MFBP (M & F Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2024)

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What is M & F Bancorp Long-Term Capital Lease Obligation?

M & F Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.

M & F Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for M & F 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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M & F Bancorp Long-Term Capital Lease Obligation Chart

M & F Bancorp Annual Data

Trend

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Long-Term Capital Lease Obligation

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M & F Bancorp Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

M & F Bancorp (OTCPK:MFBP) 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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M & F Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M & F Bancorp Inc (OTCPK:MFBP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2634 Durham Chapel Hill Boulevard, Suite 101, Durham, NC, USA, 27707

Website

https://www.mfbonline.com

M & F Bancorp Inc is a bank holding company. The Bank has seven branches in North Carolina: two in Durham, two in Raleigh, and one each in Charlotte, Greensboro, and Winston-Salem. The company operates as a single business segment and offers a wide variety of consumer and commercial banking services and products. The Bank offers banking services such as checking accounts, savings accounts, Negotiable Order of Withdrawal accounts, money market accounts, certificates of deposit, individual retirement accounts, equity lines of credit, credit lines, consumer loans, and credit cards.

Executives

Jonathan Sears Woodall

officer: SVP/CFO

5136 LINKSLAND DRIVE, HOLLY SPRINGS NC 27540