PAB Bankshares (PAB Bankshares) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2010)

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What is PAB Bankshares Long-Term Capital Lease Obligation?

PAB Bankshares's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2010 was $0.00 Mil.

PAB Bankshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for PAB Bankshares'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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PAB Bankshares Long-Term Capital Lease Obligation Chart

PAB Bankshares Annual Data

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Long-Term Capital Lease Obligation

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PAB Bankshares Quarterly Data
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PAB Bankshares (OTCPK:PABK) 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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PAB Bankshares (PAB Bankshares) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PAB Bankshares Inc (OTCPK:PABK) » Definitions » Long-Term Capital Lease Obligation

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PAB Bankshares, Inc. was organized and incorporated in 1982 under the laws of the State of Georgia. It is the holding Company for The Park Avenue Bank. The bank offers traditional banking products and services to commercial and individual customers in its markets. Its product line includes, among other things, loans to small- and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, consumer loans, and a number of commercial and consumer demand, savings and time deposit products. It also offers internet banking, on-line cash management, electronic bill payment services, safe deposit box rentals, telephone banking, credit and debit card services, remote depository products and the availability of a network of ATMs to its customers. In addition, through an agreement with a third-party broker-dealer and investment advisory firm, it is able to offer securities brokerage and investment advisory services to its customers. The Company also owns PAB Bankshares Capital Trust II, a Delaware statutory business trust. This non-operating subsidiary's sole purpose is issuing trust preferred securities and investing the proceeds in subordinated debt issued by the company. It faces competitive pressures from both larger regional banks and smaller community banks and thrifts in attracting and retaining commercial and consumer accounts.

Executives

Nicole S Stokes

officer: EVP/CFO

3250 NORTH VALDOSTA ROAD, VALDOSTA GA 31602

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