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American Riviera Bancorp (American Riviera Bancorp) Effective Interest Rate on Debt % : 15.64% (As of Mar. 2024)


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What is American Riviera 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. American Riviera Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $17.38 Mil. American Riviera Bancorp's average total debt for the quarter that ended in Mar. 2024 was $111.11 Mil. Therefore, American Riviera Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.64%.


American Riviera Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for American Riviera 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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American Riviera Bancorp Effective Interest Rate on Debt % Chart

American Riviera Bancorp Annual Data
Trend Dec06 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 14.63 14.30 11.52 12.86 16.97

American Riviera Bancorp Quarterly Data
Dec18 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 11.02 12.13 15.56 16.71 15.64

Competitive Comparison of American Riviera Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, American Riviera 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.


American Riviera Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



American Riviera Bancorp Effective Interest Rate on Debt % Calculation

American Riviera 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  *  -11.395/( (25.069+109.218)/ 2 )
=-1  *  -11.395/67.1435
=16.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.069 + 0
=25.069

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.218 + 0
=109.218

American Riviera Bancorp'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  *  -17.376/( (109.218+113)/ 2 )
=-1  *  -17.376/111.109
=15.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.218 + 0
=109.218

* 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.


American Riviera Bancorp  (OTCPK:ARBV) Effective Interest Rate on Debt % Explanation

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


American Riviera Bancorp Effective Interest Rate on Debt % Related Terms

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American Riviera Bancorp (American Riviera Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 329, Santa Barbara, CA, USA, 93102
American Riviera Bancorp is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers in its community. It provides commercial, residential mortgage, construction, and Small Business Administration lending services as well as convenient online and mobile technology. The full-service branches are located in Santa Barbara, Montecito, Goleta, San Luis Obispo, and Paso Robles.

American Riviera Bancorp (American Riviera Bancorp) Headlines