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CF Bankshares (CF Bankshares) Effective Interest Rate on Debt %

: 55.17% (As of Dec. 2023)
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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. CF Bankshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $71.83 Mil. CF Bankshares's average total debt for the quarter that ended in Dec. 2023 was $130.21 Mil. Therefore, CF Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 55.17%.


CF Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for CF Bankshares'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.

CF Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.49 10.54 6.11 16.32 47.36

CF Bankshares 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 % 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 Premium Member Only Premium Member Only Premium Member Only 28.54 32.31 40.97 50.68 55.17

Competitive Comparison

For the Banks - Regional subindustry, CF Bankshares'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.


CF Bankshares Effective Interest Rate on Debt % Distribution

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

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



CF Bankshares Effective Interest Rate on Debt % Calculation

CF Bankshares'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  *  -60.639/( (125.821+130.258)/ 2 )
=-1  *  -60.639/128.0395
=47.36 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=125.821 + 0
=125.821

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.258 + 0
=130.258

CF Bankshares'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  *  -71.832/( (130.154+130.258)/ 2 )
=-1  *  -71.832/130.206
=55.17 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.154 + 0
=130.154

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.258 + 0
=130.258

* 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.


CF Bankshares  (NAS:CFBK) Effective Interest Rate on Debt % Explanation

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


CF Bankshares Effective Interest Rate on Debt % Related Terms

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CF Bankshares (CF Bankshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4960 E. Dublin Granville Road, Suite 400, Columbus, OH, USA, 43081
CF Bankshares Inc is a holding company for CFBank which is engaged in the provision of a variety of financial services. It provides personalized business banking products and services, including commercial loans and leases, commercial and residential real estate loans, equipment leasing, SBA loans, and treasury management depository services. The revenues are derived principally from the interest and fees on loans originated and noninterest income generated on the sale of loans.
Executives
David L Royer director 7000 N HIGH STREET, WORTHINGTON OH 43085
Thomas P Ash director GRAND CENTRAL FINANCIAL CORP, 601 MAIN ST, WELLSVILLE OH 43968
Timothy T O'dell director, officer: CEO 2923 SMITH RD, FAIRLAWN OH 44333
Marianne Mckinney officer: EVP & Sr Operations Mngr 7000 N. HIGH STREET, WORTHINGTON OH 43085
Robert E Hoeweler director
Sundeep Rana director CASTLE CREEK CAPITAL, 8604 TURTLE CREEK BLVD, #12674, DALLAS TX 75225
Bradley J Ringwald officer: Chief Comm Banking Officer 255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202
Kevin J Beerman officer: SVP, Senior Financial Officer 7000 N HIGH STREET, WORTHINGTON OH 43085
John Pietrzak director WEST COAST BANCORP, 5335 MEADOWS ROAD, SUITE 201, LAKE OSWEGO OR 97035
Helmsdoerfer John W Jr officer: Exec VP & CFO 2923 SMITH RD, FAIRLAWN OH 44333
Frauenberg James H Ii director 2923 SMITH RD, FAIRLAWN OH 44333
Robert H Milbourne director 7250 STAR CHECK DRIVE, COLUMBUS OH 43217
Edward W Cochran director 2923 SMITH ROAD, FAIRLAWN OH 44333
Thad R Perry director, officer: President 2923 SMITH RD, FAIRLAWN OH 44333
Donal H Malenick director 4461 WAYSIDE DR., NAPLES FL 34119