Endeavor Bancorp (Endeavor Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Endeavor Bancorp Long-Term Capital Lease Obligation?

Endeavor Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Endeavor Bancorp's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($1.60 Mil) but then declined from Dec. 2023 ($1.60 Mil) to Mar. 2024 ($0.00 Mil).

Endeavor Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.72 Mil) to Dec. 2022 ($1.43 Mil) but then increased from Dec. 2022 ($1.43 Mil) to Dec. 2023 ($1.60 Mil).

Endeavor Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Endeavor 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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Endeavor Bancorp Long-Term Capital Lease Obligation Chart

Endeavor Bancorp Annual Data

Trend

Dec18

Dec19

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.67

1.53

1.72

1.43

1.60

Endeavor Bancorp Quarterly Data
	Dec19	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	-	-	1.60	-

Endeavor Bancorp (OTCPK:EDVR) 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.

Endeavor Bancorp Long-Term Capital Lease Obligation Related Terms

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Endeavor Bancorp (Endeavor Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Endeavor Bancorp (OTCPK:EDVR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 B Street, Suite 3110, San Diego, CA, USA, 92101

Website

https://www.bankendeavor.com

Endeavor Bancorp provides banking services. It offers business services that include business checking accounts, business money market accounts, and others, personal services consists of personal checking accounts, personal saving accounts, and others, Digital banking comprises of Mobile banking, Pay bills, Positive Pay and other related services, and loan services consists of Working Capital Revolving Lines of Credit, Equipment and Fixed Asset Term Loans, and others.

Endeavor Bancorp (Endeavor Bancorp) Headlines

From GuruFocus

Endeavor Bancorp Reports Net Income of $1.22 Million for the Third Quarter of 2023; Results Highlighted by Double Digit Loan and Deposit Growth Year Over Year

By Marketwired • 10-23-2023

Endeavor Bank Announces 2021 Third Quarter Financial Results

By PRNewswire PRNewswire • 11-20-2021

/C O R R E C T I O N -- Endeavor Bank/

By PRNewswire PRNewswire • 11-22-2021