Poage Bankshares (Poage Bankshares) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2018)

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What is Poage Bankshares Long-Term Capital Lease Obligation?

Poage Bankshares's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.00 Mil.

Poage Bankshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for Poage Bankshares'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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Poage Bankshares Long-Term Capital Lease Obligation Chart

Poage Bankshares Annual Data

Trend

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Long-Term Capital Lease Obligation

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Poage Bankshares Quarterly Data
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Poage Bankshares (NAS:PBSK) 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.

Poage Bankshares Long-Term Capital Lease Obligation Related Terms

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Poage Bankshares (Poage Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Poage Bankshares Inc (NAS:PBSK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.townsquarebank.com

Poage Bankshares Inc is a holding company for Town square bank. The bank is involved in the business of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits together with funds generated from operations and borrowings, in family mortgage loans, commercial and multi-family real estate loans, industrial loans, consumer loans and other types of loans. It also purchases investment securities issued by United States Government agencies and government-sponsored enterprises and also obligations of state and political subdivisions. The bank provides financial services to the clients located in and around Ashland, Nicholasville and Mt. Sterling, Kentucky.

Executives

Thomas Burnette	director	1500 CARTER AVENUE, ASHLAND KY 41101
Coffman Ralph E Jr	director, officer: President and CEO

Poage Bankshares (Poage Bankshares) Headlines

From GuruFocus

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Poage Bankshares, Inc. - PBSK

By PRNewswire PRNewswire • 09-13-2018