Twenty-eighth annual report, 1947

STATE OF GEORGIA
CREATED BY ACT APPROVED AUGUST 16, 1919
YEAR ENDING DECEMBER 31, 1947
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 bther 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 sessions of the General Assembly, all of which amendments are contained in the Banking Act published by the Department of Banking.
0. G. JACKSON, Superintendent of Banks
BOWEN PRESS, INC., DECATUR, GA.

TWENTY-EIGHTH ANNUAL REPORT

III

DEPARTMENT OF BANKING STATE OF GEORGIA.
A.TLA.NTA.

To His Excellency, Honorable M. E. Thompson, Governor of Georgia, Atlanta, Georgia.

December 31, 1947.

As required in Sections 15 and 16 of Article 2 of the Banking Law, I have the honor to submit herewith, this, the 28th Annual Report of the Department of Banking for the year ending December 31, 1947.

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 1947.

3. Exhibits "C" through "K", covering applications relative to charter amendments, charter renewals, etc.

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

5. Exhibit "M", a list of brapch banks now in operation.

6. Exhibit "N", a condensed statement showing the disposition of banks during the year 1947.

7. Exhibit "0", a list of banks that are members of the federal Reserve System.

8. Exhibit "P", a list of Small Loan Companies under the supervision of the Superintendent of Banks during the year 1947, and Exhibit "Q", a list of Credit Unions as of December 31, 1947.

IV

DEPARTMENT OF BANKING

9. Exhibit "R", abstract of reports showing condition of 273 banks and 7 branches as of December 31, 1947, with a comparative statement of 267 banks and 7 branches as of December 31, 1946.
10. Exhibit "S", Classification of Banks by Capitalization as of December 31, 1947.
11. Exhibit "T", Superintendents of Banks, Department of Banking, State of Georgia, from 1919 to date.
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, 1947. 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, 0. G. JACKSON,
Superintendent of Banks.

TWENTY-EIGHTH ANNUAL REPORT

v

E"hibit "A,.

Department of Banking, State of Georgia

DECEMBER 31, 1947

0. G. JACKSON, Superintendent of Banks

SENIOR EXAMINERS Name and Address

Salary

R. P. Balkcom, Jr., Reidsville __________________________________ $300.00

J. B. Brown, Vidalia__________________________________________ 300.00

C. C. Cunningham, Atlanta____________________________________ 300.00

T. W. Marshall, East PoinL--------------------~--------------- 300.00 J. A. Wurst, Thomasville______________________________________ 300.00

CREDIT UNIONS W. C. Thompson, Decatur_____________________________________ $300.00 Alex B. Rogers, Atlanta_______________________________________ 275.00

JUNIOR EXAMINERS J. L. Adams, Thomasville______________________________________ $275.00 W. M. Jackson, Atlanta________________________________________ 275.00 I. M. Starr, Jr., Lithonia______________________________________ 275.00

OFFICE ASSISTANTS
Mrs. D. L. Blanton, Secretary---------------------------------- $235.00 Myrtis Hawkins, Secretary------------------------------------- 235.00 Mrs. Evelyn Jones, Bookkeeper--------------------------------- 235.00

Looney Arnold, Porter----------------------------------------- $ 90.00

VI

DEPARTMENT OF BANKING

Exhibit "B"

Department of Banking, State of Georgia

RECEIPTS

RECEIPTS AND DISBURSEMENTS 1947

Balance January 1, 1947_______________________________$ 1,128.38 Received from Appropriation ___________________________ 73,597.89

Miscellaneous Income ---------------------------------

5.00

$74,731.27

DISBURSEMENTS
Superintendent's Salary-------------------------------$ 8,086.54 Traveling Expenses, Superintendent ____________________ 468.73 Office Assistants' Salaries______________________________ 9,579.50 Examiners' Salaries___________________________________ 33,139.95 Examiners' Expenses, Traveling________________________ 15,537.58
Printing and Publicity--------------------------------- 2,154.70 Office Supplies---------------------------------------- 674.15 Miscellaneous Office Expenses__________________________ 2,735.52
$72,376.67 Balance December 31,1947---------------------------------------$ 2,354.60

TWENTY-EIGHTH ANNUAL REPORT

VII

Exhibit "C"

APPLICATIONS FOR CHARTER APPROVED

NAME OF BANK

LOCATION

APPROVED

Peoples Banking Company__________________ Boston_______________ _ 1-23-1947 The Peoples Bank__________________________ Butler----------------- 3-13-1947 The State Bank of Leesburg________________ Leesburg______________ 3-24-1947 The Carver Savings Bank__________________ Savannah _____________ _ 4-28-1947 The Camden County State Bank____________ Woodbine_____________ _ 6-23-1947 Rochelle State Bank_______________________ Rochelle______________ _ 6-30-1947 Williams Banking Company----------------- Rhine_________________ 8- 1-1947 Farmers and Merchants Bank_______________ Manchester___________ _ 10- 1-1947 The Peoples Bank__________________________ Crawfordville_________ _ 11-24-1947 The Central Bank__________________________ Port Wentworth_______ _ 11-28-1947 Farmers and Merchants Bank_______________ AdeL ________________ _ 12- :l-1947 The Cartersville Bank______________________ Cartersville___________ _ 12- 5-1947

Exhibit "D"

I APPROVAL OF REVIVAL AND RENEWAL OF CHARTER

NAME OF BANK

LOCATION 1--D_A_T_E_o_F_C_H_A_R_T_ ER _ _A_P_PR_o_v_E_D _

Bank of Alapaha____________ Alapaha______

3-4-1905

1-27-1947

APPROVAL OF RENEWAL OF CHARTER

Exhibit "E"

NAME OF BANK

\ LocATION 1--D_A_T_E_O_F_C_H_A_RT__ ER _ _A_P_PR_O__ VED_

Baxley State Bank___________ Baxley________

8-23-1917

7-24-1947

PERMITS TO BEGIN BUSINESS

Exhibit "F"

NAME OF BANK

LOCATION

DeKalb State Bank_______________ Doraville_______________ _ Peoples Banking Company_________ Boston_________________ _ Williams Banking Company_______ Rhine _________________ _ The Carver Savings Bank_________ Savannah______________ _
Bank of Temple ------------------ Temple________________ _ Rochelle State Bank -------------- Rochelle_______________ _ State Bank of Leesburg___________ Leesburg______________ _

BEGAN BUSINESS
1-16-1947 3-24-1947 10- 1-1947 6- 4-1947 7- 1-1947 8- 1-1947 12- 1-1947

Exhibit "G" APPLICATION TO ACQUIRE TRUST POWERS APPROVED

VIII

DEPARTMENT OF BANKING

Exhibit "H" APPLICATIONS TO INCREASE CAPITAL STOCK APPROVED

NAME OF BANK

LoCATION

The Commercial Bank______ Crawford_____ Citizens and Southern Bank_ LaGrange ____ The Citizens Bank _________ Nashville _____
Citizens Bank and Trust Co._ Bainbridge____ South Side Atlanta Bank ___ Atlanta______ Citizens Bank______________ Colquitt_ _____ Planters and Citizens Bank__ Camilla_______ Baxley State Bank _________ Baxley_______ Alma Exchange Bank______ Alma_________ The Bank of Soperton______ Soperton______ East Atlanta Bank_________ Atlanta_______
Bank of Union Point_______ Union Point__ The Claxton Bank__________ Claxton_______ Bank of Lenox _____________ Lenox ________

APPROVED
1-27-1947 1-27-1947 1-27-1947 2- 7-1947 2- 7-1947 3- 6-1947 5- 9-1947 9-12-1947 11-17-1947 11-17-1947 12- 3-1947 12-17-1947 12-17-1947 12-17-1947

AMOUNT OF INCREASE
$ 22,500.00 to $ 30,000.00 100,000.00 to 200,000.00 25,000.00 to 50,000.00 75,000.00 to 100,000.00 25,000.00 to 50,000.00 25,000.00 to 40,000.00 25,000.00 to 40,000.00 25,000.00 to 75,000.00 25,000.00 to 50,000.00 25,000.00 to 50,000.00 75,000.00 to 100,000.00 25,000.00 to 50,000.00 25,000.00 to 50,000.00 25,000.00 to 50,000.00

APPLICATIONS FOR CHARTER DISAPPROVED

Exhibit "I"

NAME OF BANK

LOCATION

DISAPPROVED

The Camden County State Bank__________ Woodbine_______________ _ 4-28-1947 Citizens and Southern Bank______________ Buckhead_______________ _ 7-15-1947 The Peach County Bank_________________ Fort Valley_____________ _ 8- 1-1947

APPROVAL OF SURRENDER OF CHARTER

NAME OF BANK

LOCATION

Shadburn Banking Company _____________ Buford_________________ _ Commercial Bank ----------------------- East Point______________ _ Farmers and Merchants Bank____________ Junction City___________ _

Exhibit "]"
DATE 3- 6-1947 6-11-1947 10-28-1947

APPLICATIONS TO CHANGE NAME

NAME OF BANK

LOCATION

To BE KNOWN AS

Northwest Atlanta Bank

(Branch of the Bank of

The Bank of Atlanta

Atlanta) ________________ Atlanta ______ (Northwest Branch) ___

Brice Banking Company____ Vidalia ______ Vidalia Banking Company

Exhibit "K" APPROVED
3- 4-1947 9-22-1947

BANKS IN VOLUNTARY LIQUIDATION December 31, 1947

Exhibit "L"

NAME OF BANK

LOCATION

DATE

Atlanta Trust Company_______________ Atlanta ______________ _ December 11, 1929 Merchants Trust Company_____________ Valdosta _____________ _ January 30, 1931 Bank of Statham_____________________ Statham-------------- December 31, 1931 Newnan Bank & Trust Co. _____________ Newnan _______________ May 11, 1932 Citizens Bank________________________ Tallapoosa ___________ _ March 14, 1938 Farmers & Merchants Bank___________ Junction City________ _ August 29, 1946

TWENTY-EIGHTH ANNUAL REPORT

IX

BRANCH BANKS AS OF DECEMBER 31, 1947

Exhibit "M"

NAME OF BRANCH

LOCATION

NAME OF PARENT

LocATION

Northwest Atlanta Bank ______ Atlanta ____ The Bank of Atlanta ______ Atlanta

Georgia Railroad Bk. & Trust

Georgia Railroad Bank &

Co., 1111 Broad Street______ Augusta ___ Trust Co. _______________ Augusta

Columbus Bank & Trust Co., 14th 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________________ DemoresL __ Cornelia Bank ____________ Cornelia Citizens Bank ________________ Nahunta ___ Citizens Bank_____________ Folkston

Exhibit "N" DISPOSITION OF BANKS IN GEORGIA DURING YEAR 1947

Banks in Operation January 1, 1947 ___________ _ Banks in Operation December 31, 1947________ _
Increase During Year____________________ 7

Banks 267 273

Branches 7 7

Decrease During Year-------------------- 1

Netincrease_________________________ 6

New Banks ___________ ----------------------- 7 Peoples Banking Company, Boston DeKalb State Bank, Doraville State Bank of Leesburg, Leesburg Williams Banking Company, Rhine Rochelle State Bank, Rochelle The Carver Savings Bank, Savannah Bank of Temple, Temple
Banks Nationalized -------------------------- 1 East Point Commercial Bank, East Point
Net Increase Shown Above____________________ 6

Exhibit "0" STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM Bank of Adairsville ________________________________________________Adairsville
Trust Company of Georgia_________________________________________ Atlanta Georgia Railroad Bank & Trust Company____________________________Augusta Citizens Bank & Trust Company_____________________________________Bainbridge Blackshear Bank___________________________________________________Blackshear
Columbus Bank & Trust Company ___________________________________Columbus Merchants & Mechanics Bank_______________________________________Columbus Citizens Bank _____________________________________________________Colquitt
Northeastern Banking Company ____________________________________ Commerce DeKalb State Bank ________________________________________________Doraville
Brand Banking Company___________________________________________ Lawrenceville
Farmers Bank-----------------------------------------------------~onroe Citizens Bank & Trust Company_____________________________________Savannah
Savannah Bank & Trust Company__________________________________Savannah

X

DEPARTMENT OF BANKING

SMALL WAN COMPANIES

Exhibit "P"

NAME OF COMPANY

LOCATION

LICENSE ISSUED

Commercial Credit Corporation ---------------- Albany_________ _ Commercial Credit Corporation ---------------- Augusta________ _ Commercial Credit Corporation ---------------- Savannah_______ _ Georgia Finance, Inc. _________________________ Atlanta _________ _ The Master Loan Service, Inc. ________________ _ Atlanta _________ Metro Finance Company ---------------------- Atlanta _________ _ Cornelia Loan & Investment Co. _______________ _ Cornelia ________ _

1- 1-1947 1- 1-1947 1- 1-1947 1- 1-1947 1- 1-1947 2- 1-1947 6-17-1947

STATE CHARTERED CREDIT UNIONS IN GEORGIA AS OF DECEMBER 31, 1947
ALBANY Federal Employees, % Postoffice. The Herald, % Albany Herald. Keenan, % Keenan Co.

Exhibit "Q"

ATHENS Athens Division, % Georgia Power Co.

ATLANTA Apaco, 225 Moore St. Armour Fertilizer Works, 350 Hurt Bldg. Arrow, 2022 Murphy Ave., S.W. City Employees, % City Hall. Atlanta Co-Op. Credit Ass'n, 61 Peachtree St. Atlanta Firemen's, 166 Alabama St., S.W. Atlanta Joint Terminals, 106 Carroll St., S.E. Atlanta Journal Employees, % Atlanta Journal Bldg. Atlanta Postal, 302 Federal Annex Bldg. Atlanta Railway Postal Clerks, 420 Federal Annex Bldg. Atlanta Savings Stores, 659 W. Whitehall St., S.W. Atlanta Teachers Association, 9th Floor City Hall. Atlantic Steel, P. 0. Box 1714. Ben Franklin, 1600 Healey Bldg. Calvert Iron, 1195 Victory Drive, S.W. Circle "W", 1299 Northside Drive, N.W. Coloni.al Stores Employees, 682 Whitehall St., S.W. Constitution Employees, Atlanta Constitution Bldg. Delta .Employees, Candler Field. Employment Service, 79 Marietta St., N.W. Essell, 1197 Peachtree St. F. D. and L., % Foote and Davies Co., 1090 Capitol Ave., S.E. Federal Employees, 6th Floor Old P. 0. Bldg. Fulton County Employees, % Courthouse. Fulton Teachers, 524 Courthouse. General Shoe Credit Ass'n, 16 Yonge St.

TWENTY-EIGHTH ANNUAL REPORT

XI

ATLANTA-(Continued)
Genuine Parts, 457 W. Peachtree St. Georgia B.U.C., 6th Floor State Office Bldg. Georgia League, P. 0. Box 2044. Georgia Standard Oil Employees, P. 0. Box 4719. Georgia Telco, 28 Auburn Ave., N.E. Georgia-W. P. Gen. Office, 4 Hunter St., S.E. Gesco, 172 Haynes St., S.W. Hospital Authority Employees, % Grady Hospital. Kline Employees, 91 Whitehall St. Kraft Employees, 890 Memorial Drive, S.E. Merchants Mutual Credit Corporation, 93 Pryor St., S.W. Metro, 198 Luckie St., N.W. Mutual Savings, 243 Peachtree St., N.E. Orange Disc, % Gulf Oil Corp., 6th Floor Hurt Bldg. R.E.A. Employees, 325 Mitchell St., S.W. Regenstein Employees, 80 Whitehall an<t 209 Peachtree Sts. Rich's Employees, % Rich's, Inc. Ruralist Press, 713 Glenn St., S.W. S.M.C.R.C., 873 Spring St., N.W. S.F.T.B. Employees, 101 Marietta St. Bldg. Seaboard Employees of Atlanta, Route 10, Box 384. Sexton Atlanta Employees, 715 W. Whitehall St., S.W. Southern Spring Bed, 290 Hunter St., S.E. Stein Printing, 161 Lu11.kie St., N.W. Swift Atlanta Employees, 33 Hunter St., S.W. The Thrift, 125 Spring St., S.W. University Center, 24 Ivy St., S.E. Wofford, 140 Spring St., S.W.
AUGUSTA Federal Employees, % Postoffice. Fire Department, Walton Way and 15th St. Police, % Police Headquarters. Georgia Railroad Employees, % Georgia Railroad. King Mill, % King Mill, Googrich St.
CARROLLTON Carroll County Teachers, % Courthouse.
CHAMBLEE DeKalb County Teachers, % Miss Addie Wright.
COLUMBUS Postal Employees, % Postoffice.
CORDELE Harris F. and M. Employees, % Harris Foundry and Mch. Works.
EAST POINT Municipal Employees, % City Hall. Tri-Ci~y Postal, % Postoffice.

XII

DEPARTMENT OF BANKING

MACON Federal Employees, % Postoffice. Firemen, % Fire Department. Hapgrade, Broadway at Pine. Textiles, Inc., 46 Lake St. P. and G. Macon E~ployees, Hazel and Hammond Sts. R.E.A. Employees, % Railway Express Agency. Union, 417 Cherry St.
MORVEN The Citizens.
MOULTRIE Swift Moultrie Employees, % Swift and Co.
PLAINS Sumter County Teachers.
ROME Floyd County Postal Employees, % Postoffice.
SAVANNAH Central Employees, % Central of Georgia Railway. Chatham County Schools, 208 Bull St. Merchants, P. 0. Box 1717. Savannah and Atlanta Rwy. Empleyees, P. 0. Box 1491. Savannah Electric and Power Employees, 27 W. Bay St. Savannah Federal Employees, % Engineers' Office, Ga. State Bldg Savannah Transit, Harmon and Gwinnett Sts. Scoco Employees, % Southern Cotton Oil Co. Seaboard Employees, 104 Union Station.
THOMASTON Silvertown, % Martha Mills.
TIFTON Tift County Postal Employees, % Postoffice.
VALDOSTA Postal, % Postoffice.
INACTIVE CREDIT UNIONS Hodges, Albany. Armour, Atlanta, 14 Brady Ave., N.W. Dortch Bakery, Atlanta, 505 W. Whitehall St., S.W. State Welfare, % State Office Bldg. Yancey Employees, 634 Whitehall St., S.W.
CREDIT UNIONS IN VOLUNTARY LIQUIDATION Dinkier Employees, % Ansley Hotel. Lane Employees, 477 Peachtree St. Wage-Hour, 6th Floor Silvey Bldg.
CREDIT UNIONS IN INVOLUNTARY LIQUIDATION Firemen's, Athens. Canco, 51-A, Atlanta. Pullman Shop Employees, Atlanta.

TWENTY-EIGHTH ANNUAL REPORT

XIII

Exhibit "R"

Department of Banking, State of Georgia

ATLANTA

ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1947

(With Comparative Statement as of December 31, 1946)

273 Banks and 7

ASSETS

Branches as of Dec. 31, 1947

Cash, balances with other banks, inc. reserve bal-

ances, and cash items in process of collection ___ $201,913,268.87

U. S. Government obligations, direct and guar-

anteed ------------------------------------Obligations of states and political subdivisions___ Other bonds, notes and debentures_____________ _
Corporate stocks, inc. stock of Federal Reserve

292,086,028.64 16,646,057.60 3,290,351.51

Bank -------------------------------------Loans and discounts (including overdrafts) ____ _ Bank premises and furniture and fixtures ______ _ Real estate owned other than bank premises___ _ Investments and other assets indirectly repre-
senting bank premises or other real estate____ Customers' liability to this bank on acceptances

959,826.02* 248,686,370.75
5,409,292.65 168,483.05
30,217.04*

outstanding -------------------------------Other assets ----------------------------------

28,313.14 1,913,504.10

267 Banks and 7 Branches as of Dec. 31, 1946
$206,203,677.7 4
321,382,413.98 11,941,7 49.98
3,930,396.34
211,873,707.14 5,100,812.41 283,655.97
98,297.16 1,488, 720.21

TOTAL ASSETS _______________________ $771,131,713.37 $762,303,430.93

LIABILITIES

Demand deposits ----------------------------- $477,770,149.78

Time deposits of individuals, partnerships and

corporations ------------------------------- 147,538,168.66

Deposits of U. S. Gov't (inc. postal savings) __ 4,959,421.78 *

Deposits of states and political subdivisions_____ _ 41,294,797.22* Deposits of banks____________________________ _ 36,771,767.53

Other deposits (certified and officers' checks, etc.) 4,514,644.60

Bills payable, rediscounts, and other liabilities for

borrowed money ----------------------------

810,864.02

Acceptances executed by or for account of this bank and outstanding_______________________ _
Other liabijities______________________________ _
Debenture~-----------------------------------

28,313.14 5,850,114.03
209,175.00

Capital -------------------------------------- 17,543,500.00 Surplus -------------------------------------- 20,388,989.97

Undivided profits ----------------------------- 9,350,128.97

Reserve -------------------------------------- 4,101,678.67

$519,425,659.18
142,325,101.77
41,691,404.27 4,708,523.16
1,004,143.12
98,297.16 1,873,559.86
301,675.00 16,996,000.00 18,649,376.14
7 '700,981.81 7,528,709.46

TOTAL LIABILITIES------------------ $771,131,713.37 $762,303,430.93

*Consolidated with other !terns in 1946 statement.

XIV

DEPARTMENT OF BANKING

Number of Banks
28 1 2
105 1
10 4 7
63 1 1 3 1 1
26 1 1 3 1 5 1 1 1 2 1 1 1

CLASSIFICATION OF BANKS BY CAPITALIZATION AS OF DECEMBER 31, 1947

Exhibit "S"

Capital
$ 15,000.00 18,000.00 20,000.00 25,000.00 28,000.00 30,000.00 35,000.00 40,000.00 50,000.00 55,000.00 62,500.00 75,000.00 80,000.00 85,000.00 100,000.00 110,000.00 125,000.00 150,000.00 175,000.00 200,000.00 250,000.00 325,000.00 400,000.00 500,000.00 750,000.00 850,000.00
2,000,000.00

Total Capital
$ 420,000.00 18,000.00 40,000.00
2,625,000.00 28,000.00
300,000.00 140,000.00 280,000.00 3,150,000.00
55,000.00 62,500.00 225,000.00 80,000.00 85,000.00 2,600,000.00 110,000.00 125,000.00 450,000.00 175,000.00 1,000,000.00 250,000.00 325,000.00 400,000.00 1,000,000.00 750,000.00 850,000.00 2,000,000.00

Total Resources
$ 21,442,802.05 542,256.71
1,044,967.26 110,880,584.92
1,177,166.48 11,400,773.80 3,408,117.26 15,112,017.24 151,363,549.82
470,437.36 1,504,182.60 7,140,186.70 2,130,853.53 5,394,047.20 97,748,312.24 7,106,559.17 2,675,439.01 25,022,302.40 5,400,796.18 51,664,173.54 9,658,278.77 6,446,028.82 11,942,954.09 41,382,139.22 28,099,263.90 34,128,258.99 116,845,264.11

Exhibit "T"

SUPERINTENDENTS OF BANKS, DEPARTMENT OF BANKING STATE OF GEORGIA

Date of

Date Service

No. Name

Appointment

Ended

1 T. R. Bennett_ _________________ November 17, 1919 January 1, 1927

2 A. B. Mobley__________________ January 1, 1927

September 24, 1931

3 W. J. Davis------------------- September 24, 1931 January 1, 1932

4 R. E. Gormley_________________ January 1, 1932

October 6, 1936

5 R. R. Tippins __________________ October 6, 1936

January 11, 1937

6 John C. Beasley _______________ January 11, 1937

January 25, 1937

7 R. E. Gormley_________________ January 25, 1937

January 1, 1940

8 C. B. Golsan, Acting Supt.______ January 1, 1940 9 John C. Beasley _______________ January 14, 1941 10 0. G. Jackson _________________ March 22, 1947

January 14, 1941 March 21, 1947

TWENTY-EIGHTH ANNUAL REPORT

1

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks.

F. C. MILLS, President.
Date of Charter: 10-31-1905

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

ASSETS

Cash, balances with other banks, including reserve balances~ and cash

items in process of collection........ $ United States Government obliga-

tions. direct and guaranteed.......... Obliga!i~n.s of States and political

subdiVISlOllS ........................................

Other bonds, notes, and debentures..

Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (inc Iu ding

overdrafts) ------ --------------------------Bank premises owned, furniture and

fixtures

___

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

Real estate owned other than bank

premises ------------------- Investments and other assets indi-
rectly representing bank premises

or other real estate ............................

Customers' liability to this bank on

acceptances outstanding..................

Other assets..............

Total Assets _________________________________ $

351,570.42 600,500.00
1,50~.00
NonE None 237,694.88 3,020.14 None
None None 1,858.07 1,196,103.51

Demand deposits___L___I_A____B__I__L__I__T__I__E___S_______ $ Time deposits __________________________________________
Deposits of U. S. Government ________ DeJ;o~i! of States and political snb-
divtstons -------- ........................... Deposits of banks...... --------------------Other deposits (certified and officers'
checks, etc.)----------Bills payable----------------------------------------Acceptances executed by or for
account of this bank and out-
standing ------------------------Other liabilities..................-----------------Capital ---------------------------------------------------
Surplus ---------Undivided profits..................
Reserves ----------------------------------------------

871,025.28 250,881.13
None
1,370.00 None
699.07 None
None None 25,000.00 10,000.00 34,608.01 2,520.02

Total Liabilities------------------------ $ 1,196,103.51

STATEMENT

Showing condition at the close of business December 31, 1947, of
BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks.

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

.T. F. KIMSEY.
Cashier. Began Business: 3-24-1899

ASSETS
Cash, balances with other banks, including reserve balance, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed ..
Obliga!i~n.s of States and political
subdiVISIOns ------------ Other bonds, notes, and debentures__ Corporate stocks (including stock of
Federal Reserve Bank) ----------------Loans and discounts (including
overdrafts) ------------------------------Bank premises owned, furniture and
fixtnres --------------------------------------Real estate owned other than bank
premises ----------------------------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding..................
Other assets.............. ---

342,361.00 543,000.00
2,000.00 None
1,500.00 294,315.56
400.00 None
None None None

Total Assets.................................. $ 1,183,576.56

LIABILITIES
~f::::nd~p~~y;:,.si_ts_::::-:::::.:~_:::-:::~_:-_-:-_:~=:-::::. $
Deposits of U. S. Government..._____ Deposits of States and political
subdivisions ---------------------Deposits of banks.................................. Other deposits (certified and offi-
B;'I~r~a~~bl:~: __e~~L::::.:::::::::::::::::::_:::::.
Acceptances executed by or for account of this bank and out-
standing ------------ Other liabilities...................................... Capital -------------------------------------------Surplus --------- Undivided profits....................................
Reserves -------

728,036.19 307,403.47
None
71,556.73 None
5,410.63 None
None None 25,000.00 25,000.00 21,169.54 None

Total Liabilities________________________ $ 1,183.576.56

2

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

ADEL BANKING COMPANY Adel, Ga.

As called for by the Superintendent of Banks.

A. L. PARRISH, President.
Date of Charter: 2-27-1929

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

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash item in process of collection........ $ United States Government obligations, direct and guaranteed........
Obliga!i'!n.s of States and political
subdivisiOns ---------Other bonds, note11, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ... ---------- Bank premises owned, furniture and
fixtures -------------------------Real estate owned other than bank
premises -------------------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances ~outstanding.................. Other assets..............................................

450,480.33 685,500.00
None None None 645,731.04 2,654.74 None
None None 2,983.61

Total Assets.................................... $ 1,787,349.72

LIABILITIES Demand deposits ___________________________________ $ Time deposits _______________________________________
Deposits of U. S. Government __________ Deposi~. _of States and political
SubdiVlSIODS .......................................
Deposits of Banks ____ --------------------------Other deposits (certified and offiBilclesi-ps'aycahbelcek_s__,___e__t_c__._)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
standing . ------ Other liabilities...................................... Capital ------------------------------------------------Surplus ----------- Undivided profits....................................
Reserves -----

1,522,665.34 32,416.41 6,132.18
57,551.76 18.313.56
929.30 None
None 4,000.00 50,000.00 50,000.00 30,023.42 15,317.75

Total Liabilities_---------------------------- $ 1,787,349.72

STATEMENT

Showing condition at the close of business December 31, 1947, of

MONTGOMERY COUNTY BANK Ailey, Ga.

As called for by the Superintendent of Banks.

W. J. PETERSON,
President. Date of Charter: 2-24-1926

MISS MARY SMITH,
Cashier. Began Business: 3-1-1926

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga!o!'~ of States and political
subdiVISlODS .......................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ......--- Loans and discounts (including
overdrafts) ------ Baannkd pfirxetmuriesess______o__w___n__e__d__,_____f__u__r__n__i_t__u__r__e_
Real estate owned other than bank
premises ------------------------ Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets ..............................................
Total Assets.................................... $

123,138.99 303,000.00
3,000.00 None None
64,454.96 1.00
2,250.00
None None 4,275.96 500,120.91

Demand deposits___L___I_A___B___I_L__I__T__I__E__S_______ $ Time deposits ___________________________________
Deposits of U. S. Government_______ Deposi~. _of States and political
subdiVIBIODS ........................................ Deposits of banks.................................. Other deposits (certified and offi-
Billsr~:;:bfes,_~~-L:::_::::::::::::_:::::=::::_:
Acceptances executed by or for account of this bank and out-
standing -Other liabilities......................................
Capital -------------------------------------------Surplus .................................................... Undivided profits.................................... Reserves ..................................................

423,736.46 5,484.41 None
20,091.19 3,023.94
21,719.92 None
None None 15,000.00 7,500.00 2,250.00 1,315.00

Total Liabilities------------------------ $ 500,120.91

TWENTY-EIGHTH ANNUAL REPORT

3

STATEMENT

Showing condition at the close of business December 31, 1947, of

WHEELER COUNTY STATE BANK Alamo, Ga.

As called for by the Superintendent of Banks.

C. M. JORDAN, President.
Date of Charter: 1-15-1945

J. F. NICHOLSON, Cashier.
Began Business: 1-17-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed..........
Ob!iga!i'?n.s of States and political

subdlVlSIOUS ------------
Other bonds, notes, and debentures.. Corporate stocks (including stock of

Federal Reserve Bank)---------- Loans and discounts (including

overdrafts) --------------------------------------Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises -----------------------------------Investments and other assets indi-

rectly representing bank premises

or othe-r real estate..........................

Customers' Jiabi]ity to this bank on

acceptances outstanding..................

Other assets...........

Total Assets... __ .............................. $

61,728.70 221,939.69
None None None 91,318.44 1,010.57 None
None None 274.23 376,271.63

Demand

LIABILITIES deposits ____________________________________

$

Time deposits __________________________________________

Deposits of U. S. Government _______

Deposits of States and political

subdivisions

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

Deposits of banks......... ..

Other deposits (certified and offi-

B icl lesr sp'a ycahbe lcek_s__,____e__t_c__._)___._._._._._._._._._.__._._._._._._._._._._._._._._._._. .

Acce-ptances executed by or for account of this bank and outstanding ...
Other liabilities ......... Capital Surplus Undivided profits......
Reserves --------------------------- ---------------------

321,707.81 None
1, 796.25
13,699.61 None
880.82 None
None None 25,000.00 5,000.00 4,167.33 4,019.81

Total Liabilities.---------------------------- $ 376,271.63

STATEMENT

Showing condition at the close of ,business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed...... ____ Ob!iga!i'?~s of States and political subdiVISIOnS ........................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)....................
Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ---------------------------------~--------------Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises
or other real estate.......................... Customers' liability to this bank on
acceptances outstanding.................. Other assets............................................

272,621.21 522,367.67
4,575.06 None None
515,396.83 1,654.53 240.00
None None None

Total Assets .................................... $ 1,316,855.30

LIABILITIES Demand deposits_ ---------------------------------- $ Time deposits ----------------------------------------Deposits of U. S. Government _________ Deposits of States and political
subdivisions .. ------ Deposits of banks .................................. Other deposits (certified and offiBicllesrap'aycahbelcek_s__,___e__t__c__._)__._._._._._._._._._._._._._.________________
Acceptances execute-d by or for account of this bank and outstanding ............................................ ..
Other liabilities...................................... Capital --------------------------------------------------Surplus .......................................... Undivided profits........................
Reserves --------------------------------------------------

755,025.58 274,096.52
965.00
96,758.64 49,208.00
3,458.32 None
None 13.400.00 30,000.00 50,000.00 36,216.53
7,726.71

Total Liabilities______________________________ $ 1,316,865.30

4

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

ALBANY TRUST & BANKING COMPANY Albany, Ga.

As called for by the Superintendent of Banks.

C. L. NEWMAN, President.
Date of Charter: 6-13-1905

W. H. BURT,
Cashier. Began Business: 6-1905

ASSETS Cash. balances with other banks, in-
cluding reserve balance, and cash items in process of collection........ $

United States Government obligations, direct and guaranteed..........
Obligations of States and political

subdivisions --------- Other bonds, notes. and debentures.. Corporate stocks (including stock of

Federal Reserve Bank) ....................
Loans and discounts (including overdrafts) ........................................

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ----------------Investments and other assets indi-
rectlY' representing bank premises

or other real estate..........................

Customers' liability to this bank on acceptances outstanding..................

Other assets...........................................

Total Assets ................................. $

79,934.27 None None None None
873,417.92 18,747.68 None
None None 275.40 972,375.27

LIABILITIES

Demand deposits ...-------------------- $

Time deposits __ ------------------------------------Deposits of U. S. Government________

Deposi~s . .of States and political SubdiVlSlODS ........................................

Deposits of banks..................................

Other deposits (certified and offi-

cers' checks, etc.) ..........

Bills payable.____ ----------------------------Acceptances executed by or for

account of this bank and out.

standing -------------------------Other liabilities......................................

Capital Surplus

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

Undivided profits..................................

Reserves ----------------------------------------------- $

None 619,825.38
None
None None
None None
None 159,370.36 100,000.00
50,000.00 43,179.53 972,375.27

Total Liabilities --

972,375.27

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

J. A. REDFERN, President.
Date of Charter: 3-9-42

L. M. JORDAN,
Cashier. Began Business: 4-15-42

ASSETS

Case, balances with other banks, in-

cluding reserve balance, and cash

items in process of collection........ $

United States Government obliga-

tions, direct and guaranteed..........

Obliga~i<;":s of States and political

SUbdiVISIOnS ..... -------- ....... Other bond3, notes, and debentures..

Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts) ......................................

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ---------------- Investments and other assets indi

rectly representing bank premises

or other real estate.........

Customers" liability to this bank on

acceptances outstanding_

Other assets....

842,359.88 704,741.08
None None None 1,248,615.77 28,476.79 None
None None 6,425.67

Total Assets................................... $ 2,830,619.19

LIABILITIES

Demand deposits.----------------------- $ Time deposits______----------------..-----Deposits of U. S. Government_________

Deposits of States and political

subdivisions ......... ----------- Deposits of banks..................................

Other deposits (certified and offi-

cers' checks1 etc.) .............................. Bills payable-----------------------------------Acceptances executed by or for

account of this bank and out-

standing ...

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

Other liabilities .....................

Debentures ---- ----------------------Capital ...................................

Surplus

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

Undivided profits.................................

Reserves ................... .........................

1,827,865.47 636,872.86 26,230.65
111,454.14 10,000.00
14,232.15 None
None 10,819.15 65,000.00 50,000.00 35,000.00 28,046.11 15,098.66

Total Liabilities-------------------- $ 2,830,619.19

TWENTY-EIGHTH ANNUAL REPORT

5

STATEMENT Showing condition at the close of business December 31, 1947, of
THE CITIZENS & SOUTHERN BANK OF ALBANY Albany, Ga.
As called for by the Superintendent of Banks.

LANSING B. MAYS,
President. Date of Charter: 5-6-1943

HOYT D. EDGE, Cashier.
Began Business: 6-1-1943

ASSETS

Cash, balances with other banks, in.

eluding reserve balance. and cash

items in process of collection ________ $

United States Government obliga.

tions, direct and guaranteed.---------

Obliga~i?~s of States and political

subdiVISIOns ---------------------------............

Other bonds, notes, and debentures..

Corporate stocks (including stock of

Federal Reserve Bank)_

Loans and discounts (including

overdrafts) ----------------------

____

Bank premises owned~ furniture and

fixtures ---------------------------------------------

Real estate owned other than bank

premises ------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate.......

.......

Customers' liability to this bank on

acceptances outstanding..................

Other assets............................................

1,545,076.06 4,120,237.39
305,292.55 44,997.12 None
3,446,117.82 181,7 45.86 None
None None 14,811.97

Total Assets................................... $ 9,658,278.77

LIABILITIES Demand deposits.................................... $ Time deposits _______________________________________
Deposits of U. S. Government.......... Deposi~s. .of States and political
subdiVIBlODS ................................
Deposits of banks ......-...............__.......... Other deposits (certified and offiB i cl lesr ps 'a ycahbelcek_s__,___e__t_c__._)__._._._.._._._._._._._._._.._._._._._._._._._.._._._.. .
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ....................................._.. Capital .................................................... Surplus ...................................-................ Undivided profits..___.........................-.....
Reserves .----------------------------------------------

6,252,502.42 1,805,559.21
51,124.22
339,571.51 630,509.38
24,180.15 None
None 82,037.77 250,000.00 125,000.00 58,680.17 39,113.94

Total Liabilities............................. $ 9,658,278.77

STATEMENT

Showing condition at the close of business December 31, 1947, of

FIRST STATE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

J. T. HALEY, President.
Date of Charter: 5-3-1943

J. H. GLENN, JR.
Cashier. Began Business: 6-1-1943

ASSETS
Cash, balances with other banks, including reserve balance, and cash items in process of collection........ $
United States Government obliga. tiona, direct and guaranteed............
Obliga~i'?n.s of States and political subdiViSIOns ........................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ..........----...... Loans and discounts (including
overdrafts) .......____________________________,___
Bank premises owned, furniture and fixtures _______..____________________________..........
Real estate owned other than bank
premises -------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets..............................................

2,167,674.23 4,174,015.14
363,542.75 380.00 None
4,967,049.10 45,049.40
None
None None 150.00

Total Assets.........-.......................... $ 11,717,860.62

LIABILITIES TDiemmeanddepdoespitoss__i_t_s_._._.._._._._.._._-__._._._.-_-__-_-_-_-_-_-_-_-_-_-_-_- $
Deposits of U. S. Government.......... Deposits of States and political
subdivisions ........................................ Deposits of banks ..........._.................... Other deposits (certified and offi-
cers' checks, etc.) .............................. Bills payable___________............................. Acceptances executed by or for
account of this bank and outstanding ..................._.......................... Other liabilities__.................................... Capital ......................- ........................... Surplus ......____, ..........-......._..................... Undivided profits....................................
Reserves ---------------------------------------------

6,470,045. 72 1,825,244.03
110,403.56
653,766.62 2,040,369.59
18,778.20 None
None 72,894.23 150,000.00 250,000.00 90,008.60 36,350.07

Total Liabilities....................-------- $ 11,717,860.62

6

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FOUR COUNTY BANK Allentown, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed............ Obliga!i~n.s of States and political
subdiVlSIODS .....................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding.................. Other l!ssets............................................

584,228.51 594,000.00
None None None 160,759.89 4,565.00 None
None None None

Total Assets.................................... $ 1,343,553.40

LIABILITIES TDiemmeanddepdoepsoistist_~_-_-__~_-_-_-__~_-_-_-_~__~_-_-_-__-_-_-_~_~__-_-_-_-_-__~_-_-_-__~_-_-_-_$

Deposits of U. S. Government.~~~--~- Deposi?<. _oi States and political

SUbdiVlSlOllS ....................................
Deposits of bank~--- Other deposits (certified and offi-
cers' checks, etc.) ..............................

Bills payable-----------------------------------Acceptances executed by or for

account of this bank and out-

standing ..............................................

Other liabilities......................................

Capital ---~----------------------------------------------

Surplus

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

Undivided profits ...................................

Reserves -----------------------------------------------

1,001,563.10 174,879.28 20,208.00
58,018.22 20,226.66
1,027.03 None
None 5,585.97 25,000.00 6,000.00 31,045.14
None

Total Liabilities __ --~------~-------------- $ 1,343,553.40

STATEMENT Showing condition at the close of business December 31, 1947, 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: 10-14-1939

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obliga-
tions, direct and guaranteed........ Obliga~i~n.s of States and political
subdtvtstons ........................................
Other bonds, notes, and debentures..
Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) -------~------------------------------- Bank premises owned, furniture and
fixtures -------------~--------------------------------Real estate owned other than bank
premises ..............................................
Investments and other assets indirectly representing bank premises
or other real estate..........................
Customers' liability to thi bank on acceptances outstanding..................
Other assets..............................................

373,479.08 472,927.70
None None None 380,216.45 20,000.00 None
None None 12.50

Total Assets.................................... $ 1,246,635.73

LIABILITIES Demand deposits~----------------------------- $ Time deposits.. ------------------------------------Deposits of U. S. Government~~------- Deposi?<..of States and political
SUbdtVlSIOns ........................................ Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) .............................. Bills payable~---------------------------------------- Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities......................................
Capital ----------------------------------------------Surplus .................................................... Undivided profits.................................... Reserves ..................................................

848,325.05 113,265.00
None
183,462.81 None
1,582.87 None
None None 50,000.00 50,000.00 None None

Total Liabilities--------------------------$ 1,246,635. 73

TWENTY-EIGHTH ANNUAL REPORT

7

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'?~s of States and political
subdiVlSlODS .......................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) .......................................
Bank premises owned, furniture and
fixtures ---------------------------------------------Real estate owned other than bank
premises .............................................. Investments and other assets indi~
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

1,517,881.29 2,908,314.94
115,281.92 28,931.25 None
1,358,775.86 15,000.00 None
None None None

Demand

d

LIABILITIES eposits.._______________________

$

Time deposits ____________________________________

Deposits of U. S. Government............ Deposi0..of States and political
subdtVISlOnS ........................................ Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) .............................. Bills payable......................-----------------Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities......................................
Capital --------Surplus .................................................... Undivided profits....................................
Reserves -----------------------------------------------

3,571,832.27 1,143,049.02
57,170.76
409,914.48 232,501.71
18,326.15 None
None None 100,000.00 200,000.00 211,390.87 None

Total Liabilities.....------------- $ 5,944,185.26

STATEMENT

Showing condition at the close of business December 31, 1947, of CITIZENS BANK OF AMERICUS
. As called for by the Superintendent of Banks.

EVAN MATHIS, President.
Date of Charter: 2-20-1937

J. H. HARVEY, Cashier.
Began Business: 3-25-1937

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed.......... Obligati?n.s of States and political SUbdiVISIOnS ........................................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank). Loans and discounts (including overdrafts) .......... ............................ Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises -------------- lnvestments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

722,840.37 950,662.19 119,753.28
None None 1,772,394.15 20,923.68 None
None None None

Total Assets.................................... $ 3,586,573.67

LIABILITIES Demand deposits.....................___________ $
Time deposits --------------------------------------Deposits of U. S. Government ......... Deposi~s. _of States and political
subdiVISIOnS ........................................ Deposits of banks.................................. Other deposits (certified and offi-
Bill~r~a;~bl:~: .. ~~c:l_:::::::::::::::::::::::::::::
Acceptances executed by or for account of this bank and out-
standing -------------------- Other liabilities......................................
Capital ------Surplus .................................................... Undivided profits.................................. Reserves _____________ ---------------------------------

2,410.467.20 687,086.14 44,877.35
223,461.85 19,557.07
16,820.95 None
None 21,938.97 50,000.00 50,000.00 62,364.14
None

Total Liabilities ------- $ 3,586,573.67

8

DEPARTMENT OF BANKING

STATEMENT

S\towing condition at the close of business December 31, 1947, of

BOSTWICK BANKING COMPANY Arlington, Ga.

As called for by the Superintendent of Banks.

W. E. BOSTWICK, President.
Date of Charter: 8-27-35

CARL CLEMENTS,
Cashier. Began Business: 3-1-36

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed............ Ob!iga~i<;>~s of States and political
SubdlVlSlOTIS -----------
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ..................................______ Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises --------------------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets...........................................
Total Assets .................................... $

406,742.28 34,000.00 6,000.00 None Non-e
363,875.21 7,490.10 None
None None 3,949.44 822,057.03

LIABILITIES Demand deposits ___________________................ $ Time deposits _________________________________________

Deposits of U. S. Government............

Deposi!'S..of States and political

sUbdlVlSlOnS ........................ .

Deposits of banks..................................

Other deposits (certified and offi-

cers' checks, etc.) ..............................

Bills payable------------------------------------Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities......................................

Capital . ----.............._. -------------------------

Surplus .

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

Undivided profits....................................

Reserves -------------------------------------------------

704,647.92 39,128.54
6,651.25
14,910.51 None
None None
None 4,134.22 15,000.00 26,000.00 1,049.96 10,534.63

Total Liabilities ....-- ....................... $ 822,057.03

STATEMENT

Showing condition at the close of business December 31, 1947, of

ASHBURN BANK Ashburn, Ga.

As called for by the Superintendent of Banks.

W. M. FORSHEE, President.
Date of Charter: 7-3-1900

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

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection........ $
United States Government obliga tions, direct and guaranteed..........
ObJiga~i'?n.s of States and political subdiVlSlOnS .......................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank). Loans and discounts (including
overdrafts) .......................................... Bank premises owned, furniture and
fixtures ..._____ ..................
Real estate owned other than bank premises ..............................................
Investments and other assets indirectly representing bank premises or other re-al estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets......................- ...................

1,250,401.68 542,695.61 39,378.71 None None 558,832.88 831.35 100.00
None None 3,854.39

Total Assets.................................... $ 2,396,094.62

LIABILITIES Demand deposits________..________________________ $ Time deposits ________________________________________
Deposits of U. S. Government..._______
Deposi!'S. _of States and political subdiVISions ........................................
Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) ..............................
Bills payable ------------------------------------- Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities.......................... Capital --------------------------------------------------- Surplus ------------------------------------------- Undivided profits ..................................
Reserves -----------------------------------------------

1, 759,645.04 392,321.20 None
76,977.56 None
6,066.28 None
None 7,519.97 50,000.00 50,000.00 53,564.57
None

Total Liabilities.........................-.. $ 2,396,094.62

TWENTY-EIGHTH ANNUAL REPORT

9

STATEMENT Showing condition at the close of business December 31, 1947, of
THE CITIZENS BANK OF ASHBURN Ashburn, Ga.

As called for by the Superintendent of Banks.

JAMES H. PATE,
President. Date of Charter: 7-3-1900

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed.......... ObJiga~i'?n.s of States and political
subdlVlSlOllS ........................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises ----------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

697,418.81 312,500.00
6,600.00 None None
232.426.71 8,274.61 None
None None None

Total Assets.................................... $ 1,257,220.13

LIABILITIES Demand deposits.______......-.....- ...-.......... $ Time deposits_______________________________________
Deposits of U. S. Government__........ Deposi~s . .of States and political
subdlVISlOnS ........................................ Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) .............................. Bills payable_--.........._.........__......--........_ Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities ...................................... Capital ......._-.....-..._.................-........._____
Surplus .................................................... Undivided profits....................................
Reserves ---------------------------------------

968,824.20 153,854.05
99.11
30,244.33 2,417.24
4,766.79 None
None None 25,000.00 50,000.00 22,014.41 None

Total Liabilities_-...................-....... $ 1,257,220.13

STATEMENT Showing condition at the close of business December 31, 1947, of
AMERICAN SAVINGS BANK Atlanta, Ga.
As called for by the Superintendent of Banks.

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

EUGENE G. WEBB,
Cashier. Began Business: 1887

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection ...... $
United States Government obliga-
tion, direct and guaranteed........ Obligations of States and political
subdivisions ......................................
Other bonds, notes, and debentures..
Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ............____......--------------- Bank premises owned, furniture and
fixtures --------------------------------------Real estate owned other than bank
premises ..............................................
Investments and other assets indirectly representing bank premises or other real estate..........................
Customers' liability to this bank on
acceptances outstanding.................. Other assets...........................................

288,196.80 1,567,211.37
None None None 4,369,205.54 150,599.94 None
None None None

Total Assets.................................... $ 6,375,204.65

LIABILITIES
~f:::!n~e~~~:it>J:::::::::::::~~:::::::::::::::::::: $
Deposits of U. S. Government_.__...... Deposits of States and political
subdivisions ------------------------------Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) .............................. Bills payable-.....-......----.....-............._..___,. Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities........_.....--.................____ Capital --........-..-..........-......-....-............____
Surplus -......-......--.....-...- ....._............... Undivided profits-....--...................- .....
Reserves ---------------------------

728,000.14 3,574,618.42
25,124.48
None None
None 470,000.00
None 1,094,211.18
200,000.00 100,000.00
82,500.02 100,750.41

Total Liabilities_._............- ....- ..... $ 6,375,204.65

10

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF ATLANTA Atlanta, Ga.

As called for by the Superintendent of Banks.

GEO. R. McKINNON, President.
Date of Charter: 9-20-1941

D. M. CARROLL, Cashier.
Began Business: 12-1-1941

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ...... $ United States Government obligations, direct and guaranteed.......... Obliga~ion_s of States and political
subdivisions -----------------------Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)... Loans and discounts (including
overdrafts) ....... ..... .......... Bank premises owned, furniture and
fixtures .. .............. ......... ............. ..... Real estate owned other than bank
premises --------------------------Investments and other assets indi-
rectly representing bank premises or other real estate........................... Customers' liability to this bank on acceptances outstanding.................. Other assets........... ................................

1,199,829.58 2,032,919.25
None None None 2,080,577.80 85,854.76 None
166.40 None 1,448.39

Total Assets ................................... $ 5,400,796.18

LIABILITIES Demand deposits .................................. $
Time deposits _------------------------------------Deposits of U. S. Government .......... Deposi~s. _of States and political
subdiVlSlODS --------------------------------------
Deposits of banks.................................. Other deposits (certified and offi
cers' checks, etc.) --------------------------Bills payable ........................................... Acceptances executed by or for
account of this bank and out-
standing .. ---------------------- Bills payable ......................................... Other liabilities...................................... Capital .................................................... Surplus ......................................- ...- ... Undivided profits....................................
Reserves ----------------------------------------------

3,287,427.07 1,787,059.07
115.36
None None
58,175.36 None
None None 922.25 175,000.00 60,000.00 7,905.12 24,191.95

Total Liabilities.....................- ..... $ 5,400,796.18

STATEMENT
Showing condition at the close of business December 31, 1947, of THE BANK OF GEORGIA Atlanta, Ga.

As called for by the Superintendent of Banks.

JOSEPH E. BIRNIE,
President. Date of Charter: 11-27-1933

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $
United States Government obligations, direct and guaranteed
Ob!iga~i~fi;S of States and political subdiVISIOnS ........... ............................
Other bonds, notes, and debentures..
Corporate stocks (including stock of Federal Reserve Bank)....................
Loans and discounts (including overdrafts) ...................
Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank premises ..............................................
Investments and other assets indirectb" representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets..............................................

1,661,384.56 3,111,297.03
105,174,91 None None
6,898,106.41 60,503.84 None
None None 106,487.34

Total Assets................................... $ 11,942,954.09

LIABILITIES Demand deposits................- ...--........ $ Time deposits.....- ....................._..___
Deposits of U. S. Government.......... Deposi~. _of States and political
subdtVlSlOOS -----------------------
Deposits of banks.....- ........... Other deposits (certified and offi-
cers' checks, etc.) ..........- ............- ... Bills payable................- ...............- ... Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities....._..,_..........._ ........... Capital ..............................___................. Surplus ..................- ....._ .............Undivided profits..................................
Reserves ---------------------------------------

3,443,922. 70 5, 700,295.88
41,061.00
1,295, 787.24 50,031.25
117,384.50 None
None 454,243.50 400,000.00 200,000.00 146,652.51 93,575.51

Total Liabilities...._........- ....- ........ $ 11,942.954.09

TWENTY-EIGHTH ANNUAL REPORT

11

STATEMENT
Showing condition at the close of business December 31, 1947, of CITIZENS TRUST COMPANY Atlanta, Ga.

As called for by the Superintendent of Banks.

