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~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. _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. _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!ialances~ 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 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 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!iptances 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'. _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 '..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