Grand River Commerce (Grand River Commerce) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Grand River Commerce Long-Term Capital Lease Obligation?

Grand River Commerce's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Grand River Commerce Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand River Commerce'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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Grand River Commerce Long-Term Capital Lease Obligation Chart

Grand River Commerce Annual Data

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Long-Term Capital Lease Obligation

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Grand River Commerce Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Grand River Commerce (OTCPK:GNRV) 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.

Grand River Commerce Long-Term Capital Lease Obligation Related Terms

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Grand River Commerce (Grand River Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grand River Commerce Inc (OTCPK:GNRV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4471 Wilson Avenue, South West, Grandville, MI, USA, 49418

Website

https://www.grandriverbank.com

Grand River Commerce Inc is a United States based bank holding company. It operates a full-service commercial bank and offers a range of commercial and consumer banking services to businesses, professionals, and local residents. The bank's deposit products are Interest and Non-interest bearing checking accounts, Savings accounts and Time deposits, and its primary lending products are Real estate mortgages, Commercial and Consumer loans. The company's prime source of revenue is the interest income.

Executives

Patrick K Gill	officer: PRES/CEO - Grand River Bank
Thomas Patrick Jeakle	director	333 BRIDGE NW, 11TH FLOOR, GRAND RAPIDS MI 49504
Randall L Hartgerink	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Ted Kortes	director	PO BOX 100, MT. PLEASANT MI 48804-0100
Blauw Richard James Jr	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Roger Lee Roode	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jerry Andrew Sytsma	director, officer: VICE PRESIDENT, SECRETARY	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Robert Paul Bilotti	director, officer: CHAIRMAN, PRESIDENT AND CEO	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jeffrey Alan Elders	director, officer: Treasurer	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
David Kenneth Hovingh	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Cheryl Mae Blouw	director	4471 WISLON AVENUE SW, GRANDVILLE MI 49418
David Harold Blossey	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Lawrence Barcley Fitch	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Elizabeth Claire Bracken	officer: Chief Financial Officer	4471 WILSON AVE. SW, GRANDVILLE MI 49418
Mark Arden Martis	officer: CLO for Grand River Bank	4471 WILSON AVE SW, GRANDVILLE MI 49418

Grand River Commerce (Grand River Commerce) Headlines

From GuruFocus

Grand River Commerce, Inc. to Webcast Live at VirtualInvestorConferences.com September 26th

By PRNewswire PRNewswire • 09-23-2019