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ANNUAL REPORT
Building and Loan Associations
State of California
by <th«
BUILDING AND LOAN COMMISSIONER
In accordance with an Act of the Legislature, approved April 5, 1911
to
His Excellency HIRAM W. JOHNSON, Governor of the State of California
August 12, 1916
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Califobnia
S tate P binting Office
S acbamento
25127
REPORT
OB’ THE
BUREAU OF BUILDING AND LOAN SUPERVISION.
O f f ic e o f t h e B u il d in g a n d L o a n C o m m issio n e r ,
S a n F r a n c isc o ,
August 12, 1916.
To His Excellency, H iram W . J o h n s o n ,
Governor of California,
S i r : In compliance with the requirements of section 5 of the Building
and Loan Commission Act, I have the honor to submit this the Twentythird Annual Report of this department, covering the operations of
the building and loan associations of California for the sixty-seventh
fiscal year, ended June 30, 1916.
During this period one new association has been organized and
licensed, and one has retired after an unsuccessful attempt to establish
itself on a satisfactory basis—thereby leaving the number on the
active roll the same as before at 90, with 89 associations in business
for more than one year, the reports of which are included in the tabula
tions herein set forth and the appendix thereafter following.
The gross assets of these 89 associations aggregate, as of the date
of their annual reports, $32,794,018.18—a gaiji of $2,352,934.15, equal
to 7.73 per cent for the year.
With one exception—furniture and fixtures—every feature of the
assets show an increase in volume. The increase in the loans has been
5.35 per cent; that of the money on hand and in bank 90.77 per cent,
or nearly double that of last year; the real estate owned shows an
increase in volume of 12.07 per cent; the arrearages 13.08 per cent, and
the advances 38.87 per cent.
A like condition appears in the classified liabilities, where all but
two of the classes, aggregating only $5,220.00, show an increase of
varying proportions.
This increase is by no means confined to any one locality, as by
reference to the tabulated ‘‘Distribution of Assets by Counties” it will
be seen that, of the 27 counties in which there are associations, all
but one county in which there are but two small associations, show a
gain in assets of very respectable proportions.
The number of members and investors now aggregate 42,250, or 3,502
in excess of the report for 1915, with an average investment to their
credit of $701.15.
The borrowers reported appear as 20,322, a gain of 2,033 with an
average loan to each of $1,488.20.
4
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
The outstanding shares of all classes show a gain of 6,971, and the
investment certificates a gain of 3,188.
The new loans made during the year for building purposes appear
as 1,743—a gain of 32 over the previous report—thus making the
aggregate of all such loans reported since 1893 appear as 46,260.
Fifty associations out of the total of 89 own 216 pieces of real
estate, a gain of 53 pieces and $96,526.17 in cost. Six of these associa
tions have acquired land and buildings at an aggregate cost of
$132,457.00 for office purposes, mainly by the investment of their
accumulated reserve or guarantee capital. The portions not needed for
their own use are rented out at fairly remunerative rates of income.
The other 210 pieces owned have mostly been acquired as the result of
the failure of borrowers to live up to the terms and requirements of
their contracts; a result that it is practically impossible to avoid, even
under the most favorable conditions of business, still if reasonable care
is exercised in the appraisement of property offered as security for
loans, coupled with a close investigation of the moral hazard attaching
to the applicants, the necessity for taking action against the security
pledged might be reduced to a mere nominal figure. Real estate
acquired under such conditions more often becomes an element of
loss rather than of profit, as the income, in excess of expenses and
taxes, seldom approximates the net income on the average loans.
Ordinarily, the sooner it is disposed of the better the condition of the
association that has been forced to acquire i t ; and especially is this the
case if the lots be vacant or the buildings thereon be old and out of
date. Modern improvements are the only kind now acceptable to the
public, hence those now out of date must usually be disposed of at a
loss, and the sooner that loss is known the better.
The arrearages amounting to $188,623.70 are very largely for interest
due and unpaid on loans and contracts. In some cases these are
altogether too great, and are intimately connected with the necessity of
taking action against security pledged for loans. The steady accumu
lation of this delinquency may sometimes be due to inferior collection
qualifications on the part of the executive officers, as those that are
known to be the best collectors show the fewest delinquencies.
The volume of cash on hand and in bank is excessive and unrea
sonable in a business where all funds are presumed to be kept at work
earning something; complaints have been universal from all parts of
the state of an undue accumulation of money that it was impossible
to loan in the usual manner on acceptable security. Most associa
tions hesitate to invest in bonds, because of the low rate of income, or
to loan on flat mortgages for any extended period. Late advices indi
cate an improved demand for acceptable loans, in some localities.
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
5
The reserve and undivided profits aggregate $1,380,544.12, equal
to 4.56 per cent of the loans in force, a gain of $96,697.62 since last
report. The law requires the reserve to be accumulated from 5 per cent
of the net profits until it shall equal 5 per cent of the loans in force,
as an insurance against loss to the members and investors. As the
law now stands it applies to all associations, but where an association
has a paid in guarantee capital no necessity exists for the accumula
tion of a reserve in this manner, as the guarantee capital and its sur
plus are presumed to assume all responsibility for losses incurred.
LOANING RATE AND INTEREST COLLECTED.
The 89 associations reporting represent 16 different loaning rates,
varying from 7 to 12 per cent per annum.
Twenty-one associations loan at 7 per cent and three varying frac
tions.
Thirty-five associations loan at 8 per cent and two varying fractions.
Fourteen associations loan at 9 per cent and two varying fractions.
Sixteen associations loan at 10 per cent and two varying fractions.
Three associations loan at 11 per cent and not exceeding 12 per cent.
The average of these varying rates is 8.53 per eent, but this average
can only be accurately realized unless the volume of loans of each and
every association is practically of the same amount. If the volume of
the loans of associations loaning at the higher rates greatly exceeds
the volume of those of the lower rates, then the average realization
will exceed the above named average; and vice versa if the volume of
the lower rates greatly exceeds that of the higher, then the average
realization will be less than the mean average of rates.
The realization seldom or never equals the loaning rate, for the
reason that there is always more or less delinquency which usually
results in loss, especially in the event of foreclosure.
The interest, including premium (which is simply another name for
interest), reported as collected during the past year, amounts to
$2,529,075.56, or the equivalent of 8.572 per cent of the apparent aver
age of loans in force for the entire year. This rate is a little in excess
of the mean average of all rates noted above, thus demonstrating that
the larger volume of the loans bear the higher loaning rates.
Elsewhere the gross apparent income is calculated at 8.865 per
cent, the difference of 0.292 per cent accruing from delinquent inter
est and other sources of income that enter into the profit and loss
account, and which have been included therein in the preparation of
the several annual reports to this office.
6
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
STATUS OF ASSOCIATIONS.
Active roll June 30, 1015____________________________________
New associations—
State Rural Credit Association, San Francisco____________
90
1
91
Retired—
California Prudential Society, Oakland-
1
Total active roll, June 30, 1916______
90
In liquidation—
Fairmount Loan, San Francisco.
Mission Home, San Francisco.
Pacific Coast Savings, San Francisco.
Continental. San Francisco.
State of California, San Diego,
Orange County Mutual, Santa Ana.
Total in liquidation _____________
0
Total r o ll_____________________
96
Sum m ary,
Active, reporting_________________________________________________________
Active, not reporting (n ew )------------------------------------------------------------------------Liquidating -----------------------------------------------------------------------------------------------
SO
1
6
Total ------------------------------------------------------------------------------------------------
96
The ehanges in assets, as well as in the total roll and number report
ing since 1905, are as follows:
Year
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
__________ ___________________
........................... .................................
.........................- ............ - ..................
........ .............- ...........- ____ _______
____________ ______ ______ ____
................... - .......................................
............ .................. .................... .........
_____________ ________________
_____________________ ______ ............ ................ - .................... .........
.................................. - ......................
Total
roll
131
125
120
120
113
105
107
98
97
97
96
Number 1
reporting 1
Assets
106
$19,228,938 88
107 1 19,522,896 86
107 , 19,635,657 94
105 , 20,228,116 40
107
21,255,176 49
23,340,012 38
96
91
24,866,571 97
93
28,316,(SI 97
92
29,515,762 57
89
30,441,084 03
89
32,794,018 18
Foreign Associations (not included in tabulations) :
Western Loan and Building Company, Salt Lake City, Utah.
appendix.) California business aggregates $124,721.16 net.
Increase
$293,957
112,761
592,458
1,027,060
2,084,835
1,526,559
3,449,450
1,199,740
925,321
2,352,934
98
08
46
09
89
59
00
60
46
15
(See last page of
7
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
A S S E T S A N D L IA B IL I T I E S .
Assets.
$30,243,821 26
188,6® 70
1,385,654 18
812,779
27,524
130,311
5,802
8 188888888888888 8 188S&
Loans on mortgages and stock------------------------------------Arrearages ---------------------------------------------------------------Cash in office and bank----------------------------------------------Real estate ow n ed ----------------------------------------------------Furniture and fixtures-------------------------------------- ---------Advances—personal accounts--------------------------------------Other a s s e t s ---------- ------------------------------------ ---------------
$32,794,018
Liabilities.
Guarantee stock—capital-------------------------------Guarantee stock—su rp lu s-----------------------------Installment shares—d u e s -----------------------------Installment shares—profits __________________
Paid-up and prepaid shares—capital-------------Paid-up and prepaid shares— dividends----------Investment certificates—principal____________
Investment certificates—d ivid en d s----------------Advance paym ents---------------------------------------Overdrafts and bills p a y a b le------------------------Reserve and undivided profits------------------------Loans due and incom plete---------------------------Sundry ledger accounts___________________ _—
All other liabilities----------------------------------------
$815,439
139,006
10,520,598
3,182,628
4,618,189
.J
337,487
9,779,938
239,035
56,650
969,022
1,380,544
601,217
111,415
42,842
$32,794,018
R E C E IP T S A N D D IS B U R S E M E N T S .
Receipts.
$726,327
54,585
3,680,206
1,446,481
3,090,239
2,466,968
62,107
24,953
15,415
8,270,486
1,050,709
291,069
983,366
;88&c38385888£g:8 2 15888888838388
Balance from last report-------------------------------------------------Guarantee sto c k ------------------------------------------------------------Installment shares—d u e s ------------------------------------------------Paid-up and prepaid shares—dues--------------------------------------Investment certificates---------------------------------------------------Interest ------------------------------------------------------------------------Premiums ---------------------------------------------------------------------F in e s -----------------------------------------------------------------------------Fees -----------------------------------------------------------------------------Loans repaid ___________________________________________
Overdrafts and bills payable______________________________
Advances repaid—personal acco u n ts--------------------------------All other receipts________________________________________
$22,162,015
Disbursements.
Overdrafts and bills p a y a b le---------------------------Loans on mortgages and shares--------------------------Interest paid _____________ *--------------------------Dividends on guarantee stock-----------------------------Dues repaid—installment shares-----------------------Profits repaid—installment sh a r e s-------------------Paid-up and prepaid shares—capital------------------Paid-up and prepaid shares—dividends---------------Investment certificates—p rin cip al______________
Investment certificates—divid en d s-------------------Advances—Personal accounts -------------------------Salaries --------------------------------------------------------Taxes -----------------------------------------------------------Other exp en ses----------------------------------------------All other disbursements_______________________
Balance— Cash in office and bank----------------------
$1,121,944
9,756,208
93,076
84,490
3,192,166
795,769
814,238
272,757
2,453,959
531,418
184,551
212,074
60,441
163,073
1,045,295 18
1,380,550 18
$22,162,015 61
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
8
C H A N G E S IN A S S E T S A N D L IA B IL I T I E S .
Assets.
Increase
L oans on m ortgages and sto c k .......................................... $1,536,149 46 I
A rrearages ...............................................................................
21,821 07
Cash In office and b a n k ............................................... .........
659,326 82
Real e sta te owned..................................................................
96,526 17 j
Furniture and fixtu res...... ........... .......................................... ..................... j
36,476 47 |
A dvances—ledger accounts ....................... ............. ........
Other a sse ts ......................-........................... ...... ...................
2,766 28 |
Net increase .............-...................... - ............... ...... ........
Decrease
$132 12
$2,352,934 15
Liabilities.
G uarantee stock —ca p ita l __________________________:
$75,689 79I
Guarantee sto ck —surplus _____________ ____________
59,041 07
In stallm en t shares—dues
_______________________
746,291 64
196,356 24 ;
In stallm en t shares—profits _____________ _____ ____
Paid-up and prepaid shares—c a p it a l..............................
33,447 97 1
Paid-up and prepaid sh ares—d ivid en d s____________
57,007 14 i
748,553 36 j
Investm ent certificates—principal .................................
Investm ent certificates—d iv id e n d s _____ ___________i—...................... ]
Advance p a y m e n t s ............. ............
___!
11,045 19j
O verdrafts and b ills p ayab le______________ ________
74,242 47 j
—:
96,697 62j
Reserve and undivided p r o fits ....................
L oans due and in com p lete................. —........ ................... i
259,115 66 !
676 35 !
Sundry ledger accou n ts...................................... ........ ........
A ll other lia b ilitie s .......................................................................................... !
$2,392 81
2,837 54
$2,352,934 15
D IS T R IB U T IO N O F A S S E T S B Y C O U N T IE S .
Counties
Alam eda ________
Fresno __________
H um boldt ______
Kern ................ ......
L os A ngeles ____
Madera ..................
Marin ......................
Mereed ...................
Napa ___________
Orange ....................
Placer .....................
R iverside ...............
Sacram ento ..........
San Bernardino
San D iego .............
San F r a n c is c o __
San L uis O bispo.
San Joaquin ........
San M ateo ...........
S anta B arbara —
San ta C lara ..........
San ta Cruz ...........
Solano ............. ......
Sonom a ..................
T ulare __________
V entura ..................
Y olo .........................
Number 1
| Associations i reporting
7
1
1
2
12
1
3
1
1
3
1
2
1
4
3
21
2
3
2
2
7
1
2
2
3
1
1
90
1
Assets
Increase
7
1
1
2
12
1
3
1
1
3
1
2
1
4
3
20
2
3
2
2
7
1
2
2
3
1
1
| $1,184,750 89 f $157,696 22 j
1
183,248 40 !
34,244 96 1
31,420 37 ,
1,033 48 i
,
506,002 40
59,026 07
! 14,163,152 75 I 1,096,149 89
>
25,139 71 =
8,672 19
6,292 29
276,320 98 •
I
141,804 61
12,249 96 !
|
229,152 45
15,410 44 i
75,404 03
1,203,900 17
52,768 99
4,394 02
186,416 58
8,843 15 !
i
402,286 29
59,611 24 !
2,454,059 32
IS),765 36 i
607,148 63
10,154 69 |
105,710 43 j
i 4,082,713 11
184,917 10
10,499 71 ,
1,803,908 21
145,753 58 J
516,571 12
14,018 96 !
115,266 98 1
988,674 59
2,287,755 35
156,400 49
3,465 82
41,175 21
!
56,120 80
193,224 32
21,392 13 1
16,039 33 ,
475,140 32
1
483,513 74
47,292 77 1
1,136 89
j
32,733 74
89
| $32,794,018 18
$2,366,925 08
Decrease
$13,990 93
$13,990 93
9
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
S T A T I S T I C A L IN F O R M A T IO N .
Number of members: Male ------------------------------------------ 11,591
Female __________________________ 10,709
--------Number of investors: Male ___________________________ 9,987
Female --------------------------------------- 4,013
--------Total members and investors,_________________
Average investment, including accumulated earnings
Number of borrowers------------------------------------------Average amount of loans to each borrower_________
Number of new mortgage loans for year-------------------------Number of new share loans for year____________________
28,300
13,950
42,250
$701.15
20,322
$1,488.20
5,139
1,103
6,242
1,743
46,260
32.22 %
27.33 %
8.53 %
8.573%
8.865%
357,443
' 71,618
64,801
364,260
89,417
25,123
20,236
94,304
50
216
Number of building loans for year______________________
Total number of building loans to date--------------------------Percentage of new loans to loans in force________________
Percentage of loans repaid______________________________
Mean average of interest rates in force___________________
Average of collections reported---------------------------------------Apparent gross income to average loans in force---------------Shares in force last report---------------------------------------------Shares issued since last report---------------------------------------Shares canceled since last report_________________________
Shares in force this report---------------------------------------------Investment certificates in force last report--------------------Investment certificates issued since last report____________
Investment certificates canceled since last report--------------Investment certificates in force this report-----------------------Number of associations owning real estate-----------------------Number of pieces of real estate owned----------------------------Number of associations owning own office buildings----------Book value of real estate owned----------- 1------------------------Reserve and undivided profits___________________________
Guarantee capital and surplus----------------------------------------Aggregate surplus for protection of members and investors.
6
$812,779.76
1,380,544.12
954,446.58
2,334,990.70
Net Profits.
Net profits reported for year__________________________________ $2,180,757.68
Percentage to average loans in force----------------------------------------7.392%
Average for past ten years----------------------------------------------------6.902%
Percentage to average investment--------------------------------------------7.633%
Average for past ten years____________________________________
7.455%
S A L A R IE S , T A X E S A N D O T H E R E X P E N S E S .
Amount
S alaries for vear
Taxes paid
O ther e.xnenses mi id
T o ta ls
Average percentage for p a st ten y ea rs_____________
Percentage to
loans In force
$212,074 11
60,441 00
163,073 62
0.719
0.205
0.549
$435,588 73
1.473
2.376
10
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
O P E R A T IN G E X P E N S E S .
Taxes being an element over which the management of the several
associations has no control, it follows that the real operating expenses
must of necessity be confined to the salaries and other expenses, which
as above shown, bear the following percentages to the average loans in
force for the year:
Per cent.
For salaries ----------------------------------------------------------------------------- 0.719
For other expenses--------------------------------------------------------------------- 0.549
Total —______________________________________________________
The average for the past ten years is---------------------------------------------
1.268
1.590
O P E R A T IN G E X P E N S E S T O D U E S C A P IT A L .
Applying the above operating expenses to the actual average of dues
capital paid in on all classes of shares and investment certificates, exclu
sive of profits apportioned thereto, the percentages appear as follows:
Per cent.
For sa la ries------------------------------------------------------------------------------- 0.853
For other expenses--------------------------------------------------------------------- 0.655
T o ta l________________________________________________________
1.508
or practically only about 60 per cent of the legal limitation fixed by the
laws of several of the other states.
The above percentage for 1915 was 1.471.
G R O SS IN C O M E A N D P E R C E N T A G E O F E X P E N S E S T O IN C O M E .
Based on the average of “ loans in force” the percentage of the gross
income of all the associations can be very closely approximated as
follows:
Per cent.
Net profitsreported as above-.. _____
7.392
Taxes p a id -------------------------------------------------------------------------------- 0.205
Operating exp en ses-------------------------------------------------------------------- 1.268
Apparent gross in com e_______________________________________ 8.865
Ratio of operating expenses to gross income---------------------------------- 14,371
The apparent gross income for the past ten years has been--------------- 9.279
And the ratio of operating expenses to income---------------------------------17.086
G RO SS IN C O M E A N D P E R C E N T A G E O F E X P E N S E S T O D U E S C A P IT A L .
Based on the average of ‘‘dues capital ’’ in force for the year in all
classes of shares and investment certificates, exclusive of profits or
dividends credited thereto, the apparent gross income is approximately
as follows:
Per cent.
Percentage of net profits------------------------------------------------ -----------Percentage of taxes paid________________________________________
Percentage of operating expenses—^---------------------------------------------
8.765
0.243
1.508
Apparent gross in com e________________________________________10.516
Ratio of operating expenses---------------------------------------------------------- 14.340
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
11
A S S O C IA T IO N S H A V IN G A P A ID -IN G U A R A N T E E C A P IT A L .
Associations
Location
C entral _______________
B erkeley ...........................
C orona M u tu a l..............
A lto s ...... .................... ......
B ankers .............. .............
S ta te M utual ________
Southern C alifornia
Orange _______________
P alo A lto M utual_____
C alifornia S e c u r it y ___
M utual _______________
P asadena .........................
Home B u ild e r s _______
Home In v e s tm e n t..........
C alifornia H o m e ...........
Home M u tu a l........... ......
S an ta Cruz C ounty____
S e c u r it y ______________
Y allejo ........... ........ ..........
Northern C alifornia
T o ta l
T o ta l
T o ta l
T o ta l
Assets
A lam eda ______ $238,308
Berkeley ______
34,841
C o r o n a ...... ..........
36,097
L os A l t o s _____
18,913
28,452
L os A n g e le s ___
L os A n g e le s __ 4,059,837
L os A n g e le s ___ 823,466
Orange ................ 507,476
519,221
P a lo A l t o ...........
P asadena ...........
431,360
P asad en a _____
387,547
P asadena _____
144,711
Pom ona ............... 476,703
577,930
Redlands ______
San F rancisco — 644,520
251,904
San F ran cisco
S an ta Cruz ____
41,175
S tock ton ______
112,284
V allejo ________
2,600
W oodland ...........
32,733
Capital
and
surplus
$21,975
16,935
5,305
16,750
14,149
259,590
51,593
32,000
31,420
40,000
27,250
9,260
108,500
120,000
43,958
27,840
23,305
28,116
2,499
13,497
Btfidend
apportioned to
guarantee
capital
Bate of
dividend
to
Installment
shares
6
6
8
7
$1,376
483
715
1,131
___ ____
58,441
6,250
3,250
2,531
1,250
2,585
1,280
10,000
15,000
3,750
4,015
868
2,166
Gain In assets, 1915-1916.......................... ....................................
9 %
7 %
8Wo
7 %
6 %
8 %
6 %
10 %
8 %
8 %
7 %
7 %
6 %
6 %
6 %
—
ca p ita l and surplus, 20 a sso c ia tio n s....................
ca p ita l and surplus in 1915—...............................
a ssets, 20 a sso c ia tio n s.......................................
assets, 20 a sso c ia tio n s in 1915.........................
%
%
%
%
$893,942
819,715
9,370,078
8,657,538
00
00
00
00
$712,540 00
A S S O C IA T IO N S IN L IQ U ID A T IO N .
In the matter of the “ Fairmount” and “ Mission Home” of San
Francisco, as soon as it is possible to dispose of three or four small pieces
of real estate the final liquidation distribution will be made and the
affairs closed.
As to the “ Pacific Coast Savings” the trustees report that there are
a few odds and ends to adjust in order to complete the final closing of
its business.
The final account of the receiver for the “ Protective” of Los Angeles
has been approved by the court and the receivership discharged.
In the matter of the “ State of California” of San Diego the inability
to dispose of the real estate holdings to advantage has delayed further
progress in realization, hence matters there remain as at date of last
report.
As to the “ Orange County Mutual” of Santa Ana collection of the
visible assets has been completed but the business can not be finally
closed until the liability of the directors is determined and accepted by
the members.
The affairs of the “ Continental,” in bankruptcy, were still pending
before the United States Referee in Bankruptcy at the close of the
fiscal year, no trustee having been selected to proceed with liquidation.
12
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
From an examination of the foregoing schedule of “ Distribution of
Assets by Counties” it will be observed that less than one-half the
counties in the state have associations formed and operating within
their borders. This is a matter of sincere regret, as there are unques
tionably many localities in the other counties where small associations
could be formed and operated with profit to members and investors and
with material benefit in the upbuilding of the communities. This has
been satisfactorily demonstrated in several of the smaller towns and cities
where such have been formed and operated for several years. While
this office looks with disfavor upon the formation of associations by
professional promoters, it would gladly lend its assistance, within
reasonable limits, to public spirited local citizens desiring to benefit
their localities by the formation of local associations.
A R E S E R V E F U N D A N E C E S S IT Y .
California, in common with practically every other state, requires
that a “ Reserve Fund” be accumulated for the protection of persistent
members and investors, yet there are those who question the utility of
such a law and plead for its repeal. The necessity for such a fund is
obvious to those having to do with state supervision for any extended
period. It matters not how careful and conscientious a board of direc
tors may be in the making of loans, the time is sure to come when it will
be necessary to take over real estate pledged as security for loans, and
when that time does come, if there is no accumulated reserve for the
protection of the shareholders, members and investors against the
possibile and very probable loss that usually occurs, a reduction in
the ordinary dividend very naturally follows, coupled with dissatisfac
tion and consequent withdrawals. Losses are also likely and liable to
occur from other and unexpected sources productive of like results, even
of a magnitude that may threaten the very existence of an association.
The law and the decisions of the higher courts require that associations
must have available and collectible assets wherewith to repay in full the
contributions of their members and investors if they would continue
in active business. In fact, they must be in condition to meet this
requirement, even as the result of a forced liquidation, wherein there
is invariably a depreciation in asset realization. A building and loan
association on the mutual plan is like unto a mutual partnership, but
with this difference—a member or investor may withdraw his invest
ment almost at will, and it is to be repaid to him in actual money by
the remaining members. It is quite true that he usually forfeits a
portion of his accumulated earnings, but this forfeiture is no part of
the earnings of the investment of the remaining members to be dis
tributed to them in the shape of dividends as has been the usual prac
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
13
tice in the past. It was forfeited as an insurance fund to protect them
against future loss that might arise from business then on the books
and properly belongs in a reserve fund created for that purpose. If it
is erroneously included in the earnings of an association, then an
equivalent, at the very least, should be taken therefrom at the closing
of the books for the annual term, for the creation and accumulation of
such insurance reserve, for the business on the books at the time of the
withdrawal is then by no means closed out and may not be for years.
Were the resulting forfeitures of this nature transferred to an insur
ance reserve fund from the very inception of an association, such fund
would very probably exceed in volume the requirements of the existing
laws, and still each and every persistent member would get as dividends
all that his investment had actually earned, less the proper pro rata of
expenses and taxes. In fact, he would receive more, for this insurance
reserve would be loaned out and earning interest for his benefit. A
reserve is an insurance fund for the protection of a member against
possible loss and reduction of annual dividends; in fact it is an equalizer
of dividends for the future. That the law might justly provide for
the distribution of a pro rata of the excess over the five per cent of
the loans in force, now required to be eventually accumulated, if any
such exist at the time of maturity, there may be scarcely a question; but
that the insurance reserve should be encroached upon, except for the
payment of losses, prior to final liquidation, should be looked upon, in
the light of past experience, as an extra hazardous proceeding.
C O N C L U S IO N .
The appendix to this report, when published, will contain the usual
condensed reports of the several associations as made to this office at the
close of their several fiscal years, showing the book and withdrawal
values at annual periods, of the shares of serial associations, and the
dues, dividend rate, book and withdrawal values of the permanent or
“ Dayton” plan associations, all arranged alphabetically both as to loca
tion and name of association, closing with the last report of foreign
associations. It will also contain a detailed statement of the receipts of
this department, as required by law, and the names and addresses of
the several secretaries, arranged alphabetically by cities and towns.
Respectfully submitted.
GEO. S. WALKER,
Commissioner.
Attest:
J. L. FIELDS, Secretary.
14
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
STATEMENT OF RECEIPTS ON ACCOUNT OF LICENSES AND
ASSESSMENTS FOR EXPENSES.
Fiscal Year Endina June 30, 1916.
Associations
Location
Amount
$52 55
C entral L oan A sso c ia tio n ............................................... Alam eda ...... ........
Colum bian Mutual B uilding and L oan A sso cia tio n Alam eda _______
88 84
S avin gs L oan and B u ild in g A sso c ia tio n ____ _____ Anaheim _______
32 78
Kern C ounty Mutual B u ild in gs and L oan A sso
cia tio n
------------------------------------------ ------ --------- Bakersfield _____
85 14
43 57
P eople’s M utual B uilding and L oan A sso c ia tio n .. Bakersfield _____
Benieia B uilding and L oan A sso c ia tio n ............. ...... B e n ic ia ..................
16 85
Berkeley Home In vestm ent A sso c ia tio n .................... B erkeley _______
11 42
C orona Mutual B uilding and L oan Association.™ C orona ..................
10 37
E scondido M utual B uilding and L oan A sso cia tio n Escondido ...........
10 00
F ortuna B uilding and L oan A sso c ia tio n _________ F o r t u n a ................
10 00
Mutual B uilding and L oan A sso c ia tio n ................. . Fresno ........... .......
41 53
L iverm ore Mutual B u ild in g and L oan A sso cia tio n Liverm ore _____
10 00
Mutual B uilding and L oan A sso c ia tio n ................... L ong Beach ____
45 13
A lto s B uilding and L oan A sso c ia tio n ___________ L os A l t o s ______
10 00
Home Investm ent B u ild in g and L oan A sso cia tio n L os A n g e le s ____
1111
M etropolitan Loan A sso c ia tio n ...... ............................. L os A n g e le s ____
73 37
Southern C alifornia L oan A sso c ia tio n .................. . . L os A n g e le s ____
214 83
F id elity Savings and L oan A sso c ia tio n .................... L os A n g e le s ____ 1,731 14
S ta te M utual B uilding and L oan A sso c ia tio n ------ L os A n g e le s ____ 1,085 06
Bankers Guaranty-Loan C om pany________ ______ L os A n g e le s ____
10 18
L os G atos B uilding and L oan A sso c ia tio n ........... __ L os G a t o s _____
10 00
Madera M utual B uilding and L oan A ss o c ia tio n ... M a d e r a _________
10 00
Merced M utual B uilding and L oan A sso c ia tio n ___ Merced _________
37 50
T am alpais Mutual B uilding and L oan A sso cia tio n Mill V a l l e y ..........
17 50
Napa B uilding and L oan A sso c ia tio n ....................... Napa .............. ......
61 88
N ew castle B uilding and L oan A sso c ia tio n ............. N e w c a s tle ______
14 00
Alameda C ounty L oan A sso c ia tio n ________ ____
130 15
Oakland _______
C osm opolitan Mutual B uilding and L oan A sso
42 45
cia tio n ............................ ................................ .......... ........ Oakland _______
P eople’s M utual B uilding and L oan A sso c ia tio n .. O ntario ...... ..........
134 82
Orange B uilding and L oan A sso c ia tio n __________ Orange _________
144 96
P alo A lto M utual B uilding and L oan A sso cia tio n J P a lo A lto _____
146 90
P asadena B uilding and L oan A sso c ia tio n ________ I P asadena ______
36 16
M utual B uilding and L oan A sso c ia tio n ________
108 95
P asad en a .............
C alifornia Security L oan C o rp oration .....................: P asad en a ______
122 41
P a so R obles Mutual B uilding and L oan A sso c ia -'
11 72
tio n ........................................................... .............. - ........ i P aso R o b le s ........
14 03
P etalum a M utual Loan A sso c ia tio n ______ ____
P etalu m a ______
P lea sa n to n M utual B u ild in g and L oan A ssocia -1
10 00
tio n --------■P lea sa n to n _____
194 10
M utual B uilding and L o a n A s s o c ia tio n ...................! P o m o n a ________
j P o m o n a ...... ..........
117 46
Home B uilders Loan A sso c ia tio n ___________
P o rterv ille M utual B u ild in g and L oan A ssocia -1
24 72
tio n ...... ..........— •— ........-....................................... '— ] P o r te r v ille _____
San M ateo C ounty B u ild in g and L oan Associa-1
105 20
tio n .......................................
1 Redwood C ity . . .
149 78
Home Investm ent A sso c ia tio n -------- -------------------- i R e d la n d s_______
R iverside C ounty M utual B uilding and L oan As- j
43 56
so e ia tio n ................ ...........- .............................................! R iverside ______
99 35
Sacram ento B uilding and Loan A s s o c ia tio n ..........! Sacram ento ____
292 50
S an ta Fe B uilding and L oan A sso c ia tio n ------------- ! San B ernardino .
89 15
San D iego B uilding and L oan A sso c ia tio n ............. San D iego ........—
77 26
Silver Gate B uilding and L oan A sso c ia tio n ........... San D iego _____
14 68
A rgonaut Mutual B uilding and L oan A sso c ia tio n . San F rancisco
19 19
B ay C ity B uilding and L oan A sso c ia tio n ________ j San F ran cisco __i
10 00
B ay View B uilding and L oan A sso c ia tio n .................j San F ran cisco _.
182 92
C alifornia Home Building-L oan C orp oration _____ ! San F ran cisco __
C alifornia M utual S a v in g s Fund L oan and B u ild -!
15 14
ing A sso cia tio n .............................................................. San F ran cisco . .
153 27
C itizens B uilding and L oan A sso c ia tio n _________ San F ran cisco . .
16 73
San
F
ran
cisco
__
Empire B uilding and L oan A sso c ia tio n __________ |
11 24
Eureka B uilding and L oan A sso c ia tio n .....................i San F ran cisco __
15
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
S tatement
op
R eceipts, E tc.— Continued.
Associations
Location
F id elity B uilding and L oan A sso c ia tio n .............__
F ranklin M utual B u ild in g and L oan A sso c ia tio n .
Globe M utual B uilding and L oan A sso c ia tio n ____
Home M utual D ep osit L oan A sso c ia tio n -------------M echanics B uilding and L oan A sso c ia tio n _______
O ccidental L oan A sso c ia tio n ____________________
Pacific L oan A sso c ia tio n .................... ........................—
Pacific S ta tes Savings and Loan Company______
P rogress M utual L oan A sso c ia tio n ______________
P rovid en t Mutual L oan A sso c ia tio n ____________
Union L oan A sso cia tio n ...... ......................... ........ ........