L. D. MILTON, President.
Date of Charter: 7-12-1921

J. B. BLAYTON, Cashier.
Began Business: 8-17-1921

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed _________
Obligations of States and political subdivisions
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank). Loans and discounts (including
overdrafts) ----------------Bank premises owned, furniture and
fixtures Real estate owned other than bank
premis-es --------------------- Investments and other assets indi-
rectly representing hank premises or other real estate................ Customers' liability to this bank on acceptances outstanding..................
Other assets.......... --------------------------

469,218.42 1,818,491.90
103,089.97 70,748.29 None
1,484,538.53 53,778.15 1.00
None None 9,799.80

LIABILITIES

TDiemmeanddepdoespitoss_i_t__s___ _ ---------_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_ $

Deposits of U. S. Government ________

Deposits of States and political subdivisions
Deposits of banks..................................

Other deposits (certified and offi-
cers~ checks, etc.)-----------------------------Bills payable ...... _ ------------------------
Acceptances executed by or for

account of this bank and out-

standing ------------ Other liabilities

Capital

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

Surplus _____ ---------------------------------------

Undivided profits--------------------------------Reserves ________ ----------------------------------------

1,444,909.52 2,282,928.81
30,067.08
10,000.00 None
25,812.69 None
None 25,538.52 100,000.00 62,500.00
8,409.44 19,500.00

--------------------------------------------- Total Assets.................................... $ 4,009,666.06

Total Liabilities---------------------------- $ 4,009,666.06

STATEMENT

Showing condition at the close of business December 31, 1947, of

EAST ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

M. A. THOMPSON, President.
Date of Charter: 11-15-1910

H. B. WILLIAMS, Cashier.
Began Business: 11-15-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligatioM, direct and guaranteed.......... Obliga~i~~s of States and political subd1v1s10ns ........................................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank). Loans and discounts (including overdrafts) ........................................ Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises ----------Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

855,936.94 1,619,500.00
16,000.00 None None
2,349,604. 87 39,628.85 None
None None None

Total Assets.................................... $ 4,880,670.66

LIABILITIES Demand deposits.._..______________, _____ $ Time deposits ______________________________
Deposits of U. S. Government.......... Deposits of States and political
subdivisions ----------------------------Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.)--------------------------Biiis payable-----------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgil.i.t..i.e..s.._._._._.._._._._._._.._._._._._._._.._._._._._._._.._._._._._._.._._.
Cap ita! -----------------------------------------------Surplus ------------------------------------------------Undivided profits...........___________________
Reserves -----------------------------------------

2,509,528.39 1,698,182.70
24,183.06
299,702.00 None
34,606.40 None
None 35,101.13 100,000.00 100,000.00 79,366.98
None

Total Liabilities----------------------- __ $ 4,880,670.66

12

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1947, of
GEORGIA SAVINGS BANK & TRUST COMPANY Atlanta, Ga.
As called for by the Superintendent of Banks.

JOHN E. OLIVER,
President. Date of Charter: 10-26-1889

C. P. HUNTER, Cashier.
Began Business: 9-1-1899

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in :process of collection...... $ United States Government obligations, direct and guaranteed........ Obliga~i?n.s of States and political
subdlVlSlOTIS ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ___ Loans and discounts (including
overdrafts) -------- -----------------------Bank premises owned, furniture and
fixtures -------------------------------------------~Real estate owned other than bank
premises ------ -------------~-------------------Investments and other assets indi-
rectly representing bank premises or other real estate......... Customers' liability to this bank on acceptances outstanding..................
Other assets ______ -----------------------

1,147,248.18 8,181,254.35
436,323.61 360,084.62 411,400.25 8, 739,198.28 180,001.00
1.00
None None None

Total Assets------------------------- _____ $ 19,455,511.29

Demand deposits____L__I__A___B__I__L__I__T___I_E___S_______ $ Time deposits _____________________________________

None 15,644,166.46

Deposits of U. S. Government____________

3,914.89

Deposi~. _of States and political

DespubodsiiVtsISoIOf nbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_

30,000.00 366,500.00

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------Bills payable--------------~---------------------- Acceptances executed by or for

423.00 None

account of this bank and out-

standing .............................................. Other liabilities_____________________________________

None 1,639, 710.75

Capital ----------------------------------------------

500,000.00

SUunrdpilvuisde-d-----p--r--o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_

750,000.00 206,990.09

Reserves ------------------------------------------------

313,806.11

Total Liabilities---------------------------- $ 19,455,511.29

STATEMENT

Showing condition at the close of business December 31, 1947, 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,
Cashier. Began Business: 8-31-1935

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... $ 626,984.03

United States Government obliga-

tions, direct and guaranteed.......... 1,313,428.59

Ob!iga!i?n.s of States and political

subdiVlSlOllS ....................................... .

None

Other bonds. notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank)--------------

None

Loans and discounts (including

overdrafts) ----

3,428,216.98

Bank premises owned, furniture and

fixtures ----------------------------------------------

16,737.64

Real etate owned other than bank

premises ................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate...............

None

Customers' liability to this bank on

acceptances outstanding..................

None

Other

asset------------------------------ -

-

8,679.96
---

Total Assets _______________ -----------------$ 5,394,047.20

* LIABILITIES

~;::::':i~p~:r~s_i~::::::::::::::::::::=::::::::::::

807,940.53 4,337,668.62

Deposits of U. S. Government__________

None

Deposits of States and political

subdivisions -----------------------------------

None

Deposits of bank------------------------ Other deposits (certified and offi-

None

Bicllesrs'pacyhaebckles_,___e__t_c__._)___-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_Acceptances executed by or for

9,234.63 None

account of this bank and out-

standing .............................................. Other liabilities____________________________________

None 65,008.94

Capital -------------------------------------------------

85,000.00

Surplus ----------------------------------------------Undivided profits--------------~------------Reserves ________ ------------------------------------

17,000.00 72,194.68
None

Total Liabilities___________________________ $ 5,394,047.20

TWENTY-EIGHTH ANNUAL REPORT

13

STATEMENT

Showing condition at the close of business December 31, 1947, of

SOUTHERN SAVINGS BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

THURMAN M. WALDROP, President.
Date of Charter: 12-5-1934

RUTH W. MELTON, Cashier.
Began Business: 1-1-1935

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection...... $

United States Government obliga-

tions, direct and guaranteed..........

Obligations of States and political

subdivisions ------- Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts) ..

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

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises -------------------------lnve!Stments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding.................

Other assets.....................................

Total Assets.................................... $

58,807.25 None None None None
763,310.57 1,116.90 None
None None None 823,234.72

LIABILITIES
Demand deposits.---- $ Time deposits__ ---------------------------------Deposits of U. S. Government___ -- Deposi?>. _of States and political
SubdlVlSIOnS ------------------------------- Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.)-------------------Bills payable_-------- Acceptances executed by or for
account of this bank and outstanding ........................................ Other liabilities......................................
Capital ----- Surplus ------- Undivided profits .....- Reserves ------------------------------------------------

625,000.00 None None
None None
None 15,864.02
None None 50,000.00 10,000.00 57,122.72 65,247.98

Total Liabilities...... --- $ 823,234.72

STATEMENT

Showing condition at the close of business December 31, 1947, of

SOUTH SIDE ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

WALTER ESTES,
President. Date of Charter: 1-31-1912

W. L. WILLIAMSON, Cashier.
Began Business: 7-1-1929

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection________ $ 348,684.38

United States Government obliga-

tions, direct and guaranteed.......... 1,813,306.26

Obligations of States and political

subdivisions ____

167,918.28

Other bonds, notes, and debentures

60,000.00

Corporate stocks (including stock of

Federal Reserve Bank) ..

None

Loans and discounts (including

overdrafts) --- --------

805,607.19

Bank premises owned, furniture and

fixtures

33,651.07

Real estate owned other than bank

premises ..............................................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

None

Customers' liability to this bank on

acceptances outstanding..................

None

- - - - - Other assets..........== ..

48,917.56

Total Assets------- $ 3,278,084.74

LIABILITIES Demand deposits_---$ Time deposits ---------- Deposits of U. S. Government_____..... Deposi?>..of States and political
subdlVISlOnS --------------------------------------Deposits of bank---------- Other deposits (certified and offi-

cers' checks, etc.)----- Bills payable.......-..------ Acceptances executed by or for
account of this bank and outstanding ............................................. Other liabilities___....._____________________.....

Capital ----

Surplus

--

Undivided profits.--------

Reserves ------------------------------------------------

1,597,987.97 1,436,291.90
12,749.25
35,000.00 None
34,582.51 None
None 16,269.43 50,000.00 50,000.00 83,043.75 12,159.93

Total Liabilities...----$ 3,278,084.74

14

DEPARTMENT OF BANKING

STATEMENT ShGwing condition at the close of business December 31, 1947, of
TRUST COMPANY OF GEORGIA Atlanta, Ga.
As called for by the Superintendent of Banks.

MARSHALL B. HALL
President. Date of Charter: 9-21-1891

DAMERON BLACK, Vice-President.
Began Business: 11-8-1891

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 36,699,807.12

United States Government obliga-

tions, direct and guaranteed........ 19,330,199.00

Obliga~i~ns of States and political

subdtVlSlODS ..........

4,061,292.82

Other bonds, notes, and debentures 1,083,247.03

Corporate stocks (including stock of

Federal Reserve Bank)

210,000.00

Loans and discounts (including

overdrafts)

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

53,204,011.49

Bank premises owned, furniture and

fixtures __________

_____ _

1,432,676.45

Real estate owned other than bank

premises ---------------------------

None

Investments and other assets indi-

rectly representing bank premises

or other real estate.

None

Customers' liability to this bank on

acceptances outstanding..................

None

Other assets ....----------------

824,030.20

LIABILITIES

Demand deposits --------------------------------- $ 73,912,383.64

Time deposits ... ---------------------

1,102,870.99

Deposits of U. S. Government __________

688,553.86

Deposits of States and political

subdivisions ------------------ --------------------- 6,291,281.07

Deposits of banks _____

_____ 22,226,459.33

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------- 2,244,707.17

Bills payable------------------------------------

None

Acceptances executed by or for

account of this bank and out-

Otshtearndliinabgil.i.t.i..e..s......_._.__-_-_-__-_-_-_-_-_-______

None 1,053,713.21

Capital --------------------------------

2,000,000.00

Surplus

5,000,000.00

Undivided profits

1,288,408.06

Reserves ----------------------- _----------------------- 1,036,886.78

Total Assets._ ------------- $116,845,264.11

Total Liabilities ----------------------- _____ $116,845,264.11

STATEMENT

ShGwing condition at the close of business December 31, 1947, of GEORGIA RAILROAD BANK & TRUST CO. Augusta, Ga. As called for by the Superintendent of Banks.

SHERMAN DRAWDY, President.
Date of Charter: 11-15-1892

RUSSELL A. BLANCHARD, Cashier.
Began Business: 12-31-1892

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions ....

__ _

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts) ---------------------

-------

Bank premises owned, furniture and

fixtures -----------------Real estate owned other than bank

premises ------------ Investments and other assets indi-

rectly representing bank premises

or other real estate.... --------- Customers' liability to this bank on

acceptances outstanding------------------

Other assets ...----- -------

6,671,548.82 8,952,730.18 2,538,096.05
204,539.24 52,500.00
9,328,285.21
167,993.~0
None
None 28,313.14 155,257.96

Demand deposits ___L__I__A__B___I_L___I_T__I__E__S_______ $ 11,682,083.68

Time deposits----------- ---------------------- 7,976,373.41 Deposits of U. S. Government__________ 191,238.70

Deposi~s . .of States and political

DeSpUobsdittVslSolOf UbSan--k--s-_-_-_-_-_-_-__-_-_-____-_-_-__-_-_-_-_-_-_-_-_-_-

2,419,212.13 3,582,120.35

Other deposits (certified and offi-

cers' checks, etc.)--------------------

106,053.46

Bills payable-----------------------------------

None

Acceptances executed by or for

account of this bank and out-

standing _______ ---------------------------------Other liabilities_________________________________

28,313.14 132,905.56

Capita! ------------------------------------------------

750,000.00

SUunrdpilvuisde-d---p--r--o--f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

1,100,000.00 130,963.47

Reserves -------------------------------------------

None

Total Asset----

28,099,263.90

Total Liabilities ------------------------- $ 28,099,263.90

TWENTY-EIGHTH ANNUAL REPORT

15

STATEMENT Showing conditio!! at the close of business December 31, 1947, of
REALTY SAVINGS BANK Augusta, Ga.

As called for by the Superintendent of Banks.

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

R. W. HARGROVE, Cashier.
Began Business: 12-23-1933

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... $

United States Government obliga-

tions, direct and guaranteed........

Obliga~i?"." of States and political

SubdlVlSlOllB .......................................

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ..

Loans and discounts (including

overdrafts) ------------------------------

Bank premises owned, furniture and

fixtures

_______ ------

Real estate owned other than bank

premises ..............:...............................

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets.....--------

351,665.63 725,945.60
None 4,158.49
None 4,433,135.07
19,782.33 7,781.81
None None 10,253.41

Total Asset------------- $ 5,552, 722.34

Demand deposits ____L__I__A___B___I__L___I__T__I__E___S________ $
Time deposits .....----------------------Deposits of U. S. Government__________
Deposi!-". _of States and political
subdlVlSlOllS ----------------------------------------
Deposits of banks _______ ------------------- ______ Other deposits (certified and offiBilclesrps'aycahbelcek__s__,____e_t_c__.)__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-.-.-.-.-.-.
Acceptances executed by or for account of this bank and outstanding; ..............................................
Other liabilities ...........-------- Capital --------- Surplus ---- .... ----------Undivided profits------- Reserves --------------------------------------------------

None 5,045,809.12
2,318.75
None 5,000.00
None None
None 414.00 100,000.00 200,000.00 109,121.78 90,058.69

Total Liabilities .......... -- $ 5,552,722.34

STATEMENT

Showing condition at the close of business December 31, 1947. of

AUSTELL BANK Austell, Ga.

As called for by the Superintendent of Banks.

W. L. FLORENCE, President.
Date of Charter: 1-3-1910

J. G. LUNDY, Cashier.
Began Business: 1-10-Hi10

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... $ 249,617.68

United States Government obliga-

tions, direct and guaranteed...... 1,257,400.00

Obliga~i~n.s of States and political

subdtvtstons ........................................

38,050.53

Other hands, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) .................__ _

None

Loans and discounts (including

overdrafts) ---

163,029.48

Bank premises owned, furniture and

fixtures ------------------------------

1,600.00

Real estate owned other than bank

premises ..............................................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

None

Customers' liability to this bank on

acceptances outstanding..................

None

- - - - - Other assets............................................

None

Total Assets.................................... $ 1,709,697.69

LIABILITIES Demand deposits.........------- $ Time deposits___-------------------------Deposits of U. S. Government Deposi~s. _of States and political
subdiVlSIOfiS - ------------------ Deposits of banks............ ---- Other deposits (certified and offi-
cers' checks, etc.)-----------------Bills payable_------ Acceptances executed by or for
account of this bank and out-
standing -------------- Other liabilities......................................
Debentures --------------------------Capital --- Surplus --------------- Undivided profits------ Reserves ---------------------------------

1,064,638. 70 482,042.20 914.28
40,666.38 None
11,585.39 None
None None 12,500.00 50,000.00 12,000.00 25,600.74 9,750.00

Total Liabilities............................ $ 1,709,697.69

16

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK & TRUST COMPANY Bainbridge, Ga.

As called for by the Superintendent of Banks.

E. F. VICKERS, President.
Date of Charter: 11-8-1911

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

ASSETS

Cash, balances with other banks, in.

eluding reserve balances, and cash

items in process of collection ...... $

United States Government obliga-

tions, direct and guaranteed........

Obliga~i?f\S of States and political

subdtVlSlOllS .......................

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ___,................

Loans and discounts (including overdrafts) _______________ ................__ ...

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ------------------------- Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets .....

1,421,448.07 1,871,107.15
None None 4,800.00 812,766.53 24,766.00 None
None None 6,241.74

LIABILITIES Demand deposits ....--- ____________..___________ $
Time deposits-------------------------------------Deposits of U. S. Government____________ Deposi~. _of States and political
SUbdlVlSIOllS --------------------------------------
Deposits of banks ___.. ________..______.._____ Other deposits (certified and offi-
cers' checks, etc.) __ -------------------------Bills payable ---------------------------..---------.. Acceptances executed by or for
account of this bank and antstandingOther liabilities ______________....................... Capital --------------..---- ............................. Surplus --------- __________........ ____________.......... Undivided profits _____________________............
Reserves -------------------------------------------

2, 719,212.55 811,514.70 9,603.49
309,161.66 79,356.63
12,081.20 None
None 6,225.37 100,000.00 70,000.00 17,473.89 6,500.00

Total Assets................................... $ 4,141,129.49

Total Liabilities----------------------------- $ 4,141,129.49

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANK Ball Ground, Ga.

As called for by the Superintendent of Banks.

M. C. ROBERTS, President.
Date of Charter: 9-28-1926

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

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash items in process of collection________ $

United States Government obliga-

tions, direct and guaranteed..........

Obligations of States and political

subdivisions --- ........................ Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank). ...................

Loans and discounts (including overdrafts) ..............._.._______________..____

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ..............................................

Investments and other assets indi-

rectly representing bank premises

or other real estate..... ------Customers' liability to this bank on

acceptances outstanding..................

Other assets............

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

200,135.73 704,200.00
10,400.00 None None
224,000.00 2,201.00 None
None None None

Total Assets ................................... $ 1,140,937.63

LIABILITIES Demand deposits ____....______________.......... $

Time deposits___________ -----------------------Deposits of U. S. Government__________

Deposits of States and political

subdivisions

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

Deposits of bankg ________________________........

Other deposits (certified and offi-

cers' checks, etc.)-------------------------Bills payable ........................................... Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities......................................
Capital ------...............- ..................-----Surplus -------- __________................................. Undivided profits....................________________

Reserves ----------------------------------------------

967,754.63 None 412.57
90,374.17 2,000.00
200.00 None
None None 15,000.00 35,000.00 30,196.26 None

Total Liabilities.............................. $ 1,140,937.63

TWENTY-EIGHTH ANNUAL REPORT

17

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BAXLEY STATE BANK Baxley, Ga.

As called for by the Superintendent of Banks.

T. H. WEATHERLY, President.
Date of Charter: 8-23-1917

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

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed........ Obliga~i~n.s of States and political
subdlVISIOllS ........................................
Other bonds, notes, and debentures Corporare stocks (including stock of
Federal Reserve Bank) .. Loans and discounts (including
overdrafts) .......................................... Bank premises owned, furniture and
fixtures _________ _____ _
Real estate owned other than bank
premises ---------------------------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding. Other assets............

666,986.34 896,027.41
10,244.48 None None
380,189.84 3,709.40 None
None None 1,956.87

Total Assets....

................. $ 1,959,114.34

LIABILITIES Demand deposits..________________________________ $
Time deposits --------------------------------------Deposits of U. S. Govern~ent ...------Deposits of States and political
subdivisions ... ---------------------------------Deposits of banks.....------------------------- Other deposits (certified and offi-
cers' checks, etc.)-----------------------------Bills payable __________ -----------------------------Acceptances executed by or for
account of this bank and out-
standing ------------- Other liabilities ......__________................_.....
Debentures -----------------------------------------SCuarppiltuals ---__-_-_-_-_-_-.-.--_-_-_-_-_-_-__-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-.-.-.-..-.-.-.-.-.-.-.-.-_.
Undivided profits ...____.......................-....Reserves ___ --------------------------------------------

1,404,142.57 285,997.72 4,626.86
137,225.45 7,698.41
5,470.45 None
None 18.00 14,000.00 75,000.00 15,000.00 4,202.88 5,732.00

Total Liabilities .. ____________...._.......... $ 1,959,114.34

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BLACKSHEAR BANK Blackshear, Ga.

As called for by the Superintendent of Banks_

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

GEO. D. WALKER, Cashier.
Began Business: 7-7-1892

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed........
Ob!iga!i<?n.s of States and political subdiVISIOnS ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) _________
Loans and discounts (including overdrafts) ........................................
Bank premises owned, furniture and fixtures _________
Real estate owned other than bank premises ..............................................
Investments and other assets indirectly representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets............

586,816.20 750,000.00
7,500.00 23,000.00
3,000.00 775,581.95
2,906.14 None
None None None

Total Assets................................... $ 2,148,804.29

LIABILITIES Demand deposits----------------------------------- $ Time deposits......--------------------------------- Deposits of U. S. Government _________
Deposi?'..of States and political subdlVlSlOUS ------------------------------
Deposits of banks ....-------------------------- Other deposits (certified and offi-
cers' checks, etc.) ---------------------------Bills payable ----------------------------------------Acceptances executed by or for
account of this bank and out-
standing . ---------------- OCathpeitrallia__b__i_l__i_t_i__e_s__._._._-_-_-_-____-_-_-_-_-_-_-__-_-_-_-_-.-..-.-.-.-.-.-.-.-.-.-.-.-.
Surplus ----------------------------------------------- Undivided profits..........................._.._____
Reserves --------------------------------------------

1,304,217.97 420,056.46 2,414.65
72,838.97 110,144.27
13,585.42 None
None 4,000.00 50,000.00 50,000.00 121,546.55
None

Total Liabilities ...____...................._. $ 2,148,804.29

18

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

PEOPLES BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

JOHN SCHREIBER, Vice-President.
Date of Charter: 8-1-1946

N. W. BURT, Ex-Vice-President and Cashier.
Began Business: 8-5-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash itemi in process of collection........ $ United States Government obligations, direct and guaranteed.......... Obliga!i~";S of States and political subdiviSIOns ............................. Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) __ _ Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures ________________ . ___________________
Real estate owned other than bank
premises ------------------ Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Cu&tomers' liability to this bank on acceptances outstanding..................
Other assets.-------------------------------------------
Total Assets____________________________________ $

316,898.26 416,476.11
None None None 251,932.69 32,233.00 None
None None 50.40 1,017,590.46

LIABILITIES DTiemmeanddepdoespitoss__i_t_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$

Deposits of U. S. Government--------Deposits of States and political
subdivisions -----------------------------------Deposits of banks-------------------------------Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable___________________ ----------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgil.i.t..i.e.s ________________ _

Capital

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

Surplus ___________ ---------------------------------------

Undivided profits---------------------

Reserves ------------------------------------------- .

679,643.66 172,686.41
2,587.50
51,445.24 None
221.96 None
None None 50,000.00 50,000.00 11,005.69 None

Total Liabilities ------------------------- ___ $ 1,017,590.46

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF EARLY Blakely, Ga.

As called for by the Superintendent of Banks.

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

E. T. CRAWFORD, Cashier.
Began Business: 4-28-1941

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $

United States Government obliga-

tions, direct and guaranteed _________

Obliga~i~";S of States and political

subdiVlSIOllS ........................................

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)------------------Loans and discounts (including

overdrafts) ___

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

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ..............................................

Investn1ents and other assets indi-

rectly representing bank premises

or other real estate .........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets ----------------------------------------

278,179.38 732,607.09
None None None 221,253.17 6,979.90 None
None None 1,010.54

Total Assets ------------------------------ $ 1,240,030.08

LIABILITIES Demand deposits ----------------------------------- $ Time deposits -------- ------------------------------Deposits of U. S. Government ________ _ Deposits of States and political Despuobsdiitvsisoifonbsan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_----
Other deposits (certified and offiBicllesrps'aycahbelcek.s__,___e__t_c_._)_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-
Acceptances executed by or for ac count of this bank and outstanding --------------------------------------------
Other liabilities ------------------------------------Capital -------------------------------------------------- USunrdpilvuisded prof-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_--_----
Reserves -------------------------------------------------

998,403.83 121,404.65
6,585.95
35,489.12 None
7,234.69 None
None 5,562.61 30,000.00 20,000.00 15,349.23
None

Total Liabilities._____________________________ $ 1,240,030.08

TWENTY-EIGHTH ANNUAL REPORT

19

STATEMENT

Showing condition at the close of business December 31, 1947, of

FIRST STATE BANK OF BLAKELY Blakely, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 5-6-1937

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash item in process of collection _______ $

United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions ---------------------------------------Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)....................

Loans and discounts (inc Iu ding

overdrafts) ---------------------------------

Bank premises owned. furniture and

fixtures

____ ____ ---------------- _

Real estate owned other than bank

premises ---------------------Investments and other assets indi-

rectly representing bank premises

or other real estate......................... Customers' liability to this bank on

acceptances outstanding.....

Other assets

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

Total Assets ____________________________________ $

1,628,141.411 291,600.00 33,883.83 None None 521,989.14 7,376.45 None
None None None 2,482,890.91

LIABILITIES

Demand deposits -------------------- ----- $

Time deposits ___

__ ----------------------~

Deposits of U. S. Government.

Deposits of States and political

subdivisions -------------------------------------~

Deposits of banks ------------------

Other deposits (certified and offi-

cers' checks, etc.)----~----------------------

Bills payable----------------

Acceptances executed by or for ac-

count of this bank and outstanding _________________

Other liabilities -------------------------Capital Surplus ______
Undivided profits Reserves

1,971,664. 79 202,701.11 6,031.27
90,703.33 None
3,074.29 None
None 367.59 60,000.00 100,000.00 47,848.53 10,500.00

Total Liabilities _____ ---------------- ___ $ 2,482,890.91

STATEMENT

Showing condition at the close of business December 31, 1947, of

FANNIN COUNTY BANK Blue Ridge, Ga.

As called for by the Superintendent of Banks.

J. M. EATON, JR., President.
Date of Charter: 5-29-1916

J. P. FITTS, JR., Cashier.
Began Business: 6-6-1916

ASSETS

Cash, balances with other banks, In-

cluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed _______

Obligations of States and political

subdivisions ----------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures ------------------------------

-----

Real estate owned other than bank

premises ------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets............................................

295,915.91 901,852.71 256,817.66
23,483.49 None
411,886.87 11,500.00 1.00
None None None

Total Assets--------------------------------$ 1,901,457.54

LIABILITIES Demand deposits_______________________ -------- $

Time deposits _ ------------------Deposits of U. S. Government ___________

Deposits of States and political

subdivisions --------------------------------------

Deposits of banks --- -------------------- Other deposits (certified and offi-

cers checks, etc.)-----------------------------

Bills payable------------ -----Acceptances executed by or for ac-

count of this bank and out-

standing _____ ----------------------------------------

Other liabilities ------ -------------------------

Capital Surplus

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

Undivided profits.

Reserves --------------------

838,339.99 884,577.42
3,337.50
90,963.87 6,164.98
2,464.32 None
None 261.79 25,000.00 25,000.00 26,347.67 None

Total Liabilities ------------------------ ___ $ 1,901,457.54

20

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Blythe, Ga.

As called for by the Superintendent of Banks.

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

E. B. REVILLE, JR. Cashier.
Began Business: 9-1-1909

ASSETS

cash. balances with other banks, in-

cluding reserve balances. and cash

items in process of collection------- $

United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions ------------------ ---------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)__

Loans and discounts (including

overdrafts)

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

Bafnixktuprreesm_i_s__e__s___o__w___n__e__d__,___f_u__r__n__iture and

Real estate owned other than bank

premises ----------------------------------- Investments and other assets indi-

rectly representing bank premises

or other real estate........

. ..... .

Customers' liability to this bank on

acceptances outstanding

Other assets_____ -------

Total Assets_ ------------------- ---------- $

178,047.52 6,000.00 6,000.00 None None
134,699.15 700.00 None
None None None 325,446.67

LIABILITIES Demand deposits ------------------------- _____ $ Time deposits _____________________ -----------------Deposits of U. S. Government ________ Deposits of States and political
D espuobsdiitvs i soifo nbsa n--k---s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------

Bills payable___

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

Acceptances executed by or for ac

count of this bank and outstanding _ _________

Other liabilities_____________________

Capital ------------------------------------------------- Surplus __________ -----------------------------------------
Undivided profits----------------------------------Reserves ---------------------- ---------------------------

204,772.64 69,867.82 None
8,440.00 10,894.87
1,810.48 None
None 33.60 15,000.00 10,000.00 531.61 4,095.65

Total Liabilities --------------------------- $ 325,446.67

STATEMENT

Showing condition at the close of business December 31, 1947, of

PEOPLES BANKING COMPANY Boston, Ga.

As called for by the Superintendent of Banks.

W. E. DAVIS, President.
Date of Charter: 1-29-1947

F. E. JARRETT,
Cashier. Began Business: 4-1-1947

ASSETS Cash. balances with other banks, in.
eluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed _________

Obligations of States and political subdivisions _______ _

Other bonds, notes, and debentures.. Corporate stocks (including stock of

Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) --------------------- ________ ________

Bank premises owned, furniture and

fixtures ____ __ ____ __ __

____ ., __ _

Real estate owned other thaP bank

premises ----------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate..

Customers' liability to this bank on

acceptances outstanding

Other assets

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

Total Assets _____ ________________________ $

165,703.40 50,000.00 3,035.48 None None 47,139.77 4,620.00 None
None None None 270,498.65

LIABILITIES Demand deposits _____________________________ ---- $

Time deposits ________________ ----------------------

Deposits of U. S. Government_______

Deposits of States and political

subdivisions ------------------------------Deposits of banks _______ ------------------ _____

Other deposits (certified and offi

cers' checks, etc.) -------------------------------

Bills payable____________ ---------------------------Acceptances executed by or for ac~

count of this bank and out-

standing _____ --------------------------------------- Other liabilities. __ _

Capital

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

Surplus

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

Undivided profits_---------------------------

Reserves --------------------------------------------------

220,039.62 None None
20,000.00 None
None None
None None 25,000.00 5,000.00 459.03 None

Total Liabilities

------------ $ 270,498.65

TWENTY-EIGHTH ANNUAL REPORT

21

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE COMMERCIAL BANK Bowdon, Ga.

As called for by the Superintendent of Banks.

J. H. BARR, President.
Date of Charter: 9-22-1926

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed __________

Obligations of States and political subdivisions

Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank) .................... Loans and discounts (inc Iu ding

overdrafts) -----------------------------------

Bank premises owned, furniture and

fixtures

______ _

Real estate owned other than bank

premises ------------ Investments and other assets indi-
rectly representing bank premises

or other real estate.......................... Customers' liability to this bank on
acceptances outstanding... Other assets

463,097.98 940,000.00
2,850.00 None None
150,010.47 1,200.00 None
None None None

Total Assets_________ -------------------------- $ 1,557,158.45

Demand deposits ___L__I__A___B__I__L__I__T__I__E__S____, __ $ Time deposits ____________________________________....
Deposits of U. S. Government________
Deposi!'>. _of States and political subdiVlSIOnS ---------------------------------------
Deposits of banks _______ -----------------------Other deposits (certified and offi-
cers' checks, etc.)----------------------------Bills payable_______._________ -----------------------Acceptances executed by or for ac4
count of this bank and outstanding ______ -----------------------------------Other liabilities .....................................
Capital --------------------------------------------------Surplus ----------------------------------------Undivided profits--------------------..------------Reserves -------------------------------------------------

1,426,380.99 11,980.56 None
None None
1,374.88 None
None None 25,000.00 50,000.00 33,500.00 8,922.02

Total Liabilities .._____________

--- $ 1,557,158.45

STATEMENT

Showing condition at the close of business December 31, 1947, of

HARALSON COUNTY BANK Buchanan, Ga.

As called for by the Superintendent of Banks.

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

H. G. RICHARDSON, Cashier.
Began Business: 3-4-1909

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed.

Obliga!i'?n.s of States and political

SUbdiVISIOnS ---------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank\------------------Loans and discounts (including

overdrafts) ____ -----------------------------------

Bank premises owned, furniture and

fixtures

________ _

Real estate owned other than bank

premises ____ _____

------

Investments and other assets indirectly representing bank premises
or other real estate.......................... Customers' liability to this bank on
acceptances outstanding.................. Other assets............................................

519,661.60 590,000.78
24,911.33 25,341.64
None 285,579.08
1,858.00 None
None None None

Total Assets --------------------------------- $ 1,447,352.43

LIABILITIES Demand deposits___________________________________ $
Time deposits_____ ---------------------------Deposits of U. S. Government----------Deposits of States and political
subdivisions -------------------------------------Deposits of banks -------------------------------Other deposits (certified and offi-
cers' checks, etc.) --------------------------Bills payable _______________ -----------------------Acceptances executed by or for ac-
count of this bank and outstanding -------------------------------------------Other liabilities .......-----------------------------Capital --------------------------- -------------------------SUunrdpilvuids ed -p---r-o--f--i-t--s-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-.,.
Reserves -------------------------------------------------

1,293,883.78 11,210.78 341.73
46,713.32 None
3,595.96 None
None 8,390.97 40,000.00 20,000.00 20,215.89 3,000.00

Total Liabilities---------------------------- $ 1,447,352.43

22

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BUENA VISTA LOAN & SAVINGS BANK Buena Vista, Ga.

As called for by the Superintendent of Banks.

CLARKE W. DUNCAN, President.
Date of Charter: 9-22-1887

ARTHUR D. LOWE,
Cashier. Began Business: 9-1-1889

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed__________
Obliga!i'?n.s of States and political
subdtVlSlOllS ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) --------- Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets...........................................

224,809.57 384,000.00
88,670.00 None None
376.739.55 2.00
None
None None None

Total Assets----------------- _______ $ 1,074,221.12

LIABILITIES Demand deposits ____________________________________ $
Time deposits---------------------------------------Deposits of U. S. Government ......... Deposits of States and political
subdivisions ------------------- -------------------Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) --------------------------Bills payable..........................._________________
Acceptances executed by or for account of this bank and out-
standing ---------------------------------------------Other liabilities.....................................
Capital ------------------------Surp Ius -------- -----------------------Undivided profits...--------------Reserves ______ ------------------------------------

782,383.41 80,326.25 2,000.00
104,260.17 None
6,101.84 None
None None 30,000.00 50,000.00 10.149.46 10,000.00

Total Liabilities-------------------------$ 1,074,221.12

STATEMENT

Showing condition at the close of business December 31, 1947, of

BUFORD COMMERCIAL BANK Buford, Ga.

As called for by the Superintendent of Banks.

JOHN D. CARTER, President.
Date of Charter: 1-18-1946

J. F. HAMILTON, Vice-President and Cashier.
Began Business: 2-11-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed__________
Obligations of States and political subdivisions ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) -----------Bank premists, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding..................
Other assets--------------------------------

196,903.91 716,027.18
None None None 174,014.37 800.00 None
None None 1,273.37

Total Assets....------------------------- $ 1,089,018.83

LIABILITIES Demand deposits...... ------------------- $ Time deposits __ -----------------------------------Deposits of U. S. Government ________ Deposits of States and political
subdivisions -------------------------Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.)--------------------------Bills payable....-----------------------Acceptances executed by or for ac-
count of this bank and outstanding --------------------------------Other liabilities...................................... Capital -----------------------------------------------SUunrdpilvuisde-d-----p-rofits__-_-_-_-____-_-_-__-_-_-_-_-_-_-__-_-__-_-_-_-_-_-__
Reserves ---------------------------------------------

812,198.09 63,704.65 None
149,732.22 None
1.50 None
None None 50,000.00 10,000.00 9,282.37 4,100.00

Total Liabilities _________________________ $ 1,089,018.83

TWENTY-EIGHTH ANNUAL REPORT

23

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, including reserve balances~ and cash items in process of collection ________ $

United States Government obligations, direct and guaranteed __________

Obligations of States and political

subdivisions

Other bonds, notes, and debentures..

Corporate stocks (including stock of F'ederal Reserve Bank I __ , _____ _

Loans and discounts (including

overdrafts) .........

Bank premises owned, furniture

and fixtures

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

Real estate owned other than bank

premises ____

Investments and other assets indirectly representing bank premises or other real estate. _____ ..................

Customers' liability to this bank on

acceptances outstanding..................

Other assets .....

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

590,522.78 710,250.00
26,980.55 None None
111,409.83 1.00 1.00
None None 27,282.18

Total Assets .........- ........................ $ 1,466,447.34

LIABILITIES

Demand deposits

.. $

Time deposits ______ ---------------------------------

Deposits of U. S. Government........

Deposi~s. _of States and political

SUbdiVISIOnS ----------------------------------------

Deposits of banks----- --------------------- _____

Other deposits (certified and offi-

cers' checks, etc.)-----------------------------

Bills payable________

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

Acceptances executed by or for ac~

count of this bank and out-

standing ----- ---------------------------------------Other liabilities ___________ ------------------------

Capital -------------------------------- ------------------Surplus __________ --------------------------

Undivided profits _____ ------------------------

Reserves -------------------------------------------------

1,347,846.21 None None
56,183.45 None
166.72 None
None 3,000.00 15,000.00 30,000.00 14,250.96
None

Total Liabilities-------------------------- $ 1,466,447.34

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $
United States Government obligations, direct and guaranteed..
Obliga!i?r;s of States and political
subdiVIsions ------------------ Other bonds, notes, and debentures Corporate stocks (including stock of
F'ederal Reserve Bank) _ Loans and discounts (including
overdrafts) -----Bank premises owned, furniture
and fixtures Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate........ Customers' liability to this bank on acceptances outstanding__
Other assets______ ------------------------------------
Total Assets ________________________________ $

377,831.73 None None
6,541.45 None
123,475.35 550.00 None
None None None 508,398.53

LIABILITIES

Demand deposits ---------------------------- ____ $ Time deposits ______________ --------------------------Deposits of U. S. Government _______

Deposits of States and political

subdivisions ----------------------------------------

Deposits of banks

____ _

Other deposits (certified and officers' checks, etc.) ______

Bills payable Acceptances executed by or for ac~

count of this bank and outstanding ________ ---------------------------Other liabilities ________

Debentures----------- -----------------------

Capital ---------------------------------------------------

Surplus ______

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

Undivided profits

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

Reserves ------------------------------------------------

434,514.87 14,460.31 None
12,643.99 None
1,436.37 None
None 2,557.73 4,725.00 15,000.00 10,000.00 7,164.75 5,895.51

Total Liabilities________

----$ 508,398.53

24

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

CAIRO BANKING COMPANY Cairo, Ga.

As called for by the Superintendent of Banks.

HENRY HESTER, President.
Date of Charter: 11-23-1903

T. R. HESTER,
Cashier. Began Business: 1-1-1900

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions -----------------------Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank)_ ..______ .._______,

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures -------------

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

Real estate owned other than bank

premises ---------------------------- -,--- __

Investments and other assets indi-

rectly representing bank premises or other real estate ______ _

Customers' liability to this bank on

acceptances outstanding...........

Other assets______ ----------------------------

994,847.89 895,700.00
22,954.62 None None
1,407,426.14 9,500.00 None
None None 1,000.00

Total Assets----------------------------------- $ 3,331,428.65

LIABILITIES

Demand deposits --------------------------- ______ $

Time deposits . __ -----------------------

Deposits of U. S. Government _________

Deposi~s. .of States and poliifcal

subdiviSions ______________ -------------------------

Deposits of banks__

______________ _

Other deposits (certified and officers' checks, etc.) _____ ------------------------
Bills payable _____________________

Acceptances executed by or for account of this bank and out

standing ____ -------------------------------------Other liabilities ____________ _

Debentures ---------------------------------

Capital

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

Surplus -------------------------------------------------

Undivided profits-----------------------------------

Reserves -------------------------------------------------

2,069,118.99 914,223.32 29,622.12
136,267.23 7,319.80
5,594.15 None
None 4,099.40 12,600.00 50,000.00 60,000.00 29,943.64 12,600.00

Total Liabilities __ ------------------------- $ 3,331,428.65

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks.

W.E. YOUNG, President.
Date of Charter: 12-3-1903

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------- $ United States Government obliga-
tions, direct and guaranteed---------Obliga!i~n:" of States and political
subdiVISIOnS --------------------------------------- Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -------------Loans and discounts (including
overdrafts) Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ----------------------------- ________ Investments and other assets indi-
rectly representing bank premises or other real estate ------------------------Customers' liability to this bank on acceptances outstanding..................
Other assets ----------------- ----------------------

843,611.52 710,069.41
25,850.00 None None
770,402.70 21,493.29 2.00
None None 1,675.96

Total Assets ---------------------------------- $ 2,373,104.88

LIABILITIES

Demand deposits --------------------------------- _$

Time deposits -----------------------------Deposits of U. S. Government _______

Deposits of States and political

subdivisions -------------------------------------

Deposits of banks ----------------------------- ___

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

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

Acceptances executed by or for ac-

count of this bank and out-

standing ___ -------------------------------------Other liabilities

Capital

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

SUunrdpilvuids e-d---p--r-o---f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_--_

Reserves ------------------------------------------------

1,552,557.59 492,376.77 3,687.66
122,806.26 50,296.79
8,707.02 None
None None 50,000.00 65,000.00 8,122.79 19,550.00

Total Liabilities_____________________________ $ 2,373,104.88

TWENTY-EIGHTH ANNUAL REPORT

25

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF CAMILLA Camilla, Ga.

As called for by the Superintendent of Banks.

W. W. BROOKS, President.
Date of Charter: 11-4-1889

J. E. BROOKS, JR. Cashier.
Began Business: 1-2-1890

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $

United States Government obligations direct and guaranteed
Obliga!i~n.s of States and political

SubdiVISIODS --------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) .......

Loans and discounts (inc 1u ding

overdrafts) _______

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

Bank premises owned, furniture and

fixtures

---------

Real estate owned other than bank

premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate _ Customers' liability to this bank on acceptances outstanding_________________ Other assets ___________________

Total Assets---------------------------------- $

237,343.57 214,000.00
14,533.33 None None
241,299.77 9,500.00 1.00
None None 21,145.19 737,822.86

LIABILITIES
Demand deposits __ -------------------------------- $ Time deposits ________ -------------------Deposits of U. S. Government ___ Deposi~s. .of States and political

SUbdiVISIODS --------------------------------------
Deposits of banks -----------------------------Other deposits (certified and offi-

cers' checks, etc.)-------------------

Bills payable_________________________

_____

Acceptances executed by or for ac-

count of this bank and out-

standing ------------------------------------------

OCathpeitrallia__b__i__l_ities ....

__________________ _

SUunrdpilvuids ed profi-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Reserves --------------------------------------------------

474,613.02 38,421.73 14,539.24
156,889.40 None
8,976.24 None
None None 25,000.00 12,500.00 1,883.23 {i,OOO.OO

Total Liabilities___________________________ $ 737,822.86

STATEMENT

Showing condition at the close of business December 31, 1947, of

PLANTERS & CITIZENS BANK CamHia, Ga.

As called for by the Superintendent of Banks.

E. J. VANN, JR. President.
Date of Charter: 9-20-1904

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------- $ United States Government obliga-

tions, direct and guaranteed -------Obliga!i~n.s of States and political

SubdiVISIOnS --------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank)-------------------Loans and discounts (including
overdrafts) _______________ ------------------------

Bank premises owned, furniture and

fixtures ---------------

--------

Real estate owned other than bank

premises -------------------------------------------- Investments and other assets indi-
rectly representing bank premises or other real estate _______________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets.._____________ --------------------

814,319.27 457,000.00
5,800.00 None None
1,153,186.56 16,000.00 None
None None None

Total Assets---------------------------------- $ 2,446,305.83

Demand deposits___L___I_A____B__I__L___I_T___I_E___S________ $

Time deposits

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

Deposits of U. S. Government__________

Deposi~. .of States and political

subdlVISIODS -------------------------------------
Deposits of banks ____ ---------------------------Other deposits (certified and offi-
Bicllesrps'aycahbelcek_s__,___e_t_c__.)_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-

Acceptances executed by or for ac-

count of this bank and out-

standing

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

Other liabilities.......................,.... ,........

Debentures ____________ ---------------------------------

Capital ----------------- ------------------------------SUunrdpilvuids e_d___p__ro--f--i-t-s--_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_

Reserves -----------------------------------------------

1,473,669.18 761,147.08 6,391.01
72,109.77 None
17,310.83 None
None None 9,700.00 40,000.00 40,000.00 11,977.96 14,000.00

Total Liabilities_____________________________ $ 2,446,305.83

26

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF CANTON

Canton, Ga.

As called for by the Superintendent of Banks.

E. 0. McFATHER, President.
Date of Charter: 11-17-1892

L. L. McCANLESS, Cashier.
Began Business: 12-18-1892

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed --------Obligations of States and political
subdivisions _____

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)

Loans and discounts (inc Iu ding

overdrafts)

_______..__ _

Bank premises owned, furniture and

fixtures

_______ _

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate Customers' liability to this bank on

acceptances outstanding----------------Other assets____..........___ ,-.........................

1,040,231.30 2,887,302.09
71,316.60 24,940.94
None 586,853.33
23,079.60 None
None NoRe None

Total Assets----------------------------------- $ 4,633,723.86

LIABILITIES

Demand deposits

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

Time deposits ------------------ ---------------------Deposits of U. S. Government __

Deposi~s. _of States and political

subdtvtswns ------------------------

Deposits of banks ______ --------------------------

Other deposits (certified and offi-

cers' checks, etc.)

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

Bills payable ---------------Acceptances executed by or for ac~

count of this bank and out-

standing

Other liabilities ------------------ --------------------

Capital __

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

Surplus

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

Undivided profits

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

Reserves

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

2,589,530.85 1,079,509.19
527,137.54
89,038.44 68,235.69
8,551.14 None
None 7,922.89 100,000.00 100,000.00 53,588.21 10,209.91

Total Liabilities _

--- $ 4,633,723.86

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _________ $

United States Government obliga-

tions, direct and guaranteed ---------

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) -------------------Loans and discounts (including

overdrafts) ---------------------------------------Bank premises owned, furniture and

fixtures ------------------- ---------------------Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on

acceptances outstanding-----------------Other assets- ........... _ --------.-.........._____ _

1,125,462.27 1,159,500.00
2,000.00 None None
1,380,913.23 15,069.55 None
None None None

Total Assets ______________________,.___________ $ 3,682,945.05

LIABILITIES TDiemmea ndde pdoespiot ssi_t_s_-_-__-_-_-_-_-_-__-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__ $

Deposits of U. S. Government ___________

Deposi~s. .of States and political

subdtvtswns ------------------------------------

Deposits of banks --------------------------------Other deposits (certified and offi-

cers' checks, etc.)-----------------------------

Bills payable ______

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

Acceptances executed by or for ac~

count of this bank and out-

standing -------------------------------------------

Other liabilities_ -----------..------------------

Capital

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

SUunrdpilvuids e-d---p---r-o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-.-,

Reserves ------------------------------------------------

1,907,351.19 1,384,062.13
17,500.52
183,064.66 27,271.70
None None
None None 50,000.00 100,000.00 2,316.76 11,378.09

Total Liabilities______________________________ $ 3,682,945.05

TWENTY-EIGHTH ANNUAL REPORT

27

STATEMENT

S'howing condition at the close of business December 31, 1947, of THE PEOPLES BANK OF CARROLLTON 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 908,425.56

United States Government obliga-

tions, direct and guaranteed _________ 2,489,500.00

Obligati<?n.s of States and political

SUbdiVlSlOllS ................. ----------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) -------

None

Loans and discounts (including

overdrafts) ----------------------------------------

993,343.00

Bank premises owned, furniture and

fixtures ------------------------------- _____________ _

24,001.00

Real estate owned other than bank

premises -------------------------------

1,739.25

Investments and other assets indi-

rectly representing bank premises or other real estate_______________

None

Customers' liability to this bank on acceptances outstanding__________________

None

- - - - - Other assets............................................

None

Total Assets _________..___..____, ______.._____ $ 4,417,008.81

LIABILITIES

Demand deposits _

__ $

Time deposits

________ ________

Deposits of U. S. Government _______

Deposits of States and political subdivisions ------------------- ____________________

Deposits of banks ------------------------------Other deposits (certified and offi-
cers' checks, etc.) ---------------------------Bills payable -------..---------------------------- --Acceptances executed by or for ac~
count of this bank and out-
Otshtearndliinagbil-i--t-i-e--s--.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital -----------------------------SUunrdpilvuids ed prof-i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-___-_-_-_-_-_________________

Reserves --------------------------------------------------

3,813,809.86 None
38,542.75
265,108.24 7,949.56
8,958.68 None
None 8,126.00 100,000.00 90,000.00 28,619.27 55,894.45

Total Liabilities

------- $ 4,417,008.81

STATEMENT

Showing condition at the close of business December 31, 1947, of

WEST GEORGIA BANK & TRUST COMPANY Carrollton, Ga.

As called for by the Superintendent of Banks.

M. C. ROOP, President.
Date of Charter: 3-16-1946

C. P. COBB,
Cashier. Began Business: 9-3-1946

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ________ $ 489,430.90

United States Government obliga-

tions, direct and guaranteed __________ 438,873.59

Obligations of States and political

subdivisions

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

25,365.00

Other bonds, notes, and debentures

14,981.25

Corporate stocks (including stock of

Federal Reserve Bank)----------

4,500.00

Loans and discounts (including

overdrafts) ------------------------------..---

528,808.54

Bank premises owned, furniture and

fixtures -----------------------------------------------

12,696.60

Real estate owned other than bank

premises -------------------------------------------

None

Investments and other assets indi-

rectly representing bank premises or other real estate._________________________

None

Customers' liability to this bank on

acceptances outstanding_________________

None

- - - - - Other assets______________ ----------------------------

5,485.35

Total Assets

1,520,141.23

LIABILITIES

Demand deposits

___ $

Time deposits __ ----------------------------------Deposits of U. S. Government _______

Deposits of States and political

subdivisions __ Deposits of banks

------------------___________________ _

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------

Bills payable

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

Acceptances executed by or for ae~

count of this bank and out-

standing

____________________ _

Other liabilities __ ----------------------

Capital ------------------- ---------------------------

Surplus

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

Undivided profits-----------------------------------

Reserves -----------------------------------------------

941,856.04 95,757.18 None
261,889.36 61,619.16
2,099.05 None
None None 100,000.00 50,000.00 5,734.14 1,186.30

Total Liabilities_____________________________ $ 1,520,141.23

28

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $ United States Government obligations, direct and guaranteed Obliga~ion.s of States and political
subdiVISIOllS _____________________ _
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) Loans and discounts (including
overdrafts)
Bank premises owned, furniture and fixtures ____
Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi...
rectly representing bank premises
or other real estate-----------------Customers' liability to this bank on
acceptances outstanding___
Other assets.........................

269,794.30 834,100.00
31,000.00 None None
460,853.53 800.00 None
None None None

Total Assets --------------------------- ___ $ 1,596,547.83

LIABILITIES

Demand deposits -------------------------- $ Time deposits----Deposits of U. S. Government ___________

Deposi!"'..of States and political

subdiVISions

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

Deposits of banks ___________~--------------------

Other deposits (certified and offi-

cers' checks, etc.)------------------

Bills payable ____ ------------------------ ---- Acceptances executed by or for ac-

count of this bank and out-

standing

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

Other liabilities_.___ ---------------------

Capital --- ------------ --------------------

Surplus ------ ---------------------

Undivided profits--------------------

Reserves ------------------------------------------------

1,140,820.01 280,129.74 14,555.15
89,899.17 None
5,347.49 None
None None 25,000.00 30,000.00 2,618.01 8,178.26

Total Liabilities ............_-------- $ 1,596,547.83

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection __ ... $ United States Government obligations, direct and guaranteed Obliga~i'?n.s of States and political
subdtvtstons -----------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-------Loans and discounts (including
overdrafts) --------------. ---Bank premises owned, furniture and
fixtures ----------------------------------- Real estate owned other than bank
premises ---------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding_________________
Other assets............................................

