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Sachem Capital (Sachem Capital) Net Interest Margin (Bank Only) % : 3.94% (As of Mar. 2024)


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What is Sachem Capital Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Sachem Capital's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $20.69 Mil. Sachem Capital's average earning assets for the quarter that ended in Mar. 2024 was $525.31 Mil. Therefore, Sachem Capital's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 3.94%.


Sachem Capital Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Sachem Capital's Net Interest Margin (Bank Only) % 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.

* Premium members only.

Sachem Capital Net Interest Margin (Bank Only) % Chart

Sachem Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.20 5.46 4.35 5.03 3.96

Sachem Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % 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 3.30 3.61 4.90 3.47 3.94

Competitive Comparison of Sachem Capital's Net Interest Margin (Bank Only) %

For the REIT - Mortgage subindustry, Sachem Capital's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % 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.


Sachem Capital's Net Interest Margin (Bank Only) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sachem Capital's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Sachem Capital's Net Interest Margin (Bank Only) % falls into.



Sachem Capital Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Sachem Capital's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=20.075/( (485.209 + 529.488)/ 2 )
=20.075/507.3485
=3.96 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 460.633 + 24.576
=485.209

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 491.712 + 37.776
=529.488

Sachem Capital's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=20.688/( (529.488 + 521.123)/ 2 )
=20.688/525.3055
=3.94 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 491.712 + 37.776
=529.488

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 482.69 + 38.433
=521.123

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Sachem Capital  (AMEX:SACH) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Sachem Capital Net Interest Margin (Bank Only) % Related Terms

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Sachem Capital (Sachem Capital) Business Description

Industry
Traded in Other Exchanges
Address
538 East Main Street, Branford, CT, USA, 06405
Sachem Capital Corp is a United States-based real estate investment trust. The company specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Its primary objective is to grow the loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long term through dividends. The company earns majority of its revenue through Interest income from loans.
Executives
Leslie Bernhard director C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019
Brian A Prinz director C/O SACHEM CAPITAL CORP., 23 LAUREL, BRANFORD CT 06405
Arthur L Goldberg director C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
William C Haydon officer: See Remarks C/O SACHEM CAPITAL CORP., 698 MAIN STREET, BRANFORD CT 06405
John E Warch officer: See Remarks FALCON FINANCIAL INVESTMENT TRUST, 15 COMMERCE RD, STAMFORD CT 06902
John L. Villano director, officer: Chairman, CEO, President & CFO 23 LAUREL STREET, BRANFORD CT 06405
Peter J Cuozzo officer: EVP and COO C/O SACHEM CAPITAL CORP., 698 MAIN STREET, BRANFORD CT 06405
Jeffrey C Villano director, 10 percent owner, officer: President,co-CEO and Treasurer 23 LAUREL STREET, BRANFORD CT 06405

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