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Public
Document
No. 8
Cl)e CommonUiealtl) of ^a0$acf)U0ett0
ANNUAL REPORT
OF THE
Commissioner of Banks
FOR THE
Year ending October
Part
30, 1926
III
RELATING TO
CO-OPERATIVE BANKS AND SAVINGS AND
LOAN ASSOCIATIONS
Department op Banking and Insurance
Publication op this Document appboved by the Commission on Administration and Finance
500 12-'26
Order 7248
^iit
(UnmnmtmtMi of MnBB^limtttB
Office of the Commissioner of Banks,
State House, Boston, January 19, 1927.
To
the
Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled.
The annual report
Chapter 167, section
covering the work
Commissioner of Banks, required by General Laws,
respectfully submitted herewith. The complete report
of this department and containing statements of the instituof the
9, is
tions under its supervision
heretofore at a later date.
and other
statistical
information will be submitted as
Consolidated Statement of Resources of All Institutions under Supervision of the
Commissioner of Banks, October 30, 1926}
P.D.
ii
The General Court,
8,
Part III.
two measures which are of
Chapter 351 legaUzed for investment, bonds
of certain pubhc utility corporations and Chapter 283 permitted the investment
in certain railroad equipment obligations. While the latter opened new avenues
of investment, the public utility issues offered broader opportunities and presented
more difficult problems in determining eligibihty. In consequence of this legislation there devolved upon this department the responsibility of analyzing the terms
of the indentures under which pubhc utility bonds were issued, as well as certain
features of the financial condition of the issuing corporations whose securities might
become eligible for investment, in order to determine that each issue actually
complied with the requirements of the act. In accordance with estabhshed policy,
strict construction and interpretation have been applied to every provision of this
act, one result of which was the admission to eUgibility of the bonds of companies
operating in only twenty-six states. By reason of this and other strict apphcations of the provisions of the statute, the list of bonds available for investment
is not as large as had been generally expected; but it is gratifying to note that
vital
at its previous session, enacted
importance to savings banks.
certain of the corporations are making the necessary changes in their indentures
to meet these rulings and interpretations.
The importance of this act to our savings banks is indicated by the fact that it
has made available for investment pubhc utihty bonds of issues exceeding
provision of the act, however, hmits a bank's investment in
$500,000,000.
the bonds of any such corporation to 2 per cent of its deposits and its total investments in such bonds to 15 per cent of its deposits. To October 30, 1926,
approximately $18,500,000, shghtly more than 1 per cent of the aggregate deposits, have been invested in such securities.
A
Trust Companies.
Trust company reports rendered as of October 30, 1926, showed total assets in
ah departments of $1,352,486,086, an increase during the year of more than
$71,000,000. To this increase the commercial departments contributed $6,000,000,
the savings departments $14,000,000 and the trust departments more than
$51,000,000. The trust departments merit a special word. At the present time
fifty-three trust companies are authorized to exercise fiduciary powers.
The expansion of the service of corporate trusteeship has been so rapid that during the
last ten years the assets of trust departments have increased $365,000,000 and
have reached a total of $466,000,000, comprising 35 per cent of the aggregate
assets of all trust companies.
The General Court, at its last session, enacted legislation, in the absence of
enabling provisions in the general law, authorizing three trust companies to estabUsh additional offices, two of which are located in adjoining towns. This policy
extends banking facilities to small communities where the establishment of separate institutions would be unwarranted.
During the year two new trust companies were incorporated, the Mystic Trust
Company, Medford, and the University Trust Company, Cambridge. Inquiries
have been made by officers of certain national banks with regard to converting
their institutions into trust companies, but this process, unlike that of the conversion of trust companies into national banking associations, is surrounded under
the present statutes with legal technicalities which acted as a deterrent.
Co-operative Banks.
The
rapid growth of co-operative banks has continued throughout the yea,r,
although the increase in assets is shghtly less than that of the previous year.
One important feature of their growth during the past few years has been the
rapid increase in the amount represented by matured and paid-up share certifiThere are at the present tune 93,777 members holding such certificates
cates.
representing $118,625,400, an average of $1,265 each. This amount constitutes
28.58 per cent of the total liabilities of all co-operative banks. This, in a large
measure, is the result of the sale of shares of a prior series and since some banks
do not issue such shares, in many banks the percentage of such habihties to total
liabilities is considerably in excess of the ratio mentioned.
P.D.
8,
Part III.
The demand
iii
mortgage loans has continued unabated and in some sections
has exceeded the funds accumulated, causing borrowing by many banks. At the
present time nearly $3,000,000 are being borrowed to meet apphcations for such
loans. The average amount of each real estate loan held by all co-operative banks
now stands at $3,290. A total of 31,056 new loans, averaging $4,067 each, was
for
made during the year.
The voluntary hquidation
of the
Shawsheen Co-operative Bank, Andover, was
effected during the past few months. This bank commenced business on April 1,
1924. As a result of the transfer of the offices of a large textile concern from Andover to Boston, the removal from the vicinity of many of those interested in the
bank and the unavailing efforts to interest local residents in the continuation of
the bank,
it
ceased business on
was completed on September
8,
May
7,
1926.
1926, and commenced liquidation which
All shareholders were paid in full.
Credit Unions.
Under the provisions
Chapter 171
of the General Laws, as recodified during
the last session of the Legislature, the annual reports of credit unions to this department hereafter will be made as of the last business day of December. For
this reason the figures relating to credit unions in this abstract are as of June 30,
1926, the date of the last report made to this department.
A comparison of the total assets of credit unions as of October 31, 1925, and
June 30, 1926, shows an increase of $822,300 for that period and a normal rate for
the full year.
In 1924 and again in 1925 it was recommended that the statutes governing the
operation of credit unions be revised in order that their development might be
along proper lines. This revision was accomplished by the enactment of Chapter
273 of the Acts of 1926, which has already corrected many unsatisfactory conditions and will be increasingly beneficial in the future.
Section 4 of this act entitled "Credit Union Banking Restricted," has had farreaching effect. Its provisions prohibit any person, partnership or corporation
from receiving deposits of money from members on account of shares or deposits
and loaning the same in the way and manner of a credit union. Thus many groups
which heretofore had been doing business of this nature under declarations of trust
and other agreements were forced to seek credit union charters. Since this act
became effective, 156 such groups have been granted certificates to incorporate
by the Board of Bank Incorporation, many of wiiich have completed their organization and have commenced business.
of
Private Bankers.
Individuals, partnerships and corporations licensed by this department to
engage in the business of recei^dng deposits of money for safekeeping or for the
purpose of transmitting the same to foreign countries now number thirty-one.
The outstanding development in this business during the year has been the decrease in the total amount of money transmitted to foreign countries from
$7,713,197 in 1925 to $6,571,525 in 1926. This falling off is attributable to the
operation of the laws restricting immigration and to the partial stabilization of
the ItaUan lira. As the stabilization of exchange progresses, a further decrease in
the transmission of funds abroad may be expected.
Christmas Clubs.
Christmas clubs have developed to such an extent that, for the first time since
this plan has been in operation, figures were obtained from savings banks and
trust companies showing the number of members and the amounts distributed to
them at the termination of the club year.
In ninety-nine cities and towns,
—
IV
P.D.
8,
Part III.
.
P.D.
v
Part III.
8,
CO-OPERATIVE BANKS
Organized and Commenced Business.
Feb. 10, 1926.
Millbury Co-operative Bank, Millbury.
Voluntary Liquidation.
Shawsheen Co-operative Bank, Andover.
Additional Locations authorized during the Year for the Collection of
Provisions of G. L., Chap. 170, sec. 11.
Number
Number
of
Money under
banks
6
43
approved
banks having branches
of locations
.114
Total number of
Total number of branches
Permits issued
Number
to
borrow
241
Money under
issued, 281, to 116 banks.
Provisions of G. L., Chap. 170,
sec. 16.
Total amount authorized, $8,134,500.
Legislation enacted.
Providing for the election of such officers as are necessary but not
provided for by statute; also, permitting a co-operative bank having assets
Chap. 150.
in excess of five
milHon dollars to have additional assistant treasurers.
Special Act authorizing Investment of an Additional
for Banking Purposes.
Chap.
47.
Springfield Co-operative
Sum
of
Money
in Real Estate
Bank, Springfield.
STATEMENTS EELATING TO CO-OPEEATIVE BANKS
INDEX
STATEMENT
NUMBER
1
2.
.........
......
..............
.....
.............
.............
..............
.......
.....
............
....
............
.........
.......
Aggregate statement of condition of all banks
Comparative profit and loss statements for the
4.
Matured shares
Receipts and disbursements
5.
Operating expenses
3.
for the year
last three
years
ending October 30, 1926
6. Statistics of business
7.
Comparative exhibit
of
8.
9.
each year
of interest rates
PAGE
yi
vii
yii
viii
viii
ix
from 1916 to 1926 on outstanding loans on October 31
Comparative exhibit of dividend rates from 1915 to 1926
Rates of interest on real estate and share loans October 30, 1926
Real estate by foreclosure
Real estate by foreclosure and common-form mortgages, 1S90 to 1926
10.
11.
12. Classification of shareholders
13. Statement of shares matured since last report
14. Principal assets of banks from 1879 to 1926, inclusive
15. Principal liabilities of banks from 1879 to 1926, inclusive
.
.
.
.
.
.
.
.
x
x
xi
xii
xiii
xiii
siv
xxiv
xxvi
P.D.
STATEMENT
No.
8,
Part III.
1
Aggregate Statement of Condition of All Co-operative Banks
P.D.
8,
Part III.
vii
STATEMENT
No. 2
Comparative Profit and Loss Statements for the Last Three Years
1926
Gross Income
.
Fines
Withdrawal
1,834 14
29,349 65
72,074 14
22,889 43
73,161 42
96
06
95
49
87
1,735 27
25,373 06
96,017 68
$24,158,372 16
$20,624,354 50
$17,472,526 34
29
23
92
04
$1,318,2.53 00
$22,231,823 19
$18,940,212 02
$16,013,142 08
$4,181,667 48
1,275,287 93
14,868,175 24
$2,931,620 24
1,025,764 59
13,373,025 05
$1,997,350 56
803,369 57
11,929,135 37
$1,906,692 54
$1,609,802 14
$1,283,286 58
$1,030,023 01
876,669 53
$875,496 82
734,305 32
$718,382 72
564,903 86
$23,246,761
87,777
494,767
225,806
Interest
Premiums
profits
79
89
72
83
$19,826,203
80,878
402,322
217,064
58
34
24
81
Forfeiture profits
Transfer fees
Security committee
Miscellaneous
....
1,834 68
$16,741,147
69,987
331,239
204,462
2,562
Deductions
Current expenses
Permanent expense
Interest
on retired and matured shares
Miscellaneous
Net income
...
.
.....
.
.
Distribution of Earnings
Dividends on matured share certificates
Dividends on paid-up shares
Profits credited to shares
Balance
Of which
:
—
.....
....
Transferred to guaranty fund
Transferred to surplus
$1,684,202
66,004
18,562
157,779
STATEMENT
88
60
26
23
No. 3
Matured Shares
$1,507,141
54,292
23,237
99,471
50,294 53
13,157 62
77,679 11
P.D.
viii
STATEMENT
Part III.
No. 4
Receipts and Disbuesements for the Year ending October
Receipts
8,
30, 1926
P.D.
8,
Part III.
STATEMENT
No. 6
Statistics op Business
P.D.
STATEMENT
8,
Part III.
No. 7
Comparative Exhibit of Interest Rates from 1916 to 1926 on Outstanding
Loans on October 31 of Each Year
Percentage op Total Loans
Amount
of
Loans
Oct. 30, 1926
At 5 per cent
Between 5 and 6 per
cent
At 6 per cent
Between 6 and 6Vio
per cent
At 6'Vio per cent (5
cents premium)
Between 6Vio and 7
per cent
At 7 per cent
Between 7 and 8 per
cent
At 8 per cent
At more than S per
cent
.
.
.
.
.
.
1926 1S25
1924 1923 1922 1921 1920 1919 1918 1917 1916
1
7.55 10.16 13.53
$3,792,100 00
20.67
21,076,828 00 5.13 6.87 9.45 12.91 18.12 24.08 .30.70 36.30 40.19 40.53 40.40
263,755,009 35 64.25 65.04 63.97 62.58 58.58 52.73 48.11 40.92 33.87 29.96 29.00
2,163,980 00
31,191,648 00
.63
.57
.64
77,495,559 80 18.88 15.97 13.89
10,448,943 70 2.55 2.76 2.73
178,295 OOl
93,100 00
321,095 00
1.05
1.08
.68
.76
.72
.66
.65
.75
7.60 7.19 6.92 6.84 6.80 7.00 7.06 6.95 7.04 7.12 7.15
9,20 6.01 3.62
3.80 3.76 3.49
1.86
1.29
.17
.96
.05
1.00
.54
.21
.15
.32
.38
.31
.06
.02
.03
.01
.06
.02
.05
.13
.02
.01
.07
.04
.04
.02
.07
.07
STATEMENT
.05
.38
.08
.01
.01
No. 8
Comparative Exhibit of Dividend Rates on Serial Shares from 1915 to
1926
RATE
P.D.
8,
Part III.
xi
Comparative Exhibit of Dividend Rates on Serial Shares from 1915 to
192Q
rate
— Concluded
P.D.
STATEMENT
8,
Part III.
No. 10
Real Estate by Foreclosuee
Princi'pal
Balance as shown in statement of October, 1925, 52 estates
Acquired during the year ending October, 1926,
300 estates:
$1,115,300 00
Total loans eliminated by foreclosure
55,450 58
Interest and fines due at date of foreclosure
10,952 97
Taxes, insurance, etc., paid to date of foreclosure
32,083 71
Legal and other expenses to date of foreclosure
$178,336 86
.
.
Value
of shares credited to
$1,213,787 26
101,801 69
account
[,111,985 57
[,290,322 43
Received for 266 estates sold during year
Profits on estates sold during year
,384 83
44,053 43
,331 40
Losses on estates sold during year
Amounts charged off during year to cover depreciation or prospective loss
....
9,134 24
3,623 13
962,088 77
$328,233 66
Income and Expense
Rents, etc., received since October, 1925
Expenses and taxes paid since October, 1925
Net
deficit for
This net
$12,447 94
the year
deficit
was disposed
to profit and loss
Deficit charged to profit and loss
Income credited
Income applied
value
.
to reducing
.
.
.
Deficit applied to increasing
value
$7,610 55
20,058 49
....
....
of as follows:
book
.
.
$4,371 55
book
16,819 49
12,447 94
12,447 94
$12,447 94
Balance as shown in statement of October 30, 1926 (86 estates
assessed at $275,645)
$340,681 60
P.D.
8,
Part III.
xiii
STATEMENT
No.
11
Real Estate by Foeeclosure and Common-form Mortgages,
1890 to 1926
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xxm
XXIV
P.D.
8,
Part III.
STATEMENT
Principal Assets of Co-operative
YEAR
P.D.
8,
XXV
Part III.
No. 14
Banks from 1879 to
Real Estate
by
Foreclosure
1926, inclusive
XXVI
P.D.
8,
Part III.
STATEMENT
Peincipal Liabilities of Co-opeeative
YEAR
P.D.
8,
XXVll
Part III.
No. 15
Banks from 1879 to
1926, inclusive
ABSTRACT OF ANNUAL REPORTS OF THE CO-OPERATIVE
BANKS SHOWING THEIR CONDITION AT CLOSE OF
BUSINESS OCTOBER,
1926.
ABINGTON — NORTH ABINGTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 216 Union Street, Rockland, American Trust
Company, Boston, Abington National Bank)
Incorporated March 23, 1888.
Began business April
4,
William C. Brett, President
1888
Geo. D. Witherell, Treasurer
Directors: A. W. Ames, H.
A. L. Merrill, E. H. Naylor, G.
Board of
W.
W.
Belcher, W. C. Brett, A. N. Calkins, W. C. Oilman, J. M. Hayes,*
Orcutt, J. A. Radcliffe*, A. I. Randall, A. B. Reed, F. E. Shaw*,
C. N. Tanner, G. D. Witherell.
Regular meetings for receipt of moneys the
Wednesday
first
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
6,
....
Assets
1926
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid fines
Temporary expense account
Insurance and taxes paid
Cash
$1,434,750 00
34,200 00
200 00
2,200 00
20,223 63
386 20
379 38
379 19
19,990 83
....
.....
Dues capital
Profits capital
$911,799
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
.
....
....
....
.
Guaranty fund
Surplus
Interest
Premiums
Transfer fees
Bills payable for
money borrowed
Due on uncompleted loans
Security committee
$1,512,709 23
....
....
....
.....
....
Forfeited during year
Matured during year
.
.
.
.
....
—
Membership
Shares
Issued during year
Withdrawn during year
4,40,j
2,308
50
647
Shares in force
19,252
Shares now pledged
8,446
Matured shares represented by certificates
1 ,004
Paid-up shares represented by certificates
471
New series issued in January, April, July, October.
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
Matured share certificate?
Paid-up share
certificates
Profits Distributed
Unmatured Shares
First term,
1H%;
second term, lJ-^%; third term,
l)i%; fourth term, l}47oMatured and Paid-up Share
First term, l}4,%;
1M%;
second term,
fourth term,
1%%.
Certificates
1M%;
third term,
P.D.
Part IIL
8,
ADAMS — ADAMS CO-OPERATIVE BANK
Incorporated December 17, 1895.
Began business March
10,
1896
Frank Hanlon, Treasurer
Fred R. Shaw, President
Board of Directors: W. T. Adams, E. H. Arnold, R. C. Bnntin, J. J. Carney*, A. M. Daniels, Hector Desautels,
A. E. Green, S. L. A. HaU*, Frank Hanlon, A. W. Jones, Henry Kaiser, C. J. Menard, W. S. Morton,
D. A. Murphy, F. R. Shaw, F. W. Smith, P. P. Smith*, P. J. Vrabel.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1926
13,
Liabilities
Loans on real estate
Loans on shares
Dues capital
Profits capital
$900,680 00
31,730 00
25,000 00
Certificate of deposit
Cash
$731,965
138,873
53,200
21,569
28,307
2,000
.
Matured share
Guaranty fund
19,902 15
certificates
Surplus
Due on uncompleted
loans
....
Dividends on matured share
cates
1,396 50
Membership
....
.....
....
.
.
60
00
$977,312 15
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.
.
73
00
32
certifi-
$977,312 15
.
00
Members
Members who
2,770
1,742
348
Holders
of:
1,291
— are borrowers
408
....
...
.
.
.
Unmatured shares
Matured share certificates
14,574
5,000
266
1,284
48
Profits Distributed
Unmatured Shares
First term, 2"}i%; second term,
Matured Share
2%%.
Certificates
First term, 2}-^%; second term,
2%%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
5M%,
S5Sreoies<a«e/oans (average, $2,665 each; average rate 5.96%): 5%, .S17,925;
74 share loans (average, $429 each; average rate, 6%): 6%, $31,730.
$24,665;
6%,
$858,090.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$2,650.02
2.71
$225 00
$112.42
Other
Expenses
$575.67
Total
$3,563.11
.11
.59
3.64
.
AMESBURY — AMESBURY CO-OPERATIVE BANK
Incorporated April
W. Hawkes,
William
10, 1886.
Began business
May
1,
1886
John Gibbons,
President.
Board of Directors: R. E. Briggs*, G. E.
Collins,
John Gibbons, W. W. Hawkes*, Charles
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real e.state
Loans on shares
Unpaid interest
Cash
.
Treasurer-
Sohofield"'.
4,
1926
Liabilities
$766,200 00
19,530 00
1,929 23
25,977 09
Dues capital
Profits capital
.
Guaranty fund
Surplus
Due on uncompleted
$813,636 32
* Security Committee.
loans
$619,842 00
165,015 18
11,937 59
7,641 55
9,200 00
$813,636 32
P.D.
8,
Part III.
Shares
P.D.
4
8,
Part III.
Rates and Averages on Loans
631 real estate loans (.average, $3,853 each; average rate, 6.44%): 5%, $9,750; 5^%, $3,400;
63^%, $2,161,700.
83 share loans (average, $500 each; average rate, 6.49%); 6%, $650; 6J-^%, $40,877.
3 loans on matured share certificates: 6}/^%, $950.
2 loans on paid-up share certificates: 63^%, $800.
Total Expenses
Amount
paid for
Cost per $1,000
of assets
6%, $256,200;
P.D.
8,
Part III.
5
ATTLEBORO — ATTLEBOROUGH CO-OPERATIVE BANK
Incorporated July 18, 1892.
Began business August
Solomon B. Jacobs, President
17,
1892
Herbert F. Conant, Treasurer
Board of Directors: M. F. Ashley*, A. N. Brownell, I. H. Bruce, H. E. Carpenter, T. E. Fuller, E. D. Gilmore,
S. B. Jacobs*, Joseph Kerkhoff, J. B. Moulton, E. A. Remington, F. L. Torrey*, R. L. Torrey.
Regular meetings for the receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Unpaid interest
Unpaid fines
Loans
Loans
Loans
Loans
20,
1926
Liabilities
$529,802
11,732
8,125
2,600
5,340
.
Temporary expense account
Insurance and taxes paid
Cash
....
00
00
00
00
00
Dues capital
Profits capital
$250,427
50,671
180,400
51,600
9,790
7,104
10,747
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
1,737 69
Surplus
84 76
920 53
135 34
12,512 87
Interest
Fines
Withdrawal
Bills
......
—
Membership
1,350
428
156
5,474
3,649
902
258
Members
Members who
Holders
of:
are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share
.
certificates
Profits Distributed
Unmatured Shares
First term,
2%%;
second term,
2M%-
Matured and Paid-up Share
Fir.st
Rates and Averages on Loans
308 real estate loans (average, .Sl,720 each; average rate, 6%): 6%, $529,802.
48 share loans (average, $244 each; average rate, 6%): 6%, $11,732.
9 loans on matured share certificates: 6%, $8,125.
3 loans on paid-up share certificates: 6%, $2,600.
Total Expenses for Year
Salaries
$1,466.65
2.56
'
Certificates
term, 2>'2%; second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, 25%.
.
16
79
06
$572,990 19
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 January, July.
paid for
Cost per $1,000 of assets
69
141 58
107 91
12,000 00
profits
payable for money borrowed
$572,990 19
Amount
00
00
00
696
287
519
196
43
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
4,
Assets
Loans on real estate
Loana on shares
Loans on matured share
certificates
Temporary expense account
Cash
Part III.
1926
Liabilities
$170,800 00
3,635 00
400 00
93 50
5,770 94
Dues capital
Profits capital
$111,943 00
22,125 25
37,200 00
1,000 00
30 00
1,532 56
702 56
1,758 30
62 82
75
44 20
2,000 00
2,300 00
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
»180,699 44
$180,699 44
Membership
Shares
512
267
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
10
179
2,470
Shares now pledged
1,060
Matured shares represented by certificates
Paid-up shares rei)resented by certificates
New series issued in March, September.
Members
Members who
Holders
are borrowers
....
...
of:
Unmatured shares
Matured share certificates
Paid-up share
.
.
.
...
certificates
186
264
105
251
28
2
Profits Distributed
5
Umnatured Shares
First term,
3%; second
term,
Matured Share
First term,
2M%;
3%.
Certificates
second term,
2^%-
Paid-up Share Certificates
First term, 2}4%; second term, 2^%Proportion of profits retained on voluntary withdrawals,
none.
90
25%
on
series less
than 7 years old; after 7 yeara,
Rates and Averages on Loans
average rate, 6%): 6%, $170,800.
(average, $242 each; average rate, 6%): 6%, $3,635.
real estate loans (average, $1,897 each;
15 share loans
1 loan on matured share
certificates:
6%,
$400.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$322 50
.
Rent
Advertising
P.D.
8,
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.
600
489
4
Members
Members who
.
416
.
.
189
Unmatured shares
Matured share certificates
388
Holders
112
3,245
1,509
100
149
.
.
are borrowers
of:
—
....
Paid-up share
19
28
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
Certificates
2yi%; second term, 2J^%.
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
UA29 each; average rate, 6.29%): 6%,, $109,000; 63^%, $153,900.
15 share loans (average, $217 each; average rate, 6.26%): 6%, $1,550; 6>^%, $1,700.
184- real estate loans {average,
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
$750.00
2.71
$150.00
.54
$95.00
Other
Expenses
$259.61
Total
$1,254.61
.34
.96
4.55
Advertising
BARNSTABLE — HYANNIS CO-OPERATIVE BANK
Incorporated
Thomas
March
11, 1925.
Began business April
IS,
1925
Carl B. Mayo, Treasurer
Otis, President
Directors: Louis Arenovski*, J. R. Baxter, Chester Bearse, J. C. Bearse, R. H. Bodman, E. S. Bradford*, M. G. Bradford*, John Burslev, C. M. Chase, E. T. Chase, W. B. Chase* M. H. Crocker, W. I.
FuUer*, E. C. Hinckley, J. E. Hincklev*, J. A. Holwav, J. M. Leonard, E. W. Lovell, E. F. Maher, C. B.
Mayo, P. T. Morin, J. A. Nickerson, 2d, Thomas Otis*, J. G. Sears, F. G. Thacher.
Board of
Regular meetings for receipt of moneys the
thii'd
Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
16,
192S
P.D.
8,
Part III.
Rates and Averages on Loans
26 real estate loans (average, $2,924 each; average rate, 7%): 7%, $76,025.
4 share loans (average, $171 each; average rate, 7%): 7%, $684.
Total Expenses for Year
Salaries
Amount
paid for
Rent
Advertising
$164.5.5
.
1.87
Cost per $1,000 of assets
Other
Expenses
.S386.61
4 39
Total
.$551,16
6 26
.
.
BELMONT — WAVERLEY CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 53 State Street, Boston, 261 Belmont Street,
and 102 Trapelo Road, Belmont)
Incorporated April
4,
1896.
Began business April
13,
1S96
Irving F. Munroe, Treasurer
John P. BTSLdhnry, President
Board of Directors: Samuel Alcock*, W. F. Beetle, J. P. Bradbury, A. E. Corbett, J. W. Flett, G. O. Gustin,
F. H. Kendall, J. R. Logan*, G. S. Lovejoy, I. F. Munroe, F. E. Poor*, A. L. Taylor, G. L. Weymouth,
A. D. Whitcomb, U. S. Young.
Regular meetings for receipt
of
moneys the second Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
11,
1926
P.D.
Part III.
8,
9
BEVERLY — BEVERLY CO-OPERATIVE BANK
Incorporated August 25, ISSS.
Began business September
1888
18,
George P. Brown, President
Charles F. Lee, Treasurer
Harrie L. Ober, Assistant Treasurer
Board of
Lee,
H.
Brown*, Samuel Cole, F. I. Cressey, J. H. Girdler*, J. F. Hill, C. F.
C. E. Ober, H. L. Ober, R. P. Pope, John Prince, L. P. Stanton, E. S. Webber*,
F. E. Alger, G. P.
Directors:
Thomas Lund,
W. Woodberry.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
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
.
.
1926
19,
Liabilities
.
....
.....
$2,975,450
62,750
14,270
2,070
170
16,300
00
00
00
00
Dues capital
Profits capital
302,403
645,600
298,400
9
51,424
49,033
21,940
3
227
75,000
9,000
certificates
share certificates
Paid-up
17
Forfeited share account
00
Guaranty fund
1,081 91
Surplus
44,888 02
Interest
Transfer fees
Withdrawal
00
.'$1,663,938
.
Matured share
profits
payable for money borrowed
Due on uncompleted loans
Bills
$3,116,980 10
71
00
00
00
11
18
92
25
93
00
00
$3,116,980 10
....
—
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.
8,331
4,549
24
657
37,618
17,240
3,228
Members
Members who
are borrowers
3,564
1,152
Unmatured shares
Matured share certificates
3,151
Holders
of:
Paid-up share
1,492
539
287
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
2J^%; second term, 2J-^%.
second term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25% on
series less
Rates and Averages on Loans
947 real estate loans (average, $3,142 each; average rate, 5.98%): aY2%,
202 share loans (average, $311 each; average rate, 6%): 6%, $62,750.
Certificates
2M%-
Certificates
than 4 years old; after 4 years,
131,000;
6%,
$2,844,4,50.
14 loans on matured share certificates: 6%, $14,270.
6 loans on paid-up share certificates: 6%, $2,070.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$6,163.83
1.98
$1,936.50
$97 55
.62
.03
Other
Expenses
Advertising
$5,289 99
1.70
.
.
Total
$13,487.87
4.33
BOSTON — ANDREW SQUARE CO-OPERATIVE BANK
632
DORCHESTER AVENUE (SOUTH BOSTON DISTRICT)
Incorporated January 23, 1919.
Stanley
W.
Began business April
Wisnioski, President
1,
1919
Chester F. Dlugokecki, Treasurer
Board of Directors: John Borkowski, Stefan Blaszkiewicz, John Ciskowski*, C. F. Dlugokecki, Roman Kalnicki,
John Kordaszewski, Michael Lisowski, Anthony Nadolny, Wincenty Skonieczny, Alexander Stelak, John
Stemplewski*, Hipolit Warshewski, S. W. Wisnioski, Joseph Wojdenski, Ludwik Zawalich*, Stanley
Zdonek, H. J. Ziolkowski.
Regular meetings for receipt of moneys the third
* Security Committee.
Monday
of each
month.
P.D.
10
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
18,
Part III.
1926
P.D.
8,
Part III.
Shares
P.D.
12
Part III.
8,
Rates and Averages on Loans
6i^%, S107,000; 7%, $32,350.
estate loans (^avevage, %5,165 each; average rate, 6.34%): 6%, $113,750;
^1 share loans (average, $331 each; average rate, 6.15%); 6%, S4,979; 634%, $1,820; 7%,, $160.
49 real
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,032.00
353.04
1.26
$155.18
Other
Expenses
$1,112.98
3.97
.55
Total
$2,653.20
9.46
BOSTON — BELLEVUE CO-OPERATIVE BANK
1882
CENTRE STREET (WEST ROXBURY DISTRICT)
(Other authorized locations for receipt of moneys: Roslindale Branch of First National
Boston and Citizens National Bank of Boston)
Bank
of
business January 17, 1921
Incorporated December 15, 1920.
Edward Fruh,
Harold R. Duffie, President
Treasurer
E. Aitken, L. S. Breed, T. P. Buckley, A. W. Clark, J. H. Dearborn, L. J. Dickey, S.
W. C. Downey, H. R. Duffie, 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, J. H. Mulhern, F. H. Newton, R. O.
Pacht. P. S. Peters, F. T. Towle, H. C. Towne, I. H. Ward, J. A. Whittemore, Jr., G. S. WilUams, R. G.
Wilson, Jr.
Regular meetings for receipt of moneys the third Monday of each month.
Board of Directors:
J.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
18,
$311,400 00
6,185 00
38 06
7,899 24
Loans on real estate
Loans on shares
Temporary expense account
Cash
Dues
$257,491
29,302
30,200
244
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Interest
.
.
.
.....
—
Membership
Shares
.....
00
00
$325,522 30
$325,522 30
....
67
59 28
48 59
2,250 00
15 00
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
2,347
Issued during year
1,321
.
Withdrawn during year
7,780
Shares in force
1,861
Shares now pledged
151
Paid-up shares reijresented by certificates
New series issued in January, April, July, October.
00
1,958 47
2,305 01
1,648 28
Guaranty fund
Surplus
.
1926
Liabilities
Assets
Members
Members who
Holders
of:
615
83
are borrowers
Unmatured shares
.
Paid-up share
607
27
certificates
Profits Distributed
Unmatured Shares
First term,
1M%;
second term,
1?^%; fourth term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
64
«S
20% on
series less
than 5 years
Rates and Averages on Loans
average rate, 6%): 6%,, $311,400.
real estate loans (average, $4,866 each;
sfcore
foons (average, $269 each; average rate, 6.17%):
6%,
$5,135;
Total Expenses for Year
Amount
paid for
.
Coat per $1,000 of assets
7%,
third term,
Certificates
l}i%; second term,
fourth term, 1M%-
First term,
1H%;
l%e%;
1%%.
$l,OoO.
1M%;
old;
third term,
after 5 years,
P.D.
8,
Part III.
13
BOSTON
— BOSTON
53
CO-OPERATIVE BANK
STATE STREET
(Other authorized location for the receipt of moneys:
Incorporated April 30,
Albert
Goodman,
Franklin Street, Melrose Highlands)
541
Began business
18.S8.
May
2,
188S
Herbert F. Taylor,
President
Jr.,
Treasurer
Irene C. Nilson, Assistant Treasurer
Board of Directors: R. I. Carney*, L. W. Chandler, W. E. Cunningham*, H. B. Estabrook, Albert Goodman,
H. H. Hill, J. R. Hope, F. J. Howell, C. H. Johnson*, W. L. Kelt, H. F. Taylor, Jr.*, John Tein.
Regular meetings for the receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Insurance and taxes paid
Overs and shorts
....
1926
Liabilities
$6,445,300
84,840
8,100
2,195
21,229
00
00
00
Dues
19
Paid-up
capital
Profits capital
$2,874,198
630,627
2,534,000
185,800
Matured share
certificates
share certificates
85
Forfeited share account
1,294 38
586 16
Matured share account
Guaranty fund
56 84
25,000 00
352,268 79
.....
Certificate of deposit
Cash
4,
....
Assets
413
.
1,001
....
....
....
.
84,925
55,472
400,000
135,045
Surplus
payable for
money borrowed
Due on uncompleted loans
Bills
Personal accounts
cates
Dividends on paid-up share
cates
638
.
Dividends on matured share
00
84
00
00
46
35
60
23
00
00
98
certifi-
36,426 25
certifi-
2,322 50
$6,940,871 21
$6,940,871 21
....
....
....
....
....
—
Membership
Shares
Members
Members who
Issued during year
27,590
Withdrawn during year
15,062
Matured during year
5,935
Shares in force
70,728
Shares now pledged
37,747
Matured shares represented by certificates
12,670
929
Paid-up shares represented by certificates
New series issued in February, May, August, No-
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
6,414
1,408
4,539
1,738
127
certificates
Profits Distributed
Unmatured Shares and Matured. Share
vember.
First term,
iyi6%; second term,
iyia%; fourth term, VAe^o-
Certificates
l'5.i(j%;
third term,
Paid-up Share Certificates
1M%; second term, 1J4%; third term,
fourth term, 1M%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,S19 real estate loans (average, $5,287 each; average rate, 6.10%): 5%, $120,000; oli%, $17,500; 5Vo%,
$26,800; 5M%, $17,500; 6%, $4,660,575; 614%, $141,000; 6M%, $1,429,525; 6^%, $32,400.
176 s/ioreZoaras (average, $482 each; average rate, 6.14%): 5%, .$90; 5H%,$S20; 514%, $40; 6%, $61,650;
6?-^%, $15,280; 6?^%, $1,990; 7%, $2,460; 7M%, $1,180; 7}^%, S140; 7^%. S90; 8%, $1,580;
9%,
$20.
IS loans on matured share
certificates:
6%,
$6,820; C^}4%, $1,280.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$14,898..38
$4,161.84
Advertising
$351.91
Other
Expenses
$8,956 63
.
1.29
* Security
Committee.
Total
$28,368.76
4.09
P.D.
14
BOSTON — BRIGHTON
Part III.
8,
CO-OPERATIVE BANK
BRIGHTON AVENUE (ALLSTON DISTRICT)
157
(Other authorized locations for receipt of moneys: 341 and 581 Washington Street, Brighton)
Incorporated
May
May
Began business
17, 1911.
22, 1911
James H. Dalton, Treasurer
James T. Knowles, President
Board of Directors: Joseph Abbott, H. W. Askenasy, J. H. Dalton, J. H. Fitzpatrick, W. S. Fuller, Martin
Hays, J. T. Knowles*, G. H. McDermott, Assad Mudarri, H. K. Newhall, W. H. Parker*, H. S. Rowen,
W. H. Short, P. T. Sprague, D. H. Stewart, H. M. Thompson*, N. S. Waite, D. H. Wells.
Regular meetings
for receipts of
moneys the second Wednesday
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Cash
.
.
.
.....
13,
....
Dues capital
Profits capital
$940,500 00
38,340 00
380 00
360 00
7,265 60
20,812 89
$603,356
98,734
97,800
92,600
286
9,952
9,032
75,000
Matured share
certificates
share certificates
Paid-up
Forfeited share account
....
....
....
.
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Dividends on matured share
oates
Diwlends on paid-up share
catea
18,.530
....
....
....
....
.....
....
Forfeited during year
Matured during year
00
63
15
19
00
00
1,171 68
certifi'
1,195 00
$1,007,658 49
....
—
Membership
Shares
Issued during year
00
84
00
certifi
$1,007,658 49
Withdrawn during year
1926
Liabilities
Members
Members who
5,672
2,842
41
331
16,935
6,185
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Shares in force
Shares now pledged
489
Matured shares represented by certificates
463
Paid-up shares represented by certificates
New series issued in February, May, August, No-
Paid-up share
1.374
305
.
1,213
72
.
89
certificates
Profits Distributed
Unmatured Shares
iyg%; second term, IH%;
lVs%; fourth term, 1?-^%.
vember.
First term,
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25% on
1M%;
second term,
fourth term,
series less
third term,
Certificates
1M%;
third term,
1M%-
than 5 years
old;
after 5 years,
Rates and Averages on Loans
195
175
1
1
$4,823 each; average rate, 6.01%): 6%, $925,600;
6%, $38,340.
.s/iore tooras (average, $219 each; average rate, 6%)
loan on matured share certificates: 6%, $380.
$360.
share
certificates: 6%,
loan on paid-up
real estate loans (average,
7%,
$14,900.
:
Total Expenses for Year
Amount
paid for
Cost per $1 ,000
.
of assets
Salaries
Rent
Advertising
$1,985.00
1.97
$3,125.15
3.10
$523.86
* Security
Committee.
Other
Expenses
$1,926.44
1.87
Total
$7,560.45
7.46
P.D.
8,
Part III.
15
BOSTON
BUSINESS MEN'S CO-OPERATIVE BANK
20 PEMBERTON SQUARE
(Other authorized locations for receipt of moneys: Exchange Trust Company,
and 124 Boylston Street, Boston)
Incorporated July 21, 1920.
Albert S. Apsey, President
Began business September
14,
1
Court Street,
1920
Warren
F.
Freeman, Treasurer
Adams*, A. S. Apsey, G. W. Apsey*, Jacob Bitzer, W. F. Burnham, W. S. Felton,
W. F. Freeman*, W. F. Freeman, Jr.*, W. C. Gray, L. L. Green, J. M. L. Groby,
W.
A. N. Hederstedt, J. G. Hickey, Thomas Jackson, W. H. Keyes*, G. D. Kimball*, F. J. Low*, E. C. Mansfield, J. J. Martin, John McCloskey, E. A. Merriam, Bowen Tufts, John Turner, D. R. Weedon, C. S.
Board of
Directors: C. R.
T. A. Fitzgerald,
Whittier, F. F. Whittier.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13,
1926
•
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
6,
16
Assets
Bonds and notes
Loans on real estate
Loans on shares
certificates
.....
Temporary expense account
Cash
1926
Liabilities
Dues capital
Profits capital
.1550 00
360,750 00
11,235 00
Loans on paid-up share
Part III.
Paid-up
295 00
147 25
14,617 22
Forfeited share account
Guaranty fund
Surplus
17,159 18
3,885 12
191 31
40 13
15 00
Fines
Withdrawal profits
Security committee
$387,594 47
$387,594 47
......
—
Membership
Shares
j
Issued during year
53
00
00
85
5,438 35
certificates
share certificates
Interest
955
Members
Members who
149
Holders
,150
Withdrawn during year
Matured during year
00
$267,840
44,848
20,000
27,400
776
.
Matured share
Shares in force
,290
Shares now pledged
,906
Matured shares represented by certificates
100
1.37
Paid-up shares represented by certificates
New series issued in March, June, September December.
I
'
!
of:
are borrowers
....
...
.
Unmatured shares
Matured share certificates
Paid-up share
.
.
...
certificates
616
167
587
19
28
Profits Distributed
Unmatured Shares
1M%; second term, 1^4%', third term,
fourth term, 1J^%.
First term,
1M%;
Matured Share Certificates
Second term, 23^%; third term, 1 14%; fourth term,
Paid-up Share
Second term,
2^%;
Certificates
third term, 114,%; fourth term.
Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 15% on series from
4 to 5 years old; 10% on series from 5 to 6 years old; 5% on series from 6 to 7 years old; after 7 years, none.
Rates and Averages on Loans
$2,540 each; average rate, 6.45%); 6%, $35,850; 6>^%, $324,900.
3S share loans (average, $295 each; average rate, 6.50%): 6J^%, $11,235.
5 loans on paid-up share certificates: 63^%, $295.
i.^2 reo? esiafe ?oa»s (average,
Total Expenses for Year
Amount
paid for
Cost per $1,000
Salaries
Rent
Advertising
$948 50
2.45
$132.00
$51.00
.34
.13
.
.
of assets
Other
Expenses
$403.49
1.04
Total
$1,5.34.99
3.96
BOSTON — CODMAN CO-OPERATIVE BANK
WASHINGTON STREET (DORCHESTER DISTRICT)
563
(Other authorized locations for receipt of moneys: First National Bank, 1436 Dorchester Avenue,
and 555 Columbia Road, Dorchester)
Incorporated June 15, 1920.
Henry
S.
Began business June
16,
1920
Thomas
Clark, President
Leavitt, Treasurer
of Directors: J. A. Anderson, T. H. Bilodeau, W. J. Buckner, F. L. Brier, H. S. Clark*, T. E. Gushing,
A. H. Davison, H. M. Drown*, H. E. Eichel, R. C. Foster, William Jardine, Thomas Leavitt, H. D.
MacRichie, J. C. McGee, R. J. McNulty, J. F. Murray, C. H. Pike*, Charles Shulman, B. L. Walker,
Board
F.
M. Weymouth.
Regular meetings for receipt of moneys the third Wednesday of each month.
* Security Committee.
P.D.
8,
17
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Permanent expense account
....
Temporary expense account
Cash
1926
20,
Liabilities
Dues
355,350 00
7,451 00
.
Paid-up share
200 00
195 87
13
00
40
2,352 38
certificates
Forfeited share account
Guaranty fund
11,811 03
00
$282,265
32,409
37,000
790
capital
Profits capital
5,501 01
3,879 72
Surplus
Interest
76 22
75
150 79
10,000 00
500 00
82 50
Fines
Transfer fees
Withdrawal
profits
Bills payable for money
Due on uncompleted
borrowed
loans
Security committee
$375.007 90
$375,007 90
Membership
Shares
Members
Members who
2,120
Issued during year
1,412
Withdrawn during year
178
year
during
Forfeited
8,190
Shares in force
2,150
Shares now pledged
185
Paid up shares represented by certificates
New series issued in March, June, Septe nber, December.
Holders
of:
— are borrowers
Paid-up share
783
118
....
...
Unmatured shares
.
.
.
757
41
certificates
Profits Distributed
Unmatured Shares
1M%; second term, 1%%; third term,
fourth term, 1^-8%.
