River Valley Community Bancorp (River Valley Community Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2007)

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What is River Valley Community Bancorp Long-Term Capital Lease Obligation?

River Valley Community Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2007 was $0.00 Mil.

River Valley Community Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for River Valley Community 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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River Valley Community Bancorp Long-Term Capital Lease Obligation Chart

River Valley Community Bancorp Annual Data

Trend

Dec06

Long-Term Capital Lease Obligation

River Valley Community Bancorp Quarterly Data
	Mar07	Jun07	Sep07
Long-Term Capital Lease Obligation	-	-	-

River Valley Community Bancorp (OTCPK:RVCB) 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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River Valley Community Bancorp (River Valley Community Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » River Valley Community Bancorp (OTCPK:RVCB) » Definitions » Long-Term Capital Lease Obligation

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Address

1629 Colusa Avenue, Yuba City, CA, USA, 95993

Website

https://www.rivervalleycommunitybank.com

River Valley Community Bancorp is headquartered in Yuba City, California. The bank offers various Personal Banking services, including checking accounts, savings accounts, and Certificates of Deposit. The Bank offers several commercial and consumer loans to fit its customer's specific needs. It also offers several cash management solutions aimed at meeting the specific needs of small to medium-sized businesses, professionals, and non-profit organizations.