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Bridgewater Bancshares (Bridgewater Bancshares) Effective Interest Rate on Debt % : 33.10% (As of Mar. 2024)


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What is Bridgewater Bancshares 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. Bridgewater Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $136.2 Mil. Bridgewater Bancshares's average total debt for the quarter that ended in Mar. 2024 was $411.3 Mil. Therefore, Bridgewater Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 33.10%.


Bridgewater Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Bridgewater Bancshares'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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Bridgewater Bancshares Effective Interest Rate on Debt % Chart

Bridgewater Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 17.55 16.98 13.99 20.96 38.92

Bridgewater Bancshares 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 39.09 36.15 33.83 33.24 33.10

Competitive Comparison of Bridgewater Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bridgewater Bancshares'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.


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

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

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



Bridgewater Bancshares Effective Interest Rate on Debt % Calculation

Bridgewater Bancshares'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  *  -117.181/( (189.655+412.538)/ 2 )
=-1  *  -117.181/301.0965
=38.92 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.655 + 0
=189.655

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=412.538 + 0
=412.538

Bridgewater Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -136.152/( (412.538+410.133)/ 2 )
=-1  *  -136.152/411.3355
=33.10 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=412.538 + 0
=412.538

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=410.133 + 0
=410.133

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Bridgewater Bancshares  (NAS:BWB) Effective Interest Rate on Debt % Explanation

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


Bridgewater Bancshares Effective Interest Rate on Debt % Related Terms

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Bridgewater Bancshares (Bridgewater Bancshares) Business Description

Traded in Other Exchanges
Address
4450 Excelsior Boulevard, Suite 100, St. Louis Park, MN, USA, 55416
Bridgewater Bancshares Inc offers retail and commercial loan and deposit services to customers within the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. The company engages in providing a wide range of deposit and lending products. Its products and services include commercial deposits, loans, online business services, credit cards, mobile banking, and remote deposit services.
Executives
Mary Jayne Crocker officer: EVP & Chief Operating Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Joseph M. Chybowski officer: SVP & Chief Financial Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Lisa Brezonik director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Nicholas L. Place officer: SVP & Chief Lending Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Jerry J. Baack director, officer: President & CEO 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Mohammed Lawal director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Todd B. Urness director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Douglas J. Parish director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Lisa M Salazar officer: SVP Deposit Svcs/Emerging Prod 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Mark E. Hokanson officer: Chief Technology Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
David B. Juran director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
James S. Johnson director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Thomas P. Trutna director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Jeffrey D. Shellberg director, officer: EVP and Chief Credit Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
David J. Volk director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416