W estern L oan A sso c ia tio n ---------------------------------M utual B uilding and L oan A sso c ia tio n of San
J o se and C ollege P ark...... .................. .......................
Nucleus B uilding and L oan A sso c ia tio n __________
San J o se B uilding and L oan A sso c ia tio n ..............
San L uis B uilding and L o a n A sso c ia tio n ........... . . .
San M ateo M utual B uilding and L oan A sso cia tio n
Marin C ounty M utual B u ild in g and L oan A ssocia-
Amount
San
San
San
San
San
San
San
San
San
San
San
San
F ran cisco
F ran cisco
F ran cisco
F ran cisco
F rancisco
F rancisco
F ran cisco
F ran cisco
F ran cisco
F rancisco
F ran cisco
F ran cisco
...
50
10
21
San
San
San
San
San
J o se ...............
J o s e ...... ........
J o se ...............
Luis O bispo.
M a t e o ...........
203
69
99
41
37
San Rafael _____
Home M utual B uilding and L oan A sso c ia tio n ........ S an ta Ana _____
L oan and B uilding A sso c ia tio n .................................... S an ta B a r b a r a . .
S an ta B arbara M utual B u ild in g and L oan AssoS an ta B arbara
San ta C lara B uilding and L oan A sso c ia tio n ......... S a n ta C lara ____
S an ta Cruz C ounty B u ild in g and L oan A ssoeiaS a n ta Cruz _____
S an ta P au la B uilding and L oan A sso c ia tio n ____ S a n ta P a u l a ........
S an ta R osa B uilding and L oan A sso c ia tio n ______ S an ta R osa ..........
S a u sa lito Mutual L oan A sso c ia tio n -------------------- S a u sa lito .............
San Joaquin V alley B u ild in g and L oan A ssoeiaS t o c k t o n ...............
Seeurity B uilding and L oan A sso c ia tio n _________ S t o c k t o n ...... ........
S tock ton Land, L oan and B uilding A sso c ia tio n .. S to ck to n _______
T ulare B uilding and L oan A sso c ia tio n ___________ T ulare _________
M agnolia M utual B u ild in g and L oan A sso c ia tio n . U p la n d ...... ...........
V allejo B uilding and Loan A sso c ia tio n ........... ........ V allejo ..................
V isa lia B uilding and L oan A sso c ia tio n __________ V isa lia .................. .
Northern C alifornia B u ild in g and L oan A ssoeiaW o o d la n d ______ i
W estern L oan and B u ild in g C om pany___________ S a lt Lake C ity ...!
48
147
98
One new license issued during the year__
—!
_.!
$47
60
_J
_.
67
24
28
13
332
_J
..
m
20
151
74
10
125
40
15
208
19
248
12
71
10
95
10 00
36 83
i $8,806 80
j
10 00
$8,816 80
D eposited w ith S ta te Treasurer:
February 1, 1916, C on troller’s R eceipt No. 1899.............................. $7,500 00
March 2, 1916, C on troller’s R eceipt No. 2174..................................... 1,116 80
June 29, 1916, C on troller’s R eceipt No. 3241................ ......... ............
200 00
$8,816 80
State
of
Califobnia,
1
City and County of San Francisco, j ’
J. L. Fields, Secretary for the Building and Loan Commissioner, being first duly
sworn, deposes and says the foregoing is a correct statement of the receipts for the
fiscal year ended June 30, 1010, and of the disposition of same.
J. L. F ields .
Subscribed and sworn to before me this 12th day of August, 1016.
Geo. S. W alkeb,
Commissioner.
16
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
SECRETARIES AND THEIR LOCAL ADDRESSES.
Location
Associ
ations
Name
Address
i
A la m e d a ...... ..........
Anaheim _______
Bakersfield ____
Bakersfield ____
B enicia _________
B erkeley _______
C orona ------- -----E scondido ______
F o r t u n a ...... ..........
F resno _________
L os A l t o s ______ !
L os A n g e le s .........
L os A n g e le s ------L os A n g e le s ------L os A n g e le s .........
L os A n g e le s ------L os G atos ...........
L ong B e a c h .........
Liverm ore .............
Madera ..................
Merced —................
Mill V a lle y ...........
Napa .....................
N ew castle ______
Oakland ________
O a k la n d ________
O a k la n d .................
O ntario -----------Orange -------------P alo A l t o .............
P asadena .............
P asadena ---------P asadena ---------P aso R o b le s -----P etalum a ______
P leasan ton ------Pom ona -----------Pom ona ________
P o r t e r v ille -------R e d la n d s ...... ........
Redwood C ity
R iverside ...............
Sacram ento ____
San Bernardino „
San D ie g o ______
San D ie g o ______
San F rancisco . . .
San Francisco
San F r a n c is c o __
San F rancisco . . .
San F rancisco . . .
San F r a n c is c o __
San F r a n c is c o __
San F r a n c is c o __
San F rancisco . . .
San F r a n c is c o __
San F rancisco . . .
San J o s e ________
San J o s e ................
San J o s e ________
San L uis O bispo.
San M a t e o _____
San R a f a e l_____
S an ta Ana ...........
S an ta B arbara . .
L. A. R hodes____ I
Fred A. Backs, Jr. t
E. W. Spiers........... !
Arthur S. C r ite s.J
H. K. W h ite ..........
F. H. C lark..............:
John P. Key_____ ;
F. G. B a ld r id g e ...
C. A. Friedenbach
Wick W. P a rso n s.
C. E. Miner.............
W. A. B onynge___
J u liu s H. M artin.
Isa a c N o r t o n ........
O. J. Wade.............
G. H. W a d le ig h ...
E. G. A ngell.........
W. S. S teven s..........
O. F. W ente_____
E. M. M eC ardle...
J. H. S im o n so n ...
P au l H e lm o r e ___
John N. M ount—
John W allace ___
W. S. G ould...........
C. P. H o a g ............. i
R. R. Reed...............i
J. O. H enderson..;
U. D. R hodes.........
Edward Jesu ru n .J
E. D. H ill................. ,
A. J. M orris..........
F. E. W arriner___
F. G. W etzel_____
F. A. C rom w ell...!
T. H. Silver_____
W. D. F red erick ...
C. E. Greaser____j
C. O. Prem o_____ i
J. Warren Sm ith—!
H. W. Schaberg—
M. 8. Bowm an____
Frank H ickm an__
John F la g g _____
J. R. B eard sley__
H. A. C roghan___
John S. Adler........
Theo. Bausem er _.
Wm. E. B o u to n ...!
B. Fedde ................. !
B. M. Gunzburger.
R. L. H andy........... !
A. R. K noll.... ........ i
W. S. P ard y_____ i
N. S te in b e r g e r __
B. M. S tich .............
Frem ont W ood . .
O. H. Joh n so n ___
Ralph E. Sanders.:
W. M. Sontheim erJ
M. Lewin ______ J
O. H. Kirkbride— !
L. A. L aneel_____ i
O. M. R obbins........'
J. T. Joh n son ____!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
5
1
3
1
2
1
2
3
1
1
1
1
1
1
1
1
1
I 2301 C entral avenue.
j Anaheim.
! Care Producers S a v in g s Bank.
; Care F ir st Bank of Kern.
i B enieia.
i 2011 S h attu ek avenue.
| F ir st N a tio n a l Bank B uilding.
I Care E scondido S a v in g s Bank.
j Fortuna.
Care P eop les S a v in g s Bank.
L os A ltos.
Care Commercial N a tio n a l Bank.
431 W est F ifth street.
604 T itle Insurance B uilding.
223 South Spring street.
601 South H ill street.
L os G atos.
Broadw ay and L ocu st streets.
Care F ir st N a tio n a l Bank.
Care Madera A b stra ct Co.
Merced.
P. O. B ox 575.
Napa.
Newcastle.
1248 E a st T welfth street.
563 S ixteen th street.
88 B lake & M offatt B uilding.
O ntario.
Orange.
259 U n iv ersity avenue.
18 M arengo avenue.
2 E a st C olorado street.
C olorado and F a ir Oaks avenues.
Care F ir st N a tio n a l Bank.
P etalum a.
Care Bank of P lea sa n to n .
260 South T hom as street.
261 South T hom as str e e t.
P orterv ille.
5th and C itru s stre e ts.
Redwood C ity.
630 Seventh str e e t.
724 J street.
365 E street.
759 S ix th street.
411 E street.
303 Phelan B uilding.
1208 R ailroad avenue.
255 M ontgom ery street.
995 M arket street.
1933 E llis street.
Second floor, H earst B uilding.
282 Bush street.
550 C aliforn ia street.
715 Olunie B uilding.
1933 E llis street.
41® Pine street.
12 N orth F ir st street.
34 E. San A n ton io str e e t.
81 W. S an ta C lara street.
1039 Chorro street,
San M ateo.
San R afael.
S a n ta Ana.
P. O. B ox 35.
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
S E C R E T A R IE S A N D T H E I R L O C A L A D D R E S S E S — Continued.
Location
Name
Associ
ations
S an ta B arbara __ J. M. W arren..........
1
P. 0 . R oll________
Geo. W. W ood........
H. H. Y ou n gk en ..
0 . D. B a rn ett____
John J. R oss.........
C. E. L itt le h a le ...
A. M. N oble_____
P. L. W illia m s ....
J. L. W ilder...........
M. P. P alm er____
J. R. W ilson...........
C. L. J o h n so n ____
Jam es L. H are___
John T . W h ite™ .
1
1
1
1
1
1
1
1
1
1
1
1
1
1
S an ta C lara ____
S an ta Cruz .........
S an ta P a u l a ........
S anta R osa .........
S a u sa lito ............
S tock ton ...........
S t o c k t o n ..............
S tock ton ...............
T ulare __________
Upland ........... ......
V allejo ..................
V isa lia ..................
W o o d la n d .............
S a lt Lake C it y ...
2—25127
Address
Care S an ta B arbara C ounty
N a tio n a l Bank.
S an ta Clara.
21 Pacific avenue.
S an ta P aula.
S an ta Rosa.
S a u sa lito .
223 E. Weber street.
15 South H unter street.
26 N orth San Joaq u in street.
Tulare.
Upland.
310| Georgia street.
Care Traders Union
Beamer Block.
49 E. P ir st South str e e t
17
APPENDIX
Detailed Statement of the Condition
of the
Building and Loan Associations
of the
State o f C aliforn ia
As compiled from the reports to the Commissioner for the
fiscal year ending June 30,1916
Arranged Alphabetically by Cities and Towns
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
21
BUILDING A N D LOAN ASSOCIATIONS.
No. 1. A L A M E D A .
CENTRAL LOAN ASSOCIATION.
(Incorporated July 26, 1909.)
Tj. A. R hodes, Secretary.
No. o£ series, none.
F. N. D elanoy, President.
Fiscal year ended June 23, 1916.
No. of members and investors, 238.
No. of shares, 6,086.
Assets.
Liabilities.
Loans, on mortgages, $199,2(58.06; on definite con
tract, $16,965.53 _________ $216,234 19
Arrearages, on interest---------1,684 27
Cash in bank_______________ 19,689 62
Furniture and fixtures---------700 00
(Guarantee stock, capital___ $15,554 00
Guarantee stock, surplus____
6,421 51
Installment shares, dues___ 120,860 87
Installment shares, profits__
15,378 91
Investment certificates, prin45,450 00
Investment certificates, divi
dends —
2,193 61
Loans due and incomplete___ 28,746 23
Sundry ledger accounts, con
tingent, e t c . ____________
871 63
All other liabilities, dividends
unpaid _________________
2,822 32
Total a s s e t s --------------- $238,30S 08
Total lia b ilitie s_______$238,308 08
Receipts for Fiscal Year.
Installment shares, dues------$70,300
Investment certificates------12,850
In te r e s t__________________
12,767
Loans repaid______________
39,470
Overdrafts and bills payable- 15,700
Advances repaid, personal ac
counts _________________
1,068
Disbursements for Fiscal Year.
41
00
30
67
00
Overdrafts and bills payable $24,317 73
Loans on mortgages and
47,707 49
shares -------------------------Interest p a i d _____________
482 63
Dividends on guarantee stock
591 20
Dues
repaid,
installment
52
sh a res---------------------------- 42,128 52
Profits repaid, installment
sh a res---------------------------3,053 07
Investment certificates, prin
cipal -----------------------------8,850 00
Investment certificates, divi
dends ---------------------------1,992 57
Advances, personal accounts.
1,068 52
S a la r ie s---------------------------679 00
T a x e s ------------------------------208 76
Other expenses____________
578 79
719 00
All other disbursements_____
Balance, cash in office and
b a n k ----------------------------19,689 62
Total receipts_________ $152,156 90
Total disbursem ents___$152,156 90
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 60 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
22
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 2. A L A M E D A .
COLUMBIAN MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 18, 1893.)
R. R. R ead, Secretary.
J ames K, Lynch , President.
Fiscal year ended March 31, 1915.
No. of members and investors, 229.
No. of shares, 2,726.
No. of series, 23.
Assets.
Liabilities.
Loans, on definite contract,
$120,712.01; on shares, $4,330.00; on contract sales,
$2,031.74 _______________ $127,973 75
Arrearages—
On sh a r e s_____$1,840 22
On in te r e st___ 1,161 43
On fin e s_______
27 40
----- --------3,035 05
Cash in bank______________
8,575 81
Advances, ledger accounts—
070 71
Installment shares, dues------$93,438 00
Installment shares, profits___ 10,533 10
3,686 50
Advance paym ents_________
Overdrafts and bills payable- 14,6®) 48
Reserve and undivided profits
2,737 04
Loans due and incomplete___
6,500 20
Total assets-----------------$140,564 32
Total liabilities________$140,564 32
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues-----Interest ---------------------------Fines ____________________
F e e s --------------------------------Loans repaid --------------------Overdrafts and bills payableAdvances repaid, personal ac
counts -------------------------All other receipts---------------
Disbursements for Fiscal Year.
Overdrafts and billspayable- $13,541 35
Loans on mortgages and
43,450 62
sh a res__________________
Interest p a id _____________
982 42
Dues
repaid,
installment
sh ares---------------------------- 17,913 55
Profits repaid, installment
sh a res__________________
3,253 54
672 98
1,563 51 Advances, personalaccounts4 47 S a la r ie s ---------------------------1,505 00
T a x e s ____________________
62 02
Other expenses____________
479 98
All other disbursements------157 50
Balance, cash in office and
b a n k ___________________
8,575 81
$3,035
32,178
0,181
46
14
29,855
13,814
85
96
87
31
00
63
77
Total receipts-------------- $90,505 37
Total disbursem ents___$90,595 37
Installment Shares, With Age, Value, and Withdrawal Value,
Serial
No.
3 3 _________________
35__________________
37__________________
39__________________
41__________________
43__________________
45__________________
47__________________
4 9 _________________
51__________________
Age in
months.
_____________
_____________
_____________
_____________
_____________
_____________
_____________
_____________
_____________
_____________
120
108
96
84
72
00
48
36
24
12
Total dues
per share.
Book value
per share.
$120
108
96
84
72
60
48
36
24
12
$166
145
124
105
87
70
54
39
25
12
00
00
00
00
00
00
00
00
00
00
72
23
97
88
90
96
98
94
75
45
Withdrawal
value.
$162
141
122
103
86
69
54
39
25
12
05
51
08
70
31
87
29
55
58
40
23
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 3. A N A H E IM .
SAVINGS, LOAN AND BUILDING ASSOCIATION.
(Incorporated January 8, 1889.)
F red A. B a c k s , J b., Secretary.
Fiscal year ended April 30, 1916.
No. of series, 11.
No. of members and investors, 168.
O. F. Grim , 'President.
No. of shares, 2,427.
Assets.
Liabilities.
Loans, on mortgages, $96,300.00; on shares, $11,045.00
$107,345 00
Arrearages—
On sh a r e s _____ $1,059 00
On in te r e st____
702 90
On fin e s----------66 75
-------------1,828 65
Cash, in office, $159.61; in
bank, $8,159.93__________
8,319 54
Advances, ledger accounts—
21 48
Installment shares, dues_____$65,484 00
installment shares, profits___ 19,384 51
Investment n o te s __________
12,810 00
108 30
Advance paym ents_________
Overdrafts and bills payable- 19,016 62
Reserve and undivided profits
716 24
Total a sse ts------------------$117,514 67
Total liab ilities________$117,514 67
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues-----Investment n o te s --------------Interest __________________
Fines ____________________
F e e s _____________________
Loans repaid--------------------Overdrafts and bills payable-
Disbursements for Fiscal Year.
$3,096
14,931
12,810
8,442
43
22
32,457
7,837
99 Overdrafts and bills payable- $17,072 92
50 Loans on mortgages and
sh a res__________________
00
30,234 46
82 Interest p a id ---------------------1,910 91
repaid,
installment
05 Dues
25
sh a res---------------------------- 14,473 50
00 Profits repaid, installment
92
sh a res__________________
6,801 55
Advances, personalaccounts21 48
S a la r ie s__________________
585 00
T a x e s ____________________
157 38
Other exp en ses-----------------54 89
All other disbursements------9 90
Balance, cash in office and
b a n k ___________________
8,319 54
Total receipts-------------- $79,641 53
Total disbursem ents___$79,641 53
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
18______ _________________________
19______ _________________________
20______ _________________________
21________________________________
22______ _______ - ________________
23______ _________________________
24______ _____________ _________
25______ _________________________
26______ _________________________
27______ _________________________
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$60 00
54 00
48 00
42 00
36 00
30 00
24 00
18 00
12 00
6 00
Book value
per share.
$90 04
77 69
66 24
55 66
45 85
36 69
28 19
20 32
13 02
6 26
Withdrawal
value.
$85 53
72 95
61 69
51 55
42 40
34 01
26 09
18 92
12 20
6 03
24
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 4.
B A K E R S F IE L D .
KEEN COUNTY MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 29, 1901.)
Abthub S. Cbites, Secretary.
J. F, D ugan, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 513.
No. of shares, 11,703.
Assets.
Liabilities.
Loans, on mortgages------------ $321,895 00 Installment sh ares, dues_____ $207,243 62
Arrearages—
Installment shares, profits___ 72,108 78
On In terest___ $2,615 36
Paid-up and prepaid shares,
On fin e s_______
161 14
c a p it a l_________________
45,250 00
2,776 50 Reserve and undivided profits 12,216 85
Clash in bank--------------------11,003 12 Loans due and incomplete__
1,479 60
Real estate owned--------------2,151 69
472 54
Advances, ledger accounts___
Total a sse ts----------------- $338,298 85
Receipts for Fiscal Year.
Balance from last report—
Installment shares, dues-----Paid-up and prepaid shares,
dues ___________________
Interest ---------------------------Fines ____________________
Loans repaid--------------------Overdrafts and bills payableAdvances repaid, personal accounts -------------------------All other receipts, real estate,
etc. ____________________
Total liab ilities________ $338,298 85
Disbursements for Fiscal Year.
$7,639 65 Overdrafts and bills payable- $14,000
76,705 57 Loans on mortgages and
shares _________________
77,249
10,100 00 Interest p a id __________ '----103
repaid,
installment
31,528 46 Dues
31 97
shares _________________
48,933
38,849 00 Profits repaid, installment
5,000 00
shares __________________
8,154
Paid-up and prepaid shares,
70 60
capital -------------------------Paid-up and prepaid shares,
dividends_______________
2,303 80
Advances, personal accountsS a la r ie s ---------------------------T a x e s ------------------------------Other expenses -----------------All other disbursements, real
estate, e t c .______________
Balance, cash in office and
b a n k ___________________
Total receipts_________ $172,229 05
00
08
36
85
3,500 00
2,446
195
2,709
398
369
00
50
74
35
68
3,166 37
11,003 12
Total disbursem ents___ $172,229 05
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 10 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
00
25
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 5.
B A K E R S F IE L D .
PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated January 27, 1892.)
E.
W. S p i e b s , Secretary.
F. W. R o b i n s o n , President.
Fiscal year ended January 31, 1916.
No. of members and investors, 155.
No. of series, 15.
Assets.
Liabilities.
Loans, on mortgages, $159,075.00; on shares, $320.00- $159,395
Arrearages—
On sh a r e s_______$742 80
On in te r e st______ 942 37
1,685
Cash in bank---------------------6,603
Advances, ledger accounts__
19
Installment shares, dues------ $70,351 80
00 Installment shares, profits---- 26,085 43
Paid-up and prepaid shares,
capital ---------- -------------58,200 00
Reserve and undivided profits 13,116 32
17
88
50
Total a s s e t s --------------- $167,703 55
Total liabilities —
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues-----Paid-up and prepaid shares,
dues ___________________
I n te r e s t---------------------------Premiums ------------------------Fines ____________________
F e e s _____________________
Loans repaid ______________
Overdrafts and bills payableAdvances repaid, personal accounts _________________
All other receipts, excise tax
refund _________________
No. of shares, 3,115.
------ $167,703 55
Disbursements for Fiscal Year.
$2,327 14 Overdrafts and bills payable20,032 10 Loans on mortgages and
shares -------------------------2,200 00 Interest p a id ---------------------repaid,
installment
15,379 19 Dues
shares __________________
100 00
180 19 Profits repaid, installment
sh a res__________________
1 00
33,750 00 Paid-up and prepaid shares,
capital _________________
9,500 00
Paid-up and prepaid shares,
d ivid en d s----------------------1,649 54
Advances, personal accounts166 23 S a la r ie s---------------------------T a x e s ------------------------------Other expenses -----------------Balance, cash in office and
b a n k ___________________
Total receipts-------------- $85,285 39
$9,500 00
45,220 00
152 16
10,905 50
3,079 21
2,000 00
3,438
1,669
1,780
568
368
40
04
00
30
90
6,603 88
Total disbursements------ $85,285 39
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
17_________________________________
18____________________
2 0 ________________________ ______________
2 2 ________________________ ______________
24__________________________________
26__________________________________
28__________________________________
30____________________ ______________
Age in
months.
96
72
60
48
36
24
12
Total dues
per share.
$57
50
43
36
28
21
14
7
00
40
20
00
80
60
40
20
Book value
per share.
$93
77
62
48
36
26
16
7
14
00
30
98
94
14
40
70
Withdrawal
value.
$91
74
59
46
34
24
15
7
00
50
00
00
25
00
25
20
26
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 6.
BERKELEY.
BERKELEY HOME INVESTMENT ASSOCIATION.
(Incorporated December 7, 1908.)
F rederick H. Clark, Secretary.
J ohn Cook, President.
Fiscal year ended March 31, 1916.
No. of series, none.
No. of members and investors, 178.
N a of shares, 509.
Assets.
Liabilities.
Loans, on definite contract,
Guarantee stock, capital____ $16,100 00
$25,711.70;
on
shares,
Guarantee stock, surplus____
835 31
$55,00; on contract sales,
Installment shares, dues____
5,566 70
$8,951.37 _______________ $29,718 07 Installment shares, profits___
933 96
Arrearages on interest______
238 96 Paid-up and prepaid shares,
Cash, in office, $48.59; in
capital _________________
7,000 00
482 19 Paid-up and prepaid shares,
bank, $433.60 ___________
Real estate owned--------------3,715 24
divid en d s_______________
106 00
Furniture and fixtures--------587 38 Investment certificates, prinAdvances, ledger accounts—
100 00
2,766 59
Investment certificates, dividends __________________
166 30
Overdrafts and bills payable1,000 00
Reserve and undivided profits
333 48
A ll other liabilities_________
33 50
Total a s s e t s --------------- $34,841 84
Receipts for Fiscal Year.
Total lia b ilitie s_______ $34,841 84
Disbursements for Fiscal Year.
Balance from last report____
$912 24 Overdrafts and bills payableInstallment shares, dues------- . 2,975 20 Loans on mortgages and
shares _________________
Paid-up and prepaid shares,
dues ----------------------------600 00 Interest p a id ______________
Investments certificates____
936 43 Dividends on guarantee stock
repaid,
installment
Interest __________________
3,623 55 Dues
sh ares______________ ____
F i n e s ---------- ------------ -------146 30
F e e s ____________________
28 90 Profits repaid, installment
s h a r e s ________________
Loans r e p a id -------------------13,069 38
Overdrafts and bills payable5,000 00 Paid-up and prepaid shares,
capital _____________ ____
Advances repaid, personal ac272 62 Paid-up and prepaid shares,
counts _________________
d ivid en ds .....
All other receipts, real estate,
ete. ------------------------------1,098 61 Investment certificates, principal — ----------------------Investment certificates, dividends ---------------------------Advances, personal accountsS a la r ie s__________________
Other exp en ses_________ __
All other disbursements, real
estate, e t c .______________
Balance, cash in office and
b a n k -----------------------------Total receip ts-------------- $28,663 23
Total disbursem ents__
Installment Shares, With Age, Value, and Withdrawal Value,
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus 6 per cent interest.
$8,000 00
8,525 42
222 60
723 00
4,128 00
775 66
1,600 00
476 63
825 52
153
325
520
491
96
78
00
02
1,413 45
482 19
$28,663 23
2?
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 7.
BENICIA.
BENICIA BUILDING AND LOAN ASSOCIATION.
(Incorporated January 10, 1883.)
K. W iutk, SecretaryG ustav
Fiscal year ended January 31, 191fi.
No. of series, 20.
No. of members and investors, 58.
H.
G nauck,
President.
No. of shares, 304.
Assets,
Liabilities.
Loans, on mortgages, $32,756.50; on contract sales,
$2 ,6 1 5 .0 0 _______________ $35,371 50
Arrearages—
On sh a res______$5,786.00
On in terest------ 2,347 70
--------- —
8,133 70
Cash in bank—
-------------402 01
lieal estate owned--------------6,149 80
F u r n itu re and fixtures -----154 44
Advances, ledger accounts—
3,218 55
Installment shares, d u e s - ---- $28,002 00
Installment shares, profits—
3,313 09
Advance payments
_ _ —
191 45
Reserve and undivided profits
1,645 71
Sundry ledger accounts------17,486 58
A ll other liabilities, unearned
2,881 17
premiums_______________
Total a sse ts----------------- $53,520 00
Tola! liab ilities------------ $53,520 00
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues----In te r e s t__________________
Loans repaid______________
$1,074
2,133
1,714
7,245
17 Overdrafts and bills payable00 Interest p a id ---------------------repaid,
installment
60 Dues
shares _________________
00
Profits repaid, installment
shares _________________
Advances, personal accountsS a la r ie s __________________
T a x e s ________.____________
Other expenses____________
Balance, cash in office and
b a n k ___________________
Total receipts-------------- $12,166 77
$500 00
93 36
2,902 00
994
6,330
600
242
12
54
76
00
10
00
492 01
Total disbursem ents___$12,166 77
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
32__________________ _ __ —
—
34__________________ ______________
36__________________ _______________
40__________________________________
42__________________________________
44_____- _____________ ______________
4 6 __________________ ______________
Age In
months.
120
108
96
72
60
48
36
Total dues
per share.
Book value
per share.
$120
108
96
72
60
48
36
$136
120
105
76
63
49
36
00
00
00
00
00
00
00
02
15
07
77
01
88
73
Withdrawal
value.
$127
113
100
74
61
48
36
64
60
14
06
25
69
73
28
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 8.
CORO N A.
CORONA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 2, 1905.)
J no. P. K et , Secretary.
No. of series, none.
Geo. P. S nidecob, President.
Fiscal year ended October 2, 1915.
No. of members and investors, 118.
No. of shares, 472.
Assets.
Liabilities.
Loans, on mortgages, $2,Guarantee stock, capital____
Guarantee stock, surplus____
450.00; on definite contract, $33,598.15________ $36,048 15 Installment shares, dues_____
Cash in bank______________
29 35 Installment shares, profits__
Other a s s e t s ______________
20 00 Paid-up and prepaid shares,
$5,000
305
5,539
1,753
00
00
22
06
5,100 00
Investment certificates, prin4,904 85
Investment certificates, dividends __________________
Overdrafts and bills payable.
Reserve and undivided profits
Loans due and incomplete—
Total a s s e t s --------------- $36,097 50
Total receipts —
-------
$36,007 50
00
46
07
15
61
25
00
Overdrafts and bills payable. $18,230 67
Loans on mortgages and
s h a r e s -- ------------------------ 20,654 99
Interest p a id ___
_____
663 82
Dividends on guarantee stock
650 00
Dues
repaid,
installment
6,031 82
shares — ---- ----------------Profits repaid, installment
sh a res_____— ------- ---462 35
Paid-up and prepaid shares,
divid en d s_______________
255 00
Investment certificates, prin
10,556 73
cipal ------- ---------- — —
Investment certificates, dividends ---------------------------431 79
420 00
S a la r ie s ---------------------------32 53
T a x e s ____________________
Other exp en ses-----------------155 49
Balance, cash in office and
b a n k ___________________
29 35
$58,574 54
Total disbursem ents___ $58,574 54
$10
4,417
13,628
2,928
161
11,839
25,590
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
22
00
14
01
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues___
Investment certificates_
I n te r e s t------- -------------------Pines and fees—
— —
Loans repaid --------------------Overdrafts and bills payable-
Total lia b ilitie s----------
375
12,615
148
357
29
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 9.
ESCON D ID O.
ESCONDIDO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Reincorporated December 20, 1913.)
F. G. B aldridge, Secretary.
W. H. B aldridge, President.
Fiscal year ended February 28, 1916.
No. of members and investors, 58.
No. of series, 12.
No. of shares, 553.
Liabilities.
Assets.
Loans, on mortgages------------ $24,200 00 Installment shares, dues_____ $19,212 00
Installment shares, profits___
Cash, in office, $75.88 ; in
3,991 58
2,121 07 Paid-up and matured shares,
bank, $2,045.19 _________
capital _________________
3,033 85
Furniture and fixtures--------80 56
150 00
Advance paym ents_________
14 20
Reserve ond undivided profits
Total a sse ts___________ $26,401 63
Total liab ilities________ $26,401 63
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues___
I n te r e s t_____________ _____
Premiums ________________
F e e s __ _______________ —
Loans repaid _____________
All other receipts___________
$2,186
6,646
1,774
282
6
3,050
34
07
00
66
94
00
00
04
Total receip ts_________ $13,979 71
Loans on mortgages and
shares ___________ _____
Interest paid on matured
sh a res_______________ _
Dues
repaid,
installment
shares — ---------------------Profits repaid, installment
sh a res___________ _____
S a la r ie s----- ---------------------T a x e s ------------------------------Other exp en ses____________
Balance, cash in office and
b a n k ___________________
$7,800 00
227 31
2,814 00
737
204
50
26
18
00
00
15
2,121 07
Total disbursem ents---- $13,979 71
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
29____________________ ______________
31__________________ _______________
33_______ __________ _ ___________
3K
.............. . ______________
37
.......... ______________
39___________________ ______________
Age in
months.
72
60
48
36
24
12
Total dues
per share.
$72
60
48
36
24
12
00
00
00
00
00
00
Book value
per share.
$96
76
57
41
26
12
20
11
84
33
20
50
Withdrawal
value.
$90
72
55
40
25
12
15
08
43
00
65
37
30
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 10.
FR ESN O .
MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 11. 1892.)
W ick W. P arsons, Secretary.
W. T. Mattingly, President.
Fiscal year ended February 29, 1916.
No. of series, 20.
No. of members and investors, 212.
No. of shares, 2,579.
Assets.
Liabilities.
Loans on definite contract__ $176,834 79
Arrearages—
On sh a r e s_______$24 40
On in te r e st--------- 182 24
----------206 64
Cash in bank______________
6,206 97
Installment shares, dues____ $86,584 20
Installment shares, profits___ 34,682 56
Overdrafts and bills payable. 47,500 00
Reserve and undivided profits
3,465 13
Loans due and incomplete__
11,016 51
Total a s s e t s __________ $183,248 40
Total liab ilities________ $183,248 40
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues-----Interest __________________
Fines ------------------------------F e e s _____________________
Loans repaid______________
Overdrafts and bills payable.
Advances repaid, personal ac
counts _________________
Total receipts
Disbursements for Fiscal Year.
Overdrafts and bills payable. $20,000 00
Loans on mortgages and
sh a res------- -------------------74,374 19
Interest p a id ________ ______
2,344 08
Dues
repaid,
installment
shares ----- -----------------14,089 50
Profits repaid, installment
sh a res--------- --------------8,443 73
574 61 S a la r ie s __________________
1,065 00
656 26
T a x e s ____________________
Other expenses ____________
101 70
Balance, cash in office and
b a n k ___________________
6,206 97
$7,587
18,491
15,265
37
6
42,819
42,500
52
30
11
67
00
22
00
$127,281 43
Total disbursem ents___$127,281 43
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No,
Age In
months.
29__________________________________
31__________________________________
33__________________________________
35__________________________________
37__________________________________
39__________________________________
41_______________
43__________________________________
45__________________________________
120
108
96
84
72
60
48
36
24
47____________________________________
12
Total dues
per share.
Book value
per share.
