CNB (CNBW) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2012)

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What is CNB Long-Term Capital Lease Obligation?

CNB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2012 was $0.00 Mil.

CNB Long-Term Capital Lease Obligation Historical Data

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

CNB Annual Data

Trend

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Long-Term Capital Lease Obligation

CNB Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													-	-	-	-	-

CNB (OTCPK:CNBW) 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.

CNB Long-Term Capital Lease Obligation Related Terms

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CNB (CNBW) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNB Corp (OTCPK:CNBW) » Definitions » Long-Term Capital Lease Obligation

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Address

1400 Third Avenue, P.O. Box 320, Conway, SC, USA, 29526

Website

http://www.conwaynationalbank.com

CNB Corp is an independent community bank engaged in the general commercial banking business. Some of the major services provided include checking accounts, money market deposit accounts, IRA accounts, Health Savings Accounts, savings and time deposits of various types and loans to individuals for personal use, home mortgages, home improvement, automobiles, real estate, agricultural purposes and business needs. The majority of the Bank's customers are individuals and small to medium-sized businesses.

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