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

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What is Old Point Financial Long-Term Capital Lease Obligation?

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

Old Point Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Old Point 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.
* 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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Old Point Financial Long-Term Capital Lease Obligation Chart

Old Point Financial Annual Data

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Long-Term Capital Lease Obligation

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Old Point Financial Quarterly Data
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Old Point Financial (NAS:OPOF) 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.

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Old Point Financial (Old Point Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old Point Financial Corp (NAS:OPOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

101 East Queen Street, Hampton, VA, USA, 23669

Website

https://www.oldpoint.com

Old Point Financial Corp functions in the financial services domain in the United States. As the holding company of The Bank and Trust, it is a nationally chartered trust and wealth management service, provider. Its suite of services includes commercial banking solutions such as loan, deposit and cash management, which are rendered through a chain of branches throughout the country. It operates through segments such as Bank, Wealth and Company.

Executives

Sarah B Golden	director	PO BOX 3392, HAMPTON VA 23663
Tom B Langley	director	PO BOX 3392, HAMPTON VA 23663
Michael A Glasser	director	PO BOX 3392, HAMPTON VA 23663
Joseph R Witt	director, other: EVP, Corporate Banking, OPNB	PO BOX 3392, HAMPTON VA 23663
Paul M Pickett	officer: Chief Financial Officer	PO BOX 3392, HAMPTON VA 23663
Elizabeth S Wash	director	1104 WORMLEY CREEK DRIVE, YORKTOWN VA 23692
Pl Capital Advisors, Llc	10 percent owner	750 ELEVENTH STREET SOUTH, SUITE 202, NAPLES FL 34102
John Cabot Ishon	director	PO BOX 3392, HAMPTON VA 23663
Thacker Clark Rebekah Ellen	director	PO BOX 3392, HAMPTON VA 23663
Adams Stephen Conway	director	PO BOX 3392, HAMPTON VA 23663
Shuford Robert F Jr	other: EVP/CHIEF OPERATING OFFR-OPNB	PO BOX 3392, HAMPTON VA 23663
Greene Dr Arthur D	director	PO BOX 3392, HAMPTON VA 23663
John W Palmer	10 percent owner	C/O SECURITY FINANCIAL BANCORP INC, 9321 WICKER AVE, ST JOHN IN 46373
Richard J Lashley	10 percent owner	C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Kauders A Eric Jr	officer: SVP/Trust	101 E QUEEN ST, HAMPTON VA 23669