$120
108
96
84
72
60
48
36
24
$207
176
148
122
99
78
59
41
26
00
00
00
00
00
00
00
00
00
12 00
Withdrawal
value.
68
94
67
96
50
22
11
98
60
$207 68
176 94
148 67
122 96
99 50
78 22
59 11
41 98
26 60
12 66
12 66
31
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 11.
FO R TUN A.
FORTUNA BUILDING AND LOAN ASSOCIATION.
(Incorporated April 30, 1889.)
C. A. F biedenbach, Secretary.
H. T. Natwick, President.
Fiscal year ended May 31, 1916.
No. of series, 13.
No. of members and investors, 93.
No. of shares, 621.
Assets.
Liabilities.
Loans, on mortgages, $29,Installment shares, dues____ $25,473 00
4,973 66
250.00; on shares, $200.00. $29,450 00 Installment shares, profits—
Arrearages—27 00
Advance paym ents_________
On sh a r e s _______ $413 50
Reserve and undivided profits
946 71
On in terest---------- 275 15
On fin e s--------------- 44 43
_ ____
Qg
Cash in bank---------------------Advances, ledger accounts___
1,178 63
58 66
Total assets
Receipts for Fiscal Year.
Balance from lastreport------Installment shares, dues___
I n te r e s t---------------------------Fines ____________________
F e e s _________________ ___
Loans repaid______________
Total receipts___
$31,420 37
Total liabilities
$31,420 37
Disbursements for Fiscal Year.
$353
7,623
2,342
6
23
4,800
82
00
95
55
80
00
Loans on mortgages and
sh a res__________________
Interest p a id _______________
Dues
repaid,
installment
sh a res__________________
Profits repaid, installment
sh a res__________________
Advances, personal accounts.
S a la r ie s---------------------------Other expenses____________
Balance, cash in office and
b a n k ___________________
$15,150 12
$4,600 00
94 87
7,266 00
1,719
16
180
94
83
29
00
50
1,178 63
Total disbursem ents---- $15,150 12
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
41__________________________________
42__________________________________
44__________________________________
46__________________________________
48__________________________________
50__________________________________
52__________________________________
Ace in
months.
78
72
60
48
36
24
12
Total dues
per share.
$78
72
60
48
36
24
12
00
00
00
00
00
00
00
Book value
per share.
$100
90
72
56
40
25
12
10
70
81
08
50
99
51
Withdrawal
value.
$100
88
71
54
38
25
12
10
36
21
06
81
00
20
32
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 12.
LIV E R M O R E .
LIVE1MOB1 MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 19, 1906.)
F. W ente , Secretary.
C.
No. of series, 10.
J . O. McKowsr, President
Fiscal year ended September 30, 1915.
No. of members and investors, 45.
Assets.
No. of shares, 356.
Liabilities.
Loans, on mortgages, $30,Installment shares, dues------- $19,518 00
425.00; on shares, $200.00- $30,625 00 Installment shares, profits___
4,314 70
Arrearages on shares---------181 00 Overdrafts and bills payable7,000 00
Cash in bank______________
582 70 Reserve and undivided profits
556 00
Total a s s e t s __________ $31,388 70
Total lia b ilitie s----------
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues____
I n te r e s t__________________
Premiums ________________
Fines ------------------------------P e e s _____________________
Loans repaid______________
Overdrafts, and bills payable.
All other receipts___________
Total receip ts-------------
$31,388 70
Disbursements for Fiscal Year.
$2,022
4,458
1,938
4
14
7
864
9,300
14
80
00
59
00
30
50
85
00
42
$18,624 46
Overdrafts and bills payableLoans on mortgages and
sh a res__________________
Interest paid __________ ____
Dues
repaid,
installment
sh a r e s_____________ _____
Profits repaid, installment
sh ares__________________
S a la r ie s __________________
T a x e s ____________________
Other exp en ses-- ---- --------Balance, cash in office and
b a n k ___________________
$2,300 00
12,790 34
242 33
1,880 00
406
200
211
1
99
00
64
46
582 70
Total disbursem ents___ $18,624 46
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
1 ________________ ______________
3__________________ _____________
5__________________ _____________
6__________________ _____________
8 ________________________ _____________
9__________________ _____________
10__________________ _____________
Age In
months.
108
96
72
60
36
24
12
Total dues
per share.
Book value
per share.
$108
96
72
60
36
24
12
$143
123
86
69
39
25
12
00
00
00
00
00
00
00
52
79
75
90
44
52
39
Withdrawal
value.
$139
121
85
68
39
25
12
97
02
28
91
10
37
35
33
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 13.
LOS A L T O S .
ALTOS BUILDING
AND LOAN
ASSOOTATTON
JCr Vr AAJhAw AAxi
dEAAllAsr
A A \ F<C3| A I A
* |w l 0
AASL A
•
AA imJt A \ y K r
i
i
t
(Incorporated August 24. 1909.)
C. E. Miner , Secretary.
No. of series, none.
F red S. S jhouf, President.
Fiscal year ended June SO, 1916.
No. of members and investors, 32.
No. of shares, 230.
Liabilities.
Guarantee stock, capital____$16,750 00
Installment shares, dues_____
80 00
Installment shares, profits---22 50
Investment certificates, prin
cipal ___________________
1,500 00
Investment certificates, divi
dends __________________
45 00
Reserve and undivided profits
516 05
Total a sse ts___________ $18,913 55
Total lia b ilitie s_______ $18,913 55
Receipts for Fiscal Year.
Balance from last report-----Guarantee sto c k ----------------Interest __________________
Loans repaid______________
Advances repaid, personal ac
counts _________________
Total receipts__________
go o©oo
Assets.
Loans on definite contract___$18,641 54
Cash, in office, $38.13; in
bank, $ 1 .0 8 _____________
39 21
Advances, ledger accounts__
169 26
Other a s s e ts ______________
63 54
Disbursements for Fiscal Year.
$1,116
550
876
665
62 Loans on mortgages and
00
shares -------------------------86 Dividends on guarantee stock
55 Investment certificates, divi
dends ---------------------------78 03 Advances, personal accountsT a x e s ____________________
Other expenses____________
Balance, cash in office and
b a n k -----------------------------
$3,287 06
Total disbursem ents___
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, 50 cents per share per month.
Dividend, last fiscal year, 7 per cent
Book value, dues plus dividend.
Withdrawal value, full book value.
3—25127
$1,700 00
1,131 55
.
90
247
62
16
00
29
39
62
39 21
$3,287 06
34
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 14.
LOS A N G E L E S .
HOME INVESTMENT BUILDING AND LOAN ASSOCIATION.
(Incorporated August 21, 1888.)
W. A. B onynoe, Secretary.
I, B. N ewton, President.
Fiscal year ended September 30, 1915.
No. of series, 15.
No. of members and investors, 32.
No. of shares, 458.
Assets.
Liabilities.
Loans, on mortgages__ _____ $37,300
Arrearages—
On sh a r e s_______$128 00
On interest _
_421 17
549
Cash in bank ----------------431
Furniture ond fixtures—
147
00 Installment shares, dues_____ $16,476 00
Installment shares, profits___
3,276 08
Advance payments
__ ____
280 00
Overdrafts and bills payable- 17,810 00
17 Reserve and undivided profits
586 14
58
47
Total a ss e ts----- ----------- $38,428 22
Total liab ilities________ $38,428 22
Receipts for Fiscal Year.
Balance from last report----Installment shares, d u e s -----Interest ______________ —
---------------—
Fees
—
Loans repaid —
— — Overdrafts and bills payable-
Total receipts
Disbursements for Fiscal Year.
$90
5,478
3,080
«)
5,200
21,660
68 Overdrafts and bills payable. $28,360 00
00 Loans on mortgages and
75
shares ___________ ______
00 Interest p a id ---------------------00 Dues
repaid,
installment
00
sh ares________ __________
Profits repaid, installment
shares _________________
S a la r ie s --------- _ — ______
Taxes _ ______ __ ________
Other expenses
__________
Balauce, cash in office and
bank
_ —
__ _____
Total disbursem ents__
----- --- $35,539 43
400 00
1,537 15
3,622 00
304
552
152
179
44
50
39
37
431 58
$35,539 43
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
32__________________________________
35__________________________________
38 ________________________________
39 ________________________________
41__________________________________
43__________________________________
47__________________________________
49__________________________________
51__________________________________
Age In
months.
126
108
90
84
72
60
66
24
12
Total dues
per share.
$126
108
90
84
72
60
36
24
12
00
00
00
00
00
00
00
00
00
Book value
per share.
$181
147
116
106
88
71
39
25
12
77
44
59
92
43
02
63
51
36
Withdrawal
value.
$181 77
141 53
112 61
102 34
84 33
68 27
38 72
25 14
12 27
35
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 15.
LOS A N G E L E S .
METROPOLITAN LOAN ASSOCIATION.
(Incorporated July 30, 1886.)
I saac Norton, Secretary.
J. W. Montgomery, President.
Fiscal year ended June 30, 1916,
No. of series, 22.
No. of members and investors, 177.
No. of shares, 3,027.
Assets.
Liabilities.
Loans, on mortgages, $225,1 Installment shares, dues____ $166,332 00
000.00; on shares, $14,Installment shares, profits__
41,917 07
300.00 __________________ $240,200 00. Paid-up aud prepaid shares,
Arrearages—
, capital __________________
21,800 00
On s h a re s ____ $60 00
I Ad vance paym ents_________
394 25
On in te re s t______66 30
; Reserve and undivided profits
11.683 54
--------132 30 | Loans due and incomplete_ 15.000 00
Cash in hank______________
17,552 72* Sundry ledger accounts_____
758 16
Total a ss e ts___________ $257,885 02
Total liab ilities________ $257,885 02
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues____
Interest __________________
Fines ------------------------------Loans repaid______________
Advances repaid, personal ac
counts _________________
Disbursements for Fiscal Year.
$1,949
34,718
18,674
87
46,200
66 Overdrafts and bills payable- $20,000 00
00 Loans on mortgages and
sh a res---------------------------37
03 Interest p a id ______________
repaid,
installment
00 Dues
sh a r e s__________________
1,091 59 Profits repaid, installment
sh a res__________________
Paid-up and prepaid shares,
dividends_______________
Advances, personal accountsS a la r ie s __________________
T a x e s ____________________
Other expenses____________
Balance, cash in office and
b a n k ___________________
20,350 00
367 49
28,399 00
9,857 59
1,308 00
452 95
3,300 00
330 30
802 60
17,552 72
Total disbursem ents__ $102,720 65
Total receipts--------------$102,720 65
Installment Shares, With Age, Value, and Withdrawal Value,
Age in
Serial
No.
”S f
33__________________________________
35—
_____ ______ — ------R7
...
41
43
41a
47—
_ _
49____________
.............. ...............
........................... .............
...........................
_
—
___________________
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96
84
72
60
48
36
24
00
00
00
00
00
00
00
12 00
Book value
per share.
$169
146
125
105
87
70
54
39
25
12
13
37
34
92
88
93
96
91
74
43
Withdrawal
$159e'30
136 78
116 54
98 25
81 53
66 56
51 48
37 95
24 87
12 22
36
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 16.
LOS A N G E L E S .
SOUTHERN CALIFORNIA LOAN ASSOCIATION.
(Incorporated March 11, 1887.)
J u l i u s H. M a r t in , Secretary.
No. of series, 22.
C. S. D o n n a t i n , President.
Fiscal year ended June 30, 1916..
No. of members and investors, 464.
Assets.
Loans on mortgages-------------$813,720
Arrearages on shares---------260
8,276
( ’ash in hank--------------------Furniture and fixtures--------1,139
Advances, ledger accounts—
No. of shares, 2,200.
Liabilities.
00 Guarantee stock, capital____$50,000 00
1,593 70
00 Guarantee stock, surplus____
80 Installment shares, dues____ 91,456 00
56 Installment shares, profits__
27,095 89
70ClInvestment certificates, prin
cipal ----------------------------- 618,726 96
Advance paym ents_________
473 00
Overdrafts and bills payable.
5,000 00
Reserve and undivided profits 19,561 98
9,559 44
Loans due and incomplete__
Total a sse ts-----------------$823,466 97
Total liab ilities________ $823,466 9?
Receipts for Fiscal Year.
Disbursements for Fiscal Year.
Balance from last report------ $4,923 92 Overdrafts and billspayable. $10,000 00
Installment shares, dues------19,112 00 Loans on mortgages and
03
sh a res------------------ 198,422
Investment certificates------- 145,379 83
116
65
Interest __________________
59,503 28 Interest p a id _______
6,250 00
Loans repaid______________ 128,765 00 Dividends on guarantee stock
repaid,
installment
Overdrafts and bills payable. 15,000 00 Dues
sh a r e s____________ 11,240
00
Advances repaid, personal ac
counts _________________
2,543 13 Profits repaid, installment
sh a res____________
4,949
36
Investment certificates, prin
cipal ___________________
87,101 96
Investment certificates, divi
dends ________:__________ 33,589 65
Advances, personalaccounts.
4,048 64
S a la r ie s-----------------3,240
00
T a x e s ______________
4,823
12
Other exp en ses_____
3,173
45
Balance, cash in office and
b a n k _____________
8,276
80
Total disbursem ents___$375,226 66
Total receip ts------------- $375,226 66
Installment Shares, With Age, Value, and Withdrawal Value.
No.
3 5 _____
37______
39___ 41______
4 3 _____
4S
47
49
SI
53______
Age in
months.
________________________
. . . ________
.
_______________________
___________ ______
____________ _ ________
_______________________
_________________________
..................
________________________
________ _______________
118
106
94
82
72
60
48
36
24
12
Total dues
per share.
$118
106
94
82
72
60
48
36
24
00
00
00
00
00
00
00
00
00
12 00
Book value
per share.
$170
147
125
105
89
72
56
40
25
12
48
33
70
54
96
13
60
23
85
46
Withdrawal
value.
$170
147
117
99
82
67
52
38
25
48
33
78
65
72
28
56
54
11
12 28
37
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 17.
LOS A N G E L E S .
FIDELITY SAVINGS AND LOAN ASSOCIATION.
(Incorporated January 31, 1891.)
C. C. B oynton, President
Fiscal year ended December 31, 1915.
No. of members and investors, 6,000.
No. of shares, 76,612.
G. II. W adleigii, Secretary.
No. of series, none.
Assets.
Liabilities.
Loans, on mortgages, $2,300,624.8ft; on definite con
tract, $3,367,708.11; on
shares, $167,872.15______ $5,845,205
Cash, in office, $40,401.10;
in bank, $209,165.71_____
339,566
Real estate owned_________
258,023
51,304
Advances, ledger accounts_
15
90
23
66
Guarantee stock, capital,
subscriptions----------------- $60,498 70
Installment shares, dues---- 1,727,165 38
Installment shares, profits—
836,450 79
Paid-up and prepaid shares,
capital ------------------------- 1,109,600 00
Paid-up and prepaid shares,
d ivid en d s______________
65,850 16
Investment certificates, prin
cipal __________________ 1,788,472.52
Overdrafts and bills payable
44,309 63
Reserve and undivided profits 524,200 71
Loans due and incomplete—
252,218 92
Sundry ledger accounts-----74,324 13
All other liabilities, tax re
serve _________________
11,000 00
Total a sse ts__________ $6,494,009 94
Total lia b ilitie s______$6,494,099 94
Receipts for Fiscal Year,
Disbursements for Fiscal Year.
Balance from last report__ $143,837 47
Guarantee sto c k __________
39.585 24
Installment shares, dues—
925,526 94
Paid-up and prepaid shares,
dues __________________
489,650 00
Investment certificates____ 195,493 90
525,015 08
I n te r e s t-------------------------Premiums _______________
47,658 83
Fines ___________________
7,683 29
Fees, Ins. Com_____________
3,347 37
Loans repaid_____________ 2,610,177 79
Overdrafts and bills payable
98,623 95
Advances repaid, personal
accounts, n e t __________
134,477 28
All other receipts, real es
tate, rents, etc---------------- 824,661 26
Overdrafts and bills payable $103,389 32
Loans on mortgages andsh a res_________________ 2,867,579 71
Interest p a id _____________
24,156 98
Dividends on guarantee stock
2,800 65
Dues repaid, installment
shares ______________ _— 906,987 61
Profits repaid, installment
shares ________________
240,063 00
Paid-up and prepaid shares,
capital ________________
128,050 00
Paid-up and prepaid shares,
divid end s______________
55,689 72
Investment certificates, prin
cipal __________________
404,587 11
Investment certificates, divi
dends _________________
127.120 79
21,479 81
S a la r ie s _________________
T a x e s ___________________
5,763 09
Other expenses----------------42,442 14
All other disbursements, real
estate, e t c ._____________
775,461 48
Balance, cash in office and
b a n k __________________
339,566 90
•Total receipts________$6,045,738 40
Total disbursem ents_$6,045,738 40
Installment Shares, With Age, Value, and Withdrawal Value.
Age in
months.
“Fidelity” issue of Class
“B.” Dues 70 cents
per share per month.
91
84
72
60
48
36
24
12
Total dues
per share.
$63
58
50
42
33
25
16
40
80
40
00
60
20
80
8 40
Loan fund dues
per share.
$55
51
43
36
28
26
12
46
00
44
20 88
13 32
5 76
Book value
per share.
$100 00
88 17
68 97
52
38
25
15
42
15
85
25
6 11
Withdrawal
value
$100 0 0
88 17
68 97
52
38
25
15
6
42
15
85
25
11
38
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 18.
LOS A N G E L E S .
STATE MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated January 20, 1889.)
€ . J. W ade, Secretary.
No. of series, none.
W. G. Cochban, President
Fiscal year ended December 31, 1915.
No. of members and investors, 6,190.
Assets.
No. of shares, 9,484.
Liabilities.
Loans, on definite contract,
$3,768.804.00; on shares,
$18,643.7a; on contract
sales, $25,640.49 ________ $3,813,100
Arrearages—
On interest__ $12,848 83
On fin e s_____ 1,880 6-1
--------------14,729
( ’ash, in office, $26,576.36;
in bank, $189,002.50____
216,568
14,077
Advances, ledger accounts_
Other assets : street improve
ment b o n d s____________
1,361
Guarantee stock, capital__ $200,000 00
59,590 20
Guarantee stock, surplus__
Installment shares, dues__
74,896 95
Installment shares, profits_
60,351 20
Paid-up and prepaid shares,
capital ________________
275,607 50
Paid-up and prepaid shares,
divid en d s______________
43,000 10Investment certificates, prin
cipal __________________ 3,246,297 60
Investment certificates, divi
dends _________________
88,253 75
Advance paym ents-----------1,751 05
Reserve and undivided profits
7,720 90
Sundry ledger accounts___
2,368 07
20
48
86
17
61
Total a sse ts__________ $4,059,837 32
Receipts for Fiscal Year.
Total lia b ilitie s_$4,059,837
.
32
Disbursements for Fiscal Year.
Balance from last report— $104,362 75 Loans on mortgages and
sh a r e s_____________$1,374,353
Installment shares, dues---15,090 50
Dividends on guarantee stock
24,000
Paid-up and prepaid shares,
46,500 00 Dues repaid, installment
dues __________________
shares ^____________
37,242
Investment certificates___
750,336 05
Interest _________________
331,803 54 Profits repaid, installment
sh a r e s_____________
26,852
Pines _____________________
5,411 3D
F e e s ____________________
1.800 CM) Paid-up and prepaid shares,
capital ________________
8,632
Loans repaid_____________ 1,168,937 20
Paid-up and prepaid shares,
Advances repaid, personal
accounts_______________
14,311 34
d ivid en d s_________
29,810
All other receipts, real es
Investment certificates, prin
tate, etc. ______________
20,060 10
cipal __________________
473,375
| Investment certificates, divi| dends _________________
174,589
Advances, personal accounts
13,592
S a la r ie s_____________
15,000
T a x e s _______________
4,883
Other exp en ses---------36,893
All
other disbursements,
real estate, etc--------21,920
Balance, cash in office and
b a n k ______________ 216,568
Total receipts________$2,458,612 78
00
00
85
35
50
00
35
10
27
Oft
28
07
15
86
Total disbursements__ $2,458,612 78
Installment Shares, With Age, Value, and Withdrawal Value.
Age In
months.
Investment
Certificates.
Installment
Shares.
78
72
60
48
36
24
12
114
108
Total dues
Loan fund dues
$78 00
72 00
60 00
48 00
36 00
24 00
12 00
68 40
64 80
-----------------
per share.
per share.
$67 40
63 80
Book value
per share.
$94 87
86 21
69 63
54 01
39 29
25 41
12 33
100 52
93 21
Withdrawal
value.
$94 87
86 21
69 63
54 01
39 29
25 41
12 33
100 52
93 21
39
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 19.
LOS A N G E L E S .
BANKERS GUARANTY-LOAN COMPANY.
(Incorporated August 12, 1901.)
G. H. W adleigh, Secretary.
J ohn H. F oley, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 135.
No. of shares, 861.
Liabilities.
Assets.
Guarantee stock, capital------ $14,149 22
Loans, on definite contract,
Paid-up and prepaid shares,
$15,664.61;
on
shares,
capital
----------------------3,348 50
$717.67 ________ ______ $16,882 28
Paid-up and prepaid shares,
Cash, in office, $89.71; in
5,698 51
d iv id e n d s _____________
935 07
bank, $5,608.80__________
6,188 45 Investment certificates, prinIieai estate owned- _ ------9,303 52
Advances, ledger accounts—
188 11
c ip a l----------------------------Investment certificates, divi716 04
dends — -------------------Total a sse ts_____
— _ $28,452 35
Receipts for Fiscal Year.
Balance from last report____
Investment certificates------interest ____________ — —
Loans repaid__ ___________
Advances repaid, personal accounts _ _
___________
All other receipts, real estate,
Total receipts
Total liab ilities________ $28,452 35
Disbursements for Fiscal Year,
81 Loans on mortgages and
sh a res-- ----------------------37
37 Paid-up and prepaid shares,
capital —
----------------31
Paid-up and prepaid shares,
dividends — ----------------1,359 86
Investment certificates, prine ip a l_________ _______
1,265 42
Investment certificates, dividends _______— _ --------Advances, personal accounts.
Other expenses__________ __
All other disbursements, real
estate, etc.
-----------------Balance, cash in office and
b a n k _____
___________
$4,239
2,743
2,263
5,793
_______ $17,665 14
Total disbursements-----
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, 60 cents per share per month
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, same as book value.
$660 00
2,535 00
202 10
3,837 85
116 2 1
1,143 17
94 34
3,377 96
5,698 51
$17,665 14
40
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 20.
LOS G A TO S .
LOS GATOS BUILDING AND LOAN ASSOCIATION.
(Incorporated April 27, 1889.)
E dward G. A ngela, Secretary.
E. M. S ellers, President.
Fiscal year ended April 30, 1916.
No. of series, 9.
No. of members and investors, 22.
No. of shares, 109.
Assets.
Liabilities.
Loans, on mortgages, $ 10 ,Installment shares, dues----767.50; on shares, $1,025.00 $11,792 50 Installment shares, profits__
Arrearages—
Advance paym ents_________
On sh a r e s _______$98 00
Overdrafts and bills payableOn in terest---------112 45
Reserve and undivided profits
On prem ium ------- 47 75
On fin e s------------- 22 95
281 15
Cash, in office, $0.85; in
151 85
bank, $ 1 5 1 .0 0 ----------------Total a sse ts----------------- $12,225 50
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues —
I n t e r e s t---- ------------------ —
Premiums -----------------------Fines _ _ _______________
---- --------------Fees ------Loans repaid_______— _
Overdrafts and bills payable-
Total receipts
—
$5,760
2,161
40
3,100
1,164
00
37
10
00
08
Total lia b ilit ie s ______ $12,225 50
Disbursements for Fiscal Year.
$531
1,672
881
368
76
4
5.825
4,400
91
60
15
95
25
40
00
00
_ — $13,760 26
Overdrafts and bills payable.
Loans on mortgages and
shares __________________
Interest p a id _____— — _
Dues
repaid,
installment
sh a res--------— ------Profits repaid, installment
sh a r e s------- -------------------S a la r ie s ---------------------------Other expenses___ — ------Balance, cash in office and
bank _ _ ______________
$1,800 00
3,700 00
177 08
5,628 00
1,944 45
180 00
178 88
151 85
Total disbursements------ $13,760 26
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No,
13 ________________________________
14 ________________________________
15 __________________________________
17 ________________________________
18 ________________________________
19 __________________________________
20 _______________________________
2 1 ________________________________
Age In
months.
108
96
84
60
48
36
24
12
Total dues
per share.
$108 00
96 00
84 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
Withdrawal
value.
$162 90
138 53
116 06 Dues plus
75 26
profits,
57 40 as per
41 22
by-laws.
26 30
12 55
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 21.
41
LO N G B E A C H .
MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated August 4, 1904.)
W S. Stevens, Secretary.
No. of series, none.
L lewellyn B ixby, President.
Fiscal year ended December 31, 1915.
No. members and investors, 271.
No. of shares, 1,115.
Assets.
Loans, on mortgages, $5,275.00; on definite contract,
$169,256.83; on shares, $2,000.00 _________ ______ $176,531
Arrearages on interest---- _
407
Cash, in office, $446.89; in
bank, $24,248.20_________ 24,695
Real estate owned--------------2,787
Liabilities.
Installment dues _________ $44,006 14
Installment shares, profits—
12,662 67
Investment certificates, prin83
cipal —
— ----------------- 136,272 88
75 Investment certificates, divid e n d s ____________ ______
8,251 57
00 Reserve and undivided profits
3,229 08
67
Total a sse ts___________ $204,422 34
Receipts for Fiscal Year.
Total liab ilities________ $204,422 34
Disbursements for Fiscal Year.
Balance from last report____ $13,489 69 Loans on mortgages and
sh a res__________________ $74,250 74
Installment shares, dues_____ 13,109 35
repaid,
installment
Investment certificates_____ 96,776 06 Dues
shares __________________
I n t e r e s t---- --------- -------------- 13,670 98
8,381 55
Pees _
_ _ — ---------- —
579 75 Profits repaid, installment
s h a r e s ---------- ----------------37,615 57
793 55
Loans repaid______________
Investment certificates, prinAll other receipts, real estate,
cipal ____________ _______
59,675 57
e t c . ------- ----------------------244 91
Investment certificates, dividends
-------------------- _
4,315 72
S a la r ie s ----------------- -----900 00
T a x e s -- --------------- --- — _
141 98
Other expenses ___________
1,146 86
All other disbursements, real
estate, e t c .-- ----------------1,185 25
Balance, cash in office and
bank —
-------------------24,695 09
Total receip ts------------- $175,486 31
Total disbursements___ $175,486 31
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, same as book value
42
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 22.
M AD ER A.
MADERA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 26, 1912.)
E. M. McCabdle, Secretary.
J, B. H igh , President.
Fiscal year ended October 31, 1915,
No. of series, none.
No. of members and investors, 69.
No. of shares, 815.
Assets,
Liabilities.
Loans on definite contract___ $20,972 38 Installment shares, d u e s _ $23,005 50
Arrearages—
Installment shares, profits___
1,435 65
On shares-------- $1,586 00
Advance paym ents_________
27 00
On interest____
54 50
Reserve and undivided profits
71 56
1,640 50 Loans due and incomplete__
600 00
('ash, in office, $31.00; in
bank, $2,495.83 __________
2,526 83
Total a sse ts___________ $25,139 71
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues-----Interest __________________
P e e s _____________________
Loans repaid______________
Total liabilities________ $25,139 71
Disbursements for Fiscal Year.
$750
9,254
1,745
104
1,864
73 Loans on mortgages and
shares __________________
00
repaid,
installment
19 Dues
shares __________________
86
41 Profits repaid, installment
shares _________________
S a la r ie s__________________
Taxes ________ ________ _____
Balance, cash in office and
b a n k ------------------------------
Total receip ts_________ $13,719 19
Total disbursements___
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
$8,560 00
2 ,110 00
80 36
420 00
22 00
2,526 83
$13,719 19
43
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 23.
M ER C ED .
MERCED MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated June 22, 1891.)
J. H . S i m o n s o n , Secretary.
No. of series, 11.
W. E. L a n d r u m , President.
Fiscal year ended June 30, 1916.
No. of members and investors, 180.
Assets.
Liabilities.
Loans on mortgages_________ $126,175 00
Arrearages—
On sh a r e s----------- $589 00
On in terest______ 694 95
On fin e s_________ 64 17
----------1,348 12
( ’ash in bank_______________ 14,101 52
Furniture and fixtures---------180 00
Installment shares, dues------- $107,268
Installment shares, profits---- 30,167
Reserve and undivided profits
2,654
All other liabilities, unearned
1,714
premiums_______________
Total assets-----------------$141,804 64
00
28
82
54
Total liabilities------------ $141,804 64
Disbursements for Fiscal Year.
Receipt# for Fiscal Year.
Balance from last report___
Installment shares, dues-----Interest ---------------.-----------Fines ____________________
F e e s _____________________
Loans repaid______________
No. of shares, 1,685.
$479
20,487
9,673
36
93 Loans
on
mortgages
and
00
10 Interest p a id ______________
40 Dues
repaid,
$7,300 00
86 69
installment
22 70
shares __________________
9,470 00 Profits repaid, installment
shares __________________
Advances, personal accountsS a la r ie s ---------------------------T a x e s ____________________
Other expenses ____________
Balance, cash in office and
b a n k ___________________
6,796 00
2,157
8,326
600
503
297
47
64
00
49
32
14,101 52
Total disbursements____$40,169 13
Total receip ts_________ $40,169 13
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
__________________________________________
J 9 ________ „________________________ ______
20__________________________________
2 1 ____ ______________________________
22 __________________________________
2 3 __________________________________
24______________________________ , ___
2 5 ________ .___________________________
26__________________________________
27__________________________________
Age In
months.
Total dues
per share.
Book value
per share.
120
$120 00
108 00
$171
148
127
108
89
72
55
40
25
12
108
96
84
72
60
48
36
24
12
96
84
72
60
48
36
24
00
00
00
00
00
00
00
12 00
19
88
84
15
63
18
71
28
87
46
Withdrawal
value.
$150
132
115
98
82
67
52
38
25
12
25
53
40
88
95
63
90
78
25
33
u
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 24.
MILL VALLEY.
TAMALPAIS MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 10, 1897.)
P aul H eimobe, Secretary.
W. J. T homas, President.
Fiscal year ended April 30, 1916.
No. of series, 25.
No. of members and investors, 163.
No. of shares, 1,455.
Assets.
Liabilities.
Loans, on mortgages, $7,150.00; on definite eontract, $40,079.69_________ $47,229
Arrearages—
On sh a r e s ____ $334 10
On in terest___ $1,678 13
On fin e s_______
34 00
2,046
Cash, in office, $0.81 *, in
bank, $842.00 ___________
842
Beal estate owned__________
236
Furniture and fixtures______
126
Advances, ledger accounts__
3,930
Other a s s e t s ______________
37
Installment shares, dues------- $25,983 20
Installment shares, profits—
4,689 53
69 Paid-up and prepaid shares,
capital _________________
22,720 00
Reserve and undivided profits
912 02
Sundry ledger accounts_____
144 50
23
81
14
75
26
37
Total assets— _________ $54,449 25
Total liabilities------------ $54,449 25
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues-----Paid-up and prepaid shares,
dues ___________________
Interest __________________
Fines ____________________
F e e s _____________________
Loans repaid______________
Advances repaid, personal accounts _________________
All other receipts__________
Total receip ts-------------
Disbursements for Fiscal Year.
$2,632 75 Loans on mortgages and
shares __________________ $16,067 56
9,992 60
Dues
repaid,
installment
shares __________________
14,024 25
400 00
3,902 83 Profits repaid, installment
shares ---------------------------3,486 54
149 60
16 20 Paid-up and prepaid shares,
capital -------------------------1,300 00
23,596 06
Paid-up and prepaid shares,
d ivid en d s_______________
1 50
1,388 20
2,465 84
73 93 Advances, personal accountsS a la r ie s ---------------------------600 00
36 48
T a x e s ------------------------------Other exp en ses-----------------317 65
All other disbursements, real
236 14
estate ---------------------------Balance, cash in office and
842 81
b a n k ___________________
Total disbursements------ $40,765 47
$40,765 47
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
41__________________________________
45__________________________________
49__________________________________
53————————————
————
—————————————————
57__________________________________
61__________________________________
Age in
months.
72
60
48
36
24
12
Total dues
per share.
$72
60
48
36
24
00
00
00
00
00
12 00
Book value
per share.
$93
74
56
40
26
12
19
38
93
90
12
50
Withdrawal
value.
$93
74
56
40
26
12
19
38
93
90
12
50
45
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No 25.
N AP A .
NAPA BUILDING AND LOAN ASSOCIATION.
(Incorporated September 8, 1888.)
J ohn N. Mount, Secretary.
E. D. B eard, President.
Fiscal year ended May 27, 1916.
No. of series, 11.
No. of members and investors, 328.
No. of shares, 3,529.
Assets.
Liabilities.
