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R E P O R T OF
THE

BANK COMMISSIONER




OF ARKANSAS
1954

A. R. MERRITT
State Bank Commissioner




FORTIETH REPORT
OF THE

BANK

C O M M ISSIO N E R
OF THE

STATE OF ARKANSAS

FOR THE YEAR ENDING JUNE 30, 1954




A.

R. MERRITT

State Rank Commissioner




STATE OF ARKANSAS
OFFICE OF STATE BANK DEPARTMENT
July 1, 1954
To His Excellency
Francis Cherry
Governor of Arkansas
Sir:
I have the honor of submitting to you the Fortieth Annual
Report of the State Bank Department for the fiscal year ending
June 30, 1954, in compliance with the terms and provisions of
Act 113 of 1913 (Now found in Section 67-111, Arkansas Statutes
of 1947). The report reflects the condition of the State-charter­
ed banks and trust companies, building and loan associations, in­
dustrial loan companies, credit unions and other factual data
pertaining to the operation of the Department.




Respectfully submitted
A. R. Merritt
State Bank Commissioner

TABLE OF CONTENTS

Page
Legal Holidays___________________________________________________________ 6
Departmental Roster______________________________________________________ 7
Commissioners of State Bank Department_________________________________ 8
Receipts and Disbursements_______________________________________________ 9
Officials Arkansas Bankers Association 1953-1954_________________________ 10
Officials Junior Bankers Section 1953-1954_______________________________ 10
Officers Federal Reserve Bank of St. Louis, Missouri____________________ 11
Officers Little Rock Branch Federal Reserve Bank of St. Louis,
Missouri ______________________________

11

Examiners Federal Deposit Insurance Corporation for Arkansas__________ 11
Examiners National Bank Department in Arkansas_______________________11
Comparative Abstract showing condition of State Banks and Trust
Companies as of June 30, 1954 and June 30, 1953____________________ 12
Comparative Abstract showing condition of State and National
Banks as of December 31, for the years 1953-1949___________________ 13
Comparative statement of condition of State Banks and Trust
Companies for the past thirty-three years___________________________ 14
Consolidated report of Earnings and Dividends of State Banks and
Trust Companies for the twelve months ending December 1953________ 15
Banking Facilities by Counties including State and National Banks,
Teller’s Windows and Cooperative Exchanges______________________16-17
National Banks in Arkansas______________________________________________ 18
Members of Federal Reserve System_____________________________________ 19
Commercial Banks Non-Members of Federal Deposit Insurance
Corporation ________________________________________________________ 19
Trust Companies not engaged in commercial banking and non­
members of Federal Deposit Corporation_____________________________ 19
State Banks Operating Teller’s Windows_________________________________ 20
National Banks Operating Teller’s Windows_____________________________ 20
New Banks Chartered___________________________________________________ 20
Amendments Altering Capital Structure_______________________________ 20-21
Other Amendments______________________________________________________ 21
Ratio of Total Capital Accounts to Total Liabilities____________________ 21-23
Individual statement of condition of all State Banks and Trust
Companies as of June 30, 1953___________________________________ 25-119
Combined and individual statement of condition of Cooperative
Exchanges as of June 30, 1953__________________________________ 120-122
Combined and individual statement of condition of Building and
Loan Associations as of December 31, 1952_______________________125-129



Page

List of Voluntarily Liquidating State Chartered Building and
Loan Associations__________________________________________________ 130
Supervised loan companies under Act 397 of 1947 as of
June 30, 1954___'___________________________________________________ 132
Mortgage loan companies under Act 397 of 1947 as of June 30, 1954______133
Combined and individual statement of condition of Industrial
Loan Institutions operating under Act 111 of 1941 as of
June 30, 1954_________________________________________________ 134-137
Combined and individual statement of condition of Credit Union
as of December 31,1953________________________________________ 138-149
Qualified

Stock Exchanges_____________________________________________ 150

Issuers Registered by Qualification under Act 397 of 1947 as
of June 30,1954_______________________________________________ 151-152
Issuers Registered by Notification under Act 397 of 1947 as
of June 30,1954___________________________________________________ 153
Dealers authorized to sell qualified or exempt Securities as
of June 30,1954___________________________________________________ 154




6

State of Arkansas: Bank Department

LEGAL HOLIDAYS
_________ . .January 1.

New Year’s Day _

Robert E. Lee’s Birthday _

January 19.

George Washington’s Birthday.

February 22.

Memorial Day

____

Independence Day

_

_ .. -May 30.
. -July 4.

_

Commemorating the end
of World War II_

_ August 14.

Labor D ay.

. -First Monday in September

_

.

November 11.

Thanksgiving Day

.

Any day made or designated
by Act of Congress.

Christmas Day

_ December 25.

Armistice Day

_____

_

All Biennial Statewide Primary and General Election Days.

All Bills of Exchange, Drafts or Promissory Notes, which shall
become payable on a legal holiday shall be payable on the day next
succeeding such holiday. In case any legal holiday which falls on
Sunday, the next succeeding Monday shall be a legal holiday in its
stead.




Fortieth Report

7

DEPARTMENTAL ROSTER
A. R. Merritt_____________________State Bank Commissioner
Theo P. Carson___________________ Assistant Bank Commissioner
John L. Carter____________________ Assistant Commissioner in
charge Building and Loan and
Securities Division.
BANK EXAMINERS
D. S. Patterson
J. A. Welty

F. C. Rayburn
Phillip R. White
Olan B. Wages

ASSISTANT EXAMINERS
H. Doyle Jones

R. C. Willcox

BUILDING AND LOAN AND SECURITIES EXAMINER
T. Y. Cooper
CLERKS AND STENOGRAPHERS
Patsy R. Emerson

Helen James
Betty Morton

Nora S. Powers

STATE BANKING BOARD
C. E. Crossland, Chairman_____________________ Little Rock
John W. Edwards______________________________ Batesville
Lawson T. Garner______________________________ Crawfordsville
James H. Kays________________________________ Fayetteville
F. J. White______________ ,____________________ Prescott
Theo P. Carson, Secretary______________________ Little Rock

OFFICE
Room 270, State Capitol Building
Telephone Franklin 2-3161




State of Arkansas: Bank Department

8

COMMISSIONERS OF THE STATE BANK DEPARTMENT
STATE OF ARKANSAS
Name
Date of Appointment
Date Service Ended
No.
1 John M. Davis_____ March 6, 1913___________October 3. 1918
2 A. J. Reap__________October 3, 1918__________March 22, 1919
3. W. T. Maxwell_____ March 22, 1919__________September 1, 1921
4. Charles McKee_____ September 1, 1921_______July 28, 1925
5. Loid Rainwater_____July 28, 1925____________February 8, 1927
6 Walter E. Taylor____ February 8, 1927_______ January 10, 1933
7. Marion Wasson_____ January 10, 1933_______ January 12, 1937
8. Grover S. Jemigan__January 12, 1937_______ January 14, 1941
9. Thomas W. Leggett_ January 14, 1941_______ February 1, 1949
10. S. J. Dean__________February 1, 1949________ December 31, 1949
11 Ed I. McKinley, Jr.—December 31, 1949______ March 14, 1953
12 A. R. Merritt_______March 14, 1953__________

..
.

..




Fortieth Report

9

FORTIETH REPORT
STATE BANK DEPARTMENT
The following is a statement showing the receipts and disbursements
of the State Bank Department from July 1, 1953 to June 30, 1954.
RECEIPTS
Cash Balance with State Treasurer June 30, 1953________________ $108,591.57
Examination and Assessment Fees— Bank Division___ $48,064.28
Charter and Amendment Fees— Bank Division________ 1,295.00
Miscellaneous Fees— Bank Division__________________
685.75
Examination and Assessment Fees—
3,053.87
Bldg. & Loan Division__________________________
Miscellaneous Fees— Securities Division_______________ 17,150.36
70,249.26
$178,840.83
DISBURSEMENTS

Salaries—Administrative _______________________________________$ 18,500.00
Salaries—Examining Division____________________________________ 31,560.00
Salaries— Office Force___________________________________________
10,125.00
Maintenance _____________________________________________
7,812.15
Travel Expense__________________________________!.______________
5,275.76
Charges by State Treasurer—Handling Fees______________________
1,049.72
Charges by State Treasurer—Department contributions
to Social Security:
3rd Quarter, 1953_____________________________ $204.12
4th Quarter, 1953______________________________ 97.19
1st Quarter, 1954_______________________________ 308.70
2nd Quarter, 1954______________________________ 303.01
Charge— Check Entered Twice on Books________________________

913.02
15.00

Cash Balance with State Treasurer June 30, 1954_________________

$ 79,250.65
99,590.18




$178,840.83

10

State of Arkansas: Bank Department

ARKANSAS BANKERS ASSOCIATION
1954-55
President_________ .Louis E. Hurley, President, The Exchange Bank
& Trust Company, El Dorado
Vice President___ H. A. Lewis, President, First National Bank,
Fayetteville
Treasurer_________ Charles H. Orth, Vice President, Union Nation­
al Bank, Little Rock
Secretary_________ Jeff Burnett, 621 Pyramid Building, Little
Rock
Ass’t Secretary____Miss Thelma Bruce, 621 Pyramid Building, Lit­
tle Rock

EXECUTIVE COUNCIL
Sam Bowman______
W. L. Jameson, Jr.
L. W. Harris______
Carle Robbins______
G.

H.. Sexton______

R. J. Rice_________
B. J. Lambert, Jr__
C. E. Crossland, Jr.
Sam E. Babb______
J. C. Reeves_______

McGehee
Magnolia
Rogers
Fort Smith
Hot Springs
N. Little Rock
Holly Grove
Paragould
El Dorado
Pine Bluff

COUNCILMEN-AT-LARGE
B. A. Lynch-------------------------------------------------------Blytheville
Basil Hoag______________________________________ Texarkana

OFFICERS JUNIOR BANKERS
SECTION
ARKANSAS BANKERS ASSOCIATION
President_________ J. B. Waddington____________ Little Rock
Vice President____ Doyl E. Brown_______________ Wynne
Secretary_________ Howell N. Davis_______________Pine Bluff
Treasurer_________ T. J. Vinson___________________ Harrison




Fortieth Report

11

FEDERAL RESERVE BANK
OF
ST. LOUIS, MISSOURI
DISTRICT NO. 8
President ________________________________ Delos C. Johns
1st Vice President_______________________ Frederick L. Deming
Vice President__________________________ Wm. E. Peterson
Vice President__________________________ J. C. Wotawa
Vice President__________________________ Dale M. Lewis
Vice President and Secretary______________ H. H. Weigel
Vice President____Fred Burton__________________ Little Rock
Vice President___ V. M. Longstreet_____________ Louisville
Vice President___ Darryl R. Francis____________ Memphis
Chief Examiner__ Geo. E. Kroner_______________St. Louis
LITTLE ROCK BRANCH
FEDERAL RESERVE BANK
OF
ST. LOUIS, MISSOURI
Vice President and Manager______________ Fred Burton
Assistant Manager______________________ Marvin L. Bennett
Assistant Manager______________________ W. J. Bryan
Assistant Manager______________________ Clifford Wood
FEDERAL DEPOSIT INSURANCE CORPORATION
DISTRICT NO. 6
1059 Arcade Building, St. Louis, Mo.
Supervising Examiner_____________________ C. M. Dunn
Ass’t. Supervising Examiner______________ Rex Clark
EXAMINERS FOR ARKANSAS
Fred H. Caudle______________ Salinger Bldg., North Little Rock
Henry M. Frazer_____________ Salinger Bldg., North Little Rock
Ray M. Waters_______________ Salinger Bldg., North Little Rock
NATIONAL BANK EXAMINERS FOR ARKANSAS
Reed Dolan, Chief National Bank Examiner, 416 No. Broadway,
St. Louis, Mo.
Richard B. Hanlen, P. 0. Box 2180, Little Rock, Arkansas
Isaac T. Shaw, P. 0. Box 825, Fort Smith, Arkansas




COM PARATIVE ABSTRACT SHOWING THE CONDITION OF STATE BANKS AN D TRUST COMPANIES
OF A RK A N SA S AS OF JUNE 30, 1954 AN D JUNE 30, 1953

June 30,1953
177

RESOURCES:
Cash and due from b a n k s ----- --------U. S. Government obligations---------Other bonds and securities —
_ _
Loans and discounts — ---------Banking house, furniture and fixtures
Other real estate
---------- --- --------Other resou rces___ __
___________

$116,317,240.58
135,033,389.24
38,162,664.90
159,092,469.86
2,932,900.61
75,981.17
937,231.52

$117,406,392.38
152,351,086.52
37,529,243.80
125,554,203.01
2,811,761.61
56,349.53
721,062.74

$ 633,421.10
33,538,266.85
121,139.00
19,631.64
216,168.78

TOTAL RESOURCES___________

$452,551,877.88

$436,430,099.59

$16,121,778.29 (Net)

LIABILITIES:
Demand deposits
Savings and time deposits-----------------U. S. Government deposits___________
Public Funds------- — ------------------------Deposits of b a n k s __________________

$283,348,151.79
65,034,486.37
5,239,164.24
44,914,531.35
12,788,220.74

$287,783,175.58
53,139,483.71
3,179,907.75
43,063,703.46
11,418,050.00

$11,895,002.66
2,059,256.49
1,850,827.89
1,370,170.74

TOTAL DEPOSITS_____________
Other Liabilities1_____________________

$411,324,554.49
429,616.15

$398,584,320.50
679,175.15

$12,740,233.99 (Net)

TOTAL LIABILITIES_______________

$411,754,170.64

$399,263,495.65

$12,490,674.99 (Net)

CAPITAL ACCOUNTS:
Capital Stock________ _______ ____
S u rp lu s_— _ _ — — — --------Undivided profits and reserves_______

$ 11,670,000.00
12,828,000.00
16,299,707.24

$ 11,067,500.00
11,665,000.00
14,434,103.94

$

$ 40,797,707.24

$ 37,166,603.94

$ 3,631,103.30

$452,551,877.88

$436,430,099.59

$16,121,778.29 (Net)

TOTAL CAPITAL ACCOUNTS—
TOTAL CAPITAL ACCOUNTS
AND LIABILITIES________



Increase
1

Decrease

$ 1,089,151.80
17,317,697.28

$ 4,435,023.79

249,559.00

602,500.00
1,163,000.00
1,865,603.30

M

State of Arkansas: Bank Department

June 30, 1954
178

Number of Banks Reporting

m

COM PARATIVE A BSTRA CT SHOWING CONDITION OF STATE AND NATION AL BANKS OF ARK AN SAS AS
OF DECEMBER 31. 1953-1949

1953
230

Number of banks

1952
230

1951
230

1950
229

1949
227

$ 296,659,000
315.113.000
91,377,000
314.041.000
5.540.000
132,000
1.795.000

$ 300,018,000
355.272.000
87,041,000
252.782.000
5.123.000
101,000
1.314.000

$299,046,000
340.533.000
82,305,000
221.646.000
4.923.000
63,000
1.243.000

$290,995,000
336.852.000
73,171,000
203.864.000
4.487.000
107,000
1.181.000

$258,063,000
335.019.000
66,282,000
192.620.000
4.205.000
135,000
1.064.000

TOTAL RESOURCES__________________

$1,024,657,000

$1,001,651,000

$949,759,000

$910,657,000

$857,388,000

LIABILITIES:
Capital Stock________________ _________
Surplus ______________ ________ ____
Undivided profits and reserves

$

22,428,000
28,221,000
24,946,000

$

21,880,000
26.481.000
22.916.000

$ 21,035,000
24.234.000
21.069.000

$ 19,745,000
22.970.000
18.666.000

$ 18,133,000
20.591.000
16.850.000

Total capital account__ ________ _______

$

75,595,000

$

Deposits__________ _____________________
Other liabilities
___
TOTAL LIABILITIES




71,277,000

$ 66,338,000

$ 61,381,000

$ 55,574,000

945,731,000
3,331,000

927,595,000
2,779,000

881,253,000
2,168,000

847,289,000
1,987,000

799,721,000
2,093,000

$1,024,657,000

$1,001,651,000

$949,759,000

$910,657,000

$857,388,000

Fortieth Report

RESOURCES:
Cash and due from banks ____________
U. S. Government obligations__
___
Other bonds and securities_____________
Loans and d iscou n ts,__ ______ ___ __
Banking house, furniture and fixtures__
Other real estate_________________
___
Other resources__________ __
___

co

COMPARATIVE STATEMENT* OF CONDITION OF STATE BANKS AND TRUST COMPANIES
FOR PAST' THIRTY-THREE YEARS

1922_____
1923_____
1924_
1925_____
1926__
1927_ —.
1928_____
1929_____ __
1930.
1931_____
1932 ____
1933_____ ___
1934_____
1935_____
1936_____
1937_____
1938_____
1939_____
1940_____
1941_____
1942_____
1943 ___
1944_
1945_____
1946_____
1947_____
1948_____
1949_____ . _
1950_____
1951_____ . _
1952_____
1953_____
1954_____




Number
Banks
402
403
397
396
394
376
358
347
329
265
223
202
189
180
178
176
171
167
169
166
166
161
161
163
169
170
174
174
176
177
178
177
178

Deposits
106,276,400
128,580,700
123,365,300
136,552,900
142,107,300
134,788,700
135,849,800
137,636,800
131,936,800
92,097,800
62,043,400
47,335,000
41,756,400
50,646,500
59,441,000
66,036,600
66,771,000
73,397,300
79,079,100
94,733,000
128,975,900
190,153,500
226,832,800
302,720,500
355,193,200
346,132,500
340,469 900
344,900,700
354,288,100
358,571.300
383,178,600
398,584,300
411,324,600

Loans and
Discounts
101,031,600
109,443,400
114,950,900
117,669,200
123,464,400
112,051,800
109,167,900
109,438,700
111,542,200
67,063,800
46,374,800
29,925,600
23,434,300
25,039,400
22,088,500
24,965,600
29,138,400
36,443,100
32,496,900
33,420,100
30,666,600
30,497,300
42,121,000
50,282,600
49,928,600
70,403,400
82,157,200
101,075,200
94,148,700
108,035,400
120,769,700
125,554,200
159,028,000

Borrowed
Money
14,857,200
9,639,800
14,237,400
13,403,100
13,078,300
8,011,600
7,120,500
8,333,200
12,018,900
3,356,600
7,676,700
6,798,200
3,515,800
320,500
148,300
233,500
88,100
206,100
72,300
75,100
56,700
83,700
81,700
106,700
131,700
116,700
221,700
118,200
148,200
133,200
58,200
298,200
58,200

Cash
27,074,700
34,083,000
28,651,300
34,129,800
35,902,800
35,390,100
33,484,400
32,607,700
30,886,200
26,347,000
20,014,800
19,530,100
18,594,700
20,827,300
29,198,000
28,661,800
26,501,600
27,761,400
34,852,000
46,087,100
75,993,000
88,424,600
87,156,400
115,746,100
114,416,400
102,647,800
96,311,500
96,605,800
102,081,300
102,013,000
114,420,700
117,406,400
116,317,200

U. S. Gov’t
Bonds
3,558,000
6,626,900
3,604,000
4,720,100
4,401,600
4,426,700
6,048,500
8,403,100
4,892,500
4,101,500
6,061,500
6,946,200
7,155,500
9,206,600
11,254,400
12,197,200
10,842,300
9,198,600
10,664,100
12,705,800
21,423,800
71,252,800
97,906,100
137,559,700
187,100,000
170,818,800
160,340,700
148,075,000
158,652,300
148,390,100
144,775,800
152,351,100
135,033,400

Capital
Structure
25,270,900
25,842,200
25,770,300
25,186,900
25,374,100
24,424,800
23,434,400
23,593,100
23,169,300
17,551,500
14,937,100
12,398,500
12,047,800
11,693,400
11,769,900
12,059,300
12,084,800
12,280,700
12,567,100
12,805,500
13,316,600
13,904,500
15,076,800
16,624,500
18,908,900
21,414,700
23,769,900
26,381,700
29,064,500
31,611,000
34,416,400
37,166,600
40,797,700

Total
Resources
145,697,700
162,928,400
161,946,800
171,348,400
179,174,100
167,369,800
167,013,100
170,668,000
168,358,500
114,721,200
85,708,100
67,506,400
57,423,900
62,770,700
71,508,200
78,432,900
79,016,200
85,961,400
92,002,700
107,936,900
142,710,700
204,492,600
242,132,900
319,689,500
374,451,600
367,934,700
364,722,300
371,711,900
383,815,000
390,770,400
417,987,700
436,430,100
452,551,900

State of Arkansas: Bank Department

Date
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
June 29,
June 30,
June 30,
June 30,
June 30,
June 30,
June 29,
June 30,
June 30,
June 30,
June 30,
June 29,
June 30,
June 30,
June 30,
June 30,
June 30,
June 29,
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,

m

Fortieth Report

15

CONSOLIDATED REPORT OF EARNINGS AND DIVIDENDS OF STATE
BANKS AN D TRUST COMPANIES FOR TW ELVE
MONTHS ENDING DECEMBER. 1953

EARNINGS:
Interest and discount on loans_______________ $7,599,089.61
Interest and dividends on securities__________ 3,926,171.08
Service charges, exchange charges, etc_______ 2,685,142.94
Other operating earnings______ _______________ 315,554.49
$14,525,958.12

Total earnings from operations.
EXPENSES:
Salaries, wages and directors’ fees___________ $5,083,347.21
757,123.24
Interest paid on time deposits_______________
Interest paid on borrowed money_____________
7,520.28
Taxes other than on income_________________
366,397.36
Taxes on income_____________________________ 1,662,447.60
Other current expenses_____________________ 2,767,301.52

Total current expenses_______________________________ $10,644,137.21
Net current operating earnings----------------------------------- $ 3,881,820.91
RECOVERIES AND PROFITS:
On securities______________________ _________ $ 66,914.42
On loans____________________________________
109,579.77
All oth ers__________________________________
72,981.26
249,475.45
$ 4,131,296.36
LOSSES CHARGED OFF:
On securities________________________________$ 277,124.35
On loans____________________________________
380,600.55
All others___________________________________
154,663.48
812,388.38
$ 3,318,907.98
DIVIDENDS PAID:
Cash dividends on common stock------- -----------$1,110,817.50
On preferred stock---------------------------------------121.57
1,110,939.07
Net profits after dividends----------------------------------------------- $ 2,207,968.91
OTHER DECREASES IN CAPITAL ACCOUNTS:
Preferred stock retired---------------------------------- $

2,500.00
2,500.00

NET ADDITION TO CAPITAL ACCOUNT FOR 1953



.$ 2,205,468.91

16

State of Arkansas: Bank Department

BANKING FACILITIES BY COUNTIES INCLUDING STATE AND
NATIONAL BANKS, TELLER’S WINDOWS AND
COOPERATVE EXCHANGES
State
National
Teller’s
County__________________________ Banks_____ Banks
Windows
Arkansas_____________________
2
2
1
6
Ashley________________________
Baxter________________________
1
Benton________________________
4
1
1
Boone________________________
2
Bradley_______________________
2
1
Calhoun_______________________
1
Carroll________________________
1
2
Chicot________________________
8
4
2
Clark_________________________
Clay---------------------------------------3
Cleburne______________________
2
1
Cleveland___________
2
Columbia_____________________
3
1
Conway_______________________
1
Craighead_____________________
5
1
1
Crawford--------------------------------4
Crittenden____________________
4
1
Cross_________________________
3
1
Dallas________________________
2
1
Desha_________________________
2
1
Drew_________________________
3
Faulkner______________________
1
1
Franklin______________________
2
Fulton________________________
2
Garland---------- •-----------------------1
1
Grant_________________________
1
Greene________________________
1
2
1
Hempstead____________________
1
2
Hot Spring___________________
1
1
Howard_______________________
1
2
Independence--------------------------2
1
Izard_________________________
3
2
2
1
Jackson_______________________
Jefferson_____________________
1
2
Johnson________'______________
1
Lafayette_____________________
3
1
1
2
Lawrence_____________________
Lee___________________________
1
1
Lincoln_______________________
1
Little River___________________
1
1
Logan________________________
2
1
Lonoke________________________
5
Madison___________ 1__________
2
1
Marion_______________________
1
Miller_________________________
1
Mississippi____________________
6
1
3
Monroe_______________________
3
Montgomery__________________
1
Nevada_______________________
1
Newton_______________________
1
Ouachita______________________
4
1



Cooperative Exchanges

1

1

17

Fortieth Report

BANKING FACILITIES BY COUNTIES INCLUDING STATE AN D
NATION AL BANKS, TELLER’ S W INDOW S A N D
COOPERATVE EXCHANGES

State
National
County__________________________ Banks_____ Banks
Perry_________________________
1
Phillips____________________________ 4
2
Pike__________________________
3
Poinsett______________________
6
1
Polk_________________________ ,
1
1
Pope_________________________
5
Prairie_______________________
2
Pulaski_______________________
4
3
Randolph_____________________
2
St. Francis___________________
2
2
Saline________________________
2
Scott_________________________
1
Searcy________________________
2
Sebastian_____________________
4
Sevier________________________
2
1
Sharp________________________
4
Stone_________________________
1
Union________________________
4
2
Van Buren____________________
1
Washington___________________
5
2
White________________________
7
Woodruff_____________________
2
Yell__________________________
3




178

53

Teller’s
Windows

Cooperative Exchanges

1

1
32
1

2
1
1
22

3

18

State of Arkansas: Bank Department

NATIONAL BANKS IN ARKANSAS
Name_______________________________ Location______
Citizens National Bank________________ Arkadelphia__
First National Bank__________________ Ashdown--------First National Bank__________________ Batesville------First National Bank_______________ _—Berryville------First National Bank__________________ Blytheville-----Citizens National Bank________________ Camden_______
Farmers National Bank________________ Clarksville-----First National Bank___________________ Conway----------First National Bank___________________ DeQueen--------First National Bank----------------------------- DeWitt----------First National Bank___________________ El Dorado____
National Bank of Commerce___________El Dorado____
First National Bank___________________ Fayetteville___
First National Bank___________________ Fordyce_______
National Bank of Eastern Arkansas------Forrest City__
City National Bank___________________ Fort Smith___
First National Bank__________________ Fort Smith___
Merchants National Bank______________ Fort Smith___
First National Bank__________________ Green Forest-.
First National Bank__________________ Gurdon_______
Arkansas National Bank--------------------- Heber Springs.
Helena National Bank____________- — Helena-----------Phillips National Bank________________ Helena_______
Citizens National Bank________________ Hope_________
First National Bank__________________ Hope_________
Arkansas National Bank______________Hot Springs
Planters National Bank_______________ Hughes_______
First National Bank__________________ Huntsville____
Peoples National Bank________________ Jonesboro_____
First National Bank__________________ Lewisville_____
Commercial National Bank____________Little Rock___
First National Bank___________________ Little Rock___
Union National Bank_________________ Little Rock___
Firsts National Bank_________________ Magnolia_____
Malvern National Bank________________ Malvern______
First National Bank__________________ Marianna_____
Planters National Bank_______________ Mena_________
First National Bank_________________ Nashville_____
First National Bank_________________ Newport______
National Bank of Commerce_________ Paragould____
First National Bank_________________ Paragould____
First National Bank_________________ Paris_________
National Bank of Commerce____________Pine Bluff____
Simmons National Bank--------------------- Pine Bluff____
American National Bank______________Rogers_______
First National Bank__________________ Springdale____
Peoples National Bank________________Stuttgart_____
State National Bank__________________ Texarkana____
Trumann National Bank______________Trumann_____
First National Bank__________________ Tuckerman____
Citizens National Bank________________Walnut RidgeFirst National Bank of Lawrence Co._Walnut Ridge_
First National Bank__________________ Wynne_______




County______
-C lark
—Little River
- -Independence
--Carroll
--Mississippi
--Ouachita
--Johnson
-.Faulkner
--Sevier
.-Arkansas
-Union
-Union
--Washington
-.Dallas
_.St. Francis
-.Sebastian
-.Sebastian
-.Sebastian
--Carroll
--Clark
-.Cleburne
-.Phillips
-Phillips
--Hempstead
--Hempstead
-.Garland
--St. Francis
--Madison
--Craighead
--Lafayette
-.Pulaski
—Pulaski
-.Pulaski
-.Columbia
-H ot Spring
--Lee
-P o lk
.-Howard
--Jackson
—Greene
-.Greene
--Logan
—Jefferson
—Jefferson
—.Benton
—Washington
.-Arkansas
-M iller
—Poinsett
—Jackson
.-.Lawrence
.-Lawrence

19

Fortieth Report

MEMBERS OF FEDERAL RESERVE SYSTEM
Date of Admission

Name of Bank and Location

Capital and
Surplus

April 21, 1941_______ Elk Horn Bank & Trust Company------------- $200,000.00
Arkadelphia
April 15, 1953_______ The Citizens Bank_________________________ 150,000.00
Batesville
August 23, 1918_____ Farmers Bank & Trust Company---------------- 900,000.00
Blytheville
May 10, 1944________ Bank of Brinkley_________________________ 150,000.00
Brinkley
April 28, 1941_______ The Merchants & Planters Bank___________ 150,000.00
Camden
September 11, 1942-----The Exchange Bank & Trust Company------- 200,000.00
El Dorado
January 7, 1944_____ Mcllroy Bank--------------------------------------------- 250,000.00
Fayetteville
September 22, 1933___ Fordyce Bank & Trust Company---------------- 200,000.00
Fordyce
September 25, 1942___ Arkansas Trust Company_________________ 800,000.00
Hot Springs
July 26, 1945'------------- Peoples Bank & Trust Company___________ 105,000.00
Lewisville
March 20, 1919------------Worthen Bank & Trust Company-------------2,000,000.00
Little Rock
September 20,1944___ Farmers & Merchants Bank______________ 125,000.00
Marianna
July 21, 1920------------- The Bank of Russellville__________________ 120,000.00
Russellville
August 23, 1923---------Peoples Exhange Bank_____________________ 120,000.00
Russellville
June 9, 1942---------------Grant County Bank_______________________ 100,000.00
Sheridan
April 11, 1944------------Smackover State Bank_____________________ 125,000.00
Smackover
May 20, 1921_________Bank of Waldron__________________________ 125,000.00
Waldron
COMMERCIAL BANKS—NON MEMBERS FEDERAL DEPOSIT
INSURANCE CORPORATION
Name

Location

Farmers & Merchants Bank_______________________ Des Arc
Portland Bank____________________________________ Portland
Band of Sidney_____________________________________ Sidney
TRUST COMPANIES NOT ENGAGED IN COMMERCIAL BANKING AND
NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION
Name

Location

Arkansas Valley Trust Company______ :_________Fort Smith
Guaranty Loan & Trust Company______________ :___vHelena
Metropolitan Trust Company___________________Little Rock




State of Arkansas: Bank Department

20

STATE BANKS OPERATING TELLER’S WINDOWS

Name of Bank

Location

Location
Teller’s
Window

Bald Knob
.Benton
DeWitt
Earle
Forrest City
.Forrest City
.Horatio
.Greenwood
.McGehee
.Monette
.Murfreesboro
.Osceola
Osceola
.Paragould
.Plainview
.Searcy
.Siloam Spgs.
.Tuckerman
.Warren
.Wilson

White
Bradford
Saline
Bauxite
Arkansas
Gillett
Crawfordsville Crittenden
Cotton Plant Woodruff
De Vails BluffPrairie
Howard
Dierks
Sebastian
Hartford
Arkansas CityDesha
Craighead
Caraway
Mineral Spgs. Howard
Mississippi
Joiner
Mississippi
Lujxora
Greene
Marmaduke
Yell
Ola
White
McRae
Benton
Gentry
Jackson
Swifton
Bradley
Hermitage
Mississippi
Keiser

County

NATIONAL BANKS OPERATING TELLER’S WINDOWS
First National Bank______________ Fort Smith
State National Bank_____________Texarkana

Camp Chaffee Sebastian
Foreman
Little River

NEW BANKS CHARTERED
July 1, 1953 to June 30, 1954
Name, Location and Date

Capital

The Union Bank of Benton, Benton,
Saline County January 11, 1954____ .__$100,000.00
Decatur State Bank, Decatur,
Benton County, May 27, 1954 _
___
40,000.00

Surplus

Charter
Number

$50,000.00

706

•20,000.00

707

AMENDMENTS ALTERING CAPITAL STRUCTURE
July 1, 1953 to June 30, 1954
1. Citizens State Bank, Bald Knob, increased capital from $25,000.00
to $50,000.00 by the declaration of a 100% stock dividend.
2. Benton State Bank, Benton, increased capital from $200,000.00 to
$250,000.00 by the sale of $50,000.00 par value of new stock.
3. Bank of Bentonville, Bentonville, increased capital from $60,000.00 to
$70,000.00 by the declaration of a 16 2/3% stock dividend.
4. The Merchants and Planters Bank, Clarendon, increased capital from
$50,000.00 to $100,000.00 by the declaration of a 100% stock dividend.
5. The Corning Bank, Corning, increased capital from $50,000.00 to
$100,000.00 by the declaration of a 100% stock dividend.
6. The First Bank, Griffithville, increased common stock from $13,000.00
to $20,000.00 by the declaration of a $7,000.00 stock dividend and retired
$2,000.00 par value of preferred stock owned by the Reconstruction Finance
Corporation, leaving the total capital at $20,000.00 all of which is common
stock.



21

Fortieth Report

7. Farmers Bank, Hamburg, increased capital from $25,000.00 to $50,000.00 by the declaration o f a 100% stock dividend.
8. The Security Bank, Harrison, increased capital from $100,000.00 to
$125,000.00 by the sale of $25,000.00 par value of new stock and to $150,000.00
by the declaration of a 20% stock dividend.
9. Arkansas Trust Company, Hot Springs, increased capital from $300,000.00 to $400,000.00 by the declaration of a 33 1/3% stock dividend.
10.
McGehee Bank, McGehee, increased capital from $150,000.00 to $200,000.00 by the declaration of a 33 1/3% stock dividend.
11.
Bank of Nettleton, Nettleton, increased capital from $40,000.00 to
$80,000.00 by the declaration of a 100% stock dividend.
12. Bank of New Edinburg, New Edinburg, increased capital from $12,500.00 to $25,000.00 by the declaration of a 100% stock dividend.
13. The Searcy Bank, Searcy, increased capital from $100,000.00 to
$150,000.00 by the declaration of a 50% stock dividend.
14. Bank of Tuckerman, Tuckerman, increased capital from $25,000.00 to
$35,000.00 by the declaration of a 40% stock dividend.
AMENDMENTS CHANGING NUMBER OF DIRECTORS
July 1, 1953 to June 30, 1954
Name

Location

From

Bank of Tuckerman__________________ Tuckerman___________5
Bank of Mountain View______________Mountain View______ 5
Merchants and Farmers Bank_________ Dumas_______________7

To
5 to 9
4
to
157 to13

THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS tfo TOTAL
LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND
TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0%
THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE
Name of Bank

Location

Bank of Amity_____________ __— Amity __________
Merchants and Planters Bank & Tr. Co. Arkadelphia
Bank of Ash Flat____________________ Ash F la t ------Bank of Atkins______________________ Atkins ______
The Bank of Augusta________________ Augusta -----The Citizens Bank____________________ Batesville ___
Citizens Bank__________________________ Beebe ______
Benton State Bank____________________ Benton ______
The Union Bank of Benton____________ Benton -------Bank of Blevins______________________ Blevins _____
Farmers' Bank and Trust Company___ Blytheville __
The Bank of Bradley__________________ Bradley _____
Bank of Cabot---------------------------------------- Cabot ______
Ameiican State Bank________________C h arleston __
Bank of Cherry Valley________________Cherry Valley
Bank of Chidester____________________ Chidester____
The Merchants and Planters Bank_____ C larendon___
Clinton State Bank___________________ Clinton _____
Danville State Bank__________________ Danville ____
Bank of Delight---------------------------------- Delight _____
Dermott State Bank___________________ Dermott ____
Farmers and Merchants Bank_________Des A r c ____
Bank of Dover________________________ Dover ______
Merchants and Farmers Bank________ D u m a s______
Earle State Bank____________________ Earle _______
The Delta State Bank__________________ Elaine ______
Bank of England____________________ England ____



Percentage
10.4
11.1
13.9.
10.5
13.3
10.3
14.3
9.0
27.0
16.7
12.4
11.5
11.2
12.9
13.2
9.4
10.9
9.2
11.0
10.6
9.1
16.6
13.6
10.1
11.1
13.0
11.6

22

State of Arkansas: Bank Department

THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS TO TOTAL
LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND
TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0%
THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE
Name of Bank
Location
The Citizens Bank____________________ England _______
The Eudora Bank____________________ E udora__________
Bank of Evening Shade________________ Evening Shade _
The Bank of Franklin________________ Franklin _______
Bank of Glenwood____________________ Glenwood ______
Clark County Bank----------------------------- Gurdon ________
Farmers Bank-------------------------------------Hamburg 1_______
Calhoun County Bank--------------------------H am pton_______
The Bank of Harrisburg--------------------- Harrisburg _____
Prairie County Bank__________________ Hazen _________
The Cleburne County Bank------------------ Heber Springs _
Valley Bank_________________________ Hindsville ______
Bank of Holly Grove__________________ Holly G ro v e ____
Newton County Bank__________________ Jasper __________
Farmers and Merchants Bank__________Judsonia _______
Union State Bank-------------------------------Junction C it y ___
Bank of Kingston-------------------------------Kingston _______
Farmers State Bank-------------------------- Lake C i t y _______
Bank of Lake Village-------------------------Lake Village ___
Citizens Bank of Lavaca______________ L a v a ca _________
Leachville State Bank_________________ Leachville ______
Little River Bank____________________ Lepanto ________
Leslie State Bank____________________ Leslie __________
Bank of Lincoln______________________ Lincoln _________
Bank of Lockesburg__________________ Lockesburg_____
Peoples Bank_________________________ Mammoth Spring
Merchants and Planters Bank--------------- Manila _________
Bank of Mansfield____________________ Mansfield ______
Farmers and Merchants Bank--------------- Marianna_______
Citizens Bank________________________ M a rion __________
Marked Tree Bank____________________ Marked T r e e ___
Bank of Marvell ____________________ Marvell ________
McGehee Bank_______________________ McGehee _______
The Bank of Melbourne________________ Melbourne______
Commercial Loan and Trust Company_Monticello ______
Union Bank and Trust Company_____ Monticello ______
The Bank of Montgomery County______Mount I d a ______
Bank of Mountain View______________ Mountain View
Bank of Mulberry____________________ M ulberry_______
Bank of Nettleton____________________ N ettleton_______
Bank of New Edinburg_______________ New Edinburg
Merchants and Planters Bank__________ Newport _______
Mississppi County Bank______________ Osceola ________
The Planters Bank____________________ Osceola _________
The Security Bank & Trust Company. JParagould ______
Bank of Parkdale____________________ Parkdale _______
First State Bank---------------- ,--------------- Parkin __________
Bank of Pea Ridge____________________ Pea R id g e ______
The Perry County Bank______________ Perryville ______
Piggott, State Bank___________________ Figgott ________
First State Bank_____________________Plainview _______
The Peoples Bank____________________ Portland ________
Portland Bank_______________________ Portland ________
Citizens Bank------------------------------------- Pottsville _______
The Farmers and Merchants Bank______Prairie G rov e ___
Bank of Quitman---------------------------------Quitman ________



Percentage
_
13.0
_
11.7
_
11.3
_
14.4
9.0
9.5
_
10.8
_
13.9
9.6
9.7
_
13.2
.
12.4
9.9
_
10.3
_
13.0
_
11.4
9.4
_

10.6

_

11.1
9.2
11.8
16.1
9.9
10.9
11.9
9.1
16.0
10.3
12.7
9.4

_
_
_
_
_
_
_
.

