Item 2. Properties
ITEM 2. Properties
As of December 31, 2023, 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, 2023:
Leased or
Year Acquired
Net Book Value of
Location
Owned
or Leased
Real Property
(In thousands)
Main Office:
215 West Broad Street Mineola, TX 75773
Own
1964
$
2,352
Branch Offices:
1224 North Pacific Street Mineola, TX 75773
Lease
1999
$
84
415 West Frank Street Grand Saline, TX 75140
Own
2006
$
986
500 South Main Street Winnsboro, TX 75494
Own
2005
$
1,253
304 South Main Street Lindale, TX 75771
Own
2017
$
3,719
500 West Pine Street Edgewood, TX 75117
Own
2018
$
825
917 East Southeast Loop 323 Tyler, TX 75701
Own
2023
$
2,306
1435 South Buffalo Canton, TX 75103
Lease
2023
$
2
During the first quarter of 2023, we purchased two buildings adjacent to the Bank’s home office in Mineola with the intention of possible future expansion. In the first quarter of 2024, we opened a new branch in Tyler, Texas and moved into the new branch building located at the same location in Lindale. We believe that all other current facilities are adequate to meet our present and foreseeable needs, subject to possible future expansion.
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.