Loans, on mortgages, $202,Installment shares, dues----- $174,461 00
899.70; on shares, $15,38,189 24
Installment shares, profits__
372.00
$218,271 79 Advance paym ents_________
942 00
Arrearages—
Overdrafts and bills payable13,375 00
On sh a r e s_______ $873 00
Reserve and undivided profits
2,029 71
On in terest______ 264 35
All other liabilities, accrued
On fin e s_________ 142 09
mlerest ________________
155 50
------------------------77044
Cash in bank--------------------2,742 68
Real estate owned__________
7,208 54
Furniture and fixtures--------150 00
Total a sse ts___________ $229,152 45
Total liabilities________ $229,152 45
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues_____
I n te r e s t__________________
Premiums ________________
Fines and fees_____________
Loans repaid______________
Overdrafts and bills payableAll other receipts, real estate,
etc. ____________________
Disbursements for Fiscal Year.
41 Overdrafts and bills payable- $36,277 00
00 Loans on mortgages and
sh a r e s---------------------------- 41,002 71
66
828 91
63 Interest p a id ---------------------repaid,
installment
26 Dues
sh a res------------------20,176 00
07
00 Profits repaid, installment
sh a res---------------------------6,491 46
1,148 00
1,465 94 S a la r ie s ---------------------------399 23
T a x e s ____________________
Other expenses____________
235 56
All other disbursements, real
e s t a t e __________________
5,166 42
Balance, cash in office and
b a n k ___________________
2,742 68
$18
43,050
15,226
17
411
31,928
22,350
Total receipts_________ $114,467 97
Total disbursements----- $114,467 97
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
2 1 _________________
22__________________ _____________
23________________ ._____________
2 4 _________________ _________ __
25__________________ __________ _
26__________________ _____________
27__________________ _____________
2 8 _________________ _____________
29__________________ _____________
3 0 _______________________________
31__________________ _____________
Age In
months.
113
101
89
77
65
53
41
29
17
5
Total dues
per share.
$125 00
113 00
101 00
89 00
77 00
65 00
53 00
41 00
29 00
17 00
5 00
Book value
per share.
$177 98
155 11
133 70
113 71
95 12
77 66
61 26
45 84
31 37
17 80
5 07
Withdrawal
value.
$157 55
139 60
122 25
105 50
89 35
73 80
58 85
44 50
30 75
17 46
5 00
46
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 26.
N EW C A S TLE.
NEWCASTLE BUILDING AND LOAN ASSOCIATION.
(Incorporated May 20, 1889.)
J ohn W allace, Secretary.
Geo. W. B isbee, President.
Fiscal year ended April 30, 1916.
No. of series, 11.
No. of members and investors, 95.
No. of shares. 674.
Assets.
Liabilities.
Loans on mortgages------------ $49,850
Arrearages—
On shares_______$200 00
On i n t e r e s t ____ 267 OH
__ 55 65
On rent____
On fines
_
8 54
581
( ’ash, in office, $64,05; in
bank, $800.14 ________ _
864
1,478
Keal estate o w n ed _ ____
Furniture and fixtures _ _
50
Total assets__________
27
19
58
00
$52,768 99
Receipts for Fiscal Year.
Balance from last report____ $1,693
Installment shares, dues-----8,078
I n te r e s t_____________ __ _
3,505
99
F i n e s __ _______________ __
Loans repaid _
_
5,400
Overdrafts and bills payable3.925
All other receipts, real estate.
etc
1 ,21*2
Total receipts________
00 Installment shares, dues____$41,028 (X)
Installment shares, profits__
10,163 39
Advance payments _ _
_
42 18
Reserve and undivided profits
1,461 92
Sundry ledger accounts_____
73 50
Total lia b ilitie s______ $52,768 99
Disbursements for Fiscal Year.
Overdrafts and bills payable- $3,925 00
Loans on mortgages and
shares —
— ------------ 11,650 00
Interest paid
_
_—
25 81
Dues
repaid,
installment
shares
__
------- _ _
4,726 00
Profits repaid, installment
00
shares
____
______
1,949 05
Salaries
_
_________
360 (X)
Taxes
_
_ _________
172 77
Other exp en ses__ _________
157 49
All other disbursements, real
estate, etc.
143 10
Balance*, cash in office and
hank _ —
_
864 10
49
18
03
11
00
00
$23,973 41
Total disbursements____ $23,973 41
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
18_________________ _________
____
19_____________ — ._____
20_________________ _- ____ ______
_
__________
21___________ _____
22_______ _ _ _.. _
____
___
23_______
_ _____
_ —
24__ ___ _______ _____
25______
— _________ :________
26______ ________________
27__ ______
_________________
Age In
months.
120
108
96
84
72
<10
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 OO
48 OO
36 00
24 00
12 00
Book value
Withdrawal
per share.
value.
$164 64
142 98
128 08
104 39 Dues plus
86 80
profits.
70 13
as per
by-laws.
54 42
39 60
25 61
12 42
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 27.
47
OAKLAND.
ALAMEDA COUNTY LOAN ASSOCIATION.
(Incorporated July 20, 1875.)
C has . P. H oag, Secretary.
J. P. R ichabdson, President.
Fiscal year ended June 30, 1916.
No. of series, none.
No. of members and investors, 481.
Assets.
Loans, on mortgages, $436,645.32; on definite contract,
$2,795.00; on shares, $13,927.54 __________________$453,367 86
828 70
Arrearages on interest--------Cash, in office, $ 200.00 ; in
bank, $33,147.37 ________ 33,347 37
Real estate owned, office
building, e t c .____________
66,920 01
Furniture aud fixtures______
500 00
Advances, ledger accounts—
157 30
Total a s s e t s --------------- $555,121 24
Receipts for Fiscal Year.
No. of shares, 3,356.
Liabilities.
Installment shares, dues------- $204,814
42,747
Installment shares, profits__
Paid-up and prepaid shares,
capital _________________
35,912
1’aid-up and prepaid shares,
divid en d s_______________
6,560
Investment certificates, prin
cipal ___________________ 191,793
Investment certificates, divi
dends __________________
7,067
Advance paym ents-------------150
Reserve and undivided profits 29,659
Loans due and incomplete__
35,667
Sundry ledger accounts_____
147
69
28
19
51
96
96
00
28
71
71
Total liabilities________ $555,121 24
Disbursements for Fiscal Year.
Balance from last report------ $5,437 00 Overdrafts and bills payable- $26,500 00
Installment shares, dues----65,728 62 Loans on mortgages and
sh a res__________________ 159,930 08
Paid-up and prepaid shares,
9,479 76
dues
_ --------------------28,973 75 Interest p a id ---------------------repaid,
installment
Investment certificates_____ 79,664 30 Dues
sh a res__________________
35,128 46
In te r e st__________________
31,969 60
F e e s _____________________
221 50 Profits repaid, installment
sh a res__________________
9,408 60
Loans repaid______________ 120,406 73
Overdrafts and bills payable- 21,500 00 Paid-up and prepaid shares,
c a p it a l-------------------------12,366 56
Advances repaid, personal acco u n ts__________________
606 61 Paid-up and prepaid shares,
dividends_______________
1,12 1 06
2,874 52
All other receipts, rent, etc._
Investment certificates, prin
cipal ________________
46,300 96
Investment certificates, divi
dends __________________
10,227 87
Advances, personal accounts608 91
S a la r ie s---------------------------4,025 00
133 89
T a x e s ____________________
Other exp en ses____________
3,812 30
All other disbursements, real
estate, e t c .______________
4,991 90
Balance, cash in office and
b a n k ___________________
33,347 37
Total receipts__________ $357,382 72
Total disbursements------ $357,382 72
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
48
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 28.
O AKLAND.
COSMOPOLITAN MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated August 1, 1879.)
W. S. Gould, Secretary.
No. of series, 21.
W m . H offschneider, President.
Fiscal year ending July 31, 1915.
No. of members and investors, 287.
No. of shares, 2,455.
Assets.
Liabilities.
Iamus, on definite contract,
$138,763.14; on shares, $3,622.75; on contract sales,
$2 ,7 8 1 .9 8 _______________ $145,467 87
Arrearages—
On shares--------- $918 83
On interest_____ 1,349 35
--------- ---2,268 18
■
Cash, in office, $1,989.61; in
bank, $2,117.43 . _________
3,297 04
Real estate owned--------------6,552 50
Furniture and fixtures--------500 00
Advances, ledger accounts—
79 75
Installment shares, dues------- $80,721 30
Installment shares, profits___ 16,892 51
Paid-up and prepaid shares,
capital -------------------------4,400 00
Investment certificates, prin
cipal ___________________
17,001 67
Advance payments ._________ 17,212 96
Overdrafts and bills payable- 14,000 00
Reserve and undivided profits
3,588 94
Loans due and incomplete—
2,795 98
Sundry ledger accounts------1,371 98
Total assets
____$158,075 34
Total liabilities________$158,075 34
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report—
Installment shares, dues-----Paid-up and prepaid shares,
dues ___________________
Investment certificates_____
In te r e s t__________________
Fines ____________________
F e e s --------------------------------Loans repaid______________
Overdrafts and bills payable.
Advances repaid, personal ac
counts _________________
All other receipts-----------------
$1,822 76 Overdrafts and bills payable- $12,400 00
39,893 71 Loans on mortgages and
29,806 01
sh a res__________________
2,987 46
4,400 00 Interest p a id ______________
8,575 25 Dues
repaid,
installment
12,483 1 1
sh a res__________________
47,923 62
23 58 Profits repaid, installment
sh a res__________________
11,196 39
75 00
45,438 35 Investment certificates, prin
9,900 00
cipal -----------------------------5,949 99
Investment certificates, divi
4,410 75
1,504 65
dends __________________
574 2 1 Advances, personal accounts.
8,273 01
S a la r ie s __________________
2,585 00
T a x e s ____________________
761 51
Other ex p en ses____________
1,002 04
Balance, cash in office and
b a n k ___________________
3,207 04
Total receipts--------------- $127,596 72
Total disbursements------$127,596 72
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
5456_.
586062_.
64_.
6C .
68-
7072
Age In
months.
120
Total dues
per share.
Book value
per share.
$120 00
108 00
$161
141
121
103
85
69
53
39
35
12
96
84
72
60
48
36
24
00
00
00
00
00
00
00
12 00
92
33
75
29
78
29
74
08
36
36
Withdrawal
value.
$159
136
116
97
82
67
52
38
25
12
83
34
60
51
80
50
80
70
20
30
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
49
No. 29. O N TA R IO .
PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated June 24, 1891.)
J. O. H enderson, Secretary.
No. of series, none.
A. P. H arwood, President
Fiscal year ended December 31, 1915.
No. of members and investors, 520.
No. of shares, 12,728.
Assets.
Liabilities.
Loans, on mortgages, $505,575.00; on shares, $ 6,720.00 __________________ $512,295 00
Arrearages—
On interest------- $4,299 56
On fines and fees
609 85
-------------4,909 41
Cash, in office, $400.00; in
bank, $10,443.47_________
10,843 47
Real estate owned, office
1,800 00
b u ild in g ________________
Furniture and fixtures______
500 00
Advances, ledger accounts__
561 60
Installment shares, dues------$199,928 80
Installment shares, profits---- 51,730 53
Paid-up and prepaid shares,
capital _________________ 198,225 00
Paid-up and prepaid shares,
d ivid en d s_______________
5,506 24
Overdrafts and bills payable- 51,468 54
Reserve and undivided profits 14,257 66
Loans due and incomplete—
9,336 71
Sundry ledger accounts------456 00
Total a ss e ts___________ $530,909 48
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues_____
Paid-up and prepaid shares,
dues ___________________
Interest __________________
Fines ____________________
F e e s --------------------------------Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal ac
counts _________________
All other receipts, appraisals
Total liabilities________ $530,900 48
$7,953 22 Overdrafts and bills payable- $37,463 41
73,781 61 Loans on mortgages and
89,913 64
sh a res__________________
4,320 28
56,317 04 Interest p a id ______________
repaid,
installment
34,462 99 Dues
sh a r e s__________________
65,010 31
586 85
32 45 Profits repaid, installment
sh a res__________________
7,071 42
40,824 50
41,025 52 Paid-up and prepaid shares,
capital _________________
27,567 04
10,467 81 Paid-up and prepaid shares,
divid en d s_______________
9,615 50
118 00
Advances, personal accounts- 10,018 35
1,645 85
S a la r ie s __________________
T a x e s ____________________
69 53
Other expenses____________
1,888 19
All other disbursements, ap
praisals, e t c .____________
143 00
Balance, cash in office and
b a n k ___________________
10,843 47
Total receipts_________ $265,569 99
Total disbursements____$265,5® 99
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, 60 cents per share per month.
Dividend, last flseal year, 7.20 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
4—25127
50
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 30. O R A N G E.
ORANGE BUILDING AND LOAN ASSOCIATION.
(Incorporated September 21, 1887.)
U. D. R hodes, Secretary.
D. C. P ixlet , President
Fiscal year ended October 31, 1915.
No. of series, 20.
No. of members and investors, 568.
No. of shares, 5,218.
Asrets.
Liabilities.
Loans, on mortgages, $456,400.00; on definite contract,
$15,761.99; on shares, $2,750.00; on contract sales,
$6,069.14 ________________$480,981
Arrearages—
On shares---------- $1,699 50
On interest_____ 3,249 45
509 24
On fines------------------------5,458
Cash, in office, $178.44; in
bank, $20,259.96 _________ 20,438
Furniture and fixtures______
500
Advances, ledger accounts---98
13
19
40
00
44
Total a s s e t s ___ ______ $507,476 16
Guarantee stock, capital____$25,000 00
7,000 00
Guarantee stock, surplus____
Installment shares, dues-..__ 197,665 50
Installment shares, profits___ 59,650 47
Paid-up and prepaid shares,
capital -------------------------- 186,650 00
Paid-up and prepaid shares,
divid en d s_______________
3,726 41
Guarantee capital stock, divi
dends unpaid____________
1,750 00
Advance paym ents_________
225 17
Overdrafts and bills payable10,000 00
Reserve and undivided profits
9,442 79
Loans due and incomplete__
5,901 97
Sundry ledger accounts_____
2 00
A11 other liabilities, unpaid
expenses________________
461 85
Total liabilities________$507,476 16
Receipts lor Fiscal Year.
Disbursements for Fiscal Year.
Balance from last report____ $25,122 94 Overdrafts and bills payable$7,500 00
Installment shares, dues___ 49,855 50 Loans on mortgages and
Paid-up and prepaid shares,
shares -------------------------- 130,468 18
d u e s ---- ------------------------- 46,850 00 Interest p a i d ---------230
55
Interest _ _______________
37,825 71 Dividends on guarantee stock
3,000 00
1,084 62 Dues
Fines ------------------------------repaid,
installment
F e e s _____________________
408 90
shares -------------------------36,193 50
88,606 25 Profits repaid, installment
-----------Loans r e p a id -7,500 00
Overdrafts and bills payable.
sh a r e s____________ 13,787
01
Advances, repaid, personal
Paid-up and prepaid shares,
1,115 94
accounts ----------------------c a p it a l___________ 33,250
00
All other receipts, real estate,
Paid-up and prepaid shares,
6,295 26
e t c . _____________ _______
d ivid en d s_________ 10,204
46
Advances, personalaccounts.
1,198 16
S a la r ie s ____________
2,091
00
T a x e s ______________
29
17
Other expenses_____
636
02
All other disbursements, real
estate, e t c .________
5,638
67
Balance, cash in office and
b a n k _____________ 20,438
40
Total receipts--------------$264,665 12
Total disbursements------$264,665 12
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
12__________________
14__________________
16__________________
1 8 _________________
20__________________
22__________________
24__________________
26__________________
28__________________
30__________________
_____________
____________
— _________
_____________
_____________
_____________
_____________
____________
_____________
_____________
Age in
months.
126
108
96
84
72
60
48
36
24
12
Total dues
per share.
$126 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$200 10
160 01
135 91
113 69
93 25
74 38
56 99
40 94
26 17
12 55
Withdrawal
value.
$200 10
160 01
135 91
113 69
87 94
70 78
54 74
39 70
25 08
12 27
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 81.
51
P A LO A L T O .
PALO ALTO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated November 14, 1892.)
E dward J esurun , Secretary.
No. of series, none.
C. H . G ilbert , President.
Fiscal year ended September 30, 1915.
No. of members and investors, 449.
No. of shares, 2,365.
Assets.
Liabilities.
Loans, on definite contract,
$452 ,243.58; on shares,
$4,989.00; on bonds, $3,143.40 „_________________$460,375 98
Arrearages on interest--------4,553 20
Gash, in office, $855.91 ; in
bank, $2,938.00 _________
3,793 91
Real estate owned---------------- 42,558 00
Furniture and fixtures______
2,117 50
Advances, ledger accounts---3,404 49
Other assets: Safe deposit
boxes, e t c .______________
2,417 90
Guarantee stock, capital------ $31,050 00
Guarantee stock, surplus-----370 00
Installment shares, dues------ 61,480 80
Installment shares, profits---- 20,322 13
Paid-up and prepaid shares,
c a p it a l______ __________
34,764 58
Investment certificates, principal
------- --------------- 291,381 94
Investment certificates, dividends _ ________________
1,525 00
Overdrafts and bills payable- 56,500 00
Reserve and undivided profits
8,775 53
12,651 00
Loans due and incomplete—
A ll other liabilities, tax reserve — ________ _ —
400 00
Total assets___________ $519,221 07
Receipts for Fiscal Year.
Balance from last report____
Guarantee sto c k ----------------Installment shares, dues____
Paid-up and prepaid shares,
dues ___________________
Investment certificates_____
I n te r e s t__________________
F e e s _____________________
Loans r e p a id _____________
Overdrafts and bills payableAdvances repaid, personal ac
counts _________________
All other receipts, real estate,
etc., n e t ________________
Total liabilities---- -------- $519,221 07
Disbursements for Fiscal Year.
$8,419 69 Overdrafts and bills payable- $9,000 00
12,350 00 Loans on mortgages and
16,404 00
shares _________________
98,063 00
Interest p a id ______________
3,625 77
8,050 64 Dividends on guarantee stock
2,531 32
87,423 02 Dues
repaid,
installment
45,470 29
shares __________________
22,671 69
117 37 Profits repaid, installment
91,988 09
shares _________________
4,778 64
24,000 00 Paid-up and prepaid shares,
capital _________________
3,190 00
11,822 83 Paid-up and prepaid shares,
dividends_______________
2,098 62
8,236 42 Investment certificates, princ ip a l___________________ 110,778 56
Investment certificates, dividends __________________
21,592 69
Advances, personal accounts- 17,915 55
2,800 00
S a la r ie s__________________
2,201 24
T a x e s ____________________
Other expenses____________
2,436 20
All other disbursements, real
6,805 16
estate, e t c . _____________
Balance, cash in office and
3,793 91
b a n k ------------------------------
Total receipts------------- $314,282 35
Total disbursements------ $314,282 35
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, n .00 per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
52
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 32.
PASADENA.
PASADENA BUILDING AND LOAN ASSOCIATION.
(Incorporated February 16, 1899.)
E. D. H il l , Secretary.
No. of series, none.
S olon B riggs , President.
Fiscal year ended December 31, 1915.
No. of members and investors, 341.
Assets.
Loans, on mortgages, $87,040.00; on definite contract,
$43,336.88;
on
shares,
$930.00 ________________ $131,306
Arrearages on interest______
1,769
( ’ash, in office, $73.25; in
bank, $11,225.68 ________ 11,298
Advances, ledger accounts__
336
88
92
93
15
No. of shares, 3,763.
Liabilities.
Guarantee stock, capital____
Guarantee stock, surplus____
Installment shares, dues____
Installment shares, profits___
Paid-up and prepaid shares,
capital _________________
Paid-up aud prepaid shares.
divid en d s_______________
Investment certificates, prin-
$9,000
260
29,344
25,529
00
83
94
80
19,850 00
120 0045,217 01
Investment certificates, dividends __________________
Reserve and undivided profits
Loans due aud incomplete__
All other liabilities------------Total a s s e t s __________ $144,711 88
Receipts for Fiscal Year.
Balance from last report___
$6,822
Installment shares, dues___
19,750
Investment certificates_
39,326
Interest
__
11,056
Loans repaid _______ _ _ 14,696
All other receipts, refund
Federal tax
_ _ _ _
112
Total receipts-------
Total liabilities________ $144,711 88
Disbursements for Fiscal Year.
D>ans on mortgages and
shares _
_ _ ---- $32,797 04
194 55
Interest paid ---------- — _
Dividends on guarantee stock
957 17
Dues
repaid,
installment
21,842 20
shares _ _
___________
39 Profits repaid, installment
4,559 94
shares ------- — — -------Paid-up and prepaid shares,
4,050 00
capital
_ _
--------Paid-up and prepaid shares,
1,228 88
d ivid en d s----------------------Investment certificates, prin
11,152 28
cipal ------------------- — —
Investment certificates, divi551 44
dends -------------------------_
1,842 67
Salaries -- ---------- — _
122 15
T a x e s ---- --------------------------1,168 3 s
Other expenses____________
Balance, cash in office and
11,298 93
bank
--------- ------------Total disbursements-----
Installment Shares, With Age, Value, and Withdrawal Value.
61
64
76
29
83
67
23
55
96
__ $91,765 63
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
257
10,147
4,971
12
$91,765 63
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 33.
53
P A SA D EN A .
MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated July 18, 1892.)
F. E. W abbikeb, Secretary.
No. of series, none.
A. W. B yrne, President.
Fiscal year ended December 31, 1915.
No. of members and investors, 220.
Assets.
Loans, on mortgages, $46,050.00; on definite contract,
$320,379.24; on contract
sales, $3,733.94 __________ $371,063
Arrearages—•
On interest------- $4,498 39
On fines_______
278 32
4,776
Cash, in office, $158.57; in
bank, $10,168.13_________
10,326
Ileal estate owned--------------394
500
Furniture and fixtures______
684
Advances, ledger accounts__
Other a s s e t s ______________
1
No. of shares, 1,904.
Liabilities.
18
71
70
80
00
45
70
Total a sse ts----------------- $387,547 54
Guarantee stock, capital____$25,000
Guarantee stock, surplus____
2,250
38,534
Installment shares, dues------Installment shares, profits—
15,636
Paid-up and prepaid shares,
capital _ _ — _ _
5,800
Paid-up and prepaid shares,
dividends--------------1,871
Investment certificates, princ ip a l---- --- -----------------255,938
Investment certificates, dividends _
_____ ____ _
6.597
Reserve and undivided profits 35,000
Sundry ledger accounts------920
00
00
04
18
09
30
13
89
00
00
Total liabilities —,--------- $387,547 54
Receipts for Fiscal Year.
Disbursements for Fiscal Year.
Balance from last report____$11,003 70
Installment shares, dues___
10,001 10
Investment certificates____
75,349 46
Interest __________________
32,123 19
1,607 52
Premiums ________________
Fines ------------------------------418 18
Loans repaid______________ 112,952 91
Overdrafts and bills payable3,800 00
Advances repaid, personal ac
counts _________________
247 90
All other receipts, rents, etc.
610 00
Overdrafts and billspayable$8,800 00
Loans on mortgages and
sh a res____________ 123,692
41
Interest p a id -----------560
48
Dividends on guarantee stock
3,085 64
Dues
repaid,
installment
Total receipts_________ $248,113 96
Total disbursements------$248,113 96
sh a re s ___________
17,068
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
72
Profits repaid, installment
sh a res-----------------6,343
61
Paid-up and prepaid shares,
capital _________________
1,000 00
Paid-up and prepaid shares,
divid en d s------------378
00
Investment certificates, prin
cipal ___________________
49,370 62
Investment certificates, divi
dends __________________
35,310 57
Advances, personal accounts747 90
S a la r ie s-----------------6,247
50
T a x e s --------------------183
55
4,196
32
Other exp en ses_____
All other disbursements, in
surance, e t c . _____
201
94
Balance, cash in office and
b a n k _____________ 10,326
70
54
BEPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 34.
P A S A D EN A .
CALIFORNIA SECURITY LOAN CORPORATION.
(Incorporated March 22, 1909.)
F. E. W a k k iner , Secretary.
No. of series, none.
A. W. B y b n e , President.
Fiscal year ended December 31, 1915.
No. of members and investors, 839.
Assets.
No. of shares, 250.
Liabilities.
00
38
Guarantee stock, capital____ $25,000 00
Guarantee stock, surplus------ 15,000 00
Investment certificates, prin
cipal _________ __________ 350,970 92
Investment certificates, divi
dends __________________
2,813 88
Advance paym ents_________
850 37
Overdrafts and bills payable- 12,500 00
Reserve and undivided profits
5 38
Loans due and incomplete---- 12,995 77
Sundry ledger accounts_____
2,224 42
Total a s s e t s --------------- $431,300 74
Total liabilities________ $431,360 74
Loans, on mortgages, $36,200.00 ; on definite contract,
$363,872.82; on shares,
$450.00; on contract sales,
$1,377.75 ________________$401,900
3,696
Arrearages on interest--------Cash, in office, $836.39; in
bank, $ 8 .7 3 _____________
845
Real estate owned_________ 23,634
Furniture and fixtures--------500
Advances, ledger accounts—
783
57
79
12
88
Receipts for Fiscal Year.
Disbursements for Fiscal Year,
Balance from last report------ $15,187 07 Overdrafts and bills payable- $57,500 00
Investment certificates------- 263,487 93 Loans on mortgages and
Interest __________________
31,321 18
shares ---------------------------- 160,927 83
562 19
Premiums ------------------------1,112 35 Interest paid ---------------.-----2,500 00
Loans repaid --------------------- 161,546 57 Dividends on guarantee stock
Overdrafts and bills payable- 45,000 00 Investment certificates, prin
Advances repaid, personal ac
cipal —
257,886 87
counts _________________
36,135 29 Investment certificates, divi
All other receipts, real estate,
dends —
19,811 03
etc. ____________________
9,026 20 Advances, personal accounts- 23,713 24
5,682 50
S a la r ie s __________________
346 77
T a x e s ------------------------------3,204 67
Other expenses -----------------All other disbursements, real
29,836 35
estate, e t c .______________
Balance, cash in office and
845 12
Total receipts--------------- $562,816 59
Total disbursements----- $562,816 59
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent
Book value, dues plus dividend.
Withdrawal value, same as book value.
55
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 35.
PASO RO BLES.
PASO ROBLES MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 2, 1905.)
F, G. W etzel, Secretary.
No. of series, 11.
A. Monteith , President.
Fiscal year ended August 31, 1915.
No. of members and investors, 61.
Assets.
No. of shares, 408.
Liabilities.
Loans on mortgages, $3,Installment shares, dues------- $19,564 50
000.00 ; on definite contract,
Installment shares, p r o fits - .
6,393 39
$24,734.01;
on
shares,
Paid-up and prepaid shares,
capital -------------------------$5,500.00 _______________ $33,234 01
1,500 00
Arrearages on shares_______
2 11 60 Investment certificates, prinCash in bank______________
3,584 54
c ip a l___________________
7,375 00
Furniture and fixtures______
156 55 Advance paym ents_________
22 00
Reserve and undivided profits
2,331 81
Total assets----------------- $37,186 70
Total liabilities------------ $37,186 70
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues-----Investment certificates_____
Interest ---------------------------Fines ____________________
F e e s _____________________ _
Loans repaid ______________
Disbursements for Fiscal Year.
$2,449
2,908
1,125
3,014
42
45
00
24
68 70
3 85
4,975 87
Total receipts--------------- $14,545 53
Ix>ans on mortgages and
shares ---------------------------Dues
repaid,
installment
shares ---------------------------Profits repaid, installment
shares __________________
Paid-up and prepaid shares,
divid en d s_______________
Investment certificates, principal -----------------------------Investment certificates, dividends ---------------------------S a la r ie s---------------------------T a x e s ____________________
Other expenses____________
All other disbursements_____
Balance, cash in office and
b a n k ----------------------------Total disbursements___
$7,948 90
1,215 25
40 27
83 00
600 00
466
436
124
44
i
75
50
57
75
00
3,584 54
$14,545 53
Installment Shares, With Age, Value, and Withdrawal Value,
Serial
No.
1—.—.— ________ __________ ____
______ ____ ___ __________________
Q ___ _____________ ___ _____________ _
8^___ ________ ____ „________ ___ ____
10— _____________ _______________ _
1 4 _ __ _____ ...__ ______ ___ __________
id —
—— _ _ __ _________ ____ ____
1 7 „ ___ ______ _______ ____ _____ ....__
18—
Age In
months.
120
105
93
84
75
57
48
36
24
Total dues
per share.
$120 00
105 00
93 00
84 00
75 00
57 00
48 00
36 00
24 00
Book value
par share.
$172 01
144 02
122 98
107 86
93 36
66 07
54 49
39 50
25 58
Withdrawal
value.
$160 40
142 06
119 98
105 47
90 60
64 25
52 87
38 62
25 18
56
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 36.
P ETA LU M A .
PETALUMA MUTUAL LOAN ASSOCIATION.
(Incorporated September 27, 1889.)
F. A. Cromwell, Secretary.
No. of series, 12.
F rank H. D enm an , President.
Fiscal year ended September 30, 1911.
No. of members and investors, 88.
Assets.
Liabilities.
Loans, on mortgages, $38,551.00; on shares, $1,005.00 $39,556
Arrearages—
On shares------------$270 00
On interest_______ 237 20
On fines__________ 20 55
527
Cash in bank______________
5,943
Real estate owned--------------2,370
Furniture and fixtures--------80
Advances, ledger accounts—
204
Installment shares, dues------- $39,960 00
7,763 89
00 Installment shares, profits__
50 49
Advance paym ents------------Reserve and undivided profits
858 00
75
31
97
(X)
95
Total a ssets___________ $48,632 98
Total liabilities________ $48,632 98
Receipts for Fiscal Year,
Balance from last report-----Installment shares, dues-----I n t e r e s t ____ _ — -----F i n e s ---- --------------- ----------Loans repaid____________ __
Overdrafts and bills payable-
Total receip ts______
No. of shares, 770.
Disbursements for Fiscal Year.
$4,782
9,481
2,705
39
6,619
3,000
40
00
75
55
00
00
Overdrafts and bills payableLoans on mortgages and
sh a res__________________
Interest p a id ---------------------Dues
repaid,
installment
sh a res__________________
Profits repaid, installment
sh a res---------------------------Advances, personal accountsS a la r ie s---------------------------Other exp en ses-----------------Balance, cash in office and
b a n k ___________________
$26,627 70
Total disbursements___
$3,000 00
4,995 00
91 50
10,024 00
1,765
104
420
283
42
95
00
52
5,943 31
$26,627 70
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
18__________________________________
19____________________-------------------2 0 ___________________--------------------2 1 ____________________--------------------22 ____________________ --------------------23____________ _____ ______________
24__________________________________
25____________________ ______________
26____________________ ______________
27____________________ _____________
Age to
months.
Total dues
per share.
120
Book value
per share.
$120 00
108 00
00
00
00
$158
138
119
101
84
00
00
00
53
38
25
108
96
84
72
60
48
36
24
12
96
84
72
60
48
36
24
00
12 00
68
12
40
61
73
67
62
51
32
89
22
28
Withdrawal
value.
$158
138
119
100
83
67
52
38
24
40
61
14
79
68
66
42
31
92
12 20
57
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 37.
P LEA SA N TO N .
PLEASANTON MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 1, 1895.)
T. H. S ilver, Secretary.
C. L atham , President.
Fiscal year ended March 29. 1916.
No. of members and investors, 15.
No. of series, 20.
No. of shares, 345.
Liabilities.
Assets.
Loans on mortgages________ $25,100 00 Installment shares, dues------$19,752 00
4,792 40
Gash in bank______________
1,351 37 Installment shares, profits_
Reserve and undivided profits
1,906 97
Total asset
$26,451 37
Total liabilities.
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues------I n te r e s t__ I ______________
$26,451 37
Loans' repaid---------------------
Total receipts—
$1,800 00
3,748 00
1.351 75
171
50
2
l©O ©O Q©
12 Loans on mortgages and
shares __________________
00
repaid,
installment
00 Dues
50
repaid, installment
2,100 0 0 Profits
shares ---------------------------S a la r ie s __________________
$363
4,258
1,740
13
Other ex p en ses____________
Balance, cash in office and
b a n k ___________________
1.351 37
Total disbursements------
$8,474 62
$8,474 62
Installment Shares, With Age, Value, and Withdrawal Value.
Age In
months.
■a?
2 1 ____________ ____________
24 ,
99
.......
....
30__________________________________
32__________________________________
34—
__—_
36—
—
38—
40____________ __________ __________ ____
126
108
84
72
60
48
36
24
12
T o ta l dues
per share.
$126
108
84
72
60
48
36
24
00
00
00
00
00
00
00
00
12 00
Book value
per share.
$177
144
105
87
70
54
39
25
12
35
50
30
55
58
70
75
70
40
W ith d ra w a l
value.
Dues plus
profits,
as per
by-laws.
58
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 38.
POM ONA.
MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated December 24, 1892.)
W. D. F rederick, Secretary.
No. of series, 21.
Mel . Campbell, President.
Fiscal year ended December 31, 1915. *
No. of members and Investors, 1,323.