181,861.82 1,099,528.13
None 60,000.00
None 378,882.44
10,922.00 None
None None None

Total Assets------------------------$ 1,731,194.39

LIABILITIES Demand deposits ------ . ---------------- $ Time deposits -----------------------------~-------- Deposits of U. S. Government---Deposits of States and political
subdivisions --------------------------Deposits of banks --------------------------Other deposits (certified and offi-
cers' checks, etc.)-----------------------------Bills payable---------------------------------Acceptances executed by or for ac~
count of this bank and out-
standing _____ ---------------------------------------Other liabilities __ -------------------------Capital ----------------------------------Surplus ------------- ------------------ Undivided profits ----------------------
Reserves ------------------------------------------------

777,203.91 663,348.50
75,503.75
121,072.29 None
2,142.34 None
None 6,500.84 25,000.00 50,000.00 10,422.76
None

Total Liabilities__.________________________ $ 1,731,19~.39

TWENTY-EIGHTH ANNUAL REPORT

29

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection -----.$

United States Government obliga-

tions, direct and guaranteed__

Obliga!ion.s of States and political

subdJV!SlOnS ------- --------

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

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank)________ _______

Loans and discounts (including

overdrafts) ------------ -----

Bank premises owned, furniture and

fixtures

_ _____

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises or other real estate______

Customers' liability to this bank on acceptances outstanding_______

Other assets ______ --------------------------------------

525,085.64 707,200.00
4,500.00 None None
472,647.05 200.00
None
None None 500.00

Total Assets ----------------------------------- $ l,710,132.69

LIABILITIES

Demand deposits ------------------------------ ____ $

Time deposits --------------------------------------Deposits of U. S. Government __________

Deposits of States and political

subdivisions ---------------------------------------

Deposits of banks _____ -----------------------

Other deposits (certified and offi-

cers' checks, etc.)------------------------------

Bills payable

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

Acceptances executed by or for

account of this bank and out-

standing ----------------------------------------

Other liabilities ---------------------------------Capital ______ ----------------------------

Surplus --------------------------------------------------

Undivided profits------ --------------------------

Reserves ---------------------------------------------

889,001.96 224,133.87
1,933.35
500,418.40 None
1,445.13 None
None 7.50
25,000.00 25,000.00 42,192.48
1,000.00

Total Liabilities ____ ---------------------------- $ 1,710,132.69

STATEMENT Showing condition at the close of business December 31, 1947, 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: 5-1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $ 421,691.39

United States Government obliga-

tions, direct and guaranteed __ _

779,900.00

Obligations of States and political

subdivisions _

5,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) -----

None

Loans and discounts (inc Iu ding

overdrafts) .

------

345,618.76

Bank premises owned, furniture and

fixtures ---------------------------------------------

3,199.00

Real estate owned other than bank

premises ________ ----- _

----

None

Investments and other assets indi-

rectly representing bank premises

or other real estate___

None

Customers' liability to this bank on

acceptances outstanding__

None

- - - - - Other assets...........................................

None

Total Assets ----------------------------------- $ 1,555,409.15

LIABILITIES

Demand deposits ------------------------------ $

Time deposits ---------

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

Deposits of U. S. Government________

Deposi!s. _of States and political

subdtVlSIOTIS ---------------------------------------

Deposits of banks --------------------------------Other deposits (certified and offi-

cers' checks, etc.)------------------------------

Bills payable -----------------------------------------Acceptances executed by or for

account of this bank and out-

standing ---------- ---------------------------

Other liabilities -------------------------------------

Capital

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

Surplus

_______ ---------------------------

Undivided profits----------------------------------

Reserves ------------------------------------------------

1,052,374.89 397,184.14 None
28,047.49 None
3,166.26 None
None None 25,000.00 35,000.00 14,636.37 None

Total Liabilities______________________________ $ 1,555,409.15

30

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31. 1947, of

THE CLAXTON BANK

Claxton, Ga.

As called for by the Superintendent of Banks.

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

ROY STYLES, Cashier.
Began Business: 2-24-1941

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed _________

Obliga!i~n.s of States and political

SUbdlVlSIOTIS

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) __

____

Loans and discounts (inc I u ding

overdrafts)

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

Bank premises owned. furniture and

fixtures

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

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate------------------------Customers' liability to this bank on
acceptances outstanding
Other assets........ ............................

Total Assets

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

274,614.02 202,744.22
43,415.35 None None
229,468.40 2,703.97 None
None None None 752,945.96

LIABILITIES Demand deposits __ ................................ $
Time deposits ---------------------------------------Deposits of U. S. Government__________ Deposi~s . .of States and political
subdivisiOns ________ -----------------------Deposits of banks __ ..........................-.. .. Other deposits (certified and offi.
cers' checks, etc.) __ --------------------------Bills payable .....-....-------------......-------Acceptances executed by or for
account of this bank and outstanding Other liabilities _._.._.._..............
Capital ---------------Surplus ____
Undivided profits _ Reserves _

619,358.29 12,000.00 3,530.66
27,792.38 None
1,174.96 None
None None 25,000.00 50,000.00 14,089.67 None

Total Liabilities

. $ 752,945.96

STATEMENT

Showing condition at the close of business December 31., 1947, of

TIPPINS BANKING CO., INC. Claxton, Ga.

As called for by the Superintendent of Banks.

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

R. R. TIPPINS, JR., Cashier.
Began Business: 9-3-1940

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ________ $

United States Government obliga-

tions, direct and guaranteed

Obliga!i~n.s of States and political

subdiVISIOnS ------------- -- ---- -

-

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ______.............

Loans and discounts (including

overdrafts) ..______

---

Bank premises owned, furniture and fixtures ____________________

Real estate owned other than bank

premises _____

--

Investments and other assets indi-

rectly representing bank premises

or other real estate

___ _

Customers' liability to this bank on

acceptances outstanding ----------------

Other assets.......................................

239,686.78 585,774.53
24,962.93 None None
211,956.94 1,158.88 None
None None None

Total Assets -

. $ 1,063,540.06

LIABILITIES

Demand deposits

............. $

Time deposits

Deposits of U. S. Government _____

Deposits of States and political

subrlivislons

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

Arceptances executed by or for

account of this bank and out-

standing Other liabilities ___________.......__________________

Capital

Surplus

Undivided profits _____________________

Reserves

913,029.18 30,376.00 10,707.46
41,127.07 None
2,134.71 None
None None 25.000.00 25,000.00 10,698.22 5,467.42

Total Liabilities _

------------- $ 1,063,540.06

TWENTY-EIGHTH ANNUAL REPORT

31

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _________ $

United States Government obligations, direct and guaranteed __________
Obliga~i~n~ of States and political

SUbdiVlSIODS _

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ~~~~~

Loans and discounts (including

overdrafts ) ~~~~~~~~~~~~ ~~~~~~~~~~-~~~~~---~---~~--~

Bank premises owned, furniture and

fixtures ---------------------------- -----------------Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding_________________

Other assets..........................................._

689,771.93 565,600.00
9, 750.00 None None
336,877.89 2,700.00 None
None None None

Total Assets~-~~--------------------$ 1,604,699.82

LIABILITIES Demand deposits~------------------------- $ Time deposits ________ ------------------------------Deposits of U. S. Government~---~~ ___ Deposi!"..of States and political
subdlVlSlODB ---------------------------------------
Deposits of banks~---- Other deposits (certified and offi-
cers' checks, etc.)-----------------------------Bills payable---~~~~---Acceptances executed by or for ac-
count of this bank and outstanding --------------------------------------- _____ Other liabilities~~---------~~-----~---------Capital ~~~~--~----- -----------~--~---- Surplus ~-- ~~-~~----------- -~------------~Undivided profits~-------~~~-~~---------Reserves --------------------------------------------------

1,458,511.29 None
4,200.00
56,436.85 None
5,364.96 None
None None 25,000.00 25,000.00 30,186.72 None

Total Liabilities~ ---~~~---~------ $ 1,604,699.82

STATEMENT

Showing condition at the close of business December 31. 1947, of

THE PEOPLES BANK Cleveland, Ga.

As called for by the Superintendent of Banks.

C. E. HEAD,
President. Date of Charter: 12-11-1945

W. N. NOELL, Cashier.
Began Business: 7-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed. _________
Obliga!i'?n.s of States and political
SUbdlVlSlODS ---
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------Loans and discounts (including
overdrafts) ----------------------~-------- Bank premises owned, furniture and
fixtures ---------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate~------------~------- Customers' liability to this bank on acceptances outstanding~-~------Other assets............................................
Total Assets~--------------------------------$

172,209.99 225,000.00
None None None 193,636.13 1,119.00 None
None None None 591,965.12

LIABILITIES

Demand deposits ~-------------------~ $

Time deposits _

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

Deposits of U. S. Government~-~---

Deposits of States and political

subdivisions -------------------------------------Deposits of banks...--~- -------------Other deposits (certified and offi-

cers' checks, etc.) ----------------------------Bills payable ---- ---------------~-----~- Acceptances executed by or for ac-

count of this bank and out-

standing ~-~~--------------------------------

Other liabilities..-----------------------------Capital ----------~-~--------~--------------- Surplus -~----~-----------------~------------~---Undivided profits~~----------~---------

Reserves -------------------------------------------------

432,224.58 14,671.17
None
94,110.36 None
632.92 None
None None 35,000.00 11,000.00 4,326.09 None

Total Liabilities~~---~------------------ $ 591,965.12

32

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31., 1947, of

COOK BANKING CO. Cochran, Ga.

As called for by the Superintendent of Banks.

E. COOK, President.
Date of Charter: 4-24-1942

TAYLOR COOK,
Cashier. Began Business: 7-1-1942

ASSETS
Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed Obliga~i~n.s of States and political

subdlVlSlODS ---------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ~~~~~- ~~--~

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

------- _

Real estate owned other than bank

premises ------------------------------- -----------Investments and other assets indi-
rectly representing bank premises or other real estate ______ ____________

Customers' liability to this bank on

acceptances outstanding------------------

Other assets

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

Total Assets~- ................................ $

287,186.02 25!1,500.00
None None None 347,156.82 3,000.00 None
None None None 893,842.84

LIABILITIES
Demand deposits - $ Time deposits ---------------------------------------Deposits of U. S. Government----------Deposits of States and political
subdivisions --------------------------------------Deposits of banks ~~~- Other deposits (certified and offi-
cers' checks, etc.) -----------------------------Bills payable. . ~-.. ~ Acceptances executed by or for ac-
count of this bank and outstanding ______ -----------------------------------Other liabilities ....................................
Capital ~ .......................
Surplus ---------- --------------------- -----------------Undivided profits~~ Reserves --------------------------------------------------

706,750.77 99,214.96 5,622.34
25,625.98 None
996.43 None
None None 25,000.00 15,000.00 15,632.36 None

Total Liabilities~...........~............. $ 893,842.84

STATEMENT

Showing condition at the close of business December 31, 1947, of

STATE BANK OF COCHRAN Cochran, Ga.

As called for by the Superintendent of Banks.

L. S. LEACH, President.
Date of Charter: 12-22-1921

L. L. PHILLIPS, Cashier.
Began Business: 1-5-1922

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed
Obliga~i~n.s of States and political

SUbdiVlSlOTIS

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ..........

Loans and discounts (including

overdrafts) ~--""-

Bank premises owned, furniture and

fixtures ______

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

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi..
rectly representing bank premises
or other real estate ......._ Customers' liability to this bank on
acceptances outstanding
Other assets

431,282.60 612,586.20
7,135.20 10,174.96
None 304,300.18
2.00 None
None None None

Total Assets .................................. $ 1,365,481.14

LIABILITIES Demand deposits..................- $ Time deposits ---------------------------------------Deposits of U. S. GovernmenL........ Deposi~. _of States and political
SUbdlVlSlODS ------------------------------------
Deposits of banks - Other deposits (certified and offi-
cers' checks, etc.)-Bills payable~-- Acceptances executed by or for
acconnt of this bank and outstanding -------------------------------------------Other liabilities......................................
Capital --- Surplus .............. - Undivided profits..................................
Reserves ------------------------------------------------

979,409.64 157.651.78
18,358.82
127,482.09 None
1,890.99 None
None 5,459.89 25,000.00 30,000.00 5,227.93 15,000.00

Total Liabilities.............................. $ 1,365,481.14

TWENTY-EIGHTH ANNUAL REPORT

33

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF COLLEGE PARK College Park, Ga.

As called for by the Superintendent of Banks.

J. W. STEPHENSON, President.
Date of Charter: 10-4-1945

J. N. WALKER, Cashier.
Began Business: 1-7-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection~------- $ United States Government obligations, direct and guaranteed_ Obliga~i~n~ of States and political
subd1v1S10ns ---------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) -------~-------------------------------Bank premises owned, furniture and
fixtures ---~-- ------------------------~ Real estate owned other than bank
premises ,_________________________________________

Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on

acceptances outstanding___________

Other assets______

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

345,952.79 357,535.11
10,492.34 None None
67 4,967.83 7,077.41 None
None None 5,682.46

Total Assets ___________ --------------------~-$ 1,401,707.94

LIABILITIES

Demand deposits----------------------------- _____ $

Time deposits _

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

Deposits of U. S. Government _______

Deposits of States and political

subdivisions ----------------------------------------

Deposits of banks _____

_____ _

Other deposits (certified and offi-

cers' checks, etc.) ________ -------------~-----Bills payable--~----Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities -----------~----------~--------------

Capital ____

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

Surplus

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

Undivided profits _ -----------------------------

Reserves ___ ---------------- _---------------------------

690,685.68 447,139.49
None
179,887.20 None
826.00 None
None 8,663.42 50,000.00 15,000.00 8,506.15 1,000.00

Total Liabilities --~---~---------------------~ $ 1,401,707.94

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash balances with other banks, in-
cluding reserve balances, and cash items in process of collection --------- $ United States Government obligations, direct and guaranteed _________

Obligations of States and political
subdivisions Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank) -~----
Loans and discounts (including overdrafts) ___ _----~---------------------------
Bank premises owned, furniture and fixtures ________ -----------------------

Real estate owned other than bank
premises _______ --------- -----------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________

Customers' liability to this bank on acceptances outstanding__________________

Other assets ~---

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

597,252.45 931,680.00
13,000.00 None
2,400.00 915,930.39
None None
None None 19,200.24

Total Assets ------------------ --------------- $ 2,479,463.08

LIABILITIES

Demand deposits---------------------------------- $ Time deposits ____

Deposits of U. S. Government~-------

Deposits of States and political

subdivisions ------------------------------------Deposits of banks--~----------------------- -~ Other deposits (certified and offi-

cers' checks, etc.)----------------------------Bills payable ________________ --------------------~---

Acceptances executed by or for account of this bank and out-

standing ____ -------------------------------------

Other liabilities~--------

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

Capital -~--------------------~--- ------------------------

Surplus

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

Undivided profits -----------------------------------

Reserves

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

1,675,305.3& 514,270.65 38,876.74
81,314.98 None
3,211.60 None
None 28,933.75 40,000.00 40,000.00 32,550.00 25,000.00

Total Liabilities --------------------------- $ 2,479,463.08

34

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

COLUMBUS BANK AND TRUST COMPANY Columbus, Ga.

As called for by the Superintendent of Banks.

J. J. PEASE, President.
Date of Charter: 12-24-1888

J AS. A. LEWIS, Cashier.
Began Business: 1872

ASSETS

Cash balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ________ $ 10,086,341.58

United States Government obliga-

tions, direct and guaranteed ________ _ 14,977,855.81

Obligations of States and political

subdivisions ________________________ _

1,031,920.00

Corporate stocks (including stock of

Federal Reserve Bank) _____ ___ . __

127,306.25

Loans and discounts (inc Iu ding

overdrafts)

___________________ ----------- 7,542,063.69

Bank premises owned, furniture and

fixtures -----------------------------------------------

333,917.08

Real estate owned other than bank

premises --------------------------------------------

None

Investments and other assets indi-

rectly representing bank premises

or other real estate------------------

None

Customers' liability to this bank on

acceptances outstanding__

None

Other assets _____ ------------------------------

13,854.58

Total Assets --------------------- ------------- $ 34,128,258.99

LIABILITIES

Demand deposits -------------------------- $ 20,991,247.58

Time deposits----------------------------------------- 7,350,439.58

Deposits of U. S. Government___________

451,166.39

Deposi?'. _of States and political

subdiVISIOnS

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

2,508,536.50

Deposits of banks ---------------------

440,317.24

Other deposits (certified and offi-

cers' checks, etc.)-----------~-

26,908.01

Bills payable ________ ------------------------- _______

None

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities ------------------------------------

Capital -------------------- -------------------------------

Surplus _------------------- ------------------------------

Undivided profits__

--------- ____

None 20,056.34 850,000.00 1,000,000.00
489,587.35

Reserves --------------------------------------------------

None

Total Liabilities ______ ------------------ $ 34,128,258.99

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE MERCHANTS & MECHANICS BANK OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

JACK B. KEY,

J. A. HARLEY,

President.

Vice-President and Cashier.

Date of Charter: 12-14-1871

Began Business: 1872

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $
United States Government obligations, direct and guaranteed _
Obliga~i~n.s of States and political subdivisions ---------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) _ ------------Loans and discounts (inc I u ding
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures ------------------------------ __ Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding__________________
Other assets___________________________________________

3,342,111.49 6,629,381.04
None 500.00 21,005.00 5,764,654.98 84,001.00 None
None None None

Total Assets _--------------------------------- $ 15,841,653.51

LIABILITIES

Demand deposits----------------------------------$ 10,931,126.09

Time deposits_ ---------------------------------- 2,775,178.24

Deposits of U. S. Government__________

34,485.60

Deposits of States and political

subdivisions ---------------------------------------Deposits of banks___ _____ --------------------

909,322.00 157,733.31

Other deposits (certified and offi-

cers' checks, etc.)------------------------------

42,923.45

Bills payable------------------------------------------Acceptances executed by or for

None

account of this bank and out-

Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

None 40,000.00

Capital

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

SUunrdpilvuisded --p--r--o--f--i-t-s--_-_-__-_-_-___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

200,000.00 500,000.00 85,184.82

Reserves --------------------------------------------------

165,700.00

Total Liabilities --------------------------- $ 15,841,653.51

TWENTY-EIGHTH ANNUAL REPORT

35

STATEMENT Showing condition at the close of business December 31, 1947, 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-President. Began Business: 1892

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ---- $
United States Government obligations, direct and guaranteed
Obliga~it;n_s of States and political

subdiVISlODS ----------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

___ _

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and fixtures ._______

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate____________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets_______

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

Total Assets

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

64,484.60 100,000.00
None None 1,610.46 442,016.92 121,718.65 51,309.16
None None 2,966.13 774,004.82

LIABILITIES Demand deposits _________________________________ Time deposits ______________________________________ $
Deposits of U. S. Government___ Deposi~. _of States and political
subdiVISIOns -----------------------------------Deposits of banks ________ -----------------------Other deposits (certified and offi-
cers' checks, etc.)----------------------------Bills payable------------------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil-i--t-i-e--s--_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_
Capital ---------------------------------------------------USunrdpilvuids ed----p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_--
Reserves -------------------------------------------------

None 324,888.65
None
None None
None None
None 92,051.37 100,000.00 200,000.0 67,064.90
None

Total Liabilities____________________________ $ 774,004.82

STATEMENT

Showing condition at the close of business December 31, 1947, of

ROWE BANKING COMPANY Comer, Ga.

A,s called for by the Superintendent of Banks.

R. M. ROWE, President.
Date of Charter: 10-3-1935

J. R. FINDLEY, Cashier.
Began Business: 10-10-1935

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection__________ $ 246,117.19

United States Government obliga-

tions, direct and guaranteed __________ 211,372.36

Obligations of States and political

subdivisions -----------------------------

12,136.70

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank)------------ _

None

Loans and discounts (including

overdrafts) ___ -------------------- ______

162,916.41

Bank premises owned, furniture and

fixtures ----------------------------------------------Real estate owned other than bank

643.96

premises ------------------------------------------ ___ Investments and other assets indi-

None

rectly representing bank premises

or other real estate

26.00

Customers' liability to this bank on acceptances outstanding__________________

None

- - - - - Other assets___ ---------------------------------------Total Assets ____________________________________ $

142.30 633,363.90

LIABILITIES Demand deposits----------------------------------- $ Time deposits ---------------------------------------Deposits of U. S. Government__________ Deposi~. .of States and political DespuobdstiVtslSoIOf nbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-
Other deposist (certified and offiBicllesrsp'aycahbelcek__s__.____e_t_c__._)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital ---------------------------------------------------SUunrdpilvuisde-d------p--r-o---f-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves --------------------------------------------------

616,607.26 32,297.01 8,106.61
33,170.96 None
669.90 None
None None 15,000.00 27,000.00 502.27 None

Total Liabilities_____________________________ $ 633,363.90

36

DEPARTMJ~;NT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

NORTHEASTERN BANKING COMPANY Commerce, Ga.

As called for by the Superintendent of Banks.

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

R. M. DAVISON, Cashier.
Began Business: 1892

ASSETS Cash. balances with other banks, in-
cluding reserve balances. and cash items in process of collection _______ $

United States Government obliga. tions. direct and guaranteed

Obliga!i<?n.s of States and political

SUbdiVlSIODS ---

--------

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) ___________________

Loans and discounts (including

overdrafts)

_____ _

Bank premises owned. furniture and

fixtures

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

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate ------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets __________ ------------------------------

581,412.95 6,000.00 8,000.00 None 2,250.00
896,844.17 10,725.23 None
None None 300.00

Total Assets------------------------------ $ 1,505,532.35

Demand

LIABILITIES deposits _________________________________

$

Time deposits -------------~--------------------- Deposits of U. S. Government Deposi~. .of States and political

DespuobsdiitvsiSoIOf nbsan--k--s--_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_

Other deposits (certified and offi-

cers' cheeks, etc.)----------------------------Bills payable ______ ---------------------------------Acceptances executed by or for
account of this bank and out-
standing _-------------------------------- _______

Other liabilities-------------------------------------

Capital -------------------------- ---------------------

Surplus -------------------------- ---------------------

Undivided profits

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

Reserves _------------------------- ---------------------

1,284,602.89 89,155.26 8,273.10
None None
9,968.88 None
None None 50,000.00 25,000.00 28,532.72 10,000.00

Total Liabilities____________________________ $ 1,505,532.35

STATEMENT

Showing condition at the close of business December 31, 1947, of

CONCORD BANKING COMPANY Concord, Ga.

As called for by the Superintendent of Banks.

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

MRS. KATHRYN BAKER, Cashier.
Began Business: 11-18-1903

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _________ $

United States Government obliga-

tions, direct and guaranteed ________

Obliga~i<?n~ of States and political

subdtvtstons

___________ _

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) ____________ --------------------------Bank premises owned, furniture and

fixtures ------------------------------- ---------------Real estate owned other than bank

premises -------------------------------------------

Investments and other assets indi...

rectly representing bank premises

or other real estate _______

______ _

Customers' liability to this bank on acceptances outstanding________________

Other assets -----------------------------------

Total Assets------------------------ $

196,120.86 241,200.00
7,514.78 None None
35,803.85 650.00 500.00
None None None 481,789.49

LIABILITIES

Demand deposits -------------------------------- $

Time deposits__

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

Deposits of U.S. Government

Deposits of States and political

subdivisions --------------------------------------

Deposits of banks

__ _

Other deposits (certified and offi-

r.ers' checks, etc.)----------------------------

Bills payable_

____

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities --------------- ---------------------

Capital

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

Surplus ----------------- ---------------------

Undidivided profits------------------------------

Reserves ---------------------------------------------

415,091.98 15,673.30 737.00
7,537.61 None
322.62 None
None None 25,000.00 12,500.00 4,926.98 None

Total Liabilities__________________________ $ 481,789.49

TWENTY-EIGHTH ANNUAL REPORT

37

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF CONYERS Conyers, Ga.

As called for by the Superintendent of Banks.

W. T. BALDWIN, President.
Date of Charter: 11-1-1904

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

ASSETS

Cash, balances with other banks, including reserve balances, and cash

items in process of collection ------ $ United States Government obliga-

tions, direct and guaranteed _

Obliga!i<?n.s of States and political

subdiVISIOnS ------

--------

Other bonds. notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ............

Loans and discounts (including

overdrafts)

......

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ----------------------------- ---------------Investments and other assets indi-
rectly representing bank premises

or other real estate

Customers' liability to this bank on

acceptances outstanding----------------Other assets ..........................................

Total Assets..........- ........................ $

269,063.16 354,000.00
1,000.00 None 2.00
167,538.79 500.00 None
None None None 792,103.95

LIABILITIES

Demand deposits

...... $

Time deposits _

___

Deposits of U. S. Government ..

Deposits of States and political subdivisions ______

Deposits of banks..................................

Other deposits (certified and offi-

cers' checks, etc.)----------------~-------Bills payable ............................._........

Acceptances executed by or for

account of this bank and out-

standing

Other liabilities

Capital

Surplus

Undivided profits

Reserves

659,721.90 51,598.80 None
18,505.03 None
None None
None None 30,000.00 10,000.00 17,628.22 4,650.00

Total Liabilities ........................... $ 792,103.95

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks.

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

M. H. IVEY, Cashier.
Began Business: 6-1901

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash items in process of collection__________ $

United States Government obliga-

tions, direct and guaranteed

Obliga!i<?n.s of States and political

subdtvtstons ----------------- ----------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate ........................

Customers' liability to this bank on acceptances outstanding_________________

Other assets.....- .....................................

375,782.11 868,500.00
None 100,062.50
None 234,539.26
4,300.00 None
None None None

Total Assets ..............._ ..............._ $ 1,583,183.87

LIABILITIES Demand deposits ....................._............ $

Time deposits -------------------------------Deposits of U. S. Government _______

Deposits of States and political

subdivisions

______ -------------------

Deposits of banks __________________________________

Other deposits (certified and offi-

cers' checks, etc.)-----------------------------Bills payable ........................................... Acceptances executed by or for
account of this bank and out-

standing

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

Other liabilities....................

Capital ______ -------------------------------------.--------Surplus ......................................_............ Undivided profits .................

Reserves ------------------------------------------

1,201,193.97 61,283.43 None
228,594.16 None
1,030.00 None
None None 50,000.00 25,000.00 16,082.31 None

Total Liabilities.............................. $ 1,583,183.87

38

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK OF COOLIDGE Coolidge, Ga.

As called for by the Superintendent of Banks.

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

C. E. GIBSON, Cashier.
Began Business: 11-20-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash item::. in process of collection _______ $

United States Government obligations, direct and guaranteed ________

Obliga!i'?n.s of States and political

subdtv1s10ns ---------------------------------------Other bonds, notes, and debentures
Corporate stocks (including stock of

Federal Reserve Bank)--------------------

Loans and discounts (inc Iu ding

overdrafts) _______

______ --------------

Bank premises owned, furniture and

fixtures

________ --------------------

Real estate owned other than bank

premises ---------------- ----------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on

Otahcecrepatsasnectess____o__u__t_s_t_a__n__d__i_n__g_-__-_-_-_-__-_-_-_-__-_-_-__-_-_-_-__-_-_

Total Assets ______ ---------------------------- $

17,433.78 391,400.00
9,000.00 None None
91,033.69 2,782.19 None
None None 2,945.24 514,594.90

LIABILITIES Demand deposits_____ --------------------------- $ Time deposits ____ -------------------------------------Deposits of U. S. Government_______ Deposits of States and political
subdivisions --------------------------------------Deposits of banks ______ --------------------------Other deposits (certified and offi
cers' checks, etc.) ___________:__________________
Bills payable ------------------------------------------Acceptances executed by or for
account of this bank and out-
standing ---------------------------------------------Other liabilities ________ ---------------------------Capital ----------------------------Surplus -------------------------------------------------Undivided profits ____________ ----------------------
Reserves -------------------- ----------------------------

452,081.94 16,535.95 None
2,804.86 None
121.44 None
None None 25,000.00 15,000.00 3,050.71 None

Total Liabiilties ________

514,594.90

STATEMENT

Showing condition at the close of business December 31, 1947, of

CORDELE BANKING COMPANY Cordele, Ga.

As called for by the Superintendent of Banks.

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

PLENY DuPREE, Cashier.
Began Business: 6-15-1927

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed
Obligations of States and political
subdivisions __ -------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ------Loans and discounts (inc I u ding
overdrafts) ________ ________________

Bank premises owned, furniture and

fixtures

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

__

Real estate owned other than bank

premises ____ -------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate .

Customers' liability to this bank on

acceptances outstanding -

Other assets _

1,213,098.75 1,300.000.00
None None None 255,703.35 835.00 None
None None None

Total Assets __________ --------

2,769,637.10

LIABILITIES
Demand deposits --------------------- _---- $ Time deposits __ ------- ---------------------------Deposits of U. S. Government _____

Deposits of States and political

subdivisions

Deposits of banks-

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

Other deposits (certified and offi-

Bilclesrps'aycahbelcek_s__,___e__tc__._)_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-

Acceptances executed by or for

account of this bank and out-

standing _----------------------- -------------------

Other liabilities __

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

Capital ____ ------------------------------------

Surplus ___ ------------------------------

Undivided profits_

-----

Reserves --------------------------------------

2,621,399.45 None
9,657.45
29,454.71 None
6,776.34 None
None None 25,000.00 25,000.00 52,349.15 None

Total Liabilities ----------------------------- $ 2,769,637.10

TWENTY-EIGHTH ANNUAL REPORT

39

STATEMENT

Showing condition at the close of business December 31., 1947, of

FIRST STATE IN CORDELE Cordele, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY,
President. Date of Charter: 12-3-1938

C. C. SHEARER, Cashier.
Began Business: 8-9-1934

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed_________ _
Obliga~i'?n.s of States and political

subdiVlSlODS ---------------- -----------------------
Other bonds, notes, and debentures
Corporate stocks (including stock of

Federal Reserve Bank)-------------------

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures ____ -----------------------------------

Real estate owned other than bank

premises _________________ ---------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate---------------~--------

Customers' liability to this bank on acceptances outstanding__________________

Other assets...---------

1,200,408.36 1,431,900.90
3,000.50 None None
419,751.23 19,943.23
None
None None 1,667.62

Total Assets .................................... $ 3,076,671.84

LIABILITIES Demand deposits................................ ___ $

Time deposits __ ---------------------------------Deposits of U. S. Government Deposi~s. _of States and political
subdlVlSlOnS ---------------------------Deposits of banks -------------Other deposits (certified and offi-
Bilclesrps'aycahbelcek_s__,___e_t_c__._)_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_____

Acceptances executed by or for account of this bank and out-

standing ---------------------------------------------

Other liabilities

------

Capital -----------

Surplus ----------------

Undivided profits..........--------

Reserves --------------------------------------------------

2,338, 790.07 342,660.38 31,704.97
74,780.81 141,883.75
12,067.04 None
None None 50,000.00 50,000.00 21,566.46 13,218.36

Total Liabilities-----$ 3,076,671.84

STATEMENT Showing condition at the close of business December 31, 1947, of
CORNELIA BANK Cornelia, Ga.
As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $

United States Government obliga-
tions, direct and guaranteed------Obliga~i~n.s of States and political
SUbdiVISlODS ---------------------------------------Qther bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -------- Loans and discounts (inc I u ding

overdrafts) .

_ --------

Bank premises owned, furniture and

fixtures ----------------------------------------------Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate...---------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets....................----

422,852.33 1,510, 753.58
None None None 955,278.03 7,350.00
5.00
None None 1,105.54

Total Assets------- $ 2,897,344.48

LIABILITIES Demand deposits .................................... $ Time deposits________________________________________
Deposits of U. S. Government.......... Deposi~s. _of States and political
SUbdiVISIOnS -------------------------------- Deposits of banks..------------ Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable........................._________________
Acceptances executed by or for account of this bank and outstanding ----------------------------------------------
Other liabilities......-------- Capital --- Surplus ---------- Undivided profits....................................
Reserves -----------------------------------------------

1,622,394.92 852,478.45 23,152.81
227,216.74 3,456.75
4,970.75 None
None 2,569.34 40,000.00 80,000.00 33,104.72 8,000.00

Total Liabilities.............................. $ 2,897,344.48

40

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31. 1947, of

BANK OF COVINGTON & TRUST CO. Covington, Ga.

As called for by the Superintendent of Banks.

J. L. STEPHENSON, President.
Date of Charter: 4-10-1901

J. B. WEAVER,
Cashier. Began Business: 4-10-1901

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash items in process of collection _____ $ 1,030,537.70

United States Government obliga-

tions, direct and guaranteed Obliga~i~n.s of States and political
subdlVlSlOTIS ---- --------
Other bonds, notes, and debentures

2,493,375.77
147,743.51 None

Corporate stocks (including stock of

Federal Reserve Bank)

________ _

None

Loans and discounts (including overdrafts) __ __ ---- -- .- ~ ---------- _...-

852,131.59

Bank premises owned, furniture and

fixtures

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

-------

1,928.60

Real estate owned other than bank premises _________ ----- -------------------------- -

None

Investments and other assets indi-

rectly representing bank premises

or other real estate -------------------------

None

Customers' liability to this bank on

acceptances outstanding

None

Other assets ----

------

-

-

N
-

one
-

Total Assets------------- . $ 4,525,717.17

LIABILITIES

Demand deposits _

------ $

Time deposits --------- --- _

Deposits of U. S. Government ---------

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)--------------------

Bills payable

_____________ ---------------

Acceptances executed by or for

account of this bank and out-

standing

__ -------

Other liabilities -- -----------

Capital

------

Surplus

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

Undivided profits.-----------------

Reserves _______ -----------------------------------------

3,630,822. 70 128,212.91 33,202.97
385,701.98 None
3,841.88 None
None 41,436.84 100,000.00 100,000.00 102,497.89
None

Total Liabilities....____ --------- $ 4,525,717.17

STATEMENT

Showing condition at the close of business December 31., 1947, of

THE COMMERCIAL BANK Crawford, Ga.

As called for by the Superintendent of Banks.

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

W. M. FAUST, Cashier.
Began Business: 9-5-1924

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection ______ $

357,266.76

United States Government obligations, direct and guaranteed ---------
Obliga~i~n.s of States and political
SUbdiVISIOllS --------------------------------------Other bonds, notes, and debentures

513,433.21
None None

Corporate stocks (including stock of Federal Reserve Bank) - --- ----------

None

Loans and discounts (including
overdrafts) ---- ----- ------ __ ---- - -Bank premises owned, furniture and
fixtures ___________ ------ ---------------------------

312,860.36 1,700.00

Real estate owned other than bank premises _____ _________ --------- ---------- ---

None

Investments and other assets indi-

rectly representing bank premises

or other real estate---

-----

None

Customers' liability to this bank on

acceptances outstanding------------------

None

Other assets

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

None

Total Assets .. ----------$ 1,185,260.33

LIABILITIES

Demand deposits ------------- $

Time deposits_______

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

Deposits of U. S. Government

Deposi?>. _of States and political

subdiVISlODS

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

Deposits of banks --------

Other deposits (certified and offi-

cers' checks, etc.)-------------------

Bills payable _ --------

Acceptances executed by or for

account of this bank and out-

standing ___ -----------------------------------

Other liabilities --- --------

Capital ----------- --------

Surplus ----------------- --------------

Undivided profits-------------------

Reserves -----------------------------------------------

870,899.22 200,844.53 15,818.44
36,881.80 None
6,849.93 None
None None 30,000.00 22,500.00 1,466.41 None

Total Liabilities-------$ 1,185,260.33

TWENTY-EIGHTH ANNUAL REPORT

41

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF CUMMING Cumming, Ga.

As called for by the Superintendent of Banks.

ROY P. OTWELL, President.
Date of Charter: 10-11-1904

B. L. REDD, Cashier.
Began Business: 10-19-1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _$

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

_____ _

Other bonds, notes, and debentures

Corporate stocks (including stock of

:F'ederal Reserve Bank)

Loans and di::;counts (including

overdrafts)

______ _

Bank premises owned, furniture and

fixtures

Real estate owned other than bank premises _______

Investments and other assets indi-

rectly representing bank premises

or other real estate __

Customers' liabi1ity to this bank on

acceptances outstanding---------Other assets _____

429,828.23 785,528.54
36,057.40 None None
331,251.56 6,500.00 1,760.00
None None None

Total Assets

------------ $ 1,590,926. 73

LIABILITIES Demand deposits --------------------------------- $ Time deposits ___ _________

Deposits of U. S. Government _________

Deposits of States and political

subdivisions ______

_______________ _

Deposits of banks ------ _____ --------- _
Other deposits (certified and officers' checks, etc.)

Bills payable _ .------------------ -----------------Acceptances executed by or for
account of this bank and out-

standing

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

Other liabilities

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

Capital -------------------------------------

Surplus ---------------------------------------------------
Undivided profits----------------------------------Reserves --------- ----------------------------------------

1.094,306.14 319,257.01 None
90,986.57 None
1,105.16 None
None None 25,000.00 50.000.00 10,270.86 None

Total Liabilities----------------------------$ 1,590,925.73

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $

United States Government obliga-

tions, direct and guaranteed ---------

Obliga~i~n~ of States and political

subdiVlSIOllS -----

-----

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)-------------------

Loans and discounts (including

overdrafts) _____________ --------

---

Bank premises owned, furniture and fixtures _ _ __ __

Real estate owned other than bank premises ___________________________ --- ___ .

Investments and other assets indirectly representing bank premises
or other real estate- - ----- ----..-Customers' liability to this bank on
acceptances outstanding________________

Other assets _

434.841.14 638,765.67
11.865.50 None None
639,779.77 7,889.05 None
None None None

Total Assets ______ ---------------------------- $ 1.733,141.13

LIABILITIES

Demand deposits -------------------------- -------- $

Time deposits _

______ _

Deposits of U. S. Government __________

Deposits of States and political

subdivisions

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

Deposits of banks ______ --------------------------

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

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

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities

Capital

Surplus

_____ ---------------------

Undivided profits_ --------------------------------

Reserves -------------------------------------------------

1,366,067.60 21,727.15 16,587.92
208,692.63 None
6,165.90 None
None 1,500.00 25,000.00 25,000.00 68,400.03 6.000.00

Total Liabilities ___________________________ $ 1,733,141.13

42

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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: 5-27-1914

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection---$

United States Government obliga-

tions, direct and guaranteed ___

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)__

----

Loans and discounts (including overdrafts) _______________

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate

Customers' liability to this bank on

acceptances outstanding._________

Other assets -------------------------------------------

226,747.30 608,000.00
8,500.00 None None
285,727.51
1,001.00 400.00
None None 1,409.14

Total Assets---------------------------------- $ 1,131,784.95

LIABILITIES Demand deposits ____________________________________ $

Time deposits ----------------------------------------Deposits of U. S. Government _________

Deposits of States and political

subdivisions

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

Deposits of banks --------------------------------Other deposits (certified and offi-

cers' checks, etc.)

Bills payable-----,------------------------------------Acceptances executed by or for

account of this bank and out-

standing

Other liabilities _____________ ---------------- _

Capital

____________________ _

Surplus

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

Undivided profits _______

Reserves ______

906,599.74 None
2,087.40
141,953.77 None
12,731.20 None
None None 25,000.00 5,000.00 37,737.84 675.00

Total Liabilities --------------------------- $ 1,131,784.95

STATEMENT

Showing condition at the close of business December 31, 1947, 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

MISS MARGARET MAULDIN, Cashier.
Began Business: 10-12-1912

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed_________

Obligations of States and political

subdivisions

_______

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

_____

Loans and discounts (inc I u ding

overdrafts)

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

Bank premises owned, furniture and

fixtures ________

Real estate owned other than bank

premises------------------Investments and other assets indi-
rectly representing bank premises or other real estate________

Customers' liability to this bank on

acceptances outstanding

Other assets

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

801,644.92 652,307.07
None None None 1,647,206.44 14,250.00
None
None None 700.00

Total Assets ---------------------------------- $ 3,116,108.43

LIABILITIES

Demand deposits

__ --------------- ___ $

Time deposits _ _______

Deposits of U. S. Government _________

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------Bills payable

Acceptances executed by or for

account of this bank and outstanding _____________

Other liabilities ______

Capital ________

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

Surplus -----------------------Undivided profits

Reserves

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

1,867,902.24 862,938.47 12,667.50
155,152.62 40,000.00
635.26 None
None 1,520.00 50",000.00 75,000.00 25,292.34 25,000.00

Total Liabilities

-- $ 3,116,108.43

TWENTY-EIGHTH ANNUAL REPORT

43

STATEMENT

Showing condition at the close of business December 31, 1947, of

HARDWICK BANK & TRUST CO. Dalton, Ga.

As called for by the Superintendent of Banks.

P. B. FITE, President.
Date of Charter: 2-17-1922

L. Z. SPECK, Cashier.
Began Business: 2-20-1922

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed ______ _

Obligations of States and political

subdivisions --..----

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Rserve Bank) ~~~~---------~-----~-
Loans and discounts (including

overdrafts) -~~---~

~-----,--

Bank premises owned, furniture and

fixtures ----------------~--------------------Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises or other real estate_____ ________

Customers' liability to this bank on

acceptances outstanding-----------------Other assets -------------~~--- --------------------~--~

1.053.595.69 2,094,596.87
148.233.18 5.000.00
49,937.54 1.546,905.41
55.969.64 1,932.00
None None None

Total Assets~-~-~----- -------------------- ___ $ 4,956.170.33

LIABILITIES

Demand deposits

$

Time deposits ___________

Deposits of U. S. Government

Deposits of States and political

subdivisions

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

Deposits of banks _------------------

Other deposits (certified and offi-

cers' checks, etc.) ______ ----------------Bills payable

Acceptances executed by or for

account of this bank and outstanding

Other liabilities ~~---- --------~-~---------------~-~

Cap ita!

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

Surplus

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

Undivided profits _ ~---------~--------------------

Reserves -------------------------------------------------

2.619.467.18 1,937.137.45
14,606.14
4.984.79 52.390.82
14.626.04 None
None 10,000.00 100,000.00 100.000.00 82.957.91 20.000.00

Total Liabilities ~~-----------~~--~---------~- $ 4,956.170.33

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF DANIELSVILLE Danielsville, Ga.

As called for by the Superintendent of Banks.

MRS. ANNIE R. GRIFFITH, President.
Date of Charter: 12-11-1907

MRS. ANNIE R. GRIFFITH, Cashier.
Began Business: 1-15-1908

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection -------- $ United States Government obligations, direct and guaranteedObliga!i~n.s of States and political SUbdlVlSIOnS .------- ------------ -----------Other bonds, notes. and debentures Corporate stocks (including stock of Federal Reserve Bank) __ Loans and discounts (inc 1u ding overdrafts) Bank premises owned, furniture and fixtures ___________ ----- --------------------Real estate owned other than bank premises ---------------------------------------------Investments and other assets indirectly representing bank premises or other real estate..-------------------------Customers' liability to this bank on acceptances outstanding____________
Other assets -~ -----------~---~~--------
Total Assets~------~~~---~ -~---------------~~-~ $

364,483.70 306,500.00
None None None None 750.00 None
None None None 671,733.70

LIABILITIES

Demand deposits

----------~-~-~~------- $

Time deposits ----- _----------------------Deposits of U. S. Government ______

Deposits of States and political

subdivisions ----------------------------

Deposits of banks __ ~~~-

_____ _

Other deposits (certified and offi-

cers' checks, etc.)_

Bills payable ~~--- _~~-------------~--

Acceptances executed by or for ac-

count of this bank and out-

standing

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

Other liabilities ~~~----~--------~- --------~~--------

Capital Surplus

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

Undivided profits

Reserves

632.999.10 6.061.20 None
None None
589.07 None
None None 15.000.00 10.000.00 5.000.00 2,084.33

Total Liabilities -~~-- --------~-----------~-- $ 671,733.70

44

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE DARIEN BANK Darien, Ga.

As called for by the Su.perintendent of Banks.

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

P. E. CLARK, JR., Cashier.
Began Business: 1-24-1889

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection __________ $

United States Government obligations, direct and guaranteed __________

Obligations of States and political

subdivisions Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) __..___

Loans and discounts (including

overdrafts)

---------

Bank premises owned, furniture and

fixtures

----

Real estate owned other than bank premises ____________

Investments and other assets indi-

rectly representing bank premises

or other real estate_

Customers' liability to this bank on

acceptances outstanding-----------------

Other assets -------- --------------------------------

Total Assets __________________________________ $

138,736.70 692,716.00
3,000.00 None None
173,246.61 None None
None None None 907,699.31

LIABILITIES Demand deposits --------------------- _____________ $ Time deposits --------------------------Deposits of U. S. Government _______ Deposits of States and political Despuobsdiitvsisoifonbsank--s---_-_-_-_-_-_-_-_-_------------_-_-_-_-_-_-_______

Other deposits (certified and offiB i lcles rps 'a ycahbe cl ek s_,___e_t_c_._)_-_-_-__-_-_-_-_-_-_-_-"--_-__-_ _

Acceptances executed by or for

account of this bank and out-

standing

----------

Other liabilities ---------------------------------- Capital

SUunrdpilvuisde_d-----p--r--o--f-i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-________

Reserves -------------------------------------------------

674,277.22 242,946.71
None
19,571.39 None
4,156.62 None
None None 25,000.00 6,000.00 36,747.37 None

Total Liabilities _

907,699.31

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF DAWSON Dawson, Ga.

As called for by the Superintendent of Banks.

J.P. PERRY, President.
Date of Charter: 6-29-1911

H. F. SMITH, Cashier.
Began Business: 7-1-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $

United States Government obliga-

tions. direct and guaranteed --------Obligations of States and political

subdivisions _ ---------------------------------Other bonds, notes, and debentures
Corporate stocks (including stock of
Federal Reserve Bank) __

Loans and discounts (including overdrafts)

Bank premises owned, furniture and

fixtures __________ ________ _

______ _

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate _

Customers' liability to this bank on

acceptances outstanding-----------------

Other assets __ ---------------------------------------

727,556.72 986,400.00
None None None 471,282.88 26,815.60 None
None None None

Total Assets

------------------- $ 2,212,056.10

LIABILITIES

Demand deposits "-------------------------------- $

Time deposits _____________ -------------------

Deposits of U. S. Government_________

Deposits of States and political

subdivisions

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

Deposits of banks ____ - ------------------------

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------

Bills payable "------------- --------------------- ____

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities Capital

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

Surplus

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

Undivided profits ____

Reserves __ ----------------------------------------------

1,646,822. 78 357,665.33 11,987.46
86,376.34 10,167.05
6,232.22 None
None None 100,000.00 20,000.00 73,813.93 None

Total Liabilities _

---- $ 2,212,055.10

TWENTY-EIGHTH ANNUAL REPORT

45

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF TERRELL Dawson, Ga.

As called for by the Superintendent of Banks.

J. E. KING, President.
Date of Charter: 3-23-1936

R. A. HILL, Cashier.
Began Business: 5-1-1936

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ______

United States Government obliga-

tions, direct and guaranteed __ Obliga~i~n.s of States and political

subdi\~lSIOllS ----------------------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank ---------Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures ------------- --------------------- ______

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate-------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets~~..------------------------------..-

Total Assets ___________________________________ $

924,136.25 1,165,000.00
None None None 573,863.58 6,196.28 None
None None None 2,669,196.11

LIABILITIES

Demand deposits ----..------------------ $

Time deposits _

___ _

Deposits of U. S. Government__ Deposits of States and political

subdivisions ----------------------------------------
Deposits of banks ------------------------------Other deposits (certified and offi-

Bicllesrps'aycahbelcek_s_.,.___e__t_c...)_-_-_-_-_-.-.-__-_-_-_-_-_-_-_-__-_-_-_-_-.-.-_-.-.-_--_-

Acceptances executed by or for account of this bank and out-

standing ---------------------------------------------

Other liabilities -------..-------------..------

Capital

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

Surplus ----..----------..-------------------..-

Undivided profits--------..---------------------

Reserves ---------------------------------------------

1,940,117.73 500,939.62 31,404.25
8?:,025.05 13,233.45
4,885.57 None
None None 25,000.00 35,000.00 31,590.44 None

Total Liabilities----------..---------$ 2,669,196.1!

STATEMENT

Showing condition at the close of business December 31, 1947, of

TONEY BROTHERS BANK Doerun, Ga.

As called for by the Superintendent of Banks.

J. W. TONEY, President.
Date of Charter: 7-11-1945

J. W. TONEY, Cashier.
Began Business: 7-31-1945

ASSETS Cash, balances with other banks, in-
cluding reservP balances, and cash items in process of collection _$ United States Government obligations, direct and guaranteed Obligations of States and political subdivisions Other bonds. notes, and debentures Corporate stocks (including stock of Federal Reserve Bank _ Loans and discounts (inc I u ding overdrafts) Bank premises owned, furniture and
fixtures -------------------------------------- -Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate Customers' liability to this bank on acceptances outstanding______________
Other assets~------------------------------
Total Assets~ ________..__________.._,________ $

230,666.54 '26,000.00
6,000.00 None None
132,599.89 5,000.00 None
None None None 400,266.43

LIABILITIES

Demand deposits Time deposits

----------------------- $ __________ --- ________

Deposits of U. S. Government

Reposits of States and political subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)---------------

Bills payable - ~

--- _

Acceptances executed by or for account of this bank and out-

standing -- ---

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

Other liabilities

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

Capital ~--------------..------------------------

Surplus --------~- ____,_______________..______________

Undivided profits ___________..______________.._____

Reserves ----------------------------------------------

318.587.96 20,881.55 None
17,179.29 None
1,278.08 None
None None 25,000.00 15,000.00 1,289.55 1,050.00

Total Liabilities~..---------------------$ 400,266.43

46

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

COMMERCIAL STATE BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

D. F. WURST,
President. Date of Charter: 10-21-1938

MRS. 0. M. WURST, Cashier.
Began Business: 12-16-1938

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _________ $ 838,537.40

United States Government obliga-

tions, direct and guaranteed ___

225,000.00

Obligations of States and political

subdivisions -----------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank

None

Loans and discounts (including

overdrafts) __ -------------- -------

272,023.88

Bank premises owned, furniture and

fixtures _____ _ ------------------ -------------------

8,280.30

Real estate owned other than bank

premi~es ----------------------------

None

Investnlents and other assets indi-

rectly representing bank premises or other real estate____________________________

None

Customers' liability to this bank on

acceptances outstanding__

None

Other assets _____

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

None

----

Total Assets _ --------------------------- $ 1,343,841.58

LIABILITIES Demand deposits ----------------------------------- $ Time deposits _______ ------------------------------Deposits of U. S. Government__________ Deposi~. .of States and political
DeSpuobdsliVtslSolOfTbISan--k--s--_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_--------------
Other deposits (certified and officers' checks, etc.)
Bills payable _________ ---------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil_ities_______-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------------USunrdpilvuisde-d-----p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves -------- ----------------------------------------

889,563.60 234,497.60
5,381.54
139,913.85 None
6,257.99 None
None None 25,000.00 25,000.00 2,227.00 16,000.00

Total Liabilities_________________________ $ 1,343,841.58

STATEMENT

Showing condition at the close of business December 31, 1947, of

MERCHANTS AND FARMERS BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

HENRY 0. CUMMINGS, President.
Date of Charter: 9-24-1925

E. H. HOWARD, Cashier.
Began Business: 9-24-1925

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank --------- --- ------Loans and discounts (including

overdrafts) -------------------- -----------------Bank premises owned, furniture and

fixtures --- -- ---------------------Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises or other real estate____________________

Customers' liability to this bank on acceptances outstanding__________________
Other assets ______________________________________

453,914.71 518,000.00
12,000.00 None None
172,032.01 5,670.40 None
None None 276.30

Total Assets____________ ----------------------- $ 1,161,893.42

Demand deposits ___L___I__A___B___I__L___I_T___I__E___S________ $ Time deposits __________________________________________ -
Deposits of U. S. Government _______ Deposi~s. .of States and political DeSpUobsdiitVsISoIfOnbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.)------------------------
Bills payable -----------------------------------------Acceptances executed by or for
account of this bank and outstanding --------------------------------------------Other liabilities ------------------------------------Capital --------------------------------------------------USunrdpilvuids ed----p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Reserves

815,492.20 231,092.89
None
40,360.98 None
1,979.67 None
None None 25,000.00 35,000.0Q 12,967.68 None

Total Liabilities___________________________ $ 1,161,893.42

TWENTY-EIGHTH ANNUAL REPORT

47

STATEMENT

Showing condition at the close of business December 31, 1947, of

DEKALB STATE BANK Doraville, Ga.

As called for by the Superintendent of Banks.