First term,
1^%;
Paid-up Share
Certificates
1M%; second term,
fourth term, 1M%-
1M%;
third term,
Other
Expenses
$601.68
1.60
Total
$2,975.40
7.93
First term,
1^%;
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
93 real estate loans (average, $3,820 each; average rate, 6.50%): 63^%, $355,350.
25 share loans [avevage, $298 each; average rate, 6.60%) 6H%), $5,841; 7%, $1,610.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
$1,742.32
4.65
$560.65
1.49
Advertising
$70 75
.
.19
BOSTON — CONGRESS CO-OPERATIVE BANK
10
Incorporated August
4,
STATE STREET
1924.
Began business August
11,
1924
Arnold
Philip L. Carret, President
S. Potter,
Treasurer
Gilbert King, Assista7it Treasurer
Board of Directors: W. B. Alexander, David Black, Allan Brooks, P. L. Carret, J. W. Cooke, Zenas Crocker, Jr.,
J. F. Crowley, G. R. Ericson, William Everett, G. W. Foster*, E. F. Gray, W. H. Haker, C. A. Holcomb,
William Ittman, Gilbert King, L. E. Knox, T. F. Lyons, R. A. Pease, N. E. Peterson*, A. S. Potter, James
Reid, Jr., R. M. Sanders, A. J. C. Underhill, D. C. White, Jr.*.
Regular meetings for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Cash
....
....
....
13,
1926
Liabilities
Assets
$198,900 00
8,384 00
6,730 72
Dues
capital
Profits capital
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for money borrowed
Due on uncompleted loans
Dividends on paid-up share certifi.
cates
$214,014 72
* Security Committee.
$163,569
9,355
20,400
349
678
00
63
00
00
82
1,084 52
15,000 00
3,322 75
255 00
$214,014 72
P.D.
18
Shares
8,
Part III.
P.D.
8,
Part III.
19
Rates and Averages on Loans
(average, $3,075 each; average rate, 5.94%): 5>^%, $90,950; 6%, $1,574,820.
545 real estate loans
70 s/tore toons (average, $472 each; average rate, 6%)
3 loans on matured share certificates: 6%, $1,400.
3 loans on paid-up share certificates: 6%, $1,800.
:
6%,
$33,017.
Total Expenses for Year
Rent
Salaries
Amount
$7,855.80
paid for
Cost per $1,000 of assets
.
$305.88
Other
Expenses
$1,740.28
.17
.98
Advertising
$750.00
4.42
Total
$10,651.96
5.99
BOSTON — DUDLEY CO-OPERATIVE BANK
53
WARREN STREET (ROXBURY
DISTRICT)
(Other authorized locations for the receipt of moneys: 50 Congress Street, Boston, and 1050 Dorchester Avenue, Dorchester)
Incorporated
March
29, 1922.
Began business
April 10, 1922
C. Joseph Connell, President
.John
C
L. Dowling, Treasurer
Board of Directors: J. B. Cassidy, D. A. Cohen, R. V. Coleman*, C. J. Connell, T. J. Cudmore, J. C. L. Dowling*,
V. A. Heath, Percy Loring*, J. D. Lucas, S. C. :McIntire*, F. J. Nash, P. N. Petrocelli, A. J. Post, D. F.
Sennott*, F. F. Vogel.
Regular monthly meeting for receipt of moneys second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
....
Other assets
Cash
.
11,
192G
Liabilities
$247,300 00
12,228 00
995 00
148 .54
142 50
9,058 37
Dues
$209,556 00
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
Personal accounts
.
Other liabilities
Dividends on paid-up share
cates
Overs and shorts
Paid-up share suspense
$269,872 41
certifi-
PD.
20
Part III.
8,
BOSTON — EDWARD EVERETT CO-OPERATIVE BANK
699
COLUMBIA ROAD (DORCHESTER DISTRICT)
(Other authorized location for receipt of moneys: 723 Dudley Street, Dorchester)
Incorporated August 11, 1916.
Began business September
14,
1916
Joseph H. Liverman, Treasurer
George V. Wattendorf, President
Board of Directors: J. D. Diggin, N. C. Fielding, J. A. Flynn, P. C. Frisbie, P. F. Gallahue*, Maurice Garfink,
J. H. Liverman, T. J. Mahoney, T. A. McCarthy, J. J. McGrail, M. J. Norton*, W. L. Norton*, C. H.
O'Connor, F. M. Wattendorf, G. V. Wattendorf*, J. A. Williamson*.
Regular meetings
for receipt of
moneys the second Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
14,
Assets
S23 1,400 00
12,695 00
113 00
4,859 06
Loans on real estate
Loans on shares
....
Temporary expense account
Cash
Dues
$175,536
29,832
25,600
142
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
2,737
5,045
2,518
Surplus
Interest
Fines
Withdrawal
Bills
profits
payable for money borrowed
....
....
.
.
.
12
00
00
55
64
58
46
77
77 71
7,500 00
....
—
Membership
Shares
1,056
Issued during year
996
Withdrawn during year
4,441
Shares in force
1,493
Shares now pledged
128
Paid-up shares represented by certificates
New series issued in March, June, September, December.
00
$249,067 06
$249,067 06
.
1926
Liabilities
Members
Members who
Holders
of:
are borrowers
397
95
.
Unmatured shares
Paid-up share
385
24
certificates
Profits Distributed
Unmatured Shares
First term,
1^%;
second term,
1H%;
third term,
13^%; fourth term, 15^%.
Paid-up Share Certificates
1M%; second term, 1M%; third term,
fourth term, 1M%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, 25% on series
none.
less
than 6 years old; after 6 years,
Rates and Averages on Loans
63
SS
real estate lomis (aveTUge, S3,e,73 each;
sfea7-ei!oa7is
average rate, 6.71%):
(average, $397 each; average rate, 5.98%):
6%,
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
$65,400;
7%,
$166,000.
5)^%, $450; 6%, $12,245.
P.D.
8,
21
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Xoans on real estate
Loans on shares
Temporary expense account
Insurance and taxes paid
Cash
....
20,
Dues
,925,300 00
100,000 00
1,136 49
$1,642,128 00
385,611 25
730 10
41,000 00
25,648 93
11,604 77
301 88
capital
Profits capital
.
Forfeited share account
Guaranty fund
320 97
85,390 02
Surplus
Interest
Fines
Transfer fees
2 00
703 97
Withdrawal profits
Due on uncompleted loans
Security committee
4,950 00
66 58
$2,112,747 48
$2,112,747 48
.....
—
Membership
Shares
Issued during year
Members
Members who
4,585
3,036
Withdrawn during year
Forfeited during year
40
Matured during year
1,187
Holders
of:
Unmatured
30,380
13,044
Shares in force
Shares now pledged
New
1926
Liabilities
are borrowers
2,458
912
.
shares
2,458
Profits Distributed
series issued in April, October.
Unmatured Shares
First term,
3%; second
term,
3%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
average rate, 6%): 6%, $1,925,300.
456 share loans (average, $221 each; average rate, 6%): 6%, $100,600.
789
real estate loans (average, $2,440 each;
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
86,680.00
3.16
$748 50
$296.00
.35
.14
.
Other
Expenses
$2,415.56
1.14
Total
$10,140.06
4.79
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
Robert A. Simmons, President
1,
1910
David E. Crawford, Treasurer
Board of Directors: H. E. Braithwaite, W. A. Cox, D. E. Crawford*, J. O. Credle*, I. D. Ford, Walter Forster,
W. H. Hamilton, W. A. Hemingway, Zacheus Layne, Phillip Lyons, Jr., A. C. Miller, H. W. Finn, J. P.
Shelton*, R. A. Simmons*, A. W. Wade, Nina C. Wilson.
Regular meetings for receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
4,
1926
P.D.
22
Part III.
8,
....
Membership
Shares
Members
Members who
286
155
Issued during year
Withdrawn during year
Forfeited during year
16
Matured during year
26
518
223
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in March, September.
97
— are borrowers
32
Unmatured shares
Matured share certificates
93
Holders
of:
Paid-up share
3
.
certificates
1
9
Profits Distributed
1
Unmatured Shares and Matured and Paid-up Share
Certificates
2}4%; second term, 2}4%.
First term,
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
20
real estate loans (average,
7%,
$953 each; average
5.91%): 5>^%, $5,400; 6%, $12,050; 6J^%, $1,000
rate,
;
$600.
10 share loans (average, $169 each; average rate, 6%): 6%, $1,685.
1 loan on matured share certificates: 6%, $150.
1 loan on paid-up share certificates: 6%, $25.
Total Expenses for Year
Rent
Salaries
Amount
Other
Expenses
$219.62
9.55
Advertising
paid for
Cost per $1,000 of assets
.
Total
$219.62
9.5&
BOSTON — FANEUIL CO-OPERATIVE BANK
598
WASHINGTON STREET (BRIGHTON DISTRICT)
(Other authorized locations for receipt of moneys:
setts
Room 940,
18
Tremont
Street,
and 195 Massachu-
Avenue, Boston)
Incorporated April 10, 1916.
Began business May
9,
1916
Thomas King,
Frederick T. Conley, President
Treasurer
of Directors: J. J. Butler, J. J. Cherry, F. T. Conley, D. J. Cronin, P. J. Donaghue, P. J. Donnellan, A.
R. "Frost*, S. A. Gates, A. W. Grinnell, Thomas King*, J. F. Kinney*, F. L. Maguire, W. J. O'Connor*,
H. L. Young*.
Board
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Permanent expense account
Cash
....
13,
$123,626
4,920
122
5,457
00
00
Dues capital .
Profits capital
34
87
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for money borrowed
Dividends on paid-up share certifi.
cates
.
.
.
.
.
$134,126 21
....
....
.....
....
series issued in
$96,447 GO
14,770 18
11,000 00
1,903 24
1,710 63
5,157 66
3,000 00
137 50
$134,126 21
....
—
Membership
Shares
Issued during year
Withdrawn during year
Shares in force
Shares now pledged
Paid-up shares represented by certificates
New
1926
Liabilities
841
592
2,641
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
783
55
Paid-up share
235
54
228
certificates
17
February, May, August, NoProfits Distributed
vember.
Unmatured Shares
second term, l'v46%; third term,
iyie%; fourth term, iyi6%.
First term, V'/i6%;
Paid-up Share Certificates
lJi%; second term, 1}4,%'< third term,
fourth term, 1M%-
First term,
1H%;
Proportion of profits retained on voluntary withdrawals,
none.
* Security
25% on
Committee.
series less
than 6 years old;
after 6 years
P.D.
8,
23
Part III.
Rates and Averages on Loans
39 real estate loans (average, $3,170 each; average rate, 6.67%): 6%, $16,200; 6J^%, $49,100; 7%, $58,326.
16 share loans (average, $325 each; average rate, 6.69%): 6^A%, $3,060; 7%, $1,860.
Total Expenses for Year
Amount
paid for
.
Salaries
Rent
$246 00
1.83
$390.00
.
Cost per $1,000 of assets
BOSTON
236
— FARRAGUT
$1,048.29
7.82
Total
$1,684.29
12.56
CO-OPERATIVE BANK
K STREET (SOUTH BOSTON
Incorporated December 30, 1909.
Other
Expenses
Advertising
DISTRICT)
Began business February
Guilford D. Brown, President
15,
1910
Theodore L. Kelly, Treasurer
Board of Directors: G. D. Brown=iS 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. Willey, A. R. Wood.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
.....
....
Liabilities
Dues capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
....
.....
.
.
Guaranty fund
Surplus
Security committee
.....
.....
Dividends on matured share
cates
Dividends on paid-up share
cates
certifi-
certifi-
19,
192G
24
P.D.
8,
Part III.
BOSTON — FEDERAL CO-OPERATIVE BANK
79
MILK STREET
(Other authorized location for receipt of moneys: 547 Colun^bia Road, Dorchester)
Incorporated January 29, 1890.
Began business February
Browne, J. F. Crowley,
P. Hanlon, D. L. Mahoney*, F. H. Maine,
Board
of Directors:
T.
L. J. Rouleau, E.
6,
1890
Thomas
Daniel L. Mahoney, President
J.
Browne, Treasurer
J. C. Denning*, T. P. Feeney, J. F. Finn*, J. A. Galvin, C.
McGrath,
J.
J. J.
J. Quinn*, G. P. Reed,.
P. Sullivan, J. F. Sullivan*, J. L. Walsh, G. S. Winchester.
J.
W.
McGann,
Regular meetings for receipt of moneys the
first
W.
Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Unpaid interest
Overs and shorts
Cash
.....
7,
1926
Liabilities
$978,080 00
22,560 00
4,930 00
1,440 00
3,275 00
3,776 58
46 39
47,133 34
$1,061,241 31
Dues capital
Profits capital
.
.
.
.
,
.
.
.
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
.
.
.
.
.
.
.
.
Surplus
.
Due on uncompleted
loans
Di\'idends on matured share certificates
Dividends on paid-up share certificates
.
.
.
.
.
.
.
.
.
.
$575,622
P.D.
8,
Part III.
25
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Xioans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Overs and shorts
Cash
27,
192G.
Liabilities
$809,100 00
24,728 00
100 00
5,400 00
322 17
5 00
18,405 89
Dues
capital
Profits capital
$504,703
Alatured share certificates
Paid-up share certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
$858,061 06
Forfeited during year
....
—
Membership
Shares
Issued during year
Withdrawn during year
6,375
2,621
19
932
Matured during year
Shares in force
13,815
Shares now pledged
4,807
Matured shares represented by certificates
661
383
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
certificates
Profits Distributed
Unmatured Shares
l%%; second term, l%%;
IViVc; fourth term, 15^%.
First term,
Matured Share
Third term,
First term,
1
%%;
third term,
Certificates
fourth term, 15^%.
Paid-up Share Certificates
second term, 114%; third term,
1M%;
l]i%; fourth term,
1M%-
26
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Temporary expense account
Cash
.
.
.
.
.
8,
Part III.
1926
23,
Liabilities
Dues capita!
Profits capital
$2,172,601 00
42,350 00
7,925 00
950 00
1,297 12
40,354 33
$1,220,944
221,624
541,400
190,400
3,887
44,954
18,830
10,356
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Surplus
Interest
00
91
GO
00
25
73
11
06
120 16
1 00
213 63
12,744 60
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
$2,265,476 45
$2,265,476 45
Membership
Shares
Issued during year
Members
Members who
6,097
3,698
Withdrawn during year
Forfeited during year
62
892
Matured during year
Holders
Shares in force
26,746
Shares now pledged
12,594
Matured shares represented by certificates
2,707
Paid-up shares represented by certificates
952
New series issued in January, April, July, October.
of:
2,401
are borrowers
—
....
.
.
.
732
Unmatured shares
Matured share certificates
.
.
.
420
Paid-up share
.
.
.
156
certificates
2,269
Profits Distributed
Unmatured Shares
First term, l%e%; second term,
IVsVc; fourth term, 1?^%.
Wi&%;
third term,
Matured Share Certificates
1^10%; second term, l°/i6%; third term,
fourth term, 15/i6%.
First term,
1%Q%;
Paid-up Share Certificates
second term, 1J^%; third term,
First term, \]4,%;
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25% on
1M%-
fourth term,
series less
than 5 years
old;
after 5 years,
Rates and Averages on Loans
577 rea? estate Zoores (average, $3,765 each; average rate 5.83%) 5%, $361,200; 6%, $1,811,400.
137 share loans (average, $309 each; average rate, 6%): 5)4%, $250; 6%, $42,100.
16 loans on matured share certificates: 6%, $7,925.
2 loans on paid-up share certificates: 6%, $950.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$7,259.91
3.21
$3,479.52
1.54
$30.00
.01
Other
Expenses
$2,513.18
1.11
Total
$13,282.61
5.87
BOSTON — GUARDIAN CO-OPERATIVE BANK
36
Incorporated July
Royal
S.
BROMFIELD STREET
2,
1S86.
Began business August
Wentworth, President
6,
1886
William D. Eldredge, Treasurer
Board of Directors: J. W. Cousins, W. D. Eldredge*, G. R. Farrell, W. S. Fracker*, H. C. Hathaway, Joseph
Hendry, F. A. Hinchcliffe, J. T. Kaler, P. B. Roberts, C. C. Swett*, F. C. Toward*, Joseph Uttley, R. S.
Wentworth*, H. L. Young*.
Regular meetings
for receipt of
moneys the
first
* Security Committee.
Friday of each month.
P.D.
8,
27
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
.
Liabilities
00
00
00
40
76
423 45
$1,681,000
39,450
5,300
8,267
3,064
98,061 31
$1,836,166 02
Share
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 June, December.
5,427
2,702
61
822
18,627
9,.567
2,270
652
1,
192G
•
28
P.D.
8,
Part III.
....
Membership
Shares
Issued during year
5,969
2,388
71
1,081
13,630
5,666
1,577
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
476
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Members
Members who
1,237
— are borrowers
267
Unmatured shares
Matured share certificates
1,017
Holders
of:
Paid-up share
246
77
certificates
Profits Distributed
Unmatured Shares and Matured Share
\%%\
Certificates
1%%;
third term,
Paid-up Share Certificates
1M%; second term, 1M%;
fourth term, 1}^%.
third term,
First term,
second term,
irs%; fourth term, iys%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, 20% on series
none.
less
than 5 years old; after 5 years^
Rates and Averages on Loans
S31 real
estate
loans (average, .14,530 each;
average rate, 6.41%):
$869,350.
44 share loans (average, $354 each; average rate, 6.50%"):
^ loans on matured share certificates: Qj^'y'o, $2,000.
6}^%,
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
o}4%, $50,300; 6%, $81,500;
$15,596.
6}4%.
P.D.
8,
Part
29
III.
Membership
Shares
Issued during year
Forfeited during year
3,771
2,660
61
Matured during year
604
Withdrawn 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.
Members
Members who
Holders
of:
1,414
— are borrowers
Unmatured shares
Matured share certificates
17,690
7,380
841
428
....
.
Paid-up share
certificates
.
.
1,3.34
.
.
.
117
.
.
.
106
Profits Distributed
606
Unmatured Shares
2%%;
First term,
second term, 3%.
Matured and Paid-up Share Certificates
First term, 2H%; second term, 23^%.
Proportion of profits retained on voluntary withdrawals,
none.
10%
on
series less
than 6 years old; after 6 years
Rates and Averag^es on Loans
(average, $3,-594 each; average rate, 5.94%):
$1,051,705; 61-^%, $57,600.
77 share loans (average, $3.54 each; average rate, 6%): 6%, $27,245.
1 loan on paid-up share certificates: 6%, $1,000.
5.50 real
estate
loans
5%,
$44,200;
5i^%, $104,405;
6%,
Total Expenses for Year
$3,600.00
Rent
$290.00
2 71
.22
Salaries
Amount
paid for
.
Cost per $1,000 of assets
$50.00
Other
Expenses
$482.40
.04
.36
Advertising
Total
$4,422.40
3.33
BOSTON — HOMESTEAD CO-OPERATIVE BANK
36
BROMFIELD STREET
Incorporated September 11, 1877.
Began business September
Walter H. Roberts, President
12,
1877
William D. Eldredge, Treasurer
Board of Directors: J. W. Cousins, W. D. Eldredge*, G. R. Farrell, W. S. Fracker*, F. A. Hinehelifle, J. T.
Kaler, W. H. Roberts, P. B. Roberts, C. C. Swett*, F. C. Toward*, Joseph Uttley, R. S. Wentworth*,
H. L. Young*.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Temporary expense account
Cash
.
.
.
.
.
.
13,
1926
Liabilities
$1,740,950
36,000
9,600
2,854
1,026
85,002
Dues capital
Profits capital
00
00
00
90
84
Forfeited share account
59
Guaranty fund
$873,311
187,923
610,400
106,400
.
Matured share
certificates
share certificates
Paid-up
967 01
40,529 65
30,409 14
18,781 67
600 95
2 50
442 69
5,500 00
166 00
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
$1,875,434 33
$1,875,434 33
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.
00
72
00
00
....
—
Membership
5,941
2,496
34
1,606
18,837
9,931
3,052
Members
Members who
1,548
are borrowers
462
Unmatured shares
Matured share certificates
1,270
Holders
of:
Paid-up share
532
336
77
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
2?4%; second
First term,
23^%; second term, 2}4%.
term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
20% on
* Security Committee.
series less
Certificates
2J^%.
Certificates
than 8 years old; after 8 years,
P.D.
30
8,
Part III.
Rates and Averages on Loans
360
real estate loans
5^%,
average rate, 5.98%):
(average, $4,836 each;
$'
1,400;
6%,
$1,641,850;
7%,
S12,700.
14s share loans (average, $252 each; average rate, 6%): 6%, $36,000.
13 loans on matured share certificates: 6%, $9,600.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$3,836.68
2.05
$724.13
Advertising
$209 58
.
.38
.11
Other
Expenses
$2,081.66
1.11
Total
$6,852.05
3.65
BOSTON — HYDE PARK CO-OPERATIVE BANK
1172
RIVER STREET (HYDE PARK DISTRICT)
(Other authorized location for receipt of moneys: 105 Readville Street, Readville)
Incorporated
Everett
W.
March
26, 1886.
May
Began business
1886
5,
Frederick P. McGrath, Treasurer
Lewis, President
Directors: H. E. Astley, J. E. Farrell, J. A. Galvin, E. C. Jenney, E. H. Kearney*, Charles Larsson,
E. W. I;e-svis, 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.
Board of
Regular meetings for receipt of moneys the
first
Wednesday
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
Bank
building,
.
.
$2,319,650
42,590
3,890
1,280
66,445
8,348
1,737
2,003
1,593
.
income and expense
00
00
00
00
22
Dues
25
33
74
34
60
Guaranty fund
12
48,648 16
Other assets
Cash
capital
Profits capital
certificates
share certificates
Paid-up
....
....
....
.....
....
40,552
36,980
24,170
573
3
377
40,377
197
119
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
.
.
....
—
Membership
9,506
6,012
15
1,187
30,144
13,192
2,582
Forfeited during year
•
00
00
20
20
40
94
44
00
82
00
00
06
$2,496,198 64
Shares
Withdrawn during year
.
00
58
692
Forfeited share account
Personal accounts
Matured during year
1926
$1,336,538
255,017
516,400
244,200
.
Matured share
$2,496,198 64
Issued during year
8,
Liabilities
.
Shares in force
Shares now pledged
Matured shares represented by certificates
1,221
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Members
Members who
2,916
are borrowers
808
Unmatured shares
Matured share certificates
2,609
Holders
of:
Paid-up share
428
218
.
certificates
Profits Distributed
Unmatured Shares
15^%; .second term, 15^%;
fourth term, 1?^%.
First term,
1H%;
Matured and Paid-up Share
First term,
1M%;
1M%;
second term,
1^%-
fourth term,
third term,
Certificates
1M%;
Proportion of profits retained on voluntary withdrawals, 15% on series less than 4 years old;
from 4 to 8 years old; after 8 years, none.
third term,
10% on
series
Rates and Averages on Loans
635 real estate loans {averaze, $3,Q53 each; average rate, 6%); 5%, $7,200; 6%, $2,312,450.
152 share loa?is (average, $281 each; average rate, 6%): 6%, $42,590.
14 loans on matured share certificates: 6%, $3,890.
7 loans on paid-up share certificates: 6%, $1,280.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
•
Salaries
Rent
$5,599.59
2.24
$843.71
.34
Security Committee.
Advertising
$652 25
.
.26
Other
Expenses
$2,926.25
1.17
Total
$10,021.80
4.01
P.D.
8,
Part
31
III.
BOSTON
702
JAMAICA PLAIN CO-OPERATIVE BANK
CENTRE STREET (JAMAICA PLAIN DISTRICT)
Incorporated February
7,
1920.
Began business February
19,
1920
George
Robert D. Webster, President
J.
Ganer, Treasurer
Beering, P. M. Connolly*, W. E. Corkum, C. H. Curtis, Herbert Dillingham, W. T.
Board of Directors: F.
Driscoll, W. W. Foley, R. T. Fowler*, G. J. Ganer, J. L. Griffin, Joseph Harriman, Lyla E. Henderson,
W. R. Hicks, B. E. Holland, J. B. Kavanaugh, G. W. Kenyon*, R. B. Kenyon, L. E. Knott, J. R. MacKinnon, H. C. Maguire, Alice McMurrough, P. J. Oswald, John Perrins, F. C. Pflug, Maurice Rosen,
D. B. Ruggles, G. C. Russell, H. E. Smith, R. D. Webster.
W.
Regular meetings for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Overs and shorts
Cash
.1247,600 00
10,010 00
37 38
18,138 35
22,
1926
32
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Cash
Part III.
1926
Liabilities
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Other assets
8,
18,
$1,000 00
1,967,475 00
00
00
00
42,626
3,080
800
41,494
50
53,931
....
Dues capital
Profits capital
Paid-up
certificates
share certificates
18
Forfeited share account
Matured share account
00
Guaranty fund
61
Surplus
Due on uncompleted
Personal accounts
458 28
.
loans
.
cates
2,512 50
$2,110,456 79
....
—
Membership
Shares
Matured during year
00
00
4,030 00
$2,110,456 79
Forfeited during year
59
certifi
cates
....
....
....
....
....
83
certifi
Dividends on paid-up share
Issued during year
15
13,614
38,693
54,921
8,550
5
.
Dividends on matured share
Withdrawn during year
00
44
00
00
$1,253,998
210,273
322,400
201,000
Matured share
6,714
4,783
69
860
Shares in force
29,246
Shares now pledged
11,736
Matured shares represented by certificates
1,612
Paid-up shares represented by certificates
1.005
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
are borrowers
2,684
735
.
Unmatured shares
Matured share certificates
2,508
288
166
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
1M%;
second term,
1}4%; fourth term,
1M%.
1M%;
third term,
Proportions of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
593 real estate loans (average, .|3,323 each; average rate, 5.95%): 5^%, $196,275; 6%, $1,771,200.
260 share loans (average, $164 each; average rate, 6%): 6%, $42,626.
6 loans on matured share
i? loatis on paid-up share
certificates:
certificates:
6%,
6%,
$3,080.
$800.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$7,484.00
3.55
$840.00
Advertising
$4.20
.40
Other
Expenses
$2,266.59
1.07
Total
$10,594.79
5.02
BOSTON — MASSACHUSETTS CO-OPERATIVE BANK
DORCHESTER AVENUE
1442
(Other authorized locations for receipt of moneys: American Trust Company, 50 State Street, and
Bank of Commerce and Trust Company, 21 Milk Street, Boston)
Incorporated
May
19, 1908.
May
Began business
28,
Board of
1908
Ansley
Joseph R. Churchill, President
M. Johnson,
Treasurer
C. Briscoe, F. J. Carey, J. R. Churchill, D. J. Ferguson, L. J. Haj'ford*,
A. M. Johnson*, B. C. Kelley, Roger Mansfield, J. F. Masters, J. J. Moore, E. J. Owen*, E. A. Retzel,
J. J. Scarry, A. W. Thompson, J. O. White, F. I. Wilkins.
Directors: J.
li.
Barnev,
J.
Regular meetings for receipt of moneys the last business day of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Permanent expense account
Temporary expense account
.....
Building expense
Cash
30,
1926
Liabilities
52,775,110
34,446
15.140
24,000
2,800
3,068
00
00
00
00
00
23
95 72
79,241 12
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Bills payable for
money borrowed
Due on uncompleted loans
Security committee
Suspense
$2,933.901 07
* Security Committee.
.
.
.
$1,237,686
196,343
1,271,400
18,800
3,248
27,115
24,651
29,984
661
3
100,000
23,700
00
31
00
00
03
76
54
58
84
02
00
00
290 00
16 99
$2,933,901 07
P.D.
8,
33
Part III.
....
....
....
....
.....
....
......
Membership
Shares
Issued during year
17,043
10,179
121
2,774
37,753
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
1*5,036
Shares now pledged
6,357
Matured shares represented by certificates
94
certificates
Paid-up shares represented by
New series issued in March, Juno, September, December.
Members
Members who
Holders
of:
— are borrowers
3,440
767
....
.
.
Unmatured shares
Matured share certificates
Paid-up share certificates
.
2,938
.
.
.
798
.
.
.
12
Profits Distributed
Unmatured Shares and Matured Share
First term,
1H%;
1%%;
.second term,
fourth term,
1^%.
Paid-up Share
Certificates
third term,
1J^%;
Certificates
1}4%; second term,
11-4%; fourth term, l}i%.
First term,
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate, 6.47%): 5^%, 864,550; 6%, $106,300;
$2 5''2 300' 7% $81 960
1S9 share Zo'ans '(average,' $182 each; average rat_e, 6.50%): 6%, $200; 6}^%, $33,546; 7%, $700.
38 loans on matured share certificates: 6}-^%, $15,140.
664
real estate loans
(average, $4,179 each;
G}^%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$14,574.59
4.96
$1,200.00
$363.25
.40
.12
Other
Expenses
Total
$20,153.95
6.84
$4,016.11
1.36
BOSTON — MATTAPAN CO-OPERATIVE BANK
1575
BLUE HILL AVENUE (MATTAPAN DISTRICT)
(Other authorized location for receipt of moneys: 294 Washington Street,
Incorporated November 14, 1910.
Began business December
20,
Room
219, Boston)
1910
William R. Landers, Treasurer
Charles K. Thurston, President
Crosby, W. G. Cruckshank*. G. T. Curlev, E. E. Erickson, W. A.
Guild, W. R. Landers*, J. B. Patterson, T. S. Richardson*, T. W. Roulston, F. N. Russell, S. B. Small,
P. D. Smith, C. K. Thurston, J. P. Weldon, J. F. Willett, P. J. Williams.
Board of Directors:
3. F.
Ballard,
W. H.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
19,
1926
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
Overs and shorts
Cash
,153,695
19,755
4,560
1,297
00
00
00
72
116 54
15,435 02
Dues capital
Profits capital
$542,167
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
$1,194,859 28
....
.....16
....
.....
....
.
cember.
.
....
—
Membership
Shares
Issued during year
4,992
Withdrawn during year
3,505
Forfeited during year
Matured during year
892
Shares in force
13,636
Shares now pledged
6,344
Matured shares represented by certificates
2,191
Paid-up shares represented by certificates
143
New series issued in March, June, September, De-
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1%%;
Certificates
second term, 13-s%; third term,
1?^%; fourth term, 1.?^%.
First term,
1M%:
Paid-up Share Certificates
second term, \}/i%\ third term,
1M%;
fourth term,
1M%-
P.D.
34
8,
Part III.
Rates and Averages on Loans
293
real estate loans (average, $3,951 each;
average rate, 6.01%):
$29,600.
67 share loans (average, $295 each; average rate,
6 loans on matured share certificates: 6%, $4,560.
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
5J^%, $16,700; 6%, 81,107,395; 6}4%,
6%): 6%, $19,755.
Salaries
Rent
$4,081.34
3.41
$1,491.85
1.25
P.D.
8,
Part
35
III.
Total Expenses for Year
Amount
paid for
Cost per SI, 000
,
of assets
Salaries
Rent
$3,539.93
4.14
$844 34
$125.52
.98
.15
Advertising
.
Other
Expenses
$1,036.12
1.21
Total
$5,545.91
6.48
BOSTON — MERCHANTS CO-OPERATIVE BANK
24
SCHOOL STREET
(Other authorized locations for receipt of moneys: branches of First National Bank of Boston,
Uphams Corner, Fields Corner, Roslindale, Hyde Park, Brighton and Allston.)
Incorporated December
Bertram D.
2,
1881.
Began business February, 1882
.Mbert E. DuffiU, Treasurer
Blaisdell, President
Girard N. Jones, Assistant Treasurer
Board of Directors: H. E. Abbey, J. H. Aubin*, B. D. Blaisdell, A. E. Dviffil!, Frank Fanning*, W. F. Freeman*, H. F. French*, R. L. Hall, C. N. Marland, A. J. Mercer, C. S. Patten*, H. A. Perkin.s*, F. M.
Perry, J. C. Pineo, C. D. Rice, C. W. Sherman, J. A. Sparrow*, F. O. Whitney*.
Regular meetings for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Temporary expense account
Cash
11,
1926
Liabilities
$24,020,630
488,160
52,100
5,530
7,027
16,794
872,349
00
00
00
00
82
44
Dues capital
Profits capital
61
Surplus
3,831,521
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Interest
Fines
....
Tran.sfer fees
Withdrawal profits
Due on uncompleted
Security committee
Fire insurance
Reserve fund
$25,462,611 87
loans
P.D.
36
Part III.
8,
BOSTON — METROPOLITAN CO-OPERATIVE BANK
80
Incorporated
May
FEDERAL STREET
14, 1915.
May
Began business
24,
1915
Fred E. Bolton, President
F. Oscar Chase, Treasurer
H. M. Chamberlain, L. W. Chandler, F. O. Chase* R. D. Crook* J. H.
Dunn, B. P. Ellis, B. M. Golding*, J. W. A. Gordon, H. H. Hale*, J. C. Hall. E. L. Harris, Theodora M.
Hastings, T. E. McCarthy, C. A. Palmer*, W. J. Peterson, Guy Richardson, Annie M. Stone, C. L.
Titus, H. F. Weiler.
Board of
Directors:
F. E. Bolton*,
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Permanent expense account
Temporary expense account
Cash
.....
18,
1926
Liabilities
00
00
00
55
1,156 33
83
16,009
$496,575
31,980
180
252
Dues capital
Profits capital
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
....
Security committee
Suspense
Overs and shorts
Due on foreclosure sale
$546,153 71
.
$373,874
P.D.
8,
37
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
.....
11,
1926
P.D.
38
Issued during year
....
....
....
....
.....
....
Withdrawn during year
Part III.
8,
....
Membership
Shares
Members
Members who
9,679
6,057
Forfeited during j'ear
30
Matured during year
2,003
35,626
16,046
4,554
Shares in force
Shares now pledged
Matured shares represented by certificates
569
Paid-up shares represented by certificates
New series issued in February, May, August, No-
3,180
— are borrowers
939
Unmatured shares
Matured share certificates
2,677
Holders
of:
Paid-up share
668
105
certificates
Profits Distributed
Unmatured Shares and Matured Share
vember.
1?^%; second term,
iya%; fourth term, 1?^%.
First term,
Paid-up Share
First term, 1}4%',
Certificates
1%%;
third term,
Certificates
second term,
1^%;
third term,
1M%.
1}4%; fourth term,
Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old;
from 4 to 6 years old; after 6 years, none.
10% on
series
average rate, 5.94%): 5%, $15,400; 5)4%, $293,600;
S2 625 500
i5e s^iare ?o'ans '(average, $202 each; average rate, 6%) 5i^%, $230; 6%, $31,260.
17 loans on matured share certificates: 6%, $5,280.
1 loan on paid-up share certificates: 6%, $3,000.
6%,
Rates and Averages on Loans
8W
real estate loans
(average, S3,579 each;
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Rent
Salaries
.$6,407.00
$2,000.00
2.10
.65
Other
Expenses
Advertising
$3,347.43
1.10
Total
$11,754.43
3.85
BOSTON — NODDLE ISLAND CO-OPERATIVE BANK
272
MERIDIAN STREET (EAST BOSTON DISTRICT)
Incorporated February 23, 1911.
James
S.
Began business March
4,
1911
James H.
Murray, President
Cline, Treasurer
Board of Directors: E. C. R. Baglev, Robt. Bonney, Thomas Boyd, J. L. Case, M. J. Cashman, A. S. Cassidy*,
G. J. Clarson, J. H. Cline, 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 BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
Cash
13,
192G
.
•
P.D.
8,
39
Part III.
....
....
....
....
.....
Forfeited during year
Matured during year
Members
Members who
1,888
964
Holders
16
177
5,782
.
.
.
.
1
Certificates
third term,
M 7o
Paid-up Share
Certificates
l\i%; second term, 1^4%
lJi%; fourth term, VA%.
First term,
25% on series less than 6 years
from 7 to 8 years; after 8 years, none.
Proportion of profits retained on voluntary withdrawals,
5%
121
10
.
l>o%; second term, 13^%;
,
539
...
.
certificates
ll-i%; fourth term
years;
191
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
539
....
Paid-up share
.
.
of:
arc borrowers
Unmatured shares
Matured share certificates
Shares in force
2, .335
Shares now pledged
605
Matured shares represented by certificates
26
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
......
—
Membership
Shares
Issued during year
Withdrawn during year
old;
I
third term,
15% from
6 to 7
Rates and Averages on Loans
161 real estate loans (average, .S2,550 each; average rate, 6,64%): 6%, $151,540;
28 share loans (average, $i257 each; average rate, 7%): 7%, $7,180.
S loans on matured share certificates: 7%, $175.
7%,
$259,094.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$800.00
1.82
$400.00
$72.00
.91
.16
Other
Expenses
$598.00
1.35
Total
$1,870.00
4.24
BOSTON — NORTH DORCHESTER CO-OPERATIVE BANK
39
SAVIN HILL AVENUE (DORCHESTER DISTRICT)
Incorporated July 20, 1907.
Began business August
20, 1907
Daniel
John M. Donovan, President
Daly, Treasurer
J.
Directors: J. J. Broderick*, H. A. Carey, D. J. Daly, J. S. Donahue, J. M. Donovan, M. J. DriscoU*,
W.P. Gafney, P. F. Gallahue, T. J. Gorman, W. H. Kehoe*, C. J. Lavis, F. X. Moritz, D. G. Slattery.
Board of
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Permanent expense account
Cash
,
19,
1926
....
...
...
....
...
....
....
Assets
Liabilities
$723,900 00
21,326 00
2,155 00
.....
272 00
22,435 55
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
Personal accounts
Dividends on matured share
cates
Dividends on paid-up share
cates
certificertifi-
$770,088 55
....
....
....
....
.....
....
vember.
....
—
Membership
Shares
Issued during year
2,052
Withdrawn during year
1,510
Forfeited during year
38
Matured during year
396
Shares in force
9,751
Shares now pledged
4,323
Matured shares represented by certificates
703
Paid-up shares represented by certificates
308
New series issued in February, May, August, No-
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
Alatured share certificates
Paid-up share certificates
.
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
1J^%; second term,
VA7o; fourth term 1 M %
First term,
,
1M%;
third term,
P.D.
40
8,
Part III.
Rates and Averages on Loans
155 real estate loans (average, $4,670 each; average rate, 5.92%): 6%%: $110,600; 6%, $613,300.
46 share loans (average, $464 each; average rate, 6%): 6%, $21,326.
4 loa7is on matured share certificates: 6%, $2,155.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
52,479.80
$532.13
$72.40
Other
Expenses
$408.92
3.22
.70
.09
.53
Total
$3,493.25
4.54
BOSTON — PIONEER CO-OPERATIVE BANK
36
BROMFIELD STREET
Incorporated July 26, 1877.
Began business August
6,
1877
William D. Eldredge, Treasurer
Walter H. Roberts, President
Directors: W. H. Bain, E. E. Bridge, J.
Joseph Hendry, J. T. Kaler, P. B. Roberts,
R. S. Wentworth*, H. L. Young*.
Board of
W. Cousins, W. D. Eldredge*, G. R. Farrell, W. S. Fracker*,
W. H. Roberts, C. C. Swett*, F. C. Toward*, Joseph Uttley,
Regular meetings for receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
Mortgage balance
Cash
Liabilities
,688,200 00
22,700 00
6,900 00
600 00
537 51
169 55
70 60
88,455 SO
.....
.
$1,807,633 46
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.
5,639
2,683
16
1,203
16,957
8,825
2,852
784
4,
1926
•
P.D.
8,
Part III.
41
BOSTON
REAL ESTATE CO-OPERATIVE BANK
7
WATER STREET
(Other authorized locations for receipt of moneys: Atlantic National Bank and Citizens National
Bank)
Incorporated February
9,
1920.
Began business March
Frederick O. Woodruff, President
20,
George
1920
I.
Robinson,
Jr.,
Treasurer
Board of Directors: C. J. Bliss, W. E. Chamberlain, W. C. Codman, D. .1. Cronin*, A. D. Dowd*, R. G. Jones*,
W. J. Keville*, H. F. Mason, W. J. McDonald, J. P. Merrill, E. K. Newhall*, A. L. Ri.^hmond, G. I.
Robinson, Jr.*, I. H. Rosenbaum, Frank Ross*, C. R. Tuckett, Frederick Viaux, W. C. Weeks*, C. H.
Welch, Willard Welsh, Henry Whitmore, Arnold Whittakcr, Lombard Williams, F. O. Woodruff.
Regular meetings for receipt of moneys the 25th of each month, unless falling on Saturday, Sunday or holiday,
when next business day succeeding.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Jjoans on paid-up share certificates
Temporary expense account
Personal accounts
Cash
27,
1926
Liabilities
00
70
00
50
322 56
100
34,854
1,900
1,156
.SI, 587,
.
54,524 18
.
Dues capital
Profits capital
.
Paid-up share
certificates
Foifeited share account
.
Guaranty fund
Surplus
Interest
....
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committer
$1,679,857 94
....
....
.....
....
Membership
Shares
Issued during year
15,391
Withdrawn during year
8,741
Forfeited during year
666
Shares in force
40,699
Shares now pledged
10,325
Paid-up shares represented by certificates
824
New series issued in March, June, September, December.
Members
Menibers who are borrowers
Holders of:
—
Unmatured shares
Paid-up share certificates
Profits Distributed
Unmatured
Sliares
second term, l}4%; third term,
lJ-^%; fourth term, 1}^%.
First term, 13-i%;
Paid-up Share Certificates
1M%; second term, 1M%;
fourth term, 114%.
First term,
1M%;
third term,
P.D.
42
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
.
....
.
"
.
1926
27,
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Temporary expense account
Cash
.
Part III.
8,
Dues capital
Profits capital
$834,350 00
16,125 00
3,845 00
860 00
67 55
564 89
73,890 93
00
20
00
00
00
13,061 48
S508,529
93,132
188,800
88,800
48
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Surplus
66
94
09
00
48 00
15,394
3,576
103
14,725
Interest
Withdrawal profits
Due on uncompleted loans
Security committee
Dividends on matured share
certifi-
2,375 00
cates
Dividends on paid-up share
certifi
1,110 00
cates
$929.703 37
$929.703 37
Membership
Shares
Members
Members who
3,030
Issued during year
1,961
Withdrawn during year
5
Forfeited during year
475
Matured during year
11,230
Shares in force
4,828
Shares now pledged
944
Matured shares represented by certificates
444
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Holders
of:
1,190
— are borrowers
300
....
.
Unmatured shares
Matured share certificates
Paid-up share
.
.
1,049
...
.
certificates
.
159
75
.
Profits Distributed
Unmatured Shares
First term,
1M%'. second term, 1}^%;
Matured and Paid-up Share
First term,
1
M%
1J^%; second term,
fourth term
;
,
third term,
Wi9%.
l^/i6%; fourth term,
1
M%
Certificates
1M%;
third term,
•
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
256 real estate loans (average. $3,259 each; average rate, 5.95%) 5%, $24,050; 5i^%, $33,300; 6%, $777,000
96 share loans (average, $168 each; average rate, 6%): 6%, $16,125.
7 loans on matured share certificates: 6%, $3,845.
2 loans on. paid-up share certificates: 6%, $860.
