Eighteenth annual report, 1937

EIGHTEENTH ANNUAL REPORT
OF THE
EPARTMENT OF BANKING
OF THE
STATE OF GEORGIA
YEAR ENDING DECEMBER 31
1937
R. E. GORMLEY, Superintendent of Banks

STATE OF GEORGIA
DEPARTMENT OF BANKING
Created by Act Approved August 16, 1919.
EIGHTEENTH ANNUAL REPORT
YEAR ENDING DECEMBER 31, 1937.
DEPARTMENT ESTABLISHED An act to creat the Department of Banking of the State of Georgia, to provide for the incorporation and regulation of Banks and penalties for violations of the Law, defining duties of the Superintendent of Banks, and for other purposes, was enacted by the Legislature in 1919, approved by the Governor August 16, 1919, and effective January 1, 1920.
This Act has been amended from time to time, through the last session of the General Assembly in 1937, all of which amendments are contained in the Banking Act published by the Department of Banking.
R. E. GORMLEY, Superintendent of Banks.

EIGHTEENTH ANNUAL REPORT

III

DEPARTMENT OF BANKING, STATE OF GEORGIA
ATLANTA
December 31, 1937.
To the Honorable E. D. Rivers, Governor,
State of Georgia,
Atlanta, Ga.
Dear Sir:
As required in Sections 15 and 16 of Article 2 of the Banking Law, I have the honor to submit herewith, this, the 18th annual report of the Department of Banking for the year ending December 31, 1937.
This report consists of the following exhibits:
1. Exhibit "A", Official Roster of the Department of Banking.
2. Exhibit "B", a statement of the receipts and disbursements of the Department for the year 1937.
cov3e. rinEgxhmiibsictsell"aCn"e'ou"sDa"p' p"lEic"a'ti"oFn"s' r"eGla"ti'v"eHt>o' 'c"hIa"r'te"rJ"am' "eKnd"-'
ments, charter renewals, voluntary liquidations, etc.
4. Exhibit "L", a list of banks in voluntary liquidation.
5. Exhibit "M", a list of branch banks now in operation.
6. Exhibit "N", a condensed statement showing the disposition of banks during the year 1937.
7. Exhibit "0", a list of banks that are members of the Federal Reserve System.

IV

DEPARTMENT OF BANKING

8. Exhibit "P", a list of Small Loan Companies under the supervision of the Superintendent of Banks during the year
1937, and Exhibit "Q", a list of Credit Unions as of December 31, 1937.

9. Exhibit "R", abstract of reports showing condition of 231 banks and 8 branches as of December 31, 1937, with a comparative statement of 226 banks and 8 branches as of December 31, 1936.
10. Exhibit "S", Composite Statement of Earnings of State Banks for the calendar year ended December 31, 1937.
In addition to the information as reflected in the exhibits referred to above, the report contains the detailed published statement of each bank as of December 31, 1937. This statement gives an itemized report of the assets and liabilities of the bank, the date the bank was chartered, the date it began business, and the name of the President and Cashier.
Respectfully submitted,
R. E. GORMLEY,
Superintendent of Banks.

EIGHTEENTH ANNUAL REPORT

v

Exhibit "A."

DEPARTMENT OF BANKING, STATE OF GEORGIA

OFFICIAL ROSTER

December 31, 1937.

R. E. GORMLEY Superintendent of Banks
C. B. GOLSON Assistant Superintendent of Banks

EXAMINERS

Name

Address

R. G. Fleetwood_____________ Statesboro

-------------$

Richard Forrester___________ Montezuma

0. G. Jackson_________________Atlanta _______________________________

W. D. Lloyd____________________ Tallapoosa __________________________

Salary
200.00 200.00 200.00 200.00

OFFICE ASSISTANTS

Name

Position

Mrs. Evelyn Ellis___________ Secretary ----------------------------$ Mrs. John W. Wyrick____ Secretary ----------------------------

Salary
130.00 135.00

Theodore MarshalL________ Porter __________________________________ $

45.00

VI

DEPARTMENT OF BANKING

Exhibit "B." DEPARTMENT OF BANKING, STATE OF GEORGIA
Receipts and Disbursements, 1937.

RECEIPTS

Balance January 1, 1937 ____________

Examination Fees

__________________________ _

Small Loan Fees _

____________ _

Miscellaneous Income ___

----$ 7,118.99 35,310.00
---- -- ---- 1,300.00 328.40

$44,057.39

DISBURSEMENTS

Superintendent's Salary __

____________________________________ $ 6,000.00

Assistant Superintendent's Salary

________________ _

3,600.00

Traveling Expenses, Superintendent _______________

461.52

Traveling Expenses, Assistant Superintendent________

242.30

Office Assistants' Salaries _____________________

4,114.00

Examiners' Salaries ________

10,273.33

Examiners' Expenses, Traveling _______

8,937.71

Printing and Stationery ___________________________________

552.28

Miscellaneous Office Expense _______________________

2,114.62

3% Deduction ______

1,102.95

$37,398.71

Balance, December 31, 1937 --------------------------------------------

$ 6,658.68

EIGHTEENTH ANNUAL REPORT

VII

Exhibit "C." APPLICATIONS TO DECREASE CAPITAL APPROVED

NAME OF BANK
-
Bank of Eastman__ ~ -------

LOCATION APPROVED AMT. OF DECREASE Eastman _______ 5-22-37 $50,000.00 to $40,000.00

Exhibit "D." APPLICATIONS FOR RENEWAL OF CHARTER APPROVED

NAME OF BANK

LOCATION DATE OF CHARTER APPROVED

Farmers & Merchants Bank_ Lakeland -------
Farmers & Merchants Bank Fayetteville ---Bank of Lenox __ -- -------------- Lenox --------The Patterson Bank --------- _Patterson --Buena Vista Ln. & Svgs. Bk. Buena Vista __ Wilkinson County Bank_ ---- Toombsboro The Woodland Bank. ---- ---- Woodland ____ The Exchange Bank_ --- ----- Springfield ----

4-18-1907 2-16-1906
6-20-1907 6-19-1907 9-22-1887 7-16-1907 11-18-1907 12-31-1907

3-29-37 4-15-37
5-6-37
5-12-37 5-27-37
7-7-37 10-25-37 12-21-37

Exhibit "E." APPLICATIONS FOR REVIVAL OF CHARTERS APPROVED.

NAME OF BANK

LOCATION DATE OF CHARTER APPROVED

Bank of Siloam __ ------- --------- Siloam ------------

The Milledgeville Bkg. Co. ____ Milledgeville _

Pitts Banking Co. __________________ Pitts - ------------

The S. Lemon Bkg. Co._________ Acworth --The Citizens Bank________________ Marshallville _

Atlanta Bkg. & Savgs. Co. ____ Lake Park Bank __________________

Atlanta ---------Lake Park

10-18-1904 9-13-187 4 6- 2-1906
12-18-1906 12-24-1906 10-13-1885
1-22-1906

1-28-37 2-5-37 2-5-37 2-18-37
5-7-37 5-22-37 6-16-37

APPLICATIONS FOR CHARTERS APPROVED.

Exhibit "F."

NAME OF BANK

LOCATION

APPROVED

BEGAN BUSINESS

Bank of Thomas County______ Thomasville -------------------Fort Gaines Banking Co. _____ Ft. Gaines ---------------------Citizens Bank of Americus____ Americus -----------------------First State Bank of Blakely__ Blakely ------------------------Citizens & Southern Bank
of LaGrange ______________________ LaGrange ________________________
Pembroke State Bank___________ Pembroke ----------------------

2-3-37 2-11-37 2-20-37
5-5-37
7-14-37 12-17-37

2-15-37 2-15-37 3-1-37
5-6-37
8-1-37
--------------

VIII

DEPARTMENT OF BANKING

PERMITS TO BEGIN BUSINESS ISSUED.

NAME OF BANK

LOCATION

Exhibit "G."
-
BEGAN BUSINESS

The Farmers Bank________________________________ Tifton ____________________________

Bank of Thomas County___________________ Thomasville

____ _

Fort Gaines Bkg. Co._______

___________ Ft. Gaines _________________________

Citizens Bank of Americus____________________ Americus _______________________________

First State Bank of Blakely__________________ Blakely _______________________________ _

Citizens & Southern Bank of LaGrange ________________________________________ LaGrange ______________________________

2-24-37 2-15-37 2-15-37
3-1-37 5-6-37
8-1-37

Exhibit "H." APPLICATIONS FOR CHARTERS DISAPPROVED.

NAME OF APPLICANT

LOCATION

DISAPPROVED

Eatonton Banking Co.__________________________ Eatonton _______________________________ Farmers Exchange Bank ______________________ Blakely _________________________________
Farmers & Merchants Bank__________________ Douglas ___

3-1-37 7-31-37 10-4-37

Exhibit "1." PERMITS TO ENTER VOLUNTARY LIQUIDATION ISSUED.

NAME OF BANK

LOCATION

DATE

BY WHOM LIQUIDATED

Atlanta Bkg. & Savgs. Co. ____________ Atlanta __________ 6-14-37 Directors ------------

EIGHTEENTH ANNUAL REPORT

IX

Exhibit "J."

APPLICATIONS FOR MISCELLANEOUS AMENDMENTS APPROVED.

-
NAME OF BANK

LOCATION

NATURE OF AMENDMENT

APPROVED

-

pitts Banking Co. ___________________________ Pitts ______________ To incorporate in

charter the pro-

visions of Sec. 1,

Art. 18 of the Banking Act.

2-5-37

savannah Bk. & Tr. Co. _________________ Savannah ------ To incorporate in

charter the pro-

visions of Sec. 1,

Art. 18 of the
Banking Act. The Bank of Tifton_______________________ Tifton ------------ To decrease mini-

2-12-37

mum number of

directors and in-

crease maximum

number. Farmers & Merchants Bank________ Brewton -------- To change office

2-27-37

from Brewton to

Dublin.

6-16-37

Exhibit "K." APPLICATIONS TO SURRENDER CHARTERS APPROVED.

NAME OF BANK

LOCATION

APPROVED

Citizens & Contractors Bank________________________ Lithonia ________________ Atlanta Bkg. & Svgs. Co. ______________________________ Atlanta __________________

4-22-37 7-14-37

X

DEPARTMENT OF BANKING

BANKS IN VOLUNTARY LIQUIDATION December 31, 1937

Exhibit "L."

NAME OF BANK

LOCATION

DATE

Bank of Sale City ___________________

Sale City

January 22, 1924.

Bank of Willacoochee______________

Willacoochee

May 18, 1925.

Farmers Banking Company______

Covington_

April 6, 1925.

Farmers Bank _________________________________ Vidette

June 28, 1926.

Bank of Bostwick __________________________ Bostwick ________________ _ December 2, 1926.

Farmers & Merchants Bank _____________ Grantville __________________ December 9, 1926.

Union Banking Company__________________ Monroe _____________________ February 12, 1927.

Dacula Banking Company

Dacula _____________________ February 15, 1927.

Sharpsburg Banking Company

Sharpsburg _______________ November 12, 1927.

Bank of Boston________________________________ Boston

December 31, 1927.

Bank of Buckhead___________________________ Buckhead ______________ July 14, 1927.

Bank of Lincolnton _________________________ Lincolnton

February 10, 1928.

Bank of Stephens

____________________ Stephens _____________

September 11, 1928.

Council Bank

_______ _

Ellaville _____________ Pending.

Pittard Banking Company______________ Winterville

Pending.

Bank of Taliaferro _

Crawfordville

Atlanta Trust Company__________________ Atlanta

Peoples Bank _____________________

Comer __

Bank of Helen _________________________________ Helen ___________________

September 4, 1929.
D"cember 11, 1929. March 31, 1930. June 2, 1930.

Bank of Cave Spring__

Cave Spring

December 12,1930.

Houston Banking Co. ________________________ Perry ________

December 12, 1930.

Farmers & Merchants Bank

Kite ________________________ January 26, 1931.

Merchants Trust Company______________ Valdosta __________________ January 30, 1931.

Atlanta Savings Bank _____________________ Atlanta ___

October 13, 1931.

South Georgia Trust Company______ Albany

December 11, 1931.

People's Bank ---------------------------------- Glennville ______________ December 24, 1931.

Bank of Statham _________________

Statham ___________________ December 31, 1931.

Walker County Bank ________________ LaFayette _____________ January 1, 1932.

Bank of Brooklet __________________________ Brooklet ___________________ January 1, 1932.

Whitesburg Banking Company__

Whitesburg __________ February 2, 1932.

Loganville Banking Company__________ Loganville ______________ April 28, 1932.

Newnan Bank and Trust Company__ Newnan ______________

May 11, 1932.

Citizens Bank ___________________________________ Brinson _____________________ December 31. 1932.

Bank of Forsyth _____________________________ Forsyth ______________________ January 2, 1933.

Citizens Bank ________________________________ Claxton ____________

December 4, 1934.

Clermont Banking Co. ____________________ Clermont

February 26, 1934.

Decatur County Bank _____________________ Bainbridge

October 29, 1934.

Rhine Banking Co. _________________________ Rhine ________________________ December 21, 1934.

Merchants & Planters Bank __________ Whigham _________________ March 15, 1935.

Tobacco Belt Trust Co. ___________________ Lakeland _______________ _ November 6, 1935.

Bainbridge State Bank_____________________ Bainbridge ______________ _ November 6, 1935.

Ashley Trust Co. ________________________ Valdosta _________________ November 14, 1935.

Continental Trust Co. ____________

Atlanta _____________________ December 12, 1935.

Bank of Hoschton__

____ Hoschton ____________________ April 19, 1936.

The Merchants and Mechanics Bank-

ing and Loan Co. ________ _

Atlanta

December 7, 1936.

EIGHTEENTH ANNUAL REPORT

XI

BRANCH BANKS AS OF DECEMBER 31, 1937.

Exhibit "M."

NAME OF BRANCH

LOCATION NAME OF PARENT LOCATION

Georgia Railroad Bk. & Tr.

Co., 1111 Broad St.

~Augusta______ Georgia Railroad Bank &

Trust Co. _____________________ Augusta.

Columbus Bk. & Trust Co.,

14th Street --------------------------Columbus ____ Columbus Bank & Trust

Co. _

------------------~Columbus.

Columbus Bk. & Trust Co.,

North Highland ___________________ Columbus__ Columbus Bank & Trust

Co. ________________ __________ Columbus.

Columbus Bk. & Trust Co.,

Rankin House ____ --~------------Columbus ____ Columbus Bank & Trust

Co. ----------~-~------------------~ Columbus.

Cornelia Bank ~ __

_________ Demorest _____ Cornelia Bank ----------------~- Cornelia.

Greenville Bank & Trust Co.~ Gay

____ Greenville Banking Co. ____ Greenville.

Brunswick Bank & Trust Co. __ Jesup

__ Brunswick Bank & Trust

Citizens Bank __________________________ Nahunta. ~--- Co. ----------------------------Brunswick.

Citizens Bank -~--~-----------~Folkston.

XII

DEPARTMENT OF BANKING

Exhibit "N."

DISPOSITION OF BANKS IN GEORGIA DURING YEAR 1937.

Banks in Operation January 1, 1937 ________________ Banks in Operation December 31, 1937____________
Increase During Year__________________ _____ _________________

Banks 226 231
5

Branches
8 8

*

*

Banks Closed _____________

______________________

1

Chattooga County Bank, Summerville

Banks Entering Voluntary Liquidation__________________________

1

Atlanta Banking & Savings Co., Atlanta

Decrease --------------------------------------------

2

New Banks ------------------------------------------------------------------------------

6

The Farmers Bank, Tifton

Bank of Thomas County, Thomasville

Ft. Gaines Banking Co., Ft. Gaines

Citizens Bank of Americus, Americus

First State Bank of Blakely, Blakely

Citizens and Southern Bank of LaGrange, LaGrange

Supervision Assumed --------------------------------------------------------------

1

Atlanta Banking and Savings Co., Atlanta

Increase ----------------------------------------------

7

Net Increase Shown Above ------------------------------------------

5

EIGHTEENTH ANNUAL REPORT

XIII
Exhibit "0."

STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM

Bank of Adairsville__ ------------------------ _______________________________________________________Adairsville

Trust Company of Georgia ______________________________ ----------------------

______Atlanta

Georgia Railroad Bank & Trust Co. ________________________________________________________________Augusta

Citizens Bank and Trust Co. ______________________________________________________________________Bainbridge

The Blackshear Bank_ _____ -------------------------------------------- _______________________________Blackshear Brunswick Bank and Trust Co. ____________________________________________________________________Brunswick

Bank of Canton____

-------------------------------------- ______________________________________________ Canton

State Bank of Cochran______________________________________ -------------------- _______________________ Cochran

Columbus Bank and Trust Co.____ -------------------------------------------------- _________Columbus

Merchants & Mechanics Bank--------------------------------------------------------------- ___Columbus Northeastern Banking Co. ------------------------------- _____________________________________________ Commerce

Bank of Eastman_________ --------------------------------------- ------------------------ _____________________Eastman

Brand Banking Company________

----------------------------------------------- ____Lawrenceville

Farmers State Bank ------------------------------ ----------------------------------- _______________ Lincolnton

Bank of Millen

----------------------------------- -------------------------------------------------- _Millen

Farmers Bank ---------------------------------------------------- __________________________________________Monroe

Farmers Bank of Pelham________________________________________________________ _____________________Pelham

Bank of Sasser________________________________________________________________________________________________________Sasser

Citizens Bank and Trust Co. __________________________________________________________________________Savannah

Savannah Bank and Trust Co. ________________________________________________________________________Savannah Bank of Soperton______________________________________________________________________________________________Soperton Central Bank _______________________________________________________________________________________________Swainsboro

The Bank of Tifton______ _____ --------------------- ----------------------------- ________________________Tifton

XIV

DEPARTMENT OF BANKING

Exhibit "P.' SMALL LOAN COMPANIES UNDER THE SUPERVISION OF THE
SUPERINTENDENT OF BANKS DURING 1937.

NAME OF COMPANY

Date License Location Issued

T. C. Adams __ _____________ ------------------------------------------------------ Atlanta Citizens Loan & Savings Co. ____________________________________________________ Atlanta

1-9-37 1-2-37

Family Finance Company ___________________________

---------------- Atlanta

Georgia Acceptance Company__________________________________________________ Atlanta

1-2-37 1-8-37

Georgia Finance, Inc. --------------------------------------------------------------- Atlanta 1-5-37

Hartsfield Company, Inc. ____________ ----------------------------------------

Atlanta

Industrial Finance Corporation________________________________________________ Atlanta

1-5-37 1-2-37

The Master Loan Service, Inc. ________________________________ --------------- Atlanta 1-2-37

Seaboard Finance Corporation____ ------------------------------------------- Atlanta 1-2-37

Standard Investment Company__________________ ----------------------------- Atlanta 1-18-37

AU.n iJt.e dWSomo da_l_l___L__o__a__n____C__o__r_p__o_r_a__t_i_o_n__-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-____________ _

Atlanta Brunswick

1-2-37 1-2-37

Georgia Motor Finance Company-------------------------------------------- Macon

1-7-37

EIGHTEENTH ANNUAL REPORT

XV

Exhibit "Q."

CREDIT UNIONS AS OF DECEMBER 31, 1937.

NAME

Location

Albany Federal Employees' Credit Union

-------------- -------------- ___Albanl

The Herald Credit Union

_____________ ___ ____________

____________________ Albany

Keenan Credit Union

________________

___ A l b a n y

Alma Exchange Credit Union

-------------

____ Alma

Athens Division Credit Union____ Athens Firemen's Credit Union Athens Postal Credit Union

-------------------

____________________

- ____ Athens ________ A t h e n s
_______Athens

The Acco Credit Union __

_________ A t l a n t a

Apaco Credit Union __

------------------------------- _______________

___Atlanta

Armour Atlanta Credit Union_

_____________________________ A t l a n t a

Armour Fertilizer Works Credit Union________ ______________

_______________________ A t l a n t a

A. B. & A. Railway Credit Union_ ______________

_____________________________ A t l a n t a

Atlanta City Employees' Credit Union__________________________

_____________ ____ Atlanta

Atlanta Firemen's Credit Union_

___________________

_Atlanta

Atlanta Journal Employees' Credit Union____

___Atlanta

Atlanta Postal Credit Union___________

________________________ -------------------- _____Atlanta

Atlanta Railway Postal Clerks Credit Union________________________

_______ A t l a n t a

Atlanta Savings Stores Credit Union ___ -------------------

---------------

___ A t l a n t a

Atlanta Teachers' Association Credit Union

---------------- --------------

.Atlanta

Atlanta Telco Credit Union ______ _____

-----------------------------

__ Atlanta

Atlanta Terminal Employees' Credit Union__________________________________________________Atlanta

Atlantic Steel Credit Union________

________________

______________

______ A t l a n t a

Circle "W" Credit Union__ _____________________________ -------------------------------

___ A t l a n t a

The Federal Employees' Credit Union Fulton Teachers' Credit Union_______

___________________ A t l a n t a _______________________________________ A t l a n t a

General Shoe Credit Association __________________ ----------------------------

_____ A t l a n t a

Genuine Parts Credit Union __________________________________________________________________________ Atlanta

Georgia League Credit Union__ ----------------------------------- ____________________________Atlanta

Georgia Standard Oil Emp. Credit Union_________

____________

_______ Atlanta

Ga.-W. P. General Office Credit Union

_____________________________________________ A t l a n t a

Georgian-American Credit Union__

------------------------------------ __________________Atlanta

J. M. Harrison Employees' Credit Union_____________________

_______Atlanta

The Harry Sommers Credit Union

___________________

_______________________ A t l a n t a

Hartford Credit Union

___________________ __________________ _____________________________Atlanta

Kraft-Phenix Employees' Credit Union_______________________ L. & R. Employees' Credit Union_ _________________

_________________ ___Atlanta _____________________ A t l a n t a

Lodge No. 1 (I. A. of M.) Credit Union________

--------------------------- ___________Atlanta

Mutual Benefit Credit Union

-------------------------------------------------------------- ___Atlanta

Mutual Savings Credit Union____________________________________________________________________________Atlanta

The Pullman Shop Employees' Credit Union_______________________________

___________Atlanta

R. E. A. Employees' Credit Union__________________________________________

___________ A t l a n t a

Rogers Credit Union ________ ____ __

----------------------------------------------------- _________Atlanta

Seaboard Employees' Credit Union_____________________________________________________________Atlanta

Southern Freight Tariff Bureau Emp. Credit Union ____________________________________Atlanta State Employees' Credit Union ______________________________________________________________________Atlanta

Swift Atlanta Employees' Credit Union____________________________________________________________Atlanta The Thrift Credit Union _________________________________________________________________________________Atlanta

Underwriters Credit Union __________________________________________________________________________Atlanta

United Automobile Workers Credit Union______________________________________________________Atlanta University Center Credit Union________________________________________________________________________Atlanta

Western & Atlantic Credit Union___________________________________________________________________Atlanta

White Provision Employees' Credit Union________________________________________________________Atlanta

J. Will Yon Hotel Employees' Credit Union________________________________________________Atlanta

XVI

DEPARTMENT OF BANKING

NAME

Location

Augusta F~deral Employees' Cr_edit lJnion -------------------------------------- --- ______Augusta Augusta F1re Department Cred1t Umon -------------------------------------------------------Augusta Augusta Police Department Credit Union_ --------------------------------------------------Augusta Georgia Railroad Employees' Credit Union____________________________________________________ Augusta

King Mill Credit Union ---------------- ---------- --------------------------------------------- __Augusta Columbus Postal Employees Credit Union____________________________________________________ Columbus

Art Furniture Employees' Credit Union____

------------------- ------------- ___ Macon

Federal Employees' Credit Union___ ---------------

------------------------------------------Macon

Hapgrade Credit Union---- ------------------------------ ------------------------- ----------------- _______ Macon

Macon Telephone Credit Union ------------------ -----------------------------------------------Macon

The Citizens Credit Union________________ ----------------------------------------- -----------------------Morven

Swift's Moultrie Employees' Credit Union

-------------------------- ------Moultrie

Sumter County Teachers' Credit Union---------------------------------------

____ Plains

Floyd County Postal Employees' Credit Union ___ ---------------------------------------- ____ Rome

Central Employees' Credit Union------------------------------------------------------ _____Savannah Chatham County Teachers' Assn. Credit Union __________ ----------- _______________ Savannah

Savannah Federal Credit Union ___ -------------------

_______ S a v a n n a h

Savannah Telco Credit Union----------------------------

-------------- __ Savannah

Seaboard Employees' Credit Union__________________ -------------- --------------------- ________ Savannah

Trainmen's Credit Union______________________________________ --------------------------------- ___ Savannah

Silvertown Credit Union____________________________________

------------------------- ___Thomaston

Tift County Postal Employees' Credit Union_______________________________

_______ Tifton

Postal Credit Union --------------------------------------- ---------------------------------- ---------Valdosta

Credit Unions Being Liquidated by Superintendent of Banks: Atlanta Police Department Credit Union, Atlanta Electrical Workers' Credit Union, Atlanta Ruralist Credit Union, Atlanta
Credit Unions Approved for Voluntary Liquidation: Exposition Cotton Mill Employees' Credit Union, Atlanta
Inactive Credit Union: Coastline Credit Union, Waycross.

EIGHTEENTH ANNUAL REPORT

XVII

Exhibit "R."

ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1937.

(With Comparative Statement as of December 31, 1936).

231 Banks and 8 226 Banks and 8 Branches as of Branches as of Dec. 31, 1937. Dec. 31, 1936.

RESOURCES:

Loans and Discounts____________________________________ $ 78,856,111.63

State of Georgia and Municipal Bonds owned 3,080,431.50

U. S. Government Securities owned ___

14,674,165.07

Other Stocks and Bonds owned__

8,580,369.23

Banking House and Lot; Furniture and

Fixtures ___ ______________ ______________

5,192,344.99

Other Real Estate owned __________________________ 5,078,270.44

Cash in Vault and Amount due from ap-

proved Reserve Agents; Checks for Clear-

ing and due from other Banks; Cash Items 44,958,223.12

Overdrafts __

55,190.89

Customers Liability on Letters of Credit

and Acceptances ___________________________________ _

71,168.20

Other Resources

528,403.50

$ 62,616,463.42 4,530,728.89
18,745,094.74 8,279,020.94
5,084, 733.70 5,274,769.36
59,151,566.52 214,004.88
49,701.64 1,144,426.06

TOTAL

______ $161,074,678.5 7 $165,090,510.15

LIABILITIES:

Capital Stock Capital Notes _____

____ __________ _____________ $ 13,877,000.00

______________________ _

2,088,050.00

Surplus Fund -----------------------------------

8,111,147.07

Undivided Profits ________________

_________________ 2,947,925.74

Reserve Funds _____________________________________

1, 702,550.29

Due to Banks

__________________________________ 11,005,707.71

Dividends Unpaid _____________________________________ 463,254.47

Cashier's and Certified Checks_____________________ 573,908.31

Demand Deposits

_____________________ 71,806,396.61

Time Certificates of Deposit _____________________ 11,767,820.64

Savings Deposits __ ____ __________________________ 34,596,442.67

Letters of Credit and Acceptances executed

for Customers ________________________________

71,168.20

Bills Payable and Notes and Bills Redis-

counted

______________ ________________

947,913.34

Other Liabilities ___________________________________________ 1,115,393.52

$ 13,531,000.00 2,438,500.00 7,676,678.90 2,380,145.42 1,458,532.17
16,473,842.69 420,061.25 815,442.49
71,590,520.47 15,636,839.88 30,827,282.06
49,701.64
192,762.45 1,599,200. 73

TOTAL ____________________________ -----------------------$161,074,678.57 $165,090,510.15

XVIII

DEPARTMENT OF BANKING

Exhibit "S." COMPOSITE STATEMENT OF EARNINGS OF STATE BANKS IN GEORGIA
FOR THE CALENDAR YEAR ENDED DECEMBER 31, 1937.
CURRENT OPERATING EARNINGS: Interest and discount on loans______________________________$4,657 ,048.80 Interest and dividends on securities____________________ 1,517,809.95 Commissions, fees, and collection, exchange, and service charges _______________ _________________ ___________ 1,041,899.72 Other current operating earnings _______________________ 1,123,821.41

Gross Current Operating Earnings____________________

CURRENT OPERATING EXPENSES:

Interest on time and savings deposits____ __________ $ 964,800.65

Interest and discount on borrowings _____________ _

102,655.23

Salaries, wages, and fees-total _________________________ 2,176,544.64

Taxes (other than on income) ______________________________ 567,585.34

Other expenses of occupancy and maintenance

of banking quarters ___________________________________________ 218,842.51

Other current operating expenses ____________

1,156,796.77

$8,340,579.88

Total Current Operating Expenses_______________________

$5,187,225.14

NET CURRENT OPERATING EARNINGS____________

$3,153,354.7 4

PROFITS ON ASSETS SOLD OR EXCHANGED, RECOVERIES, AND REDUCTIONS IN VALUATION ALLOWANCES:

Profits on securities sold or exchanged

___ $ 194,555.87

Profits on other assets sold or exchanged___

41,622.86

Recoveries and reductions in valuation allow-

ances on loans_______________

_________________

236,422.16

Recoveries and reductions in valuation allowances on securities . __________________________

25,070.80

All other recoveries and reductions in valuation

allowances ____ ___ _________________

________________ ___ 5 34,5 6 6. 51

Total Profits on Assets Sold or Exchanged,

Recoveries, and Reductions in Valuation

Allowances _________

_______________________________ __

SUB-TOTAL

LOSSES, CHARGE-OFFS, AND ADDITIONS TO

VALUATION ALLOWANCES:

On Loans _____________

- ----------- --- ---- ---- $ 591,404.43

On securities

211,207.48

All other losses, charge-offs, and additions to

valuation allowances_

1,225,228.89

$1,032,238.20 $4,185,592.94

Total losses, Charge-Offs, and Additions to Valuation Allowances ____
NET PROFITS BEFORE INCOME TAXES AND DIVIDENDS
INCOME TAXES, FEDERAL AND STATE _

$2,027,840.80
$2,157,752.14 221,448.03

NET PROFITS AFTER INCOME TAXES CASH DIVIDENDS DECLARED AND IN-
TEREST PAID ON CAPITAL-TOTAL____ NET PROFITS AFTER DIVIDENDS

$1,936,304.11
$1,113,325.36 $ 822,978.75

EIGHTEENTH ANNUAL REPORT

1

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks.

A. J. DURHAM,

J. E. CARNES,

President.

Cashier.

Date of Charter: 10-31-1905

Began Business: 12-19-1905

RESOURCES:

Loans and Discounts

----------- $ 77,383.21

State of Georgia f}nd Municipal

Bonds owned ----------------------- _____ _ 5,171.29
u. S. Government Securities owned 10,600.00

Other Stocks and Bonds owned Banking House and Lot--

None 2,000.00

Furniture and Fixtures __

1,843.37

Other Real Estate owned-

6,258.34

Cash in Vault and Amount due

from approved Reserve Agents_ 73,175.82

Checks for Clearing and Due from

other Banks -

362.43

Cash Items Overdrafts

None 429.45

Advance on Cotton and other

Commodities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources ------------------

11.49

LIABILITIES:

Capital Stock

---------- s 25,000.00

Capital Notes

None

Surplus Fund -

5,000.00

Undivided Profits

3,073.24

Reserve Funds

466.24

Due to Banks -

None

Dividends Unpaid _________ ------

750.00

Cashier's Checks

440.%

Certified Checks

).Jone

Demand Deposits

83,859.94

Time Certificates of Deposits

58,645.02

Savings Deposits

None

L(>tters of Credit and Acceptances

executed for Customers

None

Dills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ------------------- ______ _

None

Total

..... 8177,235.40

Total

------ ... $177 ,2 3 5.4 0

STATEMENT Showing condition at the close of Business December 31, 1937, of the

S. LEMON BANKING CO. Acworth, Ga.

As called for by the Superintendent of Banks.

W. HILTON NICHOLS, President.
Date of Charter: 12-18-1906

LEMON M. AWTREY Cashier.
Beg-an Business: 1-1-1907

RESOURCES:

Loans and Discounts

--------S 76,731.65

State of Georgia and 1\-lunicipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned _

None

Banking House and Lot -

2,500.00

Furniture and Fixtures

2,250.00

OthPr Re_al Estate owned __

8,817.37

Cash in Vault and Amount due

from approved Reserve Agents 31,432.49

Checks for Clearing and Due from

other Banks

537.37

Cash Items

None

Overdrafts

726.66

Advance on Cotton and other Com-

modities

6,342.18

Customers Liability on Letters of

Credit and Accept_ances

1,147.43

Profit and Loss

---------------- -

None

Other Resources

238.81

Total

_________ $13 0, 7 2 3. 9 6

LIABILITIES:

Capital Stock

s 20,000.00

Capital Notes

15,000.00

Surplus Fund

None

Undivided Profits

3,616.57

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

CashiPr's Checks

1,205.78

Certified Checks

None

Demand Deposits

42,469.16

Time CertifiGates of Deposits

:15,673.16

Savings Deposits

12,7 59.29

Letters of Credit and Acceptances

exr_,cuted for Customers __

None

Bills Payable

None

Notes and BiliB Rediscounted

None

Other Liabilities

None

o, Total ------------~----------- -----------------~-------S 13 7 2 3. 9 6

2

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks.

M. P. GAINES,

0. B. BISHOP,

President.

Cashier.

Date of Charter: 3-21-1899

Began Business: 3-24-1899

RESOURCES:

Loans and Discounts

__________ $ 59,703.16

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stccks and Bonds owned __

2,860.00

Banking House and Lot--

3,100.00

Furnitu-re and Fixtures

1,400.00

Other Real Estate owned ____ _

None

Cash in Vault and Amount due

from approved Reserve Ag-ents 110,075.85

Checks for Clearing and Due from

other Banks -

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

$177,139.31

LIABILITIES:

Capital Stock

___ $ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

2, 764.87

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

1,560.60

DPmand Deposits

122,001.01

Time Certificates of Deposits __

20,812.83

S.a vings Deposits

None

Leti,:rs of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities _

None

Total

-------$177,139.31

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BRYAN BANK Adel, Ga.

As called for by the Superintendent of Banks.

G. W. BRYAN, President.
Date of Charter: 2-27-1929

J. B. SASSER, Cashier.
Began Business: 3-1-1929

RESOURCES:

Loans and Discounts _____

$ 51,941.17

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 15,000.00

Other Stocks and Bonds owned __

None

Banking House ::tnd Lot____

1,600.00

Furniture and Fixtures

500.00

Other Real Estate owned___ ______ _

None

Cash in Vault and Amount due

from approved Reserve Agents __ 204,601.66

Checks for Clearing and Due from

other Banks

----------------

2,526.24

Cash Items

131.65

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credits and Acceptances

None

Profit and Loss __

None

Other Resources ---

None

Total ----

---------------------- _____ $27 6,3 00.72

LIABILITIES:

Canital Stock

- $ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

5,122.13

Reserve Funds

1,161.33

Due to Banks

None

Dividends Unpaid

2,000.00

Cashier's Checks

2,055.01

Certified Checks

None

Demand Deposits

219,081.48

Time Certificates of Deposits _

16,880.77

Savings Deposits ------ ------ -- ---------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __ -

None

Other Liabilities -----------

None

Total

___ $276,300.72

EIGHTEENTH ANNUAL REPORT

3

STATEMENT Showir:g condition at the dose of Business December 31, 1937, of the

MONTGOMERY COUNTY BANK

Ailey, Ga.

As called for by the Superintendent of Banks.

W. J. PETERSON,

MISS MARY SMITH,

President. Date of Charter: 2-24-2 6

Cashier. Began Business: 3-1-26

RESOURCES:

Loans and Discounts

_S

State- of Georgia and Municipal

Bonds owned

U. S. Government Securities owned

Other Stocks and Bonds O\Vned __

Banking House and Lot

Furniture and Fixtures Other Real Estah~ owned_

Cash in Vault and Amount due

from approved Reserve Agents __

Checks for Clearing and Due from

oth('r Banks

Cash Items

Overdrafts

Advance on Cotton and other Com-

modities

-

Customers Liability on Letters of

Credit and Acceptances

Profit and Loss __

Other Resources

33,326.00
None 5,250.00 3,000.00
None 1.00 1.00
97,293.19
None None None
6,001.61
None None 100.00

Total

--- ------3144,972.80

LIABILITIES:

Capital Stock

- -- $ 15,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undividtd Profits

1,000.00

Reserve Fund

None

Due to Banks

None

Dividends Unpaid

750.00

Cashi.,r's Checks

34.00

Certified Checks

None

Demantl Deposits

115,422.86

Time Certificates of Deposits __

7, 765.94

Savings Deposits

None

Letters of Credit and Acceptances

cxecutt:d for Customers __

None

lli!ls Payable

None

Notes and Bills Rediscounted

None

Other Liabilities --------------- --------------

None

Total

------------------------- --------------814 4, 9 72.8 0

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ALAPAHA Alapaha, Ga.

As called for by the Superintendent of Banks.

F. 0. BAKER,

J. A. CULPEPPER,

President.

Cashier.

Date of Charter: 3-4-1905

Began Business: 3-25-1905

RESOURCES:

Loans and Discounts

$107,R74.2,1

State of Georgia and Municipal

Bonds ownPrl

None

U. S. Government Securities owned 20,033.75

Other Stocks and Bonds owned __

None

Banking House and Lot__

3,125.00

Furniture and Fixtures

2,000.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 143,277.n6

Checks for Clearing- and Due from

other Banks

None

Cash Items

13.90

Overdrafts

---

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss

None

OtheT Resources

None

Total

. $276,324.85

LIABILITIES:

C3pital Stock

-----------S 30,000.00

Capital Notes

None

Surplus Fund

15,000.00

Und.ivic1ed Profits

13,872.96

RcserYe Funds

2,62H.25

Dae to Banks

None

Divitlends Unpaid

None

C:u;hicr's Checks

147.47

Cer'<-ified Checks

1,300.00

Demand Deposits

143,911.79

Time Certificates of Deposits

6~.-163.38

Savings Deposits

None

Leiters of Credit and Acceptftnces

executed for Customers

None

Dills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

$276,324.85

4

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ALBANY TRUST & BANKING COMPANY Albany, Ga.

As called for by the Superintendent of Banks.

A. P. VASON,

C. L. NEUMAN

President.

Cashier. '

Date of Charter: 6-13-1905

Began Business: 6-1905

RESOURCES:

Loans and Discounts _______________ ----- S422,532.70

State of Georgia and Municipal

Bonds owned

-----------------

None

U. S. Government Securities owned 30,100.00

Other Stocks and Bonds owned .

None

Banking House and Lot

24,323.28

Furniture. and Fixtures -

742.14

Other Real Estate owned

18,450.00

Cash in Vault and Amount due

from approved Reserve Agents 25,471.50

Checks for CIE'aring and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advances on Cotton and other

Commodities

-------------

None

Customers Liability on Letters of

Credit and Acceptances -

None

Profit and Loss

None

Other Resources

None

Total -- -. -------- ----------- ...... $521,619.62

LIABILITIES:

Capital Stock

-- s100,000.00

Capital Notes ------- --------

50,000.00

Surplus Fund -----------------

20,000.00

Undivided Profits

----------- 6,536.77

Reserve Funds

120,242.67

Due to B;mks ---------------------- --

None

Dividends Unpaid

4,000.00

Cashier's Checks

None

Certified Checks

None

Demand Deposits

None

Time Certificates of Deposits __

60.201.18

Savings Deposits

150,63~.00

LPttcrs of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

N otcs and Bills Rediscounted _

None

Other Liabilities

10,000.00

Total

$521,610.62

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF COMMERCE Americus, Ga.

As called for by the Superintendent of Banks.

CHARLES F. CRISP,

H. P. ANDERSON,

President.

Cashier.

Date of Charter: 10-13-1891

Began Business: 1-2-1892

RESOURCES:

Loans and Discounts --------- $898,457.66

State of Georgia and Municipal

Bonds owned

174,955.44

U. S. Government Securities owned 353,284.00

Other Stocks and Bonds owned-- 55,350.00

Banking House and Lot,

Furniture and Fixtures

15,000.00

Other Real Estate owned

15,553.37

Cash in Vault and Amount due

from approved Reserve Agents 532,D38.03

Checks for Clearing and Due from

other Banks _- -

19,523.22

Cash Items -------------------.--

None

Overdrafts -----------------------

None

Advances on Cotton ----

4,044.67

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources --------------------

None

Total

------------------ -------------$ 2,0 6 9,1 0 6. 39

LIABILITIES:

Capital Stock ----------------

..$ 65,000.00

Capital Notes

----------- ___

None

Surplus Fund

200,000.00

Undivided Profits

107,576.26

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

3,6S0.99

Certified Checks

None

Demand Deposits ---- -------------- 1,057.24S.78

Time Certificates of Deposits

209,577.68

Savings Deposits

426,022.68

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable ------------------------

None

Notes and Bills Rediscounted_

None

Other Liabilities

None

Total ------------------- ___________ $ 2,0 6 9' 1 0 6. 39

EIGHTEENTH ANNUAL REPORT

5

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK OF AMERICUS Americus, Ga.

As called for by the Superintendent of Banks.

LEE HUDSON,

J. D. SHEPARD,

President.

Cashier.

Date of Charter: 2-20-1937

Began Business: 3-25-1937

RESOURCES:

Loans and Discounts

_______ $143,432.96

State of Georgia and Municipal

Bonds owned __

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned Banking House and LoL_

None None

Furniture and Fixtures

2,007.49

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 55,378.00

Checks for Clearing and Due from

other Banks

---------------- 7,485.94

Cash Items -----------------

76.00

Overdrafts ---- -----------

1.96

Advance on Cotton and other Commodities

None

Customers Liability on Letters of Credit and Acceptances ___

None

Profit and Loss

1,555.89

Other Resources

64.99

Total

----------------- .$210,003.23

LIABILITIES:

Capital Stock ------------ ___ _____ ------$ 50,000.00

Capital Notes

None

Surplus Funds

10,000.00

Undivided Profits

None

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

42.65

Certified Checks

None

Demand Deposits

127,030.75

Time Certificates of Deposits __

ll,R90.00

Savings Deposits

11,039.83

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bi1ls Rediscounted __

None

Other Liabilities ---------- --------

None

Total

---------------- .. $210,003.23

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BOSTWICK BANKING COMPANY Arlington, Ga.

As called for by the Superintendent of Banks.

W. E. BOSTWICK, JR.,

CARL CLEMENTS,

President.

Cashier.

Date of Charter: 8-27-1935

Began Business: 3-1-1936

RESOURCES:

Loans and Discounts ------

----- $ 52,87 4.46

State of Georgia and Municipal

Bonds owned -

1,927.86

U. S. Government Securities owned 5,064.28

Other Stocks and Bonds owned--

None

Banking House and Lot ____ _

1,300.00

Furniture and Fixtures ------------------- 1,300.00

Other Real Estate owned-

None

Cash in Vault and Amount due

from approved Reserve Agents 22,194.73

Checks for Clearing and Due from

other Banks

605.69

Cash Items

------------------

None

Overdrafts

------

7.49

Advance on Cotton and other Com~

modities --- ------------------------

33,203.05

Customers Liability on Letters of

Credit and Accept~nces

None

Profit and Loss

--------------------

None

Other Resources _- ---------------

None

Total ------------------------------- ____________$118' 4 7 7. 56

LIABILITIES:

Capital Stock ------------------------ --------S 15,000.00

Capital Notes

None

Surplus Funds

3,000.00

Undivided Profits

None

Reserve Funds _ ------------------------

2,712.04

Due to Banks

None

Dividends Unpaid

900.00

Cashier's Checks

None

Certified Checks

None

Demand Deposits

96,415.79

Time Certificates of Deposits _____ _

None

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable --------------------~-

None

Notes and Bills Rediscounted

None

Other Liabilities

449.73

Total

--------------------------------- ---------$118,4 7 7. 56

6

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ASHBURN BANK

AshbUIn, Ga.

As called for by the Superintendent of Banks.

C. E. THRASHER,

R. H. GREEN,

President.

Cashier.

Date of Charter: 7-3-1900

Began Business: 7-1900

RESOURCES:

Loans and Discounts

__ $142,380.35

State of Georgia and 1\-:iunicipal

Bonds owned

None

U. S. Government Securities owned 33,825.00

Other Stocks and Bonds owned

None

Banking House and Lot

None

Furniture and Fixtures __

2,357.22

Other Real Estate owned

7,900.00

Cash in Vault and Amount due

from approved Reserve Agents __ 83,440.68

Checks for Cle_aring and Due from

other Banks - ---------- -- --------- -

1,002.84

Cash Items

- ------------- ---------------

201.50

Overdrafts

None

Advance on Cotton and other Com-

modities

120,923.60

CustomPrs Li.ability on Letters of

Credit and Acceptances _

None

Profit and Loss -----------------

None

Other Resources

-----------------

None

Total

.. $392,031.19

LIABILITIES:

Capj1..al Stock

---- 8 25,000.00

Capital Notes

10,000.00

Surplus Fund

25,000.00

UndiviJed Profits

36,249.60

Reserve Funds Due to Banks ------------------------

5'27N:>~nG;?

Dividend~ Unpaid -------- --------

None

Cashier's Checks

651.32

Certified Checks

None

Demand Deposits

190,087.87

Time Certificates of Deposits-

17,5:30.24

Savings Deposits

49,739.54

Letters of Credit and Acceptances

exeeuted for Customers

None

Bills Payable

12,500.00

Notes and Bills Rediscounted-

20,000.00

Other LiabiJities

None

Total

........ S3n,031.19

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS BANK OF ASHBURN Ashburn, Ga.

As called for by the Superintendent of Banks.

D. H. DAVIS,

K. P. BAKER,

President.

Cashier.

Date of Charter: 7-27-1905

Began Business: 10-25-1905

RESOURCES:

Loans and Discounts

. $111,923.00

State of Georgia and Municipal

Bonds owned

2,000.00

U. S. Government Securities owned 11,700.00

Other Stocks and Bonds owned __

None

Banking House and LoL_

10,000.00

Furniture and Fixtures __

2,500.00

Other Real Estate owned__

2,065.65

Cash in Vault and Amount due

from approved Reserve Agents__ 118,571.14

Checks for Clearing and Due from

other Banks -

127.10

Cash Items

................. ..

338.73

Overdrafts - - ------------------ ------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ------------------

None

Other Resources ----------- -----

None

Total

...................................... $259,225.62

LIABILITIES:

Capital Stock

--------$ 25,000.00

Capital Notes

None

Surplus Funds

30,000.00

Undivided Profits

20,211.00

Reserve Funds

1,100.00

Due to Banks

10,138.90

Dividends Unpaid

None

Cashier's Checks

1,668.16

Certified Checks

592.00

Demand Deposits

112,7<6.-!8

Time Certificates of Deposits--

21,584.74

Savings Deposits

36,154.34

Letters of Credit and Acceptances

executed for Customers ____ _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

..................................... $259,225.62

EIGHTEENTH ANNUAL REPORT

7

STATEMENT Showing condition at the close of Bu5iness December 31, 1937, of the

AMERICAN SAVKNGS BANK

Atlanta, Ga.

