Pioneer Bankcorp (Pioneer Bankcorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is Pioneer Bankcorp Long-Term Capital Lease Obligation?

Pioneer Bankcorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Pioneer Bankcorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pioneer Bankcorp'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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Pioneer Bankcorp Long-Term Capital Lease Obligation Chart

Pioneer Bankcorp Annual Data

Trend

Long-Term Capital Lease Obligation

Pioneer Bankcorp Semi-Annual Data
	Sep22	Sep23
Long-Term Capital Lease Obligation	-	-

Pioneer Bankcorp (OTCPK:PBKC) 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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Pioneer Bankcorp (Pioneer Bankcorp) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pioneer Bankcorp Inc (OTCPK:PBKC) » Definitions » Long-Term Capital Lease Obligation

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Address

300 East Sugarland Highway, Clewiston, FL, USA, 33440

Website

https://www.first1bank.com

Pioneer Bankcorp Inc is a bank holding company incorporated in Florida. The Bank is a state-chartered, FDIC-insured bank headquartered in Clewiston, Florida, and conducts business from three banking offices in Hendry County and other banking offices in surrounding counties. The majority of the company's revenues are interest earned on loans, investment securities, and other financial instruments.

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