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Waynevings Bancshares (Waynevings Bancshares) Effective Interest Rate on Debt %

: 25.33% (As of Dec. 2023)
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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. Waynevings Bancshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $17.32 Mil. Waynevings Bancshares's average total debt for the quarter that ended in Dec. 2023 was $68.38 Mil. Therefore, Waynevings Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.33%.


Waynevings Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Waynevings 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.

Waynevings Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.03 13.71 12.55 8.40 24.49

Waynevings Bancshares 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 % 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 Premium Member Only Premium Member Only Premium Member Only 9.36 12.85 15.76 17.69 25.33

Competitive Comparison

For the Banks - Regional subindustry, Waynevings 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.


Waynevings Bancshares Effective Interest Rate on Debt % Distribution

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

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



Waynevings Bancshares Effective Interest Rate on Debt % Calculation

Waynevings 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  *  -12.92/( (58.5+47)/ 2 )
=-1  *  -12.92/52.75
=24.49 %

where

Waynevings Bancshares'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  *  -17.32/( (89.756+47)/ 2 )
=-1  *  -17.32/68.378
=25.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=80 + 9.756
=89.756

* 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.


Waynevings Bancshares  (OTCPK:WAYN) Effective Interest Rate on Debt % Explanation

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


Waynevings Bancshares Effective Interest Rate on Debt % Related Terms

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Waynevings Bancshares (Waynevings Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
151 North Market Street, Wooster, OH, USA, 44691
Wayne Savings Bancshares Inc a bank holding company. It offers services such as checking accounts, savings, business loans, online banking, mobile banking, and overdraft protection among others. The bank generates its revenue in the form of interest income.
Executives
Joel Dale Beckler officer: SVP, Senior Loan Officer 3058 BAYBERRY COVE, WOOSTER OH 44691
Brian Hopkins director 6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
James R Vansickle director, officer: President and CEO 112 WEST MARKET STREET, PO BOX 57, ORRVILLE OH 44667
Glenn W Miller director 151 N MARKET ST, WOOSTER OH 44691
David L Lehman director 151 N MARKET ST, WOOSTER OH 44691
Myron L Swartzentruber officer: Senior Vice Preisdent/CFO C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Debra A Marthey director 151 N MARKET ST, WOOSTER OH 44691
Jonathan Ciccotelli director C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Rod C Steiger director
Daniel R Buehler director WAYNE SAVINGS BANCSHARES INC, 151 NORTH MARKET STREET, WOOSTER OH 44691
Steven G Dimos officer: EVP/Chief Operations Officer C/O WAYNE SAVINGS COMMUNITY BANK, 151 NORTH MARKET STREET, WOOSTER OH 44691
Peggy J Schmitz director WAYNE SAVINGS COMMUNITY BANK, 151 N MARKET STREET, WOOSTER OH 44691
Bryan K Fehr officer: See footnote (1) 151 N MARKET STREET, WOOSTER OH 44691
Fitz Gibbon H Stewart Iii officer: See footnote (1) WAYNE SAVINGS BANCSHARES, 151 N. MARKET STREET, WOOSTER OH 44691
Phillip E Becker officer: EVP/CHIEF LENDING OFFICER WAYNE SAVINGS BANCSHARES INC, 151 N. MARKET STREET, WOOSTER OH 44691