As called for by the Superintendent of Banks.

J. G. ST. Al',IAND,

EUGENE G. \VEBB,

President.

Cashier.

Date of Charter: 12-27-1886

Began Business: 1887

RESOURCES:

Loans and Discounts

_____ 8763,7 44.42

State of Georgia and Municipal

Bonds owned ------------------------------

None

u. s. Government Securities owned 225,573.14

Other Stocks and Bonds owned__

None

Banking- House and Lot

133,110.20

Furniture and Fixtures

3,000.00

Other Real Estate owned

72,637.83

Cash in Vault and Amount due

from approved Reserve Agents

29,517.01

Checks for Clearing and Due from

other Banks

1,257.40

Cash Items ----------------------------

79.50

Overdrafts

__ ------------------------------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances -

None

Profit and Loss ------------------------------

None

Other Resources __________________ ---------- 3,060.68

Total

________ $1 ,2 31,989.18

LIABILITIES:

Capital Stock --------------------------- ______ S2 0 0. 0 0 0. 0 0

Capital Notc>s

None

Surplus Fund

100,000.00

Undivided Profits

5,143.70

Heserve Funds

5,390.00

Due to Danks

None

Divldt~nds Unpaid

None

Cashier's Checks

None

Certified Checks ---------------------

None

Demand Deposits ---------------------

None

Time Certificates of Deposits __

140,214.60

Savings Deposits

507,2'00.55

Letters of CrE>dit and Acceptances

executed for Customers __

None

Dills Payable

125,000.00

Notes and Bills Rediscounted __

None

Other Liabilities ------ .------

148,970.33

Total

------------------------------- s1,2 31' 9 89.18

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS TRUST COMPANY Atlanta, Ga.

As called for by the Superintendent of Banks.

A. T. vVALDEN,

L. D. MILTON,

President.

Cashier.

Date of Charter: 7-16-1921

Began Business: 8-16-1921

RESOURCES:

Loans .and Discounts

--- ____ $167,283.18

State of Georgia and Municipal

Bonds owned

1.000.00

U. S. Government Securities owned 56,412.74

Other Stocks and Bonds owned __ 169,827.98

Banking House and Lot--------------

None

Furniture and Fixtures--

15,039.00

Other Real Estate owned_

31,668.75

Cash in Vault and Amount due

from approved Reserve Agents 45,378.60

Checks for Clearing and Due

from other Banks

834.87

Cash Items _

None

Overdrafts

None

Advance on Cotton and other Com-

m.odities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources .

6,083.44

Total

----------- $49 3, 52 8.5 6

LIABILITIES:

Capital Stock ----------------------------------8 50,000.00

Capital Notes

25,000.00

Surplus Fund

7,000.00

Undivided Profits

1,270.19

Reserve Funds

973.42

Due to Banks ------------------

None

Dividends Unpaid

None

Cashier's Checks

4,167.73

Certified Checks ------------------

958.80

Demand Deposits -------------------------- 96,240.63

Time Certificates of Deposits--

5,105.42

Savings Deposits

297,850.19

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

4,962.18

Total ----- ---------------------------- _______________ 34 9 3,52 8.56

8

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

EAST ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

M. A. THOMPSON,

E. J. STRIPLIN

President.

Cashier. '

Date of Charter: 11-11-1910

Began Business: 11-15-1910

RESOURCES:

Loans and Discounts

---$249,917.41

State of Georgia and Municipal Bonds ownerl ___________________ ---- __ 23,800.00

U. S. Government Securities owned 25,000.00

Other Stocks and Bonds owned __

5,000.00

Banking House and Lot__

10,173.74

Furniture and Fixtures _

5,203.38

Other Real Estate owned ____ _

3,052.99

Cash in Vault and Amount due

from approved Reserve Agents__ 160,610.75

Checks for Clearing and Due from

other Banks

12,923.52

Cash Items

436.15

Overdrafts ------------------ -------------- ----

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances....

None

Profit and Loss ---------------Other Resources ___________________ _

None None

Total

----------------- ______ $496,117.94

LIABILITIES:

Capital Stock Capital Notes Surplus Fund Undivided Profits Reserve Funds
Due to Banks ------------------Dividends Unpaid Cashier's Checks Certified Checks Demand Deposits

25,000.00 14,900.00
5,000.00 1,354.76 3,900.00
None 1,000.00 4,795.88
None 198,385.76

Time Certificates of Deposits _____ 15,509.27

Savings Deposits

226,272.27

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable --------------------------

None

Notes and Bills Rediscounted

None

Other Liabilities ----------------------------

None

Total ------------------------------------- -------- -- $ 4 9 6,11 7. 9 4

STATEMENT Showing condition at the close of Business December 31, 1937, of the

GEORGIA SAVINGS BANK & TRUST CO. Atlanta, Ga.

As called for by the Superintendent of Banks.

GEORGE M. BROWN,

C. P. HUNTER,

President.

Cashier.

Date of Charter: 10-26-1889

Began Business: 9-1-1899

RESOURCES:

Loans and Discounts

$1,262,351.85

State of Georgia and Municipal

Bonds o'vned

None

U.S. Government Securities owned 80,000.00

Other Stocks and Bonds owned 2,602,320.41

Banking House and LoL

425,916.33

Furnitu-re and Fixtures__

7,291.31

Other Real Estate owned__

251,966.78

Cash in Vault and Amount due

form approved Reserve Agents 203,058.80

Checks for Clearing and Due

from other Banks __ ------------------ 16,464.20

Cash Items

None

Overdrafts

None

Advance on Cotton and other

Commodities ------------------------------

None

Customers Liability on Letters of

Credit and Acceptances ------

None

Profit and Loss __

None

Other Resources -----------------

None

Total

------------$4,849,3 69.68

LIABILITIES:

Capital Stock ------------------ ______ $ 500,000.00

Capital Notes

497,500_00

Surplus Fund

100,000.00

Undivided Profits ----------------------- 110,979.17

Reserve Funds

102,000.00

Due to Banks .. ---------------------

None

Dividends Unpaid ----

104.00

Cashier's Checks ---

None

Certified Checks

None

Demand Deposits

73,220.00

Time Certificates of Deposits

394,885.33

Savings Deposits

2,871,691.50

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

---------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities

______ --------- _ 198,989.68

Total ----------------------------------------------$4,8 4 9, 3 6 9. 6 S

EIGHTEENTH ANNUAL REPORT

9

STATEMENT Showing condition at the close of Business December 31, 1937, of 1the

THE MORRIS PLAN BANK OF GEORGIA

Atlanta, Ga.

As called for by the Superintendent of Banks.

GEORGE WINSHIP,

C. T. GREER,

President.

Exec. V. P. & Treas.

Date of Charter: 11-27-1933

Began Business: 12-5-1933

RESOURCES:

Loans and Discounts

--- .$1,364,141.73

State of Georgia and Municipal

Bonds o\vned

None

U. S. Government Securi-

ties o\vned __ _

83,820.52

Other Stocks and Bonds owned._

20,564.22

Banking House and Lot __

None

Furniture and Fixtures __

7,095.57

Other Real Estate owned

38,572.76

Cash in Vault and Amount due

from approved Reserve Agents 106,925.02

Checks . for Clearing and Due

from other Banks __

8,170.24

Cash Items

32.25

O,erdrafts

None

Advance on Cotton and other

Commodities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

1,650.52

Total

--- _ S1,630,972.B3

LIABILITIES:

Capital Stock _

------------ -------S 200,000.00

Capit;:~l Notes

None

Surplus Fund

50,000.00

Undivided Profits

30,473.09

Reserve Funds --------- --------- _____ _ 67,722.94

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

10,098.14

Certified Checks

3.95

Demand Deposits

16,812.04

Time Certificates of Deposits _

47,022.50

Savings Deposits

1,208,189.79

Lettprs of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

650.38

Total

$1,630,972.83

STATEMENT Showing condition at the close of Business December 31, 1937, of 1the

THE PEOPLES BANK

Atlanta, Ga.

As called for by the Superintendent of Banks.

R. R. LANHAM,

R. T. LEPPERT,

President.

Cashier.

Date of Charter: 8-13-1935

Began Business: 8-31-1935

RESOURCES:

Loans and Discounts_

_____ $153,619.39

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot _______ --

None

Furniture and Fixtures ----------

None

Other Real Estate owned -

None

Cash in Vault and Amount due

from approved Reserve Agents __ 15,829.19

Checks for Clearing and Due from

other Banks

-- ---------------

None

Cash Items

None

Overdrafts

-------

None

Advance on Cotton and other Com-

m-odities

None

Customers Liability on Letters of Credit and Acceptances ___________

None

Profit and Loss

-----------------

None

Other Resources

1,076.89

Total

.$170,525.47

LIABILITIES:

Capital Stock Capital Notes Surplus Funds Undivided Profits Reserve Funds Due to Banks _ Divi(lends Unpaid Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits Savings Deposits Letters of Credit ~nd Acceptances
executed for Customers Bills Payable Notes and Bills Rediscounted __
Other Liabilities --------

50,000.00 None
8,105.71 19,494.00
None None None None None None None 28,567.31
None 221.00 41,785.62 22,351.83

Total

- ..$170,525.47

10

DEPARTMENT OF BA~':KING

-------------------------------------------

STATElMENT

Showing condition at the dose of BL,dness December 31, 1937, of the

SOUTH S!DE ATLANTA BANK 1713 Lakewoo:l Ave., Atlanta, Ga.

As called for by the Superintendent of Banks.

WALTER ESTES,

E. COWAN,

President.

Cashier.

Date of Charter: G-24-1929

Began Business: 7-1-1929

RESOURCE~,:

Loans and Discounts

S )6,387.20

State of Georgia and Municioal

llondD O\vncd

44,958.02

U. S. Government Securities O\vned 80,180.52

Other Stoeks and Bonds ownetl

7,197.50

Banking House anrl Lot_

8,250.00

F 1urniture and Fixtures __ _

1,SDO.OO

Other Real Estate owned _-

14,777.71

Cash in Vault and Amount rlue

from approved Reserve Agents 55,163.63

Checks for Clearing and Due from

other Banks

4,037.21

Cash ltcms

None

Overdrafts

None

Advance on Cotton and other Com-

modities

2,235.60

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss __

None

Other Resources -----------------

12,633,54

Total

$327,711.02

LIABILITIES:

Ca;)iial Stock

---- :3 25,000.00

Capital Xotes

None

Su~r~lns Fund

5,000.00

Pnt_liYided Profits

3~6.01

Rest?rve Funds

None

Due to Banks

None

Diviaenrls Unpaid

1,000.00

Cashier's Checks

281.18

~ertificd Cht?cks

None

Dcmnnrl Deposits

15!3,653.47

Time- Certificates of Deposits

23.00

Savings Deposits

. 135,772.68

LE.tte:rs of Credit and Acceptances

executed for Customers __

None

Bill' Paye ble

None

N OtE:Os and Bills Rediscounted _

None

Other Liabilities

594.68

Total

-- $327.711.02

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SOUTHERN SAVINGS BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

J. G. BURCKHARDT, JR.,

BESSIE BRYAN,

President.

Cashier.

Date of Charter: 12-5-1934

Began Business: 1-1-1935

RESOURC>~S:

Loans and Discounts__

_ $325,308.42

Sfate of Georgia and l'vlunicipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned _

None

Banking House and Lot__

None

Furniture and Fixtures _

624.33

Other Real EstJite owned

None

Cash in Vault and Amount due

from approved Reserve Agents 9,279.76

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss--

None

Other Resources

345.60

Total

-- ---- .. S335,558.11

LIABILITIES:

Ca~Jital Stock

------- ---S 50,000.00

C<!Pital N ott?s

None

Surplus Fund

10,000.00

Undivided Profits

5,541.54

Reserve Funds

9,06-!.90

Due to Banks __

None

Dividends Unpaid

None

C:::shi('r's Checks

None

Certified Checks

None

Demand Deposits

None

Time Certificates of Deposits

115,500.00

Savings Deposits

133,774.00

Letters of Crerlit anrl Acceptances

executed for Customers __

None

Bills Payable

10,000.00

Notes and Bills Rediscounted

None

Other Liabilities

1,677.67

Total

------- $335,558.11

EIGHTEENTH ANNUAL REPORT

11

STATEMENT Showing condition at the clos;o of Business December 31, 1937, of the

TRUST COMPANY OF GEORGIA Atlanta, Ga.

As called for by the Superintendent of Banks.

ROBERT STRICKLAND,

DAMERON BLACK,

President.

V. P., Secty. & Treas.

Date of Charter: 9-21-1891

Began Business: 11-8-1891

RESOURCES:

Loans and Discounts__

Sll,727,411.86

State of Georgia and Municipal

u. B oSn.d s

owned Government

Securities

None

owned

1,805,102.56

Other Stocks and Bonds O\Vned 1,46.1,405.6R

Banking House and Lot-

1,104,458.35

Furniture and Fixtures_

None

Other Real Estate owned __

815,835.51

Cash in Vault and Amount due

from approved Reserve Agents 10,176,017.15

Checks for Cle.aring and Due

from other Banks __

None

Cash Items

26,099.03

Overdrafts

338.25

Advance on Cotton and other

Commodities

None

Customers Liability on Letters

of Credit and Acceptances------

None

Profit and Loss..

None

Other Resources ------------- -------- ----- 141,705.52

Total

- ...$27,261,373.91

LIABILITIES:

Capital Stock

--------- _________ s 2,000,000.00

Capital Notes -

None

Surplus Fund

2,000,000.00

Undivided Profits

551,825.07

Rt>serve Funds

173,126.22

DuC' to Banks -----------------------

7,604,827.06

Dividends Unpaid

260,000.00

Cashier's Checks ____________________ _

None

Certified Checks

None

Demand Deposis

12,267,948.65

Time Certificates of Deposits ____ 551,855.97

Savings Deposits

1,227,024.00

Letters of Credit and Accept-

ances executed for Customers

None

Bills Payable

None

Notf's and Bills Redh:;counted ___ _

None

Other Liabilities

624,766.94

Total

------------------------- _____ $2 7,2 61,37 3.91

STATEMENT Showing condition at the close of Business December 31, 1937, of the

GEORGIA RAILROAD BANK & TRUST COMPANY Augusta, Ga.

As called for by the Superintendent of Banks.

C. H. PHINIZY,

SHERMAN DRAWDY,

President.

Cashier.

Date of Charter: 11-15-1892

Began Business: 12-31-1892

RESOURCES:

Loans and Discounts ------------------55,507,219.54

State of Georgia and Municipal

Bonds owned

482,107.42

U. S. Government Securities owned 977,291.49

Other Stocks and Bonds owned 174,204.99

Banking House and Lot __

150,979.57

Furniture and Fixtures

18,727.91

Other Real Estate owned __

163,989.79

Cash in Vault and Amount due

from approved Reserve Agents 2,147,439.38

Checks for Clearing and Due

from other Banks ------------------- 177,366.87

Cash Items

----------------------- 20,348.33

Overdrafts

193.84

Advance on Cotton and other

Commodities

None

Customers Liability on Letters

of Credit and Acceptances ______ 51,990.00

Profit and Loss ________________

None

Other Resources

41,373.80

Total

_____________________________________ $ 9, 913,2 3 2. 9 3

LIABILITIES:

Capital Stock

_______ $ 750,000.00

Capital Notes ---------------------------

None

Surplus Fund

__ ________ _______ 300,000.00

Undivided Profits ____________________

178,245.53

Reserve Funds ________________ Due to Banks_______________________

3,900.00 1,936,687.06

Dividends Unpaid __ Cashier's Checks ________ ,______________

None 30,129.88

Certified Checks _ --------------------------

2,269.35

Dem.and Deposits

---------------- 3,012,052.10

Time Certificates of Deposits....

940.09

Savings Deposits

3,647,018.92

Letters of Credit and Acceptances

executed for Customers__

51,990.00

Bills Payable

None

Notes and Bills Rediscounted....

None

Other Liabilities

-------------------

None

Total - ______________________________________ $9,913,232.93

12

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

REALTY SAVINGS BANK Augusta, Ga.

As called for by the Superintendent of Banks.

J. LEE ETHEREDGE,

L. W. LYETH,

President.

Cashier.

Date of Charter: 12-23-1933

Began Business: 12-30-1933

RESOURCES:

Loans and Discounts --- ------ _______ $ State of Georgia and Municipal
Bonds owned U. S. Government Securities
owned Other Stocks and Bonds owned B.anking House and Lot-_ Furniture and Fixtures
Other Real Estate owned Cash in Vault and Amount due
from approved Reserve Agents
Checks for Clearing and Due from other Banks
Cash Items Overdrafts Advance on Cotton and other
Commodities Customers Liability on Letters
of Credit and Acceptances __ Profit and Loss ___ _
Other Resources

862,805.17
None
73,271.20 4,996.39
16,773.96 LOO
153,502.24
35,744.24
10,371.85 None None
None
None None 3,250.50

Total

----- ___ $1,160,716.55

LIABILITIES:

Capital Stock

---- ______ $

Capital Notes

Surplus Fund

Undivided Profits --------------------- ____

Reserve Funds

Due to Banks

Didctends Unpaid

Cashier's Checks

Certified Checks

Demand Deposits

Time Certificates of Deposits____

Savings Deposits

LC'tters of Credit and Accept-

ances executed for Customers

Bills Payable

Notes nnd Biils Rediscounted ____

Other Liabilities

100,000.00 100,000.00
28,000.00 10,624.66 15,11 L14
None None None None None 200, 72Q.73 701,251.02
None None None None

Total

-- ---- ---------------------- - . - s1' 16 0' 716.5 5

STATEMENT Showing condition at the dose of Business December 31, 1937, of the

AUSTELL BANK

Austell, Ga.

As called for by the Superintendent of Banks.

L. G. GARRETT,

C. C. PERKERSON,

President.

Cashier.

Date of Charter: 1-3-1910

Began Business: 1-10-1910

RESOURCES:

Loans and Discounts~-

-------------~$133,144.65

State of Georgia and Municipal

Bonds owned

6,593.00

U. S. Government Securities owned 40,000.00

Other Stocks and Bonds owned

3,655.00

Banking House and Lot__

None

Furniture and Fixtures

2,622.24

Other Real Est..-~te owned

11,905.71

Cash in Vault and Amount due

from approvPd Reserve Agents 63,820.73

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

263.-15

Advance on Cotton and other Com-

modities

20,332.83

Customers Liability on Letters of

Credit and Acceptances __

None

Profit ancl Loss_

None

Other Resourct:s

613.91

Total

----- ---------------- --- .. $2 8 2 '9 81.5 2

LIABILITIES:

Capital Stock

--------S 15,000.00

Capital Notes ----------- --- --------

15,000.00

Surplus Fund

5,000.00

Undivided Profits

1,538.43

Reserve Funds

1,000.00

Due to Banks __

5,000.00

Dividends Unpaid

None

Cashier's Checks

65.SS

Certified Checks ____ ---------------------------

None

Demand Deposits

151,5S4.45

Time Certificates of Deposits ---- 65,528.50

Saving-s Deposits

23,264.26

Letters of Credit and Acceptances

Executed for Customers __

None

Bills Payable

None

N ctes nnd lli!ls Rediscounted_ ...

None

Other Liabilities

No::1e

Total

- $282,981.52

EIGHTEENTH ANNUAL REPORT

13

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS BANK AND TRUST CO. Bainbridge, Ga.

As called for by the Superintendent of Banks.

H. L. GANS,

E. F. VICKERS,

President.

Cashier.

Date of Charter: 2-17-1920

Began Business: 12-19-1911

RESOURCES:

