Thirty-fourth annual report [1953]

of the
SUPERii'l.fEi'IDEi'lr
Of BJ.\1'1-<S
~~ ~~~,.,ilL
1953
A.P.PERSONS Superintendent of Banks

STATE OF GEORGIA
CREATED BY ACT APPROVED AUGUST 16, 1919
YEAR ENDING DECEMBER 31, 1953
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
lOWEN PRESS, INC., DECATUR, GA.

THIRTY-FOURTH ANNUAL REPORT

III

DEPARTMENT OF BANKING STA.TE OF GEORGIA.
ATLANTA

To His Excellency, Honorable Herman E. Talmadge Governor of Georgia, Atlanta, Georgia.

December 31, 1953

As required in Sections 15 and 16 of Article 2 of the Banking Law, I have the honor to submit herewith, this, the 34th Annual Report of the Department of Banking for the year ending December 31, 1953.

This report consists of the following exhibits:

l. Exhibit "A", Official Roster of the Department of Banking.
2. Exhibit "B", a statement of the receipts and disbursements of the Department for the year 1953.

3. Exhibit "C" through "M", covering applications relative to charter amendments, charter renewals, etc.

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

5. Exhibit "0", a condensed statement showing the disposition of banks during the year 1953.
6. Exhibit "P", a list of banks that are members of the Federal Reserve System.

7. Exhibit "Q", a list of Small Loan Companies under the supervision of the Superintendent of Banks during the year 1953, and Exhibit "R", a list of Credit Unions as of December 31, 1953.

IV

DEPARTMENT OF BANKING

8. Exhibit "S", abstract of reports showing condition of 299 banks and 16 branches as of December 31, 1953, with a comparative statement of 297 banks and 15 branches as of December 31, 1952.

9. Exhibit "T", Classification of Banks by Capitalization as of December 31, 1953.

10. Exhibit "U", Banks in Voluntary Liquidation.

11. Exhibit "V", Legal Holidays.

12. Exhibit "W", 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, 1953. 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

THIRTY-FOURTH ANNUAL REPORT

v
Exhibit "A"

DECEMBER 31, 1953

A. P. PERSONS, Superintendent of Banks W. M. JACKSON, Assistant Superintendent of Banks

EXAMINERS

Name and Address

Salary

Adams, John L., Atlanta, Ga-------------------------------------------------------------------$340.00 Arnold, Frank M., Washington, Ga------------------------------------------------------340.00 Brady, R. B., Columbus, Ga------------------------------------------------------------------------340.00 Brooks, B. T ., Decatur, Ga---------------------------------------------------------------------.420.00 Brown, J. B., Vidalia, Ga---------------------------------------------------------------.420.00 Brown, James H., Buchanan, Ga-----------------------------------------------------------340.00 Hall, T. 0. Jr., Atlanta, Ga.________________________________________________________________AOO.OO
Herndon, B. F., Dublin, Ga.____________________________________________________________________.420.00

Kirk, James F. Sr., Roswell1 Ga----------------------------------------------------------------340.00 Loder, Charles T ., Stockbridge, Ga.________________________________________________________.420.00

Willis, Wm. L., Dublin, Ga---------------------------------------------------------------------340.00

CREDIT UNIONS Thompson, W. C., Decatur, Ga------------------------------------------------------------$400.00

OFFICE ASSISTANTS
Blanton, Mrs. D. L., Principal Stenographer--------------------------------------$290.00 Ethridge, Jean, Intermediate TypisL------------------------------------------------215.00 Hughes, Mattie, Intermediate Typist____________________________________________________________215.00 Jones, Mrs. Evelyn, Principal Accounting Clerk______________________________290.00

Arnold, Looney, Porter---------------------------------------------- ------------------------------$133.00

VI

DEPARTMENT OF BANKING

Exhibit "B"

Department of Banking, State of Georgia

RECEIPTS AND DISBURSEMENTS 1953

RECEIPTS Balance January 1, 1953_______________________________$ 776.18

Received from Appropriation________________________ 123,088.35

Miscellaneous Income________________________________________

3 9.35

$123,903.88

DISBURSEMENTS Superintendent's Salary------------------------------------$ 7,500.00 Assistant Superintendent's Salary________________ 6,402.24 Examiner's Salaries___________________________________________ 53,633.13 Office Assistants' Salaries________________________________ 13,930.62 Traveling Expenses____________________________________________ 28,299.36 Supplies and MateriaL_____________________________________ 340.16 Communication____________________________________________________ 2,078.21 Printing and Publicity______________________________________ 2,971.65 Repairs and Alterations____________________________________ 108.73 Insurance and Bonding_____________________________________ 402.40 Equipment____________________________________________________________ 974.63 Pensions________________________________________________________________ 4,695.64
Miscellaneous------------------------------------------------------ 152.70
$121,489.47
Balance December 31, 1953------------------------------------------------$ 2,414.41

THIRTY-FOURTH ANNUAL REPORT

VII

APPLICATIONS FOR CHARTER APPROVED

Exhibit "C"

NAME OF BANK
Dawson County Bank~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-~~~ Wayne State Bank~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

LoCATION
Dawsonville~~~~~~~~-~~~~~~~~~ Jesup~~~~~~~~-~~~~~~~~~~~~~~~~~~~

APPROVED
7-1-19 53 8-5-19 53

Exhibit "D"

PERMITS TO BEGIN BUSINESS

NAME OF BANK
Nicholls State Bank~~~~~~~~~~~~~~~~~~~~-~~~~~~~~~~~~~~ Dawson County Bank~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Nicho~::~~~~~::~~~~~~~~=~

BEGAN BUSINESS
1-2-1953

Dawsonville~~~~~~~~~~~~~~~~~- --1

11-2-1953

APPROVAL OF MERGER

Exhibit "E"

NAME OF BANK

LOCATION

Merchants & Mechanics Columbus Ba nk ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-

WITH WHOM MERGED LOCATION
First National Bank Columbus of Columbus~~~~~~~~~~~~~~

DATE
12-14-1953

Exhibit "F" APPROVAL OF CONVERSION INTO A STATE BANKING INSTITUTION

NAME OF BANK

1--L_o_cA_T_I_O_N_ _D_A_TE_O_F_C_o_N_V_E_R_S_lO__N _

Chatham Savings & Loan CompanY~~~~~~~~~~~~~~~~~~~ Savannah

8-10-1953

Exhibit "G" APPROVAL OF APPLICATION TO CHANGE NAME

NAME OF BANK

LOCATION

To Be Known As LOCATION

APPROVED

The Bank of McRae_ McRae~~~~~~-~~~~~~~ The Security Bank ___ McRae~~~~~~~~~~~

Merchants & Farm-

Rowe Banking Co--~- Comer~~~~~~-~~~~~~

ers Bank~~~~~~~~~~~~~~~-~ Comer. ~~-~~~~~~

Chatham Savings

Chatham Savings

& Loan Co.~~~~~~~~~~ Savannah~~~~~~~- Bank~~~~-~~~~~~~~~~~~~~~~~~~-~~~~~ Savannah~~~~~

2-16-1953 11-10-1953 12- 2-1953

Exhibit "H" DISAPPROVAL OF CHARTER
Sawnee Bank~:~=:~~::~~~~~:~:~~~~~~~~~~~~~~~~~~~~~~~~-~ Cummi~:~~~~~::~~~~~~~~~~~~~ 1--D_rs_1~-~-;4-~-:VE-95-:-

APPROVAL OF RENEWAL OF' CHARTER

NAME OF BANK

LOCATION

Bank of Millen~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-~ Millen~~~~~~~~~~~~~~~ Social Circle Bank~~~~~~~~~~ -~ ~~~~~~~~~~~~ Social Circle~~

DATE OF CHARTER
1- 4-1893 12-31-1923

Exhibit "I"
APPROVED
3- 9-1953 6-24-1953

VIII

DEPARTMENT OF BANKING

E%hibit "]" APPROVAL OF APPLICATION FOR TRUST POWERS

-B-a-n-k-o-f--T-h-o-Nm-Aa-Ms-E-C-ouO-ntFy-__-B_-_A_-__N-__K-__-__-__-__-__-_-__-__-__-__l_------Th-o-LmO-as-CvA-ill-eT_I-_O_-N_-__-_-__-_-__-_1_

DATE
3-

OF APPROVAL
3-1953

Industrial Savings & Loan Company_____

Savannah__________________ 8-28-1953

E%hibit "K"

APPROVAL OF APPLICATION TO REDUCE CAPITAL

NAME OF BANK

I

LOCATION

I I APPROVAL AMOUNT OF DECREASE

Bank of McRae ______________________ McRae___________________ 2-16-1953 $50,000.00 to $25,000.00

PERMIT TO ESTABLISH BRANCH BANKS

E%hibit "L"

NAME OF BRANCH

LOCATION

BEGAN BUSINESS

Columbus Bank & Trust Co.__________ 13th Avenue and Warren

Williams Road Columbus, Georgia __________________

Savannah Bank & Trust Co.

Skidway Road and Victory

of Savannah__________________________________ Dr., Savannah, Georgia__________

Georgia Railroad Bank & Trust Company_____________ ------- Gwinnett and Eleventh Sts.,
Gwinnett Street Branch -------------- Augusta, Georgia ____________________

6-16-1953 11- 9-1953
12-15-1953

E%hibit "M" APPLICATION ,TO INCREASE CAPITAL STOCK APPROVED

NAME OF BANK

LOCATION

The Citizens Bank of Tifton_____ Tifton__________ State Bank of Cochran_____________ Cochran_______ Bank of Camilla_________________________ Camilla________
Trust Company of Georgia____ Atlanta._______ The Farmers Bank of Tifton. Tifton__________
Bank of TerrelL---------------------- Dawson_______ Bank of Acworth______________ ___ ____ Acworth______ Commercial Bank.______________________ Thomasville Tri-County Bank._______________________ Royston.______ Farmers State Bank_________________ Lincolnton___ Central Bank_______________________________ Swainsboro. Citizens Bank_____________________________ Glennville____ Bank of Tifton___________________________ Tifton__________ The Bank of Albany_________________ Albany________ Bank of Milan___________________________ Milan___________
Cook Banking Company___________ Cochran______ Cobb Exchange Bank_______________ Marietta_____ Cornelia Bank_____________________________ Cornelia______
Citizens & Southern Bank of East Point_______________________________ East Point_
Citizens Bank_____________________________ Colquitt.. ____ Hinesville Bank.________________________ Hinesville ____ Bank of Cumming_____________________ Cumming ___ Bank of Oglethorpe___________________ Oglethorpe.. Bank of Wrightsville_________________ Wrightsville Sea Island Bank_________________________ Statesboro..

APPROVAL
1-17-1953 1- 5-1953 1-13-1953 1-14-1953 1-15-1953 1-19-1953 1-29-1953 2- 3-1953 2- 3-1953 2- 3-1953 2- 5-1953 2-16-1953 2-16-19"53 3-17-1953 3-25-1953 4- 3-1953 5- 4-1953 7-14-1953
7-23-1953 7-27-1953 9- 2-1953 9- 3-1953 10- 9-1953 10-27-1953 12-30-1953

AMOUNT OF INCREASE
$ 50,000 to $ 100,000 25,000 to 50,000 25,000 to 50,000
2,000,000 to 4,000,000 50,000 to 100,000 25,000 to 50,000 25,000 to 50,000
100,000 to 200,000 25,000 to 50,000 25,000 to 50,000 25,000 to 50,000 30,000 to 60,000
100,000 to 200,000 100,000 to 150,000
20,000 to 25,000 25,000 to 60,000 100,000 to 150,000 50,000 to 75,000

100,000 to 40,000 to 25,000 to
25,000 to 15,000 to 25,000 to 50,000 to

150,000 60,000 30,000 50,000 30,000 50,000 125,000

THIRTY-FOURTH ANNUAL REPORT

IX

BRANCH BANKS AS OF DECEMBER 31, 1953

Exhibit "N"

NAME OF BRANCH

LocATION

NAME OF PARENT

LOCATION

The .Bank of Georgia 494 Ponce de Leon Ave., N.E. __ Atlanta _____ The Bank of Georgia____________ Atlanta_____

The Bank of Georgia West End 936 Gordon Street, S.W.____________ Atlanta ____ The Bank of Georgia___________________ Atlanta_____

The Citizens & Southern Bank

of Atlanta, 790 Marietta

St.,

N.w.____________ Atlanta ____

The Citizens & Southern Bank of Atlanta _________________________

Atlanta _____

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

140 Peachtree St., N.W.__________ Atlanta_____ Bank of Atlanta ____________________ Atlanta_____

Trust Company of Georgia West Peachtree & Third St.____ Atlanta_____ Trust Company of Georgia_______ Atlanta _____

Georgia Railroad Bank &

Trust Co.,

Georgia Railroad Bank &

1111 Broad Street____________________ Augusta____ Trust Co._________________________________ Augusta____

Georgia Railroad Bank &

Trust Co., Gwinnett St. Branch

Georgia Railroad Bank &

Gwinnett & Eleventh Street____ Augusta____ Trust Co.___________________________________ Augusta___ _

Columbus Bank & Trust Co. 14th Street___________________________________ Columbus__ Columbus Bank & Trust Co._______ Columbus__

Columbus Bank & Trust Co. North Highland ________________________ Columbus__ Columbus Bank & Trust Co._______ Columbus_

Columbus Bank & Trust Co. lOth Street____________________________________ Columbus__ Columbus Bank & Trust Co._______ Columbus_

Columbus Bank & Trust Co. 13th Avenue & Warren Williams Road____________________________ Columbus__ Columbus Bank & Trust Co._______ Columbus_ Cornelia Bank________________________________ Demorest_ Cornelia Bank________________________________ Cornelia____

Citizens Bank________________________________ Nahunta ___ Citizens Bank_______ --------------------- Folkston___

Savannah Bank & Trust Co. Midtown Branch, 1120 Bull St. Savannah Savannah Bank & Trust Co.____ Savannah.

Savannah Bank & Trust Co.

West Broad Street Branch 320 West Broad Street ___________ Savannah Savannah Bank & Trust Co. ____ Savannah_

Savannah Bank & Trust Co. Skidway Road and Victory Drive____________________________ Savannah. Savannah Bank & Trust Co. _____ Savannah_

X

DEPARTMENT OF BANKING

Exhibit "0"

DISPOSITION OF BANKS IN GEORGIA DURING 1953

Banks in Operation January 1, 1953______________________________________ Banks in Operation December 31, 1953________________________________
Increase during Year----------------------------------------------------------3 Decrease during Year________________________________________________________!

Banks 297 299

Branches 15 16

Net Increase_________________________________________________________________2
New Banks____________________________________________________________________________3
Dawson County Bank, Dawsonville________________________ Wayne State Bank, Jesup________________________________________ Chatham Savings Bank, Savannah__________________________ M e r g e r ____________________________________________________________________________________ !
Merchants & Mechanics Bank _________________________________ Columbus, Georgia

Exhibit "P"
STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM
Bank of Adairsville ________________________________________________Adairsville
TCrituizset nCs oTmrpuasnty CofomGepoarngiYa _-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_AAttllaannttaa Georgia Railroad Bank & Trust CompanY----------------------------Augusta Citizens Bank & Trust Company_____________________________________Bainbridge Blackshear Bank___________________________________________________Blackshear Columbus Bank & Trust Company___________________________________Columbus CNiotirztehnesasBtearnnkB--a-n-k-i-n-g--C--o-m--p-a-n-y--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_C_oCloqmumiettrce Brand Banking Company___________________________________________Lawrenceville Farmers Bank_____________________________________________________Monroe
Savannah Bank & Trust Company__________________________________Savannah
Washington Loan & Banking Company______________________________ Washington

SMALL LOAN COMPANIES

Exhibit "Q"

NAME OF COMPANY

LOCATION

LICENSE ISSUED

Master Loan Service Inc,____________________________________________ Atlanta___________________ Jan. 1, 1953 Thrift Loan Company________________________________________________ Dalton_____________________ Jan. 1, 1953 Marietta Insurance & Loan Company____________________ Marietta Ga.__________ Oct. 26, 1953 Marietta Insurance & Loan Company____________________ Smyrna, Ga.__________ Oct. 26, 1953

THIRTY-FOURTH ANNUAL REPORT

XI

Exhibit "R"
CREDIT UNIONS & LOCATIONS
UNDER SUPERVISION OF STATE BANKING DEPARTMENT
ALBANY Albany Federal Employee's Credit Union, Post Office Bldg. Albany Depot of Supplies Credit Union, 408 Edgewood Lane Carlton Credit Union Colonial Dairies Credit Union, P. 0. Box 1350 Ga. Electric Credit Union, 927 Roosevelt Ave. Herald Employee's Credit Union, Albany Herald Keenan Employee's Credit Union, 112 Front St. Modern Coach Employee's Credit Union, 208 South Jackson St.
ATHENS Athens Division Credit Union, % Ga. Power Co.
ATLANTA American Art Metals Credit Union, 433 Bishop St. A. D. Co. Employee's Credit Union, 777 Memorial Dr., S.E. A. M. A. Credit Union, 770 Spring St., N.W. Apaco Credit Union, 950 W. Marietta St. Associated Grocers Credit Union, 638 Lee St., S.W. Armour Atlanta Credit Union, 14 Brady Ave., N.W. Atlanta Armour Fertilizer Wks. Credit Union, 350 Hurt Bldg. Arrow Credit Union, 2202 Murphy Ave., S.W. Atlanta City Employee's, City Hall Atlanta Cooperative Credit Union, 529 Peachtree St. Atlanta Greyhound Terminal Emp. Credit Union, 81 Cain St., N.W. Atlanta Joint Terminals Credit Union, 106 Carroll St. Atlanta Postal Credit Union, 101-M Federal Annex Atlanta Railway Postal Clerks Credit Union, 420 Federal Annex Atlanta Teachers Ass'n Credit Union, 498 8th St., N.E. Atlantic Steel Credit Union, P. 0. Box 1714 Ben Franklin Credit Union, 1600 Healey Bldg. Calvert Iron Works Credit Union, 1195 Victory Drive, S.W. Circle "W" Credit Union, 1299 Northside Dr. D. P. S. Employee's Credit Union, 959 Confederate Ave. Delta Employee's Credit Union, Municipal Airport DuPont Atlanta Employee's Credit Union, 619 Peachtree St., N.E. Employment Service Credit Union, 79 Marietta St. Essell Credit Union, 1197 Peachtree St. F. D. & L. Employee's Credit Union, 1090 Capitol Ave., S.E. Federal Employee's Credit Union, 6th Fl. Old Post Office Fulton County Employee's Credit Union, Court House Fulton Teachers Credit Union, 500 County Adm. Bldg. General Shoe Credit Union, 1251 Caroline St. Genuine Parts Credit Union, 475 W. Peachtree St. Georgia E.S.A. Credit Union, 6th Fl., State Office Bldg. Georgia Health Dept. Credit Union, 319 State Office Bldg. Georgia League Credit Union, 83 Cain St., N.E. Georgia Standard Oil Emp. Credit Union, 50 Whitehall St. Georgia State Highway Dep't Employee's, 2 Capitol Square Georgia Telco Credit Union, 452 Hurt Bldg. Georgia W. P. Gen. Office Credit Union, 4 Hunter St., S.E. Gesco Credit Union, 172 Haynes St., S.W. Hospital Authority Employee's Credit Union, 38 Butler St., S.E. Int. Brotherhood of Elect. Workers Local #613, 345 Washington St., S.W. J. M. High Employee's Credit Union, 96 Whitehall St., S.W. Journal-Constitution Employee's Credit Union, 10 Forsyth St., N.W. Lay Employee's Sav. & Loan Credit Union, 173 Boulevard N.E. Merchants Mutual Credit Corp., 9th Fl. First Nat'! Bk. Bldg. Metro Credit Union, 198 Luckie St. Mutual Savings Credit Union, 243 Peachtree St.

XII

D'EPARTMENT OF BANKING

Orange Disc Credit Union, 131 Ponce de Leon Ave., N.E. Pullman Credit Union, 225 Rogers St., N.E. R. E. A. Employee's Credit Union, 325 Mitchell St., S.W. Regensteins Employee's Credit Union, 80 Whitehall & 209 P'tree St. Rich's Employee's Credit Union, % Rich's Inc. Ruralist Press Credit Union, 713 Glenn St., S.W. Russell Company Employee's Credit Union, 117 Central Ave., S.W. Seaboard Employee's Credit Union, 990 Chattahoochee Ave. Sexton Atlanta Employee's Credit Union, 715 W. Whitehall St., S.W. S.M. C. R. C. Credit Union, 873 Spring St., N.W. Southern Dairies Zone 12 Employee's, 593 Glen Iris Drive, N.E. Southern Freight Traffic Bureau Employee's, 101 Marietta Bldg, 11th Fl. State Revenue Department Credit Union, State Office Bldg. Stein Printing Co. Employee's Credit Union, 175 Luckie St., N.W. Swift Atlanta Employee's Credit Union, 93 Peachtree Way Tesco Credit Union, P. 0. Box 173 Station C The Thrift Credit Union, 125 Spring St., S.W. University Center Credit Union, 24 Ivy St.
AUGUSTA A. B. C. Credit Union, 930 8th St. Augusta Fire Dep't Credit Union, Central Ave. & Troupe St. Augusta Police Credit Union, Police Headquarters Georgia R. R. Employee's Credit Union, 615 8th St. King Mill Credit Union, % King Mill Richmond Co. Health Dep't Employee's Credit Union, 501 Greene St.
BROOKHAVEN
C. M. A. Credit Union, Box # 81
BRUNSWICK Glenn County Federal Emp. Credit Union, Federal Building
COLUMBUS Columbus Coca Cola Employee's Credit Union, 305-17th st. Muscogee Co. Health Dep't Credit Union, P. 0. Box 229 Postal Employee's Credit Union, Post Office Seaboard Columbus Employee's Credit Union, Front Ave. & lOth St.
CORDELE Harris F. & M. Employee's Credit Union, % Harris F & M Co.
DALTON N. G. E. M. C. Credit Union, 301 Selvidge St. Whitfield Co. Postal Employee's Credit Union, Post Office
DECATUR Decatur Postal Employe's Credit Union, Post Office Kraft Employee's of Atlanta Credit Union, 1205 DeKalb Industrial Way The Wood Co. Credit Union, 647 East College Ave.
DRY BRANCH Georgia Kaolin Employee's Credit Union
DUBLIN Dublin Federal Employee's Credit Union, Federal Bldg.
EAST POINT Colonial Stores Employee's Credit Union, 2251 N. Sylvan Road Lamplan Credit Union, 1377 Oakleigh Drive Municipal Employee's Credit Union, City Hall Tri-City Postal Credit Union, Post Office
FORT McPHERSON Fort McPherson Credit Union
JACKSON Central Ga. Electric Members Corp. Credit Union

THIRTY-FOURTH ANNUAL REPORT

XIII

MACON Burke Credit Union, 626 Mulberry St. City Employee's Credit Union, City Hall C. W. Farmer Employee's Credit Union, 521 Fifth St. Davison's of Macon Credit Union, 433 Cherry St. D. D. D. Credit Union, 658 Arch St. Federal Employee's Credit Union, Post Office Hapgrade Credit Union, Broadway & Pine Lepco Credit Union, 245 Second St. McAfee Employee's Credit Union, Waterville Road M. D. & S. Employee's Credit Union, 1115 Boulevard Ave. Macon Fireman's Credit Union, Fire Dep't Headquarters Macon Kraft Employee's Credit Union, Mead Road Macon Police Credit Union, City Hall Macon Textiles Credit Union, 3879 Lake St. Macon Waterworks Credit Union, City Hall P. and G. Macon Employee's Credit Union, 1265 Sixth St. Trice Oil Employee's Credit Union, 1167-Sixth St.
MILLEDGEVILLE Milledgeville State Hospital Credit Union, State Hospital
MOULTRIE Employee's Swift & Co. Credit Union, Swift & Co.
PLAINS Sumter Co. Teachers Credit Union
ROME Battey State Hospital Credit Union, Battey State Hospital Floyd Co. Postal Employee's Credit Union, Post Office
SAVANNAH Blue Flame Credit Union, 114 Barnard St. Central Employee's Credit Union, 227 West Broad St. Chatham Co. Teachers Ass'n Credit Union, Savannah High School G. P. A. Credit Union, Georgia Ports Authority Merchants Credit Union, P. 0. Box 1717 Savannah & Atlanta Rwy. Emp. Credit Union, P. 0. Box 1491 Savannah Elec. & Power Emp. Credit Union, 27 West Bay St. Savannah Federal Employee's Credit Union, Castle Bldg. 200 E. St. Julian St. Savannah Postal Credit Union, P. 0. Box 2002 Seaboard Employee's Credit Union, 104 Union Station, P. 0. Box 302 Transit Credit Union, 900 E. Gwinnette St. Workmans Circle Credit Union, 238 West Broad St.
TIFTON Armour Tifton Employee's Credit Union, Armour & Co.
VALDOSTA Postal Employee's Credit Union, Post Office
INACTIVE CREDIT UNIONS Dixie Pottery Employee's Credit Union, 1800 Murphy Ave., S. W. Atlanta Hodges, Albany Hardware Co., Albany Carling Tile Employee's Credit Union, 175 Lower Poplar St., Macon Carroll Co. Teachers Credit Union, Court House, Carrollton J. P. Hunter Co. Credit Union, 37 Forsyth St., Atlanta Macon R. E. A. Emp. Credit Union, Railway Exp. Agcy., Macon Wofford Credit Union, 140 Spring St., Atlanta
CREDIT UNIONS IN VOLUNTARY LIQUIDATION Gordon Foods Employee's Credit Union, 1075 Sylvan Rd., Atlanta
CREDIT UNIONS IN INVOLUNTARY LIQUIDATION Atlanta Fireman's, 166 Alabama St., Atlanta Canco 51-A, 410 Maretta St., Atlanta Constitution Employee's, 10 Forsyth St., Atlanta Federal Employee's, Augusta Southern Spring Bed Employee's, 290 Hunter St., Atlanta

XIV

DEPARTMENT OF BANKING

Exhibit "S"

ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS OF GEORGIA AS OF DECEMBER 31, 1953

(With Comparative Statement as of December 31, 1952)

ASSETS

Dec. 31, 1953
299 Banks 16 Branches

Dec. 31, 1952
297 Banks 15 Branches

Increase Decrease

Cash, balances with o the r banks,

cash items in process of collection____$ 250,253,138.30 $ 267,929,539.37 $17,676,401.07-

U. S. Gov't. Obligations, direct and guaranteed ______________________________________________ 321,348,163.04

315,028,364.39

6,319,798.65

Obli&"a~i?ns of States and political SUbdiVISIOnS____________________________________________ 39,151,795.65

32,377,562.72

6, 774,232.93

Other Bonds, notes & debentures____ 5,039,256.45

3,896, 716.25

1,142,540.20

Corporate stock, including stock of Fed Res. Bank______________________________________

1,209,977.85

1,236,681.72

26,703.87-

Loans & discounts, including over-

drafts ------------------------------------------------------ 390,723,183.49 377,118,517.23 13,604,666.26

Bank premises owned and furniture and fixtures __________________________________________

9,966,179.31

9,488,389.80

477,789.51

Real Estate owned other than bank

premises----------------------------------------- Investment & other assets indirectly

489,081.69

226,081.36

263,000.33

representing bank premises or other

R IE_ .------- __ ----------------------------------

133,154.25

227,437.46

94,283.21-

Customers' liability to this bank on

acceptances outstanding______________________

72,617.26

-0-

72,617.26

Othe~~~1~ -ASSETi:::::::::::::::::::::::-;;:$-=-1,-=o"""2~""':--=-~4-:-5-:~"""';-::c!~=--:~:-:~$::-1c~,=0---1;;02:-,,::05--63-=34--=,,-52;;34--11'-:..:69-:55='-::-=c-$==1---0=-,=52-=8c7::0-7:,:,1--13'-1:8-:8.:2-.=-17=-8-:---

LIABILITIES

Demand deposits____________________________________$ Time deposits________________________________________

557,406,284.93 210,193,897.44

$

561,7 44,348.94 186,694,245.37

$ 4,338,064.0123,499,652.07

Deposits of U. S. Gov't,______________________ 20,572,913.27

22,871,166.30

2,298,253.03-

D.el?o~its of States and political sub-

diVISions___ ------------------------------------- 86,232,403.14 Deposits of banks________________________________ 43,853,647.22

92,292,7 44.25 49,739,833.37

6,060,341.115,886,186.15-

Other deposits (certified and officers

chec

ks, etc.) TOTAL

--D--E--P--O---S---I-T---S--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-~--$-=-9=-~-2~=~7,5'-=~5: :,-2772,'-:--=,2.:..,.:9=o9..8,~5.1..,,:.4=$-:--:-o:9;4;2-4-70~::,,5-47:=:48:-:'57=0~,,=03::.1-5=532-~-..:492==-70-=--~;~;:=-=-$:=-=-:4~:,-~9-=:79:=-74':-=,,'20=-:8=9:-=53:==..-=53c=:74:=-=:-=-

Bills payable, rediscounts & other liabilities for borrowed money__________

108,599.72

268,758.78

160,159.06-

Acceptances executed by or for ac-

count of this bank and outstanding__

72,617.26

-0-

72,617.26

Other liabilities ----------------------------------_ _12_,,_3_80_,,_5_80_._8_7_ _ _11-,-2'3-8-,-8-4-9'-.-8-8-----"1'-,1-4'-1-,-7-3-0'.-9-9---

TOTAL LIABILITIES (not in-

cluding capital accounts) --------------------=$==9=38='=3=43='=2$=439=3=2=,239=49,=9=6=0=.8=6====$==6=,=0=4'8=,=2=8=2=.5=3===

CAPITAL ACCOUNTS Capital debentures________________________________

32,500.00

49,350.00

16,850.00-

Capital _____ --------------------------------------------- 25,262,500.00

22,230,500.00

3,032,000.00

Surplus ---------------------------------------------- 31,434,319.80

32,246,799.80

812,480.00-

Undivided profits__________________________________ 17,191,644.40

15,314,510.72 1,877,133.68

Reserve. ------------------------------------------------_ __:_8,c:3..:.7.:.9'c:4..:.6=-2-=-5..:.7_ _ _7C!,9.C2_-7-',-4'-1==0-.:5-=7--=--'----.::.4:5:.2.:,-0--5'-2'.-0-~0'-'--

s_________________________________ TOTAL CAPITAL
ACC0 UNT

$:c__.::8~2s,3-=-00::..!.,=-42:..:6_::_7. :..:7--$-=~~~::.7.c7..':7:.6=-8:.,.5:c7=_1__.:0c_9-=:...:.$.:::4c',-5"-3"-1--,:8.5..5:..6.:8:..:=-

TOTAL LIABILITIES AND CAPITAL ACCOUNTS------------$~1~,0::,:::2~0,~6~43:::!:,6~7~0::,:::.1~6==$~1:,0:1:0:,0:6:3:,5:3:1:.:95:~~~$=1=0=,5~8=0=,1=3=8=.2=1==

THIRTY-FOURTH ANNUAL REPORT

XV

Number of Banks
12 1
97 13
3 5 81 1 4 1 2 6 1 42 1 8 10 1 1 2 1 1 1 3 1

CLASSIFICATION OF BANKS BY CAPITALIZATION AS OF DECEMBER 31, 1953

Exhibit "T"

Capital
$ 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00 40,000.00 50,000.00 55,000.00 60,000.00 62,500.00 65,000.00 75,000.00 80,000.00
100,000.00 125,000.00 150,000.00 200,000.00 250,000.00 275;000.00 300,000.00 325,000.00 400,000.00 500,000.00 1,000,000.00 4,000,000.00

Total Capital
180,000.00 20,000.00
2,425,000.00 390,000.00 105,000.00 200,000.00
4,050,000.00 55,000.00 240,000.00 62,500.00
130,000.00 450,000.00
80,000.00 4,200,000.00
125,000.00 1,200,000.00 2,000,000.00
250,000.00 275,000.00 600,000.00 325,000.00 400,000.00 500,000.00 3,000,000.00 4,000,000.00

Total Resources
8, 780,063.85 310,126.41
103,403,013.22 13,508,231.86 3,141,341.34 8,175,436.40 184,816,527.61 1,150,394.93 7,221,780.60 1,230, 730.7 4 2,229,596.31 19,506,402.63 2,438,548.15 149,495,403.03 5,895,248.30 50,815,379.84 81,451,163.83 12,538,984.89 7,740,110.66 17,655,827.91 7,304,235.49 22,991,712.02 20,833,128.44 118,251,325.55 169,758,956.15

BANKS IN VOLUNTARY LIQUIDATION December 31, 1953

$1,020,643,670.16 Exhibit "U"

NAME OF BANK

LOCATION

DATE

Atlanta Trust Company___________________________ Atlanta______________________ December 11, 1929

Merchants Trust Company______________________ _ Valdosta_________________________ January 30, 1931

Bank of Statham_________________________________________ Statham_________________________ December 31, 1931

Newnan Bank & Trust Co.___________ ----------- Newnan__________________________ May 11, 1932

Citizens Bank______________________________________ _______ _ Tallapoosa_____________________ March 14, 1938

American Savings Bank_ --------------

Atlanta___________________________ January 12, 1950

XVI

DEPARTMENT OF BANKING

Exhibit "J7"
LEGAL HOLIDAYS
January 1-New Years Day January 19-Lee's Birthday February 22-George Washington's Birthday April 26--Memorial Day June 3--Jefferson Davis' Birthday July 4-Independence Day First Monday in September-Labor Day October 12-Columbus Day November 11-Armistice Day Fourth Thursday in November-Thanksgiving Day December 25-Christmas Day
Provided that when any of the holidays enumerated above falls on a Sunday the Monday next following shall be observed as a Legal Holiday.

Exhibit "W"

SUPERINTENDENTS OF BANKS, DEPARTMENT OF BANKING STATE OF GEORGIA

No. Name

Date of Appointment

Date Service Ended

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

2 A. B. Mobley__________________ January 1, 1927

September 24, 1931

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

4 R. E. Gormley_________________ January 1, 1932

October 6, 1936

5 R. R. Tippins__________________ October 6, 1936

January 11, 1937

6 John C. Beasley --------------- January 11, 1937
7 R. E. Gormley----------------- January 25, 1937 8 C. B. Golsan, Acting Supt.______ January 1, 1940

January 25, 1937 January 1, 1940 January 14, 1941

9 John C. Beasley--------------- January 14, 1941

March 21, 1947

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

November 18, 1948

11 A. P. Persons_________________ November 18, 1948

THIRTY-FOURTH ANNUAL REPORT

1

STATEMENT Showing condition at the close of business December 31, 1953, of

ABBEVILLE STATE BANK Abbeville, Ga.

As called for by the Superintendent of Banks

J. H. DORMINY, JR. President
Date of Charter: 4-21-1952

W. S. WALKER Cashier
Began Business: 4-22-1952

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

38,402.96 189,753.38
None None Nolle 144,444.10 2,130.69 None
None None 99i.37

LIABILITIES Demand Deposits ................................ $ Time Deposits .................................... Deposits of U. S. Government........ D e p o_ s.i ~ s of States and political
subdiVISIOns ---------------------------------Deposits of banks....----------Other deposits (certified and offi-
cers checks, etc.) - Bills payable ........................................ Acceptances executed b y o r f o r
a c c o u n t of this bank and out-
standing ---- Other liabilities ........---------------------- Capital ....................................................
Surplus ......................... ------------- . Undivided profits ................................
Reserves --------------------------------------------------

Total ASSETS ----------- $

375,72R.50

Total Liabilities ____ ------ $

STATEMENT

Showing condition at the close of business December 31, 1953, of

212,467.75 59,544.74 6,315.85
62,720.10 None
228.38 None
None 2.513.S8 25,000.00 5,000.00 1,938.30
None
3'75,728.30

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks

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

H. W. PITNER Cashier
Began Business: 12-19-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations. direct and guaranteed........ Obliga~i'?n.s of States and political SUbd.lVISIODS ........................................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ___________________ _
,Loans and discounts (i n c I u d i n g
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 this bank on acceptances outstanding................
Other assets -----------------

Total Assets ..

... $

288,661.21 524,816.41
None None None 415,971.34 6,719.18 None
None None 3,606.56
1,239,774.~0

LIABILITIES
Demand Deposits - Time Deposits ------------------------------------..-Deposits of U. S. Government........ De~o~i~s of States and political sub-
diviSlons ---------------------------------------------Deposits of banks ....--------------- .Other deposits (certified and offi-
cers' checks. etc.) ............................
Bills payable ----------------- Acceptances executed by or for ac-
e o u n t of this bank and outstanding ............................................
Other Liabilities -------- Capital --------- Surplus ------------------Undivided profits.....---- Reserves -------------------------------------------------

806,087.61 270,930.02
None
41,814.56 None
114.93 None
None 5,000.00 50,000.00
~5.000.00
40,077.93 749.65

Total Liabilities __

------- $ 1,239,774.70

2

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks.

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

J. E. McKELVEY,
Cashier. Began Business: 3-24-1899

ASSETS
Cash, balances with other banks, including reserve balance, and cash items in process of collection________
United States Government obligations, direct and guaranteed........
Obliga!i~n.s of States and political
SubdlVlSlOnS -----------------Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) -----------Loans and discounts (in ci 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............................................

2 5 7 , 7G1.95 418,000.00
5,000.00 None
1,800.00 472,230.72
1,605.24 None
None None None

Total Assets ------ ---- $ 1,156,qn.n

LIABILITIES
~:'eante~~\'~si:':...:::::::::::::::::::::::::::::::: $

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

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

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

Bills payable __

--

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

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

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

Reserves -------

645,495.44
330,107.~4
1,39:!.25
57,3~1.21
None
l,n37.46 None
None None 25,000.00 35,000.00
60,1-!2.~1
None

Total Liabilities.................. __ ----- $ 1,156,3U7.91

STATEMENT

Showing condition at the close of business December 31, 1953, of

ADEL BANKING COMPANY Adel, Ga.

As called for by the Superintendent of Banks.

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

D. C. IRELAND,
Cashier. Began Business: 3-1-1929

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. of States and political SUbdiVISIOns ------------------------------ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .................... Loans and discounts (including overdrafts) ----------------Bank premises owned, furniture and fixtures ----------------------------------------------Real estate owned other than bank 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 ------------- $

588,881.49 932,000.00
lRO.OO None None 617,72'/.C4 2S,004.27 None
None None 3,462.65
2,170,2~6.05

LIABILITIES
~i;::n~e~:i~~its_____::::::.:::::::::.::::~~::::~: $
Deposits of U. S. Government............ Deposi!" ..of States and political
SUbdiVISIOnS ----------------------------------Deposits of Bank----------- Other deposits (certified and offi-
cers' checks, etc.) --------------------------Bills payable....---------------Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities....................._._______________
Capital --------------------------Surplus-----------------Undivided profits ................................
Reserves -------------------------------------------------

1,310,712.30
~06.902.85
11,195.85
302,337.96 36,127.57
8.~93.10
None
None 4,270.00 50.000.00 100,000.00 29,596.08 10,070.34

Total Liabilities -------------..-.. $ 2,170,256.05

THIRTY-FOURTH ANNUAL REPORT

3

STATEMENT Showing condition at the close of business December 31, 1953, of

FARMERS & MERCHANTS BANK Adel, Ga.

