Oak View National Bank Warrenton VA (Oak View National Bank Warrenton VA) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2019)

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What is Oak View National Bank Warrenton VA Long-Term Capital Lease Obligation?

Oak View National Bank Warrenton VA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $0.00 Mil.

Oak View National Bank Warrenton VA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oak View National Bank Warrenton VA'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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Oak View National Bank Warrenton VA Long-Term Capital Lease Obligation Chart

Oak View National Bank Warrenton VA Annual Data

Trend

Dec18

Dec19

Long-Term Capital Lease Obligation

Oak View National Bank Warrenton VA Semi-Annual Data
	Dec18	Dec19
Long-Term Capital Lease Obligation	-	-

Oak View National Bank Warrenton VA (OTCPK:OAKV) 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.

Oak View National Bank Warrenton VA Long-Term Capital Lease Obligation Related Terms

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Oak View National Bank Warrenton VA (Oak View National Bank Warrenton VA) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oak View National Bank Warrenton VA (OTCPK:OAKV) » Definitions » Long-Term Capital Lease Obligation

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Address

128 Broadview Avenue, Warrenton, VA, USA, 20186

Website

https://www.oakviewbank.com

Oak View National Bank Warrenton VA operates as a national banking association to engage in a general banking business serving the communities in and around Marshall and Warrenton, Virginia. The company offers community banking services to small businesses, professionals and non-profit organizations. It also offers expansive digital channels and mortgage products for residential, commercial and farm purposes.