Forty-second annual report [1961]

Forty -second Annual Report
SUPERINTENDENT of BANKS
of GEORGIA

1961

W. D. TRIPPE
Superintendent

STATE OF GEORGIA
Department of Banking
CREATED BY Acr APPROVED AUGUST 16, 1919
Forty-second Annual Report
YEAR ENDING DECEMBER 31, 1961
DEPARTMENT ESTABLISHED An Act to create the D~artment 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.
W. D. TRIPPE, Superintendent of Banks

DEPARTMENT OF BANKING STATE OF GEORGIA ATLANTA

To His Excellency, Honorable Ernest Vandiver, Governor of Georgia, Atlanta, Georgia.

December 31, 1961

In compliance with the provisions of Article 2, Sections 15 and 16 of the State Banking Law, I have the honor of submitting to you the Forty-second Annual Report of the Department of Banking for the year ending December 31, 1961.
Respectfully,

W. D. Trippe Superintendent of Banks

IV

DEPARTMENT OF BANKING

"Exhibit A"

OFFICIAL ROSTER

DECEMBER 31, 1961

Annual Salary
W. D. Trippe, Superintendent of Banks ............................ $12,840.00 W. M. Jackson, Assistant Superintendent of Banks .................. 10,860.00 W. A. Ramsey, Review Examiner.................................. 8,724.00
SENIOR BANK EXAMINERS
Aycock, M. T., Decatur, Ga....................................... $ 8,088.00 Brooks, B. T., Decatur, Ga........................................ 8,088.00 Brown, J. B., Vidalia, Ga......................................... 8,088.00 Callier, Robert H., Jr., Dublin, Ga................................. 8,088.00 Goodloe, Hallum Wood, Jr., Decatur, Ga............................ 8,088.00 Jones, Frank J., Chula, Ga........................................ 7,020.00 Martin, Edwin G., Decatur, Ga.................................... 7,020.00 McGregor, Lamar L., Statesboro, Ga............................... 8,088.00 Paxton, Walter A., Albany, Ga.................................... 8,088.00
ASSISTANT BANK EXAMINERS
Bolden, Charles E., Decatur, Ga................................... $ 6,300.00 Bridges, Ray F., Atlanta, Ga...................................... 5,592.00 Brown, Harold S., Vidalia, Ga..................................... 6,060.00 Cummings, Wm. G., Albany, Ga................................... 5,592.00 Gray, Burch J., Forest Park, Ga................................... 4,800.00 McClain, J. Stewart, Jr., Atlanta, Ga............................... 5,592.00 Miller, Wallace E., Dublin, Ga..................................... 5,592.00 Mimbs, Norman E., Albany, Ga................................... 5,592.00 Pierce, D. Neil, Statesboro, Ga..................................... 5,592.00 Reeves, B. Kyle, Jr., Atlanta, Ga.................................. 5,592.00
CREDIT UNION EXAMINERS
Grovensteen, George W., Atlanta, Ga............................... $ 6,300.00 Gunn, Robert H., Atlanta, Ga..................................... 6,060.00
OFFICE ASSISTANTS
Cunningham, Lucy T., Senior Clerk ................................ $ 3,972.00 Ethridge, LaVern Jean, Senior Clerk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ,972. 00 Jones, Evelyn W., Accountant..................................... 5,376.00 Lee, Dorothy L., Senior Clerk..................................... 3,300.00 Moody, Kathleen, Intermediate Typist............................. 2,952.00 Redding, Judy Ann, Senior Stenographer. . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 420.00 Steele, Nancy, Intermediate Typist................................ 2,952.00 Wyrick, Annette S., Confidential Secretary.......................... 5,172.00 Andrews, John D., Porter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 076.00

FORTY-SECOND ANNUAL REPORT

v
Ezhibit "B"

DEPARTMENT OF BANKING. STATE OF GEORGIA

RECEIPTS AND DISBURSEMENTS 1961
RECEIPTS Balance January 1, 1961. ..................... S 13,936.32 Received from Appropriation. . . . . . . . . . . . . . . . . . 284, 327. 95 Miscellaneous Income ....................... . 137.90
DISBURSEMENTS Superintendent's Salary....................... S 12,595.00 Assistant Superintendent's Salary. . . . . . . . . . . . . . 10,650.00 ~eni Salaries .......................... 132,538.83 Office Assistants' Salaries..................... 41,430.02 Travel Expenses ............................. 54,376.51 Supplies and Material. . . . . . . . . . . . . . . . . . . . . . . . 3,010. 52 Communication.............................. 3,493.58 Printing and Publicity. . . . . . . . . . . . . . . . . . . . . . . . 4, 434. 68 Repairs and Alterations....................... 2,620.30 Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139. 33 Insurance and Bonding. . . . . . . . . . . . . . . . . . . . . . . 1, 124. 15 Pensions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16, 466. 06 Equipment.................................. 7,603.87 Miscellaneous. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278. 30
Balance December 31, 1961...............

$298,402.17
$290,761.15 S 7,641.02

VI

DEPARTMENT OF BANKING

CHARTERS APPROVED

Exhibit "C"

I ---------N-A-M-E-O-F -BA-N-K---------'---------- LocATION -----II ---A-P-PR-O-V-ED----

Bank of Hartwell ........................ . Hartwell .............

4-11-61

First State Bank and Trust Company ....... . Albany ................

3-31-61

The Citizens Bank ....................... . Hogansville ........... .

11-29-61

Pineland State Bank ...................... . Metter............... .

12-19-61

1

RENEWAL OF CHARTERS APPROVED

NAME OF BANK

LocATION

Roswell Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Roswell .............. . Sea Island Bank . . . . . . . . . . . . . . . . . . . . . . . . . . Statesboro ............ .
Citizens Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Vienna ............... . Coffee County Bank. . . . . . . . . . . . . . . . . . . . . . . Douglas .............. . Bank of Molena. . . . . . . . . . . . . . . . . . . . . . . . . . . Molena .............. .
The Merchants and Farmers Bank . . . . . . . . . . Milledgeville .......... .

Exhibit "D"
APPROVED
2- 1-61 3- 8-61 4-18-61 5- 1-61 6-30-61 12-27-61

Exhibit "E"

PERMITS TO BEGIN BUSINESS

NAME OF BANK

LocATION

Bank of Hartwell. . . . . . . . . . . . . . . . . . . . . . . . . Hartwell ............. . The Citizens Bank . . . . . . . . . . . . . . . . . . . . . . . . Hogansville ........... .

BEGAN BUSINESS
11- 9-61 12-11-61

Exhibit "F"

MERGERS APPROVED -------- -- - ----------.-------.-----------

NAME OF BANK

LocATION DATE oF MERGER To BE KNoWN As

First State Bank of Albany and
Albany Trust & Banking Company. . . . Albany ...

4-1-61

First State Bank & Trust Company

FORTY-SECOND ANNUAL REPORT

VII

Exhibit "G"

APPLICATION TO INCREASE CAPITAL STOCK APPROVED

NAME OF BANK

I LoCATION APPROVED

Trust Company of Georgia ......... Atlanta ...... Bank of Thomas County ........... Thomasville .. Bank of Rockdale ................. Conyers ......
Bank of Eastman .................. Eastman ..... The Rome Bank and Trust Company Rome ........ Citizens and Southern Bank of
Dublin ......................... Dublin....... Peoples Bank ..................... Blackshear ...
South Side Atlanta Bank ........... Atlanta ...... The Bank of Heard County ......... Franklin ..... Citizens Bank..................... Cairo ........ Habersham Bank .................. Clarkesville ... Farmers Bank of Pelham ........... Pelham ....... Bank of Forest Park . . . . . . . . . . . . . . . Forest Park ... Bank of College Park .............. College Park .. The Peo~les Bank of Eatonton ...... Eatonton ..... The Roc mart Bank ............... Rockmart .... Bank of Hancock County ........... Sparta ....... Bank of Worth County ............. Sylvester ..... Commercial Bank ................. Thomasville .. The Four County Bank ............ Allentown .... Merchants and Farmers Bank ....... Donalsonville. The Peoples Bank ................. Winder ....... Farmers and Merchants Bank ....... Senoia ....... Citizens Banking Company ......... Lexington .... Coffee County Bank ............... Douglas ...... Bank of Greensboro ................ Greensboro ... Cohutta Banking Company ......... Chatsworth ... Bank of Upson .................... Thomaston ... Bank of Thomson ................. Thomson ..... Bank of Forest Park ............... Forest Park ... Bank of Molena ................... Molena ...... The Citizens and Southern Bank
of LaGrange .................... LaGrange .... The Commercial Bank ............. Douglasville .. Wilkinson County Bank ............ Irwinton ..... Exchange Bank of Milledgeville ..... Milledgeville .. St. Simons State Bank ............. St. Simons lsi. The Citizens Bank ................. Gainesville ...

1-11-61 1-12-61 1-13-61 1-19-61 1-19-61
1-30-61 1-30-61 2- 1-61 2- 2-61 2- 6-61 2- 6-61 2-14-61 2-22-61 2-23-61 3- 6-61 3- 7-61 3- 8-61 3-14-61 3-21-61 3-21-61 3-21-61 4-18-61 4-20-61 4-28-61 5- 1-61 5- 1-61 5-24-61 6- 6-61 6- 7-61 6-23-61 6-30-61
7-18-61 8-11-61 9-21-61 10-25-61 11-30-61 12-19-61

AMOUNT OF INCREASE

$4,090,000 to $5,000,000

150,000

180,000

80,000

160,000

40,000

120,000

320,000

352,000

200,000 50,000
200,000 25,000 50,000
50,000 100,000 131,250 100,000
25,000 75,000
50,000 50,000 200,000 25,000
50,000 50,000 25,000 25,000
50,000 75,000
50,000 150,000 50,000
145,000 15,000

300,000 100,000
300,000 50,000 75,000 100,000 150,000
145,000 125,000
50,000 100,000 100,000
100,000 312,500
50,000 100,000
100,000
30,000 50,000 100,000 100,000
100,000 180,000 150,000
200,000
30,000

300,000 50,000 25,000
100,000 50,000 150,000

500,000 100,000 50,000 200,000 75,000 300,000
----

VIII

DEPARTMENT OF BANKING

Exhibit "H"

APPLICATIONS TO REDUCE PAR VALUE OF CAPITAL STOCK APPROVED

NAME OF BANK

I I I LocATION

PAOFRSVTAOLCUKE REDUCED TO

The First State Bank of Fitzgerald. Fitzgerald ..... $100

$10

Citizens Bank ................... Cairo .........

100

10

Farmers Bank of Pelham .......... Pelham .......

100

10

Bank of College Park . . . . . . . . . . . . . College Park ...

100

10

The Peoples Bank of Eatonton ..... Eatonton ......

100

50

Bank of U~son ................... Thomaston ....

100

10

Bank of T omson ................ Thomson ......

100

25

The Commercial Bank ............ Douglasville ...

100

10

Exchange Bank of Milledgeville .... Milledgeville ...

100

20

St. Simons State Bank ............ St. Simons lsi. .

100

10

APPROVED 1-31-61 2- 6-61 2-14-61 2-23-61 3- 6-61 6- 6-61 6- 7-61 8-11-61 10-25-61 11-30-61

Exhibit "I"

MISCELLANEOUS APPLICATIONS TO AMEND CHARTERS APPROVED

I I NAME
Exchange Bank

OF BANK of Milledgeville.

1-M--il-lLe-Od-Cg-Aev-TiI-lOl-eN.-.-.-.-. 1CN-hA-aT-nU-gRe-E-nO-aFm--Ae-Mt-oE-N-D-M-E-N-T-I--A-P-P-RO-V-E-D--

Exchange Bank ...... , 10-25-61

FORTY-SECOND ANNUAL REPORT

BRANCH BANKS AS OF DECEMBER 31, 1961

NAME oF BRANCH

NAME OF PARENT

I LocATION

The Bank of Georgia,

Buckhead Office ............. The Bank of Georgia. . . . . . . . . . . . . Atlanta

The Bank of Georgia,

494 Ponce de Leon Ave., N.E. The Bank of Georgia ............. Atlanta

The Bank of Georgia, West End

936 Gordon St., S. W......... The Bank of Georgia............. Atlanta

The Bank of Georg_ia,

Pershing Point Office ......... The Bank of Georgia............. Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

890 Marietta St., N.W........ Bank of Atlanta................ Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

140 Peachtree St., N.W....... Bank of Atlanta.... . . . . . . . . . . . . Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

Campbellton Plaza Office..... Bank of Atlanta................ Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

Buckhead Office............. Bank of Atlanta................ Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

Peachtree-Lenox Office ....... Bank of Atlanta ................ Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

Peachtree-Baker Office....... Bank of Atlanta................ Atlanta

The Citizens & Southern Bank

of Atlanta,

The Citizens & Southern

Broadview Plaza Office. . . . . . . Bank of Atlanta. . . . . . . . . . . . . . . . Atlanta

The Citizens Trust Company,

965 Hunter St., N.W......... The Citizens Trust Company...... Atlanta

Trust Company of Georgia,

Lenox Square Office .......... Trust Company of Georgia....... Atlanta

Trust Company of Georgia,

Stewart Avenue and Glenn

Street Branch ............... Trust Company of Georgia. . . . . . . Atlanta

Trust Company of Georgia,

Buckhead Office ............. Trust Company of Georgia ....... Atlanta

Trust Company of Georgia,

West Peachtree & Third St.... Trust Company of Georgia ....... Atlanta

Trust Company of Georgia,

514 Flat Shoals Avenue ...... Trust Company of Georgia ....... Atlanta

Georgia Railroad Bank &

Trust Company,

Georgia Railroad Bank &

Walton Way Branch ......... Trust Company................ Augusta

Georgia Railroad Bank &

Trust Company,

Georgia Railroad Bank &

1111 Broad Street ........... Trust Company ................ Augusta

Georgia Railroad Bank &

Trust Company,

Gwinnett Street Branch,

Georgia Railroad Bank &

Gwinnett & Eleventh St. . . . . . Trust Company. . . . . . . . . . . . . . . . Augusta

Georgia Railroad Bank &

Trust Company,

Georgia Railroad Bank &

Daniel Viilage Branch. . . . . . . . Trust Company. . . . . . . . . . . . . . . . Augusta

Columbus Bank & Trust Co.

South Columbus Branch ...... Columbus Bank & Trust Co.. . . . . . Columbus

IX Exhibit "J"
BEGAN BUSINESS
1- 5-59 11-15-49 11- 7-50 12-29-55 7-19-49
1-12-50 9-30-57 10- 1-57 7-20-59 12-21-59 12-21-59 8- 1-55 7-15-59 6-20-58 10-24-58 10-11-49 5- 1-56 4-16-58 1- 2-25
12-15-53 2- 1-56 7- 5-27

X

DEPARTMENT OF BANKING

Exhibit "J"-C&nt'd

BRANCH BANKS AS OF DECEMBER 31, 1961

NAME OF BRANCH

NAME OF PARENT

BEGAN
I LoCATION BusiNEss

Columbust Bank & Trust Co. North Hitlands ............ Columbus Bank & Trust Co....... Columbus Columbus ank & Trust Co.,
lOth Street ................. Columbus Bank & Trust Co....... Columbus Columbus Bank & Trust Co., 13th Avenue & Warren
Williams Road .............. Columbus Bank & Trust Co....... Columbus Cornelia Bank,
Demorest, Ga............... Cornelia Bank .................. Cornelia ..
Citizens Bank, Nahunta, Ga................ Citizens Bank ................... Folkston
Savannah Bank & Trust Co., Waters Avenue Branch, Medical Arts Shopping Center Savannah Bank & Trust Co....... Savannah Savannah Bank & Trust Co.,
Midtown Branch, 1120 Bull St................. Savannah Bank & Trust Co....... Savannah Savannah Bank & Trust Co., West Broad Street Branch, 320 West Broad Street ....... Savannah Bank & Trust Co....... Savannah Savannah Bank & Trust Co., Skidway Road and Victory Drive ............... Savannah Bank & Trust Co....... Savannah Savannah Bank & Trust Co., Traffic Circle Branch,
U.S. Highway 17 between Bay and Houlihan Sts........ Savannah Bank & Trust Co....... Savannah

1-18-24 1-18-24 6-16-53 10-24-14 1- 2-25 8-24-59 3-21-49 7-15-50 11- 9-53
2-17-60

BANK OFFICES AS OF DECEMBER 31, 1961

NAME OF OFFICE

NAME OF PARENT

The Citizens & Southern Bank

of Alban}j

The Citizens & Southern Bank

Slappey rive Office. . . . . . . . . of Albany .................... .

First State Bank & Trust Co.,

218 Broad Street Office....... First State Bank & Trust Co..... .

First State Bank & Trust Co.,

Slappey Drive Office ......... First State Bank & Trust Co..... .

The Bank of Georgia,

Cascade Office,

2265 Cascade Road, S.W...... The Bank of Georgia ........... .

The Bank of Georgia,

Northside Drive Office,

1349 Northside Drive ........ The Bank of Georgia ............ .

The Bank of Georgia

Moreland-Custer Office. . . . . . . The Bank of Georgia . . . . . . . . . . . .

The Citizens & Southern

Bank of Atlanta,

Citizens & Southern Bank- The Citizens & Southern Bank

head Office . . . . . . . . . . . . . . . . . of Atlanta .................... .

Marietta Commercial Bank,

Downtown Office ............ Marietta Commercial Bank ...... .

Commercial Bank,

Drive-in Office .............. Commercial Bank .............. .

Bank of Thomas County,

North Broad Office .......... Bank of Thomas County ........ .

FORTY-SECOND ANNUAL REPORT

XI

FACILITIES AS OF DECEMBER 31, 1961

Exhibit "J"-Confd

NAME OF FACILITY

NAME OF PARENT

LocATION

BEGAN BusiNEss

The Citizens & Southern

Bank of Albany,

U.S. Marine Corps Supply The Citizens & Southern

Center Facility .............. Bank of Albany .............. Albany

First State Bank & Trust Co.,

Turner Air Force Base

Facility .................... First State Bank & Trust Co.... Albany

The Citizens & Southern

Bank of Atlanta,

Drive-in Facility, Cor. Pharr The Citizens & Southern

Rd. and Grandview Ave...... Bank of Atlanta .............. Atlanta

The Citizens & Southern

Bank of Atlanta,

Moreland Avenue Drive-in The Citizens & Southern

Facility ..................... Bank of Atlanta .............. Atlanta

Georgia Railroad Bank &

Trust Company,

Georgia Railroad Bank &

Ft. Gordon Faciliti.......... Trust Company.............. Augusta

Columbus Bank & rust Co., Columbus Bank & Trust

Ft. Benning Facility ......... Company .................... Columbus

Merchants and Farmers Bank,

Drive-in Facility ............ Merchants and Farmers Bank ... Donalsonville

Commercial Bank & Trust Co.,

Drive-in Facility,

118 Hill Street .............. Commercial Bank & Trust Co. Griffin

The Peoples Bank,

Drive-in Facility,

Broad and Midland .......... The Peoples Bank ............. Winder

7- 2-56 9-21-53
11-21-60
7-19-61 1-1942 2-20-20 11-13-61 9- 1-60 4-15-60

--~-

Note: Pursuant to an Act of the 1960 Legislature, Code Section 13-203, no new or additional
branch banks as defined in Section 13-201.1 shall be established. However, the Act made provision (Code Section 13-203.1) for the establishment of bank offices or facilities within the incorporated limits of the municipal corporation in which said parent bank or prior established branch
bank is situated. Therefore, you will note branch banks and facilities authorized by the Treasury Department at Government Installations listed, were those established prior to said Act and bank offices and other facilities are those established since the enactment of the 1960 Act.

XII

DEPARTMENT OF BANKING

Exhibit "K"

DISPOSITION OF BANKS IN GEORGIA DURING 1961

BANKS
Banks in Operation January 1, 1961. ......................... . 313 Banks in Operation December 31, 1961. ...................... . 313
Banks Opening During Year:. . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Bank of Hartwell, Hartwell The Citizens Bank, Hogansville First State Bank & Trust Company, Albany
Banks Merged During Year: ........................... 2 First State Bank of Albany, Albany Albany Trust and Banking Company, Albany
Banks Closed During Year: ............................ 1 Bank of Ochlochnee, Ochlochnee
Bank Offices Opening During Year:. . . . . . . . . . . . . . . . . . . . . 7 Bank of Thomas County, Thomasville North Broad Office Commercial Bank, Thomasville Drive-in Office First State Bank & Trust Company, Albany 218 Broad Street Office First State Bank & Trust Company, Albany Slap~y Drive Office The Citizens & Southern Bank of Atlanta, Atlanta Citizens & Southern Bankhead Office Marietta Commercial Bank, Marietta Downtown Office The Bank of Georgia, Atlanta Moreland-Custer Office
Faci~~:'&liz~sgf=t~eaB~~k ~f Atl~~i~; Atl~~t~. ... 2
Moreland Avenue Drive-in Facility Merchants and Farmers Bank, Donalsonville
Drive-in Facility Bank Offices Discontinued During Year. . . . . . . . . . . . . . . . . . 2
First State Bank & Trust Company, Albany Oglethorpe Avenue Office
Southside Atlanta Bank, Atlanta Drive-in Branch 1747 Lakewood Avenue

BRANCHES BANK OFFICES AND FACILITIES
44 51

Exhibit "L"
STATE BANK MEMBERS OF FEDERAL RESERVE SYSTEM
Bank of Adairsville .......................................................... Adairsville The Bank of Georgia ........................................................... Atlanta Citizens Trust Company ........................................................ Atlanta Trust Company of Georgia ...................................................... Atlanta Georgia Railroad Bank & Trust Company ........................................ Augusta Citizens Bank & Trust Company .............. ................................ Bainbridge Blackshear Bank ............................................................ Blackshear Columbus Bank and Trust Company ........................................... Columbus Northeastern Banking Company ............................................... Commerce Granite City Bank.............................................................Elberton The State Bank ................................................................. Griffin Brand Banking Company .................................................. Lawrenceville Farmers Bank ................................................................. Monroe Savannah Bank & Trust Company ............................................. Savannah Bank of Waynesboro ....................................................... Waynesboro

FORTY-SECOND ANNUAL REPORT

XIII

Exhibit "M"
ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN GEORGIA AS OF DECEMBER 31, 1961
(With Comparative Statement as of December 31, 1960)

ASSETS

Dec. 31, 1961 Dec. 31, 1960

313 Banks

313 Banks Increase+

51 Branches* 40 Branches Decrease-

Cash, and balances with other banks .......... S 333,582,414

U. S. Government Obligations, direct and guar-

anteed .................................. 428,657,983

Obligations of States and political subdivisions. 94,186,348

Other Bonds, notes and debentures . . . . . . . . . . . 39,993,909

Corporate stocks, including stock of Federal

Reserve Bank ............................ 2,017,536

Loans and Discounts, including overdrafts ..... 685,452,689

Bank:remises owned and furniture and fixtures 21,233,565

Real state owned other than bank premises ...

931,771

Investments and other assets indirectly repre-

senting bank premises or other real estate .... 1,363,065

Customers' liability to this bank on acceptances

outstanding ..............................

318,194

Other Assets ............................... 5,777,109

$ 318,609,718
405,455,863 80,614,221 29,037,734
1,679,203 645,897,908
19,681,421 1,121,044
923,341
467,209 4,815,912

$ 14,972,696+
23,202,120+ 13,572,127 + 10,956,175+
338,333+ 39,554,781+
1,552,144+ 189,273-
439,724+
149,015961,197+

TOTAL ASSETS ...................... $1,613,514,583 $1,508,303,574 $105,211,009+

LIABILITIES

Demand Deposits ........................... $ 724,969,551 $ 669,283,135 $ 55,686,416+

Time Deposits ............................. . 454,330,107 418,197,818 36,132,289+

Deposits of U.S. Government ............... . 33,720,452

35,759,876 2,039,424-

Deposits of States and political subdivisions ... . 152,925,755 147,955,295 4,970,460+

Deposits of Banks ......................... . 64,567,402

62,663,826 1,903,576+

Other deposits (certified and officers' checks,

etc.) ................................... . 9,305,883

9,671,741

365,858-

TOTAL DEPOSITS .................... $1,439,819,150 $1,343,531,691 S 96,287,459+

Bills payable, rediscounts, and other liabilities for borrowed money ....................... $
Acceptances executed by or for account of this bank and outstanding.....................
Other liabilities.... . . . . . . . . . . . . . . . . . . . . . . . . .

95,000
318,194 24,986,883

400
467,209 24,599,652

94,600+
149,015387,231+

TOTAL LIABILITIES (not including capital accounts) ..................... $1,465,219,227 $1,368,598,952 $ 96,620,275+

CAPITAL ACCOUNTS Capital. ...................................$
Debentures ............................... . Surplus................................... .
Undivided Profits.......................... . Reserves .................................. .

45,395,500 $
177,000 62,774,420
26,864,078 13,084,358

42,207,250 $ 3,188,250+

177,000

-0-

55,414,920 7,359,500+

29,588,625 2,724,547-

12,316,827

767,531+

TOTAL CAPITAL ACCOUNTS ........ $ 148,295,356 $ 139,704,622 $ 8,590,734+

TOTAL LIABILITIES AND CAPITAL ACCOUNTS .............. $1,613,514,583 $1,508,303,574 $105,211,009+

*Includes branch banks, bank offices and facilities.

XIV

DEPARTMENT OF BANKING

Exhibit "N"

CLASSIFICATION OF BANKS BY CAPITALIZATION AS OF DECEMBER 31, 1961

Number
of
Banks

Capital

3...................... . s 15,000.00
47 ...................... . 25,000.00 8...................... . 30,000.00 4...................... . 35,000.00
3 ...................... . 40,000.00 1...................... . 45,000.00 62 ...................... . 50,000.00 5...................... . 60,000.00
1...................... . 65,000.00 1. ..................... . 70,000.00 12 ...................... . 75,000.00
1...................... . 80,000.00 86 ...................... . IOO,OOO.OO
1...................... . 100,IOO.OO
2...................... . 120,000.00 10 ...................... . 125,000.00
1. ..................... . I33,400.00 1. ..................... . I45,000.00 14...................... . 150,000.00 2...................... . I60,000.00
1...................... . 175,000.00 2...................... . 180,000.00 I4...................... . 200,000.00
1...................... . 240,000.00 4...................... . 250,000.00 8 ...................... . 300,000.00
I ...................... . 312,500.00 I ...................... . 325,000.00
1...................... . 350,000.00 I ...................... . 352,000.00 1...................... . 375,000.00 2...................... . 400,000.00 2...................... . 500,000.00 1. ..................... . 725,000.00
1...................... . 812,500.00 1...................... . 1,000,000.00 1...................... . 1,300,000.00 2...................... . 1,500,000.00 1 ...................... . 1,650,000.00 1...................... . 2,250,000.00 1...................... . 5,000,000.00

Total Capital
$ 45,000.00 1,175,000.00
240,000.00 140,000.00 120,000.00 45,000.00 3,100,000.00 300,000.00 65,000.00 70,000.00 900,000.00 80,000.00
8' 600' 000. 00 100,100.00 240,000.00
1,250,000.00 133,400.00 145,000.00
2,100,000.00 320,000.00 175,000.00 360,000.00
2,800,000.00 240,000.00
1,000,000.00 2 ,400,000. 00
312,500.00 325,000.00 350,000.00 352,000.00 375,000.00 800,000.00 1,000,000.00 725,000.00 812,500.00 1,000,000.00 1,300,000.00 3,000,000.00 1,650,000.00
2 '250 '000. 00 5,000,000.00

Total Resources
$ 1,800,892.56 48,350,149.94 6,529,494.48 5,989,937.18 5,831,061.71
1,602,070.38 131,544,885.46 11,207,255.88
2,440,183.40 2,434,716.88 27,895,673.97 2,544,886.76 313,862,150.00 1,406,223.22 7,610,550.52
44,332' 153.18 3,992,923.02 6,271,001.62 69,781,906.01 9,641,028.09 4,035,194.32
12 '483 '067 .42 95,750,696.47
3,200,902.17 32,802,902.04 70,817,621.30 10,203,442.34 9,403,423.54 10,904,232.32
9,052,913.58 10,661,992.16 25,433,738.15 33,914,266.32 23,593,796.10 7,327,514.94 30,461,481.20 46,254,476.44 94,394,595.11 42,539,251.77 72,477,023.90 262,732,906.69

Exhibit "0"

BANKS IN VOLUNTARY LIQUIDATION December 31, 1961
------------.----------,---------------- -

NAME OF BANK

LOCATION

DATE

Atlanta Trust Company .................... Atlanta............. December 11, 1929
The Farmers Bank. . . . . . . . . . . . . . . . . . . . . . . . . Blythe. . . . . . . . . . . . . . January 22, 1951 Bank of Ila................................ Ila.................. August 9, 1954

FORTY-SECOND ANNUAL REPORT

XV

Exhibit "P"
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-lndependence 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 fall on a Sunday, the Monday next following shall be observed as a Legal Holiday.

Exhibit "Q"

SUPERINTENDENTS OF BANKS, DEPARTMENT OF BANKING STATE OF GEORGIA

Name

Date of Appointment

Date Service Ended

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

T. R. Bennett ...................... November 17, 1919 A. B. Mobley ...................... _January 1, 1927 W. J. Davis ........................ September 24, 1931 R. E. Gormley . . . . . . . . . . . . . . . . . . . . . . January 1, 1932 R. R. Tippins ...................... October 6, 1936 John C. Beasley ......... _..... _.... January 11, 1937 R. E. Gormley ...................... January 25, 1937 C. B. Golsan, Acting Supt............ January 1, 1940 John C. Beasley ............. _...... January 14, 1941 0. G. Jackson .... _............... _. March 22, 1947 A. P. Persons ....................... November 18, 1948 W. D. Trippe .................... _.. July 1, 1960

January 1, 1927 September 24, 1931
January 1, 1932 October 6, 1936 January 11, 1937
January 25, 1937 January 1, 1940
January 14, 1941 March 21, 1947 November 18, 1948
June 6, 1960

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

Exhibit "R"

PRIVATE BANKS REGISTERED WITH SUPERINTENDENT OF BANKS AS OF JUNE 30, 1961

Name

Location

Dorsey Banking Company .................. _. _......... _...... Abbeville James Rivers Bank, North Slappy Drive ..... _............... _.. _Albany
Farmers Bank ........................................... _.... Alma Bank of Gibraltar, 101 Peachtree St., N. E.............. _... _.... Atlanta The Banking House, 344 Kendrick Ave., S. E ........ _._ .......... Atlanta Mercantile-City Bank, 710 Fulton Federal Bldg... __ .............. Atlanta Bank of Augusta, 1296 Broad St...................... _......... Augusta Citizens Banking Company ..................................... Barwick

XVI

DEPARTMENT OF BANKING

Name

PRIVATE BANKS-Cont'd

Exhibit "R"-Cont'd Location

The Peoples Bank ............................................. Baxley The Citizens Bank ............................................ Broxton Farmers Clearing Bank ........................................ Cadwell Citizens Bank ................................................ Cave Spring Bank of Chester .............................................. Chester The Brown Bank ............................................. Cobbtown First Trust Bank .............................................. Covington Knight-Hogan Banking Company............................... Dexter The Commercial Bank ......................................... Douglas The Exchange Bank ........................................... Douglas The Peoples Bank ............................................. Eastman Merchants Bank, 2120 Dodson Drive ............................ East Point The Hammack-Rish Bank...................................... Edison Peoples Banking Company ..................................... Folkston Bank of Hampton ............................................. Hampton The Citizens Bank ............................................ Haralson The Coastal Bank ............................................. Hinesville The Citizens Bank (State Chartered 11-30-61) . . . . . . . . . . . . . . . . . . . . Hogansville People's Cash Depository ...................................... Jeffersonville Citizens Bank ................................................ Kingsland Exchange Bank ............................................... Lake Park The Lowndes Bank ............................................ Lake Park Jordan Banking Company ...................................... Leary The Exchange Bank ........................................... Ludowici The Peoples Bank ............................................. Macon The Security Bank ............................................ McRae Pineland Bank ................................................ Metter H. G. & 0. 0. Banks Company ................................. Milledgeville Citizens Bank ................................................ Milledgeville Aycock Banking Company ..................................... Millen Morven Mutual Exchange ..................................... Morven Citizens Bank ................................................ Ocilla Citizens Service Bank ......................................... Omega Greene Banking Company ..................................... Pavo The Corbett Bank ............................................ Pearson Farmers & Merchants Bank .................................... Portal Bulloch Exchange Bank ........................................ Preston Bank of Ray City ............................................. Ray City Peoples Bank ................................................. St. Marys Banks-Kelly Bank ............................................ Shady Dale Farmers & Merchants Bank .................................... Smithville The Citizens Banking Company ................................ Sparks Stewart & Pound Bank ........................................ Sparta Citizens Bank ................................................ Stockbridge Spivey Banking Company ...................................... Swainsboro Commercial Bank ............................................. Tallapoosa Redwine Brothers, Bankers ..................................... Tyrone Brogdon Bros., Bankers ........................................ Uvalda The Park Avenue Bank ........................................ Valdosta Brice Banking Company ....................................... Vidalia Whigham Banking Company ................................... Whigham Thompson Banking Company .................................. Wrens
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .. - - -

FORTY-SECOND ANNUAL REPORT

XVII

Exhibit "8"
STATE CHARTERED CREDIT UNIONS
ALBANY Albany Federal Employees Credit Union, Broad at Jefferson St. Carlton Credit Union, c/o Carlton Co., P. 0. Box 173 Colonial Daries Employees Credit Union, 815 Oglethorpe Avenue Gay Employees Credit Union, P. 0. Box 1371 Georgia Electric Credit Union, 1500 Gillionville Road Karagheusian Empl~yee's Credit Union, Gulistan Drive Keenan Employees Credit Union, 112 Front Street, North
ATHENS Athens Division Credit Union, c/o Georgia Power Company C. C. E. A. Credit Union, 724 Cobb Street Dairy-Pak Athens Credit Union, P. 0. Box 726
ATLANTA A. D. Co. Employees Credit Union, 777 Memorial Drive, S. E. AMCO Credit Union, 29 Pryor Street AMILSCO Credit Union, 451 Stephens, S. W. Apaco Credit Union, 955 W. Marietta Street, N. W. Armour Fertilizer Works Credit Union, 350 Hurt Building Arrow Credit Union, 2202 Murphy Avenue, S. W. Associated Credit Union, 1119 Healey Building Atlanta City Employees Credit Union, 702 City Hall Atlanta Cooperative Association, 719 Fulton Federal Building Atlanta Greyhound Terminal E111_ployees Credit Union, 81 Cain Street, N. W. Atlanta Joint Terminals Credit Union, 3792 Glenwood Road (Decatur, Ga.) Atlanta Postal Credit Union, 102-M Federal Annex Atlanta Railway Postal Clerks Credit Union, 528 Federal Annex Atlanta Teachers Credit Union 498- 8th Street, N. E. Atlanta Terminal Employees Credit Union, Terminal Station Atlantic Steel Credit Union, P. 0. Box 1714 Ben Franklin Credit Union, 1400 West Peachtree Street Building Authority Employees Credit Union, 244 Washington Street, S. W. Central Parking, Inc., Credit Union, 100 Luckie Street Circle "W" Credit Union, 1299 Northside Drive Cullom & Ghertner Company Credit Union, 720 Forrest Road, N. E. Delta Employees Credit Union, Atlanta Airport Dixie 66 Credit Union, 1430 West Peachtree Street, N. W. DuPont Atlanta Employees Credit Union, 1737 Ellsworth Industrial Dr., N. W. Employees Credit Union Swift & Co., 760 Clifton Way, N. E. Employers Group Credit Union, 1001 Grant Building Employment Service Credit Union, 61 Trinity Avenue, S. W. Essell Credit Union, 1197 Peachtree Street Family Fund Employees Credit Union, 1515 Spring Street, N. W. F. D. & L. Employees Credit Union, 764 Miami Circle, N. E. Federal Employees Credit Union, 83 Walton Street Fulton Teachers Credit Union, 500 County Administration Building Gaylord Employees Credit Union, 1470 Blashfield Avenue, S. E. General Shoe Credit Association, 1251 Caroline Street Genuine Parts Credit Union, 299 Piedmont Avenue, N. E. Georgia E. S. A. Credit Union, 297 Labor Building Georgia Federation of the Blind Credit Union, 244 Washington Street Georgia Health Department Credit Union, 516-A State Office Building Georgia League Credit Union, P. 0. Box 2044 Georgia Standard Oil Employees Credit Union, Fulton National Bank Building The Georgia State Department of Education Credit Union, State Office Building Georgia State Highway Department Employees Credit Union, 2 Capitol Square Georgia Telco Credit Union, 440 Hurt Building Georgia-WP General Office Credit Union, 4 Hunter Street, S. E. Gesco Credit Union, 172 Haynes, S. W. Grinnell Corporation Employees Credit Union, 240 N. Highland Avenue, N. E.

XVIII

DEPARTMENT OF BANKING

Exhibit "8"-Cont'd
ATLANTA Hospital Authori!y Employees Credit Union, 80 Butler Street, S. E. Hotpoint Credit Union, 710 Murphy Avenue, S. W. John Rogers Employees Credit Union, 1060 Huff Road, N. W. Journal-Constitution Employees Credit Union, 10 Forsyth Street, N. W. Law Engineering Testing Co. Employees Credit Union, 136 Forrest Avenue, N. E. Marion Manufacturing Credit Union, 875 Kirkwood Avenue, S. E. MEMCO Credit Union, 1190 Astor Avenue, S. W. Merchants Mutual Credit Corporation, 1329 First National Bank Building Metro Credit Union, 198 Luckie Street MiBB Georgia Credit ABBOciation Credit Union, 645 Whitehall Street, S. W. Montag Employees Credit ABBOciation, 245 N. Highland Avenue, N. E. Mr. Friendly Credit Union, 1105 W. Peachtree, N. W. Mutual Savings Credit Union, 243 Peachtree Street Orange Disc Credit Union, 1375 Peachtree Street Presbyterian Center Credit Union, 341-A Ponce de Leon Avenue, N. E. R. E. A. Employees Credit Union, 325 Mitchell Street, S. W. Regenstein Employees Credit Union, 209 Peachtree Street Rich's Employees Credit Union, c/o Rich's, Inc. P. 0. Box 4539 Ruralist Credit Union, 713 Glenn Street, S. W. RUBBell Company Employees Credit Union, 117 Central Avenue, S. W. Sealtest Atlanta Credit Union, 593 Glen Iris Drive, N. E. SECO Credit Union, 441 Memorial Drive, S. E. Sexton Atlanta Employees Credit Union, 715 W. Whitehall Street, S. W. Sho Do Co Savings Plan Credit Union, 1301 Chattahoochee Avenue, N. W. Small Agencies Credit Union, 244 Washington Street, Room 572 S.M.C.R.C. Credit Union, 1307 Peachtree Street, N. E. S. 0. S. Credit Union, 214 State Capitol Southeastern Region, ILGWU Credit Union, 1065 Gordon Street, S. W. Southern Freight Bureau Employees Credit Union, 101 Marietta Building State Revenue Department Credit Union, State Office Building Stein Printing Company Employees Credit Union, 2161 Monroe Drive, N. E. Thompson Boland and Lee Employees Credit Union, 201 Peachtree Street, N. E. The Thrift Credit Union, 125 Spring Street, S. W. United American Credit Union, 494 Spring Street, N. W. Zac-Lac Employees Credit Union, 350 Simpson St.. N. W.
AUGUSTA Augusta Fire Department Credit Union, Central Avenue & Troupe Street Georgia Railroad Employees Credit Union, 615 -8th Street King Mill Savings & Credit ABBOciation, c/o King Mill R C E A Credit Union, 1399 Walton Way Richmond County Health Dept. Employees Credit Union, 501 Greene Street
BRUNSWICK Glynn County Federal Employees Credit Union, Federal Building
CEDARTOWN
Cedartown Textiles, Inc. Employees Credit Union, Cedartown
CHAMBLEE Lay Employees Savings & Loan Credit Union, 4950 Peachtree Industrial Blvd.
COLLEGE PARK
T. C. Employees Credit Union, 900 Roosevelt Highway
COLUMBUS Columbus Coca Cola Employees Credit Union, 305 -17th Street Columbus Health & Hospital Credit Union, P. 0. Box 229 Columbus Postal Employees Credit Union, P. 0. Baker Village Gas Light Employees Credit Union, 107 -13th Street Seaboard Columbus Employees Credit Union, Front Avenue & lOth Street WeeReBel Credit Union, 1350- llUh A"""""

FORTY-SECOND ANNUAL REPORT

XIX

Exhibit "S"-Cont'd

CORDELE Harris Foundry & Machine Employees Credit Union, c/o Harris Foundry & Machine Co.
DALTON Crown Tuft Employees S. and L. Credit Union, c/o Crown Tuft Company, N. G. E. M. C. Credit Union, 301 Selvidge Street W. E. Strain Employees Credit Union, P. 0. Box 185 Whitfield County Postal Employees Credit Union, Post Office
DECATUR Decatur Postal Employees Credit Union~!' 0. Box 903 Decatur Teachers Credit Union, 320 N. McDonough D. R. H. D. Credit Union, 126 Trinity Place W. Kraft Employees of Atlanta Credit Union, 1205 DeKalb Industrial Way The WoodCo Credit Union, 647 East College Avenue
DRY BRANCH Georgia Kaolin Employees Credit Union, c/o Georgia Kaolin Company
DUBLIN Dublin Federal Employees Credit Union, Federal Building
EASTMAN Stuckey's Employee's Association Credit Union, c/o Stuckey's
EAST POINT Associated Grocers Credit Union, 1286 Milledge Street Borden's Atlanta Credit Company, 1050 Oakleigh Drive Colonial Stores Employees Credit Union, 2251 N. Sylvan Road East Point Municipal Employees Credit Union, City Hall I. P. Co. Employees Credit Union, 2323 N. Sylvan Road Tri-City Postal Credit Union, Post Office
ELBERTON Stone Workers Credit Union, P. 0. Box 711
FORT McPHERSON Fort McPherson Credit Union, Fort McPherson
JACKSON CGEMC Employees Credit Union, c/o Central Ga. Elec. Members Corp.
JONESBORO C. C. B. E. Employees Credit Union, Clayton County Board of Education
MACON C G M T Employees Credit Union, 340 Hazel Street City Employees Credit Union, City Hall Davison's of Macon Credit Union, 433 Cherry Street D. D. D. Credit Union, 4570 Pio Nono Avenue Federal Employees Credit Union, Post Office Georgia Kraft Employees Credit Union, Mead Road Macon Firemen's Credit Union, Fire Department Headquarters Macon Police Credit Union, City Hall Macon Water Works Credit Union, City Hall The Procter & Gamble Macon Employees Credit Union, 1265 -6th Street
MARIETTA Home Employees Credit Union, 334 South Four Lane
MILLEDGEVILLE Baldwin County Hospital Employees Credit Union, Milledgeville Milledgeville State Hospital, c/o State Hospital

XX

DEPARTMENT OF BANKING

Exhibit "8"-Cont'd
MOULTRIE Employees Credit Union, Swift & Co., Moultrie, c/o Swift & Company
PLAINS Sumter County Teachers Credit Union
ROME Floyd County Postal Employees Credit Union, Post Office Rome Kraft Employees Credit Union, c/o Rome Kraft Company Wiseman Employees Credit Union, 523 Shorter Avenue
SAVANNAH Blue Flame Credit Union, 114 Barnard Street Central Employees Credit Union, Inc., 227 W. Broad Street 'the G. P. A. Credit Union, c/o Georgia Ports Authority Health Employees Chatham County Credit Union, Intermediate at Meridian Road Merchants Credit Union, P. 0. Box 1717 Savannah & Atlanta Railway Employees Credit Union, P. 0. Box 1491 Savannah Electric and Power Employees Credit Union, 27 W. Bay Street Savannah Federal Credit Union, 200 E. St. Julian Street Savannah Postal Credit Union, P. 0. Box 2002 Savannah Transit Credit Union, 900 E. Gwinnett Street Seaboard Employees Credit Union of Savannah, Inc., 104 Union Street Workmen's Circle Credit Union, 238 W. Broad Street
SAVANNAH BEACH Tybee Island Credit Union, 16th Street
TOCCOA TMPICO Employees Credit Union, East Currahee Street
VALDOSTA Valdosta Onized Credit Union, Valdosta

FORTY-SECOND ANNUAL REPORT

XXI

Exhibit "T"

ABSTRACT OF REPORTS OF CONDITION OF STATE CHARTERED CREDIT UNIONS AS OF DECMEBER 31, 1961
(With Comparative Statement as of December 31, 1960)
ASSETS

December 31, 1961

December 31, 1960

Increase+ Decrease-

Cash ......................................S 2,404,903 U.S. Government Bonds..................... 764,964 Other Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 694, 842 Stocks and Other Investments. . . . . . . . . . . . . . . . 3, 687, 352 Loans ..................................... 39,395,146 Furniture and Fixtures . . . . . . . . . . . . . . . . . . . . . . 82, 872 Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 521,832
$47,551,911

$ 1,864,621 830,776 727,651
2,442,790 35,606,102
63,960 995,494
$42,531,394

s 540,282+
65,81232,8091,244,562+ 3,789,044+ 18,912+ 473,662-
$5,020,517+

LIABILITIES
Deposits of members and non-members ........ $41,817,461 Bills Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 883, 686 Other Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 125, 960
$43,827,107 Reserves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,725, 302
$45,552,409

S37 ,401 '730 782,939
1,371,790
$39,556,459 1,468' 181
$41,024,640

$4,415,731+ 100,747+ 245,830-
$4,270,648+ 257 ,121+
$4,527' 769+

CAPITAL
Shares..................................... S 482,125 Surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 343,042 Undivided Profits. . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 174,335
$ 1,999,502
S47 ,551 '911

$ 454,228 260,893 791,633
$ I ,506, 754
$42,531,394

s 27,897+
82,149+ 382, 702+
$ 492,748+
$5,020,517+

Number of Shareholders .................... . Number of member deposits and non-members.. Number of loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . Active Credit Unions ....................... .
% to Total Assets Cash ................................. . U.S. Government bonds................ . Other bonds........................... . Stocks and other investments............ . Loans ................................ . Other................................. .
Loans to deposits ...................... .

95,049 87' 101 57,768
162
5.1% 1.7 1.5 7.8 82.8 1.1
100.0%
94.2%

89,009 80,144 52,972
161
4.4% 2.0 1.7 5.7 83.7 2.5
100.0%
95.2%

6,040+ 6,957+ 4,796+
1+

FORTY-SECOND ANNUAL REPORT

1

STATEMENT

Showing condition at the elose of business December 31, 1961, of

ABBEVILLE STATE BANK Abbeville, Ga.

As ealled for by the Superintendent of Banks

J. H. DORMINY, JR., President.
Date of Charter: 4-22-1952

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proce88 of collection. . . . . 1 United States Government obligations, direct and guaranteed ..... . Obliga~io~~ of States and political subdtvJstons ................ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and diacounta (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 A88ets..................... .
Total A88ets . . . . . . . . . . . . . . . . . I

73,561.09 396,844.63
47.725.75 74,600.00
None 327,934.93
216.61 None
None None None 920,883.01

LIABILITIES Demand deposits................. I Time depoa1ts.................... .
Deposita of U. S. Government ..... . DeP.o~i! of States and political aub-
diVJstons ...................... . Deposits of banks ................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding .......................... Other liabilities .................. .
~:~1:!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

253,179.23 466,309.26
4,559.30 86,547.47
None 16,608.19
None
None 9,732.94 25,000.00 50,000.00 8,946.62
None

Total Liabilities...............1 920,883.01

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF ACWORTH Acworth, Ga.

As called for by the Superintendent of Banks

F. J. KIENEL, President.
Date of Charter: 10-31-1905

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

ASSETS Cash, balances with other hanks, in-
cluding reserve balances, and cash items in proce88 of collection. . . . . 1 United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
8Ubd1Vl810D8 , , ..
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptanres outstanding......... . Other Assets ..................... .

359,910.21 618,257.80
1,000.00 150,000.00
None 873,686.56
22,966.08 7,525.11
NonP Nonr 1.433.66

Total Assets... . . . . . . . . . . . . . . I 2.034. 77!1.42

LIABILITIES Demand deposita................. I Time depos1ta.................... . Deposita of U.S. Government ..... .
D'Ji~T!l~n~f ~~~t~. ~~-~ -~l~t.i~~~ ~~~
Deposita of banks ................ . Other deposits (certified and officers'
~becks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................,.
~~~;l~!...:::::::: ::::::::': ::::: ::
Undivided profits................. . Reserves ........................ .

1.116,848.8S 648,261.10 2,750.00 55,319.25 None 2,395.81 None
Non" 6,000.00 50,000.00 70,000.00 83,204.41
None

Total Liabilities.............. I 2,034,779.42

2

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF ADAIRSVILLE Adairsville, Ga.

As called for by the Superintendent of Banks

C. W. SATTERFIELD, President.
Date of Charter: 3-21-1899

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

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... I United States Government obligations, direct and guaranteed ..... . ObJigat;io."!' of States and political
aubdtVIBlODB ..............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ....................... Bank premises owned, furniture and
fixtures....................... Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate ............. . Customen' liability to this bank on acceptances outstanding......... . Other Assets..................... .

329,950.29 437,000.00
88,645.70 60,027.81 3,000.00 565,648.28 7,525.87
None
None None None

Total Assets..................1 1,491,797.95

LIABILITIES Demand deposita..................1 Time depos1te.................... . Deposita of U. S. Government . . . . . .
D':ft~!1~.:~ ~~~~~s. ~~~ ~-l~t.i~~~ ~~~
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 ........................ .

615,579.76 610,581.46
1,510.00 63,384.75
None 3,232.60
None
None None 25,000.00 75,000.00 97,509.38 None

Total Liabilities. . . . . . . . . . . . . I 1 , 491 ,797.95

STATEMENT Showing condition at the close of business December 31, 1961, of

ADEL BANKING COMPANY Adel, Ga.

As called for by the Superintendent of Banks

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

A. L. PARRISH, JR., Cashier.
Began Business: 3-1-1929

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... I United States Government obligations, direct and guaranteed..... . Obliga~i~"!' of States and political subdiVISions .................. .. Other bonds, notes, and debentures.. Corporate stocks (includiq stock of Federal Reserve Bank).......... . Loans and discounts (iacludiq overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premises....................... . Investments and other aaaeta indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

902,558.59 886,717.49 140,877.52 125,685.49
None 932,140.68 59,000.00
None
None None 2,417.86

Total Aaaeta .................. 1 3,049,397.63

LIABILITIES Demand deposita..................1 Time deposita.................... . Deposita of U.S. Government ..... . DeJ!OI!i~s of States and political sub-
divistons ...................... .
8:c:nJ:~~'t!riiiied ;.;,d ~;fi;~~ checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities................... .
?u.!;!t:!.:::::::::::::::::::::::::
Undivided profite................. . Reserves........................ .

1, 710,654.05 776,210.31 59,591.74 170,962.61 34,259.64 10,143.35 None
None None 100,000.00 100,000.00 32.575.93 55,000.00

Total Liabilities .............. .$ 3,049,397.63

FORTY-SECOND ANNUAL REPORT

3

STATEMENT Showing condition at the close of business December 31, 1961, of

FARMERS & MERCHANTS BANK Adel, Ga.

As called for by the Superintendent of Banks

DR. J. B. OLIPHANT, President.
Date of Charter: 12-11-1947

HATTIE G. DARBY, Cashier.
Began Business: 1-15-1948

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

383,954.89 653.628.88
None None None 606,324.70 3,921.34 17,500.00
None None None

Total Assets................. .1 1,665,329.81

LIABILITIES Demand deposits..................$ Time depostts.................... . Deposits of U.S. Government..... .
D~~~!l~n~f- ~~~~~s. ~~~- ~-ol~t.i~~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers'
che~ks, etc.) ................... . Bills payable................ : . ... . Acceptances executed by or for ac-
count of this bank and outstanding ................ : .......... . Other liabilities................... .
~~;~~!.:::::::::::::::::::::::::
Undivided profits, ................ . Reserves ........................ .

828,119.46 517,919.40
None 84,056.14 29,885.711 28,121.84
None
None None 50,000.00 115,000.00 12,227.18 None

Total Liabilities.............. I I ,665,329.81

STATEMENT

Showing condition at tne close of busmess December 31, 1961, of

MONTGOMERY COUNTY BANK Ailey, Ga.

As called for by the Superintendent of Banks

JAMES 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 balances, and, cash items in process of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~io_n~ of States and political SubdtVISIOns ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of I Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . RefLI estate owned other than bank p~ises....................... . Investments and other assets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on ac.ceptances outstanding......... . Other Assets..................... .
Total Assets . . . . . . . . . . . . . . . . . S

198,787 .U4 284,000.00
None None None 11!4,548.14 1.00 None
None None None 667,336.18

LIABILITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U.S. Government..... .
D~~!!~n~f- ~~~~~s. ~~~- ~~~~~. ~~~
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........................ .

447,276.83 17,491.25 None 98,076.82 32,225.28 5,547.82 None
None 2,464.00 30,000.00 20,000.00 14,254.18
None

Total Liabilities...............$ 667,336.18

4

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

WHEELER COUNTY STATE BANK Alamo, Ga.

As called for by the Superintendent of Banks

JIMMY D. NeSMITH, President
Date of Charter: 1-15-1945

D. L. GRIFFIN,
Cashier. Began Business: 1-17-1945

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~io~ of States and political aubdtvtstons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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..................... .

366,441.64 310,645.14
3,011.56 None None
369,385.91 9,404. 93
Non~
None Nonr 1,021.58

Total Assets................. $ 1,059,910. 7b

LIABILITIES Demand deposits... . . . . . . . . . . . . . .$ Time deposits.................... . Deposits of U.S. Government ..... .
D'Ji~!1~n~~ ~~~~~s. ~~.~ ~o.l~t.i~~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ae-
count of this bank and outstanding ........................... . Other liabilities................... . Capital. ......................... . Surplus......................... . Undivided profits................. . Reserves........................ .

481,270.82 75,1174.34 7,236.95
269,617.34 98,496.00
1,593.54 None
None 3,625.00 25,000.00 75,000.00 5,599.65 16,497.12

Total Liabilities.. . . . . . . . . . . . $ 1,059, 910.76

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF ALAPAHA Alapaha, Ga.

As called for by the Superintendent of Banks

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

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

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

244,866.82 890,546.50 201;.247 .04 150,000.00
Nont' 849,261.82
24.413.30 Nonf'
7.014.3-S

Total Assets .................. S 2 ,37!.34!1 83

LIABILITIES Demand deposits.................. $ Time depos1ts.................... . Deposits of U.S. Government ..... .
D~!~n~f. ~~~t~. ~~~. ~~~t.i~~~ ~~~
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 ........................ .

1,010,302.31 647,467.89 8,754.61
2.';9 957 .66 50,000.00
10,128.75 95,000.00
NonP 2!1,341.23 100,000.00 100.000.00 20,3!17 .38 40,000.00

Total Liabilities .............. S 2,371,349 83

FORTY-SECOND ANNUAL REPORT

5

STATEMENT Showing condition at the close of business December 31, 1961, 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

OSCAR POWELL, Cashier.
Began Business: 10-2-1950

ASSETS Cash, balances with other banks, in-
cludinf reserve balances, and cash items m process of collection..... I United States Government obligations, direct and guaranteed..... . Obliga~O.Il\' of States and political
SUbdiVlSIOns .
Other honda, not<-a, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises ....................... Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on
oth:"K!:~.~~~~~::::::::::

191,760.00 175,085.93 420,864.91
None 2.00 2,137' 187.55 70,982.06 None
None None 526,96

Total Aaaeta ................I 2,996,409.41

LIABILITIES Demand deposita.................I Time depoe1ta.................... Deposita of U. S. Government . . . . . . DeJ!OI!i~a of States and political sub-
diviatona ...................... . Dej)OIIita of banks ................ Other ~ita (certified and officers'
checks, etc.) ................... Bills payable..................... Acceptances executed by or for ac-
count of this bank and outstanding. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other liabilities.................
~:r;f:!.:::::::::::::::::::::::::
Undivided profits................ Reserves .......................

None 2' 122 '785 .53
None 25,000.00 50,000.00
None None
None 367,631.11 150,000.00 50,000.00 160,992.77
70,000.00

Total Liabilities............. I 2,996,409.41

STATEMENT Showing condition at the close of business December 31, 1961, of

THE CITIZENS & SOUTHERN BANK OF ALBANY Albany, Ga.

As ealled for by the Superintendent of Banks

HOYT D. EDGE, President.
Date of Charter: 5-6-1943

ERNEST Z. CROWLEY, JR. Cashier
Began Business: 6-1-1943

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection ...... $ 4.207.672. 13

United States Government obliga-

tions, direct and guaranteed . . . . . 7, 353,002. 53

Obligations of States and political

aubdivisions . . . . .

2, 3.';6, 113. 77

Other bonds. notes, and debenturrs. .

30,000.00

Corporate stocks (including stock of

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

18,000.00

Loans and di~counts (including over-

drafts).. . . . . . . . . . . . .. . . 15,402.668.86

Bank premises owned, furniture and

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

270,1.50. I I

Real estate owned other than bank

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

188.817.05

Investments and othf'r assets indi-

rectly rcprf"srnting bank premises

or other TC"al f'~tat<'.. .

.'iOO,fXJO.OO

Custonurs' liahility to thi~ hank on

accrptan('f>S outstandin~.

~onf>

Other Assets

13!; .056. 7!;

Total Assets.

~ :!0.461 .481 20

LIABILITIES

Demand deposits ................. S 14 '161 ,934.83

Time depos1ts ................... . 7,403,218.98

Deposits of (;. S. Government . . . . . . 681,716.72

Deposits of States and political sub-

divisions ............. .

l ,619,327.60

Deposits of banks ................ . 2,268,532.82

Other deposits (certified and officers'

rhecks. etc.) ...

275.924.56

Bills pa~able. . . .............. .

None

Acct'ptanc-C's executed by or for ac-

rount of this bank and outstand-

ing ........ .

None

Other liabilities .. .

960. J20.ll

Capital. .. .

I ,000.000.00

}:.urplus .... .

1.000.000.00

Pndivided profits.

678,766.02

Resenes.

41 I .939.56

Total Liabiliti'~

$ 30,461.481 20

6

DEPARTMENT OF BANKING

STATEMENT Showing condition at the c:lose of business December 31, 1961, of

ftRST STATE BANK A: TRUST COMPANY Albany, Ga.

As called for by the Superintendent of Banks

J. R. PINKSTON, President.
Date of Charter: 3-31-1961

A. T. FLOWERS, Cashier.
Began Business: 3-31-1961

ASSETS

Caah, balances with other banks, in-

c!~ reserve balances, and cash

items tn proceas of collection...... S 4,963,278.19

United States Government obliga-

tions, direct and guaranteed..... . 5,720,626.67

O~'!f:lt:o:,t -~~~~. ~~- -~~i~~~ 1,074,380.29

Other bonds, notes, and debentures..

30,000.00

Corporate stocks {including stock of

Fed<>ral Reserve Bank) . . . . . . . . . . .

None

Loans and diacounta {including over-

drafts) ........................ . 11,087.771.02

Bank premises owned, furniture and

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

471,514.90

Real estate owned other than bank

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

212.05

Investments and other assets indi-

rectly representing bank premises

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

100,000.00

Customers' liability to this bank on

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

None

Other Assets..................... .

146,012.98

Total Assets .................. S 23,593,796.10

LIABILITIES Demand deposita..................S Time depoalta.................... . Deposita of U.S. Government..... .
De~!1~n~f. ~~~~~. ~~~- ~-l~t.i~~ ~~~
De_posita of banks . . . . . . . . . . . . . . . . . Other deposits {certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities................... .
~:r;f:!.::: :: :: :: ::::::: ::::: ::: :
Undivided profits................. . Reserves........................ .

9,700,446.00 6,770,519.64 1,066,250.86 1,893,797.01 1,085,874. 70
95,3.~7 .34 None
None 795,507.05 725,000.00 975,000.00 261,043.50 225,000.00

Total Liabilities.............. S 23,593,796.10

STATEMENT

Showing condition at the c:lose of business December 31, 1961, of

THE FOUR COUNTY BANK Allentown, Ga.

As c:alled for by the Superintendent of Banks

A. T. LAND, President.
Date of Charter: 8-18-1941

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

ASSETS Cash, balances with other banks, in-
cludi~ reserve balances, and cash itemstn process of collection...... S United States Government obligations, direct and guaranteed. . . . . .
O~!f!l;~~~on'::. -~~~~. ~~~- -~~i~~~-l
Other bonds, not<'s, and debentures.. Corporate stocks {including stock of
Federal Reserve Bank) .......... . Loans and discounts {including over-
drafts)......................... Bank premises owned, furniture and
fixtures......................... Ileal estate owned other than bank
premises..... . . . . . . . . . . . . . . . . . . . Investments and other assets indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other Assets... . . . . . . . . . . . . . . . . . . .

433,864.54 8.~4 ,515. 94
None 154,812.50
None
1,115,408.35 53,217.76 None
None None None

TotalAaaeta.................. S 2,611,819.09

LIABILITIES Demand deposita..................S Time depoatta.................... . Deposita of U.S. Government ..... .
D~!l~n~f. ~~~~~- ~~- ~~t.i~~ ~~~
De_poaita of banks . . . . . . . . . . . . . . . . . Other deposita {certified and officers'
checks, etc.) ................... . Billa payable. :.. ................ .. Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities................... .
~:r;f:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

876,205.61 967,441.38
12,879.11 435,499.72 42,249.68
2,421.70 None
None 22,349.61 50,000.00 125,000.00 57,968.98 19,803.30

Total Liabilities.............. s 2,611,819.09

FORTY-SECOND ANNUAL REPORT

7

STATEMENT Showing condition at the close of business December 31, 1961, of

ALMA EXCHANGE BANK Alma, Ga.

As called for by the Superintendent of Banks

VALENE BENNETT, President.
Date of Charter: 9-30-1939

E. P. LEE,
Cashier. Began Business: 10-14-1939

ASSETS Cash, balances with other banks, in-
cluclinjr reserve balanC4'8, and cash items 1n procese of collection. . . . . I United States Government obliga. tiona, direct and guaranteed......
0~~~':lo:1..~~~. ~~..~~i~~~
Other bonds, notes, and debentures. . Col]IOrate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts). . . . . . . . . . . . . . . . . . . . . . . . . Bank premises owned, furniture and
fixtures..... . . . . . . . . . . . . . . . . . . . . Real estate owned other than bank
premieea........................ Investments and other assets indi-
rectly representing bank premises or otber real estate. . . . . . . . . . . . . . Customers' liability to this bank on aeceptances outstanding. . . . . . . . . . Other Aaaete. . . . . . . . . . . . . . . . . . . . .

599,859.27 686,642.86 71,257.00 299,953. 13
None I ,355 ,999. 90
40,000.00 None
None None 2,625 .50

TotalAaaete ............... 1 3,056,337.66

LIABILITIES Demand depoaits................. I Time depoa1ts................... Deposits of U.S. Government..... .
D~!~~n~f. ~~~~. ~~~. ~!~t.i~~~ ~~~
Deposits of banks................ . Other deposits (certified and officers
checks, etc.) ................... . Bills payable..................... . Acceptances executt'd by or for ac-
count of this bank and outstanding........................... . Other liabilities................... Capital.......................... . Surplus ......................... . Undivided profits................. Reserves ......................

1,006,31:1.09 1,223,539. 98
44,672.44 310,205.71 201,002.18
30,312.50 None
None None 125.000.00 75,900.00 24,392.76 15,000.00

Total Liabilities.............. 1 3,056,337.66

STATEMENT Showing condition at the elose of business December 31, 1961, of

CITIZENS STATE BANK Alma, Ga.

As called for by the Superintendent of Banks

H. T. LEE,
President. Date of Charter: 4-2-1951

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

ASSETS Cub, balances with other banks, in-
cluding reserve balan..,., and cash items in procese of collection...... I United States Government obliga. tiona, direct and guaranteed ..... . Obliga~io.n~ of States and political aubcbvtalona . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ........ , .. Loane and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premieea....................... . Investments and other assets indirectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaets ..................... .

642,102.34
811,297 .so
319,554.55 None None
957,348.71 2.00 None
None None 107.75

Total Aaaete ................. I 2 ,730,412. 85

LIABILITIES Demand depoaits................. I Time deposits.................... Deposits of U. S. Government ..... DeJ!O!i\s of States and political sub-
divisous ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... A~ceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities................... .
~::;!f:!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

991,931.32 1,200,312.97
10,394.08 304,350.80
None 6,880.87
None
None 106.29 50,000.00 50,000.00 41,436.52 75,000.00

Total Liabilities........... I 2,730,412.85

~8_ _ _ _ _ _ _ _ _D_E_PARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

CITIZENS BANK OF ALPHARETTA Alpharetta, Ga.

As called for by the Superintendent of Banks

W. W. HARRISON, President.
Date of Charter: 2-6-1920

W. W. HARRISON, Cashier.
Began Business: 4-12-1920

ASSETS Cash, balances with other banks, in-
cludi~ reserve balances, and cash items 1n proceBB of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga\io."'! of States and political
8UbdiVJSIOR8 . ............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discount& (including over-
draft&) ........................ . Bank premises owned, furniture and
fixturee........................ . Real estate owned other than bank
premises....................... . Investment& and other &BBeto indi-
rectly representing bank premises or other real estate............. . Customers liability to this bank on acceptances outstanding......... . Other Asset&..................... .

281,759.24 391,914.13
1,335.95 None None
690,882.94 36,142.90 None
None None 4,188.06

Total ABBeta.................. S 1 , 406 ,223. 22

LIABILITIES Demand depooito................. S Time deposito.................... . Deposits of U.S. Government..... .
D':ll~!l~n~f. ~~~- ~~~- ~-l~t.i~~~ ~~~
Depooito of banks ................ . Other depooits (certified and officers'
checko, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outotanding........................... . Other liabilities................... .
~:~~f:!.::: ::::::: :: :: ::::: :::: ::
Undivided profit&................. . Reserves........................ .

592,986.39 209,191.42 26,470.17 223,016.43 181,379.58
23,110.52 None
None 20,170.01 100,100.00 20,000.00 9,798.70
None

Total Liabilities.............. S 1,406,223.22

STATEMENT Showing condition at the close of business December 31, 1961, 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, balancee with other banks, in-

cludillJ reaerve balances, and cash

itema 10 proceae of collection...... S 1 , 422,055 .44

United States Government oblica-

. tions. direct and guaranteed...... 2,153,595.84
Ob~=~:o:l. -~~~. ~~- ~~i~~~~ 1,862.744. 66

Other bonds, notes, and debentures. .

400,906.25

Corporate etocks (includina atock of

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

None

Loans and discount& (includina over-

draft&)......................... 2,493,287. 96

Bank premises owned, furniture and

fixturee.........................

127,528.16

Real estate owned other than bank

premiaea..... . . . . . . . . . . . . . . . . . . .

None

Investment& and other &BBeta indi-

rectly ~reeenting bank premises

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

None

Customers' liability to thia bank on

acceptances outotandina...... . . . .

None

Other Assets......................

None

TotaiABBeta.................. s 8,460,118.31

LIABILITIES Demand depoeita................ I Time depos1ta.................... Deposita of U.S. Government..... De~i! of States and political aub-
diviatona ...................... . Deposito of banks ................ . Other dePQBita (certified and officers'
checks, etc.) ................... . Bille payable..................... Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilitiea................... .
~:;!f:!.::: :::: ::: :: ::: :: :::: ::::
Undivided profits................. Reservea ........................ .

4,079,149.05 2,142,665.71
88,457.64 828,718.67 179,356.51
31,593.36 None
None None 200,000.00 300,000.00 231,177.37 379,000.00

Total Liabilities.............. $ 8,460,118.31

FORTY-SECOND ANNUAL REPORT

9

STATEMENT Showing condition at the dose of business December 31, 1961, of

CITIZENS BANK OF AMERICUS Americus, Ga.

As called for by the Superintendent of Banks

S. R. HUNTER, President.
Date of Charter: 2-20-1937

M. E. FERGUSON, Cashier.
Began Business: 3-25-1937

ASSETS Caah, balance.e with other ba"ka, in-
cludiDfi: reserve balance.e, and caah itemsm proceas of collection...... $ United States Government oblip. tiona, direct and guaranteed ..... . Obliaa~io_n~ of States and political
IUWiV1810D8 . ..... , ..........
Other bonds, notes, and debentures.. Corporate stocks (JBcluding stock of
Federal Reserve Bank) .......... . Loans and discount& (including over-
draft&) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptancea outstanding......... Other ABBete..................... .

941,329.69 1,768.096.08
978,480.70 100.000.00
None 3,992,544.24
20,936.82 NonP
Nont None 4,067.72

Total ABBete .................. $ 7,805,455.25

LIABILITIES Demand deP.'*ta............. $ Time depos1te.................. Deposita of U. 8. Government ...
nec;!I~n~f. ~~~- ~~- ~-~~~ ~~
Deposit.& of banks ................ Other deposita (certified and officers'
checks, etc.) .................. Billa payable..................... . Acceptances ezecuted by or for ac-
count of this bank and outstanding .......................... Other liabilities................ SCuarppiltuasl .............. . ... .. .... .. . Undivided profits................. Reserves ........................

4,228,450.8.~
1,795,353.51 165,117.15
894,787.90 None
23,264.43 None
None 59,263.84 200,000.00 200,000.00 55,869.83 183,347.74

Total Liabilities.. . . . . . . . . . . .. $ 7 ,805, 455 . 25

STATEMENT Showing condition at the c:lose of business December 31, 1961, of

BOSTWICK BANKING COMPANY Arlington, Ga.

As called for by the Superintendent of Banks

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

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

ASSETS Cash, balances with other banks, in-
cludiDfi: reservn balances, and cash items 1B process of collection. . . . . . $ United States Government obligations, direct and guaranteed ..... . Obliga~i~n~ of States and political
8UbdlVI810D8 . ...............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and diacounte (including over-
drafts) ........................ . Bank premises owned, furniture and
fiztures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectlY representing bank premises or other real I'State ............. . Customers' liability to this bank on acceptances outstanding......... Other ABBete ..................... .

158,778.71 235,095.00
Non<' 48.000.00
None 571,676.32
1.854.65 None
Nont' None None

Total ABBete.................. $ 1,015,404.68

LIABILITIES Demand deposita.................. $ Time deposits.................... . Deposits of U.S. Government ..... .
D';Wv"~l:n~f. ~~~~~. ~~~- ~..~~~~~. ~~~
Dej)Oitits of banks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
~becks, etc.) ................... . Bills payable.................... .. Acceptances executed by or for ac-
count of this bank and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . Other liabilities.................. .
~:~~!.:::: :::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

726,622.67 96,658.18 11,515.74 44,111.32
None None None
None 1,500.00 15,000.00 96,000.00 10,847.97 13,148.80

Total Liabilities.............. $ 1,015,404.68

10

DEPARTMENT OF BA_N_K_I_N-'G"----------

STATEMENT Showing condition at the close of business December 31, 1961, of

ASHBURN BANK Ashburn, Ga.

As called for by the Superintendent of Banks

H. C. BARBER, JR., President.
Date of Charter: 7-3-1900

VIRGIL JONES, Cashier. Began Business: 7-1900

ASSETS Cash, balancea with other banks. in-
eluding rl'llerve lmlanc.a, and caah items in proceea of collection......:$ United States Government obliptions, direct and guaranteed . . . . . .
0~~Y~ro:. -~~~. ~~-. ~~~~
Other bonda, notes, and debentures. . Corporate stocks (including stock of
Federal Reserve Buk)........... Loans and discounts (including over-
drafts)......................... Bank premises owned, furniture and
fixtures......................... Real estate owned other th&n bank
premieea..... . . . . . . . . . . . . . . . . . . . Investments and other uaets indi-
rectly reprl'lleDting bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this b&ok on """"'Ptancea outet&Ddiog.......... Other Aaaeta. . . . . . . . . . . . . . . . . .

717 , 926 .21 1 ,287 ,463 .50
185,131.95 200,000.00
None 1,831,363.03
61,427.22 991 ,09
None None 614. 84

Total Aaaete .............. I 4,284,917.84

s UABIUTIES
Dem&nd di!P."''ite................. . Time depoonta.................... Deposita of U.S. Government ..... .
D'rJ!t:..~~ ~~~~':". ~~- ~-~t~~~ ~~~
Th>J)Osita of b&oka ................ . Other deposita (certified &nd officers'
cheeks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this b&ok and outet&Ddin& ........................... . Other liabilities.................. .
?pif:!::::::::::::::::::::::::::
u':.tvided profits................. . Reserves .....

1,784,622.64 1,591,795.03
102,963.54 383,070.27
1,538.49 7,841.56
None
None 34,372.59 100,000.00 100,000.00 178,713.72
Non<'

Total Liabilities.............. $ 4,284,917.84

STATEMENT Showing condition at the close of business December 31, 1961, of

THE CITIZENS BANK OF ASHBURN Ashburn, Ga.

As called for by the Superintendent of Banks

JAMES H. PATE, President.
Date of Charter: 7-27-1905

GREER MONROE, Cashier.
Began Business: 10-25-1905

ASSETS Cash, balances with other b&oka, in-
cludiDJ reserve balances, and cash items 1n proceaa of collection...... I United States Government obligatiooa, direct &nd gu&r&oteed . . . . . . Oblip~i~Jl!l of States and political
BUbd.iVl8tOD8 .....
Other bonds, notes, and debentures.. Corporate stocks (includin& stock of
Federal Reserve B&ok) . . . . . . . . . . . Loaoa and discounts (includiog over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ Renl estate owned other than bank
premieea....................... . Investments and other uaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on accept&Dcea outet&Ddiog......... . Other Aaaete.....................
Total Aaaete. . . . . . . . . I

624,268.39 1,347,525.00
50,000.00 10,000.<10
None 1,240,340.80
74,489.97 3,100.00
None None None 3 ,349, 724 . 16

UABIUTIES I Demand deJlOBite............ Time depoa1te.................... . Deposita of U.S. Government ..... . De~i! of States and political aub-
divietona ...................... . Deposita of banks ................ . Otlier deposita (certified and officers'
cheeks, etc.) ................... . Billa payable.................. Acceptancea executed by or for ao-
count of this bank and outat&Dding........................... . Other liabilities .................
~~~:!::::::::::::::::::::::::: :.
Undivided profits................. Reserves ...................

