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Public
No. 8
Document
®I|? ffl0mmottm?altl|
nt iiafisarljUBfttB
ANNUAL REPORT
OF THE
Commissioner of Banks
FOR THE
Year ending October
PART
31, 1925
III
RELATING TO
CO-OPERATIVE BANKS, SAVINGS AND LOAN
ASSOCIATIONS
Depaktment of Banking and Insurance
Publication op this Document appboved by the Commission on Administration and Finance
500
2-'26
Order 4141
©Ijr Cotnmimitt^altty
of liai0Barlj«0dtB
Office of the Commissioner of Banks,
State House, Boston, January 19, 1926.
To the Honorable Senate and House of Representatives of
the
Common-
wealth of Massachusetts in General Court assembled.
In accordance witli the provisions of General Laws, Chapter 167, section
I have the honor to submit the following abstract of the annual report
The complete report of this department
of the Commissioner of Banks.
containing statements of the institutions under its supervision and other statistical information will be submitted as heretofore at a later date.
9,
Consolidated Statement of Besources of All Institutions under Supervision
of the Commissioner of Banks, October 31, 1925^
iii
P.D. 8, Part III.
year and have established a new record for such deposits. This increase, as
in the case of savings banks and co-operative banks, has been largely invested
in loans on real estate.
During this period trust companies have absorbed the business and affairs
of three national banks, and one trust company has been converted into a
national bank preparatory to consolidation with another national bank.
Three bills affecting trust companies, carrying the recommendation of this
department for favorable action, have been filed for legislative consideraOne measure will secure for trust companies privileges relative to the
tion.
establishment of additional offices now enjoyed by national banks; another
will enable such of our trust companies as are authorized to act in a fl.duciary capacity to administer estates and trusts which include property located
in other states, provided that such other states accord reciprocal privileges
to Massachusetts trust companies; the third measure, which is similar to a
national bank law, will remove from directors of trust companies certain
These measures are designed to
apparently unintentional restrictions.
broaden the service rendered by our trust companies and to enable them to
meet present day conditions and competition.
Co-OPEEATivE
Banks
There are two hundred and twenty co-operative banks now in operation
The increase in aggrein Massachusetts, an increase of three during 1925.
gate assets, 18.37 per cent since the last report, establishes another record
Their increasing popularity is based,
in the growth of these institutions.
not only upon the aid given to the individual home owner, but also upon the
opportunity for savings and investment offered through the medium of paidup and matured share certificates. The extent to which advantage of these
opportunities has been taken is indicated by an increase of $25,000,000 in
the amount of these certificates issued during the year.
It is a fact of unmistakable significance that while in 1920, after an existence of forty years, the resources of our co-operative banks amounted approximately to $174,000,000, in 1925 they reached a total of $369,000,000,
an increase of 113 per cent during the past five years.
Credit Unions
The
shown a substantial annual inappears evident that this rapid growth will continue.
The
inadequacy of the laws under which these institutions are operating and the
necessity for their revision has been commented upon in previous reports
and remedial legislation recommended.
The special committee, appointed
by the legislature in 1924, submitted definite recommendations regarding such
legislation, which, however, failed of adoption, having been referred to the
next General Court. In order that the members of these credit unions may
be given adequate protection, and that the proper development of the institutions may be promoted, favorable consideration of the proposed corrective
measures embodied in the bill so referred, is urgently advised.
crease,
assets of the credit unions again have
and
it
Private Bankers
Individuals, partnerships and corporations licensed by this department to
engage in the business of receiving deposits of money for safekeeping or for
the purpose of transmitting the same to foreign countries, have now been
operating for a full year under the provisions of General Laws, Chapter 169,
as amended by Chapter 473 of the acts of 1923. This legislation, by providing for larger bonds, has afforded more adequate protection to depositors, and
has corrected certain other unsatisfactory conditions.
Triennial Verification oe Depositors' Pass Books
The
triennial verification of depositors' pass books and accounts was made
during the first ten months of 1925 in all savings banks, savings departments
P.D.
iv
A
8,
Part III.
comparison of the percentage of
of trust companies and credit unions.
accounts and deposits verified in the years 1925 and 1922 is given below:
P.D.
8,
Part
III.
CO-OPERATIVE BANKS.
Co-operative Banks which have organized and commenced Business
Hyannis Co-operative Bank, Hyannis (Barnstable).
Telephone Workers' Co-operative Bank, Boston.
Falmouth Co-operative Bank, Falmouth.
Apr. 18, 1925
Apr. 30, 1925
June 9, 1925
Money
Additional Locations authorized during the Tear for the Collection of
under Provisions of G. L., Chap. 170, sec. 11
Number
Number
-7
........
.......
.........
of banks
of locations approved
Total number of banks having branches
Total number of branches
.
Permits issued
Number
to
.
.
.
.
.
•
•
36
110
216
harrow Money under Provisions of G.
issued, 262, to 111 banks.
.
L.,
Chap. 170,
see. 16.
Total amount authorized, $8,386,500.
Legislation enacted
2 (amending G. L., Chap. 170, sec. 9) Removing the requirement
that bonds of certain ofl&cers of co-operative banks be renewed every five
Chap. 16,
sec.
years.
STATEMENTS RELATING TO CO-OPERATIVE BANKS
INDEX
STATEMENT
NUMBER
.....
...........
..........
..........
...........
.........
.....
1.
Aggregate statement
2.
3.
4.
Comparative
of condition of all
5. Operating expenses
6. Statistics of business
7. Comparative exhibit of interest rates
of each year
8.
9.
10.
11.
12.
13.
14.
banks
profit and loss statements for the last three years
Matured shares
Receipts and disbursements for the year ending October 31, 1925
Vll
viii
viii
from 1915 to 1925 on outstanding loans on October 31
Comparative exhibit of dividend rates from 1914 to 1925
Rates of interest on real estate and share loans October 31, 1925
Real estate by foreclosure
Real estate by foreclosure and common-form mortgages, 1890 to 1925
Statement of shares matured since last report
Principal assets of banks from 1879 to 1925, inclusive
Principal liabiUties of banks from 1879 to 1925, inclusive
....
XI
sdi
xiii
xiv
XXV
xxvii
P.D.
8,
Part III.
STATEMENT
Aggregate Statement of Condition
P.D.
No.
8,
Part III.
1
OF All Co-opeeative Banks
LIABILITIES
P.D.
Vlll
STATEMENT
Receipts and Disbursements for the Year ending October
Receipts
8,
Part III.
No. 4
31,
1925
P.D.
8,
Part III.
IX
STATEMENT
No. 6
Statistics of Business
P.D.
STATEMENT
8,
Part III.
No. 7
Comparative Exhibit of Interest Rates from 1915 to 1925 on Outstanding
Loans on October 31 of Each Year
Amount
Percentage of Total Loans
of
Loans
Oct. 31, 1925
At 5 per cent
Between 5 and 6
$5,086,195 00
1925
1924
1923
1922
1.43
1921
1920
1919
1918
1917
1916
7.55 10.16 13.53 17.18 20.67 21.53
per cent
6.87 9.45 12.91 18.12 24.08 30.70 36.30 40.19
24,504, 923 00
At 6 per cent
231,809, 332 55 65.04 63.97 62.58 58.58 52.73 48.11 40.92 33.87
Between 6 and 6'/i(
per cent
.57
.64 1.05 1.08
.68
.76
.72
.66
2,043, 206 00
At 6s/io per cent (5
cents premium)
7.19 6.92 6.84 6.80 7.00 7.06 6.95 7.04
25,638, 969 00
Between 6Vio and 7
per cent
56,918 131 00 15.97 13.89 9.20 6.01 3.62 1.86 1.29
.96
At 7 per cent
2.76 2.73 3.80 3.76 3.49
9,846 ,150 00
.54
.17
.05
Between 7 and 8
241, 550 00
per cent
.07
.07
.10
.32
.31
.06
.03
.03
.04
.08
.02
At 8 per cent
105, 430 00
.38
.38
.01
At more than 8 per
cent
242,265 00
.07
.07
.05
.13
.02
.01
37.96
27.85
.
1.01
.
7.24
1.24
.
.11
.15
.05
.
STATEMENT
.01
No. 8
Comparative Exhibit of Dividend Rates from 1914 to 1925
RATE OF
1915
.01
.02
P D.
8,
Part III.
COMPAEATIVE EXHIBIT OF DIVIDEND RaTES FROM 1914 TO 1925
Number of Banks paying at Each Rate
RATE OF
DIVIDEND
(PER CENT)
5"/l6
53/4
1925
1924
1
1
26
21
12
1918
1920
1923
1917
1916
1915
1914
12
5V6
1
1
513/16
5.85
5V8
5.88
2
59/10
515/16
5.975
28
6
6V10
.
6V8
53/20
6V6
61/*
61/2
6V16
eVio
6V8
63/4
6V8
7
.
73/1
71/2
Totals
Average rate
220
217
211
210
206
202
190
186
184
183
179
174
5.55
5.52
5.49
5.47
5.39
5.20
5.27
5.31
5.32
5.26
5.24
5.20
STATEMENT
No. 9
Rates of Interest on Real Estate and Share Loans, October
Rate
31, 1925
:
P.D.
xii
STATEMENT
8,
Part III.
No. 10
Real Estate by Fokeclosure
Princi'pal
Balance as shown in statement of October, 1924, 33 estates
Acquired during the year ending October, 1925, 163 estates:
Total loans eliminated by foreclosure
$528,355
Interest and fines due at date of foreclosure
25,748
Taxes, insurance, etc., paid to date of foreclosure
10,911
Legal and other expenses to date of foreclosure
20,177
.
.
Value of shares credited to account
.
.
.
.
.
.
.
182,554 01
00
.
31
88
.
94
.
$585,193 13
66,842 46
518,350 67
$600,904 68
Received for 143 estates sold during year
Profits on estates sold during year
.
.
.
.
.
.
Losses on estates sold during year
Amounts charged off during year to cover depreciation or prospective loss
.
.
.
....
$455,162 39
24,110 12
$431,052 27
8,190 60
1,308 50
440,551 37
$160,353 31
Income and Expense
Rents, etc., received since October, 1924
Expenses and taxes paid since October, 1924
.
Net
deficit for
.
.
.
.
the year
$17,983 55
....
....
was disposed of as follows
to profit and loss
Deficit charged to profit and loss
This net
deficit
Income credited
$5,230 06
23,213 61
Income applied to reducing book value
Deficit applied to increasing book value,
.
-
$1,019 88
19,003 43
17,983 ^5
17,983 55
$17,983 55
Balance as shown in statement of October 31, 1925 (53 estates assessed at $162,755)
$178,336 86
P.D
.
8,
Part III.
xiii
STATEMENT
No. 11
Real Estate by Foreclosuee and Common-form Mortgages, 1890
to 1925
Loans
Share
cancelled
op
Shares
JO
Maturity
BY
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05
P.D.
8,
Part III.
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XXIV
P.D.
8,
Part III.
STATEMENT
Principal Assets of Co-operative
Year
P.D.
8,
XXV
Part III.
No. 13
Banks from 1879 to
Real Estate
by
Foreclosure
1925, inclusive
P.D.
8,
Part III.
STATEMENT
Principal Liabilities of Co-operative
Year
P.D.
8,
Part III.
No. 14
Banks from 1879 to 1925 inclusive
xxvu
ABSTRACT OF ANNUAL REPORTS OF THE CO-OPERATIVE
BANKS SHOWING THEIR CONDITION AT CLOSE OF
BUSINESS OCTOBER,
1925.
ABINGTON — NORTH ABINGTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 216 Union Street, Rockland, American Trust
Company, Boston, Abing^ton National Bank)
Incorporated March 23, 1888.
Began business April
4,
1888
Geo. D. Witherell, Treasurer
William C. Brett, President
Board of Directors: A. W. Ames, E. P. Boynton, W. C. Brett, A. N. Calkins, W. C. Oilman, J. M. Hayes,
A. L. Merrill, E. H. Naylor, G. W. Orcutt, J. A. Radcliffe*, A. I. RandaU, A. B. Reed, F. E. Shaw*, F. G.
Wheatley*, G. D. Witherell.
Regular meetings for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on
real estate
Liabilities
1925
2
P.D.
8,
Part III.
ADAMS — ADAMS CO-OPERATIVE BANK
Incorporated December 17, 1895.
George B. Adams,
Began business March
10,
1896
Frank Hanlon, Treasurer
Presiderit
Carney*, A. M. Daniels, Hector Desautels, A. E. Green,
S. L. A. Hall*, A. A. Jones, Henry Kaiser, C. J. Menard, W. S. Morton, D. A. Murphy, F. R. Shaw,
F. "W. Smith, P. P. Smith*, P. J. Vrabel.
Board
of Directors: E.
H. Arnold, R. C. Buntin,
J. J.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Certificate of deposit
Cash
$864,960
24,235
20,000
8,176
00
00
00
42
$917,371 42
1925
P.D.
8,
Part III.
Rates and Averages on Loans
S7Z
4.4
average rate, 6.3%): 6.3%, $662,360.
share loans (average, $329 each; average rate, 6.3%): 6.3%, $14,470.
real estate loans (average, $1,780 each;
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
4
P.D.
8,
Part III,
Board of Directors: C. W. Allen, G. G. AUen*, S. M. Bartlett, "W. G. Bott, J. G. Brackett, W. T. Chamberlain,
E. L. Churchill, J. O. Holt*, C. A. Moore, W. A. Pierce*, H. A. Phinney, S. M. Richardson, G. O. RusseU,
C. H. Stevens, F. P. Winn, Daniel Wyman, A. O. Yeames.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans
Loans
Loans
Taxes
on real estate
on shares
on matured share
.
paid
Personal accounts
Suspense
.
.
32,273 00
800 00
925 96
20 44
100 00
60,611 25
,
certificates
.
.
.
......
.
Cash
.
,987,100 00
.
.
.
.
,
.
.
.
.
Dues capital
.
Profits capital
Matured share
Paid-up
....
....
.
.
Forfeited share account
Guaranty fund
Surplus.
.
.
Due on uncompleted
cates
$2,081,830 65
Shares
....
....
....
....
Issued during year
9,395
Withdrawn during year
3,320
Forfeited during year
77
Matured during year
551
Shares in force
30,620
Shares now pledged
11,069
Matured shares represented by certificates
969
Paid-up shares represented by certificates
363
New series issued in February, May, August, No-
vember.
.
.
.
.
.
.
.
.
loans
.....
.....
Dividends on paid-up share
cates
.
certificates
share certificates
Dividends on matured share
.
1925
Liabilities
certifi-
certifi-
$1,394,531 00
P.D.
8,
Part
III.
Membership
Shares
....
....
....
....
.....
....
Forfeited dxu-ing year
3,471
1,462
5
Matured during year
493
Issued during year
Withdrawn during year
11,874
Shares in force
5,929
Shares now pledged
1,587
Mattured shares represented by certificates
588
Paid-up shares represented by certificates
New series issued in February, May, August, November.
Members
Members who
1,284
— are borrowers
602
Unmatured shares
Matured share certificates
1,118
Holders
of:
Paid-up share
Profits Distributed
Unmatured Shares
second term, 1%%; third term,
fourth term, l%%.
First term,
1^%;
249
107
certificates
1%%;
Matured and Paid-up Share
First term, 1
1M%;
14%
Proportion of profits retained on voluntary withdrawals,
555
$06
14
4
'•
50%
Rates and Averages on Loans
6%, $987,100.
reaZ estote toans (average, $1,435 each; average rate, 6%)
share loans (average, $124 each; average rate, 6%): 6%, $25,445.
loans on matured share certificates: 6%, $5,450.
loans on paid-up share certificates: 6%, $1,040.
:
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
second term,
fourth term,
on
1
Certificates
}^%
1M%.
last dividend.
;
third term,
P.D.
8,
Part
III.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,041.63
2.08
$291.58
$199.75
.58
.40
Other
Expenses
$726.19
1.45
Total
$2,259.15
4.51
AVON — AVON CO-OPERATIVE BANK
Incorporated February 24, 1914.
Began business March
Benjamin F. Hunt, President
Board of Directors :
1914
5,
Arthur A. MacDonald, Treasurer
J. J. Collins,
E. C. Crane, F. "W. Crane, J. T. Dolan*, J. A. GiU, J. A. Gilligan, B. F. Hunt,
A. A. MacDonald, P. E. McGonnigle, F. P. McNiff*. D. A. Nelson*,
W. W. Littlefield, W. P. Lorch,
W. S. Reynolds, R. H. Sheehan.
Regular meetings for receipt of moneys the
first
Thursday
month.
of every
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.
1925
Liabilities
.
$156,160 GO
3,995 00
1,785 00
74 94
4,787 66
Dues
$97,367 00
19,301 52
31,000 00
capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
1,000 00
710 40
Forfeited share account
Guaranty fund
1,338 51
652 19
1,317 33
38 30
50
66 85
14,000 00
Surplus
Interest
Fines
Transfer fees
.
Withdrawal
Bills
profits
payable for money borrowed
$166,792 60
$166,792 60
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matvired shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, September.
619
368
41
261
Members
Members who
Holders
are borrowers
....
...
of:
Unmatured shares
Matured share certificates
2,404
907
Paid-up share
certificates
155
5
Paid-up Share
Proportion of profits retamed on voluntary withdrawals,
none.
25% on
series less
Rates and Averages on Loans
average rate, 6%): 6%, $156,150.
$363 each; average rate, 6%): 6%, $3,995.
Salaries
paid for
.
Cost per $1,000 of assets
$250.00
1.49
...
261
100
248
23
2
Rent
Certificates
than 7 years old; after 7 years,
Total Expenses for Year
Amount
.
2}4%; second term, 2}4%.
real estate loans (average, $1,754 each;
11 share loans (average,
.
Profits Distributed
Unmatured Shares
First term, 3%; second term, 3%.
First term,
89
.
/•ertising
P.D.
8,
Part
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Temporary expense account
....
Insurance and taxes paid
Cash
1925
Liabilities
$244,260 00
7,190 00
444 00
117 10
5,568 77
Dues capital
Profits capital
$167,443
35,951
16,000
18,400
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
283
Guaranty fund
5,061
2,147
3,932
Surplus
Interest
Fines
43
Withdrawal
Bills
Due
67 15
6,000 00
2,250 00
profits
payable for money borrowed
on uncompleted loans
$257,579 87
$257,579 87
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in January, July.
582
280
13
Members
Members who
Holders
of:
— are borrowers
....
...
Unmatured shares
Matured share certificates
60
3,250
1,409
80
Paid-up share
certificates
.
Proportion of profits retained on voluntary withdrawals,
25%
on
2^%;
series less
Total Expenses for Year
Salaries
.
385
13
17
Certificates
second term, 2}^%.
than 5 years old; after 5 years,
Rates and Averages on Loans
paid for
409
201
3%; second
177 real estate loans (average, $1,380 each; average rate, 6.22%): 6%, $135,660; 6H%, $108,600.
38 share loans (average, $257 each; average rate, 6.37%): 6%, $1,900; 63^%, $5,290.
Cost per $1,000 of assets
,
...
Matured and Paid-up Share
First term,
.
Profits Distributed
Unmatured Shares
term, 3%.
92
First term,
Amoimt
00
98
00
00
21
30
23
35
65
P.D.
....
....
.....
4,431
Issued dviring year
90
4,341
Shares in force
119
Shares now pledged
9
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Withdrawn during year
.
.
.
.
.....
Members
Members who
Holders
of:
— are borrowers
.
Unmatured
H%;
Certificates
fourth term,
Proportion of profits retained on volimtary withdrawals, none.
Rates and Averages on Loans
7%): 7%, $23,800.
,164 each; average rate,
Total Expenses for Year
Salaries
paid for
Cost per $1,000 of assets
.
Rent
vertising
570
11
3
Profits Distributed
Unmatured Shares
Third term, J^%; fourth term, 1M%-
Paid-up Share
Amount
Part III.
568
shares
Paid-up share certificates
Third term,
11 real estate loans (average.
8,
Membership
Shares
1M%.
P.D.
8,
Part III.
Total Expenses for Year
Amount paid
for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$8,377.78
4.01
$610.50
$884.40
.29
.42
Other
Expenses
$4,803.15
2.30
Total
$14,675.83
7.02
BEVERLY — BEVERLY CO-OPERATIVE BANK
Incorporated August 25, 1888.
Began business September
George P. Brown, President
18,
1888
Charles F. Lee, Treasurer
Harrie L. Ober, Assistant Treasurer
Board of Directors: F. E. Alger, G. P. Brown*, Samuel Cole, F. I. Cressey, J. H. Girdler*. J. F. Hill, C. FLee, Thomas Lund, C. E. Ober, H. L. Ober, R. P. Pope, John Prince, L. P. Stanton, E. S. Webber*
H. W. Woodberry.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Liabilities
1925
P.D.
10
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Temporary expense account
Cash
1925
Liabilities
Assets
$32,900 00
2,690 00
16 70
788 90
8,260 67
....
Personal acooiints
Part III.
.
Dues capital
Profits capital
$36,036
4,240
3,800
138
159
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
79 14
187 33
5 78
1 49
8 00
Interest
Fines
00
53
00
35
65
.
Withdrawal profits
Security committee
$44,656 27
$44,656 27
Membership
Shares
....
....
.....
....
572
Issued during year
343
Withdrawn during year
1,295
Shares in force
Shares now pledged
308
19
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Members
Members who
Holders
of:
133
32
— are borrowers
Unmatured
124
shares_
Paid-up share
11
certificates
Profits Distributed
Unmatured Shares
First term, 1%%; second term, 1%%;
13^%; fourth term, 1M%.
First term, 1
1H%;
Paid-up Share Certificates
second term, 1
}4%
;
fourth term,
1M%.
M%
;
third term,
third term,
Proportion of profits retained on voluntary withdrawals, 25% on series not over 2 years old; after 2 years,
none.
IS real
estate loans (average,
Rates and Averages on Loans
6%, $32,900.
rate, 6%): 6%, $2,690.
$2,742 each; average rate, 6%):
SO share loans (average, $134 each; average
Total Expenses for Year
Amoimt
....
...
paid for
Cost per $1,000 of assets
.
Salaries
-
Rent
-
-
Advertising
.
P.D.
5 real
8,
Part
11
III.
estate loans (average,
Rates and Averages on Loans
$2,100 each; average rate, 6%): 6%, $10,500.
Total Expenses for Year
Salaries
Amount paid
for
Rent
Other
Expenses
$206.19
13.05
Advertising
.
Cost per $1,000 of assets
Total
$206.19
13.05
BOSTON — BACK BAY CO-OPERATIVE BANK
31
MILK STREET
(Other authorized locations for receipt of moneys: Atlantic National Bank, Boylston Branch,
and Federal National Bank, Back Bay Branch)
Incorporated March 18, 1919.
Forris
W.
Began business April
1,
1919
Norris, President
J.
Edward Barry,
Treasurer
Board of Directors: J. E. Barry, W. T. Belcher, A. I. Bicknell, S. W. Flax*, Catherine Gannon, T. E. Glavin,
F. W. Norns*, B. A. Richardson, I. H. Rosenbaiim, J. M. RothweU (* one vacancy)
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Cash
1925
Liabilities
$179,150 00
8,599 00
2,241 96
Dues
capital .
Profits capital
.
00
97
00
00
1,992 22
6,051 52
$154,097
21,504
3,200
230
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
Interest
Fines
....
1,010 10
20 25
20 62
Withdrawal profits
Due on uncompleted loans
1,675 00
Personal accounts
Dividends on paid-up share
111 78
.
certifi-
37 50
40 00
cates
Overs and shorts
.
$189,990 96
$189,990 96
Membership
Shares
Issued during year
954
Withdrawn during year
818
Forfeited during year
30
Shares in force
3,879
Shares now pledged
1,305
Paid-up shares represented by certificates
16
New series issued in January, April, July, October.
Members
Members who
297
65
are borrowers
Holders of:
Unmatvu^ed shares
Paid-up share certificates
—
293
4
Profits Distributed
Unmatured Shares
First term, 11^6%; second term, V/iffo\ third term,
fourth
term,
VA&%.
V/^ffo;
First term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
1M%.
1H%;
25% on series less than 5 years old; 10%
fourth term,
Proportion of profits retained on volimtary withdrawals,
after 5 years.
Rates and Averages on Loans
34 real estate loans (average, $5,269 each; average rate, 6.10%): 6%, $160,950; 7%, $18,200.
31 share loans (average, $277 each; average rate, 6%): 6%, $8,599.
Total Expenses for Year
Amoimt
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$614.47
3.25
$90.00
$35.60
.47
.18
Other
Expenses
$194.22
1.03
Advertising
Total
$934.29
4.93
BOSTON — BELLEVUE CO-OPERATIVE BANK
1882
CENTRE STREET (WEST ROXBURY DISTRICT)
(Other authorized location for receipt of moneys: Roslindale Branch of First National
Boston)
Incorporated December
Harold R.
15, 1920.
Began business January
17,
* Security Committee.
of
1921
Edward Fruh,
Duffie, President
Bank
Treasurer
12
P.D.
Part
8,
III.
W.
Clark, J. W. Cullen, J. H. Dearborn, L. J.
Dickey, S. W. C. Downey, H. R. Du&e, Richard Duffie*, Frank East, R. T. Fowler*, Albert Fruh, Edward Fruh, C. H. Oilman, J. M. Graham, C. L. Havey, J. F. Henderson, J. T. Hosford*, G. C. McClellan.
T. J. McLaughlin, W. T. McLaughlin, W. R. Messer, H. L. Morse, F. H. Newton, R. O. Pacht, P. S.
Peters, F. T. Towle, H. C. Towne, I. H. Ward, J. A. Whittemore, Jr., G. S. WiUiams, R. G. Wilson, Jr.
Board of Directors:
J.
E. Aitken, L.
S.
Breed, T. P. Buckley, A.
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
1925
Liabilities
$237,500
9,260
277
7,769
00
00
08
16
Dues capital
Profits capital
$204,263
19,140
23,600
244
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
1,287
1,666
1,271
Interest
Fines
20
.
Withdrawal profits
Due on tmcompleted loans
12
3,300
$254,806 24
00
95
00
00
65
37
62
09
56
00
$254,806 24
Membership
Shares
....
....
.....
....
Issued during year
1,708
Withdrawn during year
1,039
Shares in force
6,754
Shares now pledged
1,581
Paid-up shares represented by certificates
118
New series issued in January, April, July, October.
......
...
—
Members
Members who
Holders
of:
Unmatured
are borrowers
shares
Paid-up share
....
...
certificates
549
77
545
21
Profits Distributed
Unmatured Shares and Paid-up Share Certificates
1M%; second term, 1H%', third term,
First term,
Proportion of profits retained on voluntary withdrawals,
1H%; fourth term, 1M%.
20% on series less than 5 years old;
Rates and Averages on Loans
48 real estate loans (average, $4,948 each; average rate, 6%): 6%, $237,500.
S9 share loans (average, $319 each; average rate, 7%): 7%, $9,260.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
after 5 years, none.
•
-
P.D.
8,
Part
13
III.
Membership
Shares
....
....
....
.....
....
28,006
Issued during year
Withdrawn during year
13,450
3,394
Matured during year
64,135
Shares in force
33,066
Shares now pledged
Matured shares represented by certificates
8,341
Paid-up shares represented by certificates
698
New series issued in February, May, August, No-
vember.
....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
5,166
1,233
.
4,312
1,177
91
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, VXi%; second term, V4ii%; third term,
VAi%\ fourth term, V4^%.
Paid-up Share
First term,
1M%;
Certificates
1J^%; second term,
fourth term,
1M%;
third term,
1M%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,027 real estate loans (average, $5,073 each; average rate, 6.2%): 5%, $130,650; 5M%, $8,000; 5 5^%,
$46,050; 5^%, $13,500; 6%, $2,515,975; 6M%, $196,350; 6}^%, $2,202,425; 6M%, $69,700; 7%,
$18,300; 7M%, $8,100; 7Ji%, $1,100.
S06 share loans (average $384 each; average rate, 6.38%): 5%, $120; 5M%, S320; 5H%, $40; 6%,
$34,175; 6M%, $800; 6H%, $30,045; 6M%, $5,990; 7%, $3,340; 7M%, $2,020; 7^%,, $140; 7?^%,
$200; 8%, $1,700; 9%, $70; 9 54%, $130.
7 loans on matured share certificates: 6%, $2,630; 6J^%, $3,980; 6M%, $240; 7%, $60.
Total Expenses for Year
Salaries
Amoimt
paid for
.
Cost per $1,000 of assets
14
P.D.
8,
Rates and Averages on Loans
159 real estate loans (average, $4,393 each; average rate, 6.05%): 6%, $663,450; 7%, $35,150.
Ill share loans (average, $258 each; average rate, 6%): 6%, $28,685.
Total Expenses for Year
Amount paid
....
for
Cost per $1,000 of assets
Salaries
Part III.
P.D.
8,
Part III.
15
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Bonds and notes
Loans on real estate
$550 00
310,525 00
11,010 00
295.00
116 50
Loans on shares
Loans on paid-up share certificates
Temporary expense accoiint
Dividends on paid-up share certificates
Cash
....
.....
Dues
$248,112 00
41,725 58
8,400 00
21,200 00
776 85
4,343 50
13,708 32
3,371 60
87 53
51 58
37 50
capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
25 00
19,292 96
Surplus
Interest
Fines
.
Withdrawal profits
Security committee
$341,814 46
$341,814 46
Membership
Shares
....
....
....
....
Issued during year
1,745
Withdrawn during year
1,406
138
Matured diu-ing year
Shares in force
6,244
Shares now pledged
1,640
42
Matured shares represented by certificates
106
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
.
.
.
.
....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
1M%;
612
4
21
certificates
1M%;
Paid-up Share Certificates
}i% second term, 1
fourth term, lii%.
First term, 1
1M%;
628
159
Profits Distributed
Unmatured Shares
second term, 1M%; third term,
fourth term, 13^%.
First term,
',
M%
Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old;
5 years; 10% from 5 to 6 years; 5% from 6 to 7 years; after 7 years, none.
Rates and Averages on Loans
133 real estate loans (average, $2,334 each; average rate, 6.86%): 6%, $43,150; 7%, $267,375.
37 share loans (average, $297 each; average rate, 6.80%): 6%, $2,100; 7%, $8,910.
6 loans on paid-up share certificates: 7%, $295.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
1925
;
third term,
15% from
4 to
16
P.D.
Shares
8,
Part III.
Membership
....
....
....
.....
....
Members
Members who
Issued during year
2,562
1,373
Forfeited during year
100
Shares in force
7,660
Shares now pledged
1,682
Paid-up shares represented by certificates
144
New series issued in March, June, September, De-
Withdrawn during year
Holders
756
98
— are borrowers
of:
Unmatured
shares
Paid-up share
737
32
certificates
Profits Distributed
Unmatured Shares and Paid-up Share Certificates
1J^%; second term, 1M%; third term,
cember.
First term,
1M%;
fourth term,
1H%-
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
76 real estate loans (average, $3,673 each; average rate, 6.50%): 6}4%, $279,150.
es share loans (average, $338 each; average rate, 6.65%); 6 j|%> $5,150; 7%, $2,295.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,536.43
.
5.08
Rent
$666.68
2.20
Advertising
$10.33
.03
Other
Expenses
$761.42
2.62
Total
$2,974.86
9.83
BOSTON — CONGRESS CO-OPERATIVE BANK
10
Incorporated August
4,
STATE STREET
1924.
Began business August
Philip L. Garret, President
11,
1924
Irwin
S.
Decker, Treasurer
Board of Directors: W. B. Alexander, David Black, Allan Brooks, P. L. Garret, J. F. Growley, I. S. Decker,
WiUiam Everett, G. W. Foster*, E. F. Gray, William Ittman, Gilbert King, L. E. Knox, T. F. Lyons,
R. A. Pease, N. E. Peterson*, James Reid, Jr., A. J. C. Underbill, D. C. White, Jr.*.
Regular meetings for receipt of moneys the second
Monday
of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Cash
Liabilities
$79,500 00
1,064 00
8,066 15
$88,630 15
1925
P.D.
8,
Part III.
17
BOSTON — DORCHESTER
50
CO-OPERATIVE BANK
STATE STREET
(Other authorized locations for the receipt of moneys: Blue Hill National Bank, Milton;
Corner and Fields Corner Branches of First National Bank, Boston)
Incorporated August 21, 1890.
Walter
S.
