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JSB Financial (JSB Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2007)


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What is JSB Financial Long-Term Capital Lease Obligation?

JSB Financial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2007 was $0.00 Mil.


JSB Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for JSB Financial'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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JSB Financial Long-Term Capital Lease Obligation Chart

JSB Financial Annual Data
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Long-Term Capital Lease Obligation

JSB Financial Quarterly Data
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JSB Financial  (OTCPK:JFWV) 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.

JSB Financial Long-Term Capital Lease Obligation Related Terms

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JSB Financial (JSB Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
105 East Washington Street, P.O. Box 35, Shepherdstown, WV, USA, 25443
JSB Financial Inc Formerly Jefferson Security Bank W Va provides a full range of banking services to individuals, agricultural businesses and commercial businesses located in its service area. The company accepts various deposit products, such as checking, savings, money market, individual retirement, certificates of deposit, and overdraft protection products. Its loan portfolio includes personal and vehicle, mortgage, construction, commercial, and other loans. The company also offers ATM, online and mobile banking, bill pay, e-statements, cash management, remote deposit capture services, credit and debit cards, as well as provides security tips.

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