1.328,929.71 1,528,067.13
9,777.15 198,579.09 14,733.15 17,451.61
None
None None 75,000.00 100,000.00 82,186.22 None

Total Liabilities.......... $ 3, 349, 724. 16

FORTY-SECOND ANNUAL REP-O-RT- - - - -

11

STATEMENT

Showing condition at the close of busineu Decemht!r 31, 1961, of

HUBERT STATE BANK Athens, Ga.

As called for by the Superintendent of Banks

CLARENCE R. McLANAHAN, President.
Date of Charter: 9-24-1949

SHELBY M. CALLAWAY, Cashier.
Began Business: 11-1-1949

ASSETS

Caeh, balances with other banks, in-

clu~ reseJ"Ve balances, and cash

itema m proceas of collection ...... S 584,999.50

UDited States Government obliga..

tiona, direct and guaranteed ..... . 1.212,556.51

Ob~=o::..~~~. ~~..~~~i-~ 448,337.65

Other bonda, notes, and debentures..

None

Co!Porate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . 1,811,645.01

Bank premiaea owned, furDiture and

fillturea........................ .

21,661.29

Real estate owned other than bank prem~....................... .

None

Investments and other aaaeta indi-

rectly repreaenting bank premises

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

None

Customers' liability to thia bank on aceept.ancea outatandinc......... .

None

- - - - - - Other Aaeta.....................

2,091. 95

TotsiAeaeta............. s 4,081,291.91

Demand

deposita

..

LIABILITIES ..............

.

s

Time depoa1ta................. Deposita of U. 8. Government . . . . . .

DeP.CJ!i! of States and political aub-

divialons ...................... .

Deposita of banka................ .

Otlier deposita (certified and oflicera'

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

Billa payable..................

Acceptances eJ:ecuted by or for ..,_

count of thia bank and outstand-

ing ...........................

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

~:;~. :::::::::::::::::::::::::

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

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

1,978,569.79 1,120,410.24
43,799.51
600,582.48 None
11,905.44 None
None 92,986.09 100,000.00 100,000.00 33,038.36
None

Total Liabilities.......... :s 4,081,291.91

STATEMENT Showing condition at the close of busineu December 31, 1961, 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

R. WINSTON CAGLE, Cashier.
Began BusineBS: 12-5-1933

ASSETS

Caeh, balanoea with other banks, in-

cludin,: reserve balanoea, and caab

itema 1n proceas of collection. . . . . S 8 ,452 , 804 . 15

UDited States Government obliga-

tions, direct and guaranteed...... 8,188, 791.29

.. <:,~~'!To:: ~~~. ~~.~~~~ 1,382, 942. 96

Other bonda, notes, and debentures..

None

Co!Porate stocks (including stock of

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

107,500.00

Loans and diaoounta (including over-

drafts) . . . . . . . . . . . . . . . . . . . . . . . . . 26 433 836 .30

Bank premlaes owned, furniture and
fillturea......................... 1,065,374.87

Real estate owned other than bank

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

None

Investments and other aaaeta indi-

rectly representing bank premises

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

None

Customers' liability to thia bank on

acceptanoea outstanding. . . . . . . . . .

None

Other .Aaaeta. . . . . . . . . . . . . . . . . . . . . . 623,226.87

Total Aeaeta. . . . . . . . . . . . . . . . S 46, 254,476. 44

LIABILITIES

Demand deposita................ S 18,987,514.35

Time deposita.................... 14,022,563.54

Deposita of U. S. Government. . . . 1,024, 635. 35

DeJ!O'!'i~a of States and political aub-

divialona. . . . . . . . . . . . . . . . . . . . . . . 5,589,391.36

DeJ)OIIita of banks. . . . . . . . . . . . . . . . . 146, 364 .41

Other deposita (certified and officers'

checks, etc.) ................... . 342,450.89

Billa payable..................... .

None

Acceptances executed by or for so-

count of thia bank and outstand-

ing........................... .

Non<'

Other liabilities................... . 2,377,468.88

~::!.::: ::: ::: :: ::::::::::::::

1,300,000.00 2,000.000.00

Undivided profits................. . 364,087.66

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

Total Liabilities............ S 46,254,476.44

12

DEPARTMENT OF BANKING=-----------

STATEMENT Showing condition at the close of business Uecember 31, 1961, of

THE CITIZENS & SOUTHERN BANK OF ATLANTA Atlanta, Ga.

As called for by the Superintendent of Banks

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

JAS. T. VANN, Cashier.
Began Business: 12-1-1941

ASSETS

Cub, balancee with other banke, in-

cludinf! reeerve balancee, and cub

itema1n pr00e11 of collection...... $ 7 ,516,165.92

United Statea Government obliga-

tiona, direct and guaranteed ..... . 7,348,437.91

Obli&a~io_~ of Statea and political

au"bdinaJons . .................. . 2,878,138.10

Other honda, notea, and debenturee ..

80,136.19

Corporate atocks (including etock of

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

None

Loana and diacounta (includin& over-

drafts) ........................ . 23,577,596.08

Bank premises owned, furniture and

fixturee........................ .

838,192.39

Real eetate owned other than bank

premieee....................... .

None

Investments and other aueta indi-

:0!~\e~::fe:~~. ~. ~.~~~ 200,000.00

Cuetomera' liability to this bank on

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

12,542.06

Other Aaaeta..................... .

88,043.12

Total Assets. . . . . . . . . . . . . . . . . $ 42 ,539 ,251. 77

LIABILITIES

Demand deJ>OBitB................. $ 22,965,113.45

Timedepoa1ts..................... 12,850,419.88

Depceitaof U.S. Government...... 453,071.35

Drv~~n~f. ~~~- ~~~ ~~~~i~~ ~~~ 314,868.04

Deposita of banke................. 447,669.81

Other depceita (certified and officers'

checks, etc.) ................... . 204,299.19

Billa payable..................... .

None

Acceptances el<ecuted by or for ac-

count of this bank and outstand-

O tihne rgli.abilitie s . . . . . ...............

12,542.06 2,143,274.70

~apif!!.:::::::::::::::::::::::::

I ,650,000.00 850,000.00

u':.'.livided profits................. . 222,993.29

Reaervee ........................ . 425,000.00

Total Liabilities.............. $ 42,539,251.77

STATEMENT Showing condition at the close of business December 31, 1961, of

CITIZENS TRUST COMPANY Atlanta, Ga.

Aa called for by the Superintendent of Banka

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

M. W. HOUSTON, JR., Cashier.
Began Business: 8-17-1921

ASSETS
Cuclbu,clbinaJlarnecseesrvweitbhaloatnhceers,baanndksC, iullb-
items m pr00e11 of eolleetion..... $ United States Government obljp.
tiona~ direct and guaranteed ..... Obliaa~~ of States and political
aulldiVlllODa ........... Other honda, notes, and debentures..
eor.:=r:=:e<c~ -~~- ~~
Loane and diaeounta (illcludin& ovel'drafta) .... 0 ................... .
Bank premieee owned, furniture and fixtures..... o.................. .
Real estate owned other than bank premieea....................... .
Inveatmenta and other -ta indirectly 1'0JIN!I8Dtin8 bank premieee or other real estate ... 0 0
Cuatomera' liability to thie bank on acceptances outatandin&........
Other Aaeeta..................... .

1,636,078.12 2,117,855.37 1. 929.526.33
764,256.59 18,750.00
4,053,085.87 94,017.33 1.00
None None 48,421.55

TotalA.eta.................. $ 10,661,992.16

LIABILITIES

Demand depoeita................. $

Time~1ta.................... .

DDeepilcoelii!taa

of of

U.S. Government. States and political

.. IIUb-

divialona..................... ..

~J:::.~c8riitied U:ci 'o'mcm

cbecka, ete.) ................... .

Billa payable..................... .
AocePtaDcee uecuted by or for &e-
eount of thie bank aDd outatand-

O tihqe r.l.i aoboi loi t iou. .... . . ........".". .' '.".

~~.:::::::::::::::::::::::::

Undivided profita.............

Re.rvea....................... ..

4,331,134.90 4,977,389.51
130,049.37 87,904.92
None 83,43!1.63
None
Nonr 248,053.89 375,000.00 250,000.00 147,019.94 32,000.00

TotalLiabiUties.............. $ 10,661,992.16

FORTY-SECOND ANNUAL REPORT

13

STATEMENT Showing condition at the close of business December 31, 1961, 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

R. E. GORMLEY, Vice President.
Began Business: 9-1-1899

A8SET8
Cuclhu,dbinaJlarnaeeearvweitbhaloantheeera,baanDdkac, uinb-
itema m proceee of coUectioD. . . . S Ullited States Govermnent oblipo
tiona, direct and guaranteed ..... . Obliaa~ of States and political
IIUbdiVI8lODa
OUaer bonde, notes, end debentures.. Comorate stocks (including stock of
l'"ederal Reeerve Bank) .......... . Loeoa and discounts (includina over-
drafts) ........................ . Bank premiaee owned, furniture and
fixtures ........................ . Real estate owned other than bank
premlaea..................... &veatmenta and other aaeeta indi-
rectly representing bank premiaee or other real estate............. . Customers' liebility to thia bank on acceptaneea outstanding......... . Other .Aaaeta....................

762,884.39 5,668,908.02
824,839.36 128,211.38 640,877.97 9,220,399.94 100,001.00
None
None None None

TotalA.eta.................s 17,346,122.06

LIABILITIES

~mand depoaita........... ... S

84,649.66

Time~epos1ta..................... 13,292,188.28

~~~ one~.~.~..~.~...~..d..~...~..~...8.U.i,.:.

12,425.11 79,895.71

ud 8:!1:~\:t!rtiii~ ~mcm 65,ooo .oo

checks, etc.) ............... ... Billa payable... . . . . . . . .. . . . . . . . . . Acceptance ezecuted by or for ao-
count of thia bank end outstanding.......................... .. Other liabilities............... Capital.......................... . Surplus ......................... . Undivided profits................. . Reaervea ........................ .

2,565.00 None
None 8.506.31 500.000.00 1.000.000.00 272,217.28 2,028,674.51

Total Liabilities...... ....... $ 17,346,122.06

STATEMENT Showing condition at the close of business December 31, 1961, 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 banb, in-
cludinJ reserve balances, and cub itema m proceaa of collection...... $ Ullited States Government oblip-
o:~;ec!,as1.~~~pOiiiic'ai aul>divtaaona . .................. . Other bonde, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loeoa and discounts (including over-
drafts) ........................ . Bank premiaea owned, furniture and
&zturea....................... .. Real estate owned other than bank
premiaea....................... . &vestments and other aueta indi-
rectly representing bank premiaea or other real estate ............ .. Customers' liability to tbia bank on acceptances outstanding......... . Other..Aaaeta..................... .

766,563.89 2,260,066. 90
392,648.93 799,858.55
None 4,291,759.22
49,768.31 None
None None 43,677.33

Total Aaaeta .................. $ 8,604,343.13

LIABILITIES Demand depoaita................. S Time deposita.................... . Deposita of U.S. Government ..... . DeJ!O'!i!-B of States and political au~
diviaona ...................... . Deposita of banks ............... .. Otlier deposita (certified and officers'
checks, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ao-
count of thia bank and outstanding ........................... . Other liabilities................... . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reaervea ........................ .

2,762,412.37 4. 740,881.94
26,434.20
39,500.00 None
23,005.99 None
None 100,710.97 200,000.00 200,000.00 52,473.17 458,924.49

Total Liabilities.............. S 8,604,343.13

14

DEPARTMENT OF BANKING---------

STATEMENT Showing condition at the close of business December 31, 1961, 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 V. FULLINGTON, Cashier.
Began Business: 1-1-1935

ASSETS Cub, balances with other banks, in-
cludinll reserve balances, and caab itema 1n process of collection...... $ UDited States Government obliga tiona, direct and guaranteed ..... .
0~~0:.:. -~t_a~. ~~-~. ~~i~~o:-:'
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ..................... Bank premises owned, furaiture and
fixtures........................ . Real estate owned other than bank
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 .................. $

38,909.60 None None None None
826,535.32 314.31 None
None None 394.25 866,153.48

LIABILITIES Demand deposita................. $ Time depoelta.................... . Deposita of U.S. Government ..... .
DeJl~t!n~f- ~~~~a- ~~- ~-l~t!~~~ ~~~
Deposita of banks................ . Other deposita (certified and officers'
checks, et.c.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... .
.:: ::::::::::::: :: ::: :: :: Other liabilities................... .
~:r~r:!.
Undivided profits................. . Reserves.......................

399,000.00 None None None None None None
None 10,013.48 100,000.00 20,000.00 271,695.18 65,444.82

Total Liabilities.............. $ 866,153.48

STATEMENT Showing condition at the close of businesa December 31, 1961, of

SOUTH SIDE ATLANTA BANK Atlanta, Ga.

As called for by the Superintendent of Bank11

B. B. THOMPSON, President.
Date of Charter: 1-31-1912

R. RUSSELL HIGHTOWER,

Cashier.

'

Began Business: 7-1-1929

ASSETS Cash, balances with other hanks, in-
cluding reserve balan~es, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed ..... . ObliRSt_io_n~ of States and political subdtvtstons .................... . Other bonds, notes, and debentures.. Corporate stocks (including stork of Federal Reserve Bank) .......... . Loans and discounts (inc!uding overdrafts) ........................ . Bank premises owned, furniture and fixtures ........... - .... --.--- - Real estate owned other than bank premia~s....................... . Investments and otber assets indirectly representing bank premiers or other real estate ............. . Customers' liability to this bank on aeeeptan~es outstanding ......... . Other Assets..................... .

1,198,751.39 3.468,201. 70
330,737.16 25,000.00 None
3,913,930.62 70,625.82 None
75,000.00 None
4,513.76

Total Assets.................. $ 9,086,760.45

LIABILITli'S Dcmnncl deposits. . . . . . . . . . . . . . . . . $ Time deposits.............. . Deposits of l'. S. Government ..... .
Ddi~i!t~n~f. ~~~~~s. ~~~. ~.o.l~t.i~~~. ~~~~
Deposits of l'anks. . . . . . . . . . . . . ... Other deposits (certif.cd and officers'
rherks, Ptr.) ................... . Bills payable.................... . Acr.eptancrs e'te<>uted by or for ac-
count of this bank and outstanding ..................... .
O~:trh~e:r:!liab.i.l:it:ie:s:.:.:.:.:.:.:........:.:.::. ::::::
Undivided profits............ . Reserves ........................ .

3,6ll,570.17 3.539,322.55
82,029.89 618,674.51 321,566.21
33,420.92 None
None 142,604.80 300,000.00 200,000.00 237,571.40
None

Total Liabilities.............. $ 9,086,760.45

-------------------F-O-R-T-Y---S-ECOND

ANNUAL

REPORT

15

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

STATEMENT

Showing condition at the elose of business December 31, 1961, of

TRUST COMPANY OF GEORGIA Atlanta, Ga.

As called for by the Superintendent of Banks

GEO. S. CRAFT,

STEVE H. BOMAR,

President.

Senior V. Pres. & Treas.

Date of Charter: 9-21-1891

Began Business: 11-8-1891

========-=-=-----~--==-=-=-=----

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection .... .". $ 68,317,000.28

United States Government obliga-

tions, direct and guaranteed...... 43,615,605.92

Obligat.io.n~ of States and political

subdiVISIOns .. , , , . . . . . . . . . . . . . . . 14,427,198.36

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

640,000.00

Loans and discounta (including over-

drafta) . . . . . . . . . . . . . . . . . . . . . . . . . 128,417,325.79

Bank premises owned, furniture and

fixtures......................... 5,084,589.86

Real estate owned other than bank

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

None

Investments and other assets indi-

~~c!~~e~e:':..i'::~~!. ~~~~- -~~~is~~

None

Customera' liability to this bank on

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

221,696.76

- - - - - - - Other Asaets..................... . 2,009,399.72

Total Assets . . . . . . . . . . . . . . . . . $262, 732, 906 .69

LIABILITIES

Demand deposits................. .$l28,695,Ua2.56

Time deposits..................... 36,560,266.77

Deposits of U. 8. Government...... 10,154,615.22

Deposita of States and political sub-

divisions ....................... 22,042,895.08

DPposits of banks................. 34,465,746.46

Other deposita (rertified and officers'

checks, ~tc.).................... 3,526,399.87

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

None

Acceptances executffi by or for ac-

count of this bank and outstand-

ing ........................... . 221,696. 76"

Other liabilities................... . 3,079 '754 .25

~:r~:~!. :::

::

:::

:::

:::::

::

::::

:: :

5,000,000.00 15,000,000.00

Undivided profits ................. . 1,639,319.37

Reserves ........................ . 2,347' 180.35

Total Liabilities.............. $262,732,906.69

STATEMENT Showing condition at the elose of business December 31, 1961, of

GEORGIA RAILROAD BANK & TRUST COl\fPANY Augusta, Ga.

As called for by the Superintendent of Banks

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

W. A. ROSSIGNOL, Cashier.
Began Business: 12-31-1892

ASSETS

Caab, balances with other banks, in-

cludinjr reserve balances, and cash

itemun process of oollection...... $ 15,409,366.49

United States Government obli&a-

tiona, direct and guaranteed...... 14,046,273.72

0~~~.;1. -~~~-~~--~~~~~ 6,685,265.15

Other bonds, notes, and debentures. .

None

Corporate stocka (mcluding stock of

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

135,000.00

Loans and diacounts (including over-

drafts) ........................ . 34,599,112.46

Bank premiaeo owned, furniture and

fiztures........................ . 1,169,821.46

Beai estate owned other than bank

premiaeo.......................

27,965.44

Investments and other assets indi-

rectly repreaentinc bank premiaes

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

None

Customera' liability to thill bank on

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

78,948.72

Other Assets......................

325,270.46

TotaiAsaets.................. $ 72.477,023.90

LIABILITIES

Demand deposits................. $ 23,741,100.61

Time depoa1ts.. :.................. 21,039,175.22

Deposits of U.S. Government...... 2,123,616.19

De.ll:!~f. ~~~ ~~ ~~~~ ~~ 8,469,822.02

Dej)08its of banks. . . . . . . . . . . . . . . . 9 , 130, 653. 89

Other deposits (certified and oflicen'

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

238,369.06

Billa payable..................... .

None

Acceptances executed by or for ac-

count of this bank and outstand-

ing........................... .

78,948.72

Other liabilities................... . 2,322,939.44

~:pif:!....::::::::::::::::::::::::

2,250,000.00 2' 250' 000.00

un'divided profits................. . 832,398.75

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

None

Total Liabilities.............. I 72,477,023.90

16

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

REALTY SAVINGS BANK Augusta, Ga.

As c:alled for by the Superintendent of Banks

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

ED SHEPPARD,
Cashier. Began Business: 12-23-1933

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cash items in process of colleetion...... $ United States Government obligations, direet and guaranteed ..... . Obliga~io~ of States and political
8UbdiVl810n& ......
Other bonds, notes, and debentures.. Corporate stocks (including stork of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . 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..................... .

279,862.49 679,656.27 1,176,542.60
None None 4. 766,428.38 24,228.24 24,233.75
3,562.64 None
11,917.80

Total Aasets . . . . . . . . . . . . . . . . . $ 6 , 966. 4:12 . 17

LIABILITIES Demand deposita.................. $ Time depos1ts.................... . Deposits of U.S. Government..... . DeJ!"!i~s of States and political sub-
divJsaona ...................... . 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................... .
~:r~t:!.
Undivided profits................. . Reserves ........................ .

19,048.32 5,439,350.18
4,684.23 258,272.76
None None None
None 467.22 200,000.00 300,000.00 744,609.46
None

Total Liabilities............... $ 6,966,432.17

STATEMENT Showing condition at the c:lose of business December 31, 1961, of

RICHMOND COUNTY BANK Augusta, Ga.

As called for by the Superintendent of Banks

BARNEY L. JORDAN, President.
Date of Charter: 5-25-1955

HENRY B. McNORRILL, Cashier.
Began Business: 11-18-1955

ASSETS Cub, balances with other banks, in-
cludinjl reserve balances, and caab items 1n proceaa of collection. . . . . $ United States Government obligations, direet and guaranteed ..... . Obliga_~i~n~ of States and political
8UbdiVJ810D8. , , , , .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
reetly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aasets.....................

567,954.56 847,723.61 232,597.43
None None 1,289,751.45 63,443.84 None
None None 21,148.66

Total Aasets............. . $ 3,022,619.75

LIABILITIES Demand deposits................. $ Time depos1ts.................... . Deposita of U.S. Government..... . De~i~a of States and political sub-
divisions ...................... Deposits of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances exeeuted by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. .
~:~t:!....::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

951,785.22 615,474.59
9,576.68 234,960.90 812,410.69 29,157.52
None
None 114,808.55 100,000.00 60,000.00 44,445.60 50,000.00

Total Liabilities........... $ 3,022,619.75

FORTY-SECOND ANNUAL REPORT

17

STATEMENT

Showing condition at the close of business December 31, 1961, of

AUSTELL BANK Austell, Ga.

As called for by the Superintendent of Banks

MRS. FLORENCE M. CHILDS, President.
Date of Charter: 1-3-1910

WALTER M. MILLS~ Cashier.
Began Business: 1-10-1910

ASSETS _
Caah, balances with other banks, including reserve balances, and cash items in proceso of collection. . . . . . S
United States Government obligations, direct and guaranteed ..... .
0~~\~i:.fon".:..~t~~~~. ~~~.. ~li~i".".l
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . lnveatmento and other asoeta indi-
rectly representing hank premises or other real estate............. . Cuatomers' liability to this bank on acceptances outstanding......... . Other Aaaets..................... .

1,114,568.46 1,874,316.07
756,990.70 269,825.00
None 1,882,142.01
73,314.39 None
None None 386.45

Total Aaaeta .................. S 5,973, 543.08

LIABILITIES Demand deposita................. S Time depostta.................... . Deposits of U.S. Government ..... .
D'Jfv'l!\~n~f. ~~~te.. ~~~. ~l~t.i~~~ ~~~
Deposito of banks ................ . Other deposita (certified and officers'
checko, etc.) ................... . Billa payable..................... . Acreptanceo executed by or for ac-
count of thia bank and outstanding........................... . Other liabilities .................. .
~.~r;t~!::::::::::::::::::::::::::
Undivided profits................. . Reserveo ........................ .

3,051,192.26 2,316,248.84
48,364.90 145,937.25
None 20,261.99
None
None 10,500.00 150,000.00 125,000.00 106,037.84
None

Total Liabilities............. S 5,973,543.08

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CITIZENS AND SOUTHERN DEKALB BANK Avondale Estates, Ga.

As called for by the Superintendent of Banks

EUGENE T. JOHNSON, President.
Date of Charter: 11-16-1948

WILLIAM D. SKINNER, Cashier.
Began Business: 8-18-1949

ASSETS Cash, balances with other banks, in-
cludinj( reserve balances, and cash itemstn proceaa of collection...... $ United States Government obligationo, direct and guaranteed ..... . Obli3a~i~n~ of States and political eubdiVIBtona . .................. . Other bonds, notes, and debentures.. Corporate otocko (including stock of Federal Reserve Bank) ........ .. . Loans and diacounta (including overdraft) ........................ . Bank premiaeo owned, furniture and fixtures ........................ . Real estate owned other than bank premiaeo....................... . Inveatmento and other aaaeto indi-
~':'!ll.e~e::-:l':~:!~:. ~~~k- .~~IDi.~
Cuatomero' liability to this bank on acceptances outstanding......... .
Other Aaaeto..................... .

697,406.05 1,344,855.52
203,894.15 50,000.00 3,000.00
2,249,906.58 36,236.52 None
50,000.00 None
10,307.85

Total Asseto................. I 4,645,606.67

LIABILITIES Demand deposita.................. S Time depostto.................... . Deposita of U. S. Government ..... .
Del~!~~.:~ ~~~~ ~~. ~.l~t.i~~ ~~~
Deposita of hanks................ . Other deposita (certified and officers
cbecke, etc.) ................... . Bills payable.......... .'.......... . Acceptance executed by or for ac>
count of thia bank and outatand ing ........................... . Other liabilitieo .................. .
~:r~l:!.:.: :: :: ::::: :::::: ::::: ::
Undivided profits................. . Reaerveo ........................ .

2,553,226.22 1,202,062.40
68,852.83 56,10!;.87
None 23,322.85
None
None 274,672.79 200,000.00 100,000.00 98,273.79 69,089.92

Total Liabilities............. S 4,645,606.67

18

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE CITIZENS BANK AND TRUST COMPANY Bainbridge, Ga.

As ealled for by the Superintendent of Banks

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

W. W. EMANUEL, Cashier.
Began Business: 12-19-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proceaa of collection ...... S United States Government obligations, direct and guaranteed. . . . . Obligat.io.n~ of States and political
BUbdlV1810DS ...............
Other bonds, notes, and debentures.. Corporate stocks {including stock of
Federal Reserve llank) .......... . Loans and discounts {including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding .. Other Aaaets.................. .

1,324,593. 83 3,264,469.05
162,911.62 10,000.00 9,750.00
1,870,624.10 83,415.89 None
None None 20,516.31

Total Assets ................. S 6,746,280.80

LIABILITIES Demand deposits................. S Time deposits.................... . Deposits of U. S. Government . . . . . .
D':fi~!l~n~f. ~~~es an~. ~-1~t.i~l. ~~~
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 ........................ .

2,889,867.01 2,086,834.31
81,813.11 1,077,222.99
182,831.77 30,469.53
None
None 24,923.07 100,000.00 225,000.00 47,319.01
None

Total Liabilities............. S 6,746,280.80

STATEMENT Showing condition at the elose of business December 31, 1961, of

CITIZENS BANK Ball Ground, Ga.

As ealled for by the Superintendent of Banks

B. R. JONES, President.
Date of Charter: 9-28-192.6

EVERETTE CARTER, Cashier.
Began Business: 10-1-1926

ASSETS Cash, balances with other banke, in-
cludintr reserve balances, and cash items 1n process of collection. . . . . . S United States Government obligations, direct and guaranteed ..... . Oblip_~i~n~ of States and political
BUbdlVI.BlODB ..
Other bonds, notes, and debentures.. Corporate stocks (including etock of
Federal Reserve Bank) .......... . Loans and discounts {including over-
drafts) ...................... Bank premises owned, furniture and
fixtures..................... . Real estate owned other than bank
premises............... .. Investments and other aaaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... .
Other Assets............... .

136,809.15 833,868.27
57,180.49 88,000.00
None 483,599.03
2,613.44 None
None None None

Total Assets .............. S 1,602 ,070 .38

LIABILITIES Demand deposits. . . . . .. . . . . . . . . . . S Time depos1t1.................... . Deposita of U. S. Government ..... .
D~!l~n~f. ~~~- ~~~- ~-l~t.i~~~ ~~~
Deposita of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acreptancea executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
2~:;:f:!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

758,309.35 378,304.21
26,606.96 186,358.81
None 3,648.04
None
None 6,060.00 45,000.00 45,000.00 107,783.01 45,000.00

Total Liabilities............. S 1,602,070.38

------------------ FORTY-SECOND ANNUAL REPORT

19

STATEMENT Showing condition at the close of business December 31, 1961, of

BAXLEY STATE BANK Baxley, Ga.

As called for by the Superintendent of Banks

STATEN S. LEWIS,
President. Date of Charter: 8-23-1917

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

ASSETS Cash, balanees with other banks, in-
cluding reserve balances, and cash items in process of collection...... S United Stat~ Government obligations, dircr.t and ~uaranteed ..... . Obligat.io_n~ of States and political subdntstons ................... . Other bonds, notes. and debentures.. Corporate stoeks (ineluding stock of Federal Reserve Bank) .......... .
Loans and discounts (including overdrafts) ........................ .
Bank premisPs owned, furniture and fixtures........................ .
Real estate owned other than bank premises....................... .
Investments and other assPts indirectly representin~ bank premises or other real estate ............. .
Customers' liability to this bank on acceptances outstanding..........
Other Assets. . . . . . . . . . . . . . . . . . . . . .

623,508.85 1,285,324.34
199,447.14 300,000.00
None 1,274,660.84
46,769.97 None
None None 2 ,654 .84

Total Assets .................. S 3,732,365. 98

LIABILITIES D~mancl deposits ................. S Time df:'posits .................... . Deposits of U.S. Government ..... .
D'J:~T!\~n~f ~tales. ~~d ~.ol~t.i~~~. ~u~
Deposits of hanks ................ . Other deposits (certified and officers'
oheoks, oto.) ................... . Bills payable..................... . Acce-ptanc-es executed by or for ac-
count of this bank and outstandinJ!: .......................... Oth~r liabilitios . . . . . . . . . . . . . . . . . . Capital. ......................... . Surplus ......................... . t'ndivided profits................. , Reserves ........................ .

2,287,025.92 731,706.72 7,519.79
267,482.55 86,569.42
16,528.69 None
None 15,018.00 75,000.00 75,000.00 108,831.01 61,683.88

Total Liabilities............ S 3,732,365.98

STATEMENT Showing condition at the close of business December 31, 1961, of

BLACKSHEAR BANK Blackshear, Ga.

As called for by the Superintendent of Banks

LEO J. ALLEN, President.
Date of Charter: 7-7-1892

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

ASSETS Caah, balances with other banks, in-
cludi~ reserve balances, and cash items1n process of collection...... S United States Government obligations, direct and guaranteed. . . . . .
0~=~~ron':..~~~. ~~.. ~~i~~':"!
Other bonds, notes, and debentures. . Corporate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts) ......................... Bank premises owned, furniture and
fh:tures.........................
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. . . . . . . . . . . . . . . . . . . . . .

689,887.22 1,218,092.18
None 54, 727.50 6,000.00 1,240,142.24 51,748.81
None
None None None

Tots! Assets. . . . . . . . . . . . . . . . . . S 3 ,260 ,597 . 95

LIABILITIES Demand deposita................. S Time depos1ta.................... . Deposits of U.S. Government ..... .
D'J:~!!~n~f. ~~~~. ~~. ~.~t.i~ ~~~
Deposits of banks................ . Other deposits (certified and oflicera'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... .
::::::::::::::::::::::::: Other liabilities.................. .
~:r~r:!.
Undivided profits................. . Reserves ........................ .

1,260,951.83 1,335,882.55
20,282.61
268,250.26 13,963.27
2,655.20 None
None 799.24 100,000.00 100,000.00 149,279.32 8,533.67

Total Liabilities.............. S 3,260,597.95

20

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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, balaneea with other banks, in-
eluding reserve balaneea, and eaah itema in proeeaa of collection...... I United States Government obligationa, direct and guaranteed. . . . . .
0t>,:~~l!To:1. -~~~~. ~~. ~~i~~':".1
Other bonda, notes, and debenturea. .
Co~~~!T ~~~~~e(~~~':.~~ -~~~~- ~~
Loans and discounts (including overdrafts).........................
Bank premisea owned, furniture and fixtures.........................
Real estate owned other than bank premises..... . . . . . . . . . . . . . . . . . . .
Investments and other assets indi-
~~!~e~e~::r',!~~~- ~~- ~-r~~~~
Customers' liability to this bank on acceptaneea outstanding. . . . . . . . . .
Other Aaaeta..................... .
Total Aaaeta ................. I

754,148.08 1, 126,720.94
334,859.58 None None
923,678.75 35,950.00 None
None ~ ~~=
3,175,357.35

LIABILITIES Demand depoaita. . . . . . . . . . . . . . . . S Time depoalta .................... . Deposita of U.S. Government ..... .
D'Jfv~~~:n~f- ~~~~~. ~~~- ~~~t~~~ ~~~
Deposita of banks ................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatanding........................... . Other liabilities.................. . Capital. ......................... . Surplus ......................... . Undivided profita................. . Reserves ........................ .

1,22.~.052.23
1,251,294.84 40,672.05
243,017.88 99,171.91 None None
None None 100,000.00 100,000.00 116,148.44 None

Total Liabilitiea.............. I 3,175,357.35

STATEMENT Showing condition at the close of business December 31, 1961, of

UNION COUNTY BANK Blairsville, Ga.

As called for by the Superintendent of Banks

E. S. DOCKERY, President.
Date of Charter: 2-18-1949

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

ASSETS Cash, balances with other banks, in-
cludinj! reserve balances, and cash items m process of collection ...... S United States Government obligations, direct and guaranteed . .... . Obligat}o!'s of States and political subdivlBtons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real <'state owned other than bank premif!l"s . ...................... . Investments and other assets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outatanding......... . Other Assets..................... .

386,634.69 667,348.66
14,863.91 100,000.00
None 607.210.94
16,876.11 4,765.33
None None None

Total Asseta .................. I 1.797,699.64

LIABILITIES Demand depoaita.................. $ Time depos1ta .................... . Depoaita of U. S. Government . . . . . .
D1;~!t:n~f- ~~~~~s- ~~~- ~-~l~t-i~~~ ~~~
Deposits of banks ................ . Other depoaits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatanding........................... . Other liabilities .................. . Capital. ..................... Surplus ......................... . Undivided profits................. . Reserves ........................ .

810,720.65 633,138.95
21.324.21 180,806.63
None
2.797.42 None
None 12.242.96 1;(),000.00
-~.000.00
36,668.82 None

TotalLiabilities.............. $ 1.797,699.64

FORTY-SECOND ANNUAL REPORT

21

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

STATEMENT

Showing condition at the close of business December 31, 1961, 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

Caah, balances with other banks, in-

cludinf! reserve balances, and cash items m proceao of collection ...... $ 533,747.78

United States Government obligations, direct and guaranteed ..... . 1,128,404.75

Obligat.io_n~ of States and political subdtvJsions . .................. .

None

Other bonds, notes, and debentures..

1.00

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ .

712,263.36

Bank premises owned, furniture and

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

28,644.04

Real estate owned other than bank

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

None

Investments and other aaseta indi-

rectly representing bank premises

or other real eatate ............. .

None

Customers' liability to this bank on

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

None

Other Assets..................... .-----1-,5-2-2-.9-0

Total Assets .................. $ 2, 404,583. 83

LIABILITIES Demand deposita................. $ Time depoa1ts.................... . Deposita of U. S. Government ..... .
D'Jl~!~n~f- ~~~~s- ~~~- ~.o..~t-i~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing ....... .................... . Other liabilities.................. .
~:~;f~!-.-.:: :::::::: :::::: :::: ::: :
Undivided profits................. . Reserves ........................ .

1,063,375. 93 803,844.79 44,464.90 306,331.21 None 4,594.23 None
None 1,710.00 50,000.00 75,000.00 55,262.77
None

Total Linbilities.............. $ 2,404,583.83

STATEMENT

Showing condition at the close of business December 31, 1961, 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 Caah, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ...... $ United States Government obligations, direct and guaranteed ..... . Ohliga~io_n~ of States and political
8Ubd.IV1SIODS . .................. .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
hi~~"::.':'i~ ~;.d -~th~r a.,~~i~ i,;di~ reedy representing bank premises or other real estate ............. . Customers' liability to this bank on
acceptances outstanding.......... Other Assets. . . . . . . . . . . . . . . . . . . . . .

782,587.71 1,389,219.27
141 '776.22 75,001.00
None 1,489,031.65
1,225.03 None
None None 1,248. 92

Total Assets .................. $ 3 ,880,089 .80

LIABILITIES Demand deposits..................$ Time deposita.................... . Deposita of U.S. Government ..... .
D'Jl~T!l~n~f- ~~~t~s- ~n~- ~-l~t!~~~- ~~~
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 .................. .
~:r~f:!-.-.-.-:::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,942,676.36 1,336,805.44
32,365.51
134,282.98 None
11,513.35 None
None 14,582.90 100,000.00 130,000.00 96,914.41 80,948.85

Total Liabilities.............. $ 3,880,089.80

22

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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

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

ASSETS

Cub, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... S 1.188,841.88

United States Government obliga-

tions, direct and guaranteed ..... . 1,311,433.95

o~~~i.Ton".:. -~t~~~~. ~~~- .~~it~~-' 268,003.18

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ .

906,473.97

Bank premises owned, furniture and

finures........................ .

1,001.00

Real estate owned other than bank

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

None

ln-estments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

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

None

- - - - - Other Assets..................... .

687.85

Total Assets ................. .S 3.676,441.83

LIABILITIES Demand deposits................. .S Time depos1ts.................... . Deposits of U.S. Government ..... .
D':rvT!~~0~f ~t~t~s- ~~~- ~-ol~t-i~~~- ~~~
DejlOsits 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 ........................ .

1,415,200.79 1, 700,586.12
33,652.66 203,471.34
None 5,702.27
None
None 27,563.44 100,000.00 100,000.00 80,265.21 10,000.00

Total Liabilities.............. S 3,676,441.83

STATEMENT Showing condition at the close of business December 31, 1961, of

PEOPLES BANKING COMPANY Boston, Ga.

As called for by the Superintendent of Banks

J. E. CROMARTIE,

MARY R. LEAK,

President.

Cashier.

Date of Charter: 1-29-1947

Began Business: 4-1-1947

---==-==================~=====================

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 ..... . Obligat.io_n~ of States and political
8UbdlV18lOD8 . .................. .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets. . . . . . . . . . . . . . . . . . . . . .

213,892.97 150,000.00
None None None 161,911.47 5,399.58 None
None None 430.34

LIABILITIES S Demand deposits................ . Time depos1ts.................... . Deposits of tJ. S. Government . . . . . .
D":rvT!l~n~f- ~~~~s- ~~~- ~-l~t-i~~~- ~~~
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 .......................

324,921.78 118,365.02 11,150.50 25,425.00
None None None
None None 25,000.00 10,000.00 16,772.06 None

Total Assets.................. S 531,634.36

Total Liabilities.............. S 531,634.36

FORTY-SECOND ANNUAL REPORT

23

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

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

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE COMMERCIAL BANK Bowdon, Ga.

As called for by the Superintendent of Banks

W.C.ROOP, President.
Date of Charter: 9-22-1926

W. A. BOWMAN, JR. Cashier.
Began Business: 9-22-1926

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... S 834,736.16

United States Government obliga-

tions, direct and guaranteed ..... . 1,237,118.51

Ob~:S::i~i:.~m~!..~~~~~. ~~..~~i~i.~! 108,752.44

Other bonds, notes, and debentures ..

None

Corporate stocks (including stock of

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

None

Loans .and discounts (including over-

drafts) ........................ . 1.419,090.84

Bank premises owned, furniture and

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

50,000.00

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

1,046.43

Total Assets .................. S 3 ,650 ,744 .38

LIABILITIES Demand deposits................. S Time deposits.................... . Deposita of U.S. Government ..... .
D~!l~n~f. ~~~~~. ~~~. ~.~l~t.i~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Billa payable ..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surl'lus ......................... . Undivided profits................. . Reserves........................ .

2,224,450.20 960,599.66 36,675.53 89,642.93 None 12.93 None
None 93,124.47 50,000.00 100,000.00 71,102.23 25,136.43

Total Liabilities.............. S 3,650,744.38

STATEMENT

Showing condition at the close of business December 31, 1961, of

BRASELTON BANKING COMPANY Braselton, Ga.

As called for by the Superintendent of Banks

H. F. 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-
clu~ reserve balances, and cash items 1n procesa of collection...... S United States Government obligations, direct and guaranteed ..... .
Ob!:~':O::..~~~. ~~~..~~~.~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discount& (including over-
drafts) ........................ . Bank premisea owned, furni!.ue and
fixtures........................ . Real estate owned other than bank
premisea....................... . Investments and other assets indi-
rectly representing bank premisea or other real estate............. . Customers' liability to tbia bank on acceptances outstanding......... . Other Assets..................... .
Total Assets.................. S

109,167.55 431,055.85 49,476.61
None None 191,915.33 3,226.99 None
None None 581.00 785,423.33

LIABILITIES Demand deposits................. S Time deposits.................... . Deposits of U.S. Government..... . DeJ!OI!i~ of States and political sub-
divietona ...................... . Deposits of banks ................ . Other deposits (certified and officers
checks, etc.) ................. Billa payable.................... .. Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. . Capital......................... S~lus ......................... . Undivided profits................. . Reserves........................ .

373,705.51 275,000.00
None None None
4,800.00 None
None None 25,000.00 75,000.00 31,917.82 None

Total Liabilities.............. S 785,423.33

24

DEPARTMENT OF BANKING

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

STATEMENT

Showing condition at the close of business December 31, 1961, of

COMMERCIAL & EXCHANGE BANK Bremen, GL

As called for by the Superintendent of Banks

J. S. McEACHERN, President.
Date of Charter: 1-18-1949

CLARK STAPLER, Cashier.
Began Business: 2-1-1949

ASSETS Cash, balancea with other bank&, in-
cludiUJ reserve balancea, and caah items 1n proceaa of collection...... S United States Government oblicationa, direct and guaranteed......
0~~~~TO::..~~~. ~~ .~~~~
Other bond&, notes, and debentures..
Corporate stocks (including atock of Federal Reserve Bank) .......... .
Loan& and diacounta (including overdrafts).........................
Bank premiaea owned, furniture and fi:o:tures.........................
Beal estate owned other than bank premiaea........................
Investments and other aaaets indi-
:"!~e~e~e'":re:::.~. ~~~. ~r~~~
Customers' liability to this bank on acceptances outstanding.... . . . . . .
Other Aaaeta......................

2, 139 , 945 .41 1,416, 776.49
349,418.03 49,875.00 None
1,441,293.34 28,194.11 None
None None 10,251.40

Total Aaaeta ................. S 5 , 435,753 . 78

LIABILITIES Demand deJIOBit&................ S Time dep<Nnta .................... . Depoeita of U. 8. Government ..... Depoei~ of States and political sub-
diviatone ......... , ........
8:'C:iJ:::S~'t.riified: a~d 'offi~~ checka, etc.) ................... , Billa payable..................... . Acceptancea e:o:ecuted by or for ac-
count of thia bank and outstanding........................... . Other liabilities .................. . Capital. ......................... . Surplue......................... . Undivided profits................. . Reaerves ........................ .

3,509,836.32 956,336.15 383,331.80 160,451.69 57,304.10 5,475.08 None
None 6,556.68 100,000.00 150,000.00 56,461.96 50,000.00

TotalLiabilities..............s 5,435,753.78

STATEMENT

Showing condition at the close of business December 31. 1961, 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 obligntions, direct and guaranteed ..... . Obligations of States and political subdivisions ................... . Other bonds, notes, and debentures.. Corporate storks (including stock of Federal Rescne Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premises....................... . Investments and other aasets indirectly representing bank premises or other real estate ............. . Cuetomers' liability to this bank on acceptances outstanding......... . Other Aasets..................... .

297,950.60 362.694.00
NonP. None None 856,189.11 7,533.05 None
None None 5,299.29

Total Assets ..................S 1 ,529, 666 .05

LIABILITIES Demand deposita..................S Time depos1ts.................... . Deposits of U.S. Government ..... .
D'Jl~!l~n~f. ~~~~~s. ~~ ~l~t.i~~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills pnyable..................... . Acceptnnces executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. . Capital. ....................... , .. Surl'lus ......................... . Undivided profits................. . Reserves ........................ .

784,619.67 512,148.70
1,143.75 56,549.47
None 8,632.76
None
None None 25.000.00 75,000.00 46,571.70 20,000.00

Total Liabilities.............. $ 1,529,666.05

FORTY-SECOND ANNUAL REPORT

25

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

STATEMENT

Showing condition at the close of business December 31, 1961, of

HARALSON COUNTY BANK Buchanan, Ga.

As called for by the Superintendent of Banks

H. S. McCALMAN, President.
Date of Charter: 3-3-1909

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

ASSETS Cash, balances with other banks, in-
cludin!J reserve balances, and cash items m process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political subdJvJstons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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 ABBets ..................... .

494,462.01 634,849.7.5
34,087.36 250,1.54.62
None 58.5 '945 .38
19,670.75 1.00
None None None

Total A88eta .................. $ 2,019,170.87

LIABILITIES Demand deposits................. S Time depos1ts.................... . Deposits of U.S. Government ..... .
D'Ji~!t~n~f ~~ates_ ~~~- ~-lit_i~~l- ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
.:: ::::::::::: :: ::::: :::: Other liabilities.................. .
~:r~::!.
Undivided profits................. . Reserves........................ .

1,257,379.85 309,754.44 10,008.42 223,512.25 None 8,435.06 None
None None 40.000.00 60,000.00 100,000.00 10,080.85

Total Liabilities.............. S 2,019,170.87

STATEMENT

Showing condition at the close of business December 31, 1961, 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-
cludiD!J reserve balances, and cash items m proceBB of collection ...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political subdtvJstons................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premises....................... . Investments and other aBBets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other A88ets ..................... .

400,569.33 754,454.92 177,371.60 119,875.00
None 765,995.10
2.00 4.00
None None None

TotalAssets.................. $ 2,218,271.95

LIABILITIES Demand deposits................. S Time deposits.................... .
Deposita of U.S. Government ..... .
D':lfv'l!t~n~f- ~~~~s- ~~~- ~~t-i~~- ~~~
Deposits of banks ................ . Other deposits (certified and officers'
.-hecko, etc.) ................... . Bills payable..................... .
Acceptances executed by or for account of this bank and outstanding........................... .
.._.:::::::::::::::::::::::: Other liabilities..................
~:r~::!
Undivided profits................. . Reserves ....................... ..

908.886.64 493,458.11
15,050.76
668,086.43 20.000.00
9,621.32 None
None None 50,000.00 50.000.00 3,168.69 None

Total Liabilities.............. S 2,218,271.95

26

DEPARTMENT OF BANKING
~~~=-------------------

STATEMENT

Showing condition at the close of business December 31, 1961, of

BUFORD COMMERCIAL BANK Buford, Ga.

As called for by the Superintendent of Banks

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

FORREST PUCKETT, Cashier.
Began Business: 2-11-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection. . . . . I United States Government obligationa, direct and guaranteed ..... . Obli.ga~i~n~ of States and political
8UbdlV1810n& ............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

403,994.07 866,041.36 264,146.21
1.00 None 1,170,581.75 20,720.33 None
3,601.92 None
23,918.87

Total Assets.................. I 2,753,005.51

LIABILITIES Demand deposits................. I Time depos1ts.................... . Deposits of U.S. Government ..... .
D':fi~!!~n~f. ~~~t~s. ~~~- ~-l~t.i~~-~ ~~~
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. ......................... . Surl'lus ......................... . Undivided profits................. . Reserves ........................ .

1,531,174.64 466,508.24 57,136.47
446,693.92 None
None None
None 16,060.03 100,000.00 100,000.00 35,432.21
None

Total Liabilities.............. $ 2,753,005.51

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CITIZENS STATE BANK Butler, Ga.

As called for by the Superintendent of Banks

R. C. BROOKS
President.
Date of Charter: 9-4-1926

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

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed . . . . . Obliga~io.n~ of States and political subdJVtstons .................. .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . 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................. .

1,151,898.20 693,215.63 99,937.50 None None 931,216.20 13,501.99 None
None None 28,413.79

Total Assets................. $ 2,918,183.31

LIABILITIES Demand deposits..................$ Time depostts.................... . Deposits of U.S. Government ..... .
D';fi~~l~n~r_ ~~at~s ~~~- ~.o.lit.i~~l su~
Deposits of banks. . . . . . . . ....... . Other deposits (certified and officers'
rhecks, etr.) ................... . Bills payable..................... . Acceptanees E-xecuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surl'lus ......................... . Undivided profits................. . Reserves .................... .

1,430,030.18 706,838.59 9,604.49
365,664.92 100,873.13
14,185.07 None
None 15,805.19 100,000.00 100,000.00 43,183.53 31,998.21

Total Liahiliti~s . . . . . .

$ 2,918,183.31

FORTY-SECOND ANNUAL REPORT

27

STATEMENT Showing condition at the close of business December 31, 1961, of
BANK OF BYROMVILLE Byromville, Ga.

As called for by the Superintendent of Banks

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

J. D. LESTER, JR., Cashier.
Began Business: 7-26-1920

ASSETS

Cash, balances with other banks, in-

cludinJ itema1n

reserve proee88

boafleeonleleeae,tiaonnd. . e. .a.e.hs

United States Government obliga-

tions, direct and guaranteed ..... .

Ob~!f!tl=onO:..~~~~. ~~~.. ~~i~~e_a.J

Other bonds, notes, and debentures..

Corporate atoeka (including atoek of

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

Loans and dieeounta (including over-

draft&) ........................ .

Bank premises owned, furniture and

fizturee............. ... ..

Real estate owned other than bank

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

Investment& and other &88eta indi-

rectly representing bank premises

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

Customers' liability to this bank on

aeeeptances outstanding......... .

Other Aaeeta..................... .

Total Aaeeta .................. $

188,149.29 134,002.79 19,818.14 74,375.00
None 402,347.113
5,282.82 None
None None 300.80 824,276.77

LIABILITIES Demand deposita................. $ Time depoe~ta.................... . Deposita of U. S. Government .....
nerv~~.:~ ~~~. ~~. ~~~~~- ~~~
Deposita of hanks ................ . Other deposita (certified and ollieere'
cheeks, ete.) .................. .. Billa payable..................... . Acceptances ezecuted by or for ae-
eount of this bank and outstanding ........................... . Other liabilities.................. . Capital.......................... . Surplus ......................... . Undivided profita................. . Reserves........................ .

525,242.76 111,849.03
283.42 96,064.71
None 256.06
None
None 5,456.40 30.000.00 20.000.00 3.5,124.39
None

Total Liabilities............. $ 824,276.77

STATEMENT Showing condition at the close of business December 31, 1961, of

CAIRO BANKING COMPANY Cairo, Ga.

As called for by the Superintendent of Banks

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

G. G. THOMAS, JR., Cashier.
Began Business: 1-1-1900

ASSETS Cash, balances with other banks, in-
cludinj! reserve balances, and cash items 1n process of collection...... $ United States- Government obligations, direct and guaranteed ..... . Oblip~i~n~ of States and political
8U'bdlV1810DB . .......
Other bonds, notes, and debentures.. Corporate atoeka (including stoek of
Federal Reserve Bank) .......... . Loans and disoounta (including over-
draft&) ........................ . Bank premises owned, furniture and
fizturea................ . Real estate owned other than bank
premises....................... . Investment& and other &88eta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other A888ta..................... .

2,141,403.17 1,686,588. 95
631,883.70 None None
1,860,900.48 34,000.00 21,470.36
None None 1,977.45

Total A888ta .................. $ 6,378,224.11

LIABILITIES Demand deposita................. $ Time depos1ts.................... . Deposita of U.S. Government.....
D~~.:~ ~~~~~ ~~-~ .~~~i~~ ~~~
Deposita of banks ................ . Other deposita (certified and ollieere'
checka, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. . Capital. ......................... . Surolua......................... . Undivided profita................. . Reserves ........................

2,982,394.71 2,329,675.63
78,106.37 427,453.00
32,083.93
32,467.93 None
None 35,884.95 150.000.00 100,000.00 210,157.59
None

Total Liabilities.............. $ 6,378,224 .11

28

DEPARTMENT OF BANK--I-N-G-----------------------

STATEMENT

Showing condition at tht! close of business December 31, 1961, of

CITIZENS BANK Cairo, Ga.