:
.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$3,380.00
3.64
$740.89
$328.94
.80
.35
Other
Expenses
$1,199.57
1.29
Total
$5,649.40
6.08
BOSTON — ROXBURY CO-OPERATIVE BANK
1109
COLUMBUS AVENUE (ROXBURY DISTRICT)
(Other authorized location for receipt of moneys: State Street Trust Co., corner State and Congress Streets. Boston)
Incorporated October
3,
1889.
Began business November
1,
1889
Clarence E.
John F. Mungovan, President
MacKay,
Treasurer
Board of Directors: Wm. Armstrong, H. G. Bean, F. C. Bleiler*. Joseph Driscoll, Joseph Engel, J. W. Fitzgerald, H. E. Hoffman, J. T. Hosford, T. F. Hunt*, G. E. Jacobs, S. R. Keith, D. J. Kelly, Charles
Liffler, Charles Liffler, Jr., C. E. MacKay, R. A. MacLellan*, S. G. Mathewson, H. F. Malley, J. F. Mungovan, J. F. Murphy, S. J. Rantin*, F. W. Rugg, A. E. Taylor, A. K. Williams.
Regular meetings for receipt
of
moneys,
first
Wednesday
* Security Committee.
of
each month.
P.D.
8,
43
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
I^oans on shares
Loans on matured share certificates
Unpaid interest
Cash
.
.
.
.....
6,
Liabilities
,149,560 00
26,365 00
315 00
2,034 14
40,795 84
.$785,650 00
Dues capita!
Profits capital
.
Matured share
153,542
185,600
961
24,521
certificates
Forfeited share account
Matured share account
.
Guaranty fund
.34,525
Surplus
Due on vmcompleted
Ioo,ns
Dividends on matured share
cates
Overs and shorts
$1,219,069 98
70
00
72
99
39
26,677 19
2,950 00
.
certifi
4.640 00
99
$1,219,069 98
P.D.
44
Part III.
8,
......
Membership
Shares
Members
Members who
3,045
1,553
38
1,058
7,027
2,873
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Holders
— are borrowers
of:
Unmatured shares
Matured share certificates
Shares in force
Shares now pledged
"610
Matured shares represented by certificates
114
Paid-up shares represented by certificates
October.
New series issued in January, April, July,
775
169
....
.
.
707
119
20
...
.
Paid-up share certificates
.
.
Profits Distributed
Unmatured Shares
li%2%; second
First term,
term,
'
Matured Share
Second term,
l%%;
1%%;
third term,
1^%.
iy8%; fourth term,
Certificates
third term,
\%%;
fourth term,
Paid-up Share Certificates
second term, l%%\ third term,
1M%;
First term,
1M%-
1}^%; fourth term,
Proportion of profits retained on voluntary withdrawals, none.
116
real estate loans (average,
Rates and Averages on Loans
average rate, 5.55%): 5i^%, $21,860; 6%, $210,300; 63'^%,
,898 each;
$220 000
60 share loai'is (average. $171 each; average
loan on matured share certificates:
1 loan on paid-up share certificates:
1
rate,
6%): 6%, $10,240
G%, $75.
6%, $100.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
BOSTON
362
— SOUTH
Rent
$330.00
.
Total
$3,377.72
7.18
.77
.55
.70
BOSTON CO-OPERATIVE BANK
9,
1913.
DISTRICT)
Began business June
21, 1913
Francis
Griffin, President
Directors: P. J. Cuddver, J. P. Dempsey*, W.
kins*, J. A. Hopkins, F. W. Horgan*, J. P. Kirby,
Board of
Murphy, A.
Other
Expenses
$358.02
Advertising
$259 70
BROADWAY (SOUTH BOSTON
Incorporated June
William H.
Salaries
$2,430.00
5.16
J.
Monahan, Treasurer
H. Griffin, L. J. Halloran, W. P. Hickey, E. L. HopJohn McGrath, J. B. Meehan, F. J. Monahan, P. B.
W. H. Taylor, E. T. A. Welch.
F. R. Novelline, Daniel O'Keefe, P. E. A. Sheridan,
Regular meetings for receipt
of
moneys the
third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
18,
1926
Liabilities
$178,500 00
8,360 00
201 00
7,379 13
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificate.?
Forfeited share account
Guarant.v fund
Surplus
.
Interest
profits
Security committee
Proceeds of foreclosure sale
.377 19
2,577 62
3,899 71
91
30 77
25
107 33
103 99
116 36
$194,440 13
$194,440 13
* Security
00
00
00
00
2,1.30
Fines
Transfer fees
Withdrawal
$128,914
22,182
14,600
19,400
Committee.
P.D.
8,
Part
45
III.
....
....
....
....
......
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
Members
Members who
594
578
82
Holders
— are borrowers
of:
Paid-up share
.372
129
....
...
Unmatured shares
Matured share certificates
Shares in force
2,899
Shares now pledged
1,560
Matured shares represented by certificates
73
97
Paid-up shares represented by certificates
New series issued in March, June, September, December.
certificates
.
.
.
332
...
10
28
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, l}4,%;
m,%\
second term, 1)4%; third term,
fourth term,
Proportion of profits retained on voluntary withdrawals,
25%
1}^%.
after 18th series.
Rates and Averages on Loans
;oe reoi estafe Zooms (average, Sl,684 each; average rate, 5.96%): 5 J^%, $13,900; 6%, $164,600.
23 share loans (average, $363 each; average rate, 6%): 6%, $8,360.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
,
Salaries
Rent
$700,00
3.60
$180.00
Other
Expenses
$123.03
.93
.63
Advertising
Total
$1,003.03
5.16
BOSTON — SOUTH END CO-OPERATIVE BANK
806
Incorporated
November
TREMONT STREET
8,
1921.
Began business November
8,
1921
Edgar P. Benjamin, President
Jesse Goode, Treasurer
Board of Directors: E. P. Benjamin*, J. M. Burrell, E. D. Cooke, W. J. Fubler, C. N. Garland, C. H. Greene,
J. B. Goddard, Jesse Goode*, J. B. Hall, Mildred B. Joyner, D. S. Klugh, W. L. Leach, E. V. Roundtree
E. Z. Roundtree*, A. P. Russell, T. G. Schuyler, C.
J.
Shepherd. S. A. Tasco, G. A. Tell*.
Regular meetings for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
14,
1926
Liabilities
Loans on real estate
Loans on shares
Unpaid interest
Cash
$110,870 00
7,362 80
225 71
3.043 81
.
Dues
capital
Profits capital
$91,877 00
11,781 41
10,600 00
1,574 78
1,081 12
2,354 89
2,000 00
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
Due on uncompleted loans
Personal accounts
Dividends on paid-up share
6 67
.
certifi
cates
Other
132 50
93 95
liabilities
$121,502 32
....
....
....
.....
....
$121,502 32
Withdrawn during year
Forfeited during year
.....
—
Membership
Shares
Issued during year
623
630
56
Shares in force
2,584
Shares now pledged
948
Paid-up shares represented by certificates
53
New series issued in February, May, August, November.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
621
86
610
14
Paid-up share certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
second term,
IM%;
third term.
lH7o: fourth term, 15^%.
First term,
1M%;
Paid-up Share Certificates
second term, 1^%; third term.
1M%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, none.
* Security
Committee.
P.D.
46
8,
Part III.
Rates and Averages on Loans
42 real estate loans (average, $2,639 each; average rate, 6.50%): 6J^%, $110,870.
63 share loans (average, $116 each; average rate, 6.-30%): 63'2%, $7,362.
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
Advertising
$220.00
1.83
$95 00
$25.00
.79
.20
.
Other
Expenses
$526.14
4.16
Total
$866.14
6.98
BOSTON — SUFFOLK CO-OPERATIVE BANK
44
BROMFIELD STREET
Incorporated December 11, 1885.
Began business January
1,
Albert N. Murray, President
1886
Ernest A. Hale, Treasurer
Board of Directors: W. L. Anderson, R. D. Birch, H. A. Oilman, G. R. Glendining, J. A. Grace, E. A. Hale,
P. R. Harmon, J. A. Havey*, Walter Humphreys, E. W. Hunter*, J. H. Miley, A. N. Murray*, C. S.
Patten*, S. C. Sperry, H. A. Stockwell, George Taylor, A. M. Wyman.
Regular meetings for receipt of moneys second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Permanent expense account
Cash
.....
11,
1926
Liabilities
,368,020
74,875
19,130
2,585
5,022
7,000
73,931
00
00
00
00
Dues capital
Profits capital
87
Paid-up
00
40
Guaranty fund
....
...
....
Matured share
certificates
share certificates
.
.
$1,695,627
272,017
1,073,600
361,400
Forfeited share account
Surplus
Due on uncompleted
loans
90 52
36,210 52
20,869 07
73,100 00
.
Dividends on matured share
certifi-
cates
13,131 88
Dividends on paid-up share
certifi-
4,517 50
cates
$3,550,564 27
$3,550,564 27
Issued during year
....
....
....
....
.....
....
Forfeited during year
....
—
Membership
Shares
Withdrawn during year
00
78
00
00
Members
Members who
17,307
9,061
2
2,833
46,002
20,062
5,368
1,807
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
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, May, August, November.
4.190
974
.
3,498
970
286
.
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, 1}4%',
1M%:
second term, 1J^%; third term,
fourth term,
1^%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
each; average rate, 5.96%) 5J^%, $204,400;
3SS share loans (average, $196 each; average rate, 6%): 6%, $74,875.
31 loa7is on matured share certificates: 6%, $19,130.
7 loans on paid-up share certificates: 6%, $2,585.
691 real
estate loans {average, $4:,874:
:
6%,
$3,163,620.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$11,697.36
3.29
$4,719.60
1.33
$3,109.33
* Security
Committee.
.88
Other
Expenses
$10,777.99
3.03
Total
$30,304.28
8.53
P.D.
8,
Part III.
47
"
BOSTON — TELEPHONE WORKERS CO-OPERATIVE BANK
119
Incorporated
MILK STREET, ROOM
March
20, 1925.
109
Began Business
April 30, 1925
William B. Brigham, Treasurer
Charles F. Donahoe, President
Charles F. Donahoe, Assistant Treasurer
Board of Directors: W. Brennan, W. B. Brigham, W. L. Broder*. Lillian F. Capeless, J. J. Coughlin, H. B.
Crawford, Rose A. Davis, C. F. Donahoe, R. M. Eastman, R. Farnham, F. D. Field, Nina C. Gordon,
C. W. Grad, J. J. Hartin, J. R. McLeish*, C. H. Morgan, H. W. Sawyer*, E. L. Shanney, A. E. Whiton,
B.
M. Wood.
Regular meetings for receipt of moneys
last business
day
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
30,
1926
P-D.
48
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Part
8,
11,
....
III.
1926
Liabilities
Assets
Dues
00
00
00
00
323 36
2,305 55
86,887 18
Surplus
00
44
00
00
503 84
19,904 33
16,190 54
Interest
24,817 16
Fines
Transfer fees
499 34
10 75
350 88
80,000 00
15,000 00
142 50
308 14
64 17
$1,053,045
200,651
944,600
130,000
capital
Profits capital
$2,337,225
41,577
12,865
4,905
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Temporary expense account
Cash
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Withdrawal
profits
Bills payable for money
Due on uncompleted
borrowed
loans
Security committee
....
Personal accounts
Suspense
.
$2,486,088 09
$2,486,088 09
....
....
....
....
.....
.
....
—
Membership
Shares
Members
Members who
14,412
Issued during year
4,634
Withdrawn during year
40
Forfeited during year
3,391
jMatured during year
28,509
Shares in force
14,461
Shares now pledged
4,723
Matured shares represented by certificates
650
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Holders
of:
2,757
747
are borrowers
Unmatured shares
Matured share certificates
2,221
709
135
.
Paid-up share certificates
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
iyg%; second term,
15^%; fourth term,
Certificates
\%%;
third term,
\%%.
Paid-up Share
Certificates
First term, 1}4%; second term,
lJi"c; fourth term, IM'-o-
1H%;
third term,
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
633 real estate loans (average. $3,692 each; average rate, 6%): 6%, $261,195; 63^%. $2,076,030.
246 share loans (average, $169 each; average rate, 6%) 6%, $41,577.
43 loans on matured share certificates: 6%, $12,865.
9 loans on paid-up share certificates: 6%, $4,905.
:
Total Expenses for Year
Salaries
Amount
$7,461.14
3.00
paid for
Cost per $1,000 of assets
.
Rent
Advertising
$2,748.59
1.10
$1,853.16
Other
Expenses
$3,349.76
1 34
.75
.
Total
$15,412.65
6 19
.
BOSTON — UNION CO-OPERATIVE BANK
TREMONT STREET
73
Incorporated June 30, 1911.
Edward
Began business September
13,
1911
Morris Bernstein, Treasurer
E. Ginsburg. President
Directors: Morris Bernstein*, A. F. Bianco, J. A. Borgatti, Benjamin Darena, H. Delle Donne, A. R.
Frederick, Gabriel Giarla, E. E. Ginsburg*, T. C. Horgan, Louis Jacobvitz*, Van Courtlandt Lawrence,
Thomas Nutile, J. A. O'Hearn, Warren Patten, A. E. Salmon, M. J. Sawyer*, W. E. Selden, I. W. Shapira*, C. B. Strout.
Board of
Regular meetings for receipt of moneys the second Wednesday of each month.
* Security
Committee.
P.D.
8,
49
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Cash
1926
18,
Liabilities
$1,250
311,550
15,440
150
7,385
Dues
00
00
00
00
86
S21 5,980 00
52,627 23
85,600 GO
capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
303 17
57 50
34,577 96
400 00
503 81
25
22
40
64
89 16
191 58
500 00
30 00
575 20
.
4,015
3,897
2,653
3,651
.
Guaranty fund
Surplus
Interest
....
Fines
Witlidrawal profits
Due on uncompleted
loans
Security committee
Reserve fund
$370,714 49
$370,714 49
....
....
....
....
.....
....
....
—
Membership
Shares
Members
Members who
Issued during year
2,332
873
Withdrawn during year
41
Forfeited during year
267
Matured during year
5,054
Shares in force
Shares now pledged
2,079
Matured shares represented by certificates
428
2
Paid-up shares represented by certificates
New series issued in March, June, September, December.
488
are borrowers
105
Unmatured shares
Matured share certificates
444
77
2
Holders
of:
Paid-up share
.
certificates
Profits Distributed
Shares and Matured Share Certificates
third term,
11^%; fourth term, VA%.
U iiniatured
lJi%; second term, l}-^%;
First term,
Paid-up Share
Certificates
\}4%; second term, 1}^%;
lk'%; fourth term, l}i%.
First term,
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.
third term,
15% on
series
Rates and Averages on Loans
76 real estate loans (average, m,099 each; average rate, 6.56%): 6%, $33,900: 6,^%, $203,100; 7%, $74,550.
58 share loans (average, .$266 each; average rate, 6%): 6%, $15,440.
1 loan on paid-up share certificates: 6%, $150.
Total Expenses for Year
Salaries
Amount
$395.00
1.07
paid for
Cost per $1,000 of assets
.
Rent
Advertising
$352 67
$183.90
.95
.50
.
Other
Expenses
$587.06
1.58
Total
$1,518.63
4.10
BOSTON — VOLUNTEER CO-OPERATIVE BANK
120
Incorporated
John
J.
November
TREMONT STREET
16, 1887.
Began
bu-siness
May
Directors:
1,
1888
James B. Dooley, Treasurer
Delea, President
Board of
January
B. Grant, Assistant Treasurer
George Adams, W. B. Buckley, H. G. Burgess, J. F. Crowley, J. J. Delea, J.
T. A. Fitzgerald, W. A. Leonard*, D. F. McCormack*, O. T. O'Leary,
Rudd*, A. H. Sibley.
W.
J.
B. Doolev,
E.
J. Ripley, J. J.
Regular meetings for receipt of moneys the third Wednesday of each month.
* Security
Committee.
J.
J.
Devcreux,
A. Reed*,
P.D.
50
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
20,
....
Assets
Part III.
8,
1926
Liabilities
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
$10,516,450
199,725
25,925
2,250
3,016
198
236,685
00
00
00
00
89
59
30
Dues capital
Profits capital
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Fines
payable for
money borrowed
Due on uncompleted loans
11
00
82
75
11,
00
00
448 43
Bills
Personal accounts
00
32
00
00
24
$5,391,503
1,012,313
3,451,200
295,800
1,219
12,409
300,000
19,277
57,762
1,342
350,000
90,975
Matured share
.
$10,984,250 78
$10,984,250 78
....
—
Membership
Shares
Issued during year
49,057
25,710
319
8,170
132,287
60,899
17,256
Withdrawn during year
Forfeited d\iring year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
1,479
Paid-up shares represented by certificate:
New series issued in January, April, July, October.
Members
Members who
Holders
of:
12,699
3,469
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
10,296
2,773
.
250
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
X%%\
second term,
l%%;
Certificates
third term,
1?^%; fourth term, \Vs%.
First term,
1M%;
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntarj- withdrawals, none.
Rates and Averages on Loans
,494 each; average rate, 5.97%): 5%, $3,300;
3,010 real estate loans (average,
$9,922,650.
1,730 share loans (average, $115 each; average rate, 6%): 6%, $199,725
49 loans on matured share certificates: 6%, $25,925.
3 loans on paid-up share certificates: 6%, $2,250.
5J^%, $590,500;
6%,
Total Expenses for Year
Amount
paid for
.
Salaries
Rent
Advertising
Other
Expenses
$18,459.25
$3,212.16
$1,380.82
$4,995.21
28,047.44
.29
.13
.45
2.55
Cost per $1,000 of assets
Total
BOSTON — WEST ROXBURY CO-OPERATIVE BANK
31
ST.
JAMES AVENUE, BOSTON
(Other authorized locations for the receipt of moneys: 689 Centre Street, Jamaica Plain, and
1908 Centre Street, West Roxbury; 1 Belgrade Avenue, Roslindale; 555 Columbia Road, 1438
Dorchester Avenue, Dorchester; 67 Milk Street, Boston, and 3 Dexter Row, Charlestown)
Incorporated February
1,
1881.
Began business March
3,
1881
Frank
Francis A. Morse, President
S.
Mason, Treasurer
Directors: W. K. Burlen, W. E. A. Clough, W. F. Cook, C. R. Gow, H. L. Hammond, I. G. Hersey,
Jr.* C. L. Hill, A. W. Joslin*, W. M. Kingman, F. S. Mason, F. A. Morse, C. J. Nichols, W. A. Parsons,
E. L. Prescott, Benjamin Proctor, Jr., J. T. Whitman*.
Board of
Regular meetings for receipt of moneys the
first
* Security Committee.
Thursday
of
each month.
P.D.
8,
Part III.
51
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
Insurance and taxes paid
Cash
7,
1926
Liabilities
$3,842,850
50,050
6,000
2,050
6,075
12,272
Dues
00
00
00
00
00
capital
Profits capital
17
Matured share account
Guaranty fund
404 12
101,446 39
$1,801,379
348,256
1,443,600
236,800
1,824
22,969
52,163
30,471
62,807
.
Matured share
Paid-up
Forfeited share account
.
.
Surplus
Due on uncompleted
Personal actcounts
00
51
00
00
07
20
40
95
20
582 48
certificates
share certificates
loans
.
Other liabilities
Dividends on matured share
4,087 31
certifi
cates
13,859 06
Dividends on paid-up share
certifi
cates
2,317 50
$4,021,147 68
$4,021.147 68
....
—
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 February, May, August,
,976
,758
230
,622
Members
Members who
972
Matured share
,384
,218
Paid-up share
3,500
1,062
certificates
certificates
200
Profits Distributed
184
No-
vember.
4,658
1,075
are borrowers
Holders of:
LTnmatured shares
Unmatured Shares
First term,
nie%;
1H%;
second term,
fourth term,
1%6%.
Mahired Share
First term, 1^1(1%;
1H%;
third term,
Certificates
.second term,
iyia%; third term,
1^16%; fourth term, 1%6%.
Paid-up Share Certificates
1J^%; second term, l}i%;
fourth term, lH7o-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
15% on
series less
third term,
than 6 years old; after 6 years,
Rates and Averages on Loans
6%
(average, $4,105 each; average rate, 6.29%): 5%, $126,400; 5J^%, $268,100;
$697,600; 6i-^%, $2,750,750.
216 share loans (average. $231 each; average rate, 6.16%); 5%, $50; 5K%, $1,150; 6%, $6,750; 6}4%,
$42,100.
]5 loans on matured share certificates: 6%, $300; 6}^%, $5,700.
3 loans on paid-up share certificates: 6^2%, $2,050.
936
real estate loans
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
$12,444.95
3.09
$3,438.-56
.85
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
8,
52
Assets
Loans
Loans
Loans
Loans
.
.
Real estate by foreclosure, etc.
Banking house
Permanent expense account
Temporary expense account
Insurance and taxes paid
....
Personal accounts
Cash
.
192G
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
.
Part III.
$17,934,040
330,550
12,300
17,750
10,049
530,137
10,214
14,103
33
112
482,585
00
00
00
Dues
00
Paid-up
17
16
Forfeited share account
Matured share account
04
36
57
25
48
Guaranty fund
capital
Profits capital
$11,290,023
1,940,693
3,256,800
1,935,400
9,858
9,827
276,496
228,442
176,611
4,195
21
207,930
2,949
163
1,802
.
Matured share
certificates
share certificates
.
.
Surplus
Interest
Fines
Transfer fees
Due on uncompleted
loans
Security committee
Personal accounts
.
Rent and income
Real estate by foreclosure
14
00
00
16
88
75
26
91
89
50
00
50
71
46
202 33
456 54
.
Other
00
liabilities
$19,341,875 03
$19,341,875 03
I
....
....
....
....
.....
....
....
—
Me mbership
Shares
Members
Members who
66,102
Issued during year
46,673
Withdrawn during year
709
year
during
Forfeited
_8,883
Matured during year
255,803
force
in
Shares
103,343
Shares now pledged
16,284
Matured shares represented by certificates
9,677
Paid-up shares represented by certificates
DeSeptember,
June,
March,
in
issued
series
New
cember.
Holders
of:
20,721
5,465
are borrowers
Unmatured shares
Matured share certificates
Paid-up ihare
18,374
2,265
1,836
.
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, 114%',
second term, 1J^%; third term,
1J€%; fourth term,
1M%.
Proportions of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
each; average rate, 5.91%): 5%, $546,800; 5M%, $449,200; 5)4%,
$1,222,040; 5^4%, $1,000; 6%, $15,715,000.
average rate, 5.98%): 5%, $1,650; 5}i%, $1,600; 5i^%, $2,650;
each;
(average,
$215
loans
share
536
A S59 real
1
estate loans (averAse, $S,Q34:
6%,
$324,6.50.
39 loans on matured share
certificates:
50 loans on paid-up share
certificates:
6%,
6%,
$12,300.
$17,750.
Total Expenses for Year
Amount paid
for
Cost per $1,000
.
.
of assets
Salaries
Rent
Advertising
Other
Expenses
Total
$51,080 89
$12,000.00
$540.85
$10,923.40
.$74,545.14
2.64
.62
.03
.56
3.85
BRAINTREE — BRAINTREE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Braintree National Bank, Elm Street, Braintree, Old Colony Trust Company, 17 Court Street, and 167 Summer Street, Boston.)
Incorporated June 24, 1889.
James H.
Began business October
15,
1889
Charles B. Cummings, Treasurer
Kilbrith, President
Board of Directors- H. B. Blewett, G. T. Burnham, J. B. Crowe, C. B. Cummings*, C. R. Cummings, H. W.
Doane Marion C Gillett, D. B. Hall, H. D. Higgins, L. S. Joslin, J. H. Kilbrith*, Roger Lakin*, Joseph
Landers O B Oakman, F. G. Pennock, N. P. Potter, W. A. Ross, G. E. Sampson, H. S. Snow, G. W.
Stevens 'C A Sullivan, J. H. Sullivan, L. W. Thayer, H. L. White, R. E. Whitman, H. W. Woodworth.
Regular meetings for receipt of moneys, third Tuesday of each month.
* Security
Committee.
P.D.
8,
Part III.
53
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
19,
1926
Liabilities
,314,550 00
13,700 00
1,760 00
463 35
2,372 92
96 34
41,234 39
.....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Premiums
Fines
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
....
Security committee
Suspense
$1,374,177 00
....
—
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 scries issued in June, December.
5,125
1,791
53
1,294
13,908
7,199
2,374
155
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares
First term,
First
3%; second
term,
3%.
Matured Share Certificates
term, 2?^%; second term, 2%%.
Paid-up Share
First term,
Certificates
23^%; second term, 2}4%.
.Sfi.30,314
54
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Part III.
8,
1926
18,
Liabilities
Loans on real estate
Loans on shares
Temporary expense account
Insurance and taxes paid
Cash
$395,640 00
3,470 00
758 11
....
8 19
9,003 48
Dues capital
Profits capital
$246,877
44,682
57,400
38,200
225
7,519
3,451
9,722
364
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
18
03
75
36 20
400 GO
,
.
Withdrawal profits
Due on uncompleted loans
$408,879 78
00
49
00
00
50
80
83
$408,879 78
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 June, December.
1,214
482
20
135
Members
Members who
Holders
are borrowers
Unmatured shares
Matured share certificates
5,611
2,135
Paid-up share
552
183
....
...
of:
certificates
287
.
.
.
507
55
27
...
Profits Distributed
191
Unmatured Shares
3%; second
First term,
term,
3%.
Matured and Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25%
Certificates
23^%; second term, 2}4%.
First term,
on series
les.s
than 5 years old; after 5 years.
Rates and Averages on Loans
187 real estate loans (average, $2,116 each; average rate, 6%): 6%, $395,640.
20 share loans (average $174 each; average rate, 6%): 6%, $3,470.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$1,293.46
3.17
$240.00
$70.06
.17
Other
Expenses
$408.97
1.00
Total
$2,012.49
4.93
BROCKTON — CAMPELLO CO-OPERATIVE BANK
Incorporated October
Edward H.
3,
1877.
Began business October
1877
S,
Frank W. Clark, Treasurer
Keith, President
W.
Clark, T. F. Crowell, A. E. Cushing, Harry Dunbar, W. H. Emerson,
F. R. Hayward*. G. M. Howard, E. A. Keith, E. H. Keith, H. L. Kingman*, A. B. Marston, C. E. Moore,
W. T. Packard, Lars Peterson, H. C. Ripley*, F. M. Wade, H. H. Williams.
Board of
Directors: L.
H. Carr, F.
Regular meetings for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
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
Insurance and taxes paid
Cash
Loans
Loans
Loans
Loans
.....
11,
1926
Liabilities
Dues capital
Profits capital
00
00
00
00
800 00
5,071 00
Guaranty fund
1,799 89
Surplus
$4,558,400
117,650
2,650
3,800
97 68
99, .504 11
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Interest
Fines
.
....
Withdrawal profits
Due on uncompleted loans
Legal account
$4,789,772 68
* Security Committee.
$2,882,976
637,216
673,000
455,400
00
50
00
00
46 78
78,500 00
30,814 17
19,137 80
464 62
928 90
8,595 00
2,692 91
$4,789,772 68
P.D.
8,
Part III.
55
.....
Membership
Shares
Issued during year
Forfeited during year
98
Matured during year
Shares in force
Shares now pledged
1,634
50,611
27,240
3,365
2,277
Matured shares represented by
Paid-up shares represented by
New
Members
Members who
10,497
6,920
Withdrawn during year
certificates
certificates
Holders
— are borrowers
of:
4,355
1,762
.
Unmatured shares
Matured share certificates
Paid-up share
4,108
425
305
certificates
Profits Distributed
series issued in April, October.
Unmatured
First term,
3%; second
Matured Share
First term,
2%%;
Share.t
term,
3%.
Certificates
second term,
2U%.
Paid-up Share Certificates
First term, 2K%; second term, 2}4%.
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.
10% on
series
;
Rates and Averages on Loans
1,794 ^sol estate loans (average, $2,541 each; average rate,
411 share loans iavBTage, $286 each; average rate, 6%)
9 loans on matured share certificates: 6%, $2,650.
10 loans on paid-up share certificates: 6%, $3,800.
:
6%): 6%, $4,558,400.
6%,
$117,650.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$9,016.00
1.88
$1,170.00
$24.90
$2,912.34
.24
.01
.60
Total
$13,123.24
2.73
BROCKTON — MONTELLO CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: W. L. Douglas Shoe Co., E. E. Taylor Co., and
Geo. E. Keith Co.)
Incorporated Augu.st 11. 1911.
Began business September
Walter E. Johnson, President
14, 1911
Arvid E. Wetzell, Treasurer
of Directors: S. P. Alden, D. W. Battles, William Cochran, W. R. Cook, J. J. Cooper, J. L. Emery*,
H. Gordon, E. L. Gowdy, W. F. Hall*, H. C. Johnson, W. E. Johnson, P. S. Jones, M. D. Long, W. L.
Merrill, A. E. Nelson, R. A. T. Nelson, C. D. Nevins, J. B. Nye*, A. R. Perkins, F. L. Price, C. C. Reed,
B. J. Torrey, E. L. Tribou, A. E. Wetzell.
Board
J.
Regular meetings for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
-Unpaid
fines
....
certificates
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.
.
.
14,
1926
Liabilities
$1,097,650 00
14,365 00
975 00
10 38
225 00
1,060 50
80 64
45,394 63
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
.
* Security
00
13
00
00
00
48
18,819 35
8,014 59
2 25
Transfer fees
Withdrawal profits
Due on uncompleted loans
Due on foreclosure sale
$1,159,761 15
$505,455
97,343
434,600
63,800
54
19,225
286 79
12,050 00
110 56
$1,159,761 15
Committee.
P.D.
56
Part III.
8,
....
Membership
Shares
3,363
2,113
Issued during year
Withdrawn during year
43
807
Forfeited during year
.....
Matured during year
Shares in force
Shares now pledged
1
1,759
6,012
2,173
Matured shares represent,ed by certificates
319
Paid-up shares represented by certificates
New series issued in March, June, September December.
Members
Members who
Holders
of:
1,182
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
440
968
301
.
44
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1
1%%;
second term,
^8%; fourth term,
First term,
1M%;
1
Certificates
l%%;
third term,
ys%.
Paid-up Share Certificates
second term, lJi%; third term,
1K%;
1M%.
fourth 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.
10% on
series
Rates and Averages on Loans
$2,807 each; average rate, 6%): 6%, $1,097,650.
99 share loans (average, $145 each; average rate, 6%): 6%, $14,365.
share
certificates: 6%, $975.
£ loans on matured
391 real
estate loans (average,
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
$215.92
Other
Expenses
$978.17
Total
$5,771.02
.19
.84
4.98
Salaries
Rent
Advertising
$3,976.05
3.43
$600.88
BROCKTON — SECURITY CO-OPERATIVE BANK
Incorporated December 17, 1877.
Began business December
20, 1877
Grant D. Anthony, Treasurer
Bernard B. Winslow, President
Milton E. Smith, Assistant Treasurer
Board of Directors: G. D. Anthony, J. T. Corcoran*, H. S. Crocker, C. W. Dailey, Fred Drew, G. N. Gordon,
J. H. Gordon, M. J. Gordon, S. M. Havward*, J. N. Howard, ,1. J. Hurlev, Kenneth McLeod, J. B. Nve,
David Perkins, H. A. Poole*, F. M. Sherburne, G. A. Thatcher, E. M. Thompson, B. B. Winslow, F. T.
YoungQuist.
Regular meetings for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
.
.
Unpaid
fines
.
....
Real estate by foreclosure,
etc.
$5,518,350
112,220
10,140
5,700
4,030
00
00
00
00
Dues capita!
Profits capital
54
Forfeited share account
282 08
2,902 24
1,209 30
67,137 90
Temporar.v expense account
Insurance and taxes paid
Cash
1926
21,
Liabilities
Assets
.....
$2,856,424
563,045
1,465,600
552,000
23
126,590
105,176
39,325
5
13,782
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Interest
Transfer fees
Due on uncompleted
loans
34
37
75
00
$5,721,972 06
$5,721,972 06
....
....
....
....
.....
....
00
60
00
00
00
00
......
—
Membership
Shares
16,071
Issued during year
10,148
Withdrawn during year
141
Forfeited during year
2,654
Matured during year
62,963
Shares in force
31,029
Shares now pledged
7,328
Matured shares represented by certificates
certificates
2,760
by
represented
shares
Paid-up
New series issued in March, June, September, December.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share
certificates
.
.
.
5,995
1,885
.
.
.
.
.
4,988
1,069
.
.
.
563
.
Profits Distributed
First term,
V nmatured Shares
1%%; second term, 1%%;
1H%.
third term,
lVs%: fourth term,
Matured and Paid-up Share
1H%<
second term,
First term,
IH'/c; fourth term,
Ui%.
Proportion of profits retained on voluntary withdrawals, none.
Security Committee.
Certificates
1M%;
third term,
P.D.
Part
8,
57
III.
Rates and Averages on Loans
1,653 real estate loans (average, $3,553 each; average rate, 5.96%): 5)4%, $419,400; 6%, $5,098,950.
509 share loans (average, $220 each; average rate, 5.99%); 5}4%, $1,710; 6%, $110,510.
S8 loans on matured share certificates: 6%, $10,140.
S3 loans on paid-up share certificates: 6%, $5,700.
Total Expenses for Year
Other
Amount paid
for
of assets
.
.
Cost per $1,000
Salaries
Rent
Advertising
Expen.se3
$11,623.58
2.03
$3,889.28
$1,914.59
.68
.33
.$4,788.16
.84
Total
22,215.61
3.88
BROOKLINE — BROOKLINE CO-OPERATIVE BANK
Incorporated March
John W.
Shields, President
Board of
Directors:
13, 1S95.
Began business
May
1895
2,
Anna N.
Patten, Treasurer
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 BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Cash
7,
$25,000 00
1,869,275 00
49,850 00
1,577 69
189 34
2,890 97
.
....
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guarantv fund
Surplus
.
.
Due on uncompleted
.
.
.
.
.
.
.
.
loans
.
Dividends on matured share
$1,267,979
252,619
161,000
190,600
1,015
30,394
20,349
20,100
certifi-
2,382 50
cates
$1,948,783 00
$1,948,783 00
....
....
....
....
....
....
—
Membership
Shares
Forfeited during year
Matured during year
17
2,342 06
Dividends on paid-up share
Issued during year
00
00
00
62
73
92
00
certifi-
cates
Withdrawn during year
1926.
Liabilities
6,309
3,723
56
Members
527
Unmatured shares
Matured share certificates
2,036
151
995
Shares in force
27,082
Shares now pledged
10,356
Matured shares represented by certificates
805
Paid-up shares represented by certificates
953
New series issued in February, May, August, No-
vember.
2,167
IMembers who are borrowers
Holders of:
Paid-up share
146
certificates
Profits Distributed
Unmatured Shares and Matured Share
1?^%; second term,
lJi%.
First term,
!%%,
Certificates
third term,
1^-8'%; fourth term,
Paid-up Share
Certificates
1J^%; second term,
fourth term, 11^%.
First term,
1M%:
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
464
real estate loans
(,a.\-eTa,ge.,
m,02Q each; average
rate,
5.91%): 5i/2%, $133,400; 6%,
131 share loans (average, $381 each; average rate, 5.99%);
5H%,
$150;
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
6%,
$49,700.
1J^%;
third term,
P.D.
58
Part III.
8,
BROOKLINE — COOLIDGE CORNER CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 209 Washington Street, Boston)
Incorporated June 23, 1920.
Began business June
23,
1920
George R. Slader, Treasurer
James D. Henderson, President
W. D.
Allen, Samuel Barkin, G. M. J. Bates*, A. M. Berger, B. G. Carlson*, A. J. Caulfield, Eric Courtney, A. P. Crosby*, Earl Davidson, W. J. Davidson, R. C. Floyd, E. A. Hale, J. S. Hathaway, J. D. Henderson*, J. H. Henderson, M. D. Mealey, F. A. Niccolls, C. A. Norwood, W. W. Paige*,
J. M. Pullman, G. H. Richardson, D. A. RolHns, G. R. Slader, William Smith, Jr., E. H. Sondheim, W. H.
Stevens, E. L. Sturtevant, J. E. Thomas, G. H. Wyman.
Board of Directors:
Regular meetings
for receipt of
moneys the
third
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
....
....
....
20,
1926
Liabilities
.S464,650 00
13,334 00
325 73
4,187 70
Dues capital
Profits capital
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
.....
Withdrawal
profits
money borrowed
Due on uncompleted loans
Bills
payable for
Security committee
Overs and shorts
$482,497 43
'.
$364,807 00
P.D.
8,
Part III.
59
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Cash
13,
Liabilities
Dues
$499,350 00
10,194 00
360 00
22,589 09
capital
Profits capital
$303,489
59,360
156,800
5,203
3,395
2,000
200
.
Matured share certificates
Guaranty fund
Surplus
Due on uncompleted
loans
Security committee
....
Dividends on matured share
cates
....
....
.....
....
.
Withdrawn during year
Matured during year
.
.
13
39
00
00
2,044 91
$532,493 09
....
—
Membership
Shares
.
00
66
00
certifi
$532,493 09
Issued during year
1926
Members
Members who
2,113
1,178
are borrowers
745
183
Unmatured shares
Matured share certificates
660
120
Holders
272
Shares in force
7,063
Shares now pledged
2,894
Matured shares represented by certificate.-^
784
New series issued in February, May, August. November.
of:
Profits Distributed
U nmatured Shares and Matured Share Certificates
First term, 1%%; second term, 1?'8%; third term,
1 %%; fourth term, 1 %%.
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.
15% on
series
Rates and Averages on Loans
i5S 7-ea? esia^e Zoores (average, $3,264 each; average rate, 6.36%)
32 share loans (average, $.319 each; average rate, 6.44%): 6%,
1 loan on matured share certificates: QY2%' $360.
6%,
:
$137,050; 6}4%, $362,300.
$1,2.59;
G}4%,
$8,935.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
S2,079.00
3.91
$162.00
$122.05
Other
Expenses
$830.93
.30
.23
1.56
Total
$3,193.98
6.00
CAMBRIDGE — CENTRAL SQUARE CO-OPERATIVE BANK
Harvard Trust Company, Harvard Square,
Cambridge)
(Other authorized location for receipt of moneys:
Incorporated June 12, 1922.
Henry
Began business June
15,
1922
F. Ramhofer, President
John D. Crowley, Treasurer
Board of Directors: R. A. Ahern, Samuel Anderson, D. A. Buckley, R. R. Cameron, J. A. Carrig*, R. N.
Cazmay, J. D. Crowley, T. F. Downey, H. H. Fiske, C. A. Geilfuss, F. J. Good, J. F. Hayes, C. T.
MacDonald, B. E. McDermott*, E. E. McGonty, D. R. Morgan, E. F. O'Shea, Jr., S. W. Pill, J. W.
Powers*, H. F. Ramhofer, W. H. Reardon, Jr., M. W. Ryan, J. E. Shea, J. J. Shine*, W. J. Whchn, J. F.
White*, J. M. Whouley.
Regular meetings for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
21,
1926
Liabilities
5245,400 00
6,955 00
Dues capital
Profits capital
421 87
7,827 55
Paid-up share
.
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Withdrawal profits
Security committee
Rents
.
$260,604 42
$260,604 42
* Security
$213,873 00
15,991 76
23,600 00
1,246 55
1,194 69
1,885 07
2,489 49
97 60
139 26
12 00
75 00
Committee.
60
Shares
P.D.
8,
61
Part III.
Total Expenses for Year
Amount
paid for
$2,433.12
3.42
.
Cost per $1,000 of assets
$462 80
$11.25
Other
Expenses
$289.61
.65
.02
.41
Rent
Salaries
Advertising
.
Total
$3,196.78
4.50
CAMBRIDGE — INMAN CO-OPERATIVE BANK
Began business July
Incorporated June 16, 1913.
Charles
7,
1913
Edmund
President
S. Cahill,
T.
Howard, Treasurer
Board of Directors: J. J. Boyle, C. S. Cahill*, J. J. Cannev, J. S. Cassedy*, E. A. Counihan, Jr., A. B. Fopiano,
M.' F. Groden, R. L. Ham, M. J. Harty*, W. F. Havertv, E. T. Howard, J. H. Hurley, J. F. Kelley,
Thomas Leighton, Jr., A- E. Lynch*, G. F. McKelleget, L. T. Mylcs, J. H. O'Brien, D. F. Owens, J. J.
Quinlan*, F. F. Rogers,
Jr.,
E.
J. St.
Coeur.
Regular meetings for receipt of moneys the third
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Cash
.....
1926
18,
Liabilities
Dues capital
Profits capital
,564,661 00
$1,001,637
208,487
334,800
64,200
.
54,382 00
5,335 00
Mat\ired share certificates
Paid-up share certificates
Forfeited share account
800 00
444 82
Interest
6,156 21
.
Fines
Transfer fees
126 78
1
Withdrawal profits
Due on uncompleted loans
Security committee
$1,648,497 23
Membership
Shares
Issued during year
Members
Members who
6,368
3,571
Forfeited during year
00
401 50
14,400 00
37 00
$1,648,497 23
Withdrawn during year
12
Surplus
Guaranty fund
22,874 41
00
00
00
548 45
13,280 24
4,421 93
Holders
102
Matured during year
1,443
Shares in force
23,305
Shares now pledged
9,819
Matured shares represented by certificates
1,674
Paid-up shares represented by certificates
321
New series issued in January, April, July, October.
of:
—
1,962
are borrowers
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
certificates
539
1,816
249
61
Profits Distributed
Unmaticred Shares
1^%; second term, l}i%; third term,
fourth term, 1}4%-
First term,
13^%;
Matured Share
Certificates
1%%; second term, 15-s%; third term,
fourth term, 15^%.
First term,
1^%;
Paid-up Share
Certificates
134%; second term,
l}i%; fourth term, l}i%-
First term,
1K%;
third term,.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averag^es on Loans
376 real estate loans (average, $4,161 each; average rate, 6%): 6%, $1,563,461; 7%, $1,200.
22S share loans {average, $245 ea.ch; average rate, 6.01%); 6%, $53,882; 7%, $500.
9 loans on matured share certificates: 6%, $5,335.
1 loan on paid-up share certificates: 6%, $800.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$4,129.00
2.51
$714.81
$170.89
$1,420.69
.43
.11
.86
* Security
Committee.
Total
$6,435.39
3.91
62
P.D.
8,
Part III.
CAMBRIDGE — NORTH CAMBRIDGE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 424 Massachusetts Avenue, Lexington)
Incorporated June 27, 1912.
Began business July
9,
1912
Frank E. Viano, President
Edward
Griffin, Treasurer
Bowen, H. C. Brown, H. E. Clark, J. J. Conley, J. W. Connor* J. B. Dore, O. C.
Francis*, T. I. Freeburn, Isidore Gottesman, Edward Griffin, J. H. Harrington, T. E. Kennedy, John D.
I>ynch*, J. D. Lynch, T. W. Lynch, John McKenzie*, C. O. Mason, F. X. Masse, P. J. Nelligan, James
Board of Directors:
Proudfoot, L.
S. P.
J.
