What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2025-03-31 compared with 2024-04-01 · 22 added, 33 removed, 5 unchanged (92% of the section changed)

As of December 31,

2023, the Company's net investment in premises and equipment was $18.3 million.

Our main office and operations center are in Honaker,

Virginia, which includes a full-service branch, and a separate administration and operations center.

The Bank owns 13

of its 17 full-service branch offices, including its headquarters office.

In addition to the headquarters in Honaker, Virginia we own

or lease branch offices located in Virginia, West Virginia, Tennessee, and a loan production office in North Carolina.

As of December 31, 2024, the Company's net investment

in premises and equipment was $17.1 million.

Our main office and operations center are in Honaker, Virginia, which includes a full-service

branch, and a separate administration and operations center.

The Bank owns 13 of its 17 full-service branch offices,

including its headquarters office.

In addition to the headquarters in Honaker, Virginia we own or lease branch offices located in Virginia,

West Virginia, North Carolina, and Tennessee, and a loan production office in Wytheville, Virginia which opened in February 2025.

Additionally,

1 unchanged sentence

The Bank owns one former branch office that was

closed in 2022.

The former ITM network and call center facility, that was closed in 2021, was sold in March 2023, as was a former branch

office in Big Stone Gap, Virginia.

A warehouse facility in Honaker, Virginia, was sold in 2023.

Our loan production office operates from

a building in Boone, North Carolina under a lease executed in June 2023.

In December 2023, we executed a lease for a full-service branch

office in Boone, North Carolina.

This office commenced operations in March 2024.

With the opening of this facility, we will not continue

the lease for the loan origination office when it expires in June 2024.

In February 2024, we closed one Bristol, Virginia branch and

transferred the accounts to our branch located in the business district of the city.

We continue to maintain the closed branch as an

administrative office.

A former branch office

located in Jonesborough, Tennessee was used as a hub for meeting with prospective loan customers but is currently offered for sale.

Two closed branch

locations, Big Stone Gap, Virginia and Chilhowie, Virginia, continue to offer ATM services.

We continue to assess

our branch network as we look to improve the efficiency of our branch operations while seeking to increase market share.

We believe that all

of our properties are maintained in good operating condition and are suitable and adequate for our operational needs.

the normal course of operations, we may become a party to legal proceedings, as discussed in Note 21 Legal Contingencies to the consolidated

financial statements contained in Item 8 of this form 10-K.

closed in 2022 and leases a former branch office that was closed in 2024 and now serves as an administrative office for the Bank.

Bank also owns undeveloped lots in Coeburn, Virginia, Mt.

Carmel, TN and Princeton, WV (3).

A leased full-service branch office in Boone,

North Carolina opened in March 2024.

One closed and a now sold former branch in Big Stone

Gap, Virginia continues to offer ATM services.

We continue to assess our branch network as we look

to improve the efficiency of our branch operations while seeking to increase market share.

We believe that all of our properties are maintained

in good operating condition and are suitable and adequate for our operational needs.

In the normal course

of operations, we may become a party to legal proceedings, as discussed in Note 21 Legal Contingencies to the consolidated financial statements

contained in Item 8 of this form 10-K.

Safety Disclosures

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.

What changed 10-K

Item 2. Properties