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Sierra Bancorp (Sierra Bancorp) Effective Interest Rate on Debt % : 13.76% (As of Dec. 2023)


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What is Sierra 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. Sierra Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $58.3 Mil. Sierra Bancorp's average total debt for the quarter that ended in Dec. 2023 was $423.7 Mil. Therefore, Sierra Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.76%.


Sierra Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Sierra 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.

Sierra Bancorp Effective Interest Rate on Debt % Chart

Sierra Bancorp 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 18.62 4.64 3.09 6.29 13.54

Sierra 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 12.28 14.12 14.09 13.76 18.46

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

For the Banks - Regional subindustry, Sierra 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.


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

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

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



Sierra Bancorp Effective Interest Rate on Debt % Calculation

Sierra 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  *  -50.716/( (303.695+445.464)/ 2 )
=-1  *  -50.716/374.5795
=13.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.695 + 219
=303.695

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.964 + 360.5
=445.464

Sierra Bancorp'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  *  -58.292/( (401.896+445.464)/ 2 )
=-1  *  -58.292/423.68
=13.76 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=164.896 + 237
=401.896

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.964 + 360.5
=445.464

* 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.


Sierra Bancorp  (NAS:BSRR) Effective Interest Rate on Debt % Explanation

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


Sierra Bancorp Effective Interest Rate on Debt % Related Terms

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Sierra Bancorp (Sierra Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
86 North Main Street, P.O. Box 1930, Porterville, CA, USA, 93257
Sierra Bancorp is a California-based bank holding company, which offers a range of retail and commercial banking services. it offers a wide range of deposit products and services for individuals and businesses including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. The company's lending activities cover real estate, commercial (including small business), mortgage warehouse, agricultural, and consumer loans, and also offers commercial construction loans and multifamily and agricultural credit facilities among other types of real estate loans.
Executives
Susan M Abundis director 86 NORTH MAIN STREET, POTERVILLE CA 93257
Natalia M Coen officer: EVP/CRO 86 NORTH MAIN STREET, PORTERVILLE CA 93257
Laurence S Dutto director 86 N MAIN STREET, PORTERVILLE CA 93257
Gordon T Woods director 200 E HENDERSON, PORTERVILLE CA 93258
Julie G Castle director 86 NORTH MAIN STREET, PORTERVILLE CA 93257
Michele M Gil director 86 NORTH MAIN STREET, PORTERVILLE CA 93257
James C Holly director
Michael Olague officer: EVP/Chief Banking Officer 86 N MAIN STREET, PORTERVILLE CA 93257
Cindy L Dabney officer: SVP/Chief Accounting Officer 86 NORTH MAIN STREET, PORTERVILLE CA 93257
Ermina Karim director 86 NORTH MAIN STREET, PORTERVILLE CA 93257
Lynda Scearcy director 86 N. MAIN STREET, PORTERVILLE CA 93257
Jennifer Ann Johnson officer: EVP/Chief Admin. Officer 7701 EAST KELLOGG DRIVE, SUITE 200, WICHITA KS 67207
Vonn R Christenson director 86 N MAIN STREET, PORTERVILLE CA 93257
Christopher G Treece officer: EVP/Chief Financial Officer 1331 17TH STREET, SUITE 200, DENVER CO 80202
Kevin J Mcphaill officer: President/CEO 86 N MAIN STREET, PORTERVILLE CA 93257

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