Reynolds, E. L. Tyler, A. E. Viano, F. E. Viano*.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Bank
discount
Cash
00
00
00
00
78
230 00
82,275 51
$1,787,850
55,185
10,930
1,015
231
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Withdrawal
profits
Bills payable for money borrowed
Due on uncompleted loans
Security committee
Personal accounts
$1,937,717 29
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
13,
1926
Liabilities
10,359
5,010
57
1,732
26,499
11,227
2,645
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
494
New series issued in January, April, July, October.
.
$1,036,059
P.D.
8,
Part
63
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Banking house
Unpaid interest
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
Loans
Loans
Loans
Loans
1926
13,
....
Assets
Liabilities
$3,651,375
76,485
12,565
2,740
6,633
89,800
9,406
1,360
00
00
00
00
Dues capital
Profits capital
41
Forfeited share account
00
Guaranty fund
18
Surplus
Paid-up
00
763 91
417 79
....
$2,005,091
386,299
1,091,400
208,200
1,006
103,000
3,181
20,056
Matured share
.
Interest
Fines
Transfer fees
Withdrawal
26,897 14
00
19
00
00
88
00
86
85
409 34
25
318 91
50,000 00
certificates
share certificates
profits
payable for money borrowed
Due on uncompleted loans
Bills
9,425 15
54 00
Security committee
$3,878,443 43
$3,878.443 43
Membership
Shares
Issued during year
Members
Members who
12,129
6,589
Withdrawn during year
Forfeited during year
Matured during year
2,287
Shares in force
45,209
Shares now pledged
20,289
Matured shares represented by certificates
5,457
Paid-up shares represented by certificates
1,041
New series issued in January, April, July, October.
—
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share certificates
.
.
.
of:
4,029
1,218
....
.
Holders
77
are borrowers
3,497
801
185
Profits Distributed
Unmatured Shares
l%o; second term, 1%6%;
fourth term, l«/ie%.
First term,
1%6%;
third term,
Matured Share Certificates
l^io%; second term, 1%6%; third term,
fourth term, 1%6-
First term,
1%8%;
Paid-up Share
Certificates
First term, l^i%', second term,
fourth term 1
1 hi
%
Proportion of profits retained on voluntary withdrawals,
25%
on
M%
,
;
series less
than 5 years
1M%;
old;
10%
third term.
thereafter.
Rates and Averages on Loans
891 real estate loans (a.verage, $4,098 each; average rate, 5.93%):
$481,300; 57/10%, $500; 6%, $3,141,075.
715 share loans (average, $107 each; average rate, 6%): 6%, $76,485.
19 loans on matured share certificates: 6%, $12,565.
6 loans on paid-up share certificates: 6%, $2,740.
5%,
5!^%
$27,300;
$1,200;
51^%,
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
$8,580.04
2.21
$2,024.98
$169.00
Other
Expenses
$1,738.18
.52
.04
.45
Advertising
Total
$12,512.20
3.22
CANTON — CANTON CO-OPERATIVE BANK
Incorporated January
10, 1S91.
Began business February
John B. Robinson, President
10,
1891
James E. Grimes, Treasurer
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.
* Security
Committee.
64
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
12,
$981,350
29,380
150
900
25,652
....
00
00
00
49
08
Dues capital
Profits capital
$770,672 00
169,017 36
15 00
36,801 84
22,759 24
18,317 00
13,418 59
821 45
384 51
.
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Premiums
Fines
Transfer fees
.
1 00
724 58
Withdrawal profits
Due on uncompleted loans
$1,037,432 57
4,500 00
$1,037,432 57
.....
—
Membership
Shares
Issued during year
2,482
1,377
Withdrawn during year
Matured during year
748
Shares in force
Shares now pledged
series issued in
14,952
5,838
Members
Members who
Holders
of:
are borrowers
Unmatured shares
February, August.
Profits Distributed
Unmatured Shares
second term, 3Vio%.
First term, 3i/io%;
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
4t5
average rate, 6.30%); 63/io%, $981,350.
69 share loans (average, $426 each; average rate, 6.30%): 63/io%, $29,380.
real estate loans (average, $2,364 each;
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
1926
Liabilities
Loans on real estate
Loans on shares
Common form mortgages
Temporary expense account
Cash
New
Part III.
8,
$1,875.00
l.SO
1,292
484
1,292
P.D.
65
Part III.
8,
....
....
....
....
.....
....
......
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
2,070
1,077
14
317
Matured during year
8,436
Shares in force
3,724
Shares now pledged
899
Matured shares represented by certificates
98
Paid-up shares represented by certificates
New series issued in February, May, August, November.
Members
Members who
Holders
of:
— are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share certificates
.
.
...
.
.
Unmatured Shares and Matured Share
1%%\ second term,
1J^%; fourth term, 1?^%.
First term,
1?^%;
1M%;
1^%-
Rates and AveraE^es on Loans
$2,067 each; average rate, 6.28%): 6%, $443,750;
share loans (average, $343 each; average rate, 6%); 6%, $15,784.
loan on matured share certificates: 6%, $900.
estate loans (average,
Total Expenses
Salaries
Amount
paid for
Cost per $1,000
.
of assets
99
4.34
.$2,818
777
133
15
Certificates
third term,
Paid-up Share Certificates
second term, 1M%; third term,
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
4.6
1
.
875
339
Profits Distributed
First term, 1)4,%',
298 real
.
7%,
$172,325.
P.D.
66
Part III.
8,
Rates and Averages on Loans
414
'6'J'
,405 each;
estate loans (average
$1,297,450.
108 share loans (average, $413 each; average
5%,
average rate, 5.95%):
rate,
$4,300;
6%,
5J^%, $107,650;
6%): 6%, $44,630.
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
Salaries
Rent
Advertising
$5,025.25
3.25
$903.04
$598.75
.58
.39
Other
Expenses
Total
$2,541.74
1.64
$9,068.78
5.86
CHELSEA — VICTORY CO-OPERATIVE BANK
Incorporated February 24, 1920.
Thomas
Began business March
8,
1920
Daniel H. Sullivan, Treasurer
F. Driscoll, President
Board of Directors: J. M. Bloomberg, Campbell Bosson. W. F. Callahan, J. J. Carroll, T. F. Driscoll, J. J.
Foley, G. W. Ford*, C. A. Malone, .1. J. McBride, D. J. McCarty, C. J. McDonough, W. J. Murdock,
J.
F Murphy,
J. L.
Murphy,
F.
W.
Proctor,
Jr.,
Julius Rosenberg, Abraham Salter, Joseph Slotnick, J. M.
J. F. Sullivan, J. F. Tierney*, Maurice Tobey, E. J.
Smith, Daniel H. Sullivan*, D. Henry Sullivan,
Yoke, J. F. Webber.
Regular meetings for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Temporary expense account
Cash
.
.
.
.
1926
11,
Liabilities
Assets
.
$231,150 00
5,950 00
27 05
3,899 62
Dues capital
Profits capital
$185,792 00
24,118 00
16,000 00
456 29
2,098 84
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
5,802 11
2,905 36
41 26
Interest
Fines
Transfer fees
Withdrawal
Bills
Due
25
.
62 56
profits
payable for money borrowed
on uncompleted loans
2,600 00
1,150 00
$241,026 67
$241,026 67
....
—
Membership
Shares
Issued during year
1,342
Withdrawn during year
761
50
Forfeited during year
5,097
Shares in force
1,506
Shares now pledged
80
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Members
Members who
Holdens
of:
517
107
are borrowers
Unmatured shares
Paid-up share
507
19
certificates
Profits Distributed
Unmatured Shares
First term,
1H%;
1%%;
second term,
fourth term,
First term,
1^%-
1%%;
third term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
134%; fourth term, 1J^%.
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.
15% on
series
Rates and Averages on Loans
S5 rea/ esio^e /oores (average, $2,719 each; average rate, 6.86%): 6%, $27,-300; 6)^%,
£3 share loans (average, $270 each; average rate, 7%): 7%, $5,950.
.$8,500;
7%,
$195,.3.50
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$866.66
3.59
$420.00
1.74
* Security Committee.
Advertising
$80.25
.33
Other
Expenses
$303.97
1.26
Total
$1,670.88
6.92
P.D.
8,
67
Part III.
CHESTER — CHESTER
CO-OPERATIVE BANK
Incorporated December 31, 1923.
Began business January
Board of Directors:
C. F. Pease*,
10,
1924
Alfred E.
Frank Fay, President
Hemenway,
Treasurer
E. Cooney, S. J. Donnelly*, Frank Fay, John Hakola, A. E. Hemenway, J. H. Keefe,
E. Ranta, J. L. Ripley, Thomas Rose*, L. N. Smith, W. H. Stevens, M. W. Terrill.
J.
J.
Regular meetings for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on
.
$43,500 00
2,190 00
55 64
real estate
Loans on shares
Temporary expense account
Cash
.
.
.
14,
1,770 21
,
Dues capital
Profits capital
Surplus
$40,536 00
1,924 37
3,600 00
142 65
377 87
Interest
862 40
.
Paid-up share certificates
Guaranty fund
Fines
Transfer fees
30 21
25
Withdrawal profits
Security committee
12 10
30 00
$47,515 85
$47,515 85
....
....
.....
269
437
Withdrawn during year
Shares in force
Shares now pledged
Paid-up shares represented by certificates
New series issued in January, July.
.
.
.
....
—
Membership
Shares
Issued during year
1,655
416
IS
Members
Members who
Holders
of:
are borrowers
on voluntary withdrawals,
25%
of the last distribution.
6%) 6%, $43,500.
6%, $2,190.
:
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1 ,000 of assets
$85.00
1.95
Rent
Certificates
2}^%; second term, 2}^%.
Rates and Averages on Loans
21 real estate loans (average, $2,071 esich; average rate,
16 share loans (average, $137 each; average rate, 6%);
37
204
5
shares
Paid-up share certificates
Profits Distributed
Unmatured Shares and Paid-up Share
of profits retained
208
.
Unmatured
First term,
Proportion
1926
Liabilities
Assets
P.D.
68
Shares
8,
Part III.
P.D.
8,
69
Part III.
Rates and Averages on Loans
SS6 real estate loans (.avorage, $2,508 each; average rate, 5.94%) 5%, $27,500;
82 share loans (average, $294 each; average rate, 6%): 6%, $24,078.
2 loans on matured share certificates: 6%, $1,400.
3 loans on paid-up share certificates: 6%, $260.
:
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
5M%.
$7,100;
0%, $532,130.
70
P.D.
8,
Part III.
CLINTON — CLINTON CO-OPERATIVE BANK
Incorporated September 23, 1887.
"William L.
Began business October
Hubbard, President
20,
1887
Charles L. Stevens, Treasurer
Katherine T. Durkin, Assistant Treasurer
Cannon, W. J. Cox, H. E. Greenwood, C. H. Hastings, Charles Heinritz, L. M.
N. L. Howe*, W. L. Hubbard, G. C. Hudson*, E. H. Jaquith, H. W. Pickford, B. D. Richter,
Board of Directors: P.
Hills,
J.
C. L. Stevens*, A. R. Stevenson, F. F. Wallace.
Regular meetings for receipt
of
moneys the
third
Thursday
month.
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
:,287,105 00
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Temporary expense account
25,812 00
400 00
10,434 75
1,077 45
89 28
28,513 05
.....
Personal accounts
Cash
21,
1926
Liabilities
.
Dues capital
Profits capital
$1,066,216
219,005
800,600
143,200
Matured share
certificates
share certificates
Paid-up
00
71
00
00
48 36
Forfeited share account
Guaranty fund
32,081 48
28,068 96
13,424 62
Surplus
Interest
Fines
Transfer fees
Bills payable for
413 90
.
1 60
40,000 00
10,350 00
money borrowed
Due on uncompleted
loans
Security committee
21 00
$2,353,431 53
$2,353,431 53
....
—
Membership
Shares
Issued during year
Alembers
7,741
4,355
6
1,457
25,083
12,763
4,003
Withdrawn during year
Forfeited during year
Matured during year
Members who
787
Unmatured shares
Matured share certificates
1,994
691
Holders
Shares in force
Shares now pledged
Matured shares represented by certificates
716
Paid-up shares represented by certificates
New series issued in January, April, July, October.
2,425
are borrowers
of:
Paid-up share
.
136
certificates
Profits Distributed
Uyimatured Shares and Matured Share Certificates
1M%\ second term, 13^%; third term,
First term,
13^%; fourth term, 1>^%.
Paid-up Share
Certificates
1M%; second term,
fourth term, 134%.
1M%;
First term,
1H%;
third term,
Proportion of profits retained on vohmtary withdrawals, none.
Rates and Averages on Loans
719
real estate loans
(average, $3,181 each;
average rate, 6.84%):
53^%,
3,675;
6%,
$144,200;
7%,
S2,002,230.
55 sAaretoares (average, $.397 each; average rate, 6.99%); 53^%, $75; 6%,
3 loans on matured share certificates, 7%, $400.
);
7%,
$25,637.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
CLINTON
Salaries
Rent
$5,952.15
2.52
$750.11
$153.06
Other
Expenses
$1,813.50
.32
.06
.77
— WACHUSETT
Incorporated March
James
J.
6,
1913.
Advertising
Total
$8,668.82
3.67
CO-OPERATIVE BANK
Began business March
13,
1913
Lyman
Goodwin, President
C. Ayers, Treasurer
C. Millie Leighton, Assistarit Treasurer
L. C. Avers, G. A. Brown, H. A. Burdett, J. H. Coughlin, J. M. DonW. Forrester, J. F. Fuller, J. J. Goodwin, G. H. Hager*, J. D. Hamilton, H. F. Hartwell, F. E.
Howard*, N. E. Mather. W. R. Mitchell*, J. B. O'Toole*, J. H. O'Toole, A. O. Perhajn*, E. O. Pratt,
A. J. Ruane, A. T. Saunders, N. A. Seymour, F. G. Stowers, E. T. Willson, Jr.
Board of Directors: E. R. B. AUardice,
nelly, J.
Regular meetings for receipt of moneys the second Thursday of each month.
* Security Committee.
P.D.
8,
*
Part III.
71
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans
Loans
Loans
Loans
Liabilities
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
.
14, 1926
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Insurance and taxes paid
Cash
.....
$847,576 00
185,.371 70
572,000 00
88,800 00
258 29
17,678 67
Dues capital
Profits capital
$1,670,570 00
28,620 00
3,075 00
5.50 00
8,320 64
500 00
1,188 88
411 57
40,493 87
.
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
8,246 70
20,209 99
Surplus
Interest
579 89
2 25
162 15
12,755 82
88 50
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
$1,753,729 96
$1,753,729 96
....
....
....
.....
....
.
.
.
....
—
Membership
Shares
Members
Members who
9,164
Issued during year
4,444
Withdrawn during year
351
Forfeited during year
1,746
Matured during year
20,803
Shares in force
9,376
Shares now pledged
2,860
Matured shares represented by certificates
certificates
444
represented
by
Paid-up shares
New series issued in March, June, September, December.
Holders
.
of:
2,072
571
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,733
475
.
113
certificates
Profits Distributed
Unmatured Shares and Matured Share
1>^%;
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
Certificates
lli%; second term,
fourth term,
50%
1M%-
1M%;
real estate loans (average, $3,488 each;
average rate, 6.95%):
SI s^iore tooTis (average, $353 each; average rate, 7%)
S loans on matured share certificates : 7%, .$3,075.
S loans on paid-up share certificates: 7%, $550.
:
7%,
6%,
$28,620.
Total Expenses for Year
Amount
paid for
Cost per $1,000
.
of assets
third term,
of last 3
months' dividend.
$81,800;
7%,
Rates and Averages on Loans
479
third term,
fourth term,
First term,
1M%;
Certificates
l}4%; second term, lJ-^%;
13^%.
First term,
$1,.588,770.
72
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure,
Personal accounts
etc.
.
Cash
19,
$370,850 00
7,454 00
3,527 42
84 90
11,481 56
Dues capital
Profits capital
$288,746 00
.59,036 95
31,200 00
298 51
4,625 62
7,882 .54
1,000 00
223 26
.
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Due on uncompleted
loans
Security committee
Dividends on paid-up share
cates
.
.
.
certifi-
385 00
.
$393,397 88
$393,397 88
Forfeited during year
....
—
Membership
Shares
Withdrawn during year
782
535
36
5,371
Shares in force
2,124
Shares now pledged
156
Paid-up shares represented by certificates
August,
in
February,
May,
Noseries
issued
New
vember.
Members
Members who
Holders
of:
are borrowers
600
183
.
Unmatured shares
Paid-up share
572
28
certificates
Profits Distributed
Unmatured Shares and Paid-up Share
1M%; second term,
fourth term, 1M%.
First term,
1M%;
1M%I
Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old;
from 4 to 8 years old; after 8 years, none.
Rates and Averages on Loans
167 real estate loans (average, $2,221 each; average rate, 6%): 6%, .$370,850.
£3 share loans (average, $324 each; average rate, 6%): 6%, $7,454.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
1926
Liabilities
Surplus
Issued during year
Part III.
8,
$1,165.00
2.96
Rent
1.05
dvertising
Certificates
third term,
123^% on
series
P.D.
73
Part III.
8,
....
....
....
.....
....
......
Membership
Shares
Issued during year
Withdrawn during year
5,651
4,861
36
9,355
Shares in force
2,831
Shares now pledged
241
Paid-up shares represented by certificates
New series issued in February, May, August, NoForfeited during year
vember.
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Paid-up share
....
certifinates
Profits Distributed
Unmatured Shares and Paid-up Share
First term,
1M%;
1M%;
second term,
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
131 real estate loans (average, $3,402 each; average rate,
S6 share loa7is (average, $155 each; average rate, 6%):
1 loan on paid-up share certificates: 6%, $300.
6%): 6%, S411,600.
6%, $13,31'.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
.
\M%;
895
186
866
70
Certificates
third term,
P.D.
74
8,
Part III.
Rates and Averages on Loans
295
real estate loans (average, $2,731 each;
5H%.
average rate, 5.96%):
41 share loans (average, $369 each; average rate, 6%):
6 loans on matured share certificates: 6%, $1,445.
6%,
6%,
$64,150;
$741,390.
$15,125.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$2,253.04
2,68
$273.85
$412.33
.33
.49
Other
Expenses
Total
$4,449.29
5.30
$1,510.07
1.80
DEDHAM — DEDHAM CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Office of
Incorporated February 11, 1886.
W. W. Baker, Westwood)
Began business February
16, 1886.
Anne
Frank W. Power, President
F. Smith, Treasurer
of Directors: W. W. Baker, M. A. Carney, E. N. Cartwright, A. N. Daniels*, A. D. Hibbard, D. J.
Hurley, P. W. Hutchison, F. B. Kingsbury, F. W. Power, J. J. Sweeney*, F. H. Valentine, A. O. Withington*, J. W. Withington.
Board
Regular meetings for receipt of moneys the third Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Loans
Loans
Loans
Loans
.
,175,740 00
40,305 00
850 00
1,700 00
1,700 00
.
5,199 91
268 50
Unpaid interest
Unpaid premiums
Unpaid fines
Insurance and ta.xes paid
Cash
....
.
554 64
534 17
47,055 41
....
...
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
.
.
.
.
$1,447,221
344,928
215,200
128,200
Surplus
Due on uncompleted
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
00
38
00
00
28 00
Forfeited share account
Guaranty fund
45,686 59
55,483 00
28,698 19
.
certifi-
5,257 47
certifi-
3,205 00
$2,273,907 63
$2.273,907 63
......
—
Membership
Shares
Issued during year
Withdrawn during year
1926
19,
Liabilities
.
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 IMay, Nov ember.
5,809
2,292
15
1,244
27,893
12,858
1,076
641
Men\bers
Members who
2,364
are borrowers
819
Unmatured .ahares
Matured share certificates
2,341
Holders
of:
....
Paid-up share
177
116
certificates
Profits Distributed
Unmatured Shares
First term, 3%; second term, 3%.
Matured and Paid-up Share
First term,
Certificates
2,^%; second term, 2}4%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
721 real estate loans (average, $3,018 each; average rate, 6.3%); 63/io%, $2,175,740.
loS share loans (average, $255 each; average rate, 6.3%): 6%o%> $40,305.
3 loans on matured share certificates: 6%, $850.
2 loans on paid-up share certificates: 6%, $1,700.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$6,642.05
2.92
$554.11
* Security Committee.
Advertising
$25.00
.01
Other
Expenses
$2,785.46
1.23
Total
$10,006.62
P.D.
8,
75
Part III.
DIGHTON — NORTH DIGHTON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Engine Hall, Dighton)
Incorporated April
Edward
14, 1890.
Began business April
21, 1S9(J
Dwight
T. Cocker, President
Board of
W.
Directors:
J.
F. Lane, Treasurer
Briggs, L. E. Briggs*, C. F. Brownell*, H. T. Childs, Alexander
F. Driscoll, J. H. Goff, D. F. Lane, Helen H. Lane, E. E. Lincoln* H. B.
AspinwaU, C.
11.
Chisholm, E. T. Cocker, J.
SeekeU, E. E. Spencer, E. F. Walker.
Regular meetings for receipt
of
moneys the second Monday
month.
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
192G
13,
....
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Temporary expen.se account
Insurance and taxes paid
Pass book account
Cash
.8487,010 00
00
00
1,860 28
145 ,55
100 20
44 80
4,38.5
2,64.5
.....
.
10,.364 71
Dues
$288,522 00
capital
Profits capital
54,281
123,000
11,200
5
8,959
5,200
2,288
44
12,000
1,000
54
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Bills payable for
money borrowed
Due on uncompleted
loans
Security committee
$505,555 54
2S
00
00
00
95
53
16
62
00
00
00
$506,555 54
......
—
Membership
Shares
Issued during year
1,367
Withdrawn during year
Matured during year
988
151
6,370
2,705
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New series issued in April, October.
Members
615
who
516
217
are borrowers
.
.
.
Unmatured shares
Matured share certificates
.
.
.
101
Paid-up share certificates
.
.
.
11
A'lembers
Holders
of:
....
472
56
Profits Distributed
Unmatured Shares
atid
Matured Share
First term,
2J^%; second term,
First term,
2}4%;
Paid-up Share
Certificates
2%%.
Certificates
.second term, 2^-i%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate, 5.90%): 5Vio%, $35,875; 5>^%, $44,000;
$407,135.
15 share loans (average, $292 each; average rate, 5.98%) 5Vio%, $125; 6%, $4,260.
4 loans on matured share certificates: 6%, $2,645.
19d real
estate loans
(average, .$2,497 each;
6%,
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of
.
a.s.sets
EAST BRIDGEWATER
Salaries
Rent
$750.00
1.48
$71.35
— EAST
Incorporated February
Other
Expenses
$308.58
Advertising
.14
.61
Total
$1,129.93
2.23
BRIDGEWATER CO-OPERATIVE BANK
12, 1913.
Began business April
Charles L. Nutter, President
1,
1913
Fred E. Fuller, Treasurer
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*.
Board of Directors:
J.
R. Baker,
Regular meetings for receipt of moneys the third
* Security Committee.
Monday
of
each month.
P.D.
76
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
Cash
....
8,
Part III.
15, 1926
P.D.
8,
Part III.
77
....
Shares
Membership
Issued during year
Withdrawn during year
585
398
Forfeited during year
10
Matured during year
80
Shares in force
Shares now pledged
Matured shares represented
New
series issued in
Members
Members who
3,668
1,644
bj' certificate;
May, November.
327
110
Unmatured shares
Matured share certificates
391
73
of:
25% on
series less
Rates and Averages on Loans
87 real estate loans (avejage, $3,361 each; average rate, 6%): 6%, $292,390.
28 share loans (average, $179 each; average rate, 6%): 6%, $5,020.
1 loan on matured share certificates: 6%, $325.
Total Expenses for Year
paid for
Cost per $1,000
.
of assets
.
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 2H%; second term, 2^%.
Proportion of profits retained on voluntary withdrawals,
none.
Amount
420
— are borrowers
Holders
than 4 years old; after 4 years,
P.D.
78
Part III.
8,
Rates and Averages on Loans
344 '''^ol estate loans (average, $2,389 each; average rate, 6%): 6%, $821,650.
34 share loans (average, $394 each; average rate, 6%): 6%, $13,490.
1 loan on paid-up share certificates: 6%, $900.
Total Expenses for Year
Amomt paid for
Cost per $1,000
.
of assets
Salaries
Rent
$3,144.67
3.59
$273.00
$5.00
.31
.01
Other
Expenses
$719.07
Advertising
Total
$4,141.74
4 73
.82
.
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
Ernest R.
Board of Directors: D. P. Bailey, F. E. Boyd, E. R.
Ladd*, C. C. Nichols,
1890
14,
Charles B. Ladd, President
J.
W.
Philbrick*,
Fall, Treasurer
G. E. Hunt, F. E. Jenniogs, C. B.
C. Simes, E. B. Slocum.
Fall*, C. S. Hallett,
W.
Rockwood, W.
J.
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Temporary expense account
Cash
....
1926
18,
Liabilities
Dues capital
Profits capital
$2,194,900 00
41,380 00
6,565 00
650
197
766
27,063
$1,113,922 00
201,756 4(>
854,400 00
44,400 00
.
Matured share
certificates
share certificates
Paid-up
00
11
Forfeited share account
75
Guaranty fund
43
Surplus
367
29,832
11,779
8,191
69
77
34
1 75
92 52
6.700 00
78 00
Interest
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
$2,271,522 29
$2,271,522 29
Forfeited during year
Matured during year
......
—
Membership
Shares
Issued during year
Withdrawn during year
76
7,677
3,616
Members
Members who
11
1,251
Holders
of:
are borrowers
....
.
Unmatured shares
Matured share certificates
Shares in force
27,611
13,946
Shares now pledged
Matured shares represented by certificates
4,272
222
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Paid-up share
.
.
...
.
certificates
.
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
1^%;
1J8%; second term,
fourth term,
First term,
1M%;
1%%.
1%%;
2,863
744
2,289
670
40
Certificates
third term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1M%.
Proportion of profits retained on voluntary withdrawals, 15% on series less than 5 years old;
from 5 to 8 years old; after 8 years, none.
10% on
series
Rates and Averages on Loans
616 real estate loans (average, $3,563 each; average rate, 6%): 6%, $2,194,900.
21S share loans (average, $192 each; average rate, 6%): 6%, $41,380.
So loans on matured share certificates: 6%, $6,565.
2 loans on paid-up share certificates: 6%, $650.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
$5,589.08
2.46
* Security
Advertising
Other
Expenses
1,956.92
$568.88
$1,951.99
.86
.25
.86
Rent
Salaries
Committee.
Total
$10,066.87
.
P.D.
8,
Part III.
79
FALL RIVER
FALL RIVER CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Massasoit-Pocasset National Bank, Office
Fall River Bleachery, Office Lincoln & Hood)
Incorporated December
1888.
1,
Began business December
12,
1888
Rudolphus N.
George O. Lathrop, President
Allen, Treasurer
Annie E. Brownell, Assistant Treasurer
Board of Directors: R. N. Allen, Jefferson Borden, Jr., S. H. Borden, M. R. Brown, R. W. Burrell, C. E. Bury,
C. D. Davol, E. J. French, H. M. Hathaway, P. H. Hood, E. B. Jennings, G. O. Lathrop, C. K. Lincoln,
E. A. Lincoln*, E. B. Lovell, F. J. McLane*, R, G. Riley, J. J. Sampson, F. E. Westgate.
Regular meetings for receipt
moneys the second Wednesday
of
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
liOans on real estate
Loans on shares
Loans on matured share certificates
I,oans on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
,085,600 00
00
00
00
00
1,451 07
94,750
3,250
1,700
2,680
Temporary expense account
Personal accounts
Deposit in savings account
Security committee
Cash
14,
1926
Liabilities
....
Dues capital
Profits capital
$2,742,299
507,367
425,400
379,000
Matured share
Paid-up
Forfeited share account
.
Guaranty fund
1,216 19
211 lo
11,187 45
Surplus
96 50
72,212 32
Due on uncompleted
Interest
Fines
....
Personal accounts
Due on
10
41,887 15
814 13
26,550 00
13 68
loans
.
foreclosure sale
00
00
00
47 99
74,936 25
76,029 44
certificates
share certificates
9 94
.
$4,274,354 68
$4,274,354 68
Membership
Shares
Issued during year
14,390
12,291
Withdrawn during year
157
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,
1,236
59,689
24,442
2.127
1,895
Members
Members who
are borrowers
4,718
1,741
Unmatured shares
Matured share certificates
4,505
317
Holders of
:
Paid-up share
260
certificates
Profits Distributed
»
U nmatured
First term, 2
Shares
5^%; second term, 2Ji%.
Matured and Paid-up Share Certificates
23^%; second term, 214%.
First term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
l,d01 real estate loans (average, $2,722 each; average rate, 5.96%): 53^%, $357,800; 6%, $3,727,800.
J41 sAare Zoans (average, $278 each; average rate, 5.98%): 5>-^%, $3,900; 6%, $90,850.
•5 loans on matured share certificates:
5J^%, $2,300; 6%, $950.
3 loans on paid-up share certificates: 6%, $1,700.
Total Expenses for Year
.\mount paid for
Cost per $J,000 of assets
.
FALL RIVER
Salaries
Rent
Advertising
Other
Expenses
$9,184.30
1,255.78
$337.61
$2,078.41
.08
.49
— LAFAYETTE
Total
$12,856.10
3.01
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Fall River Trust Co. Branch, 1465 Pleasant
Street)
Incorporated April 11, 1894.
Edmond
Began business
May
3,
1894
Samuel E. Robinson, Treasurer
Cote, President
Board of Directors: J. C. Brady, Amable Chouinard*, Edmond Cote, W. E. Fawcett, Elzear Fournier, W. J.
Hickev, A. H. Leeming, Hubert Legare, Joseph Menard, Nathan Miller*, C. E. Peloquin*, A. S. Phillips,
Oliva St. Denis, F. M. Silvia, R. C. Small, N. P. Tessier, J. E. Torphy.
Regular meetings for receipts of moneys the
* Security
first
Wednesday
Committee (one vacancy)
of each
month.
^^
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
6,
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Part III.
1926
Liabilities
SI, 651, 900
42,950
100
3,549
3,062
21,181
.....
Temporary expense account
Cash
Dues capital
Profits capital
00
00
00
83
38
00
$1,120,508
186,856
156,600
135,600
167
34,100
33,782
49,833
00
60
00
00
85
36
83
45
991 86
2 20
4,300 00
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Withdrawal profits
Due on uncompleted loans
$1,722,743 21
....
....
....
.....
....
$1,722,743 21
Shares
.
New series
issued in
.
.....
—
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
6,767
4,863
lo
Member.?
Members who
'
.
Holders
469
24,364
9^675
of:
1,649
are borrowers
549
....
Unmatured shares
Matured share certificates
.
Paid-up share
.
783
678
1,649
',
certificates
.
105
93
'
.
Profits Distributed
May, November.
Unmatured Shares
First term,
2J4%; second term, 2^4%.
Matured and Paid-up Share
First term,
23^%; second term,
Certificates.
2H%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
5U%
467 real estate loans {average, $3,537 each; average rate, 5.95%)
110 share loans (average, $390 each; average rate? 6%) 5^%! $200
1 loa7i on matured share certificates: 6%, $100.
:
$169 400-
6% $4^ 750
,(;,-,.
:
6%
SI 48 2 500
^^'^^^'-^OO.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$572.92
Other
Expenses
$1,161.96
.33
.67
Advertising
$4,474.96
2.59
.
Total
$6,209.84
3.59
FALL RIVER — PEOPLES CO-OPERATIVE BANK
Incorporated February IS, 1882.
Began
busine.ss
March
Abner P. Davol, President
r'i,„..i„„ tr
Nathaniel B. Durfee. Assistant Treasurer
Board
of Directors:
W
H
16, 1882.
Blanchette F. C. Brownell*,
bstes, C. E. Mills,
James
Sinclair,
^
''^''
t-v
r
^^ °"'^"''
m
^''""'''"'
B. Clifton, A. P. Davol* Charles H. Durfee*. J
-.
Michael Sweeney*, L. E. Wood.
J.
.
E
j^-
Regular meetings for receipt of moneys the third Wednesday of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Permanent expense account
....
Deposit in savings account
Cash
20,
1926
Liabilities
$902,950 00
23,.300 00
2,000 00
5,000 00
11,777 30
Dues capital
Profits capital
.
.
.
.
.
Paid-up
.
.
•
.
Dividends on paid-up share
$945,027 30
[
,
[
'
loans
Dividends on matured share
cates
.
.
....'."
Guaranty fund
Due on uncompleted
cates
.
.
certificates
share certificates
Surplus
* Security
.
Matured share
.
$554,105
113,150
151,400
85,400
16,313
17,838
00
88
00
00
34
08
900 00
certifi.
.
3,785 00
certifi-
2,135 00
$945,027 30
Committee.
P.D.
8,
Part
81
III.
....
....
....
.....
....
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 ceitificates
New series
issued in
3,370
2,452
398
11,738
5,560
757
427
Members
Members who
.
.
.
889
.
.
.
are borrowers
289
Unmatured shares
Matured share certificates
793
Holders
of:
—
....
Paid-up share
May, November.
121
61
.
certificates
Profits Distributed
Unmatured Shares
2J|%; second term,
First term,
2^%-
Matured and Paid-un Share
Certificates
2J^%; second term, 21^%.
First term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
S34 real estate loans (average, $3,858 each; average rate, 5.94%): o}4%. $93,950; 6%, SS09,000.
56 share loans (average, $423 each; average rate, 5.99%): 5}47o, $350; 6%, $22,950.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$2,250.00
2.38
$2,006 00
$159.32
2.12
.17
Other
Expenses
$854.15
Advertising
.
.91
Total
$5,269.47
5.58
FALL RIVER — TROY CO-OPERATIVE BANK
Incorporated July IS, 1880.
Began business July
20,
1880
Edward W. Bertenshaw,
Jerome C. Borden, President
Board of Directors: F. S. Akin, F. B. Albro, James Allardice*, E.
G. H. Eddy, J. H. French, George Grime, J. E. O'Connor, S.
Joseph Turner*, W. R. Woodman.
S.
Bertenshaw, J. C. Borden, T. D. Covel*,
Read, C. C. Rounseville, Jr., E. N. Slade*,
Regular meetings for receipt of moneys the third Tuesday
of eacli
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Interest
Fines
....
Due on uncompleted
Personal accounts
Other
Treasurer
W.
liabilities
.
loans
21, 192S
P.D.
82
8,
Part III.
Rates and Averages on Loans
1,S27 real estate loans (average, $3,538 each; average rate, 5.95%): 5}4%, $427,250; 6%, $3,913,374.
28£ share loans (average, $275 each; average rate, 5.99%): 5M%, $850; 6%, $76,700.
9 loans on matured share certificates: 5}4%< $1,800; 6%, $5,150.
4 loans on paid-up share certificates: 6%, $1,300.
Total Expenses for Year
Other
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Exi)enBes
$10,753.00
$1,744.00
$699.97
.38
.15
.$555.16
.12
Total
$13,752.13
3.00
FALMOUTH — FALMOUTH CO-OPERATIVE BANK
Incorporated
Rawson
May
22. 1925.
Began business June
9,
1925
Stanley C. Giiford, Treasurer
C. Jenkins, President
Board of Directors: W. F. Bourne, G. E. Dean, John De Mello, C. B. Fisher, S. C. GifFord, E. P. Hatch*, C. L.
Hubbard, C. A. James, R. C. Jenkins, M. R. Lawrence, G. C. Look, J. B. Miskell*, I. H. Robbins*, Arthur
Underwood, L. C. Weeks.
Regular meetings for receipt
of
moneys the second Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Permanent expense account
Temporary exjjense account
Cash
.....
$39,000
185
72
12,075
00
66
91
97
Shares
Issued during year
Withdrawn during year
Shares in force
Shares now pledged
New series issued in June, December.
.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
12 real
estate loans (average,
$3,250 each; average rate, 7%):
7%,
$39,000.
12,
1926
P.D.
8,
83
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans
Loans
Loans
Loans
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
.
.
.
foreclosure, etc.
....
.
.
Matured share
350 00
1,120 06
20,000 00
Paid-up
2,251 61
723 91
Surplus
certificates
share certificates
Forfeited share account
Guaranty fund
Interest
loans
....
....
....
....
.....
....
Forfeited during year
61
77
....
—
Membership
Shares
Withdrawn during year
00
00
64
60
$4,114,708 88
$4,114,708 88
Issued during year
01
530 25
21,900 00
Fines
Due on uncompleted
00
$1,806,405
344,680
1,330,200
406,400
16
82,304
83,846
38,425
capital
Profits capital
313 82
80,000 00
47,667 48
Personal accounts
Certificate of deposit
Cash
1926
Liabilities
Dues
$3,901,815 00
57,637 00
2,830 00
by
Banking house
Temporary expense account
Insurance and taxes paid
Real estate
26,
Members
Members who
10,596
8,455
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
75
1,245
Matured during year
40,788
Shares in force
21,696
Shares now pledged
6,651
Matured shares represented by certificates
2,032
Paid-up shares represented by certificates
New series issued in March, June, September, December.
of:
Paid-up share
3,74S
1,243
2,846
965
300
certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
second term, 1?^%; third term,
13^%; fourth term, 13^%.
Matured and Paid-up Share
First term,
IH%\
1M%;
Certificates
second term, lJi%;
fourth term,
third term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,111 rcaiestete toons (average, $3,511 each; average rate, 5.99%): 5%, $2,4.50;
327 share loans (average, $253 each; average rate, 6%): 6%, $57,637.
7 loans on matured share certificates: 6%, $2,830.
1 loan OH paid-up share certificates : 6%, $350.
6%,
$3,899,365.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$11,030.00
2.68
$1,800.00
$1,250.00
$3,866.45
.30
.94
Total
$17,946.45
4 35
.
FITCHBURG — FITCHBURG CO-OPERATIVE BANK
Incorporated October 27, 1S77.
Began business November
8,
1877
John W. Parshley, Treasurer
Jabez F. Fisher, President
Board of Directors: W. M. Allen, Ebenezer Bailey, E. W. Baker, B. A. Cook*, M. A. Coolidge. F. N. Dillon,
Michael Donlon, F. L. Drury, J. F. Fisher, W. A. Hardy*, W. W. Henry, W. T. Hidden, T. F. Howarth,
J. L. Johnson, David Lowe, O. M. Lowe*, A. S. Morse, G. V. Upton.
Regular meetings for receipt of moneys the last business day of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Cash
31, 1926
Liabilities
$6,349,904 00
98,347 00
9,450 00
1,720 00
30,000 00
116,115 27
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Matured share account
Guaranty fund
.
Surplus
Due on uncompleted
00
71
00
00
95
75
1.35,595 86
25,175 00
$6,605,536 27
$6,605,536 27
* Security
loans
$3,247,019
665,933
1,711,400
663,800
14,764
141,847
Committee.
84
P.D.
Issued during year
Withdrawn during year
Forfeited during year
....
....
....
....
.
.
.
.
19,113
13,928
122
3,192
69,201
35,867
8,557
3,319
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, May, August, November.
— are borrowers
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
of:
certificates
Unmatured Shares
1%%; second term, l%%;
15-8%; fourth term, 1?-^%.
First term,
Matured and Paid-up Share
1M%;
1M%.
Rates and Averages on Loans
$2,862 each; average rate, 6%): 6%, S6,349,904.
3S9 share loans (average, S299 each; average rate, 6%): 6%, $98,347.
16 loans on matured share certificates: 6%, $9,450.
3 loans on paid-up share certificates: 6%, $1,720.
estate loans (average,
Total Expenses for Year
Salaries
.
5,068
1,279
.508
third term,
Certificates
second term, 1}4%', third term
Proportion of profits retained on voluntary withdrawals, none.
paid for
Cost per $1,000 of assets
6,030
2,114
Profits Distributed
lH7o; fourth term,
Amount
Part III.
......
Members
Members who
Holders
First term,
2,219 real
8,
Membership
Shares
P.D.
8,
Part
85
III.
Rates and Averages on Loans
real estate loans (average, $2,149 each; average rate,
41 share loans (average, $336 each; average rate, 6%):
S99
6%): 6%,
6%,
.SS57,(>()(I.
$13,7S0.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
P.D.
86
8,
Part III.
FRAMINGHAM — SOUTH MIDDLESEX CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Caswell's News Store, Ashland)
Incorporated
Edward W.
November
19, 1920.
Began business January
13,
1921
John M. Merriam, Treasurer
Blodgett, President
Anna M. Mulcahy,
Assistant Treasurer
Board of Directors: C. G. Bancroft, E. W. Blodgett, E. A. Bowers, R. J. Callahan*, S. P. Carpenter, James
Chalmers, G. R. Coolidge, Louis Demarini, A. S. Farwell, E. H. Howard, P. A. McGowan, W. E. Marchant, J. J. Murphy, T. G. Portmore, J. J. Prindiville, D. J. Riley, J. P. Shay, J. J. Slattery, W. E. Sullivan*, A. E. Svenson, E. S. Taylor, W. H. Twiss, H. F. Twombly*, C. C. Willis.
Regular meetings for receipt
of
moneys the
third
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on
real estate
1«,
1926
P.D.
8,
Part
87
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expen.sc account
Cash
....
5,
1926
Liabilities
$531,975 00
0,365 00
400 00
7,932 13
Dues capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Guaranty fund
Surplus
$378,096
64,090
31,200
26,000
7,524
8,526
00
67
00
00
62
72
10,791 37
215 86
Interest
Fines
Transfer fees
Withdrawal
Bills
Due
50
226 39
15,000 00
4,400 00
profits
payable for money borrowed
on uncompleted loans
$546,672 13
$546,672 13
......
—
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 January, July.
1,481
908
108
8,280
3,086
156
Members
Members who
are borrowers
683
222
Unmatured shares
Matured share certificates
657
Holders
of:
....
Paid-up share
certificates
131)
Profits Distributed
Unmatured Sharea
First term,
3%; second
term, '2^/i%.
Matured and Paid-up Share Certificates
First term, 2]4%\ second term, 2>^%.
Proportion of profits retained on voluntary withdrawals,
50%
of last dividend.
Rates and Averages on Loans
296 real estate loans (average, $1,797 each; average rate, 6%): 6%, $531,975.
33 share loans (average, $198 each; average rate, 0%): 0%, $6,365.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$1,200.00
2.19
Rent
Advertising
31
24
P.D.
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
8,
Part III.
Membership
Shares
3,761
2,041
1,089
14,307
6,174
Members
Members who
1,363
— are borrowers
408
Unmatured shares
Matured share certificates
1,267
Holders
of:
Paid-up share
628
546
44
107
certificates
Profits Distributed
series issued in .January, April, July, October.
Unmatured Shares
First term,
1J^%;
1J^%; second term, 1J^%;
fourth term,
Matured Share
Fourth term, .91%.
First term,
1M%;
Proportion
of profits retained
third term,
1^%.
Certificates
Paid-up Share Certificates
second term, 1J-C%; third term,
IH%;
fourth term,
on voluntary withdrawals,
50%
1H%-
of last dividend.
Rates and Averages on Loans
345 real estate loans (average, $3,200 each; average rate, 6.45%): 6%, $607,000; 7%, $496,900.
63 share loans (average, $292 each; average rate, 6.-58%) 6%, $5,688; 63-^%, $3,935; 7%, $8,800.
