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


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What is Oak Valley Bancorp Long-Term Capital Lease Obligation?

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


Oak Valley Bancorp Long-Term Capital Lease Obligation Historical Data

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

Oak Valley Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Oak Valley Bancorp 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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Oak Valley Bancorp  (NAS:OVLY) 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.

Oak Valley Bancorp Long-Term Capital Lease Obligation Related Terms

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Oak Valley Bancorp (Oak Valley Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
125 North Third Avenue, Oakdale, CA, USA, 95361
Oak Valley Bancorp is a bank holding company which operates through Oak Valley Community Bank (the Bank). The Bank offers a complement of business checking and savings accounts for its business customers. The Bank also offers commercial and real estate loans, as well as lines of credit. In addition, the bank provides other services for both individuals and businesses including online banking, remote deposit capture, mobile banking, merchant services, night depository, extended hours, wire transfer of funds, note collection, and automated teller machines in a national network. Its primary source of revenue is net interest income.
Executives
Gary Strong director 125 N THIRD AVE, OAKDALE CA 95361
Ronald C. Martin director, officer: Chief Executive Officer 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Daniel J Leonard director 125 NORTH THIRD AVE, OAKDALE CA 95361
Holder H Randolph Jr director 125 N THIRD AVE, OAKDALE CA 95361
Lynn Dickerson director 125 N 3RD AVE, OAKDALE CA 95361
Allison Lafferty director 125 N THIRD AVE, OAKDALE CA 95361
James L Gilbert director 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Don Barton director 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Janet S Pelton director 125 NORTH THIRD AVE, OAKDALE CA 95361
Christopher M. Courtney director, officer: President 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Cathy Ghan officer: EVP Commercial Real Estate 125 N THIRD AVE, OAKDALE CA 95361
Terrance P Withrow director 125 NORTH THIRD AVE, OAKDALE CA 95361
Thomas A Haidlen director 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Richard A. Mccarty officer: Chief Financial Officer 125 NORTH THIRD AVENUE, OAKDALE CA 95361
Gary Stephens officer: EVP Commercial Banking Group 125 N THIRD AVE, OAKDALE CA 95361

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