10.2

_

13.8
9.6
9.7
12.1
13.6
9.6
12.6
11.5
/12.4
11.4
9.1
11.8
9.4

_
.
.

_
_
.
_
.

10.1

.
.
.

12.3
12.9
17.5

.
.

10.2
12.0

_
.
.
.

14.1
13.6
14.9
14.6

.
.

11.0
12.0

Fortieth Report

23

THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS TO TOTAL
LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND
TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0%
THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE
Name of Bank
The Bank of Rector_____________
The Bank of Rison______________
The Bank of Russellville________
Bank of Salem___________________
The Bank of Rison______________
The Bank of Russellville________
Bank of Salem__________________
Logan County Bank_____________
The Searcy Bank_______________
Security Bank___________________
Grant County Bank_____________
Smackover State Bank__________
Citizens Bank___________________
Bodcaw Bank___________________
Bank of Star City______________
Citizens Bank___________________
Citizens Bank___________________
Bank of Trumann______________
Tyronza Bank___________________
Citizens Bank and Trust Company.
Warren Bank____________________
Bank of West Memphis_________
Rice Growers Bank_____________
Wilmot State Bank_____________
Bank of Wilson_________________
Cross County Bank____________
The Bank of Yellville___________




Location
Percentage
11.5
.Rector __________________
_ _
14.0
.Rison ______ __
.Russellville___
__
10.7
.Salem ______
__ __
10.8
.Rison ____________ ______
14.0
10.7
.Russellville _______ _______
_
10.8
.Salem ------------ ------Scranton
_
__._ _ _
11.5
___
10.2
.S e a r c y ___________.
_
11.6
.Searcy ____
__.
.Sh eridan____
_
14.6
9.4
. Smackover ______________
_
15.8
.Smithville _ ______
.Stamps
_ _ __ _____
16.2
.Star City — _ — ______
15.2
14.2
Strong
18.4
.T illa r ____ _____ _______
9.5
.Trum ann________- ______
______
14.9
.Tyronza - ___ —
10.1
.Van B u ren ___ __________
.W a rre n __
_ ________
10.7
.West Memphis____
9.7
.W heatley__________
__
14.0
.Wilmot ____^
___
10.8
.Wilson ----- ------------ ______
20.2
.W yn n e___ ______________
11.5
.Yellville
---------- --- ______
11.0




25

Fortieth Report

FORTIETH REPORT
of

STATEMENT OF ARKANSAS BANKS
AND TRUST COMPANIES
AS SHOWN BY THE CALL OF JUNE 30, 1954
Cities and towns alphabetically arranged by postoffices
Population shown is that given by the 17th census of the United States 1950
COMMERCIAL BANK AT ALMA, ALMA
Population 1,228.

Crawford County

Chartered January 31, 1910. Telephone Number 3441. Transit Number 81-272
Officers
W. E. Byars______________ President
J. Fred Alexander_Ex. Vice President
Reves L. Bolling_____________ Cashier
Margaret Adams_______Asst. Cashier

Directors
J. Fred Alexander
W. H. Cole
Reves L. Bolling
T. H. Kibler
E. Bradley
C. R. Starbird
W. E. Byars

STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts------- $ 321,827.00 Capital stock___________ $ 25,000.00
U. S. Gov’t obligations__
621,000.00 Surplus fund____________
25,000.00
Other bonds and securities
58,337.24 Undivided profits_______
48,678.22
469.23
Furniture and fixtures__
2.000. 00
Reserves________
5.000. 00
Total capital
Banking house__________
accounts_$ 99,147.45
Cash and due from banks 396,148.36
578.89
____________
Other resources-------------Demand deposits________ 1,178,227.30
Time deposits___________
5,945.23
U. S. Gov’t deposits_____
5,641.11
Public fu n d s ___________
115,930.40
Total dep.__$1,305,744.04 f
Total




$1,404,891.49

Total

$1,404,891.49

State of Arkansas: Bank Department

26

BANK OF AMITY, AMITY
Population 591. Clark County
Chartered November 30, 1905 Telephone Number 13. Transit Number 81-287
Officers
Directors
G. W. Tolleson_________ _-President
Lyn Maxey
G. W. Tolleson
W. H. Olds_________ Vice President
Cleda Olds
Ed Yeargan
Cleda Olds___________:_______ Cashier W. H. Olds
Peggy Ann Thomasson_Asst. Cashier
STATEMENT OF JUNE 30. 1954
Liabilities
Resources
Loans and discounts____ $ 595,426.38 Capital stock____________ $ 50,000.00
50,000.00
Overdrafts_____________
68.12 Surplus fund___________
98,281.56
U. S. Gov’t obligations__
515,493.75 Undivided profits_______
7,000.00
Other bonds and securities 419,797.47 Reserves_______________
Furniture and fixtures__
3,024.69 Total capital
accounts_$ 205,281.56
Banking house__________
1.00
Cash and due from banks 429,966.90
Other resources________
872.68 Demand deposits________ 1,137,163.81
Time deposits___________
535,777.73
U. S. Gov’t deposits_____
8,517.36
Public funds____________
77,910.53
Total d e p ._ 1,759,369.43
T o ta l___ •______________ $1,964,650.99

Total

$1,964,650.99

ELK HORN BANK AND TRUST COMPANY, ARKADELPHIA
Population 6,819. Clark County
Chartered September 28, 1903. Telepone Number 7. Transit Number 81-133
Officers
Directors
J. >H. Lookadoo------------------ President John N. Francis
A. C. Stone
A. C. Stone---------Exec. Vice President Clarence Hardin
J. P. Sturgis
A. J. Vestal--------------- Vice President W. P. Jones, Jr.
W. L. Stover
A. J. Vestal
Clarence Hardin______ Vice President C. C. Lookadoo
J. B. Wingfield-----------Vice President G. W. Lookadoo
J. B. Wingfield
C. C. Lookadoo________Vice President J. H. Lookadoo
W. P. Jones, Jr---------------------- Cashier
W. L. Stover_________ Asst. Cashier
Roy N. Shope_________ Asst. Cashier
STATEMENT OF JUNE 30. 1954
Resources
Liabilities
Loans and discounts___ $1,982,155.78
Capital s t o c k __________ $ 100,000.00
Overdrafts ____________
217.26 Surplus f u n d __________
100,000.00
U. S. Gov’t obligations_ 1,131,789.06 Undivided p r o fit s ______ 100,905.79
Other bonds and securities 273,647.00 Reserves ______________
25,126.03
Furniture and fixtures_
10,035.00 Total capital
Banking house ________
15,000.00
accountsL_$ 326,031.82
Cash and due from banks 944,925.93
Demand deposits _______ 2,193,717.58
Time deposits__________ 1,517,494.58
U. S. Gov’t deposits___
29,979.11
Public funds __________ 290,546.94 .
Total dep. __ 4,031,738.21
Total



$4,357,770.03

Total

$4,357,770.03

27

Fortieth Report

MERCHANTS AND PLANTERS BANK AND TRUST COMPANY,
ARKADELPHIA
Population 6,819.
Chartered June 15, 1911.

Clark County

Telephone Number 291.

Officers
James C. Hobgood_________ President
Jett Black___ Vice Pres, and Cashier
Lottie Sue Watson____ Asst. Cashier

Transit Number 81-469

Jett Black
Charles Clark
J. H. Crawford
H. G. Elms
Roy F. Golden

Directors
James C. Hobgood
J. W. Hutchison
D. W. McMillan
H. T. Ross
Ralph Williams

STATEMENT OF JUNE 30. 1954
Resources
Loans and discounts_____$
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtures__
Banking house__________
Other real estate________
Cash and due from banks
Other resources_________

Total

941,977.10
359,500.00
370,699.41
2,500.00
11,000.00
1.00
383,219.17
1.00

$2,068,897.68

Liabilities
Capital stock____________ $ 100,000.00
Surplus fund___________
80,000.00
Undivided profits_______
46,505.06
Reserves ______________
2,916.03
Total capital
accounts_$ 229,421.09
Demand deposits________ 1,145,462.36
457,987.94
Time deposits___________
U. S. Gov’t deposits_____
22,237.43
Public fu n d s ___________
213,788.86
Total dep. __$1,839,476.59
Total

$2,068,897.68

BANK OF ASH FLAT, ASH FLAT
Population 265.

Sharp County

Chartered February 20, 1912. Telephone Number 3642 Transit Number 81-499
Officers
Odus Carpenter------------------ President
Horace Martin,_______ Vice President
Odessa Estes___________ Asst. Cashier

Directors
Odus Carpenter
Horace Martin
Willene B. Justus
E. E. Causbie
V. McJunkins

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
U. S. Gov’t obligations_
Furniture and fixtu res_
Banking house ________
Cash and due from banks

112,166.57
200,000.00
1.00
1.00
116,373.13

Liabilities
Capital s t o c k __________ $
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$
59,448.21
Demand deposits ______
Time deposits__________
Public funds __________
Total dep. __$ 369,093.49

Total



.$ 428,541.70

Total

20,000 00
20,000.00

19,448.21

333,502.48
22,986.11
12,604.90

.$ 428,541.70

28

State of Arkansas: Bank Department

BANK OF ATKINS, ATKINS
Population 1,291.

Pope County

Chartered September 19,1895. Telephone Number 136. Transit Number 81-215
Officers
J. M. Barker___ ____
-President
J. M. Barker, Jr.
_ -Vice President
C. A. Barker___ _
_ -Cashier

Directors
C. A. Barker
J. M. Barker
J. M. Barker, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans asd discounts___ $ 167,458.45
Overdrafts _____ _ _
124.30
U. S. Gov’t obligations_ 485,000.00
8,397.90
Other bonds and securities
Furniture and fixtures_
2,376.09
1,673.07
Banking house - ___
Cash and due from banks 236,612.03

Total

______ —

___$ 901,641.84

Liabilities
Capital stock _______ __ $
Surplus f u n d _ __ ___
Undivided profits
Total capital
accounts_$ 94,518.82
Demand d e p o s its___
U. S. Gov’t deposits___
Public funds _
Total d e p ._$ 807,123.02
Total

__________

30,000 00
15,000.00
49,518.82

707,663.86
4,146.24
95,312.92

$ 901,641.84

THE BANK OF AUGUSTA, AUGUSTA
Population 2,317.
Chartered February 20, 1935.

Woodruff County

Telephone Number 1.

Officers
Geo. L. Beard_____________President
R. E. Gregory------------Vice President
W. T. Mills, Jr_____________ Cashier
Kennady Sale__________Asst. Cashier

Transit Number 81-718

Directors
Geo. L. Beard
J. Ford Smith
R. E. Gregory
C. R. Stacy
R. J. Haralson
John H. Stanley
W. T. Mills, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 961,578.51
Overdrafts ____________
1,125.59
U. S. Gov’t obligations_
50,000.00
Other bonds and securities 338,646.86
Furniture and fixtu res_
4,000.00
Banking house ________
2,160.00
Cash and due from banks 415,607.42
Other resources________
120 91

Liabilities
Capital s t o c k __________$ 75,000.00
Surplus fund __________
50,000.00
Undivided p r o fit s ______ 102,933.08
Total capital
accounts_$ 227,933.08
Demand deposits ______ 1,272,545.45
Time deposits__________
126,865.83
U. S. Gov’t deposits___
8,635.44
Public funds __________
125,903.86
Total d e p ._$1,533,950.58
Other liabilities________

Total



$1,773,239.29

Total

11,355.63
$1,773,239.29

29

Fortieth Report

CITIZENS STATE BANK, BALD KNOB
Population 2,022.
Chartered January 22, 1931.

White County

Telephone Number 14.

Officers
E. D. Williams_President & Cashier
T. W. Leggett_______ Vice President
H. A. Whitley______ Vice President
Thos. L. Jameson_____ Asst. Cashier
Mildred N. Hall_______ Asst. Cashier

Transit Number 81-673

Directors
W. H. Collison
H. A. Whitley
Jennings Leggett
E. D. Williams

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $ 176,838.44
Capital s t o c k __________ !
U. S. Gov’t obligations_ 1,037,700.00 Surplus fund __________
Other bonds and securities
38,145.75 Undivided p r o fit s ______
1,000.00 Reserves ______________
Furniture and fixtu res_
Banking house ________
7,000.00 Total capital
Cash and due from banks 336,824.85
accounts_$ 142,339.87

50.000. 00
50.000. 00
22,339.87
20.000. 00

Demand deposits_______ 1,202,220.97
U. S. Gov’t deposits___
21,793.83
Public funds____________
207,746.37
Deposits of ban k s______
23,408.00
Total dep. __$1,455,169.17
Total

_______________ $1,597,509.04

Total

$1,597,509.04

THE CITIZENS BANK, BATESVILLE
Population 6,414. Independence County
Chartered February 19, 1953. Telephone Number 1412. Transit Number 81-773
Officers
Directors
E. C. Rider_____ Chairman of Board
S. M. Bone
J. K. Southerland
F. M. Holt
F. M. Holt________________ President
N. K. Sims
John Moody
S. M. Bone___________ Vice President
Eagle Street
Manuel A. Conyers___________ Cashier
E. C. Rider
Marean Pearson_______Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 779,045.35 Capital s t o c k __________ !
U. S. Gov’t obligations __ 180,512.50 Surplus f u n d --------------Other bonds and securities
9,535.69 Undivided p r o fits ______
Furniture and fixtu res_
22,989.62 Total capital
Banking house ________
56,141.97
accounts—$ 166,572.58
Cash and due from banks 592,162.01
— ;--------------Other resources________
28.13 Demand deposits---------Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Deposits of ban k s______
Total dep. ..$1,473,842.69
Total

________________ $1,640,415.27




Total

100, 000.00

50,000.00
16,572.58

837,526.27
157,961.68
12,796.61
280,471.65
185.086.48

$1,640,415.27

30

State of Arkansas: Bank Department

THE CITIZENS BANK, BEARDEN
Population 1,300.
Chartered June 7, 1945.

Ouachita County

Telephone Number 129.

Officers
Garland Anthony_________ President
R. W. Launius________Vice President
Hugh Thompson_____________Cashier
T. E. Evans____________ Asst. Cashier

Transit Number 81-749

Directors
Edwin Anthony
R. W. Launius
Garland Anthony
Horace Looney
J. W. Gossett
Hugh Thompson

STATEMENT OF JUNE 30. 1954
Resources
Loans and discounts___ $
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Cash and due from banks
Other resources________

174,893.70
44.91
320,172.50
103,263.68
3,847.19
238,206.72
41.39

Total _______________ $ 840,470.09

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$
71,909.59

25,000.00
30,000.00
16,909.59

Demand deposits ______
U. S. Gov’t deposits___
Public fu n d s ___________
Total d e p ._$ 768,560.50

688,623.43
7,987.50
71,949.57

Total _______________ $ 840,470.09

CITIZENS BANK, BEEBE
Population 1,192.
Chartered June 21, 1917.

White County

Telephone Number 55.

Officers
E. H. Abington^___________ President
J. R. Sloan__________Vice President
T. E. Abington______________ Cashier

Transit Number 81-588

Directors
Catherine C. Abington
E. H. Abington
Frank Garrison
T. E. Abington
I. N. Kelley
H. M. Dodds
J. R. Sloan

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
Overdrafts ____________
U. S. Gov’t obligations —
Furniture and fixtu res_
Banking h o u s e ___ _____
Other real esta te_______
Cash and due from banks
Other resources________

Total



366,519.97
94.72
99,774.50
1.00
1.00
532.00
180,241.24
285.70

.$ 647,450.13

Liabilities
Capital s t o c k __________ $ 25,000.00
Surplus f u n d __________
5,000.00
Undivided p r o fit s ______
12,526.88
Reserves ______________
50,000.00
Total capital
accounts_$ 92,526.88
------------------Demand deposits ______
532,133.57
Public fu n d s ___________
22,789.68
Total d e p ._$ 554,923.25
Total

.$ 647,450.13

31

Fortieth Report

BENTON STATE BANK, BENTON
Population 6,277. Saline County
Chartered February 9, 1934. Tel. No. SPring 8-2591. Transit Number 81-711
Officers
Directors
W. R. Alsobrook__________ President
H. B. Alsobrook
W. A. Springer
D. J. Stirman
W, A. Springer______ Vice President
W. R. Alsobrook
Paul VonAllmen
Paul VonAllmen_____ Vice President
C. E. Fish
T. B. Lyle__________________ Cashier
H. J. Gingles
L. B. White
T. B. Lyle
Carl Wright___________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts____ $1,676,676.83 Capital stock____________ $ 250,000.00
250,000.00
U. S. Gov’t, obligations_ 2,499,166.63 Surplus fund____________
41,355.35
Other bonds and securities 742,264.41 Undivided profits_______
2,091.75
Furniture and fixtures_
40,274.47 Reserves_______________
Banking house__________
5,607.02 Total capital
accounts_ 543,447.10
Cash and due from banks 1,096,883.82
Other resources_________
227.24
Demand deposits________ 3,237,111.11
Time deposits___________ 1,365,060.70
U. S. Gov’t deposits_____
12,992.04
Public funds____________
826,929.61
34,500.00
Deposits of banks_______
Total d e p ._$5,476,593.46
Other liabilities_________
41,059.86
T o ta l__________________ $6,061,100.42

T o ta l___________ „ ______ $6,061,100.42

THE UNION BANK OF BENTON, BENTON
Population 6,277. Saline County
Chartered January 11, 1954
Transit Number 81-774
Telephone Number SPring 8-4111
Officers
Directors
J. W. Lewellen____________ President Henry Brown
Wade Mallett
T. H. Duke__________Vice President T. H. Duke
I. E. McCray, Sr.
& Cashier J. W. Lewellen Henry Finkbeiner
Ralph Neaville________Asst. Cashier
STATEMENT OF
Resources
Loans and discounts___ ! 125,089 52
27,000.00
Other bonds and securities
Furniture and fixtures_
13,472.89
Cash and due from bank 418,223.14
5,770.54
Other resources________

Total



.$ 589,556.09

JUNE 30, 1954
Liabilities
Capital s t o c k __________!
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$ 158,870,56

100,000.00
50,000.00
8,870.56

Demand deposits_______
Time deposits__________
U. S. Gov’t deposits____
Public funds __________
Total d e p ._$ 430,685.53

347,311.84
57,417.44
956.25
25,000.00

Total

.$ 589,556.09

32

State of Arkansas: Bank Department

BANK OF BENTONVILLE, BENTONVILLE
Population 2,942.

Benton County

Chartered February 25, 1931. Telephone Number 149. Transit Number 81-701
Officers
John D. Wright____________President
Paul Hall_____________ Vice President
Orie Lee Craig________ Asst. Cashier
Rex W. Bair__________ Asst. Cashier
Martha Ann Mason____ Asst. Cashier
Jack D. Wright_______ Asst. Cashier

W. H. Enfield
Melvin Hall
Paul Hall

Directors
Jack Webster
John D. Wright

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Capital stock __________ $ 70,000.00
Loans and discounts___ $ 716,599.26
U. S. Gov’t obligations_ 1,436,141.88 Surplus f u n d __________
70,000.00
Other bonds and securities 170,218.51 Undivided p r o fit s ______
60,000.00
17,613.70 Reserves ______________
Furniture and fixtures_
1,822.55
Banking house ________
5,500.00 Total capital
accounts_$ 201,822.55
Cash and due from banks 663,341.79
Other resources________
1,661.45
Demand deposits_______ 1,995,892.93
Time deposits__________
467,056.66
U. S. Gov’t deposits___
27,331.65
Public funds __________
318,972.80
Total d e p ._$2,809,254 04
Total

$3,011,076.59

Total

$3,011,076.59

BANK OF BLEVINS, BLEVINS
Population 271.

Hempstead County

Chartered August 12, 1912. Telephone Number 2274. Transit Number 81-518
Officers
Directors
H. M. Stephens____________ President H. M. Stephens
P. C. Stephens
Herbert M. Stephens_Vice President Herbert M. Stephens
P. C. Stephens______________ Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $ 111,932.73 Capital stock____________ !
U. S. Gov’t obligations_
90.850.00 Surplus fund____________
Other bonds and securities
21.966.00 Undivided profits_______
Furniture and fixtures__
932.00 Reserves_______________
Banking house__________
100.00 Total capital
Cash and due from banks 126,238.49
accounts_$
58,840.21
Demand deposits________
Time deposits___________
U. S. Gov’t deposits_____
Public funds_________
Total dep___
293,179.01
Total



$ 352,019.22

Total

25.000. 00
25.000. 00
5,945.66
2,894.55

251,053.94
17,669.00
5,131.25
19,324.82

$ 352,019.22

33

Fortieth Report

FARMERS BANK AND TRUST COMPANY, BLYTHEVILLE
Population 16,234.

Mississippi County

Chartered March 16, 1908. Telephone No. POplar 3-8101. Transit No. 81-105
Officers
Directors
B. A. Lynch______________ President
J. L. Cherry
R. A. Porter
R. A. Porter_________ Vice President
C. A. Cunningham
B. S. Simmons
F. E. Warren________ Vice President
F. E. Warren
I. R. Johnson
R. L. Banister_______________ Cashier
L. H. Welch
Chas. C. Langston
B. A. Lynch
L. A. Crowe___________ Asst. Cashier
H. N. Whitis__________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $5,355,724.74
Capital stock _________$ 200,000.00
Overdrafts ____________
1,807.15 Surplus f u n d __________
700,000.00
U. S. Gov’t oligations__ 1,658,625.00 Undivided p r o fit s _____
144,122.81
Other bonds and securities 203,000.00 Reserves ______________
34,818.22
Furniture and fixtures_
21,420.00 Total capital
accounts_$1,078,941.03
Banking h ou se_________
50,000.00
Cash and due from banks 1,375,212.93
Other resources________
41,401.62 Demand deposits ______ 5,705,494.59
Time deposits__________ 1,457,722.70
U. S. Gov’t deposits___
66,308.62
Public funds __________ 285,648.83
Deposits of b a n k s _____
89,093.08
Total d e p ._$7,604,267.82
Other liabilities________
Total _______________ $8,707,191.44

23,982.59

Total _______________ $8,707,191.44

CITIZENS BANK, BOONEVILLE
Population 2,433. Logan County
Chartered April 18, 1910. Telephone Number 274. Transit Number 81-195
Officers
Directors
Long John Williams_Pres. & Cashier George R. Edwards Abe Williams
Abe Williams_________Vice President Mattie Edwards
Long J. Williams
Paul X. Williams
George R. Edwards----- Asst, Cashier Ruth E. Lantrip
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 355,295.19
Capital s t o c k __________ $ 50,000.00
Overdrafts ____________
5,186.15 Surplus f u n d __________
50,000.00
U. S. Gov’t obligations_ 1,136,000.00 Undivided p r o fit s ___ _
74,345.09
Furniture and fixtures_
1.00 Total capital
accounts_$ 174,345.09
Banking house -----------1.00
Other real e s ta te ______
5.00
Cash and due from banks 497,588.02 Demand deposits ______ 1,637,328.61
U. S. Gov’t deposits___
3,221.43
Public funds __________
179,181.23
Total dep. __$1,819,731.27
Total



$1,994,076.36

Total

$1,994,076.36

34

State of Arkansas: Bank Department

THE BANK OF BRADLEY, BRADLEY
Population 444.
Chartered April 10, 1933.

Lafayette County

Telephone Number 2351.

Officers
J. B. Edwards____________ President
Margaret R. Meek___ Vice President
J. W. Meek__________________ Cashier
J. W. Meek, Jr________ Asst. Cashier

J. B. Edwards
L. B. Hamner
J. W. Meek

Transit Number 81-513
Directors
Margaret R. Meek
W. T. Murphy, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ !
Overdrafts_____________
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtures__
Banking house__________
Other real estate________
Cash and due from banks

442,377.89
41.85
110,000.00
33,350.00
2,748.00
200.00
3.00
146,803.58

Liabilities
Capital stock____________ :
Surplus fund____________
Undivided profits_______
Total capital
accounts_$
84,665.75
------------------Demand deposits________
Public funds____________
Total dep._$ 650,858.57

Total

735,524.32

Total

25.000. 00
25.000. 00
34,665.75

535,305.92
115,552.65

735,524.32

BANK OF BRINKLEY, BRINKLEY
Population 4,173.
Chartered January 17, 1903.

Monroe County

Telephone Number 31.

Officers
W. W. Sharp----- ---------- -— President
Frank Andrews______ Vice President
John F. Cole---------- Active Vice Pres.
R. H. Midkiff_______________ Cashier
Joe J. Roberts_________ Asst. Cashier
J. H. Midkiff_________ Asst. Cashier

Transit Number 81-191

Directors
Frank Andrews
Albert Rusher
John F. Cole
W. W. Sharp
E. D. McKnight

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts — $1,208,319.14
Overdrafts ____________
2,094.49
U. S. Gov’t obligations_ 444,266.67
Other bonds and securities 164,000.16
Furniture and fixtures_
24,000.00
Banking h ou se-------------38,250.00
Other real e s ta te ______
1.00
Cash and due from banks 778,563.58
Other resources ____ •_
1,000.00

Total



$2,660,494.90

Liabilities
Capital stock ------------- $ 50,000.00
Surplus fund --------------100,000.00
Undivided profits ______
53,225.62
1,000.00
Reserves --------------------Total capital
accounts_$ 204,225.62
Demand deposits ______ 1,924,624.40
Time d eposits_________' 373,245.08
U. S. Gov’t deposits__
22,681.82
Public funds --------------135,718.07
Total dep. __$2,456,260.37
Total

.$2,660,494.9*9

35

Fortieth Report

BANK OF CABOT, CABOT
Population 1,147.
Chartered March 23, 1903.
Jake
Fred
Mrs.
Mrs.

Lonoke County

Telephone Number 19.

Officers
W. Lowman___ President
B. Garlington____ Vice President
Marvin Park___________ Cashier
Cecil T. Owen_Asst. Cashier

Transit Number 81-304

Directors
J. C. Alexander
Mrs. Marvin Park
W. T. Barnwell
Lewis T. See
Fred B. Garlington J. D. Wood
Jake W. Lowman

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 860,818.55
O v e rd ra fts
46.00
U. S. Gov’t obligations_ 393,489.00
44,600.80
Other bonds and securities
1.00
Furniture and fixtures__
25,000.00
Barking house ________
Other real estate
1.00
Cash and due from banks 392,565.31

Total _______________ $1,736,521.66

Liabilities
Capital stock
_ $
S u r p lu s fund
Undivided profits
Reserves
_
_ ____
Total capital
accounts.. $ 191,435.71

50,000.00
50,000.00
75,174.15
16,241.56

Demand deposits
1,183,178.32
Time deposits
235,508.31
U. S. Gov’t deposits___
29,670.76
Public funds,
76,658.56
Total dep. _-$1,525,105.95
Total _______________ $1,716,521.66

STATE BANK OF CALICO ROCK, CALICO ROCK
Population 963.
Chartered May 1, 1914.

Izard County

Telephone Number 4.

Officers
S. E. McNeill______________ President
Dr. Noel J. Copp_____ Vice President
E. C. Rodman_______________ Cashier
Mrs. Boyce Hicks______Asst. Cashier

Transit Number 81-305

Directors
Dr. Noel J. Copp
S. E. McNeill
L. E. Evans
E. C. Rodman

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 201,529.81
Overdrafts ____
2,094.29
U. S. Gov't obligations . _ 806,000.00
Other bonds and securities
9,700.00
Furniture and fixtures_
1.00
Banking house ________
1.00
Other real e s ta te ______
1,002.00
Cash and due from banks 391,089.72
Other resources________
1,361.00

Total



..$1,412,778.82

Liabilities
Capital s to c k __________$
Surplus f u n d __________
Undivided p r o fits ______
Total capital
accounts_$ 108,978.57

25,000.00
60,000.00
23,978.57

Demand deposits ______ 1,280,099.00
Time deposits__________
3,754.99
Public funds __________
19,946.26
Total dep. _-$1,303,800.25
Total

$1,412,778.82

36

State of Arkansas: Bank Department

THE MERCHANTS AND PLANTERS BANK, CAMDEN
Population 11,372.
Chartered March 4, 1931.
C.
H.
J.
E.
O.
P.

Ouachita County-

Telephone Number 6-2930.

Officers
I. Grayson______________President
T. Patton__________ Vice President
W. Coan_________________ Cashier
L. Harrison_________ Asst. Cashier
G. Burnham________ Asst. Cashier
W. Wooldridge______ Asst. Cashier

Transit Number 81-96

Directors
E. L. Harrison
Mike Berg
H. T. Patton
J. W. Coan
E. W. Copeland
John Watts
(C. S. Early
P. W. Wooldridge
C. I. Grayson

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,258,659.75
Capital s t o c k __________ $ 100,000.00
50,000.00
U. S. Gov’t obligations_ 1,393,500.00 Surplus f u n d ---------------Other bonds and securities 1,364,839.51 Undivided p r o fits ______
249,084.45
Furniture and fixtures __
1.00 Reserves ---------------------100,000.00
Cash and due from banks 1,947,667.15 Total capital
Other resources________
1.00
accounts—$ 499,084.45
Demand deposits_______4y394,826.46
Time deposits _________
679,852.02
61,143.31
U. S. Gov’t deposits___
Public funds __________
321,034.42
Deposits of ban k s______
8,727.75
Total dep. __$5,465,583.96
Total

$5,964,668.41

Total

$5,964,668.41

CITIZENS BANK, CARLISLE
Populatios 1,396. Lonoke County
Chartered December 22, 1930. Telephone Number 2111. Transit Number 81-689
Officers
F. E. Downs, Jr---------------- President
C. W. Harper________Vice President
J. L. Woosley_______________ Cashier
Mary Burnett__________ Asst. Cashier

A.
F.
A.
J.

Directors
W. Birdsong
Elmer L, Morris
E. Downs, Jr.
Fred M. Perkins
H. Hunt
Harry L. Perkins
M. Johnson

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts----- $ 559,630.72
Capital s t o c k __________ $ 50,000.00
U. S. Gov’t obligations_ 587,500.00 Surplus fu n d ----------------25,000.00
Other bonds and securities 172,218.50 Undivided p r o fit s ______
67,715.85
Furniture and fixtures —
6,058.60 Total capital
accounts__$ 142,715.85
Banking h o u se -------------16,500.00
Cash and due from banks 483,470.92
Other resources-----------44.52 Demand deposits ______ 1,325,297.83
U. S. Gov’t deposits___
19,866.34
Public funds __________
325,971.82
Total dep. _.$1,671,135.99
Other liabilities________
Total



$1,825,423.26

Total

11,571.42
$1,825,423.26

37

Fortieth Report

BANK OF CAVE CITY, CAVE CITY
Population 372.
Chartered July 2, 1906.

Sharp County

Telephone Number 5F11.

Officers
Eagle Street_______________ President
Mrs. J. M. Street_____Vice President
Carl D. Medlock_____________ Cashier
Nina Medlock__________Asst. Cashier

Transit Number 81-310

Directors
J. A. Carpenter
Eugene Street
C. L. Hoggard
Mrs. J. M. Street
Eagle Street

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 412,986.65 Capital s t o c k __________ $ 25,000.00
Overdrafts ____________
21.27 Surplus f u n d __________
25,000.00
U. S. Gov’t obligations_ 140,000.00 Undivided p r o fit s ______
11,357.73
Other bonds and securities
9,250.00 Total capital
1.000.00
accounts $
61,357.73
Furniture and fixtu res_
Banking house ________
4.000.
00
------------------Cash and due from banks 151,700.86 Demand deposits_______
543,490.01
Time deposits__________
64,731.69
7,381.25
U. S. Gov’t deposits___
Public funds __________
41,998.10
Total d ep ._$ 657,601.05
718,958.78

Total

.$ 718,958.78

Total

AMERICAN STATE BANK, CHARLESTON
Population 968.
Chartered June 29, 1910.

Franklin County

Telephone Number 14.

Officers
Clyde Hiatt_______________ President
B. H. McDonald_____Vice President
H. E. Shumate______________ Cashier
Theo M. Classen______Asst. Cashier

Transit Number 81-268

Directors
Clyde Hiatt
McLoud Sicard
B. H. McDonald
Sam B. Stevinson
H. E. Shumate

STATEMENT OF JUNE 30, 1954
Resources
Loans and dicounts___ $
Overdrafts ____________
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks
Other resources________

Total



638,847.58
2,088.35
334,750.00
160,656.03
1.00
1.00
329,796.64
1.00

$1,466,141.60

Liabilities
Capital s t o c k __________ $ 25,000.00
Surplus fund __________
50,000.00
Undivided p r o fit s ______ 114,104.55
Total capital
accounts_$ 189,104.55
Demand deposits ______ 1,048,925.83
Time deposits__________
126,448.00
U. S. Gov’t deposits___
13,291.68
Public funds __________
88,371.54
Total dep. _-$1,277,037.05
Total

$1,466,141.60

38

State of Arkansas: Bank Department

BANK OF CHERRY VALLEY, CHERRY VALLEY
Population 521.

Cross County

Chartered January 24, 1907. Telephone Number 2391. Transit Number 81-313
Officers
W. Maurice Smith_________ President
W. Maurice Smith, Jr. _Vice President
H. H. Beasley_Vice Pres. & Cashier
J. R. Cavin____________Asst. Cashier

Directors
H. H. Beasley H. P. Maddox
Millard Carter W. Maurice Smith
R. L. Ellis
W. Maurice Smith, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 308,724.65
267.32
O v e rd ra fts_
U. S. Gov’t obligations_ 280,000.00
Furniture and fixtures_
1,435.84
__ __
Banking house
1.00
Cash and due from banks 122,078.24
Other resources
222.35

Total __ ___

_$ 712,729.40

Liabilities
Capital stock
$
Surplus fund
Undivided profits
Total capital
accounts_$ 94,423.54
Demand deposits
U. S. Gov’t deposits___
Public funds
Total dep.__$ 618,305.86
Total _ _

25,000.00
25,000.00
44,423.54

560,826.23
4,420.00
53,059.63

$ 712,729.40

BANK OF CHIDESTER, CHIDESTER
Population 425.
Chartered April 29, 1909.

Ouachita Cour.ty

Telephone Number 103.

Officers
W. G. Rushing_____________ President
C. B. Clingan________ Vice President
Thos. H. Benton_____ Vice President
Mrs. Lee A. Purifoy__________ Cashier
Mrs. Mary G. Wylie____Asst. Cashier

Transit Number 81-314

Directors
Thos. H. "Benton
W. G. Rushing
C. B. Clingan
Beulah R. Taylor
Roy E. Hoileman
J. T. Walker
Beulah P. Mayne

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts___ $ 72,198.97
U. S. Gov’t obligations_ 206,000.00
13,880.70
Other bonds and securities
Furniture and fixtures__
200.00
800.00
Banking h o u s e _______
Other real estate
1.00
Cash and due from banks 100,705.81

Total

__

_________$ 393,786.48




Liabilities
Capital s t o c k __
_$
Surlpus f u n d ___ _____
Undivided profits
Total capital
accounts_$ 37,317.49

25,000.00
5,000.00
7,317.49

Demand deposits
Time deposits
U. S. Gov’t deposits____
Public funds
_
___
Total d e p ._$ 356,468.99

298,828.87
4,800.00
10,730.25
42,109.87

Total __ _____

__ $ 393,786.48

Fortieth Report

39

THE MERCHANTS AND PLANTERS BANK, CLARENDON
Population 2,547.
Chartered July 23, 1890.

Monroe County

Telephone Number 18.

Transit Nurfiber 81-164

Officers

Directors

S. J. Dean________________ President
W. H. Brown___ Vice Pres. & Cashier
Pat. V. McKa^________ Asst. Cashier

H. B. Bateman
W. H. Brown

S. J. Dean
Mrs. H. B. Robinson

STATEMENT OF JUNE 30, 1954
Liabilities

Resources

Loans and discounts___ $ 752,623.19
Overdrafts_____________
113.23
U. S. Gov’t obligations__
70,217.99
Other bonds and securities 372,294.08
Furniture and fixtures_
6,148.72
Cash and due from banks 396,982.75

Capital stock___________ $ 100,000.00
Surplus fund____________
50,000.00
Undivided profits_______
23,463.26
Reserves_______________
1,000.00
Total capital
accounts_S 174,463.26
Demand deposits________ 1,091,266.86
Time deposits___________
151,661.96
Public funds____________
165,987.88
Deposits of banks_______
15,000.00
Total dep.___$l,423,916.70

T o ta l__________________ $1,598,379.96

T ota l__________________ $1,598,379.96

CLINTON STATE BANK, CLINTON
Population 853.
Chartered October 16, 1946.