:
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
P.D.
8,
Part III.
89
.....
Membership
Shares
Issued during year
Forfeited during year
4,047
2,136
89
Matured during year
925
Withdrawn during year
Shares in force
Shares now pledged
Matured shares represented by certificate.s
Paid-up shares represented by certificates
New series issued in March, September.
20..566
9,249
1,517
Member.'!
Members who
670
Unmatured shares
Matured share certificates
1,654
of:
Paid-up share
.
certificates
Profits Distributed
819
Unmatured Shares
First term,
3%; second
term,
3%.
Matured Share Certificates
First term, 2^i%; second term, 2^%.
First term,
Paid-up Share Certificates
second term, 2^%.
2H%;
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
681 real estate loans (average, $2,452 each; average rate, 6%): 6%, $1,669,885.
96 share loans (average, $346 each; average rate, 6%): 6%, $33,250.
3 loans on matured share certificates: 6%, $745.
1 loan on paid-up share certificates: 6%, $1,000.
Total Expenses for Year
Sa
Amount
paid for
Cost per $1 ,000
.
of assets
1,842
— are borrowers
Holders
262
135
90
P.D.
Issued during year
6,914
2,965
21
Withdrawn during year
Forfeited during year
8,
....
Part III.
Membership
Shares
Matured during year
898
Shares in force
32,083
Shares now pledged
13,996
Matured shares represented by certificates
2,707
Paid-up shares represented by certificates
815
New series issued in January, April, July, October.
Members
Members who
Holders
of:
3,543
1,222
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
3,23a
517
.
125
certificates
Profits Distributed
Unmatured Shares
First term,
1M%;
second term, 13-2%: third term,
1>^%; fourth term, 11^%.
Matured Share
First term,
1%%;
Certificates
second term,
l%%;
third term,
13^%: fourth term, 1J^%.
Paid-up Share
Certificates
First term,
114%; second term, l\i%;
1M%;
1M%.
fourth term,
third term,
Proportion of profits retained on voluntary withdrawals, none
Rates and Averages on Loans
1,121 reo? es<a«e ?oa«s (average, $2,276 each; average rate, 6.3%): 6 Vio%, 82.550,975; 6Vio%, $600; 6Vio%,
$100.
s;iore?oana (average, $330 each; average rate, 6.34%): 6 Vio%, $43,950; 65Vioo%, $175; 6Vio%, $1,200;
6"/,oo%,$115; 65 2/ioo%,$250; 66/io%, $2,300; 6' Vioo%, $160; 685/ioc%, $70; 6S8/iao%, $300; 7Vio%f
$350; 7<Vioo%, $45; 75/io%, $40; 8%, $30; 864/ioo%, $75; 9%, $20; 10%%, $30.
16 loarxs on matured share certificates: 6Vio%, $7,400; 6-*Vioo%, $175; 6%%, $150; 6K%. $200; 7K%, $50;
86 4/100%,, $25.
1 loan on paid-up share certificates: 6'/io%,$100.
H9
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of
.
a.ssets
P.D.
8,
91
Part III.
.....
Membership
Shares
New
series issued in
Members
Members who
6,583
2,738
10
1,076
30,871
12,821
1,769
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
3,513
— are borrowers
845
Unmatured shares
Matured share certificates
3,454
Holders
of:
Paid-up share
287
11
certificates
Profits Distributed
48
May, November.
Unmatured Shares
3%; second
First term,
3%.
term,
Matured Share Certificates
First term, 25^%; second term, 2^4%.
First term,
Paid-up Share Certificates
second term, 2}4%.
2^%;
Proportion of profits retained on voluntary withdrawals,
50%
of last dividend.
Rates and Averages on Loans
750 real estate loans (average, $2,967 each; average rate, 6. .50%): 6H%, $2,225,220.
179 share loans (average, $276 each; average rate, 7%c): 7%, $49,548.
Total Expenses for Year
Rent
Advertising
Other
Expenses
$500.00
$202.16
$2,242.35
.21
.09
.97
Salaries
Amount
$4,806.53
2.08
paid for
Cost per $1,000 of assets
.
Total
$7,751.04
3.35
GREAT BARRINGTON — HOUSATONIC CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: P. J. Kane's Store, Depot Street, Housatonic,
and office of Clerk of Central District Court, Great Harrington)
Incorporated June
12, 1889.
Began business July
1,
Soard
of Directors:
1889
Dennis C. Killeen, Treasurer
Elmer C. Herriek, President
F. E. Chamberlin, C. P. Comstock*, J. F. Gerard*, Charles Gillett, E. C. Herriek, P. J.
Kane*, D. C. Killeen, J. F. Mack, G. C. Najar.
Regular meetings for receipt
of
moneys the
first
Monday
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
X/oans on real estate
Loans on shares
Cash
5,
$314,700 00
6,698 00
23,939 25
.
....
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on matured share
.
.
.
.
.
.
00
78
00
00
5,309 44
2,423 69
400 00
1,278 34
Dividends on paid-up share
certifi-
835 00
cates
$345,337 25
$345,337 25
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
series issued in
$211,095
38,595
52,000
33,400
certifi-
cates
New
1926
Liabilities
809
828
98
...
Members
Members who
.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
4,304
2,013
Paid-up share
260
.
.
certificates
507
190
468
52
36
167
May, November.
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
Proportion
of profits retained
on voluntary withdrawals,
25% on
none.
* Security
Committee.
2K%;
second term, 232%.
series less
than 5 years old; after 5 years,
92
P.D.
8,
Part III.
Rates and Averages on Loans
estate loa}is {average, $1,919 esLch; average rate, 5.47%): 5%, $15,400; 5J^%, $299,300.
30 share loans (average, $223 each; average rate, 5.50%): 53^%, $6,698.
164 real
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$147.46
Other
Expenses
$162.58
.42
.47
Advertising
$900.00
2.60
.
Total
$1,210.04
3.49
GREENFIELD — GREENFIELD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Turners Falls, Millers Falls and Shelburn&
Falls)
Incorporated June 21, 1905.
Began business July
11,
1905
Henry
William B. Allen, President
S. Franklin, Treasurer
Catherine V. Studer, Assistant Treasurer
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.
W. Griswold,
W. H. Weiss-
Board of
Regular meetings for receipt
of
moneys the second Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
Cash
15, 1926
Liabilities
00
00
00
00
750 00
2,006 02
59,784 48
$1,509,725
47,785
8,430
1,080
.....
Dues capital
Profits capital
$967,554 00
145,290 41
.
Matured share
,301,600
Paid-up
127,200
201
24,561
22,569
31,370
certificates
share certificates
Guaranty fund
Surplus
Interest
Transfer fees
3 75
8,400 00
Withdrawal profits
Due on uncompleted loans
Due on
25 49
foreclosure sales
$1,629,560 50
$1,629,560 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 January, July.
7,006
4,117
47
187
25,153
9,716
Members
Members who
723
Unmatured shares
Matured share certificates
2,010
of:
Paid-up share
636
Profits Distributed
Unmatured Shares and Matured Share
2%%;
second term,
Paid-up Share
Rates and Averages on Loans
average rate, 6%):
share loans (average, $370 each; average rate,
loans on matured sfiare certificates: 6%, $8,430.
loans on paid-up share certificates: 6%, $1,080.
6%,
Total Expenses for Year
Salaries
paid for
Cost per $1,000
.
of assets
$1,509,725.
6%): 6%, $47,785.
2%%.
Certificates
Proportion of profits retained on voluntary withdrawals, none.
Amount
263
134
.
certificates
1,.508
First term, 23^2%; second term,
real estate loans (average, $2,555 each;
2,248
are borrowers
Holders
First term,
591
1S9
1£
S
00
00
39
95
25
42
783 84
Forfeited share account
2^%-
Certificates
P.D.
8,
Part III.
93
GROVELAND — GROVELAND CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 111 Merrimack Street, Haverhill)
Incorporated
November
4,
1895.
Began business November
19,
Harry W. Vaughan, President
1895
George Mitchell, Treasurer
Board of Directors: A. H. Amazeen*, Theodore Dewhurst, H. W. Hardy, John Magee, Frank McCormick,
J. W. McGinley, George Mitchell*, C. H. Pike, E. 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 BUSINESS, OCTOBER
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Temporary expense account
Cash
522,650 00
7,580 00
550 00
1,300 35
1,537 65
2,930 48
.....
Personal accounts
19, 1926
....
Assets
.
Dues capital
Profits capital
Matured share
$292,353 GO
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Overs and shorts
$536,548 48
1,069
672
Forfeited during year
33
Matured during year
273
Shares in force
Shares now pledged
Matured shares represented by certificates
.
New
series issued in
....
—
Membership
Shares
Issued during year
Withdrawn during year
.
.
.
5,712
2,821
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
.
Profits Distributed
694
May, November.
Unmatured Shares
First term, 2 5-^%; second term,
Matured Share
First term,
2%%.
Certificates
23^%; second term, 23^%.
94
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
....
Part
III.
11, 1926
Liabilities
Dues
,717,439 60
58,170 00
1,365 00
Temporary expense account
Taxes paid
Cash
8,
capital
Profits capital
Matured share
438 05
1,389 16
31,840 78
$1,239,609 00
267,262 09
208,600 00
.
certificates
Forfeited share account
48 68
.
Guaranty fund
35,057 91
41,073 68
9,382 01
250 57
1 50
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Dividends on matured share
85 48
4,230 00
....
cates
certifi
5,041 67
$1,810,642 59
$1.810,642 59
.....
—
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 April, October.
Members
Members who
4,514
2,809
5
746
23,422
10,166
1,043
2,095
are borrowers
800
Unmatured shares
Matured share certificates
2,032
166
Holders
of:
.
Profits Distributed
Unmatured Shares
First term,
2f^%; second term, 3%.
First term,
2J^%; second term, 234%-
Matured Share
Certificates
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
704 real estate loans (average, $2,440 each; average rate, 6%): 6%, $1,717,439.
308 share loans (average, $189 each; average rate, 6%) 6%, $58,17().
6 loans on matured share certificates: 6%, $1,365.
:
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
Other
Expenses
$3,399.96
1.88
$1,029.00
$201.20
$1,644.71
.57
.11
.91
Total
$6,274.87
3.47
HAVERHILL — HAVERHILL CO-OPERATIVE BANK
Incorporated August 20, 1877.
Edward A.
Began business September
3,
1877
James G. Page, Treasurer
Fitts, President
Edna
E. West, Assistant Treasurer
Board of Directors: C. A. Bodwell, C. H. Clark*, W. G. Cogswell, E. A. Fitts*, M. J. Fowler*, G. E. Frye,
E. J. Kempton, S. A. McGregor, E. H. Moulton, J. G. Page, W. W. Roberts, J. H. Sayward.
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure,
Unpaid interest
Unpaid fines
Cash
.
....
4,
1926
Liabilities
52,888,650 00
etc.
.
.
.
.
.
.
.
.
91,440 00
3,045 15
23,528 75
398 18
39,868 37
Dues
capital
Profits capital
Matured share
certificates
Forfeited share account
Matured share account
Guaranty fund
.
....
....
.
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
$3,046,930 45
* Security
$2,090,865
461,541
251,800
17
20,364
78,889
76,021
30,000
31,135
00
88
00
58
35
69
95
00
00
certifi-
6,295 00
$3,046,930 45
Committee.
P.D.
8,
Part III.
95
.....
—
Membership
Shares
Issued during year
7,272
5,150
116
1,785
38,557
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by oertifinates
New
series issued in
Members
Members who
Holders
of:
are borrowers
3,453
1,270
.
Unmatured shares
Matured share certificates
3,354
212
.
17,9.38
Profits Distributed
1,259
May, November.
Unmatured Shares
First term,
2H%', second term, 3%.
Matured Share
Firist
term,
2H%;
Certificates
second term, 2}4%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
1,045 real estate loans (average, S2,764 each; average rate,
S35 share loans (average, $406 each; average rate, 6%):
6%): 6%, $2,888,650.
6%,
$91,440.
Total Expenses for Year
Amount
paid for
Co.st per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$7,735.10
$796.08
$326.75
$1,927.47
.26
.11
.63
Total
$10,785.40
3.54
HINGHAM — 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)
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. Hollis, 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 BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Unpaid fines
Cash
,300,450 00
certificates
....
.....
45,625
2,300
3,120
379
14,060
00
00
79
98
66
6,
1926
P.D.
96
8,
Part III.
Rates and Averages on Loans
440 real estate loans {sLverage, $2,955 each; average rate, 6%) 534%, $6,150; 6%,
ids share loans (average, $225 each; average rate, 6%); 6%, $45,625.
:
4 loans on matured share
certificates:
6%,
SI, 294, 300.
$2,300.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$3,700.00
$303.96
$96.40
.22
.07
Other
Expenses
$943.08
.69
Total
$5,043.44
3 69
.
HOLBROOK — HOLBROOK CO-OPERATIVE BANK
Incorporated June
9,
188S.
Began business June
11,
1888
Frederic
Alva T. Southworth, President
W.
Blanchard, Treasurer
Leonard Belcher, F. W. Blanchard, F. B. Brooks, F. B. Diman*, L. E. Flye, P. H. Fraher,
F. A. Gardner*, W. F. Gleason, John King, W. W. Lincoln, Howard Platts, G. W. Porter, J. W. Porter,
E. S. Rogers, A. T. Southworth*, G. E. White, G. T. Wilde, W. B. Wilde.
Board
of Directors:
Regular meetings for receipt
of
moneys the second Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on nnatured share certificates
on paid-up share certificates
Common form mortgages
Unpaid interest
$672,9.50 00
17,050 00
600 00
225 00
00
00
62
20
1,478
1,000
1,009
34
5,998
Temporary expense account
Insurance and taxes paid
Cash
....
31
$700,345 13
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 June, December.
1,479
749
256
7,625
3,982
652
65
20,
1926
P.D.
8,
97
Part III.
HOLYOKE — CITY CO-OPERATIVE BANK
Incorporated July 16, 1889.
Began business July
23,
1889
Pierre Bonvouloir, Treasurer
Daniel Proulx, President
S. J.
Bonvouloir, Assistant Treasurer
Board of Directors: Samuel Bail, W. G. Beaudro, Louis Bibeau, Pierre Bonvouloir*, S. J. Bonvouloir, J. E.
Brindamour, T. J. Carmody, C. E. Ducharme, O. E. Genest, Arthur Hebert, L. A. Lafrance, O. O. Lamontagne, A. F. Larose, Joseph Lussier, G. W. Messier, Edward Pauze*, Daniel Proulx*, Homer Stebbins.
Regular meetings for receipt of moneys the
last
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
26, 1926
98
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share
Liabilities
certificates
Common
form mortgages
Real estate by foreclosure,
Overs and shorts
.....
etc.
.
Cash
Dues
$12,000 00
1,619,800 00
29,650 00
1,650 00
9,650 00
17,344 14
20 40
99,148 11
$1,136,502 00
216.224 22
335,000 00
capital
Profits capital
.
Matured share
certificates
Forfeited share account
422 00
48,383 63
42,080 80
600 00
.
Guaranty fund
Surplus
Due on uncompleted
loans
....
Dividends on matured share
cates
certifi
10,050 00
$1,789,262 65
$1,789,262 65
Members
Members who
5,284
2,997
Forfeited during year
234
890
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
series issued in
....
—
Membership
Shares
Issued during year
Withdrawn during year
New
Part III.
8,
30, 1926
522
Unmatured shares
Matured share certificates
1,978
Holders
24,432
9,170
1,675
1,978
are borrowers
of:
243
.
Profits Distributed
May, November.
Unmatured Shares and Matured Share
First term,
Proportion of profits retained on voluntary withdrawals,
25% on
Certificates
2)^%; second term, 3%.
series less
10%
than 5 years old;
thereafter.
Rates and Averages on Loans
435 real estate loans (average, $3,560 each; average rate, 5.97%.): 5J-^%, $109,200; 6%, $1,510,600.
67 share loans (average, $443 each; average rate, 5.99%): 5}^%, $500; 6%, $29,150.
6 loans 071 matured share certificates: 6%, $1,65().
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
Salaries
Rent
Advertising
$5,202.64
2.91
$1,098.38
$225.93
Other
Expenses
$1,178.92
.61
.12
.66
Total
$7,705.87
4 30
.
HUDSON — HUDSON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: John C. King, Fowler Block, Maynard)
'
El win
J.
Incorporated October 22, 1885.
Began business November
19,
1885
Norman M. Hunter,
Prescott, President
Gertrude
W.
Treasurer
Fi London, Assistant Treasurer
Board of Directors: G. F. Allen*, Gertrude W. Fi London, A. L. Fletcher*, N. M. Hunter, R. F. Kerrigan, R. S.
Lamson*. F. E. Morris, C. A. Packard, E. G. Persons, E. J. Prescott*, H. A. Reardon, C. H. Robinson,
F. H. Robinson, S. M. Robinson*, Frank Taylor, C. J. Tower, J. N. Tower, C. B. Wheeler, A. E. Woodbury.
Regular meetings for receipt of moneys the third Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Cash
.....
21,
1926
Liabilities
,109,450 00
64,300
2,000
2,550
5,765
36,507
00
00
00
54
27
Dues
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
....
....
.
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Dividends on matured share certifi
cates
Dividends on paid-up share
cates
Special insurance
00
00
00
00
37
27
69
00
00
4,199 19
certifi-
.
Reserve for permanent expense
2,702 60
129 79
1.350 00
$2,220,572 81
$2,220,572 81
* Security
$1,263,629
276,841
353,200
216,200
180
41,637
18,753
20,000
21,750
Committee.
P.D.
8,
99
Part III.
.....
Membership
Shares
Issued during year
.
.
.
.
.
.
.
Forfeited during year
.
.
.
.
Members
Members who
5,207
2,231
132
.
Withdrawn during year
....
.....
....
Holders
24,468
Shares in force
12,395
Shares now pledged
1,766
Matured shares represented by certificates
1,081
Paid-up shares represented by certificates
New series issued in February, May, August, November.
Paid-up share
2,364
895
.
Unmatured shares
Matured share certificates
944
Matured during year
— are borrowers
of:
2,189
317
194
.
certificates
Profits Distributed
Unmatured Shares
1%%;
First term,
second term,
third term.
1%'',
lVs%: fourth term, ljg%.
Matured and Paid-up Share
1M%;
First term,
Certificates
second term, \}4,%', third term,
1M%.
11^%; fourth term,
Proportion of profits retained on voluntary withdrawals, one-sixth. On mortgage loan accounts no withdrawal loss if money withdrawn is entirely devoted to repayment of loan.
Rates and Averages on Loans
$2,761 each; average rate, 5.7%): 5H%, $1,145,250; 6%, $964,200.
277 share loans (.average, $232 each; average rate, 5.8%): 5J^%, $20,300; 6%, $44,000.
loans
matured
share
certificates:
8
on
6%, $2,000.
5 loans on paid-up share certificates: 6%, $2,550.
764 real
estate loans (average,
Total Expenses for Year
Rent
Salaries
Amount
paid for
$3,972.90
.
1,221.59
.55
Cost per $1 ,000 of assets
Other
Expenses
$1,736.32
Advertising
$499 85
.
Total
$7,430.66
3.34
.78
.22
IPSWICH — IPSWICH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Office of
Incorporated July
8,
1913.
J.
A. Marshall,
Began business July
14,
Main
Street, Rowley)
1913
Frederick S. Witham, Treasurer
Walter E. Hayward, President
Board of Directors: G. A. Barker, F. M. Burke*, C. F. Chapman, H. N. Doughty, C. E. Goodhue*, W. E.
Hayward, C. M. Kelly, F. W. Kyes, E. J. Marcorelle, J. A. Marshall*, D. E. Measures, W. J. Riley*,
G. A. Schofield*, F. P. Trussell, F. S. Witham.
Regular meetings for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
Personal accounts
.
Cash
11, 1926
Liabilities
$458,490 00
11,655 00
1,500 00
90 00
83 31
159 00
85 00
13,980 69
Dues capital
Profits capital
$325,571
65,406
50,400
29,000
10
5,526
1,778
2,559
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Interest
Fines
37
$486,043 00
$486,043 00
......
—
Membership
Shares
Issued during year
55
40
73
77 90
13 05
5,700 00
Surplus
Withdrawal profits
Due on uncompleted loans
Withdrawn during year
Matured during year
00
00
00
00
1,141
822
117
6,785
Members
Members who
Holders
of:
are borrowers
....
...
Unmatured shares
Matured share certificates
Shares in force
Shares now pledged
2,691
Matured shares represented by certificates
252
Paid-up shares represented by certificates
145
New series issued in January, April, July, October.
Paid-up share
certificates
.
.
...
848
251
825
44
30
Profits Distributed
Unmatured Shares
1%%;
second term,
First term,
1 ^^5%; fourth term, 1J^%.
\%%;
Matured and Paid-up Share
1M%; second term,
fourth term, 1M%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
* Security
10% on
Committee.
series less
third term,
Certificates
1M%;
third term,
than 4 years old; after 4
ye.ars,
P.D.
8.
Part III.
Other
Expenses
$557 84
1.15
Total
$2,292.19
4.71
100
Rates and Averag^es on Loans
20A real estate loans (average, $2,247 each; average rate, 6.1%): 6Vio%, $458,490.
44 share loans (average, $264 each; average rate, 6.1%): 6Vio%, $11,655.
^ loans on matured share certificates: 6i/io%, $1,500.
1 loan on paid-up share certificates: 6i/io%, $90.
Total Expenses for Year
Amount paid
for
of assets
.
Salaries
Rent
Advertising
11,122.46
$477.89
$134.00
2.30
.98
.28
Cost per $1,000
,
LAWRENCE — ATLANTIC CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 56 Main Street, Andover)
Incorporated
March
26, 1891.
Began business April
Frank W. McLanathan, President
30,
1891
Benjamin R. Bradley, Treasurer
of Directors: R. V. Baketel, J. H. Bevington, R. W. Bevington*, O. W. Boothbv, B. R. Bradley*, D. J.
Costello*, B. E. Crowell. W. D. Currier, N. F. De Cesare, D. C. Farr, G. E. Folk, A. C. Gaunt, H. D.
Grimes, C. H. Kitchin, W. M. Lament, F. W. McLanathan, W. A. Pedler, W. T. Rochefort, S. E. Rollins,
F. A. Sherman, D. K. Webster, Jr.
Board
Regular meetings for receipt
of
moneys the
last
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Overs and shorts
Cash
.
.
.
.
29, 1926
....
Assets
Liabilities
$881,050
20,368
13,818
557
00
00
Dues capital
Profits capital
27
39
Matured share
423 92
13 89
.
17,683 12
$627,246
122,656
54,600
69,800
216
20,515
14,045
5,432
172
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
354
profits
payable for money borrowed
Due on uncompleted loans
10,000
8,850
24
Bills
Security committee
Forfeited during year
Matured during year
4,675
2,718
227
287
Shares in force
16,601
Shares now pledged
5,282
273
Matured shares represented by certificates
349
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
certificates
l}i%; second term, l}>i%;
1M%;
1M%.
fourth term,
less
Salaries
third term,
than 5 years old; after 5 years,
Rates and Averages on Loans
Total Expenses for Year
third term,
Certificates
First term,
284 real estate loans (average, $3,102 each; average rate, 6.47%): 6%, $51,750; 63^%, $829,300.
113 share loans (average, $180 each; average rate, 6.50%): 6J^%, $20,368.
.
45
56
Unmatured Shares
Proportion of profits retained on voluntary withdrawals, 25% on series
none.
of assets
1.237
Profits Distributed
Matured and Paid-up Share
paid for
339
...
1}4%; second term, 1}4%;
13^%; fourth term, 1^%-
Cost per $1,000
1,300
.
First term,
Amount
51
47
75
92
00
00
00
Membership
Shares
Issued during year
28
74
$933,914 59
$933,914 59
Withdrawn during year
00
92
00
00
00
P.D.
8,
101
Part III.
LAWRENCE — LAWRENCE CO-OPERATIVE BANK
(Other authorized location for receipt of mdneys: Andover National Bank, Andover)
Incorporated
March
12, 188S.
Began business April
6,
1888
William A. Whitney, Treasurer
Frederic N. Chandler, President
Board of Directors: Thomas Bredbury, F. A. Buttrick, F. N. Chandler, Andrew Craig, W. S. Donald, F. H.
Eaton, Albert Emerton, W. H. Glover, C. A. Leach, J. R. Marjerison, R. F. Pickels, C. A. Stone*, H. B.
Taylor, W. A. Whitney*, H. P. Wilkinson*.
Regular meetings for receipt of moneys the
first
Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
.
.
Real estate by foreclosure, etc.
Permanent expense account
Insurance and taxes paid
.....
Personal accounts
Cash
.
.
,677,650 00
00
00
00
69
686 92
52 39
215 00
31,170
1,150
1,350
22,071
50,329 19
$1,784,675 19
2,
1926
102
p.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
2,
Assets
1926
Liabilities
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Insurance and taxes paid
Matured share
400 00
2,91.5 00
Paid-up
.
certificates
share certificates
8,168 10
Forfeited share account
60
493 03
171 62
75,000 00
78,057 44
Matured share account
Guaranty fund
3,22.3
Certificates of deposit
....
...
....
Dues capital
Profits capital
,914,700 00
103,980 00
.
Cash
Part III.
Surplus
Due on uncompleted
.
.
.
.
.
.
.
loans
certifi-
2,544 13
cates
Dividends on paid-up share
certifi-
cates
....
....
....
....
.....
....
50
1,1.37
$2,187,108 79
$2.187,108 79
....
—
Membership
Shares
Issued during year
78
00
00
52
85
30,672 01
10,700 00
4,345 00
.
Dividends on matured share
00
$1,510,765
324,943
208,600
91,000
2,400
Members
Members who
6,717
5,022
Withdrawn during year
Forfeited during year
80
Matured during year
1,233
30,698
12,642
1,043
777
Unmatured shares
Matured share certificates
2,522
161
Holders
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
455
New series issued in February, May, August, November.
2,593
are borrowers
of:
Paid-up share
.
89
certificates
Profits Distributed
Unmatured Shares
1%%; second term, 13's%; third term,
lj-i%; fourth term, 1%%.
First term,
Matured and Paid-up Share
Certificates
First term,
114%\ second term, 114%',
1M%;
IH%-
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
20% on
series less
third term,
than 4 years old; after 4 years,
Rates and Averages on Loans
5H /c,
501 real estate loans (average, $3,822 each; average rate, 5.99%); 5%, $8,700;
391 share loans (average, $266 each; average rate, 6%): 6%, $103,980.
1 loan on matured share certificates: 6%, $400.
19 loans on paid-up share certificates: 6%, $2,915.
6%,
$5,000;
$1,901,000.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
Total
$5,160.00
2.36
$1,800.00
$1,969.78
$1,806.97
.?10,736.75
.82
.90
.83
4.91
LEOMINSTER — LEOMINSTER CO-OPERATIVE BANK
Incorporated
May
8,
1888.
Began business
May
18,
1888
Alfred N. Litch, President
J.
Ward
Healoy, Treasurer
Board of Directors: R. B. Andrews*, L. W. Browning, H. R. Davis, F. S. Farnsworth, J. W. Healev, W. E.
Holman, T. C. Howe, A. N. Litch, J. M. McPhee, 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 BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Certificates of deposit
Cash
,884,930 00
certificates
15,
1926
Liabilities
32,035 00
2,950 00
1,381 27
50,000 00
55,448 46
Dues
capital
Profits capital
Matured share
Paid-up
....
certificates
share certificates
Forfeited share account
.
Guaranty fund
.
.
.
.
.
.
.
».
Surplus
Due on uncompleted
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
.
.
00
37
00
00
35
71
22
00
certifi-
...
7,776 08
certifi-
2,295 00
$2,026,744 73
$2,026,744 73
* Security
.
.
$974,083
195,918
577,600
183,600
379
43,719
40,873
500
Committee.
P.D.
Part
8,
103
III.
Membership
shares
Members
Members who
299
620
Issued during year
Withdrawn during year
897
Matured during year
1,283
Shares in force
10,599
Shares now pledged
888
Matured shares represented by certificates
918
Paid-up shares represented by certificates
New series issued in February, May, August ^o-
2,179
are borrowers
653
Unmatured shares
Matured share certificates
1,758
Holders
19
Forfeited during year
of:
Paid-up share
461
141
certificates
Profits Distributed
Unmatured Shares
vember.
First term.
IH%;
second term,
l?/s%; fourth term,
1
1
'^^o
third term.
J-i%.
Matured Share Certificates
l]4%\ second term, l%%; third term,
1?.^%; fourth term, 1 J^%.
First term,
First term,
1M%;
'
Proportion of profits retained on voluntary withdrawals,
none.
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
10% on
series less
1M%.
than 6 years old; after 6 years,
Rates and Averages on Loans
$3,301 each; average rate,
87 share loans (average, $368 each; average rate, 6%);
7 loans on matured share certificates: 6%, $2,9.50.
571 real
estate loans (siveTage,
6%)
6%,
:
6%, $1,884,930.
$32,035.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$5,156.00
2.54
$362 00
$217.25
Other
Expenses
$1,928.74
.11
.95
.
Total
$7,663.99
3.78
LEOMINSTER — MUTUAL CO-OPERATIVE BANK
Incorporated
(Office
November
19, 1919.
Began business December
17,
1919
Arthur L. Wass, Treasurer
Vacant) President
Board of Directors: H. C. Bascom*, Arthur Beland*, L. H. Bourbeau, F. W. Boynton*, H. H. Chase, F. H.
Cook, C. T. Foster*. H. H. Goquen, E. P. Hadley, A. E. Harper, W. N. Howe, L. A. Jalbert, P. H. Killelea*,
Peter McKenna, D. F. Ouimet, Michele Padavono, J. C. Richardson, R. A. Robillard, Augustus Rosse,
J. D. Shea, A. L. Wass, R. V. Worthen.
Regular meetings for receipt of moneys the third Friday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Unpaid fines
Permanent expense account
Temporary expense account
Overs and shorts
Cash
....
$243,275
15, 1926
104
P.D.
8,
Part III.
Rates and Averages on Loans
100 real estate loans (average, $2,433 each; average rate, 6%'): 6%, $243,275.
42 share loans (average, $340 each; average rate, 6%): 6%, $14,260.
1 loan on paid-up share
certificates:
6%,
$180.
Total Expenses for Year
Amount paid
Cost
for
per $1 ,000 of assets
.
Salaries
Rent
$1,647.14
6.28
$793.10
3.02
•
Advertising
$62 69
.
.24
Other
Expenses
$518.10
1.98
Total
$3,021.03
11.52
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. Mulliken, Treasurer
Hallie C. Blake, President
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. Martin,
G. C. McKay, W. E. Mulliken, C. S. Ryan, J. W. Smith, C. H. Spaulding*, Matthew Stevenson, E. C.
Stone, J. A. Wilson.
Board of
Regular meetings for receipt
of
moneys the second Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share
certificates
Temporarj' expense account
Insurance and taxes paid
Cash
Liabilities
5762,275 00
28,000 00
1,000 00
254 88
340 52
13,798 59
Dues
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
15,
1926
P.D.
8,
Part
105
III.
LOWELL — B.
F.
BUTLER CO-OPERATIVE BANK
Incorporated October 30, 1901.
Began business November
Board of Directors
:
L.
1,
1901
Gardner W. Pearson, Treasurer
H. Stanley Crysler, President
D. Abbott*, H. S. Crysler*, W. R. Jeyes, R. E. Jodoin, F. A. Major,
F. H. Pearson, G. W. Pearson*, M. G. Rogers, H. A. Smith.
Regtilar meetings for receipt of
moneys the
first
G. MoKittrick,
F.
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure,
Cash
7,
$144,850 00
1,425 00
1,867 96
10,982 25
etc.
.
Dues capital
Profits capital
$84,070
17,396
37,600
14,000
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
3
3,310
1,834
.
Guaranty fund
Surplus
Due on uncompleted
900
loans
Security committee
11
00
00
00
27
93
00
00
—
....
—
Membership
Shares
641
280
....
.....
....
Withdrawn during year
00
01
$159,125 21
$159,125 21
Issued during year
1926
Liabilities
.
.
.
.
.
.
.
.
Forfeited during year
9
Shares in force
1,920
855
Shares now pledged
IMatured shares represented by certificates
188
Paid-up shares represented by certificates
70
New series issued in February, May, August, November.
Members
Members who
Holders
of:
210
66
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
187
47
15
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
Certificates
1%%; second term, l?-s%;
fourth term, l^s%.
First term,
1%%;
Paid-up Share Certificates
X}i%; second term, \\i%:
fourth term, 1M%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals
25%
on
series less
than 4 years
old;
10%
third term,
third term,
thereafter.
Rates and Averages on Loans
60 real
estate loans (average,
7%, $5,4,50.
$2,414 each; average rate, 6%):
6 share loans (average, $238 each; average
rate,
5%,
Total Expenses for Year
Salaries
.\mount paid for
Cost per $1,000 of assets
.
$10,600;
6%, $117,200; G}4%. $11,600:
6.19%): 6%, $1,125; &i4%, $50; 7%, $250.
P.D.
106
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Dues
.S4,S74,000 00
.....
.
$2,649,063 00
capital
Profits capital
00
00
00
99
99
89
93
66
90S 65
206 95
86,394 48
99,520
16,470
1,410
13,435
79,668
14,378
1,458
2,875
....
Cash
519,1.30 54
Matured share
1,280,800 00
certificates
share certificates
Paid-up
Forfeited share account
517,800
303
86,405
44,623
50,000
20,750
24
....
....
....
.
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Due on foreclosure sale
Dividends on matured share
cates
Dividends on paid-up share
cates
....
....
....
....
....
15,355 38
certifi
6,472 50
$5,190,728 54
Membership
Shares
Withdrawn during year
Forfeited during year
00
58
75
59
00
00
20
certifi
$5,190,728 54
Issued during year
1926
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Unpaid fines
Permanent expense account
Insurance and taxes paid
Personal accounts
Part III.
8,
15,
Members
Members who
12,104
6,895
400
Holders
of:
— are borrowers
.
6,131
1,866
.
.
.
5,378
1,160
.
.
.
486
....
Unmatured shares
Matured share certificates
3,523
Matured during year
56,944
Shares in force
28,210
Shares now pledged
6,404
Matured shares represented by certificates
2,589
Paid-up shares represented by certificates
New series issued in February, May, August, November.
.
.
Paid-up share
certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
second term, l?-8%; third term,
1,3/r%: fourth 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
Certificates
1M%;
third term,
1M%10%
than 4 years old;
thereafter.
Rates and Averages on Loans
1
573
$4,531,500;
6^%,
.2^7 sAareZoa7is (average,
5%, $294,100
average rate, 5.94%);
real estate loans (average, $3,100 each;
%, 836,050;
6%
$12,350.
$373 each; average
21 loans on matured share certificates:
6 loans on paid-up share certificates:
6%,
6%,
rate,
6.01%): 5%,, $280; 6%, $95,970; 6)^%,
.$3,270
$16,470.
$1,410.
Total Expenses for Year
Rent
Salaries
Amount
$10,267.10
1.98
paid for
Cost per $1,000 of assets
.
Other
Expenses
$8,416.63
1 62
Advertising
3,264.07
$2,-560.43
.
Total
$27,508.23
5 30
.
LOWELL — MIDDLESEX CO-OPERATIVE BANK
Incorporated
November
2,
1892.
Began business November
3,
1892
William D. Brown, Treasurer
William M. Sherwell, President
Board of Directors: W. D. Brown, H. W. Coburn, C. W. Dana*, Arthur Genest, E. J. Gilmore, S. C. Gulline,
N. D. Keables*, F. S. Kingsbury, S. G. Pillsbury, W. M. Sherwell*, P. J. Wilson.
Regular meetings for receipt of moneys the
last
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Leans on real estate
liOans on shares
Real estate by foreclosure,
Unpaid interest
Cash
.
.
.
.
29,
1926
Liabilities
Assets
,926,150 00
etc.
.
48,280
9,715
6,494
31,196
on
34
38
38
....
...
....
.....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
.
.
.
.
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted
loans
Dividends on matured share
.
cates
33
00
3,882 50
certifi-
2,360 00
$2,021,836 10
$2,021,836 10
* Securitv
00
20
00
00
00
07
certifi-
cates
Dividends on paid-up share
$1,196,594
257,895
310,600
188,800
2
37,157
18,645
5,900
Committee.
P.D.
8,
Part
107
III.
Membership
Shares
Issued during year
Members
Members who
507
355
6S
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 February, May, August
Holders
of:
2,294
are borrowers
—
741
....
Unmatured shares
Matured share certificates
,016
,287
,200
Paid-up share
553
944
certificates
.
.
.
,
.
.
.
.
.
1,969
263
173
Profits Distributed
•^O"
Unmatured Shares
vember.
First term,
1%%;
second term,
1%%.
\ys%\ fourth term,
\%%\
Matured and Paid-up Share
1J^%; second term,
fourth term, 1^%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
25% on
Certificates
1M%;
10%
than 4 years old;
series less
third term,
third term,
thereafter.
Rates and Averages on Loans
(average, $3,189 each; average rate, 5.78%): 5%, $190,200; 5^%. $19,300;
$1,715,650; 6J^%„ $1,000.
71 share loans (average, $680 each; average rate, 6%): 5%, $130; 6%, $47,300; 6^%, $850.
604
real estate loans
6%,
Total Expenses for Year
Amount paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$5,012.00
2.46
$963 30
$104.89
.49
.05
.
Other
Expenses
$832.24
Total
$6,912.43
3.41
.41
LYNN — EQUITABLE CO-OPERATIVE BANK
Incorporated October
Frederick
W.
2,
1877.
Began business October
8,
1877
Edwin
Hixon, President
C. Lewis, Treasurer
Jessie T. Seeton, Assistant Treasurer
of Directors: J. E. Blanohard, T. B. Curtis, A. J. Higgins, F. W. Hixon, H. W. Howard*, Charles Leighton, E. C. Lewis*, C. L. Long*, W. D. Martin, F. L. Perkins*, F. J. Richards, Z. L. Seymour, A. B. Tolman, F. A. Turnbull, J. W. Whyte.
Board
Regular meetings for receipt of moneys the
first
Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
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
....
6,
1926
Liabilities
D,06 1,400 00
303,530
12,820
5,960
19,478
4,478
2,794
00
00
00
72
60
42
574 36
289,614 24
Dues
capital
Profits capital
$6,555,007
1,341,859
1,342,000
1,040,600
6,171
3
204,334
118,745
55,346
1,065
5
35,512
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Due on uncompleted
loans
$10,700,650 34
257
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.
......
—
Membership
32,366
22,852
Forfeited during year
36
10
80
38
30
00
20
$10,700,650 34
Shares
Issued during year
Withdrawn during year
00
24
00
00
96
4,112
137,605
61,671
6,710
5,203
Members
Members who
Holders
of:
are borrowers
....
.
Unmatured shares
Matured share certificates
.
Paid-up share certificates
.
.
.
.
.
.
.
Profits Distributed
Unmatured Shares
First term,
2%%;
second term, 3%.
Matured and Paid-up Share Certificates
First term, 2H%; second term, 2>4%.
Proportion of profits retained on voluntary withdrawals, none.
* Security
Committee.
10,994
3,848
10,178
1,053
786
P.D.
108
8,
Part III.
Rates and Averages on Loans
5M%,
3,841 real estate loans (average, $2,619 each; average rate, 5.97%):
$4,600.
1,253 share loans (average, $242 each; average rate, 6.01%): 5%, $350;
$4,220.
47 loans on matured share certificates: 6%, $12,820.
S3 loans on paid-up share certificates: 6%, $5,960.
$571,600;
6%,
$9,485,200;
7%,
5J^%, $570; 6%, $298,390; 7%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
Total
820,480.70
1.91
52,676.63
.25
$5.50
$6,244.84
529,407.67
.58
2.74
LYNN — LINCOLN CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 48 Central Square, Lynn, and 50 State Street,
Boston)
Incorporated April
Jesse
M.
Board of
7,
1909.
Began business April
Directors: E. H.
Butterfield*, T. J.
Ballard, E.
E P
H. R. Stanbon, G. T.
26, 1909
Edward M. Barney,
Holder, President
M. Barney*,
Dumas, G. B. Grant,
Harry Turner*.
W. A. Bishop,
Kenneally, W. M. Nye,
I..
L. Barney. .James Bennett,
J.
M.
Holder*, E.
J.
Treasurer
E. E. Boyer,
A. E. Quick,
Till*,
Regular meetings for receipt of moneys the
last
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
Loans on real estate
Temporary expense account
Cash
....
$946,810 00
120 50
11,040 16
$957,970 66
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
3,303
1,846
597
9,968
4,877
1,886
459
25, 1926
P.D.
8,
109
Part III.
LYNN — LYNN CO-OPERATIVE BANK
Incorporated
November
18, 1891.
Began business November
23, 1891
Charles B. Bethune, Treasurer
Frank E. Wells, President
Pauline Crabtre, Assistant Treasurer
C. B. Bethune*, R. S. Campbell*, David Johnson, I. W. Perkins, G. E. Powers, F. C.
Reed*, Frank Strickland, J. H. Sutherland, F. A. Trafton, O. L. Upham, E. E. Wells, F. E. Wells.
Board
of Directors:
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Cash
,192,660 00
66,375 00
00
3,760 00
.5,485
.....
9,139 14
104,619 43
Dues capital
Profits capital
Matured share
Paid-up
....
....
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for
.
.
.
.
.
.
.
money borrowed
Due on uncompleted loans
.
Dividends on matured share
Dividends on paid-up share
cates
$3,332,038 57
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by
Paid-up shares represented by certificates
series issued in
May, November
1926
.
.
$1,697,157
315,284
788,600
323,600
122
52,417
42,248
100,000
36,445
00
48
00
00
81
44
88
00
94
certifi-
18,072 02
cates
New
4,
Liabilities
certifi-
8,090 00
$3,382,038 57
P.D.
8,
OCTOBER
4,
110
STATEMENT OF CONDITION AT THE
CLOSE OF BUSINESS,
Part III.
1926
Liabilities
Assets
Dues
$460,850 00
9,800 00
435 02
724 97
8,272 39
Loans on real estate
Loans on shares
Temporary expense account
Rent and light
Cash
....
S353,777 00
76,606 92
27,400 00
1,167 25
5,616 09
9,958 41
5,364 93
100 41
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
75
74 62
16 00
Withdrawal profits
Security committee
$480,082 38
$480,082 38
......
—
Membership
Shares
Members
Members who
1,143
Issued during year
776
85
Withdrawn during year
Forfeited during year
....
Holders of:
LTnmatured shares
Paid-up share certificates
6,514
Shares in force
2,471
Shares now pledged
137
Paid-up shares represented by certificates
New series issued in March, June, September, De^
cember.
.
.
730
162
are borrowers
714
20
Profits Distributed
Unmatured Shares
l^/u%; second term, 1^/16%;
lVi6%; fourth term, lVi6%.
First term,
Paid-up Share
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
series less
1M%;
term,
third
1M%.
fourth term,
20% on
Certificates
lJi%; second term,
First term,
third term,
than 5 years old; after
5 years,
Rates and Averages on Loans
131 real estate loans (average, $3,518 each; average rate, 6.42%): 5^%, $13,400; 6%, $44,600;
$402,850.
