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Annual Report of the  Superintendent of Banks of the  State of A labam a  FOR THE FISCAL YEAR ENDING   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  SEPTEMBER 30, 1294  TO THE GOVERNOR  Annual Report of the  Superintendent of Banks of the  State of A labam a  FOR THE FISCAL YEAR ENDING   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  SEPTEMBER 30, 1294  TO THE GOVERNOR  Bir m in g h am p r in t in g c o m p a n y STATE PRINTERS AND BINDERS Bir m in g h a m , a l a . 1929   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  LETTER OF TRANSMITTAL Honorable W. W. Brandon, Governor of Alabama, Montgomery, Ala. Dear S ir: I have the honor to herewith submit my annual report for the year ending September 30, 1924. The banks during the past year have provided credit in a splen­ did manner. They have taken care, as far as I know, of every one entitled to credit. Many of the banks have been unable to lend all of their money in Alabama and have been compelled to buy commercial paper or readily marketable bonds in order to keep their funds active. Realizing that the State is in an era of prosperity, this depart­ ment has been, and is now, doing everything possible to get all of the banks to remove their slow loans and convert their non-liquid assets into liquid assets, so that when the cycle turns and a time of stress comes they will be prepared. In other words, I want the banks to prepare for the lean years during the years of plenty. You will note that eight banks have failed. Considering the general prosperity and easy money in the State at this time, these failures will, no doubt, cause surprise to some. All of these failures were caused by a lack of proper management, neglect of the direc­ tors or crookedness. These things will, of course, cause the failure of a bank, or any other business, whether the times be prosperous or not. Then, too, several years ago the prices of commodities, real estate and other collateral were abnormally high. The management of these banks, not having the foresight a banker should have, loaned money with the then existing values as security, thinking that times would always be prosperous. In some cases, they did not have the loans margined even with the high values then existing. One or two of the banks managed to get by 1920 and 1921 by the officers or directors putting up funds to tide the banks over. Others of these failed banks borrowed heavily in order to carry themselves over the years 1920 and 1921. Now, however, the banks should be able to take care of all who are entitled to credit. These failed banks, on account of being   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ANNUAL REPORT FOR 1924  4  loaded with non-liquid assets, loans on real estate, and having other loans insufficiently secured, were not able to expand to meet the growing demands of prosperous communities. Their earning power was not sufficient to take care of the losses which they incurred by making injudicious loans. The good banks were able to take care of their respective communities and, therefore, secured the deposits and business. I am preparing for the printer copies for the publication of the individual statements of the banks as of October 22, 1924. As soon as this information is printed, I shall render you a copy as a supple­ ment to this report. Other information in connection with my report is hereto attached. Respectfully, A. E. JACKSON, Superintendent of Banks. Dec. 15, 1924.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  5  N EW BANKS During the year ending September 30, 1924, the following banks have been granted charters and have opened for business: Capital Avondale—Avondale Bank & Savings Co_________________ $25,000 Bessemer— Bessemer Trust & Savings Bank_______________ 60,000 Birmingham— Southside Banking Co_______________________ 25,000 Blountsville— Bank of Blountsville_________________________ 15,000 Cordova— Citizens Bank & Trust Co_______________________ 25,000 Elkmont— Farmers & Merchants Bank_____________________ 15,000 Fairfield— Fairfield Trust & Savings Bank________________ 25,000 Flomaton— Escambia County Bank_________________________ 25,000 Newton— Citizens B ank___________________________________ 10,000 North Birmingham— Security Trust & Savings Bank_______ 50,000 Pratt City— Pratt City Savings Bank_______________________ 25,000 Silverhill— State Bank of Silverhill_________________________ 10,000 R E N E W A L OF CHARTERS Charters of seven banks have expired and have been renewed for a period of twenty years, as follow s: Atmore— Bank of Atmore. Columbiana— Columbiana Savings Bank. Fort Deposit— Fort Deposit Bank. Greensboro— Peoples Bank. Hartselle— Bank of Hartselle. Monroeville— Monroe County Bank. Oneonta— Oneonta Trust & Banking Co. TRU ST D EPARTM EN TS Banks authorized to conduct trust departments that had not previously had that privilege: Tuskegee— Bank of Tuskegee. Tuskegee— Macon County Bank.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6  ANNUAL REPORT FOR 1924  CONSOLIDATIONS, ETC. Four banks have been taken over by, or have consolidated with, other banks without loss to the depositors or creditors, to-w it: The Farmers & Mechanics Bank of Mobile was taken over by the Merchants Bank of Mobile. The Bank of Madrid, Madrid, Ala., was taken over by the Dothan National Bank, Dothan, Ala. The Bank of Pollard, Pollard, Ala., was taken over by the Farmers & Merchants Bank, Brewton, Ala. The Alabama Bank & Trust Co., Cullman, Ala., was purchased by the Tennessee Valley Bank, Decatur, Ala., the branch of the Tennessee Valley Bank at Hillsboro being discontinued and removed to Cullman. The Farmers & Merchants Bank, Lineville, Ala., merged with The Citizens National Bank, Lineville, Ala., and is operating as the Farmers & Merchants Bank of Lineville under a State charter. VOLUNTARY LIQUIDATIONS Two banks voluntarily liquidated, all depositors and creditors  being paid in full: Collinsville— Collinsville Savings Bank. Red Level— First Bank of Red Level. INCREASE OF CAPITAL STOCK From Auburn— Bank of Auburn_____________________$ 15,000 Birmingham—American Trust & Savings Bank- 500,000 Decatur— Tennessee Valley Bank_____________ 175,000 Fairhope— Bank of Fairhope__________________ 10,000 Lineville— Farmers & Merchants Bank_________ 25,000 Mobile— Merchants Bank _____________________ 200,000 Mobile— Peoples B ank ------------------------------------ 200,000 Moundville— Bank of Moundville______________ 20,600  $  To 25,000 1,000,000 200,000 25,000 50,000 500,000 400,000 25,000  DECREASE OF CAPITAL STOCK Union Springs, Merchants & Farmers Bank from $80,000 to $40,000.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  7  UNCLAIMED DEPOSITS OF LIQUIDATED BANKS The following amount representing unclaimed deposits of liquidated banks that has remained in the hands of the Superin­ tendent of Banks for a period of more than three years has been certified into the State Treasury: Atmore, Peoples Bank & Trust Co. (including interest)______$59.89 There is now deposited by the Superintendent of Banks and drawing 4% interest unclaimed deposits of the following liquidated banks: Clanton—Union State Bank________________________________ $ 48.17 (Deposited with Peoples Savings Bank, Clanton, draw­ ing interest since Oct. 24, 1922.) Clanton—Union State Bank________________________________ 254.66 (Deposited with the Peoples Savings Bank, Clanton, Ala., drawing interest since March 28, 1923.) Collinsville— Collinsville Savings Bank____________________ (Deposited with Union Bank & Trust Co., Montgomery, Ala., interest since Sept. 18, 1924.)  5.41  Fort Payne—DeKalb County Bank_________________________ 303.19 (Deposited with Union Bank & Trust Co., Montgomery, Ala., interest since Jan. 29, 1923.) Talladega Springs— Planters Bank__________________________ (Deposited with Union Bank & Trust Co., Montgomery, Ala. Too small to draw interest.)  1.50  When the above mentioned funds have remained unclaimed in the hands of the Superintendent of Banks for a period of three years from the date of the deposit they will be certified into the State Treasury.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  8  ANNUAL REPORT FOR 1924  INVOLUNTARY LIQUIDATIONS OR FAILED BANKS B A N K O F F I V E P O IN T S , F I V E P O I N T S , A L A . Statement of Condition at the Tim e of Failure, January 21, 1924  R ESOU RCES  L IA B IL IT IE S  Loans and Discounts.__ ___ Overdrafts _______________ Furniture and Fixtures..... . Due from Ranks Cash and Cash Items_____ Profit and Loss.............. .....  28,296.96 51.76 1,389.03 988.48 468.95 241.09  Capital Stock______________ .$ 15,000.00 454.18 Cashier’s Checks ________ 2,961.85 Certificates of Deposit.......... 11,653.84 Individual Deposits L366.40 Bills Payable.......... .............  Total _______ ___________  31,436.27  Total ---------------------------- .$ 31,436.27  Officers at Time of Failure  R. N. Bowen, President.  H. D. Lee, Cashier.  The Bank of Five Points was closed on January 21, 1924, by a resolution of its directors and was taken over by the Superintendent of Banks by a resolution of its directors on January 26, 1924. The bank had been under severe criticism by the Banking Department, and had violated the banking laws. If the directors had not passed a resolution that the bank be liquidated, it would have been necessary for the Superintendent to call a meeting of the Banking Board for the purpose of taking it over. Five Points is not large enough for a bank to make a profit. Yet the bank could have managed to exist if it had been properly conducted. The president of the bank is alleged to have borrowed a large amount of the funds of the bank under different guises, and the Bank Examiners and the Superintendent of Banks were led to believe that his loans were good. Our liquidating agent, Mr. D. T. Tatum, of LaFayette, Ala., has collected $6,000 from the bonding company on the bond of Mr. Bowen. A dividend of 60% has been paid to depositors and creditors. A final dividend will be paid, the amount of the dividend depending upon the value of the remaining assets, most of which are probably worthless.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  9  BAN K OF FLO M ATO N , FLO M ATO N , ALAStatement at Time of Failure, August 27, 1924  RESO U RC ES Loans and Discounts_______ !$ 74,390.64 9,205.22 Overdrafts ....... ....... ...... ........ U. S. Bonds_________ ______ 200.00 Other Bonds__________ _____ 2,750.00 1,700.00 Furniture and Fixtures_____ Other Real Estate_________ 4,720.00 Cash ______________________ 4,969.00 Due from Banks___________ 1,400.96 Citizens State Bank, W ittenberg, W is__ __________ *13,856.90 Items in Transit___________ 3,103.10 Adjustment A ccount_______ ** 418.19 Expense and Interest Paid_ 533.83 Total .____________________ $117,247.84  L IA B IL IT IE S Capital Stock-_________ ____$ Surplus __________ ____ Undivided Profits______ ____ Cashier’s Checks_______ ____ Outstanding Checks____ ____ Individual Deposits____ ____ Savings Deposits______ ........ Bills Payable.—__ _____ ____  15,000.00 973.86 956.89 1,311.03 f6,878.50 46,578.10 39,123.56 6,426.00  Total ____________________$117,247.84  *This amount was alleged to be due from the Citizens Bank of Witten­ berg, Wis. Since the bank has failed a detailed investigation has been made, and it seems that this $13,856.90 represents drafts drawn against shipments of lumber, poles or piling. The Bank of Flomaton did not take accepted drafts or other evidence of debt upon which the amount could have been collected by law. Drafts which had not been accepted had been sent to the Wittenberg Bank for collection and the Citizens Bank of Wittenberg is apparently in no way indebted to the Bank of Flomation. This claim is in dispute and has been placed in the hands of attorneys for suit. **This amount represents entries to correct discrepancies discovered by an audit a short time before the bank closed its doors. fChecks drawn by the Bank of Flomaton on correspondent banks. The Bank of Flomaton did not have a sufficient deposit at the time of the failure to take care of the checks. Officers at the Time of Failure  W . L. Abernethy, President. H. M. Vinson, Vice-President.  W . J. Bryan, Cashier. J. B. McLellan, Assistant Cashier.  On August 21, 1924, this bank was summoned before the Bank­ ing Board. At the board meeting it was shown that the bank had continually and wilfully violated the banking laws. Several months prior to the Banking Board meeting the bank had loaned much more than 20% of its capital, surplus and profits to badly ex­ tended lumber companies. Part of the amount advanced to these lumber companies is represented by the $13,856.90 shown in the above statement, which the Bank of Flomaton carried on their books as due from the Citizens Bank, Wittenberg, -Wis. Apparently in order to deceive the Banking Department, companies were formed for the purpose of removing some of the excess. Three or four months before the bank closed, its cashier had placed personal funds in the bank and had removed some of the worthless loans in order to keep the bank open. There were other worthless and doubtful assets in the bank which impaired the cap­   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  10  ANNUAL REPORT FOR 1924  ital, although the officers of the bank told the Bank Examiners and the Superintendent of Banks that the worthless assets were good. Notwithstanding this assurance, the Superintendent was convinced that certain other loans were worthless or very doubtful. The bank was given a stated length of time in which to remove these ques­ tionable loans by replacement with cash or security known to be good. A part of these loans were replaced with other loans which have proven to be as questionable as the ones removed. The officers and directors of the bank were unable or unwilling to remove the loans which the Superintendent believed to be worthless or doubtful within the stated time. At the Banking Board meeting on August 21, 1924, the Super­ intendent called attention to the fact that these loans had not been removed in accordance with his instructions. He also informed the board of the continued violation of the law and stated that, in his opinion, the bank was in an unsound and unsafe condition, and asked authority to take the bank over for liquidation. A majority of the Banking Board thought there was a prob­ ability of the Bank of Flomaton selling its assets to the Escambia County Bank of Flomaton. It was decided to give the Bank of Flomaton sixty days in which to effect such sale or transfer of its assets. On going over the assets the Escambia County Bank were of the opinion that the losses in the bank were too great for them to take over the bank and pay the depositors and creditors. The directors of the Escambia County Bank were willing to lose $5,000 in order to save the Bank of Flomaton from failing and in order to receive the benefit of increased deposits. But they believed their loss, should they take over the bank, would be much greater than $5,000. Failing in their effort to effect a sale or transfer, the directors of the Bank of Flomaton realized that the bank was unable to longer continue business and the bank was turned over to the Superintendent of Banks by a resolution of its directors. Since the bank has closed developments have proven that the Superintendent’s attitude with reference to this bank had been correct. At the proper time certain violations of the law shall be pre­ sented to the grand jury for investigation. Our liquidating agent informs us that he hopes to be able to pay a dividend of 25% in February, 1925. Further dividends depend entirely upon the value of the remaining assets, most of which our agent believes to be worthless. It is probable, therefore, that divi­ dends above 25% will be small.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  11  C IT IZ E N S B A N K & S E C U R IT Y C O M P A N Y , F O R T P A Y N E , A L A . Statement of Condition as of August 30, 1924, being the Last D ay the Bank was Open for Business Before Second Failure  RESO U RCES  L IA B IL IT IE S  T,nans and Discounts .$207,600.64 608.65 Overdrafts ............................... Other Bonds and Securities 10,000.00 4,000.00 Banking House-____ _______ 4,111.00 Furniture and Fixtures____ 20,662.81 Other Real Estate___ ___ ___ Due from Ranks 788.05 1,604.79 Exchanges ________ ____ ___ Cash ____________ ______ ___ 9,963.20 Cash Items _______________ 1,346.78 Other A ssets-......................... 1,440.54  $ 35,200.00 Capital Stock Undivided P rofits__________ -" 1,540.30 1,201.61 Due to Banks______________ Individual D eposits________ . 104,210.98 Tim e Certificates__________ - 33,089.57 Bills Payable_______________ . 85,000.00 Cash Ttpms 1,881.25 Cash O ver_____________ ___ 2.75  Total ____________________ $262,126.46  Total ____________________ -$262,126.46  Officers at Time of Failure  H. B. Brock, President. Dr. W . E. Quinn, Vice-President. C. C. Driskill, Cashier. C. G. Kershaw, Vice-President. E. P. Stewart, Assistant Cashier.  From the information obtained from the files of the Banking Department, I am convinced that the failure of this bank was caused by lack of proper management and by the failure of some of its directors to properly direct. On March 23, 1921, the bank was turned over to Superintendent of Banks H. H. Montgomery. Its president and certain of its direc­ tors had, in my opinion, failed to properly supervise its loans with the result that a large number of worthless, doubtful and non-liquid loans had accumulated. The bank has been severely criticized by different Superintendents of Banks since its organization. Two or three months prior to its first failure, the president, Mr. H. B. Brock, sold his stock to Mr. R. A. Burt, who became president of the bank. The bank was in a badly extended condition and a run was made which led to the immediate closing. It is proper for me to say that its president at the time of the first closing, Mr. R. A. Burt, was in no way responsible for its condition, certain of its former officers having placed its affairs in such condition that Mr. Burt was unable to pull the bank out of its predicament. After the depositors had been induced to sign an agreement that they would allow 50% of their money to remain in the bank for a period of six months and 50% for a period of twelve months, and after $13,200 had been placed in the bank as additional capital, Mr. Montgomery allowed the bank to reopen. In the meantime, for reasons which we do not care to discuss, Mr. Brock had bought back the stock which he had formerly sold to Mr. Burt, and Mr. Brock went into the reopened bank as its president.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  12  ANNUAL REPORT FOR 1924  This experience did not improve the situation. Upon the second closing of the bank, little had been done to remove the non-liquid and doubtful assets held at the time of the first failure, and in addition, it seems, other worthless, doubtful and non-liquid assets had accumulated. Everything possible was done by the Banking Department to save the second failure; but certain of its officers and directors did not comply with the banking laws, violated promises made to the Banking Department and failed to conduct the bank in what we would call a safe and conservative manner. Realizing the bank to be in an unsafe and unsound condition and that it was being mismanaged, the Superintendent summoned the bank before the Banking Board on July 9, 1924, to show cause why it should not be liquidated. The Superintendent voted that the bank be taken over at once for liquidation. The president of the bank told the Banking Board that he was personally worth enough to protect the depositors and that he would see that no depositor would ever lose a penny; that, if the bank should close, he would see that the depositors received their money out of his personal assets, if that should prove necessary. He further said that, if the Banking Board took over the bank, he would place a notice on the door of the bank stating that he, the president, would personally guarantee the depositors against loss. Upon this statement, a majority of the Banking Board voted that the bank be allowed to remain open; provided the president would sign a guarantee for the protection of the depositors. The presi­ dent said he would be glad to sign such agreement and that he would pay the attorney’s fee for writing the agreement. In view of the large number of promises which had been previously made and not kept, the Superintendent felt that this promise would also not be kept and voted against allowing the bank to remain open. The guarantee was written and mailed to the president. He claimed that the guarantee was not written in accordance with his promise. It was, therefore, rewritten in accordance with his sug­ gestions by order of the Banking Board on August 6, 1924, the main object being to get the depositors secured. The president still failed to sign the agreement. On August 20, 1924, the Banking Board instructed the Superintendent to write the president that the agreement must be signed promptly, which the Superintendent did. On August 30, 1924, the Superintendent met the president in Birmingham and again insisted that the agreement be signed. Not­ withstanding his previous promise to the Banking Board, the presi­ dent refused to sign the agreement and in the presence of Mr. C. G. Kershaw, vice-president of the bank, told the Superintendent to “ come and get the bank,” that he was through with it. The presi­ dent has also failed to pay the attorney for writing the agreement above mentioned.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  13  In justice to Mr. Kershaw, it is well to call attention to the fact that he lives in Birmingham and, therefore, could not regularly attend the directors’ meetings; but that by advice he tried to get the other directors and officers to comply with the banking laws and the requirements of the Superintendent. On Saturday, Sunday and Monday, August 30 to September 1, inclusive, the officers and directors endeavored to make a trade with the First National Bank of Ft. Payne. After an inspection of the assets of the Citizens Bank & Security Co., the First National Bank felt that the losses were too great for them to take the bank over. An examiner was sent to Ft. Payne on September 2. He found a notice pasted on the door of the bank that the bank was in the hands of the Superintendent of Banks for liquidation. The sign was presumably placed on the door by the president, or by his direction. The directors refused to pass a resolution turning the bank over to the Superintendent for liquidation, although it had failed to open for business on Tuesday, September 2, and had been aban­ doned. Consequently, the vault was locked and sealed by thd examiner and remained so until September 10, when the BankingBoard formally took over the bank. The directors told the examiner that they would pass a reso­ lution turning the bank over to the Superintendent if Mr. Stanley, a director, was appointed liquidating agent; but that if Mr. Stanley was not appointed they would not only refuse to pass the resolu­ tion, but would bring suit against the Superintendent, claiming that the bank was illegally taken over. Under the circumstances of the failure, the Superintendent did not see proper to appoint Mr. Stanley. At the Banking Board meeting on September 10, Mr. H. B. Brock and Mr. A. E. Hawkins again insisted upon the appointment of Mr. Stanley. The Superintendent replied that he had in mind Mr. S. B. Slone as agent, whom he deemed competent and honest, and that his only objection to Mr. Stanley was the fact that he had been connected with the failed bank. Messrs. Brock and Hawkins protested against the appointment of Mr. Slone. The Superintend­ ent then suggested that an agent be appointed other than Mr. Stanley or Mr. Slone satisfactory to the directors of the bank and to the Superintendent. But the appointment of Mr. Stanley was insisted upon, and Mr. Hawkins stated that if Mr. Slone should be appointed an injunction would be secured against his serving and that suit would be brought against the Superintendent. The Super­ intendent then said that he did not care to further discuss the matter with Messrs. Brock and Hawkins. In November, 1924, Mr. Slone resigned. The Assistant Super­ intendent was sent to Ft. Payne for the purpose of choosing a suc­ cessor. Mr. Brock was out of town and the assistant was unable   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  14  ANNUAL REPORT FOR 1924  to see Mr. Hawkins. Mr. A. L. Campbell, a director, insisted that Mr. Stanley be appointed and told the Assistant Superintendent that if Mr. Stanley was not appointed suit would be brought against the Superintendent. He further said that if Mr. Stanley was ap­ pointed suit would not be brought, although papers had already been prepared and were in the hands of their attorney. The Assist­ ant Superintendem told Mr. Campbell that any competent man that Mr. Campbell would suggest would be appointed, the only require­ ment being that the man suggested must not have been connected with the Citizens Bank & Security Co. Mr. Campbell was told that certain matters which, in the opinion of the Superintendent, were in violation of the law would be presented to the grand jury and that a director might not co-operate with the Superintendent. Mr. Campbell did not suggest the name of any one other than Mr. Stanley. Feeling that the appointment of Mr. Stanley was not to the best interest of the liquidation, Mr. E. M. Box, cashier of the Peoples Bank of Collinsville, was appointed. Mr. Box is well known and highly regarded. Notwithstanding the fact that the Solicitor of DeKalb County is required by law as a part of his official duty to represent the Superintendent of Banks in any suit that he may desire to bring or that may be brought against the Superintendent, the Solicitor is at the present time, so we are informed, co-operating with the former management of the bank. This is one of the worst failures in the history of the Banking Department; not from a money standpoint, but because of the fact that Ft. Payne is a good town, amply large enough to support two good banks, and the bank could have been saved by proper and conservative management. The authorized capital of this bank is $50,000, while only $35,200 has been paid in. W e expect to call upon the stockholders for the additional amount of capital to be distributed among the depositors. W e are not in position to estimate the amount the depositors will receive; but unless Mr. Brock can be prevailed upon to comply with his promise to the Banking Board and protect the depositors, the loss promises to be considerable.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  15  H OD G ES STA TE BAN K , HODGES, ALA . Statement at Tim e of Failure, June 23, 1924  R ESOU RCES  L IA B IL IT IE S  Loans and Discounts_______ $ 41,180.22 Capital Stock_______________ $ 10,000.00 729.14 Overdrafts __________________ 208.72 Surplus ___ Bonds, Stocks and W arrants Banking H ouse-------------------Furniture and Fixtures-------Other Real Estate__________ Due from Banks____________ Cash _______________________ Cash Items _________________ Profit and Loss _____________ Cash Short__________________  3,600.00 D eposits ____________________ 1,447.25 Bills Payable_______________ 2,934.46 373.69 1,027.60 1,168.33 106.69 204.89 329.21  Total _____________________ $ 52,581.06  19,851.92 22,000.00  T otal ____________ _________$ 52,581.06  Officers at Time of Failure  F. J. Osborn, President. L. D. Overton, Vice-President.  W . C. Cofield, Cashier  This bank failed to open on June 24, 1924, immediately fol­ lowing the suicide of its cashier, and the board of directors passed a resolution turning the bank over to the Superintendent for liquida­ tion. Bank Examiner G. H. Foote found shortages amounting to approximately $5,000. The shortages were later confirmed by an audit and a claim has been filed against the bonding company. The company has not yet made settlement of the claim. The Hodges State Bank had been under criticism for some time, and had been advised to so arrange its affairs that it could volun­ tarily liquidate. Our liquidating agent is handling the collection of the assets in a prompt and satisfactory manner, but we are not in position to estimate the probable amount the depositors will finally receive. B A N K O F M A D IS O N , M A D IS O N , A L A . Statement at Tim e of Failure, October 23, 1923  RESO U RC ES  L IA B IL IT IE S  Loans and D iscounts------------$141,884.19 Overdrafts --------------------------56.97 U. S. B onds___ -____________ 386.81 Furniture and Fixtures-------1,800.00 1,929.24 Cash _______________________ Cash Item s_________ _____— 940.49 Due from Banks........ ............542.31 Cash Short_________________ 10.36  Capital --------------------------$ 10,000.00 Undivided Profits ___________ 372.77 Cashier’s Checks____________ 367.73  Total _____ ____ -...................$151,600.37  Total ...................................... $151,600.37  Individual D eposits__ ______  Savings D eposits____________ Bills Payable------------------------  Cash Items____________  67,300.27 13,727.50 59,596.65 235.45  Officers at Tim e of Failure  G. T. G. Riddle, Vice-President.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  W . Wise, President. Harry Riddle, Cashier.  16  ANNUAL REPORT FOR 1924  On October 23, 1923, this bank was taken over for liquidation by order of the Banking Board. The bank had been under criticism by the Banking Department for a period of several years, during which time many promises were made, but few were kept. The officers of the bank, particu­ larly its vice-president, Mr. T. G. Riddle, made false statements to the Bank Examiners and false entries on the books of the bank so that the Banking Department was deceived and led to believe that the bank was solvent. Reports rendered to the Banking De­ partment were also falsely sworn. The vice-president borrowed heavily and formed companies apparently for the purpose of deceiving the Banking Department as to the amount of his liability. Tw o or three months before the bank was closed, the Superintendent became convinced that the loans of the vice-president were of doubtful value and determined to demand that security be placed in his hands for the protection of the depositors. This position was taken against the advice of the examiner who had last examined the bank. The Superintendent personally went to Madison and secured from Mr. Riddle a personal mortgage on real estate for the protec­ tion of the depositors. Owing to the urgency of the situation there was not time to properly appraise the property covered under the mortgage and to ascertain whether there were prior liens. From the statements made to the Superintendent by Mr. Riddle with ref­ erence to the property it would seem that the depositors had ample protection after the execution of the mortgage. But the mortgage proved to be practically worthless. The Superintendent was also convinced that the active head of the bank, Mr. T. G. Riddle, was not the proper person to conduct its affairs, and insisted that a responsible banker be placed in charge. Mr. J. C. Slone was employed by the bank upon the ap­ proval of the directors. However, the affairs of the bank continued to be conducted in violation of the law and Mr. Slone was not per­ mitted to have any voice in its management. Mr. Slone discovered that Mr. Riddle was making false entries and certain transactions indicated that funds were being embezzled. The Superintendent was informed of this fact and the bank was summoned before the Banking Board. It was taken over for liquidation by order of the Banking Board on October 23, 1923. After the bank was taken over the fact that false entries had been made was verified. False reports had been sworn to, and a large amount had been embezzled. Warrants were sworn out for Mr. Riddle’s arrest, he was con­ victed and sentenced from eight to ten years, and he is now serving his term at Camp Kilby. Mr. Riddle tried to evade the penalty for his crimes that led to the failure of the bank. He so poisoned the minds of some of his friends against the Superintendent that suit was brought against   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  17  him. They also secured an indictment and caused the arrest of the Superintendent. This suit would not have been brought and the indictments would not have been secured, in the Superintendent’s opinion, if he had failed in his duty by dropping the prosecution against Mr. Riddle. Four grand juries failed to indict; but the fifth secured an indictment against the Superintendent for receiving deposits within ten days before the failure of the bank, knowing the bank to be insolvent. You can conceive the venom used to secure the indictments, when it is a known fact that the Superintendent was not in many miles of Madison for several weeks before the bank was taken over. His only connection with the bank was in a supervisory capacity as Superintendent of Banks. If the Superintendent is guilty of vio­ lating the law in this instance, every Superintendent of Banks of every State and the Comptroller of the Currency may be equally guilty whenever an insolvent bank has been closed. No dividends have been paid. Our liquidating agent advises us that probably not more than 15% will be paid after all of the assets have been collected.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  18  ANNUAL REPORT FOR 1924  F A R M E R S S A V IN G S B A N K , M A R B U R Y , A L A . Statement of Condition at the Time of Failure, January 7, 1924  RESOU RCES  L IA B IL IT IE S  Loans and Discounts_______$ 52,016.81 Capital Stock______________ $ 11,100.00 Overdrafts ________________ 3,044.79 Surplus ............. 3,700.00 Stocks and Bonds________ 1,085.00 Undivided Profits___________ 915.02 1,527.67 Individual Deposits________ 28,585.00 Furniture and Fixtures......... Due from Banks____________ 7,587.27 Savings Deposits___________ 23,463.01 Cash and Cash Items............. 4,208.64 Certificates of Deposit______ 1,707.15 Total  ___ $ 69,470.18 i  Total ___________________ $ 69,470.18  Officers at Time of Failure  L- Johnson, President.  A. T. Rudder, Cashier.  This bank was taken over by the Superintendent of Banks fol­ lowing the death of its cashier. The bank was what is known as a one-man bank; that is, one man had the entire responsibility of conducting its affairs. A dividend of 50% has been paid and a final dividend will be paid as soon as the remaining assets can be converted into cash. BANK OF N EW TO N , N EW TO N , ALA. Statement at Time of Failure, January 11, 1924  RESOU RCES  L IA B IL IT IE S  15,000.00 Loans and Discounts______ ..$ 44,643.57 Capital Stock 2'500.00 Undivided Profits_________ L940.48 Banking House___________ 1,275.00 Individual Deposits_______ _ 19,575.57 Furniture and Fixtures____ 350.00 Savings Deposits Other Real Estate ___ ... 2,651.97  Cash Items---------------- -----Due from Banks__________ Personal Property... -----Total __________________  1,809.58 Certificates of Deposit 140.00 Bills Payable_______ __ ___ _ 1,582.99 715.84 53,016.98  Total  L654.90 io 'ooo.oo  __________________ .$ 53,016.98  Officers at Time of Failure  F. L. Mullins, President J. E. Mullins, Vice-President. J. H. Williams, Vice-President. E. D. King, Cashier. M. E. Applewhite, Assistant Cashier.  This bank was forced to close on account of non-liquid assets and a lack of proper management. It was taken over by the Super­ intendent of Banks on a resolution of its directors. The bank had been under criticism by the Banking Depart­ ment for some time. If the directors had not turned the bank over for liquidation, the Banking Board would have given the Superin­ tendent instructions to liquidate it.