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DSBX (Dogwood State Bank) Long-Term Capital Lease Obligation : $10.49 Mil (As of Sep. 2024)


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What is Dogwood State Bank Long-Term Capital Lease Obligation?

Dogwood State Bank's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $10.49 Mil.

Dogwood State Bank's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($10.96 Mil) to Jun. 2024 ($10.73 Mil) and declined from Jun. 2024 ($10.73 Mil) to Sep. 2024 ($10.49 Mil).

Dogwood State Bank's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8.58 Mil) to Dec. 2022 ($9.73 Mil) and increased from Dec. 2022 ($9.73 Mil) to Dec. 2023 ($11.19 Mil).

Dogwood State Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dogwood State Bank'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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Dogwood State Bank Long-Term Capital Lease Obligation Chart

Dogwood State Bank Annual Data
Trend Dec05 Dec06 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 4.91 6.45 8.58 9.73 11.19

Dogwood State Bank Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.42 11.19 10.96 10.73 10.49

Dogwood State Bank  (OTCPK:DSBX) 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.

Dogwood State Bank Long-Term Capital Lease Obligation Related Terms

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Dogwood State Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dogwood State Bank (OTCPK:DSBX) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
5401 Six Forks Road, Suite 100, Raleigh, NC, USA, 27609
Website
https://www.dogwoodstatebank.com
Dogwood State Bank is a North Carolina state-chartered community bank. the bank provides a wide range of banking products and services through its digital offerings and seven branch offices in Charlotte, Fayetteville, Greenville, Morehead city, Raleigh, Sanford, and Wilmington, North Carolina. It also specializes in providing lending services to small businesses through its Dogwood State Bank small business lending division.