Began business September
10,
Uphams
1890
Pinckney Holbrook, Treasurer
Fox, President
Evelyn C. Meehan, Assistant Treasurer
Board of Directors: Asaph Churchill*, W. S. Fox*, I. C. Hersey, Pinckney Holbrook*, E. E. Jobling, Edward
Lanning, R. D. Mossman*, G. S. Parker, J. H. Pierce*, N. W. Robinson*, C. W. Rollins, John Talbot*.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
...
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Taxes paid
Cash
....
.....
1925
Liabilities
00
00
00
00
82
212 46
45,851 11
Sl,555,425
35,876
2,458
1,025
1,753
Dues capital
Profits capital
00
25
00
00
00
00
12,637 33
S975,039
177,904
248,600
162,200
6
30,700
.
Matvired share certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
15,387
179
193
19,609
145
.
Withdrawal profits
Due on uncompleted loans
Security committee
$1,642,601 39
$1,642,601 39
Membership
Shares
Issued during year
Withdrawn
5,984
3,552
13
diiring year
Forfeited during year
Matured during year
16
95
21
49
00
Members
Members who
Holders
749
22,428
Shares in force
Shares now pledged
8,593
Matured shares represented by certificates
1,243
Paid-up shares represented by certificates
811
New series issued in March, June, September, December.
of:
1,982
— are borrowers
.
.
.
.
Paid-up share
.
.
.
certificates
Profits Distributed
Unmatured Shares
second term, 1
fourth term, 1^%.
1%%;
%%
%%
;
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
.
Unmatured shares
Matured share certificates
First term, 1
20%
1)4%; second term,
fourth term,
during
591
....
.
first
;
1,848
209
129
third term,
Certificates
1M%;
third term,
1K%.
4 years; after 4 years, none.
Rates and Averages on Loans
$2,963 each; average rate, 5.95%): 5%, $300; 5}^%, $134,950; 6%, $1,420,175.
62 share loans (average, $578 each; average rate, 6%): 5}^%, $90; 6%, $35,786.
3 loans on matured share certificates: 6%, $2,458.
1 loan on paid-up share certificates: 6%, $1,025.
5:^5 reaZesfoieZoans (average,
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$7,064.25
4.30
.
Rent
Advertising
Other
Expenses
$750.00
$381.14
$1,336.54
.46
.23
.81
Total
$9,531.93
5.80
BOSTON — DUDLEY CO-OPERATIVE BANK
53
WARREN STREET (ROXBURY
DISTRICT)
(Other authorized location for the receipt of moneys: Room 216, Tremont Building, Boston, and
1050 Dorchester Avenue, Dorchester)
Incorporated March 29, 1922.
Began business April
10,
1922
John C.
C. Joseph Connell, President
L. Dowling, Treasurer
A. T. Brooks, J. B. Cassidy, R. V. Coleman*, C. J. Connell, John Cudmore, T. J. Cudmore,
T. A. DonneUy*, J. C. L. Dowling*, W. A. Gaston, E. L. Hanrihan, V. A. Heath, J. D. Lucas, G. H.
McCaffrey, S. C. Mclntire, A. G. O'Malley*, A. J. Post, D. F. Sennott*, Alexander Sullivan, F. F. Vogel.
Board
of Directors:
Regular monthly meeting for receipt of moneys second
* Security Committee.
Monday
of each
month.
P.D.
18
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
$197,820 76
Part III.
1925
P.D.
8,
Part III.
19
Membership
Shares
Issued during year
....
....
.....
....
Withdrawn during year
1,178
1,187
Shares in force
4,381
Shares now pledged
1,517
Paid-up shares represented by certificates
112
New series issued in March, June, September, December.
......
...
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Paid-up share
....
...
certificates
Profits Distributed
Unmatured Shares
First term, 1
second term, 1
;
1^%; fourth term, 1?^%.
%%
%%
Paid up Share
First term, 1}4,%;
1M%;
Proportion of profits retained on voluntary withdrawals,
25%
the
first
1M%.
6 years;
Salaries
Amovmt
paid for
Cost per $1,000 of assets
.
Rent
18
;
third term,
1M%;
third term,
after 6 years, none.
Rates and Averages on Loans
69 real estate loans (average, $3,369 each; average rate, 6.86%): 6%, $26,000; 7%, $172,800.
35 share loans (average, $285 each; average rate, 6%): 53^%, $500; 6%, $9,491.70.
1 loan on paid-up share certificates: 6%, $100.
Total Expenses for Year
403
Certificates
second term,
fourth term,
417
95
•
P.D.
20
8,
Part III.
BOSTON — EUREKA CO-OPERATIVE BANK
936 TREMONT STREET
(Other authorized location for receipt of moneys: 559 Massachusetts Avenue, Cambridge)
Incorporated August
2,
1910.
Began business September
George H. P. Ganaway, President
1910
1,
David E. Crawford, Treasurer
Board of Directors: D. E. Crawford*, J. O. Credle*, Walter Forster, G. H. P. Ganaway*, W. H. Hamilton,
W. A. Hemingway, F. N. Johnson, S. L. Merchant, H. W. Pinn, J. P. Shelton*, R. A. Simons, A. W.
Wade, C. W. Whaley, Nina C. Wilson.
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share
.
.
.
certificates
Temporary expense account
......
Suspense
Cash
.
.
.
.
1925
Liabilities
.
$26,600 00
1,414 25
100 00
10 00
2 67
763 58
Dues
$19,473 00
3,564 82
1,800 00
capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
800
724
634
588
903
314
.
.
Guaranty fund
Surplus
Interest
Fines
65
44
85
38
16 09
....
.
.
00
08
Withdrawal profits
Dividends on matured share
6 19
certifi-
45 00
cates
Dividends on paid-up share
certifi-
20 00
cates
$28,890 50
$28,890 50
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, September.
147
124
45
25
429
209
9
4
......
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
....
Paid-up share
First term,
84
4
2
certificates
Profits Distributed
Unmatured Shares
second term, 2}4%.
2M%;
Matured and Paid-up Share
First term,
90
35
Certificates
2}^%; second term, 2}^%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rat«s and Averages on Loans
SS real estate loans (average, $1,209 each; average rate, 5.86%): 514%,
IS share loans (average, $108 each; average rate, 6%); 6%, $1,414.25.
1 loan on matured share certificates: 6%, $100.
3,550;
6%,
$17,050;
6^%,
$1,000.
Total Expenses for Year
Salaries
Amount paid
Cost
Rent
Other
Expenses
$170.26
5.89
Advertising
$24.00
for
per $1,000 of assets
.
.84
Total
$194.26
6.73
BOSTON — FANEUIL CO-OPERATIVE BANK
598 WASHINGTON. STREET (BRIGHTON DISTRICT)
(Other authorized location for receipt of moneys: Room 940, 18 Tremont Street, and 195 Massachusetts Avenue, Boston)
Incorporated April 10, 1916.
Began business
May
9,
1916
Thomas King,
Frederick T. Conley, President
Treasurer
Board of Directors: A. R. Belmont, E. P. Burke, F. T. Conley, P. J. Donaghue, P. J. Donnellan, A. R. Frost*,
Thomas King*, J. F. Kinney*, F. L. Maguire, W. J. O'Connor*, J. B. Welch, H. B. Young*.
Regular meetings for receipt of moneys the second Tuesday of each month.
* Security Comjiiittee.
P.D.
8,
Part III.
21
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
Loans on real estate
Loans on shares
Permanent expense account
Cash
$107,436
2,920
392
11,148
....
00
00
82
93
Dues
$80,877 00
10,377 43
11,800 00
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Surplus
BiUs payable for money borrowed
Dividends on paid-up share certificates
.
.
.
.
169 12
,
$121,897 75
24
06
90
00
1,958
1,376
5,339
10,000
.
Guaranty fund
$121,897 75
Membership
Shares
....
....
....
Issued during year
799
Withdrawn during year
735
Shares in force
2,392
Shares now pledged
653
Paid-up shares represented by certificates
59
New series issued in February, May, August, No-
vember.
Members
Members who
220
47
are borrowers
Holders of:
Unmatitted shares
Paid-up share certificates
—
213
19
Profits Distributed
Unmatured Shares
First term, 1%%', second term, VXi%\ third term,
l'/i'6%; fourth term, l''4i%.
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25% on
fourth term,
series less
1M%-
than 6 years old; after 6 years,
Rates and Averages on Loans
36 real estate loans (average, $3,069 each; average rate, 6.79%): 6%, $15,200; 6}4%, $14,000; 7%, $78,236.
IS share loans (average, $244 each; average rate, 7%): 7%, $2,920.
Total Expenses for Year
Salaries
Amoimt
Rent
Other
Expenses
$679.30
5.57
Advertising
paid for
Cost per $1,000 of assets
.
Total
$679.30
5.57
BOSTON — FARRAGUT CO-OPERATIVE BANK
236
K STREET (SOUTH BOSTON
Incorporated December 30, 1909.
DISTRICT)
Began business February
Guilford D. Brown, President
15,
1910
Theodore L. KeUy, Treasurer
Board of Directors: G. D. Brown*, Allan Campbell*, C. J. Collins, J. H. Corney, A. G. Hawley, T. L. Kelly,
H. T. Morse, J. C. Murphy, Richard Nason, M. J. O'Leary, P. F. Pfund, C. W. Pike*, E. J. Powers,
P. H. Raftery*, J. J. Rooney, E. R. Spinney*, E. H. WiUey, A. R. Wood.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on paid-up share
Unpaid interest
Unpaid fines
Cash
certificates
....
.....
1925
Liabilities
$264,800
4,975
175
306
74
16,577
....
00
00
00
07
Dues capital
Profits capital
65
09
Forfeited share account
Matured share account
Matured share
Paid-up
certificates
share certificates
Guaranty fimd
Surplus
Security committee
.
.
.
.
.
.
.
.
.
.
.
...
...
Dividends on matured share
cates
00
00
80
27
49
93
00
811 25
certifi-
236 43
$286,907 81
$286,907 81
* Security
00
64
certifi-
cates
Dividends on paid-up share
$164,500
27,040
62,000
19,800
119
16
5,143
7,164
75
Committee.
22
P.D.
Issued diiring year
....
....
....
.....
....
Withdrawn during year
Forfeited diu-ing year
Matured during year
.
8,
Part
III.
Membership
Shares
.
.
.
1,178
857
32
132
4,577
1,658
Shares in force
Shares now pledged
Matiu-ed shares represented by certificates
310
Paid-up shares represented by certificates
99
New series issued in February, May, August, November. ^
Members
Members who
478
— are borrowers
130
Unmatured shares
Matured share certificates
432
59
29
Holders
of:
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1J^%; second term, 1%%; third term,
1%%; fourth term, 1^%.
First term,
1M%;
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on series
4 to 5 years old; 15% on series 5 to 6 years old; 10% on series 6 to 7 years old; 5% on series 7 to 8
years old; after 8 years, none.
Rates and Averages on Loans
5J^%, $28,850; 6%, $170,450;
1 OS real estate
loans (average, $2,571 each; average rate, 6.08%):
$59,600; 7%, $5,900.
41 share loans (average, $121 each; average rate, 6%): 6%, $4,975.
1 loan on paid-up share certificates: 6%, $175.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$412.50
1.44
Rent
Ivertising
6H%,
P.D.
23
Part III.
8,
Rates and Averages on Loans
275
real estate loans (.RveTage, $3fi2i
$69,750;
6^%.
each;
average rate,
6.24%):
5%,
$9,500;
53^%, $166,990;
6%,
$585,360.
1S4 shm-e loans (average, $163 each; average rate, 6%): 6%, $20,230.
7 loans on matured share certificates: 6%, $4,020.
4- loans on paid-up share certificates: 6%, $2,260.
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Salaries
Rent
$2,882.10
3.22
$1,564.48
1.74
Advertising
$391.62
.44
Other
Expenses
$1,040.08
1.16
Total
$5,878.28
6.56
BOSTON — FOREST HILLS CO-OPERATIVE BANK
3720
WASHINGTON STREET (FOREST HILLS DISTRICT)
(Other authorized location for receipt of moneys:
21
Incorporated
John
S.
March
Bank
of
Commerce and Trust Company,
Milk Street, Boston)
20, 1914.
Began business April
23,
1914
fFrank Donnelly, Treasurer
H. Leard, President
Board of Directors: J. B. Archibald*, A. C. Brady*, P. J. Brady, J. F. Cronin, J. W. Cullen, M. F. Deveney,
R. J. DonneUy, Thomas Downey, R. T. Fowler*, J. M. Graham, F. T. Kelley, C. F. Kreppel, J. S. H.
Leard, T. F. Lockney, R. A. MacLellan*, W. T. McLaughlin* C. C. MitcheU, W. F. Nolan, M. W. O'Brien,
J.
W.
Patterson.
Regular meetings for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on
real estate
$693,471 03
1925
24
P.D.
8,
Part III.
BOSTON — GERMANIA CO-OPERATIVE BANK
4 PARK STREET
(Other authorized locations for receipt of moneys: 1140
Incorporated October
3,
1885.
Columbus Avenue, Roxbury
Began business October
Joseph F. Wessling, President
District)
20, 1885
Paul
J.
Dorr, Treasurer
Cecelia V. Wessling, Assistant Treasurer
Board
of Directors: Valentine Baier*, F. J. Braun, C. H. Dirksmeier*, P. J. Dorr*, J. P. Geishecker*,
Hagelstein, T. P. Halligan, M. J. A. McDonald, J. F. Wessling*, H. A. Whelan.
Regular meetings for receipt of moneys the Wednesday after third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
Loans on real estate
Iioans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Cash
.
.
.
.
.
.
$1,925,100 00
29,475 00
3,900 00
950 00
1,314 78
63,058 24
$2,023,798 02
1925
J.
C.
P.D.
8,
Part
25
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share
.
Liabilities
$1,377,400 00
.
.
,
certificates
Temporary expense account
Insurance and taxes paid
Mortgage balances
Cash
......
1925
P.D.
26
Issued during year
Withdrawn
8,
Part III.
Membership
Shares
4,036
2,069
dxiring year
Forfeited during year
'22
Matured during year
408
Members
Members who
Holders
of:
987
224
— are borrowers
Unmatured shares
Matured share certificates
11,201
Shares in force
4,402
Shares now pledged
748
Matured shares represented by certificates
Paid-up shares represented by certificates
378
New series issued in January, April, July, October.
Paid-up share
872
139
75
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term, 1
%%
;
second term,
1
J^%
Certificates
;
third term,
iys%; fourth term, 1^^%.
First term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
134%; fourth term,
Proportion of profits retained on voluntary withdrawals,
none.
20% on
series less
1M%-
than 5 years old; after 5 years,
Rates and Averages on Loans
178 real
estate
loans
(average, $4,281 each;
average rate, 6.38%)
:
5 J^%, $58,650;
6%,
$619,925.
46 share loans (average, $342 each; average rate, 6.47%): 6%, $1,000; 6Ji%, $14,717.
2 loans on matured share certificates: 6}^%, $945.
Total Expenses for Year
Salaries
Amoimt paid
for
.
Cost per $1,000 of assets
$83,500;
6J^%,
P.D.
8,
27
Part III.
Rates and Averages on Loans
S41 real estate loans (average, $3,462 each; average rate, 5.93%): 5%, $70,900; 5J^%, $129,130; 6%,
$903,940; 6^%. $61,700; 7%, $14,800.
79 share loans (average, $306 each; average rate, 6%): 6%, $24,195.
1 loan on matured share certificates: 6%, $100.
S loans on paid-up share certificates: 6%, $1,500.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
—
28
P.D.
8,
Part III.
BOSTON — HYDE PARK CO-OPERATIVE BANK
1
FAIRMOUNT AVENUE (HYDE PARK DISTRICT)
(Other authorized location for receipt of moneys: 105 Readville Street, Readville)
Incorporated
Everett
W.
March
26, 1886.
Began business
May
5,
1886
Frederick P. McGrath, Treasurer
Lewis, President
Board of Directors: H. E. Astley, J. E. Farrell, J. A. Galvin, E. C. Jenney, E. H. Kearney*, Charles Laisson,
E. W. Lewis, F. P. McGrath, I. H. Morse, T. J. O'Donnell, M. W. Riley, J. E. Sheridan*, H. L. Smith,
C. F. Stack*, G. E. Stanford.
Regular meetings for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Permanent expense account
Temporary expense account
....
Personal accounts
Discount
Bank
.
.....
building income
Cash
and expense
$2,114,000
38,010
1,500
1,030
17,000
183
1,340
2,003
721
124
45,700
00
00
00
00
00
54
42
74
39
31
66
Dues capital
Profits capital
$1,161,880
209,148
417,200
210,200
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
675
34,674
30,982
20,744
Guaranty fund
Siirplus
Interest
Fines
Transfer fees
402
Withdrawal
profits
Bills payable for money
Due on uncompleted
Security committee
Personal accounts
Mortgages payable
232
borrowed
80,000
42,300
54
119
13,000
loans
.
$2,221,614 06
00
12
00
00
95
35
97
74
37
25
25
00
00
00
06
00
$2,221,614 06
Membership
Shares
....
....
...
....
.....
....
Issued during year
8,888
Withdrawn during year
4,778
Forfeited during year
10
Matured during year
1,017
Shares in force
27,852
Shares now pledged
12,294
Matured shares represented by certificates
2,086
Paid-up shares represented by certificates
1,051
New series issued in March, June, September, December.
.
1925
Liabilities
.
Members
Members who
2,876
are borrowers
795
Unmatured shares
Matured share certificates
2,635
Holders of:
Paid-up share
Profits Distributed
Unmatured Shares
second term, 1
fourth term, 13^%.
First term, 1
iys%;
362
219
certificates
5^%
^%
;
Matured and Paid-up Share
First term, 1
1M%;
Proportion of profits retained on voluntary withdrawals, 15%
none.
first
}4%
;
second term,
1M%.
10% 4 to
1
;
third term,
Certificates
i4%
'<
third term,
fourth term,
4 years;
8 years; after 8 years,
Rates and Averages on Loans
estate loans (average, $3,247 each; average rate, 5.99%): 5%, $9,900;
132 share loans (average, $288 each; average rate, 6%): 6%, $38,010.
6 loans on matured share certificates: 6%, $1,500.
651 real
6 loans on paid-up share
certificates:
6%,
$1,030.
Total Expenses for Year
Salaries
Amoimt paid
for
.
Cost per $1,000 of assets
5M%.
$1,000;
6%,
$2,103,100.
P.D.
8,
29
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Overs and shorts
$200,200 00
5,605 00
15 30
10,601 09
.
Cash
$216,421 39
Shares
Issued dvtring year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
Paid-up shares represented by certificates
1,017
600
59
4,496
1,244
91
Dues
capital
....
1925
30
P.D.
Shares
....
....
....
.....
....
Membership
Issued during year
7,387
5,009
Forfeited during year
67
Matured during year
603
Shares in force
28,244
Shares now pledged
10,859
Matiu'ed shares represented by certificates
1,179
Paid-up shares represented by certificates
944
New series issued in February, May, August, No-
Withdrawn during year
.
vember.
.
.
.
.
8,
Part
III.
P.D.
8,
Part
31
III.
Rates and Averages on Loans
real estate loans (average, $4,132 each; average rate, 6.45%): 5%%, $87,400; 6%, $129,700;
$1,903,250; 7%, $106,860.
141 share loans (average, $196 each; average fate, 6.53%): 6%, $300; 6}^%, $25,008; 7%, $2,330.
SS loans on matured share certificates: 6J^%, $11,030.
539
614%,
Total Expenses for Year
Rent
Salaries
Amount paid
for
.
$12,018.02
5.10
.
Cost per $1,000 of assets
Advertising
$1,200.00
$470.97
.51
.20
Other
Expenses
Total
$17,944.54
7.62
$4,255.55
1.81
BOSTON — MATTAPAN CO-OPERATIVE BANK
1575
BLUE HILL AVENUE (MATTAPAN DISTRICT)
(Other authorized location for receipt of moneys: 294 Washington Street, Boston)
Incorporated
November
14, 1910.
Began business December
20, 1910
WiUiam R. Landers,
Charles K. Thurston, President
Treasurer
F. Ballard, W. H. Crosby, W. G. Cruckshank*, "Walter Curley, W. A. Guild, W. R.
Landers*, W. ,1. Meagher, F. O. Morrill, D. A. Mower, J. B. Patterson, T. S. Richardson*, T. W. Roulston, F. N. Russell, S. B. Small, P. D. Smith, C. K. Thurston, J. F. Willett, P. J. Williams.
Board of Directors:
J.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
...
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Temporary expense account
Overs and shorts
Cash
.....
.
.
.
00
00
00
00
1,164 25
867 34
40 71
17,836 05
$899,995
27,680
3,697
180
,
Dues capital
Profits capital
$482,092
76,381
278,600
33,800
40
7,498
4,650
9,906
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
profits
Bills payable for money
Due on uncompleted
53
25,000
33,000
117
5
borrowed
loans
....
Security committee
Suspense
$951,460 35
14
00
00
00
00
Membership
....
....
....
.....
....
.
00
00
87
42
07
$951,460 35
Shares
Issued during year
4,818
Withdrawn during year
3,503
Forfeited during year
45
Matured during year
690
Shares in force
13,057
Shares now pledged
5,441
Matiu-ed shares represented by certificates
1,393
Paid-up shares represented by certificates
169
New series issued in March, June, September, December.
.
00
97
00
315 13
75
Withdrawal
.
1925
Liabilities
.
Members
Members who
Holders
of:
1,247
299
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
213
30
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1^%;
lJi%; second term,
fourth term,
M%
;
M%
;
Certificates
1%%;
Paid-up Share Certificates
second term, 1 J^%
fourth term, 1 H%-
First term, 1
1
1^%.
;
third term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
346 real
estate loans
Rates and Averages on Loans
514%,
(average, $3,422 each; average rate, 6.01%):
$35,000.
93 share loans (average, $297.63 each; average rate, 6%): 6%, $27,680.
4 loans on matured share certificates: 6%, $3,697.
1 loan on paid-up share certificates: 6%, $1S0.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
3,100;
6%, $844,895;
6^%.
P.D.
32
Part III.
8,
BOSTON — MEETING HOUSE HILL CO-OPERATIVE BANK
240
BOWDOIN STREET (DORCHESTER DISTRICT)
(Other authorized locations for receipt of moneys: First National Bank, 67 Milk Street, Boston,
555 Columbia Road and 1432 Dorchester Avenue, Dorchester)
Incorporated April 22, 1914.
May
Began business
14,
1914
John H. Dorsey, Treasurer
William E. Wight, President
W.
L. Cahalan, William Campbell, J. T. Cavanagh, 2d, J. J. Comfrey, F. S. Devlin, H. J.
Dixon, J. H. Dorsey*, J. F. Fennessey, R. S. Fitzgerald, J. A. Flynn, T. E. KeUy, J. P. Landers*, Daniel
Leary*, C. J. Murphy, M. J. O'Hare, Ambrogio Piotti*, Erhardt Schatz, R. F. Sheehan, W. E. Wight*.
Board
of Directors:
Regular meetings for receipt of moneys the second Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Permanent expense account
Cash
$687,100
14,100
649
856
9,609
.....
00
00
00
98
38
....
....
Dues
$487,322 00
98,504 07
70,600 00
1,194 40
5,477 93
4,348 53
30,000 00
13,900 00
75 10
2 50
capital
Profits capital
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
BiUs payable for money borrowed
.
Due on imcompleted
loans
Overs and shorts
Suspense
Dividends on paid-up share
.
cates
.
.
.
.
.
.
.
.
_
certifi-
$712,315 36
Membership
Shares
....
....
....
.....
3,287
Issued during year
Withdrawn during year
2,494
25
Forfeited during year
11,865
Shares in force
4,220
Shares now pledged
353
Paid-up shares represented by certificates
New series issued in February, May, August, No.
.
.
S90 83
.
$712,315 36
.
1925
Liabilities
Assets
......
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Paid-up share
vember.
.
.
certificates
1,076
230
1,076
83
Profits Distributed
Unmatured Shares
second term, 15^6%; third term,
fourth term, 1%%.
First term,
iys%;
....
...
.
1%%;
Paid-tip Share Certificates
1M%;
First term,
1M%;
second term,
fourth term,
1M%;
third term,
1M%-
Proportion of profits retained on voluntary withdrawals, 25%" on series not over 4 years old; 20% on series
from 4 to 5 years old; 15% on series from 5 to 6 years old; 10% on series from 6 to 7 years old; 5%
on series from 7 to 8 years old; after 8 years, none.
Rates and Averages on Loans
164 real estate loans (average, S4,190 each; average rate, 5.97%): 5^%, $63,100; 6%, $624,000.
6M share loans (average, $227 each; average rate, 6%): 6%, $14,100.
4 loans on paid-up share certificates: 6%, $649.
Total Expenses for Year
Amount paid
for
.
Cost per $1,000 of assets
P.D.
8,
33
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Liabilities
$20 ,407,080 00
437,935 00
31,930 00
3,190 00
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Personal accounts
6,741 10
11,123 05
195 97
450 00
....
.....
Loans on
.
real estate, section 47, Acts
Dues
$12,101,233
2,480,983
4,287,600
1,483,800
13,169
470,167
128,549
231,510
4,623
41
2,398
289,560
capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
2,200 00
596,472 28
of 1918
Cash
1925
10
50
26
00
990 66
2,650 00
40 42
Withdrawal profits
Due on uncompleted loans
Secxirity committee
Fire insurance
Overs and shorts
00
80
00
00
38
73
24
31
.
$21,497,317 40
$21,497,317 40
Membership
Shares
87,466
Issued during year
Withdrawn during year
41,662
967
Forfeited during year
Matured during year
8,748
285,259
Shares in force
120,891
Shares now pledged
21,438
Matured shares represented by certificates
Paid-up shares represented by certificates
7,419
New series issued in March, June, September, December.
Members
Members who
Holders
of:
— are borrowers
.
.
.
20,821
5,461
.
.
.
18,445
3,367
.
.
.
1,197
....
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1H%; second term, 1K%; third term,
iy2%; fourth term, 1M%.
Paid-up Share
IH%;
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
20% on
Certificates
1J^%; second term, 1J^%;
First term,
series less
third term,
1M%.
than 5 years old; after 5 years,
Rates and Averages on Loans
4,389 real estate loans (average, $4,650 each; average rate, 6.40%): 5%, $670,400; 5M%, $576,750; 5%%,
$425,100; 5M%, $94,900; 6%, $212,780; 6H%, $46,050; 6H%, $17,528,100; 6M%. $229,300; 7%,
$.594,750; 714%, $2,600; 73^%, $11,300; 8%, $17,250.
i,70ff sftareioans (average, $256 each; average rate, 6.53%): 5%, $900; 5M%, S2,230; 5}^%, $2,350; 5M%,
$410; 6%, $380; 6M%, $370; 61^%, $398,765; 6%%, $220; 7%, $29,480; 7}^%, $100; 7M%,
$200; 8%, $2,530.
90 loans on matured share certificates: 6J^%, $31,350; 7%, $580.
15 loans on paid-up share certificates; 6H%. $3,190.
Total Expenses for Year
Salaries
Amount paid
Cost
$41,318.02
1.92
for
per $1,000 of assets
.
Rent
Advertising
$4,992 18
$2,631.65
.23
.12
.
Other
Expenses
$21,668.75
1.01
Total
$70,610.60
3.28
BOSTON — METROPOLITAN CO-OPERATIVE BANK
80
Incorporated
May
14,
FEDERAL STREET
1915.
business
May
Fred E. Bolton, President
24, 1915
F. Oscar Chase, Treasurer
Board of Directors: F. E. Bolton*, H. M. Chamberlain, L. W. Chandler, F. O. Chase*, R. D. Crook, A. L.
Cutting, J. H. Dunn, B. P. Ellis, B. M. Golding*, J. W. A. Gordon, H. H. Hale* J. C. Hall, Theodora
M. Hastings, T. M. McCarthy, C. A. Palmer*, W. J. Peterson, Guy Richardson, C. H. Simons, Annie
M. Stone, C. L. Titus, H. F. Weiler.
Regular meetings for receipt of moneys the third
* Security Committee.
Monday
of each
month.
34
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on
real estate
Liabilities
Part III.
1925
P.D.
8,
Part
35
III.
Membership
Shares
Issued during year
Withdrawn during year
942
421
105
Forfeited diu-ing year
2,600
Shares in force
427
Shares now pledged
21
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Members
Members who
Holders of
:
—
Unmatured
certificates
Profits Distributed
Unmatured Shares
second term, 1%%; third term,
fourth term, 1^%.
First term,
1M%;
First term, 1
1M%;
Paid-up Share Certificates
second term, 1
}4%
;
fourth term,
Proportion of profits retained on voluntary withdrawals, 25% on series
8 years old; after 8 years, none.
less
1M%.
Rates and Averages on Loans
Total Expenses for Year
Salaries
paid for
.
Cost per $1,000 of assets
Rent
M%
than 5 years old;
16 real estate loans (average, $3,173 each; average rate, 6%): 6%, $47,600.
le share loans (average, $131 each; average rate, 6%): 6%, $2,109.
Amount
289
6
shares
Paid-up share
1?^%;
290
30
are borrowers
Advertising
;
third term,
15% from
5 to
36
P.D.
766 real
estate loans
$2,166,500.
(average,
Rates and Averag^es on Loans
$3,342 each; average rate, 5.92%): 5%, $26,400;
127 share loans (average, $228 each; average rate, 5.99%):
16 loans on matured share certificates: 6%, $6,850.
10 loans on "paid-up share certificates,: 6%, $220.
5^%,
$230;
6%,
8,
Part
5}^%, $367,400;
III.
6%,
$28,810.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
$5,450.00
2.01
$2,000.00
$208.00
.74
.08
Advertising
Otter
Expenses
$3,326.34
1.22
Total
$10,984.34
4.06
BOSTON — NODDLE ISLAND CO-OPERATIVE BANK
MERIDIAN STREET (EAST BOSTON DISTRICT)
272
Incorporated February 23, 1911.
James
S.
Murray, President
Began business March
4,
1911
James H.
Cline, Treasurer
Board of Directors: E. C. R. Bagley, J. H. Bennett, Robt. Bonney, Thomas Boyd, M. J. Cashman, A. S.
Cassidy*, G. J. Clarson, J. H. Coakley, C. W. Crocker, C. J. Donohue*, P. D. Emmons, F. S. Ferreira,
J. J. Flaherty, Edward Gluckler, R. H. Houghton, J. S. Murray*, A. J. Porter, A. J. L. Rausch, C. A.
Rollins, A. L. Tallman J. W. Veader.
.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
Loans on real estate
Loans on shares
Loans on matured share
certificates
Temporary expense account
Dividends on matured share
certifi-
1925
P.D.
8,
37
Part III.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
P.D.
38
Part III.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Insurance and taxes paid
Mortgage balance
Cash
.
.
.
,359,050 00
.
.
......
.
.
1925
Liabilities
Assets
.
.
26,900 00
2,300 00
100 00
494 70
61 06
98 18
149,144 68
Dues capital
Profits capital
$750,778
167,566
413,600
98,000
466
17,209
32,322
31,746
7,587
149
.
Matured share
Certificates
share certificates
Paid-up
Forfeited share account
Matured share account
Guaranty fund
Surplus
00
23
00
00
53
04
62
85
16
89
25
159 55
18,428 50
133 00
Interest
Fines
Transfer fees
.
1
Withdrawal profits
Due on uncompleted loans
Security committee
$1,538,148 62
$1,538,148 62
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
6,389
1,930
1,580
15,220
7,539
2,068
Members
Members who
1,415
— are borrowers
367
Unmatured shares
Matured share certificates
1,106
Holders of
:
Paid-up share
316
80
certificates
490
Profits Distributed
Unmatured Shares and Matured Share
First term,
2M%;
First term,
2}4%; second term,
second term,
Certificates
2M%-
Paid-iip Share Certificates
Proportion of profits retained on voluntary withdrawals,
none.
20% on
series less
2^%.
than 8 years old; after 8 years,
Rates and Averages on Loans
307
real estate loans (average, $4,427 each;
average rate, 6.98%): 5J^%, $119,100; 6%, $1,200,250;
$7,100; 7%,, $32,600.
8S share loans (average, $329 each; average rate, 6%):
2 loans on matured share certificates: 6%, $2,300.
1 loan on paid-up share certificates: 6%, $100.
6%,
$26,900.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
^
6H%>
P.D.
8,
Part III.