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  19  A shortage of approximately $5,000 was discovered by an audit, and claim has been filed with the National Surety Co. on the bond" of the cashier. Due to a lack of proper records, a complete proof of loss could not be made. The National Surety Co. has offered a compromise of $3,000, which, in view of inadequate proof, the Banking Department considers fair and reasonable. However, a committee representing the depositors objected to the acceptance of the compromise and the Banking Department deferred to their wishes. This matter is now in process of adjustment. Our liquidating agent, Mr. S. T. Jones, is of the opinion that from 33 1-3% to 50% will be paid the depositors from the assets, depending upon the settlement of the bond and some doubtful assets. B A N K O F O D E N V IL L E , O D E N V IL L E , A L A . Statement at Time of Failure, June 18, 1924  RESOU RCES  L IA B IL IT IE S  Loans and Discounts______ $ 50,873.92 Capital Stock________ ______$ 1,562.47 Undivided Profits___ ______ Overdrafts -----------------------50.00 Due to Banks__ ______ U. S. Bond______________ Banking House, Furniture Individual Deposits__ ....... . 3,000.00 Savings Deposits_____ ______ and Fixtures------------------Other Real Estate________ 5,835.00 Cashier’s Checks_____ _____ 179.97 Time Certificates_____ _____ Cash __ ____ ______________ Cash Items_____ __________ 243.30 Bills Payable________ .......... Total —---- ---------------------- $ 61,744.66  15,000.00 1,012.50 614.30 14,304.35 257.00 1,444.42 11,112.09 18,000.00  Total .................... .... _____ $ 61,744.66  The Officers at Time of Failure W ere  B. S. Hodges, President. J. L. Hamilton, Vice-President.  J. L. Maddox, Vice-President.. J. M. Mize, Cashier.  Mismanagement and lack of sufficient business caused the failure of this bank. Believing the bank to be in an unsafe and unsound condition, the Superintendent summoned it before the Banking Board on June 17, 1924. The president and three directors appeared in answer to the summons. Feeling sure that the Banking Board would take the bank over for liquidation when the facts were made known to them, the Super­ intendent sent Bank Examiners Montgomery and McWilliams to Odenville on the date of the meeting of the Banking Board. Several complaints had been made against the bank on account of delay in securing returns on cash letters and collection items. The president told the Banking Board that the bank had ample reserve; that all items had been remitted fo r ; that overdrafts had been reduced to a minimum and that, if allowed to remain open, the bank would properly function.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ANNUAL REPORT FOR 1924  20  The above statements were accepted at their face value by the Banking Board. But the examiners had been instructed to make an examination and report to the Superintendent. Their report was received by long distance on the night of the 17th and showed that the bank had less than $200 in cash. Their accounts with corre­ spondent banks were overdrawn over $600. Overdrafts amounted to over $1,500, including overdrafts of Hodges Bros., $3.37; Cahaba Cooperage Co. (a corporation of B. S. Hodges), $1,108.10; Happy Feed Co. (partnership of B. S. Hodges), $55.18; Hodges Bros. Cot­ ton Account, $188.91, and a small overdraft of Director M. A. W er­ ner. Something like one hundred items were held in the bank for which remittance had not been made. Many items had not been entered on the books, but were placed in pigeon holes and had been held for several months. You can see from the above that the president deliberately falsified with reference to the condition of the bank and that the three directors either made false statements, or were ignorant of the condition of the bank and were taking the president’s state­ ments as the truth. It also seems that the president of the bank used the bank largely to further his own interests. The directors at the request of the Superintendent and the Bank Examiners passed a resolution turning the bank over to the Superintendent for liquidation on June 18, 1924. The grand jury has returned indictments against the president  and cashier for receiving deposits ten days before the failure of the bank, knowing it to be insolvent. It is our opinion that the cashier had no voice in the active management of the bank, but acted under the direction of the president. A claim has been filed against the bond of the president. Our liquidating agent advises us that the losses in the assets are very large. He is unable to estimate the amount that the depos­ itors will receive, but states they will receive very little. A great deal depends upon a recovery on the bond of Mr. Hodges and the value of loans to the concerns of Mr. Hodges amounting to between seven and eight thousand dollars.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  21  SUMMARY OF THE CONDITION OF 253 BANKS AND 19 BRANCHES ON THE CALL OF OCTOBER 22, 1924 Resources Loans and Discounts_______________________________ $ 98,810,437.28 Overdrafts _________________________________________ 199,338.86 1,624,110.26 United States Bonds_______________________________ Other Bonds, Stocks and Warrants____ ______________ 8,966,735.22 Banking House, Furniture and Fixtures____________ 3,914,452.84 Other Real Estate_________________________________ 2,092,353.22 Cash in Vaults______________________________________ 5,017,418.57 Due From Banks______________________ ...___________ 22,429,655.08 Exchanges for Clearing Houses andCash Items______ 1,230,421.93 Collections in Transit______________________________ 1,111,557.25 Other Resources __________________________________ 296,214.58 T o ta l________________________  $145,692,695.09  Liabilities Capital Stock ______________________________________$ 13,280,300.00 Surplus ___________________________________________ 6,643,853.24 Undivided Profits and Reserves_____________________ 3,860,402.67 Demand Deposits _________________________________ 73,470,042.38 Time Deposits ----- ...------------------------------------------------- 41,643,327.55 Bills Payable --------------------------------------------------------4,586,057.72 Rediscounts-----------------------------------------------------------1,243,167.52 Other Liabilities --------------------------...________________ 965,644.01 T o ta l__________________________________________$145,692,695.09 During the year ending October 22, 1924, the State banks of Alabama have paid in dividends $1,270,304.29 to approximately 132,800 stockholders. This is an average of 9.56% on the original investment of $100 per share. In addition to average dividends of over 9%, the original in­ vestment has increased about 80%, so that the original investment of $100 has increased in value to $180. During the year $1,579,377.19 has been paid to savings depos­ itors as interest, the average rate being 3.7926%.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  22  ANNUAL REPORT FOR 1924  A great banker has said that “ the only excuse for a bank being in existence is its service to the public.” It is quite true that a bank could not exist unless it rendered service. The State banks have not only rendered service too great to be estimated, but you will perceive from the above that they have very materially con­ tributed to the income and wealth of Alabama. On October 22, 1924, 130,000 depositors had savings accounts with the State banks amounting to $41,643,227.55, which is an aver­ age of about $320 for each account. There were 295,000 checking accounts totaling $73,470,042.38, about $250 for each account.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  23  BANKS WHOSE SWORN REPORTS AS OF OCTOBER 22, 1924, SHOW NO OVERDRAFTS Alexander City •_______Alexander City Bank Ariton _________________ Ariton Banking Co. Ashland _______________ Farmers State Bank Athens_________________ Citizens Bank & Trust Co. Bayou La Batre_________Bank of Bayou La Batre Belle M in a_____________ Belle Mina Bank B erry__________________ Bank of Berry Birmingham____________Industrial Savings Bank Camp Hill______________ Bank of Camp Hill Castleberry ____________ Peoples Bank Centreville _____________ Peoples Bank Columbiana ____________ Columbiana Savings Bank Cordova _______________ Citizens Bank & Trust Co. Cragford ______________ Cragford Bank Dadeville ______________ Sturdivant Bank Elkmont _______________ .Citizens Bank & Trust Co. Evergreen _____________ Peoples Bank Geneva ________________ Citizens Bank Goodwater _____________ Peoples Trust & Savings Bank Hurtsboro _____________ Farmers & Merchants Bank Jasper _________________ Jasper Trust Co. M idw ay________________ James & Midway Banking Co. Millport _______________ Millport State Bank M oundville_____________Bank of Moundville No. Birmingham________ North Birmingham Trust & pavings Bank No. Birmingham_______ Security Trust & Savings Bank Parrish ________________ Bank of Parrish Phenix C ity____________Phenix-Girard Bank Pinckard_______________ Peoples Bank Pittsview ______________ Bank of Pittsview Rockford ___________ i__ Bank of Rockford Samson ________________ Farmers & Merchants Bank Selma _________________ City Savings Bank Selma _________________ Selma Trust & Savings Bank Silverhill ______________ State Bank of Silverhill Standing Rock_________ Bank of Standing Rock Troy __________________ W. B. Folmar & Sons, Bankers Verbena _______________ Bank of Verbena Warrior _______________ Bank of Warrior   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  24  ANNUAL REPORT FOR 1924  THE FOLLOWING IS A LIST OF BANKS HAVING SURPLUS AND UNDIVIDED PROFITS EQUAL TO OR GREATER THAN THE CAPITAL STOCK. SUCH BANKS ARE GENERALLY KNOWN AS HONOR ROLL BANKS  Capital Alexander City—Alexander City Bank______$ 55,000 Aliceville—Aliceville Bank & Trust Co_____ 40,000 Albertville—J. F. Hooper, Banker__________ 25,000 Auburn— Bank of Auburn_________________ 25,000 Birmingham— Steiner Bros., Bankers___ ____ 100,000 Brewton— Farmers & Merchants Bank______ 35,800 Brewton— Bank of Brewton________________ 50,000 Carbon Hill— Citizens Bank_______________ 25,000 Carrollton— Bank of Carrollton_____________ 25,000 Cedar Bluff— Cedar Bluff Bank____._______ 16,500 Clanton— Peoples Savings Bank____________ 15,000 Clayton— Clayton Banking Co______________ 50,000 Cordova— Cordova State Bank_____________ 15,000 Decatur— Tennessee Valley Bank___________ 225,000 Demopolis— Robertson Banking Co________ 125,000 Dora— Dora Banking Co___________________ 25,000 Dothan— Dothan Bank & Trust Co________ 60,000 Ensley— Bank of Ensley____________________ 100,000 Enterprise— Enterprise Banking Co------------- 50,000 Eutaw— Merchants & Farmers Bank..._____ 55,000 Evergreen— Peoples Bank_________________ 100,000 Faunsdale— Watkins Banking Co__________ 50,000 Fayette— Citizens Bank_____________________ 60,000 Gaylesville— Bank of Gaylesville____________ 12,500 Geneva— Citizens Bank_____________________ 50,000 Greenville— Bank of Greenville_____________ 100,000 Guin— Marion County Banking Co_________ 25,000 Hackleburg— Bank of Hackleburg__________ 10,000 Hanceville— Merchants Bank----------------------- 10,000 Hartselle— Bank of Hartselle______________ 25,000 Huntsville— W . R. Rison Banking Co---------- 100,000 Jackson—Jackson Bank & Trust Co----------- 29,000 Jasper—Jasper Trust Co----------------------------- 50,000 Kennedy— Bank of Kennedy----------------------- 15,000 Lexington— Bank of Lexington_________ ___ 15,000 Livingston— Bank of Sumter_______________ 30,000 Luverne;— Farmers Bank---------------------------- 25,000 Marion— Marion Central Bank-------------------- 50,000 Marion— Peoples Bank------------50,000   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Surplus and Profits $117,560.92 41,139.55 79,684.42 39,265.14 230,761.79 43,443.70 61,057.25 28,303.46 26,220.63 24,033.94 70,084.38 54,283.56 18,406.13 313,017.81 144,569.96 36,332.47 63,222.25 176,651.34 79,444.52 60,938.45 166,619,68 50,142.34 64,936.79 25,075.84 129,331.15 134,064.23 45,292.74 13,203.35 18,914.95 29,827.64 144,581.17 29,608.28 110,852.90 22,410.37 16,279.41 56,854.19 58,429.09 150,035.76 78,414.42  STATE SUPERINTENDENT OF BANKS  Midway—James & Midway Banking Co____ $ 25,000 Mobile— Merchants Bank__________________ 500,000 Mobile— Peoples Bank_____________________ 300,000 Montgomery—Union Bank & Trust Co____ 100,000 Moulton— Bank of Moulton________________ 28,000 Moulton— Citizens Bank__________________ 15,000 N. Birmingham— N. B’ham Trust & Svgs Bk. 100,000 Notasulga— First Bank of Notasulga________ 15,000 Orrville— Orrville Bank & Trust Co________ 25,000 Phenix City— Phenix-Girard Bank__________ 25,000 Roanoke— Roanoke Banking Co____________ 200,000 Robertsdale— Robertsdale State Bank_______ 10,000 Selma— Selma Trust & Savings Bank_______ 100,000 Springville— Bank of Springville___________ 10,000 Thomaston— Planters Bank & Trust Co____ 15,000 Troy—W . B. Folmar & Sons, Bankers______ 50,000 Troy— Troy Bank & Trust Co______________ 50,000 Tuskegee— Bank of Tuskegee______________ 50,000 Tuskegee— Macon County Bank_____________ 50,000 Uniontown— Planters & Merchants Bank___ 80,000 Wadley— Bank of Wadley_________________ 32,500 W est Blocton—W est Blocton Savings Bank 25,000 Winfield—Winfield State Bank____________ 15,000 Woodlawn— Woodlawn Savings Bank______ 25,000   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25  $ 28,577.67 651,092.13 302,115.19 143,590.27 39,261.56 22.848.01 105,286.61 32,569.89 31,073.44 30,105.61 244,080.49 16,103.21 128,725.12 14,277.60 17.433.15 95,909.40 56.692.15 79,994.48 119,120.17 106,141.32 36,747.88 51.451.01 25,474.25 49,709.03  ANNUAL REPORT FOR 1924  26  LETTER SENT TO ALL STATE BANKS ON JUNE 9, 1924  To the Officers and Directors of the State Banks of Alabama: W e have been advised that there are certain State banks that are issuing certificates of deposit bearing 4% interest and paying the customer in cash a bonus of 2% in an effort to conceal the fact that they are paying exceeding 4% on time deposits. In our opinion, no man is worthy of being a banker that is guilty of such acts. W e request each State bank in Alabama to pass a resolution that on and after December 1, 1924, they will not directly or indirectly pay exceeding 4% interest on any form of deposit. This is to advise that if we do find any bank paying exceeding 4% interest after December 1, next, I shall feel it my duty to use every means at my command to have such officer or employe of the bank who agrees to pay or does pay more than the rate mentioned discharged and put out of the banking business in this State. Failing in this, I shall summons the bank before the Banking Board to show cause why the bank should not be liquidated as provided by law. For the past year I have to the best of my ability tried to impress upon the officers and directors of State banks the import­ ance and duty of a director. A director in the meaning of the law is not the mere figurehead he so often proves himself to be, and that fact will manifest itself forciby should any real trouble befall his institution. From recent experience with some directors, we found that they did not in the proper manner fill their responsibility and accountability as directors. A director’s accountability to the stock­ holders and depositors of his bank is greater than that of any official of the State Banking Department. The duty of a director is to audit the bank’s books and records; that of an examiner is to satisfy himself that the books of original entry are correct, and that the assets found in the bank equal the amount shown by the books, also to report such other matter of interest or of unusual nature to the superintendent of banks. It is the duty of a director to know the condition of his bank. An audit of a bank is a duty resting upon the directors and the bank’s self-appointed examining committee, and, if for any reason they cannot perform such duty, they should see to it that a complete audit of the bank be made at least once each year by a qualified accountant. The examinations which we make are for the informa­ tion of the State Banking Department, which represents the interests of the public and not primarily for the officers and directors of the institution. As stated before, we have endeavored to impress upon the directors the importance of their office and their accountability, under the law, for the proper management of their bank. Numerous cases may be cited wherein the courts have held directors personally liable for losses to stockholders and depositors and, unless it can be   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  27  clearly shown that great care and diligence have been exercised by them in the performance of their duties, directors may be facing grave danger. W e request that this letter be submitted to your Board of Directors at their next meeting and a record made on the minutes to that effect. You will please acknowledge receipt of this letter. Yours very truly, A. E. JACKSON, Superintendent of Banks. P. S. For your information we are enclosing citations of court decisions bearing upon the personal liability of bank directors ap­ pearing in the Rowley Service Bureau, Bankers’ Semi-Weekly Serv­ ice of June 30, 1923. Citations of Courts In a Missouri case, Lyons vs. Corder, 162 S. W . Rep. 606, 235 Mo. 539, the court held that: “ Directors of a bank who failed to perform their duty in allowing the cashier to assume the entire management of the bank were liable for the loss sustained by the embezzlement of the cashier.” In a Pennsylvania case, Delvan vs. Moore, 130 Pa. 35, the court held that: “ Bank directors are liable for losses occurring in the adminis­ tration of a bank’s affairs, which might have been avoided by the exercise of that care that a prudent man would have exercised under the same circumstances.” In the case of Camden vs. Virginia Safe Deposit & Trust Co., reported in 115 Va. 20-78 S. E. 596, the court said: “ A director of a bank is a trustee not only for the stockholders but for depositors and is bound to perform his duties with the utmost good faith.” In the case of Elliott vs. Farmers Bank of Phillipi, 61 Vs. 641, 57, S. E. 242, the court stated the rule as follow s: “ The relation of officers and directors of a corporation, and especially of a bank, to stockholders and creditors, is that of trustee to cestui que trust. If by their gross mismanagement and negligence a loss is incurred, they will be rendered liable therefor to the stock­ holders and creditors. Directors and officers will not be relieved from liability for loss due to mismanagement on account of ignorance or want of knowledge of those matters which it is their duty to know and if they negligently intrust such matters to others, the loss occurring thereby should fall on them and not on confiding stock­ holders and depositors.”   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  28  ANNUAL REPORT FOR 1924  In the case of Bailey vs. O’Neil, 92 Ark. 329, 122 S. W . 503, the court held that: “ When directors negligently allowed a cashier to loan excessive sums to one man in his various enterprises without substantial se­ curity, resulting in the insolvency of the bank, the directors were personally liable to creditors becoming such during the period of such loans.” In the case of the Bank of Des Arc vs. Moody, 161 S. W . 134, 110 Ark. 39, the court held that: “ Directors of a bank negligently allowing the cashier to make bad loans, resulting in the insolvency of the bank, were liable to the stockholders for their negligence.”   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  29  LETTER OF SUPERINTENDENT OF BANKS UNDER DATE OF NOVEMBER 29, 1924  To the Bank Addressed: Experience has convinced me that at certain seasons it is advisa­ ble for banks to borrow money, and that borrowed money can be used to make a profit for the bank. But with banks, as well as with firms and individuals, the borrowing of money in large amounts at times reflects an extended condition, and occasionally leads to disas­ ter. Consequently, there must be some point where wisdom in bor­ rowing money ceases, and the borrowing of additional money is imprudent. Officers in many large and successful banks say that a bank should not, except under unusual circumstances, borrow or redis­ count more than its capital, surplus and profits. This rule might not apply to all banks. But, after careful study, I have reached the conclusion that, as a general rule, it is very unwise for a bank to borrow or rediscount more than its capital investment. I do not think it well at this time to make a requirement that no State bank in Alabama shall borrow more than its capital, surplus and profits; but I do request that State banks endeavor to so ar­ range their affairs for 1925 that it will not be necessary for them to borrow more than this amount. If any bank believes that it is to their best interest to borrow more than its capital investment, I would appreciate their writing this Department. W e will then go into the situation thoroughly and if it seems best to borrow more than the above mentioned limit, I will be glad to approve the action. However, unless it is taken up with this Department in advance of the borrowing, or unless there is some good and sufficient reason why the limit was exceeded in an unforeseen emergency, we shall be inclined to place the bank on our special list for frequent examina­ tions. This position is taken because, as a general rule, we consider a bank in an extended condition, if not actually in an unsafe condi­ tion, that is compelled to borrow more than its capital investment.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Yours very truly, A. E. JACKSON, Superintendent of Banks.  30  ANNUAL REPORT FOR 1924  PERSONNEL OF BANKING DEPARTMENT Banking Board W . W . Crawford_____________________________________________ _______ President American Trust & Savings Bank, Birmingham F. P. Folmar_______ ...Cashier W . B. Folmar & Sons, Bankers, Troy A. E. Jackson______________ Superintendent of Banks, Montgomery A. E. Jackson______________ Superintendent of Banks, Montgomery C. R. Keener----------------------------------------------Assistant, Montgomery J. E. Freeman______________________________Examiner, Montgomery H. L. McCain_____________________________Examiner, Montgomery A. B. McWilliams_______________________________ Examiner, Athens W . H. Montgomery______________ _________ Examiner, Birmingham M. A. O ’Dom____________________________________ Examiner, Selma Miss Evelyn Powell___________________ Stenographer, Montgomery Miss Eunice Long_____________________Stenographer, Montgomery   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE SUPERINTENDENT OF BANKS  31  RECEIPTS AND DISBURSEMENTS DURING THE YEAR ENDING SEPTEMBER 30, 1924 Receipts From Federal Reserve Bank, Atlanta, for furnishing copies of examinations of member banks____________________$ 110.00 Miscellaneous __________________________________________ 26.50 Filing fees attached to applications for charters__________ 900.00 Unclaimed deposits from liquidated banks_______________ 59.89 Fees from special examinations__________________________ 1,137.50 Assessments _________________________ :_________________ 18,969.13 Refund on telephone account____________________________ 2.95 Total________________________________________________ $21,205.97 Disbursements Per diem of Banking Board______________________________ $ 675.00 Traveling Expenses ofBanking Board__________________ 204.40 Traveling Expenses ofSuperintendent and Examiners___ 7,615.46 Salaries ________________________________________________ 24,135.00 Postage ------------------------------------------------------------------------400.00 P rinting________________________________________________ 846.41 Stationery and office supplies_____________________________ 204.44 Telegraph and telephone________________________________ 223.75 Officials bonds__________________________________________ 297.50 Miscellaneous __________________________________________ 96.99 Total_   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ___ $34,778.95   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATEMENTS OF CONDITION OF THE  S T A T E B A N K S IN A L A B A M A ON THE CALL OF OCTOBER 22, 1924 (253 Banks and 19 Branches reporting)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  34  ANNUAL REPORT FOR 1924  ALABAMA CITY— ALABAMA CITY BANK C. B. Forman, President Lee Freibaum, Vice-President  E. E. McLendon, Cashier  R. A. Bum s, Vice-President  Miss M. G. Farrar, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_____ ___ $  114,743.95 Capital Stock paid in________$  Overdrafts ___________________ Other  Bonds,  Stocks  10.88 Surplus Fund_________________  and  Undivided  W arrants __________________ Furniture and Fixtures______  100.00  ________________________  Due from Banks_____________  4,000. 00  E x­  penses and Taxes paid____  249.68  250.00  est ________________________  758.84  8,102.15 Demand Deposits_____________  85,350.35  20,874.04 Time  Checks and Cash Items______  80.10  Cash Items in Transit_______  2.00  Total ______________________ $  less  2,932.30 Reserve for Taxes and Inter­  Other Real Estate___________ Cash  Profits  25,000.00  147,095.42  D eposits_______________  Total ______________________ %  31,736.55  147,095.42  ALBERTVILLE— J. F. HOOPER BANK A. B. Hooper, Jr., President  W . B. Hooper, Cashier  RESOURCES Loans and Discounts................ %  LIABILITIES 220,221.44 Capital Stock paid in------------? 6.18 Surplus  Banking  75,000.00  2,140.66 Undivided Profits less E x ­ 1,236.40 penses and Taxes paid_____ 3,956.93 Individual Deposits__________  111,922.46  17,820.71 Notes and Bills Payable-------  50,000.00  House.................  Furniture and Fixtures........— Other Real Estate................. Cash Due  __________ from  Banks-------  4,684.42  19,807.88  Checks and Cash Items..........  T o ta l __________ _____________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25,000.00  Fund________________  O v e rd ra fts........ ........................ —  1,416.68  266,606.88  T o ta l ________________________ $  266,606.88  STATE SUPERINTENDENT OF BANKS  35  ALICEVILLE— ALICEVILLE BANK & TRUST COMPANY J. C. Maxwell, President A. L. Harlan Vice-President H.  L. M. Willis, Cashier  Herzfeld, Vice-President  J. B. Ford, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts________ $ U. S. Bonds, Certificates of Indebtedness, and W. S. Stamps ____________________  296,916.61 Capital Stock paid in________ $ Surplus 21,470.00  Fund_______________  Undivided Profits less E x ­ penses and Taxes p a id ____  56,560.92  Other Bonds, Stocks and W arrants .... .............................  Reserve for Taxes and In­ 43,988.55 terest ___ Banking House__________________ 2,000.00 Demand Deposits.. ............. Furniture and Fixtures______ 1,125.00 Other Real Estate____________  15,394.00  Cash ....  19,722.76  Due from Banks..................  89,797.32  Checks and Cash Items______  Total  ________ $  55,000.00 55,000.00  6,000.00 316,654.71  1,350.32  489,215.63  Total  $  489,215.63  ALICEVILLE— ALICEVILLE BANK & TRUST COMPANY J. V. Park, President J. M. Summerville, Vice-President  J. A. Somerville, Jr., Cashier  C. R. Horton, Vice-President  S. H. White, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ___________________  267,624.00 Capital Stock paid in............... $ 493.24 Surplus Fund________  Other Bonds, Stocks and W arrants __________________  Undivided Profits less E x ­ 2,572.00 penses and Taxes paid_____  Banking House_______________  Cash ________________________  14,200.00 Reserve for Taxes and In­ terest .................. 5,800.00 Demand Deposits..................... 2,201.65 Time Deposits.............................. 19,722.76  Due from Banks_____________ Checks and Cash Items_______  89,797.32 328.94  Cash Items in Transit________  2,902.70  Other Resources______________  429.71  Furniture and Fixtures_______ Other Real Estate____________  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  406,072.32  T ota l  40,000.00 20,000.00 18,639.55 2,500.00 212,072.19 112,860.58  $  406,072.32  ANNUAL REPORT FOR 1924  36  ALICEVILLE— MERCHANTS & FARMERS BANK F.  B. Carpenter, President W. S. Kirksey, Cashier  D. E. Day, Vice-President  RESOURCES  L IA B I L I T IE S  165,993.77 Capital Stock paid in________$  Loans and Discounts------------- $  6.99 Surplus Fund_________________  Overdrafts ___________________ Banking House_______________  3.800.00 Undivided  Furniture and Fixtures______  1.544.00  Other Real Estate____________  3,874.79 Demand  Profits  less  25.000.  E x­  penses and Taxes paid_____ Deposits____________  8,063.50 127,821.26  Cash _________________________  15,516.30 Time Deposits________________  34,866.59  Due from Banks______________  35,015.50 Notes and Bills Payable......... .  25.000.  Total ______________________ $  225,751.35  Total ------ ---- ---------------------- $  225,751.35  ALTOONA— FIRST STATE BANK OF ALTOONA T. R. Bynum, President W . Hooper, Vice-President  C. S. Hardin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ___________________  92,549.90 Capital Stock paid in____ ____ $ 775.70 Surplus Fund_________________ Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Stamps ________________  Furniture and Fixtures........... ___  5,000.00  E x­ ....  97.16  6,582.00 Demand D eposits.................  72,836.39  9,600.00 Tim e Deposits____ ___  79,218.79  6,000.00  51,963.81  Checks and Cash Item s______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25,000.00  14,651.52  Due from Banks_________  T ota l  less  penses and Taxes paid  S.  Banking House_________  Cash  Profits  .$  29.41  182,152.34  T ota l  00  5,000.00  _____ $  182,152.34  00  STATE SUPERINTENDENT OF BANKS  37  ANNISTON— CITY BANK & TRUST COMPANY H. H. Montgomery, President C.  J. Houser, Chairman o f Board  O. M. Alexander, Vice-President  Fred R. Martin, Cashier  W hitfield Clark, V ice-President  W . L. Hawkins, Assistant Cashier LIABILITIES  RESOURCES  391,751.25 Capital Stock paid in__ _____$  Loans and Discounts_______ Overdrafts _________________ U. S. Bonds, Certificates o f Indebtedness and W . S. Stamps ____________________ Other Bonds, Warrants __  Stocks  10, 000.00  Undivided Profits less E x ­ penses and Taxes paid_____  980.85  150.00  and 20,635.14  Banking H ouse---------------  30,000.00  Furniture and Fixtures—  7,627.63  Other Real Estate_______  46,419.58  C a s h -------------------------------  22,256.69  Due from Banks---------------------  18,741.25  Exchanges for Clearing House  742.15  Checks and Cash Items—-.____  26.68  Cash Items in Transit________  315.00  Other Resources______________  650.00  Total __  150,000.00  196.76 Surplus Fund_________________  539,512.13  Reserve for Taxes terest —  and In­ 450.01 269,452.36  Demand Deposits ___________ Time D e p o s its _______________  33,628.91  Notes and Bills Payable.  75,000.00  Total  $  539,512.13  ARAB— BANK OF ARAB Hogan Jackson, President  Joseph J. Bain, V ice-President and Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts  95,223.06 Capital Stock paid in_________$  25,000.00  __________________  70.63 Surplus Fund_________________  1,500.00  Furniture and Fixtures_______  1,613.56 Undivided Profits less E x ­ penses and Taxes paid_____ 30,978.56 Demand D e p o s it s ___________ 45,850.46 Time Deposits _______________ 25.00 Other Liabilities______________  106,899.54  Cash  ________________________  Due from Banks______________ Other R e s o u r ce s _____________  Total ..   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  173,761.27  Total  159.29  40,194.07 8.37  $  173,761.27  ANNUAL REPORT FOR 1924  38  ARITON— ARITON BANKING COMPANY W yatt Barnes, President Y. E. Folsom, Cashier  Mansel Trawick, Vice-President  LIABILITIES  RESOURCES Loans and Discounts------------- $  141,326.20 Capital Stock paid in.—.......— $  39,000.00  Demand Loans on Cotton------  3,781.96 Surplus Fund___ _____________  8,000.00  Banking House___________  2,700.00 Undivided Profits  less  E x­  Furniture and Fixtures.......—  2,000.00  penses and Taxes paid_____  61.62  Other Real Estate____________  3,037.12 Demand Deposits_____________  67,916.75  Cash ______________________  5,923.07 Tim e Deposits________________  38,896.90  Due from Banks______________  6,537.37 Notes and Bills Payable______  15,000.00  Exchanges for Clearing House  47.65  Checks and Cash Items...........  66.35  Cash Items in Transit________  3,015.55  Other  Resources_____________  440.00  Total ______________________ |  168,875.27  Total ___ ________ __________ $  168,875.27  ASHFORD— FARMERS & MERCHANTS BANK W . W . Cook. President W . U. W ells, Cashier  W . E. Wells, Vice-President RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts Other  __________________  Bonds,  Stocks  87,132.81 Capital Stock paid in------------$ .10 Surplus  and  Fund________________  Undivided  W arrants __________________  6,746.84  Profits  less  30,000.00 6,000.00  E x­  penses and Taxes paid____  2,968.13  Banking House_______________  8,000.00 Demand  Deposits___ ________  100,133.14  Furniture and Fixtures.... ........  3,166.73 Tim e Deposits___ ____________  29,157.21  Other Real Estate.___________  2,000.00  Cash  ________________________  6,215.51  Due from Banks_______  54,923.21  Checks and Cash Items..........  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  73.28  $  168,258.48  T ota l  %  168,258.48  STATE SUPERINTENDENT OF BANKS  39  ASHLAND— FARMERS STATE BANK W. B. Nolen, President M.  W. Morgan, V ice-President  Ernest F. Ingram, Cashier  W . L. Runyan, Vice-President RESOURCES  L IA B I L I T IE S  Loans and Discounts------ ----- ?  139,546.61 Capital Stock paid in________$ 4,000.00 Surplus Fund _____ —  U. S. Bonds—Liberty ____  4.500.00 Undivided 1.250.00  Furniture and Fixtures... —  Profits  less  8,000.00 E x-  penses and Taxes paid_____  9,357.23 Demand Deposits ... .............. 28,419.08 Time D e p o s its ____ —  Due from Banks... ________  Total ___________________ -  *  189,078.41  310.98 91,623.10 54,144.33  2,005.49 Notes and Bills Payable...........  Checks and Cash Item s___  15,000.00  Total ____________ — ..... - ...... $  20,000.00  189,078.41  ASHVILLE— ASHVILLE SAVINGS BANK J. L. Herring, President J. C. Dubois, Cashier  W. A. Beason, Vice-President RESOURCES  L IA B I L I T IE S  Loans and Discounts------------? O v e r d r a ft s __________________ U. S.  88,987.80 Capital Stock paid in------------- $ 2.70 Surplus Fund_________________  Bonds, Certificates of  Indebtedness  less  9,000.00  Ex  S.  penses and Taxes paid_____  3,431.25  300.00 Demand Deposits_____________  60,876.74  Bonds,  W.  Profits  S t a m p s ____________________ Other  and  Undivided  12,500.00  Stocks  Time Deposits__________________  and  W a r r a n ts __________________ Banking House_______________  2,500.00  Furniture and Fixtures_______  1,445.00  Other Real Estate____________  150.00  Cash ________________________  5,357.82  Due from Banks______________  14,101.76  Exchanges for Clearing House  879.46  Checks and Cash Item s______  270.82  T ota l ------------------------------------ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  42,687.37  14,500.00  128,495.36  T ota l ------------------------------------ *  128,495.36  40  ANNUAL REPORT FOR 1924  ASHVILLE— FARMERS & MERCHANTS BANK OF ASHVILLE W . A. Beason, President B. M. Teague, Vice-President  Perkins McLendon, Vice-President U. H. Prickett, Cashier  RESOURCES  LIABILITIES  Loans and Discounts.... ............