No. of shares, 15,600.
Assets.
Loans, on mortgages, $740,710.18, on shares, $10,2 0 3 .3 0 ___________________ $750,922
Arrearages—
On shares---------- $3,179 50
On interest-------- 3,528 55
On premium-----40 60
On fines------------311 65
-------------7,060
Cash, in office, $3,637.81; in
bank, $28,616.39 _________ 32,254
Real estate owned, office
b u ild in g ------------------------- 24,500
Furniture and fixtures--------1,500
Liabilities.
Installment shares, dues------- $191,463
Installment shares, profits___ 39,499
48 Paid-up and prepaid shares,
capital -------------------------- 554,900
Paid-up and prepaid shares,
d ivid en d s_______________
12,200
Advance payments-------------4,986
Reserve and undivided profits 13,127
30 Sundry ledger accounts------60
00
88
00
35
26
49
00
20
00
00
Total assets___________ $816,236 98
Total liabilities------------ $816,236 98
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report----- $11,071 37 Loans on mortgages and
sh a res___________________ $228,906 05
Installment shares, dues------ 58,911 00
Dues
repaid,
installment
Paid-up and prepaid shares,
sh a res__________________
46,360 00
dues ------------------ --------- 329,162 90
Interest ---------------------------- 50,854 25 Profits repaid, installment
sh a res__________________
14,094 98
308 90
Premiums ----------------------537 06 Paid-up and prepaid shares,
Fines ----------------------------capital _________________ 203,096 94
322 32
Fees --------------- -------------Loans repaid______________ 106,517 04 Paid-up and prepaid shares,
d ivid en d s----------------------27,218 89
All other receipts, rents, etc.
3,230 41
Advances, personal accounts.
25 00
S a la r ie s---------------------------4,250 00
T a x e s ____________________
2,367 43
Other exp en ses____________
1,704 78
All other disbursements, real
estate expenses, etc.--------®J6 98
Balance, cash in office and
32,254 20
b a n k ___________________
Total receipts------------- $560,915 25
Total disbursements------$560,915 25
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No,
27__________________________________
29____________________ _____________
31__________________________________
33__________________________________
35__________________________________
37__________________________________
39------------------------------ ______________
41__________________________________
43__________________________________
45____________________ _____________
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
Book value
per share.
Withdrawal
value.
00
$86 23
$86 23
$60
54
48
42
36
30
24
18
00
00
00
00
00
00
00
12 00
6 00
74
64
53
44
35
27
78
00
98
65
88
68
20 m
12 88
6 22
72
62
51
43
34
27
19
12
78
00
87
11
84
04
67
73
6 18
59
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 39.
POMONA.
HOME-BUILDERS LOAN ASSOCIATION.
(Incorporated March 16, 1908.)
O. E. O rkaskk, Secretary.
No. of series, none.
J. W. F ulton, President.
Fiscal year ended March 31, 1916.
No. of members and investors, 565.
No. of shares, 3,478.
Assets.
Liabilities.
Total liabilities------------ $476,703
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Loans on mortgages and
shares ---------$173,764
Dividends on guarantee stock
9,884
Dues
repaid,
installment
sh a res__________________
5,168
Profits repaid, installment
sh a res---------------------------943
Investment certificates, prin
cipal ___________________ 110,126
51
00 Investment certificates, divi
dends __________________
15,205
Advances, personalaccounts1,493
S a la r ie s __________________
4,180
T a x e s ------------------------------666
Other exp en ses------------------2,779
All other disbursements------404
Balance, cash in office and
b a n k ___________________
9,170 29
40
00
22
45
35
00
30
Total receipts_________ $333,786 23
26 8 5 S 65S5888S
Balance from last report------$18,483
Installment shares, dues------13,032
Investment certificates--------- 158,860
Interest ---------------------------- 44,076
Fines ____________________
450
F e e s _____________________
2,915
Loans repaid--------------------92,986
Advances repaid, personal ac
1,512
counts -------------------------All other receipts, rents, ete._
1,470
Guarantee stock, capital____$100,000
8,500
Guarantee stock, surplus-----Installment shares, dues------49,793
Installment shares, profits__
16,174
Investment certificates, prin
cipal ___________________ 283,057
Investment certificates, divi
dends __________________
4,493
Loans due and incomplete—
9,656
28
Sundry ledger accounts------All other liabilities, dividends
unpaid _________________
5,000
Total disbursements------$333,786 23
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00, and 50 cents per share per month.
Dividend, last fiscal year, 10 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
SSSS 8 IS '
Total a sse ts___________ $476,703 48
8SSS
Loans, on definite contract,
$443,613.38; on shares,
$5,559.25;
on contract,
$1,452.85 ________________$450,625 43
Cash, in office, $2,917.29; in
bank, $6,253.00__________
9,170 29
Real estate owned, office
b u ild in g _________________ 15,000 00
Furniture and fixtures______
925 26
Advances, ledger accounts__
982 47
60
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 40.
P O R T E R V IL L E .
PORTERVILLE MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 29. 1905.
C. O. P bemo, Secretary.
No. of series, none.
H. C. Cabb, President.
Fiscal year ended October 31, 1915.
No. of members and investors, 150.
Assets.
No. of shares, 2,464.
Liabilities.
Ijoans, on mortgages, $79,Installment shares, dues------- $53,331 56
085.00; on shares, $1,800.00 $80,865 00 Installment shares, profits---- 24,432 65
Arrearages on interest______
827 05 Overdrafts and bills payable5,600 00
Cash, in office, $892,52; in
Reserve and undivided profits
1,884 61
bank, $2,664.25 __________
8,556 77
Total a s s e t s __________ $85,248 82
Total liabilities------------ $85,248 82
Disbursements for Fiscal Year.
Balance from last report----Installment shares, dues_____
I n te r e s t__________________
F e e s _____________________
Loans repaid _____________
Overdrafts and bills payable-
$1,139
9,351
7,011
15
Receipts for Fiscal Year.
86 Overdrafts and bills payable.
50 Loans
15
20 Interest
11,110 00 Dues
3.600 00
Profits
on
mortgages
and
p a id ---------------------repaid,
installment
installment
Other exp en ses-----------------Balance, cash in office and
b a n k ___________________
$32,227 71
3,696
360
368
40
90
00
92
75
3,556 77
Total disbursements------$32,227 71
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8.4 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
12,560 00
229 79
9,414 58
repaid,
S a la r ie s__________________
Total receip ts__
$ 2,000 00
61
BIPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 41.
R E D W O O D C IT Y .
SAN MATEO COUNTY BUILDING AND LOAN ASSOCIATION.
(Incorporated May 8. 1890.)
H. W. S chaberg , Secretary.
P. P. C h a m b e r l a in , President.
Fiscal year ended May 31, 1916.
No. of members and investors, 563.
No. of series, 43.
Assets,
Loans, on mortgages, $1,200.00 ; on definite contract,
$278,419.27
on
shares,
$26,595.00; on contract
sales, $1,680.52 _
$307,900
Arrearages—
On shares_$614 80
5,980 55
On interest__
6,595
Cash, in office, $267.44; in
bank, $46,104,65_________ 46,342
Beal estate owned — __ —
28,383
Furniture and fixtures
835
Advances, ledger accounts—
2,509
Total a s s e ts _
Liabilities.
Installment shares, dues_____ $239,298 00
Installment shares, profits__
82,451 86
Investment certificates, principal _
_
_________ 58,800 00
79 Advance payments _
360 21
Reserve and undivided profits 11,055 86
35
09
37
00
63
Total liabilities
__ $392,565 93
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues___
Investment certificates_____
Interest _
__
— _
Fines ---------- -------------------Fees and commissions__ ____
Loans repaid
Advances repaid, personal acco u n ts_______________ —
All other receipts, real estate,
rents, e t c . _
_ _
No. of shares, 3,906.
_ ... _ $392,565 93
Disbursements for Fiscal Year.
Loans on mortgages and
shares
$74,057 50
Dues
repaid,
installment
shares _
23,583 10
Profits repaid, installment
shares
_
________ __
13,110 78
Investment certificates, princ ip a l___ _
____
9,650 00
1,413 95 Investment certificates, dividends _ _ _ _
_ __
2,850 44
2.251 80
2,784 38 Advances, personal accountsSalaries _ ________ _ —
2,240 00
T a x e s ____ _____________
1,005 62
Other expenses _
1,752 02
All other disbursements, real
estate, etc. ___ _______ 13,183 67
Balance, cash in office and
h a n k __________________
46,342 09
$2,733
42,216
11.650
29,290
237
805
98,836
20
50
00
42
30
14
13
Total receipts__ ______ $190,027 02
Total disbursements----- $190,027 02
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
5 5 _________________________________
59__________________________________
63__________________________________
67__________________________________
71__________________________________
75__________________________________
79________________________ _______
83____________________. ___________
87____________________ ______________
91__________________________________
Age in
months.
Total dues
per share.
Book value
per share.
120
$120 00
108 00
$179
155
131
110
90
72
55
39
25
12
108
96
84
72
60
48
36
24
12
96
84
72
60
48
36
24
00
00
00
00
00
00
00
12 00
76
43
72
38
66
45
56
87
55
32
Withdrawal
value.
$171
148
127
107
30
40
02
06
88 42
71 12
53 86
39 19
24 90
12 12
62
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 42.
R E D LA N D S .
HOME INVESTMENT ASSOCIATION.
(Incorporated March 22, 1890.)
J. W arben S mith , Secretary.
W. T. B iel , President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and Investors, 715.
No. of shares, 4,476.
Assets.
Liabilities.
Ix>ans,
on mortgages, $5,000.00 ; on definite contract,
$528,495.28; on shares,
$1,685.00; on bonds, $10,700.00
$545,880 28
Cash, in office, $1,026.43; in
bank, $14,181.47__________ 15,207 90
Ileal estate owned---------------4,618 02
Furniture and fixtures---------1,300 00
Advances, ledger accounts—
10,924 44
Total assets____ ______ $577,930 64
Receipts for Fiscal Year.
Guarantee stock, capital____$ 100,000
Guarantee capital, surplus__
20,000
29,313
Installment shares, dues------installment shares, profits___
7,804
Paid-up and prepaid shares,
capital _________________ 144,396
Paid-up and prepaid shares,
dividends_______________
4,139
Investment certificates, prin
cipal ___________________ 257,763
Investment certificates, divi
dends __________________
5,163
Reserve and undivided profits
6,572
1,704
Loans due and incomplete__
Sundry ledger accounts_____
1,071
96
92
00
00
80
64
77
82
73
Tolal liabilities________$577,930 64
Disbursements for Fiscal Year.
00
c<
Balance from last report------ $6,970 07 Loans on mortgages and
7,669 50
Installment shares, dues-----shares __________________ $200,297
Paid-up and prepaid shares.
Dividends on guarantee stock 15,000
30,730 00 Dues
repaid,
installment
dues ___________________
sh a res__________________
3,544
Investment certificates_____ 228,215 08
Interest ---------------------------- 46,221 08 Profits repaid, installment
956 63
sh a res__________________
495
Fines ------------------------------1,466 50 Paid-up and prepaid shares,
F e e s _____________________
Loans repaid______________ 162,5 i l 30
capital _________________
17,700
Advances repaid, personal ac
Paid-up and prepaid shares,
944 80
divid end s_______________
9,756
counts _________________
63 Inveslnient certificates, prin
All other receipts, rents, ctc._
cipal ___________________ 191,336
Investment certificates, divi
dends __________________
13,162
Advances, personal accounts9,902
S a la r ie s----------- .--------------3,377
T a x e s ------------------------------448
Other exp en ses____________
4,454
All other disbursements------1,539
Balance, cash in office and
bank
________________
15,207
Total receipts_________ $486,223 59
28
00
00
63
00
49
79
50
70
50
40
88
52
90
Total disbursements------$486,223 59
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 8 per cent
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
00
00
63
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 43.
R IV E R S ID E .
RIVERSIDE COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated April 5, 1901.)
M. S. B owman, Secretary.
W. B. Clancy, President.
Fiscal year ended April 30, 1916.
No. of series, none.
No. of members and investors, 183.
No. of shares, 2,651.
Liabilities.
Assets.
Loans on mortgages--------------$132,900 00 Installment shares, dues___ $34,160 87
10,322 63
Cash in bank_______________ 15,783 21 Installment shares, profits—
Real estate owned__________
1,635 87 Paid-up and prepaid shares,
capital _________________ 100,600 00
Reserve and undivided profits
5,235 58
Total a ss e ts___________ $150,319 08
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues-----Paid-up and prepaid shares,
dues ___________________
I n t e r e s t---------------------------Loans repaid______________
All other receipts, real estate,
e t c . ____________________
Total receipts
Total liabilities________ $150,319 08
Disbursements for Fiscal Year.
$4,490 60 Loaus on mortgages and
sh a res__________________ $24,150 00
27,529 32
Dues
repaid,
installment
29,692 40
sh a res__________________
4,400 00
13,181 17 Profits repaid, installment
sh a res__________________
2,616 56
34,600 00
Paid-up and prepaid shares,
1,035 61
capital _________________
3,000 00
Paid-up and prepaid shares,
divid en d s_______________
7,508 50
Advances, personal accounts.
304 15
S a la r ie s__________________
1,770 34
T a x e s ____________________
205 56
Other exp en ses____________
205 98
Balance, cash in office and
b a n k ___________________
15,783 21
$85,236 70
Total disbursements___
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 71 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$85,236 70
64
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 44.
S A C R A M E N TO .
SACRAMENTO BUILDING AND LOAN ASSOCIATION.
(Incorporated August 26, 1874.)
F rank H ickman , Secretary.
Jos. H. Arnold, President.
Fiscal year ended February 29, 1916.
No. of series, none.
No. of members and Investors, 51§.
No. of shares, 5,388.
Assets
Liabilities.
Loans, on mortgages, $360,740.00; on shares, $1,800.00
$362,540 00
Arrearages on interest--------876 38
Cash in bank---------------------- 38,295 61
Furniture and fixtures--------315 50
Advances, ledger accounts—
258 80
Installment shares, dues____$139,769 73
Installment shares, profits—
32,498 01
Paid-up and prepaid shares,
capital _________________ 188,445 00
Paid-up and prepaid shares,
divid en ds________________
5,224 99
Advance paym ents_________
121 25
Reserve and undivided profits 36,227 31
Total assets---------------- $402,286 20
Receipts for Fiscal Year.
Balance from last report----- $24,192
Installment shares, dues----45,272
Paid-up and prepaid shares,
dues ___________________
87,600
Interest __________________
22,204
144
F e e s _____________________
Loans repaid______________
45,730
Overdrafts and hills payable7,000
Advances repaid, personal ac
counts _________________
35
All other receipts--------------15
Total liabilities________ $402,286 29
Disbursements for Fiscal Year.
40 Overdrafts and bills payable00 Loans on mortgages and
sh a res__________________
00 Interest p a id ______________
88 Dues
repaid,
installment
sh a r e s__________________
90
00 Profits repaid, installment
sh a res__________________
00
Paid-up and prepaid shares,
capital _________________
00
55 Paid-up and prepaid shares,
dividends_______________
Advances, personal accountsS a la r ie s__________________
T a x e s ____________________
Other exp en ses____________
Balance, cash in office and
b a n k ___________________
Total receipts__________$232,195 73
90,810 00
53 23
50,676 62
9,425 90
24,525 00
8,157
112
1,803
207
1,127
35
25
50
65
62
38,295 61
Total disbursements____$232,194 73
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$7,000 00
65
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 45.
SAN B ER N A R D IN O .
SANTA FE BUILDING AND LOAN ASSOCIATION.
(Incorporated January 8, 1890.)
J ohn F lagg, Secretary.
No. of series, 11.
J. F. P abkeb, President.
Fiscal year ended December 31, 1915.
No. of members and investors, 1,268.
Assets.
Liabilities.
Ijoans, on mortgages, $1,025,328.88; on shares,
$26,360.00; on contract
sales, $7,061.75 ________ $1,050,650
Arrearages—
On shares------- $4,006 00
On interest___ 5,120 65
On fines_______
77 80
10,113
( ’ash, in office, $861.50; in
7,081
bank, $6,210.57_________
20,467
Real estate owned-------------800
Furniture and fixtures____
Installment shares, dues---- $612,844 00
Installment shares, profits_ 105,014 05
Paid-up and prepaid shares,
63
capital ________________
4,050 00
Investment certificates, princ ip a l__________________
262,655 00
Investment certificates, dividends _________________
2,152 50
45 Reserve and undivided profits
14,217 77
Loans due and incomplete—
6,270 15
07
32
00
Total assets--------------- $1,008,112 47
Total liabilities_______$1,008,112 47
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report__
Installment shares, dues—
Investment certificates____
Interest _ — -----------------Fines ___________ _____ _
Loans repaid---- --------- —
All other receipts, real estate, e t c . _________.____
No. of shares, 13,128.
$2,575
151.286
142,405
83,503
580
176,820
26 Loans on mortgages and
shares ------- --------------- $231,642 28
00
00 Interest paid ____________
68 05
28 Dues repaid, installment
s h a r e s __ _ — _____
65
100,246 00
06 Profits repaid, installment
shares _ -------- — _
50,700 02
0,360 80 Paid-up and prepaid shares,
capital _ --------------------01,750 00
Paid-up and prepaid shares,
divid end s_— -------------5,292 80
Investment certificates, princ ip a l______________ ____
33,175 00
Investment certificates, divid e n d s ____________ _____
8,721 50
S a la r ie s_________________
3,302 25
T a x e s __________ _________
1,110 65
Other exp en ses-- -----------1,802 30
All other disbursements, real
estate, e t c .__ _______
22,468 13
Balance, cash in office and
b a n k __ —
— _____
7,081 07
Total receipts------------ $566,540 05
Total disbursements__
$566,540 05
Installment Shares, With Age, Value, and Withdrawal Value.
S eria l
N o.
26_____________
—.___ ____ _
_____________
27______________
28 ________________ _________ „
20__________________ _____________
3 0 ________________ ______________
_____
31__________________ ____
32__________________ _____________
33__________________ _____________
34__________________ _____________
35__________________ _____________
5— 25127
Age In
months.
120
108
06
84
72
60
48
36
24
12
T o t a l dues
p er share.
Book value
per share.
$120
108
06
84
72
60
48
36
24
12
$103
165
130
116
05
75
57
41
26
12
00
00
00
00
00
00
00
00
00
00
24
42
04
61
28
69
78
87
35
60
W ith d ra w a l
value.
$193
162
137
113
90
20
12
75
35
60
53
38
25
12
86
60
15
30
70 95
66
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 46.
S A N D IE G O .
SAN DIEGO BUILDING AND LOAN ASSOCIATION.
(Incorporated July 14, 1S8S.)
J. R. B eardsley, Secretary.
W. R. R ogers, President.
Fiscal year ended June 30, 1916.
No. of series, 22.
No. of members and investors, 431.
No. of shares, 2,931.
Assets.
Liabilities.
Loans, on mortgages, $279,150.00;
ou
shares,
$285,040
$5,890.00 _______
Arrearages—
On shares _
$1,203 00
On interest____ 1,341 80
2,544
Cash in bank— ----------------- 13,331
1,584
Real estate owned —
---Furniture and fixtures
_ _
375
Advances, ledger accounts—
3
Total assets —
Installment
Installment
00 Investment
! cipal
Investment
SO
72
81
00
00
_ — $302,879 33
shares, dues____ $156,624
shares, profits___ 39,884
certificates, prin____
____ 92.900
certificates, divi(lends
2,762
Advance payments
_ ____
641
Reserve and undivided profits
9,366
AH other liabilities, tax reserve
_____ _
700
00
85
10
77
00
Total lia b ilities---------- $302,879 33
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues
Investment certificates
_ _
Interest — ------------- —
Fines _
Fees
_
_
Loans repaid _ - _
Advances repaid, personal nocounts
_
-------—
All other receipts, rents, etc.
00
61
Overdrafts and bills payableLoans on mortgages and
shares
_
_ _
Interest paid
_
------Hues
repaid,
Installment
shares
.
_ _
__
Profits repaid, jnstallment
s h a r e s __ _____ _________
20 00 Investment certificates, prin170 50
c ip a l__ _____
_ ____
Investment certificates, divi
dends ___ _________—
Salaries
------- -----------T a x e s ____
____________
Other ex p en ses___ _____ —
All other disbursements, real
estate, e t c ._____ _______
Balance, cash in office and
b a n k ________________ __
$6,664
30,425
14,300
20,430
151
49
58,425
01
00
00
35
10
50
00
Total receipts--------------- $136,630 09
$ 8,000 00
45,415 00
540 50
37,682 00
10,985 57
11,800 00
5,350
1,800
1,294
273
15
00
65
99
156 51
13,331 72
Total disbursements----- $136,636 09
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
___
25__________________ ______
____ —
27_____ _
—
_______
__
2 9 ___ __________ _
_
31__ _______________________
33________________________________
35_______ — - - ___
37____________
— ._____________
3 9 ___________ ____ ___ ______
4 1 ___ ___ ________ _____________
43 _______________ ______ _____
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share,
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Rook value
per share.
$169 15
147 31
126 33
106 63
88 16
70 89
54 75
39 67
25- 58
12 37
Withdrawal
value.
$149 79
132 11
115 04
98 56
82 68
67 40
52 72
38 64
25 16
12 28
67
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 47.
SAN DIEGO.
SILVER GATE BUILDING AND LOAN ASSOCIATION.
(Incorporated May 22, 1890.)
II. A. Cbggjian, Secretary.
No. of series, 22.
M. A. G raham, President.
Fiscal year ended May 31, 1916.
No. of members and investors, 253.
No. of shares, 3,128.
Assets.
Liabilities.
I.usuis, on mortgages, $204,020.00; on shares, $30,4 10.00___________________ $244,030 00
Arrea rages—
On shares________ $40,S 00
On interest_________231 00
On fines_________ 173 78
----------002 78
( ‘ash, in office, $4,147.00; in
bank, $20,078.83 ________ 33,225 iso
Installment shares, dues___ $100,308 00
Installment shares, profits----- 37,341 34
Investment certificates, prin
cipal ___________________
21,330 OO
Reserve and undivided profits
1.170 S3
Loans due and incomplete__
1,237 30
Total assets
Total liabilities________$277,807 07
$277,807 07
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report___ $14,073 00 Loans on mortgages and
38.433 00
Installment shares, dues__
sh a res__________________ $31,238 50
83 43
Interest __________________
10,028 30 Interest p a id ______________
repaid,
installment
Pines _________________
3 00 Dues
33 00
sh a res_______________
32,751 00
Fees __________________ _
Loans repaid______________
30,002 00 Profits repaid, installment
10,103 04
All other receipts_______
43243 sh a res__________________
Investment certificates, divi
dends ________
1,203 00
S a la r ie s__________________
887 32
T a x e s ____________________
2,700 00
Other exp en ses____________
33 00
All other disbursements_____
173 78
Balance, cash in office and
h a n k ___________________
33,225 SO
Total receipts--------------- $112,570 00
Total disbursements___ $112,570 00
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
23—
____ g______________
_
25________
_
_
_
27--------------- —
___________ -
____________ _______________
37
_________
-
_____
_________
41__________________________________
Age in
months.
120
108
06
84
72
00
48
30
24
12
Total dues
per share.
$120 00
108 00
06 00
84
72
60
48
36
24
OO
00
00
00
OO
OO
12 00
Book value
per share.
$108 35
145 08
125 18
105 50
87 00
70 56
54 58
30 03
25 60
12 41
Withdrawal
value.
$150 00
134 55
115 20
OS 70
82 80
67 50
52 80
38 70
25 20
12 30
68
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 48.
SAN FR A N CISCO .
ARGONAUT MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated January 31, 1891.)
B . M . S t ic h , Secretary.
B . M . G u n z b u b g e b , President.
Fiscal year ended February 14, 1916.
No. of members and investors, 67.
No. of series 9.
Liabilities.
A s s e ts .
Loans, on mortgages, $36,150.00;
on shares, $2,350.00
$38,500
Arrearages—
On shares_____ $1,043 00
On interest____ 1,705 70
On premium___
730 05
4.148
4,914
('ash in b a n k - __
Real estate owned__
___
3,042
Advances, ledger accounts—
2,181
No. of shares, 321.
Installment shares, dues____ $17,1(50 00
Installment shares, profits__
4,947 58
00 Advance paym ents_________
35 95
Overdrafts and bills payable14,500 00
Reserve and undivided profits
15,820 87
Sundry ledger accounts____
320 90
All oilier liabilities_________
1 25
35
34
91
01
Total a s s e t s --------------- $52,786 61
Receipts for Fiscal Year,
Balance from last report-----$561 24
Installment shares, dues----3,896 00
Interest
_
__
_ _ _
2,66 L 46
P re m iu m s
.
___
1.001 4 5
3 40
Fees _
— —
_ _
Loans r e p a id ___
10,050 00
Advances repaid, personal ac
638 32
counts
. ________
Total receip ts-------------- $18,811 87
Total liabilities------------ $52,786 61
Disbursements for Fiscal Year.
Overdrafts and bills payablefxians on mortgages and
sh a res__________________
Interest p a id --------------------Dues
repaid,
installment
sh a res__________________
Profits repaid, installment
sh a res__________________
Advances, personal accountsS a la r ie s__________________
T a x e s ____________________
Other exp en ses____________
Balance, cash in office and
b a n k ___________________
Total disbursements___
$1,000 00
5,150 00
801 84
3,013 00
584
1,478
1,360
285
223
45
69
00
02
03
4,914 34
$18,811 87
Installment Shares, With Age, Value, and Withdrawal Value.
S erial
' No.
10 __________________________________
17__________________________________
19 ________________________________
20 ________________________________
21 ________________________________
22 ________________________________
23 ________________________________
24 ________________________________
25 ________________________________
Age In
m onths.
120
108
84
72
60
48
36
24
12
T o ta l dues
p er share.
$120
108
84
72
60
48
36
24
12
00
00
00
00
00
00
00
00
00
Book value
p er share.
$183
158
112
92
73
56
40
26
12
51
02
56
34
66
48
64
04
52
W ith d ra w a l
value.
$167
143
101
83
63
01
13
18
66 83
52 24
38 32
25 02
12 26
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
69
No. 49. SAN FR AN CISCO .
BAY CITY BUILDING AND DOAN ASSOCIATION.
(In corp orated M ay 9, 1889.)
B . M.
(Junzbubgeb, S ecretary.
N o. o f series, 10.
B e n j . M. S t ic h , P resid en t.
F isc a l y ea r ended M ay 22, 1916.
N o. o f m em b ers a n d in v esto rs, 67.
N o. o f sh a res, 367.
Assets.
Loans, on mortgages, $50,000.00; on shares, $400.00;
on contract sales, $6,170.85 $57,470
Arrearages—
On shares-.-. — $1,103 OO
On interest- . . 1,OSO 04
On iireniiuiu - 404 30
2.737
fash, in office, $105.80; in
3.822
bank. $3.716.68____
Real estate owned__________
3,082
Advances, ledger accounts__
2,413
Liabilities.
Installment shares, dues--------- $10,452 00
Installment shares, profits___
5,093 85
85 Advance payments_________
106 40
Overdrafts and bills payable- 22,330 «0
R eserve mid undivided profits 21,877 02
Sundry ledger accounts_____
403 07
All other liabilities, suspense,
______ _____ ____
271 63
34
48
10
10
Total assets--------------------- $70,434 87
Receipts for Fiscal Year.
Balance from last report------Installment shares, does___
Interest---------- ----------------------Premiums ________________
F e e s ------------------------------Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal ac
counts —
All other receipts, real estate,
Total liabilities--------------- $70,434 87
Disbursements for Fiscal Year.
Overdrafts and bills payable- $3,000 00
Loans on mortgages and
3,000 00
shares __________________
Interest p a id______________
840 .85
Dues
repaid,
installment
2,850 Of)
shares __________________
Profits repaid, installment
shares __________________
676 44
982 28 Advances, personal accounts1,(501 73
Salaries __________________
1,287 50
267 35 Ta x e s ____________________
468 21
Other expenses----------------------24S 81
All other disbursements, real
564 00
estate, etc.______________
Balance, cash in office and
b a n k ___________________
3,822 48
$75
4,610
4,206
1,573
4
4.650
2.000
47
00
02
10
30
00
00
Total receipts------------------- $18,368 52
Total disbursements------- $18,368 52
Installment Shares, With Age, Value, and Withdrawal
Serial
Age in
Total dues
No,
months.
per share.
18—————————————————
——————————
120
$120 00
10__________________________________
108
108 00
20__________________________________
96
06 00
21__________________________________
84
84 00
22__________________________________
72
72 00
23__________________________________
60
60 00
24____—__——_____- _________ _______
48 00
48
36 00
25__________________________________
36
26__________________________________
24
24 00
12
12 00
27__________________________________
Value.
Book value
per share.
$188 73
162 06
137 44
114 76
93 84
74 66
57 05
40 91
26 10
12 52
Withdrawal
value.
$171 54
145 84
122 93
102 45
84 01
67 33
52 52
38 45
25 05
12 26
70
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 50.
SAN FRAN CISCO .
BAY VIEW BUILDING AND LOAN ASSOCIATION.
(Incorporated November 11, 1911.)
Tntso. B anmemkr, Secretary.
J as. Allan, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 64.
No. of shares, 616.
Assets.
Liabilities.
Loans on definite contract__ $24,739 58 Installment shares, dues------ $15,718 42
( ’ash, in office, $48.52; in
Installment shares, profits---1,483 25
204 60 Paid-up and prepaid shares,
bank, $156.08
305 45
Heal estate owned _
capital _________________
6,900 00
Advances, ledger accounts__
29 79 Paid-up and prepaid shares,
dividends
______
339 03
Overdrafts and hills payable600 00
Reserve and undivided profits
238 72
Total assets ____
_
$25,279 42
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balain-e from last report----Installment shares, dues___
Paid-up and prepaid shares,
dues _ _
—
_ —
Interest _
Fines _
'
___ ______
Fees _____________________
Loans repaid
Overdrafts and hills payableAdvances repaid, personal aec o u n ts_
___ _
Total receipts__
Total liabililies________ $25,279 42
$107 21 Overdrafts and bills payable9,932 42 Loans on mortgages and
shares __________________
f>,350 00 Interest p a id ______________
1.552 71 Dues
repaid,
installment
1 60
shares ---------------------------72 70 Profits repaid, installment
3.K5.1 25
shares __________________
1.100 00 Advances, personal accountsT a x e s ____________________
95 10 Other expenses ____________
All other disbursements
Balance, cash in office and
bank
_ _ _ .
$23,066 99
Total disbursements. _
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year. 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
$500 00
18,437 91
16 41
3,518 00
95 88
124 89
22 60
143 70
3 00
204 60
$23,066 99
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 51.
71
SAN FR A N CISCO .
CALIFORNIA HOME BUILDING-LOAN COMPANY.
(Incorporated July 8, 1889.)
R. L. JI andy, Secretary.
No. of series, none.
P. B. R oberts, President.
Fiscal year ended June 30, 1916.
No. of members and investors, 408.
Assets.
Liabilities.
Loans on mortgages, $516,825.56; on shares, $24,391.00; on contract sales,
$33,311.80 ______________ $574,528
Arrearages on interest--------608
Cash, in office, $1,756.50; in
23,249
hank, $21,493.16 ________
34,040
Real estaie owned__________
Furniture and fixtures--------1,828
Advances, ledger accounts---8,863
Other assets: Trustee fees,
etc. ____________________
1,405
Total assets.
No. of shares, 1,714.
36
95
66
75
00
17
91
____$644,519 80
Receipts for Fiscal Year.
Guarantee stock, capital____ $37,500 00
Guarantee stock, surplus-----6,458 80
Installment shares, dues_____ 26,977 80
Installment shares, profits__
6,887 77
Paid-up and prepaid shares,
capital -------------------------50,550 00
Paid-up and prepaid shares,
d ivid en d s_______________
9,503 15
Investment certificates, prin361,387 44
luvestment certificates, divi
dends __________________
13,636 27
Overdrafts and bills payable. 119,742 38
Reserve and undivided profits
2,348 61
Loans due and incomplete---6,656 74
Sundry ledger accounts------995 84
All other liabilities, guarantee
dividends u n p a id ________
1,875 00
Total liabilities________ $644,519 80
Disbursements for Fiscal Year.
Balance from last report____ $11,153 10 Overdrafts and billspayable. $54,016
Installment shares, dues------5,106 00 Loans on mortgages and
sh a res________ __________ 183,615
Investment certificates--------- 184,874 50
In te r e s t__________________
54,755 71 Interest p a id _______
8,530
Premiums, expense fund_____
1,701 70 Dividends on guarantee stock
3,750
272 75 Dues
repaid,
installm ent
Loans repaid______________ 204,027 62
3.660
sh a res____________
Overdrafts and bills payable. 26,534 44 Profits repaid, Installment
Advances repaid, personal ac
sh a res____________
811
16,762 50 Paid-up and prepaid shares,
counts _________________
All other receipts, real estate,
capital _________________
1,300
14,767 93 Paid-up and prepaid shares,
divid en d s_________
3,385
Investment certificates, prin
cipal ___________________ 157,939
Investment certificates, divi
dends ---------------------------- 16,177
Advances personalaccounts.
