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Rhinebeck Bancorp (Rhinebeck Bancorp) Effective Interest Rate on Debt % : 21.88% (As of Mar. 2024)


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What is Rhinebeck 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. Rhinebeck Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $26.96 Mil. Rhinebeck Bancorp's average total debt for the quarter that ended in Mar. 2024 was $123.22 Mil. Therefore, Rhinebeck Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.88%.


Rhinebeck Bancorp Effective Interest Rate on Debt % Historical Data

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

Rhinebeck Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 15.44 12.60 10.85 15.70 23.15

Rhinebeck 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 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 21.72 20.21 22.99 22.79 21.88

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

For the Banks - Regional subindustry, Rhinebeck 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.


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

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

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



Rhinebeck Bancorp Effective Interest Rate on Debt % Calculation

Rhinebeck 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  *  -22.694/( (62.878+133.219)/ 2 )
=-1  *  -22.694/98.0485
=23.15 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.878 + 0
=62.878

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=133.219 + 0
=133.219

Rhinebeck 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  *  -26.956/( (133.219+113.219)/ 2 )
=-1  *  -26.956/123.219
=21.88 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=133.219 + 0
=133.219

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.219 + 60
=113.219

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


Rhinebeck Bancorp  (NAS:RBKB) Effective Interest Rate on Debt % Explanation

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


Rhinebeck Bancorp Effective Interest Rate on Debt % Related Terms

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Rhinebeck Bancorp (Rhinebeck Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 Jefferson Plaza, Poughkeepsie, NY, USA, 12601
Rhinebeck Bancorp Inc is the holding company for Rhinebeck Bank which provides a full range of banking and financial services to consumer and commercial customers. Financial services, including investment advisory and financial product sales, are offered through a division of the Bank doing business as Rhinebeck Asset Management (RAM). The Bank's primary business activity is accepting deposits from the general public and using those funds to originate indirect automobile loans (automobile loans referred by automobile dealerships), commercial real estate loans (which include multi-family real estate loans and commercial construction loans), commercial business loans and one- to four-family residential real estate loans, and to purchase investment securities.
Executives
Jamie J. Bloom officer: Chief Operating Officer 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Louis Jr. Tumolo director 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Mark D. Malone officer: Chief Retail Officer 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Michael J. Quinn director, officer: President & CEO 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Karen E. Morgan-d'amelio officer: CRO, Gen. Cnsl and Corp Sec. 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Philip J Bronzi officer: Chief Lending Officer 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Michael J. Mcdermott officer: Chief Financial Officer 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Mccardle James T. Iii officer: Chief Credit Officer 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Francis X. Dwyer officer: President of Subsidiary 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Timmian Massie officer: Chief Mktg/Pub Aff Ofc 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Steven E Howell director 12 MAIN STREET, WALDEN NY 12586
William C. Irwin director 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Christopher W. Chestney director 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Freddimir Garcia director 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Shannon Martin Lafrance director 2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601