Territorial Bancorp (Territorial Bancorp) Long-Term Capital Lease Obligation : $17.30 Mil (As of Dec. 2023)

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What is Territorial Bancorp Long-Term Capital Lease Obligation?

Territorial Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.30 Mil.

Territorial Bancorp's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($15.32 Mil) to Sep. 2023 ($17.39 Mil) but then declined from Sep. 2023 ($17.39 Mil) to Dec. 2023 ($17.30 Mil).

Territorial Bancorp's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($10.74 Mil) to Dec. 2022 ($15.30 Mil) and increased from Dec. 2022 ($15.30 Mil) to Dec. 2023 ($17.30 Mil).

Territorial Bancorp Long-Term Capital Lease Obligation Historical Data

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

Territorial Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.18

13.12

10.74

15.30

17.30

Territorial Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.30	14.72	15.32	17.39	17.30

Territorial Bancorp (NAS:TBNK) 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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Territorial Bancorp (Territorial Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

1003 Bishop Street, Suite 500, Pauahi Tower, Honolulu, HI, USA, 96813

Website

https://www.territorialsavings.net

Territorial Bancorp Inc operates as a bank holding company. It offers a wide variety of FDIC-insured deposit products and loan products for the consumer and small businesses. Its business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one-to four-family residential mortgage loans and investment securities. Its loan segment portfolio consists of Residential Mortgage; Construction, Commercial, and Other Mortgage Loans; Home Equity loans & line of credit; and Consumer & others.

Executives

Troy Yoshimasu	officer: Sr. VP/Chief Lending Officer	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Jan Sam	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Vernon Hirata	officer: Vice Chairman & Co-COO, other: Gen. Counsel & Secretary	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Ralph Y Nakatsuka	officer: Vice Chairman & Co-COO	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Howard Y Ikeda	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Allan S Kitagawa	director, officer: Chairman, President and CEO	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
David S Murakami	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
John M Ohama	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Kirk W Caldwell	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Jennifer Isobe	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Richard I Murakami	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Francis E. Tanaka	director	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Melvin M Miyamoto	officer: SVP and Treasurer	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Richard Kc Lau	officer: SVP	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813
Karen J Cox	officer: SVP	1132 BISHOP STREET, SUITE 2200, HONOLULU HI 96813