19,285
S a la r ie s____________
9,780
T a x e s ______________
2,029
Other exp en ses--------5,154
All other disbursements, real
estate, e t c .________ 26,669
Balance, cash in office and
b a n k _____________
23,249
Total receipts__________$519,956 25
25
30
00
00
63
00
89
34
43
55
00
87
76
90
66
Total disbursements------ $519,956 25
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, 60 cents per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus profits, as per by-laws.
67
72
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 52.
SAN FR AN CISCO .
CALIFORNIA MUTUAL SAVINGS FUND LOAN AND
BUILDINCr ASSOCIATION.
(Incorporated March 26, 1887.)
W. E. B outon, Secretary.
R ichabd I. W iieuan , President.
Fiscal year ended March 31, 1916.
No. of series, 21.
No. of members and investors, 99.
No. of shares, 1,161.
Assets.
Loans, on mortgages, $23,250.00; on definite contract,
$27,452.59; on shares, $5,225.00; on contract sales,
$4,973.63 _______________ $60,901
Arrearages—
On shares------------ $5 00
On interest---------- 127 68
132
Cash, in office, $51.25; in
877
bank, $626.69 ----------------80
Real estate owned--------------285
Advances, ledger accounts—
Liabilities.
Installment shares, dues------- $35,001 00
4,533 36
Installment shares, profits---Advance paym ents_________
210 00
Overdrafts and bills payable12,300 00
22 Reserve and undivided profits
7,626 58
Loans due and incomplete—
2,0(X> 00
All other liabilities, accrued
interest, e t c . ____________
406 49
68
94
00
59
Total a sse ts___________ $62,077 43
Receipts for Fiscal Year.
$1,654
Balance from last report----Installment shares, dues------11,058
4,090
Interest _ ------------------—
47
Fines ____________________
26
Fees
— ---------------Loans repaid------------;--------7,907
7,800
Overdrafts and bills payableAdvances repaid, personal ac58
counts _
— —
---32
All other receipts---------------
Total liabilities------------ $62,077 43
Disbursements for Fiscal Year.
24
10
95
29
40
26
00
Overdrafts and bills payableLoans on mortgages and
sh a res__________________
Interest p a id ______________
Dues
repaid,
installment
sh a res__________________
Profits repaid, installment
sh a res---------------------------77 Advances, personal accounts00 S a la r ie s __________________
T a x e s ____________________
Other expenses____________
All other disbursements, real
estate, e t c .______________
Balance, cash in office and
b a n k ___________________
$8,500 00
15,525 00
797 06
<5,746 (X)
1,065
69
1,115
221
124
71
07
00
94
65
832 64
677 94
Total disbursements____$32,675 01
Total receipts__________ $32,675 01
Installment Shares, With Age, Value, and Withdrawal Value.
S eria l
N o.
4 9 ____________________________________
Age In
m onths.
114
96
72
60
48
36
24
12
T o t a l dues
p er share.
00
00
00
00
00
00
00
12 00
$114
96
72
60
48
36
24
Book value
per share.
W ith d ra w a l
value.
$158 78
126 70
88 24
70 80
54 49
39 44
25 52
12 39
Dues plus
profits,
as per
by-laws.
73
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 53.
SAN FR A N CISCO .
CITIZENS’ BUILDING AND LOAN ASSOCIATION.
(Incorporated January 14, 1885.)
F b e m o n t W ood ,
No. o£ series, 45.
Secretary.
M. G a r d i n e r , President.
T homas
Fiscal year ended February 9, 1916.
No. of members and Investors, 1,262.
Liabilities.
Assets.
Loans, on definite contract,
$457,573.83; on shares,
$8,730.00; on contract sales,
$8,547.24 ________________$474,856
Arrearages—
On shares______ $040 90
On interest____ 5,364 40
On fines________ 2,171 60
------------8,485
Cash, in office, $1,000.00; in
bank, $18,830.03_________
19,830
Real estate owned--------------- 28,491
400
Furniture and fixtures--------Advances, ledger accounts__
1,695
Installment shares, dues------- $282,302 00
Installment shares, profits__
74,845 15
Investment certificates, prin
cipal ___________________
1,172 00
07
Overdrafts and bills payable. 138,995 80
Reserve and undivided profits 24,059 63
Loans due and incomplete__
11,046 58
Sundry ledger accounts_____
193 91
1,144 18
90 All other liabilities_________
03
87
00
83
Total assets---------------- $533,759 20
Total liabilities------------ $533,759 20
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues_____
Interest ---------------------------Fines _____________
No. of shares, 7,761.
Disbursements for Fiscal Year.
$3,110
63,955
36,437
817
110
L oansrepaidT __II—I I I I —I 154,675
Overdrafts and bills payable. 105,032
Advances repaid, personal ac
counts ---------------------------4,124
All other receipts, real estate,
etc. ____________________
4,432
02 Overdrafts and bills payable. $91,324 52
90 Loans on mortgages and
61
sh a res__________________ 130,872 50
92 Interest p a id ______________
643 61
A K Dues
repaid,
installment
62
sh a res__________________
85,395 60
42 Profits repaid, installment
sh a res__________________
31,410 97
50 Advances, personal accounts.
3,673 69
S a la r ie s__________________
4,224 70
94 T a x e s ____________________
877 19
Other expenses-----------------1,909 42
All other disbursements, real
estate, e t c .______________
2,537 15
Balance, cash in office and
b a n k ___________________
19,830 03
Total receipts--------------$372,699 38
Total disbursements____$372,699 38
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
84_________________ ______ ____
88 - ________ - _____________
92 .
. . _____ . .
__
—
96____
______ . . ____ .
100____
____ . . _____________
104. . . . . —
________
_________
108.
— ____ —
112_________________ _____________
116_________________ _____________
1 2 0 ________________ _____________
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$167 81
145 87
125 45
106 12
88 56
71 58
55 45
40 23
25 90
12 50
Withdrawal
value.
$155 82
135 75
118 08
100 58
84 39
68 68
53 58
39 17
25 42
12 37
74
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 54.
SAN FR AN CISCO .
EMPIRE BUILDING AND LOAN ASSOCIATION.
{Incorporated August 24, 188®.)
W. E . B o u t o n , Secretary.
M a r io n L e v e n t r it t ,
Fiscal year ended August 31, 1915.
No. of members and investors, 59.
No. of series, 20.
Assets.
_ _
Installment shares, d u es ___ $34,170 00
Installment shares, profits___
8,116 83
Advance payments______ _
45 00
47 Overdrafts and bills payable9,500 00
Reserve and undivided profits
5,811 38
5,845 00
Loans due and incomplete__
Sundry ledger accounts_____
12 90
41 All other liabilities, interest
83
on bills payable- - ___
47 50
90
_ $63,548 61
Total liabilities___
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues------Interest
_
_ —
---Premiums and p en a lties-----Fines
_ _
— ---F e e s __ __
__ __
I^oans repaid _ _ _
Overdrafts and hills payableAdvances repaid, personal aecounts ______________
Total receipts- _
No. of shares, 707.
Liabilities,
Loans, on mortgages, $50,500.00: on definite contract,
$10.302.08; on contract
sales, $2,024.39 _________ $62,016
Arrearages—
On shares
__ _ $10 00
On interest
_ 461 41
471
101
Cash in hank _ -------58
Advances, ledger accounts__
Total assets
President.
$63,548 61
Disbursements for Fiscal Year.
$232
7,181
4,576
244
1
16
11.990
2,500
78
20
45
18
15
90
94
00
Overdrafts and bills payableLoans on mortgages and
shares —
— _______
Interest paid —
— ---- --Dues
repaid,
installment
sha res
__
Profits repaid, installment
shares
---- _
_ — _
Advances, personal accounts139 92 Salaries
______ _____Taxes _
______________
Other exp en ses---- ----Balance, cash in office and
hank ____ _ ---- --- _
Total disbursements-----
$26,883 52
$8,800 00
8,659 54
850 05
6,293 00
24o
114
1,062
499
260
08
12
50
30
10
101 83
$26,883 52
Installment Shares, With Age, Value, and Withdrawal Value.
N o.
_____—
_
17___
__________
_______
_
18_________________
—
_
19__________
_____ _
___ —
20_____________ ___
_____ __
2 1 ______________
—
_____
26_____________ —
3 2 _____________ - - _ _______ „
_____—
37
40_______________ — ______________
Age in
months.
120
108
96
84
72
54
36
21
12
T o ta l dues
per share.
Book value
p er share.
$120
108
96
84
72
54
36
$165
145
125
106
OO
00
00
00
00
00
00
2 1 00
12 00
88
63
40
22
12
74
09
34
50
55
35
19
45
45
W ith d ra w a l
value.
Dues plus
profits,
as per
by-laws.
75
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 55.
SAN FR A N CISCO .
EUREKA BUILDING AND LOAN ASSOCIATION.
(Incorporated November 3, 1890.)
W m. E. B outon, Secretary.
Geo. F rederick, President.
Fiscal year ended October 31, 1915.
No. of series, 13.
No. of members and investors, 63.
No. of shares, 775,
Liabilities.
Assets.
Loans, on mortgages. $37,02S.6O; on shares,$77*0.00- $37,778
Arrearages—
On shares______ $148 HO
On interest____ 1,134 40
-------------1,282
420
('ash in hank______________
Advances, ledger accounts__
308
00
5)0
00
15
Total a ss e ts___________ $30,790 37
Installment shares, dues------- $22,740 60
Installment shares, profits—
5,542 68
Advance payments-------------73 55
Overdrafts and bills payable8,300 00
Reserve and undivided profits
1,084 5)5
Jamns due and incomplete---1,075 00
All other liabilities, interest
on hills payable__________
73 50
Total liabilities™..... ..
Receipts for Fiscal Year.
Bala nee from last report___
Installment shares, dues _ _
In te r e s t__________________
Premiums and penalties------Fines
— ________ _ _
F e e s _____________________
Loans repaid--------------------Overdrafts and bills payable.
Advances repaid, jjersonal accotints _ _
All other receipts__________
Total receipts
_
$30,790 37
Disbursements for Fiscal Year.
$302
6,330
2,793
238
2 1 Overdrafts and bills payable-
40 Loans on mortgages and
sh a res__________________
31
25 Interest p a id ---------------------22 94 Dues
repaid,
installment
sh a res---------------------------38 20
19,248 91 Profits repaid, installment
sh a res__________________
7,550 00
Advances, personal accounts.
224 90 S a la r ie s __________________
Go 54 T a x e s ____________________
Other exp en ses____________
Bala nee, cash in office and
b a n k ___________________
_ _ $36,814 66
$7,750 00
20,017 50
546 97
4,872 00
1,746 68
511 05
744 00
91 73
113 17
420 66
Total disbursements____ $36,814 66
Installment Shares, With Age, Value, and Withdrawal Value.
Age in
m onths.
28
MO
34_______________ _________________
MO
38__ ____ ________ _______ _______ __
39 ____________________ _______
40_
42_________________
_ . _____
44________ __________ _________ ____ _
132
120
84
72
60
48
36
24
12
T o t a l dues
per share.
Book value
per share.
$132
120
84
72
00
48
36
24
12
$182
160
103
86
69
54
39
25
12
00
00
00
00
00
00
00
00
00
56
63
64
31
90
33
60
61
40
W ith d ra w a l
value.
Dues plus
profits,
as per
by-laws.
76
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 56.
SAN FR AN CISCO .
FIDELITY BUILDING AND LOAN ASSOCIATION.
(Incorporated March 19, 1887.)
W. E. B outon, Secretary.
W m . A. B abbage, President.
Fiscal year ended March 31, 1916.
No. of series, 33.
No. of members and investors, 176.
No. of shares, 2,229.
Assets.
Liabilities.
Loans, on mortgages, $82,850.00; on definite contract,
$73,783.01; on shares, $5,015.00; on contract sales,
$11,116.44_______________$173,665
Arrearages—
On shares_____ $155 00
On interest____ 2,785 08
On premium___
10 00
-------------2,950
Oasli. in office. $64.05; in
hank, $1,379.51 __________
1,443
173
Furniture and fixtures--------Other a s s e t s --------------------1
Installment shares, dues_____ $73,050
Installment shares, profits__
17,758
Advance paym ents_______________ 44
Overdrafts and hills payable- 53,000
35 Reserve and undivided profits 22,536
11,443
lioans due and incomplete__
All other lia hi lilies_________
401
98
56
20
00
Total assets-----------------$178,234 09
Total liabilities------------ $178,234 09
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues------
Interest __________________
Premiums_________________
Fines ____________________
Fees _____________________
Loans repaid--------------------Overdrafts and bills payableAdvances repaid, personal ac
counts _________________
00
09
58
00
36
54
52
Disbursements for Fiscal Year.
$847 38 Overdrafts and bills payable- $15,650 00
19,046 70 Loans on mortgages and
13,306 79
48,546 46
sh a res__ _______________
120 00 Interest p a id ______________
3,307 24
191 70 Dues
repaid,
installment
69 90
sh a res__ _______________
17,786 00
47,096 24 Profits repaid, installment
13,650 00
sh a res__________________
4,216 98
Advances, personal accounts939 01
798 31 S a la r ie s__________________
1,940 00
T a x e s ------------------------------948 76
Other exp en ses-----------------349 01
Balance, cash in office and
b a n k ___________________
1,443 56
Total receip ts_________ $95,127 02
Total disbursements___
$95,127 02
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
30________________ - __________
32- ___________ — .- ___________
34_____________ —
_ - —
— —
36___________________ „
—
—
.39___________________
—
43_________________ —
______
—
—
47______________
—
51___________________ ______________
55___________________ ______________
59___________________ — __________
Age in
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96
84
72
60
48
36
24
12
00
00
00
00
00
00
00
OO
Boot value
per share.
$183
159
136
115
95
76
58
41
26
12
52
50
74
23
00
01
29
82
62
63
Withdrawal
value.
Dues plus
profits,
as per
by-laws.
77
REPORT ON BUlLDINfi AND LOAN ASSOCIATIONS.
No. 57.
SAN FRAN CISCO .
FRANKLIN MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated October 20, 1906.)
B. F edde, Secretary.
No. of series, none.
Otto F. E. B urmeistek, President.
Fiscal year ended December 31, 1915.
No. of members and investors, 243.
No. of shares, 3,227.
Assets.
Liabilities.
Loans, on mortgages, $51,<>77.1)2 : on definite contract,
$160,S06.70______________$212,484
Arrearages on interest_____
1,562
Canli, in office, $1,511.99; in
bank, $ 1 1 4 .1 6 ___________
1,626
100
Furniture and fixtures______
Advances, ledger accounts---134
Installment shares, dues____ $111,640 05
I Installment shares, profits___ IS,820 92
02 l ’aid-up and prepaid shares,
51
capital _________________
27,500 00
Paid-up and prepaid shares,
15
divid en d s_______________
685 75
00 Advance paym ents_________
52 81
30 Overdrafts and bills payable- 50,000 00
Reserve and undivided profits
5,755 20
1,000 00
Loans due and incomplete__
All other liabilities, accrued
interest ________________
452 85
Total assets-----------------$215,907 58
Receipts for Fiscal Year,
Balance from last report___
Installment shares, dues_____
Paid-up and prepaid shares,
dues ________
Interest __________________
Fees _ _ ___ u_. _ _______
Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal ac
counts _________
All other receipts, rents, eto._
Total liab ilities________ $215,907 58
Disbursements for Fiscal Yeai.
$6,272 31 Overdrafts and hills payable25,536 90 Loans ou mortgages and
shaves __________________
500 00 Interest p a id ____ _________
repaid,
installment
14,601 98 I Pies
468 08
shares __________________
50,128 05 Profits repaid, installment
7,000 00
sh a res__________________
Paid-up and prepaid shares,
505 30
capital _________________
115 00 Paid-up and prepaid shares,
d ivid en d s_______________
Advances, personal accountsS a la r ie s __________________
T a x e s ____________________
Other expenses____________
All other disbursements, ap
praisals, e t c .-----------------Balance, cash in office and
b a n k ___________________
Total receipts__________ $105,127 42 ,
60,045 00
2,934 18
21,009 33
3,344 67
2,100 00
1,454
636
2,387
155
1,195
20
05
00
10
74
240 00
1,626 15
Total d isb u rsem en ts--- $105,127 42
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 5 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$8,000 00
78
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 58.
SAN FR AN CISCO .
GLOBE MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 30, 1898.)
A. R. K noll , Secretary.
F rank O t is , President.
Fiscal year ended March 31, 1916,
No. of members and investors, 148.
No. of series, 19.
Assets.
No. of shares, 3,155.
Liabilities.
Loans, on mortgages, $111,Installment shares, dues------- $30,930 20
703.30; on shares, $3,Installment shares, profits__
8,003 32
0 4 0 .0 0 __________________ $115.043 30 Paid-up and prepaid shares,
Arrearages—
capital _________________
05,200 00
On shares______ _$133 10
I'aid-up and prepaid shares,
On interest_____ 571 47
dividends_______________
2,008 00
----------------------- 70457Advance paym ents_________
500 90
Cash in bank______________
4,078 40 Reserve and undivided profits 12,962 17
Real estate owned__________
2,070 33 Ijoans due and incomplete___
715 22
33 50 All other liabilities, tax re
Advances, ledger accounts__
2,210 35
serve, e t c .----------------------Total assets___________ $123,310 10
Total liabilities________ $123,110 16
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues_____
Interest ---------------------------Premiums, b o n u s__________
Disbursements for Fiscal Year.
$2,084
0,592
10,355
233
65 Overdrafts and hills payable15 Loans ou mortgages and
59
sh a r e s__________________
25 Interest p a id ______________
Fines ______________________
Fees _______________________
103 05 Dims
repaid,
installment
14 40
sh a res__________________
Loans repaid______________
Overdrafts and hills payableAdvances repaid, personal ac
counts __________________
All other receipts, rents, etc.
38,039 94 Profits repaid, installment
2,500 00
siu ires______________ ’----Pa id-up and prepaid shares,
0 SO divid en d s_______________
54 31 Investment certificates, prin
cipal ___________________
Investment certificates, divi
dends __________________
S a la r ie s __________________
T a x e s ------------------------------Other exp en ses____________
AH other disbursements, real
e s t a t e __________________
Balance, cash in office and
b a n k ___________________
Total receip ts_________ $01,484 74
$2,500 00
22,423 52
28 81
876 60
323 00
5,155 05
20,340 00
1,034 98
1,425 00
86 55
541 84
2,090 33
4,078 40
Total disbursements____$01,484 74
Installment Shares, With Age, Value, and Withdrawal Value.
Aee In
months.
Serial
No.
3t
33_____ _____________________
35 ________________ „
______
37
41
43
4£ni
..
.................
..
........._ .
47__________________________________
108
96
84
72
60
48
30
24
12
Total dues
per share.
$54
48
42
36
30
24
18
00
00
00
00
00
00
00
12 00
6 00
Book value
per share.
$77
60
55
46
36
28
81
62
20
08
83
27
20 00
13 03
6 25
Withdrawal
value.
$73
62
51
43
34
26
19
32
34
02
90
31
62
86
40
77
6 20
79
BIPO ET ON BUILDING AND LOAN ASSOCIATIONS,
No. 59. SAN FR A N CISCO .
HOME MUTUAL DEPOSIT LOAN COMPANY.
(Incorporated November 30, 1885.)
Secretary.
eo.
M. M
Assets.
,
President.
No. of shares, 874.
54
45
00
00
Total assetsl__________ $251,904 09
Receipts for Fiscal Year.
Total lia b ilitie s_______$251,904
11 $ 8 8
63
47
Guarantee stock, capital___ $25,000
Guarantee stock, surplus and
divid en d s_______________
2,840
Installment shares, dues_____ 25,228
Installment shares, profits__
10,531
Paid-up and prepaid shares,
capital _________________
49,077
Paid-up and prepaid shares,
divid en d s_______________ '
1,202
Investment certificates, prin
cipal ___________________
05,512
Investment certificates, divi
dends __________________
3,002
Overdrafts and bills payable- 34,900
Reserve and undivided profits 19,705
Loans due and incomplete---13,055
All other liabilities, tax re
serve ___________________
587
8
Liabilities.
Loans, on definite contract,
$244,900.57; on shares, $1,110 .00 ; on contract sales,
$1,551.06 _____________ — $247,657
Arrearages oil interest___
1.528
Gash, in office, $399.08; in
bank, $383.46 „ _
782
Real estate owned________
1,478
Furniture and fixtures___
100
Advances, ledger accounts357
Disbursements for Fiscal Year.
8
8
2
g fcs
8
$2,577 71 Overdrafts and billspayable- $53,000
7.034 25 Loans on mortgages and
sh a res____________ 7S,742
13,250 00 Interest p a id ________
1,207
3,750
21, .830 47 Dividends on guarantee stock
18,973 50 D u o s
repaid,
installment
235 80
sh a res____________ 14,823
08,062 09 Profits repaid, installment
87,000 00
sh a res____________
4,357
Paid-up and prepaid shares,
5,567 10
capital _________________
3.170
Paid-up and prepaid shares,
divid en d s_________
2,020
Investment certificates, prin
cipal ___________________
53,396
Investment certificates, divi
dends __________________
2,404
Advances, personalaccounts2,737
S a la r ie s ____________
3,540
T a x e s ______________
112
Other expen ses_____
1,269
All other disbursements, office
outfit __________________
55 35
Balance, cash in office and
b a n k _____________
782
54
£
S
Kalauee from last report___
Installment shares, dues _ _
Paid-up and prepaid shares,
dues ___________________
Investment certificates_____
Interest __________________
Fines ____________________
Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal aecounts :_________________
it c h e l l
fe §
No. of series, none.
G
Fiscal year ended December 31, 1915.
No. of members and investors, 199.
3.8§g§
noll,
I 8! $
A. R . K
Total receipts--------------- $225,437 01
Total disbursements------$225,437 01
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1,00 per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus 95 per cent of profits.
80
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 60.
SAN FR A N CISCO .
MECHANICS BUILDING AND LOAN ASSOCIATION.
(Incorporated January 6, 1891.)
W. B. B outon, Secretary.
No. of series, 23.
F bederick F ilmobe, President.
Fiscal year ended December 31, 1915.
No. of members and investors, 67.
No. of shares, 901.
Assets.
Liabilities.
Ijoans on mortgages, $72,Installment shares, dues__ __ $37,769 00
8,794 41
Installment shares, profits___
800.00; on definite con
Advance paym ents_________
26 45
tract, $8,571.99; on shares,
$ 9 5 0 . 0 0 __ —
- $82,321 90 Overdrafts and bills payable- 29,500 00
304 65 Reserve and undivided profits
6,602 94
Arrearages on interest___ __
Cash in bank__
_ _____
219 33 All other liabilities, accrued
Advances, ledger accounts—
43 50
interest, e t c . __ _________
196 67
Total a s s e t s - ------------
$82,889 47
Receipts for Fiscal Year.
Balance from last report-----$298
7,976
Installment shares, dues-----5,882
Interest ________ — _____
Fines ___________
__ __
13
10
Fees __________ _______ —
Loans repaid_
_ ____
3,430
Overdrafts and bills payable- 11,650
Advances repaid, personal acc o u n ts_
47
All other receipts, fire loss,
etc.
______ - ______
4.220
Total liabilities------------ $82,889 47
Disbursements for Fiscal Year.
Overdrafts and bills payable- $6,650 00
Loans on mortgages and
2,310 00
sh a res_________ ________
Interest p a id __________ ____
1,768 97
Dues
repaid,
installment
shares _ ____•________ ____ 12,120 00
Profits repaid, installment
sh a res__
_________
4,662 77
52 01
41 Advances, personal accountsSalaries _ ------------------------1,137 00
47 T » vps
331 98
Other expenses_________ ___
150 78
All other disbursements, fire
l o s s ______ _____ _______
4,125 95
Balance, cash in office and
b a n k ______________ _____
219 33
25
20
43
25
50
28
00
Total receipts__________ $33,528 79
Total disbursements------ $33,528 79
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
Age in
months.
Total dues
per share.
Book ralue
per share.
26—
27—
29—
31__
33—.
36—
40—
44__.
48—.
52—
120
1 Q8
$120 00
108 00
$167
146
126
107
89
71
55
40
25
96
84
72
60
48
36
24
32
96
84
72
60
48
36
24
OO
00
00
00
00
00
00
12 12
Withdrawal
value.
19
25
26
20
08
89
64
32
95
12 46
Dues plus
profits,
as per
by-laws.
81
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 61.
SAN FR AN CISCO .
OCCIDENTAL LOAN ASSOCIATION.
(Incorporated August 26. 1886.)
D b. B. M. S ticii, Secretary.
T. I. O’B rien , President.
Fiscal year ended September 7, 1915.
No. of series, 10.
No. of members and investors, 74.
No. of shares, 716.
Liabilities.
Assets.
Loans, on mortgages, $76,850.00; on shares, $1,819.00; on contract sales,
$2,025.54 _______________ $80,194
Arrearages—
On shares______$2,330 00
On interest_____ 2,265 70
On premium----694 00
5,289
7,585
Cash in bank -----------------6,676
Real estate owned--------------2,123
Advances, ledger accounts—
Installment shares, dues------- $46,908 00
Installment shares, profits---- 19,378 60
136 20
Advance paym ents-------------54 Overdrafts and bills payable- 16,950 00
Reserve and undivided profits 17,894 19
601 84
Sundry ledger accounts------70
15
19
25
Total liab ilities------------ $101,868 83
Total a ss e ts----------------- $101,868 83
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues-----Interest __________________
Premiums ________________
F e e s _____________________
Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal acco u n ts__________________
All other receipts, real estate, e t c .________________
$3,457
8,323
5,059
1,825
11
6 ,221
2,000
1,264
1,127
81 Loans on mortgages and
00
shares __________________ $12,300 00
930 00
96 Interest p a id ---------------------80 Dues
repaid,
installment
10
3,325 00
shares __________________
00 Profits, repaid, installment
1,548 82
00
sh a res---------------------------819 63
Advances, personal accounts46 S a la r ie s __________________
1,652 50
926 50
T a x e s ------------------------------202 89
36 Other expenses ____________
Balance, cash in office and
7,585 15
b a n k ___________________
Total receipts_________ $29,290 49
Total disbursements____ $29,290 49
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
2 1 __________________________________
22 __________________________________
23__________________ ._______________
24__________________________________
25__________________________________
26_______________ ___________________
27__________________________________
28_________•_________________________
29__________________________________
30_______________ ___________________
6— 25127
Age In
months.
Total dues
per share.
Book value
per share.
120
$120 00
108 00
$189
162
137
114
93
74
57
40
108
96
84
72
60
48
36
24
12
96
84
72
60
48
36
24
00
00
00
00
00
00
00
12 00
93
49
31
39
57
54
04
91
20 10
12 52
Withdrawal
value.
$172
146
122
102
83
67
52
38
25
44
14
85
23
56
27
52
45
05
12 26
82
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 62.
SAN FR A N CISCO .
PACIFIC LOAN ASSOCIATION.
(Incorporated December 8, 1886.)
B. M.
G unzberger,
No. of series, 8.
Secretary.
D b. B. M. S tich , President.
Fiscal year ended December 1, 1915.
No. of members and Investors, 35.
No. of shares, 256.
Assets.
Loans, on mortgages, $18,400.00; on shares, $ 6,900.00; on contract sales,
$15,443.22 ______________ $40,743
Arrearages—•
On shares------------ $872 00
On interest_______ 249 80
On premium------- 125 25
1,247
Cash in bank--------------------992
Advances, ledger accounts—
3,039
Liabilities.
Installment shares, dues------ $22,692 00
Installment shares, profits—
8,066 61
Advance paym ents_______
35 00
22 Overdrafts and bills payable6,300 00
Reserve and undivided profits
8,929 08
05
96
46
Total assets---------- --- _ $46,022 69
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues------I n te r e s t---- ----------------Premiums ________________
F e e s ------------------- —
Loans repaid
------_ _
Overdrafts and bills payableAll other receipts ---------—
Total receipts-------------
$604
3,484
2,390
542
1
8,190
150
59
22
00
13
50
40
30
00
92
Total lia b ilitie s __ ____ $46,022 69
Disbursements for Fiscal Year.
Overdrafts and bills payable- $ 1,000 00
Loans on mortgages and
sh a res__ _______________
5,350 98
Interest p a id ______________
164 70
Dues
repaid,
Installment
sh a res_
_
------4,867 00
Profits repaid, installment
1,272 34
shares _ __ ____________
S a la r ie s____________ ______
1,297 50
374 83
T a x e s ------------ -----------------10 2 16
Other expenses___________
Balance, cash in office and
b a n k _______________ ___
992 96
$15,422 47
Total disbursements____ $15,422 47
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
20__________________________________
2 1 __________________________________
2 2 ______________________________ _
23____________________ ______________
_
24_____________________ _____
28_________ __________ ______________
29------------------------------ ______________
30— _______________ ______________
Age In
months.
Total dues
per share.
Book value
per share.
132
$132 00
108
96
84
36
24
96
84
36
24
$190
166
143
122
103
39
25
12
120
12
120 00
108 00
00
00
00
00
12 00
26
03
50
71
52
44
52
39
Withdrawal
value.
$175 69
152 22
131 07
112 02
94 73
37 72
24 76
12 20
83
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 63. SAN FR A N CISCO .
PACIFIC STATES SAVINGS AND LOAN COMPANY.
(Incorporated June 14, 1889.)
W. S. P ardy, Secretary.
F erd R eis , J r., President.
Fiscal year ended December 31, 1915.
No. of series, 96.
No. of members and investors, 2,020.
Assets.
Liabilities,
Loans, on mortgages, $14,38S.94; on definite con
tract, $977,707.97; on
shares,
$6,420.00;
on
bonds, $42,213.14_______$1,040,790
Arrearages—
On shares and
certificates $3,662 20
On interest___ 4,187 44
-------------------. 7349 64
Cash, in office, $1,200.01; in
bank, $103,492.71 _______ 104,782
Real estate owned________
76,410
400
Furniture and fixtures__ _
Advances, ledger accounts_
974
Other a s s e t s _____________
101
05
72
00
00
65
50
Installment shares, dues___
Installment shares, profits_
Paid-up and prepaid shares,
capital ________________
Paid-up and prepaid shares,
divid en d s______________
Investment certificates, prin
cipal __________________
Investment certificates, divi
dends _________________
Advance paym ents________
Reserve and undivided profits
Loans due and incomplete—
Sundry ledger accounts___
All other liabilities, tax re
serve _________________
Total a s s e t s _________ $1,231,308 56
accounts----------------------All other receipts, real es
tate, e t c . _______________
$41,338 60
15,034 30
212,230 00
87,813 34
593,264 53
66
81,657
4,771
156,001
27,622
4,817
20
15
07
59
0,758 12
Total lia b ilitie s______$1,231,308 56
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues----Investment certificates_____
Interest _________________
Premiums _______________
Loans repaid_____________
Advances repaid, personal
No. of shares, 5,028.
Disbursements for Fiscal Year.
$55,580
6,606
171,824
99,245
105
432,145
89
45
75
21
50
70
Loans on mortgages and
sh a res_________________ $440,498
interest and discount______
230
Dues repaid, installment
sh a res_________________
40,434
Profits repaid, installment
shares ________________
16,938
13,491 34 Paid-up and prepaid shares,
capital ------------------------5,600
26,048 53 Paid-up and prepaid shares,
dividends--------------------19,013
Investment certificates, prin
cipal ---------------------------90,789
Investment certificates, divi
dends -------------------------------- 15,023
Advances, personal accounts
12,847
Halarks 1_________________
16,351
T a x e s ___________________
3,036
Other expenses___________
12,449
All other disbursements____
21,054
Balance, cash in office and
104,782
h a n k __________________
Total receipts________ $805,048 37
00
42
00
45
00
20
36
77
21
00
08
79
37
72
Total disbursements___$805,048 37
Installment Shares, With Age, Value, and Withdrawal Value.
Certificates—Dues, GO cents per month
A g e In
months.
108
96
84
72
60
48
36
24
Total dues
per share.
$64
57
50
43
36
28
80
60
40
20
00
80
2 1 60
14 40
12
7 20
Dividend rate 7 per cent.
Book value
per share.
$89
76
64
53
42
33
24
15
7
46
63
64
43
95
16
01
46
47
Withdrawal
value.
$83
71
61
50
41
32
23
15
7
20
87
08
87
21
07
41
12
38
84
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 64.
SAN FR AN CISCO .
PROGRESS MUTUAL LOAN ASSOCIATION.
(Incorporated December 31, 1894.)
N. S teinbebgeb, Secretary.
J ames A. W hite , President.
Fiscal year ended December 31, 1915.
No. of series, 11.
No. of members and investors, 145.
No. of shares, 1,023.
Assets.
Liabilities.