Loans and Discounts _____________ ----~-~ $399,266.01

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 3,000.00

Other Stocks and Bonds owned _ 55,000.00

Banking House and Lot __

None

Furniture and Fixtures

2,750.00

Other Real Estate owned~

13,722.50

Cash in Vault 11nd Amount due

from approved Reserve Agents 533,039.38

Checks for Clearing and Due from

other Banks

1,620.88

Cash Items Overdrafts -

None 520.82

Advance on Cotton and other Com-

modities

25,720.63

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ~~-~~~- ~-~~ --~---~~--~~--

None

Other Resources

1,590.40

Total

~~~ ~~ ---~~---~-~--------~---~--$1,036,230.62

LIABILITIES:

Capital Stock

~ ~ -~~-~~S 75,000.00

Capital Notes

75,000.00

Surplus Fund -~~- ~ ~-- --~~---

15,000.00

Undivided Profits

10,365.37

Reserve Funds

8,812.50

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

3,812.83

Certified Checks

None

Demand Deposits --------------- __

551,137.88

Time Certificates of Deposits ___ _ 66,063.04

Saving-s Deposits

231,039.00

Letters of Credit and Acceptances

executed for Customers. _____

None

Bills Payable

None

Notes and Bills Rediscounted_

None

0 t her Liabilities ---~--~~-------~----~~

None

Total

-~----~------~--- $1,036,230.62

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK Ball Ground, Ga.

As called for by the Superintendent of Banks.

M. G. HENDRIX,

B. R. JONES,

President.

Cashier.

Date of Charter: 9-28-1926

Began Business: 10-1-1926

RESOURCES:

Loans _and Discounts - --------------------$ 84,461.77

State of Georgia and Municipal

Bonds owned

15,000.00

U. S. Government Securities owned Other Stocks and Bonds owned __

2~:m:gg

Banking House and Lot--

600.00

Furniture and Fixtures

600.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved. Reserve Agents __ 137,259.39

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

47.99

Advance on Cotton and other Com_

modities

None

Customers Liability on Letters of

Credit and Acceptances _______ -

None

Profit and Loss

None

Other Resources ___ ----------------

None

Total

s ~ ~~--- --~------~---~-~-----~ 2 71,6 9 4.15

LIABILITIES:

Capital Stock

---~S 15,000.00

Capital Notes --~----------~-~~-

None

Surplus Fund

----------------.

5,000.00

Undivided Profits

-------------------- 13,980.35

Reserve Funds ----------------

285.48

Due to D.anks __

None

Dividends Unpaid ----------------

None

Cashier's Checks

None

Certified Checks

None

Demand Deposits _____ ---------------------- 163,858.10

Time Certificates of Deposits

73,570.22

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Rills Rediscounted_

None

Other Liabilities ~~-~~--------~-~--

None

Total

~----- ~------~--------------~~----., S 2 71, G9 4.15

14

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BAXLEY STATE BANK Baxley, Ga.

As called for by the Superintendent of Banks.

C. A. WHITAKER,

N.D. PADGETT,

Vice-President.

Cashier.

Date of Charter: 8-23-1917

Began Business: 8-25-1917

RESOURCES:

Loans and Discounts___

-- ___ $188,767.56

State of Georgia _and Municipal

Bonds owned

None

U. S. GoYernment Securities owned 3,000.00

Other Stocks and Bonds owned __

None

Banking House and Lot_.

None

FurnitUre and Fixtures ____

3,800.00

Other Real Estate owned

10,800.00

Cash in Vault and Amount due

from approved Rf:'serve Agents_ 176,619.93

Checks for Clearing and Due from other Banks ------- ___________________

None

Gash Items

None

Overdrafts

None

Advance on Cotton and other Com~

modities

None

Customers Liability on Letters of Credit and Acceptances..

None

Profit and Loss __ _

None

Other Resources

None

Total

-----S 382,98 7.4 9

LIABILITIES:

Capitol Stock

----$ 25,000,00

Capitol Notes

25,000,00

Surplus Fund

2,000.00

Undivided Profits

66.36

Rcsen'e Funrls

None

Due to Banks

None

Dividencts Unpaid --- ------------

None

Cashier's Checks

1,7Rl.97

Certified Checks

None

Demand Deposits

241,029.39

Time Certificates of Deposits_

25.228.40

Savings Deposits

57,756.37

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

2,125.00

Total

____ $382,987.49

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BLACKSHEAR BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

P. L. POMEROY,

M. C. McALPIN,

President.

Cashier.

Date of Charter: 9-11-1891

Began Business: 7-7-1892

RESOURCES:

Loans and Discounts -------- ______ $260,524.39

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 149,437.51

Other Stocks and Bonds owned 17,547.00

Banking House and Lot-____

None

Furniture and Fixtures__

2,598.88

Other Real Estate owned.

9,100.00

Cash in Vault and Amount due

from approved Reserve Agents__ 198,794.95

Checks for Clearing and Due from

other Banks ----

None

Cash Items ..

22.63

Overdrafts

None

Advance on Cotton and other Com-

modities

-----------------

None

Customers Liability on Letters of

Credit and Acceptances.

Profit and Loss

______________ .. ____

None None

Other Resources Total

- - - - --------------------------

None

____________________$ 6 3 8, 02 5. 3 6

LIABILITIES:

Capital Stock

__ $ 50,000.00

Capital Notes

None

Surplus Fund

25,000,00

Undivided Profits

72,800.16

Reserve Funds

115.00

Due to Banks----

None

Dividends Unpaid

40.00

Cashier's Checks

2 79.85

Certified Checks ---

None

Demand Deposits

__________ ------- 325,198.52

Time Certificates of Deposits __ ---.. 164,591.83

Savings Deposits

--------

None

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

------

None

Notes and Bills Rediscounted __, __ _

None

Other Liabilities ...._____________.._________

None

Total ------------------- ----------..---------------$ 6 3 8, 0 2 5. 3 6

EIGHTEENTH ANNUAL REPORT

15

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FIRST STATE BANK Blakely, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY,

H. A. WALTON,

President.

Cashier.

Date of Charter: 5-15-1937

Began Business: 5-15-1937

RESOURCES:

Loans and Discounts---- ---------- $415,147.0D

State of Georgia and Municipal

U. Bso. nGdsovoewrnnmedent Securities owned

9,170.52 9,000.00

Other Stocks and Bonds owned __

None

Banking House and Lot

4,075.00

Furniture and Fixtures __

2,850.00

Other Real Estate owned __

5,225.00

Cash in Vault and Amount due

from approved Reserve Agents_ 132,184.81

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Adnmce on Cotton and other Com-

modities -- ----------------------------------

7,017.16

Customers Liability on Letters of

CrE'dit and Acceptances -

None

Profit and Loss

None

Other Resources ------------------

750.00

Total

--- ---- .. $585,419.58

LIABILITIES:

Capital Stock

$100,000.00

capital Notes ___ _

None

Surplus Fund ________________________________ _ 30,000.00

Undivided Profits

18,360.41

Reserve Funds _________________ .

5,500.00

Due to Banks--

None

Dividends Unpaid

663.00

Cashier's Checks

550.10

Certified Checks

None

D('manrl Deposits

384,125.24

Time Certificates of Deposits __

15,492.41

Savings Deposits

30,728.42

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

--------- S585,419.58

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FANNIN COUNTY BANK Blue Ridge, Ga.

As called for by the Superintendent of Banks.

J. M. EATON, SR.,

W. E. HENSLEE,

President.

Cashier.

Date of Charter: 5-28-1916

Began Business: 6-6-1916

RESOURCES:

Loans and Discounts _

85,984.39

State of Georgia and Municipal

Bonds O\vned

23,88R.45

U. S. Government Securities owned 16.656.50

Other Stocks and Bonds owned

30,886.8G

Banking House and Lot__

17,250.00

Furniture and Fixtures

__ _

5,750.00

Other R('al Estate owned __

18,120.00

Cash in Vault and Amount due

from approved Reserve Agents __ 114,655.7 5

Checks for Cle.aring and Due from

other Banks

11,468.80

Cash Items __ _

8.23

Overdrafts

63.99

Advance on Cotton and other Com-

modi\-ies ------------ ----- -- --

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ---------------

None

Other Resources

1,029.44

Total

___________ $ 32 5, 7 62.41

LIABILITIES:

Capital Stock ____________________________________ :;; 15,000.00

Capital Notes

12,400.00

Surplus Fund

3,000.00

Undivided Profits

None

Reserve Funds

2,716.00

Due to Banks_

None

Dividends. Unpaid

None

Cashi{'r's Checks

1,004.64

Certifit>d Checks

325.06

Demand Deposits

140,9g2.51

'l'ime Ct'rtificates of Deposits __

26,945.95

Savings Deposits

123,266.09

Letters of Credit and Acceptances

executed for Customers

None

Bills Payahle

None

Notes ~nd Bills Rediscounted_

None

Other Liabilities

122.16

Total -------- __ -------------------------- ___________ $ 3 2 5, 7 62.41

16

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE FARMERS BANK Blythe, Ga.

As called for by the Superintendent of Banks.

I. W. DYE,

T. M. NICKLES,

President.

Cashier.

Date of Charter: 8-28-1909

Began Business: 9-1-1909

RESOURCES:

Loans and Discounts________

_____ $ 36,057.03

State of Georgia and Municipal

Bonds owned

10,310.61

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot..

1,75R.13

Furniture and Fixtures ..__

607.50

Other Real Estate owned __

445.96

Cash in Vault and Amount due

from approved Reserve Agents __ 22,435.87

Checks for Clearing and Due from

other Banks

----------------

None

Cash Items ----

None

Overdrafts

131.23

Advance on Cotton and other Com-

modities

--------------------

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss Other Resources ________

None None

Total

-------------------- ____ $ 71,746.33

LIABILITIES:

Capital Stock

--------$ 15,000.00

Capital Notes -

None

Surplus Fund --- ---

5,000.00

Undivided Profits

964.21

Reserve Funds

None

Due to Banks

3,526.%

Dividends Unpaid

28.~0

Cashier's Checks

235.22

Certified Checks

None

Demand Deposits

22,146.54

Time Certificates of Deposits_

15,1 fi 5.00

Savings Deposits

9,689.60

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ...

None

Total

-----$ 71,746.33

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE COMMERCIAL BANK Bowdon, Ga.

As called for by the Superintendent of Banks.

J. H. BARR,

M. L. JOHNSON,

President.

Cashier.

Date of Charter: 9-20-1926

Began Business: 9-20-1926

RESOURCES:

Loans and Discounts____

__________ $ 55,644.38

State of Georgia and Municipal

Bonds owned

10,300.00

U. S. Government Securities owned 99,175.00

Other Stocks and Bonds owned __

None

Banking House and Lot

2,500.00

Furniture and Fixtures

None

Other Real Estate owned

None

Cash in V~ult and Amount due

from approved Reserve Agents __ _ 86,948.44

Checks for Clearing and Due from

other Banks ------------------

None

Cash Items -----------------------

None

Overdrafts

-----------------

153.12

Advance on Cotton and other Com-

modities

14,804.13

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ------------------

None

Other Resources

None

Total --------

.. $269,525.07

LIABILITIES:

Capit.al Stock

_______ $ 25,000.00

Capital Notes

None

Surplus Fund

20,000.00

Undivided Profits

6,203.42

Reserve Funds

1,000.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

736.73

Certified Checks --

None

Demand Deposits

189,407.77

Time Certificates of Deposits

27,177.15

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers ________ _

None

Bills Payable

None

Notes and Bills Rediscounted ________

None

Other Liabilities_________

None

Total ----- ----------------------------------------$2 6 9,5 2 5 .0 7

EIGHTEENTH ANNUAL REPORT

17

STATEMENT
Showing condition at the close of Business December 31, 1937, of the

THE BRUNSWICK BANK TRUST CO.
Brunswick, Ga.

As called for by the Superintendent of Banks.

F. D. AIKEN,

I. M. AIKEN,

President.

Cashier.

Date of Charter: 10-7-1899

Began Business: 1899

RESOURCES:

Lo;ms and Discounts-

$553,466.67

State of Georgia and Municipal

Bonds owned

149,112.35

U. S. Government Securities owned 553,553.14

Other Stocks and Bonds owned __ 264,170.70

Banking House and Lot __

40,000.00

Furniture and Fixtures __

9,242.02

Other Real Estate owned

78,653.53

Cash in Vault and Amount due

from approved Reserve Agents__ 288,038.84

Checks for Clearing and Due from

other Banks

7,438.62

Cash Items

7,779.71

Overdrafts

115.36

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ------

None

Other Resources --- --

None

Total

____________ $1,9 51,5 70.94

LIABILITIES:

Capital Stock

--- S230,ooo.oo

Capital Notes

None

Surplus Fund

70,000.00

Undivided Profits

18,393.90

Reserve Funds __________________ _

17,666.01

Due to Banks

37,260.80

Dividends Unpaid

4,600.00

Cashier's Checks

4,647.50

Certified Checks

437.43

Demand Deposits _______________ ----------- 814,809.17

Time Certificates of Deposits __

10,(119.37

Savings Deposits

590,213.63

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

150,000.00

Notes and Bills Rediscounted __

None

Other Liabilities

2,622.63

Total

------------------ -s 1 '9 51' 57 0. 9 4

STATEMENT
Showing condition at the close of Business December 31, 1937, of the

HARALSON COUNTY BANK

Buchanan, Ga.

As called for by the Superintendent of Banks.

J. L. EAVES,

H. G. RICHARDSON,

President.

Cashier.

Date of Charter: 3-3-1909

Began Business: 3-4-1909

RESOURCES:

Loans and Discounts -- --------~-----~-~$114,017.24

State of Georgia and Municipal

Bonds owned -- - ----------------- --- ---

None

U. S. Government Securities owned 4,500.00

Other Stocks and Bonds owned~

None

Banking House and Lot_

1,300.00

Furniture and Fixtures

1,500.00

Other Real Estate owned--

1,150.00

Cash in Vault and Amount due

from approved Reserve Agents 172,029.04

Checks for Clearing and Due from

other Banks _____ --------------------

1,520.32

Cash Items

None

Overdrafts -------~-- ----------------~

421.82

Advance on Cotton and other Com-

modities ------------------ - -----

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss .... ----------------

None

Other Resources -------------------

None

Total

--------------~ _______ $ 296,438.42

LIABILITIES:

Capital Stock --.

-~--$ 40,000.00

Capital Notes ~------ --- ------------------------

None

Surplus Fund

15,000.00

Undivided Profits ------------------

641.00

Reserve Funds

4,400.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

988.29

Certified Checks

None

Dem.and Deposits ----

211,630.35

Time Certificates of Deposits __

23,778.78

Savings Deposits --------------- -----

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

----------------

Notes and BilJs Rediscounted ___________

None None

Other Liabilities ___ .

None

Total ....

-------------- ---- $296,438.42

18

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business' December 31, 1937, of the

BUENA VISTA LOAN & SAVINGS BANK Buena Vista, Ga.

As called for by the Superintendent of Banks.

WM. C. WOOTEN,

CLARKE W. DUNCAN

President.

Cashier.

Date of Charter: 9-22-1887

Began Business: 9-1-1889

RESOURCES:

Loans and Discounts__

_______ $101,364.41

State of Georgia and Municipal

Bonds owned

20,282.15

U. S. Government Securities owned 5,137.63

Other Stocks and Bonds owned

10,232.50

Banking House and Lot

3,000.00

Furniture and Fixtures __

1,642.75

Other Real Estate owned __

8,125.50

Cash in Vault and Amount due

from approved Reserve Agents

46,564.25

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

7,608.17

CustomPrs Liability on Letters of

Credit and Acceptances _

None

Profit and Loss

None

Other Resources

30,750.67

Total

- _____ $234, 708.03

LIABILITIES:

Capital Stock

_________ $ 30,000.00

Capital Notes

None

Surplus Fund

16,000.00

Undivided Profits

4,870.72

Reserve Funds

None

DuP to Banks _

None

DividPnds Unpaid

2,400.00

Cashier's Checks

938.37

Certified Checks

None

Demand Deposits

123,494.94

Time Certificates of Deposits

57,004.00

Savings Deposits

None

Letters of Credit and Acceptances

exceu ted for Customers

None

Bills Pay,able

None

Notes ctnd Bills Rediscounted __

None

Other Liabilities

None

Total

----------------- _____ $234,708.03

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SHADBURN BANKING CO. Buford, Ga.

As called for by the Superintendent of Banks.

MRS. KATE ALLEN SHADBURN,

E. A. WILBANKS,

President.

Cashier.

Date of Charter: 1-23-1901

Began Business: 2-11-1901

RESOURCES:

Loans and Discounts __

--------------S 26 o, 171.20

Warrants

13,562.19

U. S. Government Securities O\Vned

None

Other Stocks and Bonds owned __

4,947.50

Banking House and Lot

None

Furniture and Fixtures __

4,272.83

Other Re:;:tl Estate owned ____

41,675.47

Cash in Vault and Amount due

from approved Reserve Agents- 30,831.40

Checks for Clearing and Due from

other Banks

3,392.92

Cash Items

555.72

Overdrafts

1,607.33

Advance on Cotton and other Com-

modities

11,504.93

Customers Liability on Letters of

Credit and Acceptances __ _

None

Profit and Loss __

4,604.25

Other Resources

2,734.00

LIABILITIES:

Capital Stock

____________ $ 40,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits

None

Reserve Funds

9,201.27

Due to Banks _

None

Dividends Unpaid

None

Cashier's Checks ----- ------ ___ _

1,156.01

Certified Checks ----- --------------

None

Demand Deposits

143,086.54

Time Certificates of Deposits ____ _

11,555.86

Savings Deposits

159,860.06

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities

None

Total ------

____ $379,859.74

Total ___ ---- ------------ ----------------- _______ $ 3 79,85 9. 7 4

EIGHTEENTH ANNUAL REPORT

19

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS STATE BANK Butler, Ga.

As called for by the Superintendent of Banks.

J. W. EDWARDS,

L. R. ADAMS,

President.

Cashier.

Date of Charter: 9-4-2 6

Began Business: 9-4-26

RESOURCES:

Loans and Discounts__

_______ $ 42,143.14

State of Georgia and Municipal

Bonds owned ~-------- _______ -------- 5,050.00

U. S. Government Securities owned 5,020.00

Other Stocks and Bonds owned ___ _

None

Banking House and Lot. __ _

None

Furniture and Fixtures __

100.00

Other Real Estate owned-

100.00

Cash in Vault and Amount due

from approved Reserve Agents __ _ 39,154.89

Checks for Clearing and Due from

other Banks

1,800.00

Cash Items

None

Overdratts

None

Advance on Cotton and other Com-

nlodities

62,529.60

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss -

None

Other Resources

None

Total

.. $155,897.63

LIABILITIES:

Capital Stock

- -- s 15.000.00

Capital Notes ------------------------------------

None

Surplus Fund

18,000.00

Undivided Profits

240.50

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

2,250.00

Cashier's Checks

564.31

certified Checks

None

Demand Deposits

119,842.82

Time Certificates of Deposits __

None

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities

None

Total

----------- $155,897.63

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF BYROMVILLE Byromville, Ga.

As called for by the Superintendent of Banks.

J. D. LESTER, SR.

S. H. BUXTON,

President.

Cashier.

Date of Charter: 7-19-1920

Began Business: 7-26-1920

REi'iOURCES:

Loans and Discounts__

:;; 36,482.44

State of Georgi~ and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking IIouse and Lot

1,350.00

F'urniture and Fixtures

750.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents

13,833.83

Checks for Clearing and Due from

other Banks

None

Cash Items ---------------------- __

None

Overdrafts

9.83

Advance on Cotton and other Com-

modities ~----~ -------------- --~---~

46,662.60

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources ------------------------------

None

Total ------- ------------ ---- - - - --- -------- -- $ 9 9. 0 8 8. 7 0

LIABILITIES:

Capitiil Stock

---- ------------------- $ 15,000.00

Capital Notes -------------------

7,500.00

Surplus Fund

3,000.00

Undivided Profits

2,635.90

Reserve Funds

250.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

17.59

Certified Checks

None

Demand Deposits

58,683.50

Time Certificates of Deposits __

12,001.71

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Paya hie

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

---- _$ 99,088.70

20

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CAIRO BANKING COMPANY Cairo, Ga.

As called for by the Superintendent of Banks.

HENRY HESTER,

H. E. McKINNON

President.

Cashier.

Date of Charter: 11-23-1903

Began Business: 11-23-1903

RESOURCES:

Loans anrl Discounts__

.. $433,078.14

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 14,606.44

Other Stocks and Bonds owned __ 10,600.00

Banking House and Lot

8,000.00

Furniture and Fixtures

4,005.00

OthPr Real Estate owned_

5,907.00

Cash in Vault and Amount due

from approved Rcs0rve Agents 138,567.10

Checks for Clearing and Due from

other Banks

6,431.12

Cash Items

None

Overrlrafts

None

Advance on Cotton and other Com-

modities

.

None

Customers Liability on Letters of

Cn'dit and Acceptances_

4,297.51

Profit and Loss_

None

Other Resources

49,101.10

Total

-- --- --- $67 4,593.41

LIABILITIES:

Capital Stock

---------------- ______ $ 35,000,00

Capital Notes

20,000,00

Surplus Fund

15,000.00

Undivided Profits

112.49

Reserve Funds

R,000,04

Due to Banks..

1,500,00

Dividends Unpaid

2,800.00

Cashier's Checks

1,026.62

CPrtified Checks

15.00

Demand D('posits

258,157.91

Time Certificates of Deposits--

106,5D2.6:;

Sayin_gs Deposits

220,-191.19

Letb'rs of Credit and Acceptances

ext'cuted for Customers ___ _

4,297.51

Bills Payable

None

Notes nnd Bills Rediscounted--

1,600.00

Other Liabilities __ _

None

Total

$674,593.41

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks.

IRA HIGDON,

J. C. MINTER,

President.

Cashier.

Date of Charter: 12-3-1903

Began Business: 1-1-1904

RESOURCES:

Loans and Discounts-

__ $191,996.61

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 9,000.00

OtheJ" Stocks and Bonds owned

None

Banking House and LoL_

15,000.00

Furniture and Fixtures __

2,625.00

Other Real Estate O\vned _

60,640.50

Cash in Vault and Amount due

from approved Reserve Agents 119,734.11

ChPcks fur Clearing and Due from

other Banks

14,05 6.79

Cash Items

None

Overdrafts

437.48

Advance on Cotton and other Com-

m-odities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss _

None

Other Resources

None

Total

------- 8413,490.49

LIABILITIES:

Capical Stock

______ $ 50,000.00

Cap~tal N otcs

5,000.00

Surplus Fund

None

Undividcrl Profits

5,936.21

Reserve Funds

14,847.52

Due to Banks _

15,000.00

Dividends Unpaid

None

Cashier's Checks

915.50

Certified Checks

None

DC'manrl Deposits

227,274.~5

Time Certificates of Deposits

24,330.55

Savings Deposits

70,185.93

LettE>rs of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

N otcs and Bills Rediscounted __

None

Other Liabilities

None

Total

. ----- ------- -------3413,490.49

EIGHTEENTH ANNUAL REPORT

21

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CAMILLA Camilla, Ga.

As called for by the Superintendent of Banks.

J. E. BROOKS,

W. W. BROOKS,

President.

Cashier.

Date of Charter: 11-4-1889

Began Business: 1-2-1890

RESOURCES:

Loans and Discounts

____ 5 51,487.15

State of Georgia and Municipal

Bonds O\vned

41,000.00

U. S. Government Securities owned 15,300.00

Other Stocks and Bonds owned-

None

Banking House and Lot -

16,000.00

Furniture and Fixtures --------------" 5,000.00

Other Real Estate owned __

24,100.00

Cash in Vault and Amount due

from approved Rtserve Agents 102,190.36

Ched.;:s for Clearing and Due from

other Br:.nks Cash Items Ov-erdrafts

3,746.52 None None

Advancf' on Cotton and other Cmn-

modities

11,403.57

CustomPrs Liability on Letters of

Credit and Acceptances--

None

Profit anrl Loss

None

Othe~ Hesources

None

Total

S270,327.10

LIABILITIES:

c,,pital Stock

...... ------- $ 25,000.00

Capital Notes

None

Surplus Fund

~one

Undivided Profits

1,156.57

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

None

C.ashi'r's Checks

385.00

Certified Checks _

None

Demand Deposits

233,R26.73

Time Certificates of Deposits __

1,24S.33

Savings Deposits

8,713.47

Lettt'rs of Credit and AcceJ)tances

cxecutE:'d for Customers_

None

Bills Payabh~

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

-- ..........$270,327.10

STATEMENT Showing condition at the close of Business December 31, 1937, of the

PLANTERS & CITIZENS BANK Camilla, Ga.

As called for by the Superintendent of Banks.

W. C. ADAMS,

E. J. VA~N, JR.

1st Vice-Pres.

Cashier.

Date of Charter: 5-24-1913

Began Business: 5-24-1913

RESOURCES:

Loans and Discounts-

____ $181,612.40

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 10,000.00

Other Stocks and Bonds owned __

None

Banking House and Lot

7,250.00

Furniture and Fixtures __

1,750.00

Other Real Estate ownerL

16,550.00

Cash in Vault and Amount due

from approved Reserve Agents~__ 91.525.74

Checks for Clearing and Due from

other Banks'

6,796.86

Cash Item:::; ---------------------

793.01

Overdrafts

None

Advance on Cotton and other Com~

modities

111,829.65

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

LIABILITIES:

Capital Stock

________ $ 25,000.00

Capi~al Notes

15,000.00

Surplus Fund

7,000.00

Unrlivided Profits

1,552.56

Reserve Funds

750.43

Due to Banks _

None

Dividends Unpaid

None

Cashiers Checks

3()3.83

Certified Checks

None

Demand Deposits

220,429.32

Time CeYtificates of Deposits __

26,173.04

Savings Deposits

101,838.48

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Hills Rediscounted __

30,000.00

Other Liabilities

None

Total

- - .. $428,107.66

Total

S428,107.66

22

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CANTON Canton, Ga.

As called for by the Superintendent of Banks. W. S. ELLIOTT, Cashier.

Date of Charter: 11-17-1892

Began Business: 12-21-1892

RESOURCES:

Loans and Discounts

_____ $412,646.49

State of Georgia and Municipal

Bonds owned - ---------- - ---

202,493.21

U. S. Government Securities owned 64,726.56

Other Stocks and Bonds owned __ 89,000.00

Banking House and Lot__

28,967.00

Furniture and Fixtures

1,978.00

Other Real Estate owned __

34,595.42

Cash in Vault and Amount due

from approved Reserve Agents__ 342,527.05

Checks for Clearing and Due from

other Banks __

1,138.92

Cash Items

None

Overdrafts

-------- ---------------

None

AdvanCe on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances __ _

None

Profit and Loss

None

Other Resources - ------------- ___ _

None

Total

-------- $1,178,072.65

LIABILITIES:

Capital Stock

----------------- __ $15 0,0 00.00

C<lpital Notes

None

Surplus Fund

150,000.00

Undivided Profits

40,374.78

Reserve Funds

4,500.00

Due to Banks _

15,415.52

Dividends Unpaid

243.00

Cashier's Checks

404.82

Certified Checks

23.50

Dem,and Deposits

477,002,32

Time Certificates of Deposits __

129,090.29

Savings D0posits

211,018.42

Leiters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bi1ls Rediscounted

None

Other Liabilities

None

Total

-------------- .. $1,17 8,0 72.65

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ETOWAH BANK Canton, Ga.

As called for by the Superintendent of Banks.

OLIN FINCHER,

N. A. THOMASON,

President.

Cashier.

Date of Charter: 1-22-1927

Began Business: 1-29-1927

RESOURCES:

Loans and Discounts__

$184,752.35

State of Georgia and Municipal

Bonds owned-

3,036.16

U. S. Government Securities owned 41,539.07

Other Stocks and Bonds owned __

4,595.58

Banking House and Lot__

12,000.00

Furniture and Fixtures

2,235.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents_ 125,262.75

Checks for Clearing and Due from

other Banks

781.50

Cash Items

None

Overdrafts

160.05

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss __

None

Other Resources

100.00

Total

____________ $ 37 4,462.4 6

LIABILITIES:

Capital Stock -Capital Notes Surplus Fund Undivided Profits Reserve Funds Due to Banks Dividends Unpaid Cashier's Checks Certified Checks Demand Deposits
Time Certificates of Deposits Saving~ Deposits Letters of Credit and Acceptances
executed for Customers __
Bills Payable Notes and Bills Rediscounted Other Liabilities

25,000.00 None
10,000.00 513.30
1,047.00 None
1,500.00 245.75 None
200,821.42 26,912.50
108,422.49
None None None None

Total

_____ $ 37 4,462.4 6

EIGHTEENTH ANNUAL REPORT

23

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE PEOPLES BANK Carrollton, Ga.

As called for by the Superintendent of Banks.

HORACE STEWART,

L. M. KING,

President.

Cashier.

Date of Charter: 11-10-1909

Began Business: 12-1-1909

RESOURCES:

Loans and Discounts

---------------$ 96,848.18

State of Georgia and Municipal

Bonds O\vncd

None

U. S. Government Securities ov..ned 148,325.00

Other Stocks and Bonds owned __

700.00

Banking House and Lot--

36,500.00

Furniture and Fixtures

679.54

Other Real Estate owned ___ _

29,222.50

Cash in Vault ~nd Amount due

from approved Reserve Agents__ 266,277.02

Checks for Clearing and Due from

other Banks

None

Cash Items

530.95

Overdrafts

None

Advance on Cotton and other Com-

modities

225,732.72

Customers Liability on Letters of

Credit and Acceptances _

None

Profit ::1nd Loss

None

Other Resources _

None

Total

--------- $804,815.91

LIABILITIES:

Capital Stock

________ $ 60,000.00

Capital Notes

None

Surplus Fund

60,000.00

Undivided Profits _

None

Reserve Funds

50,132.41

Due to Banks

None

DiYidends Unpaid ----------------------------

None

Cashier's ChE'cks

2,343.22

Certified Checks

None

Demand Deposits

631,457.05

Time Certificates of Deposits

None

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bil1s Rediscounted

None

Other LiabiJities _

883.23

Total

$804,815.91

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE COMMERCIAL BANK Cedartown, Ga.

As called for by the Superintendent of Banks.

A. W. STUBBS,

D. L. ROBERTS, JR.,

President.

Cashier.

Date of Charter: 10-16-1889

Began Business: 12-11-1889

RESOURCES:

Loans and Discounts ____________________ $531,412.56

State of Georgia and :Municipal

Donds owned - -

None

U. S. Government Securities owned 107,532.28

Other Stocks and Bonds owned

None

Banking House and Lot, Furniture and Fixtures ___

23,777.96

Other Real Estate owned ______

67,754.44

Cash in Vault and Amount due

from approved Reserve Agents 279,540.01

Checks for Clearing and Due from

other Banks

-------------------

Cash Items

Overdrafts - -------------------

20,924.11 512.07
3,063.79

Advance on Cotton and other Com-

modities ----------------------

35,423.55

Customers Liability on Letters of Credit and Acceptances ___ _

None

Profit and Loss__ ---------------Other Resources -------- -- ---------

None None

Total

__________ $1,069, 940.77

LIABILITIES:

Capital Stock --------------------------------$14 0' 0 0 0. 00

Capital Notes

None

Surplus Fund

140,000.00

Undivided Profits __ .

3,379.19

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

4,200.00

Cashier's Checks

2,649.33

Certified Checks

16.20

Demand Deposits

361,733.23

Time Certificates of Deposits ------ 104,161.24

Savings Deposits ------ --- ---------------- 313,801.58

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable ------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities -

None

Total ----------------------------------------------$1,0 6 9, 9 4 0. 7 7

24

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS AND MERCHANTS BANK Charing, Ga.

As called for by the Superintendent of Banks.

S. GARRETT,

S. GARRETT,

President.

Cashier.

Date of Charter: 9-21-1912

Began Business: 11-6-1912

RESOURCES:

Loans flTid Discounts--

------S 5,520.79

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

300.00

Other Stocks and Bonds owned ____

None

Banking House and Lot

None

Furniture and Fixtures __

None

Other Real Estate owned .

615.79

Cash in Vault and Amount due

from approved Reserve Agents _ 35,850.42

Checks for Cl~aring and Due from

other Banks

12.50

Cash Items

100.00

Overdrafts

None

Advance on Cotton and other Com-

modities

7,261.65

Customers Liability on Letters of

Cred.it and Acceptances __ _

None

Profit and Loss

954.47

Other Resources

None

Total

---- _$ 50,615.62

LIABILITIES:

Capital Stock

---S 15,000.00

Capital Notes

None

Surplus Fund

None

Undivided Profits

None

Reserve Funds

None

Due to Banks _

None

Dividends Unpaid

None

Cashier's Ch0cks

None

Certified Checks

None

Dt>mand D{'posits

35,613.97

Time Certificates of Deposits

1.65

Savings Deposits

None

Letters of Credit and Acceptances

pxecuted for Customers_

None

Bills Payable

NonE'

Notes and Bills ReJiseounted--

None

Other Liabilities

None

Total

________ S 50,615.62

STATEMENT Showing condition at the close of Business December 31, 1937, of the

COHUTTA BANKING COMPANY Chatsworth, Ga.

As called for by the Superintendent of Banks.

R. E. CHAMBERS,

FRANCES HEARTSELL,

President.

Cashier.

Date of Charter: 7-17-1905

Began Business: 1-24-1906

RESOURCES:

Loans and Discounts_

__$ 93,402.57

State of Georgia and Municip;1l

Bonds owned

4,500.00

U. S. Government Securities owned 7,500.00

Other Stocks and Bonds owned -

None

Banldng House and Lot -

2,500.00

Furniture and Fixtures __

1,800.00

Other Heal Estate O\vned

9,819.13

Cash in Vault and Amount due

from approved Reserve Agents 43,803.82

Checks for Clearing and Due from

other Bnnks

None

Cash Items

None

Overdrafts

110_89

Advauce on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances ___

None

Profit and Loss

None

Other Resources

58,944.56

Total

__ $222,440.97

LIABILITIES:

Capital Stock

15.000.00

Capiud Notes

15,000.00

Surplus Fund __ _

None

Undivided Profits

796.H3

He~ervc Funds

3,598.13

DuE' to Banks

None

Dividends Unpairi

None

c~~shiQr's Checks

2,982.89

Cc"tificd Checks

None

Demand Deposits

114,793.27

Time Certificates of Deposits

37,69!l.3R

SaYings Deposits

32.570.47

Letters of Credit and Acceptances

executed for Customers __

None

Bill; Pavable Notes a~ul Bills Rediscounted--

None None

Other Liabilities

None

Total

_______ $2 22,4 40.9 7

EIGHTEENTH ANNUAL REPORT

25

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CHICKAMAUGA Chickamauga, Ga.

As called for by the Superintendent of Banks.

ELDER G. GLENN,

W. N. SHADDEN,

President.

Cashier.

Date of Charter: 2-16-1910

Began Business: 5-10-1910

RESOURCES:

Loans and Discounts

-- $140,578.56

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 47,613.22

Other Stocks and Bonds owned __ 10,848.25

Banking- House and Lot

8,348.00

Furniture and Fixtures

2,000.00

Other Real Estate o\vned -

16,203.83

Cash in Vault and Amount due

from approved Reserve Agents

47,424.78

Checks for Clearing and Due from

other Banks ------- -- ----------------

None

Cash Items

~one

Overdrafts

None

Adsance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances -

None

Profit and Loss __

None

Other Resources

None

Total

3273,016 64

LIABILITIES:

Capital Stock

____________ $ 25,000.00

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits

2,765.75

Reserve Funds

3,150.71

Due to Banks

None

Dividends Unpaid

750.00

Cashier's Checks

1,274.92

Certified Checks

None

Demand Deposits

125,360.23

Time Certificates of Depms:its __

None

Savings Deposits

104,466.20

L('tters of Credit and Acceptances

executed fot Customers __

None

Bills Payable

None

Notes and Bills Rediscounted _

None

Othey Liabilities

248.78

Total

$273,016.64

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Chipley, Ga.

As called for by the Superintendent of Banks.

HENRY ZACHRY,

ROY ASKEW,

President. Date of Charter: 3-22-1909

Cashier. Began Business: 4-19-1909

RESOURCES:

Loans and Disconnts _

8128,547.79

State of Georgia and Municipal

Bonds o\vned

10,735.00

U. S. Government Securities owned 20,975.00

Other Stoc-ks and Bonds owned

5,000.00

Banking House and Lot--

2,000.00

Furniture and Fixtures

1,500.00

Other Rea~ Estate owned __ ~

8,150.00

Cash in Vault and Amount due

from al)proved Reoerve Agents __ 86,628.86

Checks for Clearing and Due from

other Banks

352.17

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com~

modities

None

Customers Liability on Letters of

Credit and Acceptfinccs

None

Profit and Loss--

None

Other Resources

None

Total

- $263,888.82

LIABILITIES:

Ca~)ital Stock

______________ $ 25,000.00

Cai:Jital Notes ------------------

22,000.00

Surplus Fund

3,000.00

l."'ndivided Profits

1,127.54

Re~crve Funds

275.00

Due to Banks

None

Dividentln Unpaid

None

Cashier's Checks

600.95

Certified Checks

None

Demand Deposits

165,345.48

r_f'ime CL'rtificatcs of Deposits -

17,706.54

Savings Deposits

26,566.43

Letters of Credit and Acceptances

exec,_lted for Customers __

None

Bills Payable

None

Notes and Bi1ls Rediscounted

None

Other Liabilities

2,266.88

Total

_______ $2 6 3,8 8 8.82

26

DEPART MENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

HABERSHAM BANK Clarkesville, Ga.

As called for by the Superintendent of Banks.

W. R. ASBURY,

W. S. WHITWORTH,

President.

Cashier.

Date of Charter: 5-13-1904

Began Business: 5-13-1904

RESOURCES:

Loans and Discounts -

----"--$ 70,826.75

State of Georgia and Municipal

Bonds owned

25,373.67

U. S. Government Securities owned 21,350.00

Other Stocks and Bonds owned __

None

Banking House and Lot__

6,075.00

Furniture and Fixtures __

1,215.00

Other Real Estate owned __

2,745.00

Cash in Vault and Amount due

from approved Reserve Agents __ 93,776.16

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

moditie-s

------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

24.30

Total

$221,385.88

LIABILITIES:

Capital Stock

-- --- s 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

960.10

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

None

Cashier's Checks

58.29

Certified Checks

None

DPmand Deposits

83,412.01

Time Certificates of Deposits

2,798.85

Savings Deposits

104,156.63

Letters of Credit and Acceptances

executed for Customers

None

Rills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

---- $221,385.88

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CLAXTON STATE BANK Claxton, Ga.

As called for by the Superintendent of Banks.

C. M. RUSHING,

W. L. NEWTON,

President.

Cashier.

Date of Charter: 6-15-35

Began Business: 7-1-35

RESOURCES:

Loans and Discounts___ _ __________ - $137,893.55

State of Georgia and Municipal

Bonds owned----------------------

None

U. S. Government Securities owned 15,000.00

Other Stocks and Bonds 0'\Vned __

None

Banking House and Lot __

3,500.00

Furniture and Fixtures

1.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents __ 56,976.42

Checks for Cle;1ring and Due from

other Banks

None

Cash Items

None

Overdrafts

-----

105.73

Advance on Cotton and other Com-

modities

--------------- -------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

-------------.$213,47 6.70

LIABILITIES:

Capital Stock

...... $ 20,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

3,918.87

Reserve Funds

None

Due to Banks __

None

Dividends Unpfl.id

52.GO

Cashier's Checks -------

312.75

Certified Checks

None

Demand Deposits

152,772.SS

Time Certificates of Deposits.

31,419.70

Savings Deposits ---- ---------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

-------------. _

None

Notes and Bills Rediscounted

None

Other Liabilities

------ ________ _

None

Total

---- ------ ------------ ______________ $213,4 7 6.7 0

EIGHTEENTH ANNUAL REPORT

27

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CLAYTON Clayton, Ga.

As called for by the Superintendent of Banks.

J. C. DOVER, Date of Charter: 6-30-1904

T. A. DUCKETT, Began Business: 7-1-1904

RESOURCES:

Loans and Discounts

------------8149,897.15

State of Georgia and Municip_al

Bonds owned

6,125.00

U. S. Government Securities owned 9,975.00

Other Stocks and Bonds owned ____ 15,285.00

Banking House and Lot

3,700.00

Furniture and Fixtures ______

1,150.00

Other Real Estate owned .....

1,300.00

Cash in Vault and Amount due

from approved Reserve Agents__ 182,875.02

Checks for Clearing and due from

other Banks ---

None

Cash Items

None

Overdrafts

203.78

Ad\ance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances.

None

Profit and Loss ----------------- ____ -------

None

Other Resources . ----------- ______________

62.35

Total

8370,573.30

LIABILITIES:

Capital Stock ----- -------- ---

_______ $ 25,000.00

Capital Notes -

None

Surplus Fund --- ----- ___ ---------------- 20,000.00

Undivided Profits

4,433.72

RE>serYc Funds -------------------------------

None

Due to Banks ____ --------------

None

Dividends Unpaid

None

C~shier's Checks

1,564.22

Certified Checks

None

D('mand Deposits -------------------

319,575.36

Time Certificates of Deposits _

None

Savings Deposits

None

Letters of Credit and Acceptances

execute(l for Customers __

None

Bills Payable

_____________________ _

None

Not('s and Bills Rediscounted_

None

Other Liabilities

None

Total

------ $370,573.30

STATEMENT Showing condition at the close of Business December 31, 1937, of the

STATE BANK OF COCHRAN Cochran, Ga.

As called for by the Supe.-intendent of Banks.

T. W. FISHER, President.

L. S. LEACH, Cashier.

Date of Charter: 12-22-1921

Began Business: 1-5-1922

RESOURCES:

Loans and Discounts

__ $ 69,963.31

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 54,210.00

Other Stocks and Bonds owned- 24,864.65

Banking House and Lot

2,500.00

Furniture and Fixtures __

1,000.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents __ 82,831.01

Checks for Clearing and Due from

other Banks ----------- ------ --- --------- 1,607.74

Cash Items

None

Overdrafts

-- ---

None

Advance on Cotton and other Com~

modities

32,243.00

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss -----------------

None

Other Resources ----

None

Total ----------------------- ---- --------------------52 69.219.71

LIABILITIES:

Capital Stock

-------8 25,000.00

Capital Notes

None

Surplus Fund

9,000.00

Undivided Profits

1,059.51

Reserve Funds -----------------------

None

Due to Banks ________________________ _

Non~

Dividends Unpaid

430.00

CashiPr's Checks

7 43.00

Certified Checks

None

DE>mand Deposits

183,135.79

Time Certificates of Deposits __

3,321.80

Savings Deposits

------ ------------ 46,529.61

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __ _

None

Other Liabilities ___ _

None

Total -----------------------------------------------$2 6 9,219. 71

28

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK Colquitt, Ga.

As called for by the Superintendent of Banks.

G. C. JINKS,

D. B. BELL,

President.

Cashier.

Date of Charter: 3-24-1924

Began Business: 4-21-1D24

RESOURCES:

Loans and Discounts-

$233,994.11

State of Georgia and Municipal

Bonds owned

5,352.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned --

None

Banking House and Lot __ ----------------

1.00

Furniture and Fixtures ..

1.00

Other Real Estate owned __

1,487.00

Cash in Vault and Amount due

from approved Reserve Agents _ 78,686.58

Checks for Clearing and Due from

other Banks

3,193.39

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

33,182.43

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss ...

None

Other Resources .. .

None

Total

-- ______________ $355,897.51

LIABILITIES:

Capital Stock

-S 25,ooo.oo

Capital Notes

14,000.00

Surplus Fund

6,000.00

Undivided Profits

14,000.00

Reserve Funds

25,208.93

Due to Banks -----------------------------------

456.60

Dividends Unpaid

250.00

Cashier's Checks

1,132.55

Certified Checks

None

Demand Deposits

164,613.04

Time Certificates of Deposits._

49.084.04

Savings Deposits

56,152.35

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

__________ --S 3 55,89 7.51

STATEMENT Showing condition at the close of Business December 31, 1937, of the

COLUMBUS BANK & TRUST CO. Columbus, Ga.

As called for by the Superintendent of Banks.

W. C. BRADLEY,

JAS. A. LEWIS,

President.

Cashier.

Date of Charter: 12-24-1888

Began Business: 4-1-1889

RESOURCES:

Loans and Discounts----------------- ... $4,210,217.23

State of Georgia and Municipal

Bonds owned _

None

U. S. Government Securities owned 342,552.63

Other Stocks and Bonds owned.. 784,606.75

Banking House and Lot__

443,443.90

Furniture and Fixtures

104,826.63

Other Real Estate owned ______

108,549.55

Cash in Vault and Amount due

from approved Reserve Agents 2,634,986.40

Checks for Clearing and Due from

other Banks

143,341.00

Cash Items

23,784.15

Overdrafts ----

None

Advance on Cotton and other

Commodities

None

Customers Liability on Letters of

Credit and Acceptances --------

None

Profit and Loss.... -------------

None

Other Resources ---------------------------- 18,854.58

Total

-- ------------------------- $8,815,162.82

LIABILITIES:

Capital Stock

_____ ___ $ 850.000.00

Capital Notes

None

Surplus Fund

------------------ _ 650,000.00

Undivided Profits

140,796.45

Reserve Funds _

286,636.69

Due to Banks-

223,861.80

Dividend" Unpaid ----------------

388.50

Cashier's Checks ---------------------

72,710.21

Certified Checks

______ -------

1,770.84

Demand Deposits

3,484,736.65

Time Certificates of Deposits.... 392,894.40

Savings Deposits ----------------- ---- 2, 711,367.28

Letters of Credit and Accept-

ances executed for Customers __

None

Bills Payable -------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total -- ------

___ $ 8,815,162.82

EIGHTEENTH ANNUAL REPORT

29

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE HOME SAVINGS BANK Columbus, Ga.

As called for by the Superintendent of Banks.

H. K. PARK,

W. B. LANGDON,

President.

Treasurer.

Date of Charter: 12-26-1888

Began Business: 4-1903

RESOURCES:

Loans and Discounts

__ $

State of Georgia and Municipal

Bonds owned

U. S. Government Securities

owned

Other Stocks and Bonds owned Banking House and Lot ___

Furniture and Fixtures

Other Real Estate owned __

Cash in Vault and Amount due

from approved Reserve Agents

Checks for Clearing and Due from other Banks ____

Cash Items

Overdrafts

Advance on Cotton and other

Commodities

Customers Liability on Letters of

Credit and Acceptances

Profit and Loss--

Other Resources

647,499.67
None
60,018.75 227,863.47
None 9,950.00 136,460.00
194,149.75
13,656.69 None None
None
None None 407.22

Total

__ $1,29 0,00 5. 55

LIABILITIES:

Capital Stock

75,000.00

Qapital Notes

None

Surplus Fund ------------------

20,000.00

Undivided Profits

8,S00.56

Reserve Funds

14,950.00

Due to Banks-

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

None

Demand Deposits

None

Time Certificates of Deposits--

None

Savings Deposits --

1,169,054.99

Letters of Credit and Accept-

ances executed for Customers

None

Dills Payable _

None

Notes and Bills Rediscounted __

None

Other Liabilities ____________________________ 2,200.00

Total ----------------------- -------------- _______ $1,290,00 5.55

STATEMENT

Showing condition at the close of Business December 31, 1937, of the

MERCHANTS & MECHANICS BANK

Columbus, Ga.

As called for by the Superintendent of Banks.

J. B. KEY,

J. A. HARLEY,

President.

Cashie1.

Date of Charter: 1214-1871

Began Business: 1872

RESOURCES:

Loans and Discounts--------------------$1,508,089.25

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities

owned

-------------------- 83,378.13

Other Stocks and Bonds owned ____ 163,614.23

Banking House and Lot __

60,000.00

Furniture and Fixtures

25,000.00

Other Real Estate owned

19,163.12

Cash in Vault and Amount due

from approved Reserve Agents 868,599.56

Checks for Clearing and Due

from other Banks___ ---------------- 322,568.12

Cash Items

----------------------

2,292.40

Overd,afts _______________ ------ - --------

585.32

Advance on Cotton and other

Commodities ---

------- -----

9,247.36

Customers Liability on Letters of

Credit and Acceptances ____

None

Profit and Loss ----------------

None

Other Resources ---------------------------

None

Total -------------------------------- -------------$ 3,0 62,5 3 7.4 9

LIABILITIES:

Capital Stock --------------------------------8 200,000.00

Capital Notes Surplus Fund _________________ _

None 200,000.00

Undivided Profits

126,694.30

Reserve Funds -----

25,000.00

Due to Banks

75,516.38

Dividends Unpaid

30,000.00

Cashier's Checks

53,093.06

Certified Checks ----------------------

22,641.77

Demand Deposits

1,475.013.63

Time Certifi&;ltes of Deposits--

59,770.83

Savings Deposits

794,807.52

Letters of Credit and Accept-

ances executed for Customers

None

Bills Payable --- ----------------

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total __ ------------------------------------------$3,0 62,5 3 7. 4 9

30

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

TRUST COMPANY OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

F. G. LUMPKIN,

J. D. BOX,

President.

Vice-Pres. & Sec.

Date of Charter: 1892

Began Business: 1892

RESOURCES:

Loans and Discounts

__________ $388,903.49

State of Georgia and Municipal

Bonds o'vned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

1,510.46

Banking House and Lot-----------

1<!1,697.52

Furniture anti Fixtures __

215.00

Other Real Estate owned_

126,933.85

Cash in Vault and Amount due

from approved Reserve Agents 71,086.70

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

moctities

None

Customers Liability on Letters of

Credit flnrl Acceptances .

None

Profit and Loss -- -------- ----

None

Other Resources ----

2,368.53

Total

S732,715.55

LIABILITIES:

Capital Stock

--------S 1 oo,o oo.o o

Capital Notes -- -------------------

95,000.00

Surplus Fund

160,000.00

Undivided Profits

8,653.66

Reserve Funds

99,172.40

Due to Banks

10,000.00

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

None

Demand Deposits

None

Tim( Certificates of Deposits

192,506.50

Savings Deposits

63,850.18

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities ---

3,532.81

Total

..... S732,7!5.55

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ROWE BANKING COMPANY Comer, Ga.

As called for by the Superintendent of Banks.

W. A. ROWE,

W. N. NOELL,

President.

Cashier.

Date of Charter: 10-3-1935

Began Business: 10-10-1935

RESOURCES:

Loans and Discounts -

--------- $ 25,054.85

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 2,250.00

Other Stocks and Bonds owned..

4,77 5.00

Banking House and Lot_ ________ _

800.00

Furniture and Fixtures _

110.00

Other Real Estate owned..

None

Cash in Vault and Amount due

from apnroved Reserve Agents __ 20,269.12

Checks for Clearing and Due from

other Banks

None

Cash Items ----------- --------

None

Overdrafts

198.80

Advance on Cotton and other Com-

modities

30,906.83

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss.

None

Other Resources _-----------------------

None

Total

--------------- -- -------------------$ 84,364.60

LIABILITIES:

Capital Stock

--------$ 15,000.00

C.apital Notes ----- -----------------

None

Surplus Fund

6,000.00

Undividerl Profits

15.54

Reserve F'unds ----------------

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks __ --------------------

434.91

Certified Checks

None

DE'mand Dlposits

50,196.22

Time Certificates of Deposits .

12,717.93

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted..

None

Other Liabilities

None

Total --------

________ $ 84,364.60

EIGHTEENTH ANNUAL REPORT

31

STATEMENT Showing condition at the close of Business, December 31, 1937, of the

NORTHEASTERN BANKING CO.

Commerce, Ga.

As called for by the Superintendent of Banks.

C. J. HOOD, President.

SAM HOOD, Cashier.

Date of Charter: 8-25-1891

Began Business: 1892

RESOURCES:

Loans and Discounts-

5141,477.10

State of Georgia and Municipal

Bonds owned

22,593.19

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

4,750.00

Banking House and Lot--

