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Penns Woods Bancorp (Penns Woods Bancorp) Effective Interest Rate on Debt % : 14.78% (As of Dec. 2023)


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What is Penns Woods 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. Penns Woods Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $47.88 Mil. Penns Woods Bancorp's average total debt for the quarter that ended in Dec. 2023 was $323.86 Mil. Therefore, Penns Woods Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.78%.


Penns Woods Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Penns Woods 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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Penns Woods Bancorp Effective Interest Rate on Debt % Chart

Penns Woods 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 6.75 8.93 6.09 3.74 11.25

Penns Woods 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 6.27 9.24 14.07 16.75 14.78

Competitive Comparison of Penns Woods Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Penns Woods 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.


Penns Woods Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Penns Woods Bancorp Effective Interest Rate on Debt % Calculation

Penns Woods 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  *  -36.631/( (253.687+397.463)/ 2 )
=-1  *  -36.631/325.575
=11.25 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105.491 + 148.196
=253.687

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=255.168 + 142.295
=397.463

Penns Woods 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  *  -47.876/( (250.264+397.463)/ 2 )
=-1  *  -47.876/323.8635
=14.78 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=220.264 + 30
=250.264

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=255.168 + 142.295
=397.463

* 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.


Penns Woods Bancorp  (NAS:PWOD) Effective Interest Rate on Debt % Explanation

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


Penns Woods Bancorp Effective Interest Rate on Debt % Related Terms

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Penns Woods Bancorp (Penns Woods Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
300 Market Street, P.O. Box 967, Williamsport, PA, USA, 17703-0967
Penns Woods Bancorp Inc is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. The Banks are engaged in commercial and retail banking which includes the acceptance of time, savings, and demand deposits, the funding of commercial, consumer, and mortgage loans, and safe deposit services. Utilizing a branch office network, ATMs, Internet, and telephone banking delivery channels, the Banks deliver their products and services to the communities residing in.
Executives
Charles E. Kranich director 1025 GREENBRIAR DRIVE, STATE COLLEGE PA 16801-6936
William Edwards director 885 SHADE HOLLOW ROAD, MILL HALL PA 17751
Cameron Kephart director 300 MARKET STREET, P.O. BOX 967, WILLIAMSPORT PA 17703
Daniel K. Brewer director 23 LONG VIEW DRIVE, BLOOMSBURG PA 17815
Richard A Grafmyre director, officer: President and CEO 115 SKYWARD DRIVE, DANVILLE PA 17821
Brian L Knepp officer: VP of Finance/Asst. Secretary ONE STRAWBERRY LANE, MIDDLEBURG PA 17842
Jack W. Jones officer: CBO 300 MARKET STREET, P. O. BOX 967, WILLIAMSPORT PA 17703
Robert Neher officer: President Luzerne Bank 300 MARKET STREET, P.O. BOX 967, WILLIAMSPORT PA 17703
Furey James M Ii director 299 LEHMAN DRIVE, COGAN STATION PA 17728
Nackley John G Sr director 559 LAKESIDE DRIVE, HARVEYS LAKE PA 18618
Joseph E Kluger director 1768 PENNS CROSSING, ALLENTOWN PA 18104
D Michael Hawbaker director 502 STONECLIFFE PLACE, PORT MATILDA PA 16870
Jill Fortinsky Schwartz director 857 NANDY DRIVE, KINGSTON PA 18704
Michelle M Karas officer: Chief Operating Officer C/O PENNS WOODS BANCORP, INC., 300 MARKET STREET, WILLIAMSPORT PA 17703
Robert Q. Miller director 534 MUNRO ROAD, MILL HALL PA 17751

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