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Colony Bankcorp (Colony Bankcorp) Effective Interest Rate on Debt % : 23.54% (As of Dec. 2023)


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What is Colony Bankcorp 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. Colony Bankcorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $57.3 Mil. Colony Bankcorp's average total debt for the quarter that ended in Dec. 2023 was $243.4 Mil. Therefore, Colony Bankcorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 23.54%.


Colony Bankcorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Colony Bankcorp'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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Colony Bankcorp Effective Interest Rate on Debt % Chart

Colony Bankcorp 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 16.41 10.79 5.91 7.45 21.13

Colony Bankcorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.46 20.74 22.21 23.54 25.69

Competitive Comparison of Colony Bankcorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Colony Bankcorp'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.


Colony Bankcorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Colony Bankcorp Effective Interest Rate on Debt % Calculation

Colony Bankcorp'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  *  -46.672/( (203.352+238.445)/ 2 )
=-1  *  -46.672/220.8985
=21.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=203.352 + 0
=203.352

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=238.445 + 0
=238.445

Colony Bankcorp'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  *  -57.316/( (248.422+238.445)/ 2 )
=-1  *  -57.316/243.4335
=23.54 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=248.422 + 0
=248.422

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=238.445 + 0
=238.445

* 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.


Colony Bankcorp  (NAS:CBAN) Effective Interest Rate on Debt % Explanation

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


Colony Bankcorp Effective Interest Rate on Debt % Related Terms

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Colony Bankcorp (Colony Bankcorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
115 South Grant Street, Fitzgerald, GA, USA, 31750
Colony Bankcorp Inc is a bank holding company. The bank provides a broad range of banking services to its retail and commercial customers. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans, agri-business and production loans, residential mortgage loans, consumer loans, and a variety of demand, savings, and time deposit products. The company's segments include banking, mortgage banking, and small business specialty lending division. It generates maximum revenue from the banking segment.
Executives
Harold Wyatt director 115 S GRANT STREET, P. O. BOX 989, FITZGERALD GA 31750
Matthew D. Reed director 115 S. GRANT ST., P.O. BOX 989, FITZGERALD GA 31750
Lee Bagwell officer: Executive VP 1000 LEE AVENUE, DOUGLAS GA 31533
Bateman Leonard H Jr officer: EVP & Chief Credit Officer 101 CALUMET CENTER ROAD, LAGRANGE GA 30241
Audrey Hollingsworth director 115 S GRANT STREET, P O BOX 989, FITZGERALD GA 31750
Scott Lowell Downing director 238 NEWCOMER TRAIL, FITZGERALD GA 31750
Kimberly C. Dockery officer: Exec. Chief Admin Officer P.O. BOX 920, LEESBURG GA 31763
T Heath Fountain director, officer: President and CEO C/O COLONY BANKCORP, INC., 115 S. GRANT ST. P.O. BOX 989, FITZGERALD GA 31750
Copeland R Dallis Jr officer: President 115 S GRANT STREET, P O BOX 989, FITZGERALD GA 31750
Hoyle M. Edward Jr. officer: Chief Banking Officer, EVP 115 SOUTH GRANT STREET, FITZGERALD GA 31750
David Andrew Borrmann officer: EVP P.O. BOX 17465, GREENVILLE SC 29606
Meagan M. Mowry director 115 S GRANT ST., P.O. BOX 989, FITZGERALD GA 31750
Brian D Schmitt director, other: Executive Vice Chairman 115 S GRANT STREET, FITZGERALD GA 31750
M Frederick Dwozan director 718 MEDICAL CENTER DRIVE, EASTMAN GA 31023-6736
Loomis Edward Percy Jr director 115 S GRANT STREET, FITZGERALD GA 31750