Bogota Financial Corp.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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ITEM 2. Properties
As of December 31, 2024, the net book value of our land, building and equipment was $4.6 million. The following table sets forth information regarding our offices as of December 31, 2024:
| 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 | $1,887 |
| 60 East Main Street | |||
| Bogota, NJ 07603 | Leased | 2024 | $11 |
| 181 Boulevard | |||
| Hasbrouck Heights, NJ 07604 | Leased | 2024 | $233 |
| 1719 Route 10 East | |||
| Parsippany, NJ 07054 | Leased | 2021 | $66 |
| 5527 Berkshire Valley Road | |||
| Oak Ridge, NJ 07438 | Owned | 2021 | $421 |
| 1039 South Orange Road | |||
| Newark, NJ 07106 | Leased | 2024 | $28 |
| 558 E Crescent Avenue | |||
| Upper Saddle River, NJ 07458 | Leased | 2023 | $439 |
| Other Offices: | |||
| 510 Warren Ave | |||
| Spring Lake, NJ 07762 | Leased | 2021 | $6 |
| (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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