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Ames National (Ames National) Effective Interest Rate on Debt % : 36.66% (As of Mar. 2024)


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What is Ames National 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. Ames National's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $36.82 Mil. Ames National's average total debt for the quarter that ended in Mar. 2024 was $100.44 Mil. Therefore, Ames National's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 36.66%.


Ames National Effective Interest Rate on Debt % Historical Data

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

Ames National 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 111.52 202.45 149.50 39.45 39.65

Ames National Quarterly Data
Jun19 Sep19 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 37.58 32.67 31.76 32.85 36.66

Competitive Comparison of Ames National's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Ames National'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.


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

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

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



Ames National Effective Interest Rate on Debt % Calculation

Ames National'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  *  -29.676/( (39.12+110.588)/ 2 )
=-1  *  -29.676/74.854
=39.65 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.588 + 0
=110.588

Ames National'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  *  -36.82/( (110.588+90.284)/ 2 )
=-1  *  -36.82/100.436
=36.66 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.588 + 0
=110.588

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.284 + 0
=90.284

* 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.


Ames National  (NAS:ATLO) Effective Interest Rate on Debt % Explanation

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


Ames National Effective Interest Rate on Debt % Related Terms

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Ames National (Ames National) Business Description

Industry
Traded in Other Exchanges
N/A
Address
405 5th Street, Box 846, Ames, IA, USA, 50010
Ames National Corporation is a United States-based bank holding company. Through its subsidiaries, it provides checking, savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit of payroll and social security checks, and automated/video teller machine access. Its loan portfolio comprises commercial, residential & agricultural real estate loans; agricultural & business operating loans & lines of credit; equipment loans; vehicle loans; personal loans; and mortgage loans. Its operations are conducted primarily in central, north central, and south-central Iowa.
Executives
Michelle R Cassabaum director PO BOX 846, AMES IA 50010
Jeffrey K Putzier other: President of Subsidiary Bank POST OFFICE BOX 846, AMES IA 50010
John Patrick Nelson officer: Vice President POST OFFICE BOX 846, AMES IA 50010
Scott T Bauer other: Ex VP of Subsidiary bank PO BOX 846, AMES IA 50010
Patrick G Hagan director PO BOX 846, AMES IA 50010
Kevin L Swartz director PO BOX 846, AMES IA 50010
Betty A Baudler director PO BOX 846, AMES IA 50010
Larson James R Ii director 3321 RIDGETOP RD, AMES IA 50014
Adam Snodgrass other: President of subsidiary bank PO BOX 846, AMES IA 50010
John L Pierschbacher officer: Controller C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVE PO BOX 1237, FORT DODGE IA 50501
Robert A Thomas other: President of subsidiary bank PO BOX 846, AMES IA 50010
Lisa M Eslinger director PO BOX 846, AMES IA 50014
Jeffery C Baker director PO BOX 846, AMES IA 50010
David W. Benson director PO BOX 846, AMES IA 50010
Dan E Johnson other: President of subsidiary bank PO BOX 846, AMES IA 50010