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Glen Burnie Bancorp (Glen Burnie Bancorp) Effective Interest Rate on Debt % : 7.93% (As of Dec. 2023)


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What is Glen Burnie Bancorp 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. Glen Burnie Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.18 Mil. Glen Burnie Bancorp's average total debt for the quarter that ended in Dec. 2023 was $27.50 Mil. Therefore, Glen Burnie Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.93%.


Glen Burnie Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Glen Burnie Bancorp'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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Glen Burnie Bancorp Effective Interest Rate on Debt % Chart

Glen Burnie Bancorp 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 4.82 5.52 4.30 4.27 4.01

Glen Burnie Bancorp 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 2.40 - 4.08 7.96 7.93

Competitive Comparison of Glen Burnie Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Glen Burnie 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.


Glen Burnie Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Glen Burnie Bancorp's Effective Interest Rate on Debt % falls into.



Glen Burnie Bancorp Effective Interest Rate on Debt % Calculation

Glen Burnie Bancorp'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  *  -1.202/( (0+30)/ 1 )
=-1  *  -1.202/30
=4.01 %

where

Glen Burnie Bancorp'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  *  -2.18/( (25+30)/ 2 )
=-1  *  -2.18/27.5
=7.93 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Glen Burnie Bancorp  (NAS:GLBZ) Effective Interest Rate on Debt % Explanation

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


Glen Burnie Bancorp Effective Interest Rate on Debt % Related Terms

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Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 Crain Highway, S.E., Glen Burnie, MD, USA, 21061
Glen Burnie Bancorp is a bank holding company for The Bank of Glen Burnie. It offers retail and commercial banking services such as checking, savings, loans, mobile banking, online banking, wire transfer, ACH services, debit card, automated teller machines, and safe deposit boxes among others. The bank generates its revenue in the form of interest income. All of the revenues are earned within the United States.
Executives
Mary L Wilcox director 711 MAYO RD, GLEN BURNIE MD 21061
Julie M Mussog director 1105 MIAMI AVENUE, ANNAPOLIS MD 21403
Stanford Hess director 43 RIVER OAKS CIRCLE, BALTIMORE MD 21208
Joan Rumenap director 115 1ST AVENUE, SW, GLEN BURNIE MD 21061
Harrison Norman E Jr director 1 BARNABY COURT, TIMONIUM MD 21093
John D. Long director, officer: Executive Vice President 101 CRANE HIGHWAY, S.E., GLEN BURNIE MD 21061
Edward L Maddox director 323 ARBOR OAKS CT., MILLERSVILLE MD 21108
John Melvin Wright officer: CFO 1301 MERRITT BOULEVARD, DUNDALK MD 21222
Kuethe F William Jr director, officer: President 101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
John E Demyan director 101 CRAIN HWY SE, GLEN BURNIE MD 21061
Andrew Cooch director 101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
Karen B Thowarth director 201 THIRD AVE SW, GLEN BURNIE MD 21061
Edward B Connelly officer: COO 207 SANFORD AVENUE, CATONSVILLE MD 21228
Scherer William N Sr director 24 CRAIN HIGHWAY SW, GLEN BURNIE MD 21061
Joyce Ann Ohmer officer: Senior Vice President 300 COUNCIL OAK DRIVE, SEVERN MD 21144

Glen Burnie Bancorp (Glen Burnie Bancorp) Headlines

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