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United Bancshares (United Bancshares) Effective Interest Rate on Debt % : 105.41% (As of Mar. 2024)


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What is United Bancshares 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. United Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $18.89 Mil. United Bancshares's average total debt for the quarter that ended in Mar. 2024 was $17.92 Mil. Therefore, United Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 105.41%.


United Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for United Bancshares'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.

* Premium members only.

United Bancshares Effective Interest Rate on Debt % Chart

United Bancshares 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 11.90 15.13 15.09 16.09 73.12

United Bancshares 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 53.45 71.20 78.86 91.94 105.41

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

For the Banks - Regional subindustry, United Bancshares'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.


United Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



United Bancshares Effective Interest Rate on Debt % Calculation

United Bancshares'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  *  -14.094/( (20.509+18.043)/ 2 )
=-1  *  -14.094/19.276
=73.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.009 + 1.5
=20.509

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.043 + 0
=18.043

United Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -18.892/( (18.043+17.802)/ 2 )
=-1  *  -18.892/17.9225
=105.41 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.043 + 0
=18.043

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.802 + 0
=17.802

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


United Bancshares  (OTCPK:UBOH) Effective Interest Rate on Debt % Explanation

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


United Bancshares Effective Interest Rate on Debt % Related Terms

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United Bancshares (United Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
105 Progressive Drive, Columbus Grove, OH, USA, 45830
United Bancshares Inc is a bank holding company. The company provides commercial and retail banking services. It offers a range of commercial banking services, including checking accounts, savings and money market accounts, online banking, wealth management services and treasury management services. The company also provides commercial, consumer, agricultural, residential mortgage and home equity loans; certificates of deposit, safe deposit box rentals, and other personalized banking services.
Executives
H Edward Rigel director, other: Director of Subsidiary 9725 ROAD B, LEIPSIC OH 45856
Brian D Young officer: CFO 100 S. HIGH STREET, COLUMBUS GROVE OH 45830
Norman V Schnipke officer: Sr Compliance Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Heather Marie Oatman officer: Secretary 100 SOUTH HIGH STREET, COLUMBUS GROVE OH 45830
Stacey L Clemens officer: Chief Risk Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Brent D Nussbaum officer: Chief Information Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Teresa M Deitering officer: Chief Credit Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Klint D Manz officer: Chief Lending Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Travis E Vulich officer: SVP of Mortgage Division 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
John Patrick Miller officer: Chief Lending Officer 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
Curtis E Shepherd officer: EVP of Retail Banking
Stacy A Cox officer: CFO 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830
David P Roach director 1211 HEDRICK, DELPHOS OH 45833
Daniel J Lucke officer: Interim CFO 100 S. HIGH STREET, COLUMBUS GROVE OH 45830
Herbert H Huffman director 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830

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