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Carver Bancorp (Carver Bancorp) Effective Interest Rate on Debt %

: 20.59% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Carver Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11.97 Mil. Carver Bancorp's average total debt for the quarter that ended in Dec. 2023 was $58.15 Mil. Therefore, Carver Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.59%.


Carver Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Carver Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carver Bancorp Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.54 21.20 10.41 5.74 10.38

Carver Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.11 12.29 14.34 17.11 20.59

Competitive Comparison

For the Banks - Regional subindustry, Carver Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carver Bancorp Effective Interest Rate on Debt % Distribution

For the Banks industry and Financial Services sector, Carver Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Carver Bancorp's Effective Interest Rate on Debt % falls into.



Carver Bancorp Effective Interest Rate on Debt % Calculation

Carver Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -4.911/( (30.342+64.263)/ 2 )
=-1  *  -4.911/47.3025
=10.38 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.342 + 0
=30.342

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.263 + 0
=64.263

Carver Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -11.972/( (58.477+57.821)/ 2 )
=-1  *  -11.972/58.149
=20.59 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58.477 + 0
=58.477

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=57.821 + 0
=57.821

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Carver Bancorp  (NAS:CARV) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Carver Bancorp Effective Interest Rate on Debt % Related Terms

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Carver Bancorp (Carver Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
75 West 125th Street, New York, NY, USA, 10027
Carver Bancorp Inc is a holding company and conducts its business as a unitary saving and loan holding firm and the business of the company consists of the operation of its subsidiary. The bank offers a wide range of financial solutions to meet customers' banking. It offers other consumer and commercial banking products and services, such as debit cards, online banking, online bill pay, and telephone banking. The company provides deposit products, such as demand, savings, and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its market area within New York City.
Executives
Isaac Torres officer: SVP and GC 75 WEST 125TH STREET, NEW YORK NY 10027
Craig C Mackay director 75 WEST 125TH STREET, NEW YORK NY 10027
Robin L Nunn director 75 WEST 125TH STREET, NEW YORK NY 10027
Christina L Maier officer: CFO C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Sophia Haliotis officer: SVP and CCO 75 WEST 125TH STREET, NEW YORK NY 10027
Michael T. Pugh officer: President & COO CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027
Jones Lewis P. Iii director 75 WEST 125TH STREET, NEW YORK NY 10027
Steven Bussey director 75 WEST 125TH STREET, NEW YORK NY 10027
Jillian E Joseph director 75 WEST 125TH STREET, NEW YORK NY 10027
Robert W Mooney director 75 WEST 125TH STREET, NEW YORK NY 10027
Thomas K Ritter director 120 CAMBRIDGE AVENUE, LINWOOD NJ 08221
Deborah C Wright director, officer: President & CEO CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027
Ingrid Lamae Dejongh director 75 W. 125TH STREET, NEW YORK NY 10027
Grannum Colvin director 75 WEST 125TH STREET, NEW YORK NY 10027
Kenneth Knuckles director 75 WEST 125TH STREET, NEW YORK NY 10027