Lyons Bancorp (Lyons Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Lyons Bancorp Long-Term Capital Lease Obligation?

Lyons Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Lyons Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lyons 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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Lyons Bancorp Long-Term Capital Lease Obligation Chart

Lyons Bancorp Annual Data

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Long-Term Capital Lease Obligation

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

Lyons Bancorp (OTCPK:LYBC) 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.

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Lyons Bancorp (Lyons Bancorp) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lyons Bancorp Inc (OTCPK:LYBC) » Definitions » Long-Term Capital Lease Obligation

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Address

399 Exchange Street, Geneva, NY, USA, 14456

Website

https://www.bankwithlnb.com

Lyons Bancorp Inc is a bank holding company. It provides commercial and retail banking services to individual and small business customers. The bank offers checking accounts, savings accounts, individual retirement accounts, certificates of deposits, business checking, business savings, and other banking services.

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