Solvay Bank (Solvay Bank) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2010)

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What is Solvay 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. Solvay Bank's annualized positive value of Interest Expense for the quarter that ended in Sep. 2010 was $5.77 Mil. Solvay Bank's average total debt for the quarter that ended in Sep. 2010 was $0.00 Mil. Therefore, Solvay Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2010 was N/A%.

Solvay Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Solvay 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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Solvay Bank Effective Interest Rate on Debt % Chart

Solvay Bank Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Effective Interest Rate on Debt %

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202.16

146.50

Solvay Bank Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Dec08	Mar09	Dec09	Mar10	Jun10	Sep10
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															152.16	-	-	-	-

Competitive Comparison of Solvay Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Solvay 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.

Solvay Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Solvay Bank Effective Interest Rate on Debt % Calculation

Solvay Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2009 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2008 )	+	Total Debt (A: Dec. 2009 ))	/ count )
=	-1 * -7.325	/	( (5	+	0)	/ 1 )
=	-1 * -7.325	/	5
=	146.50 %

where

	Total Debt (A: Dec. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5	+	0
=	5

	Total Debt (A: Dec. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Solvay Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2010 )	+	Total Debt (Q: Sep. 2010 ))	/ count )
=	-1 * -5.768	/	( (0	+	0)	/ 1 )
=	-1 * -5.768	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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. 2010) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Solvay Bank (OTCPK:SOBS) Effective Interest Rate on Debt % Explanation

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

Solvay Bank Effective Interest Rate on Debt % Related Terms

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Solvay Bank (Solvay Bank) Business Description

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Traded in Other Exchanges

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Address

1537 Milton Avenue, Solvay, NY, USA, 13209

Website

https://www.solvaybank.com

Solvay Bank is a United States based community bank. It offers personal and business banking services. The bank provides business loans, deposit accounts, small business administration, commercial real estate, special lending programs, electronic services, merchant services and other banking services. The objectives of the Company's security portfolio are to provide liquidity for future funding needs, a safe and lower-risk investment alternative for idle funds, and a stable source of core earnings.