Twenty-second annual report [1941]

TWENTY-SECOND ANNUAL REPORT
OF THE
DEPARTMENT OF BANKING
OF THE
STATE OF GEORGIA
YEAR ENDING DECEMBER 31
1941
-o-
J, C. BEASLEY, Superintendent of Banks

STATE OF GEORGIA
DEPARTMENT OF BANKING
Created by Act Approved August 16, 1919
TWENTY-SECOND ANNUAL REPORT
YEAR ENDING DECEMBER 31, 1941
DEPARTMENT ESTABLISHED An act to create 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 session of the General Assembly in 1937, all of which amendments are contained in the Banking Act published by the Department of Banking.
J. C. BEASLEY
Superintendent of Banks

TWENTY-SECOND ANNUAL REPORT

III

DEPARTMENT OF BANKING, STATE OF GEORGIA
ATLANTA

December 31, 1941.

To the Honorable Eugene Talmadge, 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 22nd annual report of the Department of Banking for the year ending December 31, 1941.

This report consists of the following exhibits:

l. 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 1941.

3.

EX h1"b1'ts

"C" I

"D" I

"Ell I

"F" I

"G" I

"HI/ I

"II' I

'IJ'I

"K'' I

"L" I

cov.

ering miscellaneous applications relative to charter amend-

ments, charter renewals, etc.

4. Exhibit 'M", a list of banks in voluntary liquidation.

5. Exhibit "N", a list of branch banks now in operation.

6. Exhibit "0", a condensed statement showing the disposition of banks during the year 1941.

7. Exhibit "P", a list of banks that are members of the Federal Reserve System.

IV

DEPARTMENT OF BANKING

8. Exhibit "Q", a list of Small Loan Companies under the supervision of the Superintendent of Banks during the year 1941, and Exhibit "R", a list of Credit Unions as of December 31, 1941.
9. Exhibit "S", abstract of reports showing condition of 239 banks and 8 branches as of December 31, 1941, with a comparative statement of 232 banks and 8 branches as of December 31, 1940.
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, 1941. 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,
J. C. BEASLEY,
Superintendent of Banks.

TWENTY-SECOND ANNUAL REPORT

v
Exhibit "A"

DEPARTMENT OF BANKING, STATE OF GEORGIA
OFFICIAL ROSTER
December 31, 1941

J_ C. BEASLEY Superintendent of Banks
0. G. JACKSON Assistant Superintendent of Banks

EXAMINERS

Name and Address

Salary

C. C. Cunningham, Atlanta ______________________________________________ $200.00

R. G. Fleetwood, Thomasville ------------------------------------------- 200.00

ASSISTANT EXAMINERS

Narne and Address

Salary

W. E. Copeland, Thomasville ____________________________________________ $150.00

T. A. Dixon, Decatur__________________________________________________ 150.00

R. L. McMahan, Tallapoosa_____________________________________________ 150.00

E. E. Trapnell, Claxton------------------------------------------------- 150.00

OFFICE ASSISTANTS

Name and Position

Salary

Mattie Hughes, Typist_ _________________________________________________ $100.00

Mrs. Evelyn Jones, Bookkeeper ______ ------------------------------------ 125.00 Mrs. John W. Wyrick, Secretary.________________________________________ 135.00

Theodore Marshall, Porter_ _____________________________________________ $ 45.00

VI

DEPARTMENT OF BANKING

Exhibit "B"
DEPARTMENT OF BANKING, STATE OF GEORGIA Receipts and Disbursements, I 941
RECEIPTS Balance January I, l94L _____________________________________________ $ll,243.82 Examination Fees__ ----_____________________________________________ 42,730.00 Small Loan Fees___________________________________________________ 650.00 Miscellaneous Income______________________________________________ _ 493.18
$55,ll7.00
DISBURSEMENTS Superintendent's Salary_____________________________________________ $ 6,000.00 Assistant Superintendent's Salary________________ '_____________________ 3,550.00 Traveling Expenses, Superintendent___________________________________ 634.14 Traveling Expenses, Assistant Superintendent_________________________ 272.36 Office Assistants' Salaries___________________________________________ 3,458.00 Examiners' Salaries__________________________________________________ 11,283.60 Examiners' Expenses, Traveling______________________________________ 8,909.19 Printing and Stationery_____________________________________________ 850.93 Miscellaneous Office Expenses__________________ __ ___________________ 4,559.57
$39,517.79
$15,599.21 3% Deduction by State _____________________________________________ $ 1,301.69 Transfer to Special Emergency Fund________________________________ 9,052.59
$10,354.~
Balance December 31, 194L_____________________________ ---------------------- $ 5,244.93

TWENTY-SECOND ANNUAL REPORT

VII

Exhibit "C" APPLICATIONS FOR REVIVAL OF CHARTER APPROVED

NAME OF BANK

LOCATION

DATE OF CHARTER I APPROVED

Bank of Hiawassee _______________ Bank of Chickamauga____________ Jones County Bank_ ______________ Bank of Union Point _____________ Fairburn Banking Company________ Bank of Sharon __________________

Hiawassee ______ Chickamauga ___ Haddock_ ______
Union Point_ ___ Fairburn _______ S h a r o n _________

6-14-1909 2-16-1910 7-14-1905 5-15-1911 9-14-1891 9-29-1904

6-26-1941 9-9-1941 9-15-1941 10-7-1941 11-14-1941 12-1-1941

Exhibit "D" APPLICATIONS FOR RENEWAL OF CHARTER APPROVED

NAME OF BANK

LOCATION DATE OF CHARTER

Trust Company of Georgia________ Bank of Dawson _________________ Bank of Toccoa __________________
The Farmers Bank ______________ Farmers State Bank _______________ The Hinesville Bank_ _____________ The Northeastern Banking Co. ___ Farmers State Bank _____________ Citizens Bank & Trust Company__ Farmers & Merchants Bank_______
The Citizens Bank of Folkston ____ The Bank of Dalton _____________ South Side Atlanta Bank__________

Atlanta ________
Dawson _________
Toccoa -------Union Point_ __ Lumpkin _______ Hinesville _______ Commerce ______ Lincolnton ______
Bainbridge ____ Coolidge _______ Folkston _______ Dalton _________ A t l a n t a _________

9-21-1891 6-29-1911 8-10-1911 9-6-1911 10-2-1911 9-4-1911 8-25-1891 9-26-1911 ll-8-1911 12-18-1911 12-19-1911 12-26-1911 1-31-1912

APPROVED
1-24-1941 4-23-1941 5-7-1941 5-19-1941 6-26-1941 6-26-1941 6-26-1941 6-30-1941 9-9-1941 9-9-1941 11-14-1941 ll-24-1941 12-22-1941

APPLICATIONS FOR CHARTER APPROVED

Exhibit "E"

NAME OF BANK

LOCATION APPROVED

The Claxton Bank ______________ _ Claxton_______ _
Bank of Early ___________________ _ Blakeley______ _ Tri-County Bank of Royston _____ _ Royston_______ _ LaGrange Banking Company______ _ LaGrange _____ _ The Four County Bank _________ _ Allentown_____ _ The Bank of Atlanta __________ _ Atlanta _________

2-15-1941 3-7-1941 5-26-1941 6-10-1941 6-30-1941 9-19-1941

BEGAN BUSINESS
2-24-1941 4-15-1941 9-1-1941 9-15-1941 9-15-1941 12-1-1941

PERMITS TO BEGIN BUSINESS ISSUED

Exhibit "F''

NAME OF BANK

LOCATION

BEGAN BUSINESS

Farmers & Merchants Bank____________ The Claxton Bank ___________________ _ The Bank of Early__________________ _
Tri-County Bank of Royston__________ _ The Four County Bank_ ______________ _ LaGrange Banking Company__________ _ The Bank of Atlanta ___________________

Leslie ___________________ _ Claxton__________________ _ Blakely__________________ _
Royston __________________ _ Allentown ________________ _ LaGrange________________ _ Atlanta__________________ _

1-2-1941 2-24-1941 4-15-1941 9-1-1941 9-15-1941 9-15-1941 12-1-1941

VIII

DEPARTMENT OF BANKING

Exhibit "G" APPLICATIONS TO INCREASE CAPITAL APPROVED

NAME OF BANK

I LOCATION

I APPROVED AMOUNT OF INCREASE

The Commercial Bank _ . - -----The Farmers Bank _______________
Atlantic Savings & Trust Co. _____ S. Lemon Banking Company_______
Cairo Banking Company _____ . __ Citizens Bank___________________

Crawford _____
Union Point__ Savannah _____ Acworth ______ Cairo ________
Vienna _______

1-18-1941 2-5-1941 3-14-1941 4-3-1941
8-1~1941
ll-7-1941

$15,000 to $22,500 $15,000 to $25,000 $50,000 to $100,000 $20,000 to $50,000 $35,000 to $50,000 $25,000 to $50,000

Exhibit "H" APPLICATIONS TO DECREASE CAPITAL APPROVED

NAME OF BANK

LOCATION APPROVED

First State Bank of Blakely______ Blakely________ Bank of Canton. __________ ~ ---- Canton _________

ll-7-1941 12-3-1941

AMOUNT OF DECREASE
$100,000 to $50,000 $150,000 to $100,000

Exhibit "I" APPLICATIONS TO CHANGE LOCATION APPROVED

NAME OF BANK

LOCATION APPROVED

CHANGED TO

S. Lemon Banking Company______ Acworth ________ 4-3-1941
Bank of Siloam___________________ Siloam--------- 10-7-1941 I
APPLICATIONS TO CHANGE NAME APPROVED

Marietta Sparta
Exhibit "J"

NAME OF BANK

LOCATION I APPROVED

CHANGED TO

S. Lemon Banking Company ______ Acworth ________ Bank of Siloam _________ .- --- ----- Siloam _________

4-3-1941 10-7-1941

Cobb Exchange Bank, Marietta
Bank of Hancock County, Sparta

Exhibit "K" MISCELLANEOUS AMENDMENTS TO CHARTER APPROVED

NAME OF BANK

LOCATION NATURE OF AMENDMENT APPROVED

Atlantic Savings & Tr. Co. __ Savannah ______ Cairo Banking Company____ Cairo .. _______

Acquire Trust Privileges Increase Surplus from
$15,000 to $25,000

6-9-1941 8-1-1941

Exhibit "L" APPLICATIONS TO SURRENDER CHARTER APPROVED

NAME OF BANK

LOCATION

APPROVED

Bainbridge State Bank.__ ------------------ Bainbridge____ __ Merchants & Mechanics Banking & Loan Co. Atlanta_______________ _

4-18-1941 5-1-1941

TWENTY-SECOND ANNUAL REPORT

IX

BANKS IN VOLUNTARY LIQUIDATION December 31, 1941

Exhibit "M"

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 _____________ September 4, 1929 Atlanta Trust Company___________________ Atlanta ___________________ December 11, 1929 Bank of Helen ___________________________ Helen ____________________ June 2, 1930
Bank of Cave Spring----------------------- Cave Spring________________ December 12, 1930 Houston Banking Company________________ Perry ____________________ December 12, 1930 Farmers & Merchants Bank_______________ Kit.; ______________________ 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_ _________________ ]anuary 1, 1932
Whitesburg Banking Company------------- Whitesburg_______________ February 2, 1932 Logansville Banking Company-------------- Loganville_____________ _ April 28, 1932 Newnan Bank & 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 Company_______ --------- Clermont_ _________________ February 26, 1934 Decatur County Bank_____________________ Bainbridge_______________ October 29, 1934 Rhine Banking Company___________________ Rhine ___________________ December 21, 1934 Tobacco Belt Trust Company_______________ Lakeland ________________ November 6, 1935 Ashley Trust Company_____________________ Valdosta_________________ November 14, 1935 Continental Trust Company_________________ Atlanta ___________________ December 12, 1935 Bank of Hoschton _________________________ Hoschton ________________ April 19, 1936 Bank of Meansville ________________________ Meansville ________________ January 3, 1938 Citizens Bank _____________________________ Tallapoosa ____________ __ March 14, 1938 Exchange Bank____________________ _____ Sycamore _________________ March 16, 1938
Bank of Eton --------------------------- _ Eton ____ __ ___________ __ October 11, 1938 Bank of Camden County_________________ St. Marys _ _____________ December 27, 1938 Farmers & Merchants Bank_______________ Charing ___________________ December 19, 1940

X

DEPARTMENT OF BANKING

BRANCH BANKS AS OF DECEMBER 3I, 1941

Exhibit "N''

NAME OF BRANCH

LOCATION

NAME OF PARENT

LOCATION

Georgia Railroad Bk. & Trust Co.,

Georgia Railroad Bank &

1ll1 Broad Street_ ___________ Augusta________ Trust Co. _________________ Augusta

Columbus Bank & Trust Co., 14 Street_ ____________________ Columbus______. Columbus Bank & Trust Co. Columbus

Columbus Bank & Trust Co., North Highland _______________ Columbus______. Columbus Bank & Trust Co. Columbus

Columbus Bank & Trust Co., Rankin House ________________ Columbus______ Columbus Bank & Trust Co. Columbus

Cornelia Bank_________________ Demorest------ Cornelia Bank ____________ Cornelia Greenville Banking Co. __________ Gay___________ Greenville Banking Co. ______ Greenville Brunswick Bank & Trust Co. ____ }t~sup ___ _____ Brunswick Bank & Trust Co. Brunswick
Citizens Bank___________________ Nahunta _______ Citizens Bank_ _____________ Folkston

DISPOSITION OF BANKS IN GEORGIA DURING YEAR 1941

Exhibit "0"

Banks Banks in Operation January 1, 194L___________________________________ 232 Banks in Operation December 31, 194L ________________________________ 239
Increase During Year_______________________________________________ 7

Branches 8 8
0

***

New Banks

7

Farmers & Merchants Bank, Leslie

The Claxton Bank, Claxton

Tri-County Bank of Royston, Royston

The Four County Bank, Allentown

LaGrange Banking Company, LaGrange

The Bank of Atlanta, Atlanta

Increase Shown Above-------------------------------------------- 7

TWENTY-SECOND ANNUAL REPORT

XI Exhibit "P"

STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM
Bank of Adairsville ______________________________________________________________Adairsville Trust Company of Georgia___________________________________________________________ Atlanta Georgia Railroad Banj;; & Trust Company_________________________________________Augusta Citizens Bank & Trust Company__________________________________________________ Bainbridge The Blackshear Bank_____________________________________________________________ Blackshear Brunswick Bank & Trust Company_________________________________________________ Brunswick Bank of Canton_____________________________________________________________________ Canton Columbus Bank & Trust Company_________________________________________________Columbus Merchants & Mechanics Bank_____________________________________________________Columbus Northeastern Banking Company___________________________________________________ Commerce Brand Banking Company_______________________________________________________Lawrenceville Bank of Millen ______________________________________________________________________Millen Farmers Bank______________________________________________________________________ Monroe Farmers Bank of. Pelham___________________________________________________________ Pelharn Citizens Bank & Trust Company____________________________________________________ Savannah Savannah Bank & Trust Company____________ -------------------------------------- Savannah Bank of Soperton__________________________________________________________________ Soperton Central Bank____________________________________________________________________ Swainsboro

XII

DEPARTMENT OF BANKING

Exhibit "Q"

SMALL LOAN COMPANIES UNDER THE SUPERVISION OF THE SUPERINTENDENT OF BANKS DURING 1941

NAME OF COMPANY

Location

T. C. Adams_____________________________________________________ _ Atlanta

Georgia Finance, Inc. _____________________________________________ _ Atlanta

Master Loan Service, Inc._------------------------------------------ Atlanta

Southern Discount Company____ ------------------------------------ Atlanta

A. J. Wood -------------------------------------------------------- Brunswick
General Discount Corporation ______________________________________ _ Decatur Georgia Motor Finance Company ___________________________________ _ Macon

Date License Issued
l-6-41
1-1-41 1-l-41 2-10-41 1-13-41
1-1-41 1-21-41

TWENTY-SECOND ANNUAL REPORT

XIII

CREDIT UNIONS AS OF DECEMBER 31, 1941 (103)

Exhibit "R"

NAME

Location

Albany Federal Employees' Credit Union--~-------------- ____________________________ Albany

Georgia Stages Employees' Credit Union-------------------------~------------------- Albany The Herald Credit Union ___________________________________________________________ Albany

Hodges Credit Union _______________________________________________________________ Albany

Keenan Credit Union--------------------------------------------------------------- Albany Athens Division Credit Union_________________________________________________________ Athens Athens Firemen's Credit Union______________________________________________________ Athens
Athens Postal Credit Union ___________________ ~------------------------------------- Athens A. R & A. Railway Credit Union ____________________________________________________ Atlanta J. P. Allen Employees' Credit Union ________________________________________________ Atlanta Apaco Credit Union ________________________________________________________________ Atlanta Armour Atlanta Credit Union _______________________________________________________ Atlanta Armour Fertilizer Works Credit Union_______________________________________________ Atlanta Arrow Credit Union ________________________________________________________________ Atlanta Atlanta City Employees' Credit Union_______________________________________________ Atlanta Atlanta Co-Operative Credit Association_____________________________________________ Atlanta Atlanta Firemen's Credit Union _____________________________________________________ Atlanta Atlanta Joint Terminals Credit Union _______________________________________________ Atlanta Atlanta Journal Employees' Credit Union __________________________________________ Atlanta

Atlanta Postal Credit Union-------------------------------------------------------- Atlanta Atlanta Railway Postal Clerks' Credit Union_________________________________________ Atlanta Atlanta S. & W. Employees' Credit Union____________________________________________ Atlanta
Atlanta Savings Stores Credit Union ____________________ ---------------------------- Atlanta Atlanta Teachers' Association Credit Union __________________________________________ Atlanta Atlanta Telco Credit Union _________________________________________________________ Atlanta Atlanta Terminal Employees' Credit Union __________________________________________ Atlanta

Atlantic Steel Credit Union--------------------------------------------------------- Atlanta Beck & Gregg Hardware Employees' Credit Union____________________________________ Atlanta Ben Franklin Credit Union_________________________________________________________ Atlanta

Calvert Iron Credit Union---------------------------------------------------------- Atlanta Canco 51- A Credit Union---------------------------------------------------------- Atlanta Circle "W" Credit Union----------------------------------------------------------- Atlanta Dinkier Employees of Georgia Credit Union _________________________________________ Atlanta Dortch Bakery Credit Union________________________________________________________ Atlanta Employment Service Credit Union ___________________________________________________ Atlanta Essell Credit Union________________________________________________________________ Atlanta The Federal Employees' Credit Union _______________________________________________ Atlanta Fulton Teachers' Credit Union______________________________________________________ Atlanta General Shoe Credit Association _____________________________________________________ Atlanta Genuine Parts Credit Union _____________________________ ------------------------ ___ Atlanta Georgia B. U. C. Credit Union ______________________________________________________ Atlanta Georgia League Credit Union________________________________ -------------------- ___ Atlanta Georgia Standard Oil Employees' Credit Union ___________ --------------------------- Atlanta

XIV

DEPARTMENT OF BANKING

GA-WP General Office Credit Union ________________________________________________ Atlanta
Gesco Credit Union---------------------------------------------------------------- Atlanta
J. M. Harrison Employees' Credit Union_____________________________________________ Atlanta
Kline Employees' Credit Union_____________________________________________________ Atlanta Kraft Employees of Atlanta Credit Union____________________________________________ Atlanta Lane Employees' Credit Union _____________________________________________________ Atlanta Merchants' Mutual Credit Corporation______________________________________________ Atlanta
Metro Credit Union---------------------------------------------------------------- Atlanta Mutual Savings Credit Union________________________________________________________ Atlanta Orange Disc Credit Union __________________________________________________________ Atlanta Orkin Service Credit Union _________________________________________________________ Atlanta R. E. A. Employees' Credit Union ___________________________________________________ Atlanta Regenstein Employees' Credit Union__________________________________________________ Atlanta Rich's Employees' Credit Union_____________________________________________________ Atlanta Rogers' Credit Union _______________________________________________________________ Atlanta S. M. C. R. C. Credit Union ________________________________________________________ Atlanta Seaboard Employees' Credit Union __________________________________________________ Atlanta Southern Freight Tariff Bureau Employees' Credit Union ______________________________ Atlanta Southern Spring Bed Credit Union_________________________________________________ Atlanta State Welfare Credit Union _________________________________________________________ Atlanta
The Stein Printing Company Employees' Credit Union________________________________ Atlanta Swift Atlanta Employees' Credit Union _____________________________________________ Atlanta The Thrift Credit Union___________________________________________________________ Atlanta University Center Credit Union______________________________________________________ Atlanta Wage- Hour Credit Union__________________________________________________________ Atlanta Western & Atlantic Credit Union_____________________________________________________ Atlanta Wofford Credit Union______________________________________________________________ Atlanta Augusta Federal Employees' Credit Union ___________________________________________ Augusta Augusta Fire Department Credit Union _____________________________________________ Augusta Augusta Negro Underwriters' Credit Union __________________________________________ Augusta Georgia Railroad Employees' Credit Union __________________________________________ Augusta King Mill Credit Union___________________________________________________________ Augusta
Richmond County Teachers' Credit Union __________________________________________ Augusta G. V. & P. Employees' Credit Union ______________________________________________ Brunswick Carroll County Teachers' Credit Union ____________________________________________ Carrollton Bibb Thrift Club Credit Union, Bibb City_________________________________________ Columbus Columbus Postal Employees' Credit Union_________________________________________ Columbus DeKalb County Teachers' Credit Union------------------------------~--------------- Decatur East Point Municipal Employees' Credit Union____________________________________ East Point Lethnol Credit Union ____________________________________________________________ East Point Delta Employees' Credit Union________________________:____________________________ Hapeville General Shoe Credit Union____________________________________________________ Lawrenceville Federal Employees' Credit Union ____________________________________________________ Macon Hapgrade Credit Union_____________________________________________________________ Macon Macon Textiles, Inc., Credit Union ___________________________________________________ Macon
Union Credit Union----------------------------------------------------------------- Macon The Citizens' Credit Union_________________________________________________________ Morven Swift Moultrie Employees' Credit Union ____________________________________________ Moultrie Sumter County Teachers' Credit Union _____________________________________________ Plains

TWENTY-SECOND ANNUAL REPORT

XV

Floyd County Postal Employees' Credit Union__________________________________________ Rome Central Employees' Credit Union, Inc, _____________________________________________ Savannah Chatham County Teachers' Association Credit Union________________ ---------------- Savannah Merchants' Credit Union__________________________________________________________ Savannah Savannah & Atlanta Railway Employees' Credit Union______________________________ Savannah Savannah Electric & Power Employees' Credit Union_________________ -------------- Savannah Savannah Federal Employees' Credit Union__________________________________________ Savannah Seaboard Employees' Credit Union________________________________________________ Savannah Silvertown Credit Union _________________________________:_______________________ Thomaston Tift County Postal Employees' Credit Union__________________________ ----------------- Tifton Postal Credit Union _______________________________________________________________ Valdosta
Inactive Credit Unions:
Atlanta Lodge No. 1 (I. A. and M.) Credit Union, Atlanta B. A. E. Credit Union, Atlanta. L. & R. Employees' Credit Union, Atlanta Southern Shell Employees' Credit Union, Atlanta Sterchi Credit Union, Atlanta Wooding's Cafeteria Credit Union, Atlanta
Credit Unions Liquidated:
Seely Employees' Credit Union, Albany United Automobile Workers of Atlanta Credit Union, Atlanta
Credit Unions Approved for Voluntary Liquidation:
Atlanta Plumbers' Credit Union, Atlanta Harry Sommers' Credit Union, Atlanta Hartford Credit Union, Atlanta Underwriters' Credit Union, Atlanta
In Possession of Department of Banking for Liquidation:
The Pullman Shop Employees' Credit Union, Atlanta Western Newspaper Employees' Credit Union, Atlanta White Provision Employees' Credit Union, Atlanta

. XVI

DEPARTMENT OF BANKING

Exhibit "S"
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN GEORGIA* AS OF DECEMBER 31, 1941

(With Comparative Statement as of December 31, 1940)

RESOURCES

239 Banks and Eight Branches as of December 31, 1941

Loans and Discounts _____________________________________ _ $111,659,581.47

State of Georgia and Municipal Bonds Owned _____________ _ 8,880,741.20

U. S. Government Securities Owned______________________ _ 23,824,859.47

Other Stocks and Bonds Owned_________________________ _ 6,664,723.74

Banking House and Lot_ ________________________________ _ Furniture and Fixtures __________________________________ _ Other Real Estate Owned _______________________________ _

4,465, 7 46.61 543,994.66
3,070,400.48

Cash in Vault and Amount due from approved Reserve Agents 106,226,989.61

Checks for Clearing and Due from other Banks__________ _ 1,818,978.79

Cash Items_____________________________________________ _

46,382.52

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

56,074.19

Advance on Cotton and Other Commodities _______________ _ 3,632,803.61

Customers Liability on Letters of Credit and Acceptances__ _ Other Resources________________________________________ _

54,774.05 984,233.97

Total ------------------------------------------------ $271,930,284.37

232 Banks and Eight Branches as of December 31, 1940
$ 95,615,718.32 6,625,820.72 19,209,820.24 7,043,090.86 4,523,971.84 485,875.22 3,856,729.23 83,335,971.87 1,640,684.51 48,017.52 62,472.77 2,065,009.01 2,900.00 630,635.53
$225,146,717.64

LIABILITIES

Capital Stock____________________________________________ $ 14,400,500.00 Capital Notes ___________________________________________ _ 1,406,875.00

Surplus Fund ----------------------------------------- _ 10.581,473.06 Undivided Profits _______________________________________ _ 4,363,426.31 Reserve Funds_________________________________________ _ 2,397,697.29

Due to Banks------------------------------------------Dividends Unpaid_______________________________________ _ Cashier's Checks________________________________________ _ Certified Checks________________________________________ _

25,659,667.24 238,162.60
2,218,020.02 18,209.99

Demand Deposits _______________________________________ _ 142,392,899.47

Time Certificates of Deposits_____________________________ _ 15:613,631.32 Savings Deposits_________________________________________ _ 50,306,094.83

Letters of Credit and Acceptances executed for Customers__ Bills Payable___________________________________________ _

54,774.05 120,000.00

Notes and Bills Rediscounted ___________________________ _

None

Other Liabilities ________________________________________ - 2,158,853.19

Total ------------------------------------------------ $271,930,284.37

$ 14,073,000.00 1,534,189.00
10,272,593.23 3,551,477.48 1,904,516.07 18,435,708.35
215,179.37 547,357.00 20,708.34 113,67 4,871.10 27,483.620.35 31,416,053.37
2,900.00 184,787.61 38,422.28 1,791,334.09
$225,146,717.64

* This statement does not include five Superior Court chartered banks.

TWENTY-SECOND ANNUAL REPORT

1

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks.

A. J. DURHAM,
President. Date of Charter: 10-31-1905

J. H. HARRISON, Cashier.
Began Business: 12-19-1905

RESOURCES: I~oans and Discounts ________________ $
State of Georgia and Municipal Bonds owned ---------------------------
U. S. GQvernment 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 ________________________ _
Admvoadnicteieson___C_o_t_to_n___a_n_d___o_th__e_r__C_o_m_ _
Customers' Liability on Letters of Credit and Acceptances___________ _
Profit and Loss___________________ _ Other Resources __________________ _

124,997.17
4,646.29 10,600.00
None 1,915.00 1,818.81 2,806.00
147,430.57
3,167.08 None
306.65
None
None None None

Total -----------------------------$ 297,687.57

LIABILITIES : Capital Stock ----------------------$ SCuarppitlauls NFoutneds -_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_ Undivided Profits __________________
RDeuseervtoe FBuanndkss_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_--_ 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 None
5,000.00 8,830.58
466.24 None
2,018.00 700.44 None
197,115.95 58,556.36 None
None None None None

Total ------------~---~-~----------$ 297,687.57

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks.

M. P. GAINES, President.
Date of Charter: 3-21-1899

Began Business: 3-24-1899

RESOURCES: Loans and Discounts_--------~------$ Stoatweneodf G_e_o_r_g_i_a__a_n_d__M_u_n_i_c_i_p_a_l _B_o_n__ds_
U. S. Government Securities owned__ Other Stocks and Bonds owned----~~ Banking House and Lot____________ _ Furniture and Flxtures___________ ~-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 -----------~-------
Total --------------------------~~- $

102,172.93
4,000.00 X one
1,150.00 1,600.00
900.00 None
157,975.60
None None None
None
None None None
267,798.53

LIABILITIES : Capital Stock ------~---~-----------$ Capital Notes ---------------------Surplus Fund -----~~---~----~---~- Undivided Profits -~-~------------- Reserve Funds --------------------Due to Banks---------------------~ Dividends Unpaid -----------------Cashier's Checks _________________ _ Certifi~d Checks __________________ _
Demand Deposits _________________ _
Time Certificates of Deposits _______ _ Savings Deposits _________________ _
Letter of Credit and Acceptances executed for Customers___________ _
Bills Payable --------------------~Notes and Bills Rediscounted_______ _ Other Liabilities __________________ _

25,000.00 None
12,500.00 3,039.13 None None None 498.90 None
167,281.60 None
59,140.75
None None None 338.15

Total ____ ---------------~---------$ 267,798.53

2

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1941, of
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 _______________ $

State of Georgia and Municipal Bonds

o\vned -------------------------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 Banlis ______ ---- ___ _
Cash Items ____________________ _

Overdra:ts ----------------- ____ _

Advance on Cotton and other Com-

modities

_________________ _

Customers' Liability on I.~etters of Credit and Acceptances__________ _
Profit and Loss _____________________ _

Other Resources __________________ _

Total ____________________________ $

G7,508.26
None 22,500.00
None 1,460.00
350.00 :None
320,688.ti4
208.42 130.25
?\one
None
X one None X one
102,815.4 7

LIABILITIES : Capital Stock -------------------SCuarppiltauls NFuonteds _-_-__-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_
TJndivided Profits ------------------ _ Reserve Funds _____________________ _ Due to Banks _____________________ _ Dividends Unpiad _________________ _
Cashier's Checks ___ ~-------------Certified Checi\:S ____ _ Demand Deposits _________________ . _ Time Certificates of Deposits ________ _ Sarings Deposits ___________ _ Letters of Credit and Acceptances ex-
ecuted for Customers_ Bills Payable ____________________ _ Xotes and Bills Rediscounted _______ _
Other Liabilities -------------------

25,000.00 None
5,000.00 9,111.77
None None 2,000.00 2,195.45 None 311,991.88 47,546.37 None
X one None None X one

Total ___________ -----------------$ 402,845.47

STATEMENT

Showing condition at the close of business December 31, 1941, of

MONTGOMERY COUNTY BANK Ailey, Ga.

As called for by the Superintendent of Banks.

W. J. PETERSON, President.
Date of Charter: 2-24-26

MISS MARY SMITH, Cashier.
Began Business: 3-1-26

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 en Letters of Credit and Acceptances___________
Profit and Loss____________________ _ Other Resource3 __________________ _
Total ______________________ $

41,209.3G
None 5,250.00 3,491.13
None 1.00
3,000.00
131,145.80
None None
3.22
13,991.19
None None None
198.091.70

LIABILITIES: Capital Stock ____________________ $ Capital :Xotes _____________________ _
Surplus l_,und ---------------------Undivided Profits ________________ _ Heserve Funds ___________________ _ Due to Banks______________________ _ Dividends Unpaid _________________ _ Cashier's Checks __________________ _ Certified Checks __________________ _ Demand Deposits _________________ _
Time Certificates of Deposits _______ _
Savings Deposits ------------------Letters of Credit and Acceptances ex-
ecuted for Customers ____________ _ Bills Payable _____________________ _
Notes and Bills Rediscounted_______ _
Other Liabilities -------------------

15,000.00 None
5,000.00 1,275.00
None None 750.00 88.62 None 166,447.38 9,530.70 None
~one
1\one None None

Total

--------------- ------- $ 198,091.70

TWENTY-SECOND ANNUAL REPORT

3

STATEMENT
Showing condition at the close of business December 31, 1941, of
BANK OF ALAPAHA Alapaha, Ga.

As called for by the Superintendent of Banks.

W. M. GASKINS, President.
Date of Charter: 3-4-1905

J_ P. CULPEPPER,
Cashier. Began Business: 3-25-1905

RESOURCES: Loans and Discounts --------------$ State of Georgia and Municipal Bonds
owned _________________________ _

U. S. Government Securities o\vned __ Other Stocks and Bonds owned_____ _ Banking House and Lot_ __________ _ Furniture and Fixtures_____________ _ Other Heal Estate owned _____ _ Cash in Vault and Amount due from
approved Reserve Agents_________ _

Cheeks 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 --------------------

Total __________________________ ---$

157,816.99
3,000.00 16,137.50
None 2,802.30
260.00 200.00
236,649.48
X one 146.5V
:Xone
None
X one None X one
417,013.06

Capital Stock

LIABILITIES : _________ $

Capital Xotes ---------------------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 __________________ _

30,000.00 None
20,000.00 24,283.31 1,900.17 25,000.00
4,800.00 156.36 None
191,818.89 101,144.95
17,584.38
None None None 325.00

Total ______________________ -------$ 417,013.06

STATEMENT

Showing condition at the close of business December 31, 1941, of

ALBANY TRUST & BANKING COMPANY Albany, Ga.

As called for by the Superintendent of Banks.

A. P. VASON, President.
Date of Charter: 6-13-1905

C. L. NEUMAN, Cashier.
Began Business: 6-1905

RESOURCES: Loans and Discounts _______________ $

State of Georgia and Municipal Bonds

owned __ -----------------------U. S. Government Securities owned __ Other Stocl<s and Bonds owned_____ _ Banking House and Lot_ ___________ _

Furniture and Fixtures_____________ _

Other Real Estate owned___________ _

Cash in Vault and Amount due from approved Reserve Agents_________ _

Cheeks 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 __________________ _

585,371.24
None 10,000.00
None 19,050.33
2,39').46 6,300.00
64,3:51.47
None X one None
X one
X one :X o n e X one

Total _ .. ______ ------------ _________ $ 687 .468.GO

LIABILITIES : Capital Stock ______________________ $
Capital Notes ---------------------Surplus Fund ______________________ _
Undivided Profits ____________ _
Reserve Funds _____ --------
Due to Banks ---------------------Dividends Unpiad _________________ _ Cashier's Checks __________ Certified Checks ____________________ Demand Deposits ________ _
Time Certificates of Deposits_______ _ Savings Deposits ___ _
Letters of Credit and Acceptances executed for Custom0rs ____________ _
Bills Payable ____________ _ Xotes and Bills Rediscounted _______ _ Other Liabilities ___________ _

100,000.00 14,000.00 30,000.00 23,802.16
187,343.28 None 328.00 None None None
135,100.00 196,895.06
None None None X one

Total _________________ _ --------$ 687,468.50

4

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE FOUR COUNTY BANK Allentown, Ga.

As called for by the Superintendent of Banks.

A. W. DAUGHTRY, President.
Date of Charter: 8-18-1941

C. R. FAULK, Cashier.
Began Business: 9-15-1941

RESOURCES: Loans and DiscountS----------------$ State of Georgia and Municipal Bonds
owned --------------------------U. S. G"'vernment 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 _________ _ Choetchkesr BfoarnkCs le_a_r_i_n_g__a_n__d__D__u_e__f_r_o_m_
OCvasehrdrIateftms s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities -------------------------
Customers' Liability on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ _ Other Resources __________________ _
Total _____________________________$

6,860.53
None None None 3,000.00 1,500.00 None
64,284.50
None None None
26,859.58
None None 488.42
102,993.03

LIABILITIES : Capital Stock _____________________ $
Capital Notes ---------------------Surplus Fund --------------------rndivided Profits -----------------RDeuseertvoe BFaunnkdss___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpiad -----------------Cashier's Checks ------------------Certified Checks ------------------Demand Deposits -----------------Time Certificates of Deposits_______ _
Savings Deposits -----------------Letters of Credit and Acceptances ex-
ecuted for Customers____________ _
Bills Payable ---------------------1'1otes and Bills Rediscounted _______ _ Other Liabilities -------------------

15,000.00 None
3,000.00 89.76 None None None 150.00 None
84,753.27 None None
None None None None

Total -----------------------------$ 102,993.03

STATEMENT

Showing condition at the close of business December 31, 1941, of
ALMA EXCHANGE BANK Alma, Ga.

As called for by the Superintendent of Banks.

M. E. JONES, President.
Date of Charter: 9-30-1939

J. J. JONES.
Cashier. Began Business: 9-30-1939

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
ot::ter Banks ____________________ _
OCvasehrdrIatefmts s __-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities -------------------------
Customers' Liability on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ _
Other Resources -------------------
Total _____________________________$

58,436.05
None 78,253.44
None 5,150.00
None None
97,998.00
None None None
None
None None None
239,837.49

LIABILITIES : Capital Stock ----------------------$ Capital Notes ---------------------Surplus Fund ---------------------RUensdeirvviededFuPnrdosfits__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_--_
Due to Banks ---------------------Dividends Unpiad -----------------Cashier's Checks __________________ _
Certified Checks ------------------Demand Deposits _________________ _ Time Certificates of Deposits _______ _
Savings Deposits -----------------Letters of Credit and Acceptances ex-
ecuted for Customers____________ _ Bills Payable _____________________ _
Notes and Bills Rediscounted _______ _ Other Liabilities -------------------

25,000.00 None
8,000.00 None None None None
254.37 None
199,094.12 7,489.00 None
None None None None

Total _____________________________$ 239,837.49

TWENTY-SECOND ANNUAL REPORT

5

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF COMMERCE Americus, Ga.

As called for by the Superintendent of Banks.

CHARLES F. CRISP, President.
Date of Charter: 10-13-1891

H. P. ANDERSON, Cashier.
Began Business: 1-2-1892

RESOURCES: Loans and Discounts________________ $ 1,232,424.36

State of Georgia and Municipal Ronds

owned --------------------------- 127,947.54

U. S. Government Securities owned__ 223,299.00 Other Bonds owned. ________________ _ 23,985.00

Banking House and Lot, Furniture and Fixtures_____________________

15,000.00

Other Real Estate owned_________ _ 12,833.37

Cash in Vault and Amount due from

approved Reserve Agents__________ 988,761.07

Checks for Clearing and Due from other Banks ____________________ _
Cash Items ________________________ _
Overdrafts ________________________ _

125,881.33 None 117.57

Advance on Cotton and other Commodities _________________________

5,675.69

Customers Liability on Letters of

Credit and Acceptances___________ _ Profit and Loss____________________ _ Other Resources____________________

None None None

Total _____________________________ $ 2,755,924.93

LIABILITIES: Capital Stock______________________ $ Capital Notes_______________________

65,000.00 None

Surplus Fund --------------------- 200,000.00

undivided Profits -----------------Reserve Funds_____________________

147,796.05 None

Due to Banks____________ ---------Dividends Unpaid __________________ _ Cashier's Checks __________________ _ Certified Checks___________________ _ Demand Deposits__________________ _

None None 4,256.50
None 1,576,196. 78

Time Certificates of Deposits_______ _ 153,127.41 Savings Deposits___________________ 609,548.19

Letters of Credit and Acceptances

executed for Customers____________ Bills Payable_______________________

None None

Notes and Bills Rediscounted_______ _

None

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

None

Total ---------------------------- $ 2,755,924.93

STATEMENT

Showing condition at the close of business December 31, 1941, of
CITIZENS BANK OF AMERICUS Americus, Ga.

