Twenty-ninth annual report [1948]

STATE OF GEORGIA
CREATED BY ACT APPROVED AUGUST 16, 1919
YEAR ENDING DECEMBER 31, 1948
DEPARTMENT ESTABLISHED An Act to create the Department of Banking of the State of Georgia, to provide for the incorporation and regulation of Banks and penalties for violations of the Law, defining duties of the Superintendent of Banks, and for other purposes, was enacted by the Legislature in 1919, approved by the Governor August 16, 1919, and effective January 1, 1920. This Act has been amended from time to time, through the sessions of the General Assembly, all of which amendments are contained in the Banking Act published by the Department of Banking.
A. P. PERSONS, Superintendent of Banks
BOWI.N PRE~S, 1NC., DfCATl'R, CA.

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

TWENTY-NINTH ANNUAL REPORT

III

DEPARTMENT OF BANKING STA.TE OF GEORGIA. ATLANTA

To His Excellency,

December 31, 1948.

Honorable Herman E. Talmadge

Governor of Georgia,

Atlanta, Georgia.

As required in Sections 15 and 16 of Article 2 of the Banking Law, I have the honor to submit herewith, this, the 29th Annual Report of the Department of Banking for the year ending December 31, 1948.

This report consists of the following exhibits:
1. Exhibit "A", Official Roster of the Department of Banking.

2. Exhibit "B", a statement of the receipts and disbursements of the Department for the year 1948.

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 branch banks now in operation.

6. Exhibit "N", a condensed statement showing the disposition of banks during the year 1948.

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

8. Exhibit "P", a list of Small Loan Companies under the supervision of the Superintendent of Banks during the year 1948, and Exhibit "Q", a list of Credit Unions as of December 31, 1948.

IV

DEPARTME NT OF BANKING

9. Exhibit "R", abstract of reports showing condition of 282 banks and 7 branches as of December 31, 1948, with a comparative statement of 273 banks and 7 branches as of December 31, 1947.
10. Exhibit "S", Classification of Banks by Capitalization as of December 31, 1948.
ll. 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, 1948. 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, A. P. PERSONS,
Superintendent of Banks

TWENTY-NINTH ANNUAL REPORT

v

E:chibil "A."

Deparbnent of Banking, State of Georgia

DECEMBER 31, 1948

A. P. PERSONS, Superintendent of Banks 0. G. JACKSON, Assistant Superintendent of Banks

Name and Address

EXAMINERS

Salary

J. Lloyd Adams, Thomasville -------------------------------------------------------------------- $275.00 B. T. Brooks, Decatur ----------------------------------------------------------------------- 250.00 J. B. Brown, Vidalia ---------------------------------------------------------------------------------- 300.00 C. C. Cunningham, Atlanta_______________________________________________________________ 300.00 W. M. Jackson, Atlanta____________________________________________________________________ 300.00 T. W. Marshall, East Point_______________________________________________________________________ 300.00 T. R. Smith, Dawson______________________________________________________________________ 250.00 I. M. Starr, Jr., Lithonia____________________________________________________________________________ 300.00

J. A. Wurst, Thomasville-------------------------------------------------------------------- 300.00

CREDIT UNIONS W. C. Thompson, Decatur__________________________________________________________________________$ 300.00

OFFICE ASSISTANTS Mrs. D. L. Blanton, Secretary________________________________________________________________ $235.00 Myrtis Hawkins, Stenographer_________________________________________________________ 235.00 Mrs. Evelyn Jones, Bookkeeper________________________________________________________________ 235.00

Looney Arnold, Porter------------------------------------------------------------------------------ $100.00

VI

DEPARTMENT OF BANKING

Exhibit ..B"

Department of Banking, State of Georgia

RECEIPTS AND DISBURSEMENTS 1948
RECEIPTS Balance January 1, 1948--------------------------------------$ 2,354.60 Received from Appropriation______________________________ 73,221.41 Miscellaneous Income --------------------------------------- __ 106.44

$75,682.45

DISBURSEMENTS Superintendent's Salary _______________________ ---------------$ 7,500.00 Assistant Superintendent's Salary______________________ 597.23 Traveling Expenses, Superintendent__________________ 677.91 Traveling Expenses, Assistant Superintendent 68.60 Office Assistants' Salaries__________________________________ 9,660.00 Examiners' Salaries ---------------------------------------------- 34,525.00 Examiners' Expenses, Traveling________________________ 16,321.39 Printing and Publicity______________________________________ 2,301.05 Office Supplies ------------------------------------------------------- 412.47 Communication ----------------------------------------------------- 1,282.52 Repairs -------------------------------------------------------------------- 541.45 Insurance and Bonding _-------------------------------------- 456.94 Equipment __ ----------------------------------------------------------- 307.92 Miscellaneous Office Expenses____________________________ 233.22
$74,885.70 Balance December 31, 1948___ --------------------------------------------------------$ 796.75

TWENTY-NINTH ANNUAL REPORT

VII

APPLICATIONS FOR CHARTER APPROVED

Exhibit "C"

NAME OF BANK

LOCATION

Commercial Bank of Lyons________________________________ Lyons ___________________

Farmers & Merchants Bank________________________________ Brooklet_____________________________

The Citizens Bank of Tifton______________________________ Tifton____________________

The First State Bank of Fitzgerald _______________ Fitzgerald_________________________

Montezuma Banking Company__________________________ Montezuma________________________

Citizens & Southern Bank of East Point_________ East Point _______________________

The Peachtree Trust Company__________________________ Buckhead ___________________________

Citizens Bank of DeKalb.___________________________________ Avondale Estates___________

Braselton Banking Company______________________________ Braselton___________________________

West Georgia Bank of Tallapoosa _____________________ Tallapoosa _______________________

Peoples State Bank____________________

Metter. ______ _ ____________ _

APPROVED
1- 5-1948 2- 4-1948 2-24-1948 5-24-1948 9-30-194.8 11- 1-1948 11- 4-1948 11-15-1948 11-15-1948 12- 6-1948 12- 6-1948

Exhibit "D"

APPROVAL OF REVIVAL AND RENEWAL OF CHARTER

NAME oF BANK

I LOCATION_______ j__D_A_T_E_o_F_C_H_A_R_T_E_R _ _A_P_P_R_ov__ ED _

Citizens Trust Company______ Atlanta_____

7-12-1921

8-24-1948

APPROVAL OF RENEWAL OF CHARTER

NAME OF BANK

The The

Farmers Bank of

QBuaintmk__a__n_________-_-_-_-_-_-_-_-_

Commercial Bank______________________

LOCATION
Palmetto________ -Quitman___________ Waycross__________

DATE OF CHARTER
6-29-1918 12-26-1918 10-15-1918

Exhibit "E"
APPROVED 3-19-1948 6-28-1948 8-20-1948

PERMITS TO BEGIN BUSINESS

Exhibit "F"

NAME OF BANK

LOCATION

The Camden County State Bank_____ Woodbine _____________________________

The Peoples Bank ______________________________ Crawfordville _____________________

Farmers and Merchants Bank________ AdeL__________________________________

Farmers and Merchants Bank of

Manchester Farmers and

-----------------------------------Merchants Bank__________

BMraonochkelsette_r_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_--_

The Citizens Bank of Tifton _____ Tifton_________________________________

The First State Bank of Fitzgerald__ Fitzgerald________________

The Cartersville Bank__________

Cartersville _______________________ _

The Citizens and Southern Bank of East Point_______ __________________________ East Point_________________________

Braselton Banking Company____________ Braselton_____________________________

BEGAN BUSINESS
1- 2-1948 1- 2-1948 1-15-1948
2- 2-1948 2-17-1948 4-15-1948 7-19-1948 11-19-1948
11-19-1948 12-18-1948

VIII

DEPARTMENT OF BANKING

Exhibit "G" APPLICATIONS TO INCREASE CAPITAL STOCK APPROVED

NAME OF BANK

LOCATION

APPROVED AMOUNT OF INCREASE

Wilkinson County Bank________ Toomsboro_______ 2- 4-1948

Bank of Fulton County__________ East Point___ 2- 5-1948 The Peoples Bank _______________ Atlanta__________ 2-19-1948 Farmers & Merchants Bank.. Sylvania __________ . 3- 3-1948

The Exchange Bank of

Springfield

Springfield _____

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

5-24-1948

The First State Bank of

Fitzgerald --------------------------- Fitzgerald ____ 6-28-1948 Citizens Trust Company________ Atlanta ______ ----- 8-30-1948

The Citizens Bank of

Americus -------------------- --- Americus. ________ 9-27-1948

Bank of Hiawassee ____

Hiawassee._ 9-27-1948

The Bank of Quitman___________ Quitman .... ---- 9-30-19<fl

Washington Loan &

Banking Co.

------------- Washington --- 11-15-1948

Realty Savings Bank______ -- Augusta__

11-17-1948

Bank of Chickamauga ----- Chickamauga____ . 12- 6-1948

$ 15,000.00 to $ 25,000.00 100,000.00 to 200,000.00 85,000.00 to 200,000.00 50,000.00 to 65,000.00
15,000.00 to 25,000.00
50,000.00 to 100,000.00 100,000.00 to 200,000.00
50,000.00 to 100,000.00 15,000.00 to 25,000.00 50,000.00 to 100,000.00
50,000.00 to 100,000.00 100,000.00 to 200,000.00
25,000.00 to 50,000.00

APPLICATIONS FOR CHARTER DISAPPROVED

Exhibit "W'

NAME OF BANK

LOCATION

The Citizens Bank of Tifton _______________________ Tifton ______________

The Peachtree Trust Company_________________ Buckhead____________ _

Commercial Bank of Buckhead_____

B u c k h e a d __

The Citizens and Southern Bank of

Buckhead _________ ------------------------------

Buckhead ______

Peoples State Bank.___________________________ _

Metter________ -----------------------

The Farmers Bank of Wilkes. ________________ Washington

DISAPPROVED
1-31-1948 3- 8-1948 9-15-1948
9-15-1948 11-21-1948 12-22-1948

APPLICATIONS TO CHANGE NAME

Exhibit "l''

NAME OF BANK
The Bank of Atlanta (Northwest Branch)

LOCATION

To BE KNOWN AS

Atlanta ___________ The Bank of Atlanta

APPLICATION TO CHANGE LOCATION

APPROVED
6-28-1948
Exhibit "I"

Exhibit "K"

I ___ APPROVAL OF AMENDMENT TO ESTABLISH BRANCH BANK

NAME OF BANK

LOCATION

A_P_P_R_O_VE__ n __

I Savannah Bank & Trust Company______ Savannah__________________________

9-30-1948

BANKS IN VOLUNTARY LIQillDATION

Exhibit "L"

December 31, 1948

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 Ba.nk ------------------------ Tallapoosa_____________ March 14, 1938

TWENTY-NINTH ANNUAL REPORT

IX

BRANCH BANKS AS OF DECEMBER 31, 1948

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 StreeL _____ 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.,

C oRr naenlki ai n BHaonuks_e_-_-_-_-__- _- _- _-_-_-_-_-_-_-

Columbus __ Demorest_ __

Columbus Bank & Trust Co. Cornelia Bank ____________

Columbus Cornelia

Citizens Bank ________________ Nahunta ___ Citizens Bank_____________ Folkston

Exhibit "N"

DISPOSITION OF BANKS IN GEORGIA DURING YEAR 1948

Banks

Branches

Banks in Operation January 1, 1948 _____________________

273

7

Banks in Operation December 31, 1948 ___

282

7

Increase During Year__________ ---------------------------- 10

Decrease During Year__________________________

1

Net Increase --------------------------------- ______________ 9 New Banks____________________________________________________________________ 10
Farmers and Merchants Bank, Adel Braselton Banking Company, Braselton Farmers and Merchants Bank, Brooklet The Cartersville Bank, Cartersville The Peoples Bank, Crawfordville The Citizens and Southern Bank of East Point, East Point The First State Bank of Fitzgerald, Fitzgerald Farmers and Merchants Bank of Manchester, Manchester The Citizens Bank of Tifton, Tifton The Camden County State Bank, Woodbine Banks Nationalized ---------------------------------------------------- 1 West Georgia Bank and Trust Company, Carrollton Net Increase Shown Above_______________________________________ 9
Exhibit "0'' STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM
Bank of Adairsville ________________________________________________Adairsville
Citizens Trust Company-------------------- ________________________ Atlanta 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_____________________________________________________Monroe
Citizens Bank & Trust Company_____________________________________Savannah Savannah Bank & Trust Company__________________________________Savannah

X

DEPARTMENT OF BANKING

SMALL LOAN COMPANIES

Exhibit "P"

NAME OF COMPANY

LOCATION

LICENSE ISSUED

Commercial Credit Plan, Inc,____________________________________ Albany-------------------Commercial Credit Plan, Inc,______________ --------------------- Augusta________ -------Commercial Credit Plan, Inc,___________________________________ Savannah_______________ Georgia Finance, Inc.________________________________________________ Atlanta___________________ The Master Loan Service, Inc,________________________________ Atlanta___________________ Citizens Finance Association__________________________________ Cordele___________________
Gilmer Loan Company________________________ -------------------- Ellijay___________ _

1- 1-1948 1- 1-1948 1- 1-1948
1- 1-1948 1- 1-1948
3-11-1948 2-18-1948

STATE CHARTERED CREDIT UNIONS IN GEORGIA
AS OF DECEMBER 31, 1948
ALBANY Federal Employees, % Post Office Herald Employees, % Albany Herald Keenan Employees, 112 Front St. Manufacturing Employees, o/o Albany Mfg. Co. Modern Coach Employees, 208 S. Jackson St.
ATHENS Athens Division, % Georgia Power Co.
ATLANTA Apaco, 225 Moore St. Armour Fertilizer Works, 350 Hurt Bldg. Arrow, 2202 Murphy Ave., S. W. Atlanta City Employees, % City Hall. Atlanta Co-operative Credit Ass'n, 61 Peachtree St.
Atlanta Firemen's, 166 Alabama St. Atlanta Greyhound Terminal Employees, 81 Cain St., N. W. Atlanta Joint Terminals, 106 Carroll St. Atlanta Journal Employees, % Atlanta Journal. Atlanta Postal, 302 Federal Annex. Atlanta Railway Postal Clerks, 420 Federal Annex. Atlanta Savings Stores, 659 W. Whitehall St., S. W. Atlanta Teachers Ass'n, 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. Colonial Stores Employees, 682 Whitehall St., S. W. Constitution Employees, % Atlanta Constitution. Delta Employees, Municipal Airport
Employment Service, 79 Marietta St., N. W. Essell, 1197 Peachtree St. F. D. and L. Employees, 1090 Capitol Ave., S. E. Federal Employees, 6th Floor, old P. 0. Bldg. Fulton County Employees, % Court House. Fulton Teachers, 9th Floor, Court House. General Shoe Credit Ass'n, 16 Yonge and 1251 Caroline Sts.

Exhibit "Q"

TWENTY-EIGHTH ANNUAL REPORT

XI

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, 50 Whitehall St. Georgia Telco, 452 Hurt Bldg. Georgia-W. P. Gen. Office, 4 Hunter St., S. E. Gesco, 172 Haynes St., S. W. Hospital Authority Employees, 36 Butler St., S. E. 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. Mutual Savings, 243 Peachtree St. Orange Disc, 6th Floor Hurt Bldg. R. E. A. Employees, 325 Mitchell St., S. W. Regenstein Employees, 80 Whitehall and 209 Peachtree Sts. Rich's Employees, % Rich's, Inc. Ruralist Press, 713 Glenn St., S. W.
Southern Freight Tariff Bureau Employees, lith Floor, 101 Marietta St. Bldg. Southern Motor Carriers Rate Conference, 873 Spring St., N. W. Seaboard Employees, R.F.D. No. 11, Box 384.
Sexton Atlanta Employees, 715 W. Whitehall St., S. W. Southern Dairies, Zone 12, Employees, 593 Glen Iris Dr., N. E. Southern Spring Bed, 290 Hunter St. Stein Printing Co., 161 Luckie St., N. W. Suburban Lines, 981 Ashby St., N. W. Swift Atlanta Employees, 33 Hunter St., S. W. The Thrift, 125 Spring St., S. W.
Underwood Atlanta Employees, 159 Spring St., N. W. University Center, 24 Ivy St. Wofford, 140 Spring St., S. W. AUGUSTA
Federal Employees, % Postoffice. Fire Department, Walton Way and 15th St. Police, % Police Headquarters. Georgia Railroad Employees, 615 Eighth St. King Mill, % King Mill. CARROLLTON
Carroll County Teachers, % Court House. CHAMBLEE
DeKalb County Teachers, P. 0. Box 114. COLUMBUS
Postal Employees, % Postoffice. Coca-Cola Employees, 305 17th St. CORDELE
Harris F. and M. Employees, Harris Foundry and Machine Works. EAST POINT
Municipal Employees, % City Hall. Tri-City Postal, % Postoffice. FORT McPHERSON Fort McPherson.

XII

DEPARTMENT OF BANKING

MACON Davison's of Macon, 417 Cherry St. Federal Employees, % Postoffice. Firemen's, % Fire Dept. McAfee Employees, Waterville Road.
Hapgrade, Broadway at Pine. P. and G. Macon Employees, Hazel and Hammond Sts. R. E. A. Employees, % Railway Express Agency. Textiles, P. 0. Box 58.
MORVEM The Citizens.
MOULTRIE Employees Swift and Co., % Swift and Co.
PLAINS Sumter County Teachers.
ROME Floyd County Postal Employees, % Postoffice.
SAVANNAH Central Employees, % Central of Georgia Rwy. Chatham County Schools, 208 Bull St.
Merchants, P. 0. Box 1717. Savannah and Atlanta Rwy. Employees, P. 0. Box 1491. Savananh Electric and Power Employees, 27 W. Bay St. Savanah Federal Employees, % Engineers' Office, Ga. State Savings Ass'n Bldg. Savannah Transit, 900 E. Gwinnett St. Scoco Employees, % Southern Cotton Oil Co. Seaboard Employees, 104 Union Station. Southern Paperboard Employees, Port Wentworth.
SCOTTDALE Steel Inc. Employees, 207 old St. Mountain Road.
THOMASTON Silvertown, % Martha Mills.
TIFTON Tift County Postal Employees, % Postoffice.
VALDOSTA Postal Employees, % Postoffice.
INACTIVE CREDIT UNIONS Hodges, Albany
Armour Atlanta, 14 Brady Ave., N. E.
Dortch Bakery, 505 W. Whitehall St., S. W., Atlanta. State Welfare, % State Office Bldg. Yancey Employees, 634 Whitehall St., S. W., Atlanta.
CREDIT UNIONS IN VOLUNTARY LIQUIDATION Dinkier Employees, % Ansley Hotel, Atlanta. Lane Employees, 477 Peachtree St., Atlanta.
CREDIT UNIONS IN INVOLUNTARY LIQUIDATION Canco 51-A, 410 Marietta St., N. W., Atlanta.
Pullman Shop Employees, 225 Rogers St., N. E., Atlanta.

TWENTY-NINTH ANNUAL REPORT

X Ill

Exhibit "R"

Department of Banking, State of Georgia

ATLANTA

ABSmAcr OF REPORTS OF CONDITION OF STATI BANKS IN GEORGIA AS OF DECEMBER 31, 1948

(With Comparative Statements as of December 81, 1947)

282 Banks and 7

Branches as of

ASSETS

Dec. 31, 1948

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

ances, & cash items in process of collection____ $203,156,415.96

U. S. Gov't obligations, direct and guaranteed____ 252,569,939.36

Obligations of States & political subdivisions___ 16,987,921.50

Other bonds, notes and debentures_________________________ 3,902,710.43

Corporll!te stocks, inc. stock of Fed. Res. Bank____

871,552.67

Loans & discounts (including overdrafts)________ 272,614,544.12

Bank premises owned and furniture & fixtures 6,057,549.22

Real estate owned other than bank premises________

276,759.16

Investments & other assets indirectly represent-

ing bank premises or other real estate ______________

28,366.44

Customers' liability on acceptances outstanding

33,000.00

Other assets -------------------------------------------------------------- 1,660,029.37

273 Banks and 7 Branches as of
Dec. 31, 1947
$201,913,268.87 292,086,028.64 16,646,057.60 3,290,351.51
959,82~02
248,686,370.75 5,409,292.65 168,483.05
30,217.04 28,313.14 1,913,504.10

TOTAL ASSETS_____________________________________ $758,158,788.23

LIABILITIES Demand deposits of individuals, partnerships, and

corporations -------------------------------------------------------------- $446,955,557.96 Time deposits of individuals, partnerships and

corporations ____ --------------------------------------------------------- 149,010,159.95 Deposits of U. S. Gov't (including postal savings) 8,953,156.66 Deposits of States and political subdivisions____ 45,264,219.57 Deposits of banks --------------------------------- ____________________ 37,755,296.81
Other deposits (certified & officers' checks, etc.) 5,975,217.46

Bills payable, rediscounts, & other liabilities for

borrowed money -----------------------------------------------------Acceptances executed and outstanding__________________

554,059.26 33,000.00

Other liabilities --------------------------------------------------------- 5,705,265.02

$771,131,713.37
$477,770,149.78
147,538,168.66 4,959,421. 78
41,294,797.22 36,771,767.53 4,514,644.60
810,864.02 28,313.14
5,850,114.03

TOTAL LIABILITIES (not inc. Capital

Accounts) ---------------------------------------

$700,205,932.69

CAPITAL ACCOUNTS

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

$ 192,075.00

Capital -------------------------------------------------------------------------- 18,610,500.00

Surplus -------------------------------------------------------------------------- 21,977,445.10

Undivided profits ------------------------------------------ ________ 11,282,013.92

Reserves (& retirement acct. for preferred capi-

tal) ---------------------------------------------------------------------------- 5,890,821.52

$719,538,240.76
$ 209,175.00 17,543,500.00 20,388,989.97 9,350,128.97
4,101,678.67

TOTAL CAPITAL ACCOUNTS _______

$ 57,952,855.54 $ 51,593,472.61

TOTAL LIABILITIES AND CAPITAL ACCOUNTS -------------------------------- ____________ _ $758,158,788.23

$771,131,713.37

XIV

DEPARTMENT OF BANKING

Number of
Banks
23
2 111
1 11
4 7 65 1 1 1 3 1 29 1 1 3 1
8 1 1 1 2 1 1 1

CLASSIFICATION OF BANKS BY CAPITALIZATION AS OF DECEMBER 31, 1948

Exhibit "S,.

Capital
$ 15,000.00 20,000.00 25,000.00 28,000.00 30,000.00 35,000.00 40,000.00 50,000.00 55,000.00 62,500.00 65,000.00 75,000.00 80,000.00
100,000.00 110,000.00 125,000.00 150,000.00 175,000.00 200,000.00 250,000.00 325,000.00 400,000.00 500,000.00 750,000.00 850,000.00 2,000,000.00

Total Capital
$ 345,000.00 40,000.00
2,775,000.00 28,000.00 330,000.00 140,000.00
280,000.00 3,250,000.00
55,000.00 62,500.00 65,000.00 225,000.00 80,000.00 2,900,000.00 110,000.00 125,000.00 450,000.00 175,000.00 1,600,000.00 250,000.00 325,000.00 400,000.00 1,000,000.00 750,000.00 850,000.00 2,000,000.00

Total Resources
$ 14,175,311.83 992,259.59
116,673,030.15 1,197,792.88
11,545,223.59 3,155,093.41
14,682,227.45 140,350,015.31
518,724.77 1,044,017.85
809,817.58 8,263,490.48 2,172,762.19 98,083,245.33 7,376,905.94 3,108,265.67 24,421,829.58 6,108,613.73 65,442,338.57 10,240,235.95 6,200,012.70 12,683,911.43 38,051,888.71 28,355,125.43 29,436,559.37 113,070,088.7 4

Exhibit "T'

SUPERINTENDENTS OF BANKS, DEPARTMENT OF BANKING STATE OF GEORGIA

Date of

Date Service

No. Name

Appointment

Ended

1 T. R. Bennett__________________ November 17, 1919 January 1, 1927

2 A. B. Mobley__________________ January 1, 1927

September 24, 1931

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

4 R. E. Gormley_________________ January 1, 1932

October 6, 1936

5 R. R. Tippins __________________ October 6, 1936

January 11, 1937

6 John C. Beasley--------------- January 11, 1937 7 R. E. Gormley_________________ January 25, 1937

January 25, 1937 January 1, 1940

8 C. B. Golsan, Acting Supt.______ January 1, 1940 9 John C. Beasley _______________ January 14, 1941

January 14, 1941 March 21, 1947

10 0. G. Jackson----------------- March 22, 1947

November 18, 1949

11 A. P. Persons _________________ November 18, 1948

TWENTY-NINTH ANNUAL REPORT

1

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, 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 ..

227,890.80 600,500.00
1,000.00 None None
251,076.12 2,969.37 None
None None 1,098.95

Total Assets ................... - $ 1,084,535.24

LIABILITIES Demand deposits ................................... $ Time deposits _____
Deposits of U. S. Government ......... Deposits of States and political sub-
divisions ---------------------------------------------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 .

718,683.30 265,511:84
None
18,483.44 None
996.14 None
None 2,500.00 25,000.00 15,000.00 35,125.14 3,235.38

Total Liabilities....

.. $ 1,084,535.24

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, including reserve balance, and cash items in process of collection ______ $
United States Government obligations. direct and guaranteed _________

Obliga!i'!n." of States and political

SUbdlVlSlOllS

---- ----

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

228,651.49 543,000.00
1,000.00 None
1,500.00 336,570.06
1.00 None
None None None

Total Assets .

$ 1,110,722.55

LIABILITIES Demand deposits ........................ $

Time deposits ___

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

Deposits of U. S. Government

Deposi!s. _of States and political

SUbdiVISIOns -------- _____

-----------

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

Other deposits (certified and offi-

cers' checks, etc.) _-----------------------Bills payable............................................

Acceptances executed by or for

account of this bank and out-

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

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

Capital - Surplus ..................................................

Undivided profits .

Reserves

665,833.19 332,191.46
3,827.75
25,223.49 None
925.42 None
None None 25,000.00 25,000.00 32,721.24 None

Total Liabilities ...

.. $ 1,110,722.55

2

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

ADEL BANKING COMPANY Adel, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed ___________
Obliga!i'?n.s of States and political subdtvtstona ------------------- _________________
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 outsta,nding..................
Other assets...........................................

307,080.11 585,500.00
4,680.00 None None
677,614,80 18,062.44 None
None None 3,423.63

LIABILITIES Demand deposits.................................. $ Time deposits.. ------------------------------------Deposits of U. S. Government ......... Deposi!" .of States and political
SUbdtVlSIODS ----------------------------------
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 ---------------------------------------

1,238,219.01 112,387.79 10,242.39
55,224.81 8,389.12
3,926.31 None
None 5,000.00 50,000.00 50,000.00 52,971.55 10,000.00

Total Assets ............................... $ 1,596,360.98

Total Liabilities ........................ $ 1,596,360.98

STATEMENT Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Adel, Ga.

As called for by the Superintendent of Banks

H. W. NELSON,
President. Date of Charter: 12-11-1947

W. J. HARRIS, Assistant Cashier.
Began Business: 1-15-1948

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
BUbdlVlSlODB ------------------------------------
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 ....................._ ........... $

157,146.02 25,000.00 None None None 154,782.74 7,920.76 None
None None 6,960.63 360,810.15

LIABILITIES Demand deposits................................ _$
Time deposits --------------------------------------Deposits of U. S. Government .. Deposi~s. .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 --------------------------------------------Capital .................................................... Surplus .................................................... Undivided profits....................................
Reserves -------------------------------------------------

194,998.76 10,182.00 None
37,4~8.35
43,931.77
1,661.79 None
None 50,000.00 10,000.00 2,597.48
NOne

Total Liabilities .......................... $ 350,810.16

TWENTY-NINTH ANNUAL REPORT

3

STATEMENT

Showing condition at the close of business December 31, 1948, of

MONTGOMERY COUNTY BANK Ailey, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed
Obliga~o':'~ of States and political

SUbdtVISlODS ------------------

---------

Other bonds, notes, and debentures..

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ---------

Bank premises owned, furniture and fixtures ______________________________________

Real estate owned other than bank

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

Total Assets __________

- $

147,391.34 278,000.00
3,000.00 None None
67,433.43 1.00
2,250.00
None None None 498,075.77

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 -------

423,968.11 5,619.61 None
10,255.90 10,308.25
20,173.90 None
None None 15,000.00 10,000._00 1,550.00 1,200.00

Total Liabilities ----- ------- $ 498,075.77

STATEMENT

Showing condition at the close of business December 31, 1948, of

WHEELER COUNTY STATE BANK Alamo, Ga.

As called for by the Superintendent of Banks.

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

R. U. BELL, Cashier.
Began Business: 1-17-1945

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

United States Government obligations, direct and guaranteed_
Obliga~i'?":" of States and political

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

Corporate stocks (including stock of

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

Loans and discounts (including

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

Bank premises owned, furniture and

fixtures

_____________ _

Real estate owned other than bank

premises ------------------Investments and other assets indi-
rectly representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................

Other assets--------

Total Asset------ ..... $

121,667.04 160,987.95
None None None 118,115.18 778.11 None
None None None 401,548.28

LIABILITIES

Demand deposits .

___ $

Time deposits........__________________________________

Deposits of U. S. Government Deposits. _of States and political
subdiVlSlODS ---------------------------------------Deposits of banks.................................. Other deposits (certified and offi. Biellesrps'aycahbelcek___s_,_____e_t_c__.)_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-

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

278,663.10 None
2,751.25
70,262.58 None
6,829.48 None
None 4,138.45 25,000.00 5,000.00 6,903.42 2,000.00

Total Liabilities.............................. $ 401,048.28

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ALAPAHA Alapaha, Ga.

As called for by the Superintendent of Banks.

J. P. CULPEPPER, Exec. V.-President.
Date of Charter: 3-4-1905

CHAS. A. MATTHEWS,
Cashier. Began Business: 3-25-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection~~~~-~~ $ United States Government obligations, direct and guaranteed~-~~~~~~~
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~~~~~ ~~~~~~~~~-~~~~--~ ....... $

232,380.93 407,395.34
14,204.~0
None None 624,291.55 1,752.04 240.00
None None None 1,280,264.06

LIABILITIES TDiemmeanddedpepoossiitts~~_-_-__-_-_~_-_-_-__-_-_-_-_-__-_-____-__-_-_-__-___-_-____-_--_~_- $

Deposits of U. S. Government ......... Deposi!>'. .of States and political

SubdlVlSlODS ---------------------------------------
Deposits of banks.......~~~-----------~~----~-~ Other deposits (certified and offi-
Bilclesrps'aycahbelcek..s__,____e_t__c_._)___-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-__-__--

Acceptances executed by or for

account of this bank and out-

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

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

Surplus

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

Undivided profits ~~~~~~~--~------------~--

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

668,678.46 343,279.78
3,869.50
90,155,71 13,429.79
6,602.04 None
None 13,786.00 30,000.00 60,000.00 42,736.07 7,726.71

Total Liabilities -----------~~~---- $ 1,280,264.06

STATEMENT

Showing condition at the close of business December 31, 1948, of

ALBANY TRUST & BANKING COMPANY Albany, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

eluding reserve balance, 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.............~

106,547.01 None None None None
1,030,022.42 18,214.82 None
None None 137.70

Total Assets_-------~-----~ ____ $ 1,154.921.95

LIABILITIES Demand deposits......----~----------------- $ Time deposits _____________ ------------------------Deposits of U. S. Government........ Deposi!>' ..of States and political
subdlVJSlODS .............................
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 762,934.00
None
None None
None Nolle
None 184,882.77 100,000.00
50,000.00 57,105.18
None

Total Liabilities

...... $ 1,154.921.95

TWENTY-NINTH ANNUAL REPORT

5

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

W. D. OWENS, President.
Date of Charter: 3-9-42

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

ASSETS Cash. balances with other banks, in-
eluding reserve balance, and cash 'items in process of collection ________ $ United States Government obligations, direct and guaranteed._________ Obliga!i'?n_s of States and political
SUlMilVlSIODS ..
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
Inpvreesmtmiseenstsa-ndothe-ur -asse--t-s---indi-
rectly repretleJlting bank premise or other real estate.......................... Customers' liability to this bank on Otahcecreptaasnsceetss__o__u___t_s__t_a__n__d__i__n__g__._._._._._._._._._.__._._._._.__
Total Assets ___________________________________ $

979,402.07 965,692,86
None None None 1,235,387,83 29,055.16 None
None None 4.792 ..15 3,214,330.07

Demand deposits___L__I_A___B__I_L___I_T__I_E___S______ $
TDiempoesidtes poofsitUs .....S.......G..-o--v-e--r-n--m--e--n-t-_-_-__-_-__-_-_-_ Deposi!". _of States and polltical
SUbdtV1810DS --------------------------
Deposits of banks..----------------------------Other deposita (certified and offi-
cers' checks, etc.)---------------------------Bills payable...---------------Acceptances executed b:y or for
account of this bank and out Otshtaenr dilnigab-i-l-it-ies_____-__-_-_-__-_________-_-_-____________
Debentures --------------------------Capital ------------- SUunrdpilvuisded--p---r-o--f-i--t-s--_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves ------------------------------------------------

1,769,538,70 992,280.42 35,525.87
150,000.00 20,000.00
14,407.75 None
Nona 9,347.57 65,000.00 50,000.00 50,000.00 41,374.41 16,855;35

Total Liabilities

--- $ 3,214.330,07

STATEMENT Showing condition at the close of business December 31, 1948, of
THE CITIZENS & SOUTHERN BANK OF ALBANY Albany, Ga.
As called for by the Superintendent of Banks.

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

EMORY LEWIS,
Cashier. Began Business: 6-1-1943

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash Items in process of collection_______ $
United States Government obligations, direct and guaranteed
Obliga!i~n.s of States and political subdtvtslons ------------------------------------
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 asset1 lndi
rectl:y representing bank premises or other real estate.......................... Customers' liability to this bank on
acceptances outstanding....------Other assets....-------------------------------

1,904,510.83 3,682, 795,02
261,051.40 44,783.06 None
4,148,322. 66 184,7 49.53 None
None None 14,023.45

Total Assets ___________________ _

- $ 10.240,235.95

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
subdtvtstons ------------ Deposits of banks..--------------------------Other deposita (certified and offiBicllesrPs'aYcahbelcek_s_, _e_tc_.)_--_--__-_--_--_---_--_--_---
Acceptances executed b:y or for account of this bank and outstanding ----------------------
Other liabilities----------------------------------Capital -------------------------------Surplus --------------------------------------------~Undivided profits -------------------------Reserves ----------------------------------

6,470,650.89 1,655,622:61
170,458.18
496,153.67 775,603;23
31,297,60 None
Nona 126,755.90 250,000.00 175,000.00
69,374:09 19,319:78

Total" Liabilities_.__________________ _____ $ 10.240,235.95

6

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

FIRST STATE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

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

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

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

2,637,962,62 2,727,831.82
424,049.35 380.00 None
5,136,183.83 46,727.76 None
None None 3,415.19

LIABILITIES
~f:e8~~P~:ft~5-~~~-~~~~~~~~~~~~~~~=~~~~~~~~~~~~~~~~~~ $
Deposits of U. S. Government______ Deposi~s. _of States and political Despuobsdittvststoofns b--a--n-k---s----_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offiBicllesrps'ayacbhleec_k__s_,_____e_t_c_._)_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_---
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ---------------------------------Capital ----------------------------------------------SUunrdpilvuisde-d--p--r-o--f-i-t-s-_-__-_-__-_-__-_____-_-____-_____-_-__-______-_
Reserves ---------

5,802,065.15 1,691,859:76
96,394,46
534,905.42 2,141, 722.14
17,563.66 None
None 94,060.89 160,000.00 250,000.00 153,992.31 43,986.89

Total Assets _________________ ---------------$ 10,976,650.57

Total Liabilities_______ -------------------$ 10,976,550,57

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE FOUR COUNTY BANK Allentown, Ga.

As called for by the Superintendent of Banks.

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

JOHN E. FREEMAN,
Cashier. Began Business: 9-15-1941

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in process of collection ...... $ United States Government obligations, direct and guaranteed _______
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............................................

521,586.32 600,000.00
None None None 297,789.63 4,665.00 None
None None None

Total Assets ____________________ ------------ $ 1,823,940.95

Demand deposits ___L___I__A___B___I__L___I_T___I__E__S_________ $

Time deposits ______________ ------------

Deposits of U. S. Government

Deposits of States and political

subdivisions

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

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

Other deposits (certified and offi.

Bilclesrps'ayacbhleec_k__s_,_____e_t_c__.)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-

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

SCuarppiltuals --------------_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_---------------

Undivided profits____ -------------------------Reserves -----------------------------------------

981,236.78 174,337.08
6,922,25
52,651,59 26,670,40
1,326.03 None
None None 26,000.00 25,000.00 22,097.78 8,699.09

Total Liabilities _ ------------------------- $ 1,323,940.95

TWENTY-NINTH ANNUAL REPORT

7

STATEMENT
Showing condition at the close of business December 31, 1948, of ALMA EXCHANGE BANK Alma, Ga.

As called for by the Superintendent of Banks.

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

J. J. JONES, Cashier.
Began Business: 10-14-1939

ASSETS

Cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed _________

Obliga~i'?~s of States and political subdiVISIOns .......................................

Other bonds, notes, and debentures..

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

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

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

rectly representing bank premises

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

acceptances outstanding....- ............ Other assets...............

501,483.85 204,311.00
None None None 428,396.84 20,000.00 None
None None None

Total Assets ---------------------- ___________ $ 1,154,191.69

LIABILITIES Demand deposits.................................... $ Time deposits...............------------------ Deposits of U. S. Government.......... DeposiJ:s . !'f States and political
subdJVISJODS ---------------------------------
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 ..................................................

816,854.18 165,947.30
5,475,36
55,036.54 3,878.31
None None
None None 50,000.00 50,000.00 7,000.00 None

Total Liabilities

.......... $ 1,154,191.69

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF COMMERCE Americus, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

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

United States Government obliga-

tions, direct and guaranteed

Obligat_iop~ of States and political

subdivisiOns ..........

___________

Other bonds, notes, and debentures .
Corporate stocks (including stock of Federal Reserve Bank)....................
Loans and discounts (including overdrafts) _________________ ___________________

Bank premises owned, furniture and

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

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

Total Assets ______________________________ $

1,211,341.85 2,783,405.85
144,041.27 22,788.60 None
1,684,688.74
15,000.00 None
None None None 5,861,266.31

LIABILITIES Demand deposits.................................. $

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

Deposits of States and political

Jio.,Ubdivisions

_______ -----------------------

Deposits of banks __________ -----.. _________ _

Other deposits (certified and offi-

Bilclesrps'aycahbelcek_s__,___e_t_c__.)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities......................................

Capital ----------------------------------- Surplus .................................................... Undivided profits..................................

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

3,448,433.34 1,082,556. 76
75,336._37
368,831.06 176,809.94
1,227,72 None
None None 100,000.00 200,000.00 228,571.12 179,500,00

Total Liabilities--------------------------$ 5,861,266.81

8

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of
CITIZENS BANK OF AMERICUS Americus, Ga.

As called for by the Superintendent of Banks.

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

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

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

788,93L72 718,664.69 139,338.01
None None 1,779,345.69 19,829.72 None
None None None

Total Assets ..--- ~- $ 3,446,099.83

LIABILITIES Demand deposits...------- $ Time deposits ~----- Deposits of U. S. Government.....~ Deposi~. .of States and political
subdiVISions ------------------------------Deposits of bank-- Other deposits (certified and offiBicllesrps'aycahbelcek_s_, _et_c._) _~--_-_-_-_-_-_-_---
Acceptances executed by or for account of this bank and out-
Otshtaerndilnigabilities___________-...-..-.............-..
Capital -------
SUunrdpilvuisdedprofits.........-....-- Reserves -----------------------------------------------

2,182,641.92 767,406.92 44,002:16
203,782.64 23,918.68
16,138.27 None
None 20,880.32 100,000,00 60,000.00 32,383.97 16,000,00

Total Liabilities~-~-- ..................... $ 3,446,099.88

STATEMENT

Showing condition at the close of business December 31, 1948, of

BOSTWICK BANKING COMPANY Arlington, Ga.

As called for by the Superintendent of Banks.

