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First Keystone (First Keystone) Effective Interest Rate on Debt % : 14.46% (As of Dec. 2023)


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What is First Keystone 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. First Keystone's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $33.89 Mil. First Keystone's average total debt for the quarter that ended in Dec. 2023 was $234.40 Mil. Therefore, First Keystone's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.46%.


First Keystone Effective Interest Rate on Debt % Historical Data

The historical data trend for First Keystone'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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First Keystone Effective Interest Rate on Debt % Chart

First Keystone 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 6.74 7.54 7.74 7.23 11.92

First Keystone 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 13.64 11.13 11.99 14.27 14.46

Competitive Comparison of First Keystone's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Keystone'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 Keystone's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



First Keystone Effective Interest Rate on Debt % Calculation

First Keystone'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  *  -27.872/( (185.079+282.735)/ 2 )
=-1  *  -27.872/233.907
=11.92 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.029 + 133.05
=185.079

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=148.976 + 133.759
=282.735

First Keystone'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  *  -33.892/( (186.059+282.735)/ 2 )
=-1  *  -33.892/234.397
=14.46 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.998 + 137.061
=186.059

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=148.976 + 133.759
=282.735

* 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.


First Keystone  (OTCPK:FKYS) Effective Interest Rate on Debt % Explanation

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


First Keystone Effective Interest Rate on Debt % Related Terms

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First Keystone (First Keystone) Business Description

Industry
Traded in Other Exchanges
N/A
Address
111 West Front Street, Berwick, PA, USA, 18603
First Keystone Corp is a bank holding company based in the United States. The corporation operates through its wholly-owned subsidiary, which operates as an independent community financial services provider, and offers traditional banking and related financial services to individual, business, government, and public and institutional customers. Its banking activities include accepting time, demand, and savings deposits and making secured and unsecured commercial, real estate, and consumer loans.
Executives
Whitney B Holloway director 1034 THIRD ST, NESCOPECK PA 18635
Donald Matthew Bower director 1755 SALEM BOULEVARD, BERWICK PA 18603
Michael L Jezewski director 662 E. MAIN STREET, NANTICOKE PA 18634
Jonathan Robert Littlewood officer: Senior Vice President 98 W. 10TH STREET, BLOOMSBURG PA 17815
Nancy Jean Marr director 2083 CONTINENTAL BLVD, TURBOTVILLE PA 17772
Robert Alvin Bull director 501 E 11TH ST, BERWICK PA 18603
John E Arndt director 5 SONNY ROAD, BERWICK PA 18603
William Elmer Rinehart director 860 POLK VALLEY ROAD, STROUDSBURG PA 18360
Conahan Joseph B Jr director R.D. 5 5121B, HICKORY CIRCLE, STROUDSBURG PA 18360
Elaine A Woodland officer: Senior Vice President RR 7 BOX 7353, SAYLORSBURG PA 18353
Mark James Mcdonald officer: SVP 3004 RED LANE, DANVILLE PA 17821
John G Gerlach director 32 WYNDHAM HILLS, CRESCO PA 18326
Don E Bower director 1371 STATE RT 93, BERWICK PA 18603
Jeffrey Thomas Wozniak officer: SVP 26 GRECO DRIVE, SUGARLOAF PA 18249
Jacob Richard Price officer: SVP 929 MCGRANN BLVD, LANCASTER PA 17601

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