As called for by the Superintendent of Banks

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

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ........ $ 248,721.40

United States Government obliga-

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

380,877.14

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

None None

Corporate stocks (including stock of

Federal Reserve Bank)

_______ __

None

Loans and discounts ( in c) u ding

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

412,422.95

Bank premises owned, furniture and

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

7,876.53

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

None

rectly representing bank premises

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

None

acceptances outstanding______________

None

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

3,481.61

Total Assets .................................... 1,053,379.63

LIABILITIES Demand deposits ................................ $
Time deposits ---------------------- Deposits of U. S. Government .......... Dep~si_tf! of States and political subdiVISIOnS ............................................ Deposits of Banks ................................ Other deposits (certified and ~m-
eers' checks, etc.) ............................ Bills payable............................. -------Acceptances executed by or for
account of this bank and out-
standing --------------------- ---------------- Other liabilities ------------------Capital -----------------------------------Surplus .................................................... Undivided profits ................................
Reserves ----------------

676,659.83 235,791.74
None
92,467.60 32,376.06
15,870.63 None
None None 60,000.00 30,000.00 20,223.77 None

Total Liabilities ............................ $ 1,053,379.63

STATEMENT

Showing condition at the close of business December 31, 1953, of

MONTGOMERY COUNTY BANK Ailey, Ga.

As called for by the Superintendent of Banks.

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

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

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

371,774.56 375,000.00
3,000.00 None None
100,459.42 1.00
None
None None None

Total Assets ....................................---86-0-,2-3-4-.9-8

LIABILITIES Demand Deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government..___
Deposi!s..of States and political SUbdiVISIOnS ........................................
Deposits of Banks ................................ Other deposita (certified and offi-
Bilclesrs'pacyhaebclkes__,___e_t_c_.)_-_-_-_-_--_-_-_-_-_--_______-_-__
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities .................................... Capital ...................................................... Surplus .................................................... Undivided profits ................................ Reserves ..................................................

569,400.70 5,033.86 None
164,610.27 26,689.21
50,900.95 None
None 2,100.00 30,000.00 10,000.00 1,500.00
None

Total Liabilities ............................ $ 860,234.98

4

DEIPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

WHEELER COUNTY STATE BANK Alamo, Ga.

As called for by the Superintendent of Banks.

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

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

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 subdiVISions ........................................ Other bonds, notes, and debentures.. Corporate stocks (Including stock of Federal 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 ................................ $

123,782.25 805,069.59
None None None 185,983.11
1.00 None
None None None 614,785.95

LIABILITIES Demand deposits ................................ $ Time deposits .................................... Deposits of U. S. Government............ Deposi~. _of States and political
SUl:Jd.lVISIODS .......................
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 ................................
Reserve& -----------------------------------------

865,450.95 69,180.77
3,121.40
99,420.61 982.08
None None
None 3,179.67 26,000.00 25,000.00 28,550.47
None

Total Liabilities ............................ $ 614,785.96

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF ALAPAHA Alapaha, Ga.

As called for by the Superintendent of Banks.

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

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

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

710,214.44 837,700.00 15,816.78
None None 422,67().47 5.928.91 None
None None None

Total Assets ................................ $ 1,492,880.60

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

782,285.05 381,592.13
2,789.78
108,612.00 7,121.68
1,623.60 None
None 15,464.76 60,000.00 70,000.00 82,841.60 30,000.00

Total Liabilities ---- $ 1,492,380.60

THIRTY-FOURTH ANNUAL REPORT

5

STATEMENT

Showing condition at the close of business December 31, 1953, of

ALBANY SAVINGS BANK

Albany, Ga.

As called for by the Superintendent of Banks

SPENCER C. WALDEN, JR., President.
Date of Charter: 8-21-1950

HARMON S. PARKER, Cashier.
Began Business: 10-2-1950

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 ( in c I u d in g
overdrafts) ------------- Bank premises owned, furniture and
fixtures ------- Real estate owned other than bank
premises ---------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding ---------------Other assets............................................

258,788.47 None None None None
1,672,881.65 7,361.64 None
2,867.05 None 421.62

Total Assets .................................. $ 1,942,320.43

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

Nonll 1,359,126.94
None
None 80,000.00
None None
None 187,989.04 150,000.(}()
30,000.00 101,261.95
33,942.50

Total Liabilities .......................... $ 1,942,320.43

STATEMENT

Showing condition at the close of business December 31, 1953, of

ALBANY TRUST & BANKING COMPANY Albany, Ga.

As called for by the Superintendent of Banks.

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

GEO. W. HUGHEY, JR.
Cashier. Began Business: 6-1905

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash items in precess 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 -----------

290.485.82 None None None None
1,483,514.38
18,975.43 None
None None None

Total Assets .................................. $ 1,792,975.63

LIABILITIES Demand deposits.............---- $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s . .of States and political
SubdtV1810DB ........................................
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 ---------------------------------------------

None 1,230,657.15
None
None None
None None
None 285,728.60 100,000.00 100,000.00
76,589.88 None

Total Liabilities -- $ 1,792,975.63

6

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

W. D. OWENS,
President. Date of Charter: 3-9-1942

L. M. JORDAN,
Cashier. Began Business: 4-15-1942

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 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 premtses or other real estate.......................... Customers' liability to this bank on acceptances outstanding________________
Other assets ---------

2,633,265.41 1,028,550.00
109,201.95 None None
3,107,097.69 178,769.24 None
None None 2,450.25

Total Assets ------------- $ 7,059,334.54

LIABILITIES
Demand deposits ------------- $ Time deposits -------------------- Deposits of U. S. Government........... . Deposi~s. _of States and political
subdJVlSlons .................................. 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 ....................................
DCeabpeitnatlure..s.............................-........-....... Surplus ................................................... Undivided profits ................... Reserves ______ ----------------------------------------

3,548,383.87 1,999,291.50
49,030.73
855,090.64 100,751.03
51,785.05 None
None 57,848.79 32,500.00 150,000.00 170,000.()0 44,652.93
None

Total Liabilities ............................ $ 7,059,334.54

STATEMENT Showing condition at the close of business December 31, 1953, of

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

3, 794,317.97 3,250,081.25
486,156.70 114,373.17
None 4,671,090.92
202,864.31 None
None None 20,100.57

Total Assets ................................ $ 12,538,984.89

LIABILITIES

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

Time Deposits ..........................

Deposits of U. S. Government.. Deposi~s-. _of States and political

subd1V1s1ons ............................

Deposits of hanks ................................

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

7,120,370.54
2,410,1~8.66
251,969.58
421,470.16 1,231,673.78
84,138.85 None
None 252,528.62 250,000.00 250,000.00 185,079.53 81,555.17

Total Liabilities ........................... $ 12,5380 984.89

THIRTY-FOURTH ANNUAL REPORT

7

STATEMENT

Showing condition at the close of business December 31, 1953, of

FIRST STATE BANK OF ALBANY Albany, Ga.

As called for by the Superintendent of Banks.

J. R. PINKSTON, President.
Date of Charter: 5-3-1943

FRED N. SUMTER, 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. of States and volltical 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 representlng bank premises
or other real estate..........................
Customers' liability to this bank on acceptances outstandln~~:...._............
Other Assets ..........................................

4,480,567.06 3,850,534.38
35,439.70 None None
7,759,718.29 168,519.30
Non~
None None 18,511.24

Total Assets ...................................... $ 16,313,289.97

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s . .of States and political
su'bdtvtSions ------ Deposita 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 .................................................... Surplus .................................................... Undivided profits ................................
Reserves -

7,834,912.27 2,926,462.00 1,071,253.11
1,247,243.71 2,130,911.07
39,138.59 None
None 219,695.16 150,000.00 850,000.00 343,674.06
None

Total Liabilities .......................... $ 16,313,289.97

STATEMENT

Showing condition at the close of business December 31, 1953, 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 obliga-
tions, direct and guaranteed.......... Obligations of States and volitical
subdivisions ........................................ Other bonds, notes, and debentures.. Corporate stocka (Including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises - Investments and other assets Indi-
rectly representing bank vremises or other real estate............................
Customera' liability to this bank on acceptances outstanding..................
Other nssets............................................

516,512.00 611,047.46
None None None 623,355.42 3,909.80 None
None None None

Total Assets ...................................... $ 1,754,824.68

LIABILITIES Demand deposits ................................ $ Time deposita ........................................ Deposits of U. S. Government............ Deposi~s. .of States and political
subdlVlSlOnS ...................
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 --------------------------Surplus .................................................... Undivided vrofits ................................ Reserves ..................................................

932,320.87 244,335.41
11,712.25
401,372.30 23,018.03
1,087.57 None
None 15,797.21 25,000.00 75,000.00 25,181.04
None

Total Liabilities ............................ $ 1,754,824.68

8

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, 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........ Obfiga~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 e-state..........................
Customers' liability to this bank on
acceptances outstanding....-----Other assets ----------------------------

437,498.39 652,671.88
None None None 681,428.54
1.00 1.00
None None None

Total Assets .................................. $ 1,771,600.81

LIABILITIES
i:'ead~~,:i: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 -------------------------
SUunrdpilvuisdedprofits...................-............-. Reserves ..................................................

815,395.46 575,120.62
13,704.46
225,771.90 None
7,958.75 None
None None 60,000.00 50,000.00 18,649.62 15,000.00

Total Liabilities .......................... $ 1,771,600.81

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS STATE BANK Alma, Ga.

As called for by the Superintendent of Banks.

L. T. HARRINGTON, President.
Date of Charter 4-2-1951

ALBERT A. PITTS, JR., Cashier.
Began Business: 5-1-1951

ASSETS
Cash, balance 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 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 ..........................................

151,009.74 460,001.11
27,940.44 None None
499,672.64 12,134.87 None
None None 207.37

Total Assets .................................. $ 1,150,966.17

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government................ Deposi~. !Jf States and political
su"bd.lVlSlons ........................................ Deposit of banks .................................. Other deposits (certified and offi-
Biii:.'"s~,.c;~t,"_.~.~~:!.::::::::::::::::::::::::::::::::
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ....................................
Cap ita! ---------------
Surplus --------- Undivided profits ................................
Reserves --------------------------------------------------

560,836.11 294,626.53
9,639.51
178,261.72 None
495.27 None
None 2,139.84 50,000.00 25,000.00 29,967.19
None

Total Liabilities ............................ $ 1,150,966.17

THIRTY-FOURTH ANNUAL REPORT

9

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF COMMERCE Americus, Ga.

As called for by the Superintendent of Banks.

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

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

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
SllbdJVJSIODS .....................
Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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 I'eal estate............................
Customers' liability to this bank on acceptances outstanding....................
Other Assets ........................................

1,428,238.42 2,136,663.06
468,136.91 10,000.00 None
2,150,647.94 15,000.00 None
None None None

Total Assets .................................. $ 6,208,686.33

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 outstanding .............................................. Other liabilities .................................... Capital .................................................... Surplus ....................................................
Undivided profits ................................ Reserves ..................................................

3,432,120.76 1,164,894.67
88,575.80
536,001.64 134,062.38
12,927.94 None
None 38,462.00 100,000.00 200,000.00 291,641.14 210,000.00

Total Liabilities ................................ $ 6,208,686.33

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
cluding reserve balances. and cash items in process of collection........ $ United States Government obligations, direct and guaranteed.......... Obliga!i'?n.s of States and political
subdlVlSlODS ---
Other bonds, notes, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ---- Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding.................... Other assets ......- ....................................

1,191,322.62 1,109,941.75
175,078.62 None None
1,935,595.45 40,490.25 3,408.00
None None 2,357.81

Total Assets ................................. $ 4,458,194.50

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

2,608,999. 78 715,545.16 84,539.23
676,135.65 8,891.26
6,710.79 None
None 44,598.21 100,000.00 100,000.00 62,774.42 50,000.00

Total Liabilities ............................ $ 4,458,194.50

10

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
BOSTWICK BANKING COMPANY Arlington, Ga.
As called for by the Superintendent of Banks.

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

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

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'!~s of States and political
SUbdlVISIODS .......................................
Other bonds, notes. and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures -------------------Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly revresenting bank premises or other real estate.......................... Customers' liability to this hank on acceptances outstanding.................. Other assets ............................................

357,407.39 211,935.34
10,168.52 None None
586,161,21 3,056.70 None
None None 3,853.83

Total Assets ...................... ... $ 1,172,582.99

LIABILITIES

Demand deposits ......

. .. $

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

SUbdlVlSlODS .............................
Depooits 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 ....

830,343.60 81,922.10 8,184.49
157,800.76 None
None None
None 3,138.27 15,000.00 56,000.00 6,149.46 14,044.31

Total Liabilities .............. ....... $ 1,172,582.99

STATEMENT
Showing condition at the close of business December 31, 1953, of ASHBURN BANK Ashburn, Ga.
As called for by the Superintendent of Banks.

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

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

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

927,717.21 910,929.55
None None None 1,138,727.82 50,000.00
None
Non~
None 117.40

Total Assets ..................................... $ 3,027,491.98

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

1,897,540.25 794,682.78 1,823.80
104,791.81 None
3, 729.59 None
None 19,206.24 50,000.00 100,000.00 55,717.51
None

Total Liabilities

$ 3,027,491.98

THIRTY-FOURTH ANNUAL REPORT

11

STATEMENT Showing condition at the close of business December 31, 1953, of
THE CITIZENS BANK OF ASHBURN Ashburn, Ga.

As called for by the Superintendent of Banks.

JAMES H. PATE,

GREER MONROE,

President.

Cashier.

Date of Charter: 7-3-1900

Began Business: 10-25-1905

ASSETS
Cash, balances with other banks, in eluding reserve balances, and cash items in process of collection........ $
United States Government obllgatio~s. direct and guaranteed........
ObJiga~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 acceptanees outstanding.................. Other assets............................................

594,129.21 676,000.00
6,800.00 None None
466,552.33 6,324.87 None
None None None

Total Assets ...................................... $ 1,749,806.41

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

1,030,829.94 491,607.83 2,168.13
69,819.15 9,394.77
1,606.19 None
None None 25,000.00 75,000.00 44,480.40 None

Total Liabilities ............................ $ 1,749,806.41

STATEMENT

Showing condition at the close of business December 31, 1953, of

HUBERT STATE BANK Athens, Georgia

As called for by the Superintendent of Banks.

MRS. BLANCHE BRACKETT President.
Date of Charter: 9-24-1949

JOHN E. GRIFFIN Cashier.
Began Business: 11-1-1949

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

348,141,24 501,929.38
52,196.15 None None
692,269.78 61,711.05 None
None None None

Total Assets ....

... $ 1,656.247.60

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government............ Deposi~. . of State 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 ..................................................

709,610.04 580,852.39
16,000.00
175,835.79 None
4,204.63 None
None 4,139. 76 100,000.00 36,000.00 30,604.99
None

Total Liabilities ............................ $ 1,656,247.60

12

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, 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

Caah, balances with other banks, In-

eluding reserve balances, and cash

items in process of collection........ $ 3,231,573.52

United States Government obliga-

tions, direct and guaranteed........ 7,079,754.85

Obliga~l'?n.s of States and political

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

469,530.46

Other bonds, notes, and debentures..

170,000.00

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ........................................ 11,852,523.91

Bank premises owned, furniture and

fixtures ................................................

116,021.25

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

acceptanc<!s outstanding..................

None

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

73,308.03

Total assets ....................................$ 22,991,712.02

LIABILITIES

Demand deposits ................................ $ 7,029,003.03

Time deposita ........................................ 10,560,605.69

Deposita of U. S. Government........

278,287.71

Deposi)os..of States and political

suhdtvtstOns ........................................ 2,720,738.56

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

2,000.00

Other deposita (certified and ofti-

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

198,223.36

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

NOlle

account of this bank and out-

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

Nona

Other liabilities .................................... 1,097,935.40

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

400,000.00 "00,000.00 216,018.27

Reserves .................................................. 100,000.00

Total Liabilities ................................ $ 22,991,712.02

STATEMENT
Showing condition at the close of business December 31, 1953, of THE CITIZENS & SOUTHERN BANK OF ATLANTA Atlanta, Georgia

As called for by the Superintendent of Banks.

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

WALTER L. JACKSON, 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. 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 ............................................ Investmenta and other assets indi-
rectly repreeentlna: bank premises or other real estate ........................
Cuatomen' liabUity to this bank on
aeeeptances outstandlnc ----
Other assets -

3,269,808.18 3,821,988.66
503,085.04 47,812.50
None 7,864,488.23
192,016.63 144,800.08
None None 27,239.49

Total Assets - $ 15,871,238.70

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

7,002,860.18 6,749,333.22
126,525.66
160,000.00 None
36,896.63 None
None 878,714.30 800,000.00 400,000.00
93,879.66 128.029.15

Total Liabilities ............................ S 16,871,288.70

THIRTY-FOURTH ANNUAL REPORT

13

STATEMENT
Showing condition at the close of business December 31, 1953, of
THE CITIZENS AND SOUTHERN BUCKHEAD BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

JAMES M. SHEPHERD, President.

WILLIAM H. GILBERT, Cashier.

Date of Charter: 11-4-1948

7-5-1949

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

2,155,398.00 1,388,955. 74
158,211.59 99,279.71 None
1,347,296.86 51,929.13
None
None None 12,312.48

Total Assets .................................. $ 5,213,383.51

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government............ Deposl~s. .of States and political
Sllbd.lVlSlODS ......
Deposits of banks ................................ Other deposits (certified and offi.
eers' checks, etc.) ............................ Bills payable .......................................... Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities .................................... Capital ......................................................
SUunrdPilvuisdedprofits..........-...................... Reserves ..................................................

8,598,295.91 727,227.51 94,829.91
480,000.00 None
2,912.50 None
None 110,206.14 100,000.00 100,000.00
24,911.54 25,000.00

Total Liabilities -- $ 5,213,383.51

STATEMENT
Showing condition at the close of business December 31, 1953, of CITIZENS TRUST COMPANY Atlanta, Ga.

As called for by the Superintendent of Banks.

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

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

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

925,036.30 1,933,972.15
577,667.06 289,980.75
7,750.00 2,345,072.64
45,315.75 1.00
None None 28,948.02

Total Assets .................................... $ 6,153,743.67

LIABILITIES Demand deposits .................................. $ Time deposits........................................ Deposits of U. S. Government........ Deposl~s. .of States and political
subdtVISJODS ...........................
Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) ............................
Bills payab\e__-----Acceptances executed by or for
account of this bank and outstanding .............................................. Other liabilities ....................................
Capital ---- SurPlus -- -- ----------------- Undivided profits ................................
Reserves -----------------------------------------

2,712,787.41 2,812,142.06
80,360.88
29,000.00 None
44,440.37 None
None 64,788.10 200,000.00 57,500.00 120,724.85 82,000.00

Total Liabilities .......................... $ 6,153,743.67

14

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, of EAST ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

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

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

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

1,892,458.28 2,096,27 4.00
57,618.71 50,000.00
None 2,405,848.24
75,000.00
None
None None None

Total Assets ................................. $ 6,577,199.23

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-

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

3,324,910,69 1,942,011.88
222,487.01
447,705.74 None
116,681.86 None
None 7,500.00 100,000.00 100,000.00 163,151.49 152,750.56

Total Liabilities ....................... $ 6,577,199.23

STATEMENT
Showing condition at the close of 'business December 31, 1953, of GEORGIA SAVINGS BANK & TRUST COMPANY Atlanta, Ga.

As called for by the Superintendent of Banks.

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

GEORGE M. BROWN, III Asst. Sec. & Treas.
Began Business: 9-1-1899

ASSETS

Cash, balances with other banks, In-

cluding reserve balances. and caah

items in process of collection........ $ 1,199,989.21

United States Government obliga-

tions, direct and guaranteed.......... 6,191,462.68

Obliga!i~n.s of States and political

subdlVlswns ......................................

499,901.11

Other bonds, notes, and debentures..

67,762.78

Corporate stocks (including stock of

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

551,242.10

Loans and discounts (including

overdrafts) ........................................ 12,171,292.51

Bank premises owned. furniture and

fixtures ................................................

150,001.00

Real estate owned other than bank

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

1,477.05

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liabilit:r to this bank on

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

None

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

None

Total Assets .................................. $ 20,833,128.44

LIABILITIES

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

None

Time deposits ........................................ 15,205,264.10

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

253,352.04

Deposl~. _of States and political

SUbdiVISIODS ........................................

50,000.00

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

220,000.00

Other deposits (certified and offi-

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

1,009.00

Bills payable...-------

None

Acceptances executed by or for

account of this bank and out-

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

None

Other liabilities .................................... 2,436,142.37

Capital ----------

600,000.00

Surplus -------------------------------- 1,000,000.00

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

192,096.14

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

975,264.79

Total Liabilities ............................ $ 20,833,128.44

THIRTY-FOURTH ANNUAL REPORT

15

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
cluding re.serve 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 ..........................................

730,256.26 1,904,371.89
286,208.29 353,468.75
None 3,397, 712.43
85,097.71 None
None None 16,948.20

Total Assets .................................. 6,774,063.53

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 e..'"{ecuted by or for
account of this hank and outstanding .............................................. Other liabilities ...............................
Capital -------------------Surplus ...................................... Undivided profits .................
Reserves ----

1,468,066.79 4,515,406.01
None
54,000.00 20,000.00
10,085.40 None
None 64,845.48 200,000.00 200,000.00 41,101.80 200,558.05

Total Liabilities ........................... $ 6,774,063.53

STATEMENT

Showing condition at the close of business December 31, 1953, of

SOUTHERN SAVINGS BANK Atlanta, Ga.

As called for by the Superintendent of Banks.

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

MRS. MARY FULLINGTON, Cashier.
Began Business: 1-1-1935

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

46,246.69 None None None None
1,151,357.45 13,523.27 None
3,504.30 None 751.26

Total Asset.l! ................................ $ 1,215,382.97

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

847,000.00 None None
None None
None 8,599.72
None None 100,000.00 20,000.00 118,216.37 121,566.88

Total Liabilities .............................. $ 1,215,382.97

16

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

SOUTH SIDE ATLANTA BANK Atlanta, Ga.

As called for by the SuP'<!rintendent 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-
eluding reserve balances, and cash items in proceBB of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga~i?~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 indirectly representing bank premiaea
or other real estate.......................... Customers' liability to this bank on
acceptances outstanding.................. Other assets ..........................................

792,613.60 1,865,334.35
162,936.41 None None
1,666,024.03 66,607,46 None
None None 1,601.06

Total Assets ................................ $ 4,555,116.91

LIABILITIES Demand deposits .................................. $ Time Deposits .................................... Deposits of U. S. Government............ Dep'!si_~ of States and political
SUbdJVlSlODS ......
Deposits of banks ................................ Other deposits {certified and oft\-
cers' checks, etc.) ............................
Bills payable --------------------------Acceptances executed by or for
account of thla bank and outstanding .............................................. Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided proftis ................................ Reserves ................................................

2,104,386.99 1,856,604.22
119,315.67
79,000.00 27,337.65
51,855.48 None
None 41,259.69 100,000.00 100,000.00 75,357.21
None

Total Liabilities ............................ $ 4,555,116.91

STATEMENT

Showing condition at the close of business December 31, 1953, 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

STEVE H. BOMAR, Vice-President & Treasurer
Began Business: 11-8-1891

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

41,793,839.14 44,280,910.18 12,678,455.75
494,491.03 300,000.00 67,429,839.89 1,811,016.85
None
None None 970,403.31

Total Assets .................................. $169,758,956.15

LIABILITIES

Demand deposits .................................. $ 99,942,494.40

Time deposits ........................................ 7,099,209.48

Deposits of U. S. Government.......... 5,603,809.89

Deposi~- _of States and political

subdlVlSlOnS ...................................... 12,638,820.07

Deposits of banks ................................ 25,242,957.84

Other deposits (certified anol oft\-

cers' checks, etc.)............................ 3,539,775.18

Bills payable...........................................

None

Acceptances executed by or for

account of this bank and out-

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

None

Other liabilities .................................... 2,068,857.88

Capital .................................................... 4,000,000.00

Surplus .................................................... 6,000,000.00

Undivided profits ................................ 2,421,626.58

Reserves ................................................ 1,201,404.83

Total Liabilities .......................... $169,758,956.15

THIRTY-FOURTH ANNUAL REPORT

17

Showing condition at the close of business December 31, 1953, 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

eluding reserve balances, and cash

items in process of collection........ 10,303.717.68

United States Government obliga-

tions, direct and guaranteed........ 7,520,867.48

Obliga!i'?n. of States and political

subdivisions ........................................ 3,914,544.37

Other bonds, notes, and debentures..

87,956.70

Corporate stocks (including stock of

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

67,500.00

Loans and discount (including

overdrafts) ........................................ 24,581,068.66

Bank premises owned, furniture and

fixtures ................................................

689,386.00

Real estate owned other than bank

preJllises ............................................ 121,903.06

Investments and other assets Indi-

rectly representing bank premi1es

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

None

Customers' liability to this bank on

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

None

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

175,207.34

Total Assets ................................ $ 47,462,151.29

LIABILITIES

Demand deposits ................................ $ 24,361,723.64

Time deposits ........................................ 10,457,803.65

Deposits of U. S. Government............ 1,698,231.00

Deposl!"..of States and political

BUbdivlSlODS .....................

3,Q84. 7 7 3 . 6 3

Deposits of banks ................................ 4,380,088.45

Other deposits (certified and offi

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

197,761.34

Bills payabl~ --------- Acceptances executed by or for

None

aceount of this bank and out-

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

None

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

671,656.90

Capital --------------- 1,000,000.00 Surplus .................................................... 1,500,000.00

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

110,112.68

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

None

Total Liabilities ........................... $ 47,462,151.29

STATEMENT

S'howing condition at the close of business December 31, 19,53, of
REALTY SAVINGS BANK Augusta, Ga.
As called for by the Superintendent ol Banks.

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

E. J. O'TYSON, Cashier.
Began Business: 12-23-1933

ASSETS Cash. balances with other banks, In-
cluding reserve balances, and cash items in process of collection........ $ United States Government obliga. tions, direct and guaranteed..........
Obliga!i'?n.s of States and political subdlVlOIOnS ........................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal 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 ..........................................

672,307.06 790,765.64 587,157.09
None None 4,747,239.87 25,098.90 3,207.27
None None 9,786.63

Total Assets ...................................... $ 6,835,562.46

LIABILITIES
Demand deposits...------- $ Time deposits ........................................ Deposits of U. S. Government............ Depos~ts. . of States and political
subdtVISIOnB ........................................
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 ..................................................

None 5,999,971.60
8,265.97
None 5,000.00
None None
None 41,112.15 200,000.00 200,000.00 40,414.75 340,797.99

Total Liabilities .......................... $ 6,835,562.46

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

AUSTELL BANK Austell, Ga.

As called for by the Superintendent of Banks.

J. G. LUNDY
President. Date of Charter: 1-3-1910

J. G. LUNDY Cashier.
Began Business: 1-10-1910

ASSETS

Cash. balances with other banks, in-

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

United States Government obliga-

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

Obliga~i?n.s of States and political

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 owne<i other than bank

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

Investments and other assets indi

rectly repre1;enting bank premises

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

Customers' liability to this bank on

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

Other assets

751,529.49 1,002,910.00
24,649.89 None None
571,178.42 31,809.61 None
None None None

Total Assets .................................... $ 2,382,077.41

LIABILITIES
~f:eand~p~~}~si~-~-----~~----~~~----~~~~~~----~~~~~~~----~~----~~~ $
Deposits of U. S. Government............ Deposits. _of States and political
subdiVISIOnS ........................................
Deposits of banks -------..- --------------Other deposits (certified and offiBicllesrspaycahbelcek_s."_____e__t_c__._)_____._......_._.._._._.._._._.._._.._._._.._._.._..
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities ....................................
Capital --..--------..--------------------------Surplus .........................._......................... Undivided profits ................................ Reserves -------------- ---------------------- --------

1,598,181.64 572,985.22 4,533.94
48,083.37 None
19,614.36 None
None 4,000.00 50,000.00 50,000.00 34,678.88
None

Total Liabilities ............................ $ 2,382,077.41

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK OF DEKALB Avondale Estates, Georgia

As called for by the Superintendent of Banks.

WALTER H. SCOTT, President.
Date of Charter: 11-16-1948

H. R. NORTON, Cashier.
Began Business: 8-18-1949

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<?~s of State and political subdiVISIOnS ........................................ Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) __...._____...._
Loans and discounts (including overdrafts) ........................................
Bank premises owned, furniture and fixtures ..............................................
Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi
rectly representing bank premises
or other real estate -----------------------Customers' liability to this bank on
acceptances outstanding ---------Other assets............................................

507,547.64 953,088.79
68,415.53 None None
750,133.12 52,249.83 None
None None 20,527.39

Total Assets .................................. $ 2,351,962.30

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

Time deposits ----- Deposits of U. S. Government..........
Deposi!s. ?f States and political
subdiVISIOnS .................................... Deposits of banks ................................

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

Bills payable -----..------..-..-----..-----..Acceptances executed by or for ac-
count of this bank and outstanding Other liabilities ....................................

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

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

Undivided profits

...................... _

Reserves ....

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

1,295,691.56 580,418.76 67,331.94
235,558.22 None
21,104.89 None
None 13,077.30 50,000.00 50,000.00 28,031.50 10,7 48.13

Total Liabilities .......................... $ 2,351,962.30

THIRTY-FOURTH ANNUAL REPORT

19

STATEMENT

S'howing condition at the close of business December 31, 1953, 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........ S
United States Government obligations, direct and guaranteed........
Obliga~i?~S of States and political subd1v1s10ns ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................. Loans and discounts (including
overdrafts) ........................................
Bank premises owned, furniture and fixtures ................................................
Real estate owned other than bank premises ..............................................
Investments and other assets indi-
rectly representing bank premises or other real estate..........................
Customers' liability to this bank on acceptances outstanding..................
Other assets ..........................................

1,824,573. 77 2,043,768.32
7,000.00 None
7,050.00 1,159,689. 77
31,052.50 None
None None 9,668.30

Total Assets .................................. $ 5,082,802.66

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

2,969,234.91 954,354.39 68,782.54
637,871.22 165,329.10
10,617.62 None
None 14,508.13 100,000.00 135,000.00 27,104.75
None

Total Liabilities ............................ $ 5,082,802.66

STATEMENT S'howing condition at the close of business December 3:1, 1953, of
CITIZENS BANK Ball Ground, Ga. As called for by the Superintendent of Banks.

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

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

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

200,656.07 772,620.32
17,000.00 None None
324,947.88 4,200.00 4,100.00
None None None

Total Assets .................................. $ 1,323,524.27

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

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

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

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

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

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

952,317.16 None
42,053.28
170,648.64 None
1,049.50 None
None 3,500.00 15,000.00 35,000.00 101,4.55.69 2,500.00

Total Liabilities ............................ $ 1,323,524.27

20

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BAXLEY STATE BANK Baxley, Ga.

As called for by the Superintendent of Banks.

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

E. 0. BRANCH, Cashier.
Began Business: 8-25-1917

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'?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 ..........................................

275,821.49 1,271,414.32
72,516.11 None None
630,216.92 56,993.05 None
None None None

Total Assets.................................. $ 2,306,961.89

LIABILITIES
Demand deposits ----------.. $ Time deposits ----------- Deposits of U. S. Government............ Deposi~..of States and political
subdlVlSlODS ........................
Deposits of banks --------Other deposits (certified and offiBilclesrps'aycahbelcek_s_, _e_t_c_.)__.._.._.._.._.._..._.._.._.._..._.._....
Acceptances executed hy or for account of this bank and out-
standing ----- Other liabilities -------------- Capital -------------------------------Surplus ---------------------------------Undivided profits ------------------------Reserves -----------------

1,563,511.07 328,371.76 5,483.36
202,131.36 None
4,676.94 None
None 7,650.50 76,000.00 60,000.00 46,016.93 24,121.00

Total Liabilities -------------- $ 2,306,961.89

STATEMENT

Showing condition at the close of business December 31, 19,53, of

THE BLACKSHEAR BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

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

H. M. MOODY, Cashier.
Began Business: 7-7-1892

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

634,414.67 829,500.00
8,000.00 34,850.00 4,600.00 997,259.86 64,991.92
None
None None None

Total Assets .................................. $ 2,473,516.45

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~. .of States and political
subdtVlSJOnS ...................................
Deposits of banks.................................. Other deposits (certified and offi-
BiJcles rps 'a ycahbelcek_s__, __e__t_c_._)___-___-_-_-_-____________-_-_
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities --------------- Capital ---------------------------------Surplus --------------------Undivided profits --------------Reserves -------~---------------------------

1,172,901. 77 749,390.50 28,446.63
145,079.15 87,090.70
7,188.90 None
None 1,334.13 60,000.01 100,000.00 132,084.77
None

Total Liabilities --------------------- $ 2,473,616.46

THIRTY-FOURTH ANNUAL REPORT

21

STATEMENT

Showing condition at the close of business December 31, 1953, of

PEOPLES BANK Blackshear, Ga.

As called for by the Superintendent of Banks.

ALVIN M. RATLIFF, President.
Date of Charter: 8-1-1946

J. A. McDUFFIE, Cashier.
Began Business: 8-5-1946

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

184,317.04 668,458.42 57,496.01
None None 615,168.71 31,623.26 None
None None 226.91

Total Assets .................................. $ 1,557,290.35

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government............ Deposits_ .of States and political D espuobsdittvs t sotfo nbsa n..k..s.._._.._._.._.._._.._._.._._.._._.._._.._._.._._.._._.._. .
Other deposits (certified and offi Bilclesrps'aycahbeleek_s_, _e_tc_._) _._..._.._..._.._..._.._.._..._.._..._..
Acceptances executed b:r or for account of this bank and out-
Otshtearndliinabgilities.................-.....................
Capital ----------------Surplus ----------------------Undivided profits ................................
Reserves ---------------------------

841,153.00 4'26;685.57
25,308.29
85,722.56 None
1,580.52 NoH
None None 50,000.00 60,000.00 76,840.41 None

Total Liabilities .......................... $ 1,557,290.35

STATEMENT

Showing condition at the close of business December 31, 1953, of

UNION COUNTY BANK

Blairsville, Ga.

As called for by the Superintendent of Banks

E. S. DOCK:ERY President.
Date of Charter: 2-18-1949

CATHERINE D. JARRETT Cashier.
Began Business: 3-1-1950

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash

items in process of collection....____ $ 203,345.32

United States Government obliga-

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

349,629.69

subdtVlSIODS ---------------------------
0ther bonds, notes, and debentures..
Corporate stocks (including stock of

None None

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

None

Loans and discounts (I n c I u d i n g

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

208,713.86

Bank premises owned, furniture and

fixtures ................................................

5,160.00

Real estate owned other than bank

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

None

rectly representing bank premises

or other real estate --------------------Customer's liability to this bank on

None

acceptances outstanding ----

None

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

292.00

Total Assets .................................. $ 767,040.87

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

387,101.70 222,167.54
1,950.26
94,351.88 6,383.81
1,663.72 None
None 1,000.00 25,000.00 22,600.00 1,949.31 2,972.65

Total Liabilities ............................ $ 767,040.87

22

DEPARTMENT OF BANKING

STATEMENT

S'howing condition at the close of business December 31, 1953, of

BANK OF EARLY Blakely, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, In-
cluding reserve balances, and cash items in prOCSs of collection........ $ United States Government obliga tions, direct and guaranteed ........ Obliga!u?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 ..........................................

404,164.48 704,174.38
15,639.15 None None
648,034.98 23,015.00
None
None None 634.60

Total Assets ................................. $ 1,795,662.59

LIABILITIES Demand deposits .................................. $
Time deposits ------- Deposits of U. S. Government ........ Deposits..of States and political
SU'bd.lVISlOnS ......................
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 --------------------------------------

969,417.44 300,791.57
43,628.18
359,037.50 10,000.00
6,929.00 None
None 700.00 80,000.00 50,000.00 25,158.90 None

Total Liabilities ............................ $ 1,795,662.59

STATEMENT

Showing condition at the close of business December 31, 1953, of

FIRST STATE BANK OF BLAKELY Blakely, Ga.

As called for by the Superintendent of Banks.

S. G. MADDOX, President.
Date of Charter: 5-6-1937

R. H. STUCKEY, Cashier.
Began Business: 5-15-1937

ASSETS Cash, balances with other banks, ln
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
subd1vls1ons -----------------------------Other bonds, notes, and debentures..
Corporate stocks (including stock of Federal 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' liabllity to this bank on
acceptances outstanding.................. Other assets ............................................

1,265,661.25 299,214.22 None None None
1,760,444.04 13,310.80 None
None None
1.00

Total Assets .................................. $ 3,338,631.31

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

1,966,862.34 718,874.42 4,000.65
328,268.67 None
16,842.27 None
None 12,158.84 50,000.00 100,000.00 131,124.12 10,500.00

Tots! Liabilities ............................ $ 3,338,631.31

THIRTY-FOURTH ANNUAL REPORT

23

STATEMENT

Showing condition at the close of business December 31, 1953, of

FANNIN COUNTY BANK Blue Ridge, Ga.

As called for by the Superintendent of Banks.

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

BETTY RALSTON, Cashier.
Began Business: 6-6-1916

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
8UbdiV1810DS ......................................
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............................................

740,501.59 762,152.96 185,162.12
10,000.0J None
514,123.80 4,001.00 1.00
None None None

Total Assets -------------- $ 2,215,942.47

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 --------

1,001,870.06 887,197.92 35,098.68
120,509.04 None
2,974.41 None
None 40.16 50,000.00 60,000.00 68,252.20 None

Total Liabilities ----------------- $ 2,215,942.47

STATEMENT

S'howing condition at the close of business December 31, 1953, of

PEOPLES BANKING COMPANY Boston, Ga.

As called for by the Superintendent of Banks.

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

MARY R. LEAK, Cashier.
Began Business: 4-1-1947

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection........ $
United States Government obligations, direct and guaranteed..........
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 (includin~r
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. Investments and other assets Indi-
rectly representing bank premises
or other real estate.......................... Customers' liability to thi bank on
acceptances outstanding..................
Other assets ........................................

190,606.63 67,000.00 None None None
121,478.72 3,607.24 None
None None None

Total Assets ...................................... $ 382,692.59

LIABILITIES Demand deposits .................................. $ Time deposits ---Deposits of U. S. Government______ Deposits of States and political
subdivisions ........................................ Deposits of banks _________________________
Other deposits (certified and offiBicllesrsp'aychabeclek_s_,___e_t_c__._)__-_-_-__-_-__-_-_-__-_-_-__-_-__-_-_-__-_-
Acceptances executed by or for account of this bank and outstanding --------------------
Other liabilities......................................
Capital --------------------------------Surplus -----------------------------------------Undivided profits ................................ Reserves -----------------

263,787.14 5!,446.92 None
27,913.37 None
None None
None None 25,000.00 6,000.00 9,546.16 None

Total Liabilities -------- $ 382,692.69

24

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business Decem.ber 31, 1953, of THE COMMERCIAL BANK Bowdon, Ga.

As called for by the Superintendent of Banks.

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

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

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

649,992.20 932,823.13
8,800.00 None None
339,351.72 2,600.00 None
None None None

Total Assets .................................. $ 1,933,567.05

LIABILITIES
~i::nd~~,rlr.'si~--:.::.::::.:.:.:::..::..:::.:.... $
Deposits of U. S. Government............ Deposi~- _of States and political
DespuobdsliVtalSolOf DbSan.k..s_._._.._._.._._.._.._._.._._.._._.._.._._.._._._._._..
Other deposita (certified and offi. cers' checks, etc) ............................
Bills payable~------------------------------- Acceptances executed by or for ac
count of this bank and out-
standing -----------------------Other liabilities ......................................
Capital ---------------------------Surplus --------------------------Undivided profits ................................
Reserves ..............................................

