First Berlin Bancorp (First Berlin Bancorp) Long-Term Capital Lease Obligation : $0.03 Mil (As of Mar. 2024)

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What is First Berlin Bancorp Long-Term Capital Lease Obligation?

First Berlin Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.03 Mil.

First Berlin Bancorp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.04 Mil) to Dec. 2023 ($0.03 Mil) and declined from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($0.03 Mil).

First Berlin Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.13 Mil) to Dec. 2022 ($0.06 Mil) and declined from Dec. 2022 ($0.06 Mil) to Dec. 2023 ($0.03 Mil).

First Berlin Bancorp Long-Term Capital Lease Obligation Historical Data

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

First Berlin Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.13

0.06

0.03

First Berlin Bancorp Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.05	0.05	0.04	0.03	0.03

First Berlin Bancorp (OTCPK:FTFI) 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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First Berlin Bancorp (First Berlin Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Berlin Bancorp Inc (OTCPK:FTFI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

140 W Huron Street, Berlin, WI, USA, 54923

Website

https://www.fortifibank.com

First Berlin Bancorp Inc provides a full range of banking products and services to businesses and consumers through a nine-branch network ranging from south-central to northeast Wisconsin. Some of its services include Checking Accounts; Personal, Home and Auto Loans; Treasury Management; Online and Mobile Banking, and others.

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