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

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

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

Total Assets

~~~~~---~~~ $

275,987.86 331,918,91
6,000.00 None None
219,983.03 7,501.20 None
None None None 841,890.99

LIABILITIES Demand deposits...----~-- $ Time deposits~~~~--~-~--- Deposits of U. S. Government~~~ Deposi~. _of States and polltical
SUbdJVISIOllS ---------------------------------~-
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 --------------------------------------------

690,787.13 42,183.29 8,442,60
40,207.79 None
None None
None 4,891.46 15,000.00 31,000.00 1,110.47 8,318.36

Total Liabilities --~-~-.. $ 841,390.99

TWENTY-NINTH ANNUAL REPORT

9

STATEMENT

Showing condition at the dose of business December 31, 1948, of

ASHBURN BANK Ashburn, Ga.

As called for by the Superintendent of Banks.

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

NELLIE C. BOLAND, Asst. Cashier.
Began Business: 7-1900

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection_____ $
United States Government obliptions, direct and guaranteed_
Obliga!i'?n.s of States and political
subdtVlSlODS ------------ ---------------------------
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserv.e Bank) .................... Looavnesrdraanftds) d_i__s__c__o__u_,n._t_s________(_including
Bank premises owned, furniture and
fixtures ----------------------------..----------Real estate owned other than bank
premises .............................................. Inveotments and other assets Indi-
rectlY representing bank premisea or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets ...............................-----------

1,513,588.86 441,487,69 None None None 521,696.33 3,118._83 100.00
None None None

Total Assets ____ ------------------------$ 2,497,941.71

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
SubdtVlSlODS --------------------------------------
Deposits of banks.................................. Other deposits (certified and offl.
cers' checks, etc.)-------------------------Bills payable....----------------- Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities ............._.____________....... Capital ................_ ................................. Surplus , _______________................................ Undivided profits ________________.._______________
Reserves ------------------------------------------------

1, 778,940.61 464,704.66 1,327.42
54,969,02 None
3,909.36 None
None 7,525.11 50,000.00 '15,000._00 43,565.63
None

Total Liabilities.......................... $ 2,479,941. 71

STATEMENT Showing condition at the dose of business December 31, 1948, 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 hanks, In-
cluding reserve balaneeB, and cash items in process of collection........ $ United States Government obllptions, direct and guaranteed.___________
Obliga!i'!n.s of States and political subdtvtstons ------------------------------------
Other bonds, noteo, 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_______________,.___________________ $

615,739.56 312,500.00
5,300.00 None None
319,497.31 8,666.32 None
None None None 1,261,703.19

Demand deposits___L__I_A__B___I_L__I_T__I__E__S..___ $ Time deposits................_...________________
Deposits of U. S. Government........._ Deposits of States and political
subdivisions -------------------------------Deposits of banks.........--................._____ Other deposits (certified and offiBilclesrps'aycahbelcek_s_,__e_t_c._)_--_--_-_--_--_-_--_-_--_--_-_--_---
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities......................................
SCuarppitlauls --..-.-..-..-..-.-..-..-..-.-..-_.-._-_-_-__-__-_-__-_-__-_-_-_-_-_-__
Undivided profits..................................
Reserves .........-----------------------..--..

929,148.90 172,982;12
4,161.13
32,105.19 5,455.11
13,531.46 None
None None 25,000.00 70,000.00 9,319.28 None

Total Liabilities__________________________ $ 1,261,703.19

10

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 194~. 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, in-

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

United States Government obligations, direct and guaranteed________

Obliga~i<:ns of States and political

subdtv1s1ons ----------- 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--------------------------------

395,274.90 1,567,211.37
None None None 4,256,337,19 155,478.79 None
None None None

Total Assets ____ --------------------------------- $ 6,374,302.25

LIABILITIES Demand deposits ---------------------------- $ Time deposits .. _____ ------------------------------Deposits of U. S. Government ________ Deposi~. .of States and political
SUbdlVlSIOnS ------------------------------Deposits of banks--------------------------------Other deposits (certified and offiBicllesrs' pcahyeacbkles,___e__t__c__._)__._._._._._._._.._._._._._._._._._._._._._._._._._._._._._._
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ----------------------------------Capital --------------------------------- ------------------SUunrdpilvuisde-d-----p---r-o--f--i-t-s--_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_
Reserves

708,906.67 3,618,166.01
20,304.45
None None
None 400,000.00
None None 200,000.00 100,000.00 100,039.63 1,226,885:59

Total Liabilities------------ ______________ $ 6,374,302.25

STATEMENT

Showing condition at the close of business December 31, 1948, 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

JOEL H. KING,
Cashier. Began Business: 12-1-1941

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash items in process of collection _ _$

United States Government obligations, direct and guaranteed _

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__________________________________________

1,422,105,94 1,964,448,23
None None None 2,631,684._42 80,372,10 None
None None 10,003.04

Total Assets_________________________________ $ 6,108,613.73

Demand deposits___L___I_A____B___I_L___I__T___I_E___S_________ $
Time deposits-------------------------------------Deposits of U. S. Government ___
D~~'bsJf!isi~~s s_t~j;e~---~-~~----~~~i~c-~~
Deposits of banks ________________________________
Other deposits (certified and offiBilclesrps'ayacbhleec_k__s__,_____e_t_c__._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities............________________________
Capital -----------------------------------------SUunrdpilvuids e-d-----p--r-o--f--i-t-s---_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_
Reserves -----------------------------------------------

3,517,021.95 1,819,510:77
29,491,59
11o2o5,,o0o0o0:.o0o0
168,093.93 None
None 75,141.28 176,000.00 60,000.00 27,612.19 11,742:02

Total Liabilities________________________ $ 6,108,613.73

TWENTY-NINTH ANNUAL REPORT

11

STATEMENT
Showing condition at the close of business December 31, 1948, 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 __

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

2,902,908.13 2,004,623.61
179,304.86 260,293.84
None 7,201,910.93
72,991.59 None
None None 71,878.47

Total Assets------------------------------- $ 12,683,911,43

Demand deposits ___L___I_A___B___I__L__I__T___I_E___S________ $

Time deposits

____ _

Deposits of U. S. Government.

Deposi1;8 . ?f States and political
SUbdJVlSlOTIS ---------------------------~-----
Deposits of banks------------- __ Other deposits (certified and offi-
Bicllesrs' pacyhaebclkes_,_____e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-

Acceptances executed by or for

account of this bank and out-

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

Other liabilities _

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

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

Surplus

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

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

Reserves

3,602,622.91 5,611,669.85
45,056.35
1,928,120..42 32,106.25
91,740.11 None
None 491,284.50 400,000.00 250,000.00 138,484.04
92,827.00

Total Liabilities

--- --- $ 12,683,911.43

STATEMENT
Showing condition at the close of business December 31, 1948, 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-

Demand deposits___L___I_A___B___I__L___I_T___I__E___S________ $

cluding reserve balances, and cash

Time deposita ---------------------~---------------

items in process of collection....~ $ 630,619.64

Deposits of U. S. Government______

United States Government obliga-

Deposi~s. .of States and political

tions, direct and guaranteed _______ Obliga~i~n.s of States and political
subdlVlSIOTIS -----------------------------
Other bonds, notes, and debentures Corporate stocks (tncluding stock of

1,568,226,90
147,914.49 55,649.11

SubdiVISIOnS ---------------------------
Deposits of banks-------------..------------- Other deposits (certified and offiBilcles rsp' aycahbelcek__s__,_____e__t_c_._)__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-

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

7,750.00

Acceptances executed by or for

Loans and discounts (including

account of this bank and out-

overdrafts)

--------------------- 1,654.707.44

Bank premises owned, furniture and

Otshtaenr dinligab-il--i-t-i.e..s-._._.___.._____,________,_____________-_-_-__..___-_-_-_._._-_-_

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

51,179.68 1.00

Capital ______________ ----------------------------SUunrdpilvuisded pr-o--fi-ts--_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-___________

Investments and other assets indi-

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

rectly representing bank premise& or other real estate___,________,_____....___,

None

Customers' liability to this bank on

acceptances outstanding___, __,_____.....

None

- - - - - Other assets___________________ -----------------

22,919.75

Total Assets________________ ------------------ $ 4,038,968.01

Total Liabilities___________________________ $

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

1,327,383.23 2,270,765.86
40,636.88 10,000.00
None 27,651.73
None
None 45,775.64 200,000.00 67,500.00 35,356.67 24,ooo;oo
4,038,968.01

12

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 hanks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed ____________
Obliga~i'!n.s of States and political
subdlVlSlODS --------------------------------------
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........ -------------------Bank premises owned, furniture and
fixtures ............................. -------------- .. Real estate owned other than bank
premises .................u Investments and other assets indi-
rectly representing bank premise~~ or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

1,029,255,19 979,500,00 26,000.00 None None
2,573,355,44 95,09_4.26 None
None None None

Total Assets. ________

. --- $ 4,703,204.89

LIABILITIES Demand deposits.................................. $ Time deposits_____________________________________
Deposits of U. S. Government........ Deposi~. _of States and political
suhd1vtstons ------------------------------------Deposits of banks.................................. Other deposits (certified and offiBicllesrps'aycahbelcek._s,__e_t_c_.)_--_-_--_-_--_--_-_--_-_--_-_--_-_--_--_-_--_
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities.--------------------------------Capital ------------------------------------Surplus -----------------------------Undivided profits....................................
Reserves ------------------------------------

2,281,729._21 1,697,199.09
49,446.89
299,702.00 None
40,491.17 None
None 31,233.75 100,000.00 100,000.00 103,403.28
None

Total Liabilities------------- $ 4,703,20_4,89

STATEMENT

Showing condition at the close of business December 31, 1948, of
GEORGIA SAVINGS BANK & TRUST COMPANY Atlanta, Ga.
As caJled 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...... $ 1,296,904.01

United States Government obliga-

tions, direct and guaranteed ......... 7,078,217.81

Obliga~i'!n.s of States and political subdtvtstons ----------------------------
Other bonds, notes, and debentures

408,646.68 291,198.28

Corporate stocks (Including stock of

Federal Reserve Bank) .................... 815,771.90

Loans and discounts (including

overdrafts) ------------------------------- 10,127,586.10

Bank premises owned, furniture and

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

165,001.00

Real estate owned other than bank

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

1.00

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--------------------------------- $ 19,683,826.78

LIABILITIES

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

None

Time deposits.......---------------------------- 15,647,571.28

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

22,90,1,.89

Deposi~. .of States and political

subdtvtstons -----------------------------

25,000.00

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

337,500.00

Other deposits (certified and offi-

Bicllesrps'aycahbelcek_s_,__e_tc_._)_--_-_-_-_--_-_-_--_-_-_-_--_-_-_--_-

543.00 None

Acceptances executed by or for

account of this bank and out-

Otshtearndilnigabi..l.i.t..i.e..s.._._._._._._._._._.._._._._._._._._._._._.._._._._._._._._._._.._._._

None 1,885,254.51

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

500,000.00

Surplus -------------------------------------Undivided profits..................................

750,000.00 214,553.10

Reserves ----------------------------------------------- 300,000.00

Total Liabilities ---------------- ---------- $ 19,683,326.78

TWENTY-NINTH ANNUAL REPORT

13

STATEMENT

Showing condition at the dose of business December 31, 1948, of

THE PEOPLES BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

C. B. WHITAKER,
President. Date of Charter: 8-13-1935

T. B. McLEOD,
Cashier. Began Business: 8-31-1935

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 1V1810ns ------~---------------------------
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 hank on acceptances outstanding...~.............. Other assets-~----------------------------------

410,006.97 1,573,356,69
158,807.64 None None
3,378,680.~99
9,936,83 None
None None 40,275.84

Total Assets~------------------------- $ 5,571,064.86

LIABILITIES Demand deposits______ -~-------------------- -~ $ Time deposits ------------------------Deposits of U. S. Government-~------- Deposi!". pf States and political
subdtVlSIODS -------------------------------------
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 --------------------------------------------

866,694.31 4,246,233.07
None
25,000,00 None
6,360.99 None
None 33,941.90 200,000.00
1oo,ooo:oo
92,834:69 None

Total Liabilities --~--------------- --- $ 5,571,064.86

STATEMENT

Showing condition at the close of business December 31, 1948, 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-

eluding reserve balances, and cash

items in process of collection~---- $

United States Government obliga-

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

Obligations of States and political

subdivisions ........................................

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ---------------~-----------------------

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

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

Investment and other assets Indi-

rectly representing bank premises

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

Customers' liability to thie bank on

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

Other assets~-----------------------------

Total Assets _________________________________ $

69,885.94 None None None None
1,232,644.11 1,666,50 None
None None 1,722.36 1,805,868.91

LIABILITIES Demand deposits~-------------------------- $ TDiemp oe s i tdsepoofsiUts-. --S--. --G--o--ve-r-n-m---e-n--t-__-_-__-_-___

Deposi!". _of States and political

SubdtVlSlODS --------------------------
Deposits of banks......................._.......... Other deposits (certified and offi-
Bicllesr s ' pcahyeacbklse,___e__t__e__._)_._._._._._._._._._._._._._._._._._._._._._._....... .

Acceptances executed by or for

account of this bank and out-

stan Other

dliinabgilities..............~~

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

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

Undivided profits~~-----------------------

Reserves _______ ------------------------------------------

1,037,500.00 None None
None None
None 19,059.26
None None 50,000.00 10,000.00 91,482.88 97,827.27

Total Liabilities ~~-------

----- $ 1,305,868.91

14

DEPARTMENT OF BANKING

STATEMENT

Showing condition at tlte close of business ~mber 31, 1948, 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 __________ $
United States Government obligations, direct and guaranteed -----------
Obliga!i'?n.s of States and political
subdlVISlOOS --------------
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................u Customers' liability to this bank on acceptances outstanding.................. Other assets _________________ ------------------------

599,263.63 1,259,040.12
242,759.74 None None
1,080,455.29 31,559.00 None
None None 37,483.58

Total Assets ----------------------- ___________ $ 3,250,561.36

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

DesupbodstiVtsISoIOf ObSan-k--s-_-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-

Other deposits (certified and offi-
cers' checks, etc.) -----------------------Bills payable _______ --------------------- ______
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ---------------------- _________

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

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

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

Reserves

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

1,571,626.89 1,325,580.84
17,549.86
36,000.00 None
39,531.95 100,000,00
None 2,813.75 50,000.00 50,000.00 45,930.02 12,528.06

Total Liabilities______ --------------- $ 3,250,561.36

STATEMENT Showing condition at the close of business De<:ember 31, 1948, 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

W. S. WOODS, Vice-President. Began Business: 11-8-1891

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ---------$ 41,221,376.34

United States Government obliga-



tions, direct and guaranteed__________ 17,697,503.74

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

subdtvtstons ------------------------

-- 3,074,594.85

Other bonds, notes, and debentures

360,918.06

Corporate stocks (including stock of

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

210,000.00

Loans and discounts (including

overdrafts) _____ __

48,332,809.34

Bank premises owned, furniture and

fixtures ___ _______

_

1,542,280.20

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.................. Other assets___________________________________________

None 630,606.21

LIABILITIES Demand deposits _________________________________ $ 67,476,844.55

Time deposits --------- -------------------------- 1,147,789.79 Deposits of U. S. Government______ 2,112,845.08

Deposi?'. _of States and political

subdlVlSlOnS

______ --------------------- 4,660,549.60

Deposits of banks_____________________________ 23,339,697.86

Other deposits (certified and offiBicllesrps'aycahbelcek_s_,___e_t_c__._)_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_
Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigab.i.l.i..t.i.e..s.._._._._._._._.._._._._._._._._._._._._.._._._._._._._._._._._.._._._
Capital ---------------------------------SUunrdpilvuids e-d---p--r-o--f--i-t-s-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_
Reserves ----------------------------------.------------

3 , 2 9 5 , 9 9 8 . 78 None
None 1,345,206.96 2,000,000.00 5,000,000.00 1,776,652.70
914,503.52

Total Assets___________ ------------------------ $113,070,088.74

Total Liabilities______________________ $113,070,088.74

TWENTY-NINTH ANNUAL REPORT

15

STATEMENT Showing condition at the close of business D~ember 31, 1948, 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 --------- $ 7,178,877.41

United States Government obliga-

tions, direct and guaranteed

6,360,570.80

Obligations of States and political

subdivisions ----------------- _ ___________ _

2,458,542.81

Other bonds, notes, and debentures

248,782.30

Corporate stocks (including stock of

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

55,500.00

Loans and discounts (including

overdrafts) _____ ------------------------------- 11,577,558,67

Bank premises owned, furniture and

fixtures ______ -------------------

_____ 324,708.27

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

33,000.00

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

117,585.17

Demand deposits ___L___I_A____B___I_L___I__T___I_E___S_________ $ 12,519,184.41 Time deposits _______________,. ____________________ 7,795,-!89.37

Deposits of U. S. Government ________

235,020,22

Deposi~. _of States and political

subdiVISlODS -------------------------

2,093,195.63

Deposits of banks _____ -------------------------- 3,295,599.76

Other deposits (certified and offi-

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

146,625.46

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

None

Acceptances executed by or for

account of this bank and out-

O tshtearn dliinagb i l i t i e s _____________-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_

33,000.00 191,888.14

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

750,000.00

Surplus

--------------------------------------- 1,200,000.00

Undivided profits ____ ---------------------------

95,122.44

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

None

Total Assets ----------------------------------- $ 28,355,125.43

Total Liabilities-------------------------- $ 28,355,125.43

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obligations, direct and guaranteed _
Obliga~i'?~s of States and political subdivtslons ........................................
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 premise& or other real estate..........................
Customers' liability to this bank on Otahcecreapstsaentcse__s____o__u___t_s__t_a__n___d__i_n___g__..................

407,138.58 730,183,60
None 4,142,64
None 4,394,964,07
18,761,37 7,703.00
None None 10,362.61

Total Assets - ------------------ ------------- $ 6,573,186.77

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-
Otshtearndliinagbil-i-t-i-e-s--_-_-____-_______________________-_-_-_-___

Capital ---------------------------------------Surplus ----------------------------------- Undivided profits ______ ----------------------------Reserves ____ -----------------------------------------

None 5,032,244.41
6,167.18
None 6,000.00
None None
None 155,00 100,000.00 200,000.00 120,869.18 108,75o:oo

Total Liabilities______ -------------------- $ 6,573,185. 77

16

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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: 1-10-1910

ASSETS

Cash. balances with other banks, In-

eluding reserve balances, and cash items in process of collection~~~------- $

United States Government obligations, direct and guaranteed.~-~----

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

208,458.~59
1,120,400.00 29 ,292 ~55 None None 225,097.78 1,400.00 None
None None None

Total Assets_____________ .- ..---------- $ 1,584,648.92

LIABILITIES Demand deposits...............------------------- $ Time deposits-------------------------------Deposits of U. S. Government. ___________
Deposi~. .of States and political

subdlVlSlODS ----------------------------------
Deposits of banks..----- -------------Other deposits (certified and oftl.Bicllesrps'aycahbelcek_s_,___e_t_c_._)_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_--

Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities......................................

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

Surplus

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

Undivided profits---------------------..----

Reserves .

---------------------- _______

986,568.99 447,494.18
3,569:8o
37,286.71 None
6,127.19 None
None None 50,000.00 35,000._00 18,602.05 None

Total Liabilities..

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
cluding reserve balances, and cash items in process of collection ______ $
United States Government obligations~ direct and guaranteed _______
Obliga~i<?n. of States and political subdJVISlOns ........................................
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~-----------------------------------------

1,585, 793._55 1, 766,891.68
None None 5,100.00 781,971.14 25,440,00 None
None None 5,029.83

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 oftl.-
cers' checks, etc.)------------------------Bills payable------------------------------Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities.___________.,___

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

Su,rplus

. --~~

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

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

2, 704,617.50 836,612.51 34,923.69
293,123.51 88,310.48
17.356.51 None
None 6,268.65 100,000.00 80,000.00 10,028.45
None

Total Assets --------------------------- $ 4,170,226.20

Total Liabilities _____________.._______ --$ 4,170,226.20

TWENTY-NINTH ANNUAL REPORT

17

STATEMENT

Showing condition at the close of business December 31, 1948, 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 collections........ $

United States Government obligations, direct and guaranteed._______

Obligations of Statea and political

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

Other bonds, notes, and debentures

Corporate stocks (including stoek 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 premiletl

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

Customers' liability to this bank on

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

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

197,805.53 576,400.00
10,200.00 None None
239,058.43 3,000.00 None
N~ne
None None

Total Assets..........

-------- $ 1,026,463.96

LIABILITIES Demand deposits ................- ................ $ Time deposits...________________
Deposits of U. S. Government...... Deposi~ . ?f States and political
DespuobsdiiVtsISIoOfDSban-k--s-.-.-.-_--_--_--_--_--_--_--_--_--_--_--_--_--_
Other deposits (certified and ofli Bilclesrps'aycahbeleek..s..,__e_tc_.)-_--_--_--_--_--_--_--_--_--.-.-..-.-
Acceptance executed b)' or for account of this bank and outstanding ..............................................
Other liabilities ...................................... Capital ..................--------------------------Surplus --------------------------------Undivided profits . --------------------------Reserves --------------------------------------.-----~----

765,455.55 None
7,567.25
158,480.68 2,000.00
360.00 None
None None 15,000.00 35,000.00 40,100.48 2,500,00

Total Liabilities .....

$ 1,026, l53._96

STATEMENT

Showing condition at the close of business Deeember 31, 1948, 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!l'!n.s of States and political SUbdlVlSIOnS ------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stoek 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___________________________________________

342,178.80 1,080,976.09
9,719.68 None
5,000,00 364,989.83
3,178.46 None
None None 2,371.61

Total Assets.................................. $ 1,808,414.47

LIABILITIES Demand deposits .................................... $ Time deposits _______________________________, _____

Deposits of U. S. Government ......... Deposit;s . ?f States and political

SUbdtVlSlODS ---------------------------
Deposits of banl<s....................._______ __ Other deposits (certified and off!. Bi!clesrps'aycahbelcek__s_,___e_t_c__._)_._._.._._.._._.._._._.._._.._.____._._________

Acceptances executed by or for

account of this bank and out-

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

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

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

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

Surplus

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

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

Reserves

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

1,320,191. 77 261,358.82 5,328.31
50,107.88 6,620.35
18,077.54 None
None None 14,000.00 75,000.00 32,500,00 711.80 24,518.00

Total Liabilities _

-------------- $ 1,808,414.47

18

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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
eluding reserve balances, and cash items in process of collection ~---- $
United States Government obliga. tions, direct and guaranteed........
Obligations of States and political subdivisions

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ......................

Bank premises owned, furniture and

fixtures

____________________ --------

Real estate owned other than bank

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

475,253.20 750,000.00
4,000.00 23,000.00
3,000.00 630,216.58
6,817.61 None
None None None

Total Assets

............ $ 1,892,287.39

LIABILITIES Demand deposits.................................. $

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

Deposits of States and political

subdivisions

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

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

Other deposits (certified and offi

cers' checks, etc.)-------------------------Bills payable..........- ..............._ .............

Acceptances executed by or for

account of this bank and out-

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

Capital ....................................................

Surplus ...................................................

Undivided profits ..

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

1,067,580.02 437,003.45 5,554.89
47,706.43 93,410.87
9,175.68 None
None None 60,000.06 60,000.00 131,856.05 None

Total Liabilities ............................. $ 1,892,287.39

STATEMENT

Showing condition at the close of business December 31, 1948, of

PEOPLES BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

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

J. A. McDUFFIE, 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-------

Obliga!i'!":s of States and political

subdtVlSlODS ......................................
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 .

.... $

215,728.95 363,889.34
None None None 335,973.57 30,960.00 None
None None 230.62 946,782.38

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 ____ -----------------------------------

514,978.72 213,629.78
9,831.25
93,540.98 None
287.44 None
None None 60,000.00 60,000.00 14,514.21 None

Total Liabilities.............................. $ 946,782.38

TWENTY-NINTH ANNUAL REPORT

19

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF EARLY Blakely, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _____ $
United States Government obligations, direct and guaranteed _______
Obliga!"?";S of States and political subdiV1810DS ~-
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ------ .... -----------Bank premises owned, furniture and
fixtures _____ ______ _
Real estate owned other than bank premises ..............................................
Investn1ents and other assets indirectly representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets__________ -------------

332,911.53 592,333,36
None None None 335,736.03 11,730A2 None
None None 866,18

Total Assets __________ -------------------$ 1,273,577.52

LIABILITIES

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

Time deposits

________ _

Deposits of U. S. Government________

Deposits of States and political

Despuobsdiitvsisoifonbsan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__________________

Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigab-i-l--i-t-i-e--s---_-_-_-_-_-_-_-_-__-_ -----------------_-_-_-__-_

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

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

1,056,339.04 129,000.76 8,870.66
None None
3,346.23 None
None 5,133.22 30,000.00 20,000.00 20,887,61
None

Total Liabilities---------------------------$ 1,273,577.52

STATEMENT

Showing condition at the close of business December 31, 1948, of

FIRST STATE BANK OF BLAKELY Blakely, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Caah, balances with other banks, in-
eluding reserve balances, and cash items in process of collection ___ $ United St:atea Government obligations, direct and guaranteed--------Obligations of States and political subdivisions __________________________
Other bonds, notes, and debentures CoFrepdoerraatel sRteoscekrsve(inBcalnukd)i_n__g____s_t__o__c__k____o_ _f
Loans and discounts (including overdrafts) ------------------------
Bafnixktuprreesmis_e__s____o__w___n__e__d__,__f__u_rniture and
Real estate owned other than bank premises ---------
Investments and other asaets Indiorerctoltyherreprreeaslenetaitnagteb__a___n__k____p___r_e__m____i_a__e_ _s
Customers' liability to this bank on acceptances outstanding..................
Other assets________________
Total Assets ____________________________________ $

1,660,680.63 291,500.00 29,988.88 None None 680,749.19 17,212.37 None
None None
1.00 2,680,132.07

Demand deposits ___L___I_A____B___I_L___I__T__I__E___S________ $

Time deposits ----------------------Deposits of U. S. Government_

Deposits of States and political

subdivisions

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

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

Other deposits (certified and offi-

Bicllesrps'aycahbelcek_s__,___e__t_c_._)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_________

Acceptances executed by or for account of this bank and out-
Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_

Capital ------------------------------------------------Surplus _____________ -------------------------------------Undivided profits ___ Reserves -------------------------------

2,043,177._89 211,270.59 6,553.84
188,795.13 None
4.586.95 None
None 425.43 50,000.00 100,000.00 56,134.63 19,187.61

Total Liabilities __

$ 2,680,132.07

20

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business Deeember 31, 1948, of

FANNIN COUNTY BANK Blue Ridge, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection______ $

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

SUbdiVlSIODS

-------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ----------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate_______________________ _

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

310,8~0.71)
678,687.00 240,865.00
None None 469,165.14 10,000.00
1.00
None None None

Total Assets

.................... $ 1,709,538.90

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 out-

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

Capital ............................-...................-...

Surplus ..............................

Undivided profits.

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

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

646,903.51 879,757.29
10,715.97
70,836.72 3,646.54
9,901.38 None
None 18R.89 25,000.00 30,000.00 32,588.61} None

Total Liabilities

.... $ 1,709,638.90

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE F AR.MERS BANK Blythe, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection__ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

---

Other bonds. notes, and debentures

Corporate stocks (including stock of

FE'deral 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

... $

163,806.44 7,000,00
10,000.00 None None
155,474.24 600.00 None
None None None 336,880.68

LIABILITIES

Demand deposits Time deposits.______

....................... $ ________

Deposits of U. S. Government..

Deposi~s. _of States and political

subd!VlSlOnS --------------- 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

208,747.78 74,323.83 None
8,440.00 14,028.31
825.70 None
None 33.60 15,000.00 10,000.00 581.61 4,949.85

Total Liabilities

..... $ 336,880.68

TWENTY-EIGHTH ANNUAL REPORT

21

STATEMENT Showing condition at the close of business December 31, 1948, of

PEOPLES BANKING COMPANY Boston, Ga.
As called for by the Superintendent of Banks.

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

SUE C. McMURRAY,
Cashier. Began Business: 4-1-1947

ASSETS cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed ________

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................................... $

67,446,76 60,000.00 3,000.00
None None
84,5~1.91
4,913.18 None
None None 371.70 210,262.65

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

176,767,50 None None
None None
None None
None None 26,000.00 5,000.00 2,810.05 675.00

Total Liabilities ........................... $ 210,262.55

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE COMMERCIAL BANK Bowdon, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, In-

eluding reserve balances, and cash

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

United States Government obligations, direct and guaranteed _______

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ......

Bank premises owned, furniture and

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

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

Investments and other assets indi-

rectly representing bank premises

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

Customers' liability to this bank on

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

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

Total Assets _____________________________ $

603,919.41 816,000.00
2,700.00 None None
201,353.00 1,050.00 None
None None None 1,i25,022.41

LIABILITIES Demand deposits .................................... $ Time deposits....................................... Deposits of U. S. Government........ Deposits of States and political Despuobsditisviosifobnasnks--.-.-_-_-_--_-_-_-_--_-_-_-_--_-_-_-_--_-_-_-_--_-_-_--
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 ----------------------------------------

1,355,012.12 11,480.66 None
125,000.00 None
873.72 None
None None 25,000.00 60,000.00 50,000.00 7,656,01

Total Liabilities .......................... $ 1,626,022.41

22

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BRASELTON BANKING COMPANY Braselton, Ga.

As called for by the Superintendent of Banks

GREEN BRASELTON, SR.,

JOHN 0. BRASELTON, SR.,

President.

Cashier.

Date of Charter: 12-13-1948

Began Business: 12-18-1948

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

subdtvtswns --------------------------------------

Other bonds, notes, and debentures__

Corporate stocks (including stock of

Federal Reserve Bank) _

Loans and discounts (including

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

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

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

Investments and other assets indi-

rectly representing bank premises

or other real estate-----------------------

Customers' liability to this bank on

acceptances outstanding ---------------Other assets____________________________

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

102,717.02 145,000,00
None None None 18,100,4 7 1,358,40 None
None None 391.55 267,567.44

Demand

LIABILITIES deposits __________________________________

$

Time deposits ______________ --------------------Deposits of U. S. Government _________ Deposi~s. _of States and political

SUbdtVlSlODS --- -----------------------------

Deposits of banks

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

Other deposits (certified and offi-

Bicllesrsp'aycahbelceks, etc.)---_-_-_-_-__-_-_-__~_-_-_-__-_-_-__~_-_-_-__~_-

Acceptances executed by or for account of this bank and out-
Otshtearndilnigabi_l-i-t-i--e-s--_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_----------

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

Surplus

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

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

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

186,378.30 None None
None None
2,722.88 None
None None 25,000.00 53,466.26 None None

Total Liabilities_________________________________ $ 267,567.44

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Brooklet, Ga.

As called for by the Superintendent of Banks

T. E. DAVES, President.
Date of Charter: 2-4-1948

H. M. ROBERTSON, JR., Cashier.
Began Business: 2-17-1948

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

210,305.59 50,161.82 None None None 91,196.7 4 1,125.00 None
None None None 352,789.15

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 outOtshtearndliinabgil-i-t--i-e--s--_-_-_-_-_-_-_-_-_-__________-_-_-_-_------------------

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

Surplus

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

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

Reserves

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

318,589.64 None None
None None
1,547,24 None
None None 25,000.00 6,000.00 1,652.27 None

Total Liabilities -------------------------- $ 352,789.16

TWENTY-NINTH ANNUAL REPORT

23

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obligations, direct and guaranteed ______ Obligations of States and political subdivisions -------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)------------------L ooavnesr dar anfdt s )d i_s__c__o__u__n__t_s_____(__i_n___c__l_u___d___i_n_ g
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 asset--------------------------------------------
Total Assets --------------------------$

698,360.28 494,229.84
25,879.03 25,278.16
None 283,761.31
4,239.90 None
None None None 1,531,748.52

LIABILITIES Demand deposits _________________________________ $

Time deposits______

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

Deposits of U. S. Government...

Deposit_s _ ?f States and political

~uhdlVlSlODS ---~-------- ----------------------

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

Other deposits (certified and offi-

Bilclesrps'aycahbelcek__s__,____e__t_c__._)___-_-_-_--_-_-_-_-_-_-_--_-_-------------

Acceptances executed by or for acM count of this bank and out-
Otshtearndliinagbi-l-i-t--i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-----------

Capital ---------------------------- --------------------Surplus ----------------------------------------------Undivided (Profits Reserves

1,319,907.00 11,262.57 1,395.75
97,397.09 None
2,620.81 None
None 4,000.00 40,000.00 20,000.00 30,010.93 5.154,37

Total Liabilities

--- $ 1,531,748.52

STATEMENT

Showing condition at the close of business December 31, 1948, 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 ------- $ 389,958.34

United States Government obliga-

tions, direct and guaranteed ______ 284,000.00

Obligations of States and political

subdivisions _______ -------------------- --~----

95,231.60

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including overdrafts) _" __"____ "____________________

536,937.56

Bank premises owned, furniture and

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

2.00

Real estate owned other than bank

premises ----------------------------Investments and other asseta indi-

None

roerctoltyherer prreeaslenetsitnagteb__a__n___k____p__r_e__m____i_s__e_a_

None

Customers' liability to this bank on acceptances outstanding__________________

None

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

None

Total Assets ______________________________ $ 1,306,129.50

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 acM

count of this bank and out-

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

Other liabilities"-------------------------------------

Capital ---------------------------------------------Surplus --------------------------- ____________________

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

Reserves

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

809,210.97 73,797.14
2,000.00
295,268.19 None
5,410.11 None
None None 30,000.00 60,000.00 448.09 30,000.00

Total Liabilities___________________________ $ 1,306,129.50

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obliga. tions, direct and guaranteed ___________
Obliga~i~~s of States and political subdxv1B10ns ........................................
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 Otahcecrepatasnsectess____o__u___t_s__t_a__n___d__i__n__g__._._._._._._._._..........
Total Assets ____________________________________ $

241,313.67 609,595.17
None None None 238,673,30 700,00 None
None None 649.37 1,090,931.51

LIABILITIES

Demand deposits______

_________ $

~ime deposits ---------------------------------Deposits of U. S. Government________

Deposits of States and political

' subdivisions ------------------------------ ____ _ Deposits of banks_______________________________

Other deposits (certified and offi Bicllesrps'aycahbelcek__s__,____e__tc__._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
standing ---------------------------------------Other liabilities......................................
Capital -----------------------------------------------Surplus ___ --------------------------------------------Undivided profits__________________

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

769,650.87 45,192.54
None
192,958.25 None
3.00 None
Non" None 50,000.00 10,000.00 12,570.73 10,556.12

Total Liabilities ------------------- ------$ 1,090,931.51

STATEMENT

Showing condition at the close of business December 31, 1948, 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, 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 ------------------------------------------

397,330.11 861,329.93
19,980.55 None None
195,299.88 1.00 1.00
None None 8,368.35

Total Assets _____ --------------------------$ 1,482,310.82

LIABILITIES Demand deposits__________________________________ $ Time deposits _________________________________________

Deposits of U. S. Government________

Deposits of States and political

D espuobsdiitvs i soifo nbsa n k--s--.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_--_-_-

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable

__________ _

Acceptances executed by or for account of this bank and out-

Otshtearndliinagbil-i--t-i-e--s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_

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

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

1,265,644.80 None None
140,049.56 None
2,040.96 None
None 3,000.00 16,000.00 30,000.00 26,676.50
None

Total Liabilities_____________

----- $ 1,482,310.82

TWENTY-NINTH ANNUAL REPORT

25

STATEMENT

Showing condition at the close of business December 31, 1948, 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<?";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 acceptsnces outstanding_--~--- Other assets-----------------
Total Assets.--------------~------------------- $

201,704.39 566.05 None None None
346,266.12 450.00 None
None None None 548,986.56

LIABILITIES TDiemmeanddepdoepsoistists_~_~__~_~_-_~_~__~_-_~_~_-__~_-_~_-_~__~_-_~_-_~_~__~_~_-_~_~__~_~_-_$

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 I iab iiities~~-~~~~~~-~~--~~-~-~~~~-~~~-~--~-~~ __ Debenture~~~----------------------------------------Capital -------------------------------------------- SUunrdpilvuisded~~~---p--r-o---f-i-t--s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-----------------

Reserves _

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

480,207.72 14,883.71 None
1,669.10 None
2,218.98 None
None None 4,725.00 15,000.00 10,000.00 11,856.50 8,475.55

Total Liabilities _________________ $ -----~-- 548,986.56

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
eluding reserve balances, and cash items in process of collection------- $ United States Government obligations, direct and guaranteed Obligat.io?~ of States and political
subdivisiOns ---------------1-----------------0ther 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 ------------------- ------------~----

1,100,913.82 548,000.00 16,090.00 None N<>ne
1,192,186.38 13,000.00 None
None None 2,862,63

Total Assets ~----------------~------- --~-- $ 2,873,052.83

LIABILITIES TDiemmeanddepodsepiotssit__s_~_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-__-_-_- $
Deposits of U. S. Government _______
Deposit;s . ?f States and political ~UbdiVISIODS ----------------------------------
Deposits of banks~--------------------------- Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c__._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-.-.-
Acceptances executed by or for account of this bank and outstanding -----------------------------------
Other liabilities -----------------------------------Debentures ---.--------------------------------Capital --------------------------------------------Surplus ------------------------------------------Undivided profits~-------------------~--------Reserves -----------------------------------------------

1,681,083.~41
864,832.38 10,301.75
134,173.12 5,50Q.OO
831.87 None
None 3,215.00 12,600.00 50,000.00 60,000.00 37,915.30 12,600.00

Total Liabilities-~---------------------$ 2,873,052.83

26

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks.

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

WALTER E. GRAHAM,
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 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...................................... ..

879,852.77 465,772,76
26,550.00 None None
868,553.90 21,855.55
2.00
None None 2,013.76

Total Assets.................................... $ 2,264,600.74

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 out-

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

Capital ....................................................

Surplus ..........................................- ....... Undivided profits........ ...................

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

1,471,837.37 584,946.04 16,746.41
25,061.32 8,961.32
1,200.49 None
None 3,000.00 50,000.00 65,000.00 12,647.77 25,200.02

Total Liabilities..

....... $ 2,264,600.74

STATEMENT

Showing condition at tbe close of business December 31, 1948, 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 eash items in process of collection ..... $ United States Government obligations direct and guaranteed......... Obliga!i'!n:' of States and political subdtvtstons ..........-......................... Other bonds, notes, and debentures Corporate stocks (includinll 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..------------------ $

201,242.16 214,000.00
15,000.00 None None
396,717._96 8,000.00 1.00
None None None 834,961.12

LIABILITIES Demand deposits.................................... $ Time deposits........................... Deposits of U. S. Government .......
Deposi!". _of States and political
subdtvtstons ---------------------------------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 ------------------------------------------------

544,190.01 52,752.94 13,005.49
162,353..25 None
8,797.31 None
None None 25,000.00 15,000.00 1,362.12 12,500.00

Total Liabilities...- ....- .. - - -..- $ 834,961.12

TWENTY-NINTH ANNUAL REPORT

27

STATEMENT

Showing condition at the close of business December 31, 1948, of

PLANTERS & CITIZENS BANK Camilla, 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-
clJding reserve balances, and cash items in process of collection _________ $

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

subdlVlSlODS ------------.
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-------------------Loans and discounts (including
overdrafts) ___________________________ _

Bank premises owned, furniture and

fixtures ________

_____

Real estate owned other than bank

premises --------- Investments and other assets indi...
rectly representing bank premises or other real estate_____________

