FSB Bancorp (FSB Bancorp) Long-Term Capital Lease Obligation : $2.32 Mil (As of Dec. 2019)

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What is FSB Bancorp Long-Term Capital Lease Obligation?

FSB Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $2.32 Mil.

FSB Bancorp's quarterly Long-Term Capital Lease Obligation increased from Jun. 2019 ($0.00 Mil) to Sep. 2019 ($2.40 Mil) but then declined from Sep. 2019 ($2.40 Mil) to Dec. 2019 ($2.32 Mil).

FSB Bancorp's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($2.32 Mil).

FSB Bancorp Long-Term Capital Lease Obligation Historical Data

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

FSB Bancorp Annual Data

Trend

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Dec19

Long-Term Capital Lease Obligation

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2.32

FSB Bancorp Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	2.40	2.32

FSB Bancorp (NAS:FSBC) 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.

FSB Bancorp Long-Term Capital Lease Obligation Related Terms

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FSB Bancorp (FSB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FSB Bancorp Inc (NAS:FSBC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 South Main Street, Fairport, NY, USA, 14450

Website

https://www.fairportsavingsbank.com

FSB Bancorp Inc is a bank holding company which offers secure and personalized financial solutions. The company through its banking subsidiaries is engaged in providing banking products and services including checking and savings, lending and other mortgage services, Wealth Management and Insurance. Its revenue derived primarily from Interest on loans and, Interest on investment and municipal securities and mortgage-backed securities.

Executives

Kevin D Maroney

director, officer: President and CEO

45 SOUTH MAIN STREET, FAIRPORT NY 14450