LEE HUDSON, President.

As called for by the Superintendent of Banks. EVAN MATHIS, Cashier.

Date of Charter: 2-20-1937

Began Business: 3-25-1937

RESOURCES: Loans and Discounts_______________$
Staotweneodf _G_e_o_o_r_g_i_a__a_n_d___B_o_n__d_s__B_o_n_d_s_
U. S. Government Securities owned 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 ___________________ _

669,172.12
:None None 10,742.25 18,000.00 3,203.22 None
336,740.29
1,324.40 58.30 23.46
None
None None None

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___ --------------------Xotes 8nd Bills Rediscounted_______ _
Other Liabilities--------------------

50,000.00 None
20,000.00 13,948.26
None None None 8,108.44 None 585,533.44 163,921.01 197,752.89
None None None None

Total -----------------------------$ 1,039,264.04

Total -----------------------------$ 1,039,264.04

6

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1941, of
BOSTWICK BANKING COMPANY Arlington, Ga.

As called for by the Superintendent of Banks.

W. E. BOSTWICK, JR., President.
Date of Charter: 8-27-1935

CARL CLEMENTS, Cashier.
Began Business: 3-1-1936

RESOURCES: Loans and Discounts ______________$
State of Georgia and J\Iunicipal Bonds owned ____________________ _
L. S. G'Overnment Securities owned O'ther 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 !Jetters of Credit and Acceptances __________ _
Profit and Loss_______ . ____________ _
Other Resources _____________ _

Total

___ $

102,139.92
None 4,63.).03
X one 1,700.00 1,477.50
None
65,908.13
392.89 48.05 82.04
62,098.22
None None X one
238,481.78

LIABILITIES :
CCaappiittaall NStootceks _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
Surplus Fund _____________________ _ Undil'ided Profits __________________ _ Reserve Funds _____________________ _ Due to Ranks _____________________ _ Dividends t:npaid__________________ _ Cashier's Checks___________________ _ Certified Checks___________________ _ Demand Devosits___________________
Time Certificates of Deposits______ _ Saving~ Deposits ____________________ _
Letters of Credit and Acceptances executed for Customers___________ _
Bills Payable______________________ _
Xotes and Bills Rediscounted________ _ Other Liabilities___________________ _

15,000.00 None
3,000.00 None
9,404.20 6,576.49
900.00 None None
190,632.59 12,968.50 None
None None None None

Total ------------------------- _____ $ 238,481.78

STATEMENT

Showing condition at the close of business December 31, 1941, of

ASHBURN BANK Ashburn, Ga.

As called for by the Superintendent of Banks.

C. E. THRASHER, President.
Date of Charter: 7-3-1900

R. H. GREEN, Cashier.
Began Business: 7-1900

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____________________

317,280.11
None 22,325.00
None None 720.47 5,040.00
312,100.40
637.41 None 78.17
None
None None 6,498.50

Total ---------------------------- $ 664,680.06

LIABILITIES: Capital Stock__ --------------------$ Capital Notes______________________ _ Surplus :.F'und ____________________ _ Undivided Profits__________________ _ Reserve Funds _____________________ _ Due to Ranl<S _____________________ _ Dividends Unpaid __________________ _ Cashier's Checks__________________ _
Certified Checl<S------- ____________ _ 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 None
25,000.00 30,524.12
6,987.90 None None
509.20 None
365,404.99 71,227.56
115,026.29
None N"one None None

Total ___________________________ $ 664,680.06

TWENTY-SECOND ANNUAL REPORT

7

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE CITIZENS BANK OF ASHBURN Ashburn, Ga.

As called for by the Superintendent of Banks.

D. H. DAVIS, President.
Date of Charter: 7-27-1905

FRED RAINES, Cashier.
Began Business: 10-25-1905

RESOuRCES: Loans and Discounts------~~ ________ $ State of Georgia and :\Iunicipal
Bonds owned ____________________ _ U. S. Government Securities owned ___ Other Stocks and Bonds owned___ _ Banking House and Lot_ _________ _ Furniture and Fixtures_____________ O'ther Real Estate owned __ -----~ __ _ Cash in Vault and Amount due from
approved Reserve Agents _________ _ Checks for Clearing and Due from
other Banks_____________________
COavsehrdrIatfetsms-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~-_-_-_-_
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances____________
Profit and Loss_____________________ Other Resources ____________________
Total _____________________________ $

83,350.17
6,100.56 6,700.00 5,400.00 8,200.00 1,000.00
None
339,759.83
2,344.34 898.02 None
None
None X one None
453,752.92

LIABILITIES: Capital Stock__~ ____________________ $ Capital Notes ______~-- ______________ _ Surplus Fund _____________________ _ Unuhided Profits_________________ _ Reserve lfunds _____________________ _
Due to Ran]{g _________ ------------- Dividends Unpaid __________________ _
Cashier's Checl{g ____________________ Certified Checks-----~~- ___________ _ Demand Deposits __________________ _ Time Certificates of Deposits______ _ Sa rings Deposits ___________________ _
Letters of Credit and Acceptances executed for Customers __________ _
Bills Payable ____________________ ~ __
Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

25,000.00 Xone
30,000.00 25,002.30
None None None 912.60 592.00 264,772.17 22,534.35 84,939.50
None X one None
~one

Total -----------------------~-----$ 453,752.92

STATEMENT

Showing condition at the close of business December 31, 1941, of

AMERICAN SAVINGS BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

CHAS. D. CLARKE, President.
Date of Charter: 12-27-1886

EUGENE G. WEBB, Cashier.
Began Business: 1887

RESOURCES:

Loans and Discounts_______________$ 1,172,932.46

State of Georgia and Municipal

Bonds owned __ -------------------

None

U. S. Government Securities owned __ 266,673.14

Other Stocks and Bonds owned_____ _

None

Banking House and Lot____________ _ 131,456.80

Furniture and Fixtures ____________ _

2,500.00

Other Real Estate owned __________

6,630.50

Cash in Vault and Amount due from

approved Reserve Agents

59,467.17

Checks for Clearing and Due from other Banks _____________________ _
Cash Items________________________ _

20,486.48 556.74

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

None

Advance on Cotton and other Commoodities _______________________ _

None

Customers Liability oon Letters of

Credit and Acceptances___________ _ Profit and Loss____________________

None None

Other Resources____________________

9,246.15

Total __ --------------------------$ 1,669,949.44

LIABILITIES : Capital Stoock_____________________$ 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____________________

200,000.00 None
100,000.00 20,995.96 22,500.00
None None None None None 190,702.50 849,800.96
None None None 285,950.02

Total ______ -----------------------$ 1,669,949.44

8

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF ATLANTA Atlanta, Ga.

As called for by the Superintendent of Banks.

C. N. DAVIE, President.
Date of Charter: 9-20-1941

E. J. STRIPLIN, Cashier.
Began Business: 12-1-1941

RESOURCES; Loans and Discounts________________$
State of Georgia and Municipal Bonds o"ned -------------------------- __
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___________________ _

43,805.16
31,249.05 9,000.00 None 28,111.94 5,674.71 None
148,893.21
None None None
None
None None 1,087.94

LIABILITIES : Capital Stock__________ ------------$ Capital ::-1otes______________________ _ 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--------~------ ____ _

100,000.00 None
20,000.00 9,294.73 None None None 1,140.65 None
95,698.72 30,000.00 11,673.17
None None None 14.74

Total ------------------------------$ 267,822.01

Total -----------------------------$ 267,822.01

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS TRUST COMPANY Atlanta, Ga.

As called for by the Superintendent of Banks.

L. D. MILTON, President.
Date of Charter: 6-16-1921

JOHN F. COOK, Cashier.
Began Business: 8-16-1921

RESOURCES: Loans and Discounts ---------------$ State. of Georgia and Municipal Bonds
owned -------------------------U. S. Government Securities owned__ Other 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-
m0dities ------------------------Customers Uabillty on Letters of
Credit and Acceptances__________ _ Profit and Loss ____________________ _ Other Resources___________________ _

368,715.31
77,690.12 137,947.38
40,643.92 None
12,750.00 10,679.95
255,044.05
7,637.23 None
131.25
None
None None 13,524.30

Total ------------------------------$ 924,763.51

LIABILITIES : Capital Stock_______________________$
CSuarppitlauls NFotuensd-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_ __ 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____________________

50,000.00 20,750.00 15,000.00
1,302.31 17,074.88 97,500.00
None 7,419.90 1,022.52 220,604.84 105,085.42 387,989.53
None None None 1,014.11

Total _________________ --------------$ 924,i63.51

TWENTY-SECOND ANNUAL REPORT

9

STATEMENT

Showing condition at the close of business December 31, 1941, of

EAST ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

M.A. THOMPSON, President.
Date of Charter: 11-11-1910

L W. ARNOLD,
Cashier. Began Bu~iness: 11-15-1910

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 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_____________________

583,644.56
18,425.00 4 7,650.00 9,000.00
8,780.68 3,725.94 2,439.39
321,583.34
46,032.44 230.77 None
None
None None None

Total ---------------------------$ 1,041,512.12

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 9,500.00 25,000.00 11,449.93 12,866.00
None 750.00 2,165.92
None 501,079.24
None 453,701.03
None None None None

Total

-----$ 1,041,512.12

STATEMENT

Showing condition at the close of business December 31, 1941, of

GEORGIA SAVINGS BANK & TRUST CO. Atlanta, Ga.

As called for by the Superintendent of Banks.

GEORGE M. BROWN, President.
Date of Charter: 10-26-1889

R. E. GORMLEY, Vice-President. Began Business: 9-1-1899

RESOURCES: Loans and Discounts________________ $ 3,812,547.44

State of Georgia and Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned__ 621,843.00

Other Stocks and Bonds owned_____ _ 2,706,563.88 Banking House and Lot____________ _ 347,763.33

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

1.00

Other Real Estate owned _________ _ 104,851.83

Cash in Vault and Amount due from approved Reserve .Agents _________ _ 523,542.54

Checks for Clearing and Due from other Banks____________________,_
Cash Items_________________________
Overdrafts __________ ----------------

25,645.41
196.44 None

Advance on Cotton and other Com-

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

None

Customers Liability on Letters of Credit and .Acceptances__________ _
Profit and Loss ____________________ _ Other Resources_____________________

None
None None

Total ------------------------------$ 8,142,954.87

Capital Stock_____L__IA__B_I_L__IT__IE__S_:_____$ 500,000.00

Capital Notes_______________________ 470,000.00 Surplus Fund_____________________ _ 100,000.00

Undivided Profits__________________ _ 82,556.85

RDeuseertvoe BFaunnkdss.._-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

284,303.47 None

Dividends Unpaid___________________ Cashier's Checks___________________ _ Certified Checks___________________ _

66.00 None
None

Demand Deposits___________________ 177,010.55

Time Certificates of Deposits_______ _ 717,867.01 Savings Deposits ___________________ _ 5,049,803.00

Letters of Credit. and .Acceptances

executed for Customers___________ _ Bills Payable_________ __________ _

None None

Notes and Bills Rediscounted _______ _

None

Other Liabilities____________________ 761,347.99

Total -----------------------------$ 8,142,954.87

10

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE MORRIS PLAN BANK OF GEORGIA Atlanta, Ga.

As called for by the Superintendent of Banks.

JOSEPH E. BIRNIE, President.
Date of Charter: ll-27-1933

C. T. GREER, Cashier.
Began Business: 12-5-1933

RESOURCES: Loans and Discounts _______________$ 4,363,752.95

State of Georgia and }lunicipal Bonds

owned _____________ ---------------

6,148.38

U. S. Government Securities owned__ 51,600.00

Other Stocks and Bonds owned_____ _ Banking House and Lot_ ___________ _ Furnlture and Fixtures____________ _

None None 15,986.35

Other Real Estate owned ___________ _ 20,816.2b

Cash in Vault anu Amount due from

approYed Reserve Agents _________ _ 475,457.88

Checks for Clearing and Due from

other Banks_____________________ _ 105,854.73

COavsehrdrIatfetsm_s_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

1,356.35 408.00

Advance on Cotton and other Commodities ________________________ _

None

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss ____________________ _ Other Resources___________________ _

None Kone 10,695.25

Total -----------------------------$ 5,052,076.17

LIABILITIES: Capital Stock_______________________ $ Capital Notes______________________ _ Surplus Fund _____________________ _

200,000.00 None
75.000.00

t:ndiviled Profits __________________ _ Reserve Funds ______________________ _
Due to Banks_____________________ _
Dividends Unpaid___________________ Cashier's Checks ___________________ _

53,370.65 305,678.89
55,000.00 None
37,479.32

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

302.72

Demand Deposits __________________ _ 539,695.35

Time Certificates of Deposits ______ _ 1,337,795.99 Savings Deposits __________________ _ 2,447,243.41

Lettrrs of Credit and Acceptances

executed for Customers____________ Bills Payable______________________ _

None None

:\otes and Bills Rediscounted _______ _ Other Liabilities ___________________ _

None 509.84

Total -----------------------------$ 5,052.076.17

STATEMENT

Showing condition at the close of business December 31, 1941, of

NORTHWEST ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

A. 0. LINCH, President.
Date of Charter: 3-31-1938

0. L. COFFMAN,
Cashier. Began Business: 6-15-1938

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____________________ _

618,546.40
None 67,439.84 25,112.86 27,484.51 3,107.12 10,504.18
175,835.67
None None None
None
None 1,724.70

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_______ _ Sa~ings Deposits ___________________ _
Letters of Credit and Acceptances executed for Customers ___________ _
Bills Payable_______________________
Notes and Bills Rediscounted _______ _ Other Liabilities ___________________ _

75.000.00 None
25,000.00 9,616.94 None None 565.00 7,949.21 1,863.24
438,020.97 120,000.00 251,624.41
None None None 115.51

Total ___________ -------------------$ 929,755.28

Total ------------------------ _----$ 929,755.28

TWENTY-SECOND ANNUAL REPORT

ll

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE PEOPLES BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

R- R LANHAM, President.
Date of Charter: 8-13-1935

W. S. RAY, CashierBegan Business: 8-31-1935

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned ___________________________
U. S. Government Securities owned__ Other Storks and Bonds owned_____ _ Banking House and LoL ____________ Furniture and Fixtures ______________ Other I!eal Estate owned ____________ _ Cash in Vault and Amount due from
approYed 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 ___________________ _

627,860.67
None None None X one X one None
45,887.57
None X one None
None
None None 738.40

rota! ________ - ----------------------$ 674,486.64

LIABILITIES: Capital Stock_______________________$ Capital Notes ______________________ _ Surplus Ji1Und _____________________ _ l!ndiviled 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 _______________________
Xotes and Bills Rediscounted________ Other Liabilities____________________

50,000.00 None
10,000.00 31,356.95
None None None None 300.00 22,964.11 17ri,200.0Q 383,222.50
None None None 1,443.08

Total _____________________________ $ 674,486.84

STATEMENT

Showing condition at the close of business December 31, 1941, of
SOUTHERN SAVINGS BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

J. G. BURCKHARDT, JR., President.
Date of Charter: 12-5-1934

BESSIE BOLEN, Cashier.
Began Business: 1-1-1935

RESOURCES: Loans and Discounts ________________ $
State of Georgia and Municipal Bonds o"'ned ________ --------------- __
U. S. Government Securities owned __ Other Stocks and Bonds owned-----Banking House and Lot_ ___________ _ }.,urniture and :H1ixtures ___________ _
Other Real Estate owned __ Cash in Vault and Amount due from
approoved Reserve Agents _______ _
Checi<S for Clearing and Due from other Banl{s ____________________ _
Cash Items _______________________ _
Overdrafts _____ --------------------Admvoadnicteieson___C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss _______ -------- _____ _ Gther Resources ___________________ _

252,940.67
None None X one None 243.02 X one
38,582.67
X one None None
None
None 1\one 888.75

Total

- ---------------------$ 292,655.11

LIABILITIES: Ca!lital Stock ____________________ $ Capital Notes____________________ __ Hurplus Fund_____________________ _ rnchvided 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 ______________________ _
Xotes and Bills Rediscounted _______ _ Other Liabilities___________________ _

50,000.00 None
10,000.00 6,428.88 6,402.59 None None None None None
110,500.00 109,072.32
X one None None 251.32

Total ___ --~---- __________________ $ 292,655.11

12

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

SOUTH SIDE ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

WALTER ESTES, President.
Date of Charter: 6-24-1929

E. COWAN,
Cashier. Began Business: 7-1-1929

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds o'\vned --------------------------
U. S. Government Securities owned__ Other Stocl<s 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 ____________________ _

232,200.33
103,819.06 133,410.45
2,000.00 7,618.00 2,545.04 10,535.93
163,017.07
4, 701.53 424.00 73.15
4,114.07
None None 43,378.58

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 None
27,500.00 1,745.62 None None 1,500.00 579.02 103.24
341,394.30 None
304,985.74
None None None 5,029.29

Total ______ -----------------------$ 707,837.21

Total -----------------------------$ 707,837.21

STATEMENT Showing condition at the close of business December 31, 1941, of

TRUST COMPANY OF GEORGIA Atlanta, Ga.

As called for by the Superintendent of Banks.

ROBERT STRICKLAND, President.
Date of Charter: 9-21-1891

DAMERON BLACK, Treasurer.
Began Business: 11-8-1891

RESOURCES: Loans and Discounts ______________ $25,431,911.09

Stoawteneodf G__eo_r_g_i_a__a_n_d__M__u_n_ic_i_p_a_l_B__o_n_d_s 2,583,668.53

U. S. Government Securities owned__ 7,686, 746.53

Other Stocks and Bonds owned____ _ Banking House and Lot___________ _ Ji~urniture and Fixtures ____________ _
Other Real Estate owned__________ _

1,503,041.52 1,233,603.34
None 311,360.74

Cash In Vault and Amount due from approved Reserve Agents __________ 20,808,770.79

Checks for Clearing and Due from other Banks_____________________ _
Cash Items________________________ _

None None

Overdrafts _______ -------------------

None

Advance on Cotton and other Commodities ________________________ _

None

Customers' Liability on Letters of Credit and Acceptances__________ _
Profit and Loss ____________________ _ Other Resources____________________

None None 504,689.17

Total ______________________________$60 ,063,791.71

LIABILITIES: Capital Stock_______________________ $ 2,000,000.00

Capital Notes_______________________

None

Surplus Fund_______________________ 3,000,000.00

Undivided Profits____________________ 552,268.46

Reserve Funds______________________ 451,612.71

Due to Banks ______________________ 16,246,314.48

Dividends Unpaid___________________

None

Cashier's Checks____________________ 1,449,901.99

Certified Checks______________________

None

Demand Deposits ____________________ 32,261,448.61

Time Certificates of Deposits________ 715,294.93

Savings Deposits____________________ 2,616,156.25

Letters of Credit and Acceptances

executed for Customers____________

None

Bills Payable_______________________

None

Notes ani Bills Rediscounted________

None

Other Liabilities____________________ 770,794.28

Total _________ --------------------$60,063,791.71

TWENTY-SECOND ANNUAL REPORT

13

STATEMENT Showing condition at the close of business December 31, 1941, of

GEORGIA RAILROAD BANK & TRUST CO. Augusta, Ga.

As called for by the Superintendent of Banks.

CHARLES H. PHINIZY, President.
Date of Charter: 11-15-1892

SHERMAN DRAWDY, Cashier.
Began Business: 12-31-1892

RESOURCES:

Loans and Discounts ____________ $ 6,305,741.13

State of Georgia and Municipal Bonds

O\Yned ----------------------- __ _ 1,141,288.43

li. S. fiovernment Securities owned __ 1,952,707.84

Other Stocks and Bonds owned_____ _ Banking House and Lot_ ____________ _ .l!~urniture and Fixtures ___________ _

111,383.64 138,184.39
26,314.17

Other Real Estate owned___________ _ 124,367.99

Cash in Vault and Amount due from

approved Reserve Agents _________ _ 6,397,287. 75

Checks for Clearing and Due from other Banks_____________________ _
Cash Items _________________________ _

None None

Overdrafts __ -----------------------

'Xone

Advance on Cotton and other Com-

modities --------------- _________ _

None

Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss ____________________ _ Other Resources___________________ _

54,774.05
None 114,203.76

Total _______________ ------------$16,366,253.15

LIABILITIES : Capital Stock_____________________ _ Capital Notes ________________________ _
Surplus Fund _-------------------Undivided Profits __________________ _ Reserve Funds _____________________ _ llue tfl Banks _____________________ _ Dividends Unpaid__________________ _ Cashier's Checks ___________________ _
Certified Checks__________ -------" __ Demand Deposits__ _____________ _ Time Certificates of Deposits_______ _ Savings Deposits __________________ _
Letters of Credit and Acceptances executed for Customels ___________ _
Bills Payable __________ ----------- __ _ Notes and Bills Rediscounted _______ _ Other Liabilities ___________________ _

750,000.00 :<ione
500,000.00 184,753.18
Xone 4,943,834.12
None 118,581.88
X one 5,827,270.93
None 3,918,174.49
54.77 4.05 :Xone
~one
68,864.50

Total ____________________________ $16,366,253.15

STATEMENT Showing condition at the close of business December 3I, 1941, of

REALTY SAVINGS BANK Augusta, Ga.

As called for by the Superintendent of Banks.

J. LEE ETHEREDGE,
President. Date of Charter: 12-23-1933

L. W. LYETH, Cashier.
Began Business: 12-23-1933

RESOURCES:

Loans and Discounts ________ -------$ 1,378,914.66

State of Georgia and Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned__ 105,272.46

Other Stocks and Bonds owned _____ _

7,027.50

Banking Hoouse and Lot___________ _ 15,302.14

Furniture and Fixtures ____________ _

1.00

Other Real Estate owned__________ _ 99,461,79

Cash in Vault and Amount due from

approved Reserve Agents _________ _ 234,130.06

Checks for Clearing and Due from

C aosthh eIrt eBmasn_k__s ________-_-_-_-_-_-_-_-_-_- _- -_-_-_-_-_-_-_- -_

1,158.55 None

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

None

1-dvanee orr Cotton and other Com-

modities ______ -------------------

None

Customers Liability on Letters of

Credit and Acceptances__________ _

None

Profit and I.oss____________ --------Other Resources____________________ _

None 6,192.87

Total _____ _:_______________________$ 1,847,461.03

LIABILITIES: Capital Stock______________________ $ Capital Notes______________________ Surplus Fund_____________________ _

100,000.00 64,100.00 50,000.00

Unlivided Profits__________________ _ Reserve Funds _____________________ _

52,858.24 1,288.15

DDiuveidetondsBaUnnkpsai-d-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

None None

Certified Checks __________________ _

~one

Cashier's Checks___________________ _

None

Demand Deposits__________ _______ _

None

Time Certificates of Deposits ______ _ 187,010.51

Savings Deposits___________________ _ 1,387,845.38

Letters of Credit and Acceptances

executed for Customers ___________ _

None

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

None

Notes and Bills Rediscounted _______ _

None

Other Liabilities___________________ _

4,358.75

Total _____________________________ $ 1,847,461.03

14

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

AUSTELL BANK Austell, Ga.

As called for by the Superintendent of Banks.

R. M. BROWN, Vice President.
Date of Charter: 13-1910

C. C. PERKERSON. Cashier.
Began Business: 1-10-1910

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 li"ixtures ____________ _ 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___________________ _

281,169.86
59,106.50 15,000.00
5,088.98 None
2,745.00 9,173.75
178,636.59
152.26 63.63
1,098.68
None
None None 665.52

Total ,----------------------------$ 552,900.77

LIABILITIES: Capital Stock_______________________$ Capital Notes_____________________ _ Surplus Fund_______________________
RUensdeirvviededFuPnrdosf_i_ts__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Due to Banks ___ ----~-------------Dividends 17npaid___________________ 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 15,000.00
5,000.00 3,760.25 5,250.00 35,000.00
None 150.66 874.25 321,589.69 53,318.18 97,957.74
None None None None

Total ____________________________ $ 552,900.77

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK & TRUST CO. Bainbridge, Ga.

As called for by the Superintendent of Banks.

H. L. GANS, President.
Date of Charter: 11-8-1911

W. N. HILTON,
Cashier. Began Business: 12-19-1911

RESOURCES: Loans and Discounts---~~----------$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned ____ _ Banking House and LoL___________ _ Furniture and Fixtures______________
Other Real Estate owned--~~------- Cash in Vault and Amount due from
approve! 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 J,oss _________ -----------Other Resources___________________ _

494,847.12
None 69,300.00
4,500.00 None
3,116.02 13,651.00
892,923.95
None None None
None
None None 2,360.75

Total ____________________________ $ 1,482,700.84

LIABILITIES: Capital Stock_______________________$ Capital Notes ______________________
Surplus Fund~--------------------Undivided Profits___________________
RDeuseerveto FuBnadnkss--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_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 Dediscounted______ _ Other Liabilities ___________________ _

75,000.00 50,000.00 25,000.00 17,503.73
3, 746.27 44,235.84
None 8,139.28
None 756,751.91
None 502,178.32
None None None 145.49

Total ------------------------- _____$ 1,482,700.84

TWENTY-SECOND ANNUAL REPORT

15

STATEMENT
Showing condition at the close of business December 31, 1941, of
CITIZENS BANK Ball Ground, Ga.

As called for by the Superintendent of Banks.

M. G. HENDRIX, President.
Date of Charter: 9-28-1926

B. R. JONES, Cashier.
Began Business: 10-1-1926

RESOURCES: Loans and Discounts ___________ -----$ State of Georgia and Municipal Bonds
owned ___________________________ _
U. S. G4overnment Securities owned __ Other Stocl<s and Bonds owned _____ _ Banking House and l.oL ___________ _ 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 ___________________

107,398.3.5
13,000.00 52,300.00
None 1.00 1.00
None
158,549.00
40,000.00 19.00 215.17
None
None None None

Total -----------------------------$ 371,483.52

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_____________________ _
Xotes ard Bills Rediscounted ________ _ Other Liabilities __________________ _

15,000.00 None
5,000.00 24,019.07
None None None 250.00 None 245,377.63 81,832.22 None
None None None
4.60

Total

-----------------------$ 371,483.52

STATEMENT

Showing condition at the close of business December 31, 1941, of

BAXLEY STATE BANK Baxley, Ga.

As called for by the Superintendent of Banks.

E. E. MILES, President.
Date of Charter: 8-23-1917

N. D. PADGETT,
Cashier. Began Business: 8-25-1917

RESOURCES: Loans and Discounts _______________ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. GoYernment Securities owned __ Other Stocks and Bonds owned _____ _ Banking House and Lot_ ___________ _ Furniture and Fixtures ____________ _ Other Real Estate owned _ _ Cash in Yault and Amount due from
avvroved Reserve Agents Checks for Clearing and Due from
other BanJ\:s______________________ _ Cash Items _______________________ _ Overdrafts _______________________ _
Advance on Cotton and other Commodities _____________________ _
Customers Liability on Letters of Credit and Acceptances __________ _
Profit and Loss ____________________ _ Other Resources __________________ _
Total _____________________ --------$

302,982.73
10,393.28 3,000.00 None None 4,620.50 2,300.00
247,710.64
None X one X one
73,103.48
None X one None
644,110.63

LIABILITIES : Capital Stock ____________________ $
Capital Xotes ___________________ _ Surplus Funds ___________________ _
r:ndivided Profits ________________ _ Reserve Funds _________________ _ Dne 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 __________ _
Xotes and Bills Rediscounted ____ _ Other Liabilities___________________ _

2o,OOO.OO 16,000.00 10,000.00
4.10 4,000.00
None 1,"i00.00 2,350.38
None 406,4Sn.75 107,678.40
71,088.00
X one None X one
Non~

Total ______________________________ $ 644,110.63

16

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE BLACKSHEAR BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

LEO J. ALLEN,
President. Date of Charter: 9-11-1891

N. W. BURT, Cashier.
Began Business: 7-7-1892

HESOURCES: 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 ___________________ _
Total . _____________________________ $

266,039.01
None 81,218.73 3,000.00
Xone 1,698.74 6,600.00
342,851.70
None
~one
None
None
None None 30.00
701,438.20

LIABILITIES: Capital Stock_______________________$ Capital Notes______________________ _
Surplus Fund _______ --------------Undivided Profits__________________ _ Reserve Funds_____________________ _ Due to Banks_____________________ _ Dividends Unpaid__________________ _ Cashier's Checks__________________ _
CDeermtiafinedd CDhepeocskitss-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Time Certificates of Depcsits _______ _ Savings Deposits __________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable ______________________ _
Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

50,000.00 None
50,000.00 73,260.28
None 15,000.00
None 1,003.56
None 370,535.28
None 141,610.10
None None None 28.98

Total ------------------------------$ 701,438.20

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF EARLY Blakely, Ga.

As called for by the Superintendent of Banks.

R. C. SINGLETARY, President.
Date of Charter: 4-3-1941

H. A. WALTON, Cashier.
Began Business: 4-28-1941

ItESOURCES: 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 _________________________ _
A dmvoadnictei e so n___C_o_t_to__n__a_n_d___o_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Acceptances___________ _
P1cfit tind Loss____________________ _ Other Resources___________________ _
Total ______________________________ $

156,569.50
None None None 6,500.00 1,147.17 None
193,091.67
5,709.16 None Kone
2,575.44
None None None
365,592.94

LIABILITIES: Capital Stock __________________ -----$ Capital Notes______________________ _ Surplus Fund ______________________ _ Undiviled Profits__________________ _ Reserve Funds _____________________ _
Due to Banks---------------------Dhidends lJnpaid ___________ ---- ___ _ Cashier's Checks__________________ _
Certified Checks-------------------Demand Deposits ____ -------------Time Certificates of Deposits_______ _ Savings Deposits____________________
Letters of Credit and Acceptances executed for Customers __________ _
Bills Payable----------------------Xotes and Bills Rediscounted _______ _ Other Liabilities-------------------

30,000.00 None
6,000.00 142.66
~one
None None 2,188.33 None 308,770.57 None 18,491.38
None None None None

Total _----------------------------$ 365,592.94

TWENTY-SECOND ANNUAL REPORT

17

STATEMENT

Showing condition at the close of business December 31, 1941, of

FIRST STATE BANK Blakely, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 5-15-1937

GRADY SMITH,
Cashier. Began Business: 5-15-1937

RESOURCES: Loans and Discounts ________________$ 428,129.07

State of Georgia and Municipal Bonds

owned ---------------------------

5,784.10

U. S. Government Securities owned__ 44,000.00

Other Stocks and Bonds owned_______ _

None

Banking House and Lot_ ___________ _ :Furniture and Fixtures ______________

3,475.00 2,460.55

Other Real Estate owned_________ _

181.00

Cash in Vault and Amount due from

approYed Reserve Agents _________ _ 312,446.69

Checks for Clearing and Due from other Banks_____________________ _
Cash Items________________________ _ Overdrafts ________________________ _

1,382.43 None
1,784.73

Advance on Cotton and other Com-

modities ________ --------------------

15,220.46

Customers Liability on Letters of Credit and Acceptances_ __________ _
Profit and Loss___________________ _ Other Resources____________________ _

None None None

Total ______________ ,. ______________ $ 814,864.03

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______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities____________________

50,000.00 None
50,000.00 24,282.74 16,500.00
None 828.00 19,132.47 None 502,239.90 15,000.00 136,304.19
None None None 576.73

Total ______________ . _______________ $ 814,864.03

STATEMENT

Showing condition at the close of business December 31, 1941, of

FANNIN COUNTY BANK Blue Ridge, Ga.

As called for by the Superintendent of Banks.

]. M. EATON, JR., President.
Date of Charter: 5-28-1916

W. E. HENSLEE, Cashier.
Began Business: 6-6-1916

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-
nwdities _____ --- ______________ --Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss____________________ _ Other Resources___________________ _
Total _____________________________ $

147,117.46
60,162.95 39,810.50
2,510.00 14,000.00
4,000.00 15,195.80
237,713.77
26,203.69 None 36.14
None
X one None 3,863.54
550,613.85

LIABILITIES : Capital Stock______________________ $ Capital Notes_____________________ _
~urplus Fund -------------------Undivided Profits_________________ _ Reserve Funds_____________________ _ Due td' Banks_______________________ _ Dividends Unpaid __________________ _ Cashier's Checks____________________ _
Demand Deposits ___ ---------------f'ertified Checks____________________ _
Time Certificates of Deposits_______ _ S:n'ings Deposits _________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable _______________ -------Notes and Bills Rediscounted _____ _ Other Liabilities______________ ------

15,000.00 11,750.00
3,000.00 977.00
4,750.00 None None
6,205.23 288,827.12
None 17,967.36 202,137.14
None None None None

Total -----------------------------$ 550,613.85

18

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE FARMERS BANK Blythe, Ga.

As called for by the Superintendent of Banks.

T. M. NICKLES, President.
Date of Charter: 8-28-1909

T. M. NICKLES, Cashier.
Began Business: 9-1-1909

RESOURCES: Loans and Discounts---------------$ State of G<eorgia 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_____________________ Cther Resources____________________ _
Total ------------------ ___________$

90,809.02
4,356.00 6,128.92
None 1,300.00
None 200.00
46,286.73
None None 584.42
None
None None None
149,665.09

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
5,000.00 879.99 None
4,337.77 33.60
798.75 None
47,711.32 47,500.00 28,403.66
None None None None

Total -----------------------------$ 149,665.09

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE COMMERCIAL BANK Bowdon,. Ga.

As called for by the Superintendent of Banks.

J. H. BARR,
President. Date of Charter: 9-20-1926

M. L. JOHNSON, Cashier.
Began Business: 9-20-1926

RESOURCES: Loans and Discounts________________$ 93,567.66

Stat<: of Georgia and Municipal Bonds

owned --------------------------- 14,850.00

U. S. Government Securities owned__ 61,750.00

Other Stocks and Bonds owned_______ _

None

Banking House and Lot, Furniture

and Fixtures____________________ _

2,000.00

Other Real Estate owned___________ _

None

Cash In Vault and Amount due from

approved Reserve Agents _________ _ 194,453.87

Checks for Clearing and Due from other Banks_____________________ _
Cash Items________________________ _

None None

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

123.12

Advance on Cotton and other Com-

modities -------------------------- 8,544.11

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss ____________________ _ Other Resources____________________ _

None None None

Total _____________________________ $ 375,288.76

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. ______ _ Oiher Liabilities_________ -----------

25,000.00 None
25,000.00 18,745.14
1,000.00 None None
1,776.84 None
288,974.47 14,792.31
None
None None None None

Total _____________________________$ 375,288.76

TWENTY-SECOND ANNUAL REPORT

19

STATEMENT

Showing condition at the close of business December 31, 1941, of

BRUNSWICK BANK & TRUST CO. Brunswick, Ga.

As called for by the Superintendent of Banks.

F. D. AIKEN, President.
Date of Charter: 9-10-1889

W. E. GEIGER, Cashier.
Began Business: 1889

RESOURCES: Loans and Discounts _______________$
Stoawteneodf G__e_o_rg_i_a__a_n_d__M__u_n_i_c_ip_a_l__B_o_n__ds_
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 CaoshtheIrteBmasn_k_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_-_ Overdrafts ________________________ _
Advance on Cotton and other Commodities -------------------------
Customers Liability on I.etters of Credit and Acceptances__________ _
Profit and Loss____________________ _ Other Resources ____________________ _

785,481.68
279,314.03 405,185.98 108,913.86
25,000.00 10,000.00 14,548.14
709,230.36
None None None
None
None None 8,951.72

Total __ _______ __________________$ 2,346,623. 77

LIABILITIES : Capital Stock_______________________$ Capital Notes______________________ _
Surplus Fund______________________

230,000.00 None
80,000.00

Undivided Profits__________________ Reserve Funds_____________________ _ Due to Banks____________________ _

5,000.00 25,000.00 13,379.94

Dividends Unpaid___________________

None

Cashier's Checks____________________ 16,731.02

Certified Checks___________________ _

None

Demand Deposits__________________ _ 1,385,248.50

Time Certificates of Deposits________

None

Savings Deposits__________________ _ 580,686.76

Letters of Credit and Acceptances

execulied for Customers____________ Bills Payable_______________________

None None

Xotes and Bills Rediscounted_______ _ Other Liabilities____________________

None 10,579.55

Total ______________ --------------$ 2,346,625.77

STATEMENT

Showing condition at the close of business December 31, 1941, of
HARALSON COUNTY BANK Buchanan, Ga.

As called for by the Superintendent of Banks.

J. L. EAVES,
President.
Date of Charter: 12-3-1909

H. G. RICHARDSON, Cashier.
Began Business: 12-4-1909

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds owned ---------------------------
{;. 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____________________

125,978.15
None 3,500.00
None 900.00 900.00 250.00
403,767.75
1,870.28 None
3,650.88
None
None None 29.78

Total ______ . ----------------------$ 540,846.84

LIABILITIES: Capital Stock_ c____________________ $ Capital Notes______________________ _
Surplus Fund__________ ------------Undivided Profits_________________ _
Reserve Funds_________ ------------Due to Banks _____________________ _ Dividends Unpaid___________________
Cashier's Checks~-~~~~~----~-------~ Certified Checks ___________________ Demand Deposits___________________
Time Certificates of :Jeposits______ _
Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________ _ Bills Payable_______________________
~otes and Bills Rediscounted _______ _ Other Liabilities____________________

40,000.00 None
15,000.00 5,738.97 1,027.07
None 3,200.00
679.59 None 454,214.59 20,986.62 None
None None None None

Total _________ ---------------------$ 540,846.54

20

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
BUENA VISTA LOAN & SAVINGS BANK Buena Vista, Ga.

As called for by the Superintendent of Banks.

WM. C. WOOTEN, President.
Date of Charter: 9-22-1887

CLARKE W. DUNCAN, Cashier.
Began Business: 9-1-1889

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____________________ _
Total __________ -------------------$

192,701.34
45,670.00 20,500.00
8,830.00 1.00 1.00 1.00
118,182.63
X one None None
64,391.87
None None None
450,278.84

LIABILITIES: Capital Stock______________________$ Capital Xotes______________________ _
Surplus Fund ______________________ _ Undivided Profits_________________ _ Reserve Funds _____________________ _ Due to Banks___________________ _ Dhidends L:npaid __________________ _ Cashier's Checks__________________ _
Certified Checks ------------------Demand Deposits__________________ _ Time Certificates of Deposits_______ _
Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________ _ Bills Payable_. _____________________
Xotes and Bills Rediscounted_______ _ Other Liabilities____________________

30,000.00 None
17,000.00 13,592.21
None 50,000.00
a10.00 279.55 None 285,782.13 53,114.95 None
None None None None

Total .. ______________________ -----$ 450,278.84

STATEMENT

Showing condition at the close of business December 31, 1941, of

SHADBURN BANKING COMPANY Buford, Ga.

As called for by the Superintendent of Banks.

MRS. KATE ALLEN SHADBURN, President.
Date of Charter: 1-23-1901

J. F. HAMILTON.
Cashier. Began Business: 2-11-1901

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_________ _ Checl<s for Clearing and Due from CaosthheIrtemBsan_k_s__.-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-
Overdrafts ______ ------------------Advance on Cotton________________ _
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ Other Resources ___________________ _

91,125.08
None 5,000.00 3,447.50
None 1.00 35,545.23
110,006.79
None None None 32,153.91
None 1,902.00 2,734.00

LIABILITIES: CCaappiittaall NStootecsk__-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_$ Surplus Fund _____________________ _ t:ndivided 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___________________ _

40,000.00 None
5,000.00 None None None None
1,069.40 None
206,095.70 3,948.17 25,802.24
None None None X one

Total _________________________ ------$ 281,915.51

Total ------------------------------$ 281,915.51

TWENTY-SECOND ANNUAL REPORT

21

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE CITIZENS STATE BANK Butler, Ga.

