Summary of Rental Equipment |
Premises, furniture, and equipment consists of the following: | | | | | | | | | | | | | At September 30, | (Dollars in Thousands) | 2021 | | 2020 | Land | $ | 1,354 | | | $ | 1,354 | | Buildings | 21,196 | | | 20,170 | | Furniture, fixtures, and equipment | 76,662 | | | 67,302 | | | 99,212 | | | 88,826 | | Less: accumulated depreciation and amortization | (54,324) | | | (47,218) | | Net book value | $ | 44,888 | | | $ | 41,608 | |
Rental equipment consists of the following: | | | | | | | | | | | | | At September 30, | (Dollars in Thousands) | 2021 | | 2020 | Computers and IT networking equipment | $ | 17,683 | | | $ | 15,926 | | Motor vehicles and other | 87,396 | | | 52,913 | | Office furniture and equipment | 48,828 | | | 74,197 | | Solar panels and equipment | 125,457 | | | 118,808 | | Total | 279,364 | | | 261,844 | | | | | | Accumulated depreciation | (67,825) | | | (57,601) | | Unamortized initial direct costs | 1,577 | | | 1,721 | | Net book value | $ | 213,116 | | | $ | 205,964 | |
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Schedule of Operating Lease Payments |
Undiscounted future minimum lease payments expected to be received for operating leases at September 30, 2021 were as follows: | | | | | | (Dollars in Thousands) | | 2022 | $ | 34,532 | | 2023 | 29,709 | | 2024 | 21,762 | | 2025 | 15,602 | | 2026 | 9,069 | | Thereafter | 12,603 | | Total undiscounted future minimum lease payments receivable for operating leases | $ | 123,277 | |
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at September 30, 2021 were as follows: | | | | | | (Dollars in Thousands) | | 2022 | $ | 4,687 | | 2023 | 4,180 | | 2024 | 4,152 | | 2025 | 4,027 | | 2026 | 3,195 | | Thereafter | 21,732 | | Total undiscounted future minimum lease payments | 41,973 | | Discount | (5,423) | | Total operating lease liabilities | $ | 36,550 | |
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