Logansport Financial (Logansport Financial) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Logansport Financial Long-Term Capital Lease Obligation?

Logansport Financial's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Logansport Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Logansport 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.
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Logansport Financial Long-Term Capital Lease Obligation Chart

Logansport Financial Annual Data

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Long-Term Capital Lease Obligation

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Logansport Financial Semi-Annual Data
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Logansport Financial (OTCPK:LOGN) 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.

Logansport Financial Long-Term Capital Lease Obligation Related Terms

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Logansport Financial (Logansport Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Logansport Financial Corp (OTCPK:LOGN) » Definitions » Long-Term Capital Lease Obligation

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Address

723 East Broadway, Logansport, IN, USA, 46947

Website

https://www.logansportsavings.com

Logansport Financial Corp is the holding company for Logansport Savings Bank. It is engaged primarily in the business of attracting retail deposits from the public. The company provides Personal Banking; Personal Lending and Business Banking.

Executives

Allen D Schieber	officer: Senior Vice President	C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Thomas G Williams	director	C/O LOGANSPORT FINANCIAL CORP, 723 EAST BROADWAY, LOGANSPORT IN 46947
David G Wihebrink	director, officer: President and CEO	C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
William Jr Tinchler	director	C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Charles J Evans	director, officer: Senior Vice President	C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947