C. A. WHELCHEL, President.
Date of Charter: 8-12-1946

L.A. BAIRD, Cashier.
Began Business: 1-16-1947

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection__________ $

United States Government obligations, direct and guaranteed _______
Obliga~i~n.s of States and political

subdiVISlOllS ---------------------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ...-----------------

Loans and discounts (inc I u doing

overdrafts) ________

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

Bank premises owned, furniture and

fixtures -------------------------Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate __________

Customers' liability to this bank on acceptances outstanding__________________

Other assets ------------------ ------------------------

Total Assets ------------------------------- $

165,834.08 25,730.52 30,237.23 None 1,800.00 290,680.47 10,641.00 None
None None 5,022.51 529,945.81

LIABILITIES

TDiemmeanddepdoespiotssi_t_s_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-__-_-_-_-__-_-_-_-___-_-_- $

Deposits of U. S. Government______ Deposi~. _of States and political

SUbd1VIS lOllS --------------------------------------Deposits of banks _ -------------------Other deposits (certified and offi-

cers' checks, etc.)----------------------------Bills payable____________ ----------------------------- Acceptances executed by or for
account of this bank and out-

standing _ ------------------------------------

Other liabilities ___ -------------------------------

Capital

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

Surplus ---------------------------------------------

Undivided profits----------------------------------

Reserves

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

308,939.69 131,985.13
3,931.44
16,632.66 4,899.13
1,784.06 None
None None 50,000.00 10,000.00 1,773.70 None

Total Liabilities --------------- _________ $ 529,945.81

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed -----

Obliga!i~n.s of States and political

subdiVISIOnS --------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank---------------------

Loans and discounts (including

overdrafts) ____

__

Bank premises owned, furniture and

fixtures __ ----------------

Rea] estate owned other than bank

premises ----------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate__

Customers' liability to this bank on

acceptances outstanding__________~-------

Other assets __________ ------------------------------

7 48,672.38 2,824,095.23
27,086.48 None None
636,432.57 59,782.18 None
None None None

Total Asset--------------------------------- $ 4,296,068.84

LIABILITIES Demand deposits --------------------- ___________ $ Time deposits __ ------------------------------------ Deposits of U. S. Government__________ Deposits of States and political
subdivisions -------------------------------------Deposits of banks.... ------------------------- Other deposits (certified and offi-
cers' checks, etc.)-----------------------------Bills payable___________ ------------------------------Acceptances executed by or for
account of this bank and out-
standing ---------------------------------------------Other liabilities __________
Capital ----------------------------------------------- Surplus -------------------------------------------Undivided profits---- --------------------------Reserves -------------------------------------------

3,046,333.51 666,653.85 23,807.32
279,073.49 25,000.00
14,683.20 None
None 104.00 50,000.00 50,000.00 60,413.47 80,000.00

Total Liabilities ------------------------ $ 4,296,068.84

48

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Douglas, Ga.

As called for by the Superintendent of Banks.

F. S. STUBBS, President.
Date of Charter: 5-22-1945

G. E. PITTMAN, Cashier.
Began Business: 7-5-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances~ and cash

items in process of collection~~...... $

United States Government obliga-

tions, direct and guaranteed .........

Obligations of States and political

subdivisions .............. .......................

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

Loans and discounts (including

overdrafts) ........................

Bank premises owned, furniture and

fixtures ...........- ........~..........._..

Real estate owned other than bank

premises

_____ ~-----------

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding____~----------

Other assets.......... ........................

735,330.75 1,072,069.43
2 , 3 2 9 . 70 None None
564,277.05 9,670.27 None
None None 1,974.77

Total Assets ....~.......................... $ 2,385,651.97

LIABILITIES

Demand deposits

.......................... $

Time deposits _____

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

Deposits of U. S. Governrment _______

Deposi~. _of States and political

subdlVlSlODS

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

Deposits of banks .................................

Other deposits (certified and offi-

cers' checks, etc.)-----------------------------

Bills payable ~....

. _........_ .............

Acceptances executed by or for

account of this bank and out--

standing --------------------------------Other liabilities~------------------------------------ Capital --------------------~--------------------- Surplus -----------------------------------------------Undivided profits.~---- ----------------------Reserves --------------------------------------------------

1,825,383.07 266,449.65 21,445.39
78,251.75 66,122.68
18,580.77 None
None None 50,000.00 45,000.00 9,918.66 4,500.00

Total Liabilities_____________________________ $ 2,385,651.97

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE COMMERCIAL BANK Douglasville, Ga.

As called for by the Superintendent of Banks.

W. D. LLOYD, President.
Date of Charter: 4-24-1942

RAYMOND L. LLOYD, Cashier.
Began Business: 5-1-1942

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _____ $

United States Government obliga-

tions, direct and guaranteed ObligaJ;i~n_s of States and political

subd1viswns -------------------- __________________

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

_____

Loans and discounts (including

overdrafts) ____

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises -----------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate _______ ------------------
Customers' liability to this bank on acceptances outstanding____~----------

Other assets-----------------------------------------

327,504.79 1,273, 771.67
None None None 181,145.28 7,300.00 None
None None None

Total Assets~--------------------------------$ 1,789,721.74

LIABILITIES

Demand deposits Time deposits _

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

Deposits of U. S. Government_

Deposits of States and political

subdivisions

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

Deposits of banks ___ ------------------~- ____

Other deposits (certified and offi-

cers' checks, etc.) ---------------------------Bills payable------~------------ ____________________..

Acceptances executed by or for

account of this bank and out-

standing

---------~---------------- __ _

Other liabilities~------------------------------------

Capital ______ ----~------------------- -----------~------

Surplus ------------~----------------------------------...

Undivided profits~-~------~-------------------

Reserves ----------------------------------------

1,103,486.40 260,847.52 3,620.99
352,132.08 None
1,383.52 None
None 1.250.00 25,000.00 25,000.00 14,501.23 2,500.00

Total Liabiliites______________________________ $ 1,789,721.74

TWENTY-EIGHTH ANNUAL REPORT

49

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS & SOUTHERN BANK OF DUBLIN Dublin, Ga.

As called for by the Superintendent of Banks.

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

W. A. HOBBS, Cashier.
Began Business: 11-1-1928

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed _________
Obliga!i'?n.s of States and political
subdiVlBIODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank --------------------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate ------------------ _____ _ Customers' liability to this bank on acceptances outstanding_________________ Other assets _____________________________________

996,096.54 2,492,877.42
117,448.71 None None
2,286,127.31 8,002.68 None
None None 9,880.04

Total Assets ____________________________________ $ 5,910,432. 70

LIABILITIES Demand deposits___________________________________ $ Time deposits _____________________________________
Deposits of U. S. Government -------Deposi!s__of States and political
DeSpUobsdiltVsISoIOf llbSank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-
Other deposits (certified and offi cers' checks, etc.) -----------------------
Bills payable -------------------------------------Acceptances executed by or for
account of this bank and out-
standing ------------------------------------Other liabilities -------------------------------Capital --------------------------------------------------Surplus ------------------------------------------------Undivided profits--------------------------------Reserves ----------------------------------------------

3,547,774.92 1,179,397.69
51,253.99
172,078.50 433,705.02
69,949.21 None
None None 150,000.00 150,000.00 42,340.26 113,933.11

Total Liabilities-----------------------------$ 5,910,432.70

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK Dublin, Ga.

As called for by the Superintendent of Banks.

L. P. KEEN, President.
Date of Charter: 5-26-1910

J. H. MADDOX, Cashier.
Began Business: 7-6-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $ United States Government obligations, direct and guaranteed _____
Obligations of States and political subdivisions _______ _____ -----------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank ----------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures ___________ -----------------------------------
Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate-----------------------Customers' liability to this bank on
acceptances outstanding_______________ Other assets _________________________________________

1,449,558.29 1,712,686.00
6,000.00 None None
584,278.09 1,944.21 360.00
None None 33,346.21

Total Assets _________________________________ $ 3,788,172.80

LIABILITIES

Demand deposits----------------------------------$

Time deposits _________ -----------------------------

Deposits of U. S. Government _____ _

Deposits of States and political

subdivisions

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

Deposits of banks _ --------------------- ___

Other deposits (certified and offi-

cers checks, etc.) -----------------------------

Bills payable __

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

Acceptances executed by or for

account of this bank and out-

standing ----------------------------------------

Other Iiabil ities -----------------------------------

Debentures -------------------------------------------

Capital _______ ---------- -------------------------------

Surplus ___________ --------------------------------------

Undivided profits-----------------------------------

Reserves ------------------------------------------------

2,815,255.09 48,369.90 26,993.90
219,577.37 577,878.54
2,516.66 None
None None 7,900.00 25,000.00 6,000.00 53,514.84 6,166.50

Total Liabilities____________________________ $ 3,788,172.80

50

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF DUDLEY Dudley, Ga.

As called for by the Superintendent of Banks.

RUBERT L. HOGAN, President.
Date of Charter: 10-2-1905

GLADSTONE JANSEN, Cashier.
Began Business: 11-1905

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obliga~i'?n.s of States and political subdivisiOns ________

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank ____

____

Loans and discounts (including overdrafts) ________

Bank premises owned, furniture and

fixtures ________

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

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate_ ------------------------

Customers' liability to this bank on acceptances outstanding__________________

Other assets---------------------~~---------------------

Total Assets ______________ $ ~-~~~---------------

363,175.13 245,000.00
4,659.23 None None
344,984.56 1.00
None
None None None 957,819.92

LIABILITIES

Demand deposits ---~-~---------------------~- --~-~ $ Time deposits _ ------~----------------Deposits of U. S. Government __________

Dcposi~s. _of States and political

subdiVISIOnS ---------------------------------------Deposits of banks

Other deposits (certified and officers' checks, etc.) ______

Bills payable ________ ~ -----~-------------------------Acceptances executed by or for

account of this bank and outstanding ------------------------~--~-----------------Other liabilities_________ -------------------------Cap ital __________ --~-------- ________ -------~-~~~-~~- ___

Surplus _-------------------- ------------------

Undivided profits

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

Reserves __ ___________ ----------------------------------

638,657.18 165,083.68
6,303.09
87,550.80 None
2,012.92 None
None None 15,000.00 25,000.00 4,882.16 13,330.09

Total Liabilities __

---~---~--------- $ 957,819.92

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF DULUTH Duluth, Ga.

As called for by the Superintendent of Banks.

JOHN SUMMEROUR, President.
Date of Charter: 1-22-1945

EVERETT BAGWELL, Cashier.
Began Business: 2-17-1945

ASSETS Cash, balances with other banks, in..
eluding reserve balances, and cash items in process of collection ______ $ United States Government obligations, direct and guaranteed _ Obligations of States and political subdivisions ------------------ --------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) Loans and discounts (including overdrafts) ______
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises ----------------------------------------------
Investments and other assets indirectly representing bank premises or other real estate ______
Customers' liability to this bank on acceptances outstanding
Other assets ----------------- ------~------------------
Total Assets ______ --------~------------------- $

208,375.61 150,470.15
None None None 239,249.67 3,454.33 None
None None None 601,549.76

LIABILITIES

Demand deposits ---~~---~-------~---------- ---~~ $

Time deposits ---------------------------------------Deposits of U. S. Government.~-------

Deposits of States and political

subdivisions ---------------------------------------Deposits of banks ----------------------~-~~------

Other deposits (certified and offi-

cers' checks, etc.)----------------------------Bills payab]e___________~----~--~-----------------~~--

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities...-----------------~-~----~--------

Capital ----------~---~-------------~-------~-----------

S u rp Ius ----~--~-------- ----~-----~--~------------------~~

Undivided profits--------------------------

Reserves -------------------------------------------------

517,170.49 None 781.54
42,012.99 None
None None
None 114.80 25,000.00 10,000.00 6,469.94 None

Total Liabilities.~~-------------~------------ $ 601,549.76

TWENTY-EIGHTH ANNUAL REPORT

51

STATEMENT

Showing condition at the close of business December 31, 1947, 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. MULLIS, Cashier.
Began Business: 1-2-1919

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed__________
Obliga~i~n.s of States and political
subdtVISIODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank ..................... Loans and discounts (including
overdrafts) --- Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate................- .......... Customers' liability to this bank on acceptances outstanding_____________
Other asset--------

829,666.79 1,724,000.00
22,529.36 None None
360,893.71 10,000.00 1.00
None None None

Total Assets..---$ 2,947,090.86

LIABILITIES TDiemmeanddepdoespitoss__i_t_s__._._._._._._._._._._._._._._._._._._.__._._._._._._._._._._._._._._._.._$
Deposits of U. S. Government........ Deposi~s. _of States and political
subdivisiOns ------------------------------------Deposits of banks....- ............................ Other deposits (certified and offi-
cers' checks, etc.) ---------------------------Bills payable....----- Acceptances executed by or for
account of this bank and out-
standing ----------------------------------------Other liabilities...................-- Capital .................................................... Surplus .................................................... Undivided profits..................................
Reserves -------------------------------------------------

2,003,230.44 628,591.16 None
107,298.02 57,942.98
664.00 None
None None 40,000.00 100,000.00 9,364.26 None

Total Liabilities..........- .................. $ 2,947,090.86

STATEMENT

Showing condition at the close of business December 31, 1947, 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. OOOPER, Cashier.
Began Business: 4-2-1934

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed......... Obliga~i~n.s of States and political
subdlVlSlOnS ---Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank ..................._ Loans and discounts (including
overdrafts) ........................................
Bank premises owned, furniture and
fixtures - Real estate owned other than bank
premises--------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate....--- Customers' liability to this bank on
acceptances outstanding.----Other assets...................---

1,486,187.83 1,547,211.84
125,255.95 None None
2,196,789.32 16,328.46 None
None None 33,593.37

Total Assets..........-----$ 5,405,366.77

LIABILITIES
Demand deposits...----- $ Time deposits...----- Deposits of U. S. Government.......... Deposi~. .of States and political
subdiVISIOnS -------------------------------------Deposits of banks........--- Other deposits (certified and offi-
cers' checks, etc.)-------------------------
Bills payablec....-----Acceptances executed by or for
account of this bank and out-
standing ---------------------------------------Other liabilities...------
Capital -- Surplus ....................................................
Undivided profits...-- Reserves ---------------------------------------------

2,842,888.24 1,821,044.23
16,022.13
287,749.84 163,980.28
24,659.66 None
None None 100,000.00 60,000.00 50,142.41 38,879.98

Total Liabilities...------- $ 5,405,366.77

52

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

L. 0. BENTON, JR., President.
Date of Charter: 10-30-1922

R. L. HARRISON,
Cashier. Began Business: 11-15-1922

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ___ $

United States Government obliga-

tiosn, direct and guaranteed

Obligations of States and political

subdivisions ----- _

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

____ _

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

-

Real estate owned other than bank premises ______________ ----------- --

Investments and other assets indi-

rectly representing bank premises

or other real estate _

Customers' liability to this bank on acceptances outstanding__________________

Other assets ~-~~~

--------

272,962.74 651,378.09
62,962.71 5,355.89
None 543,389.43
13,115.55 345.30
None None 7,496.90

Total Assets

~-------------- $ 1,457,006.61

LIABILITIES

Demand deposits

---------- $

Time deposits __________ ------------------------------

Deposits of U. S. Government ________

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks. etc.) __

Bills payable~---------------------- Acceptances executed by or for

account of this bank and out..

standing --------------------------Other liabilities

Capital

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

Surplus

_____ -----------------

Undivided profits~

Reserves ____ -------------------- -----------------------

893,453.54 328,518.93
19,949.47
121,911.10 None
702.50 None
None 1,070.93 25,000.00 25,000.00 41,400.14
None

Total Liabilities

-- ----- $ 1,457,006.61

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE PEOPLES BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

J. M. GREGORY, President.
Date of Charter: 3-16-1944

A. F. ADAMS, Cashier.
Began Business: 5-1-1944

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash items in process of collection - --- $ 271,994.62

United States Government obliga-

tions, direct and guaranteed

268,257.19

Obliga!i'?n.s of States and political
subdlVlSIOnS - --------- ----- --------------Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

Federal Reserve Bank

- ----

None

Loans and discounts (including

overdrafts)

_______ _

313,339.97

Bank premises owned. furniture and

fixtures ______

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

949.69

Real estate owned other than bank premises -------------------------------------------
Investments and other assets indi-

None

rectly representing bank premises or other real estate _____ ~---- ____________

None

Customers' liability to this bank on acceptances outstanding__________________

None

- - - - - Other assets ------- ----------

None

Total Assets -- -------------- $ 854,541.37

LIABILITIES

Demand deposits _

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

Time deposits ______

Deposits of U. S. Government

Deposits of States and political

subdivisions Deposits of banks

______ _

Other deposits certified and offi-

cers checks, etc.) ---------------------------Bills payable ~- ----~--------------- Acceptances executed by or for

account of this bank and out-

standing ---------------------------------------Other liabilities __ -----------

Capital ------------ -----------

Surplus

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

Undivided profits---------Reserves ---------------------------------------------

485,998.83 253,807.10
793.75
73,640.15 None
1,758.78 None
None 244.04 25,000.00 10,000.00 2,370.41 928.31

Total Liabilities---------~----$ 854,641.37

TWENTY-EIGHTH ANNUAL REPORT

53

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF EDISON Edison, Ga.

As called for by the Superintendent of Banks.

C. W. LOWE, President.
Date of Charter: 9-24-1904

THEDFORD TURNER, Cashier.
Began Businness: 1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection -- ___ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

----

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate

------

Customers' liability to this bank on

acceptances outstanding------------------

Other assets

407,708.37 576,420.56
10,045.00 None None
311,540.31 2.00
None
None None 115.46

Total Assets

-------- $ 1,305,831.70

LIABILITIES

Demand deposits

-- $

Time deposits ------------- ---------------------Deposits of U. S. Government ____ _

Deposits of States and political

subdivisions __ . _____ -----------------------------

Deposits of banks ___ ---------------------------Other deposits (certified and offi-

cers' checks, etc.) __ -----------------------

Bills payable_-- -------------------- Acceptances executed by or for
account of this bank and ou~

standing Other liabilities _____ _

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

Capital

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

Surplus _____ -----------------------------------

Undivided profits ----------------------

Reserves ------------------------------------------------

1,004,571.93 42,746.71 4,394.04
107,147.83 4,927.32
9,172.72 None
None 4,134.27 50,000.00 51,000.00 27,736.88
None

Total Liabilities .. ----------- $ 1,305,831.70

STATEMENT

Showing condition at the close of business December 31, 1947, of

GRANITE CITY BANK Elberton, Ga.

As called for by the Superintendent of Banks.

F. D. SMITH, President.
Date of Charter: 12-3-1927

JAMES CLEVE'LAND, Cashier.
Began Business: 1-2-1928

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection

$

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

_

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises _

____

Investments and other assets indi-

rectly representing bank premises

or other rea1 estate

Customers' liability to this bank on acceptances outstanding----~-~--------

Other assets

766,228.07 1,386,100.00
None None None 735,592.20 17,192.11 None
None None 1,165.70

Total Assets

----- ---- $ 2,906,278.08

LIABILITIES

Demand deposits

--- $

Time deposits

Deposits of U. S. Government

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable -- _-----------------

Acceptances executed by or for

account of this bank and out-

standing

__________________ _

Other liabilities Capital Surplus

Undivided profits--------------Reserves ____ -------------------------------------------

2,588,023.21 81,908.58 46,326.92
57,742.77 13,319.43
2,164.37 None
None 18.30 50,000.00 35,000.00 31,774.50 None

Total Liabilities

--------- $ 2,906,278.08

54

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks.

R. C. BROOKS,
President. Date of Charter: 9-10-1910

W. H. VanLANDINGHAM, Cashier.
Began Business: 9-16-1910

ASSETS Cash, balances with other banks, in..
eluding reserve balances, and cash items in process of collection ------- $ United States Government obligations, direct and guaranteed _________

Obliga!i<?n.s of States and political

SUbdlVlSlODS ---------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank________

-----

Loans and discounts (including overdrafts) _____________ ___

Bank premises owned, furniture and

fixtures

____________ _

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate____________________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets _________ ----------------------------------

Total Assets ________________________________ $

431,815.56 131,500.00
None None None 458,214.52 1,988.75 None
None None 3,143.77 1,026,662.60

LIABILITIES TDiemmeanddepdoespitoss__i_t_s___-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_$

Deposits of U. S. Government __________

Deposi~s . .of States and political

subdivisiOns --------------------------

Deposits of banks

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

Other deposits (certified and offi-

B i lcles rps 'a ycahbelcek_s__,___e__t_c__._)__-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil_it-i--e-s--_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital

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

Surplus ---------------------------------------------

Undivided profits-----------------------------------

Reserves ----------------------------------------------

729,021.19 68,482.70 19,870.94
59,795.56 None
66,688.16 None
None None 25,000.00 5Q,OOO.OO 7,804.06 None

Total Liabilities____________________________ $ 1,026,662.60

STATEMENT

Showing condition at the close of business December 31, 1947, 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

MRS. ROSALIND WESTMORELAND, Cashier.
Began Business: 6-1-1914

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------ $ United States Government obligations, direct and guaranteed ________
Obliga!i<?n.s of States and political SUbdiVISIOnS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank--------------------Loans and discounts (including
everdrafts) -------------- ______ ----------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real esate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate___________________________
Customers' liability to this bank on acceptances outstanding________________
Other assets _________________________________________

342,433.39 2,218,116.35
192,591.68 None None
354,401.34 1,500.00 300.00
None None 12,648.11

Total Assets___________________________________ $ 3,121,890.87

LIABILITIES Demand deposits ______ --------------------- _____ $ Time deposits----------------------------------------Deposits of U. S. Government _________ Deposi~s. _of States and political
subdiVISIOnS -------------------------------------Deposits of banks --------------------------------Other deposits (certified and offiB i lcles rps 'a ycahbelcek_s__,___e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_~_-_-_-_--_
Debentures ------------------------------------------Capital -------------------------------------------------SUunrdpiIvuids ed profit--s--__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves -------------------------- -----------------------

1,330,898.15 1,464,662.12
5,433.84
228,502,70 3,571.50
1,937.93 None
None 1,565.43 13,800.00 15,000.00 30,000.00 1,519.20 25,000.00

Total Liabilities_____________________________ $ 3,121,890.87

TWENTY-EIGHTH ANNUAL REPORT

55

STATE}IENT

Showing condition at the close of business December 31, 1947, of

FAIRBURN BANKING COMPANY Fairburn, Ga.

As called for by the Superintendent of Banks.

Y. H. LONGINO, President.
Date of Charter: 9-14-1891

WINNER B. LONGINO, Cashier.
Began Business: 1902

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection._______ $

United States Government obligations. direct and guaranteed_______

Obliga~i~n;" of States and political

subdtvtstons -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank____________________

Loans and discounts (including

overdrafts) _____

....

Bank premises owned, furniture and fixtures ________________....

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.___________________________

Customers' liability to this bank on acceptances outstanding_________________
Other assets ________________________________.__________

209,219.48 521,272.40
None None None 357,677.52 11,216.45 None
None None 11,210.11

Total Assets ____________________________________ $ 1,110,595.96

Demand deposits .._L__I_A__B___I_L__I_T__I_E__S______ $
Time deposits--------------------------------Deposits of U. S. Government________ Deposi~s. _of States and political
SubdlVlSIOTIS --------------------------------
Deposits of banks -------------------------------Other deposits (certified and offiBilclesrps'aycahbelcek__s__,___e__t_c_._)_-__-_-_-_-__-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_--
Acceptances executed by or for account of this bank and outstanding --------------------------------------Other liabilities.--------------------------------
SCuarppiltuals -_-_-__-_-_--.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_
Undivided profits--------------------------------Reserves ------------------------------------------------

764,876.89 249.905.62
1,128.03
24,420.60 None
2,086.34 None
None 2,195.15 25,000.00 25,000.00 12,983.33 3,000.00

Total Liabilities --------------------------- $ 1,110,595.96

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK Fayetteville, Ga.

As called for by the Superintendent of Banks.

C. D. REDWINE, President.
Date of Charter: 2-6-1906

H. C. HEWELL, Cashier.
Began Business: 3-13-1906

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed Obliga~i~n;" of States and political
SUbdlVlSlOnS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) _________ Loans and discounts (including
overdrafts) Bank premises owned, furniture and
fixtures ------------------------------- ---------------Real estate owned other than bank
premises ___ Investments and other assets indi-
rectly representing bank premises or other real estate____________________________
Customers' liability to this bank on acceptances outstanding______________
Other assets___________________________________________
Total Asse~..--------------------------------- $

483,111.78 55,000.00 None 3,000.00 None
116,744.79 3,000.00 3,000.00
None None None 663,856.57

LIABILITIES Demand deposits ..--------------------------------- $ Time deposits-----------------------------------------Deposits of U. S. Government..______ Deposi~s . .of States and political
SUbdtVlSIOTIS -------------------------------------
Deposits of banks ..___________________ Other deposits (certified and offiBilclesrsp'aycahbelcek__s__,____e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital --------------------------------------------------SUunrdpilvuisded ----p--r-o---f-i-t--s--.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_--_
Reserves ------------------------------------------------

578,586.72 41,110.37 None
None None
778.33 None
None None 25,000.00 10,000.00 8,381.15 None

Total Liabilities____________________________ $ 663,856.57

56

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of 'business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in..

eluding reserve balances, and cash

items in process of collection _______ $

United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions ------------------------- ____

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)-----------------

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures ____ ------------------------------------------

Real estate owned other than bank premises ______________ ---------------------------

Investments and other assets indi...

rectly representing bank premises

or other real estate --------------------------

Customers' liability to this bank on acceptances outstanding_______________

Other assets_________________________________________

Total Assets._______________________________ $

112,016.14 200,000.00
None None None 78,018.75 614.48 None
None None None 390,649.37

LIABILITIES Demand deposits ___ ----------------------------- $ Time deposits ___

Deposits of U. S. Government __

Deposits of States and political

subdivisions _____ --------------------------------

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)__

______

Bills payable___________ ---------------------------Acceptances executed by or for
account of this bank and out-

standing _-----------------------------------

Other liabilities ------------------------------------

Capital ----------------------- --------------------------

Surplus

__________________ _

Undivided profits ___ ---------------------------

Reserves --------------------------------------------------

324,519.13 9,076.17 None
824.86 None
36.98 None
None None 25,000.00 10,000.00 17,992.23 3,200.00

Total Liabilities

390,649.37

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK Folkston, Ga.

As called for by the Superintendent of Banks.

WILLIAM MIZELL, President.
Date of Charter: 12-12-1911

R. A. BOYD, Cashier.
Began Business: 1-4-1912

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------ $ United States Government obligations, direct and guaranteed _ Obliga~i~n:' of States and political subdlVlSlOnS --- -------- -----------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) -------------------Bank premises owned, furniture and
fixtures ---------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate ----------------- ________ Customers' liability to this bank on acceptances outstanding______________
Other assets -------------------------------------

428,443.29 1,170,850.00
78,811.59 20,412.50
None 615,180.23
10,822.20 None
None None None

Total Assets ----------------------------------- $ 2,324,519.81

LIABILITIES

Demand deposits ----------------------------- $

Time deposits _________

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

Deposits of U. S. Government _______

Deposits of States and political

subdivisions __ ---------------------------------

Deposits of banks ---------------------------------

Other deposits (certified and offi-

cers' checks, etc.)

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

Bills payable_

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

Acceptances executed by or for

account of this bank and out-

Otshtearndliinabgil-i--t-i-e--s--__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_

Capital -------------------------------------------------Surplus ______ ------------------------------------------Undivided profits--------------------------------Reserves -----------------------------------------------

1,273,497.41 780,552.25 None
66,058.59 1,299.77
1,804.66 None
None 54,160.27 15,000.00 15,000.00 102,146.86 15,000.00

Total Liabilities___________________________ $ 2,324,519.81

TWENTY-EIGHTH ANNUAL REPORT

57

STATEMENT Showing condition at the close of business December 31, 1947, of
CITIZENS BANK OF FORSYTH 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: 3-1-1920.

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ___ $

United States Government obliga-

tions, direct and guaranteed Obliga~i~n.s of States and political

subdiVISIOnS - ---------Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank

Loans and discounts (including

overdrafts) ________ __ _

___

Bank premises owned, furniture and

fixtures -----

__ __ ____

Real estate owned other than bank premises ______ ------------------------ ____________

Investments and other assets indi-

rectly representing bank premises

or other real estate

__

Customers' liability to this bank on acceptances outstanding________

Other assets ______ --------------------------------

Total Assets ___________________________________ $

1,158,988.00 456,909.57 48,307.07 None None 147,535.88 1,756.00 None
None None None 1,813,496.52

LIABILITIES

Demand deposits

___________ $

Time deposits _______

Deposits of U. S. Government

Deposits of States and political

subdivisions

____ ----------------

Deposits of banks _-----------Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

_____ _____ _

____ _

Acceptances executed by or for

account of this bank and out-

standing -------------------------------------------Other liabilities _ -------------------------------Capital ___

Surplus ---

Undivided profits

Reserves ----------------------

1,699,855.36 None None
29,723.10 None
3,040.00 None
None 228.06 40,000 00 10,000.00 6,000.00 24,650.00

Total Liabilities

-------------- $ 1,813,496.52

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

G. OGDEN PERSONS, President.
Date of Charter: 3-9-1910

R. J. BITTICK, Cashier.
Began Business: 1910

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _____ $

United States Government obliga-

tions, direct and guaranteed

Obliga~i~n.s of States and political

subdivisiOns

______________ _

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ____ ________

Loans and discounts (including overdrafts) ___________ .----------------------------
Bank premises owned, furniture and fixtures __________________ ----------------------------
Real estate owned other than bank premises _________________ -------------------------
Investments and other assets indirectly representing bank premises

or other real estate--------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets ----------------------------

382,601.83 168,000.00
None None None 808,183.09 2,900.00 24,601.00
None None None

Total Assets----------------------------------- $ 1,386,285.92

LIABILITIES

Demand deposits

_--------------------- $

Time deposits

Deposits of U. S. Government _______

Deposits of States and political

subdivisions

Deposjts of banks

----

Other deposits (certified and offi.

cers' checks, etc.) ___ -------------------------

Bills payable

____________

___

Acceptances executed by or for

account of this bank and out-

standing _______

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

Other liabilities __________

Capital

Surplus -----------------Undivided profits . Reserves_

1,247,046.43 None None
39,239.49 None
None None
None None 50,000.00 50,000.00 None None

Total Liabilities ____ --------------- ------ $ 1,386,285.92

58

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of :business December 31, 1947, of

MONROE COUNTY BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

W. C. HILL, President.
Date of Charter: 11-2-1908

C. F. HEARD, Cashier.
Began Business: 10-15-1908

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed ________
Obliga!i'?n.s of States and political subdivisions ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ....___ Loans and discounts (including
overdrafts) ----- ---........__...........___...... Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate____________
Customers' liability to this bank on acceptances outstanding_________________
Other assets~_........_-................._..........-..

286,451.89 670,770.00
8,800.00 12,720.00
None 761,234.24
601.00 1,530.00
None None None

Total Assets~. _______.........-._.............. $ 1,632,007.13

LIABILITIES

Demand deposits..............................- .... $

Time deposits ______ ---------------------------------Deposits of U. S. Government___.......

Deposi~s. _of States and political

subdtvtstons -------------------------------------

Deposits of banks _

__..............._.

Other deposits (certified and offi-

cers' checks, etc.)---...........................

Bills payable .......--- ..........._................

Acceptances executed by or for

account of this bank and out-

standing --------------------------------------------Other liabilities _....................................

Capital ..-- ___.............................__............

Surplus ____.............___...........................-...

Undivided profits_.................................

Reserves ___ -------------------------------------------

1,292,036.65 183,286.56 26,672.50
40,443.52 None
3,611.29 None
None 16,496.32 25,000.00 35,000.00
3,099.35 6,360.94

Total Liabilities --........-----.........._ $ 1,632,007.13

STATEMENT

Showing condition at the close of business December 31, 1947, of

FORT GAINES BANKING CO. Fort Gaines, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 2-11-1937

W. G. GRIMSLEY,
Cashier. Began Business: 2-15-1937

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obliga-
tions, direct and guaranteed------Obliga~i~n_s of States and political
SUbdtVlSlOllS -------------- ---------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)---..~-----~~.... Loans and discounts (inc 1u ding
overdrafts) --------- ~~---------- ~~-..--------.. Bank premises owned, furniture and
fixtures __________________ --------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate ______ ------------------Customers' liability to this bank on acceptances outstanding _____ Other assets _ _________ -------------

832,201.53 400,100.00
None None None 88,036.37 2,300.00 None
None None None

Total Assets ~........_____................ ___ $ 1,322,637.90

LIABILITIES

Demand deposits ......................-............ $

Time deposits ____

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

Deposits of U. S. Government----- Deposi~s. _of States and political

subdiVISlOllS ---------------------------Deposits of banks..___ ---....--..------...........

Other deposits (certified and offi-

cers' checks, etc.)------------------------------

Bills payable ___...~-..-

.......

Acceptances executed by or for

account of this bank and out-

standing Other liabilities -..-

--------------------._........___......

Capital

____ ........ ______....... ~ ..

Surplus

--~-------------....-.

Undivided profits_.....~~

Reserves ----- --------------------------------------------

1,100,447.64 116,720.69 None
36,472.66 None
473.00 None
None None 25,000.00 35,000.00 8,524.02 None

Total Liabilities~.....___..........___.,..... $ 1,322,637.90

TWENTY-EIGHTH ANNUAL REPORT

59

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF FORT VALLEY Fort Valley, ,Ga.

As called for by the Superintendent of Banks.

w, E. GREENE,
President. Date of Charter: 10-11-1924

HERBERT HUCKABEE, Cashier.
Began Business: 10-15-1924

ASSETS Cash. balances with other banks, in..
eluding reserve balances. and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed Ob!iga!i~n~ of States and political
SUbdiVISlOTIS ------------ ---- --------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ----------------Loans and discounts (including
overdrafts) --------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate____________________________
Customers' liability to this bank on acceptances outstanding__________________
Other assets-------------------------------------------
Total Assets ____________________________________ $

456,623.74 1,879,272.59
None None None 526,686.09 2,487.32 None
None None None 2,865,069.74

Demand deposits ___L___I_A____B___I_L___I__T__I__E___S________ $

Time deposits __ -------------------------------------Deposits of U. S. Government__________ Deposi~ . .of States and political

SUbdiVISIOTIS ---------------------------------------
Deposits of banks ________________
Other deposits (certified and officers' checks. etc.)--------------------------
Bills payable _______ -------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Capital --------------------------------------------------

Surplus

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

Undivided profits-----------------------------------

Reserves -------------------------------------------------

2,414,469.87 None
18,513.74
200,242.21 None
40,150.70 None
None None 100,000.00 50,000.00 40,193.22 1,500.00

Total Liabilities ----------------------------- $ 2,865,069.74

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF HEARD COUNTY Franklin, Ga.

As called for by the Superintendent of Banks.

H. J. MICKLE, President.
Date of Charter: 10-14-1905

J. T. MICKLE, Cashier.
Began Business: 10-18-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances~ and cash items in process of collection._______ $ United States Government obligations, direct and guaranteed __________ Obliga!i~n.s of States and political subdiVISIOnS -----------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)----------------Loans and discounts (including overdrafts) ---------------------------------------Bank premises owned, furniture and fixtures -----------------------------------------------Real estate owned other than bank premises ---------------------------------------------Investments and other assets indirectly representing bank premises or other real estate.__________________________
Customers' liability to this bank on acceptances outstanding-----------------
Other assets--------------- ----------------------------
Total Assets ____________________ --------------- $

309,832.32 611,663.20
9,460.00 None None
247,107.81 1,708.55 None
None None None 1,179, 771.88

LIABILITIES Demand deposits ----------------------------------- $ Time deposits------------------------Deposits of U. S. Government__________ Deposi~s. _of States and political
SUbdiVISIOllS -------------------------------------Deposits of banks __________ --------------------Other deposits (certified and offi-
cers' checks, etc.)-------------------------Bills payable____________ ----------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_--------
Capital _________________ ----------------------------------
Surplus -----------------------------------------------Undivided profits----------------------------------Reserves --------------------------------------------------

707,242.98 358,846.64
1,916.20
26,081.35 None
7,691.66 None
None 3,000.00 25,000.00 25,000.00 10,629.05 14,364.00

Total Liabilities ____________________________ $ 1,179,771.88

60

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK Gainesville, Ga.

As called for by the Superintendent of Banks.

JOHN H. HOSCH, President.
Date of Charter: 5-19-1913

R. A. BRICE, Cashier.
Began Business: 6-1913

ASSETS Cash~ balances with other banks, in-
cluding reserve balances, and cash items in process of collection ____ $
United States Government obligations, direct and guaranteed
Obliga~i'?n.s of States and political SUbdlVlSlOnS ----------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) Loans and discounts (inc Iu ding
overdrafts) ---------------- ----------------------Bank premises owned, furniture and
fixtures
Real estate owned other than bank premises __________ -------------------------------
Investments and other assets indi-
rectly representing bank premises or other real estate ____ ---Customers' liability to this bank on acceptances outstanding
Other assets _ --------------------------------

1,017,444.02 2,829,308.40
16,092.61 None None
766,566.52 12,176.51 None
None None None

Total Assets

----------- $ 4,641.588.06

LIABILITIES Demand deposits _______________________________ $

Time deposits

_____________________ _

Deposits of U. S. Government

Deposits of States and political

subdivisions

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

Deposits of banks _ _______ ______

__

Other deposits (certified and offi-

cers' checks, etc.) __

Bills payable___________

----- _____

Acceptances executed by or for

account of this bank and out-

standing _------------------- -------------------

OCathpeitralliabilitie_s___-_-_-_-_-_-_-_-_-_--_-_-_-_----------------------

Surplus _------------------------- _______
Undivided profits----------------------------------Reserves --------------------------------------------------

3,385, 754.85 359,769.78 200,980.25
397,484.65 12,260.11
4,320.11 None
None None 100,000.0t 100.000.00 81,018.31 None

Total Liabilities --------------------------- $ 4,641,588.06

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF GIBSON Gibson, Ga.

As called for by the Superintendent of Banks.

E. E. GRIFFIN, SR., President.
Date of Charter: 11-7-1905

E. E. GRIFFIN, JR., Cashier.
Began Business: 11-27-1905

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 154,117.63

United States Government obliga-

tions, direct and guaranteed ________ Obliga~i'?n.S of States and political

221,000.00

subdiVlSlOllS ----------------------------------------
Other bonds, notes, and debentures

19,859.00 None

Corporate stocks (including stock of

Federal Reserve Bank)-----------------Loans and discounts (including

None

overdrafts) ---------------------------------------Bank premises owned, furniture and

58,231.50

fixtures -----------------------------------------------Real estate owned other than bank

4,600.00

premises -----------------------------------------Investments and other assets indi-

None

rectly representing bank premises

or other real estate--------------------------Customers' liability to this bank on

None

acceptances outstanding-----------------

None

Other

assets

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

-

None
--

Total Assets ----------------------------------- $ 457,808.13

LIABILITIES Demand deposits __________ -----------------------Time deposits _________________________________

Deposits of U. S. Government __ Deposits of States and political

subdivisions __ ------------------------------------Deposits of banks _ ___________________

Other deposits (certified and offi-

cers' checks, etc.) ---------------------------

Bills payable_

----------- _____________

Acceptances executed by or for account of this bank and outstanding _

Other liabilities

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

Capital ___________ ----------------------------------------

Surplus

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

Undivided profits------------------------------

Reserves --------------------------------------------------

433,701.67 None None
None None
3.83 None
None None 15,000.00 5,000.00 4,102.63 None

Total Liabilities --------------------$ 457,808.13

TWENTY-EIGHTH ANNUAL REPORT

61

STATEMENT Showing condition at the close of business December 31, 1947, of
CITIZENS BANK Glennville, Ga.
As called for by the Superintendent of Banks.

J. C. BEASLEY, President.
Date of Charter: 12-31-1942

H. D. STRICKLAND, Cashier.
Began Business: 1-4-1943

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions ------ ----------------------------Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) ___ _______

Loans and discounts (including

overdrafts) _______ -------- ------------------ -

Bank premises owned, furniture and

fixtures

__ --------------- ________________

Real estate owned other than bank

premises _________ ---------------------

Customers' liability to this bank on

acceptances outstanding

Other assets ______ ----------------------------------

314,027.99
613,000.00
100,000.00 None None
282,195.44
500.00 None None None

LIABILITIES

Demand deposits__

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

Time deposits _____ ------------------ _______

Deposits of U. S. Government __ _

Deposits of States and political

subdivisions ___ ----------------------

Deposits of banks ____ --------------------

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------

Bills payable ---------------------- _

Acceptances executed by or for

account of this bank and out-

standing

______ -----------------------

Other liabilities______ ----------------------

Capital ------------------

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

Surplus

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

Undivided profits ___________ -------------------

Reserves

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

873,709.10 93,031.40 410.52
164,827.20 None
12,305.28 None
None None 30,000.00 6,000.00 1,621.13 27,818.80

Total Assets _______ --------------------- _____ $ 1,209.723.43

Total Liabilities ---------------------- _____ $ 1,209,723.43

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE GLENNVILLE BANK Glennville, Ga.

As called for by the Superintendent of Banks.

C. W. KICKLIGHTER, President.
Date of Charter: 1-12-1905

J. A. BACON, Cashier.
Began Business: 1-18-1905

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed _ Obliga~i~n.s of States and political subdiVISions -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)----------------Loans and discounts (including overdrafts) --------------------------------------Bank premises owned, furniture and fixtures ---------------------------------------------Real estate owned other than bank premises -------------------------------------------Investments and other assets indirectly representing bank premises or other real estate--------------------------Customers' liability to this bank on acceptances outstanding_________________
Other assets -------------------------------------
Total Assets _________________________________ $

449,340.99 901,037.07
None None None 318,177.49 2,500.00 None
None None None 1,671,055.56

LIABILITIES

Demand deposits Time deposits _

--------------------- $ ____ _

Deposits of U. S. Government Deposits of States and political

subdivisions ____ -----------------------------Deposits of banks ___ ______________ _

Other deposits (certified and offi-

cers' checks, etc.)---------------------------Bills payable ____ ------------- _______

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities _________ ------------------------

Capital ------------ --------------------------------------Surplus -- ------------------------------------------

Undivided profits----------------------------

Reserves ------------------------------------------------

1,228,699.45 254,853.80 7, 716.47
100,873.96 None
1,368.38 None
None None 3(),000.00 25,000.00 3,043.50 19,500.00

Total Liabilities --------------------------- $ 1,671,055.55

62

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE GORDON BANK Gordon, ,Ga.

As called for by the Superintendent of Banks.

R. F. GIBBS, President.
Date of Charter: 6-8-1946

R. F. GIBBS:, Cashier.
Began Business: 8-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed_
Obliga~i~n!' of States and political

SUbdlVlSlODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank)----Loans and discounts (including

overdrafts) --------

Bank premises owned, furniture and

fixtures

_____ -------------------------

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank presises

or other real estate....--------------- Customers' liability to this bank on
acceptances outstanding

Other assets.------------------------------------------

Total Assets ___________________________________ $

158,580.28 25,000.00 None None None 204,092.38 8,126.42 None
None None None 395,799.08

Demand deposits ___L___I_A____B___I_L___I__T___I_E___S________ $
Time deposits _____ ---------------------------------Deposits of U. S. Government________ Deposits of States and political D espuobsdiitvs i soifo nbsa n k s _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offi-
cers' checks, etc.)------------------------Bills payable----------------------------------------Acceptances executed by or for
account of this bank and outstanding __ ----------------------------------------Other liabilities--------------------~------------- Capital ---------------------------------------------------Surplus --------------------------------------------------Undivided profits--------------------------------Reserves -------------------------------------------------

295,268.06 25,270.10 None
30,061.04 None
818.74 None
None None 35,000.00 7,000.00 2,381.14 None

Total Liabilities ____________________

395,799.08

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF GRAY Gray, Ga.

As called for by the Superintendent of Banks.

D. V. CHILDS, President.
Date of Charter: 8-23-1909

D. V. CHILDS, Cashier.
Began Business: 8-28-1909

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection__________ $

United States Government obliga-

tions, direct and guaranteed______ -

Obligations of States and political

subdivisions -------------------------Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts) ..................................... ..

Bank premises owned, furniture and

fixtures _-----------------------

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi..

rectly representing bank premises

or other real estate__________ -----------------

Customers' liability to this bank on

acceptances outstanding

Other assets

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

Total Assets ________________________________ $

119,113.63 224,000.00
None 1,000.00
None 187,886.10
2.00 None
None None None 532,001.73

Demand

LIABILITIES deposits ________________________________

$

Time deposits ------------- -- -------------------Deposits of U. S. Government________ Deposits of States and political Despuobsdiitvsisoifonbsan--k--s--_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-

Other deposits (certified and officers checks, etc.) ........................................
Bills payable_________________________________________

Acoeptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-

Capital ------------------------------------------------SUunrdpilvuisde-d-----p--r-o---f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_

Reserves ---------------------------------------------

407,553.38 40,350.16 None
48,292.46 None
818.30 None
None None 25,000.00 5,000.00 4,987.43 None

Total Liabilities _____________________________ $ 532,001.73

TWENTY-EIGHTH ANNUAL REPORT

63

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed ________ Obliga!i~n_s of States and political
SUbdlVlSlODS ------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) . Loans and discounts (including
overdrafts) ---------------------- Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding__________________
Other assets................--------------------------
Total Assets_________________________________ $

283,580.51 320,900.00
9,776.00 None None
497,757.62 634.80 None
None None None 1,112,648.93

LIABILITIES Demand deposits.................................... $ Time deposits ____ -----------------------------Deposits of U. S. Government ____________ Deposi~s. _of States and political
subdtVISJOnS ----------------------------------Deposits of banks ________________________________
Other deposits (certified and officers' checks, etc.) ---------------------------
Bills payable ...................................... Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities ..........._..______________________
Capital -----------------------------------------------Surplus -----------------------------------------------Undivided profits................_______________
Reserves -------------------------------------------------

968,379.93 None
13,508.21
22,503.55 None
5,022.00 None
None None 50,000.00 25,000.00 7,235.24 21,000.00

Total Liabilities............_______________ $ 1,112,648.93

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK Greensboro, Ga.

As called for by the Superintendent of Banks.

S. F. GUTHRIE, President.
Date of Charter: 3-9-1946

M. E. SlSK,
Cashier. Began Business: 4-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection------- $ United States Government obligations, direct and guaranteed ________ Obliga!i~n.s of States and political SUbdtVlSIOnS ----------- -- ----------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) .................. Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned~ furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate ____________________________
Customers' liability to this bank on acceptances outstanding_________________
Other assets __________________________________________

694.189.17 505,000.00
10,000.00 None None
290,080.81 2,804.28 None
None None 2,108.34

LIABILITIES Demand deposits ________________________________ $
Time deposits________ ---------------------------Deposits of U. S. Government........ Deposi~- _of States and political
subdivtstons ---------------------------------------Deposits of banks ------------------------------Other deposits (certified and offi-
cers' checks, etc.)------------------- Bills payable ......................................... Acceptances executed by or for
account of this bank and outOtshtearndliinabgil_i__t-i-e--s--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_
Capital ------------------------------------------------USunrdpivluids ed -p---r-o--f--i-t-s--.-.-.-.-.-.-.-.-.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_
Reserves ------------------------------------------------

1,407,683.49 None None
10,000.00 None
1,058.26 None
None None 62,500.00 12,500.00 10,440.85 None

------------------------------------- Total Assets_________________________________ $ 1,504,182.60

Total Liabilities...._____________________ $ 1,504,182.60

64

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1947, of

THE GREENVILLE BANKING CO.

Greenville, Ga.

As called for by the Superintendent of Banks.

H. W. HILL, JR., President.
Date of Charter: 10-24-1887

H. V. WHITWORTH, Cashier.
Began Business: 1891

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection --- $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political subdivisions ______

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) __

___ _

Loans and discounts (including overdrafts) ______

Bank premises owned, furniture and

fixtures

__

Real estate owned other than bank

premises

__ _

Investments and other assets indi-

rectly representing bank premises

or other real estate

Customers' liability to this bank on

acceptances outstanding -----------------

Other assets

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

338,050.08 614,042.77
4,596.86 None None
111,486.36 8,400.00 7,127.00
None None None

Total Assets ----------------------------------- $ 1,083,703.07

LIABILITIES Demand depos1ts ---------~-----~----~---------~ $
Time deposits -------------------------------------Deposits of U. S. Government________ _

Deposits of States and political

subdivisions

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

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.) __ -------------------

Bills payable_ ________ ----------~----------~-

Acceptances executed by or for

account of this bank and out-

standing

_ _____ _

Other liabilities___________________________________

Debentures ___ ---------------- ----------------~--Capital --------------------------~----------------------
Surplus ____ --------------------------------------Undivided profits------~----~-----

Reserves

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

830,596.99 47,967.77 2,175.00
92,140.36 None
5,798.25 None
None None 46,000.00 50,000.00 4,000.00 272.70 4,752.00

Total Liabilities----------- $ 1,083,703.07

STATEMENT

Showing condition at the close of business December 31, 1947, of

COMMERCIAL BANK & TRUST CO. Griffin, Ga.

As called for by the Superintendent of Banks.

T. J. BLAKELY, President.
Date of Charter: 10-11-1889

D. J. ARNOLD, Vice-President.
Began Business: 10-9-1890

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection _$

United States Government obliga-

tions, direct and guaranteed .

Obligations of States and political

subdivisions ___

_

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

_

Loans and discounts (including

overdrafts) ________ _ _

_______ _

Bank premises owned, futniture and

fixtures

__

__ _ . ..

Real estate owned other than bank premises ________ . _____________________________

Investments and other assets indi-

rectly representing bank premises

or other real estate

_

Customers' liability to this bank on

acceptances outstanding_

Other assets ---------------------

1,171,895.26 3,057,280.92
43,651.88 2,575.00 None
2,271,204.56 29,431.60 21,003.00
None None 1,247.37

Total Assets ___ _

----- ----------- $ 6,598.289.59

LIABILITIES

Demand deposits---------------------~-----~-----$

Time deposits

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

Deposits of U. S. Government _______

Deposits of States and political

subdivisions _----------------------------Deposits of banks ______

Other deposits (certified and offi-

cers' checks, etc.) .------------------------

Bills payable __ _ _ _---------------- __

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities _ -----------~-------

Capital

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

Surplus ______ --------------------------------------

Undivided profits -----------------------------~--~

Reserves ______ -----------------------------------

3,649,371.85 1,877,169.25
36,928.00
367,936.93 118,524.75
31,256.00 None
None 144,597.48 100,000.00 100,000.00 151,372.17
21,133.16

Total Liabilities --------------------- _____ $ 6,598,289.59

TWENTY-EIGHTH ANNUAL REPORT

65

r-

STATEMENT

Showing condition at the close of business December 31, 1947, of
1
THE STATE BANK

Griffin, Ga.

As called for by the Superintendent of Banks.



D. R. CUMMING, President.

Date of Charter: 4-24-1933

F. WESTMORELAND, Cashier.
Began Business: 5-2-1933

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ___ $

United States Government obliga-

tions, direct and guaranteed ---

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts) ______ -------------------------------

Bank premises owned, furniture and fixtures ----------- ______ ____ ____ ______________

Real estate owned other than bank

premises ---------------------------------------- __

Investments and other assets indi-

rectly representing bank premises

or other rea] estate

Customers' liability to this bank on

acceptances outstanding _

Other assets

________ -------------------

835,366.04 6,414,672.10
46,127.67 None None
1,129,262.17 7,197.00 None
None None None

Total Assets __ ------------------------------ $ 7,432,614.98

LIABILITIES

Demand deposits _____

___ $

Time deposits

Deposits of U. S. Government

Deposits of States and political

subdivisions

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

Deposits of banks ___ __ _

Other deposits (certified and offi

cers' checks, etc.)