39
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Permanent expense account
"$1,143,800 00
36,100 00
2 50
Temporary expense account
750 93
25 10
Personal accounts
.
Cash
.
.
.
Dues
.
Paid-up share
certificates
Forfeited share account
Guaranty fimd
Surplus
37,763 10
.
$914,190 00
104,453 96
ll/,600 00
1,470 87
8,995 50
6,035 96
13,094 29
136 38
1 00
56 04
35,000 00
17,282 88
124 75
capital
Profits capital
Interest
Fines
Transfer fees
.
Withdrawal
profits
money borrowed
Due on uncompleted loans
BiUs payable for
committee
Seciu'ity
$1,218,441 63
$1,218,441 63
Membership
Shares
....
....
....
.....
....
Members
Members who
Issued during year
17,051
Withdrawn during year
5,511
Forfeited during year
213
Shares in force
34,715
Shares now pledged
7,290
Paid-up shares represented by certificates
588
New series issued in March, June, September,
Holders
of:
Paid-up Share Certificates
ii% second term, 1 34%
fourth term, l)i%.
I
on volimtary withdrawals, none.
Rates and Averages on Loans
average rate, 6.9%): 6%, $7,500; 7%, $1,136,300.
real estate loans (average, $4,593 each;
91 share loans (average, $396 each; average rate, 6.9%): 6 3/2%, $900;
Total Expenses for Year
Salaries
Amount paid
for
.
2,025
123
Profits Distributed
Unmatured Shares
First term, 114%; second term, XWVo',
1^%; fourth term, 1H%.
1H%;
Cost per $1,000 of assets
340
shares
Paid-up share certificates
First term, 1
Proportion of profits retained
2,148
— are borrowers
Unmatured
December.
S49
1925
7%,
$35,200.
;
third term,
third term,
40
P.D.
Shares
8,
Part III.
Membership
Issued during year
3,327
1,904
Forfeited during year
5
Matured during year
397
Shares in force
10,641
Shares now pledged
4,773
Matured shares represented by certificates
682
Paid-up shares represented by certificates
392
New series issued in January, April, July, October.
Withdrawn during year
Members
Members who
Holders
of:
.
Unmatured shares
Matured share certificates
Paid-up share
1,173
'.
.
— are borrowers
267
.
1,030
126
70
.
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
2}4%; second term,
1M%.
1H%;
third term,
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
SSS real estate loans (average, $S,076 each; average rate, 5.92%): 5%, $40,050; 5 J^%, $35,500; 6%, $641,200.
99 share loans (average, $188 each; average rate, 6%): 6%, $18,610.
S loans on matured share certificates: 6%, $280.
4 loans on paid-up share certificates: 6%, $655.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
P.D.
8,
41
Part III.
Rates and Averages on Loans
5%,
(average, $3,515 each; average rate, 5.89%);
$788,400; 6^%, $54,550; 7%, $12,000.
67 share loans (average, $403 each; average rate, 6%): 6%, $27,015.
1 loan on matured shart certificates: 6%, $200.
305
real estate loans
5M%.
3,475;
$126,790;
6%,
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$3,585.00
3.11
$290.00
$150.00
$1,006.98
.25
.13
.87
Advertising
Total
$5,031.98
4.36
BOSTON — SHAWMUT CO-OPERATIVE BANK
1769
DORCHESTER AVENUE (DORCHESTER DISTRICT)
Incorporated December 29, 1913.
Daniel
J.
Began business January
19,
1914
Thomas Rush,
Gallagher, President
Treasurer
Board of Directors: N. A. Burckhardt, W. E. CosteUo, H. R. Crane*, J. E. Daley, J. H. Devenney, D. J. Gallagher, T. H. Hanlon, Edith Jameson, E. W. Jameson*, G. H. Kelley, A. J. Mahan, T. A. Mitchell, A. R.
Nicolle, W. J. Ogar, T. F. Quinn*, Thomas Rush, G. L. Starks, John Swift, J. F. White.
Regular meetings for receipts of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
....
Temporary expense accoimt
Cash
1925
Liabilities
$372,060 00
10,735 00
161 66
21,462 51
Dues capital
Profits capital
$302,921
68,967
25,800
10
2,005
.
Paid-up share certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
1,342 19
1,803 85
....
24 91
Due on uncompleted loans
Withdrawal profits
1,500 00
43 96
$404,419 17
$404,419 17
Membership
Shares
Issued during year
Withdrawn
....
....
....
.....
....
dioring year
00
73
00
00
53
2,257
1,601
16
Forfeited during year
Shares in force
6,631
Shares now pledged
2,388
129
Paid-up shares represented by certificates
New series issued in January, April, July, October.
......
Members
Members who
Holders
of:
— are borrowers
Unmatured
shares
Paid-up share
....
...
.
.
certificates
Profits Distributed
Unmatured Shares
second term, 1
First term,
iys%; fourth term, 11^%.
l%%
First term,
1M%;
.
%%
;
;
637
152
614
23
third term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
101 real estate loans (average, $3,684 each; average rate, 6.05%): 5K%. $37,260;
$78,200.
63 share loans (average, $170 each; average rate, 6%): 6%, $10,735.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
6%, $256,600; 6J^%,
42
P.D.
8,
Part III.
of Directors: P. J. Cuddyer, J. P. Dempsey*. W. H. Griffin, L. J. Halloran, W. P. Hickey, E. L. Hopkins*, J. A. Hopkins, F. W. Horgan*, J. A. Kiley, J. P. Kirby, John McGrath, J. B. Meehan, F. J. Monahan, P. B. Murphy, A. F. R. NoveUine, Daniel O'Keefe, P. E. A. Sheridan, W. H. Taylor, E. T. A. Welch.
Board
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on paid-up share
Liabilities
$159,750 00
8,165 00
700 00
certificates
.....
Temporary expense accoimt
Cash
246 11
9,386 41
$178,247 52
Shares
....
....
....
....
.....
Issued during year
954
Withdrawn during year
903
27
Forfeited during year
Matured during year'
121
in
Shares
force
2,965
Shares now pledged
1,213
Matured shares represented by certificates
62
Paid-up shares represented by certificates
71
New series issued in March, June, September, December.
.
.
.
.
Dues
capital
.
1925
P.D.
8,
43
Part III.
Shares
Issued during year
P.D.
44
Total Expenses for Year
alaries
Amount paid
Cost
for
per $1,000 of assets
.
8,
Part III.
P.D.
8,
45
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
.
.
.
,
......
......
Temporary expense account
Rent
Cash
1925
$1,555,225
35,189
3,800
1,860
1,085
1,510
00
00
00
00
13
13
471 66
36,619 35
Dues
capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money
Due on uncompleted
Security committee
Personal accounts
Suspense
00
88
00
00
84
14,521 67
12,167 82
17,478 86
Surplus
BiUs
$895,198
171,287
344,600
119,600
610
borrowed
loans
....
.
280 52
2 50
665 37
50,000 00
9,100 00
152 60
36 50
57 81
$1,635,760 27
$1,635,760 27
Membership
.
'
8,
Part
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
1925
P.D.
46
Assets
Liabilities
Bonds and notes
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate by foreclosm'e, etc.
Temporary expense account
Insurance and taxes paid
Cash
$1,000
248,500
16,510
150
16,813
158
2
24,340
Dues
00
00
capital
Profits capital
00
00
Matiffed share certificates
Paid-up share certificates
Forfeited share account
86
50
30
56
00
48
00
00
1,023 21
3,589 04
2,526 83
$202,306
46,367
47,000
400
.
Guaranty fund
Surplus
3,071 69
81 05
Interest
Fines
Withdrawal profits
Security committee
67 92
42 00
Reserve f vmd
1,000 00
$307,475 22
$307,475 22
Membership
Shares
Issued during year
Withdrawn
....
....
....
....
.....
....
1,072
diiring year
683
85
Forfeited during year
148
Matured during year
3,903
Shares in force
1,722
Shares now pledged
235
Matured shares represented by certificates
Paid-up shares represented by certificates
2
New series issued in March, June, September, De-
cember.
......
—
Members
Members who
Holders
of:
are borrowers
Paid-up share
.
1M%;
}4% second term,
fourth term, 1}^%.
;
1
%%
Rates and Averages on Loans
67 real estate loans (,aveTa,ge, $3,709 each; average rate, 6.66%) 6%, $56,400;
60 share loans (average, $275 each; average rate, 6%): 6%, $16,510.
:
certificates:
6%,
Certificates
third term,
;
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old;
from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none.
on paid-up share
300
46
2
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term, 1
First term,
324
100
....
Unmatured shares
Matured share certificates
1H%;
1 loan
III.
$150.
6^%.
$52,150;
15% on
7%,
series
$139,950.
,
Total Expenses for Year
Amount paid
for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$265.00
$280.00
$89.85
.86
.91
.29
Other
Expenses
$244.85
Total
$879.70
2.86
.80
BOSTON— VOLUNTEER CO-OPERATIVE BANK
120
Incorporated
John
J.
November
TREMONT STREET
16, 1887.
Began business January
1,
1888
James B. Dooley, Treasurer
Delea, President
May
B. Grant, Assistant Treasurer
Board of Directors: George Adams, W. B. Buckley, H. G. Burgess, J. F. Crowley, J. J. Delea, J.
J. B. Dooley, W. T. A. Fitzgerald, W. A. Leonard*, D. F. McCormack*, O. T. O'Leary,
E. J. Ripley, J. J. Rudd*, A. H. Sibley.
J.
J.
Devereux,
A. Reed*,
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
...
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Insurance and taxes paid
Cash
......
Liabilities
$8,334,450 00
1925
P.D.
8,
47
Part III.
Membership
Shares
Issued during year
....
....
....
....
.....
....
Withdrawn during year
Forfeited diiring year
43,463
25,005
278
Matured during year
6,670
Shares in force
117,429
Shares now pledged
49,164
Matiired shares represented by certificates
10,984
Paid-up shares represented by certificates
1,195
New series issued in January, April, July, October.
48
P.D.
8,
Part III.
Membership
Sheu-es
......
3,549
....
3,170
Withdrawn dming year
Members
Members who
Forfeited during year
Holders
Issued during year
17,463
5,967
121
Matured during year
2 745
Shares in force
41,606
Shares now pledged
17,510
Matured shares represented by certificates
3,330
Paid-up shares represented by certificates
1,045
New series issued in February, May, August, No-
vember.
of:
— are borrowers
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
certificates
881
509
173
Profits Distributed
Unmatured Shares
second term, X%%; third term,
iys7o\ fourth term, 1^%.
First term, lW7o'<
Matured Share
Certificates
second term, 1^/16%; third term,
V'Ai%\ fourth term, 15/^6%.
First term, V'/\&%\
Paid-up Share Certificates
second term, 1
fourth term, lJi%.
First term, 1
1M%;
Proportion of profits retained on voluntary withdrawals,
15% on
M%
;
series less
M%
;
third term,
than 6 years old; after 6 years.
Rates and Averages on Loans
estate loans (average, $3,873 each;
average rate, 6.10%): 5%, $138,900; 5%%, $356,900; 6%,
$901,050; 6V2%, $1,674,450.
S09 share loans (average, $311 each; average rate, 6.03%): 5%, $1,450; 5J^%, $4,750; 6%, $22,950; 6M%,
$36,050.
10 loans on matured share certificates: 6%, $400; 6}^%, $1,950.
2 loans on paid-up share certificates: 6J^%, $1,350.
793 real
Total Expenses for Year
alaries
Amount
paid for
.
Cost per $1,000 of assets
P.D.
8,
49
Part III.
Membership
Shares
Issued during year
....
....
....
....
.....
Withdrawn during year
Forfeited during year
69,735
45,579
623
6,961
245,966
93,901
11,620
8,616
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
.
.
Members
Members who
Holders
of:
20.129
5,243
— are borrowers
Unmatured shares
Matured share certificates
18,267
1,698
1,712
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
First term, 1
1M%;
M%
Certificates
;
second term,
fourth term,
1
}4%
]
third term,
1M%.
Proportion of profits retained on volvmtary withdrawals, none.
Rates and Averages on Loans
$3,729 each; average rate, 5.88%): 5%, $663,700; 5K%. $527,250; 5H%.
$1,634,090; 5M%. $1,000; 6%, $13,123,200.
i,5.40s;ioreZoans (average, $231 each; average rate, 5.98%): 5%, $2,550; 5M%, $2,250; 5H%. $7,050; 6%,
$345,250.
SO loans on matured share certificates: 5}^%, $100; 6%, $7,450.
SS loans on paid-up share certificates: 6%, $13,250.
4,277 real
estate loans (average,
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
P.D.
50
Rates and Averages on Loans
299 real estate loans (average, $3,325.25 each; average rate, 6.3%): 68/io%, $994,250.
SS share loans (average, $402 each; average rate, 6.3%): 6Vio%, $10,455.
3 loans on matured share certificates: 6Vio%, $1,660.
Total Expenses for Year
Salaries
Amoiint paid for
Cost per $1,000 of assets
.
8,
Part III.
P.D.
8,
Part
51
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loana
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
1925
$4,152,850
119,950
1,700
1,300
800
593
1,723
Insurance and taxes paid
181
50,919
Cash
00
00
00
00
00
80
23
22
94
Dues
capital
....
$4,330,018 19
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
11,150
7,208
46
1,157
54,766
26,808
2,654
2,055
Profits Distributed
Unmatured Shares
term, 3%.
First term,
3%; second
First term,
2M%;
First term,
2^^%; second term, 2}4%.
Matured Share Certificates
second term, 2M%.
Paid-up Share
Certificates
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
after 8 years, none.
Rates and Averages on Loans
6%): 6%, $4,152,850.
6%, $119,950.
1,721 real estate loans (average, $2,413 each; average rate,
374 share loans (average, $321 each; average rate, 6%):
3 loans on matured share certificates: 6%, $1,700.
S loans on paid-up share certificates: 6%, $1,300.
10%
5 to 8 years;
52
P.D.
Issued during year
....
.....
....
Withdrawn during year
Matured during year
.
.
.
.
.
.
'
.
.
3,223
1,696
917
Shares in force
11,359
Shares now pledged
5,481
Matured shares represented by certificates
1,622
Paid-up shares represented by certificates
282
New series issued in March, June, September, De-
cember.
Members
Members who
1,134
424
980
226
41
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1
second term, 1
third term,
iys%; fourth term, 1?^%.
1M%;
%%
;
',
less
Rates and Averages on Loans
alaries
.
1M%-
than 5 years old;
S72 real estate loans (average, $2,651 each; average rate, 6%): 6%, $986,200.
94 share loans (average, $173 each; average rate, 6%): 6%, $16,308.
^ loans on matured share certificates: 6%, $1,10().
Total Expenses for Year
;
Paid-up Share Certificates
second term, 1 }i% ;- third term,
}4%
fourth term,
Proportion of profits retained on voluntary withdrawals, 25% on series
8 years old; after 8 years, none.
paid for
III.
Unmatured shares
Matured share certificates
of:
%%
Cost per $1,000 of assets
Part
— are borrowers
Holders
First term, 1
Amount
8,
Membership
Shares
10% from
5 to
P.D.
8,
Part III.
53
Rates and Averages on Loans
1,482 real estate loans (average, $3,378 each; average rate, 5.95%): 5}/^%, $524,300; 6%, $4,481,965.
444 share loans (average, $222 each; average rate, 5.98%): 5J^%, $3,010; 6%, $95,905.
18 loans on matured share certificates: 6%, $9,500.
11 loans on paid-up share certificates: 6%, $3,700.
Total Expenses for Year
Rent
Advertising
Other
Expenses
$3,667.37
$1,913.18
$4,040.31
.70
.37
.78
Salaries
Amount paid
for
$10,229.50
.
Cost per $1,000 of assets
Total
$19,850.36
3.81
BROOKLINE — BROOKLINE CO-OPERATIVE BANK
Incorporated March 13, 1895.
John W.
Began business
May
2,
1895
Emery
Shields, President
Anna N.
B. Moore, Treasurer
Patten, Assistant Treasurer
Board of Directors: C. A. Bowditch*, C. A. Delano*, Dennis Driscoll*, F. W. Files*, C. A. Leavitt, E. B.
Moore, W. D. Paine*, J. W. Shields*, H. A. Varney.
Regular meetings for receipt of moneys the
first
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Cash
.
Liabilities
$25,000 00
1,638,325 00
42,550 00
1,554 67
238 26
55,738 92
$1,763,406 85
1925
54
P.D.
Board of Directors: W. D. Allen, Samuel Barkin, G. M.
Part
8,
III.
Bates*, A. M. Berger, B. G. Carlson*, A. J. Caulfield, E. S. Childs, Eric Courtney, G. A. Crosbie, A. P. Crosby, Earl Davidson, W. J. Davidson, Rogers
Dow, R. C. Floyd, E. A. Hale, J. S. Hathaway, J. D. Henderson*, J. H. Henderson, M. J. Mealey, F. H.
Niccolls, C. A. Norwood, W. W. Paige*, G. H. Richardson, D. A. Rollins, G. R. Slader, WiUiam Smith, Jr.,
E. H. Sondheim, F. P. Speare, W. H. Stevens, E. L. Sturtevant, J. E. Thomas, G. H. Wyman.
J.
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
liOans on shares
.
•.
•
.
Dues
$356,900 00
13,864 00
127 10
255 00
11,036 08
Temporary expense account
Advertising
1925
Liabilities
.
Cash
00
73
00
85
2,391 98
capital
Profits capital
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
$294,013
29,363
40,400
353
.
7,096
4,258
152
60
4,000
....
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
$382,1S2 18
$382,182 18
Membership
Shares
Issued during year
Withdrawn
....
.....
....
.
31
33
85
04
00
35 00
57 09
.
.
Members
Members who
3,377
1,875
10,225
2,368
.
diu-ing year
Shares in force
Shares now pledged
202
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Holders
of:
Unmatured
certificates
Profits Distributed
Unmatured Shares
second term, 1%%; third term,
fourth term, 1%%.
First term,
1%%;
First term, 1
1H%;
659
46
shares
Paid-up share
1^%;
690
93
— are borrowers
Paid-up Share Certificates
}4% second term, 1
M%
',
fourth term,
1M%-
third term,
;
Proportion of profits retained on voluntary withdrawals, none.
69
Rates and Averages on Loans
average rate, 6.4%): 6%, $111,300;
real estate loans (average, $6,049 each;
73^%,
6H%>
$211,100;
$375;
7%,
7%,
$26,000;
$8,500.
S4 share loans (average, $408 each; average
rate,
6.1%): 6%, $13,259;
6H%.
$230.
Total Expenses for Year
Rent
Salaries
Amoimt paid
Cost
Other
Expenses
$599.51
1.57
Advertising
$530.00
1.39
for
per $1,000 of assets
.
Total
$1,129.51
2.96
CAMBRIDGE — CAMBRIDGE CO-OPERATIVE BANK
Incorporated September
5,
1877.
Began business September
John P. McCormick, President
12,
1877
Fred
W.
Sleeper, Treasurer
Callahan*, J. S. Condinho, T. J. Conroy*, E. W. Coyle, T. F. Hurley, F. L. Kirchgassner, W. E. Knight, WiUiam Laverty, E. J. Martin*, E. J. Martin, 2d, F. B. MoBride, J. P. McCormick,
Lorenzo NoceUa, Henry Reno, D. N. Sleeper, F. W. Sleeper, C. J. Williams.
Board of Directors: F.
J.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Cash
.
1925
Liabilities
$423,150 00
8,979 00
10,494 02
Dues
capital
Profits capital
Matured share
Guaranty fund
certificates
Surplus
Security committee
Dividends on matured share
cates
$442,623 02
* Security Committee.
....
$271,251
50,904
112,600
4,015
2,380
150
00
04
00
54
93
00
certifi-
1,321 51
$442,623 02
P.D.
8,
55
Part III.
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
2,087
1,094
268
Shares in force
6,400
2,515
Shares now pledged
563
Matiired shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who
692
— are borrowers
181
Unmatured shares
Matured share certificates
635
90
Holders
of:
Profits Distributed
Unmatured Shares and Matured Share
First term,
1
Vs%
;
1%%;
second term,
fourth term,
1
Proportion of profits retained on voluntary withdrawals, 1 to 4 years inclusive,
15%; nothing thereafter.
Certificates
1%%;
third term,
3^%.
25%;
5 to 8 years inclusive,
Rates and Averages on Loans
148 real estate loans (average, $2,859 each; average rate, 6.24%): 6%, $214,100; 63^%, $209,050.
S3 share loans (average, $272 each; average rate, 6.38%): 6%, $1,784; 6J^%, $7,195.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
56
P:D.
Part III.
8,
CAMBRIDGE — COLUMBIAN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Brown Durrell Company, 104 Kingston Street,
Boston)
Incorporated
May
6,
1892.
Began business June
6,
James A. Dow, President
1892
Herbert H. Dyer, Treasurer
Board of Directors: A. F. Buffum, W. E. Burrage, E. L. Cheney, J. A. Dow*. H. H. Dyer, A. B. Fopiano,
A. N. Hederstedt*, S. R. Lancaster*, H. L. Lincoln*, H. B. Mclntire, C. H. Montague*, A. F. Pettingell.
Monday
Regular meetings for receipt of moneys the second
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Unpaid interest
Unpaid fines
Insurance and taxes paid
Cash
.
.
.
1925
Liabilities
.
.
.
.
.
.
.
.
.
.
$628,650 00
9,530 00
500 00
3,993 54
1,990 80
200 22
1,094 33
10,713 44
Dues capital
Profits capital
$421,155
88,727
92,200
30,200
21,108
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
00
31
00
00
90
3,281 12
$656,672 33
$656,672 33
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
.....
—
1,832
1,100
Members
Members who
514
8,656
3,489
Holders
461
of:
are borrowers
Unmatured shares
Matured shate certificates
Paid-up share
.
794
184
738
81
22
.
certificates
151
Profits Distributed
Unmatured Shares
First term,
2]4%; second term,
2%%.
Matured and Paid-up Share
Certificates
First term, 2J^%; second term, 23^%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
163 real estate loans {aversLge, $3,857 ea.oh.; average rate, 5.89%) 5%, $75,000; 6%, $539,450; 6 J^%, $14,200.
24 share loans (average, $397 each; average rate, 6%): 6%, $9,530.
i loan on matured share certificates: 6%, $500.
:
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
P.D.
8,
57
Part III.
Shares
Membership
P.D.
58
375
119
6
3
Rates and Averages on Loans
real estate loans (average, $3,858 each; average rate, 6%): 6%, $1,439,100.
share loans (average, $397 each; average rate, 6%): 6%, $47,298.
loans on matured share certificates: 6%, $1,885.
loans on paid-up share certificates: 6%, $400.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
8,
Part
III.
P.D.
8,
Part
59
III.
CANTON — CANTON CO-OPERATIVE BANK
Incorporated January
10, 1891.
Began business February
10,
1891
James E. Grimes, Treasurer
John B. Robinson, President
Board of Directors: R. J. Baldwin, F. H. Bisbee, E. C. Britton*, H. B. Capen, H. W. Curtis, J. G. Estey*.
John Everett*, M. H. Galligan, J. E. Grimes, P. M. Leavitt, J. A. O'Leary, J. B. Robinson*, T. I. Sheehan,
L. E. Smith, D. G. Trayers*.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
Loans on real estate
Loans on shares
Common form mortgages
Temporary expense account
Cash
$957,800
27,090
750
504
22,120
....
00
00
00
95
Dues capital
Profits capital
10
Guaranty fund
$751,913 00
.
168,313
15
36,151
19,580
14,859
13,001
Forfeited share account
Matured share account
Surplus
Interest
34
00
20
95
86
44
758 60
333 50
1 25
486 91
2,850 00
Premiums
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
$1,008,265 05
$1,008,265 05
Membership
Shares
Issued during year
Withdrawn diuing year
Matured during year
Shares in force
Shares now pledged
New series issued in February, August.
Members
Members who
2,524
1,363
Holders
707
of:
Unmatured
14,595
5,571
1,268
— are borrowers
474
.
1,268
shares
Profits Distributed
Unmatured Shares
First term, 3Vio%; second term, 3Vio%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
average rate, 6.30%): 6V:o%. $957,800.
61 share loans (average, $444 each; average rate, 6.30%): 6^/10%, $27,090.
413
real estate loans (average, $2,319 each;
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$1,500.00
1.49
$300.00
Other
Expenses
$537.74
Advertising
Total
$2,337.74
2.32
.53
.30
CHELSEA — CHELSEA CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Incorporated October 25, 1910.
Room
12,
Pemberton
Began business November
Fred A. Pitcher, President
2,
BIdg., Boston)
1910
George
I.
M. Hayes,
Treasurer
Board of Directors: G. H. Akins, J. E. Beck, M. J. Casey, J. M. Curley, T. F. Driscoll, W. S. Fracker*, J. H.
Gilmore, G. J. M. Hayes*, Eben Hutchinson, G. A. Johnson, E. L. Lee, B. P. Nicholls, F. E. Parlin,
F. A. Pitcher, Clarence Richmond, Samuel Robie, Abram Salter, David Walper, R. S. Wentworth*,
C. A. West, C. H. Wilbar.
Regular meetings for receipt of moneys the first Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on
real estate
Liabilities
.....
....
Due capital
Profits capital
Matured share
Paid-up share
certificates
certificates
....
.....
.....
.....
Forfeited share account
.
Guaranty fund
Surplus
payable for money borrowed
Due on uncompleted loans
Bills
Dividends on matured share
cates
Dividends on paid-up share
cates
certifi-
certifi-
1925
P.D.
60
Issued during year
8,
Part III.
Membership
Shares
....
....
....
....
.....
....
2,363
1,203
10
Withdrawn during year
Forfeited during year
325
Matured during year
Shares in force
7,774
Shares now pledged
3,099
Matured shares represented by certificates
619
83
Paid-up shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
808
300
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
768
94
15
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1%%; second term, 1%%; third term,
15^%; fourth term, 1^%.
Paid-up Share
Certificates
1M%;
First term, 1}4%', second term,
IH%;
fourth term,
1H%-
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
$1,927.02 each; average rate, 6.45%): 6%, $284,025;
34 share loans (average, $320 each; average rate, 6%): 6%, $10,924.
1 loan on matured share certificates: 6%, $900.
371 real
estate loans (average,
7%,
$238,200.
Total Expenses for Year
Salaries
Amount paid
$2,015.00
3.67
for
Cost per $1,000 of assets
.
Rent
Advertising
$648.39
1.18
$400.30
.72
Other
Expenses
Total
$1,259.77
2.29
$4,323.46
7.86
CHELSEA — PROVIDENT CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 108 Water Street, Boston; 377 Washington
Avenue, Chelsea; Horace Memorial Hall, Webster Avenue, Chelsea)
Incorporated September 25, 1885.
Began business September
28, 1885
W. Gould, Treasurer
W. A. Baston, C. W. Gould, W. D. Grover*, E. K. Hamill, G. E. Hutchins*,
Martin, W. L. Martin, WiUiam Martin, R. O. Rockwell, Jr.*, H. M. Russell, E. H.
Walter L. Martin, President
Charles
Board of Directors: A. B. Atwood,
F. W. Kimball, B. T.
Walker.
Regular meetings for receipt of moneys the fourth
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Cash
1925
Liabilities
$25,000
1,276,700
44,600
43,856
00
00
00
56
...
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
....
....
.
Guaranty fund
Surplus
Due on uncompleted
Personal accounts
loans
.
Dividends on matured share
cates
Dividends on paid-up share
cates
$927,591
205,382
170,400
6,000
1,676
26,894
39,078
8,850
2
00
57
00
00
04
97
48
00
00
certifi-
4,169 00
certifi-
112 50
$1,390,156 56
$1,390,156 56
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matvu^ed shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
3,639
2,153
1,195
17,974
7,821
852
30
.....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
certificates
Profits Distributed
Unmatured Shares
2%%; second term, 2''A%.
First term,
2M%;
Matured Share Certificates
second term, 2^%.
Paid-up
Certificates
214%; second term, 2}4%.
retained on voluntary withdrawals, 25%.
* Security Committee.
1,539
476
1,501
First term,
First term,
Proportion of profits
.
133
4
P.D.
8,
61
Part III.
Rates and Averages on Loans
S96
real estate loans
(average,
451 each;
average rate, 5.94%):
$1,142,300.
98 share loans (average, $455 each; average rate, 6%): 6%, $44,600
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
5M%,
$4,300;
5^%,
$130,100;
6%,
62
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Dues
$26,200 00
capital
Profits capital
922 00
6 90
2,217 21
....
Temporary expense account
Cash
00
80
00
06
55
420 29
21 71
6 70
500 00
5 00
$25,242
712
2,200
50
187
....
.
.
Paid-up share certificates
Guaranty fund
Surplus
Interest
.
.
.
.
...
...
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
.
.
$29,346 11
Issued during year
$29,346 11
Membership
Shares
....
....
.....
....
Withdrawn during year
1925
Liabilities
Loans on real estate
Loans on shares
•
Part III.
Shares in force
Shares now pledged
Paid-up shares represented by certificates
New series issued in January, July.
......
...
250
21
...
247
3
Members
Members who
942
464
Holders of
1,823
:
— are borrowers
Unmatured
233
shares
Paid-up share
11
.
.
certificates
.
Profits Distributed
Unmatured Shares and Paid-up Share
J^%; second term, 2}4%.
.
Certificates
First term, 2
Proportion of profits retained on voluntary withdrawals,
25%
of the last distribution.
Rates and Averages on Loans
IS real estate loans (average, $2,015 each; average rate, 6%): 6%, $26,200.
8 share loans (average, $115 each; average rate, 6%): 6%, $922.
Total Expenses for Year
Salaries
Amount paid
for
Rent
Advertising
$4.00
.
Cost per $1,000 of assets
.13
Other
Expenses
$153.62
6.24
Total
$157.62
5.37
CHICOPEE — ALDENVILLE CO-OPERATIVE BANK
Incorporated July 31, 1920.
Lionel
J.
Dugas, President
Began business September
1,
1920
Joseph C. Drapeau, Treasurer
Board of Directors: Frank Auchter, J. O. Beauchamp, Homer Cartier, J. L. Charbonneau, G. A. Charpentier,
F. A. Croteau, C. E. Day, O. Desrochers, Symphorien Desrochers*, J. C. Drapeau, Raoul Ducharme*,
L. J. Dugas, G. G. Granger, J. J. Harniseh, Cora Henin, M. B. Howard*, Odias Labonte, J. A. Lamothe,
George Laroche, H. J. Lavoie, Nicolas Nadeau, C. E. Poirier, Amedee Robert, E. H. Sittard, O. J. Terrien, B. J. Tessier, Amherst Theroux.
Regular meetings for receipt of moneys the last Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on
real estate
Liabilities
1925
P.D.
8,
63
Part III.
Rates and Averages on Loans
22 real estate loans (average, $2,736 each; average rate, 6.96%): 6%, $46,400; 10%, $13,800.
12 share loans (average, $192 each; average rate, 6%): 6%, $2,310.
Total Expenses for Year
Salaries
Amount paid
Rent
$18.15
$95.00
1.46
for
Cost per $1,000 of assets
.
Advertising
.28
Other
Expenses
$205.20
3.15
Total
$318.35
4.89
CHICOPEE — CHICOPEE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: King's Drug Store, Chicopee Falls)
Incorporated June
Frederick
M.
12, 1909.
Began business August
3,
1909
Joseph R. Hastings, Treasurer
Nichols, President
Board of Directors: F. M. Beesley*, N. B. Carter, James Crompton, S. E. Fletcher, J. R. Hastings, H. L. Holt,
F. C. Kendall, J. P. Kirby, C. A. Ludden*, E. F. McDonnell, F. M. Nichols*, E. J. O'Neil, Jr., J. A.
O'Rourke, P. C. Pond, W. H. Trumbull, Samuel Weiner.
Regular meetings for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Permanent expense account
.
......
Temporary expense account
Cash
$500,550 00
1925
P.D.
64
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
$37,200 00
1,400 00
3 65
.
32 76
.
$34,768 00
Dues capital
Profits capital
1,522 84
2,000 00
Paid-up share certificates
Guaranty fund
97 92
247 65
Surplus
$38,636 41
$38,636 41
Membership
Shares
....
....
.....
Issued during year
Withdrawn during year
Shares in force
Shares now pledged
Paid-up shares represented by certificates
New series issued in May, November.
.
.
.