Customers' liability to this bank on acceptances outstanding______________

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

913,203.12 363,500,00
None None None 1,164,912.49 15,000.00 None
None None None

Total Assets ______________ ---------------- $ 2,456,_615.61

LIABILITIES

Demand deposits

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

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

Deposits of States and political DDeeppoossiittss oof fbanbkasn_k__s__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-

Other deposits (certified and offi Bilclesrps'aycahbelcek__s_,____e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_~_-_-_-_-

Acceptances executed by or for ac
count of this bank and outstanding -------------------------~----~----~-----Other liabilities..................................___ _

Capital --------------------------------------------SUunrdpilvuisded ---p---r-o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_------------- _

Reserves __ -------------------------------------- ______ _

1,459,216.11 730,362.55 8,425.17
123,520.98 None
14,275.16 None
None None 40,000.00 50,000,00 20,815.64 10,000.00

Total Liabilities ---------------------------------- $ 2,456,615.61

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
eluding 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............................................

1,009,563.45 2,615,687,50
130,569.76 24,954.06 None 804,725.87 22,320.88 None
None Nolle None

Total Assets_____________________________ $ 4,607,821,52

Demand

LIABILITIES d e p o s i t s _____________________________

$

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

Deposits of States and political
subdivisions ---------------------------Deposist 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 ---------------------------------------------

2,645,997,26 1,200,480.08
299,603,-34
116,010.88 42,254:20
7,931.72 None
None 25,138.76 100,000.00 100,000.00 70,405.28
None

Total Liabilities _______________________ $ 4,607,821,52

28

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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________

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

691,843.52 1,158,800,00
10,000.00 None None
1,624,948.23
15,069.55 None
None None None

Total Assets __

. --------------------- $ 3,500,661.30

LIABILITIES Demand deposits ____________________________________ $

Time deposits -----------------------------------Deposits of U. S. Government________ Deposi~s . .of States and political Despuobsdittvststoofnsban--k---s---_-_--_-_-_-_-___-_-----------_-_-__--,-_-_-_-_-_-_
Other deposits (certified and offi Bilclesrps'aycahbelcek__s__,____e__t_c__._)__-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-

Acceptances executed by or for ac~ count of this bank and out-
Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-,--_-_-_-_-_ Capital _____________________..___________________________

Surplus

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

Undivided profits..

Reserves

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

1,925,805.54 1,278,996.13
8,483.54
55,334.38 36,525.30
4,500.00 None
None None 50,000.00 125,000.00 5,786:33 10,230.08

Total Liabilities------------- ___ --------$ 3,500,661.30

STATEMENT

Showing condition at the close of business December 31, 1948, 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, including reserve balances, and eash items in process of collection _ _$

United States Government obligations, direct and guaarnteed______

Obliga!i'?n.s of States and political subdiVISlODS -----~- --- ----------- ---------------
Other bonds, notes, and debentures
Corporate stocks (including stock of

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

overdrafts) _____ -------------------------------Bank premises owned. furniture and

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

Real estate owned other than bank

premises _________ __

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

Investments and other assets indirectly representing bank premises

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

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

Total Assets _ _____________________________ $

814,605.73 2,285,500,00
10,000.00 None None
1,217,082.27 24,001.00 None
None None None 4,351,189.00

LIABILITIES TDiemmeanddepdoepsiotssi_t_s____-_--_-_-_--_-_-_-_--_-_-_-_--_-_-_--_-_-_-_--_-_-_-_--_-_-- $

Deposits of U. S. Government _______
Deposit;s . ~f States and political D espuobsdiitVs ISIoOfnSb a n k s _______________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_--_

Other deposits (certified and offiBilclesrps'aycahbelcek__s__,____e__t_c__._)___-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s----_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--------------

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

Surplus

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

Undivided profits

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

3,511,597.66 None
36,185.25
482,569.71 None
15,809.20 None
None None 100,000.00 100,000.00 29,499.13 75,528.05

Total Liabilities ---------------------------- $ 4,351,189.00

TWENTY-NINTH ANNUAL REPORT

29

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CARTERSVILLE BANK Cartersville, Ga.

As called for by the Superintendent of Banks

S. LUKE PETTIT, President.
Date of Charter: 11-20-1947

WALTER B. ATWATER, Cashier.
Began Business: 11-19-1948

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed ______ Obligations of States and political subdivisions ------------------ --------------------Other bonds, notes, and debentures __ Corporate stocks (including stock of Federal Reserve Bank) ________ Loans and discounts ( inc Iu ding overdrafts) _________ _______ _
Bank premises owned, furniture and fixtures _
Real estate owned other than bank premises --------------------
Investments and other assets indirectly representing bank premises or other real estate
Customers' liability to this bank on acceptances outstanding_________
Other assets
Total Assets------------------------- ________ $

122,186.12 403,291.09
None None None 177,714.39 16,648.67 None
None None 12,206.05 732,046.82

LIABILITIES Demand deposits --------------------------------Time deposits-----~-----------------------------------Deposits of U. S. Government__________ Deposits of States and political D espuobsdiitvs i s ioofn sb a n k s __________-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_

Other deposits (certified and offiBilclesrsp'aycahbelcek__s_,____e__t__c__._)_____-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for

account of this bank and out-

standing

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

Other liabilities_______ ------------------------------

Capital ___

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

Surplus

_____ --------------------------- _

Undivided profits . ----------------------------

Reserves

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

348,275.51 64,376,36 64,817.70
50,000.00 35,000.00
17,981.59 None
None 1,595,16 100,000,00 50,000.00
None None

Total Liabilities ------------------ __________ $ 732,046,32

STATEMENT

Showing condition at the close of business December 31, 1948, of

COHUTTA BANKING COMPANY Chatsworth, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed__

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

287,659.47 667,100.00
38,000.00 None None
466,704.90 600.00 500.00
None None None

Total Assets ________ ------------------------- $ 1,460,564.37

LIABILITIES TDiemmeanddepodseiptoss_i_t_s________________________-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_$

Deposits of U. S. Government _________ Deposi!s. _of States and political

DeSpUobsdiitVsISoIOf DbSan-k---s-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-

Other deposits (certified and officers' checks ,etc.) --------------------------
Bills payable ________________ ---------------------Acceptances executed by or for ac-
count of this bank and out-
Otshtearndliianbgil-i-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_

Capital

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

SUunrdpilvuids ed-----p--r-o---f-i-t--s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_---------------

Reserves

955,936.59 275,805.05
8,079:05
143,092,67 None
119.00 None
None None 25,000.00 30,000.00 6,621.38 15,910:63

Total Liabilities___________________________ $ 1,460,564.37

30

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF CHICKAMAUGA Chickamauga, Ga.

As called for by the Superintendent of Banks.

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

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

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

361,538.77 978,918.93
None 55,000.00
None 404,724.32
12,977.00 None
None None None

Total Assets ------- ______ $ 1,813,159.02

LIABILITIES Demand deposits_----- $ Time deposits ______ ------------------- ------------Deposits of U. S. Government.......... Deposi~. _of States and political
subdiviSIOns -----------------------------------Deposits of banks.....---------- Other deposits (certified and offi-
cers' checks. etc.)---------------------------Bills payable__-------- Acceptances executed by or for ac-
count of this bank and outOtshtearndliianbgilit-i-es_-..........-.-_______-______-_____-__-______
Capital ------Surplus --------Undivided profits__----
Reserves ---------------------------------------------

701,871.61 674,251.18 186,771.76
146,866.51 None
3,056.48 None
None 6,971.70 26,000.00 60,000.00 18,369,78
None

Total Liabilities .....

---- $ 1,813,159.0!

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Chipley, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed ________

Obliga!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.........------

494,54~.79
622,400.00 4,000,00 None None
400,781,00 200.00 None
None None None

Total Assets.....---$ 1,521,927.79

LIABILITIES TDiemmeanddedpeopsoitssi_t_s__._._._._._-____-_-__-_-_________-___-___-_____$
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 out-
standing ----------- Other liabilities....---------- Capital ------------- Surplus --------Undivided profits_-------
Reservea ----------------------------------------

915,604.48 221,885.33
3,368,75
272,171.19 None
1,485.20 None
None None 25,000.00 25,000.00 56,412.84 1,000.00

Total Liabilities --- $ 1,521,927.79

TWENTY-NINTH ANNUAL REPORT

31

STATEMENT

Showing condition at the close of business December 31, 1948, of

HABERSHAM BANK Clarkesville, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and eash items in process of collection....~- $ United States Government obligations, direct and guaranteed ________

Obliga~it:~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 ________________________________ $

214,968.07 784,900.00
12,000.00 None None
397,729.58 6,130.00 None
None None None 1,414,727.65

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
DespubodstiVtslSolOf DbSan-k---s--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_--_-_-_-_-_-_--_-_-_-_--_-
Other deposits (certified and offiBilclesrps'aycahbelcek__s__,___e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and outstanding ----------------------------------------
Other liabilities.............-------------------Capital -------------------------------------------------- Surplus _ --------------------..-----------------Undivided profits ----------------------------Reserves -------------------------- --------------------

884,004,25 408,952.18
None
25,926.68 None
3,716.97 None
None None 25,000.00 55,000.00 10,472.65 1,654.92

Total Liabilities.... ------------------------$ 1,414, 727.66

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CLAXTON BANK

Claxton, Ga.

As called for by the Superintendent of Banks.

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

ROY STYLES, Cashier.
Began Business: 2-24-1941

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 165,401.82

United States Government obliga-

tions~ direct and guaranteed ________

160,100.00

Obliga~i'?n!' of States and political

SUbd.IVJSlOOS -------------------- ______ ------------

63,145.11

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ___ -------------------

312,862.54

Bank premises owned, furniture and fixtures __________

3,202,07

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

None

Total Assets ------------------------------ $ 704,711.64

Demand

LIABILITIES d e p o s i t s __________________________________

$

Time deposits___________________________________

Deposits of U. S. Government _______
Deposits of States and political subdivisions -----------------------------------
Deposits of banks.........-----------------Other deposits (certified and offiBilclesrps'aycahbeleck__s__,___e__t_c__._)________-_--_-_-_-_--_-_-_-_-_--_-_-_-_--_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_

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

Reserves _----------------------------------------------

542,146.48 22,500.00
1,912.50
33,391.31 None
933.51 None
None None 60,000.00 50,000.00 3,827.74 None

Total Liabilities ..-------------------------- $ 704,711.64

32

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1948, of
TIPPINS BANKING CO., INC. Claxton, Ga.
As called for by the Superintendent of Banks.

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

S. J. WATERS, Cashier.
Began Business: 9-3-1940

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

249.821.91 528.788.71
39.268.50 None None
230,409.85 1,053.81 None
None None None 1,049,342. 78

LIABILITIES

Demand deposits

$

Time deposits ___________ -------------------------

Deposits of U. S. Government.

Deposits of States and political

subdivisions Deposits of banks __________________________________

Other deposits (certified and offiBilclesrspaycahbelec.k_s__.____e__t_c_._)_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
standing -----------------------------------------Other liabilities _---------------------------
Capital ---------------------------------------------------Surplus ----------------------------------Undivided profits. Reserves

795,590.66 41,772.00 11,516.21
122,270.87 None
760.55 None
None None 25,000.00 25,000.00 20,432.49 7,000.00

Total Liabilities._________________ $ 1,049,342.78

STATEMENT

Showing condition at the close of business December 31, 1948, of BANK OF CLAYTON Clayton, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS
Cash, balances with other banks, 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 asset-------------------------------------

Total Assets ____________________________________ $

623,087.05 540,600.00
6,125.00 None None
333,709.24 7,400.00 None
None None None 1,510,921.29

LIABILITIES

Demand deposits

____ $

Time deposits________________________________________

Deposits of U. S. Government_ Deposi?' ..of States and political
SUbdiVlSIODS ------------------------
DepositS of banks ________ _ Other deposits (certified and offiBilclesrps'ayacbhleec_k__s__,_____e_t_c_._)_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital --------------------------------------------------Surplus -----------------------------------------------Undivided profits
Reserves --------------------------- _-------------------

1,319,296.37 None
2,625.00
91.624.24 None
2,913.61 None
None None 25,000.00 25,000.00 44,462.07 None

Total Liabilities______ . ------------ $ 1,510,921.29

TWENTY-NINTH ANNUAL REPORT

33

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEOPLES BANK Cleveland, Ga.

As called for by the Superintendent of Banks.

C. E. HEAD,
President. Date of Charter: 12-11-1945

W. N. NOELL, Cashier.
Began Business: 7-1-1946

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

United States Government obliga. tions, direct and guaranteed_________
Ob!iga~i'?D:" 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 ----------------- ----------------- $

90,648.79 225,000.00
None None None 257,806,25 1.225.50 None
None None None 574,680.54

LIABILITIES

Demand deposits ------------------------- ----- $ ..-rime deposits ____

Deposits of U. S. Government

Deposits of States and political

subdivisions

-------------------- ______

Deposits of banks __________________________________

Other deposits (certified and offiBilclesrps'ayacbhleec_k__s__,_____e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital

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

Surplus

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

Undivided profits --------------------- -------- _

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

387,598.38 73,665.04
1,040.82
52,023.25 None
219.65 None
None None 35,000.00 15,000.00 10,133.40 None

Total Liabilities ......-- --------------------- $ 574,680.54

STATEMENT

Showing condition at the close of business December 31, 1948, of

COOK BANKING CO. Cochran, Ga.

As called for by the Superintendent of Banks.

E. COOK, President.
Date of Charter: 4-24-1942

TAYLOR COOK, Cashier.
Began Business: 7-1-1942

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

United States Government obliga-
tions, direct and guaranteed Obliga:i~n~ of States and political

subdtvtswns -------------- -----------------------Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank) ______

Loans and discounts (including

overdrafts)

______________________ _

Bank premises owned, furniture and

fixtures _____________ _

-----

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding________________ _

Other assets__________ .------------------

Total Assets

290,413,26 259,000,00
None None None 351,53~. 77 2,900.00 None
None None None 903,852.03

LIABILITIES Demand deposits __________ ------------------ $ Time deposits __ ----------------------------Deposits of U. S. Government_ Deposits of States and political Despuobsditisviosfiobnasnks _____-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Other deposits (certified and officers' checks, etc.) ___________
Bills payable ----------------------------------------Acceptances executed by or for ac-
count of this bank and outOtshtearndliinabgil-i-t--i-e--s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Capital --------------------------------------------------Surplus Undivided profits_ Reserves_

630,312.80 150,525.83
7,419.84
56,332.84 None
191.31 None
None None 25,000.00 20,000.00 14,069.41 None

Total Liabilities

-$ 903,852.03

34

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

STATE BANK OF COCHRAN Cochran, Ga.

As called for by the Superintendent of Banks.

L. S. LEACH, President.
Date of Charter: 12-22-1921

L. L. PHILLIPS, Cashier.
Began Business: 1-5-1922

ASSETS Cash, balances with other banks, in-

eluding reserve balances, and cash items in process of collection ___ $

United States Government obligations, direct and guaranteed_______

Obligat!o!'~ 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 ----------------- ----------------

433,294.55 549,317.86
5,068.20 10,131.22
None 303,217.32
2.00 None
None None 3,330.94

Total Assets ______ _

---------- $ 1,304,362.09

Demand

LIABILITIES deposits __________________________________

$

Time deposits ________________________________________

Deposits of U. S. Government........ Deposits of States and political

subdivisions __ ---------------------------------Deposits of banks _

Other deposits (certified and offi-

Bilclesrps'aycahbeleek__s__,___e__tc__.)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-

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

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

Surplus

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

Undivided profits _------------------ --------

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

858,648.14 269,152.49
8,211.47
74,442.28 None
2,656.92 None
None 8,666.04 26,000.00 35,000.00 7,585.76 15,000.00

Total Liabilities ______________________ $ 1,304,362.09

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF COLLEGE PARK

College Park, Ga.

As called for by the Superintendent of Banks.

J. W. STEPHENSON, President.
Date of Charter: 10-4-1945

J. N. WALKER, Cashier.
Began Business: 1-7-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ____ $
United States Government obligations. direct and guaranteed _______
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 _____________________________

192,015.87 356,453.57
10,426.98 None None
735,496.15 8,971.67 None
None None 13,624.69

Total Assets --------- ------------- $ 1,316,988.93

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

656,190.68 447,864.68
1,688.12
109,163.07 6,504.38
417.90 None
None 19,521.05 50,000.00 15,000.00 10,639.05
None

Total Liabilities ---------------------- __ $ 1,316,988.93

TWENTY-NINTH ANNUAL REPORT

35

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANK Colquitt, Ga.

As called for by the Superintendent of Banks.

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

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

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

United States Government obliga-
tions, direct and guaranteed Obliga~i'?n.s of States and political

subdJVISIODS _

--- -------

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_________________________

933,794.53 452,889.50
None None 2,400.00 1,046,711.17 None None
None None 15,084.64

Total Assets ______ _

.. $ 2,450,879.84

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

1,676,053.63 534,567.43 5,000.00
72,822.06 None
1,507.62 None
None 22,836.37 40,000.00 40,000.00 33,092.73 25,000.00

Total Liabilities ....

--- -- --- $ 2,450,879.84

STATEMENT

Showing condition at the close of business December 31, 1!148, of

COLUMBUS BANK AND TRUST COMPANY

Columbus, Ga.

As called for by the Superintendent of Banks.

J. J. PEASE, President.
Date of Charter: 12-24-1888

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

ASSETS Cash balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obligations, direct and guaranteed
Obliga~i~n.s of States and political

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 indirectly representing bank premises
or other real estate----------------------Customers' liability to this bank on
acceptances outstanding_ Other assets ............

9,488,207.87 9,395,633,29
968,920.00 23,500.00
123,306.25 9,051,947.27
336,440.11 34,750.00
None 13,854.56 13,854.56

Total Assets. ________________ _

-- $ 29,436,559.37

LIABILITIES

Demand deposits _ Time deposits _________________

--

--

- $

16,999,327.07 6,457 ,293. 79

Deposits of U. S. Government

726,600.56

Deposi~s. _of States and political

subdlVISlOnS -------------------------------
Deposits of banks __________ _

1,915,354.46 766,240.56

Other deposits (certified and offi-

cers' checks, etc.) _______

85,857.98

Bills payable...... -----------------------------

None

Acceptances executed by or for

account of this bank and out-

standing

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

None

Other liabilities _-----------------------------

22,748.99

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

850,000.00

Surplus __

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

1,150,0QO.OO

Undivided profits-----------_________ ___

463.135.96

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

None

Total Liabilities _________ _

-- -- $ 29.436,559.37

36

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE MERCHANTS & MECHANICS BANK OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

JACK B. KEY,

J. A. HARLEY,

President.

Vice-President and Cashier.

Date of Charter: 12-14-1871

Began Business: 1872

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection . ______ $
United States Government obligations, direct and guaranteed
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 indirectly representing bank premises or other real estate________
Customers' liability to this bank on acceptances outstanding__________________

Other assets ______

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

3,828,302.22 6,411,800.75
474,109.52 500.00
21,005.00 5,404,541.39
84,001.00 None
None None 453.06

LIABILITIES

Demand deposits Time deposits _____ _________________

$ 11,060,578,59 2,590,027.84

Deposits of U. S. Government ________ 641,824.59

Deposits of States and political

subdivisions

630,519.32

Deposits of banks __ __

150,162.54

Other deposits (certified and offi-

Bicllesrps'aycahbelcek_s__,___e__tc__._)__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_____

49,291.54 None

Acceptances executed by or for

account of this bank and out-

standing ________ --------..-----------------

None

Other liabilities _.

None

Capital

200,000.00

Surplus ..........

500,000.00

Undivided profits

100,103.24

Reserves

3.)2,205.2~

Total Liabilities .

-- $ 16,224,712.94

STATEMENT Showing condition at the close of business December :n, 1918, of

TRUST COMPANY OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

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

J. D. BOX, Vice-President. Began Business: 1892

ASSETS

Cash, balances with other banks, in-

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

United States Government obliga tions, direct and guaranteed ___

Obliga~i<;n;- of States and political

subdtvtsmns ------------------------------------.. 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

$

28,411.18 50,000.00
None 22,402.80 1,510.46 520,711.32 121,219.55 50,316.22
None None 5,935.26 800,506.79

LIABILITIES

Demand deposits__ Time deposits _

----------------------__ _______ $

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

Deposi~. .of States and political

subdtVlSlODS ----------------------------------------

Deposits of banks _

......

Other deposits (certified and offi-

Bicllesrps'aychabeclek_s__,__e___t_c__._)_________-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_

Acceptances executed by or for account of this bank and out-

standing _------------------------------------------

Other liabilities _

Capital Surplus

. ____________________ _

Undivided profits Reserves

None 339,404.88
None
None None
None None
None None 100,000.00 200,000.00 75.639.40 85,462.51

Tntal Liabilities

800.50ii.79

TWENTY-NINTH ANNUAL REPORT

37

STATEMENT

Showing condition at the close of business December 31, 1948, or

ROWE BANKING COMPANY Comer, Ga.

As called for by the Superintendent of Banks.

R. M. ROWE,
President. Date of Charter: 10-3-1935

J. R. FINDLEY, Cashier.
Began Business: 10-10-1935

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection ____ $
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 (inclnding
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 _________________________________ $

253,345._48 224,577.24
1.026.80 4,716.53
None 88.331.18
4,412.04 None
None None 112,937.19 689,346.46

Demand deposita ___L___I_A____B___I_L___I__T___I__E__S_________ $
Time deposits _____ Deposits of U. S. Government ____ Deposita of States and political
subdivisions -----------------------------------Deposits of banks_ -------------------------Other deposist (certified and offi-
cers' checks, etc.) --------------------------Bills payable.......-------------------Acceptances executed by or for
account of this bank and outstanding _--------------------------------------Other liabilities------------------------------Capital ----------------------------------------SUunrdpilvuisde-d-----p--r-o--f--i-t-s--_-_-_-_-__-_-_-_-_-_-_-__-__-_-_--------------
Reserves ----------------------------------------------

569,748.96 35,062.93 None
41,036.19 None
632.37 None
None None 15,000.00 27,000;00 866.02 None

Total Liabiilties________________________ $ 689,346.46

STATEMENT

Showing condition at the close of business December 31, 1948, of

NORTHEASTERN BANKING COMPANY Commerce, Ga.

As called for by the Superintendent of Banks.

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

R. M. DAVISON, Cashier.
Began Business: 1892

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

470,644,32 6,000.00 7,500,00 None 2,250.00
932,424.12 17,042.49 None
None None None 1,435.860.93

LIABILITIES DTiemmeanddedpeopsoitssi_t_s___-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_$
Deposits of U. S. Government _______
Deposita of States and political subdivisions __ ---------------------------------
Deposits of banks -----------------------------Other deposita (certified and offi-
cers' checks, etc.)------------------------Bills payable......---------------------------------Acceptances executed by or for
account of this bank and outstanding ----------------------------------------Other liabilities--------------------------------Capital ----------------------------------------------SUunrdpilvuids e-d------p--r-o--f--i-t--s-_-_-_-_-__---_---------------------
Reserves ---------------..--------

1,162,350.94 113,904.15 189.10
24,109.79 None
5,618.11 None
None None 50,000.00 25,000.00 44,688.84 10,000.00

Total Liabilities

- - - - *1,435,860.93

38

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CONCORD BANKING COMPANY Concord, Ga.

As called for by the Superintendent of Banks.

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

MRS. KATHRYN BAKER, Cashier.
Began Business: 11-18-1903

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

United States Government obligations. driect and guaranteed ___ _

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

subdtvtstons

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ___________________ ------------------

Bank premises owned, furniture and

fixtures

_______________________ _

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding________________
Other assets_________________________________________

Total Assets ____________________________________ $

198,997.38 240,900,00
None None None 35,338.55 550.00 400.00
None None None 476,185.93

Demand deposits _L__I__A___B___I__L__I__T___I_E___S________ $
Time deposits_ ------------------------------------Deposits of U. S. Government _____ Deposits of States and political D espuobsdiitvs i soifo nbsa n k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and offiBilclesrps'aycahbelcek_s__,___e_t_c__.)_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------Surplus ---------------------------------------------Undivided profits ------------------------------Reserves ------------------------------------------------

404,814.32 21,528.62 44LOO
7,490.44 None
683.64 None
None None 25,000.00 12,600.00 3,727.91 None

Total Liabilities ----------------------------- $ 476,185.93

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF CONYERS Conyers, Ga.

As called for by the Superintendent of Banks.

W. T. BALDWIN, President.
Date of Charter: 11-1-1904

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $ 138,629.54

United States Government obliga-

tions, direct and guaranteed.

354,000.00

Obligations of States and political

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

1,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

2.00

Loans and discounts (including

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

240,768.66

Bank premises owned, furniture and

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

500.00

Real estate owned other than bank

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

None

Investments and other assets indi-

orerctolythererprreeaslenetsitnagteb__a__n___k___p__r__e__m___i_s__e_s

None

Cuasctcoempetarns'celisaboiulittsytatnoditnhgis___b___a__n__k____o__n_

None

- - - - - Other assets-------------------------------------Total Assets___________________________________ $

None 734,900.20

LIABILITIES Demand deposits_______________________ ______ $
Time deposits______________ ----------------------Deposits of U. S. Government________ Deposits of States and political Despuobsdiitvsisoifonbsan-k---s--_-_-_-_-_-_-_--_-_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrps'aychabeclek_s_,___e__t_c_._)_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_
Acceptances executed by or for account of this bank and out-
standing ----------------------------------------Other liabilitie-----------------------------------Capital -----------------------------------------------Surplus ---------------------------------------------Undivided profits--------------------------------Reserves --------------------------------------------------

558,747.93 51,120.47 None
68,993.17 None
None None
None None 30,000.00 10,000.00 20.821.81 5,216.82

Total Liabilities

------------$ 734,900.20

TWENTY-NINTH ANNUAL REPORT

39

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks.

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

M. H. IVEY, Cashier.
Began Business: 6-1901

ASSETS Cash, balances with other banks, in4
eluding reserve balances, and cash items in process of collection _________ $
United States Government obligatiqns, direct and guaranteed -----------
Obliga!i~n.s of States and political

subdJVlSlODS -----------------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (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.........----

251.448.83 847,100.00
None 100.000.00
None 376,032.35
4,300.00 None
None None None

Total Assets ................................... $ 1,578,881.18

LIABILITIES Demand deposits..........-- ... $ Time deposits ______________ ------------------------Deposits of U. S. Government........ Deposi!e. _of States and political
subdlVlSlOllS ------------------------------------
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 --- S urpIus --- Undivided profits .................................
Reserves ------------------------------------------------

1.077,080.82 57,640.09 None
342.637.50 None
870.00 None
None None 50,000.00 25,000.00 25.652.77 None

Total Liabilities ............................ $ 1,578,881.18

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK OF COOLIDGE Coolidge, Ga.

As called for by the Superintendent of Banks.

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

T. W. MURPHY,
Cashier. Began Business: 11-20-1911

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

United States Government obligations, direct and guaranteed _
Obligations of States and political subdivisions -------------------------------------
Other bonds, notes. and debentures Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) -

Bank premises owned~ furniture and

fixtures

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

Real estate owned other than bank

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

Investments and other assets indi-

rectly representing bank premises

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

Other assets.-------

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

125,869.03 132,000,00
4,000.00 5,000.00
None 181,704.12
2,764,63 None
None None 823.35 452.161.13

LIABILITIES Demand deposits.............---- $
Time deposits----------------------------------------Deposits of U. S. Government_______

Deposi!e. _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 out-

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

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

Capital -------

Surplus

---

Undivided profits ...........___..................

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

372,288.78 24.575:49 None
1.765.64 None
211.30 None
None None 25.000.011 25.000.00 3.319.92 None

Total Liabilities - $ 452,161.13

40

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CORDELE BANKING COMPANY Cordele, Ga.

As calJed for by the Superintendent of Banks.

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

PLENY DuPREE, Cashier.
Began Business: 6-15-1927

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

993,389.93 1,200,000,00
None None None 600,646.33
1.00
None
None None None

Total Assets

--------- $ 2,794,037.26

LIABILITIES

Demand deposits

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

Time deposits __________---------------------

Deposits of U. S. Government. _____

Deposits of States and political

Despuobsdiitvsisoifonbsanks_____________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-

Other deposits (certified and officers' checks, etc.) ----~---------------
Bills payable ___ -----------------------------Acceptances executed by or for
account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-.-.-.-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-

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

2,621,299.64 -None 9,261.82
35,593.81 None
6,619.75 None
None None 25,000.00 25,000.00 71,262.74 None

Total Liabilities --------------------------$ 2,794,037.2~

STATEMENT

Showing condition at the close of business December 31, 1948, of

FIRST STATE BANK IN CORDELE Cordele, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY,
President. Date of Charter: 12-3-1938

C. C. SHEARER, Cashier.
Began Business: 8-9-1934

ASSETS

Cash, balances with other banks, in..

eluding reserve balances, and cash items in process of collection________ $ 1,109,664.50

United States Government obliga-

tions, direct and guaranteed -

1,430,054. 73

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) ------------------ __ -----

667,162.75

Bank premises owned, furniture and

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

19,496.71

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

348.31

Total Assets----------------------------------$ 8,226,727.00

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

2,435, 760.68 351,699.14 24,740.26
83,703.43 187,700.40
7,280.28 None
None None 50,000.00 50,000.00 37,097.79 18,745.12

Total Liabilities.. _____________________ $ 3,226,727.00

TWENTY-NINTH ANNUAL REPORT

41

STATEMENT

Showing condition at the close of business December 31, .i 948, of

CORNELIA BANK Cornelia, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection____ $
United States Government obligations, direct and guaarnteed __
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 --------------- ------------

667,344.67 1,283,690.81
262.35 None None 925,716.76 10,150.00
5,00
None None 785.40

Total Assets--------------------$ 2,777,963.99

LIABILITIES Demand deposits-------------------------- $ Time deposits -~-------------------Deposits of U. S. Government .. Deposits of States and political
subdivisions _ ------------------------------Deposits of banks..... ----Other deposits (certified and offiBilclesrps'aycahbelcek__s_, __e_t_c_._)-_-_-_-_-_--_-_-_-_-_--_-_-_-_--_-_-_-

Acceptances executed by or for

account of this bank and out-

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

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

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

Surplus

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

Undivided profits ...----------------------

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

1,388,564.82 821,629.45 28,945,35
326,515.37 3,388:93
17,868.07 None
None None 40,000.00 100,000.00 23,876.26 27,166,76

Total Liabilities......______ ------------ $ 2,777,963,99

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF COVINGTON & TRUST CO. Covington, Ga.

As called for by the Superintendent of Banks.

J. L. STEPHENSON, President.
Date of Charter: 4-10-1901

J. B. WEAVER, Cashier.
Began Business: 4-10-1901

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------- $ United States Government obligations~ direct and guaranteed ________
Obsluibgdaitvioisnisonosf __S___t_a__t_e___s____a__n___d_____p__o__l_i__t_i_c__a__l-:
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.------------------------------------

666,143.04 2,242,712,91
206,600.90 None None
1,085,491.82 5,824.00 None
None None None

Total Assets--------------------------- $ 4,196,772,67

Demand deposits_L___I_A____B___I_L___I__T__I__E___S________ $
Time deposits --------------------------------Deposits of U. S. Government ..... Deposi~ . ?f 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 ----------------------------------------------

3,361,662.02 126,844,46 22,479._95
307,193.63 None
2,523.02 None
None 46,069.70 100,000.00 100,000,00 140,000.00
None

Total Liabilities------------------------ $ 4,195,772.87

42

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, !948, of

THE COMMERCIAL BANK Crawford, Ga.

As called for by the Superintendent of Banks.

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

W. M. FAUST,
Cashier. Began Business: 9-5-1924

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash items in process of collection_______ $ 438,822,90

United States Government obliga tiona, direct and guaranteed ________

399,462.93

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)

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

326,448.90

Bank premises owned, furniture and

fixtures ______ _

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

1,500.00

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

None

Total Assets ------------------ ------------ $ 1,166,234.73

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 DespuobsdiitvsisoiOf nbsank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-_-__-_-_-_-_-_-_-_--_-~
Other deposits (certified and offiBilclesrps'aycahbelcek__s_,____e__t_c__._)_____--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_
Capital ---------------------------------------------------Surplus ---------------------------------Undivided profits ___ -------------------Reserves

823.489.08 209,239.29
13,068;75
44,949,81 None
8,256.96 None
None None 30,000.00 32,500.00 2,080.84 2,660.00

Total Liabilities__________________________ $ 1,166,234.73

STATEMENT

Showing condition at the clo'le of bm:iness December 31, 1948, of

PEOPLES BANK Crawfordville, Ga.

As called for by the Superintendent of Banks

J. E. WILLIAMS,
President. Date of Charter: 11-24-1947

E. WINTON REYNOLDS,
Cashier. Began Business: 1-2-1948

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection--------- $ 137,918,64

United States Government obliga-

tions. direct and guaranteed.______ _

50,519,54

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) ____ --------------------------

183,567.97

Bank premises owned. furniture and

fixtures ________ -------------------------------

675.00

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 ________________________________________ Total Assets __________________________________ $

None 372,681.15

LIABILITIES Demand deposits _________________________________ $ Time deposits _________________.______________________
Deposits of U. S. Government _________ Deposi~s . .of States and political DespuobdsiitVsISoiofnsba-n---k--s--_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.) ----------------------------
Bills payable________ ----------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgil_i_t__i_e_ s-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -----------------------------------------------SUunrdpilvuisde-d-----p---r-o--f--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves ------------------------------------------------

318,727.16 None None
15,000.00 None
2,788.88 None
None None 25,000._00 7,500.00 2,666.11 1,000.00

Total Liabilities_____________________________ $ 372,681.15

TWENTY-NINTH ANNUAL REPORT

43

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obligations, direct and guaranteed ___ _

Obligations of States and political

subdivisions -----------------------Other bonds, notes, and debentures
Corporate stocks (including stock of Federal ~eserve 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

. _____ .... .....

453,457.16 647,373.84
22,602.63 None None
407,138.00 9,000.00 1,660.00
None None None

Total Assets ----------------------- ---- $ 1,541,231.63

LIABILITIES Demand deposits ----------------------------------- $ Time deposits --------------------------------------Deposits of U. S. Government _________

Deposi!'". _of States and political

subdiVISIOnS --------------------------------------

Deposits of banks_.

____________ __

Other deposits (certified and offiBicllesrps'ayacbhelec.k._s.p______e_t_c_._)_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
standing -------------------------------------------Other liabilities Capital .... Surplus

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

1,069,253.62 266,819.85 3,693.75
93,685.94 None
5,933.64 None
None None 25,000.00 50,000.00 26,844.83 None

Total Liabilities.....

------ $ 1,541.231.63

STATEMENT

Showing condition at the close of business December 31, 1948, 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..

eluding reserve balances, and cash items in process of collection ________ $ 519,890.83

United States Government obliga-

tions, direct and guaranteed __

644,269,14

Obligations of States and political

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

1,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Raserve Bank)----------------

None

Loans and discounts (including

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

549,632.66

Bank premises owned, furniture and

fixtures -----~----------------- ____

9,866.21

Real estate owned other than bank

premises -~------ _______ ----------

None

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on acceptances outstanding_______________

None

Other assets _____________________________________N_o_n_e_

Total Assets ____________________________________ $ 1,724,658.84

LIABILITIES
~~::::n~e~':;.j~t~::_:::::::::::::::::::::::::::::::::: $
Deposits of U. S. Government _______
Deposi?. o! States and political
DeSpUobsdiitVsISoIfOnbSan-k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek__s__,___e__t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliinabgil-i-t--i-e-s--_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-
Capital -------------------------------------------Surplus -------------------------------------------Undivided profits------------------------------Reserves -----------------------------------------------

1,322,083.04 19,201.73 14,421.92
220,411.60 None
9,383.55 None
None None 25,000.00 26,000.00 79,157.00 10,000.00

Total Liabilities__________________________ $ 1,724,658.84

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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 indirectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding_______________

Other assets __

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

Total Asset.' _______

---------$

244,614.25 398,000.00
8,000.00 None None
369,670.00 1,001.00 None
None None None 1,021,285.25

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 Despuobsdiitvsisoifonbsanks_________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek__s__,___e__t_c__._)__-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_
Capital --------------------------------------------------SUunrdpilvuids e-d-----p--r-o--f--i-t-s--__-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_------------
Reserves ----------------------------- ------------ _____

775,655.00 None
5,811.52
160,507.82 None
2,208.66 None
None None 25,000.00 6,000.00 47,102.25 .None

Total Liabilities______

---- $ 1,021,285.25

STATEMENT

Showing codition at the close of business December 31, 1948, 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, in-

cluding reserve balances, and eash

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

United States Government obliga-

tions, direct and ugaranteed --------

Obligations 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 indirectly representing bank premises or other real estate_____ -----------------
Customers' liability to this bank on acceptances outstanding________________

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

825.907.44 201,188.83
None None None 1,551,919.13 13,700,00 None
None None None

Total Assets ---------------------------------- $ 2,592,715.40

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

account of this bank and out-

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

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

Capital -------------- ____

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

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

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

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

1,371,365.78 728,442.69 21,243,70
269,039.27 None
4,995.90 None
None 2.520.00 50,000.00 100,000,00 18,033.18 27,074.88

Total Liabilities _________

- $ 2,592,715.40

TWENTY-NINTH ANNUAL REPORT

45

STATEMENT

Showing condition at the close of business December 31, 1948, of

HARDWICK BANK & TRUST CO. Dalton, Ga.

As called for by the Superintendent of Banks.

F. L. WILLIAMSON,
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 obliga. tiona, direct and guaranteed __

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

subdtVISlODS -------- ---------------------------- _

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

1,036,048.27 1,800,008. 79
144,958.02 6,000.00
49,987.64 1,802,629,26
55,311.84 1,700,00
None None None

Total Assets ....... ..

4,894,693.72

LIABILITIES Demand deposits .................................. $ Time deposits .. ------------ ---~-~~~---------~---- Deposits of U. S. Government............ Deposi!". _of States and political
subdiVISIOnS -- - ---------------------Deposits of banks----~------------------- Other deposits (certified and offi-
cers' checks, etc.)------------------------Bills payable ----------------------------Acceptances executed by or for
account of this bank and out. Otshtearndliinagbil..i-t-i-e--s-.-.-..-.-.-.-..-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Capital .................................................... Surplus ..............................._______________
Undivided profits _............................... Reserves

2,517. 726.11 1,797,661.51
77,373._10
129,984.79 11,815:10
5,970.73 None
None 10,000.00 100,000.00 100,000.00 124,327.38 19,S35:oo

Total Liabilities ...................... ____ $ 4,894,693.72

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF DANIELSVILLE Danielsville, Ga.

As ~ailed for by the S-uperintendent of Banks.

P. D. TEMPLES, President.
Date of Charter: 12-11-1907

GEO. N. STOVALL,
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 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 aeceptances outstanding____________~-----
Other assets............................................

Total Assets

.................... $

222.050.42 381,493,99
None None None 33,570.88 750.00 None
None None None 637,865.29

LIABILITIES Demand deposits .................................... $

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

Deposi!". _of States and political

subdiVlSIODS -- -----------------------------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

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

601,660.40 961.20 None
None None
484.69 None
None 1,509.00 16,000.00 10,000.00 8,260.00
None

Total Liabilities............................ $ 637,865.29

46

DEPARTMENT OF BANKING

STATEMENT

Showhg condition at the close of business December 31, 1948, of

THE DARIEN BANK Darien, Ga.

As called for by the Superintendent 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, 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

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

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

overdrafts)

-------

Bank premises owned, furniture and

fixtures ___________________ --------------------

Real estate owned other than bank premises _______ -----------------------------------
Investments and other assets indi... rectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding________________

Other assets______________ ----------------------------

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

112,702.79 435,386,00
2,000.00 NoD.e None
268,503.34 None None
None None None 818,592.13

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 Despuobsdiitvsisotfonbsan-k--s--_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_--_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrps'aycahbeleck__s__,___e__t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil_i_t-i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_