Bills payable

Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgili-t-i--e--s--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_

Capital

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

Surplus ----------------------------------------------

Undivided profits---------------------------------

Reserves __ -------------------------------------------

6,004,823.41 819.417.23 59,169.67
186,923.56 None
10,685.34 None
None None 50,000.00 250,000.00 61,696.77 None

Total Liabilities----------------------- $ 7,432,614.98

STATEMENT Showing condition at the close of business December 31, 1947, 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

ASSETS
Cash. balances with other banks, including reserve balances, and cash items in process of collection --- $
United States Government obliga-

tions, direct and guaranteed Obligations of States and political

subdivisions Other bonds, notPs, and debentures Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts)

_

_ _____ _

Bank premises owned, furniture and

fixtures

--- -- -----

Real estate owned other than bank

premises

___

... -

Investments and other assets indirectly reprPsenting bank premises
or other real Pstate Customers' liability to this bank on

acceptances outstanding ---------------Other assets

Total Assets ___ _

- $

120,046.39 20,000.00 None None None 324,834.95 1.00 None
None None None 464,882.34

LIABILITIES

Demand deposits __ Time deposits _____

--$

Deposits of U. S. Government _______

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

Acceptances executed by or for

account of this bank and out-

standing _-

OthE-r liabilities _____

Capital

Surplus

Undivided profits

Reserves __

306,736.24 81,140.85 None
11,500.00 None
1,394.98 None
None None 25,000.00 25,000.00 4,110.27 10,000.00

Total Liabilities --------------------------- $ 464,882.34

66

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

MRS. J. W. DARBY, Cashier.
Began Business: 2-21-1927

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection-~------ $ 197,300.06

United States Government obliga-

tions, direct and guaranteed________ 366,574.00

Obligations of States and political

subdivisions

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

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank)-----

None

Loans and discounts (including

overdrafts) _______________ ------------------------

273,780.26

Bank premises owned, furniture and

fixtures ______ ------------------ __________________

1,417.94

Real estate owned other than bank

premises -------------------------------------------

None

Investments and other assets indi-

rectly representing bank premises

or other real estate___________

None

Customers' liability to this bank on

accept.ances outstanding------------------

None

- - - - Other assets............................................

None

Total Assets..-------------------------------- $ 839,072.26

Demand

LIABILITIES d e p o s i t s _________________________________

$

Time deposits ______________________________________

Deposits of U. S. Government__________

Deposi~s. _of States and political

DespubodstiVtslSolOf nbSank- -s-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c__._)_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_

Debentures -----------------------------------------Capital ---------------------------------------------SUunrdpilvuisde-d-----p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_

Reserves ---------------------------------------------

514,814.24 203,770.37
5,000.00
10,587.79 35,000.00
1.00 None
None None 3,050.00 15,000.00 40,000.00 410.86 11,438.00

Total Liabilities__________________________ $ 839,072.26

STATEMENT

Showing condition at the close of business December 31, 1947, of

COMMERCIAL BANKING COMPANY Hahira, Ga.

As called for by the Superintendent of Banks.

TALLEY LAWSON, President.
Date of Charter: 1-29-1945

V. A. GASKINS, Cashier.
Began Business: 4-5-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection-------- $ United States Government obligations, direct and guaranteed Obligations of States and political subdivisions ------------------------------------ _ Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) __ Loans and discounts (including overdrafts) ----------------------Bank premises owned, furniture and fixtures -----------------------------------------------Real estate owned other than bank premises -----------------------------------------Investments and other assets indirectly representing bank premises or other real estate_________________________
Customers' liability to this bank on Otahcecrepatsasnectse_s___o__u__t_s__t_a_n__d__i_n__g__-_-__-_-_-__-_-_-_-__-_-_-__-_-_-_-
Total Assets ____________________________________ $

137,545.72 249,221.34
None None None 56,856.47 1,625.00 None
None None None 445,248.53

LIABILITIES Demand deposits________________________________ $
Time deposits _____ --------------------------------Deposits of U. S. Government________ Deposi~ . .of States and political
subdtvtstons ----------------------------------Deposits of banks -----------------------------Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c__._)_-__-_-_-__-_-_-_-__-_-_-__-_-_-_-__-_-_-__-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil_iti--e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Capital -------------------------------------------------Surplus -----------------------------------------------Undivided profits------------------------------Reserves --------------------------------------------

369,290.35 36,937.01 None
None None
4.00 None
None None 25,000.00 5,000.00 1,017.17 8,000.00

Total Liabilities_______________________ $ 445,248.53

TWENTY-EIGHTH ANNUAL REPORT

67

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANK OF HAPEVILLE Hapeville, Ga.

As called for by the Superintendent of Banks.

GEO. F. LONGINO, President.
Date of Charter: 7-20-1945

H. G. FORT, Cashier.
Began Business: 9-4-1945

ASSETS

Cash. balances with other banks. in-

cluding reserve balances, and cash items in process of collection ___ $

United States Government obliga-

tions, direct and guaranteed Obligations of States and political
subdivisions _______

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) --

Loans and discounts (including overdrafts) ______ ___ ___

Bank premises owned, furniture and

fixtures

___ _ --- _______

Real estate owned other than bank

premises Investments and other assets indi-

rectly representing bank premises

or other real estate----------------------Customers' liability to this bank on

acceptances outstanding

Other assets ___ --------------------------------------

731,182.03 217,945.44
None None None 628,959.68 13,514.69 None
18,664.99 None 489.82

Total Assets__ -------------------------$ 1,610,756.55

LIABILITIES

Demand deposits ----------------------------------- $

Time deposits ____ ----------------------------------Deposits of U. S. Government _______

Deposits of States and political

subdivisions - -------------------------------------

Deposits of banks --------------------------------Other deposits (certified and offi-
cers~ checks~ etc.) _______ _

Bills payable_

Acceptances executed by or for

account of this bank and out-

standing _------------------------------------

Other liabilities -----------

Capital

Surplus Undivided profits_ ______

_ ____ _

Reserves --------------------------------------------------

895,924.82 805,862.74
None
311,963.41 12,410.83
4,206.01 None
None 858.61 60,000.00 26,000.00 1,580.73 8,000.00

Total Liabilities _------------------- ____ $ 1,610,756.55

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF COLUMBIA COUNTY Harlem, Ga.

As called for by the Superintendent of Banks.

J. T. BARNSLEY, President.
Date of Charter: 11-29-1909

E. D. CLARY, JR. Cashier.
Began Business: 12-13-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection------$ United States Government obligations, direct and guaranteed Obliga!i'!n.s of States and political SUbdiVlSlOnS -------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)__ ---Loans and discounts (including overdrafts) ____________________ -----------------Bank premises owned furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ---------------------------------------- --Investments and other assets indi-
rectly representing bank premises or other real estate -----------------------Customers' liability to this bank on acceptances outstanding_________________ Other assets ------------------- ______________________
Total Assets _____ ------------------------------ $

162,796.92 171,000.00
18,489.43 None None
263,387.99 2,767.70 None
None None None 618,442.04

LIABILITIES

Demand deposits

____ $

Time deposits _

__________________ _

Deposits of U. S. Government

Deposits of States and political

subdivisions _____

Deposits of banks _____ --------------------------

Other deposits (certified and offi-

cers' checks~ etc.)----------------------------

Bills payable-------------------------------------------

Acceptances executed by or for

account of this bank and out-

standing

____ --------------------------

Other liabilities---------------Capital ---------------------------------------------------Surplus ______________ ---------------

Undivided profits-------------Reserves .............................

459,356.93 35.941.96 700.98
62,325.51 None
513.60 None
None 2,162.72 26,000.00 25,000.00 3,893.59 4,046.85

Total Liabilities______________________________ $ 618,442.04

68

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANKING COMPANY OF HARTWELL Hartwell, Ga.

As called for by the Superintendent of Banks.

A. F. BELL, President.
Date of Charter: 11-28-1942

E. C. GRIFFETH, Cashier.
Began Business: 1-2-1943

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed _________
O~l~t'd~~~~fon~f ~t~t<!~an~-~ol-~t-ic_a_I
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)__________________
Loans and discounts (including overdrafts) ________ ___ ----------------------
Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ___________ -------------------------Investments and other assets indi..
rectly representing bank premises
or other real estate ------------------------Customers' liability to this bank on
acceptances outstanding__________________ Other assets____________________________________________

406,622.57 1,135,581.24
None None None 282,961.54 4,950.00 None
None None None

Total Assets ___ ------------------------------ $ 1,830,115.35

LIABILITIES Demand deposits ---------------------------------- $ Time deposits ___________________________

Deposits of U. S. Government ________

Deposits of States and political

subdivisions --------------------------------------Deposits of banks ______ --------------------------
Other deposits (certified and offi-
cers' checks, etc.)
Bills payable __________ --------------------- _________

Acceptances executed by or for account of this bank and out-

standing ------------------------Other liabilities -------------------------------------

Capital

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

Surplus

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

Undivided profits ______

Reserves -------------------------------------------------

1,681,102.45 None
5,591.62
65,046.97 None
9,024.31 None
None None 25,000.00 25,000.00 4,350.00 15,000.00

Total Liabilities _________________________ $ 1,830,115.35

STATEMENT

Showing condition at the close of business December 31, 1947, of PLANTERS BANK Hawkinsville, Ga.

As called for <by the Superintendent of Banks.

W. N. Pate, President.
Date of Charter: 2-27-1896

J. P. McGRIFF, Cashier.
Began Business: 3-1896

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed ____ _
Obligations of Siates and political subdivisions
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) _________ ------
Loans and discounts (including overdrafts) ________ . _________ ---------------
Bank premises owned, furniture and fixtures ______ _________ ____ _________________ .. __
Real estate owned other than bank premises ___ --------------------------------- __
Investments and other assets indirectly representing bank premises or other real estate ______________________
Customers' liability to this bank on acceptances outstanding
Other assets _____ _

725,946.12 1,372,000.00
None None None 514,863.08 2,500.00 None
None None None

Total Assets _

-- $ 2,615,309.20

LIABILITIES Demand deposits _ ___ ---------------- ________ $

Time deposits _

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

Deposits of U. S. Government __

Deposits of States and political

subdivisions

_---------------- __

Deposits of banks

____ _

Other deposits (certified and offi-

cers' checks, etc.) ------------------

Bills payable_

Acceptances executed by or for

account of this bank and outstanding ____________________ _

Other liabilities

-----------

Capital ___ --------------------------

Surplus -- ________ ---------------------------------------

Undivided profits----------------------------------Reserves ------------------------------------------------

2,230,846.97 22,425.12 None
168,195.65 None
15,204.98 None
None 18,636.48 100,000.00 30,000.00 30,000.00
None

Total Liabilities_________ ----------------- $ 2,615,309.20

TWENTY-EIGHTH ANNUAL REPORT

69

STATEMENT

Showing condition at the close of business December 31; 1947, of

BANK OF HAZLEHURST Hazlehurst, Ga.

As called for by the Superintendent of Banks.

JOHN ROGERS, President.
Date of Charter: 10-19-1906

MARY WALKER, Cashier.
Began Business: 10-1906

ASSETS Cash, balances with other banks, in-
cluding reserve !>alances~ and cash items in process of collection ________ $
United States Government obligations, direct and guaranteed
Obliga~i~n~ of States and political
subdtVISlOTIS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ___________
Loans and discounts (including overdrafts) ______ -------------------
Bank premises owned, furniture and
fixtures ------------------- -------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate _ -------------------Customers' liability to this bank on acceptances outstanding________________ Other assets ____________________________________________

1,303,416.84 53,697.43 375.00 None None
106,775.86 2.00 1.00
None None None

Total Assets --------------------------------- $ 1,464,268.13

Demand

LIABILITIES d e p o s i t s _______________________________

$

Time deposits -------------------------------------Deposits of U. S. Government_______ l.Jooosits of States and political
su~ivisions ----------------------------------Deposit. of banks--------------------------------Other depo,its (certified and offi-
cers' checks, etc.)------------------------Bills payable_________ --------------------------------Acceptances execttted by or for
account of this ba"Dk and outstanding ------------------- ________________
Other liabilities------------------------- --------Capita! _______________ ---------------------------- _____
SUunrdpilvuisde-d---p--r--o--f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves -----------------------------------------------

1,252,541.53 1,513.59 None
94,212.56 None
12,187.82 None
None None 25,000.00 33,000.00 29,063.47 \6,749.16

Total Liabilities ____ ----------------------- $ 1,464,268.13

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF HIAWASSEE Hiawassee, Ga.

As called for :by the Superintendent of Banks.

W. 0. SPARKS, President.
Date of Charter: 6-14-1909

J. Y. DENTON, Cashier.
Began Business: 7-21-1909

ASSETS Cash~ balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed _________ Obliga~i~n~ of States and political SUbdiVISIOnS -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) __________________ Loans and discounts (including overdrafts) --------------------------------------Bank premises owned, furniture and fixtures -----------------------------------------------Real estate owned other than bank premises --------------------------------------------Investments and other assets indi... rectly representing bank premises or other real estate__________________________ Customers' liability to this bank on acceptances outstanding________________ Other assets _________________________________________
Total Assets _______________________________ $

169,618.26 568,000.00
None None None 185,732.38 None
2.00
None None None 923,352.64

Demand deposits ___L__I__A___B___I_L___I_T___I_E___S_______ $
Time deposits _______ - --------------------------Deposits of U. S. Government._______ Deposits of States and political
subdivisions --------------------------------Deposits of banks --------------------------------Other deposits (certified and offiBicllesrps'aychabeclek_s_,___e__t_c_._)___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Acceptances executed by or for account of this bank and outstanding __________ ---------------------------------
Other liabilities--------------------------------Capital ------------------------------------------------USunrdpilvuids e-d---p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Reserves -------------------------------------------------

876,282.24 None None
None None
None None
None None 15,000.00 10,000.00 20,490.40 1,580.00

Total Liabilities____________________________ $ 923,352.64

70

DEPARTME NT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE HINESVILLE BANK

Hinesville, Ga.

As called for <by the Superintendent of Banks.

T. H. McDOWELL, President.
Date of Charter: 9-4-1911

T. H. McDOWELL, Cashier.
Began Business: 11-15-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection._______ $ United States Government obligations. direct and guaranteed.- ____ Obligations of States and political subdivisions -----------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)---------Loans and discounts (inoluding overdrafts) ------------------ -----------------Bank premises owned. furniture and fixtures _____________
Real estate owned other than bank premises --------------------------------------------
Investmf>Zsts and other assets indirectlY representing bank premises or other real estate__________________________
<)ustomers' liability to this bank on acceptances outstanding_________________
Other assets___________________________________________

160,949.27 496.101.16
None None None 614,287.74 4,082.63 None
None None None

Total Assets ---------------------------------- $ 1,176,420.70

LIABILITIES

Demand deposits

$

Time deposits

Deposits of U. S. Government ____

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and officers' checks, etc.) ______

Bills payable

-------------- ____

Acceptances executed by or for ac-

count of this bank and outstanding ____

Other liabilities _____________

Capital

Surplus

Undivided profits

Reserves

826,665.96 75,888.09 4,639.48
64,741.31 4,753.49
6,244.97 100,000.00
None 1,430.00 25,000.00 25,000.00 35,000.00 7,067.40

Total Liabilities-----,----------------------$ 1,175,420.70

STATEMENT

Showing condition at the close of <business December 31, 1947, of

EMPIRE BANKING COMPANY Homerville, Ga.

As called for :by the Superintendent of Banks.

J. L. SUMMERLIN, President.
Date of Charter: 3-1-1945

MARCUS SMITH, Cashier.
Began Business: 6-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------ $ United States Government obligations, direct and guarattteed _________ Obliga!i~n~ of States and political subdlVlSlODS -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)-------------------Loans and discounts (inc Iu ding overdrafts) -------~------------------------------- Bank premises owned, furniture and fixtures ---------------------------------------------Real estate owned other than bank premises -------------------------------------------Investments and other assets indirectly representing bank premises or other real estate__________________________ Customers' liability to this bank on acceptances outstanding_________________ Other assets _________________________________________
Total Assets -------------------------------- $

204,473.90 233,000.00
None 8,000.00
None 100,690.50
1,277.43 None
None None None 647,441.83

LIABILITIES

Demand deposits _______ -------------------------- $ Time deposits ______

Deposits of U. S. Government --------

Deposits of States and political

subdivisions _-----------------------------------Deposits of banks _____

Other deposits (certified and offi-

cers' checks, etc.)--------------

Bills payable_________

----

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities _________ ---------------------------

Capital _________________ _---------------------------

Surplus

Undivided profits--------------------------------

Reserves --------------------------------------------------

454,208.11 29,189.71 5,000.00
19,195.89 None
1,040.31 None
None 3,807.81 25,000.00 10,000.00
None None

Total Liabilities -------------------------- $ 547,441.83

TWENTY-EIGHTH ANNUAL REPORT

71

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF ILA Ila, Ga.

As called for by the Superintendent of Banks.

G. W. WESTBROOK, President.
Date of Charter: 10-11-1910

J. T. TILLER, Cashier.
Began Business: 10-15-1910

ASSETS

Cash, balances with other banks, in

eluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions _____ ------------ --- _______

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ___ ---------------------------------------

Investments and other assets indi...

rectly representing bank premises

or other real estate _

-----

Customers' liability to this bank on

acceptances outstanding

Other assets _

Total Assets _

56,330.22 7,060.00 None None None
39,656.6~
1,553.26 None
None None None 104,600.10

LIABILITIES Demand deposits ------------------------------- ___ $ Time deposits --------------------------------------Deposits of U. S. Government _______ Deposi~s. _of States and political

SubdiVlSlODS ----------------------------------------
Deposits of banks _____ ------------------------Other deposits (certified and offi-
cers" checks, etc.)-----------------------------Bills payable ------------------------------------------Acceptances executed by or for
satcacnoduinntg of- t__h__i_s_____b__a__n__k______a__n__d_____o___u__t_-

Other liabilities _______________ --------------------Capital ___ ------~------------ _____________________

Surplus

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

Undivided profits-----------------------------

Reserves ------------------------------------------------

75,605.76 None None
None None
None None
None None 15,000.00 13,000.00 994.34 None

'Total Liabilities __ --------------------------$ 104,600.10

STATEMENT

Showing condition at the close of business December 31, 1947, of

JASPER BANKING COMPANY Jasper, Ga.

As called for by the Superintendent of Banks.

R. M. EDGE, President.
Date of Charter: 1-17-1945

JAY L. HARRISON,
Cashier. Began Business: 3-12~1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection - --- $ United States Government obligations, direct and guaranteed _Obligations of States and political subdivisions ______ ------------------- ---Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) -----------------Loans and discounts (including overdrafts) ___________ ---------------------------Bank premises owned, furniture and
fixtures -- -- _---- --------- _____ --Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate _----------------------Customers' liability to this bank on
acceptances outstanding__________________
Other assets.-------------------

453,059.89 740,428.08
None None None 323,268.66 2,857.48 None
None None 83.00

Total Assets-----------------------------------$ 1,619,697.11

LIABILITIES

Demand deposits---~------------------------------ $

Time deposits

____ _

Deposits of U. S. Government .._______

Deposits of States and political

subdivisions

Deposits of banks -------------------------------Other deposits (certified and offi-

cers' checks. etc.) Bills payable _________________________________________

Acceptances executed by or for

account of this bank and out-

standing

__________ _

Other liabilities ______________________

Capital

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

U8 unrdpivIuids ed profits ____-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves -------------------- -----------------------------

855,582.38 313,752.73
4,274.09
294,646.58 None
385.86 None
None 301.80 25.000.00 10,000.00 15,753.68 None

Total Liabilities-----~---------------------$ 1,619,697.11

72

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF JONESBORO Jonesboro, Ga.

As called for :by the Superintendent of Banks.

J. 0. HIGH'I\OWER, Vice-President.
Date of Charter: 10-6-1903

J. B. PULLIAM, Cashier.
Began Business: 11-7-1903

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed _______
ObligaJ:i'?n_s of States and political

subdlVlSIODS --- ---------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

___ _

Loans and discounts (including

overdrafts) ............ ---------------- ---Bank premises owned~ furniture and
fixtures _______

Real estate owned other than bank premises ________ ------------------- ---------------

Investments and other assets indi-

rectly representing bank premises

or other real estate ---- - ----------------Customers' liability to this bank on
acceptances outstanding________________

Other assets ---------------

262,329.57 810,694.59
9,994.43 None None
69,167.81 2.00
None
None None None

Total Assets ---------- $ 1,152,188.40

LIABILITIES

Demand deposits - .... $

Time deposits _

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

Deposits of U. S. Government _________

Deposi~- _of States and political

subdiVISions --------------------------------------Deposits o Z banks _________________ ------------

Other deposits (certified and offi-

cers' checks, etc.)----------------------------

Bills payable .. ---------------- Acceptances executed by or for

account of this bank and out-

standing _-- -------------------------------------

Other liabilities -----

Cap itaI _________ ----------

S u rp Ius ________________ --------------------------------

Undivided profits.................... ...........

Reserves ------------------------------------------------

835,481.41 86,376.95 738.82
165,189.54 None
62.72 None
None 3,000.00 25,000.00 25,000.00 7,380.07 3,958.89

Total Liabilities ....................... _____ $ 1,152,188.40

STATEMENT

Showing condition at the close of business December 31, 1947, of

KENNESAW STATE BANK Kenesaw, Ga.

As called for by the Superintendent of Banks.

J. G. LEWIS, President.
Date of Charter: 4-10-1910

L. C. CHALKER, Cashier.
Began Business: 3-10-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $

United States Government obligations, direct and guaranteed _____

ObligaJ:i'?n.s of States and political

SUbdlVlSlOnS -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank) -------------- Loans and discounts (including
overdrafts) _________ ....

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding________________

Other assets ....--------------------------

Total Assets ................................... $

127,678.58 50,000.00 None None None 30,178.58 3,850.00 None
None None None 211,707.16

LIABILITIES

Demand deposits ---- __ $

Time deposits _______ ----------------------------

Deposits of U. S. Government ........

Deposi~. _of States and political

SUbdiVISIOnS ------------------------------

Deposits of banks ------

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------

Bills payable --------------

Acceptances executed by or for

account of this bank and out-

standing __ -----------------------------------------

Other liabilities -----

Capital

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

SUunrdpilvuisded prof-i-t-s-_-_-_-__-_-_-_-_____________-_______-__-_-_

Reserves --------------------------------------------

145,869.92 44,030.04 None
None None
249.74 None
None None 15.000.00 None 5,157.46 1,400.00

Total Liabilities

. $ 211,707.16

TWENTY-EIGHTH ANNUAL REPORT

73

STATEMENT

Showing condition at the close of business December 31, 1947, of

STATE BANK OF KINGSLAND Kingsland, Ga.

As called for by the Superintendent of Banks.

C. D. GRAINGER, President.
Date of Charter: 11-26-1912

C. C. SMITH, Cashier.
Began Business: 12-1912

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ,_____ $

United States Government obliga-

tions, direct and guaranteed __

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

____ _

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures

-------------- ---- ________

Real estate owned other than bank

premises

_____ ------------------ _

Investments and other assets indi-

rectly representing bank premises

or other real estate--------------- -------Customers' liability to this bank on
acceptances outstanding________________

Other assets ------------------------------------------

Total Assets ------------------------- _______ $

191,402.04 315,000.00
5,000.00 None None
315,518.40 6,433.15 None
None None None 833,353.59

LIABILITIES Demand deposits ____________________________________ $

Time deposits

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

Deposits of U. S. Government________

Deposi?'. _of States and political

D

eSpUobsdilVtsISoIOfTbISa

----------------------~-----------~nks ________________________________ __

Other deposits (certified and offi-

cers' checks, etc.)--------~--~------

Bills payable__________________

__ ________ _

Acceptances executed by or for

account of this bank and out Otshtearndliianbgil-i-ti--e-s-~_~_-_~_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~_-_-_~_-_-_-_-_-_-_--__-

Cap ita! --------------------------------------------------SUunrdpilvuisded prof-i-t--s-_--_-_-_-_-_-_-_-_-___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--.-.

Reserves -------------~----------~--~---------~-------

576,424.90 191,795.37
None
None None
3,025.84 None
None None 25,000.00 30,000.00 1,000.00 6,107.48

Total Liabilities ---------------------------- $ 833,353.59

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF LAFAYETTE Lafayette, Ga.

As called for by the Superintendent of Banks.

C. C. GILBERT, President.
Date of Charter: 11-13-1889

H. A. DAVISON, Cashier.
Began Business: 1899

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process Df collection _____ $

United States Government obliga-

tions, direct and guaranteed --------

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) _ ----------

Loans and discounts (including

overdrafts) __ _______

---------

Bank premises owned, furniture and

fixtures ___ ____ ----------------------------------Real estate owned other than bank
premises ----------------~-------~----~---~--------Investments and other assets indi-
rectly representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding_~-~~~~---------
Other assets __ -------~~------~------------------~~----

696,306.38 1,919,525.00
373,527.99 None None
678,589.73 30,719.97 None
None None None

Total Assets __________________________________ $ 3,698,669.07

Demand

deposits

LIABILITIES _______________________________

$

Time deposits-------~----------------------------Deposits of U. S. Government__________

Deposi?'. _of States and political SubdlVlSlODS ----------~--------~-------~---

Deposits of banks-----------------------------Other deposits (certified and offi Bicllesrps'aycahbeclek_s_,____e_t_c_._)__-_-_-_-_-__-_-_-_-__~_-_-_-_-__-_-_-_-_~__~_-_-_-_~__-

Acceptances executed by or for
account of this bank and outstanding --------~----------------~---------~------ Other liabilities---------------------------------Capital -------------------------------------------------USunrdpilvuids e-d---p--r--o--f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_-_

Reserves ----------------------------------------------

2,044, 707.51 1,109,100.53
16,311.76
339,373.52 None
9,313.18 None
None None 50,000.00 100,000.00 13,283.96 16,578.61

Total Liabilities__________________________ $ 3,698,669.07

74

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS & SOUTHERN BANK OF LaGRANGE LaGrange, Ga.

As called for by the Superintendent of Banks.

P. G. BLITCH,
President. Date of Charter: 7-23-1937

HARRY R. SPIKES, Cashier.
Began Business: 8-2-1937

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ______ $

United States Government obligations, direct and guaranteed

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including siock of

Federal Reserve Bank) Loans and discounts (inc 1u ding

overdrafts)

-----

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate_

________ _

Customers' liability to this bank on acceptances outstanding. __________

Other assets ----------------------

4,406,819.37 6,989, 791.01 1,094,885. 75
44,566.99 None
2,395,870.13 15,984.23 None
None None 27,973.56

Total Assets

------ $ 14,975,891.04

LIABILITIES

~i::;:~~P~~ft~8-~~-~~~~-~~~~~~~~~--------------------

$

10,299,701.92 2,934, 772.95

Deposits of U. S. Government ___

166,297.76

Deposits of States and political

subdivisions

__ __

_ _____

918,058.49

Deposits of banks _-- ------------------Other deposits (certified and offi-

53,725.94

cers' checks, etc.)------------------------------

4,234.66

Bills payable ---------------- -----------------------Acceptances executed by or for

None

account of this bank and outstanding

None

Other liabilities.----------------------------------Capital
Surplus Undivided profits __

20,519.91 200,000.00 200,000.00
62,301.28

Reserves -------------------------------

116,278.13

Total Liabilities

- -- $ 14,975,891.04

STATEMENT Showing condition at the close of business December 31. 1947, of
LaGRANGE BANKING COMPANY LaGrange, Ga.
As called for by the Superintendent of Banks.

A. E. MALLORY, President.
Date of Charter: 7-8-1941

BEN F. McLAUGHLIN, Cashier.
Began Business: 9-15-1941

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed ______
Obliga!i'?n.s of States and political subdlVlSlOnS ------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----Loans and discounts (including
overdrafts) __________ ----------------------------Bank premises owned, furniture and
fixtures ------------ -----Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate ------------------------Customers' liability to this bank on acceptances outstanding_________________ Other assets _______________________________________

817,256.51 1,048,706.04
8,400.00 None None
1,136,859.55 1,500.00 None
None None None

Total Assets-----------------------------------$ 3,012,722.10

Demand deposits ___L___I_A____B___I_L___I__T___I_E___S________ $

Time deposits ---------------------------------------Deposits of U. S. Government________ Deposi~. _of States and political
subdlVlSlODS -------------------------------------Deposits of banks --------------------------------Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable___________________ ---------------------Acceptances executed by or for
account of this bank and out-
Otshtearndliianbgili-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_

Capital ______ ----------------------------------------

Surplus

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

Undivided profits--------------------------------

Reserves --------------------------------------------

1,818,604.23 760,492.88 None
229,920.72 36,299.27
None None
None None 50,000.00 75,000.00 38,405.00 4,000.00

Total Liabilities ________________________ $ 3,012,722.10

TWENTY-EIGHTH ANNUAL REPORT

75

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of eoUection .. ___ $

United States Government obliga-

tions, direct and guaranteed _

Obligations of States and political

subdivisions _

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

____ _

Loans and discounts (including

overdrafts)

------

Bank premises owned, furniture and fixtures ____ _

Real estate owned other than bank

premises --------------------------- --- -----------Investments and other assets indi-

rectly representing bank premises

or other real estate

_________ _

Customers' liability to this bank on acceptances outstanding_________________

Other assets_________________________ ------------------

Total Assets _________________________________ $

280,485.06 685,237.72
None None None 168,761.45 1,860.00 None
None None None 1,136,344.23

LIABILITIES

Demand deposits _______ ----------------- ____ $

Time deposits

__________________ -------

Deposits of U. S. Government

Deposits of States and political

subdivisions __ --------------Deposits of banks ________

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

______ ---- _____ _

Acceptances executed by or for

account of this bank and out-

standing ________

------------ ________ _

Other liabilities______

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

Debentures Capital

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

Surplus

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

Undivided profits- --------------------------

Reserves ____ --------------------------------------------

659,874.87 380,389.04
None
33,221.21 None
4,107.11 None
None None 5,600.00 25,000.00 10,000.00 7,552.00 10,600.00

Total Liabilities

--- $ 1,136,344.23

STATEMENT

Showing condition at the close of business December 31, 1947, of

LAKE PARK BANK Lake Park, Ga.

As called for by the Superintendent of Banks.

W. F. WEBB, President.
Date of Charter: 1-22-1906

G. D. CORBETT, Cashier.
Began Business: 3-1906

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection __ $
United States Government obligations, direct and guaranteed ___

Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank)
Loans and discounts (including overd"afts) _ ___ ___ ____________ ---

Bank premises owned, furniture and

fixtures

- . ----

Real estate owned other than bank

premises __ _ _ . _____________ ----

Investments and other assets indi.. rectly representing bank premises or other real estate _ ____ ______

Customers' liability to this bank on acceptances outstanding________________

Other assets -------------------------------------------

Total Assets ---------------------------------- $

52,071.29 10,000.00
None None None 66,868.14 300.00 None
None None None 129,239.43

LIABILITIES

Demand deposits -------------------------------- $

Time deposits

Deposits of U. S. Government ______

Deposits of States and political

subdivisions _______ ------------------

Deposits of banks

Other deposits (certified and officers' checks, etc.) ____________ _

Bills payable -- __________________

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities ______ ---------------------------

Capital Surplus

----------------- --------------------------______ -------------

Undivided profits ____ -----------------------------

Reserves _ ---------------------------------------

85,104.21 23,281.36
None
None None
300.85 None
None None 15,000.00 3,000.00 2,553.01 None

Total Liabilities ---------------------- _____ $ 129,239.43

76

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

NORTHEAST GEORGIA BANK Lavonia, Ga.

As called for by the Superintendent of Banks.

W. N. HARRISON,
President. Date of Charter: 9-20-1940

W. N. HARRISON,
Cashier. Began Business: 9-23-1940

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed_______

Obligations of States and political subdivisions ________

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) - __ __ _____

Loans and discounts (including overdrafts) ------------------------------ __________

Bank premises owned, furniture and

fixtures

_______ _____

Real estate owned other than bank

premises --------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate---------------Customers' liability to this bank on
acceptances outstanding_________________ Other assets_____________________________________

555,954.49 1,274,500.00
None None None 84,531.05 4,860.00
None
None None None

Total Assets ___ -------------------------------$ 1,919,845.54

LIABILITIES Demand deposits ----------------------------- $ Time deposits ----------------------------------------Deposits of U. S. Government _______ Deposi~. _of States and political DeSpUobsdiltVslSoIOf nbSan-k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.) ------------
Bills payable________________ ------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgilities___________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_
Capital ______ ------------------- ---------------------Surplus -------------------------- ----------------------Undivided profits __ ------------------------------Reserves -------------------------------------------------

1, 720.338.20 35,322.52 None
102,381.51 None
4,575.91 None
None 935.40 25,000.00 25,000.00 6,292.00 None

Total Liabilities

---------------- $ 1,919,845.54

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BRAND BANKING COMPANY Lawrenceville, Ga.

As called for by the Superintendent of Banks.

BARTOW MORGAN, JR., President.
Date of Charter: 6-2-1905

HARRISON W. BRASELTON, Assistant Cashier.
Began Business: 7-17-1905

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection ---- $
United States Government obligations, direct and guaranteed ________

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

______ _

Loans and discounts (including

overdrafts) __ ___

----

Bank premises owned, furniture and

fixtures ------- --------------------------------------Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate ___________ ------------Customers' liability to this bank on acceptances outstanding_______________

Other assets ----------- ------------------------------

772,699.56 988,097.10
73,022.59 10,537.50
3,000.00 253,637.16
2,017.00 8,000.00
None None 37.08

Total Assets ____________ --------------------$ 2,111,047.99

LIABILITIES

Demand deposits----------------------------------- $

Tjme deposits

____________ ---------------

Deposits of U. S. Government_

Deposi~. _of States and political

SUbdiVISIODS _------------------------------

Deposits of banks ------------------------------

Other deposits (certified and offi-

cers' checks, etc.) __ --------------------------

Bills payable

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

Acceptances executed by or for

account of this bank and out-

standing ------------------------------------------

Other liabilities ------------------------------------

Capital ________ ---------------------------------------

SUunrdpilvuids ed profits___________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves ----------------------------------------------

1,080,256.32 705,827.39 1,630.00
151,830.33 None
351.00 None
None None 50,000.00 50,000.00 71,152.95 None

Total Liabilities----------------------------$ 2,111,047.99

TWENTY-EIGHTH ANNUAL REPORT

77

STATEMENT Showing condition at the close of business December 31, 1947, of
THE STATE BANK OF LEESBURG Leesburg, Ga.

G. D. MORELAND,
President. Date of Charter: 4-9-1947

ASSETS

Cash, balances with other banks, in.. eluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-
tions, direct and guaranteed.......... Obliga~i'?n.s of States and political

subdiVISIOllS -- -- ------ --- ----- - -- ----- .
Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

-_

Real estate owned other than bank

premises __ ------------ ________ _ Investments and other assets indi-
rectly representing bank premises

or other real estate__ -----------------Customers' liability to this bank on
acceptances outstanding-

Other assets ....-

133,469.21 None None None None 100.00
7,457.43 None
None None None 141,026.64

P. C. THARP, Cashier.
Began Business: 12-1-1947

LIABILITIES

Demand deposits --- $ Time deposits ....

Deposits of U. S. Government .......

Deposits of States and political

subdivisions -----------------------------------

Deposits of banks - Other deposits (certified and offi-

cers' checks, etc.) __ -------------------------Bills payable. . . ___ ...........................

Acceptances executed by or for

account of this bank and out--

standing

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

Other liabilities.....................................

Capital ------

Surplus

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

Undivided profits-

Reserves ---------------------------------------------

107,638.68 None None
None None
None None
None None 25,000.00 5.000.00 3,387.96 None

Total Liabilities ........................... $ 141,026.64

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed ______

Obliga~i<?n_s of States and political

subdiVISIOnS - _________ .

---------

Other bonds. notes. and debentures Corporate stocks (including stock of

Federal Reserve Bank) ......... Loans and discounts (including
overdrafts) ....... .........

Bank premises owned, furniture and fixtures ________________ --------------'"-- ------

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate _____.__________________

Customers' liability to this bank on

acceptances outstanding--------------

Other assets-----

176,272.49 640,000.00
None None None 351,733.68
2.00 1,000.00
None None 2,092.57

Total Assets...............-------$ 1,171,100.74

LIABILITIES Demand deposits ............................ ---- $

Time deposits

________ -------------------

Deposits of U. S. Government .........

Deposi!'". _of States and political

subdlVISlODS ----------------------------------Deposits of banks _____ _______

Other deposits (certified and offi-

cers' checks, etc.) -------------------------

Bills payable - ---- _____ Acceptances executed by or for

account of this bank and out-

standing --------------------------------------

Other liabilities----------

Cap ita) -----

Surplus

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

Undivided profits ...------------

Reserves ----------------------------------------------

706,952.71 277,868.09 11,833.05
13,657.65 9,874.50
5,971.68 None
None 7,663.26 50,000.00 50,000.00 19,279.80 18,000.00

Total Liabilities .......- .................. $ 1,171,100.74

78

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in

eluding reserve balances, and cash

items in process of collection - ... $

United States Government obligations, direct and guaranteed _______

Obligations of States and political

subdivisions

____ _

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

_____ _

Loans and discounts (inc 1u ding

overdrafts)

___

__ ___ . _

Bank premises owned, furniture and

fixtures

Real estate owned other than bank premises _______ --------- __________ --------- ---

Investments and olher assets indi-

rectly representing bank premises

or other real estate

______ _

Customers' liability to this bank on

acceptances outstanding

Other assets

Total Assets .

----------$

225,049.98 100,000.00
None None None 117,681.71 1,900.00 None
None None None 444,631.69

LIABILITIES Demand deposits....______________________________ $

Time deposits_

_--~----- -------------------

Deposits of U. S. Government .......

Deposi~s. .of States and political

subdtVlSIOllS --------- _-----------------

Deposits of banks _

_____ _

Other deposits (certified and offi. cers' checks, etc.)
Bills payable _ _______ -------------------Acceptances executed by or for
account of this bank and out-

standing

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

Other liabilities

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

Capital ... ______________

Surplus .------ -----------------------------------Undivided profits----------------------------------Reserves ----------~--~-----------------------------------

356,679.34 32,956.90 None
10,687.21 5,000.00
None None
None 1,500.00 25,000.00 5,000.00 7,808.24
None

Total Liabilities........ --------------------- $ 444,631.69

STATEMENT Showing condition at the close of business December 31, 1947, of
FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks.

J. J. HARNESBE.RIGER, President.
Date of Charter: 9-26-1911

GEO. C. LEVERETT, JR., Cashier.
Began Business: 12-2-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed ________
Obliga~i<;n.s of States and political SubdiVISIOnS ----- ------------ -
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ______ ... Loans and discounts (inc I u ding
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures ___________ -------------------------- __ Real estate owned other than bank
premises ----- --------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate ----------------------Customers' liability to this bank on
acceptances outstanding__________________
Other assets....---------------------------------------

285,913.22 843,154.19
None None None 140,102.17
2.00 None
None None None

Total Assets --------------------------------- $ 1,269,171.58

LIABILITIES Demand deposits ----------------------------------- $ Time deposits _ _----------------- ----------------Deposits of U. S. Government ________ Deposi~. _of States and political
subdtvtstons -----------------------------------Deposits of banks _______ ---------------------Other deposits (certified and offi
cers' checks, etc.)----------------------------Bills payable ____ ----------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgili-t-i-e--s--.-.-.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital --------------------------------------------- Surplus -----------------------------------------------Undivided profits ...________________________________
Reserves -----------------------------------------

874,920.25 229,078.52
1,242.42
66,125.83 None
764.00 None
None 5,668.10 25,000.00 25,000.00 39,517.53 1,854.93

Total Liabilities ---------------------------- $ 1,269,171.58

TWENTY-EIGHTH ANNUAL REPORT

79

STATEMENT Showing condition at the close of business December 31, 1947, of
THE PEOPLES BANK Lithonia, Ga.
As called for by the Superintendent of Banks.

I. M. STARR, SR.,
President. Date of Charter: 8-26-1910

I. M. STARR, SR.,
Cashier. Began Business: 1910

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _____ $

United States Government obligations, direct and guaranteed _______

Obliga~i'?n.s of States and political

subdtVlSJODS

________ _

Other bonds, notes. and debentures

Corporate stocks (including stock of

Federal Reserve Bank)------------------Loans and discounts (including

overdrafts)

-------

Bank premises owned, furniture and

fixtures --------------- ____

________ _

Real estate owned other than bank

premises _____________ ------------------------------

Investments and other assets indi-

rectly representing bank premises or other real estate ____________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets

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

Total Assets ----------------------------------- $

207,670.66 548,000.00
None None None 55,080.01 2,500.00 None
None None None 813,250.67

LIABILITIES
Demand deposits ------------------------------ ____ $ Time deposits ___________ ----------------------------Deposits of U. S. Government._______

Deposi~s. .of States and political

subdiVISIOnS ------------ -------------------------Deposits of banks _____________

Other deposits (certified and offi-

cers' checks. etc.) ---------------------------Bills payable _____ _____ ---------------------

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities ___________ ------------------------

Capital ________________ ---------------------------------

Surplus

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

Undivided profits--------------------------------Reserves ----------------------------------------------

678,558.24 38,277.34
None
36,673.23 None
57.02 None
None 2,500.00 25,000.00 20,000.00 8,184.84 4,000.00

Total Liabilities ----------------------------- $ 813,250.67

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Locust Grove, Ga.

As called for by the Superintendent of Banks.

J. 0. MINTER, President.
Date of Charter: 1-3-1910

H. C. CHILDS, Cashier.
Began Business: 1-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed ________
Obliga~i'?n.s of States and political SUbdiVISions ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-------------------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate -----------------------Customers' liability to this bank on
acceptances outstanding-----------------Other assets.----------------------------------------

90,483.06 120,000.00
None None None 122,695.38 800.00 None
None None None

Total Assets -----------------------------------$--33_3_,-97_8_.4_4

LIABILITIES Demand deposits ------------------------ ---------- $ Time deposits ___ ---------------- ___ ----------Deposits of U. S. Government--------Deposits of States and political
subdivisions Deposits of banks ____________ _
Other deposits (certified and officers' checks, etc.)-------- ------------------
Bills payable__ ------------------------------Acceptances executed by or for
account of this bank and outO tshtearn dl iianbgi l i t i e s ________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------------SUunrdpilvuisded prof--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-------
Reserves _------------------------------------------------

299,029.00 500.00 None
1,313.32 None
4,066.40 None
None None 15,000.00 10,000.00 4,069.72 None

Total Liabilities ------------------------- $ 333,978.44

80

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF LOGANVILLE Loganville, Ga.

As called for by the Superintendent of Banks.

C. A. KELLEY, JR.,
President. Date of Charter: 5-6-1946

C. H. GRIZZLE, Cashier.
Began Business: 10-5-1946

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection ______ $

United States Government obligations, direct and guaranteed _ ___
Obligations of States and political subdivisions _ ________ _

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)

Loans and discounts (including

overdrafts) ___

______ _

Bank premises owned, furniture and

fixtures _____ _

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

Real estate owned other than bank

premises __________________ --------------------------Investments and other assets indi-
rectly representing bank premises or other real estate __________ ._____

Customers' liability to this bank on acceptances outstanding__________________

Other assets -----------------------------------------

Total Assets________________ ------------------- $

69,541.71 96,234.94
None None None 53,623.51 5,312.23 None
None None None 224,712.39

LIABILITIES

Demand deposits ----------------------------------- $ Time deposits _____ -----------------Deposits of U. S. Government ________

Deposits of States and political

subdivisions

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

Deposits of banks __ -----------------Othe~ deposits (certified and offi-

cers' checks, etc.)----------------------------

Bills payable

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

Acceptances executed by or for

account of this bank and out-

standing

Other liabilities _____

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

SCuarppiltuasl _______-_-_-_-_-_-_-_-_-_--_-----------------------------

Undivided profits---------------

Reserves

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

192,798.75 Nfne 668.37
2,475.30 None
None None
None None 25,000.00 3,769.97 None None

Total Liabilities__________________________ $ 224,712.39

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF LUMBER CITY Lumber City, Ga.

As called for by the Superintendent of Banks.

R. F. JORDAN, President.
Date of Charter: 5-22-1945

D. REID WILLCOX, Cashier.
Began Business: 7-2-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _ _$ United States Government obligations, direct and guaranteed _________ Obliga!i~n.s of States and political
SUbdiVlSIOllS ------------------ ___ -
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -------------------Loans and discounts (including
overdrafts) ------------------------------- -------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate -----------------------Customers' liability to this bank on acceptances outstanding Other assets ___________ ____ ---------------------
Total Assets -------------------------------- $

130,946.54 141,564.10
None None None 109,093.78 4,461.51 None
None None None 386,065.93

LIABILITIES Demand deposits ------------------------------- __ $ Time deposits ------------------------------------Deposits of U. S. Government__________

Deposi~. .of States and political

DespubodsliVtslSoIOf llbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------

Bills payable____

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

Acceptances executed by or for

account of this bank and out-

standing ____ ---------------------------------------

Other liabilities -------------------------------------

Capital

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

SUunrdpilvuisde_d____p__r_of--i-t--s--__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves ---------------------------------------~-~~---

305,830.96 None 661.25
40,984.69 None
2,080.27 None
None None 25,000.00 5,000.00 3,916.37 2,592.39

Total Liabilities ------------------------- $ 386,065.93

TWENTY-EIGHTH ANNUAL REPORT

81

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS STATE BANK Lumpkin, Ga.

As called for by the Superintendent of Banks.

A. T. FORT, President.
Date of Charter: 10-21-1911

E. E. HUMBER, Cashier.
Began Business: 12-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga. tions, direct and guaranteed

Obligations of States and political

subdivisions _______ -------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) __

______

Loans and discounts (including

overdrafts) _______ _

______ _

Bank premises owned, furniture and

fixtures -------------------Real estate owned other than bank
premises_ Investments and other assets indi-
rectly representing bank premises or other real estate _____________________

Customers' liability to this bank on acceptances outstanding ____

Other assets

566,601.99 521,817.12
9,381.00 None None
79,365.37 1.00
None
None None None

Total Assets

-----------$ 1,177.166.48

LIABILITIES

Demand deposits_

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

Time deposits _____ ----------------------

Deposits of U. S. Government

Deposits of States and political

subdivisions --------------------- ----------------Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.)----------------

Bills payable_

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

Acceptances executed by or for

account of this bank and out-

standing-

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

Other liabilities _

Capital

Surplus

Undivided profits_-------------------------------Reserves _________

953,269.84 64,314.55 19,512.20
69,214.23 None
2,238.24 None
None 3,581.07 28,000.00 32,000.00 5,036.35
None

Total Liabilities____________________________ $ 1,177,166.48

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed ______ _

Obligations of States and political

subdivisions

___ _

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) ____ _

Loans and discounts (inc 1u ding

overdrafts) ---------------------------------------Bank premises owned, furniture and

fixtures _______ ----- ------------------------

Real estate owned other than bank

premises ______ ------- ---------------------------- __ Investments and other assets indi-

rectly representing bank premises or other real estate ____________________

Customers' liability to this bank on

acceptances outstanding

Other assets

Total Assets ------------------------------ __ $

117,986.56 365,928.65
3,131.30 5,077.00
None 58,672.15
973.80 248.40
None None None 552,017.86

LIABILITIES

Demand deposits -----------------------

__ $

Time deposits ----------------- -----------------------

Deposits of U. S. Government

Deposi~s. _of States and political

subdtvtstons ----------------------------------------

Deposits of banks --------------------------------

Other deposits (certified and offi

cers' checks, etc.)----------------------------

Bills payable _ ----------------------------------

Acceptances executed by or for

account of this bank and out-

standing ___

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

Other liabilities _____ ------------------

Capital ------------------ -------------------------------

Surplus Undivided profits ____

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

Reserves

464,531.53 46,219.84 None
5,168.73 None
206.34 None
None 2,909.17 25,000.00 5,000.00
None 2,982.25

Total Liabilities____________________________ $ 552,017.86

82

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE PEOPLES BANK OF LYONS Lyons, Ga.

As called for by the Superintendent of Banks.

A. L. MOSLEY, President.
Date of Charter: 5-4-1935

0. C. EIDSON, Acting Cashier.
Began Business: 6-1-1935

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection _ __ $
United States Government obligations, direct and guaranteed ____ _

Obliga!i'?n.s of States and political subdiVISions ____________________ ---------------

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) _
Loans and discounts (including

overdrafts) --------------------------------------

Bank premises owned, furniture and

fixtures

________

___

Real estate owned other than bank

premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate---------------- _________
Customers' liability to this bank on acceptances outstanding______________~---
Other assets _____________

398,844.87 743,267.00
None None None 186,090.13 9,200.20 None
None None None

Total Assets ... -------------------------------- $ 1,337,402.20

LIABILITIES

Demand deposits

Time deposits

_________ _

---- -----$

Deposits of U. S. Government

Deposits of States and political

subdivisions Deposits of banks _

____ ___ _______

Other deposits (certified and offi-

cers' checks, etc.) ______ ------------------

Bills payable . ______

______ _

Acceptances executed by or for

account of this bank and outstanding

Other liabilities _ -----------------Capital Surplus _____ _

Undivided profits

Reserves _

1,173,490.24 60,925.49 2,868.67
58.937.69 5,000.00
3,293.00 None
None 760.64 25,000.00 6,000.00 1,126.47 None

Total Liabilities _

-- -------- $ 1,337,402.20

STATEMENT

Showing condition at the close of business December 31, 1947, 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, Vice-Pres. and Cashier Began Business: 2-23-1929

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed ________
Obliga!i'?n.s of States and political
SUbdiVISiOnS -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-------------------Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate -----------------------Customers' liability to this bank on
acceptances outstanding_______ Other assets _

434,264.37 1,505,300.00
6,000,00 None None
282,023.45
9,921.9~
1.00
None None None

Total Assets ___________________________________ $ 2,237,510.75

LIABILITIES

Demand deposits

___ $

Time deposits __________________ -~-------------

Deposits of U. S. Government

Deposits of States and political

subdivisions _____

Deposits of banks ________

_____

Other deposits (certified and officers' checks, etc.) _______ ----------------------
Bills payable ___________ _

Acceptances executed by or for
account of this bank and outstanding Other liabilities _____

Capital

Surp]us ------Undivided profits __

Reserves ---------~-- ------------------------

1,767,843.18 190,084.88 12,687.81
72,103.76 708.22
2,644.22 None
None 18,128.48 50,000.00 75,000.00 17,418.03 30,892.17

Total Liabilities _

--- $ 2,237,510. 75

TWENTY-ElGHTH ANNUAL REPORT

83

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITY BANK & TRUST COMPANY Macon, Ga.

As called for by the Superintendent of Banks.

T. RAD TURNER,
President. Date of Charter 6-29-1931

W. M. PARKER, Cashier.
Began Business: 7-2-1931

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection........ $

United States Government obligations, direct and guaranteed............

Obligations of States and political

subdivisions _---~----------------

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)....................

Loans and discounts (including

overdrafts)

________ ---------------

Bank premises owned, furniture and fixtures ________ ________

Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding_________________
Other assets____________________________________

717,787.78 3,996,107.16
None 500.00 None 2,360,463.23 31,701.00 None
None None None

Total Assets.................................... $ 7,106,559.17

LIABILITIES
Demand deposits..----- $ Time deposits.......................................... Deposits of U. S. Government........ Deposits of States and political
subdivisions ........................................ Deposits of banks.................................. Other deposits (certified and offiBilclesrspa'cyhaebclkes_,____e_t__c_._)___-__-_____-_______-___-_________-
Acceptances executed by or for account of this bank and outstand-
Otihnegr _lia--b--i--l-i-t--i-e-s-_-_-_-_-_-_~_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Capital .................................................... Surplus .................................................... Undivided profits................................_ Reserves ..................................................

4,112,230.10 1,908,599.33
16,710.92
477,479.52 94,955.87
18,920.06 None
None None 110,000.00 250,000.00 58,138.59 59,524.78

Total Liabilities............................ $ 7,106,559.17

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF MADISON Madison, Ga.

As called for by the Superintendent of Banks.