Van Buren County

Telephone Number 131.

Officers

Transit Number 81-758
Directors

Howard Johnson__________President
C. M. Horton__________Vice President
Garner M'. Johnson__________Cashier
Joe G. Fraser__________Asst. Cashier

Homer Brown
Howard Johnson
C. M. Horton
Roy Lefler
Garner M. Johnson Arthur Lewis

STATEMENT OF JUNE 30, 1954
Resources

Liabilities

Loans and discounts___ $
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks

530,247.25
654,000.00
182,921.97
5,000.00
7,000.00
285,718.13

Capital s t o c k __________$
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$ 152,639.61

50,000.00
25,000.00
77,639.61

Demand deposits ______ 1,415,652.51
U. S. Gov’t deposits___
18,423.35
Public funds __________
78,171.88
Total dep. __$1,512,247.74
Total



$1,664,887.35

Total

$1,664,887.35

40

State of Arkansas: Bank Department

FIRST STATE BANK, CONWAY
Population 8,610.
Chartered February 8, 1946.

Faulkner County

Telephone Number 390.

Officers
W. D. Ketcheside_________ President
Thos. G. Wilson_Exec. Vice President
Rogers C. Mopre____________ Cashier
Jane Thomas-!________ Asst. Cashier

Transit Number 81-754

Directors
James R. Edwards J. R. Ott
Edward A. Halter
Thos. G. Wilson
W. E. Jumper
W. D. Ketcheside

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,058,688.81
Capital s t o c k ______.___ $ 60,000.00
U. S. Gov’t obligations_ 1,118,725.92 Surplus f u n d __________
80,000.00
Other bonds and securities 310,992.15 Undivided p r o fits ______
67,618.32
Furniture and fixtures_
12,637.02 Reserves ______________
14,131.97
9,984.00 Total capital
Banking house ________
Other real e s ta te _____
1,954.66
accounts_$ 221,750.29
Cash and due from banks 627,443.77
Demand deposits ______ 2,070,506.98
Time deposits *_________ 397,911.55
U. S. Gov’t deposits___
71,329.20
Public funds __________
377,046.92
Deposits of ban k s______
1,881.39
Total dep. _-$2,918,676.04
Total _______________ $3,140,426.33

Total _______________ $3,140,426.33

THE CORNING BANK, CORNING
Population 2,045.

Clay County

Chartered January 29, 1931. Telephone No. UL 7-3261. Transit No. 81-211
Officers
Directors
Sam L. Manatt_____________ President
John O. Black
Sam L. Manatt
Mrs. Sam L. Manatt__ Vice President
L. G. Black
Sam L. Manatt, Jr.
Sam L. Manatt, Jr_________
M. G. Hoffman Mrs. Sam L. Manatt
Vice Pres, and Cashier F. B. Manatt
•
Edith Toalson__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts____ I ,205,287.32 Capital stock___________ $ 100,000.00
75,000.00
U. S. Gov’t obligations_ 715,267.03 Surplus fund____________
50,021.83
47,688.16 Undivided profits_______
Other bonds and securities
Furniture and fixtures_
1.00 Total capital
accounts_$ 225,021.83
Banking house__________
4,000.00
Cash and due from banks 904,414.61
Demand deposits________ 2,145,942.01
Time deposits___________
210,398.94
U. S. Gov’t deposits____
39,215.41
Public funds____________
256,079.93
Total dep___ $2,651,636.29
Total



$2,876,658.12

Total

$2,876,658.12

Fortieth Report

41

BANK OF CROSSETT, CROSSETT
Population 4,619. Ashley County
Chartered December 22, 1913. Telephone Number 52. Transit Number 81-321
Directors
Officers
J. C. Carpenter
William C. Norman
William C. Norman_______ President
Roy Dooley___________ Vice President
Roy Dooley
Sulo V. Sihvonen
J. Ben Posey________________ Cashier
J. T. Erwin
P. F. Watzek
C. E. Hannum__________Asst. Cashier
A. T. McDonough S. A. Wilcoxon
STATEMENT OF
Resources
Loans and discounts___ $ 648,422.32
Overdrafts ____________
29.00
U. S. Gov’t obligations_ 3,233,815.82
Other bonds and securities 278,329.55
Furniture and fixtu res_
20,131.89
Cash and due from banks 1,081,817.95
Other resources________
6.00

JUNE 30, 1954
Liabilities
Capital s t o c k __________$ 100,000.00
165,000.00
Surplus f u n d __________
Undivided p r o fit s ______
72,616.19
Reserves ______________
12,003.30
Total capital
accounts_$ 349,619.49
Demand deposits ______ 3,140,082.83
Time deposits__________ 1,069,425.73
120,918.00
U. S. Gov’t deposits___
Public funds __________ 549,489.48
Total dep. __$4,879,916.04
Other liabilities________

Total _______________ $5,262,552.53

33,017.00

Total _______________ $5,262,552.53

DANVILLE STATE BANK, DANVILLE
Population 829. Yell County
Chartered October 3, 1930. Telephone Number 36. Transit Number 81-700
Officers
Directors
John Ed Chambers-----------President
H. W. Burnham
Jim Bill Gatlin
J. W. Hull
Neil Sims------------------ Vice President J. E. Chambers
John Ed Chambers
Neil Sims
Jim Bill Gatlin----------------- „C ashier
Selma C. Gatlin_______ Asst. Cashier
J. F. Nunn____________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts___ : 283,315.59 Capital s t o c k __________$ 30,000.00
30,000.00
U. S. Gov’t obligations_ 607,400.00 Surplus fund __________
48,096.28 Undivided p r o fit s _____
Other bonds and securities
61,857.75
1.00 Total capital
Furniture and fixtu res_
6,000.00
accounts_$ 121,857.75
Banking house ________
Cash and due from banks 167,447.82
1.00 Demand deposits_______ 824,377.17
Other resources ________
Time deposits__________
27,019.00
U. S. Gov’t deposits___
1,527.34
Public funds __________
137,466.33
Total dep. __$ 990,389.84
Other liabilities________
Total



$1,112,261.69

Total

14.10
$1,112,261.69

42

State of Arkansas: Bank Department

BANK OF DARDANELLES DARDANELLE
Population 1,772.

Yell County

Chartered September 12, 1934. Telephone Number 28. Transit Number 81-599
Officers
J. C. Woodson------------------ President
Garrett Jones------------- Vice President
Robert L. Holland___________ Cashier
Arminta M. Jones______Asst. Cashier

C. R. George
John Hamilton
Garrett Jones

Directors
Jimmie Wallis
J. C. Woodson

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ !
Overdrafts_____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures__
Banking house__________
Cash and due from banks
Other resources_________

Total

Liabilities
Capital stock___________ $
Surplus fund____________
Undivided profits_______
Total capital
accounts $ 103,509.91

631,575.71
241.38
376,520.00
2,730.67
6.000.00
6. 000.

311,235.70
898.04

00

$1,335,201.50

25,000.00
25,000.00
53,509.91

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

Demand deposits________
Time deposits___________
U. S. Gov’t deposits____
Public funds____________
Total dep___ $1,231,691.59
Total

881,080.84
200,110.63
12,401.18
138,098.94

$1,335,201.50

BANK OF DELIGHT, DELIGHT
Population 574.
Chartered June 16, 1911.

Pike County

Telephone Number 20..

Officers
C. E. Johnson______________ President
Frank Reid---------------- Vice President
D. C. Humphry--------------------- Cashier
Edna Johnson_________ Asst. Cashier
Dorothy Johnson______ Asst. Cashier

Transit Number 81-326

Directors
Olen Hendrix
D. C. Humphry
C. E. Johnson

C. E. Reid
Frank Reid

STATEMENT OF JUNE 30, 1954
Liabilities

Resources

Loans and discounts _ _$ 191,575.45
Overdrafts _ _ _ _ _
168.42
U. S. Gov’t obligations_ 206,420.00
Other bonds and securities
34,433.80
Furniture and fixtures_
323.66
Banking house
____
116.90
Cash and due from banks 257,396.29

Total ___________ _ $ 690,434.52



Capital stock ____ ____$
Surplus fund
____ _
Undivided profits ____
Total capital
accounts_$ 73,448.56

25,000.00
25,000.00
23,448.56

Demand deposits _ — _
Time deposits___
U. S. Gov’t deposits-----Public funds _
--------Total d e p ._$ 616,985.96

503,724.34
92,064.20
1,350.00
19,847.42

Total _

________$

690,434.52

43

Fortieth Report

DERMOTT STATE BANK, DERMOTT
Population 3,601.
Chartered July 8, 1935.

Chicot County

Telephone Number 11.

Officers
John Baxter______________ President
W. F. Pierce__________Vice President
Clarence Horton_____________ Cashier
Frank Henry, Jr.-------- Asst. Cashier
Mary K. Tucker_______ Asst. Cashier

Transit Number 81-720

Directors
John Baxter
R. H. Dennington
John M. Baxter W. E. Lephiew
W. H. Bynum
W. F.-Pierce

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $1,513,057.83
U. S. Gov’t obligations
367,300.00
Other bonds and securities 16,648.52
3,500.00
Furniture and fixtures__
Banking house__________
9,000.00
Cash and due from banks 480,388.05

Liabilities
Capital stock____________ $ 50,000.00
100,000.00
Surplus fund___________
Undivided profits_______
59,768.40
Reserves_______!________
9,976.63
Total capital
accounts_$ 219,745.03
Demand deposits_____ 1,165,940.49
736,596.11
Time deposits___________
U. S. Gov’t deposits_____
14,738.91
Public funds____________
252,873.86
Total dep___ $2,170,149.37

Total

$2,389,894.40

Total

$2,389,894.40

FARMERS AND MERCHANTS BANK, DES ARC
Population 1,612.

Prairie County

Chartered January 20, 1902, Telephone Number 2191. Transit Number 81-233
Officers
Henry Nichols_‘------------------ President
L. R. Brown_Vice President & Cashier
R. L. Morton__________Asst. Cashier

L. R. Brown
W. J. Caskey

Directors
Henry Nichols

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 641.740.11
Overdrafts ______________
140.94
U. S. Gov’t obligations_ 369,900.00
Other bonds and securities
18,000.00
6,516.79
Furniture and fixtu res_
Banking h ou se_________
1.00
Cash and due from banks 164.617.12

Liabilities
Capital s t o c k __________$ 25,000.00
Surplus fund __________
100, 000.00
29,954.47
Undivided p r o fit s ______
45,039.42
Reserves ______________
Total capital
accounts_$ 199,993.89
Demand deposits________
Time deposits__________
Public funds __________
Total dep. __$1,000,922.07

Total



$1,200,915.96

Total

718,657.82
85,217.53
197,046.72

$1,200,915.96

State of Arkansas: Bank Department

44

DeWITT BANK AND TRUST COMPANY, DeWITT
Population 2,843.
Chartered March 1, 1929.

Arkansas County

Telephone Number 4161.

Officers
George Smith______________ President
R. H. Maddox__________________
------------ Vice President & Cashier
J. Brown______________ Asst. Cashier
F. A. Trice____________Asst. Cashier

A. G. Bauer
J. Brown
G. W. Hall

Transit Number 81-245
Directors
R. H. Maddox
Geo. Smith
C. L. Whitmore

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts_____$1,763,939.74
Overdrafts_____________
32.62
U. S. Gov’t obligations__
431,000.00
Other bonds and securities 536,479.06
Furniture and fixtures_
1.00
Banking house______________20,000.00
1.00
Other real estate_____ _
Cash and due from banks 1,807,839.82
Other resources_________
1.00

Liabilities
Capital stock___________ $ 100,000.00
Surplus fund____________
100,000.00
Undivided profits_______ 139,986.97
Reserve? ______________
47,171.65
Total capital
accounts_$ 387,158.62

Total

Total

$4,559,294.24

Demand deposits________ 3,568,585.12
Time deposits___________
343,238.40
U. S. Gov’t deposits_____
31,127.07
229,185.03
Public funds____________
T-tal dep.___$4,172,135.62
$4,559,294.24

BANK OF DOVER, DOVER
Population 510.

Pope County

Chartered September 29, 1905. Telephone Number 2481. Transit Number 81-329
Officers
John E. Moore___________ President
T. C. Campbell_______Vice President
W. M. Wallace______________ Cashier
C. L. Poynter__________Asst. Cashier

Directors
David R. Bewley
S. F. McCain
T. C. Campbell
John E. Moore
L. J. Churchill
W. M. Wallace

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks
Other resources ________

Total



217,182.92
168,100.00
6 , 000.00

3.240.00
3.500.00
138,623.95
1.00

.$ 536,647.87

Liabilities
Capital s t o c k __________!
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$
72,952.02
Demand deposits________
Time d ep osits_________
U. S. Gov’t deposits___
Public funds __________
Total d e p ._$ 463,695.85
Total

25.000. 00
25.000. 00
22,952.02

430,482.89
7,000.00
692.29
25,520.67

.$ 536,647.87

45

Fortieth Report

MERCHANTS AND FARMERS BANK, DUMAS
Population 2,512. Desha County
Chartered May 10, 1909. Telephone Number 114. Transit Number 81-330
Officers
Directors
Walton H. Rice___________President
R. A. Adcock
R. A. Pickens
Ray Maxwell.________Vice President
J. E. Allmon
D. O. Porter, Jr.
Claud T. Frank_____________ Cashier
R. F. Cox
O. L. Puryear
Jack S. Dante
Walton H. Rice
E. C. Gannaway Lamar Williamson
Joe L. McKennon
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,624,573.10
Capital s t o c k __________$ 100,000.00
U. S. Gov’t obligations_ 531,487.50 Surplus f u n d __________
100,000.00
Other bonds and securities 293,463.64 Undivided p r o fit s ______ 112,196.09
Furniture and fixtures_
24,157.56 Total capital
accounts_$ 312,196.09
Banking house ________
20,600.72
Cash and due from banks 581,485.82
Other resources________
2,740.72 Demand deposits________ 1,981,064.95
Time deposits__________ 474,073.47
U. S. Gov’t deposits___
10,540.05
Public funds __________ 300,634.50
Total dep. __$2,766,312.97
Total _______________ $3,078,509.06

Total _______________ $3,078,509.06

EARLE STATE BANK, EARLE
Population 2,375. Crittenden County
Chartered April 24, 1947 Telephone Number 2131.
Transit Number 81-204
T )i

Officers

M. E. Bird________________ President
W. M. Waters________ Vice President
Lawson T. Garner____ Vice President
E. D. Heath___________Vice President
Mrs. Mary F. Fullwood______Cashier

M. E. Bird
C. L. Blanz, Jr.
B. G. Dickey, Jr.
Lawson T. Garner

Everett Hood
B. J. Wallace
W. M. Waters
L. S. Young

STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Capital stock___________ $ 80,000.00
Loans and discounts------- $ 944,229.77
70,000.00
U. S. Gov’t obligations— 258,659.62 Surplus fund____________
51,074.41
Other bonds and securities 257,565.14 Undivided profits_______
17,084.41
Furniture and fixtures—
12,641.80 Reserves----------------------Banking house--------------1,539.92 Total capital
accounts_$ 218,158.82
Cash and due from banks 483,139.02
Other resources-------------1,602.72
Demand deposits________ 1,297,702.90
Time deposits___________
135,767.21
U. S. Gov’t deposits____
19,502.46
Public funds____________
288,246.60
Total dep. __$!,'741,219.17
Total



$1,959,377.99

Total

$1,959,377.99

46

State of Arkansas: Bank Department

THE DELTA STATE BANK, ELAINE
Population 744. Phillips County
Chartered December 30, 1947. Telephone Number 41. Transit Number 81-759
Officers
Directors
Wm. Demoret______________ President C. B. Barnhart
Wm. Demoret
J. M. Countiss, Jr____ Vice President E. Clay Bumpers
F. R. Watson
Mrs. Catherine M. Reid______Cashier J. M. Countiss, Jr.
Pat Shadle_____________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts. _ $ 105,052.82 Capital stock _ _ _
$
U. S. Gov’t obligations_ 250,000.00 Surplus fund
_____
1,000.00 Undivided profits
Other bonds and securities
4,589.75 Reserves _ _
Furniture and fixtu res_
_______
Cash and due from banks 261,881.61 Total capital
accounts_$ 81,064.16
350.44
Other resources
Demand deposits _
Public funds _
Total dep. __$ 541,810.46
T o ta l_

_

$ 622,874.62

Total _

40.000. 00
20.000. 00
19,933.12
1,131.04

483,993.39
57,817.07

_ _ _$ 622,874.62

THE EXCHANGE BANK & TRUST COMPANY, EL DORADO
Population 23,076. Union County
Chartered August 12, 1933.
Telephone Number UNion 3-5107.
Transit Number 81-668
Directors
Officers
Louis E. Hurley___________ President H. B. Axum
D. R. James
R. L. Aycock
T. M. Martin
H. B. Axum__________ Vice President
R. C. Bodenhamer
R. E. Meinert
D. R. James_________ Vice President
R. W. Newell
J. C. Craighead_____________ Cashier W. A. (Dick) Dumas
Claude B. Church_____ Asst. Cashier E. B. Garrett
E. E. Paxton
Geraldine H. Robinson_Asst. Cashier W. H. Hanna
Joe G. Wepfer
Louis E. Hurley
Robert H. Tinkle______As°t. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $2,533,571.32 Capital stock___________ $ 100,000.00
U. S. Gov’t obligations_ 2,397,182.49 Surplus fund------------------- 100,000.00
219,368.10
Other bonds and securities 402,095.88 Undivided profits_______
Furniture and fixtures_
24,721.40 Reserves ----------------------42,637.50
Cash and due from banks 2,578,917.04 Total capital
accounts_$ 462,005.60
Demand deposits________ 5,921,122.66
Time deposits____________ 1,054,429.25
U. S. Gov’t deposits_____ 245,890.99
Public funds____________
205,572.93
Deposits of banks_______
47,466.70
Total dep___ $7,474,482.53
Total



.$7,936,488.13

------Total

$7,936,488.13

Fortieth Report

47

BANK OF ELKINS, ELKINS
Population 350.
Chartered June 1, 1912.

Washington County;

Telephone Number 29.

Officers
J. E. Bunch-------- President & Cashier
Oscar West__________Vice President

Transit Number 81-506

Directors
Edyth L. Bunch
Roe Stokenbury
J. E. Bunch
J. C. Reed

STATEMENT OF JUNE 30, 1954
Resources

Liabilities

Loans and discounts___ $ 252,609.00
2.05
Overdrafts _
_____
U. S. Gov’t obligations __ 381,700.00
1.00
Furniture and fixtures_
1.00
Banking house
Cash and due from banks 320,506.86

Total

_____ __

_ $ 954,819.91

Capital s t o c k __________$
Surplus fund __________
____
Undivided profits
Total capital
accounts_$ 73,504.69

25,000.00
45,000.00
3,504.69

Demand deposits ______
Time deposits _
______
U. S. Gov’t deposits___
Public funds _____ _
Total dep. __$ 881,315.22

533,514.99
301,177.30
9,182.30
37,440.63

Total

______________ $ 954,819.91

BANK OF ENGLAND, ENGLAND
Population 2,136.

Lonoke County

Chartered August 23, 1898.
Telephone Number Victoria 2-2011.
Transit Number 81-213
Officers
E. A. CarlLee_____________President
B. F. Murchison______Vice President
Seth Boles, Jr_______________Cashier
H. P. Bell____________ Asst. Cashier

Directors
Seth Boles, Jr. B. F. Murchison
E. A. CarlLee Thos. O. Murchison
D. P. Mashburn

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts------- S •916,503.43
7,000.00
U. S. Gov’t obligations __
59,883.82
Other bonds and securities
2.501.00
Furniture and fixtures —
2.500.00
Banking house -----------1.00
Other real e s ta te ______
Cash and due from banks 542,036.33
1.00
Other resources________

Total



$1,530,426.58

Liabilities
Capital s t o c k __________$
Surplus f u n d __________
Undivided p r o fits ______
Total capital
accounts__$ 177,343.31

50,000.00
40,000.00
87,343.31

Demand deposits ______ 1,211,029.79
Time deposits__________
32,393.16
Public funds __________
109,660.32
Total d e p ._$1,353,083.27
Total

$1,530,426.58

State of Arkansas: Bank Department

48

THE CITIZENS BANK, ENGLAND
Population 2,136. Lonoke County
Chartered January 14, 1931.
Telephone Number Victoria 2-4211.
Transit Number 81-492
Officers
Directors
Ben B. Morris--------------------President W. G. Cunning
Lois Rutherford
Lois Rutherford_____ Vice President Ben B. Morris
J. E. Swaim
J. Otis DuPree______________ Cashier
Carroll C. Leonard, Jr._Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ .$1,366,849.74 Capital stock___ _ __ $ 60,000.00
U. S. Gov’t obligations
231,800.00 Surplus fund _ _
50,000.00
1.00 Undivided profits
Furniture and fixtures __
_ _ 145,696.77
1.00 Reserves __
Banking h o u s e ___
5,966.61
____
Other real estate _ _ _
4.00 Total capital
accounts_$ 261,663.38
Cash and due from banksi 408,026.10
Other resources _ _
1.00
Demand deposits _
1,524,340.74
Time deposits _
74,757.04
U. S. Gov’t deposits___
21,929.38
Public f u n d s _______ __ 123,992.30
Total dep. __$1,745,019.46
Total _______

___ $2,006,682.84

$2,006,682.84

Total _______

THE EUDORA BANK, EUDORA
Population 3,072. Chicot County
Chartered December 23, 1930. Telephone No. 5-4416. Transit Number 81-334
Officers

Directors

W. W. Grubbs___________ President
C. J. Griffith, Jr_____ Vice President
C. A. Diehl__________________ Cashier
Evelyn M. Lilly________ Asst. Cashier
Ben B row n ____________Asst. Cashier
Mary G. Thach________ Asst. Cashier
Hardy Stephenson______ Asst. Cashier

Dr. A. G. Anderson
Sam Bowman
E. T. Cashion
C. A. Diehl

C. J. Griffith, Jr.
W. W. Grubbs
Ralph Scott
R. T. Stephenson

STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts____ $1,034,241.03 Capital stock____________ $ 75,000.00
75,000.00
Overdrafts_____________
518.67 Surplus fund___________
73,730.03
U. S. Gov’t obligations__
300,200.00 Undivided profits_______
25,139.02
Other bonds and securities 407,290.11 Reserves_______________
Furniture and fixtures_
5,274.05 Total capital
accounts_$ 248,869.05
Banking house__________
2,115.35
Cash and due from banks 373,288.96
Other resources_________
824.57 Demand deposits________ 1,217,833.29
Time deposits___________
337,466.73
U. S. Gov’t deposits_____
24,962.97
Public funds____________
294,620.70
Total dep.__ $1,874,883.69
Total



$2,123,752.74

Total

$2,123,752.74

49

Fortieth Report

BANK OF EUREKA SPRINGS, EUREKA SPRINGS
Population 1,958.
Chartered May 4, 1912.

Carroll County

Telephone Number 3441.

Officers
C. A. Fuller_______________ President
Ray Freeman_________Vice President
D. Simpson_____ Vice Pres. & Cashier

Transit Number 81-472

Ray Freeman
C. A. Fuller

Directors
D. Simpson
R. R. Thompson

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 214,878.05
Overdrafts_____________
72.82
U. S. Gov’t obligations_ 622,000.00
Other bonds and securities
71,300.00
Furniture and fixtures __
1,000.00
Banking house ________
2,500.00
Other real e s ta te ____ 1.00
Cash and due from banks 297,359.46
Other resources________
1,080.62

Total _______________ $1,210,191.95

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts. _$ 92,992.06

25,000.00
25,000.00
42,992.06

Demand deposits ______
Time deposits__________
U. S. Gov’t deposits___
Public fu n d s ___________
Total dep. —$1,117,199.89

733,730.54
224,217.96
15,800.00
143,451.39

Total _______________ $1,210,191.95

BANK OF EVENING SHADE, EVENING SHADE
Population 360.
Chartered February 5, 1901.

Sharp County

Telephone Number 6.

Officers
J. O. Laman______________ President
O. S. Westmoreland___ Vice President
E. B. Metcalf_______________Cashier
J. B. Metcalf___________Asst. Cashier

J. O. Laman
E. B. Metcalf

Transit Number 81-336
Directors
J. B. Metcalf
O. S. Westmoreland

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $ 37,885.08
U. S. Gov’t obligations_ 305,000.00
Furniture and fixtures_
1.00
Banking house__________
1.00
Cash and due from banks
63,702.12

Liabilities
Capital stock___________ $
Surplus fund___________
Undivided profits_______
Total capital
accounts_$
45,455.54
Demand deposits________
Time deposits___________
Public funds____________
Total dep___ $ 361,133.66

Total



$ 406,589.20

Total

10,000.06
30,000.00
5,455.54

308,230.76
3.00
52,899.90

$ 406,589.20

50

State of Arkansas: Bank Department

McILROY BANK, FAYETTEVILLE
Population 17,071.

Washington County

Chartered December 24, 1892.
Telephone Number Hlllcrest 2-5351.
Transit Number 81-87
Officers

Directors

Hayden Mcllroy___________ President
James H. Kays_____ Exec. Vice Pres.
J. B. McConnell_____ Vice President
L. O. Graham------------ Vice President
W. C. Smith_________ Vice President
Eleanor Sheppard_____ Asst. Cashier
Zelma W. Farmer_____ Asst. Cashier

L. L. Baxter
L. O. Graham
James D. Johnson
James H. Kays
J. B. McConnell
Hayden Mcllroy
Henry B. Shreve

Herbert L. Thomas
Clifton Wade
Marion Wasson
W. C. Whitfield, Jr.
Hugh Williams
Paul Young, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $2,302,917.10
704.51
Overdrafts ____________
U. S. Gov’t obligations— 3,575,031.29
Other bonds and securities 1,195,191.95
Furniture and fixtu res_
16,900.17
Banking h o u se _________
67,232.67
Cash and due from banks 3,169,524.60
Other resources________
4,753.95

Total




$10,332,256.24

Liabilities
Capital s t o c k __________$ 100,000.00
Surplus fund __________
150,000.00
36,475.37
Undivided profits ______
Reserves ______________
330,038.10
Total capital
accounts_$ 616,513.47
Demand deposits ______ 4,780,175.78
Time deposits _________ 1,990,840.63
U. S. Gov’t deposits___
185,677.85
Public funds __________ 2,025,700.07
Deposits of b a n k s _____ 733,348.44
Total dep. __$9,715,742.77
Total

$10,332,256.24

51

Fortieth Report

FORDYCE BANK AND TRUST COMPANY, FORDYCE
Population 3,754.
Chartered January 5, 1931.

Dallas County

Telephone Number 83.

Officers
E. C. Benton______________ President
B. A. Mayhew________Vice President
Pau*l Offutt_________________ Cashier
Jack Hearnsberger____Asst. Cashier
Mrs. M. S. Smith______Asst. Cashier

Transit Number 81-127
Directors

E. C. Benton
H. B. Benton
H. E. Dedman
J. H. Everett
B. A. Mayhew

Paul Offutt
W. D. Stell
C. F. Sturgis
L. Weems Trussell
S. A. Williams

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $ 861,227.65
88.27
Overdrafts_____________
U. S. Gov’t obligations_ 1,003,753.13
Other bonds and securities 467,499.81
6,703.38
Furniture and fixtures_
Banking house__________
33,000.00
4,200.00
Other real estate________
Ca£h and due from banks 781,398.97

Liabilities
Capital stock___________ $ 100,000.00
100,000.00
Surplus fund____________
Undivided profits_______
67,380.17
820.87
Reserves_______________
Total capital
accounts_$ 268,201.04

T o ta l__________________ $3,157,871.21

T o ta l__________________ $3,157,871.21




Demand deposits________ 1,860,926.86
Time deposits___________
765,278.49
U. S. Gov’t deposits_____
19,564.12
Public funds____________
240,229.06
Deposits of banks_______
3,671.64
Total dep.___$2,889,670.17

52

State of Arkansas: Bank Department

PLANTERS BANK AND TRUST COMPANY, FORREST CITY
Population- 7,607.

St. Francis County

Chartered April 15, 1921. Telephone Number 326. Trar.sit Number 81-143
Officers
Directors
H. H. Cooper______________President
E. B. Belshe
Mrs. E. B. Robinson
J. B. Fletcher________Vice President
H. H. Cooper
Sam Sharpe
J. B. Fletcher
Jack T. Stephens
Charles C. Moore___________Cashier
J. H. Calhoun_________ Asst. Cashier C. N. Haven
R. R. Wilkerson
Dione K. Henderson___ Asst. Cashier Henry T. Haver James F. Wolfe
Elizabeth B. Moore___ Asst. Cashier L. F. Haven, Jr.
W. P. Moore__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
$ 150,000.00
Loans and discounts
$2,473,874.26 Capital stock
150,000.00
Overdrafts
892.97 Surplus fund
59,251.92
607,357.50 Undivided profits
U. S. Gov’t obligations__
6,412.66
Other bonds and securities 800,306.98 Reserves
26,652.20 Total capital
Furniture and fixtures_
accounts_$ 365,664.58
Banking house
47,000.00
868,627.64
Other real estate
2,426,919.59
Cash and due from banks
3,130.15 Demand deposits
Time deposits
952,731.15
U. S. Gov’t deposits
138,901.59
Public funds _
943,624.79
Total dep___ $4,462,177.12
T o ta l_

_ _

$4,827,841.70

Total __

$4,827,841.70

ARKANSAS VALLEY TRUST COMPANY, FORT SMITH
(Not engaged in commercial banking)
Population 47,942. Sebastian County
Chartered February 12, 1906. Telephone Number 3-1114. Transit Number 81-571
Officers
Directors
Leon E. Werntz__________President
Harry P. Daily
Raymond F. Orr
Camall Gardner____ Vice President
Carnall Gardner Rutherford J. Ross
Walter T. Gosman_Secretary-Treas.
S. Bemie Harper R. J. Speer, Sr.
Dorothy Turner_____________
Jerome Ney
Leon E. Werntz
Asst. Secretary-Treas.
Lloyd Williams_____ Asst. Secretary
STATEMENT OF
Resources
Loans and discounts___ $ 33,791.27
Other bonds and securities
1,500.00
Furniture and fixtures_
27,943.49
Banking house ________
39,709.07
Other real e s ta te ______
100.00
Cash and due from hanks 137,445.63
Other resources________ 182,581.15

JUNE 30, 1954
Liabilities
Capital s t o c k __________$ 150,000.00
Surplus fund __________
30,000.00
Undivided p r o fit s ______
92,425.08
Reserves ______________
31,550.57
Total capital
accounts_$ 303,975.65
Other liabilities________

Total



$ 423,070.61

Total

119,094.96
$ 423,070.61

53

Fortieth Report

THE BANK OF FRANKLIN, FRANKLIN
Population 100.

Izard County

Chartered June 13, 1905.

Transit Number 81-338

Officers

Directors

R. M. Standerford_________President
D. F. Bryant___ Vice Pres. & Cashier
Tommie Billingsley____ Asst. Cashier

Mrs. Tressie Box
D. F. Bryant

R. M. Standerford

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts___ !
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house ________
Cash and due from banks
Other resources ________

Total

Liabilities

113,912.18
336.51
63,000.00
3,000.00
3,632.00
1.00
80,338.70
108.00

264,328.39

Capital s t o c k __________$
Surplus f u n d ____ ______
Undivided p r o fit s ______
Total capital
accounts_$
38,092.66

10,000.00
15,000.00
13,092.66

Demand deposits ______
U. S. Gov’t deposits____
Public fu n d s___________
Total d ep ._$ 226,235.73

175,949.43
4,918.34
45,367.96.

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

Total

264,328.39

BANK OF GLENWOOD, GLENWOOD
Population 843.
Chartered December 27, 1912.
^

Pike County

Telephone Number 18.

Officers

Transit Number 81-343
Directors

John Golden______________President
R. W. Brakefield______Vice President
H. H. Duke__________________ Cashier
Doris Hutchings_______Asst. Cashier

R. W. Brakefield
C. R. Cantrell
H. H. Duke

John Golden
Homer Ligon
Ira C. West

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts___ !
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking h ou se_________
Cash and due from banks
Other resources ________

Total



Liabilities

412,439.77
13.10
495,000.00
8 ,000.00
1.00
1.00
439,180.68
1.00

$1,354,636.55

Capital s t o c k __________
Surplus fund __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$ 122,503.48
Demand deposits_______
Time deposits _________
U. S. Gov’t deposits___
Public funds __________
Total dep. _ .$1,232,133.07
Total

25.000. 00
40.000. 00
55,562.51
1,940.97

940,305.21
244,629.03
1,368.75
45,830.08

$1,354,636.55

54

State of Arkansas: Bank Department

BANK OF GRAVETT, GRAVETTE
Population 894.

Benton County

Chartered February 28, 1898. Telephone Number 7-3401. Transit Number 81-269
Officers
J. T. Edmondson_________ President
Tom Cawood_________Vice President
Frank Hidy_________________ Cashier
John R. Meade________Asst. Cashier

Directors
F. S. Ballard
Allen McAllister
Tom Cawood
C. E. McAllister
J. T. Edmondson Philo Rodgers
J. T. Edmondson, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 548,082;23
Overdrafts ____________
1,741.73
U. S. Gov’t obligations_ 732,350.00
Other bonds and securities
54,741.71
8,559.17
Furniture and fixtures_
3,820.00
Banking house__________
Other real e s ta te _____
1.00
Cash and due from banks 630,810.61
404.55
Other resources ________

Total

$1,980,511.00

Liabilities
Capital s t o c k __________$ 25,000.00
Surplus fund __________
25,000.00
126,253.54
Undivided p r o fit s ______
Total capital
accounts_$ 176,253.54
------------------Demand deposits ______ 1,572,046.35
211,466.89
Time deposits _________
Public funds __________
20,744.22
Total dep._$1,804,257.46
Total

$1,980,511.00

FARMERS BANK, GREENWOOD
Population 1,634.

Sebastian County

Chartered August 7, 1907. Telephone Number 3231. Transit Number 81-226
Officers
W. N. Wilkinson--------------- President
Means Wilkinson_____ Vice President
Alice Holland_______________ Cashier
George A. Henry______Asst. Cashier

Directors
Charles O. Bell
Means Wilkinson
W. C. Davis
W. N. Wilkinson
W. H. Lewis

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house ________
Other real e s ta t e ______
Cash and due from banks

Total



281,422.73
493,000.00
333,316.15
3,050.00
1.00
1.00
593,279.89

„$ 1 ,'704,070.77

Liabilities
Capital s t o c k __________ $
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$ 135,572.03

40,000.00
40,000.00
55,572.03

Demand deposits ______ 1,050,851.20
Time deposits _________ 350,478.50
U. S. Gov’t deposits___
24,000.00
Public funds --------------143,169.04
Total dep. __$1,568,498.74
Total

$1,704,070.77

55

Fortieth Report

THE FIRST BANK, GRIFFITHVILLE
Population 207.
Chartered November 6, 1905.

White Cour.ty

Telephone Number 256. Transit Number 81-347

Officers
James A. Neaville_________President
James A. Neaville, Jr._Vice President
John B. Neaville____ :________Cashier

Directors
Jas. A. Neaville
Jno. B. Neaville
Jas. A. Neaville, Jr. Ralph. Neaville

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 129,394.08
U. S. Gov’t obligations_ 110,000.00
600.00
Furniture and fixtures_
Banking h o u s e __ ,_____
1.00
Cash and due from bank
53,938.42

Liabilities
Capital s t o c k __ __ __
Surplus fund _ _
Undivided profits .......
Total capital
accounts_$ 26,016.75

20,000.00
3,000.00
3,016.75

Demand deposits _ _
U. S. Gov’t deposits___
Public funds
Total dep. __$ 267,903.69

255,402.29
93.75
12,407.65

Other liabilities
Total

$ 293,933.50

Total

13.06
_

___ $

293,933.50

CLARK COUNTY BANK, GURDON
Population 2,390.
Chartered Augst 4, 1900

Clark County

Telephone Number 3-4414.

Officers
F. H. Rudolph____________ President
E. H. Frizzell________Vice President
Richard E. Davidson_________Cashier
Mrs. Lewelyn Edwards_Asst. Cashier

Trans.'t Number 81-349

Directors
Charles H. Crowe
Earl Ross
Richard E. Davidson
H. T. Ross
E. H. Frizzell
F. H. Rudolph
J. E. McMillan

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
Overdrafts___ _________
U. S. Gov’t obligations —
Other bonds and securities
Furniture and fixtu res_
Cash and due from banks

Total



313,411.81
9.92
316,902.88
248,065.04
2,729.50
493,803.09

$1,374,922.24

Liabilities
Capital s t o c k __________$
Surplus fu n d ___________
Undivided p r o fit s ______
Reserves_______________
Total capital
accounts_$ 127,507.59

50,000.00
30,000.00
43,883.87
3,623.72

Demand deposits_______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total dep. __$1,247,414.65

653,359.27
342,374.35
3,317.49
248,363.54

Total

$1,374,922.24

56

State of Arkansas: Bank Department

FARMERS BANK, HAMBURG
Population 2,655.
Chartered March 10, 1941.

Ashley County

Telephone Number 47.

Officers
S. A. Wilcoxon____________ President
V. W. Walker________Vice President
Leslie J. Serrett____________ Cashier
Louie G. Foote________Asst. Cashier

Transit Number 81-181

Directors
F. P. Blanks
Leslie J. Serrett
W. E. Foote
V. W. Walker
Leroy HigginbothamS. A. Wilcoxon
Murphy Jones

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 195,956.42
U. S. Gov’t obligations_ 1,016,900.00
Other bonds and securities
9,405.00
Cash and due from banks 368,668.64

Liabilities
Capital s t o c k __________ $
Surplus fu n d ___________
Undivided p r o fit s ______
Reserves_______________
Total capital
accounts_$ 171,062.68

50,000.00
50,000.00
61,062.68
10,000.00

Demand deposits_______ 1,349,569.31
25,367.98
Time deposits__________
U. S. Gov’t deposits___
1,849.22
Public fu n d s ___________
43,080.87
Total dep. _ .$1,419,867.38
T o ta l________________ $1,590,930.06

T o ta l________________ $1,590,930.06

CALHOUN COUNTY BANK, HAMPTON
Population 838.
Chartered October 26, 1906.