5,048.56

Furniture and Fixtures ----------------

2,929.25

Other Real Estate owned _

9,800.00

Cash in Vault and Amount due

from approved Reserve Agents 201,004.96

Checks for Clearing and Due from

other Banks

1,959.49

Cash Items --------------------- ___

None

Overdrafts

None

Arlvance on Cotton and other Com-

modities

34,434.82

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

233.75

Total

$424,231.12

LIABILITIES:

Capital Stock ------------------------------------$ 50,000.00

Capital Notes ----------------

None

Surplus Fund

25,000.00

Undivided Profits

2,715.98

Reserve Funds

None

Due to Banks

None

Dividends. Unpaid

4,265.00

Cashier's Checks

592.87

Certified Checks

41.00

Demand Deposits

240,846.13

Time Certificates of Deposits _ 100,770.14

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

N otPs and Bills Rediscounted __

None

Other Liabilities

None

Total

__________ s121.2 31.12

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CONCORD BANKING CO.

Concord, Ga.

As called for by the Superintendent of Banks.

C. T. SMITH,

S. A. KING,

President.

Cashier.

Date of Charter: 10-29-1903

Began Business: 11-18-1903

RESOURCES:

Loans and Discounts ______ -

___ $ 68,104.66

State of Georgia .and Municipal

Bonds ownNl

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned_

None

Banking House and Lot __

None

Furniture and Fixtures _

1,500.00

Other Real Estate owned ____ _

5,200.00

CaDh in Vault and Amount due

from approved Reserve Agents _ 55,894.29

Checks for Clearing and Due from

other Banks

None

Cash Items

None

6verdrafts

None

Advance on Cotton and other Com-

modities ---------------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

-----------------------

None

Other Resources

None

Total

_________ $130,698.9 5

LIABILITIES:

Capital Stock

$ 25,000.00

Capital Notes

None

Surplus Fund -

12,000.00

Undivided Profits

972.00

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

None

Cashier's Checks

10.25

Certified Checks

None

Dcm;::md Deposits

73,466.56

Time Certificates of Deposits __ _ 19,250.14

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable ----

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

---------------------------- ____ $130,69 8.95

32

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CONYERS Conyers, Ga.

As called for by the Superintendent of Banks.

W. T. BALDWIN,

M. W. HULL,

President.

Cashier.

Date of Charter: 11-25-1904

Began Business: 12-19-1904

RESOURCES:

Loans and Discounts

___ $119,114.44

State of Georgia and Municipal

Bonds owned

-- -------------------- 2,000.00

U. S. Government Securities owned 10,000.00

Other Stocks and Bonds owned ___ _ 19,074.09

Banking House and Lot_----------------- 3,000.00

Furniture and Fixtures

1,000.00

Other Real Estate owned-

2,H34.75

Cash in Vault and Amount due

from approved Reserve Agents 43,079.77

Cheeks for Cl~aring and Due from

other Banks -

1,847.02

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modiiiE>s

None

Cus tamers Liability on Letters of

Credit and Acceptances..

None

Profit and Loss

None

Other Resources

None

Total

--------$2 01 '95 0.0 7

LIABILITIES:

Capital Stock

___ $ 30,000.00

Capital Notes

None

Surplus F"und

6,000.00

Undivided Profits

7,403.17

Reserve Funds

2,746.11

Due to Banks

None

Dividends Unpaid

None

Cashier's Cht>cks

806.75

Certified Checks

None

Demand Deposits

118,029.11

Time Certificates of Deposits __

32,32 7.63

Savings Deposits

4,637.30

Letters of Credit and Acceptances

executed for Customers __

None

BiUs Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities --

None

Total

-- ..... $20 1,9 5 0.0 7

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks.

G. C. SIMS,

R. H. STILL,

President.

Cashier.

Date of Charter: 10-15-1891

Began Business: 6-1-1901

RESOURCES:

Loans and Discounts..

__ $104,221.82

State of Georgia and Municipal

Bonds owned

--- ----

None

U. S. Government Securities owned 2,500.00

Other Stocks and Bonds owned __ 15,300.70

Banking House and Lot__-

3,500.00

Furniture and Fixtures __ -

1,500.00

Other Real Estate owned __

1,650.00

Cash in Vault and Amount due fran~ approved Reserve Agents 39,190.65

Checks for Clearing and Due from

other Banks

3,121.86

Cash Items

6,814.60

Overdrafts

4,055.59

Advance on Cotton and other Com-

modities

42,397.25

Customers Li~bility on Letters of

Credit and Acceptances __

None

Profit and Loss -

None

Other Resources

None

Total

--------------- -------$22 4,252.4 7

LIABILITIES:

Capital Stock

-----$ 25,000.00

Capltal Notes

None

Surplus Fund

25,000.00

Undivided Profits -- --------------

None

Reserve Funds - .

350.73

Due to Banks __

None

Dividends Unpaid

75.00

Cashier's Checks

None

Certified Checks

None

Demand Deposits

14?.,122.78

Time Certificates of Deposits __

26,998.21

Savings Deposits . ____________ _

4,705.75

Letters of Credit and Accept~nces

executed for Customers._

None

Bills Payable

None

Notes and Bills Rediscounted __ -

None

Other Liabilities ------

None

Total

___ $224,252.47

EIGHTEENTH ANNUAL REPORT

33

STATEMENT Showing condition at the close of Business December 31, 1937, of ,the

FARMERS & MERCHANTS BANK Coolidge, Ga.

As called for by the Superintendent of Banks.

BOYKIN HARRISON,

A. P. MEGAHEE,

President.

Cashier.

Date of Charter: 12-18-1911

Began Business: 11-20-1911

RESOURCES:

Loans and Discounts

__ $ 42,638.16

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 18,815.21

Other Stocks and Bonds owned __

None

Banking House and Lot_

2,500.00

}""'urniture and Fixtures __

2,500.00

Other Re.al Estate owned __

2 4,18 7. 78

Cash in Vault and Amount due

from approved Reserve Agents 22,420.91

Checks for Clearing and Due from

other Banks ----

10,065.00

Cash Items

None

Overdrafts

2,291.15

Advance on Cotton and other Com-

modities

---- -----------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __ _

None

Other Resources -------

None

Total

... $125,418.21

LIABILITIES:

Capital Stock ____________________________ $ 25,000.00

Capital Notes

23,875.00

Surplus Fund

None

Undivided Profits

2,426.75

Reserve Funds Due to Banks _______________________ _

360.96 None

Dividends Unpaid

None

Cashier's Checks

28.00

CPrtified Checks

None

Demand Deposits

36,545.83

Time Certificates of Deposits __

36,57!1.03

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liahilities

602.6-1

Total

-----------------------------~------------- $12 5, 418.21

STATEMENT Showing condition at the close of Business December 31, 1937, of 'the

CORDELE BANKING CO. Cordele, Ga.

As called for by the Superintendent of Banks.

J. H. CHILDS,

THOS. T. LYTLE,

President.

Cashier.

Date of Charter: 5-31-1927

Began Business: 6-15-1927

RESOURCES:

Loans and Discounts_

__________ $121.183.50

State of Georgia and Municipal

Bonds owned ------

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ___

None

Banking House and Lot

None

Furniture and Fixtures

5,000.00

Other Real Estate owned.--

None

Cash in Vault and Amount due

from approved Reserve Agents 284,070.14

Checks for Clearing and Due from

other Banks -------------------

16,495.88

Cash Ite-ms

----------------~---

None

Overdrafts

.54

Advance on Cotton and other Com-

modities --------- -- -----

10,587.19

Customers Liability on Letters of Credit and Acceptances--

None

Profit and Loss

-------~--------

None

Other Resources ----------

None

Total

________ $43 7,3 3 7.25

LIABILITIES:

Capital Stock -- --------- -----------------------5 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

2,361.32

Reserve Funds -------------------- ________ ---

None

Due to Banks __

None

Dividends Unpaid

203.00

Cashier's Checks

4,579.44

Certified Checks

None

Demand Deposits

312,345.37

Time Certificates of Deposits--

39,556.G2

Savings Deposits ------------------------

48,291.50

Letters of Credit and Acceptances

executed for Customers __

None

Bills Pay able

None

Notes and Bills Rediscounted

None

Other Liabilities ---

None

Total

---- ~--~-~----------- -~------------------$ 4 3 7, 3 3 7.2 5

34

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of \the

CORNELIA BANK Cornelia, Ga.

As called for by the Superintendent of Banks.

OSCAR E. FLOR,

W. V. GRANT,

President.

Cashier.

Date of Charter: 7-3-1900

Began Business: 8-4-1900

RESOURCES:

Loans and Discounts

________ $227, 7 44.28

St(lte of Georgia and Municipal

Bonds owned

1,363.32

U. S. Government Securities owned 115,816.83

Other Stocks and Bonds owned--

None

Banking House and LoL_

10,000.00

Furniture and Fixtures

3,840.00

Other Real Estate owned_

31,255.16

Cash in Vault and Amount due

from approved Reserve Agents 137,373.85

Checks for Clearing and Due from

other Banks

4,523.54

Cash Items

773.96

Overdrafts

691.49

Advp.nce on Cotton and other Com-

modities

15,016.44

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss -

None

Other Resources

None

Total

____ S 5 48,39 8.87

LIABILITIES:

Capital Stock

---------$ 40,000.00

Capital Notes

39,800.00

Surplus Fund

4,000.00

Undivided Profits

4,238.07

Reserve Funds -----

9,873.36

Due to Banks -

None

Dividends Unpaid

None

Cashier's Checks

181.13

Certified Checks

1.10

Demand Deposits

267,742.35

Time Certificates of Deposits ____

39,186.08

Savings Deposits

143,376.78

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted--

None

Other Liabilities

None

Total

---- $548,398.87

STATEMENT Showing condition at the close of Business December 31, 1937, of :the

BANK OF COVINGTON & TRUST CO.

Covington, Ga.

As called for by the Superintendent of Banks.

R. R. FOWLER, SR.

J. E. PHILIPS,

President.

Cashier.

Date of Charter: 4-4-19 01

Began Business: 4-1901

RESOURCES:

Loans and Discounts

____ $221,553.38

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 159,398.44

Other Stocks and Bonds owned __ 203,510.27

Banking House and Lot__

None

FUrniture and Fixtures __

5,108.65

Other Real Est;ite owned

2,600.72

Cash in Vault and Amount due

from approved Reserve Agents 314,544.84

Checks for Clearing and Due from

other Banks

3,225.23

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

80,858.19

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss _

None

Other Resources

None

Total

_____________________ $ 9 9 0, 79 9. 7 2

LIABILITIES:

Capital Stock

___ $100,000.00

Capital Notes

None

Surplus Fund

25,000.00

Undivided Profits

1,257.18

Reserve Funds

25,000.00

Due to Banks

None

Dividends Unpaid

8,000.00

Cashier's Checks

I, 768.55

Certified Checks

None

Demand Deposits

- _____ -------- 645,729.66

Time Certificates of Deposits__

None

Savings Deposits

184,044.33

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities _

None

Total

...$990, 799.72

EIGHTEENTH ANNUAL REPORT

35

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE COMMERCIAL BANK Crawford, Ga.

As called for by the Superintendent of Banks.

M. BLANCHARD,

E. H. FURCRON,

President.

Cashier.

Date of Charter: 9-2-1924

Began Business: 9-5-1924

RESOURCES:

LIABILITIES:

Loans and Discounts-----------------------$ 94,317.37

State of Georgia and Municipal

Bonds owned
u. S. Government Securities owned

None None

Other Stocks and Bonds owned __

None

Banking House and Lot__

1,700.00

Furniture and Fixtures __ ---------------- 2,250.00

Other Real Estate owned __

700.00

Cash in Vault and Amount due

from approved Reserve Agents __ 38,552.46

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

133.85

Advance on Cotton and other Com-

modities

39,920.95

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss -

None

Other Resources

None

Total

Capital Stock -- ---------------------------------$ Capital Notes Surplus Fund Undivided Profits -------------- -----------Reserve Funds -------------------------------Due to Banks Dividends Unpaid Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits __
Savings Deposits Letters of Credit and Acceptances
E-xecuted for Customers __ Bills Pay_a ble Notes and Bills Rediscounted Other Liabilities

15,000.00 10,000.00
4,000.00 12 0. 71
2,625.00 None
366.00 3,884.32
None 85,442.98
4,974.52 51,161.10
None None None None

Total

-- ____ $177,57 4.63

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF CUMMING Cumming, Ga.

As called for by the Superintendent of Banks.

ROY P. OTWELL,

B. L. REDD,

President.

Cashier.

Date of Charter: 10-11-1904

Began Business: 10-19-1904

RESOURCES:

Loans and Discounts _______________________ $ 73,191.47

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 5,000.00

Other Stocks and Bonds owned

None

Banking House and Lot

4,000.00

F'urniture and Fixtures __

2,000.00

Other Real Estate owned __

14,900.00

C.ash in Vault and Amount due

from approved Reserve Agents 91,234.63

Checks for Clearing and Due from

other Banks ----------------------

1,367.39

Cash Items

40.75

Overdrafts

134.64

Advance on Cotton and other Com-

moditi<'s

7,360.86

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources ------------------

19,153.25

Total __________________________ -------------------- $218,3 8 2. 9 9

LIABILITIES:

Capital Stock ---

____________________ $ 15,000.00

C,lpital Notes

13,900.00

Surplus Fund

2,000.00

Undivided Profits

2,026.74

Reserve Funds

387.50

Due to Banks _

None

DividC"nds Unpaid

None

Cc-.shier's Checks

.14

Certified Checks

None

Demand Deposits

146,987.51

Time Certificates of Deposits __

15,179.15

Savings Deposits

22,895.95

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

6.00

Total

--------------------$218' 3 8 2. 9 9

36

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of ,the

BANK OF DAHLONEGA Dahlonega, Ga.

As called for by the Superintendent of Banks.

J. F. PRUETT,

J. F. SANDERS,

President.

Cashier.

Date of Charter: 5-27-1914

Began Business: 5-1914

RESOURCES:

Loans and Discounts

_________ . . $116,263.93

State of Georgia and Municipal

Bonds owned

32,879.44

U. S. Government Securities owned 7,500.00

Other Stocks and Bonds owned __

5,000.00

Banking HousE> and Lot __ _

1,000.00

Furniture and Fixtures

1.00

Other Real Estate owned

100.00

Cash in Vault and Amount due

from approved Reserve Agents 104,954.02

Checks for Clearing and Due -from

other Banks

None

Cash Items

None

Overdrafts . ------------- --------

1.58

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss _

None

Other Resources

None

Tot~l

$267,699.97

LIABILITIES:

Capital Stock

------------$ 15,000.00

Capital Notes

None

Surplus

5,000.00

Undivided Profits

8,853.80

Reserve Funds

None

Due to Banks

None

DividPnds Unpaid

None

Cashier's Checks

1,967.98

Certified Checks

None

Demand Deposits

167,998.76

Tim,, Certificates of Deposits

68,879.43

Savings DPposits

None

Letters of Credit and Acceptances

ex~cutec1 for Customers_

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other- Li,abilities

None

Total

___________ $267,6a9.n

STATEMENT Showing condition at the close of Business December 31, 1937, of '.the

THE BANK OF DALTON Dalton, Ga.

As called for by the Superintendent of Banks.

W. C. MARTIN,

JAMES J. COPELAND,

President.

Cashier.

Date of Charter: 12-21-1911

Began Business: 10-12-1912

RESOURCES:

Loans and Discounts

___________ .. $315,923.42

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 5,950.06

Other Stocks and Bonds owned

6,500.00

Banking House and Lot-_

16,000.00

Furniture and Fixtures __

4,000.00

Other Real Estate owned __ _

40,850.00

Cash in Vault and Amount due

from approved Reserve Agents__ 139,351.63

Cheeks for Clearing and Due from

other Banks

3,024.92

Cash Items

7,337.65

Overdrafts

- -------

Advance on Cotton and other Com~

331.44

modi ties

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total --.

_____ $ 539,2 69.12

LIABILITIES:

Capital Stock --------------- ___________ $ 50,000.00

Capital Notes

None

Surplus Fund

12,500.00

Undivided Profits

2,533.61

Reserve Funds

1,000.00

Due to Banks _

None

Dividends Unpaid

None

Cashier's Ch{~cks

323.67

Certified Checks

None

D~>mand Deposits

292,558.60

Time Certificates of Deposits __

47,4-14.17

Savings Deposits

132,909.0'1

Lette-fs of Credit and Acceptances

executeU for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

.. $539,269.12

EIGHTEENTH ANNUAL REPORT

37

STATEMENT Showing condition at the close of Business December 31, 1937, of \the

HARDWICK BANK & TRUST CO. Dalton, Ga.

As called for by the Superintendent of Banks.

G. L. HARDWICK,

R. H. SAPP,

President.

Cashier.

Date of Charter: 2-17-1922

Began Business: 2-20-1922

RESOURCES:

Loans and Discounts

______________ $449,574.80

State of Georgia and Municipal

Bonds owned

33,7 45.18

U. s. Government Securities owned 388,473.33

Other Stocks and Bonds owned __ 236,618.16

Banking House and Lot-

57,000.00

Furniture and Fixtures -

3,821.65

Other Real Estate owned -

45,957.19

Cash in Vault and Amount due

from approved Reserve Agents 260,103.03

Checks for Clearing and Due from

other Banks

None

Cash Items Overdrafts

None 100.46

Adv,ance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Accentances

None

Profit and Loss - ------~-----------

Other Resources

_______________ _

None None

Total

.$1,475,393.80

LIABILITIES:

Capital Stock

_ :j;100,000.00

Capital Notes

None

Surplu8 Fund

75,000.00

Undivided Profits

7,728.56

Reserve Funds

None

D'..le to Banks __

25,215.43

Dividends Unpaid

5,000.00

Cashier's Checks

4,177.87

Certified Checks .....

25.00

Demand Devosits

531,672.11

Time Certificates of Deposits __

37,7R0.48

Savings Deposits

688,794.35

Letters of Credit and Acceptances

exeeuted for Customers __

None

BilJs Payable

None

Notes nnd Bills Rediscounted.

None

Other Liabilities

None

Total

-- ----- ... $1,4 75,393.80

STATEMENT Showing condition at the close of Business. December 31, 1937, of the

BANK OF DANIELSVILLE Danielsville, Ga.

As called for by the Superintendent of Banks.

R. C. GRIFFITH,

R. C. GRIFFITH,

President.

Cashier.

Date of Charter: 12-11-1907

Began Business: 1-15-1908

RESOURCES:

Loam:; ar1d Dit:lcounts__

------------$ 32,894.95

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 16,000.00

Other Stocks and Bonds owned __ _

None

Banking House and Lot .

2,000.00

Furniture and Fixtures ______________ _ 1,000.00

Other Reai Estate owned_

2,250.00

Cash in Vault and Amount due

from approved Reserve Agents 96,061.52

Checks for Clearing and Due from

other Banks

16,332.36

Cash Items

163.17

Overdrafts

441.49

Advance on Cotton and other Com-

modities

-----------------

None

Customers Liability on Letters of

Credit and Acceptances __ Profit and Loss _______________ _

None None

Other Resources __

None

Total

_____ $16 7,143.49

LIABILITIES:

Capital Stock

.. --- - .. s 15,000.00

Capital Notes

None

Surplus Fund

8,000.00

Undivided Profits

325.00

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

53.39

Certified Checks

None

Demantl Deposits

12R,R63.43

Time Certificates of Deposits __ _ 14,901.67

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers__

None

Bills P;wable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

--- ________ $167,143.49

38

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of lthe

THE DARIEN BANK Darien, Ga.

As called for by the Superintendent of Banks.

C. M. TYSON,

D. E. LANE,

President.

Cashier.

Date of Charter: 12-8-1888

Began Business: 1-24-1889

RESOURCES:

Loans and Discounts _-

__ $ 95,488.12

State of Georgia and Municipal

Bonds owned

15,000.00

U. S. Government Securities owned 23,375.00

Other Stocks and Bonds owned.

None

Banking- House and Lot-.

1,500.00

Furniture and Fixtures ________ _

1,200.00

Other Real Estate owned--

3,441.26

Cash in Vault and Amount due

from approved Reserve Agents 31,362.49

Checks for Clearing and Due -from

other Banks

216.75

Cash Items

None

Overdrafts

None

Ad\ance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss.

None

Other Hesources

407.00

Total

--- $171,990.62

LIABILITIES:

Capitnl Stock

-------- .S 25,000.00

Capital Notes

None

Sc-;rplus Fund

5,000.00

UndividL'd Profits

5,000.00

Rf'serve Funds

None

Due to Banks

None

Dividends Unpaid

1,000.00

Cashier's Checks

513.40

Certified Checks

None

DE>mand Deposits

71,326.~8

Time Certificates of Deposits __

849.91

Saving-s Deposits

63,300.43

LC'tters of Credit and Acceptances

executed for Customers __ _

None

Bills Payable

--~--

None

?\ otc's and BiiJs Rediscounted ___

None

Othr Liabilities _

"N"one

Total

__ Sl71.990.62

STATEMENT Showing condition at the close of Business December 31, 1937, of <the

BANK OF DAWSON Dawson, Ga.

As called for by the Superintendent of Banks.

M. C. EDWARDS,

J. E. KING,

President.

Cashier.

Date of Charter: 6-29-1911

Began Business: 7-1-1911

RESOURCES:

Loans and Discounts __ ~ ~--~---~ __. _._$401,624.85

State of Georgia and Municipal

Bonds owned

5.000.00

U. S. Government Securities owned 40,917.54

Other Stocks and Bonds owned--

500.00

Banking House and Lot -

25,000.00

Furnitllre and Fixtures

1,800.00

Other Real Estate owned - ~

16,871.07

Cash in Vault and Amount due

from approved Reserve Agents 189,707.12

Checks for Clearing and Due from

other Banks ---

5,487.66

Cash Items 0 verdrafts

---- --- ----------_______ _

None None

Advance on Cotton and other Com-

modities

105,959.31

Customers Liability on Letters of

Credit and Acceptances .. _

None

Profit and Loss ____ _

None

Other Resources

None

Total

________ , 792,8 6 7.55

LIABILITIES:

Capital Stock

__ $100,000.00

Capital Notes

None

Sur~Jlus Fund

20,000.00

Undivided Profits

2,73R.02

Reserve Funds

None

Due to Bflnks __

3,5-12.38

Dividends Unpaid

231.00

Cashier's Checks -------- ----------

9,222.90

Certified Checks

None

Demand Deposits

519.606.31

Time Certificates of Deposits __ _ 101,715.77

Savings Deposits

35,808.17

Letters of Credit and Acceptances

EXecuted for Customers ___

~one

Rills Payable

None

Notes and Bills Rediscounted--

None

Other Liabilities

None

Total

-- -----------------------3 792,8 6 7.55

EIGHTEENTH ANNUAL REPORT

39

STATEMENT Showing condition at the close of Business December 31, 1937, of lthe

BANK OF TERRELL Dawson, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY,

R. C. SHEPHERD,

President.

Cashier.

Date of Charter: 3-23-1936

Began Business: 4-28-1936

RESOURCES:

Loans and Discounts------- --- __ $125,565.99

State of Georgia and Municipal

Bonds owned
u. S. Government Securities owned

3,354.72 5,500.00

Other Stocks and Bonds owned __

None

Banking House and Lot

5.000.00

Furniture and Fixtures

3,398.87

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 72,707.83

Checks for Clearing and Due from

other Banks

345.41

Cash Items

5.15

Overdrafts

71.23

Advance on Cotton and other Com-

modities --- --------------

2,231.82

Customers Liability on Letters of

Credit and Acceptances . -

None

Profit and Loss---------------------------------

None

Other Resources--

None

Total

------------- $218,181.02

LIABILITIES:

Capital Stock

25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

636.30

Reserve Funds -------------- -------

None

Due to Banks.

None

Dividends Unpaid

None

Gashier's Checks

246.75

Certified Checks

4.50

Demand Deposits

126,893_19

Time Certificates of Deposits __

32,395.73

Savings Deposits

28,004.55

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bi1ls Rediscounted __

None

Other Liabilities

----------------- _

None

Total

- $218,181.02

STATEMENT Showing condition at the close of Business December 31, 1937, of the

MERCHANTS & FARMERS BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

P. S. CUMMINGS,

E. T. KELLY,

President.

Cashier.

Date of Charter: 9-24-25

Began Business: 9-24-25

RESOURCES:

Loans and Discounts__

.$174,030.61

State of Georgia and Municipal

Bonds owned

10,789.14

U. S. Government Securities owned

None

Other Stocks and Bonds owned

None

Banking House and Lot _____ _

6,000.00

Furniture and Fixtures--

3,421.00

Other Real Estate owned~-

None

Cash in Vault and Amount due

from approved Reserve Agents 17,752.71

Checks for Clearing and Due from

other Banks ----------------~-----

None

Cash Items ----------------------------------

None

Overdrafts ------------------------- -- --- --------

None

Advance on Cotton ,and other Com-

modities

------------ ----------------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss _

None

Other Resources

None

Total

--------- $211,9 9 3.46

LIABILITIES:

Capital Stock

_______ 3 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

4,480.77

Reserve Funds __

3,624.00

Due to Banks __

None

Dividends Unpaid

None

Cashier's Checks

406.08

Certified Checks

None

Demand Deposits

115,594.67

Time Certificates of Deposits __

52,500.00

Savings Deposits

5,387.94

Lettf'TS of Credit and Acceptances

executed for Customers __

None

11ills Payable

None

Notes and Bills Rediscounted_

Non.e

Other Liabilities

None

Total

_____________ $211,9 n .4 6

40

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of -\he

COFFEE COUNTY BANK Douglas, Ga.

As called for by the Superintendent of Banks.

C. L. LOTT,

H. L. SHANNON,

President.

Cashier.

Date of Charter: 6-19-1931

Began Business: 7-1-1931

RESOURCES:

Loans and Discounts

8120,893.68

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 15,000.00

Other Stocks and Bonds owned -

None

Ranking House and Lot------

None

Furniture and Fixtures

None

Other Real Estate owned ..

None

Cash in Vault and Amount due

from approved Reserve Agents 451,201.30

Checks for Clearing and Due from

other Banks

3,843.65

Cash Items

None

Overdrafts

None

Ar:lvance on Cotton and other Com-

modities

194,411.10

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ..--

None

Other Resources

None

Totnl

- $785,349.73

LIABILITIES:

Capital Stock

____ $ 50,000.00

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits

40,016.50

Reserve Funds Due to Banks __

None None

Dividends Unpaid

5,352.00

Cashier's Checks

1,599.93

Certified CheckH

None

Demand Deposits

619,000.53

Time Certificates of Deposits_

1 G, 750.62

Savings Deposits

42,625.15

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

1:\otC's and Bil1s Rediscounted __

None

Other Liabilitif's

None

Total

---$7R5,349.73

STATEMENT Showing condition at the close of Business- December 31, 1937, of the

CITIZENS & SOUTHERN BANK OF DUBLIN Dublin, Ga.

As called for by the Superintendent of Banks.

V. B. JENKINS,

C. U. SMITH,

President.

Vice-Pres. & Cashier.

Date of Charter: 10-29-1928

Began Business: 11-1-1928

RESOURCES:

Loans and Discounts___

_$868,629.65

State of Georgia and Municipal

Bonds O\vned-

29,500.00

U. S. Government Securities owned 97.804.30 Other Stocks and Bonds owned ___ 19,600.00

Banking House and Lot

20,000.00

Furniture and Fixtures

None

Other Real Estate owned--

None

CaHh in Vault and Amount due

from approved Reserve Agents 170,359.55

Checks for Clearing and Due from other Banks
Cash Items

4,429.83 3,016.41

Overdrafts

199.77

Advance on Cotton and other Com-

modities

14,880.26

Customers Liability on Letters of Credit and Acceptances __
Profit and Loss __ Other Resources

None None None

Total

_____ $1 ,22 8,419. 77

LIABILITIES:

Capital Stock

---$100,000.00

Capital Notes

None

Surplus Fund

20,000.00

Undidded Profits

35,420.44

Reserve Funds

18,366.29

Due to Banks _

85,191.50

Dividends Unpaid

None

Cashier's Checks

2,586.38

Certified Checks

85.98

Demand Deposits

681,817.02

Time Certificates of Deposits _______ 41,629.93

Savings Deposits

243,322.23

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities -- __ ------------------------

None

Total ----

------------------------ ______ $1' 22 8' 41 9. 7 7

EIGHTEENTH ANNUAL REPORT

41

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK Dublin, Ga.

As called for by the Superintendent of Banks.

JAMES L. KEEN,

L. P. KEEN,

President.

Cashier.

Date of Charter: 5-26-1910

Began Business: 7-6-1910

RESOURCES:

Loans and Discounts__

______________ $ 88,217.54

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 16,475 00

Other Stocks and Bonds owned

None

Banking House and Lot _

1,000.00

Furniture and Fixtures

1,859.45

Other Real Estate o\vned

5,618.63

Cash in Vault and Amount dne

from approved Reserve Agents 89,736.24

Checks for Clearing and Due from

other Banks Cash Items ______________ _

None None

Overdrpils

1'<0.97

Advance on Cotton and other Com-

modities

87,743.42

Customers Liability on Letters of

Credit and Acceptances

Nm:P

Proflt and Loss __

None

Other Resources

1,019_69

Total

______ $ 291,812.91

LIABILITIES:

Capital Stock --~----------------~--- ------------~ 25,000.00

Capital Notes

10,000.00

Surplus Fund

5,000.00

Undivided Profits

4,178.41

Reserve Funds

None

Due to Banks _

None

Dividends Unpaid -

None

Ca8hier's Checks

677.59

Certified Checks

None

Demand Deposits

212,142.05

TimP Ccrtificjltes of Deposits

34,8!.\.89

Sa~.-ings Deposits

None

LeUPrs of Credit and Acceptances

E:'Xe{~uied for Customers -

Non~

Bills Payable

None

).Jotes anrl Bills Rediscounted __

None

Othpr Liahilitics

None

Total

~-- $291,812.94

STATEMENT Showing condition at the close of Business December 31, 1937, ofithe

BANK OF DUDLEY Dudley, Ga.

As called for by the Superintendent of Banks.

U. G. B. HOGAN,

RUBERT L. HOGAN,

Vice-Pres.

Cashier.

Date of Charter: 10-2-1905

Began Business: 11-1905

RESOURCES:

Loans and Discounts__

_ ________ $ 72,300.11

State of Georgia and Municipal

Bonds owned

5,300.00

U. S. Government Securities owned 5,000.00

Other Stocks and Bonds owned ..

None

Banking; House and LoL.

1,000.00

Furniture and Fixtures

1,000.00

Other Real Estate o\vned .. ------

600.00

Cash in Vault and Amount due

from approved Reserve Agents 16,035.30

Checks for Clearing and Due from

other Banks -

None

Cash Items

53.80

Overdrafts

132.78

Advance on Cotton and other Com-

modities _____ -----------"-- _____ ---

558.22

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss __

None

Other Resources

None

Tot;1l

- ________ $1 01,9 80.21

LIABILITIES:

Capital Stock

---~$

Capital Notes

Surplus Fund

Undivided Profits

Reserve Funds

Due to Banks

Dividends Unpaid

Cashier's Checks

CertitlPd Checks

Demand Deposits

Time Certificates of Deposits

Savings Deposits

Lettt::~rs of CreU.it and Acceptances

executed for Customers ---

Bills Payable

Notes and Bills Rediscounted

Other Liabilities

15,000.00 2,000.00 None 981.83 940.49 None None 392.74 None
59,338.05 23,327.10
None
None None None None

Tot.al

_____ $1 01,9 80.21

42

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of ithe

BANK OF EASTMAN Eastman, Ga.

As called for by the Superintendent of Banks.

W. L. JESSUP,

GEO. D. MULLIS

President.

Cashier.

Date of Charter: 12-28-1918

Began Business: 1-2-1919

RESOURCES:

Loans and Discounts__

_______ $122,867.86

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 50.100.00

Other Stocks and Bonds owned_

1,950.00

Banking House and Lot __

14,500.00

Furniture fl.Tid Fixtures

4,000.00

Other Real Estate owned __

26,362.50

Cash in Vault and Amount due

from approvE>d Reserve Agents 96,941.94

Checks for Clearing and Due from

other Banks

1,137-59

Cash Items

252.28

Overdrafts

236.97

Advance on Cotton and other Com-

modities

63,778.72

Customers Liability on Letters of

Credit and Accept_ances _

None

Profit and Loss __

None

Other Resources

None

Total

----------$382' 12 7.8 6

LIABILITIES:

Capital Stock

________ $ 40,000.00

Capital ~ otes

25,000.00

Surplus Fund

None

Untiivided Profits

2,865.06

Reserve Funds

1,500.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

None

Demand Deposits

207,705.29

Time Certificates of Deposits

35,818.20

Savings Deposits

69,239.31

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted--

None

Other Liabilities -----

None

Total

$382,127.86

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF FULTON COUNTY East Point, Ga.

As called for by the Superintendent of Banks.

GEO. F. LONGINO,

FRED W. COOPER,

President.

Cashier.

Date of Charter: 3-22-1934

Began Business: 4-2-1934

RESOURCES:

Loans and Discounts__

$436,723.82

State of Georgia and l\Iunicipal

Bonds owned-

34,787_93

U. S. Government Securities owned 57,275.00

Other Stocks and Bonds owned._

None

Banking House and Lot

7,710.69

Furniture and Fixtures

1,848.16

Other Real Estate owned_

None

Cash in Vpult and Amount due

from approved Hesene Agents 410,931.57

Checks for Clearing and Due from

other Banks

None

Cash Items

1,075.33

Overdrafts

None

Advance on Cotton and other ComM

modities

---

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources

4,228.35

Total

_$954,580.85

LIABILITIES:

Capit"l Stock

--- ----$ 50,000.00

Capital Notes

None

Surplus Fund

40,000.00

Undivided Profits

3,084.49

Reserve Funds ---

2,583.90

Due to Banks _

10,836.34

Dividends Unpaid

730.00

Cashier's Checks

4,621_.!3

Certified Checks ----

350.00

Demand Deposits

545,605.75

Time Certificates of Deposits

None

Savings Deposits __________ _

291,498.58

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted----

None

Other Liabilities

5,270.36

Total __

-------------$95 4,580.85

EIGHTEENTH ANNUAL REPORT

43

STATEMENT Showing condition at the close of Business December 31, 1937, of,the

FARMERS & MERCHANTS BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

L. 0. BENTON,

A. F. ADAMS,

President.

Cashier.

Date of Charter: 10-30-1922

Began Business: 11-15-1922

RESOURCES:

Loans and Discounts

--~120,900.35

State of Georgia and Municipal

Bonds O\vned

None

U. S. Government Securities owned 22,603.13

Other Stocks and Bonds owned __

6,762.50

Banking House and Lot __ -

4,700.00

Furniture and Fixtures _

718.66

Other Real Estate owned- __ _

3,667.28

Cash in Vault and Amount due

from approved Reserve Agents __ 47,331.29

Checks for Clearin~ and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

------ -----------

2,716.25

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss -

None

Other Resources __

None

Total

____ S20 9,399.46

LIABILITIES:

Capital Stock

------S 25,000.00

Capital Notes -------------------

None

Surplus Fund -----------------------

4,500.00

Undivided Profits -

1,100.92

Reserve Funds

3,167.76

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

2,102.02

Certified Checks _

None

Demand Deposits ------ ----------- ______ _ 145,410.58

Time Certificates of Deposits __

28,118.18

Saving-s Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Li.ahilities

None

Total

. --------$209,399.46

STATEMENT Showing condition at the close of Busines~ December 31, 1937, of the

THE BANK OF EDISON Edison, Ga.

As called for by the Superintendent of Banks.

L. C. MANRY,

THEDFORD TURNER,

President.

Cashier.

Date of Charter: 9-24-1904

Began Business: 10-1904

RESOURCES:

Loans and Discounts_

3332,394.35

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Otht~r Stocks and Bonds owned

None

Banking House and Lot-

2,250.00

Furniture and Fixtures ---------------

1,250.00

Other R<'al Estate owned ____

None

Cash in Vault and Amount due

from approved Reserve Agents 98,665.81

Checks for Clearing and Due from

other Hanks

1, 7 52.30

Cash Items

412.29

Overdrafts

---------------

39.34

Advance on Cotton and other Com-

modities

. ------

------

13,255.14

Customers Liability on Letters of

Credit and Acceptances __ -

None

Profit and Loss

---------------------

None

Other Resources --------------------

None

Total ____

____________ $ 450,019.2 3

LIABILITIES:

Capital Stock

____________ $ 50,000.00

Capital Notes

20,600.00

Surplus Fund

30,400.00

Undivided Profits

2,467.57

Reserve Funds

825.89

Due to Banks __

None

Dividends Unpaid

None

Cashier's Checks

549.57

Certified Checks

None

DC'rnand Deposits

204,651.53

Time Certificates of Deposits

140,524.67

Savings Deposits

None

Letters of Credit and Accep-tances

executed for Customers __

None

Bills Payable ____________________ _

None

Notes and Bills Rediscounted..

None

Other Liabilities ----------------------------

None

Total

---------------------- ______ $ 4 50,0 19.2 3

44

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of ithe

GRANITE CITY BANK Elberton, Ga.

As called for by the Superintendent of Banks.

W. E. FORTSON,

F. S. FORTSON,

President.

Cashier.

Date of Charter: 12-3-1927

Began Business: 1-3-1928

RESOURCES:

Loans and Discounts__

_ __ $374,861.60

State of Georgia and Municipal

Bonds owned

11,713.93

U. S. Government Securities owned 108,126.46

Other Stocks and Bonds owned __

5,083.00

Banking House and Lot

15,000.00

Furniture and Fixtures _

3,824.65

Other Real Estate owned __

None

Cash in Vpult and Amount due

from approved Reserve Agents 100,381.04

Checks for Clearing and Due from

other Banks ______________________ _

7,984.75

Cash Items

292.76

Overdrafts

202.72.

Advance on Cotton and other Com-

modities --------- ------------ ---------

39,669.86

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

--- __ $667,140.77

LIABILITIES:

Capital Stock Capital Notes

----------------

50,000.00

_______________ _

None

Surplus Fund ------------------

10,000.00

Undivided Profits ----------------

13,943.27

Reserve Funds

1,987.35

Due to Banks

12,144.66

Dividends Unpaid

10.00

Cat5hier's Checks _

2,315.65

Certified Checks ------- ---- ---------------

650.00

Demand Deposits

409,738.34

Time Certificates of Deposits

22,241.73

Savings Deposits

__ _ 144,109.62

Letters of Credit and Acceptances

ex<'cuted for Customers

None

Bills Payable

-- --------- --------

None

Notes and Bills Rediscounted

None

Other Liabilities ---

----- ---------

.15

Total

___ $667,140.77

STATEMENT Showing condition at the close of Business' December 31, 1937, of\the

BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks.

J. H. STEVENS,

H. F. DIXON,

President.

Cashier.

Date of Charter: 9-10-1910

Began Business: 9-16-1910

RESOURCES:

Loans and Discounts__

--------- $ 34,205.02

State of Georgia and Municipal

Bonds owned

None

U _ S. Government Securities owned 32,524.85

Other Stocks and Bonds owned

None

Banking House and Lot_ ____ _

2,844.57

Furniture and Fixtures

898.00

Other Real Estate owned __

None

Cash in V;;tult and Amount due

from approved Reserve Agents 53,320.21

Checks for Clearing and Due from

other Banks

25,855.91

Cash Items

None

Overdrafts ----------------------------

None

Advance on Cotton and other Com-

modities

37,104.42

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss --------------------------------

None

Other Resources ---------------- - -------

9,856.49

Total ----------------------- ------ ------------ ______ $19 6' 6 0 9. 4 7

LIABILITIES:

Capital Stock

25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits __ -------------------

6,058.05

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

None

Cashier's Checks

_______________ _

None

Certified Checks ___ --------------

None

Demand Deposits

126,%8.30

Time Certificates of Deposits __

33,5R3.12

Savings Deposits __ ----------------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

--------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities ---

None

Total

---------------------------- -------- $19 6' 6 0 9.4 7

EIGHTEENTH ANNUAL REPORT

45

STATEMENT Showing condition at the close of Business December 31, 1937, of,the

THE BANK OF ELLIJAY Ellijay, Ga.

As called for by the Superintendent of Banks.

E. T. HUDSON,

DOW HAMRICK,

President.

Cashier.

Date of Charter: 5-21-1914

Began Business: 6-1-1914

RESOURCES:

Loans and Discounts

_ $220,489.01

State of Georgia and Municipal

Bonds owned

143,173.44

U. S. Government Securities owned 8,505.00

Other Stocks and Bonds owned

19,553.41

Banking House and Lot--

None

Furniture and Fixtures

4,700.00

Other Real Estate owned

7,630.00

Cash in Vault and Amount due from approved Reserve Agents 138,855.50

Checks for Clearing and Due from

other Banks

Cash Items ---------------- -----------------

Overdrafts

Advance on Cotton and other Com-

modities

______________ -----------

283.75 None
347.42
None

Customers Liability on Letters of Credit and Acceptances_
Profit and Loss Other Resources

None None 6,075.00

Tctal

_______ $ 5 49,612.53

LIABILITIES:

Capital Stock

______________ $ 15,000.00

Capital Notes

15,000.00

Surplus Fund _

8,000.00

Undivided Profits

None

Reserve Funds ___ _

2,794.45

Due to Banks _

None

Dividends Unpaid

None

Cashier's Checks

2,392.67

Certified Checks

42.96

Demand Deposits

201,717.64

Time Certificates of Deposits __

4,436.57

Savings Deposits

300,228.24

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities --------

None

Total

----- _________ $549,612.53

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ETON

Eton, Ga.

As called for by the Superintendent of Banks.

W. W. KEITH,

H. R. JAMES,

President.

Cashier.

Date of Charter: 5-23-1910

Began Business: 9-1-1910

RESOURCES:

Loans and Discounts

$ 23,219.24

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 1,700.00

Other Stocks and Bonds owned __ _

None

Banking- House and Lot ____ -

None

Furniture and Fixtures

2,100.00

Other Real Estate owned ___________

11,921.95

Cash in Vault and Amount due

from approved Reserve Agents 24,902.37

Checks for Clearing and Due from

other Banks -------------- -- -- -------------

None

Cash Items ___

30.00

Overdrafts

110.80

Advance on Cotton and other Com-

modities ------------------- - ---------------

639.45

Customers Lillbility on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

...$ 64,623.81

LIABILITIES:

Capital Stock __________________________________ $ 15,000.00

Capital Notes _______________ _

6,000.00

Surplus Fund

9H3.90

Undivided Profits

None

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks ___ _

None

Certified Checks ___

None

Demand Depo8its

30,346.87

Time Certificates of Deposits

12,zg3.04

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities _____ __

None

Total -------

______________________ $ 64,623.81

46

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business; December 31, 1937, of 'the

FAIRBURN BANKING COMPANY Fairburn, Ga.

As called for by the Superintendent of Banks.

J. H. LONGINO,

Y. H. LONGINO,

President.

Cashier.

Date of Charter: 9-14-1891

Began Business: 1902

RESOURCES:

LIABILITIES:

Loans and Discounts_

----$133,785.82

State of Georgia and Municipal

Bonds owned

---------

None

U. S. Government Securities owned 22,500.00

OthEr Stocks and Bonds owned __

None

Banking House and Lot._

7,000.00

Furniture and Fixtures_

2,000.00

Other Real Estate owned_

____ 9,825.00

Cash in Vault and Amount due

from approved Reserve Agents

3 4,13 6. 9 3

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com~

modities

3,912.08

Customers Liability on Letters of

Credit anrl Acceptances _

None

Profit and Loss

None

Other Resources

10 0.0 0

Capital Stock

______ $ 25,000.00

Capital Stock

NonP

Surplus Fund --- -

5,000.00

Undivided Profits

101.5 5

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

828.00

Cashier's Checks

481.77

Certified Checks ---

None

Demand Deposits

98,3 i 6.43

Time Certificates of Deposits

1,961.03

Savings Deposits

81,511.05

Letters of Credit and Acceptances

executed for Customers __ _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ---

None

Total

--- $213,259.83

Total

---- ~213.259.83

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Fayetteville, Ga.

As called for by the Superintendent of Banks.

C. D. REDWINE,

H. C. HEWELL,

President.

Cashier.

Date of Charter: 2-16-1906

Began, Business: 3-13-1906

RESOURCES:

Loans and Discounts

____ $116,361.47

State of Georgia and 1\'lunicipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned_

None

Banking House and Lot _

2,266. 79

Furniture and Fixtures_

2,858.96

Other Real Estate owned _

21,249.91

Cash in Vault and Amount due

from approved Reserve Agents _ 69,236.44

Checks for Clearing and Due from other Banks

None

Cash Items

326.75

Overdrafts

----- 2,722.60

Advance on Cotton and other Com

modi ties

- -- ___ -

23,336.33

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss ___

1,695.85

Other Resources

936.48

Total

--.-----$240,991.58

LIABILITIES:

Capital Stock ___ -------------- -------- _____ S 25,000.00

Capital Notes

None

Surplus Fund

None

Undivided Profits

None

Reserve Funds -

None

Due to Banks__ -

None

Dividends Unpaid

None

Cashier's Checks

547.03

Certified Checks

None

Demand Deposits

201,088.45

Time Certificates of Deposits ___

13,419.62

Savings Deposits

None

Lt:;ttPrs of Credit and Acceptances

executed for Customers----.

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities

936.48

Total --------

--------------$2 40,9 91.58

EIGHTEENTH ANNUAL REPORT

47

STATEMENT Showing condition at the close of Business December 31, 1937, of 'the

BANK OF FINLEYSON Finleyson, Ga.

As called for by the Superintendent of Banks.

J. W. CONNER, SR.,

CLARENCE FINLEYSON,

President.

Cashier.

Date of Charter: 9-20-1910

Began Business: 9-20-1910

RESOURCES:

Loans and Discounts

-------$ 21,800.30

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot-_

750.00

Furniture and Fixtures

750.0 0

Other Real Estate owned

3,538.80

Cash in Vault and Amount due

from approved Reserve Agents

13,989.93

Checks for Clearing and Due from

other Banks

None

Cash ItPms

172.06

Overdrafts

None

Advance on Cotton and other Com-

modities

26,240.52

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss--

None

Other H,esourccs

None

Total

-$ 67,242.51

LIABILITIES:

Capital Stock Capital Notes
Surplus Fund _ Undivided Profits ---------------~--~. Reserve Funds Dne to Banks - --------~---- Dividcnd8 Unpaid
Cashier's Checks --Certified Checks Demand Deposits Time Certificates of Deposits ____
Savin~s Deposits Letters of Credit and Acceptances
executed for Customers __
Bills Payable Notes and Bills Rediscounted Other Liabilities

15,0 00.00 None
5,000.00 7,362.10
200.00 None
1,200.00 511.00 None
31,500.57 6,468,84 None
None None None None

Total

~S 67,242.51

STATEMENT Showing condition at the close of Business' December 31, 1937, of ,the

THE CITIZENS BANK

Folkston, Ga.

As called for by the Superintendent of Banks.

WM. MIZELL,

R. A. BOYD,

President.

Acting Cashier.

Date of Charter: 12-19-1911

Began Business: 1-4-1912

RESOURCES:

Loans and Discounts

~$249,367.22

State of Georgia and Municipal

Bonds owned

6,918.00

U. S. Government Securities owned 93,125.00

Other Stocks and Bonds owned --- 4,894.i0

Banking House and Lot_ ______

None

Furniture and Fixtures __

1,200.00

Other Real Estate owned __

3,142.55

Cash in Vault and Amount due

from approved Reserve Agents __ 274,078.78

Checks for Clearing and Due from

other Banks

2,093.01

Cash Items

None

Overdrafts

----- -

None

Advance on Cotton and other Com-

modities ------------- ----------------

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources ------

None

Total

.. $634.818.96

LIABILITIES:

Capital Stock

_______ $ 15,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits

17,101.55

Reserve Funds

15,000.00

Due to Banks _

None

Dividends Unpaid

8.40

Cashier's Checks

5 41.44

Certified Checks ---

None

Demand Deposits

240,644.20

Time Certificates of Deposits

51,714.48

Savings Deposits ---------

27 4,408.89

Letters of Credit and Acceptances

executed for Customers--

None

Bills Payable

------------------

Notes and Bills Rediscounted ______ _

None None

Other Liabilities

5,400.00

Total

-------------------------------------------$ 6 3 4.818. 9 6

48

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business! December 31, 1937, of ithe

CITIZENS BANK OF FORSYTH

Forsyth, Ga.

As called for by the Superintendent of Banks.

H. H. HARDIN,

JNO. T. STEPHENS,

President.

V. P. & Cash.

Date of Charter: 2-17-1920

Began Business: 3-1-1920

RESOURCES:

LIABILITIES:

Loans and Discounts

________________ $120,496.87

State of Georgia and Municipal

Bonds owned

21,699.16

U.S. Government Securities owned __ .16,411.60

Other Stocks and Bonds owned____

None

Banking House and Lot_____

2,760.00

Furniture and Fixtures _

1.00

Other Real Estate owned..

1,503.00

Cash in Vault and Amount due

from approved Reserve Agents_ 89,308.25

Checks for Clearing and Due from

other Banks

1,932.74

Cash Items ------- ----------------

66.55

Overdrats

None

Advanee on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss __

None

Other Resources

None

Total

--------- --~254,179.17

Capital Stock ------------------------------$ 40,000.00

Capital Notes -----------------

None

Surplus Fund ---------------------------------- 10,000.00

UndiYided Profits ---------------------------- 5,0 00.00

Reserve Funds ---

------------------

None

Due to Banks --------------------

None

Dividends Unpaid

None

Cashier's Checks

384.70

Certified Checks

None

Demand Deposits ------ ----------- -- ---- 198,500.20

Time Certificates of Deposits __

294.27

Savings Deposits

~one

Letteis of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities _

None

Total

_ S254,17~.17

STATEMENT Showing condition at the close of Business; December 31, 1937, of tthe

THE FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

R. T. PERSONS,

R. J. BITTICK,

President.

Cashier.

Date of Charter: 3-9-1910

Began Business: 1910

RESOUHCES:

Lo:i.P.s and Disc:ounts._

$200,667.48

Stat(' of Georgia and Municipal

Bonds owned

None

U. S. Government Sc~urities mvned

None

Other Stocks anrJ Bonds owned

None

Banking House and Lot

2,500.00

Furniture and Fixtures-

400.00

Other Real Est2.te ow::1ed __

50,74,1.00

Cash in \.,.ault <clnd Amount due

from (lpproved Hesenc Ag( nts

Checks for Clearing and Due from

other Banks

1,060.71

Casi1 Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

2,787.45

Customer~; Liability on Leiters of

Credit and Ac:ceptanees

None

Proflt and Loss

None

Other .Kesources

None

Total

_ S312,074.13

LIABILITIES:

Capital Stock

50,000.00

Capital Notes

Nor!e

Surplus Fund

50,000.00

Undivided Profits

8.75

Hesen-e Fund _

None

Dllt:' to Banks

X on'-'

Divid~nds Unpaid

Nont.'

Cashier's Cheeks

None

Certified Checks

None

D'-'mand Dvposits

212,0G5.3x

Time CcrtifiLates of Deposits_

Kon!!

Savin:<2:s Deposits ------------------------- --

None

LcitP:r'::; of Crt:'c1it and Accevtances

executed for Customers

Konz'

Bills Pay;tblc

None

1:\otE:>s and Bills Rediscounted __

None

Other Liabilities

Not.lC

Total

. S312,07 ~.13

EIGHTEENTH ANNUAL REPORT

49

STATEMENT Showing condition at the close of Business1 December 31, 1937, of lthe

MONROE COUNTY BANK

Forsyth, Ga.

As called for by the Superintendent of Banks.

W. C. HILL,

C. F. HEARD,

President.

Cashier.

Date of Charter: 11-2-1908

Began Business: 10-15-1908

RESOURCES:

Loans and Discounts__

------------$237,338.23

State of Georgia and Municipal

Bonds owned

14,300.00

U. S. Government Securities owned 11,925.00

Other Stocks and Bonds owned .

5,250.00

Banking House and Lot__

None

Furniture and Fixtures

1,000.00

Other Real Estate owned -

11,480.60

Cash in Vault and Amount due

from approved Reserve Agents 57,217.30

Checks for Clearing and Due from

other Banks

1,814.67

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss -

None

Other Resources __

None

Total

-------- 0 34 0,32 5.8 0

LIABILITIES:

Capital Stock ----------------

- 3 25,000.00

Capital Notes ----------------. ___ _

None

Surplus Fund ------------------------

12.500.00

Undividui Profits

1,904.34

Reserve Funds

None

Due to Banks --- -- _______________ _

None

Dividends Unpaid

None

Cashier's Checks

2,358.32

Certified Checks

No'!le