31 share loajis {average, $316 each; average rate, 6.35%): 6%, $2,900; 6}^%, $6,900.
6>^%
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$1,120.00
$616.94
Advertising
$74 25
.
.16
Other
Expenses
$530 55
1.10
.
Total
;2,341.74
4.87
MALDEN — MALDEN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Second National Bank, Boston)
Incorporated April 27, 1887.
May
Began business
Board of Directors: H. C. Bacon, H. H. Barrett, F. A. Bayrd,
Grant, G. H. Hartley, Lloyd Makepeace, William Niedner,
pole,* E.
9,
1887
Lawrence H. Marston, Treasurer
Lloyd Makepeace, President
J.
L.
M.
W.
Corbett, G. D. Crawford*, Alexander
Ransom, E. S. Stack-
Pillsbury, C. E.
B. Stiles*.
Regular meetings for receipt
of
moneys the second Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Insurance and taxes paid
Cash
.
.
11,
1926
Liabilities
Assets
.
,312,500 00
65,645 00
6,210 00
363 29
171,385 74
....
....
.....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
.
.
.
.
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted
loans
Dividends on matured share
.
.
cates
$4,556,104 03
* Security
00
SO
00
00
45
87
34
00
82
certifi-
19,703 75
cates
Dividends on paid-up share
$1,997,409
394,406
1,782,200
113,200
1,026
57,063
57,524
90,000
42,204
certifi-
1,365 00
$4,556,104 03
Committee.
P.D.
8,
Part III.
111
....
....
....
....
.....
....
....
Membership
Shares
Issued during year
Withdrawn during year
19,905
7,4.30
Forfeited during year
.30
5,763
Matured during year
49,656
Shares in force
25,868
Shares now pledged
8,911
Matured shares represented by certificates
566
Paid-up shares represented by certificates
New series issued in February, May, August, November.
Members
Members who
Holders
5,603
1,458
— are borrowers
of:
Unmatured shares
Matured share certificates
Paid-up share
4,253
1,258
.
92
certificates
Profits Distributed
Unmatured Shares and Matured Share
1%%;
First term,
second term,
l%%;
Certificates
third term,
13^%; fourth term, 1^^%.
Paid-up Share Certificates
second term, 1}4%; third term,
1M%;
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
1M%.
fourth term,
20% on
series less
than 5 years
after 5 years,
old;
Rates and Averages on Loans
1,303 real estate loans (average, .?3,304 each; average rate. 6.37%): 5%, S33,100; 5M%, $290,175;
$46,100; 5M%-$500; 6%, $245,800; 6i^%, $3,672,225; 7%, $24,600.
338 share loans (average, $194 each; average rate, 6.48%): 6%, $1,365; 6M%, $64,280.
19 loans on matured share certificates: 6M%, $6,210.
5J^%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$8,836.62
1.94
$1,722.40
$1,097.39
.38
.24
Other
Expenses
$4,966.06
1 09
.
Total
$16,622.47
3 65
.
MANSFIELD — MANSFIELD CO-OPERATIVE BANK
Incorporated March 10, 1883.
Began business March
1883
21,
Herbert E. King, Treasurer
Daniel C. Richardson, President
H. W. Butterworth, O. P. Cook*, C. N. Crane*, T. J. Fox*, J. R. Hodges, H. E. King,
Austin Mason, William Olliff, J. W. Rathburn, D. C. Richardson, K. C. Sherman, A. E. Shields, H. W.
Snyder, John Somers, R. W. Wheeler.
Board of
Directors:
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Unpaid premiums
Unpaid fines
Cash
20, 1926
Liabilities
00
39,900 00
100 00
,330,1.50
certificates
...
....
.....
Dues capital
Profits capital
.
.
.
.
.
.
.
.
.
$850,073
Matured share
5,181 92
108 61
315 18
Paid-up
48,577 57
Surplus
certificates
share certificates
...
Forfeited share account
Guaranty fund
.
.
Due on uncompleted
Personal accounts
.
.
.
Dividends on matured share
cates
.
.
.
Dividends on paid-up share
cates
.
.
.
loans
.
.
.
.
.
certifi.
.
certifi.
.
$1,424,333 28
Forfeited during year
3,160
1,850
20
Matured during year
415
Withdrawn during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New
series issued in
....
—
Membership
Shares
Issued during year
15,779
7,524
1,010
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
565
May, November.
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share Certificates
First term, 23^%; second term, 23^%.
P.D.
112
8,
Part III.
Rates and Averages on Loans
666 real estate loans (average, $2,350 each; average rate, 6.12%): 612/100%, $1,330,150.
87 share loans (average, $459 each; average rate, 6.48%): 6"/ioo%, $39,900.
i loan on matured share certificates : 6%, $100.
Total Expenses for Year
$244 50
$26.50
Other
Expenses
$825.30
.17
.02
.58
Rent
Salaries
Amount
$4,270.00
2.93
paid for
Cost per $1,000 of assets
.
Advertising
.
Total
$5,366.30
3.70
MARBLEHEAD — MARBLEHEAD CO-OPERATIVE BANK
Incorporated
May
5,
1886.
May
Began business
1886
6,
Henry C.
John Lancy, President
Millett, Treasurer
Board of Directors: E. D. Chapman. H. A. Coffin, G. N. Dennis, R. B. Hamson, W. T. Harris, John Lancv,
J. L. Litchman, J. A. Martin*, W. G. Martin, Frank Millett*, H. C. Millett, 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 BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Insurance and taxes paid
Cash
$13,003 36
638,850 00
17,180 00
.
,
.
.
,
7,
1926
Liabilities
Dues
capital
Profits capital
.
.
.
.
.
.
.
.
,
Matured share
certificates
share certificates
1,196 70
185 12
Paid-up
Guaranty fund
.
.
.
.
260 76
28,468 62
Surplus
.
.
.
,
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
$599,144 56
.
Due on uncompleted
....
....
certificertifi-
$423,928 00
P.D.
8,
Part
113
III.
MARLBOROUGH — MARLBOROUGH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Sumner
Westborough Drug Company, Westborough)
May
Began business
Incorporated April 16, 1S90.
1,
1S90
Claude E. Williams, Treasurer
P. Willard, President
J. F. Bigelow*, F. E. Brunelle, M. J. Buckley, C. A. Cook, J. A. Curtiss, W. S.
M. Forbush, A. C. Lamson, F. W. McKenzie, J. F. J. Otterson*, F. W. Pratt,
E. Warren*, S. P. Willard, C. E. Williams, T. F. Williams*, S. P. Wood.
Board of Directors: E. E. Allen,
Field. F. B. Fletcher*, A.
J.
Regular meetings for receipt of moneys the second Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
14,
1926
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Temporary expense account
Insurance and taxes paid
Cash
Dues
00
00
00
04
58
333 42
78,444 13
S2,.328, 300
capital
Profits capital
39,730
14,180
4,560
3,147
certificates
share certificates
Paid-up
00
22
00
00
$1,181,348
205,600
895,200
51,800
.
Matured share
Forfeited share account
11 71
Guaranty fund
32,341
16,430
67,110
2,144
4
1,374
15,150
180
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
$2,468,695 17
51
05
.57
72
00
39
00
00
$2,468,695 17
.....
—
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matui'ed shares represented by certificates
Paid-up shares represented by certificates
New series issued in May, November.
Members
Members who
6,508
3,079
69
1,695
24,975
13,628
4,476
Holders
of:
2,889
1,009
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
2.390
747
42
.
certificates
Profits Distributed
259
Unmatured Shares
First term,
3%; second
3%.
term,
Matured Share Certificates
First term, 2J^%; second term, 2%%.
Paid-up Share
First term,
Certificates
2]4%; second term, 2}i%.
Proportion of profits retained on voluntary withdrawals, 20% on series
the last six months' dividend.
than 5 years old; after 5 years,
less
Rates and Averages on Loans
1,190 real estate loans (average, $1,957 each; average rate, 6.05%): 5%, $3,350; 514%, $154,750Sl,771,200; 63^%, $399,000.
3^5 s/iareioan^ (average, $126 each; average rate, 6.19%): 5J^%, $300; 6%, .124,310; 6><%, $15 120
24 loans on matured share certificates: 6%, $11,250; 63^%, $2,930.
6%
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$3,500.00
1.42
,
Rent
Advertising
$945.00
$395.00
Other
Expenses
$1,500.38
.38
.16
.61
Total
$6,340.38
2.56
MEDFIELD — MEDFIELD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 23 South Street, Medfield; E. V. Mitchell Factory, Medfield; Thome's Grain Store, Millis)
Incorporated December 29, 1905.
Began business January
Ellery C. Crocker, President
Board of Directors: W. F. Abell*,
Cushman, F. E. Day, J. A.
Mayo,
J.
W.
8,
1906
Laprelette
W.
Wheeler, Treasurer
Atherton, R. B. Blood, A. L. Clark, L. K. Conant, E. C. Crocker,
Fitts*, M. E. Griffin, Frank Hamm, G. P. Holbrook, M. B. La Croix
Payson, E. F. Richardson, H. H. Thorne*, L. W. Wheeler.
J. L.
Regular meetings for receipt of moneys the second
* Security
Committee.
Monday
of each
month.
H N
L
e'
P.D.
114
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Temporary expense account
Bank
building expense
8,
Liabilities
$887,925 00
15,005 00
2,735 00
5,000 00
1,279 59
167 93
Dues
$419,319
71,194
303,000
58,200
16,000
11,718
5,413
capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Matured share account
Guaranty fund
Surplus
Fines
Transfer fees
Due on uncompleted loans
Other liabilities
.....
—
Membership
2,463
1,312
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.
559
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
9,931
5,267
1,515
291
Profits Distributed
Unmatured
3%; second
2%%;
First term,
2}^%; second term, 2}4%.
second term, 2%%'.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
6%,
rate, 6%): 6%, $887,925.
6%): 6%, $15,005.
average
rate,
$2,735.
Total Expenses
Salaries
.
$2,066.64
2.27
3%.
Certificates
First term,
Paid-up Share
2S share loans (average, $535 each; average
Sharet?
term,
Matured Share
real estate loans (average, $2,911 each;
840
.
Paid-up share certificates
First term,
paid for
Cost per $1,000 of assets
58
23
$912,112 52
Shares
Issued during year
Amount
96
00
00
00
341 47
3 50
9,594 13
266 16
$912,112 52
loans on matured share certificates:
00
17,061 49
Interest
.30-5
Part III.
11. 1926
Certificates
241
58
P.D.
8,
Part III.
Shares
116
P.D.
8,
Part
III.
Rates and Averages on Loans
1,^94 real estate loans (average,
,455 each; average rate, 6.37%): 5%, $3,900; 5)^%, $327,100; 6%, $512,050;
6>-2%, $3,627,950.
390 share loans (average, $249 each; average rate, 6.48%) 5}4%, $430 6%, $2,770; 6H%, $93,740.
46 loans on matured share certificates: 6%, $1,800; 6H%, $18,080.
3 loans on paid-up share certificates: 6J^%, $1,100.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$13,889.18
2.94
$1,074.24
$1,066.60
$2,731.85
.23
.22
.58
Advertising
Total
$18,761.87
3.97
MEDFORD — WEST MEDFORD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: American Trust Company, Boston;
Cahalan, Central Block, Medford Square, Medford)
Incorporated
Albert
W. Hathaway,
May
9,
1924.
Began business June
10,
J.
Frank
1924
Arthur W. Byam, Treasurer
President
Directors: F. W. Abbott, J. B. Adam.s*, E. R. Brackett, A. W. Bvam. J. F. Cahalan, L. M. Child,
W. F. Colby, T. D. Collins*, M. G. P. Cressy, E. C. Farrington, J. R. Gaffev, A. D. Hall*, A. W. Hathaway, G. E. Healev, F. W. Holmes, W. F. Hosmer, W. H. Marden, D. B. Mulcahy*, W. G. Perry, A. C.
Peters, W. F. Pinkham, W. J. Reilly, L. O. White, W. F. Wiltshire*.
Board of
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans on real estate
Loans on shares
Permanent expense account
Temporary expense account
Cash
.
.
.
.
.
.
.
Liabilities
$163,600
4,968
155
63
00
00
72
01
8,777 93
$177,564 66
Shares
Issued during year
Withdrawn during year
1,680
875
160
Shares in force
6,862
Shares now pledged
1,173
66
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Forfeited during year
13,
1926
P.D.
8,
117
Part III.
MEDWAY — MEDWAY
CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Bellingham Woolen Co., North Bellinghanr>;
Herman Shoe
Incorporated September
W.
William
7,
1915.
Co., Millis)
Began business October
5,
1915
Daniel
Ollendorff, President
M.
Malloy, Treasurer
Directors: J. A. Cole*, J. F. Collins, P. B. Hart*, W. H. Holbrook, R. W. Hunter*, D. M. Malloy,
T. F. Malloy*, F. J. O'Donnell, R. M. O'Donnell, T. E. O'Donnell, W. W. Ollendorff* J. H. Reardon,
E. F. Richardson, A. L. Saunders, C. A. Smith.
Board of
Regular meetings
for receipt of
moneys
the
first
Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
5,
$389,620 00
12,365 00
179 19
12,444 11
Dues
$312,915 00
63,981 00
20,600 00
474 60
4,628 67
8,293 95
capital
Profits capital
.
Paid-up share certificates
Forfeited share account
Guaranty fund
.
Surplus
2,445 49
Interest
Fines
Transfer fees
68 63
50
106 46
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
1,000 00
10 00
84 00
.
$414,608 30
$414,608 30
.....
—
Membership
Shares
Issued during year
Withdrawn during year
1926
Liabilities
1,026
970
30
.
Forfeited during year
Shares in force
iShares now pledged
Paid-up shares represented by certificates
New series issued in April, October.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
6,406
2,363
103
Paid-up share
667
194
658
18
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Paid-up Share Certificates
First term, 2)2%; second term, 2>2%Proportion of profits retained on voluntary withdrawals,
none.
20%
on
series less
than 5 years
old;
Rates and Averages on Loans
Ids real estate loans (average, $2,46& each; average rate, 6.99%) 6%, $28,000; 7%, $361,620.
38 share loans (average, $325 each; average rate, 6.95%): 6%, $450; 7%, $11,915.
:
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
after 5 years,
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
2,
118
....
Assets
Dues
•11,800,705 00
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
434 11
114 50
32,017 79
.
00
99
00
00
00
87
15,.54S 37
6,169 23
197 87
50
131 02
$1,037,628
197,811
363,800
180,800
15
25,823
capital
Profits capital
35,020 00
4,955 00
3,000 00
428 42
.....
Cash
1926
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
Personal accounts
Part IIL
Surplu.s
Interest
Fines
Tran.sfer fees
Withdrawal profits
Bills payable for money
Due on uncompleted
Security committee
Personal accounts
Overs and shorts
borrowed
40,000 00
600 00
29 00
94 46
loans
.
25 51
$1,876,674 82
$1,876,674 82
....
—
Membership
Shares
Members
Members who
6,133
Issued during year
3,7.57
"Withdrawn during year
655
Matured during year
24,179
Shares in force
10,601
Shares now pledged
1,819
Matured shares represented by certificates
904
Paid-up shares represented by certificate,
October.
January,
April.
July,
in
New series issued
Holders
of:
are borrowers
2,546
638
.
Unmatured shares
Matured share certificates
Paid-up share
2,149
331
161
certificates
Profits Distributed
Unmatured Shares
lVi6%; third term,
First term, l^/i6%; second term,
lVi6%; fourth term, lVi6%.
Matured Share
Fir.st
Certificates
term, 16/i6%; second term, 15/i6%; third term,
lVi6%; fourth term, lVi6%.
Paid-up Share
First term,
1M%;
Certificates:
l}4%; second term,
1M%;
third term,
1M%-
fourth term,
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
series
Rates and Averages on Loans
6%,
average rate, 5.97%); 5}/^%, $82,850;
141 share loans (average, $248 each; average rate, 6%): 6%, $35,020.
6 loans on matured share certificates: 6%, $4,955.
6 loans on paid-up share certificates: 6%, $3,000.
537
real estate loans {aveTsige, $3,417 each;
$1,717,855.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
$3,882.10
.
Rent
$912.80
Advertising
$248 60
.
.13
of assets
Other
Expenses
$2,028.91
1.08
,072.41
3.76
MERRIMAC — ECONOMY CO-OPERATIVE BANK
Began business August
Incorporated July 26, 1889.
Fred
S.
12, 1889
Clifton B. Heath, Treasurer
Hardwick, President
Board of Directors: G. W. Davis, H. M. Emery*, F.
G.
S. Preble,
A.
W.
S.
Hardwick, C. B. Heath, Zenas Lovell, C. W. Morrell*,
Sawyer*,
I.
A. Williams.
Regular meetings for receipt of moneys the second
* Security
Committee.
Monday
of
each month.
P.D.
8,
119
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
11,
Liabilities
Assets
Loans on real estate
Loans on shares
Unpaid interest
Unpaid premiums
Unpaid fines
Temporary expense account
Cash
iS
Dues
capital
Profits capital
160, 57 5 00
10,075 00
542 13
29 00
.
....
.81
.
Guaranty fund
75 76
287 27
.3,470 69
.
1,091 89
Interest
2,550 95
134 05
74 14
2.55 71
Premiums
Fines
AVithdrawal
profits
$175,054 85
.....
—
Membership
Shares
Issued during year
Withdrawn during year
Retired during year
Matured during year
Members
Members who
349
42
16
Holders
of:
Unmatured shares
313
Profits Distributed
February, August.
Unmatured Shares
3%; second
First term,
Proportion
313
144
are borrowers
2,476
1.166
Shares in force
Shares now pledged
series issued in
00
29,195 45
3,.360 66
38, .392
Surplus
$175,054 85
New
1926
of profits retained
term,
3%.
on voluntary withdrawals, 10%.
Rates and Averages on Loans
126 real estate loans (average. $1,274 each; average rate, 6.3%): 6Vio%, $160,575.
36 share loans (average, $279 each; average rate, 6.3%); 6Vii)%, $10,075.
Total Expenses for Year
Rent
Salaries
Amount
$800.00
4.57
paid for
Cost per $1,000 of assets
.
Advertising
$150.00
Other
Expenses
$118.70
.68
Total
$1,068.70
6.11
METHUEN — METHUEN CO-OPERATIVE BANK
Incorporated April
Frank
4,
1923.
Began business April
13,
1923
Raymond
A. Gordon, President
B. Kinney, Treasurer
Board of Directors: H. E. Brown, H. A. Cregg, Thomas Dow*. J. D. Emerson, A. H. Gammons, A. C. Gaunt,
B. B. Gordon, F. A. Gordon, B. E. Hill*, R. B. Kinney, J. H. Lord, C. I. Lyons, A. J. Richardson, 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 BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Unpaid interest
Permanent expense account
Temporary expense account
Cash
....
$99,250 00
3,875 00
540 97
75 00
50 92
5,334 27
Dues capital
Profits capital
$93,192 00
8,782 20
2,000 00
1,027 28
644 82
919 96
.
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
....
748 81
12 94
942 57
855 .58
Withdrawal profits
Due on uncompleted loans
$109,126 16
....
....
.....
....
$109,126 16
.....
—
Membership
Shares
Issued during year
Withdrawn during year
30, 1926
Liabilities
Assets
463
618
2,721
Shares in force
566
Shares now pledged
10
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Members
Members who
Holders
of:
are borrowers
256
54
L'^nmatured shares
Paid-up share
certificates
Profits Distributed
V nmatured
Sharts
l?s%; second term,
1V8%; fourth term, 1J^%.
First term,
Proportion of profits retained on voluntary withdrawals, 25%.
* Securitv
Committee.
1 Jj'
third term,
P.D.
120
Part III.
8,
Rates and Averages on Loans
37 real estate loans (average, $2,682
1,682 each; average rate, 6.50%): 6J^%, $99,250.
17 share loans (average, $227 each; average rate, 6.50%); 6i4%, $3,875.
Total Expenses for Year
Amount
paid for
Cost, per $1,000 of assets
.
Salaries
Rent
Advertising
$128.00
$65.08
$23.75
.60
.22
Other
Expenses
$160.47
Total
$377.30
3.46
1.47
MIDDLEBOROUGH — MIDDLEBOROUGH 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 Alay
1,
Began business
1889.
May
21,
1889
Alvin C. Howes, President
Walter L. Beals, Treasurer
Irene B.
Dunham,
Assistant Treasurer
Board of Directors: C. N. Atwood*, L. O. Atwood, W. L. Beals, S. L. Brett, G. N. Dupont, A. C. Howes*,
J. H. Kennedy, L. B. Mendall, A. F. Mitchell, H. W. Sears*, H. W. Sears, Jr., D. D. Sullivan*, J. V.
SulhVan, A. A. Thomas, Lorenzo "Wood*.
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
"
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Insurance and taxes paid
,887,100
17,670
4,470
5,610
Cash
Dues capital
Profits capital
00
00
00
96
.....
157,947
711,400
103,400
375
98,768
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
.
loans
08
certifi
10,196 67
Dividends on paid-up share
certifi-
1,292 50
cates
$1,999,409 99
$1,999,409 99
....
—
Membership
Shares
Matured during year
92
12,105 46
32,726 61
117 00
cates
Forfeited during year
00
27,7.35 31
Dividends on matured share
....
....
....
....
.....
....
00
00
Surplus
Due on uncompleted
Withdrawn during year
00
44
Guaranty fund
Security committee
Overs and shorts
Issued during year
1926
.•$84.3,345
.
Matured share
250 81
25,000 00
59,308 22
Certificates of deposit
19,
Liabilities
Members
Members who
4,929
2,335
57
1,111
18,571
10,002
3,557
843
Unmatured shares
Matured share certificates
1,655
611
71
Holders
Shares in force
Shares now pledged
Matured .shares represented by certificates
Paid-up shares repre.sented by certifi.cates
517
New series issued in February, May, August, November.
2,061
are borrowers
of:
.
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured Share
1%%; .second term,
fourth term, 13^^%.
First term,
1%%;
First term,
IH%;
1%%;
Certificates
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
793 real
estate loans (average,
6%,
$2,380 each; average rate, 5.99%);
5%,
$2,300;
5^%,
$2,300; o}'-j%. $32,800;
$1,849,700.
65 share loans (average, $321 each; average rate, 5.99%): 5J^%, $200; 6%, $17,470.
12 loans on matured share certificates: 6%, $4,470.
Total Expenses for Year
Salaries
Amount paid
for
.
S6,534.53
Rent
$572.52
Cost per $1,000 of assets
* Security
Committee.
Advertising
Other
Expenses
$349.92
$1,871.17
Total
9,328.14
.17
.94
4.67
P.D.
121
Part III.
8,
MILFORD — MILFORD
Incorporated
March
CO-OPERATIVE BANK
Began business April
31, 1887.
1887
1,
Walter F. Mann, Treasurer
Lucius E. Heath, President
Minnie
S.
Walker, Assistant Treasurer
C F Austin, H. S. Chadbourne*, C. L. Clark*, C. E. Cooney, G. C. Eastman, L. E. Heath*,
Lawless, L. B. Libbey, R. Mainini, W. F. Mann, W. S. Marden, J. A. Wallace, Arthur Webb, T. J.
Whipple.
Welch*, F. A.
Board of Directors:
P
J.
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certifioates
Loans on paid-up share certificates
Unpaid fines
Permanent expense account
Temporary expense account
Cash
.
.
4,
1926
Liabilities
Assets
.
....
Dues capital
Profits capital
00
00
00
00
92
400 00
474 26
10,418 46
$1,660,700
38,395
2,420
1,050
161
$1,011,855
206,614
254,400
168,200
38,509
18,953
4,937
30
10,400
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Interest
Withdrawal profits
Due on uncompleted loans
Due on foreclosure sale
00
73
00
00
60
62
55
96
00
118 18
.
$1,714,019 64
$1,714,019 64
....
—
Membership
Shares
Members
Members who
4,000
Issued during year
2,127
Withdrawn during year
630
Matured during year
20,053
Shares in force
9,622
Shares now pledged
1,272
Matured shares represented by certificates
841
Paid-up shares represented by certificates
New series issued in January, April, July, October.
Holders
of;
are borrowers
2,182
826
.
Unmatured shares
Matured share certificates
Paid-up share
2,161
218
153
certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
second term, \^4%\ third term,
13^%; fourth term, 1?-^%.
Matured and Paid-up Share
First term,
1M%;
1J^%; second term,
fourth term,
Proportion of profits retained on voluntary withdrawals,
50%
1M%.
Certificates
1M%;
third term,
of the last dividend.
Rates and Averages on Loans
681 real
estate loans
(average, $2,439 each;
average rate, 6.86%)
5J€%, $266,050;
5M%,
$39,600;
6%,
$1,355,050.
195 share loans (average, $197 each; average rate, 6%): 5}4%, $185; 6%, $38,210.
7 loans on matured share certificates: 6%, $2,420.
S loans on paid-up share certificates: 6%, $1,0.50.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$5,065.00
2.95
Advertising
$529.13
$52.30
.31
.03
Other
Expenses
$3,754.02
2.19
Total
9,400.45
5.48
MILLBURY — MILLBURY CO-OPERATIVE BANK
Incorporated January 30, 1926.
Warren
Began
business February 10, 1926
Ralph W. Brigham, Treasurer
B. Harris, President
Board of Directors: W. W. Brierly, R. W. Brigham, D. J. Dempsev*, T. A. Dowd, G. K. Fisher, W. F. Germaine, W. B. Harris, C. F. Holman*, F. W. Hooper, C. E. Home, E. F. Hull, H. J. Lavallee, Alcide Mayotte, J. J. Mulhane, B. O. Paine, H. B. Proctor, E. F. Rice, G. W. Rice, M. J. Roach, W. A. Roberts,
C. L. Undergraves, C. E. Watson, J. H. Welsh, A. D. Windle, A. J. Winter, E. W. Witter*.
Regular meetings for receipt of moneys the second Wednesday of each month.
* Security
Committee.
122
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part
13, 1926
III.
P.D.
Part III.
8,
123
....
Membership
Shares
Issued during year
Members
Members who
1,049
Withdrawn during year
812
30
Forfeited during year
Holders
of:
497
105
— are borrowers
Unmatured shares
5,840
Shares in force
1,912
Shares now pledged
152
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Paid-up share
484
21
certificates
Profits Distributed
Unmatured Shares
1%%;
First term,
second term,
iys%; fourth term,
1^%-
Paid-up Share
1M%;
fourth term,
third term.
Certificates
1}4%; second term,
First term,
1M%;
1%%;
third term,
1%%.
Proportion of profits retained on voluntary withdrawals, on series 4 years old or less, 50% of last dividend;
from 4 to 8 years, 33J^% of last dividend; after 8 years, 25% of last dividend.
Rates and Averages on Loans
(average, $4,180 each; average rate,
share loans (average, $416 each; average rate, 6%):
72 real
32
estate loans
6%): 6%, $301,000.
6%,
$13,320.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
Advertising
$545.83
$254 23
$86.50
1.71
.80
.27
.
Other
Expenses
$420.44
1.32
Total
$1,307.00
4.10
NATICK — HENRY WILSON CO-OPERATIVE BANK
Incorporated October 23, 1886.
Began business November
12,
1S86
Harvey H. Whitney, Treasurer
George F. Whitney, President
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, 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 BUSINESS, OCTOBER
Loans on
real estate
Xoans on
shares
8,
....
....
....
....
Assets
192G
Liabilities
$2,400,750 00
20,400 00
Loans on matured share certificates
Loans on paid-up share certificates
Common form mortgages
Cash
.....
Dues capital
Profits capital
$950,220 00
Matured share
700 00
600 00
1,850 00
Paid-up
16.483 29
Surplus
certificates
share certificates
Guaranty fund
Due on uncompleted loans
Personal accounts
Dividends on m.atured share
.
cates
Dividends on paid-up share
cates
certificertifi-
$2,440,783 29
....
....
....
....
vember.
....
—
Membership
Shares
Issued during year
9,975
"Withdrawn during year
2,812
Matured during year
1,738
Shares in force
22,873
Shares now pledged
12,839
Matured shares represented by certificates
5,598
Paid-up shares represented by certificates
251
New series issued in February, May, August, No-
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured Share
First term, l}/i%;
1H%;
second term,
fourth term,
1^%-
Paid-up Share
First term,
1
M%
;
,
1
M%
Certificates
third term.
Certificates
1H%', second term,
fourth term
1M%;
1M%;
third term,
P.D.
124
8,
Part III.
Rates and Averages on Loans
619 real
estate loans (average, $3,878 each;
$3,650.
average rate, 6.49%):
6%,
70 share loans (average, .$291 each; average rate, 6.46%): 6%, $1,500;
3 loans on matured share certificates: 6}'^%, .$700.
1 loan on paid-up share certificates: 63-2%, $600.
$43,500;
6H%,
Total Expenses for Year
Salaries
Amount
paid for
J5,351.67
.
Cost per $1,000 of
a.ssets
2.19
Rent
63^%, $2,353,600; 7%,
$18,800;
Advertising
7%,
$100.
P.D.
8,
125
Part III.
NEW BEDFORD — ACUSHNET CO-OPERATIVE BANK
Incorporated
November
15, 1889.
Began business November
1889
16,
William F. Desmond, Treasurer
Frederic Taber, President
Board of Directors: L. B. Bates*, S. J. Besse, W. F. Desmond, "W. B. Gardner, John Gibson*, E. F. Nicholson,
E. E. F. Potter, C. R. Price*, Frederic Taber, F. H. Taber, J. O. Thompson, Jr., B. A. Tripp, H. W. Tripp*,
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 BUSINESS, OCTOBER
Assets
62,110,175 00
51,225 00
4,315 56
Loans on real estate
Loans on shares
Unpaid interest
LTnpaid fines
Cash
23, 1926
Liabilities
449 76
.
167,709 97
.
Dues capital
Profits capital
.
.
.
.
.
.
,
$1,354,907
Matured share
Paid-up
certificates
share certificates
...
....
....
....
....
Forfeited share account
.
Guaranty fund
Surplus
Interest
Dividends on matured share
cates
Dividends on paid-up share
cates
certificertifi-
$2,333,875 29
....
....
....
.....
....
.
vember.
.
.
.
....
—
Membership
Shares
Issued during year
7,301
Withdrawn during year
5,421
48
Forfeited during year
Matured during year
1,423
Shares in force
29,411
Shares now pledged
13,081
Matured .shares represented by certificates
2,579
573
Paid-up share.s represented by certificates
New series issued in February, May, August, No-
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
arid
Matured Share
second term,
iys%; fourth term,
1%%.
Paid-up Share
First term,
1M%;
Certificates
third term,
Certificates
1}4%; second term,
fourth term,
1%%;
1M%-
1M%;
third term,
P.D.
126
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure,
Banking house
Unpaid interest
Unpaid fines
Insurance and taxes paid
Cash
.
.
1926
Liabilities
;,739,800
58,125
12,820
40,000
5,643
533
307
120,985
etc.
.
Part III.
8,
15,
.
00
00
Dues capital
Profits capital
14
Matured share
00
34
30
90
Paid-up
41
Interest
.
.
.
.
,
.
.
.
,
certificates
share certificates
...
....
....
....
Forfeited share account
.
Guaranty fund
Surplus
.
.
.
Due on uncompleted
cates
Dividends on paid-up share
cates
.
,
loans
Dividends on matured share
00
76
00
00
258 08
$1,627,067
309,695
795,600
120,200
58,875
52,502
267
2,000
34
08
80
00
certifi-
10,246 53
certifi-
1,502 50
$2,978,215 09
....
....
....
.....
....
.
vember.
.
.
....
—
Membership
Shares
Issued during year
8,005
Withdrawn during year
5,563
Forfeited during year
109
Matured during year
1,735
Shares in force
35,696
Shares now pledged
16,364
Matured shares represented by certificates
3,978
601
Paid-up shares represented by certificates
New series issued in February, May, August, No-
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
IH%;
1%%;
second term,
fourth term,
First term,
1%%;
Certificates
third term,
1%%.
Paid-up Share Certificates
second term, XM%; third term,
1M%;
1J€%; fourth term, lM7c-
P.D.
8,
127
Part III.
....
....
....
....
.....
....
Membership
Shares
Issued during year
Forfeited during year
Retired during year
.
.
.
Members
Members who
3,762
1,952
_32
511
Withdrawn during year
...
634
Unmatured shares
Matured share certificates
2,047
Holders
228
21,893
7,336
1,336
Matured during year
Shares in force
Shares now pledged
M.atured shares represented by certifieates
New series issued in April, October.
2,235
— are borrowers
of:
1S8
Profits Distributed
Unmatured Shares and Matured Share
3%; second
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
series less
term,
Certificates
3%.
than 7 years old; after 7 years,
Rates and Averages on Loans
average rate, 6.89%): 6 Vio%, $220,875;
16 share loans (average, $197 each; average rate, 7%): 7%, $3,150.
3 loans on matured share certificates: 7%, $700.
627
real estate loans (average, S2,2ol each;
7%,
,190,450.
Total Expenses for Year
Salaries
Amount paid
$5,223.26
3.53
for
Cost per $1,000 of assets
.
Rent
$624.00
$21.70
Other
Expenses
$2,269.70
.18,138.66
.01
1.53
5.49
Advertising
.42
Total
NEWTON — AUBURNDALE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Atlantic National Bank, 88
Boston)
Incorporated February
8, 1910.
Began business February
15,
Summer
Street,
1910
Charles E. Valentine, Treasurer
William K. Corey, President
Charles
S.
Cowdrey, Assistant Treasurer
Board of Directors: F. H. Allison, W. R. Amesbury, C. D. Ansley, G. A. Bacon, E. T. Cady, W. K. Corey,
William Coulson, C. S. Cowdrey, C. B. Floyd, J. H. Gordon*, W. F. Hadlock*, H. A. Hansen, G. F.
Howland*. C. P. Hutchinson, J. A. Leonard, H. H. Longfellow, W. H. Nash*, W. B. Smith, W. J. Spaulding, C. E. Valentine, H. A. Wentworth, G. M. Winslow*.
Regular meetings for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Permanent expense account
00
00
00
00
682 32
51,999 56
,223,629
15,140
1,700
2,000
.....
Temporary expense account
Cash
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
sh.ire certificates
Guaranty fund
Surplus
Interest
Fines
....
Due on uncompleted
Security committee
Overs and shorts
$1,295,150 88
....
....
.....
....
Shares
Issued during ye.ar
Withdrawn during year
Matured during year
.
.
.
.
4,994
2,302
811
15,197
6,756
2,557
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
265
New series issued in March, June, September, December.
loans
6,
1926
P.D.
128
8,
Part III.
Rates and Averag^es on Loans
^^^
real estate loans (average, $5,056 each;
average rate, 6.27%):
5K%,
$37,600;
6M%,
6%, $268,404;
$917,625.
6H%,
S3 share loans (average, $459 each; average, rate 6.40%); 6%, $2,870;
4 loans on matured share certificates: 6}^%, $1,700.
$12,270.
Total Expenses for Year
Amotint paid for
Cost per $1,000 of
.
assets
Salaries
Rent
12,195.00
1.70
8430.00
Other
Expenses
$897.01
Advertising
$211.00
.16
.69
Total
$3,733.01
2 88
.
NEWTON — NEWTON CO-OPERATIVE BANK
299
WALNUT STREET, NEWTONVILLE
(Other authorized locations for receipt of moneys: 73 Tremont Street, Boston, and Saco Lowell
Shop, Newton Upper Falls)
Incorporated June
Began
14, 1888.
business September 4, 1888
James W. French, President
J.
Alden V. Keene,
Board
of Directors:
Gerald*,
J.
C. R. Brown*,
W. French*, S.
W. M. Cahill,
W. French, G.
J.
Cheever
Fuller, Treasurer
Assistatit Treasurer
E. Callanan, T. C. Donovan, H. W. Fitts, C. A. FitzC. Fuller, F. H. Stuart*, G. M. Weed.
S. Fuller, J.
Regular meetings for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
5,
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
,102,150 00
30, son
875
400
2,666
278
43,580
00
00
00
80
43
55
Dues capital
Profits capital
$1,350,332
261,170
265,000
209,200
1,626
39,161
12,151
23,919
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Surplus
Interest
Fines
....
$2,180,750 78
$2,180,750 78
....
....
....
....
....
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by
Paid-up shares represented by
JSfew series issued in
cember.
certificates
certificates
....
—
Membership
Shares
Issued during year
00
07
00
00
24
20
67
77
349 63
444 95
17,395 25
.
Guaranty fund
Withdrawal profits
Due on uncompleted loans
Withdrawn during year
1926
Liabilities
8,386
5,368
29
673
30,852
11,705
Members
Members who
2,531
are borrowers
734
Unmatured shares
Matured share certificates
2,333
Holders
of:
Paid-up share
1,325
1,046
225
174
.
certificates
Profits Distributed
March, June, September, De-
Unmatured Shares
lVi6%; third term,
First term, l'/i6%; second term,
lVi6%; fourth term, V/is%.
Matured and Paid-up Share
First term,
1M%;
1M%;
second term,
fourth term,
Certificates
1M%;
third term,
1M%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series
from 5 to 8 years old; after 8 years, none. On series 88 or those issued subsequently, none.
Rates and Averages on Loans
654 reaiesio/eZoons (average, $3,165 each; average rate, 6.17%): 5%, $6,400; 5J^%, $116,200; 6%, $841,400;
6 Vio%, $1,014,500; 7%, $123,650.
65 s/iare Joans (average, $466 each; average rate, 6.28%): 6%, $7,455; 6 Vio%, $22,395; 7%, $950.
3 loans on matured share certificates: 6%, $75; 6^/io%, $800.
1 loan on paid-up share certificates: 6Vio%>$400.
* Security Committee.
P.D.
8,
Part III.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
$8,766.96
4.02
P.D.
130
8,
Part III.
NEWTON — NONANTUM CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 325 Water town Street, Newton)
Began business
Incorporated February 13, 1917.
May
1917
8,
Warren W.
Rupert C. Thompson, President
Oliver, Treasurer
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. Gotshall, W. T. Hannigan, H. H. Hawkins*, J. W. House, A. D.
Howlett, M. P. McKinnon, L. P. Mott, Leland Powers, B. M. Rich, G. E. Stuart*, R. C. Thompson,
G. F. Tracy, D. A. White, T. W. White.
Board of
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Cash
$266,850
10,698
790
9,538
.....
.
.
.
13, 1926
Liabilities
Dues
00
00
00
86
$216,987 00
38,255 68
26,200 00
.557 15
2,526 88
3,003 48
capital
Profits capital
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Dividends on paid-up share
.
....
cates
certifi
346 67
$287,876 86
$287,876 86
....
....
.
.
Withdrawn during year
.
.
Members
Members who
1,191
953
Holders
5,150
Shares in force
1,655
Shares now pledged
131
Paid-up shares represented by certificates
New series issued in February, jMay, August, No.
.
.
.
......
...
—
Membership
Shares
Issued during year
.
of:
are borrowers
Unmatured shares
Paid-up share
.
certificates
...
.
.
.
414
93
411
28
Profits Distributed
vember.
Unmatured Shares
\y&%\ second term, 1%%; third term,
ys%; fourth term, 1 ys%.
First term,
1
Paid-up Share Certificates
1H%\ second term, 1}4%; 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
63 real estate loans (average, $4,236 each; average rate, 6.18%): 6%, $218,450
37 shareloans (average, $396 each; average rate, 6%): 6%, $10,698.
3 loans on paid-up share certificates: 6%, .$790.
;
7%,
$48,400.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$970.00
$285.49
Advertising
Other
Expenses
$306.47
1.07
Total
$1,561.96
5.44
NEWTON — WEST NEWTON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Incorporated June 14, 1892.
Room
715, 387
Began business June
Washington
Street, Boston)
22, 1892
Alfred E. Thayer, Treasurer
Charles E. Hatfield, President
Lowe*, M. F. Lucas*,
J. Burrage, Alice L. Frost, R. S. Harrison, C. E Hatfield*, F. M.
Francis Newhall*, EUery Peabody, J. A. Reed, A. E. Thayer, S. B. Thomas, H. L. Whittlesey*, J. h..
Whittlesey.
Board of Directors: F.
.
Regular meetings for receipt of moneys the fourth Wednesday of each month.
* Security
Committee.
P.D.
8,
131
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
27, 1926
Liabilities
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Cash
$1.5,36.5
1,156,900
24,460
1,220
125
764
21,816
.....
62
00
00
00
00
S7
26
Dues
.S732,024 00
capital
Profits capital
.
143,020 69
178,400 00
121,600 00
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Fines
2.5
.
17,644 69
12,699 33
8,770 32
....
314 33
131 03
00
29 00
37 83
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
4,1.54
.
$1,220,651 75
$1,220,651 75
....
....
....
.....
....
....
—
Membership
Shares
Issued during year
00
1,801 53
.
4,142
2,390
Withdrawn during year
Matured during year
398
16,083
Shares in force
6,574
Shares now pledged
892
Matured shares represented by certificates
608
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,313
365
.
1.190
147
109
.
certificates
Profits Distributed
Unmatured Shares
First term, l'/i6%; second term, l'/i6%; third term,
lVi6%; fourth term, lVi8%.
Matured and Paid-up Share
First term,
1}4%;
1M%;
Proportion of profits retained on voluntary withdrawals, 10% on series
none.
less
Certificates
second term, 1J^%; third term,
fourth term,
1H%.
than 5 years old; after 5
Rates and Averages on Loans
314. real estate loans (average
684 each;
average rate, 5.94%):
$1,056,550.
SO share loans (average, $489 each: average rate, 6%): 6%, $24,460
3 loans on matured share certificates: 6%, $1,220.
1
loan on paid-up share certificates:
6%,
$125.
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
5Vio%, $77,850;
5M%,
$22,500;
6%,
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
4,
132
....
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by toreclosure, etc.
Banking house
Temporary expense account
Loans
Loans
Loans
Loans
Cash
.
.
.
Dues
$4,59S,600 00
115,345 00
5,075 00
capital
Profits capital
900 00
200 00
53
00
Paid-up
15
Interest
18,737
39,000
7,589
110,846
$2,-558,915
certificates
share certificates
458,400
425
81,683
61,716
121,881
3,299
3
Forfeited share account
Guaranty fund
Surplus
00
00
431,891 07
1,128,800 00
Matured share
Fines
Transfer fees
1,259
20,000
26,050
1,243
725
profits
payable for money borrowed
Due on uncompleted loans
Bills
Personal accounts
Building account expense
.
GO
24
90
27
15
49
25
24
00
00
00
07
$4,896,292 68
$4.896,292 68
Membership
Shares
Issued during year
Members
Members who
13,058
8,759
Withdrawn during year
.
75
Forfeited during year
Matvired during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
series issued in
1926
Liabilities
Withdrawal
New
Part III.
Holders
of:
—
.
Unmatured shares
Matured share certificates
1,128
56,793
27,738
5,644
2,292
5,437
1,659
.
.
are borrowers
Paid-up share
4,376
864
.
371
certificates
Profits Distributed
May, November.
Unmatured Shares
First term,
2%%;
First term,
2%%.
second term,
Matured Share
Certificates
2^|%; second term,
2^%.