As called for by the Superintendent of Banks.

J. W. EDWARDS,
President.
Date of Charter: 9-4-1926

L. R. ADAMS, Cashier.
Began Business: 9-4-1926

RESOURCES: Loans and Discounts________________ $ State of Georgia and Municipal Bonds
owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banldng 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____________________ _
Total ~~---~------- ___________________ $

67,587.22
5,000.00 16,960.45
None None
1.00 1.00
160,148.26
None None None
12,652.91
None None None
262,350.84

LIABILITIES: Capital StocL. _--------------------$ 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
24,000.00 205.74 None None
3,750.00 696.28 None
218,698.82 None None
None None None None

Total ----------------------------- ~ $ 262,350.84



STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF BYROMVILLE Byromville, Ga.

As called for by the Superintendent of Banks.

J. D. LESTER, SR.,
President.
Date of Charter: 7-19-1920

S. H. BUXTON, Cashier.
Began Business: 7-26-1920

RESOURCES: Loans and Discounts ______________ $ State of Georgia and Municipal Bonds
o'vned ___________________________ _
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 __________ Checi<s for Clearing and Due from
other Banl<S_____________________ _
Cash Items -----------------------Overdrafts --~ _____________________ _
Advance on Cotton and other Commodities _________________________
Customers Liability on Letters of Credit and Acceptances___________
Profit and Loss____________________ _ Other Resources____________________ _

53,229.17
None None None 900.00 350.00
~one
41,628.11
None None None
28,969.27
:Kone None None

Total

----------- _____________$ 125,076.55

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______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities____________________

15,000.00 5, 725.00 5,000.00 3,207.54 3,387.00 !\Tone
1,200.00 243.62 None
61,586.84 29,726.55
None
None None None None

Total ----------- ________________ ..$ 125,076.55

22

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1941, of
CAIRO BANKING CO. Cairo, Ga.

As called for by the Superintendent of Banks.

HENRY HESTER, President.
Date of Charter: ll-23-1903

H. E. .\IcKINNON, Cashier.
Began Business: ll-23-1903

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 Com-
modities ------------------------Customers' Liability on Letters of
Credit and Acceptances___________ Profit and Loss_____________________ Other Resources____________________

5:i6,473.72
11,141.98 33,100.00
1.00 5,353.00
865.00 3,000.00
343,803.94
2,575.12 None None
132,149.36
None None 15,430.00

Total -----------------------------$ 1,103,893.12

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___________________ _

30,000.00 13,000.00 25,000.00
2,466.12 4,635.19 2,000.00 :J,265.00 3,456.11
210.00 471,129.98 168,866.47 357,464.25
None None :!\Tone
2,400.00

Total -----------------------------$ 1,103,893.12

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks.

IRA HIGDON, President.
Date of Charter: 12-3-1903

J. C. MINTER,
Cashier. Began Business: 1-1-1904

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_____________________

312,021.92
2,700.00 15,000.00
None 15,000.00 2,550.00 19,353.00
226,020.67
6,097.14 None 726.03
59,930.00
None None None

Total --

-------------------$ 659,398.76

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____________________
!.etters of Credit and Acceptances executed for Customers____________
Bills Payable_______________________
Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

50,000.00 None
7,500.00 9,122.28 26,709.54
None 2,500.00
565.12 275.00 347,937.66 117,599.22 97,189,94
None None None None

Total ______________________________ $ 659,398.76

TWENTY-SECOND ANNUAL REPORT

23

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF CAMILLA Camilla, Ga.

As called for by the Superintendent of Banks.

J. E. BROOKS, President.
Date of Charter: ll-4-1889

W. W. BROOKS, Cashier.
Began Business: 1-2-1890

RESOUUCES: Loans and Discounts_______________ $ State of Georgia and Municipal
Bonds owned____________________ _
U. S. Goovernment Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and Lot_ __________ _ Furniture and Fixtures______________ Other Ueal Estate owned__________ _ Cash in Vault and Amount due from
approved Ueserve 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____________________
Total _____________________________ $

93,467.23
57,050.00 300.00 None
16,000.00 5,000.00 17,000.00
186,110.81
19,103.52 None None
86,164.59
None None None
480,196.15

LIABILITIES: Capital Stock_______________________ $ Capital Notes______________________ _ Surplus Fund______________________ _
Undivided Profits__________________ _ Ueserve 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 None None
1,198.35 None None None
3,936.29 None
412,617.71 24,650.00 12,793.80
None None None None

Total -----------------------------$ 480,196.15

STATEMENT

Showing condition at the close of business December 31, 1941, of

PLANTERS & CITIZENS BANK Camilla, Ga.

As called for by the Superintendent of Banks.

T. G. TYSON, President.
Date of Charter: 9-20-1904

E. J. VANN, JR.,
Cashier. Began Business: 5-24-1913

RESOUUCES: 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 Ueserve 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 Liabilities____________________

290,078.13
10,000.00 None None
6,650.00 1,150.00 3,400.00
257,634.03
19,206.49 None None
257,932.61
None None None

UESOUUCES: 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 10,000.00 17,500.00
4,438,93 5,917.05
None 2,000.00 1,080.04
None 409,745.28 203,009.18 167,360.78
None None None None

Total -----------------------------$ 846,051.26

Total -----------------------------$ 846,051.26

24

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF CANTON Canton, Ga.

As called for by the Superintendent of Banks.

W. S. ELLIOTT, President.
Date of Charter: ll-17-1892

G. C. ADAMS, Cashier.
Began Business: 12-21-1892

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned_____________________
U. S. Government Securiti'es 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 C aosthh eIrt eBmasn_k_s_ _-_-_ -_ -_ _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- -_
Overdrafts ------------------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances ___________ _ Profit and Loss____________________ _
Other Resources -------------------

327,039.38
238,002.11 90,000.00 18,000.00 25,659.00 1.00 24,380.92
756,426.35
X one None None
None
None None X one

Total ------------------------------$ 1,479,308.76

LIABILITIES: Capital Stock __ ------------------ ___ $ SCuarppitlauls NFoutneds_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-
l:ndivided Profits ----------------Reserve Funds_______________________ Due to Banks _____________________ _ Dividends Unpaid___________________ Cashier's Checks ___________________ _ Certified Checks___________________ _
Demand Deposits __________________ _
Tim.e .Certific<t;tes of Deposits ______ _ Sanngs Deposits ______ ------------...-Letters of Credit and Acceptances
executed for Customers __________ _ Bills Payable _____________________ _
Notes and Bills Rediscounted_______ Other Liabilities ___________________ _

100,000.00 None
100,000.00 23,565.13 3,000.00 47,381.43 X one 26,271.79 None
792,359.78 None
386,930.63
X one None
~one
None

Total _ . --------------------- _____ $ 1,479,508.76

STATEMENT

Showing condition at the close of business December 31, 1941, of
ETOWAH BANK Canton, Ga.

As called for by the Superintendent of Banks.

OLIN FINCHER, President.
Date of Charter: 1-22-1927

N. A. THOMASON, Cashier.
Began Business: 1-29-1927

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__________ _
C~sh in Vault .tnt o\mr.unt due from avproved 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____________________

301,179.43
16,377.99 31,100.00
None 12,000.00
2,235.00 1,363.20
251,487.85
16,238.00 None 153.77
None
None None None

Total -----------------------------$ 632,135.24

LIABILITIES: Capital Stock_______________________$ Capital Notes______________________
Surplus Fund __ -------------------Undivided Profits__________________ _ Reserve l?unds ____ __________ -------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 None
16,000.00 7,635.64 3,647.20 None None 187.91 None
310,499.56 28,316.49
240,848.H
None None None None

Total _____________________________ $ 632,135.24

TWENTY-SECOND ANNUAL REPORT

25

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE PEOPLES BANK Carrollton, Ga.

As called for by the Superintendent of Banks.

HORACE STEWART, President.
Date of Charter: 11-10-1909

L. M. KING, Cashier. Began Business: 12-1-1909

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
apvroved Reserve Agents __________ _ Checks for Clearing and Due from CaosthheIrteBmsa_n_k__s_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Overdrafts ________________________ _
Advance on Cotton and other Commodities _______________________ _
Cusomers Liability on . Letters of Credit and Acceptances ___________
Profit and Loss____________________ _ Other Resources___________________ _

295,405.60
None 206,200.00
11,405.36 31,971.80
2,157.12 11,983.98
696,134.87
156.16 244.61 None
None
None None None

Total _____________________________ $ 1,255,659.50

LIABILITIES :

CCaappiittaall SNtootecsk_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_$

60,000.00 None

Surplus Fund______________________ _ 60,000.00

T:ndivided Profits ___________________

None

Reserve Funds _____________________ _ Due to Banks______________________

53,070.99 None

Dividends Unpaid__________________ _

None

Cashier's Checks___________________

3,909.21

Certified Checks___________________ _

569.50

Demand Deposits___________________ 1,075,023.76

Time Certificates of Deposits________ Savings Deposits __________________ _

None None

J,etters of Credit and Acceptances

executed for Customers____________ Bills Payable ______________________ _

None None

Notes and Bills Rediscounted________

None

Other Liabilities__________________ _

3,086.04

Total _____________________________ $ 1,255,659.50

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE COMMERCIAL BANK OF CEDARTOWN Cedartown, Ga.

As called for by the Superintendent of Banks.

A. W. STUBBS, President.
Date of Charter: 10-16-1889

D. L. ROBERTS, JR., Cashier.
Began Business: 12-ll-1889

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___________________ _

670,082.82
77,314.20 92,673.44
None 15,744.97
7,607.77 25,927.01
406,086.75
61,800.64 223.01 653.39
None
None None None

Total _____________________________$ 1.358,114.00

LIABILITIES: Capital Stock______________________$ Capital Notes _______________________ Surplus Fund_______________________ l:ndivided Profits__________________ _ Reserve l!,unds ______________________ Due to Banks______________________ Di\'idends Unpaid__________________ _ Cashier's Checks ____________________ Certified Checks ___________________ _ Demand Deposits __________________ _
Time Certificates of Deposits _______ Savings Deposits ___________________
l-etters of Credit a1 d Acceptance,, executed for Customers ___________
Bills Payable ______________________ _
Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

140,000.00 None
100,000.00 17,664.29 None 11,433.08 4,245.00 3,203.67 None
606,507.99 94,726.77
380,333.20
None None :None None

Total -----------------------------$ 1,358,114.00

26

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
COHUTTA BANKING COMPANY Chatsworth, Ga.

As called for by the Superintendent of Banks.

R. E. CHAMBERS, President.
Date of Charter: 7-17-1905

FRANCES HEARTSELL, Cashier.
Began Business: 1-24-1906

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____________________

120,808.80
31,858.49 19,900.00
None 1,500.00 1,000.00
100.00
270,929.82
None 98.50 None
None
None None None

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 None
5,000.00 1,664.68
None None None 121.55
3.00 328,484.01
40,006.51 51,915.80
None None
~one
None

Total -----------------------------$ 452,195.61

Total -----------------------------$ 452,195.61

STATEMENT

Showing condition at the close of basiness December 31, 1941, of
BANK OF CHICKAMAUGA Chickamauga, Ga.

As called for by the Superintendent of Banks.

ELDER G. GLENN, President.
Date of Charter: 2-16-1910

W. H. EDWARDS, Cashier.
Began Business: 5-10-1910

RESOURCES: Loans and Discounts________________ $ State of Goeorgia 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 Liabll!ty on Letters of
Credit and Acceptances ___________ _ Profit and Loss____________________ Other Resources____________________

!72,084.46
4,000.00 87,!14.83 10,569.21 12,400.00
2,457.00 5,669.41
193,896.11
None None None
None
None None None

LIABILITIES:

Capital Surplus

StFoucnkd-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$

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
4,068.19 3,1!1.12
None 500.00 2,220.88
None
260,526.1~
None 171,151.63
NonPNone None None

Total -----------------------------$ 488,191.14

Total -----------------------------$ 488,191.14

TWENTY-SECOND ANNUAL REPORT

27

STATEMENT
Showing condition at the close of business December 31, 1941, of
FARMERS & MERCHANTS BANK Chipley, Ga.

As called for by the Superintendent of Banks.

HENRY ZACHRY, President.
Date of Charter: 3-22-1909

ROY ASKEW, Cashier.
Began Business: 4-19-1909

RESOURCES: Loans and Discounts________________$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government S~curities 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 _____________________ _
Total _____________________________ $

187,287.34
8,000.00 31,875.00
None 1,500.00 1,000.00
None
181,850.08
631.90 None None
14,571.18
None None 630.00
427,345.50

LIABILITIES : Capital Stock______________________$ Capital X otes_______________________ Surplus Fund_____________________ _ Undivided Profits___________________ Reserve Funds______________________ Due to Banks______________________ Dividends Unpaid___________________ Cashier's Checks___________________
Certified Checks---------- _________ _ Demand Dtposits------------~-----Time Certificates of Deposits______ _ Savings Deposits____________________
Letters of Credit and .Acceptances executed for Customers__________ _
Bills Payable______________________ _
:\'otes and Bills Rediscounted_______ _ Other Liabilities____________________

25,000.00 10,000.00 16,000.00
2,281.87 None None None
1,000.61 None
277,308.81 54,018.57 41,735.64
None None None None

Total -----------------------------$ 427,345.50

STATEMENT

Showing condition at the close of business December 31, 1941, of

HABERSHAM BANK Clarkesville, Ga.

As called for by the Superintendent of Banks.

J. B. JACKSON, President.
Date of Charter: 5-13-1904

W. S. WHITWORTH, Cashier.
Began Business: 5-13-1904

RESOt:RCES: Loans and Discounts_______________$
State of Georgia and Municipal Bonds owned ---------------------------
U. S. Government Securities owned__ Other Stocks and Bonos 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_________________________-
Overdrafto ------------------------Advance on Cotton and other Com
modities ~---------------~------- Customers Liability on Letters of
Credit and .Acceptances___________ Profit and Loss____________________ Other Resources ____________________

117,893.85
11,000.00 50,550.00
None 4,387.50
1.00 1,425.00
180,761.16
None None None
None
None None None

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 None
7,500.00 1,875.85
None None 1,250.00 642.19 None 187,456.98 1,315.60 140,977.89
None None None None

Total -----------------------------$ 366,018.51

Total -----------------------------$ 366,018.51

28

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE CLAXTON BANK Claxton, Ga.

As called for by the Superintendent of Banks.

C. M. RUSHING, President.
Date of Charter: 2-24-1941

J. E. COLLINS,
Cashier. Began Business: 2-24-1941

RESOURCES: Loans and Discounts_________________$
State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and LoL___________ _ 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------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss____________________ Other Resources___________________ _

73,775.84
None None None 3,500.00 500.00 None
31,308.43
None None None 48,107.15
None None None

LIABILITIES : Capital Stock__________ -------------$ Capital l\otes_______________________ 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 None
5,000.00 2,839.69
None None None
.38 None 108,107.09 16,244.26 X one
None None None None

Total -----------------------------$ 157,191.42

Total -----------------------------$ 157,191.42

STATEMENT

Showing condition at the close of business December 31, 1941, of

TIPPINS BANKING COMPANY, INC. Claxton, Ga.

As called for by the Superintendent of Banks.

R. R. TIPPINS, President.
Date of Charter: 8-30-1940

R. E. ANDERSON, Cashier.
Began Business: 9-3-1940

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned ________ -------------------
U. S. Government Securities mvned __ Other Stocks and Bonds owned______ Banldng House and Lot_____________
Furniture and Fixtures_____________ Other Real Estate owned__________ _
Cash in Vault and Amount due from approved Heserve Agents
Checks for Clearing and Due from other Banks _____________________ _
Cash Items_________________________ _
Overdrafts ________________________ _
Advance on Cotton and other Com-
lnodities -----------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss____________________ Other Resources____________________

74,886.94
None 10,000.00
None X one 1,000.00 None
178,905.28
6,167.77 80.23 None
4, 793.30
None None None

'l'otal -----------------------------$ 275,833.52

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 and Bills Rediscounted_______ _ Other Liabilities ___________________ _

25,000.00 None
5,000.00 3,166.94
None None None 1,213.17
3.00 227,779.21 13,671.20
None
None None !\one None

Total _____________ ----------------$ 275,833.52

TWENTY-SECOND ANNUAL REPORT

29

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF CLAYTON Clayton, Ga.

As called for by the Superintendent of Banks.

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

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

RESOURCES: Loans and Discounts ____________ $
State of Georgia and ~Iunicil)al Bonds o~ned __________________________ _
U. S. G'Overnment Securities owned __ Other Real Estate owned _________ ~-Banking House and Lot ____________ _ Furniture and Fixtures____________ _ Other Real Estate owned___________ _
Ca"h in Vault and Amount due from approved Reserve Agents_________ _
Checks for Clearing and Due from other Banks______________________
Cash Items________________________ " Overdrafts __ ~ _____________________ _
Admnce on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances__________ _
Profit and Loss-~------------------Other Resources____________________

140,908.29
11,099.52 8,925.00
X one 2,900.00
700.00
~one
334,876.13
None None 327.37
None
None None None

Total -- --------------- ___________$ 499,736.31

LIABILITIES : Capital Stock______________________ $
Capital Notes~--------------------- Surplus Fund __ ------------------ _ Undivided Profits_________________ _ Reserve Funds _____________________ _ Due to Banks _____________________ _ Dividends UnpaL __________________ _ 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 _________________ ~ __

23,000.00 :None
23,000.00 12,773.38
Xone 4,000.00
None 928.64
X one 432,034.29
None None
None None None None

Total

___ $ 499,i36.31

STATEMENT

Showing condition at the close of business December 31, 1941, of

STATE BANK OF COCHRAN Cochran, Ga.

As called for by the Superintendent of Banks.

T. W. FISHER, President.
Date of Charter: 12-22-1921

L. S. LEACH, Cashier.
Began Business: 1-5-1922

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____________________

145,612.36
1,000.00 77,700.00
9,000.00 1,000.00
1.00 X one
128,666.34
23,000.00 None None
26,723.21
None None None

LIABILITIES : Capital Stock_______________________$ Capital Notes ______________________ _ Surplus Fund_____________________ _ Undivided Profits__________________ _ Reserve Funds______________________ _ Due to Banks______________________ _
Dividends l'npaid__________________ _ 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 None
13,000.00 2,041.02 2,500.00
None 312.00 !53.75
None 30(),262.91
None 70,871.15
None None None 562.08

Total ------------------------------$ 414,702.91

Total -----------------------------$ 414,702.91

30

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Colquitt, Ga.

As called for by the Superintendent of Banks.

G. C. JINKS, President.
Date of Charter: 3-24-1924

D. B. BELL, Cashier. Began Business: 4-21-1924

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___________________ _

384,290.05
37,585.74 None None 1.00 1.00
1,200.00
208,021.56
7,640.31 None 175.43
47,940.00
1\one None 11,639.43

Total

-------------------- ---- $ 698,494.:;2

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 ___________________ _

40,000.00 None
25,000.00 10,000.00 21,669.01 1,109.40
None 1,225.44
None 415,257.64 115,239.88
68,993.15
None None None None

Total

--- $ G98,494.:l2

STATEMENT

Showing condition at the close of business December 31, 1941, of

COLUMBUS BANK & TRUST CO. Columbus, Ga.

As called for by the Superintendent of Banks.

W. C. BRADLEY, President.
Date of Charter: 12-14-1871

JAS. A. LEWIS, Cashier.
Began Business: 1872

RESOURCES: Loans and Discounts _________________$ 3,789,699.63

State of Georgia and Municipal Bonds owned __________________________ _

10,920.00

U. S. Government Securities owned __ 1,24 7,526.48

Other Stocks and Bonds owned ___ _ 461,414.64

Banking House and Lot_ ___________ _ 331,040.43

Furniture and Fixtures------------Other Real Estate owned____________

23,546.90 34,433.16

Cash in Vault and Amount due from

approved Reserve Agents ________ _ 7,700,780.40

Checks for Clearing and Due from other Banks_____________________ _
Cash Items________________________ _

None None

Overd-rafts -------------------------

None

Advance on Cotton and other Com-

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

None

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss___________________ _ Other Resources____________________

None None 13,854.58

LIABILITIES:

Capital Stock ______________________ $ 850,000.00

Certified Checks____________________

None

Surplus Fund______________________ 650,000.00

Undivided Profits__________________ 240,754.39

Reserve Funds_____________________ _

None

Due to Banks_____________________ _ 778,795.75

Dividends Unpaid__________________ _

None

Cashier's Checks ___________________ _ 19,777.38

Certified Checks ____________________

None

Demand Deposits__________________ _ 7,644,206.36

Time Certificates of Deposits ________

None

Savings Deposits ___________________ 3,416,732.42

Letters of Credit and Acceptances

executed for Customers___________ Bills Payable_______________________

None None

Notes and Bills Rediscounted _______ _ Other Liabilities___________________ _

None 12,949.92

Total -----------------------------$13,613,216.22

Total

----------- -----. --- ------ $13,613.2!6.22

TWENTY-SECOND ANNUAL REPORT

31

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE HOME SAVINGS BANK Columbus, Ga.

As called for by the Superintendent of Banks.

H. K. PARK, President.
Date of Charter: 12-26-1888

W. B. LANGDON, Cashier.
Began Business: 4-1-1903

RESOURCES:

Loans and Discounts_____

____ $

State of Georgia and Municipal Bondi owned ________________ _

"G. 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__________ _

OPrtohfeirt aRnedsoLurocsess_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

904,486.14
91,589.61 163,471.05
52,100.00 None
6,400.00 1.00
277,610.84
149,886.17 None None
None
None None None

Total

I.64o.544.Sl

LIABILITIES: Capital Stock_______________________ $ Capital Notes______________________ _

75,000.00 None

Surplus Fund__ -------------------Undivided Profits _________________ _

25,00_0.00 18,734.49

RDeuseervtoe BFaunnkdss__--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpaid __________________ _ Cashier's Checks ___________________ _ Certified Checks ___________________ _

21,050.00 None None
None None

Demand Deposits__________________ _

5,963.00

Time Certificates of Deposits_______ _

None

Savings Deposits ___________________ _ 1,487,713.43

Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable________________________ _

None None

l\iotes and Bills Rediscounted _____ _ Other Liabilities___________________ _

None 12,083.89

Total ---------------------------- $ 1,645.544.81

STATEMENT Showing condition at the close of business December 31, 1941, of

MERCHANTS & MECHANICS BANK Columbus, Ga.

As called for by the Superintendent of Bauks.

JACK B. KEY, President.
Date of Charter: 12-14-1871

J. A. HARLEY, Cashier.
Began Business: 1872

RESOURCES:

Loans and Discounts____________ ----$ 2,485,406.26

State of Georgia and Municipal Bonds

r.owSn. eGd o-v-e-r-n-m-e-n-t--S--e-c-u-r-it-i-e-s--o-w-n--e-d----

55,000.00 131,378.13

Other Stocks and Bends owned ___ _ 71,298.73

Banking House and Lot_ _________ _ 83,000.00

F'urniture and Fixtures____________ _ 16,000.00

Other Real Estate owned___________ _

Nonu

Cash in Vault and Amount due from

approved Reserve Agents _________ _ 2,504,5:;9.14

Checks for Clearing and Due from

COavsehrdrIatfetms s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_Overdrafts _______________________ _

None
None None

Advance on Cotton and other Commodities _________________________ _

None

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss____________________ Other Resources___________________ _

None None i\one

Total _____________________________ $ 5,346.642.26

LIABILITIES: Capital Stock_______________________$ 200,000.00

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

None

Surplus Fund---------------------- 200,000.00 Undivided Profits__________________ _ 194,242.43

Reserve Funds _____________________ _ 25,000.00 Due to Banks_____________________ _ 362,725.22

Dividends Unpaid_________________ _ 25,000.00

Cashier's Checks___________________ _ 20,275.38

DCeermt!afinedd DCehpeosciktss_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-

None 3,370,849.11

Time Certificates of Deposits_______ _

None

Savings Deposits __________________ _ 948,550.12

Letters of Credit and Acceptances

executed for Customers__________ _ Bills Payable ______________________ _

None None

Xotes and Bills Rediscounted _______ _ Other Liabilities___________________ _

None None

Total ------------------------------ $ !\.346,642.26

32

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

TRUST COMPANY OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

F. G. LUMPKIN, President.
Date of Charter: 12-16-1892

J.D. BOX,
Vice- P r e s i d e n t .
Began Business: 1892

RESOURCES: Loans and Discounts ________________ $
State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned.. Other Stocks and Bonds owned_____ _ Banking House and LoL-~~-------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 ____________________

410,399.31
None None 1,510.46 133,808.00 209.09 88,589.29
101,611.96
X one None None
None
X one None 2,686.82

LIABILITIES : Capital Stock_______________________$ Capital Notes______________________ _ Surplus Fund_____________________ _ l'ndivided 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______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities~~ __________________ _

100,000,00 None
200,000.00 4,698.21
94,241.16 5,000.00 None None :t'one None
177,835.00 157,040.56
None None None None

Total ---------------------------- $ 738,814.93

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

738,814.93

STATEMENT

Showing condition at the close of business December 31, 1941, of

ROWE BANKING COMPANY Comer, Ga.

As called for by the Superintendent of Banks.

W. A. ROWE, President.
Date of Charter: 10-3-193~

W. N. NOELL, Cashifl!r.
Began Business: 10-10-1935

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____________________

70,962.05
12,529.90 23,837.71
None 720.00 310.00 528.68
38,488.49
10,000.00
~Tone
3.28
34,971.09
None None None

Total -----------------------------$ 192,351.20

LIABILITIES: Capital Stock ______________________ $ Ca}lital :Xotes _______________________ Surplus Fund ______________________ _ l'ndivided Profits ___________________
Reserve Funds ---------------------Due to Banks ____________________ _
DiYidends Unpaid ___________________ _ f'ashier's Checks___________________ _
Certified Checks ------~~-----------Demand Deposits __________________
Time Certificates of Deposits _______ _ Ravings Deposits ___________________ _
Letters of Credit and Acceptances executed for Customers ----------
Bills Payable ___ -----~ ----~~---- ____ ~ Xotes and Bills Rediscounted ________ _ Other Liabilities___________________ _

15,000.00 None
13,000.00 20.00 X one None None 56.17 None
10ii,232.81 46,735.4ii I 0,306. 77
None None None
Xone

Total ---------------------------- $ 192,351.20

TWENTY-SECOND ANNUAL REPORT

33

STATEMENT Showing condition at the close of business December 31, 1941, of

NORTHEASTERN BANKING CO. Commerce, Ga.

As called for by the Superintendent of Banks.

c_ J_ HOOD,
President. Date of Charter: 8-25-1891

SAM HOOD, Cashier.
Began Business: 1892

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds
O'"-'lled --------------------------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 _________________________
CustomPr'l Liability on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ Other Resources___________________ _

296,894.28
None None 4. 7.~0.00 4, 753.13 3,057.11 11,278.51
236,082.52
N"one
~one ~one
Xone
X one :Xone None

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____________________

50,000.00 None
25,000.00 833.32
~one
None None 4,636.05 None 378,254.74 X one 98,091.44
None None X one X one

Total -----------------------------$ 556,815.5:>

Total -----------------------------$ 556,81>.55

STATEMENT

Showing condition at the close of business December 31, 1941, of

CONCORD BANKING COMPANY Concord, Ga.

As called for by the Superintendent of Banks.

R. H. STRICKLAND, President.
Date of Charter: 10-29-1903

L. P. McKIBBEN, Cashier.
Began Business: 11-18-1903

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___________________ _

53,828.40
5,614.12 2,225.00
X one X one 800.00 1,000.00
64,854.09
X one X one X one
X one
~one
None None

LIABILITIES: Capital Stock_______________________ $ Capital K otes_______________________ Surplus Fund_____________________ _ Undivided Profits__________________ _ Reserve Funds______________________
Due to Banl<S__ -------------------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 None
12,500.00 1,203.00 None None 102.00 80.00 None
7 4.413.49 17,023.12
None
None None None None

Total -----------------------------$ 130,321.61

Total ____ -------------------------$ 130,321.61

34

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF CONYERS Conyers, Ga.

As called for by the Superintendent of Banks.

W. T. BALDWIN, President.
Date of Charter: ll-25-1904

M. W. HULL, Cashier.
Began Business: 12-19-1904

RESOURCES: Loans and Discounts ________________ $
State of Georgia and ~Iunicipal 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 approred Heserve 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____________________

116,802.61
7,792.00 22,700.00
5,912.00 2,000.00
600.00 X one
158,205.08
864.72 Kane None
X one
None None None

Total -----------------------------$ 314,876.41

LIABILITIES : Capital Stock______________________ $ Capital Xotes_______________________ Surplus Fund_____________________ _
Undivided Profits __________________ _ Reserve Funds _____________________ _
Due to Banks______________________ Dividends Unpaid___________________ Cashier's Checks____________________
Certified Checks___________________ _ Demand Deposits__________________ _
Time Certificates of Deposits _______ _ Sadng-s Deposits___________________ _
Letters of Credit and Acceptances executed for Customers __________ _
Bills Payable_______________________
:Xotes and Bills Rediscounted _______ ! Other Liabilities___________________ _

30,000.00 None
6,000.00 7,618.12 3,596.13
None 2,400.00
25.67 None 215,747.41 23,717.12 23,711.96
i\one None None X one

Total -----------------------------$ 314,876.41

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks.

G. C. SIMS, President.
Date of Charter: 10-15-1891

R. H. STILL, Cashier.
Began Business: 6-1901

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds
owned ---------------------------U. S. Government Securities o\vned __ 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___________________ _

140,136.03
None 28,300.00
7,382.50 4,000.00
500.00 5,650.00
135,337.72
1,573.53 None
1,219.76
27,363.09
None None None

Total -----------------------------$ 351,462.63

LIABILI'l'IES: 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___________________ _

23,000.00 None
25,000.00 3,659.18 None None 82.50 21.85 None
249,600.49 33,099.7 4 14,998.87
None None None None

Total ---------------------------- $ 351,462.63

TWENTY-SECOND ANNUAL REPORT

35

STATEMENT
Showing condition at the close of business December 31, 1941, of
FARMERS & MERCHANTS BANK Coolidge, Ga.

As called for by the Superintendent of Banks.

BOYKIN HARRISON, President.
Date of Charter: 12-18-1911

A. P. MEGAHEE, Cashier.
Began Business: ll-20-1911

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 ___________________ _

36,792.53
None 18,039.37
None 2,000.00 1,450.00 14,107.30
65,510.95
5,120.00 None None
None
None None None

LIABILITIES: Capital Stock _________________ -----$ Capital Debentures_________________ 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 18,375.00
5,000.00 2,926.75
525.51 None None 20.00 None
63,461.12 27,711.77
None
None None None None

Total -----------------------------$ 143,020.15

Total -----------------------------$ 143,020.15

STATEMENT
Showing condition at the close of business December 31, 1941, of
CORDELE BANKING COMPANY Cordele, Ga.

As called for by the Superintendent of Banks.

J. H. CHILDS,
President. Date of Charter: 5-31-1927

A. F. MUSSELWHITE, Cashier.
Began Business: 6-15-1927

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds owned ---------------------------
U. S. Government Securities owned__ Other Real Estate 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____________________

109,7 42.21
None None None None 4,500.00 X one
565,368.53
7,351.10 None 7.12
X one
None None None

Total __ ---------------------------$ 686,968.96

LIABILITIES : Capital Stock_______________________ $ Capital Notes______________________ _ Surplus Fund______________________ _ Undivided Profits __________________ Reserve }.,unds ______________________ _ 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 __ -------------------:1\otes and Bills Rediscounted _______ _ Other Liabtlities ___________________ _

25,000.00 !\one
10,000.00 2,715.16 None None None 2,118.13 None
532,431.27 43 216 67 n',4s7:73
Nont X one None None

Total _____________________________ $ 686,968.96

36

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

FIRST STATE BANK IN CORDELE Cordele, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 1231938

C. C. SHEARER, Cashier.
Began Business: 13-39

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___________________ _

236,267.03
10,770.10 30,200.00
Xonf' 19,265.18
3,340.97 X one
614,642.68
X one None None
20,194.80
None None None

Total -----------------------------$ 934,680.78

LIABILITIES : Capital Stock__ --------------------$ Capital Notes __ --------------------Surplus Fund______________________ _
'Cndivided Profits____ --------------Reserve Funds____________________ _ Due to Banks _____________________ _ Dividends Unpaid __________________ _ Cashier's Checks ___________________ _ Certified Checks___________________ _ Demand Deposits__________________ _
Time Certificates of Deposits_______ _ Sarings Deposits ____________________
Letters of Credit and Acceptances executed for Customers____________
Bills Payable_______________________
:'<otes and Bills Rediscounted_______ _ Other Liabilities____________________

50,000.00 None
15,000.00 8,733.81 4,840.09
29,480.75 192.00
2,214.00 None
562,371.00 88,206.1:i
173,642.98
None None None None

Total -----------------------------$ 934,680.78

STATEMENT

Showing condition at the close of business December 31, 1941, of

CORNELIA BANK Cornelia, Ga.

As called for by the Superintendent of Banks.

0. E. FLOR, President.
Date of Charter: 7-3-1900

W. V. GRANT, Cashier.
Began Business: 8-4-1900

RESOURCES: Loans and Discounts_______________ $
State of Georgia and :VIunicipal 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 Reserv.e 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___________________ _

318,971.42
573.54 117,450.00
541.07 11,750.00
2,030.00 20,767.68
255,840.46
1,510.43 533.92
1,464.12
55,780.53
None :X o n e 100.00

Total -----------------------------$ 787,313.19

LIABILITIES : Capital Stock____ ------------------$ Capital Notes_______________________

Surplus Fund---------------------lTndivided Profits___________________ Reserve Funds ______________________ Due to Banks _____________________ _
Dividends Unpaid__________________ _ Cashier's Checks___________________ Certified Checks____________________

Dema Time

nd C

e

Deposits rtificates

___ of

-

----Depo

--sits

-----______

_0

Savings Deposits ____________________ _

Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable_______________________

Xotes and Bills Rediscounted________ Other Liabilities____________________

40,000.00 26,700.00 17,300.00 12,814.20
76.23 None 1,632.00 693.30
4.10 487,363.4 7
24,980.47 175,749.42
None None None X one

Total _____________________________ $ 787,313.19

TWENTY-SECOND ANNUAL REPORT

37

STATEMENT Showing condition at the close of business December 31, 1941, of

BANK OF COVINGTON & TRUST CO. Covington, Ga.

As called for by the Superintendent of Banks.

J. L. STEPHENSON,
President. Date of Charter: 4-4-1901

J. E. PHILIPS,
Cashier. Began Business: 4-1901

RESOURCES: Loans and Discounts______________$
State of Georgia and Municipal Bonds 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____________________

364,318.62
54,276.00 260,441.81
29,612.50 None
3,351.78 387.15
664,611.26
9,606.90 1,379.28
None
78,994.77
None :.'\one None

Total -----------------------------$ 1,466,980.07

J,JABILITIES: Capital Stock______________________ $ Capital Notes_______________________ Surplus Fund_____________________ _
Undivided Profits ___________________ Reserve Funds____________________ _ Due to Banks______________________ _
Dividends Unpaid__________________ _

100,000.00 None
25,000.00 44,965.85 25,000.00
None 8,000.00

Cashier's Checl\:s__________________ _

1,196.44

Certified Checks___________________ _

None

Demand Deposits__________________ _ 1,080,732.88

Time Certificates of Deposits _______ _

None

Savings Deposits __________________ _ 179,163.29

Letters of Credit and Acceptances

executed for Customers__________ _ Bills Payable______________________ _

None None

Xotes and Bills Rediscounted________ Other Liabilities___________________ _

None 2,921.61

Total _____________________________$ 1,466,980.07

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE COMMERCIAL BANK Crawford, Ga.

As called for by the Superintendent of Banks.

M. BLANCHARD, President.
Date of Charter: 9-2-1924

E. H. FURCRON, Cashier.
Began Business: 9-5-1924

RESOURCES: Loans and Discounts _______________ $
State of Georgia and :\lunicipal 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_______________________ _
0Yerdrafts ------------------------Ad,ance on Cotton and other Com-
modities ___ --------------------Customers Liability on Letters of
Credit and Acceptances ___________ _ Profit and Loss ___________________ _ Other Resources ____________________

159,341.13
None None None 1,450.00 1,450.00 None
245,347.11
None 185.20 71.91
17,320.43
None None None

Total -----------------------------$ 425,165.80

LIABILITIES : Capital Stock______________________ $ Capital Notes ______________________ Surplus Fund _____________________ _ Undivided Profits__________________ _ Reserve Funds ______________________ Hue to Banl{s______________________ _ 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______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities ____________________

22,500.00 5,000.00 6,000.00 1,127.01 1,000.00 None 456.00 4,494.79 None
278,009.00 3,284.27
103,294.73
None None None None

Total _____________________________ $ 425,165.80

38

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF CUMMING Cumming, Ga.

As called for by the Superintendent of Banks.

ROY P. OTWELL, President.
Date of Charter: 10111904

B. L. REDD, Cashier. Began Business: 10191904

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 ------------------------Customus Liability on Letters of
Credit and Acceptances___________ _ Profit and Loss____________________ _
Other Resources _____________ ------

144,996.19
N"one 5,000.00
None 4,650.00 1,726.00 11,414.91
163,491.96
10,008.72 None
1,110.08
2,324.39
None None 20,288.48

Total -----------------------------$ 365,010.73

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 Accevtances executed for Customers ____________
Bills Payable_______________________
Xotes and Bills Rediscounted______ _ Other Liabilities .... _________________ _

15,000.00 10,000.00 15,000.00
4,525.32 4,295.50
Kane None 2,138. 78 Xone 240,109.72 36,657.48 37,283.93
X one
~one
None !\one

Total

----------------------- ____ $ 365,010.73

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Cuthbert, Ga.

As called for by the Superintendent of Banks.

P.M. REID, President.
Date of Charter: 2-7-1938

W. E. CONEY, Cashier.
Began Business: 3-1-1938

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 ____________ Checks for Clearing and 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____________________ _
Total _____________________________$

136,737.03
10,889.99 14,750.00
None 7,406.39 2,607.92
None
204,817.68
None 3,754.31 1,869.35
73,861.43
None None None
456,694.10

LIABIJ,ITIES : 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 None
20,000.00 8,431.02 5,000.00 1, 744.96 None 1,544.67 None
382,170.82 12,802.63 X one
X one None None None

Total _____________________________$ 456,694."10

TWENTY-SECOND ANNUAL REPORT

39

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF DAHLONEGA Dahlonega, Ga.

As called for by the Superintendent of Banks.

J. F. PRUETT, President.
Date of Charter: 5-27-1914

J. F. SANDERS. Cashier.
Began Business: 5-1914

RESOURCES: Loans and Discounts_______________$ State of Georgia and Municipal Bonds
owned __________________________ _
U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking Hause 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_____________________ _
COavsehrdrIateftms s ____-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss____________________ _ Other Resources___________________ _

121,391.60
29,913.03 41,900.00
X one 1,000.00
1.00 125.00
186,005.85
97.00 None 22.30
None
:None Kane None

LIABILITIES: Capital Stock______________________$ Capital X otes______________________ _ 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 None
5,000.00 8,036.27
None None None 553.65 Non 282,053.12 59,812.74 None
None None None None

Total -----------------------------$ 380,455.78

Total -----------------------------$ 380,455.78

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE BANK OF DALTON Dalton, Ga.

