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CIBH (CIB Marine Bancshares) Effective Interest Rate on Debt % : 126.83% (As of Sep. 2024)


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What is CIB Marine 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. CIB Marine Bancshares's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $26.83 Mil. CIB Marine Bancshares's average total debt for the quarter that ended in Sep. 2024 was $21.15 Mil. Therefore, CIB Marine Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 126.83%.


CIB Marine Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for CIB Marine 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.

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CIB Marine Bancshares Effective Interest Rate on Debt % Chart

CIB Marine 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 6.61 3.83 1.44 2.73 13.11

CIB Marine Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 17.22 32.94 135.04 126.83

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

For the Banks - Regional subindustry, CIB Marine 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.


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

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

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


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CIB Marine Bancshares Effective Interest Rate on Debt % Calculation

CIB Marine 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  *  -17.614/( (124.882+143.754)/ 2 )
=-1  *  -17.614/134.318
=13.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=124.882 + 0
=124.882

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=98.754 + 45
=143.754

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -26.828/( (18.477+23.829)/ 2 )
=-1  *  -26.828/21.153
=126.83 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 18.477
=18.477

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 23.829
=23.829

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


CIB Marine Bancshares  (OTCPK:CIBH) Effective Interest Rate on Debt % Explanation

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


CIB Marine Bancshares Effective Interest Rate on Debt % Related Terms

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CIB Marine Bancshares Business Description

Traded in Other Exchanges
N/A
Address
19601 West Bluemound Road, Brookfield, WI, USA, 53045
CIB Marine Bancshares Inc is a financial service holding company. It provides a full range of banking and related services through its banking subsidiary. The primary sources of revenue are predominantly from loans to small and middle-market business customers, investments in securities, and mortgage banking activity. The Bank also offers a range of deposits and other financial products to its customers. Its offices and, generally, customers are in the central and northeastern Illinois, Milwaukee, and Indianapolis markets.
Executives
Mark Arthur Elste director 1930 WEST BLUEMOUND ROAD, SUITE D, WAUKESHA WI 53186
Paul Curtis Melnick officer: EVP & Chief Credit Officer 1930 WEST BLUEMOUND ROAD, SUITE D, WAUKESHA WI 53186
Willard Iii Bunn director 1930 WEST BLUEMOUND ROAD, SUITE D, WAUKESHA WI 53186
Charles David Mires director N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Ronald Eugene Rhoades director N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Charles E Baker director N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Charles J Ponicki officer: SVP, Chief Credit Officer 1930 WEST BLUEMOUND ROAD, SUITE D, WAUKESHA WI 53186
Edwin J. Depenbrok officer: SVP, Chief Financial Officer N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Hickey John P Jr officer: President and CEO 1930 WEST BLUEMOUND ROAD, SUITE D, WAUKESHA WI 53186
Merlon James Schuneman officer: EVP and Sr. Commercial Banker 525 WEST MONROE STREET, SUITE 560, CHICAGO IL 60661
Michael L Paoletta officer: SVP, Chief Credit Officer N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Daniel J Rasmussen officer: SVP and General Counsel N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Cib Marine Bancshares, Inc. officer: SVP and General Counsel N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Gary L Longman director N27 W24025 PAUL COURT, PEWAUKEE WI 53072
Steven C Hillard director C/O CENTRAL ILLINOIS BANCORP INC, N27 W24025 PAUL COURT, PEWAUKEE WI 53072