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First National (First National) Effective Interest Rate on Debt % : 45.47% (As of Dec. 2023)


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What is First National 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 National's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $17.86 Mil. First National's average total debt for the quarter that ended in Dec. 2023 was $39.28 Mil. Therefore, First National's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 45.47%.


First National Effective Interest Rate on Debt % Historical Data

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

First National 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 34.29 20.18 11.96 22.77 36.43

First National 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 48.48 65.91 99.22 110.62 45.47

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

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

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

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



First National Effective Interest Rate on Debt % Calculation

First National'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  *  -14.306/( (14.274+64.276)/ 2 )
=-1  *  -14.306/39.275
=36.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.274 + 0
=14.274

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.276 + 50
=64.276

First National'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  *  -17.86/( (14.276+64.276)/ 2 )
=-1  *  -17.86/39.276
=45.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.276 + 0
=14.276

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.276 + 50
=64.276

* 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 National  (NAS:FXNC) Effective Interest Rate on Debt % Explanation

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


First National Effective Interest Rate on Debt % Related Terms

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First National (First National) Business Description

Industry
Traded in Other Exchanges
N/A
Address
112 West King Street, Strasburg, VA, USA, 22657
First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, and retirement accounts.
Executives
Smith Gerald F Jr director 112 W KING ST, STRASBURG VA 22657
Holt George Edwin Iii director 112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R director 112 W KING ST, STRASBURG VA 22657
Kirtesh Patel director 112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard director, officer: President/CEO 112 W KING ST, STRASBURG VA 22657
Boyce E Brannock director 112 WEST KING STREET, STRASBURG VA 22657
C Ray Sprinkle director 112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens director 112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk director 443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart officer: Senior EVP/CCO 112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J officer: EVP-Senior Trust Officer 112 W KING STREET, STRASBURG VA 22657
James C Youngblood officer: EVP/SENIOR LENDING OFFICER 112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck director 311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr. officer: EVP / CCO 112 W KING ST, STRASBURG VA 22657
Davis Dr James A director 112 WEST KING STREET, STRASBURG VA 22657