1,617,942.58 16,214.90 2,505.32
71,540.22 None
1,691. 70 None
None None 26,000.00 50,000.00 140,000.00 8,672.33

Total Liabilities ............................ $ 1,933,567.05

STATEMENT

Showing condition at the close of business Decem1ber 31, 19,53, of

BRASELTON BANKING COMPANY Braselton, Ga.

As called for by the Superintendent of Banks

W. H. BRASELTON President.
Date of Charter: 12-13-1948

JOHN 0. BRASELTON, JR. Cashier.
Began Business: 12-18-1948

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection........ $ 73,622.80

United States Government obliga-

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

331,066.47

Obliga~i~n." of States and political

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

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts ( inc I u ding

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

169,868.29

Bank premises owned, furniture and

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

1,129.10

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

290.11

Total Assets .................................. $ 676,976.77

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

471,219.57 10,156.21 None
None None
43.31 None
None None 25,000.00 60,000.00 19,557.68 None

Total Liabilities ............................ $ 575,976.77

THIRTY-FOURTH ANNUAL REPORT

25

STATEMENT

Showing condition at the close of business December 31, 1953, of

COMMERCIAL & EXCHANGE BANK Bremen, Georgia

As called for by the Superintendent of Banks.

J. J. MANGHAM, SR., President.
Date of Charter: 1-18-1949

H. M. WOODS, Cashier.
Began Business: 2-1-1949

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~ of State and political
SUbdiVlSIODS ..............................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ------------Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ------- Real estate owned other than bank
premises ----------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate ------------------Customers' liability to this bank on
acceptances outstanding --------------
Other assets -----------------------

1,438,761.08 920,218.75 24,000.00 None None 639,649.62 9,127.74 None
None None None

Total Assets .................................. $ 3,031,757.19

LIABILITIES Demand deposits ................................ $ Time de:posits ........................................ Deposits of U.S. Government............ Deposl!>'..of States and political
su'bdtvtSions ........................................ Deposits of banks ................................ Other deposits (certified and offi-
BiiJ:s~a~~hl~s---~~~:2_::.~~-:::~::::~~--~~=-
Acceptances executed by or for ac.. counts of this bank and outstand
ing --------------------------------------Other liabilities ---- Capital ----------------------Surplus .................................................... Undivided profits ................................
Reserves ------------------------------

2,185,762.18 436,203.71 129,826.96
70,031.76 3,736.01
7,239.71 None
None 12,000.00 60,000.00 100,000.00 36,956.86
None

Total Liabilities .......................... $ 3,031,757.19

STATEMENT

Showing condition at the close of business December 31, 1953, of

FARMERS & MERCHANTS BANK Brooklet, Ga.

As called for by the Superintendent of Banks

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

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

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

188,023.05 125,000.00
None None None 512,669.57 3,_357.91 None
None None None 829,050.53

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s. _of States and political
subdiVlSlOUS ........................................ Deposits of banks -----------------Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable....--------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliinabgil-i-t-i--e-s--.-.-_-_-_-_-_-_-_-_-_-_-_-_-__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Capital -------------------------------------------
Surplus -- Undivided profits ................................ Reserves ..................................................

598,202.78 158,260.01
None
1,438.17 None
3,588.75 None
None None 25,000.00 25,000.00 9,560.82 8,000.00

Total Liabilities ............................ $ 829,050.53

26

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

HARALSON COUNTY BANK Buchanan, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga!i'?n~ of States and political
subdtVlSIODS .......................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank\ .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
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 ................................. $

834,335.37 392,000.00
11,717.00 None None
449,218.35 23,136.24 1.00
None None None 1,710,407.96

LIABILITIES
i~:nd'!,p~~f~si~."..."."."..".".".".:_-_-_:.:.".".:::::.".".".".".".:.".". $
Deposits of U. S. Government ........ Deposi!-'. _of States and political
subd1 VISIODS -------- Deposits of bankL..------- Other deposits (certified and offi-
cers' checks. etc.) ------Bills payable................--------Acceptances executed by or for ac-
count of this bank and outstanding _ ------------------------------------Other Liabilities ------ Cap ita! ----------------------------------
Surplus -------- Undivided profits ................................
Reserves ... --------------------

1,358,519.72 66,451.33 768.75
143,687.92 None
1,550.79 None
None 4,050.00 40,000.00 60,000.00 23,346.31 12,033.14

Total Liabilities ---------- ... $ 1, 710,407.96

STATEMENT Showing condition at the close of business December 31, 1953, of
BUENA VISTA LOAN & SAVINGS BANK Buena Vista, Ga.
As called for by the Superintendent of Banks.

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

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

ASSETS Cash, balances with other banks, In-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Ob!iga!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 asset-----------------------------------------

257.957.80 310,000.00 124,659.61
None None 602,480.40
2.00 1.00
None None None

Total Assets ................................ $ 1,295,100.81

LIABILITIES

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

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

Deposi!B. _of States and political

subdtvlstons ........................................

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 __________

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

726,045.25 58,020.55 5,620.50
349,228.49 None
2,161.33 None
None None 30,000.00 60,000.00 4,024.69 60,000.00

Total Liabilities ............................ $ 1,295,100.81

THIRTY-FOURTH ANNUAL REPORT

27

STATEMENT

Showing condition at the close of business December 31, 1953, of

BUFORD COMMERCIAL BANK Buford, Ga.

As called for by the Superintendent of Banks.

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

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

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

338,066.16 1,212,316. 70
3'1,572.35 None None
348,363.24 15,204.67 None
None None 1,244.00

Total Assets ................................ $ 1,952,767.12

LIABILITIES Demand deposits .................................. $ Time deposits ...................................... Deposits of U. S. Government.......... Deposi~s. .of States and political
subd.1V1S1ons ........................................ Deposits of banks....--- Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable....---- Acceptances executed by or for ac-
count of this bank and out-
standing ------------------------Other liabilities ....................................
Capital --------Surplus ------------Undivided profits ................................ Reserves ..................................................

1,058, 708.24 267,125.22 82,869.93
420,692.26 None
300.00 None
Nonb None 60,000.00 25,000.00 39,597.00 8,474.47

Total Liabilities .......................... $ 1,952,767.12

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS STATE BANK Butler, Ga.

As called for by the Superintendent of Banks.

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

MAESAL E. CHILDRES Cashier.
Began Business: 9-4-1926

ASSETS
Cash, balances with other banks, including reserve balances, and cash items in procese of collection........ $
United States Government obliga-
tions, direct and guaranteed ........ Obliga~i~n!' 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 ............................................

667,768.54 905,000.00
None None None 58,719.37
1.00 3,150.00
None None None

Total Assets .................................. $ 1,634,638.91

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

1,207,941.42 None None
275,646.96 None
1,926.16 None
None 3.000.00 16,000.00 80,000.00 101,124.37
None

Total Liabilities .......................... $ 1,634,638.91

28

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF BYROMVILLE Byromville, Ga.

As called for by the Superintendent of Banks.

E. B. DAVIS, President.
Date of Charter: 7-19-1920

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 159,221.41

United States Government obliga-

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

75,000.00

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

SU'bdlVISlOOS .................

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (i n c I u d i n g

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

309,040.03

Bank premises o w n e d , furniture

and fixtures ........................................

200.00

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 - $ 543,461.44

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

407,002.24 35.162.98 None
28,542.17 None
4,872.78 None
None 2,000.00 30,000.00 10,000.00 25,881.27
None

Total Liabilities ............................ $ 543,461.44

STATEMENT

Showing condition at the close of business December 31, 1953, of

CAIRO BANKING COMPANY Cairo, Ga.

As called for by the Superintendent of Banks.

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

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

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection........ $ 1,439,780.45

United States Government obliga-

tions, direct and guaranteed........ 1,276,656.25

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

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

83,438.18

Other. bonds, notes. and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (i n c 1 u d i n g

overdrafts) ........................................ 1,772,587.26

Bank premises owned, furniture and

fixtures ................................................

23,000.00

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

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

None

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

3,000.00

Total Assets - $ 4,598,462.14

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government.......... Deposi~ . .of States and political
SUl>d.lVlSlODS ..........
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 ..................................................

2,039,367.74 1,358,715.03
90,333.29
886,102.25 9,000.00
7,774.77 None
None 9,000.00 75,000.00 60,000.00 63,169.06
None

Total Liabilities ............................ $ 4,598,462.14

THIRTY-FOURTH ANNUAL REPORT

29

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks.

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

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

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

1,069,852.52 651,600.00 37,355.31 None None
1,278,627.91 31,837.03 1.00
None None 2,671.48

Total Assets --------------------- $ 3,071,745.25

LIABILITIES Demand deposits ----------- $ Time deposits ---------------Deposits of U. S. Government--- Deposi~ . .of States and political
subdtVISIODS ....................................
Deposits of banks...-------- Other deposits (certified and offiBicllesrps'aycahbelcek_s_,___e_t_c__._)___._.._._._.._._._.._._._.._._.._._._.._._._.._..

Acceptances executed by or for ac count of this bank and out-

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

---

Other Liabilities ............_...................

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

1,910,962.87 676,987.66 66,832.49
164,460.80 69,217.48
889.20 None
None 3,000.00 60,000.00 100,000.00 8,230.31 42,174.66

Total Liabilities --------------- $ 3,071,746.26

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
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
subdiVJSlOllS ...............................
Other bonds, notes, and debentures_. Corporate stocks (including stock of
Federal Reserve 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 ------------------------------------

438,854.63 665,500.00
39,676.96 20,156.04
None 601,371.63
39,000.00 1.00
None None None

Total Assets --------------- $ 1,704,460.16

LIABILITIES Demand deposits ......_.....____________________ $ Time deposits ............._...._____________________ _
Deposits of U. S. Government........ Deposi~s ..of States and political
SUbdJV1810DS ..............................
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 -------------------

874,693.75 279,687.38
None
429,567.77 None
29,o7s.es 'None
None 173.00 60,000.00 26,000.00 5,186.61 11,177.67

Total Liabilities ---------------- $ 1,704,460.16

30

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of ,business December 31, 1953, 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-
cl1.Iding reserve balances, and cash
items in Process of collection........ $ United States Government obliga-
tions, direct and guaranteed........ Ob!iga~i?":s of States and political
subdiVIsiOns ........................................ Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank).................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures - Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate..................____
Customers' liability to this bank on acceptances outstanding~--------
Other assets ..........................................

796,431.15 276,000.00
None None None 1,501,595.37
22,50<1.0() None
None None 5,<100.<10

Total Assets .................................. $ 2,601,526.52

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government............ Deposi~. _of States and political
subdtVlSIOTIS ........................................
Deposits of banks ................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable..................--------------Acceptances executed by or for ac
sctoaunndtingof.....t.h...i.s......b_a__n_k___a_n__d___o_u_t_-
Other liabilities ...................................... Capital .........._ ...............______________
Surplus .................................................... Undivided profits ................................
Reserves -----

1,254,841.01 863,072.35 22,059.22
225,100.36 None
16,013.40 None
None None 50,000.00 12<1,000.0<1 26,914.11 23,526.07

Total Liabilities ........................:.. $ 2,6()1,526.52

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF CANTON Canton, Ga.

As called for by the Superintendent of Banks.

E. 0. McFATHER, President.
Date of Charter: 11-17-1892

L. L. McCANLESS, Cashier.
Began Business: 12-18-1892

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 841,811.10

United States Government obliga-

tions, direct and guaranteed........ 2,513,710.93

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

subdlVlSlOnS ......................................

324,784.02

Other bonds, notes and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ........................................ 1,375,6<11.35

Bank premises owned, furniture and

fixtures ..............................................

25,534.01

Real estate owned other than bank

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

2,477.50

Investments and other assets indi-

rectly representing bank premises

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

1,915.72

Customers' liability to this bank on

acceptances outstanding______

None

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

None

Total Assets .................................. $ 5,085,834.63

LIABILITIES Demand deposits ................- ................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi~s. .of States and political
subdlVlSlODS ...................................... Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) --- Bills payable....................................- .... Acceptances executed by or for ac
sctoaunndtingof.....t.h...i.s_ .._b_a_n_k__a_n_d___o_ut_-
Other liabilities .................................. Capital ........................................_ ...____
Surplus .................................................... Undivided profits ................................ Reserves ................................................

2,493,053.18 1,662, 780.32
133,772.()()
287,778.78 74,068.26
6,158.55 NoM
None 72,579.58 100,<1<10.00 150,000.00 66,400.96 39,243.00

Total Liabilities ............................ $ 5,<185,834.63

THIRTY-FOURTH ANNUAL REPORT

31

STATEMENT

Showing condition at the close of business December 31, 1953, of

ETOWAH BANK Canton, Ga.

As called for by the Superintendent of Banks.

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

N. E. FACKLER, 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 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.---------------------

851,284.50 1, 775,643.75
256,695.70 None None
1,640,277.20 21,739.92 None
None None None

Total Assets ------------ $ 4,545,641.07

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

2,103,817.81 1,802,851.32
93,576.76
234,605.18 36,545.09
196.27 None
None 8,080.00 100,000.00 150,000.00 16,018.64
None

Total Liabilities - ----- $ 4,545,641.07

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEOPLES BANK Carrollton, Ga.

As called for by the Superintendent of Banks.

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

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

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
subdtVISIOllS ----- Other bonds, notes, and debentures_. Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) ------- Bank premises owned. furniture and
fixtures ---------------- Real estate owned other than 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----..----------------

993,059.18 2,153,756.25
15,000.00 None None
1,151,820.30 16,001.00 None
None None None

Total Assets --------------- $ 4,329,636.73

LIABILITIES TDiemmeanddepdoespitoss_i_t_s____-_-__-_-__-_-_-_-_-_-_-__-____-_____--_- $
Deposits of U. S. Government...-Deposi!"'. _of States and political
SubdiVISIOns ----- Deposits of banks -----------------------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 --------------------------------Surplus ---------------------------------------------Undivided profits ----------- Reserves ------------

3,093,334.84 None
112,768.17
701,545.43 None
11,586.20 None
None None 100,000.00 100,000.00 50,188.-15 160,213.94

Total Liabilities -------- $ 4,329,636.73

32

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business Decem'ber 31, 1953, 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 Jash, 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
subdtvtstons ----------- Other bonds, notes, and debentures~ Corporate stocks (including stock of
Federal Reserve Bank) ~~--~ Loans and diseounts (including
overdrafts) .......... ~~--~~-~~~~~~-~~~~-~~ Bank premises owned, furniture and
fixtures ------------- Real estate owned other than bank
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 ...................~-~~~ $

288,336.40 882,502.89
52,866.14 None None
794,670.62 74,360.27 None
None None 7,672,76 2,100,409,08

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

Time deposits -------------------------------- Deposits of U. S. Government~~ Deposl~. .of States and political
subdlVlSlODS ........................................ Deposits of banks -------~-------------~- Other deposits (certified and offi-

cers' checks. etc.) ------------------------ Bills payable ~-----~~~--~~~---~~~~--~--~--~~-~-----~-~~~ Acceptances executed by or for
account of this bank and out-

standing ______ -----------------------------------

Other liabilities ... ~~~~~~~~

Cap ital ------~-~ -~ ~~~---~----~-~~---~----~-~~--~-----~~~~

Surplus

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

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

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

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

983,615.92 581,348.60
69,481.13
254,484.38 None
1,328.03 None
None 18,780.38 100,000.00 50,000.00 41,370.64
None

Total Liabilities ~~~~~~~~-~ $ 2,100,409.08

STATEMENT

Showing condition at the close of business December 31, 1953, 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, including reserve balances, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed.~~~~~
Obliga!i~n.s of States and political subdlVlSIOns .. ~~~~~~--~~~
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ~-~--~------~~--Loans and discounts (including
overdrafts) -~~~-~~~~~ Bank premises owned, furniture and
fixtures .............................~~~~~~~~ Real estate owned other than bank
premises ..............................................
Investments and other assets indi rectly representing bank premises or other real estate.-----~----~-------
Customers' liability to this bank on acceptances outstanding~------
Other assets............................................

360,581.7 5 1,051,399.00
42,795.16 None None
465,886.12 2,000.00 500.00
None None None

Total Assets ~ $ 1,923,162.03

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

1,037,546.88 401,412.35 53,141.31
305,069.35 None
3,950.98 None
None None 25,000.00 50,000.00 15,622.26 31,418.90

Total Liabilities ~~~~~~~~~ $ 1,923,162.03

THIRTY-FOURTH ANNUAL REPORT

33

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF CHICKAMAUGA Chickamauga, Ga.

As called for by the Superintendent of Banks.

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

N. COLLINS WRIGHT Cashier.
Began Busin~s: 5-10-1910

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection --- $ United States Government obliga tions, direct and guaranteed........ Obliga~i<?n.s of States and political subdlVlSIOns .......................... Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) -------------------Loans and discounts (including
overdrafts) ---------------------------------------8ank premises owned, furniture and
fixtures --------------- Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly represE'nting bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding________________
Other assets....---------------------------------------
Total Assets ---------------------------------- $

266,759.27 990,845.87
30,859.06 5,000.00 None
725,886.30 16,107.00 None
None None None 2,035,457.50

LIABILITIES Demand deposits ------------------------- __ $ TDiempoesidtsepoosfitsU.--S--.-Gove-r-n--m-ent______-__ Deposi~s __of States and political
DeSpUobsdiiVtsISolOfTbISanks___-__-_-_-_-___________-_-__-_-_-_-_______
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 ............

893,568.81 713,386.04 100,602.49
143,924.61 None
7,142.85 None
None 10,017.00 50,000.00 75,000.00 16,815.70 25,000.00

Total Liabilities ----------------------- $ 2,035,457.50

STATEMENT

Showing condition at the close of business December 31, 1953, 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
SUbdiVlSIOTIS ----------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) --------------------------------------Bank premises owned. furniture and
fixtures --------- Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding______________
Other assets ____________ -------------------

527,633.84 580,600.00
None None None 816,390.32 4,701.00
1.00
None None None

Total Assets ....

----------- $ 1,929,326.16

LIABILITIES
Demand deposits ---------------------------------- $ Time deposits -------------------- Deposits of U. S. Government............ Deposl~s __of States and political
subdiVISlOOS ...................................
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 -------------------------------------------------

1,04 7,817.55 332,083.74 3,928.75
373,466.80 Non
1,623.43 None
None 104.08 25,000.00 25,000.00 120,301.81 None

Total Liabilitis ---------- ------ $ 1,929,326.16

34

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of
HABERSHAM BANK Clarkesville, Ga.

As called for by the Superintendent of Banks.

W. F. HOLCOMB, President.
Date of Charter: 5-13-1904

W. W. DUNSON, Cashier.
Began Business: 5-1904

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ....____ $ United States Government oblightions, 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 (inc Iu ding
overdrafts) ........................................ Dank premises owned, furniture and
fixtures ------------- Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on
acceptances outstanding--------------Other assets ...................................

239,920.43 809,469.21
17,000.00 None None
707,966.73 16,272.63 None
None None 553.59

Total Assets .................................. $ 1,791,182.59

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi!s. _o! States and political
DespuobdsiiVtsISoIOf nbSanks___________-_-_-__..__________-_-__-__
Other deposits (certified and officers checks, etc.) ............................
Bills payable---------------------------------..--- Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i--e--s--__-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-.-.-_-_-_-_-_-_-_-_-__-_
Capital .................................................. .. Surplus .............................. Undivided profits ................................
Reserves --------------------------

983,834.60 550,123.37
17,197.89
69,343.20 None
7,239.64 None
None None 50,000.00 100,000.00 7,896.95 5,546.94

Total Liabilities ................... - $ 1,791,182.59

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CLAXTON BANK Claxton, Ga.

As called for by the Superintendent of Banks.

G. E. PERRY Exec. Vice President
Date of Charter: 2-24-1941

ROY STYLES Cashier
Began Business: 2-24-1941

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ______., $
United States Government obligations, direct and guaranteed........
Obliga!i<?n~ of States and political subd1v1s1ons ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ---------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate._______________________
Customers' liability to this bank on acceptances outstanding______________
Other assets............................................

147,902.48 284,426.49 216,229.01
None None 438,784.31 5,411.38 None
None None None

Total Assets .................................. $ 1,092,753.67

LIABILITIES Demand deposits ............................... $ Time deposits ------------------------- Deposits of U. S. Government.......... Deposi~s . .of States and political
DespubodsiiVtsISoIOf nbSan-k--s---........-.......___-_-____.._____-_Other deposits (certified and offi. 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 ---------------------------------------------

667,014.57 88,085.77 12,970.60
147,020.22 None
726.65 None
None None 50,000.00 60,000.00 66,935.86 None

Total Liabilities ............................... $ 1,092,753.67

THIRTY-FOURTH ANNUAL REPORT

35

STATEMENT

Showing condition at the close of business December 31, 1953, of

TIPPINS BANKING CO., INC. Claxton, Ga.

As called for by the Superintendent of Banks.

R. R. TIPPINS, JR., 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........ 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............................................

600,355.32 384,628.00
47,697.19 None None
340,302.23 5,693.78 None
None None None

Total Assets ................................ $ 1,378,676.52

LIABILITIES Demand deposits ................................ $
Time deposits ------------------------------------Deposits of U. S. Government........ Deposi?'. _of States and political
DeSpUobsdiltVs ISoIfOnbSan--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 ................................
Reserve ---------------------------------------------------

1,042,356.20 144,594.11 6,138.96
55,082.37 10,000.00
1,503.95 None
None None 25,000.00 50,000.00 37,172.77 6,828,16

Total Liabilities .......................... $ 1,378,676.52

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF CLAYTON Clayton, Ga.

As called for by the Superintendent of Banks.

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

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

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

654,332.84 704,000.00
11,500.00 None None
313,802.79 15,230.00
None
None None None

Total Assets ................................,. $ 1,698,865.63

LIABILITIES Demand deposits ................................ $ Time deposlts...-----------Deposits of U. S. Government.......... Deposi~s..of States and political
DeSpUobsd.iItVslS'olOfDSba-n-ks-.-.......-.-.....-.-....-.-.-..-.-.-.-.-.-.... Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable..------------Acceptances executed by or for ac-
count of this bank and out-
standing --------Other liabilities ....................................
Capital ------------Surplus .................................................... Undivided profits ................................
Reserves ----------------------------

1,334,741.91 None
11,773.20
192,056.92 None
6,435.62 None
None None 26,000.00 100,000.00 28,857.98 None

Total Liabilities ............................ $ 1,698,865.63

36

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business Th!cember 31, 1953, 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. C. NIXON Cashier.
Began Business: 7-1-1946

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
subdtVlSJODS -----
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises --------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate..................- .... Customers' liability to this bank on acceptances outstanding___________
Other assets............................................

166,921.29 324,860.16
72,954.67 None None
618,819.79 6,550.90 None
None None None

Total Assets .................................. $ 1,190,106.81

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

609,608.00 887,093.26
2,427.78
117,769.16 None
948.67 None
None None 36.000.00 50,000.00 87,260.06 None

Total Liabilities .......................... $ 1,190,106.81

STATEMENT

Showing condition at the close of business December 31, 1953, of

COOK BANKING CO. Cochran, Ga.

As called for by the Superintendent of Banks.

J. E. COOK, President.
Date of Charter: 4-24-1942

MRS. C. M. FULTON, Cashier.
Began Business: 7-1-1942

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.-..........._........_______

792,383.31 607,718.76
None None None 611,984.22 9,900.00 None
None None None

Total Assets .................................. $ 1,921,986.28

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' cheeks, etc.) ............................ Bills payable............................................ Acceptances executed by or for ac-
count of this bank and outstanding ..........--..........- ................... Other liabilities........-.....- ...- ...- ...-...... Capital .................................................... Surplus .................................................... Undivided profits .............................. .. Reserves ..................................................

899,641.62 353,580.44
31,979.32 471,049.48
27,905.82
648.94 None
None Nona 60,000.00 35,000.00 27,180.66 15,000.00

Total Liabilities ................................ $ 1,921,986.28

THIRTY-FOURTH ANNUAL REPORT

37

STATEMENT

Showing condition at the close of business December 31, 1953, 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

ELIZABETH FISHER TAYLOR, Cashier.
Began Business: 1-5-1922

ASSETS

Cash. balances with other banks. in-

cluding reserve balances, and cash

items in process of collection........ $ 455,448.66

United States Government obliga-

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

627,943.10

Obliga~i~n.s of States and political

SUbdlVlSlODS ..................................

115,925.83

Other bonds, notes, and debentures..

102,733.16

Corporate stocks (including stock of

Federal Reserve Bank)--

None

Loans and discounts (including

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

360,790.57

Bank premises owned, furniture and

fixtures ..............................................

4,001.00

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premises

or other real estate-----

None

<lllstomers' liability to this bank on

acceptanees outstanding________

None

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

None

Total Assets ................................ $ 1,666,842.32

LIABILITIES
~~::'d~p~~r::i~~--.-.:::.-.::_::.-.-.-.:.-_:::::.:_-.-_:::.:: $
Deposits of U. S. Government........ Deposi?' ..of States and political
subdtvJsJons ........................................ 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 ................................
Reserve --

889,669.31 408,768.76
13,614.50
226,354.73 None
1,882.43 None
None 12,552.07 50,000.00 45,000.00 10,000.52
9,000.00

Total Liabilities .......................... $ 1,666,842.32

STATEMENT

Showing condition at the close of business December 31, 1953, 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

JNO. L. McCAY, Cashier.
Began Business: 1-7-1946

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 331,030.22

United States Government obliga-

tions, dir<ct and guaranteed..........

736,078.13

Obliga~i~n.s of States and political

SUbdiVISIOns ......................................

6,030.37

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

851,228.59

Bank premises owned, furniture and

fixtures ..............................................

21,437.84

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

9,733.69

Total Assets .................................. $ 1,955,538.84

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

Time deposits -- Deposits of U. S. Government.......... Deposi?'. ,of States and political

subdiVISIOnS ................................

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

Other deposits (certified and offi-

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

Bills payable

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

Acceptances executed by or for

account of this bank and out-

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

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

1,053,711.73 582,540.45 8,110.10
141,676.26 19,513.54
None None
None 36,018.77 50,000.00 40,000.00 23,967.99
None

Total Liabilities ............................ $ 1,955,538.84

38

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
CITIZENS BANK Colquitt, Ga.
As called for by the Superintendent of Banks.

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

G. C. JINKS, JR., Cashier.
Began Business: 4-21-1924

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

544,033.30 1,050,378.44
6,800.00 None
3,600.00
1,156,426.37 None
1,500.00
None
None 1,926.90

Tots! Assets .................................. $ 2,764,665.01

LIABILITIES Demand deposits ................................ $
Time deposits -------------- Deposits of U. S. Government............ Depos!~s..of States and political
subdtvtstons ---------- Deposits of banks.................................. Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable.................................._________ Acceptances executed by or for
account of this bank and outstanding -------------------------------------Other liabilities .................................... Capital .................................................... Surp Ius ----------------------------------~-~~~~~~--- Undivided profits ................................ Reserves -----------------------------------------------

1,763,786.09 611,528.42 31,578.50
154,940.96 None
12,836.41 None
None 20,878.90 60,000.00 60,000.00 24,115.73 25,000.00

Total Liabilities .......................... $ 2,764,665.01

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ $ 10,985.985.95

United States Government obliga-

tions, direct and guaranteed ...... 8,780,323.56

Obltl:a!i~n.s of States and political

SUbdlVlSlOnS ........................................

906,921.80

Other bonds, notes and debentures..

24,500.00

Corporate stocks (including stock of

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

138,416.75

Loans and discounts (including overdrafts) ........................................ 13,499,298.46

Bank premises owned, furniture and fixtures ................................................

640,821.84

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

None

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

None

Customers' liability to this bank on

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

None 16,760.98

Total Assets .................................. $ 34,993,029.34

LIABILITIES

Demand deposits ................................ $ 18,791,097.74

Time deposits ........................................ 6,914,783.78

Deposits of U. S. Government.......... 1,670,355.50 Deposi~s. _of States and political

subdlVlSlODS ........................................ 3,359,748.68

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

655,599.31

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

135,378.64

Bills payable .......................----------

None

Acceptances executed by or for

account of this bank and out-

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

None

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

259,008.21

Capital ---------------------------- 1,000,000.00 Surplus .................................................... 1,500,000.00

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

707,057.48

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

None

Total Liabilities -

.... $ 34,993.029.34

THIRTY-FOURTH ANNUAL REPORT

39

STATEMENT

Showing condition at the close of business December 31, 1953, of

TRUST COMPANY OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks.

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

J. D. BOX, Vice-President.
Began Business: 1892

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

76,054.25 None
21,000.00 None
1,510.46 738,338.66 111,274.28
45,637.68
None None 2,627.43 996,442.76

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

None 408,765.90
None
None None
None None
None 8,609.85 100,000.00 200,000.00 164,709.02 114,357.99

Total Liabilities .......................... $ 996,442.76

STATEMENT Showing condition at the close of business December 31, 1953, of
MERCHANTS & FARMERS BANK Comer, Ga.
As called for by the Superintendent of Banks.

F. H. MENDENHALL President.
Date of Charter: 10-3-1935

R. G. CALLAWAY Cashier.
Began Business: 10-10-1935

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 219,324.01

United States Government obliga-

tions, direct and guaranteed ..

399,908.32

Obliga~i<;>~s of States and political subdiVIstons ........................................

4,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

270,285.62

Bank premises owned, furniture and

fixtures ----Real estate owned other than bank

6,944.42

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

102.70

Total Assets .................................. $ 900,565.07

LIABILITIES
~i::nd~~f~si~_s____:..:.:..::.:::..::..:. $
Deposits of U. S. Government............ Deposi~s. .of States and political
suhd1vts1ons ........................................ 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 --------------------------------------

633,873.24 96,311.53 11,766.84
95,667.73 None
1.270.57 None
None None 25,000.00 20,000.00 16,675.16 None

Total Liabilities ........

..... $ 900,565.07

40

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of 'business December 31, 1953, of
NORTHEASTERN BANKING COMPANY Commerce, Ga.
As called for 'by the Superintendent of Banks.

SAM HOOD, President.
Date of Charter: 825-1891

R. M. DAVISON, Cashier.
Began Business: 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~io_n~ of States and political
BUbdtVlBJODS --------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)Loans and discounts (including
overdrafts) - Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi...
rectly representing bank premises
or other real estate ----Customers' liability to this bank on
acceptances outstanding----------Other assets ........................................

688,058.55 63,000.00 None 7,000.00 2,250.00
794,809.02 23,643.51 None
None None 2,945.00

Total Assets .................................. $ 1,581,706.08

LIABILITIES
~=ngep~~ft~sits....::::::.".::::.:::::::::::::::::: $
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 ..................................................

1,207,94(.24 150,875.86 17,762.50
31,932.24 None
8,821.41 None
None None 60,000.00 26,000.00 79,033.87 10,336.00

Total Liabilities .......................... $ 1,581,706.08

STATEMENT

Showing condition at the close of business December 31, 1953, 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 BARKER, Cashier.
Began Business: 11-18-1903

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in p,rocess 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..............................................

162,973.41 125,000.00
7,403.85 30,000.00
None 55,966.81
220.15 1.00
None None None

Total Assets ................................-S--38-1-,-56-5-.2-2

LIABILITIES
Demand deposits - $ Time deposits ........................................ Deposits of U. S. Government............ Deposl~s. .of States and political
subdlVlSlODS ----
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 liabilities -------Capital ------------Surplus ................................................___ Undivided profits..................................
Reserves -----------------------------------

~73,363.47
18,287.82 420.00
45,315.20 None
318.48 None
None None 25,000.00 15,000.00 3,860.26 None

Total Liabilities ................................ $ 381,565.22

THIRTY-FOURTH ANNUAL REPORT

41

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks.

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

M. H. IVEY, Cashier.
Began Business: 6-1901

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

414,029.16 1,312,967.50
15,028.33 None None
687,864.16 8,659.00 None
None None None

Total Assets ------ $ 2,438,548.15

LIABILITIES Demand deposits ------ $ Time deposits --------------- Deposits of U. S. Government........ Deposi~s. _of States and political
subdtVlSIODS ........................................
Deposits of banks ----- Other deposits (certified and offiB i cl lesr ps 'a ycahbelcek_s_,___e_t_c__. _l_-_-_-__-_-__-____-___-_-_-_-_-__
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-__-_-_-_-_-_-_-__-_-_-_-_-___-_-_-_-_-_-_-_-_-_-_-
Capital .................................................... Surplus .................................................... Undivided profits ----- Reserves ------- -------------------------------------

1,608,968. 75 105,960.51 None-
453,414.86 56,500.20
2,2"20.00 None
None None 80,000.00 80,000.00 51,483.83 None

Total Liabilities ------- $ 2,438.548.15

STATEMENT

Showing condition at the close of business December 31, 1953, 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

JOHN W. PARKER Cashier.
Began Business: 11-20-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 242,0U0.22

United States Government obliga-

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

77,000.00

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

SubdlVlSlODS .....................................

None

Other bonds, notes, and debentures

5,000.00

Corporate stocks (including stock of

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

None

Loans and discounts (inc Iu ding

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

208,064.18

Bank premises owned, furniture and

fixtures ................................................

2,048.25

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)34,112.65

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

381,414.37 70,924.32 None
27,520.69 None
120.52 None
None 270.00 25,000.00 25,000.00 3,862.75 None

Total Liabilities .......................... $ 534.112.65

42

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
CORDELE BANKING COMPANY Cordele, Ga.
As called for by the Superintendent of Banks.

L. B. MADDOX President.
Date of Charter: 5-31-1927

R. M. FLEEMAN 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 obliga-
tions, direct and guaranteed ------Obliga!i~n.s of States and political
BUbdtVlSlOOS -------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)---Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises ---------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding_ _ __
Other assets ..........................................

1,167,461.50 1,000,000.00
None None None 957,910.82 7,500.00 20,000.00
None None None

Total Assets .................................. $ 3,162,872.32

LIABILITIES TDiemmeanddepdoespitoss_i_t_s___._.._._.._._.._._.._._.._.._._.._._.._._.._._.._._.. $
Deposits of U. S. Government.......... Deposi~. _of States and political
subdivtsJons ........................................
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 --------------------

2,856,407. 76 None
5,842.43
103,897.46 None
9,370.86 None
None None 50,000.00 50,000.00 77,363.81 None

Total Liabilities --- $ 3,152,872.32

STATEMENT

Showing condition at the close of business December 31, 1953, of

FIRST STATE BANK IN CORDELE Cordele, Ga.

As called for by the Superintendent of Banks.

J. B. DOWNS, President.
Date of Charter: 12-3-1938

C. C. SHEARER, Cashier.
Began Business: 8-9-1934

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

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

United States Government 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 -

1,214,268.12 1,383,885.00
51,892.99 None None
795,260.95 30,003.48 None
None None None

Total Assets ---------- $ 3,475,810.54

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

Time deposits -- Deposits of U. S. Government -Deposi~. .of States and political

SUbdiVISIOnS .......................................

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

Bills payable----------------------Acceptances executed by or for
account of this bank and outstanding ..............................................

Other liabilities ----

Capital ---

Surplus ----

Undivided profits -----

Reserves

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

2,459,757.34 405,144.22 38,659.13
194,964.88 122,166.51
16,828.99 None
None None 50,000.00 50,000.00 117,385.65 20,403.82

Total Liabilities --- $ 3,475,310.54

THIRTY-FOURTH ANNUAL REPORT

43

STATEMENT

Showing condition at the close of business December 31, 1953, of
CORNELIA BANK Cornelia, Ga.

As called for by the Superintendent of Banks.

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

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

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

684,326.17 1,617,004.29
44,575.02 None None
950,119.37 19,965.46 4.00
None None 1,139.53

Total Assets.................................... $ 3,317,133.84

LIABILITIES
~i:.:'ngep~~f~i~----::.-_:::_-_::::::::::_:::-_::::::: $
Deposits of U. S. Government.......... Deposi~s. .of States and political
SUbdiVlSIODS ...........................
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 ---------------------------------

1, 750,038.31 856,752.82 99,780.27
265,037.65 58,269.77
22,264.84 None
None 6,037.23 75,000.00 100,000.00 83,952.95
None

Total Liabilities --------- $ 3,317,133.84

STATEMENT

Showing condition at the close of business December 31, 1953, 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.
B~gan Business: 4-10-1901

ASSET$ 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_____________________

939,964.10 2,099,447.63
306,986.62 None None
1,539,695. 75 3,106.22 None
None None None

Total Assets ----------------- $ 4,889,200.32

LIABILITIES
Demand deposits -------TDiempoesitdsepoof sUits. S.-G-o--v-e--r-nmen-t_--_-__________ Deposi~ . .of States and political
subdlV1810DS ........................................ 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 ----------

3,583,831.24 248,084.41 57,823.78
383,622.14 None
3,176.51 None
None 76,635.97 11'0,000.00 200,000.00 136,026.27 100,000.00

Total Liabilities -------- $ 4,889,200.32

44

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of ibusiness Decemiber 31, 1953, of
THE COMMERCIAL BANK Crawford, Ga.
As called for iby the Superintendent of Banks.

E. H. FURCRON 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________ $
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 ----------------------

383,029.46 346,278.14
None None None 374,645.22 5,000.00 None
None None 777.60

Total Assets ----- $ 1,109,730.42

LIABILITIES
~;::nd~~r~si~-~---:.::.::::::::_::::::::::_-__::::::: $
Deposits of U. S. Government.......... Deposl~s. _of States and political
subdtv1s1ons ........................................ 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 ---------------------------------

721,512.33 221,668.74
6,490.96
65,950.88 None
1,555.06 None
None None 30,000.00 60,000.00 2,552.45 None

Total Liabilities ............................ $ 1,109,730.42

STATEMENT

Showing condition at the close of ibusiness December 31, 1953, of

THE PEOPLES BANK Crawfordville, Ga.

As called for by the Superintendent of Banks

G. E. WILLIAMS, SR. President.
Date of Charter: 11-24-1947

E. WINSTON REYNOLDS 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.......... 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 indi-
rectly representing bank premises or other real estate ----------------- _______ Customers' liability to this bank on acceptances outstanding-~~-------------Other assets.............___________________________ _
Total Assets -"'-- $

290,167.04 234,440.65
None None None 270,745.18 1,356.16 None
None None None 796,709.03

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

408,646.06 276,537.46
None
55,000.00 None
3,122.41 None
None None 25,000.00 25,000.00 3,403.10 None

Total Liabilities ------------ $ 796,709.03

THIRTY-FOURTH ANNUAL REPORT

45

STATEMENT

Showing condition at the close of !business Decemlber 31, 1953, of

BANK OF CUMMING Cumming, Ga.

As called for by the Superintendent of Banks.

ROY P. OTWELL, President.
Date of Charter: 10-11-1904

PAUL H. WORLEY, 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........ 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 ..........................................

966,988.97 477,000.00
49,635.08 None None
734,997.25 9,421. 77 None
None None 10,692.15

Tots! Assets ................................ $ 2,248,735.22

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

1,657 ,108. 76 338,364.19 2,738.68 143,047.22 None 15,716.96 None
None None 60,000.00 100,000.00 41,770.42 None

Tots! Liabilities ............................ $ 2,248,736.22

STATEMENT

Showing condition at the close of !business December 31, 1953, of

CITIZENS BANK Cuthbert, Ga.