Demand Deposits

127,"'08.62

Time Certificates of Deposits __

17,900.00

Savings Deposits

150,250.04

Letters of Credit and Acceptances

exeeutt.c:d for Customers

None

Bills Payable

None

Notes and BiJls Rediscounted __

None

Other Liabilities

3,004.48

Total

-----$340,325.80

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FORT GAINES BANKING CO. Fort Gaines, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY,

W. G. GRIMSLEY,

President.

Cashier.

Date of Charter: 2-11-1937

Began Business: 2-15-1937

RESOURCES:

Loan:::; and Di~L:oun ts _

_ ________ $ 71,562.35

State of Geonda and :1\rl unicipal

Bonds O\Yned-

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking- House and Lot Furnitnrc and Fixtures

3,000.00
ai"iR.50

Other Real Eotate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents 68,868.55

Cheeks for Clt'arin~ anti Due from

other Banks

None

Cash Items _

E0. 51

Overdrafts

Nor.c

Advance on Cot ton and other Com-

modities

1,667.42

Customer-s Liability on Letters of

Cret~it and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

.. __________ $ 146,13 7.3 3

LIABILITIES:

CCala:nJ~itiaall

Stock Notes

-----S 25,000.00 None

SurplL:s Funtl

5,000.00

Undivided Profits

2,1>'0.33

Ren-rve Funds

None

Du" to Banks

None

Dividends Unpaid Cashi<::>r's Check::;

)J"one
Gf5.:.o s

Certifietl Checks

None

Dem<:tnd Dcoosits

104,494.75

Time Certificates of Deposits __

None

Sa \-i-:i.~fl Deposits

8,<98.19

Lettc'rs o_f Cretlit and Acceptances

exe._uh~d fo.c Customers_

None

Bills Payable

-------~------

None

1\ote.s and Bills Redi::;counted" __ _

None

Othe_;_ Liabilities

None

Total

_____ $14 G, 13 7.3 3

50

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Businessi December 31, 1937, of the

BANK OF FORT VALLEY Fort Valley, Ga.

As called for by the Superintendent of Banks.

W. E. GREENE,

H. HUCKABEE,

President

Vice-Pres. & Cash.

Date of Charter: 10-11-1924

Began Business: 10-15-1924

RESOURCES:

Loans and Discounts__

$197,390.36

State of Georg~a and Municipal

Bonds owned

---------------- 6,189.80

U. S. Government Securities owned 30,530.55

Other Stocks and Bonds owned __ _ 5,044.57

Banking House and Lot__

None

Furniture and Fixtures _

1,000.00

Other Real Estate owned

2,035.00

Cash in Vault and Amount due

from approved Reserve Agents 216,494.81

Checks for Clearing and Due from

other Banks

6 R5.17

Cash Items

None

Overdrpfts

None

Advance on Cotton and other Com-

modities

53,52R.94

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources ------------------

None

Total

_____________ o512,R99.2o

LIABILITIES:

Capital Stock

-------------------- ----------$ 50,000.00

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits

7,446.68

Reserve Funds

496.00

Due to Banks __

None

DiYidends Unpaid

None

Cashier's Checks _

490.28

Certificrl. Checks __

None

Demand Deposits

384,582.33

Time Certificates of Deposits __

1,884.4 7

Savings Deposits

57.999.44

Letters of Credit and Acceptances

executed for Customers __ _

None

Bills Payable

None

Notes and Bills Rediscounted

No!1e

Other Liabilities . ------------------

None

Total

______________ s512,89 9.2 o

STATEMENT Showing condition at the close of Businesl! December 31, 1937, of the

THE BANK OF HEARD COUNTY Franklin, Ga.

As called for by the Superintendent of Banks.

E. E. LEWIS,

H. J. MICKLE,

President.

Cashier.

Date of Charter: 10-14-1905

Began Business: 10-18-1905

RESOURCES:

Loans and Discounts -

$ 5 3,148.29

State of Georgia and Municipal

Bonds owned-

48,470.54

U. S. Government Securities owned 35,924.38

Other Stocks and Bonds owned __ -

None

Banking House and Lot ----------------- 2,844.00

Furniture and Fixtures

2,565.00

Other Real Estate owned

10,788.38

Cash in Vault and Amount due

from approved Reserve Agents 77,364.38

Checks for Clearing and Due from

other Banks

5,000.00

Cash Items -- ----- ------------------

None

Overdrafts

None

Advance on Cotton and other Com-

modities

----------------------

8,133.55

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss.

----------------

None

Other Resources -------------------

None

Total ------

------------------------- _____$ 2 4 4,2 3 8.5 2

LIABILITIES:

Capital Stock

______ $ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

258.46

Reserve Funds

None

Due to Banks __

None

Dividends Unpaid

1,000.00

Cashier's Checks

131.68

Certified Checks ---------- ..._

None

Demand Deposits

117,670.58

Time Certificates of Deposits

3,031.82

Savings Deposits

92,145.98

Letters of Credit and Acceptances executed for Customers ______________ _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total ----- -----------------

__________ $244,2 38.52

EIGHTEENTH ANNUAL REPORT

51

STATEMENT Showing condition at the close of Business~ December 31, 1937, of the

THE CITIZENS BANK Gainesville, Ga.

As called for by the Superintendent of Banks.

JOHN H. HOSCH,

ROBT. A. BRICE,

President.

Cashier.

Date of Charter: 5-19-1913

Began Business: 6-2-1913

RESOURCES:

Loans and Discounts--

_ $501,849.84

State of Georgia and Municipal

Bonds owned

22,106.12

U. S. Government Securities owned 25,000.00

Other Stocks and Bonds owned ____ 15,300.00

Banking House and Lot

None

Furniture and Fixtures __

4,827.50

Other Real Estate owned _____ _

20,391.16

Cash in Vault and Amount due

from approved Reserve Agents 227,306.01

Checks for Clearing and Due from

other Banks

8,460.71

Cash Items

31.RO

Overdr.afts

4.90

Advance on Cotton and other Com-

modities

23,885.99

Customers Liability on LE'tters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

5,000.00

Total ---

$854,164.03

LIABILITIES:

Capital Stock

_______ $ 50,000.00

Capital Notes

None

Surplus Fund

25,000.00

Undivided Profits

15,000.00

Reserve Funds

2,053.12

Due to Banks __

5,880.99

Dividends Unpaid

2,188.00

Cashier's Checks

173.48

Certified Checks

None

Demand Deposits

522,252.49

Time Certificates of Deposits __

100.00

Savings Deposits

231,515.95

Letters of Credit and Acceptances

executed for Customers._~--

None

Bil!s Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total ----

-------$8 54,164.0 3

STATEMENT Showing condition at the close of Business' December 31, 1937, of the

BANK OF GIBSON Gibson, Ga.

As called for by the Superintendent of Banks.

E. E. GRIFFIN,

E. E. GRIFFIN,

President.

Cashier.

Date of Charter: 11-7-1905

Began Business: 11-27-1905

RESOURCES:

Loans and Discounts

$ 38,577.43

State of Georgia and Municipal

Bonds owned

21,629.10

U. S. Government Securities owned 2,900.00

Other Stocks and Bonds owned __ .

505.00

Banking House and Lot -

3,000.00

Furniture and Fixtures

1,600.00

Other Re;1l Estate owned_

None

Cash in Vault and Amount due

from approved Reserve Agents

25,576.41

Checks for Clearing and Due from

other Banks

-----------------

None

Cash Items

None

Overdrafts -----------------------

588.57

Advance on Cotton and other Com-

modities

---- ---- --------------

None

Customers Liability on Letters of

Credit and Acceptances_ Profit and Loss ___ ______________ _

None None

Other Resources

7,191.32

Total ----

_____ $10 1,56 7.8 3

LIABILITIES:
Capital Stock Capital Notes Surplus Fund Undivided Profits Reserve Funds Due to Banks Dividends Unpaid C,ashier's Checks Certified Checks Demand Deposits __________ ____ _
Time Certificates of Deposits Savings Deposits --Lett('rs of Credit and Acceptances
executed for Customers __ _ Bills Payable Notes and Bills Rediscounted. Other Liabilities

15,000.00 None
3,000.00 3,200.00
None None None 435.68 None 79,932.15 None None
None None None None

Total

------ $101,567.83

52

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE GLENNVILLE BANK Glennville, Ga.

As called for by the Superintendent of Banks.

W. F. DURRENCE,

J. A. BACON,

President.

Cashier.

Date of Charter: 1-12-1905

Began Business: 1-18-1905

RESOURCES:

Loans and Discounts- ----

Sl61,982.G6

State of Georgia and Municipal

Bonds O\"vned

1,708.80

U. S. Government Securities owned 50,975.00

Other Stocks and Bonds owned ___ _

None

Banking House and Lot

3,250.00

Furniture and Fixtures

1,000.00

Other Real Estate owned

7,350.00

Cash in Vault and Amount due

from approved Reserve Agents 55,5/-1.22

Checks for Clearing and Due from

other Banks

2,252.63

Cash Items

None

Overdraft~

None

Advance on Cotton and other Com-

modities

34,494.62

Customers Liability on Letters of

Credit and Acceptances __ _

None

Profit and Loss-

None

Other Resources

None

Total

LIABILITIES:

Capital Stock

__________ $ 30,000.00

Capital Notes

20,000.00

Surplus Fund

12,000.00

Unrlivided Profit.:;

I R2.36

Res~rve Funds

5,000.00

D'le to Banks

None

Divirlenrl::; Unpaid

None

C:::shiflr's Che('ks

6,150.7n

Certifier] Checks

None

DPmand Deposits

154,754.33

TimP Certificates of Deposits

90,4D1.~5

Sa \ings Deposits

None

Letters of CrcUit and Acceptances

('xeeuterl for Customers_

None

B~lls Payable

NonP

N otcs and Bills Rediscounted

None

Other Liabilities

Konc

Total

$318,5S7.93

STATEMENT Showing condition at the close of Business! December 31, 1937, of the

BANK OF GRAY Gray, Ga.

As called for by the Superintendent of Banks.

D. V. CHILDS,

J. L. MERCER,

President.

Cashier.

Date of Charter: 8-23-1909

Began Business: 8-28-1909

RESOURCES:

Loans and Discounts

--S 27,655.94

State of Georg-ia and Municipal

Bonds ov:ned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ___

None

Banking House and LoL-----~

2,250.00

Furniture and Fixtures

1,000.00

Other Real Estate owned_

11,895.00

Cash in Vault and Amount due

from approved Reserve Agents 42,223.03

Checks for Clearing and Due from

other Banks ---

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss

None

Other Resources

659.04

Total

__ s s5,1i83.o1

LIABILITIES:

Capita! Stock

- s 15,000.00

Capital Kates ____

10,00.00

Surplus Fund

None

Undividell Profits

None

Re~erve Funds

1,000.00

Due to Banks _

None

Dividends Unpaid

Nonl'

Cashier's Checks

59.50

Certified Checks

None

I:'cmand Deposits

54,821.48

Time Certificates of Deposits_

None

Savings Deposits _________ _

4,802.03

Letters of Credit and Acceptances

executed for Custon1ers __

None

Bills Payable

None

.Notes and Bills Rediscounted __

None

Other Liabilities ---

None

Total

__ $ 85,683.01

EIGHTEENTH ANNUAL REPORT

53

STATEMENT Showing condition at the close of Business\ December 31, 1937, of the

BANK OF GREENSBORO Greensboro, Ga.

T. B. RICE, President.

As called for by the Superintendent of Banks. C. WELDON SMITH, Acting Cashier.

Date of Charter: 10-13-26

Began Business: 10-14-26

RESOURCES:

Loans and Discounts

_____ $ 61,54RA6

State of Georgia and Municipal

s.Bonds owned

17,889.98

U. Government Securities owned 3,900.00

Other Stocks and Bonds owned __

1,060.00

Banking House and Lot _

None

Furniture and Fixtures

1.00

Other Real Estate o"vnerl -

None

Cash in Vau1t and Amount due

from approved Reserve- Agents 70,130.57

Checks for Clearinn: and Due from

other Banks

2,253.2~

Cash Items

None

Overdrafts

285.3-1

Advance on Cotton and other Com-

modities

24,132.S2

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources

None

Total

8181,201.46

LIABILITIES:

Capital Stock Capital Notes Surplus Fund Undivided Profits Re!'ierve Funds Due to Banks Dividends Unpairl Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits Savings Deposits Letters of Credit and Accentances
execated for Customers ~ Bills Payable Notes and Bills Rediscounted_ Other Liabilities

25,000 oo
None 10,000.00
4,G8S.06 None None
1,004.00 3,325.7 3
None
137,1fl~l.77
None None
None None None 13.83

Total

- $181,201.46

STATEMENT Showing condition at the close of Business/ December 31, 1937, of the

THE GREENVILLE BANKING CO. Greenville, Ga.

As called for by the Superintendent of Banks.

J.P. ATKINSON,

W. L. PINKSTON,

President.

Cashier.

Date of Charter: 10-24-1887

Began Business: 1891

RESOURCES:

Loans and Di:::>counts

____ 5;185,769.08

State of Georgia and Municipal

Bonds owned ------

7,231.65

U. S. Government Securities owned 16,116.50

Other Stocks nnd Bonds owned __

None

Banking House and Lot __ .

8.500.00

FurnitUre and Fixtures __

4,500.00

Other Real Estate O\vned _

43,G47.01

Cash in Vault and Amount due

from approved Reserve Agents 56,88 0. 7 G

Checks for Clearing and Due from

other Banks ----

None

Cash Items

468.40

Overdrafts

213.48

Advance on Cotton and other Com-

modities

47,795.50

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

171.36

Total

$371,294.34

LIABILITIES:

CaDital Stock Capital Notes Surplus Fund Undivided Profits Reserve Funds D~1e to Banks Dividends Unpaid Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits_ Savings Deposits Letters of Credit and Acceptances
executed for Customers Bills Payable Notes and Bills Rediscounted_~ Other Liabilities

50,000.00 50,000.00 13,000.00
2,499.46 500.00 None None 771.10 None
169,840.03 84,683.75 :None
None None None
Non~

Total

. 3371,294.34

54

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business; December 31, 1937, of the

COMMERCIAL & SAVINGS BANK Griffin, Ga.

As called for by the Superintendent of Banks.

T. T. BLAKELY,

C. B. PIERCE, JR.,

President.

Cashier.

Date of Charter: 10-11-1889

Began Business: 1890

RESOURCES:

Loans and Discounts-- -------- ______ $683,449.33

State of Georgia and Municipal

Bonds owned

14,223.60

U. S. Government Securities owned 76,960.94

Other Stocks and Bonds owned._ 31,350.00

Banking House and Lot

25,000.00

Furniture and Fixtures __

5,196.00

Other Real Estate owned __

46,293.53

Cash in Vault and Amount due

from approved Reserve Agents 419,197.31

Checks for Clearing and Due from

other Banks

8,450.94

Cash Items

None

Overdrafts

------

325.58

Advance on Cotton and other Com

modities

63,502.77

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

1,507.56

Total

--- $1,375,457.56

LIABILITIES:

Capital Stock

_________ $1 0 0,000.00

Capital Notes

None

Surplus Fund

25.000.00

Undivided Profits

34,237.92

Rpsenre Funds

9,138.00

Due to Banks

19,995.47

Dividends Unpaid

8,000.00

Cashier's Checks

7,115.10

Certified Checks __ _

None

Demand Deposits

744,598.87

Time Certificates of Deposits __

15,534.99

Savings Deposits

________ 411,837.21

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

_ ----------------

None

Notes and Bills Rediscounted

None

Other Liabilities _ --------------------------

None

Total

---- _$1,375,457_56

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE STATE BANK Griffin, Ga.

As called for by the Superintendent of Banks.

D. R. CUMMING,

S. T. MARTIN,

President.

Cashier.

Date of Charter: 4-24-1933

Began Business: 5-2-1933

RESOURCES:

Loans and Discounts

_____ $366,062.54

State of Georgia and Municipal

Bonds owned

12,339.02

U. S. Government Securities owned 142,981.51

Other Stocks and Bonds owned

26,411.48

Banking House and Lot __

None

Furniture and Fixtures _

6,000.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents 445,678.09

Checks for Clearing and Due from

other Banks

13,439.69

Cash Items

None

Overdrafts

200.87

Advance on Cotton and other Com-

modities

56,346.03

Customers Liability on Letters of

Credit and Acceptances ---

None

Profit and Loss

None

Other Resources

None

Total

---------------- ___________$1,069,459.23

LIABILITIES:

Capital Stock

s _________ 50,000_00

Capital Notes

None

Surplus Fund

40,000.00

Undivided Profits

6,712.44

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

712.65

Certified Checks

None

Demand Deposits

814,365.30

Time Certificates of Deposits _

48,828.31

Savings Deposits _________ ------------------ 108,840.53

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

------------------ -----$1,0 69,45 9.2 3

EIGHTEENTH ANNUAL REPORT

55

STATEMENT Showing condition at the close of Businest~ December 31, 1937, of the

JONES COUNTY BANK

Haddock, Ga.

As called for by the Superintendent of Banks.

GRADY A. SMITH,

GRADY A. SMITH,

President.

Cashier.

Date of Charter: 7-14-1905

Began Business: 7-25-1905

RESOURCES:

Loans and Discounts _

___________ $ 66,004.14

State of Georgia and Municipal

U. Bso.nGdsovoewrnnmedent Securities owned

5,235.30 None

Other Stocks and Bonds owned __ _

None

Banking House and Lot_

1,500.00

Furniture and Fixtures Other Real Estate owned _______

1.500.00 10,000.00

Cash in Vault and Amount Due

from approved Reserve Agents 14,190.35

Checks for Clearing and Due from

other Banks ------

None

Cash Items Overdrafts ------ _________ _

None 152.66

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss ..

None

Other Resources

None

Total

__ $ 98,582.45

LIABILITIES:

Capital Stock -------------- _ ___ .. $ 25,000.00

Capital Notes ------

None

Surplus Fund

None

Undivided Profits

766.76

Reserve Funds

None

Due to Banks_.

None

Dividends Unpaid

None

Cashier's Checks ----

1,274.24

Certified Checks __

None

Demand Deposits

45,616.53

Time Certificates of Deposits ______ 25,924.92

Savings Deposits --- _

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable -----

----------------

None

Notes and Bi1ls Rediscounted ___ _

None

Other Liabilities

None

Total ___ _

--$ 98,582.45

STATEMENT Showing condition at the close of Business! December 31, 1937, of the

THE CITIZENS BANK OF HAHIRA Hahira, Ga.

As called for by the Superintendent of Banks.

R. C. LESTER,

H. T. SCRUGGS,

President.

Cashier.

Date of Charter: 2-12-1927

Began Business: 2-21-1927

RESOURCES:

Loans and Discounts__ ___ ___________ $ 35,795.33

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 5,000.00

Other Stocks and Bonds owned ___

None

Banking House and Lot _

1,750.00

Furniture and Fixtures

2,275.94

Other Real Estate owned ________

60.25

Cash in Vault and Amount due

from approved Reserve Agents 40,069.11

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

-------------------

27.70

Advance on Cotton and other Com-

modities

22,610.27

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss

None

Other Resources

325.00

Total _____

-- $107,913.60

LIABILITIES:

Capital Stock Capital Notes __ __
Surplus Fund Undivided Profits _______________
Reserve Funds ------Due to Banks __
Dividends Unpaid ----Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits Savings Deposits --Letters of Credit and Acceptances
('Xecuted for Customers _____ _ Bills Payable ___ __
Notes and Bills Rediscounted __ Other Liabilities

15,000.00 5,000.00 None None 525.00 None None None None
58,704.67 10,360.83 18,323.10
None None None None

Total __

$107,913.60

56

DEPARTMENT OF BANKING

STATEMENT

I

4

Showing condition at the close of BusinesS/ December 31, 1937, of the

BANK OF COLUMBUS COUNTY

'

Harlem, Ga.

As called for by the Superintendent of Banks.

J. T. BARNSLEY,

WM. C. CLARY, JR.,

President.

Cashier.

Date of Charter: 11-29-1909

Began Business: 12-13-1909.

RESOURCES:

Loans and Discounts

$ 85,213.17

State of Georgia and Municipal

Bonds owned-_____

None

U. S. Government Securities O\vned 750.00

Other Stocks and Bonds owned_ 10.118.36

Banking House and Lot_

4,800.00

Furniture and Fixtures

1,000.00

Other Real Estate owned__

3,799.50

Cash in Vault and Amount due

from approved Reserve Agents _ 41,165.49

Checks fer CJearin~~ and Due from

other Banks

None

Cash Items

None

Q-.cerdrafts

56.62

AdYancf' on Cotton and other Com-

Inodities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

3146,003.14

LIABILITIES:

Capital Stock -- ---------------------- ----------S 25,000.00

Capital Notes

None

Surplus Fund

4,000.00

Undividerl Profits

None

Reserve Funds

201.04

DuE-' to Banks

None

Dividends Unpaid --- _ ----------------------

500.00

Cashier's Checks

23.65

Certified Checks

None

Demand Deposits

82,282.46

Time Certificates of Deposits

3-1,8G2.04

Savinp:s Deposits

25.50

Letters of Credit and Acceptances

C'X(-'C~ned for Customers __

NonC'

Bills :Payable

None

Notes and Bills F.ectiscounted __

None

Other Liabilities

18.45

Total

31-16,903.14

STATEMENT Showing condition at the close of Businestl December 31, 1937, of the

PLANTERS BANK Hawkinsville, Ga.

As called for by the Superintendent of Banks.

N. A. JELKS,

D. P. McGRIFF,

President.

Cashier.

Date of Charter: 2-27-1896

Began Business: 3-1896

RESOURCES:

Loans and Discounts

--- S239,803.9-!

State of Georgia and 1\'Iunicipal

Bonds owned

None

U. S. Government Securities owned 17,300.00

Othpr Stocks and Bonds owned __ 14,971.00

Banking House and Lot__

11,000.00

Furniture anrl Fixtures __

2,750.00

Other Real Estate owned

9,988.06

Cash in Vault and Amount due

from approved l{pserve Agents__ 154,775.98

Checks for Clearing and Due from

other Banks ------------------ --------

3,087.38

Cash Items

None

Overrlrafts

None

Aci\ranee on Cotton and other Com-

modities

- -----

1,276.23

Cusl,_omers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ------------ _______

None

Other Resources

None

Total

- ----- $45 4,9 5 2.5 9

LIABILITIES:

Cau;tal Stock

____ $ 50,000.00

Capital Notes

---------------------------

None

Surplus Fund -- --------------- ------------ 50,000.00

Cndivide.-l Profits ----------------------- 29,500.00

Reserve Funds

2,123.86

Due to Banks--

None

Dividends Unpaid

2,500.00

Coshier's Ch2cks

1,530.R2

Certified Checks

7.50

Demand Deposits

269,075.97

Tirne Certificates of Deposits __

50,214.44

Savings Deposits

None

Letters of Credit and Acceptances

f:'X('Cuted for Customers __

None

Bill> Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

----------------------- ----------- $ 4 54,9 52.5 9

EIGHTEENTH ANNUAL REPORT

57

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF HAZLEHURST Hazlehurst, Ga.

As called for by the Superintendent of Banks.

JOHN ROGERS,

B. B. WOOTEN,

President.

Cashier.

Date of Charter: 10-19-1906

Began Business: 1906

RESOURCES:

Loans and Discounts -

$ 39,578.53

State of Georgia and Municipal

Bonds o\vned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

1.00

Banking House and Lot-

None

Furniture and Fixtures_

1.00

Other Real Estate owned __

1.00

Cash in Vault and Amount due

from flpproved Reserve Agents 241,862.12

Checks fnr Clearing and Due from

othE'r Banks

2,309 67

c~sh Items

None

O'"t?rdrafts

None

Advance on Cotton and other Com-

Inodities

12,708.83

Customers Liability on Letters of

Credit and Acceptanct:s

Non0

Profit and Loss __

None

Other Resources

None

Total

. -------8296,46:2.15

LIABILITIES:

Capital Stock

$ 25,000.00

Capital Notes

None

Surplun Fund -

10,000.00

Undividerl Profits

11,030.81

RPserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

1,252.52

Certified Checks

9.00

De1nanil Deposits

241,446.S4

Time Certificates of Deposits

7,72~.9R

R!1\ings Deposits

Nor.c

Letters of Credit and Acceptances

excn;ted for Customers __

None

Bills Payable

None

Notes [lnd Bills Rediscounted

None

Other LiaLi!ities

None

Total

____ ;3296,<16~.15

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF HIAWASSEE Hiawassee, Ga.

As called for by the Superintendent of Banks.

J. F. JOHNSON,

\V. 0. SPARKS,

President.

Cashier.

Date of Charter: 6-14-1909

Began Business: 7-21-1909

RESOURCES:

Loans and Discounts -

- -- S 34,591.16

State of Georgia and Municipal

Bonds owned

None

U. S. Govcrnrnent Securities owned 17.:)00.00

Other StocLs and Bonds owned--

None

Banking House and LoL-

1,500.00

Furniture and Fixtures

500.00

Other Real Estate owned __

1,700.00

Cash in Vault and Amount due

from approved Reserve Agents 95,110.60

Checks for Clearing and Due from

other Banks -

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

moditips

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

None

Total

.5150,901.76

LIABILITIES:

Capital Stock

-- S 15,000.00

Capital N otcs

None

Surplus Fund

5,000.00

UndivUed Profits

4,745.60

Reserve Funds

None

Due to Banks _

None

Dividends Unpaid

None

Cashier's Checks

420.86

Certified Checks

None

D.:omand Deposits

110,578.93

Time Certifieates of Devosi~:S

6,156.37

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total ___ -

3150,901.76

58

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE HINESVILLE BANK Hinesville, Ga.

As called for by the Superintendent of Banks.

D. F. MARTIN,

T. H. McDOWELL,

President.

Cashier.

Date of Charter: 9-4-1911

Began Business: 11-15-1911

RESOURCES:

Loans and Discounts

$105,927.97

State o: Georgia and :Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

5,000.00

Banking House and Lot_ ___ _

1,189.20

Furniture and Fixtures __

2,129.84

Other Real Estate owned_

1,150.00

Cash in Vault and Amount due

from approved Reserve Agents _ 54,157.15

Checks for Clearing and Due from

other Banks

973.55

Cash Items

None

Overdrafts

----------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Crerlit and Acceptances __

None

Profit and Loss _

None

Other Resources

None

Total

.... $170,527.71

LIABILITIES:

Capital Stock

____ $ 15,000.00

Capital Notes

None

Surplus Fund -

6,000.00

Undivided Profits

3,840.99

Reserve Funds

500.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks --------

10,780.39

Certified Checks

64.17

Demand Deposits

118,409.99

Time Certificates of Deposits-----

15,749.16

Savings Deposits

None

Letters of Credit and Acceptances

cxecutt-d for Customers ___ _

None

Bills Payable ----------

None

Notes and BiJls Rediscounted

None

Other Liabilities -----

183.01

Total

... $170,527.71

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF ILA Ila, Ga.

As called for by the Superintendent of Banks.

G. H. WESTBROOK,

J. R. WESTBROOK,

President.

Cashier.

Date of Charter: 10-11-1910

Began Business: 10-15-1910

RESOURCES:

Loans and Discounts__

_____ $ 44,265.54

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned

None

Banking House and Lot-_

2,000.00

Furniture and Fixtures

1,128.60

Other Real Estate owned..

13,400.00

Cash in Vault and Amount due

from approved RC'serve Agents. 8,493.68

Checks for Clearing and Due from

other Banks

1,463.40

Cash Items

None

Overdrafts

9.95

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss~-_

None

Other Resources

None

Total

_____ $ 70,761.17

LIABILITIES:

Capital Stock __

---- --~ $ 15,000~00

Capital Notes

None

Surplus Fund

13,734.64

Undivided Profits

16.37

Reserve Funds

None

Due to Banks ___

None

Dividends Unpaid

2,000.00

Cashier's Checks

13.25

Certified Checks

None

Demand Deposits

18,653.81

Time Certificates of Deposits

21,343.10

Savings Deposits

-------

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total ---------------------------- _________________ $ 70,761.17

EIGHTEENTH ANNUAL REPORT

59

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF JONESBORO Jonesboro, Ga.

As called for by the Superintendent of Banks.

ELIZABETH M. BLALOCK,

J. B. PULLIAM,

President.

Cashier.

Date of Charter: 10-6-1903

Began Business: 11-7-1903

RESOURCES:

Loans and Discounts..

- ______ $123,755.11

State of Georgia and Municipal

U.

Bso.

nds owned Governmen

t

Securities

owned

None 69,141.83

Other Stocks and Bonds owned ____

None

Banking House and Lot__

1,500.00

Furniture and Fixtures __

1,500.00

Other Real Estate owned

39,635.77

Cash in Vault and Amount due

from approved Reserve Agents 112,543.69

Checks for Clearing; and Due from

other Banks

None

Cash Items

51.19

Overdrafts

None

Advancp on Cotton and other Com-

modities

3,770.84

Customers Liability on Letters of

Credit and Acceptances __ _

None

Profit and Loss _

None

Other Resources

None

Total

-- _______ $351,898.43

LIABILITIES:

Capital Stock ----------------

... $ 25,000.00

Capital Notes

None

Surplus Fund ------------------------

25,000.00

Undivided Profits

136.27

Reserve Funds

426.82

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

199.40

Certified Checks

None

Demand Deposits

223,579.17

Time Certificates of Deposits ..__ _

None

Savings Deposits

77,556.77

Letters of Credit and Acceptances

executed for Customers __ .__ _

None

Bills Payable

-------------------

None

Notes and Bills Rediscounted_

None

Other Liabilities _----------------

None

Total

-- __________ $351,898.43

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Junction City, Ga.

As called for by the Superintendent of Banks.

c. w. MOORE,

W. A. BLYTHE,

President.

Cashier.

Date of Charter: 3-23-1912

Began Business: 3-3-1912

RESOURCES:

Loans and Discount

_________$ 44,627.90

State of Georgia and Municipal

Bonds owned ----------------------

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned....

700.00

Banking House and Lot

900.00

Furniture and Fixtures_. __________

1,100.00

Other Real Estate owned ____ _

210.87

Cash in Vault and Amount due

from approved Reserve Agents 26,650.02

Checks for Clearing and Due from

other Banks

None

Cash Items

. _ --------------

72.64

Overdrafts --------------

---------

None

Advance on Cotton and other Com-

modities

----------------

4,684.65

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss ...__ ----------------------------

None

Other Resources

------------------

None

Total ....

_______ $ 78,946.08

LIABILITIES:

Capital Stock

Capital Notes -----

Surplus Fund

Undivided Profits

Reserve Funds Due to Banks ___ _

Dividends Unpaid

Cashier's Checks Certified Checks ___ _

Demand Deposits

----------------

Time Certificates of Deposits

Savings Deposits

Letters of Credit and Acceptances

executed for Customers..

Bills Payable

Notes and Bills Rediscounted

Other Liabilities -- -----------------

15,000.00 None
15,000.00 143.55 None None 900.00 186.93 None
36,923.74 10,791.86
None
None None None None

Total _

______ $ 78,946.08

60

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

KENNESAW STATE BANK Kennesaw, Ga.

As called for by the Superintendent of Banks.

J. G. LEWIS,

L. C. CHALKER,

President.

Cashier.

Date of Charter: 4-20-1910

Began Business: 3-1910

RESOURCES:

Loans and Discounts .. ________________ $ 34,926.84

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot--------

3,500.00

Furniture and Fixtures ___ ---------------- 2,222.68

Other Real Estate owned..

3,189.00

Cash in Vault and Amount due

from approved Reserve Agents 10,038.64

Cheeks for Clearing and Due from

other Banks

------------------

None

Cash Items ------------------- __________________

None

Overdrafts ----- ----------------

123.43

Advance on Cotton and other Com-

modities ---------------------- ----------------- 5,150.00

Customers Liability on Letters of Credit and Acceptances

None

Profit and Loss -

None

Other Resources

None

Total

----S 59,150.59

LIABILITIES:

Capita~ Stock

Capital Notes -----

Surplus Fund

Undivided Profits

Reserve Funds

Due to Banks....._

Dividends Unpaid ~---------------------

Cashier's Checks

----------- ----

Certified Checks ---------------

Demand Deposits

Time Certificates of Deposits ___ _

Savings Deposits

Letters of Credit and Acceptances

executed for Customers_____

Bills Payable

Notes and Bills Rediscounted __

Other Liabilities

15,000.00 None None
2,507.82 None None None 59.S3 None
14,945.99 26,636.95
None
None None None None

Total ----------- ------- -----------------------$ 59,150.59

STATEMENT Showing condition at the close of Business December 31, 1937, of the

STATE BANK OF KINGSLAND

Kingsland, Ga. As called for by the Superintendent of Banks.

S. C. SHEFFIELD, President.
Date of Charter: 11-26-1912

F. T. TILLER, Cashier.
Began Business: 12-10-1912

RESOURCES:

Loans and Discounts_

________ $ 35,083.65

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

475.00

Other Stocks and Bonds owned ____

None

Banking House and LoL --~------------ 1,2 0 0.0 0

Furniture and Fixtures

1,080.89

Other Real Estate owned .

1,500.00

Cash in Vault anrl Amount due

from approved Reserve Agents 43,452.86

Checks for Clearing and Due from

other Banks -

None

Cash Items

None

0':erdraft8

2.36

Advan('c on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss-

None

Other Resources

None

Total

____ s 82,794.76

LIABILITIES:

Capital Stock ----------------- ____ -------S 15,000.00

Capital Notes ---

None

Surplus Fund

10,000.00

Undivided Profits

2,545.48

Reserve Funds

None

Due to Banks __

None..'

DiYidends Unpaid

No:1r.?

Cashier's Checks ________________ _

~2.S5

Certified Checks _____________________ _

None

Demand Deposits

42,286.37

Time Certificates of Deposits __

None

Savings Deposits

12,8SO.OG

Let Lors of CrE'dit and Acceptances

f:'Xecuted for Customers ____ -

None

Bills Payable

None

NotPs and Bills Rediscounted __

None

Other Liabilities

NonC'

Total

-----S 82,7!!4.76

EIGHTEENTH ANNUAL REPORT

61

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF LAFAYETTE LaFayette, Ga.

As called for by the Superintendent of Banks.

W. A. ENLOE,

C. C. GILBERT,

President.

Cashier.

Date of Charter: 11-13-1899

Began Business: 1899

RESOURCES:

Loans and Discounts__

----S324,76L36

State of Georgia and Municipal

Bonds owned

55,566.97

U. S. Government Securities owned 103,S40.90

Other Stocks and Bonds owned..

3,000.00

Banking House and Lot ------------------- 28,000.00

Furniture and Fixtures __

5,000.00

Other Real Estate owned __

36,223.56

Cash in Vault and Amount due

from approved Reserve Agents 195,329.93

Chtcks for Clearing and Due from

other Banks

None

Cash Items ---------- ---------------------------- 3,265.58

Overdrafts

2,671.80

Advance on Cotton and other Com-

modities ----------------

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss - - ------------------

None

Other Resources ----

-----------------

None

Total

------ $757,660.10

LIABILITIES:

Capital Stock .......________________ _

.$ 50,000.00

Capital Notes

None

Surplus J;"'und

35,000.00

Undivided Profits -------------------

2,113.22

Reserve Funds

None

Due to Banks.

None

Dividends Unpaid ....

4,000.00

Cashier's Checks ---------

152.77

Certified Checks

None

Demand Deposits

340,370.12

Time Certificates of Deposits..

93,815.69

Savings Deposits ....

232,208.30

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

..............____ _

None

Notes and Bills Rediscounted __ _ Other Liabilities - ____.._____________ .

None None

Total

..___ $757,660.10

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS AND SOUTHERN BANK OF LAGRANGE LaGrange, Ga.

As called for by the Superintendent of Banks.

LEWIS PRICE,

R. C. KEY,

President.

Cashier.

Date of Charter: 7-23-1937

Began Business: 8-2-1937

RESOURCES:

LIABILITIES:

Loans and Discounts _______________________ $689,814.71

State of Georgia and Municipal

Bonds owned ---------------------

73,740.55

U. S. Government Securities owned 691,656.65

Other Stocks and Donds owned __ . 7G,!Jl5.50

Banking House and Lot

23,941.82

Furniture and Fixtures

None

Other Real Estate owned .

1,377.84

Cash in Vault and Amount due

from appro\ed H.eserve Agents 409,056.20

Checl_..._:5 fur Clcarinh and Due from other Banks

None

Cash Items -----------------------Overdrafts

1,810.46
70~1.54

Advance' on Cotton and other Com-

modities

640,173.27

CustomErs Liability on Letters of Credit and Acceptances _

None

Profit and Loss Other Resources ---- ----------------

None 4,335.27

Capital Stock

___ $100,000.00

Capital Notes

None

Surplus Fund

100,000.00

Undivided Profits

11,883.70

Reserve Funds

34,638.25

Due to Banks __

20,415.34

Dividends Unpaid

4,000.00

Cashier's Checks

None

Certified Checks Demand Deposits

2,412.<.5 ______________ 1,5 64,52 7. g +3

Time Certificates of Deposits_

None

Savings Deposits

775,459.30

Letters o-; Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes anJ Bills Rediscounted __

None

Other Liabilities

---------------------

189.51

Total

___ $2,613,626.81

Total

_______________......... ______ $2,613,526.81

--------------------------------------------------------

62

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Lakeland, Ga.

As called for by the Superintendent of Banks.

W. L. MILLER,

W. C. BANKS,

President.

Cashier.

Date of Charter: 4-18-1907

Began Business: 1907

RESOURCES:

Loans and Discounts------------------------S 116,49 5.47

State of Georgia and Municipal

Bonds owned --- --------------------

5,000.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned.

None

Banking House and Lot

2,000.00

Furniture and Fixtures--

2,000.00

Other Real Estate owned __

10,650.00

Cash in Vault and Amount due

from approved Reserve Agents 86,973.09

Checks for Clearing and Due from

other Banks ___

------

None

Cash Items --------------------------------------

61.80

Overdrafts ---

210.59

Advance on Cotton and other Com-

modities

-----------------

None

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss

----------------

None

Other Resources ---

None

Total

-----------------$2 2 3,3 90.9 5

LIABILITIES:

Capital Stock ---------------------------- ....... $ 25,000.00

Capital Notes

20,000.00

Surplus Fund

2,500.00

Undivided Profits ---------------------

1,539.56

Reserve Funds

1,000.00

Due to Banks __

None

Dividends Unpaid

30.00

Cashier's Checks ----------------------------

241.60

Certified Checks -

None

Demand Deposits -

90,390.27

Time Certificates of Deposits--

75,087.11

Savings Deposits

7,602.41

Letters of Credit and Acceptances

executed for Customers ____ _

None

Bills Payable

------- ---- ---------

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

-----------------$2 2 3,3 9 0. 95

STATEMENT Showing condition at the close of Business December 31, 1937, of the

LAKE PARK BANK

Lake Park, Ga.

As called for by the Superintendent of Banks.

EWELL BROWN,

EWELL BROWN,

President.

Cashier.

Date of Charter: 1-22-1906

Began Business: 3-1906

RESOURCES:

Loans and Discounts________

_____ $ 24,509.47

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

100.00

Other Stocks and Bonds owned..

None

Banking House and Lot_ _________

1,000.00

Furniture and Fixtures _

500.00

Other Real Estate owned--------

1,573.91

Cash in Vault and Amount due

from approved Reserve Agents 15,716.78

Checks for Clearing and Due from

other Banks ------------------

49.00

Cash Items --------------------------

21.25

Overdrafts --------------------

34.61

Advance on Cotton and other Com-

modities -------------------------

None

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss ____________________

None

Other Resources ------------------------------

None

Total ________ ----------------------- ________________ $ 43,505.02

LIABILITIES:

Capital Stock ------------------ ---------------$ Capital Notes Surplus Fund Undivided Profits .. Reserve Funds
Due to Banks .. Dividends Unpaid ----Cashier's Checks ---------Certified Checks ----------Demand Deposits Time Certificates of Deposits ___
Savings Deposits ------Letters of Credit and Acceptances
executed for Customers ______________
Bills Payable ----------------------------------Notes and Bills Rediscounted...
Other Liabilities -----------------------

15,000.00 None
1,770.21 1,078.43
None None None None None 21,595.67 4,060.71 None
None None None None

Total __________ -------------------------------------$ 43,505.02

EIGHTEENTH ANNUAL REPORT

63

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BRAND BANKING CO. Lawrenceville, Ga.

As called for by the Superintendent of Banks.

BARTOW MORGAN, JR.

F. F. DOWIS,

President.

Cashier.

Date of Charter: 6-2-1905

Began Business: 7-17-1905

RESOURCES:

Loans and Discounts__

~172,089.18

State of Georgia and Municipal

Bonds owned

57,956.62

U. S. Government Securities owned 113,337.50

Other Stocks and Bonds owned __ 23,318.75

Banking House and Lot_ ________ _

None

Furniture and Fixtures

2,130.00

Other Real Estate owned_

25,854.30

Cash in Vault and Amount due

from approved Reserve Agents 85,188.86

Checks for Clearing and Due from

other Banks

2,369.53

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

86,880.88

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss__

-------------------

None

Other Resources ___ _

None

Total

$599,125.62

LIABILITIES:

Capital Stock --------------------------------- $ 50,000.00

Capital Notes

None

Surplus Fund

50,000.00

Undivided Profits

9,323.49

Reserve Funds

None

Due to Banks

---------------------

Dividends Unp~.id ___ _

None 1,500.00

CashiPr's Checks

878.13

Certifled Checks

None

Demand Deposits

214,537.10

Time Certificates of Deposits __

None

Savings Deposits

272,886.90

Lettcrs oi Credit and Acceptances

executed for Customers

None

Bills Payable

----------------

None

Notes and Bi11s Rediscounted __

None

Other Liabilities --------------------

None

Total

------$5 99,12 5.62

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF LENOX Lenox, Ga.

As called for by the Superintendent of Banks.

J. D. ROBINSON,

R. H. ROBINSON,

President.

Cashier.

Date of Charter: 6-20-1907

Began Business: 6-25-1907

RESOURCES:

Loans and Discounts__

$ 57,853.73

State of Georgia and Municipal

Bonds owned

----- -

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ---

None

Banking House and Lot_ ____ _

800.00

Furniture and Fixtures ____ _

800.00

Other Real Estate owned ____

2,000.00

Cash in Vault and Amount due

from approved Reserve Agents 121,020.98

Checks for Clearing and Due from other Banks

1,388.90

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities ----- ---------------- - ----

None

Customers Liability on Letters of Credit and Acceptances ______ _

None

Profit and Loss -

None

Other Resources ---------

None

Total -------------------- -----------------------------$18 3,8 6 3.61

LIABILITIES:

Capital Stock _--------- ___________________ $ 25,000.00

Capital Notes ----------------------------

None

Surplus Fund

7,500.00

Undivided Profits

628.54

Reserve Funds

None

Due to Banks _

None

Dividends Unpaid

1,000.00

Cashier's Checks

238.92

Certified Checks -----

None

Demand Deposits

57,726.69

Time Certificates of Deposits __

91,769.46

Savings Deposits --

None

Letters of Credit and Acceptances

executed for Customers ____

None

Bills Payable ------------------- ----------------

None

Notes and Bills Rediscounted __________

None

Other Liabilities ----- ------ ------------

None

Total

------------------- ---------------------$18 3,8 6 3 .61

64

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF LESLIE

Leslie, Ga.

As called for by the Superintendent of Banks.

E. B. WALLACE,

W. T. ANDERSON,

President.

V. P. and Cashier.

Date of Charter: 2-4-1905

Began Business: 1905

RESOURCES:

Loans and Discounts.-----

_____ $ 26,346.48

State of Georgia and Municipal

Bonds owned

17,000.00

U. S. Government Securities owned

850.00

Other Stocks and Bonds owned.... 8,000.00

Banking House and Lot------------------- 4,000.00

Furniture and Fixtures __

2,125.00

Other Real Estate owned_

5,000.00

Cash in Vault and Amount Due

from approved Reserve Agents 49,965.05

Checks for Clearing and Due from

other Banks --------------------------------

None

Cash Items ---------------------

12.77

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources ---------- ---------

335.00

Total

--------$113,634.30

LIABILITIES:

Capital Stock -------------------- -------------$ 25,000.00

Capital Notes

------------------

None

Surplus Fund ------------------

10,000.00

Undivided Profits

2,677.46

Reserve Funds

None

Due to Banks -----------------------

None

Dividends Unpaid

1,008.00

Cashier's Checks

126.61

Certified Checks ------------------------

None

Demand Deposits --------------------

57,455.96

Time Certificates of Deposits

17,366.27

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers________

None

Bills Payable

"-------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities ------------------

None

Total

$113,634.30

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks.

JAS. H. BOYKIN,

H. B. PITT,

President.

Cashier.

Date of Charter: 9-26-1911

Began Business: 12-2-1911

RESOURCES:

Loans and Discounts _______________________ $ 70,331.37

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 60,617.66

Other Stocks and Bonds owned..

6,905.50

Banking House and Lot__________

3,250.00

Furniture and Fixtures __ ---------------Other Real Estate owned ________________

400.00 716.00

Cash in Vault and Amount due

from approved Reserve Agents 47,244.17

Checks for Clearing and Due from

other Banks ---------------------------------

None

Cash Items -------------------------

82.49

Overdrafts ----------------

10,481.77

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of Credit and Acceptances ____________

None

Profit and Loss-----------------_" ______________

None

Other Resources ------------------------------

None

LIABILITIES:

Capital Stock -------- ------------- --- _______ $ 25,000.00

Capital Notes ------------------------------------

None

Surplus Fund .

-------------------------- 15,000.00

Undivided Profits

------------------- 8,937.00

Reserve Funds

None

Due to Banks ------------------------

765.00

Dividends Unpaid ----

None

Cashier's Checks ----- ------------------

None

Certified Checks --------------------------------

None

Demand Deposits

96,401.53

Time Certificates of Deposits -------- 51,353.81

Savings Deposits ------------------

None

Letters of Credit and Acceptances executed for Customers_____________

None

Bills Payable ------------- -------------------Notes and Bills Rediscounted __________

None None

Other Liabilities ----------------------------- 2,571.62

Total

------------$2 0 0,0 2 8.9 6

EIGHTEENTH ANNUAL REPORT

65

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE PEOPLES BANK Lithonia, Ga.

As called for by the Superintendent of Banks.

I. M. STARR,

I. M. STARR

President.

Cashier.

Date of Charter: 8-26-1910

Began Business: 1910

RESOURCES:

Loans and Discounts__

$ 33,012.21

State of Georgia and Municipal

u.

Bonds owned S. Governme

nt

Securities

owned

None 72,569.82

Other Stocks and Bonds owned..

None

Banking House and Lot ____ _

4,000.00

Furniture and Fixtures __________

500.00

Other Real Estate owned_

1,080.25

Cash in Vault and Amount due

from approved Reserve Agents 63,616.97

Checks for Clearing and Due from

other Banks

-------- ---------

None

Cash Items .. ------------------- ----------------

None

Overdrafts

None

Advance on Cotton and other Com-

modities

-----. _______ _

3,425.86

Customers Liability on Letters of Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

___ $178,205.11

LIABILITIES:

Capital Stock

............. $ 25,000.00

Capital Notes

None

Surplus Fund

20,000.00

Undivided Profits __ -----------------

4,411.95

Reserve Funds

None

Due to Banks _____ ------------------

None-

Dividends Unpaid - --------------

2,000.00

Cashier's Checks

182.36

Certified Checks

None

Demand Deposits

94,823.49

Time Certificates of Deposits

24,343.73

Savings Deposits

7,443.58

Letters of Credit and Acceptances executed for Customers _________

None

Bills Payable

....... ---------------

None

Notes and Bills Rediscounted...

None

Other Liabilities -----------

None

Total

...... - .....$178,205.11

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE FARMERS BANK Locust Grove, Ga.

As called for by the Superintendent of Banks.

J. 0. MINTER,

H. C. CHILDS

President.

Cashier.

Date of Charter: 1-3-1910

Began Business: 1-1910

RESOURCES:

Loans and Discounts ________________________ $ 48,769.96

State of Georgia and Municipal

Bonds owned -------------

None

U. S. Government Securities owned 1,000.00

Other Stocks and Bonds owned ____

None

Banking House and Lot ------------------- 1,350.00

Furniture and Fixtures -------------------

650.00

Other Real Estate owned..

-- 1,100.00

Cash in Vault and Amount due

from approved Reserve Agents 8,125.36

Checks for Clearing and Due from

other Banks

-------------- -

70.44

Cash Items ....... ------------------

Overdrafts

____ _

None 48.28

Advance on Cotton and other Com-

modities

---------------- 1,115.59

Customers Liability on Letters of

Credit and Acceptances ________

None

Profit and Loss

None

Other Resources ____

None

Total ------------------------------------------ _____ $ 6 2, 2 2 9. 6 3

LIABILITIES :

Capital Stock ... -------------------- ........... $ 15,000.00

Capital Notes ...... -----------------

None

Surplus Fund ------------------------------- 4,500.00

Undivided Profits

91.08

Reserve Funds ----------------------------------

None

Due to Banks

-----.----------------

None

Dividends Unpaid ---------------------------

279.70

Cashier's Checks -

None

Certified Checks --- ---------

None

Demand Deposits --------------- -- ---- ---- 42,358.85

Time Certificates of Deposits _______ _

None

Savings Deposits

None

Letters of Credit and Acceptances executed for Customers______________

None

Bills Payable ------------ -----------------------

None

Notes and Bills Rediscounted..........

None

Other Liabilities ----------------------------

None

Total .. -------- --------------------------------------$ 62,2 2 9. 6 8

66

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS STATE BANK

Lumpkin, Ga.

As called for by the Superintendent of Banks.

E. L. CARTER,

A. T. FORT,

President.

Cashier.

Date of Charter: 10-21-1911

Began Business: 12-1911

RESOURCES:

Loans and Discounts --- _________________ $ 62,723.95

State of Georgia and Municipal

Bonds owned

13,391.00

U. S. Government Securities owned 16,131.20

Other Stocks and Bonds owned..

5,878.40

Banking House and Lot __

None

FurnitUre and Fixtures -------------------

1.00

Other RE;.al Estate owned __

3,025.00

Cash in Vault and Amount due

from approved Reserve Agents 66,713.63

Checks for Clearing and Due from

other Banks Cash Items Overdrafts

7,758.19 None None

Advance on Cotton and other Com-

modities

83,971.58

Customers Liability on Letters of Credit and Acceptances .. _

None

Profit and Loss Other Hesources -------------------------

None None

Total

$259,593.95

LIABILITIES:

Capital Stock _________ --------- --- ______ $ 28,000.00

Capital Notes ------------------------------ ___ _

None

Surplus Fund ------------------ _____________ _ 13,000.00

Undivided Profits ----------------------

1,515.67

Rl~serve Funds

None

Due to Banks __

None

Dividends Unpaid --- -----------------------

60.00

Cashier's Checks ------------------------

7 7.35

Certified Checks -------------------------------

None

Demand Denosits

174,362.67

Time Certificates of Deposits--

36,480.37

Saving:::; DepOsits

6,097.89

LettC'rs of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __ _

None

Other Liabilities ----------

None

Total

------- s 2 59' 59 3. 9 5

STATEMENT Showing condition at the close of Business December 31, 1937, of the

LUTHERSVILLE BANKING COMPANY Luthersville, Ga.

As called for by the Superintendent of Banks.

E. C. NORRIS,

L. W. McKOON,

President.

Cashier.

Date of Charter: 10-11-1905

Began Business: 8-3-1906

RESOURCES:

LIABILITIES:

Loans and Discounts__

------$ 29,959.86

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

850.00

Other Stocks and Bonds owned __

1,000.00

Banking House and Lot

1 700.00

Furniture and Fixtures

949.00

Other Real Estate owned"_

5,735.00

Cash in Vault and Amount due

from approved Reserve Agents 14,475.41

Checks for Clearing and Due from

other Banks ------------------ -------

None

Cash Items ----------

None

Overdrafts

234.66

Advance on Cotton and other Com-

modities

18,355.12

Customers Liability on Letters of Credit and Acceptances. _______________

None

Profit and Loss ----------------

None

Other Resources ----------~-------------------

None

Capital Stock

----------------- __ $ 25,000.00

Capital Notes

None

Surplus Fund

1,373.06

Undivided Profits _--------------------------

None

Reserve Funds

1,241.92

Due to Banks ----------------------------

