BPRN (Princeton Bancorp) Long-Term Capital Lease Obligation : $22.24 Mil (As of Mar. 2025)

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What is Princeton Bancorp Long-Term Capital Lease Obligation?

Princeton Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $22.24 Mil.

Princeton Bancorp's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($23.63 Mil) to Dec. 2024 ($22.94 Mil) and declined from Dec. 2024 ($22.94 Mil) to Mar. 2025 ($22.24 Mil).

Princeton Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($16.77 Mil) to Dec. 2023 ($24.28 Mil) but then declined from Dec. 2023 ($24.28 Mil) to Dec. 2024 ($22.94 Mil).

Princeton Bancorp Long-Term Capital Lease Obligation Historical Data

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

Princeton Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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18.99

18.56

16.77

24.28

22.94

Princeton Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.64	23.02	23.63	22.94	22.24

Princeton Bancorp (NAS:BPRN) 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.

Princeton Bancorp Long-Term Capital Lease Obligation Related Terms

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Princeton Bancorp Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

183 Bayard Lane, Princeton, NJ, USA, 08540

Website

https://www.thebankofprinceton.com

Princeton Bancorp Inc is a banking company. It is a full-service financial institution that provides business and personal banking. Its personal banking and business banking services include checking accounts and savings accounts. It offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans, including home equity loans and lines of credit. The Bank also has two retail branches and conducts loan origination activities in select areas of the New York City metropolitan area.

Executives

Martin Tuchman	director	633 PROSPECT AVE, PRINCETON NJ 08540
Stephanie Adkins	officer: Chief Lending Officer	183 BAYARD LANE, PRINCETON NJ 08540
Christopher Tonkovich	officer: Chief Credit Officer	183 BAYARD LANE, PRINCETON NJ 08540
Daniel J. O'donnell	officer: Chief Operating Officer	183 BAYARD LANE, PRINCETON NJ 08540
Matthew T. Clark	officer: Chief Information Officer	183 BAYARD LANE, PRINCETON NJ 08540
Robert N. Ridolfi	director	183 BAYARD LANE, PRINCETON NJ 08540
Stephen Distler	director	183 BAYARD LANE, PRINCETON NJ 08540
Judith A. Giacin	director	183 BAYARD LANE, PRINCETON NJ 08540
Richard J. Gillespie	director	183 BAYARD LANE, PRINCETON NJ 08540
Ross Wishnick	director	FIRST WASHINGTON STATE BANK, RT 130 & MANIN STREET, WINDSOR NJ 08561
Stephen Shueh	director	183 BAYARD LANE, PRINCETON NJ 08540
George S. Rapp	officer: Chief Financial Officer	HARLEYSVILLE NATIONAL CORP, 483 MAIN STREET, HARLEYSVILLE PA 19438
Edward J Dietzler	director, officer: Chief Executive Officer	2465 KUSER ROAD, HAMILTON NJ 08690