Loans, on definite contract,
Installment shares, dues------$41,568
$61,635.06; on shares, $2,10,207
Installment shares, profits__
600.00__________________ $63,935 06 I’aid-up and prepaid shares,
l ’ash in hank______________
497 65
c a p it a l_______
5,000
6,500
Real estate owned__________
1,151 20 Overdrafts and hills payableAdvances, ledgeraccounts____
61 25 Reserve and undivided profits
1,779
595
fxatns due and incomplete---Total a sse ts___________ $65,643 16
Total receipts
00
00
09
00
Total liab ilities________ $65,645 10
Receipts for Fiscal Year.
Balance from lastreport------$755
Installment shares, dues_____
7,938
Paid-up and prepaid shares,
dues ___________________
400
In te r e st__________________
5,356
55
Fines ____________________
Fees -------------------------------19
20,851
Loans repaid______________
Overdrafts andbillspayable- 15,500
Advances repaid, personal ac
counts __________________
77
All other receipts, real estate,
e t c . ____________________
2,578
20
87
Disbursements for Fiscal Year.
4 6 1 Overdrafts and hills payable- $19,000 00
80 Loans on mortgages and
sh a res________ _________
20,255 00
00 Interest p a id ______________
520 06
60 1 lues
repaid,
installment
sh a res__________________
50
5,880 80
60 Profits repaid, installment
57
792 32
shares ---------------------------00 Paid-up and prepaid shares,
4,000 00
capital _________________
00 Paid-up and prepaid shares,
dividends _______________
331 80
00 Advances, personal accounts103 00
1,329 00
S a la r ie s __________________
113 72
T a x e s ____________________
413 83
Other expenses -----------------All other disbursements, real
295 35
estate __________________
Balance, cash in office and
h a n k ___________________
497 65
$53,532 53
Total disbursements_
$53,532 53
Installm ent Shares, W ith A ge, Value, and W ithdrawal Value.
Serial
No.
1 2 ______________________
______
_
1 3 _______________ __________ ________________
1 4 ___ ___ ____ __ „ _____,____________ _______ ,__
15
1 6 __________________________________________
17
13~~.~——_________________________ —_______ —
19
9X)
2 1 __________________________________________
Age In
months.
120
108
96
84
72
60
4S
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 0 0
6 0 00
48 00
36 00
24 00
12 0 0
Book value
per share.
$162 88
142 0 0
122 65
1 04 11
86 46
69 81
54 0 9
39 35
25 49
12 39
value.
$157 50
137 50
118 00
100 00
83 50
67 50
52 75
38 50
25 0 0
12 25
85
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 65. SAN FR AN CISCO .
PROVIDENT MUTUAL LOAN ASSOCIATION.
(Incorporated September 24, 1887.)
N. S teinberger, Secretary.
J ames R oia*ii , President.
Fiscal year ended September 30, 1915.
No. of series, 11.
No. of members and investors, 272.
No. of shares, 3,246.
Liabilities.
Assets.
Installment shares, dues— — $126,416
Loans, on definite contract,
Installment shares, profits---- 31,060
174,036.30;
on
shares,
$1,325.00 _______________ $175,361 30 Paid-up and prepaid shares,
1,200
capital _________________
Arrearages—
7.800
Overdrafts and bills payableOn shares________$55 70
6.471
Reserve and undivided profits
On interest---------- 301 17
4,860
----------------------- 356 87Loans due and incomplete__
Cash in bank______________
1,213 41 All other liabilities, tax re
250
serve ___________________
Real estate owned--------------1,601 00
Furniture and fixtures--------225 00
Advances, ledger accounts__
200 45
Toial a sse ts___________ $178,058 03
00
00
04
00
00
Total liabilities________$178,058 03
Disbursements for Fiscal Year.
Receipts for Fiscal Year,
Balance from lastreport_____
$309
27,168
Installment shares,dues-------Paid-up and prepaid shares,
dues ___________________
6,800
Interest __________________
15,107
Fines ____________________
7
Fees _____________________
77
Loans repaid--------------------64,220
Overdrafts andbillspayable- 22,400
Advances repaid, personal ac
counts ---------------------------805
All other receipts, real estate,
etc. ____________________
1,530
40
59
80 Overdrafts and hills payable- $50,000 00
00 Loans on mortgages and
sh a res__________________
49,083 00
2,090 04
00 Interest p a id ______________
63 Dues
repaid,
installment
23
14,045 80
sh a res__________________
80 Profits repaid, installment
shares _________________
60
3,800 58
00 Paid-up and prepaid shares,
11,000 00
capital _________________
410 87
27 Advances, personal accountsS a la r ie s---------------------------2,567 50
605 44
So T a x e s ____________________
Other exp en ses____________
616 40
All other disbursements, real
estate, e t c .---------------------3,090 23
Balance, cash in office and
1,213 41
b a n k ________________ —
Total receipts_________ $138,523 27
Total disbursements___ $138,523 27
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No,
20 ________________________
2 1 ________________________
______________
______________
22 _
_______________ ______________
23____________________ ______________
24__
_____________ ______________
2 5 _______________________ ______________
26________ ___________ _____________
27 _____________________ ______________
28 ________________________ ______________
2 0 ________________________ ______________
30 ______________________ ______________
Age In
months.
Total dues
per share.
Book value
per share.
132
$132 00
108
96
84
72
60
48
36
24
84
72
60
48
36
24
$190
167
145
125
106
77
53
67
45
30
71
55
39
25
12
15
10
95
75
45
120
12
120 00
108 00
96 00
00
00
00
00
00
00
12 00
88 22
Withdrawal
value
$190 00
165 00
142 00
12 1 00
10 1 60
83
67
52
38
25
75
50
80
70
20
12 00
REPORT OH BUILDING AND LOAN ASSOCIATIONS,
86
No. 66.
SAN FR A N CISCO .
UNION LOAN ASSOCIATION.
(Incorporated May 6, 1881.)
B. M.
< * U N Z B E K (i K K ,
Secretary.
T. L.
Fiscal year ended May 9, 1916.
No. of members and investors, 45.
No. of series, 10.
Assets.
r i k .n
,
President.
No. of shares, 225.
Liabilities.
Loans on mortgages
$27,300
Arrearages—
On shares
_$548 00
On interest__
_ 671 15
On premium----- --- 320 70
1,548
<'ash, in office. $211.60; in
hank, $820.20 _
1,040
5,504
Real estate owned _ — _
2.888
Advances, ledger accounts—
42
Other assets
— _ Total assets
_
00 Installment shares, dues----- $11,772 00
Installment shares, profits__
3,452 52
Advance payments __ _ _
53 25
Overdrafts and bills payable- 11,225 00
Reserve and undivided profits 11,802 87
So Sundry ledger accounts
101 56
7 50
86
52
05
42
_ $38,414 70
Total liabilities-
_
__
$38,414 70
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues- _
Interest
------_
—
Premiums
_ ~ _
F e e s ------- _ ---- --- _ Loans repaid —
Overdrafts and bills payableAdvances repaid, personal acc o u n ts_
— _ _
All other receipts
Total receipts. _
O ’B
$1,040
2,885
2,231
732
4
9,200
93 Loans on mortgages and
00
shares
_
_ __
41 Interest paid
88 Dues
repaid,
installment
50
shares
00 Profits repaid, installment
1,000 00
shares
_ ____________
Advances, personal accounts3,592 29 Salaries _
___ ______—
149 50 Taxes ________ ____ — _
Other exp en ses------All other disbursements, real
estate, etc.
__________
Balance, cash in office and
bank _ _ _ -----------------
$20,836 51
Total disbursements___
$8,700 00
558 38
2,090 00
404
1,248
1,375
289
206
17
27
00
74
04
4,924 05
1,040 86
$20,836 51
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
26__________________ ____ - ___
______
27____________ ____
_
28_______ ________ ___ _____
_______
29__________________
3 0 _____________ - .
31 ____ - ___ - .___________
32_____________
._ _ - _ _
33—
__ ________ ___ _______
34_____________
._ __________
3 5 _________________ ___ _______
Age in
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
(50 00
48 00
36 00
24 00
12 00
Book value
per share.
$180 68
155 41
132 04
110 39
90 43
73 12
55 32
39 85
25 58
12 39
Withdrawal
value.
$165 48
141 18
119 42
99 83
82 13
66 06
51 66
37 92
24 79
12 19
87
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 67.
SAN FR A N CISCO .
WESTERN LOAN ASSOCIATION.
(Incorporated November 12, 1886.)
Da. B. M. S tich, Secretary.
S. H ausmann , President.
Fiscal year ended November 15, 1915,
No. of members and investors, 81.
No, of series, 10.
Assets.
Liabilities.
Loans, on mortgages, $58,700.00; on contract sales,
$64,278
$5,578.76 _____________
Arrearages—
On shares---------$1,020 00
On interest------- 1,691 70
On premium-----686 05
4,297
4,057
Cash in bank__________ —
3,253
Real estate owned----- --------Advances, ledger accounts---365
Total assets —
----------
$37,416 00
Installment sh ares, d u es__—
Installment shares, profits----- 12,472 67
81 90
76 Advance payments________ __
Overdrafts and bills p a y a b le- 13,000 00
Reserve and undivided profits 13,259 77
Sundry ledger accounts —
23 10
75
41
53
99
$76,253 44
Total liabilities
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues----Interest — ----- ---------- —
Premiums -----------------F e e s --------------------------------Loans repaid __ — _
Advances repaid, personal acco u n ts--------------------------AH other receipts, rents, etc.
No. of shares, 603.
__
$76,253 44
Disbursements for Fiscal Year.
$1,839
7,360
4,352
1,272
5
14,413
21
00
47
80
20
00
Overdrafts and bills payableLoans on mortgages and
sh a res_____________ _____
Interest p a id -------------------D ues
repaid,
7,800 00
950 16
in sta llm en t
sh a res_____________ ____
Profits repaid, installment
267 90
sh a res____________ ___
136 11 Advances, personal accountsS a la r ie s __________________
Taxes _ __ ______________
Other expenses____________
All other disbursements, real
estate, e t c .---------— ____
Balance, cash in office and
b a n k ___________ ______
Total receipts-------------- $29,646 69
$2,500 00
8,146 00
3,167
262
1,690
737
182
23
86
00
11
37
153 55
4,057 41
Total disbursements____ $29,646 69
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
-No,
2 0 __________________________ _______________
2 1 ______ _________________ ______________
2 2 _____J ____________________
2 3 __________________________ ______________
2 4 __________________________ ________________
2 5 __________________________ ______________
2 6 __________________________ ______________
2 7 _________________
- ___ _______________
2 8 __________________________ ________________
2 9 _______________________ ______________
Age in
months.
120
108
98
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
1 2 Of)
Book value
per share.
$187 27
160 59
135 89
113 0 9
92 27
73 34
56 00
40 31
25 84
12 45
Withdrawal
value.
$170 46
1 4 4 81
121 92
101 45
83 14
66 67
52 04
38 15
24 92
12 22
88
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 6a
SAN JO SE.
NUCLEUS BUILDING AND LOAN ASSOCIATION.
(Incorporated March 28, 1889.)
C. H. J ohnson, Secretary.
G eo. B. McK ee, President.
Fiscal year ended April 4, 1916.
No. of series, none.
No. of members and investors, 252,
No. of shares. 4,419.
Assets.
Loans on definite contract- „ $ 2 4 2 ,3 2 2
Arrearages on in te r e st-_
1 ,2 2 2
Cash, in office, $ 5 3 6 .9 1 ; in
bank, $ 7 ,7 0 7 .5 4 __________
8 ,2 4 4
Furniture and fixtures—
350
Total assets—
Liabilities.
Installment shares, dues------- $188,651
Installment shares, profits__
2 6 ,6 5 5
Paid-up and prepaid shares,
45
c a p it a l__ — ------------ 2 7 ,8 0 0
0 0 Paid-up and prepaid shares,
695
divid en d s_______________
Reserve and undivided profits
4 ,8 3 7
Loans due and incomplete---3 ,5 0 0
01
30
------- — $ 2 5 2 ,1 3 8 7 6
Receipts for Fiscal Year.
Balance from last report— —
Installment shares, dues—__
_
I n te r e s t__ — ------Loans repaid ------------------ All other receipts------- _
00
00
16
00
Total liabilities_______ $ 2 5 2 ,1 3 8 7 6
Disbursements for Fiscal Year.
$ 1 ,1 2 6
8 1 ,1 7 5
1 6 ,5 1 0
6 0 ,1 5 6
44
49
38
24
31
07
Total receipts--------- — $ 1 5 9 ,0 1 2 4 9
Overdrafts and bills payable.
Loans on mortgages and
sh a res___ —
_____ ____
Interest p a id --------------------Dues
repaid,
installment
shares — --------------------Profits repaid, installment
shares
_
_ -----Paid-up and prepaid shares,
dividends _ _ ---------------Salaries — -----------------—
Taxes _ ---------------------------Other expenses-----------------Balance, cash in office and
bank — ----- -----------------
$ 5 ,0 0 0 0 0
6 0 ,7 2 6 3 1
30 00
7 0 ,0 2 5 9 0
1 1 ,3 8 3 6 7
695
2 ,0 6 9
570
267
00
00
73
43
8 ,2 4 4 4 5
Total disbursements------ $ 1 5 9 ,0 1 2 4 9
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
08
52
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
89
No. 69. SAN JO S E .
MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated March 12, 1889.)
R alph E. S andebs, Secretary.
C has . R. W ing , President.
Fiscal year ended December SI, 1915.
No. of series, none.
No. of members and investors, 1,234.
No. of shares, 4,857.
Assets.
Liabilities.
Loans on definite contract__ $773,143
Cash, in office, $592.16; in
3,897
bank, $3,305.42 __________
Real estate owned--------------30,907
Furniture and fixtures--------2,652
Advances, ledger accounts—
14
SO Installment shares, dues------$377,537
Installment shares, profits---- 66,063
58 Paid-up and prepaid shares,
89
capital -------------------------- 313,385
33 Paid-up and prepaid shares,
50
dividends----------------------16,734
Reserve and undivided profits 18,770
Loans due and incomplete---- 17,989
Sundry ledger accounts------135
Total a ssets-----------------$810,616 10
Receipts for Fiscal Year.
27
09
00
97
04
88
85
Total liabilities________$810,616 10
Disbursements for Fiscal Year.
Balance from last report----- $10,006 44 Overdrafts and bills payable- $97,500 00
Installment shares, dues------- 198,541 54 Imans on mortgages and
Paid-up and prepaid shares,
sh a res__________________ 226,862 90
dues ___________________
80,446 80 Interest p a id ______________
675 71
I n te r e s t---------------------------- 50,236 83 Dues
repaid,
installment
Loans repaid_________
130,422 29
sh a res__________________ 146,357 71
Overdrafts and bills payable- 92,500 00 Profits repaid, installment
Advances repaid, personal ac
sh a res__________________
4,090 06
counts _________________
1,203 85 Paid-up and prepaid shares,
All other receipts, real estate,
capital _________________
54,600 00
e t c . ____________________
6,398 80 Paid-up and prepaid shares,
dividends_______________
21,951 10
S a la r ie s__________________
6,280 29
T a x e s ------------------------------1,504 13
Other exp en ses-----------------2,114 28
All other disbursements------3,922 79
Balance, cash in office and
b a n k ___________________
3,897 58
Total receipts
$569,756 55
Total disbursements----- $569,756 55
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus 95 per cent of profits.
90
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 70. SAN JO SE.
SAN JOSE BUILDING AND LOAN ASSOCIATION.
(Incorporated January 30, 1885.)
W. M. Sontueimbr, Secretary.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 572.
V. K och, President.
No. o£ shares, 10,553.
Assets.
Liabilities.
Loans, on mortgages, $388,830.00; on contract sales,
$775.75 _________________$389,605 75
Arrearages—
On interest------- $2,456 41
On fines________
104 60
-------------2,561 01
Cash in bank______________
5,514 42
Real estate owned, office
b u ild in g________________
16,343 43
341 55
Furniture and fixtures--------Advances, ledgeraccounts—
248 80
Installment shares, dues------- $303,049 63
Installment shares, profits---- 32,025 65
Paid-up and prepaid shares,
capital -------------------------4,600 00
Investment certificates, prin
cipal ___________________
38,075 00
Investment certificates, divi
dends ---------------------------413 07
Overdrafts and bills payable- 15,000 00
Reserve and undivided profits 10,002 22
Loans due and incomplete__
11,449 39
Total assets___________ $414,614 96
Receipts for Fiscal Year.
Total liabilities________$414,614 96
Disbursements for Fiscal Year.
$6,114 64 Overdrafts and bills payableBalance from last report----Installment shares, dues------ 177,185 45 Loans on mortgages and
Investment certificates------12,550 00
sh a res__________________
In te r e s t------- — -------------- 26,773 52 Interest p a id ______________
138 55 Dues
Bines _
----------------------repaid,
installment
74,428 5S
Loans repaid — ---------- —
sh a res__________________
Overdrafts and bills payable. 54,500 00 Profits repaid, installment
Advances repaid, personal acsh a res---------------------------862 90 Paid-up and prepaid shares,
counts _ -------— --------All other receipts, real estate,
capital -------------------------405 00 Paid-up and prepaid shares,
e t c . ________________ —
d ivid en d s_______________
Investment certificates, prin
cipal ----------------------------Investment certificates, divi
dends __________________
Advances, personal accounts.
S a la r ie s ---------------------------T a x e s ____________________
Other expenses____________
All other disbursements, real
estate, e t c .--------------------- *
Balance, cash in office and
b a n k ___________________
Total receipts------------- $352,958 64
118,579 43
1,333 85
141,642 88
10,826 94
1,000 00
155 00
10,242 00
1,789
742
3,710
302
862
15
72
00
97
47
16,756 81
5,514 42
Total disbursements------$352,958 64
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$39,500 00
91
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 71. SAN L U IS OBISPO.
SAN LUIS BUILDING AND LOAN ASSOCIATION.
(Incorporated March 1, 1888.)
M. L ew in , Secretary.
Ke n j . B hooks, President.
Fiscal year ended March 1, 1916.
No. of members and investors, 280.
No. of series, 14.
Assets.
Loans, on mortgages, $143,805.00; on shares, $ 1 ,830.00 _
________ _ $145,635
Arrearages—
On shares.
_ $184 00
On interest---------- 226 57
On fines ________ 31 82
442
1,087
( ’ash in bank----------- --Heal estate owned
_ _
511
Advances, ledger accounts—
54
Total assets _
—
Liabilities.
Installment shares, dues_____ $104,328
Installment shares, profits___ 20.831
12,649
00 Advance paym ents_________
5,500
Overdrafts and bills payableReserve and undivided profits
3,515
Loans due and incomplete—
400
All other liabilities, interest
on advance payments _ _
506
30
30
41
21
_ _ $147,730 40
Receipts for Fiscal Year.
Balance from last report___
Installment shares, dues------Interest _
_ _
Fines
_
----- -------- --Fees — — ----- -----------Loans repaid ___ ________
Overdrafts and bills payableAdvances repaid, personal accounts _ _ --------------- _
Total receipts------- -------
No. of shares, 2,621.
Total liabilities
00
65
00
00
75
00
00
$147,730 40
Disbursements for Fiscal Year.
82 Overdrafts and bills payable- $14,050 00
00 Loans on mortgages and
shares
___________
36,915 00
13
367 75
68 Interest paid __________ —
repaid,
installment
75 Dues
00
sh a res__ _____________
32,823 00
00 Profits repaid, installment
----------------- 10,587 70
sh a res-----87 86 Advances, personal accounts87 86
S a la r ie s---- -------------------1,805 49
T a x e s --- ---- -------------1,430 62
Other expenses ____________
245 43
All other disbursements, real
e s t a t e ------------ --- — —
400 00
Balance, cash in office and
b a n k ----------------------- —
1,087 39
$471
35,048
12,033
177
91
32,440
18,550
$99,800 24
Total disbursements------ $99,800 24
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
1 7 _______________
______ _________________
1 8 ________________________ _________________
1 9 ____
________________ _________________
2 0 ______
___________ _________________
2 1 __________ ___________ _________________
____________
2 2 ______________________ 23
______ __________________________
2 5 _______________________ _________________
2 7 __________
—
— _________________
—
2 9 ___________
__________ ____________
Age In
months.
120
108
96
80
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
06 00
84 00
72 0 0
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$191 09
145 73
124 98
106 06
87 86
70 75
54 83
39 86
2 5 75
12 45
Withdrawal
value.
$191 00
1 4 1 01
119 18
99 98
82 31
6 6 18
51 42
37 93
24 88
12 23
92
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 72.
SAN M A TE O .
SAN MATEO MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated June 2, 1896.)
C\ H. K ikkbbide, Secretary.
No, of series, 41.
W. F. T dbnbuli., President.
Fiscal year ended December 31, 1915.
No. of members and investors, 186.
Assets.
Liabilities.
Loans, on mortgages, $107,260.00; on shares, $370.00 $107,630
A rrearages—
On shares_______ $1,319 00
On interest_____ 1,383 50
On fin e s_______
124 00
-------------2,826
Cash in bank--------------------3,492
Heal estate owned--------------8,885
90
Furniture and fixtures______
Advances, ledger accounts__
1,080
00
50
97
00
00
72
Installment shares, dues------- $59,949 00
Installment shares, profits—
15,044 08
Paid-up and prepaid shares,
capital _________________
30,200 00
Paid-up and prepaid shares,
dividends_______________
878 00
Advance paym ents_________
180 90
Overdrafts and bills payable8,825 00
Reserve and undivided profits
5,567 55
3,110 86
Loans due and incomplete-_
Sundry ledger accounts------02 00
All other liabilities: Interest
on bills payable--------------157 80
Total assets----------- --- _ $124,005 39
Total liab ilities________$124,005 19
Receipts for Fiscal Year.
Balance from last report----Installment shares, dues____
Paid-up and prepaid shares,
dues ___________________
I n te r e s t__________________
Premiums ________________
Fines ____________________
F e e s -------------------------------Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal ac
counts _________________
All other receipts, rents-------
No. of shares, 1,433.
Disbursements for Fiscal Year.
$3,222 71 Overdrafts and billspayable- $5,130 00
15,486 00 Loans on mortgages and
shares _________________
16,489 75
12,400 00 Interest p a id ______________
585 92
8,602 79 Dues
repaid,
installment
175 68
sh a res__________________
26,755 00
165 00 Profits repaid, installment
69 25! sh a r e s---------------------------- 10,225 44
26.265 00 i Paid-up and prepaid shares,
2,275 00
capital _________________
2,400 00
Paid-up and prepaid shares,
d ivid en d s_______________
1,442 35
157 08
571 50 Advances, personal accounts886 68
S a la r ie s __________________
1,229 00
T a x e s ____________________
169 50
Other expenses____________
315 50
All other disbursements____
267 90
Balance, cash in office and
b a n k ___________________
3,492 97
Total receipts_________ $69,390 0 1 1
Total disbursements___
$69,390 01
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
3 9 __________________________ _______________
4 3 __________________________ _______________
4 7 __________________________ ----------------------5 1 ---------------------------------------- ___________
5 5 __________________________ _______________
5 9 --------- ------------------------------- _______________
6 3 __________________________ _______________
—
6 7 ___
____________________ ________
7 1 __________________________ _______________
...........................
7 5 __________________________
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$171 33
148 75
127 60
107 75
89 09
71 63
55 30
4 0 04
25 78
n
46
Withdrawal
value.
$167 90
145 77
125 05
105 59
87 31
71 2 0
54 19
3 9 34
25 26
12 21
93
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 73.
SAN R A F A E L .
MARIN COUNTY MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated July 19, 1886.)
L. A. L ancet., Secretary.
G eo. M. D odge, President.
Fiscal year ended July 31, 1915.
No. of series, 19.
No. of members and Investors, 239.
Assets.
I
Loans on mortgages________$162,600 00
Arrearages—
On shares________ $247 00
On interest_______ 367 15
On fin e s-------------- 30 00
644 75
5,1.04 00
Real estate owned _
Advances, ledger accounts ....
30 20
Total assets
_
$168,387 95
Receipts for Fiscal Year.
$918
Balance from last report___
Installment shares, dues------ 38,184
2,350
Investment certificates _ —
14,493
Interest
_
— ____ __
175
Pines _ ------- --- -----------73
F e e s __ _ ---------- ----------34,800
Loans repaid
— ------2,490
Overdrafts and bills payable.
Advances repaid, personal ac
21
counts -------------------65
All other receipts, rents _
Total receipts-------------
No. of shares, 2,937,
Liabilities.
Installment shares, does___ $119,646 00
Installment shares, profits__
32,250 10
Investment certificates, prin
cipal ___________________
5,000 OO
Investment certificates, divi
dends __________________
40 15
Advance paym ents________
110 00
Overdrafts and bills payable3,490 33
Reserve and undivided profits
6,851 37
Loans due and incomplete__
400 00
Total liabilities_______ $168,387 95
Disbursement'; for Fiscal Year.
Loans on mortgages and
sh a res__________________ $45,600 00
Interest p a id ______________
131 98
Dues
repaid,
installment
sh a res__________________
33,459 00
Profits repaid, installment
sh a res__________________
7,576 97
Investments certificates, prin
cipal ----------------------------2,000 00
64 Investment certificates, divi
00
dends __________________
221 50
S a la r ie s __________________
1,560 00
T a x e s ------------------------------182 81
Other expenses____________
419 20
All other disbursements, real
e s t a t e __________________
2,420 10
86
00
00
13
60
00
00
33
$93,571 56
Total disbursements___
$93,571 50
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
2 5 _______
________________ _______________
_
2 6 __________________________ ___________
2 8 __________________________ __________
3 0 __________________________ _______________
3 2 __________________________ _______________
3 4 __________________________ _______________
3 6 __________________________ ________________
3 8 — * ______________________ _______________
4 0 __________________________
4 2 __________________________ _______________
Age in
months.
114
1.08
96
84
72
60
48
36
24
12
Total dues
.per share.
$114 00
1 (B 0 0
96 00
84 00
72 0 0
60 00
48 00
36 00
24 0 0
12 00
Book value
per share.
$188 25
171 87
142 50
118 60
96 46
76 42
58 06
41 36
26 38
12 66
Withdrawal
value.
$184 54
168 68
137 93
111 6 8
8 9 12
69 85
53 03
38 68
2 5 19
12 33
94
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 74.
S A N TA ANA.
HOME MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated April 1, 1893.)
O. M. R o b b i n s , Secretary.
No. of series, 20.
F rank
Fiscal year ended December 31, 1915.
No. of members and investors, 912.
Assets.
E t , President.
No. of shares, 5,591.
Liabilities.
Loans, on mortgages, $526,Installment shares, dues------$274,858
515.00; on shares, $8,75,336
Installment shares, profits__
200.00
$534,715 00 Investment notes, principal_ 208,820
Arrearages—
Investment notes, dividends4,070
On shares--------- $1,039 00
Advance p a y m en ts________
109
On interest------- 1,342 40
Reserve and undivided profits 15,115
______ _ 2 381 40 Loans due and incomplete—
600
Cash in bank_______________ 23,476 61
Real estate owned (office
building $ 1 5 ,6 3 6 .1 0 )_____
16,833 48
Furniture and fixtures---------1,490 85
Advances, ledger accounts__
12 00
Total a s s e t s --------------- $578,909 34
Receipts for Fiscal Year.
Balance from last report____ $4,067
Installment shares, dues___
68,329
Investment n o te s __________ 129,760
I n te r e s t__________________
41,852
Fines ____________________
435
F e e s _____________________
94
Loans repaid______________
93,196
Advances repaid, personal ac
counts _________________
44
All other receipts, rents------604
50
45
00
00
00
39
00
Total liabilities------------$578,909 34
Disbursements for Fiscal Year.
44
75
00
54
68
80
48
Loans on mortgages and
sh a res__________________ $96,156 48
Dues
repaid,
installment
sh a res__________________
51,333 50
Profits repaid, installment
sh a res__________________
20,588 95
Investment notes, principal_ 114,150 00
Investment notes, dividends11,697 92
05 Advances, personal accounts56 05'
77 S a la r ie s---------------------------2,744 80
T a x e s ------------------------------357 78
Other expen ses-----------------1,042 94
All other disbursements, real
e s t a t e --------------------------16,780 48
Balance, cash iu office and
b a n k ___________________
23,476 61
Total receip ts_________$338,385 51
Tolal disbursements___ $338,385 51
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
18___ ___________ .
20__________________
22_________________ .
24 _ ______________
26__________________
28__________________
30__________________
32__________________
34__________________
36__________________
__________ _
__________ _
____________
________
________
_____________
_____________
_____________
_____________
_____________
Age in
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$181 58
156 53
133 24
111 63
91 62
73 23
56 08
40 29
25 88
12 47
Withdrawal
value.
$181 58
152 35
128 27
105 40
84 37
68 20
52 19
38 14
24 94
12 23
95
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 75. S A N T A BAR B AR A .
LOAN AND BUILDING ASSOCIATION.
(Incorporated May 23, 1887.)
J . T. J ohnson , Secretary.
H. L. S tambach, President.
Fiscal year ended June 30, 1916.
No. of series, 23,
No. of members and investors, 749.
No. of shares, 3,087.
Assets.
Liabilities.
Loans, on mortgages, $364,820.00; on shares, $2,160.00___________________ $366,980
Arrearages—
On shares_______ $1,248 00
On interest-------- 1,166 15
On fin e s_______
164 55
-------------2,578
Cash, in office, $1,715.71; in
bank, $2,881.39 __________
4,597
Furniture and fixtures--------607
Advances, ledger accounts__
333
Installment shares, dues____ $139,068
Installment shares, profits—
27,617
00 Investment certificates, prin
cipal ___________________ 195,300
287
Advance paym ents_________
3,924
Reserve and undivided profits
8,900
Loans due and incomplete---70
00
00
05
00
10
65
40
Total a s s e t s __________ $375,096 85
Total liabilities________$375,096 85
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues-----Investment certificates----- --In te r e s t---- ------- --------Fines _ — ---------— —
F e e s _____ _____— —
Loans repaid_______ _____
Advances repaid, personal accounts _ --------------------All other receipts, real estate,
e t c . _______________ _____
00
80
$8,514
41,215
44,850
23,617
153
76
59,111
60 I.on ns on mortgages and
______________ $89,740 00
00 shares
00 Dues repaid, installment
shares
74
______________
48,506 00
m Profits repaid, installment
60
shares
--------------------12,160 50
00 Investment certificates, prin
cipal ___________________
12,200 00
35 80 Investment certificates, divi
dends __________________
10,218 80
3,441 60 Advances, personal accounts.
258 72
S a la r ie s__________________
1,458 00
T a x e s ____________________
1,107 07
Other exp en ses____________
460 50
300 00
All other disbursements____
llalance, cash in office and
b a n k ___________________
4,597 10
Total receipts__________ $181,015 69
Total disbursements-. .$181,015 69
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
24_________________ . _____________
2 6 _________________ _____________
_
28__________________ _________
30__________________ _____________
32__________________ _____________
34_________________ _________ —
36__________________ _____________
38__________________ _____________
40__________________ _____________
42 ________________ _____________
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$161 15
140 95
121 80
103 60
86 05
69 60
54 00
39 25
25 35
12 30
Withdrawal
value.
$161 15
140 95
121 80
103 60
85 35
68 95
53 40
38 90
25 00
12 20
96
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 76. S A N T A B ARBARA.
SANTA BARBARA MUTUAL BUILDING AND LOAN
ASSOCIATION.
(Incorporated May 20, 1901.)
J . M. W abben, Secretary.
No. of series, none.
E . C. R oedeb, President.
Fiscal year ended March 1, 1916.
No. of members and investors, 1,020.
Assets.
Loans on mortgages------------ $568,839
5,111
Arrearages on interest--------30,131
Cash in b a n k ---------- --- —
9,495
Real estate owned---------- _
Total assets.
No. of shares, 14,283.
Liabilities.
41
29
25
79
---------- $613,577 74
Receipts for Fiscal Year.
Installment shares, dues __ $488,507
Installment shares, profits__ 111,897
Reserve and undivided profits
7,046
Loans due and incomplete---6,036
60
43
71
00
Total liabilities________ $613,577 74
Disbursements for Fiscal Year.
$4,534 67 Overdrafts and bills payable- $16,600 00
Balance from last report___
Installment shares, dues----- 246,208 47 Loans on mortgages and
— __ —
39,345 11
sh a res_ ______________ 184,699 42
In te r e s t__
14 70 Interest paid
-----------------126 44
F i n e s __ __ — _ _ ----129,388 72 Dues
repaid,
installment
Loans repaid _— _
shares
_ -----------------Overdrafts and bills payable- 16,600 00
177,422 23
392 30 Profits repaid, installment
All other receipts, rents _ _
__ ___________
shares
17,410 52
S a la r ie s-- ---- ------------------2,429 24
Taxes ___ ___________ __
1,611 43
Other exp en ses---- -------------706 06
All other disbursements, real
e s t a t e ---- —
--------------5,347 38
Balance, cash in office and
bank
_
____________
30,131 25
Total receipts _
--------- $436,483 97
Total disbursements------ $436,483 97
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues SO cents per share per month.
Dividend, last fiscal year, 6 per eent.
Book value, dues plus dividend.
Withdrawal value, full book val^e.
97
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 77 . S A N T A C LA R A .