As called for by the Superintendent of Banks.

JAMES J. COPELAND, President.
Date of Charter: 12-26-1911

ERNEST M. ACREE, Cashier.
Began Business: 10-12-1912

RESOURCES: Loans and Discounts_______________$
State of Georgia and Municipal Bonds owned ----------------------------
U. S. GoYernment 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 ------------------------- _ AdYance nn Cotton and other Com-
modities -------------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss____________________ _ Other Resources ___________________ _

655,757.08
None 55,965.17
5,200.00 14,450.00
3,100.00 30,785.00
411,317.64
4,976.31 1,669.40
299.25
None
None None None

Total ------------------~----------$ 1,183,519.85

LIABILITIES: Capital Stock______________________$ Capital Notes______________________ _
Surplus Fund --------------------T:ndivided 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_ ------------------

50,000.00 None
25,000.00 3,498.88 3,660.00 None 1,270.00 2,010.60 None
536,490.33 213,090.90 288,499.14
None None None None

Total -----------------------------$ 1,183,519.85

40

DEPARTMENT OF BANKll\G

STATEMENT

Showing condition at the close of business December 31, 1941, of

HARDWICK BANK & TRUST CO. Dalton, Ga.

As called for by the Superintendent of Banks.

GEORGE L. RICE, President.
Date of Charter: 2-17-1922

R. H. SAPP, Cashier. Began Business: 2-20-1922

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 fo;- Clearing and Due from other Banks_____________________ _
Cash Items_________________________
Overdrafts -----------------------A dmv aondci tei e so n___C_o_t_t o_n___r_.n_d___o_t h_e_r___C_o_m_ -_
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss_____________________ Other Resources___________________ _

662,234.84
67,408.75 422,764.08 182,659.14
57,000.00 3,821.65
16,564.68
558,030,.97
X one None 154.48
None
None None None

Total _____________________________$ 1,970,638.59

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______________________ _
lllotes and Bills Rediscounted ________ _ Other Liabilities___________________ _

100,000.00 None
75,000.00 21,569.77
None 54,470.96 5,000.00
2,304.32 12.60
821,086.41 53,103.06
838,091.47
None None None None

Total _____________________________$ 1,970,638.59

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF DANIELSVILLE Danielsville, Ga.

As called for by the Superintendent of Banks.

R. C. GRIFFETH, President.
Date of Charter: 12-ll-1907

R. C. GRIFFETH,
Cashier. Began Business: 1-15-1908

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds
O'\\'ned --------------------------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 ___________________ _
Total _____________________________ $

39,792.98
None 28,500.00
None 500.00 250.00 4,287.08
134,319.25
18.58 76.50 208.09
None
None None None
207,952.48

LIABILITIES: Capital Stock______________________ $ Capital Notes ______________________ _ Surplus Fund _____________________ _ Undivided Profits__________________ _
Reserve Funds---------------------DDiuveidetondsBaUnnkpasi-d-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Cashier's Checks____________________ _ Certified Checks___________________ _ Demand Deposits _________________ _
Time Certificates of Deposits_____ _ Savings Deposits___________________ _
Letters of Credit and Acceptances executed for Customers____________
Bills Payable_------------------- __ _ Xotes ,.nd Bills Rediscounted________ Other Liabilities ___________________ _

15,000.00 None
8,000.00 125.00 None None 730.00 89.06 None
173,583.33 10,405.09 X one
None None None None

Total -----------------------------$ 207,952.48

TWENTY-SECOND ANNlTAL REPORT

41

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE DARIEN BANK Darien, Ga.

As called for by the Superintendent of Banks.

D. E. LANE, President.
Date of Charter: 12-8-1888

D. E. LANE, Cashier.
Began Business: 1-24-1889

RESOURCES: J..~oans and Discounts ______________ $
State of Georgia and )Iunicipal Bonds o\\ned --------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned____ _ Banking House and LoL___________ _ :Furniture aPd Fixtures _____________ _ Other Real Estate owned ___ .________ _ Cash in Yault and Amount due from
approved Reserve Agents_________ _ Checks for Clearing and Due from
other Banks _______________________ Cash Items ________________________ _ Overdrafts ________________________ _
Advance on Cotton and other Co)nmodities ________________________ _
Customers Liability on Letters of Credit and Acceptances ____________
Profit and Loss____________________ _ Other Resources ___________________ _
Total _____________________________$

95,463.57
9,000.00 33,575.00
None None .Kone
~one
188,220.03
None None None
None
None None None
326,258.60

LIABILITIES : Capital Stock_______________________ $ Capital ::-iotes ______________________ _ Surplus Fund ______________________ _ Undivided Profits__________________ _ Reserve Funds_____________________ _ Due to Banks _____________________ _ Dividends rnpaid __________________ _ Cashier's Checks__________________ _
Certified Checks------------------~-Demand Deposits__________________ _
Time Certificates of Deposits______ _ Savings Deposits___________________ _
Letters of Credit and Acceptances exeeuted for Customers___________ _
Bills Payable ______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities ___________________ _

25,000.00 None
5,000.00 6,277.74
None 1.552.79 1,500.00
330.55 None
176,919.23 150.76
109,527.53
None None X one None

Total -----------------------------$ 326,258.60

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF DAWSON Dawson, Ga.

As called for by the Superintendent of Banks.

M. C. EDWARDS, President.
Date of Charter: 6-29-1911

J. E. KING,
Cashier. Began Business: 7-1-1911

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 _______ _
Checl{s for Clearing and Due from other Banks_____________________ _
Cash Items ________________________ _ Orerdrafts ________________________ _
Advance on CottJn and other Com-
modities __ ---------------------Customers Liability on Letters of
Credit and Acceptances___________ _ Profit and Loss____________________ _ Other Resources ___________________ _

524,546.35
1,000.00 58,412.50
None 23,367.55 1,000.00 11,211.76
520,973.80
11,336.42 None None
34,700.59
None None None

Total _____________________________$ 1,186,548.97

LIABILITIES : f'apital Stock_______________ --------$ Capital Kotes ______________________ _
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 0f Credit and Acceptances executed for Customers____________
Bills Payable----------------------Notes and Bills Rediscounted_______ _
Other Liabilities--------------------

100,000.00 None
20,000.00 21,961.01
None None 616.00 3,813.99 None 816.829.84 108,662.48 114,665.65
None None None None

Total -----------------------------$ 1,186,548.97

42

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF TERRELL Dawson, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 3-23-1936

R. C. SHEPHERD, Cashier.
Began Business: 4-28-1936

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___________________ _

14 7,344. 76
X one 17,600.00
None 4,550.00 3,234.38
Kone
191,365.15
15,436.43 263.45 86.44
None
X one None None

Total -----------------------------$ 379,880.61

LIABILITIES: Capital Stock_______________________$
Capital Xotes_______ ---------------Surplus Fund_____________________ _ Undivided Profits _________________ _ Reserve Funds_____________________ _ Due to Banks______________ -------DiYidends Unpaid_______ -----------Cashier's Checks ___________________ _
Certified Checks_____________ ------Demand Deposits ___________________ _ Time Certificates of Deposits______ _ Savings Deposits ___________________ _
Letters of Credit and Acceptances executed for Customers____________
Bills Payable ______________ --------Xotes and Bills Rediscounted_______ _ Cther Liabilities _________ -----------

25,000.00 None
5,000.00 6,346.40
None None None 2,510.85
4.50 236,532.37
52,894.18 51,592.311
None None None None

Total

-----------------------$ 379,880.61

STATEMENT

Showing condition at the close of business December 31, 1941, of

COMMERCIAL STATE BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

DR. M. M. MINTER, President.
Date of Charter: 10-21-1938

ELLISON DUNN, Cashier.
Began Business: 12-16-1938

RESOURCES: Loans and Discounts______________$
State of Georgia and Municipal Bonds o\vned __________________________
U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and Lot_ ____________ Furniture .tnd Fixtures____________ _
Other Real Estate owned~---------- Cash in Vault and Amount due from
apvroved 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 ____________________

148,564.26
5,255.30 6,000.00
None 4,376.96 1,275.65
None
128,672.38
7,230.75 None
300.47
None
None None None

Total -----------------------------$ 301,675.77

LIABILITIES: Capital Stock_____ ~--------- ________ $ Capital Notes_______________ --------
Surplus Fund---------------------Undivided Profits ___________________
RDeuseervtoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
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 :Xone
5,000.00 1,332.30 6,561.50
None 1,000.00 2,307.91
None 237,798.61 17,250.00
5,425.45
None None
~one
None

Total -----------------------------$ 301,675.77

TWENTY-SECOND ANNUAL REPORT

43

STATEMENT

Showing condition at the close of business December 31, 1941, of

MERCHANTS AND FARMERS BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

P. S. CUMMINGS, President.
Date of Charter: 9-24-1925

HENRY 0. CUMMINGS, Cashier.
Began Business: 9-24-1925

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___________________ _

107,451.55
10,341.42 None None
6,000.00 4,321.00
None
95,132.65
88.18 None None
145,000.00
None None None

LIABILITIES : Capital Stock_______________________$ Capital Notes ______________________ _ Surplus Fund_____________________ _
l"ndivided 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 None
5,000.00 5,933.64 5,862.00
None Kane 951.98 None 247,292.99 60,636.00 17,658.19
None None None None

Total -----------------------------$ 368,334.80

Total -----------------------------$ 368,334.80

STATEMENT

Showing condition at the close of business December 31, 1941, of

COFFEE COUNTY BANK Douglas, Ga.

As called for by the Superintendent of Banks.

H. L. SHANNON, President.
Date of Charter: 6-19-1931

M. J. WILLIAMS,
Cashier. Began Business: 7-1-1931

RESOURCES:

Loans and Discounts-----------------$ 223,931.74

State of Georgia and Municipal Bonds

owned -------------------------- 19,900.88

U. S. Government Securities owned __

75,930.75

Other Stocks and Bonds owned_____ _ 21,155.57

Banking House and LoL___________ _

None

Furniture and Fixtures _____________ _

None

Other Real Estate owned___________ _

None

Cash in Vault and Amount due from

approved Reserve Agents__________ 1,031,321.41

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____________ Profit and Loss______________ c _____ _
Other Resources ___________________ _

None None None

LIABILITIES: Capital Stock_______________________$ Capital Notes ______________________ _ Surplus Fund ____________________ _

50,000.00 None
30,000.00

l"ndivided Profits _________________ -Reserve Funds _____________________ _ Due to Banks_ ____________________ _
Dividends Unpaid___________________
Cashier's Checks___________________ _ Certified Checks_ __________________ _

50,619.23 None None
187.00 9,757.38
None

Demand Deposits __________________ _ 1,144,406.82

Time Certificates of Deposits_______ _ 17,438.41

Savings Deposits ___________________

69,831.51

Letters of Credit and Acceptances

executed for Customers___________ _ Bills Payable ______________________ _

None None

Notes and Bills Rediscounted______ _ Other Liabilities___________________ _

None None

Total -----------------------------$ 1,372,240.35

Total -----------------------------$ 1,372,240.35

44

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS AND SOUTHERN BANK OF DUBLIN Dublin, Ga.

As called for by the Superintendent of Banks.

C. U. SMITH, President.
Date of Charter: 10-29-1928

Began Business: ll-1-1928

RESOURCES: Loans and Discounts________________$ State of Goeorgia and Municipal Bonds
O\vned -------------------------(;". S. Government Securities owned__ Other Stocks and Bonds owned______ _ Banking House and Lot_ ____________ _ },urniture and Fixtures_____________ _ Other Real Estate owned ____________ _ Cash in Yault and Amount due from
approved Heserve 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___________________ _

789,823.64
4,200.00 113,133.25
1,750.00 13,000.00
None None
404,998.52
13,374.62 2,546.70 1, 77 4.38
62,479.29
None None 206.99

Total -----------------------------$ 1,409,287.39

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----------------------J\'otes and Bills Hediscounted_______ _ Other Liabilities __________________ __

100,000.00 None
20,000.00 50,262.08 18,073.20 57,510.78
7,000.00 7,074.70
221.70 818,200.80
42,929.81 281,568.37
None None None 6,445.95

Total _____________________________$ 1,409,287.39

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS & MERCHANTS BANK Dublin, Ga.

As called for by the Superintendent of Banks.

L. P. KEEN, President.
Date of Charter: 5-26-1910

B. F. HERNDON.
Cashier. Began Business: 7-61910

RESOUHCES: Loans and Discounts ________________ $ State of Goeorgia and Municipal Bonds
owned ________ ~-----------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and Lot_ ____________ Furniture and Fixtures ______________ _ Other Heal Estate owned _________ _ Cash in Vault and Amount due from
approved Heserve 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___________________ _
Total _____________________________$

249,186.38
None 78,862.81
None None 1,859.45 2,425.83
367,683.83
~one
None 863.75
None
None None None
700,882.05

LIABILITIES : Capital Stock______________________ $ Capital Debenturesc _______________ _ 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 Hediscounted _______ _ Other Liabilities___________________ _

25,000.00 8,100.00 5,000.00
13,862.17 2,450.00
31,205.59 None
855.34 None 501,946.57 52,019.69 60,442.69
None None None
X onE

Total _____________________________$ 700,882.05

TWENTY-SECOND ANNUAL REPORT

45

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF DUDLEY Dudley, Ga.

As called for by the Superintendent of Banks.

U. G. B. HOGAN, President.
Date of Charter: 10-2-1905

RUBERT L. HOGAN, Cashier.
Began Business: ll-1905

RESOURCES! Loans and Discounts________________ $
State of Goeorgia and Municipal Bonds
owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and LoL ____________ 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_ __________________ _

93,340.42
10,219.61 5,000.00
None 700.00 700.00 400.00
47,244.97
None 204.61 236.55
70,103.85
None None None

Total -----------------------------$ 228,150.01

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_______________________ _
Xotes and Bills Rediscounted______ _ Other Liabilities_ __________________ _

15,000.00 None
9,000.00 908.42
4,030.29 10,000.00
None 664.24
None 125,029.91
63,517.15 None
None None None Xone

Total -----------------------------$ 228,150.01

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF EASTMAN Eastman, Ga.

As called for by the Superintendent of Banks.

W. L. JESSUP, President.
Date of Charter: 12-28-1918

GEO. D. J\ICLLIS, Cashier.
Began Business: l-2-1919

RESOURCES: Loans and Discounts________________ $
State of Georgia and :Vlunicipal Bonds
owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and LoL___________ 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___________________ _

309,702.50
38,568.00 39,700.00
None 11,500.00
2,250.00 20,000.00
229,420.41
2,919.74 952.55 None
47,920.94
None None None

702,934.14

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----------------------Xotes and Bills Rediscounted________ Other Liabilities____________________

40,000.00 10,000.00 25,000.00 5,395.99
None None None 167.80 None 420,077.07 31,986.00 170,307.28
None None None None

702,934.14

46

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF FULTON COUNTY East Point, Ga.

As called for by the Superintendent of Banks.

GEO. F. LONGINO, President.
Date of Charter: 3-22-1934

F. W. COOPER, Cashier.
Began Business: 4-2-1934

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_____________ c_______ _
COavsehrdrIatfetsm_s_.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities ---------------------- __ _
Customers Liability on Letters of Credit and Acceptances ____________
Profit and Loss____________________ _ Other Resources___________________ _

779,765.44
195,333.47 41,400.00
None 7,426.69 3,019.93
None
812,474.82
~one
949.93 None
None
None None 9,570.29

Total _____________________________ $ 1,849,940.57

LIABILITIES : Capital Stock______________________$ Capital Notes _______________________ Surplus Fund_____________________ _
Undivided Profits___________________ Reserve Funds______________________

50,000.00
None 50,000.00 10,977.66
4,500.00

Due to Banks---------------------Dividends Unpaid __________________ _ Cashier's Checks__________________ _

49,109.58 1,737.50
16,926.21

Certified ChecJ.<:s ___________________ _

2,250.00

Demand Deposits__________________ _ 1,061,346.93

Time Certificates of Deposits_______ _

None

Savings Deposits-------------------- 590,164.85

Letters of Credit and Acceptances

executed for Customers__________ _ Bills Payable _______________________

X one None

Xotes and Bills Rediscounted______ _

None

Other Liabilities ___________________ _ 12,927.84

Total _____________________________ $ 1,849,940.57

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS & MERCHANTS BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

L. 0. BENTON, SR., President.
Date of Charter: 10-30-1922

A. F. ADAMS, Cashier.
Began Business: 11-15-1922

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___________________ _
Total _____ ------~ ________________ $

200,600.05
None 103,416.24
None 6,258.60 4,585.61 1,926.57
186,637.27
X one None 69.74
None
None None None
503,494.08

LIABILITIES : Capital Stock____________ -----------$
CSuaprpitlauls Nl<o'utneds_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_Undivided Profits__________________ _ Reserve Funds______________________ Due to Banks_____________________ _ Dividends Unpaid___________________ Cashier's Checks___________________ _ Certified Checks___________________ _ Demand Deposits ___ c ______________ _
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 None
10,000.00 3,278.35 None None None 2,724.28 None
408,770.41 34,252.80 19,425.85
X one None None 42.39

Total _________________ ~----------- $ 503,494.08

TWENTY-SECOND ANNUAL REPORT

47

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF EDISON Edison, Ga.

J. 0. EXUM,
President. Date of Charter:

As called for by the Superintendent of Banks.

9-24-1904

THEDFORD TURNER, Cashier.
Began Business: 10-1904

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 aJJd Acceptances___________ _
Profit and Loss____________________ _ Other Resources ___________________ _
1 otal __ . __________________________ $

229,195.93
10,585.00" 4,000.00 None 1,250.00 250.00 X one
294,798.64
796.02 122.37
None
80,439.06
None None None
621,437.02

LIABILITIES: Capital Stock_______________________ $ Capital Xotes_____________________ _
Surplus Fund --------------------l'ndivided Profits _________ ----- ____ _ Reserve Fund__________________ ----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 __________________ _

50,000.00 14,600.00 36,400.00
2,843.94 9,119.19
None None 2,767.93 None 395,639.04 105,466.92 None
None None None 4,600.00

Total _____________________________ $ 621,437.02

STATEMENT

Showing condition at the close of business December 31, 1941, of

GRANITE CITY BANK Elberton, Ga.

As called for by the Superintendent of Banks.

W. E. FORTSON, President.
Date of Charter: 12-3-1927

F. S. FORTSON, Cashier.
Began Business: 1-3-1928

RESOURCES: Loans and Discounts_______________$
State of G<eorgia and Municipal Bonds owned ---------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banl<ing House and LoL ___________ 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--------------------

414,988.25
None 63,32:i.OO
9,260.00 12,942.71 3,804.70
2,500.00
343,400.74
8,469.09 1,090. 78
69.80
X one
None None None

Total -----------------------------$ 859,851.07

LIABILITIES: Capital Stock_______ ---------------$ Capital X otes _______________________ Surplus Fund _____________________ _ l'ndivided Profits __________________ _ Reserve Funds _____________________ _
Due to Banks__ --------------------Dividends Unpaid__________________ . Cashier's Checks___________________ _ Certified Checks___________________ _ Demand Deposits __________________ _
'rime Certificates of Deposits_____ _ Savings Deposits___________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable______________________ _
Notes and Bills Rediscounted _______ _ Other Liabilities___________________ _

50,000.00 None
15,000.00 12,341.28
None
30,350.42 None
1,878.31 5.50
546,642.63 13,5:i7.76
190,073.87
None :Sone None
1.30

Total -----------------------------$ 859,851.07

48

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks.

DR. J. R. JORDAN, President.
Date of Charter: 9-10-1910

H. F. DIXON, Cashier.
Began Business: 9-16-1910

RESOURCES: Loans and Discounts_______________ $
State of Goeorgia 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 Res:>urces __________________ _

47,650.77
Kone 3,200.00 8,460.00 2,500.00
600.00 X one
208,928.28
X one X one
~one
16,904.51
X one X one 1,484.31

Total -----------------------------$ 289,727.87

LIABILITIES: Capital Stock______________________ $ Capital Notes_______________________
Surplus Fund___ -------------------(;ndivided Profits _________________ _ Reserve Fund _____ -------------- __ _ Due to Banks______________________ _ Dividends Unpaid__________________ _ Cashier's Checks __________________ _ Certified Checks___________________ _ Time Certificates of Deposits______ _ Demand Deposits__________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable ______________________ _ Xotes and Bills Rediscounted_______ _ Other Liabilities___________________ _

25,000.00 None
5,000.00 8,263.96
None None 260.00 :Xone None 48,089.21 203,114.70
X one None :None None

Total _____________________________ $ 289,727.87

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF ELLIJAY Ellijay, Ga.

As called for by the Superintendent of Banks.

E. T. HUDSON, President.
Date of Charter: 5-21-1914

DOW HAMRICK. Cashier.
Began Business: 6-1-1914

RESOURCES: Loans and Discounts ________________ $
State of Georgia and :\funicipal Bonds owned -~-------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned ___ _ Banking House and LoL ___________ _ Furniture and Fixtures_____________ _ Other Real Estate owned__________ _
Cash in Vault and Amount due from approved Reserve Agents________ _
Checks for Clearing and Due from other Banl<S_____________________ _
OCavsehrdrIatfetsm__-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-
Advance on Cotton and other Commodities --------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss_____________________ Other Resources___________________ _

240,680.57
295,814.04 52,100.00 2,709.50 X one 3,690.00 5,454.00
321,048.23
2,408.13 None
150.34
:None
:None None 7,138.75

Total -----------------------------$ 931,193.56

LIABILITIES : Capital Stock______________________$
Capital Notes ____ ------------------Surplus Fund ______________________ _ L'ndivided 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______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities ___________________ _

15,000.00 14,100.00 15,000.00
279.47 6,200.00
None None 3,159.20 507.06 455,716.24 988.19 420,243.40
None None )fone l\'one

Total _____________________________$ 931,193.56

TWENTY-SECOND ANNUAL REPORT

49

STATEMENT

Showing condition at the close of business December 31, 1941, of

FAIRBURN BANKING COMPANY Fairburn, Ga.

As called for by the Superintendent of Banks.

GEORGE F. LONGiNO, President.
Date of Charter: 9-14-1891

MRS. WINNER B. LONGINO, Cashier.
Began Business: 1904

RESOUUCES: 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 Heal Estate owned ___________ _ Cash in Vault and Amount due from
approved Reserve Agents_________ _ Checks for Clearing and Due from
other Banks_____________________ _
COavsehrdrIatfetsms____-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities --------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ _ Other Uesources____________________ _
Total ______________________________ $

141,342.91
Kone
37 ,;,oo.oo
None 6,652.80 1,440.00 6,361.06
94,224.78
None 93.87 None
3,831.70
None None 2,857.60
294,304.72

J,JABILITIES : Capital Stock______________________ $ Capital ~otes_______________________ Surplus Fund______________________ _ l:ndivided 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 None
5,000.00 2,282. 70 1,100.00
None 370.00 780.88
None 143,562.75
160.00 112,400.13
None None None 3,648.26

Total ---------------------------- $ 294,304.72

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS & MERCHANTS BANK Fayetteville, Ga.

As called for by the Superintendent of Banks.

C. D. REDWINE, President.
Date of Charter: 2-16-1906

H. C. HEWELL, Cashier.
Began Business: 3-13-1906

RESOl:RCES: Loans and Discounts _____________ $ ~Hate of Georgia and :\Iunicipal Bonds
owned __________________________ _
U. S. Government Securitieg owned __ Other Stocks and Bonds owned ___ _ Banking House and LoL--------~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 _____________________ _
COavsehrdIrtaefmtss _-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities _-----------------------
Customers Liability on Letters of Credit. and Acceptances__________ _
Profit and Loss____________________ _ Other Uesources ___________________ _

133,836.20
None None 3,!194.64 2,266. 79 2,858.96 25,349.91
109,287.46
X one None 3,301.32
30,302.24
X one X one None

Total -----------------------------$ 313,197.52

LIABILI'rms : CapitaI Stock______________________$ Capital Notes _______________________ _ Reserve Funds _____________________ _ L'ndivided Profits ___________________ Heserve Funds _____ ~-- _____________ _ Due to Banl\:s ____ __________________ _
Hi vidends Unpaid _________ ----- _____ _ Cashier's Checks ___________________ _ Certified Checks ___________________ _ Demand Deposits___________________ Time Certificates of Devosits _______ _ Savings Deposits____________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills ,Payable______________________ _
Xotes and Bills Rediscounted_______ _ Other Liabilities____________________ _

25,000.00 None None 682.05 None None None
1,187. 79 !'lone
266,049.31 20,278.37 None
None None None None

Total _____________________________ $ 313,197.52

50

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF FINLEYSON Finleyson, Ga.

As called for by the Superintendent of Banks.

J. W. CONNER, SR.,
President. Date of Charter: 9-20-1910

CLARENCE FINLEYSON,
Cashier. Began Business: 9-20-1910

RESOURCES: Loans and Discounts~~~~~~~~~~~~~~~~$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned~~ Other Stocks and Bonds owned~~~~~ Banking House and LoL-~------~- Furniture and Flxtures~-~--~--~---Other Real Estate owned____ ~~--~-~Cash In Vault and .Amount due from
approved Reserve .Agents--~------ Checks for Clearing and Due from
other Banks---~-------~-~~-~---- Cash Items-------------~~~--------
Overdraft~ --~~-~----~~~-~~~-------
.Advance on Cotton and other Commodities ----~-------~~~--------
Customers Liability on Letters of Credit and .Acceptances--~~-------
Profit and Loss-------~~~~------~~~ Other Resources---------------~~~~-
Total ------------~--~---~-----~-~~$

53,340.79
None None None 629.22 491.91 3,538.80
24,829.23
None None None
8,192.89
None None None
91.022.84

LIABILITIES Capital Stock~~~----~-------------~$ Capital Notes~~~----~~--------~--- Surplus Fund~~~--------~------~--- Undivlded Proflts-----------~------ Reserve Fund"-----~~~----~----~--- Due to Banks---~~~~--~-----~------ Dividends Unpaid~-~~~--~-~------~ Cashier's Checks__ ~--~------------ Certifled Check"--~~-~------------~~ 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
10,000.00 8,299.22
350.00 None
1,500.00 303.82 None
48,040.93 7,528.87 None
None None None None

Total ~~ -~~~~~~~~~~~-~-~-~~~~~~-~-- $ 91,022.84

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Folkston, Ga.

As called for by the Superintendent of Banks.

WM. MIZELL, President.
Date of Charter: 12-19-1911

R. A. BOYD, Cashier. Began Business: 1-4-1912

RESOURCES: Loans and Discounts----~-~---------$ State of Georgia and Municipal Bonds
owned ---~~---~~-----~-------~~ U. S. Government Securities owned~ Other Stocks and Bonds owned-~~-~ Banking House and LoL-------~-~ 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 Profit and Los"---------~--~--~--~ Other Resources_~-----------------

373,064.68
47,231.25 95,400.00
None 12,000.00
400.00 None
379,681.79
617.50 X one X one
None
None None

LIABILITIES : Capital Stock~~~~-~~~-~~~-~~------~ Capital Notes~~-~-~-~~--~~-~--~-~--Surplus Fund_____ ~~--~~~~~~~~~~--~-
Undivided Profits--~-~-~~~~----~~~Reserve Funds______________________
Due to Bank"--~----~~~~~-~------- 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 17,918.42 27,000.00
None None 1,764.15 None 336,557.8Q 84,705.67 393,319.69
None None None 17,129.49

Total -----------------------------$ 908,395.22

Total --~------~---------~-~-----~~$ 908,395.22

TWENTY-SECOND ANNUAL REPORT

51

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK OF FORSYTH, GA. Forsyth, Ga.

As called for by the Superintendent of Banks.

H. H. HARDIN, President.
Date of Charter: 2-17-1920

JNO. T. STEPHENS, Cashier.
Began Business: 3-l-1920

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 Liabil!t~ on Letters of
Credit and Acceptances ____________ Profit and Loss___________________ _ Other Resources____________________
Total ________ ------ _______________ $

84,958.86
14,496.50 25,974.84 23,953.71
2,375.00 164.00 None
318,756.53
4,223.54 None None
None
None None None
47 4,902.98

LIABILITIES: Capital Stock______________________ $ Capital Notes _______________________ Surplus Fund______________________ Undivided Profits_________________ _
RDeuseervtoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_ Dividenrts Unpaid___________________ Cashier's Checks___________________ Certified Checks____________________ Demand Deposits__________________ _
Time Certificates of Depcsits________ Letters of Credit and Acceptances
executed for Customers____________ Savings Deposits____________________ Bills Payable_______________________
Xotes and Bills Rediscounted________ Other Liabilities____________________

40,000.00 None
10,000.00 6,220.19 8,000.00 None None 3,285.06 None
407,397.73 None
None None None None None

Total ------------------ ___________ $ 47 4,902.98

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

R. T. PERSONS, President.
Date of Charter: 3-9-1910

R. J. BITTICK, Cashier.
Began Business: 1910

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___________________ _
Total -----------------------------$

140,909.29
None None None 2,500.00 400.00 36,593.00
106,541.16
766.98 None None
None
None None None
287,710.4~

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____________________

50,000.00 None
50,000.00 30.45 None None None None None
187,679.98 None Nolie
None None None None

Total -----------------------------$ 287,710.43

52

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
MONROE COUNTY BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

W. C. HILL, President.
Date of Charter: ll-2-1908

C. F. HEARD, Cashier_
Began Business: 10-15-1908

RESOURCES: Loans and Discounts_______________ $

State of Georgia and )funicipal Bonds

r.

owned -------------------------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 appro\ect 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____________________

273,4:;0.24
8,300.00 2,92:-i.OO 4,350.00 2,000.00
1.00 8,07:i.l3
95,818.00
2,952.22 None None
3,600.00
None None None

LIABILITIES: Capital Stock_______________________ $ Cal)ital Notrs_______________________ Surplus Fund_____________________ _
l'ndivided Profits___________ -------Reserve Funds _____________________ _ Due to Banks______________________ IliYidends Unpaid__________________ _ Cashier's Checks__________________ _ Certified Checks___________________ _ Demand Deposits___________________
Time Certificates of Deposits______
Savings Deposits ------------------Letters of Credit and Acceptances
Credit and Acceptances____________
Bills Payable---------------------:\'otes and Bills Rediscounted_______ _ Other Liabilities____________________

25,000.00 X one
17,500.00 3,036.98 None None None 1,853.07 None
178,752.14 5,000.00
165,137.16
None None None 5,392.24

Total _____________________________ $ 401,67l.:i9

STATEMENT

Showing condition at the close of business December 31, 1941, of

FORT GAINES BANKING CO. Fort Gaines, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 2-ll-1937

W. G. GRI.\ISLEY. Cashier.
Began Business: 2-15-1937

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds O\\'ned _ ----- --------- ___________ _
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 ___________________ _

120,257.45
None 5,900.00
None 2,500.00 1,200.00
None
221,268.88
92.95 None None
None
None None None

Total -----------------------------$ 351,219.28

LIABILITIES: Capital Stock______________________ $ Capital Notes_______________________
Surplus Fund ---------------------Undivided Profits __________________
RDeuseervtoe BFaunnkdss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-____ 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----------------------:\'otes and Bills Rediscounted_______ _ Other Liabilities_-------------_

25,000.00 None
7,000.00 4,905.01
None None 360.00 771.42 None 255,194.33 5,000.00 52,988.52
None None None None

Total -----------------------------$ 351,219.28

TWENTY-SECOND ANNUAL REPORT

53

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF FORT VALLEY Fort Valley, Ga.

As called for by the Superintendent of Banks.

W_ E. GREENE, President_
Date of Charter: 10-ll-1924

HERBERT HUCKABEE, Cashier_
Began Business: 10-15-1924

RESOURCES: Loans and Discounts______________$

State of Georgia and "Iunicipal Bonds

e. o

wned S. Go

--------------------------vernment 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 -------------------

Total _____ ------------------------$

259,553.02
3,189.80 34,280.35
None None 1,694.50 1,884.45
323,171.03
None None None
None
None None 350.00
624,123.35

I,IABILITIES: Capital Stock____________ ----------$ Capital Notes_______________________ Surplus Fund ____________________ _
Undivided Profits -----------------ItcserYe :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-------------------

50,000.00 None
25,000.00 13,373.05
None None None 3,656.66 None 427,146.78 14,160.20 90,786.66
None None None None

Total . ----------------------------$ 624,123.35

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF HEARD COUNTY Franklin, Ga.

E. E. LEWIS, President.
Date of Charter:

As called for by the Superintendent of Banks.

10-14-1905

H. J_ MICKLE,
Cashier_
Began Business: 10-18-1905

RESOURCES: Loans and Discounts~ __________ ----$ State of Georgia and Municipal Bonds
O\\'ned __________________________ _
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 CaoshtheIrtemBsa_n_k_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Overdrafts ------------------------Advance on Cotton and other Com-
modities ________________________ _
Customors Liability on Letters of Credit and Acceptances ____________
Profit and Loss___________________ _ Other Resources___________________ _
Total -- ___________________________ $

81,477.01
22,764.23 38,000.00
None 1,931.00 1,342.00 1,546.00
153,839.01
5,000.00 None None
14,810.!)4
None None None
320,709.81

LIABILITIES: Capital Stock_________________ ------$
Capital Notes----------------------Surplus Fund --------------------Undivided Profits ________________ _ Heserve 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_---------------------1\otes and Bills Rediscounted________
Other Liabilities -------------------

25,000.00 None
11,000.00 1,712.08 None None 1,500.00 585.45 None
178,334.68 2,770.00
99,643.83
None None None 163.77

Total

320,709.81

54

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE CITIZENS BANK Gainesville, Ga.

As called for by the Superintendent of Banks.

JOHN H. HOSCH, President.
Date of Charter: 5-19-1913

ROBT. A. BRICE, Cashier.
Began Business: 6-2-1913

RESOURCES: Loans and Discounts_______________$
Stoawteneodf G__e_o_rg__ia__a_n_d__M__u_n_i_c_i_p_a_l _B__o_n_d_s
U. S. Government Securities owned __ Other Stocks and Bonds owned_____ Banking House and Lot____________ Furniture an~i Fixtures____________ _
Other Real Estate owned-----------Cash in Vault anc .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____________________

438,675.87
208,338.67 42,400.00
None 12,847.13
3,906.62 5,250.00
771,252.32
11,233.14 59.56
178.12
37,299.76
None None None

Total -----------------------------$ 1,531,441.19

LIABILITIES : Capital Stock_______________________$ Capital Notes _______________________ Surplus Fund ___________________ _
Undivided Profits _________________ Reserve Funds_____________________ _

50,000.00 None
50,000.00
14,394.40 None

Due to Banks___ ------------------Dividends Unpaid ________________ _

6,440.24 2,528.00

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

336.78

Certified Checks____________________

None

Demand Deposits _________________ _ 1,148,865.96

Time Certificates of Deposits_______

100.00

Savings Deposits __________________ 258,775.81

Letters of Credit and .Acceptances

executed for Customers ____________

None

Bills Payable----------------------Notes and Bills Rediscounted________

None None

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

None

Total -----------------------------$ 1,531,441.19

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF GIBSON Gibson, Ga.

As called for by the Superintendent of Banks.

E. E. GRIFFIN, President.
Date of Charter: 11-7-1905

E. E. GRIFFIN, Cashier.
Began Business: ll-27-1905

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 C aosthh eIrt eBmasn_k_s_ _ _- _- _- _- _- _-_-_-_-_-_-_-_-_-_-_-_-_-_-_- -_
Overdrafts -----------------------.Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and .Acceptances___________ _ Profit and Loss____________________
Other Resources -------------------

45,490.21
14,418.33 3,200.00 5,000.00 3,000.00 1,600.00
None
51,165.37
None None 724.67
None
None None 40.00

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
5,000.00 1,200.00
None None None 390.03 None 103,048.55 None None
None None None None

Total -----------------------------$ 124,638.58

Total -----------------------------$ 124,638.58

TWENTY-SECOND ANNUAL REPORT

55

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE GLENNVILLE BANK Glennville, Ga.

As called for by the Superintendent of Banks.

C. W. KICKLIGHTER, SR., President.
Date of Charter: 1-12-1905

J. A. BACON,
Cashier.
Began Business: 1-18-1905

RESOURCES: Loans and Discounts________________ $
State ol 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_ _______ __
Checl<s 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____________________

184,849.16
2,000.00 41,900.00
None 5,900.00 2,970.00 2,600.00
258,368.63
None None None
28,000.78
None None None

Capital Stock____L__IA__B_I_L__IT__IE__S_:_____$
SCuarppitlauls NFotuensd--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Undivided Profits -----------------RDeuseervtoe FBuanndkss_~_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
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____________________

30,000.00 12,500.00 12,000.00 2,433.32 13,153.39
None None 12,408.30 None 306,515.76 131,304.73 6,273.07
None None None None

Total -----------------------------$ 526.588.57

Total -----------------------------$ 526,588.57

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF GRAY Gray, Ga.

As called for by the Superintendent of Banks.

D. V. CHILDS, President.
Date of Charter: 8-23-1909

J. L. MERCER,
Cashier.
Began Business: 8-28-1909

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 CaosthheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ------------------------Advance an Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances___________ _ Profit and Loss____________________
Other Resources -------------------
Total -----------------------------$

48,283.09
14,149.01 4,000.00
None 1,682.50 1,000.00 9,574.30
58,972.92
None None None
None
None 678.17 None
138,339.99

Capital

LIABILITIES : Stock______________________

$

CSuarppitlauls NFoutneds _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Undivided Profits___________________

Reserve Funds -------------------Due to Banks_____________________ Dividends Unpaid___________________
Cashier's Checks _________________ Certified Checks____________________

Demand Deposits -----------------Time Certificates of Deposits_______ _ Sa.vings Deposits____________________

Letters of Credit and Acceptances executed for Customers____________
Bills Payable _______________________

Notes and Bllls Rediscounted________ Other Liabilities____________________

15,000.00 7,500.00
None None 3,000.00 None None 345.08 None 108,506.29 3,988.62 None
None None None None

Total -----------------------------$ 138,339.99

56

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF GREENSBORO Greensboro, Ga.

As called for by the Superintendent of Banks.

T. B. RICE, President.
Date of Charter: 10-13-1926

C. WELDON SMITH, Cashier.
Began Business: 10-14-1926

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

194,488.88
9,776.00 27,462.88
1,060.00 None
541.66 None
208,428.89
213.56 None
337.30
None
None None 9,387.63

Total -----------------------------$ 451,696.80

LIABILITIES:

Capital Capital

NSottoecsk_._._._-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$

Surplus Fund __ .------------------UndiYided Profits ----------------Heserve F'unds....---- --------------Due to Banks______________________

Dividends t:npaid -----------------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 None
25,000.00 5,841.40
None None 356.00 3,614.34 None 391,885.06 NonP None
None None None None

Total _____________ .. ______________ $ 451,696.80

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE GREENVILLE BANKING CO. Greenville, Ga.

As called for by the Superintendent of Banks.

