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F & M Bank (F & M Bank) Effective Interest Rate on Debt % : 42.05% (As of Dec. 2023)


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What is F & M Bank 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. F & M Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $28.14 Mil. F & M Bank's average total debt for the quarter that ended in Dec. 2023 was $66.93 Mil. Therefore, F & M Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 42.05%.


F & M Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for F & M Bank'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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F & M Bank Effective Interest Rate on Debt % Chart

F & M Bank 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 10.22 11.88 15.65 14.69 34.30

F & M Bank 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 29.66 40.44 43.88 42.05 44.51

Competitive Comparison of F & M Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, F & M Bank'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.


F & M Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where F & M Bank's Effective Interest Rate on Debt % falls into.



F & M Bank Effective Interest Rate on Debt % Calculation

F & M Bank'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  *  -24.665/( (76.89+66.932)/ 2 )
=-1  *  -24.665/71.911
=34.30 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.932 + 60
=66.932

F & M Bank'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  *  -28.144/( (66.922+66.932)/ 2 )
=-1  *  -28.144/66.927
=42.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.922 + 60
=66.922

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.932 + 60
=66.932

* 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.


F & M Bank  (OTCPK:FMBM) Effective Interest Rate on Debt % Explanation

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


F & M Bank Effective Interest Rate on Debt % Related Terms

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F & M Bank (F & M Bank) Business Description

Industry
Traded in Other Exchanges
N/A
Address
205 South Main Street, P. O. Box 1111, Timberville, VA, USA, 22853
F & M Bank Corp is a single-bank holding company. The Company operates two business segments, commercial banking, through F and M Bank, and mortgage banking, through F and M Mortgage. The commercial banking segment includes both commercial and consumer lending and provides customers with products such as commercial loans, real estate loans, other business financing, and consumer loans. In addition, this segment provides customers with several choice deposit products, including demand deposit accounts, savings accounts, and certificates of deposit. The mortgage banking segment engages in the origination of residential mortgages for sale into the secondary market. Various other services are offered through TEB, FMFS, and VST.
Executives
Lisa F Campbell other: EVP/CFO 136 MILLSTONE ST., BRIDGEWATER VA 22812
John A Willingham director 925 MEADOW CT., WINCHESTER VA 22601
Kevin A. Russell other: Executive Vice President 4000 RUNNING BEAR DR., HARRISONBURG VA 22802
Larry A Caplinger officer: Sr Vice President PO BOX 274, TIMBERVILLE VA 22853
Aubrey M. Wilkerson other: Executive Vice President 961 MEADOW COURT, WINCHESTER VA 22601
Dean W Withers director 1685 BALD EAGLE CIRCLE, HARRISONBURG VA 22801
Christopher S. Runion director 5647 MOSSY CREEK ROAD, BRIDGEWATER VA 22812
Melody D. Emswiler other: Executive Vice President 19136 BOWERS LN, BROADWAY VA 22815
Stephanie E Shillingburg officer: Executive Vice President 1699 LAKEVIEW DRIVE, WOODSTOCK VA 22664
Mark Christopher Hanna officer: President/CEO 495 S. MASON ST., HARRISONBURG VA 22801
Daphyne S. Thomas director 1112 SHARPES DR., HARRISONBURG VA 22801
Hannah W. Hutman director 270 CAMPBELL ST., HARRISONBURG VA 22801
Ferris Garth Knight other: EVP, Chief Banking Officer 465 FREDERICK RD., ROCKINGHAM VA 22801
Paul E. Eberly other: Executive Vice President 4101 LEVI LN, ROCKINGHAM VA 22802
Edward Ray Burkholder director 1760 CHURCHVILLE AVENUE, STAUNTON VA 24401