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PLBC (Plumas Bancorp) Effective Interest Rate on Debt % : 13.26% (As of Dec. 2024)


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What is Plumas 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. Plumas Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $9.27 Mil. Plumas Bancorp's average total debt for the quarter that ended in Dec. 2024 was $69.87 Mil. Therefore, Plumas Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 13.26%.


Plumas Bancorp Effective Interest Rate on Debt % Historical Data

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

Plumas Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.59 8.87 12.11 9.29 16.02

Plumas Bancorp Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 14.55 8.62 7.58 9.76 13.26

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

For the Banks - Regional subindustry, Plumas 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.


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

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

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


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Plumas Bancorp Effective Interest Rate on Debt % Calculation

Plumas Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -10.634/( (93.001+39.759)/ 2 )
=-1  *  -10.634/66.38
=16.02 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93.001 + 0
=93.001

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.759 + 0
=39.759

Plumas Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -9.268/( (99.983+39.759)/ 2 )
=-1  *  -9.268/69.871
=13.26 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.983 + 0
=99.983

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.759 + 0
=39.759

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


Plumas Bancorp  (NAS:PLBC) Effective Interest Rate on Debt % Explanation

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


Plumas Bancorp Effective Interest Rate on Debt % Related Terms

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Plumas Bancorp Business Description

Industry
Traded in Other Exchanges
Address
5525 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
Plumas Bancorp provides various banking products and services in Northeastern California and Northwestern Nevada. It provides various deposit products such as checking, interest-bearing checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts. The bank's loan portfolio consists of commercial real estate loans; commercial and industrial loans; consumer loans; agricultural loans; residential real estate loans, and construction and land development loans. The bank generates revenue from loans and investment securities in its portfolio and, to a lesser extent, service fees.
Executives
Richard Francis Kenny director 5555 FLOWERING SAGE TRAIL, RENO NV 89511
Richard L Belstock officer: SVP, Interim CFO 35 S. LINDAN AVENUE, QUINCY CA 95971
Jeffrey T. Moore officer: EVP and CCO 2293 BALD HILL ROAD, AUBURN CA 95603
Bj North officer: EVP, Retail Banking Manager 35 S. LINDAN AVENUE, QUINCY CA 95971
Aaron M. Boigon officer: EVP, Chief Information Officer 35 S. LINDAN AVE., QUINCY CA 95971
Michonne R. Ascuaga director 695 JUNIPER HILL ROAD, RENO NV 89519-2929
Heidi S Gansert director 4470 MOUNTAINGATE DRIVE, RENO NV 89519
Julie Ann Morehead director PO BOX 3745, YUBA CITY CA 95992
Steven M. Coldani director 1806 W. KETTLEMAN LANE SUITE J, LODI CA 95242
William E Elliott director, officer: President & CEO C/O PLUMAS BANK, 35 S. LINDAN AVE, QUINCY CA 95971
Robert J Mcclintock director P.O. BOX 6179, 305 W. LAKE BLVD, TAHOE CITY CA 96145
Andrew J Ryback officer: SVP, Controller PLUMAS BANK, 35 S LINDAN AVE, QUINCY CA 95971
John Flournoy director P.O. BOX 96, LIKELY CA 96116-0096
Daniel E West director PO BOX 442, GRAEAGLE CA 96103
Cortopassi Family Trust 10 percent owner 11292 N ALPINE RD, STOCKTON CA 95212

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