J.P. ATKINSON, President.
Date of Charter: 10-24-1887

W. L. PINKSTON, Cashier.
Began Business: 1891

RESOURCES: Loans and Discounts.. _____________$ 185,065.24

State of Georgia and Municipal Bonds

owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned____ _ Banking House and Lot. ____________

9,377.15 9,610.00 1,500.00
7,900.00

Furniture and Fixtures______________ Other Real Estate owned___________

4,100.00 24,035.40

Cash in Vault and Amount due from approved Reserve Agents__________ 108,799.13

Checks for Clearing and Due from
other Banks -------------------Cash Items -----------------------Overdrafts ------------------------Advance on Cotton and other Com-
commodities ____________________ _

None 777.51 1,817.04
43,035.56

Customers Liability on Letters of Credit and Acceptances ____________

None

Profit and LOSS--------------------

None

Other

Re

sour

ce

s-

----

----

----

---

----

-

-

-

None
--

Total -----------------------------$ 396,017.03

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 ___________________ _

50,000.00 47,000.00
6,000.00 569.54
1,670.00 None None 230.47 None
201,978.21 88,568.81
None
None None None None

Total -----------------------------$ 396,017.03

TWENTY-SECOND ANNUAL REPORT

57

STATEMENT

Showing condition at the close of business December 31, 1941, of

COMMERCIAL & SAVINGS BANK Griffin, Ga.

As called for by the Superintendent of Banks.

T. T. BLAKELY, President.
Date of Charter: 10-ll-1889

C. B. PIERCE, JR., Cashier.
Began Business: 10-9-1890

RESOURCES: Loans and Discounts ___________ -----$ 1,003,767.09

State. of Georgia and Municipal Bonds o"'ned _________________________ _

14,223.60

t:". S. Government Securities owned __ 103,915.63

Other Stocks and Bonds owned ___ _ 22,154.86

Banking House and Lot ___________ _ 26,500.00

Furniture and Fixtures_____________ _

7,000.00

Other Real Estate owned__________ 35,665.00

Cash in Vault and Amount due from approved Reserve Agents __________ _ 850,390.62

Checks for Clearing and Due from

other Banks ___________________ _ Cash Items _______________________ _ Overdafts ________________________ _

9,179.83 1,523.48 1,538.85

Advance on Cotton and other Com-

modities __ -----------------------

77,980.43

Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss____________________ Other Resources __________________ _

None None 3,621.23

Total _____________________________ $ 2,157,460.62

LIABILITIES:

Capital Stock_____________________ .$ 100,000.00

Capital X otes______________________ _

None

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

Undivided Profits _________________ _ Reserve l!..,unds ___________________ _

68,960.81 51,066.88

Due to Banks_____________________ _ Dividends Unpaid _________________ _

79,174.56 10,000.00

Cashier's Checks ________________ _ Certified Checks____________________

6,039.09 None

Demand Deposits ------------------ 1,185,122.76

Time Certificates of Deposits______ _ 32,320.00

Savings Deposits ------------------ 574,776.52

Letters of Credit and Acceptances

executed for Customers ___________ _ Bills Payable_______________________

None None

Notes and Bills Rediscounted________ Other Liabilities___________________ _

None None

Total _____________________ ------$ 2,157,460.62

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE STATE BANK Griffin, Ga.

As called for by the Superintendent of Banks.

D. R. CUMMING, President.
Date of Charter: 4-24-1933

S. T. MARTIN, Cashier.
Began Business: 5-2-1933

RESOURCES: Loans and Discounts _______________$
State of Georgia and Municipal Bonds owned --------------------------
U. S. Giovernment 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 ------------------------Credit and Acceptances__________ _
Customers Liability on Letters of Profit and Loss ___________________ _ Other Resources___________________ _

499,215.80
34,114.10 195,893.75
None None 5,177.25 None
994,716.47
21,498.16 None 136.29
29,273.04 None
None None

Total ___________ ------------------$ 1,780,024.86

Capital

Stock

LIABILITIES: _______________________

$

Capital Notes_______________________

50,000.00 None

Surplus Fund -------------------Undivided Profits _________________

75,000.00 28,581.76

Reserve Funds -------------------Due to Banks_____________________ _

None 1, 779.13

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

None

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

4,792.73

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

2.00

Demand Deposits ------------------ 1,382,848.95

Time Certificates of Deposits____ _ 17,634.91

Savings Deposits ------------------ 219,385.38

Letters of Credit and Acceptances

executed for Customers____________ Bills Pay:tble _______________________

None None

Notes and Bills Rediscounted_______ _ Other Liabilities____________________

None None

Total -----------------------------$ 1,780,024.86

58

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

JONES COUNTY BANK Haddock, Ga.

As called for by the Superintendent of Banks.

GRADY A. SMITH, President.
Date of Charter: 7-14-1905

GRADY A. SMITH, Cashier.
Began Business: 7-25-1905

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 CaosthheIrteBmasn_k_s__-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Overdrafts ________________________ _
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances___________
Profit and Loss____________________ Other Resources____________________
Total _____________________________ $

149,429.07
None 5,318.15
None 500.00 250.00 7,000.00
58,449.92
None None None
None
None None None
220,947.14

Capital Stock_____L__IA__B_I_L__IT__IE__S_:_____$ Capital Notes_______________________ Surplus Fund_______________________
Undivided Profits ----------------Reserve Funds ____________________ Due to Banks_____________________ Dividends Unpaid___________________ Cashier's Checks _________________
DCeermtiafniedd DCephoescitkss-_-_-_-_--_-_-_-__-_-_--_-_-_-_-_-_-_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 None None
7,792.43 1,128.92
None None 2,592.61 None 84,749.18 99,684.00 None
None None None None

Total ______________ ---------------$ 220,947.14

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE CITIZENS BANK OF HAHIRA Hahira, Ga.

As called for by the Superintendent of Banks.

D. K. HOLLIS, President.
Date of Charter: 2-12-1927

H. T. SCRUGGS, Cashier.
Began Business: 2-21-1927

RESOURCES: Loans and Discounts_______________$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocl<s and Bonds owned____ _ Banking House and LoL___________ _ 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 ___________________
Total -----------------------------$

71,849.86
None 15,500.00
None 629.60 1,381.86 1,119.00
134,601.45
None None None
None
None None 450.00
225,531.77

LIABILITIES : Capital Stock_______________________ $ Capital Notes ______________________
Survlu~ Fl.:,nd_________ -------------Undivided Profits ----------------DRueseertvoe BFaunnkdss__-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
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 3,150.00
None 1,894.80 2,100.00
None 450.00
21.49 None 82,212.22 89,905.50 30,797.76
None None None None

Total -----------------------------$ 225,531.77

TWENTY-SECOND ANNUAL REPORT

59

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF COLUMBIA COUNTY Harlem, Ga.

As called for by the Superintendent of Banks.

J. T. BARNSLEY,
President. Date of Charter: ll-29-1909

E. D. CLARY, JR.,
Cashier. Began Business: 12-13-1909

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned --------------------------
U. S. Government Securities owned__ Other Real Estate 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 C aos ht h eIrt eBmasn_k__s __-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_- _-
Overdrafts --------------------- ____ Advance on Cotton and other Com-
modities _____,__________________ _
Customers Liability on Letters of Credit and Acceptances___________
Profit and Loss____________________ Other Resources____________________

117,101.44
10,560.40 7,250.00 None 3,500.00 500.00 4,449.50
126,957.90
None None None
None
None None None

LIABILITIES: Capital Stock_______________________$ Capital Notes_______________________
Surplus Fund --------------------Undivided Profits -----------------DReuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_ 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 None
8,000.00 2,000.00 2,474.40
None 1,546.00
37.00 None 161,644.81 69,405.01 61.00
None None None 151.02

Total -----------------------------$ 270,319.24

Total -----------------------------$ 270,319.24

STATEMENT

Showing condition at the close of business December 31, 1941, of

PLANTERS BANK Hawkinsville, Ga.

As called for by the Superi~tendent of Banks.

N. A. JELKS, President.
Date of Charter: 2-27-1906

D. P. McGRIFF, Cashier.
Began Business: 3-1896

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 ----------------~-------. Advane~ on Cotton and other Com-
modities _____ --------------------Customers Liability on Letters of.
Credit and Acceptances___________ _ Profit and Loss____________________ Other Resources____________________

224,124.17
None 39,200.00 10,050.00
8,500.00 2,000.00 2,320.40
270,357.94
4,146.40 None None
14,202.74
None None None

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____________________

50,000.00 None
50,000.00 34,500.00
5,870.66 None
5,000.00 1,603.41
32.90 398,105.74
29,788.94 None
None None None None

Total -----------------------------$ 57 4,901.65

Total -----------------------------$ 574,901.65

60

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF HAZLEHURST Hazlehurst, Ga.

As called for by the Superir.uendent of Banks.

JOHN ROGERS, President.
Date of Charter: 10-19-1906

B. B. WOOTEN, Cashier.
Began Business: 10-1906

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds owned ------ ___________________ _
U. S. Government Securities o'vned __ Other Stocks and Bonds owned ____ _ Banking House and Lot_ ___________ _ Furniture and Fixtures_____________ _ Othe Real Estate owned_____________ Cash in Vault and .Amount due from
approved Reserve .Agents__________ Checks for Clearing and Due from CaosthheIrteBmasn_k_s__-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Overdrafts ________________________ _
Advance on Cotton and other Commodities -------------------------
Cuetomers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss ___________________ _ Other Resources____________________

36,569.21
None 1.00
None None
1.00 1.00
355,819.60
5,687.49 None None
None
None None None

Ll.ABILITIES: Capital Stock_______________________ $ Capital Nltes_________________ -----Surplus Fund ____________________ Undivided Profits ________________ _ Reserve Funds ___________________ _ Due to Banks______________________ Dividends Unpaid__________________ _
Cashier's Checks ------------------Certified Checks ------------------Denland 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 None
32,900.00 9,038.28 3,515.00 None None 750.48 43.50
323,422.43 1,409.61 None
None None None None

Total -----------------------------$ 398,079.30

Total -----------------------------$ 398,079.30

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF HIAWASSEE Hiawassee, Ga.

As called for by the Superintendent of Banks.

J. F. JOHNSON, President.
Date of Charter: 6-14-1909

W. 0. SPARKS, Cashier.
Began Business: 7-21-1909

RESOURCES: Loans and Discounts _______ ---------$ Stoawteneodf G__e,o__rg_i_a__a_n_d__M__u__n_ic_i_p_a_l__B_o__n_d_s

U. S. Government Securities owned __ Other Real Estate 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
CaosthheIrtemBsa_n_k_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

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

.Advance on Cotton and other Com-

modi ties

________ ----~------

Customers Liability on Letters of Credit and Acceptances__________ _

Profit and Loss____________________

Other Resources____________________

28,746.32
None 17,500.00
None 900.00 450.00
None
577,547.53
None None 150.00
None
None None None

Total -----------------------------$ 625,293.85

LI.ABILlTU:S: 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
5,000.00 7,897.52
None None 48.00 1,294.90 None 595,503.43 550.00 :None
None None None None

Total -----------------------------$ 625,293.85

TWENTY-SECOND ANNUAL REPORT

61

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE HINESVILLE BANK Hinesville, Ga.

As called for by the Superintendent of Banks.

D. F. MARTIN, President.
Date of Charter: 9-4-1911

T. H. McDOWELL, Cashier.
Began Business: 11-15-1911

RESOURCES: Loans and Discounts ______________ $
State of Georgia and l\Iunicipal Bonds owned ____ --------- -------- --
U. S. Government Securities owned __ Other Stocks and Bonds owned_____ Banking House and LoL ___________ _ :Furniture and Fixtures____________ _ Other Real Estate owned___________ _
Cash in Vault and Amount due from avvroved Reserve Agents _________ _
Checks for Clearing and Due from
other Banks --------------------Cash Items ________________________ Overdrafts ________________________ _
Advance on Cotton and other Commodities __
Customer' Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _ Other Resources ___________________ _

301,481.81
1,954.26 54,467.02
None 1,532.65 5,363. 72
None
306,811.99
~one
17.44 573.21
None
None None 20.00

672,222.10

LIABILITIES: Capital Stock__ --------------------$ Capital Xotes _______________________ _ 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 -~---------- ---------Xotes and Bills Rediscounted________ Other Liabilities -------------------

15,000.00 None
15,000.00 11,471.49
None X one
~one
11,173.02 None
582,049.53 37,191.44 X one
X one Kone None 336.62

672,222.10

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF ILA Ila, Ga.

As called for by the Superintendent of Banks.

G. H. WESTBROOK, President.
Date of Charter: 10-ll-1910

FRED McGINNIS, Cashier.
Began Business: 10-15-1910

RESOURCES: Loans and Discounts______________$ State of Georgia and :\Iunicipal Bonds
owned ________________ ----------U. S. Government Securities owned __ Other Stocks and Bonds cwned_____ 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________________________ _ OverdrafL _________________________ _
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _ Other Resources___________________ _
Total _____________________________ $

69,239.57
None None None 1,458.00 912.10 11,732.50
22,924.73
600.00 None None
X one
None None None
106,866.90

LIABILITIES: Capital Stock______________________ $ Capital Notes_______________________
Surplus Fund --------------------Undivided Profits -----------------Hescrve 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 2,087.43 2,000.00 None X one 50.00 None
21,003.21 51,726.26
None
None None X one None

Total _____________________________$ 106,866.90

62

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF JONESBORO Jonesboro, Ga.

As called for by the Superintendent of Banks.

ELIZABETH M. BLALOCK, President.
Date of Charter: 10-6-1903

J. B. PULLIAM,
Cashier. Began Business: 11-7-1903

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned ---------------------------
U. S. Gt{)Vernment 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 ------------------------Admvoadnicteieson___C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Acceptances____________
Profit and Lose___________________ _ Other Resources____________________
Total _____________________________ $

104,813.19
None 85,250.00
None 984.15 984.15 22,680.17
225,189.36
None None 1,463.76
4,034.46
None None None
445,399.24

Capital

LIABILITIES : Stock ______________________

$

Capital Notes_______________________

Surplus Fund ------------------RUensdeirvviededFuPnrdosf_i_ts__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_ Due to Banks______________________ _
Dividends Unpaid___________________

Cashier's Checks ------------------CDeermtiafinedd DCehpeocsiktss--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
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 None
25,000.00 78.76 None None None
5,219.01 None
327,677.58 None
62,423.89
None None None None

Total -----------------------------$ 445,399.24

STATEMENT

Showing condition at the close of business December 31, 1941, of
FARMERS & MERCHANTS BANK Junction City, Ga.

As called for by the Superintendent of Banks.

C. W. MOORE, President.
Date of Charter: 3-23-1912

W. A. BLYTHE, Cashier.
Began Business: 4-3-1912

RESOURCES: Loans and Discounts_______________ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government decurities 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 CaosthheIrtemBsa_n_k_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ___________ -------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances___________ Profit and Loss____________________ Other Resources____________________
Total ________ ----------------- ____$

39,577.61
None None None 750.00 700.00 None
53,917.93
None None 481.72
None
None None None
95,427.26

LIABILITIES : Capital Stock______________________$ Capital Notes_______________________ Surplus Fund _____________________ Undivided Profits _________________ Reserve Fnnds_____________________ __ Due to Banks______________________
Dividends Unpaid ----------------Certified Checks-------------------SDaevminagnsd DDeeppoossitists-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-
Time Certificates of Deposits______ _ Savings Deposits ___________________
Letters of Credit and Acceptances executed for Customers___________
Bills Payable_______________________
Xotes and Bills Rediscounted_______ _ Other Liabilities___________________ _

15,000.00 None
15,000.00 553.07 None None 600.00 None None
60,565.63 3,708.56
None
None None None None

Total ----------------------------$ 95,427.26

TWENTY-SECOND ANNUAL REPORT

63

STATEMENT Showing condition at the close of business December 31, 1941, of

KENNESAW STATE BANK Kennesaw, Ga.

As called for by the Superintendent of Banks.

J_ G. LEWIS, President.
Date of Charter: 4-20-1910

L. C. CHALKER, Cashier.
Began Business: 3-1910

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 CaosthheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Overdrafts -~ ---------------------Advance on Cotton and other Com-
modities ________________________ _
Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss___________________ _
Other Resources -------------------
Total ----------------------------- $

38,818.58
None None None 3,200.00 1,600.00 2,555.90
23,254.13
None None 183.35
3,860.00
None None 135.00
73,606.96

LIABILITIES : Capital Stock______________________$ Capital Notes______________________ _ Surplus Fund______________________ _
Undivided Profits -----------------RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_Dividends Unpaid__________________ _
Cashier's Checks ------------------Certified Checks___________________ _
Demand Deposits ----------------Time Certificates of Deposits_____ _ Savings Deposits___________:_ _______ _
Letters of Credit and .Acceptances executed for Customers___________ _
Eills Payable ______________________ _ Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

15,000.00 None None
257.49 1,400.00
None None
2.00 None 25,204.46 31,743.01 None
None None None None

73.606.96

STATEMENT

Showing condition at the close of business December 31, 1941, of

STATE BANK OF KINGSLAND Kingsland, Ga.

As called for by the Superintendent of Banks.

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

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

RESOURCES: Loans and Discounts_______________ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities ownedc_ Other Stocks and Bonds owned____ _ Banking House and Lot__________ _ Furniture and Fixtures___________ _ Other Real Estate owned ___________ _
Cash in Vault and .Amount due from approved Re3erve Agents _________ _
Checks for Clearing and Due from CaosthheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Overdrafts ___ ---------------------.Advance on Cotton and other Com-
modities -------------------------Customers Liability on Letters of
Credit and .Acceptances___________ _ Profit and Loss___________________ _
Other Resources___________ ~~--------

105,693.65
None None None 5,606.00 3,414.00 650.00
136,138.42
None None 24.12
None
None None None

Total -----------------------------$ 251,526.19

LIABILITIES: Capital Stock_______________________$ Capital Notes______________________ _
Surplus }'und ---------------------Undivided Profits__________________ _
DReuseertvoe BFaunnkdss__-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ 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
17,000.00 None
1,827.32 2,309.82 1,500.00
981.31 None
169,076.58 None
43,831.16
None None None None

Total -----------------------------$ 251,526.19

64

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE BANK OF LaFAYETTE LaFayette, Ga.

As called for by the Superintendent of Banks.

C. C. GILBERT, President.
Date of Charter: ll-13-1889

H. A. DAVISON, Cashier.
Began Business: 1899

RESOURCES: Loans and Discounts_____ -----------$ State of Georgia and ~funicipal Bonds
owned ---------------------------U. S. Government Securities owned __ Other Stocks and Bond 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
CaoshtheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ----------- _____________ _ Advance on Cotton and other Com-
modities ______________________
Customers Liability on Letters of Credit and Acceptances__________ _
Profit 2nd Loss___________________ _ Other Resources___________________ _

317,541.44
79,333.63 74,679.01 48,097.14 25,000.00
3,000.00 21,162.72
723,839.16
X one None 507.58
None
X one None None

Total

-------------------------$ 1,295,160.68

LIABILITIES : Capital Stock______________________ $ Capital Xotes ______________________ _ 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-----------------------Xotes and Bills Rediscounted_______ _ Other Liabilities __________________ _

50,000.00 None
50,000.00 3,986.19 2,000.00
None 5,000.00
531.01 None 784,032.85 18,689.32 380,876.31
None None None 45.00

Total _____________________________$ 1,295,160.68

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE CITIZENS & SOUTHERN BANK OF LaGRANGE LaGrange, Ga.

As called for by the Superintendent of Banks.

LEWIS PRICE, President.
Date of Charter: 7-23-1937

HARRY R. SPIKES. Cashier.
Began Business: 8-2-1937

RESOURCES: Loans and Discounts _______________ $ 1,184,294.65

State of Georgia and Municipal Bonds

owned -------------------------- 801,863.59

U. S. Government Securities owned __ 312,405.76

Other Stocks and Bonds owned ____ _ Banking House and Lot_ _________ _

90,084.92 24,537.7ti

Furniture and Fixtures_____________ _

X one

Other Real Estate owned __________ _

153.50

Cash in Vault and Amount due from

approved Reserve AgentS'_________ _ 1,291,234.88

f'hecks for Clearing and Due from

other Banks --------------------Cash Items ______________ _.______ _ Overdrafts ________________________ _

None 14,158.96
3,800.58

Advance on Cotton and other Com-

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

75,376.35

Customers Liability on Letters of

Credit and Acceptances___________ _ Profit and Loss___________________ _ Other Resources___________________ _

None
None None

Total -----------------------------$ 3,797,910.94

LIABILITIES : f'apital Stock_______________________ $ f'apital Xotes ______________________ _ 8urplus Fund ___________________ _
T'ndivided Profits _________________ _

100,000.00 None
150,000.00 15,848.49

ReserYe Funds ___________________ _ Due to Banks ___________________ _ DiYidends Unpaid ________________ _ Cashier's Checks __________________ _

42,392.28 30,481.69
9,880.00 113.23

Certified Checks __________________ _

170.10

Demand Deposits _________________ _ 2,600,268.16

Time Certificates of Deposits _______ _

X one

SaYings Deposits ____________ ------ 84 7,321.94

Letters of Credit and Acceptances

executed for Customers __________ _ Bills Payable _____________________ _

None None

Xotes and Bills Rediscounted_______ _

None

Other Liabilities __________________ _

1,435.05

Total _____________________________ $ 3,797,910.94

TWENTY-SECOND ANNUAL REPORT

65

STATEMENT
Showing condition at the close of business December 31, 1941, of
LaGRANGE BANKING COMPANY LaGrange, Ga.

As called for by the Superintendent of Banks.

A. E_ MALLORY, President_
Date of Charter: 7-8-1941

N. R. HENDERSON,
Cashier. Began Business: 9-15-1941

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 Escate owned___________ _
Cash in Vault and Amcunt 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___________________ _

41,821.64
None 22,655.85
None None 1,843.38 None
258,730.71
6,738.88 None None
~one
~one
450.03 None

Total ----------------------------$ 332,240.49

LIABILITIES: Capital Stock_______________________ $ Capital Notes_______________________

50,000.00 None

Surplus Fund ---------------------Undivided Profits__________________ _
Reserve l<'unds _____________________ _ Due to Banks_____________________ _

10,000.00
None Nono None

Dividends Unpaid__________________ _
Cashier's Checks __________________ Certified Checks____________________

None None
None

Demand Deposits __________________ 245,919.57

Time Certificates of Deposits_______ _ Savings Deposits ___________________

None 26,320.92

J,etters of Credit and Acceptances

executed for Customers_____________ _

None

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

None

Notes and Bills Rediscounted________

None

Other Liabilities___________________ _

None

Total -----------------------------$ 332.240.49

STATEMENT
Showing condition at the close of business December 31, 1941, of
FARMERS & MERCHANTS BANK Lakeland, Ga.

As called for by the Superintendent of Banks.

W. L. MILLER,
President. Date of Charter: 4-18-1907

W. C. BANKS, Cashier.
Began Business: 1907

RESOURCES: Loans and Discounts________________ $ . 141,432.82

State of Georgia and Municipal Bonds

owned -------------------------U. S. Government Securities owned___

5,000.00 None

Other Stocks and Bonds owned____ _

None

Banking House and Lot_ _________ _ Furniture and Fixtures____________ _

1,600.00 1,000.00

Other Real Estate owned___________ _

None

Cash in Vault and Amount due from

approved Reserve Agents_________ _ 175,646.47

Checks for Clearing and Due from

CaosthheIrtemBsan_k_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

X one 57.50

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

111.75

Advance on Cotton and other Com-

modities -------------------------Customers Liability on Letters of

2,187.4 7

Credit and Acceptances___________ _ Profit and Loss___________________ _ Other Resources____________________

None None None

Total -----------------------------$ 327,036.01

LIABILITIES: Capital Stock______________________ $
Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits _________________
DRueseertvoe BFaunnkdss___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpaid ----------------Cashier's Checks __________________ Certified Checks___________________ _
Demand Deposits ----------------Time Certificates of Deposits_______ _ Savings Deposits -----------------Letters of Credit and Acceptances
executed for Customers_________r_ Bills Payable_______________________ Notes and Bills Rediscounted_______ _ Other Liabilities___________________ _

25,000.00 7,900.00 5,000.00 4,227.86 2,100.00 None 1,530.00 812.61 None
188,570.77 69,248.80 22,645.97
None None None None

Total -----------------------------$ 327,036.01

66

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 19~1, of

LAKE PARK BANK Lake Park, Ga.

As called for by the Superintendent of Banks.

EWELL BROWN, President.
Date of Charter: 1-22-1906

EWELL BROWN. Cashier.
Began Business: 3-1906

RESOURCES: Loans and Discounts ________________ $ State of Georgia and Municipal' Bonds
owned --------------------------U. S. Government Securities owned __ Other Stncks and Bonds owned_____ Banking House and Lot_ ___________ _ Furniture and Fixtures________ ------- Other Real Estate owned _______ -Cash in Vault and Amount due from
approved Reserve Agents ______ _ Checl{s for Clearing anC. Due from
other Banks _______________... ____ _
OCavsehrdrIateftms s _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-___-_-_-_-_--_
Advance on Cotton and other Commodities ________________________ _
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss_.._________________ _ Other Resources____________________
Total -----------------------------$

31,610.66
None None None 500.00 100.00 40.13
14,849.32
None 14.81
4.22
None
None None None
47.119.14

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______ _ SaYings Deposits___________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable ______________________ _
Xotes and Bills Rediscounted._______ _ Other Liabilities________ ------------

15,000.00 None
3,000.00 660.46 None None 450.00 5.90 None
22,008.58 5,994.20 None
None None
~one
::-ionc

Total __ -- . ____________ ------- $ 47.119.14

STATEMENT

Showing condition at the close of business December 31, 1941, of

NORTHEAST GEORGIA BANK Lavonia, Ga.

As called for by the Superintendent of Banks.

C. A. KIDD, President.
Date of Charter: 9-20-194{)

W. N. HARRISON, Cashier.
Began Business: 9-23-1940

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 -----------------------Ove;-drafts _________________________
Advance on Cotton and other Commodities ________________________ _
Customers Liability on Letters of Credit and Acceptances____________
Profit and Loss____________________ Other Resources___________________ _

161,322.50
None 96,500.00
None 5,000.00 2,777.77
None
262,988.11
2,762.75 727.96 None
None
None None None

Total -----------------------------$ 532,079.69

LIABILITIES: Capital Stock_____________________ $ Capital Notes________ ------ ________ _ Surplus Fund ___________________ _
Undivided Profits _________________ _ Reserve Funds______________________
Due to Banks---------------------Dividends Unpaid ________________ _ Cashier's Checks __________________ _ Certified Checks________________ L __ _ 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 None
25,000.00 1,005.64 None None 223.50 183.15 None
425,586.11 44,881.29 None
None None None 10,200.00

Total _____________________________ $ 532,079.69

TWENTY-SECOND ANNUAL REPORT

67

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BRAND BANKING CO. Lawrenceville, Ga.

As called for by the Superintendent of Banks.

BARTOW MORGAN, JR., President-
Date of Charter: 6-2-1905

F. F. DOWIS,
Cashier. Began Business: 7-17-1905

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 CaosthheIrtemBsa_n_k_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ------------------------Advance on Cotton and other Com-
modities ________________________ _
Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss___________________ _ Other Resources____________________

231,618.96
66,65!.82 155,330.10
33,58!.39 None
3,024.00 24,217.00
306,579.96
:I\.,.one None None
None
None None None

Total -----------------------------$ 821,003.23

LIABILITillS : 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 ___________________

50,000.00 None
50,000.00 20,075.15
None None None 10.61 None 401,959.15 None 298,930.34
None None None 27.98

Total -----------------------------$ 821,003.23

STATEMENT Showing condition at the close of business December 31, 1941, of

BANK OF LENOX Lenox, Ga.

As called for by the Superintendent of Banks.

R. H. ROBINSON, President.
Date of Charter: 6-20-1907

R. H. ROBINSON, Cashier.
Began Business: 6-25-1907

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 ------------------------.\dvance on Cotton and other Com-
modities __.: ______________________ _
Customers Mabllity on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ Other Resources ____________________ _

87,133.88
None 4,500.00
None 650.00 250.00 None
232,290.81
2,969.92 None None
262.22
None None

LIABILITIES: Capital Stock_______________________ $ Capital Notes_______________________ Surplus Fund ____________________ _
Undivided Profits ________________ _ Reserve Funds ___________________ _ Due to Banks _____________________ _ Dividends t:npaid ________________ _ Cashier's Checks _________________ _ Certified Checks___________________ _ Demand Deposits ___________________ Time Certificates of Deposits ______ _ Savings Deposits____________________
Letters of Credit and Acceptances executed for Customers ___________ _
Bills Payable ________________________ _
Xoteg and Bill' Rediscounted_______ _ Other Liablllties ___________________ _

23,000.00 None
15,000.00 3,525.09 1,000.21 None 1,000.00
1~6.95
None 157,912.59 124,491.99
None
None None X one X one

68

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1941, of

FARMERS & MERCHANTS BANK Leslie, Ga.

As called for by the Superintendent of Banks.

W. T. ANDERSON, President.
Date of Charter: 12-19-1940

W. T. ANDERSON, Cashier.
Began Business: 1-2-1941

RESOURCES: Loans and Discounts _______________$
State of Georgia and Municipal Bonds
owned --------------------------Other Stocks and Bonds owned____ _ Other Real Estate 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 ____________________ _

36,728.2:>
None None None 2,000.00 1,000.00 None
166,393.39
None 161.65 None
None
None None None

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 None
5,000.00 4,515.59
None Kone 1,250.00 57.97 None 137,452.06 21,745.01 11,262.66
None None None None

Total -----------------------------$ 206,283.29

Total -----------------------------$ 206,283.29

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks.

JAMES H. BOYKIN, President.
Date of Charter: 9-26-1911

H. B. PITT, Cashier. Began Business: 12-2-1911

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds owned _______________ ----------
U. S. Government Securities owned__ Other Stocks and Bonds owned____ _ Bar.king 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 uther Com-
modities _________________________
Customei s Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss____________________ Other Resources____________________

110,821.56
3,988.40 61,335.66
None 1.00 1.00
151.00
132,844.63
7,500.00 59.78
237.82
27,148.24
None None None

Total -----------------------------$ 344,089.09

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 None
15,000.00 21,627.31
4,470.17 None 216.00 None None
179,138.64 3,134.90 95,502.07
None None None None

Total -----------------------------$ 344,089.09

TWENTY-SECOND ANNUAL REPORT

69

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE PEOPLES BANK Lithonia, Ga.

As called for by the Superintendent of Banks.

L M. STARR, SR., President.
Date of Charter: 8-26-1910

L M. STARR, SR., Cashier.
Began Business: 1910

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 C aosthh eIrt e mBsa_n_k_s___- _- _- _- _- _- _- _- _-_-_-_-_-_-_-_-_-_-_- -_
Overdrafts ___ ---- _----------------Advance on Cotton and other Com-
modities ________________________ _
Customers Liability on Letters of Credit and Acceptances____________
Profit and Loss____________________ Other Resources ___________________ _
Total _____________________________ $

29,329.13
None 75,494.82
None 3,500.00
None None
149,199.44
None None None
None
None None None
257,523.39

LIABILITIES: Capital Stock______________________$ Capital Notes_______________________
Surplus Fund --------------------Undivided Profits -----------------Reserve Funds______________________ Due to Banks ___________________.__ _
Dividends Unpaid ----------------Cashier's Checks ------------------Certified Checl<s____________________ _
Demand Deposits ------------------Time Certificates of Deposits ______ _ Savings Deposits ___________________
!.etters of Credit and Acceptances executed for Customers ____________ _
Bills Payable ______________________ _ Xotes and Bills Rediscounted________ Other Liabilities ___________________ _

25,000.00 None
20,000.00 4,303.75 None None 2,000.00 119.76 None
167,139.53 22,968.00 15,992.35
None None None None

Total _____________________________$ 257,523.39

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE FARMERS BANK Locust Grove, Ga.

J_ 0. MINTER,
President. Date of Charter:

As called for by the Superintendent of Banks.

1-3-1910

H. C. CHILDS, Cashier.
Began Business: 1-2-1910

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_ ____________ ll\trniture 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 tnd Acceptances____________
Profit nnd Loss____________________ Other Liabilities____________________

63,392.45
None 1,000.00
None 1,200.00
300.00 None
31,416.09
None None 90.80
3,089.15
None None None

Total -----------------------------$ 100,488.49

LIABILITIES : Capital Stock_______________________ $ Capital Notes______________________ _
Surplus Fund --------------------Undivided Profits -----------------lteserve 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 __________________ _

1o,OOO.OO None
7,000,00 91.14 None None 77.90 12.17 None
72,006.08 3,662.00 None
None None None 2,639.20

Total -----------------------------$ 100,488.49

70

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS STATE BANK Lumpkin, Ga.

As called for by the Superintendent of Banks.

A. T. FORT, President.
Date of Charter: 10-2-1911

E. E. HUMBER, Cashier.
Began Business: 12-1911

RESOURCES:

Loans and Discounts _________ --------$ 140,897.99

State of Georgia and Municipal Bonds owned __________________________ _

6,307.00

. U. S. Government Securities owned__

11,800.00

Other Stocks and Bonds owned_____

5,520.23

Banking House and Lot_ ___________ _ Furniture and Fixtures______________

X one 1.00

Other Real Estate owned__________

205.85

Cash in Vault and Amount due from approved Reserve Agents_________ _ 320,112.67

Checks for Clearing ard Due from other Banks ____________________ _
Cash Items __________________________ _ Overdrafts _______________________ _

21,4 26.67 X one 33.09

Advance on Cotton and other Commodities ________________________ _

I\one

Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss ___________________ _
Other Liabilities___________________ _

None None None

Total _____________________________ $ 506,304.50

LIABILITIES : Capital Stock__________________ -----$ Capital l\o(es_______________________ _
Surplus Fund --------------------Undivided Profits _________________ _ Reserve Funds_____________________ _ Due to Banl{s _____________________ _ Dividends Unpaid ________________ _ Cashier's Checks __________________ _ Certified Checks___________________ _ Vemand Deposits --------- ________ _ Time Certifieates of Deposits______ _ Saving:;; Deposits _________________ _
Letters of Credit and Acceptances executed for Customers___________ _
Bills Payable----------------------Xotcs and Bills Rediscounted________ _ Other Liabilities____________________ _

28,000.00 None
15,000.00 3,690.53
~one
X one 840.00 468.08 X one
37s,n:)2.:n
60,4:12.12 18,!121.40
:\one ::\one X one X one

Total -----------------------------$ 506,304.30

STATEMENT

Showing condition at the close of business December 31, 1941, of

LUTHERSVILLE BANKING COMPANY Luthersville, Ga.

As called for by the Superintendent of Banks.

N. F. CULPEPPER, President.
Date of Charter: 10-11-1905

L. W. McKOON, Cashier.
Began Business: 8-3-1906

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds owned __________________________ _
U. S. GIQvernment 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 -------------------
Total _____________________________ $

30,510.13
7,497.03 775.00 None
1,500.00 800.00
2,800.00
56,556.08
10,000.00 None 308.16
1,272.80
None None 8,822.97
120,842.17

LIABILITIES : Capital Stock_______________________$
Capital Xotes ---------------------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 None
1,373.06 None None None None 243.00 None
67,792.26 26,433.85
None
None None None None

Total -----------------------------$ 120,842.17

TWENTY-SECOND ANNUAL REPORT

7l

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE PEOPLES BANK OF LYONS Lyons, Ga.

As called for by the Superintendent of Banks.

WM. A. ESTROFF, President.
Date of Charter: 5-4-1935

W. T. CHINA, Cashier.
Began Business: 6-1-1935

HESOI;RCES ; Loans and Discounts _______________$ State of Georgia and Municipal Bonds
o\vned --------------------------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 -------------------OCvasehrdrIateftms s _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_--_
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss____________________ _
Other Resources ------------------
Total __ ---------------------------$

77,473.87
None 5,000.00 1,000.00 1,077.00
358.00 None
234,271.27
169.66 :X o n e :None
16,927.34
None
~one
350.00
336,627.14

LIABILITIES; Capital Stock_______________________$ Capital Notes_______________________
Surplus Fund --------------------l;ndivided Profits __________________
DReuseervtoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_ Dividends Unpaid _______________,___ _ Cashier's Checks _________________ _ Certified Checks __________________ _
Demand Deposits ------------------Time ~ertificates of Deposits______ _ Savings Deposits___________________ _
Letters of Credit and Acceptances executed for Customers____________
Bills Payable ---------------------Notes and Bills Rediscounted________ Other Liabilities __________________ _

15,000.00 None
8,000.00 228.01 270.00
10,000.00 None
5,652.54 None
241,825.05 55,651.54 None
None None None None

Total -----------------------------$ 336,627.14

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE MERCHANTS & CITIZENS BANK McRae, Ga.

As called for by the Superintendent of Banks.

W. S. MANN, President.
Date of Charter: 3-28-1929

D. M. McRAE, Cashier.
Began Business: 2-23-1929

RESOURCES: Loans and Discounts_ ________ -----$ State of Georgia and Municipal Bonds
O'\\'ned ________________________ _
e. S. Government Securities owned__
Other Stocks and Bonds owned____ _ Banking House and LoL---~-----.f'urniture 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 -------------------

182,973.89
15,700.00 46,475.00
None 1,674.00
None 1.00
297,874.87
None 96.66 23.49
116,558.28
None None 2,000.00

LIABILITIES ; Capital Stock_______________________ $
Capital ="otes ---------------------Surplus Fund ---------------------Undivided Profits -----------------RDeuseervtoe FBugnndkss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_ 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 None
35,000.00 1,460.07 3,000.00 None 284.00 1,344.63 None
500,015.87 29,735.47 41,483.27
None None None 1,053.88

Total _____________________________ $ 663,377.19 J. Total -----------------------------$ 663,377.19

72

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business Dec~mber 31, 1941, of

CITY BANK & TRUST CO. Macon, Ga.

As called for by the Superintendent of Banks.

T. RAD TURNER, President.
Date of Charter: 6-29-1931

GUYTON G. ABNEY, Cashier.
Began Business: 7-2-1931

RESOURCES: Loans and Discounts_______________ $ 1,236,038.99

State of Georgia and Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned __ 388,910.43

Other Stocks and Bonds owned _____ _ 21,377.62

Banking House and Lot__________ _ 35,450.00

Furniture and Fixtures_____________ _

4,929.36

Other Real Estate owned____________ 42,821.87

Cash in Vault and Amount due from

approved Reserve Agents__________ 822,270.95

Checks for Clearing and Due from

other Banks -------------------- 27,385.24

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

23.44

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

None

Advance on Cotton and other Com-

mor1ities -------------------------

None

Customers Liability on Letters of

Credit and Acceptances ___________ _ Profit and Loss ____________________
Other Resources __________________

None None 7,029.10

LIABILITIES: Capital Stock _____________________ $ 110,000.00

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

None

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

Undivided Profits ----------------~

83,658.43

RDeuseertvoe FBuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Dividends Unpaid __________________

17,693.23 21,136.26
1,345.34

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

5,608.14

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

1,113.13

Demand Deposits ------------------- 1,541,63:i.24 Savings Deposits __________________ 663,582.79

Time Certificates of Deposits-- ____ _ 90,464.44

Letters of Credit and Acceptances

execuCed for Customers___________ _

None

Bills Payable ---------------------:'olotes and Bills Rediscounted_______ _

None None

Other Liabilities___________________ _

None

Total -----------------------------$ 2,586,237.00

Total -----------------------------$ 2,5R6,237 .00

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF MADISON Madison, Ga.