As called for by the Superintendent of Banks

J. C. MINTER, President.
Date of Charter: 12-3-1903

LUCILE S. MAXWELL, Cashier
Began Business: 1-1-1904

ASSETS Cash, balances with other banks, in-
cludilljt reserve balances, and cash items m proceBB of collt"Ction ...... S United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
SUbdlVlSIODS . .............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-.
rectly representing bank premises or other real estate............. . Customers' liability t.o this bank on acceptances outstanding......... . Other ABBets..................... .

684,013.88 1,680,536.99
184,921.83 None None
588,204.71 20,000.00 None
None None 2,500.00

Total ABBets .................. S 3,160,177.41

LIABILITIES Demand deposits. . . . . . . . . . . . . . . . . S Time depos1ts.................... . Deposits of U.S. Government ..... .
D':WvT!!!n~f. ~~~~~s. ~~~- ~-l~t.i~~~ ~~~
DejlOsits of banks ................ . Other deposits (certified and oflicero'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
r.ount of this bank and outstanding ........................... . Other liabilities .................. . Capital. ............... Surplus ....................... Undivided profits................. . Reserves ........................ .

1,329,825.95 1,151,451.83
27 ,02tl.17 287,452.14 112,685.71
9,240.60 None
None None 75,000.00 100,000.00 65,607.06 1,887.95

Total Liabilities............ S 3,160,177.41

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF CAMILLA Camilla, Ga.

As called for by the Superintendent of Banks

RAYMOND T. MUGGRIDGE, JR., President.
Date of Charter: 11-4-1889

MRS. LORA D. STARK, Cashier.
Began Business: 1-2-1890

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection. . . . . . S United States Government obligations, direct and guar.nteed ..... . Obliga~io}l~ of States 'knd political subdvsons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estate owned other than bank premises....................... . Investments and other assets indirectly representing bank premises or other real estate............. . Customers' liability to thio bank on acceptances outstanding......... . Other Assets..................... .

693,127.19 940,065.38 99,254.18
None None 981' 138.37 24,091.08 1.00
None None 3,450.00

Total ABBets .................. S 2,741,127.20

LIABILITIES Demand deposits................. .S Time depos1ts.................... . Deposits of U.S. Government ..... .
D':WvT!~!n~f. ~~~~~s. ~~~- ~-l~t.i~~~ ~~~
Dcposits 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 .................. .
~::'~~:!... :::::::::::: :::::: :::::
Undivided profits................. . Reserves ........................ .

1,094,070.41 864,606.40 8,082.09 562,264.01 None 16,578.42 None
None None 100,000.00 50,000.00 45,525.87 None

Total Liabilitit'S.............. S 2, 741, 127.20

_ _ _ _ _ _ ___:F:_O=-:RTY-SECOND ANNUAL REPORT

29

STATEMENT Showing condition at the elose of busmess Deeember 31, 1961, of

PLANTERS & CITIZENS BANK Camilla, Ga.

As ealled for by the Superintendent of Banks

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

JOE B. ADAMS, Cashier.
Began Business: 5-24-1913

ASSETS Cash, balances with other hanks, in-
cluding reserve balances, and cash $ items in process of collection..... . United States Government obligations, direot and guaranteed ..... . Obligat.io_n~ of States and political
subdlVISIODS ...... , ....... , .... .
Other bonds, notes. and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ .
Bank premises owned, furniture and fixtures........................ .
Real estate owned other than bank premises....................... .
Investments and other assets indirectly representing bank premis's or other real estate ............. .
Customers' liability to this bank on acceptances outstanding........ .
Other Assets..................... .

851,778.05 1, 761,545.89
None None None 1,835,174.70 75,001.00 None
None None None

Total Assets . . . . . . . . . . . . . . . . . . S 4 523 ,499 . 64

LIABILITIES Demand deposits................. S Time deposits.................... . Deposits of U. S. Government ..... .
DdrvT~~:n~f ~~~t~s. a~d. ~-l~t.i~~~ ~~~
Deposits of banks ................ .
Other deposits (certified and officers' checks, etc.) ................... .
Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstandinp; . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,737,781.17 1, 758,663.19
63,040.78
628,531.73 None
37,482.77 Non
None None 100.000.00 150,000.00 48.000.00 None

Total Liabilities.............. S 4,523,499.64

STATEMENT Showing condition at the elose of business Deeember 31, 1961, of

BANK OF CANTON Canton, Ga.

As ealled 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 balanres, and cash items in pror.ess of collection ...... United Stat~ Governn1ent obliga tions, direct ami guarantef'd ..... . Obligations of States and political subdivisions ................... . Other bonds, notes, and debentures .. Corporate stocks (including stock of Federal Reserve Bankl .......... . Loans and discounts (including over
drafts).. . . . . . .... .... Bank premises owned, furniture and
fixtures.... . . . . . . . . ........ .
Real estate owned other than bank premisE's ...................... .
Investments and other assets indirel'tly represC'nting bank premises or other real estate ............. .
Customers' liability to this bank on acceptances outstanding......... .
Other Assets ..................... .

7ll:e ,101. 83 2,634,264.04
712,470.30 179,950.00
None 2,137,893.09
47,395.2(' Non
None None 1,375.00

Total Assets . . . . . . . . . . . . . . . . . S 6, 505, 449 .46

LIABILITIES Demand deposits.................. S Time deposits.................... . Deposits of U.S. Government ..... .
D'Ji~~~~:n~f S~ates_ ~nd. ~-lit~~l ~~~
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 ........................ .

2,339,836.53 2,689,800.62
124,221.47
478,899.93 156,237.93
22,410.22 None
None 170,892.86 200,000.00 200.000.00 103,149.90 20,000.00

Total Liabilities.............. S 6,505,449.46

30

DEPARTMENT O~F~B=A=N~K=IN~G~-----------------

STATEMENT Showing condition at the close of business December 31, 1961, of

ETOWAH BANK Canton, Ga.

As called for by the Superintendent of Banks

H. G. VANDIVIERE, President.
Date of Charter: 1-22-1927

N. E. FACKLER, Cashier.
Began Business: 1-29-1927

ASSETS Cash, balancea witb other banks, in-
cludin,: reeerve balancee, and cash itema 1n proceu of collection...... S United States Government obligations. direct and guaranteed ..... .
Ob;!~~~Ton":. -~~~. ~~- .~~i~~~-1
Other bonds, notea, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premiaea or other real estate ............. . Customers' liability to this bank on acceptancee outstanding......... . Other Assets..................... .

599,896.48 2,396,923.75
633,195.63 None None
2,272,680.90 111,183.99 4,634. 77
None None None

Total Assets.................. S 6,018,515.52

LIABILITIES

Demand deposita................. S 2,097,610.46

Time deposits.................... . 3,005,045.95

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

28,401.57

D";R~T!1~n~f- ~~~~~. ~~~ ~l~t.i~~~ ~~~ 265,922.26

Deposita of hanks ................ .

72,999.45

Other deposits (certified and officers'

cherks, etc.) ................... .

106.74

Billa payable..................... .

None

Acceptances executed by or for ac-

count of this bank and outstand-

ing ........................... .

None

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

11,519.40

~~pif!!.-::: :::::: ::::::::::::::::

100,000.00 300,000.00

un".livided profits................. .

86,909.69

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

50,000.00

Total Liabilities.............. S 6,018,515.52

STATEMENT 8howing condition at the close of business December 31, 1961, of
CARNESVILLE STATE BANK Carnesville, Ga.

As called for by the Superintendent of Banks

J. F. COLBERT, President.
Date of Charter: 7-18-1960

HENRY B. HAYES, Cashier.
Hegan Business: 8-1-1960

ASSETS

Cub, balances with other banka, in-

cludint~ reaerve balances, and cash

itema 1n proceaa of eolledion ...... $ 625,426.19

United States Government oblige-

tiona, direct and guaranteed ..... .

107,031.25

Ob~!f!NX.To::. -~~~. ~~~- .~1.i~~~!

None

Other bonds, notea, and debenturea..

24,750.00

Corporate atorka (including stock of

Federal R.,..rve Bank) .......... .

None

Loan& and diaeounta (including over-

drafts) ........................ .

223,678.28

Bank premises owned, furniture and

fisturea........................ .

2,939.65

Real eatate owned other than bank

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

None

Investments and other aaaeta indi-

rectly representing bank premisea

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

None

Customers' liability to tbis bank on

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

None

- - - - - - Other Assets. . . . . . . . . . . . . . . . . . . . . .

614 .63

Total Aaaeta .................. $ 984,440.00

LIABILITIES Demand deposita................. S Time deposita.................... . Deposita of U. S. Government ..... .
De.lrv1!t~.:'. ~~~~- ~~~- ~l~t.i~~~ ~~~
Deposita of banka ................ . Other deposita (certified and officers'
checka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of thia bank and outstanding ........................... Other liabilities................... .
~~~r~!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................

656,275.46 163,311.57
12,494.91 65,000.00
None 530.06
None
None 820.53 50,000.00 15,000.00 21,007.47
None

Total Liabilitiea............. S 984,440.00

---------------------F--O-R-T--Y-SECOND ANNUAL REPORT

31

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE PEOPLES BANK Carrollton, Ga.

As called for by the Superintendent of Banks

ROY RICHARDS, President.
Date of Charter: 11-10-1909

FRED HUTCHINS, Cashier.
Began Business: 12-1-1909

ASSETS

Cub, halancea with other banks, in-

oludi"' reserve balan""'', and cae1> items tn proceu of collection...... I

2,716,478.29

United States Government ohliga. tiona, direct and guaranteed..... . 1,694,705.61

0~~:;:.ron~f..~~~. ~~..~1.i~~ 349,879.73

Other honda, notes, and debentures..

100,225.00

Gorporate stocks (including stock of

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

None

Loans and diacounte (including over-

drafts) ........................ . 2 ,436, 730.42

Bank premises owned, furniture and fi:durea........................ .

61,243.82

Real estate owned other than bank premiaea....................... .

None

Inveatmente and other uaeta indi-

rectly representing bank premiaea

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

None

Customers' liability to this bank on

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

None

---------- Other .Auete..................... .

None

Total Aaaete. . . . . . . . . . . . . . . . I 7, 359,262. 87

LIABILITIES Demand deposita................. I Time depoatta.................... . Deposito of U. S. Government ..... .
DeJfvt.t~n~f. ~~~~. ~~~- ~~~t~~~ ~~
Deposito of banks ................ . Other deposito (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

5,194,436.57 433,708.82 108.409.15 939,296.03 36,071.79 8,431.27 None
None 139,157.44 125,000.00 175,000.00 50,188.15 149,563.65

Total Liabilities..............1 7,359,262.87

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE CARTERSVILLE BANK Cartersville, Ga.

As called for by the Superintendent of Banks

WALTER B. ATWATER, President.
Date of Charter: 12-20-1947

HUGH I. JACKSON, Cashier.
Began Business: 11-19-1948

ASSETS

Cub, balances with other banks, in-

cludi"' reserve balancea, and cash

itemotn process of collection...... I

United States Government obliga-

tions, direct and guaranteed . . . . . .

ObSi"~Vl~~B11l\O' Do8fStates

,

and


political
""......

Other honda, notes, and debentures..

Gorporate Federal

Rsteoscekrvs e(iBncalundkin)g..s..to..c.k...o.f

Loana and discounts (including over-

drafts) . . . . . . . . . . . . . . . . . . . . . . .

Bank premises owned, furniture and

fi:durea. . . . . . . . . . . . .. . . . . . . . . . . .

Real estate owned other than bank

premiaea.. .. . . . . . . . . . . . . . . . . . . . .

Investments and other uaete indi-

rectly representing bank premiaea

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

Customers' liability to this bank on

acceptances outstanding.. . . . . . .

Other .Auete. . . . . . . . . . . . . . . . . . . .

597,738.66 1 , 509, 352 .82
158,599.311 None None
1283. 960. 55 77,730. 44 None
None None 12,516. 90

Total Aaaete ............ I 3,639,898. 76

LIABILITIES Demand deposita.. . . . . . . . . . . . . . . . 1 Time depo111te.................... . Deposita of U.S. Government.... DeJ!OI!i~ of States and political auh-
divialona ...................... . Deposita of banks ............... Otlier deposita (certified and officers'
checks, etc.) ................... Billa payable..................... . Acceptancea executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................
~:;~. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................

1,370,427.04 1,392,893.22
40,935.07 462,947.00
None
8,0M.20 None
None 43,340.37 100,000.00 200,000.00 21,301.86
None

Total Liabilities....... .... 1 3,639,898. 76

32

DEPARTMENT OF BANKING

STATEMENT Showing eondition at the close of business December 31, 1961, of
PEACHTREE BANK AND TRUST COMPANY Chamblee, Ga.
As called for by the Superintendent of Banks

B. DAVIS FITZGERALD, JR., President.
Date of Charter: 5-5-1960

ERNEST FULLER, Cashier.
Began Business: 5-6-1960

ASSETS Cub, balances with other banks, in-
cludin,: reserve balances, and caeh items In proceee of collection. . . . . S United States Government obligatiooe, direct and suaranteed ..... . Obliga~i~n~ of States and political aulKiivaeaone ................... . Other bonds, notes, and debentures.. Col'p<lrate etocke (includiq stock of Federal Reserve Bank) .......... . Loana and diecounte (includins overdrafts) ........................ . Bank premieee owned, furniture and fizturea ..................... Real estate owned other than bank premieea....................... . Investments and other aeeete indi-
:0~\e~e~::r'~~:t:. ~~~- ~-r~~i.~
Cuatomere' liability to this bank on acceptances outetandins......... .
Other Aaeete.....................
s TotaiAaeete .................

168,741.10 497,522.16
None 150,000.00
None 793,554.34
15,987.35 None
52,338.26 None
12,767.44
1,690,910.6.~

LIABILITIES Demand depoeite. . . . . . . . . . . . . . . . . S Time depoe1te.................... . Deposita of U.S. Government..... .
De&;!~!n~f. ~~~~O:S. ~~- ~~t~~~ ~~~
DejlOIIite of banks ................. . Other deposita (certified and officers'
checks, etc.) ................... . Bille payable..................... . Acceptances ezecuted by or for ao-
count of this bank and outatondins ........................... . Other liabilities .................. .
~;f:!.::::::: ::::::::::::::::::
Undivided profits................. . Reserves ....................... ,.

805,082.03 284,866.11 108,168.82 164,702.36
None 20,796.37
None
None 20,548.97 125,000.00 100,000.00 61,745.99
None

Total Liabilities......... ,., .. $-t:'690,iii'o.65

STATEMENT Showing condition at the close of business December 31, 1961, of

COHUTTA BANKING COMPANY Chatsworth, Ga.

As called for by the Superintendent of Banks

R. E. CHAMBERS, President.
Date of Charter: 7-17-1901\

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

ASSETS Cub, balances with other banks, in-
cludin,: reserve balances, and cash items 1n proceee of collection ...... S United States Government obligatiooa, direct and suaranteed..... . Oblipt,io.n~ of States and political
8Ubd.JVJSIOD8\
Other bonds, notes, and debentures.. Corporate stocks (includins stock of
Federal Reserve Bank) .......... . Loaoa and discounts (includiq over-
drafts) ........................ . Bank premises owned, furniture and
fiztures........................ . Real estate owned other than bank
premiaea....................... Investments and other aaeete indi-
rectly repreaentins bank premises or other real estate............. . Customers' liability to this bank on acceptances outetandins......... . Other Aaaete..................... .

426,389.17 1,431,318.63
162,145.06 199,953.13
None 756,906.77
10,496.13 None
None None None

Total Aaeete .................. S 2,987,208.89

LIABILITIES Demand deposita....... , , . . . . . . . . S Time depoe1ts.................... Deposita of U.S. Government .....
D'Ji~!~!n~f. ~~~~~. ~~- ~-l~t~~~ ~~~
Deposita of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outetandins........................... . Other liabilities.................. .
~:~~f:!.::: ::::::: :: :: :: :::: ::: ::
Undivided profits................. . Reserves........................ .

1.422,249.18 1'140,831. 70
49,715.95
171,210.45 None
1 '148.67 None
None None 100,000.00 80,000.00 16,000.00 6,052.94

Total Liabilities.............. S 2.987,208.89

FORTY-SECOND ANNUAL REPORT

33

STATEMENT Showing eondition at the close of business December 31, 1961, of

BANK OF CHICKAMAUGA Chickamauga, Ga.

As called for by the Superintendent of Banks

W. H. EDWARDS, President.
Date of Charter: 2-16-1910

N. COLLINS WRIGHT, Cashier.
Began Business: 5-10-1910

ASSETS Cash, balances with other banks, in-
cludi~ reserve balances, and cash itema m process of collection...... 1 United States Government obligations, direct and guaranteed ..... . Obliga~~n~ of States and political
BUbdiVISIODS . ..............
Other bonds, notea, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other aaeeta indi-
:"!~be~e:';:;":~:~~:_ ~~~- ~r~~~~~
Customers' liability to this bank on acceptances outstanding......... .
Other Aaeeta..................... .

340.713.73 877,361.00 251,117.17
4,000.00 None
1,463,932.04 28,115.00 None
None None None

Total Aaeets. . . . . . . . . . . . . . . . . I 2, 965,238.94

LIABILITIES Demand deposita................ I Time depostta.................... . Deposita of U.S. Government ..... .
D';E~~t~~~ ~~~~. ~~ ~~~~i~~ ~~~
Deposita of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstand-
::::::::::::::::::::::::: Otihnegr.l.iabilities...................
~:;~~!.
Undivided profits................. . Reserves ........................

1,051,432.61 1,174,218. 98
114,841.69 318,514.68
None 5,197.27
None
None 14,000.00 50,000.00 100,000.00 77,033.71 60,000.00

Total Liabilities............. -I 2,965,238.94

STATEMENT

Showing eondition at the close of business December 31, 1961, 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-
cludinj!: reserve balances, and cash itsmstn proceae of collection...... $ United States Government obligations, direct and guaranteed..... . Oblin~~n~ of States and political
IIUlMflV1BlOD8 . .......
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other aaeeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outatandinc......... . Other Assets..................... .

883.494.95 1,125,129.69
319,713.87 25,031.25 None
1,110,680.87 41,391.13 None
None None None

Total Aaeeta ................. -I 3,505,441.76

LIABILITIES Demand deposita. . . . . . . . . . . . . . . . . I Time depostta.................... . Deposita of U.S. Government ..... .
D~t~.:~ ~~~~- ~~ ~l~t.i~~ ~~~
Deposita of banka ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~::;:1:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ....................... ..

1, 735,084.92 1,362,572.57
41,647.32 74,249.80
None 5,063.66
None
None None 100,000.00 175,000.00 11,823.49 None

Total Liabilities.............. 1 3,505 ,441. 76

34

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE CLAXTON BANK Claxton, Ga.

As ealled for by the Superintendent of Banks

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

AUBREY STRICKLAND,
Cashier. Began Business: 2-24-1941

ASSETS Cub, balances with other banks, in-
cludin!l reserve balances, and caab itemun procesa of collection ...... S United Stateo Government oblipo tiona, direct and guaranteed . . . . . .
Ob~:.T;d\~i~~o::..~~~. ~~..~~i~~
Other bondo, noteo, and debentureo. .
Corporate otocks (including stock of Federal Reserve Bank) .......... .
Loans and diocounta (including overdrafto).........................
Bank premiseo owned, furniture and fiztureo. . . . . . . . . . . . . . . . . . . . . . . . .
Real eotate owned other than bank premiaeo........................
Inveotmenta and other asaeto indi-
:"!~e~e:';:r'~~~~. ~~~. ~r~~~
Cuotomero' liabilitv to tbio bank on acceptances outstanding... . . . . . . .
Other Asaeta..................... .

1.149,513. 76 862 ,009 . 24 334,247.65 None None
1.584,164.88 10,835. 15 None
None ~~~=

Total Asaets .................. S 3,940,770.68

LIABILITIES Demand deposita................. S Time depos1to................... . Deposito of U. B. Government ..... .
DeJrvT!~~n~f. ~~~s ~~~. ~~~t~~~~ ~~~
Deposits of banks ................ . Other depooito (certified and officero'
cbecko, etc.) ................... . Bills payable..................... . Acceptanceo ezecuted by or for ac-
count of tbia bank and outstanding........................... . Other liabilities.................. .
~:;t:!.:::::::::::::::::::::::::
Undivided profits................. . Reoerveo ........................ .

1,784,448.25 1,370,182.60
32,780.90 360,783.15
22,947.47 20,069.03
None
None None 100.000.00 150,000.00 99,559.28 None

Total Liabilities.............. $ 3,940,770.68

STATEMENT Showing condition at the elose of business December 31, 1961, of

TIPPINS BANKING CO., INC. Claxton, Ga.

As ealled 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 Cub, balances with other banko, in-
eludinj! reserve balanceo, and caab itemun proceoo of collection...... $ United States Government oblipo tiona, direct and guaranteed ..... .
Ob~:s:fi;t;.ron':!. -~~~~. ~~~ .~~i~~c_a~
Other bondo, notes, and debentureo.. Corporate otocko (including stock of
Federal Reserve Bank) .......... . Loano and diocounta (including over-
drafts) ........................ . Bank premiseo owned, furniture and
fiztureo ........................ . Real estate owned other than bank
premises....................... . Investments and other asaets indi-
rectly representing bank premioeo or other real estate............. . Cuotnmero' liability to tbio bank on acceptances outotanding......... . Other Aooeta..................... .

549,624.16 511,956.73 304,098.52 349,875.00
None 677 '86.5. 67
42,319.05 None
None None None

Total Asaeta ................. S 2, 435,739. 13

LIABILITIES Demand depooits................. S Time depos1ta.................... . Deposits of U. B. Government . . . . . .
DeJrvT!~.:f. ~~~s. ~~~- ~-l~t~~l. ~~~
Depooits of banko................ . Other deposito (certified and officero'
cbecko, etc.) ................... . Billa payable..................... . Acceptanceo ezecuted by or for ac-
count of this bank and outstanding........................... . Other liabilitieo .................. .
~!:'~f:!.::: ::: :: :: :: :: :: ::: :: :: ::
Undivided profito................. . Reoerveo ........................ .

1.092 '448. 33 1,073,337.06
11,710.33 53,494.35 35,151.11 17,590.25
None
None None 50,000.00 75,000.00 27,007.70 None

Total Liabilities. . . . . . . . . . . . . S 2, 435,739. 13

FORTY-SECOND ANNUAL REPORT

35

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF CLAYTON Clayton, Ga.

As called for by the Superintendent of Banks

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

MISS P. D. BLECKLEY, Cashier.
Began Business: 7-1-1904

ASHETS Caah, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliaa~o_n~ of States and political au'DdiVIslona ................... . 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 indirectly representing bank premises or other real estate ............. .
Customers' liability to this baDk on acceptances outstanding......... .
Other Assets..................... .

502,593.08 857,296.86 176,648.12 494,815.63
None 805,061.60
38,751.01 7,691.25
None None None

Total Assets. . . . . . . . . . . . . . . . . . S 2 882, 857 .55

LIABILITIES Demand deposita. . . . . . . . . . . . . . . . . S Time deposits.................... . Deposita of U. S. Government ..... .
De.Wvt.!!..~~ ~~~- ~~- ~~~~ ~~~
Deposita of banks................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this baDk and outstanding........................... . Other liabilities .................. .
~:pif:!.::: ::::::::::::::: ::::: ::
Un'Jivided profits................. . Reserves ........................ .

2,004,916.22 325,444.53 25,000.00
194,451.15 10,000.00
12,454.55 None
None 10,534.60 100,000.00 150,000.00 50,056.50
None

Total Liabilities.............. S 2,882,857.55

STATEMENT

Showing condition at the close of business December 31. 1961, of

THE PEOPLES BANK Cleveland, Ga.

As called for by the Superintendent of Banks

J. M. HOLCOMB, President.
Date of Charter: 12-11-1945

W. C. DIXON, Cashier.
Began Business: 7-1-1946

ASSETS

Cash, balancea with other banks, in-

cluding reserve balan~es, and cash

items in process of collection...... S 389,640.81

United States Government obliga-

tions, direct and guaranteed..... .

364,447.25

Obligat.io.n~ of Statea and political

subdtvlslons................... .

311,378.69

Other bonds, notes, and debentures..

199,656.25

Corporate stot'ks (including stock of

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

None

Loans and discounts (including over-

drafts) ................ ], 113,060.82

Bank premises owned, furniture and

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

48,476.81

Real estate owned other than bank

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

7,800.00

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

..

acceptances outstanding......... . Other Assets..................... .

None 256.25

Total Assets. . . . . . . . . . . . . . . . . S 2, 434,716. 88

LIABILITIES Demand deposits. . . . . . . . . . . . . . . . . S Time deposits.................... . Deposits of U. S. Government ..... .
Dr~l~n~~ ~~~~ ~~ ~~~~~~ ~~~
Deposits of banks ................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
::::::::::::::::::::::::: Other liabilities.................. .
~::::r:!.
Undivided profits................. . Reserves ........................ .

I, 116,258.39 877,686.47 24,466.76 189,215.89 None 3,175.74 None
None None 70,000.00 100,000.00 53,913.63 None

Total Liabilities.............. S 2.434,716.88

36

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

COOK BANKING COMPANY Cochran, Ga.

As called for by the Superintendent of Banks

J. LUTHER HORNE,

ELIZABETH ATTAWAY,

President. Date of Charter: 4-24-1942

Cashier. Began Business: 7-1-1942

ASSETS Caeh, balances with other banks, in-
cludilljl reserve balances, and cash itemsm process of collection...... S United States Government obligations, direct and guaranteed . . . . . .
0~~~:Ton~f. -~~-~. ~~~. ~~i~~~1
Other bonds, notes, and debentures.. C9rporate stocks (including stock of
Federal Reserve Bank)... . . . . . . . . Loans and discounts (including over-
drafts). . . . . . . . . . . . . . . . . . . . . . . . . Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises..... . . . . . . . . . . . . . . . . . . . Investments and other assets indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.......... Other Aseets......................

923,977.55 1,056,265 .60
20, ooo. oo
50,000.00 None
969,385.78 53,003.31
None
None None None

Total Auets..............S 3,072,632.24

LIABILITIES Demand Deposits ................. S Time deposits.................... . Deposits of U. S. Government ..... .
D'rvi!!~n~f ~~a~~. a~~ ."."l~ti~~l. ~~~~
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 .................. .
b!t~~:..~~:::::::::: :::::::::::::
Surplus ......................... . Undivided profits................. . Reserves ........................ .

I ,21;3,376.13 932,887.38 19,785.22
501,391.86 24,077.47
1,394.80 None
None None 60,000.00 177,000.00 73,000.00 14,719.38 15,000.00

Total Liabilities............... S 3 ,072 ,632 . 24

STATEMENT

Showing condition at the close of business December 31, 1961, of

STATE BANK OF COCHRAN Cochran, Ga.

As called for by the Superintendent of Banks

L. D. GRIFFIN, Exec. Vice President. Date of Charter: 12-22-1921

T. E. HOWELL, Cashier.
Began Business: 1-5-1922

ASSETS Caeh, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliaa~i~~ of States and political
au'bdtVISJOn&
Other bonds, notes, and debentures.. Corporate stocks (including atock of
Federal Reserve Bank) .......... Loans and discounts (including over-
drafts} ........................ . Bank premises owned, furniture and
fixtures..................... .. . Real estate owned other than bank
premises....................... . Investments and other usets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Auets..................... .

938,716.07 647,196.57 173,408.45 394,534.88
None 862,931.05
2.00 None
None None 524.07

Total Assets ..................S 3,017,313.09

LIABILITIES D~mand deposita..................S Time depos1ts............. : . ..... . Pepoaita of U. 8. Government..... . DeDoei~ of States and political aub-
divialona ............... Deposita of banks................ . Otlier deposits (certified and ollicera'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~:;~!.:::::::::::::::::::: :::::
Undivided profits................. . Reserves........................ .

1,186,172.63 1,090,881.22
10,342.04 465,283.52
None 7,135.04
None
None 44,324.21 100,000.00 70,000.00 38,174.43 5,000.00

s Total Liabilities............... 3,017,313.09

FORTY-SECOND ANNUAL REPORT

37

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF COLLEGE PARK College Park, Ga.

As called for by the Superintendent of Banks

J. N. WALKER, President.
Date of Charter: 10-3-1945

JOHN L. McCAY, Cashier.
Began Business: 1-7-1946

ASSETS <:ash, balances with other banks, in-
cludinjl reserve balances, and cash items n proceu of collection...... S United States Government obliptiODB, direct and guaranteed ..... . Oblip~io~ of States and political eubdiVl&tona . .................. . Other bonds, notes, and debentures.. Co~rate stocks (includinl stock of Federal Reserve Bank) .......... . Loans and discounts (includins overdrafts) ........................ . Bank premises owned, furniture and fi:o:turea ........................ Real estate owned other than bank premiaea....................... . Investments and other aneta indirectly representing bank premiaea or other real estate............. . Customers' liability to this bank on acceptancesoutatandin1......... . Other Aaaeta..................... .

642,023.43 1,123,079.87
191.982.34 729,974.21
None 1,712,447.92
80,657.39 None
None None 29,228.88

Total Aaaeta ................. S 4,509,394.04

LIABILITIES Demand deposita..................S Time deposits................... . Deposita of U. S. Government ..... . De~i~ of States and political aub-
divialona ...................... . De_posits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... .
::: :: ::: ::::: :::: ::: ::::: Otherliabilities.................. .
~;r:.
Undivided profits................. . Reserves ........................ .

2,289,277. 99 1,465,823.64
31,736.34 354,309.00
None 1.052.00
None
None 86,408.87 125,000.00 125,000.00 30,785.30
None

Total Liabilities. . . . . . . . . . . . . . S 4 ,509 ,394 . 00

STATEMENT Showing condition at the close of business December 31, 1961, of

CITIZENS BANK Colquitt, Ga.

Aa called for by the Superintendent of Banks

G. C. nNKS, SR. President.
Date of Charter: 3-24-1924

G. C. JINKS, JR., Cashier.
Began Business: 4-21-1924

ASSETS Cub, balances with other banks, in-
el~ reserve balances, and cash items m proceaa of collection...... S United States Government obliptiODB, direct and guaranteed ..... . Oblin~io_n~ of States and political a'Ubd.iVl8tona . .................. Other bonds, notes, and debentul't'tl.. Col]IOrate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (includins overdrafts) ........................ . Bank premises owned, furniture and bturea........................ . Real estate owned other than bank premiaea....................... . Investments and other aueta indirectlY representing bank premises or oihPr real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Aneta..................... .

815,114.01 1,615,355.00
121,267.56 None None
1,654. 781.42 None None
None NonP None

Total Aneta .................S 4,206,518.89

LIABILITIES

Demand deposita..................S 2,174,008.77

Time depoa1ta .................... . 1,225,065.14

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

58.530.82

necrvr~~.:f. ~~~ ~ ~-~~i~~ ~~~ 406,204.18

8:Cr'il:~l:'t!riifi..d ~ci 'OJi;;,m

None

checks, P.tc.) ................... .

7,523.81

Billa payable..................... .

None

Acceptances executed by or for ac-

count of this bank and outatand-

inl........................... .

None

Otber liabilities.................. .

47,170.40

~:;!f:!. :: :::::::::::::::::::::::

100,000.00 150,000.00

Undivided profita................. .

38,01.~.77

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

None

Total Liabilities.............. S 4,206,518.89

38

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

COLUMBUS BANK AND TRUST COMPANY Columbus, Ga.

As called for by the Superintendent of Banks

JAS. W. BLANCHARD, President.
Date of Charter: 12-24-1888

H. C. GOETTING, Cashier.
Began Business: 4-1-1889

ASSETS

Cub, balancee with other ballka, in-

clwli~ reserve balancee, and caah

itema 1n proeeaa of collection...... I 7,538,792.93

United Statee Government obliga-

tiODS, direct and guaranteed ..... . 8,574,320.05

Oblip~~ of Statea and political

eubdivtatona . .................. . 2,386,769.14

Other bonds, notee, and debentures..

15,005.00

Co_!POrate atocka (includinc stock of

Fe:leral Reserve Bank) .......... .

110,500.00

Loans and diacounte (including over-

drafts) ....................... .. 21,675,886.91

Bailk premiaea owned, furniture and

fi:o:turea..................... 1,465,069.49

Real estate owned other than bank

premiaea.......................

None

Investments and other aaaete indi-

rectly representing bank premiaea

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

None

Customers' liability to thia bank on

Ot==~-~~~~~.. :::::::::

None 377,931.62

Total Aaaete .................. 1 42,144,275.14

LIABILITIES

Demand deposita..................1 19,159,633.48

Time depoa1te.. . .. .. . . .. . .. .. .. .. . 9, 804,234.04

Deposita of U. S. Government. . . . . .
De~VI8i~0a-_o_f_ ~tat.e.e. ~~ ~~~i~~l- .u.b-_
Deposita of ballka.................

729, 111 .32 5,956,977.42 1,074,715.48

Other deposita (certified and ollicera'

checks, etc.) ................... . Billa payable..................... . Acceptances e"ecuted by or for ac-

138,018.98 None

count of thie bank and outstand-

O tihnegr.l.ia.b. ilitiea.. . . . . . . . . . . . . . . . .. Capital. ......................... . Surplua......................... . Undivided profits................. . Reserves ........................ .

None 1,076. 744.25 1,500,000.00 2.000,000.00
604,034.86 100,805.31

Total Liabilities.............. I 42.144,275.14

STATEMENT

Showing condition at the elose of business December 31, 1961, of

TRUST COMPANY OF COLUMBUS Columbus, Ga.

As called for by the Superintendent of Banks

F. G. LUMPKIN, JR. President.
Date of Charter: 3-19-1954

H. L. GEORGE, Treasurer.
Began Business: 3-19-1954

ASSETS Cub, balancee with other banks, in-
cludi~ reserve balances, and cash itema 1n proeeaa of collection. . . . . I United States Government obligatiODS, direct and guaranteed ..... . Obliga~i~n~ of Statea and political subdiVISions ................... . Other bonds, notee, and debenture&.. Corporate atocka (including stock of Federal Reserve Bank) .......... . Loaoa and discounts (including overdraft&) ........................ . Bank premise& owned, furniture and filtturea ........................ . Real estate owned other than bank premiaea....................... . Investment& and other aaaeta indirectly representing bank premiaea or other real estate............. . Customers' liability to this bank on acceptances out&tanding ......... . Other Aaaeta..................... .
Total Aaaeta ................. I

48,1111.16 None
52,756.83 None
1,510.46 879,053.40
1,645.85 131,861.06
2,000.00 None
4,800.55 1,121,819.31

LIABILITIES Demand deposita..................S Time depoa1te.................... . Deposita of U.S. Government ..... .
DeJl~~:n~f- ~~~~O:S. ~~~- ~-l~t-i~~~ ~~~
DejlOIIita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances eltecuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~~pit~!:..:: :: :::::::: ::: ::: ::: :::
un':nvided profits................. . Reserves ........................ .

None 408,810.97
None None None None None
None 176,696.06 100,000.00 200,000.00 236,312.28
None

Total Liabilities.............. I 1,121,819.31

FORTY-SECOND ANNUAL REPORT

39

STATEMENT Showing condition at the c:lose of business December 31, 1961, of

MERCHANTS AND J:t'ARMERS BANK OF COMER

Comer, Ga.

As called for by the Superintendent of Banks

JOHN H. TERRELL, JR. President.
Date of Charter: 10-3-1935

MRS. M. B. BOOTH, Cashier.
Began Business: 10-10-1935

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in proceaa of collection...... I United States Government obliga. tiona, direct and guaranteed ..... . Obliga~i~n~ of States and political aubdtvtstona................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fi.J:turea........................ . Real estate owned other than bank premiaea....................... . Investments and other assets indi-
:"!tf.e~erer:r:::!':. ~- -~r~~~
Customers' liability to this bank on acceptances outstanding......... .
Other Aaaeta..................... . Total Aaaeta .................. I

220,644.15 760,601.19
56,428.58 None None
399,114.41 6,390.10 None
None None 902.11 1 , 444 ,080 .54

LIABILITIES Demand deposita................. I Time deposita.................... . Deposita of U.S. Government..... .
D':fi~~!t~~f. ~~~~. ~~~- ~-l~t.i~~ ~~~
Deposita of banks ................ . Other deposita (certified and officers'
cheeks, etc.) ................... . Billa payable..................... . Acceptanres el<ecuted by or for ac-
count of this bank and outstandO tihnegr.l.i a. b. .i l iti es . . . . . . . . ........... Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

883,561.60 255,361.77
10,069.63 119,401.73
None 2,190.81
None
None None 50,000.00 25,000.00 98,495.00 None

Total Liabilities.............. I 1,444,080.54

STATEMENT

Showing condition at the c:lose of business December 31, 1961, of

NORTHEASTERN BANKING COMPANY Commerce, Ga.

As called for by the Superintendent of Banks

R. M. DAVISON, President.
Date of Charter: 8-25-1891

Wm. N. HARBER, Cashier.
Began Business: 1892

ASSETS Cash, balanc.es with other banks, in-
cluding reserve balances, and cash items in proeeBB of collection...... $ United States Government obliga. tiona, direct and guaranteed ..... . Obliga~io.n~ of Stat"" and political eubdiV18IOna ................... . Other bonds, notes, and debentures.. Corporate stocks (including atoek of Federal 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 A88eta..................... .
Total Aaaeta .................. I

722,540.45 712,301.43
4,000.00 None
3,000.00 937,900.24
16,512.45 2,500.00
None None None 2,398,754.57

LIABILITIES Demand deposita.................. S Time deposita.................... . Deposits of U.S. Government ..... .
D':fi~!~n~f. ~~~- ~~~- ~~~t~~~~- ~~~
Deposits of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
::::::::::::::::::::::::: Other liabilities.................. .
~:r~r:!.
Undivided profits................. . Reserves ........................ .

1,375,183.81 563,520.29 15,357.27 238,508.79 None 8,634.63 None
None 2,400.00 50,000.00 50,000.00 M.813.78 10,336.00

Total Liabilities.............. I 2,398,754.57

40

DEPARTMENT OF BANKING

~TATEMENT
Showing condition at the close of business December 31, 1961, 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-
cludilljl reserve balancea, and cash items 10 process of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~i~n~ of States and political
8Ubd.iV1810DB . .. , .... , ....
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ...... .. Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets. . . . . . . . . . . . . . . . . 1

219,791.20 200,000.00
2,379.28 104,687.50
None 59,916.07
1,596.40 1.00
None None None 588.371.45

LIABILITIES Demand depoeita................. 1 Time depos1ta.................... . Deposita of U.S. Government ..... .
D~!~~.:f. ~~~~s. ~~~. ~_l~t.i~~ ~~~
Dej)OIIits of banks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
checks, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities ................. ..
~:r.!f!!....::::::::::::::::::::::::
Undivided profits................ .. Reserves ........................ .

369,203.14 126,485.15
5,739.38 39,593.65
None 375.00
None
None None 25,000.00 15,000.00 6,975.13 None

Total Liabilities.............. 1 588,371.4/i

STATEMENT Showing condition at the elose of business December 31, 1961, of

BANK OF ROCKDALE Conyers, Ga.

As called for by the Superintendent of Banks

J.P. CULPEPPER, JR., President.
Date of Charter: 10-15-1891

M. H. IVEY, Cashier.
Began Business: 6-1901

ASSETS Cash, balances with other banks, in-
cludilljl reserve balances, and cash items 1n process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political
SUbdiVISIOns ........
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets.................... ..

608,347.71 1,343,459.08
427,735.32 425,375.00
None 1,231,764.06
35,120.74 None
None Non(" 125.63

Total Assets .................. I 4 ,071 ,927. M

LIABILITIES Demand deposita................. I Time deposita.................... . Deposita of U. S. Government ..... . DeJ!OI!i~a of States and political eub-
diviatona ...................... . Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable.................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. . Capital.......................... . Surplus......................... . Undivided profits................ .. Reserves ........................ .

2,208,390.97 811,328.74 84,358.80 568,948.67 None None None
None 27,000.00 160,000.00 100,000.00 111,900.36
None

Total Liabilities.............. I 4,071,927.54

FORTY-SECOND ANNUAL REPORT

41

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS & MERCHANTS BANK OF COOLIDGE Coolidge, Ga.

As called for by the Superintendent of Banks

MICHEL DELOACH, President.
Date of Charter: 12-18-1911

W. C. GIBSON,
Cashier. Began Business: 11-20-1911

ASSETS Caah, balances with other banks, in-
cludin!l reserve balances, and cash items 1n procesa of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political aubdivl8tons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fi1tturea ........................ . 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 Aaaets ................. S

94,211.70 338,261.25
None 114,825.00
None 380,696.91
1,000.90 None
None None 875.62 929,871.38

LIABILITIES Demand deposits.................. S Time deposits.................... . Deposits of U.S. Government ..... .
De.Wv'l~t~n~f. ~~~~s. ~~~- ~~~t~~~l. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
rhecks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Sur11lus . . . . . . . . . . . . . . . . . . . . . . . . . . Undivided profits................. . Reserves ........................ .

520,735.85 191,455.29
5,862.19 110,684.38
5,018.25 1,142.75
None
None None 25,000.00 60,000.00 None 9,972.67

Total Liabilities.............. S 929,871.38

STATEMENT

Showing condition at the close of business December 31, 1961, 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 Caah, balances with other banks, in-
cludin!l reserve balances, and cash items 1n proceas of collection ...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~n~ of States and political
8UbdlVI810D8 ..
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ....... Loans and discounts (including over-
drafts) ........................ . Bank premise& owned, furniture and
finurea........................ . Real estate owned other than bank
premises............... .... Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1,291,9211.8S 1,083,157.36
None 300,000.00
None 1,552,339.43
35,218.83 None
2S,065.00 None None

Total Assets ................. S 4,287,710.47

LIABILITIES Demand deposits..................S Time deposits.................... . Deposits of U.S. Government ..... . De~i!s of States and political aub-
divistona ..................... Dej)OIIits of banks ................ . Other deposits (certified and officers'
che<'ks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~::;:t~!.::: :::::: :::: :::::: :::: ::
Undivided profits................. . Reserves........................ .

3.197,041.56 M2,02S.19 9,700.04
200.6.53. 22 None
40,653.34 None
None None 100,000.00 100,000.00 73,102.96 14,534.16

Total Liabilities.............. S 4,287,710.47

42

DEPARTMENT OF BANKING

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

STATEMENT

Showing condition at the close of business December 31, 1961, 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 Businesr.: 1-3-1939

ASSETS Cash, balances with other banks, in-
cludinJ reserve balances, and caah items m proceBB of collection......S United StaU'a Government obligationa, direct and guaranteed ..... .
o~~y:~Ton~f. -~~~. ~~. ~~i~~".":I
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loana and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other 888ela indi-
~';"!~te~f:.T.!:!~:. ~~- -~r~~~
Customers' liability to this bank on acceptances outstanding......... .
Other Aaaete..................... .

1,238,891.12 1,153,233.14
347,072.38 None None
1,889,405.83 45,935.01 None
None None 3,200.00

Total Aaaeta ................. S 4,677, 737.48

LIABILITIES Demand deposita................. S Time depos1te.................... . Deposita of U. B. Government ..... . DeJ!O!i~ of States and political eub-
diviatona ...................... . Deposita of banks................ . Other deposits (certified and officers'
checks, etc.) .................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus......................... . Undivided profits................. . Reserves ........................ .

2,652,975.36 893,580.69 76,513.84 449,120.44 138,294.87 29,168.23 None
None None 125,000.00 75,000.00 117,940.81 120,143.24

Total Liabilities............... S 4,677, 737.48

STATEMENT Showing condition at the close of business December 31, 1961, of

CORNELIA BANK Comella. Ga.

As called for by the Superintendent of Banks

C. C. KIMSEY, President.
Date of Charter: 7-3-1900

C. C. KIMSEY, JR., Cashier.
Began Business: 8-4-1900

ASSETS Cash, balances with other banks, in-
cludinJ reserve balances, and cub items 1n proceBB of collection...... S United States Government obligationa, direct and guaranteed ..... . Ob)iga~io_n~ of States and political aubdiVl8tona . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loana and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank r premises....................... . Investments and other 888ete indirectly representing bank premiaee or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other ABBete..................... .

1,143,981.42 2,594,045.55
379,824.90 70,000.00 None
1,476,343.39 33,200.00 3.00
None 4,256.00
None

Total Aaaete .................. S 5 701 654 . 26

LIABILITIES Demand deposita.................S Time depositS.................... . Deposita of U. B. Government . . . . . . Denosi~ of States and political eub-
diviatone ...................... . Deposita of banks ................ Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... .
::: :: :::::: :: :: :::: :: :: :: Other liabilities ..................
~:;~!.
Undivided profits................. . Reserves .......................

2,778,662.62 1,825,898.35
101,018.19 406,650.34 84,390.46
15,791.38 None
4,256.00 57,859.14 100,000.00 200,000.00 127,127.78
None

Total Liabilities.............. S 5,701,654.26

FORTY-SECOND ANNUAL REPORT

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE BANK OF COVINGTON Covington, Ga.

As called for by the Superintendent of Banks

R. R. FOWLER, President.
Date of Charter: 4-10-1901

J. B. WEAVER,
Cashier.
Began Business: 4-10-1901

ASSETS Cash, balancea with other hanka, in-
cludi~ reserve balancea, and caah itema 1n proceaa of collection......$ United States Government obligation&, direct and guaranteed ..... . Obliga~i~n~ of States and pclitical aubdivaaaona ................... . Other honda, notes, and debenture&.. Corpcrate atocka (including stock of Federal Reserve Bank) .......... . Loans and diacounta (including over(lrafta) ........................ . Bank premiaea owned, furniture and fixtures ........................ . Real estate owned other than bank premiaea..................... . Inyt!&tmenta and other aaseta indirectly representing bank premiaea or other real estate .. _. .......... . Cuatomera' liability to this bank on acceptances outatanding......... . Other .Aaaeta..................... .

1,619,805.45 1,825,668.32
494,666.12 None None
2,430,609.04 26,256.07 None
None None 59,755.32

Total Asaeta.. .. .. .. . .. .. .. .. $ 6, 456,760.32

LIABILITIES Demand deposita................. $ Time liepoa1ta.................... . Depoaits of U.S. Government..... . De~~ of States and political sub-
diviBlOilll . ..................... .
J:}ej)OIIits of banks ................ . Other depoaits (certified and oflicera'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatanding........................... . Other liabilities .................. .
~:r;e!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

3,703,387.48 1,490,628.24
62,264.97 506,078.88
None 17,951.39
None
None 96,190.96 100,000.00 400,000.00 80,258.40
None

Total Liabilities.............. $ 6,456,760.32

STATEMENT Showing condition at the close of business December 31, 1961, of

THE COMMERCIAL BANK Crawford, Ga.

As called for by 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-
clu~ reserve balances, and caah items 1n procese of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~~ll!' of States and pclitical subdvaatons . .................. . Other honda, notes, and debentures.. Corpcrate stocks (including stock of Federal Reserve Bank) .......... . Loana and diacounta (including overdraft&) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estate owned other than bank premises....................... . Investment& and other aaaeta indi-
~~c!~lJ.e~e~::r'~~~~. ~~~- ~-r~~~
Cuatomera' liability to thia bank on acceptances outstanding......... .
Other .Asaeta.................... .

391,846.79 540,843.76
41,714.81 50,000.00
None 533,863.78
21,000.00 3,400.00
None None 679.77

Total Asaeta. . . . . . . . . . . . . . . . . $ 1. 583,348. 91

LIABILITIES Demand deposits.................. $ Time depoats.................... . Depoaits of U.S. Government..... . De~! of States and pclitical sub-
diviaona ...................... . Deposita of banks ................ . Other depcsita (certified and officers'
checks, etc.) ................... . Billa payable.: ................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:~:!.::: :: ::::: :: ::: ::: :: :::: :
Undivided profits................. . Reserves ........................ .

767,466.74 602,283.28
5,981.35 83,098.39
None 4,380.51
None
Non" None 50,000.00 50,000.00 20,138.64 None

Total Liabilities.............. $ 1,583,348. 91

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE PEOPLES BANK Crawfordville, Ga.

As c:alled for by the Superintendent of Banks

G. E. WILLIAMS, President.
Date of Charter: 12-8-1947

E. W. REYNOLDS,. Cashier.
Began Business: 1-2-1948

ASSETS

Cub, balances with other banks, in-

cludin!J reaerve balances, and cash

items m proceaa of collection ...... S 317,532.60

United States Government oblip.

tiona, direct and guaranteed ..... .

403,170.15

o~~ri;~i:to:i. -~~~. ~~~. ~~~~".".1

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loana and diaoounta (including over-

drafts) ........................ .

530,380.32

Bank premises owned, furniture and

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

20,146.98

Real estate owned other than bank

premiaea....................... .

None

Investments and othe< aaaeta indi-

rectly representing bank premiaea

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

None

Customers' liability to this bank on

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

None

- - - - - Other Aaaeta..................... .

NonP

Total Aaaeta .................. S 1 , 271 , 230 .05

LIABILITIES Demand deposita................. S Time depos1ta...... : . .......... . Deposita of U.S. Government ..... . DeJ!O!i~ of States and political aub-
diviatona ...................... . DejlOIIita of banks ................ . Other deposita (certified and officers'
cheeks, etc.) ................... : Billa payable......... ............ . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:r.!t:!:::::::: ::: :::::::::: :::::
Undivided profits................. . Reserves....................... ..

372,339.98 732,876.17
547.87 73,572.22
None 1,092.18
None
None None 25,000.00 52,000.00 13,801.63 None

Total Liabilities.............. S 1,271,230.05

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF CUMMING Cumming, Ga.

As c:alled for by the Superintendent of Banks

ROY P. OTWELL, SR. President.
Date of Charter: 10-11-1904

WILLIAM CHAMBLEE, Cashier.
Began Business: 10-19-1904

ASSETS Cub, balances with other banks, in-
cludin!J reaerve balances, and cash items 1n proceaa of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i<>;n~ of States and political
8UbdiV1810D8 . ... , ........
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loana and discounts (including over-
drafts) ........................ . Bank premiaea owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

1,023,582.00 1,762,619.12
37,102.24 180,212.50
None 1,202,990.96
20,623.97 1.00
No.ne None None

Total Aaaeta .................. S 4,227,131.79

LIABILITIES Demand deposita................. I Time depos1ts.................... . Deposits of U.S. Government ..... .
D~!~n~f. ~~~~- ~~ :".".l~t.i~~ ~~~
Deposits of banks................ . Other deposita (certified and officers'
ebe~ks. etc.) ................... . Bills payable..................... . Aeeeptane~s executed by or for ac-
count of this bank and outstanding........................... .
::::::::::::::::::::::::: Other liabilities.................. .
~:r~r:!.
Undivided profits................. . Reserves ........................ .

2,095,175.72 1,256,038.61
30,329.81 418,620.46
None 11,325.94
None
None None 100,000.00 250,000.00 65,641.25 None

Total Liabilities. . . . . . . . . . . . . . S 4, 227, 131. 79

--------=F=-0=--R=TY-SECOND ANNUAL REPORT

45

STATEMENT

Showing condition at the close of business December 31, 1961, of

CITIZENS BANK Cuthbert, Ga.

As called for by the Superintendent of Banks

C. 0. JOHNSON, President.
Date of Charter: 2-7-1938

G. F. SEALY, Cashier.
Began Business: 3-1-1938

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ...... I 553,399.71

United States Government obliga-

tions, direct and guaranteed ..... .

979,370.72

o~~f,'d\~i~ron"'. -~~-t~~. ~~~- .~~~i~~c_a_l 137,195.87

Other bonds, notes, and debentures..

169,891.50

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . 1,055,234.40

Bank premises owned, furniture and

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

18,866.77

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

43.02

Total Assets ................. I 2,914,001.99

LIABILITIES Demand deposits.................. I Time deposits.................... . Deposits of U.S. Government ..... .
D~!t~n~f. ~~~~~s. ~~~- ~-l~t.i~~~- ~~~
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 .................. .
~:r;t:!. :: :::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,789,944.42 350,958.45 114,469.14 311,609.21
~.000.00
15,487.92 None
None 3,325.96 125,000.00 75,000.00 98,206.89 10,000.00

Total Liabilities.............. I 2,914,001.99

STATEMENT

Showing condition at the close of business December 31, 1961, of
BANK OF DAHLONEGA Dahlonega, Ga.

As called for by the Superintendent of Banks

J. F. SANDERS, President.
Date of Charter: 5-27-1914

ROBERT T. BROWN, Cashier.
Began Business: 5-27-1914

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
subd1v18JOD8 . .............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
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 ................. I

520,666.21 667,299.63
65,085.93 474,062.50
None 1,054,599.47
4, 709.09 19,250.00
None None None 2,805,672.83

LIABILITIES Demand deposits................. I Time depos1ts.................... . Deposits of U.S. Government..... .
D'jl~T!!~n~~ ~~~~~- ~~~ ~~~~i~~~ ~~~
Deposits of banks................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptanres executed by or for ac-
count of this bank and outstanding ........................... . Oth~r liabilities .................. . Capital.. ........................ . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,284,057.51 512,563.05 34,962.06 710,119.94 None 2,806.89 None
None None 50,000.00 100,000.00 111,163.38 None

Total Liabilities.......... 1 2, 805,672.83

46

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, 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-

cludinll reserve balances, and cash

items 1n proceaa of collection ...... S 915,126.26

United States Government obliga-

tiona, direct and guaranteed ..... . 1,222,750.18

Ob:!f!J\~i:.~o::..~~~. ~~~ .~~i~~~l 183,465.21

Other bonds, notes, and debentures..

1.00

Corporate stocks (including stock of

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

None

Loana and discounts (including over-

drafts) ........................ . 2,230,471.63

Bank premises owned, furniture and

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

120,258.21

Real estate owned other than bank

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

None

Investments and other aaaeta indi-

rectly representing bank premises

or othl!r real estate ............. .

None

Customers' liability to this bank on

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

None

- - - - - Other Aaaeta..................... .

314.23

Total Aaaeta . . . . . . . . . . . . . . . . . S 4 ,672,386 .72

LIABILITIES Demand deJlOIIitB................. S Time depos1ta.................... . Deposita of U. S Government ..... .
D~!~~n~f. ~~~~. ~~~. ~.l~t.i~~l. ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~::;!f:!.::: ::::: :: :: :: ::: :: :::: ::
Undivided profits................. . Reserves........................ .

1,993,196.03 1,283,632.14
145,958.04
614,819.68 None
14,531.96 None
None 117,588.57 100,000.00 200,000.00 148,302.28 54,358.02

Total Liabilities............. S 4,672,386.72

STATEMENT

Showing condition at the close of business December 31, 1961, of

HARDWICK BANK & TRUST COMPANY Dalton, Ga.

As called for by the Superintendent of Banks

F. L. WILLIAMSON,

A. J. SECORD,

President. Date of Charter: 2-17-1922

Cashier. Began Business: 2-20-1922

ASSETS Cash, balances with other banks, in-
cluding reserve balalicee, and cash items in proceaa of collection...... S United States Government obligationa, direct and guaranteed ..... . Obliga~i~n~ of States and political
8UbdiV1810D8 . .............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

2,421,659.28 2,817,081.06
529,.532.83 4,000.00 1.00
4,558,995.94 138,036.59 None
None None Nom'!

Total Aaaeta . . . . . . . . . . . . . . . . . S I0, 469 ,306 .70

LIABILITIES Demand deposita................. S Time depoa1ts.................... . Deposits of U.S. Government ..... .
D':fi~!tn~f. s~~~~. ~~~. ~.l~t.i~~l. ~~~
Deposita of banks ................ Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~~:;!t:!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

5,604,418.8.'J 3,062 ,471. 57
523,933.73
365,389.99 None
102,659.99 Non"
None 107,311.07 200,000.00 400,000.00 53,121.52
None

Total Liabilities............. S 10,469,306.70

FORTY-SECOND ANNUAL REPORT

47

STATEMENT Showing condition at the close of business December 31, 1961, 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...... S United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
BUbdiVI810D8 , .....
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectlv representing bank premises or other real estate ............. . Cuatomera' liability to thia bank on acceptancea outstanding........ . Other Asaets.................... .

:l00,589.19 684,163.00
52,194.06 249,250.00
None 299,856.29
17,260.69 None
None None None

Total Assets ................. S 1,593,313.23

LIABILITIES Demand deposita................. S Time deposita.................... . Deposits of U. S. Government ..... .
D';Wvi!J~n~f. ~~ates. ~~ ~I~t.i~~~ ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. . Capital. ......................... . SurJ>Ius ......................... . Undivided profita................. . Reserves ........................ .

911,222.87 286,187.19
993.75 211,585.40
None 3,157.63
None
None 3,755.00 35,000.00 50,000.00 91,411.39
None

Total Liabilities.............. S 1,593,313.23

STATEMENT Showing condition at the close of business December 31, 1961, of

THE DARIEN BANK Darien, Ga.

As called for by the Superintendent of Banks

EDWARD R. GRAY, JR., President.
Date of Charter: 12-8-1888

P. E. CLARK, JR., Cashier.
Began Business: 1-24-1889

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 ..... .
O~~f:'Jf~!lono:. -~t~~~~. ~nd. -~~Htir~I
Other bonds, notes, and deh~ntures .. Corporate stocks (including stork of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premise-s O\\-ned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly repr~nting bank premises or other real ~state ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

284,319.93 814,294.76 130,498.49
None None 786,473.75 40,000.00 None
None None None

Total Asaets . . . . . . . . . . . . . . . . . S 2, 055, 586. 93

J.IABILITIES Demand deposits................. S Time dPpos1ts .................... . Deposits of L'. S. Government ..... . D'Ji~\'!\~n~f States. and_ .politi~~I s~~
D~posi t s of banks ................ . Other dPposits (Prtified and officers'
rherks, ptr.) ................... . Bills payable..................... . Acccptan<"es excc-utt>d by or for ac-
count of this bank and outstanding .......................... . Othr liahilitirs .................. . Capital.... . .................. . Rurplus ......................... . llndivided profits............ . Rrsrrv1s ................. .

802,219.20 720,34.3.63
22,583.57 286,558.89
None 16,850.95
None
None 55,208.21 50,000.00 50,000.00 64,822.48
None

Total Liabilities.............. S 2,055,586.93

48

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the dose of business December 31, 1961, of

BANK OF DAWSON Dawson, Ga.

Aa ealled for b:y the Superintendent of Banks

ROGERS LOCKE, President.
Date of Charter: 6-29-1911

JACK EDWARDS, Cashier.
Began Business: 7-1-1911

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cash iteDlB in process of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~o~~ of States and political
aulKliVl8JODB ...... , .. ,
Other bonds, notes, and debentures.. CorP<>rate stocks (including etock of
Federal Reserve Bank) .......... .
Loans and discounts (includina over-
drafte) ....................... Bank premises owned, furniture and
fixturee ................ ...... Real estate owned other than bank
premisee............... ...... Investments and other assets indi-
:"!3'.e~f:~:::. ~- -~r~~
Cuetomero' liability to this bank on acceptances outstanding......... .
Other Assets.................... .
Tota!Assets................. I

1,315,668.60 1,559,503.52
463,230.31 432,750.00
None 1,388,964.53
20,096.61 None
!Ifone None None 5,180,213.57

LIABILITIES Demand deposits.. .. .. .. .. . .. . .. . I Time depoo1ts .................... . Depooits of U. 8. Government ..... . De~~ of States and political sub-
divisions...................... .
&rJ::!.tt~'t!riili..d ;.;.d iifi;~ cheeks, etc.) .................. .. Billa payable..................... Acceptances ezecuted by or for ac-
count of thia blrollk and outstandinc ........................... . Other liabilities .................. .
~1:!.::::::: ::::::::::::::::::
Undivided profits................. Reserves ........................ .

1, 957,389.93 2,048,372.29
25,810.89
703,436.78 29,465.24
5,144.75 None
None None 100,000.00 275,000.00 35,593.69 None

Total Liabilities.............. I 5,180,213.57

STATEMENT

Showing condition at the dose of business December 31, 1961, of

BANK OF TERRELL Dawson, Ga.

As called for b:y 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
cludinf! reserve balances, and cash items m process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i'\n~ of States and politiral aubchvtstons ................... . Other bonds, notes, and debentures .. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including over drafts) ........................ . Bank premises owned, furniture and fiztures........................ . 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..................... .

1,312,535.14 2,048,582. 40
211,689.40 357,312.50
None 1,884,591.58
23,729.23 None
Non(_ None Nonr

Total ABBets .................. I 5, 838,440. 2.~

Demand

deposits

.

LIABILITIES ...............

.

.

s

Time depoella.................... .

Depooita of U. 8. Government ..... .

De~~~":. ~~~e_a_ ~~~- ~~~t~~~- ~~~

De_posits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable.................... .. Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:r~f~!-.::: ::::::::::: ::::::: ::::

Undivided profits................. . Reserves ........................ .

2.319,214.94 2,381,881.11
40,306.63
5&~.973.32
131,489.80
12,397.98 None
None None 100.000.00 200.000.00 67.176.47 None

Total Liabilities.............. S 5,838,440.25

FORTY-SECOND ANNUAL REPORT

49

STATEMENT

Showing condition at the close of business December 31, 1961, of

DAWSON COUNTY BANK Dawsonville, Ga.

As called for by the Superintendent of Banks

H. G. VANDIVIERE, President.
Date of Charter: 7-1-1953

JOHN V. STILLER, Cashier.
Began Business: 7-13-1953

ASSETS Cuh, balances with other banks, in-
cludinjl reserve balances, and caah items tn proceae of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~(\D~ of States and political
IUbd.iVIBIODB . .............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and diacounta (including over-
drafts) ........................ . Bank premiaee owned, furniture and
fizturee ........................ . Real estate owned other than bank
premiaee.................. . Investments and other aeaets indi-
:-;etJte~ere;e~~~- ~- ~-r~~~
Customers' liability to this bank on acceptances outstanding......... .
Other Aaaeta..................... .

216,844.34 193,850.94 95,824.71 239,998.34
None 369,234.32
13,143.91 None
None None 1,402.44

Total Aaaeta ................. S 1,130,299.00

LIABILITIES Demand deposita..................S Time depostls.................... . Deposita of U. S. Government ..... .
D'rvt!l:n~f. ~~~~':". ~~~- ~-J~t.i~J. ~~~
Deposita of banks................ . Otlier deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~~~~~!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

453,195.70 357,808.69
4,865.95 176,633.52 10,000.00
2,882.95 None
None None 25,000.00 25,000.00 64,912.19 10,000.00

Total Liabilities.............. S I, 130,299.00

STATEMENT Showing condition at the close of business December 31, 1961, of

THE CITIZENS AND SOUTHERN EMORY BANK Decatur, Georgia

As called for by the Superintendent of Banks

GEO. R. McKINNON, President.
Date of Charter: 12-11-1950

JOHN M. HILSMAN, JR., Cashier.
Began Business: 4-16-1951

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and caah items in proceaa of collection......S United States Government obligations, direct and guaranteed ..... .
O~J~\~~o:1. -~~~. ~~~- .~~i~i-~.1
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
6xturee........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

1,096,909.86 2,487,915.06
379,758.37 295,000.00
3,.soo.oo
3,185,973.39 52,082.69 None
75,000.00 None
25,231.76

Total Aaaeta .................. S 7,601,371.13

LIABILITIES Demand deposita................. S Time deposits.................... . Deposita of U.S. Government..... . DeJ!O!i!" of States and political aub-
diviaJons ...................... . Deposita of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~~r~f~!::::::::::::::::::::::::::
Undivided pro6ta................. . Reserves ........................ .

4,371 ,45.5.46 1,978,&S9.88
58,478.58 2&S, 13S.20
None 10,423.83
None
None 333,708.08 250,000.00 200,000.00 M,472.41 59,837.69

Total Liabilities.............. S 7,601,371.13

50

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close ot business December 31, 1961, of

TONEY BROTHERS BANK Doeru~ Ga.

As ealled 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 Cub, balances with other banka, in-
cluding reaerve balances, and caeh itema in proceaa of collection ...... $ United Statea Government obligation&, direct and guaranteed ..... . Obliga~i~~ of Statea and political aubdiVl8toua . .................. . Other honda, notea, and debenturea.. Corporate atocka (including atock of Federal Reserve Bank) .......... . Loana and diacounta (including overdraft&) ........................ . Bank premiaea owned, furniture and fizturea........................ . Real eatate owned other than bank premiaea....................... . Inveatmenta and other aueta indirectly repreaenting bank premiaea or other real estate............. . Cuetomers' liability to this bank on acceptance& outatanding......... . Other Aaeeta..................... .

646,078.13 148,892.40
None None Non<' 836,847.77 1,953.00 None
None None None

Total Aaeeta ................. S 1,633,771.30

LIABILITIES Demand deposita.................. $ Time depostts.................... . Deposita of U. S. Government . . . . . .
neJl~T!~~n~f. ~~~~-:-. ~~~. ~.~~t.i~~~ ~~~
Deposits of hanks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatanding........................... .
::: ::::::: ::::::::::::::: Other liabilities.................. .
~:r~f:!.
Undivided profits................. . Reserves ........................ .

905,287.23 366,635.14
1,245.00 136,307.00 60,203.04
4,406.13 None
None None 25,000.00 100,000.00 29,687.76 5,000.00

Total I.inbilitiea........ .

s 1,633,771.30

STATEMENT

Showing condition at the close of business December 31, 1961, of

COMMERCIAL STATE BANK Donalsonville, Ga.

As called for by the Superintendent of Banks

W. H. VAN LANDINGHAM, President.

ELLEN G. SPIER, Acting Cashier.

Date of Charter: 10-21-1938

Began Business: 12-16-1938

ASSETS
Cuclbu,dbinaJlarnecaeesrvweibthaloanthceers,baanndkac, aienh-
itema m proceaa of collection ...... S United Statea Government obliga-
tiona, direct and auaranteed ..... . Obliga~o;a~ of Statea and politieal
IUbdiY18JOD8 . ..................
Other honda, notea, and debenturea.. Coroorate atocka (includinl atock of
F"ederal Reaerve Bank) .......... Loana and diacounta (includinl over-
draft&) ........................ . Bank premiaea owned, furniture and
fillturea........................ . Real estate owned other than bank
premisea...................... Investment& and other aueta indi-
rect)y repreaentinl bank premiaea or other teal eetate............. Cuetomers' liability to thi8 bank on acceptances outatandin1......... . Other .A.eta..................... .

1,137. 760.49 354,968.75 30,266.61 234,875.00 None 968,900.11 11,329.18 1,404.86
None None None

Total A.Mta.. .. .. .. .. .. .. .. . $ 2,739,505.00

LIABILITIES Demand deposita..................$ Time depostta.................... . Deposita of U.S. Government ..... .
De.c!l:n~~ ~~~ ~~. ~~~~i~ ~~
Dej)Oilita of banks ................ . Other deposita (certified and offiosra'
chet"ka, etc.) ................... . Bille payable..................... . Acceptances ezecuted by or for ac-
count of tbi8 bank and outatandiq........................... . Other Iiabilitiea.................. .
~t:!.:::: ::::::::::::::: ::::::
Undivided profit&................. . Reaervea ........................

1,254,285.51 625,098.91 23,944.33 306,388.68 245,562.93 38,455.94 None
None 17,915.64 50,000.00 75,000.00
102,&~3.06
None

Total wbilitiee.............. $ 2,739,505.00

FORTY-SECOND ANNUAL REPORT

51

STATEMENT

Showing condition at the close of business December 31, 1961, 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

A88ET8 Caah, balaocee with other baolra, in-
cludiDJ reserve balaocea, aod caah itema n proceaa of collection...... I United Statoe Government oblip.tiona, direct and guaraoteed . . . . . .
Ob~:.f;N:;!Ton":. -~~~. ~~- .J_"_'~i~~
Other bonda, notea, aad debeatures.. Corporate atocka (includina atock of
Federal Reserve Baok)........... Loana and diacounta (includina over-
drafts)......................... Baok premiaea owned, furniture and
fisturea..... . . . . . . . . . . . . . . . . . . . . Real estata owned other thao baolr
premiaea. .. . . . . . . . . . . . . . . . . . . . . . Investmenta and other -ta indi-
rectly repreaentina baok premiHa or other real estate.............. Cuatomera' liability to thia baolr on acceptancea outataodina.......... Other "-ta......................

513,989.35 1 ,069. 277 . 14
24 ,846. 1I None None
751.471.96 63,104.70 None
None None None

Total "-ta.............. . I 2,422,689.26

LIABILITIES Demaod deposita. . . . . . . . . . . . . . . . . I Tinle depoatta.................... . Deposita of U. 8. Government ..... .
~~~ ~~~ ~~ ~~~~ ~~ ~l:;!.;~'tc8riifieCi U.ii "Oi;.;,e;_;
checka, etc.) .................... . Billa payable..................... . Acceptances executed by or for ac-
count of thia baolr and outataodina........................... . Other liabilities.................. .
=.:::::::::::::::::::::::::
Undivided pro&ta................ Reaervea .......................