1,171
490
2,148
318
10
Members
Members who
Holders
of:
273
25
— are borrowers
272
Unmatured shares
Paid-up share
2
certificates
Profits Distributed
Unmatured Shares
First term, 2^%; second term, 2 3^%.
Paid-up Share
Second term, 2}^%.
Certificates
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
14 Teal estate loans (average, $2,657 each; average rate, 6%): 6%, $37,200.
13 share loans (average, $107 each; average rate, 6%): 6%, $1,400.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
1925
Liabilities
Loans on real estate
Loan on shares
Overs and shorts
Cash
Part III.
Rent
Advertising
P.D.
8,
65
Part III.
Membership
Shares
6,890
3,379
1,338
23,160
10,737
2,804
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
728
Paid-up shares represented by certificates
New series issued in January, April, July, October.
....
Members
Members who
Holders
of:
— are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
2,217
699
1,926
.
426
139
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1>^%; second term, 1^%; third term,
1^%; fourth term, 13^%.
Paid-up Share
Certificates
l}i%; second term, 1)4,%; third term,
13^%; fourth term, 1M%.
First term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
(average, $3,041 each; average rate, 6.82%): 5%, $20,175; 5}^%, $156,725;
$168,650; 7%, $1,564,405.
7i sftore Zoans (average, $286 each; average rate, 6.95%) 5}^%, $325; 6%, $475; 7%, $19,512.
628
real estate loans
:
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
6%,
P.D.
66
407
13S
S
3
Rates and Averag^es on Loans
real estate loans (average, $3,097 each; average rate, 6.92%): 6%, $97,362.60; 7%,
share loans (average, $181 each; average rate, 7%): 7%, $23,970.
loans on matured share certificates: 7%, $1,075.
loans on paid-up share certificates: 7%, $550.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
8,
Part
$1,163,310.
III.
P.D.
8,
67
Part III.
Board of Directors: E. B. Caiger, W. B. Conant, J. J. Connorton, C. M. Cox*, Kennan Damon, H. B. Daniels,
R. D. Donaldson* J. A. Finigan*, G. C. Gould, J. W. Hendrickson, W. N. How, E. R. Howard, G. H.
Lovejoy, Bernard McGrath, Benjamin Moody, James Nagle, Thomas Peterson, B. L. Pratt, W. A. Rodday*, Raymond Wheeler, R. A. Whittier*, R. D. Willard, T. A. Wilson.
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on
real estate
1925
P.D.
68
2,621
896
315
......
—
Members
Members who
Holders
of:
are borrowers
....
Unmatured shares
Matured shares certificates
9,417
4,142
495
377
Paid-up share
First term,
certificates
.
Proportion of profits retained on voluntary withdrawals,
none.
25% on
.
.
...
.
.
2%%;
Certificates
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 5.94%): 5}4%, $81,350; 6%, $643,940.
5M%. $135; 6%, $14,460.
Total Expenses for Year
Salaries
.
865
90
64
second term, 2}4%.
series less
61 share loans (average, $286 each; average rate, 5.99%,):
3 loans on matured share certificates: 6%, $1,320.
for
969
348
Profits Distributed
Unmatured Shares
second term, 2%%.
real estate loans (average, $2,467 each;
Cost per $1,000 of assets
III.
2%%;
Matured and Paid-up Share
First term,
Amount paid
Part
Membership
Shares
Issued during year
Withdrawn during year
Matured during. year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in February, August.
294
8,
P.D.
8,
69
Part III.
Rates and Averages on Loans
662 real estate loans (average, $2,839.64 each; average rate, 6.3%): 6Vio%- $1,879,840.
113 share loans (average, $311.95 each; average rate, 6.3%): 6Vio%, $35,250.
3 loans on matured share certificates: 6%, $1,800.
£ loans on paid-up share certificates: 6%, $900.
Total Expenses for Year
Rent
Salaries
Amount
$6,305.12
3.23
paid for
Cost per $1,000 of assets
.
Advertising
Other
Expenses
Total
$287.09
$1,181.94
$7,774.15
.15
.60
3.98
DIGHTON — NORTH DIGHTON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Engine Hall, Dighton)
Incorporated April
Edward T. Cocker,
14, 1890.
Began
bvisiness April 21,
1890
Dwight
President
F. Lane, Treasurer
Andrews, L. E. Briggs*, C. F. Brownell*, H. T. Childs, Alexander Chisholm, E. T.
Cocker, J. F. DriscoU, A. N. Goff, J. H. Goff, D. F. Lane, Helen H. Lane, E. E. Lincoln*, H. B. SeekeU,
E. E. Spencer, E. F. Walker.
Board of Directors:
J. "W.
Regular meetings for receipt of moneys the second
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Temporary expense account
Insurance and taxes paid
Pass book account
Cash
......
$434,410
1925
70
P.D.
Board of Directors:
Part III.
8,
W.
B. Bannerman, G. A. Burrell, L. R. Fisher, F. E. Fuller*, U. G. Johnson,
A. L. Leland, H. L. Moorhouse*, E. T. Morse, W. E. Murphy, J. F. Murray, C. L. Nutter, S. K. Nutter*,
James O'Brien, M. F. Roach*, G. A. Root, A. B. Shaw, H. C. Thorndike, G. M. Webber*.
3.
R. Baker,
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Cash
$1,000
263,950
3,100
16,502
.
00
00
00
91
Dues capital
Profits capital
00
48
00
00
00
64
33
46
99
01
970 00
$142,465
29,090
82,800
21,200
8
3,832
2,738
1,404
31
12
Matured share
certificates
Paid-up share certificates
I'oifeited share account
Guaranty fund
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
$284,552 91
$284,552 91
Shares
Membership
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured sliares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
719
262
421
3,155
1,417
414
Members
Members who are borrowers
Holders
of:
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured Share
2M%;
Total Expenses for Year
Salaries
.
less
Rates and Averages on Loans
6%, $263,950.
rate, 6%): 6%, $3,100.
each; average rate, 6%):
8 share loans (average, $388 each; average
paid for
Cost per $1,000 of assets
second term,
Certificates
2M%
Paid-up Share Certificates
J^%; second term 23^%.
Proportion of profits retained on voluntary withdrawals, 25% on series
5 to 8 years; after 8 years, none.
Amount
133
351
78
20
106
First term, 2
estate loans (average, $2,111
394
—
Unmatured shares
Matured share certificates
First term,
IZSreal
1925
Liabilities
than 5 years old;
10% from
P.D.
8,
Part III.
71
Membership
Shares
Issued during year
795
474
96
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in May, November.
Proportion of
profit.?
Members
Members who
Holders of
:
— are borrowers
Unmatured shares
Matured share certificates
3,571
1,480
25%
on
series less
than 4 years old; after 4 years,
Rates and Averages on Loans
Total Expenses for Year
Salaries
.
61
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 2%%; second term, 2J^.
retained on voluntary withdrawals,
none.
paid for
Cost per $1,000 of assets
399
266
85 real estate loans (average, $3,117.76 each; average rate, 6%): 6%, $265,010.
22 share loans (average, $201.59 each; average rate, 6%): 6%, $4,435.
Amount
423
104
P.D.
72
8,
Part
III.
EVERETT — EVERETT CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Co., 50 State Street, Boston)
Incorporated September 24, 1890.
Began business October
14,
Charles B. Ladd, President
1890
Ernest R.
Board of Directors: D. P. Bailey, F. E. Boyd, E. R. Fall*, C.
Ladd*, C. C. Nichols, J. W. Philbrick*, W. J. Rockwood,
Fall, Treasurer
G. E. Hunt, F. E. Jennings, C. B.
C. Simes, E. B. Slocum.
S. Hallett,
W.
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Permanent expense accoimt
.
.
.
.
.
.
.
......
Temporary expense account
Cash
$1,836,100 00
.
1925
P.D.
8,
73
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
....
Loans on real estate
.
Loans on shares
Loans on matured share certificates
Common from mortgages
Real estate by foreclosure, etc.
.
Temporary expense account
Deposit in savings account
Cash
.
.
.
.
.
.
.
.
$3,682,000
89,800
4,100
2,900
3,617
1,853
1,425
54,136
00
00
00
00
98
67
51
93
$3,839,834 09
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, September.
14,452
12,196
124
1,365
58,983
22,117
1,725
1,226
1925
P.D.
74
5,617
6,194
18
Issued during year
Withdrawn during year
Forfeited during year
Matvu-ed during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series
issued in
8,
Part
III.
Membership
Shares
493
22,939
8,785
613
365
May, November.
Members
Members who
1,530
— are borrowers
508
Unmatured shares
Matuied share certificates
1,550
Holders
of:
Paid-up share
83
50
certificates
Profits Distributed
Unmatured Shares
First term, 2M%; second term, 2M%-
Matured and Paid-up Share Certificates
2i^%; second term, 2^%-
First term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
433 real estate loans (average, $3,380 each; average rate, 5.92%): 5)^%, 8245,500; 6%, $1,218,350.
102 share loans (average, $432 each; average rate, 5.99%): 5}^%, $200; 6%, $43,950.
1
loan on paid-up share certificates:
6%,
$600.
Total Expenses for Year
Salaries
Amount
$4,848.46
3 13
paid for
Cost per $1,000 of assets
.
FALL RIVER
— PEOPLES
Incorporated February 18, 1882.
Rent
$555.44
Other
Expenses
$608.79
6,012.69
.36
.39
3.88
Advertising
Total
CO-OPERATIVE BANK
Began business March
15,
1882
Charles H. Durfee, Treasurer
Abner P. Davol, President
Nathaniel B. Durfee, Assistant Trea,surer
Board of Directors: W. H. Blanchette, F. C. Brownell*, J. B. Clifton, A. P. Davol*, Charles H. Diu-fee*,
Estes, C. E. Mills, James Sinclair, Michael Sweeney*, L. E. Wood.
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
....
Loans on real estate
Loans on shares
Permanent expense account
Cash
.
.
.
.
.
$777,100 00
24,800 00
1,201 98
13,414 14
$816,516 12
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
2,860
2,181
173
11,218
4,882
434
230
1925
J.
E.
P.D.
8,
Part III.
75
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
P.D.
76
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Permanent expense account
Temporary expense account
Cash
.
Part
1925
III.
P.D.
1,110
SSS
14
^
8,
Part III.
77
Rates and Averages on Loans
real estate loans (average, $3,333 eanh; average rate, 5.99%): 5%, $2,450; 6%,
share loans (average, $265 each; average rate, 6%): 6%, $59,759.
loans on matured share certificates: 6%, $8,455.
loans on paid-up share certificates: 6%, $875.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
$3,697,540.
78
P.D.
Part
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Common form mortgages
$806,125 00
11,880 00
5,300 00
....
Temporary expense account
Cash
413 05
635 62
Dues
capital
Profits capital
$601,859
134,679
34,069
15,884
14,206
6,900
185
197
16,370
.
Matured share account
Guaranty fund
Surplus
Interest
Fines
.
Withdrawal profits
Due on imcompleted loans
$824,353 67
Membership
2,296
1,089
579
11,806
4,547
.....
—
Members
Members who
Holders
of:
Unmatured
are borrowers
shares
3%; second term, 3%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
390 real estate loans (average, $2,066.99 each; average rate, 6%): 6%, $806,125.
38 share loans (average, $312.63 each; average rate, 6%): 6%, $11,880.
Total Expenses for Year
Salaries
for
.
.
Profits Distributed
Unmatured Shares
First term,
Cost per $1,000 of assets
00
33
52
43
88
87
48
29
87
$824,353 67
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New series issued in March, September.
Amoxmt paid
III.
1925
1,096
429
1,096
P.D.
8,
79
Part III.
Shares
....
....
....
.....
....
13,681
Issued during year
Withdrawn during year
8,024
181
Forfeited during year
2,315
Matured during year
50,782
Shares in force
25,707
Shares now pledged
6,366
Matured shares represented by certificates
2,295
Paid-up shares represented by certificates
New series issued in February, May, August, No.
vember.
.
.
.
Membership
80
P.D.
Shares
8,
Part III.
P.D.
8,
81
Part III.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Rent
Advertising
$1,200.00
Other
Expenses
$228.63
2.44
.47
Total
$1,428.63
2.91
GARDNER — CHAIR-TOWN CO-OPERATIVE BANK
Incorporated January 22, 1915.
Otto
W.
Began business January
26, 1915
Frank B. Edgell, Treasurer
Siebert, President
Agnes V. Whitney, Assistant Treasurer
S. Anderholm, C. J. Ballou, H. W. Blake, G. "W. Bourn, E. M. Brown, E. F. Brainard, A. B. Bryant, F. L. Butler, J. B. Carbone, J. P. Carney, H. H. Cohen*, E. W. Crouch, D. D. Dora*,
F. B. Edgell, S. H. Hartshorn, J. B. Kelly, G. A. Keyworth, J. Kuczynski, B. Kuprewicz, P. H. Loughlin,
N. Maki, C. P. Pearson, L. E. Robillard*, A. Rosenberg, F. A. Rothlis, D. W. Siebert, O. W. Siebert*,
S. I. Simenson, J. H. L. Smead, L. E. Smith*, A. H. Stone, C. E. Thompson, J. O. Torppa, F. D. Tousi-
Board of Directors: M. E.
gnant. Glen Underwood, G. R. Warfield.
Regular meetings for receipt of moneys the fourth Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Permanent expense account
....
Temporary expense account
Cash
Liabilities
Dues
capital
1925
P.D.
82
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loana on shares
Loans on matured share certificates
Temporary expense account
Insurance and taxes paid
.
Cash
.
.
.
.
.
.
.
,518,295 00
35,838 00
275
698
32
98,908
.
00
03
65
65
$1,654 047 33
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matiired diu-ing year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, September.
3,907
2,433
28
895
19,669
8,546
1,183
744
Dues
capital
Part III.
1925
P.D.
8,
Part III,
83
Membership
Shares
Issued during year
6,018
2,486
Withdrawn during year
43
721
29,053
Forfeited during year
Matured during year
Shares in force
Shares now pledged
12,032
Matured shares represented by certificates
2,380
Paid-up shares represented by certificates
352
New series issued in January, April, July, October.
Members
Members who
Holders
of:
3,324
1,156
— are borrowers
Unmatured shares
3,089
442
62
Matvu'ed share certificates
Paid-up share certificates
Profits Distributed
Unmatured Shares
First term, 1}4%; second term, 1H%; third term,
1H%; fourth term, 1H%.
Matured Shares
First term,
1%%;
Certificates
second term,
iys%; fourth term,
1^%.
1%%;
third term,
Paid-up Share Certificates
1M%; second term, 1M%; third term,
fourth term, lJi%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,044 real estate loans (average, $2,122 each; average rate, 6.3%): 6Vio%, $2,214,550; 6V6%, $750; 6*/i%,
$100; 71/6%, $50.
154 share loans (average, $267 each; average rate, 6.35%): 6«/io%, $33,890; 6"/ioo%, $335; 6V6%, $2,375;
63^%, $620; 6»/6%, $2,990; 6Vio%, $80; 6^6%, $140; 7%, $60; 7V6%, $600; 7}47o, $40; 8V6%,
$50; 10V6%, $15.
7 loans on matured share certificates: 6'/io%, $4,200; 6Vi)%, $150; 6V6%, $100.
1 loan
on paid-up share
certificates:
71/5%, $50.
Total Expenses for Year
Salaries
Amoimt paid
for
.
Cost per $1,000 of assets
84
P.D.
8,
Part III.
Membership
Shares
Issued during year
6,237
2,819
Withdrawn during year
Forfeited during year
20
944
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
28,112
10,910
1,332
14
Members
3,378
Members who are borrowers
Holders of:
Unmatiu:ed shares
—
Matured share
Paid-up share
772
.
certificates
certificates
3 209
221
3
.
Profits Distributed
Unmatured Shares
second term, 3%.
First term,
3%;
First term,
2?^%; second term,
Matured Share
Paid-up Share
Second term, 2 }^%.
Proportion of profits retained on voluntary withdrawals,
50%
Certificates
2M%-
Certificates
of last dividend.
Rates and Averages on Loans
667 real estate loans (average, $2,795 each; average rate, 6%): 6%, $1,864,600.
17S share loans (average, $253 each; average rate, 7%): 7%, $43,575.
Total Expenses for Year
Amount paid
for
.
Cost per $1,000 of assets
Salaries
Rent
$5,206.61
2.67
$500.00
.25
Other
Expenses
Total
$45.00
$1,829.91
$7,581.52
.02
.94
3.88
Advertising
GREAT BARRINGTON — HOUSATONIC CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: P. J. Kane's Store, Depot Street, Hoiisatonic,
and office of Clerk of Central District Court, Great Harrington)
Incorporated June
12, 1889.
Began business July
1,
1889
Elmer C. Herrick, President
D. C. Killeen, Treasurer
Board of Directors: F. C. Chamberlin, C. P. Comstock*, J. F. Gerard*, Charles
Kane*, D. C. Killeen, J. F. Mack, G. C. Najar.
Regular meetings for receipt of moneys the
first
Monday
Gillett,
of each
E. C. Herrick, P.
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
.
1925
Liabilities
....
Loans on real estate
Loans on shares
Loans on paid-up share
Cash
J.
.
certificates
.
.
$303,825 00
3,608 00
500 00
3,274 80
Dues
capital
Profits capital
Matured share
Paid-up
.
.'
Dividends on matured share
icates
Dividends on paid-up share
icates
$311,207 80
"^:
.....
.....
.....
Guaranty fund
Surplus
....
....
certificates
share certificates
.
.
'
.
.
certif-
certif-
00
46
00
00
4,469 39
$202,193
36,973
39,200
24,800
2,048 61
P.D.
8,
85
Part III.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$900.00
2.89
$18.00
$144.09
.05
.46
Advertising
Other
Expenses
$235.82
Total
$1,297.91
4.17
.75
GREENFIELD — GREENFIELD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Turners Falls, Millers Falls, and Shelburne
Falls)
Incorporated June 21, 1905.
Began business July
11,
1905
Henry
William B. Allen, President
S.
Franklin, Treasurer
Catherine V. Studer, Assistant Treasurer
of Directors: W. B. Allen, F. R. Andrews, G. E. Davis, P. E. Fay* H. S. Franklin, L.
F. E. Hawks*, F. A. Loomis*. M. H. Nichols, C. E. Powers, A. H. Rist, A. C. E. Stimson,
brod, G. H. Wilkins, C. E. Winslow.
Board
W. Griswold,
W. H. Weiss-
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
on real estate
on shares
on matured share certificates
on paid-up share certificates
Temporary expense account
Cash
Loans
Loans
Loans
Loans
.
.
.
.
$1,298,515 00
42,400 00
10,590 00
835 00
.
1,849 49
49,099 49
.
$1,403,288 98
She
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in January, July.
6,725
3,311
42
178
22,498
8,503
1,331
535
Dues
capital
1925
P.D.
86
8,
Part III.
Board of Directors: A. H. Amazeen*, Theodore Dewhurst, H. W. Hardy, John Magee, Edward McCormick,
J. W. McGinley, George Mitchell*, C. H. Pike, B. L. Sides, F. R. Spofford, A. G. Twombly*, H. W.
Vaughan*, A. L. Wales*.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
Overs and shorts
Cash
.
.
.
.
.
$485,700 00
10,545 00
4,000 00
1,320 22
3 35
7,406 48
$508,975 05
Shares
Issued during year
1,064
Withdrawn diu-ing year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
New
series issued in
May, November.
821
248
5,621
2,753
627
Dues
capital
192S
—
P.D.
8,
Part III.
87
Membership
Shares
Issued during year
"Withdrawn during year
Forfeited during year
Matured during year
3,764
3,048
46
693
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in April, October.
22,468
9,405
878
.....
Members
Members who
Holders
are borrowers
.
Unmatured shares
Matured share certificates
Certificates
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
672 real estate loans (average, $2,345 each; average rate, 6%): 6%, $1,575,730.
875 share loans (average, $200 each; average rate, 6%): 6%, $54,985.
S loans on matured share certificates: 6%, $630.
Total Expenses for Year
Salaries
147
.
Profits Distributed
Unmatured Shares
First term, 2%%; second term, 2^%-
Matured Share
.
815
1,991
First term, 2 14%; second term,
Amount paid for
Cost per $1,000 of assets
2,067
of:
214%.
P.D.
HINGHAM
Part III.
8,
HINGHAM CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Office of Rhodes Ripley Co., 76 Essex Street,
Boston; store of F. A. Loud & Co., East Weymouth; store of Joseph H. St. John, Cohasset)
Incorporated June
1,
1889.
Began business June
5,
1889
George
Ira G. Hersey, President
S.
Marsh, Treasurer
Board of Directors: C. S. Gushing*, Edmund Daly, J. W. Douglas, W. B. Fearing*, "W. B. Foster, F. M. Hersey*, I. G. Hersey, K. A. Hersey*, J. T. HoUis, Frederick Humphrey, C. H. Marble, G. S. Marsh, J. J.
Moore, E. R. Ripley, W. C. Shute, W. W. Simmons, E. F. Skinner*, George Whiting.
Regular meetings for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Unpaid interest
Unpaid fines
Cash
.
.
Dues
$1,207,100 00
39,600 00
.
Matured share
900 00
.
.
.
.
.
.
.
.
$820,110 00
170,804 87
219,400 00
1,237 53
223 94
25,320 01
21,235 35
234 25
8,300 00
capital
Profits capital
certificates
Forfeited share account
Matured share account
2,625 00
3,199 51
......
.
.
Guaranty fund
333 40
15,878 63
Surplus
Interest
Due on uncompleted
loans
.....
Dividends on matured share
icates
certif-
2,770 59
$1,269,636 54
$1,269,636 54
Membership
Shares
Issued during year
1925
Liabilities
....
....
....
....
.....
....
Withdrawn during year
....
—
Members
Members who are borrowers
3,275
949
32
517
Holders
Forfeited during year
Matiured during year
17,088
Shares in force
6,945
Shares now pledged
1,097
Matured shares represented by certificates
New series issued in February, May, August, No-
of:
Unmatured shares
Matured share certificates
1,580
504
1,542
198
.
Profits Distributed
Unmatured Shares
First term, 11^6%; second term, l'/f6%; third term,
VA6%; fourth term, V4i%.
vember.
Matured Share
Certificates
First term, ll{i%; second term,
1^/16%;
fourth term,
1%%;
third term,
1%%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
from 5 to 10 years old; 5% after 10 years.
10% on
series
Rates and Averages on Loans
418 real estate loans (average, $2,887.70 each; average rate, 5.99%): 5M%, $6,200; 6%, $1,200,900.
16S share loans (average, $255.49 each; average rate, 6%): 6%, $39,600.
1 loan on matured share certificates: 6%, $900.
Total Expenses for Year
Amoimt paid
for
Cost per $1,000 of assets
.
Salaries
Rent
$3,700.00
2.91
$312.73
$137.30
Other
Expenses
$937.03
.25
.11
.74
Advertising
Total
$5,087.06
4.01
HOLBROOK — HOLBROOK CO-OPERATIVE BANK
Incorporated June
Howard
9, 1888.
Began business Jvme
11,
1888
Frederic
Platts, President
W.
Blanchard, Treasurer
W.
Blanchard, F. B. Brooks, F. B. Diman*, L. E.
Board of Directors: A. C. Belcher, Leonard Belcher, F.
Flye P H. Fraher, F. A. Gardner*, W. F. Gleason, John King, Howard Platts, G. W. Porter, J. W. PorWilde, W. B. Wilde.
T.
ter, E. S. Rogers, A. T. Southworth*, G. E. White, G.
Regular meetings for receipt of moneys the second Tuesday of each month.
* Security Committee.
P.D.
S,
89
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
.....
Temporary expense account
Cash
.
$597,350 00
22,900 00
500 00
1,520 00
2,078 92
1,500 00
200 00
995 66
11,781 10
$638,825 68
1925
90
P.D.
8,
Part III.
Membership
ShE
Issued during year
Members
Members who
4,248
3,091
186
17,931
7,171
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
886
Paid-up shares represented by certificates
631
New series issued in January, April, July, October.
1,673
— are borrowers
482
Unmatured shares
Matured share certificates
1,554
Holders
of:
Paid-up share
150
92
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
114% second
First term,
1M%;
<
term, 1}4%', third term,
1H%-
fourth term,
on voluntary withdrawals, none.
Propiortion of profits retained
Rates and Averages on Loans
390
real estate loans (average, $2,955 each; average rate, 6%): 6%, $1,152,700.
141 share loans (average, $264 each; average rate, 6%); 6%, $37,244.
3 loans on matured share certificates: 6%, $1,550.
Total Expenses for Year
Amoimt paid
for
.
Cost per $1,000 of assets
Other
Expenses
Salaries
Rent
$4,185.79
3.36
$516.08
$409.80
$1,078.85
.41
.33
.87
Advertising
Total
$6,190.52
4.97
HOL YOKE — HOL YOKE CO-OPERATIVE BANK
Incorporated July 24, 1880.
Charles L.
Newcomb,
W.
Board of Directors:
Newcomb*, T. D.
Began business August
25,
1880
Frank
President
J.
Phelps, Treasurer
F. Bachelder, F. A. Brainerd, John Hildreth, E. D. Lamb, C. L. Newcomb, R. E.
O'Brien, F. J. Phelps*, G. W. Ritter, L. M. Thorpe, John Williams*, L. M. Yoerg.
Regular meetings for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Real estate by foreclosure, etc.
Insurance and taxes paid
Cash
.
.
.
.
.
.
.
.
$12,000 00
1,515,400 00
37,400 00
300 00
7,900 00
15,999 25
38 00
66,836 55
Dues
capital
Profits capital
Matured share
certificates
Forfeited share accoxint
$1,080,382 00
213,150 03
279,800 00
427 00
43,734 07
38,080 70
300 00
.
Guaranty fund
Surplus
Due on uncompleted
loans
$1,655,873 80
$1,655,873 80
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in May, November.
5,532
2,613
159
589
23,269
8,642
1,399
Proportion of profits retained on voluntary withdrawals,
Members
Members who
2,005
— are borrowers
503
Unmatured shares
Matured shares certificate
1,933
Holders
of:
180
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 23^%; second term, 3%.
25% on
not over 5 years old;
series
10%
thereafter
Rates and Averages on Loans
$3,436 each; average rate, 5.94%): 5}.^%, $164,100; 6%, $1,351,300.
71 share loans (average, $526 each; average rate, 5.97%): 5H%. $1,800; 6%, $35,600.
1 loan on matured share certificates: 6%, $300.
441 real
estate loans (average,
Total Expenses for Year
Salaries
Amount paid
for
Cost per $1,000 of assets
.
P.D.
8,
91
Part III.
HUDSON — HUDSON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: John C. King, Fowler Block, Maynard)
Incorporated October 22, 1885.
Ellsworth
S.
Began business November
19,
1885
Norman M. Hunter,
Locke, President
W.
Gertrude
Treasurer
Fi London, Assistant Treasurer
Board of Directors: G. F. Allen, Gertrude Fi London, A. L. Fletcher*, N. M. Hunter, R. F. Kerrigan, R. S.
Lamson*, E. S. Locke, F. E. Morris, C. A. Packard, E. J. Prescott*, C. H. Robinson, F. H. Robinson,
S. M. Robinson*, Frank Taylor, C. J. Tower, J. N. Tower, C. B. Wheeler, C. M. Witt, A. E. Woodbury.
Regular meetings for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid interest
Cash
.
.
.
.
,904,450 00
58,350 00
1,400 00
650 00
43 37
.
......
.
.
.
4,861 95
25,828 47
.
$1,995,583 79
Shares
....
....
....
.....
....
4,310
Issued during year
1,819
Withdrawn during year
109
Forfeited during year
1,058
Matured during year
22,568
Shares in force
11,200
Shares now pledged
1,387
Matured shares represented by certificates
866
Paid-up shares represented by certificates
New series issued in February, May, August, No.
vember.
.
.
.
1925
P.D.
92
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
....
Personal accounts
Cash
.
Liabilities
$412,225 00
7,900 00
49 76
194 97
90 00
7,988 83
$428,448 56
Dues
capital
Part III.
1925
P.D.
8,
93
Part III.
Membership
Shares
5,769
Issued during year
Withdrawn during year
2,965
87
Forfeited during year
261
Matured during year
15,158
Shares in force
4,773
Shares now pledged
166
Matured shares represented by certificates
260
Paid-up shares represented by certificates
New series issued in January, April, July, October.
....
Members
Members who
Holders
of:
— are borrowers
1,118
313
.
Unmatured shares
Matured share certificates
Paid-up share
1,137
30
42
certificates
Profits Distributed
Unmatured Shares
second term, 1J^%; third term,
11^%; fourth term, 1^%-
First term,
1%%;
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
S60
25%
Total Expenses for Year
Salaries
Amoxmt
paid for
Cost per $1,000 of assets
.
second term,
first
Certificates
1M%;
third term,
1M%.
5 years;
after 5 years, none.
Rates and Averages on Loans
average rate, 6.45 %): 6%, $72,800; 6}4%, $720,450.
$225.06 each; average rate, 6.50%): 6}i%, $17,780.
real estate loans (average, $3,050.96 each;
79 share loans (average,
1M%;
fourth term,
P.D.
94
8,
Part III.
Rates and Averages on Loans
466
real
estate
loans
(average, $3,550 each;
average rate, 6.40%): 5%, $10,900; 6%,' $290,600;
$1 352 900
20S share'loans (average, $179 each; average rate, 6.48%): 6%, $1,285;
1 loan on matured share certificates: 6}-^%, $100.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
6^%.
$34,990.
6J^%,
P.D.
8,
95
Part III.
LEOMINSTER — LEOMINSTER CO-OPERATIVE BANK
Incorporated
May
8,
1888.
Alfred N. Litch, President
Began business
May
18,
1888
J.
Ward
Healey, Treasurer
Board of Directors: R. B. Andrews, C. E. Bigelow*, L. W. Browning, H. R. Davis, F. S. Farnsworth, J.
Healey, W. E. Holman, T. C. Howe, A. N. Litch, F. H. Robertson*, F. W. Tenney, F. A. Whitney*.
Regular meetings for receipt of moneys the third Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
....
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Cash
.
.
certificates
.
$1,789,045
31,725
3,315
3,166
44,106
00
00
00
50
05
1925
W.
96
P.D.
Part III.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
Loans on real estate
Loans on shares
Permanent expense account
$212,325
11,370
1,169
470
1,878
....
Temporary expense account
Cash
Dues capital
Profits capital
00
00
46
05
77
Paid-up share
$176,841 00
21,704 81
23,600 00
certificates
Forfeited share account
28 82
Guaranty fund
831 63
215 60
1,422 90
29 87
Surplus
Interest
Fines
Transfer fees
.
25
188 40
Withdrawal profits
Due on uncompleted loans
2,350 00
$227,213 28
$227,213 28
Membership
Shares
....
....
.....
....
Members
Members who
Issued during year
1,237
Withdrawn during year
.
915
Forfeited during year
15
Shares in force
4,391
Shares now pledged
1,473
Paid-up shares represented by certificates
118
New series issued in March, June, September, December.
.
.
.
Holders
469
132
— are borrowers
of:
Unmatmed
444
25
shares
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Paid-up Share
First term, 1
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
10% on
14% second
;
fourth term,
series less
term,
1
}4%
Certificates
third term,
',
1M%.
than 6 years old; after 6 years,
Rates and Averages on Loans
87 real estate loans (average, $2,440 each; average rate, 6%): 6%, $212,325.
45 share loans (average, $252 each; average rate, 6%): 6%, $11,370.
Total Expenses for Year
Amount
paid for
.
Salaries
Rent
Advertising
$1,611.97
$265.94
1.17
$71.84
Cost per $1,000 of assets
7.10
.31
Other
Expenses
$646.37
2.84
Total
2,596 12
11.42
LEXINGTON — LEXINGTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: American Trust Company, Boston;
Harrod, East Lexington; J. M. Chase, Bedford; R. D. Donaldson, Lincoln)
Incorporated
May
10, 1916.
Began business July
12,
E.
W.
1916
William E. Mulhken, Treasurer
HaUie C. Blake, President
Board of Directors: W. H. Ballard, A.
I. Bicknell, H. C. Blake*, A. H. Burnham, J. M. Chase, F. D. Cloyes,
T. A. Custance*, F. P. Cutter, R. D. Donaldson, B. C. Earle, E. W. Harrod, D. B. Lewis, H. A. MarG. C. McKay, W. E. Mulliken*, C. S. Ryan, J. W. Smith, C. H. Spaulding*. Matthew Stevenson,
E. C. Stone, J. A. Wilson.
tin*,
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
....
