VersaBank (VersaBank) Effective Interest Rate on Debt % : 211.90% (As of Jan. 2017)

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What is VersaBank 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. VersaBank's annualized positive value of Interest Expense for the quarter that ended in Jan. 2017 was $22.58 Mil. VersaBank's average total debt for the quarter that ended in Jan. 2017 was $10.65 Mil. Therefore, VersaBank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2017 was 211.90%.

VersaBank Effective Interest Rate on Debt % Historical Data

The historical data trend for VersaBank'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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VersaBank Effective Interest Rate on Debt % Chart

VersaBank Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Effective Interest Rate on Debt %

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62.20

55.11

52.12

59.55

221.54

VersaBank Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															67.39	53.98	49.32	1.59	211.90

Competitive Comparison of VersaBank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, VersaBank'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.

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

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

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

VersaBank Effective Interest Rate on Debt % Calculation

VersaBank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2015 )	+	Total Debt (A: Oct. 2016 ))	/ count )
=	-1 * -23.589	/	( (10.679	+	10.616)	/ 2 )
=	-1 * -23.589	/	10.6475
=	221.54 %

where

	Total Debt (A: Oct. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.679	+	0
=	10.679

	Total Debt (A: Oct. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.616	+	0
=	10.616

VersaBank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2016 )	+	Total Debt (Q: Jan. 2017 ))	/ count )
=	-1 * -22.576	/	( (10.616	+	10.692)	/ 2 )
=	-1 * -22.576	/	10.654
=	211.90 %

where

	Total Debt (Q: Oct. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.616	+	0
=	10.616

	Total Debt (Q: Jan. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.692	+	0
=	10.692

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 (Jan. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

VersaBank (OTCPK:VRRKF) Effective Interest Rate on Debt % Explanation

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

VersaBank Effective Interest Rate on Debt % Related Terms

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VersaBank (VersaBank) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.versabank.com

Pacific & Western Credit Corp is a holding company. The Company's wholly-owned and main subsidiary is Pacific & Western Bank of Canada, which provides financial solutions to clients in selected niche markets. The Bank receives deposits through a diversified network of deposit brokers and is a member institution of the Canada Deposit Insurance Corporation ('CDIC'). The Bank invests these funds in loans, leases, commercial mortgages, residential development mortgages, equity and debt of corporations, and government guaranteed securities, all of which are selected to provide lower returns on equity but with limited risk of default. The Bank has two main business activities, namely deposit services and lending services. Deposit services are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through a diversified network of deposit brokers across Canada. The Bank's business is comprised of three core lending segments, being real estate lending, public sector lending and commercial lending. The Bank's real estate lending portfolio is organized into four categories, being land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages. The Bank provides land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages.