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'. .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~ine 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!iserves ____ -------------------------------- 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 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 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!imand 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'. .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