1,214,580.39 871,880.73 9,004.12 104,426.73 None 3,896.96 None
None Non<' 100,000.00 108,000.00 10,900.33 Non<'

Total Liabilities......... 1 2,422,689.26

STATEMENT Showing condition at the close of business December 31, 1961, 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

A!'SETS Cash. balanrrs with othrr bnnks, in-
cluding rrserve bnlanr<'s, and rnsh
items in prorrss of C"o11e<'t ion ...... S Unit<"d ~tat<"s Gm:('fi'Ill<'nt oblil!'a-
tions, clircrt and r;unrantrNl ..... . Obli~nt.io.n~ of Stairs nnd politirnl
suhrltvtstons ................... . OthPr bonds. notes. and drh<"nturt'fl .. Corporntr storks (i'lduclir>g stork of
Fcdrrul Rrs~ne Rank) .......... .
Loans nnd dis<-ounts (in<-1uding ov<'rdrRftsl .................. .
Bank pr<-mist"s own'<1, furnitur<' and fixtur('S .............. .
Rl'RI estnt~ owned other than bank prrmisrs....................... .
lnv(>stmrnts anci othe-r nss<'ff\ indi-
r<'("flv rrprf'sentine; hank prPmis<'s or othrr rrnl rstatP ............. . Custornf"rs' linhitit~ to this hank on arC'("ptnnr<'s outstandinS!......... . Othrr Assrts..................... .

601,103.99 3. 904.490.23
15,190.85 None None
1.152,466.48 52,131.34 None
None None None

Total Assrts .................. 1 5,725,382.89

UABILITIES Demand deposits................. I Tim(' d<>posits .................... . Drposits of l'. R Go\ernme-nt ..... . Drposits of 8tntcs and political sub-
dil'isions. _.................... . Deposits of banks ................ . Other deposits (certified and officers"
rhcrks, rl<.) ................... . Rills pnynble ..................... . A('reptnnrrs rxerutrd by or for ac-
count of this bank and outstandin~ ........................... . Othrr liabilities .................. . Capitnl. ......................... . 8urp1us ......................... . l'ndiddrd profits................. .
RPS('fVPS .. - . - .......

2,677,141.43 2,008, 171.13
68,801.48 416,338.44
92,910.06
1,519. 91 None
None None 100,000.00 100,000.00 48,616.69 211,883.75

Total I.iabilitirs.............. I 5,725,382.89

52

DEPARTMENT OF BANKING

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

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE FARI\IERS BANK Douglas, Ga.

As called for by the Superintendent of Banks

F. S. STUBBS, President.
Date of Charter: 5-22-1945

BETTY COURSON, 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 ..... . Obligat.io.n~ 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 ~state ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1 ,685 '169 .05 1,999,216.19
492,253.94 669,375.00
None 2,329,068.70
16,783.06 None
NonP NonP 18,2.50.21

Total Assets .................. $ 7 ,210,116.15

LIABILITIES Demand deposits.................. $ Time depostts.................... . Deposits of U.S. Government ..... . DeP.o~iJs of States and political sub-
divtsons ...................... . Deposits of tanks ................ . Other deposits (certified and officers'
oheoks, etc.) ................... . Bills payable................. .... . Acceptances Pxecuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities................... .
~:r;f~!.:::::::::::::::::::::::::
Undivided profits, ................ . Reserves ........................ .

3,529,90.~.30
2' 10.~. 702.06 58,246.30 698,931.86 260,658.68 17' 192.83 None
None 40,461.44 1.50,000.00 1.50,000.00 164,017.68 35,000.00

Total Liabilities.............. $ 7 ,210, 116.1.5

STATEMENT Showing condition at tne close of business December 31, 1961, of
THE CITIZENS BANK OF DOUGLASVILLE Douglasville, Ga.
As ealled for by the Superintendent of Banks

I. S. OWINGS, President.
Date of Charter: 8-11-1959

HOMER M. WOODS, Cashier.
Began Business: 5-9-1960

ASSETS Cash, balances with other banks, in-
cludi.._ reserve balances, and cash items 1n process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io~ of States and political aubdiVl810D8 ........ Other bonds, notes, and debentures.. Corporate stocks (including stock of Fedilral 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.................. $

4.50,199.91 103,056.34
None None None 775,160.88 62,494.99 None
None None None I ,390, 912. 12

LIABILITIES Demand deposita................. $ Time depostts.................... . Deposita of U.S. Government ..... .
D~i!t!n~f. ~~~~s. ~n~. ~.~~~.i~~~ ~~~
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 ........................ .

821,084.90 304,336.72
21 '782 .44
33,963.10 Nonf'
6,377.80 None
NonP
3.~0.00
100,000.00 70,000.00 33,017.16
None

Total Liabilities.............. $ 1,390,912.12

FORTY-SECOND ANNUAL REPORT

53

STATEMENT Showing condition at the close of business December 31, 1961, of

THE COMMERCIAL BANK Douglasville, Ga.

As called for by the Superintendent of Banks

RAYMOND L. LLOYD, President.
Date of Charter: 4-24-1942

E. W. SEARCY, Cashier.
Began Business: 5-1-1942

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and, cash items in process of collection......$ United States Government obligations, direct and guaranteed. . . . . . Obligat_io_n~ of States and political subdlVlSlOnS. . . . . . . . . . . . . . . . . . . . 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 indirectly representing bank premises or other real ~state. . . . . . . . . . . . . .
Customers' liability to this bank on a~ceptances outstanding..........
Other Assets. . . . . . . . . . . . . . . . . . . . . .

521,017.50 I ,694,534.66
16,180.28 20,()1l().00
None 650,0.S9.54
42.699. 77 None
None None 3, 344 .37

Total Assets ................. S 2, 947,836. 12

LIABILITIES Demand deposits.................. S Time deposits.................... . Deposits of U.S. Government ..... .
D1;~~!t~n~f ~t~t~s. ~~~- ~-o~~t~~~~- ~~~
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 ......................... . Undhided profits................. . Heserves........................ .

1,2!17. 728.60 652.693.15 21,257.59
722,529.89 None
10,850.54 None
None 20.107.64 100.000.00 50,000.00 72,668.71
None

Total Liabilities............... S 2, 947,836.12

STATEMENT Showing condition at the close of business December 31, 1961, of

CITIZENS AND 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 ..... . Obligat.io.n~ of States and political
BUbdJVJSIODS .....
Other bonds, notes, and debentures.. Corporate stocks (induding stock of
Federai Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ .
Bank premises owned, furniture and fixtures........................ .
Real estate owned other than bank premises....................... .
Investments and other assets indirectly representing bank premises or other rp.a) utate ............. .
Customers' liability to this bank on
Ott~~e~~~:~=~ ~~~.t~~~-i~~::::::::::

2.066.574.58 3,469,564.94
714,077 .II 50,000.00 4,500.00
3,923,504.37 135,328.65 None
None None 41,628.94

LIABILITIES Demand deposits..................S Time deposlls.................... . Deposits of U.S. Government ..... . DeJ?~i~s of States and political sub-
divJstons ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances necuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~::'~f~!. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

4,584.405.40 3,190,843.89
94,389.35
527,069.41 875,176.67
47,419.11 None
None 26.S,854.36 300.000.00 300,000.00 143.912.22 76,108.18

Total Assets .................. S 10,405,178.59

Total Liabilities.

.........s 10,405,178.59

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

54

DEPARTMENT OF BANKING

----------------~~~==~~-=~==~--------------~

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS & MERCHANTS BANK Dublin, Ga.

As eslled for by the Superintendent of Banks

L. P. KEEN, President.
Date of Charter; 5-26-1910

DON C. CRAFTON, Cashier.
Began Business: 7-6-1910

ASSETS Caah, balances with other banks, in-
cluding reserve balances, and cash items in process of collection......S United States Government obligations, direct and guaranteed ..... . Obliga~io.~ of States and political
8UbdlVI8lOD8 . ...... , .......... .
Other bonds, notes, and debentures.. Corporate st<X'ks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly reJ)resenting bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1,063,408.22 2,829,282. 75
30,000.00 250,000.00
None 1,339,293.22
25,075.69 None
None None 2,802.89

Total Assets................. S 5,539,862.77

LIABII.ITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U.S. Government ..... . DeP,~i!s of States and political sub-
divl8tona ...................... . 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 ........................

2,237,335.79
1,587,43.~.47
80,763.99 790,832.33 462,474.98 29,203.91
None
NonP 88,758.26 100,000.00 100,000.00 63,058.04
None

Total Liabilities............... S 5,539,862. 77

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE MORRIS STATE BANK Dublin, Ga.

As called for by the Superintendent of Banks

S. BARRON SMITH, President.
Date of Charter: 7-31-1958

THOMAS L. WALKER, Cashier.
Began Business 10-2-1958

ASSETS Caah, balances with other banks, in-
cludinjl reserve balan~es, and cash items an process of collection ...... S United States Government obligations, direct and guaranteed ..... .
o~~~~~Ton~f. -~~~. ~~- .~~i~i~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other aBBets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total ABBets ................. .s

761,956.93 578,861.00
None 114,843.75
None 987,936.08
10,297.65 None
None Nont" 1,027.84 2 ,454 ,923 .2.5

LIABILITIES Demand deposits ..................S Time depos1ts .................... . Deposits of U. S. Government ..... .
DTv~!!n~f. ~~~~s. ~~~- ~~t~~~ ~u":'
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . OthPr liabilities ................. .. Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

869,813.48 813,729.22
43,872.61 346,230.42 148,436.32
21,786.20 None
None 30,950.76 100,000.00 50,000.00 30,104.24
None

Total Liabilities.............. S 2,454,923.25

FORTY-SECOND ANNUAL REP-O--R-T--------------------5-5-

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF DUDLEY Dudley, Ga.

As called for by the Superintendent of Banks

RUBERT L. HOGAN, President.
Date of Charter: 10-2-1905

GLADSTONE JANSEN, Cashier.
Began Business: 11-1905

ASSETS Cash, balances with other banks, in-
cludilljl reserve balances, and cash items m process of collection...... $ United States Government obligations, direct and guaranteed. . . . . . Obliga~io~~ of States and p.>litical
SUbdiVISIOnS. .. .. .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts) .... ,.................... Bank premises owned, furniture and
fiJ<tures......................... Real estate owned other than bank
premises..... .. . . . . . . .. . . .. . . . .. Investments and other assets indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding... . . . . . . . Other Assets. . . . . . . . . . . . . . . . . . . . . .

732,944.39 818,319.35 204,161.28
None None 1,038,141.57 2.00 None
None None None

Total Assets .................. $ 2, 793,568.59

LIABILITIES Demand deposits.................. I Time depos1ts.................... . Deposits of U.S. Government ..... .
D':~!\~.!f. ~~~~~s. ~~~- ~.o.~~~l. ~~~
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.................. .
~::;::~!.
Undivided profits................. . Reserves ........................ .

888,805.64 832,400.42 49,313.93 583,564.23 116,202.34
6,147.99 None
None 22,154,40 50.000.00 150.000.00 60.160.92 34,818.72

Total Liabilities............... $ 2,793,568.59

STATEMENT Showing condition at the close of business December 31, 1961, of

THE BANK OF DULUTH Duluth, Ga.

As called for by the Superintendent of Banks

HAROLD J. KELLEY, President.
Date of Charter: 1-22-1945

J. LANIER HUNNICUTT, Cashier.
Began Business: 2-17-1945

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~io_o~ of ~tates and political aubd.avJstons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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..................... .

578,475.60 479,032.46
46,294.32 200.020.83
Non~
947,376.22 30,197.94
None
None None 13,316.12

Total Assets.................. $ 2 ,294, 713.49

LIABILITIES Demand deposits..................$ Time depos1ts.................... . Deposits of U.S. Government ..... . DeJ!~i~ of States and political sub-
divlBaons ...................... . 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.................. .
~~:;::~!.
Undivided profits................. . Reserves ........................ .

1,025,686.33 559,185.13 17,600.00 46.5. 943.26 None 4.80 None
None 57.180.83 50,000.00 70,800.00 48,313.14
None

Total Liabilities............... $ 2,294,713.49

56

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the elose of business December 31, 1961, of BANK OF EASTMAN Eastman, Ga.

As .ealled for by the Superintendent of Banks

W. L. JESSUP, JR., President.
Date of charter: 12-28-1918

RUSSELL S. HARRELL, Cashier.
Began Business: 1-2-1919

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

753,581.32 999,953. 13 219,502.22 500,000.00
None 1,047,631.44
35,000.00 1. 00
None None None

Total Assets. . . . . . . . ... . . . . . . . S 3 ,555 , 669. ll

LIABILITIES Demand deposits................. S Time deposits................... . Deposits of U.S. Government ..... . Del!"'!i!s of States and political sub-
dtvtstons ...................... . 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 ......................... . lTndivided profits................. . Reserves ........................ .

1,804,037.21 1,153,629.06
23,174.78 245,310.99
31,566.14 767.26 None
None None 120,000.00 100,000.00 77,183.67 None

Total Liabilities.............. S 3,555,669.11

STATEMENT

Showing condition at the elose of business December 31, 1961, of
CITIZENS CLEARING BANK Eastman, Ga.

As ealled for by the Superintendent of Banks

H. R. RAGAN, President.
Date of Charter: 3-12-1949

B. B. ECKLES, JR., Cashier.
Began Business: 4-1-1949

ASSETS Cash, balances with other banks, in-
citleumdisnma rpersoecrevaeaboaflacnoclleesc,tiaonnd..c.a.s.t>. s
UDited States Government obligations, direct and guaranteed..... .
Obliga~~ of States and political
8UbdiV1810n8 ..
Other bonds, notes, and debentures.. Co!])Orate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ .
Bank premises owned, furniture and
fi:rturea........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other .Aaaets..................... .

568,890.08 1,458,873.44
50,000.00 None None
1.232,670.15 26,306.24 None
None None None

Total Assets .................. S 3, 336 , 739. 91

Demand

LI deposits...

ABILITIES ..............

.

s

Time depos1ts.................... .

Deposits of U. 8. Government ..... .
~l:.:f. ~~~~~- ~~~- ~-~t~~~~ ~~~

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

Other deposita (certified and officers'

checks, ete.) ................... .

Bills payable.................... : .

Acceptances executed by or for ac-

count of this bank and outstanding........................... .

Other liabilities...................
~~;r:.-::::::::: ::::::::::::::::

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

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

1.688,517.34 893,172.20 68,076.07 227,874.28 158,743.27 100.00 None
None None 100,000.00 150,000.00 50,256.75 None

Total Liabilities.............. S 3 , 336,739 . 91

FORTY-SECOND ANNUAL REPORT

57

STATEMENT

Showing condition at the close of business December 31, 1961, of
BANK OF FULTON COUNTY East Point, Ga.

As called for by the Superintendent of Banks

W. RAY HOUSTON,

LEONARD L. LOWE,

President. Date of Charter: 3-22-1934

Cashier. Began Business: 4-2-1934

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection ...... I 1,234,482.01

United States Government obliga-

tions, direct and guaranteed ..... . 2,577,243.26

Obliga~i~n~ of States and political

subdJvtsJona . .................. .

908,890.82

Other bonds, notes, and debentures.. 1,848,877.09

Corporate stocks (including stock of

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

None

Loans and discounts {including over-

drafts) ........................ . 3,999,815.69

Bank premises owned, furniture and

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

231,617.59

Real estate owned other than bank

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

None

Investments and other aaeets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

acceptanres outstanding......... .

None

- - - - - OtherAaeets..................... .

103,305.86

Total ANeta.................$ 10,904,232.32

LIABILITIES Demand deposits..................$ Time depos1ts.................... . Deposits of U.S. Government ..... .
D':fi~!~n~f. ~~~~~- ~~~- ~-ol~t-i~l- ~~~
Deposits of banks ................ . Other deposits {certified and officers'
cheeks, etc.) ................... . Bills payable...... ............... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
::: ::: :::: :: :::::::: ::::: Other liabilities.................. .
~:~r:!.
Undivided profits................. . Reserves ........................ .

6,085,860.911 2,795,916.49
77,991.30 834,185.47
85,656.35 54,278.88
None
None 154,467.99 350,000.00 350,000.00
96,733.0.~
19,141.80

ito, Total Liabil'ties..............

904,232. 32

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CITIZENS AND SOUTHERN BANK OF EAST POINT

East Point, Ga.

As called for by the Superintendent of Banks

EUGENE E. JONES, President.
Date of Charter: 11-12-1948

HUGH D. THOMPSON, JR., Cashier.
Began Business: 11-19-1948

ASSETS Cash, balances with other banks, in-
cludinJ!t reeerve balances, and cash items 1n proceu of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~iop~ of States and political
BUbdiVIBlODI . ......... , .....
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts {including over-
drafts) ................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............ .. Customers' liability to this bank on acceptances outstanding......... . Other .Assets .................... ..

1,375,533.05 2,830,935.91
699,450.41 None
85,000.00 4,091,841.41
117,056.53 None
None None 27,706.08

Total Assets .................. S 9,227,523.39

LIABILITIES Demand deposits.................$ Time deposita.................... Deposits of U.S. Government..... .
D~!t~.:~ ~~~~ ~~~ .~l~~i~~ ~~~
Deposits of banks ................ . Other deposits {certified and officers'
cheeks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~:pif:!::::::::::::::::::::::::::
unlvided profits................. . Reserves ........................ .

4,516,147.58 2,347,558.86
351,504.64 718,409.46
None 74,274.69
None
None 409,649.78 300.000.00 300,000.00
62,757.41 147,220.97

Total Liabilities ...............$ 9,227,523.39

58

DEPARTMENT OF BANK=I=-:N:...::G:__ _ _ _ _ __

STATEMENT

Showing condition at the close of business December 31, 1961, 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-
eludinj! reserve balanees, and cash items m process of collection ...... S United Stat~ Government obligations, dirert and i<Uaranteed...... Obliga~io_n~ of States and political BUbdtVIBIOnS. . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate storks (including stock of Federal Reserve Bank)... . . . . . . . . Loans and discounts (including overdrafts)......................... Bank premises owned, furniture and fixtures. . . . . . . . . . . . . . . . . . . . . . . . . Real estate owned other than bank premisl"s........................ Investments Bnd other assets indirectly representing bank premises or other renl Pstate. . . . . . . . . . . . . . Customers' liability to this bank on aeceptanres outstanding... . . . . . . . Other Assets. . . . . . . . . . . . . . . . . . . . . .

448,377.68 1,131,291.77
69,045. 55 None None
1,048,312.34 7 ,653. 60 None
NonP None 800.00

LIABILITIES Demand deposita.................. S Time depostts.................... . Deposits of U.S. Government ..... .
D':/l~'i!~~n~f ~~~t~s. ~~~- ~-l~t-i~~~- ~~~
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 .................. .
~:r~t~!.::: :::::: :::::::: ::: :::::
Undhided profits................. . Reserves ........................ .

1,121,425.47 1,191,353.75
25,196.44 120,754.19
None 23,123.83
None
None 1,847.94 50,000.00 100,000.00 71,779.32
None

Total Assets .................. S 2, 705,480. 94
-----------------~

Total Liabilities............... S 2,705,480.94

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE PEOPLES BANK Eatonton, Ga.

As called for'by the Superintendent of Banks

J. M. GREGORY, President.
Date of Charter: 3-16-1944

HARVEY L. WILSON,
Cashier. Began Business: 5-1-1944

ASSETS

Cash, balances with other banks, in-

eluding reserve balances, and cash

items in process of collection...... S 174,801.48

United States Go\ernment obliga-

tions, direct and guaranteed ..... . Obliga~io~~ of States and political

529,443.66

8Utxl1VI810D8. , , ,

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

Jo'ederal Reserve Bank) .......... .

None

Loans and discounta (including over-

drafts) ........................ .

789,453.27

Bank premises owned, furniture and

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

15,353.94

Real estate owned other than bank

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

2.00

Investments and other assets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

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

Non~

- - - - - Other Assets..................... .

None

TotalAasets ..................$ 1,509,054.35

LIABILITIES Demand deposits..................$ Time depostts.................... . Deposits of U.S. Government ..... .
D~!t~n':. ~~~. ~~- ~~~t~~~~ ~~~
Deposita of banks ................ .
Other deposita (certified and officers' cherka, etc.) ................... .
Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~:r~f:!.:::: :::: ::::::::: :: ::: :::
Undivided profita................. . Reserves ........................ .

666,549.88 563,274.85
39,110.49 120,163.00
None 4,386.95
None
None 3,479.23 50,000.00 45,000.00 17,089.95
None

Total Liabilities............... S 1 ,509 ,054 .35

FORTY-SECOND ANNUAL REPORT

59

STATEMENT Showing condition at the close of business December 31, 1961, 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 balanres, and cash items in process of collection ...... I United States Governm<'nt obligations, direct and ~uarantccd ..... . Oblillat.io!'~ of States and political subdn1stons ................... . Other bonds, notes, and debenturos .. Corporate stocks (in~lu<ling stock of Federal RPsene Dank) .......... . Loans and discounts (including overdrafts) ........................ .
Bank premises owned, furniture and fixturl"s........................ .
Real estate owned other than bank premisrs....................... .
Investments and other assets indircrt lv repr(lsenting bank premises or other rro.l <"state . . . . . . . . . . . . . .
Customors' liability to this bank on acceptan('("S outstanding......... .
Other Assets..................... .

442,487.78 842,743.55
82,264.17 69,877.50
None 1,04.5,734.91
54,000.00 None
None None 7,778.85

LIABILITIES Demand deposits. . . . ............ I Time depos1ts.................... . Deposits of U. S. Government ..... .
D'Ji~?!l~n~f S~~t~s. ~~~- .p.~l~t.ic~~ ~u~
Deposits of hanks ................ . Ot.her deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptan~rs PXeeuted by or for ac-
count of this bank and outstandin~t ........................... . Olher liabilitis .................. . Capital. ......................... : Surplus ......................... . Undivided profits................. . Resrrves ........................ .

1,190,075. 49 659,228.86 15,340.81 391,251.95 30,015.89 16,987.15 None
None 9,774.02 80,000.00 100,000.00 51,362.01
8.50.58

Total Assets ..................$ 2,544,886. 76

Total Liabilities.............. $ 2,544,886.76

----------------'---------------------

STATEMENT Showing condition at the dose of business December 31, 1961, of
GRANITE CITY BANK Elberton, Ga.

As called for by the Superintendent of Banks

A. D. WILBURN, President.
Date of Charter: 12-3-1927

JAMES M. CLEVELAND, Cashier.
Began Business: 1-2-1928

ASSETS Caah, balances with other banks, in-
cludiDJ reserve balances, and cash itsmstn proceas of collection...... 1 United States Government obligetiona, direct and guaranteed ..... .
Ob~!f:/l::To.:I. -~~~. ~~- -~~i~~~
Other bonds, notes, and debentures.. Co1p0rate stocks (including stock of
Fed<ll'al Reserve Bank) . . . . . . . . . . .
Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises.................. : . ... . Investments and other aaseta indi-
rectly representing bank premises or other real estate ............. . Customers" liability to thia bank on acceptances outstanding......... . Other Aasets..................... .

1,162,856.88 1,097. 772.98
622,919.54 None
9,000.00 2,924,626.69
56,050.54 None
None None 31,317.18

Total Asaets .................. $ 5 ,904 , 543 .81

LIABILITIES Demand deposits................. I Time deposita.................... . Deposits of U.S. Government ..... . DeJ!O~i!s of States and political aub-
divtatona ...................... . Deposita 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. ......................... . S~lus ......................... . Undivided profits................. . Reaerves........................ .

2,506,535.61 I. 746,890.18
147,811.97 788,839.31
17,484.02 20,682.06
None
None 212,108.40 150,000.00 150,000.00 164,192.26
None

Total Liabilities.............. $ 5,904,543.81

60

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of
BANK OF ELLAVILLE Ellaville, Ga.

As called for by the Superintendent of Banks

L. S. BOYETTE, President.
Date of Charter: 9-10-1910

RICHARD G. CALLAWAY, Cashier.
Began Business: 9-16-1910

ASSETS Cash, balances with other banks, in-
cludinjl reserve balances, and cash items m process of collection ...... S United States Government obligations, direct and guaranteed ..... . Obligaf:io.n~ of States and political
subdtVI&tons . .................. .
Other bonds, notl's, and debentures.. Corporate stocks (including stock of
Federal R.foserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

497,245.45 426,949.00
161,62.~.81
50,075.00 None
796.869.38 9,085.00 None
None None 5,450.36

Total Assets .................. S 1,947,300.00

LIABILITIES Demand deposita................. S Time depos1ts.................... . Deposits of U.S. Government ..... . DeJ!OI!i!s of States and political sub-
divistons ...................... . DeJ)OIIits 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................... .
~::;!f:!. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

949,756.66 634,798.33
12,630.45
129,979.33 None
4,981.98 None
None None 25,000.00 100,000.00 90,153.25 None

Total Liabilities.............. S 1,947,300.00

STATEMENT Showing condition at the close of business December 31, 1961, 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-
cludinjl reserve balanCf's, and cash itema1n process of collection..... S United States Government obligations, direct and guaranteed..... .
Ob~~~~fo:1. -~~~. ~~-. ~~i~~~
Other bonds, notes, and debentures.. Col'J)Orate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ....................... .. Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

828,943.01 1,839,500.00
423,922.29 None None
779,944.99 25,000.00 None
None None 1.470.06

Total Assets .................. S 3,898. 780. 35

LIABILITIES Demand deposita................. S Time depos1ts.................... . Deposits of U.S. Government..... .
D'jfv1!~~n~f. ~~~~s. ~~~- ~l~t.i~~~ ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) .................. Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities................... .
~::;!f:!. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,545,493.97 1,701,419.49
49,918.70 250,433.44
10,000.00 11,077.88
None
None 21,681.48 100,000.00 100,000.00 8,755.39 100,000.00

Total Liabilities.............. s 3,898,780. 35

FORTY-SECOND ANNUAL REPORT

61

STATEMENT

Showing condition at the dose of business December 31, 1961, of

FAIRBURN BANKING COMPANY Fairburn, Ga.

As called for by the Superintendent of Banks

Y. H. LONGINO, President.
Date of Charter: 9-14-1891

MRS. WINNER B. LONGINO, Cashier.
Began Business: 1902

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process of collection ...... S United States Government obligations, direct and guaranteed ..... .
O~~f!J\~;~Ton":..~~.t~~. ~~~.. ~~i~~~.'
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outsianding......... . Other Assets ..................... .

395,302.22 857,983.50
93,529.46 411,020.94
None 910,630.27
23,153.39 None
None NonP 29,495.84

Total Assets. . . . . . . . . . . . . . . . . S 2, 721 , 115. 62

LIABILITIES Demand deposits................. S Time deposits.................... . Deposits of U.S. Government ..... . De~~s of States and political aub-
diviaaona ...................... . Deposits of banks ................ . Other deposita (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........................ .

1,298,909 ..56 1,063. 711.30
11,476.43 34,522.50 13,613.22 21,322.3.5
None
None 33,178.53 75,000.00 100,000.00
5.000.00 64,381.73

Total Liabilities.............. S 2,721.115.62

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS AND MERCHANTS BANK Fa7etteviUe, Ga.

As called for by the Superintendent of Banks

H. P. REDWINE, President.
Date of Charter: 2-16-1906

H. C. HEWELL, Cashier_
Began Business: 3-13-1906

ASSETS
Cuclhu,dbinaJlarnecseesrvweitbhaloatnhceers,baanodkac, aiaobitamam proceaa of collection...... S United States Government oblip-
tiooa, direct and auaranteed ..... . Oblip~i~ of States and political
aubdiVI8tona . . . . . . . . . . . . . . . . . . . Other honda, notes, and debentures.. Co.!JIC!I"Bta stocks (including stock of
Federal Reae"e Bank) .......... . I..oana and discounts (includinc over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real eatata owned other than bank
premises....................... . Investments and other -ts iodi-
rectl:v representing bank premises or other real estate............. . Customers' liabiHty to this bank on
Otbac:'C:.'.~~~~-~~::::::::::
TotalAasets.................. s

391,8f>3.88 1,106,477.74
16,292.89 199,968.75 25,000.00 502 250. 8.';
11,979.50 None
None None 13,094.33 2,266,917.94

LIABILITIES Demand deposits................. S Time deJIOIIIts.................... Deposits of U. S. Government ..... . Deiloai~ of States and political aub-
diViatona ...................... .
8::~\:4'!rtified ~ci om~ checks, etc.) ................... Billa payable..................... . Aeeeptaocea executed by or for ac-
count of this bank and outstaodioc........................... . Other liabilities .................. .
~~~!.:::::::::::::::::::::::::
Undivided profits................. ~es ......................

866,419.16 576,548.12
9,089.42
554,217.39 30.080.88
3,744.90 None
None 65,905.06 60.000.00 60,000.00 29.350.63 11,562.38

Total Liabilities............ S 2,266,917. 94

62

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

BANK OF FINLEYSON Finleyson, Ga.

As called for by the Superintendent of Banks

R. L. SCARBOROUGH, President.
Date of Charter: 9-20-1910

C~RENCE FINLEYSON, Cashier.
Began Business: 9-20-1910

ASSETS Caab, balances with other banks, in-
cluding reserve balances, and caeh items in proceae of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~iop~ of States and political
8UbdlV1810nS .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premiaea owned, furniture and
finures........................ . Real estate owned other than bank
premiaea...................... Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Auets .................. $

187,543.32 97,000.00
None 145,000.00
None 294,513.34
856.83 None
None None None 724,913.49

LIABILITIES Demand depoaits. . . . . . . . . . . . . . . . . $ Time deposita.................... . Deposits of U.S. Government..... . De~i~a of States and political sub-
divistona ...................... . Deposita 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........................ .

449,096.59 119,222.98
None 18,381.95
None 7,080.34
None
None 7,632.86 25,000.00 50,000.00 25,000.00 23,498.77

Total Liabilities.............. $ 724,913.49

STATEMENT Showing condition at the elose of business December 31, 1961, 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

W. P. HERLOVICH, Cashier.
Began Business: 7-19-1948

==================================~-=-=-=-=-=-----~-===========================-=-==-=-~--~-=-===-

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed......
Ob;~t{i~i~~on~f. -~~~~~. ~n~. _po~i~ical
Other bonds, notes, and debenturt's..
Corporate stocks (including stock of Federal Reserve Bank) .......... .
Loans and discounts (including overdrafts) .. . . . .. .. .. . .. .. . . . . . . . . .
Bank premises O\\'Ded, furniture and fixtures.........................
Real estate owned other than bank premises........................
Investments and other aaaets indi-
~~~~be~e~;:~~:~~!. ~~~k..P.'~rnise~
Customers' liability to this bank on
Ot~~~e~~~~- ~~~~~~~-di~~: : : : : : : : : .

722,749.34 445,121.67
35,229.34 40,000.00
None
1 , 343 ,595 .0.5 6,202.11 None
None None I ,651 .67

LIABILITIES Demand deposts..................$ Time deposits.................... . Deposits of U.S. Government ..... .
D':WvT!~~0~f. ~~~~s. ~~~- ~-ol~t.i~~~. ~~~
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. ......................... . !'lurplus ......................... . Undivided profits................. . Reserves .................... : ... .

967,238.95 935,723.70 20,124.85 348,985.93 23,347.08
5,669.52 None
None 5,000.00 100,000.00 125,000.00 63,459.15
None

TotaiAssets................. $ 2,594,549.18

Total Liabilities.............. I 2,594, 549. 18

FORTY-SECOND ANNUAL REPORT

63

STATEMENT Showing condition at the close of business December 31, 1961, of
THE CITIZENS BANK Folkston, Ga.

As called for by the Superintendent of Banks

WILLIAM MIZELL, President.
Date of Charter: 12-12-1911

C. E. GLENN, Cashier.
Began Business: 1-4-1912

ASSETS Cash, balances "'ith other banks, in-
cluding reserve balances, and cash items in proceBB of collection ...... $ United States Government obligations, direct and guaranteed...... Obliga~io.n~ of States and political
subdiVISIOns. . . . . . . . . . . . . . . . .
Other bonds, notes, and dehenturP.a.. Corporate stocks (including stock of
Federal Rt-serve Bank)... . . . . . . . . Loans and discounts (including over-
drafts)......................... Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises. . . . . . . . . . . . . . . . . . . . . . . . Investments and other aBBeta indi-
rectlY representing bank premises or other rP.al estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.......... Other Assets. . . . . . . . . . . . . . . . . . . . . .

895 ,593 .55 1,326,886.51
576,492. 20 260,000.00
None 1, 747,622.55
10,277.66 None
None None 1. 225 .42

Total ABBeta .................. $ 4,818,097.89

LIABILITIES Demand deposits................. $ Time depos1ts.................... . Deposita of U.S. GovernmP.nt ..... . De~o~i!s of States and political aub-
dtVlStons ...................... .
Deposita of hanks ................ . Other deposita (certified and officers'
~becks, etc.) ................... . Billa payable..................... . Accl'ptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities ................. ..
~~~;~~!.:::::::::::::::::: :::::::
Undivided profits................. . Reserves ........................ .

I ,734,393.97 1,919,889.91
3,791. 74 470,035.71
None 9,102.15
None
None 178,763.21 50,000.00 50,000.00 300,000.00 102,121.20

Total Liabilities............. $ 4,818,097.89

S~ATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF FOREST PARK Forest Park, Ga.

As called for by the Superintendent of Banks

C. G. DUNCAN, President.
Date of Charter: 5-9-1956

JOHN W. NAPIER, Cashier.
Began Business: 10-15-1956

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and casla items in proceBB of collection ...... $ United States Government obligations, direct and guaranteed . .... . Obli~~io_n~ of States and political
SUbdtVlSlODS . ... , . , ........... .
Other bonds, notes, and debenturPs.. Corporate stocks (including stock of
Federal RPserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectlv rl'presenting bank premises or other rPal Palate . . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

835,932.31 832,475.68
5,985.27 523,806.25
None 1, 728,485.06
55,973.46 None
None None 8,834.47

Total ABBets .................. S 3,991,492.50

LIABILITIES Demand deposits................. S Time dPposits.................... . Deposita of l1. S. Governm<'nt ..... . De'!o~i!s of States and political sub-
dtvlstons ...................... . Deposits of hanks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptanc<'s executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... .
Rurplus ......................... . Undivided profits................. . Reserves ........................ .

2,119,331.98 1,069,794.33
58,413.24 402,341.37
None 17,355.85
None
None 43,091.73 200,000.00 50,000.00 31,164.00
None

Total Liabilities.............. S 3,991,492.50

64

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, 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

G. A. BANKS, Cashier.
Began Business: 3-1-1920

ASSETS Cash, balances with other banks, in-
cludinjl reserve balances, and cash itemam process of collection..... I United States Government obligations, direct and guaranteed. . . . . . Obliga~io!'~ of ~tates and political
SUbdiVISIOns .
Other honda, notes, and debentures. . Corporate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts) .. .. .. . .. . . . . . .. .. .. .. . . . Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises............. . . . . . . . . . . . Investments and other assets indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other ASBeta. . . . . . . . . .. .. . . . . . . . ..

1,014,664.58 847,747.19 192,235.62 None None 459, 934.09 4,728.63 None
None None None

Total ASBeta ......... - ....... I 2,519,310.11

LIABILITIES Demand deposita.................. $ Time depoata.................... . Deposita of U.S. Government ..... .
D'Jl~~~.,<:,t_ ~~~~e. ~~- ~-lit_i~~~ ~u!>-
Depoaita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
Other liabilities ................. .. Capital. ......................... . Surplus ......................... . Undivided profits................. .
Reserves........................ .

1 ,058,839. 94 430,379 ..56 688,114.26
54,081.93 None
6,768.41; NonE"
None NonP 40,000.00 60,000.00 Nonr 181' 125.97

Total Liabilities.... .......1 2,519,310.11

STATEMENT Showing condition at the close of business December 31, 1961, of

THE FARMERS BANK Forsyth, Ga.

As called for by the Superintendent of Banks

R. 0. PERSONS, JR.,

C. E. MACKEY.

President. Date of Charter: 3-9-1910

Cashier. Benn Business: 1910

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. . . . .
o~~t:J\~'ion~f -~ta.t~s. ~~~- .po~it~"."..

Other honda, notes, and debentures ..

Corporate stocks (including stock of

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

Loans and discounts (including over-

drafts).... . . .

. ....

Bank premises owned, furniture and

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

Real estate owned other than bank

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. . ...

225.041.76 632 ' 262 .f.O
Non<'
~Onf'
XonP 842 .!i06 42
2.00
~ont
:\""ont
~Of)('
:\orw fl~l!l. Sl:!. fiR

LIABILITIES Demand deposits................. S Time depos1ta .................... . Deposits of U.S. Government ..... .
D'Jl~T!!~n~f ~tat~. an~- _P_"_I~t-i~a~ ~~!>-

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.

. ........ .

639,290.17 516,919.24
)5,98!;.16
~54.278.37
NonP
1.273.43 NonP
~om
Xonf> ;';0.000 .00 ;;0,000 00
~on
72,066 :JJ

Total Liabilities ...... .

1,fWH,81:? fi~

FORTY-SECOND ANNUAL REPORT

65

STATEMENT Showing condition at the close of business December 31, 1961, of

MONROE COUNTY BANK Forsyth, Ga.

As called for by the Superintendent of Banks

CHARNER W. HILL, President.
Date of Charter: 11-2-1908

JAS. M. McCARTY, Cashier.
Began Business: 10-15-1908

ASSETS Caah, balances with other banks, in-
cluding reserve balances, and caab items in proceaa of collection...... S United States Government obligationa, direct and guaranteed ..... . Obliga~io.n~ of States and political aubdiVlSJOna .................. Other bonds, notes, and debentures .. Corporate stocks (including stock of Federal 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 .... ............ s

402,134.52 609,807.66 547,033.52 501,418.75
Non' 1,016,376.40
520.18 379.00
None Non{' Nonf' 3,077,670.03

LIABILITIES Demand deposits................. S Time depos1ts .................... . Doposits of U.S. Government ..... .
D~'i~t~n~f. ~~~t-:s. ~n~. ~-o~~t~~- s~b~
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 ........................ .

1,120,759.74 1,540,766.69
28,810.82
174,618.20 None
4,300.46 None
Non<' 22,994.18 25.000.00 75,000.00 20,419.94 65,000.00

Total Liabilities.............. S 3,077,670 03

STATEMENT Showing condition at the close of business December 31, 1961, of

FORT GAINES BANKING COMPANY Fort Gaines, Ga.

As called for by the Superintendent of Banks

T. W. MOBLEY, President.
Date of Charter: 2-11-1937

JAS. A. BROWN, Cashier.
Be~an Business: 2-15-1937

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

433,966.42 1, 129, 279. 50
:m ,669. !)0
Non Non<' 36ii ,287. 28 8.000 00
~ont
Xon1 :Xoru ~on1

Total Assets.

. ~ 1 .mm.:?o:! 70

LIABILITIES Demand depoaits. . . . . . . . . . . . . . . . S Time deposits..................... Deposits of U. S. Government. . . . . .
D'Ji~!l~n~f S~~tes. ~~d. p.o.l~t.i~~l SU~
Deposits of banks ................ . Other deposits (certified and btlicers'
cheeks, etc.) ............. . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ............ . Other liabilities ... . Capital. ... . Surplus ......... . Undivided profits.. . Reserves ...

I , 176 ,483 .26 3,<;9,136. 90 I ,923.00
236,125.66 13,,';06.48
4,200.00 NonP
Non>
~nnP
swo..oooooo..oooo 81!:1;,,o82o7o..o3o2

Total Liabilities.

S 1 ,H!Jfi :W:? 7()

66

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, 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.
Bea-an Business: 10-15-1924

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash S items in proceaa of collection..... . United States Government obligations, direct and guaranteed ..... . Obliga~i~n~ of States and political au'bdlVlSlona . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reaerve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premiaea owned, furniture and fixtures....................... Real estate owned other than bank premiaea....................... . Investments and other aaaeta indirectly representing bank premiaea or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets .................. S

631,422.52 2,269,976.20
674. 90.~. 77 None None
2.285,093.59 13,543.64 None
1,000.00 None
13,452.36 5,889,394 .08

LIABILITIES Demand deposita..................S Time depos1ts.................... . Deposita of U. S. Government ..... .
DeJfvt!t:~~ ~~~ ~~ ~~~~~ ~~~
Deposita of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~.=t:!.::: :: ::: :: :: :: :: :: :: :::::
Undivided profits................. . Reserves ........................ .

3,109,397.65 984,769.51 101,008.71 908,434.82 10,000.00 18,117.23 None
None 107,990.10 200,000.00 200,000.00 249,676.06
None

Total Liabilities...............s 5,889,394.08

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE BANK OF HEARD COUNTY Franklin, Ga.

As called for by the Superintendent of Banks

T. W. GOODSON, SR., President.
Date of Charter: 10-14-1905

THOMAS W. GOODSON, JR., Cashier.
Began Business: 10-18-1905

ASSETS Cash, balances with other banks, in-
cludinj!: reserve balances, and cash items m process of collection..... S United States Government obliga tiona, direct and guaranteed ..... . Oblipt_io_D!I of States and political
aubdtvl&tons . .................. .
Other bonds, notes, and debentures.. Corporate stocks (including atock of
Federal Reserve Bank) .......... . Loana and discounts (including over-
drafta) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaee....................... . Investments and other asseta indi-
rectly representing bank premisca or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . :>ther Assets..................... .

245,907.16 712,338.64
77,505.21 125,343.75
None 594,227.26
21,246.84 None
None None None

Total Assets . . . . . . . . . . . . . . . . . S 1, 776 , 568 .86

LIABILITIES Demand depoeita..................$ Time deposita.................... . Deposita of U.S. Government ..... . De~i~ of States and political sub-
diviaaona ...................... . Deposit.. of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~f:!.::: :::: :: ::: :::: ::: :::: ::
Undivided profits................. . Reserves ........................ .

666,463.51 676,625.41
17,411.24 177,429.44
None 10,321.01
None
None 309.57 50,000.00 150,000.00 18,008.68 10,000.00

Total Liabilities............. S 1,776,568.86

FORTY-SECOND ANNUAL REPORT

67

STATEMENT Showing condition at the elose of business December 31, 1961, of

THE CITIZENS BANK Gainesville, Ga.

As called for by the Superintendent of Banks

ROBERT A. BRICE, President.
Date of Charter: 5-19-1913

PIERCE J. HANCOCK, Cashier.
Began Business: 6-1913

ASSETS Caeh, halances with other banks, in-
cluding reserve balances, and caah items in process of collection...... S United States Government obligations, direct and guaranteed..... . Obliga~i~"!' of States and political
8UbdiV1810D8 . .............
Other bonds, notes, and debentures.. Corporate stocks (mcluding stock of
Federal Reserve Bank) .......... . Loans and diacounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fur:turea . . . . . . . . . . . . . . . . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
~J.e~e:=;..ea::!':!. ~- -~r~~
Customers' liability to this bank on acceptances outstanding......... .
Other Assets..................... .

1,315,115.26 3,396,138.33
8,871.30 726,610.00
None 2,648,959.2i
154,282.90 None
None None None

Total Assets ................. S 8,249,977.06

LIABILITIES Demand deposita..................S Time depos1ta.................... . Deposita of U. S. Government . . . . . .
D':C:.:~ ~~~- ~~- ~~~~~. ~~~
Deposita of banks ................ . Otller deposita (certified and oflicera'
clleeka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
oount of tbia bank and outstanding........................... . Other liabilities .................. .
~~.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

3,833,513.28 1,56.5,797.19
361,025.03
1,632,812.19 182,268.65
566.70 None
None None 150.000.00 200,000.00 29.5,116.34 28,877.68

Total Liabilities.............. S 8,249,977.06

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF GIBSON Gibson, Ga.

As called for by the Superintendent of Banks

LOUIE H. GRIFFIN, President.
Date of Charter: 11-7-1905

E. E. GRIFFIN, JR., Cashier.
Began Business: 11-27-1905

ASSETS

Cash, balances with other banks, in-

cludillJ items m

reserve proceaa

boaflcaonlcleesc,tiaonn d. . .c.a.s.hs

United States Government oblip.

tiona, direct and guaranteed ..... .

o~~~wo.!f. -~t_a~. ~~ .~~~~

Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and diacounts (including over-
drafts) ....................... . Bank premises owned, furniture and
fur:tures........................ . Real estate owned other than bank
premises.......................
Investments and other aasets indi-
:"!~1.e~er:...eaee!:!':. ~- -~r~~~~

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

Total Assets ................. S

102,409.98 3M,267.00
79,219.63 None None
Il8,930.18 9,500.00 None
None None None 694,326.69

LIABILITIES Demand depoeita.................. S Time depos1ta .................... . Deposita of U. S. Government ..... .
D~~,!~ ~~~~. ~~- ~~t~~- ~~~
Deposits of banks................ . Other deposits (certified and oflicera'
cheeks, etc.) ................... . Bills payable..................... . A~ceptances executed by or for ac-
count of this bank and outstandOtihnegr.l.ia.b.i.l.it.i.e.s ....................... Capital.......................... . Surplus......................... . Undivided profits................. . Reserves ........................ .

381,115.82 None None
242,000.00 None
210.87 None
None None 25,000.00 37,500.00 8.500.00 None

Total Liabilities. . . . . . . . . . . . . S 694,326.69

68

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

CITIZENS BANK Glennville, Ga.

As called for by the Superintendent of Banks

T. R. SMITH, President.
Date of Charter: 12-31-1942

MRS. MARGARET D. BACON, Cashier.
Began Business: 1-4-1943

ASSETS Cash, balances with other banks, in-
cludinJ reserve balances, and cash items m process of collection...... S United States Government obligations, direct and guaranteed ..... . Ob!ip~io.n~ of States and political
eubd.iVISlODB .................
Other bonds, notes, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
tistures........................ . Real estate owned other than bank
premises....................... .
Investments and other aasets indirectly representing bank premises or other real estate ............. .
Customers' liability to this bank on acceptances outstanding......... .
Other Assets....................

312,509.07 153,000.00 114 ,.';86 . .';7 2.';8. 937 ..';0
704,391.34 27,071.50
~00{' !\;onP ~onP

Total Assets ................. S 1.;;70.4!15 98

LIABILITIES Demand deposits..................S Time depoetts.................... .
Deposits of U.S. Government ..... .
D~!J!n~f. ~~t~s. ~~~. ~.l~t~~l. ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, et.c.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. Capital.. ........................ . Surplus ......................... . Undivided profits................. . Reserves ........................ .

568,567.25 524,.';80.96
9,630.27
269,071.34 None
714.77 None
~00('
12,8.';6.!13 60,000.00 40,000.00 8.';,074 .46
None

Total Liabilities.............. S 1,570,495. 98

STATEMENT Showing condition at the close of business December 31, 1961, 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...... S 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 othf>r assPts indirectly reprrsentiilg bank prPmises or other na.l c~tate. . .
Customers' liahilitv to this hank on
acreptances outstanding. Other Assets.

625,954 .or.
962, !152 30 68, 75~. 06 :'\ont :"" o n t
I . 487.672 3:l :!R. 722 r,'2 :'\ ont
:'\ PTH
~(lf!t' '\"on1

LIABILITIES

Demand deposits.

S

Time deposits.....................

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

Deposits of States and political sub-

di\isions ..

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

Other deposits (certified and officers'

<"hCC'ks. etc.).

Rills payable.

AcC'eptances exet'uted by or for ac-

count of this bank and outstand-

ing ....... .

Othr liabilities

Capital

Surplus

Undivided profits.

Reserves

1,108.705.8!1 1,771,700.0;,
11,035.211
26.878.77 !\:nnr
14,314 1!1 :-.:onf
'\orw 1!1 4;j
;.-,.ooo on
7.),000 ()(~ RO.:l!O 18 11.0\tf; 41

Total Assets.

$ :~. l 71. Oti() '2t,

Tntal Lin.klit1e:.

FORTY-SECOND ANNUAL REPORT

69

STATEMENT Showing condition at the close of business December 31, 1961, of

THE GORDON BANK Gordon, Ga.

As called for by the Superintendent of Banks

R. F. GIBBS, President.
Date of Charter: 6-8-1946

R. F. GIBBS, Cashier.
Began Business: 8-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... S 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' lisbility to this bank on acceptances outstanding.
Other Assets.

Total Assets ..... .

s

416,138.99 375.000.00
40,000.00 205,08.';.61
None 642,984.15
14,161.49 None
None None None 1,693,370.24

LIABILITIES

Demand deposits...

. ... S

Time dep:>nts. . . . . . . . . . . . . . . . ... .

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

D'Ji~f!t~~~ Statu a~d p_olit.ica1 ~~lr

Dep:>sits 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 .... . Rescn.-es.

,';12,400.0,'; 576,975.19
2.155.00
418,120.06 None
690.60 None
Non(~
Nonr 35,000.00 100.000 00 48,029.34
None

Total Liabilities ..

s 1,693,370 24

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF GRAY Gray, Ga.

As called for by the Superintendent of Banks

D. V. CHILDS, JR., President.
Date of Charter: 8-23-1909

F. H. CHILDS, Cashier.
Began Business: 8-28-1909

ASSETS c,;,h, 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.. Co!J!Orate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts).. . . . . . ................ . Bank premises owned, furniture and fixtures..... . ................. . Real estate owned other than bank premises.... . . . . . . . . . . ... Investments and othPr assets indirectly representing bank premises or other real estate . . . . ..... . Customers' liability to this bank on acceptan<'t's outstanding. Other Assets.
Tot~! Asset&

399,230 01 406,000.00
27.000 00 None
~00('
707 .lall.33 :~:!.24!1 33 x(mf
:'\orH :\on<> :\"ortf

LIABILITIES Demand deposits ................. S Time depos1ts ................... . Deposits of U. S. Government ..... . D~l~~n~f States and_ political sub-
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 .....

808,134.81 331.791 .58
I.M6.55
307.60103 None
2.17!1.12 None
;-;on(
~onf'
,-,o .ooo .oo r.o ,000.00
2l.~8!i.!i8
::\'on<'

Total Liabilities.

70

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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..... . Obligat_iop~ of States and political subdlvl8tona . .................. . Other bonds, notea, and debentures .. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fizturea ........................ . Real estate owned other than bank premises....................... . Investments and other B88eta indi-
~~!~e~ef::l'!~:!."J. ~~~--~r~~
Customers' liability to this bank on acceptances outstanding......... .
Other Asseta..................... .

553,990.42 664,615.32 193,087.19 237,825.01
None 773,128.32
10,157.68 None
None None None

Total Assets .................. $ 2 ,432 , 803. 94

LIABILITIES Demand deposita..................$ Time depos1ta.................... . Deposita of U.S. Government..... .
D'JlZf!!!n~~ ~~~- ~~- ~-~t~~- ~~~
Depoaita of banka ................ . Other deposita (certified and oflicera'
cbecka, etc.) ................... . Billa payable..................... . Acceptances ezecuted by or for ac-
count of this bank and outatanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

792,728.53 1' 124,244.48
30,433.42 234,477.89
None 13,099.07
None
None 9,000.00 100,000.00 100,000.00 28,820.55
None

Total Liabilities.............. $ 2, 432,803. 94

STATEMENT

Showing condition at the close of business December 31, 1961, 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

L. C. MITCHELL, Cashier.
Began Business: 4-1-1946

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and caah itema in proceaa of collection ...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io~ of States and political
subdlvl810ns . .................. .
Other bonds, notea, and debentures.. Corporate stocka (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fidures........................ . 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 outatanding......... . Other Assets................... .

559,207.42 345,515.63 237,881.09
None None 776,532.64 1,458.09 None
None None 6,158.43

Total Assets .................. $ 1 , 926, 753 . 30

LIABILITIES Demand deposita..................$ Time depos1ta.................... . Dep011ita of U. S. Government . . . . . .
DeJl~~~:~~ ~~~~- ~~~ ~o.l~t.i~l. ~~~
Dep3sits of banks ................ . Other deposita (certified and oflicera'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves........................ .

878,352.06 595,526.55
27,526.11 227,228.43
None 5,883.92
None
None 376.00 75,000.00 75,000.00 41,860.23
None

Total Liabilitiea............. $ 1,926,753.30

FORTY-SECOND ANNUAL REPORT

71

STATEMENT Showing condition at the close of business December 31, 1961, of
THE GREENVILLE BANKING CO. Greenville, Ga.

As called for by the Superintendent of Banks

J. P. ATKINSON, President.
Date of Charter: 10-24-1887

R. M. PHILLIPS, Cashier.
Began Business: 1891

ASSETS Cash, balances with other banks, in-
cludilljl reserve balances, and cash items m process of collection...... S United States Government obligations, direct and guaranteed ..... . Obligat_io~ of States and political
BUbdlVlSlODS . . . . . . . . . . . . . . . . . . . .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
d:-afta) ........................ . Bank premises owned, furniture and
fixtures ................. Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

331,012.45 635,573.77
83,916.81 120,055.00
None 349,544.04
7,681.50 None
None NonP 6,000.00

Total Assets. . . . . . . . . . . . . . . . . S I ,533,783. 57

LIABILITIES Demand deposita.................. S Time deposita.................... . Deposits of U.S. Government ..... .
D'jl~~~~~f. ~~~~s. ~~~- ~-ol~t~~l. ~~~
Deposita of banks . . . . . . . . . . . . . . . . . Other deposits (eertified 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 ........................ .

709,769.05 387,583.09
11,306.83 258,914.83
10.000.00 825.39 None
None 8,997.49 50,000.00 50,000.00 46,386.89
None

Total Liabilities.............. S 1,533,783.57

STATEMENT Showing condition at the close of business December 31, 1961, of

COMMERCIAL BANK AND TRUST COMPANY Griffin, Ga.

As called for by the Superintendent of Banks

D. J. ARNOLD, President.
Date of Charter: 10-11-1889

JACKSON D. HARDY, Cashier.
Began Business: 10-9-1890

ASSETS Cash, balances with other banks, in-
cludin~ r..>serve balances, and cash items m process of collection...... S United States Government obligations, direct and guaranteed...... Obligat_io.ll!' of States and political aubdivlBIOns. . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate stocks (inclu:ling stock of Federal 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 <'State. . . . . . . . . . . . . . Customers' liability to this bank on aeceptanees outstanding.......... Other Assets. . . . . . . . . . . . . . . . . . . . . .

2 ,671,907.76 5,5.';3,264.86
903,342. 18 None None
6,525,574.83 45,799.19
229,764.30
None None None

Total Assets .................. S 15,929,653.12

LIABILITIES Demand deposita................. S Time deposits.................... . Deposita of U.S. Government . . . . . .
DeJi~!1~n~~ ~~~- ~~- ~-ol~t~~l. ~~~~
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 ........................ .

6,171,374.44 5,406,505.43
430,300.10 1,832,587.86
25,059.84 197,249.73
None
None 515,416.89 400,000.00 800,000.00 151,158.83
None

Total Liabilities.............. S 15,929,653.12

72

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

THE STATE BANK Griffin, Ga.

As called for by the Superintendent of Banks

S. T. MARTIN, 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 collertion ...... S United States Government obligations, direct and guaranteed......
0~~f.N~:o;I. -~~~~ .an~..~~-i~i-~~
Other bonds, notes, and debentures.. Corporate st.ocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts). . . . . . . . . . . . . . . . . . . . . . . . . Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises........................ Investments and other assets indi-
~';!3',e~er::t"::~~:. ~~~k. _pre~i.se~
Customers' liability to this bank on acceptances outstanding......... .
Other Assets......................

I ,658, 396 .38 2,261,638.90
811 , 170. 41 779,018.86 24,000.00 3,461, 776.52 175,621.94
None
None None None

TotsiAssets ................. S 9,171,623.01

LIABILITIES Demand deposits..................S Time deposits.................... . Deposits of U.S. Government ..... .
D";H~!~~n~f ~~U:S. ~~.~ ~~l~t.i~~~ ~~~
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..................
~:rir:!.
unlivided profits................. . Reserves ........................ .

4,650,773.89 2,395,739.12
439,573.53 538,614.39
None 9,211.37
Non~
Non~
112,000.00 300,000.00 600,000.00 125,710.71
None

Total Liabilities.............. S 9,171,623.01

STATEMENT Showing condition at the close of business December 31, 1961, 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-
cllidilljJ reserve balancee, and cash iteme m process of collection...... S United States Government obliptione, direct and guaranteed ..... .
Ob~~l:oo':,t, .~~.~. ~~~. ~~~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank} .......... . Loane and discount. (including over-
drafts} ........................ . Bank premiees owned, furniture and
fixtures ........................ . Real eetate owned other than bank
premiees....................... . Investment. and other aaeets indi-
rectly representing bank premiees or other real estate ............. . Customers' liability to thie bank on acceptances outstanding......... . Other Assets..................... .
Total Assete. . . . . . . . . . . . . . . . . S

135,295.79 164,199.00 24,787.04
None None 332,776.19 466.06 1.00
None None 2,606.08 660,131.16

LIABILITIES S Demand depoeits..................I Time deposits.................... . Depoeits of U.S. Government ..... . DeJ!O!i~ of Ststee and political eub-
divielona .................... Deposits of banke................ . Other deposits (certified and oflicere'
checke, etc.) ................... Bille payable..................... . Acceptances executed by or for ac-
count of thie bank and outstand-
ing ........................
Other liabilities .................. . Capite!..... ' ................... Surolus ........................ Undivided profits................. . Reeerves....................... ..

301,056.83 215,662.30
4,308.75 17,000.00
None 166.30
None
NonP None 25,000.00 75,000.00 21,936.98 None

Tote! Liabilities. . . . . . . . . . . SS 660,131.16

FORTY-SECOND ANNUAL REPORT

73

STATEMENT Showing condition at the elose of business Deeember 31, 1961, of

CITIZENS BANK OF HAHIRA Hahira, Ga.

As ealled for by the Superintendent of Banks

D. K. HOLLIS, JR.,
President. Date of Charter: 2-12-1927

M. W. KIRKLAND,
Cashier. Began Business: 2-21-1927

ASSETS

Cub, balances with other banks, in-

cludinjl reserve balances, and caah

items tn proceaa of collection ...... $ 349,433.8/i

United Statea Government obliga-

tiona, direct and guaranteed ..... .

273,126.07

Obliga~i~JI!I of States and political

subdiv18IOD8 . . . . . . . . . . . . . . . . . . . .

2,962.20

Other bonds, notes, and debentures..

225.175.00

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ .

60.'i,450.03

Bank premiaea owned, furniture and

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

30,205 ..'i5

Real estate owned other than bank

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

3,639.42

Investments and other aaaeta indi-

rectly representing bank premiaea

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

None

Customers' liability to this bank on

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

None

- - - - Other Aaaeta..................... .

Non"

Total Aaaeta .................. $ I , 489, 992 . 12

LIABILITIES Demand dejlOIIita................. $ Time depos1ta .................... . Deposita of U.S. Government ..... .
D~~~f. ~~~- ~~~- ~~~~- ~~~
Deposita of banks ............... .. Otlier deposita (certified and officers'
checks, ete.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilitiea .................. . Capital. ......................... . Surplus ......................... Undivided profits................. . Reaervea ........................ .

725.864.32 53.';. 028 .02
7.069.60
76.879.61 1.547.20
None None
None 17.7.'i7.s.; 2.'i.OOO.OO 7.5.000.00 I 1.042.10 14.803.42

Total Liabilities. . . . . . . . . . . . . . $ 1 489 992 . 12

STATEMENT Showing condition at the elose of business Deeember 31, 1961, 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-
cludiDjl reserve balances, and cash items 1n proceaa of collection. . . . . $ United States Government obi~ tiona, direct and guaranteed ..... .
o~~\~!1on".:. -~~~~. ~~- .~~i~~c~
Other honda, notes, and debentures.. Corporate atocka (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premiaea oW..ed, furniture and
fixtures.................... .... . Real estate owned other than bank
premiaea..................... Investments and other &881't& indi-
rectly repreaenting bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .
Total Aaaeta .................. $

113.832.59 652,991.95
None None Nonr 169,333.04 1.920.52 None
None None None 938,078.10

LIABILITIES Demand deposita................ S Time depoa1ta.................... . Deposita of U. S. Government . . . . . . DeJ!O!i!s of States and political sub-
diviaJona ...................... . Deposita of banks................ Other deposita (certified and officers'
checks, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding.......................... .. Other liabilities.................. .
?u:;:::!.::: :: ::::::::::::::::::::
Undivided profita................. . Reserves ........................ .

398,432.34 383,571.06
415.81
82 ,35/i .09 None
737.52 None
None 2.000.00 25.000.00 25,000.00
.566.28 20,000.00

Total Liabilities. . . . . . . . . . $ 938,078.10

74

DEPARTMENT OF BANKIN--'-G..::.__ _ _ _ _ _ _ __

STATEMENT Showing condition at the close of business December 31, 1961, of

CITIZENS BANK OF HAPEVILLE Hapeville, Ga.

As called for by the Superintendent of Banks

C. P. GLOVER, JR., President.
Date of Charter: 7-20-1945

THOS. H. CAREY, Cashier.
Began Business: 9-4-1945

ASSETS
Cuclllu,dbiaaJlaruecseeervweitbhaloatuhceere,baanndksc, uinb-
iteme m proceea of collection...... S United States Government oblip-
tiona, direct and cuaranteed . . . . . .
Ob:ff::O::. -~~~. ~~- -~~~~~
Other bonds, notes, and debentures. . ~te atocka (includina stock of
Federal Reserve Bank)........... Loans and diacounta (includina over-
draft.) . .. . . . . .. . . . . .. . .. . . . . . . Bank premiaea owned, furniture and
fixtures......................... Reparl eemetaitaeeoew.n..e.d..o..th..e.r..t.h.a..n..b..a.n..k
Inveetmenta and other uaeta indirectly representing hank premiaea or other real eetate. . . . . . . . . . . . . .
Customers' liability to thia bank on acceptancee outatandiq..........
Other Aaaete.. . . . . . . . . . . . . . . . . . . . .

878. 619 .46 1 , 451 173 . 71
144.999.90 490,562.25
None 2. 942.590. 05
89,386.52 13,048.94
22 , 500 .00 NonP
31,639.15

Total.Aaaete................. S 6,064,519.98

LIABILITIES Demand depoeita..................S Time depoeata.................... . Deposita of U. S. Government ....
De.fl:!~!.:f. ~~~~- ~~- ~-~t.i~~ ~~ 8:;i~~!;riifi.Mi imci c;~&ee;.;
checks, etc.) ................... . Billa payable.................... .. Acceptances ellecuted by or for ac-
count of thia bank and outetancling ........................... Other liabilitiee................. .. Capital. ......................... . Surplus ..................... Undivided profits................. . Reaervee ........................ .

3,421,631 .55 1,271,827.32
89,729.93 334,471.79 24,642.57 338,294.78
None
None 121,414.75 300,000.00 100,000.00 62,507.29
None

Total Liabilitiee.............. S 6,064,519.98

STATEMENT

Showing condition at the close of business December 31, 1961, ot

BANK OF COLUMBIA COUNTY Harlem, Ga.

As called for by the Superintendent of Banka

E. D. CLARY, JR.
President. Date. of Charter: 11-29-1909

HENRY E. L. MILLER, Cashier.
Began Business: 12-13-1909

ASSETS Cash, balances with other banks, in-
cluding reserve lmlances, and cash items in process of collection ...... S United States Government obligations, direct and guaranteed ..... . Obliga~io,n~ of States and political subdJvJstons . . . . . . . . . . . . . . . . . . . . Other bon<IB, notes, and debentures .. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fi:rtures........................ . Real estate owned other than bank premises....................... . Investments and other aasets indirectl:v representing bank premisea or other real estate............. . Customers' liability to this bank on acceptancee outstanding......... . Other Aasets.................... .

527,383.81 542,576.25 59,680.30
None None 541,982.29 11,645.15 None
None None None

Total Assets. . . . . . . . . . . . . . . .. S 1,683,267. 80

LIABILITIES Demand deposita..................S Time deposals.................... . Deposits of U.S. Government ..... .
D':li~i!l~n~f. ~~~~~s. ~~~. ~.1~1.i~~1. ~~~
Deposits of l:anks ................ . 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 ........................ .

765.245.77 367,070.80
16,5815.28 316,043.00
None 1,500.61
Non
None 5,038.05 50,000.00 75,000.00 76,784.29 10,000.00

Total Liabilities.............. S 1,683,267.80

FORTY-SECOND ANNUAL REPORT

75

STATEMENT Showing condition at the elose of business December 31, 1961, of

BANK OF HARTWELL HartweD, Ga.

As ealled Cor by the Superintendent of Banks

J. H. WRIGHT, President.
Date of Charter: 5-15-1961

SIMS HILL, Cashier.
Began Business: 11-9-1961

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... S 754.535.63

United States Government obliga-

tions, direct and guaranteed ..... .

300,365.71

Obligat.io.n~ of States and political

BUbdlV1810D8 .

None

Other bonds, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ .

234,119.74

Bank premises owned, furniture and

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

75,645.34

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

1,400.00

Total Assets .................. S 1,366,066.42

LIABILITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U.S. Government ..... .
D';R~~!I~n~~ ~~~~~s. ~~~. ~~t~~~. ~~~
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 ........................ .

410,492.42 163,795.13
Non" 516,929.18
None 17,853.40
None
None None 150.000.00 82,500.00 24,496.29 None

Total Liabilities.............. S 1,366,066.42

STATEMENT Showing condition at the elose of business December 31, 1961, of

CITIZENS BANKING COMPANY Hartwell, Ga.

As ealled for by the Superintendent of Banks

E. C. GRIFFETH, President.
Date of Charter: 11-28-1942

W. R. PARKER, Cashier.
Began Business: 1-2-1943

==============~--==-=-============~=============---==============

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

1,11 I ,221. 9.<; 1,714,101.19
507,019.71 55,228.00
Non~
1, 793,391.73 1.00 1.00
Nonr
Non~
NonP

LIABILITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U.S. Govemment ..... .
DdlZT!\~n~f. ~~~~~s. ~~~. ~l~t~~~~. ~~~
Deposits of l:oanks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
Ph~cks, etc.) ................... . Bills payable..................... . Aco~ptancfS exP.cuted by or for ac-
count of this bank and outstanding ........................... Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................

2. 700,907.79 1,198,73.>.03
76,230.74
722,794.69 None
28,956.56 None
None None 100,000.00 100.000.00 100,000.00 153,339.77

Total Assets .................. S ,o; , 180, 964 .58

Total Liabilities.............. S 5,180,964.58

76

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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-
clu~ reserve balances, and cash items 1n process of collection...... I United States Government obligatioDII, direct and guaranteed . . . . . .
0~~::'W:.:. -~~~. ~~ -~~~~
Other bonds, notes, and debentures.. Corporate stocks (including atoek of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts)......................... Bank premiaea owned, furniture and
fixtures......................... Real estate owned other than bank
premiaea. . . . . . . . . . . . . . . . . . . . . . . . Investments and other assets indi-
rectly representing bank premiaea or other real estate.............. Customers' liability to this bank on acceptances outstanding... . . . . . . . Other Assets..... . . . . . . . . . . . . . . . . .
Total Assets.................. I

738,974.31 1 ,044 ,334 .03
198,649.85 None None
759,519.28 2,500.00 10.000 .00
None None None 2, 753,977.47

LIABILITIES Demand deposita.................. I Time deposita.................... . Deposita of U.S. Government ..... . DBJ!O'!i~a of States and political aub-
diviatous ...................... . Deposita of banks................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances ezecuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~=f:!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1, 724,918.38 454,938.12 None 203,218.46 None
13,758.62 None
None 10,000.00 100,000.00 100,000.00 25,000.00 122,143.89

Total Liabilities.............. .1 2,753,977.47

STATEMENT Showing condition at the close of business December 31, 1961, 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

WM. E. MEADOWS, Cashier.
Began Business: 8-27-1949

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection .......I United States Government obligations, direct and guaranteed..... . Obliga~o}l~ of States and political
su1JdiV1810DB . ......... Other bonds, notes, and debentures.. Co_l]IOrate stocks (including stoek of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fiJ:tures........................ . Real estate owned other than bank
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.................. I

317,401.91 505,000.00
5,000.00 None None
977,024.19 89,300.63 None
None None None 1,893, 726.73

LIABILITIES Demand deposita................I Time depos1ta.................... . Deposita of U. S. Government ..... .
De.rvT!l~~~ ~~~- ~~ ~l~t.i~. ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances ezecuted by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
?ur.!t:!:::::::::::::::::: ::::::: :
Undivided profits................. .
Raervea..... ....... .

885,209.00 706,614.49
None
111,273.63 None
8,522.62 None
None 1.487.60 100,000.00 50,000.00 30,619.39
None

Total Liabilities...........I 1,893,726.73

FORTY-SECOND ANNUAL REPORT

77

STATEMENT Showing condition at the elose of business December 31, 1961, of

BANK OF HAZLEHURST Hazlehurst, Ga.

As ealled for by the Superintendent of Banks

CHARLES ROGERS, President.
Date of Charter: 10-19-1906

MARY WALKER, Cashier.
Began Business: 10-1906

ASSETS Cash, balances with other banks, in-
cluclinJ reserve balances, and cash itema 1n proeeeo of collection ...... S United States Government obligations, direct and guaranteed . . . . . .
0~~~To,:>.f..~~~~. ~~..~~i~~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounta (including over-
draft&) .... 0 0 00 0 0 00 0 0 00 00 00 00 0 0 0 Bank premises owned, furniture and
fiztureo ........................ . Real estate owned other than bank
premises....................... . Investments and other asseta indi-
~~!~te~e':'~:!':. ~~..~r~~
Customers' liability to this bank on acceptances outatanding...... . . . .
Other .Asaeta. . . .. .. .. .. . . . . . . . . . .
TotalAsseta.................. s

983,901.09 1 ,446 ,226. 33
19,000.00 None None
571,928.40 2.00 None
None None 8, Oll .87 3,029,069.69

LIABILITIES

Demand deJlOIIita.................. S 2,038,404.03

Time depostta.................... . Deposita of U. B. Government ..... .
nec~t::.~ ~~~. ~~ ~~~t!~ ~~~

152,233.68 5,706.26
466,789.41

g~~t:!..?t..rt:.;rt.ifi.;d M:ci .;fi;~;a 17,768.45

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

18,506.06

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

None

count of this bank and outstand-

ing........................... .

None

Other liabilities................. ..
~::::~:.::: :::: :: :: :::::::::: ::::
Undivided profita................. . Reserves ........................ .

29,145.93 100,000.00 100,000.00 85,515.87 15,000.00

Total Liabilities.............. S 3,029,069.69

STATEMENT Showing condition at the elose of business December 31, 1961, of

BANK OF HIAWASSEE Hiawassee, Ga.

As ealled for by the Superintendent of Banks

H. D. PARIS, President.
Date of Charter: 6-14-1909

ELOIS D. ANDERSON, Cashier.
Began Business: 7-21-1909

ASSETS Cash, balances with other banks, in-
cludillj( reserve balances, and cash items tn process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~D!' of States and political aubdivtatona . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounta (including overdrafts) ........................ . Bank premises owned, furniture and fixtures....................... .. Renl 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..................... .

477,735.95 574,454.81
86,225.51 224,665.63
None 658,941.30
12,927.77 None
None None None

Total Asseta................. S 2,034,950.97

LIABILITIES S Demand deJlOIIita................ . Time depostta.................... . Deposita of U. B. Government . . . . . .
D:t::.~ ~~~. ~~ ~~~t.i~l. ~~~
Deposita of banks............... .. Otller deposita (certified and officers'
checka, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. .
~::;:e!.:::::::::::::::::::::::::
Undivided profita................. . Reserves ........................ .

861,295.02 787,788.09
4,423.76 143,468.05
None 32,365.88
None
None 15,174.06 50,000.00 50,000.00 90,436.ll
None

Total Liabilities.............. S 2,034,950.97

_7_8_ _ _ _ _ _ _ _ _ _D:c__E_P_A_R:..__:TMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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-
cludintt reserve balances, and eaah items m process of collection ...... S United States Government obligations, direct and guaranteed ..... . Oblip~io~ of States and political
BUbdlVIBJODI ..... , , .... ,
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts Cincluding over-
drafts) ........................ . Bank premises owned, furniture and
fi:rturea........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. .
:::: : Customers' liability to this bank on
Otbac:=:~. ~~~~~~~~:::::

431,882.57 801,391.90 168,090.51 198,718.75
None 1,003,122.35
15,779.31 None
None None 5,381.47

Total Assets.................. S 2,624,366.86

LIABILITIES Demand deposita................. S Time deposita.................... . Deposita of U.S. Government..... . DeJ?OI!i! of States and political oub-
divistona ...................... . Deposita of banka ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities................. .. Capital.......................... . Surpluo ......................... . Undivided profits................. . Reserves........................ .

1,283,534.30 368,296.67 124,464.85 587,318.95 None 4,264.36 None
None None 60,000.00 100,000.00 72,987.73 23,500.00

Total Liabilities.............. S 2,624,366.86

STATEMENT Showing condition at the close of business December 31, 1961, of

THE cmZENS BANK Hogansville, Ga.

As called for by the Superintendent of Banks

JOHN R. HINES, President.
Date of Charter: 11-30-1961

W. P. ARNOLD, Cashier.
Began Business: 12-11-1961

ASSETS Cash, balances with other banks, in-
cluding reserve balanCI't!, and cash items in process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political aubdiV1810ns ................... . Other bonds, notes, and debentures.. Corporate stocka (including stock of Federal Reaerve Bank} .......... . Loana and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures............... Real estate owned other than bank premises....................... Investment and other aaaeta indirectly representing bank premises or other real estate ............. . Customers' liability to thia bank on acceptances outstanding......... . Other Assets..................... .
Total Aoaeta .................. S

320,482.89 200,499.05
3,801.17 None None
427,999.33 28,133.00 None
None None 960.25 981,875.69

LIABILITIES Demand deposita.................. S Time depos1ts.................... . Deposita of U. S. Government ..... .
DeJ?OI!i! of States and political aubdivistons ...................... .
Dej)OB.ita of banks ................ . Other deposita (certified and officers'
checka, etc.) ................... . Bills payable.................... ..
Acceptances executed by or for account of thia bank and outstanding ........................... .
Other liabilities ................. ..
~~~~!::::::: :::::::::::::::::::
Undivided profits................. . Reserves ........................ .