BEN S. THOMPSON, President.
Date of Charter: 12-26-1888

E. G. ATKINSON, Cashier.
Began Business: 1-1-1890

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed............ Obliga~i~n.s of States and political SubdJVlSIOns ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ------------------Loans and discounts (including
overdrafts) ........................................
Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank
premises -------------------------------------------lnvestments and other assets indi-
rectly representing bank premises or other real estate___ ___ -------------Customers' liability to this bank on acceptances outstanding________________
Other assets....----------------------------

243,836.19 731,800.00
52,728.44 2.00
None 350,455.67
8,470.62 None
None None None

Total Assets.................................... $ 1,387,292.92

LIABILITIES Demand deposits.................................... $ Time deposits .......................................... Deposits of U. S. Government........ Deposi~. _of States and political
D eSpUobsdiitVs ISoIfOnbSa nks-______________________-_________
Other deposits (certified and officers' checks, etc.) ..............................
Bills payable ------------------------------------Acceptances executed by or for ac-
count of this bank and outstand-
Otihnegr --l-i-a--b--i-l-i-t-i--e-s--_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-
Capital .................................................... Surplus .................................................... Undivided profits ................................
Reserves -------------------------------------

867,500.27 247,092.79
8,615.75
143,730.11 None
1,154.00 None
None None 50,000.00 40,000.00 29,200.00 None

Total Liabilities............................ $ 1,387,292.92

84

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks.

JAMES S. PETERS, President.
Date of Charter: 1-28-1910

CLAUDE A. BRAY, Cashier.
Began Business: 2-2-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed..........
Obliga!i~n;> of States and political
SubdiVISIODS ........................................
Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank)
Loans and discounts (including
ove1d raft") Bank premises owned, furniture and
fixtures ................................................
Real estate owned other than bank
premises ------------ Investments and other assets indi..
rectly representing bank premises or other real estate Customers' liability to this bank on acceptances outstanding Other assets ..........

761,532.25 435,800.00 204,825.67
5,013.39 None
747,641.79 5,026.98 9,904.49
None None 3,061.25

Total Assets.................................. $ 2,172,805.82

LIABILITIES

Demand deposits -------------------- -------------- $ Time depcsits__

Deposits of U. S. Government

Deposi~s . .of States and political

SUbdiVISIOnS ----------- Deposits of banks............

Other deposits (certified and officers' checks. etc.) ________ _

Bills payable

Acceptances executed by or for ac..

count of this bank and outstand-

ing

_________ _

Other liabilities .........

Capital ....

Surplus .....................

Undivided profits..........

Reserves --------

1,165,483.24 508,658.18 6,666.46
189,616.24 16,462.50
12,758.85 None
None 39,323.36 50,000.00 125,000.00 38,836.99 20,000.00

Total Liabilities............................ $ 2,172,805.82

STATEMENT

Showing condition at the close of husiness December 31, 1947, of

BANK OF MANSFIELD Mansfield, Ga.

As called for by the Superintendent of Banks.

A. E. HAYS,

G. BARRON DAVIS,

President.

Cashier.

Date of Charter: 12-19-1945

Began Business: 3-1-1946

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

ASSETS

LIABILITIES

Cash. balances with other banks. in..

Demand deposits.................................... $ 246,787.38

eluding reserve balances. and cash items in process of collection ________ $

78,730.67

Time deposits.

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

Deposits of U. S. Government

None None

United States Government obligations direct and guaranteed _______ _
Obligations of States and political subdivisions

25,000.00 None

Deposi!s. _of States and political

subdiVISIOnS ---------------------.----------------

Deposits of banks

.. .... .. ..

Other deposits (certified and offi-

25,000.00 None

Other bonds, notes. and debentures Corporate stocks (including stock of
Federal Reserve Bank) ---

None None

cers' checks, etc.) --------------------------Bills payable Acceptances executed by or for ac..

10.00 None

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures --------------- ____ _

-

Real estate owned other than bank

premises

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

Investments and other assets indi

rectly representing bank premises

201,832.68 2,267.46 None

count of this bank and outstand-

ing------------------------------------------------------Other liabilities..................................... Capital ...................................................

Surplus

-

Undivided profits....................................

Reserves - - --------------------------------

Nont. 91.31 25,000.00
6,000.00 4,942.12
None

or other real estate

None

Customers' liability to this bank on

acceptances outstanding_____

None

Other assets

None

Total Assets.................................... $ 307,830.81

Total Liabilities............................ $ 307,830.81

TWENTY-EIGHTH ANNUAL REPORT

85

STATEMENT Showing condition at the close of business December 31, 1947, of

COBB EXCHANGE BANK Marietta, Ga.

As called for by the Superintendent of Banks.

ROSSER N. LITTLE,
President. Date of Charter: 12-18-1906

0. D. KEMP, Cashier.
Began Business: 1-1-1907

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ ObligaJ:i'!n.s of States and political
SUbdlVlSlOTIS .................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) . ........ Loans and discounts (including
overdrafts)
Bank premises owned, furniture and fixtures........................... .......
Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding__________________
Other assets......................................

477,749.85 537,773.85 224,155.27
14,981.25 None
916,993.95 9,405.96 None
None None 40,839.63

Total Assets.................................... $ 2,221,899.76

LIABILITIES Demand deposits.................................... $

Time deposits..........................................

Deposits of U. S. Government........

Deposits of States and political sub-

divisions .......

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

Deposits of banks.......... .

Other deposits (certified and offi-

cers' checks, etc.) ............................

Bills payable Acceptances executed by or for ac...

count of this bank and outstand-

ing---------------- ...............................

Other liabilities

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

Capital .................................................

Surplus ....................................................

Undivided profits..................................

Reserves --------------------------------------------------

1,363,090. 75 424,516.54 2,250.00
262,427.46 10,224.08
10,209.57 None
None 2,915.82 75,000.00 25,000.00 46,265.54
None

Total Liabilities............................ $ 2,221,899. 76

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK Marshallville, Ga.

As called for by the Superintendent of Banks.

C. C. HASLAM, President.
Date of Charter: 12-24-1906

C. C. HASLAM, Cashier.
Began Business: 1-1-1907

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed........
Obliga!i<?n.s of States and political SUbdiVISIOnS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ____________ -----------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on
oth~~ep::S~~=~--~~-~-~~-~~~~-~~~~~~~~~~~:~~~~~~~
Total Assets................................... $

136,676.27 104,900.00
None None None 300,678.44
2.00 None
None None None 542,256.71

LIABILITIES Demand deposits.................................... $ Time deposits.......................................... Deposits of U. S. Government Deposits of States and political
subdivisions ...................................

Deposits of banks ----------------------------- _. Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable ........................................ Acceptances executed by or for ac-
count of this bank and outstand-

ing------------

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

Other liabilities.. ...........................

Capital ...................................................

Surplus

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

Undivided profits... ......................

Reserves ---------------------

400,753.70 52,669.95 None
1,881.64 None
14,187.91 None
None None 18,000.00 42,000.00 12,763.51 None

Total Liabilities............................ $ 542,256.71

86

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1947, 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

MRS. ETHEL S. JONES, Cashier.
Began Business: 9-27-1910

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection________ $

United States Government obliga-

tions, direct and guaranteed..........

Obliga!i<?n.s of States and political

subdtvtsiOns ......................................

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)....................

Loans and discounts (including

overdraftil)

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

Bank premises owned, furniture and

fixtures ---------------- Real estate owned other than bank

premises -------- Investments and other assets indi-

rectly representing bank premises

or other real estate........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets............................................

Total Assets..---------------- $

112,863.88 25,000.00 None None None
102,368.52 2,800.00 None
None None None 243.032.40

LIABILITIES Demand deposits.................................... $ Time deposits.......................................... Deposits of U. S. Government............ Deposi~s ..of States and political
subdtvtstons ...................................... Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable............................................
Acceptances executed by or for ac..
count of this bank and outstanding ........................................................
Other liabilities.................................... Capital .................................................... Surplus ....................................................
Undivided profits ................................
Reserves ..................................................

142,209.50 45,647.55
None
4,872.28 None
11,089.37 None
None None 25,000.00 8,000.00 6,213.70 None

Total Liabilities ........................... $ 243,032.40

STATEMENT Showing condition at the close of business December 31, 1947, of
BANK OF MEIGS Meigs, Ga.

As called for by the Superintendent of Banks.

LEO C. WILKES,
President. Date of Charter: 5-8-1903

0. H. LEWIS, Cashier.
Began Business: 6-1903

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i?~s of States and political subd1v1S10ns ------------------------------- Other bonds, notes and debentures Corporate stocks (including stock of Federal Reserve Bank).................... Loans and discounts (including overdrafts) ___ _ ___ _________ _____ ______
Bank premises owned, furniture and fixtures --------------------------------
Real estate owned other than bank
premises --------------------- Investments and other assets indi-
rectly representing bank premises or other real estate........... Other assets------------------------- Customers' liability to this bank on acceptances outstanding_______
Total Assets.................................... $

254,767.59 289,900.00
6,000.00 None None
261,376.85
3,933.41 1.00
None None None 815,978.85

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s. .of States and political
SUbdlVlSlOnS ......................................
Deposits of banks.............------------ Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities....................................
Capital ----- Surplus .................................................. Undivided profits..................................
Reserves ..................................................

522,901.09 41,603.10
299.00
39,172.76 114,987.08
2,396.88 None
None 1,205.78 50,000.00 15,000.00 24,913.16 3,500.00

Total Liabilities ------------ $ 815,978.85

TWENTY-EIGHTH ANNUAL REPORT

87

STATEMENT

Showing condition at the close of business December 31, 1947, of

METTER BANKING COMPANY Metter, Ga.

As called for by the Superintendent of Banks.

P. V. STRIPLING, President.
Date of Charter: 7-25-1930

P. L. ROUNTREE, JR., Cashier.
Began Business: 8-26-1935

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $

United States Government obliga-

tions, dircet and guaranteed.......... Obliga~i'?n.s of States and political

SUbdiVISIOnS ........................................

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)....................

Loans and discounts (including

overdrafts) ......... _

.......

Bank premises owned~ furniture and

fixtures ................................................

Real estate owned other than bank

premises ------------ Investments and other assets indi-

rectly representing bank premises

or other real estate........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets............................................

340,552.76 1,083,948.45
38,806.69 None None
283,850.64 14,551.79
None
None None None

Total Assets.................................... $ 1,761,710.33

LIABILITIES Demand deposits .................................... $

Time deposits.......................................... Deposits of U. S. Government.. ......

Deposi!s.of States and political

subdJvtslons ------ Deposits of banks................................ Other deposits (certified and offi-

cers' checks, etc.)--------------------------Bills payable............................................

Acceptances executed by or for ac-

count of this bank and outstand-
ing---------------------------------------------------
Other liabilities....................................

Capital ....................................................

Surplus

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

Undivided profits..................................

Reserves -----------------------------------------

1,520,661.40 None
2,413.16
123,017.90 2,252.22
2,516.22 None
None 439.24 50,000.00 25,000.00 10,410.19 25,000.00

Total Liabilities............................ $ 1,761,710.33

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF MIDVILLE

Midville, Ga.

As called for by the Superintendent of Banks.

J. B. THURMAN, President.
Date of Charter: 4-13-1945

R. H. SIMS, Cashier.
Began Business: 5-21-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'?n_s of States and political
subdiVISIOns ------------------------------------Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank).................... Loans and discounts (including
overdrafts) --------------- _. __ ------------ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ------------------------------------------ Investments and other assets indi-
rectly representing bank premises or other real estate____________________________ Customers' liability to this bank on acceptances outstanding__________________ Other assets............................................
Total Assets.................................... $

119,936.32 60,382.81 None None None
140,418.41 5,100.00 None
None None None 325,837.54

LIABILITIES Demand deposits ................................ $ Time deposits........................................ Deposits of U. S. Government............ Deposi~. _of States and political
SubdiVISIOnS ------------------------------------- Deposits of banks.............................. .. Other deposits (certified and offi-
cers' checks, etc.) ................................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing-----------------------------------------------------Other liabilities...................................... Capital .................................................... Surplus .................................................... Undivided profits....................................
Reserves -------------------------------------------

250,213.98 None
3,993.75
12,791.57 5,000.00
14,154.56 None
None None 25,000.00 5,000.00 8,183.68 1,500.00

Total Liabilities.............................. $ 325,837.54

88

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF MILAN Milan, Ga.

As called for by the Superintendent of Banks.

D. R. NEWTON, President.
Date of Charter: 12-5-1906

D. R. NEWTON, Cashier.
Began Business: 10-1906

ASSETS Cash, balances with other banks, in~

eluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed............

Obliga!i<?n.s of States and political

subdiVISIOns .............. -------------------- Other bonds. notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)---------------Loans and discounts (including

overdrafts) --------------------------------Bank premises owned, furniture and

fixtures ..

. ...

Real estate owned other than bank

premises ----------------- Investments and other assets indi-

rectly representing bank premises

or other real estate.........

Customers' liability to this bank on

acceptances outstanding..................

Other asset-------------------------

Total Assets_

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

185,608.24 504,604.74
8,000.00 None None
71,619.56 2,335.00 None
None None None 772,167.54

LIABILITIES
Demand deposit----------------------------- ---- $ Time deposits........................................ Deposits of U. S. Government----------,Deposi!s ..of States and political

DeSpUobsdiltVsISloOfDSba.n...k..s.._._._._._._._._._._._._._._._._._._._..............

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable____________ ,_ ---------------------------

Acceptances executed by or for ac-

count of this bank and outstand-

ing ........

Other liabilities_______ ----------------------------

Capital ------

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

Surplus --------------------- ---------------------------Undivided profits______ -----------------------------

Reserves .....................................

624,188.62 64,695.77 9,292.50
26,065.34 None
30.00 None
None None 20,000.00 20,000.00 5,895.31 2,000.00

Total Liabilities-------------------------- $ 772,167.54

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed........ Obliga!i?n.s of States and political subdtvtswns ..................... Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)---------------Loans and discounts (including
overdrafts) Bank premises owned, furniture and
fixtures ----------- Real estate owned other than bank
premises ............................................ Investments and other assets indi
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding..................
Other assets--------------------------------------------

325,604.16 891,100.04 108,768.45
32,389.29 None
996,036.43 2,975.05 1.00
None None 7,823.77

Total Assets------------------- ------------- $ 2,364,698.19

LIABILITIES
Demand deposits -------------------- -------- $ Time deposits....................... Deposits of U. S. Government. __________ _
Deposi~s. _of States and political subdlVlSIOnS ...............................
Deposits of banks____ -------------------------Other deposits (certified and offi-
cers' checks, etc.) ................ Bills payable_____.__ ------------------------Acceptances executed by or for ac-
count of this bank and outstandOtihnegr ...l..i.a..b..i..l.i.t..i.e..s.._._._._._._._._._.__._._._._._._._._._._._._._._._._._.._.......
Capital ------- -----------------------------------Surplus -----------------------------------------Undivided profits --------------------Reserves ----

1,119,425.35 801,648.59 9,390.45
103,287.63 77,280.67
7,409.92 None
None None 100,000.00 100,000.00 46,255.58 None

Total Liabilities--------------------------$ 2,364,698.19

TWENTY-EIGHTH ANNUAL REPORT

89

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE MERCHANTS AND 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

ASSETS
Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obliga-
tions, direct and guaranteed........ Obliga~i~ns of States and political

SUbdlVIS!ODS ---------------
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bankl---------------Loans and discounts (including
overdrafts) Bank premises owned, furniture and

fixtures -----------

Real estate owned other than bank

premises

........ .

Investments and other assets indi-

rectly representing bank premises

or other real estate.. .................

Customers' liability to this bank on

acceptances outstanding..................

Other assets____

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

Total Assets...---------------------------------$

475,786.50 888,125.39
None None None 757,031.99 7,455.04 2,454.61
None None None 2,130,853.53

LIABILITIES

Demand deposits_____________________

_____ $

Time deposits........ ...

_______ .....

Deposits of U. S. Government________

De~osi~s of States and political subdtvtsions ...........................
DEposits of banks __

Other deposits (certified and offi-

cers' checks, etc.) ........... Bills payable__________________ _

Acce>ptances executed by or for ac-

count of this bank and cutstanding .............. Other liabilities_____ _

Capital -----Surplus ...................... Undivided profits____ _

Reserves ............................

1,027,485.54 681,612.44 35,297.64
178,419.97 None
5,352.28 None
None None 80,000.00 100,000.00 18,901.61 3,784.05

Total Liabilities____________________________ $ 2,130,853.53

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE MILLEDGEVILLE BANKING COMPANY Milledgeville, Ga.

As called for by the Superintendent of Banks.

MILLER R. BELL, President.
Date of Charter: 2-28-1874

MILLER R. BELL, Cashier.
Began Business: 10-13-1884

ASSETS

Cash, balances with other bank, in-

cluding reserve balances, and cash

items in process of collection........ $

United States Government obliga-

tions, direct and guaranteed........

Obliga!ion.s of States and political

subdiVISIOnS .......

........ .

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)--- __ _

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures ................................................

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises

or other real estate..

..........

Customers' liability to this bank on

acceptances outstanding.................. Other assets _______ _

662,770.26 3,148,439.76
58,302.69 None None
713,574.81 2.00
None
None None None

Total Assets

4,583,089.52

LIABILITIES

Demand deposits__

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

Time deposits:

............,. ..............

Deposits of U. S. Government-----------

Deposits of States and political subdivisions ........................................
Deposits of banks____ -------------------------Other depcsits (certified and offi-
cers' checks, etc.) ............................ Bills payable__________________________________________ _

A cceptancfs executed by or for account of this bank and outstand-
Otihnegr ..l.iabilities________________________._.__._._._._._._._._._._.,

Capital ---------------------------------------------------USunrdpilvuids ed____p-r--o--f--i-t--s---_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--,-_-

Reserves ................................................

4,074,288.48 None None
None 105,451.97
14,839.73 None
None None 50,000.00 150,000.00 158,509.34 30,000.00

Total Liabilities____________________________ $ 4,583,089.52

90

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF MILLEN Millen, Ga.

As called for by the Superintendent of Banks.

J. F. BATES,
President. Date of Charter: 1-4-1893

W. H. SHEPPARD, JR.,
Cashier. Began Business: 3-1-1893

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed........ Obliga~i"!n.s of States and political
subdiVlSlODS .......................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) ................ Loans and discounts (including
overdrafts) ------------------Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ............................................ Investments and other assets indi-
or erc toltyh er re prreeasle netsitnagt e .b_a___n__k____p___r_e__m____i_s__e_ s_
Customers' liability to this bank on acceptances outstanding..................
Other assets.........------------------------------

683,730.40 1,252,549.98
5,000.00 None None
562,170.70 4,000.00 None
None None None

Total Assets.......----------- $ 2,507,451.08

LIABILITIES Demand deposits_____________________________ $
Time deposits........................................ Deposits of U. S. Government............ Deposits of States and political
Subdivisions ---- Deposits of banks................................ Other deposits (certified and offi-
cers' cheeks, etc.) ................................
Bills payable......------------------------- Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities...................................... Capital .................................................... Surplus ---------------- ................................ Undivided profits.................................. Reserves ..................................................

1,977,141.12 320,919.74 187.50
47,417.09 None
2,004.02 None
None None 50,000.00 50,000.00 59,781.61 None

Total Liabilities............................ $ 2,507,451.08

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 202,275.43

United States Government obliga-

tions, direct and guaranteed........

100,400.00

Obliga!i~n_s of States and political

SUbdlVlSlOnS ......................................

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank).---------------

None

Loans and discounts (including

overdrafts)

----------

33,100.64

Bank premises owned, furniture and

fixtures ................................................

1,000.00

Real estate owned other than bank

premises ............................................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

None

Customers' liability to this bank on

acceptances outstanding..................

None

- - - - Other assets............................................

None

Total Assets.................................... $ 336,776.07

LIABILITIES Demand deposits.................................... $ Time deposits....................................- .... Deposits of U. S. Government............ Deposi!s..of States and political
subdlVlSlOnS ........................................
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) ............................
Bills payable.......------------- Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities............_........................
Capital --------------- Surplus ----- Undivided profits.................................... Reserves .............................................._

266,253.07 46,555.68 None
4,353.01 None
104.25 None
None None 15,000.00 1,000.00 2,760.06 750.00

Total Liabilities............................ $ 336,776.07

TWENTY-EIGHTH ANNUAL REPORT

91

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Monroe, Ga.

As called for by the Superintendent of Banks.

C. R. BRADFORD, President.
Date of Charter: 1-1-1906

C. R. BRADFORD,
Cashier. Began Business: 1-1-1906

ASSETS
Cash, balances with other banks, including reserve balances~ and cash items in process of collection........ $
United States Government obliga-
tions, direct and guaranteed........ Obliga~i?~S of States and political

SUbdlVISlODS -------------------------

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures ................................................

Real estate owned other than bank

premises ............................................

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding..................

Other asset----------

1,013,440.20 1,118,943.07
76,277.84 None
3,900.00 662,916.61
None None
None None None

Total Assets.................................... $ 2,875,477.72

LIABILITIES Demand deposits .................................... $ Time deposits........................................ Deposits of U. S. Government............ Deposi~s. _of States and political
subdtVlSJOnS ........................................ Deposits of hanks................................ Other deposits (certified and offi
cers' checks, etc.) ............................
Bills payable......---------------- Acceptances executed by or for ac-
count of this bank and outstand-
ing--------------- Other liabilities....................................
Capital ----- Surplus ------ Undivided profits.................................... Reserves ..................................................

2,003, 710.76 532,685.51 20,088.00
108,978.96 None
7,055.24 None
None 11,138.55 100,000.00 30,000.00 61,820.70
None

Total Liabilities............................ $ 2,875,477.72

STATEMENT

Showing condition at the close of business December 31, 1947, of

MOULTRIE BANKING COMPANY Moultrie, Ga.

As called for by the Superintendent of Banks.

E. M. VEREIEN, President.
Date of Charter: 7-8-1896

R. G. McDONALD,
Cashier. Began Business: 1896

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed........ Obliga~io~s of States and political
subdivisiOns ------------ Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank).................... Loans and discounts (inc Iu ding
overdrafts) ___ _____ _____ ____ _______
Bank premises owned, furniture and
fixtures -------------------------- Real estate owned other than hank
premises ---- Investments and other assets indio rectly representing bank premises
or other real estate.......................... Customers' liability to this bank on
acceptances outstanding..................
Other assets-----------
Total Assets_______________________________ $

2,293,219.94 3,271,140.00
52,943.42 64,259.44 10,600.00 2,975,939.12
57,341.83 None
None None 29,075.00 8,754,518.75

LIABILITIES Demand deposits.................................... $
Time deposit----------- Deposits of U. S. Government............ Deposi~s. .of States and political
subdtVJSJODS ....................................... Deposits of banks.................................... Other deposita (certified and offi-
cers' checks, etc.)----------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing--------- Other liabilities....................................
Capital ---- Surplus --- Undivided profits................................- .. Reserves ................................................

6,074,888.94 1,029,828.84
41,765.36
98,544.44 594,723.85
68,468.70 None
None 29,075.00 200,000.00 300,000.00 210,000.00 107,223.62

Total Liabilities............................ $ 8,754,518.75

92

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

W. M. PETERSON, Cashier.
Began Business: 1-24-1901

ASSETS
Cash, balances with other banks, including reserve balances~ and cash items in process of collection________ $
United States Government obliga-
tions, direct and guaranteed............ Obliga~i'?n.s of States and political

subdlVlSJOllS ----------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) .......

Loans and discounts (including

overdratfs) _______

______________

Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank
premises ----------------- Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets................ ........................

Total Assets.......... ------------------------- $

281,154.64 279,100.00
17,319.83 9,000.00 None
145,797.95 3,204.16 None
None None None 735,576.58

LIABILITIES Demand deposits.................................... $ Time deposits.......................................... Deposits of U. S. Government............ Deposits of States and political
subdivisions .................................... Deposits of banks................................ Other deposits (certified and offi-
B icl lesr sp' acyhaebclkes__,__e__t_c_._)_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_--__-
Acceptances executed by or for account of this bank and outstanding .. ------- _______ -------------
Other liabilities....................................
Capital ---------------------------------------------------Surplus .................................................... Undi!v:ided profits................................ Reserves ..................................................

458,745.81 121,319.86
None
39,144.10 26,524.35
1,487.09 None
None 5,599.08 30,000.00 35,000.00 14,563.84 3,192.45

Total Liabilities............................ $ 735,576.58

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK Nashville, Ga.

As called for by the Superintendent of Banks.

M. E. PERRY,
President. Date of Charter: 2-19-1943

ARTHUR BROGDON, Cashier.
Began Business: 3-1943

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed........
Ob!iga~i'?n.s of States and political subdiVISIOns ......................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank)....................
Loans and discounts (including overdrafts) ----------------------------------------
Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank premises ..........
Investments and other assets indirectly representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets............................................

968,982.55 159,000.00
None None None 433,414.63 3,960.96 None
None None None

Total Assets................................... $ 1,565,358.14

LIABILITIES Demand deposits.................................. $ Time deposits............... ................ Deposits of U. S. Government........ Deposi~s. .of States and political
subdLVlSlOnS ........................................ Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing ---------u Other liabilities.................................... Capital .................................................... Surplus .................................................... Undivided profits.................................. Reserves ..................................................

803,612.72 369,722.86
18,451.25
187,888.08 74,672.66
2,687.82 None
None 4,000.00 50,000.00 50,000.00 4,322.75
None

Total Liabilities............................ $ 1,565,358.14

TWENTY-EIIGHTH ANNUAL REPORT

93

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE UNITED BANKING COMPANY Nashville, Ga.

As called for by the Superintendent of Banks.

JOSEPH M. BRYAN, President.
Date of Charter: 7-10-1924

J. C. FUTCH, Cashier.
Began Business: 7-1924

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection.... $
United States Government obliga-
tions, direct and guaranteed ........ Obliga~i~n.s of States and political

subdiVlSlODS --------
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (in eluding
overdrafts) ------------------------------------Bank premises owned, furniture and

fixtures ------

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

Real estate owned other than bank

premises ---------- ---------- .........

Investments and other assets indi..

rectly representing bank premises

or other real estate..........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets ............................................

512,405.39 407,000.00
4,000.00 Ncne None
492,261.52 2,401.80 None
None None 27,687.70

Total Asets.................................... $ 1,445,756.41

LIABILITIES Demand deposits.................................... $ Time deposits........................................ Deposits of U. S. Government________
Depcsi~s. _of States and political SubdiVISIOnS ......................................
Deposits of bank---------------- 0 ther deposits (certified and offi-
cers' che-cks, etc.) ............................ Bills payal:Jle............................................ Acceptances execut~d by or for ac-
count of this bank and outstanding ..................................................... Other liabilities......................................
Capital ----------- Surplus --------------- Undivided profits .................................. Reserves ..................................................

787,196.04 310,233.80
18,990.00
123,239.58 55,371.03
12,508.09 None
None None 35,000.00 35,000.00 40,722.33 27,495.54

Total Liabilities.............................. $ 1,445,756.41

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF NEWINGTON Newington, Ga.

As called for by the Superintendent of B:nks.

W. L. BRANTLEY, President.
Date of Charter: 7-7-1919

ADIEL E. HODGES,
Cashier. Began Business: 8-14-1919

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $ 100,103.28

United States Government obliga-

tions, direct and guaranteed........

85,000.00

Obligations of States and political

subdivisions ---------------- ----------------

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) ....................

None

Loans and discounts (including

overdrafts) ----------------------------------------

36,090.44

Bank premises owned, furniture and

fixtures ................................................

950.00

Real estate owned other than bank

premises ............................................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate..........................

None

Customers' liability to this bank on

acceptances outstanding..................

None

- - - - - Other assets............................................

None

Total Assets.................................... $ 222,143.72

LIABILITIES Demand deposits.................................... $ Time deposits........................................ Deposits of U. S. Government____________
Depcsi~:s. _of States and political subdtVlSICDS ........................................
DEpcsits of banks................................ Other deposits (certified and offi-
cers' che~ks, etc.) ............................

Bills payable .. --------------------------- AccEptanc?S executed by or for ac-
count of this bank and outstand-

ing

. -----

Other liabilities......................................

Capital --------------------- Surplus .................................................. Undivided profits................................_ Reserves ..................................................

196,141.79 None None
None None
208.57 None
None None 15,000.00 None 10,793.36 None

Total Liabilities............................ $ 222,143.72

94

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1947, of

BAKER COUNTY BANK Newton, Ga.

As called for by the Superintendent of Banks.

J. H. HALL, President.
Date of Charter: 10-4-1906

H. E. HALL, Cashier.
Began Business: 10-15-1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash Items in process of collection________ $ 365,111.47

United States Government obligations, direct and guaranteed___________ _

31,000.00

Obliga~i~n!' of States and political

subdtVlSlOllS ................................

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank)--------------------

None

Loans and discounts (including

overdrafts) --------------------------------------

120,402.88

Bank premises owned, furniture and

fixtures ----------------------------------------Real estate owned other than bank

1,680.00

premises ............................................

None

Investments and other asseta indi-

rectly representing bank premises

or other real estate.-------------

None

Customers' liability to this bank on

acceptances outstanding..................

None

Other

assets..

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

-

-

-

None
--

Total Assets----------------------- $ 518,194.35

LIABILITIES
Demand deposits------------------------- $ Time deposits---------------------------Deposits of U. S. Government............ Deposi~- .of Statea and political
SUbdiVlSlODS .....................................
Deposits of banks----------------- Other deposits (certified and offiBicllesrsp'aycahbelcek__s__,____e__t__c__._)__._._._._._._._._._._._._._._._._._._._._._._._._._._._.
Acceptances executed by or for account of this bank and outstanding ........................................................
Other liabilities....--------------- Capital -------------------Surplus ------------------------------ Undivided profits ...-----------------Reserves ..................................................

361,276.10 24,979.35 90.00
49,978.49 None
7,229.72 None
None None 25,000.00 40,000.00 7,640.69 2,000.00

Total Liabilities............................ $ 518,194.35

STATEMENT Showing condition at the close of business December 31, 1947, of
THE BANK OF NORCROSS Norcross, Ga.
As-called for by the Superintendent of Banks.

CLIFFORD JONES, President.
Date of Charter: 12-12-1903

J. S. NESBIT,
Cashier. Began Business: 2-1-1904

ASSETS 'Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i~n_s of States and political subdlVlStons ...................................... Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank)------------ Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures -------------------------- Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate----------------Customers' liability to this bank on acceptances outstanding..................
Other asset--------------------------------
Total Assets ..----------------- $

79,860.53 317,551.57
None None None 106,233.83 4,225.00 None
None None None 507,870.93

LIABILITIES Demand deposits.................................... $
Time deposits ..... -------------------------Deposits of U. S. Government............ Deposi~"- .of States and political
subdtvl&lons ......................................
Deposits of banks------------ Other deposits (certified and offi-
cers' checks, etc.)----------------Bills payable........----------------------------Acceptanc-es executed by or for ac-
count of this bank and outstanding ........................................................
Other liabilities............----------------Capital ----------------------Surplus ------------------------------Undivided profits-------------------Reserves ................................................

427,188.89 10,968.63 None
14,422.22 None
None None
None None 30,000.00 6,000.00 18,821.84 469.35

Total Liabilities_____________________________ $ 507,870.93

TWiENTY-EIIGHTH ANNUAL REPORT

95

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF OCHLOCHNEE Oehlochnee, Ga.

As called for by the Superintendent of Banks.

W. H. WURST, President.
Date of Charter: 10-19-1906

A. E. SPE'ER,
Cashier. Began Business: 11-1906

ASSETS Cash, balancea with other banks, in-
cluding reserve balances. and cash Items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga!i'?n.s of States and political
SUbdlVlSIODS ........................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate.......... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................
Total Assets.................................... $

220,081.58 131,500.00
3,000.00 None None
178,324.72 2, 750.00 None
None None None 535,656.30

LIABILITIES Demand deposits.................................... $ Time deposits.......................................... Deposits of U. S. Government............ Deposi!l'.of States and political
subdiVISIODS ................................
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.)------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ 'Other liabilities...................................... Capital .................................................... Surplus .................................................. Undivided profits.................................... Reserves ..................................................

315,699.09 118,439.59
2,210.33
27,798.77 31,174.75
1,193.48 None
None None 25,000.00 5,000.00 9,140.29 None

Total Liabilitie1.............................. $ 535,656.30

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FIRST STATE BANK Ocilla, Ga.

As called for by the Superintendent of Banks.

JOE H. LITTLE, President.
Date of Charter: 5-11-1943

W. L. COOK,
Cashier. Began Business: 6-1-1943

ASSETS
Cash, balances with other banks, in-
cluding reserve balances., and cash
items in process of collection.......... $
United States Government obligations, direct and guaranteed........
Obliga!i<?n.s of States and political subdtvtstons ......................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank)....................
Loans and discounts (including overdrafts) ........................................
Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ..............................................
Investments and other assets indirectly representing bank premises
or other real estate........................ Customers' liability to this bank on
acceptances outstanding.................. Other assets............................................

809,480.74 1,427,695.00
None None None 486,136.73 6,216.38 None
None None None

Total Aasets.................................... $ 2,729,528.85

LIABILITIES Demand deposits .................................. $ Time deposits........................................ Deposits of U. S. Government........ Deposi~s ..of States and political
SUbdtVlSlOnS ........................................ Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.)............................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities.................................... Capital .................................................... Surplus .................................................. Undivided profits....................................
Reserves -

1,963,808.38 380,199.13 43,654.06
159,533.42 None
13,087.38 None
None None 50,000.00 50,000.00 54,246.48 15,000.00

Total Liabilitiea............................ $ 2,729,528.85

96

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1947, of
BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks.

W. E. WILBURN, President.
Date of Charter: 2-5-1901

JOHN F. WILLIAMS, Cashier.
Began Business: 2-8-1901

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obligati~n.s of States and political
subdlVlSIOllS 'J...........
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ------------------------------------Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ------------ Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding............ Other assets............................................

305,347.08 194,100.00
5,000.00 None None
777,538.30 300.00
2,007.00
None None None

Total Assets.................................... $ 1,284,292.38

LIABILITIES Demand deposits.................................... $ Time deposits........................................ Deposits of U. S. Government............ Deposi~s. .of States and political
subdlVlSIODS ........................................
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) ................................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities.................................... Capital .................................................... Surplus .................................................... Undivided profits.................................... Reserves ................................................

765,001.72 38,447.79 2,075.00
155,786.86 None
7,140.41 225,000.00
None None 15,000.00 35,000.00 None 40,840.60

Total Liabilities............................ $ 1,284,292.38

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances~ and cash

items in process of collection ........ $ 135,813.10

United States Government obliga-

tions, direct and guaranteed............

317,300.00

Ob!iga!i~ns of States and political

subdiVISIOnS ......................................

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) ....................

None

Loans and discounts (including

overdrafts) ---------------------------------------

86,093.70

Bank premises owned, furniture and

fixtures ----------------------- Real estate owned other than bank

1,000.00

premises ..............................................

None

Investments and other assets indi-

rectly representing bank premises

or other real estate........................

None

Customers' liability to this bank

on acceptances outstanding............

None

- - - - Other assets............................................

None

Total Assets.................................... $ 540,206.80

LIABILITIES Demand deposits.................................... $ Time deposits............................................ Deposits of U. S. Government............ Deposi~- _of States and political
SubdiVISIOnS ........................................
Deposits of banks ................................ Other deposits (certified and offi-
cers' checks, etc.)-------------- Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing -----------Other liabilities.................................... Capital .................................................... Surplus ................................................ Undivided profits...........................--
Reserves -------

441,573.78 56,631.09 None
None None
1,096.88 None
None None 25,000.00 10,000.00 3,905.05 2,000.00

Total Liabilities............................ $ 540,206.80

TWENTY-EIIGHTH ANNUAL REPORT

97

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE PATTERSON 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

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection ~------ $ United States Government obligations, direct and guaranteed.--------Obliga~i'?n.s of States and political
subdlVlSlODS ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----Loans and discounts (including
overdrafts ) _______ ------------------------------Bank premises owned, furniture and
fixtures ------------- ------------------------ ______ Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on Otahcecrepatsasnectess____o__u__t_s_t_a_n__d__i_n__g_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-
Total Assets...------------------------------- $

337,028.61 97,000.00 None None None 59,843.34 2,100.00 None
None None None 495,971.95

LIABILITIES Demand deposits ____________________ -------------- $
Time deposits ----------------------Deposits of U. S. Government-------~ Deposits of States and political
subdivisions ------------------------------Deposits of banks__ ______ -----------Other deposits (certified and offiBilclesrps'aycahbeclek_s__,___e__t_c__._)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out--
standing ------------------------------------Other liabilities --------------------------------Capital ----------------------------------------------Surplus --------------------------------------------Undivided profits.........--------------------Reserves ____________ ------------------------------------

407,056.81 35,166.55 None
20,000.00 None
54.17 None
None 231.71 15,000.00 12,000.00 6,462.71 None

Total Liabilities ___________________________ $ 495,971.95

STATEMENT

Showing condition at the dose of business December 31, 1947, of

THE CITIZENS EXCHANGE BANK Pearson, Ga.

As called for by the Superintendent of Banks.

J. L. SUMMERLIN, President.
Date of Charter: 1-19-1943

H. T. SCRUGGS, Cashier.
Began Business: 5-12-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash item::i in process of collection________ $ United States Government obligations, direct and guaranteed---------Obliga~i'?n.s of States and political subdtvtsions -------------------- ------------------Other bonds. notes. and debentures Corporate stocks (including stock of Federal Reserve Bank)--------------Loans and discounts (including overdrafts) __________ -------------------------Bank premises owned, furniture and fixtures ---------------------------------------------Real estate owned other than bank premises -----------~------------------------------Investments and other assets indirectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding________________
Other assets.--------------------------------------
Total Assets..----------------------------- $

339,071.67 200,000.00
None None None 192,685.49 2,312.50 None
None None None 734,069.66

LIABILITIES

Demand deposits............. ----------------- ... $

Time deposits

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

Deposits of U. S. Government----- Deposi~. _of States and political

SubdiVISIOnS -------------- ----------------------Deposits of banks ---------- ---~--------------

Other deposits (certified and offi

cers' checks, etc.) ___ ------------------------

Bills payable ___ -------- ---------------Acceptances executed by or for

account of this bank and out--

standing -------------------------------------------

Other liabilities......... ----------------------

Capital ------------------------------------------------

Surplus --------------------------------------------Undivided profits____________ ---------------------

Reserves ___________ ------------------------------------

395,052.89 99,027.69 30,000.00
93,086.21 76,202.54
151.69 None
None 5,028.64 25,000.00 10,000.00
520.00 None

Total Liabilities..----------------------- $ 734,069.66

98

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS BANK OF PELHAM Pelham, Ga.

As called for by the Superintendent of Banks.

F. D. HOLLIS, President.
Date of Charter: 8-25-1902

R. T. MUGGRIDGE, Cashier.
Began Business: 9-1-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed__________
Obliga~i~n.s of States and political

SUbdiVlSIODS ----------------------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ....

Loans and discounts (including

overdrafts) ........

.........

Bank premises owned, furniture and

fixtures --------------------------------.............

Real estate owned other than bank

premises .. ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding..................

Other assets...-----------------------------

511,537.22 752,800.00
None None None 487,093.86 5,963.64 None
None None None

Total Assets.................................... $ 1,757,394.72

LIABILITIES Demand deposits....---------------------------- $ Time deposits....-----------------------------Deposits of U. S. Government.._______ Deposits of States and political
subdivisions -----------------------------------Deposits of banks................________________
Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable............... --------------------------Acceptances executed by or for
account of this bank and outstanding _ ------------------------------------Other liabilities......................................
Cap ita! ------------------------------------------------Surplus --------------------------------------Undivided profits....................---------Reserves -------------------------------------------------

1,175,118.67 265,509.31 4,504.80
61,480.10 57,001.53
4,830.59 None
None 5,693.72 100,000.00 50,000.00 21,900.47 11,355.53

Total Liabilities............................. $ 1,757,394.72

STATEMENT

Showing condition at the close of business December 31, 1947, of

PELHAM BANKING CO. Pelham, Ga~

As called for by the Superintendent of Banks.

W. C. COOPER, President.
Date of Charter: 12-4-1936

D. P. OTT, Cashier. Began Business: 12-8-1936

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ....... $ United States Government obligations, direct and guaranteed .. ...... Obliga~i~n.s of States and political SUbdiVISIOnS .............. .................. Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank).................... Loans and discounts (including overdrafts)
Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank
premises -------------------------.--------------- _ Investments and other assets indi-
rectly representing bank premises or other real estate.. .................. Customers' liability to this bank on acceptances outstanding....._____________
Other assets...........................................

327,476.70 383,244.08
51,926.66 None None
351,828.59 8,995.98 None
None None None

Total Assets ....................... ----- $ 1,123,472.01

LIABILITIES Demand deposits..................._______________ $
Time deposits ____ -----------------------Deposits of U. S. Government.......... Deposi~. _of States and political
subdlVlSlODS -----------------------------------Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable......................................____ Acceptances executed by or for
account of this bank and outstanding ----------------- -------------------------Other liabilities..........................___________ Capital ....................................................
SUunrdpiIvuisded profit--s-.-...-.-..-.-.-.-.-..-.-.-.-.-.-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_
Reserves -----------------------------------------------

891,047.10 120,179.34
4,925.95
13,880.40 None
4,776.04 None
None None 25,000.00 25,000.00 17,937.00 20,726.18

Total Liabilities............................ S 1,123,472.01

TWENTY-EIGHTH ANNUAL REPORT

99

STATEMENT

Showing condition .at the dose of business December 31, 1947, of

THE PEMBROKE STATE BANK Pembroke, Ga.

As called for by the Superintendent of Banks.

C. L. GRUVER, President.
Date of Charter: 12-29-1937

C. L. GRUVER, Cashier.
Began Business: 2-11-1938

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection_.______ $

United States Government obligations, direct and guaranteed________

Obligations of States and political

subdivisions

__________ --------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) -------

Loans and discounts (including

overdrafts) --------------------------------------Bank premises owned, furniture and

fixtures -----------------------------~-------------Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate............................

Customers' liability to this bank on acceptances outstanding__________________
Other assets__________________________________________

Total Assets___________________________________ $

158,007.01 388,355.00
3,072.78 None None
392,357.87 3,460.00 None
None None 1,006.17 946,258.83

LIABILITIES Demand deposits____________________.__________ $ Time deposits______________________________________ Deposits of U. S. Government ________ Deposits of States and political
subdivisions _________ Deposits of banks_________________________________
Other deposits (certified and offiBicllesrps'aycahbelcek__s__,____e_t_c_._)_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbil_iti.e-s--_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-
Capital -----------------------------------------------SurpIus ----------------------------------------------Undivided profits--------------------------Reserves ---------------------------------------

691,510.82 45,274.68 7,358.12
125,405.48 None
7,020.21 None
None 10,455.46 25,000.00 25,000.00
234.56 9,000.00

Total Liabilities ----------- --------------- $ 946,258.83

STATEMENT

Showing condition at the dose of business December 31, 1947, of

PERRY LOAN & SAVINGS BANK Perry, Ga.

As called for by the Superintendent of Banks.

C. E. ANDREW, President.
Date of Charter: 8-20-1889

W. V. TUGGLE, Cashier.
Began Business: 1889

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection_______ $

United States Government obligations direct and guaranteed________

Obliga!i<?n.s of States and political

subdlVlSIOnS ---------------------------------------Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank)______

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures --------------------------------------------Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate............................

Customers' liability to this bank on acceptances outstanding__________________

Other assets.-----------------------------------------

765,417.45 1,000,000.00
5, 7 0 0 . 0 0 None None
577,006.97 2.00
None
None None None

LIABILITIES Demand deposits________________________________ $ Time deposits _______________________________________ Deposits of U. S. Government __________
Deposi?'..of States and political DespubodsiiVtslSIoOfDbSan--k--s-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c__._)_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-.-_-_-_-__-_-_-_-
Acceptances executed by or for account of this bank and outstanding --------------------------------------
Other liabilities -----------------------------------Capital ----------------------------------------------SUunrdpivIuids e-d---p-r--o-f--i-t-s-_-_-_-_-_-_-_-_-_-_-_-____-_-_-_-_-_-_-_-__-__-_-_-_-_-_
Reserves _ -------------------------------------------

---------------------------------------------- Total Assets_________________________________ $ 2,348,126.42

Total Liabilities__________________________ $

1,644,851.50 123,858.00 2,026.38
432,973.42 None
2,587.09 None
None None 25,000.00 27,500.00 89,330.03 None
2,348,126.42

100

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business Jkcember 31, 1947, of

BANK OF PINEHURST Pinehurst, Ga.

As called for by the Superintendent of Banks.

W. F. SCARBOROUGH, President.
Date of Charter: 1-1-1908

A. M. WILSON, Cashier.
Began Business: 1904

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed _________

Obliga~i~n.s of States and political

subdiVlSlODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ______

Loans and discounts (including

overdrafts) -----------------------------Bank premises owned, furniture and

fixtures ----------------------

____ _

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_____

Customers' liability to this bank on

Otahcecrepatsasnectes s____o__u__t_s__t_a_n__d__i_n__g__-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-_

Total Assets__________________________________ $

467,774.18 125,301.63
None None None 99,182.43 1,250.00 None
None None None 693,508.24

LIABILITIES Demand deposits __________________________________ $

Time deposits ----------------------Deposits of U. S. Government ____

Deposits of States and political

subdivisions _------------------------------------

Deposits of banks______________

---

Other deposits (certified and offi-

cers' checks, etc.) ----------------------------

Bills payable----------------------------------------Acceptances executed by or for

account of this bauk and out-

standing ---------------------------------------------

Other liabilities ---------------- -------------------

Debentures ------------------ ---------------------------

Capital --------------------------------------------------Surplus ____________ -------------------------------------Undivided profits __________________________________

Reserves --------------------------------------------------

544,247.12 89,434.16 None
11,108.50 None
2,164.91 None
None None 10,000.00 25,000.00 5,000.00 1,533.55 5,000.00

Total Liabilities____________________________ $ 693,508.24

STATEMENT Showing condition at the close of business December 31, 1947, 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

ASSETS Cash. balances with other banks, in..
eluding reserve balances. and cash items in process of collection ________ $ United States Government obligations. direct and guaranteed--------Obliga~i~n.s of States and political subdlVlSlOnS -----------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) ____________________
Loans and discounts (including overdrafts) ---------------------------------------
Bank premises owned, furniture and fixtures ----------------------------------------
Real estate owned other than bank premises ---------------------------------------------
Investments and other assets indirectly representing bank premises or other real estate________________________
Customers' liability to this bank on acceptances outstanding_________________
Other assets___________________________________
Total Assets___________________________ $

199,864.44 147,400.00
None None None 118,563.13 650.00 None
None None 7,943.10 474,420.67

LIABILITIES Demand deposits ___________________________________ $

Time deposits ______ ----------------------------Deposits of U. S. Government _________ Deposi?<. _of States and political DespubodsiiVtsISoIOf nbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_---

Other deposits (certified and offi-

cers' checks, etc.)---------------------------

Bills payable ---------------------------------------Acceptances executed by or for

account of this bank and out-

standing ----------------------------------------

Other liabilities______________

____

Capital ----------------------------------------------USunrdpilvuids e_d_____p___ro--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Reserves ----------- -----------------------------------

393,274.73 8,2611.34 160.00
30,073.69 None
1,089.90 None
None None 25,000.00 5,000.00 11,557.01 None

Total Liabilities____________________ $ 474,420.6"

TWENTY-EIGHTH ANNUAL REPORT

101

STATEMENT Showing condition at the close of business December 31, 1947, of
THE BANK OF QUITMAN Quitman, Ga.
As called for by the Superintendent of Banks.

H. W. STUBBS, President.
Date of Charter: 12-31-1888

F. T. BENSON, Cashier.
Began Business: 12-31-1888

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection________ $
United States Government obligations, direct and guaranteed__
Obliga!i'?n_s of States and political
subdiVISlODS ----------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ~~~~~~~~~~~~ Loans and discounts (including
overdrafts) ~~~~-~~-~~~~~~-~~~~~~~~-~~-~~~~-~~~~~~ Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_______________
Customers' liability to this bank on acceptances outstanding__________________
Other assets~~~..~~~~~~~~~~~-~~~~--~~~~~~~~~-~~----

858,081.96 1,160,033.40
None None None 201.001.85 3,989.14 None
None None None

Total Assets~~~~-~~~~~~--~~~~-~~~~~-~~~--~~~~ $ 2,223,106.36

LIABILITIES Demand deposits~~~~-~~~~~--~~~--~~~-~~~~~~~~~~~ $ Time deposits~~~~~~~~~~~~~~~~-~~~~~~~~~~~~~~~~-~~~~~~ Deposits of U. S. Government~~~~~~~ Deposi~. _of States and political
subdiVJSJOOS ------------------------------------
Deposits of banks~~~~-~~~~-~~~~~-~~~--~~~~~~-~~~~ Other deposits (certified and offi-
cers' checks, etc.)~~~~-~-~--~~~~~~~~~-~~-.. Bills payable~~~~~~~~~~-~-~~~~~~-~~~~..-~-~-~~~~~-~~~ Acceptances executed by or for
account of this bank and out-
standing ---------------------------------------Other liabilities~~~~--~~~~~~~~~-~~-~~~~~~-~~~-~~Capital ~~~~-~~~~~~~-~~-~~-~-~-~~~-~-~~-~~~~~~~~~~~- S u rp Ius ~~~~~~~~~~~~~-~~~~-~-~~~~~~~--....--~--~~~~~~~~ Undivided profits~~~~~-~~-..-~~~-~~~-~~~~~..-~~~~~~
Reserves -----------------------------------------------

1, 711,236.55 212,716.23 9,868.98
91.273.60 11,397.00
606.56 None
None 2,000.00 60,000.00 50,000.00 45,117.43 39,000.00

Total Liabilities~~~~~~~~~-~-~~-~~~~~~~~~~~--$ 2,223,106.35

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE TATTNALL BANK Reidsville, Ga.

As called for by the Superintendent of Banks.

RALPH HUCKABEE, President.
Date of Charter: 9-14-1900

E. B. REGISTER, Cashier.
Began Business: 10-22-1900

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process of collection________ $
United States Government obligations. direct and guaranteed ________
Obliga!i'?n.s of States and political
SUbdlVlSlODB -----------------------------~------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ~~~~~~~~~~~~~~~~~~ Loans and discounts (including
overdrafts) ~~~~-~~-~-~~~-~~~~~~~~~~~~~~~-~~~~ Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises -------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate~~~~-~~~~~~~~~~~-~~~~~~ Customers' liability to this bank on acceptances outstanding_______________
0 ther assets~~~~-~~~-~-~--~-~~~~~~~-~~~~-~-~~-~-

325,164.15 720,000.00
900.00 None None 379,287.81 3,149.00 None
None None None

Total Assets~~~~--~~~~-~~~---~~~~-----~~~~~- $ 1,428,600.96

LIABILITIES TDiemmeanddepdoepsoistist_s_~_~_~__~_~_-__~_~_~_~__~_-_-_~__~_~_~__~_~_-_~__-_-_-_-__~_~_~__~_-_~ $

Deposits of U. S. Government~~~~~~~~~~ Deposi~- _of States and political

subdlVISlODS --------------------------------------
Deposits of banks~~~~~~~~~~~-~~~~~~-~~~~~~~~~~~~~~

Other deposits (certified and offi-

cers' checks, etc.) ---------------------Bills payable~~~~-~~~~~~-~~~~~~~-~-~--~~~~~~-~--~-~

Acceptances executed by or for

account of this bank and out-

standing ~~~--~~~~~-~~~~~~~-~-~~~----~--~~~-~~~ Other liabilities~~~~~~~~~~~~~~~~~--~~-~~~~-~-~~-~~~

Capital ~~~~--~~~~~~~~~~-~~~~-~~~~~-~~--~-~--~~~~-~~-

S urp Ius ~~~~-~~~~-~~-~-~~~~~~~----~~~-~~----~~~~~~~ Undivided profits~~~~~~~~~~--~-----~~~~~~~~~~~--

Reserves

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

1,084,857.87 138,880.24 4,245.07
115,015.19 9,469.50
4,389.24 None
None None 26,000.00 26,000.00 13,233.61 8,410.24

Total Liabilities~~~~-~-~~--~~-~~-~~~--~~~~ $ 1,428,500.96

102

DEPARTMENT OF BANKING

!STATEMENT

Showing condition at the close of business December 31, 1947, of

RENTZ BANKING COMPANY

Rentz, Ga.

As called for by the Superintendent of Banks.

