Magyar Bancorp, Inc. 10-K

ITEM 2. Properties The following table provides certain information with respect to our offices as of September 30, 2024: Leased or Original Year Year of Location Owned Leased or Acquired Lease Expiration Main Office: 400 Somerset Street Owned 2005 — New Brunswick, New Jersey, 08901 Full - Service Branches: 3050 State Route 27 Owned 1969 — Kendall Park, New Jersey, 08824 596 Milltown Road Leased 2002 2031 North Brunswick, New Jersey, 08902 1000 Route 202 South Leased 2006 2031 Branchburg, New Jersey, 08876 475 North Bridge Street Leased 2010 2024 Bridgewater, New Jersey, 08807 1167 Inman Avenue Leased 2011 2026 Edison, New Jersey, 08820 1199 Amboy Avenue Leased 2017 2027 Edison, New Jersey, 08837 1990 Washington Valley Road Leased 2024 2029 Martinsville, New Jersey, 08836 The net book value of our premises, land and equipment was approximately $12.5 million and $13.3 million at September 30, 2024 and 2023, respectively. For information regarding Magyar Bancorp, Inc.’s investment in mortgages and mortgage-related securities, see “Item 1. Business” herein.