701,917.97 58,755.83 None 54,762.94 None 2,489.86 None
None 12,962.85 100,000.00 35,000.00 15,986.24
None

Total Liabilities.............. S 981,875.69

FORTY-SECOND ANNUAL -R--E-P-O-R--T--------------------7-9
STATEMENT Showing condition at the close of business December 31, 1961, of

EMPIRE BANKING COMPANY Homerville, Ga.

As called for by the Superintendent of Banks

J. L. SUMMERLIN, President.
Date of Charter: 3-1-1945

CHAS. T. LODER, Cashier.
Began Business: 6-1-1945

ASSETS Cash, balances with other banks, in-
eludin~ reserve balances, and cash items m process of collection ...... S United States Government obligations, direct and guaranteed ..... .
0~~f:J\~!fon'::..~~~~~. ~~. ~~i~~':'~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

602,853.50 530,325.00
15,786.50 None None
814,733.07 7,823.12 None
None None None

Total Assets ................. S 1,971,521.19

LIABILITIES Demand deposits................. S Time depostts.................... . Deposits of U.S. Government ..... .
D'Ji~!l~n~~ ~~~~~s. ~~~. ~~~t~~. ~~~
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 ........................

878,378.89 642.267.32
20,308.43
268,010.76 None
5,040.92 None
None None 50,000.00 50,000.00 32,514.87 25,000.00

Total Liabilities.............. S 1,971,521.19

STATEMENT Showing condition at the dose of business December 31, 1961, of

WILKINSON COUNTY BANK Irwinton, Georgia

As called for by the Superintendent of Banks

H. E. STEPHENS,

ROBT. C. McGINTY,

President.

Cashier.

Date of Charter: 7-16-1907

Began Business: 7-16-1907

=============;======-=--=-==-=-=-:---_---==.c.--=

ASSETS Cash, balances with oth<>r banks, in-
eluding rt>scrve balan,es, and cash items in proc'ss of colJcction ...... S United States Government obligations, direct and guarantef"<l ..... . Oblip;at_io.n~ of Stat<>s and political subdlVISlOnS . . . . . . . . . . . . . . . . . . . . Other bonds, notrs, and d~henturPs .. Corporate stocks (inclurling stock of Fed~ral Rrsene Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate own<>d other than bank premist>s....................... .
Investments and othPr assets indirectly reprpsenting bank premises or other real f"statc ............. .
Customrrs' liability to this bank on acceptan("CS outstanding ......... .
Other Assets..................... .

432,829.17 220,000.00
21,117.35 208,893.75
None 519,526.18
20,915.90 1.00
None None None

LIABILITIES Demand deposits ..................S Time depostts.................... . DPposits of U. S. Government . . . . . .
D'Ji~\'!l~n~f ~~~tes. ~~.d ~o.l~ti~al ~u~ n..posits of hanks ................ .
Other rleposits (certified and officers' checks, etc.) ................... .
Rills payable..................... . Acceptan('PS rxc<"utr.d by or for ac-
count of this bank and outstanding ........................... . Oth<>r liabilities . . . . . . . . . . . . . . . . . . . Capital. ......................... . Rurplus ......................... . Undivided profits................. . Reserves ............. 0 0

587,659.91 415,561.39
12,851.16
256,588.83 None
11,872.42 None
Non<' 5,979.84 50,000.00 50,000.00 32,769.80
None

Total Assets .................. S 1, 423 ,283 .35

Total Liabilities.............. S 1,423,283.35

80

DEPARTMENT OF BANKING -------------------

STATEMENT

Showing condition at the close of business December 31, 1961, of

JASPER BANKING COMPANY Jasper, Ga.

As called for by the Superintendent of Banks

MARK H. MOORE, President.
Date of Charter: 1-17-1945

JAY L. HARRISON, Cashier.
Began Business: 3-12-1945

=======================T=========-======~-~==~

ASSETS Cash, balances with other banks, in-
cluding reserve balance&, and <;aah items in process of collection ...... I United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
8Uhd1Vl810D8 . , ........
Other bonds, notes, and debentures.. Corporate stocks (including stock or
Federal Resene Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Asaets..................... .

734,625.41 1,035,026.60
None 399,187.50
None 1,135,521.55
24,990.21 None
None None 1,196.58

LIABILITIES Demand deposits................. I Time deposits.................... .
.. Deposits of t:. S. Government ..... .
D'J:~T!l~n~r State. an~ po.lit_i~al_ sub~
DrposiIs of hanks ................ . Other deposits (certified and officers'
rheeks, etc.) ................... . Rills payable..................... . Arcrptanrf's exerutOO by or for a~
count or this bank and outstanrling ........................... . Other liabilities .................. .
~:rit~! ..::.::::::::::::::::::::
l'nvided profits................. . Reserves ........................ .

1,443.062. 77 1,202.495.72
97,587.01
299.265.77 10,000.00
None None
None 7,235.55 50,000.00 50,000.00 145,901.03 25,000.00

Total ABBeta ................. I 3,330,547.85

Total Liabilities.............. 1 3,330,547.85

STATEMENT Showing condition at the close of business December 31, 1961, of

WAYNE STATE BANK Jesup, Ga.

As called for by the Superintendent of Banks

W. GLENN THOMAS, President.
Date of Charter: 8-5-1953

R. W. WOODRUFF, Cashier.
Began Business: 1-2-191i4

ASSETS Cash, balances with other banks, in-
cludinfE reserve balances, and cash it.ema In process or collection ...... I United States Government obligations, direct and guaranteed ..... . Oblicat.i~~ or States and political
8Ubd.JVJ8JOD8. , , .....
Other honda, notes, and debentures.. Coi]IOrate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premisea owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other asaeta indi-
rectly rep~nting bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Asseta..................... .
Total Assets.. . . . . . . .. . . . . . . . I

253,337.06 305,224.80
None 344,726.56
None 827,103.42
9,501.67 None
17,000.00 None
3,222.04 1 ,760, 115. 55

LIABII.ITIES Demand deposits................. I Time depos1ts.................... . Deposita of U.S. Government ..... .
D'Jfv'l!l!n~r ~~t~s. ~~-~ -~~l~t.ic~l. ~~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills pavable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~~;t:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

820,428.82 538,063.30
14,155.88
190,137.67 None
15,602.73 None
None 4,908.50 100,000.00 50,000.00 26,818.65
None

Total J,iabilities.............. I 1,760,115.55

FORTY-SECOND ANNUAL REPORT

81

STATEMENT Showing condition at the close of business December 31, 1961, of
BANK OF JONESBORO Jonesboro, Ga.

As called for by the Superintendent of Banks

C. S. CONKLIN, President.
Date of Charter: 10-6-1903

JAMES W. WATTERSON, Cashier.
Began Business: 11-7-1903

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cub items in proceoo of collection ...... :$ United States Government obligat.iona, direct and guaranteed . . . . . . Obligat.io_n~ of States and political SUbdiVIBIOnB . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate stocka (including atock of Federal Reserve Bank)... . . . . . . . . Loans and discounts (including overdrafts)......................... Bank premises owned, furniture and fid.ures....................... . . Real estate owned other than bank premises.... . . . . . . . . . . . . . . . . . . . . Investments and other asacts indirectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.......... Other Aaaets......................

525 ,162. 01 2 ,228,345 .55
198,438. 69 100,211.20
None 1,026,311.77
50,268.38 None
None
Non~
2,096.42

Total Aaaeta.................. $ 4 ,130,834.02

LIABILITIES

Demand deposita.................. $

TDiempoesditea.,.o,.tI!lTS..S...

................. Government .....

. .

D':fl~!l~n~f. S~~tea. ~~-~ _P_"_l~t.i~~l. ~u~

Oepoaits of hanks ................ . Otlier deposits (certified and officers'
checks, etc.) ................... . Bills payable ..................... . Acceptances executed by or for ac-
count of this bank and outstanding; ........................... . Other liabilitiea .................. . Capital. ......................... . Surplus ......................... . Undhided profits................. . Reserves ........................ .

1,192,640.79 783,549.67 175,881.86
1,697,188.18 None
21,155.87 None
None 26,181.46 100,000.00 100,000.00 34,236.19
None

Total Liabilities.............. $ 4,130,834.02

STATEMENT

Showing condition at the close of business December 31, 1961, 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 Cub, balances with other banks, in-
~ludin!' reserve balances, .and cub 1tema 1n process of collection: ..... $ United States Government obligations, direct and guaranteed ..... . Obliga~o~ of States and political
SubdiV1810D8 . ..... , ........... .
Other bonds, notes, and debentures.. Corporate stocks (Including atock of
Federal Reserve Bank) .......... . Loans and discounts (includinc over-
drafts) ....................... Bank premises owned, furniture and
fid.ures........................ . Real estate owned other than bank
premises....................... . Investments and other BISeta indi-
:"~~te~~':l"'~:!:. ~- -~r~~
Customers' liability to tbia bank on acceptances outstanding......... .
Other Aaaeta..................... .

453,185.19 894,474.66
None None None 865,519.28 36,429.20 None
None None None

Total Aaaets .................. $ 2 ,249,608. 33

LIABILITIES Demand deposits................. $ Time deposits.................... Deposita of U. S. Government .....
D':f;~:.:;~ ~~~- ~~- ~~~~- ~~~
Deposits of banks................ . Other deposita (certified and oflicera'
cbec~, etc.) ................... . Billa payable..................... Acceptances executed by or for ao-
count of tbia bank and outstanding ........................... Other liabilities.................. . Capital. ......................... Surplus ......................... . Undivided profits................. . Reserves........................ .

604. 117. fi4 948,809.04
None 461.976. fi4
None 5,053.54
None
None None 50,000.00 100,000.00 50,000.00 29,651.47

Total Liabilities.............. $ 2,249,608.33

82

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

THE BANK OF LAFAYETTE, GEORGIA LaFayette, Ga.

As ealled for by the Superintendent of Banks

BOB D. GILBERT, President.
Date of Charter: 11-13-1889

W. L. BAKER, Cashier.
Began Business: 1899

ASSETS

Caah, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection...... S 1,268,432.38

United States Government obliga-

tions, direct and guaranteed ..... . 1,975,646.63

o".l~f!J\~~~o.:'.f..~~~ .~~..~~~~i.~ 639,204.43

Other bonde, notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . 2,002,650.57

Bank premi.oea owned, furniture and

fil<tures ........................ .

108,666.46

Real estate owned other than bank

premiBell ....................... .

3,000.00

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:.................... .

554.71

Total Assets .................. S 5 ,998 , 155 . 18

LIABILITIES Demand deJ>oaita..................S Time depoatta.................... . Deposita of U.S. Government ..... .
D~!1~:.~ ~~~~. ~~ ~l~t.i~l. ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:r~f:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

2,538,981.01 1,726,753.89
88,579.53 1,054,204.81
None 6,284.11
None
None 65,733.15 100,000.00 300,000.00 117,618.68
None

Total Liabilities.............. S 5,998,155.18

STATEMENT Showing condition at the elose of business December 31, 1961, of
THE CITIZENS AND SOUTHERN BANK OF LAGRANGE LaGrange, Ga.

As ealled for by the Superintendent of Banks

HARRY R. SPIKES, President.
Date of Charter: 7-23-1937

V. HAWLEY SMITH, Cashier.
Began Business: 8-2-1937

ASSETS Cash, balances with other banks, in-
cluding reserve balan<"es, and cash items in process of collection ...... S United Statea Government obligations, direct and guaranteed. . . . . . Oblillat_io.n~ of Statea and politit'al
SUbdlVISlODS. . . . . . . . . . .
Other bonde, notes, and debentures.. Corporate stO<'ks (inclucling stO<"k of
Federal Rt'serve Bank)........... Loans and discounts (including over-
drafts)......................... Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises..... . . . . . . . . . . . . . . . . . . . Investments and other asseta indi-
rectly representing bank premises or other real catate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.. . . . . . . . . Other Aaaeta. . . . . . . . . . . . . . . . . . . . . .

2 , 498, 335 . 53 4, 594,897. 49 2,049,583. 76
None 6,000.00 7,271,888.23 100,996.58
None
None None 46,462. 67

Total Assets ................. S 16,568,144.26

LIABILITIES

Demand deposita................. S 7,476,560.81

Time deposits.................... . 5,145,989.82

Deposita of U. S. Government ..... . 602,199.77

D'Ji~~!l~n~f ~~~t~a. ~~~..p.~l~t.i~~~. ~~~~ 1,037,580.69

DeposiIs of banks ................ .

28,000.00

Other deposits (certified and officers'

cheeks, t'tc.) ................... .

28,854.55

Rilla payable..................... .

None

Acceptanres executed by or for ac-

count of this bank and outstand-

ing ........................... .

None

Other liabilities .................. . 954,573.31

~:r~r~!.:::::::::::::::::::::::::

500,000.00 500,000.00

Undivided profita ................. .

11,075.54

Reserves ........................ . 283,309.77

Total Liabilities.............. S 16,568,144.26

FORTY-SECOND ANNUAL REPORT

83

STATEMENT

Showing condition at the close of business December 31, 1961, of

LAGRANGE BANKING COMPANY LaGrange, Ga.

As called for by the Superintendent of Banks

A. E. MALLORY, JR. President.
Date of Charter: 7-8-1941

PAULL. GRAY, Cashier.
Began Business: 9-15-1941

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 ..... .
0~~\~i:.To.:'af..~tat~. ~~~. ~~~i~~cal
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

839,109.14 907,871.& 432,558.31
None None 2,120,783.10 88,248.24 None
None None None

Total Assets .................. S 4, 388,570.67

LIABILITIES Demand deposits..................$ Time deposits.................... . Deposits of U.S. Government . . . . . . DeJ!O!Ii!s of States and political sub-
divisions ...................... . Deposits of banks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:pi~::::::::::::::::::::::::::
un'divided profits................. . Reserves........................ .

2,239,540.33 968,393.66 15,542.52 468,065.38 32,829.31 59.62 None
None 131,255.08 100,000.00 200,000.00 164,221.38 68,663.39

Total Liabilities.............. S 4,388,570.67

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS & MERCHANTS BANK Lakeland, Ga.

As called for by the Superintendent of Banks

W. C. BANKS, SR., President.
Date of Charter: 4-18-1907

G. M. BANKS, Cashier.
Began Business: 1907

ASSETS Cash, balances with other banks, in-
cludinj! r<serve balances, and cash items m process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political aubdJVJ&Jons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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..................... .

531,541.53 697,454.00
None 312,390.00
None 374,565.77
7,155.67 None
None None None

Total Assets . . . . . . . . . . . . . . . . . S I ,923 , I06 .97

LIABILITIES Demand deposits. . . . . . . . . . . . . . . . . S Time deposits.................... . Deposits of U.S. Government ..... . DeJ!O!Ii!s of States and political sub-
divisions ...................... . Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) .... ' .............. . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~~r~t~!.:.- ::::::: :::::::: ::::::::
Undivided profits................. . Reserves........................ .

945,286.78 606,948.08
11,762.76 200,634.96
4,820.17 3,047.42
Non<'
None 2,424.61 25,000.00 50,000.00 23,182.19 50,000.00

Total Liabilities.............. S 1,923,106. 97

84

DEPARTMENT OF BANKING

STATEMENT Showing eondition at the close of business December 31, 1961, of

NORTHEAST GEORGIA BANK Lavonia, Ga.

As ealled 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
Cacslhu,dibnafllarnecseesrvweitbhaloatnhceers,baanndksc, aisnh-
itema1n process of collection......S United States Government obliga:.
tiona, direct and guaranteed ..... . Obliga~i~n~ of States and p;>litical
BUbdiVlSlODS
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) .... ' ................... . Bank premises owned, furniture and
fi:dures........................ . Real estate owned other than bank
premiaes...................... Investments and other aaaeta indi-
:"!).~e~e'"a'f'O:~':. ~~~--~~~~
Customers' liability to this bank on acceptances outstanding......... .
Other Assets..................... .

589,644.26 1,678,884.33
None None None 420,504.29 24,590.06 None
None None None

Total Assets. . . . . . . . . . . . . . .. S 2 ,722 , 622 .94

LIABILITIES Demand deposita..................S Time depos1ts.................... . Deposita of U.S. Government ..... .
D~~!~,!~ ~~~. ~~ ~~~~ ~~~
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........................ .

1,611,884.40 787,120.47 28,496.63 89,274.14 None 3,744.12 None
None 2,075.44 100,000.00 75,000.00 10,027.74 15,000.00

Total Liabilities...............S 2,722,622.94

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE BRAND BANKING COMPANY Lawrenceville, Ga.

As ealled for by the Superintendent of Banks

MRS. LOUISE B. MORGAN, President.
Date of Charter: 6-2-1905

HARRISON W. BRASELTON, Cashier.
Began Business: 7-17-1905

ASSETS

Cash, balances with other banks, in-

cluding f(>serve balances, and cash

items in process of collection...... S 886,924.59

United States Government obliga-

tions, direct and guaranteed ..... . 1,537,094.38

Obliga~io.n~ of States and political

SUbdtVJSIODS ......

708,641.35

Other bonds, notes, and debentures..

99,625.00

Corporate stocks (including stock of

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

6,000.00

Loans and discounts (including over-

drafts) ........................ . 1,988,150.15

Bank premises O\\'ned, furniture and

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

23,241.27

Real estate owned other than bank

premise-s ....................... .

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.................S 5,249,676.74

LIABILITIES Demand deposits..................S Time deposits.................... . Deposits of U.S. Government ..... .
D~!~~0~f Sta~~s. ~~~- ~_l~tic~l. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, Pte.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstand-
ing........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,414,022.11 2,175,380.41
6,889.23 1,151,042.29
None 1,368.18
None
None 8,000.00 100,000.00 100,000.00 272,974.52 20,000.00

Total Liabilities.............. S 5,249,676.74

FORTY-SECOND ANNUAL REPORT

85

STATEMENT

Showing condition at the close of business December 31, 1961, 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, Cashier.
Began Business: 12-1-1947

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

217,134.62 399,133.63
None None None 396,774.62 !1,419.88 None
None None None 1.024,462.75

LIABILITIES Demand deposits..................I Time depostts .................... .
Deposits of U.S. Government ..... .
D'JlZf!l~n~f ~~a~~s. ~~~- ~-l~t~~~~. ~~~
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................. . Reservf"s .....................

506,813.43 161,397.73
6,000.00 215,024.40
None None None
None 5,229.34 25,000.00 42,000.00 62,997.85
None

Total Liabilities.............. $ 1,024,462. 75

STATEMENT

Showing condition at the close of business December 31, 1961, of
BANK OF LENOX Lenox, Ga.

As called for by the Superintendent of Banks

R. H. ROBINSON, President.
Date of Charter: 6-20-1907

R. H. ROBINSON, Cashier.
Began Business: 6-25-1907

ASSETS Cash, balances with other banks, in-
cludin~ reserve balances, and cash items 1n process of collection...... $ United States Government obligations, direct and guaranteed . . .... Obliga~io.n~ of States and political subdiv1stons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (includinc overdrafts) ........................ . Bank premises owned, furniture and fiztures........................ . Real estate owned other than bank premises ....................... Investments and other asseto indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets .....................

646,471.41 527,344.28 227,086.07
None None 545,485.14 3,851.07 1.00
2,700.00 None None

Total Assets ................. $ 1,952,938.97

LIABILITIES Demand deposits ..................$ Time depostts.................... . Deposits of U. S. Government . . . . . . DeJ!~i~ of States and poliUcal eub-
divtaona ..................... Deposits of banks................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances ezecuted by or for ac-
count of this bank and outatand-
Otihnegr.l.iabiliU es...................
~::'~~-. ::: :: :::::::: :: :: ::::::::
Undivided profits................. . Reserves....................... ..

698.527.91 552. 806. 5.~ 21,756.13 232,542.64 40,601.49 50,337.66
None
None 16,9.'i0.35 100,000.00 100,000.00 6.883.14 132,533.10

Total Liabilities............ $ I ,ll.'i2 ,938 .97

86 ------------~D~E=P~A=R=TMENT OF BANKI==N~G~---------------

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS & MERCHANTS BANK Lealie. Ga.

As ealled for by the Superintendent of Banks

W. T. ANJ?ERSON, JR., Pres1dent.
Date of Charter: 12-19-1940

ROBT. P. HINES, Cashier.
Began Business: 1-2-1941

ASSETS Cub, balaDcee with other bulb, in-
cludiDJ reaerve balaDcee, and cub itemun ~of oollection.... ._S
United States Government obliptiou, direct and paranteed. . . . . .
~::O.:f. -~~-~. ~~-. ~~i~~
Other bonda, notes, and debenture... Coruorate atoeka (includinc atock of
Jfederal R.erve Bank)........... Loana and diaoounta (includinc over-
draft.)......................... Bank premiaea owned, furniture and
lbd.urea.................. ; . . . . Real eatate owned other than buk
premiaea........................
Iaveetmenta and other - t a indi-
~re::...trea::=. ~- ~~
Cuatomera' liability to thia buk on acceptancea outatandinc...... . . . .
Other Aa.ta. . .. . . . . . . . . . . . . . . . . .

218,214.08 434 , 254 . 27
Non<' 170,000.00
None 183,199.49
ll,179. 99 None
None None None

Totai.Aa.ta................. S 1,016,847.83

=.;Demand

dCP.C*ta

LIABILITIES ..............

.s

Time depomta................... ..

~ ~t.~::r:u~!ai-...

diviatona ...................... .

~.\:;!.\:to8riiiieii iUtii om;,m

checka, etc.) ................... .

BiDe payable.................... ..

Aoceptancea uecuted by or for ao-

oount of thia buk and outatandina........................... .

Other liabilitiea .................. .

~':!. :::::::::::::::::::::::::

Undivided pro&ta................. .

R.erv........................... .

571,515.92 308,145.16
5,853.5E 52,268.93
None 431.70
None
None 2,000.00 25,000.00 40,000.00 ll,632.54
None

Total Liabilitiea............ S 1,016,847.83

STATEMENT

Showing condition at the close of business December 31, 1961, of

CITIZENS BANKING COMPANY Le:Dngton, Ga.

As ealled 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

Cult.

balutcea

with

ASSETS other banb,

i.n-

cludinJ reaerve balaDcee, and cub

itema m proceM of oollection...... $

United States Oovt-rnment oblip-

Ob~aulluildui:vtti!~.~.~fon~a .'..!.....~..:....np..oi..i..~.

Other bonda, notes, and debenture..

Coruorate atocka (includinc atock of

Jfederal Raerve Bank) .......... .

Loana and diaoounta (includinc over-

draft.) ........................ .

Bank premiaea owned, furniture and

fbturea........................ .

Beat tate owned other than buk

premiaea....................... .

laveetmenta and other -ta indi-
~::::::=.~-~

Cuatomera' liability to thia buk on

acceptancea outatandinc.......

Other AMeta.................... ..

219,435.52 303,127.80
52,918.34 ll9,937 .50
None 386,464.53
10,812.50 None
None None 1,418,43

TotaiAMeta................. S 1,094,ll4.62

Demand

LIABILITIES deP.'*ta................

.

s

Time depomta................... ..

~C=one~~.~..i.!.'..~.~..T.:.u..~.!.a..i..~.j.,:.

~~~iUtii"om;,e;e

checka, etc.) ................... . Billa payable..................... . Aoceptancee uecuted by or for ac-
oount of thia buk and outatand-
Othm:,ti&bui~::::::::::::::::: ::

~t:. :::::::::::::::::::::::::

Undivided pro&ta................ ..

R.ervea...... ... .

a!ll! ,185. 90 413,717.09
7,812.19 206,147.19
None 3,724.79
None
Non~
None 50,000.00 15,000.00 15,527.46
None

Total Liabilitiea....... S 1,094,ll4.62

FORTY-SECOND ANNUAL REPORT

87

STATEMENT Showing condition at the close of business December 31, 1961, of

FARMERS STATE BANK Lincolnton, Ga.

As called for by the Superintendent of Banks

W. B. ALBEA, President.
Date of Charter: 9-26-1911

GEO. C. LEVERETT, JR., Cashier.
Began Business: 12-2-1911

ASSETS Cub, balances with other banks, in-
cludinp: reserve balances, and cash items 1n proceea of collection...... $ United States Government obligations, direct and guaranteed ..... . Ob)iga~io~~ of States and political
sul>dtVJSJODa ......
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Yederal Reserve Bank) .......... . Loans and diaeounta (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premieea....................... . Investments and other aaaeta indi-
:C!~\e~e=~:::'t!. ~~- -~r~~
Customers' liability to this bank on acceptances outstanding......... .
Other Assets..................... .

628,673.74 987,826.75 208,694.65
75,030.00 None
608,120.60 2.00 None
None None None

Total Assets .................. $ 2,508,347. 74

LIABILITIES Demand deposita.................. $ Time depoe1ts.................... . Deposits of U.S. Government ..... .
D";R~l~.:f. ~~~":'. ~~~- ~~~t~~~. ~~~
f:;~c\:;!J':.~riifi..d imd "omw.; checks, f'tc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~~f:!.:::::: :::::::::::::::::::
Undivided profits................. . Reserves........................ .

937.009.24 1,001,689.26
12,207.87 305,909.16
None 730.00
None
None 1,864.75 50,000.00 50.000.00 105,207.35 43,730.11

Total Liabilities...............$ 2,508,347.74

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE PEOPLES BANK Lithonia, Ga.

As called for by the Superintendent of Banks

G. OGDEN PERSONS, II, President.
Date of Charter: 8-26-1910

W. L. WILLIAMSON, Cashier.
Began Business: 1910

ASSETS Cash, balances with other banks, in-
cludinp: reserve balances, and cash items m proceea of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political subdiVISions . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debenture~~ .. Corporate stocka (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overt drafts) ........................ . Bank premieea owned, furniture and fixtures.................. : ..... . Real estate owned other than bank premises..................... Investments and othr assets indirectly representing bank premieea or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
TotaiAaaets................. s

247,197 .Oil 608,612.27
None 119,868.75
None 6011,531. 85
10,530.21 None
None None None 1,595,740.17

LIABILITIES Demand deposita..................$ Time depoe1ts.................... . Deposits of U.S. Government ..... . De~! of States and political sub-
divistona ...................... . l)eposits of banks................ . other deposits (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding." ......................... . Other uabilities.................. .
~:;t:!.::: :::::: ::: ::: :: ::: :: :::
Undivided profits................. . Reserves ........................ .

983,556.17 260,617.53 41,663.21 136,915.62
None 6,317.02
None
None None 25,000.00 75,000.00 26,670.62 40,000.00

Total Liabilities...............S 1,595,740.17

88

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE FARMERS BANK Locust Grove, Ga.

As called for by the Superintendent of Banks

M.M.BROWN,
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 cashS items in process of collection..... . United States Uovemment obligations, direct and guaranteed ..... . Obliga~o.n~ of States and political
8Ubd1Vl810D8
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures............... Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other rt'al estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets .............. :. . S

132,075.09 217,837.50
None None None 272,855.88 9,861.86 None
None None Nonl' 632,630.33

LIABILITIES Demand deposits ..................S Time depos1ts.................... . Deposits of U.S. Government..... .
D'Jl~T!l~,!f ~~a~~s. ~~~- pol~t.i~l. ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... Other liabilities ................. 0 0
~.~r~r~!..:: :::::::::: :::: ::::: :::
Undividcd profits................. . Reserves ........................ .

435,752.00 78,904.10
1,668.65 29,709.80
None 5,052.97
None
None 8,000.41 30,000.00 20,000.00 23,542.40
None

Total Liabilities.............. S 632,630.33

STATEMENT Showing condition at the close of business December 31, 1961, 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

J. FRANK LEE, Cashier.
Began Business: 10-5-1946

ASSETS Cash, balances with other banks, in-
~luJi~ reserve balances, .and cash 1tems 1n process of collection...... S United States llovernment obligations, direct and guaranteed ..... . Obliga~io~~ of States and political subd1vtatona ................... . Other boncls, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) ..... o.. o. o Loans and disoounts (including overdrafts) ...................... Bank premises owned, furniture and fixtures ........ 0 0 Real estate owned other than bank premises....................... . Investments and other assets indirectly representing bank premises or otht'r real estate. 0 o.. Customers' liability to this bank on acceptances outstanding........ . Other Assets. 0 0 oo0 0 0 0 o. . . . .
Total Assets .......... 0 .... oo S

115,719.75 338,525.63
None None None 337,033.52 10,629.43 None
Sone Non" 1,486.61 803,394.94

LIABILITIES Demand deposits . . . S 0 0 0 Time depORits . . . . . . 0 0 0 0 0 0 Deposits of U. So Government ..... .
D'Jl~!~n~f. ~~t~s. ~~~- ~-l~t.i~lo ~~~
Deposits of banks .......... 0 0 Other deposits (certified and officers'
checks, etc.) .... 0 0 Bills payable. 0 0. 0 Acceptances executed by or for ac-
count of this bank and outstanding . . . . . . . . . . . . . . . . . . o ... o. o. o Other liabilities ... 0 ..... o....... o.
~~r~r~!.'..:::: :::::::::::::::::::
Undivided profits ........ o........ . Reserves ............ 0

336,205.37 303,749.76 28,327.27
49,707.81 10,000.00
256.14 None
None 1,500.00 25,000.00 30,000.00 15,648.45 3,000.14

Total Liabilities.............. S 803,394.94

FORTY-SECOND ANNUAL REPORT

89

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF LUMBER CITY Lumber City, Ga.

As called for by the Superintendent of Banks

JOSEPH F. PRESCOTT, President.
Date of Charter: 5-22-1945

W. C. WILLIAMS, Cashier.
Began Business: 7-2-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Uovernment obligations, direct and guaranteed ..... . Obligatio.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 ILSSets indirectly representin,g bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets. . . . . . . . . . . . . . . . . $

130,141.7.5 235,152.49
None None None 247,648.95 2,543.89 None
None None 712.87 616,199.95

LIABILITIES Demand deposits................. $ Time deposots .................... . Deposita of V. S. Government ..... . Deposits of States and political sub-
divisions ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding .......................... .. Other liabilities .................. . Capital. ......................... . Suri'Ius ......................... . Undivided profits................. . Reserves ........................ .

357,061.19 54,0ll.09 9,199.62
100,459.67 None
1.405.05 None
None 4,886.82 25,000.00 50,000.00 14,176.51
None

Total Liabilities. . . . . . . . . . . . . $ 616,199.95

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS STATE BANK Lumpkin, Ga.

Ascalled for by the Superintendent of Banks

WM. P. CARTER, President.
Date of Charter: 10-21-1911

BESSIE D. FORT, Cashier.
Began Business: 12-1911

ASSETS Cash, balances with other bub, in-
cludinJ reaerve balances, and cash items m process of collection......$ United States Government obliptiona, direct and guaranteed..... . Obliaa~i~ of States and political aulxliV1810D8 .... Other bonds, notes, and debentures.. Corporate etocke (including atock of Federal Reserve Bank) ......... Loans and discounte (includina overdrafte) ....................... .. Bank ~ owned, furniture and fbturea ....................... Real estate owned other than bank premieea . . . . . . . . . . . . . . . . . . . . . . . Inveatmente and other -te indirectly ~ting bank ~ or other real eatate............. . Customera' liability to this b&nlt OD acceptances outetandina........ Other :Aeeets..................... .

380,970.53 672,039.97 193,049.65
None None 305.136.35 12,182.16 None
Nonr None None

Total Auete..................$ 1,563,378.66

LIABILITIES Demand d"Jll"ite................. ,$ Time depos1te................... .. Depoeite of U.S. Government..... . Deposi~ of States and political auh-
cli:vieou . . . . . . . . . . . . . . . . . . .
8:Cil~~!riiii..d imd ~iii~ ebecka, ete.) .. Bille payable..................... . Acceptances executed by or for ac-
count of this bank and outetand-
ing ....................
::::::::::::::::::::::::: Other liahilitiee .................. .
~r:.
Undivided pro6te................. . Reaervea ........................ .

924,876.58 349,795.38
89,307.51
66,305.27 None
1,903.05 None
None 17,989.37 50,000.00 50,000.00 13,201.50
None

Total Liahilitiee........... $ 1,563,378.66

90

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

LUTHERSVILLE BANKING COMPANY Luthersville, Ga.

As ealled for by the Superintendent of Bankfl

JIMMY D. NeSMITH, President.
Date of Charter: 10-11-1905

RAYMOND C. BRADDY, Cashier.
Began Business: 8-3-1906

ASSETS Caah, balances with other banks, in-
cludin!l reserve balances, and caah items 1n proceee of collection......$ United States Government obliptione, direct and guaranteed ..... Oblip~O!'!' of States and political
aubdiVIIlODB
Other bonds, notes, and debentures.. Co.!J)C1rate atocke (including stock of
Federal Reserve Bank) ......... Loans and diacounta (including over-
drafts) ........................ . Bank premiaea owned, furniture and
fixtures................ . Real estate owned other than bank
premiaea....................... Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to thia bank on acceptances outstanding......... . Other "-eta..................... .

258,478.40 308,000.00
25,241.21 50,039.06
None 415,873.37
13,930.37 None
None None 696.63

Total Aaaeta ................. $ 1 ,072, 259.04

LIABILITIES Demand depoeita................ , $ Time depoa1ts.................... . Deposita of U.S. Government ..... . DeJ!OI!i! of States and political aub-
divialone ......................
~~t,;!.~!erii&e:.i ;.~"d "office~ checks, etc.) ................... . Billa payable..................... . Acceptance& ezecuted by or for ac-
count of thia bank and outstanding........................... . Other liabilities ................. ..
~:~::.:::: :::::::::::::::::::::
Undivided profits................. . Reserves ........................

583,267.81 219,639.64
850.00
129,409.38 58,522.42
11,318.62 None
None 5,562.67 25,000.00 30,000.00 2,175.37 6,513.13

Total Liabilities.. .. .. .. .. .. . $ I ,072, 259. 04

STATEMENT

Showing condition at the elose of business December 31, 1961, of
THE PEOPLES BANK OF LYONS Lyons, Ga.

As ealled for by the Superintendent of Banks

W. HOLLOWAY, President.
Date of Charter: 5-4-1935

J. A. JOHNSON, Cashier.
Began Business: 6-1-1935

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

625,851.53 710,159.79 74,079.75 46S,OOO.OO
None 835,615.15
4,723.87 Non
Sone Nonr
None

Total Assets ............... $ 2,715,430.09

LIABILITIES Demand deposita..................$ Time depos1ts.................... . Deposits of U.S. Government ..... .
D':ftri!t!n~f. ~~~O:S. ~~~- ~-~~~1. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
chet'ks. etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves .....................

1,480,345. !16 380,832.32 33,960.00
459,814.45 48,263.21
11,888.46 Nonr
None NonP 100.000.00 100,000.00 100,325.69 :-JonP

Total Liabilities.............. $ 2,715,430.09

FORTY-SECOND ANNUAL REPORT

91

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE MERCHANTS AND CITIZENS BANK McRae, Ga.

As called for by the. Superintendent of Banks

R. E. MANN, President.
Date of Charter: 3-28-1929

R. M. PARSONS, Cashier.
Began Business: 2-23-1929

ASSETS Cub, balances with other baoka, in-
s cludi~ reserve balances, and cash
items 1n proceoa of collection ...... United States Government ,btiga-
tions, direct and guaranteed ..... . Oblin~i~"!' of States and political
8UbdiVI8lOD8
Other bonds, notes, and debentures.. Coroorate stocks (including stock of
F'ederal Reserve Bank) .......... . LOans and discounts (including over-
drafts) .......... : ............. . Bank premises owned, furniture and
fizturea........................ . :Real estate owned other than bank
premises....................... . Investments and other aa...ta indi-
rectly representing bank premises or other real estate............. . Cuatomera' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

811,463.41 1,205,972.53
2M,427.76 100,000.00
None 696,732.45
2.00 None
None None 70.49

Total Aaaeta ................ .S 3,068,668.64

LIABILITIES Demand deposita................. S Time deposits.................... . Deposita of U. 1'1. Government ..... .
D~~!n~f. ~~~O:S. ~~~- ~-~~~- ~~~
Deposita of banks................ . Other deposita (certified and oflicera'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital.......................... . Surolus ......................... . Undivided profits................. . Reserves ........................ .

2,183,618.16 160,929.75 40,723.21 323,015.33 10,000.00 1,494.53 None
None 48,876.97 100,000.00 100.000.00 35,000.00 65,010.69

Total Liabilities.............. S 3,068,668.64

STATEMENT
Showing condition at the close of business December 31, 1961, of
GEORGIA BANK & TRUST COMPANY Macon, Ga.

As called for by the Superintendent of Banks

LOGAN LEWIS,
President. Date of Charter: 6-9-1960

DON W. GORDON,
Cashier. Began Business: 7-1-1960

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...... Obligat.io!'~ of States and political
SUbdiVISIOnS. . . . . . . .
Ot.her bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts)......................... Ban~ premises owned, furniture and
fixturf's......................... Real estate owned other than bank
premises..... . . . . . . . . . . . . . . . . . . . Investments and othPr assets indi-
rectlv representing bank premises or otner real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.......... Other Assets. . . . . . . . . . . . . . . . . . . . . .

967 ,051i.89 2,838,554.05
190,648.69 200,000.00
None 3,077,952.09
39,418.35 None
None None 13,885. 87

TotaiAssets .................. S 7,327,514.94

LIABILITIES Demand deposits.................. S Time dcpostts.................... . Deposits of V. S. Government ..... .
D";WvT!l~n~f ~~~~es_ ~n~. ~-ol~t.i~~~- ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable ..................... . Acceptances cxeouted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

3,467,032.30 550,289.83 264,609.84
1,351,140.85 249,700.26 10,064.53 None
None 84,262.39 812,500.00 325,000.00 212,914.94
None

Total Liabilities............. S 7,327 ,514. 94

92

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, 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 ...... I United Stairs Government obligations, direct and guaranteed......
0'::~t"-Jiri~Ton~f. -~~-a.~~.~~.~. ~~i~~~~l
Other bonds, noteo, and debentures. . Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over
drafts)......................... Bank premises owned, furniture and
fil<turi!B......................... Real estate owned other than bank
premises........................ Investments and other aasets indi-
~';"!~he~ef::i':::~~:. ~~~~- .~r~~~
Customers' liability to this bank on acceptances outstanding..........
Other Aascts. . . . . . . . . . . . . . . . . . . . . .
Total Aasets ..................I

363,210.32 1,003,543.31
36,324.60 None None
1,084,632.79 18,695.55 None
None Nont> None 2,506,406.57

LIABILITIES Demand deposits................ I Time depos1ts.................... . Deposits of U. S. Government ..... .
D':liv~!l~n~f. ~~~~~s. ~~ ~.~~~~-i~~~- ~~~
Deposits of banks................ . Other deposits (certified and officers'
checks, etc.} ................... . Bills payable..................... . Acceptanees executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~~f~}~!:..:::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,047. 738.60 1,080,379.18
15,129.97 144,984.92
None 1,004.00
None
None None 50,000.00 40,000.00 127,169. !lO None

Total Liabilities.............. I 2,506,406.57

STATEMENT

Showing condition at the elose of business December 31, 1961, of

BANK OF MANCHESTER Manchester, Ga.

As called for by the Superintendent of Banks

CLAUDE A. BRAY, President.
Date of Charter: 1-28-1910

ROBT. A. KELLUM, JR., Cashier.
Began Business: 2-2-1910

ASSETS Cash, balances with other banks, in-
cludinJl reserve balances, and cash items 1n process of collection...... I United States Government obligationa, direct and guaranteed ..... .
O~~~:~on~f..~~~. ~~..~~i~i.~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank} .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures...................... Real estate owned other than bank
premises....................... . Investments and other aaseta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aasets..................... .
Total Aasets ................. I

863,952.13 766,054.00 426,525.46 599,437.50
None 1,356,079.88
30,596.12 7,382.75
None None 4,853.57 4,054,881.41

LIABILITIES Demand deposits................. I Time deposits.................... . Deposits of U. S. Government ..... . DeJ?OI!i~a of States and political aub-
div1810na ............... ....... . Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.} ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatand ing ............. : .. ........... . Other liabilities .................. .
~:r~f:!.::: :::::: :: :: :::: ::: :::: :
Undivided profits................. . Reserves........................ .

1,783,631.03 1,269,342.25
32,394.74 553,791.02
None 4,399.32
None
None 63,764.67 120,000.00 130,000.00 77,558.38 20,000.00

Total I.iabilitiea.............. I 4,054,881.41

FORTY-SECOND ANNUAL REPORT

93

STATEMENT

Showing eondition at the close of business December 31, 1961, of
FARMERS AND MERCHANTS BANK OF MANCHESTER Manehester, Ga.

As called for by the Superintendent of Banks

ELMER LOFTIN, President.
Date of Charter: 10-7-1947

BUFORD M. MOORE, Cashier.
Began Business: 2-2-1948

ASSETS Caah, balances with other banks, in-
cluding reserve balances, and caah itema in process of collection. . . . . . S
United States Government obligations, direct and guaranteed. . . . . .
?~!f.';N~o:1..~~~. ~~ .~~i~~
Other bonds, notes, and debentures..
Co~~!,j' Ce(~:k~ .~~~. ~~
Loans and discounts (including overdrafts).........................
Bank premises owned, furniture and fixtures ................... . . . . . .
Real estate owned other than bank premises. . . . . . . . . . . . . . . . . . . . . . . .
Investments and other aaaets indi-
:"!~f.e~efe3::!':. ~~..~~~
Customers' liability to this bank on acceptances outstanding..........
Other Aaaeta. . . . . . . . . . . . . . . . . . . . .

1,035, 079 . 39 405,000.00 None None None 658,094.51 28,640. 27 O.S2. 25
None None 2, 575.00

Total Aaaeta ................. S 2,130,341.42

LIABILITIES S Demand deposita................ .
Time deJIOI!lt&. . . . . . . . . . . . ..... Deposita of U.S. Government ..... . DeJ!O!i~ of States and political aub-
divialona ...................... . Deposita of hanks ................ . Other deposita (certified and officera'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~:::.~.:::::::: :::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,068,618.17 584,649.83 42,748.90 314,513.20 None 2,123.92 None
None 5,448.36 50,000.00 50,000.00 12,239.04
None

Total Liabilities.............. S 2,130,341.42

STATEMENT Showing condition at the close of business December 31, 1961, 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
C..h, balancea with other banb, incluclinJ reserve balancea, and eaah itemsm proceu of collection..... S
United States Government obliptiona, direct and auaranteed ..... .
o~~:O.::..~~~. ~~ -~~~~
OCothrpeor rbaotnedast,oncoketes(1macnlduddienbgeenttoucrkeso..f Federal Reserve Bailk) ..........
Loan. and diacounta (including overdrafta) ........................ .
Bank premises owned, furniture and fixtures ........................
Ileal estate owned other than bank
premieea ...... Inveatmenta and other aueta indi-
rectly representing bank premises or other feel estate ............. . Cuatomera' liabiHty to thia bank on acceptances outatanding......... . Other Alleta..................... .
Total Alleta................. S

176,073.05 126,000.00
None 75,000.00
None 266,611.76
941.50 None
None None None 644,626.31

LIABILITIES Demand deposita.............. S Time deJ)OIIlte.................... . Deposita of U.S. Government ..... . DeDoai!a of States and political aub-
aDd-; divimona ......................
8tl:"~':'~ checks, etc.) ................... . Billa payable..................... . Acceptancea executed by or for ac-
COUDt of thia bank and outatandiq........................... .
Other liabilities................. ..
~1:!::::: :::::::::::::::::::::
Undivided profita................. . Reaervea ....................... ..

310,576.10 172,371.33
396.94 57,464.90
None 4,210.77
None
None 498.27 25,000.00 60,000.00 14,108.00
None

Total Liabilities.............. s 644,626.31

94

-D--E-PA--R-T-M-E-N-T--OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

COBB EXCHANGE BANK Marietta, Ga.

As called for by the Superintendent of Banks

ROSSER N. LITTLE, President.
Date of Charter: 12-18-1906

JAS. W. HAMES,
Cashier. Began Business: 1-1-1907

ASSETS Caeh, balancee with other banke, in-
cludinfr reeerve balancee, and caah items m proceee of collection...... $ United Statae Government obl.igatione, direct and guaranteed ..... .
O~!.fJf~:o.=. -~~~. ~~-. ~~i~~
Other bonds, notae, and debenturee.. Corporate atocke (includina stock of
Federal Reeerve Bank) .......... . Loans and diecounta (includins over-
drafts) ........................ . Bank premieee owned, furniture and
fisturee.... : ................... . Real eetate owned other than bank
premieee....................... lnveetmenta and other aeeeta indi-
rectly repreeentins bank premieee or other real eetate............. . Cuetomen' liability to this bank on acceptancee outatandins......... . Other Aeeeta..................... .

2,829,234.65 2,021,331.16
285,609.33 None None
4,642,595.83 132,585.83 None
None None 30,283.74

Total Aeeeta. .. .. .. .. .. .. .. .. $ 9, 941 ,640. 54

LIABILITIES $ Demand depoeita................. . Time depoe~ta.................... . l)epoeita of U. 8. Government ..... . DeJ!O!i!B of Statae and political eub-
divielODII . ..................... .
~.1:;!.\:tcerliii"ed ;.;.d c,m.;,e.:a ehecka, etc.) ................... . Billa payable..................... . Aceeptancee esecuted by or for ac-
count of thie bank and outatandina........................... . Other liabilitiee ................. ..
~::;!r:!.::: :: :::: :: ::: :::::::::: :
Undivided profits................. . Reaervee........................ .

5,639 ,041. 99 1,911,211.64
185,000.51 1,290,642.00
None 51.00 None
None 157,819.08 250,000.00 250,000.00 257,874.32
None

Total Liabilitiee.............. $ 9,941,640.54

STATEMENT

Showing condition at the close of business December 31, 1961, of

MARIETTA COMMERCIAL BANK Marietta, Ga.

As called for by the Superintendent of Banks

WALTER E. GRAHAM, President.
Date of Charter: 9-2-1955

LEE E. PARTAIN, JR., Cashier.
Began Business: 9-17-1956

ASSETS Cub, balancee with other banke, in-
cludinll reeerve balancee, and caah items m proceee of collection..... $ United States Government oblisatione, direct and guaranteed . . . . . .
o~~~~To:. -~~~. ~~- .~~i~~~~
Other bonds, notes, and dehenturee.. Co.!J1Qrate atocka (including stock of
Federal Reeerve Bank).. . . . . . . . . . Loane and diecounta (includins over-
drafts)......................... Bank premieee owned, furniture and
fisturee......................... Real eetate owned other than bank
premieee........................ lnveetmenta and other aaaets indi-
rectly representing bank premieee or other real eetate.............. Cuetomen' liability to thie bank on acceptancee outstanding.... . . . . . . Other Aaaeta.................. : . .

629 , 537 . 15 I ,093 , 928. 47
None None None 1,346,350.29 112,435.31 None
None None 18, 650. 95

TotaiAaaeta................. $ 3,200,902.17

LIABILITIES Demand deposita................. $ Time depoe~ts.................... . Deposita of U. 8. Government ..... . DeJ!O!i!e of Statae and political sub-
divialona ...................... .
8:c:ia:;!.~'t;rii&eei ;.;.d om.:.e.:a checks, etc.) ................... . Billa payable..................... . Acceptancee esecuted by or for ac-
count of this bank and outstanding........................... . Other liabilitiee .................. .
~:;f:.::::::: ::::::::::::::::::
Undivided profits................. . Reeervee ........................ .

1,392,413.41 548,291.71 135,128.74 754,549.45 12,261.29 7. 721.55 None
None 26,837.90 240,000.00 50,000.00 33,698.12
None

Total Liabilitiee.............. $ 3,200,902.17

FORTY-SECOND ANNUAL REPORT

95

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CITIZENS BANK Marshallville, GL

As ealled 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 banke, in-
cludint~ reserve balances, and cash items 1D process of collection......S United States Government obli&ationa, direct and guaranteed ..... .
0~~f:N~~Ton:. -~~~. ~~- .~~i~~~
Other bonds, notes, and debentures.. Corporate stocks (includin& stock of
Federal Reserve Bank).......... . Loans and discounts (includin& over-
drafts) ........................ . Bank premises owned, furniture and
fil<turea ........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi
~~!~be~e::r:::!':. ~~~- -~r~~~~
Customers' liability to this bank on acceptanr.ea outstanding......... .
Other ABaete..................... .
Total ABaete. . . . . . . . . . . . . . . . . S

122,396.62 297,181.45
None 25,000.00
None 286,984.67
2.00 None
None None None 731,564.74

LIABILITIES Demand deP.oaite.................. S Time deposita.................... . Deposita of U.S. Government..... .
De.Jrv'l!~n~f. ~~~':"'. ~~~- ~-l~t.i~l. ~~~
DejlOIIita of banks . . . . . . . . . . . . . . . . . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances necuted by or for ac-
count of this bank and outstanding: ........................... . Other liabilitiea .................. .
~:;:-:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

328,717.23 171,392.98
800.00 111,911.39
None 3,786.29
None
None 6,322.89 30,000.00 50,000.00 28,633.96
None

Total J..iabilitiea............... S 731,564.74

STATEMENT

Showing condition at the elose of business December 31, 1961, of GEORGIA BANKING COMPANY Marshallviile, GL

As ealled for by the Superintendent of Banks

JOHN C. WALKER, JR., President.
Date of Charter: 9-19-1910

J. R. ALLEN, Cashier.
Began Business: 9-27-1910

ASSETS Cash, balances with other banks, in-
cludint~ reserve balances, and cash items 1n process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~io!'~ of States and political subd.iv181ons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fil<tures ........................ . Real estate owned other than bank premises....................... . Investments and other assets indirectly representing bank premises or other real estate............. . Customers' liability to this bonk on acceptances outstanding......... . Other Assets..................... .
Total Assets. . .. . . . . . . . . . . . . . S

219,876.23 80,000.00
None None None 205,085.74 1,200.00 None
Non~
None None 506,161.97

Demand

deposita

.

.

LIABILITIES ...............

.

s

Time depoa1te.................... .

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

D'Jl~!t~n~f. ~~~':"'. ~~. ~l~t.i~~~ ~~~

Deposita of banks ................ . Other deposita (certified and officers
checks, etc.) .................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outetand ing ........................... . Other liabilities .................. .
~!:'if:!.::: :: :: :::: ::::: ::: :: ::: :

un;f;vided profits. 0. 0 0 0 0 0 0 0 0 0 0 0 Reserves ........................ .

277,378.27 105,921.95
None 69,700.75
None 50.00 None
None None 25,000.00 20,000.00 8,111.00 None

Total Liabilities.............. s 506,161.97

96

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the elose of business December 31, 1961, of

BANK OF MEIGS Meigs, Ga.

As called for by the Superintendent of Banks

J. L. PILCHER, President.
Date of Charter: 5-8-1903

TOM SMITH, Cashier.
Began Business: 6-1903

ASSETS Cash, balances with other banko, in-
cluding reserve balanrrs, and cash itc1'8 in process of coilcction ...... $ t:nitcJ States Government oblig..tions, rtirect and guaranteed ..... . Ouli~ations of States and p<>litiral subdi,isions ................... . Other honda, notes, and dehcnturr.s .. Corporate stocks (including stock of Federal Rraerve Bank) .......... . Loans and discounts (including overdrafts).. . . . . . . . . . . . . . . . . . .. Bank prcmis,s owned, furniture and fixturrs.... . . . . . . . . . . . . . . . . ... Real estate own~d other than bank prenaiBE's ...................... . Investments and other assets hdircrtly repr(l!sentin~ hank premises or other rE>al f"state. . . . . . ...... . Customers' liability to this bank on acceptnncrs outstanding......... . Other Assrts..................... .
Total Asaets ................. I

353,095.05 543,830.62
6,000.00 158,750.00
None 455,152.89
2.00 None
None None None 1,516,830.56

LIABILITJI.:S Den1and dcposits................. 1 Time depos1ts .................... . Deposits of U.S. Government ..... .
D'Jfv'l!l~n~f. St~t~. and_ ~o.lit.i~~~. s~~
Deposits of hanks ................ . Other deposits (certified and officers'
rhecko, etr..) ................... . Rills pa~able ..................... . AcrcptancPs executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~!f~f~!...... :::::::::::::::::::::::
l'ndhided profits................. . Rest'rves ........................ .

756,214.74 414,153.07
11,092.32
153,627.90 None
2,024. 97 None
None None 50,000.00 50,000.00 54,717.56 25,000.00

Total Liabilities.............. 1 1,516,830.56

STATEMENT

Showing condition at the elose of business December 31, 1961, of

METTER BANKING COMPANY Metter, Ga.

As ealled 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-
cludinl! reserve balances, and cash items 1n process of collection ...... 1 United States Government obligations, direct and guaranteed ..... .
O~~f:J\~i:.~on~f..~~~. ~~~-.~~i~i.~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reaerve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises 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..atomers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

412,377.24 1,421,059. 95
94,531.72 199,984.38
None I ,340,986.52
50,360.97 :-lone
None None None

Total Aasets ......... I 3,519,300.78

LIABILITIES Demand deposits.................. I Time deposits.................... . Deposita of U.S. Government ..... .
DTv~l~~f ~~~. ~~. ~l~t!~l. ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
. . . :::::::::: :::::::::: ::: Other liabilities.................. .
~:r.:~~!
Undivided profits................. . Reserves ........................ .

1,527,939.13 1,316,956.63
64,589.45
222.361.95 397.44
8,807.33 None
None 52,441.99 125,000.00 125,000.00 15,806.86 60,000.00

Total Liabilities.............. I 3,519,300. 78

FORTY-SECOND ANNUAL REPORT

97

STATEMENT

Showing condition at the close of business December 31, 1961, 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-
cludinF reserve balances, and cash items tn process of collection ...... $ United States Government obligations, direct and guaranteed ..... .
Ob~:.f:Ji~;!~on".:..~~~~. ~~..~~it~c~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ....... 00 Bank premises owned, furniture and
fi:~turea........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets .................. $

85,248.84 247,760.37
16,903.53 None None
300,141.31 2.00 None
None None None 650,056.05

LIABILITIES D.emand deposits .................. $ Ttme depostts.................... ' Deposits of U. S. Government ..... .
D'Jl~!l:n~f. ~~~s. ~~~- ~.l~t~~~~. ~~~
Deposita of banks .............. 00 Other deposita (certified and officers'
checks, etc.) ................... . Bills payable ................. 00 Acceptances executed by or for ac-
count of this bank and outatand ing ........................... . Other liabilities ........ 00 00 CapitaL. ............. 00.00 00. Surplus ......................... . Undivided profits................. . Reserves .... 00.00 00 oo 00 00.

345,982.52 135,662.05
None 66,484.64
5,000.00 4,169.80
None
None None 25,000.00 50,000.00 13,757.04 4,000.00

Total Liabilities.............. $ 650,056.05

STATEMENT

Showing condition at the close of business December 31, 1961, 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 Cash, balances with other banks, in-
cludinlE reserve balances, and cash items rn procel1ll of collection 0 0 0 0 0 $ United States Government obligations, direct and guaranteed .... 00 Obllgat_i~ of States and political aubdiV181ona ................... Other bonds, notes, and debentures.. Corporate stocks (includinc stock of Federal Reserve Bank) .......... . Loans and discounts (includinc overdrafts). 0 0 0 0 ooo ooo 00000 0 oooooo 0 Bank premises owned, furniture and hturee........................ . Real estate owned other than bank
premiaea.. 0 0. 0 0 0. 0. 0 0 0 0. 0 0 0 0 0 Investments and other aeaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
TotaiAaaeta................. $

477,665.07 350,000.00
None None None 345,932.13 2,772.00 None
!'lone None None 1,176,369.20

LIABILITIES Demand deposita.................. $ Tinte depo81ta.................... . Deposita of U.S. Government..... . Dei>oai~ of States and political aub-
cliviatona ...................... .
8:C.S~t:n~!rii&ed' od' ~een' cltecke, etc.) ................... . Billa payable.................... .. Acceptances e:~ecuted by or for ac-
count of this bank and outstanding. 0. 0 0 0 0 0 0. 0 0 0. 0. 0. 0 0. 0 0 0. Other liabilities................. .. Capital..... 0 0 0. 0 0 0 0 0. 0 0 0 0 0 0. 0. 0 0. Surplus......................... . Undivided profits................. . Reserves ........................ .

635,8.51. 72 374,271.17
1,340.18 40,248.71 10,000.00
None None
None 129.00 35,000.00 35,000.00 24,528.42 20,000.00

Total Liabilities.............. $ 1 , 176, 369. 20

98

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

EXCHANGE BANK OF MILLEDGEVILLE Milledgeville, Ga.

As called for by the Superintendent of Banks

JOHN E. GARNER, JR.

AUBREY H. SIMPSON,

President. Date of Charter: 5-20-1903

Cashier. Began Business: 6-1-1903

ASSETS Caah, balances with other banks, in-
cludinll reserve balances, and caah items m prooeaa of collection ...... $ United States Government obligationa, direct and guaranteed......
0~~:l!To::. -~~~. ~~~- -~~i~i.':'~
Other bonds, notee, and debentures. . Corporate stocks (including stock of
Federal Reserve Bank)........... Loana and diacounta (including over-
drafts)......................... Bank premiaea owned, furniture and
fixtures......................... Real estate owned other than bank
premiaea..... . . . . . . . . . .. . . . . . . . . Investments and other 888ets indi-
rectlY representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding... . . . . . . . Other Aaaeta.. . . . . . . . . . .. . . . . .. .. .

1 ,483 , 150. 27 2,599,510.64
546,159.93 377, 165. 62
None 1,950,135.06
90.605.47 None
None None 2,594. 45

TotalAaaeta ................. I 7,049,321.44

LIABILITIES Demand deposita.................. $ Time deposata.................... . Deposita of U.S. Government ..... .
D'rv'~~n~f. ~~~- ~~- ~~~~~- ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~:r~f:!.::: :: ::::::::::::: :: :: :::
Undivided profits................. . Reserves ........................ .

1,840,953.06 2,676,395.04
160,129.61 1,0.59,368.41
697,244.01 5,465.19 None
None 138,549.06 200,000.00 250,000.00 21,217.06
None

Total Liabilities............... , 7,049,321.44

STATEMENT

Showing condition at the close oi business December 31, 1961, of THE MERCHANTS AND FARMERS BANK OF MILLEDGEVILLE
Milledgeville, Ga.

As called for by the Superintendent of Banks

H. D. ALLEN, President.
Date of Charter: 3-22-1898

J. R. ALLEN, Cashier.
Began Business: 3-1898

ASSETS Caah, balances with other banks, in-
cludiD!I reserve balances, and cash items an prooeaa of collection...... $ United Statee Government obligationa, direct and guaranteed ..... . Oblipf:_io_n~ of Statee and political
IIU'bdlV1810D8 .
Other bonds, notes, and debentures.. 0oi])Orate atocka (including stock of
Federal Rl'llerve Bank) .......... . Loans anrl diaeounta (including over-
drafts) ....................... .. Bank premia.-a owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . Investments and other aaaeta indi-
rectlY representing bank premiaea or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

954,287.68 1,699,049.00
432.266.28 200,105.00
4,000.00 1,768.217.20
30,841.04 1.00
None None None

Total Aaaeta ................. I 5,088, 767.20

LIABILITIES Demand deposita.................. I Time depoaata .................. Deposita of U. S. Government . . . . . . De~! of Statee and political aub-
diviaaona ......................
8:r.~~:t!irii&"ed ;.;,d "office~' claecka, etc.) .................. Billa payable.................... .. Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~f:!.::: :::::: :::::::::: ::::: :
Undivided profits................. . Reaervea ....

1,659,141.21 2,155,559.15
47,522.63
774,1179.68 None
9,758.68 None
None None 150.000.00 200,000.00 91,805.85 None

Total Liabilities.............. $ 5,088,767.20

FORTY-SECOND ANNUAL REPORT

99

STATEMENT Showing condition at the close of business December 31, 1961, of

THE MILLEDGEVILLE BANKING COMPANY Milledgeville, Ga.

As ealled for by the Superintendent of Banks

FRANK W. BELL, President.
Date of Charter: 2-28-1874

RICHARDS. NORMAN, Cashier.
Began Business: 10-13-1884

ASSETS C..h, balances with other banks, in-
cludinjl reserve balances, and caah items m proceee of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~io~~ of States and politieal
IUbc:liVJilODB. , .......
Other honda, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ......... IAana and diacounta (including over-
drafts) ........................ . Bank premia<'a owned, furniture and
fixtuna.............. : ......... . Real estate owned other than bank
premiaea....................... . Investments and other aaaeta indi-
rectly representing bank premiaea or other real estate ............. Customers' liability to thia bank on acceptances outstanding......... . Other Aaaeta..................... .

1,058,826.24 2,699,033.26
363,932.70 373,669.20
None 3,195,752.59
2.00 None
None None None

Total Aueta............... . I 7,691,215.99

UABIUTIES Demand de.,...ita................ I Time depoe1ta.................... . Pepoaits Of U. 8. Government . . . . . . Depoai!s of States and political sub-
divieaODa ...................... .
~l:;!.;~:ertified" ;.;.d omoo.~ checks, etc.) .................. Billa payable..................... Acceptances executed by or for eo-
count of thia bank and outstanding.......................... .. Other liabilities ..................
~::!::::::::::::::::::::::::::
Undivided profits................. . Reaervea ....

2,236,366.82 3,474,664.15
104,130.06 1,099,272.47
133,920.53 20.271.93
None
None 23,507.45 200,000.00 200,000.00 126,582.58 72,500.00

Total Liabilities........... 1 7,691,215.99

STATEMENT

Showing condition at the elose of business December 31, 1961, of

BANK OF MILLEN Millen, Ga.

As ealled for by the Superintendent of Banks

W. H. SHEPPARD, President.
Date of Charter: 1-4-1893

W. H. SHEPPARD, Cashier.
Began Business: 3-1-1893

ASSETS Cub, balances with other banks, in-
cluding reserve balanCI'S, and cash items in proceee of collection ......I United States Government obligations, direct and guaranteed......
0~~t'd\~i~To.:. -~~~~.~~d..~~~i~~':"!
Other bonda, notes, and debentures..
CoF~~~!1 R~~e<~:~tt~ -~~~- 0~
IAans and discounts (including overdrafts).........................
Bank premises owned, furniture and fixtures.........................
Real estate owned other than bank premises........................
Investments and other aaaets indi-
~~c!~lbe~er::.":i!.':!. ~~~~- .~r~~i.s~
Customers' liability to this bank on acceptances outstanding. . . . . . . . . .
Other Assets.. . . . . . . . . . . . . . . . . . . . .

370,375.79 1,924,472.66
None 28,494.87
None 1,176,423.11
39,092.69 1,000.00
None None None

Total A99ets .................. I 3,539,859.12

LIABILITIES Demand deposita................. I Time depoe1ta .................... . Deposita of U.S. Government ..... .
D'jl~~n~~ ~~~':". ~~~ ~o..~t.i~l. ~~~
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 ........................ .

1,681,402.63 1,116,649.60
1,300.00 373,035.73
10,000.00 10,592.84
None
None None 100,000.00 200,000.00 41,878.32 5,000.00

Total Liabilities.............. I 3,539,859.12

100

DEPARTMENTO~JB_A_~~=IN~G~------------------

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF MOLENA Molena, Ga.

As called for by the Superintendent of Banks

R. H. FLETCHER, President.
Date of Charter: 10-7-1901

R. H. FLETCHER, Cashier.
Began Business: 3-1899

ASSETS Cash, balances with other banks, in-
cludillj! reserve balances, and cash items m proceBB of collection ...... S United States Government obligations, direct and guaranteed ..... . Obligat,iop~ of States and political
aubdlVJBlODB .....
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other &BBets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets ................ S

119,901.21 117,450.00
NonP 109,950.00
None 147,886.07
2,001.00 1.00
None None None 497,189.28

LIABILITIES Demand deposits..................S Time deposits.................... . Deposits of U.S. Government..... .
D~!~~f. ~~~~- ~~- ~-ol~t.i~l. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acr.eptanccs executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . 'Reserves ........................ .

203,315.99 183,857.43
719.00
57,873.93 None
208.04 None
None 1,500.00 30,000.00 10,000.00 9,714.89
None

Total Liabilities.............. S 497,189.28

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE FARMERS BANK Monroe, Ga.

As called for by the Superintendent of Banks

GEO. W. BAKER, 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 ...... S United Statps Government obligations, direct and guaranteed...... Obligat_io.n~ of States and political SubdiVISIOnS.................... Other bonds, notPs, and debentures.. Corporate storks (including stork of
Federal Reserve Bank). . . . . . . . . . . Loans and discounts (including over-
drafts)......................... Bank premises owned, furniture and
fixtures......................... Real estate owned other than bank
premises...................... . . Investments and other &BBets indi-
rectly reprE"senting bank premises or ot.her re-al estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other Assets. . . . . . . . . . . . . . . . . . . . . .

1,364,269.51 1,293,378.79
383,016.17 34,737.50 13,500.00
2,908,566.94 33,154.14 None
Nont> None :-;one

Total Assets ................. S 6,030,623.05

LIABILITIES Demand deposits.................. S Time depos1ts .................... . Deposits of U.S. GovPrnml'nt ..... .
DdJ~i!l~n~f ~~~~~s. ~~d. P_~l~t.i~~l. ~u~
Deposits of banks ................ . Other deposits (certified and officers'
checko, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:r~:~!.::: ::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

2,698,230.26 2,012,842.63
120,758.76
455,762.05 Nonr
26,303.58 None
Nonr 40,1.';2.82 250,000.00 200,000.00 226 572 .91i
Non>

Total Liabilities......... , .... $ 6.030,623.05

FORTY-SECOND ANNUAL REPORT

101

STATEMENT

Showing condition at the close of business December 31, 1961, of

MONTEZUMA BANKING COMPANY Montezuma, Ga.

As called for by the Superintendent of Banks

T. M. ADAMS, President.
Date of Charter: 10-23-1948

C. W. KINMAN, Cashier.
Began Business: 1-10-1949

ASSETS

Cash, balances with other banks, in-

eluding reserve balanC<'S, and cash items in process of collection ...... I

276,746.17

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

538,356.25

Obligations of States and political subdivisions................... .
Other bonds, notes, and debentures..

257,931.49 None

Corporate stocks (including stock of Federal Reserve Bank) .......... .

None

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

673,461.64

Bank premises owned, furniture and fixtures ........................

14.797 .3.'J

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

None

Investments and other assets indi-

~~c~~he~er::i::~~~=- ~~~~- -~r~~~~~

None

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