$ Overdrafts ____________ Other Bonds, Stocks  and  W arrants ____________ Banking House....... .................... Furniture and Fixtures.......... Cash ________________________ Due from Banks______________ Checks and Cash Items______  Total _________ _________ ___ %  79,835.35 Capital Stock paid in..............$ 10.59 Surplus Fund________________ Undivided Profits less E x ­ penses and Taxes paid........... 18,000.00 6,300.00 Demand Deposits......... ................ 3,100.00 Time Deposits........... ...................... 7,929.71 9,400.29 160.75  124,736.69  Total .... ......... .............. ..... .... _$  15,000.00 3,000.00 2,254.15 72,813.86 31,668.68  124,736.69  ATHENS AND ELKMONT— CITIZENS BANK & TRUST CO. W m . S. Peebles, President Max M. Rosenau. Chairman of Board J. S. Crutcher, Vice-President  Chas. L. Williamson, Cashier  D. L. Rosenau, Sr., Vice-President  Piere I. Dawson, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  61,029.86 Capital Stock paid in_____ __ $ Surplus Fund ____________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Stocks  and  W arrants __________________ Banking House._______ Furniture and Fixtures______ Cash  Undivided 150.00  125,252.35  E x­  penses and Taxes paid_____ Reserve  for Taxes and In­  terest  _____________________  Due from Banks______ _____—  68,833.79  Checks and Cash Items______  1,656.54  Cash Short __________________  22.99  311.636.39  T o ta l ...  5,595.90  917.19 243,227.73  8,596.50 Time Deposits --------------------21,094.36   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  18,000.00  25,000.00 Demand Deposits ....  ________________________  Ttotal ___  Profits  30,000.00  .$  13,895.57  311,636.39  STATE SUPERINTENDENT OF BANKS  41  ATHENS— FARMERS & MERCHANTS BANK C. D. Glaze, President J. N. Howard, V ice-President  R. C. Martin, Cashier  W . J. Howard, Vice-President  M. J. Easter, Assistant Cashier  C. B. Beasley, Assistant Cashier RESOURCES  LIABILITIES  Loans and Discounts________$ O v e rd ra fts___________________ Other Bonds, Stocks and  644,421.12 Capital Stack paid in____ ___ $ 7,829.81 Surplus Fund __________________ Undivided Profits less E x ­  W a r r a n ts __________________ Banking House_______________ Furniture and Fixtures______ Other Real Estate____________ C a s h _________________________ Due from Banks______________ Due from Federal Reserve Bank ______________________ Exchanges for Clearing House Checks and Cash Items______ Cash S h o r t __________________  13,900.00 15,865.43 6,884.54 66,590.90 25,267.16 126,041.97  Total ----------------------------------?  penses and Taxes paid____ Demand D e p o s its ____________ Tim e Deposits _______________ Notes and Bills Payable_____ Notes and Bills Rediscounted  80,000.00 50,000.00 19,649.42 521,567.72 126,279.20 100,000.00 76,079.36  44,585.25 3,600.47 18,408.11 180.94 973,575.70  Total ______________________ $  973,575.70  ATMORE— BANK OF ATMORE J. E. McCoy, President E. F. Goldsmith, Cashier  W . R. Maxwell, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts __________________ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ____________________ Banking H ouse_______________  220,132.62 Capital Stock paid in.........._...$ 1,058.72 Surplus Fund __________ Undivided Profits less E x ­ penses and Taxes paid.......  50,000.00 20,000.00  75.00 Demand Deposits ____ 31,800.00 Time Deposits ______________  287,138.92 44,484.99  Furniture and Fixtures_______ Other Real Estate____________  5,280.42 2,212.69  Cash ------------------------------------Due from Banks______________ Exchanges for Clearing House  21,273.88 125,206.15 379.21  Cash Items in Transit________ Other Resources ___  731.95 2,490.41  T o ta l ...   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ...$  410,641.05  T otal __  ....$  9,017.14  410,641.05  ANNUAL REPORT FOR 1924  42  ATTALLA— ATTALLA BANK C. B. Forman, President E.  G. Lee, V ice-President  O. D. DuPre, V ice-President Nell Jo Gray, Cashier LIABILITIES  RESOURCES  235,141.49 Capital Stock paid in________$  Loans and Discounts_________$  65.03 Surplus Fund _______________  Overdrafts ___________________  6,401.01 Undivided  Cotton Accounts -----------------Other  Bonds,  Stocks  Profits  less  32,100.00 Reserve  00  25.000.  00  E x­  penses and Taxes paid.........  and  W arrants ----------------------------  50.000.  11,639.49  for Taxes and In ­  terest ______________________  4,732.84  3,755.50 Demand Deposits ____________  136,940.41  Other Real Estate____________  6,986.00 Time Deposits _______________  103,752.46  Cash —------------------------------------  11,478.23 Notes and Bills Payable______  30.000.  Due from Banks_____________  47,989.80  Checks and Cash Items______  4,148.14  14,000.00  Banking House ______________ Furniture and Fixtures---------  362,065.20  Total  Total  362,065.20  ATTALLA— MERCHANTS & FARMERS BANK Lamar Smith, President C. R. Shepherd, Vice-President  E. G. Norton, Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- $ Overdrafts ___________________  143,522.38 Capital Stock paid in_________$ .44 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  Profits  less  25,000.00 12,500.00  E x­  S.  penses and Taxes paid_____  4,451.25  Stamps -------------------------------  16,801.80 Demand Deposits ____________  90,565.34  Banking House ---------------------  3,500.00 Time Deposits _______________  96,777.27  Furniture and Fixtures----------  1,500.00 Cash Over ___________________  i.g i  Other Real Estate____________  1,990.59  Cash _________________________  12,372.43  Due from Banks---------------------  34,504.33  Checks and Cash Items---------  2,228.19  Cash Items in Transit________  6,054.73  Advance on cotton-----------------  6,820.58  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ____$  229,295.47  T o ta l  $  229,295.47  00  STATE SUPERINTENDENT OF BANKS  43  AUBURN— BANK OF AUBURN S.  L. Toomer, President  C. A. Carey, Vice-President  W . D. Martin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts ---------- ------ -----------  207,309.64 Capital Stock paid in_________$ 212.22 Surplus Fund _______________ Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Bonds,  Stocks  E x­ 23,949.95  --------------------------------  315.19  3,198.10 Demand Deposits ____________  176,560.85  2,300.00 Time Deposits _______________  58,516.43  terest  and  W arrants _______ Furniture and Fixtures______ Cash  less  12,800.00 Reserve for Taxes and In­  Stamps ____________ Other  Profits  penses and Taxes paid_____  S.  25,000.00 15,000.00  ________________________  14,446.38  Due from Banks---------------------  58,473.40  Exchanges for Clearing House  302.00  Checks and Cash Items— ......  300.68  Total ___________ __________ $  299,342.42  Total -------- ------------------------- $  299,342.42  AVONDALE— AVONDALE BANK & SAVINGS COMPANY J. B. Lassiter, President W ade A. Martin, Vice-President  J. Lew is Morris, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- $  Bonds,  W arrants  Stocks  and  7,942.65  6,101.46  ------------------------ ------------  5,265.75  Due from Banks___ _________  34,305.35  Other Resources __ __________  1,408.93   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  44,754.34  5,000.00 Time Deposits  --------------------------  T ota l  725.81  Demand Deposits  Furniture and Fixtures--------Cash  25,000.00  21.26 Undivided Profits ____  Overdrafts ___________________ Other  26,320.05 Capital Stock paid in...  $  78,422.80  T otal  .$  78,422.80  44  ANNUAL. REPORT FOR 1924  BAY MINETTE— BALDWIN COUNTY BANK W . D. Stapleton, President Jas. M. Boltz, Vice-President  C. C. Hall, Cashier  RESOURCES  LIABILITIES  Loans and Discounts—„— .—— $  472,556.27 Capital Stock paid in—..  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided Profits  Bonds,  Stocks  Time Deposits ......  and  50,000.00 28,000.00  E x-  2,700.00 Demand Deposits ... —  15,431.15 325,637.08  ________ _________  252,041.81  67,096.35  W arrants _______________ — Furniture and Fixtures___  less  penses and Taxes paid_____  S.  Stamps ............................... Other  __ $  .... ....  1,664.94 Surplus Fund ......  Overdrafts ---- ------------ -------  1,429.00  —  9,134.48  Other Real Estate________  22,773.35 92,328.94 Checks and Cash Item s—  _____  667.26  Cash Items in Transit____  __  759.45  Total ______________________ $  671,110.04  Total ______________ _______ $  671,110.04  BAYOU LA BATRE— BANK OF BAYOU LA BATRE L. E. Warner, President Frank E. Smee, Vice-President  Sallie Robby, Assistant Cashier G.  H. Bosarge. Cashier  LIABILITIES  RESOURCES  57,816.46 Capital Stock paid in________$  10,000.00  Furniture and Fixtures----------  2,154.90 Surplus Fund _______________  2,000.00  Cash _________________________  3,790.76 Undivided  Due from B a n k s --------------------  3,442.91  Loans and Discounts—.-----------$  Checks and Cash Items--------  T ota l  _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  E x­  paid------  174.69  20.10 Demand D e p o s its ____________  38,005.92  Time Deposits _______________  14,044.52  Notes and Bills Payable______  3,000.00  67,225.13  penses and Taxes  less  T ota l  ....$  67,225.13  45  STATE SUPERINTENDENT OF BANKS  BEATRICE— PEOPLES EXCHANGE BANK T.  M. Riley, President W . J. Mason, Assistant Cashier  W . R. Sawyer, V ice-President and Cashier  LIABILITIES  RESOURCES Loans and Discounts------------$ Overdrafts  -------------------------  57,225.12 Capital Stock paid in________ $  15,000.00  157.17 Surplus Fund ________...______  12,000.00  Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Bonds,  Stocks  W arrants  less  E x­  penses and Taxes paid...... 1,954.29  S.  30,050.00 Demand Deposits ____________  Stamps ___________________ Other  Profits  79,787.79  Time Deposits __________  and  46,587.50  10,150.00 Other Liabilities _____________  ____________  Banking House --------------  2,000.00  Furniture and Fixtures.......—  3,104.02  Other Real Estate____________  1,318.20  Cash  __  8,672.43  Due from Banks _____  42,191.58  Checks and Cash Items.........  360.86  Other Resources ___  107.50  Total ______________________ $  155,336.88  T otal  7.30  _____ ___ _______ ________ $  155,336.88  BELLE MINA— BELLE MINA BANK Clyde Hendrix, President B.  N. Bibb, Vice-President  H. B. Zeitler, Vice-President J. E. Hogan, Cashier  RESOURCES  L IA B I L I T IE S  54,638.04 Capital Stock paid in................$  Loans and Discounts_____  960.00 Surplus Fund _____  Banking House ___ _______  1,075.00 Undivided  Furniture and Fixtures.....  2,051.30  Cash .............................. .........  Profits  penses and Taxes  5,000.00 less  E x­  paid___  928.00  15,284.21 Demand Deposits _______  Due from Banks____ :........  32,743.81  22.84 Time Deposits .......  Checks and Cash Items..._  10,359.58  Notes and Bills Payable........  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  74,031.39  T ota l  10,000.00  15,000.00  .$  74,031.39  46  ANNUAL REPORT FOR 1924  BERRY— BANK OF BERRY J. C. Shepherd, President  O. I. Miller, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ____ ___$  132,896.66 Capital Stock paid in ________$  50,000.00  Banking House ______________  4,400.00 Surplus Fund ________________  3,400.00  Furniture and Fixtures...........  1,725.00 Undivided  Cash ..................................  Profits  less  E x­  11,533.36and Taxes paid____ penses  Due from Banks ...................  Total _____ ________________ $  5,679.39  53,687.70 Demand Deposits ______________  72,705.18  Time Deposits _________________  72,458.15  204,242.72  Total  ----------------------------$  204,242.72  BESSEMER— BESSEMER TRUST & SAVINGS BANK Geo. Ross, President A. M. Grimsley, Chairman o f Board S. G. Kennedy, Vice-President  J. M. Eagan, Cashier  RESOURCES Loans and Discounts------------- ? Overdrafts  LIABILITIES 195,220.84 Capital Stock paid in________$ 902.63 Undivided  -------------------  Profits  less  60,000.00  E x-  penses and Taxes paid_  .  1,343.94  500.00 Demand Deposits ____ ______  133,739.76  Furniture and Fixtures..—......  24,427.61 Time Deposits _______________  27,407.97  Cash  16,405.68 Notes and Bills Pavable  25,000.00  Other  Bonds,  Stocks  and  W arrants — ----  _________  Due from Banks — ......... Checks and Cash Items_______  Total ______________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  9,134.63 900.25  247,491.67  Total .........................  $  247,491.67  STATE SUPERINTENDENT OF BANKS  47  BIRMINGHAM— AMERICAN TRUST & SAVINGS BANK W . W . Crawford, President H. T. Bartlett, Vice-President W . W. Crawford, Jr., Assistant Cashier and Trust O fficer C. M. Williamson, Cashier C. M. Shill, Assistant Cashier A. J. Daley, Assistant Cashier Harris Moriarty, Auditor RESOURCES  L IA B I L I T IE S  Loans and Discounts------------- $ 8,624,571.45 Overdrafts ----------------------------359.24 U. S. Bonds, Certificates of Indebtedness, and W . S. Stamps ____________________ 150,200.00 Other Bonds, Stocks and » W a r r a n ts ---------------------------755,259.83 Banking House _________ 395,812.77 Furniture and Fixtures--------54,839.97 Other Real Estate____________ 96,634.18 345,695.25 Cash _________________________ Due from Banks ____________ 596,043.61 Due from Federal Reserve Bank ______________________ 1,765,313.42 Exchanges for Clearing House 192,875.88 Checks and Cash Items______ 63,480.49 Cash Item s in Transit________ 286,909.26  Capital Stock paid in_________$ 1 , 000, 000.00 Surplus Fund ------------------------500,000.00 Undivided Profits less E x ­ penses and Taxes paid____ 233,809.47 Reserve for Taxes and In­ terest ______________________ 52,514.87 Demand D e p o s it s ____________ 8,633,790.43 Time D e p o s its _______________ 2,907,880.58  $13,327,995.35  Total  Total  $13,327,995.35  BIRMINGHAM— BIRMINGHAM TRUST & SAVINGS CO. Arthur W . Smith, Chairman of Board Tom O. Smith, President W. H. Manly, Vice-President E. W. Finch, Cashier Maclin F. Smith, Trust Officer  Benson Cain, Assistant V ice-President C. D. Cotton, Assistant Vice-President H. C. Keller, Assistant Cashier D. B. Taliaferro, Assistant Cashier Exam Elliott, Assistant Trust O fficer  RESOURCES  LIABILITIES  Loans and Discounts--------------$11,906,011.28 Overdrafts __________________ 2,314.98 U. S. Bonds, Certificates of Indebtedness, and W . S. Stamps ____________________ 337,614.73 Other Bonds, Stocks and W arrants __________________ 1,413,956.02 Banking House --------------------820,730.61 Furniture and Fixtures—-----50,283.07 Other Real Estate-----------------210,993.85 Cash _________________________ 274,346.53 Due from Banks______________ 1,777,593.54 Due from Federal Reserve Bank ______________________ 1,930,606.08 Exchanges for Clearing House 179,550.24 Checks and Cash Items_______ 182,574.43 Other Resources _____________ 150.00  Capital Stock paid in________$ 1,000,000.00 Surplus Fund _________ 750,000.00 Undivided Profits less E x ­ penses and Taxes paid-... .. 115,965.23 Reserve for Taxes and In ­ terest 94,969.61 Demand D e p o s its ____________ 10,887,151.81 Time D e p osits_______________ 6,228,703.71 Letters of Credit ____________ 9,935.00  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $19,086,725.36  T otal  ___$19,086,725.36  48  ANNUAL REPORT FOR 1924  BIRMINGHAM— FEDERATED BANK & TRUST CO. J. C. de Hall, President  W . W. Gard, Vice-President and Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ O verdrafts ________________ Other  Bonds,  Stocks  167,855.09 Capital Stock paid in____ ___ $ 66.51 Surplus F u n d __ ____________  and  Reserve  W arrants ____________  373,031.60  for Taxes  125,000.00 4,202.25  and In­  terest ______________________  2,390.37  Furniture and Fixtures----------  17,223.81 Demand Deposits ___________  367,462.10  Cash ________________________ _  20,426.63 Time D e p o s its _______  148,167.51  Due from Banks______________  50,487.85  Checks and Cash Items______  5,537.69  Cash Items in Transit..........—  12,593.05  $  Total’  647,222.23  $  Total  647,222.23  BIRMINGHAM— INDUSTRIAL SAVINGS BANK Robert Jemison, President A. H. W oodward, Vice-President  W . E. Willett, Vice-President  M. O. Hindley, Cashier  F. B. Yeilding, Vice-President  LIABILITIES  RESOURCES Loans and Discounts..!-.......— $  320,375.15 Capital Stock paid in..............$  Furniture and Fixtures...........  2,883.50 Surplus Fund -----  Due from Banks and Cash......  9,599.46 Undivided  Other Resources _____________  1,352.33  Profits  150,000.00 less  E x­  penses and Taxes paid____ Reserve  23,591.80  for Taxes and In­  terest ---------------------------  4,461.11  Demand Deposits _____________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  334,210.44  45.00  Time D e p o s its _______________  180,903.63  Notes and Bills Payable...........  10,000.00  Other Liabilities ..........  T o ta l  100,000.00  T ota l  208.90  .$  334,210.44  STATE SUPERINTENDENT OF BANKS  49  BIRMINGHAM— SOUTHSIDE BANKING COMPANY John W. Maynor, President John D. Elliott, V ice-President and Cashier  R. Lacy, Assistant Cashier  RESOURCES  L IA B IL IT IE S  Loans and Discounts_________$  72,727.19 Capital Sto'ck paid in________$  Overdrafts ________________ _—  229.43 Undivided  Profits  less  25,000.00  E x­  Furniture and Fixtures_______  10,117.45  C a s h _________________________  11,096.74 Demand Deposits _____________  73,934.52  Due from Banks______________  20,407.80 Time Deposits ________________  11,979.18  Exchanges for Clearing House  297.14  Checks and Cash Items______  87.33  Total ______________________ $  114,963.08  penses and Taxes paid.........  Total ................... ..................... $  4,049.38  114,963.08  BIRMINGHAM— STEINER BROTHERS Leo K. Steiner, President Herbert E. Steiner, Vice-President  Sig Steiner, Assistant Cashier  Carl Steiner, Cashier  J. M. Levine, Assistant Cashier  RESOURCES Loans and Discounts  LIABILITIES  - _ .$  720,101.10 Capital Stock paid in  $  1,231.53 Surplus Fund Undivided  U. S. Bonds, Certificates of Indebtedness,  and  W.  Stamps ................................. Other  less  terest ____________ ____ ........  11,174.20 320,851.77  61,145.88 Time Deposits ................... ........  1,224,232.64  Due from Banks______ _ _____ Federal  133,725.47 Other Liabilities  Bank ..........................-..............  59,164.26 13,699.83  Checks and Cash Items_______  154.50  Cash Items in Transit________  38,035.00  Other Resources .  ...............  65,000.00 43,458.13  3,177.82  .........................$ 1,984,304.33 j   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .  Reserve  Exchanges for Clearing House  Total .  119,587.59  878,870.59 Demand Deposits ........... ........ 24,588.58 Notes and Bills Payable...  from  -  50,409.77 Reserve for Taxes and In-  and  Stocks  Other Real Estate____________  Due  E x-  .................. - ___ _  Bonds,  W arrants  Profits  penses and Taxes paid. -  S.  100,00000 100,000 00  T o t a l ____________ __ ___------$ 1,984,304.33  ANNUAL REPORT FOR 1924  50  BLOUNTSVILLE— BANK OF BLOUNTSVILLE J. S. Wittmeir, President W . L. Banks, Vice-President  J. W. Carter, V ice-President Luther Graves, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________ $  22,440.34 Capital Stock paid in................ $ 12.45 Surplus Fund _______________  Overdrafts ___________________  2,006.01 Undivided  Furniture and Fixtures______  1,805.32  penses and Taxes paid______  268.09  Cash _________________________  6,571.50 Demand Deposits ..____ ______  41,074.01  29,913.49 Time Deposits __ ____________  7,977.89  Checks and Cash  Items..... .  less  89.08  Banking House ______________  Due from Banks .. .......  Profits  15,000.00  E x-  1,659.96  Total ................... .....................$  64,409.07  Total ........ .......... ..................... $  64,409.07  BOAZ— BOAZ BANK J. R. Moore, President S. B. Wilson, Vice-President  S. H. Leeth, Vice-President R. M. Miller, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Demand  Loans  Secured  247,835.37 Capital Stock paid in ..........  by  Surplus Fund ________________  Cotton _____________________  122,421.12 Undivided  Overdrafts -----------------------------  96.57  Profits  less  50.000.  00  12. 000.  00  E x­  penses and Taxes paid_____  6,659.73  and  Demand Deposits ____________  221,950.37  W arrants __________________  7,700.00 Time Deposits _______________  85,733.60  Banking House ______________  4,500.00 Notes and Bills Payable (Se­  Other  Bonds,  Stocks  Furniture and Fixtures----------  3,376.89  cured by C otton)___________  65.000.  00  Other Real Estate ----------  5,500.00 Notes and Bills Rediscounted  10. 000.  00  Cash  ________________________  14,473.80  Due from Banks --------------------  44,384.42  Exchanges for Clearing House  721.24  Checks and Cash Items---------  319.29  Cash Items in Transit----------  15.00  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  451,343.70  Total  $  451,343.70  STATE SUPERINTENDENT OF BANKS  51  BRENT— BRENT BANKING COMPANY H. V. Faucett, President J. S. Ward, Vice-President  J. T. Martin, Assistant Cashier D.  W . James, Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- $  95,614.31 Capital Stock paid in________$ 377.55 Surplus Fund __________  Overdrafts ----------------------------U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  Profits  25,000.00 20,000.00  less  E x­  S.  penses and Taxes paid_____  4,334.40  Stamps _______________ _____  25,350.00 Demand Deposits ______ :____  100,120.65  Banking House ---------------- ----  2,500.00 Time Deposits _______________  116,731.39  Furniture and Fixtures...........  1, 000.00 1,055.91  Other Real Estate-----------------________________________  10,077.84  Due* from Banks ------------------  129,302.52  Cash  Cash Items in Transit-  758.31  Other Resources ............  150.00  Total _________ ____________ $  266,186.44  Total ........................................ $  266,186.44  BREWTON— BANK OF BREWTON O. M. Gordon, President W . Y. Lovelace, V ice-President  J. G. McGowin, V ice-President A. Calvin Smith, Assistant Cashier  C. B. Sawyer, Cashier RESOURCES  LIABILITIES  Loans and Discounts------------- $  382,175.01 Capital Stock paid in  U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ____________________  Undivided 10,950.00  Other Bonds, Stocks and W arrants ----------------------------  Furniture and Fixtures...........  less  50,000.00 50,000.00  E x-  penses and Taxes paid....  11,057.25  Demand Deposits .....  214,217.65  1,443.98 Time Deposits _______________  233,666.46 32.86  2,500.00  Other Real Estate -----------------  1,917.40  Cash _______  28,832.86  Due from Banks..............  114,689.95  Checks and Cash Items----------  1,128.40  Other Resources --------------------  2,453.50   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  12,500.00 Other Liabilities ....  Banking House --------------------  T otal  $  383.12 Surplus Fund ___ ....  Overdrafts ___________________  ?  553.974.22  T ota l  $  558,974.22  ANNUAL, REPORT FOR 1924  52  BREWTON— CITIZENS BANK E.  L. McMillan, President  J. T. Boyd, V ice-President  O. M. Colley, Cashier  J. F. Purifoy, Assistant Cashier RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts  __________________  175,047.29 Capital Stock paid in________$ 221.74 Surplus Fund .......  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Bonds,  Stocks  Time Deposits ___  and  19,060.00 Notes and Bills Payable_____ 3,197.72 Other Liabilities __  House--------------------  Furniture and Fixtures---------  10,302.80 137,576.94 68,222.64 10,000.00 5.05  2,457.27  Other Real E s t a t e ___________ Cash  E x-  23,292.00 Demand Deposits .  W arrants __________________ Banking  less  penses and Taxes paid_____  Stamps ____________________ Other  Profits  47,209.00 22,800.00  8,302.92  ________________________  13,692.78  Due from Banks _____________  49,034.66  Checks and Cash Items---------  1,801.05  Total ______________________ $  296,107.43  Total ----------------------------------$  296,107.43  BREWTON— FARMERS & MERCHANTS BANK J. W . Adkisson, President E. S. Liles, Vice-President  Geo. O. Harold, Cashier  G. C. Hurd, Assistant Cashier  R. J. Murphy, Assistant Cashier  RESOURCES Loans and Discounts------------- $ Overdrafts ----------------------------U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ------------------------------Other Bonds, Stocks and W arrants --------------------------Furniture and Fixtures--------Other Real Estate .................... Cash -------------------------------------Due from Banks— ..................... Checks and Cash Item s--------T ota l ________________________$   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  LIABILITIES 390,771.45 Capital Stock paid in________$ 310.57 Surplus Fund .. Profits less E xpenses and Taxes paid......... 29,950.00 Demand Deposits . ........... Time Deposits ___ 70,542.13 Other Liabilities ... 2,350.64 3,380.92 22,812.42  35,800.00 25,000.00  Undivided  18,443.70 264,191.00 287,533.48 75.38  110.857.25 68.18 631,043.56  T otal ________________________ $  631,043.56  STATE SUPERINTENDENT OF BANKS  53  BRUNDIDGE— BRUNDIDGE BANKING COMPANY M. Lightfoot, President F.  C. Bass, Vice-President  W . A. Bass, Assistant Cashier J. F. Hightower, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts  __________________  302,847.36 Capital Stock paid in________$ 334.16 Surplus Fund _________________  Other Bonds, Stocks and W arrants _________________  Undivided Profits less E x ­ 38,625.00 penses and Taxes paid_____  Banking House ______________  4,000.00 Reserve for Taxes and In­ terest ________________ 3,000.00 Demand Deposits ____________ 642.14 Time Deposits _________________ 23,694.33  Furniture and Fixtures______ Other Real Estate____________ Cash _________________________ Due from B a n k s _____________  100,000.00 50,000.00 25,285.46 10,500.00 338,423.91 51,057.43  201,794.26  Checks and Cash Items_______  186.95  Cash Items in Transit...........  142.60  Total ____________________ $  575,266.80  Total ______________________ $  575,266.80  BUTLER— CHOCTAW BANK W . J. Dansby, President W. D. W hitted, V ice-President  F. G. Bush, Assistant Cashier E. L. Bush, Cashier LIABILITIES  RESOURCES Loans and Discounts ________$ Overdrafts  __________________  149,427.22 Capital Stock paid in____________ 20,000.00 398.59 Surplus Fund __________________  U. S. Bonds, Certificates of Indebtedness and W . S. Stamps _________________  3,617.64  Other Bonds, Stocks and W arrants __________________  25,446.86  Banking House ______________  5,000.00  Furniture and Fixtures_____ Other Real Estate ___________ Cash  3,000.00 649.77  ________________________  14,239.37  Due from B a n k s _____________  32,587.51  Checks and Cash Items______  10.00  Other Resources ____________  25,210.24  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  259,587.20  13,500.00  Undivided Profits less E x ­ penses and Taxes paid______  6,096.50  Demand Deposits ____________  112,342.10  Time Deposits ______________  57,448.60  Notes and Bills Payable_____  25,000.00  Bonds Borrowed _____________  5,200.00  Other Liabilities ____________  T ota l  _____ $  20,000.00  259,587.20  54  ANNUAL REPORT FOR 1924  CALERA— CENTRAL STATE BANK Gordon DuBose, President  C. L. O’Neal, Vice-President  RESOURCES  LIABILITIES  Loans and Discounts..............$ Other  Bonds,  Stocks  65,629.17 Capital Stock paid in________$  and  Surplus Fund ...........  W arrants .................................  18,000.00 Undivided  Banking House ______________  20,000.00  Furniture and Fixtures _____  Profits  30,000.00 2,800.00  less  E x-  penses and Taxes paid____  1,583.33  4,000.00 Demand Deposits ....  78,534.15  Other Real Estate __________  2,000.00 Notes and Bills Rediscounted  10,393.34  Cash  ________________________  8,543.50  Due from Banks _____________  4,538.36  Checks and Cash Items______  599.79  Total ____________ _________123,310.82  Total ______________________ $  123,310.82  CAMDEN— BANK OF CAMDEN W . J. Bonner. President R. C. Jones, Cashier  E. A. Bonner, Vice-President  RESOURCES  LIABILITIES  Loans and Discounts ------------$ Overdrafts Other  73.50 Surplus  ____________  Bonds,  Stocks  and 1,800.00  Furniture and Fixtures-........... ________________________  less  7,500.00  E x­  Deposits  457.20  ..........  117,606.81  1,500.00 Time Deposits ______________  27,213.36 45,000.00  23,277.57  Checks and Cash Items----------  585.83   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  30,000.00  11,792.77 Notes and Bills Payable______  Due from B a n k s --------------------  $  ______________  penses and Taxes paid______  3,000.00 Demand  Banking House ________  Total _  Fund  Undivided  W arrants ______________  Cash  185,747.70 Capital Stock paid in________$  227,777.37  T ota l  $  227,777.37  STATE SUPERINTENDENT OF BANKS  55  CAMP HILL— BANK OF CAMP HILL E. L. Andrews, President H.  T. Hamner, V ice-President  O. S. Heard, Assistant Cashier  S. V. Henderson, Cashier  LIABILITIES  RESOURCES  213,748.88 Capital Stock paid in________$  Loans and Discounts............. $ Banking  House  300.00 Surplus Fund _______________  ------------------  Furniture and Fixtures  200 00  Undivided  Profits  less  50,000.00 45,000.00  E x­  Cash _________________________  11,137.05  penses and Taxes paid...........  911.64  Due from Banks ____________  46,348.76 Demand Deposits ____________  162,930.86  Checks and Cash Items_______  107.81 Time Deposits ______________  3,000.00  Notes and Bills Payable____  10.00C.00  Total ______________ _______ $  271,842.50  Total ______________________ $  271,842.50  CARBON HILL— CARBON HILL STATE BANK J. T. Wakefield, President J. G. Stalcup, Vice-President  O. H. W hitney, Vice-President  W. S. Thornton, Vice-President  Dan McDonald, Assistant Cashier  S. F. Wheeler, Cashier RESOURCES  LIABILITIES  Loans and Discounts------------$  72,828.90 Capital Stock paid in.............. $  Overdrafts ___________________  901.22 Undivided Profits  Banking H ouse.........................— Furniture and Fixtures........— Cash ______________ Due from Banks______  penses and Taxes paid____  179.51 34,598.85  11,052.05 Time D eposits________________  48,194.62  Notes and Bills Payable_____  15,000.00  728.53  Other Resources...................   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25,000.00  E x­  5,004.77 Demand Deposits___________  14,749.93  Checks and Cash Item s--------  T ota l  17,704.78  less  2.80 $  122,972.98  T otal  $  122,972.98  ANNUAL REPORT FOR 1924  56  CARBON HILL— CITIZENS BANK Duncan McDonald, President Jas. Nicol, Jr., Vice-President K.  G. A. Kropp, Cashier  E. Kropp, Assistant Cashier  Mrs. R. A. Plummer, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts Banking  ....... .... .... .............—  331,459.21 Capital Stock paid in._______$ 24.26 Surplus Fund_________________  H ouse___________  3,500.00 Undivided  Profits  less  25,000.00 12,500.00  E x­  Furniture and Fixtures...........  2,950.00  penses and Taxes paid____  15,803.46  Other Real Estate......................  4,825.00 Demand Deposits____________  256,261.03  Cash ________________________  15,530.93 Notes and Bills Payable______  65,000.00  Due from Banks_____________  27,257.53 Notes and Bills Rediscounted  12,698.74  Exchanges for Clearing House  110.78  Cash Items in Transit_______  1,605.52  Total  $  387,263.23  Total  .$  387,263.23  CARROLLTON— BANK OF CARROLLTON A. H. Dabbs, President W . G. Robertson, Vice-President  M. Johnson, Cashier  D. E. Hale, Assistant Cashier  Ethel Ferguson, Assistant Cashier  RESOURCES Loans and D iscounts------------- $ Overdrafts --------------------------Other  Bonds,  Stocks  LIABILITIES 206,126.25 Capital Stock Paid in________$  25,000.00  1,353.00 Surplus Fund________________  5,000.00  Undivided  and 16,816.11  Profits  less  E x-  penses and Taxes paid_____  21,220.63  3,300.00 Demand Deposits____________  113,968.18  Furniture and Fixtures---------  4,407.50 Time Deposits_______________  100,319.06  Other Real E state___________  4,641.75 Notes and Bills Payable______  10 , 000.00  W arrants  --------------------------  Banking H ouse....... ..................  Cash ________________________  15,081.22  Due from Banks— ............. ....  22,703.13  Checks and Cash Items---------  134.50  Cash Items in Transit----------  944.41  T o ta l *.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  275,507.87  T ota l  $  275,507.87  57  STATE SUPERINTENDENT OF BANKS  CASTLEBERRY— THE PEOPLES BANK OF CASTLEBERRY C. P. Deming, President J. W . Thurmond, Vice-President  N.  P. Thurmond, Cashier  LIABILITIES  RESOURCES  85,464.81 Capital Stock Paid in_______ $  25,000.00  Banking H ouse_______________  4,900.00 Surplus Fund________________  2,500.00  Furniture and Fixtures______  1,400.00 Undivided  Loans and Discounts_________$  Profits  less  E x­  penses and Taxes paid______  7,429.70  Cash ________1_________________  9,081.54 Demand Deposits....._________  62,351.91  Due from Banks_____________  10,991.93 Time Deposits________________  18,006.67  Other Real Estate____________  Other Resources_______  450.00  3,000.00  Total _____________ ________ $  115,288.28  Total __ ___________________ $  115,288.28  CEDAR BLUFF— CEDAR BLUFF BANK W . R. W estbrook, President J. P. James, Vice-President  J. W . Conner, Cashier  RESOURCES  LIABILITIES  Doans and Discounts_______  96.137.68 Capital Stock paid in________$  Overdrafts _________________  134.47 Surplus Fund________________  24,033.94  1,248.93 Demand Deposits_____________  78,392.15  Furniture and Fixtures..  1,606.19 Time Deposits________________  34,212.16  C a s h ___________________  11,939.76 Notes and Bills Payable_____  9,144.40  Due from Banks.  51.197.69  Cash Short ____  17.93  Banking H ouse________  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  162,282.65  T o ta l ________________________ $  16,500.00  162,282.65  58  ANNUAL REPORT FOR 1924  CENTRE— CHEROKEE COUNTY BANK Roscoe Smith, President Lamar Smith, Vice President  Glen Williamson, Assistant Cashier J. H. Savage, Cashier  LIABILITIES  RESOURCES  128,695.25 Capital Stock paid in_________$  Loans and D iscounts___ ____ $  458.11 Surplus Fund________________  ---------------------------  Overdrafts  Undivided  U. S. Bonds, Certificates of Indebtedness Stamps Other  and  W.  Bonds  Stocks  and  Time  1, 000.00  Furniture and Fixtures______  1 , 000.00  Other Real Estate____________  1,075.00  Cash ________________________  10,912.16  Due from  Banks____________  79,775.92  Checks and Cash Item s_____  1,479.82  Total  10,077.53  82,271.49  Deposits___________  .32  10, 000.00 Cash Over___  Banking H ouse______________  ____ $  244,396.26  00  117,046.92  10, 000.00 Demand D eposits________  _________________  00  10. 000.  E x-  penses and Taxes paid..  S.  ___________________  W arrants  Profits less  25.000.  Total  ....$  244,396.26  CENTRE— FARMERS & MERCHANTS BANK J. O. Jordan. President G. A. Johnson, Cashier  M. D. Starling, Vice-President  LIABILITIES  RESOURCES Loans and Discounts................$ Overdrafts  __________________  89,711.75 Capital Stock paid in_________$ 298.54 Surplus Fund_________________  18,000.00 3,600.00  Banking H ouse_______  3,500.00 Undivided  Furniture and Fixtures -------  1,953.49  Other Real Estate-----------------  2,911.17 Demand Deposits_____________  71,256.35  Cash ________________________  8,245.80 Time  22,394.56  Due from Banks....................  5,461.16  Checks and Cash Item s______  4,001.15  Cash S h o r t __________________  26.00  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  116.109.06  Profits  less  E x­  penses and Taxes paid___  D eposits_______________  T ota l ______ _________________ *  858.15  116.109.06  STATE SUPERINTENDENT OF BANKS  69  CENTREVILLE— BIBB COUNTY BANKING & TRUST CO. J. P. Kennedy, President W. J. Langston, Assistant Cashier  J. M. Kennedy, Assistant Cashier  Ed Kennedy, Cashier RESOURCES  LIABILITIES  Loans and Discounts,...............