Calhoun County

Telephone Number 42.

Officers
B. W. Harrell_____________President
Searcy Harrell_______Vice President
Len Harrell________________ Cashier
Mary Johnston------------- Asst. Cashier

Transit Number 81-353

Directors
Hubert J. Brown
Searcy Harrell
B. W. Harrell
E. C. Johnston
Fay Harrell
I. C. Strickland
John E. Hearnberger

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks

618,018.45
256,350.00
210,419.12
11,000.00
9,500.00
182,440.06

Liabilities
Capital stock ___________!
Surplus f u n d ______•___
Undivided p r o fit s ______
Reserves_______________
Total capital
accounts_$ 180,000.00
Demand deposits ______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total dep. _.$1,107,727.63

Total



$1,287,727.63

Total

25,000.00
100,000.00

31.652.00
23.348.00

786,509.94
164,720.93
10,081.52
146,415.24

$1,287,727.63

Fortieth Report

57

THE BANK OF HARRISBURG, HARRISBURG
Population 1,498.
Chartered December 2, 1930.

Poinsett County

Telephone No. PLaza 7-5427.

Officers
T. T. Mardis_______________ President
William S. Martin____ Vice Presiden
Horace S. Smith_____________ Cashier
Mrs. Doris H. Smith___ Asst. Cashier
Mrs. Ida J. Bettis______Asst. Cashier

Transit No. 81-693

Directors
T. T. Mardis
William S. Martin
Mrs. D. M. Mardis

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ 5 751,346.84
Overdrafts_____________
68.33
U. S. Gov’t obligations_ 300,900.00
12,634.92
Furniture and fixtu res_
Banking house ________
8,756.00
Cash and due from banks 332,503.90

Liabilities
Capital s t o c k __________$
Surplus fu n d ___________
Undivided p rofits_______
Total capital
accounts_$ 134,556.37

25,000.00
50,000.00
59,556.37

Demand deposits_______ 1,166,840.50
U. S. Gov’t deposits___
12,096.30
Public fu n d s ___________
92,716.82
Total d e p ._$1,271,653.62
Total

$1,406,209.99

Total

$1,406,209.99

COMMERCIAL BANK, HARRISON
Population 5,542.
Chartered July 7, 1944.

Boone County

Telephone Number 575.

Officers
F. L. Coffman_____________ President
T. W. Rogers_________ Ex.Vice Pres.
& Cashier
V. D. Willis_________ Vice President
D. L. Owens________ Vice President
T. G. Vinson__________ Asst. Cashier

F.
F.
T.
C.
D.

Transit Number 81-746

Directors
L. Coffman
L. Coffman, Jr.
L. Jackson
N. Kent
L. Owens

E.
T.
V.
J.

E. Pippen
W. Rogers
D. Willis
O. Wilson

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,293,658.33 Capital s t o c k __________ $ 75,000.00
U. S. Gov’t obligations
434,810.00 Surplus fu n d ___________
100,000.00
Other bonds and securities 327,187.17 Undivided p r o fit s ______
8,179.66
Furniture and fixtu res_
15,674.32 Total capital
Cash and due from banks 1,193,551.25
accounts_$ 183,179.66
Demand deposits________ 1,917,301.49
Time deposits__________
781,595.06
U. S. Gov’t deposits___
31,968.06
Public fu n d s ___________ 272,674.24
Deposits of b an k s______
62,597.38
Total dep. —$3,066,136.23
Other liabilities__ ,_____
T o t a l_________________ $3,264,881.07



15,565.18

T o t a l_________________ $3,264,881.07

58

State of Arkansas: Bank Department

THE SECURITY BANK, HARRISON
Population ,5,542. Boone County
Chartered November 20, 1931 Telephone Number 86 Transit Number 81-704
Officers
Directors
C. C. Alexander__________President C. C. Alexander
Joe Kirby
T. C. Heuer__________ Vice President Roy L. Baker
W. O. Newton
Roy L. Baker, Jr------ Exec. Vice Pres. Roy L. Baker, Jr.
E. R. Tims
E. R. Tims__________ Exec. Vice Pres. Garvin Fitton
L. A. Watkins
& Cashier T. C. Heuer
Kathryn Jones________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $2,004,671.02
Capital s t o c k __________$ 125,000.00
Overdrafts ____________
4,318.72 Surplus fund __________
150,000.00
U. S. Gov’t obligations_ 1,232,800.00 Undivided p r o fit s ______
86,325.74
Other bonds and securities 673,841.78 Total capital
accounts_$ 361,325.74
1.00
Furniture and fixtures_
Banking house ________
1.00
Cash and due from banks 2,222,099.03 Demand deposits ______ 3,764,769.23
Other resources________
3.00 Time deposits _________ 1,452,060.86
U. S. Gov’t deposits___
48,584.73
Public funds __________
463,966.79
Deposits of ban ks______
47,028.20
Total dep._$5,776,409.81
Total

$6,137,735.55

Total

$6,137,735.55

PRAIRIE COUNTY BANK, HAZEN
Population 1,270. Prairie County
Chartered July 17, 1945
Telephone Number 2511
Transit Number 81-750
Officers
Directors
J. J. Screeton_____________ President L. P. Aycock
H. B. Robinson
J. J. Screeton
L. P. Aycock_________ Vice President J. O. Crowly
R. C. Hartlieb-,_Exec. Vice President H. J. Hall
Ezra Shoop
James E. Sparks
James E. Sparks_____________ Cashier R. C. Hartlieb
Grace 0. St&llings_____ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 702,885.50 Capital stock____________ !
Overdrafts ____________
9,270.44 Surplus fund __________
U. S. Gov’t obligations_ 183,234.65 Undivided p r o fit s ______
Other bonds and securities 177,302.39 Reserves ______________
Furniture and fixtures __
21,151.94 Total capital
Bankir g house ________
accounts_$ 143,665.55
24,338.61
Cash and due from banks 357,524.63
Other resources ________
2,095.42 Demand deposits ______
Time d ep osits________
U. S. Gov’t deposits___
Public funds __________
Total dep__ $1,334,138.03
Total



$1,477,803.58

Total

60,000.00
40,000.00
28,535.21
15,130.34

982.133.20
196.816.21
16,695.42
138,493.20

$1,477,803.58

Fortieth Report

59

THE CLEBURNE COUNTY BANK, HEBER SPRINGS
Population 2,109.

Cleburne County

Chartered December 16, 1930. Telephone Number 2-2643. Tiar.sit No. 81-175
Officers
Wiley H. Robbins__________ President
Jerome Johnson_Exec. Vice President
Walter Aldridge_____________ Cashier
Della Mae Verser_____ Asst. Cashier
Sam Morton__________Asst. Cashier

Directors
Jerome Johnson
Dr. L. E. Robbins
Dr. B. M. Robbins Dr. W. E. Robbins
Dr. Joe N. RobbinsWiley H. Robbins

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house ________
Cash and due from banks

495,242.01
326,000.00
319,339.14
1.00
1,000.00
227,545.53

Liabilities
Capital stock __________$ 30,000.00
Surplus f u n d __________
35,000.00
Undivided profits_______ 104,655.19
10,144.98
Reserves ____ ,_________
Total capital
accounts..?' 179,800.17
Demand deposits ______ 1,076,528.90
U. S. Gov’t deposits___
20,439.81
Public funds __________
92,358.80
Total dep. __$1,189,327.51

$1,369,127.68

Total

$1,369,127.68

Total

GUARANTY LOAN AND TRUST COMPANY, HELENA
(Not engaged in commercial banking)
Population 11,236.
Chartered February 9, 1910.

Phillips County

Telephone No. HI 4-3032.

Officers
Dewey Moore______________ President
H. G. Stephens________Vice President
C. L. McKelvy____________ Secretary
W. D. Hudson, Jr________Treasurer

S. H. Hurst
C. E. Mayer
Dewey Moore

Transit No. 81-64

Directors
W. L. Morris
H. G. Stephens

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ !
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtures_
Other real estate________
Cash and due from banks
Other resources_________

Total



84,865.92
2.600.00
14,000.00
1.401.00
1.00
30,173.97
3.234.00

$ 136,275.89

Liabilities
Capital stock___________ !
Surplus fund____________
Undivided profits_______
Total capital
accounts_$
89,974.36
------------------Trust deposits__________
Other liabilities_________
Total

50.000. 00
30.000. 00
9,974.36

43,528.59
2,772.94

$ 136,275.89

60

State of Arkansas: Bank Department

VALLEY BANK, HINDSVILLE
Population 262.
Chartered November 8, 1907.

Madison County

Telephone Number 320.

Officers
Adry Gaskill_______________President
C. F. Fitch, Jr_______ Vice President
Lloyd A. Linebarger_________Cashier

Wm. B. Bunch
C. F. Fitch, Jr.
Adry Gaskill

Transit Number 81-362
Directors
James R. Hargis
Tom Hargis
Lloyd A. Linebarger

STATEMENT OF JUNE 30. 1954
Resources
Loans and discounts____ $
Overdrafts_____________
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtures_
Banking house__________
Cash and due from banks
Other resources_________

Total

61,056.69
238.78
85,100.00
10,440.00
1.00
500.00
90,571.60
1,421.95

249,330.02

Liabilities
Capital stock___________ $ 10,000.00
Surplus fund____________
10,000.00
2,771.69
Undivided profits_________
Reserves_________________
8,186.02
Total capital
accounts_$
30,957.71
Demand deposits________
Time deposits___________
U. S. Gov’t deposits____
Public funds____________
Total dep-----$ 218,372.31
Total

151,231.83
56,990.48
150.00
10,000.00

$ 249,330.02

BANK OF HOLLY GROVE, HOLLY GROVE
Population 761.
Chartered March 12, 1903.

Monroe County

Telephone Number 2681.

Officers
M. P. Walls_______________ President
J. I. Matthews_________Vice President
B. J. Lambert, Jr____________ Cashier
Jack Phillips___________ Asst. Cashier

Transit Number 81-275

Directors
B. J. Lambert
J. B. Moore, Jr.
B. J. Lambert, Jr. M. P. Walls
J. I. Matthews
O. M. Washington
J. W. Mayo

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $
U. S. Gov’t obligations-__
Other bonds and securities
Furniture and fixtures_
Banking house__________
Cash and due from banks

Total



767,209.12
481,105.25
120,375.00
3,258.41
1.00
236,716.82

$1,608,665.60

Liabilities
Capital stock___________ $ 30,000.00
Surplus fund____________
100,000.00
Undivided profits_______
27,996.35
Total capital
accounts_$ 157,996.35
Demand deposits________ 1,106,780.74
Time deposits___________
135,813.94
U. S. Gov’t deposits____
656.25
Public funds____________
207,418.32
Total dep___ $1,450,669.25
Total

$1,608,665.60

61

Fortieth Report

HORATIO STATE BANK
Population 776.
Chartered May 15, 1905

Sevier County

Telephone Number 77.

Officers
C. E. Hendrix_____________President
W. H. Frith________ Vice President
O. T. Brinkley_______ Vice President
Mazie Gallaher_____________ Cashier
A. E. Edmonson________Asst. Cashier

Transit Number 81-342

Directors
0. T. Brinkley
Lilia S. Hendrix
F. R. Ethridge
L. O. Shull
C. E. Hendrix

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $
Overdrafts_____________
U.-S. obligations________
Other bonds and securities
Furniture and fixtures__
Banking house__________
Cash and due from banks

535,511.73
322.92
419,070.67
143,065.86
8,500.00
4,000.00
310,030.43

Liabilities
Capital stock___________ $
Surplus fund____________
Undivided profits_______
Total capital
accounts_$ 100,299.00

Demand deposits________ 1,013,396.44
Time deposits___________ 207,886.61
U. S. Gov’t deposits____
3,634.40
Public fu n d s ___________
95,130.36
Total dep___ $1,320,047.81
Other Liabilities________

T o ta l__________________ $1,420,501.61




32,500.00
42,500.00
25,299.00

154.80

T ota l____________ ______ $1,420,501.61

62

State of Arkansas: Bank Department

ARKANSAS TRUST COMPANY, HOT SPRINGS
Population 29,307.
Chartered April 18, 1907.

Garland County

Telephone Number 6400.

Officers
Dave Burgauer____________ President
Geo. H. Sexton______Exec. Vice Pres.
Norton Meek___ Vice Pres. & Cashier
William L. Little_______________
___________ Vice Pres. & Auditor
E. M. Thrash_________Vice President
Marie Schnebelen______________
________Asst. Cashier & Tr. Off.
Robert E. Jones________ Asst. Cashier
C. J. Clements_________Asst. Cashier
H. G. Gasbarre________Asst. Cashier
F. L. Baldwin_________ Asst. Cashier

Transit Number 81-51

Directors
Dave Burgauer
F. L. Thompson
Clarence J. Horner E. M. Thrash
Norton Meek
Hill A. Wheatley
Carl E. Miles
W. W. Wilson
Geo. H. Sexton
E. F. Woodcock

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $2,089,883.52
Overdrafts *____________
122.06
U. S. Gov’t obligations_ 6,402,509.26
Other bonds and securities 799,959.61
Furniture and fixtures_
40,757.11
Banking h o u se _________
39,500.02
Cash and due from banks 3,944,879.93
Other resources________
54,574.68

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$1,154,955.94

Demand deposits ______ 9,534,840.55
Time deposits__________
944,109.11
U. S. Gov’t deposits___
307,122.22
Public funds __________ 1,353,080.82
Deposits of ban k s______
32,000.00
Total dep. -$12,171,152.70
Other liabilities________

Total




$13,372,186.19

400,000.00
400,000.00
243,903.53
111,052.41

Total

46,077.55

$13,372,186.19

63

Fortieth Report

JACKSONVILLE STATE BANK, JACKSONVILLE
Population 2,474.
Chartered August 2, 1949.

Pulaski County

Telephone Number 3.

Tiansit Number 81-764

Officers
Directors
Jack East, Jr._____________ President Jack East, Jr. Clarence M. Thomas
Kenneth Pat Wilson__ Vice President Lyle B. Marcue B. Fred Thompson
Austin Leeds________________ Cashier J. H. Mize
Kenneth Pat Wilson
Mrs. Winnie Trawick_Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 957,503.20
Overdrafts ____________
80.16
Other bonds and securities 172,244.80
Furriture and fixtu res_
15,147.42
Banking house ________
39,691.66
Cash and due from banks 398,942.70
1.00
Other resources________

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$ 126,197.24

75,000.00
25,000.00
16,709.36
9,487.88

Demand deposits ______ 1,201,031.81
Time deposits__________
186,321.25
U. S. Gov’t deposits___
6,812.08
Public funds __________
54,798.49
Total dep. __$1,448,963.63
Other liabilities________
Total

$1,583,610.94

8,450.07

Total _______________ $1,583,610.94

NEWTON COUNTY BANK, JASPER
Population 407.
Chartered March 24, 1903.

Newton County

Telephone Number 9.

Officers
L. W. Nance______ Pres, and Cashier
J. Lex Moore_________ Vice President
Alta Gorden__________ Vice President
Joe C. Nance___________ Asst. Cashier

Alta Gorden
J. Lex Moore
J. C. Nance

Transit Number 81-371
Directors
J. D. Nance
L. W. Nance

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 188,965.24
U. S. Gov’t obligations_ 350,403.00
Furniture and fixtu res_
2,600.00
Banking house ________
5,545.27
Other real e s ta te ______
800.00
Cash and due from banks 145,748.55

Total



$ 694,062.06

Liabilities

Capital s t o c k _________
Surplus f u n d _________
Undivided profits ____
Total capital
accounts__$
71,740.50
------------------Demand deposits_______
Time deposits__________
Public funds __________
Total d e p ._$ 622,321.56
Total

25.000. 00
25.000. 00
21,740.50

535,947.79
46,616.87
39,756.90

$ 694,062.06

64

State of Arkansas: Bank Department

CITIZENS BANK OF JONESBORO, JONESBORO
Population 16,310.
Chartered July 25, 1919.

Craighead County

Telephone No. WEbster 2-6603.

Officers
M. L. McKinney___________ President
C. V. McKinney______Exec. Vice Pres.
Major W. Griffin____________ Cashier
Donald C. Jones________Asst. Cashier

Transit No. 81-613

Directors
C. V. McKir.ney B. Frank Williams
G. E. McKinney J. Lan Williams
M. L. McKinney

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $3,697,354.30 Capital s t o c k __________ $ 200,000.00
Overdrafts
__________
390.32 Surplus f u n d ___________ 200,000.00
U. S. Gov’tobligations__ 1,214,344.93 Undivided p r o fit s ______
305,477.35
Other bonds andsecurities
375,106.94 Total capital
Furniture and fixtures_
23,126.00
accounts_$ 705,477.35
Cash and due from banks 3,784,767.89
------------------Demand deposits ______ 4,331,958.87
Time deposits__________ 2,603,286.31
U. S. Gov’t deposits ! __
315,274.28
Public fu n d s ___________
710,404.20
Deposits of ban k s______ 428,689.37
Total dep. __$8,389,613.03
Total




$9,095,090.38

Total

$9,095,090.38

65

Fortieth Report.

MERCANTILE BANK, JONESBORO
Population 16,310. Craighead County
Chartered January 7, 1932.
Telephone Number WEbster 5-5521.
Transit Number 81-72
Officers
Directors
Claude Gregory__________ President
Bryan Armstrong Claude Gregory
Nathan Deutsch_Vice Pres. & Secy.
Edward 0. Cherry W. Gus Nash, Jr.
R. W. Higginbotham_________Cashier
L. M. Rebsamen
Nathan Deutsch
Alberta Dickson_______ Asst. Cashier A. Faught
J. Paul Smith
Carey Smith___________Asst. Cashier Charles Frierson
Naomi Craft----------------Asst. Cashier
Louise Smith__________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $3,083,602.38
Capital s t o c k __________$ 200,000.00
U. S. Gov’t obligations_ 2,747,361.07 Surplus fund __________ 100,000.00
Other bonds and securities 602,904.06 Undivided p r o fit s ______ 256,350.69
Furniture and fixtu res_
25,578.58 Reserves ______________
3,286.81
34,630.00 Total capital
Banking house ________
Cash and due from barks 1,756,933.64
accounts_$ 559,637.50
Other resources________
3,921.54
Demand deposits ______ 3,959,819.90
Time deposits__________ 2,950,324.09
U. S. Gov’t deposits___
90,216.87
Public funds __________ 611,483.40
Deposits of banks______
83,449.51
Total dtp. __$7,695,293.77
Total _______________ $8,254,931.27

Total _______________ $8,254,931.27

FARMERS AND MERCHANTS BANK, JUDSONIA
Population 1,122. White County
Chartered May 29, 1913.
Telephone Number 38.
Trarsit Number 81-549
Officers
Directors
A. J. Stephens____________ President J. Herbert Graves A. J. Stephens
J. H. Graves_________Vice President J. A. Henson
E. O. Yancey
C. I. Stevers______________ Cashier
Guy Humphries________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Capital s t o c k __________!
Loans and discounts___ $ 165,823.18
U. S. Gov’t obligations_ 337,390.63 Surplus f u n d __________
Other bonds and securities 103,820.00 Undivided p r o fit s ______
Furniture and fixtu res_
6,000.00 Total capital
accounts_$ 107,413.53
Banking house ________
5,500.00
Cash and due from banks 150,895.90
Demand deposits ______
U. S. Gov’t deposits___
Public funds __________
Total dep. __$ 662,015.18
Other liabilities
Total



.$ 769,429.71

Total

35.000. 00
35.000. 00
37,413.53

579,123.14
4,715.00
78,177.04
1.00

.$ 769,429.71

66

State of Arkansas: Bank Department

UNION STATE BANK, JUNCTION CITY
Population 1,013.
Chartered August 28, 1933.

Union County

Telephone Number 73.

Officers
I. A. Brinker______________ President
O. H. Goodwin______ Vice President
J. M. Thompson_____________ Cashier

Tiansit Number 81-232

I. A. Brinker
A. A. Couch
0. H. Goodwin

Directors
Houston Hall
H. E. Kir.ard

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 154,124.67
U. S. Gov’t obligations_ 518,006.75
22,392.23
Other bonds and securities
800.00
Furniture and fixtures_
2,100.00
Banking house ________
1.00
Other real e s ta te _____
Cash and due from banks 300,536.25

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fits ______
Reserves ______________
Total capital
accounts_$ 113,857.80

598,514.55
218,330.14
4,210.39
63,048.02

Demand deposits ______
Time deposits _________
U. S. Gov’t deposits___
Public funds __________
Total dep.
884,103.10
$ 997,960.90

Total

25.000. 00
50.000. 00
35,007.80
3,850.00

997,960.90

Total

BANK OF KENSETT, KENSETT
Population 829.

White County

Chartered February 17, 1922. Telephone Number 191. Transit Number 81-649
Officers
A. P. Mills_______________ President
John H. Johnston____ Vice President
Mrs. Thelma Roth___________ Cashier

Directors
John H. Johnston
A. P. Mills

J. W. Sloan

STATEMENT OF JUNE 30, 1954
R6sourc6S

Loans and discounts___ $ 107,236.66
Overdrafts ____________
44.47
U. S. Gov’t obligations_ 194,000.00
Furniture and fixtures_
1.00
Banking house ________
1.00
Cash and due from banks 260,561.35
Other resources-----------1.00

Liabilities
Capital stock
_ _ _
$
Surplus fund
Undivided profits _
Total capital
accounts_$ 43,664.98
Demand d e p o s its ___
Public funds ____
Total d e p ._$ 518,047.80
Other liabilities

Total



.$ 561,845.48

Total

......

25,000.00
5,000.00
13,664.98

476,649.24
41,398.56
132.70

.$ 561,845.48

67

Fortieth Report

BANK OF KINGSTON, KINGSTON
Population 200.

Madison County
Transit Number 81-467

Chartered April 7, 1911.
Officers
A. B. Bunch_______________ President
Tom Hargis__________Vice President
Wilson Bunch_______________ Cashier
Wm. B. Bunch_________Asst. Cashier

Directors
A. B. Bunch
Tom Hargis
Fred Evon Bunch Ada B. McCracken
Wilson Bunch

STATEMENT OF JUNE 30. 1954
Resources
Liabilities
Loans and discounts___ $
40,537.06 Capital stock
— $
U. S. Gov’t obligations_
92,100.00 Surplus fund
Other bonds and securities
20,960.00 Undivided profits
Furniture and fixtures_
61.00 Reserves - _
Banking house__________
1.00 Total capital
Other real estate________
3.00
accounts_$ 31,701.47
Cash and due from banks 183,697.76
Demand deposits
Time depositsPublic funds
Total dep___ $ 305,658.35
T o ta l__________________ $ 337,359.82

10,000.00
10,000.00
6,701.47
5,000.00

212,383.70
83,274.65
10,000.00

T o ta l__________________ $ 337,359.82

FARMERS STATE BANK, LAKE CITY
Population 783.

Craighead County

Chartered February 28, 1950. Telephone Number 3221. Transit Number 81-766
Officers
H. H. McAdams------------------ President
Fred Carter_________ Vice President
Donald Timms_Asst. Vice President
L. D. Walker, Jr____________ Cashier
La Wanda Timms______Asst. Cashier

Directors
Fred Carter
M. S. Rubenstein
L. A. Cato
Donald Timms
W. O. Doak
G. E. Wood
H. H. McAdams

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ : 571,435.11 Capital stock____________ $
U. S. Gov’t obligations,_ 200,500.00 Surplus fund____________
Other bonds and securities
12,000.00 Undivided profits_______
Furniture and fixtures_
1.000.00 Reserves_______________
4.000.00 Total capital
Banking house__________
accounts__$ 108,881.24
Cash and due from banks 234,999.44
Demand deposits________
Time deposits___________
U. S. Gov’t deposits_____
Public funds____________
Deposits of banks_______
Total dep___ $ 915,053.31
T o ta l__



$1,023,934.55

Total,

50.000. 00
50.000. 00
5,500.22
3,381.02

407,031.93
154,798.74
13,537.50
288,890.16
50,794.98

$1,023,934.55

68

State of Arkansas: Bank Department

BANK OF LAKE VILLAGE, LAKE VILLAGE
Population 2,484. Chicot County
Chartered October 14, 1937. Telephone Number 46. Transit Number 81-598
Officers
Directors
W. T. Wynn______________ President Ben Angel
J. B. Gillison
W. C. Lovette
J. B. Gillison_________Vice President D. W. Brooks
E. T. Cashion__ Exec. Vice President E. T. Cashion
W. T. Wynn
James S. Suitt_____________ Cashier
Anne Rossini__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
$ 50,000.00
Loans and discounts------- $1,429,395.99 Capital stock
________
50,000.00
Overdrafts ____________
655.43 Surplus fund
167,351.27
Undivided profits
U. S. Gov’t obligations _ 348,056.25
18,198.08
Other bonds and securities 312,116.75 Reserves _
Furniture and fixtures__
8,065.00 Total capital
accounts_$ 285,549.35
Banking house__________
6,000.00
Cash and due from banks 460,305.62
1,617,785.22
Other resources_________
1,380.01 Demand deposits
Time deposits
_ _ _ _ 308,160.48
12,458.47
U. S. Gov’t deposits
341,250.86
Public funds_
Total dep___ $2,279,655.03
Other liabilities
T o ta l__________________ $2,565,975.05

_ _

Total

770.67
$2,565,975.05

CITIZENS BANK OF LAVACA, LAVACA
Population 373. Sebastian County
Chartered May 5, 1910.
Telephone Number 2341.
Transit Number 81-378
Officers
Directors
W. D. West_______________ President W. J. Echols
W. D. West
J. M. Llewellyn____________
J. M. Llewellyn
Vice Pres, and Cashier
Mrs. J. M. Llewellyn_Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ ! 156,042.32 Capital stock___________ $
U. S. Gov’t obligations_ 152,437.60 Surplus fund____________
Other bonds and securities
8,803.07 Undivided profits_______
Furniture and fixtures_
1,400.00 Reserves_______________
Banking house__________
800.00 Total capital
Cash and due from banks 193,263.20
accounts_$ 47,543.70
Demand deposits________
Time deposits___________
U. S. Gov’t deposits____
Public funds____________
Total dep___ $ 465,202.49
Total



.$ 512,746.19

Total

15.000. 00
15.000. 00
17,531.70
12.00

358,423.27
22,333.68
2,708.02
81,737.52

$ 512,746.19

69

Fortieth Report

LEACHVILLE STATE BANK, LEACHVILLE
Population 1,230.

Mississippi County

Chartered December 18, 1950. Telephone Number 82. Trahsit Number 81-769
Officers
J. Lee Bearden_____________ President
J. L. Swihart__________Vice President
Robert Braden_______________ Cashier
Fred F. Alexander______Asst. Cashier

J. Lee Bearden
LeRoy Carter
Nelson Henry

Directors
J. L. Swihart
Louis Weinberg

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 565,514.07
12.31
Overdrafts ____________
Other bonds and securities
2,502.90
Furniture and fixtu res_
10,497.59
Banking house ________
6,552.08
Other real e s a te _______
3,900.00
Cash and due from banks 243,924.83

Total '_______________ $ 832,903.78

Liabilities
Capital s t o c k __________$
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
98,794.41
accounts_$

50,000.00
40,000.00
8,794.41

Demand deposits ______
Time deposits__________
Public funds __________
Total dep. __$ 734,109.37

478,352.49
127,422.88
128,334.00

Total

.$ 832,903.78

LITTLE RIVER BANK, LEPANTO
Population 1,683.

Poinsett County

Chartered November 21, 1919. Telephone Number 108. Transit Number 81-622
Officers
D. F. Portis______________ President
B. H. Murphy_________Vice President
A. T. Bell__________________ Cashier
Will J. Riddick_______ Asst. Cashier
Merle L. Dickerson____Asst. Cashier

Directors
A. T. Bell
B. H. Mur'phy
E. P. Burton
D. F. Portis
W. H. Cross
J. C. Portis
Wayne Eason

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $1,209,691.92
U. S. Gov’t obligations_ 161,700.00
Other bonds; and securities
82,950.00
Furniture and fixtu res_
1.00
Cash and due from banks 454,779.83

Liabilities
Capital s t o c k __________ $ 50,000.00
Surplus f u n d __________
200,000.00
49,434.44
Undivided p r o fit s ______
Reserves _______________
6,795.96
Total capital
accounts_$ 306,230.40
Demand deposits ______ 1,222,842.22
Time deposits__________
154,469.21
U. S. Gov’t deposits___
13,115.51
Public funds __________
212,465.41
Total dep. _.$1,602,892.35

Total



$1,909,122.75

Total

$1,909,122.75

70

State of Arkansas: Bank Department

LESLIE STATE BANK, LESLIE
Population 610.
Chartered April 17, 1948.

Searcy County

Telephone Number 60.

Officers
Rex Killebrew_____________ President
Arthur J. Siegel_Vice Pres. & Cashier
Helen McBride_________Asst. Cashier

Transit Number 81-761

Directors
J. Virgil Blair
Arthur J. Siegel
Rex Killebrew
Page H. Thomas
Wm. J. Seeger

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 224,223.97
U. S. Gov’t obligations___ 179,755.07
Other bonds and securities
23,492.50
Furniture and fixtures_
2,779.69
Cash and due from banks 156,566.52
Other resources _______
61.75

Total

586,879.50

Liabilities
Capital s t o c k __________$
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$ 58,286.06

25,000.00
20,000.00
13,286.06

Demand deposits_______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total d e p ._$ 528,593.44

309,092.64
194,013.81
3,243.75
22,243.24

Total

586,879.50

PEOPLE’S BANK AND LOAN COMPANY, LEWISVILLE
Population 1,237.
Chartered August 25, 1911.

Lafayette County

Telephone Number 88.

Officers
W. D. Stewart_____________ President
J. C. Landes__________Ex. Vice Pres.
& Cashier
P. D. Burton, Jr______ Vice President

Transit Number 81-475

Directors
P. D. Burton
J. C. Landes
P. D. Burton, Jr.
W. D. Stewart
J. A. Harrel

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
Overdrafts ____________
U. S. Gov’t obligations __
Other bonds and securities
Furniture and fixtures_
Banking house ________
Cash and due from banks
Other resources________

Total

641,745.49
157.86
657,870.16
224,050.21
6,623.14
17,000.00
376,308.55
3,395.84

________________ $1,927,151.25




Liabilities
Capital s t o c k --------------- $
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$ 124,948.09

50,000.00
55,000.00
19,948.09

Demand deposits ______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total d e p ._$1,802,203.16

934,410.01
665,967.60
56,763.21
145,062.34

Total

________________ $1,927,151.25

71

Fortieth Report

BANK OF LINCOLN, LINCOLN
Population 771.
Chartered March 19, 1903.

Washington County

Telephone Number 4-1191.

Officers
W. T. Shannon______ ____ President
J. A. English__________ Vice President
B. J. Basden________________ Cashier
C. C. Karnes_________ -Asst. Cashier

B. J. Basden
E. W. Baugh
J. A. English
H. A. Lewis

Transit Number 81-384
Directors
R. H. Pitts
S. H. Pitts
W. T. Shannon

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 336,745.38
Overdrafts _ __
1,774.95
U. S. Gov’t obligations — 316,540.00
Other bonds and securities
99,615.00
1.00
Furniture and fixtures_
Banking house
1.00
Cash and due from banks 334,480.00

$1,089,157.33

Total

Liabilities
Capital stock _
$
Surplus fund _
_ _
Undivided profits
Total capital
accounts_$ 119,656.00
Demand deposits__
Time deposits
U. S. Gov’t deposits___
Public funds
Total dep._$ 969,501.33
Total

25,000.00
25,000.00
69,656.00

729,056.77
195,278.10
9,558.98
35,607.48

$1,089,157.33

METROPOLITAN TRUST COMPANY, LITTLE ROCK
(Not engaged in commercial banking)
Population 102,213.

Pulaski Cour.ty
Telephone Number FRanklin 4-1744

Chartered June 5, 1925
Officers
Justin Matthews, Jr_______ President
Somers Matthews___ Vice President
John P. Matthews________ Secretary
Eva M. Hale_______ Asst. Secretary

Directors
Lila B. Matthews
Martha D. Matthews
John P. Matthews
Justin Matthews, Jr.
Somers Matthews

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ i
Other bonds and securities
Furniture and fixtu res_
Other real e s ta te ______
Cash and due from banks
Other resources__ _____

Total



91,875.15
43,779.29
683.21
28,238.59
32,207.53
333,524.67

$ 530,308.44

Liabilities
Capital s t o c k __________ !
Surplus f u n d __________
Undivided profits_______
Reserves ______________
Total capital
accounts_$ 471,227.95

250,000.00
25,000.00
192,778.56
3,449.39

Bills p aya b le__________
Other liabilities________

58,210.65
869.84

Total

$ 530,308.44

72

State of Arkansas: Bank Department

WORTHEN BANK and TRUST COMPANY, LITTLE ROCK
Population 102,213.
Chartered August 4, 1902.

Pulaski County

Telephone Number FRanklin 4-4392.
Transit Number 81-7

Officers
James H. Penick_________ President
L. E. Dishongh_Vice Pres. & Cashier
John G. Potts________Vice President
James Keith__________ Vice President
G. A. Zimmerman____ Vice President
Gardner Lile__________ Vice President
Booker Worthen_____ Vice President
R. B. Elwood__________ Vice President
D. M. Murphy__ Asst. Vice President
Melvin Lawson_Asst. Vice President
M. S. Heim_____Asst. Vice President
R. M. McCown__ Asst. Vice President
M. L. Hogan__________ Asst. Cashier
Louis East_____________Asst. Cashier
W. G. Cobb____________ Asst. Cashier
E. O. Manees__________ Asst. Cashier
G. L. Alexander______Asst. Cashier
Edward M. Penick____ Asst. Cashier
Emmett L. Darr____________Auditor

Directors
William C. Allsopp
W. Robert Crow
L. E. Dishongh
Alfred Leymer
Frank Lyon
Edward M. Penick
James H. Penick
John G. Potts
Frank M. Silverman
Theo. C. Treadway
Booker Worthen

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts_$18,222,098.92
Overdrafts ___________
237.83
U. S. Gov’t obligations _ 21,017,463.06
Other bonds & securities 4,890,069.48
Furniture and fixtures,
80,000.00
200,000.00
Banking h ou se________
Cash and due from banks 18,813,686.43
Other resources________ 194,897.33

Liabilities
Capital stock____ _____$ 1,000,000.00
Surplus fund _________ 1,000,000.00
Undivided p r o fit s _____ 1,113 544.62
Reserves _____________
190,042.83
Total capital
accounts_$ 3,303,587.45
Demand deposits______ 28,209,730.02
Time deposits_________ 11,800,578.97
U. S. Gov’t deposits__
919,538.26
Public fu n d s __________ 8,935,650.04
Deposits of ban ks_____ 10,240,488.13
Total dep. $60,105,985.42
Other liabilities ______

Total




$63,418,453.05

Total

8,880.18

$63,418,453.05

73

Fortieth Report

BANK OF LOCKES BURG, LOCKESBURG
Population 714.
Chartered October 14, 1902.

Sevier County

Telephone Number 78.

Transit Number 81-385

Officers
M. L. Norwood__ 7________ President
Hugh Latimer------------ Vice President
R. C. Norwood______________ Cashier
Mrs. R. C. Norwood___ Asst. Cashier

Directors
Mary F. Hampson
M. L. Norwood
Hugh Latimer
R. C. Norwood

STATEMENT OF
Resources
Loans and discuonts___ ! 122,232.80
U. S. Gov’t obligations_ 206,950.00
Other bonds and securities
46,362.33
1.00
Furniture and fixtures_
1, 100.00
Banking house ________
Cash and due from banks 133,596.61

JUNE 30, 1954
Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fits ______
Total capital
accounts_$ 60,681.33
Demand deposits________
Time deposits___________
U. S. Gov’t deposits___
Public funds __________
Total dep._$ 449,561.41

510,242.74

Total

Total

25,000.00
25,000.00
10,681.33

364,131.68
41,941.64
1,290.75
42,197.34

$ 510,242.74

FIRST STATE BANK, LONOKE
Population 1,556.
Chartered March 9, 1935.

Lonoke Cour.ty

Telephone No. ORange 6-6357.