~~~:

Other Assets...................... - - - - - -

Total Assets. . . . . . . . . . . . . . . . . I 1,761 ,292.88

LIABILITIES Demand deposits..................1 Time depos1ts.................... . Deposits of U.S. Government ..... .
D~~t~n~f. ~~~~es ~~~- ~-l~t~~~. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... Otht>r liabilities . . . . . . . . . . . . . . . . . . . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

619,433.29 452,309.63
12,624.85 473.627.20
None 1,845.58
None
None 9,412.50 50,000.00 50,000.00 84,539.83 7,500.00

Total Liabilities.. . . . . . . . . . . . 1 I, 761,292.88

STATEMENT

Showing condition at the close of business December 31, 1961, of

MOULTRIE BANKING CO:&IPANY Moultrie, Ga.

As called for by the Superintendent of Banks

W. J. BAIRD, President.
Date of Charter: 7-8-1896

H. W. RHODES, Cashier.
Began Business: 1896

ASSETS Cash, balances with other banks, in-
cludinF reserve balances, and cash itemsm process of collection ...... S
United States Government obliga-
.. . tions, direct and guaranteed......
o~~v::ro.::.f ~~~. ~~~- ~~~i~~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federsl Reserve Bank)... . . . . . . . . Loans and discounts (including over-
drafts).........................
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 Aasets . . . . . . . . . . . . . . . . . . . .

2,755,945.57 3,783,439.44
569.599.04 550,059.34
None 5,650,814.52
72,399.33 None
65,000. 00 None
4.5, 148. 89

Total Aasets ................. S 13,492,406.13

LIABILITIES Demand deposits ..................S Time deposits.................... . Deposits of U. S. Government ..... .
D~!~n~f ~~~~~s. ~~~- ~-oJ~t.i~l. ~~~~
Deposita 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 ........................ .

7,176,683.41 2,821.598.27
168,075.48 1,205,48.5.47
280.997.40 77,876.86
None
None 264,872.28 300,000.00 700,000.00 228,740.87 268,076.09

Total Liabilities.............. $ 13,492,406.13

102

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

MOUNT VERNON BANK Mount Vernon, Ga.

As called for by the Superintendent of Banks

D. A. MeRAE, SR., Pnsident.
Date of Charter: 12-21-1900

G. E. HUGHES, Cashier.
Began RusinPRS: 1-24-1901

ASSETS C..h, balances with other banks, iD-
cludilljl reserve balances, and caal> itema m ptoeeaa of collection...... S United States Government obliptiona, direct and guaranteed ..... . Oblipf:i~ of States and political
8ubdiVI8lOD8 ....
Other bonds, notes, and debentures.. Coi]IOrate atoeka (includinc etock of
Federal Reserve Bank).......... . Loau and diecounte (iDcludinc over-
drafts) ................. ' ..... . Bank premiaee owned, furniture and
fisturea........................ . Real estate owned other than bank
premieee....................... . Investments and other auete indi-
rectly representing bank premieee or other real estate ............. . Customers' liability to thie bank on acceptanc:ee outetandinc......... . Other~te..................... .

371,479.31 540,157.75 33,303.13
49,937.50 None
342,191.74 3,117.23 None
None None None

Total Aaaete. . . .. .. .. .. . .. .. I 1 ,340,186. 66

LIABILITIES Demand deposita................. I Time depoa1ta .................... . Deposita of U.S. Government ..... .
D'Jl~~~~ ~~~- ~~- ~~~~~- ~~~
])epoaita of banke ................ . Otlier deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptanc:ee executed by or for ac-
count of thia bank and outstanding........................... . Other liabilities .................. .
~::;!f:!. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

568,111.74 253,321.47 20,292.06 280,184.74 48,269.19
5,036.51 None
None 16,655.00 75,000.00 40,000.00 33,315.95
None

Total Liabilities.............. I 1,340,186.66

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE CITIZENS BANK Nashville, Ga.

As called for by the Superintendent of Banks

M. E. PERRY, President.
Date of Charter: 2-19-1943

OUIDA N. WILSON, Cashier.
Began Business: 3-1943

ASSETS Cub, balances with other banka, in-
cludinJ reserve balances, and caeh itema m process of collection...... S United States Government obli&a"ti~ direct and guaranteed . . . . . . Obliaat_i~~ of States and political eulldiV18lone .................. Other bonds, notes, and debentures.. Corporate etocke (illcludinc etock of Federal Reserve Bank) .......... . Loau and diecounta (including over-
draft&) ............
Bank premieee owned, furniture and fisturee........................ .
Real estate owned other than bank premieee....................... .
Investments and other auete indi-
:"!3'-~rea::!~:.~~--~~~
Cuetomere' liability to thia bank on acceptances outetandinc......... .
Other Aaaete..................... .

700,135.13 1,585,505.77
105,875.59 None None
631,862.42 16,910.00 None
None None None

TotaJA-te.................. l 3,040,288.91

LIABILITIES Demand deposita.................1 Time deposita.................... . Deposita of U.S. Government ..... .
DeEv1!l!~f. ~~~- ~~ ~~~t-i~- ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, f'tc.) ................... . Bille payable..................... . Acceptances executed by or for ac-
count of thia bank and outstanding........................... . Other liabilities .................. . Capital. ......................... . Surplue ........................ .. Undivilled pro&te................ .. Reserves ........................

1,474, 778.04 796,526.63 30,217.48 320,450.01 119,125.29 3,561. 75 None
None None 100,000.00 100,000.00 4,000.00 91,629.71

Total Liabilities.............. I 3,040,288.91

FORTY-SECOND ANNUAL REPORT

103

STATEMENT

Showing condition at the dose of business December 31, 1961, of

THE UNITED BANKING COMPANY Nashville, Ga.

As c:alled for by the Superintendent of Banks

H. D. HAND, President.
Date of Charter: 7-10-1924

MRS. E. K. FULLER, Cashier.
Business Began: 7-15-1924

ASSETS Cub, balances with other banks, in-
eludiuJ reeerve balaneea, and eaeb items m proceee of eollection ...... $ United Statea Govenament obliptiona, direct and IIJ&I"&Dteed . . . . Oblip!J~~ of Statea and political aubdiV18lODa Other honda, notea, and debentures.. Coroorate atocka (includin& stock of
Yederal Reeerve Bank) .......... .
Laue and discounts (including overdrafts) ........................ .
Bank premiaea owned, furniture and fixtures........................ .
Real estate owned other than bank premiaea.....................
Investments and other uaets indi-
:"!3'..::::e.::.O:. ~- -~
Customers' liability to thia bank OD
~~-~~~~~::::::::::

564,836.86 520,750.00 142,346.27 300,000.00
None 960,750.30
23,800.00 9,375.70
None None None

Total A.ets.............. $ 2,521,859.13

LIABILITIES Demand deJIOBits ..................I Time d8p08lts.................... . Depaeits of U.S. Government..... . DeJ!O!i!s of Statea and political sub-
divialona ...................... . J)ej>OIIits of banks . . . . . . . . . . . . . . . . . Other deposita (certified and otlicers'
checks, etc.) ................... . Billa pliyable.................... .. Acceptances eJ:ecuted by or for ac-
count of thia bank and outetandiq ........................... . Other liabilities .................. . Capital.......................... . Surplus ..................... Undivided profits................. . Reeervea ....................... ..

1,049,737.71 748,340.29 33,927.21 323,843.81 106,836.54 15,705.23 None
None 5,000.00 100,000.00 100,000.00 38,468.34
None

TotalLiabilitiea.............. $ 2,521,859.13

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF NEWINGTON Newington, Ga.

As c:alled for by the Superintendent of Banks

HORACE V. WELLS, President.
Date of Charter: 7-7-1919

ERNEST E. LEE, Cashier.
Began Business: 8-14-1919

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and caoh items in proceaa of collection...... $ United Stat~ Government obligations, direct and guaranteed ..... . Obliga~io~ of Statea and political auodtvlstons . .................. . Other bonds, notes, and debE-ntures .. Corporate stocks (including stock of Federal 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 .................. $

183,962.75 105,000.00
None None None 99,691.71 825.00 None
None None None 389,479.46

LIABILITIES Demand deposita ..................S Time deposito.................... . Deposits of U. S. Government . . . . . .
D':ft~!l~n~f. ~~~~- ~~- ~_'~t.i~. ~~~
Deposits of banks ................ . Other deposits (certified and officers
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac
count of this bank and outstand ing ........................... . Other liabilities .................. . Capital.. ........................ . Surplus ......................... . Undivided profits................. . Reserves........................ .

284,757.02 35,584.25 None 21,536.72 None 1,028.88 None
None None 11;,000.00 25,000.00 6,572.59 None

Total Liabilities.............. $ 389,479.46

104

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

THE CITIZENS AND SOUTHERN NEWNAN BANK Newnan, Ga.

As called for by the Superintendent of Banks

GLENN WARE, President.
Date of Charter: 2-25-1955

B.S. ASKEW, Cashier.
Began BusineRR: 2-25-1955

ASSETS Cash, balances with other banks, in-
cludinjl reserve balances, and cash items1n process of collection ...... S United States Government obligations, direct and guaranteed. . . . . .
0~1~N~t;,Ton~f -~~-t~. ~~~-. ~~~i~~cal
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Ueserve Bank)........... Loans and discounts (including over-
drafts). . . . . . . . . . . . . . . . . . . . . . . . . Bank premises owned, furniture and
fixtures. . . . . . . . . . . . . . . . . . . . . . . . . Real estste owned other than bank
premises........................ Investments and other assets indi-
rectly representing bank premises or other renl estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.. . . . . . . . . Other Assets......................

1.843,601.82 1,997,654. 78
407,767.58 None
5,000.00 4,822, 822.97
105,553. 96 16,375.00
None None 30,491.21

Totsl Assets.................. S 9,229,267.32

LIABILITIES Demand deposits..................I Time depos1ts.................... . Deposits of U.S. Government ..... .
D'Ji~!l~n'!f ~~~~es ~~~- ~.o..~t~~al. ~~~
Deposits of banks ................ . Other deposits (certified and officers
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

3,845,196.05 2,775,023.58
88,747.89 942,634.29 353,068.92
27,022.30 None
None 326,299.15 250,000.00 300,000.00 271,275.14
50,000.00

Tots) Liabilities.............. S 9,229,267.32

STATEMENT Showing condition at the dose of business December 31, 1961, of

BAKER COUNTY BANK Newton, Ga.

As called for by the Superintendent of Banks

ALBERT W. BARBER, President.
Date of Charter: 10-4-1906

0. C. SINDERSINE, Cashier.
Began Business: 10-15-1906

ASSETS Cash, balances with other banks, in-
cludinjl reserve balances, and cash items 10 process of collection...... S United Ststes Government obligations, direct and guaranteed ..... . Obliga~io.n~ of Ststes and political aubdlv1810ns ................... . Other bonds, notes. and debentures.. ColJ>orate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estste owned other than bank premises............... .... Investments and other assets indirectly representing bank premises or other real estste ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets...................s

309,623.01 346,378.40
11,803 . .';3 None None
322,732.72 4,990.44 None
None None None 995,528.10

LIABILITIES Demand deposits ..................S Time dep<ia1ts .................... . Deposits of U.S. Government ..... .
~~~~~n~~ ~~~~~. ~~- ~_J~t.i~J. ~~~
Deposits of banks................ . Otlier deposits (certified and officers'
cheeks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank .and outstanding ............ Other liabilities .................. .
~:r~t::!. .::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

482,452.50 247,336.27
659.00
69,386 07 None
4,337.68 None
None None 25,000.00 100.000.00 59,537.37 6,819.21

Tots) Liabilities............. S 995,528.10

FORTY-SECOND ANNUAL REPORT

105

STATEMENT

Showing condition at the close of business Deeember 31, 1961, of

NICHOLLS STATE BANK Nicholls, Ga.

As called for by the Superintendent of Banks

RALPH G. LOTT, President.
Date of Charter: 12-2-1952

R. E. LOTT, Cashier.
Began Business: 1-2-1953

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~io.~ o~ States and political subdtvtstons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of FederRl 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. . . . . . . . . . . . . . . . . S

237,443.88 352.368.92
None None None 127,041.98 2,407.79 None
1.544.01 None None
720.806.58

LIABILITIES Demand deposits................ S Time depo111ts .................... . Deposits of U.S. Government ..... .
D':Jr~~~~f. ~~~~':". ~~- ~-ol~~~- ~~~
Dej>osits of banka . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
cheeks, etc.} ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

339,199.54 265,495.00
None 57,706.78
None 1,206.05
None
None 1.274.80 25,000.00 15,000.00 15,924.41
None

Total Liabilities.. . . . . . . . . . . . S 720,806.58

STATEMENT

Showing condition at the close of business Deeember 31, 1961, of

THE BANK OF NORCROSS Noreross, Ga.

As ealled 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 :::ash, balances with other banks, in-
cludi"' reserve balances, and cash items 1n process of eollection...... S IJnited States Government obli&ations, direet and guaranteed ..... . lbliga~i~ of States and political
IU'bdiVl810D8 . . . . . . . . . . . . . . . . . . . ..
)tber bonds, notes, and debentures.. :::Orporate stocks (includjng stock of
Federal Reserve Bank} .......... . [.oans and dieeounts (including over-
drafts} ........................ . !lank premises owned, furniture and
fixtures ...................... !leal estate owned other than bank
premises....................... . :nvestmenta and other -eta indi-
rectly representing bank premises or other real 08tate............. . :::UStomers' liability to this bank on ~tances outstanding......... . >ther Aaeta..................... .

329,886.53 494,593.67
None 275,000.00
None 443,583.08
15,109.00 1,243.00
None None None

Total Assets ................. S 1,559,415.28

LIABILITIES Demand deposita................. S Time depos1ta.................... . Deposita of U.S. Government ..... .
Dect~~~ ~~~- ~~- ~-l~t~~- ~~~ 8:;i.re::.~n~!eriifi..d ~:O.i ".)fiiCf,;B
checks, etc.) ....... Billa payable..................... . Acceptances executed by or for ...,_
eount of this bank and outstanding.......................... .. Other liabilities .................. . Capital.......................... . Surplus......................... . Undivided profits................. . Reserves........................ .

763,368.05 485,341.78
3,937.80 178,959.61
None None None
None 7,345.58 30,000.00 60,000.00 30;462.46
None

s Total Liabilities............ 1,559,415.28

_10_6_ _ _ _ _ _ _ _ _D_EP_~~J'_M_E_N_T _Q~B_A_N~~NG - - - - - - - - - - - -

STATEMENT

Showing condition at the close of business December 31, 1961, of
THE BANK OF OCILLA Ocilla, Ga.

As called for by the Superintendent of Banks

JACK WILLIS, President.
Date of Charter: 9-20-1956

B. OLIN COX, Cashier.
Began Business: 10-1-1956

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 ..... . Obligations of States and political subdivisions . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of f'ederal Reserve Bank) .......... . Loans and discounts (;ncluding 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 acceptanr.ea outstanding......... . Other Assets..................... .

243,784.78 601,651.38
None None None 479,012.94 10,603.51 None
None None None

TotalAsaets ................. S 1,335,032.61

LIABILITIES Demand deposita.................. S Time deposita.................... . Depoaita of U.S. Government ..... .
D~l~n~f ~~~~~s. ~~~. ~.l~t~~. ~~~
Depoaita of banks . . . . . . . . . . . . . . . . . Other depoaits (certified and officers'
checks, etc.) ................... . Bills payable.................... .. Acceptances executed by or for ac-
count of this bank and outstanding .......................... . Other liabilities................. ..
~::::~:. :::::::::::::::::::::::::
Undivided profits................. . Reserves........................ .

676,842.10 398,935.00
10,724.61 89,928.86
None 3,079.52
None
None 7,342.04 75,000.00 35,000.00 38,180.48
None

Total Liabilities............... $ 1,335,032.61

STATEMENT Showing condition at the close of business December 31, 1961, of

THE FIRST STATE BANK OF OCILLA 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-
cludinjl reserve balances, and cash items 10 process of collection ...... I United States Government obligations, direct and auaranteed ..... . Oblipt_io.n~ of States and political
8Ubd1Vl810DB, , , ... , ....
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and diacounts (includina over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other rr.al estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

735,129.53 1,427,953.44
15,980.52 25,000.00
None 1,319,012.39
4,000.00 None
None None Non<'

Total Assets.................. S 3,527,075.88

LIABILITIES Demand deposits................. I Time depoa1ta .................... . Depoaits of U. S. Government ..... .
DTi'J!l~n~f ~~~~a. ~~~- ~-l~t~~~- ~~~
Deposita of banks . . . . . . . . . . . . . . . . . Other depoaita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... .
::::::::::::::::::::::::: Other liabilities................. ..
~::::~:!.
Undivided profits................. . Reserves........................ .

1,618,080.67 1,237,639.13
40,473.02 241,726.25
None 10,238.00
None
None Non<' 100,000.00 100,000.00 78,918.81 100,000.00

Total Liabilities.............. S 3,527,075.88

FORTY-SECOND ANNUAL REPORT

107

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF OGLETHORPE Oglethorpe, Ga.

As called for by the Superintendent of Banks

JOHN F. WILLIAMS,

BLANCHER. WILLIAMS,

President.

Cashier.

Date of Charter: 2-5-1901

Began Business: 2-8-1901

= = = = -=--==-=-=-=-=-=-====:===-=-=-=====---

ASSETS Cash, balances with other banks, in-
cludinjl reserve bl\lan~es. and cash items 1D process of eollretion ......S United Statr.s Governn1ent obligations, direct and guaranteed ..... . Obligat_i~n~ of States and political
8UbdtV181008 . ................
Other bonds, notes, and debentures.. Corporal~ stocks (including stock on
Federal }{~serve Bank) .......... . Loans and discounts (including over-
drafts) ...... - .......... - - - Bank premises owned, furniture and
fixtures........ - . - . - .... - Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ........ - ... -. Customers' liability to this bank on acceptances outstanding......... . Other Assets................ - - .. - -

744,838.30 354,318.60
8,000.00 None None
560,680.96 5,001.00 4.00
None None None

I.IABILITIES Demand deposits................. S Time depositS.................... . Deposits of U. S. Government ..... . DeJ?"'!i!s of States and political sub-
dtvastons ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank aJ!d outstanding ......................... -. Other liabilities .................. .
~:.!;!:.~!-_ _-::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

770,197.21 515,055.29
7,484.87 138,446.59
None 15,032.60
None
None 20,451.64 60,000.00 20,000.00 105,750.05 20,424.61

Total Assets ................. -S 1,672,842.86

Total Liabilities.............. S 1,672,842.86

STATEMENT

Showing condition at the close of business December 31, 1961, 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

AS3ETS Cash, bals.nces with other banks, in-
cluding reserve balances, and cash items in process of collection ......S United States Government obligations, direct and guaranteed ..... . Obligat_io_n~ of States and political
SUbdlVlSlODS . ..................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal R~serve Bank) . . . . . . . . . . . Loans and discounts (including over-
drafts) ........ - ... - - - - ..... - . - . Bank premises owned, furniture and
fixtures ................... - .... . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other r~al ~state ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets................. S

130,767.71 287,700.00
17,921.95 174,843.75
None 120,076.31
2.00 None
None None None 731,311.72

LIABILITIES Demand derosits................ -S Time depos1ts................... . Deposits of U.S. Government ..... . DeJ?O~i!s of States and political sub-
divtslons ...................... . Deposits of banks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
checks, etc.) ................... . Dills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:.!;!r:!-._-.-:::::::::::::::::::::::
Undivided profits................. . Reserves........................ .

460,791.70 129,934.95
3,112.70 37,185.06
None 2,803.31
None
None None 25,000.00 10,000.00 12,484.00 50,000.00

Total Liabilities...... - . . . . . . s 731,311.72

108

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

THE PATTERSON BANK Patterson, Ga.

As called for by the Superintendent of Banks

FOSTER O'QUINN,
President. Date of Charter: 6-19-1907

LEOLA GRINER,
Cashier. Began Business: 6-19-1907

ASSETS C...h, balances with other banks, in-
cluding resr!rve balances. and cash items in prooess of e.>llection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io~ of States and political
BUIXhVISIODB . .................. .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federlll U.eserve Rank) .......... . Loans and discounts (including_ over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on aeceptan<'es outstanding......... . Other Aasets..................... .
Total Aasets .................. $

153,722.81 301,266.62
None None None 155,678.50 I ,830.00 None
None None None 612,497.93

LIABILITIES $ Demand deJlosits................. . Time depostts.................... . Deposits of U.S. Government ..... .
ne~1!l:n~~ ~~~~- ~~~ ~-~t.i~~. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Rills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:r~~!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

312,949.96 84,649.46
789.50 147,100.00
None 442.77
~one
None None 25,000.00 25,000.00 16,566.24 None

Total Liabilities. . . . . . . . . . . . . $ 612,497.93

STATEMENT

Showing condition at the c:lose of business December 31, 1961, of

THE CITIZENS EXCHANGE BANK OF PEARSON Pearson, Ga.

As called for by the Superintendent of Banks

J. L. SUMMERLIN, President.
Date of Charter: 1-19-1943

ALLEN GRIFFIS, Cashier.
Began Business: 5-12-1945

ASSETS

ea..h, balances with other banks. in-

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

616,430.78

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

611,679.50

0~!tli~!Ton":. -~~~~. ~~~- .~~i~~~_J

1,000.00

Other bonds. notes, and debentures..

None

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ...............

487.503.25

Bank premises owned, furniture and

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

4,546.74

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 Aasets..................... .

None

Total Assets .................. $ 1,721, 160. 27

LIABILITIES Demand deJlosits................. $ Time depostts.................... . Deposits of U.S. Government ..... .
D'Ji~i!~~n~~ S~t~s. ~~~- ~.o..~t~~~- ~~~:
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.................. .
~r~~!.:::::::::::::::::::::::::
Undivided profits................. . R<'SCrVI"S ........................ .

763,822.33 560,699.68
39,503.48 103,107.60 114.508.17
1,032.74 None
None 4,488.50 50,000.00 50,000.00 23,997.77 10,000.00

Total Liabilities.............. $ 1,721,160.27

FORTY-SECOND ANNUAL REPORT

109

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS BANK OF PELHAM Pelham, Ga.

As called for by the Superintendent of Banks

W. THERON SAULS. President.
Date of Charter: 8-25-1902

JOHN L. CARR, JR. Cashier.
Began Business: 9-1-1902

ASSETS Cash, balancee with other banks, in-
cludinj( reaerve balancee, and cash itema tn proceas of collection......I United States Government obligations, direct and guaranteed......
o~:.eN~To.:'af..~~~~. ~~..~~i~~e_a_l
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over
drafts) ....................... :. Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... Investments and othe aaaeta indi
rectly repreat'nting bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other Aasets. . . . . . . . . . . . . . . . . . . . .
Total Aasets. . . . . . . . . . . . . . . . . I

883,282.54 1,442,377.69
35,000.00 None None
1,206,972.54 40,777.07 1,200.00
None NonP 17, 526 .08 3 ,627 ,135 .92

LIABILITIES I Demand deposits................. . Time deposits.................... Deposits of U. S. Government ..... .
DeJl~~~n~~ ~~~O:S. ~~~ ~. ~~~1. ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing ......... .................. . Other liabilities .................. . Capital. ......................... . Surplus......................... . Undivided profits................. . Reaerves ........................ .

1,717,908.11 912,960.77 32,118.69 498,285.42 26.665.69 15,551.27 None
None 37,115.39 150,000.00 100,000.00 136,530.58
None

Total Liabilities.............. I 3,627 ,135. 92

STATEMENT

Showing condition at the close of business December 31, 1961, of

PELHAM BANKING COMPANY Pelham, Ga.

As called for by the Superintendent of Banks

H. C. HARRIS, President.
Date of Charter: 12-4-1936

WALTON C. BERNIER, Cashier.
Began Business: 12-8-1936

ASSETS Cash, balances with other banke, in-
cludinj( reserve balancee, and eaah itema 1n process of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~i~ of States and political aubdlVJIIOna . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ....................... Bank premises owned, furniture and fixtures...................... Real estate owned other than bank premises.................. Investments and other aaaets indi-
:C!~f.e~r=".!:!'::. ~~~- -~~~~
Customers' liability to this bank on acceptancee outstanding......... .
Other Aasets..................... .

632.014.70 896,314.90
99,527.48 None None
848,219.54 2.00 None
None None 95.28

Total Aasets................ I 2,476,173.90

LIABILITIES Demand deposits................. I Time deposita.................... . Deposits of U.S. Government ..... .
nerv~~n~f. ~~~~. ~~~- ~.l~t~~l. ~~~
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 ........................ .

1,238,063.15 686,121.98 45,495.02 233,643.13 None 2,068.19 None
None 8.150.95 100,000.00 100,000.00 56,431.46 6.200.02

Total Liabilities.............. 1 2,476,173.90

110

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the elose of business Deeember 31, 1961, of THE PEM..ROKE STATE BANK Pembroke, Ga.

As called for b7 the Superintendent of Banks

C. L. GRUVEB, President.
Date of Charter: 12-29-193'i

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...... S United States Government obligations, direct and p;uaranteed ..... . Obligat.io.n~ of States and political
SUbdtV1810D8
Other bonds, notes. and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over~
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises................. Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on accept.ances outstanding......... . Other Assets..................... .

476,848.71 546,893.94
18,435.07 None None
624,699.07 9,830.00 None
None None 21,929.59

Total Assets................. S 1,698,636 .38

LIABILITIES Demand deposits................. S Time deposts .................... . Deposits of U.S. Government ..... ,
D'Jfvf!\!n~f. ~~~~~s. ~~~- ~-ol~t~~~~. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
~becks, etr.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. . Capital.. ........................ . Surplus ......................... . Undivided profits................. . Reserves ........................ .

802,240.02 430,489.31
19,565.66 287,537.47
None 16,022.56
None
None 14,007.60 75,000.00 40,000.00 8,773.76 5,000.00

Total Liabilities............. S 1,698,636.38

STATEMENT

Showing condition at the elose of business Deeember 31, 1961, of

PERRY LOAN & SAVINGS BANK Perr;r, Ga.

As called for b7 the Superintendent of Banks

C. E. ANDREW,
President.
nate of Charter: 8-20-1889

M. M. DEAN, Cashier.
Began Business: 1889

ASSETS Cash, balances with other banks, in-
cludinfl reserve balances, and cash items 1n proceas of collection......S United States Government obligations, direct and guaranteed ..... . Obligat~o~ of States and political
IUbdJVI810DB . , ..
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discount& (including over-
draft&) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
prentisea....................... . Investments and other BBSets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on
Otb~~X!:~:;.e_a_ ~~~t~~~i~~:::: :: ::::

1,858, 757.76 725,812.51 155,118.92 None None
1,525,649.85 60,000.00 1.00
None None None

Total Assets .................. $ 4,325,340.04

LI.ABILITIES Demand deposita ..................S Time deposts.................... . Deposita of U.S. Government ..... . DeJ!OI!i!s of States and political aub-
divialons ...................... . 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 ........................ .

2,010,903.77 704,297.60 68,765.87 922,589.06 None 108,768.30 None
None None 100,000.00 100,000.00 310,015.44 None

Total Liabilities.............. S 4,325,340.04

----------------~F~O~R=T=Y~-S=E~C~O=N~D~A=N~N~U=A==L~R=E=P~O=R=T~------------~111 STATEMENT
Showing condition at the close of business December 31, 1961, of

BANK OF PINEHURST Pinehurst, Ga.

As called for b7 the Superintendent of Banks

HOWELL PORTER, President.
Date of Charter. 1-1-1908

ALTON P. DRAUGHON, Cashier.
Began Business: 1904

ASSETS Cub, balancee with other banks, in-
cludinJ!: reoerve balances, and cub itema m proee.. of collection...... $ United States Government obliptione, direct and IIUU'anteed ..... . Oblic:a~io~! of States and political aubd1Vl8Jona . ............. Other bonds, notes. and debentures.. Corporate atoc:ka (lncludins atoc:k of Federal Reserve Bank) .......... . Loans and diaeounts (including overdrafts) ........................ . Bank premiaea owned, furniture and &zturee . . . . . . . . . . . . . . . . . . . . . . . . Real estate owned other than bank premioea................ ' ... Investments and other 'aaaeta indirectlY repreoentins bank premises or ot'her real estate ............. . Cuatomera' liability to thia bank on acceptances outatandins......... . Other Aaaeta..................... .

315,910.21 325,512.97
None None None 250,175.87 9,744.95 None
None None None

Total Aaaets ................$001.'344.00

LIABILITIES Demand deposita................. $ Time depoa1ta .................... . Deposita of U. S. Government ..... .
D~!I~n~~ ~~~. ~~~- ~~~~~~- ~~~
Deposita of banka ................ . Other deposita (certified and oflicera'
checka, etc.) ................... . Billa payable..................... . Acceptance executed by or for ac-
count of thia bank and outstandins........................... . Other liabilities .... .'............. .
~~l:!.:. :::: ::::: ::::: ::: ::: :::
Undivided profits................. . Reserves ........................ .

594,163.47 131,468.71
785.00 42,899.97
None 32,331.47
None
Non<' 6,648.38 25,000.00 25,000.00 43,047.00
None

Total Liabilities.............. $ 901,344 00

STATEMF.NT

Showing condition at the close of business December 31, 1961, of

FARMEllS AND MERCHANTS BANK Pine Mountain, Ga.

Aa called for b7 the Superintendent of Banks

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

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

ASSETS Cub, balances with other banka, in-
eluclina reoerve balancee, and cub itema lD proc:eu of collection...... $ United States Government obliptiona, direct and suaranteed ..... . Oblic:at.io~ of States and political aubdivaa1ona . .................. . Other bonds, notes, and debentures.. Corporate atoc:ka (includins atoc:k of Federal Reserve Bank) .......... . Loans and discounts (includins overdrafts), ....................... . Bank premioea owned, furniture and &zturee....................... .. Real eatate owned other than bank
premiaea ........... lnveatments and other -ts indi-
rectlY repreoentins bank premioea or ot'ber real estate ............. . Cuatomera' liability to thia bank on aeceptaneea outstandins......... . Other Aaaeta..................... .

864,748.48 782,241.10 216,936.86 350,000.00
None 824,ll7.97
2.00 100
:Ifone None None

TotalAaoeta.................. $ 3,038,047.41

LIABILITIES Demand depoaits.................. $ Time depoa1ta .................... . Deposita of U.S. Government ..... .
D~I~~~ ~~~~ ~~- ~-~l~t.i~al. ~~~
Deposita of banka ................ . Other deposita (certified and officers
checka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of thia bank and outatand ing .... ....................... . Other liabilities .................. .
~~f:!.:::::: :::::::::::::::::::
Undivided profits................. . Reaervea ........................ .

1,207 ,328. 94 871,207.10 4,423.73
644,721.02 None
8,409.92 None
None 97.44 100,000.00 100,000.00 81,859.26 20,000.00

Total Liabilities.............. $ 3,038,047.41

112

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the c:lose of business December 31, 1961, 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, balance& with other banks, in-
cludiDJ reserve balaneea, and cash items m proceaa of collection......$ United States Government obligations\ direct and guaranteed ..... . Oblin~IOM of States and political aubdi.V18lona ................... . Other bonds, notes, and debentures.. Corporate stocks (includina stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premiaea owned, furniture and fixtures........................ . Real estate owned other than bank premiaea...................... .. Investments and other aaaeta indirectly repreeentin bank premiaea or other feal estate............. . Customers' liability to this bank on acceptances outatandina......... . Other Aaaeta..................... .
Total Assets ................ .

311,068.43 251,800.00
None 75,000.00
None 106,561.54
1,001.00 None
None None None 745,430.97

LIABILITIES Demand deposita ..................~ Time depoa1ta .................... . Deposita of U.S. Government ..... .
D'rvl!~~ ~~~~- ~~~- ~~~~~~- ~~~
Deposita of banks ............... .. Other deposita (certified and oflicera'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. . Capital. ......................... . Surplus......................... . Undivided profits................ .. Reserves ........................ .

352,606.70 234,952.25
5,175.10
71,364.61 None
2,880.37 None
None None 2.';,000.00 25.000.00 15,000.00 13,451.94

Total Liabilities.............. $ 745,430.97

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE BANK OF QUITMAN Quitman, Ga.

As called for by the Superintendent of Banks

F. T. BENSON, President.
Date of c:barter: 12-31-1888

A. C. LOWE, Cashier.
Besran Business: 12-31-1888

ASSETS Cash, balaneea with other banks, in-
cludiiiJ reserve balaneea, and cash items 1n proeeaa of collection...... $ United States Government obliga-
oi=fV~~1;8;1e0cD!8f.U.S.'!.~':t;>cip;,i.ii.ic.&..i
Other honda, notes, and debentures.. Corporate atocka (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premiaea owned, furniture and
fixtures . . . . . . . . . . . . . . . . . . . . . . . Real estate owned other than bank
premiaea....................... . Investments and other. aaaeta indi-
rectly repreaeotina bank premiaea or otller feal estate ............. . Customers' liability to this bank OD acceptance& outstanding......... . Other Aaaeta..................... .

761.419.30 1,451,262.50
20,000.00 None None
862,443.41 27,617.23 None
None None 20,000.00

TotalAaaeta.................. $ 3,142,742.44

LIABILITIES Demand deposita.................$ Time depo&Jta .................... . Deposita of U.S. Government ..... . De~i! of States and political aub-
divistons ................... ])e_poaita of banks . . . . . . . . . . . . . . . . . Other deposita (certified and officers'
checks, etc.) ................... Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~=~!.::: :::::: :::::: ::::::: :: :
Undivided profits................. .
Reserves .......................

1,617,882.32 864,741.01 12,146.73 237,509.65 5,416.65 13,389.60 None
None 21,174.57 100,000.00 100,000.00 50,481.91 120,000.00

Total Liabilities.............. $ 3,142,742.44

FORTY-SECOND ANNUAL REPORT

113

STATEMENT Showing condition at the close of business December 31, 1961, of

THE TATTNALL BANK Reidsville, Ga.

As called for by the Superintendent of Banks

RALPH HUCKABEE, Pr:!sident.
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 prC>Cel<S of collection...... I United States Government obligations, direct and guaranteed...... Obliga~io!'~ of States and politicai
8UlxJlV18IOD8. .,
Other boncb, notes, and debentures .. Corporate stocks (including stock of
Federal Reserve llank) .......... . Loans and discount (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ Real estate owned other tban bank
I n vp reesmt mi seenst.s. .a.n. d. . .o.t.h.er asset s ind irectly rcpreaenting bank premises or other real estate.............
Customers' liability to this bank on acceptances outatandinc. . . . . . . . . .
Other Assets.... . . . . . . . . . . . . . . . . .

293,555.63 1,127,383.63
192,880.04 250,218.75
None 862,151.46
2,351.02 None
None None 1, 723.51

To,tnl :\ssctM ...............1 2,730,264.04

LIABILITIES Demand deposita............... I Time depos1ta.................... . Depoaita of U.S. Government ..... . Dc~i~ of States and political sub-
diviaaona ................... Deposita of banks ................ . Other deposita (certified and ofliccra'
che~ka, etc.) .................. Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding .......................... Other liabilities ..................
~::;::-::!:::: :::::: :::: :::::::::: ::
Undivided profits............... Reserves .....................

1,364,228. 71 664,661.63 97,332.76 316,180.60 24,817.64 7,798.23 None
None None 50,000.00 125,000.00 31,244.47 50,000.00

Total l-iabilities............. I 2,730,264.04

STATEMENT

Showing condition at the close of business December 31, 1961, 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

MRS. 0. D. BARRON, Vice President.
Began Business: 5-5-1914

ASSETS Cash, balances with other banks, in-
cluding resjrve balances, and cn.sh items in pru~ess of c.>llection ...... I United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political subchvlSlOns ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal lteserve 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 hank on acceptan<oes outstanding......... . Other Assets..................... .
Total Assets................. I

516,317.64 182,671.87
None None None 280,112.97 2,282.54 7,705.00
None None 1,728.06 989,818.08

LIABILITIES Demand deposita..................I Tirne deposita.................... . Deposits of U. S. Government . . . . . . Del!~i~s of States and political sub-
dtviStons ...................... . 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 ........................ .

464.534.98 lli8,854.61
1,313. 75 250,856.00
None None None
None 10,000.00 25,000.00 25,000.00 54,258.74
NonP.

Total Liabilities. . . . . . . . . . . . . I 989,818.08

114

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the close of business December 31, 1961, of THE CITIZENS STATE BANK Reynolds, Ga.

As called for by the Superintendent of Banks

W. H. VAN LANDINGHAM, President.
Date of Charter: 9-8-1922

C. H. DENNING, Cashier.
Began Business: 9-8-1922

ASSETS
Cub, balaDoee with other banke, includinJ raerve balanoee, and caah itema m proceee of eolleetion.. I
United 8tatee Government o~ tiollll, direct. and paranteed 0 0 0 0 0 0
Obli&a~ of 8tatee and political
IIUl>diYU10118
Other honda, notee, and dehenturea.. Conlorate atooka (includin& atocl< of
F"ederal Raerve Bank) 0 0 0 0 0 0 0 0 0 I..oue and dieeounte (includinc over-
draft.). 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bank premieea owned, furniture and
lbtturee.................... Real eatate owned other than bank
premieea 0 0 0 0 0 0 0 0 0 0 0. 0 0 0 0 0 0 0 IDvemnente and other auete indi-
rectlY repreeentinc bank premieea or oih..- ieal eatate............ Cuetomere' liability to thie bank on -.tanoea outetandinc..... Other A.ete. 0 0 0 0 0 . . . . . . 0 0 0 0 0 0 0 0
Total A.ete.I

756,575.02 371,986.72
18,252.90 179,862.50
None 996,602.06
18,331.85 None
None None 8,849.49 2,350,460.54

LIABILITIES Demand depoeite................. I Time depoonte................ Depoeite of U. 8. Government ..... D"J!!'!i~ of 8tatee and political nb-
diviatona ....
~l:;!.~ceriified: U"ci ;,er.- checke, etc.) ............... Billa payable................. Acceptanoea esecuted by or for ao-
count of thie bank and outetanding........................... . Other liebilitiea ........... Capital.... 0 0 0 0 0 0 0. 0 0 0 0 0 0. 0 0 0 0 0 0 0 Sui'olue......................... . Undivided profite...... , ...... Reaervea ....................... ..

1,029,244.06 769,716.70 12,883.15 297,433.64 25,000.00 5,287.02 None
None 4,500.00 75,000.00 75.000.00 25,000.00 31,395.97

Total Liabilitiea...............1 2,350,460.54

STATEMENT

Showing condition at the close of business December 31, 1961, of

WILLLUIS BANKING COMPANY RlliDe, GL

Aa called for by the SuperinteMeat of BaDb

R. J. STUDSTILL, President.
Date of Charter: 8-4-1947

MARJORIE H. STUCKEY, Cashier.
Began Business: 10-1-1947

ASSETS

Ceeh, balaDoea with other banke, in-

cludinJ reaern balanoea, and caah itema m prooeea of collection.... I

129,842.01

United Statee Government oblip-

tiona, direet and guaranteed. 0 0 0 0 0

460,025.69

o==~f. -~~-~ ~~ ~~~~~

None

0

0

Other bonde, notee, and dehenturee.

None

Conlorate atocl<a (includinc atocl< of F"ederal Reaerve Bank) ..

None

I..oue and cli&counte (includinc over-

draft.) . 0 0 0 0. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

150,195.67

Bank premieea owned, furniture and

lbtturee.................

2,090.74

Real eatate owned other than bank

premieea....................... .

None

IDveatmente and other - t e indi-

rectly repreaentinc bank premieea

or otner ieal eatate..........

None

Cuatomera' liability to thia bank on

aceeptanoea outetandins.....

None

- - - - - - Other .A.eta..................... .

None

Total Aaaete ..................I 742,154.11

LIABILITIES Demand depoeite....... 1 Time depo111te............ Depoeite of U. 8. Government ...
De.R:!t~~ ~~~ ~~ ~~- ~~~
~l:;!.;t:tce"riified: U.Ci ce.:.; ebecka; etc.) ................... . Billa payable..................... . Acceptancea executed by or for ao-
count of thie bank and outetanding. 0 0 0 0 0 0. 0. 0. 00 0 0 0 0 0. 0 0 0 0 Other liabilitiea ..................
~~.:::::::::::::::::::::::::
Undivided profite................ Reaervea .................

287,468.74 275,905.81
2,734.56 70,686.02
None 2,017.78
None
None None 25,000.00 25,000.00 53,341.20 None

Total Liabilitiea.... 1 742,154.11

FORTY-SECOND ANNUAL REPORT

115

STATEMENT Showing condition at the close of business December 31, 1961, of
RICHLAND BANKING COMPANY Richland, Ga.
As called for by the Superintendent of Banks

E. W. PARISH, President.
Date of Charter: 10-13-1927

REBECCA PARISH, Cashier.
Began Business: 10-15-1927

ASSETS Cash, balances with other banks, in-
eludintr reaerve balances, and eaah items 1n proeeaa of collection...... I United States Government obligations, direct and guaranteed ..... . Oblip~io~ of States and political aubdivlBlODI ...... Other bonds, notes, and debentures.. Corporate atoeka (including atoek of Federal Reserve Bank) .......... . Loana and diaeounta (ineluding overdrafts) ........................ . Bank premiaea owned, furniture and filltures........................ . Real estate owned other than bank premiaea....................... . Investments and other aaaeta indirectly repreaenting bank premiaea or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

210,150.16 532,204.62
22,8tl1.58 374,875.00
None 141,393.37
11,066.00 None
None None None

Total Aaaeta ................. 1 1,292,580. 73

LIABILITIES Demand deP.OBi&a.................. I Time depo111ta .................... . Deposita of U.S. Government ..... .
D';Wv"~~f. ~~~. ~~. ~~~t~~~. ~~~
Deposita of bank& ................ Other deposita (certified and ollieera'
cheeks, ete.) ................... . Billa payable..................... . Acceptances elleeuted by or for ac-
count of this bank and outstanding ........................... . Other liabilitiea.................. .
~~:;!l!!.::: :::: :: ::::: ::::: ::::::
Undivided profits................. . Reserves ........................ .

748,865.17 255,392.90
14,591.23 103,475.09 37,373.41
2,863.13 None
None 19.80 40,000.00 60,000.00 30,000.00 None

Total Liabilities.............. I 1,292,580.73

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF RINGGOLD Ringgold, Ga.

As called for by the Superintendent of Banks

J. H. TRIMMIER, President.
Date of Charter: 8-26-1904

AMALEE C. YATES, Cashier.
Began Business: 8-1904

ASSETS Cash, balances with other bank&, in-
eluding reserve balances, and eaah items in proeeaa of collection...... I United States Government obligations, direct and guaranteed ..... . Oblinf:i~ of States and political
IUlx:tiV18JOD8
Other bonds, notes, and debentures.. Co~rate atoeka (including stock of
Federal Reserve Bank) .......... . Loans and diaeounta (including over-
drafts) ..................... Bank premiaea owned, furniture and
finurea............... .... Real estate owned other than bank
premises.............. Investments and other aaaeta indi
reetly repreaenting bank premiae or other real estate............. . Customers' liability to thia bank on acceptances outstanding......... . Other Aaaeta ...........
TotaiAaaeta................. I

701,844.12 820,248.00
81,083.12 453,912.50
None 667,969.34
12,686.14 1.00
Sone None 2,843.50 2,740,587.72

LIABILITIES Demand deJ>OBita................ I Time depoa1ta.................... . Depoaita of U. 8. Government ..... .
De~~.::.~~~.~~.~~~~~.~~~
Deposita of banks ................ Other depoaita (certified and ollieera'
checka, ete.) ................... Billa payable..................... . Acceptances elleeuted by or for ac-
count of thia bank and outstand-
O tihnegr.l.i a. b. .i l iti es.................... Capital. ......................... Surplua ......................... . Undivided profits................. . Reserves ........................ .

1,153,151.02 738,872.69 85,252.99 580,951.47 None 3,530.24 None
None None 50,000.00 100,000.00 78,829.31 None

Total Liabilities...............1 2,740,587.72

116

DEPARTMENT OF BANKING

STATEMENT
Showing condition at the elose of business December 31, 1961, of THE 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 banka, includilljl reserve balances, and cash iteJDlltn proceaa of collection ......1
United States Government obligations, direct and guaranteed ..... .
0~~\~TonO:..~~~~ . ~~~..~~it~c.~l
Other bonds, notes, and debentur~a.. Corporate atocka (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises...................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaets..................... .
Total Aaaeta ................. I

173,112.82 312,492.70
24,926.26 269,387.50
None 277,272.65
6,677.98 400.00
None None None 1,064,269.91

LIABIUTIES Demand deposits ..................1 Time depostta.................... . Deposita of U.S. Government ..... .
Dervl!~.:f. ~~~~s. ~~~. ~~~t~~~~. ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances ~xecuted bSO or for ac-
count of this bank and outatand ing ........................... . Other liabilities................... .
~:r~f:!.::: ::::::::::::::::: :::::
Undivided profits................. . Reoser\cs ........................ .

492,963.78 221,342.38
None 268,177.84
None 1,993.72
None
None 5,000.00 50,000.00 20,000.00 4,792.19
None

Total Liabilities.............. I 1,064,269.91

STATEMENT

Showing condition at the close of business December 31, 1961, 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, includin~ reserve balances, and cash itematn process of collection......I
United States Government obligations, direct and guaranteed ..... .
Obligat.iop! of States and political
IIU'bdiVIBlOD8 . ..............
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . lnveootmenta and other aaaeta indi-
~~!3.e~::Or:r"e::::. ~~~- ~~~~
Customers' liability to this bank on acceptances outstanding......
Other Aaaeta.................... .
Total Aaaeta................. I

2114,518.94 396,990.63
13,009.37 None None
336,073.38 3,901.89 None
918.00 None None
1.045,412.21

LIABILITIES Demand deposita.................I Time depoatta.................... Deposita of U.S. Government ..... .
D~!t~.:f. ~~~~. ~~~ ~~t.i~~ ~~~
Dej)OIIits of banks . . . . . . . . . . . . . . . . . Other deposita (certified and officers'
checks, etc.) ................... Billa payable..................... . Acceptances executed by or for ac-
count of tltis bank and outstanding........................... . Other liabilities...................
~:r~f:!.::::::::::::::::::: ::::::
Undivided profits................. . Reserves ........................ .

529,022.28 282,683.65
25,297.57 116,099.94
None 3,642.67
None
None 2,655.35 25,000.00 30,000.00 51,010.75
None

Total Liabilities.............. I 1,045,412.21

FORTY-SECOND ANNUAL REPORT

117

STATEMENT Showing condition at the close of business December 31, 1961, of

-.:;;

THE ROCKMART BANK

~~

Rockmart, Ga.

':',

Aa called for by the Superintendent of Banks

M.A. PERRY, President.
Date of Charter: 10-30-1900

JAMES E. WHITE Cashier.
Began Business: 1900

ASSETS Cash, balances with other banka, in-
cludillfl reserve balances, and cash itema m proceBB of collection ...... S United States Government obligations, direct and guarant~ed ..... . Obliga~io."'! of States and political
8Ulld.1Vl810h8 . ,
Other bonds, notes, and debentures.. Corporate atocka (including stock of
Federal Rescne Bank) .......... _ Loans and discounts (including over-
draft&) ....... - ............... . Bank premises owned, furniture and
fixturea.......... - ... - ......... . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to thia bank on acceptances outstanding..... - ... . Other Aaaeta; .................... .

1.087 '988. 99 1,190,949.09
211,688.86 None None
2,023,913.28 67,760.64 None
None None 6.56

Total Aaaeta ..... - ... S 4,582,307.42

LIABILITIES Demand deposita.................. S Time depos1ta.................... . Deposits of U.S. Government..... . DeJ!Ol!i~s of States and political sub-
diviaaons ...................... . J?eJ>08ita of banks ................ . other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding....... - ................... . Other liabilities................... .
~:::~. :::::::::::::::::::::::::
Undivided profits................. Reserves ........................

1,856,681.33 2,131,817.69
19,189.86 186,907.05
None 4,944.05
None
None 14,782.77 100,000.00 100,000.00 107,984.67 60,000.00

Total Liabilities.............. s 4,582,307.42

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE ROME BANK AND TRUST COMPANY Rome, Ga.

Aa called for by the Superintendent of Banks

J. B. DODD, JR., President.
Date of Charter: 4-5-1946

WALLACE C. REED, Cashier.
Began Business: 10-1-1945

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proceBS of collection ...... S United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
8UbdJVI8lOD8 .........
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) ... - . . . . . . Loans and discounts (indu.ting over-
drafts) ..... - .. ------ ... -.----. Bank premises owned, furniture lnd
fixtures ....... - ................ . Real estate owned other than bank
premises....................... . Investments and other 8.811ets indi-
rectly representing bank premia~ or other real estate ... - .... - ... - Customers' liability to this bank on acceptances outstanding.. . . . . . . Other Assets...... -.- .......... -..

1,403,576.81 3,150,269.25
803,810.78 159,877.02
None 3,207,837.23
298,721.03 None
None None 28,821.46

Total Auets.---.. -.-.- ... -. S 9,052,913.58

LIABILITIES Demand deposits.................. S Time deposita.................... . Deposita of U. S. Government ..... _ DeJ!O!i~s of Stat~ and political sub-
diviatona ...................... . Deposita 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..... _............. .
~:.!;!f:!.::: ::::::::::::::: :::: :::
Undivided profits................. . Reserves ........................ .

3,296,119.16 3,485.787.35
287,653.01 1,187,928.67
33,612.97 34,137.53
None
None None 352,000.00 200,000.00 1,368.61 174,306.28

Total Liabilitif's.... - ......... $ 9,052,913.58

118

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

ROSWELL BANK Roswell, GL

As called for by the Superintendent of Banks

WALTER A. EAVES,
President. Date of Charter: 3-1-1901

J. A. MOSTELLER,
Cashier. Began Business: 3-1901

ASSETS Cash, balancea with other banks, in-
cludinj! reserve balances, and cash items 1n process of collection. . . .. I \:nited States Government obligations, direct and guaranteed ..... .
0~1~\~~o::. -~t~~~~ . ~~~- .~~-i~ie_a_l
Other bonds, notes, and deJx.ntures.. Corporate stocks (including atock of
Federal Reserve Bank) .......... . Loans and diseounta (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than ba.nk
premises............... .... . Investment& and other aaaeta indi-
rectly repreJ~Cnting bank premioes or other real estate ............. . Cuotornero' liability to this bank on aeceptances outstanding........ . Other Aoaeta..................... .

673,228.17 1,228,778.82
453,006.72 681,095.00
None 3,581,954.05
48,797.18 None
None None 22,007.74

LIABII.ITIES Demand deposita..................I Time depoo1ta .................... . Deposita of U.S. Government ..... .
D"rvl!~.!f. ~~~~s. ~n~. ~-l~t.i~~~- ~~~
Dejl08ita of banks ................ . Other d~pooita (certified and officero'
checks, etc.) ................... . Billa payable..................... . Acceptanees exe~uted by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:r~f:!.::: ::::::::::::: ::::: ::::
Undivided profito................. . Reserves ........................ .

2,723,192.38 2,494,940.46
94,084.21 553,943.87 139,610.54
18,076.11 None
None 149,649.96 150,000.00 250,000.00 30,370.15 85,000.00

Total Aoaets .................. 1 6,688,867.68

Total Liabilities.............. 1 6,688,867.68

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

STATEMENT

Showing condition at the close of business December 31, 1961, of

TRI-COUNTY BANK OF ROYSTON Royston, Ga.

As Called for by the Superintendent of Banks

LAWSON McCONNELL,

JOE E. RIDGWAY,

President.

Cashier.

Date of Charter: 8-9-1941

Began Business: 9-1-1941

ASSETS Cash, balances with other banks, in-
eludinj! reaene balanoes, and ash iterno 1n process of collection ...... I United States Government obligations, direct and guaranteed. . . . . .
0~~~\~{!'iOl~:. -~~~~. ~~~- -~i~ie.~
Other bonds, notes, and debentures..
Co~~:!i ~~':~:e<W!~'kt~~ _s_t~~- ~~
Loans and discount& (induding overdraft&).........................
Bank premises owned, furniture and fixturea.........................
Real estate owned other than bank premises........................
Investment& and otber aaaeta indirectly representing bank premises or other real estate. . . . . . . . . . . . . .
Customers' liability to this bank on acceptances outstanding... . . . . . . .
OtherAaaets ......................

586,079. 46 1,167,414.46
790,882.84 199,500.00
None 806,935.12
23,910.23 None
None None 1,139.27

Total Assets.................. I 3,555,861.38

LIABILITIES Demand deposits..................1 Time depoo1ts .................... . Depooita of U.S. Government ..... .
D"rvl!l!.!f. ~~t~s. ~~~- ~-l~t.i~~l- ~~~
Depooita of banks ................ . Other depooits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Aceeptanees executed by or for ac-
count of this bank and outatandinll< . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other liabilities .................. .
~:r~f:!::::::::::::::::::::::::::
l'ndivided profits................. .
Rt>scr\es ........................ .

1,891,377.42 I ,227,401.59
29,402.41 172,090.65
None 90.75 None
None 9,610.01 50,000.00 100,000.00 75,888.55
None

Total Liabilities.............. I 3,555,861.38

------------- -~F~O~R~T~Y~-S~E~C~O~N~D~A=N~N~U~A~L~R=E=P~O~R~T~------------~119 STATEMENT

Showing condition at the close of business December 31, 1961. of

BANK OF RUTLEDGE Rutledge, Ga.

As Called for by the Superintendent of Banks

R. W. WALLACE, President.
Date of Charter: 9-24-1898

C. B. VINING, Cashier.
Began Business: 10-1-1898

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cub items in pr()Ce88 of collection ...... :I United States Government obligations, direct and guaranteed ..... .
Ob~~'f!N::o:.:. -~~~. ~~~- -~~~i-~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
pren1iaea....................... . Investments and other aaaets indi-
rectly representing bank premiaea or other real estate............ .. Customers' liability to this bank on aet"eptancca outstanding......... . Other Aaaets..................... .
Total Aneta.................. I

174,893.48 476,726.81
16,521.64 67,937.50
None 451,589.55
1,602.80 None
None None None 1,189,271.78

LIABILITIES Demand deposits................. I Time deposits.................... . Deposits of U. S. Government ..... . De~i~ of States and political suh-
diviatOJUI . .....................
8~C'~~~~riifie.i ~ci om~~ checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of thia bank and outstand-
::: ::: :::::: :::::::: ::: :: Otihnegr.l.i.abilities...................
~::::f:!.
Undivided profits................. . Reserves ........................

472,140.40 414,220.07
427.94 164,820.78
None 505.95
None
None None 25,000.00 50,000.00 58,085.48 4,071.16

Total Liabilities.............. I 1,189,271.78

STATEMENT

Showing condition at the close of business December 31, 1961, of

SAINT MARYS STATE BANK Saint Marys, Ga.

As called for by the Superintendent of Banks

J. B. MILLER, President.
Date of Charter: 4-12-1955

FLEM J. HALL, Cashier.
Began Business: 8-4-1955

ASSETS Cash, balancca with other banks, in-
eluding reserve balances, and cash items in proeeu of collection...... I United States Government obligations, direct and guaranteed ..... . Obliga~io_n~ of State.s and political aubdtvtstona . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and diaeounts (including overdrafts) ....................... .. Bank premiaea owned, furniture and fixtures.................... .. Real estate owned other than bank
premiaea................ Investments and other aneta indi-
rectly representing bank premiaea or other real estate............ .. Customers' liability to this bank oo acceptances outstanding.......... . Other Aneta..................... .

436,141.38 495,114.29
None 139,875.00
None 619,209.11
13,059.30 None
None
Non~
2,176.68

TotaiA88ets................ 1 1,705,575.76

LIABILITIES Demand deposits............... I Time depos1ts.................... . Deposits of U.S. Government..... .
D~~~~ ~~~~~ ~~ ~~~~~ ~~~
Dejloaits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of thia bank and outstanding........................... . Other liabilities.................. . Capital. ........................ .. Surplus......................... . Undivided profits................. . Reserves ....................... ..

677,913.45 426,630.74 193,835.77 240,880.42
None 3,584.34
None
None 30,085.82 50,000.00 75,000.00 7,645.22
None

Total Liabilities........ I 1,705,575.76

120

DEPARTMENT OF BANKING

STATEMENT Showing condition at the c:lose of business December 31, 1961, of
ST. SIMONS STATE BANK St. Simoas Island, Ga.

As ealled 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

ASSETS Caeh, balaneea with other banks, in-
cludinjr .-.erve balaneea, and cub items m proeeaa of collection...... $ United States Government oblicationa, direct and paranteed ..... . Oblip~~ of States and political
8UIMiiVl8lOD8 ...
Other bonds, notes, and debentures.. Conlorate stks (including stock of
Yederal Reserve Bank) .......... . L.na and diacounte (including over-
dralte) ........................ . Bank premises owned, furniture and
lbturea........................ . Real eetate owned other than bank
premises....................... . Inveetmente and other aeaete indi-
rectly rep.-.entina bank premises or other real eetate............. . Customers' liability to tbia bank on aoceptancee outetandiq........ Other Aeaete...................
Total Aeaete. . . . . . . . . . . . . $

420,557.79 318,965.57
38,319.79 244,943.75
142.77 925,899.53 21,488.65
None
6,679.05 None
4,889.74 1.981,886. M

LIABILITIES Demand deposita ................. $ Time depoa1te.................. Deposita of U. S. Government .....
DecG:!~f. ~~~. ~~. ~~t~~~- ~~~
~l:;!.;~riffi"ed' ;.;.d ~iiim' checks, etc.) ........... Billa payable.................... Acceptances e:recuted by or for so-
count of this bank aDd outetandina ...................... Other liabilitiee............ Capital.......................... . Surplus ................. Undivided profits.. Reserves ......... : .......

1,015,547.17 631,907.87 40,667.74 136,816.56 33,698.86 512.98 None
None 2,326.14 75,000.00 30,000.00 12,509.32 2,900.00

Total Liabilitiee ~886.64

STATEMENT Showing condition at the close of business December 31, 1961, of

THE GEO. D. WARTHEN BANK Sandersville, Ga.
As ealled for by the Superintendent of Banks

C. FINDLAY IRWIN, SR., President.
Date of Charter: 3-18-1957

JOHN D. EVERETl', Cashier.
Began Business: 3-18-1957

ASSETS Cash, balances with other banks, in-
cludinjr reserve balancee, and cash items 1n proeeaa of eollection...... $ United States Government obligations, direct and suaranteed ..... . Oblip~o~ of States and political
8UbdiV1810D8 ...
Other bonds, note&;,. and debentures.. Corporate stocks (1ncludinc stock of
F..deral Reserve Bank) .......... Loans and diacounte (includina over-
dralte) ...................... Bank premises owned, furniture and
lbturea........................ Real estate owned other than bank
premiaea . . . . Investments and other aaaete indi-
:"!~.:=~t!. ~- -~
Customers' liability to this bank on aoceptancea outstanding.....
Other Aaaeta ...

1,8ll,666.30 1,427 ,318. 77
458,8.~2.34
39,462.50 None
2,237,938.03 1.00
17,500.00
None None None

TotaiAaaeta.................. $ 5,992,738.94

LIABILITIES Demand deposita................ $ Time depoa1ta.................... . Deposita of U.S. Government ..... . De~i~ of States and political sub-
divisJooa ... .................... .
R:C:l:~~'t!rufi"ed' ~~d offim; cbecka, etc.) ............ Billa payable..................... Acceptancee executed by or for ac-
eount of this bank and nutatand ing ......................... Other liabilities.................. .
~::!:::: ::::::::::::::::::::::
Undivided pro&ta................. . Reserves ........................ .

3,866,192.34 828,649.02 89,726.09 611,656.81 None 44,182.78 None
None None 100,000.00 300,000.00 152,331.90 None

Total Liabilities.......... $ 5,992,738.94

FORTY-SECOND ANNUAL REPORT

121

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF SARDIS Sardis, Ga.
As called for by the Superintendent of Banks

W. H. SMITH, President.
Date of Charter: 4-27-1946

L. F. BARGERON, Cashier.
Began Business: 7-2-1946

ASSETS Cash, balances with other banks, in-
~ludilljl reserve balances, .and rash Items m proeetN1 of collert1on ......:1 t::nited States Government obligatiooa, direct and guaranteed ..... .
0~!f:N:i.1o.:'1. -~~~. ~~~- .~~i~~~
Other bonds, not.., and debentures.. Corporate stocks (ineludin& stock of
Federal Reserve Bank) .......... . Loana and discounts (induding over-
drafts) ........................ . Bank premises O""lled, furnitur~ and
filEturea ........................ . Real estate owned other than bank
pren1isfoa. ...................... . Investments and other assets indi-
~~~f.e~e~'":i:~':. ~~- .~r~~~~~
Cuatomera' liability to this bank on aoeeptances outstanding......... .
Other Aaaets..................... .