As called for by the Superintendent of Banks.

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

A. M. POINDEXTER, Cashier.
Began Business: 3-1-1938

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

626,299.54 606,412.65
22,702.44 None None
729,688.06 7,785.86 None
None None None

Total Assets .................................. $ 1,991,788.45

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

Time deposits ......................................

o! Deposits of
Deposi~s.

U. S. States

Government.......... 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

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

1,567,217.30 41,620.81 31,107.81 125,880.49 None 21,013.00 None
None None 25,000.00 26,000.00 165,049.04 10,000.00

Total Liabilities ............................ $ 1,991,788.46

46

DEPARTME NT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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
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 -----------------------------------

325,983.52 525,000.00
10,000.00 None None
450,531.25 2.00
None
None None None

Total Assets ----------------------------------$ 1,311,516.77

LIABILITIES DTiemmeanddepdoespiotssi.ts_-_-_--_--_-_--_--_-_--_--_-_--_--_--_-_--_--_-_--_--_--_--$
Deposits of U. S. Government.......... Deposi~- _of States and political
suhdlvistons ........................................ Deposits of banks _________________________
Other deposits (certified and officers' checks. etc.) ............................
Bills payable ------------------------------Acceptances executed by or for
account of this bank and outstanding ------------------------------------Other liabilities ---------------------------------Capital --------------------------------Surplus ----- ---------------------------------------------Undivided profits -------------------Reserves -----------------------------------------------

836,744.75 None
16,750.70
328,316.43 None
819.16 None
None None 25,000.00 50,000.00 53,885.73 .None

Total Liabilities --------------------------$ 1,311,516.77

STATEMENT

Showing condition at the close of business December 31, 1953, 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

MARGARET MAULDIN, Cashier.
Began Business: 10-12-1912

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

1,398,881.12 707,162.26 None None None
1,248,382.52 35,857.91 None
None None None

Total Assets ---------------------------------- $ 3,390,283.81

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

1,812,251.17 672,876.26 86,898.00
488,574.83 35,000.00
3,617.78 None
None 3,020.00 50,000.00 200,000.00 13,045.77 25,000.00

Total Liabilities ---------------------------- $ 3,390,283.81

THIRTY-FOURTH ANNUAL RE.PORT

47

STATEMENT

Showing condition at the close of business December 31, 1953, 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

C. F. KREISCHER, Cashier.
Began Business: 2-20-1922

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

1,444, 727.7 4 1,369,282.02
L28,898.21 6,000.00
36,937.54 2,293,176.86
49,601.28
None
None None None

Total Assets ................................ $ 5,327,623.65

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-
Bicllesrps'aycahbelcek_s__,__e__t_c__._)____-_--_-_-_-_-_-_-_-_-_-__-_-_-_-_--_-_-_-_-_---
Acceptances executed by or for account of this bank and outstanding ---------------------------------------
Other liabilities ------- Capital -----------------------------------------Surplus -----------Undivided profits _.............................. Reserves -----------------------------------------

3,123,603.52 1,417,471.47
108,790.00
194,641.59 None
1,672.83 None
None 15,000.00 100,000.00 300,000.00 66,444.24
None

Total Liabilities ........................ $ 5,327,623.65

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF DANIELSVILLE Danielsville, Ga.

As called for by the Superintendent 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........ $ 241,558.19

United States Government obliga-

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

613,257.50

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

129,770.49

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

750.00

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 ------------ $ 985,336.18

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

720,190.55 53,094.65 None
139,395.42 None
784.21 None
None 7,546.35 25,000.00 10,000.00 19,325.00 10,000.00

Total Liabilties --------- $ 985,336.18

48

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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 proeess 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...........--------------------

262,295.48 445,000.00
None None None 300,368.38 None None
None None None

Total Assets .................................. $ 1,007,668.86

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 outOtshtearndliianbgil-i-t-i-e--s-.-..-.-.-.-..-.-.-_-_--_-_-_--_-_--_-_--_-_--_-_-_--_-
Cap ita! -----------------------------------------Surplus .................................................... Undivided profits ................................ Reserves ---------------------------------------------

569,315.14 267,713.12
None
50,505.59 Nona
7,780.98 None
None None 25,000.00 25,000.00 62,349.03 None

Total Liabilities ........................... $ 1,0()7,663.86

STATEMENT

Showing condition at the dose of business December 31, 1953, of

BANK OF DAWSON Dawson, Ga.

As called for by the Superintendent of Banks.

C. D. OXFORD, President.
Date of Charter: 6-29-1911

H. F. SMITH, Cashier.
Began Business: 7-1-1911

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

996,288.94 993,300.00
9,239.66 None None
784,772.74 32,577.37 1,160.00
None None None

Total Assets - $ 2,817 ,338. 71

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

1,472,431. 71 688,055.89 7,741.86
348.238.43 26,409.49
6,222.82 None
None 1,785.82 100,000.00 30,000.00 136,452.69
None

Total Liabilities ......................... $ 2,817,338.71

THIRTY-FOURTH ANNUAL REPORT

49

STATEMENT

Showing condition at the close of business December 31, 1~53, of

BANK OF TERRELL Dawson, Ga.

As called for by the Superintendent of Banks.

J. E. KING, President.
Date of Charter: 3-23-1936

R. A. HILL, Cashier.
Began Business: 5-1-1936

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

1,054,679.69 1,019,500.00
None None None 1,033,817.96 8,715.62 None
None None 4,203.35

Total Assets ----- $ 3,120,916.62

LIABILITIES
Demand deposits ----'-- $ Time deposits ---Deposits of U. S. Government........._ Deposl~s. _of States and political
subdiVJSlODS --
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 ----------------------------------------

1,944,999.45 770,121.51 38,552.11
164,515.50 5,612.97
9,855.74 None
None None 50,000.00 50,000,00 87,259.84 None

Total Liabilities ------- $ 3,120,916.62

STATEMENT

Showing condition at the close of business December 31, 1953, of

DAWSON COUNTY BANK Dawsonville, Georgia

As called for by the Superintendent of Banks.

H. C. VANDIVIERE President
Date of Charter: 7-1-1953

W. T. HOWELL Cashier
Began Business: 7-13-1953

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
SltbdlVISlOTIS ........................
Other bonds, noteo, 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 ............................................ Investment and other assets indi...
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding..........
Other assets --
Total Assets -- $

96,482.50 118,230.78
None 60,093.75
None 34,404.47
2,628.22 None
None None 2,417.99 314,257.71

LIABILITIES
Demand deposits -- $ Time deposits ---- Deposits of U. S. Government (in-
cluding postal savings) .....-.............. Deposi!s. ?f s t a t e s and political
SUbdiVlSlODS ................................
Deposits of banks - Other deposits (certified and offi-
cers' checks, etc.) ............................
Bills payable -- Mortgages or other liens.................... Acceptances executed by or for ac-
count of this b a n k and outstanding ............................................
Other liabilities - Capital --- Surplus ---- Undivided profits ---Reserves ..................................................

168,922.26 None
800.25
86,103.47 None
12,101.04 None None
None 249.57 25,000.00 10,000.00 1,081.12 10,000.00

Total Liabilities ------- $ 314,257.71

50

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, of
TONEY BROTHERS BANK Doerun, Ga.

As called for by the Superintendent of Banks.

J. W. TONEY, President.
Date of Charter: 7-11-1945

J. W. TONEY, Cashier.
Began Business: 7-31-1945

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

550,939.25 63,500.00 None None None 268,034.47 1,850.00 None
None None None 884,323.72

LIABILITIES Demand deposits -------------------------------- $ TDiemp oe s idtes p oosfi t sU .---S-.Governme-nt_____-_-_-_ Depos~ts. . of State and political
Despuobdsittvs1so1fonbsanks..____-_-_-_-_-_-_-__-_-_-_-_-_-_-_-________
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 ..................................................

655,920.97 83,191.27 1,523.74
61,851.79 None
651.38 None
None None 25,000.00 25,000.00 25,000.00 6,184.57

Total Liabilities -------------------------- _______ $ 884,323.72

STATEMENT

Showing condition at the close of business December 31, 1953, of

COMMERCIAL STATE BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

D. F. WURST, President.
Date of Charter: 10-21-1938

MRS. 0. M. WURST, Cashier.
Began Business: 12-16-1938

ASSETS

Cash, balances with other banks, in-

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

United States Government obligations, direct and guaranteed________

Obligations of States and political

subdivisions

_______

Other bonds, notes, and debentures

Corporate stocks (including stock of

Federal Reserve Bank) ---------------Loans and discounts ( 1n c 1u ding

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

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

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

rectly representing bank premises or other real estate____________________________

Customers' liability to this bank on acceptances outstanding_______________
Other assets____________________________________

1,121.052.14 250,000.00 5,000.00 None None 686,084.17 13,639.64 None
None None None

Total Assets -------------------------------------- $ 2,075,775.95

LIABILITIES
Demand deposits ---------------------------------- $ Time deposits ...................................... Deposits of U. S. Government_______ _ Deposl~. _of States and political
subdtvlstons ..................................
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 ..................................................

1,265,358.35 349,410.24 15,796.27
209,434.07 60,107.45
10,826.41 None
None None 25,000.00 35.000.00 60,124.00 44,719.16

Total Liabilities ----------------------------$ 2,075,775.95

THIRTY-FOURTH ANNUAL REPORT

51

STATEMENT

Showing condition at the close of business December 31, 1953, of

MERCHANTS AND FARMERS BANK Donalsonville, Ga.

As called for by the Superintendent of Banks.

HENRY 0. CUMMINGS, President.
Date of Charter: 9-24-1925

E. H. HOWARD, Cashier.
Began Business: 9-24-1925

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

512,568.25 943,749.50
None None None 330,253.18 36,460.06 None
None None 1,043.28

Total Assets .................................. $ 1,824,074.27

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government............ Deposi~s. .of States and political
subdtv1s1ons ........................................ Deposits of banks..........- ....---------Other deposits (certified and offi-
cers' checks. etc.) .......,.................... Bills payable................--------------Aeceptances executed by or for
account of this bank and out-
Otshtearndliianbgil-i-t-ie--s-..-.-..-..-.-..-.-..-..-.-_-_--_-_-_--_-_--_-_--
Capital ----------------------------Surplus .................................................... Undivided profits ................................ Reserves --------------------------------

1,125, 709.78 192,246.50 3,871.25
387,773.55 None
1,755.67 None
None None 25,000.00 75,000.00 12,717.52 None

Total Liabilities ............................ $ 1,824,074.27

STATEMENT

Showing condition at the close of business December 31, 1953, of

COFFEE COUNTY BANK Douglas, Ga.

As called for by the Superintendent of Banks.

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

HARVEL NORRIS, Cashier.
Began Business: 7-1-1931

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash
items in process of collection........ $ United States Government obli~ra-
tions, direct and guaranteed........
Obliga!i'?n.s of States and political subd>v1s10ns ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ..................
Loans and discounts (including overdrafts) ........................................
Bank premises owned, furniture and fixtures ..............................................
Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate............................ Customers' liability to this bank on
acceptances outstanding___________
Other assets ..........................................

694,944.74 3,428,433.68
10,276.65 None None
981,898.66 68,782.47 None
None None 3,141.26

Total Assets ................................ $ 5,187,477.46

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.. ........ Deposi~ . .of States and political
SU'bdJVlSlOnS ...................................... Deposits of banks ................................ Other deposits (certified and ofti
cers' checks, etc.) ............................
Bills payable...............--------------------Acceptances executed by or for
account of this bank and out-
standing ......--------------------Other liabilities ....................................
Capital -----------------------------------------Surplus ..................................-----------Undivided profits ...............................
Reserve3 ----

2,954,033.35 1,105,076.50
50,365.55
546,373.21 192,083.57
15,742.74 None
None None 60,000.00 50,000.00 4,918.79 218,883.75

Total Liabilities .......................... $ 5,187,477.46

62

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS BANK Douglas, Ga.

As called for by t\te Superintendent of Banks.

F. S. STUBBS, President.
Date of Charter: 5-22-1945

WILEY DOWNS, Cashier.
Began Business: 7-5-1945

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

816,893.50 2,340,302.10
65,271.00 None None
1,139,269.96 30,945.60 None
None None 25,771.10

Total Assets .................................. $ 4,418,453.26

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposl~. .of States and political
SUbdiVlSlODS ........................
Deposits of banks ................................ Other deposits (certified and ofll-
cers' checks, etc.) ............................ BiJls payable------------------------Acceptances executed by or for
account of this bank and out-
standing -------------------------------Other liabilities -----------------Capital ................................................... Surplus ----- __ --------------------------Undivided profits ................................
Reserves -----------

2,654, 702.28 839,655.98 60,509.50
534,741.84 119,852.81
13,140.72 None
None None 100,000.00 60,000.00 850.63 45,000.00

Total Liabilities .......................... $ 4,418,453.26

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE COMMERCIAL BANK Douglasville, Ga.

As ealled for by the Superintendent of Banks.

W. D. LLOYD, President.
Date of Charter: 4-24-1942

RAYMOND L. LLOYD, Cashier.
Began Business: 5-1-1942

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

372,098.20 1,437,148.45
26,316.29 None None
162,274.48 7,800.00 None
None None 565.13

Total Assets ................................ $ 2,006,201.55

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

1,208,020.77 248,374.20 49,546.89
390,471.68 None
4,808.06 None
None None 26,000.00 26,000.00 54,980.00 None

Total Liabilities .......................... $ 2,006,201.65

-----------------T-H-I-R-T-Y--F-O--U-R-T-H ANNUAL REPORT

53

STATEMENT

Showing condition at the close of business December 31, 1953, 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

THERON A. JERNIGAN, Cashier.
Began Business: 11-1-1928

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

1,369,121.72 2,259,3()6.26
348,327.64 None None
2,740,531.43 189,984.16 None
None None 13,605.58

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S Government........ Deposl?>. _of States and political
SubdlVlSIODS ......................
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 ..................................................

3,829,337.93 1,331,156.30
163,700.()6
318,990.94 547,939.79
109,831.31 None
None 119,134.84 160,000.()0 225,000.00 90,440.21 35,345.41

--------------------------------- Total Assets ................................ $ 6,920,876.79

Total Liabilities .......................... $ 6,920.876.79

STATEMENT

Showing condition at the close of business December 31, 1953

FARMERS & MERCHANTS BANK Dublin, Ga.

As called for by the Superintendent of Banks.

L. P. KEEN, President.
Date of Charter: 5-26-1910

J. H. MADDOX, Cashier.
Began Business: 7-6-1910

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proeess 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
acceptance outstanding....----Other assets ........................................

1,141,380.00 1,880,450.00
None None None 996,657.38 50,048.12 None
None None None

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposl~s. _of States and political
sulJ.d.xvJstons ..................................... 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 ................................................

2,331,212.88 768,236.30 33,581.13
250,199.54 457,844.71
35,013.56 None
None None 60,000.00 50,000.0;) 72,105.37 20,342.01

----------------------------- Total Assets ................................ $ 4,068,535.50

Total Liabilities ............................ $ 4,068,535.50

54

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of
BANK OF DUDLEY Dudley, Ga.

As called for by the Superintendent of BaRks.

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 -----Ob!iga!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______________________

699,119.67 290,000.00
4,659.23 None None
720,582.81 2.00
None
None None None

LIABILITIES
~i':,"':J~p:s1kosi~s____:::::::::::::_-_-_:::::::::::::::: $
Deposits of U. S. Government........ Deposits of States and political
D espuobsdiitvs i soifo nbsa n ks_______________________-_-___-_-_-_
Other deposits (certified and offi-
Bill~r~a~~hl,!'s_:_=t-~:_> __ :.__::::=._:.__:=-:.:_-_-__:::-_-__
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-_-_-_-_-_--_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_-
Capital ---------------------------------------------------Surplus ------------------- Undivided profits -------------Reserves .................................................

911,056.76 361,532.02
19,866.99
273,266.64 None
1,265.19 None
None None 25,000.00 75,000.00 28,890.97 18,485.14

Total Assets --------- $ 1,714,363.71

Total Liabilities............................ $ 1,714,363.71

STATEMENT Showing condition at the close of business December 31, 1953, of
THE BANK OF DULUTH Duluth, Ga.
As called for by the Superintendent of Banks.

G. W. FINDLEY, President.
Date of Charter: 1-22-1945

EVERETT BAGWELL, Cashier.
Began Business: 2-17-1945

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

357,567.50 152,411.89
None None None 251,828.55 4,216,02 None
None

Customers' liability to this bank on acceptances outstanding______

None

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

972.47

Total Assets ------- $ 766,996.43

LIABILITIES
Demand deposits ---------- $ Time deposits ...................................... Deposits of U. S. Government....... . Deposi!s. _of States and political
SUbdlVlSlODS ....................................
Deposits of banks -------------- Other deposits (certified and offiB i lcles rps 'a ycahbelcek__s_,____e__t_c__._)____._._._._._._._._._._._._._._._._._._._._.._._._._._. .
Acceptances executed by or for account of this bank and outstanding ----------------------------------------
Other liabilities -------------------Capital ----------------------------------------------Surplus ----------------------- Undivided profits ------------Reserves --------------------------------------

555,910.63 24,196.70
4,870.29
111,591.80 None
8.80 Non"
None 208.00 25,000.00 25.000.00 20,210.21 None

Total Liabilities ------------------ $ 766,996.43

THIRTY-FOURTH ANNUAL REPORT

55

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF EASTMAN Eastman, Ga.

As called for by the Superintendent of Banks.

W. L. JESSUP, SR. 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 obliga tions. direct and guaranteed........ Obliga~i<;>~s of States and political
subdiVlSIODS --------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank -------------------Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures -------------------------Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi
orercotltyherreprereasl eensttiantge__b__a_n__k___p__r_e__m__i_s__es
Customers' liability to this bank on acceptances outstanding_____
Other assets.___________________________

580,000.42 1,676,400.00
None None None 679,834.57 8,001.00
1.00
None None None

Total Assets ................................ $ 2,944,236.99

LIABILITIES Demand deposits ................................ $
Time deposits ------- Deposits of U. S. Government............ Depos!~s. _of States and political
subdiVlSlODS .....................................
Deposits of banks ................................ Other deposits (certified and offiB i lcles rps 'a ycahbelcek_s_,___e_t_c_._)___._._.._._.._._.._._.._._.._._._.._._.._._.._. .
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-i-e--s-.-.-..-.-.-.-..-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-
Capital ------------------------------------Surplus ----------------------------------------- Undivided profits .............................. Reserves ---------------------------------

1,733,974.12 639,550.55 4,406.25
138,201.66 154,092.89
130.00 None
None None 40,006.00 100,000.00 133,881.52 None

Total Liabilities .......................... $ 2,944,236.99

STATEMENT

Showing condition at the close of business December 31, 1953, of CITIZENS CLEARING BANK Eastman, Georgia
As called for by the Superintendent of Banks.

H. R. RAGAN, President.
Date of Charter: 3-12-1949

H. R. RAGAN, Cashier.
Began Business: 4-1-1949

ASSETS Cash, balances with other banks, in-
cluding reserve balance, and cash i terns in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga~io_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-
rectly representing bank premises
or other real estate --------------------Customers' liability to this bank on
Ot~:~epa~s~~s __o_~t-~~~~~-~~~---::=::::::::::=

500,144.85 98,999.85 None None None
522,750.99 4,890,06 None
None None None

Total Assets ................................ $ 1,126,785.75

LIABILITIES
i:=n~ep~eii~:i~--..:::::=:=:=:::::::::::::::::::. $
Deposits of U. S. Government ...... Deposi~. _of States and political
subdiVlSIODS ..................................
Deposits of banks ---------------------------Other deposits (certified and offi-
.... Bill~rs~a~~bl~s, ---~~~:! ::::==::::::::::::::::::
Acceptances executed by or for account of this bank and outstanding ........................................................
Other liabilities ....................................
Capital -------------------------Surplus -----------------------------------Undivided profits ................................
Reserves -

976,377.64 None None
36,000.00 None
None None
Nont' None 40,000.00 40,000.00 34,408.11 None

Total Liabilities ........................... $ 1,126,785.75

56

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
BANK OF FULTON COUNTY East Point, Ga.
As called for by the Superintendent of Banks.

F. W. COOPER, President.
Date of Charter: 3-22-1934

T. W. MARSHALL, Cashier.
Began Business: 4-2-1934

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'?n.s of States and political 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
P.remises --------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate..------------------Customers' liability to this bank on
acceptances outstanding______
Other assets ..........................................

1,092,022.00 2,624,822.96
226,477.83 None None
2,069, 750.86 27,431.84 None
None None 30,244.36

Total Assets ................................ $ 6,070,749.85

LIABILITIES
~~ead~p~s~ks~_t"....:::::::::::::::::::::::::::::::: $
Deposits of U. S. Government.......... Deposl~s. _of States and political
subdiVlSlODS ................................
Deposits of banks .............................. Other deposits (certified and offiB i lcles rps 'a ycahbelcek_s_,__e__t_c_._)___.._._._.._._.._._.._._.._._.._._.._._.._....
Acceptances executed by or for account of this bank and out-
standing ------------------------Other liabilities ....................................
Capital ----------------------------Surplus ----------------------------Undivided profits ................................ Reserves ..................................................

3, 714,315.63 1,429,367.41
5,783.12
359,888.54 84,895.80
61,816.15 None
None 59,393.66 200,000.00 100,000.00 55,289.54
None

Total Liabilities ............................ $ 6,070,749.85

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS & SOUTHERN BANK OF EAST POINT East Point, Ga.

As called for by the Superintendent of Banks

C. P. GLOVER, JR., President.
Date of Charter: 11-12-1948

CHARLES E. WELLS, 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........ Ob!iga~i~n.s of States and political subdlvlsions ........................................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ________________ _
Loans and discounts (including overdrafts) ........................................
Bank premises owned, furniture and fixtures ................................................
Reparlemesitsaetse o__w___n___e._d___o___t_h__e__r____t_h___a__n____b___a__n__k_
Investments and other assets indi.. rectly representing bank premises or other real estate -----------------------
Customers' liability to this bank on acceptances outstanding_______________
Other assets ..........................................

1,175,586.26 1,658,689.17
267,834.76 23,906.25
None 1,680,324.21
145,817.38 None
None None 10,824.47

Total Assets ................................ $ 4,962,982.50

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

2,475,703.94 1,397,243.27
168,738.09
465,624.16 None
10,544.91 None
None 130,676.22 150,000.00 125,000.00
39,451.91 None

Total Liabilities .......................... $ 4,962,982.50

THIRTY-FOURTH ANNUAL RE.PORT

57

STATEMENT

Showing condition at the close of business December 31, 1953, of

FARMERS & MERCHANTS BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

L. 0. BENTON, JR., President.
Date of Charter: 10-30-1922

R. L. HARRISON, Cashier.
Began Business: 11-15-1922

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

486,232.83 794,728.66
88,295.39 None None
723,019.14 7,966.11 None
None None None

Total Assets ............................- .... $ 2,100,242.13

LIABILITIES

~r::'d~~ft~~~-~...::::::::::::::::::::::::::::::::::.$

1,073,571.46 561,901.73

Deposits of U. S. Government............ Deposl~s. _of States and political

38,142.07

SUbdlVlSIODS ........................

272,325.90

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

None

Other deposits (certified and oftl-

Bilcles rps'aycahbelcek..s.,_ .e._tc_.)__..._..._..._.._..._..._..._..._.._...

2,725.75 None

Acceptances executed by or for

account of this bank and out-

standing .....

Nc.ne

Other liabilities .................................... Capital __

972.17 60,000.00

Surplus

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

50.000.00

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

43,103.05

Reserves ...................................................... 7,500.00

Total Liabilities .......................... $ 2,100,242.13

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEOPLES BANK Eatonton, Ga.

As called for by the Superintendent of Banks.

J. M. GREGORY, President.
Date of Charter: 3-16-1944

A. F. ADAMS, Cashier.
Began Business: 5-1-1944

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection________ $ 308,868.55

United States Government obliga-

tions, direct and guaranteed_______ _ 157,578.90

Obliga~i~n.s of States and political

SUbdtVISIODS ~~~-~~--------------~----------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank .......---------

None

Loans and discounts (includinK

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

477,004.24

Bank premises owned, furniture and

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

10,313.86

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

892.50

rectly representing bank premises

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

None

Customers' liability to this bank on

acceptances outstanding_____

None

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

None

Total Assets .................................. $ 964,658.05

LJ ABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi)os..of States and political
DeSpUobsdiJtVsISolOf DbSank--s-..-.........-..-.....-.-..._-...-..-.-... Other deposits (certified and offiBilcles rps'aycahbelcek..s.,....e..t.c....)..._-._-_-_--_-_-_--_--__--_-_-_--
Acceptances executed b:v or for account of this bank and outstanding ---------------------
Other liabilities .................................... Capital ...............---------------Surplus .................................................... Undivided profits ................................
Reserves -------------------------------------

402,687.55 398,050.20
10,655.00
77,314.12 None
2,636.98 None
None 3,342.13 25,000.00 25,000.00 9,972.07
None

Total Liabilities ............................ $ 954,658.05

58

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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 Business: 1904

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

373,295.73 456,959.57
21,343.03 None None
861,283.58 2.00
None
None None 155.68

Total Assets ................................ $ 1,713,039.59

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

1,128, 703.63 127,587.85 17,587.62
265,001.22 9,667.23
None None
None 4,348.65 50,000.00 60,000.00 50,143.39
None

Total Liabilities .......................... $ 1,713,039.59

STATEMENT

Showing condition at the close of business December 31, 1953, 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 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 ..........................................

780,687.86 1,096,700.00
7,000.00 None None
1,214, 732.49 42,629.66 1.00
None None None

Total Assets .................................. $ 3,141,751.01

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

2,308,096.13 276,523.37 138,414.79
172,191.38 53,914.61
15.62 None
None None 100,000.00 50,000.00 42,595.11 None

Total Liabilities .......................... $ 3,141,751.01

THIRTY-FOURTH ANNUAL REPORT

59

STATEMENT

Showing condition at the close of business Decembe:r: 31, 1953, of
BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks.

L. S. BOYETTE, President.
Date of 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 obliga tions, direct and guaranteed ........ Obliga!i'?n.s of States and political
SUbdtVISlOUS ----------------------------
Other bonds. notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank........--Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ------- Real estate owned other than bank
premises ............................................ Investments and other assets indi-
rectly representing bank premises
or other real estate..-----Customers' liability to this bank on
acceptances outstandinK'-----Other assets ..........................................

493,068.97 None None
125,000.00 None
503,846.85 3,743.28 None
None None 4,539.25

Tots! Assets ................................ $ 1,130,198.35

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Depos1~s. _of States and political
subdtvlstons ........................................
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 ---------------------------

574,811.32 207,846.50
22,793.35
187,211.26 None
35,474.02 None
None 15,000.00 25,000.00 50,000.00 62,061.10
None

Total Liabilities ............................ $ 1,130,198.35

STATEMENT

Showing condition at the close of business December 31, 1953, 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

GLEN W. MARSHALL, Cashier.
Began Business: 6-1-1914

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed ........ Obliga!i'?n!' 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 hank
premises ------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate.---------------------Customers' liability to this bank on
acceptances outstanding-----Other assets ..........................................

402,644.57 1,869,452.16
201,545.13 None None
701,223.52 3,600.00 None
None None 7,386.89

Total Assets .................................. $ 3,185,852.27

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

Time deposits ........................................

Deposits of U. S. Government.......... Deposi~s. .of States and political

SUbdtVlStOnS .............................

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

1,319,182.83 1,3"28,837.45
29,251.42
325,080.91 None
12,613.06 None
None 16,013.53 25,000.00 75,000.00 4,873.07 50,000.00

Total Liabilities ............................ $ 3,185,852.27

60

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS AND SOUTHERN EMORY BANK Emory University, Ga.

As called for by the Superintendent of Banks.

L. L. GELLERSTEDT President.
Date of Charter: 12-11-1950

JOHN L. CARR, JR. Cashier.
Began Business: 4-16-1951

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

344,146.08 802,439.14
None None None 763,833.25 21,679.61 None
None None 5,968.14

Tots! Liabilities ............................ $ 1,938,066.22

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

1,213,675.46 425,464.45 30,485.40
148,394.10 None
2,400.13 None
None 24,940.06 50,000.00 25,000.00 17,706.62
None

Total Liabilities............................ $ 1,938,066.22

STATEMENT

Showing condition at the close of business December 31, 1953, 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
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 ..........................................

223,470.96 599,000.00
None None None 407,886.80 18,151.23 None
None None 14,449.46

Total Assets .................................. $ 1,262,958.45

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

902,752.85 240,871.14
1,173.63
12,705.53 None
3,559.25 None
None 4,101.29 25,000.00 41,000.00 3,372.91 28,421.85

Total Liabilities .......................... $ 1,262,958.45

THIRTY-FOURTH ANNUAL REPORT

61

STATEMENT
Showing condition at the close of business December 31, 1953, 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-
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
SubdtVISIODS ...........................
Other bonds, notes, and debentures_ Corporate stocks (including stock of
Federal Reserve Bank)----------------Loans and discounts (in eI 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............................................

802,785.02 855,000.00
None None None 193,697.13 1,100.00 None
None None None

Total Assets ------------------- $ 1,352,582.15

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government _______ _ Deposi?J..of States and political
SUbdtVlSlODS ........................
Deposits of banks -------------------------------Other deposits (certified and offiBilcles rps 'a ycahbelcek_s_,__e_t_c_._)__._._.._.._._.._.._._.._.._._.._.._._.._.._..
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-ti-e-s-_-_-_--_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-
Capital --------------------------------------------Surplus ---------------------Undivided profits ------Reserves ----------------------------

915.586.00 20,340.43 17,566.10 317,500.00 None 3,073.71 None
None None 25,000.00 50,000.00 3,515.91 None

Total Liabilities --------- $ 1,352,582.16

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF FINLEYSON Finleyson, Ga.

As called for by the Superintendent of Banks.

R. L. SCARBOROUGH, President.
Date of Charter: 9-20-1910

CLARENCE FINLEYSON, Cashier.
Began Business: 9-20-1910

ASSETS Cash, balances with other banks, in
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed._______ Obliga~i~n.s of States and political subd1v1s1ons ----------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)___ Loans and discounts (including overdrafts) ------------ Bank premises owned, furniture and fixtures ---------------------------- Real estate owned other than bank 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 ---------------------

109,056.10 124,909.50
None None None 256,820.45 276.00 None
None None None 491,062.05

LIABILITIES
Demand deposits ---------- $ TDiempoesidtespoosfitUs .-S--.-G-o-ve-rn--me--nt__-___-_-__ 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 ----------------------------

346,141.60 20,448.64
None
40,500.00 None
3,875.20 None
None 5,030.31 25,000.00 25,000.00 24,866.40
200.00

Total Liabilities ----------- $ 491,062.05

62

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FIRST STATE BANK OF FITZGERALD Fitzgerald, Ga.

As called for by the Superintendent of Banks

B. I. ANDERSON, President.
Date of Charter: 5-24-1948

RALPH W. JERNIGAN, 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 obliga-

tions, direct and guaranteed........ Obliga~i~n;; of States and political

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

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

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

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

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

417,251.97 700,203.12
None None None 686,836.70 10,538.96 None
5,352.55 None 521.67
1,920,704.97

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

1,090,930.96 233,434.18 4,788.89
296,506.24 22,245.28
1,512.79 None
None 950.58 100,000.00 20,000.00 50,336.05
None

Total Liabilities ------------------ $ 1,820,704.97

STATEMENT

Showing condition at the close of business December 31, 1953, 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_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 ----------------------------

650,326.84 809,987.50 111,814.83 320,000.00
None 1,012,582.09
16,770.89 3,662.58
None None 11.91

Total Assets ------------------ $ 2,925,186.64

LIABILITIES Demand deposits ---------------- $ TDiempoesidtsepoofsitUs . S.Govern-m-e-nt_______ Deposi~. .of States and political
subdtvtstons ------Deposits of banks -----------------Other deposits (certified and offiBicllesrs'pacyhaebckles_,___e__t_c__._)____________________-_-__-_-_-_--
Acceptances executed by or for account of this bank and outstanding ------------------------------
Other liabilities ------------------------Capital ------------------------------------Surplus -------------------------------------Undivided profits ................................ Reserves ------------------------------------

1,389,647.65 893,133.03 None
147,723.95 87,168.01
2,647.52 None
None 94,296.79 50,000.00 50,000.00 198,569.69 12,000.00

Total Liabilities ---------------- $ 2,925,186.64

THIRTY-FOURTH ANNUAL REPORT

63

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ $ 681,065.77

United States Government obliga-

tions, direet and guaranteed........ Obliga~i~n.s of States and political

168,100.00

subdlVlSIOllS ....................................

170,091.15

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (i n c I u d i n g

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

226,038.53

Bank premises owned, furniture and

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

4,354.98

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

None

rectly representing bank premises

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

None

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

None

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

None

Total Assets ................................ $ 1,249,650.43

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

1,004,881.53 None None
94,071.53 None
3,833.12 None
None None 40,000.00 10,000.00 6,000.00 90,864.25

Total Liabilities ............................ $ 1,249,650.43

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

R. 0. PERSONS President
Date of Charter: 3-9-1910

JEP STUART Cashier
Began Business: 1910

ASSETS

Cash, balances with other banks, in-

cluging reserve balances, and cash

items in process of collection......... $ 306,109.27

United States Government obliga-

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

585,000.00

Obliga~i<;m.s of States and political

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

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (inc I u ding

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

332,247.07

Bank premises owned, furniture and

fixtures ................................................

2.00

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

1,000.00

Total Assets .................................. $ 1,224,359.34

LIABILITIES
Demand deposits .................................. $ Time deposits ...................................... Deposits of U. S. Government ........ Deposi~s. _of States and political
SUl>dlVlSlOnS ........................................ 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 ..................................................

950,215.68 None 936.03
108,500.00 None
2,634.20 None
None None 50,000.00 50,000.00 None 62,073.43

Total Liabilities .......................... $ 1,224,359.34

64

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, of
MONROE COUNTY BANK Forsyth, Ga.

As called for by the Superintendent of Banks.

W. C. HILL, President.
Date of Charter: 11-2-1908

JAS. M. McCARTY, Cashier.
Began Business: 10-15-1908

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proceSs of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i~n~ 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 asset.'i indi..
rectly representing bank premises
or other real estate--------------------------Customers' liability to this bank on
acceptances outstanding_______________
Other assets.......---------

365,103.07 631,580.40 12o,a16.68
20,891.80 None
1,027,899. 72 251,00 695.00
None None None

Total Assets ................................ $ 2,066,7!16.67

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s. .of States and political
SUbd.lVISIOnB ......................
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 ................................................

1,259,146.39 546,716.66 27,262.76
117,232.29 None
2,654.40 None
None 19,070.47 25,000.00 50,000.00 9,714.70 10,000.00

Total Liabilities ............................ $ 2,066,796.67

STATEMENT

Showing condition at the close of business December 31, 1953, of

FORT GAINES BANKING CO. Fort Gaines, Ga.

As ealled for by the Superintendent of Banks.

T. W. MOBLEY, President.
Date of Charter: 2-11-1937

W. G. GRIMSLEY, Cashier.
Began Business: 2-15-1937

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

573,298.76 479,100.00
None None None 410,176.63 1,000.00 None
None None None

Total Assets .................................. $ 1,463,575.39

LIABILITIES Demand deposits ................................ $ 1Time 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-
standing ----------------------------------------------
Other liabilities ------Capital ---- Surplus .................................................... Undivided profits ....................................
Reserves --------------------------

947,356.74 236,612.92
2, 731.87
146,262.43 None
3,998.62 None
None None 25,000.00 76,000.00 26,612.81 None

Total Liabilities .......................... $ 1,463,676.39

THIRTY-FOURTH ANNUAL REPORT

65

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF FORT VALLEY Fort Valley, Ga.

As called for by the Superintendent of Banks.

W. E. GREENE, President.
Date of Charter: 10-11-1924

HERBERT HUCKABEE, Cashier.
Began Business: 10-15-1924

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed._______ Obliga!i<?n.s of States and political
SUbdlVlSlOnS ----------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Fderal 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_____________________________________

621,020.90 2,311,194.69
89,308.04 None None
1,098,419. 82 17,362.55 None
None None None

LIABILITIES Demand deposits ----------------------------- $ Time deposits ------- Deposits of U. S. Government_______ _ Deposi~. .of States and political
subdiVlSlODS ....................................
Deposits of banks.-------------------------------Other deposits (certified and offi-
Bicllesrs'paychabeclek_s__,____e_t__c_.__)_______-___-_-_-_-_-_-_-_-_-_-_-_-_-_-_--
Acceptances executed by or for account of this bank and outstanding ---------------------------------------
Other liabilities ---------------------------------Capital ---------------------------------------------Surplus -------------------------------------------- Undivided profits ------------------------------Reserves ----------------------------------------

2,658,341. 79 176,000.03 82,918.52
808,841.92 None
11,057.50 None
None 42,142.84 100,000.00 100,000.00 158,008.40
None

Total Assets ---------------------------- $ 4,137,306.00

Total Liabilities ------------------------- $ 4,137,3M.OO

STATEMENT

Showing condition at the close of business December 31, 1953, 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
subdiVISlODS ---------0ther bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures -----------------------------------------Real estate owned other than bank
premises ---------------------------------Investnlents and other assets indi-
rectly representing bank premises or <.her real estate.___________________________
Customers' liability to this bank on acr.eptances outstanding______________
Oth..- assets -----------------------------------

407,576.90 549,443.40
3,800.00 53,097.62
None 532,099.24
4,876.22 None
None None None

Total Assets ---------------------------- $ 1,550,893.38

LIABILITIES
Demand deposits ------------------------------- $ DTiempoesidtsepoosfitsU.----S--.---G---o--v--e--r--n--m---e--n--t--_-_____-_-_ Deposi~s . .of States and political
subdiVISIOllS ...................................... Deposits of banks--------------------------------Other deposits (certified and offi
cers' checks. etc.) -----------------------Bills payable........-----------------------------Acceptances executed by or for
account of this bank and outstanding --------------------------------------Other liabilities ---------------------------Capital -----------------------------------------------
Surplus -------------------------------------------------Undivided profits ------------------------------Reserves ---------------

784,471.78 487,330.20
19,293.82
85,594.02 None
7,902.85 None
None 4,000.00 25,000.00 100,000.00 14,208.71 23,092.00

Total Liabilities -------------------- $ 1,550,893.38

66

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS BANK

-~.

Gainesville, Ga.

--

As called for by the Superintendent of Banks.

JOHN H. HOSCH, President.
Date of Charter: 5-19-1913

R. A. BRICE, Cashier.
Began Business: 6-1913

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 1,694,297.68

United States Government obliga-

tions, direct and guaranteed........ 1,936,044,66

Obliga!i~n.s of States and political

SUbdiVlSIOllS ...................................