None

Dividends Unpaid ----------------------------

None

Cashier's Checks _____________ ----------

194.58

Certified Checks ------------------------------

None

Demand Deposits _________ ----------------- 35,860.58

Time Certificates of Deposits _____ _ 9,588.91

Savings Deposits -----------------

None

Letters of Credit and Acceptances

executed for Customers _____

None

Bills Payable

-----------------------------

None

Notes and Bills Rediscounted

None

Other Liabilities ------ ------------------

None

_T_o_t_a_l_-_----------------- __--_--_--_-_-_---__--__--_$_73_,_2_5_9_.o_5_ _ _T_ot_a_l_-_--_-_-_--_-_--__ _ _ _ _-_--_--_--_--------$ 73,2 59.0 5

EIGHTEENTH ANNUAL REPORT

67

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE PEOPLES BANK Lyons, Ga.

As called for by the Superintendent of Banks.

WM. A. ESTROFF,

W. T. CHINA,

President.

Cashier.

Date of Charter: 5-4-1935

Began Business: 6-1-1935

RESOURCES:

Loans and Discounts__

_ _____ $ 60,088.71

State of Georgia and Municipal

Bonds owned

1,262.56

U. S. Government Securities owned 10,378.12

Other Stocks and Bonds owned

None

Banking House and Lot

2,000.00

Furniture and Fixtures ___ _

600.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 104,628.00

Checks for Clearing and Due from

other Banks

-----------------------

50.00

Cash Items

None

Overdrafts

None

Advan~~ on Cotton and other Com-

modities

- ---------- ------

9,575.36

Customers Liability on Letters of

Credit and Acceptances ______

None

Profit and Loss __ -----------------

None

Other Resources

None

Total

_______ $188,5 82.7 5

LIABILITIES:

Capital Stock -- ----------------- _____ --S 15,000.00

Capital Notes

None

Surplus Fund

4,000.00

Undivided Profits

207.26

Reserve Funds --------------------------

None

Due to Banks _

5,000.00

Dividends Unpaid --------------------

None

Cashier's Checks ----------------------------

55 9. 55

Certified Checks __ --------------------------- _

None

Demand Deposits___

139,195.38

Time Certificates of Deposits __________ 24,620.56

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

------ ----------------

Notes and Bills Rediscounted _______

None None

Other Liabilities ------

None

Total

--------------$18 8' 58 2.7 5

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE MERCHANTS & CITIZENS BANK McRae, Ga.

As called for by the Superintendent of Banks.

0. F. McRAE,

D. M. McRAE,

President.

Cashier.

Date of Charter: 3-28-1929

Began Business: 2-23-1929

RESOURCES:

Loans and Discounts

$172,109.83

State of Georgia and Municipal

Bonds owned

------------------ 9,384.00

U. S. Government Securities owned 36,950.00

Other Stocks and Bonds owned._

None

Banking House and Lot

4,500.00

Furniture and Fixtures

500.00

Other Real Estate owned.

1.00

Cash in Vault and Amount due

from approved Reserve Agents 121,361.88

Checks for Clearing and Due from

other Banks

13,705.14

Cash Items

50.95

Overdrafts

------

9.02

Advance on Cotton and other Com-

modities

---------------

1,354.45

Customers Liability on Letters of

Credit and Acceptances ______

None

Profit and Loss _

None

Other Resources

None

Total

_________________ $ 3 59' 9 2 6.2 7

LIABILITIES:

Capital Stock

-$ 50,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits

383.62

Reserve Funds

1,169.35

Due to Banks__ -------------------

None

Dividends Unpaid -----------------

964.00

Cashier's Checks

------------------ 2,505.47

Certified Checks

-----------------

None

Demand Deposits

--------------- 252,267.71

Time Certificates of Deposits--

37,636.12

Savings Deposits -----

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

-------------------- -----$359,92 6.2 7

68

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITY BANK & TRUST CO. Macon, Ga.

As called for by the Superintendent of Banks.

T. RAD TURNER,

GUYTON G. ABNEY,

President.

Cashier.

Date of Charter: 6-29-1931

Began Business: 7-2-1931

RESOURCES:

Loans and Discounts ______ -------------$848,658.92

State of Georgia and Municip.al

Bonds owned ------ ---------

10,000.00

U. S. Government Securities owned 368,310.43

Other Stocks and Bonds owned ____ 14,500.00

Banking House and Lot ----------------- 37,950.00

Furniture and Fixtures __ ---------------- 4,085.41

Other Real Estate owned--

67,276.81

Cash in Vault and Amount due

from approved Reserve Agents 141,241.38

Checks for Clearing and Due from

other Banks

27,760.27

Cash Items

1,886.15

Overdrafts

None

Advance on Cotton and other Com-

modities

- ----------

None

Customers Liability on Letters of

Credit and Acceptances..

None

Profit and Loss

None

Other Resources ------------------------

11,958.30

Total

---------------------------- .. $1,5 3 3,62 7.67

LIABILITIES:

Capital Stock

-------------$110,000.00

Capital Notes ----- ----- -----------

None

Surplus Fund ---

50,000.00

Undivided Profits

24,641.59

Reserve Funds ---------------------

None

Due to Banks ----------------------

19,027.46

Dividends Unpaid

None

Cashier's Checks

6,715.03

Certified Checks -----------

11.25

Demand Deposits

883,439.57

Time Certificates of Deposits__

6,000.00

Saving-s Deposits

428,202.62

Letters of Credit and Acceptances

executed for Customers ____

None

Bills Payable

None

Notes and Bills Rediscounted ...... .

None

Other Liabilities

5,590.15

Total

_________ $1,5 33,62 7.67

STATEMENT Showing condition at the close of Busines91 December 31, 1937, of the

BANK OF MADISON Madison, Ga.

As called for by the Superintendent of Banks.

W. P. BEARDEN,

E. G. ATKINSON,

President.

Cashier.

Date of Charter: 12-26-1888

Began Business: 1-1-1890

RESOURCES:

Loans and Discounts__ ------------ ____ $177,845.58

State of Georgia and Municip,al

Bonds owned

----------------- 1,000.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned __ 28,170.00

Banking House and Lot.. -

5,000.00

Furniture and Fixtures __ ----------------- 2,141.95

Other Real Estate owned

22,273.21

Cash in Vault and Amount due

from approved Reserve Agents 48,663.58

Checks for Clearing and Due from

other Banks ------------------

2,113.06

Cash Items ---------------------- ----------------

None

Overdrafts

----------------

980.45

Advance on Cotton and other Com-

modities

---------------

6,328.54

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ---------------------

None

Other Resources - ----------------

1.00

Total

------ ____ $294,517.37

LIABILITIES:

Capital Stock ---------------------- ____________$ 50,000.00

Capital Notes

None

Surplus Fund ----------------

40,000.00

Undivided Profits ....

1,580.32

Reserve Funds --------

None

Due to Banks

None

Dividends Unpaid -------------------

414.50

Cashier's Checks

185.84

Certilied Checks

None

Demand Deposits

120,845.30

Time Certificates of Deposits ________ 10,560.42

Savings Deposits ----------------

70,930.99

Letters of Credit and Acceptances

executed for Customers ___

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

---------- ____ $294,517.37

EIGHTEENTH ANNUAL REPORT

69

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks.

JAS. S. PETERS,

L. M. BRADFORD,

President.

Cashier.

Date of Charter: 1-28-1910

Began Business: 2-2-1910

RESOURCES:

Loans and Discounts__ _ _____________ $417,268.95

State of Georgia and Municipal

Bonds owned

131,37 4.68

U. S. Government Securities owned 7,400.00

Other Stocks and Bonds owned.. 15,000.00

Banking House and LoLFurniture and Fixtures

7,408.66 None

Other Real Estate owned_

14,412.70

Cash in Vault and Amount due

from approved Reserve Agents__ 97,238.59

Checks for Clearing and Due from other Banks _______ _

None

Cash Items Overdrafts

-----------------

409.87 2,330.48

Advance on Cotton and other Com-

modities

----------------------

None

Customers Liability on Letters of Credit and Acceptances __

None

Profit and Loss Other Resources

None 4,401.26

Total ----

------$69 7,245.19

LIABILITIES:

Capital Stock

_______ -------------$ 50,000.00

Capital Notes -----------------------------

None

Surplus Fund ----------------

100,000.00

Undivided Profits --- ------------------- 30,648.12

Reserve Funds

None

Due to Banks ___ ----------------

None

Dividends Unpaid -----------------

10,007.00

Cashier's Checks

7,643.44

Certified Checks ____ -----------------

None

Demand Deposits _ ---------------~-------- 254,010.49

Time Certificates of Deposits------ 67,156.76

Savings Deposits

164,769.18

Letters of Credit and Acceptances

executed for Customers__

None

Bills Payable ------------------

None

Notes and Bills Rediscounted

None

Other Liabilities

13,010.20

Total

.$697,245.19

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS BANK Marshallville, Ga.

As called for by the Superintendent of Banks.

C. C. HASLAM,

C. C. HASLAM,

President.

Cashier.

Date of Charter: 12-24-1906

Began Business: 1-1-1907

RESOURCES:

Loans and Discounts------------------ ----$116,263.53

State of Georgia and Municipal

Bonds owned __ ---

None

U. S. Government Securities owned 5,225.00

Other Stocks and Bonds owned..

None

Banking House and Lot ___ _

4,000.00

Furnitu-re and Fixtures _______ _

471.57

Other Real Estate owned _______

5,246.00

Cash in Vault and Amount due

from approved Reserve Agents 39,048.63

Checks for Clearing and Due from

other Banks

- --------------

284.89

Cash Items -----------------------

None

Overdrafts

148.11

Advance on Cotton and other Com-

modities

----------------

None

Customers Liability on Letters of

Credit and Acceptances _____________ _

None

Profit and Loss ________

None

Other Resources ___

None

Total

-------$170,687.73

LIABILITIES:

Capital Stock -------------Capital Notes

Surplus Fund Undivided Profits ___________________

Reserve Funds ------- ---------------Due to Banks
Dividends Unpaid
Cashier's Checks Certified Checks __

Demand Deposits ------------------------Time Certificates of Deposits ________

Savings Deposits

-------------------

Letters of Credit and Acceptances

executed for Customers _______

Bills Payable _ ------------------Notes and Bills Rediscounted..

Other Liabilities --------------------

18,000.00 30,000.00 15,325.22
None None None 42.00 195.00 None 71,864.88 5,000.00 30,260.63
None None None None

Total

___ $170,687.73

70

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

GEORGIA BANKING COMPANY

Marshallville, Ga.

As called for by the Superintendent of Banks.

JOHN C. WALKER, JR.,

JOHN C. WALKER, JR.,

President.

Cashier.

Date of Charter: 9-19-1910

Began Business: 9-27-1910

RESOURCES:

Loans and Discounts ------------------ __ -$ 39,056.50

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ___ _

None

Banking House and Lot _

2,400.00

Furnitu-re and Fixtures ----------------- 1,800.00

Other Real Estate owned

13,962.82

Cash in Vault and Amount due

from approved Reserve Agents 30.195.20

Checks for Clearing and Due from

other Banks

133.30

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

----------- -----

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss__

------------------

None

Other Resources

None

Total

_____ $ 87,547.82

LIABILITIES:

Capital Stock Capital Notes Surplus Fund

--------------$ 30,000.00
None 6,000.00

Undivided Profits

1,671.30

Reserve Funds

None

Due to Banks__ ---------------

None

Dividends Unpaid

None

Cashier's Checks

199.55

Certified Checks __ --------------------

None

Demand Deposits

18,883.02

Time Certificates of Deposits __

None

Savings Deposits

30,793.95

Letters of Credit and Acceptances

executed for Customers_ Bills Payable ________________ ....

None );one

Notes and Bills Rediscounted

None

Other Liabilities

Noi1C

Total -------

____________ $ 87,547.82

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MEANSVILLE Meansville, Ga.

As called for by the Superintendent of Banks.

H. G. LANGFORD,

G. M. LIFSEY,

President.

Cashier.

Date of Charter: 3-1-1911

Began Business: 4-1-1911

RESOURCES:

Loans and Discounts__

---- $ 87,672.51

State of Georgia and M unicip_al

Bonds owned __ _

2,796.18

U. S. Government Securities owned 1,994.00

Other Stocks and Bonds owned __

None

Banking House and Lot....

1,600.00

Furniture and Fixtures __

1,600.00

Other Real Estate owned __

5,510.00

Cash in Vault and Amount due

from approved Reserve Agents _ 24,202.43

Checks for Clearing and Due from

other Banks Cash Items

None None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss..

None

Other Resources

None

Total

---------$125,3 75.12

LIABILITIES:

Capital Stock

_______________ $ 25,000.00

Capital Notes ----------------------

14,000.00

Surplus Fund --- .. -------- __

3,00 0.00

Undivided Profits ___ _

1,131.73

Reserve Funds

None

Due to Banks ----------------

None

Dividends Unpaid

None

Cashier's Checks

422.93

Certified Checks

None

Demand Deposits

41,083.28

Time Certificates of Deposits __

17,B11.83

Savings Deposits

22,925.35

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities ---------------------

None

Total

_____ $12 5,3 7 5.12

EIGHTEENTH ANNUAL REPORT

71

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MEIGS Meigs, Ga.

As called for by the Superintendent of Banks.

J. A. BOWERS,

TOM SMITH,

President.

Cashier.

Date of Charter: 5-8-1903

Began Business: 6-1903

RESOURCES:

Loans and Discounts

----------------8

State of Georgia and Munici12_al

Bonds owned
u. s. Government Securities owned

Other Stocks and Bonds O\vned _

Banking House and Lot

Furniture and Fixtures __

Other Real Estate owned __

Cash in Vault and Amount due

from approved Reserve Agents

Checks for Clearing and Due from

other Banks --- ---------------------------

Cash Items ----------------------

Overdrafts

Advance on Cotton and other Com-

modities

Customers Liability on Letters of

Credit and Acceptances

Profit and Loss

Other Resources

86,929.62
None 24,039.40
None 4.400.00 1,500.00 7,500.00
86,115.35
20.00 None 818.11
4,852.49
None None 473.73

Total

--- ------------ _________ $216,648.70

LIABILITIES:

Capital Stock ---------------------- -----------S 50,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits ------------------------- _ 2,316.60

Rese-rve Funds

11,289.21

Dnc:> to Ranks

None

Dividends Unpaid

None

Cashier's Checks

462.51

Certified Cheeks __ _

None

Demand Deposits

86,763.36

Time Certificates of Deposits __

200.00

Savings Deposits

50,617.02

Letters of Credit and Acceptances

executed for Customers _

None

Dills Payable

________________ _

None

Notes and BiJls Rediscounted_-

None

Other Liabilities

None

Total

-------------- _____ $216,648.70

STATEMENT Showing condition at the close of Business December 31, 1937, of the

METTER BANKING COMPANY

Metter, Ga.

As called for by the Superintendent of Banks.

H. A. KENNARD,

NITA BELLE LEE,

President.

Cashier.

Date of Charter: 7-25-1930

Began Business: 7-26-1930

RESOURCES:

Loans and Discounts__

________ $ 61,510.82

State of Georgia and M unicipa]

Bonds owned

35,000.00

U. S- Government Securities owned 11,500.00

Other Stocks and Bonds owned ---

None

Banking House and Lot-_

6,000.00

Furnitu-re and Fixtures

1,000.00

Other Real Estate owned _____ _

None

Cash in Vault and Amount due

from approved Reserve Agents 109,627.15

Checks for Clearing and Due from

other Banks

None

Cash Items -------------------

None

Overdrafts

None

Advance on Cotton and other Com-

modities

9,903.02

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss--

None

Other Resources

619.00

Total -------

__ $235,159.99

LIABILITIES:

Capital Stock ------- -------------- __________ $ 25,000.00

Capital Notes ---------------- ----------- -

None

Surplus Fund -

6,000.00

Undivided Profits ----------------------

999.26

Reserve Funds

500.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

733.23

Certified Checks -------------------

None

Demand Deposits

201,927.50

Time Certificates of Deposits

None

Savings Deposits

- ----------------

None

Letters of Credit and Acceptances

executed for Customers __ _

None

Dills Payable ------------ _ -------------------

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total _______________________________________________ $ 2 3 5,15 9. 9 9

72

DEPARTME NT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MILAN Milan, Ga.

As called for by the Superintendent of Banks.

R. C. CHAMBERS,

D. R. NEWTON,

President.

Cashier.

Date of Charter: 12-5-1906

Began Business: 12-1906

RESOURCES:

Loans and Discounts____________ ________ $ 23,322.18

State of Georgia and Municipal

Bonds owned ____ _

None

U. S. Government Securities owned 16,521.25

Other Stocks and Bonds owned __

None

Banking House and LoL.

5,000.00

Furniture and Fixtures __

835.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 51,400.4 7

Checks for Clearing and Due from

other Banks

None

Cash Items

10.50

Overdrafts ___

None

Advance on Cotton and other Com-

modities

23,200./8

Customers Liability on Letters of

Credit and Acceptances ..

None

Profit and Loss __ _

None

Other Resources -

37.71

Total

_$120,327.89

LIABILITIES:

Capital Stock

___________ $ 15,000.00

Capital Notes

7,500.00

Surplus Fund

3,000.00

Undivided Profits

494.54

Reserve Funds

1,800.00

Due to Banks

None

Dividends Unpaid

6.00

Cashier's Checks

123.72

Certified Checks

None

Demand Deposits

60,284.22

Time Certificates of Deposits __

32,119.41

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __ _

None

Other Liabilities

--------------------

None

Total

_____ s 120,32 7 .s9

STATEMENT Showing condition at the close of Business December 31, 1937, of the

EXCHANGE BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

OTTO M. CONN,

H. G. BANKS,

President.

Cashier.

Date of Charter: 5-20-1903

Began Business: 6-1903

RESOURCES:

Loans and Discounts______________ --$393,039.42

State of Georgia and Municipal

Bonds owned

------

U. S. Government Securities owned

Other Stocks and Bonds owned ____

Banking House and Lot____________

59,637.25
87,995.18 10,183.51
None

Furniture and Fixtures __

2,217.42

Other Real Estate owned-.

41,624.25

Cash in Vault and Amount due

from approved Reserve Agents 121,816.76

Checks for Clearing and Due from
other Banks
Cash Items Overdrafts ___ _

17,143.85 None
713,96

Advance on Cotton and other ComM

modities

____ --------------- 14,583.91

Customers Liability on Letters of Credit and Acceptances
Profit and Loss----Other Resources ------- --------------------

None None
4,843.25

Total

_______________________________________ $ 7 53' 79 8. 7 6

LIABILITIES:

Capital Stock

-----$100,0 00.00

Capital Notes

None

Surplus Fund

---------------- 60,000.00

Undivided Profits

10,797.78

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

344.00

Cashier's Checks

3,250.91

Certified Checks -

None

Demand Deposits

579,406.07

Time Certificates of Deposits ________

None

Savings Deposits - __________ ---------------

None

Letters of Credit and Acceptances

executed for Customers_

Bills Payable ___ ___ _________

___ _

None None

Notes and Bills Rediscounted ___ _

None

Other Liabilities ___ --------------------

None

Total

___ $753, 798.76

EIGHTEENTH ANNUAL REPORT

73

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE MERCHANTS & FARMERS BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

MARION H. ALLEN,

L. C. HALL,

President. Date of Charter: 3-22-1898

Cashier. Began Business: 3-1898

RESOURCES:

Loans and Discounts--

_______ $348,843_45

State of Georgia and Municipal

Bonds owned ,----------- _________________

None

U. s. Government Securities owned 30,493.26

Other Stocks and Bonds owned __

None

Banking House and Lot __

9,467.61

Furniture and Fixtures

4,000.00

Other Real Estate owned

31,424.54

Cash in Vault and Amount due

from approved Reserve Agents 73,526.26

Checks for Clearing and Due from

other Banks --------------------

1,943.30

Cash Items

--- _______________

344.42

Overdrafts

.75

Ad vance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

None

Total

-- -.. $5 00,0 43.59

LIABILITIES:

Capital Stock -------------------------- ---$ 80,000.00

Capital Notes

None

Surplus Fund __ --------------------------

80,000.00

Undivided Profits

4,143.26

Reserve Funds

2,943.44

Due to Banks -----

None

Dividends Unpaid

3,200.00

Cashier's Checks

1,125.42

Certified Checks ----

None

Demand Deposits

328,631.47

Tin1e Certificates of Deposits __

None

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

---------------- ...$500,043.59

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE MILLEDGEVILLE BANKING COMPANY

Milledgeville, Ga.

As called for by the Superintendent of Banks.

MILLER S. BELL,

MILLER R. BELL,

President. Date of Charter: 2-28-187 4

Cashier. Began Business: 10-13-1884

RESOURCES:

Loans and Discounts_

__________ $511,087.55

State of Georgia and Municipal

Bonds owned ----------------

65,415.65

U. S. Government Securities owned 247,384.38

Other Stocks and Bonds owned.. 26,850.00

Banking House and Lot_

1,935.67

Furniture and Fixtures

1.00

Other Real Estate owned .

37,587.22

Cash in Vault and Amount due

from approved Reserve Agents 400,881.90

Checks for Clearing and Due from

other Banks

2,881.17

Cash Items

None

Overdrafts

- --------

153.75

Advance on Cotton and other Com-

modities --------------------------------------- 12 5, 781.32

Customers Liability on Letters of Credit and Acceptances __________

None

Profit and Loss.

None

Other Resources

None

Total

-----------$1,419,9 59.61

LIABILITIES:

Capital Stock

--------------$ 50,000.00

Capital Notes

None

Surplus Fund

100,000.00

Undivided Profits

65,135.00

Reserve Funds

--------------- 18,500.00

Due to Banks

None

Dividends Unpaid

261.60

Cashier's Checks

5,834.42

Certified Checks Demand Deposits _____

None __________ 1,180,228.59

Time Certificates of Deposits

None

Savings Deposits ___

None

Letters of Credit and Acceptances executed for Customers __
Bills Payable ____ _

None None

Notes and Bills Rediscounted---Other Liabilities ----- -----------------

None None

Total ------

______ $1,419,9 59.61

74

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MILLEN Millen, Ga.

As called for by the Superintendent of Banks.

S. C. PARKER,

W. H. SHEPPARD, JR.,

President.

Cashier.

Date of Charter: 1-4-1893

Began Business: 3-1-1893

RESOURCES:

Loans and Discounts

S269,316.89

State of Georgia and Municipal

Bonds owned

5,650.00

U. S. Government Securities owned 259,293.75

Other Stocks and Bonds owned_

3.000.00

Banking House and Lot _

14,500.00

Furniture and Fixtures

4,500.00

Other Real Estate owned .

225.00

Cash in Vault and Amount due

from approved Reserve Agents 99,112.36

Checks for Clearing and Due from

other Banks ---=-----------Cash Items

235.64 None

Overdrafts

None

Advance on Cotton and other Com~

modities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

$655,833.64

LIABILITIES:

Capital Stock --------- ----- ----- --- ___ s 50,000.00

Capital Notes

None

Surplus Fund

50,000.00

UndiYided Profits

15,434.15

Reserve Funds Due to Banks __

None None

Dividends Unpaid

None

Cashier's Checks

3,506.30

Certified Checks _

None

Demand Deposits

364,144.57

Time Certificates of Deposits

15,275.00

Savings Deposits

157,4 73.62

Letters of Credit and Acceptances

executed for Customers

None

Hills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

----$65 5,8 33.6 4

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF MOLENA Molena, Ga.

As called for by the Superintendent of Banks.

W. 0. JORDAN,

R. H. FLETCHER,

President.

Cashier.

Date of Charter: 10-7-1901

Began Business: 3-1899

RESOURCES:

Loans and Discounts-

---------- $ 43,827.81

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 3,425.00

Other Stocks and Bonds owned

None

Banking House and Lot__

1,500.00

Furnitu-re and Fixtures

1,800.00

Other Real Estate owned

5,5%.00

Cash in Vault and Amount due

from approved Reserve Agents 13,696.48

Checks for Clearing and Due from

other Banks

5.30

Cash Items

63.21

Overdrafts __ _

None

Advance on Cotton and other Com-

modities

14,451.32

Customers Liability on Letters of Credit and Acceptances _______________

None

Profit and Loss--

None

Other Resources

None

Total

_____.$ 84,365.12

LIABILITIES:

Capital Stock

---------$ 15,000.00

Capital Notes

None

Surplus Fund

None

Undivided Profits -------------------

1,601.11

Reserve F'unds

----------------

None

Due to Banks-----------------------------------

None

Dividends Unpaid ----------------

None

Cashier's Checks

11.00

Certified Checks

None

Demand Deposits

30,448.77

Time Certificates of Deposits

34,5 61.82

Savings Deposits

2, 7 42.42

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ---

None

Tot;al

--------$ 84,365.12

EIGHTEENTH ANNUAL REPORT

75

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE FARMERS BANK Monroe, Ga.

As called for by the Superintendent of Banks.

J. M. NOWELL,

C. R. BRADFORD,

President.

Cashier.

Date of Charter: 12-2-1905

Began Business: 1-1-1906

RESOURCES:

Loans and Discounts

- $292,500.83

State of Georgia and Municipal

Bonds owned ---------------- _____________ 59,518.25
u. S. Government Securities owned 133,601.75

Other Stocks and Bonds owned ___ _ 32,357.10

Banking House and Lot

None

Furniture and Fixtures __

None

Other Real Estate owned

11,822.97

Cash in Vault and Amount due

from approved Reserve Agents 146,97 4.49

Checks for Clearing and Due from

other Banks

11,059.65

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

-- ----------------

None

Customers Liability on Letters of

Credit and Acceptances __________

None

Profit and Loss--

None

Other Resources ----------------

None

Total

- ---------------------- ---$ 6 8 7,8 3 5. 0 4

LIABILITIES:

Capital Stock --------------------- _______ $100,000.00

Capital Notes ----------------------------

None

Surplus Fund ---------------

30,000.00

Undivided Profits

----------------- 14,685.25

Reserve Funds -------------------

866.61

Due to Banks--------------------------------Dividends Unpaid

None 20.00

Cashier's Checks

------------------- 1,865.35

Certified Checks ------------------------------

None

Demand Deposits ---------------------------- 384,839.37

Time Certificates of Deposits_

37,800.89

Savings Deposits

117,757.57

Letterg of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

------------------- ---$68 7,8 35.04

STATEMENT Showing condition at the close of Business December 31, 1937, of the

MOULTRIE BANKING COMPANY Moultrie, Ga.

As called for by the Superintendent of Banks.

W. C. VEREEN,

M. L. LEE,

President.

Cashier.

Date of Charter: 7-8-1896

Began Business: 1896

RESOURCES:

Loans and Discounts---------------- ___ $996,244.99

State of Georgia and Municip,al

Bonds owned _

58,283.90

U. S. Government Securities owned 866,437.50

Other Stocks and Bonds owned-- 111,095.94

Banking House and Lot

60,382.19

Furniture and Fixtures _____

3,344.56

Other Real Estate owned __

9,158.08

Cash in Vault and Amount due

from approved Reserve Agents 664,596.89

Checks for Clearing and Due from

other Banks

34,868.89

Cash Items ---------------------------------

None

Overdrafts ---------------------------------------Adv:an~~ on Cotton and other Com-

387.25

modities ---------------------------------------- 40,821.43

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss--------------------------------

None

Other Resources -------------------

None

Total ------

- ---------------------$2,8 45, 621.62

LIABILITIES:

Capital Stock -------------------------- ---------$2 0 0. 00 0.o 0

Capital Notes

None

Surplus Fund --------------------------

200,000.00

Undivided Profits ----

121,753.08

Reserve Funds -------------------------------- 15,000.00

Due to Banks __

None

Dividends Unpaid ---------- --------------- 20,000.00

Cashier's Checks ----

7,573.56

Certified Checks

268.58

Demand Deposits

---------- ----- ___ 1,321, 7 06.82

Time Certificates of Deposits

598,313.60

Savings Deposits

360,883.16

Letters of Credit and Acceptances

executed for Customers______________

None

Bills P.ayable

None

Notes and Bills Rediscounted Other Liabilities ______________________

None 122.82

Total

---------------------------------- - ___ $2,845,621.62

76

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE MOUNT VERNON BANK

Mount Vernon, Ga.

As called for by the Superintendent of Banks.

D. A. McRAE,

J.P. PETERSON,

President.

Cashier.

Date of Charter: 12-21-1900

Began Business: 1-24-1901

RESOURCES:

Loans and Discounts.

--- ---$ 89,904.63

State of Georgia and Municip.al

Bonds owned

26,458.07

U. S. Government Securities owned 39,290.00

Other Stocks and Bonds owned ____ 4,927.50

Banking House and Lat.---

2,313.88

Furniture and Fixtures

1,400.00

Other Real Estate owned. __

7,330.93

Cash in Vault and Amount due

from approved Reserve Agents 105,342.99

Checks for Clearing and Due from

other Banks __

None

Cash Items ----

None

Overdrafts

4.87

Advance on Cotton and other Com-

modities --------

-----------------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources -----------------

None

Total -------------- ----------------------------- __ $ 2 7 6. 9 7 2. 8 7

LIABILITIES:

Capital Stock

--------$ 15,000.00

Capital Notes - ----------------------

None

Surplus Fund

45,000.00

Undivided Profits --------- ----------------- 4,205.!8

Reserve Funds

1,776.66

Due to Banks---------

1,126.77

Dividends Unpaid -----

1,500.00

Cashier's Checks

154.67

Certified Checks

None

Demand Deposits

138,164.98

Time Certificates of Deposits __________ 50,7 05.46

Savings Deposits _____

____ _ 19,339.15

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

-------

__

None

Notes and Bills Rediscounted ____

None

Other Liabilities

None

Total

__________ $27 6, 9 72.8 7

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE UNITED BANKING COMPANY Nashville, Ga.

As called for by the Superintendent of Banks.

P. H. ASKEW, President.
Date of Charter: 7-10-1924

P. L. HOWARD, Cashier.
Began Business: 7-15-1924

RESOURCES:

Loans and Discounts_________ -------$164,962.48

State of Georgia and Municip~l

Bonds owned - ------ ----------------

None

U. S. Government Securities owned 15,125.00

Other Stocks and Bonds owned-------- 10,000.00

Banking House and Lot___________

3,515.00

Furniture and Fixtures-- ----------------- 3,240.00

Other Real Estate owned

900.00

Cash in Vault and Amount due

from approved Reserve Agents 323,990.81

Checks for Clearing and Due from

other Banks --------------------------------

None

Cash Items ----------------------------------------

None

Overdrafts _ ----------------------------

None

Advance on Cotton and other Com-

modities -----------------

None

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss----Other Resources -------------------------

None None

Total __________________ -------------------------------$5 21,7 3 3.2 9

LIABILITIES:

Capital Stock

---------$ 35,000.00

Capital Notes ----------------------------

None

Surplus Fund

21,000.00

Undivided Profits

428.92

Reserve Funds

---------------------- 2,958.84

Due to Banks-----

------------------

None

Dividends Unpaid ---------------------------- 2,800.00

Cashier's Checks ---------------------------- 9,667.61

Certified Checks

----------------

None

Demand Deposits

323,671.69

Time Certificates of Deposits

126,206.23

Savings Deposits ----------------------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted ________

None

Other Liabilities ------------------------------

None

Total ------------------------------------------------$ 5 21, 7 3 3. 2 9

EIGHTEENTH ANNUAL REPORT

77

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF NEWINGTON

Newington, Ga.

As called for by the Superintendent of Banks.

W. W. EVANS,

ADIEL E. HODGES,

President.

Cashier.

Date of Charter: 7-7-1919

Began Business: 8-14-1919

RESOURCES:

Loans and Discounts

----------$ 23,873.92

State of Georgia and Municipal
u. Bso.nGdsovoerwnnmedent Securities owned
Other Stocks and Bonds owned ____

None None None

Banking House and Lot________

2,200.00

FUrniture and Fixtures_

1,250.00

Other Real Estate owned

2,225.00

Cash in Vault and Amount due

from approved Reserve Agents 3,175.04

Checks for Clearing and Due from
other Banks --------Cash Items -------------------------
Overdrafts Adv.ance on Cotton and other Com-

None None None

modities ----

---------------------------

None

Customers Liability on Letters of Credit and Acceptances ______________

None

Profit and Loss ___

None

Other

Resources

---------------------------------

-

None
--

Total ----------

-----------------------$ 32,723.96

LIABILITIES:

Capital Stock ------------------------------------$ 15,000.00

Capital Notes _

----------------

None

Surplus Fund ----- ---- -----

None

Undivided Profits -------------

34.96

RDeuseertvoe BFaunnkdss___________________-_-_-_-_-_-_-_-_-_---------

None None

Dividends Unpaid -- -------- ------------

None

Cashier's Checks -------------------

61.71

Certified Checks --- -------------- _____

None

Demand Deposits ------------------

16,376.12

Time Certificates of Deposits ________ 1,238.57

Savings Deposits

12.60

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities --------------------

None

Total -----------------------------------------------$ 32,723.96

STA"'tEMENT Showing condition at the close of Business December 31, 1937, of the

BAKER COUNTY BANK Newton, Ga.

As called for by the Superintendent of Banks.

J. C. ODOM,

J. H. HALL,

President.

Cashier.

Date of Charter: 10-4-1906

Began Business: 10-15-1906

RESOURCES:

Loans and Discounts________ - --------$ 55,454.12

State of Georgia and Municipal

Bonds owned ----------

None

U. S. Government Securities owned 8,400.00

Other Stocks and Bonds owned____

None

Banking House and Lot. ___

2,727.53

Furniture and Fixtures. ___ _

1,489.41

Other Real Estate owned ___ -----------

None

Cash in Vault and Amount due

from approved Reserve Agents 41,917.25

Checks for Clearing and Due from

CaosthheIrteBmasnk_s___--------------_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

5,000.00 None

Overdrafts ----------------------------------------

None

Advance on Cotton and other Com-

modities ---------------------------- --- ________

None

Customers Liability on Letters of Credit and Acceptances ______________
Profit and Loss ________________________________

None None

Other Resources -------------------------------

None

Total -----------------------------------------------$114,9 8 8. 31

LIABILITIES:

Capital Stock ---------------------------------$ 25,000.00

Capital Notes ----------------------

None

Surplus Fund

25,000.00

Undivided Profits -------------------

6,587.92

Reserve Funds ____

None

Due to Banks ___ .---------------

None

Dividends Unpaid

2,000.00

Cashier's Checks

50.72

Certified Checks ----------------------------

None

Demand Deposits

48,625.63

Time Certificates of Deposits ________ 7,724.04

Savings Deposits

None

Letters of Credit and Acceptances executed for Customers _______________

None

Bills Payable - ------ --------------------------Notes and Bills Rediscounted________

None None

Other Liabilities ------------------------------

None

Total --------------------------------------------------$114,9 8 8.31

78

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF NORCROSS Norcross, Ga.

As called for by the Superintendent of Banks.

T. E. JOHNSON,

C. A. McDANIEL

President.

Cashier. '

Date of Charter: 12-12-1903

Began Business: 2-1-1904

RESOURCES:

Loans and Discounts

-------$ 63,939.35

State of Georgia and Municipal

Bonds owned --------------------------- -

None

U. S. Government Securities owned 20,921.00

Other Stocks and Bonds owned----

None

Banking House and Lot. ________

5,000.00

Furniture and Fixtures ------------------ 1,500.00

Other Real Estate owned..

None

Cash in Vault and Amount due

from approved Reserve Agents 100,805.59

Checks for Clearing and Due from

other Banks

184.65

Cash Items ------------ ---------------------------

31.00

Overdrafts

None

Advance on Cotton and other Com-

modities

18,077.92

Customers Liability on Letters of

Credit and Acceptances ____ _

None

Profit and Loss--

None

Other Resources

None

Total

---$210,459.51

LIABILITIES:

Capital Stock

------------$ 30,000.00

Capital Notes

-------------------

None

Surplus Fund -------- -----------

6,000.00

Undivided Profits

6,258.2B

R<.'scrve Funds

None

Due to Banks

None

Dividends Unpaid

2,100.00

Cashier's Checks

None

Certified Checks Demand Deposits

None 149,014.34

Time Certificates of Deposits __

None

Savings Deposits

17,081.48

Letters of Credit and Acceptances

executed for Customers--

None

Bills Payable

None

Notes and llills Rediscounted __

None

Other Liabilities --------------------

5.40

Total ----------- ---------------------------------$210,459.51

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF OCHLOCHNEE Ochlochnee, Ga.

As called for by the Superintendent of Banks.

W. H. WURST,

A. E. SPEER,

President.

Cashier.

Date of Charter: 10-19-1906

Began Business: 11-1-1906

RESOURCES:

Loans and Discounts________

-$ 56,586.72

~taLc of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 1,350.00

Other Stocks and Bonds owned ____

600.00

Banking House and Lot________________ 1,750.00

Furniture and Fixtures __________________ 1,500.00

Other Real Estate owned

1.00

Cash in Vault and Amount due

from approved Reserve Agents 27,254.87

Checks for Clearing and Due from

other Banks -----------------

None

Cash Items ----------------

None

Overdrafts ----------------------

None

Advance on Cotton and other Com-

niodities --------------------------

4,819.55

Customers Liability on Letters of

Credit and Acceptances _______

None

Profit and Loss ..-----------------------------

None

Other Resources ----------------------

None

Total

----$ 93,862.14

LIABILITIES:

Capital Stock -------------------

.$ 15,000.00

Capital Notes

5,000.00

Surplus Fund

500.00

Undivided Profits

904.95

Reserve Funds

None

Due to Banks ---------------------------

400.64

Dividends Unpaid

None

Cashier's Checks ------------------------

6.04

Certified Checks

None

Demand Deposits

40,019.74

Time Certificates of Deposits ________ 19,860.73

Savings Deposits ----------------------- _ 11,570.04

Letters of Credit and Acceptances

executed for Customers-----------

None

Bills Payable

-----------------------

None

Notes and Bills Rediscounted________

None

Other Liabilities ------------------------------

600.00

Total

----$ 93,862.14

EIGHTEENTH ANNUAL REPORT

79

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks.

T. H. MORGAN,

W. E. WILBURN,

President.

Cashier.

Date of Charter: 2-1-1901

Began Business: 2-8-1801

RESOURCES:

Loans and Discounts---

--------$ 41,425.4 7

State of Georgia and Municipal

Bonds owned ----------------------

11,046.76

u. S. Government Securities owned 15,000.00

Other Stocks and Bonds owned ---

None

Banking House and Lot--

1,500.00

Furniture and Fixtures - -----

None

Other Real Estate owned __

13,800.00

Cash in Vault and Amount due

from approved Reserve Agents 68,762.81

Checks for Clearing and Due from

other Banks

None

Cash Items Overdrafts

None 40.02

Advance on Cotton and other Com-

modities

21,077.03

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss -

None

Other Resources

None

Total

_______________________ $17 2, G51.7 9

LIABILITIES:

Capital Stock -------------------------------- ___ $ 15,00 0. 0 0

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits -----------------

2,4 73.70

Reserve Funds Due to Banks ___ _

1,979.46 None

Dividends Unpaid

80.00

CashiPr's Checks

243.75

Certified Checks

None

Demand Deposits

119,668.70

Time Certificates of Deposits

23,206.18

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ----

None

Total

!)172,631.7D

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS BANK Palmetto, Ga.

As called for by the Superintendent of Banks.

J. H. BALLARD,

B. HUDSON,

President.

Cashier.

Date of Charter: 6-29-1918

Began Business: 7-10-1918

RESOURCES:

Loans and Discounts

________________ $ 59,396.06

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 35,850.00

Other Stocks and Bonds owned -

6,221.70

Banking House and Lot--

6,000.00

Furniture and Fixtures

2,000.00

Other Real Estate owned __

8,265.40

Cash in Vault and Amount due

from approved Reserve Agents 15,636.94

Checks for Clearing and Due from

other Banks

52.90

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

1,414.31

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ___

None

Other Resources _______________ -

None

Total

_____ $13 4,8 3 7.31

LIABILITIES:

Capital Stock -----

--------S 25,000.00

Capital Notes

None

Surplus Fund

None

Undivided Profits

704.92

Reserve Funds

5,250.00

Due to Banks __

None

Dividends Unpaid

None

Ca~hier's Checks

49.38

Certifi<d Checks

None

Demand Deposits

67,995.63

Time Certificates of Deposits __

35,837.38

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities -- ---------------------------

None

Total ---------------------------------------- ---------$13 4, 8 3 7.31

80

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE PATTERSON BANK Patterson, Ga.

As called for by the Superintendent of Banks.

ROMA THOMAS,

ROMA THOMAS,

President.

Acting Cashier.

Date of Charter: 6-19-1907

Began Business: 6-19-1907

RESOURCES:

L.Qans and Discounts______

_______ $ 34,463.97

State of Georgia and Municipal Bonds owned
U. s. Government Securities owned

None 8,000.00

Other Stocks and Bonds owned__

None

Banking House and Lot___

2,400.00

Furniture and Fixtures ___

940.00

Other Real Estate owned

115.00

Cash in Vault and Amount due

from approved Reserve Agents __ 78,658.89

Checks for Clearing and Due from other Banks

None

Cash Items

None

0vrdrafts

None

Advance on Cotton and other Com~

modities

None

Customers Liability on Letters of

Credit and Acceptances ___

None

Profit and Loss..

None

Other Resources

None

Total

__ $124,577.86

LIABILITIES:

Capital Stock

-------$ 15,000.00

Capital Notes

None

Surplus Fund

4,500.00

Undivided Profits --

1,652.11

Reserve Funds

None

Due to Banks ----------------- -----------------

None

Dividends Unpaid

None

Cashier's Checks

546.35

Certified Checks

None

Demand Deposits

81,267.37

Time Certificates of Deposits _______ _ 21,612.03

Savings Deposits ----------

None

Letters of Credit and Acceptances

E'xecuterl for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total ---

------------$124,577.8 6

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS BANK OF PELHAM Pelham, Ga.

As called for by the Superintendent of Banks.

F. D. HOLLIS,

J. R. PAYNE,

President.

Cashier.

Date of Charter: 8-25-1902

Began Business: 9-1-1902

RESOURCES:

Loans and Discounts___________

____ $219,805.53

State of Georgia and Municipal

Bonds owned ---------

36,676.58

U. S. Government Securities owned 17,000.00

Other Stocks and Bonds owned ____ 3,850.00

Banking House and Lot __ _

4,455.00

Furniture and Fixtures

3,369.91

Other Real Estate owned..

13,471.20

Cash in Vault and Amount due

from approved Reserve Agents 95,266.89

Checks for Clearing and Due from

other Banks __ ----------------

15,613.43

Gash Items -----------------------------

Overdrafts

----------------------

None 300.61

Advance on Cotton and other Com-

modities

---------------------- 43,2 7 3.50

Customers Liability on Letters of

Credit and Acceptances~

None

Profit and Loss

None

Other Resources

350.00

Total ----

__________ $ 4 5 3,4 3 2. 65

LIABILITIES:

Capital Stock

.$100,000.00

Capital Notes

-------------------

None

Surplus Fund

29,000.00

Undivided Profits --------

1,560.07

Reserve Funds -------

None

Due to Banks-----------

None

Dividends Unpaid __

7 58.00

Cashier's Checks --------------------------

765.58

Certified Checks ------------------

3.00

Demand Deposits

207,148.60

Time Certificates of Deposits __

1,518.75

Savings Deposits

112,328.65

Letters of Credit and Acceptances

executed for Customers ________________

None

Bills Payable ------------------------------------

None

Notes and Bills Rediscounted _______ _

None

Other Liabilities ----------------------------

350.00

Total --------------------------------------------------$4 53,4 32. 6 5

EIGHTEENTH ANNUAL REPORT

81

STATEMENT Showing condition at the close of Business December 31, 1937, of the

PELHAM BANKING COMPANY Pelham, Ga.

As called for by the Superintendent of Banks.

W. C. COOPER, President.
Date of Charter: 12-4-1936

R. G. McDONALD, Cashier.
Began Business: 12-9-1936

RESOURCES:

Loans and Discounts

------$140,124.01

State of Georgia and Municipal

u. Bso. nGdsovoewrnnmedent Securities owned

None 12,025.00

Other Stocks and Bonds owned ____

None

Banking House and Lot_---------------- 11,730.61

Furniture and Fixtures. ________

3,040.08

Other- Real Estate owned ______ _

1,362.83

Cash in Vault and Amount due

from approved Reserve Agents 75,976.47

Checks for Clearing and Due from

other Banks ---- ---------------------------

5,153.65

Cash Items Overdrafts

----------------

26.22 173.60

Advance on Cotton and other Com-

modities ------------------ ---------------------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss -----------------

None

Other Resources

None

Total

---------$2 49,612.4 7

LIABILITIES:

Capital Stock

-- ________________ $ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

3,090. 72

Reserve Funds ---

10,000.00

Due to Banks __ --------------------------

None

Dividends Unpaid

389.25

Cashier's Checks

7,430.01

Certified Checks

None

Demand Deposits

104,790.05

Time Certificates of Deposits

4,942.91

Savings Deposits

88,969.53

Letters of Credit and Acceptances

executed for Customers ----

None

Bills Payable --- --------------------------------

None

Notes and Bills Rediscounted __ _

None

Other Liabilities -----------------------------

None

Total

- --------$249,612.47

STATEMENT Showing condition at the close of Busines!l December 31, 1937, of the

PERRY LOAN & SAVINGS BANK Perry, Ga.

As called for by the Superintendent of Banks.

R. L. CATER,

C. E. ANDREW,

President.

Cashier.

Date of Charter: 8-20-1889

Began Business: 1889

RESOURCES:

Loans and Discounts--

--------$ 98,354.35

State of Georgia and Municipal

Bonds owned --- -----------------

None

U. S. Government Securities owned 50,000.00

Other Stocks and Bonds owned ___

None

Banking House and Lot

8,000.00

Furniture and Fixtures

1,500.00

Other Real Estate owned __ _

5,500.00

Cash in Vault and Amount due

from approved Reserve Agents 125,677.24

Checks for Clearing and Due from

other Banks ---------- ---------

413.02

Cash Items

----------------------

Overdrafts ___________

None 79.07

Advance on Cotton and other Com-

modities ___ ... - --- -------------

1, 709.97

Customers Liability on Letters of Credit and Acceptances _________ _

None

Profit and Loss_

None

Other Resources -------------------- -

None

Total

---$291,233.65

LIABILITIES:

Capital Stock ---------------------------------- -$ 25,000.00

Capital Notes

None

Surplus Fund

27,500.00

Undivided Profits

6,273.27

Reserve Funds -----------------

None

Due to Banks

----------------

None

Dividends Unpaid

135.00

Cashier's Checks

338.29

Certified Checks ------------- -

None

Demand Deposits

192,233.23

Time Certificates of Deposits._

19,720.00

Savings Deposits

19,999.66

Letters of Credit and Acceptances

executed for Customers _____

None

Bills Payable

__ ---------------

None

Notes and Bills Rediscounted __

None

Other Liabilities ___ ------------------------

34.20

Total ---------------------------- --------------- ____ $ 2 91,2 3 3. 6 5

82

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Busines!l December 31, 1937, of the

BANK OF PINEHURST Pinehurst, Ga.

As called for by the Superintendent of Banks.

A. M. WILSON,

F. M. WILSON,

President.

Cashier.

Date of Charter: 1-1-1908

Began Business: 1904

RESOURCES:

LIABILITIES:

Loans and Discounts__

------S 57,272.76

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

1,375.00

Banking House and Lot __

1,500.00

Furniture and Fixtures

2,500.00

OthE'r Real E::;;tate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents 40,943.24

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

23,848.44

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss--

None

Other Hcsources

None

Total

.. $127,439.44

Capital Stock Capital Notes Surplus Fund Undivided Profits Reserve Funds __ _
Due to Banks-Dividends Unpaid Cashier's Checks Certified Checks
Demand Deposits Time Certificates of Deposits __
Savings Deposits Letters of Credit and Acceptances
executed for Customers ___
Bills Payable Notes and Bills Rediscounted __
Other Liabilities ---

25,000.00 15,000.00
None None 375.00 None None 206.36 None 40,272.08 46,586.00 None
None None None None

Total

___________812 7,439.44

STATEMENT Showing condition at the close of Business December 31, 1937, of the

PITTS BANKING CO. Pitts, Ga.

As called for by the Superintendent of Banks.

A. C. SHELL,

A. C. SHELL, JR.,

President.

Cashier.

Date of Charter: 6-2-1906

Began Business: 6-1906

RESOURCES:

Loans and Discounts

--- --- $ 54,786.14

State of Georgia and Municipal

Bonds O\\'ned

None

U. S. Government Securities owned 1,650.00

Other Stocks and Bonds owned ____

None

Banking House and Lot

300.00

Furniture and Fixtures

900.00

Other Real Estate owned

3,500.00

Cash in Vault and Amount due

from approved Reserve Agents 87,320.20

Checks for Clearing and Due from other Banks
Cash Items Overdrafts ----------------

None None 118.14

Advance on Cotton and other Com-

modities

6,217.42

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss----

None

Other Resources ----

None

Total -------

___ $ 1 5 4 , 7 9 1 . 9 0

LIABILITIES:

Capital Stock

______ $ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undividetl Profits

414.93

Reserve Funds

None

Due to Banks--

None

Dividends Unpaid

1,000.00

Cashier's Checks ----

2,974.41

Certified Checks

None

Demand Deposits

105,960.62

Time Certificates of Deposits

14,441.94

Savings Deposits ---

None

.~etters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities _

None

Total ____ ---------------------

___ $154,791.90

EIGHTEENTH ANNUAL REPORT

83

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF QUITMAN Quitman, Ga.

As called for by the Superintendent of Banks.

SAM'L S. ROUNTREE,

H. W. STUBBS,

President.

Cashier.

Date of Charter: 12-26-1888

Began Business: 12-28-1888

RESOURCES:

Loans and Discounts -----------------------$167,339.84

State of Georgia and Municipal

u. s.Bonds owned

None

Government Securities owned 7,000.00

Other Stocks and Bonds owned __ 46,679.50

Banking House and Lot....___ _

7,489.57

Furniture and Fixtures ___ _

1,615.73

Other Real Estate owned

12,846.19

Cash in Vault and Amount due

from approved Reserve Agents 437,753.27

Checks for Clearing and Due from

other Banks

1,558.60

Cash Items ------------------------------------ 4,710.38

Overdrafts

None

Advance on Cotton and other Com-

modities

4, 794.77

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss-------------------------------

None

Other Resources -------------- ______ _

None

Total

...... $691,787.85

LIABILITIES:

Capital Stock -------------------------$ 50,000.00

Capital Notes

None

Surplus Fund

39,638.69

Undivided Profits .. ---- ............ 4,413.03

Reserve Funds

28,614.12

Due to Banks.

3,558.11

Dividends Unpaid ---------------------

2,000.00

Cashier's Checks

99.16

Certified Checks ------------------ _________

None

Demand Deposits

341,432.64

Time Certificates of Deposits

None

Savings Deposits

