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


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What is PFS Bancorp Long-Term Capital Lease Obligation?

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


PFS Bancorp Long-Term Capital Lease Obligation Historical Data

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

PFS Bancorp Annual Data
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Long-Term Capital Lease Obligation
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PFS Bancorp Quarterly Data
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PFS Bancorp  (OTCPK:PFSB) 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.

PFS Bancorp Long-Term Capital Lease Obligation Related Terms

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PFS Bancorp (PFS Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1730 Fourth Street, Peru, IL, USA, 61354
PFS Bancorp Inc is a federal chartered mutual savings bank. The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in northern Illinois, primarily LaSalle County, from its two facilities located in Peru, Illinois.
Executives
Jonathan F. Brandt director, other: Vice Chairman of the Board 1730 FOURTH STREET, PERU IL 61354
Brady James J. Iv director 1730 FOURTH STREET, PERU IL 61354
Cynthia L. Kurkowski director 1730 FOURTH STREET, PERU IL 61354
Eric J. Heagy director, officer: President/CEO/CFO/Treasurer 1730 FOURTH STREET, PERU IL 61354
Dale R. Tieman director, officer: EVP/COO/Corporate Secretary 1730 FOURTH STREET, PERU IL 61354
Michael J. Rooney director, other: Chairman of the Board 1730 FOURTH STREET, PERU IL 61354
Christopher J. Vaske officer: SVP and CLO 1730 FOURTH STREET, PERU IL 61354

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