225,855.11

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (i n c I u d i n g

overdrafts) ........................................ 1,570,181.70

Bank premises owned, furniture and

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

2.00

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 .................................. $ 5,426,381.15

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........
Deposi!" ..of States and political subdlVISIOnS ........................................
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, 763,311.75 644,552.47 120.448.89
256,021.88 221,501.68
6,968.54 None
None 61.80 100,000,00 100,00.00 213,514.14 None

Total Liabilities ............................ $ 5,426,381.15

STATEMENT

Showing condition at the close of business December 31, 1952, 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 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 subdiVlSlons ........................................ Other bonds, notes, and debentures.. Corporate stocks( including stock of Federal Reserve Bank) ................ Loans and discounts (i n c I u d i n g overdrafts) ........................................ Bank premises owned, furniture and
fixtures ---- Real estate owned other than bank
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 ................................ $

171,588.34 136,000,00
76,000.00 None None
79,255.33 10,600.00
None
None None None 473,443.67

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

442,113.56 None None
None None
115.11 None
None None 15,000,00 5,000.00 4,215.60 7,000.00

Total Liabilities .......................... $ 473,443.67

.,
I

THIRTY-FOURTH ANNUAL REPORT

67

STATEMENT Showing condition at the close of business December 31, 1953, of
CITIZENS BANK Glennville, Ga.
As called for by the Superintendent of Banks.

T. R. SMITH, President.
Date of Charter: 12-31-1942

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

302,170.38 2"13,000.00
94,000.00 None None
405,059.02 28,569.31
None
None None None

Total Assets ................................ $ 1,042,798.71

MRS. MARGARET D. BACON, Cashier.
Began Business: 1-4-1943

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

638,685.01 115,841.08
None 147,114.75
None 378.67 None
None 5,080.66 60,000.00 40,000.00 35,698.64
None

Total Liabilities ............................ $ 1,042,798.71

STATEMENT

Showing condition at the close of business December 31,. 1953, of

THE GLENNVILLE BANK Glennville, Ga.

As called for by the Superintendent of Banks.

J. A. BACON, President.
Date of Charter: 1-12-1905

J. A. ROGERS, Cashier.
Began Business: 1-18-1905

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

411,350.80 1,035,295.35
8,000.00 None None
727,831.33 2,000.00 None
None None 3,763.45

Total Assets ................................ $ 2,188,241.43

LIABILITIES

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

Time deposits ......................................

Depasits of U. S. Government........

Deposi~ ..of States and political

Dseupbods!VitIsSIoOfDbSa

~nks ................................

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 -----

1,277 ,935. 70 434,647.40 9,738.40
348,837.00 None
1,745.01 None
None None 30,000.00 40,000.00 26,133.17 19,204.75

Total Liabilities ............................ $ 2,188,241.43

68

DEiPARTMENT OF BANKING

STATEMENT

Showing condition at the dose of business December 31. 1953, 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
eluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed ........ Obligations of States and political subdivisions --------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)----------------Loans and discounts (including overdrafts) ---------------------------------Bank premises owned, furniture and fixtures --------------------------------------- Real estate owned other than bank premises----------------------------------Investments and other assets indirectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding______________
Other assets....----------------------------------
Total Assets ------- $

489,501.35 90,000.00 None None None 267,692.08 14,599.02 None
None None None 861,792.45

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

537,522.95 11,655.83 337.60
222,534.73 None
255.65 None
None None 36,000.00 7,000.00 44,485.89 3,000.00

Total Liabilities ------------------------ $ 861,792.45

STATEMENT Showing condition at the dose of business December 31. 1953, of
BANK OF GRAY Gray, Ga.
As called for by the Superintendent of Banks.

D. V. CHILDS, SR., President.
Date of Charter: 8-23-1909

D. V. CHILDS, SR., Cashier.
Began Business: 8-28-1909

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?~s of States and political subdtvtstons -------------:................ 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...---------------------
Total Assets ..................................$

268,952.74 234,000.00
None None None 330,068.43
2.00 None
None None None 833,023.17

LIABILITIES
Demand deposits ------------------- $ Time deposits ------------------------------Deposits of U. S. Government........ Deposi~..of States and political
subdtvlBlODB .....................................
Deposits of banks............................____ Other deposito (certified and officers
checks, etc.) -----------------------------------Bills payable....-------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-t-i--e-s--.-.-.-_-_-_-_--_-_-_-_--_-_-_-_--_-_-_-_-_--_-_-_-_--_-_-_-_--_
Capital ------------------------------------------- Surplus --------------------------------------Undivided profits -----------------------------Reserves ------------------------------

550,092.07 102,167,69
None
79,145.07 None
1,159.50 None
None None 25,000.00 75,000.00 458.84 None

Total Liabilities -------------------- $ 833,023.17

-, ;

THIRTY-FOURTH ANNUAL REPORT

69

STATEMENT

Showing condition at the close of business December 31. 1953, of

BANK OF GREENSBORO Greensboro, Ga.

As called for by the Superintendent of Banks.

H. D. GOODWIN, President.
Date of Charter: 10-13-1926

C. WELDON SMITH, Cashier.
Began Business: 10-14-1926

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

612,786.99 191,400.00
37,952.00 None None
763,086.47 10,875.34 None
None None None

Total Assets ................................ $" 1,516,100.80

LIABILITIES
Demand deposits ------$ Time deposits ...................................... Deposits of U. S. Government........ Deposl~. .of States and political
subdtvlstons ......................................
Deposits of banks----------------Other deposits (certified and offi-
cers' checks, etc.) ........................ Bills payable .............- ......................
A"::~~~t~f e~~u~!n:Yan.{ o~~
standing ------------------------Other liabilities ..................................
Capital ----------------------------Surplus --------- ------------------------------Undivided profits .......-...................... Reserves ..................................................

731,266.03 473,296.88
16,647.89
90,298.88 None
10,615.88 None
None 7,600.00 60,000.00 50,000.00 36,475.24 60,000.00

Total Liabilities ................._____.......$ 1,516,100.80

STATEMENT

Showing condition at the close of business December 31. 1953, of

THE CITIZENS BANK Greensboro, Ga.

As called for by the Superintendent of Banks.

J. M. REYNOLDS, SR., President.
Date of Charter: 3-9-1946

W. W. BELL, JR., Cashier.
Began Business: 4-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'!n.s of States and political
&UbdiVlSlODS ............................
Other bonds. notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)------------- __ Loans and discounts (including
overdrafts) ......_.........................- Bank premises owned, furniture and
fixtures ............................................____ Real estate owned other than bank
premises .............................................
Investments and other assets indiorercotltyherreprereasl eensttiantge__b__a__n__k____p__r_e__m___i_s__e_s
Customers' liability to this bank on acceptances outstanding_______
Other assets ................................- ........

463,911.73 230,000.00
46,000.00 None None
487,169.03 8,489.98 None
None None 160.00

Total Assets .................................. $ 1,230,730.74

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposits of States and political
subdivisions ................._....................
Deposits of banks.--------------------------Other deposits (certified and offi-
cers' checks, etc.) ........................
Bills payable---------------------------------Acceptances executed by or for
account of this bank and outOtshtearndliianbgil-i-tie--s-_-_-_-_--_-_-_-_-_--_-_-_-_--_-_-_---
Capital -----------------------Surplus ------------------------------Undivided profits .............................. Reserves ................................................

848,126.93 206,971.47
6,498.76
46,130.23 None
1,110.67 None
None None 62.600.00 12,500.00 8,892.78 40,000.00

Total Liabilities ............................ $ 1,230,730.74

70

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31,, 1953, of

THE GREENVILLE BANKING CO. Greenville, Ga.

As called for by the Superintendent o~ Banks.

H. W. HILL, JR., President.
Date of Charter: 10-24-1887

J. P. ATKINSON, 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
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 ..---------

298,608.65 632,475.75
12,000.00 None None
378,103.84 7,200.00 None
None None None

Total Assets ................................$ 1,328,387.74

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

806,083.17 231,782.01
4,221.25
181,961.06 None
3,446.12 None
None 3,095.23 50,000.00 26,000.00 22.798.90
None

Total Liabilities ............................ $ 1,328,387.74

STATEMENT Showing condition at the close of business December 31, 1953, of

COMMERCIAL BANK & TRUST CO. Griffin, Ga.

As called for by the Superintendent of Banks.

D. J. ARNOLD, President.
Date of Charter: 10-11-1889

C. T. PARKER, Cashier.
Began Business: 10-9-1890

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection............ $2,093,743.42

United States Government obliga-

tions, direct and guaranteed........ 3,797,043.79 Obliga~i<;n.s of States and political

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

None 2,675.00

Corporate stocks (including stock of Federal Reserve Bank)....................

None

Loans and discounts (i n c I u d i n g overdrafts) .......................................... 2,797,067.36

Bank premises owned, furniture and

fixtures ................................................

25,967.96

Real estate owned other than bank

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

19,003.00

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

1,247.37

Total Assets ................................ $ 8, 736,637.90

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

4,613,335.28 2,124,097.76
148,141.85
721,984.85 131,537.76
64,229.53 None
None 286,985.12 200,000.00 200,000.00 256,325.77
None

Total Liabilities .......................... $ 8,736,637.90

-l

THIRTY-FOURTH ANNUAL REPORT

71

STATEMENT

Showing condition at the close of business December 31. 1953, 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........
Obliga!i<?n.s of States and political
SUbdlVlSIODS ............................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) ---------------------Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate____________________________
Customers' liability to this bank on acceptances outstanding________________
Other assets -------------------------------

1,518,850.38 3,519,020. 79
29,085.44 199,750.00
None 2,175,382.37
10,583.45 46,137.50
None None None

Total Assets ----------- $ 7,498,809.93

LIABILITIES
Demand deposits -------------------------- S TDiempoesidtsepoofsiUts. S.Governmen-t-_-__-_-_-_______
Deposi?>. .of States and political subdtvtstons ......................................
Deposits of banks ---------------------Other deposits (certified and offi-
Bicllesrps'aycahbelcek_s_,___e__t_c__._)____-_-_--_-_-_-_-_-_-_--_-__-_-_--_-_-__-_-_--_-_-
Acceptances executed by or for account of this bank and outstanding . ----------------------------------------
Other liabilities ------------------------------Capital ------------------------------------------Surplus ----------------------------------Undivided profits ---------------------------- Reserves -------

4,903,312.29 865,873.39 174,416.08
795,986.70 None
11,749.39 None
None 63,083.48 200,000.00 300,000.00 184,388.60
None

Total Liabilities --------------------- $ 7,498.809.93

STATEMENT

Showing condition at the close of business December 31, 1953, of

JONES COUNTY BANK Haddock, Ga.

As called for by the Superintendent of Banks.

L. M. WOODCOCK, 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________ 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 ------ $

228,780.53 114,500.00
None None None 209,268.03
1.00 None
None None None 552,549.56

LIABILITIES Demand deposits ------------------------------- $ Time deposits ........................................ Deposits of U. S. Government___________ _
Deposl?>..of States and political subdJVlSJODS .......................................
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 --------------------

326,645.84 72,811.11 4,971.25
55,000.00 None
1,169.72 None
None None 25,000.0(1 60,000.00 16,952.14 None

Total Liabilities ------------------------- $ 552,549.56

72

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK OF HAHIRA Hahira, Ga.

As called for by the Superintendent of Banks.

D. K. HOLLIS President.
Date of Charter: 2-12-1927

M. W. KIRKLAND Cashier.
Began Business: 2-21-1927

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
SubdiVISlODS ................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................. Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures -- Real estate owned other than bank
premises .............................................. Investments and other assets indi
rectly representing bank premises or other real estate ---------------------Customers' liability to this bank on acceptances outstanding----Other assets ..........................................
Total Asseto ................................ $

189,622.19 446,785.50
None None None 250,792.27 7,378.28 None
None None None 894,578.24

LIABILITIES
~::'d~~.ri~s~~~----.:::..:::..::.:....:::.....:::: $
Deposits of U. S. Government __ Depos i~. .of States and political
SubdiVlSlODS ................................
Deposits of banks ................................ Other deposits (certified and offi-
cers' checks, etc.)---------------------Bills payable...----Acceptances executed by or for
account of this bank and out-
standing ---------Other liabilities ....................................
Capital -------------Surplus ----------Undivided profits ................................ Reserves ..................................................

442,616.64 260,566.96
6,000.00
39,279.33 24,991.11
1.00 None
None 5,131.16 15,000.00 45,000,00 51,992.04 5,000.00

Total Liabilities ............................ $ 894,578.24

STATEMENT

Showing condition at the close of business December 31, 1953, 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

itemB in process of collection........ $ 215,536.91

United States Government obliga-

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

250,444.94

Obliga~i'?n.s 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) ........................................

117,057.24

Bank premises owned, furniture and

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

2,485.00

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

None

rectly representing bank premises

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

None

Customers' liability to this bank on

acceptances outstanding_______

None

Other assets...------------ - - -No-ne

Total Aosets .................................. $ 585,524.09

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

367,445.29 155,877.89
345.21
None 570.69
8,624.55 None
None 2,500.00 25,000.00 5,000.00
160.46 20,000.00

Total Liabilities ............................ $ 6l!5,524.09

"l

THIRTY-FOURTH ANNUAL REPORT

73

STATEMENT
Showing condition at the close of business December 31. 1953, of
CITIZENS BANK OF HAPEVILLE Hapeville, Ga.

As called for by the Superintendent of Banks.

A. P. JACKSON, President.
Date of Charter: 7-20-1945

H. C. TRAYLOR, Cashier.
Began Business: 9-4-1945

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

667,887.52 1,008,218.42
None None None 1,477,006.43 49,663.03 None
None None 6,175.24

Total Assets .................................. $ 3,208,950.64

LIABILITIES
Demand deposits - $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~s. _of States and political
subdtvlstons ...................................... Deposits of banks ................................ Other deposits (certified and oftl-
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,<1!;3,827 .37 639,485.19 53,078.58
170,808.51 7,384.30
41,504.45 None
None 76,991.77 100,000.00 50,000.00 15,870.47
None

Total Liabilities ............................ $ 3,208,950.64

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF COLUMBIA COUNTY Harlem, Ga.

As called for by the Superintendent of Banks.

J. T. BARNSLEY, President.
Date of Charter: 11-29-1909

E. D. CLARY, JR. Cashier.
Began Business: 12-13-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed........ Obliga~i~n.s of States and political 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 outstandin~r.----0 ther assets-----------------------------
Total Assets ................................ $

211,255,22 290,000.00
29,114.65 None None
316.613.33 7,585.04 None
None None None !54,568.24

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government............ Deposi~s. .of States and political
subdtVlSlOnS ...................................... Deposits of banks ....--------------------Other deposits (certified and oftl-
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>11,276.06 105,597.30
5,028.69
108,851.75 None
943.89 None
None 2,424.86 25,000.00 25,000.00 60,446.19 10,000.00

Total Liabilities .......................... $ 854,568.24

74

DEPARTME NT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANKING COMPANY Hartwell, Ga.

As called for by the Superintendent of Banks.

E. C. GRIFFETH, President.
Date of Charter: 11-28-1942

A. C. SKELTON, Vice-President.
Began Business: 1-2-1943

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
subdJVlSJODS ....................................
Other bonds, notes. and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) -Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures --------- Real estate owned other than bank
premises -------------------------------------Investments and other assets indi..
rectly representing bank premises
or other real estate...-Customers' liability to this bank on
acceptances outstanding_____________
Other assets ............................................

617,396.03 743,792.25 117,539.27 374,853.53
None 762,746.46
17,843.11 None
None None None

Total Assets ................................ $ 2,634,169.65

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

1,986,722.19 116,535.64 89,867.39
265,670.14 None
10,982.16 None
None None 50,000.00 60,000.00 64,392.24 None

Total Liabilities .

..... $ 2,634,169.66

STATEMENT

Showing condition at the close of business December 31, 1953, 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
eluding 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 -------

561,749.12 499,269.69
None None None 1,031,967.74 2,500.00 4,166.30
None None None

Total Assets .................................... 2,099,642.85

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

1,691,063.20 43,434.26 None
200,079.34 None
12,426.78 None
None None 100,000.00 60,000.00 76,000.00 27,639.27

Total Liabilities .......................... $ 2,099,642.85

THIRTY-FOURTH ANNUAL RE.PORT

75

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PULASKI BANKING COMPANY Hawkinsville, Ga.

As called for by the Superintendent of Banks.

R. D. BUCHAN, President. Date of Charter: 7-20-1949.

D. L. WILLIAMS, Cashier.
Began Business: 8-27-1949.

ASSETS Cash, balanees with other banks, in-
cluding reserve balance, and cash items in proeesB of eolleetion........ $ United States Government obligations. direct and guaranteed........ Obliga~i?J!S of State and politieal
SUbdiVlSlODS -------------------
Other bonds, notes, and debentures Corporate stoeks ( ineluding stoek of
Federal Reserve Bank) ------------Loans and diseounts (ineluding
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ............:................................. Real estate owned other than bank
premises --------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate ---------------------Customers' liability to this bank on
aeeeptanees outstanding --------------Other Assets ........................................

307,693.48 175,000.00
None None None 501,637.83 17,576.51 None
None None None

Total Assets ................................ $ 1,001,907.82

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government _____
Deposits_ .of States and politieal
SUbdiVlSIODS ...............
Deposits of banks ----------------------------Other deposits (eertified and offi.
cers' checks, etc.) ..........................
Bills payable ------------------------------Acceptances executed by or for ac-
eount of this bank and outstand-
ing ----------------------------------------Other liabilities ....................................
Capital --------------------------------Surplu-8 .................................................. Undivided profits ................................ Reserves ..................................................

630,067.86 125,172.45
None
163,806.24 None
3,826. 78 None
None 3,857.98 50,000.00 21,500.00 3,677.01
None

Total Liabilities ............................ $ 1,001,907.82

STATEMENT

Showing condition at the close of business December 31, 1953, 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, balanees with other banks, in-
cluding reserve balances, and cash items in proeess of eolleetion........ $ United States Government obligations, direet and guaranteed ........ Obliga~i~n~ of States and politieal
subdlv1s1ons ------------------------------Other bonds, notes, and debentures Corporate stocks ( ineluding stoek of
Federal Reserve Bank)----------------Loans and diseounts (ineluding
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ---------------------------------------Real estate owned other than bank
premises -----------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate---------------------Customers' liability to this bank on
acceptances outstanding______
Other assets ........................................

1,142, 762.62 4 78,498.50 None None None 225,584.26 2.00 1.00
None None 7,994.16

Total Assets ................................ $ 1,854,842.64

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government ........
Deposi!s. _of States and politieal SUbdlVISlOnS ......................................
Deposits of banks ............................ Other deposits ( eertified and offi-
cers' checks, etc.) ............................
Billa payable......----------------------------Acceptances exeeuted by or for
account of this bank and out-
standing -----------------------------------Other liabilities .................................. Capital .................................................... Surplus .................................................. Undivided profits ................................
Reserves --

1,453,176. 74 61.07 None
210,941.71 803.87
14,016.59 None
None 18,674.45 25,000.00 59,000.00 55,116.88 18,051.73

Total Liabilities ............................ $ 1,854,842.54

-,

76

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF HIAWASSEE Hiawassee, Ga.

As called for by the Superintendent of Banks.

E. C. BRANNON President.
Date of Charter: 6-14-1909

ELOIS ANDERSON Cashier.
Began Business: 7-21-1909

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!' of States and political
SUbdlVISIODS ---------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve 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 netsitnagt eb__a_n__k__p__r_e_m__i_s_e_s
Customers' liability to this bank on acceptances outstanding_______
Other assets -
Total Assets ................................ $

259,117.43 574,679.85
None None None 230,341.96 4,076.00 None
None None 3,426.70 1,071.641.94

LIABILITIES
~i,::'n~e;,~f:i~~---:::::.:::.:..:.:.:::..::::::::.: $
Depasits of U. S. Government ........ Deposi~..of States and political
subdiVISIOns ..................................:... Depasits 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 outstanding ---~-----------------------------
Other liabilities .................................... Capital ...................................................... Surplus .................................................. Undivided profits ................................ Reserves ................................................

683,398.44 318,846.27
1,138.00
61,198.83 12,371.56
639.97 None
None 5,000.00 50,000.00 35,000.00 1,667.34 2,482.54

Total Liabilities ............................ $ 1,071,641.94

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE HINESVILLE BANK Hinesville, Ga.

As called for by the Superintendent of Banks.

T. H. McDOWELL, President.
Date of Charter:. 9-4-1911

W. F. MARTIN, JR., Cashier.
Began Business: 11-15-1911

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection........ $ 297,854.76

United States Government obliga-

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

356,843.75

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

subdlVlSlODS -------- Other bonds, notes, and debentures

227,000.00 None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

499,400.08

Bank premises owned, furniture and

fixtures ..............................................

8,277.16

Real estate owned other than bank

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

11,218.75

Investments and other assets indi-

rectly representing bank premises

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

34,096.73

Customers' liability to this bank on

acceptances outstanding________

None

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

6,737.98

Total Assets --- $ 1,440,429.21

LIABILITIES Demand depasits ................................ $ Time deposits ...................................... Depasits of U. S. Government........ Deposl~s. _of States and political
SubdlVlBlOnS ...................................... Depasits 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 --- SCuarppiltuals ....................-.-..-.-............................ Undivided profits ................................
Reserve ------

1,019,538.87 63,1168.63 10,666.10
!99,427.11 105.78
6,857.80 None
None 1,147.88 30,000.00 40,000.00 30,460.00 38,367.09

Total Liabilities ........................ $ 1,440,429.21

THIRTY-FOURTH ANNUAL RE.PORT

77

STATEMENT

Showing condition at the close of business December 31, 1953, of

EMPIRE BANKING COMPANY Homerville, Ga.

As called for by the Superintendent of Banks.

J. L. SUMMERLIN, President.
Date of Charter: 3-1-1945

MARCUS SMITH, Cashier.
Began Business: 6-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and 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 ___________________________________

520,373.14 250,000.00
5,000.00 None None
356,976.77 29,487.05 None
None None None

Total Assets ----------- $ 1,161,836.96

LIABILITIES
Demand deposits --- $ Time deposits -------- Deposits of U. S. Government ------Depos!~s. .of States and political
subdiVISions ........................................ Deposits of banks _____________.,______________
Other deposits (certified and officers' checks, etc.) ......................_______ _
Bills payable______________________.,______________
Acceptances executed by or for account of this bank and outstanding --------------------------------------
Other liabilities ------------------ Capital ------------- Surplus ---------------------Undivided profits ----- Reserves ..................................................

681.701.92 237,400.28
10,000.00
167,026.53 None
1,143.69 None
None 2,000.00 25,000.00 25,000.00 12,564.54
None

Total Liabilities -- $ 1,161,836.96

STATEMENT

Showing condition at the close of business December 31, 1953, 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, in-

cluding reserve balances, and cash

items in process of collection........ $ 38,897.82

United States Government obliga-

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

7,000.00

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

subdJVlSlODS -------------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

Federal Reserve Bank) ________

None

Loans and discounts (including

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

79,514.07

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

1,304.03

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

None

Investments and other assets indi-

or erc tol yt h er er prreeasle netsitnagt eb__a__n__k____p__r_e__m___i_s__e_s

None

Customers' liability to this bank on acceptances outstanding__________

None

- - - - Other assets --

None

Total Assets ---------- $ 126,715.92

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

89,010.97 800.00 None
None None
None None
None 109.84 25,000.00 9,000.00 2,795.11 None

Total Liabilities ------ $ 126,715.92

78

DEi'ARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, of
JASPER BANKING COMPANY Jasper, Ga.

As called for by the Superintendent of Banks.

R. M. EDGE, President.
Date of Charter: 1-17-1945

JAY L. HARRISON, Cashier.
Began Business: 3-12-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $ United States Government obligation. 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
Baonvkerpdrreamftiss)es -o--w---n--e-d--,--f-u-r-n-i-tu-re--a--nd-
d'ixtwes ----- Real estate owned other than bank
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 .................................. $

545,062.27 830,727.65
None None None 626,533.77 18,045.14 None
None None 257.30 2,020,626.13

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposi~s. .of States and political
subdivisiOns ........................................ Deposits of banks __________________________
Other deposits (certified and offiBicllesrsp'aycahbelcek_s__,__e__t_c__._)___._._._._.._._._._._._.._._._._._.._._._._._.._._._.
Acceptances executed by or for account of this bank and outstanding -------------------~------------------
Other liabilities ....................................
Capital --------------------------------------------Surplus .................................................... Undivided profits ................................ Reserves ..................................................

1,168,651.61 418,742.43 30,862.26
270,500.76 None
None None
None None 25,000.00 25,000.00 56,869.07 25,000.00

Total Liabilities ............................ $ 2,020.626.13

STATEMENT

Showing condition at the close of business December 31, 1953, 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

V. H. STEPHENS, 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........ Obliga~io_n~ of States and political
subdtvJsJOns --------------------------------Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ------------------Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than ban 1r
premises ------------------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding____________
Other assets ............................................

256,771.48 1,022,814. 76
None 12,493.67
None 240,922.83
6,465,34 None
None None None

Total Assets ................................ $ 1,539,468.08

LIABILITIES Demand deposits ................................ $
T"ime deposits ----- Deposits of U. S. Government........ Deposi~. .of States and political
DeSpUolxsiiltVslSolOf DbSank.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 -----

782,396.76 120,620.41
73,714.66
453,0ll.86 None
2,002.69 None
None 2,500.00 25,000.00 25,000.00 44,244.96 10,976.74

Total Liabilities ........................ $ 1,539,468.08

THIRTY-FOURTH ANNUAL REPORT

79

STATEMENT

Showing condition at the close of business December 31, 1953, of

STATE BANK OF KINGSLAND Kingsland, Ga.

As called for by the Superintendent of Banks.

EDMUND GROSS 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........ $ 315,525.46

United States Government obliga-

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

619,518.50

Obliga!i~n.s of States and political

subdtVlSIOllS ....................

1,500.00

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (inc I u ding

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

600,058.74

Bank premises owned, furniture and

fixtures ................................................

4,205.25

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 ................................ $ 1,540,807.95

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

536,357.21 536,074.00
None
326,415.87 None
1,892.61 None
None None 50,000.00 50,000.00 15,000.00 25,068.26

Total Liabilities ............................ $ 1,540,807.95

STATEMENT

Showing condition at the close of business December 31, 1953, of THE BANK OF LAFAYETTE Lafayette, Ga.
As called for by the Superintendent of Banks.

BOB D. GILBERT President
Date of Charter: 11-13-1889

W. L. BAKER Cashier
Began Business: 1899

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proeess of collection........ $ United States Government obligations, direct and guaranteed........ Obligations of States and political subdivisions ...................................... Other bonds, notes, and debentures.. Corporate stock (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 ........................................

761,213.92 1,373,970.49
813,004.12 None None
876.482.36 25,851.20
1,200.00
None None None

Total Assets .................................. $ 3,851,722.09

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

2,096,485.86 932,736.39 82,798.17
437,270.45 None
1,285.43 None
None 8,026.42 100,000.00 120,000.00 53,299.79 19,819.58

Total Liabilities ............................ $ 3,851,722.09

80

DE,'PARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS & SOUTHERN BANK OF LaGRANGE LaGrange, Ga.

As called for by the Superintendent of Banks.

OLIN F. FULMER, 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-
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 ------

2,252,202.16 4,956,196.19 1,556,813.29
None None 6,388, 716.46 144,977.01 None
None None 40,027.70

Total Assets .................................. $ 14,338.931.80

LIABILITIES Demand deposits ................................ $
Time deposits -------- Deposits of U. S. Government........ Depo~i~. ?f States and political
SUbillVlSlODS ...............................
Deposits of banks ................................ Other deposits (certified and offiBicllesrsp'aycahbelcek__s_,____e_t_c__._)____._.._._._._.._._._._.._._._._.._._._._._.._..
Acceptances executed by or for account of this bank and outstanding ------------------------------------------
Other liabilities .................................. Capital ------------------------------------------------
Surplus --- Undivided profits .............................. Reserves ..................................................

8,252,494.08 3,274,599.04
261,686.82
1.,128,369.20 64,352.67
76,061.97 None
None 560,279.52 200,000.00 400,000.00
83,593.56 37,495.04

Total Liabilities ........................ $ 14,338,931.80

STATEMENT

Showing condition at the close of business December 31, 1953, of

LaGRANGE BANKING COMPANY LaGrange, Ga.

As called for by the Superintendent of Banks.

C. W. CURRY, President.
Date of Charter: 7-8-1941

NEIL GLASS, Cashier.
Began Business: 9-15-1941

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 665,575.43

United States Government obliga-

tions, direct and guaranteed........ 1,2M,432.80

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

SU!xllVISlOllS ......................................

438,848.50

Other bonds, notes, and debentures..

180,037.50

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ........................................ 1,'713,360.05

Bank premises owned, furniture and

fixtures -- Real estate owned other than bank

103,732.93

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 .................................. $ 4,386,987.21

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

Deposits of U. S. Government.......... Deposi~ . .of States and political
subdlVISIOllS ........................................

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

2,598,145.38 1,064,372.82
107,775.27
273,865.50 5,636.63
None None
None 45,909.07 100,000.00 100,000.00 16,799.52 78,483.02

Total Liabilities ............................ $ 4,385,987.21

THIRTY-FOURTH ANNUAL REPORT

81

STATEMENT

Showing condition at the close of business December 31, 1953, 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 :lash, 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
subdivistons -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)----- Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises --------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate ---------------------Customers' liability to this bank on
acceptances outstanding_____________
Other assets.........---------------------------

326,307.14 838,000.00
None None None 260,146.98 13,818.02 None
None None None

Total Assets ................................ $ 1,438,272.14

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government ........ Deposl!". _of States a.nd 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 -----------

910,821.11 384,565.40
None
46,029.62 None
2,739.87 None
None 750.00 25,000.00 25,000.00 18,366.14 25,000.00

Total Liabilities .......................... $ 1,438,272.14

STATEMENT Showing condition at the close of business December 31, 1953, 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-
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
su bd1visions ---------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ................... Loans and discounts (including
overdrafts) ........................................ Bank p:remises owned, furniture and
fixtures .......................................... Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate________________________
Customers' liability to this bank on acceptances outstanding_______________
Other assets___________________________________

388,963.54 1,352,167.98
None None None 323,738.75 15,569.99 None
None None None

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

1, 755,953.38 27,489.86 29,017.97
115,875.09 None
26,062.35 None
None 1,888. 71 25,000.00 85,000.00 14,152.90
None

Total Assets ................................ $ 2,080,440.26

Total Liabilities ............................ $ 2,080,440.28

82

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE BRAND BANKING COMPANY Lawrenceville, Ga.

As called for by the Superintendent of Banks.

BARTON MORGAN, JR., President.
Date of Charter: 6-2-1905

HARRISON W. BRASELTON, Assistant Cashier.
Began Business: 7-17-1905

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

434,401.79 871,612.85 232,613.73
18,600.94 3,000.00
648,820.01 36,396.54 2,000.00
None None None

Total Assets ........................................ $ 2,247,445.86

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government ........ Deposl~s. .of States and political
subdlvtSlOnS ...................................... 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 -------- -------------------------------------

902,352.18 834,775.40
7,185.04
274,557.87 None
424.37 None
None None 50,000.00 50,000.00 128,151.00 None

Total Liabilities ............................ $ 2,247,445.86

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE STATE BANK OF LEESBURG Leesburg, Ga.
As called for by the Superintendent of Banks.

T. R. CANNON, President.
Date of Charter: 4-9-1947

T. R. CANNON, Cal!hier.
Began Business: 12-1-1947

ASSETS

CMh, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 247,923.74

United States Government obliga-

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

260,001.56

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) ........................................

75,400.57

Bank premises owned, furniture and

fixtures --Real estate owned other than bank

7,004.96

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

None

Investmeitts and other assets indi..

rectly representing bank premises

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

None

Customers' liability to this bank on

acceptances outstanding________________

None

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

288.67

Total Assets ................................ $ 590,619.50

LIABILITIES Demand deposits ................................ $
Time deposits --------------- Deposits of U. S. Government ------Deposi~s. _of States and political
subd1VlSIODS ----- 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 ------------

322,202.51 19,309.41 None
192,762.06 None
None None
None 2,427.03 25,000.00 5,000.00 23,918.49
None

Total Liabilities ..

$ 590,619.50

THIRTY-FOURTH ANNUAL REPORT

83

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF LENOX Lenox, Ga.

As called for by the Superintendent of Banks.

R. H. ROBINSON, President.
Date of Charter: 6-20-1907

W. M. REVELS, Cashier.
Began Business: 6-25-1907

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

245,804.95 677,265.63
77,140.81 115,000.00
None 371,102.06
3,707.62 3,500.00
None None None

Tots! Assets ................................ $ 1,493,521.07

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposi?'..of States and political
subdtVlSlODS ............................
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 -----------

622,036.98 386,297.80
18,825.28
90,482.60 41,401.34
1,558.45 100,000.00
None None 50,000.00 150,000.00 12,052.63 20,865.99

Total Liabilities ............................ $ 1,493,521.07

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga!i<?n.s of States and political
SUbdlVlSIOllS --------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-------------------Loans and discounts (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 acceptanees outstanding____________ _
Other assets ............................................
Total Assets ................................ $

326,5'716.20 78,059.14 None None None 155,243.84 2,239.06 None
None None None 562,118.24

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Dep'!si.~ of States and political
subdtvtsxons ---------------- Deposits of banks.................................. Other deposits (certified and offiBicllesrs'pacyhaebckles_.__e__t_c__._)_-__-_-__-_-_-__-_-__-_-_-__-_-_-__-_-__-_-_-__-_-
Acceptances executed by or for account of this bank and outstanding -----------------------------------------
Other liabilities ..................................
Capital -----------------------------------------Surplus .................................................. Undivided profits ................................
Reserves -------------------------------------

426,239.77 75,048.17 None
4,193.33 5,000.00
None None
None 1,500.00 25,000.00 20,000.00 6,136.97
None

Total Liabilities ............................ $ 562,118.24

l

84

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANKING COMPANY Lexington, Ga.

As called for by the Superintendent of Banks.

W. E. EVANS, President.
Date of Charter: 2-7-1949

W. E. EVANS, Cashier.
Began Business: 3-10-1949

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~io_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 fixtulres ............................................ 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 ..........................................
Total Assets ................................ $

157,991.38 171,609.88
None None None 152,653.11 2,4:.'7 .58 None
None None 1,002.48 486,734.48

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government ........ Deposl.ts.. of States and political
subdiVISIOnS ...............................
Deposits of banks ................................ Other deposits (certified and offi-
cers' cheeks, etc.) ............................ Bills payable ..............................--------Acceptances executed by or for ac-
csotaunndt inogf ..t.h..i..s......b._a__n__k_____a__n__d_____o__u__t_-_
Other liabilities ....................................
Capital ---------------------------------Surplus --------------------------------------Undivided profits ................................ Reserves ___________ ---------------------------------

297,126.96 58,289.68
2,000.00
70,000.00 17,668.76
1,608.67 None
None None 26,000.00 6,000.00 9,04UT None

Total Liabilities .......................... $ 485,734.48

STATEMENT
Showing condition at the close of business December 31, 1953, of
FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks.

J. J. HARNESBER'GER, President.
Date of Charter: 9-26-1911

GEO. C. LEVERETT, JR., Cashier.
Began Business: 12-2-1911

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

378,349.69 835,304.27 70,794.47
None None 391,319.88
2.00 None
None None 35.32

Total Assets .................................. $ 1,675,805.63

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.. ...... Deposi!s..of States and political
sU'bod.lVISIODS ..................
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 ................................................

828,347.84 426,992.63
12,881.68
251,493.99 None
1,162.00 None
None 2,761.06 50,000.00 50,000.00 29,420.02 22,756.52

Total Liabilities ............................ $ 1,675,805.63

l

THIRTY-FOURTH ANNUAL RE.PORT

85

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEOPLES BANK Lithonia, Ga.

As called for by the Superintendent of Banks.

I. M. STARR, JR. President.
Date of Charter: 8-26-1910

J. C. 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_:. of States and political
SUbdiVISIOnS --------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ----------------------------------lnvestments and other assets indi-
orerctolytherer prreeaslenetsitnagteb__a__n__k____p__r_e__m___i_s__e_s
Customers' liability to this bank on acceptances outstanding---
Other assets.----------------

223,138.61 630,106.25
None None None 149,906.03 5,674.10 None
None None None

Total Assets .................................. $ 1,008,824.89

LIABILITIES 'Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government..__ Deposits of States and political
subdivisions ........................................ Deposits of banks ................................ Other deposits (certified and otll-
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 ................................................

682,894.60 48,700.77 None
130,213.13 63,441.40
20,202.69 None
None 2,500.00 25,000.00 25,000.00 10,872.50 16,000.00

Total Liabilities ........................ $ 1,008,824.89

STATEMENT

Showing condition at the close of business December 31, 1953, 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

JULIAN A. BROWN, 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 subdivisicms ---------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)_________________ Loans and discounts (including overdrafts) ........................................ Bank premises owned, furniture and fixtures ................................................ Real estate owned other than bank
premises-----------------------------------Investments and other assets indi..
rectly representing bank premises or other real estate ............----------Customers' liability to this bank on acceptances outstanding____________
Other assets------------------------
Total Assets ................................ $

102,930.85 169,000.00
None None None 177,735.60 1,000.00 None
None None None 440,666.45

LIABILITIES Demand Deposits .............................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposits of States and political D espuobsdiitvs i soifo nbsa n.k...o.._._.._._._._.._._._.._._._.._._._.._._._._.._._._.._._._.._.
Other deposits (certified and otllcers' checks, etc.) ............................
Bills payable..------------------------------Acceptances executed by or for
account of this bank and outOtshtaenr dliinagb-i-l-i-t-i-e-s-.-.-_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-_-_-_--_-_-_-
Capital .................................................... Surplus .................................................... Undivided profits ................................
Reserves -----------------

368,349.69 None 72.20
31,772.93 None
None None
None None 30,000.00 12,000.00 8,471.63 None

Total Liabilities ........................ $ 440,666.46

86

DEPARTMENT OF BANKING

STATEMENT Showing condition at the dose of business December 31, 1953, 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

G. E. BORDEN 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.......... Obliga~i'?~s of States and political
subdiVIstOns -----------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-----------------Loans and discounts (including
overdrafts) --------------Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
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 ................................ $

40,142.77 121,350.84
None None None 191,910.71 6,450,00 None
None None 534.80 360.389.12

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposi~. _of States and political
SU'bdtVISlODS .......................
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 ................................................

234,053.76 21,029.64 1,292.03
51,776.95 None
65.61 None
None 1,500.00 25,000.00 17,500.00 6,421.18 1,750.00

Tots! Liabilities ---------------------------- $ 360,389.12

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF LUMBER CITY Lumber City, Ga.

As called for by the Superintendent of Banks.

