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SB Financial Group (SB Financial Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is SB Financial Group Long-Term Capital Lease Obligation?

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


SB Financial Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for SB Financial Group'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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SB Financial Group Long-Term Capital Lease Obligation Chart

SB Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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SB Financial Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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SB Financial Group  (NAS:SBFG) 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.

SB Financial Group Long-Term Capital Lease Obligation Related Terms

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SB Financial Group (SB Financial Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
401 Clinton Street, P.O. Box 467, Defiance, OH, USA, 43512
SB Financial Group Inc operates as a Holding Company of State Bank and RDSI/DCM. Its activities involve commercial banking, trust, and financial services. It offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, wealth management services, commercial and agricultural lending. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit. It earns revenue in the form of interest income.
Executives
Timothy J. Stolly director 700 BLUFF OAK TRAIL, LIMA OH 45807
Timothy L. Claxton director 327 BAROUCHE PL., FORT WAYNE IN 46845
Mark A Klein officer: CHAIRMAN, PRESIDENT & CEO 225 KETTENRING DRIVE, DEFIANCE OH 43512
William G Martin director 136 DEERFIELD CIRCLE, BRYAN OH 43506
Richard L Hardgrove director 1959 MARBLE CLIFF CROSSING CT., COLUMBUS OH 43204
Steven A. Walz officer: EVP OF SUBSIDIARY 324 NORTHWOOD DR., DEFIANCE OH 43512
George W Carter director 15316 RD 168, PO BOX 322, PAULDING OH 45879
Anthony Van Cosentino officer: EVP OF SUBSIDIARY 1600 BRIDGEWOOD COURT, DEFIANCE OH 43512
David A. Homoelle officer: REGIONAL PRESIDENT OF SUBSIDIA 903 GATEHOUSE LANE, COLUMBUS OH 43235
Keeta Jane Diller officer: EVP OF SUBSIDIARY 13801 FRUIT RIDGE ROAD, DEFIANCE OH 43512
Gaytan Garcia Juan Ernesto officer: EVP OF SUBSIDIARY 2103 SOUTH BROOKHILL LANE, CANTON MI 48188
Rita A Kissner director 135 BIEDE PLACE, DEFIANCE OH 43512
Tom R Helberg director 30600 N. PIMA RD., UNIT 50, SCOTTSDALE AZ 85266
Jonathan R. Gathman other: EVP OF SUBSIDIARY 703 BURNING TREE DRIVE, DEFIANCE OH 43512
Fawcett Jr Robert A director 172 EASTOWNE DRIVE, OTTAWA OH 45875