−Removed: The main offices of the Company and the Bank are located in a three-story building in the central business district of Southern Pines, North Carolina that is owned by the Bank.
−Removed: The building houses administrative facilities.
−Removed: The Bank’s Operations Division, including customer accounting functions, offices for information technology operations, and offices for loan operations, are primarily housed in buildings in Greensboro, North Carolina and Troy, North Carolina, which are owned by the Bank.
+Added: The main offices of the Company and the Bank are located in a building in Southern Pines, North Carolina that is owned by the Bank.
+Added: The building houses corporate, accounting, and administrative facilities.
+Added: The Bank’s operational departments, including accounting functions, information technology operations, loan operations, and deposit operations, are primarily housed in buildings in Greensboro, North Carolina, Dunn, North Carolina, and Troy, North Carolina, which are owned by the Bank.
At December 31, 2022, the Company operated 108 bank branches.
−Removed: The Company owned all of its bank branch premises except 17 branch offices for which the land and buildings are leased and 10 branch offices for which the land is leased but the building is owned.
−Removed: The Bank also leases several other office locations for administrative functions.
−Removed: We also lease several locations for our SBA related activities.
+Added: The Company owned all of its bank branch premises except 16 branch offices for which the land and buildings are leased and nine branch offices for which the land is leased but the building is owned.
+Added: The Bank also leases several other office locations for administrative functions and for our SBA-related activities.
There are no options to purchase or lease additional properties.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.