GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jeffersonville Bancorp (OTCPK:JFBC) » Definitions » Property, Plant and Equipment

Jeffersonville Bancorp (Jeffersonville Bancorp) Property, Plant and Equipment : $6.00 Mil (As of Jun. 2022)


View and export this data going back to 2012. Start your Free Trial

What is Jeffersonville Bancorp Property, Plant and Equipment?

Jeffersonville Bancorp's quarterly net PPE declined from Dec. 2021 ($6.13 Mil) to Mar. 2022 ($6.00 Mil) but then increased from Mar. 2022 ($6.00 Mil) to Jun. 2022 ($6.00 Mil).

Jeffersonville Bancorp's annual net PPE declined from Dec. 2020 ($6.63 Mil) to Dec. 2021 ($6.13 Mil) and declined from Dec. 2021 ($6.13 Mil) to Dec. 2022 ($5.56 Mil).


Jeffersonville Bancorp Property, Plant and Equipment Historical Data

The historical data trend for Jeffersonville Bancorp's Property, Plant and Equipment 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.

* Premium members only.

Jeffersonville Bancorp Property, Plant and Equipment Chart

Jeffersonville Bancorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.71 7.18 6.63 6.13 5.56

Jeffersonville Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.28 6.13 6.00 6.00 5.56

Jeffersonville Bancorp Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Jeffersonville Bancorp  (OTCPK:JFBC) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Jeffersonville Bancorp Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Jeffersonville Bancorp's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Jeffersonville Bancorp (Jeffersonville Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
4864 State Route 52, P.O. Box 398, Jeffersonville, NY, USA, 12748
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

Jeffersonville Bancorp (Jeffersonville Bancorp) Headlines

From GuruFocus

Jeffersonville Bancorp Announces Special Dividend of $0.10 per share

By Stock market mentor Stock market mentor 01-10-2023

Jeffersonville Bancorp Announces Record Earnings For 2019

By Marketwired Marketwired 02-11-2020