255,450.62 143,145.56
7,087.90 25,000.00
Noae 266,099.41
4,509.36 Noae
Noae None Noae

Total Aasets. . . . . . . . . . . . . . . . -.--.,-00-,292--.85-

LIABILITIES Demand deposits..................I Time deposits.................... . Deposits of U.S. Government ..... .
D'rv'~~~n~f. ~~t~. ~n~. ~~~t.i~~- ~~~
Deposits of banks ................ . Other deposits (rertified and offieera'
eheeko, etc.) ................... . Bills payable................... , .. Aereptanees neeuted by or for ac-
count of this bank and outstandin& ........................... . Other liabilities .................. .
~:pi~.:::::::::::::::::::::::::
un'lvided profits................. . Reserves ........................ .

252,780.32 213,445.44
1,237.93 142,041.60
5,556.30 961.58 None
Noae Noae 25,000.00 35,000.00 24,269.68 None

Total Liabilities.............. I 700,292.85

STATEMENT

Showing condition at the close of business December 31, 1961, of

ATLANTIC SAVINGS AND TRUST COMPANY Savannah, Ga.

As called for by the Superintendent of Banks

EDGAR R. TERRY, President.
Date of Charter: 11-6-1933

JAS. J. JOHNSON, Cashier.
Began Business: 11-6-1933

ASSETS Cash, balances wi~h other banks, in-
cludinfr reserve balances, and cash items m proeeSB of collection...... I
United States Government obli&atiooa, direct and guaranteed . . . . . .
Ob~~:o:1. -~~~. ~n~..~~-i~i~~~
Other bonds, notes, and debentures..
Co~= ~~e<W!~':.~~~~ .s.~~. ~~
Loana and discounts (includinll overdrafts).........................
Bank premises owned, furniture and fiKturea.........................
Real estate 01-ned other than bank premises........................
Investments and other assets indirectly representin11 bank premisea or other real estate. . . . . . . . . . . . . .
Cuatomera' liability to this bank on acceptances outstandin&. . . . . . . . . .
Other Aasets......................

401,470.73 1,035,700 .00
22,893.47 None None
2,589,554.15 79,447.87 1.00
None Noae 1,671. 90

TotaiAaaets.................. l 4,130,739.12

LIABILITIES Demand deposits................. I Time depos1ts...................... Deposits of U.S. Government ..... .
D'J:~~t:.:f. ~~~- ~~. ~~~t~~~- ~~~
Deposits of banks ................ . Other deposits (certified and officera'
cheeks, etc.) ................... . Bills payable.................... .. Acceptances elEecuted by or for ac-
rount of this bank and outstand in& ........................... . Other liabilities................. Capital. ......................... . Surplus ......................... . Undivided profits................. . Reaer,es ........................ .

None 3,051,783.74
None 333,800.00
10,000.00 20,535.04
None
None 342.60 100,000.00 400,000.00 214,277.74
None

Total Liabilities.............. I 4 ,130, 739. 12

122

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

THE CARV.l!iR SAVINGS BANK Savannah, Ga.

As called for by the Superintendent of Banks

L. D. PERRY, President.
Date of Charter: 4-29-1947

MRS. B. G. GUNNER, Ass't Cashier.
Began Business: 6-4-1947

ASSETS

Cub, balances with other banks, in-

eludiDJ reserve balances, and caah

itema m proceaa of collection...... $

United States Government obliga-

uoaa, direct and paranteed ..... .

Obliaa~ of States and political

l\ibdiV1110D8 ................... .

Other bcmda, notes, and debentures ..

Corporate stocks (including atock of

r-FneadearnaldRdeissecrovuentBsa(nikn)c.lu.d.i.n.g.

.... . over-

draft&) ........................ .

Bank premiere o.-ned, furniture and

lbturea........................ .

Real estate owned other than bank

premiaea....................... .

Investment& and other aaaeta indi-

reet)y representing bank premiaea

or other leal estate............. .

Customers' liability to thia bank oo

Oth-:ec~.~~~~~::::::::::

TotaiAMeta.................. $

337,714.42 65,000.00 35,824.87
None 100.00 628,355.87 40,669.39 2,533.04
None None 620.72 1,110,818.31

UABILITIES Demand deJIOIIits. . . . . . . . . . . . . . . . . $ Time deposta.................... . Deposita of U. S. Government ..... .
De.frvT!l:~~ ~~~~- ~~~- ~~~~~1. ~~~ ~:.;!..~riified: ~~d .;fi;~~,:,;
checks, etc.) ................... . Billa payable..................... . Acceptances eJ:ecuted by or for ac-
count of thia bank and outatand-
inc .......................... .
Other liabilities .................. .
~::.~.::: :::::: ::: ::: :: :: :: ::: :
Undivided pro&ta................. . Reserves .....................

None 875,786.69
None 6,600.00 22,000.00 10,018.22
None
None 1, 731.71 100,000.00 40,720.00 33,961.69 20,000.00

Total Liabilities.......... $ 1,110,818.31

STATEMENT

Showing condition at the close of business December 31, 1961, of
CHATHAM SAVINGS BANK Savannah, Ga.

As called for by the Superintendent of Banks

ELTON W. CREECH, President.
Date of Charter: 8-11-1953

GILBERT G. WOOD, Seey. & Treas.
Began Business: 8-11-1953

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... I United Stawa Government obligations, direct and guaranteed ..... . Obliga~~ of States and political aubdlvl8&ona . . . . . . . . . . . . . . . . . . . . Other bonda, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises omed, furniture and &J:turea........................ .
Real estate o"'Jled other than bank premises....................... .
Investments and other asset& indireetiY representing bank premises or oiber rest estate ............. .
Custon>era' liability to thia bank on acceptances outstanding.........
Other Aaacta..................... .

248,162.11 None
360,726.13 None 1.00
2,652,558.91 1,836.89
15,939.83
None None 5,937.50

TotalAaaeta................. $ 3,265,162.37

LIABILITIES Demand deJIOIIits................. $ Time depos1ta.................... . Deposita of-U.S. Government ..... .
DeJrvT!!~n'!f. ~~~~s. ~n~. ~-l~ti~~- ~~~
Deposita of banks ................ . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

None 2,488,903.13
None 10,582.90 10,000.00
803.45 None
None 23,053.53 300.000.00 300,000.00 151,819.36
None

Total Liabilities............. $ 3,285,162.37

---------------------F-O--R-TY-SECOND ANNUAL REPORT

123

STATEMENT

Showing condition at the close of business JJeeember 31, 1961, of

THE GEORGIA STATE SAVINGS BANK OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks

H.M.DUNN, President.
Date of Charter: 7-29-1909

S. A. BREWTON, Cashier.
Began Business: 8-4-1909

ASSETS Caah, balances with other banka, in-
cludin~ reaerve balancea, and caah itema 10 proceaa of coJiection ....... S United Statea Government obligations, direct and guaranteed ..... . Obliga~io!'!' of States and political
BUbdlVIBlODI ..........
Other bonds, notes, and debentures.. Corporate stocks (including atock of
Federal Reaerve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premiees . ...................... . Investments and other assets indi-
rectly repreaentiog bank premiaea or other real estate ....... 00 Cuatomera' liability to this bank on acceptancea outstanding......... . Other Aaaeta . . . . 00 . . 00.00 00

585,970.46 718,156.25 618,428.46
50,000.00 None
7.253,317.13 134,481.62 35,270.20
None None 7,799.42

Total Aaaeta ............... S 9 ,403,423 .54

LIABILITIES Demand deposita ..... oo .. oo. oo . oo

s

Tirue deposita.....................,

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

. D'JivT!~~n~~ ~~~~. ~~~. ~_l~t.i~~~. ~~~

Depoaita of banka ................ . Other deposita (certified and officera'
checks, etc.) ................... . BiiJs payable .............. 00 Arceptancea executed by or for ac-
count of this bank and outstanding ........................... . Other liabilitiea .................. . Capital. ......................... Surplus ......................... . Undivided profita................. . Rearrves........................ .

None 8,065,185. 23
None 241,086.25 35,000.00
9,753.18 None
None 88,469.77 325,000.00 325,000.00 293,929.11 20,000.00

1'otal Liabilities............. S 9,403,423.54

STATEMEN1'

Showing condition at the close of business December 31, 1961, of INDUSTRIAL SAVINGS BANK OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks

L. R. WYLLY, JR., President.
Date of Charter: 5-20-1954

A. B. GAMMON, JR., Sec.-Treas.
Began Business: 5-20-1954

ASSETS Caah, balances with other banks, in-
eludin~ reserve balances, and cash items In proceaa of collection ...... S United Statea Government obligations, direct and guaranteed . . . . . . Obligat.io!'!' of Statea and political subd1v181ons. . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank). . . . . . . . . . . Loans and discounts (including overdrafts) ......... oo 00 oo . . . . . . . . Bank premises owned, furniture and fixtures....... oo................ Real estate owned other than bank premises........................ Investments and other assets indireetly representing bank premises or other real estate . . . . . . . . . . . . . . Customera' liability to this bank on acceptances outstanding... . . . . . . OtherA888taoo....................
s Total Aaaeta ............... ...

230,640.26 56.'i, 546. 88
None None None 1, 127 , 908. 06 12,305.66 1,205.54
None None 4,793.95 1,942,400.35

LIABILITIES Demand deJIOiita................. .S Time deposita.................... . Deposita of U. S. Government ..
Dr~t~~ ~~~. ~~. ~~~t.i~ ~~~
Deposita of banks .. oo oo .. oo .... oo Other deposita (certified and officers'
checks, etc.) ................... . Bills payable.... oo .... oo ..... 00 00 Acceptancea executed by or for ac-
count of this bank and outatand iog. 0 ......................... . Other liabilities ...... 00 00 00.00 .. .. Capital .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0. 0 0 0 ... Surplus ...... 00 00 0000 00 ........ .. Undivided profits................. . Reaerves ........................ .

271,399.12 1,026,321. 76
None 187,723.12
None 3,859.45
None
None 140,809.92 150,000.00 50,000.00 112,286.98
None

Total Liabilities.............. S 1,942,400.35

124

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of

SAVANNAH BANK AND TRUST COMPANY OF SAVANNAH Savannah, Ga.

As called for by the Superintendent of Banks

REUBEN G. CLARK, President.
Date of Charter: 3-4-1869

THOMAS J. CHRISTIAN, Cashier.
Began Business: 7-1-1869

ASSETS

Cub, balances with other banks, in-

cludi"' reserve balances, and cub

items 1n process of collection...... I 9, 550, 863. 64

United States Government obliga

tiona, direct and guaranteed . . . . . . 13,427 ,629 . 15

Obli&a~i~~ of States and political

aubdiV18tona . . . . . . . . . . . . . . . . . . . . 2, 209 , 392. 41

Other bonds, notes, and debentures..

196,109.06

Corporate atocka (including stock of

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

120,001.00

Loans and discounts (including over-

drafts)......................... 25,390,298.57

Bank premises owned, furniture and

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

838,943 . 16

Real estate owned other than bank

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

None

Investments and other 1188eta indi-

:"!~e~r:.."/':~~- ~- ~r~~~~

None

Customers' liability to this bank on

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

750.00

Other Aaaeta......................

516,332.98

Total Aaaeta .................. I 52,250,319.97

LIABILITIES

Demand deposita..................I 21,776,692.84

Time depostta..................... 16,798,781.71

Deposita of U. S. Government. . . . . . 1,213,461.15

D':WvT!l~n~f- ~~~~- ~~~- ~l~t!~~~ ~~~ 2,794,893.47

Deposita of banks. . . . . . . . . . . . . . . . . 3,762,189.68

Other deposita (certified and officers' checks, etc.) ................... .
Billa payable..................... .

283,899.57 None

Acceptances executed by or for ac-

count of this bank and outstand-

ing........................... .

750.00

::: ::::.: :: :::: :: :: :::: ::: Other liabilities................... . 812,986.40

~:r;f:!.

1,500,000.00 2,500,000.00

Undivided profits................. . Reserves ........................ .

716,633.69 90,031.46

Total Liabilities.............. $ 52,250,319.97

STATEMENT Showing condition at the close of business December 31, 1961, of

FARMERS AND MERCHAN118 BANK OF SENOIA Senoia, Ga.
As called for by the Superintendent of Banks

R. W. FREEMAN, President.
Date of Charter: 3-2-1874

HATTIE S. WHATLEY, Cashier.
Began Business: 1889

ASSETS Cub, balances with other banks, in-
cluding reserve balances, and cub items in process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga_~i~n~ of States and political subdtvtatona . .................. . Other bonds, notea, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premises....................... . Investments and other 1188eta indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptancea outstanding......... . Other Aaaeta..................... .

153,396.66 631,708.59
5,600.00 None None
371,040.42 27,829.58 None
None
~one
792.00

Tota!Aaaeta .................. $ 1,190,367.25

LIABILITIES Demand deposita................. I Time depoatta.................... . Deposita of U. B. Government . . . . . . De~i! of States and political aub-
divistona ...................... . Deposita of bank& ................ . Other deposita (certified and officers'
checks, ete.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:;:~!::::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

477,228.55 549,455.69
808.00 63,623.20
None 3,557.57
None
None None 30,000.00 55,000.00 10,694.24 None

Total Liabilities............ $ 1,190,367.25

FORTY-SECOND ANNUAL REPORT

125

STATEMENT Showing condition at the close of business December 31, 1961, 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 proceas of collection ...... 1 United States Government obligations, direct and guaranteed ..... . Obligat_io.n~ of States and political
8UbdJVISIOD8 . .................. .
Other bonds, notes, and debentures.. Corporate stocks (Including stock of
Federal Ueserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures .............. .......... . Real estate owned other than bank
premises ....................... . Investments and other assets indi-
rectly rf"prcscnting bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding. ........ . Other Aasets.................... .

Total Assets . . . . .

.... I

89,262.07 242,000.00
None None None 64,445.35 301.00 None
None None None 396,008.42

LIABILITIES Demand deposita..................I Time depoatta .................... . Deposits of U.S. Government ..... .
DTv'~l~n~f. ~~~e. ~~. ~~t.i~l. ~~~
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 ........................ .

67,180.77 63,357.84
None 232,273.72
None 85.50 None
None None 15,000.00 17,000.00 I ,110.59 None

Total Liabilities....

.... I 396,008.42

STATEMENT

Showing condition at the close of business December 31, 1961, of
FIRST STATE BANK Shellman, Ga.

As called for by the Superintendent of Banks

J. W. WALKER, President.
Date of Charter: 12-31-1958

J. W. CURRY, Cashier.
Began Business: 1-2-1959

ASSETS

Cash, balances with other banks, in-

cludinjl reserve balances, and eash

items tn proceas of collection ...... I 236,710.10

United States Government obliga-

tions, direct and guaranteed ..... .

665,125.00

o~~f!N~~Ton~f. -~t~~~~. ~~~. -~l.i~i~~

5,000.00

Other bonds, notes, and debenturPa..

225,781.25

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ .

583,452.06

Bank premises owned, furniture and

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

8,496.69

Real estate owned other than bank

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

None

Investments and other aasets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

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

None

- - - - - - Other Aaseta..................... .

966.80

Total Assets ................. I l. 725,531.90

LIABILITIES I Demand deposita................ . Time depostts.................... . Deposita of U. S. Government ..... . DeJ!O~i!s of States and political sub-
divtslons ...................... . DPposits of hanks ................ . Other deposits (certified and officers'
rheeks, ~tc.) ................... . Billa payable..................... . Acceptances pxecuted by or for 1\'C-
count of this bank and outstanding ........................... .
Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits ................. . Reserves ...... ................. .

1,243,364.67 140,420.97 27,306.66
131,253.86 None
4,259.71 None
None 6,000.00 50,000.00 75,000.00 47,926.03
None

Total Liabilities.............. I 1.725,531.90

126

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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. BURGER, Cashier. Began Business: 8-5-1946

ASSETS Cub, balances with other banks, in-
cludinll reaerve balances, and euh items 1n process of collection ...... $ United States Government obligations, direct and guaranteed ..... .
0~~~\~Ton~f..~~~. ~~..~~i~~~
Other bonds, notes, and debentures.. CO!JII?rate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) .................... Bank premises owned, furniture and
fi:d.ures........................ . Real estate owned other than bank
premises....................... . Investments and other &BSete indi-
~~!~1.e~":'::l'::~:. ~~~~. ~r~~~~
Customers' liability to this bank on acceptances outstanding......... .
Other ABSets..................... .

715,544.39 1,490,566.08
620,518.19 294,937.50
None 2,099,476.75
72,370.13 8,558.94
None None 8,471.34

Total ABSets . . . . . . . . . . . . . . . . . . $ 5,310,443.32

LIABILITIES Demand deposits ................. S Time depOSitS .................... . Deposita of U. S. Government ..... .
D1i~l~n~f. ~~~-:e. ~~~. ~.o~~t~~~l. ~~~
Deposits of banks................ . Other deposits (certified and officers'
checks, ~tc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

2,835,694.27 1,714,493.49
57,736.67 277,272.94
None 5,745.02
None
None 55,916.81 200,000.00 100,000.00 63,584.12
None

Total Liabilities.............. S 5,310,443.32

STATEMENT

Showing condition at the close of business December 31, 1961, of

SOCIAL CIRCLE BANK Social Circle, Ga.

As ca&d for by the Superintendent of Banks

J. H. STEPHENS, President.
Date of Charter: 12-31-1923

C. E. MOORE, Cashier.
Began Business: 3-8-1924

ASSETS Cub, balances with other banks, in-
cludinf! reserve balances, and cash items 1n proceBS of collection ...... S United States Government obligations, direct and guaranteed ..... . Obliga~io~~ of States and political SUbdiVJSIOnS . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentureo.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures .................. : ..... . Real estate owned other than bank premieea....................... .
Investments and othr 11118ete indirectly representing bank premises or other real estate ............. .
Customers' liability to this bank on acceptances outstanding......... .
Other ABSets..................... .

205,480.92 502,471.50
3,000.00 None None
790,613.78 25,400.27
None
None None None

Total ABSete ................ S 1,526,966.47

LIABILITIES Demand deJ>osits ................. .S Time depos1ts.................... . Deposits of U. S. Government ..... . D~i!s of States and political sub-
divistona ...................... . Deposits of banks ................ . Other deposits (certified and officers'
cheke. etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:~}~!::::::::::::::::::::::::::
Undivided profits................. . Reser\o'"8 ........................ .

726,699.79 372,250.67
37,161.16 228,305.33
None 3,615.37
None
None 9,713.04 50,000.00 50,000.00 49,221.11
None

Total Liabilities.............. S 1,526,966.47

FORTY-SECOND ANNUAL REPORT

127

STATEMENT Showing condition at the close of business December 31, 1961, of

THE BANK OF SOPERTON Soperton, Ga.

As called for by the Superintendent of Banks

JIM L. GILLIS, JR., President.
Date of Charter: 7-16-1906

B. KENNON GILLIS, Cashier.
Began Business: 190~

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash it<>ms in process of collection ......S UnitOO Stat<ls 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 acceptancf'S outstanding......... . Other Assets..................... .

525,624.21 1,126,535.76
351,980.36 599,750.00
None 1,199,082.58
5,000.00 None
None None 2,518.38

Total Assets ................. S 3,810,491.29

LIABILITIES Demand deposits................. S Time deposits.................... . Deposits of U.S. Government . . . . . .
D';R~~~n~f. ~~~~~- ~~~- ~-oJ~t~~- ~~~~
Deposits of banks ................ . Other depoits (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, 713,932.72 1,301, 788.69
22,432.10 426,814.26
None 16,273.45
None
None 67,721.72 100,000.00 100,000.00 61,528.35
None

Total Liabilities.............. S 3,810,491.211

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF HANCOCK COUNTY Sparta, Ga.

As called for by the Superintendent of Banks

S. H. HOLLIS, President.
Date of Charter: 10-18-1904

WM. W. ARCHER, Cashier.
Began Business: 9-5-1904

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~io_n~ of Stat<ls and political aubdtvl8tons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank! .......... . Loans and discounts (incluiing overdrafts) ........................ . Bank premises owned, furniture and fi><tures ........................ . 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..................... .

423 ,Ill. 5fi 835,767.24 319,829.52 199,703.13
None 1,449,516.42
6,800.00 1.00
None None Nonr

Total Assets .................. S 3,234,728.87

LIABILITIES Demand deposits................. .S Time depos1ts .................... . Deposits of U.S. Government ..... .
D'Jl~!~n~f. ~-~~s. a~~- ~-l~t~~l. ~~~
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................. .
Resarves ........................ .

1,004,124.84 1,544,100.51
24,464.79 409,194.56
None 13,466.94
None
None None 100,000.00 100,000.00 19,377.23 20,000.00

Total r.iabilities...............$ 3,234,728.87

128

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE EXCHANGE BANK OF SPRINGFIELD Springfield, Ga.

As called for by the Superintendent of Banks

B. L. RAHN, President.
Date of Charter: 12~30-1907

EMORY A. SHEAROUSE, Cashier.
Began Business: 1-1-1908

ASSETS Cash, balances with other banks, in-
cluding reserve balanres, and cash items in proceaa of collection. . . . . . $ United States Government obligations, direct and guaranteed ..... . Obligat_io_n~ of States and politi~al aubdtvtstona . .................. . Other bonds, notes, and debentures.. Corporate st.o~ks (including st~k of Federal 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..................... .

613,862.66 1,045,859.38
190,5ll.65 None None
1,354,064.56 2,754.02 None
None None None

Total Assets.................. $ 3,207,052.27

LIABILITIES Demand deposits.................. $ Time deposlls.................... . Deposits of U. S. Government ..... .
D'Jfvi!l~n~~ ~~~~~s- ~~~- ~.0.~t~~~~- ~~~
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................. . Rel'erves ........................ .

1,204,9011.70 1,535,422.20
2,030.00 228,690.37
5,000.00 None None
None None 50,000.00 100,000.00 81,000.00 None

Total Liabilities...............$ 3, 207 ,052. 27

STATEMENT

Showing condition at the close of business December 31, 1961, 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.
Besran Business: 1916

ASSETS Cash, balances with otber 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
subdtvlBtons ................... .
Other bonds, notes, and debentures.. Corporate s~ks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and otber assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

403,724.24 472,027.34 100,765.53 234,987.50
None 160,625.41
8,945.40 None
None None None

Total Assets.................. $ 1,381,075.42

LIABILITIES Demand deposits..................$ Time depos1ts.................... . Deposits of U.S. Government ..... .
De.Jl:!l~n~~ ~~~s. ~~- ~~~t~~~~- ~~~
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 ........................ .

936,196.25 187,873.75
3,551.36 122,458.01
None 9,509.65
None
None None 25,000.00 50,000.00 46,486.40 None

Total Liabilities.............. $ 1,381,075.42

FORTY-SECOND ANNUAL REPORT

129

STATEMENT

Showing condition at the close of business December 31, 1961, of
BULLOCH COUNTY BANK Statesboro, Ga.

As called for by the Superintendent of Banks

W. G. COBB, President.
Date of Charter: 1-19-1934

J. BRANTLEY JOHNSON, Cashier.
Began Business: 4-14-1934

ASSETS

Cash, balances with other banks, in-

clud~ reserve balances, and cash

items In process of collection...... $ 972,196.12

United States Government obliga-

tions, direct and guaranteed . . . ... 1,753,173.18

Obliga~io_n~ of States and political

8Ubd.IV1810DS ...... , ...... , .... ,

520,187.80

Other bonds, notes, and debentures..

99,968.75

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . 1.799,014.91

Bank premises owned, furniture and

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

137,057.97

Real estate owned other than bank

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

6,500.00

Investments and other IU'Sets indi-

rectly representing bank premises

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

None

Customers' liability to this bank on

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

None

- - - - - Other Assets..................... .

760.00

Total Assets ................. $ 5,288,858.73

LIABILITIES Demand deJ>OSits.................. $ Time deposits.................... . Deposits of U. S. Government . . . . . . DeP.~i!s of States and politieal sub-
divtstona ...................... . 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.................. .
~:r~r:!.
Undivided profits ................. . Reserves ........................ .

3,105,900.85 904,973.41 145,594.62 502,240.86 69,921.63 43,936.25 None
None 29,550.37 200,000.00 200,000.00 66,740.74 20,000.00

Total Liabilities.............. $ 5,288,858. 73

STATEMENT Showing condition at the close of business December 31, 1961, of

SEA ISLAND BANK Statesboro, Ga.

As called for by the Superintendent of Banks

C. B. McALLISTER, President.
Date of Charter: 3-11-1901

H. E. BRAY, Cashier. Began Business: 1901

ASSETS Cash, balances with other banks, in-
cludin~ reserve balances, and cash items 1n process of collection...... $ United Statea Government obligations, direct and guaranteed ..... . Obliga~io."'! of Statea and political
8UbdiVlSlOD8 . .............
Othrr bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures..................... . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1,887,163.92 987,675.82 188,836.48 None None
3,242,580.51 39,653.64 None
15,000.00 None None

Total Aaaets .................. $ 6,360,910.37

LIABILITIES Demand deposits................. $ Time depOSits .................... . Deposits of U.S. Government ..... . DeP."'!i~ of Statea and political sub-
divlBtona ...................... . 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 ........................ .

4,040,588.83 1 ,021,878.28
41,248.84
517,131.33 65,615.79
59,761.03 None
None None
12.~.000.00
300,000.00 124,457.49 65,228.78

Total Liabilities...............$ 6,360.910.37

~13~0~---------------=D=E~P=A=R~T=M=E=NT OF~B=A=N~KI==N~G~-----------------

STATEMENT Showing condition at the close of business December 31, 1961, of

THE BANK OF STONE MOUNTAIN Stone Mountain, Ga.

As called for by the Superintendent of Banks

WALTER H. GIBSON, President.
Date of Charter: 4-17-1957

ROBERT L. MAUGHON, Cashier.
Began Business: 6-6-1957

ASSETS Cash, balances with other banko, in-
cluding reoerve balances, and caoh itemo in proceaa of collection...... S United States Government obligatiolltl, direct and guaranteed . . . . . .
0~~'f!J\~l!Ton0:. -~~~~. ~~~- .~~i~~
Other bondo, notes, and debentures .. Corporate atocko (including stock of
Federal Reserve Bank) .......... . Lo&Dtl and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premiaea....................... . Investments and other assets indi-
rectly repreoenting bank premiaea or other real estate ............. . Cuotomera' liability to this bank on acceptances outstanding. . . . . . . . . . Other Aaaeta......................

330,163.44 557,672.77
None 175,298.99
None 898,083.16
4,506.05 None
None None 10,058.18

Total Aaaeta .................. S 1,975,782.59

LIABILITIES Demand deposita.................S Time depos1ta .................... . Deposita of U.S. Government ..... .
D':lfv'l!f!n~~ ~~~~~. ~~~- ~!~t.i~~- ~~~
Deposita of banks . . . . . . . . . . . . . . . . . Other deposita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... .
:::::: :::: :: :: ::::::: :: :: Other liabilities.................. .
~::;:f:!.
Undivided profits................. . Reoervea ........................ .

1,117,110.37 527,860.52 15,013.28 85,574.15 15,000.00 12,223.38 None
None 46,788.19 100,000.00 20,000.00 34,987.09
1,225.61

Total Liabilities...............$ 1,975,782.59

STATEMENT Showing condition at the close of business December 31, 1961, 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,
Cashier. Began Business: 2-6-1926

ASSETS Cash, balances with other banks, in-
cluding reserve balanCI'II, and caoh items in proceBB of collection. . . . . . S United States Government obligatiolltl, direct and guaranteed . . . . . . Obliga~io_n~ of States and political
aubdlV18lODtl. . .. . . . .. .. ..
Other bondo, notes, and debentures.. Corporate stocks (including stock of
Federal R"""rve BMk). . . . . . . . . . . Loans and discounts (including over-
drafts) . . . . . .. . . . . . . . . . . . . . . . . . . Bank premieea owned, furniture and
fixtures......................... Real estate owned other than bank
premiaea........................ Investments and other &BBeta indi-
rectly representing bank premiaea or other real estate . . . . . . . . . . . . . . Cuotomera' liability to this bank on acceptances outstanding. . . . . . . . . . Other Aaaeta.. .. . . . . . . . . . . . . . . . . . .
TotaiAaaeta.................. s

1, 383, 539 .0!1 2, 492 , 376 .55
760,287. 52 149,750.00
None 2,228,800. 97
45,000.00 13,250.00
None None 164.59 7,073,258.72

LIABILITIES Demand deposita..................S Time depoata.................... . Deposita of U.S. Government ..... .
D'Jl~~f!~f. ~~~~- ~~ ~-~~~~1. ~~~
Dejl08its of banks ................ . Other deposita (certified and officers'
checka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of thia bank and outstanding............................ .
::::::::::::::::::::::::: Other liabilities.................. .
~::;:r:!.
Undivided profits................. . Reoervea ........................ .

3,620,688.09 1,412,632.26
415,664.60 929,774.39
None 11,966.23
None
None 4,008.00 200,000.00 350,000.00 25,000.00 103,525.15

Total Liabilities...............S 7 ,073,258. 72

FORTY-SECOND ANNUAL REPORT
------------------------------~---

131

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CENTRAL BANK Swainsboro, Ga.

As called for by the Superintendent of Banks

I. W. ROUNTREE, President.
Date of Charter: 10-27-1920

RAYMOND RINER, 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 Uovernment obligations, direct and guaranteed...... Obliga~io.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 o.,.ned, 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 tltis bank on acceptances outstanding... . . . . . . . Other Assets......................

588,863.38 918,123.33 56,556.12 30,367.51
None 1,550,862.66
69,807.73 None
None None None

Total Assets..................$ 3,214,580.73

LIABILITIES Demand deposits.................. $ Time deposits.................... .
Deposits of U. S. Government ..... . Dep~sits of States and political sub
divisions ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . A('ceptances executed by or for ac-
c<>unt of this bank and outstanding ........................... . Otlllr liabilities .................. . Capital. ......................... . Surplus ......................... . Un<li vitle:l profits................. .
Rest.!rves ........................ .

1,498,948.36 1,062,194.45
28,221.44
258,714.80 89,250.19
6,379.72 None
None None 100,000.00 160,000.00 10,871.77 None

Total Liabilities...............$ 3,214,580.73

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CITIZENS BANK OF SWAINSBORO Swainsboro, Ga.

As called for by the Superintendent of Banks

H. C. EDENFIELD, President.
Date of Charter: 11-10-1900

JAMES R. SMITH, Cashier.
Began Business: 1900

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Uovernment obligations, direct and guaranteed ..... . Obligations of States and political subdivish.ms ................... . Other boncls, not~s. and debentures .. Corporate stocks (including stock of Federal lleserve Bank) .......... . Loans and discounts (including over-
drafts) ................. Bank premises owned, furniture and
fixtures................. Real estste owned other than bank
premises................ Investments and other assets indi-
rectly representing bank premises or other real estate ............. .
Customers' liability to this bank on acceptances outstanding......... .
Other Assets..................... .

1,179,067.21 1,231,617. 75
244,979.23 None None
2,120,959.60 97,325.81 None
None None 1,826.86

Total Assets .................. $ 4,875,776.46

LIABILITIES Demand deposits.................. $ Time deposits.................... . Deposits of U.S. Government ..... . Deposits of States and political sub-
divisions ...................... . Deposits of banks ................. Other deposits (certified and officers'
checks, etc.) ................... . Bill payable..................... . Acecptanccs executed by or for ac.,
count of this bank and outstanding ........................... .
Other liabilities ................. .. Capital. ......................... . ~urplus ......................... . Undivided profits................. . Reserves ........................ .

1,846,000.45 1,792,220.14
129,573.97
552,662.82 160.034.40
23,215.22 None
None 26,895.87 125,000.00 210,000.00 10,173.59
None

Total Liabilities.............. $ 4,875,776.46

132

DEPARTMENT OF BANKING

STATEMENT Showing condition at the elose of business December 31, 1961, of
BANK OF SCREVEN COUNTY Sylvania, Ga.

As called for by the Superintendent of Banks

C. L. MILLER,
President. Date of Charter: 4-10-1911

J. A. FITZNER, 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~iop~ of States and political
8UbdlV1810ns. . . . . . . . . . . . . . . . . . . .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank): . . . . . . . . . . Loans and discounts (including over-
drafts) . . . . . . . . . . . . . . . . . . . . . . . . . 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 ar.ceptances outstanding..........
Other Assets.. . . . . . . . . . . . . . . . . . . . .

863,899.87 654,326.20 747,097.09
None None 2, 305, 829.73 15,000.00 None
None None None

Total Assets.................. $ 4,586,152.89

LIABILITIES Demand deposits..................I Time deposits.................... . Deposits of U. S. Government . . . . . . lJeposits of States and political sub-
divisions ...................... . Deposits of banks ................ . Oth~r deposits (certified and officers'
checks, etc.) ................... . Rills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,981,791.91 1,520,691.79
35,177.84
594,926.47 None
9,835.50 None
None None 100,000.00 150,000.00 193,729.38 None

Total Liabilities.............. $ 4,586,152.89

STATEMENT

Showing condition at the close of business December 31, 1961, of

FARMERS AND MERCHANTS BANK Sylvania, Ga.

As called for by the Superintendent of Banks

W. B. LOVETT, President.
Date of Charter: 2-18-1946

B. GENE TRAPNELL, Cashier.
Began Business: 3-1-1946

ASSETS Cash, balances with other banks, in-
cludinj! reserve balances, and cash items m process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io_n~ of States and political
SUbdlVl810D8 . , ........
Otber bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ .
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......... .
Otber Assets..................... .

472,996.26 454,685.14 184,164.59 200,000.00
None 1.102. 731.91
11,205.50 None
14,400.00 None None

Total Assets ..................$ 2,440,183.40

LIABILITIES Demand deposits..................$ Time depostts.................... . Deposits of U.S. Government ..... .
D'jj~\'!l!n~~ ~~~~s. ~~~. ~~l~t.i~al. ~~~
Deposits of banks ................ . Other deposits (oertified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances exeouted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital.. ........................ . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,096,528.54 704,180.09 11,878.26
457,238.43 None
2,725.63 None
None None 65,000.00 60,000.00 42,632.45 None

Total Liabilities...............$ 2,440,183.40

FORTY-SECOND ANNUAL REPORT

133

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF WORTH COUNTY Sylvester, Ga.

As called for by the Superintendent of Banks

W. J. CROWE, President.
Date of Charter: 4-28-1945

J. N. BOGGS, JR., Cashier.
Began Business: 11-1-1945

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ......I 249,017.77

United States Government obliga-

tions, direct and guaranteed . .... . 826,009.82

Obliga~io_n~ of States and political

8UbdJV1810DS . ............. , .

108,572.83

Other bonds, notes, and debentures.. 400,281.26

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . 941,866.75

Bank premises owned, furniture and

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

13,590.40

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premises

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

31,500.00

Customers' liability to this bank on

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

None

Other Assets......................._ _ _3...;,_1_49_._2_3

LIABILITIES Demand deposits ................. I Time depos1ts..................... Deposits of U.S. Government......
D'Ji~~!l~n~f ~~at~. ~~~- .pol~t.i~~~- ~~~
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 .................. .
~:r;f~!...:::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,155,072.23 870,532.34 9,589.57 248,264.42 26,350.29 19,529.93 None
None 18,265.34 100,000.00 60,000.00 52,850.00 13,533,94

Total Assets .................. I 2,573,988.06

Total Liabilities...............I 2,573,988.06

------------------------------------~~-----------------------------------
STATEMENT

Showing condition at the close of business December 31, 1961, of
SYLVESTER BANKING COMPANY Sylvester, Ga.

As called for by the Superintendent of Banks

T. M. PURDOM, President.
Date of Charter: 7-5-1898

HUBERT V. JONES, Cashier.
Began Business: 7-1898

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ...... I United States Government obligations, direct and guaranteed ..... .
0':~Cf:.1on".:. -~~~. ~~- .~~-i~i-~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

831,079.69 2,284,145.00
19,000.00 None None
1,692,942.93 59,089.00 None
None None None

Total Assets ..................I 4 ,886 ,256 .62

LIABILITIES Demand deposits.................. I Time depostts.................... . Deposits of U.S. Government ..... .
D~!!~n~f. ~~~~. ~~- ~~~~~~- ~~~
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 ........................ .

2,402,663.97 1,810,334.47
42,187.60 224,817.11
6,409.19 19,731.30
None
None 40,204.14 100,000.00 150,000.00 89,908.84
None

Total Liabilities............... I 4, 886,256.62

134

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, 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

MARY SLADE Cashier.
Began Business: 1-13-1891

ASSETS

Cash, balances with other banks, in-

cludin~r reserve balances, and cash

items m process of collection ...... $ 234,733.69

United States Government obliga-

tions, direct and guaranteed ..... .

441,485.00

o~J~t'd\i~~fon~f..~~~~. ~~- .~~i~~~-~

18,893.05

Other bonds, notes, and debentures..

253,968.75

Corporate stoeks (including stock of

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

None

Loans and discounts {including over-

drafts} ........... : ............ .

177,169.65

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 Aascta..................... .

None

Total ASBCta. . . . . . . . . . . . . . . . . . $ 1 , 126, 253 . 14

LIABILITIES Demand deposita.................. $ Time depos1ts.................... . Deposits of U.S. Government . . . . . .
D'jl~~n~f. ~~~~~s. ~~~- ~~t.i~~~- ~~~
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.................. .
~:;r~!.
Undivided profits................. . Reserves ........................ .

554,764.15 28,727.81 6,046.07 418,504.18
None 25.00 None
None None 25,000.00 25,000.00 68,185.93 None

Total Liabilities............... $ 1,126,253 .14

STATEMENT Showing condition at the close of business December 31, 1961, of

WEST GEORGIA BANK OF TALLAPOOSA, GEORGIA Tallapoosa, Ga.

As called for by the Superintendent of Banks

W. I. LANIER, President.
Date of Charter: 12-6-1948

SAM CHEATWOOD,
Cashier. Began Business: 7-6-1949

ASSETS

Cub, balances with other banks, in-

cludinjr reserve balances, and cash

items m process of collection...... $ 296,325.44

United States Government obliga-

tions, direct and guaranteed ..... .

512,922.50

0~~~~0.::. -~~~. ~~- -~~~-~ 43,534.15

Other bonds, notes, and debentures..

361,725.00

Cotporate stocks (mcluding stock of

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

None

Loans and discounts (including over-

drafts} ........................ .

628,211.94

Bank premises owned, furniture and

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

2,323.14

Real estate owned other than bank

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

Nonr

Investments and other aascts indi-

rectly representing bank premises

or oiher real estate ............. .

None

Customers' liability to this bank on

acceptances outstanding.........

None

- - - - - Other Aascts...................... .

1,787.54

Total Aascta .................. $ 1, 846 ,829 .71

LIABILITIES Demand deposits.................. $ Time depos1ts.................... . Deposits of U.S. Government..... . DCJ!O!i~ of States and political aub-
divieaons ...................... . Deposits of banks ................ . Other deposits {certified and oflicera'
checka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~f:!.:::: :::::::::::::::::::::
Undivided profits................. . Reserves........................ .

830,660.77 705,857.76
18,286.51 146,638.55
None 5,286.71
None
None 5,000.00 50,000.00 50,000.00 14,099.41 21,000.00

Total Liabilities............... $ 1,846,829. 71

FORTY-SECOND ANNUAL REPORT

135

STATEMENT Showing condition at the close of business December 31, 1961, 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...... I United States Government obligations, direct and guaranteed ..... .
o~~t~\~~ron~f -~~~~. ~n~.. ~~i~~caJ
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loana and diacounts (including over-
draft&) ........................ . Bank premise& owned, furniture and
fixture& ........................ . Real estate owned other than bank
premilf's....................... . Investments and other aaaets indi-
rectly repreaenting bank premiaea or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other Asseta. . . . . . . . . . . . . . . . . . . . . .

216,478.91 352,221.27
None 109,937.50
None 271,181.41
201.00 None
None None 600 .00

Total Asseta ............... - .. -~--9-50-,-6-20-.09-

LIABILITIES Demand deposita.................. I Time depoata.................... . Deposita of U. S. Government .... .
D'JrvT!l~n~f. ~~~t~. ~~- ~_J~t.i~~- ~~~
Depoaits of banks ................ . Other deposits (certified and officers'
checka, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of thia bank and outstanding ........................... . Other liabilities .................. . Capital.. ......................... Surplua ......................... . Undivided profits................. . Reserves ........................ .

390,448.56 260,624.50
2,752.02 108,6~;,!!
3,111.25 None
NNoonnee
25,000.00 100,000.00 60,027.45
None

Total Liabilities.............. I 950,620.09

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF TEMPLE Temple, Ga.

As called for by the Superintendent of Banks

C. R. HART, President.
Date of Charter: 11-25-1946

L. G. LYELL, Cashier.
Began Business: 7-1-1947

ASSETS

Cash, balance& with other banka, in-

cludinj( reserve balance&, and cash

itema 1n process of collection ...... I

76,311.86

United Statea Government obliga-

tions, direct and guaranteed ..... .

165,925.00

Obliga~io}l~ of States and political

aubdJVIBJona . .................. .

None

Other bonds, notea, and debentures..

64,600.00

Corporate atocks (including atoek of

Federal Reserve Bl'nk) .......... .

None

Loans and discount& (including over-

draft&) ........................ .

99,381.44

Bank premiaea owned, furniture and

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

1,194.17

Real estate owned other than bank

premisea....................... .

None

Investments and other aaaeta indi-

rectly repreaenting bank premiaes

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

None

Customers' liability to this bank on

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

None

- - - - - Other Aaaets......................

6,752.80

Total Assets.................. I 414,165.27

LIABILITIES Demand depoaita.................. I Time depoa1ts.................... . Depoaits of U.S. Government ..... .
D'JfvT!l~n~f. ~~~- ~~- ~_J~t.i~~~. ~~~
Depoaita of banka ................ . Other depoaita (certified and officers'
checks, etc.) ................... . Bills payable: .................... . Acceptance& executed by or for ac-
count of thia bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surplua ......................... . Undivided profit& ................. . Reserve& ........................ .

311,858.10 10,000.00 None 20,300.92 None None None
None 219.75 25,000.00 25,000.00 21,786.50
None

Total Liabilities.............. I 414,165.27

136

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

TENNILLE BANKING COMPANY Tennille, Ga.

As called for by the Superintendent of Banks

W. B. SMITH,

CHARLES V. SMITH,

President.

Cashier.

Date of Charter: 4-4-1900

Began Business: 4-1900

----====================================================

ASSETS Cash, balances with other banks, in-
cluding reserve balancea, and cash items in process of collection...... S United States Government obligations, direct and guaranteed...... Obliga~io."!' of States and political
SUbdiVISIODS....................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank)... . . . . . . . . Loans and discounts (including over-
drafts)......................... 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 ABSets......................

468,519.44 362,500.00
84,317.21 None None
1,028,205.91 35,320.80 None
None None 11,450.00

LIABILITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U.S. Government ..... .
D'Jl~~t~~f. ~~~tea. ~~d. ~-ol~t.i~~~. ~~~
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 ........................ .

745,541.39 606,252.17
1,940.00
292,335.50 None
413.06 None
None None 50,000.00 200,000.00 93,831.24 None

Total ABSets .................. $ 1,990,313.36

Total Liabilities............... $ 1,990,313.36

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF UPSON Thomaston, Ga.

