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Blue Ridge Bankshares (Blue Ridge Bankshares) Effective Interest Rate on Debt % : 30.17% (As of Mar. 2024)


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What is Blue Ridge Bankshares 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. Blue Ridge Bankshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $88.7 Mil. Blue Ridge Bankshares's average total debt for the quarter that ended in Mar. 2024 was $294.1 Mil. Therefore, Blue Ridge Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 30.17%.


Blue Ridge Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Blue Ridge Bankshares'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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Blue Ridge Bankshares Effective Interest Rate on Debt % Chart

Blue Ridge Bankshares Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 8.76 7.12 10.91 8.19 24.54

Blue Ridge Bankshares 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 19.44 26.91 34.86 37.26 30.17

Competitive Comparison of Blue Ridge Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Blue Ridge Bankshares'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.


Blue Ridge Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Blue Ridge Bankshares Effective Interest Rate on Debt % Calculation

Blue Ridge Bankshares'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  *  -75.954/( (359.48+259.474)/ 2 )
=-1  *  -75.954/309.477
=24.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=359.48 + 0
=359.48

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.474 + 0
=259.474

Blue Ridge Bankshares'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  *  -88.728/( (259.474+328.708)/ 2 )
=-1  *  -88.728/294.091
=30.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.474 + 0
=259.474

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=328.708 + 0
=328.708

* 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.


Blue Ridge Bankshares  (AMEX:BRBS) Effective Interest Rate on Debt % Explanation

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


Blue Ridge Bankshares Effective Interest Rate on Debt % Related Terms

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Blue Ridge Bankshares (Blue Ridge Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
1807 Seminole Trail, Charlottesville, VA, USA, 22901
Blue Ridge Bankshares Inc is a United States-based company engaged in offering commercial and consumer banking and financial services through its wholly-owned bank subsidiary, Blue Ridge Bank, National Association, and its non-bank financial services affiliates. The bank offers services such as checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, investment accounts, insurance, credit cards, online banking, telephone banking, and mobile banking. Its primary source of revenue is interest income from the lending activities.
Executives
Brian K. Plum director, officer: CEO & President 17 WEST MAIN STREET, LURAY VA 22835
Robert S. Janney director 17 WEST MAIN STREET, LURAY VA 22835
Brett Raynor officer: Cheif Accounting Officer 17 WEST MAIN STREET, LURAY VA 22835
Lanell Deloach officer: Chief Credit Officer of Subsid 17 WEST MAIN STREET, LURAY VA 22835
Heather Cozart director 500 RAMBLEWOOD DRIVE, RALEIGH NC 27609
Otis Jones director 9118 AVOCET CT, CHESTERFIELD VA 23838
G William Beale officer: CEO of Bank Subsidiary 1051 E. CARY STREET, SUITE 1200, RICHMOND VA 23219
Vance H Spilman director 5417 CARY STREET ROAD, RICHMOND VA 23226
Andrew C. Holzwarth director 17 WEST MAIN STREET, LURAY VA 22835
William W. Stokes director 17 WEST MAIN STREET, LURAY VA 22835
Larry Dees director 17 WEST MAIN STREET, LURAY VA 22835
Mensel D Dean director 4095 VALLEY PIKE, WINCHESTER VA 22602
Carolyn J. Woodruff director 17 WEST MAIN STREET, LURAY VA 22835
Reynolds Randolph N Jr director 3 PARTRIDGE HILL ROAD, RICHMOND VA 23238
Farmar Richard A Iii director P O BOX 1181, WARSAW VA 22572

Blue Ridge Bankshares (Blue Ridge Bankshares) Headlines

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