As called for by the Superintendent of Banks.

F. C. NEWTON, President.
Date of Charter: 12-26-1888

E. G. ATKINSON, Cashier.
Began Business: 1-1-1890

RESOURCES: Loans and Discounts _______________ $
Stata 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 !.terns________________________ _
Overdrafts -----------------------Advance on Cotton and other ComPrmofoidt itiaensd --L-o-s-s-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_ Other Resources____________________

258,598.68
28,701.17 40,700.00 14,878.66
4,300.00 3,457.74 17,564.29
60,549.49
8,981.13 None
1,469.13
None None None

LIABILITIES: CCaappiittaall NSototecsk__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
Surplus l'und ---------------------Undivided Profits ----------------RDeuseervtoe FBuannkdss_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-__-_-_--_ 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 None
40,000.00 1,706.54 None None 724.50 820.7G X one
249,872.85 7,653.96
88,421.69
None
None None None

Total -----------------------------$ 439,200.29

Total ----------------------------- $ 439,200.29

TWENTY-SECOND ANNUAL REPORT

73

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks.

JAMES S. PETERS, President.
Date of Charter: 1-28-1910

L. M. BRADFORD, Cashier.
Began Business: 2-2-1910

RESOURCES: Loans and Discounts__ --------------$ State of Georgia and :VIunlcipal Bonds
owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned ____ _ Banldng House and I..ot_ __________ _ 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 ___________________ _
COavsehrdrIatfetms s _-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_
Advance on Cotton and other Com-
modities -----------------------Customers Liability on Letters of
Credit and Acceptances ____________ Profit and Loss ___________________ _ Other Resources __________________ _

430,144.73
120,173.98 3,300.00 None
12,510.91 13,608.26 14,249.40
378,428.45
None 104.62 814.79
26,855.14
None None 2,918.50

LIABILITIES :

Capital Capital

Stock 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 ---------------------Xotes and Bills Rediscounted _______ _ Other Liabilities __________________ _

50,000.00 None
125,000.00 21,043.91 None None 10.000.00 2,855.32 None
471,963.98 53,258.87
234,275.92
None None None 34,710.78

Total __ --- __ ---------------------$ 1,003,108. 78

Total ----------------------------$ 1,003,108.78

STATEMENT

Showing condition at the close of business December 31, 1941, of
COBB EXCHANGE BANK Marietta, Ga.

As called for by the Superintendent of Banks.

C. B. GOLSAN, President.
Date of Charter: 12-18-1906

W. C. PATTERSON, Cashier.
Began Business: 1-1-1907

RESOURCES: Loans and Discounts---------------$ State of Georgia and Municipal Bonds
owned --------------------------U. S. GoYernment Se.curities owned __ Other Stocks and Bonds owned ___ _ Banking House and Lot_ ___________ _ Furniture and Fixtures____________ _ Other Heal Estate owned __________ Cash in Yanlt 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 -------------------
Total _____________________________ $

247,159.35
18,136.21 None
5,886.55 None
9,267.06 1,000.00
91,570.65
2,427.55 None None
None
None None 311.20
375,758.57

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 __________________ _

50,000.00 14,100.00 10,000.00
2,504.03 600.00
5,000.00 177.00 978.59 None
171,438.53 82,469.23 38,491.19
None None None :Xone

Total _____________________________ $ 375,i58.57

74

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

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________________ $ 165,397.91

LIABILITIES: Capital Stock ---------------------$ 18,000.00

State of Georgia and Municipal Bonds

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

None

owned --------------------------U. S. Government Securities owned__

Kone 5,150.00

Surplus Fund -------------------Undivided Profits _________________ _

30,000.00 15,945.01

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_________ _

None 1,850.00
50.00 None
40,735.03

Reserve Funds --------------------Due to Banks______________________ Dividends Unpaid ________________ _
Cashier's Checks -----------------Certified Checks __________________ _
Demand Deposits ------------------

None None
585.00 195.00 None 92,257.24

Checks for Clearing and Due from other Banks ____________________
Cash Items_________________________ _ Overdrafts _________________________
Advance on Cotton and other Commodities ________________________ _

326.82 X one 178.45
Kone

Time Certificates of Deposits______ _
Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________ _ Bills Payable ______________________
Xotes and Bills Rediscounted_______ _

15,000.00
41,263.~9
:Xone None X one

Customers Liability on Letters of

Other Liabilities __________________ _

1,842.07

Credit and Acceptances ____________

X one

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

1\~one

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

1,400.00

Total __ ---------------------------$ 215,088.21

Total -----------------------------$ 215,088.21

STATEMENT

Showing condition at the close of business December 31, 1941, of
GEORGIA BANKING CO. Marshallville, Ga.

As called for by the Superintendent of Banks.

JOHN C. WALKER, JR., President.
Date of Charter: 9-19-1910

JOHN C. WALKER, JR., Cashier.
Began Business: 9-27-1910

RESOURCES: Loans and Discounts__ ------- _____$ State of Georgia and Municipal Bonds
owned ________________________ _
U. S. Government Securities owned __ Other Stocks and Bonds owned______ Banking House and LoL ___________ _ Furniture and Fixtures ___________ _ Other Real Estate owned _______ _ Cash in Vault and Amount due from
approved Reserve Agents__________ Checks for Clearing and Due from C aosthh eIrt e mBsa_n_k_s_ _ _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- -_
Overdrafts ___ ---------------------Advance on Cotton and other Com-
modities ________________________ _
Customers Liability on Letters of Credi::; and Acceptances ___________ _
Profit and Loss___________________ _ Other Resources____________________
Total ______ -----------------------$

56,346.22
X one X one None 2,200.00 1,600.00 5,812.39
25,736.41
434.00 None 26.86
None
None None None
92,155.88

LIABILITIES: Capital Stock ______________________$
Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits ________________ _
Reserve Fl 1ds --------------------Due to B nks______________________ Dividends. Unpaid _________________ _ Cashier's Jhecks ____________ -------Certified Jhecks ___________________ Demand .Deposits _________________ _
Time Certificates of Deposits_____
Savings Deposits ----------------Letters of Credit and Acceptances
executed for Customers___________ _
Bills Payable ---~-----------------1\otes and Bills Rediscounted_______ _ Other Liabilities __________________ _

25,000.00 None
6,000.00 6,750.77
None None None None None 19,346.33 10,000.00 25,058.78
None None None None

Total

-------------------------$ 92,155.88

TWENTY-SECOND ANNUAL REPORT

75

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF MEIGS Meigs, Ga.

As called for by the Superintendent of Banks.

J. A. BOWERS,
President.
Date of Charter: 5-8-1903

TOM SMITH, Cashier.
Began Business: 6-1903

RESOURCES: Loans and Discounts~~-~~~~~~~~~~~~~$ State of Georgia and Municipal Bonds
owned -------------------------U. S. G10vernment Securities owned __ Other Stocks and Bonds owned _____ _
Banking Rouse and LoL~~~~~~~~~~~ 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 ~~~~~~-~~~-~~~-~~-

115,290.64
10,000.00 25,898.25
None 1.00 1.00
3,1100.00
69,33:J.43
Xone X one
~one
20,000.00
None 201.65 482.39

Total ~-~~~~~-~~~~-~~~~-~-~--~~-~~~$ 244,710.36

LIABILITIES : Capital Stock -~~-~~~~~~~-~~~~~-~~~~$ Cavital Xotes ~~~~~~~-~~~~~~~~~~~~~~ Surplus Fund -~~~~~~~~~~~~~~~~-~~ Undivided Profits ~~~~~~~~~~~~~~~~ Reserve Funds ~~~~~~~~~~~~~~~~~~~~ Due to Banks______________________ _
Dividends Unvaid ~~~~~~~~~~~~~~~~~ Cashier's Checks ~~--~~~~~~~~-~~~~~~ Certified Checks -~~~~~~~~~-~~~~~~-~ Demand Deposits _________________
Time Certificates of Deposits~~~~Sarings Deposits __________________ _
Letters of Credit and Acceptances executed for Customers___________
Bills Payable ~~-~~-~~~--~~~-~~~~~~~ Xotes and Bills Hediscounted~~-~~~~ Other Liabilities ~-------------------

50,000.00 None
15,000.00 6,039.18 3,261.21 None 210.00 1,089.94 None 96,907.90 1:JO.OO 72,052.13
X one :"ione X one None

Total ~-~-~~--~~-~~~~-~~~~-~~~~-~~-$ 244,710.36

STATEMENT

Showing condition at the close of business December 31, 1941, of

METTER BANKING COMPANY Metter, Ga.

As called for by the Superintendent of Banks.

L.A. KENNARD, President.
Date of Charter: 7-25-1930

NITA BELLE BLAND, Cashier.
Began Business: 7-26-1930

RESOURCES: Loans and Discounts~~~~~~-~~~~~~~$ State of Georgia and Municipal Bonds
owned ~~~~-~~-~-~~~----~~-~~~~~~ U. S. Government Securities owned__ Other Stocks and Bonds owned~~~-~~ Ilanking Rouse 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~~~~-~-~~~~~~-~--~--

140,136.11
27,900.00 12,100.00
None :i'one 900.00 None
202,541.95
None :X one
.19
4,432.42
Kane None None

Total ~~ -~~~-~~~~~~~~--~-~-~~~~~~~~$ 388,010.67

LIABILITIES : Capital Stock -~~~-~--~~~~-~~~~~~~~- $ Capital Xotes -~-~~~~~~~~~~~~~~~~~~~
Surplus l~und --------------------Undivided Profits ~~~~~~~~~~~~~~~~~~
Heserve Funds ---------------------Due to Banks~~---~~~~~--~~-~-~~~~-~ Dividends Unpaid -~~~~~~~~-~~~-~~~ Cashier's Checks ~~~-~--~~~~~~~~~~~~ Certified Checks ~~~~~~~~~~~~~~~~~-~ Demand Deposits ~~-~~~~~~--~-~~~~ Time Certifieates of Deposits _______ _
Savings Deposits ~~~~-~~----~-~~~~~~ Letters of Credit and Acceptances
executed for Customers_________ _
Bills Payable _-~~~~~~~~---~~~~~~~~ Notes and Bills Rediscounted~~~-~-~~ Other Liabilities -~-~~-~~~--~~~~~~~~

25,000.00 None
12,000.00 4,537.80 2,000.00 None None 1,759.36 None
342,653.35 None
~one
None
~one
None 60.16

Total ~~ -~~-~~~~~~~---~--~~~~-~~~~~$ 388,010.67

76

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF MILAN Milan, Ga.

As called for by the Superintendent of Banks.

R. C. CHAMBERS, President.
Date of Charter: 12-5-1906

D. R. NEWTON, Cashier.
Began Business: 10-1906

RESOURCES: Loans and Discounts---------------$ State of Georgia and Municipal Bonds
owned _________________________ _
L. S. Government Securities owned __ Other Stocks and Bonds owned____ _ Banking House and Lot___________ _ ]'urniture 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 __ . _____________________ _
Admvoadnicteieson___C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss___________________ _ Other Resources __________________ _

61,836.25
16,788.69 52,279.34
None 3,943.60
387.00 720.00
39,943.86
None None None
9,542.45
~one
None X one

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

20,000.00 None
5,500.00 1,621.90 1,000.00
~one
None 422.03
None 105,078.33
51,818.93 None
None None None None

Total -----------------------------$ 185,441.19

Total -----------------------------$ 185,44Llij

STATEMENT

Showing condition at the close of business December 31, 1941, of
EXCHANGE BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

OTTO M. CONN, President.
Date of Charter: 5-20-1903

CHAS. J. CONN,
Cashier.
Began Business: 6-1-1903

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 Com-
modities __ ----------------------Customers Liability on Letters of
Credit and Acceptances __________ Profit and Loss___________________ _ Other Resources ___________________
Total _____________________________ $

444,066.52
79,299.98 37,987.75 23,332.50
None 2,289.87 24,256.09
240,599.41
7,218.02 73.81
321.49
27,228.59
None None 8,165.17
894,839.20

LIABILITIES :

Capital Stock ____________________$ 100,000.00

Capital Notes _____________________ _

None

Surplus Fund ---------------------Undivided Profits ________________ _ Reserve Funds ____________________ _ Due to Banks______________________
Dividends Unpaid _________________

75,000.00 10,665.69
None None 993.34

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

2,330.76

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

None

Demand Deposits _________________ 705,849.41

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 ---------------------------- $ 894,8!19.20

TWENTY-SECOND ANNUAL REPORT

77

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE MERCHANTS & FARMERS BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

MARION H. ALLEN, President.
Date of Charter: 3-22-1898

J. F. BELL, JR.,
Cashier. Began Business: 3-1898

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 Item3_________________________
Overdrafts -----------------------Advance on Cotton and other Com-
modities __ ----------------------Customers Liability on Letters of
Credit and Acceptances____________ Profit and Loss___________________ _ Other Resources ____________________

400,508.04
q,553.27 51,675.00
None 9,594.11 3,929.25 33,163.79
231,983.15
7,485.21 None 14.87
None
None None None

Total -----------------------------$ 749,906.69

LIABILITIES : Capital Stock -----------------------$ Capital Notes ______________________ Surplus Fund ______________________ Undivided Profits ________________ _
RDeuseervtoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Dividends Unpaid -----------------Cashier's Checks ------------------Certifieu 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 ___________________

80,000.00 None
80,000.00 9,785.20 9,037.63 None 504.00 6.884.31 None
563,695.55 None None
Non~
None None None

Total _____________________________ $ 749,906.69

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE MILLEDGEVILLE BANKING COMPANY Milledgeville, Ga.

As called for by the Superintendent of Banks.

E. E. BELL, President.
Date of Charter: 2-28-1874

MILLER R. BELL, Cashier.
Began Business: 10-13-1884

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 CaoshtheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Overdrafts ________________________ _
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss _____________________

554,745.22
36,123.01 285,775.48
29,226.80 1,261.91
1.00 14,159.34
842,273.71
12,955.57 None 219.94
None
None None

LIABILITIES : Capital Stock ______________________ $ Capital Notes __________________ ____ Surplus Fund ______________________ Undivided Profits _________________

50,000.00 None
100,000.00 145,038.97

Reserve Funds -------------------Due to Banks______________________ Dividends Unpaid __________________

23,500.00 None
574.00

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

1,892.80

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

None

Demand Deposits ------------------ 1,455,736.21

Time Certificates of Deposits________

None

Letters of Credit and Acceptances executed for Customers_________ _
Bills Payable --------------------Other Liabilities __________________ _

None None None

Total -----------------------------$ 1,776,741.98

Total _____________________________ $ 1,776,741.98

78

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF MILLEN Millen, Ga.

As called for by the Superintendent of Banks.

W. M. CORBETT, President.
Date of Charter: 1-4-1893

W. H. SHEPPARD, JR., Cashier.
Began Business: 3-1-1893

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_ ____________ }~urniture and Fixtures ____________ _ Other Real Estate owned __________ _
Cash in Vault and Amount due from approved Reserve Agents________
Checks for Clearing and Due from other B8nks ___________________ _
Cash Items________________________ _ Overdrafts ________________________ _
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances ___________ _
Profit and Loss ____________________ _ Other Resources __________________ _

323,394.71
3,000.00 33,900.00
3,000.00 8,000.00 4,000.00
None
404,762.41
l\one None None
None
None None None

LIABILITIES ; Capital Stock ______________________ $
Capital Notes ---------------------Surplus Fund __ -------------------Undivided Profits _________________
Reserve Funds -------------------Dnc 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 None
50,000.00 23,756.88
None None None 1,274.08 l\one 516,422.83 None 138,603.33
None None None None

Total ---------------------------- $ 780,0:57.12

Total

------------------- $ 780,057.12

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF MOLENA Molena, Ga.

As called for by the Superintendent of Banks.

W. 0. JORDAN, President.
Date of Charter: 10-7-1901

R. H. FLETCHER, Cashier.
Began Business: 3-1899

RESOURCES; , Loans and Discounts_______________$
State of Georgia and Municipal Bonds owned ---------------------------
U. S. Government Securities owsed__ 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 ___________________
Total ____________________________ $

37,175.82
None 2,650.00
X one 1,425.00 1,225.00 3,573.20
22,i'i03.6!
197.82 40.00 3.18
10,776.33
X one None None
79,569.99

LIABILITIES ; Capital Stock ----------------------$ CSuarppitlauls lF'\uotneds -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Undivided Profits ________________ _
Reserve Funds -------------------Due to Banl<S _____________________ _ 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
1,000.00 1,586.23
None None None 113.25 None 27,705.96 30,459.66 3,704.89
~one
None None None

Total _____________________________$ 79.569.99

TWENTY-SECOND ANNUAL REPORT

79

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE FARMERS BANK Monroe, Ga.

As called for by the Superintendent of Banks.

C. R BRADFORD,
PresidentDate of Charter: 12-2-1905

C. R. BRADFORD, Cashier.
Began Business: l-1-1906

RESOURCES: Loans and Discounts_______________ $
State of Georgia and Municipal Bonds
O\\Tned -------------------------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 apprm-ed ReserYe 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 ___________________

344,631.37
69,136.03 152,873.7:i
12,97 3.00 None
5,792.00 6,790.00
367,936.00
);one :None None
X one
None None 7,786.00

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 Accevtances executed for Customers
Bills Payable ---------------------Xotes and Bills Rediscounted _____ _ Other Liabilities _________________ _

100,000.00 None
30,000.00 26,388.69
None None None 2,615.41 None 798,236.75 None 210,699.50
X one X one None X one

1'otal ___ -------------------------$ 1,167.940.35

Total _____________________ _

$ 1,167 ,940.3:i

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

STATEMENT

Showing condition at the close of business December 31, 1941, of

MOULTRIE BANKING COMPANY Moultrie, Ga.

As called for by the Superintendent of Banks.

W. C. VEREEN, President.
Date of Charter: 7-8-1896

M. L. LEE, Cashier. Began Business: 1896

RESOURCES: Loans and Discounts_______________ $ 1,905,268.34

State of Georgia and Municipal Bonds

owned -------------------------- 68,883.20

U. S. Government Securities owned __

59,500.00

Other Stocks and Bonds owned______ 34,794.44

Banking House and Lot_ _________ _ 54 236 27

Furniture and Fixtures ______________ _

6:345:40

Other Real Estate owned__________ _

3,298.86

Cash in Vault and Amount due from

approved Reserve Agents_________ _ 1,029,829.06

Checks for Clearing and Due from other Banks ___________________ _
Cash Items ________________________ _

205,302.24 None

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

273.28

Advance on Cotton and other Commodities ________________________ _ 186,300.00

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss___________________ _

None None

Other Resources _________________ _

1, 700.00

Total _____________________________ $ 3,!)!'i5.731.09

LIABILITIES:

Capital Stock ----------------------$ 200,000.00

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

None

Surplus Fund ---------------------- 200,000.00

Undivided Profits ----------------- 228,631.18 Reserve Funds -------- ____________ _ 23,000.00

Due to Banks -------------------- 133,795.55

Dividends unpaid -----------------Cashier's Checks __________________ _ Certified Checks __________________ _

30,000.00 13,112.15
None

Demand Deposits -------------------- 1, 793,111.04

Time Certificates of Deposits ______ _ 571,438.60

Savings Deposits __________________ _ 358,887.57

Letters of Credit and Acceptances

executed for Customers___________ _ Bills Payable _____________________ _

None );one

Notes and Bills Rediscounted ______ _ Other Liabilities __________________ _

None :3,755.00

Total ------------------------ ____ $ 3,555.731.09

80

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE MOUNT VERNON BANK Mount Vernon, Ga.

As called for by the Superintendent of Banks.

D. A. McRAE, SR., President.
Date of Charter: 12-21-1900

J. P. PETERSON,
Cashier. Began Business: 1-24-1901

RESOURCES: Loans and Discounts_________________ $
State of Georgia and Municipal Bonds
owned -------------------------U. S. G-overnment 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 ___________________

86,036.72
10,500.00 51,090.00
None 1,684.48 1,720.93
None
138,451.98
None
~one
23.81
None
None None None

Total _____________________________ $ 289,507.92

LIABILITIES : Capital Stock ----------------------$ Certified Checks ------------------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 ---------------------Xotes and Bills Rediscounted______ _
Other Liabilities -------------------

l:i,OOO.OO None
45,000.00 7,676.99 1,773.13 1,451.52 1,500.00 2,889.86 None
147,390.63 50,665.88 16,159.91
X one None None None

Total

289,507.92

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE UNITED BANKING CO. Nashville, Ga.

As called for by the Superintendent of Banks.

Date of Charter: 7-10-1924

0. B. WILLIAMS, Acting Cashier. Began Business: 7-15-1924

RESOURCES:

Loans and Discounts__________ --- $ 161,898.01

State of Georgia and Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned __

23,600.00

Other Stocks and Bonds owned _______ _

None

Banking House and Lot____________ _ Furniture and Fixtures_____________ _

2,672.00 1,824.00

Other Real Estate owned___________ _

None

Cash in Vault and Amount due from

approved Reserve Agents_________ _ 370,781.30

Checks for Clearing and Due from other Banks _____________________
Cash. Items_________________________

2,184.80 None

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

None

Advance on Cotton and other Commodities ________________________ _

None

Customers Liability on Letters of

Credit and Acceptances ___________ Profit and Loss____________________

None None

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

None

Total _____________________________ $ 562,960.11

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

35,000.00 None
35,000.00 11,531.55
X one None 2,800.00 1,474.50 :None 306,489.95 170,664.11 None
None None None X one

Total _____________________________ $ 562,960.11

TWENTY-SECOND ANNUAL REPORT

81

STATEMENT

Showing condition at the close it business December 31, 1941, of

BANK OF NEWINGTON Newington, Ga.

As called for by the Superintendent of Banks.

W. L. BRANTLEY, President.
Date of Charter: 7-7-1919

ADIEL E. HODGES, Cashier.
Began Business: 8-14-1919

RESOURCES: Loans and Discounts_______________ $ State of Georgia and :VIunicipal 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 J,etters of
Credit and Acceptances ___________ _ 'Profit and Loss___________________ _
Other Resources __________________ _

Total

-- -- ------$

16,486.86
None
~one
None 1,450.00
700.00 1,150.00
25,480.82
None None None
None
X one None None
45,267.68

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 None
1,418.43 None None None
363.38 None
26,985.35 1,487.92 12.60
None None None None

Total

-----------$ 45,267.68

STATEMENT
Showing condition at the close of business December 31, 1941, of
BAKER COUNTY BANK Newton, Ga.

J. C. ODOM, President.
Date of Charter:

As called for by the Superintendent of Banks.

10-4-1906

H. EUGENE HALL, Cashier.
Began Business: 10-14-1906

RESOURCES: Loans and Discounts __ --------------$ State of Georgia and Municipal Bonds
owned ___________________________ _
L. 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 en Cotton and other Com-
modities _-----------------------Customers Liability on Letters of
Credit and Acceptances ___________ _ Profit and Loss____________________ _
Other Resources --------------------
Total _____________________________ $

88,570.44
X one 8,400.00
None 2,400.00
600.00 None
104,409.52
130.00 None X one
X one
None None None
204,509.96

LIABILITIES: Capital Stock ______________________ $ Capital Notes ______________________ Surplus Fund _____________________ l:ndivided Profits _________________ _ Reserve Funds _____________________
Hue to Banks-----------------------Dividends Vnpaid ______________ :___ __ _ Cashier's Checks _________________ _
Certified Checks ------------------Demand Deposits __________________ _ 11ime Certificates of Deposits ______ _ Sa\-ings Deposits _________________ _
Letters of Credit and Acceptances executed for Customers___________ _
Bills Payable ---------------------Notes and Bills Rediscounted_______ _ Other Liabilities -------------------

25,000.00 None
25,000.00 8,837.08 None None 2,000.00 1,194.38 None
138,852.10 3,626.40 None
None None None X one

Total _____________________________ $ 204,509.96

82

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF NORCROSS Norcross, Ga.

As called for by the Superintendent of Banks.

T. E. JOHNSON, President.
Date of Charter: 12-12-1903

J. S. NESBIT, Cashier.
Began Business: 2-1-1904

RESOURCES: Loans and Discounts________________$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL____________ Furniture and Fixtures _____________ _ Other Real Estate owned___________ _ Cash In Vault and Amount due from
approved Reserve Agents_________ _ Checks for Clearing and Due from CaosthheIrtemBasn__k_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_--_
Overdrafts ___ ---------------------Advance on Cotton and other Com-
modities ----------------- ------Customers Liability e>n Letters of
Credit and Acceptances __________ _ Profit and Loss____________________ _
Other Resources --------------------
~otal -----------------------------$

69,959.96
None 15,649.00
None 4,500.00 1,000.00
912.50
125,829.37
None None None
58,471.70
None None None
276,322.53

LIABILITIES: Capital Stock______________________$
Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits ----------------RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--_
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 -------------------

30,000.00 None
6,000.00 10,275.28
None None None None None 222,860.16 None 7,187.09
None None None None

Total _____________________________ $ 276,322.53

STATEMENT
Showing condition at the close of business December 31, 1941, of
BANK OF OCHLOCHNEE Ochlochnee, Ga.

As called for by the Superintendent of Banks.

W. H. WURST, President.
Date of Charter: 10-19-1906

A. E. SPEER, Cashier.
Began Business: 11-1-1906

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 ltems _____ -------------------Overdrafts ___ ---------------------Admvoadnicteieson_ C_o_t_to_n___a_n_d___O_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss____________________ _
Other Resources --------------------
Total __ --------------------------$

70,781.62
None 1,500.00
424.03 1,550.00 1,050.00
None
41,848.58
None None None
15,546.75
None None None
132,700.98

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

16,000.00 4,000.00 2,000.00 1,243.23
None 1,000.00
None 100.00
None 72,239.00 26,145.50
9,223.25
None None None
7.50

Total _________ -------------------- 132,700.98

TWENTY-SECOND ANNUAL REPORT

83

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks.

T. H. MORGAN, President.
Date of Charter: 2-1-1901

W. E. WILBURN, Cashier.
Began Business: 2-8-1901

RESOURCES: Loans 'nd Discounts _____ ~---- _____ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned ____ _ Banhi.ng 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 CaosthheIrteBmasn_k_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Overdrafts __ ---------------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances_________ _ Profit and Loss____________________ _
Other Resources --------------------
Total _____________________________ $

80,612.34
5,000~00
54,600.00 1.00
1,500.00 None
13,169.49
122,199.67
None None 1.98
22,267.34
None None
299,351.82

LIABILITIES: Capital Stock ______________________ $
Capital Notes ---------------------Surplus Fund ____ -----------------RUensdeirvviededFuPnrdosfit_s__-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_ 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 Liab!llties ---------------~----

15,000.00 None
10,000.00 5,051.05 1,979.46 None 16.00 335.16 None
235,790.32 31,179.83
None
None None None None

Total

299,351.82

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS BANK Palmetto, Ga.

As called for by the Superintendent of Banks.

J. H. BALLARD, President.
Date of Charter: 6-29-1918

B. HUDSON, Cashier.
Began Business: 7-10-1918

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 CaoshtheIrteBmasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Overdrafts ________________________
Advance on Cotton and other Commodities -------~~----------------
Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss___________________ _
Other Resources --------------------

Total

-- --~-------------------- $

73,751.96
2,000.00 4,800.00
None 4,750.00 1,350.00 8,265.40
67,881.39
None None None
None
None None None
162,798.73

LIABILITIES: Capital Stock_______________________ $
Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits ----------------DReuseertvoe BFaunnkdss___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Dividends Unpaid _________________ _
Cashier's Checks ------------------DCeermtiafniedd DCehpeocskists -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Time Certificates of Deposits______ _ Savings Deposits __________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Payable ---------------------Notes and Bills Rediscounted_______ _ Other Liablllties -------------------

25,000.00 None None
5,008.70 None None None 49.38 None
S3,379.56 49,361.11
None
None None None None

Total ____ ------------------------ $ 162.798.75

84

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE PATIERSON BANK Patterson, Ga.

As called for by the Superintendent of Banks.

ROMA THOMAS, President.
Date of Charter: 6-19-1907

AGNES M. THOMAS,
Cashier. Began Business: 6-19-1907

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds
O\Vned --------------------------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 C aosthh eIrt e mB as n__k_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Overdrafts ------------------------Advance on Cotton and other Com-
thodities _------------------------Customers Liability on Letters of
Credit and Acceptances____________ Profit and Loss ____________________ _ Other Resources __________________ _
Total _____________________________ $

35,993.91
X one 9,000.00
None 2,150.00
775.00 :None
89,751.67
X one Kane None
Kone
None None 144.50
137,817.08

LIABILITIES: Capital Stock_______________________$
Capital Notes ---------------------Surplus Fund --------------------Fndivided Profits -----------------Res:rYe Funds --------------------Vue to Ban1\s _---------------------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
5,000.00 3,759.40
None None 40.00 151.73 -None 92,908.12 20,957.83 None
None None None None

Total _____________________________$ 137,817.08

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS BANK Pelham, Ga.

F. D. HOLLIS, President.
Date of Charter:

As called for by the Superintendent of Banks.

8-25-1902

J. R. PAYNE,
Cashier. Began Business: 9-1-1902

LIABILITIES: Loans and Discounts _____________ $ Staotweneodf G_eo__rg_i_a__a_n_d__M__u_n_i_c_ip__a_l _B__o_n_d_s
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 C aos ht h eIrt e mBsa_n_k_s_ _ _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_- -_
Overdrafts -----------------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss____________________ _ Other Resources ___________________ _
Total -----------------------------$

286,486.10
9,372.84 18,800.00 4,100.00
3,485.77 2,966.11 7,907.93
247,689.00
~one
None None
None
None
None None
580,807.75

Capital

Stoc

LIABILITIES: k _______________________

$

Capital Notes ______________________

Surplus Fund ---------------------T;ndivided Profits ________________ _

DReuseertvoe BFaunnkdss__-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ _

Cashier's Checks -----------------Certified Checks ------------------Demand Deposits _________________ _
Time Certificates of Deposits _______ Savings Deposits __________________ _

Letters of Credit and Acceptances executed for Cutomers __________ _
Bills Payable _____________________ _

Notes and Bills Rediscounted_______ _ Other Liabilities ___________________

100,00.00 None
39,000.00 4,989.73 None None None 2,032.93 None
326,780.55 108,004.54
None
None None None None

Total -----------------------------$ 580,807.7 5

TWENTY-SECOND ANNUAL REPORT

85

STATEMENT

Showing condition at the close of business December 31, 1941, of

PELHAM BANKING COMPANY Pelham, Ga.

As called for by the Superintendent of Banks.

W. C. COOPER, President.
Date of Charter: 12-4-1936

MRS. RUSSELL DASHER, Cashier.
Began Business: 12-8-1936

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 --------------------
Total ----------------------------$

154,176.40
1,980.00 25,525.00
None 10,219.01
2,149.15 1,175.25
193,138.27
308.76 1,148.84
1.95
None
None None None
389,822.63

LIABILITIES: Capital Stock _______________________ $
CSuaprpitlauls NFoutneds -_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_ 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___________ B!lls Payable ---------------------Notes and Bills Rediscounted________ Other Liabilities ___________________

25,000.00 None
5,000.00 8,304.79 11,000.00
None 367.51 5,666.12
None 178,539.75
27,352.59 128,581.71
None None None 10.16

Total _____________________________ $ 389,822.63

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE PEMBROKE STATE BANK Pembroke, Ga.

As called for by the Superintendent of Banks.

D. B. WARNELL, President.
Date of Charter: 12-29-1937

C. L. GRUVER, Cashier.
Began Business: 2-11-1938

RESOURCES: Loans and Discounts _______ -------- $ State of Georgia and Municipal Bonds
owned -------------------------U. S. Goovernment Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and Lot_ ___________ _ J!,urniture 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 -------------------

187,991.85
22,230.86 21,050.00
None 2,730.00
870.00 ::\one
70,176.62
500.00 None 534.63
None
None None 1,529.73

Total ------------------------------$ 307,613.69

LIABILITIES Capital Stock----------------------$ Capital Notes _____________________ _ Surplus Fund _____________________ T3ndivided 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 None
18,000.00 122.57 950.00 None 198.00
3,527.41 None
197,004.94 55,017.06 3,081.25
None None None 4,712.46

Total __ - _____________________ $ 307,613.69

86

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the clo~e of business December 31, 1941, of
PERRY LOAN & SAVINGS BANK Perry, Ga.

As called for by the Superintendent of Banks.

R. L. CATER, President.
Date of Charter: 8-20-1889

W. V. TUGGLE, Cashier.
Began Business: 1889

RESOURCES: Loans and Discounts ____________ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL___________ _ 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 -------------------
Total _____________________________ $

180,498.42
None 50,000.00
None 5,000.00
1.00 2.00
294,847.40
4,890.43 None 42.50
6,222.95
None None None
541.504.70

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

2.3,000.00 None
27,500.00 22,484.72
None None 522.00 678.48 None 418,901.95 18,200.00 28,133.25
None None None 84.30

Total -----------------------------$ 541,504.70

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF PINEHURST Pinehurst, Ga.

As called for by the Superintendent of Banks.

W. F. SCARBOROUGH, President.
Date of Charter: 11-1908

F. M. WILSON, Cashier.
Began Business: 11-1904

RESOURCES:

Loans and Discounts

____ $

State of Georgia and Municipal Bonds

owned ---------------------------

U. S. Government Securities owned__

Other Stocks and Bonds owned ___ _

Banking House and LoL_________ _

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

Total _____________________________$

73,700.99
None None 2,500.00 1,500.00 2,400.00 1,500.00
75,523.36
189.14 None None
55,413.85
None None None
212,727.34

LIABILITIES : Capital Stock______________________ $
Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits -----------------RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_ 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 386.43 None None 877.19 None 85,456.39 81,150.00 4,857.33
None None None None

Total -----------------------------$ 212,727.34

TWENTY-SECOND ANNUAL REPORT

87

STATEMENT

Showing condition at the close of business DeceiDber 31, 1941, of
PITTS BANKING COMPANY Pitts, Ga.

As called for by the Superintendent of Banks.

A. C. SHELL, President.
Date of Charter: 6-2-1906

A. C. SHELL, JR.,
Cashier. Began Business: 6-1906

RESOURCES: Loans and Discounts________________ $ State of Georgia and Municipal Bonds
owned -------------------------U. S. G<overnment Securities owned.. Other Stocks and Bonds owned___ _ Banking House and LoL__________ _ 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 -------------------
Total _______ ----------------------$

25,697.34
1,500.00 40,400.00
None 300.00 600.00 5,400.00
152,203.02
None None None
6,901.67
None None None
233,002.03

LIABILITIES: Capital Stock ---------------------$ Capital Notes --------------------Surplus Fund --------------------Undivided Profits ----------------RDeuseervtoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_--_
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 None
5,000.00 1,761.43
None None None 634.73 None 179,784.49 20,821.38 None
None None None None

Total ------------------------------$ 233,002.03

STATEMENT

Showing condition at the close of business DeceiDber 31, 1941, of
THE BANK OF QUITMAN QuitiDan, Ga.

As called for by the Superintendent of Banks.

SAM'L. S. ROUNTREE,
President. Date of Charter: 12-26-1888

H. W. STUBBS, Cashier.
Began Business: 12-28-1888

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 nd 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 -------------------

118,709.37
None 31,200.00 36,679.50
5,690.21 807.89
5,718.11
671,239.09
4,110.73 None None
8,464.44
None None None

Total -----------------------------$ 882,619.40

Capital

LIABILITIES: 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 Liablllt!es -------------------

50,000.00 None
50,000.00 7,441.71 18,614.12 4,786.71 2,000.00
987.85 16.32
591,288.33 None
157,478.30
None None None None

Total -----------------------------$ 882,619.40

88

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE TATTNALL BANK Reidsville, Ga.

As called for by the Superintendent of Banks.

W. E. SMITH, JR., President.
Date of Charter: 9-14-1900

W. E. SMITH, JR., Cashier.
Began Business: 10-22-1900

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 ------------------------A dmv aondci tei e so n__C__o_t_t o_n___a_n_d___o_t h_e_r___C_o_m_ -_
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss ____________________ _
Other Resources -------------------
Total _____________________________$

99,174.70
None 19,150.00
None 3,429.50 1,458.00 1,936. 77
352,090.64
None None 55.81
None
None None None
477,295.42

LIABILITIES: Capital Stock ______________________$ Capital Notes ____________________ _ Surplus Fund ____________________
L"ndivided Profits ----------------DRue see rtov e BFaunnkds _s __-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_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 None
11,500.00 2,897.42 None None None 854.28 None
371,268.04 36,644.50 29,131.18
None None None None

Total -----------------------------$ 477,295.42

STATEMENT

Showing condition at the close of business December 31, 1941, of

RENTZ BANKING COMPANY Rentz, Ga.

As called for by the Superintendent of Banks.

0. D. BARRON, President.
Date of Charter: 5-2-1914

THERON WOODARD, Cashier.
Began Business: 5-5-1914

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 Re.sources ------------------

86,188.81
None 800.00 3,000.00 500.00
X one 10.00
34,623.68
585.57 4.60 55.16
15,403.43
None None 137.10

Total -----------------------------$ 141,308.35

LIABILITIES: CCaappiittaall SNtoocteks --_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
Surplus Fund --------------------Undivided Profits __________________
DRueseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_ 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
5,000.00 4,924.40 2,677.50
None None None None 103,778.95 5,050.00 None
None None None 4,877.50

Total ---------------------------- $ 141,308.35

TWENTY-SECOND ANNUAL REPORT

89

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE CITIZENS STATE BANK Reynolds, Ga.

As called for by the Superintendent of Banks.

W. J, BUTLER, President.
Date of Charter: 9-8-1922

R. L. BELL, Cashier. Began Business: 9-8-1922

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

189,974.29
None 7,300.00
None 7,000.00 2,418.53
525.00
36,671.77
None None None
18,886.16
None None None

Total -----------------------------$ 262,775.75

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 None
10,000.00 5,486.81 4,587.10 None 1,250.00 281.29 None
127,141.11 23,211.65 65,817.79
None None None None

'l'otal

---------------------------$ 262,775.75

STATEMENT

Showing condition at the close of business December 31, 1941, of

RICHLAND BANKING COMPANY Richland, Ga.

As called for by the Superintendent of Banks.

E. W. PARISH, President.
Date of Charter: 10-13-1927

WILLIS STRICKLAND, Cashier.
Began Business: 10-15-1927

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 -------------------
Total _____________________________$

109,244.29
3,665.05 20,800.00
None 3,975.00 1,035.00
None
248,917.11
74.85 25.00 None
None
None None None
387,736.30

LIABILITIES: Capital Stock --------------------$ Capital Notes --------------------Surplus Fund -------------------Undivided Profits -----------------RDeuseertvoe FBuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_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 -------------------

40,000.00 None
10,000.00 2,711.94 None
98,051.70 300.00
1,194.60 None
169,005.15 . 5,000.00 61,472.91
None None None None

Total -----------------------------$ 387,736.30

90

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF RINGGOLD Ringgold, Ga.

As called for by the Superintendent of Banks.

