FXNC (First National) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2025)

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What is First National Long-Term Capital Lease Obligation?

First National's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.00 Mil.

First National Long-Term Capital Lease Obligation Historical Data

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

First National Annual Data

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Long-Term Capital Lease Obligation

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

First National (NAS:FXNC) 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 National Long-Term Capital Lease Obligation Related Terms

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First National Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Corp (NAS:FXNC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

112 West King Street, Strasburg, VA, USA, 22657

Website

https://www.fbvirginia.com

First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. The Company operates through two reportable operating segments: Community Banking and wealth management. The Community Banking segment involves making loans and generating deposits from individuals, businesses, and charitable organizations. Wealth Management Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. Key revenue is generated from Community Banking.

Executives

Kirtesh Patel	director	112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R	director	112 W KING ST, STRASBURG VA 22657
Boyce E Brannock	director	112 WEST KING STREET, STRASBURG VA 22657
Holt George Edwin Iii	director	112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens	director	112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard	director, officer: President/CEO	112 W KING ST, STRASBURG VA 22657
Smith Gerald F Jr	director	112 W KING ST, STRASBURG VA 22657
C Ray Sprinkle	director	112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk	director	443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart	officer: Senior EVP/CCO	112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J	officer: EVP-Senior Trust Officer	112 W KING STREET, STRASBURG VA 22657
James C Youngblood	officer: EVP/SENIOR LENDING OFFICER	112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck	director	311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr.	officer: EVP / CCO	112 W KING ST, STRASBURG VA 22657
Davis Dr James A	director	112 WEST KING STREET, STRASBURG VA 22657