WCF Bancorp (WCF Bancorp) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2018)

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What is WCF Bancorp Long-Term Capital Lease Obligation?

WCF Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.00 Mil.

WCF Bancorp Long-Term Capital Lease Obligation Historical Data

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

WCF Bancorp Annual Data

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Long-Term Capital Lease Obligation

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WCF Bancorp Semi-Annual Data
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WCF Bancorp (OTCPK:WCFB) 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.

WCF Bancorp Long-Term Capital Lease Obligation Related Terms

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WCF Bancorp (WCF Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WCF Bancorp Inc (OTCPK:WCFB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

401 Fair Meadow Drive, P.O. Box 638, Webster City, IA, USA, 50595

Website

https://www.wcfbank.com

WCF Bancorp Inc is a bank holding company. It is engaged in the ownership and operation of banks. The business activities of the bank involve accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in real estate loans secured by one-to-four family residences. The bank also originates consumer loans and non-owner occupied one-to-four family residential real estate loans. Its primary sources of funds are deposits, principal and interest payments on loans and securities and advances. It derives revenue principally from the interest on loans and securities, and from loan origination and servicing fees.

Executives

Michelle Zahn	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Bradley Mickelson	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Paul L Moen	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Michael R Segner	director, officer: President and CEO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Thomas J Hromatka	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVENUE, FORT DODGE IA 50501
Kevin Eason	officer: EVP and CCO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
C Thomas Chalstrom	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVE PO BOX 1237, FORT DODGE IA 50501
Kyle R Swon	director, officer: SVP	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Stephen L Mourlam	director, officer: President and CEO	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Leo Moriarity	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Harold J Pursley	director, other: Chairman	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Kasie L Doering	officer: CFO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595

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