$  Bonds,  Stocks  and  W arrants ____  Undivided 8,940.00  Profits  25,000.00 16,000.00  19.10 Surplus Fund............  Overdrafts ___________________ Other  120,557.61 Capital Stock paid in _______ $  less  E x­  penses and Taxes paid____  2,401.22  Banking House.... .......................  9,000.00 Demand Deposits____________  87,702.03  Furniture and Fixtures_______ Other Real Estate.—..............  2,247.46 Time Deposits______ ____ 7,235.74 Other Liabilities_____________  36,058.00 100.69  Cash _________________________  8,080.53  Due from Banks......... .......... .  6,810.61  Checks and Cash Items..........  77.35  Cash Items in Transit..............  3,043.54  Other Resources_____ ____  1,250.00  |  Total  167,261.94  .$  Total  167,261.94  CENTREVILLE— PEOPLES BANK W. C. Fuller. President and Cashier A. C. Pratt, Assistant Cashier  N. W. Hunnicutt, Vice-President  LIABILITIES  RESOURCES Loans and Discounts______ __ $  111,418.32 Capital Stock paid in__________$ Surplus Fund_________________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ________________ Other  Bonds,  W arrants  Stocks  Undivided 11,100.00  and  —______________  Furniture and Fixtures_____ Cash ________________________  16,159.49 60,664.70  Checks and Cash Items...........   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  11,500.00  E x­  penses and Taxes paid____  4,969.50  Demand Deposits____________  103,035.29  Time Deposits....______________ 8,500.00  52,825.09  4,100.00  Due from Banks.................  T otal  Profits  42,000.00  2,387.37  $  214,329.88  T otal  __ $  214,329.88  60  ANNUAL REPORT FOR 1924  CHATOM— CHATOM STATE BANK J. N. Granade. President F. L. McLemore, Cashier  Milton McDowell, Vice-President  LIABILITIES  RESOURCES Loans and Discounts_________$ Overdrafts ___________________  45,527.74  Undivided Profits  U. S. Bonds, Certificates of Indebtedness  and  W.  less  367.44 Reserve  15,000.00 7,873.88  E x­ 408.88  penses and Taxes paid____  S.  Stamps ____________________  Capital Stock paid in________$  1.55 Surplus Fund-__ ____________  for Taxes and  In­  terest ______________________  400.00  W arrants _________________  705.50 Demand D e p o s its ____________  46,584.39  Banking H ouse_______________  4,700.00 Time Deposits_______________  18,933.06  Other  Bonds,  Stocks  Furniture and Fixtures  and  ____  800.00  Other Real Estate___________  3,326.99  Cash ....  3,931.14  Due from Banks...............  29,467.34  Checks and Cash Item s_____  32.86  Other Resources.____________  339.65  Total ______________________ $  89,200.21  Total ______________________ $  89,200.21  CHILDERSBURG— FIRST STATE BANK G. R. Powell, President  R. R. Gross, Cashier  RESOURCES Loans and Discounts________$ O verdrafts -----------------------------  LIABILITIES 57,608.30 Capital Stock paid in________$ 43.46  Undivided  Profits  less  12,500.00  E x­  Banking H ouse_______________  2,000.00  penses and Taxes paid_____  1,587.12  Furniture and Fixtures...........  2,155.50  Demand Deposits____________  35,775.39  Other Real Estate___ _______  3,406.74 Time D e p o s its _______________  7,368.61  Cash ________________________  2,059.85 Notes and Bills Payable_____  21,298.32  10,666.46 Other Liabilities______________  213.92  Due from Banks..................... Other Resources—.................  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  803.05  78,743.36  T ota l  $  78,743.36  STATE SUPERINTENDENT OF BANKS  61  CITRONELLE— CITRONELLE STATE BANK John A. Hurt, President R.  W. Lynch, Vice-President  Audrey Rowell, Assistant Cashier C. D. Hurt, Cashier  LIABILITIES  RESOURCES  125,689.07 Capital Stock paid in_________$  Loans and Discounts________$ Overdrafts  277.85 Surplus F u n d ________________  ________________  U. S. Bonds, Certificates of  Undivided  Profits  less  10,000.00 5,500.00  E x­  S.  penses and Taxes paid_____  Stamps ____________________  186.57 Demand Deposits_____________  71,497.85  __  1,026 29 Time Deposits------------------------  37,654.11  and Fixtures_____  1,827.32 Notes and Bills Payable_____  20,000.00  Indebtedness  and  W.  Banking H ouse_________ Furniture  Cash ___________________  295.24  4,614.18  Due from Banks_____________  11,325.92  Total ______________________ $  144,947.20  Total _________ ____________ $  144,947.20  CLANTON— PEOPLES SAVINGS BANK F.  J. Callen. President  N. S. Johnson, Vice-President  H. G. Heflin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts.......  $  Other  Bonds,  Stocks  207,715.83 Capital Stock paid in..... .... .... $ 2,088.51 Surplus Fund................................  Overdrafts _____________ — and  W arrants _____________—  Undivided 1,200.00  Profits  less  15,000.00 10,000.00  E x­  penses and Taxes paid___  60,084.38  Banking H ouse_________  2,700.00 Demand Deposits......................  260,095.41  Furniture and Fixtures.. —  2,727.25 Time Deposits........... .................  Cash ___________________  31,526.95  Due from Banks...............  177,479.24  Checks and Cash Items..—  169.34  Cash Items in Transit. ..  Total __________ ______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  96,510.01  16,082.68  $  441,689.80  Total ______________________ $  441,689.80  62  ANNUAL REPORT FOR 1924  CLAYTON— BANK OF COMMERCE W. H. Robertson, Jr., President J. J. S. Willis, Vice-President  A. J. Bethune, Cashier  LIABILITIES  RESOURCES Loans and Discounts......_......$ Overdrafts __________ ______ Other  Bonds,  Stocks  247,146.21 Capital Stock paid in_________$  50.000.  00  2,551.64 Surplus Fund................. ............  15.000.  00  and  Undivided  Profits  less  E x­  penses and Taxes paid..—....  5,455.58  Furniture and Fixtures...........  1,400.00 Demand Deposits_____________  120,294.58  Cash _________________________  10,531.92 Time Deposits________________  52,101.54  Notes and Bills Rediscounted  35,021.20  Other Liabilities—.............. ........  9.84  W arrants ............................. .  2,600.00  Due from Banks......... ......... .... Due  from  Federal  5,151.57  Reserve  Bank ______________ _______  8,358.40  Checks and Cash Items___ ___  143.00  Total  ____ %  277,882.74  Total  $  277,882.74  CLAYTON— CLAYTON BANKING COMPANY J. T. Floyd, Jr., President J. C. Parish, Vice-President  C. O. Parish, Assistant Cashier T. R. Parish. Cashier  RESOURCES  LIABILITIES  Loans and Dicounts________ $ Overdrafts ___________________ Other  Bonds,  Stocks  215,014.53 Capital Stock paid in________$ 597.28 Surplus Fund...............................  and  Undivided  W arrants __________________  11,200.00  Profits  less  50,000 00  E x­  penses and Taxes paid_____ and  50,000.00  Furniture and Fixtures_____  2,000.00 Reserve for Taxes  Other Real Estate____________  7,051.01  Cash _____________  6,161.93 Demand Deposits____________  2,998.33  In­  terest ...........................  1,285.23 101,160.93  Due from Banks_____________  12,357.88 Time Deposits________________  22,532.67  Checks and Cash Item s..........  98.28 Notes and Bills Payable_____  25,000.00  36.80 Other Liabilities_____________  1,675.69  Cash Items in Transit.............. Cash Short............  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  135.14  $  254,652.85  T ota l  $  254,652.85  63  STATE SUPERINTENDENT OF BANKS  CLIO— CLIO BANKING COMPANY W . A. Arnold, President J. D. Fuqua, Vice-President  C. H. Stephens, Assistant Cashier B.  I. Jackson, Cashier  LIABILITIES  RESOURCES Loans and Discounts_____ ___ $ Overdrafts  208,662.91 Capital Stock paid in_____ __ $ 995.17 Surplus Fund________________  __________________  2,000.00 Undivided Profits  Banking H ouse...................  less  50,000.00 10,000.00  E x­  Furniture and Fixtures...........  1,500.00  penses and Taxes paid.........  9.959.57  Other Real Estate___________  5,982.86 Demand Deposits.... ....................  146,861.92  9,742.95 Notes and Bills Payable_____  40,000.00  Cash _______ Due from Banks........................  27,878.49  Checks and Cash Item s.......  59.11  Total __________________ ___..$  256,821.49  Total .........................................$  256,821.49  COLLINSVILLE— PEOPLES BANK W . E. Killian. President J. W . Blackwell, Vice-President  E. M. Box, Cashier  J. D. Jordan, Vice-President  W.  RESOURCES  LIABILITIES  Loans and Discounts_________$  227,942.68 Capital Stock paid in_________$ 508.70 Surplus Fund___ _______________  Overdrafts —___ Banking House  B. Smith, Assistant Cashier  ____________  7,052.40 Demand Deposits____________  Furniture and Fixtures...........  2,933.59 Time  13,065.65 Notes and Bills Payable____  Due from Banks........................  32,883.44  Checks and Cash Items........... Other Resources........................  946.21 1,715.27  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  287,047.94  T otal  13,000.00 115,154.11  Deposits_________________  Cash _________________  50,000.00  78,893.83 30,000.00  $  287,047.94  ANNUAL REPORT FOR 1924  64  COLUMBIA— BANK OF COLUMBIA W . F. Oakley, President T. L. Blackwell, Vice-President L.  M. L. Oakley, Assistant Cashier W . Armstrong, Cashier  RESOURCES  LIABILITIES 53,408.29 Capital Stock paid in___ __ .$  Loans and Discounts_______ $  214.15 LT. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Stamps ................ ....... ....... — Other  Bonds,  Stocks  S u r p lu s F u n d  Profits  less  25.000.  00  15.000.  00  Ex  penses and Taxes paid___  3,915.21  16,955.76 Demand Deposits..___ _______  118,184.80  Time Deposits__________ ____  700.00  and  W arrants ---------------------------  450.00  Banking H ouse___ _________ -  1,500.00  Furniture and Fixtures__ ___  1,500.00  Cash ________________________  7,660.25  Due from Banks_________ —  80,115.48 996.08  Checks and Cash Item s---------  Total ___ _____________ __ — $  162,800.01  Total ______________________ $  162,800.01  COLUMBIANA— COLUMBIANA SAVINGS BANK W . F. Davis, President W . L. Christian, Cashier  w . W . Wallace, Vice-President  LIABILITIES  RESOURCES Loans and D iscounts________? Other  Bonds,  Stocks  144,852.86 Capital Stock paid in_________$ Surplus Fund______________ ...  and  5,852.04 Undivided  W a r r a n ts ----------  Profits  penses and Taxes  less  35,000.00 5,500.00  E x­  paid____  1,210.90  Banking House_______________  5,850.00  Furniture and Fixtures---------  1,275.00 Demand D eposits_______________  97,591.33  Other Real Estate......................  1,593.75 Tim e Deposits__________________  56,780.87  Cash ________________________  17,714.41  Due from Banks______________  18,719.04  Checks and Cash Items---------  226.00  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  196,083.10  T o ta l  .$  196,083.10  STATE SUPERINTENDENT OF BANKS  65  CORDOVA— THE CITIZENS BANK & TRUST COMPANY M. Aaron, President C. D. Shepherd, Vice-President  E. T. Hendon, Vice-President  S. D. Kington, Vice-President  G. H. Stewart, Cashier LIABILITIES  RESOURCES Loans and D iscounts_________$ Other  Bonds,  Stocks  54,704.92 Capital Stock paid in  and  Undivided  W arrants _________________  750.00  Furniture and Fixtures......... ...  5,756.43  Cash ________  Exchanges  for  less  ....... ?  25,000.00  E x­  penses and Taxes paid____ Demand Deposits____ ___  6,645.08 Time  Due from Banks_____________  Profits  961.40 40,125.20  Deposits____ _________  13,288.84  11,388.15  Clearing  House _______________  130.00  Total __________ __ ______ .....$  79,375.44  Total ______________________ $  79,375.44  CORDOVA— CORDOVA STATE BANK J. R. Shepherd, President P. M. Long, V ice-President .  N. N. Jones, Assistant Cashier W . H. Fowler, Cashier LIABILITIES  RESOURCES Loans and Discounts________$  U S. Bonds,  116,523.15 Capital Stock paid in............. $ 5.92 Surplus Fund_____________  Overdrafts .....  Undivided  Certificates of  Profits  less  S.  penses and Taxes paid........ 9,774.59 Reserve for Taxes and Inter­  Other  Bonds,  and  W.  Stocks  est ..............  and  Banking H ouse_______________  14,500.00 Time Deposits___________  Furniture and Fixtures______  500.00 Other Liabilities.__ ____  Cash .............  13,452.67  Due from Banks........................  35,938.22  Checks and Cash Items______  107.25  Other Resources—___ _________  352.80  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  214,468.60  T ota l  15,106.13  300.00  23,314.00 Demand Deposits_____ _____  W a rra n ts __________________  3,000.00  E x­  Stamps ____________________  Indebtedness  15,000.00  _____ ___ ____ $  111,861.01 68,493.95 707.51  214,468.60  66  ANNUAL REPORT FOR 1924  CRAGFORD— CRAGFORD BANK T.  R. Bell, President  P. E. Wright, Viae-President  B. T. Carter, Assistant Cashier O.  O. Mitchell. Cashier  LIABILITIES  RESOURCES Loans and Discounts_________$  79,980.46  Surplus Fund________________  U. S. Bonds, Certificates of Indebtedness Stamps  and  W.  Capital Stock paid in_________$  Undivided  S.  ___________________  5,150.00  Profits  less  25,000.00 5,000.00  E x­  penses and Taxes paid____  1,797.51  and  Demand D eposits______________  51,643.31  W a r r a n ts __________________  5,400.00 Time Deposits_________________  26,997.84  Other  Bonds,  Stocks  Banking H ouse______________  1,200.00  Furniture and Fixtures______  1,200.00  Other Real Estate—__________  3,410.00  Cash ________________________  4,585.34  Due from Banks____________  9,415.39  Checks and Cash Item s______  97.47  Total ______________________ $  110,438.66  Total ______________________ $  110,438.66  CROSSVILLE— FIRST BANK OF CROSSVILLE S.  P. Smith, President  G. W . Justice, Vice-President  W . F. Croft, Assistant Cashier C. D. King, Cashier  RESOURCES  LIAB ILITIES  Loans and Discounts________$ O v e r d r a ft s  82,119.01 Capital Stock paid in________$ 6.41  Banking House, . ____________  S u rp lu s  Fund  1,000.00 Undivided Profits  20,000.00 1,987.33  less  E x-  Furniture and Fixtures..........  2,276.65  Cash _ ______________ ___ .  15,656.79  Demand Deposits  65,109.04  D u e from  39,563.62  Tim e  41,824.57  R anks  Checks and Cash Ite m s __  Total .......................... — .   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  penses and Taxes paid_____  Deposits......  6.51  1.15  $  140,623.63  3,696.18  Total .................. _-................ $  140,623.63  STATE SUPERINTENDENT OF BANKS  67  CUBA— BANK OF CUBA W . E. McGowan, President T.  P. McGowan, Vice-President T.  T. O. Vaughan, V ice-President S. Ward, Cashier  RESOURCES  LIABILITIES 86,832.27 Capital Stock paid in________$  Loans and D iscounts____ ___ $ Overdrafts Other  20.90 Surplus Fund _______________  __________________  Bonds,  Stocks  Undivided  and 13,000.00  W arrants __________________  Profits  2 , 000.00 Reserve for  Furniture and Fixtures______  1,270.50  _____ $  Total __  00  12 . 000 .  00  E x­  penses and Taxes paid_____  Banking H ouse_______________  1,193.99  Taxes and In­  terest ______________________  1, 200.00  6,412.70 Demand Deposits____________  78,413.98  11,451.46 Time  Due from Banks_____________  less  15.000.  120,987.83  Deposits_______________  Total  13,179.86  $  120,987.83  CULLMAN— PARKER BANK & TRUST COMPANY M. L. Robertson, President C. A. Stieflmeyer, Vice-President  R. E. Lee, V ice-President  Joe Spitznagel, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts __________________  381,703.12 Capital Stock paid in________$  90,000.00  1,614.59 Surplus Fund________________  30,000.00  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  S t a m p s _______ Other  Bonds,  Stocks  Undivided Profits less  penses and Taxes paid—___  12,139.46  39,050.00 Demand D eposits____________  370.161.44  Time Deposits _______________  159,292.51  and  W arrants _________________ Furniture and Fixtures______ Cash ____________________  10,000.00 Notes and Bills Payable___  56,357.50 192,591.20  Checks and Cash Items_______  509.35   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25,000.00  4,767.65  Due from Banks_____________  T o ta l ..  E x-  ...$  686,593.41  T ota l  $  686,593.41  ANNUAL REPORT FOR 1924  68  DADEVILLE— STURDIVANT BANK H. F.  C. Sturdivant. President  F. Sturdivant, Vice-President  F. M. Coleman, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_____ ___$ Other  Bonds,  W arrants  Stocks  273,617.45 Capital Stock paid in_______ $  and  Surplus Fund______________  ____________________  32,594.60Undivided  Profits  less  1,000.00  Furniture and Fixtures______  2,000.00 Demand Deposits_____________  Cash .......................  penses and Taxes paid____  19,357.54 Tim e Deposits__________________ _________  29,916.65 Notes and Bills Payable _......  Total .................................... ....$  358,486.24  25,000.00  E x­  Banking H ouse................  Due from Banks  50,000.00  Total .... ................... ................ $  2,252 61 227,548.63 28,685.00 25,000.00  358,486.24  DADEVILLE— TALLAPOOSA COUNTY BANK Wm. Gray, Jr., President G.  C. G. Collier, Cashier  J. Sorrill, V ice-President  RESOURCES  LIABILITIES  Loans and Discounts_______ $ Overdrafts Other  __________________  Bonds,  Stocks  581.04  urplus Fund_____________ Undivided  and  W a r r a n t s ... .................... Banking  200,521.77 Capital Stock paid in.............. $  20,717.46  Profits  less  penses and Taxes paid___  Furniture and Fixtures._____  1,000.00 Tim e D e p o s its _________________  Other Real Estate___________  9,000.00  Cash __________  16,039.17  Due from Banks..__ _________  29,714.21  Other Resources__ ___________  4,166.10  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  284,239.75  T ota l  10,000.00  E x­  2,500.00 Demand D eposits____  House______________  50,000.00  15,239.91 181,782.69 27,217.15  284,239.75  69  STATE SUPERINTENDENT OF BANKS  DAPHNE— DAPHNE STATE BANK J. R. Hammett. President V. J. Allegri, Vice-President  Loans and Discounts_________$ Overdrafts ----------------------------U.  49,537.99 Capital Stock paid in________$ 22.47 Undivided  and  W.  Bonds,  Stocks  50.00 Time  and  W arrants __________________  Cashier  2,811.06  Other Real Estate___________  4,000.00  Cash ________________________  2,133.25  Due from Banks _______  4,903.44  Resourses.........:..............  Total ...... ........... .......................$  10,000.00  E x­ 456.66 34,098.85  Deposits............................  17,007.70  Notes and Bills Payable______  2,000.00  30.00  Furniture and Fixtures______  Other  less  Demand Deposits________  S.  Stamps ------------------------------Other  Profits  penses and Taxes paid_____  S. Bonds, Certificates of  Indebtedness  B. L. Randall, LIABILITIES  RESOURCES  75.00  63,563.21  Total .........................................$  63,563.21  DECATUR— TENNESSEE VALLEY BANK (With Branches at Cherokee, Courtland, Cullman, Falkville, Florence, Gurley, Haleyville, Leighton, Paint Rock, Russellville, Scottsboro, Sheffield, Stevenson, Town Creek and Tuscumbia.)  S. A. Lynn, Chairman of Board Clyde Hendrix, President R. A. Duncan, Vice-President W . W . Fussell, V ice-President J. B. Lagomarsino, Vice-President J. E. Orman. Vice-President P. B. Timberlake, V ice-President G. D. Williamson, Secretary J. C. W hite, Cashier LIABILITIES  RESOURCES  Loans and Discounts_________$ 4,413,487.67 Capital Stock paid in________$ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ____________________ Other Bonds, Stocks W arrants __________  Undivided 39,600.00  less  E x­  penses and Taxes paid------  40,039.76  198,260.50 Demand D eposits____________  3,153,813.02  107,000.00 Time  2,116,444.75  Deposits__________  Furniture and Fixtures______  48,251.01 Notes and Bills Payable_____  Other Real Estate________  12,600.00  Cash _______ _________ _ __ ___  283,531.43  Due from Banks_____________  458,481.52  Checks and Cash Items______  34,487.89  Cash Items in Transit_______  282,186.75  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  47,978.05  Reserve for Depreciation___  and  Banking House.______________  Profits  225,000.00 225,000.00  5,388.81 Surplus Fund_______  O verd ra fts----------------------  5,883,275.58  T o ta l ...  75,000.00  ...$ 5,883,275.58  70  ANNUAL REPORT FOR 1924  DEMOPOUS— ROBERTSON BANKING COMPANY W . S. Prout, President L. C. Lowe, V ice-President H.  E. E. Tallichet, Cashier  J. W hitfield, Vice-President  F. G. Spurlin, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts  696,125.58 Capital Stock paid in________ $ 704.76 Surplus Fund________________  __________________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Bonds,  Stocks  less  135.67 Reserve  and 12,700.00  Banking H ouse_______________  00  40,764.99  for Taxes and In­ 3,804.97  terest ______  W arrants _______________ ___  00  100 . 000 .  E x­  penses and Taxes paid_____  Stamps ____________________ Other  Profits  125.000.  Demand Deposits_______  365,076.48  23,422.39 Time Deposits___________  159,781.89  Furniture and Fixtures__ __  3,178.55 Notes and Bills Payable.  50,000.00  Other Real Estate____________  2,450.00  Cash ________________________  24,695.28  Due from Banks_____________  79,732.72  Checks and Cash Items______  1,283.38  Total __  ___ $  844,428.33  Total  _____________$  844,428.33  DORA— DORA BANKING & TRUST COMPANY R. H. Palmer. President C. I. Jones, Cashier  G. May, Vice-President  W . D. Scogin, Assistant Cashier  J. M. McCulihen, Vice-President RESOURCES  LIABILITIES  Loans and Discounts_________$ 200,889.37 Capital Stock paid in________$ O verdrafts Other  __________________  Bonds,  Stocks  65.00 Surplus Fund_________________ Undivided  and  P rofits  less  25,000.00 5,000.00  E x­  penses and Taxes paid_____  31,332.47  Banking H ouse______________  5,869.47 Demand Deposits____________  121,160.80  Furniture and Fixtures---------  1,787.15 Time Deposits________________  124,591.29  Cash ________________________  10,427.65 Other L ia b ilitie s_____________  669.09  Due from Banks_____________  56,582.33  W arrants  --------------------------  Checks and Cash  25,600.00  Items-------  166.36  Other R e s o u r ce s --------------------  6,366.32  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  307,753.65  T o ta l ________________________ $  307,753.65  STATE SUPERINTENDENT OF BANKS  71  DOTHAN— DOTHAN BANK & TRUST COMPANY E. R. Porter, President F. A. Flowers, Cashier  J. J. Flowers, Vice-President J. J. W hiddon, Vice-President  J. L. Wilson, Assistant Cashier  RESOURCES  LIABILITIES  Loans and D iscounts_________$  358,530.95 Capital Stock paid in________$  60,000.00  Overdrafts __________________  1,028.92 Surplus Fund________________  45,000.00  Banking H ouse______________  15,828.31 Undivided  Profits  less  E x­  Furniture and Fixtures____  1,500.00  penses and Taxes paid_____  18,222,25  Other  7,655.97  Demand Deposits____________  308,241.49  Cash _________________________  19,478.82 Time Deposits________________  132,866.56  Due from Banks_____________  149,799.91 Other Liabilities ____________  16.45  Real Estate__________  Exchanges for Clearing House  8,687.87  Cash Items in Transit________  1,836.00  Total ______________________ $  564,346.75  Total ______________________ $  564,346.75  ECLECTIC— BANK OF ECLECTIC Lee Hornsby, President J. A. Howie, Vice-President  Christian Wingard, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts________$ Overdrafts ___________________ Other  Bonds,  Stocks  115,190.43 Capital Stock paid in________$ 93.34 Surplus Fund___ ...  and  W arrants ----------------------------  Undivided 2,980.00  Profits  2,890.00 Demand Deposits__  Furniture and Fixtures_______  2,600.00 Time Deposits_____  Other Real E state------------------  9,104.32  Due from Banks--------------------  62,385.12  Checks and Cash Items______  1,627.79  Other Resources______________  766.25   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  E x-  $  197,767.25  T o ta l  3,527.33 169,097.07 11,927.50  —  130.00 Cash Over---------------  Cash _________________________  T ota l  3,000.00 less  penses and Taxes paid_____  Banking H ouse_______________  10,000.00  215.35  .$  197,767.25  72  ANNUAL REPORT FOR 1924  ELBA— ELBA BANK & TRUST COMPANY Y. W . Rainer, President S. H. Brock, Vice-President  J. L. Mixson, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ O v e rd ra fts___________________ Other  Bonds,  W arrants Banking  Stocks  315,710.44 Capital Stock paid in.............. $ 2,627.91 Surplus Fund_____________  and  _________________  Undivided 11,644.97  House______________  Furniture and Fixtures______  Cash ________________________  3,500.00  less  50,000.00  E x­  penses and Taxes paid........  5,000.00 Reserve  Other Real Estate____________  Profits  for  Taxes  and  5,232.81  In­  terest ----------------------------------  10,000.00  15,309.00 Demand Deposits____________  154,636.36  9,109.00 Time  Deposits_______________  71,495.78  23,807.07 Notes and Bills Payable____  Due from Banks_____________ Checks and Cash Item s______  209.38  Cash Items in Transit_______  14,447.18  401,364.95  Total  75,000.00  Total  35,000.00  .$  401,364.95  ELBERTA— STATE BANK OF ELBERTA Aug. Noltensmever, President John C. Lehr, Cashier  L. Lindoeofer, Vice-President RESOURCES  LIABILITIES  Loans and Discounts__________$  28.88 Surplus Fund................  Overdrafts ___________________ U. S. Bonds,  65,669.80 Capital Stock paid in________$ Undivided  Certificates of  Profits  10,000.00 2,000.00  less E x ­  S.  penses and Taxes paid____  1,913.33  Stfcmaps ____________________  350.00 Demand Deposits____________  45,438.79  Indebtedness  Other  Bonds,  and  W.  Stocks  Time  and  Banking H ouse______________  3,934.54  Furniture and Fixtures______  2,615.87  Other Real Estate________  3,602.06  Due from Banks_____________  26,340.89  Other Resources---------------------  9.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  47,571.94  Liabilities_____________  66.22  150.00  Cash ________________________  T o ta l  Deposits_______________  4,289.24 Other  W arrants __________________  $  106,990.28  T o ta l  $  106,990.28  STATE SUPERINTENDENT OF BANKS  73  ELKMONT— FARMERS & MERCHANTS BANK W. B. Vaughn, President  E. P. Gray, Vice-President  H arry Kittrell, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ----- ------ $  28,376.17 Capital Stock paid in___ ____ $ 3.74 Undivided  Overdrafts ................. .........  Profits  less  15,000.00  E x-  Banking House —..............  5,525.00  penses and Taxes paid...........  521.73  Furniture and Fixtures...  3,035.15 Demand Deposits ......................  52,670.15  Cash _____ ___ ___ __ _____  8,763.43 Time Deposits __ ____________  2,100.00  Due from Banks ________  20,429.82 Notes and Bills Payable______  5,000.00  Checks and7,371.80 Cash Items... Other Liabilities—Cash Over__  2.29  Cash Items in Transit ...  1,789.06  Total _________________  75,294.17  Total ______________________ $  75,294.17  ENSLEY— BANK OF ALABAMA R.  A. Terrell, President  J. W. Minor, Vice-President  R. D. Russell, Cashier  Foster Hamilton, V ice-President  J. Binning, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts...............$ Overdrafts ___________________  636,038.52 Capital Stock paid in________$ 468.36 Surplus Fund _______________  U. S. Bonds, Certificates of  Undivided  Profits  less  penses and Taxes paid____  Stamps ________ _____ ______  29,506.04 Reserve for Taxes and In ­  Other  and  Bonds,  W.  Stocks  1,590.62  terest ______________________  and  00 00  E x­  S.  Indebtedness  50.000. 10. 000.  6,569.59  _________________  260,582.17 Demand Deposits  492,350.70  Banking House _________ ____  22,860.00 Savings Deposits  465,723.44  W arrants  Furniture and Fixtures........... Other Real Estate ............... Cash  _____________ _________  Due from Banks ___ _________  1.650.00 3.956.00 34,424.49 30,862.75  Exchange for Clearing H ouse-  3,303.07  Checks and Cash Items_______  1,294.57  Cash Items in Transit_______  1,288.38  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ......... ? 1,026,234.35  Total  .$ 1,026,234.35  74  ANNUAL REPORT FOR 1924  ENSLEY— BANK OF ENSLEY R. E. Chadwick, President S.  C. King, Vice-President and Cashier  H. J. Cummings, Manager  RESOURCES  LIABILITIES  Loans and Discounts ------------$ 3,389,707.19 Capital Stock paid in________$  100,000.00  O verdrafts -----------------------------  100,000.00  1,831.28 Surplus Fund _______________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  penses and Taxes  Stamps ____________________ Other  Bonds,  Stocks  Profits  5,000.00  and  less  E x­  paid___  56,709.74  Reserve for Taxes and In­ terest  _____________________  19,941.60  W arrants __________________  201,359.15 Demand Deposits ___________  2,037,390.98  Banking House ______________  135,000.00 Time Deposits _______________  1,675,788.90  Furniture and Fixtures______  25,000.00 Notes and Bills Payable____  275,000.00  Other Real Estate -----------------  42,450.64  ________________________  120,543.65  Due from Banks _____________  Cash  327,693.63  Exchanges for Clearing House  14,242.60  Checks and Cash Items_______  2,003.08  Total ______________________ $ 4,264,831.22  Total __ ______________ i____ $ 4,264,831.22  ENTERPRISE— ENTERPRISE BANKING COMPANY J. B. Byrd, President R. H. Arrington, Vice-President  R. B. Mattin, V ice-President  W. C. Stapleton, Cashier RESOURCES  LIABILITIES  Loans and Discounts ------------$  202,712.95 Capital Stock paid in________$  50.000.  00  Overdrafts (Cotton) --------------  4,000.08 Surplus Fund _______________  50.000.  00  Banking House --------------------  3,400.00 Undivided  Profits  less  E x­  Furniture and Fixtures ---------  1,400.00  penses and Taxes paid_____  29,444.52  Other Real Estate ___________  3,200.00 Demand Deposits ____________  181,228.05  Cash  7,994.67  ________________________  Due from Banks --------------------  87,884.33  Checks and Cash Items ---------  80.54  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  310,672.57  T otal  310,672.57  75  STATE SUPERINTENDENT OF BANKS  EPES— SUMTER BANK & TRUST COMPANY W . J. Willis, President R. L. Young, Vice-President  M. W . Cathey, Assistant Cashier O. M. Cathey, Cashier  RESOURCES  LIABILITIES  Loans and Discounts _______ $ Overdrafts ___________________  54,651.18 Capital Stock paid in_________$ 56.89 Surplus Fund -  Banking H o u s e ______________  1,250.00 Undivided  Furniture and Fixtures ______  1,250.00  Profits  2,520.00 less  10,101.87 Demand Deposits _—  Due from Banks _____________  18,303.64 Time Deposits ___  85,613.58  E x-  penses and Taxes paid_____  Cash _________________________  Total ______________________$  12,600.00  2,131.87 67,521.71 840.00  Total __ ...............-----------------$  85,613.58  EUTAW— MERCHANTS & FARMERS BANK James C. Lucius, President E. A. Archibald, V ice-President  J. K. Smith, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ___________________  230,769.48 Capital Stock paid in________$ 54.43 Surplus Fund -------------------------  U. S. Bonds, Certificates of Indebtedness and  Undivided  Profits  less  E x­  S.  penses and Taxes paid_____  20,938.45  Stamps ____________________  14,500.00 Demand Deposits ____________  197,719.67  Time Deposits _______________  109,470.49  Other  Bonds,  W.  55,000.00 40,000.00  Stocks  and  W arrants __________________ Banking House ______________ Cash  ________________________  Due from Banks -------------------Due  from  Federal  22,850.00 5,000.00 17,320.63 120,525.17  Reserve  Bank ______________________  11,740.50  Checks and Cash Item s---------  368.40  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ------ $  423,128.61  T ota l  .$  423,128.61  ANNUAL REPORT FOR 1924  76  EVERGREEN— THE PEOPLES BANK OJF EVERGREEN C.  P. Deming, Chairman of Board  A. Cunningham, President  W . W . Kingsberry, Cashier W . B. Ivey, Vice-President LIABILITIES  RESOURCES Loans and Discounts ------------$  660,782.40 Capital Stock paid in_________$ Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Undivided  Stamps __ Other  200.00  Bonds,  Stocks  Profits  less  W arrants __________________  25,224.94  148,000.00  E x­  penses and Taxes paid____ Reserve for Taxes  and  100,000.00  8,619.68  and In­  terest ______________________  10,000.00  14,500.00 Demand Deposits ____________  257,961.20  Furniture and Fixtures______  4,882.00 Time Deposits _______________  242,208.00  Other Real Estate ___________  5,652.25 Notes and Bills Payable______  40,000.00  Banking House _______  Cash __________________ -______  18,744.10  Due from Banks _____  76,499.52  Exchanges for Clearing House  290.32  Checks and Cash Items_______  13.35  Total ........................ ................$  806,788.88  Total _________________ _____$  806,788.88  EXCEL— BANK OF EXCEL D.  D. Mims, President  J. R. Eddins, Vice-President  J. L. Kearley, Cashier  RESOURCES Loans and Discounts_________$ Overdrafts ___________________  LIABILITIES 50,011.14 Capital Stock paid in................ $ 130.50 Surplus Fund ...... ..................... .  20,000.00 2,000.00  Banking House ---------------------  5,000.00 Undivided  Furniture and Fixtures______  3,000.00  penses and Taxes paid_____  4,310.57  Other Real Estate ___________  1,500.00 Demand Deposits ____________  93,593.05  6,122.34 Time Deposits ............................  16,660.07  Cash _________________________ Due from Banks --------  Total ______________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  less  E x-  70,799.71  136,563.69  Total __ ____ _____________ $  136,563.69  STATE SUPERINTENDENT OF BANKS  77  FAIRFIELD— FAIRFIELD TRUST & SAVINGS BANK E.  P. Rosamond, President  Herbert A. Smith, Vice-President  D. W. W aite, Cashier  LIABILITIES  RESOURCES Loans and Discounts --- -------- $ Overdrafts ___________________ Other  Bonds,  Stocks  20,105.96 Capital Stock paid in—........... $  14,048.46  Time Deposits ............................  2,873.21  and  Warrants ____________  25,000.00  15.29 Demand Deposits ___________ _  104.00  Furniture and Fixtures---------  5,847.30  Cash _________________________  9,284.27  Due from Banks_____________  6,170.60  Other Resources _____________  394.25  41,921.67  T otal  Total  .?  41,931 67  FAIRHOPE— BANK OF FAIRHOPE Henry Crawford, President Wm.  McIntosh,  Vice-President  Geo.  RESOURCES  Other  __________________  Bonds,  W arrants  Stocks  25,000.00  .75 Surplus Fund ___________  8,000.00  Undivided  _________________  11,068.27  ________________________  E x-  penses and Taxes paid.  955.85  12,223.59 Time Deposits _________  87,697.27  Checks and Cash Items---------  188.00  Cash Items in Transit..............  49.80   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  139,112.56  65,340.01  $  Profits  5,400.00 Demand Deposits __ ___  Due from Banks _____________  T otal  Cashier  166,495.26 Capital Stock paid in___ ........$  and  Furniture and Fixtures_______ Cash  Martin,  LIABILITIES  Loans and Discounts________ $ Overdrafts  F.  260,765.68  T ota l  $  260,765.6S  ANNUAL REPORT FOR 1924  78  FAUNDSDALE— WATKINS BANKING COMPANY S. R. Bethea, President  Siddons Stollenwerck, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________? O v e rd ra fts-----------------------------  158,981.22 Capital Stock paid in________$  50.000.  00  5,576.02 Surplus F u n d ________________  31.000.  