Bogota Financial Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
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ITEM 2. Properties
As of December 31, 2023, the net book value of our land, building and equipment was $7.7 million. The following table sets forth information regarding our offices as of December 31, 2023:
| Location | Leased or Owned | Year Acquired or Leased | Net Book Value of Real Property |
|---|---|---|---|
| (In thousands) | |||
| Branch Offices: | |||
| 819 Teaneck Road Teaneck, NJ 07666 | Owned | 2004 | $3,420 |
| 60 East Main Street Bogota, NJ 07603 | Owned | 1941 | $169 |
| 181 Boulevard | |||
| Hasbrouck Heights, NJ 07604 | Owned | 2020 | $2,484 |
| 1719 Route 10 East | |||
| Parsippany, NJ 07054 | Leased | 2021 | $109 |
| 5527 Berkshire Valley Road | |||
| Oak Ridge, NJ 07438 | Owned | 2021 | $159 |
| 1039 South Orange Road | |||
| Newark, NJ 07106 | Owned | 2021 | $1,146 |
| Other Offices: | |||
| 510 Warren Ave | |||
| Spring Lake, NJ 07762 | Leased | 2021 | $10 |
| (used as a loan production office) | |||
We believe that the current facilities are adequate to meet our present and foreseeable needs, subject to possible future expansion**.**
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