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NorthEast Community Bancorp (NorthEast Community Bancorp) Effective Interest Rate on Debt % : 86.65% (As of Mar. 2024)


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What is NorthEast Community 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. NorthEast Community Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $52.5 Mil. NorthEast Community Bancorp's average total debt for the quarter that ended in Mar. 2024 was $60.6 Mil. Therefore, NorthEast Community Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 86.65%.


NorthEast Community Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for NorthEast Community 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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NorthEast Community Bancorp Effective Interest Rate on Debt % Chart

NorthEast Community Bancorp 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 46.23 36.85 16.28 29.55 75.83

NorthEast Community Bancorp Quarterly Data
Dec17 Dec18 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 111.59 184.13 96.22 70.25 86.65

Competitive Comparison of NorthEast Community Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, NorthEast Community 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.


NorthEast Community Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



NorthEast Community Bancorp Effective Interest Rate on Debt % Calculation

NorthEast Community 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  *  -35.297/( (23.896+69.196)/ 2 )
=-1  *  -35.297/46.546
=75.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23.896 + 0
=23.896

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.196 + 0
=69.196

NorthEast Community 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  *  -52.54/( (69.196+52.077)/ 2 )
=-1  *  -52.54/60.6365
=86.65 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.196 + 0
=69.196

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.077 + 0
=52.077

* 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.


NorthEast Community Bancorp  (NAS:NECB) Effective Interest Rate on Debt % Explanation

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


NorthEast Community Bancorp Effective Interest Rate on Debt % Related Terms

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NorthEast Community Bancorp (NorthEast Community Bancorp) Business Description

Traded in Other Exchanges
Address
325 Hamilton Avenue, White Plains, NY, USA, 10601
NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.
Executives
Charles A Martinek director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Charles Michael Cirillo director C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth H Thomas director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Linda M Swan director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth A Martinek director, officer: Chairman and CEO 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
John F Mckenzie director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kevin Patrick Omalley director C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Diane B Cavanaugh director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Donald S Hom officer: EVP and CFO 325 HAMILTON AVE, WHITE PLAINS NY 10601
Jose M Collazo director, officer: President and COO 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Eugene M Magier director 325 HAMILTON AVENUE, WHITE PLAINS NY 10601