MBINN.PFD (Merchants Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2024)

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What is Merchants Bancorp Long-Term Capital Lease Obligation?

Merchants Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.

Merchants Bancorp Long-Term Capital Lease Obligation Historical Data

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

Merchants Bancorp Annual Data

Trend

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Long-Term Capital Lease Obligation

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Merchants Bancorp Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Merchants Bancorp (NAS:MBINN.PFD) 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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Merchants Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Bancorp (NAS:MBINN.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MBINM.PFD:USA MBINO.PFD:USA MBIN:USA 3KD:Germany

Address

410 Monon Boulevard, Carmel, IN, USA, 46032

Website

https://www.merchantsbankofindiana.com

Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.

Executives

Thomas Dinwiddie	director	410 MONON BLVD, CARMEL IN 46032
Tamika Catchings	director	410 MONON BLVD, CARMEL IN 46032
Terry A Oznick	officer: SVP, General Counsel	410 MONON BLVD, CARMEL IN 46032
Martin A Schroeter	officer: President-Warehouse Lending	410 MONON BOULEVARD, CARMEL IN 46032
Randall D. Rogers	director, officer: Vice Chairman	410 MONON BLVD, CARMEL IN 46032
Andrew Juster	director	410 MONON BLVD, CARMEL IN 46032
Sue Anne Gilroy	director	410 MONON BLVD, CARMEL IN 46032
Anne E. Sellers	director	410 MONON BLVD, CARMEL IN 46032
David N. Shane	director	410 MONON BLVD, CARMEL IN 46032
Richard L. Belser	officer: SVP, Chief Credit Officer	11555 NORTH MERIDIAN STREET, SUITE 400, CARMEL IN 46032
Kevin T Langford	officer: Chief Administrative Officer	410 MONON BLVD, CARMEL IN 46032
John F. Macke	officer: Chief Financial Officer	410 MONON BLVD, CARMEL IN 46032
Susan Dehner Kucer	officer: Indianapolis Market President	410 MONON BLVD, CARMEL IN 46032
Scott A. Evans	director, officer: Lynn Market President	410 MONON BLVD, CARMEL IN 46032
Michael J. Dunlap	director, officer: President, COO	410 MONON BLVD, CARMEL IN 46032