M. W. MURPHY, President.
Date of Charter: 8-24-1904

J. COLTON WEEKS,
Cashier. Began Business: 8-1904

RESOURCES: Loans and Discounts...--------------$ State of Georgia and Municipal Bonds
owned -------------------------U. S. Government Securities owned.. Other Stoci<S 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 ___________________

231,554.38
16,350.00 34,322.95
None 14,098.80
8,930.68 5,332,12
102,593.81
125.15 5.00
14.66
5,366.40
None None None

LIABILITIES: Capital Stock______________________ $
Capital Notes --------------------Surplus Fund --------------------Undivided Profits ----------------DReuseervtoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_
Dividends Unpaid -----------------Cashier's Checks -----------------Certified Checks ------------------Demand Deposits -----------------Time Certificates of Deposits________
Savings Deposits ------------------Letters of Credit and Acceptancea
executed for Customers___________
Bills Payable ---------------------Notes and Bills Rediscounted------~ Other Liabilities -------------------

25,000.00 None
10,000.00 1,160.38 1,225.00 None 545.00 353.50 None
209,193.82 35,000.00 123,911.83
None 10,000.00
None 1,105.02

Total -----------------------------$ 418,754.55

Total -----------------------------$ 418,154.55

STATEMENT

Showing condition at the close of business December 31, 1941, of

CRAWFORD COUNTY BANK Roberta, Ga.

As called for by the Superintendent of Banks.

C. R. AVERA, President.
Date of Charter: 1-7-1901

F. E. BENTLEY, Cashier.
Began Business: 1-8-1901

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 --------------------
COavsehrdrIatefmtss -_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities ____ . -------------------
Customers Liability on Letters of Credit and Acceptances_________ _
Profit and Loss____________________
Other Resources -------------------

51,917.43
6,000.00 32,000.00
1,000.00 1,200.00
600.00 6,665.00
69,120.41
10,000.00 None 155.47
2,136.45
None None None

Total -----------------------------$ 180,854.16

LIABILITIES: Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund -------------------Undivided Profits -----------------RDeuseertvoe FBuanndkss_-_-__-_-_-_-_--._-_-_-_-_-_-_-_-_-_-__-_--_
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
4,500.00 58.55 None None None
338.75 None 126,168.59 34,188.81 None
None None None None

Total ________ ---------------------$ 180,854.16

TWENTY-SECOND ANNUAL REPORT

9l

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE ROCKMART BANK Rockmart, Ga.

As called for by the Superintendent of Banks.

H. P. FAMBRO, President.
Date of Charter: 10-30-1900

M.A. PERRY, Cashier.
Began Business: 10-30-1900

RESOURCES: Loans and Discounts _______________ $
State of Georgia and Municipal Bonds owned --------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned___ _ Banking House and LoL_________ _ 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 -----------~-------

295,326.25
9,051.00 218,169.50
None 7,750.00 3,400.00
None
307,271.95
None None 80.49
None
None None None

Total -----------------------------$ 841.049.19

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

36,000.00 None
7,500.00 19,401.99
None None 3,600.00 1,655.00 None 533,752.61 None 239;139.59
None None None None

Total -----------------------------$ 841.049.19

STATEMENT
Showing condition at the close of business December 31, 1941, of
ROSWELL BANK Roswell, Ga.

As called for by the Superintendent of Banks.

J. H. FOSTER,
President. Date of Charter: 3-11-1901

C. G. WEBB, Cashier.
Began Business: 3-1901

RESOURCES: Loans and Discounts _________ $
State of Georgia and Municipal Bonds owned ___________ ---------------
U. s. Government Securities owned__
Other Stocks and Bonds owned_____ _ Banking House and LoL___________ _
Furniture and Fixtur&S----------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 -------------------

324,303.14
19,175.00 37,100.00
500.00 None
1,305.93 None
279,225.09
None None 132.88
14,657.81
None None None

Total -----------------------------$ 676,399.85

LIABILITIES : Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund ---------------------Undivided Profits ----------------RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Dividends Unpaid -----------------Cashier's Checks -----------------CDeermtiafinedd DCehpeocskists --_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_
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 None
25,000.00 18,386.31 5,000.00
None None 834.98 None 467,880.30 134,298.26 None
None None None None

Total -----------------------------$ 676,399.85

92

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
TRI-COUNTY BANK OF ROYSTON Royston, Ga.

As called for by the Superintendent of Banks.

HOKE McCONNELL, President.
Date of Charter: 8-9-1941

L. M_ TURNER, Cashier_
Began Business: 9-1-1941

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 ------------------------Admvoandciteieson__C__o_t_to_n___a_n_d___o_th__e_r __C_o_m_-_
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _
Other Resources -------------------
Total -----------------------------$

85,629.54
None 5,392-09
None 5,000.00 1,300.00
None
139,915.74
None None 33.29
None
None None None
237,270.66

LIABILITIES: Capital Stock --------------------$ Capital Notes --------------------Surplus Fund --------------------Undivided Profits ----------------RDeuseertvoe FBuanndkss_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
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 None
5,000.00 95.96 None None None
1,079.64 None
206,095.06 None None
None None None None

Total -----------------------------$ 237,270.66

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF RUTLEDGE Rutledge, Ga.

As called for by the Superintendent of Banks.

R. W_ WALLACE, President.
Date of Charter: 9-24-1898

W. T. ROBERTS, Cashier.
Began Business 10-1-1898

RESOURCES: Loans and Discounts__ --------------$ State of Georgia and :.\iunicipal 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 -------------------

121,677.00
12,743.24 1,300.00 2,900.00
839.58 278.00 3,710.90
32,257.00
None 73.45 None
34,920.72
None None None

Total ------------------------------ 210,699.89

LIABILITIES: Capital Stock _______ --------------$ Capital Notes ____________________ _
Surplus Fund --------------------Undivided Profits _________________ _
RDeuseervtoe BFaunnkdss__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--_
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 8,500.00 3,980.79
820.00 None None
526.31 None 101,010.02 41,903.30 23,959.47
None None None None

Total ------------------------------ 210,699.89

TWENTY-SECOND ANNUAL REPORT

93

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF SASSER Sasser, Ga.

As called for by the Superintendent of Banks.

T_ K MILLER, President_
Date of Charter: 1-15-1905

D_ D. HILL, Cashier_ Began Business: 3-1905

RESOURCES: Loans and Discounts______________ $ State of Georgia and Municipal Bonds
owned __________________________ _
U. S. G<Overnment Securities owned __ Other Stocks and Bonds owned ___ _ Banking Honse 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 -------------------

Total

--------- __________ $

--------

105,7 41.03
10,000.00 13,000.00
None 1,400.00 1,400.00
None
73,902.50
1,532.34 None None
None
None None None
206,975.87

RESOURCES: 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 ---------------------1\otes and Bills Rediscounted ______ _ Other Liabilities __________________ _

25,000.00 None
32,500.00 5,161.24 X one None 320.00 None None
139,642."05 4,352.58 None
None None None None

Total _________ ------------------ 206,975.87

STATEMENT

Showing condition at the close of business December 31, 1941, of

ATLANTIC SAVINGS AND TRUST COMPANY Savannah, Ga.

As called for by the Superintendent of Banks.

JAMES K CAROLAN, President.
Date of Charter: 11-6-1933

WM. H. WHITEHEAD,
Cashier. Began Business: 11-6-1933

RESOURCES: Loans and Discounts________________$ 1,121,720.15

State of Georgia and Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned.... 26,058.01

Other Stocks and Bonds owned ___ _

None

Banking House and LoL ...... ______ _ 36,700.00

Furniture and Fixtures___________ _

6,046.63

Other Real Estate owned ___________ _ 10,080.95

Cash in Vault and .Amount due from

approved Reserve Agents _________ _ 345,169.21

Checks for Clearing and Due from

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

4,516.08

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

None

Overdrafts ____ --------------------

None

.Advance on Cotton and other Commodities ________________________ _

None

Customers Liability on Letters of

Credit and .Acceptances__________ _ Profit and Loss ___________________ _ Other Resources __________________ _

None None 15,488.02

Total -----------------------------$ 1,565,779.05

LI.ABILITIES: Capital Stock _____________________ $ Capital Notes ____________________ _ Surplus Fund ___________________ _ Undivided Profits _________________
Reserve Funds --------------------Due to Barks_____________________ _ 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 ______________________
:'lotes and Bills Rediscounted ______ _ Other Liabilities __________________ _

100,000.00 None
100,000.00 74,213.59 None None X one None 226.80 X one
514,436.03 766,384.43
None None None 10,518.20

Total -----------------------------$ 1,565,779.05

94

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK & TRUST CO. Savannah, Ga.

As called for by the Superintendent of Banks.

GEO. H. SMITH, President.
Date of Charter: 5-22-1906

PAUL T. JONES,
Cashier. Began Business: 6-1-1906

RESOURCES: Loans and Discounts ________________ $ 1,151,685.25

Staotwenoedf G_e_o_rg_i_a__a_n_d__M__u_n_i_c_ip__a_l _B_o__n_d_s

36,319.66

U. S. Government Securities owned__ 311,499.34

Other Stocks and Bonds owned___ _ 27,182.25

Banking House and Lot___________ _ 141,500.00

Furniture and Fixtures_____________

5,500.00

Other Real Estate owned_________ _ 99,495.32

Cash in Vault and Amount due from

approved Reserve Agents _______ _ 741,683.62

Checks for Clearing and Due from other Banks ___________________ _

None

COavsehrdIrtaefmtss -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_

None None

A dmvoa dnictei e so n__C__o_t_t o_n___a_n_d___o_t h_e_r___C_o_m_ -_

None

Customers Liability on Letters of

Credit and Acceptances___________ _ Profit and Loss ___________________ _ Other Resources __________________ _

None
None 6,492.13

Total -- ________________________ $ 2,521,357.57

LIABILITIES :

Capital Stock ----------------------$ 200,000.00

Capital Notes ---------------------- 110,000.00

Surplus Fund ---------------------Undivided Profits _________________ _

90,000.00 21,500.00

Reserve FundS --------------------

7,502.33

Due to Banks --------------------- 136,241.69

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

None

Cashier's Checks ------------------- 12,144.38

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

None

Demand Deposits ------------------ 1,232,962.52

Time Certificates of Deposits_______ _

None

Savings Deposits ___________________ 701,004.23

Letters of Credit and Acceptances

executed for Customers__________ _

None

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

None

Notes and Bills Rediscounted ______ _

None

Other Liabilities ------------------- 10,002.42

Total -----------------------------$ 2,521,357.57

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE GEORGIA STATE SAVINGS ASSOCIATION OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks.

J. P. HOULIHAN, President.
Date of Charter: 7-29-1909

S. B. LaFAR, Sec. and Treas. Began Business: 8-4-1909

RESOURCES: Loans and Discounts________________ $ 3,150,267.51

State of Georgia and Municipal Bonds

owned _ --------------------------

None

U. S. Government Securities owned__ 267,750.00

Other Stocks and Bonds owned __ Banking House and Lot__________ _ Furniture and Fixtures______________

465,191.02 93,945.00
1.00

Other Real Estate owned __________ _ 924,427.88

Cash in Vault and Amount due from approved Reserve Agents _________ _ 289,894.79

Checks for Clearing and Due from other Banks ____________________

5,689.36

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

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

4,480.05

rota! __ ---------------------------$ 5,201,646.61

LIABILITIES:

Capital Stock ----------------------$ 325,000.00

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

None

Surplus Fund ---------------------- 200,000.00 Undivided Profits __________________ 42,554.71

RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_

120,000.00 58,500.00

CDaivsihdieenrd'ss CUhnepcakisd _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Certified Checks ___________________

None 3,167.12 6,139.27

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

None

Time Certificates of Deposits______ _ 1,514,913.46

Savings Deposits __________________ 2,906,135.75

Letters of Credit and Acceptances executed for Customers___________ _

None

Rills Payable ---------------------Notes and Bills Rediscounted ______ _ Other Liabilities ___________________

None None 25,235.70

Total _____________________________$ 5,201,646.61

TWENTY-SECOND ANNUAL REPORT

95

STATEMENT

Showing condition at the close of business December 31, 1941, of

SAVANNAH BANK & TRUST CO. Savannah, Ga.

As called for by the Superintendent of Banks.

JNO. J_ CORNELL, President.
Date of Charter: 3-4-1869

J_ F. HENNEMIR, Cashier.
Began Business: 7-1-1869

RESOURCES: Loans and Discounts________________$ 3,166,233.16

State of Georgia and Municipal Bonds

owned -------------------------- 89,944.57 U. S. Government Securities owned__ 471,614.25

Other Stocks and Bonds owned_____ _ Banking House and Lot___________ _ Furniture and Fixtures____________ _ Other Real Estate owned________ _

26,634.27 517,000.00
20,600.00 110,700.00

Cash in Vault and Amount due from

approved Reserve Agents-------- 4,953,106.86

Checks for Clearing and Due from other Banks ____________________ _
Cash Items _______________________ _

None None

Overdrafts -----------------------Admvoadnicteieson___C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ -_

None None

Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss ___________________ _

None None

Other Resources ------------------ 23,954.02

Total __ -------------------------$ 9,379,787.13

LIABILITIES:

CCaappiittaall NStootceks -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$

350,000.00 275,000.00

Surplus Fund --------------------- 175,000.00

Undivided Profits ----------------- 34,429.33

RDeuseertvoe BFaunnkdss __-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

93,625.QO 1,448,815.67

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

None

CCearsthifieierd's CChheecckkss -_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

61,112.24 None

Demand Deposits ------------------ 5,130,836.88

Time Certificates of Deposits_______ _

None

Savings Deposits ------------------ 1,805,222.62

Letters of Credit and Acceptances

executed for Customers __________ _

None

Bills Payable ---------------------Notes and Bills Rediscounted ______ _

None None

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

5,745.39

Total __ ------ __________________ $ 9,379,787.13

STATEMENT

Showing condition at the close of business December 31, 1941, of

FARMERS & MERCHANTS BANK Senoia, Ga.

As called for by the Superintendent of Banks.

R. L. HARDY, President.
Date of Charter: 3-2-1874

R. W. FREEMAN, Cashier.
Began Business: 1889

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 "nd Due from other Banks ---------------------
COavsehrdrIatefmts s _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-.-'_-_-_-_-_-_-
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances _________ _
Prof!! and Loss ___________________ _
Other Resources -------------------

117,893.01
None 2,268.04
None 1,400.00
385.00 10,050.00
87,307.13
None 45.25 120.38 .
5,380.77
None None None

Total __ ------------------------- $ 224,849.58

LIABILITIES:
Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund ---------------------Undivided Profits -----------------
Reserve Funds --------------------Due to Banks ---------------------Dividends Unpaid -----------------Cashier's Checks -----------------Certified Checks ------------------Ilemand 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 None
7,000.00 3,806.72
None None 14.00 1,175.49 None 147,071.80 40,781.57 None
None None None None

Total __ .------------------- ______ $ 224,849.58

96

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
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 ________________ $ State of Georgia and Municipal Bonds
owned --------------------------U. S. C<Overnment 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 CaosthheIrteBmasnk_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts -----------------------Advance on Cotton and other Com-
modities __ ----------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss ___________________ _
Other Resources -------------------
Total _____________________________ $

41,912.95
None None 195.00 None 500.00 1,427.00
22,246.57
None None None
None
None None None
66,281.52

LIABILITIES : Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund ___ ------------------Undivided Profits -----------------DReuseervtoe FBuanndkss _-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_--_
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 ---------------------Xotes and Bills Rediscounted ______ _
Other Liabilities -------------------

20,000.00 None
2,000.00 1,031.54
None None 600.00 344.19 None 25,944.06 16,361.73 None
None None None None

Total -- -------------------------$ 66,281.52

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF SHARON Sharon, Ga.

As called for by the Superintendent of Banks.

W. F.. DOZIER,

B. R. DARDEN,

President.

Cashier.

Date of Charter: 9-29-1904

Began Business: 9-1904

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

UESOL'RCES: Loans and Discounts _______________ $ State of Georgia and l\fun!cipal Bonds
owned --------------------------

24,621.60 X one

LIABILITIES: Capital Stock ----------------------$ Capital Xotes _____________________ _ Surplus Fund ____________________ _

U. S. Government Securities owned__ Other Stocks and Bonds owned___ _ Banking House and Lot_ ___________ _

18,566.71 None None

Cndivided Profits -----------------Heserve :Funds ____________________ _ Due to Banks _____________________ _

Furniture and Fixtures___________ _

500.00

Diridends Unpaid _________________ _

Other Real Estate owned__________ _

1,800.00

Cashier's Checks __________________

Cash in Vault and Amount due from

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

approved Reserve Agents _________ _ 31,943.44

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

Checks for Clearing and Due from

Time Certificates of Deposits_______

CaosthherIteBmasnk_s__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_

461.20 285.50

Sarings Deposits ------------------Letters of Credit and Acceptances

Overdrafts -----------------------Advance on Cotton and other Com-

352.12

executed for Customers__________ _

Bills Payable __

______________ _

modities -----------------------Customers Liability on Letters of

662.53

Xotes and Bills Rediscounted ______ _ Other Liabilities __________________ _

Credit and Acceptances__________ _

None

Profit and Loss __ -----------------Other Resources __________________ _

234.53 None

15,000.00 None
6,000.00 None None None None None 710.50
51,776.13 5,941.00
None
::\one None None None

Total ---------------------- _______$ 79,427.63

Total -----------------------------$ 79,427.63

TWENTY-SECOND ANNUAL REPORT

97

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF SILOAM Siloam, Ga.

As called for by the Superintendent of Banks.

J. H- DOLVIN,
President. Date of Charter: 10-18-1904

E. A. THOMPSON, Cashier.
Began Business: 10-1904

RESOuRCES: Loans and Discounts_______________ $ Stoatweneodf G_e_o_rg__ia__a_n_d__M__u_n_i_c_i_p_a_l _B__o_n_d_s
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 __________________ _
Total __ ~-------------------------- $

35,724.22
5,295.28 None None
2,275.00 1,270.00 1,200.00
43,567.33
761.53 None 43.60
None
None None None
90,136.96

LIABILITIES : Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund --------------------Undivided Profits ----------------RDeuseertvoe FBuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpaid -----------------Cashier's Checks ___________________
DCeermtiafniedd DCehpeocskists -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Time Certificates of Deposits_____ _ Savings Deposits ------------------!.etters of Credit and .Acceptances
executed for Customers___________ _ Bills Payable ______________________
Notes and Bills Rediscounted ______ _ Other Liabilities -------------------

25,000.00 None
5,000.00 2,504.29 ,.... None
None 42.40 4,927.43 None 51,956.84 706.00 None
None None None None

Total -----------------------------$ 90,136.96

srATEMENT
Showing condition at the close of business December 31, 1941, of
SOCIAL CIRCLE BANK Social Circle, Ga.

As called for by the Superintendent of Banks.

W. B. SPEARMAN, President.
Date of Charter: 12-31-1923

W. S. McKIBBEN, Cashier.
Began Business: 3-8-1924

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 CaosthherIteBmasnks__-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ------------------------.Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and .Acceptances__________ _ Profit and Loss____________________
Other Resources -------------------

162,817.91
8,000.00 None None
2,500.00 1,000.00
None
76,882.89
None None 53.01
20,743.29
None None None

Total -----------------------------$ 271,997.10

LIABILITIES: CCaappiittaall NStootceks -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
R~serve Funds --------------------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 10,000.00
None 485.27
None None 3,000.00 506.00
3.75 158,643.24
40,000.00 34,066.08
None None None 292.76

Total -----------------------------$ 271,997.10

98

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF SOPERTON Soperton, Ga.

As called for by the Superintendent of Banks.

J. B. O'CONNER, President.
Date of Charter: 7-16-1906

I. H. HALL, JR., Cashier.
Began Business: 6-1903

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 -------------------
Total -----------~-----------------$

199,574.72
800.00 36,300.00
1,800.00 12,400.00
3,500.00 15,700.00
142,899.38
None X one None
None
Kane None 1,118.69
414,092.79

LIABILITIES: Capital Stock ---------------------$ Capital Notes ____________________ _
Surplus Fund --------------------Undivided Profits ________________ _
Reserve Funda -------------------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 ---------------------Xotes and Bill' Rediscounted_______ _ Other Liabilities __________________ _

25,000.00 23,500.00 10,000.00
4,748.30 1,957.47
None None 330.14 None . 227,235.19 121,321.69 None
None X one None None

Total ----------------------- ----$ 414,092.79 ----------

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE EXCHANGE BANK OF SPRINGFIELD Springfield, Ga.

As called for by the Superintendent of Banks.

J. W. TEBEAU, President.
Date of Charter: 12-30-1907

J. M. MARCHMAN, Cashier.
Began Business: l-1-1908

RESOt:RCES: Loans and Discounts_______________$ Staotweneodf G_e_o_rg_i_a__a_n_d__M__u_n_i_c_ip__al__B_o__n_d_s
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 -------------------
Total ----------------- ____________$

205,665.19
30,900.00 25,000.00
None 1, 700.00
900.00
~one
166,758.80
None None None
None
None None None
430,923.99

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
executert for Customers __________ _ Bills Payable ______________________ _
Notes and Bills Rediscounted_______ _
Other Liabilities -------------------

15,000.00 None
14,000.00 1,000.00 None None None 363.56 None
224,764.31 15,000.00 161,296.12
None None None None

Total ___________ ------------------$ 430,923.99

fWENTY-SECOND ANNUAL REPORT

99

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF STAPLETON Stapleton, Ga.

As called for by the Superintendent of Banks.

J. C. KILGORE,
President. Date of Charter: 9-24-1906

J. C. KILGORE,
Cashier. Began Business: 5-6-1906

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 a1~d Due from
other Banks ____________________ _ Cash Items _______________________ _
O;-erdrafts ------------------------Advance on Cottar. and other Com-
modities ------------------------Customers Liability on !.etters of
Credit and Acceptances___________ Profit and Loss___________________ _ Other Resources ___________________
Total _____________________________ $

52,424.55
None 4,350.00
None 2,100.00 1,900.00 2,550.00
53,111.01
None 133.40
23.17
None
None None X one
116,592.13

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
4,000.00 1,316.47
None None 750.00 392.21 None 66,076.34 29,057.11 None
None None None None

Total --------------------------C--$ 116,592.13

STATEMENT

Showing condition at the close of business December 31, 1941, of
BULLOCH COUNTY BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

R. J. KENNEDY, President.
Date of Charter: 1-19-1934

W. D. ANDERSON, Cashier.
Began Business: 4-14-1934

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 ltems ----------------------Overdrafts ------------------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances___________ Profit and Loss___________________ _
Other Resources -------------------

388,817.90
None 68,700.00
None 15,000.00
3,275.62 None
287,344.59
1,976.34 None 1.04
X one
None None None

J,IABILITIES: Capital Stock ---------------------$ Capital Notes ---------------------Surplus Fund -------------------Undivided Profits ________________ _
RDeuseervtoe FBuannld<sS_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_
Iiividends 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 None
10,000.00 36,594.78
None None 381.00 498.12 50.00 559,416.68 92,729.32 15,505.59
None
~one ~one
:Xone

Total --------------- ---- ----------------$---76-5,-17-5-.49-----T-o-ta-l ------------------------------------------------$ --7-65-,1-75-.4-9

100

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

SEA ISLAND BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

C. P. OLLIFF, President.
Date of Charter: 3-ll1901

C. B. McALLISTER, Cashier.
Began Business: 1901

RESOrRCES: Loans and Discounts_______________ $
State of Georgia and Municipal Bonds owned --------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL ___________ _ 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 -------------------

266,829.77
12,670.10 336,493.19
None 15,000.00
1,500.00 505.00
362,753.73
6,524.78 None None
5,492.43
None None None

Total

1,007,769.00

LIABILITIES : Capital Stock ----------------------$ Capital Notes ---------------------Surplus Fund ---------------------L:ndivided Profits ----------------RDeuseertvoe BFuannkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Dividends Unpaid -----------------Cashier's Checks _________________ Certified Checks __________________ _ Demand Deposits __________________
Time Certificates of Deposits_______ _ Savings Lepoits ___________________
Letters ot Credit and Acceptances executed for Customers__________ _
Bills Payable ---------------------Notes and Bills Rediscounted_______ _ Other Liabilities __________________ _

50,000.00 None
25,000.00 12,099.06
None 1,327.41 1,030.00 1,771,04
None 729,103.33 161,105.95 24,257.21
None None None 2,075.00

Total --------------~-------------- 1,007,769.00

STATEMENT Showing condition at the close of business December ~1, 1941, of

FARMERS & MERCHANTS BANK Summerville, Ga.

As called for by the Superintendent of Banks.

D. L. McWHORTER, President.
Date of Charter: 2-5-1926

D. L. McWHORTER, Cashier.
Began Business: 6-1926

UJ<;SOURn;s: Loans and Discounts________________ $ State of Georgia and Municipal Bonds
owned ~------------- __________ _ U. S. Government Securities owned__ Other Stocks and Bonds owned-----Banking House and LoL________ _ Furniture and Fixtures ------------Other Heal Estate owned__________ _ Cash In Vault and Amount due from
approved Reserve Agents_______ _ Checks for Clearing and Due from
other Banks -------------------Cash Items ----------------------Overdrafts ------------------------Admvaondciteieson__C__o_t_to_n___a_n_d___o_th__e_r __C_o_m_-_
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _
Other Resources -------------------
Total -----------------------------$

144,985.91
22,350.20 175,874.84
None 5,833.93
None 2,487.00
603,232.46
3,674.95 None None
None
None None None
958,439.29

LIABILITIES: Capital Stock ----------------------$ CSuaprpitlauls NFoutneds -_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_
Undivided Profits -----------------Rm. erve 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 None
22,500.00 14,133.98
3,120.57 None 110.00
5,960.26 None
706,884.17 180,730.31
None
None None None None

Total -----------------------------$ 958,439.29

TWENTY-SECOND ANNUAL REPORT

101

STATEMENT

Showing condition at the close of business December 31, 1941, of

DURDEN BANKING COMPANY, INCORPORATED Summit, Ga.

As called for by the Superintendent of Banks.

B. L. ROUNTREE, President.
Date of Charter: 6-26-1935

R. W. DURDEN, Cashier.
Began Business: 7-5-1935

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 _____________________
COavsehrdrItaefmtss _-_-_-_-_-_-:-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_
Advance ~n Cotton a'"'.d other Commodities ------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss ___________________ _
Other Resources -------------------
Total ____________________________ $

40,668.58
None None None 2,300.00 1,100.00 3,000.00
44,465.83
None 32.13 None
22,127.65
None None None
113,694.19

LIABILITIES: Capital Stock ---------------------$ Capital Notes ---------------------Surplus Fund -------------------Undivided Profits __________________
DReuseertvoe BFuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpaid -----------------Cashier's Checks ___________________ Certified Checks ___________________ Demand Deposits _________________ Tln;e Certificates of J; eprslts______ _ Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________ _
Bills Payable ---------------------~otes and Bills Rediscounted _______ _ Other Liabilities __________________ _

15,000.00 None
3,000.00 2,546.13
None None None 1,430.48 None 72,008.03 14,709.55 5,000.00
None None None None

Total ____________________________ $ 113,694.19

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE CENTRAL BANK Swainsboro, Ga.

As called for by the Superintendent of Banks.

R. A. FLANDERS, President.
Date of Charter: 9-27-1920

W. W. FLANDERS, Cashier.
Began Business: 11-9-1920

RESOURCES: J.oans and Discounts ________________$
State of Georgia and Municipal Bonds owned ---------------------------
U. S. C"'vernment Securities owned __ Otler Stocks and Bonds owned ____ _ Banking House and Lot_ ___________ _ Furniture and Fixtures____________ _ Other Real Estate owned_________ _ Cash in Vault and Amount due from
wproved 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 -------------------
Total _____________________________$

249,961.88
None 11,800.00
1,500.00 8,000.00
1.00 357.00
_209,579.95
None None None
None
None None None
481,199.83

LIABILITIES : Capital Stock ----------------------$ Capital Notes -------------~------- Surplus Fund -------------------Undivided Profits __________________
RDeuseervtoe FBuanndkss _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_ Dividends Unpaid _________________ _
Cashier's Checks ----------------Certified Checks ------------------Demand Deposits _________________ _ Time Certificates of Deposits________ _
Savings Deposits ------------------Letters of Credit anJ Acceptances
executed for Customers __________ _ Bills Payable _____________________ _
Notes and Bills Rediscounted _______ _ Other Liablllties __________________ _

25,000.00 None
25,000.00 5,562.11 None 4,647.63 None 2,044.01 None
257,646.94 None
161,299.14
None None None None

Total -----------------------------$ 481.199.83

102

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

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_______________$
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_________ _

790,840.40
9,379.93 22,125.00
None None 2,700.00 27,212.49

LIABILITIES : Capital Stock ______________________ $
Capital Notes ---------------------Surplus Fund _____________________ Undivided Profits _________________ _
DReuseertvoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ Cashier's Checks __________________ _

25,000.00
None 75,000.00
None 6,122.87
None 10,000.00 11,789.50

Cash in Vault and Amount due from approved Reserve .Agents _________ _ 299,609.47

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

X one

DC'mand Deposits __________________ _ :!96,536.29

Checks for Clearing and Due from other Banks ____________________ _
Cash Items ______________________ _

1,421.92 693.31

Time Certificates of r.; eposits ______ _ 435,296.25

Savings Deposits __________________ _

55.50

Letters of Credit and .Acceptances

Overdrafts -----------------------.Advance on Cotton and other Com-
modities __________________________ _

X one X one

executed fm Customers__________ _ Bills Payable _____________________ _ Notes and Bills Rediscounted_______ _

None :"\one X one

Customers Liability on Letters of

Other Liabilities __________________ _

X one

Credit and .Acceptances__________ _ Profit and Loss___________________ _ Other Resources __________________ _

None None 5,817.89

Total -----------------------------$ 1,159,800.41

Total ______ ----------------------$ 1,159,800.41

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF SCREVEN COUNTY Sylvania, Ga.

As called for by the Superintendent of Banks.

J. A. MILLS,
President. Date of Charter: 4-10-1911

JOHN A. MILLS, JR., Cashier.
Began Business: 5-1-1911

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL ___________ _ },urniture 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 __________________ _

439,659.24
18,603.23 30,500.00
None None
~one
None
294,579.00
None 1,044.47
None
None
None None None

Total -----------------------------$ 784,385.94

LIABILITIES: CCaappiittaall NStootceks _-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$ 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 -------------------

50,000.00 None
10,000.00 57,864.21
None None 24.00 2,897.11 None 554,350.61 576.94 108,673.07
None None None None

Total _________________ ------------$ 784,385.94

TWENTY-SECOND ANNUAL REPORT

103

STATEMENT
Showing condition at the close of business December 31, 1941, of
SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks.

T. C. JEFFORD,
President.
Date of Charter: 7-5-1898

T. M. PURDOM, Cashier.
Began Business: 7-1898

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

117,129.07
10,000.00 None None
5,829.00 2,250.00
X one
753,609.37
None None None
None
None None None

LIABILITIES: Capital Stock ----------------------$ Capital Notes ---------------------Surplus Fund --------------------Undivided Profits ----------------DReuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ _ Cashier's Checks ________________ _
Certified Checks ------------------Demand Deposits _________________
Time Certificates of Leposits______ _
Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________
Bills Payable ---------------------Notes and Bills Rediscounted_______ _
Other Liabilities -------------------

50,000.00 None
40,000.00 6,533.28 500.00 None 115.00 430.96 None
728,811.41 62,426.79 None
None None None None

Total _______ ----------------------$ 888,817.44

Total -----------------------------$ 888,817.44

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

STATEMENT

Showing.condition at the close of business December 31, 1941, of

THE PEOPLES BANK Talbotton, Ga.

As called for by the Superintendent of Banks.

A. P. PERSONS, President.
Date of Charter: 12-3-1890

FANNIE MAHONE, Cashier.
Began Business: l-13-1891

RESOURCES: Loans and Discounts________________$
State of Georgia and Municipal Bonds o'vned __ .. __________ - __ ------------
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 ------------------------Adnnce on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances___________ Profit and J,oss____________________
Other Resources -------------------

45,798.14
?\one 75,300.00
X one 2,700.00
600.00 3,196.07
144,660.03
1,290.54 None None
None
None None None

Total -----------------------------$ 273,544.78

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 None
15,000.00 6,787.34 None None 43.00 44.32 None
198,469.92 28,200.20 None
None None None None

Total -----------------------------$ 273,544.78

104

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF TAYLORSVILLE Taylorsville, Ga.

As called for by the Superintendent of Banks.

J. I. HARRIS,
President.
Date of Charter: 6-5-1905

W. M. DORSEY,
Cashier. Began Business: 6-13-1905

RESOURCES: Loans and Discounts________________ $ &toawt"nosdf G__e_o_rg_i_a__a_n_d..M__u_n_ic_i_p_1_l__B_o_n__d_s
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-
mollities ------------ ___________ _ Customers Liability on Letters of
Credit and Acceptances__________ _ Profil and Loss___________________ _
Other Resources -------------------
Total _____________________________$

95,070.52
None None None 1,200.00 1,700.00 None
44,156.21
None None 77.26
None
None None None

LIABILITIES : Capital Notes ----------------------$ Capital Notes ---------------------Surplus Fund ---------------------Undivided profits _________________ _
DRueseertvoe BFuannkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Dividends Unpaid -------------~---Cashier's Checks __________________ _
Certified Checks ------------------Demand Deposits _________________ _ Time Certificates of Deposits____ _ Savings Deposits __________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills P:wable ---------------------Notes and Bills Rediscounted ________ _ <)ther Liabilities -------------------

142,203.99

Total -----------------------------$

----

25,000.00 None
10,000.00 1,827.41 None None 1,000.00 159.27 None 78,050.73 4,207.73 21,958.85
None None None None
142,203.99

STATEMENT

Showing condition at the close of business December 31, 1941, of

TENNILLE BANKING COMPANY Tennille, Ga.

As called for by the Superintendent of Banks.

S. D. MANDEVILLE, President.
Date of Charter: 4-4-1900

S. D. MANDEVILLE,
Cashier. Began Business: 4-1900

RESOURCES: Loans and :Giscounts______________ $ Staotwenoedf G_e_o_rg_i_a__a_n_d__M__u_n_i_c_ip_a_l__B_o__n_d_s
U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and Lot____________ _ Furvlture 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
Credil and Acceptances__________ _ Profit and Loss____________________ _
Other Resources -------------------
Total -----------------------------$

115,710.73
7,432.00 None None None
1,262.75 3,271.38
51,189.15
None None
1.29
111,795.19
None None None
290,662.49

LIABILITIES : CCaavplittaall NStaotceks -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$ Surplus Fund ____________________ _ Undivided Profits ________________ _
RDeuseervtoe FBuanndkss_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Dividends Unpaid -----------------Cashier's Checks __________________ _
Certified Checks ------------------Demand Deposits -----------------Time Certificates of Deposits____ _ Savings Deposits _________________ _
Letters of Credit and Acceptances executed for Customers__________ _
Bills Pay."lble ---------------------Notes and Bills Rediscounted _______ _ Other Liabilities -------------------

30,000.00 None
6,000.00 6,699.43
None None 190.00 391.01 None 173,952.16 34,483.13 38,946.76
None None None None

Total -----------------------------$ 290,662.49

TWENTY-SECOND ANNUAL REPORT

105

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS AND SOUTHERN BANK OF THOMASTON Thomaston, Ga.

As called for by the Superintendent of Banks.

JAMES R. ATWATER, President.
Date of Charter: 2-28-1930

C. B. JENKINS, JR., Cashier.
Began Business: 2-28-1930

RESOURCES: Loans and Discounts________________$ 445,860.75

Stoawtenoedf G_e_o_rg_i_a__a_n_d__M__u_n_i_c_i_p_a_l _B__o_n_d_s

9,346.40

U. S. Government Securities owned~- 164,107.68

Other Stocks and Bonds owned___ _ Banking House and Lot__________ _

29,400.00 14,671.54

Furniture and Fixtures_____________

6,791.11

Other Real Estate owned----------- 18,598.83

Cash in Vault and Amount due from approved Reserve Agents _________ _ 1,299,574.69

Checks for Clearing and Due from other Banks ____________________ _

6,615.6H

COavsehrdrIatfetms s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

None None

Admvoadnicteieson___C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ -_

~one

Customers Liability on Letters of Credit and Acceptances__________ _
Profil an<! Loss ___________________ _ Other Resources ___________________ _

None None 297.00

Total ________ . _______________ $ 1,99!\.263.66

LIABILITIES:

..,capital Stock ---------------------$ 100,000.00

CSuaprpitlauls NFoutneds -_-_-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-_-_-_-_-_

None 25,000.00

Undivided Profits ----------------Reserve Funds ___________________ _ Due to Banks_____________________ _
Dividends Unpaid _________________ _
Cashier's Checks ________________ _ Certified Checks __________________ _ Demand Deposits _________________ _

25,949.63
8,396.87 None 52.00
8,261.76 None
1,580,503.10

Time Certificates of Deposits_______ _ 42,129.75

Savings Deposits ------------------- 197,100.21

Letters of Credit and Acceptances

executed for Customers__________ _ Bills Payable _____________________ _

None None

Notes and Bills Rediscounted _______ _ Other Liabilities __________________ _

None 7,870.34

Total ____________________________ $ 1,995,263.66

STATEMENT Showing condition at the close of business December 31, 1941, of

BANK OF THOMAS COUNTY Thomasville, Ga.

As called for by the Superintendent of Banks.

