Bridge Bancorp (Bridge Bancorp) Long-Term Capital Lease Obligation : $47.4 Mil (As of Sep. 2020)

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What is Bridge Bancorp Long-Term Capital Lease Obligation?

Bridge Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $47.4 Mil.

Bridge Bancorp's quarterly Long-Term Capital Lease Obligation declined from Mar. 2020 ($44.6 Mil) to Jun. 2020 ($43.1 Mil) but then increased from Jun. 2020 ($43.1 Mil) to Sep. 2020 ($47.4 Mil).

Bridge Bancorp's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($0.0 Mil) but then increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($46.0 Mil).

Bridge Bancorp Long-Term Capital Lease Obligation Historical Data

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

Bridge Bancorp Annual Data

Trend

Dec11

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Dec13

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Dec15

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Dec17

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Dec20

Long-Term Capital Lease Obligation

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45.98

46.71

Bridge Bancorp Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															45.98	44.57	43.13	47.38	46.71

Bridge Bancorp (NAS:BDGE) 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.

Bridge Bancorp Long-Term Capital Lease Obligation Related Terms

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Bridge Bancorp (Bridge Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

2200 Montauk Highway, PO Box 3005, Bridgehampton, NY, USA, 11932

Website

https://www.bnbbank.com

Bridge Bancorp Inc is a holding company. The Bank, through its subsidiary, engages in full-service commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities in its market area. It services include business checking; business loan and mortgages; cash management; merchant services; title insurance services; foreign exchange services; equipment financing online banking and bill pay.

Executives

Basswood Capital Management, L.l.c.	director, 10 percent owner, officer: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Nathan Lindenbaum	10 percent owner	C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C., 645 MADISON AVENUE, NEW YORK NY 10022
Etzioni Partners, Llc	10 percent owner	C/O BASSWOOD CAPITAL MANAGEMENT, LLC, 645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10598
Raymond A Nielsen	director	BRIDGE BANCORP INC, 2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY 11932
Mgs Partners, Llc	10 percent owner	C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C, 645 MADISON AVENUE 10TH FLOOR, NEW YORK NY 10022
Basswood Financial Fund, Inc.	director, 10 percent owner, other: Director-by-Deputization	3RD FL., HARBOUR CENTRE, P.O. BOX 61, GEORGE TOWN E9 KY1-1102
Bennett D Lindenbaum	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Matthew A Lindenbaum	director, 10 percent owner	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Basswood Partners, L.l.c.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FL, NEW YORK NY 10022
Basswood Co-investment Fund, Ltd.	director, 10 percent owner, other: Director-by-Deputization	3RD FLOOR, HARBOUR CENTRE, GEORGETOWN, GRAND CAYMAN E9 KY1-1103
Daniel Rubin	director	2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY 11932
Basswood Enhanced Long Short Fund Lp	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Basswood Enhanced Long Short Gp, Llc	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FL., NEW YORK NY 10022
Basswood Financial Long Only Fund, L.p.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FL., NEW YORK NY 10022
Basswood Financial Fund, L.p.	director, 10 percent owner, other: Director-by-Deputization	645 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022