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Landmark Bancorp (Landmark Bancorp) Effective Interest Rate on Debt % : 24.46% (As of Dec. 2023)


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What is Landmark 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. Landmark Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $26.40 Mil. Landmark Bancorp's average total debt for the quarter that ended in Dec. 2023 was $107.92 Mil. Therefore, Landmark Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.46%.


Landmark Bancorp Effective Interest Rate on Debt % Historical Data

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

Landmark Bancorp 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 20.38 11.96 5.94 8.93 25.58

Landmark Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.44 18.56 19.17 20.83 24.46

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

For the Banks - Regional subindustry, Landmark 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.


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

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

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



Landmark Bancorp Effective Interest Rate on Debt % Calculation

Landmark 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  *  -21.391/( (68.253+99.027)/ 2 )
=-1  *  -21.391/83.64
=25.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=68.253 + 0
=68.253

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.027 + 0
=99.027

Landmark Bancorp'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  *  -26.4/( (116.81+99.027)/ 2 )
=-1  *  -26.4/107.9185
=24.46 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=116.81 + 0
=116.81

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.027 + 0
=99.027

* 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.


Landmark Bancorp  (NAS:LARK) Effective Interest Rate on Debt % Explanation

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


Landmark Bancorp Effective Interest Rate on Debt % Related Terms

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Landmark Bancorp (Landmark Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
701 Poyntz Avenue, Manhattan, KS, USA, 66502
Landmark Bancorp Inc is the bank holding company for Landmark National Bank, which is dedicated to providing quality financial and banking services. The bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans. In addition, it also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Its primary deposit gathering and lending markets are geographically diversified with locations in central, eastern, southeast, and southwest Kansas.
Executives
Richard Ball director 2006 BROADWAY, SUITE D, GREAT BEND KS 67530
Mark A Herpich officer: Chief Financial Officer 701 POYNTZ AVENUE, MANHATTAN KS 66052
Michael E Scheopner officer: Executive Vice President 6701 SW HAMPTONSHIRE LANE, TOPEKA KS 66614-4464
Jim Lewis director 800 POYNTZ AVE, MANHATTAN KS 66502
Angela S. Hurt director 701 POYNTZ AVENUE, MANHATTAN KS 66502
Angelia K. Stanland director 701 POYNTZ AVENUE, MANHATTAN KS 66502
Sandra J Moll director P.O. BOX 402, PAOLA KS 66071
Wayne R Sloan director 1044 BRIANNA CT, MANHATTAN KS 66503
Patrick L Alexander director, officer: President & CEO 2004 E. 175TH RD, LECOMPTON KS 66050
Mark J Oliphant officer: Market President 800 POYNTZ AVE, MANHATTAN KS 66502
Sarah Hill-nelson director 1311 WEST 8TH STREET, LAWRENCE KS 66044
Bradly L. Chindamo officer: Market President 902 APRIL RAIN RD, LAWRENCE KS 66049
Larry R Heyka officer: Market President 701 POYNTZ AVENUE, MANHATTAN KS 66502
Dean R Thibault officer: Market President 800 POYNTZ AVENUE, MANHATTAN KS 66052
C Duane Ross director 800 POYNTZ AVE, MANHATTAN KS 66502