Elmer Bancorp (Elmer Bancorp) Effective Interest Rate on Debt % : 744.30% (As of Dec. 2007)

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What is Elmer 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. Elmer Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2007 was $5.02 Mil. Elmer Bancorp's average total debt for the quarter that ended in Dec. 2007 was $0.68 Mil. Therefore, Elmer Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2007 was 744.30%.

Elmer Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Elmer 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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Elmer Bancorp Effective Interest Rate on Debt % Chart

Elmer Bancorp Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Effective Interest Rate on Debt %

121.56

174.28

755.41

Elmer Bancorp Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-	-	-	-	744.30

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

For the Banks - Regional subindustry, Elmer 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.

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

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

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

Elmer Bancorp Effective Interest Rate on Debt % Calculation

Elmer Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2007 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2006 )	+	Total Debt (A: Dec. 2007 ))	/ count )
=	-1 * -5.099	/	( (0	+	0.675)	/ 1 )
=	-1 * -5.099	/	0.675
=	755.41 %

where

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

	Total Debt (A: Dec. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.675	+	0
=	0.675

Elmer Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2007 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2007 )	+	Total Debt (Q: Dec. 2007 ))	/ count )
=	-1 * -5.024	/	( (0	+	0.675)	/ 1 )
=	-1 * -5.024	/	0.675
=	744.30 %

where

	Total Debt (Q: Sep. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.675	+	0
=	0.675

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. 2007) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Elmer Bancorp (OTCPK:ELMA) Effective Interest Rate on Debt % Explanation

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

Elmer Bancorp Effective Interest Rate on Debt % Related Terms

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Elmer Bancorp (Elmer Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmer Bancorp Inc (OTCPK:ELMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South Main Street, P. O. Box 980, Elmer, NJ, USA, 08318

Website

https://www.elmerbank.com

Elmer Bancorp Inc is a bank holding company incorporated in the State of New Jersey. Its First National Bank of Elmer (the Bank) operates under a national bank charter and provides a complete line of business and personal banking products. The Bank operates through its six full-service offices located in Cumberland, Gloucester and Salem counties in New Jersey. The majority of the Bank's activities are with customers located within Southern New Jersey.