Temporary expense account
Cash
1925
Liabilities
$598,325
21,050
232
15,902
$448,809 00
00
00
Dues
73
69
Paid-up share certificates
Forfeited share account
Guaranty fund
capital
Profits capital
Surplus
Interest
Fines
Transfer fees
Withdrawal
Bills
profits
payable for money borrowed
Due on uncompleted
Security committee
$635,510 42
loans
P.D.
97
Part III.
8,
Membership
Shares
....
Members
Members who
3,782
Issued during year
1,383
Withdrawn during year
52
Forfeited during year
11,995
Shares in force
3,833
Shares now pledged
307
Paid-up shares represented Ly certifii^ates
New series issued in January, April, July, October.
Holders
of:
— are borrowers
1,001
225
.
981
55
Unmatured
shares
Paid-up share certificates
Profits Distributed
Unmatured Shares
First term, l'/i'6%; second term, '/i'o%; third term,
l'/f6%; fourth term, VA6%-
Paid-up Share Certificates
second term, 1M%; third term,
1H%;
First term,
Proportion of profits retained on voluntary withdrawals,
none.
1M%;
25% on
fourth term,
series less
1M%-
than 6 years old; after 6 years,
Rates and Averages on Loans
(average, $3,362 each; average rate, 6.49%): 5K%. $5,100; 6%, $52,300;
$490,925; 7%, $50,000.
48 share loans (average, $438 each; average rate, 6.43%): 6%, $1,000; 6J^%, $19,850; 7%, $200.
178 real
estate loans
614%,
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
LOWELL — B.
F.
Salaries
Rent
Advertising
$1,809.33
2.85
$442 11
.69
$584.61
.
Other
Expenses
$474 10
Total
3,310.15
.
5.20
.74
.92
BUTLER CO-OPERATIVE BANK
Incorporated October 30, 1901.
Began business November
1,
1901
Gardner W. Pearson, Treasurer
H. Stanley Crysler, President
Board of Directors: L. D. Abbott*, H. S. Crysler*, W. R. Jeyes, Frank Major, F. G. McKittrick, F. H. Pearson, G. W. Pearson*, M. G. Rogers, H. A. Smith, A. W. Stearns.
Regular meetings
for receipt of
moneys the
first
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
$130,500 00
$4,025 00
4,989 49
Loans on real estate
Loans on shares
Cash
.
1925
Liabilities
Assets
Dues
$75,319
15,904
25,200
13,600
159
3,170
capital
Profits capital
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
money borrowed
Due on uncompleted loans
$139,514 49
$139,514 49
Membership
Shares
Issued during year
Withdrawn during year
654
367
20
161
Forfeited during year
Matured during year
1,676
Shares in force
799
Shares now pledged
126
by
certificates
represented
Matured shares
68
Paid-up shares represented by certificates
August,
NoMay,
New series is.sued in February,
vember.
63
39
1,821 15
2,000 00
2,340 00
Surplus
Bills payable for
....
....
....
....
.....
....
00
32
00
00
......
...
—
Members
Members who
Holders
of:
are borrowers
....
...
Unmatured shares
Matured share certificates
...
Paid-up share certificates
188
70
166
25
15
Profits Distributed
Unmatured Shares
First term, 1J^%; second term, 1%%; third term,
term,
fourth
1^%.
1H%;
Matured Share Certificates
1?^%; second term, 1%%; third term,
fourth term, 15^%.
First term,
1^%;
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
25%
* Security Committee.
first
1M%.
4 years;
10%
thereafter.
98
P.D.
8,
Part
III.
Rates and Averages on Loans
60 real
estate loans (average, $2,175 each; average rate, 5.99%): 5%, $11,800; 5}4%, $1,600;
6J^%, $13,500; 7%, $5,450.
10 share loans (average, $403 each; average rate, 6.11%): 6%, $3,475; 6%%, $200; 7%, $350.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
6%,
$98,150:
P.D.
Part
8,
III.
99
LOWELL — MIDDLESEX CO-OPERATIVE BANK
Incorporated
November
2, 1892.
Began business November
William M. Sherwell, President
Board of Directors: W. D. Brown, M.
S. G. Gulline, N. D. Keables*, F.
3,
1892
WiUiam D. Brown,
J.
S.
Regular meetings for receipt of moneys the
last
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Real estate by foreclosiu'e,
Unpaid interest
Cash
....
$1,822,450
33,640
3,976
4,412
33,221
etc
00
00
29
56
76
....
....
....
.....
Dues capital
Profits capital
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Due on uncompleted
loans
.....
.....
Dividends on matured share
icates
icates
Due on
foreclosure sale
$1,174,745
255,161
223,600
175 200
2
31,544
12,460
20,000
00
29
00
00
00
65
42
00
certif-
Dividends on paid-up share
2,795 00
certif-
2,190 00
2 25
.
$1,897,700 61
$1,897,700 61
Membership
Shares
....
....
....
....
....
Issued during year
3,722
Withdrawn during year
2,594
Forfeited during year
30
Matured during year
718
Shares in force
.
.22,219
Shares now pledged
10,240
Matured shares represented by certificates
1,118
Paid-up shares represented by certificates
876
New series issued in February, May, August, No.
1925
Liabilities
Svu-plus
.
Treasurer
Burns, H. W. Coburn, C. "W. Dana*, Arthur Genest, E. J. Gilmore,
Kingsbury, S. G. Pillsbury, W. M. SherweU* P. J. Wibon.
.
vember.
......
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share certificates
.
.
.
.
.
.
.
.
.
.
.
,
2,276
647
.
2,040
184
157
Profits Distributed
Unmatured Shares
15^%; second term, 1H%; third term,
fourth term, 13^%.
First term,
1^%;
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
25%
on
1M%;
second term,
fourth term,
series less
1M%.
Certificates
1M%;
third term,
than 4 years old; after 4 years, 10%.
Rates and Averages on Loans
681 real estate loans (average, $3,136 each; average rate, 5.80%): 5%, $223,300; 51^%, $24,600; 6%,
$1,571,750; 61^%, $2,800.
66 share loans (average, $509 each; average rate, 6%): 5%, $260; 5}4%, $360; 6%, $32,070; 6H%, $950.
Total Expenses for Year
Salaries
Amoimt
paid for
.
Cost per $1,000 of assets
100
P.D.
Part III.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
.
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Permanent expense account
Temporary expense account
....
Insurance and taxes paid
Cash
1925
Liabilities
$120,000
9,269,950
254,690
4,980
8,990
16,565
6,478
2,686
Dues capital
Profits capital
00
00
00
00
00
$6,168,301
1,225,686
1,133,200
942,800
3,365
1,398
177,397
97,089
51,427
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
19
.
.
Guaranty fund
60
57
280 91
165,347 24
Surplus
Interest
Fines
Transfer fees
00
95
00
00
92
72
90
72
96
836 14
10 25
48,072 06
76 79
305 10
.
Due on uncompleted loans
Due on foreclosure sale
.
Fire loss
$9,849,968 51
$9,849,968 51
Shares
Membership
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
Members
Members who
32,176
22,613
120
4,172
132,460
56,887
6,666
4,714
Holders
— are borrowers
of:
....
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
First term,
10,611
3,739
.
.
.
certificates
10,071
916
731
Profits Distributed
t/nmatured Shares
second term, 2M%.
2M%;
Matured and Paid-up Share Certificates
2J^%; second term, 2J^%.
First term,
Proportion of profits retained on voluntary withdrawals, none.
3,697 real
estate loans (average,
Rates and Averages on Loans
average rate, 5.96%): 5J^%, $820,050; 6%, $8,444,800; 7%,
$2,507 each;
$5,100.
1,183 share loans (average, $216 each; average rate, 6.02%):
$6,770.
33 loans on maiured share certificates: 6%, $4,980.
SO loans on paid-up share certificates: 6%, $8,990.
5%, $350; 5M%,
$1,420;
6%, $246,150; 7%,
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
20,562.72
2.09
$2,168.16
Other
Expenses
Advertising
$34.10
Total
$29,486.98
2.99
$6,722.00
.22
LYNN — LINCOLN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 325 Union Street, Lynn)
Incorporated April
Jesse
M.
7,
1909.
Began business April
26,
1909
Edward M. Barney,
Holder, President
Treasurer
of Directors: E. H. Ballard, E. M. Barney*, L. L. Barney, James Bennett, W. A. Bishop, E. E. Boyer,
E. P. Butterfield*, T. J. Dumas, George Grant, J. M. Holder*, E. J. KenneaUy, W. M. Nye, A. E. Quick,
H. R. Stanbon, G. T. TiU*, Harry Turner*, C. G. Woodbridge.
Board
Regular meetings for receipt of moneys the last
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Temporary expense account
Cash
....
1925
Liabilities
$761,000 00
236 73
23,842 90
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Guaranty fund
6,277
9,611
3,617
Surplus
Interest
Fines
Bills
49
62
.
Withdrawal
profits
payable for money borrowed
Due on uncompleted
Security committee
$775,079 63
* Security Committee.
$322,532
51,697
265,000
71,400
loans
26,000
19,827
4
00
41
00
00
68
22
23
92
35
00
82
00
$775,079 63
P.D.
8,
Part
101
III.
Membership
Shares
....
....
....
.....
....
Issued during year
3,289
Withdrawn during year
1,530
Matured during year
528
Shares in force
9,108
Shares now pledged
3,808
Matured shares represented by certificates
1,325
Paid-up shares represented by certificates
357
New series issued in January, April, July, October.
Members
Members who
Holders of
:
792
209
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
623
189
72
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
1H%;
1M%;
second term, 1H%', third term,
fourth term,
1H%-
Proportion of profits retained on voluntary withdrawals, January and July dividends if shares are withdrawn
after these dividends are declared and before the April and October bank days; otherwise, none.
Rates and Averages on Loans
209
real estate loans (.aYeiage, $3,593 each;
average rate, 5.99%): 5}/^%, $31,300; 6%, $710,150;
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
7%,
$9,550.
P.D.
102
Total Expenses for Year
Amount
paid for
Cost per 81,000 of assets
.
Salaries
Rent
$9,067.69
3.13
$1,351.35
.47
Advertising
8,
Part
III.
•
P.D.
8,
Part III.
103
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
Loans on real estate
Loans on shares
Loans on matm-ed share certificates
Insurance and taxes paid
Cash
.
1925
.
.
.
.
Dues
$3,304,215 00
63,865 00
1,925 00
265 76
145,194 51
capital
Profits capital
$2,096,856
477,667
714,200
101,400
1,029
44,701
34,378
34,145
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
.
Guaranty fund
Surplus
Due on uncompleted
loans
Dividends on matured share certif-
.....
.....
icates
Dividends on paid-up share
icates
00
23
00
00
45
58
26
00
9,820 25
certif-
1.267 50
$3,515,465 27
$3,515,465 27
Shares
Membership
....
....
....
....
.....
....
Issued during year
12,263
Withdrawn during year
5,473
Forfeited during year
32
Matured during year
2,345
Shares in force
42,974
Shares now pledged
20,304
Matured shares represented by certificates
3,571
Paid-up shares represented by certificates
507
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
4,592
1,230
— are borrowers
Unmatured shares
Matured share certificates
4,002
571
S8
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
15^%; second term, 1H%; third term,
1?^%; fourth term, 1?^%.
First term,
Paid-up Share Certificates
1H%; second term, 1M%; third term,
fourth term,
First term,
IW"
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20%
on
than 6 years old; after 6 years,
series less
Rates and Averages on Loans
1,189 real estate loans (average, $2,778 each; average rate, 6.24%): 5%, $106,340; 5M%, $378,125;
$82,050; 5M%, $5,300; 6%, $303,900; 6 4%, $2,403,900; 7%, $24,600.
348 share loans (average, $183 each; average rate, 6.48%): 5H%, $300; 5M%, $70; 6%, $2,145;
$61,350.
3 loans on matured share certificates: 6J^%, $1,925.
5J^%,
6U%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
MANSFIELD
Incorporated
Salaries
Rent
$8,806.20
2.50
$1,599.68
10, 1883.
.
.46
— MANSFIELD
March
Advertising
$641 15
Other
Expenses
$2,761.44
.18
Total
$13,808.47
3.93
.79
CO-OPERATIVE BANK
Began business March
21, 1883
Daniel C. Richardson, President
Herbert E. King, Treasurer
Board of Directors: H. W. Butterworth, O. P. Cook*, C. N. Crane*, T. J. Fox*, J. R. Hodges, H. E. King,
Austin Mason, William OUiff, J. W. Rathburn, D. C. Richardson, K. C. Sherman, A. E. Shields, H. W.
Snyder, John Somers, R. W. Wheeler.
Regiilar meetings for receipt of
moneys the
third
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Unpaid premiums
Unpaid fines
Cash
.
certificates
1925
Liabilities
00
00
00
80
83 37
238 31
44,368 54
$1,192,100
40,270
1,500
4,136
Dues capital
Profits capital
00
50
00
00
64
24
5,779 21
4,750 00
314 94
$778,688
183,624
186,600
96,000
302
19,620
Matured share
Paid-up
certificates
share certificates
Forfeited share accounts
....
....
Guaranty fund
Surplus
Due on uncompleted
Personal accounts
loans
.
Dividends on matured share
icates
Dividends on paid-up share
icates
$1,282,697 02
* Security Committee;
.
.
.
certif-
4,617 49
certif-
.
.
2,400 00
$1,282,697 02
P.D.
104
Issued during year
3,365
2,142
Withdrawn during year
34
408
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New
series issued in
8,
Part
III.
Membership
Shares
14,904
7,138
Members
Members who
Holders
of:
1,559
— are borrowers
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
933
480
certificates
1,302
161
108
Profits Distributed
Unmatured Shares
term, 3%.
May, November.
First term,
622
....
.
.
3%; second
Matured and Paid-up Share Certificates
2}4%; second term, 2 3^%.
First term,
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old;
from 4 to 7 years old; after 7 years, none.
10% on
series
Rates and Averages on Loans
526 real estate loans (average, $2,266 each; average rate, 6.12%): 612/100%, $1,192,100.
96 share loans (average, $419 each; average rate, 6.48%): 6*'/ioo%, $40,270.
S loans on matured share certificates: 6%, $1,500.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
Advertising
$4,131.34
3.22
$229.50
$30.00
Other
Expenses
$835 17
.
.02
Total
$5,226.01
4.07
.65
MARBLEHEAD — MARBLEHEAD CO-OPERATIVE BANK
Incorporated
May
5,
1886.
May
Began business
6,
1886
Henry C. MiUett, Treasurer
John Lancy, President
Board of Directors: E. D. Chapman, H. A. Coffin, G. N. Dennis, R. B. Hamson, W. T. Harris, John Lancy,
J. L. Litchman, J. A. Martin*, W. G. Martin, Frank MiUett*, H. C. MiUett, J. D. Paine, E. W. Stone*,
A. L. Swasey, Richard Tutt.
Regular meetings
for receipt of
moneys the
first
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Insurance and taxes paid
.
....
Personal accounts
Cash
.
1925
Liabilities
$13,003 36
489,050 00
13,820 00
1,082 55
154 68
328 69
353 68
12,150 21
Dues
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
BiUs payable for
money borrowed
Dividends on matured share certificates
.....
.....
Dividends on paid-up share
icates
$529,943 17
$379,733 00
capital
Profits capital
.
certif-
P.D.
8,
105
Part III.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
106
P.D.
8,
Part
III.
Board of Directors: W. F. Abell*, J. L. Atherton, A. L. Clark, L. K. Conant, E. C. Crocker, H. N. Cushman,
F. E. Day, J. A. Fitts*, S. C. French, M. E. Griffin, G. P. Holbrook, A. A. Kingsbury, M. B. Labroix,
L. E. Mayo, J. W. Payson, E. F. Richardson, H. H. Thorne*, L. W. Wheeler.
Regular meetings for receipt
of
moneys the second Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Temporary expense account
Cash
.
.
.
.
.
......
.
.
.
.
.
$799,425 00
24,410 00
4,120 00
1,200 00
5,000 00
1,064 27
20,592 85
$855,812 12
Sha
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in January, July.
2,285
1,410
240
9,339
4,886
1,196
303
Dues
capital
1925
P.D.
8,
Part
107
III.
Membership
Shares
2,915
1,761
Issued during year
Withdrawn dunng year
Matured during year
423
9,337
Shares in force
4,227
Shares now pledged
1,140
Matured shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
817
244
— are borrowers
Unmatured shares
Matured share certificates
718
208
Profits Distributed
Unmatured Shares and Matured Share Certificates
IH%; second term, 1%%; third term,
1^%; fourth term, 13^%.
First term,
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
from 5 to 8 years old; after 8 years, none.
iS5 rmZ
series
Rates and Averag^es on Loans
5%, $2,000; 5}^%, $26,150; 6%, $319,000;
$3,545 each; average rate, 6.23%)
estate Zoaras (average,
15% on
:
6J^%, $354,774.
47 share loans (average, $273 each; average rate, 6.28%): 6%, $5,455;
4 loans on matured share certificates: 6%, $800; 6H%. $700.
6]/^%, $7,408.
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
Advertising
$3,291.00
4.51
$600.00
$121.25
.82
.17
Other
Expenses
$406.02
.55
Total
$4,418.27
6.05
MEDFORD — MEDFORD CO-OPERATIVE BANK
(Other authorized locations for receipts of moneys: 161 Devonshire Street, Boston; Chamber of
Commerce, Boston; 501 High Street, West Medford; 79 Milk Street, Boston; 468 Main Street,
Medford)
Incorporated June 21, 1886.
Began business July
7,
1886
Elisha G. Pierce, Treasurer
Lewis H. Lovering, President
of Directors: G. H. Archibald, H. L. Buss*, W. F. Gushing*, F. G. Grady, W. P. Hart*, C. H. Loomis,
F. W. Lovering, L. H. Lovering*, D. G. Melville, J. J. Mulkerin, E. G. Pierce, A. E. Ritchie, L. H. Robbins*, J. W. Rockwell, E. H. Savage, 0. S. Taylor, A. W. Teel, H. P. Van De Bogert.
Board
Regiilar meetings for receipt of
moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans
Loans
Loans
Loans
....
....
on real estate
on shares
on matured share
certificates
share certificates
on paid-up
Insurance and taxes paid
R.evenue stamps
,998,950 00
95,100
19,910
700
1,004
27
20,000
73,299
.
......
Certificates of deposit
Cash
00
00
00
Dues capital
Profits capital
.
.
.
.
.
.
.
.
Matured share
Paid-up
certificates
share certificates
15
Forfeited share account
.
86
00
34
Guaranty fund
.
.
.
.
.
.
.
.
Surplus
Bills payable for
.
money borrowed
loans
Dividends on matured share certificates
icates
Fire loss
.
.
.
.
.
.
.
Shares
....
....
.....
....
Issued during year
9,679
Withdrawn during year
5,520
Matured during year
1,706
Shares in force
43,448
Shares now pledged
23,180
Matured shares represented by certificates
6,393
Paid-up shares represented by certificates
963
New series issued in February, May, August, No.
.
$2,034,946
418,745
1,278,600
192,600
10
00
21
00
00
00
66,.582 96
73,571 73
50,000 00
73,482 95
16,615 14
certif-
.....
.
.
.
2,370 84
1,496 52
$4,209,021 35
$4,209,021 35
.
.
Due on uncompleted
Dividends on paid up-share
vember.
1925
Liabilities
Membership
108
P.D.
8,
Part III.
Rates and Averages on Loans
1,S57 real estate loans (average $3,181 each; average rate, 6.32%): 5%, $7,850;
5^%. $4,200; 5J^%,
$399,600; 5?^%, $4,100; 6%, $575,350; 6>^%, $3,007,850.
S65 share loans (average, $260 each; average rate, 6.46%); 5}^%, $750; 6%, $5,850; 6J^%, $88,500.
37 loans on matured share certificates: 6%, $900; 6^%, $19,040.
1 loan on paid-up share certificates: 6}^%, $700.
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
P.D.
8,
109
Part III.
Board of Directors: J. A. Cole*, J. F. Collins, P. B. Hart*, G. P. Holbrook, W. H. Holbrook, R. "W. Hunter*,
D. M. Malloy, T. F. MaUoy*, F. J. O'Donnell, R. M. O'Donnell, T. E. O'Donnell, W. W. Ollendorff*,
J. H. Reardon, E. F. Richardson, A. L. Saunders.
Regular meetings for receipt of moneys the
first
Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
$339,520 00
8,745 00
114 72
5,986 40
$354,366 12
Shares
Issued during year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
Paid-up shares represented by certificates
New series issued in April, October.
.
1,337
709
10
6,380
2,048
101
Dues
capital
1925
—
no
P.D.
Issued during year
Members
Members who
6,506
3,317
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
22,458
9,188
1,450
770
series issued in January, April, July, October.
2,365
591
Unmatured shares
Matured share certificates
2,146
of:
Paid-up share
258
137
certificates
Profits Distributed
Unmatured Shares
First term, 11^6% second term, l'/i6%
1146%; fourth term, 1'^%.
;
Matured Share
1%%;
fourth term,
First term,
I
1M%;
;
third term,
Certificates
First term, l^{i%; second term,
1%%.
1%%;
third term,
Paid-up Share Certificates
second term, 1H%', third term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old;
from 2 to 5 years old; after 5 years, none.
10% on
Rates and Averages on Loans
476 real estate loans (average, $3,160 each; average rate, 5.96%); 5}^%, $115,800; 6%, $1,388,155.
106 share loans (average, $296 each; average rate, 6%): 6%, $31,346.
6 loans on matured share certificates: 6%, $4,900.
6 loans on paid-up share certificates: 6%, $2,980.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
III.
are borrowers
Holders
8
631
Matured shares represented by certificates
Paid-up .shares represented by certificates
New
Part
8,
Membership
Shares
series
P.D.
8,
Part
Ill
III.
METHUEN — METHUEN CO-OPERATIVE BANK
Incorporated April
4,
1923.
Began business April
13,
1923
Raymond
James H. Lyons, President
B. Kinney, Treasurer
Board of Directors : H. E. Brown, H. A. Cregg, Thomas Dow*, .T. D. Emerson, A. H. Gammons, A. C. Gaunt,
B. B. Gordon, F. A. Gordon, B. E. Hill*, R. B. Kinney, J. H. Lord, J. H. Lyons, A. J. Ricliardson, E. E.
Richardson*, C. A. Stevens.
Regular meeting for receipt of moneys the last Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
Loans on real estate
Loans on shares
Unpaid interest
'Permanent expense account
Temporary expense account
Cash
Dues
$77,850 00
1,420 00
301 39
135 00
37 37
1,455 79
....
$71,458 00
5,188 65
356 31
535 99
360 32
2 82
12 90
3,281 56
3 00
capital
Profits capital
Guaranty fund
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
$81,199 55
$81,199 55
Membership
Shares
....
....
....
.
.
.
....
—
Members
Members who
371
Issued during year
622
Withdrawn during year
2,876
Shares in force
471
Shares now pledged
New series issued in January, April, July, October.
.
Holders
of:
are borrowers
Unmatured
269
39
.
269
shares
Profits Distributed
Unmatured Shares
First term, 1%%; second term, 1%%; third term,
1^%; fourth term, 1^%.
Proportion of profits retained on voliintary withdrawals, 25%.
Rates and Averages on Loans
SI real estate loans (average, $2,511 each; average rate, 6.50%): 6J^%, $77,850.
8 share loans (average, $177 each; average rate, 6.50%): 6K%, $1,420.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of asests
.
MIDDLEBOROUGH
Salaries
Rent
$128.50
1.59
$48.36
Advertising
.60
— MIDDLEBOROUGH
Other
Expenses
$198.82
2.45
Total
$375.68
CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: C. N. Atwood, Atwood's Mills, Rock; office
and residence of Edwin L. Ballard, Hyannis; W. I. Fuller, Main Street, Osterville; residence
of G. W. Jones, Falmouth; National Rockland Bank, Boston)
Incorporated
May
1,
1889.
Began business
May
21,
1889
Walter L. Beals, Treasurer
Alvin C. Howes, President
Irene B.
Dunham, Assistant Treasurer
Atwood, W. L. Beals, S. L. Brett, W. H.
Cronin, G. N. Dupont,
Board of Directors: C. N. Atwood*, L. 0.
A. C. Howes*, J. H. Kennedy, George Knox, A. F. Mitchell, H. W. Sears*, D. D. SuUivan*. J. V. Sullivan, A. A. Thomas, Lorenzo Wood*.
Regiilar meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Dues
Loans on real estate
Loans on shares
Loans on matured share
.
Insxu-ance
Cash
.
.
.
.
.
.
certificates
and taxes paid
1925
Liabilities
Assets
.
.
$1,574,100 00
9,690 00
1,580 00
368 77
93,847 37
$766,157
140,752
638,800
86,400
18
81,111
22,619
capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
73
10,144 71
24,612 67
111 00
Surplus
Due on uncompleted
loans
Security committee
Dividends on matured share
certif-
7,769 24
icates
Dividends on paid-up share
icates
$1,679,576 14
* Security Committee.
00
33
00
00
00
46
certif-
1,080 00
$1,679,576 14
.
P.D.
112
Issued during year
Part III.
8,
Membership
Shares
....
....
....
.....
....
4,041
2,361
1,205
17,145
8,341
2,694
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
432
Paid-up shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who
1,926
— are borrowers
748
Unmatured shares
Matured share certificates
1,588
Holders
of:
Paid-up share
452
58
certificates
Profits Distributed
Unmatured Shares
second term, 1%%; third term,
1?^%; fourth term, 1J^%.
1%%;
First term,
Matured Share
Certificates
First term, l^/f6%; second term, V>/\i%\ third term,
l*/f6%
fourth term,
;
1
J^%.
Paid-up Share
Certificates
First term, \]4,%\ second term,
1M%;
1M%.
fourth term,
1M%!
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
711 real estate loans (average, $2,213 each; average rate, 5.98%): 5%, $3,700; 5M%.
6%, $1,524,500.
share loans (average, $236 each; average rate, 5.96%): 5}^%. $770; 6%, $8,920.
8 loans on matured share certificates: 6%, $1,580.
!
5J^%, $36,950;
i,950;
U
Total Expenses for Year
Amoimt paid
for
.
Cost per $1,000 of assets
MILFORD
Salaries
Rent
$5,412.90
3.22
$509.22
$289.31
.30
.17
— MILFORD
Incorporated
March
31, 1887.
Other
Expenses
Advertising
Total
9,599.98
5.71
$3,388.55
2.02
CO-OPERATIVE BANK
Began business April
1,
1887
Walter F. Mann, Treasurer
Lucius E. Heath, President
Minnie
Board of Directors: C. F. Austin, H.
W.
P. J. Lawless, R. Mainini,
S.
F.
S.
Walker, Assistant Treasurer
Chadbourne*. C. L. Clark*, C. E. Cooney, G. C. Eastman, L. E. Heath*,
Mann, W. S. Marden, J. A. Wallace, Arthur Webb, T. J. Welch*, F. A
Whipple.
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
Liabilities
....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
......
.
.
$1,470,975 00
33,365 00
1,460 00
1,550 00
70 68
Dues
capital
Profits capital
$922,009
180,199
219,600
152,800
34,555
17,806
5,315
48
5,100
Matured share
certificates
share certificates
Paid-up
Guaranty fund
2,655 77
Surplus
469 92
26,888 44
Interest
Withdrawal profits
Due on imcompleted loans
$1,537,434 81
00
32
00
00
39
40
90
80
00
$1,537,434 81
Membership
Shares
Issued during year
4,298
Withdrawn during year
2,097
Matured during year
1,063
Shares in force
18,810
Shares now pledged
8,574
Matiired shares represented by certificates
1,098
Paid-up shares represented by certificates
764
New series issued in January, April, July, October.
......
—
Members
Members who
Holders
of:
are borrowers
....
.
.
.
2,175
766
Unmatured shares
Matured share certificates
.
.
.
2,145
196
Paid-up share
.
.
.
136
certificates
Profits Distributed
Unmatured Shares
First term, 1%%; second term, 1%%; third term,
iy8%; fourth term, iys%.
Matured and Paid-up Share
First term, l}i%'< second term,
1M%;
fourth term,
Proportion of profits retained on voluntary withdrawals,
*tSecurity Committee.
50%
1M%.
Certificates
1M%;
third term,
of the last dividend.
P.D.
679
8,
Part III.
real estate loans (average,
113
Rates and Averages on Loans
$2,166 each; average rate, 5.82%): 5Ji%. $328,875; 5>^%, $40,150; 6%,
$1,101,950.
128 share loans (average, $261 each; average rate, 6%);
5 loans on matured share certificates: 6%, $1,460.
3 loans on paid-up share certificates: 6%, $1,550.
5M%,
$135;
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
6%,
$33,230.
114
P.D.
Part
8,
III.
NATICK — HENRY WILSON CO-OPERATIVE BANK
Incorporated October 231 1886.
Began busmess November
Judson E. Sweetland, President
12,
1886
Harvey H. Whitney, Treasurer
Board of Directors: A. P. Balcom, Peter Cashion, Richard Foley, J. S. M. Glidden*, W. A. Laughton, M. E.
McGrath, L. E. Pulsifer, D. W. Richardson, E. W. Rogers, J. E. Sweetland, G. F. Whitney*, H. H. Whitney*, N. P. Young.
Regular meetings for receipt of moneys the second Friday of each month,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Cash
.
.
.
.
......
,696,900
17,700
1,100
1,850
27,751
....
....
....
.....
00
00
00
00
Dues
41
Matured share account
Guaranty fund
capital
Profits capital
Matured share
Paid-up
Surplus
certificates
share certificates
.
payable for money borrowed
Due on uncompleted loans
Dividends on matured share certifBills
icates
.
.
.
.
Dividends on paid-up share
icates
$1,745,301 41
Shares
....
....
....
.....
....
Issued during year
9,369
Withdrawn during year
1,483
Matured during year
2,810
Shares in force
17,448
Shares now pledged
9,045
Matured shares represented by certificates
3,924
Paid-up shares represented by certificates
32
New series issued in February, May, August, No-
vember.
1925
Liabilities
.
.
.
.
.
certif.
.
$672,531 00
P.D.
8,
Part III.
115
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Banking house
Permanent expense account
Personal accounts
Transfer stamp account
.....
.
Cash
1925
Liabilities
00
00
00
00
00
00
90
1 37
64,365 24
S3,872,375
78,924
3,770
4,300
27,000
1,250
192
Dues capital
Profits capital
Paid-up
03
00
00
433 36
63,241 90
50,055 90
42,269 32
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted
00
$2,424,004
567,574
793,200
111,400
Matured share
loans
$4,052,178 51
$4,052,178 51
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured diiring year
Shares in force
Shares now pledged
Matured shares representedby certificates
Paid-up shares represented by certificates
New series issued in May, November.
16,471
7,134
22
2,686
51,621
22,947
3,966
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
557
First term,
3,946
1,102
....
.
.
.
3,610
...
627
SO
.
.
.
certificates
Profits Distributed
Unmatured Shares
3%; second term, 3%.
Matured Shared
Certificates
First term, 2^/4%; second term,
2M%-
Paid-up Share Certificates
First term, 214%; second term, 2}^%.
Proportion of profits retained on voluntary withdrawals, on series
after 7 years, none.
less
than 7
j'ears old the last dividend;
Rates and Averages on Loans
1,172 real estate loans (average, $3,304 each; average rate, 6.3%): &^ho%. $3,872,375.
351 share loans (average, $224 each; average rate, 6.3%): 6Vio%, $78,924.
9 loans on matured share certificates: 6'/io%, $3,770.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$8,274.00
2.04
$1,185.51
$770.15
$2,410.91
.29
.19
.60
Advertising
Total
$12,640.57
3.12
NEW BEDFORD — ACUSHNET CO-OPERATIVE BANK
Incorporated November 15, 1889.
Began business November
Board of Directors: L. B. Bates*,
16,
1889
William F. Desmond, Treasurer
Frederic Taber, President
S. J. Besse,
W.
F.
Desmond, W. B. Gardner, John Gibson*, E. F. Nicholson,
J. O. Thompson, Jr., B. A. Tripp, H. W. Tripp*,
E. E. F. Potter, C. R. Price*, Frederic Taber, F. H. Taber,
E. H. Wefer*, S. F. Winsper.
Regular meetings for receipt of moneys the fourth Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Cash
1925
Liabilities
,928,550 00
58,550 00
2,536 91
247 78
46,731 93
Dues
$1,258,549
238,861
305,000
122,000
62
32,337
32,233
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
....