Paid-up Share Certificates
First term, 23^%; second term, 2}^%.
25%
Proportion of profits retained on voluntary withdrawals,
none.
on
series less
than 4 years old; after 4 years,
Rates and Averages on Loans
J,32S real estate loans (average, $3,478 each; average rate,
332 share loans (average $358 each; average rate, 6%):
13 loans on matured share certificates: 6%, $5,075.
4? loans on paid-up share certificates:
6%, $900.
6%): 6%, $4,598,600.
6%, $115,345.
Total Expenses for Year
Amount paid
for
of assets
.
Cost per $1,000
Salaries
Rent
$9,679.01
1.98
$1,500.00
Other
Expenses
$3,793.64
.31
.77
Advertising
Total
$14,972.65
3.06
NORWOOD — NORWOOD CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Bird
Walpole, Mass.)
Incorporated September 20, 1889.
Frank A.
Board
&
Son, Inc.,
Began business October
Employment
1,
1889
John W. Schaeffer,
Fales, President
of Directors: F. G. Allen, R. T. Barr, E.
Fisher*, H. W. Gay, J. A. Hartshorn*, H.
ner, W. F. Tilton, R. R. Williamson.
H.
H.
Office, East
Jr.,
Treasurer
Bartlett, D. E. Callahan, Henry Crosby, F. A. Fales*, F. L.
Miller, J. E. Pendergast, J. W. Schaeffer, Jr., G. A. Stuntz-
Regular meetings for receipt of moneysthe
* Security
first
Committee.
Tuesday
of each
month.
P.D.
8,
133
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Unpaid fines
Permanent expense account
Temporary expense account
Transfer stamps
Cash
.
.
.
$2,
.
Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
now pledged
Matured shares represented by certificates
New series issued in April, October
.Shares
5,
1926
P.D.
134
Shares
8,
Part III.
P.D.
8,
Part III.
135
Rates and Averages on Loans
1,257 real estate loanx (average, $2,868 each; average rate, 5.93%): 5 H%, $434,920; 6%, $3,170,830.
ISS share loans (average, $336 each; average rate, 5.99%): 5}4%, $4.50; 6%, $44,300.
4 loans on matured share certificates : 6%, $2,700.
7 loans on paid-up share certificates: 6%, $1,350.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
PITTSFIELD
Salaries
Rent
Advertising
$5,128.00
1.40
$860.47
$476 00
Other
Expenses
$2,728.25
Total
$9,192.72
.23
.13
.74
2.50
— PITTSFIELD
W. Plumb,
CO-OPERATIVE BANK
Began business March
Incorporated February 15, 1889.
Arthur
.
1889
5,
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*, H. R. Peirson, R. C. Pierce, A. W. Plumb*.
Regular meetings for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
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
.....
13,
$50,000
2,171,800
52,386
4,845
6,280
Dues capital
Profits capital
00
00
00
00
00
$1,450,573
266,996
418,600
197,400
.
Matured share
Paid-up
Forfeited share account
.
Guaranty fund
.5,446 21
187,912 18
Surplus
Due on uncompleted loans
Dividends on matured share
17
12,500 00
....
....
certifi
10,060 00
4,935 00
$2,478,669 39
$2,478,669 39
....
—
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
series issued in
00
00
00
740 59
61,991 67
54,872 96
certificates
share certificates
cates
Di\fidends on paid-up share certifi
cates
New
1926
Liabilities
Members
Members who
5,404
4,988
31
Holders
of:
are borrowers
702
29,412
Unmatured shares
Matured share certificates
13,541
2,093
Paid-up share
2,598
932
.
2,598
386
.
161
certificates
Profits Distributed
987
May, November.
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
2}^%; second term, 2V^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate, 5.84%): 5%, $340,250; 6%, $1,831,550.
ISl share loans (average, $289 each; average rate, 6%) 5%, $100; 6%, $52,286.
7 loans on matured share certificates : 6%, $4,845.
7 loans on paid-up share certificates: 6%, $6,280.
737
real estate loatis (average, $2,947 each;
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$7,754.94
3.13
* Security
Advertising
Other
Expenses
$1,535.90
$697.71
$1,188.56
Total
$11,477.11
.62
.28
.60
4.63
Rent
Salaries
Committee.
P.D.
136
8,
Part III.
PITTSFIELD — UNION CO-OPERATIVE BANK
Incorporated January
4,
1911.
Began business January
17, 1911
William C. Moulton, Treasurer
Clifford Francis, President
W.
A. Burns, C. C. Chesnev, C. F. Coogan, G. H. Cooper, T. F. Cosjrriff,
B. Cummings, F. W. Dntton*, J. H. Enright, D. F. Farrell*, W. J.
Harry Holden, E. N. Huntress*, Joseph Insull, J. F. Kahl, W. C.
Moulton, D. T. Noonan, J. J. Pender, D. H. Pike*, T. F. Phinkett, J. B. Ruscitta, H. J. Ryan, J. R.
Saverv', R. F. Stanton, W. C. Stevenson, D. P. Sweenev, J. F. Titus, G. H. Tucker, J. McA. Vance, D. J.
Walsh, W. A. Whittlesey.
J. Bridgman,
Crane, J.
Jr., Z.
Board of Directors: H.
W. M.
Crane,
M.
Foss, Clifford Francis, D. J. Gimlich*,
Regular meetings for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Bonds and notes
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
20, 1926
Liabilities
$10,000
724,950
29,730
399
12,714
00
00
00
Dues capital
Profits capital
17
Paid-up
65
Forfeited share account
$516,927
65,256
103,800
66,600
253
8,370
8,674
.
Matured share
certificates
share certificates
3S
72
12
3,930 74
93 59
3,887 79
.
Guaranty fund
Surplus
Interest
Fines
....
Due on uncompleted
loans
$777,793 82
$777,793 82
Membership
Shares
Issued during year
5,774
3,729
68
Withdrawn during year
Forfeited during year
00
4S
00
00
280
Matured during year
16,544
Shares in force
5,413
Shares now pledged
519
Matured shares represented by certificates
333
Paid-up shares represented by certificate:
April,
July,
October.
in
January,
series
issued
New
Members
Members who
Holders
1,473
371
— are borrowers
of:
Unmatured shares
Matured share certificates
Paid-up share
1,407
.
certificates
75
50
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
1J^%; second term, lli%:
\H%;
1M%-
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
$2,854 each; average rate, 5.89%): 5%,,,?75,950;
117 share loans (average, 1254 each; average rate, 6%): 6%, $29,730.
2-54 reaZes(o(e/ocris (average,
Total Expenses for Year
Amount
paid for
.
Cost per $1,000 of assets
6%, $649,000.
third term,
P.D.
8,
137
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Personal accounts
.
Overs and shorts
.
Cash
....
$3,621,100
90,800
2,664
11,046
4,504
70
00
00
00
55
34
06
64
119 78
61,360 94
$3,791,666 31
19,
1926
P.D.
138
....
....
....
.....
....
Members
Members who
Forfeited during year
Holders
19,560
7,268
167
3,979
Matured during year
61,523
Shares in force
28,553
Shares now pledged
6,271
Matured shares represented by certificates
1,327
Paid-up shares represented by certificates
August,
NoFebruary,
May,
in
issued
series
New
.
.
.
Part III.
....
Withdrawn during year
Issued during year
8,
Membership
Shares
.
vember.
of:
5,469
1,651
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
4,824
916
213
certificates
Profits Distributed
Unmatured Shares
1M%;
First term,
second term,
1K%-
iy2%\ fourth term,
Matured Share
First term,
1%%;
IH%;
third term,
Certificates
second term,
1%%.
fourth term,
1M%;
1H%;
third term,
Paid-up Share Certificates
second term, 1H%', third term,
First term, 1}4%',
1M%;
1M%.
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
5i^%, $235,850;
1,415 real estate loans (average, S3,552 each; average rate, 6.41%):
$4,386,500.
rate,
average
6.50%)
$200;
each;
{average.
$257
6%,
63^%, $91,040.
355 share loans
4 loans on matured share certificates: 6H%. $3,300.
$1,800.
share
certificates:
paid-up
6}-^%,
1 loan on
6%,
$403,100;
6)4%.
:
Total Expenses for Year
Amount paid
Cost
$6,606.00
1.25
for
per $1,000 of assets
.
Other
Expenses
$1,733.10
$957.44
$4,971.05
Total
$14,267.59
.33
.18
.94
2.70
Rent
Salaries
Advertising
QUINCY — SHIPBUILDERS CO-OPERATIVE BANK
Room
(Other authorized location for receipt of moneys: Central Building,
Quincy)
Incorporated January 16, 1920.
H. Fred
Board
Began
Street,
Herbert A. Brecht, Treasurer
of Directors: J. F. Bruton*, J.
McCormick,
Hancock
business February 13, 1920
Lalley, President
F Foy* L D.
3,
Greene, R.
Campagna, Olaf Carlburg, D. Crowley, T.
M. Harmon, D. M. Holman, W. R.
Moorhead, W. H. Rideout*, H.
N. Millar, J. T.
Hurley, G.
I.
Sullivan,
J.
Donlin, L. D. Duncan, Jr.*,
Husband, H. F. Lalley, W. T.
J. Walsh, C. R. Young.
J.
W.
Regular meetings for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Cash
.....
.
.
.
OCTOBER
BUSINESS,
Liabilities
$269,150
12,770
500
8,920
00
00
00
54
Dues capital
Profits capital
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Security committee
Dividends on paid-up share
.
cates
Reserve for advertising
$291,340 54
.
8,
1926
P.D.
8,
Part III.
Shares
P.D.
140
8,
Part III.
......
—
Membership
Shares
15,085
8,413
Issued during year
Withdrawn during year
73
Forfeited during year
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
3,473
Matured during year
51,9in
Shares in force
22,880
Shares now pledged
5,155
Matured shares represented by certifipates
517
Paid-up shares represented by certificates
New series issued in January, April, July, October.
4,085
1,173
....
.
Paid-up share
.
.
3,577
701
...
.
certificates
.
.
82
Profits Distributed
Unmatured Shares
1J^%; second term, 1}^%;
1>2%; fourth term, 13^%.
First term,
Matured Share
First term,
1H%;
1%%;
Certificates
second term,
fourth term,
third term,
1%%;
third term,
154%.
Paid-up Share Certificates
second term, 1M%; third term,
First term, 1}4%',
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
25% on
series less
1M%-
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 6.42%): 5}^%, $181,750; 5M%, $4,000;
$218,800; 6M%, $13,800; 6K^%. $3,503,950; 6%%, $1,500; 7%, $200; 9%, $700.
rate,
average
6.50%): 5M%, *10; 6J-^%, $82,o6o; 7%, $oOO.
each;
$291
(average,
255 s^iareZoans
13 loans on matured share certificates: 6}4%, $3,340.
$1,000.
certificates:
share
paid-up
6M%,
1 loan on
9S6
real estate loans (average, $3,980 each;
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$263.19
Other
Expenses
$3,119.23
Total
$16,615.93
.06
.75
3.99
Salaries
Rent
Advertising
$11,895.92
2.86
$1,337.59
RANDOLPH — RANDOLPH CO-OPERATIVE BANK
Incorporated January 29, 1889.
Franklin
W. Hayden,
Began business February
7,
1889
Herman W.
President
French, Treasurer
Board of Directors: James Fardy*, T. A. Fardy, H. W. French, D. J. Hand, F W. Hayden*, AH. Holbrook.
H. F. Howard, J. T. Leahy, M. E. Leahy, F. D. McCarty, R. E. O'Brien*, A. C. TVilde.
Regular meetings for receipt of moneys the
first
Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Permanent expense account
Temporary expense account
Cash
7,
1926
Liabilities
Assets
$1,084,150 00
8,790 00
1,990 00
700 00
500 00
1,459 10
20,412 86
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
00
17
00
00
47
00
5,540 43
16,060 62
541 80
1 50
111 97
11,305 00
$1,118,001 96
$1,118,001 96
* Security
$454,399
80,385
480,800
58,800
56
10,000
Committee.
P.D.
8,
Part
III.
141
.....
Membership
Shares
Issued during year
Forfeited during year
2,906
1,013
16
Matured during year
844
Withdrawn 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.
Members
Members who
Holders
— are borrowers
of:
Unmatured shares
Matured share certificates
10,421
5,856
2,404
Paid-up share
294
1,145
.
475
.
875
334
47
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2^%;
2%%.
term,
Matured Share
Certificates
second term,
2^%-
Paid-up Share Certificates
First term, 2},i%; second term, 2f^%.
Proportion of profits retained on voluntary withdrawals,
none.
25% on
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 6%): 6%, $1,084,150.
$140 each; average rate, 6%); 6%, $8,790.
share
on
matured
certificates:
6%, $1,990.
4 loans
3 loans on paid-up share certificates: 6%, $700.
416
63
real estate loans (average, $2,606 each;
s/iare Zoans (average,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$3,704.78
3.31
$.392 99
$51,10
.35
.05
.
Other
Expenses
$1,548.16
1.38
Total
$5,697.03
5.09
READING — READING CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: New England Trust Company, Boston; Office
of C. S. Harriman & Co., No. Wilmington; Office of F. R. Batchelder, North Reading;
McLaughlin & Dennison, Wilmington)
Incorporated November 27, 1886.
Began
bvisiness
December
6,
1886
H. Raymond Johnson, Treasurer
Frank E. Crafts, President
Board of Directors: O. L. Akerley, F. R. Batchelder, P. M. Burgess, John Connelly, A. W. Coolidge, F. E.
Crafts, H. B. Currell*, J. L. Devaney, A. P. French, C. S. Harriman, E. N. Hunt*, Henry R. Johnson*.
H. Raymond Johnson, G. A. Parker, C. M. Spencer.
Regular meetings for receipt of moneys the Tuesday following the
first
Monday
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Cash
.
.
5,
192G
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
Insurance and taxes paid
Loans
Loans
Loans
Loans
month.
.
.....
$2,193,050
63,760
2,300
2,890
00
00
00
00
880 81
70,136 62
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
....
....
....
.
Guaranty fund
Surplus
Due on uncompleted loans
Personal accounts
Suspense
Dividends on matured share
.
cates
Dividends on paid-up share
cates
00
91
00
00
34
65
81
50
284 00
24 24
certifi-
6,264 98
certifi
5,750 00
$2,333,017 43
$2,333,017 43
* Security
$1,428,589
325,368
272,400
230,000
29
38,557
6,338
19,410
Committee.
P.D.
142
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
Members
Members who
6,912
3,724
111
1,161
28,798
14,410
1,362
1,150
Holders
of:
— are borrowers
2,501
830
....
.
Unmatured shares
Matured share certificates
Paid-up share
2,320
239
229
.
certificates
Profits Distributed
May, November.
series issued in
Part III.
......
Shares
Issued during year
Withdrawn during year
New
8,
Membership
Unmatured Shares
First term,
2J^%; second term, 2J^%.
Matured and Paid-up Share
First term, 23^2%; second term,
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Certificates
2H%.
than 5 years old; after 5 years,
Rates and Averages on Loans
$3,220 each; average rate, 6%): 6%, $2,193,050.
167 share loans (average, $406 each; average rate, 6%): 6%, $63,760.
share
certificates:
6%, $2,300.
6 loans on matured
6 loans on paid-up share certificates: 6%, $2,890.
estate loans (average,
681 real
Total Expenses for Year
Rent
Advertising
$5,735.60
$480.00
$520.15
2.46
.21
.22
Salaries
Amount paid for
Cost per $1,000 of assets
.
Other
Expenses
$2,429 64
1.04
.
Total
$9,165.29
3.93
REVERE — REVERE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Revere Trust Company, Revere)
Incorporated October
Nelson
S.
1,
1901.
Began business October
14,
1901
Willis G.
Burbank, President
Bond, Treasurer
of Directors: A. M. Bommer, W. G. Bond*, E. W. Brown, N. S. Burbank*, S. J. Clark, A. F. Cornell*,
J. Cornell, A. H. Curtis, Joseph De Napoli, T. F. Driscoll, C. F. Gallagher, G. A. Gove, W. E. Hancock,
J. M. Liset, F. P. Morse, I. P. Park, W. E. Parker, E. O. Parkhurst, F. E. Rowe, J. B.
Shurtleff, B. C. Taylor, Roscoe Walsworth.
Board
H
D. C. Landry,
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Unpaid interest
Unpaid fines
Permanent expense account
Cash
.
.
.
....
.....
13,
1926
P.D.
8,
Part III.
143
....
....
....
....
.....
....
......
Membership
Shares
Issued during year
Withdrawn during year
2,590
1,254
36
291
Matured during year
8,395
Shares in force
3,929
Shares now pledged
712
Matured shares represented by certificates
70
Paid-up shares represented by certificates
New series issued in February, May, August, November.
Forfeited during year
Members
Members who
Holders
of:
— are borrowers
869
285
....
.
Unmatured shares
Matured share certificates
Paid-up share
.
.
785
...
.
certificates
.
136
18
.
Profits Distributed
Unmatured Shares
lVi6%; second term, lVi6%;
lVi6%; fourth term, lVi6%.
First term,
First term,
third term,
Matured Share Certificates
second term, l%%; third term.
\%%;
iys%; fourth term, 15^%.
Paid-up Share
Certificates
First term,
1}4%; second term, 134%;
1K%;
1M%.
fourth term,
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.
third term,
15% on
series
Rates and Averages on Loans
$32 real estate loans (average, $2,603 each; average rate, 6.45%): 6%, $52,375; 6J^%, $551,615.
89 share loans (average, $246 each; average rate, 6.49%): 6%, $50; 6i^%, $21,850.
2 loans on matured share certificates: 63^%, $500.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,893.50
2.88
$635.23
$491.01
Other
Expenses
$636.08
.96
.75
.97
Total
$3,655.82
5.56
ROCKLAND — ROCKLAND CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Thomas Drew & Company, So. Hanover;
W. S. Curtis, Hanover; John F. Brooks, No. Hanover)
Incorporated February 21, 1911.
Francis J.
Board of Directors: F.
S. Alger, S.
9,
1911
J.
Higgins, Treasurer
W.
B. Estes, F. J. Geogan, C. J.
C. A. Townsend*, H. T. Wright.
J.
Began business March
Charles
Geogan, President
Baker*, L. E. Blanchard, J. D. Carney, E. S. Damon*, J. H. Dunn,
Higgins, Edward Hurley, M. W. Murrill, B. L. Stetson, J. E. Sullivan,
Regular meetings for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Cash
14,
1926
P.D.
144
8,
Part III.
Membership
Shares
1,958
1,075
31
151
12,098
5,041
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
ISIatured shares represented by certificates
New series issued in March, September.
Members
Members who
Holders
of:
1,219
— are borrowers
434
....
.
Unmatured shares
Matured share certificates
.
.
.
,
1,154
140
.
.
Profits Distributed
878
Unmatured Shares
First term,
3%; second
term,
3%.
Matured Share Certificates
First term, 2%%; second term, 2^%Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
from 5 to 7 years old; after 7 years, none.
10% on
series
Rates and Averages on Loans
393 real estate loans (average, $2,256 each; average rate, 6%): 6%, $886,425.
46 share loans (average, $400 each; average rate, 6%): 6%, $18,410.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
61,251.65
$423.78
$121.65
Other
Expenses
$783.52
.43
.12
.80
1.36
Total
$2,580.60
2.71
SALEM — ROGER CONANT CO-OPERATIVE BANK
Incorporated
Vincent
S.
November
9,
1894.
Began business November
13,
1894
Joshua B. Merrill, Treasurer
Peterson, President
,
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.
Board
Stanley, G. A. Wilkins*, E. F.
Woodman.
Regular meetings for receipt
of
moneys the second Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Cash
.
.
13,
1926
Liabilities
.
$2,087,740 00
46,536 00
2,625 00
600 00
.....
4,629 53
56,924 33
Dues capital
Profits capital
Matured share
Paid-up
....
....
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for
.
.
.
.
.
.
.
money borrowed
Due on uncompleted loans
264
34,834
40,052
20,000
15,235
.
.
.
Dividends on matured share
$1,164,586
231,533
480,000
204,000
10
00
00
IS
00
27
00
31
certifi-
6,000 00
cates
Dividends on paid-up share
certifi-
2,550 00
cates
$2,199,054 86
$2,199,054 86
....
....
....
....
.....
....
00
....
—
Membership
Shares
6,796
Issued during year
3,436
Withdrawn during year
52
Forfeited during year
1,053
year
Matured during
25,444
Shares in force
12,329
Shares now pledged
2,400
Matured shares represented by certificates
1,020
certificates
represented
by
shares
Paid-up
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
2,255
732
.
1,987
376
175
.
certificates
Profits Distributed
Unmatured Shares
1 Vi6%; second term, lVi6%;
lVi6%; fourth term, lVi6%.
First term,
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
* Security
25% on
Committee.
1}4%; second term,
fourth term,
series less
third term,
Certificates
1M%;
third term,
1M%.
than 4 years
old; after 4 years,
P.D.
8,
145
Part III.
Rates and Averages on Loans
595 real estate loans (average, $3,508 each; average rate, 6%): 6%, $2,087,740.
129 share loans (average, $360 each; average rate, 6%): 6%, $46,536.
7 loans on matured share certificates: 6%, $2,625.
2 loans on paid-up share certificates: 6%, $600.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$5,256.25
2.39
$1,656.75
.75
P.D.
146
Part III.
8,
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
Fletcher Clark, Treasurer
Jerome R. Holway, President
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.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure,
Banking house
....
...
$1,139,600 00
15,100 00
etc.
Permament expense account
Insurance and taxes paid
Cash
.
.
.
.
19,
1926
Liabilities
Assets
.
Dues capital
Profits capital
.
Matured share
610 00
6,672 83
22,784 20
Paid-up
1,810 15
129 43
69,788 05
Surplus
certificates
share certificates
...
Forfeited share account
Guaranty fund
.
.
Due on uncompleted
.
.
.
.
loans
Personal accounts
Dividends on matured share
.
cates
.
.
.
cates
.
.
.
certifi.
Dividends on paid-up share
,
certifi.
,
$1,256,494 66
....
—
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.
6,033
1,932
63
368
20,119
6,434
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
692
206
.
certificates
Profits Distributed
Unmatured Shares
second term, 3}4%-
First term,
3H%;
First term,
2J^%; second term,
Matured Share
Certificates
2%%.
Paid-up Share Certificates
First term, 2J^%; second term, 23^%.
$818,151
P.D.
8,
Part III.
147
SAUGUS — SAUGUS CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Town Hall, Saugus; Office of F. H. Griswold
Winter Street, East Saugus)
Incorporated March 31, 1911.
Thomas
May
Began business
10,
1911
Horace C. Ramsdell, Treasurer
P. Parsons, President
W
Board of Directors: J. B. Allen*, J. G. Bryer, H. W. Dyer, A. D. Hitchings, G. I. Hull, G. L. Little,
L C
Niles, K. L. Norris, H. A. Parker*, T. P. Parsons, H. A. B. Peckham, J. A. Raddin, H. C. Ramsdell'
C. H. Stocker*, John Walkey*, D. B. Willis*.
Regular meetings for receipt
of
moneys the second Wednesday
month.
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Bonds and notes
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Permanent expense account
Overs and shorts
Cash
13,
.....
....
Assets
1926
Liabilities
Dues capital
Profits capital
.S4,000 00
572,350 00
10,535 CO
1,300 00
1,381 75
639 17
13 30
28,531 20
Matured share
Paid-up
certificates
share certificates
.
....
Forfeited share account
Guaranty fund
Surplus
Bills payable for
.
.
.
.
money borrowed
Due on uncompleted
loans
.
Dividends on matured share
.
.
$346,461
60,540
141,000
38,200
50
4,569
'
58
20,000 00
.
1,870 00
.
certifi-
3,114 97
Dividends on paid-up share
cates
.
certifi-
.
.
.
955 00
.
$618,750 42
$618,750 42
....
—
Membership
Shares
Issued during year
Withdrawn during year
Forfeited dring year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
series issued in
31
00
00
00
1,989 56
cates
New
00
Members
Members who
2,279
1,327
3
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
487
8,078
3,147
705
191
of:
Paid-up share
First term,
2^4%; second term, 2§4%.
First term,
23^%; second term, 2J^%.
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
649
120
36
certificates
Profits Distributed
Unmatured Shares and Matured Share
May, November.
775
245
series less
Certificates
Certificates
than 2 years old; after 2 years,
Rates and Averages on Loans
$2,345 each; average rate, 6%): 6%, $572,350.
SI share loans {average, $339 each; average rate, 6%) 6%, $10,535.
2 loans on matured share certificates: 6%, $1,300.
244
'I'eal
estate loans (average,
:
Total Expenses for Year
Amount paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,000.00
1.62
$456.00
$100.25
.74
.16
Other
Expenses
$1,185.89
1.91
Total
$2,742.14
4.43
SHARON — SHARON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Citizens National
Street and 148 State Street, Boston)
Incorporated January 19, 1912.
John
J.
Bank
of Boston, 179
Summer
business February 12, 1912
Rafter, President
Archie L. Kingsbury, Treasurer
Board of Directors: W. B. Brigham, F. V. Brittain*, W. E. Clark, W. G. Darrow, G. A. Dennett, J. P. Eaton,
J. R. Gillespie*, George Hall*, C. N. Merrill, H. F. Nelson, R. L. Pollard, T. F. Quinn, J. J. Rafter, G. A.
Stetson, Rudolf Stolar, J. S. Stressenger, A. H. Urann, A. E. Wright.
Regular meetings for receipt of moneys the third
* Security
Committee.
Monday
of each
month.
P.D.
148
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
.
1926
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Permanent expense account
Temporary expense account
.
Part III.
8,
18,
.
Prepaid interest
Cash
$605,375
15,590
2,905
135
750
194
30,186
00
00
00
00
60
99
Dues capital
Profits capital
19
Surplus
$310,571
38,773
221,400
35,000
168
5,998
7,240
8,479
188
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Interest
Fines
Transfer fees
Withdrawal
333
4,000
22,905
77
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
$655,136 78
00
34
00
00
26
94
14
60
32
75
93
00
00
50
$655,136 78
....
....
....
.....
....
Membership
Shares
Members
Members who
3,756
Issued during year
1,883
Withdrawn during year
399
Matured during year
10,033
Shares in force
3,674
Shares now pledged
1,107
Matured shares represented by certificates
175
Paid-up shares represented by certificates
New series issued in February, May, August, No-
Holders
of:
— are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share
.
.
.
...
.
.
certificates
.
881
224
777
195
29
Profits Distributed
vember.
Unmatured Shares
First term,
1%%;
second term,
1J^%; fourth term,
Matured Share
First term,
1%%;
third term,
Certificates
second term,
iys%; fourth term,
\%%;
1M%.
1
l%%;
third term,
^^8%.
Paid-up Share Certificates
134%; second term, 1M%; third term,
fourth term, 1M%-
First term,
1M%;
25%
Proportion of profits retained on voluntary withdrawals,
none.
on
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
179 real estate loans (average, $3,381 each; average rate, 6.21%): 6%, $165,350; 6 Vio%, $440,025.
43 share loans {aversige, 299 e^ch; average rate, 6.28%) 6%, $900; 6 Vio%, $14,690.
6 loans onmatured share certificates: 6 Vio%, $2,905.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$1,632.50
2.49
$413.53
$60.68
Other
Expenses
$705.22
.09
l.OS
Advertising
Total
$2,811.93
4.29
SHIRLEY — SHIRLEY CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Residence of Walter G. Phelps, Littleton;
Office of HoUingsworth & Vose, West Groton; Room 8, Savings Bank Building, Ayer)
Incorporated December 27, 1907.
Began business January
1,
1908
Frederick H. Fowler, Treasurer
D. Chester Parsons, President
Board of Directors: A. L. Annis, G. W. Balch, G. F. Buxton, Michael Cotter, J. W. Desmond, John Esielionis,
F. "H. Fowler*, R. G. Hillman, E. N. Livermore*, H. H. Lynch, T. F. Mullen, D. C. Parsons, W. G. Phelps,
J.
T. Smith,
J.
M.
Stevenson*.
Regular meetings for receipt
of
moneys the second Wednesday
* Security
Committee.
of
each month.
P.D.
8,
Part III.
149
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
.
1926
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Temporary expense account
Other assets
Cash
.
13,
.
....
$172,880 00
4,735 00
1,250 00
308 14
90 24
3,863 14
Dues
capital
Profits capital
$106,903 00
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Interest
Fines
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
$183,126 52
....
—
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
731
428
21
2,794
Shares in force
1,091
Shares now pledged
1.39
Matured shares represented by certificates
81
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
.
certificates
Profits Distributed
Unmatured Share.
'i
First term,
1M%;
lii%; second term,
fourth term,
l%%;
Matured and Paid-up Share
l}4%; second term,
fourth term, 1}4%.
First term,
1M%;
third term,
1^%.
Certificates
1M%;
third term,
P.D.
150
8,
Part III.
Membership
Shares
4,431
1,344
10
12,001
4,615
Issued during year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
232
Paid-up shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who
Holders
of:
1,116
260
— are borrowers
Unmatured
shares
Paid-up share certificates
1,083
43
Profits Distributed
Unmatured Shares
lVi6%; second term, lVi6%;
lVi6%; fourth term, 1 Vi6%.
First term,
Paid-up Share
third term,
Certificates
1}4%; second term,
l}i%; fourth term, 1M%-
First term,
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, 20% on series less than 6 years old; 15% on aeries
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
162
real estate loans (average, $4,234 each;
$374 300
98 share loans (average,
.$496 each;
average rate, 6.26%):
oH%,
$17,350;
6M%,
average rate, 6.36%); 6%, $12,750;
6%,
$294,450;
6}^%,
$35,930.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
Salaries
Rent
$3,099 22
$721 23
.
.
.
Advertising
$360.00
3.94
Other
Expenses
Total
$1,531.59
1.94
85,712.04
7.24
SOMERVILLE — SOMERVILLE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Atlantic National Bank, 41 Bedford Street,
Boston)
Incorporated
J.
May
4,
1880.
Began business June
7,
1880
Daniel
Frank Wellington, President
S.
Farnum, Treasurer
Etta F. Smith, Assistant Treasurer
W. Blake, E. P. Carr, O. W. Codding, L. M. Conwell, D. S. Farnum^
I. Horton, Thomas Miller, L. A. Penney*, J. S. Pike, S. T. Richards, C. A. Slager*, F. W. K. Smith,
B. Walker*, J. M. Webster, J. F. Wellington, H. E. Wemyss, B. T. Williston.
Board of Directors: E. A. Binney*, A.
C.
I.
Regular meetings for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
4,
1926
P.D.
151
Part III,
8,
Rates and Averages on Loans
7^4 real estate loans (average, $2,522 each; average rate, 5.91%); 5%, $147,300; 5J^%, $9,900; 6%,
rate, 5.97%): 5%, $1,480; 6%, $62,280.
,668,950.
S49 share loans (average, $256 each; average
Total Expenses for Year
55,738.50
$1,179.56
$340.00
Other
Expenses
$1,521.82
8,779.88
2.91
.60
.17
.77
4.45
Rent
Salaries
Amount paid for
Cost per $1,000 of assets
.
Advertising
SOMERVILLE — WEST SOMERVILLE CO-OPERATIVE BANK
Total
i
(Other authorized locations for receipt of moneys: 1136 Broadway, Teele Square, Somerville;
157 Boston Avenue, Ball Square, Somerville; 310 Broadway, Somerville)
Began business December
Incorporated November 29, 1890.
11,
1890
Winsor L. Snow, Treasurer
Fred F. Stockwell, President
Annie M. Duran, Assistant Treasurer
Board of Directors Z. E. Cliff, 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, C. H. Liverpool, 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*,
F. F. Stockwell, J. F. Terry, G. E. Wardrobe.
:
Regular meetings for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Temporary expense account
Insurance and taxes paid
.
.
Cash
1926
18,
Liabilities
$2,763,700
84,430
5,870
2,310
25,203
2,195
.
.....
Dues capital
Profits capital
00
00
00
00
73
00
44
00
00
486 35
$1,751,289
352,539
459,800
286,600
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
11
.
13,176
28,681
14,694
25,137
.
Guaranty fund
99 10
58,800 07
Surplus
Interest
Fines
Transfer fees
425
4
1.000
7,180
Withdrawal profits
Due on unconapleted loans
Security committee
Building income account
90
1,502
$2,942,608 01
....
....
.....
.
.
.
.
Forfeited during year
.
.
.
.
Matured during year
Shares in force
Shares now pledged
.
.
Matured shares represented by
Paid-up shares represented by
New
series issued in
.
.
certificates
certificates
90
46
38
33
50
82
00
00
82
$2,942,608 01
Membership
Shares
Issued during year
Withdrawn during year
01
.
Members
Members who
10,815
5,819
28
1,826
38,171
16,706
2,299
1,433
.
Holders
of:
—
.
.
are borrowers
.
.
.
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
certificates
3,081
776
2,975
362
269
Profits Distributed
March, June, September, De-
Unmatured Shares
lVi6%; second term, lVi6%; third term,
fourth
term, lVi6%.
lVi6%;
cember.
First term,
Matured and Paid-up Share
First term,
1H%;
lj4%; second term,
fourth term,
1M%.
Certificates
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, one-sixth.
Rates and Averages on Loans
625
real estate loans (average, $4,4:21 each; average rate,
6.06%): 5%, $1,500; 5}i%, $141,900; 6%, $2,080,950;
6yi%, $539,350.
343 share loa?is (average, $246 each; average rate, 6%)
17 loans on matured share certificates: 6%, $5,870.
7 loans on paid-up share certificates: 6%, $2,310.
:
6%,
$84,430.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000
.
of assets
P.D.
152
8,
Part III.
SOMERVILLE — WINTER HILL CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 1164 Broadway, West Somerville; Hisfhland
Trust Company, Union Square, Somerville)
/
Incorporated
George
S.
May
8,
1906.
Began business June
13,
1906
Ray R.
Lovejoy, President
Rideout, Treasurer
Harriett A. Osborne, Assistant Treasurer
J. B. Adams, J. M. Andrews*, G. G. Brayley*, J. A. Breen, J. L. Carter, L. B. Chandler*,
A. L. Durgin, B. F. Freeman, H. E. Frost, H. B. Gerrish, C. C. Grimmons, Thomas Gullion, J. A. Kiley,
R. M. Lavendar, W. F. Lewis, G. S. Lovejoy, A. W. Morrill, C. N. Page, N. P. Reed, S. M. Rich, R. R.
Rideout*, A. E. Sargent, C. L. Shea*, T. J. Shea.
Board of Directors:
Regular meetings for receipt of moneys the second Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Permanent expense account
Temporary expense account
Insurance and taxes paid
Personal accounts
Discount
Cash
....
.
13,
1926
P.D.
8,
Part III.
153
SOUTHBRIDGE — SOUTHBRIDGE
Incorporated
March
S,
CO-OPERATIVE BANK
Began business
1910.
April 7, 1910
Edward D.
Felix Gatineau, President
Desrosier, Treasurer
Ernest A. Desrosier, Assistant Treasurer
Bail*, J. L. Berthiaume, F. A. Bouvier, A. L. Desaulnier*, E. D. Desrosier*, Antoine
Duplessis, J. C. Gabree*, F. A. Gatineau, Ronaldo Guilmette, J. V. Laughnane, David Lenti, Joseph
Metras, H. B. Montague, Elzebert Ouellette, A. J. Peloquin, H. J. Tetreault.
Board of Directors: H. U.
Regular meetings for receipt of moneys the
first
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Cash
1926
7,
....
Assets
Liabilities
Dues capital
Profits capital
$762,225 00
38,040 00
1,160 00
900 00
88 61
21,261 70
00
65
00
00
15 00
$450,686
84,503
166,000
78,400
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
9, .542
Surplus
3,371 05
4.102 68
Interest
Fines
Transfer fees
52
73 65
75
Withdrawal
profits
Bills payable for monej'
Due on uncompleted
59
20,000
6,900
21
borrowed
loans
Security committee
$823,G75 31
01
00
00
00
$823,675 31
......
Membership
Shares
Issued during year
3, .342
Withdrawn
1,658
dvu'ing year
Forfeited during year
11
Matured during year
338
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
333
Unmatured shares
Matured share certificates
979
173
78
Holders
11,774
5,207
1,071
are borrowers
....
of:
Paid-up share
830
392
.
certificates
Profits Distributed
Unmatured Shares
First 'term,
3%; second
term,
3%.
Matured and Paid-u-p Share
First term,
Certificates
2}4%; second term, 2}|%.
Proportion of profits retained on voluntary 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
2SS
S5
real estate loans (average, $3,271 each;
average rate, 6%): 6%. $762,225.
s/jare Zoare.5 (average, $400 each; average rate. 6%)
6%, $38,040.
4 loans on matured share certificates: 6%, $1,160.
1 loan on paid-up share certificates: 6%, $900.
:
Total Expenses for Year
Rent
Salaries
.4mount paid for
Cost per $1,000 of assets
.
SPRINGFIELD
$1,393.28
1.69
— HAMPDEN
Incorporated July 21, 1919.
Henry W. Lloyd,
Other
Expenses
$675.87
Advertising
$323.64
.39
.82
Total
$2,392.79
2.90
CO-OPERATIVE BANK
Began business September
President
3,
1919
Harry R. King, Treasurer
Board of Directors: Frank Auchter, H. A. Bellows*, E. E. Bohner, B. L. Bragg, Jr., R. S. Clark, A. E. Emerson,
L. P. Fletcher, T. R. Geisel, J. R. Hunt, H. R. King*, H. W. Llovd*, G. E. Maver, T. K. McAllister,
E. L. McCracken, T. E. Morris, E. S. Munson, W. K. Tuohey, W. J. Wilson.
Regular meetings for receipt of moneys the
* Securitj-
first
Wednesday
Committee.
of
each month.
154
P.D.
8,
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
6,
1926
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Temporary expense account
Cash
.
1
P.D.
8,
Part III.
155
Shares
156
P.D.
Part III.
8,
STONEHAM — STONEHAM CO-OPERATIVE BANK
Incorporated January 10, 1887.
Charles
J.
Began business February
1,
Emerson, President
1887
Frank
J.
Howell, Treasurer
Board of Directors: Charles Baldwin*, G. R. Barnstead, F. H. Berry, C. F. Buck, Andrew Christensen, E. L.
Clark, C. J. Emerson*, S. H. Green*, B. J. Hinds, C. W. Houghton, F. J. Howell, O. W. Richardson,
W. O. Richardson, W. H. White, E. L. Young.
Regular meetings for receipt
of
moneys the second Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
I^oans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
LTnpaid fines
13,
1926
Liabilities
$1,367,200 00
00
00
1,910 00
4,261 07
.565 95
690 81
3.3,3.55
4,7.50
....
.....
Permanent expense account
Cash
54,735 51
Dues capital
Profits capital
.
.
.
.
.
.
.
.
,
$670,5.59
Matured share
Paid-up
certificates
share certificates
...
Forfeited share account
Guaranty fund
Surplus
.
.
.
.
.
Due on uncompleted
,
loans
Security committee
Dividends on matured share
cates
cates
Other
certifi-
....
.
.
.
.
Dividends on paid-up share
.
certifi-
liabilities
$1,467,468 34
Forfeited during year
4,519
2,770
27
Matured during year
447
Withdrawn during year
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented hy certificates
New
series issued in
May, November.
....
—
Membership
Shares
Issued during year
16,843
8,289
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
certificates
2,3.58
696
Profits Distributed
Unmatured Shares and Matured Share
First term,
2^8%;
First term,
2}^%: second term, 23^%.
sfecond term,
Paid-up Share
2]4%.
Certificates
Certificates
P.D.
8,
157
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Permanent expense account
Cash
.....
...
...
.....
....
00
00
00
03
00
31
Dues
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Due on uncompleted
cates
loans
cates
$1,119.845 34
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
May, November.
2,623
1,450
10
328
12,534
5,922
1,127
544
certifi-
....
Dividends on paid-up share
series issued in
1926
Liabilities
$1,037,755
18,855
1,700
1,583
160
59,792
Dividends on matured share
New
9,
certifi-
$617,298
P.D.
158
Shares
8,
Part III.
P.D.
8,
159
Part III.
TAUNTON — MECHANICS' CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 3 Taylor Building)
Incorporated September 14, 1877.
Began business September
17,
1877
Arthur R. Knox, Treasurer
Herbert O. Woolley, President
Board of Directors: J. B. Ayers, F. W. Boynton, F. G. Burt, H. H. Culver, N. A. Cushman*, P. F. Francis,
J. M. Hardy,* A. H. Knowles, A. R. Knox, F. R. Knox*, W. A. Rayment, L. J. Schmidt, W. L. Tidd,
J. S. Williams, H. O. Woolley.
Regular meetings for receipt of moneys the Wednesday after the
first
Monday
after the fifteenth of each
mionth.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
20,
1926
P.D.
160
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
....
Part III.
8,
11,
1926
Liabilities
$98,850
7,800
173
11,172
00
00
Dues
01
15
Forfeited share account
$96,923 00
16,420 59
1,757 09
906 56
743 14
1,202 12
25 64
capital
Profits capital
.
Guaranty fund
Surplus
Interest
Fines
Withdrawal
17 02
profits
$117,995 16
$117,995 16
....
—
Membership
....
....
....
.....
....
Shares
Members
Members who
600
Issued during year
557
Withdrawn during year
87
Forfeited during year
2,078
Shares in force
833
Shares now pledged
New series issued in March, June, September, December.
Holders
of:
145
45
are borrowers
Unmatured shares
Profits Distributed
Unmatured Shares
First term,
5/i6%; second term, 15/16%; third term,
1
lVi«%: fourth term, lVi6%Proportion of profits retained on voluntary withdrawals,
none.
25% on
than 2 years old; after 2 years,
series less
Rates and Averag^es on Loans
$3,409 each; average rate, 6%): 6%, $98,850.
16 share loans (RveTage, $i87 each; average rate, 6%) 6%, $7,800.
S9
real estate loans (average,
:
Total Expenses for Year
Rent
Salaries
Amount
$220.00
$400 00
3.35
paid for
Cost per $1,000 of assets
.
Advertising
.
Other
Expenses
$141.44
1.20
Total
$761.44
6.41
TAUNTON — TAUNTON CO-OPERATIVE BANK
Incorporated
March
Began business March
6, 1880.
17,
of Directors: Thomas Baker*,
F. E. Goff, Theron Gorham, H.
A. R. White, L. M. Witherell.
Board
1880
Albert C. Francis, Treasurer
Frederick E. Go£f, President
H. Church, T. W. Dean*, A. C. Francis, J. P. Galligan,
W. Hayman, H. N. Hopkins*, G. W. King, B. C. Pierce,
J. F. Barden, H.
S. Hastings, F.
Regular meetings for receipt of moneys the
first
Tuesday
after the fifteenth of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share
Unpaid interest
Unpaid fines
Cash
certificates
....
.....
....
....
....
20,
1926
Liabilities
Assets
$2,356,850
44,550
4,450
5,700
537
40,399
00
00
00
02
70
93
Dues capital
Profits capital
Matured share certificates
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
$1,326,618
248,690
787,400
29,354
18.943
10,000
8,435
00
65
00
43
57
00
00
certifi
23,046 00
$2,452,487 65
....