Capital ---------------------------------------------Surplus -------------------------------------Undivided profits.. -----------------------------Reserves ---------------------------------------------

477,442.45 227,996.62
None
37,141.72 None
4,650~77
None
None None 25,000.00 5,000.00 41,360.57 None

Total Liabilities _______________ ------------- $ 818,592.13

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obligations, direct and guaranteed------Obliga~i'!n!' of States and political subdtvlstons -----------------------------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____________________________________

743,360.86 1,001,400.00
None None None 584,643.98 25,704.95 None
None None None

Total Assets ______________________________ $ 2,355,109.79

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
SUbdlVISlODS ------------------------------------
Deposits of banks--------------------------Other deposits (certified and offiBicllesrps'aycahbeclek_s__,__e__t_c_._)_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__--_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_
Capital ------------------------------------------Surplus --------------------------------------Undivided profits--------------------------------Reserves ---------------------------------------------

1,685,170.91 395,900.03 14,938.54
32,913.32 15,498,23
3,936.21 None
None None 100,000.00 20,000.00 86,752.55 None

Total Liabilities__________________________ $ 2,355,109.79

TWENTY-NINTH ANNUAL REPORT

47

STATEMENT

Showing condition at the close of business December 31, 1948, 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 obligations, direct and guaranteed__ Obliga!i~n!' of States and political
subdtvtstons -----------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank~-------------------Loans and discounts (including
overdrafts) ------------------------- ___________ Bank premises owned, furniture and
fixtures _________ ------~~-~---~------------Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate~------------------------Customers' liability to this bank on acceptances outstanding________________
Other assets..-------------------------------------

980,741,86 1,064,000,00
None None None 609,634,20 8,183.18 None
None None None

Total Assets ----

-~-~------------- $ 2,662,559.24

LIABILITIES TDiemmeanddedpepoossiittss~-_-_~_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__--_--- ___ $

Deposits of U. S. Government---~-- DeposiJ:s _ ?f States and political

subdtVlSlODS -----------------------------------
Deposits of bank-------------------~- _-----~- Other deposits (certified and offi-
cers' checks, etc.) __ -~----------------------- Bills payable~---------------------------------------- Acceptances executed by or for
account of this bank and out-

Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__--_

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

Surplus

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

Undivided profits--~---------~----------

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

1,907,470.48 480,180.48 31,424,75
116,849.16 15,544,73
2,506.01 None
None None 25,000.00 50,000,00 33,583.63 None

Total Liabilities~-~------------------ ---~ $ 2,662,559,24

STATEMENT

Showing condition at the close of business December 31, 1948, 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 reserve balances, and cash

items in process of collection ....... $ 282,803.17

United States Government obliga-

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

31,000,00

Obligations of States and political

subdivisions ___ ------------------------------

5,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts ) --------- _______ ---------------------

175,252.68

Bank premises owned, furniture and

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

6,000.00

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 -------------------------------- $ 499,055.85

LIABILITIES Demand deposits_____ ----------------------- ___ $

Time deposits----------------------------Deposits of U. S. Government_ Reposi?'. _of States and political

DeSpUobsdiltVslSoIOf DbSan-k---s-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--__-_-_-_-_-__-_-_--_-

Other deposits (certified and offi-

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

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

account of this bank and out-

standing ___ ---------------------------------------.:. Other liabilities~----------------------------------

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

Surplus

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

Undivided profit~-~~---~------ ------------~------

Reserves ____________ ---------------------------------

392,206.74 22,617.13 69.88
33,885.23 None
365.70 None
None None 25,000.00 20,000.00 3,511:17 1,400.00

Total Liabilities

~ -----~------------ $ 499,055.85

48

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 ~~~~~~~ $

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 asset~~------~---------------------------------

1,003,409,53 225,000.00 5.000.00 None None 299,785.82 7,571.30
None
None None None

Total Assets _

-~~ $ 1,540, 766.65

LIABILITIES

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

Time deposits

_________________ _

Deposits of U. S. Government ______ _

Deposits of States and political

subdivisions

____ _

Deposits of banks---~---~----------------------- Other deposits (certified and offi-
cers' checks, e!c.) _______________

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

account of this bank and out-

standing ___ -----------------------------------------

Other liabilities _

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

Capital

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

Surplus

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

Undivided profits

Reserves

937,816.61 266,893.09
10,894.04
252,678.84 None
2,991.74 None
None None 25,000.00 25,000.00 11,492.43 19,000.00

Total Liabilities -~

- ----~- $ 1,540,766.65

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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

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

669,663.83 280,500.00 34,515.00
None None 242,2Ql.94 5,919.11 None
None None None

Total Assets ~

~~--- $ 1,232,799.88

LIABILITIES

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

Time deposits _

____ ---.---------

Deposits of U. S. Government____ ~---

Deposi!"'..of States and political

subdiVlSIODS ---------------------- -------------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 I iab il it ie----~ ------------------------~------SCuarppiltuals ----------------~--------_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_

Undivided profits_~ -----------~-~~~---- ~---~-

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

883,101.85 151,616.32
None
112,686.60 None
1,319.81 None
None None 25,000.00 50,000.00 9,075.30 None

Total Liabilities ~

----------~----- $ 1,232,799.88

TWENTY-NINTH ANNUAL REPORT

49

STATEMENT

Showing condition at the close of business December 31, 1948, of

DEKALB STATE BANK Doraville, Ga.

As called for by the Superintendent of Banks.

JOS. R. MURPHY, President.
Date of Charter: 8-12-1946

L.A. BAlRD, Cashier.
Began Business: 1-16-1947

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

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

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

Loans and discounts (includ.ing

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

-- ----

Bank premises owned, furniture and

fitxures

Real estate owned other than bank

premises _______ ---------------------~----------------

Investments and other assets indi-

rectly representing bank premises or other real estate________________

Customers' liability to this bank on acceptances outstanding_______
Other assets ______________

Total Assets _____

-$

274,141.16 50,743.81 15,419.96 None 1,800.00
361,584.53 11,073.21 None
None None 1,696.89 716,469.56

LIABILITIES
Demand deposits ------------------------- ---- $ Time deposits ---------------------------Deposits of U. S. Government_ Deposits of States and political

D espuobsdiitvs i soi ofn sb a n--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_---

Other deposits (certified and officers' checks, etc.) ------------------
Bills payable____ ----------------------------------- Acceptances executed by or for
account of this bank and out-

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

Other liabilities

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

Capital ____ ------------------------------------------

Surplus ----------------------------------------Undivided profits

Reserves

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

388,246,24 221,328.09
5,163;28
26,378.12 4,899.13
2,706,35 None
None None 50,000.00 10,000.00 5,000.00 2,738.35

Total Liabilities ____

---- $ 716,459.56

STATEMENT

Showing condition at the close of business December 31, 1948, 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

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

United States Government obligations, direct and guaranteed

Obligations of States and political subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank______________________

Loans and discounts (inc I u 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------------------------------------------

816,100.15 2,892,000.80
26,004.77 None None
634,279.55 69,574.46 None
None None None

Total Assets

- $ 4,437 ,959. 73

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

3,036,645,79 640,401.56 22,124.23
427,591.27 18,721.41
35,871.08 None
None None 60,000.00 50,000.00 56,604.39 100,000.00

Total Liabilities._

___ $ 4.437 ,959. n

50

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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

548,340.23 963,446.51
8,196.72 None None
680,847.72 11,485.80 None
None None 1,316.51

Total Assets ~-~~-~ ..~ .. -~~---~~~ .. --~---~~ ...... $ 2,213,633.49

LIABILITIES Demand deposits.~ ~--~............................. $
Time deposits _________ -----------------Deposits of U. S. Government .... Deposi~. _of States and political

subdiV!SlODS --------------------------------------
Deposits of banks ~- ~............~--~--~-~~... Other deposits (certified and ofti-
cers' checks, etc.)----------------------------Bills payable............................................ Acceptances executed by or for
account of this bank and outstanding _____ --------------------------------------~ Other liabilities ............~~.................... Capital ................-~................................. Surplus ~~ ..... ----~~~--~ .................. Undivided profits~ ......~--~...- ....

Reserves

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

1,697,873.40 300,378.34 16,498.36
14.293.21 53,983.53
6,005.01 None
None 3,000.00 50,000.00 50,000.00 21,601.64
None

Total Liabilities -~---~--..-~................ $ 2,213,633.49

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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 --------------------------------------------lnvestments and other assets indi-
rectly representing bank premises

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

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

313,426.43 1,123,009,44
None None None 156,664.62 7,100.00 None
None None 2,455.24

Total Assets

........... $ 1,602,655.73

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~ ....................~..............
RE>serves ____ --------------------------------

985,163.43 225,624.75
5,919.42
311,471.36 None
1,575.11 None
None 2,750.00 25,000.00 25,000.00 20,151.66
None

Total Liabilities...... ~. --~~---~~-~ $ 1,602,655. 73

TWENTY-NINTH ANNUAL RIDPORT

51

STATEMENT

Showing condition at the close of business December 31, 1948, 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 eash 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 acceptlinces outstanding__________ Other assets~~~~---~~~-~~--~~--~~~~~~~~~-~~~---~~--~--

943,437,13 1,643,586.77
1 03,07 0.16 None None
3,142,236,27 11,973.26
None
None None 8,466.4 7

Total Assets~~~~-~-~-~~~~~~~~--~~~~~-~-~~-~~~~-~ $ 6,852, 760.06

LIABILITIES Demand deposits~~~~-------~~-~--------~---~~-- $ Time deposits ______________ ------------------------

Deposits of U. S. Government ~~-~~~ ~

Deposits of States and political

subdivisions ------------------------------------Deposits of banks ~~-~ -~~~---~~~--~

Other deposits (certified and offi-

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

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

account of this bank and out-

standing --------------------------------Other liabilities~--~-----~~-~---------Capital ------~--~---~-------~----~---------~--- Surplus -------~-~----------~-------~------~------~-Undivided profits__~~--~-~-~--~~~-

Reserves

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

3,569,166.60 1,111,272.16
71,357.80
142,388.13 392,216.48
82,601,00 None
None None 160,000.00 160,000.00 76,684.67 107,234.22

Total Liabilities~~-~~~~~ ~~~~-~~~~---~--~~-- $ 6,862, 760,06

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Dublin, Ga.

As calJed 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 obliga tions, direct and guaranteed . Obliga~i'!n~ of States and political
SUbdlVlSlODS ----------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank~----------------- Loans and discounts (including
overdrafts) ~-~~--~~-----~~~~~~-~~---~~~--~~ Bank premises owned, furniture and
fixtures _______ --------------------------Real estate owned other than bank
premises ---------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate~----~--~--------- Customers' liability to this bank on acceptances outstanding__________
Other assets~-----~----~-~-~~~~~~-~~--~~-~--~~~--

834,125.62 1,655,100.00
None None None 1,007,882.39 1,903.71 360.00
None None 15,906.60

Total Assets~~-~~---~~---~~--~~~---~~----~-~-- $ 8,616,277.82

LIABILITIES Demand deposits -~~~--~------~---~---------~-~~----- $ Time deposits _____ --------------------- ---------Deposits of U. S. Government ~~ Deposi~s. .of States and political
SubdtVlSlOns ---------------.---------------------
Deposits of banks~.~--~------~--~-~~---~~~~~~ Other deposits (certified and offi-
cers' checks, etc.)-----------------------Bills payable~----~---~--~-~--------~---------~---- Acceptances executed by or for
account of this bank and outstanding -~~~~---------~---~-------------~---~--~- Other Iiabilities~--~--~~-~-----~-------------~--- Debentures -----------~~--~-----~---------~~~-----~----Cap ita! ~-----~~~------ ~-~--~~-~-~--~----~---~--~~--~~--- Surplus ~----~----~-~---~~-~--~---~--~------~--~~~~~----~ Undivided profits~~~~-~-~--~~~~--~~~--~-~~~---~-~ Reserves --------------------- -------------------

2,217,254.07 584,493.68 15,123.99
205,460.86 374,388.31
7,466.36 None
None None 9,900.00 25,000.00 6,000.00 65,201.16 18,000.00

Total Liabilities ~~~--~~~~-~~-~ --~~-----~~~ $ 3,616,277.32

52

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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..
eluding reserve balances, and cash items in process of collection~~~~---$ United States Government obligations, direct and guaranteed ~ Obliga!i'!n3' of States and political SUbdlVlSlOnS -------~------~---------~----------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank~------------------- Loans and discounts (including overdrafts) -- -~-~ __ ....... ~ Bank premises owned, furniture and fixtures ..... ~~~~--- ~~~ -~------------------~----~-~ Real estate owned other than bank premises -------------------------------------------Investments and other assets indirectly representing bank premises or other real estate_________________________ Customers' liability to this bank on acceptances outstanding________________ Other assets~-----~--~------
Total Assets ~ ------~--~-~------ ----- $

191,385,36 225,000.00
4,659.23 None None
560,187.06 1.00
None
None None None 981,232.65

LIABILITIES

Demand deposits~--~--~~----

~-- $

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

Deposits of States and political

subdivisions -------------------------------------Deposits of bankL................................

Other deposits (certified and offi-

cers' checks, etc.)-------------------------Bills payable..................................______

Acceptances executed by or for

account of this bank and out-

standing --------------------------------------------Other liabilitie~---~-Capital .........

Surplus -~-~--"------ ~---- Undivided profits

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

662,252,17 174.437.46
9,981.84
54,141.88 None
5,414.03 None
None None 25,000.00 25,000.00 8.212.25 16,793.02

Total Liabilities ~~~-~-~-~~~--~-~--~---- $ 981,232.65

STATEMENT

Showing condition at the close of business December 31, i 948, 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-
cluding reserve balances, and cash items in Pl'Ocess of collection ______ $
United States Government obligations, direct and guaranteed
Obliga!i'!n.s of States and political subdtVISlOnS -.------------------------- _
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

~--~~~--~--~-- $

434,401.64 226,592.82
None None None 282,562.37 3,465.42 None
None None None 947,022.25

LIABILITIES Demand deposits... ~. -~-----~-~- ---- $

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

Deposits of States and political

subdivisions

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

Deposits of banks ..~.."---

Other deposits (certified and offi-

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

account of this bank and out-

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

Cap ita! .... ~- ~--

Surplus

Undivided profit~~

Reserves

703,910.95 None
5,949,04
190,195.00 None
None None
None 85.20 25,000.00 15,000.00 1.663.94 5,218.12

Total Liabilities

947,022.25

TWENTY-NINTH ANNUAL REPORT

53

STATEMENT

Showing condition at the close of business December 31, 1948, 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 subdtvtswns ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank------- Loans and discounts (including
overdrafts) --------------- Bank premises owned, furniture and
fixtures -- ------- Real estate owned other than bank
premises ----- Investments and other assets indi-
rectly representing bank premises
or other real estate....--- Customers' liability to this bank on
acceptances outstanding______________
Other assets.----------

605,292.94 1,700,000.00
None None None 469,756.28 9,000,00
1.00
None None None

Total Assets ---- $ 2,784,050,22

LIABILITIES Demand deposits...--- $ Time deposits ------------------------------------Deposits of U. S. Government..____ Deposi~ . .of States and political
subdiVlSIODS -----------------------------------
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 ----------------------------------------------

1,840,212.27 633,790.46 None
93,876.83 42,717.52
584.00 None
None None 40,000.00 100,000.00 32,869.14 None

Total Liabilities---$ 2,784,050.22

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. COOPER, 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 guaarnteed --
Obligations of States and political subdivisions --
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank---Loans and discounts (including
overdrafts) --------- Bank premises owned~ furniture and
fixtures -------- Real estate owned other than bank
premises------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate........-- Customers' liability to this bank on
acceptances outstanding-----
Other asset----

1,318,079.02 1,538,471.24
113,290.99 None None
2,359,990.48 14,583.38 None
None None 41,555.37

Total Assets------- ......... $ 5,385,970.48

LIABILITIES

Demand deposit---- -- $

Time deposits __--- Deposits of U. S. Government_-- Deposi~. _of States and political

subdtvtstons -----------------------------------

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

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

Bills payable.......-----Aceeptances executed by or for

account of this bank and out-

standing ------ Other liabilities_........._..._.._.................-

Capital --------

Surplus

-------

Undivided profits----

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

2,884,224.49 1,688,804.02
7,178.85
355,822.00 114,598.67
30,806.02 None
None None 200,000,00 50,000.00 16,598.51 37,937,92

Total Liabilities____._ -- $ 5,385,970.48

54

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS & SOUTHERN BANK OF EAST POINT East Point. Ga.

As called for by the Superintendent of Banks

MILLS B. LANE, JR.,
President. Date of Charter: 11-12-1948

CHARLES E. WELLS,
Cashier. Began Business: 11-19-1948

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." of States and political
8Ubd1Vl810DS --------------------------------
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 ------------------------.-------------

348,232._14 626,906.78
None None None 611,683.81 20,277,47 None
None None 4,991.28

Total Assets----------------------------$ 1,610,990.48

LIABILITIES Demand deposits~------------------------ $ Time deposits~---------------------------Deposits of U. S. Government ______ Deposi?'. .of States and political
subdtvlStons ----------------------------Deposits of banks~----------------------------- Other deposits (certified and offiBicllesrspay'cahbelcek._s__,___e__t_c_._)_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding ------------------------------------
Other liabilities------------------------------Capital -------------------------------------------USunrdpilvuids ed---p--r-o--f-i-t-s-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-
Reserves ------------------------------------------------

748,483.11 386,648.00
23,312,72
172,048,06 None
19,228.29 None
None 36,726.66 100,000.00 25,ooo:oo
648.76 None

Total Liabilities~------------------------- $ 1,610,990,48

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
eluding reserve balances, and cash items in process of collection~------- $ United States Government obligations, direct and guaranteed_______ Obliga~i'!n." of States and political subdtvtstons ---------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank________________ Loans and discounts (including overdrafts) ---------------------------------Bank premises owned, furniture and fixtures --------------------------------------------Real estate owned other than bank premises ------------------------------------ -~-Investments and other assets indirectly representing bank premises or other real estate___________ Customers' liability to this bank on acceptances outstandinlf____ Other assets--------------------------------
Total Assets_____________________________

242,031,69 665,039.87
69,649.00 10,878.02
None 625,294,97
11,927.91 330.46
None None None 1,624,661.92

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
subdtVJSlODS ------------------------------
Deposits of banks~----------------- Other deposits (certified and offiBilclesrps'aycahbelcek_s_, _e_tc_.)_--_--_--_--_--_--_--_--_--_--_--_--_--
Acceptances executed by or for account of this bank and out-
Otshtear nldiaibnilgit-ie-s-_-__-__-__-_-__-__-__-__-__-_-__-__-__-__-_-__-__
Capital ------------------------SUunrdpilvuisded----p--r-o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves -----------------------------------------------

887,638.22 411,008.66
43,097.24
186,697.96 None
8,389.48 None
None 682.82 26,000.00 60.000.00 17,137.66 None

Total Liabilities________________________ $ 1,624,661,92

TWENTY-NINTH ANNUAL REPORT

55

STATEMENT

Showing condition at the close of business December 31, 1948, 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 eash items in process of collection ______ $ United States Government obligations, direct and guaranteed Obliga!i~n.s of States and political subdiVISions----------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank-----------------Loans and discounts (including overdrafts) -----------------------------Bank premises owned, furniture and fixtures ____ ---------------------------------Real estate owned other than bank premises ------------------------Investments and other assets indirectly representing bank premises or other real estate____________________
Customers' liability to this bank on acceptances outstanding______
Other assets---------------------------
Total Assets_____________________________ $

237,952.21 267,736.16
None None None 309,878.21 2,677.73 None
None None None 818,244.31

LIABILITIES Demand deposits___________________________ $
Time deposits ----------------------------------Deposits of U. S. Government Deposi!>'. _of States and political DespubodsiiVtsISolOf DbSank--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_Other deposits certified and offi-
cers' checks, etc.) __________ Bills payable______________________________
Acceptances executed by or for account of this bank and out-
Otshtaenr dinligab-i-li-ti-e-s-_-__-__-__-_-__-__-__-_-__-__-__-_-__-__-__-_-__
Capital --------------------------------USunrdpilvuisded----p-r--o-f--i-t-s-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_
Reserves -----------------------------------------------

425,445.04 263,552.05
8,926:25
75,961.90 None
2,306.82 None
None 1,949.05 25,000.00 10,000.00 5,103.20
None

Total Liabilities____________________________ $ 818,244.31

STATEMENT

Showing condition at the close of business December 3!, 1948, 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 item 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 prer:p.ises 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___________________________ $

485,84_5,87 603,991,34
10,345.01 None None
263,077.40 2.00
None
None None 253,75 1,363,515.37

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
SUhdiVISlODS ------------------------------------
Deposits of banks ________ ---------------------Other deposits (certified and offiBilclesrps'ayacbhleec_k_s_,___e_t_c_._)_--_-_-_-_-_--_-_-_-_-_--_-_-_---
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbi-li-t-i-e-s-_-__-_-__-_-_-__-_-__-_-_-__-_-__-_-_-__-_-__-_-_-__
Capital ----------------------------------Surplus ---------------------------Undivided profits----------------------------Reserves ---------------------------

1,008,162.04 55,273,26 12 ,202.19
127,805.52 9,976.88
10,349.28 None
None 3,940.55 50,000.00 51,000.00 34,805.65
None

Total Liabilities _________________________ $ 1,363,515.37

56

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 CLEVELAND, 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 obligationc, direct and guaranteed______

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

subdtvtstons --------------------- -----------------Other bonds, notes, and debentures

Corporate stocks (including stock of Federal Reserve Bank____________________

Loans and discounts (including overdrafts) ----------------- -------------------

Bank premises owned, furniture and fixtures __________________ ________

Real estate owned other than bank

premises -------------------------------------Investments and other assets indi...
rectly representing bank premises or other real estate_______________________

Customers' liability to this bank on acceptances outstanding_______________

Other assets..

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

320,871.96 1,183, 700.00
10,000.00 None None
1,141,976.32 23,425.92
None
None None 2,578.91

Total Assets.-------------------------------- $ 2,682,552,11

LIABILITIES Demand deposits......___________________________ $ Time deposits _______________________________________ Deposits of U. S. Government..______ Deposi~. .of States and political
DespubodsiiVtslSJoOfDSban--k---s--_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--__-
Other deposits (certified and offiBilclesrps'aycahbelcek__s_,____e_t_c_._)_-_-_-_-_-_-_-_~_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliinabgil-i-t-i-e--s-_--.-.-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-
Capital -----------------------------------------------SUunrdpilvuids ed pro-f-i-t--s-.-.-.-.-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_--------------
Reserves ----------------------------------------------

2,343,951.28 71,440.34 63,300,02
75,470.42 3,543,77
556.37 None
None None 50,000.00 50,000.00 34,289:91 None

Total Liabilities__________________________ $ 2,682,552.11

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks.

R. C. BROOKS, President.
Date <>f Charter: 9-10-1910

W. H. VanLANDINGHAM,
Cashier. Began Business: 9-16-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection__________ $
United States Government obligations, direct and guaranteed__
Obliga!i'!n.s of States and political
SUbdlVlSlODS ------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank____________________
Loans and discounts (inc I u d fn g 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 -----------------------------------------

352,262.77 181,500.00
None None None 514,637.24 2,088.75
1.00
None None 3,143.77

Total Assets ----------------------------------- $ 1,003,633.53

LIABILITIES Demand deposits ______________ -------------------- $ Time deposits ________________________________________

Deposits of U. S. Government ......
Deposits of States and political subdivisions ----------------------
Deposits of banks --------------------------------Other deposits (certified and ofli. Bilclesrps'aycahbelcek__s__,____e_t_c__._)_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_~__-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t--i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital ........ ------------------------ __________________

Surplus ........

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

Undivided profits _______ -----------------------

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

621,193.38 88,006.98 23,040.75
121,210.79 None
51,927.95 None
None None 25,000.00 50,000.00 23,253.68 None

Total Liabilities ----------------------------- $ 1,003,633.53

TWENTY-NINTH ANNUAL REPORT

57

STATEMENT Showing condition at the close of business December 31, 1948, of
THE BANK OF ELLIJAY Ellijay, Ga.

As called for by the Superintendent of Banks.

E. T. HUDSON, President.
Date of Charter: 5-21-1914

MRS. ROSALIND WESTMORELAND, Cashier.
Began Business: 6-1-1914

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection __________ $
United States Government obligations, direct and guaranteed _______
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 esate 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.________________________________

365,391.92 2,056,196. 76
162,237.41 None None
477,850.49 3,000.00 150.00
None None 16,306.06

Total Assets ____________________________________ $ 3,081,132,64

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 offiBilclesrsp,aycahbelcek__s__,____t__t_c__._)___-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-

Acceptances executed by or for

account of this bank and out-

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

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

Debentures --------------------------------------------Capital ------------------

Surplus

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

Undivided profits.---------------------

Reserves ___ ------------------------- --------------------

1,267,861.70 1,442,575.88
8,472.98
258.434.62 44.59
933.10 None
None 7,354.32 13,800.00 25,000.00 30,000.00 1,655.45 25,000.00

Total Liabilities ------------ ------------- $ 3,081,132.64

STATEMENT

Showing condition at the close of business December 31, 1948, of

FAIRBURN BANKING COMPANY Fairburn, Ga.

As called for by the Superintendent of Banks.

Y. H. LONGINO, President.
Date of Charter: 9-14-1891

WINNER B. LONGINO, Cashier.
Began Business: 1902

ASSETS Cash, balances with other banks, 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 subdJVlSlOllS ---------------------------------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____ -----------------------------------

150,722.38 521,108.86
None None None 334,907.85 12,131.69 None
None None 14,659.48

- $ 1,033,530.26

Demand

LIABILITIES d e p o s i t s ____________________________________

$

Time deposits ________________________________________

Deposits of U. S. Government _______ Deposi~. .of States and political
SUbdlVISlOnS -----------------------------------Deposits of banks.--------------------------------Other deposits (certified and offi-
Bilclesrps'aycahbelcek_s__,___e__t_c_._)_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_--

Acceptances executed by or for account of this bank and out-
standing ------------------------------------------Other liabilities---------------------------------Capital --------------------------------------------------Surplus -------------------------------------Undivided profits-----------------Reserves -

692,160.76 250,732.24
1,617:31
8,480.89 None
1,349.78 None
None 1,690.45 25,000.00 31,000.00 15,154.53 6,344.30

Total Liabilities ---------- ______________ $ 1,033,530.26

58

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Fayetteville, Ga.

As called for by the Superintendent of Banks.

C. D. REDWINE, President.
Date of Charter: 2-6-1906

H. C. HEWELL, Cashier.
Began Business: 3-13-1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

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

United States Government obliga-

tions, direct and guaranteed _

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

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

Corporate stocks (including stock of

Federal Reserve Bank) ---

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

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

Real estate owned other than bank

premises ________

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

Investments and other assets indi-

rectly representing bank premises

or other real estate________ -----------------

Customers' liability to this bank on acceptances outstanding___________

Other assets____________________ ----------------

581,438.89 255,000._00
None None None 217,299.27 3,000.00 1,700.00
None None None

Total Assets __________________ ------ $ 1,058,438.16

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 DeSpuobdsiiVtsISoIOf nbSan-k--s--_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_~_-_-_-_-
Other deposits (certified and offiBilclesrps'aycahbelcek__s_,___e_t_c_._)_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-ie--s-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-
Capital -----------------------------------------Surplus --------------------------------------------------Undivided profits-------------------------------Reserves --------------------------------------------

746,364.77 32,430.37 8,642.36
225,000.00 None
376.04 None
None None 25,000.00 10,000.00 10,724.63 None

Total Liabilities_

--------- $ 1,058,438.16

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF FINLEYSON Finleyson, Ga.

As called for by the Superintendent of Banks.

J. W. CONNER, SR., President.
Date of Charter: 9-20-1910

CLARENCE FINLEYSON, Cashier.
Began Business: 9-20-1910

ASSETS

Cash, balances with other banks, in-

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

82,216.80

United States Government obliga tions, direct and guaranteed---~--
Obliga~i'?n!' of States and political
subdiVISions ------------------------Other bonds, notes, and debentures

200,000.00
None None

Corporate stocks (including stock of

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

None

Loans and discounts (including overdrafts) -------
Bank premises owned, furniture and fixtures ---------------------------------------

133,586.32 530.04

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---------------------------- $ 416,338.16

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
subdtVlSIOnS --------------------------------Deposits of banks-----------------------------Other deposits (certified and offiB i cl lesrps 'a ycahbelcek__s_, __e__t c__. )_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_- - -
Acceptances executed by or for account of this bank and out-
Otshtearndilnigab-i-li-t-i-e-s-_-__-_-__-_-__-_-__-_-__-_-__-_-__-__-_-__-_-__-_-__-_
Capital -------------------------------------SUunrdpilvuisded----p--r-o--f--i-t-s-_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_
Reserves -----------------------------------------------

337,138.72 13,696:06 None
711.08 None
2,381.06 None
None 5,651.66 25,000.00 25,000.00 6,655:68
200.00

Total Liabilities_________________________ $ 416,333.16

TWENTY-NINTH ANNUAL REPORT

59

STATEMENT

Showing condition at the close of business December 31, 1948, of

FIRST STATE BANK Fitzgerald, Ga.

As called for by the Superintendent of Banks

B. I. ANDERSON, President.
Date of Charter: 5-24-1948

M. M. STEPHENS, Cashier.
Began Business: 7-19-1948

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 (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 ____________ ------------------- $

696,556.31 355,946.07
None None None 62,466.57 6,967.48 None
7,289.96 None None
1,029,225.39

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 DespubodstiVtsISloOfDbSan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_--_
Other deposits (certified and offiBicllesrsp'aycahbeclek_s_,___e_t_c__._)__-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Acceptances executed by or for account of this bank and out-
Otshtearndliinabgil-i-t-i--e--s-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_
Capital -----------------------------------------Surplus -------------------------------- Undivided profits -----------------------------Reserves -------------------------------------------------

626,162.40 30,062.99 None
200,000.00 50,027,14
5,264._91 None
None None 100,000.00 18,717.95 None None

Total Liabilities-------------------------- $ 1,029,225.39

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS BANK Folkston, Ga.

As called for by the Superintendent of Banks.

WILLIAM MIZELL,
President. Date of Charter: 12-12-1911

R. A. BOYD, Cashier.
Began Business: 1-4-1912

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

United States Government obligations, direct and guaranteed ________

Obliga~i~n!' of States and political

subdiVISIODS ----------------------------------
Other bonds, notes, and debentures
Corporate stocks (including stock of Federal Reserve Bank) ________

Loans and discounts (including

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

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

-----

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding_ _ __

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

Total Assets___________________________ $

495,369..75 1,001,360.00
28,954.96 20,232:04
None 687,556.60
14,422.79 940,00
None None None 2,148,826.14

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 DespubodsiiVtsISIoOfDbSank--s-.-_-__-_-_-__-_-_-__-_-_-__-_-_-_-__-_-_-__-_-_Other deposits (certified and offiBicllesrsp' aycahbelcek_s__,___e__t_c_._)_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearnldiianbgili-ti-e-s-__-__-_-__-_-__-__-_-__-__-_-__-_-__-__-_-__
Capital -------------------SUunrdpilvuisd e-d - -p-r o-f-i t-s _-__-__-__-__-_-__-__-__-__-__-__-_
Reserves -----------------------------

1,011,653.73 757,883.42 None
156,962.96 202.66
1,522.01 None
None 46,138.14 15,000.00 15,000.00 130,462.34 15,000.00

Total Liabilities__________________ $ 2,148,826.14

60

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 194.8, of

CITIZENS BANK OF FORSYTH Forsyth, Ga.

As called for by the Superintendent of Banks.

H. H. HARDIN, President.
Date of Charter: 2-17-1920

JNO. T. STEPHENS, Cashier.
Began Business: 3-1-1920.

ASSETS

Cash, balances with other banks, in-

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

United States Government obliga-

tions, direct and guaranteed

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...

reetly representing bank premises or other real estate----------~------------Customers' liability to this bank on acceptances outstanding_________________ Other assets___________________________________________

1,017,148,14 406,850.00 43,151.10 None None 177,006,52 1,501.00 None
None None None

Total Assets - --------------------------$ 1,645,656.76

LIABILITIES Demand deposits__ _______ __________ ______ $ Time deposits _____________________________________ Deposits of U. S. Government_______ Deposi~s . .of States and political
DeSpUobsdiJtVslSoIOf DbSan-k---s--__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and offiBicllesrs~paycahbelcek_s__._____e_t_c__._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndilniagb-i-l-i--t-i-e--s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------------SUunrdpilvuisde-d---p---r-o--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves -------------------

1,527,295.59 None None
23,342.08 None
3,623.62 None
None None 40,000.00 10,000.00 6,000.00 35,395,47

Total Liabilities

--------------- $ 1,645,656. 76

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

G. OGDEN PERSONS, President.
Date of Charter: 3-9-1910

HARRIS H. CARTER, Cashier.
Began Business: 1910

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

United States Government obligations, direct and guaranteed----~~-
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____________________________________________

389,189.31 168,000.00
None None None 575,870,91 2,900.00 31,101.00
None None None

Total Assets

---------------------$ 1,167,061.22

LIABILITIES TDiemmeanddepdoespiotss_i_t_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_- $
Deposits of U. S. Government______ Deposi~. .of States and political DeSpuobsdilVtslSolOf nbSan-k---s--_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offi Bicllesrs'pacyhaebckles_,__e__t_c_._)_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_
Acceptances executed by or for account of this bank and out-
Otshtearndliianbiglitie-s-_--_-_-_--_-_-_-_--_-_-_--_-_-_-_--_-_---------------_-_-_-_-__
Capital ---------------------------------------------------SUunrfpiilvuisde-d-----p--r--o--f-i--t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves -------------------------------

1,008,413.00 None None
12,948.86 None
None None
None 152.21 50,000.00 50,000.00 None 45,547.15

Total Liabilities

----------------- $ 1,167,061.22

TWENTY-NINTH ANNUAL REPORT

61

STATF..MENT Showing condition at the close of business December 31, 1948, of
MONROE COUNTY BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

W. C. HILL, President.
Date of Charter: 11-2-1908

C. F. HEARD, Cashier.
Began Business: 10-15-1908

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection-------- $ United States Government obligations, direct and guaranteed ______
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 ____________________________________________

199,485,01 519,770,00
4,000.00 12,720.00
None 723,757.76
25LOO 1,530.00
None None None

Total Assets ______ ------------------- _________ $ 1,461,513.77

LIABILITIES DTiemmeanddedpeopsoitssi_t_s___-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-______________$ Deposits of U. S. Government _______ _ Deposi?'. _of States and political DespubodsliVtslSolOf lblSank--s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offiBicllesrs'pacyhaebclsek__,____e__tc__._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndilniagbili-t-i-e-s-_-_--_-_-_--_-_--_-_-_--_-_---------_--_-_-_-_-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------------SUunrdpilvuisded prof-i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_--_
Reserves --------------------------------------------------

1,092,802.21 227,025.18 15,577.90
33,578.20 None
2,468.90 None
None 19,869.35 25,000.00 40,000.00
5,192.03 None

Total Liabilities______________________________ $ 1,461,513.77

STATEMENT

Showing condition at the close of business December 31, 1948, of

FORT GAINES BANKING CO. Fort Gaines, Ga.

As called for by the Superintendent of Banks.

W. B. HALEY, President.
Date of Charter: 2-11-1937

W. G. GRIMSLEY, Cashier.
Began Business: 2-15-1937

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $ United States Government obligations, direct and guaranteed________
Obliga!i'!n." of States and political SubdlVlSlODS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----Loans and discounts (including
overdrafts) ___ ----------Bank premises owned, furniture and
fixtures ____________ --------------------------------Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate____________________________
Customers' liability to this bank on acceptances outstanding________________
Other assets ______________________________
Total Assets ____________________________________ $

826,782.98 400,100.00
None None None 85,517.96 3,700.00 None
None None None 1,316,100.94

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 DeSpUobsdiltVslSolOf DbSanks___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrs'pacyhaebclkes_.___e__t_c_._)_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i--e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital _________ ----------------------------------------SUunrdpilvuisded prof--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-____________
Reserves ------------------------------------------------

1,067,482.02 117,112.24 None
52,220.76 None
1,984.68 None
None None 25,000.00 40,000.00 12,301.24 None

Total Liabilities______________________________ $ 1,316,100,94

62

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the dose of business December 31, 1948, of

BANK OF FORT VALLEY Fort Valley, Ga.

As called for by the Superintendent of Banks.

W. E. GREENE, President.
Date of Charter: 10-11-1924

HERBERT HUCKABEE,
Cashier. Began Business: 10-15-1924

ASSETS Cash, balances with other banks, in-
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 subd1vls10ns ---------------------------------------
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-
orercotltyherreprereasl eensttiantge__b_a__n_k___p__r_e_m__i_ses
Customers' liability to this bank on acceptances outstanding_____________
Other assets ____________________________________

429,668.98 1,748,087.41
28,274.38 None None
650,022.62 3,120.75 None
None None None

Total Assets __________________ -----------------$ 2,869,174.14

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 Despuobsdittvslsotfonbsank--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--Other deposits (certified and offiBicllesrs'pacyhaebclkes_.___e_t_c_._)_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-ti-e--s-_-_-_-_--_-_-_-_--_-_-_-_--_-_-_-_--_-_--
Capital --------------------------------------SUunrdpiliuvds e-d----p-r--o-f-i-t-s--__-_-_-__-_-__-_-_-__-_-__-_-_-__-_-_-__-_-__-_-_-__-_-_
Reserves ------------------------------------------------

2,082,082,04 102,069.37 37,166.08
314,236.61 None
107,634.60 None
None None 100,000.00 60,000.00 66,096.49 None

Total Liabiilties__________________________ $ 2,859,174.14

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF HEARD COUNTY Franklin, Ga.

As called for by the Superintendent of Banks.

H. J. MICKLE,
President. Date of Charter: 10-14-1905

J .. T. MICKLE, Cashier.
Began Business: 10-18-1905

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

246,019.14 654,673.18
8,348.00 None None
352,590.93 1,382.35 None
None None 64.73

Total Assets _____________________________ $ 1,163,078.33

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
DeSpuobdsJitVsISoIfOlblSank-s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_Other deposits (certified and offiBicllesrs'pcahyeacbklse,__e_t_c_._)_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_--
Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigab-i-l-i-t-i-e-s--_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_
Capital --------------------------------------SUunrdpilvuisde-d----p--r-o--f-i--t-s-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_
Reserves -----------------------------------------------

647,430.80 365,164.45
9,180:6o
60,144.04 None
963.78 None
None 3,506.00 26,000.00 25,000.00 13,031.60 23,668.06

Total Liabilities______________________ $ 1,163,078.38

TWENTY-NINTH ANNUAL REPORT

63

STATEMENT

Showing condition at the close of business December 31, 1948, Gf

THE CITIZENS BANK Gainesville, Ga.

As called for by the Superintendent of Banks.

JOHN H. HOSCH, President.
Date of Charter: 5-19-1913

R. A. BRICE, Cashier.
Began Business: 6-1913

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed ________ Obliga~i~n.s of States and political
SUbdJVISlODS ---------------------------------------
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-
orercotltyherreprereasl eensttiantge__b__a_n__k___p__r_e_m___i_s_e__s
Customers' liability to this bank on acceptances outstanding_______________
Other assets------------------------------

644,603.31 2,319,337,36
263,828.60 None None
993,936.18 10,900.62 None
None None None

Total Assets _____________ -------------------- $ 4,132,605.07

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
subd1vtstons ----------------------------------Deposits of banks_____ ---------------------------Other deposits (certified and offiBicllesrs'pacyhaebclke_s_,___e_t_c_._)__-_--_-_-_--_-_-_--_-_-_--_-_-_-_--_-_----
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e-s-_-_--_-_-_--_-_-_--_-_-_--_-_-_-_--_-_-_--_-_-
Capital ----------------------------------SUunrdpilvuisde-d------p--r-o--f--i-t-s-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-
Reserves ----------------------------------------

3,263,296.69 320,843,94 68,886._94
168,147-49 9,067,78
4,673-67 None
None None 100,000-00 100.000-00 107,588.76 None

Total Liabilities ______ ------------------- $ 4,132,506-07

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF GIBSON Gibson, Ga.

As called for by the Superintendent of Banks.

E. E. GRIFFIN, SR., President.
Date of Charter: 11-7-1905

E. E. GRIFFIN, JR., Cashier.
Began Business: 11-27-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $ 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 indirectly representing bank premises or other real estate_______________ Customers' liability to this bank on acceptances outstanding_________ Other assets___________________
Total Assets________________________________ $

239,096.81 136,000,00
34,425.00 6,000.00 None 67,696-34 10,000.00 None
None None None 492,218.16

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 Despuobsdittvstsotfonbsan--k-s-__-_-__-__-_-__-_-__-_-__-_-__-_-__-_-__-_
Other deposits (certified and offiBicllesrs'pacyhaebclkes_,___e_t_c_.)_-_-_-_--_-_-_-_--_-_-_-_--_-_-_-_--_-_-_--_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-ie--s-_-_--_-_--_-_-_--_-_--_-_--_-_-_--_-_--_--
Capital ------------------------------------SUunrdpilvuisde-d----p--r-o--f-i-t-s-_-_-__-_-_-__-_-_-__-_-_-__-_-_-_-__-_-_-__-_-_-__-_-_-_
Reserves ---------------------------------------

468,008-16 None None
None None
None None
None None 16,000-00 6,000.00 4,130.00 None

Total Liabilities____________________________ $ 492,218.16

64

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1948, of
,CITIZENS BANK Glennville, Ga.
As called for by the Superintendent of Banks.

J. C. BEASLEY, President.
Date of Charter: 12-31-1942

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

United States Government obligations, direct and guaranteed ------
Obliga~i~n!' of States and political

subdlVlSIOnS -------------------- -------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

overdrafts) --------- . ___ .....

Bank premises owned, furniture and

fixtures

___ _

Real estate owned other than bank

premises ------------------------------------------Customers' liability to this bank on
acceptances outstanding__________________

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

285,000.25
413,000.00
100,000.00 None
None 284,417.00
250.00
None None None

H. D. STRICKLAND, Cashier.
Began Business: 1-4-1943

LIABILITIES Demand deposits._--------------------------------$ Time deposits----------------------------------------Deposits of U. S. Government _______
Deposi!s. _of States and political
