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First United (First United) Effective Interest Rate on Debt % : 19.71% (As of Dec. 2023)


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What is First United 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 United's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31.99 Mil. First United's average total debt for the quarter that ended in Dec. 2023 was $162.25 Mil. Therefore, First United's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.71%.


First United Effective Interest Rate on Debt % Historical Data

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

First United 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 9.41 9.28 8.31 7.28 18.99

First United 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 10.06 14.10 17.40 19.71 20.88

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

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

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

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



First United Effective Interest Rate on Debt % Calculation

First United'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  *  -24.286/( (97.867+157.903)/ 2 )
=-1  *  -24.286/127.885
=18.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.302 + 64.565
=97.867

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.485 + 45.418
=157.903

First United'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  *  -31.988/( (166.606+157.903)/ 2 )
=-1  *  -31.988/162.2545
=19.71 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=113.276 + 53.33
=166.606

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.485 + 45.418
=157.903

* 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 United  (NAS:FUNC) Effective Interest Rate on Debt % Explanation

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


First United Effective Interest Rate on Debt % Related Terms

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First United (First United) Business Description

Industry
Traded in Other Exchanges
Address
19 South Second Street, Oakland, MD, USA, 21550-0009
First United Corp is active in the financial services domain. The scope of its offering includes checking, savings, money market deposit accounts and certificates of deposit, business loans, personal loans, mortgage loans and lines of credit extended to both individuals and businesses. In addition, it provides safe deposit and night depository facilities, insurance products and trust services. The bank also provides residential real estate construction loans to builders and individuals for single-family dwellings.
Executives
Marisa A. Shockley director 19 S. SECOND STREET, OAKLAND MD 21550
Carissa Lynn Rodeheaver officer: Chief Financial Officer 19 SOUTH SECOND STREET, OAKLAND MD 21550
Brian R. Boal director 19 S. SECOND STREET, OAKLAND MD 21550
Jason Barry Rush officer: VP and Director of Operations 19 SOUTH SECOND STREET, OAKLAND MD 21550
Kevin Hessler director 19 S. SECOND STREET, OAKLAND MD 21550
John Mccullough director 19 SOUTH SECOND STREET, OAKLAND MD 21550
Beth Moran director 19 S. SECOND STREET, OAKLAND MD 21550
Irvin Robert Rudy director 121 NORTH SECOND ST, OAKLAND MD 21550
John F. Barr director 19 S. SECOND STREET, OAKLAND MD 21550
Christy Dipietro director 19 S. SECOND STREET, OAKLAND MD 21550
Patricia Milon director 19 S SECOND STREET, OAKLAND MD 21550
Gary Ruddell director 19 SOUTH SECOND STREET, OAKLAND MD 21550
Sanu Chadha director 19 S. SECOND STREET, OAKLAND MD 21550
M Kathryn Burkey director P.O. BOX 9, 19 SOUTH SECOND STREET, OAKLAND MD 21550
Elaine L Mcdonald director 672 WHITE OAK DR, SWANTON MD 21561