As called for by the Superintendent of Banks

CHAS. M. PALSEY, JR., President.
Date of Charter: 6-23-1951

ROBERT P. CRAVEY, Cashier.
Began Business: 10-1-1951

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

449,310.93 1,353,588.85
99,487.04 None None
1,441,377. 39 40,627.25 None
75,000.00 None
1.308.98

Total Assets .................. S 3,460,700.44

LIABILITIES Demand deposits..................$ Time deposits.................... . Deposits of U. S. Government . . . . . .
D'd;ri!l~n~~ St~tes. ~~d. pol~t.i~al ~~b:
Depoits of banks ................ . Other deposits (certified and officers
checks, etc.) ................... . Bills payable..................... . Acceptances exeruted by or for ac-
count of this bank and outstand ing ........................... . Other liabilities ............. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

1,401,689.12 1,112,405.26
37,717.04
333,498.89 84,611.11
2,834.69 None
None 3'.,521.13 180,000.00 210,000.00 66,423.20
None

Total Liabilities ..

S 3,460, 700.44

FORTY-SECOND ANNUAL REPORT

137

STATEMENT Showing condition at the close of business December 31, 1961, of CITIZENS & SOUTHERN BANK OF THOMASTON, GEORGIA
Thomaston, Ga.

As called for by the Superintendent of Banks

C. B. JENKINS, JR., President.
Date of Charter: 1-18-1926

JACK B. HUTCHINSON, Cashier.
Began Business: 2-28-1930

ASSETS Caah, balances with other banks, in-
cludinjf reserve balances, and cash items 1n process of collection...... S United States Government obligatioruo, direct and guaranteed ..... . Obliga~io_n~ of States and political eubdtvl8tona . .................. . dther bonds, notes, and debentures.. Corporate stocks {including stock of Federal Reserve Bank) .......... . Loans and discounts {including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premiafos....................... . Investments and other assets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on
ott:".C~. ~~~~~~-~~::::::::::

1,592,1162.51 1,899,394.20
846,312.28 50,000.00 5,000.00
4,923,733.45 160,256.45 None
3,749.28 None
22,676.86

Total Assets..................$ 9,504,085.03

LIABILITIES S Demand deposits................. . Time depos1ts.................... . Deposits of U.S. Government..... . DeJ!OI!i~s of States and political sub-
divistona ...................... . 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 ........................ .

4,535,440.59 3,385,455.92
196,220.95
398,800.18 None
1,022.61 None
None 200,888.84 400,000.00 200,000.00 186,255.94
None

Total Liabilities.............. S 9,504,085.03

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF THOMAS COUNTY Thomasville, Ga.

As called for by the Superintendent of Banks

H. B. GURLEY, President.
Date of Charter: 2-3-1937

JOE J. KEYTON, Cashier.
Began Business: 2-15-1937

ASSETS Caah, balances with other banks, in-
cludinjf reserve balances, and cash items m proceSB of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political subdivlStons . .................. . Other bonds, notes, and debentures.. Corporate stocks {including stock of Federal Reserve Bank) .......... . Loans and discounts {including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estate owned other than bank premises....................... . Investments and other &BBets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1,404,181.52 3,551,317.08
699,396.94 None None
3,164,047.20 129,826.53 None
None None 73,597.71

Total Assets .................. $ 9 ,022 ,366 .98

Demand

deposits

.

.

LIABILITIES ...............

s

Time depos1ts.................... .

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

De~!l~n~f- ~~~- ~~~ ~~t-i~. ~~~

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

3,977,456.63 2,131,050.19
477,425.40
1,498.895. 29 112.444.13 51,838.87 None
None 135.804.53 180.000.00 400,000.00 35,666.77
21.785.17

Total Liabilities.............. S 9,022,366.98

138

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, 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-
cludinJ reserve balances, and cash items m process of collection...... I United States Government obligations, direct and guaranteed ..... .
Ob~~\~i!'101~:. -~~~~. ~~~- -~~-i~i~~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

1,441,453.49 4,275,227.07
614,601.36 None None
3,669,027.46 120,857.35 6,441.56
None None 75,834.05

Total Assets................. .1 10,203,442.34

LIABILITIES Demand deposits..................1 Time depos1ts.................... . Deposits of U.S. Government ..... .
Dr~~~~~ ~~~- ~~~- ~-oI~t-i~I- ~~~
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.................. .
~:r~~!::: :::::::::::::::::::::::
Undivided profits................. . Reserves........................ .

4,809,416.99 3,294,868.41
240,334.21 970,478.04
15,558.03 59,166.22
None
None 99,914.01 312,500.00 312,500.00 88,706.43
None

Total Liabilities.............. I 10,203,442.34

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF THOMSON Thomson, Ga.

As called for by the Superintendent of Banks

W. E. HUNT, President.

W. F. BECKUM, JR., Cashier.

Date of Charter: 7-30-1891

Began Business: 1891

==========================7==================--==--==--------

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection ... _.. I United States Government obligations, direct and guaranteed . .... . Obliga~io.n~ of States and political
8Ubd1V1810DS . ................
Other bonds, notes, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ..... _.......... ___ ... __ .
Bank premises owned, furniture and fixtures ................ - .. - - ... -
Real estate owned other than bank premises ....................... .
Investments and other assets indirectly representing bank premises or other reall'state ......... -... -
Customers' liability to this bank on acceptanoes outstanding ..... - ... .
Other Assets............. - ..... - - -

1,044,207.78 982,463.14 373,037.29 225,205.19 None
1,488.531.85 9,533.88 None
None None 3,600.00

LIABILITIES Demand deposits........... - .. - - . I Time depos1 ts . ................... . Deposits of U.S. Government ..... .
D'J:~!l~n~f. ~~~~~s. ~~-d. ~-l~t~~~- ~~~
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 .................. .
~:.!'~f:!-_._.:: :: ::::: :::: ::: :: ::: :::
Undivided profits................. . Reserves ........................ .

2 ,165,226. 93 1,231,167. 74
69,644.87 208,235.74
None
11,501.81 None
None 9,000.00 150,000.00 160,000.00 121,802.04
NonP.

Total Assets ...... __ .. _....... I 4,126,579.13

-S Total Liabilities.. - .... --- 4,126,579.13

-----------------F--O-R-T--Y---S-E-C-O--ND ANNUAL REPORT

-------- 139

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE BANK OF TIFTON Tifton, Ga.

As ealled for by the Superintendent of Banks

JOHN E. PARKERSON, President.
Date of Charter: 10-10-1891

L. W. GAULDING, Cashier.
Benn Business: 1896

ASSETS Cash, balances with other banks, in-
cluding reserve balancPa, and cash items in proceBB of collection...... S United States Government obligations, direct and guaranteed ..... . Obligat.io.n~ of States and political
SUbdtVISIODS ..........
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ................. . .. Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on aceeptances outstanding......... . Other ABBeta ..................... .

1,664,407. 25 3,062,298.05
539,793.79 240,130.82
None 4,425,054. 93
124,608.48 None
None None 28,154.06

Total ABBets .................. S 10,084,447.38

LIABILITIES Demand deposits................. S Time depostts.................... . Deposita of U. S. Government ..... .
D~l~n~f States. a~.d ~.l~t.i~~~. ~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
rount of this bank and outstanding ........................... . Other liabilities .................. . Capital .......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

4,247,431.49 2,903,982.01
72,005.22 860,918.54 769,642.16
36,143.79 None
None 238,913.65 300,000.00 400,000.00 124,639.03 130,771.49

Total Liabilities.............. S 10,084,447.38

STATEMENT

Showing condition at the elose of business December 31, 1961. of

THE CITIZENS BANK OF TIFTON Tifton, Ga.

As ealled for by the Superintendent of Banks

H. P. SANDERS, President.
Date of Charter: 2-24-1948

J. GRADY COLEMAN, Cashier.
Began Business: 4-15-1948

ASSETS Cash, balances with other banks, in-
cluding reserve balanr.es, and cash items in proceBB of collection ...... S United States Government obligations, direct and guarant..ed ..... . Obligat_io!l~ of Stat..s and political
8UbdJV1810D8 ........
Other bonds, notes, and d..bentur..s .. CorporBte stocks (including stock of
Federal Reserve Bank) .......... . Loans and discount& (including over-
drafts) ........................ Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investment& and other &88eta indi-
rectly representing bank premises or other real estate. . . . ........ . Customers' liability to this bank on &C'ceptanees outstanding......... . Other Asaeta..................... .

659,388.63 708,413.88 225,222.32 299,875.00
None 1,143,818.26
35,000.00 None
None None 116.67

Total Aaaeta .................. S 3,071,834. 76

LIABILITIES Demand deposita................. S Time depostta.................... . Deposita'of U.S. Government ..... .
~!l~n~~ s~~t~. ~~.~ ~.~l~t.i~l. ~~~
Deposita of banks ................ . Other deposits (certified and officers
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for at.~
count of this bank and outstanding ........................... . Other liabilities .................. .
~:;~:!.:::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,343,419.34 1,031.253.40
70,660.84 354,133.86
None
19,578.91 None
None None 100.000.00 100,000.00 12,788.41 40,000.00

s Total Liabilities.............. 3,071.834. 76

140

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the elose of business December 31, 1961, of

THE FARMERS BANK OF TIFTON Tifton, Ga.

As ealled for by the Superintendent of Banks

JOHN H. DAVIS, President.
Date of Charter: 12-21-1936

L.A. BRASWELL, Cashier.
Began Business: 2-24-1937

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 ..... . Ohligat_io_n~ of States and political subdtvtstons ................... . 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 estBtc owned other than bank premisE's..................... .. Investments and other assets indirectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

993,100.45 1,513,392.20
488,444.26 639,425.51
None 1,726,749.51
157,173.58 1,951.13
None None 48,863.91

Total Assets.................. $ 5,569,100.55

LIABILITIES Demand deposits..................$ Time deposits.................... . Deposits of U.S. Government ..... .
DT;~T!l~n~f. ~~~t~s. ~~~. ~.o.l~t.i~~~. ~~~
Deposits of hanks ................ . Other deposits (certified and officers
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing ........................... . Other liabilities .................. .
~!pit~!.:::::::::::::::::::::::::
un'Yivided profits................. . Reserves........................ .

2,296,542.94 1,600,036.26
127,736.91 753,071.03
5,065.56 85,901.88
None
None 95,975.19 160,000.00 305,000.00 139,770.78
None

Total Liabilities.............. S 5,569,100.55

STATEMENT

Showing eondition at the dose of business December 31, 1961, of

THE BANK OF TIGNALL Tignall, Ga.

As ealled for by the Superintendent of Banks

L. D. WARE.
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...... S United States Government obligations, direct and guaranteed ..... .
o~~r.N~i:.iono:..~t~~~. ~n~.. ~~.i~~cal
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ............... .. Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises.............. Investments and other &8Sets indi-
rectlv representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Assets .................. S

121,503.27 392,652.75
None None None 22,689.50 1.00 None
None None None 536,846.52

LIABILITIES Demand deposita................. S Time depos1ts.................... . Deposits of U. S. Government ..... .
D1i~T!l~n~f ~~~t~s. a~~. ~.~~~~.i~~~. ~u~
Deposits of hanks ................ . Other deposits (certified and officers
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing........................... . Other liabilities .................. .
~!pi:~!.... :: : : : : : :: : : : : : : : : : : : : : : :
un'.Iivided profits................. . Reserves ........................ .

412,977.35 None
725.00 66,105.50
None None None
None 2,000.00 25,000.00 15,000.00 15,038.67
None

Total Liabilities.............. S 536,846.52

FORTY-SECOND ANNUAL REPORT

141

STATEMENT
Showing condition at the close of business December 31, 1961, of THE BANK OF TOCCOA Toecoa, Ga.

As called for by the Superintendent of Banks

WM. C. CLARY, JR., President.
Date of Charter: 8-10-1911

J. NOLAN SPEAR, Cashier.
Began Business: 9-1-1911

ASSETS Cash, balances with other banks, in-
cludinj! reserve balances, and cash items 1n process of collection......I United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political subchvtstons . .................. . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estate owned other than bank premise-a ....................... . Investments and other assets indi rectly representing bank premise or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .

2,006,950.92 1,073,087. 78
148,460.73 25,000.00
None 2 ,538, 784.14
68,923.06 None
None None 2,694.25

Total Assets ..................I 5 ,863, 900. 88

LIABILITIES Demand deposits................. .1 Time deposits.................... : Deposits of U.S. Government ..... .
D'Jl~?!1!n~f. ~~~~- ~~~- ~~~t~~l. ~~~:
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 ................. ..
~:r~f:.::::::::::::::::::::::: ::
Undivided profits................. . Reserves ........................ .

2,271,689. 83 1,703,445.40
80,442.27 683,122.52 728,484.04
18,139.35 None
None 67,145.61 100,000.00 175,000.00 56,431.86
None

Total Liabilities.............. 1 5,863,900.88

STATEMENT

Showing condition at the close of business December 31, 1961, 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

WILLARD KIMSEY, Cashier.
Began Business: 3-16-1951

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

1,430,021.30 1,633,176.07
298,983.48 300,000.00
Nonr 1,677,294.18
15,515.12 None
None None 13,550.73

Total Assets..................1 5,368,520.88

LIABILITIES Demand deposits................. 1 Time deposits.................... . Deposits of U.S. Government ..... .
D~~!!n~f. ~~~~~s. ~n~. ~.o..~t~~~l. ~~~
Deposits of banks ................ . Other deposits (certified and officers
checks, eto.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstand ing ........................... . Other liabilities .................. . Capital. ........................ . Surplus ........................ . Undivided profits ................. . Reserves ........................ .

3,078,014.31 1,184,525.51
113,236.56 588,573.78
None 41,235.43
Non<'
NonP None 125,000.00 125,000.00 42,935.29 70,000.00

Total Liabilities.......... -- $ 5,368,520.88

142

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of
BANK OF DADE Trenton, Ga.

As called for by the Superintendent of Banks

GEO. H. HARRISON, President.
Date of Charter: 7-5-1955

R. M. MORRISON,
Cashier. B~gan Business: 1-12-1956

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obligat_io~~ of States and political subt.hvtstons ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal 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 rPal estate . . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding......... . Other Assets..................... .
Total Aasets.................. $

236,906.10 474,831.36
None 25,000.00
None 674,945.91
9,162.08 None
None None None 1,420,845 .45

LIABILITIES Demand deposits.................. $ Time depostls.................... . Deposits of U.S. Government ..... . DeJ!O~i!s of States and political sub-
divtstons ...................... . 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.................. .
~:~t:!.:::: ::::: ::: :::: :::: :: :: :
Undivided profits................. . Reserves ........................ .

590,475.92 508,075.60
25,078.07 161,275.91
None 17,976.85
None
None 25,787.92 50,000.00 35,000.00 7,175.18
None

Total Liabilities.............. $ 1,420,845.45

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF TUCKER Tucker, Ga.

As called for by the Superintendent of Banks

REID H. COFER, President.
Date of Charter: 10-29-1919

THELMA J. PAYTON, Ass't Cashier.
Began Business: 12-1919

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of rollection ...... I 695,598.48

United States Government obliga-

tions, direct and guaranteed ..... . 1,297,244.45

Obligat.io_n~ of States and political

BUbdtVISIOnS ................... .

None

Other bonds, notes, and debentures..

None

Corporate storks (including stock of

Federal Heserve Bank) .......... .

None

Loans and discounts (including over-

drafts) ........................ .

658,955.47

Bank premises O\\ned, furniture and

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

15,925.69

Real estate owned other than bank

premisE"s....................... .

None

Investments and other assets indi-

rectly representing bank premises

or other rPal estate. . . . . . . . . . . . . .

None

Customers' liability to this bank on

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

None

- - - - - Other Assets. . . . . . . . . . . . . . . . . . . . . .

11 ,082 . 93

Total Assets ..... .

. . . . . . . 2,678,807.02

LIABILITIES Demand deposits.................. $ Time depostls.................... Deposits of U. S. Government . . . . . .
D'Jl~i!l~n'!~ ~~~~~- ~~~- .".".lit.i~~l ~~~
Deposits of banks................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Othpr liabilities .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .
Total Liabilities...............$

- - - - - - - - - - - - - - - - - - - - ' - - - - - - - -

1,610, 181.77 564,894.37 96,607.86 57,800.00 None 16,715.35 None None 10,698.54 100,000.00 125,000.00 3,000.00 93,909.13
2,678,807.02

FORTY-SECOND ANNUAL REPORT

143

STATEMENT Showinsr condition at the close of business December 31, 1961, 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

J. THOMAS DURDEN, Cashier.
Began Business: '1-5-1935

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of collection...... I United States Government obligations, direct and guaranteed ..... . Obligat,io.n~ of States and political
BUbdlV1810DS ...... , , .....
Other bonds, notes, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts)......... . . . . . . . . . . . . . . . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
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 .................. I

256,513.13 731,270.31
10,251.74 50,056.25
None 603,964.70
20.731.94 None
None Non<' None 1,672,788.07

LIABILITIES Demand deposits.................. I Time deposits.................... . DE'posits of U. S. Government ..... .
D';flri!~~,';f S~~tes. ~~~. ~~lit~c~I. ~~b~
DE'posits of banks ................ . Other dcpos<ts (certified and officers'
checks, etc.) ................... . Bills payable..................... . AcceptancE'S executed by or for ac-
count of this bank and outstanding ........................... .
Other liabiliti<'s .................. . Capital. ......................... . Surplus ......................... . Undivided profits................. . Reserves ........................ .

784,785.13 514,157.27
16,351.15
163,419.01 23,827.92
2,156.07 None
None 3,000.00 25,000.00 50,000.00 65,091.52 25,000.00

Total Liabilities............. I 1 ,672, 788.07

STATEMENT Showing condition at the close of business December 31, 1961, of

EXCHANGE BANK OF UNADILLA Unadilla, Ga.

As called for by the Superintendent of Banks

T. E. WOODRUFF, 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 cas.. items in process of collection...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io.n~ of States and political
SUbd.lVISlODS .................
Other bonds, not<'s, and debentures .. Corporate stocks (induding stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts)....... . . . . . . . . ... . Bank premises owned, furniture and
fixtures......... . . . . . ........ . Real estate owned other than bank
premises..................... .
Investments and other assets indi reedy representing bank premises or other rf'al estate. . . . . . . . . .
Customers liability to this bank on acceptances outstanding.
Other Assets..... .

Total Assets ...



501,142.511 228,000.00
None 100,000.00
Non" 636,814.46
6,605.00 None
Sone None None 1.472,562.05

LIABILITIE~
Demand deposits.. . . . . . . . . . . . . . . . I Time deposits.................... . Deposits of U. S. Government . . . . . .
D';R~\'!~~n~f. St~tes a~~- po.lit_i~~~. ~ub~
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 liabiliti"s ..... . Capital. ............ . Surplus ............ . Undh iued profits.... . Reserved ..

817,457.62 360,927.90
8,616.19
116,777.05 None
11,488.55 None
None None 50.000.00 50,000.00 50,000.00 7,294.74

Total Liabilities .

. . . . . 1 ,472,562.05

144

DEPARTMENT OF BANKING

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF UNION POINT Union Point, Ga.

As cal:ed for by the Superintendent of Banks

RALPH L. RHODES, President.
Date of Charter: 5-15-1911

HENRY L. ASBURY, Cashier.
Began Business: 5-1911

ASSETS Cash, balancPs with other banks, in-
cluding reserve balances, and cash items in proce88 of collection ...... $ United States Government obligations, direct and guaranteed ..... . Obliga~io,n~ of States and political
SUbdJVIBIODS .
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures....................... .. Real estate o1n1ed 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..................... .

387,183.57 251,575.73 149,732.56 120,093.75
None 492,695.72
9,849.90 1.00
None None None

Total A88ets ..................$ 1,411,132.23

LIABILITIES Demand deposits.................. $ Time deposts.................... . Deposits of U.S. Government..... .
D':JfvT!1!n~~ ~~~~~s. ~~~- ~-l~t.i~l. ~~~
Deposits of banks ................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . AcceptancPs exe~uted by or for ac-
count of this bank and outstanding........................... .
::::::::::::::::::::::::: Other liabilitiPs.................. .
~:::::~!.
Undivided profits................,.. Reserves ........................ .

447,497.20 645,191.65
37,227.63 112,329.76
None 2,246.06
None
None None 50,000.00 75,000.00 41,639.93 None

Total Liabilities.............. $ 1,411,132.23

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE FARMERS BANK Union Point, Ga.

As called for by the Superintendent of Banks

JOHN B. STEWART, President.
Date of Charter: 9-6-1911

REUBEN H. FLYNT, Cashier.
Began Business: 9-6-1911

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proce88 of collection...... $ United States Government obligations, direct and guaranteed ...... Obliga~io,n~ of States and political aubdivasJona ................... Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ........................ . Real estate owned other than bank premises....................... Investments and other assets indi-
:"!~).;'::f:~':. ~- ~~~~
Customers' liability to thia bank on acceptances outstanding......... .
Other Assets..................... .

411,387.82 712,612.38
45,124.65 289,582.83
None 1,154,259. 92
49,758.79 None
None None 1,488.78

Total Assets................ ,.$ 2,664,215.17

LIABILITIES Demand deposits..................$ Time depos>ts.................... . Deposita of U.S. Government..... .
D':lfvT!1!n~f. ~~~~':". ~~~- ~-~~~~- ~~~
Deposits of banks ................ . Other deposita (certified and officers'
checks, etc.) .................. .. Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities ................. , .
~api::!. ::: :: :: ::: :: :: : ::: :: :: : : :
u'::.Yivided profits................. . Reserves........................ .

589,547.87 1,668,497.33
31,700.30 160,833.53
None 5,239.30
None
None None 50,000.00 130,000.00 28,396.84 None

Total Liabilities.............. $ 2,664,215.17

FORTY-SECOND ~NNU~L REPORT

145

STATEMENT

Showing condition at the elose of business December 31, 1961, of

FIRST STATE BANK Valdosta, Ga.

As called for by the Superintendent of Banks

REA STEELE, President.
Date of Charter: 1-22-1906

MELVIN PLAIR, Cashier.
Began Business: 3-1906

ASSETS Cash, balances with other banks, in-
cludinf!: reserve balances, and cash items 10 process of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~~ of States and political aubdiV18tona ............ Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures........................ . Real estate owned other than bank premises....................... . Investments and other aaaeta indi-
:"!~\e~er::r:~:~~:. ~~~- -~r~~~~
Customers' liability to this bank on aciceptancea outstanding......... .
Other .Aaaeta..................... .

1, 840.692.05 829,404.88 298,179.88 359,783.75 None
1,694,989.13 64,702.54 None
None None None

Total Aaaeta .................. S 5,087,752.23

LIABILITIES Demand deposita.................. S Time deposita.................... . Deposita of U.S. Government..... . De~i!a of States and political aub-
rliviaaone ...................... Deposita of banks................ . Other deposita (certified and ollicera'
checks, ete.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. . Capital. ......................... . Surplus......................... . Undivided profits................. . Reserves........................ .

2,567,058.62 950,075.85 145,732.15
1,006, 736.97 44,925.03 33,613.50 None
None 12,000.00 150,000.00 150,000.00 27,610.00
None

Total Liabilities..............s 5 ,087,752 .23

STATEMENT

Showing condition at the elose of business December 31, 1961, of

DARBY BANKING COMPANY Vidalia, Ga.

As called for by the Superintendent of Banks

J. F. DARBY, JR., President.
Date of Charter: 6-22-1934

D. L. GORDON, JR. Cashier.
Began Business: 7-1-1934

ASSETS Cash, balances with other banks, in-
cludinf!: reserve balances, and cash items 10 proceae of collection...... S United States Government obligations, direct and guaranteed ..... . Obliga~i~n~ of States and political
BUb<fiV18JOIUI ,
Other bonds, noteA, and debentures .. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures........................ . Real estate owned other than bank
premises....................... . Investments and other aaaeta indi-
rectly representing bank premises or other real estate............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

598,224.72 451,550.27 229,616.53 595,000.00
None 843,079.44
19,212.73 None
None None None

Total Assets .................. S 2, 736,683 .69

LIABILITIES Demand deposita.................. S Time depoa1ta .................... . Deposita of U.S. Government ....
De,Cl:n~. ~~~- ~~- ~~~t~~- ~~
Deposita of banks................ . Other deposita (certified and officers'
checks, ete.) ................... . Billa payable.................... .. Acceptanrea executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. .
~::~-:::::::: :::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,467,192.31 421,941.66 63,585.53 304,354.09 220,404.67 13,201.54 None
None 17,043.43 100,000.00 100,000.00 28,960.46
None

Total Liabilities.............. S 2,736,683.69

~14~6~--------------~D~E~PA==RTM~_~T_QY BANKI.~N~G~----------------

STATEMENT

Showing eondition at the elose of business December 31, 1961, of

VIDALIA BANKING COMPANY Vidalia, Ga.

As ealled for by the Superintendent of Banks

C. M. JORDAN, President.
Date of Charter: 10-22-1938

P. W. TIPPETT, Cashier.
Benn Business: 10-28-1938

ASSETS Cash, balances with other banks, in-
cludin!l reserve balances, and caab items m proceaa of collection...... $ United States Government obl.iptiooa, direct and cuaranteed ..... . Obliga~i~"! of States and political aubdiVJB1ooa ................... . Other bonds, notes, and debentures.. Cogorate stoeka (includiq stock of Federal Reserve Bank) .......... . Loans and discounts (includiq overdrafts) ........................ . Bank premises owned, furniture and futturea........................ . Real estate owned other than bank premiaee....................... . Investments and other aaaeta indirectly repreeentiq bank premises or ot'ber iea1 estate . . . . . . . . . . . . .. Cuatomen.' liability to this bank on acceptances outatandilll!....... : .. Otber Assets.....................

1,319,001.1\.S 498,513.50 520,926.09 49,609.38 None
1,982,375.91 100,142.72 None
None None 988.40

Total.Aaaeta................. $ 4,471,557.65

LIABILITIES Demand deposita.................. $ Time depos1ta.................... .
nec:.:f. Deposita of U. S. Government ..... . ~~~. ~~. ~~t~~l. ~~~
8:C:l::!a~:t.:."riifi..d ed (,ffi;,en;. checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities .................. . Capital......................... Surplus......................... . Undivided profits................. . Reserves........................ .

2,865,015.23 635,802.60 78,062.13
413,253.22 59,702.13
15,514.00 None
None 56,667.71 100,000.00 200,000.00 22,540.63 25,000.00

Total Liabilities.............. $ 4 ,471, 557 .M

STATEMENT

Showing condition at the elose of business December 31, 1961, of

CITIZENS BANK Vienna, Ga.

As ealled for by the Superintendent of Banks

W. G. WILLIAMSON, President.
Date of Charter: 6-24-1931

W. G. WILLIAMSON, Cashier.
Began Business: 7-1-1931

ASSETS Cash, balances with other banks, in-
cludinjl reserve balances, and cash items 1n proceaa of collection. . . . . . S United States Government obligatiooa, direct and guaranteed ..... .
o~~:o:1..~~~. ~~..~~i~~
Other bonds, notes, and debentures.. Corporate stocks (includiq stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premiaee owned, furniture and
fi"tures........................ . Real estate owned other than bank
premiaee.......... Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Cuatomera' liability to this bank on acceptances outstanding......... . Other Aaaeta..................... .

387,491.13 462,832.79
62,000.00 250,000 00
~one
!115,602.27 22,663 13 Sone
Sune XonP 1.6.53.34

Total Aaaeta ................. S 2. 102.242 66

LIABILITIES Demand deposita................. S Time depoa1ts.................... . Pepoaita of U. S. Government . . . . . . De~! of States and political aub-
diviaaona ...................... . DejiOBita of banks ............... .. Other deposita (certified and oflieera'
cheeks, etc.) ................... Billa payable..................... . Acceptances e"eeuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. . Capital. ........................ Surplus ......................... . Undivided profits................. . Reserves ........................ .

I. 2.52. 326. 32 240,331.17 26,015.78
328,748.12 None
7.422.41 NonE"
None
r,o,ooNoo.onoe
100,000.00 97.398 86
Non('

Total Liabilities...... .

s 2.102.242 66

- - - -F-ORTY-SECOND ANNUAL REPORT

147

STATEMENT

Showing condition at the dose of business December 31, 1961, of

BANK OF VILLA RICA Villa Rica, Ga.

As called for by the Superintendent of Banks

J. G. KNIGHT, JR. President.
Date of Charter: 5-4-1899

R. R. RICHARDSON, Cashier.
Began Business: 5-1899

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash
items in process of collection...... I United States Uovernment obliga-
tions, direct and guarantte<.l. . . . . Obligations of Stales and political
subdivisions ................... . Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Hcscrvc Bnnk) .......... .
Loans anJ discounts (including overdrafts) ........................ .
Bank premises owned, furniture and
fixtures........................ Real estate owned other than bank
premises....................... .
Investments u.nci other assets indirectly representing bank premises
or other real estate ............ . Customers' liability to this bank on
acccptan~cs outstanding ......... . Other Assets..................... .

547,398.98 1.139.932.81
72,789.53 None None
5&3,430.21 23,000.00 None
None None 2,728.63

Total Assets ................. -1 2,369,280.16

LIABILITIES I Demand deposits................. . Time deposits.. . . . . . . . . ......... . Deposits' f {!. S. Government ..... . Deposits of States and political sub-
divisions ...................... . Depuils of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable ..................... .
Accr-ptanccs executed by or for account of this bank and outstanding ........................... .
Othe1 liabilities .................. . Capital. ......................... . Surplus ........................ . l'ndivided profits................. . ltcservcs ........................ .

1,402,546.48 415,395.69 52,201.94 181.601.01 None 5,576.68 None
None 15,486.00 50,000.00 100,000.00 96,472.36 50,000.00

Total Liabilities.............. I 2,369,280.16

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF WADLEY Wadley, Ga.

As called for by the Superintendent of Banks

S. P. CHAPMAN, JR., President.
Date of Charter: 1-29-1902

P. G. EDENFIELD, JR., Cashier.
Began Business: 1-1902

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash iterns in process of rollcction...... I United Statf'S Government obligations, direct and guaranteed ..... . Obligntions of States and political subdivisions ................... . Other bonds, notes, and debenturl'S .. Corporate storks (including stock of Feder:tl Hrscrve Dank) .......... . Loans and discounts (including over drafts) ........................ . Bank prcmis<'s owned. furniture and fixtures........................ . Real estate owned other than bank premises...................... Investments and other assets indirectly r~pr~scnting bank premises or other r('al estate ............. . Customers' liability to this bank on acc(ptn.nees outstanding......... . Other Assets ..................... .
Total Assets.................. I

359,064.52 490,937.75 140,260.22 166,538.00
None 540,493.30
5,426.00 None
None None 3,231.90 1,705,951.69

LIABILITIES D~mand deposits .................. I T1mc dcpos1ts .................... . Ucposits of U.S. Government ..... . Dcr~~i!s uf States and political sub-
(.hvsons ...................... .
D<r>oits of banks . . . . . . . . . . . . . . . . . Other deposits (certified and officers'
checks, etc.) ................... . Bills paya hie: .................... . Acceptances executed by or for ac-
count of this bank and outatanding ........................... . Other liabilities .................. . Capital. .................. . Surplus .................. . Untlivioled profits ......... . lt<'servcs ........................ .

718,952.18 590,750.90
32,210.77 111,406.88
None 94,052.84
None
None 18,717.93 50,000.00 30,000.00 59,860.19
None

Total Liabilities.............. 1 1,705,951.69

148

DEPARTMENT OF BANKI=N.:.:G::__ _ _ _ _ _ _ __

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE BANK OF WARNER ROBIN~ Warner Robins, Ga.

As called for by the Superintendent of Banks

CHARLES L. WILLIAMS, SR., President.
Date of Charter: 4-25-1956

H. LEE MILLER, Cashier.
Began Business: 1-4-1957

ASSETS Cash, balanc~s with other banks, in-
cluding reserve balances, and cash items in process of collection ...... S United States Government obligations, direct and guaranteed. . . . . . Ohligat.i~n~ of States and political
SUbdiVISIOns....................
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank).. . . . . . . . . . Loans and discounts (including over-
drafts)......................... B11.nk premises owned, furniture and
nxtures......................... Real estate owned other than bank
premises........................ Investments and other BSSt>ts indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on aeceptanres outstanding.. . . . . . . . . Other Assets. . . . . . . . . . . . . . . . . . . . . .

739,557.35 1,723 ,507. 09
75,743.19 None None
1,410,373.08 43,742.31 None
None None None

Total Assets.................. S 3,992,923.02

LIABILITIES Demand deposits.................. $ Time depos1ts.................... . Deposits of U.S. Government ..... . Deposits of States and political sub-
divisions ...................... . Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable..................... .. Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Sur!>lus ......................... . Undivided profits................. . Reserves ........................ .

1, 998,930.38 675. 7ff1. 77 20,389.78 940.680.57 None 117.00 None
None 74,835.29 133,400.00 25,000.00 123,782.23
None

Total Liabilities............. S 3,992,923.02

STATEMENT Showing condition at the dose of business December 31, 1961, of

CITIZENS STATE BANK Warner Robins, Ga.

As called for by the Superintendent of Banks

H. P. FLEMING, President.
Date of Charter: 12-13-1950

J. W. CREAMER, Cashier.
Began Business: 1-2-1951

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~io.n~ of States and political
SUbdlVlSlODS ...................
Other bonds, notes, and debentures .. Corporate stocks (inclutling stock of
Fe<leral Reserve Bank). . . . . . . . . . Loans and discounts (including over-
drafts) ........................ . Bank premises owned, rurniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acce)>ta.ncrs outstanding ......... . Other As.ets ..................... .

1 ,121,469.66 522,330.74 460,811.03 380,000.00 None
2,556,251.22 57,017.31 None
None None 8,079.30

Total Assets .................. S 5,105,959.26

LIABILITIES Demand deposits.................. S Time depos1ts .................... . Deposits of lJ. S. Government ..... .
D'Jl~i~~~n~f St~tes_ a~~- polili~ai ~~~~
DeposiIs uf hanks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable ..................... . Acceptanrcs c"Cccuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital. ......................... . Surl>lus ......................... . Undivided profits................. . Rf'scrves ........................ .

2,615,179.42 1,274,688.83
48,586.53 563,727.37
None 1,094.34
None
None 244,623.29 100,000.00 100,000.00 158,059.48
None

Total Liabilities. . . . . . . . . . . . . . S 5, 105,959. 26

-----------------F-O-R-T-Y---SE-C-O--N-D-A--N-N-U-A-L--R-E-P-O-R-T---------------149 STATEMENT

Showing condition at the close of business December 31, 1961, 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, balancee with other banks, in-
clu~ reserve balancee, and caeh itema 1n proceaa of collection ...... I United States Government obligations, direct and IIWU"anteed ..... . Obliga~i~ of States and political aubdiVlBtona . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Coroorate stocks (including atock of F"ederal Reserve Bank) . . . . . . . . . . . Loans and discounts (including overdrafts) ........................ . Bank premiaea owned, furniture and fixtures........................ . Real estate owned other than bank premiaea....................... . Investments and other asaeta indi-
:"~~errefea"f.!:!':. ~- ~~~
Customers' liability to thia bank on acceptancee outstanding......... .
Other Aaaeta..................... .

387,503.15 861,730.78 390,840.36
3,900.00 None
1,470,044. 90 32,531.34 None
None None None

Total Aaaeta .................. 1 3,146,550.53

LIABILITIES Demand deJIOIIita.................I Time depoetta.................... . Depoeita of U.S. Govemment..... . De~i~s ofStatca and political aub-
divietona ...................... . Deposita of banka................ . Other deposita (certified and officers'
checks, etc.) .................. .. Billa payable ..................... . Acceptancee ezeeuted by or for ac-
count of thia bank and outstanding........................... . Other liabilities.................. .
~;f:!.::::: ::::::::::::::::::::
Undivided profits................. . Reaervea . . . . . . . . . . . . . . . . . . . . . . . .

1,215,770.55 1,060,809.42
26,401.02 449,720.97
10,000.00 6,087.60
None
None 2,716.87 100,000.00 100,000.00 155,462.81 19,581.29

Total Liabilities.............. I 3,146,550.53

STATEMENT Showing condition at the close of business December 31, 1961, of

FARMERS AND MERCHANTS BANK Washington, Ga.

As called for by the Superintendent of Banks

H. G. GARRARD, President.
Date of Charter: 8-10-1949

ROBERT M. DRINKARD, Cashier.
Began Business! 3-14-1950

ASSETS

Cash, balancee with other banka, inclu~ reserve balancee, and caah itema tn proceaa of collection. . . . . . I

401,315.67

United States Govemment obliga-
.. . tions, direct and guaranteed ..... .
m:,~~~0:.f ~~.~. ~~~- ~~i~~":":'

687,555.24 10,387.33

Other bonds, notes, and debentures..

50,000.00

Corporate atocka (including atock of Federal Reserve Bank) .......... .
Loans and diacounta (including over-
draft&) ........................ .

Non" 790,044.79

Bank premiaea owned, furniture and fiztures....................... ..

46,054.57

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

None

Investments and other asaeta indi-

rectly representing bank premiaea or other real estate............. .

None

Customers' liability to thia bank on acceptaDcee outstanding.........

None

Other Aaaeta ...................... _ _ _1_,53_1._7_2

Total Aaaeta. . . . . . . . . . . . . . . . . I 1,986, 889. 32

LIABILITIES Demand deJIOIIita..................I Time depoetta.................... . Depoeita of U.S. Govemment ..... . De~i! of States and political aub-
divisaons ...................... . Depoeita of banks ................ . Other depoeita (certified and officers'
cheeks, etc.) ................... . Billa payable..................... Acceptances executed by or for ac-
count of thia bank and outstanding........................... . Other liabilities.................. . Capital......................... .. Surplua ......................... Undivided profits................. . Reaervea ....................... ..

601,845.94 1,110,327.62
7,071.20 69,206.97
7,615.78 6,626.97
None
None 5,475.16 100,000.00 30,500.00 41,719.68 6,500.00

Total Liabilities...............I 1,986,889.32

150

DEPARTMENT OF BANKING

STATEMENT Showing eondition at the dose of business December 31, 1961, of

WASHINGTON LOAN AND BANKING COMPANY Washington, Ga.

As ealled 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-
cludi~ reserve balances, and cash items m proceBS of collection...... $ United States Government obligations, direct and guaranteed ..... . Ob)iga~io_D!I of States and political aulK:livlSIOna . . . . . . . . . . . . . . . . . . . . Other bonds, notes, and debentures.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and mtures........................ . 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 Aesets..................... .

1,123,216.22 1,747,750.27
371,572.15 None None
2,968,462.98 60,000.00 None
None None None

Total Aesets ..................$ 6,271,001.62

LIABILITIES Demand deJlosits..................$ Time depoe1ts................... Deposits of U.S. Government ..... . DeJIOI!i!s of States and political sub-
divisions ...................... . Deposita of banks ................ Other deposita (certified and officers'
checks, etc.) ................... Bills payable.................... Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
?pi~::::::::::::::::::::::::::
u':.Rvided profits................. . Reserves ........................

2,531 ,227.67 2,107 ,802. 75
157,997.35 780,471.89 106,373.66
17,787.60 None
None 49,282.17 145,000.00 235,000.00 140,058.53
None

Total Liabilities.............. $ 6,271,001.62

STATEMENT Showing condition at the close of business December 31, 1961, of

OCONEE STATE BANK Watkinsville, Ga.

As called for by the Superintendent of Banks

C. G. HARDIGREE, SR., President.
Date of Charter: 6-5-1959

G. E. BORDEN, Cashier.
Began Business: 2-1-1960

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in proceBS of collection ......$ United States Government obligations, direct and guaranteed . .... . Ohligat_io.n~ of States and political subdtvtstona . .................. . Other bonds, notes, and debentur~a.. Corporate stocks (including stock of Federal Reserve Bank) .......... . Loans and discounts (including overdrafts) ........................ . Bank premises owned, furniture and fixtures ............... Real estate owned other than bank premises................. ... Investments and other assets indirertlv representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding....... . Other Aaaets.......... .
Total A88ets ................. $

389,237.82 291,675.27
37,839.66 None None
400,256.87 5,181 .57 None
~one
None 1,083.22 1,125,274.41

LIABILITIES Demand deposits..................$ Time depos1ts.................... . Deposits of U. S. Government . . . . . .
D~!!~n~f ~~~tea_ a~~- ~o.I~t.ic~l. ~u~
Deposits of banka ................ . Other deposits (certified and officers'
rhecks, etc.) ................... . Bills payable. . . . . . . . . . . . . . . . . . . . . Arceptances executed by or for ac-
count of this bank and outstandiAg ................... . ... Other liabilities .................. . Capital. ......................... . !'turplus ......................... . Undivided profits................. . Reserves... . .................. .

611,487.64 296,926.23
9,391.97 87,130.75
None 115.75
None
None 103,86 75,000.00 15,000.00 20,118.21 10,000.00

Total Liabilitica.............. $ 1,125,274.41

FORTY-SECOND ANNUAL REPORT

151

STATEMENT Showing condition at the elose of business December 31, 1961, of

COMMERCIAL BANK Waycross, Ga.

As ealled for by the Superintendent of Banks

J. M. NORMAN,
President. Date of (]Barter: 10-15-1918

P. E. PENN,
Cashier. Began Business: 10-30-1918

ASSETS

Cash, balances with other banks, in-

cludinp: reserve balances, and caah

items m proeeaa of collection. . . . . $ 2,205,329.61

United States Government oblip-

tiona, direct and guaranteed ..... . 3,365,767.29

o~~?::on~f. -~t~~. ~~- .~~i~~~~ 294,563.26

Other honda, notes, and debentures..

46,000.00

Corporate atocka (including stock of

Federal Reserve Bank) .......... . Loana and diacounta (including over-

None

drafts) ........................ . 1,228,407.97 Bank premises owned, furniture and

fi"turea........................ .

31,574.84

Real estate owned other than bank

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

None

Inveatmenta and other aaaeta indi-

~t\e~e:_r.,:~~- ~- -~r~~i-~

None

Customers' liability to this bank on

acceptances outstanding.........

None

- - - - - Other Aaaeta........ , ...........

None

Total.Aaaeta................... 7,171,642.97

LIABILITIES Demand deposita ...............$ Time deposita.................... . Deposita of U. S. Government ..... De~!& of States and political aub-
divietona ...................... . Dej)OIIita of banks . . . . . . . . . . . . . . . . . Other deposita (certified and officers'
checks, etc.) .................. .. Billa payable..................... . Acceptances e"ecuted by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. . Capital......................... .. Surplus......................... . Undivided profits................. . Reserves ........................

4,245,080.17 1,401,375.43
164,851.58 467,549.82
50,000.00 53,234.67
None
None 97,813.83 100,000.00 200,000.00 125,190.79 266,546.68

Total Liabilities...............$ 7,171,642. 97

STATEMENT

Showing condition at the elose of business December 31, 1961, of

SOUTHERN BANK Waycross, Ga.

As ealled for by the Superintendent of Banks

RALPH HERRIN, President.
Date of Charter: 5-22-1956

JOE B. TAYLOR, Cashier.
Began Business: 6-11-1956

ASSETS Cash, balances wit\! other banks, in-
cluding reserve balances, and cash items in process of collection ...... $ United States Government obligation&, direct and guaranteed ..... . Obljga~io,11~ of States and political
8UbdlV1810DB . ...............
Other bonds, notes, and debentures.. Corporat.e stocks (including stock of
Federal Reserve Bank) .......... . Loana and discounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premises....................... . Investments and other assets indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding. . . . . . . . . . Other Assets.. . . . . . . . . . . . . . . . . . . .

908,984.82 1,516,987.04
205,228.47 None None
1,362,009. 94 36,584.30 None
~one
None 5 ,399. 75

Total Assets .................. $ 4,035,194. 32

LIABILITIES Demand deposita ..................$ Time depos1ts.................... . Deposits of U. S. Government . . . . . .
D'Jl~!!~n~f S~~~es. ~~-d. ~-~l~t~~~- ~~~
Deposits of banks ................ . Otlil'r 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 ........................ .

1,865,549.25 1,291,138.32
103,261.97 242,340.23 35,245.64
11,130.77 None
None 9(),106.19 175,000.00 75,000.00 23,268.09 123,153.86

Total Liabilities...............$ 4,035,194.32

152

DEPARTMENT OF BANKING

STATEMENT Showing condition at the close of business December 31, 1961, of

BANK OF WAYNESBORO Wa711esboro, 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 Caah, balances with other banks, in-
cludinjl reserve balances, and cash items 1n process of collection...... S United States Government obligations, direct and guaranteed . . . . . .
0~!t:N~T01~:..~~~. ~~..~~~~c_a_t
Other bonds, notes, and debentures.. CoJ]IOrate stocks (including stock of
Federal Reserve Bank)........... Loans and discounts (including over-
drafts) ... . . . . . . . . . . . . . . . . . . . . . . Bank premises owned, furniture and
fu<turea......................... Real estate owned other than bank
premises........................ Investments and other 11811eta indi-
rectly representing bank premises or other real estate. . . . . . . . . . . . . . Customers' liability to this bank on acceptances outstanding.......... Other Aaaeta......................

733,318.87 1 ,302, 134 .32
451,268.96 None
9,1100.00 2,569,737 .46
46,937.50 None
12 ,492. 96 None
15,733.39

s TotaiAaaeta .................. 5,141,523.46

LIABILITIES Demand deposita.................S Time depce1ts.................... . Deposits of U.S. Government..... . DeJ!"!i~s of States and political aub-
divl8lons ...................... . Depceita of banks ................ . Other depceita (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding........................... . Other liabilities.................. . Capital. ......................... Surplus ......................... . Undivided profits................. . Reserves .......................

1,820,270.68 2,133,063.27
104,118.67 511,694.38
76,271.91 14,193.80
None
None 102,887.01 150,000.00 180,000.00 49,023.74
None

Total Liabilities...............$ 5,141,523.46

STATEMENT Showing condition at the close of business December 31, 1961, of

THE PEOPLES BANK Willacoochee, Ga.

As called for by the Superintendent of Banks

CHAS. T. LODER, President.
Date of Charter: 1-4-1952

M. B. LODER, Cashier.
Began Business: 1-15-1952

ASSETS Caah, balances with other banks, in-
cludilll! reserve balances, and cash items in process of collection...... S United States Government obligations, direct and guaranteed ..... .
o~!t'd\~l!'ton"i. -~~~ .~~~..~~i~~c-~
Other bonds, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
drafts) ........................ . Bank premises o..-ned, 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..................... .
Total Assets ..................S

186,287.24 110,000.00
None None None 121,947.70 8,479.71 None
Nonr None None 426,714.65

LIABILITIES Demand deposita..................S Time dep<;>tnta .................... . Depceita of U.S. Government ..... . De~i~ of States and political sub-
divi&Jooa ...................... . Depceits of banks ................ . Other depceits (certified and officers'
checks, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities.................. .
~:f;.t:!::::::::::::::::::::::::::
Undivided profits................. . Reserves........................ .

226,019.26 86,779.75 None 66,300.00 None
3,564.33 None
None None 30,000.00 6,000.00 8,051.31 None

Total Liabilities...............s 426,714.65

FORTY-SECOND ANNUAL REPORT

153

STATEMENT

Showing condition at the elose of business December 31, 1961, of

BANK OF BARROW Winder, Ga.

As Called for by the Superintendent of Banks

W. C. HARRIS, President.
Date of Charter: 3-12-1951

L. P. HIX, Cashier.
Began Business: 3-17-1951

ASSETS Cash, balances with other banks, in-
eluding reserve balances, and cash items in process of collection...... S United States Government obligations, direct and guaranteed ..... .
O~~t".J\~i~fon~f. -~t~-~. a~~ .~~~i~~-~1
Other bonds, notes. and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and oiscounts (including over-
drafts) ........................ . Bank premises owned, furniture and
fixtures ........................ . Real estate owned other than bank
premist's....................... . Investments and other 1\SSets indi-
~~e~r.~e~er::f:::~~:. ~~n~..preni.~

1,840,470. 92 1,037,850.80
381,151.60 149,000.00
None 1,302,254.36
62,962.37 None
None

Customers' liability to this bank on

None

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

Other Assets ...................... ___1_4_,_7_88_._66_

Total Asseta .................. S 4,788,478.71

LIABILITIES Demand deposita.................. $ Time depostts.................... . Deposits of U.S. Government ..... . DeP."'!i~s of States and political sub-
divtstona ...................... . Deposits of banks ................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outatanding ........................... . Other liabilities .................. . Capital. ......................... . Surplus ......................... . Undividecl profita................. . Reserves ........................ .

3,334,702.69 875,146.33 53,785.38 198,613.34 None 2,687.68 None
None 59,321.26 100,000.00 100,000.00 64,222.03
None

Total Liabilities.............. $ 4,788,478.71

STATEMENT Showing condition at the close of business December 31, 1961, of

THE PEOPLES BANK WiDder, GL

As CaDed for by the Superintendent of Banb

C. 0. HADDOX, JR., President.
Date of' Charter: 10-29-1926

J. B. LANGFORD, Cashier.
Began Business: 10-30-1926

A88ET8

Cub, balan... with other banb. in-

cllllliDJ raerve balan- ...d cuh

itema ID -

of eollecUoa..... $

at~~~~~~~ UDited Statee Gcmlrnmeut oblip-

Other bonds, DOtee. lllld debeut-..

Coruorate atocb (iDcludiug stock of

l'"ederal Reeerve Baak)...........

I-... ...d diaeouuta (iDcludiug over-

draft&) . . . . . . . . . . . . . . . . . . .

Baak premiea OWDed, furDiture ...d
~.........................

BepUr

eatate OWDed other .......
emiaa...................

.b.e.D..k

Iaveetmeuta aod other _... indi-

~"'== ~- ~

Cuatomen' liability to tbia beDk 011

accept&ueee outataudiua..........

Other .A.eta......................

657 988.61 2 ,029 ,381. 88
208,127.52 None
None
l, 115 '508. 34
35,050.00
42,001.00
~one
~one
None

Totai.A.eta............. S 4,088,057.35

s LIABILITIES
DemaDd depoeita................. TimedepoBlte.................... Depoaita of U. 8. Govemmeat..... . Depoai~ of Statee aod political eub-
divialona ...................... .
~~~ iU.d om;,e,:.; BJ~"f::~::::::::::::::::::::
Aeceptaneee ezeeuted by or for ac-
mCOcU.D.t.o..f .t.b.i.a..b.ii.D.k..a.n.d..o.o.t.a.t.a.n.d.-
Other liabilities .................. .
~::!::::::: :::::::::::::::::::
Undivided profita................. . Reeervee........................ .

2,548,469.83 909,492.78 66,437.61 151 '191.42 None 18,762.26 None
None 67,887.36 100,000.00 150,000.00 25,000.00 50,816.09

Total Liabilities............ S 4,088,057.35

154

DEPARTMENT OF BAN-K-I-N-G------------------------

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE CAMDEN COUNTY STATE BANK Woodbine. Ga.

As Called for by the Superintendent of Bank!

J. C. NEWTON, President.
Date of Charter: 6-24-1947

E. F. PARKER, Cashier.
Began Business: 1-2-1948

A88ET8

Ceah, balaneea with other bomb, in-

cllldinJ reaerve balaneea, and cash items m pl'OCellll of collectioo......$ 404,277.71

United Statea Government obliga.ti-. direct and guaranteed ..... .

517,206.25

~=..:. -~~~- ~~- -~i~~

9,705.20

Other booda, notea, and debeatures..

None

Corporate atocb (including stock of Federal Reserve Bank)..........

None

Loans and discount& (including overdraft&) ........................ .

399,394.87

Bank premiaea owned, furniture and fi:Rurea........................ .

4,700.00

Real estate owned other than bauk premiaea....................... .

None

Investment& and other -ts indi-

rectly representing bauk premises

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

None

Customers' liability to this bauk oo

aeceptaneea outstanding......... .

None

- - - - - - Other AMeta.................... ..

None

Total AMeta..................$ 1,335,284.03

LIABILITIES Demand deposita..................$ Time depoa1ts.................... . Deposita of U.S. Government..... . Depoai!s of Statea and political sub-
divialCJIIa ..................
~.r...:.~certified ~ ;.m;,m. checks, etc.) ................... . Bills payable.................... .. Acceptances ""ecuted by or for ac-
count of this bauk and outstanding ........................... . Other liabilities.................. . Capital......................... .. Surplus......................... . Undivided prolita................. . Reserves........................ .

351,727.70 589,534.44
1,465.00 268,111.79
None 1,826.56
None
None 4,418.54 50,000.00 50,000.00 18,200.00
None

Total Liabilities........... - .. -$ 1,335,284.03

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE WOODBURY BANKING COMPANY Woodbury, Ga.

As Called for by the Superintendent of Banks

T. B. CARROLL, President.
Date of Charter: 9-29-1902

M. 0. CAMPBELL, Cashier.
Began Business: 9-29-1902

ASSETS Caeh, balances with other banks, in-
cludinll reeerve balances, and cash itema m proceSB of collection. _.... $ United States Government obligetiona, direct and guaranteed ..... . Obliga~io~ of States and political
8Ubd1Vl8JOD8 , ,
Other bonde, notes, and debentures.. Corporate etocka (including stock of
Federal Reeerve Bank) .......... . Loane and diecounta (including over-
drafts) ..... --.- ............... . Bank premises owned, furniture and
fixtures ............ _........... . Real estate owned other than bank
premises...... - .......... -..... . Inveetmenta and other 888els indi-
:"!~e!."~::r!~~~- ~~- ~~~i~
Customers' liability to this bank on acceptances outstanding..... - . -..
Other Assets..................... .

164,949.33 535,443.53
None 469,489.46
None 545,982.57
1,600.00 None
None None None

TotalABSeta .................. $ 1,717,464.89

LIABILITIES Demand deposita..................$ Time deposita.................... . Deposita of U. S. Government ..... . DeJ!O!Ii~s of Statea and political sub-
diviaaona ..................... Deposita of banks................ . Other deposits (certified and officers'
cheeks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bauk and outstanding........................... . Other liabilities.................. . Capital. ......................... Surplue ......................... . Undivided profits................. . Reserves ........................

751,640.59 634,763.22
4,270.07 95,016.83
None
3,106.55 None
None 2,500.00 50,000.00 50,000.00 110,739.63 15,428.00

Total Liabilities.............. -1 1,717,464.89

FORTY-SECOND ANNUAL REPORT

155

STATEMENT

Showing condition at the close of business December 31, 1961, of

THE WOODLAND BANK Woodland. Ga.

As called for by the Superintendent of Banks

J. H. WOODALL, SR. President.
Date of Charter: 11-18-1907

C. E. MILLER, Cashier.
Began Business: 11-25-1907

ASSETS C..h, balances with other banks, in-
cludiliJ reserve balan~es, and cash items 1n process of collection ...... S United States Government obligations, direct and guaranteed ..... .
0~~\~~:on":. -~~t~s. ~~~- .~~i~~~_J
Other bonds, notes, and debentur~s .. Corporate st~ks {in~luding stock of
Federal RPaerve Bank) .......... . Loans and discounts {including over-
drafts) ........................ . Bank premiaea owned, furniture and
fixtures........................ . Real estate owned other than bank
pretnises....................... . Investments and othrr assets indi-
rectly representing bank premises or other rpal estate ............. . Customrra' liability to this bank on acceptances outstanding........ . Other Assets.................... .
Total Aascts .................. S

158,750.02 235,851.50
4,000.00 None None
54,592.02 80.00 None
None None None 453,273.54

LIABILITIES Demand deposita.................. S Time deposita.................... . Deposits of U.S. Government..... .
D':fl~!!~~f. ~~t':". ~~ .~..~t.i~~- ~~~
Deposita of banks ................ . Other deposita {certified and officers'
checks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~:r;~!.:::::::::::::::::::::::::
Undivided profits................. . Rl'serves ........................ .

323,515.22 1,011.71
10,780.72 46.586.52
None 716.77
None
None None 25,000.00 25,000.00 20.662.60 None

Total Liabilities............... S 453,273.54

STATEMENT

Showing condition at the close of business December 31, 1961, of

BANK OF WOODSTOCK Woodstock, Ga.

As called for by the Superintendent of Banks

SMITH L. JOHNSTON, JR. President.
Date of Charter: 11-13-1905

ARTHUR L. POOR, Cashier.
Began Business: 11-13-1905

ASSETS

Cash, balances with other banks, in-

cluding reserve balances, and cash

items in process of collection ...... S

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 over

drafts)... . . . . . . . . . . . . . ...

Bank premises owned, furniture and

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

Real estate owned other than bank

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

Investments and other assets indi-

rectly rt'prf'senting bank premisPB

or other rE-al estate . . .

Customers' liability to this bank on

&C'C'Pptancea outstanding.

Other Assds.

..

13a,100.58 433 ,1168. 75 63,886.78 125,026.05
None 404 290 .27
20,860.92 Nonf'
:-;one NonP NonP

Total Asoets.

' 1,183,133 25

LIABILITIES Demand deposits.................. S Time depos1ts.................... . Deposits of U. S. Government ..... .
D':livi!!~o~f States_ ~d. ~l~ti~al ~~~
Deposits of banks ................ . Other deposits (certified and officers'
checks, etc.) ................... . Bills payable ..................... . Acceptances executed by cr for ar.-
count of this bank and outstanding ........ . Other liabilities Capital. .... Rurplus....... . Undivided profits. Reserves.

587,349.50 280,922.60
11.555.47 154.601.61
None 233.00
None
None 8,978.87 2.5,000.00
8.~.000.00
29,492.30 None

Total Liabilities.

$ I, 183, 133 3ii

156

DEPARTMENT OF BANKING

STATEMENT

Showing eondition at the c:Iose of business December 31, 1961, of

BANK OF WRIGHTSVILLE Wrightsnlle, Ga.

As ealled 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 coiJection...... S 459,869.71

United States Government obliga-

tions, direct and guaranteed ..... .

770,494.07

Obliga~io!'~ of States and political

subdsvts1ons ................... .

32,494.94

Other bonds, notes, and debentures..

191,096.91

Corporate stocks (including stock of

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

None

Loans and discounts (including over-

drafts) ........................ . I ,619,642.26

Bank premises owned, furniture and

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

4,749.04

Real estate owned other than bank

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

None

Investments and other assets indi-

rectly representing bank premise

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

None

Customers' liability to this bank on

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

None

- - - - - Other Assets..................... .

None

Total Assets .................. S 3 ,078,346. 93

LIABILITIES Demand deposits..................S Time depos1ts.................... . Deposits of U. S. Government . . . . . .
D~!l~n~f. ~~~~s. ~~~. ~.l~t.i~l. ~~~
Depcsits of l:anks ................ . Other deposits (certified and officers'
rhecks, etc.) ................... . Bills payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Other liabilities .................. .
~::;!~:!. :::::::::::::::::::::::::
Undivided profits................. . Reserves ........................ .

1,413,537.43 995,875.94 11,175.58 273,865.03 62,128.66 8,397.84 None
None None 50,000.00 175,000.00 58,366.45 30,000.00

Total Liabilities.............. S 3,078,346.93

STATEMENT Showing eondition at the c:lose of business December 31, 1961, of

EXCHANGE BANK OF WRIGHTSVILLE Wrightsville, Ga.

As ealled for by the Superintendent of Banks

FRANCIS F. SHURLING, President.
Date of Charter: 12-20-1909

G. T. BRANTLEY, Cashier.
Began Business: 12-20-1909

ASSETS Cash, balances with other banks, in-
cluding reserve balances, and cash items in process of coiJection ......S United States Government obligations, direct and guaranteed ..... . Obliga~io!'~ of States and political
IIUbdlVISlODS ...
Other bonds, notes, and debentur...... Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including overt drafts) ........................ . Bank prP.misea owned, fprniture and
fixturN.................. : ..... . Real estate owned other than bank
premiaea....................... . Investments and othr &Meta indi-
rectly representing bank premises or other real estate ............. . Customers' liability to this bank on acceptances outstanding......... . Other Aaaets..................... .

226,270.48 529,105.86
66,414.05 9,135.45 None
685,436.03 10,522.64 None
None None None

Total Assets.................1 1,526,884.51

LIABILITIES Demand deposits..................S Time depos1ts.................... . Deposita of U.S. Government ..... . Depoai!s of States and political aub-
divi.esone ... _.................. . Deposita of banks ................ . Other deposits (certified and officers'
...hecka, etc.) ................... . Billa payable..................... . Acceptances executed by or for ac-
count of this bank and outstanding ........................... . Oth"r liabilities.................. .
~::;:e!.:::::::::::::::::::::::::
Undivided profits................. . ReacnI'B ........................ .

708' 940. 0.~ 289,516.93
6,341. 71 269,186.39
None 16,501.64
None
None None 35,000.00 145,000.00 56,397.79 None

Total Liabilities.............. S 1,526,884.51

FORTY-SECOND ANNUAL REPORT

167

STATEMENT Showing condition at the c:lose of business December 31, 1961, of

THE BANK OF ZEBULON Zebulon, Ga.

As called for by the Superintendent of Banks

J. J. EDWARDS, President.
Date of Charter: 3-18-1906

J. H. BAKER, Cashier.
Began Business: 1-31-1906

ASSETS Cub, balanoea with other banks, in-
cludi~~jr reeerve balanoea, and cub items 10 proceea of collection...... S United States Government oblip. tiona, direct and guaranteed ..... . Obliga~~ of States and political
IUbd.iVlllOD8 , ..................
Other bonda, notes, and debentures.. Corporate stocks (including stock of
Federal Reserve Bank) .......... . Loans and discounts (including over-
draft&) ........................ . Bank premiaea owned, furniture and
fixtures ............... : ........ . Real estate owned other than bank
premieea. ...................... . Investments and other aaaeta indi-
rectly representing bank premiaea or other real estate............. . Customers' liability to tbia bank on aeeeptan""" outstanding......... . Other Assets..................... .

279,756.05 605,273.75
53,270.23 110,000.00
None 399.607.05
5,418.83 None
None None None

Total Assets.................. S 1,453.325.91

LIABILITIES Demand deJIOBita. . . . . . . . . . . . . . . . . S Time depoa1ta.................... . Deposita of U. S. Government ..... . l>epoei~ of States and political aub-
divialone ...................... . Deposita of banks................ . Ot&er deposita (eerti&ed and oflieera'
cllecka, etc.) ................... Billa payable..................... . Acceptanoea executed by or for ac-
count of tbia bank and outstanding........................... .
:::: :: :: ::::::::::::: :::: Other liabilities................... .
~;r:.
Undivided pro&ta................. . Reserves........................ .

602,692.03 531,400.57
5,740.26 124,265.31
None 481.49
None
None 9, 771.33 50,000.00 50,000.00 68,974.92 10,000.00

Total Liabilities. . . . . . . . . . . . . S 1 ,453 , 325. 91