—
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.
7, .595
Meml^ers
5,131
INIembers who are borrowers
Holders of:
LTnmatured shares
47
458
31,156
14,083
3,937
Matured share
certificates
.
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
3%; second
term,
3%.
Certificates
P.D.
8,
Part III.
161
Rates and Averages on Loans
,105 each; average rate, 5.94%): 5Vio%, $115,100; 5}4%,
769 real estate loans (average,
$2 123 450
107 share loans' (aveTa.ge, $416 each; average rate, 5.99%): 53^%, $200; 6%, $44,350.
9 loans on matured share certificates: 6%, $4,450.
118,300;
6%,
Total Expenses for Year
Salaries
Amount paid
for
$6,815.52
2.77
.
Cost per $1,000 of assets
Rent
$595.96
Advertising
Other
Expenses
$104.20
$1,097.51
(8,613.19
.04
.45
3.50
Total
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,
1884
Kenneth E. Leonard, Treasurer
Arthur C. Staples, President
Board of Directors: H. D. Atwell, 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 BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
$1,561,700
22,500
5,550
250
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Security committee
Suspense
Cash
7,8.30
1,801
524
46
....
.....
2
11,914
00
00
00
00
82
88
70
96
00
83
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Bills payable for
money borrowed
Due on uncompleted loans
$1,612,121 19
....
....
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
5,235
3,149
54
659
17,781
8,806
2,839
204
$755,323
134,412
567,800
40,800
25,374
16,374
26,326
307
2
35,000
10,400
00
83
00
00
71
64
23
03
75
00
00
$1,612,121 19
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
P.aid-up shares represented by certificates
New series issued in January, July.
.
16, 1926
Liabilities
162
P.D.
TISBURY — MARTHA'S
Part III.
8,
VINEYARD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys; Edgartown National Bank, Edgartown, and
office of Eben D. Bodfish, Oak Bluffs)
Incorporated April 22, 1909.
Henry
Began business
May
14,
1909
Roy W. Norton,
L. Peakes, President
Treasurer
Board of Directors: E. D. BodSsh, L. E. Briggs, C. J. Darling, A. O. Fischer, A. B. Hillman, H. N. Hinckley,
S. C. Luce, Jr., W. G. Manter*, O. S. Mayhew, U. E. Mayhew*, Archie Mellen*, R. W. Norton, H. L.
Peakes, L. W. Renear, G. L. Smith.
Regular meetings for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
...
Loans on real estate
Loans on shares
Loans on matured share
Cash
.....
certificates
13,
....
Assets
1926
Liabilities
$352,125 00
2,426 00
400 00
17,986 43
Dues capital
Profits capital
$205,608
42,527
76,200
28,400
Matured share
Paid-up
Guaranty fund
Surplus
Security committee
.
.
.
.
Dividends on matured share
cates
.
.
.
,
11,741 IS
14 73
.
2,095 50
certifi
710 00
$372,937 43
1,104
401
366
4,189
Shares in force
Shares now pledged
Matured shares represented by certificates
Paid-up shares represented by certificates
New
series issued in
May, November.
....
—
Membership
Shares
Issued during year
Withdrawn during year
Matured during year
1,890
381
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
.
certificates
142
Profits Distributed
Unmatured Shares and Matured Share
First term,
2^4%; second term, 2^4%.
First term,
2}4%; second term, 2,^%.
Paid-up Share
58
certifi
....
.
Dividends on paid-up share
cates
00
00
00
5,640 44
certificates
share certificates
Certificates
Certificates
P.D.
8,
Part III.
163
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1,144,100 00
Loans on real estate
Loans on shares
Unpaid interest
Unpaid fines
Taxes paid
Cash
33,400
1,936
251
23
12,907
.
00
OS
70
23
47
Dues capital
Profits capital
00
26
00
55
80
63
10,346 24
$884,779
173,650
72,800
180
26,855
24,006
.
Matured share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
loans
$1,192,618 48
$1,192,618 48
3,050
1,801
7
591
16,121
6,683
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
series issued in
....
—
Membership
Shares
Issued during year
New
1926
2,
Liabilities
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
1,573
542
.
1,531
80
.
Profits Distributed
364
May, November.
Unmatured Shares and Matured Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
Certificates
2}4%; second term, 2}4%.
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
473 reaZes^aieZoores (average, $2,419 each; average rate, 5.40%): 5%, $218,700; 53^^%, $925,400.
120 share loans (average, $278 each; average rate, 5.48%): 5%, $1,100; 53^%, $32,300.
Total Expenses for Year
Rent
Advertising
$60.00
$394.00
Salaries
Amount
53,175.00
paid for
Cost per $1,000 of assets
.
2.66
.33
Other
Expenses
$1,615.78
1.36
Total
$5,244 78
.
4.40
WALPOLE — WALPOLE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Multibestos Company, Walpole; Bird and
Son, Inc., East Walpole)
Incorporated June 11, 1912.
Began business June
14,
Harry A. Whiting, President
1912
Otis
J.
A. Dionne, Treasurer
W. Bunker, H. W. Caldwell, T. M. Connell,
J. A. Dionne, W. E. Everett, O. J. Fisher, C. B. Gove*, C. E. Hartshorn, W. H. Maguire*, N. L.
McCully*, P. A. Moore, B. D. Rogers, A. W. Smith, H. E. Towne, H. A. Whiting.
Board of Directors: C. E. Barrett, H. M. Bonnev, R. K. Bullard, C.
O.
Regular meetings for receipt
of
moneys the second Friday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Cash
.
.
.
.
8,
1926
Liabilities
.
$446,350 00
6,790 00
256 88
1,120 43
Duos capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Interest
profits
payable for money borrowed
$454,517 31
* Security Committee.
01
00
00
33
77 66
Fines
Bills
00
3,394 76
4,656 40
Surplus
Withdrawal
$227,848
40,450
130,600
32,600
4,793
97 15
10,000 00
$454,517 31
P.D.
164
Issued during year
....
....
....
.....
....
Part III.
8,
....
Membership
Shares
1,346
758
299
Withdrawn during year
Matured during year
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
5,736
Shares in force
2,492
Shares now pledged
653
Matured shares represented by certificates
163
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Paid-up share
515
183
.
463
69
25
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1
1%%]
Certificates
second term, 1?^%; third term,
ys%; fourth term,
1
%%.
Paid-up Share Certificates
l}i%; second term, 1M%; third term.
fourth term, 1M%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none;
25%
on
than 5 years old; after 5 years,
series less
Rates and Averages on Loans
153 real estate loans (average, S2,917 each; average rate, 6%): 6%, $446,350.
30 share loans (average, $226 each; average rate, 6%): 6%, $6,790.
Total Expenses for Year
Amount
paid for
Cost per $1,000
Salaries
Rent
$490 00
1.08
$199.69
.
.
of assets
Other
Expenses
$287.79
Advertising
IS 50
.
.02
.44
.63
Total
$985.98
2.17
WALTHAM — WALTHAM CO-OPERATIVE BANK
Incorporated October 13, 1880.
Edward
Began business October
20, 1880
Earl F. Caswell, Treasurer
P. Smith, President
Board of Directors: H. A. Bacon, W. P. Bartel, A. S. Batchelder, G. M. Bates, F. H. Bent, John Berrio, E. H.
Bull*, E. F. Caswell, J. E. Cobb, T. I. Curtin, C. W. Durgin, G. A. Fiel, E. L. Folsom, C. F. French,
W. N. Fuller, F. P. Havens, W. E. Peterson, E. P. Smith*-, J. L. Totten*.
Regular meetings for receipt
of
moneys the
Thursday
last
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Permanent expense account
Insurance and taxes paid
Cash
.
....
28,
1926
Liabilities
Assets
$6,388,175
102,260
15,050
6,865
2,329
11,771
50
17,217
1,269
26,900
00
00
00
00
75
68
00
25
42
Dues capital
Profits capital
10
Dividends on matured share
.
.
.
.
.
.
.
,
$3,102,147
,
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for
.
.
.
.
.
.
,
.
money borrowed
Due on uncompleted
cates
.
.
loans
certifi-
....
.
.
.
Dividends on paid-up share
.
_
,
certifi-
cates
Fire insurance
$6,571,888 20
....
—
Membership
Shares
Issued during year
26,478
Withdrawn during year
17,456
Matured during year
2,003
Shares in force
73,852
Shares now pledged
33,801
Matured shares represented by certificates
9,130
Paid-up shares represented by certificates
3,232
New series issued in January, April, July, October.
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
.
certificates
Profits Distributed
Unmatured Shares
First term, 1
Vi6%
;
second term,
1
Vi6%
lVi6%; fourth term, 1>^%.
Matured and Paid-up Share
First term,
1M%;
1M%;
second term,
fourth term,
1M%.
Certificates
1M%;
third term,
P.D.
8,
Part III.
165
Rates and Averages on Loans
2,H6
real estate loans (average, $2,977 each; average rate,
5:27 .sAare tonras (average, $194 each; average rate, 6%)
:
6%): 5%, S2,200; 6%, $6,385,975
6%,
$102,260.
38 loans on matured share certificates: 6%, $15,050.
20 loans on paid-up share certificates: 6%, $6,865.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$17,993.25
2.74
$2,656.93
$2,207.05
.40
.33
Other
Expenses
511,549.30
1.76
Total
$34,406.53
5.23
WALTHAM — WATCH CITY CO-OPERATIVE BANK
Incorporated March 25, 1914.
Anthony
J.
Began business April
Doherty, President
6,
1914
Leonard
J.
Rooney, Treasurer
Board of Directors: C. H. Clark, M. P.
E
Collins*, Clarence Cormier, T. E. Deehan, A. J. Doherty,
F Flannery*; T. J. Flannery, P. L. Flynn, Philip Hanagan. ,T. J. Harold, F. J. Kelly, E. O. Maxwell, J. A McCarthy, J. P. Morrissey*, C. L. Reade, L. J. Rooney, W. E. Sawyer*, Lillian Shanley, B. W. Stanley,
T. A. Tracey*.
Regular meetings for receipt of moneys the
last
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
Assets
Liabilities
Dues capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Interest
Fines
....
.....
Withdrawal
Bills
profits
payable for money borrowed
Security committee
....
Dividends on matured share
cates
certifi
28,
1926
P.D.
166
8,
Part III.
WARE — WARE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Office of T. D. Potter
Lumber Company,
Bondsville)
Incorporated
J.
H.
Jolliffe,
March
23, 1920.
Began
1920
bu-siness April 10,
Flynn R. Person, Treasurer
President
Board of Directors: Cyrille Ballard, E. J. Brannigan*, B. W. Buckley*, L. B. Campbell, L. H. Cummings*,
W. N. Howard, J. H. Jolliffe, A. F. McBrinn, L. H. Moore, W. N. Newcomb, F. R. Person, J. H. Schoonmaker*, H.W. Sibley*, B. W. Southworth, L. E. St. Onge, D. L. Washburn, J. G. West, C. B. Wetherby,
C. E. Williams, A. H. Wilson.
Regular meetings for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Temporary expense account
.
Cash
.
8,
.
.....
$433,270 00
17,573 00
1,000 00
120 52
7,911 70
Dues
capital
Profits capital
S345,162
46,730
45,000
644
.
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
3,737
8,382
2,164
32
32
7,000
Surplus
Interest
Fines
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
....
....
....
.....
....
....
—
Membership
Members
Members who
Holders
of:
are borrowers
Proportion of profits retained on voluntary withdrawals,
none.
second term,
fourth term,
20% on
series less
Rates and Averages on Loans
Total Expenses for Year
Rent
1M%.
1M%;
Certificates
third term,
than 4 years old; after 4
144 real estate loans (average, $3,008 each; average rate, 6%): 6%, $433,270.
66 share loans (average, $313 each; average rate, 6%): 6%, $17,573.
1 loan on paid-up share certificates: 6%, $1,000.
Cost per $1,000 of assets
792
53
certificates
Profits Distributed
Unmatured Shares and Paid-up Share
1M%;
Salaries
817
200
.
Unmatured shares
Paid-up share
First term, 1}4%',
.
67
00
87
57
89
56
41
80
00
$459,875 22
Shares
1,125
Issued during year
882
Withdrawn during year
10
Forfeited during year
7,699
Shares in force
2,882
Shares now pledged
225
Paid-up shares represented by certificates
New series issued in January, April, July, October.
paid for
00
987 45
$459,875 22
Amount
1926
Liabilities
P.D.
8,
Part III.
167
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 1926
P.D.
168
....
....
....
.....
....
Part III.
....
—
Membership
Shares
58,187
29,637
11,595
125,273
Shares in force
57,136
Shares now pledged
12,003
Matured shares represented by certificates
5,287
Paid-up shares represented by certificates
New series issued in March, June, September, December.
Issued during year
8,
Withdrawn during year
Matured during year
Members
Members who
are borrowers
.
9,068
2,610
Unmatured shares
Matured share certificates
.
8,127
1,901
Holders
of:
Paid-up share
948
certificates
Profits Distributed
Unmatured Shares
First term, l'/i6%; second term, 1^/16%; third term,
V/u%;
fourth term, lVi6%.
Matured and Paid-up Share
1M%;
First term,
Certificates
1M%;
second term,
third term,
13^%; fourth term, 1}^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
2,197 real estate loans (average, S4,645 each; average rate, 6%): 6%, 810,206,450.
629 share loans (average, S237 each; average rate, 6%): 6%, $149,200.
43 loa?is on matured share certificates: 6%, $15,790.
22 loans on paid-up share certificates: 6%, $5,740.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Rent
Advertising
)26,047.41
6,343.79
2.44
.59
$4,754 62
.44
.
Other
Expenses
$8,797.23
.82
Total
$45,943.05
4.29
WEBSTER — WEBSTER CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: W. C. Lewis, Southbridge)
Incorporated August
2,
1889.
Began business August
8,
1889
James P. Bergin, Treasurer
George F. Hart, President
Board
P. Bergin*, James Brennan, F. E. Cassidy, H. J. Clarke, J. W. Dobbie, G. F. Hart*,
King, August Kisro, W. C. Klebart, C. W. Kosmaler, J. P. Love*, Henry Merrett, James McGeary,
of Directors:
J.
W. H.
H.B.' Montague, C. M. Nash, A. N. Racicot, H. H. Sternberg, Alexander Wylie.
Regular meetings for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Banking house
Temporary expense account
Overs and shorts
Cash
....
14, 1926
Liabilities
Assets
$1,109,055
23,525
6,200
1,133
00
00
00
Dues capital
Profits capital
91
Paid-up share
40
Forfeited share account
16,356 18
.
Matured share
certificates
certificates
.
Guaranty fund
Surplus
Interest
Premiums
Fines
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Bills
$1,156,270 49
Membership
Shares
Issued during year
Withdrawn during year
Matured dvuing year
Shares in force
Shares now pledged
Alatured shares represented by certificates
Paid-up shares represented by certificates
New series issued in February, August.
2,674
1,392
406
15,170
6,344
585
529
Members
Members who are borrowers
Holders
of:
—
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term, 2 J^%; second term,
Certificates
2J^%.
P.D.
8,
Part III.
169
Rates and Averages on Loans
estate Zoans (average, $3,159 each; average rate, 6.3%)
6Vio%, $1,109,055.
share loans (average, $280 each; average rate, 6.3%): 6^/10%, $23,525.
S51 reaZ
84.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$3,000.00
2.59
$431.26
$118.00
$1,138.64
Total
4,687.90
.37
.10
.99
4.05
Advertising
WELLESLEY — V/ELLESLEY CO-OPERATIVE BANK
Incorporated January 24, 1911.
Began business January
25, 1911
George N. Smith, President
Orrin E. Stevens, Treasurer
Board of Directors: H. P. Bell*, F. T. Donlon, P. J. Fitzpatriok, B. W. Guernsey, E. T. Madden*, G. M. Nay,
H. L. Peabody, T. R. Pierce, G. N. Smith*, H. P. Smith*, Isaac Sprague, Jr., M. C. Spring, O. E. Stevens*,
G. A. Sweetser.
Regular meetings
for receipt of
moneys the second Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 192G
Liabilities
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
$2,972,975 GO
41,685 00
8,685 00
1,150 GO
2,660 71
.....
151 91
64,224 91
Dues capital
Profits capital
$1,578,667
302,543
858,600
196,800
3,237
28,173
13,331
38,106
.
Matured share
certificates
share certificates
Paid-up
Surplus
Interest
Fines
loans
$3,091,532 53
....
....
....
....
.....
$3,091,532 53
Membership
Shares
Issued during year
13,228
Withdrawn during year
7,174
Forfeited during year
20
Matured during year
1,621
Shares in force
39,461
Shares now pledged
^.
16,339
Matured shares represented by certificates
4,293
Paid-up shares represented by certificates
984
New series issued in February, May, August, No.
.
.
vember.
Members
Members who
Holders
of:
— are borrowers
....
.
.
.
.
.
.
612
Paid-up share
.
.
.
161
certificates
Unmatured Shares
First term,
1J^%; second term, l}i%;
1M%;
1M%-
fourth term,
Matured Share Certificates
1^%; second term, lYsvo;
fourth term, 1^%.
Paid-up Share
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
641 real estate loans (average, $4,638 each; average rate, 6.50%): 6J^%, $2,972,975.
1S2 share loans (average, $342 each; average rate, 6. .50%); 6M%, $41,685.
11 loans on matured share certificates: 6J4%, $8,685.
4 loans on paid-up share certificates: 6K%, $1,150.<
Total Expenses for Year
Salaries
third term,
third term,
Certificates
1J4%; second term,
1J€%; fourth term, 134%.
First term,
.
2,370
profits Distributed
1^%;
paid for
Cost per $1,000 of assets
2,868
731
Unmatured shares
Matured share certificates
First term,
Amount
19
28
48
32
04
1,101 36
70,972 86
Forfeited share account
Guaranty fund
Due on uncompleted
00
00
00
1M%;
third term,
P.D.
170
8,
Part III.
WESTFIELD — WESTFIELD CO-OPERATIVE BANK
Incorporated December 13, 1881.
George E. Shepard,
Began business December
19,
1881
James H. Clark, Treasurer
President
Jr.,
Board of Directors: R. T. Carrier, J. H. Clark*, C. H. Cooley, Jr., T. J. Coolev, H. S. Eaton, R. M. Fletcher,
F. N. Gibbons, H. W. Kittredge, J. O. McKean, H. S. Miller, 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
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
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
Insurance and taxes paid
Personal accounts
.
Overs and shorts
....
Certificate of deposit
Cash
1926
18,
Liabilities
$2,061,050
56,525
9,535
2,855
63,266
11,541
10,083
4.744
i;816
126
66
30,000
16,114
Dues
00
00
00
00
07
25
00
83
00
00
928 90
42,647 69
capital
Profits capital
$1,139,563
193,417
584,400
201,600
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
27
Surplus
85
46
00
80
00
Interest
36,034 71
55,147 41
1,262 85
392 89
10,325 00
2,003 55
Fines
Withdrawal profits
Due on uncompleted loans
Building income account
13
$2,267,723 83
$2,267.723 83
......
—
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 June, December.
6,868
3,854
84
1,342
25,588
12,478
2,922
1,008
Members
Members who
Holders
of:
are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share
2,110
906
.
1,977
.
466
167
certificates
Profits Distributed
Unmatured Shares
First term,
2%%;
second term, 2J-s%-
Matured and Paid-up Share
First term,
Certificates
23^%; second term, 2}4%.
Proportion of profits retained on voluntary withdrawals,
25%
of last dividend.
Rates and Averages on Loans
755 real estate loans (average, $2,730 each; average rate, 6%): 6%, $2,061,050.
153 share loans (average, $369 each: average rate, 6%): 6%, $56,525.
SI loans on matured share certificates: 6%, $9, .535.
19 loans on paid-up share certificates: 6%, $2,855.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$7,323.56
3.23
$2,539.87
1.12
$324.10
.14
Other
Expenses
$2,763.70
1.22
Total
$12,951.23
5.71
WEST SPRINGFIELD — WEST SPRINGFIELD CO-OPERATIVE BANK
Incorporated April
8,
1897.
Began business
May
12,
Wilson B. Chandler, Treasurer
Willis J. Eldred, President
L. Brown, C. M. Bryan, J.
W. J. Eldred, J. F. McCarthy*, J. W. Mead,
E. L. Stoughton, R. D. Toomey.
Board
of Directors:
M.
1897
M. Carroll, W. B. Chandler,
W. H. Pierce, A. F. Royce*,
Regular meetings for receipt of moneys the second Wednesday
* Security Committee.
of
C. D. Clark*, H. W. Egan,
F. P. Sargent, F. O. Scott,
each month.
P.D.
8,
Part III.
171
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Cash
192S
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
LTnpaid fines
13,
00
00
00
00
23
875 73
,939,205
34,608
2,650
1,020
5,865
....
43,006 16
...
...
Dues capital
Profits capital
.
.
Matured share
Paid-up
.
.
,
$988,013 00
certificates
share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for
.
.
.
,
.
.
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
certifi-
....
.
.
.
Dividends on paid-up share
cates
.
,
certifi-
$2,027,230 12
....
....
....
....
Forfeited during year
Matured during year
Shares in force
Shares now pledged
.
.
Matured shares represented by
Paid-up shares represented by
New
series issued in
vember.
.
.
certificates
certificates
....
—
Membership
Shares
Issued during year
Withdrawn during year
6,937
4,495
165
824
25,578
11,906
2,724
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
Profits Distributed
972
February, May, August, No-
certificates
Unmatured Shares
lVi6%; second term, lVi6%;
lVi6%; fourth term, 16/i6%.
First term,
Matured and Paid-up Share
First term, \\4,%;
1M%;
second term,
fourth term,
1M%.
third term,
Certificates
1M%;
third term,
P.D.
172
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.
8,
Part III.
P.D.
8,
Part III.
173
....
Membership
Shares
Issued during year
....
....
....
.....
....
Forfeited during year
3,269
2,092
3
Matured during year
467
.
.
.
.
Withdrawn during year
13,146
Shares in force
6,283
Shares now pledged
1,514
Matured shares represented by certificates
337
Paid-up shares represented by certificates
New series issued in February, May, August, No-
vember.
Members
Members who are borrowers
Holders
of:
1,262
—
472
Unmatured shares
Matured share certificates
Paid-up share
1,138
239
49
certificates
Profits Distributed
U nmalured
Shares
First term, 1
Vi6%; second term,
lVi6%; fourth term, 13^%.
1
Vi6%; third term,
Matured Share Certificates
1 Vi6%
second term, 1 Vi6%
lVi6%; fourth term, 15/i6%.
First term,
;
Paid-up Share
;
third term,
Certificates
First term,
1}4%; second term, l}4%;
lJi%; fourth term, 1M%.
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
425 real estate loans (average, $2,614 each; average rate, 6%): 6%, $1,110,965.
83 share loans (average, $286 each; average rate, 6%): 6%, $23,771.
4 loans on matured share certificates: 6%, $960.
i loan on paid-up share certificates: 6%, $800.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$3,304.87
2.87.
$573.21
$24.50
$1,020.07
Total
$4,922.65
.50
.02
.89
4.28
WEYMOUTH — SOUTH WEYMOUTH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 719 Broad Street, East
Incorporated February 28, 1889.
Began business March
D. Frank Daly, President
9,
Weymouth)
1889
Everett N. Hollis, Treasurer
Board of Directors: A. E. Barnes*, F. T. Barnes, G. L. Barnes, G. W. Conant, D. F. Daly*, H. E. Fitzgibbons,
J. F. Frawley*, W. H. Holbrook, E. N. Hollis, L. K. Jones, 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 BUSINESS, OCTOBER
Assets
9,
1926
P.D.
174
8,
Part III.
Rates and Averages on Loans
6^%,
6%, $1,281,680;
estate loans {average, $2,871 e&ch; average rate, 6%)
66 share loans (average, $463 each; average rate, 6%): 6%, $30,595.
451 real
:
$14,200.
Total Expenses for Year
Rent
Salaries
Amount
$3,835.00
2.80
paid for
Cost per $1,000 of assets
.
$173.55
Other
Expenses
$932.75
.13
.60
Advertising
$444.42
Total
$5,385.72
3.85
WHITMAN — WHITMAN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Company, 50 State Street,
Boston)
Incorporated
March
1889.
6,
Began business March
Board of
W.
Directors:
A
1889
11,
Harrison D. Soule, Treasurer
George D. Soule, President
F. Alden, William Bliss, B. F. Bowker, W. H. Cook, E. P. Copeland, F. E. Cummings,
I. O. Estes*, W. L. Fairbanks, M. F. Greaney, J. B. Nye, Martin Ratigan,
F. Curtis, G. A. Dorr*,
G. D. Soule*, H. D. Soule.
Regular meetings for receipt of moneys the second
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
11, 1926
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Insurance and taxes paid
Other assets
Cash
....
.....
.
$5,566,150
71,528
6,110
1,250
10,908
25,832
5,759
1,190
695
97,427
00
00
00
00
02
09
55
Dues capital
Profits capital
61
Surplus
$3,226,303
717,301
1,556,000
58,200
2
26,076
63,979
29,173
85,326
4,286
3,329
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
44
Interest
41
Premiums
Fines
Transfer fees
Due on uncompleted
Personal accounts
loans
16,859 61
10 54
.
$5,786.851 12
....
....
....
....
$5,786,851 12
......
—
Membership
Shares
28,806
Issued during year
11,118
Withdrawn during year
year
during
Forfeited
. ^29
5,868
Matured during year
74,563
force
Shares in
29,988
Shares now pledged
7,780
Matured shares represented by certificates
291
Paid-up shares represented by certificates
August,
NoMay,
February,
in
issued
series
New
•
00
66
00
00
99
00
88
37
87
97
98
25
•
vember.
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
....
Paid-up share
.
.
...
certificates
.
.
6,779
2,042
5,633
1,391
41
Profits Distributed
Unmatured Shares
1>^%; second term, \}i%;
11^%; fourth term, 1>^%.
First term,
Matured Share
First term,
1M%;
1%%;
First term,
1M%;
Certificates
second term,
fourth term,
third term,
1^%.
1%%;
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
^,0S9 real estate loans (average, $2,743 each; average rate, 6.3%): 6Vio%, $5,566,150.
S51 share loans {average, $285 each; average rate, 6.3%): 6Vio%, $71,528.
14 loans on matured share certificates: 6^/10%, $6,110.
Total Expenses for Year
Other
Amount
paid for
Cost per $1,000
.
of assets
.
Salaries
Rent
Advertising
$12,412.37
2.15
$1,128.30
$1,188.81
Expenses
$5,557.63
20,287.11
.19
.21
.96
3.51
'
Security Committee.
Total
P.D.
Part III.
8,
175
WINCHENDON — WINCHENDON CO-OPERATIVE BANK
Incorporated September
9,
1891.
Began business September
Board of
1891
Austin R. Paull,
Greenwood, President
Silas A.
16,
Jr.,
Treasurer
Perley Aldrich, R. P. Bartlett, H. O. Bateman, Robert Callahan*, L. W. Davis, H. H.
R. B. Greenwood*, J. G. Henry, W. E. Holden, J. B. Humphrey, Alexander Orr, W. H. Pritchard,
Directors:
Elliott,
Honore Richer, A. M. Royse, T. C. Sparhawk*, A.
S.
Washburn.
Regular meetings for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Permanent expense account
Temporary expense account
Cash
.
.
.
.
20,
$448, .595
4,555
1,019
147
381
16,221
,
00
00
Dues capital
Profits capital
17
Matured share
69
09
01
Paid-up
$261,788
42,033
91,600
46,200
7,663
.
certificates
share certificates
Guaranty fund
Surplus
Interest
Fines
....
39
$470,918 96
....
....
.....
....
....
—
Membership
Shares
Members
1,554
Issued during year
Withdrawn during year
1,220
195
Matured during year
6,033
Shares in force
2,553
Shares now pledged
4.58
Matured shares represented by certificates
231
Paid-up shares represented by certificates
New series issued in March, June, September, December.
.
21
00
00
115 09
10,000 00
2,404 00
$470,918 96
.
00
4,481 02
4,634 25
payable for money borrowed
Due on uncompleted loans
Bills
.
1926
Liabilities
681
246
Members' who are borrowers
Holders
.
of:
Unmatured shares
Matured share certificates
622
73
43
.
Paid-up share certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
1J^%; second term, \]4,%\
1M%;
1M%.
fourth term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
,.2i.4
sk
reaZes«o<e/ooras (average, $2,096 each; average rate, 5.94%)
5%, $8,900;
share loans (average, $142 each: average rate, 6%): 6%, $4,555.
:
5>i%, $33,730; 6%, $405,965.
Total Expenses for Year
Amount
paid for
.
'Cost per $1,000 of assets
Other
Expenses
Salaries
Rent
$1,500.00
3.19
$145.60
$48.00
.$873.20
.31
.10
1.85
Advertising
Total
$2,566.80
5.45
WINCHESTER — WINCHESTER CO-OPERATIVE BANK
Incorporated
Howard D. Nash,
November
13, 1893.
Began business November
13,
1893
Ernest R. Eustis, Treasurer
President
Directors: W. T. Carleton, John Challis, E. R. Eustis, Vincent Farnsworth, G. A. Fernald, J. J.
Fitzgerald*, C. A. Gleason*, A. H. Hildreth, James Hinds, Raymond Merrill, C. C. Miller, H. D. Nash*,
Board of
S.
E.
Newman,
S. S.
Symmes*.
Regular meetings for receipt of moneys the
* Security
first
Committee.
Monday
of each
month.
P.D.
176
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
...
Assets
Cash
,147,400 00
46,705
4,345
4,800
7,318
00
00
00
50
870 82
34,145 68
.....
.
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
....
....
....
.
Guaranty fund
Surplus
Due on uncompleted
loans
Security committee
Dividend on matured share
cates
Dividend on paid-up share
cates
certifi-
certifi
$2,245,585 00
....
....
....
....
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.
....
—
Membership
Shares
Issued during year
4,
Part III.
192G
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Personal accounts
8,
5,811
3,257
50
1,059
25,395
12,230
2,091
1,071
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
certificates
$1,248,674 00
P.D.
8,
Part III.
177
....
....
....
....
.....
....
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
9,067
5,188
24
1,095
37,356
16,673
3,735
Matured during year
Shares in force
Shares now pledged
Matured shares represented by certificates
718
Paid-up shares represented by certificates
New series issued in March, June, September, December.
P.D.
178
Issued during year
11,638
Withdrawn during year
5,300
84
Forfeited during year
Matured during year
1,462
Shares in force
53,376
Shares now pledged
24,521
Matured shares represented by certificates
4,243
2,245
Paid-up shares represented by certificates
New series issued in January, April, July, October.
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
5,159
1,862
.
4,899
673
368
.
certificates
Profits Distributed
Unmatured Shares
1M%;
second term, 13^%; third term,
13^%; fourth term,
1M%-
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20%
on
1J^%; second term,
fourth term,
series less
1^%-
Rates and Averages on Loans
Total Expenses
for Year
*
paid for
.
of assets
Certificates
1M%;
third term,
than 5 years old; after 5 years,
1,667 real estate loans (average, $2,722 each; average rate, 6.3%): 6Vio%, $4,538,575.
184 share loans (average, $342 each; average rate, 6.3%): 63/io%, $63,000.
9 loans on matured share certificates: 6^/10%, $5,620.
S loa7is on paid-up share certificates: 6Vii)%i $750.
Cost per $1,000
Part III.
....
Members
Members who
Holders
First term,
Amount
8,
Membership
Shares
P.D.
8,
Part III.
179
Rates and Averages on Loans
849
5.98%): 5%, S4,000; 5}^%, $4,200; 5^^%, $4,500;
5}^%, $105,750; 5Ji%, $1,800; 6%, $2,606,100; 6^%, $1,000; 6}^%, $1,200; 7%, $1,000.
real estate loans iaver&ge, $3,215 each; average rate,
SOS share loans (average, $278 each; average rate, 6%): 5}^%, $300; 6%, $84,100.
8 loans on matured share certificates: 6%, $2,300.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$5,433 53
1.89
$2,173.63
$559.06
$1,855.68
.76
.19
.65
.
Total
$10,021.90
3.49
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, G. O. Bridges*, G. W. Brooks, Earle Brown, Albert Erickson, Wilhelm Forsberg,
H. A. Hawkins, J. J. Higgins*, Urge! 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 BUSINESS, OCTOBER
Assets
19, 1926
P.D.
180
WORCESTER — INDEPENDENT
Incorporated
May
8, 1911.
8,
Partlll.
CO-OPERATIVE BANK
Began business
May
31, 1911
Andrew W.
Wallace T. Morley, President
Sigourney, Treasurer
Board of Directors: W. H. Balcom, C. S. Bavis, H. J. Clarkson, M. E. Costello, M. W. Donahue, H. J. Greene,
J. L. Harrop*. W. T. Morley, A. A. Parker, J. J. Power*, A. F. Richardson, H. C. Robinson, H. A.
Rousseau, D. A. Scott, A. W. Sigourney*.
Regular meetings for receipt of moneys the
last
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
...
Loans on real estate
Loans on shares
Loans on matured share
Cash
....
....
......
certificates
8652,100 00
18,845 00
1,575 00
15,038 82
Dues
$389,687
76,169
144,000
48,600
5,198
6,602
10,000
4,550
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted
loans
Dividends on matured share
cates
.
.
cates
$687,558 82
Shares
Issued during year
3,581
Withdrawn during year
1,128
Matured during year
732
Shares in force
10,440
Shares now pledged
3,966
Matured shares represented by certificates
720
Paid-up shares represented by certificates
243
New series issued in February, May, August, No-
....
.....
....
.
.
.
.
.
.
.
.
99
00
00
73
83
certifi-
....
.
Dividends on paid-up share
00
00
00
240 00
Security committee
vember.
26, 1926
Liabilities
.
_
1,890 27
certifi
620 00
P.D.
8,
181
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
26, 1926
182
P.D.
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.
402
218
5
56
2,714
962
97
Holders
of:
— are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share
.
.
certificates
Profits Distributed
17
Unmatured Shares
3%; second
term,
3%.
Matured and Paid-up Share
First term,
23^%; second term,
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
79 real estate loans (average, $2,149 each; average rate, 6%): 6%, $169,836.
8 share loans (average, $573 each; average rate, 6%): 6%, $4,590.
Total
paid for
.
Cost per $1,000 of assets
Part III.
......
Members
Members who
First term,
Amount
8,
Membership
Shares
Certificates
2 J^%.
267
87
255
23
4
P.D.
8,
183
Part III.
Rates and Averages on Loans
65 real estate loans (average, $2,386 each; average rate, 7%): 7%, $155,100.
15 share loans (average, $186 each; average rate, 7%): 7%, $2,785.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
$690.00
3.92
P.D.
184
Part III.
8,
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 (on share loans 135), total
Rates 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 January and July of each year.
Required monthly dues upon each share
1,082
....
.
200
646
94
1,466
$96,000
905
5%,
5H%. 6%
5H%
5H%
$8,565.40
795
434
167
.
.
.
$2.00
.
NORTON — NORTON SAVINGS AND LOAN ASSOCIATION
Established 1890.
Austin
M.
Began business
1890.
George B. Clements, Treasurer and
Sweet, President.
Secretary.
Freemanf, C. H. Makepeace* t, G. H. O'Brien*,
Sweet, A. G. Walker, W. C. S. Wood.
Directors: J. G. Adair, G. B. Clements, B. F. Fales, J. A.
G. F. Sawyer, A. T. Sturdy, A.
M.
Regular monthly meeting, fixed by by-laws, for receipt of moneys the third
STATEMENT OF CONDITION, OCTOBER
Assets
Monday
30, 1926
of each
month.
P.D.
8,
Part III.
185
PLAINVILLE — PLAINVILLE SAVINGS AND LOAN ASSOCIATION
Established December, 1879.
Byron
Began business February,
W.
1880.
Walter E. Harden, Treasurer and Secretary.
S. Gardiner, President
W.
E. Harden, Donald Barrows, J. J. Eidenf, T. E. A. Fuller, B. S. Gardinert, Howard Gardnert, N. C. Grant, H. A. Hallt, Rufus Kingt, J. W. Martin, Jr., E. W. Pinkt, C. E. Riley, R. I.
Rhodes, F. W. Sears, Fred Sturdy, H. B. Thompsont.
Directors: F.
Loan
Averill,
or Building Committee:
Appointed from the Directors on each application for a loan.
Regular monthly meeting, fixed by by-laws, for receipt of moneys on or before the tenth of each month.
STATEMENT OF CONDITION, OCTOBER
10, 1926
Assets
....
Liabilities
Loans secured by mortgages upon
real estate
Loans secured by pledge of shares
Loans secured by other collateral
Real estate owned by the association
Unpaid dues
Unpaid interest
Accrued interest
Furniture and fixtures
Liberty Loan bonds
Deposited in banks
Cash in hands of treasurer
.
$382,389 64
17,982 00
205 96
1,500 00
916 00
87 45
113 91
200 00
8,000 00
22,015 60
556 05
1,271 matured shares at $151.87 each
553 shares, series 43 at $130.09 each
403 shares, series 44 at $99.98 each
469 shares, series 45 at $71.33 each
108 shares, series 46 at $57.54 each
347 shares, series 47 at $44.14 each
309 shares, series 48 at $31.09 each
276 shares, series 49 at $18.40 each
283 shares, series 50 at $6.05 each
Dues paid in advance
Interest paid in advance
Bills
payable
Guaranty fund
Undivided
profits
Forfeited shares
$433,966 61
.
$193,026
71,939
40,291
33,453
6,214
15,316
9,606
5,078
77
77
94
77
32
58
81
40
1,712 15
532 00
1,464 85
30,000 00
11,000 00
14,290 78
38 47
$433,966 61
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
.
.
.
.
t Auditors.
592
50
258
31
757
$7,250
348
6%
5%
53^%
$1,492.96
574
370
148
$2.00
P.D.
186
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
Private Bankers, General Remarks
Savings and Loan Associations, Abstracts of Annual Reports
Savings Banks, General Remarks
Trust Companies, General Remarks
Treasurer and Receiver-General, General Remarks
1
....
....
.....
184
ii
V
.
_
vi-xxvii
.....
.....
.....
183
INDEX TO THE ANNUAL REPORTS
[Alphabetically by
Name]
CO-OPERATIVE BANKS
Name
Location
Acushnet Co-operative Bank
.
Bank
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
Baldwin\'ille 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
Chicopee Co-operative Bank
Chicopee Falls Co-operative Bank
Citizens' Co-operative Bank
City Co-operative Bank
Clinton Co-operative Bank
Codman Co-operative Bank
Columbian Co-operative Bank
Concord Co-operative Bank
Congress Co-operative Bank
Coolidge 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
Adams
Co-operative
Alden\'ille Co-operative
New
Bedford
Adams
Page
125
2
67
.
Chicopee
.
Amesbury
2
Boston
9
.
.
.
.
.
.
.
Arlington
Athol
3
4
Lawrence
100
.
Attleboro
Newton
Boston
Avon
.
Boston
Baldwin\dlle
Boston
Beverly
Lowell
Boston
Braintree
Bridgewater
Boston
Brookline
Boston
Cambridge
Brockton
Canton
Yarmouth
Somerville
Cambridge
Gardner
Boston
Chelsea
Chester
Chicopee
Chicopee
Haverhill
Holyoke
Clinton
Boston
Cambridge
Concord
Boston
Brookline
Danvers
Franklin
Dedham
Boston
Boston
East Bridgewater
.
Easthampton
Taunton
Merrimac
.
Boston
Boston
5
127
10
5
11
6
12
9
105
13
52
53
14
57
15
58
54
63
182
149
59
87
15
64
67
68
69
93
97
70
16
60
72
17
58
73
86
74
18
19
75
76
158
118
20
20
P.D.
8,
187
Part III.
Name
Location
Equitable Co-operative Bank
Equity Co-operative Bank
Eureka Co-operative Bank
Everett Co-operative Bank
Fall River Co-operative Bank
Falmouth Co-operative Bank
Faneuil Co-operative Bank
Farragut Co-operative Bank
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 Ba
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-operative Bank
Jamaica Plain Co-operative Bank
Joseph Warren Co-operative Bank
Lafayette Co-operative Bank
Lawrence Co-operative Bank
Leominster Co-operative Bank
Lexington Co-operative Bank
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 Bank
Merchants' Co-operative Bank
Merrimack Co-operative Bank
Methuen Co-operative Bank
Metropolitan Co-operative Bank
Middleborough Co-operative Bank
Middlesex Co-operative Bank
Milford Co-operative Bank
Millbury 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
.
.
.
.
.
.
.
.
.
Lynn
.
Worcester
Boston
Everett
Fall River
Falmouth
Boston
Boston
Boston
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
Hudson
Barnstable
Boston
Worcester
Cambridge
Ipswich
Boston
Boston
Fall River
Lawrence
Leominster
Lexington
Lynn
.
Lowell
Lynn
Maiden
.
Mansfield
Marblehead
Marlborough
Tisbury
Boston
Boston
Taunton
Medfield
Medford
Medway
Boston
Melrose
Boston
Lawrence
Methuen
Boston
Middleborouggh
Lowell
Milford
Millbury
Milton
Boston
Brockton
Boston
Leominster
Needham
New
Bedford
Newburyport
Newton
Newton
Boston
Newton
Abington
Northampton
Cambridge
Dighton
Boston
Easton
P.D.
188
Name
8,
Part III.
Location
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
Plymouth Co-operative Bank
Provident Co-operative Bank
Quincy 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
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
West Newton Co-operative Bank
West Roxbury Co-operative Bank
West Somerville Co-operative Bank
West Springfield Co-operative Bank
Whitman Co-operative Bank
Winchendon Co-operative Bank
Winchester Co-operative Bank
Winter HUl Co-operative Bank
Winthrop Co-operative Bank
Woburn Co-operative Bank
Wollaston Co-operative Bank
Worcester Co-operative Bank
Workingmen's Co-operative Bank
Wrentham Co-operative Bank
.
.
Weymouth
Norwood
Taunton
Orange
Peabody
Fall River
Cohasset
Boston
Pittsfield
.
Plymouth
.
Chelsea
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Quincy
Randolph
Reading
Boston
Cambridge
Revere
Rockland
Salem
Boston
Boston
Salem
Sandwich
Saugus
Brockton
Sharon
Boston
Quincy
.
.
Shirley
Somerville
Boston
Southbridge
Boston
Framingham
Weymouth
Weymouth
Springfield
Stoneham
Stoughton
Boston
Swampscott
Taunton
Boston
Boston
Fall River
Boston
Pittsfield
Chelsea
Boston
Clinton
Wakefield
Walpole
Waltham
Ware
Wareham
Waltham
.
Watertown
Belmont
Webster
Taunton
Wellesley
Westfield
Medford
Newton
Boston
Somerville
West Springfield
Whitman
Winchendon
Winchester
Somerville
Winthrop
Woburn
Quincy
Worcester
Boston
Wrentham
SAVINGS AND LOAN ASSOCIATIONS
Attleborough Savings and Loan Association
Norton Savings and Loan Association
Plainville Savings and Loan Association
Attleboro
Norton
Plainville
183
184
185
