Old Second Bancorp (FRA:OSB) Effective Interest Rate on Debt % : 13.65% (As of Mar. 2024)

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What is Old Second 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. Old Second Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €49.9 Mil. Old Second Bancorp's average total debt for the quarter that ended in Mar. 2024 was €365.1 Mil. Therefore, Old Second Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.65%.

Old Second Bancorp Effective Interest Rate on Debt % Historical Data

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

Old Second Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.02

9.38

7.18

5.61

11.04

Old Second Bancorp 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															7.19	8.08	8.28	9.76	13.65

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

For the Banks - Regional subindustry, Old Second 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.

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

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

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

Old Second Bancorp Effective Interest Rate on Debt % Calculation

Old Second Bancorp'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 * -36.716	/	( (215.85	+	449.472)	/ 2 )
=	-1 * -36.716	/	332.661
=	11.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	130.89	+	84.96
=	215.85

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.087	+	371.385
=	449.472

Old Second Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -49.852	/	( (449.472	+	280.762)	/ 2 )
=	-1 * -49.852	/	365.117
=	13.65 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.087	+	371.385
=	449.472

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.362	+	202.4
=	280.762

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Old Second Bancorp (FRA:OSB) Effective Interest Rate on Debt % Explanation

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

Old Second Bancorp Effective Interest Rate on Debt % Related Terms

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Old Second Bancorp (FRA:OSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old Second Bancorp Inc (FRA:OSB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OSBC:USA

Address

37 South River Street, Aurora, IL, USA, 60507

Website

https://www.oldsecond.com

Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.