Item 2. Properties
ITEM 2. Properties
As of December 31, 2024, 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, 2024:
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
$
1,724
Branch Offices:
1224 North Pacific Street Mineola, TX 75773
Lease
1999
$
81
415 West Frank Street Grand Saline, TX 75140
Own
2006
$
971
500 South Main Street Winnsboro, TX 75494
Own
2005
$
1,231
304 South Main Street Lindale, TX 75771
Own
2017
$
4,174
500 West Pine Street Edgewood, TX 75117
Own
2018
$
825
917 East Southeast Loop 323 Tyler, TX 75701
Own
2023
$
2,466
In 2024, the Company listed two buildings for sale that were purchased for future expansion. These properties are now classified as other real estate owned. 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.