Eastern Michigan Financial (Eastern Michigan Financial) Effective Interest Rate on Debt % : 1,660.70% (As of Dec. 2006)

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What is Eastern Michigan Financial 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. Eastern Michigan Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2006 was $4.73 Mil. Eastern Michigan Financial's average total debt for the quarter that ended in Dec. 2006 was $0.29 Mil. Therefore, Eastern Michigan Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2006 was 1,660.70%.

Eastern Michigan Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Eastern Michigan Financial'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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Eastern Michigan Financial Effective Interest Rate on Debt % Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Effective Interest Rate on Debt %

1,660.70

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Effective Interest Rate on Debt %	-	-	-	-	1,660.70

Competitive Comparison of Eastern Michigan Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Eastern Michigan Financial'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.

Eastern Michigan Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Eastern Michigan Financial's Effective Interest Rate on Debt % falls into.

Eastern Michigan Financial Effective Interest Rate on Debt % Calculation

Eastern Michigan Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2006 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2005 )	+	Total Debt (A: Dec. 2006 ))	/ count )
=	-1 * -4.733	/	( (0	+	0.285)	/ 1 )
=	-1 * -4.733	/	0.285
=	1,660.70 %

where

	Total Debt (A: Dec. 2005 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2006 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.285	+	0
=	0.285

Eastern Michigan Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2006 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2005 )	+	Total Debt (Q: Dec. 2006 ))	/ count )
=	-1 * -4.733	/	( (0	+	0.285)	/ 1 )
=	-1 * -4.733	/	0.285
=	1,660.70 %

where

	Total Debt (Q: Dec. 2005 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2006 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.285	+	0
=	0.285

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 one times the annual (Dec. 2006) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Eastern Michigan Financial (OTCPK:EFIN) Effective Interest Rate on Debt % Explanation

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

Eastern Michigan Financial Effective Interest Rate on Debt % Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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