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

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What is High Country Bancorp Long-Term Capital Lease Obligation?

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

High Country Bancorp Long-Term Capital Lease Obligation Historical Data

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

High Country Bancorp Annual Data

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Long-Term Capital Lease Obligation

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High Country Bancorp Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

High Country Bancorp (OTCPK:HCBC) 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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High Country Bancorp (High Country Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

7360 West US Highway 50, P.O. Box 309, Salida, CO, USA, 81201

Website

https://www.highcountrybank.net

High Country Bancorp Inc is a full-service financial institution delivering banking and investment solutions for both consumers and businesses. Its primary deposit products are non interest-bearing and interest-bearing checking accounts, savings accounts and time deposit accounts, and its primary lending products are real estate mortgage loans, construction, consumer and commercial loans.

Executives

Lorin D Smith	director, officer: President & CEO
Scott G Erchul	director, officer: Vice President
Frances Pasquale	officer: Acting CFO	7360 WEST US HIGHWAY 50, SALIDA CO 81201
Young Richard A /co	director
Philip W Harsh	director	7360 WEST US HIGHWAY 50, SALIDA CO 81201