Unity Bancorp (Unity Bancorp) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2023)

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What is Unity Bancorp Long-Term Capital Lease Obligation?

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

Unity Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($5.3 Mil) to Dec. 2022 ($5.6 Mil) but then declined from Dec. 2022 ($5.6 Mil) to Dec. 2023 ($0.0 Mil).

Unity Bancorp Long-Term Capital Lease Obligation Historical Data

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

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.42

5.30

5.60

Unity Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.60	-	-	-	-

Unity Bancorp (NAS:UNTY) 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.

Unity Bancorp Long-Term Capital Lease Obligation Related Terms

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Unity Bancorp (Unity Bancorp) Business Description

Industry

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

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UTB:Germany

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

http://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

Executives

Daniel C Sharabba	officer: Senior Retail Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim	officer: Chief Credit Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Vincent Geraci	officer: Director of Mortgage Lending	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr.	director	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies	officer: Controller/FVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii	director, 10 percent owner	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas	director, 10 percent owner, other: Chairman of the Board	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
George Boyan	officer: Chief Financial Officer	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright	director	9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak	officer: EVP/COO	C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Janice Bolomey	officer: EVP/CAO	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan	officer: Chief Lending Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Stephen Rooney	officer: Chief Lending Officer/1st SVP	212 DOLSON AVENUE, MIDDLETOWN NY 10940
Mark S Brody	director
Laureen Cook	officer: Chief Accounting Officer	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809