Officers
J. J. Fletcher_____________ President
W. H. Bransford______Vice President
Arthur Herring_____________ Cashier
E. L. White____________ Asst. Cashier

Transit No. 81-200

Directors
J. O. Bennett
W. W. McCrary, Jr
W. H. Bransford C. A. Miller
J. J. Fletcher
Guy E. Williams
M. E. Lyons

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtu res_
Banking house“ ___ .___
Cash and due from banks
Other resources________

Total



958,359.04
562,168.75
212,460.72
11,217.72
1.00
310,056.13
2,172.93

$2,056,436.29

Liabilities
Capital s t o c k __________ $ 25,000.00
Surplus fund____________
60,000.00
Undivided p r o fit s ______
93,111.96
Total capital
accounts_$ 178,111.96
------------------Demand deposits ______ 1,419,432.26
Time deposits__________
32,640.61
U. S. Gov’t deposits___
11,899.76
Public funds __________
389,351.70
Deposits of ban k s_____
25,000.00
Total dep. __$1,878,324.33
Total

$2,056,436.29

74

State of Arkansas: Bank Department

FARMERS BANK AND TRUST COMPANY, MAGNOLIA
Population 6,918. Columbia County
Chartered September 26, 1906. Telephone Number 1. Transit Number 81-163
Officers
Directors
R. S. Warnock, Jr------------- President
R. S. Foster
H. A. Reid
W. L. Jameson, J r .___ Vice President
W. E. Fullenwider J. A. W. Souter
R. S. Foster___________Vice President
W. L. Jameson, Jr.W. K. Twitty
W. N. Paschal________ Vice President
W. N. Paschal
R. S. Warnock, Jr.
W. K. Twitty_______________ Cashier
Mrs. T. H. Reeves V. B. Wood
H. A. Reid____________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 362,829.37
Capital s t o c k __________ $ 50,000.00
U. S. Gov’t obligations_ 6,120,059.04 Surplus f u n d __________
200,000.00
Other bonds and securities 407,557,50 Undivided p r o fit s ______ 268,503.75
Furniture and fixtures_
25,588.00 Total capital
Banking h ou se _________
39,393.00
accounts_$ 518,503.75
Other real e s ta t e _____
42.00
Cash and due from banks 1,122,067.03 Demand deposits ______ 5,758,651.15
Other resources________
4.00 Time deposits__________ 1,553,572.00
U. S. Gov’t deposits___
39,343.05
207,469.99
Public Funds___________
Total d e p ._$7,559,036.19
Total _______________ $8,077,539.94

Total _______________ $8,077,539.94

BANK OF MALVERN, MALVERN
Population 8,072. Hot Spring County
Chartered June 24, 1889.
Telephone Number 66.
Transit Number 81-131
Directors
Officers
Robert Smith, Jr__________ President Mrs. Flora B. Adams Robert Smith, Jr.
J. Elmo Young________Vice President
Ray Boyle
J. Elmo Young
R. R. Chamberlain___ Vice President R. R. Chamberlain Tom Ross Young
Jester Jones________________ Cashier Charles S. Smith
Miss Hester H. Smith-_Asst. Cashier
Foy G. Ritchey________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 804,478.34
Capital s t o c k __________ $ 100,000.00
Overdiafts ____________
1,045.47 Surplus fund __________
100, 000.00
U. S. Gov’t obligations_ 2,261,225.78 Undivided p r o fit s ______
83,043.98
Other bonds and securities 239,408.55 Reserves ______________
23,206.31
Furniture and fixtures __
10,450.67 Total capital
Banking h o u se _________
1,975.00
accounts._$ 306,250.29
Cash and due from banks 916,353.19
Other resources________
9,910.00 Demand deposits ______ 3,320,797.97
Time deposits__________
100,324.68
U. S. Gov’t deposits___
95,624.70
Public funds __________
404,031.47
Deposits of ban k s______
17,817.89
Total d e p ._$3,938,596.71
Total



$4,244,847.00

Total

$4,244,847.00

75

Fortieth Report

PEOPLES BANK, MAMMOTH SPRING
Population 870.
Chartered February 8, 1921.

Fulton County

Telephone Number 44.

Officers
J. F. Martin_______________ President
Cloy H. Culver Vice Pres. & Cashier
Lem W. Lewis_________Asst. Cashier

Transit Number 81-645

Directors
Auda M. Culver
W. L. Miller
Cloy H. Culver
M. H. Powell
J. F. Martin

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 116,613.02
141.19
Overdrafts __
U. S. Gov’t obligations_ 480,000.00
941.00
Furniture and fixtures_
Banking house
1.00
Cash and due from banks 181,013.87

Liabilities
Capital stock
_ $
Surplus fund
____
Undivided profits
Total capital
accounts_$ 71,254.67

666,400.21
17,800.00
2,642.22
20,612.98

Demand deposits
_Time deposits
U. S. Gov’t deposits___
Public funds _
Total dep.
707,455.41
Total

_

$ 778,710.08

Total __

25,000.00
10,000.00
36,254.67

$ 778,710.08

MERCHANTS AND PLANTERS BANK, MANILA
Population 1,729.
Chaitered March 16, 1948.

Mississippi County

Telephone Number 30.

Officers
E. C. Fleeman_____________ President
H. D. Alston__________Vice President
Wm. G. Fox____ :___________Cashier
Peggy Gammill________Asst. Cashier

Transit Number 81-710

Directors
H. D. Alston
Wm. G. Fox
Wm. Borowsky
H. B. Perkins
E. C. Fleeman
L. E. Townsend
Fred Fleeman

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 537,363.23
Overdrafts
120.81
U. S. Gov’t obligations_
19,955.20
39,000.00
Other bonds and securities
11,600.80
Furniture and fixtures_
7,530.49
Banking house
Cash and due from banks 276,025.51

Total

____

- -




$ 891,596.04

Liabilities
Capital stock
$
Surplus fund
Undivided profits
Total capital
accounts_$ 142,904.51
Demand deposits
Time deposits
U. S. Gov’t deposits___
Public funds _
Total dep. _$ 748,691.53
Total

_____

_

75,000.00
35,000.00
32,904.51

519,727.75
87,390.54
1,185.23
140,388.01

$ 891,596.04

76

State of Arkansas: Bank Department

BANK OF MANSFIELD, MANSFIELD
Population 869. Sebastian County
Chartered February 16, 1939. Telephone Number 7. Transit Number 81-249
Officers
Directors
G. R. Holbrook___________ President
Gilmer K. Dixon W. W. Holbrook
Gilmer K. Dixon_____ Vice President
B. R. Holbrook
S. M. Taylor
W. W. Holbrook--------------------Cashier G. R. Holbrook
G. G. Woods
B. R. Holbrook________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $ 280,441.70
Capital stock___________ $ 30,000.00
765.11 Surplus fund___________
Overdrafts__ ____
45,000.00
U. S. Gov’t obligations_ 700,225.50 Undivided profits_______
25,983.88
Other bonds and securities 149,241.60 Reserves_______________
53,953.05
Furniture and fixtures_
5,000.00 Total capital
Banking house__________
4,000.00
accounts-_$ 154,936.93
Cash and due from banks 359,334.38
Demand deposits________ 906,799'.04
316,762.82
Time deposits___________
U. S. Gov’t deposits____
22,170.21
98,339.29
Public funds____________
Total dep___ $1,344,071.36
Total

$1,499,008.29

Total

$1,499,008.29

FARMERS AND MERCHANTS BANK, MARIANNA
Population 4,530. Lee County
Chartered January 9, 1942. Telephone Number 585. Transit Number 81-744
Officers
Directors
H. L. P e t ty _______________ President
E. D. Conner
W. V. Moye
Thos. H. Gist
W. V. Moye__________Vice President
Ike Panich
W. R. Jones___ Vice Pres. & Cashier
A. C. Mahan, Jr. H. L. Petty
Mrs. Nelle R. Stallings.Asst. Cashier
Glenn U. Miller Henry B. White
John F. Miller
Harvey W. Wilson
Mrs. Margaret D. Harris Asst. Cashier
W. P. Mixon
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
50.000. 00
Loans and discounts____ $1,161,903.81 Capital stock___________ !
75.000.00
31.79 Surplus fund___________
Overdrafts ____________
9,927.81 Undivided profits_______
75,753.49
U. S. Gov’t obligations_
18,750.00 Reserves _______________
Other bonds and securities
22,303.89
17,005.70 Total capital
Furniture and fixtures—
accounts_$ 223,057.38
Cash and due from banks 533,112.06
8,526.25
Other resources_________
Demand deposits________ 1,372,525.01
Time deposits___________
31,000.00
U. S. Gov’t deposits_____
10,781.85
Public funds____________
111,893.18
Total dep___ $1,526,200.04
Total



$1,749,257.42

Total

$1,749,257.42

77

Fortieth Report

CITIZENS BANK, MARION
Population 883.
Chartered March 15, 1938.

Crittenden County

Telephone Number 1.

Officers
J. F. Fogleman____________ President
A. J. Lumpkin_Vice Pres. & Cashier
Mrs. Mary L. Hoskins_Asst. Cashier

Transit Number 81-742

Directors
Perry Barton
Allen B. Helms
Wilson P. Barton
A. J. Lumpkin
J. F. Fogleman
J. C. Mann

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $
Overdrafts_____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house__________
Cash and due from banks

Total

505,541.71
18.67
853.585.16
176,572.47
1.00
1.00
424.513.17

$1,960,233.18

Liabilities
Capital stock___________ $ 40,000.00
Surplus fund___________
40,000.00
Undivided profits________ 103,954.60
Total capital
accounts_$ 183,954.60

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

Demand deposits_________ 1,261,411.13
Time deposits___________
149,746.70
U. S. Gov’t deposits____
14,686.25
Public funds____________
350,434.50
Total dep.___$l,776,278.58
T ota l__________________ $1,960,233.18

MARKED TREE BANK, MARKED TREE
Population 2,878.
Chartered March 3, 1932.

Poinsett County

Telephone Number 60.

Transit Number 81-705

Officers
Directors
John Brunner---------------------President John Brunner
Mrs. H. R. Ritter
John Brunner, Jr-----Exec. Vice Pres. John Brunner, Jr. L. V. Ritter
Louis H. Goad_______________ Cashier Frank Brunner
L. V. Ritter, Jr.
Helen Stewart________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
Overdrafts ____________
U. S. Gov’t obligations _
Other bonds and securities
Furniture and fixtu res_
Cash and due from banks

Total



912,759.66
177.99
740,500.00
14,000.00
12,617.95
416,401.06

$2,096,456.66

Liabilities
Capital s t o c k __________ $
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$ 214,103.76

50.000. 00
75.000.00
89,103.76

Demand deposits ______ 1,483,418.09
Time deposits__________
132,080.59
U. C. Gov’t deposits___
18,719.28
Public funds __________ 248,134.94
Total d e p ._$1,882,352.90
Total

$2,096,456.66

78

State of Arkansas: Bank Department

THE CITIZENS BANK, MARSHALL
Population 1,189.

Searcy County

Chartered February 26, 1940. Telephone Number 27. Transit Number 81-715
Officers
Mrs. Mary Massey________President
Leo Watts__________________ Cashier
Mrs. Jimmie Lee Falls_Asst. Cashier

M. F. Cash
Dewey Massey
Mary Massey

Directors
Ancil Mays
Leo Watts

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
Overdrafts ____________
U. S. Gov’t o b lig a to rs _
Other bonds and securities
Furniture and fixtures_
Banking house ________
Other real e s ta te _____
Cash and due from banks

339,191.51
3.89
282,000.00
174,049.04
3,574.97
10,540.14
4,718.84
580,245.71

Total _______________ $1,394,324.10

Liabilities
Capital s t o c k _
_$
Surplus fund
Undivided profits _
Total capital
accounts_$ 84,008.40
Demand deposits _ _ _
Time deposits
__
U. S. Gov’t deposits___
Public f u n d s ___
Total dep. __$1,310,315.70

25,000.00
35.000.00
24,008.40

632,459.20
548,947.92
7,933.97
120,974.61

$1,394,324.10

Total

BANK OF MARVELL, MARVELL
Population 1,121.

Phillips County

Chaitered January 8, 1903. Telephone Number 2564.
Officers
Weldon Jackson___________President
H. B. Willis______________
Exec. Vice President and Cashier
Edmund Hirsch______ Vice President
F. H. Webster. _____ Vice President
Evelyn S. Cooke_____ Asst. Cashier

Transit Number 81-393

Directors
Saul Davidson
Rachel Swift
K. J. Graves
F. H. Webster
Edmund Hirsch
H. B. Willis
Weldon Jackson

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 793,808.82 Capital stock
- - $ 50,000.00
Overdrafts ____________
32.78 Surplus fund
40,000.00
U. S. Gov’t obligations_ 141,700.00 Undivided profits
27,859.69
Other bonds and securities
28,500.00 Reserves
40,000.00
_ __
1, 000.00 Total capital
Furniture and fixtures_
2 , 000.00
Banking house ________
accounts_$ 157,859.69
Cash and due from banks 180,023.38
Demand deposits _ _
923,407.89
7,000.00
Time deposits _
58,797.40
Public funds
Total d e p ._$ 989,205.29
Total



$1,147,064.98

Total

$1,147,064.98

79

Fortieth Report

BANK OF McCRORY, McCRORY
Population 1,115. Woodruff County
Chartered June 8, 1903.
Telephone Number 3221.
Transit Number 81-261
Officers
Directors
I. N. Arnof______________ President I. N. Arnof
Vance M. Thompson__ Vice President John D. Eldridge, Jr.
John D. Eldridge, Jr.__Vice President Vance M. Thompson
Otto Miller_____ Exec. Vice President
Curtis A. Houston___ Cashier & Sec.
Mrs. Ruth F. Hale______Asst. Cashier
James W. Taylor____ Asst. Cashier
Mrs. Imogene C. Beeson Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,319,394.55 Capital stock
$ 50,000.00
Overdrafts _
3,321.39 Surplus fund _
50,000.00
U. S. Gov’t obligations_ 155,300.00 Undivided profits
63,699.95
Other bonds and securities 452,721.39 Reserves
8,503.18
Furnituie and fixtures_
6,785.00 Total capital
1.00
accounts_$ 172,203.13
Banking house
Other real estate
1.00
Cash and due from banks 427,381.95 Demand deposits
1,768,809.38
Other resources _ _ _
194.23 Time deposits
290,320.00
236,683.33
U. S. Gov’t deposits___
Public funds
110,084.67
Total d e p ._$2,192,897.38
Total

$2,365,100.51

Total

$2,365,100.51

McGEHEE BANK, McGEHEE
Population 3,854. Desha County
Chartered December 5, 1933. Telephone Number 31. Transit Number 81-585
Officers
Directors
R. G. Verser_____ Chairman of Board
R. L. Beck
W. R. Stephens
Sam Bowman______________ President
Sam Bowman R. B. Stone
J. T. Clower R. G. Verser
J. W. Willoughby, Jr._Vice President
J. W. Willoughby, Jr.
J. R. Rich_________________ .Cashier D. C. Loyd
W. A. Smith
Mark E. Sherland, Jr. Asst. Vice Pres.
J. B. Morgan__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Capital stock___________ $ 200,000.00
Loans and discounts____ $1,877,409.29
Overdrafts_____________
1,849.24 Surplus fund____________
200,000.00
U. S. Gov’t obligations. _ 1,118,973.88 Undivided profits_______
39,776.40
Other bonds and securities 1,016,390.12 Reserves_______________
19,955.92
Furniture and fixtures._
13,020.30 Total capital
accounts_$ 459,732.32
Cash and due from banks 743,955.69
Other resources_________
3,828.91
Demand deposits________ 2,458,955.14
Time deposits___________ 1,157,919.69
U. S. Gov’t deposits_____ 138,654.03
Public funds____________
550,095.28
Total dep.___$4,305,624.14
Other liabilities________
Total ^ _________________ $4,775,427.43



Total

10,070.97

_____________$4,775,427.43

80

State of Arkansas: Bank Department

THE BANK OF MELBOURNE, MELBOURNE
Population 568.
Chartered July 29, 1896.

Izard County

Telephone Number 17.

Officers
J. C. Miller_______________President
Tom Simpson_________Vice President
A. J. Younger______________ Cashier
Ernestine Marlin_____ Asst. Cashier
Opal Troxler_________ Asst. Cashier

Transit Number 81-397

J. C. Miller
Tom Simpson

Directors
A. J. Younger

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ J 199,414.86
38.76
Overdrafts_____________
U. S. Gov’t obligations_ 396,000.00
35,909.80
Other bonds and securities
1.00
Furniture and fixtures__
Banking house__________
1.00
Cash and due from banks 147,834.26

Liabilities
Capital stock___________ !
Surplus fund___________
Undivided profits_______
Total capital
accounts_$
72,589.32
Demand deposits________
U. S. Gov’t deposits------Public funds____________
Total dep___ $ 706,610.36

589,743.34
5,492.42
111,374.60

Total

Total

779,199.68

779,199.68

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

25.000. 00
25.000.00
22,589.32

THE UNION BANK OF MENA, MENA
Population 4,445.
Chartered July 25, 1934.

Polk County

Telephone Number 85.

Officers
W. J. Lauck--------------------- President
Bill Lauck Wood______Vice President
W. L. Boyd_Ex. Vice Pres. & Cashier
Mrs. Ramona Hensley_Asst. Cashier

W. L. Boyd
W. J. Lauck

Transit Number 81-98
Directors
Bill Lauck Wood

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $
U. S. Gov’t obligations__
Other bonds and securities
Furniture and fixtures_
Banking house__ _______
Cash and due from banks

702,565.57
809.453.13
502,377.78
11.294.89
10.433.90
550.364.13

Liabilities
Capital stock___________ $
Surplus fund____________
Undivided profits_______
Total capital
accounts_$ , 206,546.46

75,000.00
50,000.00
81,546.46

Demand deposits________ 2,070,196.94
Time deposits___________
107,326.60
U. S. Gov’t deposits_____
34,564.99
Public funds____________
167,854.41
Total dep___ $2,379,942.94
Total



$2,586,489.40

Total

$2,586,489.40

Fortieth Report

81

MONETTE STATE BANK, MONETTE
Population 1,114. Craighead County
Chartered December 29, 1936. Telephone Number 50. Transit Number 81-724
Officers
Directors
R. E. Jacobs____ President & Cashier
Jerry Cohen
B. Frank Williams
B. Frank Williams_____Vice President
R. E. Jacobs
F. H. Heise____________Asst. Cashier
Thurman Miller.Mgr. Caraway Office
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $1,055,253.70 Capital stock___________ $ 50,000.00
50,000.00
Overdrafts_____________
545.18 Surplus fund___________
81,529.51
U. S. Gov’t obligations __ 41,000.00 Undivided profits_______
Furniture and fixtures-_
8,380.78 Total capital
11,416.45
accounts_$ 181,529.51
Other real estate_______
Cash and due from banks 995,514.11
Other resources_________
3,702.62 Demand deposits________ 1,594,751.91
Time deposits__________
148,938.64
U. S. Gov’t deposits_____
2,046.68
Public funds____________
110,750.01
Deposits of banks_______
77.796.09
Total dep___ $1,934,283.33
T ota l__________________ $2,115,812.84

T ota l__________________ $2,115,812.84

COMMERCIAL LOAN AND TRUST COMPANY, MONTICELLO
Population 4,501. Drew County
Chartered November 29, 1912. Telephone Number 228. Transit Number 81-534
Officers
Directors
J. D. McCloy______________ President
J. A. Baxter
John B. Posey
M. L. Sigman________Vice President
J. F. Brann
James A. Ross
Joe McCloy_____ Exec. Vice President
E. R. Lambert Joe Shelton
Mrs. Mabel C. Sherry________ Cashier Joe McClov
M. L. Sigman
& Trust Offit er
J. D. M.Cloy
Virgil J. Trotter, Jr.
Mrs. Velma Allen______Asst. Cashier
Mrs. Hazel Dickinson___Asst. Cashier
STATEMENT OF JUNE 30. 1954
Resources
Liabilities
Capital s t o c k __________ $ 60,000.00
Loans and discounts___ $ 650,346.03
60,000.00
Overdrafts ____________
219.33 Surplus fund __________
U. S. Gov’t obligations_ 545,200.00 Undivided p r o fit s ______
56,599.13
50,000.00
Other bonds and securities 305,350.20 Reserves ______________
Furniture and fixtu res_
1,646.84 Total capital
accounts_$ 226,599.13
Banking house ________
5,500.00
Other real e s ta te ______
1.00
Cash and due from banks 360,545.60 Demand deposits ______ 1,348,073.89
66,825.92
Other resources-----------197.01 Time deposits__________
U. S. Gov’t deposits___
15,889.42
Public funds __________
211,617.65
Total d e p ._$1,642,416.88
Total

________________ $1,869,006.01




Total

________________ $1,869,006.01

82

State of Arkansas: Bank Department

UNION BANK AND TRUST COMPANY, MONTICELLO
Population 4,501.

Drew County

Chartered September 15, 1915. Telephone Number 31. Transit Number 81-156
Officers
V. J. Trotter______________ President
Adrian Williamson___Vice President
Charles W. Daniel___ Vice President
& Cashier
Virginia Pierce_____Asst. Vice Pres.
F. L. Lance___________Asst. Cashier
Mrs. Aileen Coston____ Asst. Cashier
Jimmie L. Taylor_____ Asst. Cashier

Directors
J. P. Price
R. A. Adcock
R. F. Trotter
Brown Calhoun
Geo. R. Campster V. J. Trotter
Chas. W. Daniel Adrian Williamson
Zach McClendon M. F. Wright

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $1,382,270.22
Overdrafts ____________
354.56
U. S. Gov’t obligations_ 422,900.00
Other bonds and securities 1,463,656.29
Furniture and fixtures_
1.00
Banking house ________
25,000.00
Cash and due from banks 643,621.71
Other resources________
755.60

Total




$3,938,559.38

Liabilities
Capital s t o c k __________1
Surplus f u n d __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$ 537,148.23

100,000.00
100,000.00

132,491.64
204,656.59

Demand deposits ______ 2,700,372.79
Time deposits__________
241,853.39
U. S. Gov’t deposits___
54,889.86
Public funds __________
397,784.02
Deposits of b an k s______
6,511.09
Total dep. __$3,401,411.15
Total

$3,938,559.38

Fortieth Report

83

THE FIRST STATE BANK, MORRILTQN
Population 5,483. Conway County
Chartered November 26, 1930. Telephone Number 10. Transit Number 81-144
Officers
Directors
R. H. Dickenhorst_________ President R. H. Dickenhorst L. T. Oates
S. E. McReynolds_Exec. Vice Pres.
W. E. Love
A. F. Williams
L. T. Oates___________Vice President
S. R. McKinley
C. E. Linebarger-------------------Cashier S. E. McReynolds
H. J. Kordsmeier_____ Asst. Cashier
S. W. Callihan________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,333,619.28
Capital s t o c k __________$ 100,000.00
Overdrafts ____________
68.76 Surplus fund __________
100,000.00
U. S. Gov’t obligations_ 2,600,373.76 Undivided p r o fit s _____
200,227.98
Other bonds and securities 428,142.05 Reserves ______________
33,828.90
Banking house ________
30,000.00 Total capital
accounts_$ 434,056.88
Other real e s ta te ______
1.00
Cash and due from banks 874,593.60
Demand deposits _____ 4,175,835.09
Time deposits__________ ' 412,662.65
U. S. Gov’t deposits___
50,398.47
193,845.36
Public fu n d s ___________
Total dep. __$4,832,741.57
Total _______________ $5,266,798.45

Total _______________ $5,266,798.45

THE BANK OF MONTGOMERY COUNTY, MOUNT IDA
Population 566. Montgomery County
Chartered November 26, 1930. Telephone Number 149. Transit Number 81-404
Officers
Directors
J. A. Rice________________ President J. A. Rice
Arthur Standridge
Arthur Standridge___ Vice President Sam G. Smith
H. D. Williams
H. D. Williams______________ Cashier
Juanita Standridge___ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts----- $ 345,871.37
Capital s t o c k __________$ 25,000.00
44.82 Surplus fund __________
35,000.00
Overdrafts ____________
U. S. Gov’t obligations_ 324,700.00 Undivided p r o fit s ______
24,410.40
Other bonds and securities
18,154:89 Reserves ______________
7,924.91
7,378.35 Total capital
Furniture and fixtu res_
1.00
accounts_$
92,335.31
Banking house ________
1.00
Other real e s ta te ______
Cash and due from banks 259,496.61 Demand deposits ______ 543,069.29
Time deposits _________
165,495.05
U. S. Gov’t deposits___
14,596.05
Public funds __________
140,152.34
Total d e p ._$ 863,312.73
Total



.$ 955,648.04

Total

.$ 955,648.04

84

State of Arkansas: Bank Department

THE PEOPLES BANK, MOUNTAIN HOME
Population 2,217.
Chartered August 10, 1906.

Baxter County

Telephone Number 6.

Officers
Powers L. Fowler________ President
Don J. Baker_________Vice President
Neil Nelson________________ Cashier

Transit Number 81-402
Directors
Powers L. Fowler
J. Paul Morgan
Neil Nelson

Don J. Baker
Earl Bryant
Wylo Dyer

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts____ $ 903,421.32
Overdrafts ____________
397.96
U. S. Gov’t obligations-_ 1,208,101.98
Other bonds and securities 261,300.05
Furniture and fixtures-_
9,000.00
Banking house__________
8,000.00
Cash and due from banks 631,082.64

T o ta l______„ ___________ $3,021,303.95

Liabilities
Capital stock__________ $
Surplus fund___________
Undivided profits_______
Reserves ______________
Total capital
accounts_$ 236,442.21

50,000.00
75,000.00
96,276.75
15,165.46

Demand deposits________ 2,596,975.39
U. S. Gov’t deposits______
900.00
Public funds____________
186,986.35
Total dep.___$2,784,861.74
T o ta l__________________ $3,021,303.95

BANK OF MOUNTAIN VIEW, MOUNTAIN VIEW
Population 1,043.
Chartered July 21, 1915.

Stone County

Telephone Number 2271.

Officers
Hubert Hinkle_____________ President
H. S. Mabry, Jr__________ Vice Pres.
and Cashier
Reva Killian_________ Asst. Cashier
Marie Goodman_______Asst. Cashier

Transit Number 81-403

Glen Hinkle
Hubert Hinkle

Directors
H. S. Mabry, Jr.
G. R. Sansom

STATEMENT OF JUNE 30, 1954
Resources

Loans and discounts____ $ 255,366.11
U. S. Gov’t obligations__
358,100.00
Other bonds and securities
95,000.00
Furniture and fixtures __
1,094.76
Banking house__________
1,000.00
Cash and due from banks 143,023.59

Total




.$ 853,584.46

Liabilities

Capital stock___________ :
Surplus fund___________
Und’vided profits_______
Total capital
accounts—$ 107,585.79
------------------Demand deposits________
Public funds____________
Total dep___ $ 745,998.67
Total

25.000. 00
40.000. 00
42,585.79

659,518.99
86,479.68

$ 853,584.46

85

Fortieth Report

BANK OF MULBERRY, MULBERRY
Population 952.
Chartered January 15, 1902.

Crawford County

Telephone Number 40.

Officers
S. B. Stevinson___________President
T. J. House___ Vice Pres. & Cashier
Mrs. T. J. House______Asst. Cashier
C. D. Chastain________Asst. Cashier

C. R. Counts
B. J. Farmer
T. J. House

Transit Number 81-257
Directors
Dr. O. J. Kirksey
S. B. Stevinson

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts------- !
Overdrafts_____________
U. S. Gov’t obligations. _
Other bonds and securities
Furniture and fixtures_
Banking house__________
Cash and due from banks
Other resources_________

412,184.62
1,066.52
298,600.00
86,145.94
1.00

Liabilities
Capital stock___________ I
Surplus fund___________
Undivided profits_______
Total capital
accounts_$ 128,348.44

1.00

310,971.87
3,117.26

891,562.78
309.09
13,051.02
74,936.45

Demand deposits________
Time deposits__________
U. S. Gov’t deposits____
Public funds____________
Total dep___ $ 979,859.34
Other liabilities.

$1,112,088.21

Total

Total

25.000. 00
25.000.00
78,348.44

3,880.43
$1,112,088.21

PIKE COUNTY BANK, MURFREESBORO
Population 1,079.
Chartered December 19, 1904.

Pike County

Telephone Number 5.

Officers
John Beavers_____________ President
Clarence Anthony___ Vice President
Charles Darnall_____________ Cashier
Cleo Risner____________ Asst. Cashier

Transit Number 81-405

Directors
T. F. Alford
Glenn Hickey
Clarence Anthony Mabel B. Manville
John Beavers
Carle Robbins
Charles W. Darnall

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house__________
Cash and due from banks
Other resources_________

Total



463,449.41
700,471.07
201,549.55
9,175.00
5,000.00
582,730.90
1.00

$1,962,376.93

Liabilities
Capital stock___________$
Surplus fund___________
Undivided profits_______
Total capital
accounts_$ 131,278.36

37,500.00
37,500.00
56,278.36

Demand deposits_______ 1,066,754.04
Time deposits___________
297,207.64
Public funds____________
467,136.89
Total dep___ $1,831,098.57
Total

$1,962,376.93

State of Arkansas: Bank Department

86

BANK OF NETTLETON, NETTLETON
Population 1,382.

Craighead County

Chartered February 13, 1904. Telephone No. WEbster 2-2131. Transit No. 81-406
L. D.
Fred
E. E.
R. E.

Officers
Kiech_______________ President
Shauver________Vice President
Hale__________________ Cashier
Thomas__________ Asst. Cashier

Directors
E. E. Hale
Veon C. Kiech
L. D. Kiech
Fred Shauver
Maurice C. Kiech

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $1,173,143.17
Overdrafts ____________
50.95
U. S. Gov’t obligations_ 311,000.00
Other bonds and securities
94,911.00
Furniture and fixtures_
1.00
3,340.00
Banking house ________
Cash and due from banks 280,349.67

$1,862,795.79

Total

Liabilities
Capital s t o c k __________$ 80,000.00
Surplus f u n d __________
110,000.00
Undivided p r o f it s ______
41,107.86
Total capital
accounts_$ 231,107.86
Demand deposits ______ 1,495,085.92
U. S. Gov’t deposits___
234.29
Public funds __________
112,461.56
Deposits of b a n k s _________________ 23,906.16
Total dep. _ .$1,631,687.93
$1,862,795.79

Total

BANK OF NEWARK, NEWARK
Population 913.
Chartered October 10, 1944.

Independence County

Telephone Number 16.

Officers
W. J. Freeze_____________ President
O. L. Bone__________ Vice President
Stella Edwards______ Vice President
J. L. Magness_______________ Cashier
C. P. Edwards________Asst. Cashier

Transit Number 81-748

Directors
O. L. Bone
W. J. Freeze
C. P. Edwards
J. L. Magness
Stella Edwards
Ed V. Wilson

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 191,761.56
U. S. Gov’t obligations
342,000.00
Furniture and fixtures
1,000.00
Cash and due from banks 253,418.00

Total



.$ 788,179.56

Liabilities
Capital s t o c k __________ $
Surplus fund __________
Undivided p r o fits ______
Total capital
accounts_$
66,506.28

25,000.00
22,500.00
19,006.28

Demand deposits ______
U. S. Gov’t deposits___
Public funds __________
Total dep. __$ 721,673.28

614,895.20
3,075.00
103,703.08

Total

$ 788,179.56

Fortieth Report

87

BANK OF NEW EDINBURG, NEW EDINBURG
Population 500. Cleveland County
Chai’tered August 22, 1904. Telephone Number 879J2. Transit Number 81-408
Officers
Directors
E. T. Attwood------------------ President E. T. Attwood
W. K. Parham
Ray Attwood----- Vice Pres. & Cashier Ray Attwood
Geneva Attwood________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 130,083.30 Capital s t o c k ______
_$ 25,000.00
U. S. Gov’t obligations_ 154,000.00 Surplus fund
10,000.00
Other bonds and securities
16,500.00 Undivided profits
5,223.72
1.00 Total capital
Furniture and fixtures_
accounts_$ 40,223.72
1.00
Banking h o u s e _
Cash and due from banks
52,290.51
240,303.77
Demand deposits
25,429.67
Time deposits
- _
U. S. Gov’t deposits___
7,681.25
39,029.20
Public funds . . . __
Total d e p ._$ 312,443.89
Other liabilities
Total

_

$ 352,875.81

Total

_

208.20
$ 352,875.81

MERCHANTS AND PLANTERS BANK, NEWPORT
Population 6,254. Jackson County
Chartered March 20, 1946. Telephone Number 225. Transit Number 81-756
Officers
Directors
P. L. Copeland____________ President R. C. BiggadikeW. A. McCartney
W. A. McCartney------- Vice President D. H. Burton Ralph McDonald
L. H. Conditt--------- Exec. Vice Pres. P. L. Copeland Leonidas Mack
A. G. Johnson Vice Pres. & Cashier R. G. Holden
Fred M. Pickens, Jr.
Ellen Giles____________ Asst. Cashier
Paul K. Holmes, Jr.
Ada Marie Mink________Asst. Cashier
Nora Lee Wilson______Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,514,645.93 Capital s t o c k __________ $ 75,000.00
U. S. Gov’t obligations_ 308,000.00 Surplus f u n d __________
100,000.00
Other bonds and securities 216,621.28 Undivided p r o fit s ______
53,755.33
Furniture and fixtu res_
14,965.04 Reserves _______________
20,338.97
Cash and due from banks 688,242.78 Total capital
accounts_$ 249,094.30
Demand deposits ______ 1,887,463.72
Time deposits__________
166,163.38
U. S. Gov’t deposits___
23,520.69
Public funds __________ 330,490.27
Deposits of ban k s______
85,666.87
Total dep. _.$2,493,304.93
Other liabilties ________
Total

________________ $2,742,475.03




Total

75.80

________________ $2,742,475.03

88

State of Arkansas: Bank Department

THE TWIN CITY BANK, NORTH LITTLE ROCK
Population 44,097.

Pulaski County

Chartered March 21, 1935. Telephone Number FR5-5361. Transit Number 81-54
Officers
H. O. Topf-------------------------President
R. J. Rice____ Vice Pres. & Cashier
Ray 0. Clifton_________ Asst. Cashier
J. Grayson Dickson_____Asst. Cashier
C. H. Fuller_____________Asst. Cashier
W. R. Rice__________________ Auditor

R. J. Rice
H. 0. Topf

Directors
J. E. Wright

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $2,000,515.90
U. S. Gov’t obligations
4,694,010.94
Other bonds and securities 118,731.62
Furniture and fixtu res_
20,000.00
Banking house ________
21,000.00
Cash and due from banks 2,397,396.67
Other resou rces________
3,338.10

Liabilities
Capital s t o c k __________ $ 150,000.00
Surplus f u n d __________
150,000.00
Undivided p r o fit s ______ 169,716.54
Total capital
accounts_$ 469,716.54
Demand deposits ______ 6,042,781.84
Time deposits__________ 1,351,893.74
Public funds __________ 1,390,332.08
Total d e p ._$8,785,007.66
Other liabilities________

Total




$9,254,993.23

Total

269.03
$9,254,993.23

89

Fortieth Report

MISSISSIPPI COUNTY BANK, OSCEOLA
Population 5,006.
Chartered March 15, 1928.

Mississippi County

Telephone Number 500.

Officers
G. H. Florida___ Chairman of Board
C. B. Wood________________ President
H. F. Ohlendorf______Vice President
J. W. Farris____ Ex. V. P. & Cashier
C. L. Anderson, Jr.___ Asst. Cashier
Mary E. Balloue_______ Asst. Cashier
Loraine Owen__________ Asst. Cashier
Bill Landrum___________Asst. Cashier
Nora Wise_____________ Asst. Cashier

R. C. Branch
J. W. Farris
G. H. Florida

Transit Number 81-387
Directors
A. Liverant
H. F. Ohlendorf
C. B. Wood

STATEMENT OF JUNE 30, 1954

Resources

Loans and discounts___ $2,592,783.71
Overdrafts ____________
1,072.52
U. S. Gov’t obligations_
48,000.00
Other bonds and securities 144,608.32
Furniture and fixtu res_
19,991.48
Banking house ________
1.00
Cash and due from banks 1,699,264.58
Other lesources________
2,567.27

Total _______________ $4,508,288.88




Liabilities
Capital s t o c k __________$ 200,000.00
200,000.00
Surplus f u n d __________
Undivided p r o fit s _____
136,566.49
Total capital
accounts. _$ 536,566.49
Demand deposits ______ 2,814,026.78
Time deposits__________
672,616.36
U. S. Gov’t deposits___
22,852.89
387,226.36
Public funds __________
Deposits of ban k s______
75,000.00
Total d e p ._$3,971,722.39
Total _______________ $4,508,288.88

90

State of Arkansas: Bank Department

THE PLANTERS BANK, OSCEOLA
Population 5,006.
Chartered April 13, 1944.

Mississippi County

Telephone Number 400.

Officers
Joe T. Cromer_____________ President
C. E. Dean____ Vice Pres. & Cashier
J. F. Herndon__________Asst. Cashier

R. C. Bryan
J. T. Cromer
C. E. Dean

Transit Number 81-745
Directors
Nathan Weinberg
L. C. B. Young

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $2,327,541.69
U. S. Gov’t obligations_
25,000.00
Other bonds and securities
92,677.50
Furniture and fixtu res_
8,922.87
10,000.00
Banking house ________
Other real e s ta t e ______
4,250.00
Cash and due from banks 674,732.11

Liabilities
Capital s t o c k __________ $ 75,000.00
Surplus f u n d __________
135,000.00
50,844.92
Undivided p r o fit s ______
Reserves ______________
34,173.10
Total capital
accounts_$ 295,018.02
Demand deposits ______ 1,746,712.54
Time deposits__________
790,594.55
36,002.57
U. S. Gov’t deposits___
Public funds __________
274,796.49
Total dep. __$2,848,106.15

$3,143,124.17

Total

Total

$3,143,124.17

BANK OF OZARK, OZARK
Population 1,757.
Chartered June 9, 1937.

Franklin County

Telephone Number 28.