W. F. SCOTT, President.
Date of Charter: 2-3-1937

H. B. GURLEY, Cashier.
Began Business: 2-15-1937

RESOURCES: Loans and IJiscounts --------------$ State of Georgia and Municipal Bonds
owned --------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and Lot____________ _
~~~~!t~:al a~~ta~!x~~~~d============
Casn in Vault and Amount due from approved Reserve Agents _________ _
Checks for Clearing and Due from other Banks ---------------------
Cash Items __ ------------------ __ _ Overdrafts ________________________ _
Advance nn Cotton and other Commodities -------------------------
Cutomers Liab!llty on Letters of Credit and Acceptances__________ _
Profit a.nd Loss___________________ _
Other Resources -------------------

368,209.18
None 36,938.12
None None 2,178.56 None
767,921.48
12,147.84 None None
None
None None None

Total __ --- - _____________________ $ 1,187,395.18

LIABILITIES: Capital Stock ----------------------$ CSuarppitlauls NFoutensd --_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_ Undivided Profits _________________ _ Reserve Funds ____________________ _ Due to Banks_____________________ _ Dividends Unpaid _________________ _ Cashier's Checks ________________ _
DCeemrtiafniedd DCehpeocskists -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Time Certificates of Deposits______ _ Savings Deposits _________________ _
Letters of Credit and Acceptances executed for Customers __________ _
Bills Payat>le _____________________ _
Notes and Bills Rediscounted_______ _
Other Liabilities -------------------

50,000.00 None
30,000.00 11,357.40
None None 4,000.00 2,226.65 30.00 832,637.33 121,950.12 135,193.68
None None None None

Total ____________________________ $ 1,187,395.18

106

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

COMMERCIAL BANK Thomasville, Ga.

As called for by the Superintendent of Banks.

J. TRUMAN HOLLAND,
President. Date of Charter: 7-3-1916

W. J. MILLER, JR.,
Cashier. Began Business: 7-22-1916

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 -------------------COavsehrdrItaefmtss -_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_
Advance on Cotton and other Commodities _____ ---------- ________ _
Customers Liability on Letters of Credit and Acceptances___________
Profit and Loss___________________ _ Other Resources __________________ _

673,564.09
27,818.11 123,411.89
1.00 35,000.00
8,000.00 4,995.00
897,616.78
56,500.60 1,488.83 101.26
162,207.04
X one None 72.00

LIABILITIES : Capital Stock _____________________ $ 50,000.00

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

None

Surplus Fund ---------------------Undivided Profits __________________

60,000.00 38,029.98

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

1,000.00

Due to Banks -------------------- 54,436.61

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

36.00

Cashier's Checks __________________ _

34.93

Certified Checks __________________ _

40.12

Demand Deposits __________________ 1,213,173.23

Time Certificates of Deposits______ _ 45,482.08

Savings I;eposits ------------------ 518,802.06

Letters of Credit and Acceptances

executed for Customers ___________ Bills Payable _____________________ _

None None

Notes and Bills Rediscounted________ Other Liabilities _________________ _

None 9,741.59

Total -----------------------------$ 1,990,776.60

Total -----------------------------$ 1,990,776.60

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF THOMSON Thomson, Ga.

As called for by the Superintendent of Banks.

J. E. WILKERSON,
President. Date of Charter: 12-30-1890

E. C. HAWES, Cashier.
Began Business: 1891

RESOURCES: Loans and Discounts________________ $
State of GeJrgia an:l Municipal Bonds owned __________________________
U. S. G<overnment 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 ____________________ _
Ca!h Items -----------------------Overdrafts ________ ----------------Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances___________ Profit and Loss___________________ _
Other Resources ---------------- __ _

122,567.51
75,955.13 97,644.06 23,421.22 10,200.00
2,610.00 1,825.77
339,049.28
8,155.04 14.00 15.22
None
None None 4,184.80

Total -----------------------------$ 685,642.03

LIABILITIES:

Capital Capital

Stock 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 nf Credit and Acceptances executed for Customers__________ _
Bills Payable _______________________

Notes and B!lls Rediscounted________ Other Liab!l!t!es __________________ _

50,000.00 None
50,000.00 22,987.38
1,900.00 None
4,192.0Q 1,023.26
None 395,103.38 160,436.01
None
None None None None

Total -----------------------------$ 685,642.03

TWENTY-SECOND ANNUAL REPORT

107

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks~

K P. BOWEN, SR_, President.
Date of Charter: 10-10-1891

B. H. McLEOD, Cashier.
Began Business: 1896

RESOURCES: Loans and Discounts________________ $ 976,118.02

Stoawteneodf G_e_o_r_g_ia__a_n_d__M__u_n_i_c_i_p_a_l _B__o_n_d_s

82,324.20

U. S. Government Securities owned__ 191,695.23

Other Stocks and Bonds owned____ _ 51,826.49

Banking House and Lot.________ _ 22,973.35

Furniture and Fixtures -----------Other Real Estate owned_________ _

X one 16,918.50

Cash in Vault and Amount due from

approved Reserve Agents __________ _ 1,349,848.76

Checks for Clearing and Due from other Banks ___________________ _

23,021.78

Cash Items ----------------------Overdrafts _______________________ _

1,147.12 719.96

Advance on Cotton and other Com-

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

None

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss___________________ _ Other Resources __________________ _

None None None

LIABILITIES:

Capital Stock ----------------------$ 100,000.00

CSuaprpitlauls NFoutneds -_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_

None 150,000.00

Undivided Profits ----------------- 100,814.22

Reserve Funds __ -------------------

None

Due to Banks_---------------------- 464,800.79

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

None

Cashier's Checks _________________ _

4,159.83

Certified Checks ___________________

188.25

Demand Deposits ________________ _ 1,450,224.11

Time Certificates of Deposits____ _ 225,536.46 , Savings I; eposits __________________ 220,869.75

Letters of Credit and Acceptances

executed for Customers__________ _ Bills Payable _____________________ _

None None

Notes and Bills Rediscounted_______ _

None

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

None

Total -----------------------------$ 2,716,593.41

Total -----------------------------$ 2,716,593.41

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE FARMERS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

JOSEPH KENT, President.
Date of Charter: 12-21-1936

J. E. NEWTON, Cashier.
Began usiness: 2-24-1937

RESOURCES: Loans and Discounts_______________ $ Staotwenoedf G__eo__rg_i_a__a_n_d__M__u_n_i_c_ip_a_l__B_o_n__ds_
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 CaosthherIteBmasnks__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_ Overdrafts ________________________ _
Advance on Cotton and other Commodities _________________________
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _
Other Resources -------------------
Total -----------------------------$

289,609.43
None 13,819.34
None 6,073.50 2,258.06
460.50
157,008.98
3,082.78 None 179.67
30,544.34
None None None
503,036.60

LIABILITIES: Capital Stock ______________________ $
Capital l';otes ----------------------Surplus Fund --------------------Undivided Profits _________________
RDeuseervteo FBunadnsks-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_
Dividends Unpaid -----------------Cashier's Checks -----------------CDeermtiafniedd DCehpeocskists --__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Time Certificates of Deposits________ Savings Deposits _________________ _ Letters of Credit and Acceptances
executed for Customers__________ _ Bills Payable ---------------------Notes and Bills Rediscounte<!________ _ Other Liabilities -------------------

50,000.00 None
10,000.00 10,146.44
None 612.54
None 1,642.81
None 258,111.44 120,434.77
52,088.60
""one None None None

Total -----------------------------$ 503,036.60

108

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1941, of

THE BANK OF TIGNALL Tignall, Ga.

As called for by the Superintendent of Banks.

C. D. BOLTON, President.
Date of Charter: 7-5-1909

L. D. WARE, Cashier.
Began Business: 8-1909

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_ ___________ _ Fm;niture and Fixtures____________ _ Other Real Estate owned___________ _ Cash in Vault and Amount due from
approved Reserve Agents_________ _ Checks for Clearing and Due from
other Banks -------------------COavsehrdrIatfetm s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Advance on Cotton and other Commodities -------------------------
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _
Other Resources -------------------
Total ~------ _____________________ $

40,064.76
None
~None
None 1,500.00
500.00 None
59,290.95
31,387.20 None None
2,594.72
None None None
13o,337 .63

Capital Stock ____L__I_A_B__IL__IT__I_E_S_:_____$
Capital Notes ------------~-------- Surplus Fund --------------------Undivided Profits ----------------RDeuseervtoe FBuanndkss _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_--_ 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 None
5,000.00 22.77 None
2,500.00 None None None
101,089.86 1,725.00 None
None None None None

Total _ _________________________ $ 135,337.63

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE BANK OF TOCCOA Toccoa, Ga.

As called for by the Superintendent of Banks.

J. H. CURTIS,
President. Date of Charter: 8-10-1911

R. C. HARDING, Cashier.
Began Business: 9-1-1911

RESOURCES: Loans and Liscounts _______________ $ State of Georgia and Municipal Bonds
owned -------------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL___________ _ 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 ------------------------Admvaondciteieson __C_o_t_to_n___a_n_d___o_t_h_e_r__C_o_m_ _
Customers Liability on Letters of Credit and Acceptances__________ _
Profit and Loss___________________ _ Other Resources __________________ _
Total _____________________________$

427,4 78.87
19,125.00 25,600.00
None None 224.00 None
359,311.36
1,740.00 None
3,323.13
33,369.61
None None None
872.187.97

LIABILITIES : CCaappiittaall SNtoocteks --_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
Surplus Fund ---------------------Undivided Profits -----------------DReuseertvoe BFuannkdss_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ _
CCearsthiifeierd's CChheecckkss -_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_--_
Demand Deposits -----------------Timor Certificates of Deposits_______ _ Savings Deposits -----------------Letters of Credit and Acceptances
executed for Customers__________ _
Rills Payable ---------------------Notes and Bills Rediscounted_______ _ Other Liabilities __________________ _

25,000.00 15,000.00 25,000.00
814.68 15,915.19
None 234.00 131.52 None 683,449.40 None 106,569.20
None None None 73.98

Total _____________________________$ 872,187.97

TWENTY-SECOND ANNUAL REPORT

l(){)

STATEMENT

Showing condition at the close of business December 31, 1941, of

WILKINSON COUNTY BANK Toomsboro, Ga.

As called for by the Superintendent of Banks.

H. E. STEPHENS, President.
Date of Charter: 7-16-1907

H. E. STEPHENS, Cashier.
Began Business: 7-16-1907

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

RESOlJRCES:

UABILITIES:

Loans and Discounts_______________ $ 103,340.33

Capital Stock --------------------$ 15,000.00

State of Georgia and Municipal Bonds

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

1,100.00

owned ---------------------------

None

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

2,000.00

U. S. Government Securities owned__

None

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

4,291.78

Other Stocks and Bonds owned____ _ Banking House and Lot__________ _ Furniture and Fixtures____________ _ Other Real Estate owned_________ _
Cash in Vault and Amount due from

1,000.00 4,250.00
100.00 3,495.14

DRueseertvoe BFuannkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Dividends Unpaid ________________ _ Cashier's Checks _________________ _ Certified Checks __________________ _

None None 912.00 501.31 None

approved Reserve Agents_________ _ 108,914.95

Demand Deposits ------------------ 126,380.00

Checks for Clearing ond Due from

Time Certificates of Deposits_______ _ 68,615.25

other Banks ______ ----------------

2,218.01

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

None

Cash Items ----------------------Overdrafts ------------------------

263.11 3,439.64

Letters of Credit and Acceptances executed for Customers__________ _

None

Advance on Cotton and other Com-

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

None

modities ------------------------.Customers Liability on Letters of

None

Notes and Bills Rediscounted_______ _ Other Liabilities __________________ _

None 2,941.50

Credit and Acceptances-----~----Profit and Loss___________________ _

None None

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

None

Total -----------------------------$ 221,141.84

Total ____ -------------------------$ 221,141.84

STATEMENT
Showing condition at the close of business December 31, 1941, of
BANK OF TRION Trion, Ga.

As called for by the Superintendent of Banks.

N. B. MURPHY, President.
Date of Charter: 10-16-1912

GRADY W. COLE, Cashier.
Began Business: 12-17-1912

RESOlJRCES: Loans and Liscounts --------------$ 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 or. Cotton and other Com-
modities -----------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss___________________ _ Other Resources __________________ _

121,891.12
None 110,300.00
None None 429.30 1,191.00
346,114.64
None None None
55,134.10
None None 11,189.18

Total -----------------------------$ 648,111.14

LIABILITIES: Capital Stocl' ______________________ $
CSauprpitlauls NoFtuens d---_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_--_
Undivided Profits ----------------RDeuseervtoe FBuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
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 ,..nd Bills Rediscounted_______ _ Other Liabilities -------------------

25,000.00 None
42,500.00 16,133.49
None None None 15,310.88 None 399,585.92 141,999.35 981.50
None None None None

Total -----------------------------$ 648,111.14

110

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF TUCKER Tucker, Ga.

As called for by the Superintendent of Banks.

P. K. BURNS, President.
Date of Charter: 10-29-1919

L. S. BURNS, Cashier.
Began Business: 12-30-1919

RESOURCES: Loans and Discounts ________________ $ Etate 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 .Acceptaaces__________ _ Profit and Loss____________________ _
Other Resources --------------------
Total ________ ------------------- __ $

79,619.27
None None
1.00 1, 700.00 1,100.00 1,082.67
69,420.56
2,752.50 7.00
575.04
None
None None X one
156,258.04

LIABILITIES: Capital Stock ---------------------$ CSuarppitlauls NFoutneds -_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--_ Undivided Profits __________________
DRueseertvoe BFaannkdss__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ _ Cashier's Checks __________________ _ Certified Checks __________________ _ Demand Deposits _________________ _ Time Certificates of Deposits______ _ Savings Deposits _________________ _
Letters of Credit and Acceptances exec!lted for Customers__________ _
Bills Payable _____________________ _
Notes and Bills Rediscounted _______ _
Other Liabilities -------------------

15,000.00 5,625.00 3,000.00 961.73 3,310.50 None 450.00 183.04 None
84,338.03 1,182.52
42,207.22
None None None X one

Total ____________ -----------------$ 156,258.04

STATEMENT
Showing condition at the close of business December 31, 1941, of
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 J;iscounts_______________$ State of Georgia and Municipal Bonds
owned ___ ----------------------U. S. Government Securities owned__ Other Stocks and Bonds owned _____ _ Other Real Estate owned___________ _ Banking House and Lot------------Furniture and Fixtures ____________ _ Other Resources __________________ _ Cash in Vault and .Amount due from
approved Reserve .Agents __________ _ Checks for Clearing and Due from CaosthheIrteBmasnk_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ---------------------- __ _ Advance on Cotton and other Com-
modities _________________________ Customers Liability on Letters of
Credit and .Acceptances__________ _ Profit and Loss___________________ _
Total -----------------------------$

67,925.12
None None None None 1,700.00 700.00 None
122,413.10
None 612.86 None
6,853.99
None :None
200,205.07

LIABILITIES: CCaappiittaall NStootceks _-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$ Surplus Fund ____________________ _ Undivided Profits _________________ _
RDeuseer\toe FBuanndkss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ Dividends Unpaid _________________ _
Certified Checks -------------------Cashier's Checks __________________ _ Demand Deposits _________________ _ Time Certificates of Deposits______ _
Savings Deposits ------------------Letters of Credit and .Acceptances
executed for Customers __________ _ Bills Payable _____________________ _
Notas and Bills Rediscounted_______ _
Other Liabilities -------------------

15,000.00 None
10,000.00 2,720.91 None None 30.00 None 313.02
106,179.12 65,962.02
None
None None None None

Total -----------------------------$ 200,205.07

TWENTY-SECOND ANNUAL REPORT

111

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF UNION POINT Union Point, Ga.

As called for by the Superintendent of Banks.

H. LAMB, President.
Date of Charter: 5-15-19ll

R. B. RHODES, Cashier.
Began Business: 5-1911

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 CaosthherIteBmasnk_s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_ Overdrafts ________________________ _
Advance on Cotton and other Commodities ________________________ _
Customers Liability on Letters of Credit and Acceptances___________
Profit and LoRs ___________________ _
Other Resources -------------------
Total _____________________________ $

237,001.32
None None None 1,350.00 1,957.31 360.44
132,220.48
1,734.26 None 95.02
X one
~one
None 10,000.00
384,718.89

LiABILITIES: Capital Stock _______________________ $ Capital Notes ______________________
Surplus Fund ---------------------Undivided Profits _________________ _
DReuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
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 None
25,000.00 1,808.01 2,269.54 None 2,000.00 1,791.35 None
304,310.91 None
12,539.08
None None None 10,000.00

Total ----------------------------- $ 384,718.89

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE FARMERS BANK Union Point, Ga.

As called for by the Superintendent of Banks.

L. 0. BENTON, SR., President.
Date of Charter: 9-6-1911

A. J. STEWART,
Cashier. Began Business: 9-6-1911

RESOl:RCES: Loans and Discounts ________________ $ State of Georgia and Municipal Bonds
owned -------------------------U. S. (!IQvernment 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 CaosthherIteBmasnks___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Overdrafts ------------------------Advance on Cotton and other Com-
modities _____ -------~----------Customers Liability on Letters of
Credil tnd Acceptances___________ Profit and Loss___________________ _
Other Resources -------------------
Total _____________________________ $

155,209.8;)
3,163.0:\ 68,84q4
3,944.78 1,800.00
100.00 None
74,923.26
562.27 None 74.14
15,156.13
None None 160.00
323,935.12

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 6,500.00 3,751.66 750.00 None 1.80 774.74 None
188,233.82 15,000.00 78,923.10
None X one X one None

Total -----------------------------$ 323,935.1~

112

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1941, of

BRICE BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks.

M. F. BRICE, President.
Date of Charter: 10-22-1938

G. H. GIBSON, Cashier.
Began Business: 10-29-1938

RESOlJRCES: 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 ----------------- _______ _ .AdYance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and .Acceptances__________ _ Profit and Loss____________________ Other Resources ___________________

202,501.19
None 2,500.00
None None 2,270.20 None
193,832.35
1,227.32 2,231.00 2,909.32
67,378.92
None NoneNone

Total -----------------------------$ 474,850.30

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 None
10,000.00 23,269.49
7,506.69 None None
808.42 None
344,795.91 63,469.79 None
None None None None

Total _____________________________ $ 414,850.30

STATEMENT Showing condition at the close of business December 31, 1941, of

DARBY BANKING .CO. Vidalia, Ga.

As called for by the Superintendent of Banks.

J. F. DARBY, SR.,
President.
Date of Charter: 6-22-1934

0. C. EIDSON, Cashier.
Began Business: 7-1-1934

RESOURCES: Loans and Discounts ________________ $
Stoawteneodf G_e_o_rg__ia__a_n_d__M__u_n_i_c_i_p_a_l _B__o_n_d_s
U. S. Government Securities owned__ Other Stocks and Bonds owned-----Banking House and Lot____________ _ Furniture and Fixtures____________ _ Other Real Estate owned _________ ~Cas]j 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 -------------------

229,793.14
1,305.43 10,850.00
1,800.00 7,778.54
415.19 2,780.00
148,275.71
8,675.04 None None
81,168.24
None None 3,781.75

Total -----------------------------$ 496,623.04

LIABILITIES : Capital Stock ----------------------$ Capital Notes --------------------Surplus Fund ---------------------Undivided Profits -----------------DReuseertvoe BFaunnkdss__-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Dividends Unpaid -----------------Cashier's Checks ----------------Certified Checks __________________
L emand 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 4,000.00 12,500.00 1,326.85 2,226.09
None None 3,406.94 193.38 289,491.49 146,452.90 9,798.02
N<Yne None None 2,227.37

Total -----------------------------$ 496,623.04

TWENTY-SECOND ANNUAL REPORT

113

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Vienna, Ga.

As called for by the Superintendent of Banks.

J. B. WALTON,
President. Date of Charter: 6-24-1931

W. G. WILLIAMSON, Cashier.
Began Business: 7-1-1931

RESOURCES:

Loans and Discounts__ ___

_____ $

Stoawteneodf G__e_o_rg_i_a__a_n_d__M_u_n__ic_i_p_a_l _B__o_n_d_s

U. S. Government Securities owned __ Other Stocks and Bonds owned_____ _ Banking House and Lot_ ________ _ Furniture and Fixtures _____________ _
Other Stocks and Bonds owned __ Cash in Vault and Amount due from
approved Reserve Agents Checks for Clearing and Due from
CaosthherIteBmansl;;_s __-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Ovf'rdraftz ___ ----------------------

Advance on Cotton and other Com-

modities

__________________ _

Customers Liability on Letters of Credit :"nd Acceptances__________ _
Profit and Loss___________________ _

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

223,126.88
None 17,150.00
None 3,450.00 2,863.30
None
132,488.60
480.74 None None
36,789.80
None None 40.00

Total -----------------------------$ 416,389.32

LIABILITIES: Capital Stock ----------------------$ Capital Notes _________ ----~-------Surplus Fund -------------------Undivided Profits _________________ Reserve Funds _____________________
Due to Bank,;;__ ------------------Dividends Unpaid ----------------Cashier's Checks ___________________
Certified Checks ------------------L emand Deposits _______________ _ Time Certificates of Deposits_______ Salings Deposits ------------------Letters of Credit and Acceptances
executed for Customers __________ _ Bills Payable ------------~~-------Notes and Bills Rediscounted_______ _ Other I.iabilitles __________________ _

50,000.00 None
10,000.00 12,788.77
None 1,481.43
298.31 2,359.73
None 289,550.65
49,910.43 None
None None None None

Total ____________________________ $ 416,389.32

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF VILLA RICA Villa Rica, Ga.

As called for by the Superintendent of Banks.

S. C. DOBBS, President.
Date of Charter: 5-4-1899

H. G. CLIATT, Exec. Vice-Pres. Began Business: 5-1899

RESOURCES: Loans and Discounts _____________ $
State of Georgia and Municipal Bonds owned _________________________
U. S. Government Securities owned __ Other Stocks and Bonds owned ___ _ Banking Honse 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 -------------------

353,109.38
2,679.95 96,462.57
9,983.75 3,500.00
500.00 14,000.00
70,295.13
None 26.66 49.68
None
None None None

Total ____________________ ---------$ 550,607.12

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
ex3cuted for Customers __________ _ Bills Payable ____ . _____ ----------Notes and Bills Rediscounted_______ _ Other Liabilities -------------------

50,000.00 None
10,000.00 13,522.79
None None 1,239.00 1,007.54 None 362,889.42 61,948.37 None
None 50,000.00
None None

Total _____________________________ $ 550,607.12

114

DEPARTMENT OF BANKING

STATEMENT

Showing'-eondition at the close of business December 31, 1941; of

BANK OF WADLEY Wadley; Ga.

As called for by the Superintendent of Banks.

DR. J. D. PEACOCK,
President.
Date of Charter: 1-29-1902

B. A. WATSON, Cashier.
Began Business: 1-1902

RESOURCES: Loans and Discounts_______________ $

State of Georgia and Municipal Bonds owned ---------------- ________ _

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

Banking House and LoL. --------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 J.Jiability on Letters of Credit and Acceptances__________ _
Profit and Loss ___________________ _
Other Resources __________________ _

160,161.62
2,550.00 10,000.00
~one
1,900.00 850.00
3,000.00
137,945.65
None X one None
31,612.89
X one :None X one

Total

348.020.16

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 r; eposits ______ _ Sa\'ings Deposits ------------------Letters of Credit and Acceptances
executed for Customers___________
Bills Payable ---------------------Notes and Bills Rediscounted_______ _
Other Liabilities -------------------

25,000.00 None
20,000.00 6,489.53 None None None 713.81 None
171,176.17 54,502.50 70,138.15
None None None
~one

Total - ______ .-------- --------- $ 348,020.16

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK Warrenton, Ga.

As called for by the Superintendent of Banks.

DENHAM CASON, President.
Date of Charter: 4-14-1902

F. L. SPARKS, Cashier.
Began Business: 4-1902

RESOURCES:

Loans and Discounts___

__ ---$

State of Georgia and Municipal Bonds

owned ----------------. ______ ---

U. S. Gm'ernment Securities owned __

Other Stocks and Bonds owned ____ _

Banking House and Lot. __________ _

Furniture and Fixtures____________ _

Other Real Estate owned __________ _

Cas}) in Vault and Amount due frmn approved Reserve Agents_________ _

Due frmn Banks___________________ _

COavsehrdrIatfetms s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Advance on Cotton and other Commodities __ -------------- ______ _
Customers Liability on Letters of Credit and Acceptances___________
Profit and Loss___________________ _
Other Resources __________________ _

286,866.13
36,360.94 164,725.50
24,165.50 8,975.44 3,155.14 4,196.01
608,768.18 45,000.00
None 39.16
1,030.02
None None None

LIABILITIES :

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

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

~one

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

25,000.00

Undivided Profits -----------------Reserve Funds ____________________ _ Du~ to B,mks _____________________ _

41,943.68 11,309.43
None

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

None

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

1,697.25

Certified Checks _____ --------------

None

Demand Deposits ________________ _ 1,053,331.66

Time Certificates of Deposits_______ _

None

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

-None

Letters of Credit and Acceptances

executed for Customer __________ _ Bills Payable _____________________ _

Npne None

Notes and Bills Rediscounted_______ _

X one

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

None

Total ---------------------------- $ 1,183,282.02

Total -----------------------------$ 1,183,282.02

TWENTY-SECOND ANNUAL REPORT

115

STATEMENT

Showing condition at the close of business December 31, 1941, of

WASHINGTON LOAN & BANKING COMPANY Washington, Ga.

As called for by the Superintendent of Banks.

W_ L JOHNSON, President_
Date of Charter: 9-7-1891

F_ W- THOMAS, Cashier_
Began Business: 5-1-1895

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

297,304.42
197,323.24 84,900.00 None 11,436.70 X one None
509,862.66
7,675.39 150.00 117.05
3,803.80
None X one 4,589.:i9

Total ___________________________ $ 1,117,162.85

LIABILITIES : Capital Stock ____________________ $
Capital Notes ---------------------Surplus Fund --------------------Undivided Profits _________________
Reserve Funds --------------------Due to Banks_____________________ _ Dividends Unpaid _________________ _
Cashier's Checks -----------------Certified Checks ------------------Time Certificates of Leposits _______ .. Demand Depobits -----------------Savings Deposits ------------------Letters of Credit and Acceptances
executed for Customers __________ _
Bills I'ayable -------- -------------Notes and Bills Rediscounted_______ _ Other Liabilities _____________ _

50,000.00 None
50,000.00' 87,499.50
None 26,846.88
X one 891.60
None 42,224.22 622,559.00 237,141.6:i
None X one X one None

Total _____ ---------------------~ $ 1,117 ,162.8:i

STATEMENT

Showing condition at the close of business December 31, 1941, of

COMMERCIAL BANK Waycross, Ga.

As called for by the Superintendent of Banks.

L. B. HARRELL, President-
Date of Charter: 10-15-1918

J. M. NORJ\1AN, Cashier.
Began Business: 10-30-1918

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
C aosthh eIrt eBmasn k_s_ _ _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- -_
Overdrafts ------------------------ _ Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and Acceptances__________ _ Profit and Loss___________________ _ (l-ther Resources __________________ _

236,189.95
None 355,975.00
28,666.05 16,800.00
4,500.00 13,161.0<
I,:l27 ,598.02
9,348.67 291.21 None
None
~~one
None 332.67

Total ------------------------- ____ $ 1,992,862.67

LIABILITIES :

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

Capital Notes --------------------Surplus Fu 1d _____________________ _

:Xone 50,000.00

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

14,479.33

Reserve Funds --------------------Due to Banks_____________________ _
Dividends Unpaid _________________ _ Cashier's Checks _________________ _

:30,238.03 50,000.00
None 19,877.49

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

None

Demand Deposits ________________ _ 1,278,764.65

Time Certificates of Deposits_______ _

115 00

Savings Deposits ------------------- 492,24(46

Letters of Credit and Acceptances

executed for Customers __________ _

~one

Bills Payable ---------------------Notes and Bills Rediscounted_______ _

None None

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

7,140.71

Total

$ 1,992,862.67

116

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF WAYNESBORO Waynesboro, Ga.

As called for by the Superintendent of Banks.

M. K. TUCKER, President.
Date of Charter: 12-16-1890

M. R. OLIVER, Cashier.
Began Business: 1891

RESOURCES: Loans and Liscounts________________$
State of Georgia and Municipal Bonds owned -------------------------U. S. Government Securities owned __ Other Stocks and Bonds owned ____ _ Banking House and Lot_ ___________ _
Furniture and Fixtures ____c_______ _
Other Real Estate owned____________
Cash in Vault and Amount due from approved Reserve A~ents _________ _
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 _________________ _

483,778.23
33,113.90 47,077.67
None None 3,171.96 11,391.14
143,527.80
33,335.24 None 793.30
None
None None 1,508.50

Total ------------------------- ____ $ 757,697.74

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 __________________ _

50,000.00 18,800.00
5,000.00 8,683.19 3,199,00
None None 2,300.69 None 416,047.58 116,182.00 137,485.28
None None None 1\one

Total -----------------------~-----$ 757,697.74

STATEMENT

Showing condition at the close of business December 31, 1941, of

CITIZENS BANK AND TRUST CO. West Point, Ga.

As called for by the Superintendent of Banks.

WILLIS JOHNSON, President_
Date of Charter: 2-17-1917

H. C. SAPP, Cashier. Began Business: 3-17-1917

RESOURCES: Loans and Discounts_______________$ 733,448.89

State of Georgia and Municipal Bonds

owned --------------------------

12,000.00

U. S. C"'vernment Securities owned-- 215,900.00

Other Stocks and Bonds owned ___ _

None

Banking House and Lot____________ _ Furniture and Fixtures____________ _

None 9,782.11

Other Real Estate owned___________

None

Cash in Vault and Amount due from

approved Reserve Agents_________ _ 1,617,042.53

Checks for Clearing and Due from

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

2,223.20

<C'a'vsehrdIrtaefmts s _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_--_

None None

Advance on Cotton and other Com-

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

~one

Customers Liability on Letters of

Credit and Acceptances__________ _ Profit and Loss____________________

None None

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

None

Total ___________ ---------------- $ 2,590,396. 73

LIABILITIES :

Capital Stock ----------------------$ 100,000.00

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

None

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

Undivided Profits ----------------- 31,846.00

RDeuseertvoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

11,302.32 None

Dividends Unpaid ----------------('ashier's Checks _________________ _ Certified Checks __________________ _

175.00 2,290.90
59.05

Demand Deposits ----------------- 1,600,138 90

Time Certificates of Deposits_____ _

None

Savings L eposits __________________ 794,584.56

Letters of Credit and Acceptances

executed for Customers___________

None

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

None

Notes and Bills Rediscounted _______ _ Other I.iabilitles ____________________ _

None None

Total ----------------------------- $ 2,590,396. 73

TWENTY-SECOND ANNUAL REPORT

117

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE PEOPLES BANK Winder, Ga.

As called for by the Superintendent of Banks.

C. 0. MADDOX, President.
Date of Charter: 10-29-1926

E. V. POOL, Cashier. Began Business: 10-30-1926

RESOURCES: Loan 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 __________________ _

298,015.92
None 3,500.00 2,000.00 14,400.00 2,000.00 7,200.00
486,246.67
9,323.61 None "'one
1,622.74
None None None

LIABILITIES : Capital Stock ----------------------$ Capital Notes ---------------------Surplus Fund -------------------Undivided Profits ----------------RDeuseervtoe BFaunnkdss__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
DCiavsihdieenrd'ss CUhnepcakisd -_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_
CDeermtiafniedd DCehpeocskists -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_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 None
25,000.00 5,000.00 6,115.03
None 2,000.00 3,566.81
66.99 642,233 14
1,128:89 114,198.08
None None None None

Total -----------------------------$ 824,308.94

Total -----------------------------$ 824,308.94

STATEMENT

Showing condition at the close of business December 31, 1941, of

THE WOODBURY BANKING CO. Woodbury, Ga.

As called for by the Superintendent of Banks.

F. A. DURAND, President.
Date of Charter: 10-20-1891

S. P. WILBURN, Cashier.
Began Business: 9-29-1902

RESOURCES: Loans and Discounts________________ $
Sta'te of Georgia and Municipal Bonds owned --------------------------
U. S. Government Securities owned__ Other Stocks and Bonds owned____ _ Banking House and LoL___________ _ Furniture and Fixtures____________ _ (l~her Real Estate owned ______ c---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 -------------------

101,052.99
18,000.00 35,600.00
540.00 None 2,000.00 8,675.24
167,134.82
4,500.00 None
395.71
1, 700.45
None None 2,093.73

Total -----------------------------$ 341,692.94

LIABILITIES :

CCaappiittaall

NStootceks

----~-----------------$
_____________________ _

Surplus Fund ---------------------Undivided Profits ----------------Reserve Funds --------------------Due to Banks --------------------Dividends Unpaid __________ c ______ _

Cashier's Checks -----------------Certified Checks ------------------Lemand 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 None
7,000.00 8,425.90 5,000.00
None None 795.16 None 243,430.93 52,040.95 None
None None None None

Total -----------------------------$ 341,692.94

ll8

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of

WOODLAND BANK Woodland, Ga.

As called for by the Superintendent of Banks.

J. H. WOODALL, President.
Date of Charter: ll-18-1907

M. H. KING, Cashier.
Began Business: ll-25-1907

RESOURCES: Loans and Discounts_______________ $
State of Georgia and Municipal Bonds
owned ___ --------------------U. S. Government Securities owned__ Other Stocks and Bonds owned_____ _ Banking House and LoL_________ _
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 __________________ _

40,069.81
None 5,400.00
None 1,200.00
200.00 2,091.68
8J,588.53
None 18.50 None
1,770.95
None X one None

Total -----------------------------$ 136,339.47

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
12,000.00 2,518.37 None None 206.40 130.09 None
92,407,45 14,077.16
None
None None None None

Total _------~----------------------$ 136,339.47

STATEMENT

Showing condition at the close of business December 31, 1941, of

BANK OF WOODSTOCK Woodstock, Ga.

As called for by the Superintendent of Banks.

S. L. JOHNSTON, President.
Date of Charter: ll-3-1905

S. L. JOHNSTON, JR.,
Cashier.
Began Business: ll-13-1905

RESOURCES: Loans and Discounts________________ $
State of Georgia and Municipal Bonds owned ---------------------------
U. S. Government Securities owned __ Other Stocks and Bonds owned ___ _ Banking House and LoL------~--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 -------------------
Total _____________________________ $

66,856.73
None 18,800.00
4,943.75 2,850.00
800.00 7,255.00
47,880.20
None None None
Kone
None None 10,000.00
159,385.68

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 None
5,000.00 1,587.07
None None None
9.50 None 120,439.32 7,349.79 None
None None None None

Total -----------------------------$ 159,385.68

TWENTY-SECOND ANNUAL REPORT

119

STATEMENT

Showing condition at the close of business December 31, 1941, of
BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

R_ L KENT, President.
Date of Charter: 2-16-1897

H_ T. JOHNSON, Cashier.
Began Business: 2-16-1897

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

183,646.68
None None 11,080.89 1,500.00 500.00 200.00
113,924.43
10,419.94 None 773.09
15,957.26
None None None

Total -----------------------------$ 338,002.29

LIABILITIES : Capital Stock ----------------------$ Capital Notes -------------~~------- Surplus Fund -------------------Undivided Profits ----------------Reserve Funds --------------------Due to Banks _____________________
Dividends Unpaid -----------------Cashier's Checks ------------------Certified Checks __________________ _ Lemand 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 None
25,000.00 10,000.00
None None None 173.21 None 242,869.11 34,959.97 None
None None None None

Total _____________________________ $ 338,002.29

STATEMENT

Showing condition at the close of business December 31, 1941, of

EXCHANGE BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

P. B. BEDINGFIELD, President.
Date of Charter: 12-20-1909

K E. DALEY, Cashier.
Began Business: 12-20..1909

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 -----------------------Admvoadnicteieson___C_o_t_to__n__a_n_d___o_t_h_e_r__C_o_m_ _-
Customers Liability on Letters of Credit and Accept.nces___________ _
Profit and Loss____________________ _
Other Resources --------------------

219,581.22
None 1,525.00
None 2,400.00
921.50 None
39,247.05
1,008.29 None 111.27
29,845.15
None None None

Total -----------------------------$ 294,639.48

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

35,000.00 None
15,000.00 10,980.17
None None None 5,055.87 None 137,482.36 30,575.76 None
None 60,000.00
None 545.32

Total -----------------------------$ 294,639.U

120

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1941, of
THE BANK OF ZEBULON Zebulon, Ga.

As called for by the Superintendent of Banks.

C. R. GWYN, President.
Date of Charter: 3-18-1905

C. R. GWYN, Cashier.
Began Business: 1-31-1905

RESOURCES: Loans and Liscounts________________ $
State of Georgia and Municipal Bonds own.ed --------------------------
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 -------------------

218,813.18
1,037.95 11,300 00
None 2,430.00 1,600.00 3,337.73
140,721.08
None 146.65 414.76
None
None None 3,373.48

Total -----------------------------$ 383,174.83

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 None
7,500.00 14,267.89
2,000.00 None None
3,913.78 None
198,655.52 18,225.00 113,612.64
None None None None

Total -----------------------------$ 383,174.88

Banks Chartered By Superior Court

STATEMENT

Showing condition at the close of business December 31, 1941, of

ALBANY LOAN & FINANCE CO. Albany, Ga.

As called for by the Superintendent of Banks.

J. A. REDFEARN,
President.

W. D. OWENS, Sec'y. & Treas.

NO STATFMENT SUBMITTED

TWENTY-SECOND ANNUAL REPORT

121

STATEMENT Showing condition at the close of business December 31, 1941, of

CHATHAM SAVINGS & LOAN COMPANY Savannah, Ga.

As called for by the Superintendent of Banks.

T. M. CUNNINGHAM, President.
Date of Charter: 7-25-1885

E. W. CREECH, Sec'y.-Treas. Began Business: 7-25-1885

RESOURCES: Loans and Discounts________________$ 1,094,098.72

State of Georgia al).d Municipal Bonds

owned ---------------------------

None

U. S. Government Securities owned __ 65,000.00

Other Stocks and Bonds owned ____ _ 24,975.25

Banking House and Lot_____________

None

Furniture and Fixtures____________ _

1,950.47

Other Real Estate owned ____________ 418,236.51

Cash in Vault and .Amount due from

approved Reserve .Agents__________ 48,917.43

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

1,537.17

Total -----------------------------$ 1,654,715.55

LIABILITIES : Capital Stock ---------------------$ Capital Notes ---------------------Surplus Fund ---------------------Undivided Profits ----------------DReuseertvoe BFaunnkdss___-_-_-_o_:_::_-_-_-_-_--_-_-_-_-_--_-_-_--_
Llvldends 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 ------------------

500,000.00 None-
25,000.00 107,034.58
10,953.29 None None None 1.76 None
423,352.13 535,779.77
None 50,000.00
None 2,594.02

Total ---------------------------~-$ 1,654,715.55

STATEMENT

Showing condition at the close of business December 31, 1941, of

INDUSTRIAL SAVINGS AND LOAN COMPANY Savannah, Ga.

As called for by the Superintendent of Banks.

J. FERRIS CANN,
President.
Date of Charter: 10-4-1926

L. RALSTON WYLLY, JR., Cashier.
Began Business: 11-6-1926

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 Cash Items ________________________ Overdrafts _______ ------------------
other Banks _____________________ .Advance on Cotton and other Com-
modities ------------------------Customers Liability on Letters of
Credit and .Acceptances____________ Profit and Loss_____________________
Other Resources -------------------
Total -----------------------------$

315,477.69
~"one
Ntne None None 2,844.24 15,787.11
13,800.34
None None None
None
None None 480.20
348,389.58

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

50,000.00 None
15,000.00 20,357.62
None None None None None None 86,650.00 156,381.96
None None 20,000.00 None

Total -----------------------------$ 348,389.58

122

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1941, of
THE MORRIS PLAN COMPANY OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks.

H. V. JENKINS, President.
Date of Charter: 7-1917

E. B. McCUEN, Vice-Pres.
Began Business: 8-1917

RESCURCES: Loans and Discounts ________________$ 489,962.20

State of Georgia and Municipal Bonds

owned --------------------------

~one

U. S. Government Securities owned __

None

Other Stocks and Bonds owned____ _ Banking House and Lot____________ _ Furniture and Fixtures______________ _ Other Real Estate owned___________ _

48,721.57 None
764.17 None

Cash in Vault and Amount due from

approved Reserve Agents_________ _ 14,047.94

Checks for Clearing and Due from other Banks ____________________

1,344.68

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

None

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

None

Advance on Cotton and other Commodities _________________________

X one

Customers Liability on Letters of Credit and Acceptances___________ _
Profit and Loss____________________ _

None None

Other Resources -----------~-------

967.43

-----

Total -----------------------------$ 555,807.99

LIABILITIES: Capital Stock ______________________ $ Capital Notes _____________________ _
Surplus Fund ---------------------Undivided Profits -----------------RDeuseervtoe FBuanndkss _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_--_
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 None
50,000.00 85,517.96
6,455.98 None None None None None
41,900.00 137,473.16
None 8,000.00
None 176,460.89

Total _____________ ----------------$ 555,807.99

STATEMENT

Showing condition at the close of business December 31, 1941, of

SOUTHERN SAVINGS & LOAN CO. Savannah, Ga.

As called for by the Superintendent of Banks.

FRED WESSELS, President.

~- H. SCHRODER, Treas.

NO STATEMENT SUBMITTED