Item 2. Properties
Item 2. Properties
We conduct our business at 232 retail banking centers locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida and Alabama. We own 97 of our banking center facilities and several non-branch operating facilities. The other properties are leased for various terms.
The following table summarizes our retail banking centers in each state:
Number of banking centers % of Total
New Jersey
Northern 106 45.7
Central 24 10.3
Total New Jersey 130 56.0
New York
Manhattan 12 5.2
Long Island 12 5.2
Brooklyn 9 3.8
Queens 5 2.2
Westchester County 7 3.0
Total New York 45 19.4
Florida 41 17.7
Alabama 16 6.9
Total 232 100.0 %
Our principal executive office is located at One Penn Plaza in Manhattan, New York. Many of our bank operations are located in Wayne, New Jersey, where we own five office buildings. Our New York City corporate headquarters are primarily used as a central hub for New York based lending activities of senior executives and other commercial lenders. We also lease six non-bank office facilities in Florida, used for operational, executive and lending purposes. On December 1, 2021, the Westchester acquisition added seven banking centers located in Westchester County, New York.
The total net book value of our premises and equipment (including land, buildings, leasehold improvements and furniture and equipment) was $326.3 million at December 31, 2021. We believe that all of our properties and equipment are well maintained, in good operating condition and adequate for all of our present and anticipated needs.
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.