At September 30, 2022, the Bank operated 23 full service facilities.
−Removed: The following table sets forth certain information regarding the Bank’s offices, all of which are owned, except for the Tacoma office, the Lacey office at 1751 Circle Lane SE and the Lacey office at 4530 Lacey Blvd SE, which are leased.
+Added: The following table sets forth certain information regarding the Bank’s offices, all of which are owned, except for the Tacoma office and the Lacey office at 4530 Lacey Blvd SE, which are leased.
Location Year Opened Approximate
10 unchanged sentences
Ocean Shores, Washington 98569 1977 2,100 52,177
−Removed: (table continued on the following page)
−Removed: Location Year Opened Approximate
−Removed: Square Footage Deposits at
−Removed: September 30, 2021
−Removed: (In thousands)
2418 Meridian Avenue East
4 unchanged sentences
Puyallup, Washington 98373 1996 4,200 55,608
+Added: (table continued on the following page)
1201 Marvin Road, N.E.
20 unchanged sentences
Elma, Washington 98541 2004 5,900 87,912
−Removed: 1751 Circle Lane SE
−Removed: Lacey, Washington 98503 2004 900 19,844
101 2 nd Street
5 unchanged sentences
Chehalis, Washington 98532 2009 4,600 63,164
−Removed: 2850 Harrison Ave
−Removed: Olympia, Washington 98502 2018 7,755 93,023
−Removed: 4530 Lacey Blvd SE
−Removed: Lacey, Washington 98503 2018 3,700 159,873
+Added: 2850 Harrison Ave NW Olympia, Washington 98502 2018 7,755 106,244
+Added: 4530 Lacey Blvd SE Lacey, Washington 98503 2018 3,700 170,650
Loan Center/Data Center:
6 unchanged sentences
The Company adopted Accounting Standards Codification ("ASC") 842 ("ASC 842") on October 1, 2019 and began recording operating lease liabilities and operating lease right-of-use ("ROU") assets in the consolidated balance sheets.
−Removed: The Company has operating leases for three retail bank branch offices.
+Added: The Company has operating leases for two retail bank branch offices.
The ROU assets totaled $2.89 million at October 1, 2019.
−Removed: The Company's leases have remaining lease terms of ten months to ten years, some of which include options to extend the leases for up to five years.
+Added: The Company's leases have remaining lease terms of four to nine years, some of which include options to extend the leases for up to five years.
For additional information regarding operating lease liabilities and operating lease ROU assets, see Note 9 of the Notes to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
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.