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Security Federal (Security Federal) Effective Interest Rate on Debt % : 60.83% (As of Dec. 2023)


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What is Security Federal 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. Security Federal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31.80 Mil. Security Federal's average total debt for the quarter that ended in Dec. 2023 was $52.27 Mil. Therefore, Security Federal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 60.83%.


Security Federal Effective Interest Rate on Debt % Historical Data

The historical data trend for Security Federal'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.

Security Federal Effective Interest Rate on Debt % Chart

Security Federal Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.94 7.34 5.10 8.02 45.37

Security Federal 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 % 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 13.11 25.97 45.72 57.02 60.83

Competitive Comparison of Security Federal's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Security Federal'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.


Security Federal's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Security Federal Effective Interest Rate on Debt % Calculation

Security Federal's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -25.729/( (61.147+52.277)/ 2 )
=-1  *  -25.729/56.712
=45.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=61.147 + 0
=61.147

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.277 + 0
=52.277

Security Federal'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  *  -31.796/( (52.258+52.277)/ 2 )
=-1  *  -31.796/52.2675
=60.83 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.258 + 0
=52.258

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.277 + 0
=52.277

* 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.


Security Federal  (OTCPK:SFDL) Effective Interest Rate on Debt % Explanation

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


Security Federal Effective Interest Rate on Debt % Related Terms

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Security Federal (Security Federal) Business Description

Industry
Traded in Other Exchanges
N/A
Address
P.O. Box 810, Aiken, SC, USA, 29802
Security Federal Corp and its subsidiaries are involved in the business of providing commercial and personal banking services as well as auto, business, home, and health insurance. The primary business of the company is to accept deposits from the general public and originate commercial real estate loans, commercial business loans, consumer loans as well as mortgage loans to buy or refinance one-to-four family residential real estate. It also originates construction loans and loans for the acquisition, development, and construction of residential subdivisions and commercial projects. The bank also operates Security federal trust and investments that offer trust, financial planning, and financial management services.
Executives
J Chris Verens director, officer: President P O BOX 810, AIKEN SC 29802
Nathan Crowe officer: Chief Accounting Officer 238 RICHLAND AVENUE NORTHWEST, AIKEN SC 29801
Darrell R Rains officer: Chief Financial Officer P.O. BOX 15367, AUGUSTA GA 30909
Philip R. Wahl director 238 RICHLAND AVENUE NW, AIKEN SC 29801
Toole Frampton W. Iii director 238 RICHLAND AVENUE NW, AIKEN SC 29801
Robert E Alexander director P O BOX 810, AIKEN SC 29802
Richard T Harmon director, officer: Exec. VP and CLO of the Bank 238 RICHLAND AVENUE WEST, AIKEN SC 29801
Toole Gasper L Iii director, officer: VP P O BOX 810, AIKEN SC 29802
Jessica T Cummins officer: Chief Financial Officer 238 RICHLAND AVENUE WEST, AIKEN SC 29801
Thomas Lucius Moore director P O BOX 810, AIKEN SC 29802
Thomas Francis M Jr officer: Senior VP P O BOX 810, AIKEN SC 29802
William Clyburn director P O BOX 810, AIKEN SC 29802
Roy G Lindburg officer: Treasurer/CFO P O BOX 810, AIKEN SC 29802
Frank M Thomas director PO BOX 810, AIKEN SC 29802
William Barry Adams director, officer: Exec. VP-Security Federal Bank P.O. BOX 810, AIKEN SC 29802

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