0. D. BARRON, President.
Date of Charter: 5-2-1914

S. B. SMITH, Cashier.
Began Business: 5-5-1914

ASSETS

Cash, balances with other banks, in-

cluding reserve balances~ and cash

items in process of collection _______ $ 212,021.73

United States Government obliga-

tions, direct and guaranteed _________ 156,027.48

Obliga!i'!n.s of States and political

SUbdtVlSlOTIS ----~----------------

98.96

Other bonds, notes, and debentures

5,000.00

Corporate stocks (including stock of

Federal Reserve Bank) ________

None

Loans and discounts (including

overdrafts) --------------------------------- _____

83,720.94

Bank premises owned, furniture and fixtures ______ ____________________________________

500.00

Real estate owned other than bank

premises _____________ ----------------

10.00

Investments and other assets indi

rect]y representing bank premises or other real estate________

None

Customers' liability to this bank on

- - - - acceptances outstanding_________________
Other assets __________________________________________ Total Assets___________________________________ $

None None
457,379.11

LIABILITIES Demand deposits ------------------------------- $ Time deposits --------------------------------------Deposits of U. S. Government__________
Deposits of States and political subdivisions -----------------------------
Deposits of banks ________ -----------------------Other deposits (certified and offi-
cers' checks, etc.)------------------------Bills payable-----------------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil--i-t-i-e--s-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__--_

Capital ----------------------------------------------------

Surplus ______

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

Undivided profits----~-----------------------------

Reserves --------------------------------------------

399,947.14 16,000.00 None
845.40 None
None None
None 2,369.31 25,000.00 5,000.00 4,614.35 3.602.91

Total Liabilities -------------------------- $ 457,379.11

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS STATE BANK Reynolds, Ga.

As called for by the Superintendent of Banks.

MRS. CHAS. H. NEISLER,
President. Date of Charter: 9-8-1922

R. L. BELL, Cashier.
Began Business: 9-8-1922

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed--------Obliga!i~n_:; of States and political subdtVlSlOnS ---------------- --------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) -----------------Loans and discounts (including overdrafts) ---------------------------------------Bank premises owned, furniture and fixtures Real estate owned other than bank premises -------------------------------------------Investments and other assets indirectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding__
Other assets ---~-----------------------------------
Total Assets ________________________________ $

501,555.98 200,350.00
None 10,000.00
None 337,650.93
2,601.00 None
None None None 1,052,157.91

Demand deposits___L__I_A___B__I__L__I_T___I_E__S_______ $ Time deposits _______________________________________ Deposits of U. S. Government_________ Deposi)os.of States and political Despuobsdittvstsotfonbsan-k--s--_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-
Other deposits (certified and offiBicllesrps'aycahbeclek_s__,___e__t_c___._)__-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding ----------------------------------------
Other liabilities______ ---------------------------Capital ----------------------------------------------SUunrdpilvuisde-d-----p--r--o--f-i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves ---------------------------------------------

795,314.67 162,079.66
19,080.00
5,823.18 None
1,516.77 None
None None 25,000.00 15,000.00 28,343.63 None

Total Liabilities______________________ $ 1,052,157.91

Tw:ENTY-EIIGHTH ANNUAL REPORT

103

'STATEMENT

Showing condition at the close of business December 31, 1947, of

WILLIAMS BANKING COMPANY Rhine, Ga.

As called for 1by the Superintendent of Banks.

J. C. WILLIAMS, President.
Date of Charter: 8-4-1947

J. C. WILLIAMS,
Cashier. Began Business: 10-1-1947

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection________ $ United States Government obligations, direct and guaranteed_________ Obliga!i'?n.s of States and political
SUbdlVlSIODS -------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_________________________ Customers' liability to this bank on acceptances outstanding_______________ Other assets __________________________________________
Total Assets_______________________________ $

121,072.19 100,000.00
None None None 73,718.50 2,000.00 None
None None None 296,790.69

Demand deposits___L__I__A___B__I__L__I__T__I_E___S_______ $ Time deposits_____________________________________
Deposits of U. S. Government Deposi!". _of States and political DespuobdsiiVtslSolOf DbSank---s-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--__Other deposits (certified and offiBicllesrsp'aycahbelcek._s__,___e__t_c_._)_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Cap ita! ------------------------------------------------USunrdpilvuisde-d-----p-r--o--f-i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-
Reserves ---------------------------------------------

264,766.81 44.38 None
None None
49.50 None
None None 25,000.00 5,000.00 1,930.00 None

Total Liabilities ------------------------- $ 296,790.69

STATEMENT

Showing condition at the close of business Decem1ber 31, 1947, of

RICHLAND BANKING COMPANY Richland, Ga.

As called for by the Superintendent of Banks.

E. W. PARISH, President.
Date of Charter: 10-13-1927

REBECCA PARISR. Cashier.
Began Business: 10-15-1927

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed __ _ Obliga!i'?n.s of States and political
subdiVISIODS -------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) Loans and discounts (including
overdrafts) --------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate..---------------------Customers' liability to this bank on acceptances outstanding______________
Other assets...---------------------------------------
Total Assets __________________________ $

387,802.82 535,800.00
None None None 152,113.22 5,248.00 None
None None None 1,080,964.04

Demand deposits___L__I_A___B___I_L___I_T__I__E__S_______ $ Time deposits________________________________________ Deposits of U. S. Government......___ Deposits of States and political Despuobsdiitvs isoifonbsan-k--s--_-_-_--_-_-_-_-_-_-_--_-_-_-_-_-_-_--_-_-_-_-_-_-_--_-_-_-_-_-_
Other deposits (certified and offiBilclesrps'aycahbelcek_s__,___e_t_c_._)_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-
Capital ------------------------------------SUunrdpilvuisde-d---p-r--o--f-i-t-s-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-
Reserves ----------------------

904,425.20 40,720.29 4,406.25
25,694.92 26,326.28
638.80 None
None None 40,000.00 14,000.00 21,752.30 3,000.00

Total Liabilities..-------------------- $ 1,080.964.04

104

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF RINGGOLD Ringgold, Ga.

As called for 'bY the Superintendent of Banks.

R. H. BANDY, President.
Date of Charter: 8-26-1904

WALLACE B. BRUCE,
Cashier. Began Business: 8-1904

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed
Obliga!i~n.s of States and political

