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

Severn Bancorp (Severn Bancorp) Effective Interest Rate on Debt % : 11.40% (As of Jun. 2021)


View and export this data going back to 1999. Start your Free Trial

What is Severn 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. Severn Bancorp's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $3.49 Mil. Severn Bancorp's average total debt for the quarter that ended in Jun. 2021 was $30.62 Mil. Therefore, Severn Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 11.40%.


Severn Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Severn 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.

Severn Bancorp Effective Interest Rate on Debt % Chart

Severn Bancorp Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.50 6.54 8.47 12.43 14.82

Severn Bancorp Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 12.34 11.73 12.39 12.42 11.40

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

For the Banks - Regional subindustry, Severn 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.


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

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

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



Severn Bancorp Effective Interest Rate on Debt % Calculation

Severn Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -6.391/( (55.619+30.619)/ 2 )
=-1  *  -6.391/43.119
=14.82 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55.619 + 0
=55.619

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.619 + 0
=30.619

Severn Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2021 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -3.492/( (30.619+30.619)/ 2 )
=-1  *  -3.492/30.619
=11.40 %

where

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.619 + 0
=30.619

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.619 + 0
=30.619

* 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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Severn Bancorp  (NAS:SVBI) Effective Interest Rate on Debt % Explanation

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


Severn Bancorp Effective Interest Rate on Debt % Related Terms

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


Severn Bancorp (Severn Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
200 Westgate Circle, Suite 200, Annapolis, MD, USA, 21401
Severn Bancorp Inc functions in the financial services sector. It operates as a savings and loan holding company. The company's main activities include the provision of a range of deposit and mortgage products throughout the United States. It also provides other personal and commercial banking services such as internet banking and corporate cash management services. In addition, it also offers banking services to customers who do business in the medical-use cannabis industry.
Executives
John Lamon director 62 EAST LAKE DRIVE, ANNAPOLIS MD 21403
Eric Keitz director 200 WESTGATE CIRCLE SUITE 200 ANNAPOLIS MD 21401
Konrad Wayson director 5378 SUDLEY ROAD, WEST RIVER MD 20778
Vance W. Adkins officer: Chief Financial Officer SEVERN BANCORP, INC., 200 WESTGATE CIRCLE, SUITE 200, ANNAPOLIS MD 21401
Dale Shields director 200 WESTGAGE CIRCLE SUITE 200 ANNAPOLIS MD 21401
David S. Jones director 791 SONNE DRIVE, ANNAPOLIS MD 21401
Johnson James H. Jr. director 1045 SKIDMORE DRIVE ANNAPOLIS MD 21409
Raymond S. Crosby director 1819 HIDDEN POINT ROAD ANNAPOLIS MD 21409
Alan J Hyatt director, 10 percent owner, officer: President, CEO SEVERN SAVINGS BANK FSB, 200 WESTGATE CIRCLE, SUITE 500, ANNAPOLIS MD 21401
Alan Lancaster officer: Chief Credit Officer 200 WESTGATE CIRCLE, SUITE 200 ANNAPOLIS MD 21401
Marc S Winkler officer: Interim CFO 200 WESTGATE CIRCLE, SUITE 200 ANNAPOLIS MD 21401
Erik M Chick officer: Chief Lending Officer 200 WESTGATE CIRCLE, SUITE 200 ANNAPOLIS MD 21401
Albert W Shields director 186 SOUTHWIND RD EDGEWATER MD 21037
Christopher A Chick officer: Chief Lending Officer 200 WESTGATE CIRCLE ANNAPOLIS MD 21401
Paul B. Susie officer: Chief Financial Officer FIRST MARINER BANCORP, INC., 1501 S. CLINTON STREET, BALTIMORE MD 21224