Item 2. Properties
ITEM 2. Properties
As of December 31, 2025, the net book value of our land, building and equipment was $11.5 million. The following table sets forth information regarding our offices as of December 31, 2025:
Leased or
Year Acquired
Net Book Value of
Location
Owned
or Leased
Land, Building & Equipment
(In thousands)
Main Office:
215 West Broad Street Mineola, TX 75773
Own
1964
$
1,668
Corporate Office:
5755 Eagles Nest Blvd Tyler, TX 75703
Lease
2025
$
34
Branch Offices:
1224 North Pacific Street Mineola, TX 75773
Lease
1999
$
75
415 West Frank Street Grand Saline, TX 75140
Own
2006
$
935
500 South Main Street Winnsboro, TX 75494
Own
2005
$
1,191
304 South Main Street Lindale, TX 75771
Own
2017
$
4,062
500 West Pine Street Edgewood, TX 75117
Own
2018
$
773
917 East Southeast Loop 323 Tyler, TX 75701
Own
2023
$
2,412
In 2025, the Company leased corporate office space in Tyler, Texas for employee and customer accessibility and began due diligence for purchase of land in Terrell, Texas for a new branch. At December 31, 2025, the book value of the land being purchased was $117,000 and the Company closed on the property on January 5, 2026 for a purchase price of $1.5 million. We believe that all other current facilities are adequate to meet our present and foreseeable needs with future expansion in Terrell, Texas.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.