FB Bancorp, Inc. /MD/
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
At December 31, 2024, the Company and the Bank conducted our business through 18 full-service branches, including our main office, two drive-up ATM branches and 14 stand-alone ATMs located in southern Louisiana, one ITM branch, and 9 loan production offices throughout Louisiana, Florida and Mississippi. The aggregate net book value of premises and equipment was $54.1 million at December 31, 2024.
The following table sets forth information regarding our offices at December 31, 2024.
| Location | Leased or Owned | Year Acquired | Approximate Square Footage |
|---|---|---|---|
| Main Office: | |||
| 353 Carondelet StreetNew Orleans, LA 70130Orleans Parish | Owned | 2020 | 18,548 |
| Branch Offices: | |||
| Algiers Branch3511 General DeGaulle Dr.New Orleans, LA 70114Orleans Parish | Owned | 1908 | 3,925 |
| Baton Rouge – Bluebonnet Blvd. Branch6920 Bluebonnet Blvd.Baton Rouge, LA 70810East Baton Rouge Parish | Owned | 2023 | 4,200 |
| Baton Rouge – Corporate Blvd. Branch5643 Corporate Blvd.Baton Rouge, LA 70808East Baton Rouge Parish | Owned | 2005 | 5,000 |
| Covington Branch2201 US Hwy 190 NorthCovington, LA 70433St. Tammany Parish | Owned | 1997 | 3,400 |
| Gretna Branch1888 Belle Chasse HwyGretna, LA 70056Jefferson Parish | Owned | 2002 | 3,400 |
| Hammond Branch500 CM Fagan Dr.Hammond, LA 70403Tangipahoa Parish | Owned | 2002 | 6,860 |
| Kenner Branch3720 Williams Blvd.Kenner, LA 70065Jefferson Parish | Leased | 1985 | 4,200 |
| Lakeview Branch149 Allen Toussaint Blvd.New Orleans, LA 70124Orleans Parish | Leased | 1995 | 2,800 |
| Mandeville Branch2550 Florida St.Mandeville, LA 70448St. Tammany Parish | Owned | 2008 | 3,800 |
| Metairie Branch1811 Metairie Ave.Metairie, LA 70005Jefferson Parish | Leased | 2008 | 8,400 |
| New Orleans East Branch5530 Crowder Blvd.New Orleans, LA 70127Orleans Parish | Owned | 2008 | 3,000 |
| River Ridge Branch9099 Jefferson Hwy.River Ridge, LA 70123Jefferson Parish | Leased | 1998 | 3,400 |
| Slidell Branch1901 Gause Blvd.Slidell, LA 70461St. Tammany Parish | Owned | 1998 | 3,400 |
| The Rink Branch2729 Prytania St.New Orleans, LA 70130Orleans Parish | Leased | 2022 | 2,037 |
|---|---|---|---|
| Uptown Branch1201 S. Carrollton Ave.New Orleans, LA 70118Orleans Parish | Owned | 1990 | 6,000 |
| Veterans Branch3829 Veterans Blvd.Metairie, LA 70002Jefferson Parish | Owned | 1908 | 6,400 |
| South Market Branch 1011 Julia St., Ste. 112ANew Orleans, LA 70113Orleans Parish[A1] | Leased ITM Only | 2020 | 2,037 |
| NOLA Loan Production Offices: | |||
| 299 Apache Dr., Ste AMcComb, MS 39648Pike County | Leased | 2021 | 1,200 |
| 1000 Chinaberry Dr., Ste 402Bossier City, LA 71111Bossier Parish | Leased | 2021 | 1,108 |
| 900 S. College Rd., Ste 206Lafayette, LA 70503Lafayette Parish | Leased | 2014 | 2,375 |
| 601 Main St.Natchez, MS 39120Adams County | Leased | 2019 | 1,500 |
| 25 W Cedar St., Ste 500Pensacola, FL 32502Escambia County | Leased | 2017 | 1,437 |
| 196 Charmant Pl., Ste 4Ridgeland, MS 39157Madison County | Leased | 2019 | 1,800 |
| 7820 Maple St.New Orleans, LA 70118Orleans Parish | Leased | 2014 | 2,000 |
| 129 W. College St.Lake Charles, LA 70605Calcasieu Parish | Leased | 2022 | 2,400 |
Each branch location has an ATM and a drive-thru facility. We believe that our current facilities are adequate to meet our present and foreseeable needs. We currently do not have any current plans or understandings to expand our office network beyond the previously disclosed full service branch location in Lafayette, LA. This branch is expected to open in the second half of 2025. The current NOLA lending loan production office will be consolidated into the Company owned property.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.