DeSpUobsdiitVslSolOf ObSank--s-.--_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__--_-
Other deposits (certified and offiBicllesrs'pacyhaebclkes_,___e__t_c_._)_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding --------------------------------------------
Other Iiabilities__________....----------------Capital --------------------------------------------------Surplus _______ -------------------------------------------Undivided profits ------------------Reserves -------- ---------------------------------------

597,563.48 140,447.03
302.17
264,774.29 None
3,255.38 None
None None 30,000.00 6,000.00 1,019.26 39,305.64

Total Assets

--- $ 1,082,667.25

Total Liabilities .

------ $ 1,082,667.25

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE GLENNVILLE BANK Glennville, Ga.

As called for by the Superintendent of Banks.

C. W. KICKLIGHTER, President.
Date of Charter: 1-12-1905

J. A. BACON,
Cashier. Began Business: 1-18-1905

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

United States Government obliga-

tions. direct and guaranteed_

Obliga~i~n!' of States and political

subdlVlSlODS --------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures _____ --------------------------------------

Real estate owned other than bank

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

Investments and other assets indi-

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding__________________

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

Total Assets ________________________ ---$

229,919.93 753,463.08
None None None 455,376.49
1.00 None
None None None 1,438,760.50

LIABILITIES TDiemmeanddepdoespitoss_i__t_s___________________-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_$
Deposits of U. S. Government ______ Deposi~s. _of States and political DeSpuobsdiltVslSoIfOnbsan-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 -----------------------------------------Surplus ---------- -------------------------- Undivided profits Reserves ------------------------------ -------------------

973,113.00 255,806.45 14,419.47
111,339.76 None
5,027.44 None
None None 30,000.00 30,000.00 4,072.96 14,981.42

Total Liabilities --------------. $ 1,438,760.50

TWENTY-NINTH ANNUAL REPORT

65

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE. GORDON BANK Gordon, Ga.

As called for by the Superintendent of Banks.

R. F. GIBBS, President.
Date of Charter: 6-8-1946

R. F. GIBBS, Cashier.
Began Business: 8-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _______ $
United States Government obliga-
tions, direct and guaranteed.--------Obliga~i'!n.s of States and political

subdtVISJODS --------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) __________ _____

______ __

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

premises ----------------------------~---------------

Investments and other assets indi-

rectly representing bank presises <>r other real estate________________________

Customers' liability to this bank on acceptances outstanding_________________
Other assets __________________________________________

Total Assets

----$

218,560.17 25,000.00
None None None 154,710.26 7,840,23 None
None N<>ne None 406,110.66

LIABILITIES Demand deposits _______ ---------------------- _____ $ Time deposits -------------------------------------Deposits of U. S. Government ___ Deposi!s. _of States and political
subdtVlSlODS -------------------------------------
Deposits of banks_______________________________
Other deposits (certified and officers~ checks, etc.)-------------------------
Bills payable---------------------------------------- Acceptances executed by or for
account of this bank and outOtshtearndliinabgil-i-t-i--e-s--_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-___
Capital -------------------------------------------------Surplus --------------------------------------------------Undivided profits_____________ _
Reserves ------------------------------------------------

291,197.68 26,716.56 1,460.00
38,174.70 None
2,612.91 None
None None 35,000.00 7,000.00 3,949.91 None

Total Liabilities

. ----$ 406,110.66

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF GRAY Gray, Ga.

As called for by the Superintendent of Banks.

D. V. CHILDS, President.
Date of Charter: 8-23-1909

D. V. CHILDS, Cashier.
Began Business: 8-28-1909

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection - $

United States Government obliga-

tionc, 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 ------------------- ------

Reparlemesitsaetse __o__w___n__e__d____o___t_h__e_.r.__t__h__a__n_____b__a__n__k_

Investments and other assets indirectly representing bank premises or other real estate ___________

Customers' liability to this bank on
acceptances outstanding-----------------Other assets -------------------------------------------

Total Assets -------------

.. ----$

225,103.95 189,000.00
1,000.00 None None
172,550.66 2.00
None
None None None 587,656,61

LIABILITIES Demand deposits ---------------------------------- $ Time deposits __ Deposits of U. S. Government _______ Deposits of States and political
subdivisions -----------------------------------Deposits of banks---------------------------------Other dep<>sits (certified and officers

checks, etc.) ------------------------------------- Bills payable _________________

Acceptances executed by or for account of this bank and out-

Otshtearndliinabgiliti--e--s-.--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-____________

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

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

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

Undivided profits

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

493,269.24 33,23~.42 None
16,114.04 None
1,303.70 None
None None 25,000.00 5,000.00 13,737.21 None

Total Liabilities

-- $ 587,656.61

66

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF GREENSBORO Greensboro, Ga.

As called for by the Superintendent of Banks.

T. B. RICE, President.
Date of Charter: 10-13-1926

C. WELDON SMITH, Cashier.
Began Business: 10-14-1926

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection------- $ United States Government obliga. tions, direct and guaranteed.______ Obligations of States and political subdivisions ---------------------------- _______ Other bonds, notes, and debentures Corporate stocks (including stoek 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_________________________
Cuasctcoempetarns'celisaboiulittsytatnoditnhgis___b__a__n___k___o__n_ Other assets_______________________________
Total Assets. _______________________________ $

333,887.51 224,000.00
3,952.00 None None
633,533.25 2,824.10 None
None None None 1,198,196.86

Demand depo.rits__L___I_A___B___I_L___I_T___I_E___S_______ $ Time deposits ______________________ Deposits of U. S. Government________ Deposi?J. _of States and political
subdlVlSIODS -------------------------------------
Deposits of banks-----------------------Other deposits (certified and offi-
cers' checks, etc.)--------------------------Bills payable .................................... Acceptances executed by or for
satcacnoduinntg o__f_____t_h__i_s___,b__a_n__k_, _a__n_d____o_u__t_Other liabilities___________________________
Capital ------------------.....................-------Surplus ---------------------------- __________.._______ Undivided profits ____ --------------------------Reserves --------------------------------------------------

768,837.48 134,291.14
30,634.20
143,006.09 None
3,198,10 None
None None 50,000.00 50,000.00 4,229.85 14,000.00

Total Liabilities--------------------------$ 1,198,196,86

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS BANK Greensboro, Ga.

As called for by the Superintendent of Banks.

S. F. GUTHRIE, President.
Date of Charter: 3-9-1946

M. E. SISK,
Cashier. Began Business: 4-1-1946

ASSETS Cash, balances with other banks, In-
cluding reserve balances, and eash items in process of collection ------- $ United States Government obligations, direct and guaranteed ______ _ Obllga~i~n_s of States and political
subdlVlSlODS ---------------------------------------
Other bonds, notes, and debentures Corporate stocks (Including stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) ____________________________ -----------
Bank premises owned, furniture and fixtures ----------------------------------------------
Real estate owned other than bank premises ..............................................
Investments and other assets indirectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding...--..- ....
Other assets----------------------------------..-
Total Assets___________________, __ ............ $

506,903,49 125,000,00
29,000,00 None None
377,989.48 5,124.88 None

LIABILITIES Demand deposits --------------------------------- $ Time deposits ___________ -------------------------Deposits of U. S. Government________ Deposi?J..of States and politica:I
DeSpuobdsiiVtsISoIOf DbSan--k--s--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-__--_
Other deposits (certified and officers' checks, etc.)--------------------------
Bills payable.-----------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-.-.-.-.-_-
Capital ------------------------------------------- SUunrdpilvuids e-d------p--r--o--f-i-t-s--_-_-_-__-_-_-_-_-_._.___-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-
Reserves ------------------------------------------------

841,413.18 79,659.32 None
10,000.00 None
17,938.63 None
None None 62,600.00 12,500.00 20,006.72 None

None

None None

------------------------------------- 1,044,017.85

Total Liabilities____, ____, ________________,$ 1,044,017.85

TWENTY-NINTH ANNUAL RE:PORT

67

STATEMENT

Showing condition at the close of business December 31, 1948, Qf

THE GREENVILLE BANKING CO. Greenville, Ga.

As called for by the Superintendent of Banks.

H. W. HILL, JR., President.
Date of Charter: 10-24-1887

H. V. WHITWORTH, Cashier.
Began Business: 1891

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection ______ $
United States Government obliga tions, direct and guaranteed _
Obligations of States and political subdivisions _
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) __________________

Loans and discounts (including

overdrafts )

Bank premises owned, furniture and

fixtures

____________ _

Real estate owned other than bank

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

Customers' liability to this bank on

Otahcecrepatsasnectes s____o__u__t_s__t_a__n__d__i_n__g_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-_-_

211,648,31 614,702,53
1,580.06 None None
299,115.52 8,200,00 2,000,00
None None None

Total Assets

----------------$ 1,137,246,42

LIABILITIES

TDiemmeanddepdoespitoss_its _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_ _

__ $

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-
O tshtearn dl iianbgi l i t i e s ____-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-___

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

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

Surplus

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

Undivided profits

Reserves

837,928.59 59,134.75 881:25
129,581.04 None
711.42 None
None None 46,000.00 50,000.00 4,000.00 534.37 8,475.00

Total Liabilities .__ _

-------- $ 1,137,246,42

STATEMENT Showing condition at the close of business December 31, 1948, of
COMMERCIAL BANK & TRUST CO. Griffin, Ga.

As called for by the Superintendent of Banks.

T. J. BLAKELY, President.
Date of Charter: 10-11-1889

D. J. ARNOLD, Vice-President.
Began Business: 10-9-1890

ASSETS

Cash, balances with other banks, in-

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

United States Government obliga-

tions, direct and guaranteed_

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

1,086,986.07 2, 763,973.20
38,386.28 2,575.00
None 2,487,903.93
46,379.85 30,003.00
None None 1,247.37

Total Assets_ -------------------------------- $ 6,457 ,454. 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-

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

3,382,013.36 1,901,718.28
61,974.81
322,950.48 140,867.73
19,874.90 None
None 180,647.79 100,000.00 100,000.00 220,636.23
26,771.12

Total Liabilities _

------ $ 6,457 ,454. 70

68

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE STATE BANK Griffin, Ga.

As called for by the Superintendent of Banks.

D. R. CUMMING, President.
Date of Charter: 4-24-1933

F. WESTMORELAND, Cashier.
Began Business: 5-2-1933

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

958,543.02 4,836,778.39
25,003.49 Nolte None
1,564,227.88 8,762.76
None
None None 1,000.00

Total Assets ~--~-~--~-~-~- ~~--~--.- ~ ~- $ 7,394,315.54

LIABILITIES

Demand deposits .

..... $

Time deposits

Deposits of U. S. Government_

Deposita 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 --------------------------------------------------

5,749,707.88 767,965.15 90,029.48
361,479.83 6,233.35
11,635.48 None
None None 50,000.00 250,000.00 107,264.37 None

Total Liabilities - ~~~- -- ............ $ 7,394,315.54

STATEMENT

Showing condition at the close of business December 31, 1948, of

JONES COUNTY BANK Haddock, Ga.

As called for by the Superintendent of Banks.

GRADY A. S.MITH, President.
Date of Charter: 7-14-1905

L. M. WOODCOCK,
Cashier. Began Business: 7-25-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection $ United States Government obligations, direct and guaranteed __________
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 ......

~ -------- $

19S,170.92 20,000.00
None None None 352,086.95
.50 .50
None None None 570,258.87

LIABILITIES Demand deposits .. ~--~~ ~-~~~----~.-----~ .~ ..$ Time deposits _________________.. ________ _
Deposits of U. S. Government _____ Deposi~. .of States and political
subdlVISlOllS -------------- -----------------------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 ---

403,272.96 77,970.14 4,977.53
11,500.00 None
2,530.60 None
None None 25,000.00 25,000.00 10,007.64 10,000.00

Total Lhbilities

570.258.37

TWENTY-NINTH ANNUAL REPORT

69

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS BANK OF HAHIRA

Hahira, Ga.

As called for by the Superintendent of Banks.

D. K. HOLLIS, President.
Date of Charter: 2-12-1927

MRS. J. W. DARBY, Cashier.
Began Business: 2-21-1927

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

United States Government obligations, direct and guaranteed _____ _

Obliga~i~n~ of States and political

subd1v1siOns -----~--------- -----------------------

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 aeseta............................................

393,096.83 62,000.00 20,000.00 None None
341.282.70 1,339.37 None
None None None 817,718.90

LIABILITIES Demand deposits--------------------------------- $ Time deposits..------------------------------------Deposits of U. S. Government________ _
Deposits of States and politieal 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--------------------------------

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

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

Surplus

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

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

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

462,815.68 195,394.04
5,000.00
13,768.83 66,277.97
1.00 None
None None 3,050.00 15,000.00 45,000._00 187.88 11,223.50

Total Liabilities ___ _

817,718.90

STATEMENT

Showing condition at the close of business December 31, 1948, of

COMMERCIAL BANKING COMPANY Hahira, Ga.

As called for by the Superintendent of Banks.

TALLEY LAWSON,
President. Date of Charter: 1-29-1945

V. A. GASKINS, Cashier.
Began Business: 4-5-1945

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

United States Government obligations, direct and guaranteed ______ _

Obliga~i~n~ of States and political

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

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

overdrafts)

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

Bank premises owned, furniture and

fixtures __

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding________________
Other assets______________________________________

114,317.27 248,664.05
None None None 68,508.45 1,500.00 None
None None None 432,989,77

LIABILITIES

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

Time deposits..

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

Deposits of U. S. Government________

Deposi~s. _of States and political

SubdiVlSlODS --------------------------------------

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

Bicllesrps'aycahbelcek_s__,___e_t_c__._)_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliinabgil_itie-s--_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

Capital ---------------------------------------------- Surplus ----------------- ------------------------------ Undivided profits__
Reserves ------------------

313,680.70 76,782.15 None
1,286.49 None
4.00 None
None None 25,000.00 5,000.00 886.48 10,35o;oo

Total Liabilities ___ _

432,989.77

70

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANK OF HAPEVILLE Hapeville, Ga.

As called for by the Superintendent of Banks.

GEO. F. LONGINO, President.
Date of Charter: 7-20-1945

H. G. FORT, Cashier.
Began Business: 9-4-1945

ASSETS Cash, balances with other banks, in..
eluding reserve balances, and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed _______ Obliga~i~n!' of States and political
subdJVlSlODS ---------------------------------
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 tol yt h er er prreeasle netsi nt agt eb__a__n___k____p__r__e__m_ . _i_s__e__s_
Customers' liability to this bank on acceptances outstanding__________~-----
Other assets____________________________________ _

570,073,85 315,710.18
None None None 663,780.48 38,477.78 None
None None 8,625.52

Total Assets--------------------------------$ 1,596,667.81

LIABILITIES Demand deposits --------------------------------- $ Time deposits--------------------------------------Deposits of U. S. Government________ Deposi~s . .of States and political
SUbdtVISIODS -------------------------------------
Deposits of banks _____ --------------------------Other deposits (certified and offi Bilclesrps'aycahbelcek__s__,____e_t_c__.)_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbi-l-i-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__
Capital ----------------------------------------------SUunrdpilvuids e-d---p--r--o--f-i-t-s--_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_
Reserves --------------------------------------------------

929,044.46 521,242.82
None
50,176.99 None
5,791.26 None
None 172.65 60,000.00 25,000.00 6,582.76 8,656.87

Total Liabilities-----------------------------$ 1,596,667.81

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF COLUMBIA COUNTY Harlem, Ga.

As called for by the Superintendent of Banks.

J. T. BARNSLEY, President.
Date of Charter: 11-29-1909

E. D. CLARY, JR. Cashier.
Began Business: 12-13-1909

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash item in process of collection ___ $ United States Government obligations, direct and guaranteed________ Obligations of States and political subdivisions -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)--------------Loans and discounts (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__________________________________ $

209,297.50 171,000.00
15,448.25 None None
226,814.26 2,167, 70
None
None None None 624,727.71

LIABILITIES TDiemmeanddedpeopsoitssi_t_s___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-____________$
Deposits of U. S. Government __ _ Deposi~. _of States and political D espubodsiiVt sISoIOf DbSa n k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and offi Bicllesrps'aycahbelcek__s__,___e_t_c_._)_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbi-l-i-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__
Capital --------------------------------------------SUunrdpilvuisde-d-----p--r--o-f--i-t-s--_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-__-_-_-_-_-_-_
Reserves ------------------------------------------------

473,463.82 36,121.33 2,361.20
43,171.35 None
871.16 None
None 2,268.02 25,000.00 25,000.00 11,470.83 5,000.00

Total Liabilities________________________ $ 624,,727.71

TWENTY-NINTH ANNUAL RIDPORT

71

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANKING COMPANY OF HARTWELL Hartwell, Ga.

As called for by the Superintendent of Banks.

A. F. BELL,
President. Date of Charter: 11-28-1942

E. C. GRIFFmH, Cashier.
Began Business: 1-2-1943

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------- $ United States Government obligations~ direct and guaranteed ___ _
Obliga~i~n;; of States and political
subdtvtstons --------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) _________________

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

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

Investments and other assets indi..

rectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding_________________

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

637,805.51 964,376,86
None None None 375,982,03 6,750.00 None
None None None

Total Assets ----------------------------------- $ 1,984,914.40

LIABILITIES TDiemmeanddepodsepitoss_i_t_s_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-__-__-_-_-_-_-- $

Deposits of U. S. Government ______

Deposi!'s. .of States and political

DeSpUobsdittVslSolOf

DbSan

----------------------------------~ ks _______________________________

Other deposits (certified and offiBilcles rps'aycahbelcek_s__,___e_t_c_._)_~_~_-__-_~_~_-_~_-_~_-_~__-_-_-_-_~_~_~_~_-__~_~_-_-_-

Acceptances executed by or for
account of this bank and outstanding ---------------~------------------------
Other liabilities---------------------------------Capital -----------------------------------------------
SUunrdpilvuids e-d-----p--r--o--f-i-t--s-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_

Reserves ---------------------------------------------~-

1,840,163,19 None
4,813.15
45,570.46 None
8,937,60 None
None None 25,000.00 25,000.00 20,430.00 15,000.00

Total Liabilities _______________ -------------- $ 1,984,914.40

STATEMENT

Showing condition at the close of business December 31, 1948, of

PLANTERS BANK

Hawkinsville, Ga.

As called for by the Superintendent of Banks.

W. N. Pate,
President. Date of Charter: 2-27-1896

J. P. McGRIFF, Cashier.
Began Business: 3-1896

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 660,079._74

United States Government obliga-

tions, direct and guaranteed ______ _ 1,338,500,00

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) ------------------------

553,506,25

Bank premises owned, furniture and

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

2,500.00

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

- - - - - Otahcecrepatsasnectess____o__u__t_s_t_a__n__d__i_n__g_______~_-_-_-__-_-_-_-_-_-_-

None None

Total Assets----------------------------------- $ 2,554,585.99

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 Despuobsdiitvsisoifonbsank_s--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-________
Other deposits (certified and offiBilclesrps'aycahbelec.k_s__,____e_t_c__.)_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
O tshtearn dliinagb i l--i-t-i-e--s--_-_-,-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_- _
Capital ---------------------------------------------USunrdpivluids e-d---p--r-o--f-i-t--s-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-_
Reserves ---------------------------------------------

2,158,953.21 18,925:42 None
174,132.33 None
12,822.88 None
None 18,252.15 100,000.00 30,000.00 41,500,00
None

Total Liabilities______________________________ $ 2,554,585.99

72

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF HAZLEHURST Hazlehurst, Ga.

As called for by the Superintendent of Banks.

JOHN ROGERS, President.
Date of Charter: 10-19-1906

MARY WALKER, Cashier.
Began Business: 10-1906

ASSETS Cash, balances with other banks, in-
cluding reserve J>alances, 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. _________________________________ $

1,461,178.80 63,697.48 376.00 None None 151,629.11 2.00 1.00
None None None 1,666,883.34

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
DespubodsJiVtslSoJOf DbSan-k---s-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_Other deposits (certified and offiBilclearps'aycahbelec.k_s_,___e_t_c._)_-_-_-_-_--_-_-_-_-_--_-_-_-_~_--_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-_-_-_~-_-__-_v__-_-_~_-_-_~_-_-_--_-_-_-_-_-_-
Capital --------------------------------Surplus ---------------------------------Undivided profits_____ -------------------------Reserves -----------------------------~-----------

1,234,145.36 1,630;64 None
301,068.94 None
13,405,40 None
None None 26,000.00 33,000.00 41,993.85 16,749.16

Total Liabilities

-------- -------- $ 1,666,883.84

STATEMENT

Showing condition at the close of business December 31, 1948, 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 _____ $ 158,363.19

United States Government obliga-

tions, direct and guaranteed _______ 372,000.00

Obligations of States and political

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

None None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ------ .. --

-- -------

286,285.82

Bank premises owned, furniture and

fixtures

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

2.00

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...

--------------$ 816,661..01

Demand deposits _L___I_A____B___I_L___I__T__I__E___S________ $

Time deposits ________________ ------------------Deposits of U. S. Government_____

Deposits of States and political

subdivisions

Deposits of banks__________ -------------------

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable________________ -----------------

Acceptances executed by or for

account of this bank and out-

standing _____

__________________

Other liabilities ___________________________________

Capital

Surplus ______ -------------------------------------Undivided profits.. ------------------------

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

665,151.14 30,258.27 None
68,127.10 None
3,114.50 None
None None 25,000.00 15,000.00 17,500.00 2,5oo:oo

Total Liabilities______________________________ $ 816,651.01

TWENTY-NINTH ANNUAL RELPORT

73

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE HINESVILLE BANK

Hinesville, Ga.

As called for by the Superintendent of Banks.

T. H. McDOWELL,
President. Date of Charter: 9-4-1911

T. H. McDOWELL, Cashier.
Began Business: 11-15-1911

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

United States Government obliga

tions, direct and guaranteed_______

Obliga~i~n,s of States and political

subdtvtswns

__________ --------------------

Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)____________________

Loans and discounts (including

overdrafts) ______

_______

Bank premises owned, furniture and fixtures ______ ------------------------

Real estate owned other than bank

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

rectly representing bank premises or other real estate______________________

Customers' liability to this bank on acceptances outstanding______________

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

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

227,773.47 297,550.50
3,749.91 None None
459,596.18
3,248.37 None
None None None 991,918.43

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
DespubodsiiVtsISolOfDbSan-k-s--_-_--_--------_-_-_-_-_-_--------------_-_-__-_-_--_
Other deposits (certified and offiBilclesrsp'aycahbelcek__s__,____e__t_c_._)_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-
Acceptances executed by or for account of this bank and outstanding -------------------------------------------
g!~1w Ii-~~il_i~i-~=::::::::=::::::::::::::::::::::::
SUunrdpilvuids ed pro-f-i--t-s--_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_
Reserves --------------------------------------------------

730,097.06 89,999:19 2,421.42
65,460.82 2,787.85
2,012.24 None
None 841.38 25,ooo:oo 25,000.00 37,143.62 11,154.85

Total Liabilities_______________ ------------ $ 991,918.43

STATEMENT

Showing condition at the close of business December 31, 1948, of

EMPIRE BANKING COMPANY Homerville, Ga.

As called for by the Supetintendent of Banks.

J. L. SUMMERLIN, President.
Date of Charter: 3-1-1945

MARCUS SMITH, Cashier.
Began Business: 6-1-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ___ $ 170,825.94

United States Government obliga-

tions, direct and guaranteed _____ --

175,000,00

Obliga~i~n_s of States and political

subd1vls1ons ---------------------------------Other bonds, notes, and debentures

None 10,000.00

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) _____

______ _

128,757.14

Bank premises owned, furniture and

fixtures _________ --------------------------------

1,298.00

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.--------------------------------Total Assets____________________________________ $

None 485,881.08

LIABILITIES Demand deposits _________________________________ $ Time deposits______________________________________ Deposits of U. S. Government__________ Deposits of States and political Despuobsdiitvsisoifonbsank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and offiBilclesrps'aycahbelcek__s__,___e__t_c_._)_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgili-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------------SUunrdpilvuisde-d-----p--r-o---f-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Reserves -----------------------------------------------

395,955.27 22,954.80 5,000.00
19,272.61 None
883.33 None
None 4,815.17 25,000.00 12,000.00
None None

Total Liabilities--------------------------- $ 485,881.05

74

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF ILA Ila, Ga.

As called for by the Superintendent of Banks.

G. W. WESTBROOK, President.
Date of Charter: 10-11-1910

RUBY V. GOBER, Cashier.
Began Business: 10-15-1910

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

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

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

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

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures ______

_------------ ______ _

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding__________________

Other assets______________ --------------------------

Total Assets

-------$

18,600,53 7,060.00 None None None 60,017,35 1,475,59 None
None None None 87,153.47

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 bank--------------------------------Other deposits (certified and offi-
Bicllesrps'aychabeclek_s_,___e__t_c_._)_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_
Acceptances executed by or for account of this bank and outstanding ----------------------------------------------
Other liabilities -----------------------------------Capital ---------------------------------------------------Surplus ---------------------------------------------------Undivided profits-----------------------------------
Reserves --------------------------------------------

56,976.28 None None
None None
None None
None 12.08 15,000."00 14,000.00 1,165:11 None

Total Liabilities_____

87,153.47

STATEMENT

Showing condition at the close of business December 31, 1948, of

JASPER BANKING COMPANY Jasper, Ga.

As called for by the Superintendent of Banks.

R. M. EDGE, President.
Date of Charter: 1-17-1945

JAY L. HARRISON,
Cashier. Began Business: 3-12-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ________ $ 196,276.38

United States Government obligations, direct and guaranteed-------
Obliga~i~n!' of States and political
subdlVlSlOTIS ----------------------------------Other bonds, notes, and debentures

693,541.95
None None

Corporate stocks (including stock of Federal Reserve Bank) --------------------

None

Loans and discounts (including overdrafts) ____ --------------------- ------------
Bank premises owned, furniture and
fixtures __ __ ---------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-

362,067.23 12,851.72 None

rectly representing bank premises or other real estate________________________

None

Customers' liability to this bank on

acceptances outstanding______________

None

- - - - - Other assets________________________________________

947._26

Total Assets ____________ ----------------------- $ 1,265,684.54

LIABILITIES TDiemmeanddedpeopsoistitss_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_$
Deposits of U. S. Government _______ Deposits of States and political Despuobsdiitvsisoifonbsank--s--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-
Other deposits (certified and officers' checks, etc.)---------------------------
Bills payable...-------------------------------------Acceptances executed by or for
account of this bank and outOoshtaenr dliinagbi-l-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_
Capital -----------------------------------------------Surplus --------------------------------------------------Undivided profits ---------------------------------
Reserves -------------------------------------------

698,814.92 321,466.93
7,271.96
173,609.01 None
1,179.25 None
None 283.22 25,000.00 18,000.00 20,059.-25 None

Total Liabilities ____________________________ $ 1,265,684,54

TWENTY-NINTH ANNUAL REPORT

75

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF JONESBORO Jonesboro, Ga.

As called for by the Superintendent of Banks.

J. 0. HIGHTOWER, Vice-President.
Date of Charter: 10-6-1903

J. B. PULLIAM,
Cashier. Began Business: 11-7-1903

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed_
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____________________________________________

235,673.03 707,600.40
6,641.22 None None
115,706.94 1,306.20 None
None None None

Total Assets _____________

-----$ 1,066,927,79

LIABILITIES Demand deposits _--------------------------------- $ Time deposits ----------------------------------Deposits of U. S. Government _______
Deposi!s. _of States and political DespubodsiiVtsISoIOf nbSank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and officers' checks, etc.)---------------------------
Bills payable---------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------------Surplus --------------------------------------------Undivided profits --------------------Reserves ----------------------------------------------

737,130.61 82,217.71 4,719.10
176,397.65 None
290.48 None
None 3,000.00 25,000.00 25,000.00 10,423.50 2,748.74

Total Liabilities_____________________________ $ 1,066,927.79

STATEMENT

Showing condition at the close of business December 31, 1948, of

KENNESAW STATE BANK Kennesaw, Ga.

As called for by the Superintendent of Banks.

J. G. LEWIS, President.
Date of Charter: 4-10-1910

L. C. CHALKER, Cashier.
Began Business: 3-10-1910

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ------- $ 101,291._93

United States Government obligations, direct and guaranteed._______

60,000.00

Obliga~i'!n.s of States and political SubdtVISlODS ----------------------------------
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 fixtures ------------------------------------------------
Real estate owned other than bank premises ----------------------------------------
Investments and other assets indi..

45,165.95 3,860.00 None

rectly representing bank premises or other real estate_______________________

None

Customers' liability to this bank on

acceptances outstanding____________

None

- - - - - Other assets_____________________________________

None

Total Assets ----------------------------------- $ 200,307.88

Demand

deposits

LIABILITIES _________________________________

$

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

Deposi!'"..of States and political

DeSpuobsdiiVtsISoIOf nbSank--s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_

Other deposits (certified and offi-

Bilclesrps'ayacbhleec_k__s_,_____e_t_c__._)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i--e-s--_-_-_-_-_-_-_-___--_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_--_-_-_-

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

143,918.89 32,860.63 None
None None
686.16 None
None None 15,000.00 None 6,453.21 1,400.00

Total Liabilities______________________________ $ 200,307.88

76

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

STATE BANK OF KINGSLAND Kingsland, Ga.

As called for by the Superintendent of Banks.

C. D. GRAINGER, President.
Date of Charter: 11-26-1912

C. C. SMITH,
Cashier. Began Business: 12-1912

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

United States Government 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 assets__________________________________________

Total Assets _____

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

265,834.47 295,000.00
5,000.00 None None
301,353.42 7,010.25 None
None None None 874,198.14

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
DeSpUobsdiiVtsISoIOf DbSank--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and officers' checks, etc.)
Bills payable___________________ --------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i--e-s--_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_
Capital -----------------------------------------------USunrdpilvuids ed prof-i-t--s--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-________
Reserves ------~-------------------------------------

361,864.15 260,717.07
None
191,244.11 None
727.10 None
None None 25,000.00 36,000.00 5,000.00 4,645._71

Total Liabilities_--------------------------$ 874,198.14

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF LAFAYETTE Lafayette, Ga.

As called for by the Superintendent of Banks.

C. C. GILBERT, President.
Date of Charter: 11-13-1889

W. L. BAKER, Cashier.
Began Business: 1899

ASSETS

Cash, balances with other banks, including reserve balances, and cash .items in process of collection______ $

United States Government obliga-

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

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)_

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures --------- ---------- --------------------Real estate owned other than bank
premises -------~~-----------------------------Investments and other assets indi-
rectly representing bank premises or other real estate________________

Customers' liability to this bank on acceptances outstanding____________

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

563,660.04 1,708,780._71
362,665.86 None None
648,592.25 30,997.38 None
None None None

Total Assets--------------------------------- $ 8,814,696.24

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 DeSpUobsdiitVsISoIfOnbSank--s-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-
Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigabili-t-i-e--s-_-_-_-_-_-__-_-_-_-_-__-_-_-_-__-_-_-_-_-__-_-_-_-_-__-_-_-_-__-_
Capital -------------------------------------------Surplus _____ --------------------------------------------Undivided profits ____ _ Reserves ------ ----------------------------------------

1,601,840,28 1,062,335._85
17,436.20
440,107.23 None
543.83 None
None 5,836.40 50,000.00 110,000.00 12,010.97 24,585.48

Total Liabilities______________________________ $ 3,314,696.24

TWENTY-NINTH ANNUAL RE1PORT

77

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS & SOUTHERN BANK OF LaGRANGE LaGrange, Ga.

As called for hy the Superintendent of Banks.

OLIN F. FULMAR, JR.,
President. Date of Charter: 7-23-1937

W. F. HOLLE, JR.,
Cashier. Began Business: 8-2-1937

ASSETS Cash, balances with other banks, in-
eluding reserve balances. and cash items in process of collection ------- $
United States Government obligations, direct and guaranteed-------
Obliga~i'!n.s of States and political

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

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

Loans and discounts (including

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

Bank premises owned. furniture and

fixtures

________________ ----------------

Real estate owned other than bank premises ___________ ------------------------------
Investments and other assets indirectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding______________

Other Assets ----------- -----------------------.

3,179,906,43 7,064,208.37 1,113,476.56
None None 2,536,609.94 17,934.03 None
None None 48,278.71

Total Assets ____ ------------------ ---- $ 13,960,313.04

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
SUhdiVISlOllS -------------~---------------------
Deposits of banks ------------------Other deposits (certified and offi-
Bicllesrps'aycahbelcek__s__,___e__t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for
account of this bank and outOtshtaenr dilnigab-i-l-i--t-i-e--s--_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_~_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_

Capital ------------------------------ --------------------SUunrdpilvuisded prof-i-t--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-------

Reserves

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

9,399,284.66 2,938,444,46
178,631.19
781,387.87 24,991.61
14,260.22 None
None 99.324.39 200,000.00 260,000.00 60,636.94 23,461:82

Total Liabilities_______________________________ $ 13,960,313.04

STATEMENT

Showing condition at the close of business December 31, 1948, of

LaGRANGE BANKING COMPANY LaGrange, Ga.

As called for by the Superintendent of Banks.

A. E. MALLORY,
President. Date of Charter: 7-8-1941

BEN F. McLAUGHLIN,
Cashier. Began Business: 9-15-1941

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

346,361,93 1,047,417.11
8,400.00 None None
1,093,724._15 3,890._00 None
None None None 2,499,793.19

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
DespubodsiiVtsISIoOfDSban--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 ----------------------------------------------Surplus _____ -------------------------------------Undivided profits ------------------------------Reserves -----------------------------------------------

1,485,880,33 613,170.78 None
172,606.96 31,995:71
261.12 None
None 908.07 50,000.00 100,000.00 40,970.22 4,000.00

Total Liabilities____________________________ $ 2,499,793.19

78

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Lakeland, Ga.

As called for by the Superintendent of Banks.

W. L. MILLER,
President. Date of Charter: 4-18-1907

W. C. BANKS,
Cashier. Began Business: 1907

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

263,908.14 593,853.80
None None None 183,834.99 1,545.00 None
None None None

Total Assets--------$ 1,043,141.93

LIABILITIES
~f=n~ep~~~:',;s~~-::::::::::::_:::::::::=:::::_-:::: $
Deposits of U. S. Government._____
Deposi!". _of States and political subdtvisiOns --------------------------------------
Deposits of bank------ 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 -- -- Surplus --- Undivided profits ..... - Reserves -----------------------------------------------

570,939.87 386,142;17
None
24,882.90 None
2,123._49 None
None None 25,000.00 20,000.00 4,05!3:50 10,000.00

Total Liabilities............... - $ 1,043,14L98

STATEMENT Showing condition at the close of business December 31, 1948, of
LAKE PARK BANK Lake Park, Ga.
As called for by the Superintendent of Banks.

W. F. WEBB, President.
Date of Charter: 1-22-1906

G. D. CORBETT, Cashier.
Began Business: 3-1906

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

47,735.69 None None
10,000.00 None
64,071.76 300.00 None
None None

Other assets....---------------- _ _ _ _N_o_n_e

Total Assets ..........------------- $ 122,107.45

LIABILITIES
~r;::n~ep':~:'."i_~_::::::::::::.::::::::::::.:::::::::: $
Deposits of U. S. Government.__ Deposi!". _of States and political
subdtVlSlODS -----------------------------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 liabilitie--------Capital ----------- Surplus ------------ Undivided profits...................______________
Reserves -- ----------------------------------------

77,888.78 21,235.08
None
None None
1,989.08 None
None None 15,000.00 3,000.00 2,994.51 None

Total Liabilities.---- $ 122,107.45

TWENTY-NINTH ANNUAL REPORT

79

STATEMENT

Showing condition at the close of business December 31, 1948, of

NORTHEAST GEORGIA BANK Lavonia, Ga.

As called for by the Superintendent of Banks.

W. N. HARRISON,
President. Date of Charter: 9-20-1940

W. N. HARRISON,
Cashier. Began Business: 9-23-1940

ASSETS Cash, balances with other banks, 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

SubdtVlSlODS --------------------------------------

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 ____________________________________ $

710,825.85 1,121,000.00
None None None 142,206._53 6,615,00 None
None None None 1,980,647,38

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 D espuobsdittvs t sotfo nbsa n k--s-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-
Other deposits (certified and offiBicllesrsp' acyhaebclke_s_,____e__t_e__.__)___-_-_-_-_-_-___-__-_-_-_--_-_-_-_-_-_-_-_-_-_-_-
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, 705,053.07 42,141.02 None
156,311.78 None
10,719.39 None
None 244.90 25,000.00 25,000.00 16,177.22 None

Total Liabilities --------------------------- $ 1,980,647.38

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BRAND BANKING COMPANY Lawrenceville, Ga.

As called for by the Superintendent of Banks.

BARTOW MORGAN, JR., President.
Date of Charter: 6-2-1905

HARRISON W. BRASELTON, Assistant Cashier.
Began Business: 7-17-1905

ASSETS Cash, balances with other banks, 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 -------------------------------------

591,793.32 963,375.50
76,847.43 25,537,50 8,000.00 256,067.59
1,815.30 7,000,00
None None None

Total Assets --------------------------------- $ 1,925,436.64

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 bank---------------------------Other deposits (certified and offiBicllesrsp' acyhaebclkes__,____e_t_c_._)_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigab-i-l-i--t-i-e--s--__-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-.
Capital ------------------------------------------SUunrdpilvuids e-d----p--r-o--f--i-t-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-____-_-_-_-_-_-_-_-__
Reserves ----------------------------------------------

932,618.56 703,811.72
4,446.25
106,661.50 None
7.92 None
None 165.54 50,000.00 50,000.00 77,725.15 None

Total Liabilities______________________________ $ 1,925,436.64

80

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1948, of
THE STATE BANK OF LEESBURG Leesburg, Ga.

G. D. MORELAND, President.
Date of Charter: 4-9-1947

P. C. THARP, Cashier.
Began Business: 12-1-1947

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

United States Government obligations. direct and guaranteed ___ _
Obliga~i'?n.s of States and political

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

Total Assets _____ ------------------------ ____ $

250,386.59 20,246.09 None None None 25,366.12 7,959.30 None
None None None 303,958.10

LIABILITIES

Demand deposits__

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

Time deposits_______ ------------------

Deposits of U. S. Government________

Deposits of States and political Despuobsdiitvsisoifonbsanks ____-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

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

230,809.27 52o:oo None
39,178.80 None
None None
None None 25,000.00 5,000.00 3,450.03 None

Total Liabilities.

- --$ 303,958.10

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF LENOX Lenox, Ga.

As called for by the Superintendent of Banks.

R. H. ROBINSON, President.
Date of Charter: 6-20-1907

R. H. ROBINSON,
Cashier. Began Business: 6-25-1907

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and eash

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 ____________

241,735.07 502,133.95
2,175.20 None None
318,195.74 2.00
None
None None None

Total Assets

$ 1,064,241.96

LIABILITIES Demand deposits -----------------------------------$ Time deposits ____ -----------------------Deposits of U. S. Government __ Deposi~ . .of States and political
subdtvlSIOns -----------------------------Deposits of banks __ Other deposits (certified and offi-
Bicllesrsp' acyhaebcleks__,____e_t_c__.)_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-
Otshtearndilniagb-i-l-i--t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-------------------

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

Surplus

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

Undivided profits ___

Reserves

600,799.06 272,754.13 10,378,32
None 8,265.11
11.281,55 None
None None 50,000.00 50,000.00 39,486.87 21,276.93

Total Liabilities ...

- $ 1,064,241.96

TWENTY-NINTH ANNUAL REPORT

81

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Leslie, Ga.

As called for by the Superintendent of Banks.

W. T. ANDERSON, President.
Date of Charter: 12-19-1940

W. T. ANDERSON, Cashier.
Began Business: 1-2-1941

ASSETS Cash, balances with other banks, in..
eluding reserve balances, and eash items in process of collection __ $
United States Government obligations, direct and guaranteed ________

Obliga!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 -----------------------

Total Assets

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

227,738.04 100,000.00
None None None 109,261.43 1,900.00 None
None None None 438,899.47

Demand deposits ___L__I__A___B___I_L___I_T___I_E___S________ $
Time deposits Deposits of U. S. Government________ Deposits of States and political
subdivisions ---------------------------------------Deposits of banks ----------------------------- Other deposits (certified and offi-
cers' checks, etc.) --------------------------Bills payable_______ ----------------------------Acceptances executed by or for
account of this bank and out. Otshtearndliinagbi-l-i-t-i--e--s--_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital ------------------------------------------Surplus -------------------------- ---------------------Undivided profits____ --------------------- _ Reserves --------------------- .. __ -------------------

344,823.96 42,906.79 None
4,901.95 6,000.00
None None
None 1,589.36 26.000.00 5,000.00 9,677.42
None

Total Liabilities ___ _

438,899.47

STATEMENT Showing condition at the close of business December 31, 1948, of
FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks.

J. J. HARNESBERIGER, President.
Date of Charter: 9-26-1911

GEO. C. LEVERETT, JR., Cashier.
Began Business: 12-2-1911

ASSETS

Cash, balances with other banks, including reserve balances, and cash items in process of coJlection ____ $

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____________ ----------------------------

428,103.33 842,338.63
15,829.45 None None
130.221.35 2.00
None
None None None

Total Assets ___________

- - -- $ 1,416,494.76

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 payable_________________________________________

Acceptances executed by or for

account of this bank and out-

standing ___ ______

______________ ...__

Other liabilities Capital Surplus Undivided profits Reserves

944,733.41 273,706:7&
None
93,488.13 None
424.00 None
None 6,380.77 25,000.00 25,000.00 44.906.72 2,854.93

Total Liabilities

----- $ 1,416,494. 76

82

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEOPLES BANK Lithonia, Ga.

As called for by the Superintendent of Banks.

I. M. STARR, SR., President.
Date of Charter: 8-26-1910

I. M. STARR, SR., Cashier.
Began Business: 1910

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

United States Government obligations, direct and guaranteed ________
Obliga~i'?n.s of States and political

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

Totals Assets ................................. $

151,138.67 549,200.00
None None None 33,201.19 2,500.00 None
None None None 736,039.86

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

