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1st Colonial Bancorp (1st Colonial Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2017)


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What is 1st Colonial Bancorp Long-Term Capital Lease Obligation?

1st Colonial Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2017 was $0.00 Mil.


1st Colonial Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for 1st Colonial Bancorp'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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1st Colonial Bancorp Long-Term Capital Lease Obligation Chart

1st Colonial Bancorp Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Long-Term Capital Lease Obligation
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1st Colonial Bancorp Semi-Annual Data
Jun07 Dec07 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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1st Colonial Bancorp  (OTCPK:FCOB) 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.

1st Colonial Bancorp Long-Term Capital Lease Obligation Related Terms

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1st Colonial Bancorp (1st Colonial Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
1000 Atrium Way, Suite 200, Mount Laurel, NJ, USA, 08054
1st Colonial Bancorp Inc owns and supervises the bank, a community-oriented, full-service commercial bank providing commercial and consumer financial services to businesses and individuals in Camden County, NJ, and surrounding areas. It offers personal banking, business banking, residential lending, and other services.

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