Greer Bancshares (Greer Bancshares) Effective Interest Rate on Debt % : 3.28% (As of Sep. 2015)

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What is Greer Bancshares 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. Greer Bancshares's annualized positive value of Interest Expense for the quarter that ended in Sep. 2015 was $2.29 Mil. Greer Bancshares's average total debt for the quarter that ended in Sep. 2015 was $69.80 Mil. Therefore, Greer Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 was 3.28%.

Greer Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Greer Bancshares'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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Greer Bancshares Effective Interest Rate on Debt % Chart

Greer Bancshares Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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7.53

6.62

6.46

5.31

3.85

Greer Bancshares Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Mar15	Jun15	Sep15
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.58	3.57	2.90	3.14	3.28

Competitive Comparison of Greer Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Greer Bancshares'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.

Greer Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Greer Bancshares Effective Interest Rate on Debt % Calculation

Greer Bancshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -2.805	/	( (71.441	+	74.341)	/ 2 )
=	-1 * -2.805	/	72.891
=	3.85 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.441	+	0
=	71.441

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.341	+	2
=	74.341

Greer Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2015 )	+	Total Debt (Q: Sep. 2015 ))	/ count )
=	-1 * -2.292	/	( (71.296	+	68.296)	/ 2 )
=	-1 * -2.292	/	69.796
=	3.28 %

where

	Total Debt (Q: Jun. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.296	+	0
=	71.296

	Total Debt (Q: Sep. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.296	+	0
=	68.296

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 (Sep. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Greer Bancshares (OTCPK:GRBS) Effective Interest Rate on Debt % Explanation

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

Greer Bancshares Effective Interest Rate on Debt % Related Terms

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Greer Bancshares (Greer Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Greer Bancshares Inc (OTCPK:GRBS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.greerstatebank.com

Greer Bancshares Inc was formed in July 2001 as a one-bank holding company for Greer State Bank. The Company holds its investment in its banking subsidiary. The Company offers banking services through its subsidiary, including checking, savings, brokered deposits and other time deposits of various types, loans for business, real estate, personal use, home improvements, automobiles and a number of other types of loans and services. In addition, drive-up, safe deposit and night depository facilities are offered. The Bank solicits deposit accounts from individuals, businesses, associations and organizations and governmental authorities. The Bank's deposits consist of retail checking accounts, NOW accounts, money market accounts, retail savings accounts and certificates of deposit. These deposits, along with short-term borrowings, long-term borrowings, and brokered deposits, are used to support its asset base. The Bank makes and services both secured and unsecured loans to individuals and businesses in its market area. The Bank strives for a balanced mix of consumer lending, commercial lending to small and medium-sized businesses and mortgage lending, both consumer and commercial. The Bank's portfolio consists of commercial, commercial real estate, real estate construction, residential mortgage, consumer installment loans and other consumer loans, as well as a small amount of lease financings and obligations of state and political subdivisions. Other banking services provided include travelers' checks, safe deposit boxes, direct deposit of payroll and social security checks, as well as automatic drafts for various accounts. It also offers, functional and user friendly internet online banking and cash management services. The Company competes with several banks which dominate the commercial banking industry in its service areas. In addition, it also competes with other community banks, savings institutions and credit unions. Both the Company and the Bank are subject to state and federal banking laws and regulations, which impose specific requirements or restrictions on and provide for general regulatory oversight of virtually all aspects of operations.

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