J. H. WILCOX President.
Date of Charter: 5-22-1945

D. WILCOX, SR. Cashier.
Began Business: 7-2-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances. and cash

items in process of collection ........ $ 193,739.58

United States Government obliga-

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

110,000.00

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

SUbdiVISIODS -------------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

122,735.18

fixtures ---- Real estate owned other than bank

5,094.71

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 ................................ $ 431,569.47

LIABILITIES Demand deposits ----------- $ Time deposits __ -----------------------------------Deposits of U. S. Government..........
Deposi~s. .ot States and political
subdiVISIODS ...................................... 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 Jiabilities...........----------------------Capital ------------------------------------------Surplus ________ ---------------------------------Undivided profits ................................
Reserves ------

308,951.86 None
3,093.75
64,074.04 None
1, 786.89 None
None None 25,000.00 5,000.00 22,361.42 1,301.51

Total Liabilities .......................... $ 431,569.47

1

THIRTY-FOURTH ANl\l"lJAL REPORT

87

STATEMENT

Showing condition at the close of business December 31, 1953, 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.
Eegan Business: 12-1911

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

606,458.60 547,540.19
None None None 236,648.82 16,133.91 None
None None None

Total Assets ................................ $ 1,406,781.52

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government....... . Deposi~s. _of States and political
subdiVISIOllS ......................................
Deposits of banks.... ------------------------Other rleposit ( eertifiel and offi
cers' checks, etc.) ............................ Bills payable..____________ ---------------Acceptances executed by or for
account of this bank and outstanding ------------------------------------------Other liabilities ..................................
SCuarppiltuasl ....................-.-............................... Undivided profits ................................
Reserves ---------

1,045,126.01 71,595.08 15,906.31
153,060.74 None
1,187.61 None
None 12,143.62 50,000.00 50,000.00
762.15 7,000.00

Total Liabilities ............................ $ 1,406,781.52

STATEMENT

Showing condition at the close of business December 31, 1953, of

LUTHERSVILLE BANKING COMPANY Luthersville, Ga.

As called for by the Superintendent of Banks.

L. W. McKOON President.
Date of Charter: 10-11-1905

L. W. McK:OON Cashier.
Began Business: 8-3-190G

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

77,930.03 289,907.00
None 5,000.00
None 234,917.53
521.00 None
None None None 608,275.56

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government.____ Deposi~s. .of States and political
subdtVlSlODS ..................................
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 ..................................................

442,678.09 82,578.33 None
36,756.34 None
2,864.23 None
None 1,941.48 25,000.00 5,000.00
None 11,457.09

Total Liabilities ............................ $ 608,275.56

1

88

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEOPLES BANK OF LYONS Lyons, Ga.

As called for by the Superintendent of Banks.

W. HOLLOWAY, President.
Date of Charter: 5-4-1935

OWEN V. WHITMAN, Cashier.
Began Business: 6-1-1935

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~i<?n.s of States and political subd1vts1ons ........................................ Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----------Loans and discounts (inc I u d in g
overdrafts) ----- Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi..
rectly representing bank premises
or other real estate ----------------- ------Customers' liability to this bank on
acceptances outstanding_____________
Other assets ------------

324,780.24 1,056,774.20
27,000.00 None None
513,032.58 12,735.06 None
None None None

Total Assets -- $ 1,934,322.08

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposits o! 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 -----------------------------

1,357,104.63 125,712.13 9,247.26
292,313.38 16,103.18
4,874.19 None
None None
ro2o5,,o0o0o0..o0o0
3,967.31 None

Total Liabilities ............................ $ 1,934,322.08

STATEMENT

Showing condition at the close of business December 31, 1953, 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

R. E. MANN, 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 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 ---- [nvestments and other assets indi..
rect]y representing bank premises
or other real estate ------------Customers' liability to this bank on
acceptances outstanding---------
Other assets...-----------------

581,950.21 1,219,600.00
81,000.00 None None
623,256.06 3 , 0 0 2 . 77
1.00
None None None

Total Assets -- $ 2,508,810.04

LIABILITIES Demand deposits ................................ $
Time deposits -------------Deposits of U. S. Government.......... Deposi~s. _of States and political
subd1v1sions ------------------ 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 ................................................

1,710,425.97 84,842.48 24,881.69
402,109.26 16,408.80
14,914.54 None
None 36,384.65 50,000.00 100,000.00 35,000.00 33,842.65

Total Liabilities .......................... $ 2,508,810.04

THIRTY-FOURTH ANNUAL REPORT

89

STATEMENT

Showing condition at the close of business December 31, 1953, 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 subdtVlSlOnB ...................................... Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ......----Loans and discounts ( inc I u din 1:
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi.-
rectly representing bank premises
or other real estate -----Customers' liability to this bank on
acceptances outstanding________
Other assets ---------------

1,368,843.23 3,791,554.00
199,994.88 500.00 None
2,350,854.57 27,951.00 None
None None 412.98

Total Assets .................................. $ 7,740,110.66

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

4,089,089.47 1,910,163.13
117,004.67
792,236.71 51,113.40
13,969.39 None
None 74,942.12 275,000.00 375,000.00 41,591.77
None

Total Liabilities .....

$ 7,740,110.66

STATEMENT

Showing condition at the close of business December 31, 1953, 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 ........ Ob!iga~i?~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......-----------------

369,161.20 452,600.00
31,582.00 None None
692,264.81 10,045.39 None
None None None

Total Assets ................................ $ 1,555,653.40

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 ac-
count of this bank and outstand-
ing --------------------------------------------------Other liabilities ....................................
Capital -----------------------------------------------Surplus -------------------Undivided profits ................................
Rserves ---------

883,242.95 281,062.38
6,303.25
209,685.03 None
1,176.00 None
None None 60,000.00 40,000.00 84,183.79 None

Total Liabilities ............................ $ 1,555,653.40

90

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks.

JAMES S. PETERS, President.
Date of Charter: 1-28-1910

CLATTDE A. BRAY, Cashier.
Began Business: 2-2-1910

ASSETS Cuh. balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $
United States Government obllgations, 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 --------------------

650,383.69 631,910.75 152,358.11
None None 846,567.27 10,520.48 7,281.03
None None 3,266.56

Total Assets ------ $ 2,302.287.89

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 outstanding -------~~-------~-------------------------Other liabilities -------------- Capital ...................................................
Surplus -------------Undivided profits ------- Reserves ............................... ................

1,012,403.91 551.684.20 25,548.11
423,329.08 None
2,002.99 None
None 53,154.42 50,000.00 125,000.00 39,165.18 20,000.00

Total Liabilities -------- $ 2,302,287.89

STATEMENT

Showing condition at the close of business December 31, 1953, of

FARMERS & MERCHANTS BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks

R. S. McDONELL, President.
Date of Charter: 10-7-1947

BEN W. KEY, JR., 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........ Obliga!ic;n.s of States and political

BUhdlVISlODS ........................................

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

329,218.89 220,000.00 26,474.08
None None 422,996.29 6,141.68 None
None None 535.12

Total Assets -------- $ 1,004,366.06

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

397,163.08 236,808.83
6,846.78
257,695.00 None
2,811.45 None
None 2,505.00 60,000.0() 16,000.00 21,046.92 15,000.00

Total Liabilities ------- $ 1,004,366.06

THIRTY-FOURTH ANNUAL REPORT

91

STATEMENT

Showing condition at the close of business December 31, 1953, 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
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
SUbdiVISlODS -------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)-Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures --------- Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi
rectly representing bank premises or other real estate _______________________
Customers' liability to this bank on acceptances outstanding-------------
Other assets --------------------------
Total Assets ................................ $

195,606.61 l10,722.40
None None None 241,351.07 2,044.38 None
None None None 549,724.46

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi~s. _of States and political
subdlVlSlODS ....................................
Deposits of banks..........- ...................... Other deposits (certified and offi-
cers' checks, etc.) ............................. Bills payable ......--------- Acceptances executed by or for ac-
count of thia hank and outstand-
ing --------------------------------------Other liabilities .................................. Capital .................................................... Surplus .................................................. Undivided profits ................................
Reserves -------------------------------------

283,550.98 87,297.44
354.72
117,137.12 None
238.16 None
None 214.70 25,000.00 25,000.00 10,931.34 None

Total Liabilities ........................ $ 549,724.46

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ Ohliga!i<?n.s of States and political
SUtxilVlSlODS ...................
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 aiiSets indi-
rectly representing hank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding_______________
Other assets ..........................................

1,140,302.45 1,261,000.00
310,381.43 None None
1,906,198.95 61,125.97 None
None None 24,174.09

Total Assets .................................. $ 4,703,182.89

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ De~o~i!s of States and political sub-
diVISIOns ........................................
Deposits of banks ................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Bills payable .... ------------ Acceptances executed by or for ae-
count of thio hank and outstand-
ing ........................................................ Other liabilities .................................. Capital .................................................... Surplus ................................................... Undivided profits ................................
Reserves -----------------------------------------------

3,043,174.73 528,092.29 74,106.49
702,251.68 4,391.11
None None
None 18,307.76 160,000.00 100,000.00 82,858.93
None

Total Liabilities .......................... $ 4,703,182.89

92

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS BANK Marshallville, Ga.

As called for by the Superintendent of Banks.

C. C. HASLAM, President.
Date of Charter: 12-24-1906

C. C. HASLAM, Cashier.
Began Business: 1-1-1907

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

132,972.88 52,900.00
None None None 313,018.24
2.00 None
None None 32.39 498,925.51

LIABILITIES
Demand deposits ----------------------- $ DTiempoesidtespoofsitUs . --S--.--G--o--v-e--r-n---m---e--n--t--_-__-_-_-_-_-_-Deposi~. .or States and political
subdtvxstons ........................................ Deposits of banks--------------------------Other deposits (certified and offi-
cers' checks, etc.) -----------------------Bills payable ---------------------------------Acceptances executed by or lor ac-
count of this bank and outstand-
ing---- Other liabilities .................................... Capital ---------------------------------------------Surplus --------------------------------------------Undivided profits ----------------------- Reserves ..................................................

289,315.52 108,167.47
None
5,816.10 None
5,335.53 None
None 369.87 30,000,00 30,000.00 24,000.00 5,921.52

Total Liabilities ------------------------ $ 498,925.51

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
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 subdJvJsions ...................................... Other bonds, notes and debentures Corporate stocks (including stock of Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ----------------------------.Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
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 ----------------------------- $

139,625.32 25,000.00 None None None
110,072.66 1,600.00 None
None None None 276,297.98

LIABILITIES

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

subdJVISIOUS - 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 ---

131,090.73 80,436.03 None
10,506.41 None
11,975.94 None
None None 25,000.00 10,000.00 7,288.87 None

Total Liabilities ------------------------ $ 276,297.98

1

THIRTY-FOURTH ANNUAL REPORT

93

STATEMENT
Showing condition at the close of business December 31, 1953, of
BANK OF MEIGS Meigs, Ga.

As called for by the Superintendent of Banks.

LEO. 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 oblilcations, 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 outstandiDK'---------------Other assets............................................
Total Assets ................................ $

366,692.60 316,440.15
None None None 249,071.41
2.00 None
None None None 932,206.16

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government.......... Deposl~s. _of States and political
subdlVlSlODS ..................................
Deposits of banks ................................ Other deposits (certified and offi
cers' checks, etc.) ............................ BiUs payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing uOther liabilities .................................... Capital ....................................................
Surplus .................................................... Undivided profits ........................ Reserves .................................

627,303.19 178,981.96
6,000.00
43,609.08 28,712.28
210.64 None
None 9,436.92 60,000.00 60,000.00 13,952.20 25,000.00

Total Liabilities .......................... $ 932,206.16

STATEMENT

Showing condition at the close of business December 31, 1953, of

METTER BANKING COMPANY Metter, Ga.

As called for by the Superintendent of Banks.

M. E. TRAPNELL,
President. Date of Charter: 7-25-1930

D. J. 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 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 ..........................................

315,123.30 1,199,622.63
17,750.00 None None
919,904.68 11,116.08 None
None None 6,955.39

Total Assets .................................. $ 2,470,472.08

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.) ............................
BiUs payable................--Acceptances executed by or for ac-
count of this bank and outstand-
ing uOther liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ...........................
Reserves -

1,618,386.0'7 428,218.40 28,081.46
181,190.97 None
12,701.16 None
None 30,647.60 60,000.00 60,000.00 21,347.43 60,000.00

Total Liabilities ............................ $ 2,470,472.08

94

DEPARTMENT OF BANKING

STATEMENT

Showin,g condition at the close of business December 31, 1953, of

BANK OF MIDVILLE Midville, Ga.

As called for by the Superintendent of Banks.

J. B. THURMAN President.
Date of Charter: 4-13-1945

R. H. SIMS Cashier. Began Business: 5-21-1945

ASSETS

Cash, balances with other banks, In-

cluding reserve balances, and cash

items in process of collection........ $ 68,635.44

United States Government obliga-

tions, direct and guaranteed ______

60,000.00

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

subdtvratons ......................................

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

298,489.76

Bank premises owned, furniture and

fixtures ................................................

3,000.00

Real estate owned other than bank

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

None

Investments and other aBSets indi-

rectly representing bank premises

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

None

Customers' liability to thia bank on

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

None

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

None

Total Assets ................................ $ 430,125.20

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government.... Deposi?'..of States and political
DeSpUobsdiitVaISIoOfnSbanks.........-....................... Other deposita (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 -------

276,132.45 50,013.91 None
39,281.91 6,000.00
1,112.55 None
None 3,815.29 25,000.00 15,000.00 10,269.09 4,500.00

Total Liabilities ............................ $ 430,125.20

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF MILAN Milan, Ga.

As called for by the Superintendent of Banks.

W. C. McCRANIE, President.
Date of Charter: 12-5-1906

JACK B. WETHERINGTON, Cashier.
Began Business: 10-1906

ASSETS

Caah, balances with other banks, In-

eluding reserve balances, and cash

items in process of collection........ $ 301,047.58

United States Government obliga-

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

271,518.00

Obllga~i'?n.s of States and political

subdtvrsrons --------------------------------

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

190,211.38

Bank premises owned, furniture and

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

750.60

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

None

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to thla bank on

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

None

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

None

Total Assets ................................ $ 763,527.56

LIABILITIES

Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government ........ ,Deposi~s. _of States and political

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

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

Bills payable ........

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

Acceptances executed by or for ac-

count of this bank and outstand-
ing ........................................................
Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ................................ Reserves ..................................................

575,439.77 54,892.05 4,837.50
51,968.28 964.64
None None
None 50.10 25,000.00 25,000.00 15,492.26 9,882.96

Total Liabilities ............................ $ 763,527.56

l

THIRTY-FOURTH ANNUAL RE.PORT

95

STATEMENT

Showing condition at the close of business December 31, 1953, of

EXCHANGE BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

OTTO M. CONN President.
Date of Charter: 5-20-1903

OTTO C. MORRISON Cashier.
Began Business: 6-1-1903

ASSETS Caah, 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 ---------------- Inveatments and other assets indi-
rectly representing bank premises or other real estate........................ Cuatomers' liability to this bank on
acceptances outstanding.......- Other assets ..........................................

939,418.60 1,083,351.81
378,546.14 150,031.25
None 1,208,344.85
101,384.60 None
None None 15,056.00

Total Liabilities ----- $ 3,876,132.75

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi!>J. _of States and political
subdiVISIOnS ......................................
Deposits of banks ................................ Other deposita (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 ..................................................

1,509,873.35 1,020.124.59
47,361.88
810,027.21 170,445.86
9,935.57 None
No!le None 100,000.00 200,000.00 3,874.34 4,989.95

Total Liabilities ............................$ 3,876,132.75

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE .MERCHANTS AND FARMERS BANK Milledgeville, Ga.

As called for by the Superintendent of Banks.

J. F. BELL, JR., President.
Date of Charter: 3-22-1898

JOE COOPER, Cashier.
Began Business: 3-1898

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

913,569.25 1,113,542.19
129,041.24 None None
977,513.10 48,374.80 800.83
None None 1,516.37

Total Assets .................................. $ 3,184,357.78

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ De~o~i~s of States and political sub-
divisions ------ Deposits of banks ------- Other deposits (certified and offi-
cers' checks. etc.) ---Bills payable............................................ Acceptances executed by or for ae-
count of this bank and outstanding ........................................................
Other liabilities ---- Capital ......................................................
Surplus .......... ----------- Undivided profits ---- Reserves ................................................

1,360,183.25 930,386.88 40,410.29
574,145.55 None
3,231.45 No!le
None None 100,000.00 150,000.00 26,000.36 None

Total Liabilities .......................... $ 8,!84,357. 78

1

96

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
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
SUbdiVISIOnS -------------------------------------Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)................ :oans and discounts (including
overdrafts) --------------------------------------Bank premises owned, furniture and
fixtures ----------------------------------------------Real estate owned other than bank
premises ............................................ Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to thi1 bank on acceptances outstanding................. Other assets............................................

895,321.87 2,483,340.00
198,259.72 15,527.65 None
1,707,258.35 2.00
None
None None None

Total Assets .................................. $ 6,299,709.59

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

2,182,086.04 1,763,176.84
133,932.16
534,140.44 143,588.46
16,836.34 None
None 11,975.66 60,000.00 300,000.00 79,974.76 86,000.00

Total Liabilities ------------------------ $ 6,299,709.69

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF l\fiLLEN l\fillen, 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 obligatione, direct and guaranteed........ Obliga~i<;n.s of States and political
subdiVlSlOTIS -----------------------------------
Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank) ................ Loans and discounts (including
overdrafts) ---------------------------------------Bank premises owned, furniture and
fixtures ---------Real estate owned other than bank
premises ............................................ Investments and other assets indi-
rectly representing bank premises or other real estate.......................... Customers' liability to this bank on acceptances outstanding.................. Other assets.........................................._

477,505.67 942,443.34
None None None 1,130,952.66 43,246.16 None
None None None

LIABILITIES
Demand deposits --------------------------------- $ Time deposits ...................................... Deposits of U. S. Government .... _ Deposi~s. _of States and political
subdiVISlOTIS ......................................
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 .................................................

1,723,314.65 547,360.33 None
55,031.13 None
6,158.07 None
None None 60,000.00 150,000.00 62,283.65 None

rota! Assets ----------------------------- $ 2,594,147.83

Total Liabilities --------------------- ---- $ 2,594,147.83

1

THIRTY-FOURTH ANNUAL REPORT

97

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF MOLENA Molena, Ga.

As called for by the Superintendent of Banks.

W. 0. JORDAN, President.
Date of Charter: 10-7-1901

R. H. FLETCHER, Cashier.
Began Business: 3-1899

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed.......... Obliga~i?~ 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......................... Cut~tomers' liability to this bank on acceptances outstanding.................. Other assets ........................................
Total Assets ................................ $

207,162.07 125,450.00
4,795.12 None None
88,430.73 800.00 None
None None None 426,637.92

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

256,287.93 88,911.95 None
53,531.28 None
66.62 None
None 1,200.00 15,000.00 9,000.00 2,640.14
None

Total Liabilities .......................... $ 426,637.92

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS BANK Monroe, Ga.

As called for by the Superintendent of Banks.

C. R. BRADFORD, President.
Date of Charter: 1-1-1906

J. B. BUTTS, Cashier.
Began Business: 1-1-1906

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

845,729.50 993,282.57
88,367.70 None
6,000.00 1,390, 736.48
None None
None None None

Total Assets --- $ 3,324,116.25

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

1,987,028.02 600,870.55 52,422.25
374,070.31 None
2,246.64 None
None 25,553.88 100,000.00 100,000.00 81,924.60
None

Total Liabilities --------------- $ 3,324,116.25

1

98

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953

MONTEZUMA BANKING COMPANY Montezuma, Ga.

As called for by the Superintendent of Banks.

DR. T. M. ADAMS President
Date of Charter: 10-23-1948

R. B. KIMSEY Cashier
Began Business: 1-10-1949

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
subdiVISIOnS ..................................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ................ Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures -----Real estate owned other than bank
premises ............................................ Investments and other assets indi-
rectly representing bank premises or other real estate ........................ Customers' liability to this bank on acceptances outstanding ................ Other assets ........................................

336,850.96 445,493.15
None None None 457,687.01 19,977.58 None
None None 3,536. 79

Total Assets ................................ $ 1,263,545.49

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.) ............................ Bilsl payable ........................................ Acceptancea executed by or for ac-
count of this bank and outstanding ............................................ Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ................................
Reserves ..................................................

484,331.30 199,829.47
53,757.90
392,839.68 None
3,403.06 None
None 4,500.00 50,000.00 10,000.00 59.884.08 5,000.00

Total Liabilities .......................... $ 1,263,545.49

STATEMENT

Showing condition at the close of business December 31, 1953

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-
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 SUbdiVISlOnS ........................................ Other bonds, notes and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ................ Loans and discounts ( including overdrafts) .....................................--.
Bank premises owned, furniture and fixtures ..............................................
Real estate owned other than bank premises ............................................
Investments and other assets indi.. rectly representing bank premises
or other real estate ........................ Customers' liability to this bank on
acceptances outstanding ................ Other assets ........................................

2,391,181.06 2,910,135.53
189,733.32 50,000.00 10,600.00
4,493,131.12 45,244.96 None
None None 24,150.00

Total Assets .................................. $ 10,114,175.99

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

6,894,521.95 1,117,065.40
160,371.67
331,671.00 400,795.14
120,466.88 None
None 24,150.00 200,000.00 400,000.00 180,000.00 285,133.95

Total Liabilities .......................... $ 10,114,175.99

.,

THIRTY-FOURTH ANNUAL REPORT

99

STATEMENT Showing condition at the close of business December 31. 1953, of

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 ........ $ 410,021.53

United States Government obliga-

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

279,800.00

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

SUbdiVlSIODS ..............................

6,500.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

178,737.77

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

4,529.65

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 --------------------------- $ 879,588.95

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

506,138.58 113,236.09
None
!37.265.11 16,077.62
1,832.85 None
None 9,480.00 30,000.00 35,000.00 30,558.70
None

Total Liabilities .......................... $ 879,588.95

STATEMENT

Showing condition at the close of business December 31, 1953, 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, balancet 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 aubdlviaions ...................................... 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
premisea --------- 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 .................................. $

838,479.45 570,000.00
None None None 368,534.00 47,019.92 None
None None None 1,824,033.37

LIABILITIES Demand depasits ................................ $ Time depasits ........................................ Depasits of U. S. Government.......... Deposi!JI. .of States and political
subdtVlSlODS ...................................... 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 ..................................................

1,046,231.94 333,110.50 31,616.30
79,424.55 126,719.76
24,248.40 None
None 4,000.00 50,000.00 50,000.00 3,681.92 75,000.00

Total Liabilities .......................... $ 1,824,033.37

"1

100

DEPARTMENT OF BANKING

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

STATEMENT

Showing condition at the close of business December 31, 1953, 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, in-
cluing reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'?~s of States and political su'bdJVIStons ...................................... Other bonds, notes and debentures Corporate stocks (including stock of
Federal Reserve Bank)------------Loans and discounts (including
overdrafts) -- Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises -----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate --------------- _______ Customers' liability to this bank on
acceptances outstanding ---------------
Other assets ---------------

255,052.66 585,000.00
None None None 668,564.61 29,027.00 None
None None None

Total Assets ................................ $ 1,537,644.27

LIABILITIES Demand deposits ................................ $
Time deposits --- Deposits of U. S. Government........ Deposl~ . .of States and political
SU,bdlVlllODS .......................
Deposits of banks .............................. Other deposits (certified and offi-
ers' checks, etc.) ............................ Bills payable....-----------------------Acceptances executed by or for ac-
count of this bank and outstanding ......----- _________________________._________________
Other liabilities ....................................
Capital -----------------------Surplus ------------------------Undivided profits ................................
Reserves ----

869,879.85 267,107.33
70,528.35
137,870.16 7,692.12
4,597. 74 None
None 2,330.00 50,000.00 50,000.00 35,000.00 42,639.22

Total Liabilities ............................ $ 1,587,644.27

STATEMENT

Showing c:ondition at the c:lose of business Dec:ember 31, 1953, of

BANK OF NEWINGTON Newington, Ga.

As c:alled 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 obligation, direct and guaranteed ........ Obliga~i'?ns of States and political subdiVISions ........................................ Other bonds, notes and debentures Corporate stocks (including stock of Federal Reserve Bank)-------------Loans and discounts (including overdrafts) ........................................ Bank premises owned. furniture and
fixtures --------Real estate owned other than 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 ................................ $

76,174.19 75,000.00
None NoRe None '16,983.60 700.00 None
None None None 228,857.79

LIABILITIES Demand de!lOSits ........................ $........ $
Time deposits -------------------------------------Deposits of U. S. Government ..... Deposits of States and political
subdivisions ----------------------------------Deposits of banks ___
Other deposits (certified and officers' checks, etc.) ............................
Bills payable ---------- __ ----------------Acceptances executed by or for ac-
count of this bank and outstand-
ing-----------------------------------------------------Other liabilities....................--------- Capital ___ ---------------------------Surplus .................................................... Undivided profits ................................
Reserves -------------------------------------------------

195,030.29 None None
None None
662.28 None
None None 15,000.00 16,000.00 3,165.22 None

Total Liabilities ............................$ 228,857.79

1

THIRTY-FOURTH ANNUAL REPORT

101

STATEMENT Showing condition at the close of business December 31, 1953, of
BAKER COUNTY BANK Newton, Ga.
As called for by the Superintendent of Banks.

H. E. HALL, President.
Date of Charter: 10-4-1906

0. C. SINDERSINE, Cashier.
Began Business: 10-15-1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 282,032.27

United States Government obliga-

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

183,000.00

Obliga~i~n.s of States and political

SUbdlVJBIODS .......u

None

Other bonds, notes and debentures

None

Corporate stocks (Including stock of

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

None

Loans and discounts (including

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

210,704.86

Bank premises owned, furniture and

fixtures ..............................................

4,129.90

Real estate owned other than bank

premises ------ ..................................

2,600.00

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 ................................ $ 682,367.02

LIABILITIES Demand deposits .................................. $ Time deposits ...................................... Deposits of U. S. Government........ Deposi~s..of States and political
SUbdlVlSlODS ..................................
Deposits of banks................................ Other deposits (certified and offi-
cers' checks, etc.) --- Billa payable............................................ Acceptances executed by or for ac-
count of this bank and outstand-
ing- Other liabilities .................................... Capital ..................................................
Surplus . ------------------ Undivided profits ................................ Reserves ..................................................

343,033.71 65,890.32 738.61
176,998.27 None
1,486.27 None
None None 25,000.00 50,000.00 26,281.49 2,988.45

Total Liabilities ............................ $ 682,367.02

STATEMENT

Showing condition at the close of business December 31, 1953

NICHOLLS STATE BANK Nicholls, Ga.

As called for by the Superintendent of Banks.

ELMO TANNER Presider.t.
Date of Charter: 12-2-52

R. G. SCOTT Cashier.
Began Business: 1-2-53

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 86,807.85

United States Government obliga-

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

165,035.94

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

subdtVlSlOTIS ......................................

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

71,630.86

Bank premises owned, furniture and

fixtures ..............................................

6,013.19

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premies

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

None

Customers' liability to this bank on

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

None

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

None

Total Assets ................................ $ 321,387.83

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........
Deposi!s. _of States and political subdlVISlODS ........................................
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 ................................................

198,600.28 30,662.43 None
60,867.10 None
32.56 None
None None 25,000.00 15,000.00 1,336.47 None

Total Liabilities ........................ $ 321,8,87.83

-1

102

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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 process of collection ........ $ 99,315.12

United States Government obliga-

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

336,894.77

Obliga~i'!n_s of States and political

SUbdJVJSIODS _ ....................................

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

211,347.28

fixtures ................................................

7,300.00

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 .................................. $ 664,857.17

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

406,419.09 60,676.41 None
111,748.34 None
None None
None 7,231.34 30,000.00 20,000.01 18,781.99
None

Total Liabilities .......................... $ 654,857.17

STATEMENT
Showing condition at the close of business December 31, 1953, of BANK OF OCHLOCHNEE Oehlochnee, Ga.
As called for by the Superintendent of Banks.

W. H. WURST, President.
Date of Charter: 10-19-1906

A. E. SPEER, Cashier.
Began Business: 11-1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 329,461.30

United States Government obliga-

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

99,000.00

Obligations of States and political

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

35,318.80

Other bonds, notes and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ........................................ 201,843.11

Bank premises owned, furniture and

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

7,400.00

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

None

Investments and other assets indi-

rectly representing bank premises

or other real eatate........................

None

Customers' liability to this bank on

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

None

- - - - Other asseta............................................

None

Total Assets .................................... $ 673,023.21

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government............ Deposi~s. _of States and political
subdtVlSlODS ...........................
Deposits of banks ................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Billa payable............................................ Acceptances executed by or for ac-
count of this bank and outstand ing ........................................................ Other liabilities .................................... Capital .................................................... Surplus .................................................. Undivided profits ................................ Reserves ..................................................

336,301.34 219,790.70
3,622.44
35,269.74 24,174.39
199.}8 None
None 272.00 25,000.00 5,000.00 23,893.42 None

Total Liabilities .......................... $ 678,023.21

1

THIRTY-FOURTH ANNUAL REPORT

103

STATEMENT

Showing condition at the close of business Deeember 31, 1953, of THE FIRST STATE BANK Ocilla, Ga.
As called for by the Superintendent of Banks.

OTTO GRINER, President.
Date of Charter: 5-11-1943

E. J. PATTEN, Cashier.
Began Business: 6-1-1943

ASSETS Cash, balances with other banks, in-
cluding reserve balances., and cash items in proceas 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 ............................................

646,674.03 2,193,826.25
12,420.57 None None
692,746.31 10,674.34 None
None None None

Total Assets ................................ $ 3,556,341.50

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

2,106,779.70 828,001.06 81,029.34
251,799.21 4,852.71
11,011.93 None
None None 75,000.00 50,000.00 77,867.55 70,000.00

Total Liabilities .......................... $ 8,556,841.50

STATEMENT

Showing condition at the close of business Deeember 31, 1953, of

BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks.

JOHN F. WILLIAMS, President.
Date of Charter: 2-5-1901

MRS. BLANCHE R. WILLIAMS, Cashier.
Began Business: 2-8-1901

ASSETS Cash, balances with other banks, In-
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations. direct and guaranteed........ Ob!lga~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
Inpvreesmtmiseensts-andoth-erass--et-s---ind-irectly representing bank premises or other real estate.......................
Customers' 'liability to this bank on acceptances outstanding............
Other assets............................................

826,672.69 420,100.00
None None None 242,807.74
1.00 8.00
None None None

Total Assets ................................ $ 1,489,589.43

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposl~s ..of States and political
subdiVlSJODS ..........................
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 n-Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ................................ Reserves ..................................................

837,128.47 97,696.45 11,641.25
221,168.07 150,000.00
4,048.68 None
None 7,791.78 30,000.00 20,000.00 9.7,614.78 12,500.00

Total Liabilities ............................ $ 1,489,589.43

1

104

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE 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 banko, In-

cluding reserve balance1, and cash

items in process of collection --- $ 244,955.07

United States Government obliga-

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

241,800.00

Obligations of States and political

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

None

Other bonds, notes and debentures

None

Corporate stocks (including stock of

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

None

Loens and discounts (including

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

119,432.30

Bank premises owned, furniture and

fixtures

__

2.00

Real estate owned other than bank

premises ............................u

None

Investments and other aaaets indi-

rectly representing bank premises

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

None

Customers' liability to this bank

on accevtaneea outstanding............

None

- - - - - Other aB.Iets............................................

None

Total As sets ................................ $ 606,189.37

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

465,155.05 58,302.53 None
16,524.09 None
1,994.38 None
None None 25,000.00 10,000.00 10,213.32 19,000.00

Total Liabilities ~ $ 606,189.37

STATEMENT

Showing condition at the close of business December 31, 1953, 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-

eluding reserve balances, and cash

items in process of collection........ $ 282,139.99

United States Government obliga-

tions, direct and guaranteed --.

107,000.00

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

subdtVlSlODS -------------------------------------
Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

Federal Reserve Bank)----

None

Loans and discounts (including

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

66,423.73

Bank premises owned, furniture and

Refailxteusrteaste ownedother-tha..nbank

1.200.00

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

None

Investments and other assets indi-

rectly representing bank premises

or other real eotate............................

None

Customers' liability to this bank on

acceptances outstanding.......---

None

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

None

Total Assets .................................. $ 456,763.72

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government....___ Deposi~s..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 liabilties ....................................
SCuarppiltuasl ........-........-...-..-.....-..-...-..-.....-..-...-..-...-..-.. Undivided profits ................................
Reserves ------------------------------------

309,928.58 64,767.96 None
40,500.00 None
1,251.45 None
None None 15,000.00 20,000.00 5,315.73 None

Total Liabilities .......................... $ 456,763.72

.,

THIRTY-FOURTH ANNUAL REPORT

105

STATEMENT

Showing condition at the dose of business December 31, 1953, of

THE CITIZENS EXCHANGE BANK Pearson, Ga.

As called for by the SuperintendeRt 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........ Obliga~i'?n.s of States and political
subdlVlSlODB -------------------------------
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'3es -----------------------------------------Investments and other assets indi-
rectly repreoentlng bank premises or other real eotate............................ Customers' liability to this bank on acceptances outstandinK----~- Other assets--------~-------~-~--

619,625.49 550,000.00
None None None 350,219.96 4,452.95 None
None None None

Total Assets .................................. $ 1,524,298.40

LIABILITIES
Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Governmen(....... 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 -------------------------------

690,591.63 213,929.71
38,139.83
302,109.74 307,081.01
677.01 None
None 2,000.00 26,000.00
25,000.0~
19,769.47 None

Total Liabilities .......................... f 1,524,298.40

STATEMENT

Showing condition at the close of business December 31, 1953, of

FARMERS BANK OF PELHAM Pelham, Ga.

As called for by the Superintendent of Banks.

F. D. HOLLIS, President.
Date of Charter: 8-25-1902

R. T. MUGGRIDGE, JR. Cashier.
Began Business: 9-1-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $
United States Government obligations, direct and guaranteed........
Obliga!i~n.s of States and political 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 -----------------------------------------Investment& and other assets indi-
rectly representing bank premises
or other real estate............................
Customers' liability to this bank on acceptances outstanding..................
Other assets ...~--------~~--~-~-----~------~

495,008.16 1,259,300.00
45,064.43 None None
744,689.79 64,363.00 None
None None None

Total Assets ----- $ 2,608,425.38

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

1,258,350.29 546,136.44 6,274.27
lilt6,017.15 2,504.10
9,266.90 None
None 11,644.68 100,000.00 60,000.00 119,231.55
None

Total Liabilities .......................... $ 2,608,425.38

106

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the elose of business December 31, 1953, of

PELHAM BANKING CO. Pelham, Ga.

As called for by the Superintendent of Banks.

W. C. COOPER, President.
Date of Charter: 12-4-1936

W. W. CROSLAND, Cashier.
Began Business: 12-8-1936

ASSETS Cash, balances with otht'r 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 (ineluding
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises ------------------------------------------Investments and other assets indl-
reetl:r representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding__________
Other assets -
Total Assets ................................ $

463,871.89 649,201.51 128,721.48
None None 593,950.62 6,427.32 None
None None 582.04 1,842,754.86

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

884,589.47 516,929.66 42,920.44
278,365.08 None
5,492.41 None
None 6,150.95 25,000.00 66,000.00 18,306.85
None

Total Liabilities ............................ $ 1,842,754.86

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEMBROKE STATE BANK Pembroke, Ga.

As called for by the Superintendent of Banks.

C. L. GRUVER, President.
Date of Charter: 12-29-1937

E. B. MILES, Cashier.
Began Business: 2-11-1938

ASSETS Cash, balances with other banks, in-
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
SU'bd.lVISIODS -----
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)--Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate............................ Customers' liability to this bank on acceptances outstanding __~----~-------Other assets ........................................

445,600.50 180,050.00
5,158.07 25,000.00
None 516,229.86
4,400.00 None
None None 4,282.04

Total Assets ................................ $ 1,180,720.47

LIABILITIES Demand deposits ................................ $ Time deposits ...................................... Deposits of U. S. Government........ Deposl~s. _of States and political
SllhdlVlSlODS ..........................
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 ---

700,633.72 201,207.10
4,745.99
172,116.26 None
8,151.28 None
None 10,565.57 25,000.00 25,000.00
3,300.55 30,000.00

Total Liabilities .......................... $ 1,180,720.47

THIRTY-FOURTH ANNUAL REPORT

107

STATEMENT

Showing condition at the close of business December 31, 1953, of

PERRY LOAN & SAVINGS BANK Perry, Ga.

As called for by the Superintendent of Banks

C. E. ANDREW, President.
Date of Charter: 8-20-1889

M. M. DEAN, Cashier.
Began Business: 1889

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~ of States and political
SUlldlVISlODB ........................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) -----Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures -----------------------------------Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate --------------------Customers' liability to this bank on
acceptances outstanding ----------
Other assets -------------------------

ffii5,433.79 847,718.75
15,373.33 None None
814,527.00 2.00
None
None None None

Total Assets .................................. $ 2,533.054.87

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

1,518,236.87 224,813.22 7,958.80
408,439.71 None
9,761.56 None
None None 50,000.00 100,000.00 213,844.71 None

Total Liabilities ............................ $ 2,533.054.87

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF PINEHURST Pinehurst, Ga.

As called for by the Superintendent of Banks.

HOWELL PORTER, President.
Date of Charter: 1-1-1908

ALTON P. DRAUGHON, Cashier.
Began Business: 1904

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga~i<;m,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.________________________________

399,868.43 112,100.00
None None None 155,995.16
2.00 None
None None None

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

503,046.02 69,355.47 None
33,124.18 None
7,285.07 None
None None 25,000.00 25,000.00 5,154.85 None

Total Assets .................................. $ 667,965.59

Total Liabilities ............................ $ 667,965.59

.,

108

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

PITTS BANKING COMPANY Pitts, Ga.

As called for by the Superintendent of Banks.

A. C. SHELL, President.
Date of Charter: 6-2-1906

EDWIN W. SHELL, Cashier.
Began Business: 6-1906

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 322,247.55

United States Government obliga-

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

90,400.00

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

subdtvlBtons ---------- . --------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of Federal Reserve Bank)._________________

None

Loans and discounts (including

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

78,478.10

Bank premises owned, furniture and

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

1,251.00

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 .................................. $ 492,376.65

LIABILITIES Demand deposits ................................ $ Time dei>Osits ........................................ Deposits of U. S. Government.......... Deposi!-s..of States and political
subdtVlSlOllS ....................................
Deposits of banks --------------------------Other deposits (certified and offiBiciiesrps'aycahbelcek_s__,___e__t_c__._)____._.._._._._._._._._._.._._._._._._._._._.._._....
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-ti-e-s-_-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-_-__-_-__-_-
Capital ---------------------Surplus .................................................... Undivided profits ................................
Reserves ---------------------------

332,305.84 50,284.65 3,955.00
48,819.52 None
309.14 None
None None 25,000.00 25,000.00 6,702.50 None

Total Liabilities ----- $ 492,376.6&

STATEMENT Showing condition at the close of business December 31, 1953, of
THE BANK OF QUITMAN Quitman, Ga.
As called for by the Superintendent of Banks.

H. W. STUBBS, President.
Date of Charter: 12-31-1888

F. T. BENSON, Cashier.
Began Business: 12-31-1888

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations. direct and guaranteed ........ Obliga~i'?n.s of States and political SUbdiVISIOnS --- Other bonds, notes, and debentures Corporate t.ocks (including stock of Federal Reserve Bank)-------Loans and discounts (including
overdrafts) ---------Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
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 Aasets ................................. $

1,007,834.91 1,536,677.00
None None None 352,256.90 14,885.14 None

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi~s. _of States and political
subdtvistons ........................................ Deposits of banks .............................. 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 ..................................................