.
Guaranty fund
Surplus
Interest
payable for money borrowed
Due on uncompleted loans
Dividends on matured share certifBills
icates
.
.
.
.
Dividends on paid-up share
icates
$2,036,616 62
* Security Committee.
.
.
.
.
00
89
00
00
22
67
03
223 50
40,000 00
2,000 00
3,824 31
certif.
.
1,525 00
$2,036,616 62
P.D.
116
Issued during year
.....
....
Withdrawn during year
Forfeited during year
Matured during year
....
....
....
8,
Part III.
Membership
Shares
7,936
5,222
35
1,027
29,002
Shares in force
12,162
Shares now pledged
1,525
Matured shares represented by certificates
610
Paid-up shares represented by certificates
New series issued in February, May, August, No-
Members
Members who
766
Unmatured shares
Matm-ed share certificates
2,292
of:
244
97
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
vember.
2,517
— are borrowers
Holders
1%%;
Certificates
second term, \y%%; third term,
13^%; fourth term, 15^%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
50%
Rates and Averages on Loans
606 real estate loans (average, $3,182 each; average rate, 6%): 6%, $1,928,550.
160 share loans (average, $365 each; average rate, 6%): 6%, $58,550.
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
1M%.
of last six months' dividend.
P.D.
8,
117
Part III.
Rates and Averages on Loans
real estate loans (average, $3,320 each; average rate, 6%): 6%, $2,556,600.
161 share loans (average, $427 each; average rate, 6%): 6%, $68,825.
770
Total Expenses for Year
Salaries
Amount paid
for
Cost per $1,000 of assets
.
118
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
Cash
.
.
.
.
......
,026,979 00
13,520 00
360 00
394 43
30,601 28
$1,071,754 71
Dues
capital
Part III.
1925
P.D.
8,
Part
119
III.
Membership
Shares
Issued during year
....
....
....
....
.....
....
Withdrawn during year
Forfeited during year
7,089
4,656
4
236
Retired during year
321
Matured during year
28,536
Shares in force
9,511
Shares now pledged
857
Matured shares represented by eertificates
922
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
.
.
.
Members
Members who
2,190
— are borrowers
684
Unmatured shares
Matured share certificates
2,190
185
Holders
of:
Paid up share
202
certificates
Profits Distributed
Utimatured Shares
First term, V/\i%\ second term, V/affo; third term,
l'/f6%; fourth term, \Vm%-
Matured and Paid-up Share
Certificates
1M%; second term, 1M%; third term,
fourth term, l}i7oProportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10%, 5 to 8 years;
after 8 years, none.
First term,
1M%;
Rates and Averages on Loans
ess r-eaZestoteZoans (average, $2,806 each; average rate, 6.29%): 5%, $8,300; 5}^%, $192,725; 6%, $890,300;
6Vio%, $106,600; 7%, $592,550.
44 share loans (average, $400 each; average rate, 6.11%): 6%, $15,625; 7%, $2,000.
i loan on matured share certificates : 6'/io%, $75.
1 loan on paid-up share certificates: 6^/io%, $400.
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
P.D.
120
Part III.
8,
Rates and Averages on Loans
137 real estate loans ($4,472 eacli; average rate, 6%) 6%, $612,650.
39 share loans (average, $405 each; average rate, 6%): 6%, $15,780.
:
Total Expenses for Year
Rent
Salaries
Amount paid
$875.00
1.30
for
of assets
.
Cost per $1,000
Other
Expenses
$484.04
Advertising
$288.29
$25.00
.43
.04
Total
$1,672.33
2.49
.72
NEWTON — NONANTUM CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 32S Watertown Street, Newton, Mass.)
Incorporated February
Edwin O.
13, 1917.
May
Began business
8,
1917
Warren W.
Childs, President
Oliver, Treasurer
Board of Directors: T. H. Burns, E. O. Childs, J. J. Doherty*, J. E. Downey, R. H. Evans*, W. U. Fogwill,
J. E. Gibson, T. L. Goodwin*, T. D. GotshaU, W. T. Hannigan, H. H. Hawkins*, J. W. House, A. D.
Hewlett, M. P. McKinnon, L. P. Mott, Leland Powers, G. E. Stuart*, R. C. Thompson, G. F. Tracy,
D. A. White, T. W. White.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on paid-up share
Cash
.....
certificates
$233,100 00
4,930 00
1,340 00
5,290 71
Dues
$188,713 00
29,187 96
22,000 00
848 25
capital
Profits capital
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surpliis
.....
Dividends on paid-up share
icates
Membership
1,140
907
Forfeited during year
6
Shares in force
4,912
Shares now pledged
1,625
Paid-up shares represented by certificates
110
New series issued in February, May, August, No-
vember.
275 GO
$244,660 71
Shares
Issued during year
1,725 96
1,910 54
certif-
$244,660 71
Withdrawn during year
1925
Liabilities
....
Members
Members who
Holders
of:
— are borrowers
.
Unmatured shares
Paid-up share
certificates
429
73
429
28
Profits Distributed
Unmatured Shares
First term, 1%%; second term, 1^%; third term,
1J^%; fourth term, 1^%.
Paid-up Share Certificates
1M%; second term, 1M%; third term,
fourth term, 1M%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20%
on
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
57 real estate loans (average, $4,089 each; average rate, 6.74%): 6%, $60,500; 7%, $172,600.
12 share loans (average, $410 each; average rate, 6%): 6%, $4,930.
4 loans on paid-up share certificates: 6%, $1,340.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
P.D.
8,
Part III.
Board of Directors: F.
Francis NewhaU,
Whittlesey.
121
J. Burrage, Alice L. Frost, R. S. Harrison, C. E. Hatfield*, F.
Ellery Peabody, J. A. Reed, A. E. Thayer, S. B. Thomas,
Regular meetings for receipt of moneys the
fovirth
Wednesday
M. Lowe*, M.
of each
.
,019,900 00
23,100 00
.
700
704
87
49,841
......
.
Insurance and taxes paid
Cash
00
31
44
47
Dues
1925
00
98
00
00
25 00
capital
Profits capital
$673,915
129,724
140,400
91,200
.
Matured share
Paid-up
certificates
share certificates
Forfeited share accoimt
Matured share accoimt
9,212
14,727
11,855
7,493
Guaranty fund
Surplus
Interest
Fines
247
.
Withdrawal profits
Due on uncompleted loans
Security committee
143
15,371
16
$1,094,333 22
.
.
18
90
62
97
93
64
00
00
$1,094,333 22
Membership
Shares
.....
....
....
.....
....
Issued during year
3,881
Withdrawn during year
3,175
Forfeited during year
15
401
Matured during year
Shares in force
14,729
Shares now pledged
5,877
Matured shares represented by certificates
702
456
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
E.
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
.
J.
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
F. Lucas*,
H. L. Whittlesey*,
Members
Members who
.
1,247
— are borrowers
350
Unmatured shares
Matured share certificates
1,139
Holders
of:
Paid-up share
certificates
120
86
Profits Distributed
Unmatured Shares
First term, VAi%\ second term, V4i%; third term,
fourth
term,
17^6%.
V4i7o;
Matured and Paid-up Share Cerfdficates
1M%; second term, 1}4%', third term,
1M%; fourth term, 1}4%-
First term,
Proportion of profits retained on voluntary withdrawals,
none.
10% on
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
S9S real
estate loans
(average, $3,457 each;
average rate, 5.91%): 5Vio%, $111,000;
$878,000.
86 share loans (average, $271 each; average rate, 6%): 6%, $23,100.
2 loans on matured share certificates: 6%, $700.
Total Expenses for Year
alaries
Amount
paid for
.
Cost per $1,000 of assets
514%, $30,900; 6%,
122
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans
Loans
Loans
Loans
on
on
on
on
real estate
shares
matured share
certificates
share certificates
paid-up
Common
form mortgages
Banking house
Temporary expense account
Personal accounts
Cash
.
.
capital
Profits capital
00
00
00
00
Matured share
10
27 00
69,271 18
.
Dues
00
00
Paid-up
00
74
00
00
391 64
69,197 29
$2,302,091
377,139
1,001,800
411,400
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
52,985
113,370
2,331
8
Interest
Fines
Transfer fees
.
Withdrawal
Security committee
Building account expense
577 38
$4,386,658 28
$4,386,658 28
Membership
Sha
Issued during year
15,141
7,545
diu'ing year
Forfeited during year
68
Matiired during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series
issued in
.....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
1,455
53,697
24,971
5,009
2,057
:
Paid-up share
First term,
27?%; second term, 2V8%;
First term,
2%%;
Proportion of profits retained on voluntary withdrawals,
none.
25% on
series less
Total Expenses for Year
Certificates
J^%; second term, 2}^%.
than 4 years old; after 4 years,
Rates and Averages on Loans
Salaries
781
335
Matured Share Certificates
second term, 2%%.
1,235 real estate loans (average, $3,367 each; average rate, 6%): 6%, $4,158,500.
297 share loans (average, $341 each; average rate, 6%): 6%, $101,165.
15 loans on matured share certificates: 6%, $6,150.
S loans on paid-up share certificates: 6%, $3,500.
.
4,297
certificates
Paid-up Share
paid for
Cost per $1,000 of assets
5,273
1,550
Profits Distributed
Unmatured Shares
May, November.
First term, 2
Amount
11
87
09
75
999 41
30,000 00
24,300 00
66 00
profits
payable for money borrowed
Due on uncompleted loans
Bills
Withdrawn
III.
1925
Liabilities
$4,158,500
101,165
6,150
3,500
2,200
40,000
5,845
.
.
Part
P.D.
8,
123
Part III.
Shares
P.D.
124
PEABOD Y — PEABOD Y
8,
Part III.
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 289 Lincoln Ave., Cliftondale)
Incorporated
May
28, 1888.
Began business June
16,
1888
Roy N. Howe,
Patrick H. O'Conor, President
Treasurer
Hayes, R. N. Howe, H. V. Hunt, Justus Jones*, M. E.
Board of Directors: C. S. Batchelder, T. F.
D. C. Manning, P. H. O'Conor, L. P. Osborn, L. P. P. Osborne, Alonzo Raddin*,
Sloan*, H. F. Whidden, P. J. Woods.
Regular meetings for receipt of moneys the third Saturday
of
W.
Kelley,
F. Sawyer, F. B.
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
.
.
.
,329,550 00
49,150
1,600
1,450
1,645
21
137
28,415
.
.
.
Personal accounts
Mortgage balance
Cash
......
.
.
.
.
.
.
.
.
00
00
00
Dues
capital
Profits capital
S2,001,836
387,432
495,600
334,800
3,557
64,585
34,034
34,110
Matured share
certificates
share certificates
Paid-up
61
Forfeited share account
90
Guaranty fund
17
05
Surplus
Interest
Overs and shorts
.
Membership
Shares
Forfeited during year
Matured
39
00
$3,411,969 73
$3,411,969 73
....
....
....
....
.....
....
90
00
75
34,561 67
21 42
profits
payable for money borrowed
Due on uncompleted loans
diiring year
32
00
00
10
64
54
Bills
Withdrawal
Issued during year
00
672
4
753
30,000
Fines
Transfer fees
.
Withdrawn
1925
Liabilities
Assets
9,060
6,729
42
1,295
dirring year
42,456
Shares in force
18,654
Shares now pledged
2,478
Matured shares represented by certificates
1,674
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.....
Members
Members who
Holders
of:
4,066
1,287
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
3,758
432
283
.
certificates
Profits Distributed
Unmatured Shares
1?^%; second term,
fourth term, 1J^%.
First term,
1M%;
1%%;
Matured and Paid-up Share
1J^%; second term,
fourth term, lH7o-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
10%
third term,
Certificates
1M%;
third term,
for 54 months.
Rates and Averages on Loans
1,203 real estate loans (average, S2,770 each; average rate, 5.91%): 51/2%, $588,400; 6%, $2,741,150.
ISS share loans (average, $370 each; average rate, 5.99%): 5}^%, $450; 6%, $48,700.
4 loans on matured share certificates: 6%, $1,700.
8 loans on paid-up share certificates: 6%, $1,350.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
PITTSFIELD
$5,128.00
1.50
— PITTSFIELD
Incorporated February 15, 1889.
Arthur
W. Plumb,
Other
Expenses
$823.68
$416.50
$2,870.07
Total
9,238.25
.24
.12
.84
2.70
Rent
Advertising
CO-OPERATIVE BANK
Began business March
5,
1889
Lorenzo H. Gamwell, Treasurer
President
Board of Directors: G. S. Adams, J. L. Bacon, R. D. Bardwell, John Barker, L. H. Gamwell, R. H. Gamwell*,
A. M. Jones, Mathias McCormick, G. W. Pease*, R. C. Pierce, H. R. Peirson, A. W. Plumb*.
Regular meetings for receipt of moneys the second Tuesday of each month.
* Security Committee.
.
P.D.
8,
125
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
....
....
....
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Cash
.
.
.
.
$50,000
2,079,000
54,284
3,070
5,180
3,810
101,440
00
00
00
00
00
66
34
Dues
capital
Profits capital
....
....
'
.
.
Matiired share certificates
Paid-up share certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
loans
Dividends on matured share
icates
.
.
Dividends on paid-up share
icates
Suspense
.
.
.
.
.
.
.
.
.
.
series issued in
May, November.
754
29,729
12,802
1,874
761
8,720 19
certif-
.....
Membership
7,247
4,129
00
83
00
00
44
66
78
00
3,755 GO
7 00
$2,296,784 90
Shares
Issued during year
Withdrawn during year
Matured dijring year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
$1,392,374
262,232
374,800
150,200
148
66,766
46,380
13,400
certif-
...
$2,296,784 90
New
1925
Members
.....
P.D.
126
8,
Part
III.
Membership
Shares
Issued during year
....
Members
Members who
4,044
3,079
146
14,847
4,565
Withdrawn during year
Matured during year
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Shares in force
Shares now pledged
388
Matured shares represented by certificates
164
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Paid-up share
1,223
280
.
1,160
53
.
28
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
1}4%; second term,
fourth term, lii%-
First term,
1M%;
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
estate loans (average, $2,957 each; average rate, 5.86%): 5%, $84,450; 6%, $524,600.
74 share loans (average, $333 each; average rate, 5.97%): 5%, .$550; 6%, $24,112.
W6real
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,353.33
$900.00
1.40
$649.59
Other
Expenses
$811.02
1.26
1.01
Total
$3,713.94
5.77
PLYMOUTH — PLYMOUTH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Company, 50 State Street,
Boston)
Incorporated June
7,
1882.
Began business June
20, 1882
Elmer E. Avery, Treasurer
John B. Washburn, President
of Directors: A. L. Barnes, Joseph Barnes*, E. K. Bartlett, E. R. Beaman, E. L. Burgess*, H. M. Douglas, W. J. Engstrom, F. J. Heavens, M. S. O'Brien*, E. L. Sampson, F. R. Snow, H. R. Talbot, L. C.
Board
Tripp,
J.
B. Washburn*, H. O. Whiting*.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure,
1,214,250 00
etc
Temporary expense account
Personal accounts
Overs and shorts
Cash
....
.
107,890
2,694
11,471
3,790
4
35
64,714
00
00
43
99
95
80
69
$2,394,386 00
536,799 07
424 96
204,584 32
48,749 59
24,600 23
77,806 22
4,130 11
3,079 40
1,332 79
85,000 00
22,850 00
1,109 17
Dues capital
Profits capital
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Premiums
Fines
.
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Proceeds of foreclosure sale
Bills
$3,404,851 86
$3,404,851 86
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in June, December,
1925
Liabilities
Assets
.....
—
10,012
2,787
Members
Members who
66
2,659
43,556
18,361
Holders
Proportion of profits retained on voluntary withdrawals,
of:
Unmatured
are borrowers
3,858
1,511
.
3,868
shares
Profits Distributed
Unmatured Shares
First term, 3Vio%: second term, 3%.
25%
on
series less
than 5 years old;
10%
thereafter.
Rates and Averages on Loans
1,375 real estate loans (average, $2,338 each; average rate, 6.3%): 63/io%, $3,214,250.
S98 share loans (average, $271 each; average rate, 6.3%): 6Vio%, $107,890.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Other
Expenses
Salaries
Rent
5,852.14
1.72
$554.62
$311.08
$3,165.85
.16
.09
.93
* Security Committee.
Advertising
Total
$9,883.69
2.90
P.D.
8,
Part III.
127
QUINCY — QUINCY
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys; Quincy Trust Company, 27 Billings Road, Norfolk
Incorporated April
17, 1889.
Downs)
Began business
May
Frank W. Crane, President
7,
1889
Frank A. Reed, Treasurer
Lillian A.
Moodie, Assistant Treasurer
Board of Directors: G. W. Abele, L. S. Cleaves, F. W. Crane, R. E. Foy, J. P. Granahan, J. B. Grossman, J. F.
Hunt*, Perry I,awton, A. D. Martin, C. J. McGilvray, J. W. Nightingale, F. A. Reed, J. G. Roberts,
E. R. Stone, C. E. Tenney, F. E. Tupper*, C. H. Wilson, J. F. Young*.
Regular meetings for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
Loans on real estate
Loans on shares
Loans on matured share
.
.
.
certificates
Insurance and taxes paid
.
.
Certificate of deposit
.
.
Cash
.
$4,164,100 00
73,725 00
2,600 00
306 90
40,000 00
138,764 33
1925
P.D.
128
Part III.
8,
Board of Directors: J. F. Bruton*, J. Campagna, Olaf Carlburg, D. Crowley, E. B. Derr, T. J. Donlin, L. D.
Duncan, Jr.*, F. Foy*, L. D. Greene, R. M. Harmon, D. M. Holman, W. R. Hurley, G. J. Husband,
H. F. Lalley, W. T. McCormick, N. MiUar, W. H. Rideout*, C. E. Sullivan, W. J. Walsh, C. R. Young.
Regular meetings for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Cash
$218,050 00
10,886 00
9,131 59
.
1925
Liabilities
Assets
Due capital
Profits capital
$182,626 00
.
Paid-up share
19,421 90
19,800 00
148 53
certificates
Forfeited share account
.
Guaranty fund
935 06
918 60
Surplus
Due on uncompleted
loans
Dividends on paid-up share certif
13,900 00
247 50
70 00
icates
Reserve for advertising
.
$238,067 59
$238,067 59
Membership
Shares
....
....
....
.....
....
2,725
Issued during year
1,422
Withdrawn during year
84
Forfeited during year
7,092
Shares in force
1,673
Shares now pledged
99
Paid-up shares represented by certificates
New series issued in February, May, August, No-
Members
Members who
Holders
of:
708
— are borrowers
115
Unmatured shares
Paid-up
certificates
vember.
First term,
1H%;
Fir.st
Profits Distributed
Unmatured Shares
1}4%; second term, 1}4%', third term,
fourth term,
1^%.
Paid-up Certificates
term, 1H%', second term, 1M%; third term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
685
23
20% on
fourth term, l}i%.
series less
than 3 years old; after 3 years,
Rates and Averages on Loans
71 real estate loans (average, $3,071 each;
$31,100.
44 share loans (average, $247 each; average
average rate, 6.21%): 6%, $63,350;
rate,
6.23%): 6%, $1,025;
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
Rent
6M%.
6^%.
$9,861.
$123,600;
6H%,
P.D.
8,
Part
129
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
1925
130
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Cash
.
.
.
Part
III.
1925
Liabilities
.
......
.
$897,600
8,530
1,200
900
Dues
00
00
00
00
capital
1,040 61
18,669 95
.
$927,940 56
Shares
Issued during year
.Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in February, August.
3,268
1,206
824
9,388
4,892
1,826
275
Profits Distributed
Unmatured Shares
term, 2M%-
First term,
3%; second
First term,
2%%;
Matured Share Certificates
second term, 2M%.
Paid-up Share
First term, 2
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
yi% second
;
series less
Certificates
term, 2 }4%.
than 5 years old; after 5 years,
Rates and Averages on Loans
366 real estate loans (average, $2,452 each; average rate, 6%): 6%, $897,600.
49 share loans (average, $174 each; average rate, 6%): 6%, $8,530.
£ loans on matured share certificates: 6%, $1,200.
4 loans on paid-up share certificates: 6%, $900.
P.D.
8,
Part
131
III,
Membership
Shares
Issued during year
Forfeited diiring year
6,775
3,083
11
Matured during year
878
Withdrawn during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New
series issued in
.....
Members
Members who
Holders
— are borrowers
of:
Unmatured shares
Matured share certificates
26,882
11,950
Paid-up share
1,033
May, November.
Proportion of profits retained on voluntary withdrawals,
none.
157
206
Matured and Paid-up Share Certificates
2H%; second term, 2}^%.
on series less than 5 years old; after 5 years,
25%
Rates and Averages on Loans
Total Expenses for Year
Salaries
.
.
Profits Distributed
Unmatured Shares
2J^%; second term, 3%.
638 real estate loans (average, $3,084 each; average rate, 6%): 6%. $1,967,850.
153 share loans (average, $426 each; average rate, 6%): 6%, $65,250.
4 loans on matured share certificates: 6%, $2,160.
7 loans on paid-up share certificates: 6%, $4,090.
paid for
786
2,165
certificates
First term,
Cost per $1,000 of assets
2,346
829
First term,
Amount
.
132
P.D.
8,
Rates and Averages on Loans
204 real estate loans (average, $2,341 each; average rate, 6.42%): 6%, $75,575; &}4%, $402,015
82 share loans (average, $213 each; average rate, 6.49%): 6%, $50; 6J^%, $17,455.
3 loans on matured share certificates: 6}4%, $1,000.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Part III.
P.D.
8,
133
Part III.
Board of Directors: I. K. Annable, R. B. Buckham*, J. N. Clark, G. W. Creesy* G. B. Farrington, W. S.
Felton, J. H. Gifford, J. B. Merrill, C. F. A. Morse*, V. S. Peterson*, L. D. Pedrick, M. J. Reardon,
R. A. Stanley, G. A. Wilkins*, E. F. Woodman.
Regiilar meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
.
.
.
.
.
...
.
.
.
Dues capital
Profits capital
$1,795,435 00
39,319 00
2,730 00
Paid-up
certificates
share certificates
Forfeited share accoxmt
3,494 20
109 52
48,225 86
.
$1,051,345
208,988
331,200
181,400
Matured share
250 00
.
.
Insurance and taxes paid
Cash
1925
Liabilities
348
....
.
Guaranty fund
Surplus
29,277
33,578
30,000
17,018
payable for money borrowed
Due on uncompleted loans
Bills
Dividends on matured share
icates
.
.
.
certif-
.
.
.
4,140 00
.
.
Dividends on paid-up share
icates
00
47
00
00
38
00
44
00
79
certif.
2,267 50
.
$1,889,563 58
$1,889,563 58
Membership
Shares
Members
Members who
Issued diu-ing year
5,963
Withdrawn during year
2,659
52
Forfeited during year
947
Matured during year
23,189
Shares in force
Shares now pledged
10,539
Matured snares represented by certificates
1,656
Paid-up shares represented by certificates
907
New series issued in February, May, August, No-
Holders
of:
2,191
— are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share
certificates
.
.
.
651
.
.
.
1,905
.
.
.
.
.
.
282
158
Profits Distributed
Unmatured Shares
.
First term, V'/ii%\ second term, lVf6%; third term,
l'/f6%; fourth term, W^ffo.
vember.
Matured and Paid-up Share Certificates
1M%; second term, 1M%; third term,
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
25% on
series less
1M%-
than 4 years old; after 4 years,
Rates and Averages on Loans
637 real estate loans (average, $3,343 each; average rate, 6%): 6%, $1,795,435.
114 share loans (average, $345 each; average rate, 6%): 6%, $39,319.
9 loans on matured share certificates: 6%, $2,730.
1 loan on paid-up share certificates: 6%, $250.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
W.
Rent
$4,598.15
2.43
$1,592.76
$632.69
.84
.33
— SALEM
SALEM
Incorporated April
George
Salaries
7,
Advertising
Other
Expenses
Total
$3,328.88
1.76
$10,152.48
5.36
CO-OPERATIVE BANK
1888.
Began business April
13,
1888
Albert C. Mackintire, Treasurer
Pickering, President
Board of Directors: G. A. Bodwell, W. E. Curtis, E. P. Lane, A. C. Mackintire, G. W. Pickering*, G.
man*, H. E. Reynolds, C. C. Tuttle, S. H. Wilkins*. W. F. Williams.
Regular meetings for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
.
Cash
.
.
.
......
Insurance and taxes paid
Pit-
1925
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Temporary expense accovmt
.
W.
$3,588,805
99,446
4,220
3,430
3,989
1,515
291
17,355
00
00
00
00
63
68
26
76
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
$3,719,053 33
* Security Committee.
$2,274,613
476,313
457,400
371,200
67
56,314
47,246
18,534
345
4
113
16,900
00
69
00
00
28
69
91
52
59
25
50
00
$3,719,053 33
—
134
P.D.
Shares
Part III.
8,
Membership
Issued during year
Withdrawn during year
Forfeited during year
12,525
6,836
Matured diiring year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
1,472
60,816
21,074
2,287
1,856
Members
Members who
92
are borrowers
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
First term,
4,537
1,466
....
of:
certificates
4,212
431
295
Profits Distributed
Unmatured Shares
term, 2J^%.
3%; second
Matured and Paid-up Share Certificates
2}4%; second term, 214%.
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
than 4 years old; after 4 years,
Rates and Averages on Loans
1,143 real estate loans (average, $3,142 each; average rate, 6%): 6%, $3,588,805.
303 share loans (average, $328 each; average rate, 6%): 6%, $99,446.
1£ loans on matured share certificates : 6%, $4,220.
9 loans on paid-up share certificates : 6%, $3,430.
Total Expenses for Year
Salaries
Amount paid
$11,526.45
3.10
for
Cost per $1,000 of assets
.
Rent
Other
Expenses
Advertising
$1,747.10
$231.73
.47
.06
Total
$16,956.47
.$3,451.19
.93
4.56
SANDWICH — SANDWICH CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Falmouth National Bank, Falmouth; Office
of C. M. Chase, Hyannis; Office of L. A. Law, Provincetown)
Incorporated October
1,
1885.
Began business December
15,
1885
Jerome R. Holway, President
Fletcher Clark, Treasurer
Board of Directors: E. S. Clark, Fletcher Clark*, E. W. Haines, J. R. Holway*, E. S. S. Keith, T. F. Kelleher*.
L. A. Law, J. W. Liberty, W. E. R. Nye, A. R. Pope, O. L. Small, E. S. Talbot.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEmIeNT of CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
form mortgages
Real estate by foreclosure, etc
Unpaid interest
Common
Cash
....
$988,500 00
17,000 00
660 00
1,825 74
1,586 75
73,170 80
Dues capital
Profits capital
$702,227
170,592
129,400
24,000
Matured share
Paid-up
certificates
share certificates
Forfeited share account
1,794
21,908
25,208
7,450
162
.
Guaranty fund
Surplus
Due on uncompleted
Personal accounts
loans
.
$1,082,743 29
series issued in
00
33
00
00
58
59
20
00
59
$1,082,743 29
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New
1925
Liabilities
Membership
4,452
1,639
53
514
16,449
5,683
Members
Members who
Holders
1,713
are borrowers
.
625
.
1,626
133
21
of:
Unmatured shares
Matured share certificates
Paid-up share
certificates
647
Profits Distributed
Unmatured Shares
120
May, November.
First term, 3
}4% second term, 3 H%.
;
Matured Share
First term,
2M%;
Certificates
second term,
2M%-
Paid-up Share Certificates
First term, 2^%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 10%.
* Security Committee.
P.D.
8,
Part III.
135
Rates and Averages on Loans
581 real estate loans (average, $1,701 each; average rate, 7.26%): 5%, $6,100; 5J^%, $150; 5J^%, $66,000;
5M%, $14,600; 6%, $163,700; 6M%, $35,600; 6 J^%, $92,800; 6M%, $33,050; 7%, $68,300; 7M%,
$42,050; 7}^%, $97,700; 7?^%, $63,300; 8%, $82,300; 8M%, $41,500; 8}^%, $31,200; 8M%,
$28,000; 9%, $36,100; 9M%, $18,650; 9}^%, $29,250; 9M%, $23,150; 10%, $9,800; 10 M%, $5,200.
rate, 7.42%): 5J/^%, $3,400; 5M%, $300; 6%, $2,200; 6M%.
$2,000; 7M%, $250; 7%%, $1,300; 8%, $1,650; 83^%, $300;
$450; 9 M%, $1,050; 9M%, $1,150; 10%, $660; 10M%, $500; 10M%.
48 share loans (average, $354 each; average
$50;
6H%,
$700;
8M%,$100; 9%,
7%, $500; 7^%,
$400;
9M%>
Total Expenses for Year
Salaries
Amoiint paid for
Cost per $1,000 of assets
.
P.D.
136
SHARON — SHARON
(Other authorized locations for receipt of moneys: Citizens National
Street and 148 State Street, Boston)
Incorporated January
John
J.
19,
1912
8,
Part III.
CO-OPERATIVE BANK
Bank
Began business February
12,
of Boston, 179
Summer
1912
Archie L. Kingsbury, Treasurer
Rafter, President
Board of Directors: W. B. Brigham, F. V. Brittain*, W. E. Clark, A. W. Curtis, G. A. Dennett, J. P. Eaton,
J. R. GiUespie*, George HaU*, H. F. Nelson, R. L. PoUard, T. F. Quinn, J. J. Rafter, G. A. Stetson, Rudolf Stolar, J. S. Stresanger, A. H. Urann, A. E. Wright.
Regular meetings for receipt of moneys the third
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
.
.
.
.
......
.
Prepaid interest
Cash
.
.
.
.
00
00
00
42
442 25
34,466 65
$473,730
7,020
2,525
471
$518,655 32
Dues
capital
1925
P.D.
8,
Part
137
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
....
Loans on real estate
Loans on shares
.
Temporary expense acoount
Cash
.
.
.
$148,157 00
2,780 00
299 16
4,085 89
$155,322 05
Shares
Issued during year
....
....
....
.....
....
Withdrawn during year
Matured during year
597
347
62
Shares in force
2,512
928
Shares now pledged
1.31
Matured shares represented by certificates
69
Paid-up shares represented by certificates
New series issued in January, April, July, October.
.
1925
138
P.D.
Shares
....
....
....
.....
....
Issued during year
2,500
diiring year
1,109
Forfeited during year
7
Shares in force
8,924
Shares now pledged
3,140
Paid-up shares represented by certificates
184
New series issued in February, May, August, No-
Withdrawn
8,
Part III.
Membership
....
Members
Members who are borrowers
Holders of:
Unmatiired shares
Paid-up share certificates
—
879
205
.
860
32
.
vember.
Profits Distributed
TJnrratured Shares
second term, 1
fourth term, 1J^%.
First term, 1
1?^%;
First term, 1
1M%;
^%
^%
;
Paid-up Share Certificates
second term, 1
}4%
;
fourth term,
1M%.
M%
;
third term,
;
third term,
Proportion of profits retained on voluntary withdrawals, 20% on series less than 6 years old; 15% on series
from 6 to 7 years old; 10% on series from 7 to 8 years old; 5% on series from 8 to 9 years old; after
9 years, none.
Rates and Averages on Loans
5^%, $17,350; 6%, $396,200; &%%, $90,100.
5^%, $30; 6%, $29,510; 6J^%, $4,240.
134
real estate loans ($3,758 each; average rate, 6.07%):
71 share loans (average, $475 each; average rate, 6.06%):
Total Expenses for Year
Amoimt
paid for
.
Cost per $1,000 of assets
P.D.
8,
139
Part III.
718 real
estate loans (average,
$1,534,800.
Rates and Averages on Loans
$2,456 each; average rate, 5.88%): 5%, $209,850;
2Z4 share loans (average, $220 each; average
rate,
5J^%, $19,000;
6%,
5.96%): 5%, $1,630; 6%, $47,650.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$5,333.31
2.79
.
Other
Expenses
Advertising
$780.00
$27.45
.41
.01
Tota
$2,035.25
1.06
8,176.01
4.27
SOMERVILLE — WEST SOMERVILLE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 1136 Broadway, Teele Square, Somerville;
157 Boston Avenue, Ball Square, Somerville; 310 Broadway, Somerville)
Incorporated
November
Began business December
29, 1890.
