First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Effective Interest Rate on Debt % : 10.71% (As of Sep. 2017)

First Federal of Northern Michigan Bancorp Effective Interest Rate on Debt % Chart

First Federal of Northern Michigan Bancorp Annual Data
	Trend	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16
Effective Interest Rate on Debt %		Get a 7-Day Free Trial					5.44	4.49	4.54	4.46	5.09

First Federal of Northern Michigan Bancorp Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.55	6.27	7.15	6.27	10.71

Competitive Comparison of First Federal of Northern Michigan Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Federal of Northern Michigan 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.

First Federal of Northern Michigan Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where First Federal of Northern Michigan Bancorp's Effective Interest Rate on Debt % falls into.

First Federal of Northern Michigan Bancorp Effective Interest Rate on Debt % Calculation

First Federal of Northern Michigan Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

where

First Federal of Northern Michigan Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as

where

* 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 (Sep. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

First Federal of Northern Michigan Bancorp  (OTCPK:FFNM) Effective Interest Rate on Debt % Explanation

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

First Federal of Northern Michigan Bancorp Effective Interest Rate on Debt % Related Terms

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First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Business Description