Officers
W. A. Hudspeth___________President
W. A. Hudspeth, Jr__ Vice President
Don Smith__________________ Cashier

Transit Number 81-727

Directors
W. A. Hudspeth
Jeta Taylor
Frank N. Johnston
Romie Wilson

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 812,678.48
Overdrafts ____________
232.53
U. S. Gov’t obligations_ 317,665.63
Banking house ________
1,000.00
Cash and due from banks 832,944.49

Liabilities
Capital s t o c k _______ $
Surplus fund _
___
Undivided p r o fit s ___
Total capital
accounts_$ 146,002.02

25.000. 00
75.000.00
46,002.02

Demand deposits
1,686,318.26
Public funds ______ _
119,775.85
Deposits of ban k s___
10,000.00
Total dep. __$1,816,094.11
Other liabilities___
Total



$1,964,521.13

Total

2,425.00
$1,964,521.13

91

Fortieth Report

THE SECURITY BANK & TRUST COMPANY, PARAGOULD

Population 9,668.
Chartered February 5, 1931. Telephone
Officers
James W. Alexander_______President
E. R. Browning_Vice Pres. & Cashier
Scott Noel_____________Asst. Cashier
Mary Bynum__________ Asst. Cashier
Reba Neely____________ Asst. Cashier

Greene County
No. CEdar 2-7782. Transit No. 81-82
Directors
James W. Alexander S. P. McHaney
E. R. Browning
L. G. Staub
Earl Gramling
Ike Willcockson
J. A. Hancock
J. E. Winn
R. V. McCoy

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $1,203,421.96 Capital stock____________ $ 100,000.00
199.97 Surplus fund___________
100,000.00
Overdrafts ____________
U. S. Gov’t obligations_ 1,104,134.00 Undivided profits_______ 127,623.10
Other bonds and securities 328,429.19 Reserves_______________
50,000.00
Furniture and fixtures_
6,592.09 Total capital
Banking house__________
9,125.00
accounts_$ 377,623.10
Cash and due from banks 1,100,209.08
Demand deposits________ 1,871,392.39
Time deposits___________ 1,025,921.95
U .S. Gov’t deposits___ _ 23,165.75
Public fu n d s ----------------- 451,196.00
Total dep___ $3,371,676.09
Other liabilities_________
Total

$3,752,111.29

Total

2,812.10

_________________ $3,752,111.29

BANK OF PARKDALE, PARKDALE
Population 385. Ashley County
Chartered February 1, 1910. Telephone Number 2181. Transit Number 81-416
Officers
Directors
J. A. Williams_____________ President J. H. Caldwell
J. A. Williams
J. H. Caldwell________Vice President J. P. Caldwell
J. P. Caldwell_______________ Cashier
James B. Hill__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 464,252.46 Capital stock___________ $
Overdrafts_____________
1,333.16 Surplus fund___________
U. S. Gov’t obligations__
140,699.85 Undivided profits_______
Furniture and fixtures_
969.60 Reserves ______________
Cash and due from banks
85,303.40 Total capital
accounts_$
85,259.42
Demand deposits________
Time deposits___________
U. S. Gov’t deposits_____
Public funds____________
Total dep___ $ 607,299.05
Total



$ 692,558.47

Total

30,000.00
20,000.00
33,259.42
2,000.00

535,476.23
23,046.88
5,628.10
43,147.84

$ 692,558.47

92

State of Arkansas: Bank Department

FIRST STATE BANK, PARKIN
Population 1,414.
Chartered June 5, 1925.

Cross County

Telephone Number 5-5401.

Officers
H. L. Coldren_____________ President
Mrs. G. D. Carter___ Exec. Vice Pres.
F. E. Brenner________Vice President
S. N. Green_________________ Cashier
Mrs. Aljean Crook____ Asst. Cashier

Transit Number 81-676

Directors
F. E. Brenner
H. L. Coldren
Fred E. Brenner, Jr H. L. Coldren, Jr.
John A. Brenner
S. N. Green
Mrs. G. D. Carter
N. E. Thomas

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $ 603,522.34
U. S. Gov’t obligations_ 159,000.00
7,072.80
Other bonds and securities
11,529.35
Furniture and fixtures_
Banking house__________
31,002.00
Cash and due from banks 336,169.76
Other resources________
266.16

Liabilities
Capital stock___________ $
Surplus fund___________
Undivided profits_______
Reserves_______________
Total capital
accounts_$ 148,857.13

50,000.00
50,000.00
48,157.13
700.00

Demand deposits________
Time deposits___________
U. S. Gov’t deposits_____
Public funds____________
Total dep___ $ 992,501.99

747.344.55
132,093.57
8,848.23
104,215.64
7,203.29

Other liabilities
Total

,148,562.41

Total

$1,148,562.41

BANK OF PEA RIDGE, PEA RIDGE
Population 268.
Chartered May 6, 1911.

Benton County

Telephone Number 10.

Officers
W. T. Patterson___________ President
Hugh H. Webb_Vice Pres. & Cashier
Alvin Armstrong______ Asst. Cashier

Transit Number 81-468

Directors
W. T. Patterson
Nell I. Webb
Hugh H. Webb

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $ 159,964.88
Overdrafts ____________
127.78
U. S. Gov’t obligations_
50,000.00
Furniture and fixtures_
1,300.00
Banking house__________
350.00
Cash and due from banks 177,440.41

Total



$ 389,183.07

Liabilities
Capital stock___________ $
Surplus fund___________
Undivided profits_______
Total capital
accounts_$
68,906.87

25,000.00
25,000.00
18,906.87

Demand deposits________
Time deposits___________
Public funds____________
Total dep___ $ 320,276.20

243,871.25
27,295.69
49,109.26

Total

$ 389,183.07

93

Fortieth Report

THE PERRY COUNTY BANK, PERRYVILLE

Population 674.
Chartered December 8, 1945.

Perry County

Telephone Number 24.

Officers
B. J. Suffridge___________ President
Paul Van Dalsem____ Vice President
H. E. Van Dalsem---------------- Cashier
J. H. Moo,re____________Asst. Cashier

Transit Number 81-752

Directors
J. D. Farish
H. E. Van Dalsem
L. E. Jones
Paul Van Dalsem
Joseph B. LipsmeyerB. J. Suffridge

STATEMENT OF JUNE 30, 1954
Liabilities
Capital stock
_
$
Surplus fund
Undivided profits
Total capital
accounts__$ 58,097.71

Resources
Loans and discounts___ $ 152,264.20
U. S. Gov’t obligations_ 191,000.00
2,360.36
Other bonds and securities
2,142.46
Furniture and fixtu res_
Banking house
11,732.09
Cash and due from banks 211,668.72

Demand deposits
Public funds
Total dep. __$ 511,077.51
Other liabilities
Total _

Total

$ 571,167.83

25,000.00
15,000.00
18,097.71

421,456.82
89,620.69
1,992.61
$ 571,167.83

PIGGOTT STATE BANK, PIGGOTT
Population 2,558.
Chartered March 10, 1930.

Clay County

Telephone Number 71.

Officers
V. C. Wright____________ President
T. W. Leggett_______Vice President
T. W. Leggett, Jr___________ Cashier
J. W. Harris__________Asst. Cashier

Transit Number 81-698

Directors
J. W. Hamilton
H. C. Robbins
T. W. Leggett
John Staples
T. W. Leggett, Jr.
V. C. Wright
G. Will Reves

STATEMENT OF JUNE 30, 1954
Officers
Loans and discounts----- $ 547,653.01
U. S. Gov’t obligations — 1,056,037.50
Other bonds and securities 203,187.90
Furniture and fixtures —
3,000.00
Banking house -----------6,000.00
Cash and due from banks 499,072.56
Other resources ---------.83

Total



$2,314,951.80

Directors
Capital s t o c k __ , ______ $ 50,000.00
Surplus fund __________
50,000.00
Undivided p r o fit s ______ 102,051.66
75,000.00
Reserves ______________
Total capital
accounts_$ 277,051.66
Demand deposits_______ 1,527,713.79
Time deposits__________
100,449.13
U. S. Gov’t deposits___
24,375.95
Public fu n d s ----------------- 375,361.27
Deposits of b a n k s______
10,000.00
Total dep. _$2,037,900.14
Total

$2,314,951.80

94

State of Arkansas: Bank Department

FIRST STATE BANK, PLAINVIEW
Population 637. Yell CountyChartered January 12, 1934. Telephone Number 051. Transit Number 81-234
Directors
Officers
Bill Aikman
C. B. Law
M. A. Vandover__________ President
Donald Barger
J. C. Morse
Donald Barger________Vice President
M. A. Vandover
Eric Caviness
Winfred Hopper_____________ Cashier
Noel Vandover
Billie Mathis__________Asst. Cashier Willie Caviness
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts___ $ 322,762.34 Capital s t o c k __________$ 40,000.00
40,000.00
2,615.48 Surplus fund __________
Overdrafts ____________
80,190.67
U. S. Gov’t obligations — 639,500.00 Undivided p r o fit s ______
10,000.00
65,902.05 Reserves ______________
Other bonds and securities
1.00 Total capital
Furniture and fixtu res_
accounts_$ 170,190.67
1.00
Banking house ________
Other real e s ta te _____
1.00
Cash and due from banks 185,197.58 Demand deposits ______ 836,725.88
Time deposits _________
68,125.19
6,147.18
U. S. Gov’t deposits___
Public funds __________
134,791.53
Total d e p ._$1,045,789.78
Total _________ I_____ $1,215,980.45

Total

$1,215,980.45

BANK OF POCAHONTAS, POCAHONTAS
Population 3,840. Randolph County
Chartered October 31, 1903. Telephone Number 36. Transit Number 81-297
Officers
Directors
Dr. J. W. Brown___________ President F. E. Belford
Dr. J. W. Brown
R. R. Hosey___ Exec. Vice President Harry A. Belford R. R. Hosey
Tom Bigger_________ Vice President
Tom Bigger
F. E. Belford________ Vice President
Harry A. Belford____________ Cashier
Joe T. Wilson_________ Asst. Cashier
G. B. Johnson_________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and-discounts___ $1,062,430.38 Capital s t o c k __________ $
Overdrafts ____________
5.74 Surplus fund __________
U. S. Gov’t obligations_ 1,094,600.00 Undivided p r o fits ______
Other bonds and securities 175,600.00 Reserves ______________
Furniture and fixtures_
3,000.00 Total capital
Cash and due from banks 643,272.88
accounts_$ 244,263.99

75,000.00
75,000.00
90,621.94
3,642.05

Demand deposits ______ 2,082,498.43
Time deposits _________ 433,010.56
U. S. Gov’t deposits___
21,329.91
Public funds __________
165,093,39
Deposits of banks______
32,712.72
Total dep. _.$2,734,645.01
Total



$2,978,909.00

Total

$2,978,909.00

95

Fortieth Report

THE PEOPLES BANK, PORTLAND

Population 517.

Ashley County

Chartered January 22 1908. Telephone Number 2961. Transit Number 81-248
Officers
Victor Edwards___________ President
Mary Dean Pugh------- Vice President
Lawrence Peebles------------------ Cashier
Craig Shackleford_____ Asst. Cashier

Directors
George M. Brown Leroy Naff
Victor Edwards
Mary Dean Pugh
E. D. Gregory
Craig Shackleford

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 426,093.41
Overdrafts
845.31
U. S. Gov’t obligations_ 188,200.00
Furniture and fixtures_
156.21
Cash and due from banks 107,405.92
Other resources _
1.00

Liabilities
Capital stock _
$
Surplus fund _
Undivided profits _
Reserves
Total capital
accounts_$ 98,570.18
Demand deposits
Time deposits
U. S. Gov’t deposits___
Public funds
Total dep. __$ 624,131.67

Total

$ 722,701.85

Total _

25.000. 00
50.000. 00
20,170.18
3,400.00

529,126.63
54,191.08
6,075.67
34,738.29

__ $ 722,701.85

.

PORTLAND BANK, PORTLAND
Population 517.
Chartered April 23, 1900.

Ashley County

Telephone Number 2361.

Officers
Gus Pugh_________________President
R. B. Newcome, Jr____ Vice President
C. E. Larrison______________Cashier
Mack Borgognoni_____ Asst. Cashier
K. Thornton__________ Asst. Cashier

Transit Number 81-247

Directors
R. B. Newcome, Jr.
Felix Pugh

Gus Pugh
Joe Pugh

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures __
Banking house ________
Other real e s ta te ______
Cash and due from banks
Other resources ________

Total



691,400.52
516,106.25
30,375.00
5,025.87
2,478.84
1.00
264,522.71
667.66

$1,510,577.85

Liabilities
Capital s t o c k __________ $ 20,000.00
Surplus f u n d __________
80,000.00
Undivided p r o fit s ______ 126,031.77
Total capital
accounts_$ 226,031.77
Demand deposits _______ 1,152,016.60
Time deposits ________ 112,976.72
Public funds __________
19,552.76
Total d e p ._$1,284,546.08
Total

$1,510,577.85

State of Arkansas: Bank Department

96

CITIZENS BANK, POTTSVILLE
Population 224.

Pope County

Chartered August 13, 1913. Telephone Number 2431. Transit Number 81-551
Officers
Morton Rankin____________ President
Kenneth E. Owens___ Vice President
G. C. Owens_______________ Cashier

Directors
Kenneth E. Owens
Morton Rankin
G. C. Owens

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
Overdrafts ____________
U. S. Gov’t obligations __
Other bonds and securities
Furniture and fixtures_
Banking h ou se _________
Other real e s ta te _____
Cash and due from banks
Other resources ________

104,525.55
4.80
61,500.00
25,000.00
561.00
1.00
1.00
76,787.93
25.00

.$ 268,406.28

Total

Liabilities
Capital s t o c k __________!
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$
39,164.00

25,000.00
2,500.00
11,664.00

Demand deposits ______
U. S. Gov’t deposits___
Public funds __________
Total dep.
229,242.28

198,368.81
2,953.61
27,919.86

268,406.28

Total

THE FARMERS AND MERCHANTS BANK, PRAIRIE GROVE
Population 939.
Chartered August 29, 1904.

Washington County

Telephone Number 95.

Officers
D. E. Rieff___ President and Cashier
W. H. Bartholomew__ Vice President
W. E. N. Phillips___ Vice President
W. H. Thompson_______ Asst. Cashier
Lorene Jones__________ Asst. Cashier
Geraldine Parks_______Asst. Cashier

Transit Number 81-256

Directors
W. H. Bartholomew W. E. N. Phillips
W. H. Mock
D. E. Rieff
J. C. Parks

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ i
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Banking house ________
Cash and due from banks
Other resources________

Total



683,083.17
130.80
170,800.00
255,295.20
1.00

Liabilities
Capital s t o c k __________ $ 30,000.00
Surplus fund __________
30,000.00
Undivided p r o fit s ______ 110,234.02
Total capital
accounts—$ 170,234.02

1,000.00

426,768.83
960.00

$1,538,039.00

Demand deposits ______
Time deposits__________
U. S. Gov’t deposits____
Public funds __________
Total dep. —$1,367,804.98
Total

936,239.82
347,274.77
11,127.65
73,162.74

$1,538,039.00

Fortieth Report

97

BANK OF PRESCOTT, PRESCOTT
Population 3,960.
Chartered August 10, 1904.

Nevada County

Telephone Number 206.

Officers
Fred J. White____________ President
W. R. Hambright____ Vice President
Wren Scott___________Vice President
J. A. Yancey--------------- Asst. Cashier

Transit Number 81-140

Directors
D. K. Bemis
Dr. A. W. Hudson
V. M. Bemis
Wren Scott
W. R. Hambright Fred J. White
Olen Hendrix

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts_$1,058,582.96
Overdrafts_______
89.30
U. S. Gov’t obligations_ 1,296,169.32
Other bonds and securities 742,006.59
Furniture and fixtures__
9,100.00
6,000.00
Banking house__________
Cash and due from banks 662,314.88
Other resources________
4,085.19

T ota l__________________ $3,778,348.24

Liabilities
Capital stock___________ $ 100,000.00
Surplus fund____________
150,000.00
48,52244
Undivided profits_______
Reserves_______________
1,817.34
Total capital
accounts_$ 300,339.48
Demand deposits________ 2,678,419.69
Time deposits___________
144,880.07
U. S. Gov’t deposits____
173,836.92
Public funds____________
458,966.40
Deposits of banks_______
21,905.68
Total dep.___$3,478,008.76
T ota l__________________ $3,778,348.24

BANK OF QUITMAN, QUITMAN
Population 345.
Chartered August 15, 1903.

Cleburne County

Telephone Number 2401.

Officers
Ben F. Clark______________ President
W. H. McNair________Vice President
N. H. Tarver_______________Cashier
Edith Ellis____________ Asst. Cashier

Transit Number 81-424

Directors
J. A. Bailey
W. H. McNair
Ben F. Clark
N. H. Tarver
Edith Ellis

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts------- $ 230,853.83
88.52
Overdrafts_____________
325,000.00
U. S. Gov’t obligations—
91,092.50
Other bonds and securities
1.00
Furniture and fixtures__
1.00
Banking house--------------Cash and due from banks 140,718.62

Total



$ 787,755.47

Liabilities
Capital stock____________
Surplus fund----------------Undivided profits_______
Total capital
account_$
93,847.91
Demand deposits________
Time deposits___________
U. S. Gov’t deposits____
Public funds____________
Total dep___
693,907.56
Total

25.000. 00
25.000. 00
43,847.91

563,669.08
90,179.82
156.93
39,901.73

.$ 787,755.47

98

State of Arkansas: Bank Department

THE BANK OF RECTOR, RECTOR
Population 1,855. Clay County
Chartered November 15, 1930. Telephone Number 3491. Transit Number 81-173
Directors
Officers
J. C. Hardin_______________ President
J. C. Hardin
J. A. Marlar
J. A. Marlar_Exec. Vice President
T. C. Justus
E. M. Purcell
E. M. Purcell_________ Vice President
O'. A. Harper________________ Cashier
Bema Nell Gogue____ Asst. Cashier
B. J. Ford___________ Asst. Cashier
Mary Lee Hill__________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts------- ! ,107,360.37 Capital stock____________ i
80,000.00 Surplus fu n d ----------------U. S. Gov’t obligations---Other bonds and securities 219,216.70 Undivided profits-----------17,900.00 Reserve _______________
Furniture and fixtures__
Cash and due from banks 472,044.15 Total capital
accounts-_$ 218,557.10
2,565.00
Other resources-------------

50.000. 00
75.000.00
23,557.10
70.000. 00

Demand deposits________ 1,291,448.92
Time deposits___________
245,988.44
15,169.37
U. S. Gov’t deposits____
Public funds____________
127,922.39
Total dep___ $1,680,529.12
$1,899,086.22

Total

Total

$1,899,086.22

FARMERS AND MERCHANTS BANK, REYNO
Population 292.
Chartered December 8, 1911. Telephone
Officers
F. E. Belford__________ _— President
Glenn Brown_________Vice President
Freda M. Brown____________ Cashier
Muriel Butler__________Asst. Cashier
Otistean Ahrent_______ Asst. Cashier

Randolph County
Number 9705Jl. Transit Number 81-427
Directors
F. E. Belford
Glenn Brown
Freda M. Brown

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Capital stock ___________ !
Loans and discounts------- $ 360,660.27
Overdrafts_____________
690.99 Surplus fund____________
U. S. Gov’t obligations__
199,882.81 Undivided profits_______
Furniture and fixtures—
8,530.00 Reserves _______________
Banking h o u se _________
1,200.00 Total capital
accounts_$
59,681.17
Cash and due from banks 130,281.95
Other resources_________
102.66
Demand deposits_______
U. S. Gov’t deposits_____
Public funds____________
Total dep___ $ 641,667.51
Total



.$ 701,348.68

Total

25.000. 00
5,000.00
9,681.17
20.000.00

477,913.16
1,998.28
161,756.07

.$ 701,348.68

Fortieth Report

99

THE BANK OF RISON, RISON
Population 953. Cleveland County
Chartered March 7, 1932. Telephone Number 48. Transit Number 81-428
Officers
Directors
Leon Moore----------------------- President Herman Davidson Leon Moore
Herman Davidson________Vice Pres. J. E. Goggans
J. E. McCoy
& Cashier James L. Moore
Max M. Smith
Hazel Smith__________ Asst. Cashier
May Dell Morrison___ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ ! 424,739.48 Capital s t o c k __________ 1 25.000. 00
U. S. Gov’t obligations-_ 498,280.61 Surplus f u n d __________
25.000. 00
Other bonds and securities
27,191.05 Undivided p r o fit s ______
91,099.32
Furniture and fixtures_
2,700.00 Reserves ______________
16,889.66
Banking house ________
6,422.75 Total capital
Other real e s ta te ______
9.00
accounts_$ 157,988.98
Cash and due from banks 183,037.29
------------------Other resources ________
2.00 Demand deposits ______ 686,473.97
Time deposits__________
175,182.48
Public funds __________
117,736.75
Total d e p ._$ 979,393.20
Total

$1,137,382.18

Total

$1,137,382.18

THE BANK OF RUSSELLVILLE, RUSSELLVILLE
Population 8,166. Pope County
Chartered December 23, 1897. Telephone Number 16. Transit Number 81-119
n i* fi
Officers
Geo. S. Neal______________ President
E. C. Bradley
Geo. S. Neal
M. J. Hickey_________Vice President
M. J. Hickey
Floyd Ragsdale
Geo. H. Neal-------------- Vice President
A. J. Mathews
C. M. Richmond
Robert H. Parker___________ Cashier
Geo. H. Neal
Bobby Joe Roderick____ Ast. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Capital s t o c k __________$ 100,000.00
Loans and discounts___ $1,517,325.11
Surplus funds ________
20,000.00
U. S. Gov’t obligations_ 1,152,120.13
Other bonds and securities 406,895.98 Undivided p r o fit s ______ 329,861.21
75,000.00
Furniture and fixtures_
7,707.00 Reserves ______________
Banking house ________
25,000,00 Total capital
accounts_$ 524,861.21
Other real e s ta te ______
10,006.00
Cash and due from banks 1,776,635.53
Other resources________
1,311.88 Demand deposits ____=— 2,397,598.81
Time deposits__________ 1,369,107.18
U. S. Gov’t deposits___
61,994.20
Public funds __________
536,646.43
Deposits of b a n k s______
6,793.80
Total d e p ._$4,372,140.42
Total



$4,897,001.63

Total

$4,897,001.63

100

State of Arkansas: Bank Department

PEOPLES EXCHANGE BANK, RUSSELLVILLE
Population 8,166. Pope CountyChartered March 24, 1890. Telephone Number 12. Transit Number 81-118
Officers
Directors
Donald Barger_____________President
Donald Barger
Chas. M. Howell
C. E. Lemley_________ Vice President
Lee Cheek
I. A. Laws
Hence J. Priddy
John T. Little_______________ Cashier
G. M. Cook
J. Madison White
L. Gardner
Hazel G. Little______ Asst. Cashier
Bert Mullens_________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $2,300,370.79 Capital s t o c k __________ $ 100,000.00
20,000.00
U. S. Gov’t obligations
1,301,662.60 Surplus f u n d __________
Other bonds and securities 462,977.55
Undivided p r o f it s ______
301,807.08
Furniture and fixtures_
8,909.00 Total capital
Banking house ________
14,000.00
accounts_$ 421,807.08
Cash and due from banks 1,383,141.07
------------------Demand deposits ______ 3,421,296.11
Time deposits__________ 1,323,564.62
U. S. Gov’t deposits___
42,976.35
Public funds __________
198,220.32
Deposits of ban k s______
63,196.53
Total d e p ._$5,049,253.93
Total

$5,471,061.01

Total

$5,471,061.01

BANK OF SALEM, SALEM
Population 687. Fulton County
Chartered December 9, 1908. Telephone Number 8. Transit Number 81-430
Officers
Directors
Rex Castleberry_______ _— President
Fay Castleberry
H. J. Humphries
Fay Castleberry---------- Vice President Rex Castleberry
Jim Humphries
H. J. Humphries--------Vice President W. R. Castleberry
Cuthbert Pickren______ Vice President
Lanis Ashley_________ Vice President
Jim Humphries______________ Cashier
Corwin Mosey_________ Asst. Cashier
W. R. Castleberry____ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 731,091.98 Capital s t o c k __________i
Overdrafts ____________
165.86 Surplus fund __________
U. S. Gov’t obligations_ 237,500.00 Undivided p r o fit s ______
Furniture and fixtures __
800.00 Total capital
Banking house ________
1.00
accounts. _$ 145,401.26
Cash and due from banks 370,452.95
Demand deposits ______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total dep. __$1,194,610.53
Total



$1,340,011.79

Total

50.000. 00
50.000.00
45,401.26

971,416.11
175,368.27
56.25
47,769.90

$1,340,011.79

Fortieth Report

101

LOGAN COUNTY BANK, SCRANTON
Population 283. Logan County
Chartered April 7, 1926.
Telephone Number 14.
Transit Number 81-686
Directors
Officers
J. B. Layes, Jr.
Frank Ahne_______________President Frank Ahne
Afton Mitchell________Vice President Frank Drum
Ross Martin
Joe Fritsche________________ Cashier Roy Drum
Afton Mitchell
Joe Fritsche
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ ! 231,924.00 Capital s t o c k __________$ 25.000. 00
Overdrafts ____________
432.86 Surplus fund __________
15.000. 00
U. S. Gov’t obligations_ 360,677.20 Undivided p r o fit s ______
44,468.50
Other bonds and securities
1,500.00 Total capital
1,222.81
Furniture and fixtu res_
84,468.50
accounts_$
Banking house ________
100.00
Cash and due from banks 138,296.34 Demand deposits ______ 581,841.79
Time deposits_________^
35,269.62
U. S. Gov’t deposits___
8,113.32
Public funds __________
24,459.98
Total d e p ._$ 649,684.71
Total

$ 734,153.21

Total

$ 734,153.21

SECURITY BANK, SEARCY
Population 6,024. White County
Chartered February 6, 1932. Telephone Number 1283. Transit Number 81-153
Officers
Directors
A. J. Stephens--------------------President B. C. Huddleston
M. O. Thompson
President Joe S. Pierce
E. M. Twyford
E. O. Yancey_Exec. Vice
K. B. Rand__________ Vice President K. B. Rand
Ray A. Yamell
B. C. Huddleston____ Vice President J.. W. Sanford
E. O. Yancey
E. M. Twyford-----------------------Cashier A. J. Stephens
Ralph Duncan__________Asst. Cashier
Lucille Watson_________ Asst. Cashier
W. O. Dobbins__________Asst. Cashier
Denver Leasure________ Asst. Cashier
STATEMENT OF JUNE 30. 1954
Resources
Liabilities
Loans and discounts___ $1,972,410.37
Capital s t o c k ____
^f 150,000.00
Overdrafts ____________
52.05 Surplus fund _
150,000.00
U. S. Gov’t obligations_ 286,000.00 Undivided profits
83,090.65
Other bonds and securities 5?6,033.38 Reserves __
19,051.27
Furniture and fixtu res_
11,697.00 Total capital
Banking house ________
4,300.00
accounts_$ 402,141.92
Cash and due from banks 671,880.87
565.00 Demand deposits
Other resources________
2,406,775.15
126,847.45
U. S. Gov’t deposits----437,697.10
Public f u n d s ___ _
99,477.05
Deposits of banks
Total dep. __$3,070,796.75
Total



$3,472,938.67

Total

$3,472,938.67

102

State of Arkansas: Bank Department

THE SEARCY BANK, SEARCY
Population 6,024. White County
Chartered May 1, 1943.
Telephone Number 780.
Transit Number 81-154
Directors

Officers

E. P. Pyeatt----------------------- President
Wayne W. Pyeatt____ Vice President
Frank S. Leavitt_Vice Pres. & Cashier
Marian Schwarz________ Asst. Cashier
L. W. Sutherlin-------------Asst. Cashier
Majors P. Pickens_____ Asst. Cashier

Cal Aclin
Frank S. Leavitt
J. E. Lightle, Jr.
E. P. Pyeatt

Wayne W. Pyeatt
Hubert Smith
Thos. A. Watkins

STATEMENT OF JUNE 30, 1954
Liabilities
Capital s t o c k __________$ 150,000.00
Loans and discounts___ $1,559,330.69
Surplus f u n d __________
150,000.00
29.46
Overdrafts ____________
U. S. Gov’t obligations_ 1,192,980.79 Undivided p r o fit s ______ 131,616.73
20,588.45
Reserves ______________
Other bonds and securities 843,032.71
Total capital
Furniture and fixtu res_
26,721.02
accounts-_$ 452,205.18
Banking house ________
53,336.55
Cash and due from banks 779,999.32
Demand deposits ______ 3,454,356.25
Other resources________
1,805.19
U. S. Gov’t deposits___
58,951.98
Public funds __________
441,943.17
Deposits of ban k s______
49,779.15
Total d e p ._$4,005,030.55
Resources

Total _______________ $4,457,235.73

Total

_______________ $4,457,235.73

GRANT COUNTY BANK, SHERIDAN
Population 1,893. Grant County
Chartered July 29, 1903. Telephone No. WH 2-2501. Transit No. 81-432
Affi

T)-jra^fnTC!

J. A. McCoy______________ President
A. L. Blakely_________Vice President
Coats A. Mitchell___________Cashier
Mrs. Jessie L. Mitchell-Asst. Cashier

A. L. Blakely
O. P. Cearley
0. R. Kelly

D. E. McCoy
J. A. McCoy
Coats A. Mitchell

STATEMENT OF JUNE 30. 1954
Liabilities
Capital stock _
$ 50.000. 00
Loans and discounts___ $ 405,944.19
_____
50.000. 00
U. S. Gov’t obligations_ 727,539.69 Surplus fund _
127,053.46
Other bonds and securities 102,788.30 Undivided profits
__
11,198.19
9,181.71 Reserves
Furniture and fix tu ie s _
Banking house ________
28,724.98 Total capital
accounts_$ 238,251.65
Other real e s ta te ______
4,760.63
Cash and due from banks 356,080.99
1,208,175.82
Demand d ep o sits_
Time deposits_
70,105.49
U. S. Gov’t deposits___
8,765.00
Public funds
108,488.32
1,234.21
Deposits of banks
Total dep. —$1,396,768.84
Resources

Total



$1,635,020.49

Total

$1,635,020.49

Fortieth Report

103

BANK OF SHERRILL, SHERRILL
Population 263.

Jefferson County-

Chartered August 13, 1913.

Transit Number 81-556

Telephone Number Altheimer 6-2714.
Officers
Ben L. Rogers________Vice President
E. H. Guyer_________________ Cashier
Odus H. LeMay________Asst. Cashier

Directors
W. A. Albright
E. H. Guyer
J. M. Barrett
Odus H. LeMay
E. L. Burgess
Ben L. Rogers

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks

Total

401,086.55
161.53
282,770.00
83,750.00
2,019.49
2,500.00
153,260.92

$ 925,548.49

Liabilities
Capital s t o c k __________i
Surplus f u n d __________
Undivided p r o fit s ______
Total capital
accounts_$
74,274.40
Demand deposits ______
Time deposits__________
Public funds __________
Total d e p ._$ 851,274.09
Total

25.000. 00
25.000. 00
24,274.40

589,060.38
116,025.40
146,188.31

$ 925,548.49

BANK OF SIDNEY, SIDNEY
Population 120.

Sharp County

Chartered September 23, 1912.
Officers
O. S. Westmoreland_______ President
Thomas A. Bone---------Vice President
R. C. Pounders______________ Cashier
Atalee Pounders________Asst. Cashier

Transit Number 81-522
Directors
Thomas A. Bone
O. S. Westmoreland
R. C. Pounders

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
7,656.08
Overdrafts ____________
63.10
U. S. Gov’t obligations_ 237,000.00
Furniture and fixtures_
1.00
Banking house ________
1.00
Cash and due from banks 105,326.58

Liabilities
Capital s t o c k __________ $
Surplus fund __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$
16,960.60
Demand deposits ______
Public funds __________
Total dep.
333,087.16

Total




$ 350,047.76

Total

5,000.00
6,500.00
5,418.91
41.69

332,499.80
587.36

.$ 350,047.76

104

State of Arkansas: Bank Department

BRATT-WASSON BANK, SILOAM SPRINGS
Population 3,270. Benton County
Chartered April 8, 1932.
Telephone Number 33.
Transit Number 81-706
Officers
Directors
Marion Wasson------------------President
SadieMonroe
Vol Wasson
Vol Wasson___________Vice President
Elsie Sumner
Tom Whiteside
Sadie Monroe_________Vice President Marion Wasson
Tom Whiteside______________ Cashier
Elsie Sumner_________ Asst. Cashier
Arthur Melson________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 664,811.37
Capital s t o c k __________$ 75,000.00
Overdrafts ____________
553.99 Surplus fund __________
25,000.00
U. S. Gov’t obligations_ 2,534,938.00 Undivided p r o fit s ______
19,643.05
138,266.84
Other bonds and securities 303,268.62 Reserves ______________
Furniture and fixtu res_
25,282.64 Total capital
Banking house ________
10,100.00
accounts_$ 257,909.89
Cash and due from banks 1,217,030.04
Other resources________
8,172.75 Demand deposits ______ 3,797,699.49
Time deposits__________
495,606.95
55,934.54
U. S. Gov’t deposits___
Public funds __________
157,006.54
Total dep. _.$4,506,247.52
Total

$4,764,157.41

Total

$4,764,157.41

SMACKOVER STATE BANK, SMACKOVER
Population 2,495. Union County
Chartered April 18, 1928. Telephone Number 3051. Transit Number 81-654
Officers
Directors
J. E. Berry________________ President
J. E. Berry
Homer T. Rogers
Max A. Mitcham____ Vice President
R. N. Manley
L. E. Tennyson, Jr.
W. H. White, Jr______Asst. Cashier
Max A. Mitcham
Audna L. Ward_______ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 693,846.56
Capital s t o c k __________$ 50,000.00
U. S. Gov’t obligations_ 657,582.72 Surplus fund __________
75,000.00
Other bonds and securities 252,828.51 Undivided p r o fit s ______
35,812.29
11,678.94 Reserves ______________
Furniture and fixtures_
40,000.00
Banking house ________
10,000.00 Total capital
Cash and due from banks 516,087.93
accounts_$ 200,812.29
Other resources _______
1,126.95
Demand deposits ______ 1,298,534.80
Time deposits__________
380,398.58
U. S. Gov’t deposits___
62,057.72
Public funds __________
201,098.15
Total d e p ._$1,942,089.25
Other liabilities________
Total



$2,143,151.61

Total

250.07
$2,143,151.61

105

Fortieth Report

CITIZENS BANK, SMITHYILLE
Population 250.

Lawrence County

Chartered March 23, 1901.

Transit Number 81-434

Officers
R. S. Rainwater____________ President
A. M. Starr__________Vice President
Bonnie Perkins______________ Cashier

Directors
Webster Perkins
J. M. Raney
R. S. Rainwater
A. M. Starr
Sloan Rainwater, Jr.
Virginia Rainwater
William Rainwater

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures __
Banking house ________
Cash and due from banks

105,015.58
1,294.69
249,624.00
160,569.85
1,001.00
1.00
123,266.37

Liabilities
Capital stock
_
$
Surplus fund _
Undivided p r o fit s ______
Total capital
accounts_$ 101,445.53

444,882.49
94,301.67

Demand deposits
Public funds
Total d e p ._$ 539,184.16
Other liabilities

Total _______________ $ 640,772.49

Total

25.000. 00
15.000. 00
61,445.53

142.80
_ _

$ 640,772.49

MERCHANTS AND PLANTERS BANK, SPARKMAN
Population 964.

Dallas County

Chartered September 9, 1916. Telephone Number 15.
Officers
S. B. Home________________ President
C. E. Hays____ Vice Pres. & Cashier

Transit Number 81-581

Directors
C. E. Hays
John T. Gaston
S. B. Horne
P. H. Taylor
Garland Gaston

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ !
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtu res_
Banking house ________
Cash and due from banks

Total



246,584.72
602,000.00
38,304.03
2,500.00
1.00
263,043.64

$1,152,433.39

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$
77,814.74

20,000.00
26,000.00
31,814.74

Demand deposits ______
Time deposits__________
Public funds __________
Total dep.
074,618.65

957,948.14
32,365.94
84,304.57

Total

$1,152,433.39

106

State of Arkansas: Bank Department

FIRST STATE BANK, SPRINGDALE
Population 5,835.
Chartered February 12, 1923.
Shelby FordJ. T. Bain___
R. E. Buck—
Alice Sigmon

Washington County

Telephone Number 681.

Transit Number 81-856

Directors
L. E. Johnson
Tom Hargis
Dr. Friedman Sisco
J. T. Bain
Joe M. Steele
Shelby Ford
J. S. Watts
C. L. George
Elmer Johnson A. P. Wilson

Officers
____________ President
________Vice President
______________ Cashier
________ Asst. Cashier

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $1,718,665.85
U. S. Gov’t obligations_ 1,375,962.00
Other bonds and securities 497,527.43
Furniture and fixtu res_
9,528.40
1.00
Banking house ________
Cash and due from banks 778,770.56
Other resources________
3,279.75

Liabilities
Capital s t o c k ________ $
Surplus fund
Undivided profits
Reserves ________
Total capital
accounts_$ 366,208.78

125,000.00
75,000.00
20,484.90
145,723.88

Demand deposits _ ___ 2,927,904.00
Time deposits_______
876,093.86
U. S. Gov’t deposits___
47,551.81
Public funds _
_ _ 165,976.54
Total dep. —$4,017,526.21
Total _______________ $4,383,734.99

Total _______________ $4,383,734.99

BODCAW BANK, STAMPS
Population 2,552.
Chartered December 8, 1902. Telephone
Officers
J. C. Cabe-------------------------- President
W. R. Boney_________ Vice President
C. C. Russell________ Vice President
E. C. Turner_______________ Cashier

Lafayette County
Number 3-4492. Transit Number 81-436
Directors
W. R. Boney
Sam Earle
R. T. Boulware
C. C. Russell
J. C. Cabe
A. O. Smith

STATEMENT OF
Resources
Loans and discounts___ $ 805,015.84
U. S. Gov’t obligations_ 607,568.75
Other bonds and securities 215,399.42
9,715.00
Furniture and fix tu ie s _
15,410.00
Banking house -----------14.00
Other real e s ta t e _____
Cash and due from banks 373,231.99
6,256.35
Other resources _____

Total



$2,032,611.35

JUNE 30, 1954
Liabilities
Capital s t o c k __________$ 50,000.00
50,000.00
Surplus f u n d __________
Undivided p r o f it s ______ 211,102.33
Reserves ______________
19,303.26
Total capital
accounts_$ 330,405.59
Demand deposits ______ 1,155,950.48
Time deposits _________ 448,146.27
U. S. Gov’t deposits____
13,626.43
Public funds __________
84,482.58
Total dep. —$1,702,205.76
Total

$2,032,611.35

107

Fortieth Report

BANK OF STAR CITY, STAR CITY
Population 1,296.
Chartered April 7, 1925.

Lincoln County

Telephone Number 57.

