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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)


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What is 1st Summit Bancorp Johnstown 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. 1st Summit Bancorp Johnstown's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $27.62 Mil. 1st Summit Bancorp Johnstown's average total debt for the quarter that ended in Sep. 2023 was $0.00 Mil. Therefore, 1st Summit Bancorp Johnstown's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was N/A%.


1st Summit Bancorp Johnstown Effective Interest Rate on Debt % Historical Data

The historical data trend for 1st Summit Bancorp Johnstown'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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1st Summit Bancorp Johnstown Effective Interest Rate on Debt % Chart

1st Summit Bancorp Johnstown Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
27.02 25.52 15.68 11.42

1st Summit Bancorp Johnstown Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - 14.26 20.08 - -

Competitive Comparison of 1st Summit Bancorp Johnstown's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, 1st Summit Bancorp Johnstown'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.


1st Summit Bancorp Johnstown's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Summit Bancorp Johnstown's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 1st Summit Bancorp Johnstown's Effective Interest Rate on Debt % falls into.



1st Summit Bancorp Johnstown Effective Interest Rate on Debt % Calculation

1st Summit Bancorp Johnstown's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -8.159/( (50.017+92.919)/ 2 )
=-1  *  -8.159/71.468
=11.42 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=34.617 + 15.4
=50.017

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.03 + 61.889
=92.919

1st Summit Bancorp Johnstown's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -27.62/( (0+0)/ 1 )
=-1  *  -27.62/0
=N/A %

where

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


1st Summit Bancorp Johnstown  (OTCPK:FSMK) Effective Interest Rate on Debt % Explanation

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


1st Summit Bancorp Johnstown Effective Interest Rate on Debt % Related Terms

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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Business Description

Traded in Other Exchanges
N/A
Address
125 Donald Lane, P.O. Box 5480, Johnstown, PA, USA, 15904
1st Summit Bancorp Johnstown Inc through its subsidiaries provides banking, trust, financial and investment services to individuals and businesses. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, bill consolidation, credit line, and educational loans; home equity loans; home equity line of credit; home mortgage loans; mortgage construction; business lines of credit; residential real estate loans; residential and commercial mortgage; equipment loans; equipment leasing; small business administration loans; and commercial vehicle loans.

1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Headlines

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