John Marshall Bancorp (John Marshall Bancorp) Long-Term Capital Lease Obligation : $4.45 Mil (As of Dec. 2023)

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What is John Marshall Bancorp Long-Term Capital Lease Obligation?

John Marshall Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.45 Mil.

John Marshall Bancorp's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4.73 Mil) to Sep. 2023 ($4.42 Mil) but then increased from Sep. 2023 ($4.42 Mil) to Dec. 2023 ($4.45 Mil).

John Marshall Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($5.18 Mil) to Dec. 2022 ($4.86 Mil) and declined from Dec. 2022 ($4.86 Mil) to Dec. 2023 ($4.45 Mil).

John Marshall Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for John Marshall Bancorp's Long-Term Capital Lease Obligation 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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John Marshall Bancorp Long-Term Capital Lease Obligation Chart

John Marshall Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.47

6.21

5.18

4.86

4.45

John Marshall Bancorp Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.86	5.04	4.73	4.42	4.45

John Marshall Bancorp (NAS:JMSB) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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John Marshall Bancorp (John Marshall Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » John Marshall Bancorp Inc (NAS:JMSB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 Isaac Newton Square E, Suite 100, Reston, VA, USA, 20190

Website

http://www.johnmarshallbank.com

John Marshall Bancorp Inc provides banking services. The company offers personal and commercial banking services including checking and deposits services, lending solutions, cash management, personal loans, and other financial services. The firm serves local businesses, professionals, individuals, and families throughout the Washington, D.C. metropolitan area.

Executives

Jonathan Craig Kinney	director	2000 NORTH 14TH STREET SUITE 100, ARLINGTON VA 22201
Lim Nguonly	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Philip Chase	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Kelly Jo Bell	officer: Chief Operating Officer	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Carl E Dodson	officer: Chief Operating Officer & CRO	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Michael A Garcia	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Christopher W Bergstrom	director, officer: Chief Executive Officer	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Jean Edelman	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Kent Carstater	officer: Chief Financial Officer	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Andrew Peden	officer: Chief Lending Officer	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Subhash Garg	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Oscar Leland Mahan	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Ronald J Gordon	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
Michael T Foster	director	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190
William Ridenour	officer: Chief Banking Officer	1943 ISAAC NEWTON SQUARE EAST, SUITE 100, RESTON VA 20190