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Southern Calif Bancorp (Southern Calif Bancorp) Effective Interest Rate on Debt % : 50.29% (As of Mar. 2024)


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What is Southern Calif 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. Southern Calif Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $43.08 Mil. Southern Calif Bancorp's average total debt for the quarter that ended in Mar. 2024 was $85.66 Mil. Therefore, Southern Calif Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 50.29%.


Southern Calif Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Southern Calif 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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Southern Calif Bancorp Effective Interest Rate on Debt % Chart

Southern Calif Bancorp Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - - - 7.34 30.32

Southern Calif Bancorp Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 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 32.11 76.01 80.51 52.18 50.29

Competitive Comparison of Southern Calif Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Southern Calif 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.


Southern Calif Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Southern Calif Bancorp Effective Interest Rate on Debt % Calculation

Southern Calif 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  *  -29.384/( (78.825+114.982)/ 2 )
=-1  *  -29.384/96.9035
=30.32 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=78.825 + 0
=78.825

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.982 + 0
=114.982

Southern Calif 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  *  -43.08/( (114.982+56.329)/ 2 )
=-1  *  -43.08/85.6555
=50.29 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.982 + 0
=114.982

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=56.329 + 0
=56.329

* 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.


Southern Calif Bancorp  (NAS:BCAL) Effective Interest Rate on Debt % Explanation

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


Southern Calif Bancorp Effective Interest Rate on Debt % Related Terms

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Southern Calif Bancorp (Southern Calif Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3142 Tiger Run Court, Suite 107, Carlsbad, CA, USA, 92010
Southern Calif Bancorp is committed towards serving the business, professional and personal banking needs of the vibrant Southern California communities. It provides a full-range of banking services - deposit accounts. financial products and services to individuals, professionals, and small- to medium-sized businesses.
Executives
Peter Nutz officer: EVP/ Chief Credit Officer 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Ricardo Martin director 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Anne A Williams director, officer: EVP / Chief Credit Officer C/O CU BANCORP, 15821 VENTURA BOULEVARD, SUITE 100, ENCINO CA 91436
John Farkash director, 10 percent owner 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Joann Yeung officer: SVP / Chief Accounting Officer 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Tomaso Frank Di director, officer: Executive Director 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Lester Machado director 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Martin Liska officer: EVP / Chief Risk Officer 355 S. GRAND AVE SUITE 1200, LOS ANGELES CA 90071
Richard Hernandez officer: President 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Irwin Golds director 355 S. GRAND AVE SUITE 1200, LOS ANGELES CA 90071
Manisha Merchant officer: EVP / Chief Legal Officer 355 S. GRAND AVE, SUITE 1200, LOS ANGELES CA 90071
Kaveh Varjavand director 15821 VENTURA BOULEVARD, SUITE 100, ENCINO CA 91436
Castle Creek Capital Partners Vi, Lp 10 percent owner 6051 EL TORDO, RANCHO SANTA FE CA 92067
Anita Wolman director C/O CU BANCORP, 15821 VENTURA BOULEVARD, SUITE 100, ENCINO CA 91436
David I Rainer director, officer: CEO/Chairman C/O CU BANCORP, 15821 VENTURA BOULEVARD, SUITE 100, ENCINO CA 91436