579,437.26 41,151.14 None
17,384.17 None
320.00 35,ooo:oo
None 2,500.00 25,000.00 20,000.00 9,247.29 6,000.00

Total Liabilities ............................. $ 736,039.86

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE FARMERS BANK

Locust Grove, Ga.

As called for by the Superintendent of Banks.

J. 0. MINTER, President.
Date of Charter: 1-3-1910

H. C. CHILDS,
Cashier. Began Business: 1-1910

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

Total Assets.........

................. $

90,789.13 87,000.00
None None None 165,739.65 800.00 None
None None None 344,328.78

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
account of this bank and out-
standing --------------------------------------------Other liabilities ....................................... Capital .................................................... S urp Ius ... _....................................... _____ Undivided profits .................................
Reserves -----------------------------------

311,682.72 400.00 None
411.65 None
389.80 None
None None 15,000.00 13,000,00 1,594.52 1,850.09

Total Liabilities.............................. $ 344,328.78

TWENTY-NINTH ANNUAL REPORT

83

STATEMENT Showing condition at the close of business December 31, 1948, of
BANK OF LOGANVILLE Loganville, Ga.

As called for by the Superintendent of Banks.

C. A. KELLEY, JR., President.
Date of Charter: 5-6-1946

R. H. SIMS, Cashier.
Began Business: 10-5-1946

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 ____________ ------------------------Investment::; and other assets indi-
rectly representing bank premises or uther real estate_ -- ____ _ Customers' liability to this hank on acceptances outstanding Other assets..
Total Assets

66,692.84 60,794.78
None None None 154,933.23 7,703.60 None
None None 450.81 290,575.26

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 01' for

account of this bank and out-

standing

Other liabilities _

Capital

_______________ _

Surplus Undivided profits_
Reserves

238,294.02 N<ne None
15,651.4U 5,000.00
2.78 None
None None 25,000.00 5,000,00 1,626.97 None

Tntal Liabilities

$ 290,575.26

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF LUMBER CITY Lumber City, Ga.

As called for by the Superintendent of Banks.

J. H. WILLCOX, President.
Date of Charter: 5-22-1945

D. REID WILLCOX, Cashier.
Beg-an Business: 7-2-1945

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

SUhdlVlSlOUS

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

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

. -- $

119,21~.59
115,644.93 None None None
I 03,448.37 e.866,oa None
None None None 345,176.92

LIABILITIES

Dem2nd dE"posits

____________ $

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

Deposit> 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

266,190.69 None
6,642.45
30,402.38 None
308.14 None
None None 25,000.00 5,000.00 8,199.53 3,433.73

Total Liabilities _

345,176,92

84

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS STATE BANK Lumpkin, Ga.

As called for by the Superintendent of Banks.

A. T. FORT, President.
Date of Charter: 10-21-1911

E. E. HUMBER, Cashier.
Began Business: 12-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection _______ $ 675,208,06

United States Government obliga-

tions, direct and guaranteed _

417 ,805._53

Obliga~i~n_s of States and political

subd1V1s1ons ______

------

8,355.60

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) .....

None

Loans and discounts (including overdrafts) ______ _

96,422.69

Bank premises owned. furniture and

fixtures _______

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

1.00

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

-$ 1,197,792.88

LIABILITIES Demand deposits ------------------ _______.,____ $

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

Deposi~s . .of States and political

subdtvtsiOns ----------------------------------Deposits of banks --------------------- __________

Other deposits (certified and offi-

cers' cheeks, etc.)

Bills payable

______ ----------------------

Acceptances executed by or for

account of this bank and out~

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

Capital

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

Surplus ------------------------Undivided profits _______

Reserves _ __ ---------------~--

945,549.95 57,667:06 26,716-.42
94,471.66 None
911.58 None
None 3,987.63 28,000.00 32,000.00 8,488.53
None

Total Liabilities ____ ..... ---- --------- $ 1,197,792.8~

STATEMENT

Showing condition at the close of business December 31, 1918, of

LUTHERSVILLE BANKING COMPANY Luthersville, Ga.

As called for by the Superintendent of Banks.

N. F. CULPEPPER,
President. Date of Charter: 10-11-1905

L. W. McKOON, Cashier.
Began Business: 8-3-1906

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

United States Government obliga-
tions, direct and guaranteed Obliga~i'?n." of States and political

SUbdtVlSlODS

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

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

------ $

195,446.20 315,000.00
2,593.50 5,000.00
None 101,952.13
876.00 224.00
None None None 621,091.83

LIABILITIES

Demand deposits

_____ $

Time deposits________

_________ ----------

Deposits of U. S. Government__________

Deposits of States and political subdivisions __ ............ _ .. ----------------
Deposits of banks_________ --------------------Other deposits (certified and offi-
cers' checks, etc.) _______ .._____________ _

Bills payable .....

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

Acceptances executed by or for

account of this bank and out-

standing_

Other liabilities

Capital

Surplus

Undivided profits_.

Reserves

467,789.72 46,344.97 None
69,153.88 None
409.57 None
None
2s2.,o9o2o6:.o4o0
5,000.00 None
4,467.29

Total Liabilities .

- $ 621,091.8:!

TWENTY-NINTH ANNUAL REPORT

85

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEOPLES BANK OF LYONS Lyons, Ga.

As called for by the Superintendent of Banks.

W. HOLLOWAY,
President. Date {)f Charter: 5-4-1935

J. W. McARTHUR, Acting Cashier.
Began Business: 6-1-1935

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

United States Government obligations, direct and guaranteed _______

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) __ -----------------------------

Bank premises owned, furniture and

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

_----- __

Real estate owned other than bank

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

Customers' liability to this bank on acceptances outstanding_________________
Other assets___________________________________________

349,907.35 798,500,00
5,000,00 None None
246,580,12 9,074,89 None
None None None

Total Assets------------------------------------$ 1,409,062,36

LIABILITIES

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

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

Deposi!'" ..of States and political

subdJvJslOns -----------------------------------

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

Other deposits (certified and offi

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

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

account of this bank and out-

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

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

Capital

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

SUunrdpilvuids ed profits-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--_

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

1,151,009,31 89,436,54 None
104,153.03 14,968.48
1.683,09 None
None None 25,000.00 16,000,00 4,311.91 2,500,00

Total Liabilities---------------------------$ 1,409,062,36

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE MERCHANTS & CITIZENS BANK McRae, Ga.

As called for by the Superintendent of Banks.

W. S. MANN, President.
Date of Charter: 3-28-1929

D. M. McRAE, Vice-Pres. and Cashier Began Business: 2-23-1929

ASSETS

Cash, balances with other banks, in-

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 Otahcecrepatsasnectess____o__u__t_s__t_a__n__d__i_n__g__-_-_-__-_-_-_-__-_-_-__-_-_-__-_-_-

335,646.87 1,414,100.00
None 5,000.00
None 327,553.49
8,774.21 1.00
None None None

Total Assets ---------------------------------- $ 2,091,075.57

LIABILITIES

DTiemmeanddepodseitsp_o__s_i_ts_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_ $

Deposits of U. S. Government_

Deposi?. _of States and political

subdiVISIOnS ----------------------------------

Deposits of bank----------------------------- ____

Other deposits (certified and offi-

cers' cheeks, etc.)---------------------------Bills payable_______________________________________

Acceptances executed by or for

account of this bank and out-

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

Other liab illties------------------------------------

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

USunrdpilvuids ed pro--f--i-t--s--_-_-_-_-_-_-_-_-_-_-_-_______________

Reserves _____

______ .. ________ _

1,166353,,427517.,1570 21,462.67
73,084.51 507.41
1,489.21 None
None None 50,000.00 100,000.00 24,241.54 21,561.56

Total Liabilities__________ ------------------$ 2,091,071).57

86

DEPARTMENT OF BANKING

STATEMENT

ghowing condition at the close of business December 31, 1948, of

CITY BANK & TRUST COMPANY Macon, Ga.

As called for by the Superintendent of Banks.

T. RAD TURNER, President.
Date of Charter 6-29-1931

W. M. PARKER, Cashier.
Began Business: 7-2-1931

ASSETS

Cash, balances with other banks, 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

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 _________

1,477,134.42 3,781,996.53
65,801.24 600.00 None
2,020,397.75 31,076.00 None
None None None

Total Assets

-. -- $ 7,376,905.04

LIABILITIES

Demand deposits

_$

Time deposits

_______ -------------------

Deposits of U. S. Government ______

Deposits of States and political

subdivisions _-------------------Deposits of banks __ _______

Other deposits (certified and offi-

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

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

count of this bank and outstand-

ing _

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

Other liabilities

Capital __ -------------------- ---------------------------Surplus

Undivided profits ____ ----------------_ Reserves

3,976,721.76 1,871,753._21
66,702,71
836,963.01 68,432.42
19,459.05 None
None None 110,000.00 300,000.00 67,936.57
58~937:21

Total Liabilities

- $ 7,376,905._94

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF MADISON Madison, Ga.

As called for by the Superintendent of Banks.

BEN S. THOMPSON,

President.



Date of Charter: 12-26-1888

E. G. ATKINSON, Cashier.
Began Business: 1-1-1890

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection. $
United States Government obligations. direct and guaranteed
Obliga!i~n_s of States and political
BUbdtVISIODS ______ --- ________________ -----
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 _--------------- ------------------

174,758.85 607,800.00
36,156.22 None None
514,549.13 7,990.95 None
None None None

Total Assets

-- $ 1,341,255.13

LIABILITIES

Den1and deposits ----

_________ $

Time deposits___

----

Deposits of U. S. Government

Deposits of States and political

subdivisionfl

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 _

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

831,577.70 239,625.69
5,674.50
134,215.26 None
1,162.00 None
None None 50,000.00 40,000.00 39,000.00 None

Total Liabilities ___

-- ---- $ 1,341,255.15

TWENTY-NINTH ANNUAL REPORT

87

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks.

JAMES S. PETERS, President.
Date of Charter: 1-28-1910

CLAUDE A. BRAY, Cashier.
Began Business: 2-2-1910

ASSETS

Cash, balances with other banks, in-

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

United States Government 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 .....

966,987._45 635,800.00 138,468.59
5,010,71 None
675,067.78 4,302.81 9,550.58
None None 2,862.89

Total Assets ~~~---

~ ------- $ 2,438,050.81

LIABILITIES

Demand deposits

--~--- $

Tjme deposits

___ . ------

Dt>posits of U. S. Government
Deposi!s. :>f States and political

subdlVISlOTIS ........................................

Deposits of banks

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

Bills payable---------------~~--~------ -~ _________ Acceptances exeeuted by or for ac-

count of this bank and outstanding ______ .

Other liabilities ..
Capital ....~
Surplus -~~~~-~--...... Undivided profits

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

1,010,197.28 509,173.49 7,705,48
625,772.74 None
8,048.40 None
None 43,161.95 50,000.00 125,000.00 38,991.47 20,000.00

Total Liabilities

~~ $ 2,438,050.81

STATEMENT

Showing condition at the close of business December 31. 1948, of

FARMERS & MERCHANTS BANK Manchester, Ga.

As called for by the Superintendent of Banks

W. H. McKINNEY, President.
Date of Charter: 10-7-1947

W. R. PARKER, Cashier.
Began Business: 2-2-1948

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 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

-------------------~---- $

92,579.84 55,027.93
None None None 85.991.30 2,754.61 None
None None 2,086._53 238,440.21

LIABILITIES Demand deposits_ --~--~-----------------------~ $ Time deposits .. _------------------Deposits of U, S. Government .
Deposits of States and political subdivisions
Deposits of banks __ _ . _
Other deposits (certified and offi. cers' checks, etc.)_ _____ ---------~--
Bilb payable Acceptancf:S executed b;:-~;- for
account of this bank and out~ standing Other liabilities ____
Capital Surplus
Undivided profits_ Reserves

124,138.12 None
2,700.00
50,000.00 No-ne
561.20 NOne
None None 50,000.00 11,040.89 None 61,040.89

Total Liabilities~- ___

-----$ 238,440,21

88

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF MANSFIELD Mansfield, Ga.

As called for by the Superintendent of Banks.

A. E. HAYS, President.
Date of Charter: 12-19-1945

G. BARRON DAVIS, Cashier.
Began Business: 3-1-1946

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection .. _____ $ 109,491,66

United States Government obligations, direct and guaranteed........

26,000.00

Obligations of States and political

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

None None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ___ -------- . --------- _____ -----

165,784,23

Bank premises owned, furniture and

fixtures ________

---- __

2,052,87

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.

$ 292,328,76

LIABILITIES Demand deposits ___________________________________ $ Time deposits ________________________________________.,
Deposits of U. S. Government ______ _ Depobsdi~. .of States and political DeSpUosiltVslSolOf DbSan-k---s--_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_--_Other deposits (certified and offiBicllesrs'pacyhaebclkes__,____e__t_c__.__)__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities___________________________________
Capital -----------...-....---------------------------.. SUunrdpilvuisded----p--r--o--f-i--t-s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_------------
Reserves ----------------------------------------------

216,867.63 None 735.84
37,324.72 None
927.50 None
Non~
67.40 25,ooo:oo
8,000.00 3,415.67
None

Total Liabilities _.

--------------$ 292,328.76

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
Obliga~i~n.s of States and political

subdiVlSIODS -------------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

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

Bank premiSes owned, furniture

and fixtures ________

__ ____________ _

Real estate owned other than bank premises ------------------------------------------ ....
Investments and other assets indirectly representing bank premises

or other real estate...-----------------------Customers' liability to this bank on
acceptances outstanding__________ Other assets ______________________________________

692,465.81 1,305,366._27
233,159.29 10,115.09 None
1,129,647.87 12,491.60 6,600,00
None None 11,107,94

Total Assets ____ _ -------------------- $ 3,300,853.87

LIABILITIES Demand deposits __________________________________ $
Time deposits --------------------------------------Deposits of U. S. Government ... Deposits of States and political subDedpiovsisiitos nos f __b__a__n_ k---s---_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_--_
Other deposits (certified and officers' checks, etc. ) -----------------
Bills payable __________ ----------------------------Acceptances executed by or for ac-
count of this bank and outstand-
Otihnegr-li-ab--il-ities-______________-----------
Capital ------..---------------------------------------Surplus --------------------------------------------------Undivided profits __ --------------------------Reserves -------------- --------------------------------

1,639,900.50 642,540:56 3,500.00
898,780.86 10,292.95
46,420.11 N'o-ne
None 2,438.69 75,000.00 25,000.00 56,980.20
None

Total Liabilities ----------------------------- $ 3,300,853.87

TWENTY-NINTH ANNUAL REPORT

89

STATEMENT

Showing condition at the close of business December 31, 1948, 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..
eluding reserve balances, and cash items in process of collection _______ $ United States Government obligations, direct and guaranteed........ Obliga!i<;n.s of States and political subdiVISions ______________
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) - ....... Loans and discounts (including
overdrafts) Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding__________________
Other assets....---
Total Assets..........--- $

125,143.24 104,900.00
None None None 3 0 1 , 7 8 4 ..71
2.00 None
None None None 531,829.95

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 ac-

count of this bank and outstand-

ing----------- Other liabilities...................................._ Capital ......................................
Surplus .......................................... Undivided profits .....................

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

375,454.60 63,778.53 None
6,020.97 None
10,170.80 None
None None
33o0,,o0o0o0:.o0o0
16,405.05 None

Total Liabilities

...... $ 531,829.95

STATEMENT

Showing condition at the close of business December 31, 1948, of

GEORGIA BANKING CO. Marshallville, Ga.
As called for by the Superintendent of Banks.

JOHN C. WALKER, JR.,
President. Date of Charter: 9-19-1910

MRS. ETHEL S. JONES, Cashier.
Began Business: 9-27-1910

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process of collection ________ $
United States Government obligations, direct and guaranteed..........
Obligations of States and political
subdivisions u 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

$

88,394.52 25,000.00
None None None 119,108.33 2.600.00 None
None None None 235,102.85

LIABILITIES TDiemmeanddepdoespitoss__i_t_s__._._._._._._._._._._._._-__________________-_____$
Deposits of U. S. Government............ Deposi~l3. .of States and political
subdiVISIOns -----------------------------------------Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.)--------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing-------- Other liabilities.................................... Capital ....................................................
Surplus -Undivided profits...-- Reserves ---

137,907.49 45,807,41 None
795.55 None
10,366.52 None
None None 25,000.00 10,000,00 5,225.88 None

Total Liabilities....- ... $ 235,102.85

90

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF MEIGS Meigs, Ga.
As called for by the Superintendent of Banks.

LEO C. WILKES, President.
Date of Charter: 5-8-1903

0. H. LEWIS, Cashier.
Began Business: 6-1903

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection .. $

United States Government obliga-

tions, direct and guaranteed ___ _ Obliga~i?~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 fndi-

rectly representing bank premises

or other real estate.....

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

Customers' liability to this bank on

acceptances outstanding_

Total Assets .

-- $

258,197,07 189,900,00
6,000.00 None None
302,606.01
~.00
1.00
None None None 756,706.08

LIABILITIES

Demand deposits Time deposits ___ ___

__________ _

Deposits of U. S. Government

Deposits of Statea and political

subdivisions _____ _

Deposits of banks __ _ _

Other deposits (certified and ofll

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

463,425.88 63.251.64
374.03
15,920.14 108,714.74
616.72 None
None None 50,000.00 25,000.00 23,197:15 6.205.78

Total Liabilities __

756.706.03

STATEMENT

Showing condition at the close of business December 31, 1948, cf

METTER BANKING COMPANY Metter, Ga.

As called for by the Superintendent of Banks.

M. E. TRAPNELL,
President. Date of Charter: 7-25-1930

D. G. PARRISH, Cashier.
Began Business: 8-26-1935

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

255,608.31 728,996.53
37,127 .3R None None
665,778.67 14,551.79 None
None None None

Total Assets... --------- $ 1,702,062.68

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 outatand-

ing ----- ------------ -----------

Other liabilities

- ..

Capital - Surplus ................................................. Undivided profits............ Reserves

1.408,043.10 None
16,508.50
142,643.80 NOne
5,268.22 None
None None 50,000.00 25,000.00 19,237.18 35,361.88

Total Liabilities ..

- $ 1,702,062.68

TWENTY-NINTH ANNUAL REPORT

91

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF MIDVILLE Midville, Ga.

As called for by the Superintendent of Banks.

J. B. THURMAN, President.
Date of Charter: 4-13-1945

R. H. SIMS, Cashier.
Began Business: 5-21-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash
items in p roce;:;s o.f collection "" $ United States Government obliga-
tions, direct and g-uaranteed Obligations of States and political
subdivis;ons ...................................... Other bonds, notes and debcntures 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

$

110,034.16 60,000.00 None None None
150,731.29 5,083.00 None
None None 346.50 326,194.95

LIABILITIES

DPmand deposits __

.. $

Time deposits.......................................

Deposits of U. S. Government_

Deposit' 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.

Reserve,:;

268,040.88 None None
10.000.00 5,000.00
1,538.39 None
None 14.61 25,ooo:oo 10,000.00 6,601.07 None

Total Liabilities ------------ ....... -- $ 326,194.95

STATEMENT

Showing condition at the closf f business December 31, 1948, of

BANK OF MILAN Milan, Ga.

As called for by the Superintendent of Banks.

W. C. McCRANIE, President.
Date of Charter: 12-5-1906

MRS. G. McCRANIE, Cashier.
Began Business: 10-1906

ASSETS Cash, balances with other banks, in..
eluding reserve balances, and cash items in process of collection ------- $ United States Government obliga-
tions, direct and guaranteed --. Obliga~ions 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 _____

-- $

185,902,93 441,073.28
4,100.00 None None
67,194.27 2,071.00 None
None None None 700,341.48

LIABILITIES

Demand deposits..

_____________________ $

Time deposits.. ------------------------------ _ Deposits of U. S. Government _____ _ ,Deposi?'. _of States and political

SUbdiVISIOnS ___ -------------------------------
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) ____________________
Bills payable ... ____________ .... _______

Acceptances executed by or for account of this bank and outstanding ........................................................
Other liabilities.................................... Capital .................................................... Surplus .................................................... Undivided profits Reserves _

552,574.13 79,198.02 5,081.26
9,051.08 None
None None
None None 20,000.00 20,000.00 11,436.99 3,000.00

Total Liabilities _

700,341.48

92

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1948, of

EXCHANGE BANK Milledgeville, Ga.
As called for by the Superintendent of Banks.

OTTO M. CONN, President.
Date of Charter: 5-20-1903

CHAS. J. CONN, Cashier.
Began Business: 6-1-1903

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection --~---- $ United States Government obligations, direct and guaranteed __ 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..................

542,681.74 730,147,35 164,907.01
31,566:34 None
1,111,544.78 46,492,59 1.00
None None 7,887.28

Total Assets ............................. $ 2,635,228.09

LIABILITIES
~i'=.:md~p~~f:!asi_ts_::::::::::::::::::::::::::-:_::::: $
Deposits of U. S. Government....... . Deposi~. _of States and political
subdlVlSlODB ------------------------------
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 -----

1,056,341.65 743,932.44 17,871.33
483,639.80 76,031.02
6,433.23 None
None None 100,000.00 100,000.00 50,978.62 None

Total Liabilities__________ _

....... $ 2,635,228.09

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE MERCHANTS AND FARMERS BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

MARION H. ALLEN, President.
Date of Charter: 3-22-1898

J. F. BELL, JR.,
Cashier. Began Business: 3-1898

ASSETS

Cash, balances with other banks. in-

cluding reserve balances, and eash

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

United States Government obliga-

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

subdtVlSlOns ..................................

Other bonds, notes and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

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

Bank premises owned, furniture and

fixtures ------

..

Real estate owned other than bank

premises ----~----------------------------------------

Investments and other assets indi-

rectly representing bank premises

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

Customers' liability to this bank on

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

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

469,073,21 761,800.00
None None None 877,143.99 62,566.01 2,178.98
None None None

Total Assets ..

-- _____.............. $ 2,172,762.19

LIABILITIES Demand deposits.................................... $ Time deposits ________ --------------------- Deposits of U. S. Government __________
Del!"'!i?' of States and political sub
dtVlSlODS -------------------------------------------
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.)---------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities.................................... Capital .................................................... Surplus .................................................... Undivided profits .........______________
Reserves -------------------------- ---------------

1,011, 786.09 661,610:75 17,786:63
275,728.08 None
688.61 None
None None 80,000.00 100,000.00 25,162.03 None

Total Liabilities.._________________ ..... $ 2,172,762.19

TWENTY-NINTH ANNUAL REPORT

93

STATEl\:IENT

Showing condition at the close of business December 31, 1948, 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 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
subd1vtstons ------------------ ------------------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............................................

683,233.84 2,333,422,87
52,983,28 None None
1,27 4,086.41 2.00
None
None None None

LIABILITIES Demand deposits--------------------------------- $ Time deposits........................................ Deposits of U. S. Government............
Deposi~s . .of States and political BnbdtVISlOllS .......
Deposits of bank-------------------------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 ................................................

3,930,862.58 None None
None None
8,807,49 None
None None 50,000.00 150,000.00 174,058.33 80,000.00

Total Assets _______ -----------------------------$ 4,343,728.40

Total Liabilities~-----------~---~---------$ 4,343,728.40

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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............................................

733,733.63 1,019,176.25
6,000.00 None None
534,440,47 3,000.00 None
None None None

Total Assets___

-- $ 2,296,350,35

LIABILITIES Demand deposits---------------~---------------- $ Time deposits ----------------------------------Deposits of U. S. Government-~-------- Deposi~s. _of States and political
subdlVlSlODS ------------------------------------Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc4) -----------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ........................................................ Other liabilities...................................... Capital .................................................... Surplus ....... ---------------~------ -----------~--------Undivided profits------------~------------------- Reserves ..................................................

1,754,684.76 328,128.60 None
35,984.73 None
2,032.28 None
None None 50,000.00 75,000.00 50,519.98 None

Total Liabilities___________________________ $ 2,296,850,35

94

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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~

eluding reserve balances, and cash items in process of collection ___ $

United States Government obliga-

tions, direct and guaranteed_ Obligations of States and political

subdivisions

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

Other bonds, notes and debentures

Corporate stocks (including stock of Federal Reserve Bank) ......

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

__

Real estate owned other than bank

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

rectly representing bank premises

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

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

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

Total Assets

..................... $

93,291.42 135,000.00
None None None 44,003.63 500.00 None
None None None 272,795.05

LIABILITIES Demand deposits ............................. $ Time deposits Deposits of U. S. Government. Deposits of States and political
subdivisions Deposits of banks............................... Other deposits (certified and offi-
cers' checks, etc.) _
Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing------------------------ Other liabilities................................... . Capital .................................................... Surplus .................................................. Undivided profits.. Reserves

208.633.16 45,721.39 None
3,476.83 None
185.05 None
None None 15,000.00 1,000.00 2,778.62 1,000.00

Total Liabilities ....................... $ 272,795.05

STATEMENT

Showing condition at the close of business December 31, 1948, 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, in...
eluding reserve balances" and cash items in process of collection _$

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

___ _

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank) Loans and discounts (including
overdrafts) __ _ ------ ---- __ ..
Bank premises owned, furniture and

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

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

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

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

774,833.92 1,311,468,76
20,715.36 Nolle
3,900.00 727,173.83
None None
None None None

Total Assets ..... -- ............. $ 2,838,091.87

LIABILITIES Demand deposits.............................. $ Time deposits _ Deposits of U. S. Government _____,. Deposi~s . .of States and political
subdivisiOns ----------~------------------- _______ Deposits of banks................................

Other deposits (certified and offi-

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

Bills payable............................................ Acceptances executed by or for :w-

count of this bank and outstand-

ing...

----

Other liabilities .............~.-...................

Capital ....................................................

Surplus .................................................... Undivided profits ............................ Reserves ..................................................

1,944,379. 79 563,885.08 41,730.05
61,035.60 None
4,841.95 None
None 14,002.43 100,000.00 30,000.00 78,216.97
None

Total Liabilities .... - $ 2,838,091.87

TWENTY-NINTH ANNUAL REPORT

95

STATEMENT

Showing condition at the close of business December 31, 1948, of

MOULTRIE BANKING COMPANY Moultrie, Ga.

As called for by the Superintendent of Banks.

E. M. VEREEN, President.
Date of Charter: 7-8-1896

R. G. McDONALD, Cashier.
Began Business: 1896

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<~";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 ..... ____________ . ---.

2,021,781.76 2,268,800._43
52,943.42 44,663.19 10,600.00 3 , 5 4 0 , 0 2 2 . 72 56,212.67
None
None None 25,275.00

Total Assets

- ---- $ 8,020,299.19

LIABILITIES

Demand deposits --

----- $

Time deposits ---------------------~- __ _

Deposits of U. S. Government

Deposits of States and political

subdivisions

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

Deposits of banks ____

Other deposits (certified and offi-

cers' checks, etc.)----------------------------Bills payable............................................ Acceptances executed by or for ac..
count of this bank and outstand-

ing---------------- Other liabilities ----------------------------------Capital .................................................... Surplus ................................................. Undivided profit_s _---
Re~er'\eS

5,352,047.02 972,411.56 14,382.85
131,398.87 507,389.78
129,901.35 None
None 25,275.00 200,000.00 300,000.00 225,000.00 162,492.76

Total Liabilities

--- $ 8,020,299.19

STATEMENT

Showing condition at the close of business December 31, 1948, 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, 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

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

293,382.74 218,400.00
18,697.61 None None
145,230.88 2,802.74 None
None None None 678,613.97

LIABILITIES

Demand deposits _. ----- _________ ------ ----- $

Time deposits

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

Deposits of States and political

subdivisions

Deposits of banks _ Other deposits (certified

,;;,_d

-;,m:~

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

388,035.48 124,772:43
None
66,185.69 11,442,04
2,092,91 None
None 5,081.23 30,000.00 35,000.00 15,904.19
None

Total Liabilities

678,513.97

96

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 . Obliga~i'!n.s of States and political
subdlVJSlODS .....................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........ Bank premises owned, furniture and
fixtures .... _---------------- ... lteal estate owned other than bank
premises ..........................................._. (nvestments and other assets indi-
rectly representing hank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding.________________ _
Other assets ..........................................

601,333.70 408,973.80
None None None 476,678 .. 21 5,745.98 None
None None None

Total Assets........................... .... $ 1,492,731.69

LIABILITIES

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

Time deposits

Deposits of U. S. Government __ _

Deposits of States and political

subdivisions _________________ -----------------

Deposits of banks

_____ _

Other deposits (certified and offi-

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

Bills payable............................................

Acceptances executed by or for ac-

count of this bank and outstand-

ing ........................................................

Oth<'r liabilities....................................

Capital ....................................................

Surplus ....................................................

Undivided profits

Reserves ------------- __ ---------------

768,285.39 420,128:23 15,875;10
68,231.72 100,649:29
906.64 None
None 4,000.00 60,000.00 60,000.00 2,655.32 12,000.0!)

Total Liabilities.

. ........ $ 1,492,731.69

STATEMENT

Showing condition at the close of business December 31, 1948, 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, incluing reserve balances, and cash
items in process of collection .... $ United States Government obliga-

tions, direct and guaranteed - Obligations of States and political

subdivisions . __ ... ------

Other bonds, notes and debentures

Corporate stocks (including stock of

Federal Reserve Bank) .......

Loans and discounts (including

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

Bank premises owned, furniture and

fixtures

..... _______ _______ _

Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real estate ____________________ _

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

277,242.74 383,800.00
4,000.00 None None
532,561.92 6,500.00 None
None None 26,686,60

Total Assets

.......... $ 1.230,791.26

LIABILITIES

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

Time deposits

----

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

Deposi~s. .of States and political

subdlvlBJOns ---------------------

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

644,464.16 331,778.38
10,642.72
37,933.02 57,952.02
1,964.09 None
None None 35,000.00 35,000.00 40,058.66 35,998.31

Total Liabilities _

... $ 1,230,791.26

TWENTY-NINTH ANNUAL REPORT

97

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF NEWINGTON Newington, Ga.

As called for by the Superintendent of Banks.

W. L. BRANTLEY, President.
Date of Charter: 7-7-1919

ADIEL E. HODGES, Cashier.
Began Business: 8-14-1919

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

subdtvlstons ........................................

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 --~~----~-- ---------- ----- $

24,754.14 85,000.00
None None None 83,095,39 875.00 None
None None None 193,724.53

LIABILITIES TDiemmeanddepdoesiptossi__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 ac4

count of this bank and outstand-

ing

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

Other liabilities~- -----~-~----~---------

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

Surplus .______ ~---~-----------~----

Undivided profits

Reserves

165,885.34 None None
None None
239.13 Nolte
None None 15,000.00 10,000.00
2,Goo:os
None

Total Liabilities ______ --~--~-~----- __ $ 193,724.53

STATEMENT

Showing condition at the close of business December 31, 1948, 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 ____ $ United States Government obligations, direct and guaranteed _ Obliga~i~n.s of States and political
SUbdiV1810DS -------
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 asseta indi4
rectly representing bank premises or other real estate..--~-~~--~-- Customers' liability to this bank on acceptances outstanding_________________ _ Other assets............ ~~~---~----
Total Assets

428,134.77 5,000.00 None None None
163,942.67 1,840.69 None
None None None 598,918.13

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 ac-

count of this bank and outstand-

ing--------------------------------- Other liabilities...........................~---

Capital -~---~-

Surplus

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

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

Undivided profits~-~- . --~-- ____

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

443,267.36 23,156.63 396.50
47,068.15 None
2,506.15 None
None None 25,000.00 50,000.00 5,523.34 2,000.00

Total Liabilities~~

-~--~-------~----~~----- $ 598,918.13

98

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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-

cluding reserve balances, and cash

items in procf'ss of collection

$

United States Government obliga-

tions, direct and guaranteed

Obliga!i~n.s of States and political

subdlVlSlODS ..............................

Other bonds, notes and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

,.

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

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

rectly representing bank Premises

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

Customers' liability to this bank on acceptances outstanding_______ _

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

Total At:>.sets

?,8,889.42 268.580.23
None None None 115.543.77 6,972.50 None
None None None 479,985.92

LIABILITIES

Demand dtposits Time deposits

_$ ____ _

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

Deposits of States and political

subdivisions

Deposits of banks..

Other deposits (certified and offi-

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

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

count of this bank and outstand-

ing -----Other liabilities

Capital ...... .. ....................................

Surplus

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

lJ ndiv!ded proiits

Re.-5erves

390,105.48 22,533.93 None
10,979.23 None
None None
None 2,416.00 30,000.00 6,000.00 16,500.00 1,451.28

Total Liabilities

479,985.92

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF OCHLOCHNEE Ochlochnee, Ga.

As called for by the Superintendent of Banks.

W. H. WURST, President.
Date of Charter: 10-19-1906

A. E. SPEER, Cashier.
Began Business: 11-1906

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection

$

United States Government obligations, direct and guaranteed

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

... $

213,290,71 97,500.00 3,000.00 None None JSO,o9n.35 2,950.00 None
None None None 496,840.06

LIABILITIES

Df~mand deposits

___________ $

Time deposits

Deposittj of U. S. Government_

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

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

Bills payable............................................

Acceptances executed by or for ac-

count of this bank and outstand-

ing ........................................................

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

Capital ...................................

Surplus ...................

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

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

273,057.32 142,027:02
2,896.13
7,039 ..32 30,520.55
158.58 None
None None 25,000.00 5,000.00 11,141.14 None

Total Liabilities ..

496,840.06

TWENTY-NINTH ANNUAL REIPORT

99

STATEMENT

Showing condition at the close of business December 31, 1948, 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 __ ____
Obllga!i'!n.s of States and political subdtvtstons ......................................
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank)....................
Loans and discounts (including overdrafts ) ----------------------- --------.... .
Bank premises owned, furniture and
fixtures --------------------------------------------Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding.................. Other assets............................................

570,978.62 1,483,694.00
None None None 520,113,43
5,7~6._38
None
None None None

Total Assets

------"""" $ 2,580,502.43

LIABILITIES

Demand deposits .....--

___ , $

Time deposits

___________ _

Deposits of U. S. Government __

Deposi!'S..of States and political

subdtVlSIOflS --- ----------------------------------
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 ------------------

1,670,848.98 528,734;15 25,238.15
151,788.28 None
15,098.86 None
None None 60,000.00 50,000.00 73,794.01 15,000.00

Total Liabilities --------------- -- __ . $ 2,580_,502.43

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks.

W. E. WILBURN, President.
Date of Charter: 2-5-1901

JOHN F. WILLIAMS, Cashier.
Began Business: 2-8-1901

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in process of collection ------- $
United States Government obligations, direct and guaranteed __
Obliga~i'!n.s of States and political subdlVlSIODS ......................................
Other bonds, note& and debentures Corporate &tocks (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............................................

371,896._58 189,100.00
5,000.00 None None
632,835.50 300.00
2,007.00
None None None

Total Assets __ __................. ------ $ 1,201,139.08

LIABILITIES

Demand deposit ____

..________ $

Time deposits ____ ----------------

Deposits of U. S. Government

Deposi~s . .of States and political

subdtVISIODS ------------------------------------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

1,039,745.98 25,288.64 7,873.85
19,221.06 None
1,483.07 None
None 42,193.64 15,066.00 35,000.00
3,643.82 11,689.02

Total Liabilities ........

- - $ 1,201,139.08

100

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December :n, 1 948, of

FARMERS BANK Palmetto, Ga.

As called for by the Superintendent of Banks.

J. H. BALLARD, President.
Date of Charter: 6-29-1918

B. HUDSON, Cashier.
Began Business: 7-10-1918

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ___ $ United States Government obligations, direct and guaranteed............ Obliga~i~n.s of States and political
SUbdtV1810DS ...................................
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
premise& ............... ----------------- 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

....................... $

94,435.46 317,300.00
None None None 95,115.49
2.00 None
None None None 506,852.95

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 ac-

count of this bank and outstand-

ing ........................................................

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

Capital ....................................................

Surplus ................... .. .....................

Undivided profits.

Reserves

396,354.4;; 67,961.72 None
153.01 None
1,863.73 None
None None 25,000.00 10,000.00 5,520.()6
Non~

Total Liabilities

506,852.96

STATEMENT

Showing condition at the close of business December 31, l948, of

THE PATTERSON BANK Patterson, Ga.

As called for by the Superintendent of Banks.

ROMA THOMAS, President.
Date of Charter: 6-19-1907

AGNES M. THOMAS, Cashier.
Began Business: 6-19-1907

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $

United States Government obliga-

tions, 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 (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..

281,643.02 107,000.00
None None None 59,904.85 1,950,00 None
None "None None 450,497.87

LIABILITIES Demand deposits _________________ -------
Time deposits. ___________ -----------------------Deposits of U. S. Government........ .. Deposi~. .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

321,809.28 71,423.58 None
20,000.00 None
1,987.63 None
None 184.93
1s.ooo:oo
15,000,00 5.092.45 None

Total Liabilities

. .. $ 450,497 .8'7

TWENTY-NINTH ANNUAL RIDPORT

101

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS EXCHANGE BANK Pearson, Ga.

As called for by the Superintende11.t of Banks.

J. L. SUMMERLIN, President.
Date of Charter: 1-19-1943

H. T. SCRUGGS, Cashier.
Began Business: 5-12-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash 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

Fed~ral Reserve Bank)--------------------

Loans and discounts (including

overdrafts) ___ . ------------ ----------

Bank premises owned, furniture and

fixtures

______

_________ _

Real estate owned other than bank

premi<Ses ---------------------------------------------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 ---------------------------- $

315,467.40 314,000.00
None None None 222,538.11 2,000.00 None
None None None 854,005.51

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

526,660.39 98,950.85 30,000.00
72,034.57 81,456.26
949.12 None
None None 25,000.0il 12,000.00 600.00 6,354.32

Total Liabilities -----

854,005.51

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS BANK OF PELHAM

Pelham, Ga.

As called for by the Superintendent of Banks.

F. D. HOLLIS, President.
Date of Charter: 8-25-1902

R. T. MUGGRIDGE, Cashier.
Began Business: 9-1-1902

ASSETS

Cash, balances with other banks, in-

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

United States Government 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 aesets indi-

rectly representing bank premises

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

Customers' liability to this bank on

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

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

539,592.15 637,800.00
None None None 615,075.08 9,588,30 None
None None None

Total Assets ---------------------- ____ $ 1,802,055._53

LIABILITIES

Demand deposits

_______ $

Time deposits

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

Deposits of U. S. Government __

Deposits of States and political

subdivisions ____ ---------------------------- _ Deposits of banks ____________________________ _

Other deposits (certified and offiB i lcles rps 'a ycahbelcek__s__,____e__tc__._)_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-___

Acceptances executed by or for account of this bank and out-
standing ---------------------------------------Other liabilities Capital __________________ ---------------------- Surplus __________________ -----------------------Undivided profits_ Reserves _

1,096,008.67 306,514.21 6,218.52
115,580.05
59,71~;13
4,604.80 None
None 8,063.66 100,000.00 50,000.00 32,803.43 22,549.06

Total Liabilities

---- $ 1,802,055.53

102

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

PELHAM BANKING CO. Pelham, Ga.

As called for by the Superintendent of Banks.

W. C. COOPER, President.
Date of Charter: 12-4-1936

D. P. OTT, Cashier. Began Business: 12-8-1936

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed~---- 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--------- Cuasctcoempetarns'celisaboiulittsytatnoditnhgis____b__a__n__k____o__n_
Other assets---------------------------------------

235,95~,27
361,396.66 48,713.68 None None
392,189,18 8,417.52 None
None None None

Total Assets -------------------------------- $ 1,046,671.31

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 bank-------------------------Other deposits (certified and offiBicllesrps'aycahbelcek__s_,___e_t_c_._)__--_-_-_~-_-_--_-_--_-_-_-_-_--_-_--_-_--_-Acceptances executed by or for
account of this bank and outOtshtaenr dilnigab-i-l~i-t-i-e-s--_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_-_-_-__-_
Capital ----------------------------------------SUunrdpilvuisd e-d- - - -p-r-o- -f-i-t s- -. _-_-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-_-_-__-_-_
Reserves -----------------------------------------------

762,313.37 152,845.14
10,894.56
14,682.29 None
9,438.62 None
None 4,842.80 25,000.00 26,000.00 26,654.63 15,000.00

Total Liabilities -------------------------- $ 1,046,671.31

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEMBROKE STATE BANK Pembroke, Ga.

As called for by the Superintendent of Banks.

C. L. GRUVER, President.
Date of Charter: 12-29-1937

E. B. MILES,
Cashier. Began Business: 2-11-1938

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 indireetly representing bank premises or other real estate------------------ Cuasctcoempetarns'celisaboiulittsytatnoditnhgis___b__a_n__k____o_n_
Other asset---------------------------------------
Total Assets --------------------------------- $

215,589.29 163,100.00
4,616.67 None None
452,928,31 3,10LOO None
None None 2,666,30 841,901.57

Demand deposits___L__I__A___B__I__L__I__T__I__E__S________ $

Time deposits___ ---------------------------------Deposits of U. S. Government ___________ Deposits of States and political D espuobsdiitvs i soifo nbsa n k--s--_-_-_--_-_-_--_-_-_--_-_-_--_-_-_--_-_-_--_-_-_--_-_-_--_-
Other deposits (certified and ofllB icl lesrps 'a ycahbelcek_s_, __e_t e_._)___-_--_--_-_--_--_-_--_--_-_--_--_-_--_-