11,
1890
Winsor L. Snow, Treasurer
Fred F. Stockwell, President
Annie M. Duran, Assistant Treasurer
Board of Directors: G. W. Bryant, Z. E. Cliff, F. S. Cummings, W. H. Dolben, F. S. Emery, H. C. Fallis*.
F. A. P. Fiske, F. H. Foster, J. W. F. Hobbs, C. R. Horton, W. A. Jackson, J. W. Jones, H. P. Knight,
E. D. Lacount, W. C. Mentzer, F. E. Moore, W. H. Peak, G. R. Reed, W. N. Robbins*, E. A. Shaw,
R. M. Smith, W. L. Snow*, C. L. Stevens, F. F. StockweU, J. F. Terry.
Monday
Regular meetings for receipt of moneys the third
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Permanent expense account
1925
Liabilities
$2,477,450 00
83,825 00
3,270 00
Dues capital .
Profits capital
1,760 00
28,500 00
216 32
2,159 22
287 80
52,310 04
Paid-up share
Temporary expense account
Insurance and taxes paid
Cash
....
00
39
00
00
317 72
201 15
25,617 61
13,311 44
22,612 90
406 01
1 75
861 41
100,000 00
8,600 00
93 00
204 00
$1,568,225
314,526
340,000
254,800
Matured share
certificates
certificates
Forfeited share accoiint
Matured share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
.....
Application fees
Rents
$2,649,788 38
$2,649,778 38
Membership
Shares
....
....
....
....
.....
....
.....
—
Members
Members who
Issued during year
10,650
Withdrawn during year
5,035
Forfeited during year
21
Matured during year
1,397
Shares in force
35,029
Shares now pledged
14,976
Matured shares represented by certificates
1,700
Paid-up shares represented by certificates
1,274
New series issued in March, June, September, December.
Holders
of:
are borrowers
.
Unmatured
781
2,781
shares
Matvured share certificates
Paid-up share certificates
279
238
.
Profits Distributed
Unmatured Shares
second term, I!.]
l'/r6%; fourth term, l'-f6%.
.
2,912
First term, l'/f6%;
third term,
Matured and Paid-up Share Certificates
1J4%; second term, IK%; third term,
First term,
1K%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, one-sixth.
Rates and Averages on Loans
589
real estate loans
(average, $4,206 each;
average rate, 5.96%);
5H%,
$1,500;
5}^%, $154,000; 6%,
$2,321,950.
316 share loans (average, $266 each; average rate, 5.99%):
8 loans on matured share certificates: 6%, $3,270.
6 loans on paid-up share certificates: 6%, $1,760..
5^%,
$60;
6%,
$83,765.
Total Expenses for Year
Amount
paid foB,
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$8,534 85
$316.44
$915.73
$7,127.39
3.22
.12
.35
.69
* Security
Committee.
Advertising
Total
$16,894.41
6.38
140
P.D.
(Other authorized locations for receipt of moneys: 1164 Broadway;
Union Square, Somerville)
May
Incorporated
George
S.
8,
Part III.
WINTER HILL CO-OPERATIVE BANK
SOMERVILLE
8,
1906.
Began business June
13,
Highland Trust Company,
1906
Ray R.
Lovejoy, President
Rideout, Treasurer
Harriett A. Osborne, Assistant Treasurer
Board of Directors: J. B. Adams, J. M. Andrews*, G. G. Brayley*, J. A. Breen, L. B. Chandler*, A. L. Durgin,
B. F. Freeman, H. E. Frost, C. E. Fuller, H. B. Gerrish, C. C. Grimmons, Thomas Gullion, J. A. Kiley,
R. M. Lavender, W. F. Lewis, G. S. Lovejoy, C. N. Page, N. P. Reed, S. M. Rich, R. R. Rideout*, A. E.
Sargent, C. L. Shea*, T.
J.
Shea.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Temporary expense account
.
.
.
.
.
......
.
Discount
Cash
.
.
.
.
.
$6,272,055 00
66,127 00
14,960 00
510 00
02
72
23
38
10,038
4,020
3,264
70,019
$6,440,994 35
1925
P.D.
8,
141
Part III.
L. Berthiaume, F. A. Bouvier, A. L. Desaulniers*, E. D. Desrosier*, Antoine
Duplessis, J. C. Gabree, Felix Gatineau, W. P. Gendreau, Ronaldo Guilmette, Victor Laperle, David
Lenti, H. B. Montague, Elzebert Ouellette, A. J. Peloquin, H. J. Tetreault.
Board of Directors: H. U. Bail*,
J.
Regular meetings for receipt of moneys the
Thursday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
$616,125
29,170
360
2,400
161
22,329
.
on real estate
on shares
certificates
share
on matured
on paid-up share certificates
Temporary expense account
Loans
Loans
Loans
Loans
.
.
.
.
.
1925
Liabilities
Assets
.
.
.
.
Cash
00
00
00
00
32
36
Dues
$367,514
64,943
128,800
68,000
14
7,444
2,603
2,936
50
capital
Profits capital
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal
18
20,000
8,200
19
profits
payable for money borrowed
Due on imcompleted loans
Bills
Security committee
$670,545 68
00
91
00
00
00
45
60
40
72
25
85
00
00
50
$670,545 68
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
2,891
1,485
401
......
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
10,439
5,360
644
340
of:
981
263
....
Paid-up share
certificates
.
.
893
...
.
123
66
.
Profits Distributed
Unmatured Shares
First term, 3%; second term, 3%.
Matured and Paid-up Share
First term,
Certificates
2}4%; second term, 2,14%.
Proportion of profits retained on volvmtary withdrawals, 25% on series less than 4 years old;
from 4 to 6 years old; after 6 years, none.
20%
on
series
Rates and Averages on Loans
193 real estate loans (average, $3,192 each; average rate, 6%): 6%, $616,125.
74 share loans (average, $394 each; average rate, 6%): 6%, $29,170.
i loan on matured share certificates: 6%, $360.
B loans on paid-up share certificates: 6%, $2,400.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
SPRINGFIELD
$1,260.65
1.88
— HAMPDEN
Incorporated July 21, 1919.
Henry W. Lloyd,
$294.67
Other
Expenses
$418.89
.44
.62
Advertising
Total
$1,974.21
2.94
CO-OPERATIVE BANK
Began business September
3,
1919
Harry R. King, Treasurer
President
of Directors: Frank Auchter, H. A. Bellows*, E. E. Bohner, B. L. Bragg, Jr., R. S. Clark, A. E. Emerson,
L. P. Fletcher, H. F. Fritz, M. B. Howard*, H. R. King, H. W. Lloyd*, G. E. Mayer, T. K. McAlhster,
E. L. McCracken*, T. E. Morris, E. S. Munson, R. S. Redfield, G. A. Torrence, W. K. Tuohey, T. P.
Board
Walsh, E. E. Yake.
Regular meetings for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Liabilities
1925
142
P.D.
Is!3ued
during year
....
....
.....
....
Withdrawn during year
1,981
1,714
Shares in force
7,304
Shares now pledged
2,403
Paid-up shares represented by certificates
178
New series issued in March, June, September, December.
of:
Unmatured shares
Profits Distributed
Unmatured Shares and Paid-up Share
1M%; second term,
fourth term, 1)4%.
Rates and Averages on Loans
100 real estate loans (average, $3,041 each; average rate, 6%): 6%, $304,100.
68 share loans (average, $332 each; average rate, 6%): 6%, $22,615.
5 loans on paid-up share certificates: 6%, $785.
Total Expenses for Year
Salaries
700
48
certificates
Proportion of profits retained on volimtary withdrawals, 50% on series less than
6 years old; after 6 years, none.
.
741
172
—
Paid-up share
1M%;
paid for
Cost per $1,000 of assets
Part III.
Members
Members who are borrowers
Holders
First term,
Amount
8,
Membership
Shares
1
Certificates
1M%;
year old;
third term,
25% from
1
to
P.D.
8,
143
Part III.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
SPRINGFIELD
Salaries
Rent
Advertising
$1,385.00
8.39
$302.28
1.83
$49.41
— SPRINGFIELD
Incorporated April 13, 1882.
H.
W.
Other
Expenses
$872.87
5.29
.30
Total
$2,609.56
15.81
CO-OPERATIVE BANK
May
Began business
9,
1882
A. C. Wentworth, Treasurer
MorriU, President
Board of Directors: Charles Adams*, W. D. Bigelow*, E. A. Hall*, H. L. Hines, H. B. Hopson, A. L. Janes,
H. W. Morrill, W. E. Parsons*. A. B. Sanderson, H. A. Sanderson, A. C. Wentworth*, D. R. Winter*.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans
Loans
Loans
Loans
.
on real estate
on shares
on matured share
certificates
on paid-up share certificates
form mortgages
Common
Real estate by
foreclosiire, etc
Unpaid interest
Unpaid fines
Overs and shorts
Cash
....
.
$15,000
3,011,100
95,745
6,830
5,015
1,400
27,316
11,515
1,230
7
192,807
00
00
00
00
00
00
66
30
74
27
70
....
....
....
.....
Dues
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
Due foreclosm'e sale
loans
.
.
Dividends on matured share
cates
_
.
.
certifi.
.
Dividends on paid-up share
_
18,670 64
.
certifi-
6,610 00
$3,367,967 67
$3,367,967 67
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
issued in
00
47
00
00
78
60
36
00
818 82
$1,858,479
342,758
693,600
264,400
1,616
64,543
110,670
5,800
.....
.
cates
New series
1925
Liabilities
10,492
7,005
177
1,830
40,844
18,556
3,468
1,322
May, November.
Members
Members who
.
3,867
1,149
.
.
3,372
619
.
.
259
are borrowers
.
.
Unmatured shares
Matured share certificates
.
Paid-up share
.
Holders
of:
•
....
certificates
Profits Distributed
Viimatured Shares
First term, 2^%; second term, 3%.
Matured Share
First term,
Certificates
2}4%; second term,
2M%.
Paid-up Share Certificates
First term, 23-^%; second term, 2}4%.
Proportion of profits retained on voluntary withdrawals, 100% on series less than 1 year old;
from 1 to 8 years old; after 8 years, none.
10% on
series
Rates and Averages on Loans
estate loans (average,
457 each; average rate, 5.93%): 5%, $211,800; 5
6%,, $2,790,700.
4S5 share loans (average, $225 each; average rate, 6%): 5%, $65; 6%, $95,680
13 loans on matured share certificates: 6%, $6,830.
9 loans on paid-up share certificates: 6%, $5,015.
871 real
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
M%.
$4,700;
5}^%, $3,900;
P.D.
144
of Directors: Charles Baldwin*, G. R. Barnstead, F. H. Berry, C. F. Buck,
Clark, C. J. Emerson*, H. L. Emerson, S. H. Green*. C. W. Houghton, F. J.
Board
W.
O. Richardson,
W. H.
Andrew
HoweU,
Part III.
8,
Christensen, E. L.
O. W. Richardson,
White, E. L. Young.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matiired share certificates
Loans on paid-up share certificates
Unpaid interest
Unpaid fines
Permanent expense account
Insurance and taxes paid
Cash
1925
Liabilities
$1,210,100
35,275
8,250
1,550
2,909
Dues capital
Profits capital
15
Forfeited share account
381 51
641 93
5 33
40,024 15
....
....
....
....
00
00
00
00
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Due on uncompleted
Security committee
.
.
.
.
.
.
.
$604,776
107,736
402,400
123,200
314
14,084
7,874
24,672
66
...
loans
.
.
Dividends on matured share
00
21
00
00
81
16
78
16
00
certifi-
cates
10,960 45
Dividends on paid-up share
certifi-
cates
3,052 50
$1,299,137 07
$1,299,137 07
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
4,775
2,337
6
680
15,568
7,465
2,012
616
Members
Members who
.
Holders
of:
.
.
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,671
.
545
.
1,461
342
107
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
23^%; second term,
First term,
2}^%; second
Paid-up Share
Certificates
2^%-
Certificates
term, 2 >^%.
Proportion of profits retained on voluntary withdrawals, 25% until last term profits amount to $1, then $1
on series not over 6 years old; after 6 years, none.
492
Rates and Averages on Loans
average rate, 5.95%): 5%, $37,150; 53^%, $23,650; 6%,
real estate loans (average, $2,459 each;
$1,149,300.
94 share loans (average, $375 each; average rate,
11 loans on matured share certificates: 6%, $8,250.
1 loan on paid-up share certificates: 6%, $1,550.
6%): 5J^%, $60; 6%, $35,215.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
P.D.
8,
Part III.
145
Membership
Shares
Issued during year
2,799
1,582
Withdrawn during year
Forfeited during year
Matiired during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up share represented by certificates
.
New
series issued in
35
520
Members
Members who
11,699
5,290
950
508
May, November.
1,228
are borrowers
535
Unmatured shares
Matured share certificates
1,118
153
Holders
of:-
Paid-up share certificates
89
Profits Distributed
Unmatured Shares
First term, 2%%; second term, 2%%.
Matured and Paid-up Share Certificates
2}^%; second term, 2 1^%.
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Rates and Averages on Loans
499 real estate loans (average, $1,936 each; average rate, 6%): 6%, $966,505.
34 share loans (average, $327 each; average rate, 6%): 6%, $11,140.
2 loans on matured share certificates: 6%, $1,750.
1 loan on paid-up share certificates: 6%, $1,800.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
than 5 years
old;
after 5 years,
P.D.
146
TAUNTON
8,
Part III.
EAST TAUNTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: O'Keefe & O'Keefe, 39 Crocker Building;
Harrison K. Dean, Taunton Cotton Mills, East Taunton)
Incorporated November
12, 1909.
Began business November
15,
1909
Albert H. Chace, Treasurer
Arthur E. Robbins, President
of Directors: C. R. Barstow*, A. H. Chace, E. M. S. Chandler*, P. H. Corr, H. K. Dean*, Luther Dean,
E. W. Hart, J. C. Hart, C. E. O'Gara, C. D. Pierce, A. E. Robbins, J. T. Sherry, J. P. Whitters, G. R.
Williams, C. E. Wood.
Regular meetings for receipt of moneys the first Monday on or after the fifteenth of each month.
Board
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
S259,900 00
8,720 00
1,469 25
6,344 87
Loans on real estate
Loans on shares
Unpaid interest
Cash
.
Dues capital
Profits capital
Matured share certificates
Guaranty fund
Surplus
....
....
Due on uncomplete loans
Dividends on matured share
Gates
certifi
$276,434 12
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in May, November.
850
922
36
3,331
1,525
398
....
—
Members
Members who are borrowers
Holders of:
Unmatiired shares
Matured share certificates
.
1925
P.D.
8,
147
Part III.
Membership
Shares
Issued during year
....
....
....
....
.....
....
Withdrawn during year
Forfeited during year
Matured during year
10,062
7,043
8
1,645
35,575
18,124
6, 187
Shares in force
Shares now pledged
MatTired shares represented by certi ficates
Paid-up shares represented by certificates
605
New series issued in January, April, July, October.
.
Members
Members who
Holders
of:
3,276
— are borrowers
Unmatured shares
Matured share certificates
.
.
...
.
Paid-up share certificates
.
J^% second term,
lJi%; fourth term, 13^%.
1
%%
Paid-up Share Certificates
}4% second term, 1 }4%
fourth term, 1M%.
First term, 1
1H%;
;
2,836
.
Profits Distributed
Unmatured Shares and Matured Share
First term, 1
1,151
....
.
965
93
Certificates
;
'•
',
third term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,082 real estate loans (average, $3,196 each; average rate, 5.92%): 5Vio%, $267,770; 5}^%, $293,765;
$2,705,010.
119 share loans (average, $252 each; average rate, 5.98%): 5Vio%, $190; 5i^%, $700; 6%, $29,100.
S5 loans on matured share certificates: 5J^%, $700; 6%, $10,410.
6%,
Total Expenses for Year
$9,300.00
$461.04
$136.30
Other
Expenses
$2,792.08
2.76
.14
.04
.83
Rent
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
Advertising
Total
$12,689.42
3.77
TAUNTON — OLD COLONY CO-OPERATIVE BANK
Incorporated February
7,
1918.
Began business March
11,
1918
James H. Carney, Treasurer
Louis Swig, President
Board of Directors: L. J. Anthony, J. E. Bostock, J. P. Corr*, W. J. Dana*, T. J. Doherty, Jr., J. J. Donovan,
H. J. Hebert, M. A. Higgins, Noah Lemaire, Andrew McGlynn, H. J. McNelly, Gaetano Orsi, H. M.
Poole*, J. T. Sherry, M. C. Silvia, M. F. Silvia, Louis Swig, J. M. Westgate, H. G. Youngberg.
Regular meetings for receipt of moneys the second
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
Cash
....
$96,950
5,735
25
100
6,244
00
00
00
00
88
Dues capital
Profits capital
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
.
Withdrawal
$109,054 88
profits
192S
—
.
148
P.D.
Part III.
8,
TAUNTON — TAUNTON CO-OPERATIVE BANK
Incorporated March
6,
1880.
Began business March
17,
Frederick E. Goff, President
1880
Albert C. Francis, Treasurer
Board of Directors: Thomas Baker*, J. F. Barden, H. H. Church, T. W. Dean*, A. C. Francis, J. P. Galligan,
F. E. Goff, Theron Gorham, H. S. Hastings, F. W. Hayman, H. N. Hopkins*, G. W. King, B. C. Pierce,
A. R. White, L. M. Witherell.
Regular meetings for receipt of moneys the first Tuesday after the fifteenth of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Unpaid fines
Insurance and taxes paid
GO
00
00
26
$2,125,800
40,450
4,900
5,286
526 12
80 56
51,821 50
Cash
Dues capital
Profits capital
Matured share
Matiu^ed share accoxmt
Guaranty fund
Surplus
Bills payable for money borrowed
Due on uncompleted loans
Reserve fund
....
.
19
50
00
00
200 00
certifi-
19,074 12
$2,228,864 44
$2,228,864 44
Shares
Membership
Issued diu'ing year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
issued in
00
03
00
60
$1,210,577
219,780
639,200
64,141
27,811
17,980
18,000
12,100
certificates
Di\'idends on matured share
cates
New series
1925
Liabilities
6,873
4,276
850
29,197
12,346
3,196
....
Members
Members who
Holders
are borrowers
2,200
^
807
of:
Unmatured shares
Matured share certificates
2,067
533
.
May, November.
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 2%%; second term, 215^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
701 real estate loans (average, $3,032 each; average rate, 5.9%): 5Vio%, $181,750; 5}4%, $152,600;
$1,791,450.
98 share loans (average, $412 each; average rate, 5.99%): 5J^%, $200; 6%, $40,250.
8 loans on matured share
certificates:
6%,
6%,
$4,900.
Total Expenses for Year
Amount paid
for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$6,210.50
2.79
$515.86
$76.55
Other
Expenses
$842.59
.23
.03
.38
Total
$7,645.50
3.43
TAUNTON — WEIR CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: District Court Building, Court Street, Taunton)
Incorporated July 11, 1884.
Began business July
16,
Arthur C. Staples, President
1884
Kenneth E. Leonard, Treasurer
Board of Directors: H. D. AtweU, H. L. Blood*, Harry Carlow, R. W. Chase, Randall Dean, J. M. Fitzgerald*,
G. W. Grigor, A. R. Leonard, K. E. Leonard, J. A. McDonald, C. S. Parker, H. H. Presbrey, J. A. Quigley,
A. C. Staples*, E. A. Tetlow, J. G. Williams.
Regular meetings for receipt of moneys the sixteenth of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans
Loans
Loans
Loans
1925
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
Real estate by foreclosure, etc.
Temporary expense account
Insiu-ance and taxes paid
Cash
.....
.
,365,300 00
16,550 00
3,050 00
100 00
837 88
Dues capital
Profits capital
Matured share certificates
Paid-up share certificates
Guaranty fund
2,744 27
Surplus
560 01
22,299 48
Interest
^
Fines
Transfer fees
.
2
payable for money borrowed
Due on uncompleted loans
Bills
Personal accounts
....
Apiplication fees
Suspense
$1,411,441 64
* Security Committee.
$688,649
114,719
454,200
40,200
22,514
15,592
22,983
150
.
f 40,000
10,813
1,483
00
45
00
00
83
92
45
84
00
00
30
00
00
128
4 85
$1,411,441 64
P.D.
8,
149
Part III.
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in January, July.
4,885
2,770
7
834
16,408
7,560
2,271
201
150
P.D.
Rates and Averages on Loans
IJfi real estate loans (average, $2,131 each; average rate, 6.09%): 6%, $279,375; 7%, $19,050.
13 share loans (average, $399 each; average rate, 6.01%): 6%, $5,144; 7%, $50.
^ loans on matured share certificates); 6%, $665.
Total Expenses for Year
Salaries
Amount paid
for
.
Coat per $1,000 of assets
$625.00
1.95
Rent
Advertising
8,
Part III.
—
P.D.
8,
151
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense accoiint
Cash
.
.
.
.
$369,350 00
5,290 00
500 00
161 25
15,181 82
......
.
Matured share
Paid-up
certificates
share certificates
.
Withdrawal
Bills
62 50
profits
10,000 00
payable for money borrowed
$390,483 07
$390,483 07
Membership
Shares
....
....
.....
....
Issued during year
1,380
Withdrawn during year
651
Matxired during year
206
Shares in force
5,447
Shares now pledged
2,172
Matured shares represented by certificates
389
Paid-up shares represented by certificates
141
New series issued in March, June, September, December.
.
.
15
00
00
17
1,889 90
3,998 97
111 38
Guaranty fund
Surplus
Fines
00
$221,825
43,107
77,800
28,200
3,488
Dues capital
Profits capital
Interest
.
1925
Liabilities
Assets
.
....
461
157
Members
Members who are borrowers
Holders
of:
Unmatured shares
Matured share certificates
Paid-up share
434
39
21
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1H%;
second term,
Certificates
1H%;
third term,
iya%; fourth term, lVs%.
Paid-up Share Certificates
second term, 1 }4%
fourth term, lH7o-
First term, 1
1M%;
Proportion of profits retained on voluntary withdrawals,
25% on
M%
;
series less
Rates and Averages on Loans
136 real estate loans (average, $2,715 each; average rate, 6%): 6%, $369,350.
SO share loans (average, $264 each; average rate, 6%): 6%, $5,290.
1 loan on matured share certificates: 6%, $500
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
;
third term,
than 5 years old; after 5 years,
—
152
P.D.
Part III.
8,
Membership
Shares
Issued during year
25,083
17,015
Withdrawn during year
Forfeited during year
36
Matured during year
3,153
Shares in force
66,833
Shares now pledged
30,162
Matured shares represented by certificates
7,981
Paid-up shares represented by certificates
2,842
New series issued in January, April, July, October.
.
Members
Members who
are borrowers
6,741
2,008
Unmatured shares
Matured share certificates
5,402
1,261
Holders
of:
Paid-up share
541
certificates
Profits Distributed
Unmatured Shares
First term, 1%%; second term, 1%%; third term,
l'/i'6%; fourth term, r/f6%-
Matured and Paid-up Share Certificates
third term,
ii% second term, 1
First term, 1
1M%;
;
1H%.
fourth term,
M%
;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
estate loans (average, $2,824 each; average rate, 6%): 5%, $6,550; 6%, $5,654,600.
493 share loans (average, $200 each; average rate, 6%): 6%, $98,895.
48 loans on matured share certificates; 6%, $11,815.
19 loans on paid-up share certificates: 6%, $8,535.
S,004 real
Total Expenses for Year
Rent
Advertising
$2,400 10
$1,373.77
Salaries
Amount paid
Cost
for
per $1,000 of assets
$15,787.01
2.69
.
.
.23
Other
Expenses
$14,094.67
2.40
Total
$33,655.55
5.73
WALTHAM — WATCH CITY CO-OPERATIVE BANK
March
Incorporated
Anthony
J.
25, 1914.
Began business April
1914
6,
"Wm. H. Waters, Treasurer
Doherty, President
Adams, W.
Bannan, C. H. Clark, M. P. CoUins*, Clarence Cormier, T. E. Deehan,
A. J. Doherty, J. J. Fahey, E. F. Flannery*. T. J. Flannery, P. L. Flynn, L. A. Hanscom, J. J. Harold,
F. J. Kelly, E. O. MaxweU, J. A. McCarthy, J. P. Morrissey*. C. L. Reade, W. E. Sawyer* LiUian Shanley, P. H. Sheridan, B. W. Stanley, D. J. Tracey, T. A. Tracey*, W. H. Waters.
Board
of Directors : J. A.
J.
Regular meetings for receipt of moneys the last Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
....
Prepaid interest
Cash
$203,325 00
2,081 00
437 58
170 26
29 82
3,376 63
Dues capital
Profits capital
Paid-up share
$137,133 00
29,870 47
19,600 00
1,786 21
1,174 30
966 18
627 97
37 91
3,500 00
14,600 00
15 00
109 25
certificates
Forfeited share account
....
....
.....
.
Guaranty fund
Surplus
Interest
Fines
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
Personal accounts
.
$209,420 29
$209,420 29
Membership
Shares
....
....
....
.....
....
Issued during year
1,427
Withdrawn during year
739
Forfeited during year
60
Shares in force
3,561
Shares now pledged
1,143
Paid-up shares represented by certificates
98
New series issued January, April, July, October.
m
1925
Liabilities
Members
Members who
Holders
of:
333
75
— are borrowers
Unmatured shares
Paid-up share
326
14
certificates
Profits Distributed
Unmatured Shares
First term, 1
second term, 1
1J^%; fourth term, 1J^%.
^%
%%
;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
third term,
Paid-up Share Certificates
second term, 1M%; third term,
First term, 1}4%'<
1M%;
;
P.D.
8,
153
Part III.
Rates and Averag^es on Loans
6^ real estate loans (average, $3,279 each; average rate, 6%): 6%, $203,325.
13 share loans (average $160 each; average rate, 6%): 6%, $2,081.
Total Expenses for Year
Salaries
Amount paid
Cost
for
per $1,000 of assets
.
154
P.D.
8,
Part
III.
Board of Directors: F. B. Barden, F. E. Barrows, J. J. Beaton, E. C. Bodfish*, G. E. Cornwell, T. M. Crocker,
J. L. Eldridge, C. S. Gleason, Arthur Griflfin, I. C. Hammond, J. T. Hennessy*, George Lang, F. M. Larchar, J. C. Makepeace, J. W. Whitcomb*.
Regular meetings for receipt of moneys the second Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Temporary expense account
Insurance and taxes paid
Cash
....
Liabilities
$144,150
4,748
49
33
00
00
14
78
1,593 61
$150,574 53
Sha
Dues
capital
1925
P.D.
8,
Part
155
III.
Membership
Shares
Issued during year
....
....
....
.....
....
Withdrawn during year
Matured during year
50,711
19,979
10,205
108,318
51,916
9,798
4,474
Shares in force
Shares now pledged
Matijred shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
P.D.
156
Rates and Averages on Loans
SSO real estate loans (average, $2,972 each; average rate, 6.3%): 6Vio%, $980,990.
64 share loans (average, $287 each; average rate, 6.3%): 6Vio%, $18,430.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
8,
Part III.
P.D.
8,
157
Part III.
Board of Directors: R. T. Carrier, J. H. Clark*, C. H. Cooley, Jr., T. J. Cooley, H. S. Eaton, R. M. Fletcher,
F. N. Gibbons, H. W. Kittredge, J. O. McKean, H. S. MiUer, A. G. Norton*, O. E. Parks, G. E. Shepard,
Jr.*, D. A. Snow, F. E. Tibbals.
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Unpaid interest
Permanent expense account
Temporary expense account
$5,000
1,828,345
56,197
4,220
2,750
59,196
8,622
12,952
2,731
.
Cash
00
00
00
00
00
50
00
13
51
75 00
Personal accounts
Building income and expense
1,981 54
12 61
....
Overs and shorts
1925
Liabilities
.
Dues capital
Profits capital
$1,074,379
191,803
429,600
181,400
43
5,903
40,765
39,324
36,523
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Fines
Issued during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in June, December.
7,315
3,955
1,191
24,000
11,237
2,148
907
......
Members
Members who are borrowers
Holders
of:
—
....
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares
5^%; second term, 2 5^%.
Matured and Paid-up Share Certificates
23^%; second term, 2}4%.
First term,
Proportion of profits retained on voluntary withdrawals,
25%
Rates and Averages on Loans
real estate loans (average, $2,642 each; average rate, 6%): 6%, $1,828,345.
share loans (average, $193 each; average rate, 6%): 6%, $56,197.
loans on matured share certificates: 6%, $4,220.
loans on paid-up share certificates: 6%, $2,750.
Total Expenses for Year
Salaries
.
11
$2,029,706 53
First term, 2
paid for
10
05
Membership
Withdrawn dxu-ing year
Matured during year
Cost per $1,000 of assets
84
47,623 24
Shares
Amount
21
00
00
30
617 27
222 65
29,125 00
.
Withdrawal profits
Due on uncompleted loans
$2,029,706 53
693
290
13
SO
00
of last dividend.
2,127
2,045
327
155
158
P.D.
....
....
....
....
....
Issued during year
Withdrawn during year
Forfeited diuring year
Matured during year
9,345
3,879
32
777
24,125
Shares in force
Shares now pledged
10,412
Matured shares represented by certificates
2,136
Paid-up shares represented by certificates
825
New series issued in February, May, August, November.
.
.
.
.
.
....
Members
Members who
Holders
— are borrowers
of:
Unmatured shares
Matured share certificates
Paid-up share
1M%;
certificates
Rates and Averages on Loans
607 real estate loans (average, $2,698 each; average rate, 6%): 6%, $1,637,750.
280 share loans (average, $131 each; average rate, 6%): 6%, $36,906.
7 loans on matured share certificates: 6%, $2,730.
S loans on paid-up share certificates: 6%, $1,170.
Total Expenses for Year
Salaries
for
.
III.
.
2,257
812
2,061
.
344
140
Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, none.
Cost per $1,000 of assets
Part
Profits Distributed
Unmatured Shares and Matured and Paid-up
First term,
Amount paid
8,
Membership
Shares
P.D.
8,
Part
159
III.
Rates and Averag^es on Loans
311 real estate loans (average, $2,511 each; average rate, 6%): 6%, $781,200.
each;
average
rate, 6%): 6%, $16,362.
61 share loans (average, $268
3 loans on matured share certificates: 6%, $1,300.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
160
P.D.
,
WEYMOUTH — SOUTH WEYMOUTH
Part
III.
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 733 Broad Street, East
Began business March
Incorporated February 28, 1889.
8,
9,
D. Frank Daly, President
Weymouth)
1889
Everett N. HoUis, Treasurer
Board of Directors: A. E. Barnes*, F. T. Barnes, G. L. Barnes, G. W. Conant, D. F. Daly*, J. F. Frawley*,
W. H. Holbrook, E. N. HoUis, L. K. Jones, J. W. McDonald, E. E. Merchant* E. J. Pitcher*, J. F.
Reardon, H. G. Soule, J. H. Stetson, Gordon Willis.
Regular meetings for receipt of moneys the second Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on personal estate
Loans on shares
Real estate by foreclosure,
Unpaid interest
Unpaid fines
Insurance and taxes paid
Cash
etc
....
$1,106,375
23,640
5,035
5,193
617
31
5,073
00
00
72
38
03
72
35
Dues capital
Profits capital
Matured share
$713,645 00
158,384 75
226,000 00
certificates
Forfeited share account
98 85
.
Guaranty fund
24,831
15,605
3,944
7
Due on uncompleted
Personal accounts
loans
.
Dividends on matured share
icates
.
.
.
certif.
$1,145,968 20
Membership
Shares
....
....
....
....
.....
....
3,058
Issued during year
Withdrawn during year
2,034
56
Forfeited during year
506
Matured during year
15,026
in
Shares
force
6,308
Shares now pledged
1,130
Matured shares represented by certificates
New series issued in February, May, August, November.
Members
Members who
1,438
— are borrowers
463
Unmatured shares
Matured share certificates
1,369
Holders
of:
H%
",
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Salaries
third term,
1^%.
than 8 years old; after 8 years,
Rates and Averae^es on Loans
Total Expenses for Year
;
Matured Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
403 real estate loans (average, $2,745 each; average rate, 6%): 6%, $1,106,375.
63 share loans (average, $375 each; average rate, 6%): 6%, $23,640.
.
210
Profits Distributed
Unmatured Shares
First term, 1 }4% second term, 1
1>^%; fourth term, 1}^%.