00  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Stocks  Profits  less  E x­  penses and Taxes paid_____ 30,824.00  16,510.98  Reserve for Taxes and In-  and  terest ______________________  2,631.36  W arrants __________________  8,350.00 Demand Deposits ____________  180,216.20  13,880.21 Time Deposits _______________  5,999.25  Cash  Bonds,  Undivided  ________________________  Due from Banks_____________  68,578.65  Checks and Cash Items______  167.69  Total  _____________________ $  286,357.79  Total  286,357.79  FAYETTE— CITIZENS BANK OF FAYETTE E, E. Thomason, Vice-President and Cashier  T. H. Robertson, President RESOURCES  LIABILITIES  Loans and Discounts ------------$ Overdrafts ___________________  434,887.09 Capital Stock paid in___ ___  Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Other  Bonds,  Stocks  27,600.00 Demand Deposits Time D e p o s its ____  and  W arrants ----------------------------  66,000.00  Furniture and Fixtures----------  2,871.00  Other Real Estate -----------------  4,575.00  Cash _________________________  16,572.16  Due from Banks_____________  98,384.36  Checks and Cash Items---------  273.67  Other Resources _____________  171.64  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  less  652,696.34  60,000.00 50,000.00  E x-  penses and Taxes paid_____  S.  Stamps ____________________  .....  1,361.42 Surplus Fund __ __  14,936.79  —  236,907.01  __________________  290,852.54  T o ta l ________________________ $  652,696.34  STATE SUPERINTENDENT OF BANKS  79  FLOMATON— ESCAMBIA COUNTY BANK J. B. Barnett, President John W . Taylor, Vice-President  J. A. Brooks, Assistant Cashier  C. G. Folsom, Cashier RESOURCES  LIABILITIES  Loans and D is co u n ts ------------ $ O verdrafts  43,473.54 Capital Stock paid in_________$ 4.51 Undivided  __________________  Profits  less  25,000.00  E x­  and  penses and Taxes paid______  1,101.64  W arrants __________________  4,635.00 Demand Deposits ____________  64,820.44  Other  Bonds,  Stocks  Furniture and Fixtures---------  2,628.67 T'ime Deposits __________________  Cash  9,908.05  ________________________  Due from Banks__________  2,220.01  27,162.79  Checks and Cash Items.............  329.53  Other Resources ........  5,000.00  Total ............... ................ ........$  93,142.09  Total ______________________ $  93,142.09  FLORALA— BANK OF FLORALA E. P. Rodwell, President D. A. McPhail, Vice-President  N. E. Wells, Assistant Cashier L. E. Wells, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------ $ Overdrafts _ ---------------------------  241,123.28 Capital Stock paid in________$  60,000.00  1,186.51 Surplus Fund ________________  25,000.00  Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Stamps ------------------------------Other  Bonds,  Stocks  Profits  less  E x­  penses and Taxes paid_____  S.  49,250.00 Reserve for  Taxes  terest _  and  9,044.83  and In­ 5,000.00  W arants -----------------------------  1 , 000.00 Demand Deposits  179,821.14  Banking House ---------------------  17,195.00 Time Deposits __  156,888.49  3,645.60  Furniture and Fixtures---------Other Real Estate -----------------  16,313.40  Cash  -------------------------------------  22,715.92  Due from Banks---------------------  79,817.54  Checks and Cash Items----------  2,416.53  Cash Items in Transit------ -----  1,064.40  Other Resources --------------------  26.28  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  435,754.46  T o ta l  ------------------------------- $  435,754.46  ANNUAL REPORT FOR 1924  so  FLORENCE— ALABAMA TRUST & SAVINGS BANK J. F. Koonce, President H. H. Holbrook, V ice-President  J. R. McGarry, Cashier  RESOURCES  LIABILITIES  Loans and Discounts .............. $  556,772.72 Capital Stock paid in.... ..........$  Overdrafts ___ Other  100,000.00  120.74 Surplus Fund ________________  Bonds,  Stocks  and  Undivided  W arrants ......  3,800.00  Banking House ___  Profits  less  20,000.00  E x­  penses and Taxes paid____  5,969.99  47,575.00 Demand Deposits ____________  440,328.34  Furniture and Fixtures______  3,000.00 Time Deposits _______________  145,114.92  Other Real Estate ___________  1,840.97  -Jotes and Bills Payable.........  25,000.00  Cash ....................  48,227.11  Due from Banks ............  44,277.41  Exchanges for Clearing House  7,790.21  Checks and Cash Items Se­ cured by Cotton..............  22,299.61  Cash Items in Transit------------  399.36  Other Resources .......................  308.52  Total .........................................$  736,413.25  Total ______________ 1_______$  736,413.25  FLORENCE— BANK OF EAST FLORENCE F.  E. Hennessee, President A.  R. E. W eatherly, Vice-President  LIABILITIES  RESOURCES Loans and Discounts  54,979.78 Capital Stock paid in------------- $  ---- ------$  27.99 Undivided  Overdrafts ------ ^................ ........  and  W.  Stamps .....  285.54 54,742.37  750.00 Time Deposits -----------------------  15,129.84  5,063.71  Cash _________________________  '  Due from Banks ........  7,928.59 15,455.83  Checks and Cash Items........ .   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25,000.00  E x­  9,401.99  Furniture and Fixtures ---------  T ota l  less  penses and Taxes paid-------  S.  Banking House .......—...............  Profits  Demand Deposits ------------------  U. S. Bonds, Certificates of Indebtedness  B. Staten, Cashier  1,549.86  $  95,157.75  T ota l  $  95,157.75  STATE SUPERINTENDENT OF BANKS  81  FOLEY— SOUTH BALDWIN STATE BANK W . F. Hilcher, President A. N. Hayselden, Vice-President  B. F. Patterson, Vice-President  Grady P. Gilbert, Cashier RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts __________________ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ____________________ Other Bonds, Stocks and W arrants __________________ Banking House -----Furniture and Fixtures______ Other Real Estate...................... Cash ________________________  116,623.75 Capital Stock paid in................ $ 502.40 Surplus Fund ________________ Demand Deposits ____________ Time Deposits...................  69,791.35 80,352.89  20.70 5,950.92 7,740.55 5,042.32 4,285.00 5,426.42  Due from Banks _____________  19,680.19  Checks and Cash Items_______ Other Resources ......  181.66 345.64  Total _________ _________ ....._$  15,000.00 655.31  165,799.55  T otal  ......... ...... .............................$  165,799.55  FOLEY— STATE BANK OF FOLEY Victor Gaar, President Geo. Hoik, Vice-President  Miles M. Morris, Assistant Cashier W. A. Stoddard, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________ $ Overdrafts ............... .................— Other Bonds, Stocks and W arrants __________________  235,686.62 Capital Stock paid in_________$ 94.36 Surplus Fund ________________  Banking House ______________ Furniture and Fixtures______ Other Real Estate _____ Cash _________________________  10,673.00 Demand Deposits ____________ 3,846.76 Time Deposits _____ 3,880.85 Notes and Bills Payable_____ 9,088.33  Due from Banks _____________  17,867.78  Checks and Cash Item s_____ Cash Items in Transit... ..........  198.12 202.84  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  8,858.16  290,396.82  Undivided Profits less E x ­ penses and Taxes paid____  Total  .$  25,000.00 6,000.00 926.97 127,451.60 111,018.25 20,000.00  290,396.82  ANNUAL REPORT FOR 1924  82  FORT DEPOSIT— FORT DEPOSIT BANK C.  M. Davis, President  J. S. Golson, Vice-President  B. C. Barganier, Jr., Assistant Cashier O. P. Edwards, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------$ O verdrafts ___________________ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ----  125,927.21 Capital Stock paid in________$ 479.94 Surplus Fund _____ . ----------------------Undivided Profits less E x-  25,000.00 19,000.00 5,437.98 110,447.55 53,219.42  Banking House ______________ Furniture and Fixtures_______ Other Real Estate ----------Cash _________________________ Due from Banks _________  penses and Taxes paid_____ 679.37 Demand Deposits — Tim e Deposits ____ 18,2311C Notes and Bills Payable 2,700 00 3,025.00 550.00 13,237.44 16,876.69  Checks and Cash Items--------Other Resources_____________ Demand Loans on Cotton------  53.26 2.87 41,342.01  Other Bonds, Stocks and W arrants ---------------------------  Total ______________________ $  223,104.95  Total ______________________ $  10,000.00  223,104.95  GADSDEN— ETOWAH TRUST & SAVINGS BANK J. B. Wadsworth, President B.  W . Duke, Vice-President  W . M. W adsworth, Assistant Cashier  J. W . Penn, Vice-President R.  D. C. W adsworth, Assistant Cashier  M. Wilbanks, Vice-President  E. G. Pan, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------$ Overdrafts ----------------------------Other Bonds, Stocks and W arrants ---------------------------Banking House ------------- '------Furniture and Fixtures--------Other Real Estate ---------------Cash -------------------------------------Due from Banks -------------------Exchanges for Clearing House Checks and Cash Items--------Cash Items in Transit-----------Other Resources -------------------T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  923,572.79 Capital Stock paid in_________$ 1,888.40 Surplus Fund _______________ Undivided Profits less E x ­ 41,630.00 penses and Taxes paid_____ 125,000.00 Demand Deposits ____________ 17,514.26 Time Deposits _______________ 17,265.93 Notes and Bills Payable______ 52,947.71 Notes and Bills Rediscounted  200,000.00 4,000.00 14,393.42 419,288.19 627,156.02 75,000.00 35,391.32  169,793.37 17,491.80 334.62 1,697.06 6,093.01  ....$ 1,375,228.95  T otal  ------- $ 1,375,228.95  83  STATE SUPERINTENDENT OF BANKS  GANTT— BANK OF GANTT Pollard Gantt, President Leon Gilchrist, Assistant Cashier  W . D. Riley, V ice-President  Claude Wright, Cashier  RESOURCES  LIABILITIES  Loans and D is co u n ts ________? Overdrafts ___________________  93,268.33 Capital Stock paid in_________$ 357 18 Surplus Fund ________________  Banking House ______________  1,588.91 Undivided  Profits  less  15,000.00 5,000.00  E x­  Furniture and Fixtures_______  1,975.00  penses and Taxes paid_____  2,862.04  Cash _________________________  5,969.76 Demand Deposits ____________  53,625.08  Due from B a n k s _____________  19,982.47 Time Deposits _______________  47,348.51  Checks and Cash Items______  659.78  Cash Item s in Transit________  30.00  Cash Short __________________  4.15  123,835.63  Total  123,835.63  Total  GAYLESVILLE— BANK OF GAYLESVILLE J. Robt. Henderson, President W ebb Chesnut, Cashier  J. E. Chesnut, Vice-President RESOURCES Loans and Discounts______  LIABILITIES $  Overdrafts -------- ------ —......  68,511.91 Capital Stock paid in________$  12,500.00  284.34 Surplus Fund_________________  25,000.00  Banking H ouse.......................  1,323.14 Undivided  Furniture and Fixtures-----  1,332.94  Other Real Estate-------------- —  Profits  less  E x­  penses and Taxes paid______  75.84  883.38 Demand Deposits____________  42,932.84  2,534.63 Time Deposits________________  30,073.06  35,698.02 13.38  Total _________ ____ _____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  110,581.74  T ota o ta l ________________________ $  110,581.74  84  ANNUAL REPORT FOR 1924  GEORGIANA— BUTLER COUNTY BANK Ulay W. Black, President W. R. Boone, Vice-President  E. T. Holloway, Assistant Cashier  A. J. Nall, Vice-President  Roy B. Smith, Assistant Cashier R. C. Fulford. Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$  298,173.25 Capital Stock paid in.................$  Overdrafts ........  140.04 Surplus Fund___________________  U. S. Bonds, Certificates o f Indebtedness  and  W.  Undivided  Profits  less  10,000.00  E x­  penses and Taxes paid____  S.  25,000.00  12,630.01  4,960.00 Demand Deposits____________  243,323.49  and  Time Deposits________________  127,355.72  W arrants .. ............................ -  4,300.00 Notes and Bills Payable______  30,000.00  Stamps Other  ------------  Bonds,  Banking  Stocks  House.....................  4,000.00  Furniture and Fixtures...........  4,967.27  Other Real Estate____________  17,225.00  Cash ......................  34,899.53  Due from Banks........................  63,832.91  Cash Items in Transit------------  187.48  Other Resources.........................  15,623.74  Total ...................................... ...$  Total ______________________ $  448,309.22  448,309.22  GENEVA— CITIZENS BANK J. J. Johnson, Sr., President D.  H. Morris, Sr., V ice-President  Jim Johnson, Jr., Cashier LIABILITIES  RESOURCES Loans and Discounts------------$ Other  Bonds,Stocks  W a r r a n ts -----------------  384,723.47 Capital Stock paid in----------- $  50,000.00  Surplus Fund---------- —  100,000.00  and —  Furniture and Fixtures---------  5,000.00 Undivided 1,179.00  Profits  less  25,122.60 Demand Deposits——  Due from Banks..........................  162,204.69 Tim e Deposits........ —  Checks and Cash Items--------Other  Resources___________—  Cash Short-----------------  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  29,331.15  penses and Taxes paid_____  —  C a s h .............................  E x-  392,183.50 6,000.00 1,455.00  273.62 Other Liabilities...... 44000 26.27  $  578,969.65  T otal  $  578,969.65  STATE SUPERINTENDENT OF BANKS  85  GILBERTOWN— PEOPLES BANK T. R. Lenoir, Chairman of Board J. E. McLemore, President  G. A. Rentz, Vice-President G. E. Foerster, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ___________________ Other  Bonds,  Stocks  99,393.36 Capital Stock paid in________$ 64.05 Surplus Fund_________________  and  Undivided  Profits  less  15,000.00 3,000.00  E x­  W a r r a n ts __________________  28,291.10  paid___  1,166.19  Banking H ouse-----------------------  2,800.00  Demand Deposits____________  66,973.50  Furniture and Fixtures._____  3,100.00  Time Deposits______________ __  59,788.10  Other Real Estate------------------  1,248.58 Notes and Bills Payable_____  Cash ________________________  9,207.13 Other  Due from Banks......... ..............  8,263.85  Checks and Cash Item s_____  560.06  Cash Items in Transit............  564.49  .$  Total ________________  153,492.62  penses and Taxes  7,500.00  Liabilities_______ _  Total  64.83  .... $  153,492 62  GLENWOOD— BANK OF GLENWOOD D. A. Batten, President  E. J. Dominey, Cashier  RESOURCES  LIABILITIES  Loans and Discounts..............$ Overdrafts Other  ______,i___________  Bonds,  Stocks  30,282.43 Capital Stock paid in________$  10,000.00  625.00 Demand Deposits......................  21,608.63  and  Time  W arrants _________________  3,000.00  Furniture and Fixtures______  3,013.24  Other Real Estate____________  1,504.75  Cash ________________________  1,697.93  Checks and Cash Items______  65.75  Cash Items in Transit..........  3,000.00  Impaired Capital--------------------  734.81   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  2,803.54  488.26 Notes and Bills Payable______  Banking House_______________  T otal  Deposits___________  S  44,412.17  T ota l  10,000.00  .$  44,412.17  ANNUAL REPORT FOR 1924  86  GOODWATER— PEOPLES TRUST AND SAVINGS BANK C.  H. Gilliland, President  J. S. Gilliland, Vice-President  K. S. Porter, Cashier  RESOURCES  LIAB ILITIES  Loans and Discounts------------$ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps ___________________ Other Bonds, Stocks and W arrants ______ Banking H ouse----------------------Furniture and Fixtures--------Other Real Estate___________ C a s h _________________________ Due from Banks-------------------Checks and Cash Items--------Cash Item s in Transit.—...... — Total ______________________ $  114,367.88 Capital Stock paid In________$ Surplus Fund________________ Undivided Profits less E x ­ 89,250.00 penses and Taxes paid_____ Demand Deposits____________ 300.00 Tim e Deposits _____________ 2,000.00 Notes and Bills Payable______ 2,882.00 300.00 6,815.70 29,140.17 1,237.73 82.51 246,375.99  Total ----------------------------------$  30,000.00 20,000.00 1,326.91 137,024.46 38,024.62 20,000.00  246,375.99  GORDO— MERCHANTS AND FARMERS BANK A. H. Dabbs, President A. M. Pearson, Vice-President  H. D. Davis, Assistant Cashier  J. F. Rainer, Vice-President and Cashier  W . B. Curry, Assistant Cashier LIABILITIES  RESOURCES Loans and Discounts-----— —$ Overdrafts Secured by Cotton Other Overdrafts-----------------Other Bonds, Stocks and W arrants --------------------------Banking H ouse--------------------Furniture and Fixtures--------Other Real Estate-----------------Cash ------------------------------------Due from B anks------------------Checks and Cash Items--------Cash Items in Transit------- — Other Resources-------------------T o ta l _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  375,258.56 Capital Stock paid in________$ 1,162.59 Surplus Fund_________________ 912.43 Undivided Profits less E x penses and Taxes paid___ 14.882.45 Demand Deposits______________ 4,522.02 Time Deposits_________________ 6,479.11 7,250.00 17.025.45 19,126.87 263.23 992.40 139.51 448,014.62  T o t a l ___  $  50,000.00 5,000.00 13,059.68 197,703.57 182,251.37  448,014.62  STATE SUPERINTENDENT OF BANKS  87  GORDON— BANK OF GORDON J. J. Marsh, President C. P. Bowden, V ice-President  S. W illoughby, Vice-President C. W . Long, Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- $  24,474.44 Capital Stock paid in_________$ 299.87 Surplus F u n d ________________  Overdrafts ___________________  Undivided  U. S. Bonds, Certificates of  Profits  less  11, 100.00 7,500.00  E x­  S.  penses and Taxes paid_____  199.29  ___________________  100.00 Demand Deposits ____________  36,201.27  Banking House______________  750.00 Tim e Deposits _______________  15,644.50  Furniture and Fixtures----------  750.00 Other Liabilities—Cash Over-  9.15  Indebtedness Stamps  and  W.  Cash --------------------------------------  2,232.55  Due from Banks_____________  42,047.35  70,654.21  Total  Total ______________________ $  70,654.21  GRAND BAY— GRAND BAY STATE BANK Colin MacDonald, President  C. H. Shearer, V ice-President  RESOURCES  LIAB ILITIES  Loans and Discounts------------- $ Overdrafts -----------------------------  48,605.32 Capital Stock paid in_________$  10,000.00  71.09 Surplus Fund ..........................  2,500.00  6,641.74 Undivided  Banking House --------------------Furniture and Fixtures---------  1,525.93  Profits  less  E x-  penses and Taxes paid  358.31  10,559.90 Demand Deposits _  Other Real Estate-----------------Cash ---------------------------------------  2,142.92 Time Deposits  Due from Banks---------------------  3,775.03 Notes and Bills Payable______  32,498.13 17,796.40 9,250.00  Other Liabilities .  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  73,321 93  Total  919.09  $  73,321.93  ANNUAL REPORT FOR 1924  88  GREENSBORO— PEOPLES BANK A. Lawson, President  L. J. Lawson, Jr., Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- $  132,913.27 Capital Stock paid in................ $ 5.00 Surplus Fund ________________  Overdrafts ___________ _______ U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  Profits  less  30,500.00 15,250.00  E x­  S.  penses and Taxes paid....... .  7,238.55  Stamps -------------------------------  8 , 000.00 Demand Deposits ____________  211,882.66  1,242.50 Time Deposits _______________  9,040.00  Furniture and Fixtures........— Cash _________________________  31,161.18  Due from Banks --------------------  95,627.91  Checks and Cash Items---------  2,167.30  Cash Items in Transit------------  2,794.05  273,911.21  Total  Total  273,911 21  GREENVILLE— BANK OF GREENVILLE G. H. Tatum. President Oscar Riley, Cashier  C. E. Hamilton, Vice-President  LIABILITIES  RESOURCES Loans and D iscounts------ --- - $  385,767.01 Capital Stock paid in................$ Surplus Fund ________________  Overdrafts— Secured, $3,136.47; Unsecured, $238.80 ________  3,375.27 Undivided  penses and Taxes  U. S. Bonds, Certificates of Indebtedness  and  W.  Other  Bonds,  Stocks  Reserve for  S.  Stamps ____________________  32,834.00  7,500.00  Furniture and Fixtures----------  3,399.00  Other Real Estate____________  5,000.00  Cash _________________________  47,615.75  Due from Banks______________  355,736.92  Checks and Cash Item s_____  1,301.84  Cash Items in Transit-----------  360.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  100,000.00  E x­  paid___  31,364.23  Taxes and In­  terest  2,700.00 312,972.28  39,150.00 Time Deposits ..............  Banking House ---------------------  T o ta l —  less  Individual Deposits ______  and  W arrants --- -----  Profits  ....$  882,039.79  T o ta l __  100,000.00  335,003.28  $  882,039.79  89  STATE SUPERINTENDENT OF BANKS  GROVE HILL— BANK OF GROVE HILL J. T. Pugh, President J. S. Chapman, Vice-President D.  L. R. Tucker, Cashier  P. Chapman, V ice-President  A. B. Pugh, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ___________________ U. S. Bonds, Certificates of Indebtedness and W . S. Stamps _____________ 1______ Other Bonds, Stocks and Warrants __________________ Banking House ______________ Furniture and Fixtures ______ Other Real Estate ___________ Cash _________________________ Due from Banks _____________  25,711.56 Notes and Bills Payable______ 1,000.00 Bonds Borrowed _____________ 1,000.00 6,900.00 20,787.92 25,441.52  Checks and Cash Items_______ Other Resources _____________ Total  390,112.39 Capital Stock paid in_________$ 519.50 Surplus Fund ________________ Undivided Profits less E x­ penses and Taxes paid..... . 15,600.00 Demand Deposits ____________ Time Deposits _______________  30,000.00 15,000.00 9,071.88 238,940.41 143,664.97 45,000.00 7,150.00  178.39 1,545.98  $  488,827.26  Total  _____ $  488,827.26  GUIN— COMMERCIAL SAVINGS BANK R. R. W right, President D. M. Sizemore, V ice-President  W . I. Springer, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ___________________ Banking House --------------------Furniture and Fixtures ______ Other Real Estate -----------------  92,108.61 Capital Stock paid in_________$ 109.81 Surplus Fund ________________ 4,570.00 Demand Deposits ______________ 3,750.00 Time Deposits _________________ 750.00  Cash _________________________  7,106.43  Due from Banks -------------------Checks and Cash Item s______  12,347.83 663.02  Advance on Cotton __________  6,745.00  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  128,150.70  T ota l  ___ ?  25,000.00 2,502.02 73,354.02 27,294.66  128,150.70  ANNUAL. REPORT FOR 1924  90  GUIN— MARION COUNTY BANKING COMPANY Maick Pearce, President J. B. Hodges, Cashier  E. B. Fite, V ice-President  Mae Dunn, Assistant Cashier  G. W . Coleman, Cashier  T. P. Allmon, Assistant Cashier  M. Milhcon, Assistant Cashier  LIABILITIES  RESOURCES Loans and Discounts —  $  —  886.38 Surplus Fund ________________  Overdrafts ___________________ Other  Bonds,  Stocks  273,987.76 Capital Stock paid in_________$  Undivided  and 22,427.70  W arrants __________________  Profits  less  25,000.00 40,000.00  E x­  penses arid Taxes paid_____  5,292.74  Banking H o u s e ______________  2.500.00 Demand D e p o s its ________________152,795.14  Furniture and F ix tu r e s ______  1.500.00 Time D e p o s it s _______________  118,456.71  Other Real E s t a t e __________  5,201.06 Notes and Bills Payable______  10,000.00  Cash --------------------------------------  19.749.30 Notes and Bills Rediscounted-  26,202.83  Due from B a n k s _____________  33,884.20 Other Liabilities—Cash Over..  48.19  Due  from  Federal  Reserve  Bank ______________________  15.081.31  Checks and Cash Items----------  1,213.33  Other R e s o u r ce s_____________  1,364.57  377,795.61  Total  Total  $  377,795.61  GUNTERSVILLE— CITIZENS BANK OF GUNTERSVILLE G. B. Zettler, President W . C. Rayburn, Vice-President  J. H. Williams, Cashier  RESOURCES Loans and Discounts-----------  LIABILITIES  4  O v e rd ra fts _________________ U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Stocks  174,480.88 Capital Stock paid in... 26.75 Surplus F u n d _________ Undivided  W arrants __________________  E x­  penses and Taxes paid____ Demand Deposits __________ 11,800.00 Notes and Bills Payable..  5,044.14 243,431.60 10. 000.  14,019.00 2.465.00  Other Real E s t a t e --------  7.250.00  C a s h ____________________  17,894.28  Due from Banks  66,977.76 1,062.07  Checks and Cash Items..   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  25.000. 00 12,500.00  and  Furniture and Fixtures..  T o ta l  Profits  -4  .4  295,975.74  T o ta l  4  295,975.74  00  STATE SUPERINTENDENT OF BANKS  91  HACKLEBURG— BANK OF HACKLEBURG J. L. W ilson, President C. P. Lunsford, Vice-President  A. L. W iginton, Cashier LIABILITIES  RESOURCES Loans and D is co u n ts ________$  Other  Bonds,  W arrants  Stocks  67,973.95 Capital Stock paid in_------------$ 60.35 Surplus F u n d ________________  O v e rd ra fts ----------------------------and  Undivided 3,660.25  _________________  Banking House ______________ C a s h _________________________ Due from B a n k s _____________  Profits  less  10 , 000.00 11 , 000.00  E x-  penses and Taxes paid-------  2,203.35  1 , 000.00 Demand Deposits ____________  98,288.07  7,057.24 Cash Over ___________________  28.47  31,686.48  Checks and Cash Items______  69.58  Cash Items in Transit________  10,012.04  Total ______________________ $  121,519.89  .$  Total  121,519.89  HALEYVILLE— TRADERS & FARMERS BANK W . W . Haley, President E. T. Haley, Cashier  W . A. Walker, Vice-President  LIABILITIES  RESOURCES Loans and D is c o u n ts ________$  207,441.97 Capital Stock paid in------------- $  33,100.00  Overdrafts Secured b y Cotton  1,127.04 Surplus Fund -------------------------  16,550.00  Undivided  U. S. Bonds, Certificates of  Profits  less  E x­  S.  penses and Taxes paid_____  8,281.90  Stamps -------------------------------  10,450.00 Demand Deposits ____________  213,290.14  Time Deposits _______________  171,999.80  Indebtedness  Other  Bonds,  and  W.  Stocks  and  W arrants ---------------------------  10,130.00  Banking H o u s e ---------------------  3,530.54  Furniture and Fixtures---------  4,146.70  Other Real E s t a t e ___________  5,588.56  C a s h _________________________  34,181.20  Due from B a n k s --------------------  163,709.73  Checks and Cash Items_______  603.70  Cash Items in Transit------------  2,312.40  T o t a l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  443.221.84  T o t a l ________________________ S  443.221.84  92  ANNUAL REPORT FOR 1924  HANCEVILLE— MERCHANTS BANK W . C. Griffeth, President Edd Ashwander, Vice-President  C. H. Gray, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts_________3  77,503.68 Capital Stock paid in_________$ 39.96 Surplus Fund _______________  Overdrafts! ___________________ U. S. Bonds, Certificates of Indebtedness  and  W,  Undivided  Profits  less  5,100.00 Demand Deposits ....................  Banking House ______________  10,000.00  E x­  penses and Taxes paid_____  S.  Stamps ____________________  10,000.00  8,914.95 132,198.38  1,795.74  Furniture and Fixtures ______  2,768.06  Cash _________________________  17,856.49  Due from Banks _____________  54,392.73  Checks and Cash Items _____  468.00  Cash Items in Transit________  1,175.00  Other Resources .......  13.67  Total ----------------------------------$  161,113.33  Total ______________________ $  161,113.33  HARTFORD— BANK OF HARTFORD W . F. Clemmons, President B. G. Farmer, Vice-President  G. C. Sausbury, Vice-President D. S. Folsom. Cashier LIABILITIES  RESOURCES  Loans and Discounts — ......... % 185,013.34 Capital Stock paid in------------$  50,000.00  Overdrafts -----------------------  14,000.00  92.96 Surplus Fund ________________  Geneva County Warrants------  428.00 Undivided  Profits  less  E x­  Banking House ______________  5,000.00  penses and Taxes paid...... ....  2,014.50  Furniture and Fixtures ______  3,200.00 Demand Deposits ____________  188,842.87  Other Real Estate ___________  500.00  Cash _________________________  14,470.00  Due from Banks _____________  43,913.06  Checks and Cash Items______  2,140.01  Cash Items in Transit _______  100.00  rratal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  254,857.37  Total  ._.$  254.857.37  93  STATE SUPERINTENDENT OF BANKS  HARTSELLE— BANK OF HARTSELLE Arthur Stephenson, President I.  V. Griffin, Vice-President  M. Pattello, V ice-President Jas. E. Peck, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------$ Overdrafts ----------------------------Other  Bonds,  Stocks  259,343.04 Capital Stock paid in ________$  25.000.  00  1,640.49 Surplus Fund _______________  21 . 000 .  00  Undivided  and  Furniture and Fixtures ______ Other Real E s t a t e ___________  E x8,827.64 198,904.74  1.950.00 Time Deposits __________  116,837.71  Cash -------------------------------------Due from B a n k s _____________  75,196.11  Checks and Cash Items...........  4.402.00  Cash Short _________________  6.54  __ $  less  3,657.66 Demand Deposits _______  20,124.25  Total  Profits  penses and Taxes paid.  4.250.00  W arrants _______________ ___  370,570.09  Total  $  370,570.09  HARTSELLE— FARMERS & MERCHANTS BANK J. P.  F. Stewart, President  W. Barclift, Vice-President E.  W. D. Barclift, Assistant Cashier F. Mittwede, Cashier  RESOURCES Loans and Discounts ________$ Overdrafts ___________________ Other  Bonds,  Stocks  LIABILITIES 337,439.65 Capital Stock paid in................ $ 204.11 Surplus Fund  and  W arrants __________________  ---------------------  Undivided Profits 4,150.00  less  50,000.00 4,500.00  E x­  penses and Taxes paid.........  6,540.05  Furniture and Fixtures..........  5,224.71 Demand Deposits ____________  286,011.67  Other Real Estate ___________  1,000.00 Time Deposits ______  Cash  ________________________  Due from Banks _____________ Due  from  Federal  24,364.37 Notes and Bills Payable_____ 84,688.62 Notes and Bills Rediscounted..  Bank ______________________  7,008.26 4,099.80  Other Resources _____________  137.36   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  20,839.55  Reserve  Checks and Cash Item s___ ___  T ota l  84,650.61 15,775.00  468,316.88  T o ta l _____________________ __ $  468,316.88  94  ANNUAL, REPORT FOR 1924  HAZEL GREEN— HAZEL GREEN BANKING COMPANY L. A. Tanner, President  Roy L. Allison, Cashier  RESOURCES  LIABILITIES  Loans and D is co u n ts ________$ Overdrafts ___________________  44,719.61 Capital Stock paid 4.32 Undivided  Profits  in_______ $ less  10,000.00  E x­  Banking House ______________  2,259.41  penses and Taxes paid_____  163.53  Furniture and Fixtures______  2,031.86 Demand D e p o s its ____________  29,213.97  Cash  3,414.70 Time Deposits _______________  18,938.56  ________________________  Due from Banks ____________  5,783.44  Checks and Cash I te m s ______  102.72  Total ______________________ $  58,316.06  Total _____________________ $  58,316.06  HEFLIN— BANK OF HEFUN J. M. Atkins, President W . P. Acker, Vice-President  J. L. Atkins, Assistant Cashier Fred Osborn, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------$  183,770.01 Capital Stock paid in_________$ 52.25 Surplus Fund ________________  Overdrafts ___________________ U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Bonds,  Stocks  Banking House ______________ Furniture and Fixtures______ Other Real Estate ___________  7.416.67  terest ______________________  1.426.67  10.000.  00 Demand Deposits ____________  174,193.28  6, 000.00 Tim e Deposits _______________  99,487.47  2,051.01 Other Liabilities _____________  20.20  10,810.76  C a s h --------------------------------------  15,095.33 99,597.90  Checks and Cash I te m s ______  139.17  Other R e s o u r c e s --------------------  27.86   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  E x­  00 Reserve for Taxes and In­  Due from B a n k s ------------------  .$  00 00  30.000.  and  W arrants _______ __________  T o ta l  less  penses and Taxes paid______  Stamps ------------------------------Other  Profits  50.000. 25.000.  357,544.29  T o ta l  .$  357,544.29  STATE SUPERINTENDENT OF BANKS  95  HUNTSVILLE— FARMERS STATE BANK T. T. Terry, President Jeff. H. Terry, Vice-President  J. E. McCaleb, Vice-President  W . A. Burgess, Vice-President  D. E. Henderson, Cashier  J. L. Griffin, Assistant V ice-President  C. H. Tribble, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts— Secured $13,939.79; U nse­ cured $34.94________________ Other Bonds, Stocks and W arrants __________________ Banking House ______________ Furniture and Fixtures______ Other Real Estate____________ Cash ________________________ Due from Banks_____________ Due from Federal Reserve Bank ______________________ Checks and Cash Items______ Cash Items in Transit---------Other Resources______________ Customers Liability A ccount o f Acceptances ____________  562,480.97 Capital Stock paid in________$ 100,000.00 30,000.00 Surplus Fund________________ Undivided Profits less E x ­ 13,974.71 2,010.40 penses and Taxes paid______ Demand D e p o s its _____ __ 266,678.43 28,440.62 Tim e Deposits_______________ 210,054.39 20,000.00 Notes and Bills Payable------25,000.00 3,076.50 Notes and Bills Rediscounted 101,064.51 15,266.13 Acceptances Executed for 14,619.77 Customers ________________ 21,500.00 21,422.70 32,995.94 9,330.17 6,989.14 6,211.08 21,500.00 756,307.73  Total  ..$  Total ...  756,307.73  HUNTSVILLE— HUNTSVILLE BANK & TRUST COMPANY J. B. W oodall, President Chas. C. Anderson, V ice-President  W m . P. Cooper, Vice-President  R. H. Gilliam, Cashier LIAB ILITIES  RESOURCES Loans and Discounts________$ O v e rd ra fts ----------------------------Other Bonds, Stocks and W arrants _________________ Furniture and F ix tu re s ______ Other Real Estate __________ Cash ________________________ Due from Banks_____________ Exchanges for Clearing House Checks and Cash Item s______ Cash Items in Transit_______ Other R e s o u r ce s _____________ T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  618.304.74 Capital Stock paid in------------$ 167.51 Surplus F u n d ________________ Undivided Profits less E x ­ 6,000.00 penses and Taxes paid____ 7,500.00 Demand Deposits____________ 27,800.00 Time Deposits----------------------41,609.04 121,601.54 9,678.84 7,540.57 12,850.10 531.13 853,583.47  T ota l  .$  150,000.00 35,000.00 20,091.92 396,883.93 251,607.62  853,583.47  96  ANNUAL REPORT FOR 1924  HUNTSVILLE— W. R. RISON BANKING COMPANY A.  L. Rison. President  H. M. Rhett, Vice-President  Ashford Todd, Cashier  J. W. McAllister, Vice-President  I. W . Walker, Assistant Cashier  RESOURCES  LIABILITIES  Loans and D iscounts......... $ 1,568,846.11 Overdrafts  __________________  2,346.61 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Bonds,  Stocks  Profits  less  14,897.00  100,000.00 100,000.00  E x­ 138,935.45  penses and Taxes paid___  Stamps ____________________ Other  Capital Stock paid in........... .... $  Reserve for Taxes________  5,645.72  and  Demand Deposits ___________  W arrants __________________  66,694.40 Time Deposits _______________  657,785.47  Banking House ______________  6,000.00 Notes and Bills Payable______  290,000.00  Furniture and Fixtures...........  834,444.31  2,000.00  Other Real Estate________  124,337.06  Cash ............................................  80,764.44  Exchanges for Clearing House  9,565.71  Checks and Cash Items.._____  15,265.47  Cash Items in Transit.............  5,071.27  Total .................................... ....$ 2,126,810.95  Total ........................................ $ 2,126,810.95  HURTSBORO— BANK OF HURTSBORO W.  T. S. Davis, President RESOURCES  T. Davis, Cashier  LIABILITIES  Loans and Discounts.........................95,573.75 Capital Stock paid in___ ____ $ Overdrafts _____________ ___ — Other  Bonds,  Stocks  3,174.77 Surplus Fund _________________  and  Undivided  W arrants _________  493.00  Profits  less  25,000.00 15,000.00  E x­  penses and Taxes paid______  5,321.24  Banking House .... ...............  1,500.00 Demand Deposits ______________  72,374.97  Furniture and Fixtures............  