MainStreet Bancshares Inc
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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FY2023 · Filed Mar 20, 2024
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Item 2. Properties
As of December 31, 2023, the net book value of our office properties was $11.4 million, and the net book value of our furniture, fixtures and equipment was $2.2 million. The following table sets forth information regarding our offices.
| Net Book Value | |||
|---|---|---|---|
| Leased or | Year Acquired | of Real | |
| Location | Owned | or Leased | Property |
| (In thousands) | |||
| Headquarters: | |||
| 10089 Fairfax Blvd. | |||
| Fairfax, VA 22030 | Owned | 2010 | $7,260 |
| Other Properties: | |||
| Herndon Branch | |||
| 727 Elden Street | Leased | 2004 | — |
| Herndon, VA 20170 | |||
| Operations Center | |||
| 22980 Shaw Road | Leased | 2021 | — |
| Sterling, VA, 20166 | |||
| McLean Branch | |||
| 1354 Old Chain Bridge Road | Owned | 2014 | 1,320 |
| McLean, VA 22101 | |||
| Clarendon Branch | |||
| 1000 N. Highland Street | Owned | 2009 | 513 |
| Arlington, VA 22201 | |||
| Leesburg Branch | |||
| 307 E. Market Street | Owned | 2017 | 2,273 |
| Leesburg, VA 20176 | |||
| Washington D.C. Branch | |||
| 1130 Connecticut Avenue, N.W. | Leased | 2019 | — |
| Washington , D.C. 20036 | |||
We believe that current facilities are adequate to meet our present and foreseeable needs, subject to possible future expansion. See Note 7 of Notes to the December 31, 2023, Consolidated Financial Statements, for additional disclosures related to the Company’s properties.
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