Town Center Bank IL (Town Center Bank IL) Debt-to-Equity : 1.08 (As of Jun. 2023)

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What is Town Center Bank IL Debt-to-Equity?

Town Center Bank IL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Town Center Bank IL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $17.50 Mil. Town Center Bank IL's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $16.23 Mil. Town Center Bank IL's debt to equity for the quarter that ended in Jun. 2023 was 1.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Town Center Bank IL's Debt-to-Equity or its related term are showing as below:

TCNB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.31 Max: 1.18
Current: 1.18

During the past 11 years, the highest Debt-to-Equity Ratio of Town Center Bank IL was 1.18. The lowest was 0.02. And the median was 0.31.

TCNB's Debt-to-Equity is ranked worse than
69.15% of 1394 companies
in the Banks industry
Industry Median: 0.68 vs TCNB: 1.18

Town Center Bank IL Debt-to-Equity Historical Data

The historical data trend for Town Center Bank IL's Debt-to-Equity 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.

Town Center Bank IL Debt-to-Equity Chart

Town Center Bank IL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.51

0.39

0.02

1.18

Town Center Bank IL Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.02	-	1.08	1.18

Competitive Comparison of Town Center Bank IL's Debt-to-Equity

For the Banks - Regional subindustry, Town Center Bank IL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Town Center Bank IL's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Town Center Bank IL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Town Center Bank IL's Debt-to-Equity falls into.

Town Center Bank IL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Town Center Bank IL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	20.03)	/	16.927
	=	1.18

Town Center Bank IL's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	17.5)	/	16.228
	=	1.08

Town Center Bank IL (OTCPK:TCNB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Town Center Bank IL Debt-to-Equity Related Terms

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Town Center Bank IL (Town Center Bank IL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Town Center Bank IL (OTCPK:TCNB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1938 E. Lincoln Highway, Unit 201, New Lenox, IL, USA, 60451

Website

https://www.towncenterbank.com

Town Center Bank IL provides banking products and services to families, businesses, and organizations in Illinois. Its primary deposit products are checking, savings, and term certificate accounts and its primary lending products are residential mortgages, commercial, commercial real estate, construction, land development, and consumer loans. Other financial instruments offered by the bank include loan commitments, credit lines, letters of credit, and overdraft protection.

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