Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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Item 2. Properties
PROPERTIES.
Certain executive offices, the headquarters of the Bank and prepaid and debit card offices are located in Sioux Falls, South Dakota. Additional executive offices and an operations facility are located in Wilmington, Delaware.
We maintain business development and administrative offices for SBL in Morrisville, North Carolina, and Westmont, Illinois (suburban Chicago), primarily for SBA lending. Leasing offices are located in Crofton, Maryland, Smithfield, Utah, Orlando, Florida and Norristown, Pennsylvania. We maintain a loan operations office in New York, New York. We own our property in Orlando, Florida, which houses our leasing operations, while the remainder of our properties are leased.
Locations and certain additional information regarding our offices and other material properties at December 31, 2025 are listed below.
| Location | Expiration | Square Feet | Monthly Rent |
|---|---|---|---|
| Leased Space | |||
| Sioux Falls, South Dakota | 2038 | 51,886 | $128,814 |
| Wilmington, Delaware | 2028 | 70,968 | 160,140 |
| Norristown, Pennsylvania | 2028 | 7,180 | 10,500 |
| Smithfield, Utah | 2028 | 6,451 | 7,184 |
| New York, New York | 2035 | 5,209 | 28,867 |
| Morrisville, North Carolina | 2027 | 3,590 | 6,776 |
| Crofton, Maryland | 2027 | 3,364 | 4,822 |
| Westmont, Illinois | 2031 | 3,003 | 3,941 |
| Bank Owned Property | |||
| Orlando, Florida | 8,850 | ||
We believe that our properties are suitable and adequate for our operations.
ITEM 3.
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