_______ 222,032.10

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

-- -------------

None

Notes and Bills Rediscounted..--

None

Other Liabilities ---------- ------ ----------

None

Total

____________ .691, 78 7.85

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE TATTNALL BANK

Reidsville, Ga.

As called for by the Superintendent of Banks.

J. V. KELLEY,

W. E. SMITH, JR.,

President.

Cashier.

Date of Charter: 9-14-1900

Began Business: 10-22-1900

RESOURCES:

Loans and Discounts

....... $134,971.45

State of Georgia and Municipal

Bonds owned

1,000.00

U. S. Government Securities owned 8,850.00

Other Stocks and Bonds owned _

None

Banking House and Lot-_

4,000.00

Furniture and Fixtures __ _

1,000.00

Other Real Estate owned _________

9,699.91

Cash in Vault and Amount due

from approved Reserve Agents 178,868.59

Checks for Clearing and Due from

other Banks

------ -

None

Cash Items

-----------------

None

Overdrafts

5.27

Advance on Cotton and other Commodities ____________________ -- ___________ _

None

Customers Liability on Letters of

Credit and Acceptances _______ Profit and Loss ________________

None None

Other Resources

None

Total

------------ --------- -- $3 3 8,3 9 5.2 2

LIABILITIES:

Capital Stock ---------------- -------- .$ 25,000.00

Capital Notes --

None

Surplus Fund

7,000.00

Undivided Profits __

2,701.52

Reserve Funds

None

Due to Banks ..........

None

DividendR Unpaid ------ ------------------

None

Cashier's Checks ---- -----------------

728.44

Certified Checks

None

Demand Deposits

209,720.83

Time Certificates of Deposits_

46,706.97

Savings Deposits ------

46,537.46

Letters of Credit and Acceptances executed for Customers ______________ _

None

Bills Payable

None

Notes and Bills Rediscounted ____ _

None

Other Liabilities ---------

None

Total

.. $338,395.22

84

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of 1the

RENTZ BANKING CO. Rentz, Ga.

As called for by the Superintendent of Banks.

0. D. BARRON,

THERON WOODARD,

President.

Cashier.

Date of Charter: 5-2-1914

Began Business: 5-5-1914

RESOURCES:

Loans and Discounts_

- _---S113,822.53

State of Georgia and Municipal

Bonds O\vned

None

U. S. Go,Ternment Securities owned

800.00

Other Stocks and Bonds owned __ _

None

Banking House and Lot -

2,500.00

Furniture and Fixtures_

None

Other Real Estate owned __

1,500.00

Cash in Vault and Amount due

from approved Reserve Agents._ 17,287.77

Checks for Clearing and Due from

other Banks

None

Cash Items _

149.65

Overdrafts

418.58

Advance on Cotton and other Com-

modities

985.39

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss-

None

Other Resources

None

Total

$137,463.92

LIABILITIES:

Capital Stock

--------$ 15,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

13,009.79

Reserve Funds

2,468.75

Due to Banks--

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

None

Demand DPposits

64,922.99

Time Cf'rtificates of Deposits

4,562.39

Savin;;s Deposits

None

Letters of Credit and Acceptances

exc('uterl for Customers .

None

Dills Payable

32,500.00

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

-- ----- .$137,463.92

STATEMENT Showing condition at the close of Business December 31, 1937, ofthe

THE CITIZENS STATE BANK Reynolds, Ga.

As called for by the Superintendent of Banks.

W. J. BUTLER,

R. L. BELL,

President.

Cashier.

Date of Charter: 9-8-1922

Began Business: 9-8-1922

RESOURCES:

Loans and Discounts__

--- .$172,441.09

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 1,550.00

Other Stocks and Bonds owned_

None

Banking House and Lot

7,000.00

Furniture and Fixtures

2,418.53

Other Real Estate owned_

750.00

Cash in Vault and Amount due

from approved Reserve Agents 40,708.16

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

--- ----------- 1,907.02

Customers Liability on Letters of

Credit and Acceptances._

None

Profit and Loss.

None

Other Resources ---- -----------------

None

Total

_______ $2 2 6, 77 4.80

LIABILITIES:

Capital Stock

---------$ 25,000.00

Capital Notes

None

Surplus Fund -

5,000.00

Undivided Profits

1,977.90

Reserve Funds

1,393.18

Due to Banks -

None

Dividends Unpaid

None

Cashier's Checks

127.33

Certified Checks

None

Demand Deposits

98,299.69

'l'ime Certificates of Deposits

23,307.87

Savings Deposits

41,668.83

Letters of Credit and Acceptances

exef~utcd for Customers _

None

Bills Payable

30,000.00

N otcs and Bills Rediscounted .

None

Other Liabilities

None

Total

________ $22 6, 77 4.80

EIGHTEENTH ANNUAL REPORT

85

STATEMENT Showing condition at the close of Business December 31, 1937, of the

RICHLAND BANKING CO.

Richland, Ga.

As called for by the Superintendent of Banks.

E. W. PARISH,

WILLIS H. STRICKLAND, JR.,

President.

Cashier.

Date of Charter: 10-13-27

Began Business: 10-15-27

RESOURCES:

Loans and Discounts-

------ ~113,589.43

State of Georgia and Municipal

Bonds owned

2,525.55

U. S. Government Securities owned 12,050.00

Other Stocks and Bonds owned __ _ 9,918.81

Banking House and Lot

4,315.00

Furniture and Fixtures _

1,575.00

Other Real Estate owned .. _

Kane

Cash in Vault and Amount due

from approved Reserve Agents 42,306.43

Checks for Clearing and Due from

other Uanks

None

Cash Items

106.00

Overdrafts

None

Advance on Cotton and other Com-

modities

4,655.96

Customers Liability on Letters of

Credit and Acceptances __ .

None

Profit and Loss __

None

Other Resources

None

Total

---------$191,0 42.1 s

LIABILITIES:

Capital Stock

.. --- .... $ 40,000.00

Capital Notes

None

Surplus Fund

8,000.00

Undivided Profits

297.53

Reserve Funds

None

Due to Banks

5,907.07

Dividends Unpaid

1,095.00

Cashier's Checks --------------------------

187.64

Certified Checks

None

Demand Deposits

93,227.79

Time Certificates of Deposits

None

Savings Deposits

42,327.15

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ----

None

Total

. $191,042.18

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF RINGGOLD Ringgold, Ga.

As called for by the Superintendent of Banks.

M. W. MURPHY,

J. COLTON \VEEKS,

President.

Cashier.

Date of Charter: 8-24-1904

Began Business: 8-1904

RESOURCES:

Loans and Discounts------

--- $128,199.35

State of Georgia and :r.iunicipal

Bonds owned

2,006.67

U. S. Government Securities owned 1,102.50

Other Stocks and Bonds O\vned

None

Banking House and Lot

1,846.25

Furniture and Fixtures .

2,463.82

Other Heal Estate owned_

9,067.96

Cash in Vault and Amount due

from approved Reserve Agents 43,!::161.31

Checks for Clearing and Due from

other Banks

-

86.83

Cash Items

None

Overdrafts

415.04

Advance on Cotton and other Com-

modities

- --------------

4,501.91

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ____ _

None

Other Resources ----

None

Total

... $193,651.64

LIABILITIES:

Capital Stock ...... _____________ ...

...$ 25,000.00

Capital Notes

7,000.00

Surplus Fund - - ---------------- -----

687.83

Undivided Profits ....

2,749.88

Reserve Funds

3,218.11

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

451.64

Certified Checks

None

Demand Deposits

89,092.36

Time Certificates of Deposits __

10 6.2 5

Savings Deposits

65,073.57

Letters of Credit and Acceptances

executed for Customers _____

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

272.00

Total

$193,651.64

86

DEPART MENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of Ithe

CRAWFORD COUNTY BANK

Roberta, Ga.

As called for by the Superintendent of Banks.

C. R. AVERA,

F. E. BENTLEY,

President.

Cashier.

Date of Charter: 1-7-1901

Began Business: 1-8-1901

RESOURCES:

LIABILITIES:

Loans and Discounts

----------------$ 32,709.61

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 8,718.06

Other Stocks and Bonds owned ___ _ 5,050.00

Banking House and Lot ___________ _

1,600.00

Furniture and Fixtures __

1,000.00

Other Real Estate owned ___

8,688.40

Cash in Vault and Amount due

from approved Reserve Agents 22,366.14

Checks for Clearing and Due from

other Banks --------------------------------

None

Cash Items ------------------

82.64

Overdrafts

54.28

Advance on Cotton and other Com-

modities

16,417.29

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

None

Total

-- s 96,686.42

Capital Stock ----------------------- ____________ $ 15,000.00

Capital Notes Surplus Fund _________________________ _

None None

Undivided Profits

1,086.10

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

215.19

Certified Checks

None

Demand Deposits

52,566.00

Time Certificates of Deposits __

27,819.13

Saving-s Deposits

None

LEtters of Credit and Acceptances

exccuted for Custamers

None

Bills Payable ----

None

Notes and BHls Rediscounted __

None

Other Liabilities --------------------

None

Total ---- ---------- ----------------------------- ___ $ %,686.42

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE ROCKMART BANK Rockmart, Ga.

As called for by the Superintendent of Banks.

H. P. FAMBRO,

G. H. HARRISON,

President.

Cashier.

Date of Charter: 10-30-1900

Began Business: 10-30-1900

RESOURCES:

Loans and Discounts ________________________ $124,317.24

State of Georgia and Municipal

Bonds owned __

3,120.00

U. S. Government Securities owned 178,005.00

Other Stocks and Bonds owned ____ 5,100.00

Banking House and Lot-_

8,750.00

Furniture and Fixtures __ _

3,650.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents__ 134,377.12

Checks for Clearing and Due from

other Banks --------------------------------
Cash Items --------------------Overdrafts ---------------------------------------

None None 29.32

Advance on Cotton and other Com-

modities

45,031.08

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss Other Resources -----

---------------- - --------------

None None

Total __ ---------------------------------------------$502,379.76

LIABILITIES:

Capital Stock _____________________________ $ 36,000.00

Capital Notes ----------------

None

Surplus Fund -------------------

7,200.00

Undivided Profits ---- ---------- _

4,921.37

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

2,160.00

Cashier's Checks --------------------

2,966.92

Certified Checks

None

Demand Deposits ------------------

281,286.80

Time Certificates of Deposits--

None

Savings Deposits

167,844.67

Letters of Credit and Acceptances

executed for Customers ________ _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities _____ -----------------

None

Total -------------------------

---------$502,379.76

EIGHTEENTH ANNUAL REPORT

87

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ROSWELL BANK Roswell, Ga.

As called for by the Superintendent of Banks.

J. H. FOSTER,

C. G. WEBB,

President.

Cashier.

Date of Charter: 3-11-1901

Began Business: 3-1901

RESOURCES:

Loans and Discounts--

___ $247,358.09

State of Georgia and Municipal

Bonds owned

18,000.00

u. s. Government Securities owned 7,500.00

Other Stocks and Bonds owned __ 14,985.00

Banking House and Lot __

None

Furniture and Fixtures ----------

1,038.62

Other Real Estate owned

100.00

Cash in Vault and Amount due

from approved Reserve Agents __ 44,132.48

Checks for Clearing and Due from

other Banks -------------------

1,911.37

Cash Items Overdrafts

---------------------_____________ _

302.08 717.18

Advance on Cotton and other Com-

modities ------------------------ ------

79.831.28

Customers Liability on Letters of

Credit and Acceptances..

None

Profit and Loss --------------------

None

Other Resources

None

Total

- - ---- -------- -------------------- -- $415,8 7 6.10

LIABILITIES:

Capital Stock

_____ $ 25,000.00

Capital Notes _--------------------

None

Surplus Fund

25,000.00

Undivided Profits

10,881.66

Reserve Funds

None

Due to Banks ------------------

None

Dividends Unpaid

None

Cashier's Checks ------------------

614.91

Certified Checks

1,175.00

Demand Deposits

216,108.13

Time Certificates of Deposits ________ 136,830.53

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable ----------- ----- -----------------

None

Notes and Bills Rediscounted __

None

Other Liabilities

265.87

Total ---------------------------------------------$415' 8 7 6.10

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF RUTLEDGE Rutledge, Ga.

As called for by the Superintendent of Banks.

R. W. WALLACE,

W. T. ROBERTS,

President.

Cashier.

Date of Charter: 9-24-1898

Began Business: 10-1-1898

RESOURCES:

Loans and Discounts________

_____ $ 82,427.21

State of Georgia and Municipal

Bonds owned-

None

D. S. Government Securities owned

None

Other Stocks and Bonds owned __

7,375.00

Banking House and Lot _____

i,OOO.OO

Furniture and Fixtures -------------------

400.00

Other Real Estate owned__________

4,000.00

Cash in Vault and Amount due

from approved Reserve Agents 15,063.65

Checks for Clearing and Due from

other Banks

------------------

89.68

Cash Items ----------------- ----------------

41.42

Overdrafts ------------------ -------------------

None

Advance on Cotton and other Com-

modities ___ ---------------- -----

17,236.96

Customers Liability on Letters of

Credit and Acceptances ____________ _

None

Profit and Loss ____

None

Other Resources

None

Total

-- ------ $12 7' 6 3 3. 9 2

LIABILITIES:

Capital Stock

____________________ $ 25,000.00

Capital Notes

7,500.00

Surplus Fund --------------------------

6,500.00

Undivided Profits __

2,338.84

Reserve Funds ----------- --------------- -- - 1,000.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

266.46

Certified Checks ------------------------

None

Demand Deposits

56,487.61

Time Certificates of Deposits ________ 15,321.43

Savings Deposits --------------------------- 13,219.58

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted ________

None

Other Liabilities

None

Total -------------

--------- $127,633.92

88

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF CAMDEN COUNTY Saint Marys, Ga.

As called for by the Superintendent of Banks.

T. B. KEMP,

S. E. BRANDON,

President.

Cashier.

Date of Charter: 9-16-1911

Began Business: 12-6-1911

RESOURCES:

Loans and Discounts _

__. __ $ 38,247.87

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot

3,200.00

Furniture and Fixtures __

2,350.00

Other Real Estate owned__ --- __

150.00

Cash in Vault and Amount due

from approved Reserve Agents __ 36,528.74

Checks for Clearing and Due from

other Banks

3,254.02

Cash Items ------------------ --------------

None

0\-erdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss--

None

0Lher Resources __ _

None

Total

--------------- - $ 8 3' 7 30.63

LIABILITIES:

Capital Stock ------------------ _ _____ ___ s 15,000.00

Capital Notes Surplus Fund

None 3,000.00

Undivided Profits

1,894.84

Reserve Funds Due to Banks __

None 5,000.00

Dividends Unpaid Ca~hier's Checks

None 47.30

Certified Checks

None

Demand Deposits

40,446.06

Time C('rtificates of Deposits __

5,450.00

Savings Deposits

12,892.43

Letter~ of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted-

None

Other Liabilities

None

Total

------- $ 83,730.63

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF SASSER

Sasser, Ga.

As called for by the Superintendent of Banks.

T. E. METTER,

B. H. HILL,

President.

Cashier.

Date of Charter: 1-15-1905

Began Business: 1905

RESOURCES:

Loans and Discounts

$110,484.54

State of Georgia and Municipal

Bonrls owned

11,000.00

U. S. Government Securities owned 21,625.00

Other Stocks and Bonds owned __

1,750.00

Banking House and Lot __

1,800.00

Furniture and Fixtures

1,692.00

Other Real Estate owned __

None

Cash in Vault and Amount due

approved Re~erve Agents __

34,918.89

Checks for Clearing and Due from

other Banks

1,626.30

Cash Items

None

Overdrafts -----------------------------~-----

None

Advance on Cotton and other Com~

modities

None

Customers Liability on Letters of

Credit and Acceptances_.

None

Profit and Loss.-

None

Other Resources -----------------------

None

Total

---------------- ------------ ~ 18 4,89 6. 7 3

LIABILITIES:

Capital Stock

--~ 25,000.00

Capital Notes -------------------------

None

Surplus Fund

32,500.00

UnJividecl Profits ---- --- --------

1,751.68

Heserve Funds

None

Due to Banks _______________ _

None

Dividend~ Unpaid

24.00

Cashier's Checks

None

Certified Checks

None

Demand Deposits -

106,500.05

Time Certificates of Deposits -

4,121.00

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bill8 Payable

-------------------- 15,000.00

Notes and Bills Rediscounted ___

None

Other Liabilities -

None

Total

----------- $184,896.73

EIGHTEENTH ANNUAL REPORT

89

STATEMENT Showing condition at the close of Business December 31, 1937, of the

ATLANTIC SAVINGS & TRUST CO.

Savannah, Ga.

As called for by the Superintendent of Banks.

JAMES M. ROGERS,

WM. H. WHITEHEAD,

President.

Secretary.

Date of Charter: 11-6-1933

Began Business: 11-6-1933

RESOURCES:

Loans and Discounts~~

$881,634.65

State of Georgia and Municipal

Bonds owned

None

U.s. Government Securities owned 104,941.32

Other Stocks and Bonds owned __

None

Banking House and Lot _______________ _ 39,100.00

Furniture and Fixtures

4,638.54

Other Real Estate o'>vned

49,873.69

Cash in Vault and Amount due

from approved ReRerve Agents 126,861.74

Ched~s for Clearing and Due from

other Banks

2,815..!6

Cash Items

None

o\erdrafts

None

AdYance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances __ _

None

Profit and Loss _

None

Other Resources

7,068.91

LIABILITIES:

s Capital Stock ~--~--~~-~ ---~~------~---~----~- 50,0 0 0.0 0

Capital Notes

-----------------

None

Surplus Fund

100,000.00

Undivided Profits

40,811.79

Reserve Funds

None

Du<::' to Bank8

Non:e

Dividends Unpaid

None

Cashier's Checl~s

None

Certified Checks

1,057.09

Demand Deposits

None

'Iime Certificates of Deposits __

447,239.34

Savings Deposits

577,735.60

Letters of Credit and Acceptances

executed for Customers_

None

Bills Payable

None

Nntes and Bills Rediscounted __

None

Other Liabilities __ _

90.49

Total

.... 31,216,934.31

Total

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK & TRUST COMPANY

Savannah, Ga.

As called for by the Superintendent of Banks.

GEO. H. SMITH,

PAUL T. JONES,

President.

Vice-Pres. & Cash.

Date of Charter: 5-22-1906

Began Business: 6-1-1906

RESOURCES:

Loans and Discounts ______________ $1,124,551.79

State of Georgia and Municipal

Bonds owned

2,000.00

U. S. Government Securities

OVlTied

------

300,425.85

Other Stocks and Bonds owned_ 44,736.00

Banking House and Lot-_

150,000.00

Furniture anrl Fixtures __

2,000.00

Other Real Estate owned .

68,264.68

Cash in Vault and Amount due

from approved Reserve Agents 283,4D3.37

Checks for Clearing and Due from

other Banks

42,892.S5

Cash Items

1,061.06

Overdrafts

------------

25.72

Advance on Cotton and other Com~

modities ---------------- ------------

None

Cus tamers Liability on Letters of

Credit and Acceptances __ Profit and Loss ~~~~--~------ ~ ~

None None

Other Resource:3

5,854.19

Total -~-

-~---$2,025,305.51

LIABILITIES:

Capital Stock

~ ----S

Capital Notes

Surplus Fund

UndiYided Profits

Reserve Funds

Due to Banks

Dividends Unpaid

Cashier's Checks

CPrtifleJ Checks

Demand Deposits

Time Certificates of Deposits __

Savings Deposits

Letters of Credit and Acceptances

exeeuted for Customers __

Bills Payable

Notes antl Bills Rediscounted __

Other Liabilities

200,000.00 142,000.00
58,000.00 18,272.61 14,045.63 76,728.56
448.00 6,635.10 8,27 4.51 742,727.03 13,750.00 554,107.45
None 61,000.00 129,316.62
None

Total

~--~$ 2, 0 2 5, 3 0 5. 51

90

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

GEORGIA STATE SAVINGS ASSOCIATION Savannah, Ga.

As cailed for by the Superintendent of Banks.

HENRY BLUN,

S. B. LaFAR,

President.

Secty. & Treas.

Date of Charter: 7-29-1909

Began Business: 8-4-1909

RESOURCES:

Loans and Discounts_____

__$3,203,627.56

State of Georgia and Municipal Bonds owned _________ _

None

U. S. Government Securities owned 405,67 5.00

Other Stocks and Bonds owned ____ 397,166.59

Banking House and Lot_ ___

115,000.00

Furniture and Fixtures

1.00

Other Real Estate owned __

938,935.25

Cash in Vault and Amount due

from approved Reserve Agents 138,724.71

Checks for Clearing and Due

from other Banks __

Cash Items

_______________ _

1,972.26 None

Overdrafts

-----------------

None

Advance on Cotton and other

Commodities

-------------

None

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss _

None

Other Resources

5,391.31

Total

.. $5,2 06,4 9 3.68

LIABILITIES:

Capital Stock

---- __________$ 325,000.00

Capital Notes

None

Surplus Fund

250,000.00

Undivided Profits

53,398.34

Reserve Funds

163,892.70

Due to Banks---

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks _

None

Demand Deposits

None

Time Certificates of Deposits ______ 1,599,075.78

Savings Deposits

2,791,594.78

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities

23,532.08

Total

---- $ 5' 2 0 6' 4 9 3. 6 8

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SAVANNAH BANK & TRUST COMPANY

Savannah, Ga.

As called for by the Superintendent of Banks.

JOHN J. CORNELL,

J. H. THOMPSON,

President.

Cashier.

Date of Charter: 3-4-1869

Began Business: 7-1869

RESOURCES:

Loans and Discounts

_ $2,999,764.30

Statp of Georgia and Municipal

Bonds owned

None

U. S. Govern1nent Securities

owned

_____________ _ 120,606.67

Other Stocks and Bonds owned ____ 44,476.31

Banking House and Lot

525,000.00

Furniture and Fixtures ___ _

17,000.00

Other Real Estate owned __

117,472.05

Cash in Vault and An1ount due

from approved Reserve Agents 1,003,262.03

Checks for Clearing and Due

from other Banks--------------- ____ _ 128,471.56

Cash Items

3,239.27

Overdrafts -------------------

1,344.56

Advance on Cotton and other

Commodities

None

Customers Liability on Letters

of Credit and Acceptances ________ 14,880.69

Profit and Loss -

None

Other Resources

None

Total

_________.. $4,975,517.44

LIABILITIES:

Capital Stock

__ $ 350,000.00

Capital Notes

325,000.00

Surplus Fund

125,000.00

Undivided Profits

27,173.84

Reserve Funds -- -----------------

80,000.00

Due to Banks.

466,970.75

DiYidends Unpaid

None

Cashier's Checks

38,183.61

Certified Checks

4,008.52

Demand Deposits

2,117,567.81

Time Certificates of Deposits

11,250.00

Savings Deposits

1,227,314.89

Letters of Credit and Acceptances

executed for Customers

14,880.69

Bills Payable

None

Notes and Bills Rediscounted

173,384.70

Other Liabilities

14,782.63

Total -

______________ $4,9 7 5,517.44

EIGHTEENTH ANNUAL REPORT

91

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Senoia, Ga.

As called for by the Supe;-intendent of Banks.

R. L. HARDY,

R. W. FREEMAN,

President.

Cashier.

Date of Charter: 3-2-1874

Began Business: 1889

RESOURCES:

Loans and Discounts

____ $ 88,248.74

State of Georgia and Municipal

U Bs.onGdsovoewrnnmedent Securities owned

None 900.00

Other Stocks and Bonds owned ____

None

Banking House and Lot--

1,400.00

Furniture anrl Fixtures _____

None

Other Real Estate owned __ _

14,150.00

Cash in Vault and Amount due

from approved Reserve Agents 49,070.54

Checks for Clearing and Due from

other Banks

None

Cash Items

7 5.00

Overdrafts

52.12

AdYance on Cotton and other Com

modities

43,103.48

Customers Liability on Letters of

Credit and Acceptances

None

Profit nnd Loss __

None

Other Resources

None

Total

3196,999.88

LIABILITIES:

Capital Stock

__ ..$ 25,000.00

Capital Notes

None

Surplus Fund --------------------

7,000.00

Undivided Profits

3,354.16

Reserve Funds

None

Due to Banks _

None

Dividends Unpaid

2,136.00

Cashier's Checks

21.51

C<:rtified Checks

None

Demand Deposits

99,772.94

Time Certificates of Deposits __

59,715.27

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __ -

None

Bills Payable

None

Notes and Bills Rediscounierl _

None

Other Liabilities __ _

None

----------$196,999.88

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK

Shady Dale, Ga.

As called for by the Superintendent of Banks.

J. H. YOUNG, President.
Date of Charter: 2-6-1920

0. H. BANKS, Cashier.
Began Business: 4-12-1920

RESOURCES:

Loans and Discounts..

____ S 42,383.61

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

195.00

Banking House and Lot

None

Furniture and Fixtures __

1,500.00

Other Real Estate owned---------_

1,077.23

Cash in Vault and Amount due

from approved Reserve Agents 11,296.58

Checks for Clearing and Due from

other Banks ...........

None

Cash Items -----------------------------

None

Overdrafts

------ -------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __

None

Other Resources

None

Total

-------- ------------------------- --------$ 5 6,4 52.4 2

LIABILITIES:

Capital Stock ____ .. _______ _ ____________ $ 20,000.00

Capital Notes

None

Surplus Fund

None

Undivided Profits

1,339.84

Reserve Funds ---

None

Due to Banks

None

Dividends Unpaid ----------------

None

Cashier's Checks

284.01

Certified Checks

None

Demand Deposits

22,123.34

Time Certificates of Deposits __

12,705.23

Savings Deposits

____________ _

None

Letters of Credit and Acceptances

executed for Customers ___

None

Bills Payable ------------------- .. ________ _

None

Notes and Bills Rediscounted _______ _

None

Other Liabilities _ -----------------

None

Total ---------------------------- ------ _____________ $ 56,452.42

92

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF SHARON Sharon, Ga.

As called for by the Superintendent of Banks.

W. F. DOZIER,

B. C. DARDEN

President.

Cashier. '

Date of Charter: 9-29-1904

Began Business: 9-1904

RESOURCES:

Loans and Discounts

____________ $ 22,516.84

State of Georgia and Municipal

Bonds o\vned

None

U. S. Government Securities owned 14,616.71

Other Stocks and Bonds owned ....

None

Banking House and Lot

None

Furniture and Fixtures __

500.00

Other Real Estate owned_

1,500.00

Cash in Vault and Amount due

from approved Reserve Agents 23,561.48

Checks for Clearing and Due from

other Banks

396.58

Cash Items

None

Overdrafts

90.00

Advance on Cotton and other Com-

modities ________ -------------- ---------------- 13,534.67

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ____

162.35

Other Resources --------

None

Total ---------- ---------- ---- -------- ----------- $ 7 6, 8 78. 6 3

LIABILITIES:

Capital Stock

----------------- ........ $ 15,000.00

Capital Notes -----------------

None

Surplus Fund --------------------------

6,000.00

Undivided Profits

----------------------

None

Reserve Funds ---- ----------------------

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks __ ---------------------------

14.66

Certified Checks

None

Demand Deposits ---- .. -------- __________ _ 44,499.58

Time Certificates of Deposits ____ _ 11,364.39

Savings Deposits

----------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable ------------------

None

Notes and Bills Rediscounted __

None

Other Liabilities

______________ _

None

Total

------$ 76,878.63

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF SILOAM Siloam, Ga.

As called for by the Superintendent of Banks.

J. H. DOLVIN,

D. C. OWEN,

President.

Cashier.

Date of Charter: 10-18-1904

Began Business: 10-1904

RESOURCES:

Loans and Discounts ________________________ $ 34,373.82

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ____

None

Banking House and Lot...

2,500.00

Furniture and Fixtures

1,532.60

Other Real Estate owned..

5,032.63

Cash in Vault and Amount due

from approved Reserve Agents ___ 29,412.30

Checks for Clearing and Due from

other Banks

None

Cash Items --------------

None

Overdrafts -------

--------------------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Accevtances ____

None

Profit and Loss ----- ---------------

None

Other Resources - ---------------

112.03

Total

------------$ 7 2. 9 6 3. 3 8

LIABILITIES:

Capital Stock

..$ 15,000.00

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits

2,758.96

Reserve Funds __

1,500.00

Due to Banks_

None

Dividends Unpaid

46.60

Cashier's CheckH

None

Certified Cheeks --------- - -- ---

None

Demand Deposits

31,886.99

Time Certificates of Deposits

11,770.83

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable ------ ---------------------------

None

Notes and Bills Rediscounted

None

Other Liabilities ___

None

Total

------------------$ 72,963.38

EIGHTEENTH ANNUAL REPORT

93

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SOCIAL CIRCLE BANK Social Circle, Ga.

As called for by the Superintendent of Banks.

W. B. SPEARMAN,

W. S. McKIBBEN,

President.

Cashier.

Date of Charter: 12-31-1923

Began Business: 3-8-1924

RESOURCES:

Loans and Discounts -

-------$ 61,311.24

State of Georgia and Municipal

Bonds owned ----------------------- _______ _ 10,376.60

U. S. Government Securities owned

None

Other Stocks and Bonds owned ________ 2,000.00

Banking House and Lot __

3,000.00

Furniture and Fixtures---

1,500.00

Other Real Estate owned.

None

Cash in Vault and Amount due

from approved Reserve Agents 35,842.28

Checks for Clearing and Due from

other Banks -

None

Cash Items -------------------------------Overdrafts ---------------------

None 36.22

Advance on Cotton and other Com-

modities

46,229.53

Customers Liability on Letters of

Credit and Acceptances ______

None

Profit and Loss

-------------------

None

Other Resources -----

None

Total -------

------------------------ - --$16 0. 29 5. 8 7

LIABILITIES:

Capital Stock Capital Notes

----------------$ 25,000.00 None

Surplus Fund

7,000.00

Undivided Profits

---------------------

10 7.5 6

Reserve Funds ------------------------------

None

Due to Banks _____________ -------------

None

Dividends Unpaid

2,500.00

Cashier's Checks _________ -------------

50.00

Certified Checks ----------------------

3.7 5

Demand Deposits ---- -------------------

95,145.25

Time Certificates of Deposits ______ . 5,000.00

Savings Deposits

25,452.77

Letters of Credit and Acceptances

executed for Customers _______ _

None

Bills Payable

36.54

Notes and Bills Rediscounted __ _

None

Other Liabilities ------------------------

None

Total ----------------- ---------------- -- -------$160,295.87

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF SOPERTON Soperton, Ga.

As called for by the Superintendent of Banks.

J. B. O'CONNER,

J. E. HALL,

President.

Cashier.

Date of Charter: 6-16-1906

Began Business: 6-1903

RESOURCES:

Loans and Discounts

______ $105,304.46

State of Georgia and Municipal

Bonds owned

_ ------------

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned.... 8,906.95

Banking House and Lot __________ ------- 13,476.25

Furniture and Fixtures ------------------- 3,842.84 Other Real Estate owned ________________ 29,305.34

Cash in Vault and Amount due

from approved Reserve Agents____ 55,156.79

Checks for Clearing and Due from

other Banks --------------------------

Cash Items

------------------------

Overdrafts ----------------------------------------

None 2.30
83.49

Advance on Cotton and other Com-

modities ------------------------- _____ ________ 99,5 48.50

Customers Liability on Letters of

Credit and Acceptances ____

None

Profit and Loss.. Other Resources _______

None 1,563.18

Total

______________ $31 7,190.10

LIABILITIES :

Capital Stock

-- .... $ 25,000.00

Capital Notes ----------------------

25,000.00

Surplus Fund ----------------------

10,000.00

Undivided Profits - -------------------------- 2,153.3.1

Reserve Funds --------------------------------

None

Due to Banks. ---------------------------------

None

Dividends Unpaid --- -------------

None

Cashier's Checks ----------------------

231.72

Certified Checks --------------

None

Demand Deposits -------------------------- 153,684.99

Time Certificates of Deposits __

71,511.73

Savings Deposits ------------------------------ 29,608.35

Letters of Credit and Acceptances

executed for Customers.

None

Bills Payable --------------------

None

Notes and Bills Rediscounted.... -

None

Other Liabilities _____

None

Total ____ ---------------------------------------.$317,190.10

94

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE EXCHANGE BANK OF SPRINGFIELD Springfield, Ga.

As called for by the Superintendent of Banks.

J. W. TEBEAU,

J. M. MARCHMAN

President.

Cashier. '

Date of Charter: 12-31-1907

Began Business: 1-1-1908

RESOURCES:

Loans and Discounts___

-----$172,471.09

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 10,000.00

Other Stocks and Bonds owned __

8,500.00

Banking House and Lot

2,500.00

Furniture and Fixtures __

1,000.00

Other Real Estate owned ___

None

Cash in Vault and An1ount due

from approvect Reserve Agents 63,163.81

Checks for Clearing and Due from

other Banks -

None

Cash Items

None

Overdrafts

None

Advance on Cotton and oth12r Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss

None

Other Resources

None

Total

__ $ 2 5 7 , 6 3 4 . 9 0

LIABILITIES:

Capital Stock Capital Notes
Surplus Fund Undivided Profits __ _
Reserve Funds Due to Banks __ Dividends Unpaid Cashitr's Checks

--S 15,ooo.o 0 None
7,500.00 2,000.00
None None None 945.95

Certified Checks Demand Deposits

None 151,300.97

Time Certificates of Deposits_

None

Savings Deposits

80,887.98

Letters of Credit and Acceptances

executed for Customers __

None

Dills Payable

None

Notes and Bills Rediscounted _

None

Other Liabilities

None

Total

________ s2 57,6 34.90

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF STAPLETON Stapleton, Ga.

As called for by the Superintendent of Banks.

J. C. KILGORE,

J. C. KILGORE,

President.

Cashier.

Date of Charter: 9-24-1906

Began Business: 1906

RESOURCES:

Loans and Discounts

_____ $ 29,353.95

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 14,853.13

Other Stocks and Bonds owned ____

None

Banking House and Lot____ _

2,400.00

Furniture and Fixtures __

2,300.00

Other Real f;state owned __ _

3,509.00

Cash in Vault and Amount due

from approved Reserve Agents 14,431.53

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

88.51

Advance on Cotton and other Com

modities

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss ___ _

None

Other Resources

196.81

Total

____________ $ 67,132.93

LIABILITIES:

Capital Stock

_$ 15,000.00

Capital N otcs

None

Surplus Fund

4,000.00

Undivided Profits

563.11

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

4.00

Cashier's Checks ___ -

267.31

Certified Checks

None

Demand Deposits

39,877.84

Time Certificates of Deposits

7,420.67

Savings Deposits

____ _

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted ____

None

Other Liabilities -----

None

Total _________________________________________________ $ 67,132.93

EIGHTEENTH ANNUAL REPORT

95

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BULLOCH COUNTY BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

S. W. LEWIS, President.
Date of Charter: 1-19-1934

W. L. de JARNETTE, Cashier.
Began Business: 4-14-1934

RESOURCES:

Loans and Discounts__

$360,127.57

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 10,000.00

Other Stocks and Bonds owned __

None

Banking House and Lot__

19,000.00

Furniture and Fixtures

2,000.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 121,836.90

Checks for Clearing and due from

other Banks

4,639.30

Cash Items

None

Overdrafts

1,170.66

Ad\ance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances .

None

Profit and Loss

None

Other Resources

None

Total

---- ------$518,77 4.43

LIABILITIES:

Capital Stock

------ _....________ $ 50,000.00

Capital Notes

None

Surplus Fund -----------------

10,000.00

Undidded Profits

14,639.10

Reserve Funds

5,619.48

Due to Banks

None

Dividend::, Unpaid

337.50

Cashier's Checks

1,302.71

Certified Checks

500.00

Demand Deposits

349,255.55

Time Certificates of Deposits

86,967.09

Savings Deposits

153.00

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

________________ $518, 7 7 4.43

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SEA ISLAND BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

C. P. OLLIFF,

C. B. McALLISTER,

President.

Cashier.

Date of Charter: 3-11-1901

Began Business: 1901

RESOURCES:

Loans and Discounts

. _ $232,720.83

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 128,700.00

Other Stocks and Bonds owned ___ _

None

Banking House and Lot __

22,500.00

Furniture and Fixtures

2,000.00

Other Real Estate owned __

7,139.47

Cash in Vault and Amount due

from approved Reserve Agents 97,365.52

Checks for Clearing and due from

other Banks

5,849.50

Cash Items

----- ---------------

None

Overdrafts

- ---- --

None

Advance on Cotton and other Com-

modities --------------------- ------

210,888.98

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ... -------------------Other Resources ____

None None

Total ___________

.. $707,164.30

LIABILITIES:

Capital Stock

_________ $ 50,000.00

Capital Notes

None

Surplus Fund

10,000.00

Unrl.ivicled Profits

10,012.86

Reserve Funds

528.67

Due to Banks __

None

Dividends Unpaid

308.00

Cashier's Checks

9,660.86

Certified Checks ___________ ---- ------

None

Demand Deposits __ ------------------------- 484,857.34

Time Certificates of Deposits __

134,390.48

Savings Deposits

_______ 7,406.09

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted__

None

Other Liabilities

None

Total ------------------ _______________________________ $ 7 0 7,164.3 0

96

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

FARMERS & MERCHANTS BANK

Summerville, Ga.

As called for by the Superintendent of Banks.

N. B. MURPHY,

D. L. McWHORTER,

President.

Cashier.

Date of Charter: 2-5-1926

Began Business: 2-6-1926

RESOURCES:

Loans and Discounts___

_$164,250.21

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 187,519.24

Other Stocks and Bonds owned

13,275.20

Banking House and Lot __

5,100.00

Furniture and Fixtures

1,960.00

Other Rea] Estate owned __

2,990.00

Cash in Vault and Amount due

:rom approved Reserve Agents 261,478.33

Ch(c'eks for Clearing and due from

other Banks

2,639.28

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances _

None

Profit and Loss_

None

Other Resources

None

Total

----- -------- ___ $639,212.26

LIABILITIES:

Capital Stock

------------ _s 25,000.00

Capital Notes

None

Surplus Fund

8,000.00

Undi\ided Profits

8,012.40

Reserve Funds

1,428.07

Due to Banks

None

Divirl.end::; Unpaid

None

Cashier's Checks

2,689.38

Certified Checks

None

Demand Deposits

446,952.71

Time Certificates of Deposits __

147,129.70

Savings Deposits ___ _

None

Letters of Credit and Acceptances

executed for Cu::;tomers __ _

~one

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

--S639,212.26

STATEMENT Showing condition at the close of Business December 31, 1937, of the

DURDEN BANKING COMPANY, INCORPORATED Summitt, Ga.

As called for by the Superintendent of Banks.

B. L. ROUNTREE,

R. W. DURDEN,

President.

Cashier.

Date of Charter: 6-26-1935

Began Business: 7-5-1935

RESOURCES:

Loans and Discounts_

_$ 14,932.92

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot__

2,500.00

Furniture and Fixtures

1,200.00

Other Real Estate owned

3,000.00

Cash in Vault and Amount due

from approved Reserve Agents 20,794.39

Checks for Clearing and due from

other Banks

None

Cash Items

354.92

Overdrafts

None

Advance on Cotton and other Com-

modities

40,089.59

Customers Liability on Letters of

Credit and Acceptances ____ _

None

Profit and Loss

None

Other Resources

None

Total

------$ 82,871.82

LIABILITIES:

Capital Stock

-s 15,000.00

C~pital Notes

None

Surplus Fund

3,000.00

Undivided Profits

6 65.7 5

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

17 7.2 8

Certified Checks

None

Demand Deposits

64,02R.79

Time Certificates of Deposits _____ _

None

Savings Deposits

___________________ _

None

Letters of Credit and Acceptances

executed for Customers ____

None

Bills Payable

None

N oies and BiJls Rediscounted

None

Other Liabilities

None

Total ---

---------------------------- _$ 82,871.82

EIGHTEENTH ANNUAL REPORT

97

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CENTRAL BANK Swainsboro, Ga.

As called for by the Superintendent of Banks.

R. A. FLANDERS,

W. W. FLANDERS,

President.

Cashier.

Date of Charter: 9-27-1920

Began Business: 11-9-1920

RESOURCES:

Loans and Discounts

---------------$167,457.44

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 22.550.00

Other Stocks and Bonds owned __

3,300.00

Banking House and Lot -

8,600.00

Furniture and Fixtures

2,000.00

Other Real Estate owned_

50 7.0 0

Cash in Vault and Amount due

from approved Reserve Agents 129,704.43

Checks for Clearing and due from

other Banks

3,5R9.63

Cash Items

486.40

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances _

None

Profit nnd Loss

None

Other Resources

None

Total

-------- ---$3 38,194.9 0

LIABILITIES:

Capital Stock

_____________ $ 25,000.00

Capital Notes ------------------- __________

None

Surplus Fund

20.000.00

Undivided Profits

131.15

Reserve Funds

None

Due to Banks

None

DiYidends Unpaid

None

Cashier's Checks

1,252.79

Certified Checks

Non~

Demand Deposits -

242,136.38

Time Certificates of Deposits--

49,67 4.58

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

___ $338,194.90

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE CITIZENS BANK OF SWAINSBORO Swainsboro, Ga.

As called for by the Superintendent of Banks.

J. R. COLEMAN,

OTIS G. PRICE,

President.

Cashier.

Date of Charter: 11-10-1900

Began Business: 1900

RESOURCES:

Loans and Discounts

S396,726. 75

State of Georgia and Municipal

Bonds owned

17,410.00

U. S. Government Securities owned 54,500.00

Other Stocks and Bonds owned

None

Banking House and Lot-

None

Furniture and Fixtures _

2,750.00

Other Real Estate owned-

28,302.28

Cash in Vault and Amount due

from approved Reserve Agents 93,099.00

Checks for Clearing and due from

other Banks

None

Cash Items

18.86

Overdrafts

None

Advance on Cotton and other Com-

modities

184,537.42

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources ---------------

None

Total _____

__$777,344.31

LIABILITIES:

Capital Stock Capital Notes

---- ------> 25,000.00 None

Surplus Fund

50,000.00

Undivided Profits _-

None

Reserve Funds

6,351.27

Due to Banks

None

Dividends Unpaid

7,500.00

Cashier's Checks

1,912.48

Certified Checks

None

Demand Deposits

374,070.29

Time Certificates of Deposits __

312,510.27

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities ---

None

Total

____________________ $ 7 77,344.31

98

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

EXCHANGE BANK

Sycamore, Ga.

As called for by the Superintendent of Banks.

0. W. SMITH,

JOHN A. SMITH,

President.

Cashier.

Date of Charter: 3-18-1918

Began Business: 3-18-1918

RESOURCES:

Loans and Discounts _______________________ $ 17,753.27

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned _

None

Banking House and Lot

3.500.00

Furniture and Fixtures

2,745.00

Other Real Estate owned __

1,553.06

Cash in Vault and Amount due

from approved Reserve Agents 23,737.74

Checks for Clearing and due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss ___ _

95.34

Other Resources

None

Total

__________ $ 49,384.41

LIABILITIES:

Capital Stock Capital Notes Surplus Fund
Undivided Profits Reserve Funds Due to Banks ___ _
Diviilends Unpaid Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits __ Savings Deposits Leiters of Credit and Acceptances
Fxecutect for Customers ____ Bills Payable K otes and Bills Rediscounted Other Liabilities

15,000.00 None None None None None None 5.60 None
29,3<15.12 5,033.69 None
None None None None

Total

--~ 49,384.41

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF SCREVEN COUNTY Sylvania, Ga.

As called for by the Superintendent of Banks.

J. A. MILLS,

JOHN A. MILLS, JR.,

President.

Cashier.

Date of Charter: 4-10-1913

Began Business: 5-1-1911

RESOURCES:

Loans and Discounts--

__ $254,877.81

State of Georgia and Municipal

Bonds owned

9,266.00

U. S. Government Securities owned 43,500.00

Other Stocks and Bonds owned_ 34,505.46

Banking House and Lot

None

Furnitu-re and Fixtures

2,000.00

Other Real Estate owned

4,839.94

Cash in Vault and Amount due

from approved Reserve Agents_ 200,044.49

Checks for Clearing and Due from

other Banks

----- -------------

515.42

Cash Items _

175.84

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances _________

None

Profit and Loss _______ _

None

Other Resources ------------------

None

Total

-- --------------- ________ $549, 724.96

LIABILITIES:

Capital Stock

.$ 50,000.00

Capital Notes

None

Surplus Fund

10,000.00

Undivided Profits

19,721.30

Reserve Funds

None

Due to Banks --

None

Dividends Unpaid

None

Cashier's Checks

11,906.92

Certified Checks

None

Demand Deposits

340,600.05

Time Certificates of Deposits

58,309.52

Savings Deposits

54,898.21

Letters of Credit and Acceptances

executed for Customers-----

None

Bills Payable

None

Notes and Bills Rediscounted _______

None

Other Liabilities -----------------------

4,288.96

Total --------

_____ $549, 724.96

EIGHTEENTH ANNUAL REPORT

99

STATEMENT Showing condition at the close of Business December 31, 1937, of the

SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks.

T. C. JEFFORD,

J. H. WESTBERRY, SR.,

President.

Cashier.

Date of Charter: 7-5-1898

Began Business: 7-1898

RESOURCES:

Loans and Discounts

-------------$112,228.78

State of Georgia and Municipal

Bonds owned

11,000.00

U. S. Government Securities owned 40,000.00

Other Stocks and Bonds owned

None

Banking House and Lot

6,000.00

Furniture and Fixtures __

2,500.00

Other Real Estate owned ____

None

Cash in Vault and Amount due

from approved Reserve Agents 385,698.48

Checks for Clearing and Due from

other Banks -----------

None

Cash Items

-- ------------------------------

None

Overdrafts ----- ---------

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

$557,427.26

LIABILITIES :

Capital Stock --------------- _________________ $ 50,000.00

Capital Notes

None

Surplus Fund

25,000.00

Undivided Profits ------------- _____

11,771.51

Reserve Funds

3,554.46

Due to Banks

None

Dividends Unpaid

204.00

Cashier's Checks

2,568.85

Certified Checks

None

Demand Depo:;its

________ 385,330.47

Time Certificates of Deposits

78,997.97

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

---------------------------

Notes and Bills Rediscounted

None None

Other Liabilities

None

Total

--- $557,427.26

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE PEOPLES BANK Talbotton, Ga.

As called for by the Superintendent of Banks.

E. R. MATHEWS,

FANNIE MAHONE,

President.

Cashier.

Date of Charter: 12-13-1890

Began Business: 1-13-1891

RESOURCES:

Loans and Discounts

____ $ 55,163.01

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 65,000.00

Other Stocks and Bonds owned_

None

Banking House and Lot__

4,063.27

Furniture and Fixtures _

1,000.00

Other Real Estate owned ____

2,414.93

Cash in Vault and Amount due

from approved Reserve Agents _ 49,969.54

Checks for Clearing and Due from

other Banks ----

1,270.34

Cash Items --------------------------

None

Overdrafts

------------- --------

None

Advance on Cotton and other Com ...

modities

None

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __

None

Other Resources

None

Total --------------------

.$178,881.09

LIABILITIES:

Capital Stock ____________________________________ $ 25,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits

3,459.84

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

15.00

Cashier's Checks

207.23

Certified Checks

None

Demand Deposits

90,660.66

Time Certificates of Deposits __ _

44,538.36

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers _____ _

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total ---------

$178,881.09

100

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK OF TALLAPOOSA Tallapoosa, Ga.

As called for by the Superintendent of Banks.

W. H. WRIGHT,

W. H. WRIGHT,

President.

Cashier.

Date of Charter: 10-2-1935

Began Business: 10-7-1935

RESOURCES:

Loans and Discounts

______ $ 32.701.81

State of Georgia and Municipal

Bonds owned

- - -------------

3,500.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

2,237.17

Banking House and Lot

2,500.00

Furniture and Fixtures--

1,000.00

Other Real Estate owned_

None

Cash in Vault and Amount due

from approved Reserve Agents 33,575.58

Checks for Clearing and Due from

other Banks -

None

Cash Items ______ _

None

Overdrafts

945.77

Advance on Cotton and other Comw

modities

4,500.00

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss

None

Other Resources

None

Total

_______ $ 80,960.33

LIABILITIES:

Capital Stock ----------------

---------$ 25,000.00

Capital Notes

None

Surplus Fund

4,510.16

Undivided Profits Reserve Funds __

None None

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks

None

Certified Checks

None

Demand Deposits

46,005.17

Time Certificates of Deposits ..

445.00

Saving-s Deposits

5,000.00

Letters of Credit and Acceptances

executed for Customers __

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

____ $ 80,960.33

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF TAYLORSVILLE

Taylorsville, Ga.

As called for by the Superintendent of Banks.

J. I. HARRIS,

M. A. PERRY,

President.

Cashier.

Date of Charter: 6-5-1905

Began Business: 6-13-1905

RESOURCES:

Loans and Dsicounts _

_____ $ 39,401.83

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned --- 5,084.68

Banking House and Lot

1,400.00

Furniture and Fixtures

2,000.00

Other Real Estate owned __

550.00

Cash in Vault and Amount due

from approved Reserve Agents 9,160.94

Checks for Clearing and Due from

other Banks Cash Items ________

None None

Overdrafts

8.06

Advance on Cotton and other Com-

modities

----------------------

44,868.28

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss Other Resources --

None 10.96

Total

---- $102,484.75

LIABILITIES:

Capital Stock

----$ 25,000.00

Capital Notes

None

Surplus Fund

5,000.00

Undivided Profits

3,997.70

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

1,000.00

Cashier's Checks

None

Certified Checks

None

Demand Deposits

47,314.41

Time Certificates of Deposits __

5,17 5.29

Savings Deposits

10,997.35

Letters of Credit and Acceptances

executed for Customers _______ _

None

Bills Payable

4,000.00

Notes and Bills Rediscounted ______

None

Other Liabilities

None

Total

-------- ------------ _$1 02,484.7 5

EIGHTEENTH ANNUAL REPORT

101

STATEMENT Showing condition at the close of Business December 31, 1937, of the

TENNILLE BANKING CO.

Tennille, Ga.

As called for by the Superintendent of Banks.

S. D. MANDEVILLE,

S. D. MANDEVILLE,

President.

Cashier.

Date of Charter: 4-4-1900

Began Business: 4-4-1900

RESOURCES:

Loans and Discounts

__ .5 91,553.83

State of Georgia and Municipal

Bonds owned

13,648.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned....

None

Banking House and Lot -------------------

None

Furniture and Fixtures __

1,250.00

Other Real Estate owned

4,050.00

Cash in Vault and Amount due

from approved Reserve Agents_ 36,249.85

Checks for Clearing and Due from

other Banks

1,986.33

Cash Items -------------------------

None

Overdrafts

1,472.17

Advance on Cotton and other Com-

modities ----------------------

73,618.19

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss --- ------------------

None

Other Resources ----------------

None

Total

.$223,828.37