Officers
W. R. Alsobrook___________ President
Clyde E. Fish_______ Vice President
G. D. Smith_________ Vice President
I. A. Chambers______________ Cashier

Transit Number 81-437

Directors
Dr. H. B. Alsobrook
Clyde E. Fish
W. R. Alsobrook
G. D. Smith
I. A. Chambers

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 488,527.27 Capital s t o c k __________$
U. S. Gov’t obligations_ 366,700.00 Surplus f u n d __________
Other bonds and securities 123,245.00 Undivided p r o fit s ______
Furnituie and fixtures_
7,250.00 Reserves ________-______
Banking house ________
5,000.00 Total capital
Cash and due from banks 197,218.19
accounts_$ 179,524.62

Total

,187,940.46

50,000.00
50,000.00
65,756.43
13,768.19

Demand deposits ______
Time deposits _________
Public funds __________
Total d e p ._$1,007,758.40

649,659.31
108,148.92
249,950.17

Other liabilities________

657.44

Total

,187,940.46

THE STEPHENS SECURITY BANK, STEPHENS
Population 1,283.

Ouachita County

Chartered Febuirary 8, 1946. Telephone Number 3761. Transit Number 81-755
Officers
Chas. T. Reveley______ ____ President
James Smith__________ Vice President
Floyd Bryan________________ Cashier
Guy C. Pruitt_________ _Asst. Cashier

Directors
Floyd Bryan
James Smith
G. W. Haltom
Joe J. Wade
H. G. Hearnsberger N. S. Yarbrough
Chas. T. Reveley

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 360,139.47
Capital s t o c k __________$ 50,000.00
U. S. Gov’t obligations_ 432,552.29 Surplus f u n d __________
20,000.00
Other bonds and securities 202,433.05 Undivided p r o f it s ______
16,615.08
Furniture and fixtures_
4,335.49 Reserves ______________
12,491.33
Banking house ________
5,889.54 Total capital
Cash and due from banks 292,908.44
accounts_$
99,106.41
Other resources________
265.80
Demand deposits ______ 908,897.82
Time deposits__________
139,294.76
U. S. Gov’t deposits___
62,056.49
Public funds __________
89,168.60
Total dep. —$1,199,417.67
Total



$1,298,524.08

Total

—$1,298,524.08

108

State of Arkansas: Bank Department

CITIZENS BANK, STRONG
Population 839. Union County
Chartered Jan. 19, 1931. Telephone No. SYlamore 7-7361. Transit No. 81-441
Officers
Directors
O. B. Clark------------------------ President J. C. Burgess
C. H. Lewis
J. E. Cooper--------------- Vice President
O. B. Clark
E. W. Smith
B. Finney--- ------------------------Cashier J. E. Cooper
Laura K. Robertson___ Asst. Cashier
STATEMENT OF JUNE 30. 1954
Resources
Liabilities
Loans and discounts___ $ 263,810.49 Capital s t o c k __________$
U. S. Gov’t obligations_ 454,000.00 Surplus fund __________
Furniture and fixtures __
2,200.75 Undivided p r o fit s ______
1.00 Reserves ______________
Banking house ________
Other real e s ta t e ______
1.00 Total capital
accounts_$ 155,064.04
Cash and due from banks 367,385.45
Demand deposits ______
Time deposits__________
U. S. Gov’t deposits___
Public funds __________
Total d e p ._$ 932,334.65
$1,087,398.69

Total

Total

25,000.00
35,000.00
89,697.75
5,366.29

801,662.80
93,699.22
7,753.89
29,218.74

$1,087,398.69

THE FARMERS AND MERCHANTS BANK, STUTTGART
Population 7,276. Arkansas County
Chartered December 29, 1944. Telephone Number 2-1521. Transit Number 81-747
Officers
Directors
G. H. Franzen_____________ President J. C. Barnett
D. C. McDonald
J. C. Barnett------Exec. Vice President R. B. Curtis
D. W. Tweedy
R. B. Curtis-----------------Vice President G. H. Franzen
Ralph Wilson
Edgar C. Diggs_____________ Cashier Russell McCollum
Lela M. Curtis________Asst. Cashier
Adolf E. Hubmann____ Asst. Cashier
Artie Seidenschwarz__ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $2,322,653.41
Capital s t o c k __________$ 75,000.00
72.96 Surplus fund __________
Overdrafts ____________
150,000.00
U. S. Gov’t obligations_ 861,776.82 Undivided p r o fit s ______
61,790.60
Other bonds and securities 470,909.78 Reserves ______________
29,889.29
Furniture and fixtures __
15,384.88 Total capital
Banking house ________
23,300.00
accounts__$ 316,679.89
Cash and due from banks 1,133,104.74
Other resources _______
501.98 Demand deposits ______ 3,307,186.43
Time deposits__________
402,341.85
U. S. Gov’t deposits___
112,366.40
Public funds __________
689,130.00
Total d e p ._$4,511,024.68
Total

________________ $4,827,704.57




Total

________________ $4,827,704.57

109

Fortieth Report

CITIZENS BANK, TILLAR
Population 239.
Chartered July 28, 1913.

Drew County

Telephone Number 2-2571.

Officers
V. C. Harrell_____________President
C. H. Kimbro_______ Vice President
J. H. Kimbro________________ Cashier

Transit Number 81-446
Directors

V. C. Harrell
C. H. Kimbro

J. H. Kimbro
B. C. Prewitt

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loars and discounts___ $ 263,214.35 Capital s t o c k __________$ 25,000.00
66.50 Surplus fund __________
Overdrafts ____________
50,000.00
35,000.00 Undivided p r o fit s ______
U. S. Gov’t obligations_
8,910.70
79,274.80 Total capital
Other bonds and securities
1.00
Furniture and fixtures __
accounts_$ 83,910.70
1.00
Banking house ________
76,078.05 Demand deposits_______ 257,672.29
Cash and due from banks
1,686.23 Time deposits _________
Other resources ________
29,83830
3,967.85
U. S. Gov’t deposits___
Public funds __________
79,932 29
Total dep.
371,411.23
Total

455,321.93

Total _______________ $ 455,321.93

BANK OF TRUMANN, TRUMANN
Population 3,744.
Chartered October 26, 1911.

Poinsett County

Telephone Number 7.

Officers
M. T. Byrn________________ President
Geo. B. Cash_________ Vice President
Earl Yarbrough_Vice Pres. & Cashier
Clyde Robertson, Jr____Asst. Cashier
Earl Yarbrough, Jr____Asst. Cashier

Transit Number 81-488

Directors
M. T. Byrn
Norris C. Taylor
Geo. B. Cash
R. H. Taylor
J. F. Lady
Earl Yarbrough
Clyde Robertson, Jr.

STATEMENT C JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $1,237,990.54 Capital s t o c k __________$ 100,000.00
120,000.00
U. S. Gov’t obligations_ 178,000.00 Surplus fund __________
Other bonds and securities
36,000.00 Undivided p r o fit s ______
51,248.38
11,647.20
Furniture and fixtures __
3,700.00 Reserves ______________
Banking house -----------12,300.00 Total capital
account_$ 282,895.58
Cash and due from banks 1,484,172.62
Demand deposits ______ 2,022,427 35
Time d ep osits_________ 474,747.59
U. S. Gov’t deposits___
11,400.00
Public funds __________
160,232.87
Deposits of b a n k ___
459.77
Total d e p ._$2,669,267.58
Total



$2,952,163.16

Total

$2,952,163.16

110

State of Arkansas: Bank Department

BANK OF TUCKERMAN, TUCKERMAN
Population 1,253. Jackson County
Chartered November 8, 1902. Telephone Number 1. Transit Number 81-448
Officers
Directors
F. L. Penix_____________-'-President O. B. Armstrong
J. L. Parrott
O. B. Armstrong_____ Vice President C. E. Harrison
F. L. Penix
R. 0. Norris_________ Vice President R. 0. Norris
Van Smith
Van Smith__________ Exec. Vice Pres.
& Cashier
Calvin Whitlow________ Asst. Cashier
Cornelius Adcox_______ Asst. Cashier
Walter McDaniel______ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 894,882.86 Capital s t o c k __________$ 35,000.00
U. S. Gov’t obligations_ 307,860.35 Surplus fund __________
30,000.00
Other bonds and securities
10, 000.00
Undivided p r o fit s ______
65,755.72
6,789.41 Total capital
Furniture and fixtures_
Banking house ________
2,750.00
accounts_$ 130,755.72
Cash and due fiom banks 267,120.92
1,713.72 Demand d ep o sits_____ 1,155,537.13
Other resources _______
Time deposits _________
86,221.41
U. S. Gov’t deposits___
3,462.50
106,449.88
Public funds __________
Deposits of banks______
8,690.62
Total dep. „$1,360,361.54
Total

$1,491,117.26

Total

$1,491,117.26

TYRONZA BANK, TYRONZA
Population 656. Poinsett County
Chartered October 1, 1951. Telephone Number 3121. Transit Number 81-770
Officers
Directors
R. A. Lynch--------------------- President C. M. Beley
H. F. Norcross
D. F. Wylie_________Vice President John H. Emrich
D. F. Wylie
Ernestine Sanders__________Cashier R. A. Lynch
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts----- $ 419,586.70 Capital s t o c k __________$ 50,000.00
49,790.63 Surplus f u n d __________
U. S. Gov’t obligations_
15,000.00
12,900.00 Undivided p r o f it s ______
Other bonds and securities
23,775.73
3,941.68 Reserves ______________
975.24
Furniture and fixtu res_
1,076.15 Total capital
Banking house ________
accounts_$ 89,750.97
Cash and due from banks 114,634.36
449.81
Other resources -----------Demand deposits ______ 390,590.51
Time deposits _________
41,310.92
U. S. Gov’t deposits____
3,491.40
Public funds __________
77,235.53
Total d e p ._$ 512,628.36
Total



$ 602,379.33

Total

$ 602,379.33

111

Fortieth Report

CITIZENS BANK AND TRUST COMPANY, VAN BUREN
Population 6,413.
Chartered December 20, 1910.

Crawford County

Telephone Number 5.

Officers
David T. Bryan____________ President
Robert W. Geliy______Vice President
Frank D. Pape______________ Cashier
Duane Brewer_________Asst. Cashier

Transit Number 81-101

Directors
David T. Bryan
Joe C. McKinney
Harry W. Bryan
Frank D. Pape
Robert W. Geliy

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 155,337.47
U. S. Gov’t obligations_ 1,346,100.00
Other bonds and securities 333,668.81
Banking house ________
7,500.00
Other real e s ta te ______
1.00
Cash and due from banks 456,033.93

Liabilities
Capital s t o c k __________!
Surplus f u n d __________
Undivided p r o fit s ______
Reserves ______________
Total capital
accounts_$ 233,214.89

50.000. 00
50.000. 00
114,024.44
19.190.45

Demand deposits ______ 1,542,125 49
Time deposits _________ 378,004.69
22,075.00
U. S. Gov’t deposits___
Public funds __________
123,221.14
Total dep. __$2,065,426.32
Total _______________ $2,298,641.21

$2,298,641.21

Total

PEOPLES BANK AND TRUST COMPANY, VAN BUREN
Population 6,413.
Chartered August 12, 1933.

Crawford County

Telephone Number 208.

Officers
J. J. Izard________________ President
C. E. Izard___________ Vice President
Stewart Condren____________ Cashier

Transit Number 81-100

Directors
Hal Brown
J. J. Izard
Dell Miller
Stewart Condren
Wylie B. Smith
C. J. Franklin, Jr.
R. C. Rhodes
C. E. Izard

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $ 390,190.15
907.27
Overdrafts ____________
U. S. Gov’t obligations_ 1,046.608.60
Other bonds and securities 294,459.48
Furniture and fixtures
5,500.00
Banking house ________
5,000 00
Cash and due from banks 462,726.08

Total



$2,205,391.58

Liabilities
Capital s t o c k __________$
Surplus fund __________
Undivided p r o fit s ______
Total capital
accounts_$ 146,278.11

50,000.00
50,000.00
46,278.11

Demand deposits ______ 1,401,042.59
Time deposits _________ 417,737.67
U. S. Gov’t deposits___
23,018.36
Public funds __________ 217,314.85
Total dep. _.$2,059,113.47
Total

$2,205,391.58

112

State of Arkansas: Bank Department

BANK OF WALDO, WALDO
Population 1,491.

Columbia County

Chartered September 2, 1899. Telephone Number 2274. Transit Number 81-265
Officers
J. Thurston Howell
. President
W. S. McKissack
Vice President
Mary H. Martin
_ Cashier

Directors
J. Thurston Howell W. S. McKissack
Mrs. J. Thurston Howell

STATEMENT OF JUNE 30, 1954
Liabilities
Resources
_$
Loans and discounts___ $ 269,597.97 Capital stock
U. S. Gov’t obligations_ 322,600.39 Surplus fund
Other bonds and securities
66,580.40 Undivided profits
Furniture and fixtures_
10.00 Reserves
Banking house ______
400.00 Total capital
accounts_$ 65,363.51
Cash and due from banks 152,981.81
Demand deposits
Time d ep osits_
U. S. Gov’t deposits___
Public funds
Total dep. __$ 748,807.06
Total

_

$ 812,170.57

Total

25,OOO.QO
17,500.00
17,010.19
5,853.32

594,285.68
60,002.18
5,570.83
86,948 37

$ 812,170.57

THE PEOPLES BANK, WALDO
Population 1,491.
Chartered June 22, 1910.

Columbia County

Telephone Number 3011.

Officers
H. A. Fincher____________ President
J. E. O’Daniel________Vice President
H.'H. Fincher_______________ Cashier
R. P. Cla.k____________ Asst. Cashier
M. M. Fincher------------- Asst. Cashier

E.
G.
H.
H

F. Fincher
L. Fincher
A. Fincher
H. Fincher

Transit Number 81-266
Directors
M. M. Fincher
W. 0. Fincher
J. E. O’Daniel

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ $ 805,543.71
Capital s t o c k ___ ___ $ 25,000.00
U. S. Gov’t obligations_
18,000.00 Surplus fund
50,000.00
Other bonds and securities 110,455.18 Undivided profits
16,125.66
Furniture and fixtures_
Total capital
1.00
Banking house ________
1.00
accounts_$ 91,125.66
Other real e s ta te _____
1.00
Cash and due from banks 169,275.89 Demand d e p o s its _
713,033 70
Time deposits _________ 216,055^.77
U. S. Gov’t deposits___
14,250.63
Public f u n d s _
68,812.02
Total dep. _.$1,012,152.12
Total



$1,103,277.78

Total

$1,103,277.78

Fortieth Report

113

BANK OF WALDRON, WALDRON
Population 1,292.
Chartered April 3, 1901.

Scott County

Telephone Number 41.

Officers
W. B. Piles_______________President
Gene Davidson_______ Vice President
M. C. Bird___________ Vice President
Claud W. Harrison__________Cashier
Mollie E. Center_____ Asst. Cashier
O. K. Goodner________ Asst. Cashier

Transit Number 81-239

Directors
W. A. Bates
W. J. Echols
M. C. Bird
Claud W. Harrison
Mollie E. Center W. B. Piles
Gene Davidson
John P. Woods
Wm. Knox Dozier

STATEMENT OF JUNE 30. 1954
Resources
Loans and discounts_____$
Overdrafts_____________
U. S. Gov't obligations_
Other bonds and securities
Furniture and fixtures__
Banking house__________
Cash and due from banks
Other resources_________

582,581.40
128.07
889,500.00
315,030.63
3,000.00
5,000.00
800,283.27
3,975.00

Liabilities
Capital stock_______ $
Surplus f u n d ___________
Undivided p r o fit s -____
Total capital
accounts_$ 195,704.69

Demand deposits______ 1,485,019.82
719,517.18
Time d e p o s it s _______
17,026.78
U. S. Govt deposits___
180,974.44
Public funds__________
Total dep.__ $2,402,538.22
Other liabilities_______-

T o ta l__________________ $2,599,498.37




50,000.00
75,000.00
70,704.69

1,255.46

T o ta l_________________ $2,599,498.37

114

State of Arkansas: Bank Department

MERCHANTS AND PLANTERS BANK, WARREN
Population 2,615.

Bradley County

Chartered March 15, 1890. Telephone Number 20.
Carl
A. L.
G. B.
C. F.
Mrs.
Miss

Officers
Hollis________ President
Moody_________ Vice President
Colvin__________Vice President
Sisco__________________ Cashier
Helen N.Harris__Asst. Cashier
Lois Goss________ Asst. Cashier

Transit Number 81-159

Directors
G. B. Colvin
J. C. Thompson
W. R. Warner
Carl Hollis
Laurence Hurley Albert T. Weiss
James K. Martin H. Sidney Wharton
A. L. Moody
0. W. Wheless
J. E. Stewart

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $1,120,521.46
Overdrafts_____________
422.20
U. S. Gov’t obligations-_ 728,868.76
Other bonds and securities 596,999.24
Furniture and fixtures_
14,803.07
Banking house__________
28,176.38
Cash and due from banks 960,142.39
Other resources________
3,396.34

Total




$3,453,329.84

Liabilities
Capital stock___________ $ 100,000.00
Surplus fund____________
100,000.00
90,999.48
Undivided profits_______
Reserves_______________
8,686.67
Total capital
accounts_$ 299,686.15
Demand deposits________ 1,958,677.33
Time deposits___________
723,586.97
U. S. Gov’t deposits______
90,570.23
Public funds____________
380,311.63
Deposits of banks_______
497.53
Total dep.___$3,153,643.69
Total

$3,453,329.84

Fortieth Report

115

WARREN BANK, WARREN
Population 2,615. Bradley County
Chartered December 28, 1901. Telephone Number 88. Transit Number 81-160
Officers
Directors
Louis Ederington__________ President
L. H. Derby
J. R. Gannaway
John T. Ederington___Vice President
Louis Ederington F. Martin Hankins
J. B. Frazer________ Vice President
J. T. Ederington
S. B. Meek, Jr.
M. C. Singer----- Vice Pres. & Cashier L. W. Ederington M. C. Singer
M. S. Thompson------------ Asst. Cashier J. B. Frazer
Katie Ruth Campbell___ Asst. Cashier
G. C. Sangster_________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts____ $1,617,820.10 Capital stock___________ $ 75,000.00
Overdrafts ____________
812.43 Surplus fund____________
140,000.00
U. S. Gov’t obligations_ 779,434.25 Undivided profits_______
55,918.86
110,102.08
Other bonds and securities 393,022.69 Reserves_______________
Furniture and fixtures_
1,789.63 Total capital
accounts_$ 381,020.94
Banking house__________
11,761.60
Other real estate________
1.00
Cash and due from banks 768,379.69 Demand deposits________ 1,886,592.05
813,933.01
Other resources_________
4,606.55 Time deposits___________
87,983.49
U. S. Gov’t deposits____
Public funds____________
408,098.45
Total dep___$3,196,607.00
Total

$3,577,627.94

Total

$3,577,627.94

BANK OF WEINER, WEINER
Population 644. Poinsett County
Chartered April 2, 1909.
Telephone Number 22.
Transit Number 81-456
Officers
Directors
E. E. Hogue
E. E. Hogue______________ President
Jessie M. Huber
Malcolm C. Hogue H. E. Winters
H. E. Winters_Vice Pres. & Cashier
John Hogue____________Asst. Casher
Marcus Hogue
R. A. Ziegenhorn
F. R. Huber
Juanita Gooch_________Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
Loans and discounts------- ! 383,358.19 Capital stock___________ $ 25,000.00
2,682.87 Surplus fund----------------70,000.00
Overdrafts_____________
726,200.00 Undivided profits_______
U. S. Gov’t obligations—
26,382.51
17,000.00 Reserves----------------------Other bonds and securities
12,290.93
8.954.00 Total capital
Furniture and fixtures_
1.700.00
accounts_$ 133,673.44
Banking house--------------Cash and due from banks 537,716.66
Demand deposits________ 1,399,452.34
Time deposits___________
51,921.81
U. S. Gov’t deposits____
475.00
Public funds-----------------59,508.56
Deposits of banks_______
32,580.57
Total dep___ $1,543,938.28
Total



$1,677,611.72

^otal

$1,677,611.72

116

State of Arkansas: Bank Department

MERCHANTS AND FARMERS BANK, WEST HELENA
Population 6,107. Phillips County
Chartered October 4, 1948. Telephone Number 5-6624. Transit Number 81-763
Officers
Directors
Fulton Simpson_____________President James P. Baker
J. L. Linder
Douglas Simmons__ Exec. Vice Pres. C. L. Harris
Jesse Porter
S. H. Hurst_________Vice President
S. H. Hurst
Douglas Simmons
Roy B. Warren_______________Cashier E. F. Kalb
Fulton Simpson
Ella Lewey___________ Asst. Cashier
Helen Back___________ Asst. Cashier
STATEMENT OF JUNE 30, 1954
Liabilities
Resources
50.000. 00
Loans and discounts------- $1,170,338.85 Capital stock___________ I
700.87 Surplus fund___________
Overdrafts_____________
60.000. 00
293,875.00 Undivided profits_______
U. S. Gov't obligations—
13,421.02
16,000.00 Total capital
Other bonds and securities
5,101.61
accounts_$ 123,421.02
Furniture and fixtures—
Cash and due from banks 302,385.91
Demand deposits________ 907,781.26
Time deposits___________
395,826.35
U. S. Gov’t deposits_____
15,966.98
Public funds____________
345,406.63
Total dep.__$l,664,981.22
Total

$1,788,402.24

Total

$1,788,402.24

BANK OF WEST MEMPHIS, WEST MEMPHIS
Population 9,112. Crittenden County
Chartered April 21, 1928. Telephone Number 310. Transit Number 81-695
Officers
Directors
E. J. White_______________ President O. I. Bollinger
Arthur Russell
W. H. Hundhausen___ Vice President
G. M. Coleman
H. E. Thompson
H. E. Thompson_____ Vice President
H. R. Dabbs
F. L. Wells
Taylor Claiborne____________ Cashier W. H. Hundhausen
E. J. White
Kathleen Yokley______ Asst. Cashier
A. C. Oliver
D. B. Woollard
Ruth Manchester______ Asst. Cashier
A. C. Parker
STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts------- ! 899,968.69 Capital stock___________ $ 100,000.00
U. S. Gov’t obligations— 524,365.50 Surplus fund___________
100,000.00
Other bonds and securities 203,811.65 Undivided profits_______
26,121.28
Furniture and fixtures_
52,000.00 Total capital
accounts__$ 226,121.28
Cash and due from banks 652,022.17
Demand deposits________ 1,570,559.18
Time deposits__________
404,244.25
U. S. Gov’t deposits___
3,297.47
Public funds____________
127,945.83
Total dep.___$2,106,046.73
Total



$2,332,168.01

Total

$2,332,168.01

117

Fortieth Report

MERCHANTS AND PLANTERS BANK, WEST MEMPHIS
Population 9,112.
Chartered August 5, 1941.

Crittenden County

Telephone Number 250.

Officers
J. F. Wheeler_____________ President
H. F. Ohlendorf______Vice President
W. L. Barbour, Jr._Exec. Vice Pres.
Marvin E. Phelps___________ Cashier
Roy Strong____________ Asst. Cashier

Transit Number 81-743

Directors
W. L. Barbour, Jr. Lawrence P. Primm
J. W. Farris
J. F. Wheeler
H. F. Ohlendorf

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ $1,191,089.67
Overdrafts_____________
26.47
591,551.06
U. S. Gov’t obligations__
Other bonds and securities 172,617.93
Furniture and fixtures_
18,916.36
Banking house__________
56,000.00
Cash and due from banks 820,781.16

Liabilities
Capital s t o c k - ________$ 50,000.00
100,000.00
Surplus fund___________
Undivided profits_______
78,271.02
Total capital
accounts. _$ 228,271.02
Demand deposits________ 2,019,679.38
Time deposits___________ 300,653.55
U. S. Gov’t deposits____
36,423.65
249,576.30
Public funds____________
Total dep___ $2,606,332.88
Other liabilities________

Total

$2,850,982.65

Total

16,378.75
$2,850,982.65

RICE GROWERS BANK, WHEATLEY
Population 406.

St. Francis County

Chartered September 27, 1909. Telephone Number 771. Transit Number 81-458
Officers
H. K. Smith, Jr_________ President
Robert Carvell_Vice. Pres. & Cashier
Mrs. A. H. Williams___ Asst. Cashier

Robert Carvell
Mayme Lyon

Directors
H. K. Smith, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts------- 1 626,375.56
U. S. Gov’t obligations— 123,670.00
29,450.00
Other bonds and securities
465.00
Furniture and fixtures_
1.00
Banking house__________
Cash and due from banks 348,040.69

Total



$1,128,002.25

Liabilities
Capital stock___________
Surplus fund____________
Undivided profits_______
Total capital
accounts_$ 157,196.38

25.000. 00
25.000. 00
107,196.38

Demand deposits________
Time deposits___________
Public funds___________
Total dep__ $ 970,805.87

840,054.01
58,916.28
71,835.58

Total

$1,128,002.25

State of Arkansas: Bank Department

118

WILMOT STATE BANK, WILMOT
Population 712. Ashley County
Chartered October 25, 1937. Telephone Number 3511. Transit Number 81-738
Officers
Wm. B. de Yampert_______ President
M. C. Crandall________Vice President
N. R. Kirkwood_____________ Cashier

Directors
M. C. Crandall
N. R. Kirkwood
Wm. B. de Yampert J. B. Shackelford
E. H. Dunning
G. B. Stovall

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts
_$ 688,725.32
84,531.25
U. S. Gov’t obligations_
5,042.45
Furniture and fixtures_
2,916.00
Banking house
Cash and due from banks 181,795.87

Liabilities
_$
Capital stock _
Surplus fund____________
Undivided profits.
Total capital
accounts_$ 104,136.34
Demand deposits
Time deposits _
U. S. Gov’t deposits
Public funds
Total dep___ $ 858,874.55

Total

___

_

$ 963,010.89

Total

_

25.000. 00
75.000. 00
4,136.34

757,402.76
4,500.00
3,721.43
93,250.36

$ 963,010.89

BANK OF WILSON, WILSON
Population 1,301.
Chartered October 3, 1908.

Mississippi County

Telephone Number 3251.

Officers
R. E. L. Wilson, III—Chrm. of Board
Benton Garrett___________ President
C. J. Lowrance, Jr____ Vice President
J. B. Gwyn-------------------------- Cashier
Ruth Childs___________Asst. Cashier
Gatha Watson________ Asst. Cashier

Transit Number 81-462

Directors
J. H. Crain
R. H. Robinson
C. L. Denton, Jr. R. E. L. Wilson, Jr.
Benton Garrett R. E. L. Wilson, III
C. J. Lowiance, Jr.

STATEMENT OF JUNE 30, 1954
Resources
Liabilities
Loans and discounts___ -$1,456,555.56
Capital stock___________ $ 100,000.00
Overdrafts_____________
6.16 Surplus fund____________
300,000.00
U. S. Gov’t obligations_
63,867.60 Undivided profits_______
45,478.68
Other bonds and securities
97,795.47 Reserves_______________
2,980.34
Furniture and fixtures_
6,119.86 Total capital
accounts_$ 448,459.02
Banking house__________
60,000.00
Cash and due from banks 535,483.99
Other resources_________
509.02 Demand deposits________ 1,049,113.73
Time deposits___________
387,580.43
U. S. Gov’t deposits_____
318.75
Public funds____________
314,865.73
Deposits of banks_______
20,000.00
Total dep-----$1,771,878.64
Total



$2,220,337.66

Total

$2,220,337.66

Fortieth Report

119

CROSS COUNTY BANK, WYNNE
Population 4,142.
Chartered June 5, 1891.

Cross County

Telephone Number 46.

Officers
Dave Block______________ President
J. W. Lipscomb_____Exec. Vice Pres.
H. K. Barwick, Jr____ Vice President
Wallace Eldridge___________ Cashier
A. B. Pool_____________ Asst. Cashier

Transit Number 81-151

Directors
H. K. Barwick, Jr.J. H. Johnston, Jr.
Dave Block
J. W. Lipscomb
David Drexler
W. W. Shaver, Jr.
J. C. Hilliard
H. Steinberg

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts_____$1,324,778.70
Overdrafts_____________
19.42
U. S. Gov’t obligations_ 165,000.00
Other bonds and securities 317,317.75
Furniture and fixtures_
1,000.00
Banking house__________
25,000.00
Cash and due from banks 503,129.26

T o ta l__________________ $2,336,245.13

Liabilities
Capital stock___________ $ 50,000.00
Surplus fund______________100,000.00
Undivided profits_______ 117,468.33
Total capital
accounts_$ 267,468.33
Demand deposits________ 1,736,222.82
Time deposits___________
104,987.97
U. S. Gov’t deposits_____
16,459.10
Public funds____________
211,106.91
Total dep.___$2,068,776.80
T o ta l__________________ $2,336,245.13

THE BANK OF YELLVILLE, YELLVILLE
Population 697.

Marion County

Chartered December 13, 1945. Telephone Number 2501. Transit Number 81-753
Officers
Park Gaines______________ President
H. A. Burnes________ Vice President
Lon W. Berry_______ Vice President
Bernice Berry______________ Cashier
Wynona Willingham__ Asst. Cashier

Bernice Berry
Lon W. Berry
H. A. Burnes

Directors
George N. Cavaness
Park Gaines
Wynona Willingham

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts____ !
Overdrafts ____________
U. S. Gov’t obligations_
Other bonds and securities
Furniture and fixtures_
Cash and due from banks

322,401.37
90.94
367,921.88
121,045.54
1,250.00
188,072.70

Liabilities
Capital stock___________ $
Surplus fund___________
Undivided profits_______
Total capital
accounts_$ 110,784.75
Demand deposits________
Public funds____________
Total dep___ $ 889,997.68

Total



$1,000,782.43

Total

25,000.00
75,000.00
10,784.75

740,114.28
149,883.40

$1,000,782.43

120

State of Arkansas: Bank Department

CONSOLIDATED STATEMENT OF CONDITION OF THE
THREE COOPERATIVE EXCHANGES OPERATING
IN ARKANSAS AS OF JUNE 30, 1954
Resources
Loans and discounts _________________________________ $ 11,163.46
Overdrafts __________________________________________
23.50
U. S. Government obligations ________________________
38,131.75
Furniture and fixtu res________________________________
175.0Q
Cash and due from ban k s_____________________________
115,890.18
Other resources ______________________________________
1,297.45
Total R esources__________________________________$ 166,681.34
Liabilities
Capital s t o c k
_____________________________________$
Surplus and undivided p r o fits ________________________
Deposits ______________________________________________
Other liabilities______________________________________

5,380.00
9,161.45
152,125.79
14.10

Total Liabilities _____________________________________ $ 166,681.34




121

Fortieth Report

THE FIRST COMPANY, BLACK ROCK
Population 662.

Lawrence County

Telephone Number TR 8-6351
Officers
-President
J. F. Sloan_— _
Dr. E. J. Cruse________Vice President
Henry L. Clark__________..Manager

Directors
C. H. Smith
Dr. E. J. Cruse
J. E. Krone
J. H. Myers
J. F. Sloan

STATEMENT OF JUNE 30, 1954
Resources
Cash and due from banks $
Other resources ________

Total _______________ $

4,901.03
1,297.45

6,198.48

Liabilities
Capital stock
-$
Undivided p r o fit s ____
Total capital
accounts_$
6,187.09

2,480.00
3,707.09

Other liabilities_______

11.39

Total ______________

6,198.48

THE HARDY EXCHANGE, HARDY
Population 599.

Sharp County

Telephone Number 2264
Officers
Claude Finch______________ President
R. A. Jackson_______Vice President
T. W. Walker______________ Cashier

Claude Finch
R. A. Jackson

Directors
T. W. Walker

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
U. S. Gov’t obligations
Furniture and fixtu res
Cash and due from banks

4,199.15
18,587.20
175.00
55,351.05

Liabilities
Capital s t o c k --------------- $
Undivided p r o fit s ______
Total capital
accounts—$
4,529.11
Demand deposits ______
Public funds __________
Total d e p ._$ 73,783.29

Total




$

78,312.40

Total

2,500.00
2,029.11

56,398.08
17,385.21

$

78,312.40

122

State of Arkansas: Bank Department

WILMAR EXCHANGE COMPANY, WILMAR
Population 746.

Drew County

Telephone Number 28
Officers
E. A. Oslin______________President
Louin McKinstry---------Vice President
R. A. McKinstry___________ Cashier
Mrs. R. A. McKinstry__ Asst. Cashier

Directors
James Daniel
Louin McKinstry
R. A. McKinstry

E. A. Oslin
C. T. Sims

STATEMENT OF JUNE 30, 1954
Resources
Loans and discounts___ $
___
O v e rd ra fts _
U. S. Gov’t obligations_
Cash and due from banks

Total _______________ $




6,964.31
23.50
19,544.55
55,638.10

82,170.46

Liabilities
Capital stock __________ $
Undivided p r o fit s ____
R e se r v e s ___ ________
Total capital
accounts_$
3,825.25

400.00
625.25
2,800.00

Demand deposits _____
Public funds __________
Total d e p ._$ 78,342.50*

73,378.46
4,964.04

Other liabilities ________

2.71

Total ________ __

___$

82,170.46

Fortieth Report

REPORT
OF
BUILDING AND LOAN DIVISION
AND
SECURITIES DIVISION




123

124

State of Arkansas: Bank Department

BUILDING AND LOAN DIVISION
December 31, 1953

Statement of eight active state chartered Building and Loan
Associations, compiled from annual reports rendered the Arkansas
State Bank Department as of December 31, 1953.
List o f four voluntary liquidating Building and Loan Associa­
tions as of December 31, 1953.
Two newly chartered Associations are:
Security Savings and Loan Association
Camden, Arkansas
Charter dated September 21, 1953.
First State Savings and Loan Association
Harrison, Arkansas
Charter dated May 28, 1954.
Two chartered inactive Associations are:
Dixie Savings and Loan Association
W est Memphis, Arkansas
Charter dated June 2, 1953.
First State Savings and Loan Association
W est Memphis, Arkansas
Charter dated January 5, 1953.