Acceptances executed by or for account of this bank and out-
Otshtaenr dilnigab-i-li-t-i-e-s-_-_-__-_-__-_-_-__-_-__-_-_-__-_-__-_-__-_-_-__-_-__-_

Capital --------------------------------------Surplus ---------------------------------------Undivided profits_____ ------------------------

Reserves

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

569,632.55 62,826.32 6,527:32
125,046.43 None
4,403.80 None
None 14,671.80 25,000.00 25,000.00
1,393.36 17,600.00

Total Liabilities______________________________ $ 841,901,67

TWENTY-NINTH ANNUAL REPORT

103

STATEMENT

Showing condition at the close of business December 31, ;.948, of

PERRY WAN & SAVINGS BANK Perry, Ga.

As called for by the Superintendent of Banks.

C. E. ANDREW, President.
Date of Charter: 8-20-1889

W. V. TUGGLE, Cashier.
Began Business: 1889

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection_______ $
United States Government obligations direct and guarsnteed-------
Obliga~i'?n!' 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 ____________________________________

288,624.85 1,006,000.00
2,500.00 None None
588,937.44 2.00
None
None None None

LIABILITIES Demand deposits.------------------------------ $ Time deposits ----------------------------------Deposits of U. S. Government___________
Deposi?'. _of States and political
DeSpuobdstiVtsISolOf DbSank--s-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and offiBicllesrps'aycahbeclek_s_~____e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding --------------------------------
Other liabilities..........-----------------------Capital ----------------------------------------Surplus ----------------------------------------------Undivided profits___________ --------------------Reserves -----------------------------------------------

---------------------------------------------- Total Assets..

-------- $ 1,879,973.79

Total Liabilities____________________________ $

STATEMENT

1,289,878.23 144,402.74 1,715,53
255,199.87 None
3,445,35 None
None None 25,000.00 27,600.00 125,730.67 7,101:40
1,879,973,79

Showing condition at the close of business December 31, 1948, of

BANK OF PINEHURST Pinehurst, Ga.

As called for by the Superintendent of Banks.

HOWELL PORTER, President.
Date of Charter: 1-1-1908

A. M. WILSON,
Cashier. Began Business: 1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ------- S 351,021,27

United States Government obliga

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

120J519.89

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

subdlVlSlODS ------------------------
Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

125,322,62

Bank premises owned, furniture and

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

2,100,00

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___________
Other assets_______________________

None None

Total Assets.--------------------_-------$ 698,963,78

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 Despuobds1itvs1so1fonbsan-k---s--_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek__s_,___e__t_c__._)_-_-_-_-_--_-_-_-_-_--_-_-_-_--_-_-_-_-_--_-_--
Acceptances executed by or for account of this bank and outstanding -----------------------------------
Other liabilities -------------------------------Debentures -------------------------------------Capital .-------------------------------------------SUunrdpilvuisded prof-i-t-s--_-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-__-_-_-
Reserves --------------------------------------------

447,653.66
91,816~78
None
8,626,05 None
845.76 None
None None 10,000.00 25,000.00 10,000.00 21.53 6,000.00

Total Liabilities---------------------------- $ 598,963.78

104

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

PITTS BANKING COMPANY Pitts, Ga.

As called for by the Superintendent of Banks.

A. C. SHELL,
President. Date of Charter: 6-2-1906

A. C. SHELL, JR., Cashier.
Began Business: 6-1906

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

253,901,11 147,400.00
None None None 41,807,28 660.00 None
None None None 443,758.39

LIABILITIES Demand deposits ____ ------------------------------ $ Time deposits --------------------------Deposits of u~ S. Government _________

Deposits of States and political

D espuobsdiitvs i

soifonbsan

-----------~---------------------ks _______________________________

_

Other deposits (certified and offiBicllesrps'aycahbelcek_s__,__e__t_c_._)_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and outstanding -------------------------------------------
Other liabilities_________________ -----------------

Capital ------------------------------------------------Surplus ---------------------------------------------Undivided profits ______

Reserves ------------------------------ ----------~--------

336,058.14 20,332.04 No-ne
43,082,58 None
575.96 None
None None 25,000.00 6,000.00 13,709.67 None

Total Liabilities---------------------------- $ 443,758.89

STATEMENT Showing condition at the close of business December al, 1948, of
THE BANK OF QUITMAN Quitman, Ga.
As called for by the Superintendent of Banks.

H. W. STUBBS, President.
Date of Charter: 12-31-1888

F. T. BENSON, Cashier.
Began Business: 12-31-1888

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______ $
United States Government obligations, direct and guaranteed _____
o~~~d~~i~~n~f~~~t_es ~n~ ~-olit~~l

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_____________________________________

1,040,995,14 1,055,881.60
None None None 198,102.19 3,587,52
None
None None None

Total Assets ________________________________ $ 2,298,566,45

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

1,756,116.96 206,656.54 13,581;71
118,796.12 2,718.74
247.56 None
None 3,000.00 100.000.00 50,000.00 2,448.82 45,000.00

Total Liabilities

------ $ 2,298,566.45

TWENTY-NINTH ANNUAL REPORT

105

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE TATTNALL BANK Reidsville, Ga.

As called for by the Superintendent of Banks.

RALPH HUCKABEE, President.
Date of Charter: 9-14-1900

E. B. REGISTER, Cashier.
Began Business: 10-22-1900

ASSETS Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection ------- $ United States Government obligations, direct and guaranteed__

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

subdiVlSIOllS -------- __ , __ _

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

________ _

Bank premises owned, furniture and

fixtures

_______ _

Real estate owned other than bank

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

rectly representing bank premises or other real estate--~--------~-- Customers' liability to this bank on acceptances outstanding_ _ __

Other assets----------~-~-~-~-~~-~---~

189,605,79 822,500,00
600.00 None None 384,838.75 4,740.00 None
None None None

Total Assets---------------------~---------- $ 1,402,284.54

LIABILITIES Demand deposits -------------~------------- ____ $

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

Deposits of States and political

subdivisions Deposits of banks______

-------------------__________

Other deposits (certified and offi-

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

Capital -----------------------------~-------------------- Surplus -----------------------------------------------Undivided profits ___ ----------------------

Reserves

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

943,486.66 192,079.98
6,136.32
167,407.18 None
8,425.73 None
None None 25,000.00 25,000.00 23,981.36 10,767.31

Total Liabilities....-----------------~----- $ 1,402,284.54

STATEMENT Showing condition at the close of business December 31, 1948, of
RENTZ BANKING COMPANY Rentz, Ga.
As called for by the Superintendent of Banks.

0. D. BARRON, President.
Date of Charter: 5-2-1914

S. B. SMITH, Cashier.
Began Business: 5-5-1914

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ________ $ 68,521,82

United States Government obliga-

tions, direct and guaranteed _________ 130,336,22

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

subdlVlSlODS -----~------------~--------------- Other bonds, notes, and debentures

98.96 5,000.00

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

298,922.78

Bank premises owned, furniture and

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

500.00

Real estate owned other than bank

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

5.00

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------------------------~----~--~ $ 503,384.78

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

426,116.64 18,810,00 None
10,808.53 None
None None
None 3,073.93 25,000.00 5,000.00 10,972.77 3.602.91

Total Liabilities -------------------------- $ 503,384,78

106

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE CITIZENS STATE BANK Reynolds, Ga.

As called for ,by the Superintendent of Banks.

MRS. CHAS. H. NEISLER, President.
Date of Charter: 9-8-1922

R. L. BELL, Cashier.
Began Business: 9-8-1922

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

subdiVlSlOllS ------------------ ---- --------------
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 ....-----------------------------------

303,259.68 125,350.00
10,000.00 None None
620,642.16 2,425,00 None
None None None

Total Assets ..

------- $ 1,061,676.84

Demand deposits ___L___I__A___B___I__L__I__T___I__E___S________ $ Time deposits ______________________________________
Deposits of U. S. Government____________
D~r;,'{,"J~isi~~s S:"~----~~~---~-~~:i~~~
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 ------------------------------------------------

729,494.06 202,386:82
20,371:25
33,096.55 None
1,520.96 None
None None 25,000.00 15,000.00 34,807.20 None

Total Liabilities ------------------------- $ 1,061,676.84

STATEMENT

Showing condition at the close of business December 31, 1948, of

WILLIAMS BANKING COMPANY

Rhine, Ga.

As called for by the Superintendent of Banks.

J. C. WILLIAMS, President.
Date of Charter: 8-4-1947

J. C. WILLIAMS, Cashier.
Began Business: 10-1-1947

ASSETS

Cash, balances with other banks, in-

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

88,113,60

United States Government obligations, direct and guaranteed____ -- ---

150,000,00

Obliga~i'!n.s of States and political
subd1V1810RS -~----------------------------
Other bonds, notes, and debentures

None None

Corporate stocks (including stock of Federal Reserve Bank) ---

None

Loans and discounts (including

overdrafts)

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

95,753,57

Bank premises owned, furniture and fixtures -----------------------------------------

1,700,00

Real estate owned other than bank premises -----------------------------------------

None

Investments and other assets indi..

rectly representing bank premises

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

None

Customers' liability to this bank on acceptances outstanding______________

None

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

None

Total Assets--------------------------------- $ 335,567,17

Demand deposits.__L__I__A___B__I__L__I__T__I__E__S________ $
Time deposits....-------------------------Deposits of U. S. Government ________ Deposi?'. _of States and political
subdlVlSlODS -------------------------------------
Deposits of banks....------------------------Other deposits (certified and offi-
cers' checks, etc.) ___________ Bills payable_.___________________________________ Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_
Capital -----------------------------SUunrdpilvuisded----p---r-o--f--i-t--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_
Reserves ---------------------------------------------

298,140,69 44.38 None
450.45 None
195.05 None
None None 25,000.00 10,000.00 1,736,60 None

Total Liabilities______________________________ $ 335,567,17

TWENTY-NINTH ANNUAL RE!PORT

107

STATEMENT

Showing condition at the close of business December 31, 1948, of

RICHLAND BANKING COMPANY Richland, Ga.

As called for by the Superintendent of Banks.

E. W. PARISH, President.
Date of Charter: 10-13-1927

REBECCA PARISH. Cashier.
Began Business: 10-15-1927

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

311,898.77 510,800.00
None None None 207,843.74 4,780.00 None
None None None 1,035,322.51

Demand deposits __L___I_A___B___I_L___I_T___I_E___S_______ $ Time deposits-------------~-----------~---~-------Deposits of U. S. Government ______ _ Deposi~. _of States and political
subdlVlSlODS -------------------------------------
Deposits of banks ___________ -------------------Other deposits (certified and offiBicllesrps'aycahbelcek_s__,__e__tc_._)_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_-_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Capital ---------------------------------Surplus _________ --------------------------------------Undivided profits __ Reserves _______ ------------------------------------- __ _

828,184.25 52,413.81 None
24,287.21 26,450;20
13,013,97 None
None None 40,000.00 25,000.00 21,732A4 4,240.63

Total Liabilities ---------------------- ______ $ 1,035,322.51

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF RINGGOLD Ringgold, Ga.

As called for by the Superintendent of Banks.

R. H. BANDY, President.
Date of Charter: 8-26-1904

WALLACE B. BRUCE,
Cashier. Began Business: 8-1904

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _ _$ 275,252.51

United States Government obliga-

tions, direct and guaranteed

523,407,57

Obliga!i~n!' of States and political
SUbdlVlSlODS ---------------------------------------
Other bonds, notes, and debentures

23,011.50 None

Corporate stocks (including stock of

Federal Reserve Bank)

None

Loans and discounts (including overdrafts) ____________ -----------------------

393,608,02

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

12,754.40

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

1.00

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_______________________________ $ 1,228,035.00

Demand

LIABILITIES d e p o s i t s ___________________________

$

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

Deposi~. .of States and political

DeSpuob

sditVtslSolOf

DbSa

------------------------------~--
nks _______________________

Other deposits (certified and offi Bicllesrsp'aycahbelcek_s__,__e_t_c_._)_-_-_-_-__-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-_-_---

Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-it-i-e-s-_-__-_-__-_-__-_-__-_-__-_-__-_-_-___-__-_-__-_-_

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

567,483.21 386,596:76 18,086,73
169,488.84 None
1,985.86 None
None None 215,000.00 50,000.00 9,393:6o None

Total Liabilities ___________________________ $ 1,228,035.00

108

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1948, of
CRAWFORD COUNTY BANK Roberta, Ga.
As called for by the Superintendent of Banks.

C. R. AVERA, President.
Date of Charter: 1-7-1901

F. E. BENTLEY,
Cashier. Began Business: 1-8-1901

ASSETS

Cash, balances with other banks, in

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

United States Government obligations. direct and guaranteed __________

Obligations of States and political

subdivisions ---

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

overdrafts) --------

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

Bank premises owned, furniture and

fixtures -------

Real estate owned other than bank

premises

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

Investments and other assets indi-

rectly representing bank premises or other real estate_____________

Customers' liability to this bank on acceptances outstanding________________
Other assets.._________________________________________

Total Assets _

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

206,918.84 237,200.00
10,000,00 None None
93,708.19 900.00
2,750.00
None None None 551,477.03

LIABILITIES Demand deposits _________________________________ $ Time deposits _______________________________________
Deposits of U. S. Government. _________ Deposits of States and political Despuobsdiitvsisoifonbsan-k--s--_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-
Other deposits (certified and offiBicllesrps'aycahbelcek_s__,___e__t_c_._)_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-
Acceptances executed by or for account of this bank and outstanding ---------------------------------
Other liabilities_______________ ---------------------Capital -------------------------- ------------------------Surplus ---------------------- -------------------------Undivided profits Reserves

457,632.88 36,530.94 None
25,597.32 None
261.60 None
None None 15,000.00 10,000.00 3,000.00 3,454:29

Total Liabilities ______

--- $ 551,477,03

STATEMENT

Showing condition at the close of business December 31, 1948, of

ROCHELLE STATE BANK Rochelle, Ga.

As called for by the Superintendent of Banks.

M. M. STEPHENS,
President. Date of Charter: 7-8-1947

MATT W. ESTES,
Cashier. Began Business: 8-1-1947

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

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions ___ -------------------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)_

Loans and discounts (including

overdrafts)

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

Bank premises owned. furniture and

fixtures

Real estate owned other than bank

premises ______ -------------------------------------

Investments and other assets indi-

rectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding________________

Other assets .

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

251,609.99 6,000.00 None None None
107,158.04 2,250,00 None
None None None 367,018.03

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 Despuobsdiitvsisoifonbsank--s--.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and officers' checks, etc.)------------------------------
Bills payable............................................ Acceptances executed by or for
account of this bank and outstanding ----------------------------------------Other liabilities....................................
Capital -------------------------------------------------Surplus -------------------------------- ------------------Undivided profits---------------------------------
Reserves ---------------------------------------------

300,886.94 None None
29,936.04 None
757.90 None
None None 25,000.00 5,000.00 5,437.15 None

Total Liabilities.. ________________ --------- $ 367,018,03

TWENTY-NINTH ANNUAL REPORT

109

STATEMENT

Showing condition at the close of business December :n, 1948, of

THE ROCKMART BANK Rockmart, Ga.

As called for by the Superintendent of Banks.

H. P. FAMBRO, President.
Date of Charter: 10-30-1900

M.A. PERRY, Cashier.
Began Business: 1900

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

United States Government obligations, direct and guaranteed
Obliga~if:!n!' 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

663,432.23 1.566,989.00
8,748.00 None None
640,930.89 13,500,00 None
None None None

Total Assets

------- $ 2,893,600.12

LIABILITIES Demand deposits ---------------------------- ___ $ Time deposits ..___________ -----------------------Deposits of U. S. Government____________
Deposits of States and political D espuobsdiitvs i soifo nbsa n k-s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-_-_-_-_-_-_-_-_--_-
Other deposits (certified and officers' checks, etc.)----~-----------~---~-----
Bills payable__-- Acceptances executed by or for
account of this bank and outOtshtearndliinagbi-l-i-t-ie--s-_-_-_-_--_-_-_-__-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_
Capital ---------------------------------------------Surplus ------------------------------------------Undivided profits Reserves

1,894,551.05 759,760:90 13,317.97
80,580.09 None
2,204.87 None
None 5,000.00 50,000.00 25,000.00 34,185.24 29,000.00

Total Liabilities__

------- $ 2,893,600.12

STATEMENT

Showing condition at the close of business December 31, 1948, 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!if:!n_s of States and political
SUbdiVlSlOllS ---------------- -----------------------
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__ _

845,972,58 1,152,354,40
49,308,27 20,090,40
None 991,421,98
31,716.47 None
10,001,48 None
7,400.09

Total Assets

-----$ 3,108,265.67

LIABILITIES
Demand deposits ----------------------------- _____ $
Time deposits ---- --------- -------------------Deposits of U. S. Government_______ Deposi~. _of States and political
DespuobsdiitvsisoiOf nbsanks ____-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-

Other deposits (certified and offiBilclesrsp'aychabeclek_s_,____e__t_c__.__)___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-

Acceptances executed by or for
account of this bank and outstanding ---------------~-----------------------Other liabilities............................._......_.

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

Reserves

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

1,650,853. 72 801,880.20 11,309,06
432,570.45 None
4,746.96 None
None None 125,000.00 25,000.00 7,270.90 6,920.38

Total Liabilities ------------------------ --- $ 3,108,265.67

110

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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

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

United States Government obliga-

tions, direct and guaranteed _______

Obligations of States and political

subdivisions -------------- __ ------------------

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

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

Bank premises owned~ furniture and

fixtures

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

Real estate owned other than bank

premises---------~---------------------------

Investments and other assets indi

rectly representing bank premises

or other real estate_____________________

Customers' liability to this bank on

acceptances outstanding________________

Other assets ____________ -------------------------------

412,652,05 1, 762,300.00
13,000._00 None None
908,304.31 2,446,75 None
None None None

Total Assets __ --------------------------------$ 3,098,703,11

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 Despuobsdittvstsotofnsban--k--s--.-.-_-_-_-_-_-__-_-_-_-_-_-_-_-_-------------
Other deposits (certified and officers checks, etc.) -----------------
Bills payable-----------------------------Acceptances executed by or for
account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_---

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

Surplus

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

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

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

2,309,082.56 548,651.02 None
18,635.45 82,533,55
5,224.55 None
None None 25,000.00 50,000.00 24,575.98 35,000.00

Total Liabilities________________________ $ 3,098,703._11

STATEMENT

Showing condition at the close of business December 31, 1948, 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

LAWSON McCONNELL, Cashier.
Began Business: 9-1-1941

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ______ $ 279,91~,32

United States Government obliga-

tions, direct and guaranteed----_

529,348._34

Obliga~i'?n!' of States and political

8UbdtV1810DS ------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ______ ---------------------

154,58L12

Bank premises owned, furniture and

fixtures ------------------------------------ ______

5,371,07

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______________
Other assets ________________________ Total Assets _________________________________ $

None None
969,214.85

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 DespuobsdittvstsotOf nbsanks ______-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-
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 profit--------------------------------Reaerves ..................................................

872,211.91 None
9,683,70
18,120,05 None
3,421.99 None
None None 25,000.00 25,000.00 15,777:20 None

Total Liabilities_________________________ $ 969,214.85

TWENTY-NINTH ANNUAL REPORT

111

STATEMENT

Showing condition at the close of business December 31, 1948, 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, including reserve balances~ and cash items in process of collection _____ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

---------

Bank premises owned, furniture and

fixtures ------------------------------ ______________ --

Real estate owned other than bank

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

Investments and other assets indi-

rectly representing bank premises or other real estate_______________________

Customers' liability to this bank on acceptances outstanding______________

Other a88ets----------------------

Total Assets _______________ _

-- $

205,808,37 47,900.00 5,523,56 3,000.00 None
333,494.65 1,851. 76 None
None None None 597,578.34

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
SUbdlVISIOTIS -------- ---------------------------
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--r--o--f-i-t-s--_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-------------
Reserves -------------------- ----------------------------

357,064.36 131,043:21
None
49,500._00 None
3,177.42 None
None None 25,000.00 12,500.00 17,953.84 1,339.51

Total Liabilities __ ------------------------ $ 597,578.34

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF' SARDIS Sardis, Ga.

As called for by the Superintendent of Banks.

W. H. SMITH, President.
Date of Charter: 4-27-1945

WILLARD E. BELL, Cashier.
Began Business: 7-2-1945

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection ------- $ 133.624.63

United States Government obliga-

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

80,000.00

Obliga~i'?n!' of States and political

8UbdiV18lOD8 ---------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (Including stock of

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

None

Loans and discounts (including

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

90,028,01

Bank premises owned, furniture and

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

None

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premises or other real estate________________

None

Customers' liability to this bank on acceptances outstanding______________

None

Other assets---------------------------- - - - -No-ne

Total Assets---------------------------------- $ 263,552,64

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 Despuobsdiitvsisioofnsban___k_ s--_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_--_
Other deposits (certified and officers' checks, etc.)----=------------------------
Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
Otihnegrliabilities________-_-_-__-_-_-__-_-_-_-__-_-_-__-_-_________-_
Capital ------------------------------------------------Surplus -------------------------------------------Undivided profits--------------------------------Reserves ..................................................

178,190.75 None None
15,150.64 21,884:88
389.40 None
None None 25,000.00 5,000.00 7,936.97 None

Total Liabilities ----------------------- ___ $ 253,562.64

112

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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

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

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________________________________________

Total Assets..

137,579.83 156,600.00
10,000.00 None None
128,389,08 2,900,00 None
None None None

LIABILITIES
Demand deposits ---------------------------- _____ $ Time deposits Deposits of U. S. Government

Deposits of States and political subdivisions ________________________

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

Other deposits (certified and offi-

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

Acceptances executed by or for ac-

count of this bank and outstand-

ing-------------------------------------------------------

Other liabilities

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

Capital ___________.................

Surplus

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

Undivided profits

Reserves

351,437.71 1,400.00 6,610.00
3,091,81 None
176.00 None
None None 25,000.00 32,600.00 16.253.39 None

Total Liabilities .

435,368.91

STATEMENT

Showing condition at the close of business December 31, 1948, 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

JAMES J. JOHNSON, 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

Obliga~i~n!' of States and political

subdtvtstons -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ....................

Loans and discounts (including

overdrafts)

___

_____ _

Bank premises owned, furniture and fixtures _______ _

Real estate owned other than bank premises _______________ -------------------------------

Investments and other assets indirectly representing bank premises

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

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

290,251._27 1,000,000.00
None None None 1,526,068.21 37,835.63
1.00
None None 28,945.29

Total Assets..

$ 2,883,101.40

LIABILITIES Demand deposits ...... ----------------------.,Time deposits .... _____________ ................ $ Deposits of U. S. Government. Deposi!s..of States and political
8UbdtV18lOD8 ---------------------------
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 proftts.
Reserves -----------------

None 2,442,148.94
None
None None
2,671.00 None
None 5,232.21 100,000.00 200,000.00 133,049.25
Nolle

Total Liabilities ..

.... $ 2,883,101.40

TWENTY-NINTH ANNUAL REPORT

113

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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 ____ _

---$

55,711.96 40,051.26
None None 100.00 202,581.07 1,650,00 120.98
None None 1,478.64 301,693.91

LIABILITIES

Demand deposits -------------------------------- $ Time deposits ___ ----

Deposits of U. S. Government

Deposits of States and political

subdivisions Deposits of banks __________

Other deposits (certified and offi-

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

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

count of this bank and outstand-

Otihnegr---l-i-a--b-ilities-____________--

Capital ________

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

Surplus ---------------------------------------- _______ Undivided profits. ___ _

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

None 151,176.86
None
15,000,00 10,000.00
2,767.64 None
None None 100,000.00 19,220.00 3,529.41 None

Total Liabilities

301,693.91

STATEMENT

Showing condition at the close of business December 31, 1948, 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, in4

eluding reserve balances, and cash

items in process of collection _______ $

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions ______

-------- _

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)__

Loans and discounts (inc I u ding

overdrafts)

Bank premises owned. furniture and

fixtures

__

Real estate owned other than bank

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

rectly representing bank premises

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

Customers' liability to this bank on

acceptances outstanding

Other assets

1,392,719,49 1,288,999.74
270,995.95 645,848.02 12,000.00 2,142,482.12 100,000,00
None
None None 13,662.48

Total Assets

- -- $ 5,866.707.80

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 ac--

count of this bank and outstand-

ing ....................................................... Other liabilities Capital

Surplus

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

Undivided profits

Reserves

2,602,766.12 1.730,702.14
152,730,38
812,550.57 77,232.09
34,987,05 None
None 18.640.31 200,000.00 200,000.00 30.000,00
7,099.14

Total Liabilities

- $ 5,866,707.81)

114

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 _ 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 -------------

652,666,75 1, 714,000,00
139.901.20 None None
3,705,947.50 83,946,00
None
None None 3,662.25

Total Assets _

.. -------------$ 6,200,012.70

Demand deposits..__L__I_A___B__I_L__I__T__I_E__S______ $
Time deposits ______________ -------------Deposits of U. S. Government ________
Deposits of States and political subdivisions --------------------------------------
Deposits of banks --------------------------------Other deposits (certified and offi-
cers' cheeks, etc.)----------------------~~-Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing--Other liabilities.................
Capital ---------------------------------------------Surplus ......... -----------------------------------------Undivided profits.... Reserves ______

None 5,461,052.11
975,00
146,345.32 None
15,411.01 None
None 12,100.01 326,000.00 100,000.00 131,710.06
7,419:20

Total Liabilities .. ----------------- ____ $ 6,200,012.70

STATEMENT

Showing condition at the close of business December 31, 1948, of

SAVANNAH BANK & TRUST COMPANY OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks.

REUBEN CLARK President.
Date of Charter: 3-4-1869

E. A. PERKINS, 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.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 _____ --------------------

4,907,065,25 4, 782,969,22
194,067.83 14,133.30 32,634.21
7,924,1!97 .36 430,000.00
None
None None 83,294.70

Total Assets .. _ .......... ________________ $ 18,368,661.93

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.) --------~-------------------
Billa payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-

Otihnge-rliabilities______-_-_-________-_-_-__-_-_-_--------

Capital ----------------------------------------------Surplus -------------------~------------------------Undivided profits ______

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

9,802,308.68 3,859,499:66
417,328.23
1,216,869.98
1,606,433~38
130,333.46 None
None 88,836.69 600,000.00 600,000.00 224,689.41 23,362:65

Tots! Liabilities ...... -------------------- $ 18,368,661.93

TWENTY-NINTH ANNUAL REPORT

115

STATEMENT

Showing condition at the close of business December 31, 1948, 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________ $

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........

$

222,457.74 527,351.99
None None None 99,333.26 1,568.00 550.00
None None None 851,260.99

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 outstand-
Otihnegr -liabil-it-ies.........-. Capital ....................................................
Surplus -- Undivided profits .................................... Reserves ..................................................

648,104.31 141,626.57
457.76
None None
2,910.17 None
None None 25,000.00 15,000.00 18,162.18 None

Total Liabilities

- $ 851,260,99

STATEMENT

Showing condition at the close of business December 31, 1948, 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-
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

SUhdiVISIODS ------------------------------------
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 -------------------------------------------]nvestments and other assets indi-

rectly representing bank premises

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

Customers' liability to this bank on acceptances outstanding________________

Other assets-------

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

75,322.76 90,000,00
None None None 126,593.35
1.00 1.00
None None None 291,918.11

LIABILITIES Demand deposits ................................. $

Time deposits ______ .

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

Deposit.s of U. S. Government __________

Deposits of States and political

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

cers' checks, etc.)-------------------------Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-

ing------Other liabilities......................................

Capital ...................................................

Surplus .....

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

Undivided profits.. -----

Reserves -------

228,832.35 33,261.19 None
170.45 None
604.92 None
None None 20,000.00 7,000.00 863.43 1,185. 77

Total Liabilities

..... $ 291,918.11

116

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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, including reserve balances, and cash items in process of collection__ ___ $
United States Government obligations, direct and guaranteed __
Obliga~i<:n.s of States and political

SUbdlVlSlOTIS ------------------------------------
Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

Bank premises owned, furniture and

fixtures

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

Real estate owned other than bank

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

Total Assets

25,475.38 78,750.00
None 7,000.00
None 86,843.86
1.00 None
None None None

LIABILITIES

Demand deposits.. ---- $

Time deposits ------

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

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

Deposits of States and political subdivisions -------------------------- _______

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

Other deposits (certified and offi-

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

Acceptances executed by or for ac-

count of this bank and outstand-

ing----------Other liabilities......................................

Capital ------ -------Surplus ..........

Undivided profits

Reserves

142.744.29 23,478.85 Nom
2,268.85 None
None None
Non None 15,000.00 12,000.00 1,198.25 1.380.00

Total Liabilities

...... $ 198,070.24

STATEMENT

Showing condition at the close of business December 31, 1948, 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 overU.rafts) Bank premises owned, furniture and fixtures Reparlemesitsaetse __o__w____n_e..d_____o__t_h___e__r___t__h__a__n_____b__a__n__k_
Investments and other assets indi~ rectly representing bank premises or other real estate........................
Customers' liability to this bank on acceptances ou~standing ..................
Other assets .
Total Assets

202,052,30 15,214A7 18,912._44
None None 262,488,56 20,057.00 None
None None None 518,724.77

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 outstand-

ing-------Other liabilities ....... ..................... .

Capital ----- -- Surplus ----- Undivided profits -Reserves .................................................

294,142.56 90,076.71
None
34,343.31 14,432.85
4,697.78 None
None Non..55,000.00 15,000.00
11.0~1.56
None

Total Liabilities

518,724.7'7

TWENTY-NINTH ANNUAL REiPORT

117

STATEMENT

Showing condition at the close of business December 31, 1948, 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

SUbdlVISlOTIS -------------------------------------
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___________ -----------------------

344,430.63 107,000.00
4,000.00 None None
316,386.84 2,00
None
None None None 771,819.47

LIABILITIES Demand deposits ------------------------- $ Time deposits Deposits of U. S. Government. Deposits of States and political
subdivisions -~---------------------------Deposits of banks ..............____________________
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 ------------------------- -----------------------Surplus -------------------------------------------------Undivided profits_------------------------------Reserves -------------------------------------------------

688,877.43 13,371:27 8,549.17
3,163.40 None
None None 25,000.00 25,000.00 2,716.16 None

Total Liabilities --------------------------- $ 771,819.47

STATEMENT

Showing condition at the close of business December 31, 1948, 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

R. A. PERRY, Cashier.
Began Business: 1903

ASSETS

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

items in process of collection ----- $

United States Government obliga. tions, direct and guaranteed

Obligations of States and political

subdivisions -------------- Other bonds, notes, and debentures Corporate stocks (including stock of
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 representing bank premises

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

acceptances outstanding.................. Other assets.............

228,363.40 871,123.07
None None None 557,914.23 10,875.50 None
None None 116.03

Total Assets _

1,668,392,23

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 outstand-

ing---------------Other liabilities ........... ------------------------

Capital -------------------------------------------------SurpIus --------------------------------------------Undivided profits.------------------------Reserves --------------------- __ _

1,060,865.32 201,984.62 6,229.00
298,703.15 None
3,745.93 None
None 7,383,41 50,000.00 25,000.00 14,480.80
None

Total Liabilities

1,688,392,23

118

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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

$

United States Government obligations, direct and guaranteed
Obliga~i'?n.s of States and political

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

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

Bank premises owned, furniture and fixtures

Real estate owned other than bank

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

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

Customers' liability to this bank on acceptances outstanding..................
Other assets....-...........-....._ ..._.._..-.........

292,541.89 271,500.0,]
None 30,000.00
None 518,08!;.78
3,000.00 None
None None None

Total Assets ...

-------.- $ 1,115,125.67

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 outstand-

ing

---------

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

Capital

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

Surplus

Undivided profits_

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

767,003.82 100,412.94
20,013.58
163,321.81 None
7,417.75 None
None None 25,000.00 12,500.00 16,455:77 3,000.00

Total Liabilities

-- $ 1,115,125.67

STATEMENT Showing condition at the close of business December 31, 1948, 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 this bank on acceptances outstanding..................
Other assets ..................................-.........

318,041.75 478,000.00
19,000.00 Nolle None
359,076.88 1,500.00 None
None None None

Total Assets .

- ....... $ 1,175,618.63

LIABILITIES

DE>mand 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

687,89R.51 346,585.30
None
64,302.09 None
None None
None None 25,000.00 40,000,00 10,000.00 1,832.73

Total Liabilities

...... $ 1,175,618.63

TWENTY-NINTH ANNUAL REPORT

119

STATEMENT Showing condition at the close of business December 31, 1948, 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

Caoh, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection______ $ 305,824,73

United States Government obliga-

tions, direct and guaranteed _______ 266,500.00

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

SUbdiVlBlODS ----
Other bonds, notes, and debentures

None 66,421.45

Corporate stocks (including stock of

Federal Reserve Bank)~~~~~~~~~~~~~~~~~~

None

Loans and discounts (including

overdrafts) ~~~~~~~~~~~~ ~~~~~~~~~~~~~~ ~ ~

57,082.88

Bank premises owned, furniture and

fixtures

____ _

2,500.00

Real estate owned other than bank

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

500.00

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~~---------~~~~--................ $ 698,829.06

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

617,616.52 30,065.02 10,441.26
4,306.15 None
5,955.59 None
None None 15,000.00 9,000.00 6,446.53 None

Total Liabilities ... ~~-~--~-----~~~--------~ $ 698,829,06

STATEMENT

Showing condition at the close of business December 31, 1948, 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 Caoh, balances with other banks, in
eluding reserve balances, and cash items in process of collection _____ $
United States Government obligations, direct and guaranteed -- ___
Obliga~i'?":s of States and palitical
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 .............----~------~..................

656,715,68 1,109,530,00
None None None 1,149,809,70 13,996.72 None
None None 985.77

Total Assets........~............~.......... $ 2,931,037.87

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 out-
standing -----------------------------------------Other liabilities ------~---------~~~Capital ----~-------~....................~.................. Surplus ~~ ~---------~~....................-~---------Undivided profits~-----~~---------~~-----~-~-~---- Reserves . ---------------------------------

2,285,143.96 174,000.27 38,774.08
157,464.50 51,186:48
6,774.60 None
None 18,000.00 50,000.00 60,000.00 69,693,98 30,000.00

Total Liabilities~~-------

-~~------ $ 2,931,037.87

120

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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 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 I u ding

overdrafts) -------------------------------------- _

Bank premises owned, furniture and

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

___

Real estate owned other than bank

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

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on

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

Other assets...

1,803,326._99 928,450.00 None None None
1,217,628,07 21,110,20 None
None None 15,283.76

Total Assets

-- $ 3,985,799.02

LIABILITIES Demand deposits ---------------------------------- $ Time deposits___ --------------- __________ Deposits of U. S. Government _______ _ Deposits of States and political D espuobsdiitvs i s ioofn sb a--n--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_
Other deposits (certified and offiBicllesrs'pacyhaebclke.s_,____e__t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliinabgil-i-t--i-e--s-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_
Capital -------------------------------------------Surplus ------------------------------------------Undivided profits Reserves

3,308,652.00 224,888.10 4,332;09
184,653.38 78,58!:03
14,663.06 None
None None 50,000.00 50,000.00 35,000.00 35,029.36

Total Liabilities

---- --------- $ 3,985,799.02

STATEMENT Showing condition at the close of business December 31, 1948, d
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 _____ $ 864,713.78

United States Government obligations, direct and guaranteed _____ 1,934,416.98

Obligations of States and political subdivisions ______

283,501.03

Other bonds, notes, and debentures

None

Corporate stocks (including stock of Federal Reserve Bank)---------------

None

Loans and discounts (including

overdrafts) _________ --------------------

1,079,659,36

Bank premises owned, furniture and fixtures

7,000.00

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 out11tanding..................

None

- - - - - Other assets_________________ --------------------------

341.77

Total Assets___________________________________ $ 4,169,632.92

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 bank---------------------------- Other deposits (certified and offiBicllesrs'pacyhaebclkes__,___e__c__t_._)__-_--_-_-_-_-_--_-_-_-_-_--_-_-_-_-_--_-_-_-_-_--_-
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 ------------------------------------------------

3,069,449.93 552,587.40 3,610.34
362,090.38 None
10,364.09 None
None None 50,000.00 50,000.00 28,985.01 42,545:77

Total Liabilities _____________ -- ---- $ 4,169,632.92

TWENTY-NINTH ANNUAL REPORT

121

STATEMENT

Showing condition at the close of business December 31, 1948, 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

<::ash, 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

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

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

Loans and discounts (including

overdrafts)

____________ -----------------

Bank premises owned, furniture and

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

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

rectly representing bank premises

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

Total Assets

----~--~-----~------- $

140,626.31 360,000,00
None None None 142,903.13
2.00 None
None None None 643,531.44

LIABILITIES TDiemmeanddedpeopsoitssi_t_s____________-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_$

Deposits of U. S. Government~-------
De:n'bsJ~isi~~s Sttl~s-~-~~----~-o-lit_i"_"l

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 _____

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

538,459.23 45,230:22
None
6,467.95 None
468.70 None
None None 25,000.00 5,000.00
193,,o9o0o5:.o3o4

Total Liabilities~---

--$

STATEMENT

Showing condition at the close of business December 31, 1948, 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 ------- $ 543,365.96

United States Government obliga-

tions, direct and guaranteed _____ _

431,000,00

Obliga~i"!n." of States and political subdtvisJOns ____________ -------------------------

5,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts ( inc I u ding overdrafts) --~-------------- --~----------------

661,499.26

Bank premises owned, furniture and

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

4,501,00

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

------$ 1,645,366.22

LIABILITIES
~'f::::n~ep~~IJ:;:i~_::::::::::::::::::_::::::_:::::::::: $
Deposits of U. S. Government~------- Deposits of States and political
subdivisions ------------------------------------Deposits of banks ~----------~----------------- Other deposits (certified and offi-
cer3' checks, etc.)--------------------------Bills payable~-----------------------------------~-- Acceptances executed by or for
account of this bank and out-
standing ------------------------------------------Other liabilities..--~-----------....--..-------- Capital --------------------------------------------S urpIus -------------------------------------------------Undivided profits -------------------------------Reserves --------------------------- --------------------

1,121,311,65 301,081.39 None
85,142.84 23,930.:81
None None
None None 25,000.00 75,000,00 13,899.53 None

Total Liabilities -------------------- ________ $ 1,645,366.22

122

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, 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

Cub, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection~----- $ 723,663._17

United States Government obligations, direct and guaranteed________ 1,121,000,00

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

subdtvlmons ......................................

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of Federal Reserve Bank) ______________

None

Loans and discounts (including

overdrafts)

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

932,049,33

Bank premises owned, furniture and

fixtures

_____________ ----------------

2,500,00

Real estate owned other than bank

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

12,600.00

Investments and other assets indi-

rectly representing bank premises or other real estate_____________________

None

Customers' liability to thia bank on

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

None

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

None

Total Assets ____________ -------------------$ 2,791,712.50

LIABILITIES Demand deposits.................._____________ $
Time deposits --------------------------------------Deposits of U. S. Government ___________ Deposits of States and political
subdivisions -------------------------------------Deposits of banks------------------Other deposits (certified and offiBicllesrps'aycahbelcek__s__.___e__tc__.)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and out
Otshtaenr dilnigab-i-l-i-t-i-e--s--_-__-_-_-_-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-_-_-_
Capital --------------------------------------Surplus _-------------------------------- Undivided profits.----------------------Reserves ------------------------------------------------

