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SB One Bancorp (SB One Bancorp) Effective Interest Rate on Debt % : 8.77% (As of Mar. 2020)


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What is SB One Bancorp Effective Interest Rate on Debt %?

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. SB One Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2020 was $23.19 Mil. SB One Bancorp's average total debt for the quarter that ended in Mar. 2020 was $264.26 Mil. Therefore, SB One Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 was 8.77%.


SB One Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for SB One 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.

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SB One Bancorp Effective Interest Rate on Debt % Chart

SB One Bancorp Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 4.10 5.47 6.90 9.06

SB One Bancorp Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Effective Interest Rate on Debt % Get a 7-Day Free Trial 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 10.04 12.51 12.91 10.27 8.77

Competitive Comparison of SB One Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, SB One 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.


SB One Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



SB One Bancorp Effective Interest Rate on Debt % Calculation

SB One Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -23.249/( (247.765+265.71)/ 2 )
=-1  *  -23.249/256.7375
=9.06 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.47 + 175.295
=247.765

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.71 + 193
=265.71

SB One Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2019 )+Total Debt  (Q: Mar. 2020 ))/ count )
=-1  *  -23.188/( (265.71+262.819)/ 2 )
=-1  *  -23.188/264.2645
=8.77 %

where

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.71 + 193
=265.71

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=66.674 + 196.145
=262.819

* 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 (Mar. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


SB One Bancorp  (NAS:SBBX) Effective Interest Rate on Debt % Explanation

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


SB One Bancorp Effective Interest Rate on Debt % Related Terms

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SB One Bancorp (SB One Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
95 State Route 17, Paramus, NJ, USA, 07652
SB One Bancorp is a bank holding company. The bank acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business, and government customers. It offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. The bank operates its business through two segments, Banking and Financial Services and Insurance Services.
Executives
Anthony J Labozzetta officer: President and CEO SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Edward J Leppert director C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Robert Mcnerney director C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Vito Giannola officer: SEVP & CBO C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Charles A Musilli director C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416

SB One Bancorp (SB One Bancorp) Headlines