2,086.45 Time Deposits _________________  34,771.04  Other Real Estate ..............  8,664.01  Cash ____________________  7,286.72  Due from Banks _____________  33,685.09  Other Resources ____________  3.46  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  152,467.25  T ota l  .$  152,467.25  97  STATE SUPERINTENDENT OF BANKS  HURTSBORO— FARMERS & MERCHANTS BANK R. M. Hall, President D. P. Lloyd, V ice-President  Myrtle Lloyd, Assistant Cashier S. B. Williams, Cashier  RESOURCES  LIABILITIES  Loans and Discounts..............—$ Other  Bonds,  Stocks  114,196.88 Capital Stock paid in________$  and  31,400.00  Surplus Fund ________________  W arrants—Stock inF. R. B.  1,400.00 Undivided  Profits  less  15,000.00  E x­  Furniture and Fixtures---------  1,350.00  Other Real Estate ........  7,019.64 Demand Deposits ______  66,022.51  Cash _________________ _______ -  7,479.99 Time Deposits _______________  15,964.10  Due from Banks______________  6,753.09 Notes and Bills Rediscounted..  9,464.83  Due  from  Federal  penses and Taxes  paid___  4,713.63  Reserve  Bank ______________  4,365.47  Total _________________ ___ 142,565.07  Total .........................................$  142,565.07  JACKSON— JACKSON BANK & TRUST COMPANY S. H. Andrews, President H. M. McLeod, Vice-President  J. D. Guy, Assistant Cashier G. G. Warren, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ___________________  341,388.41 Capital Stock paid in_________$ 289.61 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  less  18,000.00  E x­  S.  penses and Taxes paid_____  11,608.28  16,989.48 Demand Deposits ____________  260,777.86  Time Deposits _______________  152,773.26  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  29,000.00  Stocks  and  W arrants __________________  24,582.00  Banking House ______________  900.00  Furniture and Fixtures______ Cash  900.00  ________________________  17,888.77  Due from Banks _____________  67,784.26  Checks and Cash Items_______  1,436.87  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  472,159.40  T ota l  $  472,159.40  ANNUAL REPORT FOR 1924  98  JASPER— CENTRAL BANK & TRUST COMPANY T. J.  B. Dilworth, President  J. Curtis, V ice-President  J. W . Strange, Assistant Cashier  A. F. Fite, Vice-President  J. B. Burton, Assistant Cashier O. F. Cobb. Cashier  RESOURCES  LIABILITIES  Loans and Discounts,..............$  707,164.01 Capital Stock paid in_________$  Overdrafts __________ Other  Bonds,  14.13 Surplus Fund ________________  Stocks  and  Undivided  W arrants __________________  1,800.00  Banking H o u s e ______________  Profits  4,750.00  10,000.00  E x­  penses and Taxes paid_____  12,000.00 Reserve for  Furniture and Fixtures_______  less  50,000.00  23,052.71  Taxes and In­  terest ----------------------------------  194.68  Other Real E s ta t e ___________  13,981.45 Demand Deposits ____________  342,105.19  C a s h _________________________  23,292.44 Time D e p o s it s -----------------------  245,365.34  Due from Banks _____________  33,885.33 Notes and Bills Payable______  75,000.00  Notes and Bills Rediscounted..  106,977.98  Due  from  Federal  Reserve  Bank ______________________  54,459.66 Reserved  for  Unearned  In­  terest ______________________  Exchanges for Clearing House  2,487.42  Checks and Cash Items_______  4,861.46 Reserved  for  Accrued  terest ___________ Total ______________________ $  858,695.90  3,000.00  In ­ 3,000.00  T o t a l ___________ __________ $  858,695.90  JASPER— JASPER TRUST COMPANY W . S. Childers, President J. W. Shepherd, Vice-President  Schley O’Rear, Assistant Treasurer  A. S. Preston, Treasurer RESOURCES  LIABILITIES  Loans and Discounts_________$ Other  Bonds,  Stocks  694,021.09 Capital Stock paid in________  50.000.  00  Surplus Fund ________________  25.000.  00  and  W arrants __________________  5,750.57 Undivided  Profits  less E x ­  Banking House _____________  15,062.44  penses and Taxes paid____  85,852.90  Furniture and Fixtures _____  13,351.30 Demand Deposits ____________  487,288.36  8,358.33 Time Deposits _______________  108,656.78  Other Real E s t a t e ___________ Cash  ________________________  33,374.19 Notes and Bills Payable____  Due from B a n k s _____________  33,459.38  Exchanges for Clearing House  2,300.00  Checks and Cash Items______  391.96  Other Resources _____________  728.78  T o ta l ....   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  806,798.04  T o ta l ....  ...?  50.000.  806,798.04  00  99  STATE SUPERINTENDENT OF BANKS  JONES MILL— PEOPLES BANK J. B. Barnett, President J. F. Busey, Vice-President  W. A. Giddens, Assistant Cashier B.  H. Stallworth, Cashier  RESOURCES  LIAB ILITIES  Loans and Discounts ________$ Overdrafts .... ......... Other  Bonds,  98,347.24 Capital Stock paid in________$ 148.16 Surplus Fund _____  Stocks  and  Undivided  W arrants __________________  2,672.18  Profits  less  E x-  penses and Taxes paid........  Banking House __________  2,181.01 Demand Deposits .... --- ----  Furniture and Fixtures_______  2,911.94 Time Deposits ........ ______  Other Real Estate......................  2,964.95  Cash ________________________  22,656.40  Due from B a n k s _____________  108,227.76  Total _____________ ________ $  240,109.64  30,000.00 '3,000.00  —  _________  Total ______________________ $  6,927.79 170,095.16 30,086.69  240,109.64  KENNEDY— BANK OF KENNEDY J. P. Kennedy, President U. T. Propst, V ice-President  J. L. Kennedy, Cashier  RESOURCES Loans and Discounts ________$ Overdrafts ___________________ Banking House ______________  LIABILITIES 52,154.80 Capital Stock paid in_________$ 613.11 Surplus Fund ________________ 1,170.00 Undivided  Profits  less  15,000.00 15,000.00  E x­  Furniture and Fixtures ______  1,287.90  penses and Taxes paid........  7,410.37  Cash  6,329.41 Demand Deposits ____________  107,986.38  107,121.74 Time Deposits _______________  23,280.21  ________________ _______ _.  Due from Banks ___ .'________  T ota l ________________ _______ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  168,676.96  T ota l ________________________ $  168,676.96  100  ANNUAL REPORT FOR 1924  KINGSTON— FARMERS & MERCHANTS BANK F.  A. Symonds, President  J. L. Atkins, Vice-President  W . L. Stephens, Assistant Cashier J. F. Brunson, Cashier  RESOURCES  L IA B I L I T IE S  Loans and Discounts ________$  67,286.48 Capital Stock paid in____ ------ $  Overdrafts ________________  2,303.49 Surplus Fund ______  Banking House ______________  2,000.00 Undivided  Furniture and Fixtures ______  2,400.00  Other Real Estate ___________  8,356.00 Reserve  Cash _________________________  4,033.50  Due from Banks _____________ Checks and Cash Items______  Profits  2,000.00 less  E x1,949.29  penses and Taxes paid.— for  Taxes  and  In—  terest ____________  698.00  ...  32,142.44 Demand Deposits ....  65,811.75  144.12 Time Deposits ____  Other Resources _____________  25,000.00  23,208.92  1.93  Total ______________________ % 118,667.96  Total ______________________ $  118,667.96  LA FAYETTE— BANK OF LA FAYETTE L. S. Schuessler. President D. T. Tatum, Cashier  M. C. Ratchford, Vice-President RESOURCES Loans and Discounts ________$ Overdrafts ___________________ Other  Bonds,  Stocks  LIABILITIES 452,399.83 Capital Stock paid in________$ 715.23 Surplus Fund __ __  and  W arrants __________________ Banking House ______________ Furniture and Fixtures ______  Undivided 13,747.37  Profits  ........... less  20,000.00  E x15,825.88  penses and Taxes paid.........  7,500.00 Demand Deposits ...  214,981.97  1,500.00 Time Deposits ____ —  126,141.46  Cash _________________________  17,677.52 Notes and Bills Payable...........  Due from Banks _____________  37,157.75 Cash Over________  Checks and Cash Items ______  812.89  Cash Items in Transit________  446.10  T o ta l ____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ___ $  100,000.00  531,956.69  T ota l  55,000.00 7.38  .?  531,956.69  STATE SUPERINTENDENT OF BANKS  101  LA FAYETTE— CHAMBERS COUNTY BANK J. M. Tucker. President G. E. Collins, Vice-President  J. J. Tucker, Cashier  RESOURCES Loans and Discounts ________$  LIABILITIES 406,001.64 Capital Stock paid in________$  Overdrafts ___________________  3,906.09 Surplus Fund ____  Banking House ______________  6,000.00 Undivided  Furniture and Fixtures----------  2,000.00  Due from B a n k s --------------------  60,017.16 Time Deposits ___  E x-  38.16  Cash Items in Transit_______  971.02  Other Resources _____________  1,725.00  495,064.50  14,494.77 229,069.58  --------- ---------  —  934.53 Notes and Bills Payable..........  Checks and Cash Items______  Total ______________________ $  less  penses and Taxes paid____  13,470.90 Demand Deposits ~  Exchanges for Clearing House  50,000.00  Profits  Cash _________________________  75,000.00  Total ______________________ |  51,500.15 75,000.00  495,064.50  LEEDS— LEEDS STATE BANK A. W . Bell  President J. M. Spruell, V ice-President  C. F. Lewis, Vice-President J. M. Pledger, Vice-President  J. C. Roberts, Cashier  RESOURCES Loans and Discounts------------- $ Overdrafts  __________________  LIABILITIES 212,073.91 Capital Stock paid in________$ 48.52 Surplus Fund ..........  Banking House ______________  2,007.50 Undivided  Furniture and Fixtures ______  2,172.16  Other Real Estate ___________  1,902.62 Demand Deposits ....  Profits  ........... less  Ex-  penses and Taxes paid____  Cash _________________________  12,088.99 Time Deposits ......... ...........  Due from Banks ____________  16,046.32  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  246,940.02  25,200.00 10,000.00  T o ta l ________________________ $  4,636.80 99,598.56 107,504.66  246,940.02  102  ANNUAL REPORT FOR 1924  LEXINGTON— BANK OF LEXINGTON A. L. Phillips, President L. M. Foster, Vice-President  B. A. Porter, Assistant Cashier  Chas. P. McMeans, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$  118,601.36 Capital Stock paid in_________$  Overdrafts ___________________ Other  Bonds,  Stocks  15,000.00  59.59 Surplus Fund ________________  and  Undivided 1,375.00  W arrants __________________  Profits  less  4,000.00  E x­  penses and Taxes paid_____  12,279.41  Banking House ______________  658.65 Demand Deposits ____________  133,735.79  Furniture and Fixtures ______  1,514.83 Time Deposits _______________  51,593.67  C a s h ______ ___________________  9,252.11 Other Liabilities _____________  159.37  Due from B a n k s _____________  84,023.90  Checks and Cash Items_______  1,282.80  Total  .$  216,768.24  Total  ___ $  216,768.24  LINCOLN— LINCOLN BANK & TRUST COMPANY J. H. Wilson, President W . H. W elch, Cashier  G. L. Schmidt, V ice-President  RESOURCES Loans and Discounts ________$  LIABILITIES 67,881.59 Capital Stock paid in_________$  25,000.00  Overdrafts ___________________  31.62 Surplus Fund ________________  Banking H o u s e ______________  3,754.88 Demand Deposits ____________  8,680.17  Furniture and Fixtures ______  3,009.59  Time Deposits_______________  1,225.62  Other Real Estate ___________  3,271.24 Notes and Bills Payable._____  43,000.00  Cash ____________________ _____  1,228.27  Due from B a n k s _____________  1,264.16  Other Resources _____________  1,534.44  T ota l  ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  81,975.79  T ota l ________________________ $  4,000.00  81,975.79  103  STATE SUPERINTENDENT OF BANKS  LINDEN— MARENGO COUNTY BANK W m . Cunningham, President J. E. Williams, V ice-President  Irving Adams, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ..............  123,617.35 Capital Stock paid in— _____ $  Banking House ___ __________  2,850.00 Undivided  Furniture and Fixtures_____  2,269.30  Other Real Estate .................. .  Profits  less  E x-  penses and Taxes paid____  11,108.79  Due from Banks  ............... .....  34,186.71  Checks and Cash Items______  792.55  $  176,358.74  2,954.72 138,291.54  948.97 Demand Deposits  Cash .................... .........................  25,000.00 3,000.00  585.07  7,112.48  Total ..................... __________$  176,358.74  LINEVILLE— FARMERS & MERCHANTS BANK W. E. Carpenter, President T. R. Bell, Vice-President  S. L. Dean, Assistant Cashier R. C. Smith. Cashier  RESOURCES Loans and Discounts ________$ Overdrafts ___________________ Banking House ______________ Furniture and Fixtures ______  LIABILITIES 206,438.66 Capital Stock paid in ________$ 473.38 Surplus Fund __________________ 5,600.00 Undivided 2,850.00  Profits  10,000.00  E x­  paid____  13,028.93  Other Real Estate ___________  13,902.47 Demand Deposits ____________  186,121.77  Cash _________________________  15,344.97 Time Deposits _______________  69,556.45  Due from Banks ____________  16,159.67 Notes and Bills Payable_____  40,000.00  Checks and Cash I te m s ______  1,403.13  Other Resources _____________  2,868.69  Cotton Bills o f Exchange_____  103,666.18  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  penses and Taxes  less  50,000.00  368,707.15  T otal  368,707.15  ANNUAL REPORT FOR 1924  104  LIVINGSTON— BANK OF SUMTER W . W . Patton. President W . S. Nichols, Cashier  J. P. Kelly, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts_____ ___ $ O verdrafts ___________________  389,817.05 Capital Stock paid in.............. $ 401.10 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  less  30,000.00  E x­  S.  penses and Taxes paid______  26,854.19  900.00 Demand Deposits ___________  202,199.98  and  Time Deposits ______________  103,781.08  W arrants __________________  13,500.00 Notes and Bills Payable______  70,000.00  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  30,000.00  Stocks  Banking House ______________  4,000.00  Furniture and Fixtures______  2,000.00  Cash _________________________  27,622.07  Due from Banks _____________  24,386.93  Checks and Cash Items...........  208.10  Total __________________ ___ $  462,835.25  Total __ _____ ______________ $  462,835.25  LIVINGSTON— McMILLAN & CO., BANKERS T. M. Tartt. President T. M. Tartt, Jr., Cashier  J. A. Mitchell, Vice-President  LIABILITIES  RESOURCES Loans and Discounts ________$ Overdrafts—Cotton __________  196,591.94 Capital Stock paid in------------------- 50,000.00 18,062.10 Surplus Fund ------------------------Undivided  U. S. Bonds, Certificates of  Profits  less  S.  penses and Taxes paid_____  Stamps ____________________  1,600.00 Reserve for Taxes and In­  Indebtedness  Other  Bonds,  and  W.  Stocks  terest ______________________  and  W arrants __________________  10,000.00  E x­  1,750.37 Demand Deposits ________  18,406.20  70.62 161,312.44  Banking House ---------------------  18,548.90 Tim e Deposits _______________  30,951.49  Furniture and Fixtures---------  2,000.00 Notes and Bills Payable______  60,000.00  Cash ______________________J___  13,768.81  Due from Banks ________  98,416.63  Checks and Cash Items.—____  T o ta l  __________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  2.00  330,740.75  T o ta l  330,740.75  STATE SUPERINTENDENT OF BANKS  105  LOUISVILLE— BANK OF LOUISVILLE F. B. Pierce, President J.  P.  Grant, Vice-President  Harrell Hobdy,  Assistant Cashier  R. E. Flournoy, Cashier  RESOURCES Loans and Discounts ------------$ Overdrafts ___________________  LIABILITIES 83,406.43 Capital Stock paid in_________$ 188.65 Surplus F u n d ________________  Banking House ______________  2,000.00 Undivided  Furniture and Fixtures ______  1,847.25  Profits  less  25,000.00 5,000.00  E x­  penses and Taxes paid_____  4,347.09  Other Real Estate -----------------  300.00 Demand Deposits ____________  86,423.09  Cash _________________________  10,760.37 Time Deposits _______________  23,000.00  Due  from  Federal  Reserve  Bank ______________________  44,830.13  Checks and Cash Items----------  69.10  Other Resources _____________  368.25  Total ______________________ $  143,770.18  Total ___ __________________ $  143,770.18  LOUISVILLE— BARBOUR COUNTY BANK M. C. Bell, President O. L. Bryan, Vice-President  Louise Lee, Assistant Cashier J. H. Blair, Cashier  RESOURCES Loans and Discounts ________$ O v e rd ra fts___________________ Furniture and Fixtures ______  LIABILITIES 47,759.46 Capital Stock paid in................$ 121.68 Surplus Fund ________________ 1,800.00 Undivided 214.99  Profits  less  15,000.00 3,000.00  E x­  penses and Taxes paid______  1,009.85  Cash _________________________  8,583.90 Demand Deposits ____________  67,559.49  Due from Banks _____________  32,409.90 Time Deposits ________________  4,772.05  Other Real Estate -----------------  Checks and Cash Items_______  440.26  Cash Short __________________  11.20  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  91,341.39  T ota l  91,341.39  ANNUAL REPORT FOR 1924  106  LOXLEY— LOXLEY STATE BANK J. W . Randall, President O. F. E. W inberg, Vice-President  Carl L. Schlich, Cashier  RESOURCES  LIABILITIES 64,101.36 Capital Stock paid in________$  Loans and Discounts ------------$  Other  Bonds,  Stocks  and  Undivided 1,117.02  W arrants ----------------------------  4,750.00 Reserve  Furniture and Fixtures -------  3,282.40  Other Real E s t a t e ----------------________________________  less  2,000.00  E x­ 346.76  for Taxes and In­  terest ----------------------------------  30.72  250.«0 Demand Deposits ____________  53,327.22  3,442.52 Time Deposits _______________  28,661.21  16,799.67  Due from Banks _____________ Checks and Cash Items.  7.06  Cash Items in T ra n sit-  220.30  Other Resources ----------  284.71  ____________ $  Total  Profits  penses and Taxes paid____  Banking House ______________  Cash  10,000.00  110.87 Surplus Fund ________________  Overdrafts ___________________  94,365.91  Total ______________________ $  94,365.91  LUVERNE— BANK OF LUVERNE T. W . Shows, President F. M. Douglass, V ice-President H.  T. W . Shows, Jr., Assistant Cashier R. Shows, Cashier LIABILITIES  RESOURCES Loans and Discounts_________$ Overdrafts ___________________  149,088.32 Capital Stock paid in_________$  50,000.00  1,997.82 Surplus Fund ________________  10,000.00  Undivided  U. S. Bonds, Certificates of  Profits  E x­  paid____  4,732.64  700.00 Demand Deposits ____________  145,037.93  and  Time Deposits _______________  24,037.81  W arrants __________________  2,419.88 Notes and Bills Payable______  3,000.00  Indebtedness  and  W.  penses and Taxes  less  S.  Stamps ____________________ Other  Bonds,  Stocks  Furniture and Fixtures----------  2,500.00  Other Real Estate ___________  16,952.55  Cash _________________________  9,784.69  Due from Banks _____________  43,691.55  Checks and Cash Items----------  7,455.24  Cash Items in Transit________  2,102.12  Other Resources _____________  116.21  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  236,808.38  Total  .$  236,808.38  STATE SUPERINTENDENT OF BANKS  107  LUVERNE— FARMERS BANK A. L. Watts, President J. W . Williams, V ice-President  Hugh Williams, Vice-President  A. D. Fundaburk, Cashier RESOURCES  LIABILITIES  Loans and Discounts____ ________ 136,275.12 Capital Stock paid in................ $  25,000.00  Overdrafts ___________________  40,000.00  Other  Bonds,  Stocks  2,859.07 Surplus Fund ________________  and  Undivided  W arrants __________________  1,835.29  Banking House ______________  2,187.00  Other Real E s ta te .................  less  E x­  penses and Taxes paid_____  2,209.50 Reserve  Furniture and Fixtures _____  Profits  for  terest ----------------------------------  12,053.97 Demand Deposits ____________  Cash _________________________  6,380.34 Time Deposits ___  Due from Banks --------------------  75,463.22  Checks and Cash Items...........  3,426.80  Cash Items in Transit _______  124.21  242,814.52  Total  15,492.09  Taxes and In­ 3,000.00 121,227.56 38,094.87  Total  242,814.52  MAPLESVILLE— BANK OF MAPLESVILLE J. W . Foshee, President H. M. Nix, Vice-President  F. H. Brown, Vice-President H. L. Smith. Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts  __________________  47,452.74 Capital Stock paid in________$ 54.36 Surplus Fund ____  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Banking House ______________ Furniture and Fixtures ______ Cash  Undivided  less  2,500.00  E x­  penses and Taxes paid______  1,177.67 44,520.95  900.00 Time Deposits ___ —  5,805.95  1,351.56  ________________________  8,328.03 5,808.28  Checks and Cash Items_______  9.60   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ----- ----  100.00 Demand Deposits _ —  Due from Banks ____________  T o ta l  Profits  10,000.00  64,004.57  T ota l  .$  64,004.57  108  ANNUAL REPORT FOR 1924  MARION— MARION CENTRAL BANK A. F. Armstrong, President D. K. Mason, Cashier  W. P. Nichols, Assistant Cashier  RESOURCES  LIABILITIES 363,746.40 Capital Stock paid in...... ........$  Loans and Discounts ............ $  436.34  Overdrafts ................................... U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Other  Bonds,  Stacks  50,000.00 Reserve for Taxes  and  2,129.01  10,000.00 Notes and Bills Payable..  Cash ...............- ..............................  31,207.09  Due from Banks ____________  145,408.38  392,322.06 25,000.00  —  2,072.50 Notes and Bills Rediscounted..  Furniture and Fixtures ---------  Federal  47,906.75  and In-  terest. ____ _______  Banking House ..........................  from  less E x-  7,000.00 Demand Deposits ______ .....  W arrants .................................  Due  Profits  penses and Taxes paid—  Stamps ............................... .  50,000.00 100,000.00  22,357.70  Reserve 28,320.52  Bank ................ ........................ Exchanges for Clearing House  821.80  Checks and Cash Items---------  208.88  Cash Items in Transit..............  493.61 639,715.52  Total ................................ ........$  639,715.52  MARION— PEOPLES BANK J. M. Moore, President T. I. Moore, Cashier  E. W . Sturdivant, Assistant Cashier  RESOURCES Loans and Discounts.....  LIABILITIES  ____$  Overdrafts -------------------- ____ Stocks  and  W arrants ____________  ____  Banking House ------------  ____  Other  Bonds,  258,501.08 Capital Stock paid in___ —....$ 173.65 S u rp lu s Fund Undivided 13,000.00  50,000.00  Profits  less  E x-  penses and Taxes paid. ........  5,870.08 Reserve  for  50,000.00  Taxes  26,614.42  and In-  terest.  Furniture and Fixtures.. ____  4,530.72  Other Real Estate -------- ____  5,255.48 Demand Deposits _______  194,261.76  22,055.45 Notes and Bills Payable. —  90,000.00  Cash ___________________  ____  Due from Banks _______ ____  99,401.85  Checks and Cash Items.. ____  3,887.87  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ...$  412,676.18  T o ta l  1,800.00  ....$  412,676.18  109  STATE SUPERINTENDENT OF BANKS  MARION JCT.— MARION JCT. STATE BANK P. B. Harrell, President Hugh Hopper, Cashier  C. L. Gilmer, V ice-President  LIABILITIES  RESOURCES  38,881.95 Capital Stock paid in________$  Loans and Discounts.----------- $  80.16 Surplus Fund ________________  Overdrafts ___________________  2 , 000.00 Undivided  Banking House ---------------------  Profits  less  25.000.  00  15.000.  00  E x­  Furniture and Fixtures ---------  2, 000.00  penses and Taxes paid_____  3,024.69  Cash --------------------------------------  3,949.75 Demand Deposits ___________  42,874.62  Due from Banks _____________  19,058.76 Time Deposits _______________  12,534.08  Notes and Bills Payable______  5,000.00  .$  Total  103,433.39  ____ $  Total -------------  McCu l l o u g h — f a r m e r s  exchange  103,433.39  bank  C. E. Sellers, President Ulay W . Black, Vice-President  E. D. Espey, Cashier  A. J. Nall, V ice-President  W . E. Coker, Assistant Cashier  RESOURCES Loans and Discounts------------- $ Overdrafts ___________________  LIAB ILITIES 38,881.95 Capital Stock paid in..._______ $ 30.33 Suralus Fund  1,100.00  Banking House ______________  2,550.00 Undivided  Furniture and Fixtures----------  2,025.00  Cash _________________________  4,967.92 Demand Deposits  Due from Banks _____________  4,511.39 Time Deposits ................. ..........  Cash Items in Transit------------  Total ________________ _____ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  10,000.00  less  E x-  penses and Taxes paid______  1,666.53 37,218.20 2,989.86  8.00  52,974.59  Total ........... - ....... ............  $  52,974.59  110  ANNUAL REPORT FOR 1924  MIDWAY— JAMES & MIDWAY BANKING COMPANY H. L. King, President H. L. King, Jr., Vice-President  S. M. King, Assistant Cashier A.  E. King,  Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Other  Bonds,  Stocks  52,428.30 Capital Stock paid in.-__ _____$  and  Surplus Fund ________________  W arrants __________________  10,000.00 Undivided  Banking House _____  1,500.00  Furniture and Fixtures ______  Profits  less  5,000.00  E x­  penses and Taxes paid______  23,577.67  500.00 Demand Deposits ___________  49,780.96  Other Real Estate ___________  6,900.00 T'ime Deposits ________  Cash _________________________  2,551.08 Cash Over _______  Due from Banks _____________  42,287.96  Checks and Cash Items______  1,054.49  Total  25,000.00  117,221.89  13,843.46 19.80  Total  117,221.89  MILLPORT— MILLPORT STATE BANK J. E. Dowdle, President Chas. P. Odom, Vice-President  Mrs. J. E. Dowdle, Assistant Cashier  J. E. Dowdle, Cashier RESOURCES  LIABILITIES  Loans and Discounts ________$  131,059.70 Capital Stock paid in.___ ____$  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Stocks  Surplus Fund .............. Undivided 4,800.00  4,252.56 119,604.19  9,091.14 Time Deposits _______________  89,187.99  1,700.00  Furniture and Fixtures_______  1,500.00  Other Real Estate __________  20.00  Cash _________________________  14,046.61  Due from Banks ____________  86,476.79  Checks and Cash Item s______  350.50   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6,000.00 E x­  penses and Taxes paid_____  Banking House ______________  T otal  less  Demand Deposits ____________  and  W arrants __________________  Profits  30,000.00  249,044.74  T ota l  249,044.74  111  STATE SUPERINTENDENT OF BANKS  MILLRY— CITIZENS BANK W.. J. Blount, Vice-President RESOURCES  W. S. Knig] ;, President  Loans and Discounts_________$ Overdrafts ___________________ Other  Bonds,  Stocks  R. C. Jenkins, Cashier LIABILITIES  62,288.34 Capital Stock paid in ___ ------$  and  Undivided  W arrants __________________  4,695.89  Profits  less  E x4,437.64  penses and Taxes paid.  Banking House ______________  2,000.00 Reserve for Taxes and In-  Furniture and Fixtures_______  1,700.00  Other Real Estate __________ Cash _________________________ Due from Banks _____________  10,000.00 1,000.00  96.47 Surplus Fund - .............- -  17.16  terest _________________  175.00 Demand Deposits _______ —  51,399.38  7,796.73 Time Deposits __________ ____  34,107.81  22,209.56  Total ______________________ $  100,961.99  Total ______________________ $  100,961.99  MOBILE— MERCHANTS BANK E. F. Ladd, President G. A. Michael, Vice-President Wm. B. Taylor, Assistant Cashier J. F. McRae, Assistant Cashier J. S. Norton, Assistant Cashier W . J. Parham. Jr.. Cashier RESOURCES  LIABILITIES  Loans and Discounts ________$ 7,866,726.16 Capital Stock paid in_________$  500,000.00  Overdrafts ___________________  300,000.00  15,363.97 Surplus Fund _______________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Stocks  Undivided  Profits  less  E x­  penses and Taxes paid____ 23,520.00 Reserve  and  for Taxes  259,873.60  and In­  terest _____________  91,218.53  W arrants __________________  436,185.94 Demand Deposits ____________  6,586,330.21  Banking House ______________  124,450.00 Time Deposits _______________  2,732,442.77  Furniture and Fixtures_______  14,925.00 Notes and Bills Rediscounted  321,160.00  Cash  ________________________  205,936.44 Trust Funds ________________  Due from Banks _____________  1,232,853.79 Acceptances Outstanding ____  Due  from  Federal  Reserve  Bank ___________________ Exchanges for Clearing House  618,604.19 58,155.52  Checks and, Cash Item s...........  18,113.26  Cash Items in Transit________  202,565.45  Other  26,374.61 778,553.00j  Resources—Customers  Liability  A ccount  A ccep t­  ances ----------------------------------  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  778,553.00  $11,595,952.72  T ota l  $11,595,952.72  112  ANNUAL REPORT FOR 1924  MOBILE— PEOPLES BANK OF MOBILE Stewart Brooks, President Ed. J. Higgins, V ice-President  W . W . Boyles, Cashier  A. J. Wildman, Assistant Cashier  J. R. Burgin, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ 3,884.088.16 Capital Stock paid in_________$  300,000.00  O v e rd ra fts -------1---------------------  200,000.00  4,386.52 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Profits  less  E x­  penses and Taxes paid______ 17,000.00 Reserve  80,315.19  for Taxes and In­  and  terest ______________________  21,800.00  W arrants __________________  209,876.37 Demand Deposits ____________  2,431,162.78  Time Deposits _______________  1,662,619.78  130,000.00 Notes and Bills Payable______  450,000.00  Banking  Stocks  Undivided  House—Furniture  and Fixtures ______________ Other Real Estate ___________  162,993.98  Cash _________________________  160,891.86  Due from Banks_____________  179,289.72  Due  from  Federal  Reserve  Bank ______________________  229,509.06  Exchanges for Clearing House  59,638.61  C h e c k s a n d C a s h I t e m s _______  6,321.73  Cash Items in Transit________  76,987.43  Other Resources _____________  24,914.31  Total  ______________ ,.... ...... $ 5,145,897.75  Total  _____________________ $ 5,145,897.75  MOBILE— STATE SAVINGS BANK Edward Wahl, Cashier  J. B. Dortch, President  LIABILITIES  RESOURCES Loans and Discounts ------------$ Overdrafts Other  ----------------------------  Bonds,  Stocks  Undivided 146,395.15  House—Furniture  and Fixtures ______________ Cash  59.83 Surplus Fund -------------------------  and  W arrants __________________ Banking  146,622.39 Capital Stock paid in------------$  ________________________  Due from Banks _____________  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  Profits  less  50,000.00 5,000.00  E x­  penses and Taxes paid---------  7,035.09  Demand Deposits ____________  1,139.65  25,445.00 Time  Deposits_______________  250,122.41  4,163.28 Notes and Bills Payable---------  15,000.00  5,611.51  328,297.16  T ota l  .$  328,297.16  STATE SUPERINTENDENT OF BANKS  113  MONROEVILLE— THE MONROE COUNTY BANK J. B. Barnett, President B.  H.  Stallworth,  Vice-President  D.  L. L. Hendrix, Assistant Cashier  RESOURCES  Other  __________________  Bonds,  Stocks  Mims,  Cashier  LIABILITIES  Loans and D iscou n ts________$ Overdrafts  D.  K. J. Lazenby, Assistant Cashier  540,413.61 Capital Stock paid in________$  100,000.00  1,707.83 Surplus Fund _______________  30,000.00  and  Warrants __________________  Undivided 32,724.49  Profits  less  E x­  penses and Taxes paid_____  29,156.43  4,611.62 Demand Deposits ____________  507,098.88  Furniture and Fixtures ______  5,742.00 Time Deposits _______________  196,128.42  Other Real Estate ...__  7,364.27  Banking- House ______________  Cash  ...................  28,207.07  Due from Banks _____________ Due  from  Federal  Reserve  Bank ______________________ Checks and Cash  184,083.91  42,515.74  Item s_____  14,046.69  Other Resources _____________  966.50  Total __________ ___________ $  862,383.73  Total ______________________ $  862,383.73  MONTEVALLO— MERCHANTS & PLANTERS BANK C.  J. C. Slone, Cashier  L. Meroney, President  LIABILITIES  RESOURCES Loans  and  D is c o u n ts  $  1 4 8 ,2 6 2 .8 5  Capital Stock paid in________  7 7 .1 2  Surplus Fund ________________  1 .3 0 0 .0 0  Furniture and Fixtures  Due from Banks __ __ - .— Checks and Cash Item s__  Total ...... ....... ...... ............... .........$   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Undivided  Profits  less  25.000.  E x­  1 .9 5 0 .0 0  penses and Taxes paid______  8,799.09  2 4 ,2 7 3 .7 4  Demand Deposits ____________  166,520.52  4 6 ,0 0 8 .1 3  Time Deposits _______________  9 4 .9 1  Notes and Bills Payable______  2 2 1 ,9 6 6 .7 5  00  5,000.00  Total ______________________ !  1,647.14 15.000.  221,966.75  00  114  ANNUAL REPORT FOR 1924  MONTGOMERY— ALABAMA BANK & TRUST COMPANY B. P. Crum, President W. K. Pelzer, Vice-President  V. B. Murray, Assistant Cashier  M. A. Vincentelli, V ice-President  J. T. Smith, Assistant Cashier  J. D. Flowers, V ice-President and Cashier RESOURCES  LIABILITIES  Loans and Discounts.............. $ 2,116,949.33 Capital Stock paid in________$ Overdrafts  __________________  1,318.77 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Profits  less  45,000.00  E x­  penses and Taxes paid_____  Stamps ____________________  23,050.00 Reserve for  300,000.00  16,570.77  Taxes and In­  and  terest ______________________  15,623.05  W arrants __________________  62,100.00 Demand Deposits ____________  1,645,391.49  Furniture and Fixtures______  17,057.46 Time Deposits _______________  533,163.20  Other Real Estate___________  12,544.45 Certificates of Deposit Issued  Other  Cash  Bonds,  Stocks  ________________________  Due  from  Federal  for Money Borrowed________  200,000.00  295,771.09 Notes and Bills Rediscounted  81,500.00  134,148.90  Due from Banks _____________ Reserve  Bank ______________________  134,261.54  Exchanges for Clearing House  22,089.34  Checks and Cash Items---------  17,457.63  Other Resources ---------------------  500.00  2,837,248.51  Total  .$ 2,837,248.51  Total  MONTGOMERY— UNION BANK & TRUST COMPANY Grover Keyton, Cashier  Michael Cody, President  LIABILITIES  RESOURCES Loans and Discounts ------------$ Overdrafts  ----------------------------  719,106.48 Capital Stock paid in----- ___ $ 172.30 Surplus  Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  Profits  less  498.05 Reserve for  Taxes  100,000.00 50,000.00  ----- --------E x-  penses and Taxes paid.—  S.  Stamps ____________________  Fund  76,115.27  and In-  and  17,475.00  W arrants ---------------------------  89,291.15  Other  Bonds,  Stocks  Furniture and Fixtures---------Other Real Estate ___________  317,238.61 Demand Deposits —....... 500.00 Time Deposits ----------------____ 26,894.08  Cash _________________________  29,753.27  Due from Banks _____________  163,149.60  Exchanges for Clearing House  3,790.63  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  1,017,512.75  $ 1,261,103.02  T ota l  $ 1,261,103.02  STATE SUPERINTENDENT OF BANKS  115  MOULTON— BANK OF MOULTON R. M. Byars, President O. L. Judy, Cashier  R. P. Irwin, Vice-President C. G. Judy, Assistant Cashier  R. B. Henderson, Assistant Cashier  RESOURCES  LIABILITIES 181,543.74 Capital Stock paid in________$  Loans and Discounts ______  107.29 Surplus Fund ________________  Overdrafts _________________ Other  Bonds,  Stocks  and  Undivided 1, 000.00  W arrants __________________ Other Real Estate ___________ Cash _________________________  less  35,000.00  E x­  penses and Taxes paid____  4,261.56  1,400.00 Demand Deposits ____________  141,622.11  9,107.89 Time Deposits _______________  47,656.35  Due from Banks _____________  63,228.06  Exchanges for Clearing House  153.04  Total .............................. .........$  Profits  28,000.00  256,540.02  Total ______________________ $  256,540.02  MOULTON— CITIZENS BANK B. H. Bracken, President W. A. Moles, Vice-President  J. L. W eatherwax, Assistant Cashier W. C. Bragg, Cashier  RESOURCES Loans and Discounts _________$ Overdrafts ______________ Other  Bonds,  Stocks  LIABILITIES 151,073.27 Capital Stock paid in..