Jeffersonville Bancorp (Jeffersonville Bancorp) Long-Term Capital Lease Obligation : $0.43 Mil (As of Dec. 2022)

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What is Jeffersonville Bancorp Long-Term Capital Lease Obligation?

Jeffersonville Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.43 Mil.

Jeffersonville Bancorp's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2022 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Dec. 2022 ($0.43 Mil).

Jeffersonville Bancorp's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.50 Mil) to Dec. 2022 ($0.43 Mil) and declined from Dec. 2022 ($0.43 Mil) to Dec. 2023 ($0.35 Mil).

Jeffersonville Bancorp Long-Term Capital Lease Obligation Historical Data

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

Jeffersonville Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.61

0.57

0.50

0.43

0.35

Jeffersonville Bancorp Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.50	-	-	0.43	0.35

Jeffersonville Bancorp (OTCPK:JFBC) 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.

Jeffersonville Bancorp Long-Term Capital Lease Obligation Related Terms

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Jeffersonville Bancorp (Jeffersonville Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jeffersonville Bancorp (OTCPK:JFBC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4864 State Route 52, P.O. Box 398, Jeffersonville, NY, USA, 12748

Website

https://www.jeffbank.com

Jeffersonville Bancorp is a bank holding company whose principal activity is the ownership of all outstanding shares of the Bank's stock. The Bank is a commercial bank providing community banking services to individuals, small businesses, and local municipal governments in Sullivan County, New York. The services and products include personal checking, business checking, debit cards, credit cards, mortgages, personal loans, business loans, personal and business savings, mobile banking, and business services among others.

Executives

Raymond L Walter	director	P.O. BOX 398, JEFFERSONVILLE NY 12748
John A Russell	officer: Senior Vice President/CFO	26 COLEMAN STREET, PORT JERVIS NY 12771
Wayne V Zanetti	officer: Vice President	49 HASTINGS DRIVE, GRAHAMSVILLE NY 12740
Edward T Sykes	director	P.O. BOX 454, JEFFERSONVILLE NY 12748
James F Roche	director	5594 RT. 17B, CALLICOON NY 12723
John K Gempler	director	P.O. BOX 285, JEFFERSONVILLE NY 12748
Kinne George W Jr	officer: SVP/Senior Loan Officer	PO BOX 312, 9 MEADOW BROOK LANE, ROSCOE NY 12776-0312
Donald L Knack	director	PO BOX 446, JEFFERSONVILLE NY 12748
Earle A Wilde	director	P.O. BOX 386, JEFFERSONVILLE NY 12748
Douglas A Heinle	director	PO BOX 25, COCHECTON CENTER NY 12727
Kenneth C Klein	director	14 ST JOSEPHS ROAD, FORESTBURGH NY 12777
Tatiana C Hahn	officer: Senior Vice President/CLO	97 SANDER ROAD, JEFFERSONVILLE NY 12748
Solomon Katzoff	director	PO BOX 15, LAKE HUNTINGTON NY 12752
Gilbert E Weiss	other: Director Emeritus	P.O. BOX 398, JEFFERSONVILLE NY 12748
Gibson E Mckean	director	P.O. BOX 54, HIGHLAND LAKE NY 12743