2,053,419.95 455,558.15 19,675.56
97,746.51 3,493.20
1,080.81 None
None 3,000.00 100,000.00 50,000.00 12,679.77 115,000.00

None

None None

--------------------------------------- 2,911,653.95

Total Liabilities ............................ $ 2,911,653.95

1

THIRTY-FOURTH ANNUAL REPORT

109

STATEMENT

Showing condition at the close of business ~ember 31, 1953, of

THE TATI'NALL 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 obliga tions, direct and guaranteed........
Obliga!i<?";S of States and political subdJVIsJons ........................................
Other bonds, notes, and debentures Corporate stocks (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 this bank on acceptances outstanding_____
Other assets..---------------------

301,475.54 1,362,896.55
5,000.00 None None
392,866.63 8,897. 75 None
None None None

Total Assets ................................ $ 2,071,136.47

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

1,125,208.58 444,286.07 25,761.20
316,816.49 None
15,469.78 None
None None 25,000.00 50,000.00 18,694.85 50,000.00

Total Liabilities .......................... $ 2,071,136.47

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE 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........ $ United States Government obligations, direct and guaranteed -------Obliga~i~n.s of States and political SubdiVlSlODS ---------------- Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) -----------------Loans and discounts (including
overdrafts) -- Bank premises owned, furniture and
fixtures ------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate_______________________
Customers' liability to this bank on acceptances outstanding_______________
Other assets.------------------------------------
Total Assets .................................. $

169,114.43 129,000.00
None None None 398,381.76 3,540.81
5.00
None None None 700,042.00

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

478,208.36 67,471.75 6,425,00
73,372.38 None
None None
None 502.85 25,000.00 25,000.00 30,458.76 3,602.91

Total Liabilities ............................ $ 700,042.00

110

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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 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 ------------------------------------

693,655.45 92,350.00 12,000.00 None None
435,960.87 2,566.66 6,005.59
None None 900.00

Total Assets -------------------------- $ 1,243,438.57

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~. _of States and political
SUbdtVISIODB .......................
Deposits of banks ----- Other deposits (certified and offi-
cers' checks, etc.) ............................
Bills payable.---------Acceptances executed by or for
account of this bank and out-
Otshtearndliianbgili-t-i-e-s-.-.-.-..-.-..-.-.-..-.-..-.-.-..-.-..-_-_-_-_--_-_-_-_-_-_-
Capital ----------Surplus -----------Undivided profits ---- Reserves ..................................................

775,710.68 270,605.65
7,271.50
64,129.35 None
1,562.03 None
None None 25,000.00 25,000.08 74,159.36 None

Total Liabilities -------------------------- $ 1,243,438.57

STATEMENT

Showing condition at the close of business December 31, 1953, 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________ $

United States Government obligations, direct and guaranteed -------
Obliga~i'!n~ of States and political
SUbdJVISJOnB ---------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)_ -Loans and discounts (including

Baonvkerpdrreamftiss)es

------------------------------ owned, furniture and

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

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

101,231.43 115,000.00
None None None 150,701.39 700.00 None
None None None 367,632.82

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

269,094.33 3,500.00 None
37,000.00 None
649.50 None
None None 25.000.00 25,000.00 7,888.99 None

Total Liabilities ----------------------- $ 367,632.82

"1

THIRTY-FOURTH ANNUAL REPORT

111

STATEMENT

Showing condition at the close of business December 31, 1953, 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 P ARISIL 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 obliga-
tions, direct and guaranteed........ Obliga~it;n.s of States and political
SUbdiVlSIOllS ......................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ----------------Loans and discounts (inc 1u ding
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ---------------- Real estate owned other than bank
premises ----------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate______________________
Customers' liability to this bank on acceptances outstanding__________
Other assets------------------------------------

415,729.68 426,094.00
23,000.00 None None
273,274.59 6,257.00 None
None None None

Total Assets ------------- $ 1,144,355.27

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

707,116.45 120,780.75
9,837.19
16,830.99 182,281.35
2,508.54 None
None None 40,000.00 40,000.00 25,000.00 None

Total Liabilities ----------- $ 1,144,355.27

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF RINGGOLD Ringgold, Ga.

As called for by the Superintendent of Banks.

J. H. TRIMMIER President.
Date of Charter: 8-26-1904

N.E.PORTER Cashier.
Began Business: 8-1904

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

467,322.73 466,479.00
46,877.00 None None
612,972.61 17,213-08 7,774.00
None None None

Total Assets '--- $ 1,618,638.42

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

strn,263.22 462,750.20
21,512.85
195,285.52 None
625-67 None
None None 26,000.00 50,000.00 41,200.96 20,000-00

Total Liabilities ----------- $ 1,618,638.42

~,

112

DE'PARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

CRAWFORD COUNTY BANK Roberta, Ga.

As called for by the Superintendent of Banks.

C. R. AVERA, 'President.
Date of Charter: 1-7-1901

J. E. CLARK, Cashier.
Began Business: 1-8-1901

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection........ $ 189,052.35

United States Government obliga-

tions, direct and guaranteed_______ _ 278,542.13

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

subdlVISIODB .......................................

11,000.00

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

196,928.77

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

200.00

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

2,000.00

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

- - - - - acceptancE~! outstanding____________
Other assets ______________________________

None None

Total Assets ---------------------------------- $ 677,723.25

LIABILITIES Demand deposits .................--------------- $
TDiempoesidtespoofsitUs . --S--.---G---o--v--e--r--n-m---e--n--t--_-_-_-_-_-_-_-_-Deposi~. .of States and political
suhdiVlSlODS .....................................
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 --------------- --------------------------

449,932.84 56,993.54 None
128,726.81 None
1,861.17 None
None None 15,000.00 10,000.00 3,000.00 12,208.89

Total Liabilities ------------------------- $ 677,728.25

STATEMENT

Showing condition at the close of business December 31, 1953, of

ROCHELLE STATE BANK Rochelle, Ga.

As called for by the Superintendent of Banks.

W. K. HOLT, SR., 'President.
Date of Charter: 7-8-1947

MATT W. ESTES, Cashier.
Began Business: 8-1-1947

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 subdtvistons ---------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank)---~-~-~~~~--~~~Loans and discounts (including overdrafts) ___ ------------------------------------Bank premises owned, furniture and
fixtures ------------------------------Real estate owned other than bank
premises --------------------------------------------Investments and other assets indi...
rectly representing bank premises or other real estate~~~~~~-----~~-~~~~~-Customers' liability to this bank on acceptances outstanding __~-------Other assets-~~--~~~~~~~~~---~~--~~~-~~-~~--~~-~~-~~-
Total Assets ---------------------------- $.

230,429.13 48,990.63
None None None 250,412.80 1,925.00 None
None None None 531,757.56

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

411,193.53 None None
66,454.16 None
2,332. 72 None
None 2,145.56 25,000.00 10,000.00 13,631.59 1,000.00

Total Liabilities -------------------------- $ 531,757.56

-1

THIRTY-FOURTH ANNUAL REPORT

113

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE ROCKMART BANK Rockmart, Ga.

As called for by the Superintendent of Banks.

H. P. FAMBRO, President.
Date of Charter: 10-30-1900

M. A. PERRY, Cashier.
Began Business: 1900

ASSETS Cash, balances with other banks, in-
eluding reserve balances. and cash items in process of collection__- $ United States Government obligations, direct and guaranteed________ Obliga~l'?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 .................................. $

736,431.63 1,568,540.15
42,329.28 None None
1,001,400.83 64,032.11 None
None None None 3,412, 734.00

LIABILITIES
Demand deposits - $ Time deposits ...................................... Deposits of U. S. Government............ Deposi!B..of States and political Despubods!iVtsISoIOf DbSank..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 ... - RE:serves ...............................................

1,818,767.96 1,173,119.73
30,987.82
163,879.87 None
3,365.95 None
None 5,679. 77 50,000.00 50,000.00 41,932.90 75,000.00

Total Liabilities - $ 3,412,734.00

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE ROME BANK AND TRUST COMPANY Rome, Ga.

As called for by the Superintendent of Banks.

J. B. DODD, SR., President.
Date of Charter: 4-5-1945

BOBBY G. EARLY, Cashier.
Began Business: 10-1-1945

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

1,378,573.19 2,228,305.89
196,014.12 120,000.00
None 1,894,691.42
40,450.19 None
27,545.62 None
9,667.87

Total Assets - $ 5,895,248.30

LIABILITIES

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

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

Deposl!'&. _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 .................................................

2,697,990.45 1,813,510.24
265,393.01
758,267.51 92,684.66
15,425.49 None
None None 125,000.00 75,000.00 4,926.10 47,050.84

Total Liabilities .......................... $ 5,895,248.30

1

114

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of ROSWELL BANK Roswell, Ga.

As called for by the Superintendent of Banks.

J. H. FOSTER, President.
Date of Charter: 3-1-1901

C. G. WEBB, Cashier.
Began Business: 3-1901

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i~n_s of States and political
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 -----------------------C Wa ci tcoemp tearns 'c el isa boiul ittsyt atnod itnhgi s___b__a__n__k____o_ _n
Other assets ----------------------------------------

463,517.47 1,784,897.61
109,981.62 70,000.00 None
1,463,860.16 4:6,538.59 None
None None 668.92

Total Assets ------------------------------------ $ 3,939,464.37

LIABILITIES
f~:n~ep~~f~:~~----:::::::::::::::::::::::::::::::: $
Deposits of U. S. Government_______ _

Deposi):s..of States and political

subdJVISlODS ..................................

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

2,415,846.13 1,158,423.96
41,871.69
35,330.18 42,474.16
4,753.49 None
None 41,029.39 50,000.00 50,000.00 39,735.46 60,000.00

Total Liabilites --------------------------- $ 3,939,464.37

STATEMENT

Showing condition at the close of business December 31, 1953, of

TRI-COUNTY BANK OF ROYSTON Royston, Ga.

As called for by the Superintendent of Banks.

LAWSON McCONNELL, President.
Date of Charter: 8-9-1941

JOE E. RIDGEWAY, Cashier.
Began Business: 9-1-1941

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

247,168.49 692,697.18 184,321.41
None None 684,679.67 6,473.81 None
None None None

Total Assets ----------------------------------$ 1,815,340.56

LIABILITIES
Demand deposits -------------------------------- $ TDiempoesidtsepoofsitUs . --S--.---G---o--v--e-r--n-m---e--n--t-_--_--___-_____
Deposi~s _ _of States and political Despuobdsi1tVs IoSfionbsan..k..s.._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._.
Other deposits (certified and offi-
cers' checks, etc.) ------------------------- Bills payable---------------------------- . Acceptances executed by or for
account of this bank and outstanding ---------------------------------------Other liabilitle--------------------------
Capital --------------------------------------------------Surplus -------------------------------------------------Undivided profits -----------------------------Reserves --

1,352,859.54 186,902.96 63,946.33
80,508.86 None
3,083.48 None
None None 50,000.00 50,000.00 28,039.39 None

Total Liabilities --------------------- ------ $ 1,815,340.56

THIRTY-FOURTH ANNUAL REPORT

115

STATEMENT

Showing condition at the close of business December 31. 1953. 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 banka, in-
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obli~a~i'?n.s of Statea 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 indi rectly representing bank premises or other real estate..........---------
Customera' liability to this bank on acceptances outstandin~---------
Other aaseta.
Total Assets .................................. $

132,074.92 258,500.00
3,087.36 3,000,00
None 402,930.78
3,243.32 None
None None None 802,836.38

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.) ............................ Billa payable...........................- Acceptances executed by or for ac-
count of this bank and outstand ing ........................................................ Other !iabilitlea......................................
Capital ---------------------------------------Surplus ----------------------------Undivided profits ................................
Reserves -----

385,301.09 226,480.69
None
105,710.72 None
2,020.29 None
None None 26,000.00 12,600.00 42,212.69 3,610.90

Total Liabilities ............................ $ 802,836.38

STATEMENT

Showing condition at the close of business December 31. 1953, of

BANK OF SARDIS Sardis, Ga.

As called for by the Superintendent of Banks.

W. H. SMITH, President.
Date of Charter: 4-27-1945

T. D. ZEIGLER, Cashier.
Began Business: 7-2-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 121,625.32

United States Government obliga-

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

75,000.00

Obliga~i~n!' of States and political

eubdtVlSlODS -------------------------------------

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts ( includin~r

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

147,838.02

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

None

Total Assets ................................ $ 344,463.34

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

SUbdtVJSlODS ..................
Deposits of banka ................................ Other deposits (certified and offi-
cers' checks, etc.) ............................ Billa payable............................_.............. Acceptances executed by or for ac.
count of this bank and outstand

ing -------------

Other liabilities.----

....... ___

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

173,567.67 37,351.77 2,051.97
67,003.18 3,734.11
476.12 None
None None 25,000.00 15,000.00 20,278.52 None

Total Liabilities .......................... $ 344,483.34

"l

116

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ $ 120,449.02

United States Government obliga-

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

181,500.00

O~!f;~~~~!i~n~f --~~~---~~~---~~~~~~~

None

Other bonds, notes, and debentures

None

Corporate atocka (including stock of

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

None

Loans and discounts ( inc I u ding

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

152,761.98

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

1,900.00

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

None

Investments and other asoets indi-

rectly representing bank premises or other real estate____________________

None

Customers' liability to this bank on

- - - - - acceptances outstanding_______________
Other assets_____________

None None

Total Asets .................................... $ 456,611.00

LIABILITIES
Demand deposits ---- $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~. _of States and political
subdlVJSlons .....................................
Deposits of banks -----------------------Other deposits (certified and offi-
cers' checks, etc.) ............................ Billa payable.._..._.._.........._._......._..._._...... Acceptances executed by or for ac-
count of thla bank and outstand-
ing----Other liabilities......................................
Capital ------------------------------------- Surplus ------------------------------------Undivided profits ................................ Reserves ---------- -----------------------------------

21)4,500.99 16,700.00 8,525.00
56,507.88 None
80.00 None
None None 25,000.00 82,500.00 27,797.68 None

Total Liabilities ......................... $ 456,611.00

STATEMENT

Showing condition at the close of business December 31, 1953, 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

JAS. 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
SUbdiVlSIODS ------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises -------------------------------------------Investments and other assets indi-
rectly representing bank premises
or other real estate........................ Customers' liability to this bank on
acceptances outstanding -----------Other assets ............................................

266,231.41 1,098,318.20
None None None 1,990,189.09 37,657.06
1.00
None None 30,860.54

Total Assets ................................ $ 3,418,257.30

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

None 2,568,380.88
None
266,000.00 10,000.00
1,996.73 Nona
None 363.50 100,000.00 300,000.00 171,516.11 None

Total Liabilities ........................... $ 3,418,257.80

THIRTY-FOURTH ANNUAL REPORT

117

STATEMENT

Showing condition at the close of business December 31, 1953, 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 oblleations, direct and guaranteed ........ Ob!iga~i~n!' of States and political
subdtVlSlODS .----------------------------
Other b<Ulds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)--------------Loans and discounts (in eluding
overdrafts) ....................................... Bank premises owned, furniture and
fixtures ---- Real estate owned other than bank
premises ----lnvestments and other assets indl
reetly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding__________
Other Assets ........................................
Total Assets ................................ $

49,331.14 45,050.00
None None 100.00 444,567.87 1,779.90 852.19
None None None 541,681.10

LIABILITIES
Demand deposits - $ Time Deposits -----Deposits o! U. S. Government----Deposi~s. _of States and political
subdtvtstons ........................................ Deposits of banks ................................ Other deposita (certified and otli-
eers' checks, etc.) ............................
Biiia payable..............--Acceptances executed b;r or for ac-
count of this bank and outstand-
Otihnegrliabi-lities.._______-__-__-____._._____-_--
Capital -----------------------Surplus .................................................... Undivided profits ................................ Reserves ..................................................

None 352,689.01
None
13,500.00 35,000.00
3,896.62 None
None None 100,000.00 20,480.00 12,115.47 4,000.00

Total Liabilities ............................ $ 541,681.10

STATEMENT

Showing condition at the close of business December 31, 1953

CHATHAM SAVINGS BANK Savannah, Ga.

As called for by the Superintendent of Banks.

GEO. W. HUNT President
Date of Charter: 11-24-1913

ELTON W. CREECH Vice President
Began Business: 11-24-1913

ASSETS Cash. balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Ob!iga~i'?n.s of States and political subdtvtswns ........................................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ................ Loans and discounts (ineluding 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 ..........................................

94,293.19 None None
18,300.00 None
1.623,980. 78 1,123.78 4.00
42,804.20 None
4,083.26

Total Assets .................................. $ 1,784,589.21

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ De~o~i~ of States and political sub-
dtvlstons ............................................ Deposits of banks .............................. Other deposits (certified and offi-
cers checks, etc.) ........................ Bills payable, ........................................ Mortgages or other liens on bank
premises and on other real es.. tate ...................................................... Acceptances executed by or for ac
account of this bank and outstanding ............................................
Other liabilities .................................... Capital ....................................................
Surplus .............................................-- Undivided profits ................................ Reserves ................................................

830,640.07 240,832.45
None
None None
None None
None
None 3,712.63 300,000.00 200,000.00 74,241.01 135,163.05

Total Liabilities - $ 1,784,589.21

-l

118

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE GEORGIA STATE SAVINGS BANK OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks.

J.P. HOULIHAN, President.
Date of Charter: 7-29-1909

S. B. LaFAR, Secretary.
Began Business: 8-4-1909

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

638,012.12 1,241,906.25
165,634.81 None None
5,153,132.02 103,891.61 None
None None 1,658.68

Total Assets .................................. $ 7,304,235.49

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

None 6,072,987.92
2,100.00
434,691.30 None
8,482.07 None
None 73,884.28 325,000.00 150,000.00 127,089.92 110,000.00

Total Liabilities ............................ $ 7,304,235.49

STATEMENT

Showing condition at the close of business December 31, 1953, 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

JOHN F. WELLBROCK, Cashier.
Began Business: 7-1-1869

ASSETS

Cash. balances with other banks, in-

cluding reserve balances, and cash items in process of collection........ $ 8,416,645.62

United States Government obligations. direct and guaranteed........ 10,226,765.25
Obliga~i'?n.s of States and political

subdlVlSlOnS --- 1,108,595.62

Other bonds, notes, and debentures..

158,399.06

Corporate stocks (including stock of

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

60,001.00

Loans and discounts ( inc I u ding

overdrafts) ----------------------------------- 14,887,976.14 Bank premises owned, furniture and

fixtures ................................................

587,846.11

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

72,617.26

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

277,298.86

Total Assets .................................. $ 35,796,144.92

LIABILITIES

Demand deposits ................................ $ 20,801,595.61

Time deposits -------------- Deposits of U. S. Government........ Deposl~ . .of States and political

6, 762,483.05 545,364.21

SubdtVISlODS ......................................

2,128,704.71

Deposits of banks ................................ 1,973,683.91

Other deposits (certified and offi-

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

701,490.31 None

Acceptances executed by or for ac-

count of this bank and outstand-

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

72,617.26 382,935.60

Capital .................................................... 1,000,000.00

Surplus .................................................... 1,000,000.00

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

327,270.26

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

100,000.00

Total Liabilities ............................ $ 35,796,144.92

THIRTY-FOURTH ANNUAL REPORT

119

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS & MERCHANTS BANK Senoia, Ga.

As called for by the Superintendent of Banks.

R. W. FREEMAN, President.
Date of Charter: 3-2-1874

MRS. HATTIE S. WHATLEY, Cashier.
Began Business: 1889

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

221,527.80 542,291.48
None None None 128,597.00 2,879.10 None
None None 226.35 895,621.73

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

Time deposits -------- Deposits of U. S. Government........ Deposi~. _of States and political
subdxvxsxons ......................................

Deposits of bank -----------------------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 ------------------------------------------------

SurpIus .

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

Undivided profits

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

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

525,248.37 257,404.09
1,430.23
44,256.96 None
1,769.34 None
None None 26,000.00 16,000.00 25,412.74 None

Total Liabilities ............................ $ 895,521.73

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK OF SHADY DALE Shady Dale, Ga.

As called for by the Superintendent of Banks.

0. H. BANKS, President.
Date of Charter: 2-6-1920

0. H. BANKS, Cashier.
Began Business: 4-12-1920

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i<?n!' of States and political subdivislOns -------------------------------------Other bonds, notes, and debentures Corporate stocks (including stock of Federal 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 ................................ $

114,471.53 105,000.00
None None None 90,652.88
1.00 1.00
None None None 310,126.41

LIABILITIES Demand deposits .................................. $
TDiempeosidtespoofsitUs. S-.-Gov--ernm--ent--________
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 outstand-
ing-Other liabilities ....................................
Capital -----------------------------------------Surplus .................................................... Undivided profits ................................ Reserves ..................................................

131,787.40 64,436.61 None
77,460.46 None
217.26 None
None 2,191.57 20,000.00 10,000.00 4,033.11
None

Total Liabilities .......................... $ 310,126.41

1

120

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF SHARON Sharon, Ga.

As called for by the Superintendent of Banks.

ARTHUR D. BROWN, President.
Date of Charter: 9-29-1904

B. R. DARDEN, Cashier.
Began Business: 9-1904

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga~i"!n.s of States and political
subdtVISlODS ---------------------------------
Other bonds, notes, and debentures Corporate stocka (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ------------------Bank premises owned, furniture and
fixtures ---------------Real estate owned other than bank
premises .............................................. Investments and other a88et:s indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding---------------
Other assets -----
Total Assets -------- $

63,619.10 200,000.00
None 7,000.00
None 85,167.31
701.00 1,926.28
None None 2,900.27 361,313.96

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

102,281.01 !0,997.54
None
191,795.09 None
437.00 None
None None 15,000.00 17,000.00 3,803.32 None

Total Liabilities .......................... $ 361,313.96

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF SMYRNA Smyrna, Ga.

As called for by the Superintendent of Banks.

D. C. LANDERS, President.
Date of Charter: 4-4-1946

W. C. PATTERSON, Cashier.
Began Business: 8-5-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and eash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obligo.~i"!n.s of States and political SUbdiVISIOns ........................................ Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) .................... Loans and discounts ( inc I u ding
overdrafts) ------------- Bank premises owned, furniture and
fixtures ------------ Real estate owned other than bank
premises --------- Investments and other aaset:s indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding..................
Other asset--------------------------- --------

635,831.84 51,325.00 50,128.45 None None 390.933.01
21.~76.63
600.00
None None None

Total A88ets -- $ 1,150,394.93

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 outstanding--~-Other liabilities--------------------------------Capital ------------------------------------
Surplus ------ Undivided profits -- Reserves ..................................................

678,115.83 236,391.03
None
61,817.19 57,156.59
8,594.06 None
None None 55,000.00 15,000.00 38,320.23 None

Total Liabilities ............................ $ 1,150,394.93

-1

THIRTY-FOURTH ANNUAL REPORT

121

STATEMENT

Showing condition at the close of business December 31, 1953, of

SOCIAL CIRCLE BANK Social Circle, Ga.

As called for by the Superintendent of Banks.

W. B. SPEARMAN, President.
Date of Charter: 12-31-1923

W. S. McKIBBEN. Cashier.
Began Business: 3-8-1924

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ________ $ United States Government obligations, direct and guaranteed -------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 eatate........................ Cuatomers' liability to thla bank on acceptances outstanding................. Other assets ---------------------------------------
Total Assets ----- $

412,007.39 98,500.00 None None None
440,089.98 1,501.00 None
None None None 952,098.37

LIABILITIES Demand deposits --- $ Time deposits ---------- Deposits of U. S. Government-- Deposi~. _of States and political
subdtv!Stons ........................................ Deposits of bank---------------------------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 ..................................................

728,725.54 42,546.16
6,872.50
85,249.11 None
3,238.45 None
None None 25,000.00 60,000.00 466.61 10,000.00

Total Liabilities --------- $ 952,098.37

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE BANK OF SOPERTON Soperton, Ga.

As called for by the Superintendent of Banks.

J. E. HALL President.
Date of Charter: 7-16-1906

R.A.PERRY Cashier.
Began Business: 1903

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

572,754.49 893,584.30
60,756.79 None None
995,871.02 7,950.00 None
None None 55.63

Total Assets -------- $ 2,530,972.23

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

1,405,927.57 476,502.98 41,961.36
402,357.25 None
5,429.16 None
None 34,644.20 60,000.00 50.000.00 64,149.71
None

Total Liabilities - $ 2,530,972.23

122

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1953, of BANK OF HANCOCK COUNTY Sparta, Ga.

As called for by the Superintendent of Banks.

J. H. DOLVIN, President.
Date of Charter: 10-18-1904

S. H. HOLLIS, Cashier.
Began Business: 9-5-1904

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

419,359.62 271,754.69
99,721.41 239,843.75
None 758,102.10
6,000.00 None
None None None

Total Assets ---- $ 1,794,781.57

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

782,436.25 660,165.34 22,476.08
228,665.18 None
1,951.89 None
None None 25,000.00 40,000.00 19,086.83 15,000.00

Total Liabilities ------- $ 1,794,781.57

STATEMENT
Showing condition at the close of business December 31, 1953, of
THE EXCHANGE BANK OF SPRINGFIELD Springfield, Ga.

As callecl for by the Superintendent of Banks.

B. L. RAHN, President.
Date of Charter: 12-30-1907

J. M. MARCHMAN, Cashier.
Began Business: 1-1-1908

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

540,533.13 728,000.00
11,500.00 None None
487,353.45 12,266.98 None
None None None

Total Assets -------- $ 1,779,653.56

LIABILITIES

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

Deposits of U. S. Government ---

Deposl?'..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 ..................................................

979,489.43 530,955.51
None
171,511.24 None
None None
None None 25,000.00 60,000.00 12,697.38 None

Total Liabilities ............................ $ 1,779,653.56

THIRTY-FOURTH ANNUAL REPORT

123

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ $ 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----------------------
Total Assets .................................. $

239,160.47 406,500.00
7,239.56 None None
117,283.90
1,500.00 250.00
None None None 771,933.93

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposl~s. _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 -----------------------------------------------

670,444.54 36,303.88 5,837.50
9,858.63 None
2,992.08 None
None None 15,000.00 18,000.00 13,497.30 None

Total Liabilities ............................ $ 771,933.98

STATEMENT

Showing condition at the close of business December 31, 1953, of

BULLOCH COUNTY BANK Statesboro, Ga.

As called for by the Superintendent of Banks.

W. G. COBB, President.
Date of Charter: 1-19-1934

W. D. ANDERSON, Cashier.
Began Business: 4-14-1934

ASSETS Cash, balances with other hanks, in-
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i?~" 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 ...........................,..............

854,817.78 1,689,162.00
202,390.78 None None
1,221,132.35 52,125.00 None
None None None

Total Assets .................................. $ 4,019,627.91

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, 787,029.25 244,402.22 122,685.73
487,057.99 57,707.07
10,941.21 None
None 21,500.00 100,000.00 100,000.00 38,304.44 50,000.00

Total Liabilities .......................... $ 4,019,627.91

124

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
SEA ISLAND BANK Statesboro, Ga.
As called for by the Superintendent of Banks.

C. B. McALLISTER President.
Date of Charter: 3-11-1901

KERMIT R. CARR, Cashier.
Began Business: 1901

ASSETS Caah, 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 thi1 bank on
acceptances outstanding................_
Other assets ..........................................

1,545,062.64 919,885.66 8,000.00 None None
1,878, 781.33
29,500.00 None
None None 14,798.43

Total Assets .................................. $ 4,396,028.06

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

3,490,508.89 366,428.96 13,583.00
216,063.18 42,422.79
31,874.97 None
None 1,500.00 50,000.00 125,000.00 40,000.00 18,646.27

Total Liabilities ............................ $ 4,396,028.06

STATEMENT Showing condition at the close of business December 31, 1953, of
ST. SIMONS STATE BANK St. Simons, Ga.
As called for by the Superintendent of Banks.

J. H. LESTER, JR. President.
Date of Charter: 4-24-1950

C. W. LANCE Cashier.
Began Business: 6-1-1950

ASSEfTS 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 (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 ........................
Customer's liability to this bank on
acceptances outstanding ................
Other assets ..........................................

181,518.89 367,970.18
None None None 443,514.03 12,488.18 None
None None 1,220.42

Total Assets ................................ $ 1,006,711.70

LIABILITIES Demand deposits .................................. $ Time deposits .................................... Deposits of U. S. Government............ Deposi~s . .of States and political
subdtvlsJons ........................................ 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 profi11! ................................ Reserves ..................................................

630,580.23 243,114.99
7,410.35
56,016.16 None
2,570.84 None
None None 25,000.00 25,000.00 .... 10,000.00 7,019.13

Total Liabilities ............................ $ 1,006,711.70

THIRTY-FOURTH ANNUAL REPORT

125

STATEMENT

Showing condition at the close of business December 31, 1953, of
FARMERS & MERCHANTS BANK Summerville, Ga.

As called for by the Superintendent of Banks.

D. L. McWHORTER, President.
Date of Charter: 2-5-1926

JAMES F. KING, Vice-President.
Began Business: 2-6-1926

ASSETS Caah, balances with other banks, In
cludin~r reserve balances, and calh 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 ( ineludinJr
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 ..........................................

1,155,532.35 2,116,484.39
532,609.31 None None
1,364,263.23 72,422.65 1.00
None None 1,819. 76

Total Assets .................................... $ 5,243,132.69

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposi!&. _of States and political
DeSpUo'bsdi.tlsVloSlfODbsan..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 ---------------

3,281,137. 74 tf94,589.90 164,196.48
738,139.40 None
11,639.84 None
None 6,000.00 100,000.00 100.000.00 44,201.04 103,228.29

Total Liabilities .......................... $ 5,243,132.69

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CENTRAL BANK Swainsboro, Ga.

As called for by the Superintendent of Banks.

W. W. FLANDERS, President.
Date of Charter: 10-27-1920

R. H. ROACH, JR., Cashier.
Began Business: 11-9-1920

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ........ $ United States Government obligations. direct and guaranteed........ Obliga!i'?n.s of States and political
subdJVISIODS ...................................
Other bonds, notes. and debentures Corporate stocks (induding stock of
Federal Reserve Bank)----------------Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate 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_a_t_a_n_d_i_n_g_._.._._.._.._.._.._.._..-

551,147.94 930,027.50
15,525.63. None None
899,449.08 8,400.00 None
None None None

Total Assets ................................. $ 2,404,550.15

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Depos!~s. _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 ................................

Reserve::3 -------------------------------------------

1,246,739.17 661,319.13 26,110.38
240,298.74 47,281.26
7,027.46 None
None None 50,000.00 110,000.00 15,774.01 Nona

Total Liabilities ........................... $ 2,404,550.15

126

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of
THE CITIZENS BANK OF SWAINSBORO Swainsboro, Ga.

As called for by the Superintendent of Banks.

W. M. KARRH, President.
Date of Charter: 11-10-1900

J. R. DEKLE, Cashier.
Began Business: 1900

ASSETS Cash, balances with other banks, In-
cluding reserve balances, and cash
items in process of collection........ $ United States Government obliga-
tions, direct and guaranteed........ Obliga~i<?"; 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 ............................................

625,671.08 1,531,000.00
51,500.00 None None
1,180,827.98 14,716.66 11,250.00
None None None

Total Assets ................................ $ 3,414,965.72

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi!S. _or States and political
subdiVISIOnS ...........................
Deposits of banks ................................ Other deposits (certified and offiBilcles rps'aycahbelec_k__s_,____e__t_c__._)____._._._._.._._._._._._._.._._._._._._.._._..
Acceptances executed by or for account of this bank and outstanding ----------------------------
Other liabilities .................................... Capital .................................................... Surplus .................................................. Undivided profits ................................
Reserves ---

1,134,392.66 925,775.94 72,346.88 310,727.67 30,946.23 93,608.90 None
None 13,212.60 50,000.00 177,500.00
6,454.84 None

Total Liabilities ............................ $ 3,414,965.72

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF SCREVEN COUNTY Sylvania, Ga.

As called for by the Superintendent of Banks.

JOHN A. MILLS, JR., President.
Date of Charter: 4-10-1911

W. B. LOVETT, JR., Cashier.
Began Business: 2-28-1930

ASSETS Cash, balances with other banks, In-
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed ........ Obliga~i?";S of States and political
subdtV1SlOfl8 .....................................
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...----------------

572,646.46 452,000.00 452,663.08
60,000.00 None
1,379,249.93 15,000.00 None
None None None

Total Assets .................................. $ 2,931,559.4 7

LIABILITIES Demand deposits ................................ $ Time deposits --------Deposits of U. S. Government........ Deposl~s. _of States and political
subdtVlSIOflS .........................
Deposits of banks -------------------------Other deposits (certified and offiBilcles rps'aycahbelee.k__s_,____e__t_c__._)__._._._._.._._._._._._._._._.._._._._._._._._._.._..
Acceptances executed by or for account of this bank and outstanding .. ---------------------------------
Other liabilities...................................... Capital --------------------------------------------Surplus .................................................... Undivided profits ................................ Reserves ..................................................

1,800,391.94 541,261.29 72,352.30
244,804.11 None
2,593.61 None
None None 50,000.00 150,000.00 70,156.22 None

Total Liabilities ............................ $ 2,931,559.47

THIRTY-FOURTH ANNUAL REPORT

127

STATEMENT

Showing condition at the close of business December 31, 1953, of

F ARMhRS & MERCHANTS BANK Sylvania, Ga.

As called for by the Superintendent of Banks.

E. H. THOMPSON, President.
Date of Charter: 2-18-1946

E. E. TRAPNELL, Cashier.
Began .tlusiness: 3-1-1946

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

448,050.60 205,000.00
None None None 597,310.66 2,250.00 None
None None 1,200.00

Total Assets ---------- $ 1,253,811.26

LIABILITIES

Demand deposits ------------- $ rime deposits ........................................ Deposits of U. S. Government..........
Deposi!'s. _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 out-

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

Other liabilities -------

Capital

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

Surplus -------- Undivided profits --------Reserves ----- ------------------ --------------------

751,941.30 228,618.55
3,000.00
148,758.91 None
672.81 None
None 100.00 65,000.00 20,000.00 35,719.69 None

Total Liabilities ------ $ 1,253,811.26

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ Obliga!i~n.s of States and political
SUbdiVISIOnS --------Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)---------------Loans and discounts (inc Iu ding
overdrafts) ---------------Bank premises owned, furniture and
fixtures ------------- Real estate owned other than bank
premises ---------------------------------------Investments and other assets indi..
rect1y representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding________________
Other assets ---------

322,203.54 734,673.02
6,000.00 50,000.00
None 528,756.51
21,000.00 None
None None 49.86

Total Assets ------------ $ 1,662,682.93

LIABILITIES

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

Deposi!s. _of States and political

SubdiVlSlODS .......................................

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

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

account of this bank and out-

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

Other liabilities ---------

Capital

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

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

853,898.62 412,228.71 21!0,400.11
42,909.00 None
6,376.61 None
None 3,789.89 50,000.00 50,000.00 7,500.00 5,579.99

Total Liabilities -------- $ 1,662,682.93

128

DEPARTMENT OF BANKING

STATEMENT
Showin~t condition at the close of business December 31, 1953, of
SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks.

C. H. STRANGWARD, President.
Date of Charter: 7-5-1898

T. M. PURDOM, Cashier.
Began Business: 7-1898

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $ United States Government obligations, direct and guaranteed _______ _
Obliga!i'!n.s of States and political
subdtVlSlODS .............................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)---------------Loans and discounts (including
Baonvkerpdrreamftiss)es o-wned,f-urniture-an-dfixtures ................................................
Real estate owned other than bank premises -----------------------------------------
Investments and other assets indi.. rectly representing bank premises or other real estate__________________________
Customers' liability to this bank on acceptances outstanding______________
Other assets----------------

895,918.94 1,588,000.00
17,000.00 None None
756,750.59 53,925.00 None
None None None

Totsl Assets - $ 3,311,594.53

LIABILITIES

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

Deposi!". _of States and political subdtvJstons ........................................

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

1,918,167.77 761,306.96 89,890.36
287,270.99 2,087.10
15,470.91 None
None 38,400.44 50,000.00 50,000.00 99,000.00
None

Total Liabilities --- $ 3,311,594.53

STATEMENT

Showing condition at the close of business December 31, 1953, 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____$ United States Government obligations, dire<:t and guaranteed --- Obliga~i<;>~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 --- $

225,607.62 539,250.00
None None None 123,091.04
2.00 None
None None None
887,950.66

LIABILITIES
Demand deposits -- $ Time deposits ....................................... Deposits of U. S. Government________ Deposi~s ..of States and political
subdtVISlODS ......................................
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 -----------------------------

552,935.89 2,141.26 None
240,730.80 None
543.00 None
None None 25,000.00 25,000.00 41,599.71 None

Total Liabilities ----- $ 887,950.66

THIRTY-FOURTH ANNUAL REPORT

129

STATEMENT

Showing condition at the close of business December 31, 1953, of

WEST GEORGIA BANK OF TALLAPOOSA Tallapoosa, Ga.

As called for by the Superintendent of Banks.

W. I. LANIER President.
Date of Charter: 12-6-1948

J. G. KNIGHT Cashier.
Began Business: 7-6-1949

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

205,266.72 168,950.70 71,839.91
918.59 None 276,548.95 3,868.00 None
None None 662.00 728,054.87

LIABILITIES Demand deposits .................................. $ Time deposits ...................................... Deposits of U. S. Government ........ iDeposi.ts.. of State and political
subdtVlSIOnS ........................................
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 ----------------------------------------

554,642.07 58,188.18 None
27,000.00 None
1,778.89 None
None None 25,000.00 25,000.00 36,445.73 None

Total Liabilities ............................ $ 728,054.87

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ Ob!iga~i'?n.s of States and political subdJVlSJons ...................................... 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 ................................ $

119,036.87 238,787.54
None None None 415,363.12 1,300.00
None
None None 240.00 774,727.53

LIABILITIES Demand deposits ................................ $ Time deposits .................................... Deposits of U. S. Government.. ...... Deposl~s. .of States and political
subdiVIslons ........................................ 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 --------------------------------------

503,688.63 44,115.58 5,490.77
120,444.52 None
3,279.20 None
None None 25,000.00 35,000.00 37,708.83 None

Total Liabilities --------------------------- $ 774,727.53

130

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF TEMPLE Temple, Ga.

As called for by the Superintendent of Banks.

G. M. BURNS, President.
Date of Charter: 11-25-1946

L. G. LYELL, Cashier.
Began Business: 7-1-1947

ASSETS

Cash, balances with other banks, in-

cluding reserve balances~ and cash

items in process of collection........ $ 57,882.22

United States Government obliga-

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

200,917.19

Obliga~io_n~ of States and political

SUbdtV1810DS .................................

None

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

97,260.15

Bank premises owned, furniture and

fixtures ..............................................

1,461.05

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 ................................ $ 357,610.61

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

283,659.16 None None
27,000.00 None
None None
None 115.10 25,000.00 10.000.00 11,736.35 None

Total Liabilities .......................... $ 357,510.61

STATEMENT

Showing condition at the close of business December 31, 1953, of

TENNILLE BANKING CO. Tennille, Ga.

As called for by the Superintendent of Banks.