___ ____ $ 277.65 Surplus Fund ________________  and  W arrants __________________  Undivided Profits 166.66  less  15,000.00 15,000.00  E x­  penses and Taxes paid_____  7,848.01  Banking House ______________  3,600.00 Demand Deposits ____________  128,216.64  Furniture and Fixtures ...........  900.00 Time Deposits _______________  40,776.55  6,655.39 Notes and Bills Payable______  10,000.00  Other Real Estate ___ 'Cash ______________  12,715.29  Due from Banks______________  39,566.32  Checks and Cash Items______  1,866.64  Items in Transit______________  19.98  T ota l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  216,841.20  T ota l ------------------------------------ $  216,841.20  116  ANNUAL REPORT FOR 1924  MOUND VILLE— BANK OF MOUNDVILLE R. L. Griffin, President R. J. Griffin, V ice-President  L. M. Griffin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Banking House ______________ Furniture and Fixtures.........  116,149.96 Capital Stock paid in ------------- ?  25,000.00  13,652.91 Surplus Fund ........... .. .....................—  10,000.00  3,336.12 Undivided  Other Real Estate ___________  1,354.35  Profits  less  E x-  penses and Taxes paid____  Cash ______ ___________________  10,728.21 Reserve  Due from Banks.... .........  42,456.22  terest  for  Taxes  and  4,952.88  In-  ____________ —  112.15  Checks and Cash Items______  3,750.79 Demand Deposits __  104,962.01  Cash Items in Transit------------  4,437.70 Time Deposits ...........  50,839.22  .$  Total  195,866.26  Total  .$  195,866.26  NEWBERN— BANK OF NEWBERN W . E. Swanzy, Cashier  J. F. Brown, President  RESOURCES Loans and Discounts_________$ Overdrafts ___________________ Banking House --------------------Furniture and Fixtures----------  LIABILITIES 82,779.23 Capital Stock paid in_________$ 24.62 Surplus Fund ________________ 1,000.00 Undivided 750.00  Profits  less  penses and Taxes paid_____  3,761.41 Demand Deposits ______________  Due from Banks........... ..............  4,036.51 303.38  Cash Items in Transit..............  15,839.12  Other Resources _____________  1,050.00  T o ta l ________________________$   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  109,544.27  6,000.00  E x­  Cash _________________________  Checks and Cash Items----------  28,200.00  T o ta l ________________________ $  2,911.91 72,432.36  109,544.27  STATE SUPERINTENDENT OF BANKS  117  NEW BROCKTON— BANK OF NEW BROCKTON Obie Harris, President J. NV W allace, V ice-President  W . H. W ard, Vice-President J. W . Brock, Cashier  RESOURCES  LIABILITIES  Loans and Discounts------------- % 182,777.14 Capital Stock paid in________$ 5,770.97 Surplus Fund ________________  Overdrafts ----------------------------Other  Bonds,  Stocks  and  Undivided 20,847.40  Profits  less  50,000.00 5,000.00  E x-  penses and Taxes paid_____  14,059.73  Banking House ---------------------  2, 000.00 Demand Deposits ____________  142,649.00  Furniture and Fixtures----------  1 , 000.00 Time Deposits _______________  36,361.79  Other Real Estate -----------------  7,172.87 Cash Over ...................................  11.76  Cash _________________________  6,698.95  W arrants ---------------------------  Due from Banks --------------------  20,969.10  Checks and Cash Items ---------  103.18  Cash Items in Transit ----------  742.67  .$  Total  248,082.28  Total ----------------------------------$  248,082.28  NEW HOPE— BANK OF NEW HOPE W . E . B u t le r , P r e s id e n t  T. E. McKinney, Vice-President  J. W . W ood, Assistant Cashier  T. P. Gates. Cashier RESOURCES  LIABILITIES  Doans and Discounts________$ Overdrafts  ----------------------------  69,383.18 Capital Stock paid in________$ 108.24 Surplus Fund____ ____________  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ------------------------------Banking  Undivided  H ouse______________  1,800.00  Other Real Estate___________  9,000.00  Cash ________________________  2,958.73  Due from Banks_____________  31,863.37  Checks and Cash Item s______  193.48   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  117,356.00  1,672.02  Deposits:_________________  T ota l  5,000.00  E x­  penses and Taxes paid___  1,800.00 Time  .$  less  249.00 Demand Deposits______________  Furniture and Fixtures----------  T ota l  Profits  25,000.00  .$  59,191.54 26,492.44  117,356.00  118  ANNUAL REPORT FOR 1924  NEW MARKET— NEW MARKET BANKING COMPANY W . E. Rodgers, President J. W. Cochran, Vice-President  R. N. Coleman, Cashier  RESOURCES  LIAB ILITIES  Loans and Discounts._______ $ Overdrafts __________________  126,006.80 Capital Stock paid in________$ 459.61 Surplus Fund________________  20,000.00 10,000.00  Banking House_______________  1,000.00 Undivided Profits  Furniture and Fixtures______  1,000.00  penses and Taxes paid____  964.31  Other Real Estate___________  6,330.64 Demand D eposits..__________  63,358.65  Cash ________________________ Due from Banks---------------------  4,202.09 Time  E x­  Deposits_______________  33,827.96  18,589.85 Notes and Bills Payable_____  30,000.00  Checks and Cash Item s---------  171.04  Cash Items in Transit________  581.24  Cash Short ----------------------------  9-65  Total ______________________ $  less  158,350.92  Total ______________________ $  158,350.92  NEWTON— CITIZENS BANK Mittie K. Hayley, President S. T. Jones, Cashier  R. A. Jones, Vice-President  LIABILITIES  RESOURCES Loans and Discounts------------$ Overdrafts  —...------------------------  14,478.91  Capital Stock paid in______  -18 Undivided  Profits  less  10, 000.00  Ex  Cash —:---------------------------------  3,334.66  penses and Taxes paid____  257.23  Due from Banks._____________  3,339.43 Demand D eposits___________  22,532.19  Time  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  32,792.82  D eposits______________  T o ta l ________________________ $  3.40  32,792.82  119  STATE SUPERINTENDENT OF BANKS  NEWVILLE— FARMERS STATE BANK G. H. Malone, President J. J. Espy, Vice-President  H. Deal, Assistant Cashier H. C. Price, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts________$ Overdrafts  62,455.57 Capital Stock paid in________$ 357.05 Surplus Fund___________________  __________________  Banking House ______________  1,520.00 Undivided  Furniture and Fixtures---------  1,330.00  Other Real Estate___________ C a s h _________________________  3,139.14 64,431.68  Deposits__________________  3,714.50  37,459.38 Other Liabilities________________  1,500.00  238.89  Other Resources---------------------  36.97  .$  8,273.73  E x­  penses and Taxes paid____  Checks and Cash Items______  Total  less  929.26 Demand Deposits____________ 1,731.93 Time  Due from Banks---------------------  Profits  25,000.00  Total  106,059.05  ____ $  106,059.05  NORTH BIRMINGHAM— NORTH BIRMINGHAM TRUST & SAVINGS BANK R. H . W h a r to n .  P r e s id e n t  G. C. Bryant, Cashier  J. H. Berry, Vice-President  W. F. McClure, Assistant Cashier  Geo. B. Tarrant, V ice-President  LIABILITIES  RESOURCES  Loans and Discounts________$ 1,491,680.12 Capital Stock paid in _______ $  100,000.00  Surplus Fund_________________  40,000.00  Other  Bonds,  Stocks  and  W arrants __________________  2,800.00 Undivided  Profits  less  E x­  Banking House_______________  10,000 00  Furniture and Fixtures______  13,079.25 Reserve  Other Real Estate___________  30,745.51  Cash ________________________  60,677.68 Demand Deposits......................  Due from Banks______________  1,866.47  Cash Items in Transit______  9,319.60   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 1,863,418.73  for Taxes  61,236.61  and In ­  terest  243,250.10 Time  Checks and Cash Items_______  T ota l  penses and Taxes paid___  4,050.00  Deposits_______________  T ota l  1,112,354.58 545,777.54  .$ 1,863,418.73  120  ANNUAL REPORT FOR 1924  NORTH BIRMINGHAM— SECURITY TRUST & SAVINGS BANK C. B. Rogers, President W . D. McEachern, V ice-President  John W. Cannon, Vice-President  David McCarty, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________?  301,158.84 Capital Stock paid in_________$ 5,918.30 Undivided  Furniture and Fixtures ______  Profits  less  50,000.00  E x­  Cash _________________________  13,919.59  penses and Taxes paid_____  9,734.40  Due from Banks _____________  60,723.30 Demand Deposits ____________  249,333.58  Checks and Cash Items...........  13,631.84 Time Deposits ..........................  86,333.89  50.00  Cash Items in Transit _______  Total  .$  395,401.87  Total  .$  395,401.87  NORTHPORT— NORTHPORT BANK M. Freeman. President H. G. Shepherd, Cashier  J. S. Moore, Vice-President RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ___________________  88,615.31 Capital Stock paid in_________$ 51.17 Surplus Fund -------------------------  U. S. Bonds, Certificates of Indebtedness  less  276.70  E x­  S.  penses and Taxes paid_____  101.23  1,670.00 Demand Deposits ____________  96,251.11  Time Deposits _______________  200.00  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  15,000.00  Stocks  and  Warrants _________________  250.00  Furniture and Fixtures ---------  2,877.00  Cash _______________________  9,774.20  Due from Banks______________  6,232.76  Other Resources _____________  2,358.60  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  111,829.04  T o ta l ________ _______________ $  111,829.04  121  STATE SUPERINTENDENT OF BANKS  NOTASULGA— THE FIRST BANK OF NOTASULGA A.  B. Hope, President Jas. M. W hite, Cashier  W . J. Bridges, Vice-President  LIABILITIES  RESOURCES Loans and Discounts_________$ Overdrafts -----------------------------  122,690.26 Capital Stock paid in................ $  Undivided  U. S. Bonds, Certificates of Indebtedness  and  W.  S.  Stamps ____________________ Other  Bonds,  Stocks  Profits  less  Taxes and  16,590.25  In­  terest _____________ _______ — 766.25 Demand Deposits ____________  Banking House ______________  2,000.00 Time Deposits ______  Furniture and Fixtures______  1,000.00 Other Liabilities _____________  Cash __  18,291.24  Due from Banks _____________  35,133.99  Checks and Cash Items...........  147.80  Cash Items in Transit..............  7,216.86  Commercial Paper ___________  55,000.00  Cash Short __________________  9.17  Total _____________ r_______ $  15,000.00  E x­  penses and Taxes paid_____ 13,950.00 Reserve for  and  W arants ___________________  15,000.00  637.44 Surplus Fund ________________  256,843.01  979.64 177,385.00 31,554.62 333.50  Total ..................... ........ ...... 256,843.01  NOTASULGA— MERCHANTS & FARMERS BANK John H. Drakeford, President E. H. Reynolds, Vice-President  A. C. Dillard, Cashier  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ___________________ Other  Bonds,  Stocks  54,803.62 Capital Stock paid in_________$  25,000.00  501.93 Surplus Fund ________________  5,000.00  and  W arrants ---------------------------Furniture and Fixtures_______ Other Real E s t a t e ___________  Undivided 712.91  904.44 69,759.52  500.00 Time Deposits _______________  21,009.01  Due from Banks______________  38,911.56  Checks and Cash Items_______  483.95  Cotton Loans ________________  18,917.18   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  E x­  penses and Taxes paid_____  4,341.82  .$  less  2,500.00 Demand Deposits ____________  Cash _________________________  T o ta l  Profits  121,672.97  T o ta l  .$  121,672.97  122  ANNUAL REPORT FOR 1924  OAKMAN— BANK OF OAKMAN B.  M. Richards, President  H. W. Ward, Vice-President  John I. Rose, Vice-President R. D. Collins, Cashier  RESOURCES  LIABILITIES  Loans and Discounts........................145,075.66 Capital Stock pa?d in_________$ Overdrafts ___________________  29.96 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  less  penses and Taxes paid_____ 15,750.00 Demand Deposits ____________  Stocks  and  8,000.00  E x­  S.  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  25,000.00  4,666.23 75,004.83  Time Deposits ___________  W arrants __________________  95,215.66  1,160.00  Furniture and Fixtures_______  2,610.00  Other Real Estate ___________  4,510.87  Cash _________________________  13,147.25  Due from Banks______________  25,602.98  Total  207,886.72  .$  Total  207,886.72  ONEONTA— BLOUNT COUNTY BANK A.  A. Fendley, President  Birl Brown, Cashier  H. C. Lowry, Assistant Cashier  RESOURCES Loans and Discounts ________$ Overdrafts ___________________ Other  Bonds,  Stocks  LIABILITIES 204,000.00 Capital Stock paid in...._______ $ 12.84 Surplus Fund ________________  and  W arrants __________________  Undivided 14,399.00  Profits  less  25,000.00 13,000.00  E x­  penses and Taxes paid______  162.77  Banking House ______________  3,000.00 Demand Deposits ____________  79,457.62  Furniture and Fixtures_______  3,605.29 Time Deposits _______________  108,664.32  Other Real Estate____________  8,055.96 Notes and Bills Payable______  45,000.00  Cash _________________________  8,283.05  Due from Banks______________  11,816.03  Checks and Cash Items______  763.38  Overdrafts Secured by Cotton  17,349.16  T o ta l  ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  271,284.71  T o ta l ________________________ $  271,284.71  123  STATE SUPERINTENDENT OF BANKS  ONEONTA— ONEONTA TRUST & BANKING COMPANY T. H. Davidson, President J. L . Johnson, Vice-President  C. H. Davidson, Cashier LIABILITIES  RESOURCES Loans and Discounts ________$  57,809.35 Capital Stock paid in_________$  20,000.00  Overdrafts ___________________  111.21 Surplus Fund ________________  6,000.00  U. S. Bonds, Certificates of  Demand. Deposits ------------------  30,101.72  S.  T'ime Deposits _______________  28,364.39  Stamps ____________________  3,077.00 Notes and Bills Payable_______  15,000.00  Indebtedness  Other  and  Bonds,  W.  Stocks  and  W arrants __________________  2,020.35  Banking House ______________  4,000.00  Furniture and Fixtures_______  2,000.00  Other Real Estate____________  1,572.62  Cash _________________________  6,373.96  Due from Banks______________  1,584.62  Checks and Cash Items______  374.78  Cash Items in Transit________  6.00  Other Resources _____________  2,768.04  Cotton Loans ________________  17,768.18  Total ______________________ $  99,466.11  Total ______________________ $  99,466.11  OPP— AMERICAN BANK & TRUST COMPANY T. E. Henderson, President J. A. Whaley, Vice-President  J. R. W ard, V ice-President W . L. W oodall, Cashier LIABILITIES  RESOURCES Loans and D iscounts_________$ Overdrafts ___________________ Furniture and Fixtures_______ Other Real Estate____________  130,625.47 Capital Stock paid in_________$  50,000.00  14,871.25 Surplus Fund ________________  10,000.00  3,000.00 Undivided  Profits  less  E x­  penses and Taxes paid_____  13,008.76  Cash _________________________  3,714.39 Demand Deposits ____________  64,328.70  Due from Banks_____________  19,078.31 Time Deposits _______________  35,484.66  Checks and Cash Items______  762.24 Other Liabilities _____________  144.59  Cash Items in Transit________  150.00  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  765.05  172,966.71  T ota l ________________________ $  172,966.71  124  ANNUAL REPORT FOR 1924  ORRVILLE— ORRVILLE BANK & TRUST COMPANY J. E. Dunaway, President  B.  RESOURCES  LIABILITIES  Loans and Discounts ________$ Overdrafts ,__________________ Other  Bonds,  Stocks  E. Dunaway, Cashier  170,365.40 Capital Stock paid in_________$ 27.40 Surplus Fund ________________  and  Undivided  W arrants __________________  1,650.00  Profits  less  25,000.00 30,000.00  E x­ 1,073.44  penses and Taxes paid_____  Banking House ______________  7,800.00 Demand Deposits ______________  Furniture and Fixtures_______  3,550.00 Time Deposits _________________  Cash  ________________________  2,707.13 Notes and Bills Payable______  13,490.00  Due from Banks______________  4,218.80 Notes and Bills Rediscounted  38,149.00  Due  from  Federal  50,630.04 36,756.19  Reserve  Bank ______________________  4,779.94  Total ______________________ $  195,098.67  Total ______________________ $  195,098.67  OZARK— OZARK CITY BANK Mrs. Wm. Garner, President W.  B. F.  S. Garner, Cashier  LIABILITIES  RESOURCES Loans and Discounts ________$  Bonds,  Stocks  228,429.84 Capital Stock paid in_________$  Undivided  and 10,639.55  W arrants __________________  less  E x21,716.93  penses and Taxes paid____  1,675.00 Reserve  Furniture and Fixtures----------  Profits  for  100 , 000.00  20 , 000.00  106.35 Surplus F u n d ________________  Overdrafts ___________________ Other  Faust, Assistant Cashier  Taxes and In ­  Other Real Estate------------------  38,536.81  terest ______________________  3,307.97  Cash --------------------------------------  19,816.39 Demand Deposits ____________  151,803.13  Due from Banks.........................  73,933.38 Time Deposits _______________  79,458.43  Checks and Cash Items---------  342.02  Cash Items in Transit------------  1,508.36  Other Resources _____________  1,298.76  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  -$  376,286.46  T ota l  .$  376,286.46  125  STATE SUPERINTENDENT OF BANKS  OZARK— PLANTERS & MERCHANTS BANK J. E. Z. Riley, President Mrs. C. A. Stokes, Vice-President  O. Akins, Assistant Cashier  L.  B. Martin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  599,487.34 Capital Stock paid in_________$  Overdrafts __________________  434.64 Surplus Fund ________________  Cotton Accounts _____________ Other  BondSi  Stocks  5,581.85 Undivided  Profits  less  125,000.00 75,000.00  E x­  and  penses and Taxes paid____  21,429.20  Warrants __________________  2,125.00 Demand Deposits ___________  313,430.85  Banking House ______________  4,400.00 Time Deposits _______________  167,819.00  Furniture and Fixtures_______  2,900.00 Notes and Bills Payable---------  55,000.00  Other Real Estate......................  8,178.00  Cash _________________________  41,193.12  Due from Banks______________  73,839.46  Checks and Cash Items...........  960.34  Cash Items in Transit_______  814.30  Other Resources _____________  17,765.00  Total ______________________ $  757,679.05  Total ______________________ $  757,679.05  PARRISH— BANK OF PARRISH J. C. Shepherd, President C.  L. Lockwood, Vice-President  D. H. Covington, Cashier  John T. Foreman, Vice-President  Mrs. S. R. Walker, Assistant Cashier LIABILITIES  RESOURCES Loans and Discounts_________$  106,704.15 Capital Stock paid in__________$  Banking House ................. ........  4,198.22 Surplus Fund ________________  Furniture and Fixtures_______  2,355.65 Undivided  Cash _________________________ Due from Banks—.................. — Checks and Cash Items..........  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  8,366.80  Profits  less  30,000.00 8,000.00  E x­  penses and Taxes paid_____  3,555.95  30,952.96 Demand Deposits ____________  70,031.86  436.56 Time Deposits _______________  41,426.53  153,014.34  T o ta l ...  .$  153,014.34  126  ANNUAL. REPORT FOR 1924  PELL CITY— PELL CITY BANK & TRUST COMPANY O. L. Ekwurzel. President H. V. Jones, Cashier  W . A. Savage, Vice-President  Mrs. Myrtie Garrett, Assistant Cashier  Frank B. Emby, Vice-President  RESOURCES  LIABILITIES  Loans and Discounts_________$  117,895.27 Capital Stock paid in_________$  Overdrafts ___________________ Other  Bonds,  Stocks  71.13 Surplus Fund ............  and  Undivided  W arrants __________________  5,361.00  Profits  5,000.00  less  E x­  penses and Taxes paid.......  2,232.71  Banking House ______________  9,700.00 Demand Deposits ______________  Furniture and Fixtures___ ___  3,250.00 Time Deposits _________________  Other Real Estate____________  1,580.41 Notes and Bills Payable______  Cash _________________________  7,384.74  Due from Banks______________  5,625.90  Other Resources _____________  203.54  Total .................................... .... % 151,071.99  20,000.00  57,270.65 40,068.63 26,500.00  Total ______________________ $  151,071.99.  PELL CITY— UNION STATE BANK McLane Tilton, President J. Fall Robinson, Vice-President C.  S. Cogswell, Chairman of Board  R. Fay, Vice-President  A. H. Van Devander, Cashier  LIABILITIES  RESOURCES Loans and Discounts------------- $  Undivided  House — Furniture  and Fixtures_______________  17,500.00  E x1,676.56  ---  102,286.87 113,437.89  8,963.50 Time Deposits ____ —  Cash _________________________ Due from Banks______________  40,540.42 Notes and Bills Payable______  Checks and Cash Items---------  2,037.31  Other Resources _____________  52.50   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  penses and Taxes paid-------  2,155.70 Demand Deposits ... -----  Other Real Estate------------------  T ota l  Profits  $  282,401.32  T otal  35,000.00 10,000.00  178.22 Surplus Fund ..........  Overdrafts ___________________ Banking  210,973.67 Capital Stock paid in_______ $  .$  20,000.00  282,401.32  127  STATE SUPERINTENDENT OF BANKS  PETERMAN— BANK OF PETERMAN W. J. Nettles, President D.  R. Nettles, Vice-President  P. S. Jackson, Cashier LIABILITIES  RESOURCES  103,385.50 Capital Stock paid in------------- $  Loans and Discounts_________$  85.20 Surplus Fund ________________  Overdrafts ___________________  Undivided  U. S. Bonds, Certificates of  Profits  less  15,000.00 5,000.00  E x­  S.  penses and Taxes paid-------  4,227.89  Stamps ____________________  11,800.00 Demand Deposits ____________  73,083.17  Time Deposits _______________  78,663.00  Indebtedness  Other  and  Bonds,  W.  Stocks  and  W arrants __________________  1 , 200.00  Banking House_______________  1.750.00  Furniture and Fixtures_______  3.500.00  Other Real Estate____________  3,807.78  Cash _________________________  5,381.10  Due from Banks______________  43,963.48  Cash Item s in Transit________  200.00  Dther Resources _____________  901.00  Total ______________________ $  175,974.06  Total ______________________ $  175,974.06  PHENIX CITY— PHENIX-GIRARD BANK C. L. Mullin. President J. E. Moultrie, Cashier  H. R. Mills, Assistant Cashier  RESOURCES Loans and Discounts.............._$ Other  Bonds,  Stocks  LIABILITIES 442,839.42 Capital Stock paid in_________$  and  W arrants _________ Banking House_______________ Furniture and Fixtures_______ Other Real Estate____________  Surplus Fund ________________ 400.00 Undivided 15,000.00  less  for  Taxes  and  15,000.00  E x­  penses and Taxes paid_____  4,500.00 Reserve 2,383.60  Profits  25,000.00  11,905.61  In­  terest ______________________  3,200.00  Cash _________________________  17,918.03 Demand Deposits ____________  153,778.02  Due from Banks_____________  64,575.81 Time Deposits _______________  343,763.98  Exchanges for Clearing House  3,586.55 Other Liabilities______________  336.00  Checks and Cash Items______  135.20  Cash Items in Transit________  1,645.00  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  552,983.61  T o ta l ________________________ $  552,983.61  128  ANNUAL REPORT FOR 1924  PHIL CAMPBELL— FIRST STATE BANK A. M. Grimsley, President S.  J. F. Brown, Vice-President RESOURCES  P. Allman, Cashier  LIABILITIES  Loans and Discounts_____ -----$ O verdrafts _______________ —  28,020.77 Capital Stock paid  in....................... 15,000.00  28.63 Surplus Fund ________________  Furniture and Fixtures___  1,250.00 Undivided Profits  Other Real Estate________  350.00  Cash Due from Banks.__ _______  less  1,500.00  E x­  penses and Taxes paid______  1,548.33  4,597.40 Demand Deposits ______ ^____  50,238.91  39,651.38 Time Deposits __________________  Total ______________________ $  73,898.18  Total ________________ _____ $  5,610.94  73,898.18  PIEDMONT— FARMERS & MERCHANTS BANK C. N. Thompson, President J. H. Barlow, Vice-President  C. W. Thompson, Assistant Cashier J. L. Adderhold. Cashier  RESOURCES Loans and Discounts................ $ Overdrafts ___________ Other  Bonds,  Stocks  LIABILITIES 85,841.68 Capital Stock paid in_________$ 395.68 Surplus Fund ________________  and  W arrants __________________  Undivided 141.00  Profits  less  30,000.00 1,000.00  E x­  penses and Taxes paid______  4,843.22  Banking House ______________  3,000.00 Demand Deposits ____________  59,074.51  Furniture and Fixtures_______  870.00 Time Deposits _______________  25,702.31  Other Real Estate____________  3,957.00 Notes and Bills Payable______  7,500.00  C a s h ...............................  8,060.18  Due from Banks______________  25,792.39  Checks and Cash Items______  62.11  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  128,120.04  T o ta l __  .$  128,120.04  STATE SUPERINTENDENT OF BANKS  129  PINCKARD— THE PEOPLES BANK M.  M. Pippin. President  R. R. Pippin, Vice-President  C. A. Pippin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_______$ U. S. Bonds,  77,292.47 Capital Stock paid in_________$  Certificates of  Indebtedness  and  W.  Surplus Fund ________________  S.  Undivided  Stamps _______  67.69  40,000.00 4,000.00  Profits less E x ­  penses and Taxes paid_____  2,305.94  3,622.86 Demand D e p o s its____________  46,669.88  Furniture and Fixtures---------  1,861.10 Notes and Bills Payable______  10,000.00  Other Real Estate------------------  4,940.00  Banking House ______________  Cash _________________________  6,212.99  Due from Banks.....................—  12,521.78  Total ___________________ __ $  106,518.89  Total _________ _____________ $  106,518.89  PINE APPLE— BANK OF PINE APPLE J. T. Adams. President Sam N. Stanford, Vice-President  David Adams, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  161.61 Surplus Fund ____  Overdrafts ___________ Other  Bonds,  Stocks  160,430.25 Capital Stock paid in_________$  and  W arrants __________________  Undivided 5,450.00  Profits  12,500.00 less  2,500.00 Demand Deposits ..  Furniture and Fixtures_______  1,500.00 Time Deposits ....... ___  Other Real Estate____________  2,667.50  Cash _________________________  10,175.12  Due from Banks______________  52,865.21 2.04  Cash Items in Transit____ ___  86.00  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  235,837.73  E x-  penses and Taxes paid_____  Banking House ______________  Checks and Cash Items_______  T ota l  25,000.00  5,369.67 115,406.35  ___  77,561.71  .$  235,837.73  ANNUAL REPORT FOR 1924  130  PINE HILL— PLANTERS STATE BANK A. E. Yow, President P.  E.  Godbold, Vice-President  Edgar Sheffield,  RESOURCES Loans and Discounts_________$ Overdrafts ___________________ Banking House ______________  LIABILITIES 111,504.75 Capital Stock paid in_________$ 528.40 Surplus Fund _____ 5,741.46 Undivided  Profits  E x­  4,387.27  Other Real Estate ___________  7,938.86 Demand Deposits ______________  Cash  8,953.16 Tim e Deposits _________________  Due from Banks______________  47.82  Cash Items in Transit...............  5.00  Total __  ___ $  penses and Taxes paid_____  7,454.41 Notes and Bills Payable______  Checks and Cash Item s______  146,561.13  15,000.00 5,000.00  less  Furniture and Fixtures.....____ ________________________  Cashier  2,565.74 70,161.98 33,833.41 20,000.00  146,561.13  Total  PITTSVIEW— THE BANK OF PITTSVIEW R. C. Joiner, V ice-President and Cashier  L. H. Boykin, President RESOURCES Loans and Discounts______ __ $ Other  Bonds,  Stocks  LIABILITIES 68,364.28 Capital Stock paid in_________$  and  W arrants __________ _______  900.00 Undivided  Profits  25.000.  less  E x­  Banking House __________ ___  1,800.00  penses and Taxes paid______  2,614.03 18,336.52  Furniture and Fixtures ..... —  1,239.00 Demand Deposits ____________  Other Real Estate -----------------  2,749.64 Time Deposits _______________  C a s h ---------------------------- ----- —  2,748.88 Notes and Bills Payable______  10 . 000 .  Due from Banks..........................  S,792.58 Notes and Bills Rediscounted  22,926.21  Due  from  Federal  1,532.27  Checks and Cash Item s_______  35.84  T o ta l _____________ _________ .$  5,162.49   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  4,285.73  Reserve  B a n k _____________ __ — ......  T ota l  00  5,000.00  Surplus F u n d __  88,162.49  00  STATE SUPERINTENDENT OF BANKS  131  PRATT CITY— PRATT CITY SAVINGS BANK A.  M. Grimsley, President C. N. Riddle, Cashier  W. C. McClure, V ice-President  RESOURCES  LIABILITIES  Loans and Discounts_________$  107,555.41 Capital Stock paid in_________$  25,000.00  Overdrafts ___________________  525.71 Surplus Fund ________________  Furniture and Fixtures__ ____  5,948.48 Demand Deposits ______________  Cash _________________________  6,326.54 Time Deposits ____________ .._  30,472.69  Due from Banks______________  10,241.59 Notes and Bills Payable______  10,500.00  Checks and Cash Items_______  159.63  Other Resources ........................  440.86  Total ........................................ $  131,198.22  Total ___ ____ ______________ $  2,500.00 62,725.53  131,198.22  PRATTVILLE— AUTAUGA BANKING & TRUST CO. C. E. Thomas, President Daniel Pratt, Vice-President  J. R. Moore, Vice-President Chas. Booth, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts -----------------------------  520,106.03 Capital Stock paid in_________$ 249.51 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  less  16,000.00  E x­  S.  penses and Taxes paid______  2,241.09  100.00 Demand Deposits ____________  250,571.30  Time Deposits _________  134,000.37  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  150,000.00  Stocks  and  W arrants __________________  16,650.00 Notes and Bills Payable______  60,000.00  Furniture and Fixtures______  2,361.25 Notes and Bills Rediscounted..  23,861.00  Other Real Estate____________  37,695.92  Cash _________________________  13.796.17  Due from Banks______________  43.852.83  Checks and Cash Items_______  878.68  Other Resources .........  983.37  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  636,673.76  T otal  ____$  636,673.76  ANNUAL REPORT FOR 1924  132  RAGLAND— BANK OF RAGLAND W . T. Floyd, President M. O. Jones, Vice-President  Mrs. Josephine Borders, Assistant Cashier J. A. Thomas, Cashier  RESOURCES  LIABILITIES  Loans and Discounts..............$  51,552.86 Capital Stock paid in________$  Overdrafts ___________________  2.91 Surplus Fund............  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  Bonds,  Stocks  less  and  4,400.00  2,240.24 87,734.34  12,685.00 Demand Deposits ...  _  Time Deposits ........  W arrants _____________  15,000.00  E x-  penses and Taxes paid____  S.  Stamps ____________________ Other  Profits  ...........  28,304.81  8,643.02  Banking House ______________  3,353.66  Furniture and Fixtures______  1,500.00  Other Real Estate____________  890.78  Cash _________________________  10,099.52  Due from Banks_______  47,002.67  Checks and Cash Item s_______  1,194.97  Cash Items in Transit..............  754.00  Total ______________ _______ $  137,679.39  Total ______________________$  137,679.39  RAMER— BANK OF RAMER A. D. Cowles, President R. F. Cowles, Cashier  S. T. Rushton, V ice-President  LIABILITIES  RESOURCES Loans and Discounts..........  41,008.98 Capital Stock paid in------------- $ 4.51 Surplus Fund -------6,639.30 Undivided  Furniture and Fixtures-----Ottier Real Estate---------- ---  Due from Banks ---------- ----- — Total .......... ...........-—..... -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  25,000.00 451.85  less  E x­  penses and Taxes paid-------  1,085.80  22,160.37 Demand Deposits ------------------  18,480.41  3,167.60  1,790.31 Time Deposits -----------------------  1,444.40  1,691.39 Notes and Bills Payable—........  30,000.00  76,462.46  Total ______ __________- ....... $  76,462.46  STATE SUPERINTENDENT OF BANKS  133  RED BAY— BANK OF RED BAY A. C. Waldrop, President Li. F. Gober, Vice-President  Olney Nabers, Assistant Cashier Chas. Cashion, Cashier  RESOURCES  LIABILITIES  I oans and Discounts..............$  153,293.41 Capital Stock paid in.............. $  Overdrafts ___________________ Other  Bonds,  Stocks  97.44 Surplus Fund ______ ............................  and  Undivided  W arrants _____  2,428.98  Banking House ______________  Profits  less  penses and Taxes paid____  Furniture and Fixtures_______  1,000.00 Time Deposits ____ 13,957.01 Other Liabilities __  Due from Banks _____________  57,971.57 Cash Over .................  Checks and Cash Items______  7,027.91 154,893.31 40,866.49  — ............................  161.20 6.50  307.00  .$  Total  5,000.00  E x-  3,900.00 Demand Deposits ....  Cash _________________________  25,000.00  232,955.41  Total  .$  232,955.41  RED LEVEL— PEOPLES BANK OF RED LEVEL J. M. Foshee. President J. L. Foshee, Vice-President  R. H. Foshee, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ______________ Other  Bonds,  Stocks  140,413.55 Capital Stock paid in.............. $ 22.45 Surplus Fund ________________  and  W arrants ---------------------------Banking House ______________  Undivided 2,076.59  Profits  less  25,000.00 5,000.00  E x­  penses and Taxes paid____  5,122.75  1,700.00 Demand Deposits ____  86,195.67  Furniture and Fixtures_______  1,300.00 Tim e Deposits ______________  96,773.86  Other Real Estate____________  6,593.58  Cash _________________________  10,172.47  Due from Banks _____________  53,663.21  Checks and Cash Items_______  649.57  Cash Items in Transit...............  1,494.87  Other Resources ____________  5.99  T o ta l _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  __$  218,092.28  T o ta l  $  218,092.28  ANNUAL REPORT FOR 1924  134  REFORM— STATE BANK OF REFORM J. L. Cummings, President J. G. Marbury, V ice-President  E. A. Nell, Assistant Cashier J. L. Taylor, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$  201,574.96 Capital Stock paid in_________?  Overdrafts ___________________  177.75 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  Profits  less  25,000.00 5,288.12  E x­  S.  penses and Taxes paid______  395.75  Stamps ____________________  2,700.00 Demand Deposits ____________  75,505.92  Banking House ..............  5,190.75 Time Deposits _______________  108,703.56  Furniture and Fixtures_______  6,449.31 Notes and Bills Payable______  45,000.00  Other Real Estate____________  4,273.15  Cash .......  9,132.49  Due from Banks______________  26,294.77  Checks and Cash Items_______  3,852.30  Cash Items in Transit________  26.42  Other Resources _____________  221.45  Total ______________________ $  259,893.35  ........... $  Total  259,893.35  REPTON— UNION BANK W . M. Newton, President H. L. Dees, Vice-President  J. E. Nettles, Assistant Cashier N.  Allen, Cashier LIABILITIES  RESOURCES Loans and Discounts_________$ Overdrafts Other  ---- _----------------------  Bonds,  Stocks  141,351.93 Capital Stock paid in_________$  30,000.00  1,208.28 Surplus Fund ________________  7,500.00  and  Undivided  Profits  less  E x-  penses and Taxes paid______  4,777.63  Banking House ______________  1,500.00 Demand Deposits ____________  108,986.97  Furniture and Fixtures______  1,500.00 Time Deposits  ..........................  70,440.55  Other Real Estate____________  7,505.41 Cash Over ___________________  104.97  W arrants .....................  1,006.09  Cash _________________________  7,253.75  Due from Banks---------------------  59,838.69  Checks and Cash Items---------  513.22  Cash Items in Transit------------  132.75  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ___ $  221,810,12  T ota l ...  221,810,12  STATE SUPERINTENDENT OF BANKS  135  ROANOKE— MERCHANTS & FARMERS BANK B.  