LaPorte Bancorp (LaPorte Bancorp) Effective Interest Rate on Debt % : 4.14% (As of Mar. 2016)

View and export this data going back to 2007. Start your Free Trial

What is LaPorte 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. LaPorte Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2016 was $2.78 Mil. LaPorte Bancorp's average total debt for the quarter that ended in Mar. 2016 was $67.22 Mil. Therefore, LaPorte Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 was 4.14%.

LaPorte Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for LaPorte 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.

* Premium members only.

LaPorte Bancorp Effective Interest Rate on Debt % Chart

LaPorte Bancorp Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.63

6.44

4.61

3.32

3.55

LaPorte Bancorp Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.75	3.28	2.88	3.14	4.14

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

For the Banks - Regional subindustry, LaPorte 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.

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

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

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

LaPorte Bancorp Effective Interest Rate on Debt % Calculation

LaPorte Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2014 )	+	Total Debt (A: Dec. 2015 ))	/ count )
=	-1 * -2.669	/	( (90.074	+	60.155)	/ 2 )
=	-1 * -2.669	/	75.1145
=	3.55 %

where

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.074	+	0
=	90.074

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.155	+	0
=	60.155

LaPorte Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2015 )	+	Total Debt (Q: Mar. 2016 ))	/ count )
=	-1 * -2.784	/	( (60.155	+	74.287)	/ 2 )
=	-1 * -2.784	/	67.221
=	4.14 %

where

	Total Debt (Q: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.155	+	0
=	60.155

	Total Debt (Q: Mar. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.287	+	0
=	74.287

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. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

LaPorte Bancorp (NAS:LPSB) Effective Interest Rate on Debt % Explanation

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

LaPorte Bancorp Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of LaPorte Bancorp's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

LaPorte Bancorp (LaPorte Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LaPorte Bancorp Inc (NAS:LPSB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.laportesavingsbank.com

LaPorte Bancorp Inc operates as the bank holding company for The LaPorte Savings Bank. The LaPorte Savings Bank is an Indiana-chartered savings bank that operates from seven full-service locations in LaPorte and Porter Counties, Indiana and a mortgage loan production office in St. Joseph, Michigan. The Company's business consists of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential loans, commercial real estate loans, mortgage warehouse loans, construction loans, home equity loans and lines of credit, commercial loans, automobile and other consumer loans, as well as agency securities, mortgage-backed securities, collateralized mortgage obligation securities and municipal bond securities. In addition, the Company offers trust services through a referral agreement with a third party. In Lending Activities One- to Four-Family Residential Loans: The majority of the one- to four-family residential mortgage loans the company originates are conventional. The Company also offers adjustable rate mortgage loans with fixed terms of three, five or seven years before converting to an annual adjustment schedule based on changes in a designated United States Treasury index. The Company also makes commercial land development and residential land loans. The Company also makes construction loans for commercial development projects, such as multi-family, apartment and small retail and office buildings. Its deposit accounts consist of savings accounts, health savings accounts, NOW accounts, checking accounts, money market accounts, certificates of deposit and IRAs. The Company also provides commercial checking accounts for businesses.

Executives

Michele M. Magnuson

director, officer: President and CFO

515 FRANKLIN STREET, MICHIGAN CITY IN 46360

LaPorte Bancorp (LaPorte Bancorp) Headlines

No Headlines