First term,
for
2,896 67
.
$1,145,966 20
Cost per $1,000 of assets
55
44
00
04
552 90
Surplus
Siispense
Amount paid
1925
-Liabilities
P.D.
8,
Part
161
III.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Temporary expense account
Insurance and taxes paid
Personal accounts
Interest on notes
Cash
.
.
.
.
.
.
.
00
00
00
00
38
633 53
209 55
264 13
91,986 45
,424,425
67,705
6,705
1,300
4,288
.
$4,597,517 04
Shares
....
....
....
~
26,019
Issued during year
.
.
Withdrawn during year
8,142
157
Forfeited during year
.
Matured during year
5,102
Shares in force
63,072
Shares now pledged
25,149
Matured shares represented by certificates
5,978
225
Paid-up shares represented by certificates
New series issued in February, May, August, No.
.
vember.
.
.
Dues
capital
1925
162
P.D.
Issued during year
....
....
....
.....
....
Withdrawn during year
Matured during year
8,
Part III.
Membership
Shares
902
Members
Members who
174
Holders
1,349
Shares in force
5,894
Shares now pledged
2,449
Matured shares represented by certificates
366
Paid-up shares represented by certificates
204
New series issued in March, June, September, December.
of:
645
239
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
633
58
44
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, 1 J-4%
;
second term,
lH7o; fourth term,
1
14%
>
third term,
1M%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
20s reaiestofeZoans (average, $1,995 each; average rate, 5.91%): 5%, $16,790; 5 M%. $41,645;
36 share loans (average, $286 each; average rate, 6%): 6%, $10,329.
Total Expenses for Year
Salaries
Amoimt
paid for
Cost per $1,000 of assets
.
6%,
$346,745.
.
P.D.
8,
Part III.
163
WINTHROP — WINTHROP
Incorporated February
AUen E. Newton,
15, 1907.
CO-OPERATIVE BANK
Began business March
13,
1907
Almon E. Whittemore,
President
Treasurer
Gertrude A. Manning, Assistant Treasurer
Board of Directors: H. W. Aiken, F. G. Curtis, E. E. Dawson, Augustus De Cort, Nelson Floyd, Jeremiah
Green, L. E. Grifiin, A. F. Henry, Henry Hutchinson, H. A. Kelly, Gerard La Centra, H. M. McNeil,
W. G. McNeil*, A. E. Newton, C. W. O'Keefe, E. A. Thomas*, G. W. Walker, A. E. Whittemore*.
Regvdar meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Loans on shares
Loans on matured share
Banking house
.
.
!,402,600
.
.
.
.
.
......
.
244 00
Security committee
Cash
00
75,640 00
3,390 00
19,000 00
1,671 23
.
certificates
Temporary expense account
1925
Liabilities
101,156 97
Dues
capital
Profits capital
$1,507,524
274,241
578,000
95,800
Matiired share certificates
Paid-up share certificates
Forfeited share account
1,913
Guaranty fund
00
73
00
00
25
43
25
22
36
00
45,504
35,873
26,267
531
2
381 18
37,663 78
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on xmcompleted loans
$2,603,702 20
$2,603,702 20
Membership
Shares
....
....
....
....
.....
....
Issued during year
9,120
Withdrawn during year
5,485
Forfeited diu-ing year
75
Matured during year
937
Shares in force
34,596
Shares now pledged
14,647
Matured shares represented by certificates
2,890
Paid-up shares represented by certificates
479
New series issued in March, J\m.e, September, December.
Members
Members who
2,492
— are borrowers
788
Unmatured shares
Matured share certificates
2,327
Holders
of:
Paid-up share
443
81
certificates
Profits Distributed
First term,
1
V8%
;
Unmatured Shares
1?^%; second term, V/(6%'t third term,
fourth term,
1
K%.
Matured Share
Certificates
First term, V'/\i%\ second term, V'4sffo\ third term,
'^Vv,%\ fourth term,
First term,
1H%;
Proportion of profits retained on voluntary withdrawals,
none.
10% on
Paid-up Share Certificates
seond term, 1M%; third term,
1M%;
fourth term,
series less
real estate loans (average, $3,713 each; average rate, 6%): 6%, $2,402,600.
135 share loans (average, $560 each; average rate, 6%): 6%, $75,640.
9 loans on matured share certificates: 6%, $3,390.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
1M%.
than 5 years old; after 6 years,
Rates and Averages on Loans
647
W^Jo.
164
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
.
1925
Liabilities
Loans on real estate
Loans on shares
Ijoans on matured share certificates
Temporary expense account
Insurance and taxes paid
Security committee
Cash
.
Part III.
.
.
.
......
$3,871,725
70,770
3,400
1,290
71
00
00
00
94
Dues capital
Profits capital
62
Guaranty fund
46 15
93,569 89
$2,260,544
499,835
672,400
397,000
83,705
76,041
21,653
Matured share
certificates
share certificates
Paid-up
Surplus
Interest
Fines
Transfer fees
00
60
00
00
18
21
22
806 11
1 25
262 60
.
Withdrawal profits
Due on uncompleted loans
28,623 10
1 33
Personal accounts
$4,040,873 60
$4,040,873 60
Membership
Shares
10,333
Issued during year
5,021
Withdrawn during year
1,189
Matured during year
48,584
Shares in force
21,885
Shares now pledged
3,362
Matured shares represented by certificates
1,985
Paid-up shares represented by certificates
New series issued in January, April, July, October.
....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
4,609
1,642
.
4,439
545
323
.
certificates
Profits Distributed
Unmatured Shares
First term, 1}4%', second term,
1J4%; third term,
iy2%; fourth term, lJ-^%.
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20% on
1M%;
series less
1M%.
than 5 years
Rates and Averages on Loans
1,459 real estate loans (average, $2,653 each; average rate, 6.3%): 6Vxo%, $3,871,725.
175 share loans (average, $404 each; average rate, 6.3%): 6Vio%, $70,770.
S loans on matured share certificates: 6'/xo%, $3,400.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
Certificates
second term, 1}4%'> third term,
fourth term,
old;
after 5 years,
P.D.
8,
Part
165
III.
Membership
Shares
Issued diiring year
....
....
.....
....
Withdrawn dviring year
Matured during year
Shares in force
Shares
.
.
now pledged
Matured shares represented by
New series
8,723
4,873
900
.
certificates
38,871
14,693
1,163
.....
Members
Members who are borrowers
Holders
of:
3,173
965
—
Unmatured shares
Matured share certificates
3,089
197
.
Profits Distributed
Unmatured Shares
First term, 2%%; second term, 3%.
issued in February, August.
Matured Share
Certificates
214%; second term, 2^%-
First term,
Proportion of profits retained on volimtary withdrawals, one-half of last dividend.
Rates and Averages on Loans
$3,070 each; average rate, 5.96%): 5%, $10,600; 5^%. $7,200; 5M%, $6,000;
5Vs%, $4,800; 5i^%, $126,350; 55^%, $600; 5M%, $1,800; 6%, $2,261,350; 6^%. $1,000; 6J^%,
$1,200.
$1,400; 7%,
SOS share loans (average, $273 each; average rate, 6%): 53^%, $300; 6%, $79,500.
13 loans on matured share certificates: 6%, $1,650.
789 real
estate loans (average,
Total Expenses for Year
Amoimt paid
for
.
Cost per $1,000 of assets
Salaries
Rent
$5,253.36
2.04
$2,842 15
1.10
Other
Expenses
Advertising
$394.73
.
$4,323.08
1.68
.15
Total
$12,813.32
4.97
WORCESTER — HOME CO-OPERATIVE BANK
Incorporated June 10, 1882.
Jeremiah
J.
Began business June
16,
1882
George O. Bridges, Treasurer
Higgins, President
Board of Directors: A. J. Bean, Henry Brannon*, G. O. Bridges*, G. W. Brooks, Albert Erickson, "WiUiam
Forsberg, H. A. Hawkins, J. J. Higgins*, Urgel Jacques*, James Montgomery, H. A. Mower, J. H. Turner,
C. C. Winn, W. A. Winn, E. M. Woodward.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share
.
.
.
.
.
.
.
.
certificates
Common
form mortgages
Temporary expense account
Security committee
Cash
1925
Liabilities
......
.
$20,000
2,244,100
55,650
1,350
856
4,157
134
26,480
00
00
00
00
00
89
00
92
Dues capital
Profits capital
Matured
$1,642,368
288,615
220,400
37
58,405
66,977
57,744
1,433
share certificates
Forfeited share accovmt
.
Guaranty fund
Surplus
Interest
.
.
18
$2,352,728 81
$2,352,728 81
Membership
Shares
....
75
43
88
4 00
1,611 66
11,300 00
906 17
2,925 42
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Due on foreclosiu'e sale
Expense on furniture and fixtures
Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in June, December.
00
05
00
27
8,195
4,599
5
309
700
36,051
13,124
1,102
.....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
.
Matured Share
198
.
First term,
Certificates
214%; second term,
Paid-up Share
2^%-
Certificates
2}^%.
Proportion of profits retained on voluntary withdrawals, one-half of last dividend.
* Security Committee.
880
2,961
Profits Distributed
Unmatured Shares
First term, 2J^%; second term, 3%.
First term,
3,044
P.D.
166
Rates and Averages on Loans
736 real estate loans (average, $3,049 each; average rate, 5.97%): 5%, $3,400; 5}4%,
$1]4,800; 5^%, $2,700; 5M%- $700; 5J^%, $600; 6%, $2,114,400; &ys%, $1,200.
SS4 share loans (average, $248 each; average rate, 6%): 5}4%, $300; 6%, $55,350.
4 loans on matured share certificates: 6%, $1,350.
Total Expenses for Year
Salaries
Amount paid
for
.
Cost per $1,000 of assets
8,
Part III.
$6,300;
5}4%,
P.D.
8,
-
Part III.
167
WORCESTER — WORCESTER
Incorporated October
19, 1877.
CO-OPERATIVE BANK
Began business October
1877
19,
George O. Bridges, Treasurer
Henry Brannon, President
of Directors: D. E. Armitage, A. J. Bean, A. L. Bemis, Henry Brannon* G. O. Bridges*, G. W. Brooks,
Earle Brown, E. P. Fitzgerald, William Forsberg, J. J. Higgins*, Urgel Jacques*, J. H. Turner, C. G.
Winn, W. A. Winn, E. M. Woodward.
Regular meetings for receipt of moneys the fourth Tuesday of each month.
Board
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
....
....
....
$45,505 68
Bonds and notes
2,451,750 00
Loans on real estate
95,650 00
Loans on shares
1,800 00
Loans on matxired share certificates
2,256 73
foreclosure,
etc.
Real estate by
85,000 00
Banking house
2,774 58
Permanent expense account
1,144 67
Temporary expense account
account
3,536 09
and
expense
Building, income
.
.
.
.
Security committee
Certificates of deposit
.
.
.
.
...
.
.
1925
Liabilities
Assets
94 25
30,000 00
11,764 46
.
Cash
Dues
$1,943,864 00
396,601 61
244,600 00
capital
Profits capital
Matured share
certificates
Forfeited share account
40
59
67
52
384 58
1 00
472 59
11,800 00
321 50
375
59,579
66,142
7,133
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Due on foreclosure sales
$2,731,276 46
$2,731,276 46
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured dxiring year
Shares in force
Shares now pledged
Matured shares represented by certificates
New series issued in April, October.
-.
8,967
4,956
15
444
551
42,096
14,872
1,223
Members
Members who
Holders
of:
3,440
— are borrowers
983
....
Unmatured shares
Matmred share certificates
.
.
.
.
3,352
222
.
.
Profits Distributed
Unmatured Shares
First term, 2J^%; second term, 3%.
Matured Share
First term,
Certificates
2}4%; second term,
2H%.
Proportion of profits retained on voluntary withdrawals, one-half of last dividend.
Rates and Averages on Loans
79SreaZes<afeZoans (average, $3,072 each; average rate, 5.97%): 5%, $1,800; 5}^%, $3,000; 5 J^%, $143,500;
6%, $2,297,950; 6M%, $1,800; 65^%, $3,700.
399 share loans (average, $319 each; average rate, 6%): 5J^%, $250; 6%, $95,400.
S loans on matured share
certificates:
6%,
$1,800.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$5,164.37
1.89
Rent
$2,840.93
1.04
Advertising
Other
Expenses
$397.39
$1,620.78
.15
.59
Total
$10,023.47
3.67
WRENTHAM — WRENTHAM CO-OPERATIVE BANK
Incorporated February 26, 1901.
Hiriam A. CoweU, President
Began business March
13,
1901
Charles B. McDougald, Treasurer
Board of Directors: F. L. Blatchford, H. A. CoweU, E. A. Dart*, D. S. Farrington* O. J. Goodspeed, L. C.
Jenness, C. B. McDougald, W. H. Stewart, A. H. Thomas, J. A. Warren, G. P. WiUard*, C. C. Winter.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS,
Assets
Loans on real estate
Liabilities
1925
P.D.
168
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Retired during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares lepresented by certificates
New series issued in March, September.
517
403
3
5
66
2,591
825
82
10
8,
Part III.
P.D.
8,
Part
169
III.
Total Expenses for Year
Salaries
Amount
Rent
Advertising
$25.00
$575.00
4.29
paid for
Cost per 81,000 of assets
.
.19
Other
Expenses
$175.11
1.30
Total
$775.11
5.78
STATEMENTS OF CERTAIN SAVINGS AND LOAN
ASSOCIATIONS
Subject to the Supervision of the Commissioner of Banks under
THE Provisions of General Laws, Chapter 93, Section 34
ATTLEBORO — ATTLEBOROUGH SAVINGS AND LOAN ASSOCIATION
EstabUshed January, 1876.
Began business January, 1876
Frank W. Weaver, President
Caleb Slade, Treasurer and Secretary
Babcock, M. L. Carter, H. E. Clap*, A. M. Dunhamf, Joseph Finberg, A. A. Frenchf, C. S.
Holden, R. M. Hortont, A. S. Ingraham, H. P. Kent*, W. L. King*, W. J. Luther, H. K. Richardsonf.
F. W. Weaver*, Oscar Wolfenden.
Directors: F.
I.
Regular monthly meeting, fixed by by-laws, third
Monday
STATEMENT OF CONDITION, OCTOBER
Assets
....
Loans secured by pledge of shares
Loans secured by other collateral
Real estate owned by the association
Real estate sold, deeds not passed
Unpaid dues
Temporary expense
Real estate expense
Alterations and additions
Taxes
Deposited in banks
Income tax refiind
Cash in hands of treasurer
.
....
Bank
stock
each month.
31, 1925
Liabilities
Loans secured by mortgages upon
real estate
of
$2,661,855
99,819
7,600
90,387
4,961
2,416
3,276
1,833
11,616
2,183
43,082
51
00
00
64
74
00
46
61
60
78
00
98
1,314 24
6,730 00
.
3,256 matured shares at $500 each
167 shares, series 37 at $479.63 each
248 shares, ser: es 38 at $432.76 each
252 shares, ser: es 39 at $388.15 each
166 shares, ser: es 40 at $345.68 each
259 shares, ser: es 41 at $305.21 each
263 shares, seri es 42 at $266.66 each
147 shares, ser: es 43 at $229.95 each
261 shares, ser es 44 at $195.02 each
489 shares, ser: es 45 at $161.82 each
596 shares, ser: es 46 at $130.34 each
152 shares, ser: es 47 at $115.23 each
365 shares, series 48 at $100.52 each
159 shares, series 49 at $86.20 each
564 shares, series 50 at $72.27 each
212 shares, series 51 at $58.71 each
450 shares, series 52 at $45.51 each
294 shares, series 53 at $32.67 each
595 shares, series 54 at $20.17 each
427 shares, series 55 at $8.00 each
Dues paid in advance, etc.
Due on construction loans
Interest
Rents
Guaranty fund
.
Fines
.
fund
Rent from safe deposit boxes
Gain and loss
Siurplus
.
15
00
00
32
89
00
22
99
93
94 50
2,818 78
807 11
35,000 00
Suspense
Bills payable
$2,837,077 56
00
21
48
80
88
39
58
65
22
98
64
96
80
80
28
52
50
98
$1,628,000
80,098
107,324
97,813
57,382
79,049
70,131
33,802
50,900
79,129
77,682
17,514
36,689
13,705
40,760
12,446
20,479
9,604
12,001
3,416
2,370
44,926
48,534
2,679
131,266
17
40,627
$2,837,077 56
.....
.....
Miscellaneous
Number
of shareholders of unmatured shares
Largest number of unmatured shares held by any one member
Number of holders of matured shares
Largest number of matured shares held by any one person
Total number of members holding either matured or unmatured shares
.
1,067
200
612
.......
....
140
1,430
Largest loan to any one person
Number of borrowers (on share loans 147), total
*
Loan
or Building Committee.
$96,000
893
t Auditors.
P.D.
170
..........
........
........
.........
..."......
........
.........
.........
Rates of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatiired shares
Amount paid for salaries during the year
Number of shares issued during the year
Number of shares withdrawn during the year
Number of shares matured during the year
New series are issued January and July of each year.
Required monthly dues upon each share
8,
Part
III.
6%
5%, 6J^%,
5 Yi%
5 J/^%
$9,420 72
1,078
.
413
228
$2.00
NORTON — NORTON SAVINGS AND LOAN ASSOCIATION
Established 1890.
Austin
M.
Began business 1890
George B. Clements, Treasurer and Secretary
Sweet, President
Directors: J. G. Adair, G. B. Clements, B. F. Fales* J. A. Freemanf, C. H. Makepeace* t> G.
G. F. Sawyer, A. T. Sturdy, A. M. Sweet, A. G. Walker, W. C. S. Wood.
Regular monthly meeting for receipt of moneys the third
Monday
STATEMENT OF CONDITION, OCTOBER
Assets
month.
31, 1925
Liabilities
Loans secured by mortgages upon
$202,117 83
real estate
Loans secured by pledge
of each
H. O'Brien*,
of shares
and
21,778 86
coUateral
Real estate owned by the association
Real estate sold by agreement
Unpaid dues
Temporary expense
Real estate expense
Deposited in banks or trust companies
.....
.
945 00
3,017 14
576 00
.
.
.
109 69
.
.
.
247 71
4,095 81
343 matured shares at $300 each
25 shares, series 27 at $291.81 each
45 shares, series 28 at $255.39 each
8 shares, series 29 at $220.70 each
29 shares, series 30 at $187.67 each
110 shares, series 31 at $156.21 each
73 shares, series 32 at $126.25 each
43 shares, series 33 at $97.71 each
123 shares, series 34 at 170.53 each
297 shares, series 35 at $44.65
194 shares, series 36 at $20.00
Dues paid in advance
Interest account
BiUs payable
Guaranty fund
Undivided
Rents
profits
.
Fines
Partial
payments
$102,900 00
7,295 25
11,492 55
1,765 60
5,442 43
17,183 10
9,216 25
4,201 53
8,675 19
13,261 05
3,880 00
258 00
5,846 33
11,000 00
2,200 00
19,713 27
112 00
8 40
8,437 09
$232,888 04
$232,888 04
.........
.....
..........
......
....
...........
.............
..........
.........
........
.........
.........
........
.........
.........
Miscellaneous
Number of shareholders of unmatured shares
Largest number of unmatured shares held by any one member
Number of holders of matured shares
Largest number of matured shares held by any one person
Total number of members holding either matured or unmatm-ed shares
Largest loan to any one person
Number of borrowers
Rates of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatiu'ed shares
Amount paid for salaries during the year
Number of shares issued during the year
Number of shares withdrawn during the year
Number of shares matured diiring the year
New series are issued annually in January.
Required monthly dues upon each share
207
37
90
26
249
$6,000
148
6%, 6J^%,
7%
6%
6%
$750
224
112
12
$2.00
PLAINVILLE — PLAINVILLE SAVINGS AND LOAN ASSOCIATION
Established December, 1879.
Byron
S.
Gardiner, President
Began business February, 1880
Walter E. Barden, Treasurer and Secretary
AveriU, W. E. Barden, Donald Barrows, J. J. Eidenf, T, E. A. Fuller, B. S. Gardinerf, Howard Gardner!, N. C. Grant, H. A. HaUf, Rufus Kingf, J. W. Martin, Jr., E. W. Pinkf, C. E. RUey, R. I.
Rhodes, F. W. Sears, Fred Sturdy, H. B. Thompsonf.
Directors: F.
Loan
W.
or Building Committee:
Appointed from the Directors on each application
for a loan.
Regular meetings monthly for receipt of moneys on or before the tenth of each month.
*
Loan
or Building Committee.
t Auditors.
P.D.
8,
171
Part III.
STATEMENT OF CONDITION, OCTOBER
10,
Liabilities
Assets
....
Loans secured bymortgages upon real
estate
Loans secured by pledge of shares
Real estate owned by the association
Unpaid dues
Unpaid interest
Furniture and fixtures
Liberty Loan bonds
Cash in hands of treasurer
.
Interest accrued
1925
$374,124 72
19,106 96
1,500 00
1,260 00
112 61
400 00
8,000 00
7,465 61
113 91
1,198 matured shares at $151.87 each
327 shares, series 42 at $129.77 each
606 shares, series 43 at $99.79 each
431 shares, series 44 at $71.28 each
524 shares, series 45 at $44.14 each
113 shares, series 46 at $31.09 each
365 shares, series 47 at $18.40 each
324 shares, series 48 at $6.05 each
Due on construction loans
Dues paid
in
advance
advance
Interest paid in
Bills
payable
Guaranty fund
Undivided profits
Forfeited shares
$412,083 81
.....
......
.....
.
$181,940
42,434
60,472
30,721
23,129
3,513
6,716
26
79
74
68
36
17
00
1,960 20
756 00
388 00
1,593
35,000
11,000
12,236
15
00
00
38
222 08
$412,083 81
Miscellaneous
Number
of shareholders of unmatured shares
Largest number of unmatured shares held by any one member
Number of holders of matured shares
Largest number of matured shares held by any one person
Total number of members holding either matured or unmatured shares
Largest loan to any one person
Number of borrowers
Rate of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatured shares
Amount paid for salaries during the year
Number of shares issued during the year
Number of shares withdrawn during the year
Number of shares matured during the year
New series are issued February and August of each year.
Required monthly dues upon each share
.
613
50
251
31
760
$7,250
334
6%
5%
5^%
$1,382
714
354
192
$2.00
172
P.D.
8,
Part III.
GENERAL INDEX
Page
Co-operative Banks, Abstracts of Annual Report
Co-operative Banks, Alphabetically by Name
Co-operative Banks, General Remarks
Co-operative Banks, Legislation
Co-operative Banks, Tables of Statistics
Credit Unions, General Remarks
Other than Banks, General Remarks.
Savings and Loan Associations, Abstracts of Annual Report
Savings Banks, General Remarks
Trust Companies, General Remarks
....
....
....
.
.
.
.
.
.
1
172
.
.
.
169
Index to the Annual Reports
[Alphabetically by
Name]
CO-OPERATIVE BANKS
Name
Location
Acushnet Co-operative Bank
.
Adams
Co-operative Bank
Aldenville Co-operative Bank
Amesbury Co-operative Bank
Andrew Square Co-operative Bank
Arlington Co-operative Bank
Athol Co-operative Bank
Atlantic Co-operative Bank
Attleborough Co-operative Bank
Auburndale Co-operative Bank
Ausonia Co-operative Bank
Avon Co-operative Bank
Back Bay Co-operative Bank
Baldwinville Co-operative Bank
Bellevue Co-operative Bank
Beverly Co-operative Bank
B. F. Butler Co-operative Bank
Boston Co-operative Bank
Braintree Co-operative Bank
Bridgewater Co-operative Bank
Brighton Co-operative Bank
Brookline Co-operative Bank
Business Men's Co-operative Bank
Cambridge Co-operative Bank
Campello Co-operative Bank
Canton Co-operative Bank
Cape Cod Co-operative Bank
Central Co-operative Bank
Central Square Co-operative Bank
Chair-Town Co-operative Bank
Charlestown Co-operative Bank
Chelsea Co-operative Bank
Chester Co-operative Bank
Chioopee Co-operative Bank
Chicopee Falls Co-operative Bank
Citizens' Co-operative Bank
City Co-operative Bank
Chnton Co-operative Bank
Codman Co-operative Bank
Columbian Co-operative Bank
Concord Co-operative Bank
Congress Co-operative Bank
Coohdge Corner Co-operative Bank
Danvers Co-operative Bank
Dean Co-operative Bank
Dedham Co-operative Bank
Dorchester Co-operative Bank
Dudley Co-operative Bank
East Bridgewater Co-operative Bank
Easthampton Co-operative Bank
East Taunton Co-operative Bank
Economy Co-operative Bank
Edward Everett Co-operative Bank
Enterprise Co-operative Bank
Equitable Co-operative Bank
Equity Co-operative Bank
Eureka Co-operative Bank
Everett Co-operative Bank
Fall River Co-operative Bank
Faneuil Co-operative Bank
Farragut Co-operative Bank
.
.
.
.
.
.
.
.
.
.
New
Bedford
Adams.
Chicopee
Amesbury
Boston
Arhngton
Athol
.
Lawrence
Attleboro
Newton
Boston
Avon
.
Boston
Baldwinville
115
2
62
2
9
3
4
92
5
117
10
6
11
6
Boston
11
Beverly
Lowell
97
Boston
12
Braintree
49
Bridgewater
9
Franklin
60
13
53
14
64
60
59
168
137
55
81
14
59
61
63
63
86
89
64
15
56
66
16
53
67
80
Dedham
68
Boston
Boston
East Bridgewater
17
17
69
Boston
Brookline
Boston
Cambridge
Brockton
Canton
Yarmouth
Somerville
Cambridge
Gardner
Boston
Chelsea
Chester
Chicopee
Chicopee
Haverhill
Holyoke
Chnton
Boston
Cambridge
Concord
Boston
Brookhne
Danvers
Easthampton
Taunton
Merrimac
Boston
Boston
Lynn
.
Worcester
Boston
Everett
Fall River
Boston
Boston
70
146
110
18
19
99
164
20
72
72
20
21
P.D.
8,
Part
173
III.
Name
Location
Boston
Federal Co-operative Bank
Fellsway Co-operative Bank
Fidelity Co-operative Bank
Fitchburg Co-operative Bank
Forest Hills Co-operative Bank
Foxborough Co-operative Bank
Framingham Co-operative Bank
Gardner Co-operative Bank
Germania Co-operative Bank
Gloucester Co-operative Bank
Grafton Co-operative Bank
Greenfield Co-operative Bank
Groveland Co-operative Bank
Guardian Co-operative Bank
Hampden Co-operative Bank
Harvard Co-operative Bank
Haverhill Co-operative Bank
Henry Wilson Co-operative Bank
Highland Co-operative Bank
Highland Co-operative Bank
Hillside Co-operative Bank
Hingham Co-operative Bank
Holbrook Co-operative Bank
Holyoke Co-operative Bank
Home Co-operative Bank
Homestead Co-operative Bank
Housatonic Co-operative Bank
Hudson Co-operative Bank
Hyannis Co-operative Bank
Hyde Park Co-operative Bank
Independent Co-operative Bank
Inman Co-operative Bank
Ipswich Co-oiDerative Bank
Jamaica Plain Co-operative Bank
Joseph Warren Co-operative Bank
Lafayette Co-operative Bank
Maiden
Fitchburg
Fitchburg
.
Boston
Foxborough
Framingham
.
Gardner
Boston
.
Gloucester
Grafton
Greenfield
.
Groveland
Boston
.
.
Springfield
.
Boston
.
Haverhill
.
Natick
Boston
Springfield
Medford
Hingham
Holbrook
Holyoke
Worcester
Boston
Great Barrington
.
Lawrence Co-operati'^e Bank
Hudson
Barnstable
Boston
Worcester
Cambridge
Ipswich
Boston
Boston
Fall River
Lawrence
.
Leominster Co-operative Bank
Lexington Co-operative Bank
Leominster
Lexington
Lincoln Co-operative Bank
Lowell Co-operative Bank
Lynn Co-operative Bank
Maiden Co-operative Bank
Mansfield Co-operative Bank
Marblehead Co-operative Bank
Marlborough Co-operative Bank
Martha's Vineyard Co-operative Bank
Massachusetts Co-operative Bank
Mattapan Co-operative Bank
Mechanics' Co-operative Bank
Medfield Co-operative Bank
Medford Co-operative Bank
Medway Co-operative Bank
Meeting House Hill Co-operative Bank
Melrose Co-operative BankMerchants' Co-operative Bank
Merrimack Co-operative Bank
Methuen Co-operative Bank
Metropohtan Co-operative Bank
Middleborough Co-operative Bank
Middlesex Co-operative Bank
Milford Co-operative Bank
Milton Co-operative Bank
Minot Co-operative Bank
Montello Co-operative Bank
Mt. Washington Co-operative Bank
Mutual Co-operative Bank
Needham Co-operative Bank
New Bedford Co-operative Bank
Newburyport Co-operative Bank
Newton Co-operative Bank
Newton South Co-operative Bank
Noddle Island Co-operative Bank
Nonantum Co-operative Bank
North Abington Co-operative Bank
Northampton Co-operative Bank
North Cambridge Co-operative Bank
North Dighton Co-operative Bank
North Dorchester Co-operative Bank
North Easton Co-operative Bank
North Weymouth Co-operative Bank
Norwood Co-operative Bank
Old Colony Co-operative Bank.
Orange Co-operative Bank
Peabody Co-operative Bank
People's Co-operative Bank
Pilgrim Co-operative Bank
Pioneer Co-operative Bank
Pittsfield Co-operative Bank
Lynn
.
.
.
.
.
.
.
Lowell
Lynn
Maiden
.
Mansfield
Marblehead
Marlborough
Tisbury
Boston
Boston
Taunton
Medfield
Medford
Medway
Boston
Melrose
Boston
Lawrence
Methuen
Boston
Middleborough
Lowell
Milford
Milton.
Boston
Brockton
Boston
Leominster
Needham
New
Bedford
Newburyport
Newton
Newton
Boston
Newton
Abington
Northampton
Cambridge
Dighton
Boston
Easton
Weymouth
Norwood
Taunton
Orange
Peabody
Fall River
Cohasset
Boston
Pittsfield
174
P.D.
Name
8,
Part III.
Location
Plymouth Co-operative Bank
Provident Co-operative Bank
Quieicy Co-operative Bank
Randolph Co-operative Bank
Reading Co-operative Bank
Real Estate Co-operative Bank
Reliance Co-operative Bank
Revere Co-operative Bank
Rockland Co-operative Bank
Roger Conant Co-operative Bank
Roslindale Co-operative Bank
Roxbury Co-operative Bank
Salem Co-operative Bank
Sandwich Co-operative Bank
Saugus Co-operative Bank
Security Co-operative Bank
Sharon Co-operative Bank
Shawmut Co-operative Bank
Shawsheen Co-operative Bank
Shipbuilders' Co-operative Bank
Shirley Co-operative Bank
Somerville Co-operative Bank
South Boston Co-operative Bank
Southbridge Co-operative Bank
South End Co-operative Bank
South Middlesex Co-operative Bank
South Shore Co-operative Bank
South Weymouth Co-operative Bank
Springfield Co-operative Bank
Stoneham Co-operative Bank
Stoughton Co-operative Bank
Suffolk Co-operative Bank
Swampscott Co-operative Bank
Taunton Co-operative Bank
Telephone Workers' Co-operative Bank
Trimount Co-operative Bank
Troy Co-operative Bank
Union Co-operative Bank
Union Co-operative Bank
Victory Co-operative Bank
Volunteer Co-operative Bank
Wachusett Co-operative Bank
Wakefield Co-operative Bank
Walpole Co-operative Bank
Waltham Co-operative Bank
Ware Co-operative Bank
Wareham Co-operative Bank
Watch City Co-operative Bank
Watertown Co-operative Bank
Waverley Co-operative Bank
Webster Co-operative Bank
Weir Co-operative Bank
Wellesley Co-operative Bank
Westfield Co-operative Bank
West Medford Co-operative Bank
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Woburn Co-operative Bank
WoUaston Co-operative Bank
Worcester Co-operative Bank
Workingmen's Co-operative Bank
Wrentham Co-operative Bank
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SAVINGS AND LOAN ASSOCIATIONS
Attleborough Savings and Loan Association
Norton Savings and Loan Association
Plainville Savings and Loan Association
Attleboro
Norton
Plainville
169
170
170
@FedFRASER