Bay Banks of Virginia (Bay Banks of Virginia) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2020)

View and export this data going back to 2002. Start your Free Trial

What is Bay Banks of Virginia Long-Term Capital Lease Obligation?

Bay Banks of Virginia's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil.

Bay Banks of Virginia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bay Banks of Virginia'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.

* Premium members only.

Bay Banks of Virginia Long-Term Capital Lease Obligation Chart

Bay Banks of Virginia Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Bay Banks of Virginia Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Bay Banks of Virginia (OTCPK:BAYK) 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.

Bay Banks of Virginia Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Bay Banks of Virginia's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Bay Banks of Virginia (Bay Banks of Virginia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bay Banks of Virginia Inc (OTCPK:BAYK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1801 Bayberry Court, Suite 101, Richmond, VA, USA, 23226

Website

https://www.baybanks.com

Bay Banks of Virginia Inc is a bank holding company. It serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. The company products include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, insurance, credit cards, online banking, telephone banking, and mobile banking.

Executives

Randal R Greene	director, officer: President & CEO
John C Hodges	director	P. O. BOX 5 WHITE STONE VA 22578
Reynolds Randolph N Jr	director	3 PARTRIDGE HILL ROAD, RICHMOND VA 23238
Woolfolk D Kyle Jr	director	2340 BEL CREST CIRCLE MIDLOTHIAN VA 23113
Vance H Spilman	director	5417 CARY STREET ROAD, RICHMOND VA 23226
James P Vanlandingham	director	8817 HALIFAX ROAD PETERSBURG VA 23805
Scott C Frank Iii	director, officer: Chairman	528 HICKORY DRIVE, MANAKIN SABOT VA 23103
C. Dwight Clarke	director	P. O. BOX 1869 KILMARNOCK VA 22482
Elizabeth Hinton Crowther	director	P. O. BOX 1691, KILMARNOCK VA 22482
Julien G Patterson	director	P. O. BOX 1869, 100 S. MAIN STREET, KILMARNOCK VA 22482
Farmar Richard A Iii	director	P O BOX 1181, WARSAW VA 22572
Douglas F Jenkins	officer: Vice President	P. O. BOX 1869 KILMARNOCK VA 22482
Judy Carol Gavant	officer: EVP & CFO	ONE JAMES CENTER, 901 EAST CARY STREET, SUITE 1700, RICHMOND VA 23219
Eric F Nost	officer: Executive Officer	P. O. BOX 689 IRVINGTON VA 22480
Michael Harrison Troutman	officer: Executive Vice President	P. O. BOX 17310 RICHMOND VA 23226