−Removed: December 31, 2021, the Company's net investment in premises and equipment was $20.7 million.
−Removed: Our main office and operations center are
−Removed: in Honaker, Virginia, which includes a full-service branch, and a separate administration and operations center.
−Removed: Bank owns 14 of its 18 full-service branch offices, including its headquarters office, plus its one limited-service branch.
−Removed: to the headquarters in Honaker, Virginia we own or lease branch offices located in Virginia, West Virginia, Tennessee, and a loan production
−Removed: office in North Carolina.
−Removed: Additionally, the Bank owns two operations buildings, one housing its network operations and another that serves
−Removed: as our call center and ITM network operations center.
−Removed: The facility housing ITM network operations was closed on December 31, 2021, and
−Removed: those operations were transferred to our Abingdon, Virginia branch.
+Added: of December 31, 2022, the Company's net investment in premises and equipment was $19.3 million.
+Added: Our main office and operations center
+Added: are in Honaker, Virginia, which includes a full-service branch, and a separate administration and operations center.
+Added: Bank owns 13 of its 17 full-service branch offices, including its headquarters office.
+Added: In addition to the headquarters in Honaker, Virginia
+Added: we own or lease branch offices located in Virginia, West Virginia, Tennessee, and a loan production office in North Carolina.
+Added: Additionally,
+Added: the Bank owns an operations building housing its network and other support operations.
+Added: The bank owns two former branch offices that were
+Added: closed in 2022, and the facility that formerly housed ITM network and call center operations, that was closed in 2021.
+Added: The former ITM
+Added: network and call center facility was sold in March, 2023.
We also own a warehouse facility in Honaker, Virginia.
Our loan production
−Removed: office operates from a building in Boone, North Carolina under a short-term lease executed in November 2020.
−Removed: former branch office located in Jonesborough, Tennessee is being used as a hub for meeting with prospective loan customers.
−Removed: 2021, two branch locations were closed, Weber City, Virginia and Pound, Virginia, with customer accounts transferred to nearby offices.
−Removed: The renovation of the Bristol – W.
−Removed: State Street office was completed in 2021 and the office opened during the fourth quarter of
−Removed: Four former branch offices, Weber City, Virginia, Bristol, Virginia, Dungannon, Virginia, and Kingsport, Tennessee were sold in
−Removed: Three other former branch offices located in Pound, Virginia, Jonesville, Virginia and Bluewell, West Virginia, were transferred
−Removed: to other real estate owned in September 2021.
+Added: office operates from a building in Boone, North Carolina under a short-term lease renewed in June 2022.
+Added: former branch office located in Jonesborough, Tennessee is used as a hub for meeting with prospective loan customers.
+Added: 2022, two branch locations were closed, Big Stone Gap, Virginia and Chilhowie, Virginia, with customer accounts transferred to nearby
+Added: ITM services remain available at these two locations.
+Added: Three former branch offices that were transferred to other real estate
+Added: owned in 2021, were sold in 2022.
continue to assess our branch network as we look to improve the efficiency of our branch operations while seeking to increase market
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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.