WSB Financial (WSB Financial) Effective Interest Rate on Debt % : 171.44% (As of Dec. 2008)

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What is WSB Financial 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. WSB Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2008 was $14.14 Mil. WSB Financial's average total debt for the quarter that ended in Dec. 2008 was $8.25 Mil. Therefore, WSB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2008 was 171.44%.

WSB Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for WSB Financial'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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WSB Financial Effective Interest Rate on Debt % Chart

WSB Financial Annual Data

Trend

Dec02

Dec04

Dec05

Dec06

Dec07

Dec08

Effective Interest Rate on Debt %

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62.82

142.88

212.35

200.55

WSB Financial Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															228.27	241.46	211.88	177.40	171.44

Competitive Comparison of WSB Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, WSB Financial'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.

WSB Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

WSB Financial Effective Interest Rate on Debt % Calculation

WSB Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2008 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2007 )	+	Total Debt (A: Dec. 2008 ))	/ count )
=	-1 * -16.541	/	( (8.248	+	8.248)	/ 2 )
=	-1 * -16.541	/	8.248
=	200.55 %

where

	Total Debt (A: Dec. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.248	+	0
=	8.248

	Total Debt (A: Dec. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.248	+	0
=	8.248

WSB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2008 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2008 )	+	Total Debt (Q: Dec. 2008 ))	/ count )
=	-1 * -14.14	/	( (8.248	+	8.248)	/ 2 )
=	-1 * -14.14	/	8.248
=	171.44 %

where

	Total Debt (Q: Sep. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.248	+	0
=	8.248

	Total Debt (Q: Dec. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.248	+	0
=	8.248

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. 2008) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

WSB Financial (OTCPK:WSFGQ) Effective Interest Rate on Debt % Explanation

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

WSB Financial Effective Interest Rate on Debt % Related Terms

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WSB Financial (WSB Financial) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

607 Pacific Avenue, Bremerton, WA, USA, 98337

Website

http://www.westsoundbank.com

WSB Financial Inc is a bank holding company. The company provides real estate lending products and supplemented by commercial banking products and services. It also provides short-term to long-term commercial and consumer lending products and services.

Executives

Charles L Turner

officer: Sr. VP, Chief Lending Officer

C/O SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121

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