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BNCCORP (BNCCORP) Effective Interest Rate on Debt % : 86.33% (As of Dec. 2023)


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What is BNCCORP 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. BNCCORP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $14.09 Mil. BNCCORP's average total debt for the quarter that ended in Dec. 2023 was $16.32 Mil. Therefore, BNCCORP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 86.33%.


BNCCORP Effective Interest Rate on Debt % Historical Data

The historical data trend for BNCCORP'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.

BNCCORP Effective Interest Rate on Debt % Chart

BNCCORP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.42 10.17 6.49 15.31 64.73

BNCCORP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 25.74 36.92 65.29 80.35 86.33

Competitive Comparison of BNCCORP's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, BNCCORP'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.


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

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

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



BNCCORP Effective Interest Rate on Debt % Calculation

BNCCORP'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  *  -10.968/( (17.378+16.512)/ 2 )
=-1  *  -10.968/16.945
=64.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.66 + 0.718
=17.378

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.094 + 0.418
=16.512

BNCCORP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -14.092/( (16.134+16.512)/ 2 )
=-1  *  -14.092/16.323
=86.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.134 + 0
=16.134

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.094 + 0.418
=16.512

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BNCCORP  (OTCPK:BNCC) Effective Interest Rate on Debt % Explanation

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


BNCCORP Effective Interest Rate on Debt % Related Terms

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BNCCORP (BNCCORP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
322 East Main Avenue, P.O. Box 4050, Bismarck, ND, USA, 58501
BNCCORP Inc is a bank holding company. The company operates in three segments: Community Banking, Mortgage Banking, and Holding company. It generates the majority of its revenue from the Community banking segment, which provides business & personal loans, commercial real estate loans, SBA loans, business & personal checking, saving products, cash management, wealth management, and retirement plan administration.
Executives
Bradley D Bonga director C/O BNCCORP, INC, 322 EAST MAIN STREET, BISMARCK ND 58501
Jerry R Woodcox director
Stephen H Roman director 322 EAST MAIN AVENUE, BISMARCK ND 58501
Timothy J Franz officer: Chief Financial Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Johnsen Richard M Jr director
Gaylen A Ghylin director 322 EAST MAIN AVENUE, BISMARCK ND 58501
E Thomas Welch director, officer: Pres-BNC Natl Bank-Minnesota 11925 ST. ALBANS HOLLOW DRIVE, MINNETONKA MN 55305
Mark W Sheffert director 4700 IDS CENTER, 80 SOUTH 8TH STREET, MINNEAPOLIS MN 55402
Mark E Peiler officer: Chief Investment Officer
Dave Hoekstra officer: Chief Credit Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Shawn Cleveland Goll officer: Chief Operating Officer
Neil M Brozen officer: SVP Trust & Financial Services 322 EAST MAIN AVENUE, BISMARCK ND 58501
Mark A Litton officer: Chief Credit Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Jerry D Renk officer: President - North Dakota 322 EAST MAIN AVENUE, BISMARCK ND 58501
David A Zelinsky officer: President - Minnesota 322 EAST MAIN AVENUE, BISMARCK ND 58501