Fortieth Report

125

COMBINED STATEMENT OF THE EIGHT ACTIVE STATE CHARTERED
BUILDING AND LOAN ASSOCIATIONS
AS OF DECEMBER 31, 1953
Assets
Real Estate Loans __________________________________________ $12,982,030.63
Share L o a n s _________________________________________________
132,034.12
United States Government Obligations________________________
683,010.00
Other Securities ____________________________________________
208,001.00
Cash on Hand and in B an k s_________________________________
976,511.86
Other Assets _______________________________________________
20,953.30
Furniture and F ixtu res______________________________________
11,869.93
Contracts of S a le ___________________________________________
1,890.58
Office Buildings_____________________________________________
13,544.91
Total A s s e ts ____________________________________________ $15,029,846.33
Liabilities
Shares_______________________________________________________ $12,717,372.26
Other Liabilities_____________________________________________
151,049.99
Reserves ____________________________________________________ 1,008,323.02
327,714.67
Undivided Profits -----------------------------------------------1____________
Advances from Federal.Home Loan B a n k _____________________
582,750.00
Dividends Payable __________________________________________
12,351.75
Loans in Process ___________________________________________
136,385.86
Notes Payable ----------------------------------------------------------------------24,898.78
69,000.00
Permanent Guaranty S tock ___________________________________
Total Liabilities_________________________________________ $15,029,846.33




126

State of Arkansas: Bank Department

FAYETTEVILLE BUILDING AND LOAN ASSOCIATION
FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

W. P. McNair, Jr___________ President H. E. Cravens
H. E. Cravens________Vice President David McNair
David McNair__ Secretary-Treasurer W. P. McNair, Jr.
H. L. Pearson_______________Attorney Roy A. Adams
Maxine Atha_________ Asst-Secretary

W. L. Pearson
W. C. Smith
F. Fenner Stice

Liabilities

Assets
Real estate lo a n s _____ $2,993,656.70
Share loans ___________
3,000.00
U. S. Gov’t obligations_ 190,000.00
Other securities _______
48,100.00
Cash on hand and in banks 290,039.50
Furniture and fixtures __
1.00
Other assets __________
1.00

Shares ________________ $3,295,248.35
Other liabilities _______
363.52
Reserves ______________
207,654.49
Undivided p r o fits __________________ 21,531.84

$3,524,798.20

$3,524,798.20

FORREST CITY SAVINGS AND LOAN ASSOCIATION
FORREST CITY, ST. FRANCIS COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

Ed Ash___________________President
W. E. Stevens________Vice President
C. W. Norton______________Secretary

A. L. Harris
W. J. Clanton
C. W. Norton

Liabilities

Assets
Real estate lo a n s _____ !
Share loans ___________
U. S. Gov’t obligations —
Other securities _______
Furniture and fixtures_
Cash on hand and in banks
Other assets __________




Ed Ash
John C. Bowen
W. E. Stevens

658,395.17
6,736.36
15,000.00
9,000.00
977.31
60,063.15
226.46

$ 750,398.45

Shares ________________ I
Advances from FHL bank
Other liabilities________
Dividends p a y a b le _____
Reserves ______________
Undivided p r o fits ______

651,068.24
40,000.00
291.23
12,351.75
25,082.71
21,604.52

$ 750,398.45

Fortieth Report

127

UNITED BUILDING AND LOAN ASSOCIATION
FORT SMITH, SEBASTIAN COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

F. W. Dyke----------------------President
C. C. Davis------------------ Vice President
R. A. DeLong— Secretary-Treasurer
Heartsill Ragon____________ Attorney

W. V. Boatright
R. B. Cutting
C. C. Davis
R. A. DeLong
A. R. Noe

Dr. Ralph Crigler
F. W. Dyke
R. J. Ross
R. A. Young

Assets

Liabilities

Real estate lo a n s ______$5,168,359.49
Share loans ___________
52,249.00
U. S. Gov’t obligations __ 306,610.00
86,300.00
Other securities________
Furniture and fixtu res_
5,087.82
Cash on hand and in banks 416,116.67
3,121.87
Other assets __________

Shares ------------------------- $5,042,551.24
Advances from FHL bank 450,000.00
Other liabilities _______
78,674.35
Loans in p r o c e s s ______ 100,409.59
Reserves ______________
333,236.49
Undivided p r o fit s ______
32,973.18

$6,037,844.85

$6,037,844.85

JONESBORO BUILDING AND LOAN ASSOCIATION
JONESBORO, CRAIGHEAD COUNTY, ARKANSAS
December 31, 1953
Officers
E. L. Westbrooke.
J. H. Little, Jr._.
J. C. Westbrooke.
Roy Sigler----------

Directors

_____ President
.Vice President
_____ Secretary
_____ Attorney

Roy Sigler
E. L. Westbrooke
F. J. Gregson

Liabilities

Assets
253,514.69
1,282.11
1.00
7,500.00
8,004.32
12,547.88

Shares ________________ $ 183,387.40
Other liabilities________
44,563.82
24,898.78
Notes p a y a b le_________
Reserves ______________
30,000.00

$ 282,850.00

$ 282,850.00

Real estate lo a n s ______!
Contracts of s a le ______
Furniture and fixtu res_
Office b u ild in g________
Cash on hand and in banks
Other assets __________




J. B. Hinson
W. R. Weaver
J. C. Westbrooke
J. H. Little, Jr.

128

State of Arkansas: Bank Department

PEOPLES BUILDING AND LOAN ASSOCIATION
LITTLE ROCK, PULASKI COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

W. W. Finch__________Pres. & Secy.
Claiboume W. Conway_Vice President
Carl Hollis_Vice Pres. & Chmn. Board
W. C. Thomas______ Vice President
Treas. & Asst. Secy.
Pearl Hinkle________ Asst. Secretary

W. W. Finch
Robert C. Bird
Carl Hollis
Claiboume W. Conway
W. C. Thomas

Assets

Liabilities

Real estate loa n s_______ $2,252,228.37
Share lo a n s ____________
52,022.76
U. S. Gov’t obligations_ 100,000.00
Other securities________
35,000.00
Furniture and fixtu res_
2,700.00
608.47
Contracts of s a l e _____
Cash on hand and in banks
42,864.36

Shares___________ $2,160,036.32
Advances from FHL bank
65,000.00
Other liabilities__
1,304.94
Loans in process__
27,452.82
Reserves_________
205,000.00
Undivided p r o fit s ______
26,629.88

$2,485,423.96

$2,485,423.96

ARGENTA BUILDING AND DOAN ASSOCIATION
NORTH LITTLE ROCK, PULASKI COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

Lee Miles________ President-Attorney
Joe W. Pugh, Jr._Vice Pres. & Treas.
Solon Humphreys___ Mgr.-Secretary
Berah Eason_____Cash. & Bookkeeper
Mrs. M. L. Spradlin___ Stenographer

Mrs. Lucy P. Humphreys
Solon Humphreys
Lee Miles
Joe. W. Pugh, Jr

Assets

Liabilities

Real Estate lo a n s _____ $ 469,968.13
Share loa n s____________
57.72
U. S. Gov’t obligations—
57,400.00
Other securities________
14,101.00
Cash on hand and in banks
55,299.48
Other a ss e ts ___________
3.00

Shares ________________ $ 285,394.44
Other liabilities________
19,720.01
Reserves_______________
162,972.00
Undivided p r o f it s ______ 128,742.88

$ 596,829.33

$ 596,829.33




Fortieth Report

129

GUARANTY SAYINGS AND LOAN ASSOCIATION
PINE BLUFF, JEFFERSON COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

C. S. McNew, Jr__________ President
J. W. Bellamy, Jr____ Vice President
Glenn A. Railsback_Secretary-Treas.
Bettye Dorris___ Assistant Secretary
Jay W. Dickey_____________ Attorney

C. S. McNew, Jr.
Jay W. Dickey
J. W. Bellamy, Jr.
J. Richard Pierce
Glenn A. Railsback

Assets

Liabilities

Real estate lo a n s ______$ 623,663.56
Share loan s____________
7,041.32
Other securities _______
4,600.00
Furniture and fixtu res_
3,102.80
Cash on hand and in banks
81,503.14
4,844.91
Office building_________
Other a ssets___________
626.88

Shares ________________ $ 704,563.10
Loans in process________
8,523.45
6,177.33
Reserves_______________
Other liabilities________
6,118.73

$ 725,382.61

$ 725,382.61

WARREN BUILDING AND LOAN ASSOCIATION
WARREN, BRADLEY COUNTY, ARKANSAS
December 31, 1953
Officers

Directors

J. R. Ganaway____________ President
Louis Ederington______Vice President
Byron L. Herring V. Pres., Sec.-Treas.
B. Ball___________________ Attorney

Louis Ederington
Byron L. Herring
J. R. Ganaway

N. R. Herring
J. B. Fraser

Assets

Liabilities

Real estate lo a n s ______$ 562,244.52
Share loans ___________
10,926.96
U. S. Gov’t obligations_
14,000.00
10,900.00
Other securities________
Office b u ild in g-----------1,200.00
Cash on hand and in banks
22,621.24
Other assets __________
4,426.21

Shares ________________ $ 395.123.17
Advances from FHL bank
27,750.00
Other liabilities_
13.39
Permant guaranty stock 69,000.00
38,200.00
Reserves ______________
Undivided p r o fit s _______ 96,232.37

$ 626,318.93

$ 626,318.93




130

State of Arkansas: Bank Department

LIST OF VOLUNTARY LIQUIDATING STATE CHARTERED
BUILDING AND LOAN ASSOCIATIONS IN ARKANSAS
AS OF DECEMBER 31, 1953
Leader Building and Loan Association__________________ Little
Prudential Building and Loan Association_______________ Little
Equitable Building and Loan Association________________ Little
Young Men’s Building and Loan Association_____________ Little




Rock
Rock
Rock
Rock

Fortieth Report

SECURITIES DIVISION




June 30, 1954

*

*
*

*

131

132

State of Arkansas: Bank Department

SUPERVISED LOAN COMPANIES UNDER ACT 397 OF 1947
June 30, 1954
Union Investment Co., Inc----------------------Standard Finance Co------------------------------Utley & Co., Inc------------------------------------Peoples Co., Inc--------------------------------------Arkansas Acceptance Co------------------------Helena Industrial Loan Corp____________
Home Finance System. Inc----------------------Hope Finance Co_____________________
The Peoples Loan & Investment Co_____
Arkansas Investment Co------------------------General Contract Corp___________________
Atlas Finance Co_______________________
Central Loan & Investment Co__________
General Contract Corp___________________
Liberty Loan & Realty Co._______________
Murdock Acceptance Corp----------------------United Loan & Investment Co___________
James L. Lucas Co_____________________
Peerless Thrift & Loan Co______________
Peoples Loan & Investment Co., Inc_____
Union Industrial Loan Corp_____________
Delta Loan & Finance Co_______________
Charles J. Upton Loan & Real Estate Co.




_E1 Dorado, Ark.
-Fayetteville, Ark.
-Fayetteville, Ark.
-Fort Smith, Ark.
-Harrison, Ark.
-Helena, Ark.
-Helena, Aik.
-Hope, Ark.
-Hope, Ark.
-H ot Springs, Ark.
-Jonesboro, Ark.
-Little Rock, Ark.
-Little Rock, Ark.
-Little Rock, Ark.
- Little Rock, Ark.
-Little Rock, Ark.
-Little Rock, Ark.
-Magnolia, Ark.
_ Morrilton, Ark.
_ Mount Ida, Ark.
-North Little Rock, Ark.
-Pocahontas, Ark.
-W est Memphis, Ark.

Fortieth Report

133

MORTGAGE LOAN COMPANIES UNDER ACT 397 OF 1947
June 30, 1954
H. A. Crabb & Co., Inc__________________________ Arkadelphia, Arkansas
Houston, Texas
David Investment Co____________________________ Blytheville, Arkansas
Logan Finance Corporation____________________ Blytheville, Arkansas
Home Improvement Financing Corporation______Fort Smith, Arkansas
Washington, D. C.
Republic Mortgage Co., Inc_____________________Fort Smith, Arkansas
Block Mortgage Company, Inc------------------------- Little Rock, Arkansas
Cherokee Mortgage & Investment Co__________ Little Rock, Arkansas
Shreveport, Louisiana
Jack Collier East Co., Inc.___________________ ^Little Rock, Arkansas
Mainland Mortgage Co.________________________ Little Rock, Arkansas
Houston, Texas
Republic Mortgage Co., Inc.____________________ Little Rock, Arkansas
Roberts Mortgage Co., Inc_____________________Little Rock, Arkansas
Wichita, Kansas
Julian J. Rothbaum & Co., Inc.__________________ Little Rock, Arkansas
Tulsa, Oklahoma
William E. Terry & Co., Inc__________________ Little Rock, Arkansas
Texas State Mortgage Co_______________________ Little Rock, Arkansas
Houston, Texas
Home Loans, Inc_______________________________ North Little Rock, Ark.
Republic Mortgage Co., Inc_____________________Texarkana, Arkansas
Guaranty Loan & Real Estate Co---------------------- West Memphis, Arkansas




134

State of Arkansas: Bank Department

COMBINED STATEMENT OF RESOURCES AND LIABILITIES OF
SIX INDUSTRIAL LOAN INSTITUTIONS OPERATING
UNDER ACT 111 OF 1941
June 30, 1954
Assets
L oa n s--------------------------------------------------------------------------------------- $1,607,989.31
Cash and due from banks_______________________________________
168,745.15
Bonds and securities.__________________________________________
264,266.50
Other assets _______ 1___________________________________________
41,773.72
Total A ssets_______________________________________________ $2,082,774.68
Liabilities
Capital________________________________________________________ $
Notes p aya b le_________________________________________________
Surplus______________________________________________________
Unearned discount____________________________________________
Reserves_____________________________________,_________________
Debentures_________________________________
Certificates___________________________________________________
Other liabilities________________________________________________
Total Liabilities




492,975.00
602,023.25
398,629.99
2,220.64
55,328.26
80,900.00
419,958.38
30,739.16

$2,082,774.68

Fortieth Report

135

COMMERCIAL CREDIT PLAN, INC.
FORT SMITH, ARKANSAS
June 30, 1954
Officers
H. A. Cherry
J. F. Ireton .
S. M. Chesney
K. F. Turner _

.President
.Secretary
Treasurer
-Manager
Liabilities

Assets
L o a n s _________________ $
Cash and due from banks
Bonds and securities_____

59,852.98
17,835.39
99,906.25

C apital________________ $ 100,000.00
Surplus________________
17,078.45
Unearned discount_______
1,305.49
Notes payable__________
22,404.83
Reserved for bad debts__
360.39
Certificates____________
35,263.98
1,181.48
Other liabilities_________

Total assets____________ $ 177,594.62

Total liabilities__________$ 177,594.62

PEOPLES LOAN AND INVESTMENT COMPANY
FORT SMITH, ARKANSAS
June 30, 1954
Officers
R. A. Young, Sr.
W. A. Needham
R. C. Helvie
Mary C. S im s_
C. E. Sartain

---------------President
____ Vice President
Secretary Manager
_________ Treasurer
_____Loan Manager

Assets

Liabilities

Loans _________________ $ 691,763.31
Cash and. due from banks
89,553.66
Other assets____________
22,929.31

Total assets.




$ 804,246.28

C apital________________ $ 92,975.00
Surplus _______________
83,279.16
Debentures_____________
80,900.00
Notes payable__________ 365,000.00
Thrift certificates_______ 149,283.00
Reserves_______________
31,720.94
Other liabilities_________
1,088.18
Total liabilities.

$ 804,246.28

State of Arkansas: Bank Department

136

COMMERCIAL CREDIT PLAN, INC.
JONESBORO, ARKANSAS
June 30, 1954
Officers
H. A. Cherry
J. F. Ireton __
S. M. Chesney
M. S. Crawley

-President
-Secretary
Treasurer
..Manager
Liabilities

Assets
Loans _________________ $
Bonds and securities------Cash and due from banks
Other assets______________

Total assets

8,517.52
99,906.25
4,010.57
14,057.97

$ 126,492.31

C apital________________ $ 100,000.00
19,189.91
Surplus________________
Unearned discount_______
131.31
Reserved for bad debts__
115.54
5,013.42
Certificates____________
Other liabilities________
2,042.13
Total liabilities__________$ 126,492.31

COMMERCIAL CREDIT PLAN, INC.
LITTLE ROCK, ARKANSAS
June 30, 1954
Officers
H. A. Cherry
J. F. Ireton
S. M. Chesney
R. L. Pledger

.President
-Secretary
.Treasurer
..Manager

Assets

Liabilities

Loans ________________ $
Bonds and securities____
Cash and due from banks

Total a s s e t s .___




47,500.56
64,454.00
18,504.63

_ $ 130,459.19

Capital _______ _ - $
Surplus
Notes payable- _______
Unearned discount _
Reserve for bad debts- —
Certificates_____ _
Other liabilities- _ _ _
Total liabilities _

50,000.00
14,724.49
34,618.42
783.84
422.17
28,765.98
1,144.29
130,459.19

Fortieth Report

137

NATIONAL CREDIT CORPORATION
PINE BLUFF, ARKANSAS
June 30, 1954
Officers

N. J.
V. D.
C. A.
C. S.

Gantt, Jr. _
W ebb _____
D a vies___
McNew, Jr.

------------- President
____ Vice President
Secretary-Manager
_________Treasurer
Liabilities

Assets
Loans _________________ $ 537,509.22
Cash and due from banks
30,147.91
Other a ssets___________
3,477.56

Total assets__________$ 571,134.69

C apital________________ $
Surplus________________
Notes payable__________
Investment certificates_
Reserve for bad debts__
Other liabilities________

100,000.00
117,665.55
105,000.00
200,500.84
22,709.22
25,259.08

Total liabilities_______ $ 571,134.69

MORGAN PLAN COMPANY
TEXARKANA, ARKANSAS
June 30, 1954
Officers
F. E. W ils o n ___
S. H. A tkinson__
Edwin D. McDaniel

__________President
____ Vice President
Secretary-Treasurer
& Manager

Assets

Liabilities

Loans _________________ $ 262,845.72
Cash and due from banks
8,692.99
Other a ssets___________
1,308.88

C apital________________ $ 50,000.00
Surplus________________
146,692.43
75,000.00
Notes payable__________
Investment certificates_
1,131.16
24.00
Other liabilities________

Total assets




$ 272,847.59

Total liabilities

$ 272,847.59

138

State of Arkansas: Bank Department

COMBINED STATEMENT OF ASSETS AND LIABILITIES
THIRTY CREDIT UNIONS OF ARKANSAS
AS OF DECEMBER 31 , 1953
Assets
L oans-------------------------------------------------------------------------- $ 946,957.81
Bonds and Securities _________________________________
275,593.43
Cash on Hand and in B an k s___________________________ 150,957.88
Other A s s e ts _________________________________________
54,790.61
TOTAL A S S E T S _________________________________ $1,428,299.73
Liabilities
Shares _________
Notes Payable
Guaranty Fund
Undivided Profits
Other Liabilities .
TOTAL LIABILITIES
Total approximate number of members 8,314




$1,306,892.01
7,060.39
49,284.86
44,450.58
20,611.89
$1,428,299.73

Fortieth Report

139

WILLIAMS ROOFING EMPLOYEES CREDIT UNION
CAMDEN, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ :
Cash on hand and in banks

5,192.10
231.15

Total assets--------------- $

5,423.25

Shares_________
Guaranty fund
Undivided profits
Total liabilities______$

5,353.11
60.92
9.22
5,423.25

Approximate number of members 109

LION OIL CO-OPERATIVE SAVINGS & CREDIT ASSOCIATION
EL DORADO, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ $ 109,324.80
Bonds and securities___
119,830.00
Cash on hand and in banks
42,567.63
Other a ssets_____________
30,763.86
Total assets__________$ 302,486.29

Shares_________________ $ 278,676.57
Guaranty fund ________
7,940.90
Undivided p r o fit s ______
5,239.18
Notes payable__________
6,914.74
Other liabilities________
3,714.90
Total liabilities______$ 302,486.29

Approximate number of members 1052

PAN AM EL DORADO EMPLOYEES CREDIT UNION
EL DORADO, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________ !
Cash on hand and in banks
Other assets ___________

11,504.04
390.65
258.93

Total assets ------------------$

12,153.62

Shares__________
Guaranty fu n d _
Undivided profits
Other liabilities _
Total lia b ilitie s ______ $

Approximate number of members 229




10,537.80
476.51
694.40
444.91
12,153.62

140

State of Arkansas: Bank Department

ARKANSAS WESTERN EMPLOYEES CREDIT UNION
FAYETTEVILLE, ARKANSAS
December 31, 1953
Liabilities

Assets
L o a n s _________________ I
Bonds and securities___
Cash and due from banks
Other a ss e ts ___________

39,288.59
9,812.90
4,249.82
10,000.00

Shares__________
Guaranty fu n d _
Undivided profits
Other liabilities _

58,710.00
1,885.92
1,840.48
914.91

Total assets ___________ $

63,351.31

Total liabilities_________$

63,351.31

Approximate number of members 125

GURDON-MISSOURI PACIFIC EMPLOYEES CREDIT UNION
GURDON, ARKANSAS
Permit August 5, 1952
(Inactive)

HOT SPRINGS FEDERAL EMPLOYEES CREDIT UNION
HOT SPRINGS, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ :
Bonds and securities___
Cash on hand and in banks
Other assets ___________

58,138.90
1,500.00
8,583.72
7,759.56

Shares__________
Guaranty fund
Undivided profits

72,021.63
1,732.10
2,228.45

Total assets____________ $

75,982.18

Total liabilities_

75,982.18

Approximate number of members 333

MAJESTIC HOTEL CREDIT UNION
HOT SPRINGS, ARKANSAS
December 31, 1953
Liabilities

Assets
L oans_____________________$11,685.70
Cash on hand and in banks
8,879.50
Other a ss e ts___________
12.50

Shares ________________ $
Guaranty fu n d _________
Undivided p rofits_______

19,570.08
415.00
592.62

Total assets____________ $

Total liabilities_

20,577.70

20,577.70

Approximate number of members 113



Fortieth Report

141

AGRICULTURAL EXTENSION WORKERS’ CREDIT UNION
LITTLE ROCK, ARK ANSAS

December 31, 1953
Assets

Liabilities

Loans _________________
Bonds and securities_____
Cash on hand and in banks

62,462.72
1,850.00
6,670.14

Shares_________
Guaranty fund
Undivided profits
Other liabilities .

65,396.64
2,238.45
3,323.77
24.00

Total assets

70,982.86

Total liabilities_________$

70,982.86

____ $

Approximate number of members 198

ARKANSAS DEMOCRAT CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________ $
Bonds and securities_____
Cash on hand and in banks

769.60
30,269.66
4,472.53

Shares_________
Guaranty fu n d __
Undivided profits

32,264.91
1,876.18
1,370.70

Total assets

35,511.79

Total liabilities

35,511.79

Approximate number of members 126

ARKANSAS MAID CREDIT UNION
‘ LITTLE ROCK, ARKANSAS
Permit January 19, 1953
(Inactive)

ARKLAGAS CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________ $
Bonds and securities_____
Cash on hand and in banks
Other a ssets___________

58,603.81
3,552.64
4,356.65
2,930.91

Shares __________
Guaranty fu n d _
Undivided profits
Other liabilities _

63,486.91
2,139.45
3,781.07
36.58

Total assets____________ $

69,444.01

Total liabilities_________ $

69,444.01

Approximate number of members 277




142

State of Arkansas: Bank Department

CAPITOL CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ :
Bonds and securities___
Cash and due from banks

512.00
46,131.95
1,234.93

Shares__________
Guaranty fund
Undivided profits

46,516.40
961.02
401.46

____ $

47,878.88

Total liabilities--------------$

47,878.88

Total assets

Approximate number of members 258

DEPARTMENT OF LABOR CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

Assets
L o a n s -------------------------- $
Bonds and securities____
Cash on hand and in banks
Other assets -----------------

19,609.64
370.00
9,323.53
767.42

Shares_________
Notes payable__
Guaranty fund
Undivided profits

28,194.03
65.05
1,075.13
736.38

Total assets

30,070.59

Total liabilities________$

30,070.59

Approximate number of members 186

ENGINEERS CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ !
Bonds and securities____
Cash on hand and in banks
Other a ssets___________

28,598.42
10,000.00
4,189.30
.59

Shares ________
Guaranty fund
Undivided profits

39,177.87
1,624.85
1,985.59

Total a sse ts_____________$

42,788.31

Total lia b ilitie s ________ $

42,788.31

Approximate number o f members 287




Fortieth Report

143

FEDERATION CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________
Bonds and securities___
Cash on hand and in banks

58,630.01
3,745.00
2,039.80

Shares_________
Guaranty fund
Undivided profits
Other liabilities .

51,789.18
3,688.64
541.31
8,395.68

Total assets

64,414.81

Total liabilities_________$

64,414.81

------- $

Approximate number of members 325

FRANKE’S CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _ _ — _
___ $
Cash on hand and in banks

3,237.81
2,342.50

Shares _
_ _______
Guaranty fu n d ________
Undivided profits _ ____

4,765.27
714.17
100.87

Total assets _

5,580.31

Total liabilities_- ___ -$

5,580.31

__ ______ $

Approximate number of members 135

GAZETTE EMPLOYEES’ CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s ________- ________ !
Bonds and securities_____
Cash on hand and in banks
$

Total assets

1,453.14
3,200.00
321.07

Shares_________
Guaranty fu n d __
Undivided profits

4,350.52
564.01
59.68

4,974.21

Total liabilities

4,974.21

Approximate number of members 55




144

State of Arkansas: Bank Department

KEMBA LITTLE ROCK CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

Assets
L o a n s _________________ !
Bonds and securities____
Cash on hand and in banks

41,632.94
12,480.00
4,712.34

Shares__________
Guaranty fund
Undivided profits

49,281.93
4,186.10
5,357.25

Total assets____________ $

58,825.28

Total liabilities_

58,825.28

Approximate number of members 264

LITTLE ROCK CITY EMPLOYEES’ CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

Assets
L o a n s __________ _______ !
Cash on hand and in banks
Other a ss e ts ___________

2,405.84
77.81
102.29

Shares_______
Guaranty fund
Other liabilities

2,246.49
25.50
313.95

Total assets____________ $

2,585.94

Total liabilities __

2,585.94

Approximate number of members 85

LITTLE ROCK MUNICIPAL WATER WORKS EMPLOYEES’ CREDIT
UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ $
Bonds and securities___
Cash on hand and in banks

3,020.25
3,200.00
1,569.74

Shares_________________ $
Guaranty fu n d _________
Undivided p rofits_______
Other liabilities________

5,158.54
353.92
14.43
2,263.10

Total a sse ts _____________$

7,789.99

Total lia b ilitie s ________ $

7,789.99

Approximate number o f members 64




Fortieth Report

145

LITTLE ROCK POSTAL CREDIT UNIOIN
LITTLE ROCK, ARK ANSAS

December 31, 1953
Assets
Loans _________________ !
Bonds and securities____
Cash on hand and in banks

Liabilities
88,763.77 Shares_________________ $
4,690.00 Guaranty fu n d __________
10,631.11 Undivided p rofits________
Other liabilities_________

Total assets____________ $ 104,084.88

Total liabilities__

87,537.95
7,797.57
4,477.53
4,271.83
104,084.88

Approximate number of members 427

SOUTHWEST HOTELS CREDIT ASSOCIATION
LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

A ssets

L o a n s _________________ $
Bonds and securities-----Cash on hand and in banks
Other assets------------------

25,220.34
11,800.00
12,013.87
27.80

Shares ________________ $
Guaranty fu n d _________
Undivided p ro fits_______

45,748.37
1,754.00
1,559.64

“Total assets____________ $

49,062.01

Total liabilities_________ $

49,062.01

Approximate number of members 317

STATE CENTRAL CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

A ssets

Xoans _________________ !
Bonds and securities------Cash on hand and in banks
Other assets — ------------

6,005.82
1,000.00
1,329.30

T otal a s s e ts _____________$

8,336.12




Shares ________
Guaranty fund
Undivided profits

7,812.57
198.67
324.88

Total liabilities _

8,336.12

1.00

Approximate number o f members 64

146

State of Arkansas: Bank Department

TELCOE CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ :
Bonds and securities___
Cash on hand and in banks
Other assets ___________

89,907.67
646.28
7,851.68
819.17

Shares_________
Guaranty fund
Undivided profits
Other liabilities .

93,889.02
1,457.96
3,680.92
196.90

Total assets____________ $

99,224.80

Total liabilities_

99,224.80

Approximate number of members 958

U. D. CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans -------------------------- $
Cash on hand and in banks

11,706.39
1,046.67

Shares_________
Notes payable__
Guaranty fund __
Undivided profits

12,246.59
1.80
143.33
361.34

Total assets____________ $

12,753.06

Total liabilitities

12,753.06

Approximate number of members 180

U. S. TIME EMPLOYEES’ CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________
Cash on hand and in banks
Other a ss e ts ___________

59,013.06
652.20
132.50

Shares_________
Notes payable__
Guaranty fund
Undivided profits

57,639.68
78.80
638.08
1,441.20

Total assets

59,797.76

Total liabilities

59,797.76

Approximate number of members 651




Fortieth Report

147

VETERAN S ADM INISTRATION EMPLOYEES’ CREDIT UNION
LITTLE ROCK, ARK ANSAS

December 31, 1953
Liabilities

Assets
L o a n s _________________ $
Bonds and securities_____
Cash on hand and in banks
Other a ssets___________

31,076.88
3,500.00
2,052.43
249.16

Shares ________________ $
Guaranty fu n d _________
Undivided p rofits_______
Other liabilities________

33,655.39
1,664.51
1,551.44
7.13

Total assets____________ $

36,878.47

Total liabilities_

36,878.47

Approximate number of members 330

V. A. HOSPITAL CREDIT UNION
LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

Loans _________________ $
Cash on hand and in banks

13,039.51
1,298.85

Shares___________________ $13,856.19
Guaranty fu n d _________
209.09
Undivided p rofits_______
273.08

Total assets____________$

14,338.36

Total liabilities________$

14,338.36

Approximate number of members 144

THE FORT ROOTS CREDIT UNION
NORTH LITTLE ROCK, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ !
Bonds and securities____
Cash on hand and in banks

71,340.99
7,215.00
5,464.31

Shares ________
Guaranty fund
Undivided profits

81,760.64
1,642.48
617.18

Total assets

84,020.30

Total liabilities_________ $

84,020.30

_____ $

Approximate number o f members 480




State of Arkansas: Bank Department

148

NORTH LITTLE ROCK-MISSOURI PACIFIC CREDIT UNION
NORTH LITTLE ROCK, ARKANSAS
December 31, 1953
Liabilities

Assets
L o a n s _________________ 1
Bonds and securities___
Cash on hand and in banks
Other assets ___________

19,205.59
800.00
1,720.30
680.49

Shares _________
Guaranty fu n d _
Undivided profits
Other liabilities _

19,670.53
1,320.49
1,387.36
28.00

Total assets____________ $

22,406.38

Total liabilities_

22,406.38

Approximate number of members 336

OSCEOLA FOODS EMPLOYEES’ CREDIT UNION
OSCEOLA, ARKANSAS
Permit May 12, 1954

MISSOURI PACIFIC-PARAGOULD CREDIT UNION
PARAGOULD, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ !
Cash on hand and in banks
Other a ssets___________

13,775.50
509.58
284.43

Shares__________
Guaranty fund
Undivided profits

13,594.45
479.91
495.15

Total assets

14,569.51

Total liabilities

14,569.51

Approximate number of members 130

P.
B. M. CREDIT UNION
PINE BLUFF, ARKANSAS
December 31, 1953
Assets

Liabilities

L o a n s _________________ !
Cash on hand and in banks

1,831.98
174.77

Shares__________
Guaranty fund—
Undivided profits

1,982.75
20.00
4.00

Total assets____________ $

2,006.75

Total liabilities —

2,006.75




Approximate number of members 76

Fortieth Report

WELCH EMPLOYEES’ CREDIT UNION
SPRINGDALE, ARKANSAS
Permit March 12, 1954

CO-OP CREDIT UNION
TEXARKANA, ARKANSAS
Permit June 30, 1954

MILLER-ARKANSAS CREDIT UNION
TEXARKANA, ARKANSAS
Permit January 1, 1954

RAILWAY EMPLOYEES’ CREDIT UNION
TEXARKANA, ARKANSAS
Permit May 17, 1954




149

150

State of Arkansas: Bank Department

QUALIFIED STOCK EXCHANGES
Securities listed on the following Stock Exchanges may be qualified by
notification by an applicant company filing the name of the company, its
address, the amount of securities sought to be sold in Arkansas, and paying
the fee required by law.




American Stock Exchange
Chicago Board of Trade
Chicago Stock Exchange
New York Produce Exchange
New York Stock Exchange

Fortieth Report

151

ISSUERS REGISTERED RY QUALIFICATION IN ARKANSAS
UNDER ACT 397 OF 1947
June 30, 1954
Affiliated Fund, Inc_________________________________ New York, New York
American Business Shares, Inc._____________________New York, New York
American Financial & Developement Corp. for Israel__New York, New York
American Trusteed Funds, Inc______________________New York, New York
Arkansas Casualty Investment Corp------------------------ Little Rock, Arkansas
Atomic Developement Mutual Fund, Inc______________ Washington, D. C.
Axe-Houghton Fund A, Inc__________________________ Tarrytown, New York
Axe-Houghton Fund B, Inc_________________________ Tarrytown, New York
Bankers Insurance Co._______________________________Conway, Arkansas
Blue Ridge Mutual Fund, Inc------------------------------------ New York, New York
Bond Fund of Boston, Inc---------------------------------------- Boston, Massachusetts
Boston Fund, Inc----------------------------------------------------- Boston, Massachusetts
Broad Street Investing Corp_________________________ New York, New York
Canada General Fund, Inc__________________________ Boston, Massachusetts
Canadian Fund, Inc---------------------------------------------------New York, New York
Century Shares Trust______________________________ Boston, Massachusetts
Chemical Fund, Inc_________________________________ New York, New York
Commonwealth Investment Co______________________ San Francisco, Calif.
Commonwealth Stock Fund, Inc_____________________San Francisco, Calif.
Corporate Leaders of America, Inc---------------------------- New York, New York
Crown Western Investments, Inc_____________________Dallas, Texas
Delhi Oil Corp______________________________________ Dallas, Texas
Diversified Growth Stock Fund, Inc_________________Elizabeth, New Jersey
Diversified Investment Fund, Inc____________________Elizabeth, New Jersey
Dividend Shares, Inc------------------------------------------------- New York, New York
Eaton & Howard Balanced Fund, Inc________________ Boston, Massachusetts
Eaton & Howard Stock Fund________________________Boston, Massachusetts
Fidelity Fund, Inc__________________________________ Boston, Massachusetts
Financial Industrial Fund, Inc_______________________ Denver, Colorado
Founders Mutual Depositor Corp_____________________ Denver, Colorado
Fundamental Investors, Inc_________________________ Elizabeth, New Jersey
Gas Industries Fund, Inc____________________________ Boston, Massachusetts
Group Securities, Inc_______________________________ Jersey City, N. J.
Guaranty Loan & Real Estate Co_____________________West Memphis, Ark.
Hamilton Fund, Inc_________________________________ Denver, Colorado
Incorporated Investors______________________________ Boston, Massachusetts
Industrial Development Co. of Little Rock____________ Little Rock, Arkansas
Institutional Income Fund, Inc_______________________ New York, New York
Institutional Shares, Ltd___________________________ New York, New York
Investment Trust of Boston________________________ Boston, Massachusetts
Investors Mutual, Inc_______________________________ Minneapolis, Minn.
Investors Selective Fund___________________________ Minneapolis, Minn.
Investors Stock Fund-----------------------------------------------Minneapolis, Minn.
Investors Syndicate of America, Inc------------------------- Minneapolis, Minn.
Keystone Custodian, Inc____________________________ Boston, Massachusetts
Harry & Emily Lasker______________________________ Little Rock, Arkansas
Latin-American Poultry Co_________________________ Fayetteville, Arkansas,
Lawton Oil Co_____________________________________ Magnolia, Arkansas
Glenn McCarthey, Inc_____________________________ Houston, Texas
Managed Funds, Inc_______________________________ St. Louis, Missouri
Manhattan Bond Fund, In c__________________________ Elizabeth, N. J.
Massachusetts Investors Growth Stock Fund, Inc-------- Boston, Massachusetts
Massachusetts Investors Trust______________________ Boston, Massachusetts
Mi Fry Ca Mineral & Research Corporation__________Little Rock, Arkansas
Mississippi Chemical Corporation____________________ Yazoo City, Miss.
Mississippi Valley Company________________________ Jonesboro, Arkansas



152

State of Arkansas: Bank Department

E. M. Moore Enterprise, Inc_________________________ Pine Bluff, Arkansas
National Investors Corporation______________________ New York, New York
National Oil Co., Inc----------------------------------------------- Little Rock, Arkansas
National Securities & Research Corp------------------------- New York, New York
Pioneer Fund, Inc-------------------------------------------------- New York, New York
George Putnam Fund of Boston-------------------------------- Boston, Massachusetts
Rockport Oil Co___________________________________ Little Rock, Arkansas
Rose Courts, Inc------------------------------------------------------Little Rock, Arkansas
Scudder, Stevens & Clark Fund, Inc__________________ Boston, Massachusetts
Selected American Shares, Inc----------------------------------- Chicago, Illinois
Southwestern Investors, Inc_________________________Dallas, Texas
Television Electronics Fund, Inc____________________ Chicago, Illinois
Texas Fund, Inc------------------------------------------------------Houston, Texas
United Funds, Inc__________________________________ Kansas City, Missouri
Accumulative Fund____________ Continental Fund
Income Fund & Accumulative Fund_ScienceFund
Value Line Fund, Inc_______________________________ Boston, Massachusetts
Value Line Income Fund, Inc_______________________Boston, Massachusetts
Van Strum & Towne Stock Fund, Inc_________________San Francisco, Calif.
Wellington Company_______________________________ Camden, New Jersey




Fortieth Report

153

ISSUERS REGISTERED BY NOTIFICATION IN A RK AN SA S
UNDER ACT 397 OF 1947

June 30, 1954
Aluminum Company of America____________________ Pittsburg, Pa.
American Optical Company________________________ Boston, Massachusetts
Carpenter Paper Company__________________________ Omaha, Nebraska
El Paso Natural Gas Company______________________ El Paso, Texas
Fairbanks, Morse & Company______________________Chicago, Illinois
Fruehauf Trailer Company__________________________ New York, New York
General Telephone Corporation______________________New York, New York
International Bank for Reconstruction______________ Washington, D. C.
and Developement
Jewel Tea Company, Inc.____________________________ Barrington, Illinois
S. K. Kress_______________________________________ New York, New York
Merritt Chapman & Scott Corporation_____________ New York, New York
Minnesota Mining and Manufacturing Company______St. Paul, Minnesota
New England Electric System______________________Boston, Massachusetts
Ohio Oil Company________________________________ Findlay, Ohio
Penn-Dixie Cement Corporation_____________________New York, New York
Philadelphia Electric Company______________________Philadelphia, Penn.
Pittsburg Plate Glass Company____________________Pittsburg, Penn.
The L. B. Price Mercantile Company________________ Kansas City, Mo.
Scurry-Rainbow Oil Limited________________________ Cleveland, Ohio
The Texas Company________________________________ New York, New York
Twentieth Century Foods Corporation_______________ Springfield, Mo.
Westinghouse Electric Corporation_________________ Pittsburg, Penn.




154

State of Arkansas: Bank Department

DEALERS AUTHORIZED TO SELL QUALIFIED OR EXEMPT
SECURITIES IN ARKANSAS AS OF JUNE 30, 1954
American Financial & Development Corporation______New York, New York
for Israel
Walter R. Bass Company____________________________Little Rock, Arkansas
Lewis W. Cherry Company___________________________Little Rock, Arkansas
Joel H. Clark, an individual___________________________Texarkana, Arkansas
Clisbee, Thompson and Company____________________ Tulsa, Okla.
Dyke Associates, Inc_______________________________ Little Rock, Arkansas
A. G. Edwards & Sons______________________________St. Louis, Missouri
Eppler, Guerin & Turner__________________________ Texarkana, Arkansas
Equitable Securities Corporation____________________Nashville, Tennessee
Fif Management Corporation________________________ Denver, Colorado
Henry Hagelstein__________________________________ Harrison, Arkansas
Hamilton Management Corporation__________________Denver, Colorado
Hill, Crawford & Lanford, Inc______________________ Little Rock, Arkansas
Gilbert Howell Company____________________________ Little Rock, Arkansas
Investors Diversified Services, Inc.__________________Minneapolis, Minn.
E. Davis Kolb_____________________________________ Fort Smith, Arkansas
Kurt Kauffmann___________________________________ Hot Springs, Arkansas
McDonald, Evans & Company___________________ ___Kansas City, Missouri
Merrill Lynch, Pierce, Fenner & Beane_____________ New York, New York
King Merritt & Company, Inc.______________________ New York, New York
Raney Brothers, Inc.________________________________ Little Rock, Arkansas
T. J. Raney & Sons_______________________________ Little Rock, Arkansas
Renyx, Field & Company, Inc______________________ New York, New York
Salomon Brothers & Hutzler________________________ New York, New York
Scudder Fund Distributors, Inc______________________ Boston, Massachusetts
Securities Management Corporation_______________ Dallas, Texas
Slayton and Co., Inc--------------------------------------------------- St. Louis, Missouri
Southern Securities Corporation____________________Little Rock, Arkansas
Stephens Bros., Investments________________________ Little Rock, Arkansas
W. R. Stephens, Investments________________________ Little Rock, Arkansas
Dabbs Sullivan Company____________________________ Little Rock, Arkansas
E. L. Villareal & Company_________________________Little Rock, Arkansas
Waddell & Reed, Inc________________________________ Kansas City, Missouri
Walton & Company, Inc_____________________________Little Rock, Arkansas
J. 0. (Blue) Whitaker_____________________________ Fort Smith, Arkansas
Womeldorff & Lindsey______________________________ Little Rock, Arkansas