subdlVlSlOTIS ---------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

~~~~~~

Loans and discounts (including

overdrafts) ~~~~~~~~~~~~

Bank premises owned, furniture and

fixtures ------------ -------------------------- ------Real estate owned other than bank

premises -------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate------

_____ _

Customers' liability to this bank on acceptances outstanding__________________

Other assets ~~~~~

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

307,831.89 612,765.83
52,526.02 None None
361,846.63 13,945.28 1.00
None None None

Total Assets~~~~~~~~~~~~~~~~~~~~~-~~~~~~~-~~-$ 1,348,916.65

LIABILITIES Demand deposits~~~~~~~~~~~~~~~~~~~~~~~-~~~~~~~~~~~~ $ Time deposits. ________________________

Deposits of U. S. Government ~~~~~~~~ Deposi~. _of States and political

subdiVISIOnS --------------------------------------

Deposits of banks

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

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------Bills payable~~ ~~~~~~~~~
Acceptances executed by or for account of this bank and out-

standing ---------------------------Other liabilities~~~~~~~~~~~~~~~ ~ ~~~~~~~~~~~~~~~~~~~ Cap ital ~~~~~-~~~~~~~~~~~~~~~~~~~~~~~~~~~~-~~~~~~~-~~~-~~~~~
S urp Ius ~~~~~~~~~~~-~~~~-~~~--~~~-~~~~~~-~~~~-~~~~-~~~ Undivided profit!!~~~~~~~~~~~~~~--~-~~~~~~~~~~~~~~~~

Reserves -----------------------------------------------

587,871.46 394,167.74
5,973.24
282,769.81 None
5,913.19 None
None None 25,000.00 35,000.00 12,221.21 None

Total Liabilities~~ ~~~~~~~~~-~~~~~~-~~~~~~~~ $ 1,348,916.65

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed ___ Obliga!i~n!' of States and political SUbdiVISIOTIS -------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)~~~~~~~~~~~~~~~~~~ Loans and discounts (inc 1u ding overdrafts) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Bank premises owned, furniture and fixtures ~~~~~~~~~~-~~~~~~~~~-~~~~~~~~~~~-~~~~~~~~~~-~ Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding_________________
0 ther assets ~~~~~~~~~~-~~~~~~~~~~~~~~~~~~~-~-~~~~~~~~
Total Assets~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~- $

259,464.96 242,200.00
16,000.00 None None
75,128.77 1,016.50 3,000.00
None None None 596,810.23

LIABILITIES TDiemmeanddepdoepsoistists__~_~_~_~_~__~_~_~_~_~__~_~_-_~__~_~_~_~_~__~_-_-_~_~__~_-_~_~__~_~_~_~_$

Deposits of U. S. Government~~~~~~~~~ Deposi~s. _of States and political
SUbdiVISIOnS ___ ----------------------------------Deposits of banks~~~~~~~~~~~~~~~~-~~~~-~~~~~~~~~~ Other deposits (certified and offi-

cers' checks, etc.)--------------------------Bills p ayable ~~~~~~~~~~~~~~~~~~~~~~~~~~~-~~~~~~~~~~~-~~ Acceptances executed by or for
account of this bank and out-

standing --------------------------------------------

Other liabilities~~~~-~~~~~~~~~~~- ~~~~~~-~~~-~~~~~~~~

Cap ita! ~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~-~~~~~~~~~~~-~~~~~~~~

Su rp Ius

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

Undivided prof\ts ~~~~~~~~~-~-~~~~~~~~~~~~~~~~-

Reserves -----------------------------------------------

501,128.80 36,675.16 None
31,253.88 None
215.80 None
None None 15,000.00 10,000.00 2,536.59 None

Total Liabilities ~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~ $ 596,810.23

TWENTY-El!GHTH ANNUAL REPORT

105

STATEMENT

Showing condition at the close of business December 31, 1947, of

ROCHELLE STATE BANK Rochelle, Ga.

As called for by the Superintendent of Banks.

M. M. STEPHENS,
President. Date of Charter: 7-8-1947

M. M. STEPHENS,
Cashier. Began Business: 8-1-1947

ASSETS

Cash, balances with other banks, in

eluding reserve balances, and cash

items in process of collection ------ $

United States Government obligations, direct and guaranteed ________

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ___

Loans and discounts (including

overdrafts) ------

--------- -

Bank premises owned, furniture and

fixtures

____ _

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate

____ _

Customers' liability to this bank on acceptances outstanding _____

Other assets__

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

Total Assets _______ -------------------------- $

207,511.37 None None None None
29,845.89 2,500.00 None
None None 4,072.65 243,929.91

LIABILITIES

Demand deposits

_______ $

Time deposits _____ ____

Deposits of U. S. Government _-~--- Deposits of States and political
subdivisions Deposits of banks _________
Other deposits (certified and officers' checks, etc.) ____

Bills payable__---------

-

Acceptances executed by or for

account of this bank and out-

standing ------------------------------------------
Other liabilities.. ------------- Capital -----------------USunrdpilvuids ed profit_s___________________-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Reserves ..................................................

175,239.38 None None
36,193.48 None
7 41.98 None
None None 25,000.00 5,000.00 1,755.07 None

Total Liabilities __________________________ $ 243,929.91

STATEMENT

Showing condition at the close of business December 31, 1947, 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: 1900

ASSETS

Cash, balances with other banks, in

eluding reserve balances, and cash

items in process of collection ------- $

United States Government obliga-

tions. direct and guaranteed ---------

Obliga!i'?n.s of States and political

subdiVISIOns

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)-----------------Loans and discounts (including

overdrafts) ----------Bank premises owned, furniture and

fixtures ----------------

------

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate -----------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets _________ ------------------------------

640,702.59 1,869,579.00
9,803.00 None None
500,120.66 11,250.00 None
None None 237.97

Total Assets----------------------------------$ 3,031,693.22

Demand deposits ___L__I_A___B___I_L___I_T___I_E___S_______ $

Time deposits

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

Deposits of U. S. Government_

Deposi!>'. _of States and political

subdlVlSlODS -------------------------------------

Deposits of banks _ --------------------------

Other deposits (certified and offi-

cers' checks. etc.)------------------------------

Bills payable.-----------Acceptances executed by or for

account of this bank and out-

standing __ ----------------------------------

Other liabilities---------------------------------

Capital -------------------------------------------------

Surplus -----------------------------------------------

Undivided profits---------------------------------

Reserves ------------------------------------------

2,016,063. 71 805,263.96 9,700.47
68,745.55 None
6,972.75 None
None 5,000.00 50,000.00 25,000.00 23,946.78 21,000.00

Total Liabilities__________________________ $ 3,031,693.22

106

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE ROME BANK AND TRUST COMPANY

Rome, Ga.

As called for by the Superintendent of Banks.

J. B. DODD, President.
Date of Charter: 4-5-1945

J. B. DODD, JR., Cashier.
Began Business: 10-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $
United States Government obligations, direct and guaranteed________
Obliga!i'?n.s of States and political subdlVlSlOnS ---------------------------------------
Other bonds, notes, and dei!_entures Corporate stocks (including stock of
Federal Reserve Bank)-Loans and discounts (including
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding__________________
Other assets__________________________________________

620,993.53 1,007,166.14
49,380.06 20,112.60
None 925,951.73
30,582.7 6 None
11,359.65 None
9,892.54

Total Assets_________________________________ $ 2,675,439.01

Demand deposits___L___I_A___B___I_L___I__T__I__E__S________ $ Time deposits___________________________________
Deposits of U. S. Government_________ Deposi!B..of States and political DespuobdsiitVsISoifonbsan--k--s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.) -----------------------------
Bills payable......-----------------------Acceptances executed by or for
account of this bank and outstanding -------------------------------------------Other liabilities...................................... Capital -------------------------------------------------SUunrdpilvuisde-d-----p--r-o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves ..................................................

1,558,171. 72 749,153.49 13,379.50
187,041.68 None
16,496.32 None
None None 125,000.00 25,000.00 1,196.30 None

Total Liabilities__________________________ $ 2,675,439.01

STATEMENT

Showing condition at the close of business December 31, 1947, of

ROSWELL BANK Roswell, Ga.

As called for by the Superintendent of Banks.

J. H. FOSTER, President.
Date of Charter: 3-1-1901

C. G. WEBB, Cashier.
Began Business: 3-1901

ASSETS Cash, balances with other banks, in-
cluding reserve balances~ and cash items in process of collection ------- $ United States Government obligations, direct and guaranteed________
Obliga!i'?n.s of States and political
subdlVISlODS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate________________________
Customers' liability to this bank on acceptances outstanding__________________
Other assets ________________________________________

559,322.38 1, 768,300.00
23,000.00 None None
860,533.01 2,591.20 None
None None None

Total Assets.__________________________________ $ 8,213,746.59

Demand deposits ___L__I__A___B___I_L___I_T___I_E___S_______ $ Time deposits ____________________________________
Deposits of U. S. Government ________ Deposi!B..of States and political
subdiVlSlODS --------------------------------
Deposits of banks--------------------------------Other deposits (certified and offi-
cers' checks, etc.)-------------------------Bills payable------------------------ Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i-e--s-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_
Capital -------------------------------------------------USunrdpilvuids e-d---p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Reserves -----------------------------------------

2,459,984.79 533,532.07 None
19,383.76 78,651.26
3,446.90 None
None None 25,000.00 25,000.00 38,747.81 30,000.00

Total Liabilities__________________________ $ 8,213,746.59

TWENTY-EIGHTH ANNUAL REPORT

107

STATEMENT

Showing condition at the close of business December 31, 1947, 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

A. V. BROWN, Cashier.
Began Business: 9-1-1941

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _________ $

United States Government obliga-

tions, direct and guaranteed__

Obligations of States and political

subdivisions ___ --------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ____

Loans and discounts (including

overdrafts) ______ ---------------~----------------

Bank premises owned, furniture and

fixtures ____

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

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate

Customers' liability to this bank on

acceptances outstanding-----------------Other assets--------~-----~---~----~-----~-----~

Total Assets----------------~------------------ $

154,465.89 530,979.24
None None None 161,058.28 4,364.67 None
None None None 850,868.08

Demand

LIABILITIES deposits __________________________________

$

Time deposits _________

Deposits of U. S. Government__________

Deposi!..of States and political

subdiVISIOnS -------------------------------------Deposits of banks _______ -------------------------

Other deposits (certified and offi-

cers' checks, etc.) ________ -------------------

Bills payable---------- -------------- . Acceptances executed by or for

account of this bank and out-

Otshtearndilniagb-i-l-i--t-i-e--s--.-.-.-_-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital ___ -------------------------~--------------------Surplus ___________ -----------~---~-----~--------------Undivided profits ___________~----~-------------

Reserves ----------------------------

766,694,33 None
4,640.99
17,740.46 None
2,633.60 None
None None 25,000.00 5,000.00 29,158.70 None

Total Liabilities

------------$ 850,868.08

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF RUTLEDGE Rutledge, Ga.

As called for by the Superintendent of Banks.

R. W. WALLACE, President.
Date of Charter: 9-24-1898

C. B. VINING, Cashier.
Began Business: 10-1-1898

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed _ Obliga~i~n.s of States and political SUbdiVISIOnS ------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)-----------------Loans and discounts ( inc 1u ding overdrafts) -----~-----------Bank premises owned, furniture and fixtures --------------------------------Real estate owned other than bank premises ---------------------------------------------Investments and other assets indirectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding------------------
Other assets-----~---~----~----~----~---------~--
Total Assets.---------------------------------- $

183,155.45 24,000.00 9,668.32 3,500.00 None 380,002.69 1,029.94 250.00
None None None 601,606.40

LIABILITIES

Demand deposits___________________

__ $

Time deposits ________________________

Deposits of U. S. Government Deposits of States and political
subdivisions ---------------------------------------Deposits of banks ________
Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable.---------------------------- Acceptances executed by or for ac-
count of this bank and outstand-

ing---------------------Other liabilities.......--------Capital ---------------------------------------------------SUunrdpilvuids e-d-----p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_--~-----~---

Reserves -------------------------------------------------

400,352.87 116,822.10
None
24,500.00 None
2,253.12 None
None None 25,000.00 12,500.00 17,660,49 2,517.82

Total Liabilities----------------~---------- $ 601,606.40

108

DEPARTMENT OF BANKING

<STATEMENT

Showing condition at the dose of business December 31, 1947, of

BANK 01:'' SARDIS Sardis, Ga.

As called for by the Superintendent of Banks.

W. H. SMITH, President.
Date of Charter: 4-27-1945

WILLARD E. BELL, Cashier.
Began Business: 7-2-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection________ $ 141,506.59

United States Government obliga.

tions, direct and guaranteed"_________

30,000.00

Obliga~i~n!' of States and political

subdtvtstons --------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) ....................

None

Loans and discounts (including

overdrafts) ------------------

77,070.94

Bank premises owned, furniture and

fixtures -------------------------------------------

None

Real estate owned other than bank

premises ----------------------------------------

None

Investments and other assets indi-

rectly representing bank premises

or other real estate........________________

None

Customers' liability to this bank on acceptances outstanding_______________

None

- - - - - Other assets---------------------------------------Total Assets ______________________________ $

None 248,577.53

LIABILITIES Demand deposits_____________________________ $ Time deposits ____________________________________
Deposits of U. S. Government.......... Deposi!>'..of States and political
SubdtVISlOllS ----------------------------------
Deposits of banks--------------------------Other deposits (certified and offi-
cers' checks, etc.)--------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing---------------------------------------------------- Other liabilities....---------------------------Capital ------------------------------------------SUunrdpilvuisded--p--r-o--f--i-t-s-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-
Reserves ..................................................

183,813.30 None None
15,701.50 12,350.64
10.00 None
None .80
25,000.00 5,000.00 6,701.29
None

Total Liabilities-------------------------$ 248,577.53

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF SASSER Sasser, Ga.

As called for by the Superintendent of Banks.

T. E. MILLER, President.
Date of Charter: 2-15-1905

D. D. HILL, Cashier.
Began Business: 1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances~ and cash items in process of collection ------- $ United States Government obligations. direct and guaranteed __ ...... Obliga~i~n_s of States and political subdtVJSlODS ------------------------------------- Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate________________________
Customers' liability to this bank on acceptances outstanding----------------
Other assets.------------------------------------
Total Assets __________________________________ $

156,609.04 156,500.00
10,000.00 None None
111,624.14 3,100.00 None
None None None 437,833.18

Demand

LIABILITIES deposits ________________________________

$

Time deposits._____________ -----------------------Deposits of U. S. Government._______
Deposi?. _of States and political
subdlVlSlODS --------------------------------Deposits of banks.....-----------------~---- Other deposits (certified and offi-
cers checks, etc.)-------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-

ing---------- Other liabilities......................................
Capital ----------------------------------------------USunrdpilvuids e-d---p--r--o--f-i--t-s--_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves ---------------------------------------------

350,073.88 2,450.00 265.00
14,146.87 None
None None
None None 25,000.00 32,500.00 13,237.43 160.00

Total Liabilities --------------------------- $ 437,833.18

TWENTY-EliGHTH ANNUAL REPORT

109

STATEMENT

Showing condition at the close of business December 31, 1947, of

ATLANTIC SAVINGS & TRUST CO. Savannah, Ga.

As called for by the Superintendent of Banks.

JAMES E. CAROLAN, President.
Date of Charter: 11-6-1933

WM. H. WHITEHEAD, Cashier.
Began Business: 11-6-1933

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed__________
Obllga~i'?n." of States and political subdivisiOns ----------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank).................... Loans and discounts (including
overdrafts) -----------------------------------Bank premises owned, furniture and
fixtures _____________ ------------------------Real estate owned other than bank
premises ---------------------------------------- Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding_________________
Other asset---------------------------------

190,228.69 1,015,000.00
None None None 1,430,395.48 38,790.08
1.00
None None 25,223.69

Total Assets---------------------------- $ 2,699,638.94

LIABILITIES Demand deposits----------------- $ Time deposits----------------------------- Deposits of U. S. Government______ Deposi~. _of States and political
SUbdtVISIODS ------------------
Deposits of banks----------------------------Other deposits (certified and otli-
eers' checks, etc.)-----------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstandOtIhnegr ..l.i.a..b..i..l.i.t..i.e..s......_...._._._.._._._.._._._.._._._.._._._.._._._.._._._.._._._.._
Capital ----------------------------------------SUunrdpilvuisde-d----p--r-o--f-i-t-s--__-_-_-_-_-_-_-_-_-_-__-_-___-_-_-_-_-_-_-_-_-_-_-_
Reserves ..................................................

None 2,290,943.05
None
None None
2,119.92 None
None 928.36 100,000.00 200,000.00 105,647.61 None

Total Liabilities...---------------------$ 2,699,638.94

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CARVER SAVINGS BANK Savannah, Ga.

As called for by the Superintendent of Banks.

L. B. TOOMER, President.
Date of Charter: 4-29-1947

L. D. PERRY, Cashier.
Began Business: 6-4-1947

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection._______ $ United States Government obligations, direct and guaranteed ___ Obliga~i'?n." of States and political subdJVJSJons -------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) ________________ Loans and discounts (including overdrafts) -----------------------------Bank premises owned, furniture and fixtures -----------------------------------------------Real estate owned other than bank premises ---------------------------------------Investments and other assets indirectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding_______________
Other assets........-------------------------------
Total Assets--------------------------- $

47,271.57 25,050.00
None None 100.00 165,044.91 2,000.00 120.98
None None
7.00 239,594.46

LIABILITIES Demand deposits..------------------------- $ Time deposits....--------------------------Deposits of U. S. Government_________ Deposi~ . .of States and political
subdJVJStons -------------------Deposits of banks-------------------------Other deposits (certified and offi-
cers' cheeks, etc.)------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................
Other Jiabilities...---------------------------Capital ------------------------------------------SUunrdpilvuisded----p-r-o--f-i-t-s-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves ..................................................

None 118,834.10
None
None None
941.47 None
None None 100,000.00 19,220.00 598.89 None

Total Liabilities....--------------------- $ 239,594.46

110

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANK & TRUST COMPANY Savannah, Ga.

As called for by the Superintendent of Banks.

GEO. H. SMITH, President
Date of Charter: 5-22-1906

PAUL T. JONES, Vice-President and Cashier.
Began Business: 6-1-1906

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed_________ Obliga~i'?n.s of States and political subd>v>s>ons ---------------- --------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)_ Loans and discounts ( inc Iu ding
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------------Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate--------Customers' liability to this bank on
acceptances outstanding_________________ Other assets_____________________________________

1,063,031.95 1,688, 796.88
237,513.42 646,417.39
12,000.00 1 , 9 47, 702.78
105,000.00 None
None None 16,443.17

Total Assets-----------------------------------$ 5,716,905.59

Demand deposits ___L___I_A___B___I_L___I__T__I__E__S________ $ Time deposits _______________________________________ Deposits of U. S. Government__________ Deposi~. .of States and political Despuobsdittvstsotfonbsan--k--s--_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_

Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable........___..................-..---Acceptances executed by or for ac-
count of this bank and outstand-

Otihneg-r-lia-b--i-l-i-ties-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-___-_-_-_-_--_-

Capital ------------------------------------------------

S urp Ius

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

Undivided profits----------------------------------

Reserves ----------------------------------------------

2,767,386.35 1, 790,769.16
72,486.88
545,775.66 73,730.96
26,737.87 None
None 16,614.37 200,000.00 200,000.00 20,000.00
3,404.34

Total Liabilities_________________________ $ 5,716,905.59

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE GEORGIA STATE SAVINGS ASS'N 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, Secretary.
Began Business: 8-4-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances~ and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed ________ Obliga~i'?n.s of States and political subd1v1swns ------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)__________________ Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises ---------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate----- Customers' liability to this bank on
acceptances outstanding_________________ Other assets____________________________________

699,594.44 2,514,000.00
None None None 3,140,093.13 88,946.00 None
None None 3,395.25

Total Assets __________________________________ $ 6,446,028.82

Demand deposits ____L___I_A____B___I_L___I__T___I_E___S________ $
Time deposits ___________ ---------------------------Deposits of U. S. Government __________ Deposi~. _of States and political DespubodsiiVtsISoIOf nbSank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.)---------------------------
Bills payable...........---------------- Acceptances executed by or for ac-
count of this bank and outstandOtihneg-r---l-i--a-b-ili-t--i-e-s--_-_-_-___-_-_-_-__-_-_-______-_-_-_-_-_-___-_-___-_-__-_-_
Capital ---------------------------------------------8UunrdpivIuids ed----p--r--o--f-i--t-s--_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-__-_-_-_-
Reserves ------------------------------------------

None 5,788,477.31
168.75
111,784.68 None
14,676.10 None
None 15,513.62 325,000.00 90,000.00 94,299.86
6,109.00

Total Liabilities________________________ $ 6,446,028.82

TWENTY-EIIGHTH ANNUAL REPORT

111

STATEMENT

Showing condition at the close of business December 31, 1947, of

SAVANNAH BANK & TRUST COMPANY OF SAVANNAH

Savannah, Ga.

As called for by the Superintendent of Banks.

JNO. J. CORNELL, President.
Date of Charter: 3-4-1869

J. F. HENNEMIER, Cashier.
Began Business: 7-1-1869

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection._______ $

United States Government obligations, direct and guaranteed__________
Obliga~i'?n!' of States and political

SUbdJVISlOllS ----- ---- -------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ~~~~~-~~~~~~~~~~~~

Loans and discounts (including

overdrafts) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate........................
Customers' liability to this bank on acceptances outstanding_________________

Other assets~~~~-~~~~-------- ---~------~~--------~--

5,953,388.20 8,883,293.25
77,396.82 118,579.51
32,634.21 6,314,944.36
460,000.00 None
None None 86,391.52

Total Asset~-~----~~-~------~----------- $ 21,926,627.93

LIABILITIES

Demand deposits~-------------~------------------ $ 13,546,079.81

Time deposits..~-----~~- ~----------~-------------- 4,169,575.17

Deposits of U. S. Government~~~-----

137,110.46

Deposi~. _of States and political

subdivisions --------------------------------Deposits of banks.~-----------~--------~---~------

1,353,678.38 1,361, 794.85

Other deposits (certified and offi-

cers' checks, etc.) ~~~--- ------~------~~-~----

61,948.75

Bills payable........................~...................

None

Acceptances executed by or for ac-

count of this bank and outstand-

ing---------------Other Iiabilities.~~~--~~----~-~--~~~--~-~--~---~-----

None 66,500.00

Capital -~~---~----~----------~-------------~-~-------- S urp Ius --~~--~~~-~~~-----------------~~---------~-~-~-

500,000.00 500,000.00

Undivided profits.~~~-~~~-~~~----~------..----~-

169,940.51

Reserves -----------------------------------------------

60,000.00

Total Liabilities~~------------~~-------~--~ $ 21,926,627.93

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS & MERCHANTS BANK

Senoia, Ga.

As called for by the Superintendent of Banks.

R. W. FREEMAN, Vice-President.
Date of Charter: 3-2-1874

HATTIE SHELL, Cashier.
Began Business: 1889

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection .~----- $ 409,177.49

United States Government obliga-

tions, direct and guaranteed --------

307,790.79

Obliga~i'?n!' of States and political

subdiVISIOnS -- ----------------- ---------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) .........~..........

None

Loans and discounts (including

overdrafts)

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

101,767.00

Bank premises owned, furniture and

fixtures . ----------------------------------------------

1,676.50

Real estate owned other than bank

premises

550.00

Investments and other assets indi-

rectly representing bank premises

or other real estate........................

None

Customers' liability to this bank on acceptances outstanding_________________

None

- - - - - Other assets~~~-------~~-----~~------~----

None

Total Assets~~~~------~---~~-------~-~~-------- $ 820,961.78

LIABILITIES

Demand deposits ~~---~--------------~~--~~~-~---~ $

Time deposits ------------------------------------Deposits of U. S. Government~~~~~-~-

Deposits of States and political

subdivisions -----------------------------------

Deposits of banks ------------------------------

Other deposits (certified and offi-

cers' checks, etc.)----------------------------

Bills payable................

.... ~ .. ~

Acceptances executed by or for ac-

count of this bank and outstand-

ing ........................................................

Other liabilities~-~-~-- .....~~--~~--~-~~-~--~~------

Cap ita! ~~~~--~~~~~~-~---~~~---~-~~---~~---

Surplus --------~~--~-~----~--~~--~---~~----~------~----- Undivided profits-~~~---~~---------~-------~~---~--

Reserves ..................................................

645,408.20 120,589.28
607.63
None None
53.50 None
None 1,519.00 25,000.00 15,000.00 12,784.17
None

Total Liabilities~-~------~-----~~---~~~----~--$ 820,961.78

112

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS BANK OF SHADY DALE Shady Dale, Ga.

As called for by the Superintendent of Banks.

0. H. PERRY, President.
Date of Charter: 2-6-1920

0. H. BANKS, Cashier.
Began Business: 4-12-1920

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash items in process of collection _____ $

United States Government obliga-

tions, direct and guaranteed --------

Obliga~i~n.s of States and political

subdivisiOns ------------ -- -------

Other bonds, notes, and debentures

Corporate stocks (including stock of l<'ederal Reserve Bank) __________

Loans and discounts (including

overdrafts) -------------------------- ---------Bank premises owned, furniture and

fixtures ______

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

Real estate owned other than bank

premises -------------------------------- ---------Investments and other assets indi-

rectly rl"presenting bank premises

or other real estate........................

Customers' liability to this bank on acceptances outstanding_______________
Other assets ____________________________________

Total Assets ___________________________________ $

144,468.23 65,000.00 None None 195.00 63,134.49 1.00 1.00
None None None 272,799.72

LIABILITIES

Demand deposits_____

___________ $

Time deposits _____

Deposits of U. S. Government

Deposits of States and political

subdivisions ----------------. --------------

Deposits of banks ---------------------------Other deposits (certified and offi-
cers' checks, etc.) _____________

Bills payable............................................

Acceptances executed by or for ac-

count of this bank and outstand-

ing ..... -------------Other liabilities...................................... Capital ________________ -------------------------------SUunrdpilvuids e-d---p--r--o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Reserves ----------------------------------------------

214,966.11 29,716.27 None
63.20 None
251.46 None
None None 20,000.00 6,000.00 702.68 1,100.00

Total Liabilities ___ ----------------------$ 272,799.72

STATEMENT Showing condition at the close of business December 31, 1947, of
BANK OF SHARON Sharon, Ga.

As called for by the Superintendent of Banks.

ARTHUR D. BROWN, President.
Date of Charter: 9-29-1904

B. R. DARDEN, Cashier.
Began Business: 9-1904

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed Obligations of States and political subdivisions ____ -------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) .................... Loans and discounts (including overdrafts) ---------------------------------------Bank premises owned, furniture and fixtures ---------------------------------------------Real estate owned other than bank premises ---------------------------------------------Investments and other assets indirectly representing bank premises or other real estate............. Customers' liability to this bank on acceptances outstanding_________________ Other assets ________________________________
Total Assets ________________________________ $

21,786.64 78,750.00
None None None 71,555.15
1.00 None
None None None 172,092.79

LIABILITIES

Demand deposits---------------------------- _____ $

Time deposits ...

_____________________ _

Deposits of U. S. Government _________ Deposi~. _of States and political

subdtVISIOllS ----------- ---- ---------------------Deposits of banks -------------------------------Other deposits (certified and offi-

cers' checks, etc.) --------------------Bills payable............................................ Acceptances executed by or for ac-

count of this bank and outstand-

ing---------------------Other liabilities......................................

Capital -------------------------- ------------------------
Surplus ------------------------------------------------Undivided profits ---------------------------------

Reserves ----------------------------------------------

112,178.85 21,459.15 None
9,953.96 None
381.50 None
None None 15,000.00 11,000.00 1,119.33 1,000.00

Total Liabilities_____________________________ $ 172,092.79

TWENTY-EIGHTH ANNUAL REPORT

113

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF SMYRNA Smyrna, Ga.

As called for by the Superintendent of Banks.

W. P. GRESHAM, President.
Date of Charter: 4-4-1946

W. C. PATTERSON, Cashier.
Began Business: 8-5-1946

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed __________

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts) .......................................

Bank premises owned, furniture and

fixtures -------------- -----------------------------Real estate owned other than bank

premises ---------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets . -----------------------------------

Total Assets......-------------------------- $

213,351.76 15,321.69 5,000.00 None None
215,256.90 19,950.76 None
None None 1,556.25 470,437.36

Demand deposits___L__I_A___B___I_L___I_T___I_E___S_______ $
Time deposits-----~--------------------------------- Deposits of U. S. Government.......... Deposi!. _of States and political
DespuobdstivtslSIoOfDbSank---s-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_
Other deposits (certified and offiBicllesrsp'aychabeclek.s..,...e.t_c__._)_-_-_-__-_-_-_-_-_-__-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-_
Acceptances executed by or for account of this bank and outstanding ........................................................
Other liabilities---------------------------------Capital ------------------------------------------------USunrdpivluids ed p-r-o--f--i-t-s--_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves ..................................................

277,889.11 77,337.40 None
21,745.35 10,971.70
6,507.84 None
None None 55,000.00 15,000.00 5,986.46 None

Total Liabilities_____________________________ $ 470,437.36

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed .-------Obliga!i~n.s of States and political
SUbdtVlSlODS _ ----------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (inc Iu ding
overGrafts) -----------------------Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding..................
Other assets---------------------------------
Total Assets __________________________ $

342,900.91 232,000.00
4,000.00 7,000.00
None 167,898.02
2.00 None
None None 37,571.24 791,372.17

LIABILITIES Demand deposits....__________________________ $ Time deposits ______________________________________ Deposits of U. S. Government _________ Deposi!. _of States and political Despuobsdittvstsotfonbsan-k--s-_-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-
Other deposits (certified and offiBilclesrps'aycahbelcek_s__,___e__t_c_._)_-__-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-_-__-_--
Acceptances executed by or for account of this bank and outstand-
ing-Other liabilities...................................... Capital --------------------------------------------SUunrdpilvuisde-d-----p--r-o--f--i-t-s--.-.-._-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves -------------------------------------

713,405.52 16,555.45
1,653.92
6,659.42 None
3,080.40 None
None None 25,000.00 25,000.00 17.46 None

Total Liabilities_______________________ $ 791,372.17

114

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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: 1903

ASSETS Cash~ balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed---~---
Obligations of States and political

subdivisions ___

-----

Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts) ......

-----

Bank premises owned, furniture and fixtures ___________________ _------------------------

Real estate owned other than bank

premises .. -------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate........................

Customers' liability to this bank on

acceptances outstanding..................

Other assets...-----------------------------------------

243,514.39 804,933.91
None None None 316,467.31 12,158.50 None
None None 329.98

Total Assets~--------------------------------$ 1,377,404.09

LIABILITIES Demand deposits.................._________________ $ Time deposits ________________________________________

Deposits of U. S. Government~-------- Deposi)os..of States and political
SubdiVlSlOllS -------------------------------Deposits of banks ........... --------------------Other deposits (certified and offi-
cers' checks, etc.) Bills payable~---------------~-------------------------- Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities_________________________________

Capital ____________

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

SUunrdpilvuids e-d---p--r-o---f-i-t-s--_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-

Reserves ------------------------------------------------

1,077,476.06 172,120.89 13,366.50
24,403.63 None
4,815.00 None
None 4.010.40 50,00Q.OO 25.000.00 2,205.14 4,006.47

Total Liabilities............_______________ $ 1,377,404.09

STATEMENT

Showing condition at the close of business December 31, 1947, of BANK OF HANCOCK COUNTY Sparta, 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: 9:5-1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 303,696.65

United States Government obligations, direct and guaranteed

386,000.00

Obliga!i'?n.s of States and political subdiVISions -----------------
Other bonds, notes, and debentures

None 30,000.00

Corporate stocks (including stock of

Federal Reserve Bank) .

None

Loans and discounts (including

overdrafts) --------------------------------------

Bank premises owned, furniture and

fixtures ------~-

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

244,877.32 2,850.00

Real estate owned other than bank

premises --------------------------------------------Investments and other assets indi-

None

rectly representing bank premises

or other real estate........................

None

Customers' liability to this bank on

acceptances outstanding..................

None

Other assets....--------------------------- - - -No-ne
Total Assets _________________________________ $ 967,423.97

Demand deposits___L__I_A___B__I_L___I_T__I__E__S______ $
Time deposits---------------------------------~---Deposits of U. S. Government .......... Deposi~s. _of States and political
subdiVISIOnS -----------------------------------Deposits of banks ------------------------------Other deposits (certified and offi-
Bill~r~a~~bi:s,~et~:2:::::_:::::_-_-~-_::::::::~
Acceptances executed by or for account of this bank and outstand-
ingOther liabilities......................................
Cap ita! -------------------------------------------Surplus --------------------------------------Undivided profits-----------------------------Reserves --------------------------------------

647,108.14 94,449.25 14,951.08
157,966.30 None
5,437.86 None
None None 25,000.00 10,000.00 10,511.34 2,000.00

Total Liabilities~----------------------- $ 967,423.97

TWENTY-EIIGHTH ANNUAL REPORT

115

STATEMENT Showing condition at the close of business December 31, 1947, of
THE EXCHANGE BANK OF SPRINGFIELD Springfield, Ga.

As called for by the Superintendent of Banks.

B. L. RAHN, President.
Date of Charter 12-30-1907

J. M. MARCHMAN, Cashier.
Began Business: 1-1-1908

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection~~~~-~~- $

United States Government obliga-

tions, direct and guaranteed~~--~~---

Obligations of States and political

subdivisions -~~~~~~~-~~-~~~~~~~~~~~~

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)~~------

Loans and discounts (including

overdrafts) -~~~-~~~-~--~~~~-~~-----~-~-----~~~~~--

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank premises _______________ _______________

Investments and other assets indirectly representing bank premises or other real estate__________________________
.Customers' liability to thio bank on acceptances outstanding..................
Other assets~~--------------------~--------------

290,955.62 478,000.00
42,500.00 None None
448,145.53 1,500.00 None
None None None

Total Assets~~~-~-~-~~---~------~----~--~---~-- $ 1,261,101.15

LIABILITIES
~i~ea':J~~o~lfsosi~~-:::=:::::::::::::::::=:::=:::: $
Deposits of U. S. Government _________
Deposi?'. _of States and political
subdiVlSlODS --------------------------------------
Deposits of banks~~-----~~~~~~~----~~~--~------~~ Other deposits (certified and offi-
cers' checks, etc.)----------------------------Bills payable~~-------~--~~--~~~----~~----~--~----~-~~- Acceptances executed by or for
account of this bank and outstanding ------------------------------------------Other liabilities~~~---~------~~------~--~~~--~-----Capital ---~---~~~--~-------~~-~--------~~---~~--------~- Surplus ~~~-----~--~~-------~~-------~---~~--~------~-----Undivided profits~~~--~--~---~~------~~~--~--~----Reserves ---------------------------------------------

801,090.10 346,038.58
None
60,472.47 None
None None
None None 15,000.00 26,000.00 10,000.00 2,500.00

Total Liabilities~~------------------~-~----~ $ 1,261,101.15

STATEMENT Showing condition at the close of business December 31, 1947, of
BANK OF STAPLETON Stapleton, Ga.

As called for by the Superintendent of Banks.

J. C. KILGORE, President.
Date of Charter: 3-20-1916

J. C. KILGORE, Cashier.
Began Business: 1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection~~~---- $ 250,140.03

United States Government obligations, direct and guaranteed __________

317,000.00

Obliga!i~n.s of States and political

subdtvtstons ---------------- ------------ Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

Federal Reserve Bank)-~~~--~--~----~--

None

Loans and discounts (including

overdrafts) ~-~---~------~---~-~--~--~----------~~

93,714.86

Bank premises owned, furniture and

fixtures ----------------------------------------------

2,800.00

Real estate owned other than bank

premises -----------------------------------------

575.00

Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

None

Customers' liability to this bank on

acceptances outstanding..................

None

- - - - - Other assets~~~-------~--------------------

None

Total Asset~~~--~-~~--~~--~---~---~----~----- $ 664,229.89

LIABILITIES Demand deposits~---------~----~--------- $ Time deposits --~----~----~----------~------- Deposits of U. S. Government~~-----~-~ Deposi~s. .of States and political
SUbdiVISIOnS ---------------------------------Deposits of bank~~-----~~------------------- Other deposits (certified and offi-
cers' checks, etc.)------------------------Bills payable~~-----~~-----------~--~--------- Acceptances executed by or for
account of this bank and outstanding ~~~~--~~----------~---------------- Other liabilities~------~--------------~~------ Capita! -~-~--~-------~---~------~---------------Surplus --~-----------~-------------------~~----------Undivided profits-------~------------~------- Reserves -------------------------------------

603,808.45 20,683.92
4,215.00
4,392.27 None
3,288.47 None
None None 15,000.00 7,500.00 5,341.78 None

Total Liabilities~---~------~-------~-- $ 664,229.89

116

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection~~---- $ United States Government obligations, direct and guaranteed~~~~~~~- Obliga!i~n.s of States and political
subdiVlSlODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -------~~--------Loans and discounts (including
overdrafts) -------~-------------------~-~-~-~~~ Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises ------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.--~~~~---------- Customers' liability to this bank on acceptances outstanding..................
Other assets-----------------------------
Total Assets___________________________ $

687,158.98 1,660,525.00
43,914.79 None None
777,325.99 15,508.72
None
None None None 3,184,433.48

LIABILITIES Demand deposits---------~---------------- $ Time deposits~------------~--------------- Deposits of U. S. Government~------- Deposi!"__of States and political
SUhdiVISlODS ----------------------------
Deposits of banks~~------------------~-~- Other deposits (certified and offi-
cers' checks, etc.)------------------Biiis payable----------~-----------------~-- Acceptances executed by or for
account of this bank and outstanding ~-~---------------------------------Other liabilities.........____~-----------------Capital ----------------------------------------SUunrdpilvuisde-d--p--r-o-f-i-t-s-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-
Reserves --------------------------------------

2,549,074.66 166,024.27 57,827.22
200,423.26 7,264.44
10,060.51 None
None None 50,000.00 50,000.00 53,769.13 40,000.00

Total Liabilities~-------------------$ 3,184,433.48

STATEMENT

Showing condition at the close of business December 31, 1947, of

SEA ISLAND BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

C. P. OLLIFF, President.
Date of Charter: 3-11-1901

KERMIT R. CARR,
Cashier. Began Business: 1901

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations. direct and guaranteed __________ Obliga!i~n.s of States and political
SUbdtVISIODS ------------------------------------
Qther bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)--------~~------- Loans and discounts (including
overdrafts) ------------~~-~----------~~------ Bank premises owned, furniture and
fixtures ------------------------------------------Real estate owned other than bank
Premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate~-----------~--------- Customers' liability to this bank on acceptances outstanding.................. Other assets~~----~--------------------------
Total Assets_________________________ $

2,130,033.03 1,475,284.00
7,500.00 None None
801,162.86 13,028.25 None
None None 19,476.99 4,446,485.13

LIABILITIES Demand deposits~~-----------------~------- $ Time deposits~~-~-----------------------Deposits of U. S. Government...._____
Deposi!"..of States and political
subdtVJSlODS ------------------------
Deposits of banks~~------------------------~ Other deposits (certified and offi-
cers' checks, etc.)-------------------Bills payable~~~---------------~------------- Acceptances executed by or for
account of this bank and outstanding ---------------------------------Other liabi!ities~~----------------------------Capital -----------------------------------Surplus ----------------------------------------Undivided profits~--------------------------Reserves ..................................................

3,810,530.02 228,414.92 21,800.00
219,330.87 None
14,413.93 None
None 1,776.00 60,000.00 50,000.00 50,219.39
None

Total Liabilities~~~---------------- $ 4,446,485.13

TWENTY-EIGHTH ANNUAL REPORT

117

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK Summerville, Ga.

As called for by the Superintendent of Banks.

D. L. McWHORTER, President.
Date of Charter: 2-5-1926

H. D. BROWN, Vice-President. Began Business: 2-6-1926

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection._______ $ United States Government obligations~ direct and guaranteed..-------Obljga!i'?n.s of States and political
SUbdtVISIODS ------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)- Loans and discounts (including
overdrafts) - Bank premises owned, furniture and
fixtures ------- Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding..................
Other assets--------------
Total Assets.____________________________ $

1,419,006.26 1,936,818.66
180,330.49 None None
983,444.74 9,000.00 None
None None 160.47 4,528,760.62

Demand deposits__L___I_A__B___I_L__I_T__I__E__S______ $
Time deposits..........------- Deposits of U. S. Government.......... Deposi!>J..of States and political
SUbdtVlSIODS -------------------------------
Deposits of banks....--------------- Other deposits (certified and offiBicllesrs'pacyhaebclkes..,.___e_t_c_._)_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_--_
Acceptances executed by or for account of this bank and outstanding-----------------
Other liabilities...................................... Capital ....-------------------------- Surplus ------------------ Undivided profits.....---------- Reserves ------~--~-----------------~----------~------

3,516,608,57 569,732.20 44,244.67
222,397.64 None
14,808.44 None
None None 50,000.00 50,000.0() 25,969.10 35,000.00

Total Liabilities------ $ 4,528,760.62

STATEMENT

Showing condition at the close of business December 31, 1947, of

DURDEN BANKING COMPANY, INC. Summit, Ga.

As called for by the Superintendent of Banks.

B. LEWIS BRINSON, President.
Date of Charter: 6-26-1935

R. W. DURDIN, Cashier.
Began Business: 7-5-1935

ASSETS

-Gash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ------- $ 131,347.26

United States Government obligations. direct and guaranteed _________

471,000.00

Obliga!i'?n." of States and political

SUbdlVISIODS ---------------- -------------------Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

Federal Reserve Bank) ..................

None

Loans and discounts (including

overdrafts) --- Bank premises owned, furniture and

103,615.34

fixtures -----------------------~-----------~-----------

2.00

Real estate owned other than bank

premises -----------------~--------------------------

None

Investments and other assets indi...

rectly representing bank premises

or other real estate.---Customers' liability to this bank on
acceptances outstanding..................

None None

- - - - Other assets....-----------------

None

Total Assets...---- $ 705,964.60

LIABILITIES TDiemmeanddepdoespitoss._i_t_s__._._._._-_-_-____-_____-__-_-_-__-_-__-__-_-__-__-_ $
Deposits of U. S. Government........ Deposi!>J. .of States and political
SUbdiVlSIOnS --------------------------------Deposits of banks....--------- Other deposits (certified and offi-
cers' checks, etc.)-----------~-------- Bills payable...------ Acceptances executed by or for
account of this bank and outstanding ---------------------~~------------- Other liabilities....--------------------
Capital ------------------------Surplus ------- Undivided profits....---- Reserves ..................................................

629,872.91 23,150.13 None
4,812.83 None
1,984.38 None
None 2,000.00 25,000.00 5,000.00 14,144.35
None

Total Liabilities.---------- $ 705,964.60

118

DEPARTMENT OF BANKING

STATE!\'IENT

Showing condition at the close of business December 31, 1947, of

THE CENTRAL BANK

Swainsboro, Ga.

As called for by the Superintendent of Banks.

R. A. FLANDERS, President.
Date of Charter: 10-27-1920

W. W. FLANDERS, Cashier.
Began Business: 11-9-1920

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _____ $

United States Government obligations, direct and guaranteed __________

Obliga!i"!n.s of States and political

SUbdlVlSlODB --------------- ----------------------
Other bonds, notes, and debentures
Corporate stocks (including stock of

Federal Reserve Bank) -----------------Loans and discounts (including

overdrafts) --------

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

Bank premises owned, furniture and

fixtures

- ---

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate ____ - -----------Customers' liability to this bank on
acceptances outstanding..................

Other assets ---------------------------------------

Total Assets __________________________________ $

407,105.40 655,300.00
10,000.00 None None
487,207.94 5,001.00 None
None None None 1,564,614.34

Demand

LIABILITIES deposits ___________________________________

$

Time deposits ---------------------------------------Deposits of U. S. Government _________ Deposi~s. ?f Staates and political D espubodsliVt slSoIOf llbSa n--k---s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Other deposits (certified and offiBicllesrs'pacyhaebckles_,___e__t_c_._)_-__-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-_-_-__-_-

Acceptances executed by or for account of this bank and outstanding -------------------------------------------
Other liabilities......................................
Capital -------------------------------------------------SUunrdpivIuids e-d---p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Reserves ----------------------------------------------

1,108,414.87 231,236.75 None
97,432.40 31,160.67
1,663.58 None
None None 25,000.00 60,000.00 9,526.07 180.00

Total Liabilities___________________________ $ 1,564,614.34

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE CITIZENS BANK OF SWAINSBORO Swainsboro, Ga.

As called for by the Superintendent of Banks.

J. R. COLEMAN,
President. Date of Charter: 11-10-1900

J. R. DEKLE, Cashier.
Began Business: 1900

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection_______ $
United States Government obligations~ direct and guaranteed ---------
Obliga!i"!n.s of States and political
SUbd!VlSlOnS ------------ Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)---------Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding..................
Other assets----------------------------------

864,925.15 1,314,000.00
None None None 580,961.02 2,390.00 12,500.00
None None None

Total Assets ....-------------------------------- $ 2,774,776.17

LIABILITIES Demand deposits_ ---------------------------------- $ Time deposits -------------------------------------Deposits of U. S. Government__________ Deposi~s. .of States and political
subdlVlSlODS ------------------------------Deposits of banks -------------------------------Other deposits (certified and offiBilclesrps'aycahbelcek_s__,___e_t_c__._)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-
Acceptances executed by or for account of this bank and outstanding __ ---------------------------------------
Other liabilities...................................... Capital ----------------------------------------------USunrdpivluidsed----p--r-o--f--i-t-s--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves ------------------------------------------------

2,074,642.70 403,771.08 2,409.14
35,863.29 None
94,943.95 None
None None 25,000.00 125,000.00 None 13,146.01

Total Liabilities__________________________ $ 2, 774,776.17

TW1ENTY-EIGHTH ANNUAL REPORT

119

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF SCREVEN COUNTY Sylvania, Ga.

As called for by the Superintendent of Banks.

JOHN A. MILLS, JR., President.
Date of Charter: 4-10-1911

W. B. LOVETT, JR., Cashier.
Began Business: 2-28-1930

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed__________
Obliga!i<?ll;S of States and political
subdiVISlODS -------------------- - ----------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi..
rectiy representing bank premises or other real estate._________________________
Customers' liability to this bank on Otahcecrepatsasnectse_s___o_u__t_s_t_a__n_d__i_n_g__._.._._.._._.._._.._._.._._..

967,811.16 1,114,804.84
292,809.93 None None
660,661.71 None None
None None None

Tots! A,_ssets ------------------------------- $ 3,026,087.63

Demand deposits___L___I_A___B___I__L___I_T___I_E___S________ $ Time deposits __________________________________________
Deposits of U. S. Government _________ Deposits of States and political
subdivisions ---------------------------------------Deposits of banks...... -------------------------Other deposits (certified and offiBilclesrps'aycahbelcek.s__,___e__tc__._)_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_--
Acceptances executed by or for account of this bank and outstanding -------------------------------------------
Other liabilities......................................
Capital ---------------------------------------------------SUunrdpilvuids ed prof-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Reserves ----------------------

2,274,320.31\ 338,860.81 20,960.66
196,011.42 None
4,758.87 None
None None 50,000.00 100,000.00 41,175.63 None

Total Liabilities ---------------------------- $ 3,026,087.63

STATEMENT

Showing condition at the close of business December 31, 1947, of

FARMERS & MERCHANTS BANK Sylvania, Ga.

As called for by the Superintendent of Banks.

W. G. SHARPE, President.
Date of Charter: 2-18-1946

E. E. TRAPNELL, Cashier.
Began Business: 3-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed __________ Obliga~i~n_s of States and political
SUbdlVlSIOllS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding..................
Other assets________________________________________
Total Assets_________________________________ $

326,633.57 202,302.68
None None None 245,879.34 5,000.00 None
None None 3,000.0(} 782,816.69

LIABILITIES TDiemmeanddepdoespiotssit_s___-_-_-_-_-_----------------------------- $ Deposits of U. S. Government. _________ Deposits of States and political D espuobsdiitvs i soifo nbsa n--k--s--_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offiBilclesrps'aycahbelcek_s__,___e__t__c__._)__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and outstanding -------------------------------------------
Other liabilities...................................... Capital ------------------------------------------------SUunrdpilvuisde-d---p--r--o--f--i-t-s--_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-
Reserves ---------------------------------------------------

621,786.82 64,504.08 None
14,673.25 None
1,274.22 None
None None 50,000.00 10,000.00 6,577.22 16,000.00

Total Liabilities____________________________ $ 782,815.69

120

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of 'business December 31, 1947, of

BANK OF WORTH COUNTY Sylvester, Ga.

As called for by the Superintendent of Banks.

J.M.SUT'l\ON President.
Date of Charter: 4-28-1945

PAULK REEVES, Cashier.
Began Business: 11-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed--------Obliga~i<?n.s of States and political subdtvtswns -------------------------~--------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) Loans and discounts (including overdrafts) ---------------------Bank premises owned, furniture and fixtures ----------------------------------------------Real estate owned other than bank premises ------------------------------------------Investments and other assets indirectly representing bank premises or other real estate__________________________ Customers' liability to this bank on acceptances outstanding__________________
Other assets---------------------------------------
Total Assets _________________________________ $

296,769.58 274,895.50
None None None 237,039.23 22,500.00 None
None None 1,006.46 832,210.77

Demand deposits ___L__I__A___B___I_L___I_T___I_E___S_______ $
Time deposits ___ --------------------------------Deposits of U. S. Government_________ Deposi~. .of States and political
subdtVISlODS --------------------------------
Deposits of banks ---------------------------- Other deposits (certified and offi-
cers' checks, etc.)------------------------~ Bills payable-~--------------------------------- Acceptances executed by or for
account of this bank and out-
Otshtearndliinagbil-i-t--i-e-s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-
Capital --------------------------------------------Surplus --~- - --------------~-----------------..-Undivided profits ________-----------------Reserves -----------------------------------------------

609,961.42 125,136.25
None
24,819.42 None
3,026.70 None
None 601.88 50,000.00 10,000.00 6,000.00 2,665.10

Total Liabilities_________________________ $ 832,210.77

STATEMENT

Showing condition at the close of business December 31, 1947, of

SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks.

J. H. WESTBERRY, SR., President.
Date of Charter: 7-5-1898

T. M. PURDOM, Cashier.
Began Business: 7-1898

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed _________ Obliga~i~n~ of States and political
SUbdlVlSIOTIS -----------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) --~~------~-- Loans and discounts (including
overdrafts l -----------------------------------Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on
oth~~ep::s~~~--~~-~~~~-~~~-~-~=~~~~=~~::==

1,514,477.02 538,000.00 None None None 344,149.32 6,945.00 None
None None None

Total Assets __...____________________________ $ 2,403,571.34

Demand deposits ___L__I_A___B___I_L___I_T__I__E__S_______ $ Time deposits _______________________________________
Deposits of U. S. Government_________ Deposi~. .of States and political
subdivisions ------------------------------Deposits of bank--------------------------Other deposits (certified and offiBicllesrspaycahbelcek__s_.___e__t_c__.)__-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_---
Acceptances executed by or for account of this bank and outstanding ---------------------------------------
Other liabilities...................................... Capital ------~------------------------------------SUunrdpilvuisde-d----p--r--o-f-i-t-s-_-_~_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-.-.
Reserves ---------------------------------------------

1,990,291.63 149,635.90 2,695.57
120,929.49 1,593.68
9,680.06 None
None None 50,000.00 50,000.00 17,000.00 11,745.01

Total Liabilities______..____..____..____ $ 2,403,571.34

TWrENTY-EIIGHTH ANNUAL REPORT

121

STATEMENT

Showing wndition at the close of business December 31, 1947, of

THE PEOPLES BANK OF TALBOTTON

Talbotton, Ga.

As called for by the Superintendent of Banks.

A. P. PERSONS, President.
Date of Charter: 12-9-1890

FANNIE MAHONE,
Cashier. Began Business: 1-13-1891

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed_________
Obliga!i'?n.s of States and political
SUbdiVlSlODS ----------------------~------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) ----------------------------------------Bank premises owned, furniture and
fixtures ---------------------------~------------ Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_____ ------------------Customers' liability to this bank on acceptances outstanding_________________
Other assets---------------------------------

176,111.08 461,750.00
5,000.00 None None
84,002.28 2,407.00 1.00
None None None

Total Assets---------------------------------$--7-29-,-27-1-.3-6

LIABILITIES Demand deposits_________________________________ $ Time deposits______________________________ Deposits of U. S. Government__________ Deposi!". .of States and political DeSpUobsdiitVsISoIOf DbSank--s--_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c_._)_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_--
Acceptances executed by or for account of this bank and out-
Otshtaerndliinagbil-i-t--i-e-s--_-_-__-_-_-_-_-__-_-_-_-_-__-_-_-_-_-__-_-_-_-_-__-_-_-_-_-_-__-_-_-_
Capital ------------------------------------------SUunrdpilvuisde-d---p--r-o--f-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_ Reserves ..................................................

662,741.34 3,391.26 None
None None
256.00 None
None None 25,000.00 15,000.00 22,882.76 None

Total Liabilities -------------------------- $ 729,271.36

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF TAYLORSVILLE Taylorsville, Ga.

As called for by the Superintendent of Banks.

E. 0. DAVIS,
President. Date of Charter: 6-6-1905

W. M. DORSEY,
Cashier. Began Business: 6-13-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed.......... Obliga!i'?n.s of States and political
subdJVJSlOnS .....................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures -------------------------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding_______________
Other assets_______________________________________
Total Assets______________________________ $

131,763.16 369,498.01
None None None 95,289.24 1,300.00 None
None None 210.00 598,060.41

LIABILITIES Demand deposits _________________________________ $
Time deposits ---------------------------------------Deposits of U. S. Government _________
Deposi!". _of States and political
DespubodsJiVtsJSoIOf DbSan--k-s--_-_-_-_-_-_-_____-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek.s__,___e_t_c__.)_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_---
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-
Capital ------------------------------------------------SUunrdpilvuids e-d-----p--r-o--f-i--t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves _--------------------------------------------

488,552.02 35,452.83 7,317.02
15,009.80 None
1,534.25 None
None None 25,000.00 20,000.00 5,194.49 None

Total Liabilities.________________________ $ 598,060.41

122

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF TEMPLE Temple, Ga.

As called for by the Superintendent of Banks.

G. M. BURNS, President.
Date of Charter: 11-25-1946

N. R. HENDERSON, Cashier.
Began Business: 7-1-1947

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $ United States Government obliga tions, direct and guaranteed _________ Obligations of States and political subdivisions ___ ------ Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) __ Loans and discounts (including overdrafts) ------------ -------------------------Bank premises owned, furniture and fixtures ------------------------------- ------- . Real estate owned other than bank premises ---------------------------------------------Investments and other assets indirectly representing bank premises or other real estate________________
Customers' liability to this bank on acceptances outstanding________________
Other assets_________________ -----------------
Total Assets__________________ ----------------- $

63,119.66 182,661.71
None None None 25,279.65 1,536.51 None
None None 642.69 273,240.22

LIABILITIES Demand deposits_____________________________ ----- $
Time deposits ------------------------------------Deposits of U. S. Government _________ Deposits of States and political D espuobsdiitvs i soifo nbsa n k s ___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_____ _
Other deposits (certified and offiBicllesrps'aychabeclek_s__,__e__t_c_._)_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_
Capital ---------------------------------------------------SUunrdpilvuids e-d-----p--r-o--f--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_------
Reserves ----------------------------------------------

243,215.62 None None
None None
None None
None 24.60 25,000.00 5,000.00 None None

Total Liabilities_________________________ $ 273,240.22

STATEMENT

Showing condition at the close of business December 31, 1947, of

TENNILLE BANKING CO. Tennille, Ga.

As called for by the Superintendent of Banks.

W. B. SMITH, President.
Date of Charter: 4-4-1900

CHARLES V. SMITH, Cashier.
Began Business: 4-1900

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of collection _______ $

United States Government obliga. tions, direct and guaranteed_________

Obligations of States and political

subdivisions --------------------

_____

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)-----------------Loans and discounts (including

overdrafts) ---------------------------------------Bank premises owned, furniture and

fixtures -----------------------------------------------Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding_______________

Other assets--------------------------------

Total Assets __________________________________ $

489,899.01 132,500.00
17,000.00 None None
1,027,889.95 765.70 21.87
None None None 1,668,076.53

Demand deposits ___L___I__A___B___I__L__I__T___I__E___S________ $
Time deposits _________ ------------------------------Deposits of U. S. Government __ _ Deposits of States and political
subdivisions --------------------------------------Deposits of banks------------------------------Other deposits (certified and offi-
cers' checks. etc.)-----------~---------------Bills payable________________ -------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_
Capital ---------------------------------------------------SUunrdpilvuids ed prof--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_
Reserves ------------------------------------------------

1,367,519.02 122,351.20 925.27
16,391.60 None
2,252.05 None
None None 30,000.00 100,000.00 28,637.39 None

Total Liabilities______________________________ $ 1,668,076.53

TWENTY-EIGHTH ANNUAL REPORT

123

STATEMENT

Showing condition at the close of business December 31, 1947, of

CITIZENS & SOUTHERN BANK OF THOMASTON Thomaston, Ga.

As called for by the Superintendent of Banks.

C. B. JENKINS, JR.,
President. Date of Charter: 1-18-1926

WALTER B. ATWATER,
Cashier. Began Business: 2-28-1930

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga-
tions, direct and guaranteed __ Obliga~i'?n.s of States and political

subdtvtswns ------------------ ___ --------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) __ _

Loans and discounts (including

overdrafts) ----------------

Bank premises owned, furniture and

fixtures ----------------------------- ________ _

Real estate owned other than bank

premises _________

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

Investments and other assets indi-

rectly representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding___

Other assets -------------------------------------------

1,036,600.10 4,415,570.49
381,480.42 None None
1,524,387. 75 16,796.16 None
None None 19,174.16

Total Assets ____________________________________ $ 7,394,009.08

Demand

LIABILITIES d e p o s i t s ____________________________________

$

Time deposits __________________________________________

Deposits of U. S. Government__________ Deposi~s. _of States and political
DeSpUobsdiltVslSolOf nbSan--k---s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Other deposits (certified and offi-

cers' checks, etc.) -----------------------------

Bills payable------------------------------------------Acceptances executed by or for

account of this bank and out-

standing -------------------------------------------Other liabilities_____________ ------------------------

Capital

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

USunrdpilvuids e-d---p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Reserves --------------------------------------------------

5,063,007.23 1,338,492.58
25,295.25
500,766.60 10,000.00
69,850.11 None
None 53,708.34 150,000.00 150,000.00 32,888.97
None

Total Liabilities----------------------------- $ 7,394,009.08

STATEMENT

Showing condition at the close of business December 31, 1947, 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

JOE J. KEYTON,
Cashier. Began Business: 2-15-1937

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $

United States Government obligations, direct and guaranteed __________

Obligations of States and political

subdivisions ----------------------- ------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ---Loans and discounts ( inc Iu ding

overdrafts)

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

Bank premises owned, furniture a:nd

fixtures --------------------------------------------Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate ------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets ------------------------------------------

Total Assets___________________________________ $

1,263,859.22 1,572,180.00
124,000.00 None None
1,482,655.00 52,459.08 None
None None 9,958.71 4,505,112.01

LIABILITIES Demand deposits ____________________________________ $ Time deposits________________________________________
Deposits of U. S. Government __________ Deposi!s. _of States and political DeSpUobsdiitVsISoIOf nbSank---s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Other deposits (certified and officers' checks, etc.)------------------------------
Bills payable------------------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_
Capital --------------------------------------------------SUunrdpilvuids e-d---p--r--o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_
Reserves -------------------------------------------------

2,697,844.19 496,300.11 40,782.59
764,585.36 205,423.29
99,720.95 None
None 3,872.98 100,000.00 75,000.00 18,082.54 3,500.00

Total Liabilities_____________________________ $ 4,505,112.01

124

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

COMMERCIAL BANK Thomasville, Ga.

As called for by the Superintendent of Banks.

J. TRUMAN HOLLAND, President.
Date of Charter: 7-3-1916

W. B. BULLOCH, Cashier.
Began Business: 7-22-1916

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed _______

Obliga~i~n.s of States and political

subdtVlSIOTIS

- -----. ----

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank)

Loans and discounts ( inc 1u ding

overdrafts)

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

Bank premises owned, furniture and

fixtures __________ ------------------- ---------

Real estate owned other than bank

premises -------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate ____ -------------------Customers' liability to this bank on

acceptances outstanding----------------Other assets__ __-----------------------------------

1,349,807.66 1,920, 731.76
130,678.48 1,000.00 None
2,062,370.03 46,100.00 None
None None 2,259.91

Total Assets __________________________________ $ 5,612,947.84

Demand deposits ___L___I_A____B___I_L___I__T__I__E___S________ $

Time deposits ----------------------------------Deposits of U. S. Government ______ Deposi~s. _of States and political

SUbdiVISIOTIS ________ ----------------------------

Deposits of banks _

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable_

-----

Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgilities _____________-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-___________

Capital ----------------------------------------------------SUunrdpilvuids e-d---p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Reserves ----- -------------------------------------------

3,806,746.00 935,387.04 30,692.71
289,619.28 139,404.45
58,051.72 None
None None 100,000.00 100,000.00 41,046.64 12,000.00

Total Liabilities-----------------------------$ 6,512,947.84

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF THOMSON Thomson, Ga.

As called for by the Superintendent of Banks.

E. C. HAWES, President.
Date of Charter: 7-30-1891

W. E. HUNT,
Cashier. Began Business: 1891

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed --------
Obliga~i~n.s of States and political

SubdiVlSIOTIS ----- -----

------

Other bonds, note8, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) -------------------

Loans and discounts ( inc 1u ding

overdrafts) --------------------------

---

Bank premises owned. furniture and

fixtures

____ ------------------------------

Real estate owned other than bank

premises ---------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate ------------------------Customers~ liability to this bank on
acceptances outstanding__________________

Other assets

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

Total Assets __________________________________ $

427,306.69 1,314,920.30
26,588.78 2,516.50 2,485.25
245,406.87 10,873.31 353.00
None None 8,655.43 2,039,106.13

LIABILITIES
Demand deposits ------------------------------- $ Time deposits ---------------------------------------Deposits of U. S. Government Deposi~s. .of States and political
subdlVlSlOnS --------------------------------------Deposits of banks ----------------------------Other deposits (certified and offi-

cers' checks. etc.)----------------------------

Bills payable----------------

________ _

Acceptances executed by or for

account of this bank and out-

standing ------------------------------------------Other liabilities ..---------------------------------Capital __________ -------------------------------Surp Ius ________ ----------------------------------------Undivided profits____________________________________

Reserves

1, 739,529.57 100,843.56 10,074.68
36,469.51 None
2,524.80 None
None 4,000.00 50,000.00 50,000.00 30,000.00 15,664.01

Total Liabilities__________________________ $ 2,039,106.13

TWENTY-EFGHTH ANNUAL REPORT

125

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF TIFTON

Tifton, Ga.

As called for by the Superintendent of Banks.

L. E. BOWEN, President.
Date of Charter: 10-10-1891

B. P. FRANKLIN,
Cashier. Began Business: 1896

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed_________
Obligations of States and political
subdivisions ----------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)__ Loans and discounts (inc I u ding
overdrafts) --------------------------- -----------Bank premises owned, furniture and
fixtures _________ ------------------------- _________
Investments and other assets indi... Real estate owned other than bank
premises ___________ --------------------------------rectly representing bank premises
or other real estate__ ------------------------Customers' liability to this bank on
acceptances outstanding_________________ Other assets______________________________

1,689,104.44 3,728,651.95
120,629.31 None None
1,571,015.55 18,963.35
None None None None

Total Assets ________________________________ $ 7,128,264.60

LIABILITIES Demand deposits_----------------------------$ Time deposits-------------------------------------Deposits of U. S. Government__________ Deposi~s. _of States and political
subdiVlSlODS ---------------------------------
Deposits of banks ------------------------------Other deposits (certified and offiBicllesrps'aycahbecleks__,___e__t_c_._)_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__--_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------------Surplus ------------------------------------------------Undivided profits_____ ---------------------------Reserves -------------------------------------------------

4,432,451.94 1,607,430.87
91,727.04
106,586.37 606,967.79
22,423.73 None
None None 100,000.00 200,000.00 134,862.76 26,826.10

Total Liabilities__________________________ $ 7,128,264.60

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

J. E. NEWTON, President.
Date of Charter: 12-21-1936

JOHN H. DAVIS, Cashier.
Began Business: 2-24-1937

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions --------------------Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

___

Loans and discounts ( inc Iu ding

overdrafts)

___ _________

Bank premises owned, furniture and

fixtures

__ ___

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises or other real estate __ _______________

Customers' liability to this bank on

acceptances outstanding ----------------Other assets_____________________________________

793,523.44 512,239.86
27,918.00 None None
1,033,631.70 12,386.62 None
None None None

Total Assets ----------------------------------- $ 2,379,699.62

LIABILITIES Demand deposits _________________________________ $

Time deposits ---------------------

Deposits of U. S. Government

Deposits of States and political

subdivisions --------------------------------

Deposits of banks --------------------------------

Other deposits (certified and offi-

cers' checks, etc.)----------------------------

Bills payable

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

Acceptances executed by or for

account of this bank and out-

standing ______

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

Other liabilities ---------------------

Capital

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

Surplus ________ ----------------------------------

Undivided profits----------------------------------

Reserves ------------------------------------------------

1,419,008.38 627,538.63 6,420.66
156,606.94 4,456.80
6,649.88 None
None None 50,000.00 60,000.00 37,612.36 21,407.07

Total Liabilities ---------------------------- $ 2,379,699.62

126

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE BANK OF TIGNALL Tignall, Ga.

As called for by the Superintendent of Banks.

L. L. BLACKMON, President.
Date of Charter: 7-5-1909

L. D. WARE, Cashier.
Began Business: 8-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed __________
Ob!iga~i~n.s of States and political
SubdlVlSlODS ....................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ____ Loans and discounts (including
overdrafts) ----------------------Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises -----------

____ _

Investments and other assets indi-

rectly representing bank premises

or other real estate.. ----------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets.-----------------------------------------

Total Assets ______ ----------------------------- $

189,681.96 274,421.25
None None None 38,806.27
.50 None
None None None 502,909.98

LIABILITIES

Demand deposits ----------------------------- $

Time deposits__

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

Deposits of U. S. Government _________

Deposits of States and political

subdivisions ---------------------------------Deposits of banks _______ --------------------------

Other deposits (certified and offi-

cers' checks, etc.)__ -------------------------

Bills payable ___

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

Acceptances executed by or for

account of this bank and out-

standing ____ -----------------------------------------

Other liabilities ------------------------Capital ______________ -----------------------------------

Surplus __________________ --------------------------------Undivided profits________________

Reserves ----------------------- --------------------------

443,044.47 None
1,237.50
24,774.01 None
4.00 None
None None 25,000.00 5,000.00 3,850.00 None

Total Liabilities

------------$ 502,909.98

STATEMENT

Showing condition at the close of business December 31, 1947, 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

H. J. BUSHA, JR., Cashier.
Began Business: 9-1-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _________ $

United States Government obligations, direct and guaranteed_________

Obliga~i~n.s of States and political

subdlVlSlOnS ---- ________ -------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank)__________ ____

Loans and discounts (including

overdrafts) ---------------------------------------Bank premises owned, furniture and

fixtures ------------------------------------------------

Real estate owned other than bank

premises ---------------------------------------------Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on

acceptances outstanding

Other assets________

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

715,653.96 1,478,000.00
8,775.00 None None
968,553.66 6,272.00 None
None None 7,539.08

Total Assets

--------$ 3,184,793.70

LIABILITIES
Demand deposits ----------------------------------Time deposits _____ ----------------------------------Deposits of U. S. Government Deposi!"'. _of States and political
SU bd1 VISIOnS ---------------------------------------Deposits of banks ____________ -------------------Other deposits (certified and offi-
cers' checks, etc.) ----------------------------Bills payable ----------------------------------------Acceptances executed by or for
account of this bank and out-
standing ------------------------------------Other liabilities -------------------------------------
Capital -----------------------------------------------------Surplus -------------- ..----------------------------------Undivided profits--------------------------------Reserves -------------------- --------------------------

2, 785,512.75 95,885.34 None
155,631.70 None
None None
None 171.35 50,000.00 50,000.00 47,592.56
None

Total Liabilities__

------~------------- $ 3,184, 793.70

TWENTY-EIGHTH ANNUAL REPORT

127

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection__________ $

United States Government obligations, direct and guaranteed __________

Obliga~i~n.s of States and political subdxviswns .................

Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank) -----------

Loans and discounts (including

overdrafts)

_____________ _

Bank premises owned, furniture and fixtures

Real estate owned other than bank

premises -------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate__

Customers' liability to this bank on acceptances outstanding__________________

Other assets -------------------------------------------

Total Assets ____________________________________ $

137,937.67 327,400.00
None None None 142,283.31 3,138.00 300.00
None None None 611,058.98

LIABILITIES Demand deposits---------------------------------- $ Time deposits ----------------------------------------Deposits of U. S. Government __________ Deposi~. _of States and political DespubodsiiVtsISoIOf nbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offiBilclesrs'pacyheacbklse~____e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-________
Debentures ---------------------------------------------Capital ---------------------------------------------------Surplus ________ -----------------------------------Undivided profits ____________________________________
Reserves --------------------------------------------------

455,888.59 75,502.64 141.73
22,257.86 None
2,599.44 None
None None 4,300.00 15,000.00 10,000.00 18,458.56 6,910.16

Total Liabilities ----------------------------- $ 611,058.98

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF TUCKER Tucker, Ga.

As called for by the Superintendent of Banks.

K. C. COFER, President.
Date of Charter: 10-29-1919

R. H. COFER, Cashier.
Began Business: 12-1919

ASSETS

Cash, balances with other hanks, in-

cluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions~ direct and guaranteed

Obligations of States and political

subdivisions

____ _

Other bonds, notes~ and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts) --..-----------------------------------Bank premises owned~ furniture and

fixtures ------------ ______ ----------- ---------------

Real estate owned other than bank

premises --------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate------------------------Customers' liability to this bank on
acceptances outstanding__________________

Other assets____________________ ----------------------

Total Assets ____ ------------------------------- $

183,827.82 326,000.00
None None None 293,388.64 1,700.00 None
None None 3,730.13 808,646.59

LIABILITIES
Demand deposits ----------------------------------- $ Time deposits _________ ------------------------------Deposits of U. S. Government--------Deposits of States and political D espuobsdiitvs i soifo nbsa n k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_______________ _

Other deposits (certified and offiBilclesrs'pacyhaebclkes_,___e__t__c__._)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for

account of this bank and out-

standing _____

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

Other liabilities_____________ ------------------------

Capital

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

8UunrdpiIvuisd e-d------p--r-o---f-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-______ _

Reserves

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

446,790.54 280,717.74
None
None None
1,803.40 None
None None 25,000.00 35,000.00 3,000.00 16,334.91

Total Liabilities____________________________ $ 808,646.59

128

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed Obliga!i'?n.s of States and political
BUbdtVISlODS ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ____________________
Loans and discounts (including overdrafts) ______ ---------------------------
Bank premises owned, furniture and fixtures ______ ---------------~-----------------------
Real estate owned other than bank premises ------------------------------------------
Investments and other assets indirectly representing bank premises or other real estate.________________________
Customers' liability to this bank on acceptances outstanding_________________
Other assets__________________________________________
Total Assets ----------------------------------- $

463,111.11 100,000.00
None None None 243,411.42 2,200.00 None
None None 14,189.33 822,911.86

Demand deposits ___L___I_A____B___I_L___I__T__I__E___S________ $
Time deposits--~------~--------------Deposits of U. S. Government ______ Deposi~s. _of States and political
subd1vts1ons -------------------------------------Deposits of bank------------------------------- _ Other deposits (certified and offiBicllesrs'pacyhaebclkes_,___e__t_c_._)_-__-_-_-_-__-_-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and outstanding --------------------------------------------
Other liabilities~-----------------------------------Capital ----------------- ---~----------------------------- Surplus ------- ----------------~~------------------------Undivided profits~----- -----------------------Reserves --------------------------------------------------

693,985.93 23,541.83 2,740.25
32,775.21 None
2,443.08 None
None None 25,000.00 25,000.00 15,025.56 2,400.00

Total Liabilities---------------------------- $ 822,911.86

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF UNION POINT Union Point, Ga.

As called for by the Superintendent of Banks.

H. LAMB,
President. Date of Charter: 5-15-1911

W. W. DUNSON,
Cashier. Began Business: 5-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection________ $ 229,524.51

United States Government obliga-

tions, direct and guaranteed __________

24,000.00

Ob!iga~i<?n.s of States and political

subdtVlSlOnS ......................................

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) ------~-----~------

None

Loans and discounts (including

overdrafts) ----------------------------------------

516,021.52

Bank premises owned, furniture and

fixtures ---------------------------------~-----------

2,117.47

Real estate owned other than bank

premises -----------------------------------------

171.44

Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

None

Customers' liability to this bank on

- - - - - acceptances outstanding______________
Other assets______________________________________ Total Assets__________________________________ $

None None
771,834.94

LIABILITIES Demand deposits --------------------------------- $ Time deposits ..__ ---------------------~-----Deposits of U. S. Government _________ Deposi~. _of States and political
subdlVlSlODS ---------------------------Deposits of banks _____ Other deposits (certified and offi-
cers' checks, etc.)--------------------------Bills payable~------ __ ----------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil_i__ti~e--s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------------USunrdpivluids e-d---p---r-o--f--i-t-s--_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_--_-
Reserves -----------------------------------------------

555,235.42 115,087.17
504.31
9,500.00 None
3,066.99 None
None None 25,000.00 35,000.00 27,288.02 1,153.03

Total Liabilities.__________________________ $ 771,834.94

TWENTY-EIGHTH ANNUAL REPORT

129

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE FARMERS BANK Union Point, Ga.

As called for by the Superintendent of Banks.

A. J. STEWART, President.
Date of Charter: 9-6-1911

A. J. STEWART, Cashier.
Began Business: 9-6-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions _------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)__ ---------

Loans and discounts (including

overdrafts) ----------------------------------------

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises --------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate ______ ------------------

Customers' liability to this bank on

acceptances outstanding_______

Other assets _____

222,254.85 503,181.50
1,016.02 5,549.55
None 705,812.35
1,601.00 None
None None 1,678.94

Total Assets ----------------------------------- $ 1,441,094.21

LIABILITIES

Demand deposits Time deposits ________

------------------ _$ -------------

Deposits of U. S. Government

Deposits of States and political

subdivisions ___ ------------------------

Deposits of banks ------------------------- _______

Other deposits (certified and offi-

cers' checks, etc.)__ ----------------------

Bills payable_______

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

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities ----------------------

Capital

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

Surplus ___ -------~----------------- ---------------------

Undivided profits _______ ---------------------

Reserves -------------------- ----------------------

716,865.76 564,661.41 11,465.10
41,022.59 None
5,771.60 None
None 1,000.00 25,000.00 50,000.00 25,307.75
None

Total Liabilities ---------------------------- $ 1,441,094.21

STATEMENT

Showing condition at the close of business December 31, 1947, of

DARBY BANKING COMPANY

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed
Obligations of States and political subdivisions ____ --------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) . Loans and discounts (including
overdrafts) Bank premises owned, furniutre and
fixtures _____
Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
orerctoltyherer prreeaslenetsitnagteb__a___n__k____p__r__e__m____i_s__e__s
Customers' liability to this bank on acceptances outstanding________________
Other assets....------------------------------------

589,757.81 598,767.00
12,000.00 None None
386,722.32 7,469.04 None
None None 778.57

Total Assets --------------------------------- $ 1,595,494.74

LIABILITIES TDiemmeanddepdoespitoss__i_t_s___-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_$
Deposits of U. S. Government Deposi~. _of States and political
SubdtVJSlODS --------------------------------------Deposits of banks--------------------------------Other deposits (certified and offi-
cers' checks, etc.)----------------------------Bills payable____ ---------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil--i-t-i-e--s--_-_-_-_-,--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------------- SUunrdpilvuisded profit-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves --------------------------------------------------

1,020,369.37 209,611.75 3,775.48
4,603. 75 259,304.04
7,883.35 None
None 4,361.45 25,000.00 25,000.00 35.585.55
None

Total Liabilities-------------------------- $ 1,595.494.74

130

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

VIDALIA BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks.

W.O. DAVIS, President.
Date of Charter: 10-22-1938

P. B. COLLINS, JR., Cashier.
Began Business: 10-28-1938

ASSETS

Cash, balances with other banks, including reserve balances, and cash

items in process of collection__ ---- $
United States Government obligations, direct and guaranteed ______

Obliga!i~n.s of States and political

subdlVlBlons ..........

____ _

Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank) __ _

Loans and discounts (including

overdrafts)

________ _

Bank premises owned, furniture and

fixtures

_______ _

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate ---------Customers' liability to this bank on
acceptances outstanding__________________

Other assets

677,905.68 502,200.00
None None None 616,920.69 7,310.95 None
None None 3,325.10

Total Assets __

----------- $ 1,807,662.42

LIABILITIES Demand deposits ____________________________________ $

Time deposits ______________

Deposits of U. S. Government _____

Deposits of States and political
subdivisions Deposits of banks _____

Other deposits (certified and. offi-

cers' checks, etc.)__ ---------------------
Bills payable ------------Acceptances executed by or for
account of this bank and out-

standing ----------------- -----------------------Other liabilities ______ _
Capital ____ Surplus _____________ _

Undivided profits_

Reserves

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

1,617,821.93 34,420.01 517.75
20,784.28 None
18,073.32 None
None 54.44 50,000.00 40,000.00 None 25,990.69

Total Liabilities

---- $ 1,807,662.42

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ____ $

United States Government obligations, direct and guaranteed _______
Obliga!i~n.s of States and political

subdiviSions ------------------------------------ .

Othe1 bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank) ____ . ______ ----

Loans and discounts ( including overdrafts) _____________________________ . __

Bank premises owned, furniture and fixtures ________ . _______________________________ _

Real estate owned other than bank

premises

_________________________________ _

Investments and other assets indi-

rectly representing bank premises or other real estate ______

Customers' liability to this bank on

acceptances outstanding _

Other assets ------------------

575,681.89 230,300.00
3,657.50 None None
520,451.50 3,811.10 None
None None None

Total Assets

------ $ 1,333,901.99

LIABILITIES

Demand deposits

________ $

Time deposits

_______ _

Deposits of U. S. Government__ . _____ Deposi~s- .of States and political
subdlVISIOTIS --------------------------DepositS of banks _ Other deposits (certified and offi-

cers' checks, etc.)-----------------------------Bills payable__________________

Acceptances executed by or for

account of this bank and out-

standing ____

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

Other liabilities__

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

Capital _____

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

Surplus ______ _

Undivided profits---------------------Reserves ----------------------

1,034,669.09 39,923.43 15,635.00
95,968.87 7,742.30
7,816.56 None
None None 50,000.00 25,000.00 57,146.74 None

Total Liabilities

- ------------------- $ 1,333,901.99

TWENTY-EI1GHTH ANNUAL REPORT

131

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF VILLA RICA Villa Rica, Ga.

As called for by the Superintendent of Banks.

H. G. CLIATT, President.
Date of Charter: 5-4-1899

R. R. RICHARDSON,
Cashier. Began Business: 5-1899

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed _________ Obliga!i~n.s of States and political
SUbdiVlSIOllS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ____________________
Loans and discounts (inc 1u ding overdraft&)
Bank premises owned, furniture and fixtures ------------------------------------------------
Real estate owned other than bank premises --------------------------------------------
Investments and other assets indirectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding___________~-----~
Othe~ assets____________________________________________

372,917.96 1,27 4,640.00
52,425.00 None None
372.628.10 6,001.00 None
None None None

Total Assets ___________________________________ $ 2,078,612.06

LIABILITIES

Demand deposits_

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

Time deposits_________ _---------------------------Deposits of U. S. Government _________

Deposits of States and political

subdivisions -------------------------------------

Deposits of banks --------------------------------Othe~ deposits (certified and offi-

cers' checks, etc.) ------------------------------

Bills payable__ --------------------------------------

Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital

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

SUunrdpilvuisde-d-----p---r-o--f--i-t--s--_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--_------

Reserves ------------------------ ---------------~---

1,832,813.53 70.555.45 1,661.25
39,095.24 9,448.90
1,564.38 None
None None 50,000.00 50,000.00 23,473.31 None

Total Liabilities ---------------------------- $ 2,078,612.06

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF WADLEY Wadley, Ga.

As called for by the Superintendent of Banks.

J. D. PEACOCK, President.
Date of Charter: 1-29-1902

W. C. CLARY, Vice-President and Cashier.
Began Business: 1-1902

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection________ $

United States Government obligations, direct and guaranteed ________

Obligations of States and political

subdivisions

____ --------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) __

Loans and discounts (including oveldrafts)

Bank premises o\vned, furniture and

fixtures ____________ ------------------

Real estate owned other than bank

premises -------------------------------------------Investments and other assets indi-

rectly representing bank premises

or other real estate ------------------------Customers' liability to this bank on

acceptances outstanding-----------------Other assets

Total Assets___________ ------------------------ $

120,037.36 200,000.00
None None None 465,372.70 2,282.50 None
None None 1,698.76 789,391.32

LIABILITIES

Demand deposits ----------------------------------- $ Time deposits Deposits of U _ S. Government_________

Deposits of States and political

subdivisions

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

Deposits of banks ------------------- _________

Other deposits (certified and offi-

cers' checks, etc.) ------------------------------

Bills payable_

-----

Acceptances executed by or for

account of this bank and out-

standing

Other liabilities ____________ -------------------------

Capital

__________ -----------------------

Surplus _________ ----------------L------------------

Undivided profits---------------------

Reserves

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

589,070.34 99,197.18 10,859.60
23,062.50 None
2,405.92 None
None 776.68 25,000.00 25,000.00 4,019.10 10,000.00

Total Liabilities__ _------------------- $ 789,391.32

132

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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, Vice-President and Cashier.
Began Business: 4-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ~------ $ United States Government obligations, direct and guaranteed _________

Obliga!i'?n.s of States and political

SUbdtVISlODS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) __
Loans and discounts (including overdrafts) ______ --------------------------------
Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises --------------------------------------------

Investments and other assets indi-

rectly representing bank premises

or other real estate------------------------Customers' liability to this bank on

Otahcecrepatsasnectse_s___o__u__t_s_t_a__n__d__i_n__g_-__-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-

639,295.04 1,743,311.47
54,303.39 13,695.86
None 298,797.10
11,789.24 None
None None None

Total Assets____________________________________ $ 2,761,192.10

LIABILITIES Demand deposits____________________________________ $
Time deposits---------------------------------------Deposits of U. S. Governmnet__________ Deposi~. .of States and political
subdlVlSlOnS --------------------------------------Deposits of banks --------------------------------Other deposits (certified and offiBicllesrs'pacyhaebckles_,___e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out~
Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Capital -------------------------------------------------SUunrdpilvuisded----p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_--_----------
Reserves -------------------------------------------------

2,435,627.50 None
31,814.00
122,375.00 None
14,992.76 None
None None 50,000.00 50,000.00 47,416.33 8,966.51

Total Liabilities-----------------------------$ 2,761,192.10

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE WASHINGTON LOAN & BANKING CO. Washington, Ga.

As called for by the Superintendent of Banks.

F. W. THOMAS,
President. Date of Charter: 9-7-1891

F. W. THOMAS, Cashier.
Began Business: 5-1-1895

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed __________

Obliga!i'?n.s of States and political

SUbdJVlSlODS --------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank)--------------------

Loans and discounts (inc I u ding

overdrafts)

____________________ _

Bank premises owned, furniture and

fixtures ----------------------------------------------Real estate owned other than bank

premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate __________________________

Customers' liability to this bank on acceptances outstanding________________
Other assets________________________________________

729,498.31 1,473,548.55
254,648.95 10,431.33 None
568,721.12 1.00
None
None None 4,589.59

Total Assets-------------------------------$ 3,041,438.85

LIABILITIES Demand deposits ----------------------- ____ $ Time deposits ---------------------------------------Deposits of U. S. Government__________ Deposi~s. .of States and political
subdiVlSlODS ---------------------------------------Deposits of banks __ ----------------------------Other deposits (certified and offi-
cers' checks, etc.)----------------------------Bills payable _________________ -------------------Acceptances executed by or for
account of this bank and outstanding ---------------------------------------------Other liabilities-------------------------------------Capital --------------------------------------------------SUunrdpilvuisde-d-----p---r-o--f--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves --------------------------------------------------

1,997,562.82 444,998.52 36,108.99
245,532.59 61,934.49
1,774.81 None
None None 50,000.00 50,000.00 125,000.00 28,526.63

Total Liabilities--------------------------- $ 3,041,438.85

TWENTY-EIGHTH ANNUAL REPORT

133

STATEMENT

Showing condition at the close of business December 31, 1947, 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. NORMAN, Cashier.
Began Business: 10-30-1918

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed__________

Obliga!i'?n.s of States and political subdlVlSlOnS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)____________________

Loans and discounts (including

overdrafts) -------------------------------------Bank premises owned, furniture and

fixtures -------------------------------



Real estate owned other than bank

premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate._______________________

Customers' liability to this bank on acceptances outstanding_________________

Other assets---------------------

1,514,129.05 3,361,400.00
36,825.48 None None
534,131.96 28,000.00 None
None None None

Total Assets------------------------------$ 5,474,486.49

LIABILITIES DTiemmeanddepdoespitoss__i_t_s____________-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_$
Deposits of U. S. Government _________
Obliga!i'?n.s of States and political
DespubodstiVtslSolOfDbSan--k---s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_--_----
Other deposits (certified and officers' checks, etc.)------------------------------
Bills payable---------------------------------------Acceptances executed by or for
account of this bank and out-
standing -------------------------------------------Other liabilities --------------------------------Capital ------------------------------------------ Surplus -------------------------------------------------- Undivided profits-----------------------------Reserves -------------------------------------------------

3,855,961.23 972,409.09 22,198.03
350,730.30 50,000.00
13,877.26 None
None None 50,000.00 100,000.00 20,000.00 39,310.58

Total Liabilities-------------------------$ 5,474,486.49

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF WAYNESBORO Waynesboro, Ga.

As called for by the Superintendent of Banks.

M. K. TUCKER, President.
Date of Charter: 12-16-1890

E. E. STEPHENS, Cashier.
Began Business: 1891

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection _______ $

United States Government obligations, direct and guaranteed__________

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)-----------------

Loans and discounts (including

overdrafts) -----------------------------Bank premises owned, furniture and

fixtures --------------------------------------------Real estate owned other than bank

premises -------------------------------------Investments and other assets indi-
rectly representing bank premises

or other real estate------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets__-------------------

1,072,977.71 231,714.63 25,000.00 None 1,000.00
1,622,398.49 6,080. 77 1. 00
None None None

Total Assets_______---- $ 2,959,172.60

LIABILITIES

Demand deposits -------------------------------- $ Time deposits _____

Deposits of U. S. Government ________

Deposits of States and political

subdivisions

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

Deposits of banks _____ ---------------------------

Other deposits (certified and offi-

cers' checks, etc.)---------------------------

Bills payable______ ----------------------------

Acceptances executed by or for

account of this bank and out-

Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Capital --------------- ----------------------Surplus ----------------------------------------- Undivided profits ------------------------------
Reserves -----------------------------------------------

1,403, 720.81 911,720.41 45,158.04
287,327.68 120,032.74
3,903.08 None
None 6,001.20 75,000.00 80,000.00 26,308.64
None

Total Liabilities......--------------------- $ 2,959,172.60

134

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, 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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions _

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank) ~-

Loans and discounts (including

overdrafts) ~----

--~- ~~-,.-----

Bank premises owned, furniture and

fixtures . ___________________ _

Real estate owned other than bank

premises -------------------------------- _________ ---

Investments and other assets indirectly representing bank premises

or other real estate _

Customers' liability to this bank on

acceptances outstanding ----------------Other asseta ~------------------------------~-----------

659,495.33 2,019,000.00
None 850.00 None 459,412.32 16,000.00
1.00
None None None

Total Assets--~--------~----~--~-----------~-$ 3,154,758.65

LIABILITIES

Demand deposits ~~~-----------------------~-------- $

Time deposits ____ -----------------Deposits of U. S. Government _________

Deposi~s. _of States and political

SUbdiVISIOnS ----------------------------------------

Deposits of banks __ ----------------------------Other deposits (certified and offi-

cers' checks, etc.) ----------------------------Bills payable~----~--------------------------------~- Acceptances executed by or or for

account of this bank and out-

standing _ Other liabilities Capital Surplus ______ _

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

Undivided profits~-

Reserves --------------------------------------------------

2,697. 753.68 256,397.59 4,007.34
52,750.08 None
8,697.61 None
None None 50,000.00 50,000.00 25,000.00 10,152.35

Total Liabilities

-------------------$ 3,154,758.65

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE WOODBURY BANKING COMPANY Woodbury, Ga.

As called for by the Superintendent of Banks.

W. E. WILBURN,
President. Date of Charter: 10-20-1891

M. 0. CAMPBELL,
Cashier. Began Business: 9-29-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed ________
Obliga~i~n.s of States and political subdivisiOns ____________________________________
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ____________________
Loans and discounts (including overdrafts) -~~---~~------~~-~-~--~----~---~-------
Bank premises owned, furniture and fixtures __________________ ________ _______________
Real estate owned other than bank premises ________ ------ ____ -------------------------
Investments and other assets indirectly representing bank premises or other real estate __________________________
Customers' liability to this bank on acceptances outstanding
Other assets

310,396.84 589,400.00
None 240.00 None 180,007.96 700.00 711.74
None None
2.00

Total Asset~-

------ $ 1,081,458.54

LIABILITIES Demand deposits ~-----~---------------------------- $ Time deposits _ __________________

Deposits of U. S. Government Deposits of States and political

Despuobsdiitvsisoifonbsan--k--s---_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-.-.-_-_-_-_-_-_-_ __

Other deposits (certified and offi-

cers' checks, etc.)-------------------Bills payable~~---------------------~---- Acceptances executed by or for
account of this bank and outstanding _________

Other liabilities ~-- ----~--------------~-------~----

Capital

S u rp Ius

_~- ~-- ~ _~---------- ______ ~------ ------~-

Undivided profits~------

Reserves --------------------------------------------

843,452.66 96,437.68 3,984.18
56,132.55 None
841.40 None
None 1,500.00 25,000.00 25,000.00 24,110.07 5,000.00

Total Liabilities~-----------------------------$ 1,081,458.54

TWENTY-EIGHTH ANNUAL REPORT

135

STATEMENT

Showing condition at the close of business December 31, 1947, of

THE WOODLAND BANK Woodland, Ga.

As called for by the Superintendent of Banks.

J. H. WOODALL, President.
Date of Charter: 11-18-1907

W. C. WOODALL, Acting Cashier.
Began Business: 11-25-1907

ASSETS Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed __ -------

Obliga!i~n.s of States and political

subdivisiOns _________

____________ _

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts)

-------------------- _______

Bank premises owned, furniture and

fixtures

- ----------

Real estate owned other than bank

premises __

Investments and other assets indi-

rectly representing bank premises or other real estate_

Customers' liability to this bank on acceptances outstanding
Other assets..........___

Total Assets

.................. $

155,205.87 125,000.00
None None None 40,310.67 660.00 None

LIABILITIES Demand deposits........____........____..______.._$

Time deposits ---------------~-----------------------Deposits of U. S. Government________ Deposi~s. _of States and political

SUbdiVISIOnS ---------------------------------------Deposits of banks---------------------------------Other deposits (certified and offi-

Bilclesrs'pacyhaebckles_,___e__t_c_._)_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-

Acceptances executed by or for account of this bank and out-

standing

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

Other liabilities ------------------------------------

Capital _____ --------------------------------------------

Surplus ---------------------------------------------

Undivided profits

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

Reserves -------------------------------------------------

247,989.73 7,922.87 3,872.95
25,549.03 None
499.28 None
None 4,525.00 15,000.00 15,000.00 5,481.56
None

None

None 4,663.88

- - 325,840.42

-

-

--

-

-

-

Total Liabilities..__________________________ $
------------------------

-

-

-3-25-,8-4-0-.4-2

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF WOODSTOCK Woodstock, Ga.

As called for by the Superintendent of Banks.

S. L. JOHNSTON, President.
Date of Charter: 11-13-1905

S. L. JOHNSTON, JR., Cashier.
Began Business: 11-13-1905

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed ____ _

Obliga!i~n.s of States and political

subdivisiOns

__ , _

----

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)- ---- -------

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures _____ --------- --- --------- -------

Real estate owned other than bank

premises ________ ----

_____ _

Investments and other assets indirectly representing bank premises or other real estate ______ _

Customers' liability to this bank on acceptances outstanding__________________

Other assets ------------

Total Assets ________

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

122,538.28 387,790.20
36,000.00 9,956.25 None
161,216.90 501.00 1.00
None None 25,000.00 743,003.63

LIABILITIES

Demand deposits...... ----------------------- $ Time deposits --------Deposits of U. S. Government ________ _

Deposits of States and political

subdivisions -----------------------------------

Deposits of banks ------------------Other deposits (certified and offi-

cers' checks, etc.)

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

Bills payable ---------------------------------Acceptances executed by or for

account of this bank and out-

standing -------------------------------------------Other liabilities....---------------------------------

Capital

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

Surplus ____ ----------------------------------

Undivided profits.

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

Reserves -----~------- ----------------------------------

553,411.83 68,212.02 None
77,163.83 None
9.50 None
None None 25,000.00 10,000.00 4,722.22 4,484.23

Total Liabilities ____________________________ $ 743,003.63

136

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1947, of

BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

W. H. LOVETT, President.
Date of Charter: 2-16-1897

J. B. FULGHUM, Cashier.
Began Business: 2-16-1897

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _____ $

United States Government obligations, direct and guaranteed ______
Obliga!i~n.s of States and political

subdlVlSlODS ---------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (inc 1u ding

overdrafts) ______ -------------------------- -

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ................

----

Investments and other assets indi-

rectly representing bank premises

or other real estate ___ ---------------------

Customers' liability to this bank on acceptances outstanding_________________

Other assets. __________________________________________

660,714.78 746,000.00
12,812.39 None None
331,159.08 1,000.00 None
None None None

Total Assets---------------------------------$ 1,751,686.25

LIABILITIES

Demand deposits --------------------------------- $

Time deposits

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

Deposits of U. S. Government _________

Deposits of States and political

subdivisions ----------------------------------~--

Deposits of banks ---------------------------------

Other deposits (certified and offi-

cers' checks, etc.)------------------------------

Bills payable ---------------------------------------Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgili__t_i__e_s-.-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_

Capital

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

SUunrdpilvuisded_-p---r-o--f--i-t-s--_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_

Reserves ----------------------------------------------~--

1,270,396.06 36,902.23 16.96
123,580.75 230,501.08
5,175.40 None
None None 25,000.00 25,000.00 25,113.77 10,000.00

Total Liabilities ___.----------------------$ 1,751,686.25

STATEMENT

Showing condition at the close of business December 31, 1947, of

EXCHANGE BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

W. R. JACKSON,
President. Date of Charter: 12-20-1909

R. E. FULFORD, Cashier.
Began Business: 12-20-1909

ASSETS Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ___ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

__ _

Other bonds, notes, and debentures Corporate stocks (including stock of

Federal Reserve Bank) Loans and discounts (including

overdrafts) Bank premises owned, furniture and

fixtures Real estate owned other than bank

premises -------------------------------------- Investments and other assets indi-
rectly representing bank premises

or other real estate...

Customers' liability to this bank on acceptances outstanding............

Other asset-------

Total Assets ______

173,246.87 340,000.00
21,918.27 None None
437,731.51 1,700.00 None
None None None 974,596.65

LIABILITIES

Demand deposits__ Time deposits

------------------------ $ ________ _

Deposits of U. S. Government

Deposits of States and political

subdivisions Deposits of banks

_________ _

Other deposits (certified and offi-

<"ers' checks, etc.)

Bills payable.....-....... ------Acceptances executed by or for

account of this bank and out-

stanrling

Other liabilities _

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

Capital

_____ ---------------

Surplus

Undivided profits

Reserves _---------------------------------------------

846,055.39 7,741.94 None
44,314.78 None
847.29 None
None 819.70 35,000.00 15,000.00 24,717.55 None

Total Liabilities

-----------$ 974,596.65

TWENTY-E!IGHTH ANNUAL REPORT

137

STATEMENT

Showing condition at the close of business December 31, 1947, 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

G. M. LIFSEY, Cashier.
Began Business: 1-31-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balancesa and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed _________

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Banks)-----------------Loans and discounts (including
overdrafts) -------------------------------Bank premises owned, furniture and

fixtures -----------------------------------------------~eal estate owned other than bank

premises --------------- Investments and other assets indi-
rectly representing bank premises or other real estate........................
Customers' liability to this bank on acceptances outstanding__________________

Other assets ------------------------------------------

Total Asset---------------------------------- $

193,135.49 524,016.06
29,265.23 None None
196,331.47 1,809.30 None
None None 4,060.32 948,617.87

LIABILITIES

Demand deposits_----------------------------------$

Time deposits , ------------------------------------Deposits of U. S. Government ___

Deposi~s . .of States and political

subdiVISIOns ----------------------------------------

Deposits of banks - ---------------------

Other deposits (certified and offi-

cers' checks, etc.) ________ --------------------

Bills payable

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

Acceptances executed by or for

account of this bank and out-

Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital --------------------------------------------------Surplus ----------------------------------------------------
Undivided profits-----------------------------------
Reserves -------------------------------------------------

613,101.12 232,137.03
7,702.02
22,151.46 None
293.21 None
None 2,620.13 25,000.00 25,000.00 20,612.90
None

Total Liabilities ____________________________ $ 948,617.87