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SFSB (SFBI) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2009)


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What is SFSB Long-Term Capital Lease Obligation?

SFSB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2009 was $0.00 Mil.


SFSB Long-Term Capital Lease Obligation Historical Data

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

SFSB Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08
Long-Term Capital Lease Obligation
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SFSB Quarterly Data
Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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SFSB  (OTCPK:SFBI) 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.

SFSB Long-Term Capital Lease Obligation Related Terms

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SFSB (SFBI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SFSB Inc (OTCPK:SFBI) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
N/A
Address
1614 Churchville Road, Bel Air, MD, USA, 21015
SFSB Inc is a holding company engaged in the business of attracting deposits and investing those funds, together with funds generated from operations and borrowings in residential real estate & commercial mortgage loans.

SFSB (SFBI) Headlines

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