FCCTP.PFD (First Community Tn) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2024)

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What is First Community Tn Long-Term Capital Lease Obligation?

First Community Tn's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

First Community Tn Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Community Tn'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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First Community Tn Long-Term Capital Lease Obligation Chart

First Community Tn Annual Data

Trend

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Long-Term Capital Lease Obligation

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First Community Tn Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

First Community Tn (OTCPK:FCCTP.PFD) 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.

First Community Tn Long-Term Capital Lease Obligation Related Terms

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First Community Tn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Community Corp Tn (OTCPK:FCCTP.PFD) » Definitions » Long-Term Capital Lease Obligation

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FCCT:USA

Address

809 West Main Street, P.O. Box 820, Rogersville, TN, USA, 37857

Website

https://www.fcbanktn.com

First Community Corp Tn is a holding company. It provides commercial banking services. Its primary deposit products are demand and savings deposits and certificates of deposit, and its primary lending products are commercial, residential real estate, and consumer loans.

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