Congaree Bancshares (Congaree Bancshares) Interest Expense : $-0.36 Mil (TTM As of Mar. 2016)

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What is Congaree Bancshares Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Congaree Bancshares's interest expense for the three months ended in Mar. 2016 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was $-0.36 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Congaree Bancshares's Operating Income for the three months ended in Mar. 2016 was $ Mil. Congaree Bancshares's Interest Expense for the three months ended in Mar. 2016 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Congaree Bancshares Interest Expense Historical Data

The historical data trend for Congaree Bancshares's Interest Expense 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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Congaree Bancshares Interest Expense Chart

Congaree Bancshares Annual Data

Trend

Dec06

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Dec15

Interest Expense

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-1.19

-0.73

-0.47

-0.40

-0.36

Congaree Bancshares Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.09	-0.09	-0.09	-0.09

Congaree Bancshares Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.36 Mil.

Congaree Bancshares (Congaree Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Congaree Bancshares Inc (OTCPK:CNRB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.congareestatebank.com

Congaree Bancshares Inc was organized in November 2005 to operate as a bank holding company pursuant to the Federal Bank Holding Company Act of 1956 and the South Carolina Bank Holding Company Act, and to own and control all of the capital stock of Congaree State Bank. The company operates as a holding company for Congaree State Bank. The Bank provides a range of banking services to consumers, small to medium-sized businesses, and professional concerns in Lexington and Richland counties, South Carolina. The Company offers various deposit products, including checking accounts, NOW accounts, commercial accounts, savings accounts, individual retirement accounts, and other time deposits ranging from daily money market accounts to longer-term certificates of deposit. It also provides residential and commercial real estate loans; adjustable and fixed-rate real estate construction loans for residential and commercial projects; commercial loans, such as equipment, working capital, and small business loans; and equity and consumer loans to individuals for personal and household purposes, including secured and unsecured installment loans and revolving lines of credit, such as credit cards. In addition, the company offers other banking services, including online banking, commercial cash management, remote deposit capture, safe deposit boxes, bank official checks, travelers checks, wire transfers, cashiers checks, banking by mail, and the U.S. savings bonds. It serves its customers through its main office in Cayce and an additional office in West Columbia. It primarily derives revenues from net interest income that is the difference between income earned on interest-earning assets and interest paid on deposits and borrowings used to support such assets.

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