Orrstown Financial Services (Orrstown Financial Services) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Orrstown Financial Services Long-Term Capital Lease Obligation?

Orrstown Financial Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

Orrstown Financial Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orrstown Financial Services'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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Orrstown Financial Services Long-Term Capital Lease Obligation Chart

Orrstown Financial Services Annual Data

Trend

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Long-Term Capital Lease Obligation

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Orrstown Financial Services Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Orrstown Financial Services (NAS:ORRF) 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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Orrstown Financial Services (Orrstown Financial Services) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257

Website

https://www.orrstown.com

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.

Executives

Floyd E Stoner	director	3402 HOLLY STREET, ALEXANDRIA VA 22305-1900
Thomas D Longenecker	director	77 EAST KING STREET, P. O. BOX 250, SHIPPENSBURG PA 17257
Sean Mulcahy	officer: Chief Accounting Officer	77 EAST KING STREET, SHIPPENSBURG PA 17257
Robert G Coradi	officer: Chief Risk Officer	1009 STONECROFT DRIVE, HANOVER PA 17331
Matthew Dyckman	officer: EVP, General Counsel	C/O ORRSTOWN FINANCIAL SERVICES INC., 77 EAST KING STREET, P.O. BOX 250, SHIPPENSBERG PA 17257
Christopher D Holt	officer: Executive Vice President	77 EAST KING STREET, CHAMBERSBURG PA 17257
Neelesh Kalani	officer: Chief Accounting Officer	SUN BANCORP, INC., 226 LANDIS AVENUE, VINELAND PA 19087
Quinn Thomas R Jr	officer: President/CEO	61 ASHTON STREET, CARLISLE PA 17013
David Todd Hornberger	officer: Executive Vice President	77 EAST KING STREET, SHIPPENSBURG PA 17257
Jeffrey S Gayman	officer: Senior Vice President	70 PINE CREEK DRIVE, CARLISLE PA 17013
Philip E Fague	officer: Executive Vice President	9754 FOREST RIDGE ROAD, SHIPPENSBURG PA 17257
Meera R Modi	director	4750 LINDLE ROAD, HARRISBURG PA 17111
Cindy Jeannette Joiner	director	77 EAST KING STREET, P O BOX 250, SHIPPENSBURG PA 17257
Joel R Zullinger	director	1441 EDGAR AVE, CHAMBERSBURGH PA 17201
Andrea L Pugh	director	7970 EBENEZER ROAD, ORRSTOWN PA 17244