SANTA CLARA BUILDING AND LOAN ASSOCIATION.
(Incorporated March 19, 1889.)
F. O. Ror.r., Secretary.
No. of series, 22.
,T.
Fiscal year ended March 31, 1916.
No. of members and investors, 307.
B. O’B rien , President.
No. of shares, 2,846.
Assets.
Liabilities.
Loans, on mortgages, $229,950.00; on shares, $261.90;
on contract sales, $7,025.15 __________________ $237,237 05
Arrearages—
On shares_______ $3,061 25
On interest-------- 4,682 25
209 68
On fin e s_______
-------------7,953 18
Real estate owned__________ 14,720 58
Advances, ledgeraccounts—
114 60
Installment shares, dues____$161,245 50
Installment shares, profits___ 49,542 44
Paid-up and prepaid shares,
capital -------------------------23,300 00
Paid-up and prepaid shares,
divid en d s_______________
210 55
Advance payments-------------108 75
Overdrafts and bills payable599 79
Reserve and undivided profits
15,648 07
Loans due and incomplete—
7,821 55
1,165 00
Sundry ledger accounts______
All other liabilites, tax re
serve ----------------------------383 76
Total assets___________ $260,025 41
Total liabilities________$260,025 41
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Installment shares, dues____ $35,091 50 Overdrafts and bills payableLoans on mortgages and
Paid-up and prepaid shares,
d u e s -- -------------- -----------sh a r e s---------------------------6,700 00
repaid,
installment
Interest ------------- -----------21,636 95 Dues
sh a res---------------------------155 83
Fines ____________________
41 80 Profits repaid, installment
F e e s --------------- --------------Loans repaid___________ —
60,324 09
sh a res__________________
Overdrafts and bills payable.
599 79 Paid-up and prepaid shares,
Advances repaid, personal accapital -------------------------counts _ ---- ------------ --- _
1,085 70 Paid-up and prepaid shares,
All other receipts, real estate,
d ivid en d s_______________
e t c . ________ ____________
3,915 18 Advances, personal accounts.
S a la r ie s __________________
T a x e s ____________________
Other expenses-----------------All other disbursements, real
estate, e t c .--------------------Total receip ts------------- $129,551 44
$1,565 30
46,703 45
39,752 50
14,974 25
10,200 00
841 10
56 90
1,320 00
3,916 24
864 20
9,257 50
Total disbursements____$129,551 44
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
19_________ __________________
21_________ ----------------------------------23_________ _______________________
2 5 .________ _______________________
27_________ _______________________
29_________ _______________________
31_________ _______________________
33_________ _______________________
35_________ _______________________
37_________ _______________________
7—25127
Age In
months.
120
108
96
84
72
60
48
36
24
12
Total dues
per share.
$120 00
108 00
96 00
84 00
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
$178 38
153 98
131 34
110 33
90 83
72 73
55 93
40 34
25 87
12 46
Withdrawal
value.
$178 38
153 98
129 00
108 00
88 00
70 00
52 50
38 00
25 00
12 25
98
REPOET ON BUILDING AND LOAN ASSOCIATIONS.
No. 78. S A N T A CRUZ.
SANTA CRUZ COUNTY BUILDING AND LOAN ASSOCIATION.
(Incorporated May 20, 1908.)
Guo. W. W ood, Secretary.
Geo. W. Stone, President.
Fiscal year ended April 30, 1916.
No. of series, none.
No. of members and investors, 66.
No. of shares, 422.
Assets.
Liabilities.
Loans on definite contract---- $39,335 00 Guarantee stock, capital____ $21,700 00
320 96 Guarantee stock, surplus____
Arrearages on interest _
1,605 77
Installment shares, dues------Cash, in office, $1,216.31; in
3,611 50
1,300 50 Installment shares, profits---774 72
bank, $ 8 4 . 1 9 ___ _ __
218 75 I 'a id-up and prepaid shares,
Furniture and fixtures______
capital _________________
7,600 00
Investment certificates, prin1,127 98
Investment certificates, dividends __________________
149 28
Overdrafts and bills payable1,600 00
Reserve and undivided profits
1,486 84
All other liabilities, unearned
premiums_______________
1,519 12
Total a ssets----------------- $41,175 21
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues------Paid-up and prepaid shares,
dues ___________________
Investment certificates_____
Interest ---------------------------Premiums -------------------------
.........
Loans repaid--------------------Overdrafts and bills payableAdvances repaid, personal accounts _________________
All other receipts, suspense,
Total liabilities________ $41,175 21
Disbursements for Fiscal Year.
$537 67 Overdrafts and bills payable738 00 Loans on mortgages and
shares __________________
3,700 00 Interest p a id ______________
443 71 Dividends on guarantee stock
2,583 15 Dues
repaid,
installment
330 75
shares __________________
52 29 Profits repaid, installment
1,185 95
sh a res__________________
5,800 00 Paid-up and prepaid shares,
capital _________________
60 35 Paid-up and prepaid shares,
d iv id e n d s
$4,200 00
10,567 98
59 95
1,718 20
234 00
37 97
3,100 00
349 20
213 84 Investment certificates, prin141 49
Investment certificates, dividends __________________
Advances, personal accountsS a la r ie s__________________
Other exp en ses____________
All other disbursements------Balance, cash in office and
hank
Total receipts-------------- $22,645 71
67
35
00
88
52
1,300 50
Total disbursements------ $22,645 71
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 7 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus 6 per cent for average time.
1
60
480
318
75
99
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 79.
S A N TA PAULA.
SANTA PAULA BUILDING AND LOAN ASSOCIATION.
(Incorporated April 21, 1890.)
Y oungken , Secretary.
H
No. of series, 20.
D. W. Mott, President.
Fiscal year ended May 15, 1916.
No. of members and investors, 463.
No. of shares, 6,799.
Assets.
Liabilities.
Loans, on mortgages, $468,000.00; on shares, $3,800.00__________________ $471,800 00
Arrearages—
On shares---------- $1,428 40
On interest-------- 1,187 42
On premium____
16 50
On tin e s_______
115 12
-------------2,747 44
Cash in bank--------------------6,226 74
Furniture and fixtures--------2,09S 22
482 85
Advances, ledger accounts----Other a s s e t s ______________
158 49
Installment shares, dues------$237,133 80
Installment shares, profits---- 45,152 87
Investment notes, principal— 180,925 00
Advance paym ents-------------2,643 06
Overdrafts and bills payable- 10,000 00
Reserve and undivided profits
7,500 00
Loans due and incomplete---159 01
Total a s s e t s --------------- $483,513 74
Total liabilities
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues_____
Investment n o te s __________
In te r e st__________________
Premiums ________________
Fines ____________________
F e e s _____________________
Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal ac
counts _________________
All other receipts---------------
$483,513 74
$5,533
80,426
88,625
38,872
444
495
180
95,900
44,900
62
90
00
80
85
45
25
00
00
Overdrafts and bills payable- $55,400 00
Loans on mortgages and
sh a res__________________ 142,903 12
Interest p a id ---------------------1,447 92
Dues
repaid,
installment
sh aves__________________
55,635 40
Profits repaid, Installment
sh a r e s__________________
14,494 49
Investment notes, principal_ 63,325 00
Investment notes, dividends9,522 70
337 85 Advances, personal accounts506 00
75 00 S a la r ie s__________________
3,246 61
T a x e s ____________________
638 05
Other expenses____________
2,115 64
All other disbursements, fur
niture and fixtures---------330 05
Balance, cash in office and
b a n k ___________________
6,226 74
Total receipts_________ $355,791 72
Total disbursements------$355,791 72
Installment Shares, With Age, Value, and Withdrawal Value.
Age In
months.
Seria l
N o.
17—
18—
19—
A,
W e—
A,
50c__.
A,
50g__.
21—
C,
$ 1.0 0 .
O,
i 11.00.
C,
81.00.
81.00.
C,
C,
81.00.
0,
81.OC -
20—
22—
23—
24—
25—
26—
A,
son—
120
108
96
84
72
60
48
36
24
12
T o t a l dues
per share.
Book value
p er share.
00
$92 52
78 17
66 58
55 85
91 84
73 42
56 40
40 64
26 04
12 52
$60
54
48
42
72
60
48
36
24
00
00
00
00
00
00
00
00
12 00
W ith d ra w a l
value.
$90
76
65
55
90
72
54
39
25
12
93
97
66
16
85
08
74
34
50
38
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
100
No. 80. S A N T A ROSA.
SANTA ROSA BUILDING AND LOAN ASSOCIATION.
(Incorporated October 3, 1888.)
C. D. B arnett, Secretary.
No. of series, 11.
A llen li. L emmon, President.
Fiscal year ended October 31, 1915.
No. of members and investors, 284,
Assets.
No. of shares, 2,174.
Liabilities.
Installment shares, dues____ $77,742 00
Loans, on definite contract,
$137,926.54; on shares,
18,718 39
Installment shares, profits—
$4,040.00 _______________ $141,966 54 Investment certificates, prin30,937 84
Arrearages—
Advanee paym ents-------------77 52
On sh a r e s _______$62 50
Overdrafts and bills payable9,000 00
On in te r e st______ 524 58
----------------------- 587 08Reserve and undivided profits
3,719 89
4,395 70
Cash in bank--------------------1,155 02 Loans due and incomplete—
Real estate owned--------------867 55
Advances, ledger accounts—
15 15
Total assets
$144,591 34
Total liab ilities------------ $144,591 34
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues----Investment certificates_____
Interest ---------------------------Fees _____ _____________ __
Loans repaid--------------------Overdrafts and bills payableAdvances repaid, personal ac
counts —
All other receipts, refund of
taxes -----------------------------
41 Overdrafts and bills payable90 Loans on mortgages and
and sh a res---------------------98
60 Interest p a id ______________
repaid,
installment
00 Dues
shares — •----------------------19
8,200 00 Profits repaid, installment
sh a res__________________
157 03 Investment certificates, prin
cipal ___________________
103 22 Investment certificates, divi
dends __________________
Advances, personal accountsS a la r ie s__________________
T a x e s ____________________
Other exp en ses____________
All other disbursements, real
e s t a t e __________________
Balance, cash in office and
b a n k ___________________
$1,089
16,983
35,656
8,580
52
34,751
Total receipts_________$106,174 73
$4,200 00
53,121 15
152 65
12,931 20
3,949 38
27,195 58
1,394
133
720
107
247
28
38
00
09
05
867 55
1,155 02
Total disbursements------ $106,174 33
Installment Shares, With Age, Value, and Withdrawal Value.
S eria l
No.
1 8 ---------------------------_____________
19__________________ -------------------20__________________ _____________________
21__________________ -------------------22__________________ _____________
23__________________ _____________
24__________________ _______ ___
25________ x _ ---------------------- _____________
26__________________ _____________
27__________________ _____________
in
Age
m onths.
120
108
96
84
72
60
48
36
24
12
T o t a l dues
per share.
B o ok value
per share.
$120
108
96
84
72
60
48
36
24
12
$164
143
124
105
87
70
54
39
25
12
00
00
00
00
00
00
00
00
00
00
33
65
62
32
56
69
74
74
65
42
W ith d ra w a l
value.
$160
139
120
101
84
68
53
38
25
12
50
59
00
62
42
25
04
70
14
30
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No, 81.
101
S A U S A L ITO .
SAUSALITO MUTUAL LOAN ASSOCIATION.
(Incorporated December 1, 1887.)
J. J. Boss, Secretary.
C. O. S harpe , President.
Fiscal year ended October 31, 1915.
No. of members and investors, 110.
No. of series, 6.
No. of shares, 1,386.
Assets.
Liabilities.
Loans, on mortgages, $34,200.00 ; on definite contract,
$13,161.26;
on
shares,
$1,150.00 _______________ $49,111 20
234 35
Arrearages on shares_______
Cash in bank______________
2,823 79
911 70
Beal estate owned__________
Advances, ledger accounts—
342 28
Other a s s e t s ______________
60 40
Installment shares, dues____ $42,798 00
Installment shares, profits---7,683 28
2 50
Advance p a y m en ts________
Reserve and undivided profits
3,000 00
Total a sse ts----------------- $53,483 78
Receipts for Fiscal Year.
Balance from last report------ $3,544
Installment shares, dues____ lOjtiXT
3,883
Interest __________________
Premiums ________________
103
Fines ____________________
45
F e e s __________________ ______
40
Loans repaid______________
14,850
Overdrafts and bills payable8,500
Advances repaid, personal ac358
c o u n ts__________________
Total lia b ilitie s----------
$53,483 78
Disbursements for Fiscal Year.
93 Overdrafts and bills payable90 Loans on mortgages and
43
shares __________________
50 Interest p a id ______________
1 1 Dues
repaid,
installment
20
shares __________________
50 Profits repaid, installment
00
shares __________________
Advances, personal accounts92 S a la r ie s---------------------------T a x e s ____________________
Other exp en ses____________
Balance, cash in office and
b a n k ___________________
Total receip ts_________ $46,644 5 5
$8,500 00
17,350 00
146 50
13,CIS 00
3,043
446
540
117
58
83
64
00
57
22
2,823 79
Total disbursements------ $46,644 55
Installment Shares, With Age, Value, and Withdrawal Value.
Serial
No.
23__________________________________
24__________________________________
25__________________________________
26__________________________________
27__________________________________
28__________________________________
Age In
months.
72
60
48
36
24
12
Total dues
per share.
72 00
60 00
48 00
36 00
24 00
12 00
Book value
per share.
91 33
73 18
56 25
40 06
25 99
12 48
Withdrawal
value.
Dues plus
profits,
as per
by-laws.
102
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 82.
S TO C K TO N .
SAN JOAQUIN VALLEY BUILDING AND LOAN ASSOCIATION.
(Incorporated June 17, 1889.)
A. M. Noble, Secretary.
S. N. C ross, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 1,600.
No. of shares, 15,144.
Assets.
Liabilities.
Loans on mortgages-------------$110,227 94
Arrearages on interest--------4,641 (X)
Cash in bank--------------------81,846 22
12,876 40
Real estate owned--------------Advances, ledger accounts—
288 25
Total a ss e ts___________ $759,880 41
Receipts for Fiscal Year.
Installment shares, dues------- $343,023
Installment shares, profits---- 84,781
Paid-up and prepaid shares,
capital _________________ 249,303
Paid-up and prepaid shares,
dividends_______________
48,1X58
Reserve and undivided profit?! 30,118
Loans due and incomplete__
3,904
Total liabilities............
Total receipts
85
56
17
$759,880 41
01 Loans on mortgages and
93
sh a res-----------------------------$158,240
Interest p a id ______________
18
41 Dues
repaid,
installment
44
sh a res---------------------------- 105,609
28 Profits repaid, installment
sh a res---------------------------- 15,917
55 Paid-up and prepaid shares,
6,361 25
capital -------------------------45,429
Paid-up and prepaid shares,
d ivid en d s_______________
10,877
Advances, personal accounts5,265
S a la r ie s__________________
6,485
Ta x e s ____________________
860
Other ex p en ses____________
1,744
All other disbursements, real
e s t a t e ---------------------------14,294
Balance, cash in office and
b a n k ___________________
31,846
$396,588 87
09
90
76
20
88
54
60
22
Total disbursements___ $396,588 87
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 7.20 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
66
Disbursements for Fiscal Year.
Balance from last report------$32,246
Installment shares, dues------- 118,561
Paid-up and prepaid shares,
52,870
dues ___________________
In te r e s t__________________
56,249
Loans repaid______________ 128,588
Advances repaid, personal ac
counts __________________
1,711
All other receipts, real estate
82
85
KKPOBT ON BUILDING AND LOAN ASSOCIATIONS.
103
No. 83. S T O C K T O N .
tugiAK iyitiA i y t a i m
a aw
aim
u tt a t i t a
a o c i a a t a n iTAvr
SX
*C#UHX jNT LAND, tJ^C
XAJNF AJw
X# jpSX
XIXmXIJSTOr A
lSSC#OIAl-TIC#JN
T#
(Incorporated Jan u ary 3, 1887.)
C iia s . E. L ittlisiialb , S ecretary.
3. D . Young , r e s id e n t
F iscal y ear ended December 81, 1915.
No. of series, none.
No. of m em bers and Investors, 1,058.
No. of shares, 12,440.
Liabilities.
Assets.
Loans, on mortgages, $897,215.47 ; on shares, $910.00- $898,125
Arrearages on Interest----------4,855
Cash, in office. $5,022.82; in
hank, $15,065.17 _________ 20,687
Heal estate owned__________
2,792
Furniture and fixtures______
700
Advances, ledger accounts__
4,579
99
18
00
94
Installment shares, dues------- $445,196 98
Installment shares, profits—
171,402 86
Paid-up and prepaid sham,
capital .........
253,200 70
Paid-up and prepaid shares,
dividends_______________
8,380 32
Reserve and undivided profits 39,885 42
Loans due and incomplete—
13,674 65
Total assets___________ $031,740 93
Total liabilities________ $931,740 93
47
35
R eceipts for F iscal Year,
Balance from last report____$25,028
Installment sham, dues____ 93,000
Paid-up and prepaid sham,
47,100
dues ___________________
Interest---------------------------------58,546
158
F e e s ---------------------------------------Loans repaid--------------------------- 115,878
Overdrafts and bills payable. 10,000
Advances repaid, personal ac
counts ---------------------------------2,884
All other receipts__________
20
Disbursem ents for F iscal Year,
79 Overdrafts and bills payable- $15,000 00
42 Loans on mortgages and
s h a m __________________ 176,261 04
185 90
00 Interest paid______________
84 Dues
repaid,
installment
55
shares----------------------------------- 62,219 22
50 Profits repaid, installment
00
23,475 23
s h a m __________________
Paid-up and prepaid shares,
capital _________________
07
28,500 30
30 Paid-up and prepaid shares?,
dividends_______________
11,614 55
Advances, personal accounts6,452 64
Salaries__________________
3,880 00
Ta x e s -------------------------------------344 90
Other expenses____________
2,149 48
A11 other disbursements____
1,846 13
Balance, cash in office and
b ank___________________
20,687 90
Total receipts-----------------$352,617 47
Total disbursements------- $352,617 47
Installm ent Shares, W ith Age, Value, and W ithdrawal V alue.
D ayton plan.
Dues, |1.00 p er sh are p er m onth.
D ividend, la s t fiscal y ear, 7.20 p er c e n t
Book value, dues plus dividend.
W ithdraw al value, full book value.
104
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 84.
STO C KTO N .
SECURITY BUILDING AND LOAN ASSOCIATION.
(Incorporated October 25, 1912.)
F. L. W illiams , Secretary.
E. S. Van P elt, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 222,
No. of shares, 250.
Assets.
Liabilities.
I^oans, on definite contract
$05,294.41;
on
shares,
$425.00; on contract sales,
$3,394.37 _______ ______ $99,113 78
Cash, in office, $753.44; in
12,490 82
bank, $11,737.38_________
236 12
Real estate owned__________
Furniture and fix tu res_____
209 75
234 40
Advances, ledger accounts—
Guarantee stock, capital----- $25,000 00
Guarantee stock, surplus-----3,116 28
Investment certificates, princ ip a l__ __
____
_ _ 82,728 52
Loans due and incomplete__
1,440 07
Total assets —
--------- $112,284 87
Receipts for Fiscal Year.
I talaucc from last report----Guarantee stock
Investment eeriifieates__
In te r e s t__ — — --------Fees _
_ _
Loans repaid ______ ______
Advances repaid, personal accounts _
__
All other receipts, real estate
Total receipts
__ ____
Total liab ilities__
___ $112,284 87
Disbursements for Fiscal Year.
$5,161 93 Loans on mortgages and
2,000 00
shares _
_ _
_
$54,2,SO 30
55,187 78 Dividends on guarantee stock
2,166 66
7,210 25 Investment certificates, prin349 50
cipal
------ — ------14,349 67
18,750 01 Investment certificates, divi3,448 62
d e n d s ----- -------------3,366 17 Advances, personal accounts3,553 31
4,626 47 S a la r ie s -------------------300 00
T a x e s -------------------------- —
86 47
Other exp en ses____________
869 38
All other disbursements, real
estate, e t c ._____________
5,107 78
Balance, cash in office and
b a n k _________ ________ __ 12,490 82
$96,653 01
Total disbursements____ $96,653 01
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
105
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 85.
TU LA R E.
TULARE BUILDING AND LOAN ASSOCIATION.
(Incorporated January —, 1889.)
J. L. W ilder, Secretary.
A. W. W heeler, President.
Fiscal year ended December 31, 1915.
No. of series, 20.
No. of members and investors, 83.
No. of shares, 608.
Assets.
Loans on mortgages________ $43,055
Arrearsres—
On sh a r e s______$117 00
On in te r e st______ 142 58
259
Cash in bank______________
1,934
465
Real estate owned--------------Furniture and fixtures______
200
Total a ssets___________
Liabilities.
00 Installment shares, dues___ $35,004 00
Installment shares, profits---7,613 46
Advance paym ents_________
1,351 10
Overdrafts and bills payable2,000 00
469 61
58 Reserve and undivided profits
09 Sundry ledger accounts______
75 50
00
00
$46,513 67
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report-----Installment shares, dues___
Interest __________________
F e e s _____________________
Loans repaid______________
Overdrafts and bills payableAdvances repaid, personal acc o u n t s __ _______ _____
All other receipts, real estate,
etc.
Total lia b ilitie s_______ $46,513 67
$1,241
6,979
3,449
17
600
90 Overdrafts and bills payable00 Loans on mortgages and
75
shares __________________
20 Interest paid
______ ______
repaid,
installment
00 Dues
shares __________________
2,000 00
Profits repaid, installment
71 22
shares __________________
Advances, personal accounts256 75 S a la r ie s __________________
T a x e s ____________________
Other exp en ses_____________
Balance, cash in office and
b a n k -----------------------------
Total receipts_________ $14,615 82
4,220 00
409 84
2,820 00
316
60
600
208
46
75
53
00
61
00
1,934 09
Total disbursements____ $14,615 82
Installment Shares, With Age, Value, and Withdrawal
Serial
Age In
Total dues
No.
months.
per share.
1 5 ...........................................
120
$120 00
17________________________________
108
108 00
18__ ______ „ ______ _____ _ _
96
96 00
20____________ ___________________
84
84 00
22 ......................... ...............................
72
72 00
24-__.____________________ _____
60
00 00
26________________________________
48
48 00
28
36
36 00
30________________________________
24
24 00
32------------------------------------------------12
12 00
$4,000 00
Value.
Book value
per share.
$161 53
141 51
122 25
103 60
86 15
69 54
54 07
39 35
25 52
12 39
value.
$151 14
138 13
115 70
98 70
82 61
64 77
51 04
37 68
24 76
12 20
106
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 86.
UPLAND.
MAGNOLIA MUTUAL BUILDING AND LOAN ASSOCIATION.
(Incorporated September 24, 1901.)
M. F. P almer, Secretary.
Chas . R uedy, President.
Fiscal year ended September 30, 1915.
No. of series, none.
No. of members and investors, 469.
No. of shares, 4,379.
Assets.
Liabilities.
Loans, on mortgages, $235,Installment shares, dues------ $79,646 44
900.00; on shares, $600.00- $236,500 00 Installment shares, profits__
19,740 38
Arrearages on interest______
2,269 00 Paid up and prepaid shares,
Gash in bank--------------------7,949 10
capital _________________ 136,800 00
Advances, ledger accounts---388 03 Paid-up and prepaid shares,
d ivid en d s_______________
7,216 46
Advance pay men I s _________
231 00
Reserve and undivided profits
3,461 50
Sundry ledger accounts_____
10 95
Total assets __________ $247,106 73
Receipts for Fiscal Year.
Balance from last report____
Installment shares, dues____
Paid-up and prepaid shares,
d u e s ------— _ -----------In te r e s t---- ----------------------Fines __________ __
—
Fees _
_ _ _
Loans repaid_______
Overdrafts and bills payableAdvances repaid, personal aecounts _____
All other receipts, real estate.
etc.
_____
__ _____
Total liabilities________ $247,106 73
Disbursements for Fiscal Year.
$5,653 23 Overdrafts and bills payable45,751 79 Loans on mortgages and
sh a res_• — __ ________
42,300 00 Interest paid _____________
17,627 41 Dues
repaid,
installment
shares _
_
557 34
60 25 Profits repaid, installment
sh a res__ __ —
41,500 00
1,000 00 Paid-up and prepaid shares,
capital ____________
464 78 Paid-up and prepaid shares,
dividends ■ ___
___
000 00 Advances, personal accountsS a la r ie s---- --------------- ---T a x e s __
_ _ _
— _
Other expenses _ — _______
All other disbursements, real
estate, e t c .___ — _____
Balance, cash in office and
b a n k ___________________
Total receipts--------------- $155,514 80
23,300 00
165 68
42,777 89
3,706 10
00,700 00
9,431
607
1,450
228
308
59
24
00
76
75
889 69
7,949 10
Total disbursements----- $155,514 80
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues, $1.00 per share per month.
Dividend, last fiscal year, 8 per cent.
Book value, dues plus dividend.
Withdrawal value, dues plus dividends as per by-laws.
$4,000 00
107
REPORT ON BUILDING AND LOAN ASSOCIATIONS,
No. 87. V A L L E JO .
<ff> A T
W "El
‘■"feTTYT T % ' V A T J H
A %TT%
T
df% A %T
A f«f «•«
f H ' T A I T I T A 'iT
VALLEJO BUILDING AND LOAN ASSOCIATION.
(Incorporated October 26, 1911.)
W ade H. Madren, Secretary.
Ohas . E. P erry, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 22.
No. of shares, 65.
Assets.
Liabilities.
Loans on definite contract—
Cash in bank______________
F u rn itu re and fix tu res --------Other assets----------------------Total assets _______
_
$1,437
924
107
130
87 Guarantee stock, capital____
34 Investment certificates, prin90
69 In vestm cn t certificates, divi
dends —
$2,600 80
91 00
10 30
$2,600 80
Disbursements for Fiscal Year.
Receipts for Fiscal Year.
Balance from last report___
G u aran tee sto c k ----------------Investment certificates_____
I n te r e s t__________________
Loans repaid______________
Total lia b ilit ie s ---------- -
$2,499 50
$659 14 Overdrafts and bills payable100 00 Loans on mortgages and
12 50
shares __________________
170 27 S a la r ie s__________________
1,039 95 T a x e s ____________________
Other expenses____________
Balance, cash in office and
$100 00
800 00
120 00
18 02
19 50
924 34
Total receip ts_________
$1,981 86
Total disbursements------
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, — per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$1,981 86
108
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 88. V IS A L IA .
VISALIA BUILDING AND LOAN ASSOCIATION.
(Incorporated January 5, 1887.)
C. L. J ohnson, Secretary.
No. of series, none.
C. J. Giddings, President.
Fiscal year ended January 31, 1916.
No. of members and investors, 326.
Assets.
No. of shares, 7,087.
Liabilities.
Loans on mortgages-------------$831,125 00 Installment shares, dues------ $139,351
654 20 Installment shares, profits___ 60,595
Arrearages on interest--------Cash in bank______________
11,310 27 Paid-up and prepaid shares,
Advances, ledger accounts—
288 36
capital _________________ 113,900
Paid-up and prepaid shares,
d ivid en d s_______________
3,195
Overdrafts and bills payable. 15,100
Reserve and undivided profits
8,974
Loans due and incomplete___
1,807
All other liabilities, interest
on bills payable--------------453
Total a s s e t s --------------- $343,377 83
Receipts for Fiscal Year.
31
00
67
04
00
Disbursements for Fiscal Year.
$2,000 00
87,043 60
1,007 77
37,149 00
16,092 28
9,400 00
5,817 04
416 41
1,800 00
185 16
200 57
11,310 27
Total disbursements----- $173,022 10
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 8.70 per cent.
Book value, dues plus dividend.
Withdrawal value, full hook value.
00
Total liab ilities________$343,377 83
Balance from last report____ $17,572 20 Overdrafts and bills payable.
Installment shares, dues------- 35,309 52 Loans on mortgages and
Paid-up and prepaid shares,
sh a res__________________
dues ___________________
25,600 00 Interest p a id ______________
25,675 47 Dues
Interest __________________
repaid,
installment
Fines ____________________
6 20
sh a res---------------------------F e e s ____________________ _
313 00 Profits repaid, installment
Loans repaid ______________
68,300 00
shares _________________
Advances repaid, personal ac
Paid-up and prepaid shares,
counts _________________
245 71
capital _________________
Paid-up and prepaid shares,
d ivid end s_______________
Advances, personal accounts.
S a la r ie s __________________
T a x e s ____________________
Other expenses____________
Balance, cash in office and
b a n k ___________________
Total receipts--------------- $173,022 10
99
82
109
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
No. 89. W O O D LA N D .
NORTHERN CALIFORNIA BUILDING AND LOAN
ASSOCIATION.
(Incorporated October 2, 1911.)
J ambs L, H abe, Secretary.
H enby L. H uston, President.
Fiscal year ended December 31, 1915.
No. of series, none.
No. of members and investors, 32.
No. of shares, 250.
Assets.
Liabilities.
Loans on definite contract— $30,664 45 Guarantee stock, capital------ $10,638 30
1,344 50 Guarantee stock, surplus-----2,850 46
Cash in bank------- -------------560 75 Paid-up and prepaid certifiFurniture and fixtures--------164 04
cates, capital ___________
Advances, ledger accounts—
8,300 00
Paid-up and prepaid certificates, dividends__________
118 46
Investment certificates, prin
cipal ---------- ------------------2,907 50
Investment certificates, dividends __________________
269 52
Overdrafts and bills payable7,000 00
Loans due and incomplete___
437 50
All other liabilities, withdrawal f e e ______________
113 00
Total assets
_________ $32,733 74
Receipts for Fiscal Year.
Balance from last report____
Paid-up and prepaid certificates, d u es---------------------Investment certificates------Interest --------------------- —
F e e s --------- — ------- -----Loans r e p a id _____________
Advances repaid, personal acco u n ts---------------------------All other receipts, insurance
commission, e t c ._________
Total liabilities------------
Disbursements for Fiscal Year.
$701 40 Overdrafts and bills payableLoans on mortgages and
2,150 00
sh a res---- ---------------------933 50 Interest p a id ______________
3,344 49 Paid-up and prepaid shares,
c a p it a l__________ _______
88 40
5,732 63 Paid-up and prepaid shares,
dividends_______________
668 03 Investment certificates, princ ip a l---------- ------------------160 15 Investment certificates, divid e n d s _____________ _____
Advances personal accountsSalaries -------------------------T a x e s ____________________
Other expenses____________
All other disbursements------Balance, cash in office and
b a n k __ ______________ __
Total receipts_________ $13,877 60
$1,030 50
5,812 50
592 35
2,025 00
438 18
952 00
55
804
445
1
319
57
17
45
00
30
35
30
1,344 50
Total disbursements____ $13,877 60
Installment Shares, With Age, Value, and Withdrawal Value.
Dayton plan.
Dues 50 cents per share per month.
Dividend, last fiscal year, 6 per cent.
Book value, dues plus dividend.
Withdrawal value, full book value.
$32,733 74
110
REPORT ON BUILDING AND LOAN ASSOCIATIONS.
FOREIGN ASSOCIATION.
S A L T L A K E C IT Y , U T A H .
WESTERN LOAN AND BUILDING COMPANY.
(Incorporated April —, 1892.)
D r. J ohn T. W hite , Secretary.
P. W. Madsen, President.
Statement of condition June 30, 1916.
(Examination July 8-13, 1916.)
No. of series, 141.
No. of shares, 131,256.
Assets.
20
46
00
39
17
50
09
09
Total a ss e ts--------------- $2,312,679 90
Permanent reserve stock__ $150,000
Guaranty fund stock---------75,000
Installment sto c k _________ 1,522,494
Prepaid s to c k ____________
50,508
Full-paid sto c k ___________
32,500
194,363
“S” sto c k ________________
Extra payments on stock—
50,918
Dividends u n p aid _________
421
Incomplete lo a n s _________
9,745
Sundry ledger accounts___
2,568
124,595
Reserve fu n d _____________
Undivided p ro fits-------------99,012
Forfeiture account, Wyo
ming ---------------------------552
Total liab ilities_______$2,312,679
I 8 1® 5 8 & 8 8 g K 8 8 8 8 8
Liabilities.
Loans, on definite contract,
$1,853,694.79; on shares,
$60,713.41 _____________ $1,914,408
Cash, in office, $6,299.50; in
banks, $194,988.96 ______ 201,288
Real estate, office building_
45,000
Other real estate--------------111,038
Advances to borrowers_____
28,597
Advances, insurance and
taxes ---------------------------7,231
Advances, sundry_________
3,970
Advances to agents-----------1,146
828S888
California Business.
Shares of stock in force-------------------------------------------------------------------12,1
Dues paid on same-----------------------------------------------------------------------------$57,924
Loans in force, face value----------------------------------------------------------------- 151,863
Repayments on sa m e ________________________________________________ 27,142
Face value of loans on deposit with the State of California-------------------- 78,350
Repayments on same------------------------------------------------------------------------- 17,581
Net v a lu e ---------------------------------------------------------------------------------------- 60,768
@FedFRASER