LIABILITIES:

Capital Stock

____ $ 30,000.00

Capital Notes ________________________ _

6,000.00

Surplus Fund

4,435. 76

Undivided Profits

None

Reserve Funds

None

Due to Banks

None

Dividends Unpaid

1,500.00

Cashier's Checks

1,784.95

Certified Checks

None

Demand Deposits

119,811.15

Time Certificates of Deposits __

36,902.83

Savings Deposits

23,393.68

Letters of Credit and Acceptances

execnted for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted_

None

Other Liabilities

None

Total

____ $22 3,828.37

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS AND SOUTHERN BANK

Thomaston, Ga.

As called for by the Superintendent of Banks.

JAMES R. ATWATER,

H. W. WHEELESS,

President.

Cashier.

Date of Charter: 1-16-26

Began Business: 1-16-26

RESOURCES:

Loans and Discounts ________________________ $8i>1, 794.71

State of Georgia and Municipal

Bonds owned

4,150.00

U. S. Government Securities owned 109,545.00

Other Stocks and Bonds owned __ . 30,210.00

Banking House and Lot_ _____

10,000.00

Furniture and Fixtures ----------------- 3,444.18

Other Real Estate owned __ _

36,283.07

Cash in Vault and Amount due from approved Reserve Agents 178,905.75

Checks for Clearing and Due from

other Banks -- -------------- ---
Cash Items -------------------Overdrafts --- -------------------

1,505.51 None None

Advance on Cotton and other Commodities

None

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss -Other Resources __ _

None 63.59

Total

_______ $1,235,901.81

LIABILITIES:

Capital Stock

---------$1 iJO,O 00.00

Capital Notes

None

Surplus Fund

25,000.00

Undivided Profits

8,475.28

Reserve Funds

127.58

Due to Banks ___ _

None

Dividends Unpaid

4,000.00

Cashier's Checks _______

7,058.39

Certified Checks

853.12

Demand Deposits

801,716.43

Time Certificates of Deposits ________ 109,658.74

Savings Deposits

179,012.27

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

---------- _______

None

Notes and Bills Rediscounted ________

None

Other Liabilities ------

None

Total

---------------- ----- $1,235,901.81

102

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF THOMAS COUNTY Thomasville, Ga.

As called for by the Superintendent of Banks.

W. F. SCOTT,

H. B. GURLEY,

President.

Cashier.

Date of Charter: 2-5-1937

Began Business: 2-15-1937

RESOURCES:

Loans and Discounts...

.. ........ $196,312.88

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 55,153.1-1

Other Stocks and Bonds owned.

4,868. 75

Banking House and Lot ___

None

Furniture and Fixtures

4,140.76

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents.... 243,254.18

Checks for Clearing and Due from

other Banks

8,216.43

Cash Items .

None

Overdrafts

None

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances--

None

Profit and Loss

-----------------

None

Other Resources

----------------

None

Total

.... $511,946.14

LIABILITIES:

Capital Stock

.. $ 50,000.00

Capital Notes

None

Surplus Fund

10,000.00

Unrlivided Profits

550.02

Reserve Funds Due to Banks __

None None

Dividends Unpaid

None

Cashiers Checks

2,197.93

Certified Checks .......

None

Demand Deposits

386,196.56

Time Certificates of Deposits __ - 11,651.61

Savings Deposits

51,350.02

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

.....................

None

Notes and Bills Rediscounted ___

None

Other Liabilities

None

Total

.._.. $511,946.14

STATEMENT Showing condition at the close of Business December 31, 1937, of the

COMMERCIAL BANK Thomasville, Ga.

As called for by the Superintendent of Banks.

J. TRUMAN HOLLAND,

W. J. MILLER, JR.,

President.

Cashier.

Date of Charter: 7-3-1916

Began Business: 7-22-1916

RESOURCES:

Loans and Discounts..

... $673,751.49

State of Georgia and Municipal

Bonds owned

33,962.30

U. S. Government Securities owned 127,097.81

Other Stocks and Bonds owned 134,567.49

Banking House and Lot

39,000.00

Furniture and Fixtures __ -

8,619.00

Other Real E;tate owned

6,400.00

Cash in Vault and Amount due

from approved Reserve Agents.. 510,420.02

Checks for Clearing and Due from

other Banks

..._....................... 30,053.05

Cash Items

.......................-...

None

Overdrafts

135.90

Advance on Cotton and other Com-

modities

59,607.07

Customers Liability on Letters of

Credit and Acceptances ___________

None

Profit and Loss ....

. ........_______

None

Other Resources

435.17

Total

.. $1,624,049.30

LIABILITIES:

Capital Stock

..-... $ 50,000.00

Capital Notes

None

Surplus Fund

50,000.00

Undivided Profits

15,169.78

Reserve Funds

None

Due to Banks __ _

44,100.21

Dividends Unpaid

55.00

Cashier's Checks

3,811.99

Certified Checks

35.00

Demand Deposits

995,405.68

Time Certificates of Deposits ____ _ 19,339.34

Savings Deposits

446,132.30

Letters of Credit and Acceptances

executed for Customers _____ _

None

Bills Payable

None

Notes and Bills Rediscounted ______ _

None

Other Liabilities .. ..................._.

None

Total

....................____.. $1' 62 4, 0 49. 3 0

EIGHTEENTH ANNUAL REPORT

103

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF THOMSON Thomson, Ga.

As called for by the Superintendent of Banks.

J. E. WILKERSON,

E. C. HAWES,

President.

Cashier.

Date of Charter: 7-18-1891

Began Business: 7-18-1891

RESOURCES:

Loans and Discounts______

.......... $111,259. 77

State of Georgia and Municipal

Bonds owned

___________ _ 66,872 . 02

u. S. Government Securities owned 85,761.56

Other Stocks and Bonds owned.... 75,625.16

Banking House and Lot. ____________ _

11,400.00

Furniture and Fixtures

3,500.00

Other Real Estate owned _________

7,828.76

Cash in Vault and Amount due

from approved Reserve Agents 239,281.60

Checks for Clearing and Due from

other Banks

2, 793.68

Cash Items ------------------------------- _

None

Overdrafts

14.79

Advance on Cotton and other Com-

modities ---- -- ----------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss ----

None

Other Resources

3,754.47

Total

--------------------- ---------------- ........ $ 6 0 8' 091.81

LIABILITIES:

Capital Stock ------------------------ _.._______ $ 50,000.00

Capital Notes

None

Surplus Fund

50,000.00

Undivided Profits

---------------------- 19,302.88

Reserve Funds ---- ------------------

None

Due to Banks __ -----------------

None

Dividends Unpaid

4,048.00

Cashier's Checks __ -----------------

725.99

Certified Checks -----------------------

3.47

Demand Deposits

-~--- _________ _ 305,201.90

Time Certificates of Deposits __ 178,809.57

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers _

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities ------------------------------

None

Total

------------------------- _________________ $ 6 0 8, 091.81

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF TIFTON

Tifton, Ga.

As called for by the Superintendent of Banks.

E. P. BOWEN, SR.,

B. H. McLEOD,

President.

V.P. & Cash.

Date of Charter: 10-101891

Began Business: 1896

RESOURCES:

Loans and Discounts.

.... $764,157.38

State of Georgia and Municipal

Bonds owned

----

26,117.91

U. S. Government Securities owned 99,825.00

Other Stocks and Bonds owned.... 62,038.86

Banking House and LoL-~--------------- 25,653.35

Furniture and Fixtures ____ _

None

Other Real Estate owned ____________ _ 29,135.69

Cash in Vault and Amount due

from approved Reserve Agents 698,625.68

Checks for Clearing and Due from

other Banks

24,300.70

Cash Items ------------------------------

1,041.21

Overdrafts

486.70

Advance on Cotton and other Com-

modities

-------

None

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

-- .$1, 731,382.48

LIABILITIES:

Capital Stock Capital Notes

_______________-_-_-__.._._. $100,00N0o.0n0e

Surplus Fund

150,000.00

Undivided Profits __

72,091.97

Reserve Funds

1,000.00

Due to Banks....

201,598.70

Dividends Unpaid - -----------------------

360.00

Cashier's Checks

4,223.19

Certified Checks

-----------------------

188.25

Demand Deposits

--------~-------------- 816,531.63

Time Certificates of Deposits

218,556.78

Savings Deposits

-------------------- 166,831.96

Letters of Credit and Acceptances

executed for Customers -------------

None

Bills Payable

None

Notes and Bills Rediscounted...

None

Other Liabilities ---------------------- -

None

Total ---- ---------------- -------------------- $1 '7 31' 3 8 2.4 8

104

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE FARMERS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

JOSEPH KENT,

T. A. MITCHELL, JR.

President.

Cashier.

Date of Charter: 12-21-1936

Began Business: 2-24-1937

RESOURCES:

Loans and Discounts ______

- $ 97,230.92

State of Georgia and Municipal

Bonds owned --------------------

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __ _

None

Banking House and Lot__

7,000.00

Furniture and Fixtures ... ---------------- 3,000.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents 21,700.85

Checks for Clearing and Due from

other Banks __

2,542.14

Cash Items --------------------

None

Overdrafts

78.72

Advance on Cotton and other Com-

modities

-----------------

3,182.40

Customers Liability on Letters of

Credit and Acceptances ________________

None

Profit and Loss

None

Other Resources

9,603.49

Total

$144,338.52

LIABILITIES:

Capital Stock

Capital Notes

Surplus Fund

Undivided Profits

Reserve Funds

Due to Banks

Dividends Unpaid

Cashier's Checks

Certified Checks

Demand Deposits

Time Certificates of Deposits

Savings Deposits

Letters of Credit and Acceptances

executed for Customers

Bills Payable

- ------------~---------

Notes anrl Bills Rediscounted __

Other Liabilities ----------------------------

50,000.00 None
10,000.00 None
9,691.26 None None
291.31 None
61,753.49 6,843.94 5,350.67
None None None 407.85

Total

~ _____________ $144,338.52

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF TIGNALL Tignall, Ga.

As called for by the Superintendent of Banks.

C. D. BOLTON,

L. D. WARE,

President.

Cashier.

Date of Charter: 7-5-1909

Began Business: 8-1909

RESOURCES:

Loans and Discounts .

_________ $ 42,673.30

State of Georgia and Municipal

Bonds owned __

----------------

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ___ _

500.00

Banking House and Lot ____

4,000.00

Furniture and Fixtures ------

1,000.00

Other Real Estate owned--~-~---

2,500.00

Cash in Vault and Amount due

from approved Reserve Agents __ 17,737.16

Checks for Clearing and Due from

other Banks ------------------------------ 1,708.03

Cash Items

None

Overdrafts __

196.75

Advance on Cotton and other Com-

modities

------------------

42,503.47

Customers Liability on Letters of

Credit and Acceptances ..------------

None

Profit and Loss

None

Other Resources

None

Total

------- _$112,818.71

LIABILITIES:

Capital Stock Capital Notes Surplus Fund Undivided Profits Reserve Funds Due to Banks __ _
Dividends Unpaid Cashier's Checks Certified Checks Demand Deposits Time Certificates of Deposits _______
Savings Deposits ---- ---------------- Letters of Credit and Acceptances
executed for Customers Bills Payable Notes and Bills Rediscounted _______
Other Liabilities ------------------------------

25,000.00 5,000.00 1,000.00 23.75 None None None 40.90 None
56,388.31 25,365.75
None
None None None None

Total -------------------------------

------ $112,818.71

EIGHTEENTH ANNUAL REPORT

105

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF TOCCOA Toccoa, Ga.

As called for by the Superintendent of Banks.

J. H. CURTIS,

R. C. HARDING,

President.

Cashier.

Date of Charter: 8-10-1911

Began Business: 9-1-1911

RESOURCES:

Loans and Discounts _____________________$230,345.14

State of Georgia and Municipal Bonds owned
U. S. Government Securities owned
Other Stocks and Bonds owned __ _ Banking House and Lot_
Furniture and Fixtures Other Real Estate owned _
Cash in Vault and Amount due from approved Reserve Agents

11,637.50 60,000.00
None None 3,240.00 5,137.80
87,625.99

Checks for Clearing and Due from
other Banks Cash Items Overdrafts ------------- --------------------Ad. vance on Cotton and other Com-
modities Customers Liability on Letters of
Credit and Acceptances_~ Profit and Loss ___ _
Other Resources

None None None
38,448.03
None None None

Total

_______ $436,43 4.46

LIABILITIES:

Capital Stock ____________________________ $ 25,000.00

Capital Notes

25,000.00

Surplus Fund

10,000.00

Undivided Profits __

5,094.12

Reserve Funds

5,000.00

Due to Banks

None

Dividends Unpaid

None

Cashier's Checks ---

213.58

Certified Checks

None

Demand Deposits

282,434.74

Time Certificates of Deposits __

1,000.00

Savings Deposits

82,692.02

Letters of Credit and Acceptances

pxecuted for Customers

None

Bills Payable

None

Notes and Bills Rediscounted __

None

Other Liabilities

None

Total

_____________ $43 6,43 4.46

STATEMENT Showing condition at the close of Business December 31, 1937, of the

WILKINSON COUNTY BANK Toomsboro, Ga.

As called for by the Superintendent of Banks.

F. B. CHAMBERS,

H. E. STEPHENS,

President.

Cashier.

Date of Charter: 7-16-1907

Began Business: 7-16-1907

RESOURCES:

Loans and Discounts ______________________ $ 68,282.02

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __ 3,000.00

Banking House and Lot -------

5,500.00

Furniture and Fixtures __ ----------------

284.00

Other Real Estate owned ________ _

22,189.16

Cash in Vault and Amount due

from approved Reserve Agents 46,7 46.02

Checks for Clearing and Due from

other Banks -----------------------------

None

Cash Items

-----------------

67.61

Overdrafts

----------

149.91

Advance on Cotton and other Com-

modities _____

_ _ -------------------

90.94

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss __ _

None

Other Resources

None

Total -----------------------------------------------$14 6, 3 0 9. 6 6

LIABILITIES:

Capital Stock

__ $ 15,000.00

Capital Notes __ ------ ----------

10,000.00

Surplus Fund

None

Undivided Profits

3,014.72

Reserve Funds ---

1,200.00

Due to Banks --------------------

None

Dividends Unpaid

None

Cashier's Checks

1,528.00

Certified Checks

None

Demand Deposits

80,709.79

Time Certificates of Deposits __

34,857.15

Savings Deposits --------- ---------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted ________

None

Other Liabilities

None

Total -------

___ $146,309.66

106

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF TRION Trion, Ga.

As called for by the Superintendent of Banks.

BENJ. D. REIGEL,

GRADY W. COLE,

President.

Cashier.

Date of Charter: 10-16-1912

Began Business: 12-17-1912

RESOURCES:

Loans and Discounts__ ___________ $108,342.93

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned 113,275.00

Other Stocks and Bonds owned ___ _

None

Banking House and Lot-------------------

None

Furniture and Fixtures __

652.00

Other Real Estate owned __

4, 7 46.00

Cash in Vault and Amount due

from approved Reserve Agents 137,615.29

Checks for Clearing and Due from

other Banks ------------------

None

Cash Items

----------------------

None

Overdrafts

----- -------------

None

Advance on Cotton and other Com-

modities

------------------

4,411.65

Customers Liability on Letters of

Credit and Acceptances __

None

Profit and Loss _ ------ ----------------

None

Other Resources -------------------

12,220.86

Total

_____ $3 81,263.7 3

LIABILITIES:

Capital Stock

---------------- ----$ 25,000.00

Capital Notes

-----------------

None

Surplus Fund ------------------

25,000.00

Undivided Profits ----------------------

10,317.16

Reserve Funds --------

1,181.00

Due to Banks

---------------------

None

DiYidends Unpaid -----------------

None

Cashier's Checks -----------------

3,302.09

Certified Checks -----------------------

None

Demand Deposits

179,981.41

Time Certificates of Deposits__

135,046.57

Savings Deposits

1,435.50

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable -- --------------------

None

Notes and Bills Rediscounted ____

None

Other Liabilities

None

Total

----------------- --------$381,2 63.7 3

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF TUCKER Tucker, Ga.

As called for by the Superintendent of Banks.

P. K. BURNS,

L. S. BURNS,

President.

Cashier.

Date of Charter: 10-29-1919

Began Business: 12-30-1919

RESOURCES:

Loans and Discounts -

State of Georgia and Municipal

Bonds owned --U. S. Government Securities owned

Other Stocks and Bonds owned __

Banking House and Lot---------Furniture and Fixtures __

Other Real Estate owned

Cash in Vault and Amount due

from approved Reserve Agents

Checks for Clearing and Due from

other Banks --------------------

Cash Items ------------

Overdrafts

Advance on Cotton and other Com-

modities

-------------------

Customers Liability on Letters of

Credit and Acceptances_

Profit and Loss--------- -----------------------

Other Resources --------------------

61,516.23
None None None 2,250.00 1,500.00 1,200.00
26,000.17
44.78 144.67 239.78
1,071. 73
None None None

Total ________ ----------------------------------- ____ $ 93,967.36

LIABILITIES:

Capita] Stock

--------- -------------- ---$ 15,000.00

Capital Notes

7,500.00

Surplus Fund

3,000.00

Undivided Profits

588.14

Reserve Funds -------------------

1,200.00

Due to Banks------------------------------------

None

Dividends Unpaid

608.00

Cashier's Checks ----------

179.22

Certified Checks

None

Demand Deposits -----

41,891.62

Time Certificates of Deposits -------- 7,222.03

Savings Deposits

--------~-------

16,778.35

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

-- ----------------

None

Notes and Bills Rediscounted.

None

Other Liabilities -----------------

None

Total -------------------------------------- _________$ 9 3, 9 6 7.3 6

EIGHTEENTH ANNUAL REPORT

107

STATEMENT Showing condition at the close of Business December 31, 1937, of the

EXCHANGE BANK OF UNADILLA Unadilla, Ga.

As called for by the Superintendent of Banks.

E. H. CONNER, President.
Date of Charter: 4-19-1935

T. E. WOODRUFF, Cashier.
Began Business: 4-22-1935

RESOURCES:

Loans and Discounts

__________ $ 44,317.34

state of Georgia and Municipal

Bonrls owned

1,000.00

U. S. Government Securities owned

None

Other Stocks and Bonds owned ____

None

Banking House and Lot-------

1,900.00

Furniture and Fixtures __

900.00

Other Real Estate owned __

None

Cash in Vault and Amount due

from approved Reserve Agents 22,856.15

Checks for Clearing and Due from

other Banks

----------------

118.31

Cash Items Overdrafts

98.30 None

Advance on Cotton and other Com-

modities

30,242.23

Customers Liability on Letters of

Credit and Acceptances--

None

Profit and Loss Other Resources -------------------- _

None None

Total

- _________ $1 01,4 3 2.33

LIABILITIES:

Capital Stock

--------$ 15,000.00

Capital Notes _----------------

None

Surplus Fund

5,000.00

Undivided Profits

1,012.41

Reserve Funds ---------------------

None

Due to Banks _

None

Dividends Unpaid

96.00

Cashier's Checks

432.66

Cprlified Checks

None

Demand Deposits

48,395.41

Time Certificahs of Deposits--

31,495.85

Savings Deposits

None

Letters of Credit and Acceptances

executed lor Customers __

None

Bills Payable

None

Notes and Bills Rediocounted

None

Other Liabilities

None

Total

_________ $1 01,4 3 2.3 3

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF UNION POINT Union Point, Ga.

As called for by the Superintendent of Banks.

H. LAMB,

R. B. RHODES,

President.

Cashier.

Date of Charter: 5-15-1911

Began Business: 5-1911

RESOURCES:

Loans and Discounts .---------------------$14 2, 7 4 0. 8 0

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned ____

None

Banking House and Lot-_

1,842.00

Furniture and Fixtures ___ _

176.87

Other Real Estate owned _--------

5,622.44

Cash in Vault and Amount due

from approved Reserve Agents 24,122.12

Checks for Clearing and Due from

other Banks ----------------------------------

112.70

Cash Items --------------------

None

Overdrafts ---------

-------------------

Advan~~ on Cotton and other Com-

8.03

modities ---------------------------------------- 2 0, 8 9 5.2 6

Customers Liability on Letters of

Credit and Acceptances Profit and Loss __________________________________

None None

Other Resources _________ --------------------

None

Total --------------------------------- ______________ $19 5,5 2 0.2 2

LIABILITIES:

Capital Stock -- ----------------

_$ 25,000.00

Capital Notes __

None

Surplus Fund _______ ------------

25,000.00

Undivided Profits ____

1,443.09

Reserve Funds

------------------

1,000.00

Due to Banks _-----------------------

None

Dividends Unpaid ---------------------------- 1,075.00

Cashier's Checks __ _

280.59

Certified Checks

_______ ---------

None

Demand Deposits ----------------- ____ 127,506.44

Time Certificates of Deposits __

None

Savings Deposits ------------------ ----------- 14,215.10

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable ------------------ ____ ----------

None

Notes and Bills Rediscounted _______ _

None

Other Liabilities ------------------------------

None

Total

____________ $195,520.22

108

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE FARMERS BANK Union Point, Ga.

As called for by the Superintendent of Banks.

B. W. BOYD,

A. J. STEWART

President.

Cashier. '

Date of Charter: 9-6-1911

Began Business: 9-6-1911

RESOURCES:

Loans and Discounts .

____________ $ 83.241.47

State of Georgia and Municipal

Bonds owned

5,418.00

U. S. Government Securities owned 11,370.52

Other Stocks and Bonds owned __ 3,950.60

Banking House and Lot__

2.200.00

Furniture and Fixtures----------------

800.00

Other Real Estate owned __

5,331.75

Cash in Vault and Amount due

from approved Reserve Agents 35,251.21

Checks for Clearing and Due from

other Banks ------ --------------------------

None

Cash Items

325.00

Overdrafts

-------------------------

71.98

Advance on Cotton and other Com-

modities ---------- -----

4,030.49

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss..

None

Other Resources -------------------

None

Total

___ $151,991.02

LIABILITIES:

Capital Stock

_______ s 15,000.00

Capital Notes ---- -------------- ------Surplus Fund ________________

10.275.00 2,000.00

Undivided Profits

2,701.97

Reserve Funds

1.200.00

Due to Banks __

None

Dividends Unuaid Cashier's Che~ks

33.00 425.4!

Certified Checks

None

Demand Deposits ------------------ _

73,814.07

Time Certificates of Deposits

3.652.45

Savings Deposits

42,889.12

Letters of Credit and Acceptances

exeeuted for Customers _____ _

Nona

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities

None

Total

--------- _____________ $151.(191.02

STATEMENT Showing condition at the close of Busines!Y December 31, 1937, of the

DARBY BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks.

J. F. DARBY, SR.,

0. C. EIDSON,

President.

Cashier.

Date of Charter: 6-22-1934

Began Business: 6-29-1934

RESOURCES:

Loans and Discounts _

_________ $111,638.85

State of Georgia and 11unicipal

Bonds owned U. S. Government Securities owned

283.75 5,000.00

Other Stocks and Bonds owned ____ 100.00

Banking House and Lot--------Furniture and Fixtures Other Real Estate owned----------

9,000.00 7 50.0 0
5,50 0.00

Cash in Vault and Amount due

from approved Reserve Agents__ 51,198.01

Checks for Clearing and Due from

other Banks ----

Cash Items

-------------------~--

2,146.10 None

Overdrafts --------------------------------- -

None

Advance on Cotton and other Com-

modities

72,088.55

Customers Liability on Letters of

Credit and Acceptances Profit and Loss --~ -------~~------- Other Resources ----------------------------

None None None

Total ____ ---------------- ---------------------------$2 57,7 0 5. 2 6

LIABILITIES:

Capital Stock

----- __________ $ 25.000.00

Capital Notes

8.600.00

Surplus Fund ------------------

Undivided Profits

________________ _

7,047.47 None

Reserve Funds

2.559.7 4

Due to Banks __

None

Dividends Unpaid ------------------------

None

Cashier's Checks

531.69

Certified Checks

12.57

Demand Deposits

169,896.14

Time Certificates of Deposits ___ _ 41.628.27

Savings Deposits

None

Letters of Credit and Acceptances executed for Customers _____________ _

None

Bills Payable

None

Notes and Bills Rediscounted _______ _

None

Other Liabilities ------------------------------ 2,429.38

Total __ -----------------~---- -------------------- __ $ 2 57,7 0 5. 2 6

EIGHTEENTH ANNUAL REPORT

109

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK Vienna, Ga.

As called for by the Superintendent of Banks.

J. B. WALTON,

W. G. WILLIAMSON,

President.

Cashier.

Date of Charter: 6-30-1931

Began Business: 7-1-1931

RESOURCES:

Loans and Discounts

........ $108,171.24

State of Georgia and Municipal

u. Bso. nGdsovoewrnn1endent Securities O\vned

None 17,150.00

Other Stocks and Bonds owned..

None

Banking House and Lot__

3,625.00

Furniture and Fixtures _______ _

600.00

Other Real Estate owned

None

Cash in Vault and Amount due

from approved Reserve Agents 61,136.32

Checks for Clearing and Due from

other Banks .

3,415.71

Cash Items

10.25

Overdrafts

None

Advance on Cotton and other Com-

modities

34,957.96

Customers Liability on Letters of

Credit and Acceptances ___ _

None

Profit and Loss ..

None

Other Resources

None

Total ..

................................... $229,066.48

LIABILITIES:

Capital Stock - ---------------

---S 25,000.00

Capital Notes

13,200.00

Surplus Fund

5,000.00

Undivided Profits

11,622.85

Reserve Funds

265.90

Due to Banks

None

Dividends Unpaid

467.52

Cashier's Checks

1,210.16

Certified Checks ______ .................

None

Demand Deposits

135,943.56

Time Certificates of Deposits

36,356.49

Savings Deposits -----------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

________________ _

None

Kates and Bil!s Rediscounted

None

Other Liabilities ------------------------------

None

Total

. ----- ----- ---------- ................... $229,0 66.48

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF VILLA RICA Villa Rica, Ga.

As called for by the Superintendent of Banks.

S. C. DOBBS,

R. R. RICHARDSON,

President.

Cashier.

Date of Charter: 5-4-1899

Began Business: 5-1899

RESOURCES:

Loans and Discounts.. _______________ $150,648.34

State of Georgia and Municipal

Bonch; owned

8,983.90

U. S. Government Securities owned 82,897.54

Other Stocks and Bonds owned_ Banking House and Lot-__________ Furniture and Fixtures ___________

14,7 50.00 4,850.00 2,341.42

Other Real Estate owned.--------------- 28,462.80

Cash in Vault and Amount due

from approved Reserve Agents 73,152.fl2

Checks for Clearing and Due from

other Banks

10,000.00

Cash Items .. --------------------------

None

Overdrafts ---------------------------------------Advance on Cotton and other Com-

None

modities ------------------------ --------- 187,5 53.25

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss ...... -----------------------

None

Other Resources -----------------

458.73

Total

... $564,098.90

LIABILITIES:

Capital Stock

--------------- .......... $ 50,000.00

Capital Notes

None

Surplus Fund

9,000.00

Undivided Profits ..

908.69

Reserve Funds __

_ ------------------

None

Due to Banks__

None

Dividends Unpaid

None

Cashier's Checks ------------------

5,828.09

Certified Checks ---------------

None

Demand Deposits

_____ - 374,935.09

Time Certificates of Deposits

98,427.03

Savings Deposits --------------------- ____

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

25,000.00

Notes and Bills Rediscounted ________

None

Other Liabilities .. ---------------

None

Total

-------------------------------------------$56 4,0 9 8. 9 0

110

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF WADLEY Wadley, Ga.

As called for by the Superintendent of Banks.

DR. J. D. PEACOCK,

B. A. WATSON

President.

Cashier. '

Date of Charter: 1-29-1902

Began Business: 1-1902

RESOURCES:

Loans and Discounts___

____ $113,116.26

State of Georgia and Municipal

Bonds owned

__

None

U. S. Government Securities owned 10,000.00

Other Stocks and Bonds owned __

None

Banking House and Lot. _____ _

3,000.00

Furniture and Fixtures ..

2,000.00

Other Real Estate owned __

11,716.90

Cash in Vault and Amount due

from approved Reserve Agents 60,696.61

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

None

Advance on Cotton and other Com-

modities

10,965.23

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss

None

Other Resources

None

Total

$211,495.00

LIABILITIES:

Capital Stock Capital Notes

____ $ 25,000.00 10,000.00

Surplus Fund

5,000.00

Undivided Profits

7,060.1!

Reserve Funds ----------------

1,988.1!

Due to Banks __

None

Divid('nds Unpaid

None

Cashier's Checks --------------------------

590.66

Certified Checks

None

Demand Deposits

100,770.10

Time Certificates of Deposits

13,900.00

Savings Deposits

47,186.02

Letters of Credit and Acceptances

executed for Customers Bills Payable

None None

Notes and Bills Rediscounted Other Liabilities ----------------- ____________

None None

Total

---- ---------- ---- -----------$211,49 5.00

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK Warrenton, Ga.

As called for by the Superintendent of Banks.

DENHAM CASON,

R. F. FO\VLER,

President.

Cashier.

Date of Charter: 4-14-1902

Began Business: 4-1902

RESOURCES:

Loans and Discounts___

____ $425,260.13

State of Georgia and Municipal

Bonds owned

45,573.96

U. S. Government Securities owned 147,983.14

Other Stocks and Bonds owned ___ _ 25,329.50

Banking House and Lot_ ___ Furniture and Fixtures ________________

8,975.44 5,587.40

Other Real Estate owned __ _

5,196.01

Cash in Vault and Amount due

from approved Reserve Agents 289,770.35

Checks for Clearing and Due from

other Banks ----

11.92

Cash Items

None

Overdrafts

286.14

Advance on Cotton and other Com-

modities

None

Customers Liability on Letters of

Credit and Acceptances_

None

Profit and Loss ____

None

Other Resources ____

None

Total

__________$953,97 3.99

LIABILITIES:

Capital Stock

----------------------$ 50,000.00

Capital Notes

None

Surplus Fund

25,000.00

Undivided Profits

30,957.57

Reserve Funds

13,557.82

Due to Banks __

None

Dividends Unpaid

250.00

Cashier's Checks

2,960.88

Certified Checks

500.00

Demand Deposits -----

830,747.72

Time Certificates of Deposits ___ _

None

Savings Deposits

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted_. ______

None

Other Liabilities ---------

None

Total _______________

_______________$ 9 5 3,9 7 3.99

EIGHTEENTH ANNUAL REPORT

111

STATEMENT Showing condition at the close of Business! December 31, 1937, of the

WASHINGTON LOAN & BANKING CO. Washington, Ga.

As called for by the Superintendent of Banks.

T. J. BARKSDALE,

T. J. BARKSDALE,

President.

Cashier.

Date of Charter: 9-7-1891

Began Business: 5-1-1895

RESOURCES:

Loans and Discounts~--

------~---$291,641.36

State of Georgia and Municipal

Bonds owned

----------------- 113,519.72

U. S. Government Securities owned 72,300.00

Other Stocks and Bonds owned____ 213,000.00

Banking House and Lot___

None

Furniture and Fixtures __

2, 700.00

Other Real Estate owned _______________ _ 2,500.00

Cash in Vault and Amount due

from approved Reserve Agents 124,283.86

Checks for Clearing and Due from

other Banks ______ ------------------~------ 4,779.27

Cash Items

None

Overdrafts

------------~-----

67.09

Advance on Cotton and other Com-

modities ------ ------------- ------------------

None

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss _

None

Other Resources ------------------------------

None

Total

--------------------- -------------------- $8 2 4, 791.3 0

LIABILITIES:

Capital Stock

---------------- ________ $ 50,000.00

Capital Notes

--------------------------

None

Surplus Fund ----------------------------------- 50,000.00

Undivided Profits

54,694.47

Reserve Funds

None

Due to Banks __

3,111.25

Dividends Unpaid

None

Cashier's Checks

5,015.10

Certified Checks __ -------------------------

None

Demand Deposits --- --------------

404,37 4.02

Time Certificates of Deposits ____ 52,221.61

Savings Deposits

175,374.85

Letters of Credit and Acceptances

executed for Customers ________________

None

Bills Payable ------------------------

30,000.00

Notes and Bills Rediscounted ________

None

Other Liabilities ------------

None

Total

_________________________ $ 8 2 4, 791.3 0

STATEMENT Showing condition at the close of Business December 31, 1937, of the

COMMERCIAL BANK Waycross, Ga.

As called for by the Superintendent of Banks.

L. B. HARRELL,

J. M. NORMAN,

President.

V.P. & Cash.

Date of Charter: 10-15-1918

Began Business: 10-30-1918

RESOURCES:

Loans and Discounts___

______ $ 2 7 3 , 5 8 5 . 3 9

State of Georgia and Municipal

Bonds owned ------------------

15,592.10

U. S. Government Securities owned 357,035.20

Other Stocks and Bonds owned.... 25,118.15 Banking House and Lot ___________________ 18,240.00

Furniture and Fixtures__ -----

6,000.00

Other Real Estate owned ________________ 2,000.00

Cash in Vault and Amount due

from approved Reserve Agents 768,675.42

Checks for Clearing and Due from

other Banks --------------------

5,636.44

Cash Items ------------------------------------Overdrafts --------------------------------

134.50 None

Advance on Cotton and other Com

modities --------------------- -----------------Customers Liability on Letters of
Credit and Acceptances_.____________

None None

Profit and Loss __ -----------------------------

None

Other Resources --------------------------

332.67

Total ---------------------------------------------$1,47 2, 3 49. 8 7

LIABILITIES:

Capital Stock ------------------------------------$ 50,000.00

Capital Notes -----------------------------------

None

Surplus Fund ----------------------------------- 10,000.00

Undivided Profits ---- ----------------- 54,262.58

Reserve Funds ---- --------------------------- 5,513.87

Due to Banks ----

50,000.00

Dividends Unpaid ---------------------------- 1,000.00

Cashier's Checks -------------------------

12,651.20

Certified Checks ---------------

None

Demand Deposits

820,408.05

Time Certificates of Deposits ________

165.00

Savings Deposits __

468,349.17

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable

None

Notes and Bills Rediscounted________

None

Other Liabilities ---------------------------

None

Total

112

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF WAYNESBORO Waynesboro, Ga.
As called for by the Superintendent of Banks.

Date of Charter: 12-16-1890

Began Business: 1891

RESOURCES:

Loans and Discounts ___ ----------------$175,857.50

State of Georgia and Municipal

Bonds owned

None

U. S. Government Securities owned

None

Other Stocks and Bonds owned __

None

Banking House and Lot-~---

None

Furniture and Fixtures--

2,000.00

Other Real Estate owned

16,155.7 5

Cash in Vault and Amount due

from approved Reserve Agents 33,069.67

Checks for Clearing and Due from

other Banks

None

Cash Items

None

Overdrafts

_______ -------- _

None

Advance on Cotton and other Com-

modities ____________ --------- --------- --------

None

Customers Liability on Letters of

Credit and Acceptances ____

None

Profit and Loss _ ----- -------------

None

Other Resources

15,000.00

Total

..... $242,082.92

LIABILITIES:

Capital Stock

----------------------------$ 50,000.00

Capital Notes

20,000.00

Surplus Fund

10,000.00

Undivided Profits

719.42

Reserve Funds

----------------------

Due to Banks _______ -------------------- _____

None None

Dividends Unpaid ----------------------------

None

Cashier's Checks ------------------------------

781.96

Certified Checks ________ --------------------

None

Demand Deposits

______ _ 73,580.53

Time Certificates of Deposits________

None

Savings Deposits

_____ ---------- 60,432.15

Letters of Credit and Acceptances

executed for Customers ______ _

Bills Payable

________________ _

None 26,568.86

Notes and Bills Rediscounted........

None

Other Liabilities

----------------

None

Total

------------------------------------$242,082.92

STATEMENT Showing condition at the close of Business December 31, 1937, of the

CITIZENS BANK AND TRUST CO. West Point, Ga.

As called for by the Superintendent of Banks.

WILLIS JOHNSON,

H. C. SAPP,

President.

Cashier.

Date of Charter: 2-17-1917

Began Business: 3-17-1917

RESOURCES:

Loans and Discounts___

_________ $695,502.48

State of Georgia and Municipal

Bonds owned

-------------------- 14,000.00

U. S. Government Securities owned 330,000.00

Other Stocks and Bonds owned.... 18,000.00

Banking House and LoL

None

Furniture and F'ixtures __________________ 8,000.00

Other Real Estate owned..

36,772.42

Cash in Vault and Amount due

from approved Reserve Agents 600,384.49

Checks for Clearing and Due from

other Banks

----------------------

Cash Items ----

----------------------

Overdrafts -------------------- -------------------

2,653.03 None None

Advance on Cotton and other Com-

modities ------------------------------------

None

Customers Liability on Letters of Credit and Acceptances ______________

None

Profit and Loss _____ ----------------

None

Other Resources __

----------------- 1,121.44

Total

----$1,706,433.86

LIABILITIES:

Capital Stock

-------$100,000.00

Capital Notes ....

90,000.00

Surplus Fund _

20,000.00

Undivided Profits

13,340.53

Reserve Funds ---------------------

5,687.50

Due to Banks --------------------------

None

Dividends Unpaid ___ ------------------------

None

Cashier's Checks

None

Certified Checks ------------------------------ 1,243.87

Demand Deposits _________

840,816.22

Time Certificates of Deposits________

None

Savings Deposits ---------

631,345.74

Letters of Credit and Acceptances executed for Customers __________

None

Bills Payable ______ ---------------

None

Notes and Bills Rediscounted........

None

Other Liabilities ...... ----------------------- 4,000.00

Total ---------------------------------------------$1,7 0 6,4 3 3.8 6

EIGHTEENTH ANNUAL REPORT

113

STATEMENT
Showing condition at the close of Business December 31, 1937, of the

THE PEOPLES BANK

Winder, Ga.

As called for by the Superintendent of Banks.

C. O. MADDOX,

0. B. LANGFORD,

President.

Cashier.

Date of Charter: 10-20-1926

Began Business: 10-30-1926

RESOURCES:

LIABILITIES:

Loans and Discounts___

--------- $232,777.88

State of Georgia and Municipal

BonOs owned

7,500.00

U. S. Government Securities owned 1,000.00

Other Stocks and Bonds owned __ - 1,000.00

Banking House and Lot _

15,000.00

Furniture and Fixtures

2,500.00

Other Real Estate owned

7,500.00

Cash in Vault and Amount due

from approved Reserve Agents 193,791.65

Checks for Clearing and Due from

other Banks ------------------

399.57

Cash Items Overdrafts Advance on Cotton and other Com~

None None

modities

1,503.45

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss Other Resources

None None

Capital Stock

______________ $ 25,000.00

Capital Notes

None

Surplus Fund

15,000.00

Undivided Profits

5,677.66

Reserve Funds

None

Due to Banks --------------- ____ _

None

Dividends Unpaid

2,000.00

Cashiers Checks

2,683.39

Certified Checks

2.00

Demand Deposits

345,223.57

Time Certificates of Deposits

2,913.44

Savings Deposits

64,472.49

Letters of Credit and Acceptances

execuh'd for Customers

None

Bills Payable

None

Notes and Bills Rediscounted

None

Other Liabilities .-

None

Total

- $462,972.55

Total

---- _____$462,972.55

STATEMENT
Showing condition at the close of Business December 31, 1937, of the

THE WOODBURY BANKING CO.

Woodbury, Ga.

As called for by the Superintendent of Banks.

J. E. GRIMSLEY,

S. P. WILBURN,

President.

Cashier.

Date of Charter: 10-20-1891

Began Business: 10-1902

RESOURCES:

Loans and Discounts . ________________ $ 79,965.42

State of Georgia and Municipal

Bonds owned -------------------U. S. Government Securities owned Other Stocks and Bonds owned ___ _

Banking House and Lot...... Furniture and Fixtures ________ Other Real Estate owned ________________

Cash in Vault and Amount due from approved Reserve Agents

Checks for Clearing and Due from other Banks

Cash Items _____ ------------------------------
Overdrafts _____ --------------------------------Advance on Cotton and other Com~

modities

---------------------------------

Customers Liability on Letters of

Credit and Acceptances _________

Profit and Loss --------------- ----------------Other Resources --------------------

27,765.00 11,821.88
5,876.25 None
3,000.00 3,836.65
78,768.98
None 862.68 939.43
61,836.91
None None 442.61

Total __________________ ------------------------- ..$2 7 5,115.81

LIABILITIES:

Capital Stock

_______ $ 25,000.00

Capital Notes ---

None

Surplus Fund --- -----------------

7,000.00

Undivided Profits

5,287.35

Reserve Funds

3,000.00

Due to Banks __

None

Dividends Unpaid ----

None

Cashiers Checks __ --------------------------- 2,558.42

Certified Checks

None

Demand Deposits

160,094.40

Time Certificates of Deposits _______ 72,175.64

Savings Deposits

---------------

None

Letters of Credit and Acceptances

executed for Customers

None

Bills Payable -- --------------Notes and Bills Rediscounted ________

None None

Other Liabilities ---

-------------

None

Total

-- ___.$275,115.81

114

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

WOODLAND BANK Woodland, Ga.

As called for by the Superintendent of Banks.

J. H. WOODALL,

M. H. KING,

President.

Cashier.

Date of Charter: 11-18-1907

Began Business: 11-25-1907

RESOURCES:

LIABILITIES:

Loans and Discounts______ -----------$ 37,868.42

State of Georgia and Municipal

Bonds owned

-------------------

None

U. S. Government Securities owned 5,400.00

Other Stocks and Bonds owned___ _

None

Banking House and Lot----------------Furniture and Fixtures Other Real Estate owned.________________ _

2,000.00 1,000.00 4,677.09

Cash in Vault and Amount due

from approved Reserve Agents 43,883.51

Checks for Clearing and Due from

other Banks ---------------------------------Cash Items --------- ------------------------------

None 11.01

Overdrafts

----------------

.69

Advance on Cotton and other Com-

modities

------------------------------ 1,185.45

Customers Liability on Letters of

Credit and Acceptances------------Profit and Loss ___ --------------------------

None None

Other Resources

450.00

Total

_______ $ 96,476.17

Capital Stock -----------------------------------$ 15,000.00

Capital Notes ------------------------------------

None

Surplus Fund -----------------

12,000.00

Undivided Profits ----------------------------

7 45.13

Reserve Funds --------------------------------

None

Due to Banks ------------------------------------Dividends Unpaid -----------~---------------

None 81.60

Cashier's Checks ------------------------------

559.64

Certified Checks -----------------

None

Demand Deposits ------- ------------------- 57,189.40 Time Certificates of Deposits __________ 10,900.40

Savings Deposits -----------------------------

None

Letters of Credit and Acceptances

executed for Customers ________________

None

Bills Payable

--------------------

Notes and Bills Rediscounted ________

None None

Other Liabilities ___ -------------------------

None

Total

----$ 96,476.17

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF WOODSTOCK Woodstock, Ga.

As called for by the Superintendent of Banks.

J. H. JOHNSTON,

W. L. DUPREE,

President.

Cashier.

Date of Charter: 10-10-1905

Began Business: 11--13-1905

RESOURCES:

Loans and Discounts-.. -------------~-------$ 27.445.47

State of Georgia and Municipal

Bonds owned __

None

U.S. Government Securities owned 10,693.75

Other Stocks and Bonds owned..______

None

Banking House and Lot-...____________ 3,299.16

Furniture and Fixtures__ _

2,000.00

Other Real Estate owned __

10,283.75

Cash in Vault and Amount due

from approved Reserve Agents 7,703.94

Checks for Clearing and Due from

other Banks --------------------------------

None

Cash Items ----------------------------------

None

Overdrafts

-------------------

None

Advance on Cotton and other Com-

modities

------------------

19,049.65

Customers Liability on Letters of Credit and Acceptances ________________

None

Profit and Loss _____

None

Other Resources

None

Total ___ -------------------------------------------$ 8 0,47 5. 72

LIABILITIES:

Capital Stock ---- ------------------------- -----$ 25,000.00

Capital Notes ----------------------------

None

Surplus Fund -------------------------------- 6,000.00

Undivided Profits ----------------------------

185.71

Reserve Funds --------------------------------

None

Due to Banks _______ -----------------------

None

Dividends Unpaid --------------------------- 1,500.00

Cashier's Checks _ --------------------------

9.50

Certified Checks ------------------------------

None

Demand Deposits --------------------

3 7,513.60

Time Certificates of Deposits __________ "10,266.91

Savings Deposits

-------------------

None

Letters of Credit and Acceptances

executed for Customers.

None

Bills Payable -- -----------------------------

None

Notes and Bills Rediscounted ________

None

Other Liabilities ------------------------------

None

Total ________

-------------------------------$ 8 0,4'7 5. 72

EIGHTEENTH ANNUAL REPORT

115

STATEMENT Showing condition at the close of Business December 31, 1937, of the

BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

R. L. KENT,

H. T. JOHNSON,

President.

Cashier.

Date of Charter: 2-16-1897

Began Business: 2-16-1897

RESOURCES:

Loans and Discounts

...$ 70,948.95

State of Georgia and Municipal

U.

Bso. nGdsoveorwnnmeedn

t

-----------------------------Securities owned

Other Stocks and Bonds owned....

Banking House and Lot....________________

None
12,235.78 None
2,500.00

Furniture and Fixtures~------------------- 1,000.00

Other Real Estate owned ________________

150.00

Cash in Vault and Amount due from approved Reserve Agents 38,390.35

Checks for Clearing and Due from other Banks -------------- -------------------
Cash Items ------------------------------------Overdrafts ------------------------------

921.93 None
265.07

Advance on Cotton and other Com-

modities ----------- ----------------- 166,320.48

Customers Li_ability on Letters of

Credit and Acceptances __

None

Profit and Loss .. -------------------------------

None

- - - - Other Resources -------------~----------------

None

Total ------------------------------------------------$2 92,7 3 2.5 6

LIABILITIES:

Capital Stock

_______ $ 25,000.00

Capital Notes ---------------------------------

None

Surplus Fund ..-------------------------------- 17,924.42

Undivided Profits -------------------------- 6,115.85

Reserve Funds ------------------------------ 3,000.00

Due to Banks ... -------------------------------

None

Dividends Unpaid

None

Cashier's Checks ________ ---------------------

83.45

Certified Checks ------------------------------

None

Demand Deposits ----------------------- 173,637.42

Time Certificates of Deposits _______ 36,971.42

Savings Deposits --------

None

Letters of Credit and Acceptances

executed for Customers ___ _

None

Bills Payable

- ------------------------- 30,000.00

Notes and Bills Rediscounted........

None

Other Liabilities -----------------------------

None

Total --------------------------------------------- ... $ 2 9 2, 732.5 6

STATEMENT Showing condition at the close of Business December 31, 1937, of the

EXCHANGE BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

P. B. BEDINGFIELD,

E. E. DALEY,

President.

Cashier.

Date of' Charter: 12-20-1909

Began Business: 12-20-1909

RESOURCES:

Loans and Discounts ..----------------------$149,314.28

State of Georgia and Municipal

Bonds owned ------------------------------ 6,505.00

U. S. Government Securities owned 5,800.00

Other s'tocks and Bonds owned.... Banking House and LoL._________________ Furniture and Fixtures ___________________

1,975.17 3,500.00
530.00

Other Real Estate owned __________

None

Cash in Vault and Amount due

from approved Reserve Agents 33,182.94

Checks for Clearing and Due from

other Banks ---------------------------------- 2,944.13

Cash Items --------- ----------------------------

None

Overdrafts ---------------------------------------

51.31

Advance on Cotton and other Com-

modities --------------------------------------- 1,859.11

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss..--------------------------------

None

Other Resources -----------------------------

None

Total' _________ ------------------------------------$ 2 0 5, 612.0 4

LIABILITIES:

Capital Stock ____________________________________ $ 35,000.00

Capital Notes ------------------------------------

None

Surplus Fund

----------------- 15,000.00

Undivided Profits ---------------------------- 9,171.36

Reserve Funds --------------------------------

480.25

Due to Banks .. ---------------------------------

None

Dividends Unpaid --------------------------

None

Cashier's Checks ..----------------------------

75.65

Certified Checks .... -----------------------

None

Demand Deposits

___ 124,464.00

Time Certificates of Deposits........ 21,420.78

Savings Deposits __ ---------------------------

None

Letters of Credit and Acceptances executed for Customers ________________

None

Bills Payable ----------------------------------

None

Notes and Bills Rediscounted........

None

Other Liabilities ____ -------------------------

None

Total ------------------------ -------------------------$ 2 05, 612.0 4

116

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of Business December 31, 1937, of the

THE BANK OF ZEBULON Zebulon, Ga.

As called for by the Superintendent of Banks.

C. R. GWYN,

J. J. EDWARDS,

President.

Cashier.

Date of Charter: 3-18-1905

Began Business: 1-31-1905

RESOURCES:

Loans and Discounts------------------------$128,353. 73

State of Georgia and Municipal

Bonds owned _____ -------------------------- 1,592.70

U. S. Government Securities owned 6,399.00

Other Stocks and Bonds owned ____ 3,105.67

Banking House and Lot----

3,734.00

Furniture and Fixtures------------------- 1,443.00

Other Real Estate owned ___

200.00

Cash in Vault and Amount due

from approved Reserve Agents 69,976.99

Checks for Clearing and Due from

other Banks -------------------

None

Cash Items ---------------------------------------

594.32

Overdrafts ------------------ ----------------

320.49

Advance on Cotton and other Com-

modities

----------------

2,440.07

Customers Liability on Letters of

Credit and Acceptances

None

Profit and Loss __ -----------------

None

Other Resources -----------------

None

Total ------------------------------------------ ______ $ 218,15 9. 9 7

LIABILITIES:

Capital Stock ------------------------------- ----$ 25,000.00

Capital Notes -----------------------------------Surplus Fund ------------------------------Undivided Profits ____________

None 5,000.00 5,154.06

DRueseertvoe BFaunnkdss____-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_______ Dividends Unpaid -------------------------

1,708.16 None 40.00

Cashier's Checks -------------------------

490.69

Certified Checks -----------------------------

None

Demand Deposits ------------------------ __ 106,547.32

Time Certificates of Deposits----~~~~ 11,407.36

Savings Deposits ~~~~--~-------

62,812.38

Letters of Credit and Acceptances

executed for CustomerS-~---~-

None

Bills Payable --------------------------------Notes and Bills Rediscounted ________

None None

Other Liabilities -------------

None

Total

------------------------ _____$218, 15 9.9 7