−Removed: Six of our nine offices are leased.
−Removed: The operating leases contain renewal options and require us to pay property taxes and operating expenses for the properties.
−Removed: Our total rental expense for both of the years ended December 31, 2022 and 2021 was $1.1 million.
+Added: We operate in the Seattle MSA, which includes King County (which includes the city of Seattle), Pierce County and Snohomish County in the Puget Sound region.
+Added: We also operate in Clallam and Jefferson Counties on the North Olympic Peninsula of Washington.
+Added: We serve these markets through our headquarters in Seattle and eight branch offices, four located in the Seattle MSA, three in Clallam County and one in Jefferson County.
+Added: We also have a loan production office in the Madison Park neighborhood of Seattle.
+Added: Six of our nine offices, including our headquarters, are leased, and each of the leases include renewal options, with the obligation to cover property taxes and operating expenses.
+Added: Our total rental expense was $1.1 million for both the years ended December 31, 2023 and 2022.
The aggregate net book value of our land, buildings, leasehold improvements, furniture and equipment was $5.2 million at December 31, 2023.
1 unchanged sentence
Financial Statements and Supplementary Data" of this report on Form 10-K.
−Removed: In the opinion of management, the facilities are adequate and suitable for our current needs.
−Removed: We may open additional banking offices to better serve current clients and to attract new clients in subsequent years.
+Added: In the opinion of management, our existing facilities are adequate and suitable for our current needs.
+Added: We may consider opening additional banking offices in subsequent years to enhance service to existing clients and attract new ones;
+Added: however, we have no current plans to open any new branches.
+Added: Any such decisions would be made based on ongoing strategic evaluations and the evolving needs of the business.
We maintain depositor and borrower client data on in-house servers, in the cloud and within a service bureau environment, utilizing a telecommunications network, portions of which are leased.
−Removed: Management has a disaster recovery plan in place with respect to the data processing system, as well as our operations as a whole.
+Added: Management has a disaster recovery plan in place that encompasses both the data processing system and the broader operations of our organization.
+Added: This plan is designed to ensure the resilience and continuity of our data management and operational capabilities in the event of unforeseen disruptions or emergencies.
Legal Proceedings
4 unchanged sentences
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.