W. B. SMITH, President.
Date of Charter: 4-4-1900

CHARLES V. SMITH, Cashier.
Began Business: 4-1900

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 450,498.67

United States Government obliga-

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

107,500.00

Obliga~i'!n~ of States and political

subdlVlSlODS ---- Other bonds, notes, and debentures

11,000.00 None

Corporate stocks (including stock of

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

None

Loans and discounts (including

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

986,930.33

Bank premises owned, furniture and

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

38,871.51

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

None

Investments and other assets indi...

rectly representing bank premises or other real estate__________________________

None

Customers' liability to this bank on

- - - - :>tahcecrepatsasnectes_s__o_u_t_s_t_a_n_d_i_n_g__--_-_-_-_-_--_-_-_-_-_--_-_-

None None

Total Assets ---------------------------------- $ 1,594,800.41

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposl!s..of States and political
subdJVlSions ........................................ Deposits of banks --------------------------------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 profit ................................
Reserves ---------------------------------------------

1,091,964.54 111,167.01 1,707.67
79,289.91 None
626.06 None
None None 50.000.00 200,000.00 60,146.22 None

Total Liabilities ............................ $ 1,594,800.41

THIRTY-FOURTH ANNUAL REPORT

131

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF UPSON Thomaston, Ga.

As called for by the Superintendent of Banks.

CHAS. M. PASLEY, JR., President.
Date of Charter: 6-23-1951

ROBERT P. CRAVEY, Cashier.
Began Business: 10-1-1951

ASSETS

Cash. balance with other banks, In-

cluding reserve balances, and cash

itelllB in process of collection........ $

United States Government obliga-

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

Obliga~io_n~ of States and political

O

tshuebrdtVbloSnlOdsD,S

-~notes, and debentures

Corporate stocks (Including stock of

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

Loans and discounts (including

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

Bank premises owned, furniture and

fixtures ................................................

Real estate owned other than bank

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

rectly representing bank premises

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

Customers' liability to this bank on

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

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

398,346 :53 816,077.04
30,661.67 None None
435,378.64 26,498.10 None
14,399;85 None 468.80

Total Assets .................................. $ 1,721,830.63

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ $ Deposits of U. S. Government........ Deposits of States and political
subdivisions ........................................ Deposits of banks ................................ Other deposits (certified and offi-
Bil~:r~a~~hl:s:...~-~~:!...::::::::::::::::=::::::::::
Acceptances executed by or for account of this bank and outstanding ..............................................
Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ................................
Reserves ..................................................

654,312.19 273,573.63
16,885.05
884,846.89 173,994.09
523.94 None
None 15,00"5.73 150,000.00 80,000.00 23,189.11
None

Total Liabilities ............................ $ 1,721,830.63

STATEMENT Showing condition at the close of business December 31, 1953, of
CITIZENS & SOUTHERN BANK OF THOMASTON Thomaston, Ga.
As called for by the Sup-erintendent of Banks.

C. B. JENKINS, JR., President.
Date of Charter: 1-18-1926

J. P. CULPEPPER, JR., Cashier.
Began Business: 2-28-1930

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

1,025,557.42 2,504,806.26
520,880.04 47,812.50
None 3,029,533.66
40,347.46 None
None None 22,624.75

Total Assets ................................ $ 7,i1,562.09

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government.......... Deposl!&..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 -------------------------------

4,500,071.21 1,444,438.83
114,689.87
401',769.86 None
7,509.44 None
None 2ll,Oll.38 150,000.00 250,000.00 112,071.50
None

Total Liabilitie1 ............................ $ 7,191,562.09

132

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, 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-
cludin~r reserve balances, and cash items in process of collection ........ $ United States Government obligations, dhect 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 (ineludinz
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises ---------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate....-................... Customers' liability to this bank on acceptances outstanding_______
Other assets -

1,612,779.30 2,ZS2,046.83
94,887.60 None None
1,836,041.63 66,098.76
None
None None 24,600.64

Total Assets .................................. $ 5,906,464.66

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

3,219,368. 72 952,323.04 146,751.06 921,962.34 811,296.90 25,770.80 None
None 31,640.64 100,000.00 176,000.00 10,010.50 13,841.77

Total Liabilities .......................... $ 5,906,454.66

STATEMENT

Showing condition at the close of business December 31, 1953, of

COMMERCIAL BANK Thomasville, Ga.

As called for by the Superintendent of Banks.

L. D. FERGUSON, President.
Date of Charter: 7-3-1916

A. F. KIMBROUGH, Cashier.
Began Business: 7-22-1916

ASSETS Cash, balances with other banks, in-
cluding reserve balances. and cash items in process of collection ........ $ United States Government obligations, direct and guaranteed........ Obliga~i'!n.s of States and political
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-
rectly representing bank premises or other real estate..............----Customers' liability to this bank on acceptances outstanding___________
Other assets ........................................

1,760,719.68 2,1161,877.84
610,706.47 None None
2,872,973.64 64,200.00 1.00
None None 15,416.54

Total Assets .................................. $ 7,275,893.67

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

3,861,792.66 1,283,478.47
285,678.97
1,()26.834.16 3'1:2,441.25
120,117.40 None
Nona None 200,000.00 100,000.00 36,275.06 69,276.70

Total Liabilities ........................ $ 7,275,893.67

THIRTY-FOURTH ANNUAL REPORT

133

STATEMENT

Showing condition at the close of business December 31, 1953, 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
eluding reserve balances, and cash items in process of collection........ $ United States Government obligations, direct and guaranteed........ Obliga~i'!n!' of States and political
SUbdiVlSlODS ......................................
Other bonds, notes, and debentures_ Corporate stocks (including stock of
Federal Reserve Bank) .................... Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
Inpvreesmtmiseenstsandothera--ssetsindi- rectly representing bank premises
or other real estate............------Customers' liability to this bank on
acceptances outstanding........______
Other assets ............................................

660,060.78 9'71,958.00
91,325.29 34,013.70
720.00 850,648.03
89,000.00 None
None None 5,200.07

Total Assets .................................... $ 2,652,925.87

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government...- Deposl?. .of States and political
SUbdtVlSlODg ..... ,,,40,,,
Deposits of banks.........-----Other deposits (certified and olD
cers' checks, etc.) ............................ BilL payable....------------Acceptances executed by or for
account of this bank and out-
standing ----------------COatphietrallia..b..i.l.i..t.i.e..s.................-.......................
Surplus -------------------------Undivided profits ................................
Reserves -

1,953,076.80 201,968.93 15,604.38
239,876.24 None
27,869.26 None
None 6,000.00 50,000.00 50,000.00 62,500.00 46,130.26

Total Liabilities ............................ $ 2,652,925.87

STATEMENT

Showing condition at the close of business December 31, 1953, 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

L. W. GAULDING, Cashier.
Began Business: 1896

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 SubdiVIS10ns ................... .................... 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-----------------

1,882,686.06 2,805,113.64
123,896.94 None None
2,819,805.26 21,093.13 None
None None None

Total Assets ................................ $ 7,652,596.03

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~. _or States and political
subdlVlBlOnS ...................................... Deposits of banks................................ Other deposits (certified and olDBilclesrap'aycahbelcek..s.,.._e_t_c_._) __.._.._.._.._.._.._.._.._.._.._.._.._.._..
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgilities._-_--_-_--_-_--_-_--_-_--_-_--_-_--
Capital ....................................................
Surplus --------------------Undivided profits ................................ Reserves .................................................

4,316,316.96 1,6'79,054.80
138,539.55
322,578.44 499,947.05
34,997.84 None
None None 200,000.00 200,000.00 208,661.89 62,600.00

Total Liabilities ............................ $ 7,652,596.03

134

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE 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 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 ---------------------------------------

396,063.08 550,000.00
Nolle Non'e None 511,295.84 ft6,397.44 None
None None None

Total Assets .................................. $ 1,523,756.36

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ De~o~i!s of States and political sub-
diVIsions ............................................ Deposits of banks ___________
Other deposits (certified and offi-
cers' cheeksJ etc.) - Bills payable _____ -----------------------------------Acceptances executed by or for
account of this bank and outOtshtearndilniagbi_l_i_t_i-e--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_--_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Capital --- USunrdpilvuisdedprofits....................-.-.-..-........
Reserves ------

755,704.51 388,623.81
15,649.00
134,718.55 None
27,135.40 None
None None 100,000.00 50,000.00 14,425.09 37,500.00

Total Liabilities ............................ $ 1,523.756.36

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS BANK OF TIFTON Tifton, Ga.

As called for by the Superintendent of Banks.

J. C. McNEESE, President.
Date of Charter: 12-21-193!':

HILTON S. HUTCHINSON, Cashier.
Began Business: 2-24-1937

ASSETS

Cash, balances with other banks, it>-

cluding reserve balances, and cash

items in process of collection........ $ 1,038,993.58

United States Government obliga-

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

641,476.38

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

subdiVISIOnS ........................................

9,000.00

Other bonds, notes, and debenture

None

Corporate stocks (including stock ol

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

None

Loans and discounts (including

overdrafts) ........................................ 1,101,879.79

Bank premises owned, furniture and

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

18,272.4 7

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 ................................ $ 2,809,622.22

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

1,432,259.65 757,820.87 176,890.20
135,792.82 6,343. 79
37,275.19 None
None None 100,000.00 100,000.00 63,239.70 None

Total Liabilities -- $ 2,809,622.22

THIRTY-FOURTH ANNUAL REPORT

135

STATEMENT

Showing condition at the close of business December 31, 1953, 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 ........ $ 102,784.66

United States Government obliga-

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

413,534.10

Obliga~i~n.s of States and political

OtShUebrdtbVolSnldOsD, Sno-tes,anddebentures

None None

Corporate stocks (including stock of

Federal Reserve Bank)----

None

Loans and discounts (including

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

38,231.75

Bank premises owned, furniture and

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

1.00

Real estate owned other than bank

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

None

Investments and other assets indi-

orerctolytherer prreeaslenetsitnagteb__a__n__k____p__r_e__m___i_s__e__s

None

Customers' liability to this bank on

acceptances outstanding______________

None

- - - - - Other assets.______________

None

Total Assets ................................ $ 564,551.40

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

464,229.62 None 375.00
46,446.88 None
None None
None 1,600.00 26,000.00 6,000.00 13,000.00
None

Total Liabilities .......................... $ 664,661.40

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ $ 892,870.26

United States Government obliga-

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

961,748.44

Obligations of States and political

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

118,665.02

Other bonds, notes, and debentures

None

Corporate stocks (including stock of

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

None

Loans and discounts (including

overdrafts) ........................................ 1,279,513.21

Bank premises owned, furniture and

Refailxteusrteaste ownedotherth-anbank

106,132.20

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 -

1'i1,476.35

Total Assets, .................................. $ 3,410,404.48

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

2,064,476.94 973,632.85 1,069.14
127,360.31 None
4,331.66 None
None 2,093.29 100,000.00 130,000.00 7,461.80
None

Total Liabilities ............................ $ 3,410,404.48

-l

136

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE CITIZENS BANK OF TOCCOA Toccoa, Ga.

As called for by the Superintendent of Banks.

WALLACE B. BRUCE, President.
Date of Charter: 5-25-1950

WALLACE B. BRUCE, Cashier.
Began Business: 3-16-1951

ASSETS Cash, balance 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 -..------------------------.----------

644,675.55 531,648.06
22,983.10 250,031.25
None 677,976.42
20,323.95 None
None None None

Total Assets ...----------..------------- $ 2,147,638.33

LIABILITIES Demand deposits ------------..------ $ TimDeepodseiptsosoitfs U--.--S.---G---o--v-e--r.n.m---e--n..-t-_-__._._-___
Deposit,s. ?f States and political
subdlVJSlODS ....................
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 ..................................................

1,488, 724.07 31>5,052.06 49,181.24
97,580.80 None
12,673.79 None
None None 100,000.00 20,000.00 24,426.37 None

Total Liabilities --------------------- $ 2,147,638.33

STATEMENT

Showing condition at the close of business December 31, 1953, of

WILKINSON COUNTY BANK Toomsboro, Ga.

As called for by the Superintendent of Banks.

H. E. STEPHENS,
President. Date of Charter: 7-16-1907

H. E. STEPHENS,
Cashier. Began Business: 7-16-1907

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 173,124.91

United States Government obliga-

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

328,400.00

Obliga!i~n.s of States and political

subdiVISIOnS ..................................

664.25

Other bonds, notes, and debentures __

139,000.00

Corporate stocks (including stock of

Federal Reserve Bank)-~---

None

Loans and discounts (including

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

192,853.98

fixtures ................................................

1,340.20

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________

None

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

None

Total Assets ----------..---------------- $ 834,883.34

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

SUbdiVISIOns .........................
Deposits of banks---~---~-----------~-~~-----~ Other deposits (certified and offiBilclesrsp' aychaebclek_s__,____e__t_c__._)_____._._._._._._._._._._._._._._._._._._._._.._..

Acceptances executed by or for

account of this bank and out-

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

Capital

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

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

505,018.62 128,553.65
4,500.00
96,410.22 None
4,247.86 None
None None 25,000.00 50,000.00 21,152,99 None

Total Liabilities ------.-------------------- $ 81!4,883.34

1

THIRTY-FOURTH ANNUAL REPORT

137

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF TUCKER Tucker, Ga.

As called for by the Superintendent of Banks.

REID H. COFER, President.
Date of Charter: 10-29-1919

REID 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........ Obliga~i'!n.s of States and political
subdiVISlODS ~--------------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)------------------Loans and discounts (including
overdrafts) -------------- Bank premises owned, furniture and
fixtures --- Real estate owned other than bank
premises ---------------------------------------Investments and other assets indi
roerc tol yt h er er prreeasle netsitnagt eb__a__n__k___p__r_e__m__i_s__e_s
Customers' liability to this bank on acceptances outstanding_____________
Other assets ........................................

282,745.13 329,882.81
None None None 504,262.06 5,895.88 None
None None 2,146.52

Total Assets --- $ 1,124,932.40

LIABILITIES
?J:'ea'd~p!l~~s~~----:::::::::::::::::::::::::::::::: $
Deposits of U. S. Government ________ Deposi~s. _of States and political
subdivtSlODB ---
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 .................................................

643,338.67 281,836.19
None
47,500.00 None
2,482.14 None
Node 5,259.87 25,000.00 75,000.00 8,000.0Q 41,515.63

Total Liabilities --------------- $ 1,124,932.40

STATEMENT

Showing condition at the close of business December 31, 1953, of
DURDEN BANKING COMPANY, INC. Twin City, Ga.

As called for by the Superintendent of Banks.

B. LEWIS BRINSON,
President Date of Charter: 6-26-1935

R. W. DURDEN,
Cashier Began Business: 7-5-1935

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

196,383.84 380,000.00
None None None 374,411.00 18,711.19 None
None None None 969,-506.03

LIABILITIES
Demand deposits --------------- $ Time deposits ----------------- Deposits of U. S. Government........ Deposi~s . ?f States and political
subdtVlSlODS ........................................ 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 ..................................................

639,063.72 134,326.29
10,168.63
104,989.98 None
2,816.09 None
None 3,000.00 25,000.00 25,000.00 25,141.32
None

Total Liabilities ------------ $ 969,506.03

1

138

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

EXCHANGE BANK OF UNADILLA Unadilla, Ga.

As called for by the Superintendent of Banks.

E. H. CONNER, President.
Date of Charter: 4-19-1935

T. E. WOODRUFF, Cashier.
Began Business: 4-22-1935

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection________ $
United States Government obligations, direct and guaranteed ........
Obliga!i'?n.s of States and political
subdtVlSlODS ----------------------------------
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)------------------Loans and discounts (including
Baonvkerpdrreamftiss)es -o--w---n--e--d---,--f--u--r--n--i--t-u---r-e----a--n---dfixtures ................................................
Real estate owned other than bank
premises ----------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate.____________________
Customers' liability to this bank on acceptances outstanding_________
Other assets __________________________________________

616,666.18 75,000.00 None None None
408,519.27 2,350.00 None
None None None

Total Assets ----------------------- $ 1,002,434.46

LIABILITIES
Demand deposits ------------------------------- $ TDiempoesidtespoosfitsU.----S--.----G---o--v--er-n--m----e--n--t-_-_-_-_-_-_-_-_ Deposi~s. .of States and political
subdtvlSlOns ...................................... Deposits of bank-----------------------Other deposits (certified and offiBilclesrsp' acyhaebclkes_,___e__t_c_._)__._._._.._._._._._.._._._._._.._._._._._.._._._._.._..
Acceptances executed by or for account of this bank and outstanding .-------------------------------
Other liabilities ----------------------------------Capital ------------------------------Surplus -------------------------------Undivided profits -------------------------- Reserves ..................................................

718,733.08 66,677.33
6,187.24
79,964.88 None
5.645.40 None
None None 25,000.00 25,000.00 60,000.00 26,326.62

Total Liabilities ------------------------- $ 1,002,434.45

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF UNION POINT Union Point, Ga.

As called for by the Superintendent of Banks.

RALPH L. RHODES, President.
Date of Charter: 5-15-1911

ALEX ROGERS, Cashier.
Began Business: 5-1911

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'?~s of States and political SU bdtVISIOnS ........................................ Other bonds, notes, and debentures Corporate stocks (including stock of Federal Reserve Bank) ------------------Loans and discounts (including
overdrafts) -------------------------------------Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate________________________
Customers' liability to this bank on acceptances outstanding____________
Other assets----------------------------

509,257.74 102,000.00 156,597.65
None None 400,116.18 3,818.31
3.00
None None None

Tots! Assets ----------------------------- $ 1,171,792.88

LIABILITIES Demand deposits -----------~------------------ $ TDiempoesidtsepoosfitsU-.----S---.----G---o---v--e--r--n--m---e--n---t-_-_-_-_-_Deposi~ ..of States and political
subdiVIsions ........................................ Deposits of banks ------------------------------- Other deposits (certified and offiBicllesrsp' acyhaebclkes_,__e__t_c__._)___--_-_-_--_-_-_--_-_-_--_-_-_--_-_--_-_-_--_-_--
Acceptances executed by or for account of this bank and out-
Otshtearndliianbgil-i-t-ie--s-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-
Capital --------------------------------------------------Surplus ----------------------------------------------Undivided profits ------------------------------Reserves ................. -

686,166.27 286,877.77
1,036.40
69,774.36 380.50
1,519.02 None
None None 50,000,00 60,000.00 16,498.47 9,660.09

Total Liabilities ------------------------ $ 1,171,792.88

-1

THIRTY-FOURTH ANNUAL REPORT

139

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE FARMERS BANK Union Point, Ga.

As called for by the Superintendent of Banks.

JOHN B. STEWART President.

REUBEN FLYNT Cashier.

Date of Charter: 9-6-1911

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~ of States and political
subdtVISlOD ........................................
Other bonds, notes, and debentures__ Corporate stocks (including stock of
Federal Reserve Bank)__________________
Loans and discounta (including
overdrafts) ---------- Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. Investmenta and other asseta indi-
rectly representing bank premises or other real estate____________________
Customers' liability to this bank on acceptances outstanding______________
Other asseta ........................................

387,612.46 511,762.33
30,962.03 5,314.05 None
796,805.00 4,268.10 None
None None 1,019.30

Total Asseta - $ 1,737,743.27

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government........ Deposi~. _of States and political
subdlVISIODS ..................................
Deposits of banks---------------------------Other deposita (certified and offiBilclesrsp' acyhaebclkes_,___e__t_c_.__)___._._._._.._._._._._.._._._._._._.._._._._._._.._..
Acceptances executed by or for account of this bank and out-
standing ----------------Other liabilities--------------------------------
Capital -------------------------------Surplus --------------------------------------Undivided profits ------- Reserves ..................................................

521.233.24 950,519.76
24,623.98
68,355.85 None
3,573.10 None
None None 60,000.00 60,000.00 35,437.34 34,000.00

Total Liabilities - $ 1,737,743.27

STATEMENT

Showing condition at the close of business December 31, 1953, of

FIRST STATE BANK Valdosta, Ga.

As called for by the Superintendent of Banks.

J. 0. CONOLY, President
Date of Charter: 1-22-1906

WM. W. CONOLY, 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
subdtVISIODS .......................................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) --------Loans and discounta (i n c I u d i n g
overdrafts) - Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises -------Investments and other assets indi-
rectly representing bank premises or other real estate ........................ Customers' liability to this bank on acceptances outstanding ................
Other assets ---

380,959.97 252,716.93
45,212.58 None None
737,204.57 17,548.87 1.00
None None 426.53

Total Assets ------- $ 1,434,070.45

LIABILITIES
Demand deposits -- $ Time deposits ...................................... Deposits of U. S. Government. ______ _ Deposi~s. ?f States and political
SUbdiVlSIODS .......................................
Deposita 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 ---------

535,705.06 435,264.53
21,241.80
155,000.00 65,867.13
12,866.64 None
None 4,000.00 100,000.00 40,000.00 14,125.29 51l,OOO.OO

Total Liabilities ............................ $ 1,434,070.45

--1

140

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1953, of
DARBY BANKING COMPANY Vidalia, Ga.
As called for by the Superintendent of Banks.

J. F. DARBY, SR., President.
Date of Charter: 6-22-1934

0. C. EIDSON, Cashier.
Began Business: 7-1-1934

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

639,399.63 671,664.52
49,000.0~
None None 409,406.71 8,941.64 None
None None
1.00

Total Assets ................................ $ 1,778,413.50

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 outstanding ~~--------------------Other liabilities .................................... Capital .................................................... Surplus ~ ~---~~~~-- ~----------------Undivided profits ................................ Reserves ..................................................

1,191,354.89 241,515.37 3,141.40 116,221.50 71,094.34 17,174.59 None
None 12,367.30 50,000.00 30,000.00 45,544.11
None

Total Liabilities .......................... $ 1,778,413.50

STATEMENT

Showing condition at the close of business December 31, 1953, of

VIDALIA BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks.

G. H. GIBSON, 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'!n.s of States and political
subdtVISIODB .........................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank)- Loans and discounts (including
overdrafts) ....................................... Bank premises owned, furniture and
fixtures ................................................ Real estate owned other than bank
premises .............................................. JnvE!stments and other assets indi-
rectly representing bank premises or other real estate_________________________
Customers' liability to this bank on acceptances outstanding______________
Other assets ..........................................

1,082,687.83 700,736.60 None None None 703,937.15 11,478.91 None
None None None

Total Assets .................................. $ 2,498,840.49

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

1,906,662. 70 212,647.15 50,220.76
108,387.71 29,648.42
24,391.36 None
None None 50,000.00 40,000.00 None 76,932.39

Total Liabilities .......................... $ 2,498,840.49

THIRTY-FOURTH ANNUAL REPORT

141

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK Vienna, Ga.

As called for by the Superintendent of Banks.

E. E. LEWIS, President.
Date of Charter: 6-24-1931

W. G. WILLIAMSON, Cashier.
Began Business: 7-1-1931

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

634,425.94 137,300.00
None None None 718,706.14 3,145.22 None
None None None

Total Assets .................................. $ 1,493,577.SO

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

998,463.96 114,648.68
2,801.72
194,734.97 1,005.11
3,148.84 None
None None 60,000.00 25,000.00 101,738.48 2,186.14

Total Liabilities ............................ $ 1,493,677.80

STATEMENT

Showing condition at the close of business December 31, 1953, 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 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 --------------------------------------Investments and other assets indi-
rectly representing bank premises or other real estate______________________
Customers' liability to this bank on acceptances outstanding______________
Other assets-----------------

562,281.83 1,021,800.00
62,426.00 None None
443,212,46 2.00
None
None None None

Total Assets ..................................$ 2,089, 721.29

LIABILITIES Demand deposits ................................ $ Time deposits __ ..................................... Deposits of U. S. Government.......... Deposi!s. _of States and political
subdlVlSlOns ........................................
Deposits of banks ---- Other deposits (certified and offi-
cers' checks, etc.) ............................
ABcilclsepptaaynacbesle executed-byor-for account of this bank and out-
standing _------------------------------Other liabilities ..................................
Capital --------------------- Surplus -------------- Undivided profits ------ Reserves ---

1,745,707.92 31,457.81 16,769.60
67,408.24 8,720.62
1,968.47 None
None 22,057.00 60,000.00 60,000.00 35,641.73 60,000.00

Total Liabilities ............................ $ 2,089,721.29

-1

142

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF WADLEY Wadley, Ga.

As called for by the Superintendent of Banks.

WM. C. CLARY, JR., President.
Date of Charter: 1-29-1902

P. G. EDENFIELD, 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
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 ..........................................

182,582.77 321,000.00
32,577.13 None None
730,854.18 7,452.37 None
None None 673.76

Total Assets .................................... $ 1,275,140.21

LIABILITIES

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

subdtvtstons - Deposits of banks ............................ Other deposits (certified and offiBilcles rsp' acyhaebclkes_,___e__t_c__._)____._._._.._._._._._._._._._.._._._._._._._._._._.._..

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

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

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

8 urpIus

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

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

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

e61,505.7o 305,952.17
38,122.19
177,629.16 None
9,358.25 None
None 11,889.01 25,000.00 25,000.00 20,683.73
None

Total Liabilities ............................ $ 1,275,140.21

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS STATE BANK Warner Robins, Ga.

As called for by the Superintendent of Banks.

D. L. FOUNTAIN, President.
Date of Charter: 12-31-1950

H. LEE MILLER, Cashier.
Began Business: 1-2-1951

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

375,850.53 1,019,676.43
None None None 547,011.94 30,797.81 None
None None 2,652.03

Total Assets .......................... $ $ 1,975,988.74

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

973,356.12 236,392.75
13,334.99
231,922.31 345,000.00
8,040.46 None
None 32,023.66 50,000.00 50,488.73 35,429.72
None

Total Liabilities ............................ $ 1,975,988.74

1

THIRTY-FOURTH ANNUAL REPORT

143

STATEMENT

Showing condition at the close of business December 31, 1953, of

CITIZENS BANK Warrenton, Ga.

As called for by the Superintendent of Banks.

DENHAM CASON President
Date of Charter: 4-14-1902

G. C. GARRETT Cashier
Began Business: 4-1902

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

402,089.34 1,179,662.50
136,961.10 3,900.00 None
947,835.83 20,742.10 None
None None None

Total Assets ................................ $ 2,691,190.87

LIABILITIES Demand deposits .................................. $
Time deposits ---- Deposits of U. S. Government........ Deposi~s. .of States and political
su'bd.IV1510ll8 ............................
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 ................................................

1,56"8,096.81 681,711.56 24,038.17
173,587.96 None
3,577.45 None
None None 50,000.00 100,000.00 75.016.82 15,162.10

Total Liabilities ............................ $ 2,691,190.87

STATEMENT

Showing condition at the close of business December 31, 1953, of

FARMERS AND MERCHANTS BANK Washington, Ga.

As called for by the Superintendent of Banks.

H. G. GARRARD, SR., President.
Date of Charter: 8-10-1949

ROGER DODD, Cashier.
Began Business: 3-14-1950

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 (inc I u ding overdrafts) ........................................ Bank premises owned, furniture and fixtures ................................................ Real estnte owned other than bank vremises .............................................. Investments and other assets indirectly representing bank premises or other real estate ........................ Customer's liability to this bank on acceptances outstanding ................ Other assets ..........................................
Total Assets ................................ $

224,046.56 502,965.20
None None None 237,668.19 6,115.93 None
None None 4,989.17 975,785.05

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government.......... Deposi~s. _of States and political
SU bdtVlSlODS .......................................
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 .....................................,............

386,800.51 187,160.04
11,531.25
293,588.65 10,202.35
18.75 None
None 587.13 65,000.00 13,000.00 1,396.37 6,500.00

Total Liabilities ............................ $ 975,785.05

1

144

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE WASHINGTON LOAN & BANKING CO. Washington, Ga.

As called for by the Superintendent of Banks.

F. W. THOMAS, President.
Date of Charter: 9-7-1891

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 ........ $ United States Government obligations, direct and guaranteed........ Obliga~i~n!' 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-
rectly representing bank premises or other real estate ...------ Customers' liability to this bank on acceptances outstanding_____________
Other assets ............................................

1,044,158.27 1,058, 770.31
377,868.93 None
6,000.00 1,306,262.44
1.00 None
None None None

Total Assets .................................. $ 8,793,055.95

LIABILITIES

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

Time deposits ........................................

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

Deposl~s ..of States and political

SUbdJVlSlODS .................

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

2,222,934.26 641,311.60 76,531.11
410,099.18 96,580.38
5,393.42 None
None None 100,000.00 100,000.00 140,206.00 None

Total Liabilities .......................... $ 3,793,055.96

STATEMENT

Showing condition at the close of business December 31, 1953, of

COMMERCIAL BANK Waycross, Ga.

As called for by the Superintendent of Banks.

L. B. HARRELL, President.
Date of Charter: 10-15-1918

N. P. MILLER, 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........ 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 ..........................................

1,475,370.71 3,467. 700.00
181,757.50 None None
862,766.67 32,000.00
None
None None None

Total A8sets - $ 6,019,594.88

LIABILITIES Demand deposits ................................ $ Time deposits ........................................ Deposits of U. S. Government........
Deposi~ . ?i States and political
subdiVlSlODS ...........................
Deposits of banks ................................ Other deposits (certified and offi
cers' checks, etc.) ............................ Bills payable....------- Acceptances executed by or for
account of this bank and out-
standing _----------------------------------------Other Liabilities ..................................
Capital ---------SUunrdPilvuids e-dpro-fits.....-..-.....-....-..-....-.......-..-.
Reserves -------

4,048,321.80 871,106.39 39,080.89
45"4,287.40 134,434.56
23,906.44 None
None 21,174.77 50,000.00 150,000.00 40,000.00 187,282.63

Total Liabilities ............................ $ 6,019,594.88

THIRTY-FOURTH ANNUAL REPORT

145

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF WAYNESBORO Waynesboro, Ga.

As called for by the Superintendent of Banks.

M. K. TUCKER, President.
Date of Charter: 12-16-1890

J. W. NICHOLS, 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~ of States and political
SUbd.IVISlODS .....................
Other bonds, notes, and debentures Corporate stocks (including stock of
Federal Reserve Bank) ................ Loans and discounts (including
overdrafts) ........................................ Bank premises owned, furniture and
fixtures .............................................. Real estate owned other than bank
premises .............................................. Investments and other assets indi-
rectly representing bank premises or other real estate ........................ Customers' liability to this bank on acceptances outstanding_______________
Other assets ..........................................

1,536,071.08 400,979.37 107,000.00 None 1,000.00
1,760,556.19 30,499,88 1.50
None None 1.627.50

Total Assets ................................ $ 3,837.735.52

LIABILITIES Demand deposits ............................... $
TDiempoesidtsepoofsiUts. S-.-Go--v--e-r--n--m---e--n--t-_-_-_-_-__-_-_-_-_ Deposi~s. _of States and political
subdiviSions ---------------------------------------Deposits of banks .............................. Other deposits (certified and offi-
cers' checks, etc.)-----------------------Bills payable.......................................... Acceptances executed by or for
account of this bank and outstanding ---------------------------Other liabilities ....................................
Capital -Surplus ............................................. Undivided profits ...........................
Reserves ---------------------------------------------- ___

2,014,288.27 1,165,445.09
66,356.81
244,300.67 71,744.60
30,706.97 None
None 2.80
75,000.00 125,000.00 38,890.31
6,000.00

Total Liabilities ............................ $ 3,837,735.52

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE PEOPLES BANK Willacoochee, Ga.

As called for by the Superintendent of Banks.

W. L .STEVENS, President
Date of Charter: 1-4-1952

S. T. BRAGDON, Cashier
Began Business: 1-15-1952

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection........ $ 196,425.37

United States Government obliga-

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

58,000.00

Obliga~i~n_s of States and political

subdiVISIOnS ------ Other bonds, notes, and debentures

None None

Corporate stocks (including stock of

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

None

Loans and discounts (i n c I u d in g

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

63,018.10

Bank premises owned, furniture and

fixtures ................................................

4,300.00

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 - $ 321,743.47

LIABILITIES Demand deposits .................................. $ Time deposits ........................................ Deposits of U. S. Government ........ Deposi~s. ?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 out-
standing --- Other liabilities .................................... Capital .................................................... Surplus .................................................... Undivided profits ................................
Reserves ---------------------------------

154,625.29 52,535.29 None
78,056.32 None
3,401.81 None
None None 30,000.00 351.07 2,773.69 None

Total Liabilities ............................ $ 321,743.47

146

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE BANK OF BARROW Winder, Ga.

As called for by the Su}Hlrintendent of Banks.

W. C. HARRIS President.
Date of Charter: 3-12-1951

FRED HUTCHINS Cashier.
Began Business: 3-17-1951

ASSETS Cash, balance 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 ..........................................

585,919.21 763,645.81
None 50,000.00
None 474,242.04
9,945.85
None
668.23 None 5,346.60

Total Assets .................................. $ 1,889,767.74

LIABILITIES Demand deposits ................................ $
Time deposits ----------Deposits of U. S. Government.......... Deposi~s. ?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 band and out-
standing -------------------Other liabilities .................................... Capital .................................................... .. Surplus .................................................... Undivided profits ................................
Reserves -----------------------------------

1,350,528.87 143,261.47 73,429.92
167,498.06 None
14,861.54 None
None 16,943.31 75,000.00 15,000.00 22,296.86 10,947.71

Total Liabilities ............................ $ 1,889,767.74

STATEMENT

Showing condition at the close of business December 31, 1953, 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. B. LANGFORD, Cashier.
Began Business: 10-30-1926

ASSETS Cash, balances with other banks, in-

cluding reserve balances, and cash

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

United States Government obliga-
tions, direct and guaranteed........ 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 ..........................................

953,332.22 1,320,078.13
17,850.00 None None
593,999.14 16,000.00 2,000.00
None None 1,703.61

Total Assets ................................ $ 2,904,963.10

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, ete.) .......................... Bills payable ......................................... Acceptances executed by or or for
account of this bank and out-
standing --------------------------------------------Other liabilities .................................... Capital ................................................... Surplus .................................................... Undivided profits.................................. Reserves ..................................................

2,273,488.12 248,469.43 22,265.14
140,602.51 None
8,910.95 None
None 13,302.84 50,000.00 75,000.00 25,000.00 47,924.11

Total Liabilities ............................ $ 2,904,963.10

-1

THIRTY-FOURTH ANNUAL REPORT

147

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE 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........ $ 350,287.76

United States Government obliga-

tions, direct and guaranteed_______ _ 271,878.13

Obliga~i~n.s of States and political

subdiVlSlODS .................................

6,729.23

Other bonds, notes, and debentures _

None

Corporate stocks (including stock of

Federal Reserve Bank)

---

None

Loans and discounts ( inc 1u ding

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

320,074,72

fixtures ..............................................

9,508.19

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 ---- $ 958,478.03

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

374,367.18 345,957.42
None
145,966.72 None
3,255.27 None
None None 50,000.00 28,000.00 3,455.00 7,476.44

Total Liabilities ............................ $ 958,478.03

STATEMENT

Showing condition at the close of business December 31, 1953, 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

M. 0. CAMPBELL, Cashier.
Began Business: 9-29-1902

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

350,848.69 521,500.00
None None None 417,344.86 300.00 None
None None None

LIABILITIES

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

Time deposits ........................................

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

Deposi~s. _of States and political

subdiVISIOns ......................................

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

Other deposits (certified and offi-

cers' che-cks, etc.) ............................

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

account of this bank and out-

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

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

Capital _______________

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

Surplus ______ __ ---------------------

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

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

722,133.27 267,452.47
6,126.89
124,960.82 None
1,217.10 None
None 2,000.00 25,000.00 50,000.00 81,103.00 10,000.00

Total Assets .................................. $ 1,289,993.55

Total Liabilities ............................ $ 1,289,993.55

148

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1953, of

THE WOODLAND BANK Woodland, Ga.

As called for by the Superintendent of Banks.

J. H. WOODALL, President.
Date of Charter: 11-18-1907

C. E. MILLER, 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 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 ..........................................

114,666.74 185,852.60
None None None 55,718.11 600.00 None
None None 1,227.75

Total Assets .................................. $ 358,065.20

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

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

Deposi!s. _of States and political

subdiVISions .........................

Deposits of banks______

.... ..

Other deposits (certified and officers' checks, etc.) ................
Bills payable......_______ .. ------------------Acceptances executed by or for

account of this bank and outstanding ----------------------------~--------..-----Other liabilities .................................... Capital ....................................................

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

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

259,045.45 8,926.52 3,559.93
41,350.99 None
4 74.44 None
None 750.00 15,000.00 15,000.00 13,957.87 None

Total Liabilities .......................... $ 358,065.20

STATEMENT

Showing condition at the close of business December 31, 1953, of

BANK OF WOODSTOCK Woodstock, Ga.

As called for lby the Superintendent of Banks.

J. E. 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........ $ 112,700.94

United States Government obliga-

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

312,460,94

Obliga~i'!n~ of States and political

subdiVISIOllS .......................................

23,000.00

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (inc Iu ding

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

345,897.18

Bank premises owned, furniture and

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

2.00

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

10,000.00

Total Assets ................................ $ 804,062.06

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

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

Deposi!s .of States and political

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

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

account of this bank and out-

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

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

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

.. ..

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

436,957.97 145,416.01
13,830.20
135,900.40 None
9.50 None
None 5,165.21 25,000.00 40,000.00 1,782.77
None

Total Liabilities ............................ $ 804,062.06

THIRTY-FOURTH ANNUAL REPORT

149

STATEMENT

Showing condition at the close of business December 31, 1953, 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........ 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______________________________________

295,230.11 804,000.00
8,194.14 None None
809,162.92 5,864.50 None
None None None

Total Assets .................................. $ 1,922,451.67

LIABILITIES Demand deposits ................................ $ Time deposits ....................................... Deposits of U. S. Government........ Deposi~s- .of States and political
subdtvlSlODS ......................................
Deposits of banks ................................ Other deposits (certified and offiBilclesrsp' acyhaebclkes_,____e__t_c__._)_____._._._._._._._._._._._._._._._._._._._._._._._._.._..
Acceptances executed by or for account of this bank and outstanding __________ ----------------------------
Other liabilities ______ ------------------------Capital ....................................................
Surplus ----- Undivided profits ................................
Reserves --------------

1,283,563.53 226,218.26 5,790.00
173,769.37 63,110.18
4,326.19 None
None None 50,000.00 50,000.00 38,174.14 27,500.00

Total Liabilities ............................ $ 1,922.451.67

STATEMENT

Showing condition at the close of business December 31, 1953, 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 ---u Investments and other assets indi-
rectly representing bank premises or other real estate........................ Customers' liability to this bank on acceptances outstanding............

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

196,217.30 88,000.00 None None None
804,473.78 7 51.00 None
None None None

Total Assets --------- $ 1,089,442.08

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

805,105.59 47,451.24
None
70,092.22 None
621.06 None
None None 35,000.00 80,000.00 28,033.44 23,138.53

Total Liabilities ............................ $ 1,089,442.08

150

DEPARTMENT OF BANKING

STATEMENT

'

Showing condition at the close of business December 31, 1953, 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 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 Banks) -----------------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 ........................................

344,142.59 520,549.61
28,555.46 None None
274,309.10 1,400.00 None
None None 777.95

Total Assets .................................. $ 1,169,734. 71

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

SUl>d.lVISIOns ..............
Deposits of banks ..............._._____________

Other deposits (certified and offiBilclesrs'pacyhaebclkes_,___e__t_c__._)____._.._._._._._._._._._._.._._._._._._._._._._.._._..

Acceptances executed by or for account of this bank and outstanding _________ --------------------------------

Other liabilities ---------------------------Capital --------------------------------------------------Surplus .................................................... Undivided profits ................................

Reserves

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

651,810.74 251,425.99
28,631.25
110,280.27 None
867.62 None
None 3,000.00 26,000.00 50,000.00 48,718.94
None

Total Liabilities - $ 1,169,734.71