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PacWest Bancorp (PacWest Bancorp) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2023)


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What is PacWest Bancorp Long-Term Capital Lease Obligation?

PacWest Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.


PacWest Bancorp Long-Term Capital Lease Obligation Historical Data

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

PacWest Bancorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
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PacWest Bancorp Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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PacWest Bancorp  (NAS:PACW) 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.

PacWest Bancorp Long-Term Capital Lease Obligation Related Terms

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PacWest Bancorp (PacWest Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
9701 Wilshire Boulevard, Suite 700, Beverly Hills, CA, USA, 90212
PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank. The bank has tens of full-service branches mostly located throughout California. The bank provides commercial banking services, including real estate, construction, and commercial loans, as well as comprehensive deposit and treasury management services, to small and midsize businesses. The Bank also provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses. The vast majority of the bank's net revenue comes from net interest income.
Executives
Christopher D Blake officer: Exec VP, Director of HR PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Mark Yung director C/O 335 CONNIE CRESENT, CONCORD A6 L4K 5R2
Eggemeyer John M Iii director PO BOX 1329, RANCHO SANTA FE CA 92067
Craig A Carlson director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Susan E Lester director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
C William Hosler director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul Robert Burke director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
William J Black officer: EVP, Strategy & Corp. Dev. PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul W Taylor director 1331 SEVENTEENTH STREET,, SUITE 200, DENVER CO 80202
Stephanie B Mudick director C/O THE STUDENT LOAN CORPORATION, 750 WASHINGTON BLVD., 9TH FLOOR, STAMFORD CT 06897
Matthew P Wagner director, officer: CEO and President PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Kevin L Thompson officer: EVP, CHIEF FINANCIAL OFFICER 18101 VON KARMAN AVENUE, STE. 750, IRVINE CA 92612
Stanley R Ivie officer: EVP, Chief Risk Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Bryan M Corsini officer: EVP & Chief Credit Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Daniel B Platt director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212

PacWest Bancorp (PacWest Bancorp) Headlines

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