1,920,265.65 437,175.91 No-ne
144,320.25 15,410.29
91,416.90 None
None
21s5.,o0o0o0:.o0o0
140,000.00 None
3,123.50

Total Liabilities...........---------------$ 2,791,712.50

STATEMENT Showing condition at the close of business December 31, 1948, 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

Caah, balances with other banks, in

eluding reserve balances, and cash items in process of collection______ $ 523,055.81

United States Government obligations, direct and guaranteed _______ _

593,855.42

Obliga~i?~s of States and political subdlVlSlODS ----------~------------------------
Other bonds, notes, and debentures

434,623.53 None

Corporate stocks (including stock of Federal Reserve Bank)-----------------
Loans and discounts (including overdrafts) ----------------------------

None 1,104,209.25

Bank premises owned, furniture and

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

-----

8,500.00

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 thia bank on

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

None

Other assets....------------------------- _ _ _ _N_o_n_e

Total Assets -------------

$ 2,664,244.01

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

1,882,046.61 335,363.41 5,205.16
222,811.85 None
5,409.73 None
None None 50,000.00 100,000.00 63,407.25 None

Total Liabilities

----------- $ 2,664,244.01

TWENTY-NINTH ANNUAL RIDPORT

123

STATEMENT

Showing condition at the close of business December 31, 1948, of

FARMERS & MERCHANTS BANK Sylvania, Ga.

As called for by the Superintendent of Banks.

W. G. SHARPE, President.
Date of Charter: 2-18-1946

E. E. TRAPNELL, Cashier.
Began Business: 3-1-1946

ASSETS

Cash, balances with other banks, in-

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

United States Government obliga-

tions, direct and guaranteed Obliga~i~n.s of States and political
subdtvtstons __________

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts (including

overdrafts)

_____ _

Bank premises owned, furniture and

fixtures ------ _ _____

_____ _

Real estate owned other than bank

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

rectly representing bank premises or other real estate__________________________

Customers' liability to this bank on acceptances outstanding..................
Other assets ______ _

Total Assets _________________

--$

359,543.75 201,871.72
None None None 241.202.11 4,500.00 None
None None 2,700.00 809,817.58

LIABILITIES

Demand deposits__

__ $

Time deposits

__________ _

Deposits of U. S. Government __________

Deposits of States and political

Despuobsdiitvsisoifonbsanks-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

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 __

624,418.40 81,459.01 None
16,160.34 None
606.34 None
None None 65,000.00 13,000.00 9,173:49 None

Total Liabilities _

----$ 809,817.58

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF WORTH COUNTY Sylvester, Ga.

As called for by the Superintendent of Banks.

J. M.SUTTON President.
Date of Charter: 4-28-1945

PAULK REEVES, Cashier.
Began Business: 11-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ___ $
United States Government obligations, direct and guaranteed_
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_

219,974.66 429,422.38
None None None 357,998.98 22.000.00 None
None None 2,373.85

Total Assets-.

- ----- $ 1,031,769.87

LIABILITIES

Demand deposits _

------ $

Time deposits

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

Deposits of U. S. Government

Deposits of States and political

subdivisions

Deposits of banks

Other deposits (certified and offi-

cers' checks, etc.) _

Bills payable ___

Acceptances executed by or for

account of this bank and out-

Gtanding

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

OthE>r liabilities

Capital _

_________ ---------------------

Surplus

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

GnJidded. profits_

Rc:>el'ves

720,517.85 184,702.53
4,957,16
40,117.95 5,000.00
2,481.19 None
None 2,840._42 50,000.00 10,000.00 7,000.00 4,152:77

Total Liabilities

- $ 1,031,769.87

124

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks.

J. H. WESTBERRY, SR.,
President. Date of Charter: 7-5-1898

T. M. PURDOM, Cashier.
Began Business: 7-1898

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _____ $
United States Government obligations, direct and guaranteed_ __
Obligations of States and political subdivisions -~-----------------------------------
Other bonds, notes, and debentures dorporate 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---------------------------------------

1,569,170.74 543,000,00
None None None 383,793.66 6,381.00 None
None None None

Total Assets _____________ --------------------- $ 2,502,345.40

LIABILITIES Demand deposits_______________ __ --------------- $ Time deposits_ Deposits of U. S. Government ______
Deposits of States and political subdivisions ------------------------
DepoSits of banks ____ ---------------------Other deposits (certified and offiBicllesrps'ayacbhleec_k__s__,_____e__t__c__._)___-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
standing ------------------------------------------Other liabilities......_.........-................-....
Capital ------------------------------------------------Surplus ______ -------------------------------------------Undivided profits_ Reserves

1,945,079.20 286,055.65 12,512:70
104,607.98 3,650.91
5,882.40 None
Non None 50,000.00 50,000.00 25,000.00 19,556.56

Total Liabilities

-- $ 2,502,345.40

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEOPLES BANK OF TALBOTTON Talbotton, Ga.

As called for by the Superintendent of Banks.

MRS. ELIZABETH P. PERSONS, President.
Date of Charter: 12-9-1890

FANNIE MAHONE,
Cashier. Began Business: 1-13-1891

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection _____ $ 166,487,26

United States Government obliga-

tions, direct and guaranteed _

454,250,00

Obligations of States and political

subdivisions

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

4,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts _----------------------

103,730,50

Bank premises owned, furniture and

fixtures

----------

2,168.00

Real estate owned other than bank

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

1.00

Investments and other assets indi"'

rectly representing bank premises or other real estate_________________________

None

Customers' liability to this bank on

- - - - - acceptances outstanding________________
Other asseta_________________

None None

Total Assets___________ --------------------- $ 730,636.76

LIABILITIES Demand deposits______ ---------------------- ____ $ Time deposits------------------- ____ -----------Deposits of U. S. Government__________
Deposits of States and political D espuobsdiitvsi soifo nbsa n k s__________-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_ _

Other deposits (certified and offiBicllesrsp'aycahbelcek__s_,____e__t_c__._)_________-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_--

Acceptances executed by or for

account of this bank and out-

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

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

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

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

Reserves

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

651,704.85 3,391:26 None
5,077.49 None
10.00 None
None None 25,000.00 25,000,00
20,126ss5:.o1o6

Total Liabilities

---------------------$ 730,636.76

TWENTY-NINTH ANNUAL REIPORT

125

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF TAYLORSVILLE Taylorsville, Ga.

As called for by the Superintendent of Banks.

E. 0. DAVIS, President.
Date of Charter: 6-6-1905

W. M. DORSEY,
Cashier. Began Business: 6-13-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection._______ $
United States Government obligations, direct and guaranteed .
Obliga!i<?n.s of States and political
subd!Vl810DS .....................................
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__

... - $

86,588.10 317,517.54
None None None 208,675.94 1,800.00 None
None None None 614,581.58

LIABILITIES Demand deposit----------~---~------------~-~----- $ Time deposits. --------------------------------------Deposits of U. S. Government____________
Deposi!"..of States and political subdiVISIOllS -------------------------------------
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 -------------------------------------------------

475,810.03 36,632;27 5,812.02
15,215.40 None
25,506.40 None
None None 25,000.00 25,000.00 6,605.46 None

Total Liabilities _____

614,581.58

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF TEMPLE Temple, Ga.

As called for by the Superintendent of Banks.

G. M. BURNS,
President. Date of Charter: 11-25-1946

N. R. HENDERSON, Cashier.
Began Business: 7-1-1947

ASSETS

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

items in process of collection _..,. $

United States Government obligations, direct and guaranteed

Obliga~i~n!' of States and political

SUbdtVlSIODS ---------Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank)

Loans and discounts ( inc Iu ding overdrafts)

Bank premises owned, furniture and

fixtures

Real estate owned other than bank

premises ______

_____________________ _

Investments and other assets indi~

rectly representing bank premises

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

acceptances outstanding__

Other assets ....

Total Assets

129,642.69 121,743.76
None None None 64.78:3.80
1.659-~6
None
None None None 317.829.51

LIABILITIES TDiemmeanddepodespitoss_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

-------------------,.--------~--

275,572.41 None None
10,000.00 None
None None
None 25.40 25,000.00 5,000.00 2,231.70 None

Total Liabilities .

317,829.51

126

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

TENNILLE BANKING CO. Tennille, Ga.

As called for by the Superintendent of Banks.

W. B. SMITH, President.
Date of Charter: 4-4-1900

CHARLES V. SMITH, Cashier.
Began Business: 4-1900

ASSETS Cash, balances with other banks, 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 ___ ------------------------------------

Reparlemesitsaetse o_w____n_ ed___o__t__h__e__r____than bank

Investments and other assets indirectly representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets _____________________ ------------------

432,784.53 82,500.00 16,000.00 Nolte None
1,038,680,75 2.393.71 LOO
None None None

Total Assets

------------------------- $ 1,572,359,99

LIABILITIES

Demand deposits

___ $

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

Deposi!>'. .of States and political DespuobsdiitvsisoiOf nbsan--k--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~_-_-_-_-_-

Other deposits (certified and officers, checks, etc.) ----------------

Bills payable----------------------------------Acceptances executed by or for
account of this bank and out-

standing ----------------------------------------------
Other liabilities--------------------------------Capital -----------------------------------------------------Surplus ---------------------------------------------Undivided profits__ ------------------------Reserves ----------~--------------------------------------

1,254,698,89 116,418.67 2,287.16
958.34 None
650.06 None
None None 30,000.00 150,000.00 17,346.87 None

Total Liabilities___ __------------------ $ 1,572,359.99

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS & SOUTHERN BANK OF THOMASTON Thomaston, Ga.

As called for by the Superintendent of Banks.

JAMES R. ATWATER, President.
Date Qf Charter: 1-18-1926

J. P. CULPEPPER, JR.,
Cashier. Began Business: 2-28-1930

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

United States Government obliga-

tions, direct and guaranteed_

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ________ --- --- _____

Bank premises owned, furniture and fixtures ________

Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding_________________
Other assets______________________________________

984,954.73 3,895,236.59
460,201.63 None None
2,216,023 ..97 14,989.42 None
None None 21,112._61

Total Assets__________________ -------------- $ 7,592,518.95

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-

Otshtearndliinagbi-l-i-t-i-e--s--_-_-_-_-__-_-_-__-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-__-_

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

4,462, 778,33
1 m:m:~~
929,572.34 None
7,688.73 None
None 84,523,07 150,000.00 150,000.00 68,155.57
None

Total Liabilities __________________________ $ 7,592.518.95

TWENTY~NINTH ANNUAL REPORT

127

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF THOMAS COUNTY Thomasville, Ga.

As called for by the Superintendent of Banks.

W. F. SCOTT,
President. Date of Charter, 2-3-1937

JOE J. KEYTON,
Cashier. Began Business: 2-15-1937

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

1,298,310.60 1,490,130.00
110,000.00 None None
1,543,392.70 64,589.39 None
None None 7, 759.35

Total Assets

---- $ 4,51_4,182.04

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 Reseryes . ___ ------------- __________________

2,542,214,76 589,026.17 93,025.25
893,585.73 163,245.69
13,928.55 None
None 10,021.87 100,000.00 100,000.00
8,634:02 500.00

Total Liabilities

$ 4,514,182.04

STATEMENT

Showing condition at the close of business December 31, 1948, of

COMMERCIAL BANK Thomasville, Ga.

As called for by the Superintendent of Banks.

J. TRUMAN HOLLAND, President.
Date of Charter: 7-3-1916

W. B. BULLOCH, Cashier.
Began Business: 7-22-1916

ASSETS

Cash, balances with other banks, 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

_______

---

lnvestnlents and other assets indi-

rectly representing bank premises

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

O tahcecre pat as snectess____o__u__t_s__t_a__n__d__i__n__g______________ _

1,582,856.18 1, 799,438,01
117,231.27 None None
1, 764,938,98 46,800,00 11,490,00
None None 3,352,32

Total Assets _

------ --- $ 5,326,106.76

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-

Otshtearndliianbgili-t-i-e--s--_--_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

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

Surplus Undivided profits

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

Reserves

3,350,619.72 992,185.-00 50,919.-89
468,755.84 134,078.57
57,529.96 None
None None 100,000.00 100,000.00 50.017.78 22,ooo:oo

Total Liabilities

---- $ 5,326,106. 76

128

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF THOMSON Thomson, Ga.

As called for by the Superintendent of Banks.

E. C. HAWES, President.
Date of Charter: 7-30-1891

W. E. HUNT, Cashier.
Began Business: 1891

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

420,845,68 1,123,162.87
24,660.84 712.22
2,485.25 483,580.67
9,800.00 1.00
None None 5,930.98

Total Assets

2,071,179.51

LIABILITIES

Demand deposits Time deposits_____

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

Deposits of U. S. Government-----Deposi~. _of States and political

subdivisiOns ------------------------------------Deposits of banks..................................

Other deposits (certified and offi-

Bicllerps'aycahbelcek..s..,....e__t_c_._)_-_-__-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-__-

Acceptances executed by or for account of t,his bank and out-

Otshtearndliinagbil--i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_

CIL!lital -------------------------------------------Surplus --------------------------------------------------Undivided profits
Reserves

1, 709,022.76 86,701.98 30,110,_93
77,882.71 None
6,405.53 None
None 4,000.00
5~.000.00
50,000.00 32,000.00 25,055.60

Total Liabilities _

$ 2,071,179.51

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

L. E. BOWEN, President.
Date of Charter: 10-10-1891

B. P. FRANKLIN, Cashier.
Began Business: 1896

ASSETS

Cash, balances with other banks, in..

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

United States Government obliga-

tions, direct and guaranteed

Obligations of States and political

subdivisions

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including overdrafts)

Bank premises owned, furniture and

fixtures

____

Real estate owned other than bank

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

rectly representing bank premises or other real estate._______________________

Customers' liability to this bank on

acceptances outstanding--------

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

1,579,959._58 3,639,010.93
78,673.74 None None
1,523,267.69 18,283.35
None
None None None

Total Assets

- ---- -- $ 6,839,195.29

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

3,955,139.04 1,572,157.69
144,962.06
131.259.77 518,207.44
35,333.09 None
None None 100,000.00 200,000.00 167,136.20 15,000.00

Total Liabilities

6,839,195.29

TWENTY-NINTH ANNUAL REPORT

129

STATEMENT

Showing condition at the dose of business December 31, 1948, of

CITIZENS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks

H. D. HAND, President.
Date of Charter: 2-24-1948

H. P. SANDERS, Cashier.
Began Business: 4-15-1948

ASSETS

Cash, balances with other banks, in-

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

United States Government obliga gations, 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_____ ---------------------- _____ $

142,984._72 55,324.47 None None None
139,958,09 4,595.92 None
None None None 342,863.20

LIABILITIES Demand deposits -------------------------------- $ Time deposits -----------------------------------Deposits of U. S. Government--------Deposits of States and political sub-

Dedpiovsisitisonosf banks_-_--_----------_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_--.---

Other deposits (certified and offiBilclesrsp'aycahbeclek_s__,___e__tc__._)_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-__--_-------------

Acceptances executed by or for

account of this bank and out-

standing _______

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

Other liabilities __

Capital

Surplus

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

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

172,906.41) 49,205.-49 None
51,716.67 None
7,468.31 None
None None 50,000.00 10.000.00 813.15 753.-18

Total Liabilities ---------------------------- $ 342,863.20

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE FARMERS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

J. E. NEWTON,
President. Date of Charter: 12-21-198~

JOHN H. DAVIS, Cashier.
Began Business: 2-24-1937

ASSETS

Cash, balances with other banks, lucluding 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 bRnk on acceptances outstanding______________

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

949,998.59 501,745,45
24,546.67 None None
905,522.17 10,864.08 None
None None None

Total Assets ----------------------------------- $ 2,392.676.96

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
accou!l~ of this bank and out-

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

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

Reserves

1,266,161. 76 649,293,79 13,307.60
275,834.55 4,202.17
9.285,74 None
None 6,000.00 50,000.00 50,000.00 42,033.55 26,557.80

Total Liabilities________.._________ -- ____ $ 2,392,676.116

130

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF TIGNALL Tignall, Ga.

As called for by the Superintendent of Banks.

L. L. BLACKMON,
President. Date of Charter: 7-5-1909

L. D. WARE,
Cashier. Began Business: 8-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection __ $
United States Government obligations, direct and guaranteed
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 (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------------------ ________________ $

94,551,95 373,935.25
None None None 21,982.50
.50 None
None None None 490,470.20

LIABILITIES Demand deposits__ ------------------------------ $ Time deposits ----------------------------------------Deposits of U. S. Government Deposits of States and political
subdivisions Deposits of banks _ ------------------- _______ Other deposits (certified and offi-
cers' checks, etc.) ------------------------Bills payable ___ _____ ________ -------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil_itie--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_
Capital ____________ ----------------------
Surplus ------------------ ---------------------Undivided profits _____
Reserves ------------------------------------------

438,596.53 None None
16,073.67 None
None None
None None 25,000.00 5,000.00 5,800.00 None

Total Liabilities __ ----------------------- $ 490,470.20

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF TOCCOA Toccoa, Ga.

As called for by the Superintendent of Banks.

J. S. McEACHERN,
President. Date of Charter: 8-10-1911

H. J. BUSHA, JR.,
Cashier. Began Business: 9-1-1911

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

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

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______

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

805,331,37 10,604.27 None
1,303, 700,00 None
974,409,38 6,272.00 None
None None None

Total Assets________

------------- $ 3,100,317,02

LIABILITIES

Demand deposits __

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

Time deposits ____________________________________ _

Deposits of U. S. Government _________

Deposits of States and political subdivisions ________________________________

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

cers' checks, etc.)---------------------------Bills payable __ . Acceptances executed by or for
account of this bank and out-
standing _-------------------------------Other liabilities Debentures Capital ______

Surplus .

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

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

Reserves

2, 763,821,32 87,497:53 None
37,853.45 None
None None
None 1,767.15 15,000.00 50,000.00 50,000.00 83,127.57 11,250.00

Total Liabilities. ------------------ $ 3,100,317.02

TWENTY-NINTH ANNUAL REPORT

131

STATEMENT

Showing condition at the close of business December 31, 1948, of

WILKINSON COUNTY BANK

Toomsboro, Ga.

As called for by the Superintendent of Banks.

H. E. STEPHENS, President.
Date of Charter: 7-16-1907

H. E. STEPHENS, Cashier.
Began Business: 7-16-1907

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

United States Government obliga-

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

Obligations of States and political

subdivisions

______ _

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

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

Loans and discounts (including

overdrafts)

_____ _

Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding
Other assets __________________________

Total Assets ---- __________________ _ ----- $

247,765,05 327,400.00
2,182.80 None None
138,850.50 2,900,00 800.00
None None None 719,898,35

LIABILITIES Demand deposits _______ -------------------- ___ $ Time deposits ____________________
Deposits of U. S. Government .. Deposits of States and political
subdivisions Deposits of banks ______________________________
Other deposits (certified and offiBilclesrs'pacyhaebclkes__,____e__t_c__._)_____-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s--_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital Surplus Undivided profits __ Reserves

551,228.44 70,358,71 605,04
37,057.12 None
2,882.12 None
None None 25,000.00 10,000.00 22,766.92 None

Total Liabilities _

719,898.35

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF TUCI\:ER Tucker, Ga.

As called for by the Superintendent of Banks.

K. C. COFER, President.
Date of Charter: 10-29-1919

R. H. COFER,
Cashier. Began Business: 12-1919

ASSETS Cash, balances with other 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--

195,372._49 326,000.00
None None None 325,053.02 5,800.00 None
None None 3,710.81 855,936.32

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-

standng ____ -------------- -------------------- _

Other liabilities

_________________ _

Capital Surplus
Undivided profits
Reserves

479,405.78 277,418,02
None
None None
2,229.55 None
None 4,280.13 25,000.00
430,,o0o0o0:.o0o0
24,602.84

Total Liabilities __

855,936.32

132

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

EXCHANGE BANK OF UNADILLA Unadilla, Ga.

As called for by the Superintendent of Banks.

E. H. CONNER, President.
Date of Charte1: 4-19-1935

T. E. WOODRUFF,
Cashier. Began Business: 4-22-1935

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection _____ $ United States Government obligations~ direct and guaranteed________ 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

364,983.86 100,000.00
None None None 366,087.52 2,050,00 None
None None None 833,120.88

LIABILITIES

Demand deposits

_______ $

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

Deposi~s. _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-
O tsht ea rn d ilniga b-i-l--i-t-i--e--s--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_________ _

Capital ---------------------------------------------------Surplus ----------------------------------------------Undivided profits _____ --------------------------
Reserves ---------------------

677,836.78 28,550:79
7,886,50
34,050,70 None
6,144.52 None
None 170.00 25,000.00 25,000.00 25,063.76 3,417.83

Total Liabilities -------------------------- $ 833,120.88

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF UNION POINT Union Point, Ga.

As called for by the Superintendent of Banks.

H. LAMB, President.
Date of Charter: 5-15-1911

W. W. DUNSON,
Cashier. Began Business: 5-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection____ $ 460,370.43

United States Government obliga-

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

24,000.00

Obliga!i'?~s of States and political

subdtVlBlODS ..................................

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ---------------- -------- ... ---------

385,304,77

Bank premises owned, furniture and

fixtures ............ -----------------------------. ---

5,763.14

Real estate owned other than bank premises ____________ ------------------- ____ --------

172.44

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 ___ ------------------------------- $ 875,610.78

LIABILITIES Demand deposits_________________ ________ $

Time deposits__

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

Deposits of U. S. Government ___

Deposits of States and political

D espuobsdiitvs i soifo nbsa n k s _________________-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-

Other deposits (certified and offi-

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

Bills payable_________ ----------------------

Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgil-i-t--i-e--s--__-_-_-_-_-_-_-_-_-_-_-_____-_--_-------------------

Capital

______________________ _

Surplus __ Undivided profits ___
Reserves

604,601.54 153,482.44
548.41
16,050.17 None
928.22 None
None None 50,000,00 50,000.00 None None

Total Liabilities ____________________ $ 875,610.78

TWENTY-NINTH ANNUAL RillPORT

133

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE FARMERS BANK

Union Point, Ga.

As called for by the Superintendent of Banks.

A. J. STEWART, President.
Date of Charter: 9-6-1911

A. J. STEWART,
Cashier. Began Business: 9-6-1911

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

United States Government obligations, direct and guaranteed ____ _
Obliga~i~n.s of States and political

subdiVlSlOOS ------ ----------- -

----------

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

247,130.28 452,968.79
None 5,510.30
None 754,015.29
4,073.11 None
None None None

Total Assets .

--------------------$ 1,463,697.77

LIABILITIES

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

Time deposits------------------------------------------

Deposits of U. S. Government_

Deposits of States and political

subdivisions

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

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

Other deposits (certified and offi-

Bicllesrs'pacyhaebclkes_,___e_t_c__.)_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-

standing _-----------------------------------------

Other liabilities........

. ........

Capital ------------------------------------------------Surplus --------------------------------------------------Undivided profits.......................
Reserves ___ ----------------------------------------------

627,990.96 656,978:62 12,263.85
32,594.50 None
4,399.13 None
None None 25,000.00 50,000.00 15,777,44 38,693.27

Total Liabilities ............................ $ 1,463,697. 77

STATEMENT

Showing condition at the close of business December 31, 1948, of

DARBY BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks.

J. F. DARBY, SR., President.
Date of Charter: 6-22-1934

0. C. EIDSON, Cashier.
Began Business: 7-1-1934

ASSETS Cash, balances with other banks, in-
cluding reserve balances4 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, furniutre 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 ___________________________

537,402.45 512,458.21 12,000.00
None None 443,699.96 7,150.90 None
None None 575.27

Total Assets ...............

.... $ 1,513,286.79

LIABILITIES Demand deposits.................................... $ Time deposits ______________________________________

Deposits of U. S. Government ....... Deposi!>'. .of States and political

DeSpUobsdiitVsISloOfllSban--k---s--.-..-.-.-.-.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_--_---

Other deposits (certified and offi-

Bicllesrs'pacyhaebckles_,___e_t_c_._)_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--

Acceptances executed by or for account of this bank and out-
standing -----------------------------------------Other liabilities....................................

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

Surplus

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

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

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

1,013,629,34 231,064.14 750.36
46,704.09 108,96(74
8,435.77 None
None None 25,000.00 30,000.00 37,876:90 10,861:45

Total Liabilities............................ $ 1,513,286.79

134

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

VIDALIA BANKING COMPANY

Vidalia, Ga.

As called for by the Superintendent of Banks.

W. 0. DAVIS, President.
Date of Charter: 10-22-1938

P. B. COLLINS, JR., Cashier.
Began Business: 10-28-1938

ASSETS

Cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed _________

Obliga~i'!D:s of States and political

SUbdtV1810DS ................................
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

365,234.87 502,200.00
None None None 671,249.18 18,385.28 42,650.00
None None None

Total Assets

..... $ 1,599,719.33

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 out-

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

Capital .....

Surplus ....................... .........................

Undivided profits

Reserves

1,343,794.67 63,246.43 2,87L54
65,701.50 None
7,002.19 None
None 55.34 50,000.00 40,000.00 Non.e 27,047.61

Total Liabilities

.... $ 1,599,719.33

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANK Vienna, Ga.

As called for by the Superintendent of Banks.

J. B. WALTON,
President. Date of Charter: 6-24-1931

W. G. WILLIAMSON,
Cashier. Began Business: 7-1-1931

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash items in process of collection _____ $ 648,377.84

United States Government obliga. tions, direct and guaranteed _____

161,300.00

Obliga~i'?n.s of States and political
subdJVISlODS --------------------- --------
Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

Federal Reserve Bank) ......

None

Loans and discounts (including overdrafts) .. ............. ...... . . .......~...

629,828.36

Bank premises owned, furniture and

fixtures __

_ _________ _

4,418.26

Real estate owned other than bank premises ----------------------------------
Investments and other assets indi-

None

rectly representing bank premises
or other real estate----------Customers' liability to this bank on
acceptances outstanding__________________

None None

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

None

Total Assets................................... $ 1,443,924A6

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

1,103,540.19 68,263.74 13,306,25
98,285.17 3,971,80
4,065.03 None
None None 50,000.00 25.000.00 69,134.28 8,358,00

Total Liabilities............

.. $ 1,443,924.46

TWENTY-NINTH ANNUAL REiPORT

135

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF VILLA RICA Villa Rica, Ga.

As called for by the Superintendent of Banks.

H. G. CLIATT, President.
Date of Charter: 5-4-1899

R. R. RICHARDSON,
Cashier. Began Business: 5-1899

ASSETS Cash, balances with other banks, in
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
SubdiVlSlOllS --------------------------------------
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 _____________ --------------------------...

357,823,96 1,081,800,00
52,425.00 None None
375,348.42 4,001.00 None
None None None

Total Assets _ -- -------------------- --------- $ 1,871,398.38

LIABILITIES

Demand deposits -------------------------------- $ 1,607,230.78

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

63,401.47 5,451:25

Deposi~s. _of States and political

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

43,086.69

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

11,136,14

Other deposits (certified and offi-

Bicllesrs'pacyhaebclkes__,____e__t_c__._)______________-_-_-_-_-_-_-_-_-_-_-_-_--_----

5,247.29 None

Acceptances executed by or for

account of this bank and out-

Otshtearndliianbgil-i-t-i-e--s--_-_-_-__-_-_-_-_-_-_-_-_-_-,--_-_-_-__-.-.-_--_-_-_-_-_--_-,-_-Capital _________.,_________, ____.__________________ Surplus ___________________________..____________,_..__
Undivided profits ________________________

None None
50,000.00 50,000.00 25,844.76

Reserves

10,000.00

Total Liabilities

---$ 1,871,398.38

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF WADLEY Wadley, Ga.

As called for by the Superintendent of Banks.

J. D. PEACOCK, President.
Date of Charter: 1-29-1902

W. C. CLARY, JR., Vice-President and Cashier.
Began Business: 1-1902

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

254,470.88 170,997.17
2,160,51 None None
512,755.37 2,951._13 None
None None None 943,335.06

LIABILITIES Demand deposits___________________________________ $ Time deposits______________________________________
Deposits of U. S. Government _______ Deposi~s. _of States and political DespubodsiiVtaISoIOf nbSank--s--_-_-_-_-_-_-_-_-_-,--_-_-_--_-_-_-_--_-_-_-_-_--_-_-_-_--_-
Other deposits (certified and offiBicllesrs'pacyhaebclkes_,___e__t_c_._)_-__-_-_-_-_-_-__-_-_-.-,-_-_-_-__-_-_-_-_-_-__-_-_-_-_-_-
Acceptances executed by or for account of this bank and out-
Otshtearndliinagbi-l-i-t-i-e--s-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-__--_
SCuarppiltuasl --------------_-__-_-_-_-_-_-__._._-_-_-__-_-_.-,-_-__-_-_-__-_-_-__._.__-_--_ Undivided profits __________, __________________.. Reserves ____________________________________________..

615,924.23 131,068.19
15,877,76
118,820,98 None
1,108.64 None
None 1,545.27 25,000.00 25,000.00 8,989.99
None

Total Liabilities______________ ------- ______ $ 943,335.06

136

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

CITIZENS BANK Warrenton, Ga.

As called for by the Superintendent of Banks.

DENHAM CASON, President.
Date of Charter: 4-14-1902

F. L. SPARKS, Vice-President and Cashier.
Began Business: 4-1902

ASSETS Cash, balances with other banks, in..
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

subdiVISIODS ---- ___ --------------------- ------ _

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts)

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

Bank premises owned, furniture and

fixtures _____

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

Real estate owned other than bank

premises -------------------------------Investments and other assets indi-
rectlY' representing bank premises or other real estate_________________________

Customers' liability to this bank on acceptances outstanding__________________

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

460,855,91 1,488,954.60
60,400.97 13,496.86
None 760,151.53
12,904.18 None
None None None

Total Assets ........................ ........ $ 2,796,764,05

LIABILITIES Demand deposits ................................. $

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

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

Deposi!>'. _of States and political

subdtvtstons ----------------------------------Deposits of banks.............................- ...

Other deposits (certified and offi-

cers' checks, etc.)

_________ __

Bills payable..........................................

Acceptances executed by or for

account of this bank and out-

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

Capital ....................................................

Surplus ..................................................

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

Reserves

2,491, 703.69 None
56,544.07
72,248.09 None
8,403.55 None
None None 50,000.00 50,000.00 58,255.51 9,609.14

Total Liabilities ........................... $ 2,796,764.05

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE WASHINGTON LOAN & BANKING CO. Washington, Ga.

As called for by the Superintendent of Banks.

F. W. THOMAS,
President. Date Qf Charter: 9-7-1891

HAL P. SHANK, Cashier.
Began Business: 5-1-1895

ASSETS

Cash, balances with other banks, in

eluding reserve balances, and cash items in process of collection _______ $ 758,493.99

United States Government obligations, direct and guaranteed_
Obliga~i<;n.s of States and political
SUbdtVlSIOllS ----------------------
Other bonds, notes, and debentures

1,892,842,08
270,078.16 10,231.33

Corporate stocks (including stock of Federal Reserve Bank) ....

None

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

818,807.31

Bank premises owned, furniture and
fixtures ---------------------------------------------Real estate owned other than bank
premises --------------~---------------------------Investments and other assets indi-

1.00 None

rectly representing bank premises

or other real estate-------------------------

None

Customers' liability to this bank on

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

None

Other

assets

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

-

4,589.59
---

Total Assets

....... $ 8,255,043.46

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

2,117,501.03 443,180:74 46,228;02
314,429.92 60,115:50
3,641.88 None
None 116.00 100,000.00 50,000.00 100,000.00 19,830:37

Total Liabilities ............................ $ 3,255,043.46

TWENTY-NINTH ANNUAL REiPORT

137

STATEMENT

Showing condition at the close of business December 31, 1948, of

COMMERCIAL BANK Waycross, Ga.

As called for by the Superintendent of Banks.

L. B. HARRELL,
President. Date of Charter: 10-15-1918

J. M. NORMAN, Cashier.
Began Business: 10-30-1918

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ------ $
United States Government obligations. direct and guaranteed ..
Obligati~n.s of States and political

SUbdlVISlOllS ------------------ --------------------

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

1,526,943,46 3,341,200,00
43,181.08 None None
586,654,52 28,000.00
None
None None None

Total Assets __________ ------ ______________ $ 5,525,979.06

LIABILITIES TDiemmeanddepdoespitossi__t_s_________ ----_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_---- _ $
Deposits of U. S. Government _____ _
Obligations 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 _

3,644,362.36 946,647.04 18,823;90
557o6.,o1o8o0:.o6o1
48,354.32 None
None None 50,000.00 100,000.0() 20,000.00 71,610.83

Total Liabilities

---------- $ 5,525,979.06

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF WAYNESBORO Waynesboro, Ga.

As called for by the Superintendent of Banks.

M. K. TUCKER, President.
Date of Charter: 12-16-1890

E. E. STEPHENS, Cashier.
Began Business: 1891

ASSETS Cash, balances with other banks, 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
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 indirectly representing bank premises
or other real estate--------------------------Customers' liability to this bank on
acceptances outstanding_________________

Other assets -------------------------~---------

1,218,216,93 474,697.20 25,000.00 None 1,000.00
1,414,791.04 9,440,97 1.00
11,075.00 None None

Total Assets _

- --- $ 3,154,222.14

LIABILITIES Demand deposits _____________~--------------------- $

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

Deposits of States and political subdivisions ----------------------------------------
Deposits of banks __ Other deposits (certified and offiBicllesrs'pacyhaebclkes_,___e__t_c_._)_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-

Acceptances executed by or for account of this bank and out-

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

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

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

Surplus

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

Undivided profits ______

Reserves ____ _

1,295,024.93 979,165.79 299,028.16
285,005.33 90,115;82
8,301. 78 None
None None 75,000.00 80,000.00 36,580.33 6,000.00

Total Liabilities _____ -----------------------$ 3,154,222.14

138

DE!PARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE PEOPLES BANK

Winder, Ga.

As called for by the Superintendent of Banks.

C. 0. MADDOX, President.
Date of Charter: 10-29-1926

J. BLANFORD,
Cashier. Began Business: 10-30-1926

ASSETS

Cash, balances with other banks, in..

eluding reserve balances, and cash items in process of collection --- $

United States Government obligations, direct and guaranteed_

Obligations of States and political

subdivisions

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

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) __

Loans and discounts (including overdrafts)

Bank premises owned, furniture and

fixtures

__________________ _

Real estate owned other than bank

premises

-----

Investments and other assets indi-

rectly representing bank premises

or other real estate______________

Customers' liability to this bank on

acceptances outstanding----------------Other assets~~-~---- ------------------------------

612.913.53 1, 770,000.00
None 850.00 None 726,499.74 16,000.00 10,000.00
None None None

Total Assets ~

--- ~-~-~~--------- $ 3,136,263.27

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 or for

account of this bank and out-

standing _____ -------------------------------Other liabi!ities~------~-----------

Capital

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

Surplus -------~----~---------~--------------------------

Undivided profits-~~~~-~--------------------------

Reserves

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

2,622,607.96 260,035.90 27,447.34
70,384.12 None
12,131.08 None
None None 50,000.00 50,000.00 25,000.00 18,656,87

Total Liabilities ___ ~~ ---~~-----~---- $ 3,136,263.27

STATEMENT Showing condition at the clos~ of business December 31, 1948, of

CAMDEN COUNTY STATE BANK Woodbine, Ga.

As called for by the Superintendent of Banks

J. C. NEWTON, President.
Date of Charter: 6-24-1947

F. T. TILLER, Cashier.
Began Business: 1-2-1948

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 ind-i-

rectly representing bank premises
Cu~~~~~~ ]f:~ni~;at~ this -b~-;;k--~;

acceptances outstanding Other assets ________________

Total Assets~------

--------$

143,367,63 10,000.00 None None None 146,753.72 12,650.00 None
None None None 312,771.35

LIABILITIES

Demand deposits _

_$

Time deposits____ _--------.------------------Deposits of U. S. Government_

Deposits of States and political

subdivisions Deposits of banks___ ___ -~ _

Other deposits (certified and offi-

cers' checks, etc.)

Bills payable ~~-~-

Acceptances executed by or for

account of this bank and out-

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

Other liabilities -~-~-~~~- ~-~---~~~--~~--~ --~~~--

Capital

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

Surplus

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

Undivided profits

Reserves ----------------- __ ----------------------

175,096.02 54,516:60 None
17,469.01 No-ne
6Q2.51 None
None None 50,000.00 13,000.00 None 2,087,21

Total Liabilities ~~~----~-------------- ____ $ 312,771.35

TWENTY-NINTH ANNUAL REJ>ORT

139

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE WOODBURY BANKING COMPANY Woodbury, Ga.

As called for by the Superintendent of Banks.

T. H. CARROLL, President.
Date of Charter: 10-20-1891

l\1. 0. CAMPBELL, Cashier.
Began Business: 9-29-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection ____ $
United States Government obligations, direct and guaranteed _
Obliga~i~n.s of States and political

subdiVlSlOllS ----------------

---------

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 __________

--------- $

303,491,31 540,200.00
None None None 209,556,17 1,600.00 None
None None
2.00 1,054,849.48

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 Cap ita! _____

Surplus __ _

Undivided profits_

"---------------------

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

729,152.28 166,439.00
8,039.18
48,045.86 5,000,00
3,492,31 None
None 2,000.00 25,000.00 50,000,00 12,680.85 5,000.00

Total Liabilities """

-------- $ 1,054,849.48

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE WOODLAND BANK Woodland, Ga.

As called for by the Superintendent of Banks.

J. H. WOODALL, President.
Date of Charter: 11-18-1907

W. C. WOODALL, Acting Cashier. Began Business: 11-25-1907

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection____ $
United States Government obligations, direct and guaranteed _____
Obliga~i'!n.s of States and political

SubdiVISIOllS

_____ ,_ --- ---- -----

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ____

Loans and discounts (including

overdrafts) --"--"-

"""

Bank premises owned, furniture and

fixtures

--------

Real estate owned other than bank

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

Investments and other assets indi-

rectly representing bank premises or other real estate________________________

Customers' liability to this bank on acceptances outstanding__________________

Other assets ------------------- ----------------"-----

Total Assets_______"______ --"--""""""""" ______ $

160,922,79 125,000.00
2,500.00 None None
42,840.88 485.00 None
None None 3,050,00 334,798.67

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

255,508.46 9, 774.45 5,282.34
23,748.27 None
679.71 None
None 3,050.00 15,000.00 15,000.00 6,755.44
None

Total Liabilities

- $ 334,798.67

140

DEPARTMENT OF BANKING

ST ATEl\IENT

Showing condition at the close of business December 31, 1948, of

BANK OF WOODSTOCK Woodstock, Ga.

As called for by the Superintendent of Banks.

S. L. JOHNSTON, President.
Date of Charter: 11-13-1905

S. L. JOHNSTON, JR., Cashier.
Began Business: 11-13-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection . _$
United States Government obliga-
tions, direct and guaranteed------Obliga~i"!n;' 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 _

--------- $

124,000.61 333,900.00
16,000.00 None None
205,36:l.36 2.00 1.00
None None 15,000.00 694,266.97

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

Surplu:i

Undivided profits.._

Reserves

485,843.64 48,788.94 411,08
87,974,67 25,000,00
9.50 None
None 3,300.00
2s.ooo:oo
15,000.00 2,939.14 None

Total Liabilities

----$ 694,266.97

STATEMENT

Showing condition at the close of business December 31, 1948, of

BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

W. H. LOVETT, President.
Date of Charter: 2-16-1897

J. B. FULGHUM:, Cashier.
Began Business: 2-16-1897

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

United States Government 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.-------------------------------------

582,204.96 633,000.00
None None None 607,559,66
1.00 None
None None None

Total Assets --------------------------------- $ 1,822,765.62

LIABILITIES Demand deposits_ ------------------------ .....$
Time deposits------------------------Deposits of U. S. Government
Deposits of States and political subdivisions ______ ------------------------
Deposits of banks ______________________ .

Other deposits (certified and offiBicllesrs'pacyhaebclkes__,____e__t__c__._)___________-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-

Acceptances executed by or for

account of this bank and out-

standing ________

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

Other liabilities........____ ------------------

Capital ------------------------ ------------------------ Surplus

Undivided profits

Reserves

1,333,628.3:3 43,693.84 563,25
119,096.11 230,808:85
1,856.84 None
None None 25,000.00 25,000.00 28,118,40 15,000.00

Total Liabilities ____ ------------------- __ $ 1,822,765,62

TWENTY-NINTH ANNUAL REPORT

141

STATEMENT

Showing condition at the close of business December 31, 1948, of

EXCHANGE BANK OF WRIGHTSVILLE Wrightsville, Ga.

As called for by the Superintendent of Banks.

W. R. JACKSON, President.
Date of Charter: 12-20-1909

R. E. FULFORD, Cashier.
Began Business: 12-20-1909

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection"--- $

United States Government obliga.

tions, direct and guaranteed

Obligations of States and political

subdivisions

-------------- ____ .

Other bonds, notes, and debentures

Corporate stocks (including stock of

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

Loans and discounts (including

overdrafts) ________

_______

___ _

Bank premises owned, furniture and

fixtures

______ _

Real estate owned other than bank

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

Total Assets

-- $

139,711.27 40,000.00 None None None
762,699.68 1,100.00 None
None None None 943,510.95

LIABILITIES

Demand deposits

-- $

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

Deposi!"'. _of States and political

SUbdiVlSIODS ----------------------

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

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

Acceptances executed by or for

account of this bank and out-
standing ________ ----------------------------Other liabilities

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

Surplus _____ ....... -- ------

Undivided profits --------

Reserves _____

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

799,997.20 3,595.50 None
47,406.51 None
1,925.09 None
None 953.28 35,000.00 15,000.00 39,633.37 None

Total Liabilities - -------- .___ $ 943,510.95

STATEMENT

Showing condition at the close of business December 31, 1948, of

THE BANK OF ZEBULON Zebulon, Ga.

As called for by the Superintendent of Banks.

C. R. GWYN, President.
Date of Charter: 3-18-1905

G. M. LIFSEY, Cashier.
Began Business: 1-31-1905

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection ______ $

United States Government obliga-

tions, direct and guaranteed

Obliga!i"!n!' of States and political

subdlVISIODS ---------

----- .. -

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Banks)

Loans and discounts (including

overdrafts) _______ ______ ------

Bafnixktuprreesmi__s__e__s___o__w___n__e__d, _f_u___r_n__i_t__u__r_e____a__n__d_

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_

..... $

305,995,90 451,228.87
29,231.45 None None
181,868.75 3,900.00 None
None None 3,720.44 975,945.41

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 ______________

548,062.77 229,088.96
7,423.93
107,700.00 None
1,198.95 None
None 2,500.00 25,000.00 25,000.00 29,970,80
None

Total Liabilities

$ 975,945.41