E. Satterwhite, President  A. W alter Burton, V ice-President  P. B. Smith, Cashier  RESOURCES Loans and Discounts________3 Overdrafts __________________ Other Bonds, Stocks and W arrants _________________ Furniture and Fixtures______ Other Real Estate___________ Cash ------------------------------------Due from Banks_____________ Due from Federal Reserve Bank _____________________  318,603.10 611.44 17,200.00 5,080.13 69.998.34 15.442.34 22,557.97  125,000.00 48.11 6,902.56 178,880.39 156,923.22  16,249.30  Checks and Cash Items_____ Cash Items in Transit_______  403.85 676.66  Other Resources  931.15  Total  LIABILITIES Capital Stock paid in_______ Surplus Fund________________ Undivided Profits less E x ­ penses and Taxes paid....... Demand Deposits ___________ Time Deposits ______________  ________  ___ ____________ ____ 467,754.28  Total ______________ ______467,754.28  ROANOKE— ROANOKE BANKING COMPANY J. C. W right, President M. R. Buckalew, Cashier  T. J. Still, Assistant Cashier  W . H. W right, Assistant Cashier RESOURCES Loans and Discounts________$ Overdrafts _____________ U. S. Bonds, Certificates of Indebtedness and W. S. Stamps ___________________ Other Bonds, Stocks and W arrants _________________ Banking House______________ Furniture and Fixtures______ Other Real Estate__________.. Cash ________________________ Due from Banks________ Due from Federal Reserve Bank ______________________ Checks and Cash Items______ Customers Acceptances _____ Demand Loans on Cotton....... T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  W . J. Mann, Assistant Cashier LIABILITIES  Capital Stock paid in-----------Surplus Fund ----------------------Undivided Profits less E x ­ penses and Taxes paid-----1,000.00 Demand Deposits .................... Time Deposits ______________ 12,000.00 Notes and Bills Rediscounted 9,935.70 Customers Acceptances _____ 11,332.51 113,996.43 14,540.77 79,498.14 871,644.77 1,020.41  200, 000.00  200 , 000.00  44,080.49 530,288.98 186,115.13 110,500.00 14,000.00  51,397.40 777.92 14,000.00 103,840.55  .$ 1,284,984.60  T ota l  1,284,984.60  136  ANNUAL REPORT FOR 1924  ROBERTSDALE— ROBERTSDALE STATE BANK Oscar Johnson. President Wm.  McIntosh,  Vice-President  R.  RESOURCES  173,206.54 Capital Stock paid in________$ 213.82 Surplus Fund _____  Overdrafts ___________________ U. S. Bonds, Certificates of and  W.  Undivided  S.  Bonds,  Stocks  less  Profits  and  Banking House _____  103.21 78,909.83 109,770.50  Time Deposits ____ — 8,801.61 Christmas Savings  10,000.00  E x-  194.75 Demand Deposits ...  W arrants __________________  __________________  1,100.00  2,200.00  Furniture and Fixtures_______  1,960.00  Other Real Estate____________  1,350.00  Cash ____  11,990.00  Due from Banks ____________  15,416.60  Checks and Cash I t e m s ______  167.16  Cash Items in Transit________  383.06  T o ta l  Cashier  16,000.00  penses and Taxes paid______  Stamps ____________________ Other  Pearson,  LIABILITIES  Loans and Discounts_________$  Indebtedness  G.  __________________________$  215,883.54  T otal __________________________ $  215,883.54  ROCKFORD— BANK OF ROCKFORD W . B. McCain. President Hadie McCain, Assistant Cashier  W inston Stewart, Cashier  LIAB ILITIES  RESOURCES Loans and Discounts_________$  75,471.31 Capital Stock paid in_______ -$  25,000.00  Surplus Fund _______________....  5,000.00  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Stamps ____________________  1,250.00  Profits  less  E x­  penses and Taxes paid_____  5,069.27  Banking House _____________  1,620.00 Demand D e p o s its ____________  56,213.51  Furniture and Fixtures______  1,059.25 Time D e p o s its _______________  42,168.88  Other Real Estate____________  750.00 Cash O v e r ___________________  89.00  Cash _________________________  12,465.48  Due from Banks _____________  40,748.59  Checks and Cash Item s______  176.03  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  133,540.66  T ota l  ...$  133,540.66  STATE SUPERINTENDENT OF BANKS  137  ROGERSVILLE— BANK OF ROGERSVILLE J. R. Waddell, President J. C. Belen, Vice-President  Clyde W. Davidson, Assistant Cashier J. M. Pate.  Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts Other  __________________  Bonds,  Stocks  77,897.66 Capital Stock paid in.............. $ 44.55 Surplus Fund ________________  and  Undivided  Warrants __________________  647.92  Profits  less  25,000.00 20,000.00  E x­  penses and Taxes paid____  4,135.08  6,794.78 Demand Deposits ____________  173,678.99  Furniture and Fixtures_______  4,088.72 Time Deposits _______________  12,175.42  Other Real Estate____________  9,132.09 Other Liabilities ..........  Banking House _____________  Cash ....... Due from Banks_____________  121,524.76  Checks and Cash Items______  1,182.17  Total  104.54  13,781.38  _____________________ $  235,094.03  Total ______________________ $  235,094.03  RUSSELLVILLE— CITIZENS BANK & SAVINGS COMPANY C.  E. W ilson, President  Foster Gavin, Cashier  T. H. Roberson, Assistant Cashier  RESOURCES Loans and Discounts_________$ Overdrafts Other  __________________  Bonds,  Stocks  LIABILITIES 168,264.60 Capital Stock paid in_________$ 244.16 Surplus Fund _______ J________  and  W arrants __________________  Undivided 39,078.32  Profits  less  50,000.00 17,500.00  E x­  penses and Taxes paid_____  5,756.32  Banking House ______________  6,400.00 Demand Deposits ____________  125,590.39  Furniture and Fixtures_______  1,970.00 Time Deposits ..........................  116,601.80  Other Real Estate____________  9,678.00  Cash _________________________  10,542.85  Due from B a n k s _____________  77,913.25  Exchanges for Clearing House  879.72  Checks and Cash Items______  477.61  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  315,448.51  T o ta l  315,448.51  138  ANNUAL REPORT FOR 1924  SAMSON— FARMERS & MERCHANTS BANK J. B. Pinckard, President J. E. Faulk, Vice-President  W . M. W ise, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts___  216,534.72 Capital Stock paid in_______ $  60,000-00  Banking House ...............  6,250.00 Surplus Fund _______________  12,000.00  Furniture and Fixtures...  2,124.78 Undivided  Cash .............. ....................  8,559.54  Due from Banks________ Checks and Cash Items_______  less  E x­ 9,226.88  35,461.49 Demand Deposits ___________  117,720.31  48.02 Time Deposits ______________  75,704.58  Cash Items in Transit_____ __  350.55  Other Resources _____________  5,322.67  Total __________ ___________ $  Profits  penses and Taxes paid_____  274,651.77  Total ______________________ $  274,651.77  SCOTTSBORO— J. C. JACOBS BANKING COMPANY J. C. Jacobs, President H. G. Jacobs, Cashier  R. A. Jacobs, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts.............. $  286,887.33 Capital Stock paid in.............$  Overdrafts .....  1,271.14 Surplus Fund ____  Banking House __________  3,300.00 Undivided  Furniture and Fixtures______  1,350.00  Other Real Estate ______  7,667.60 Reserve  Cash  ____________________  8,574.68  Profits  penses and Taxes for  30,000.00 6,000.00  less  E x­  paid___  558.22  Taxes and In ­  terest ______________________  1,140.00  Due from Banks_____________  41,987.22 Demand Deposits ____________  142,119.33  Checks and Cash Items...........  391.71 Time Deposits ______________  141,612.13  Notes and Bills Payable____  30.000.00  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  351,429.68  T ota l  $  351,429.68  STATE SUPERINTENDENT OF BANKS  139  SELMA— CITY SAVINGS BANK OF SELMA H. C. Armstrong, President H. I. Shelley, Vice-President  B. H. Perrin, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Other  Bonds,  W arrants  Stocks  700,447.65 Capital Stock paid in.-—........... $  and  Surplus Fund _________ :__ „ __  ..............  671,609.02 Undivided  Other Real Estate____________  Other Resources ______________  35,187.32 terest  (  Total ..  for Taxes  $ 1,513,709.28  30,000.00  less E x ­  penses and Taxes paid.  3,088.47  103,376.82 Reserve  Due from Banks______________  Profits  100,000.00  41,985.77  and In ­  _____________________  57.12  Time Deposits _______________  1,339,618.37  Other L ia b ilitie s ....... ...............  2,048.02  Total  1,513,709.28  SELMA— PEOPLES BANK & TRUST COMPANY J. E. Wilkinson, Chairman of Board PL F. Cooper, President  E. L. Ratcliffe, Cashier S. A. Fowlkes, Vice-President  RESOURCES  LIABILITIES  Loans and Discounts_________I Overdrafts Other  __________________  Bonds,  Stocks  917,625.20 Capital Stock paid in_________$  100, 000.00  1,936.70 Surplus Fund ________________  50,000.00  and  W arrants __________________  Undivided 4,500.00  Banking House ______________  3,000.00  less  E x­  penses and Taxes paid_____  33,000.00 Reserve  Furniture and Fixtures_______  Profits  for  Taxes  29,933.62  and In ­  terest ______________________  1,500.00  Other Real Estate____________  24.50 Demand Deposits ____________  421,866.95  Cash _________________________  46,922.90 Time Deposits _______________  373,095.35  Due from Banks______________  47,076.14 Notes and Bills Rediscounted  120,112.33  Due  from  Federal  Reserve  Bank ______________________  34,906.09  Exchanges for Clearing House  6,537.04  Checks and Cash Items_______  979.68  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 1,096,508.25  T ota l  .$ 1,096,508.25  ANNUAL REPORT FOR 1924  140  SELMA— SELMA TRUST & SAVINGS BANK E.  C. Melvin, President  R. P. Anderson, V ice-President  R. L. Sommerville, Assistant Cashier  P. O. Thomas, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts-—--- ------$ 1,400,848.34 Capital Stock paid in_________$ Other  Bonds,  Stocks  and  Surplus Fund ..............  W arrants __________________  693,081.64 Undivided  Other Real Estate____________  5,345.00  Cash _________________________  8,416.51 Reserve  Due from Banks______________  85,049.16  penses and Taxes for Taxes  50,000.00  less  E x­ 61,475.02  paid__ and In ­  terest _______  17,250.00  1,137.49 Time Deposits _______________  1,821,957.06  .................................... 29.51 Notes and Bills Payable...........  140,000.00  Checks and Cash Items_______ Other Resources  Profits  100,000.00  Total ______________________ $ 2,193,907.65  Total ______________________ $ 2,193,907.65  SILVERHILL— STATE BANK OF SILVERHILL Oscar Johnson, President Chas. M. Lyren, Vice-President  P. G. Armstrong, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  17,297.07 Capital Stock paid in................$  U. S. Bonds, Certificates of Indebtedness Stamps Other  and  W.  S.  ______  Bonds,  19,551.73  Time Deposits .......  15,507.85  500.00 Other Liabilities _____________ Stocks  59.16  Furniture and Fixtures_______  1,323.30  Cash _____1..______ ____________  2,135.35  Due from Banks.....................  23,897.96  Other Resources _____________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  742.78  and  Warrants __________________  T ota l  10,000.00  Demand Deposits ......................  589.52  .$  45,802.36  T ota l  $  45,802.36  STATE SUPERINTENDENT OF BANKS  141  SLOCOMB— BANK OF SLOCOMB C. A. F. Cox. President C. B. Kelley, Cashier  J. J. Kelley, Vice-President  LIABILITIES  RESOURCES Loans and D iscounts___ _____$  31,448.80 Capital Stock paid in.__ ______$ 145.23 Undivided  Overdrafts ____________ Banking House ________  2,750.00  Profits  penses and Taxes  less  paid____  Furniture and Fixtures.............  2,750.00 Demand Deposits ........  Other Real Estate.—...............  1,000.00 Time Deposits ....  Cash ....  3,348.14  Due from Banks....................._.  44,602.01  Checks and Cash Items______  29.68  Total ............................... .........$  86,073.86  15,000.00  E x­ 748.77 67,150.09 3,17^5.00  Total ______ _____ __________ $  86,073.86  SPRINGVILLE— BANK OF SPRINGVILLE T.  E. Moody, President  Geo. L. Byers, V ice-President  Margaret Forman, Assistant Cashier  Chas. W . Allison, Vice-President  Carrie Mae Moody, Assistant Cashier  M. W . Forman, Cashier RESOURCES Loans and Discounts_________$ Overdrafts ........ Other  Bonds,  LIABILITIES 139,271.81 Capital Stock paid in_________$ 289.95 Surplus Fund ________________  Stocks  and  W arrants ...............  Undivided 18,969.87  Banking House ..........................  Profits  less  penses and Taxes paid______  1,000.00 Demand Deposits................ 1,000.00 Time Deposits .... ..................... 3,362.67  38,335.90  Checks and Cash Items______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  130,939.36  9,479.74  Due from Banks________  T ota l  3,277.60 56,610.42  Other Real Estate........... ....................................  11,000.00  E x­  Furniture and Fixtures...........  Cash  10,000.00  ____$  117.44  211,827.38  T ota l  __ $  211,827.38,  ANNUAL REPORT FOR 1924  142  STANDING ROCK— BANK OF STANDING ROCK C. E. Hines, President J. H. Hines, Vice-President  J. R.  RESOURCES  LIABILITIES  Loans and Discounts_________ $  32,675.28 Capital Stock paid in_______  U. S. Bonds, Certificates of Indebtedness  and  W.  Surplus Fund _______________  S.  Undivided 296.87  Stamps ____________________ Other  Bonds,  Stocks  W arrants __________________ ,  less  8 , 000.00  E x­  penses and Taxes paid_____  1,249.05 81,247.50  300.00 Time Deposits ______________  23,685.27  000.00  Furniture and Fixtures..........  500.00  Other Real Estate________ ___  ,784.92  Cash --------------------------------------  ,506.34  Due from Banks______________  ,122.07  ________ $  Profits  15,000.00  Demand D e p o s its ___________  and  Banking House ______________  Total ____  Hines, Cashier  129,185.48  Cash Over __________________  Total .........................................$  3.66  129,185.48  SULLIGENT— BANK OF SULLIGENT W . W . Ogden, President J. C. Buckalew, Vice-President  J. A. Miller, Assistant Cashier  F.  M. Sizemore, Cashier LIABILITIES  RESOURCES Loans and Discounts.—......... — $  192,519.10 Capital Stock paid in_________$  Overdrafts ___________________  659.31 Surplus Fund ________________  U. S. Bonds, Certificates of Indebtedness  less  20,000.00  E x­  S.  penses and Taxes paid........  2,617.91  18,852.39 Demand Deposits ____________  193,483.91  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  48,500.00  Stocks  Time Deposits ................  and  W arrants ______________ Banking House ______________ Other Real E s t a t e ____ Cash  1.00  3,350.00  ________________________  Due from Banks ____________ Checks and Cash Items_  T o ta l ________________________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  77,881.78  52,450.00  13,898.72 60,677.58 75.50  342,483.60  T o ta l ________________________ $  342,483.60  STATE SUPERINTENDENT OF BANKS  143  SWEET WATER— SWEET WATER STATE BANK G.  W . W atson. President  Sam Boozer, V ice-President  J. E. Vice, Cashier  RESOURCES  LIABILITIES  ..... $ Overdrafts - ___ ________ _____  127,593.87 Capital Stock paid in______ __ $ 108.97 Surplus Fund ________________  Banking House ............ —_____  2,000.00 Undivided  Furniture and Fixtures... _____  2,700.00  Profits  less  20,000.00 12,000.00  E x­  penses and Taxes paid......2,780.44  2,475.18 Reserve  for  Taxes and In­  .........  3,153.20  terest ______________________  350.00  _____  4,085.26 Demand Deposits ____________  50,924.93  Total ................................. .......$  1.933.50 Time Deposits -----------------------  47,994.61  Notes and Bills Payable______  10,000.00  144,049.98  Total ______ _______________ $  144,049.98  TALLADEGA— BANK & TRUST COMPANY OF TALLADEGA Leon G. Jones. President J.  W.  Cowen,  Vice-President  W.  H. G. Boyd, V ice-President RESOURCES  Overdrafts ________  Other  and  W.  100,000.00  6,074.90 Surplus Fund ________________  25,000.00  Profits  less  E x­  penses and Taxes paid____ 2,350.00 Reserve  for  Taxes  and  11,274.08  In­  and  terest ______________________  2,334.70  W arrants __________________  25,915.04 Unearned Interest ___________  1,077.50  Stock  in  Stocks  Undivided  S.  ______________________  Bonds,  Cashier  575,765.36 Capital Stock paid in_________$  U. S. Bonds, Certificates of Stamps  Dowdell,  LIABILITIES  Loans and Discounts............... $  Indebtedness  C.  O. R. Barton, Assistant Cashier  Federal  Reserve  Bank ......... Furniture and Fixtures_________  Demand Deposits ____________  457,156.37  3,750.00 Time Deposits _________ ____ __  109,195.45  3,747.39  Other Real Estate......................  3,544.46  Cash _________________________  28,217.52  Due from Banks______________  23,042.29  Due  from  Federal  Reserve  Bank ______________________  25,048.71  Exchanges for Clearing House  3,045.09  Checks and Cash Items_________  1,440.90  Cash Items in Transit___________  4,096.46  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  706,038.10  T ota l  $  706,038.10  144  ANNUAL, REPORT FOR 1924  TALLASSEE— BANK OF TALLASSEE Geo. D. Patterson, President J. H. Wilson, Vice-President  A. J. Noble, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts Secured b y Cotton Overdrafts (Unsecured)______  120,080.23 Capital Stock paid in_________$  15,000.00  3,521.94 Surplus Fund ________________  5,000.00  461.51 Undivided  U. S. Bonds, Certificates of  Profits  less  E x­  penses and Taxes paid_____  5,191.57  S.  Demand Deposits ____________  144,168.74  Stamps ____________________  700.00 Time Deposits _______________  51,602.15  Other Liabilities _____________  193.42  Indebtedness  Other  Bonds,  and  W.  Stocks  and  W arrants __________________  2,000.00  Banking- House ______________  10,000.00  Furniture and Fixtures_______  2,700.00  Other Real Estate____________  3,780.53  Cash _______________________  5,804.64  Due from Banks_______  70,846.80  Checks and Cash Items_______  92.70  Other Resources _____________  1,167.53  Total ................... ..................... $  221,155.88  T otal  __________________________ $  221,155.88  TARRANT— TARRANT CITY SAVINGS BANK K. L.  A. Conville, President  W. Hubbard, Vice-President  E. P. Rosamond, V ice-President  W. G. Nethery, Cashier RESOURCES Loans and Discounts_________$ Overdrafts ___________________ Other  Bonds,  Stocks  LIABILITIES 138,867.11 Capital Stock paid in________$ 36.76 Undivided  Profits  less  25,000.00  E x­  and  penses and Taxes paid_____  4,095.34  W arrants __________________  2,400.00 Demand Deposits ____________  118,426.98  Banking House ______________  3,500.00 Time Deposits _______________  20,215.18  Furniture and Fixtures_______  5,176.21 Cash Over ___________________  70.99  Cash ___________ Due from Banks_______  12,163.25 5,513.41  Checks and Cash Items_______  47.75  Cash Items in Transit________  104.00  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  167,808.49  T ota l  167,808.49  145  STATE SUPERINTENDENT OF BANKS  THOMASTON— PLANTERS BANK & TRUST COMPANY E. G. Thomas, President W. B. Harrell, Vice-President  O. D. Carlton, Vice-President  C. C. Pritchett, Cashier RESOURCES  LIABILITIES 118,503.04 Capital Stock paid in________$  Lodns and Discounts____i.__ $ Overdrafts Other  62.71 Surplus Fund ................  ----  Bonds,  Stocks  Undivided  and  Warrants .... ......... ..... ......... —  5,365.00  Profits  less  E x­  penses and Taxes paid...........  2,000.00 Demand Deposits ...............  Banking House --------------Furniture and Fixtures-  2,191.30  15,000.00 15,000.00  2,433.15 102,029.94  Time Deposits ............................  48,974.28  Cash ___  12,502.01 Notes and Bills Payable..........  20,000.00  Due from Banks _____________  63,075.46 Other Liabilities .............  Checks and Cash Items...... —  314.28  52.13  Total ______________________ $  203,751.65  Total ___________ __________ $  203,751.65  THOMASVILLE— FARMERS BANK & TRUST COMPANY J. W. Tucker, President E.  C. Dozier,  Vice-President  R.  G.  Dunning,  Vice-President  Paul Clarke, Cashier RESOURCES  LIABILITIES  Loans and D iscounts------------- $ Overdrafts ---------- --- --------- -----  799,245.12 Capital Stock paid in_______ $ 12.30 Surplus Fund _______________  U. S. Bonds, Certificates of Indebtedness  less  25,000.00  E x­  S.  penses and Taxes paid.......  14,716.65  6,450.00 Demand Deposits ......................  406,077.55  Bonds,  W arrants  W.  Profits  Stamps _____________ ______ Other  and  Undivided  100, 000.00  Stocks  and  ................. ..............  Time Deposits 26,452.17 Notes and Bills Rediscounted  Banking House ______________  2, 000.00  Furniture and Fixtures_______  3,000.00  Other Real Estate____________  19,095.00  Cash _________________________  48,204.30  Due from Banks______________  104,249.74  Checks and Cash Items...........  2,403.21  Total  ___________ $ 1,011,111.84   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  T ota l  442,826.42 22,491.22  1,011,111.84  146  ANNUAL REPORT FOR 1924  THORSBY— BANK OF THORSBY Chas. E. Lucas. President Carl C. Peterson, Vice-President  C. R. Foss, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  71,396.31 Capital Stock paid in_________$  Overdrafts ___________________  161.04 Surplus Fund ____  6,000.00  Banking House ______________  1,000.00 Undivided  Furniture and Fixtures..........  2,097.06  penses and Taxes paid______  1,572.73  Cash .......  3,332.52 Demand Deposits ____________  77,557.79  Due from Banks.................  6,141.86 Time Deposits ................  25,809.35  Cash Items in Transit________  4,292.27 Other Liabilities ___  Bills of Acceptances..............  Profits  10,000.00  less  E x­  70.55  32,589.36  Total .......................... .... ..........$  Total ....................................121,010.42  121,010.42  TOWNLEY— BANK OF TOWNLEY A. M. Grimsley, President J. C. Teaford, Vice-President  Robert Lang, Vice-President H. H. Morgan, Cashier  LIABILITIES  RESOURCES Loans and Discounts------------- $  51,260.36 Capital Stock paid in_____ ___ $ 349.29 Surplus Fund .............................  Overdrafts ................................... Banking House ...................—  2,000.00  Furniture andFixtures_______  2,463.12  Undivided  Profits  less  15,000.00 2,500.00  E x-  penses and Taxes paid_____  1,059.78  933.70 Demand Deposits ______ ______  28,399.35  Cash ...................  8,790.36 Time Deposits _______ _______  13,930.31  Due from Banks ........................  2,101.05  Notes and Bills Payable..........  7,000.00  Other Liabilities _____________  8.44  Other Real Estate-------------------  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  67,897.88  T ota l  .$  67,897.88  STATE SUPERINTENDENT OF BANKS  147  TROY— W. B. FOLMAR & SONS, BANKERS W . B. Folmar, President P.  P. Folmar, Cashier  J. P. McBryde, Assistant Cashier LIABILITIES  RESOURCES Loans and Discounts_________$  364,192.01 Capital Stock paid in_________$ Individual Responsibility ____  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Profits  less  50,000.00 50,000.00  E x­  20,206.14 penses and Taxes paid_____  45,909.40  and  Demand Deposits ____________  332,897.17  W arrants __________________  7,210.00 Time Deposits _______________  122,114.77  35,000.00Notes and Bills Payable______  35,000.00  Furniture and Fixtures______  5,000.00 Notes and Bills Rediscounted  9,629.55  Other Real Estate____________  138,498.86 Other Liabilities ____________  6,699.48  Stamps ______________________ 'Other  Bonds,  Stocks  Banking H o u s e ________________  C a s h ____________________________ D ue from Banks_______________ Checks and Cash Items........... Other Resources .............................  18,181.08 39,031.52 6,768.36 18,162.40  652,250.37  Total  T'otal  652,250.37  TROY— TROY BANK & TRUST COMPANY Chas. Henderson, President J. C. Henderson, Vice-President  L. C. Powell, Cashier  J. N. Finlay, Assistant Cashier LIABILITIES  RESOURCES Loans and Discounts_________$ Overdrafts  __________________  229,612.95 Capital Stock paid in..... ........ $  50,000.00  432.56 Surplus Fund ________________  30,000.00  U. S. Bonds, Certificates of Indebtedness  and  W.  Stamps ____________________ Other  Bonds,  Stocks  Furniture and Fixtures______ Other Real Estate____________  36,786.20 Reserve  E x­  for  Taxes  and  24,281.65  In­  terest ______________________  2,410.50 187,597.29  2,000.00 Time Deposits _______________  152,514.83  2,840.00 20,089.15  Due from Banks______________  149,583.72  Checks and Cash Item s_______  865.76   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  4,593.93 Demand Deposits ____________  ________________________  T o ta l  Profits  penses and Taxes paid______  and  W arrants ______  Cash  Undivided  S.  446,804.27  T otal  446,804.27  148  ANNUAL REPORT FOR 1924  TUSCALOOSA— THE MERCHANTS BANK & TRUST CO. C. B. Verner, President W . P. Fitts, Jr., Vice-President  D. L. Rosenau, Vice-President  Glenn Foster, Vice-President  Chas. Ingram, Assistant Cashier  G. W. Christian, Vice-President  A. M. McGill, Assistant Cashier  Chas. F. Flinn, Cashier RESOURCES Loans and Discounts  LIABILITIES  .........2,114,993.14  Overdrafts ................................... Other  Bonds,  Stocks  Capital Stock paid in____ ____.$  739.45 Surplus Fund  and  Undivided  W arrants ....  126,141.97  ................. ......  Profits  less  250,000.00 50,000.00  Ex-  penses and Taxes paid.........  139,245.40  Banking House __________  19,800.00 Demand Deposits ____  Furniture and Fixtures.............  10,498.10 Time Deposits _______________  660,792.91  8,202.90 Notes and Bills Payable ........  350,000.00  Other Real E s ta te ............ ________________________  85,692.90  Due from Banks______________  246,718.48  Exchanges for Clearing House  16,779.89  Cash  Checks and Cash Items_______  1,600.43  Cash Items in Transit________  22,319.43  2,653,486.69  Total  1,203,448.38  2,653,486.69  Total  TUSKEGEE— BANK OF TUSKEGEE John H. Drakeford, President D. E. Laslie, Vice-President  Floyd Forman, Cashier  Daisy  Buice,  Assistant  Cashier LIABILITIES  RESOURCES Loans and Discounts_______ $  81.02 Surplus Fund .......  Overdrafts ........... Other  Bonds,  523,247.59 Capital Stock paid in------------- $  Stocks  Undivided  and  Warrants ______  11,700.00  Profits  penses and Taxes  Furniture and Fixtures..........  10,243.34 Reserve  Cash  18,892.34  for  Taxes  50,000.00 70,000.00  less  E x­  paid____  8,972.72  and In­  terest ..................... ...................  1,021.76  Due from Banks _____________  28,457.53 Demand Deposits ......................  249,789.59  Checks and Cash Items_______  1,350.08 Time Deposits _______________  82,923.62  Other Resources _____________  2,921.90 Notes and Bills Payable______  160,000.00  Demand Loans on Cotton.......  8,812.89 Acceptances Sold ______  ..........  Cash Short . _ .............. ..... Acceptances Bought _________  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  1,000.00  1.00 18,000.00  $  623,707.69  T ota l  .$  623,707.69  STATE SUPERINTENDENT OP BANKS  149  TUSKEGEE— FARMERS STATE BANK L. C. Johnston, President and Cashier  . F. M. Johnston, Vice-President  RESOURCES  LIABILITIES  Loans and Discounts________ $  202,906.31 Capital Stock paid in________$  Overdrafts -----------------------------  472.24 Surplus Fund ....  U. S. Bonds, Certificates of  Undivided  Indebtedness  and  W.  Other  Bonds,  Stocks  Furniture and Fixtures_______  E x­  penses and Taxes paid_____  2,488.83 116,066.18  Time Deposits _______________  10,735.00  934.60 Notes and Bills P ayable____  67,000.00  and  W arrants ______  22,500.00 less  56.37 Demand Deposits ____________  S.  Stamps ........  Profits  30,000.00  1,350.00  Other Real Estate--------- --------  4,963.90  Cash ___  12,102.14  Due from Banks_________  15,732.31  Checks and Cash Items ............  462.24  Acceptances Bought _________  600.00  Demand Loans on Cotton___  9,209.90  Total ________ ....:___________$  248,790.01  Total ............_______________ $  248,790.01  TUSKEGEE— MACON COUNTY BANK W . W . Campbell, President J. C. Wright, Vice-President  P. M. Lightfoot, Assistant Cashier L. W. Wilkerson. Cashier  RESOURCES  LIABILITIES  Loans and Discounts ...............$ Overdrafts .... Other  Bonds,  460,352.59 Capital Stock paid in................ $ 1,720.87 Surplus Fund _____________  Stocks  and  Undivided  Warrants .............  19,646.88  Furniture and Fixtures...........  Profits  less  9,120.17  3,384.08 Demand Deposits ......................  356,889.44  Other Real Estate.................  20,448.01 Time Deposits ________ 12,108.70  Due  from  Federal  59,902.84  Bank ______________________  29,135.48 2,000.00  Checks and Cash Items_______  899.07  Cash Items in Transit________  676.35  Cash Short ____  107.59  Demand Loans on Cotton___   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  92,654.59  Reserve  Exchanges for Clearing House  T ota l  E x­  penses and Taxes paid____  Cash ______________ Due from Banks __  50,000.00 110,000.00  8,281.74  $  618,664.20  T ota l  $  618,664.20  150  ANNUAL REPORT FOR 1924  TUSKEGEE INST.— TUSKEGEE INST. SAVINGS BANK R. R. Moton. President Chas. H. Gibson, Secretary  Robert Gover, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  1,197.09 Capital Stock paid in_________$  Overdrafts ___________________ Other  Bonds,  Stocks  5.21 Surplus Fund _______________  25,000.00 5,000.00  and  Reserve for Expenses________  993.45  W arrants __________________  78,656.63 Demand Deposits ____________  52,992.44  Cash _________________________  4,538.99 Time Deposits ___  Due from Banks _____________  25,686.96  Checks and Cash Items______  822.58  Total __________________ ___ $  110,907.46  26,921.57  Total ..................... ................... $  110,907.46  UNION SPRINGS— AMERICAN BANK F.  M. Moseley, President  A. J. Moseley, V ice-President  W . M. Crossley, Vice-President J. R. Morgan, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ O verdrafts ___________________  187,959.56 Capital Stock paid in_________$ 349.19 Surplus Fund _________ Undivided  U. S. Bonds, Certificates of  Profits  less  50,000.00 10,000.00  E x­  S.  penses and Taxes paid...........  3,830.76  Stamps ____________________  34,550.00 Demand Deposits ____________  66,575.70  Indebtedness  and  W.  and  Time Deposits _______________  77,120.37  W arrants __________________  2,250.00 Notes and Bills Payable______  34,100.00  Furniture and Fixtures______  2,594.29 Notes and Bills Rediscounted..  21,346.85  Other Real Estate____________  2,765.00  C a s h ________________________  10,190.66  Due from Banks _____________  11,233.28  Other  Due  Bonds,  from  Stocks  Federal  Reserve  Bank ______________________  10,783.32  Checks and Cash Items_______  298.38  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ___$  262,973.68  T ota l  ...$  262,973.68  STATE SUPERINTENDENT OF BANKS  151  UNION SPRINGS— MERCHANTS & FARMERS BANK W. W. Rainer, President T. W . Palmer, Vice-President  C. H. Norton, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts_________$ Overdrafts ___________________  122,690.43 Capital Stock paid in_________$  U. S. Bonds, Certificates of Indebtedness  Profits  8,000.00 less  E x­  S.  penses and Taxes paid____  3,819.73  11.81 Demand Deposits ____________  69,757.95  Time Deposits _______________  42,505.17  Bonds,  W.  Undivided  Stamps ____________________ Other  and  40,000.00  200.36 Surplus Fund _____  Stocks  and  W arrants ..........  650.00 Other Liabilities .......  Banking House ______________  5,000.00  Furniture and Fixtures_______  1,910.00  Dther Real Estate____________ Cash  13.63  1,750.00  ..........  11,716.15  Due from Banks.........................  20,145.13  Checks and Cash Items............  22.60  Total _____________________ $  164,096.48  Total ______________ __ _____ $  164,096.48  UNIONTOWN— CANEBRAKE LOAN & TRUST CO. Val Taylor, President W. H. Tayloe, V ice-President  W. M. Buck, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________$ Overdrafts Other  _______________  Bonds,  Stocks  79,447.27 Capital Stock paid in_________$ 12.39 Surplus Fund ______________  and  Undivided  W arrants ...........................  6,300.01  Profits  less  12,500.00  E x­  penses and Taxes paid_____  2,442.92  Furniture and Fixtures............  3,365.00 Demand Deposits ...........................  Other Real Estate......................  6,471.13  Cash _______  12,941.78  Due from Banks..............  27,142.62  Checks and Cash Item s_____  65.42  Cash Items in Transit_______  29.46  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  135,775.07  T otal  50,000.00  $  70,832.15  135,775.07  152  ANNUAL REPORT FOR 1924  UNIONTOWN— PLANTERS & MERCHANTS BANK W . J. White, President  S. T. W hitfield, Vice-President J. H. Bradford, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$  264,988.95 Capital Stock paid in................ $  O verdrafts _______________  985.37 Surplus Fund ______  U. S. Bonds, Certificates of Indebtedness  less  80,000.00 E x­  S.  penses and Taxes paid____  26,141.32  22,200.00 Demand Deposits ____________  339,679.07  Bonds,  W.  Profits  Stamps ____________________ Other  and  Undivided  80,000.00  Stocks  and  W arrants __________________  49,384.57  Banking House ______________  3,500.00  Furniture and Fixtures_______  3,500.00  Other Real Estate—...................  1,950.00  Cash _________________________  22,986.57  Due from Banks______________  153,936.08  Checks and Cash Items______  638.85  Other Resources _____________  1,750.00  .$  Total  525,820.39  .........$  Total  525,820.39  VALLEY HEAD— BANK OF VALLEY HEAD J. B. F. Lowry, President G.  M. D. Lowry, V ice-President  N. S. Davenport, Vice-President  C. L. Porter, Cashier LIABILITIES  RESOURCES Loans and Discounts_________$  138,420.22 Capital Stock paid in_________$  21, 200.00 13,100.00  Overdrafts ___________________  386.87 Surplus Fund ____________ ___  Banking House ---------------------  4.573.00 Demand Deposits .................. ...  87,477.20  Furniture and Fixtures— -------  2.450.00 Time Deposits _______________  38,414.49  Other Real Estate------------------  17,452.95 Notes and Bills Payable______  33,000.00  Cash _________________________  6,362.05 Notes and Bills Rediscounted  5,000.00  Due from Banks______________  27,655.90 Depreciation Reserve ...............  841.04  Checks and Cash Items—......  20.00  Cash Items in Transit_____  753.96  Other Resources___ _________  957.78  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  199,032.73  T o ta l  ....  $  199,032.73  STATE SUPERINTENDENT OP BANKS  153  VERBENA— BANK OF VERBENA H.  B. Oliver, President  W . H. Strock, V ice-President  H. W . Davis, Cashier  G. H. Caffey, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts ------------$  65,293.17 Capital Stock paid in_________$ Surplus F u n d ________________  U. S. Bonds, Certificates of Indebtedness and  Stamps ____________________ Other  Bonds,  Undivided Profits  Revenue  Stocks  Warrants __........  Furniture and Fixtures_______  5,000.00  E x­  penses and Taxes paid... .....  3,651.07  Demand Deposits_____________  102,466.65  15,930.00 Time Deposits _______________  800.00  20.00  and  Banking House ______________  less  15,000.00  2,900.00 900.00  Cash _________________________  8,272.23  Due from Banks.......................  33,602.32  Total ______________________ % 126,917.72  Total ______________________ $  126,917.72  VERNON— BANK OF VERNON A. M. Gnmsley, President T. S. Jones, Cashier  J. B. Wheeler, Vice-President RESOURCES  LIABILITIES  Loans and Discounts_________$ O verdrafts ___________________ Other  Bonds,  Stocks  84,256.90 Capital Stock paid in_________$  25,000.00  97.26 Surplus Fund _________________  7,500.00  and  W arrants __________________  Undivided 30,920.00  Profits  less  penses and Taxes paid_____  Banking House ______________  4,600.00 Demand Deposits _____  Furniture and Fixtures...........  1,925.00  Other Real Estate____________  800.00  Cash _________________________  7,124.42  Due from Banks........................  13,437.14  Checks and Cash Items_______  44.46  Other Resources _____________  193.31  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  143,398.49  E x­  T ota l  3,931.30 106,967.19  .$  143,398.49  154  ANNUAL REPORT FOR 1924  VINA— VINA BANKING COMPANY J. W . Rogers, President Fred Massey, Vice-President  W. A. Frost, Cashier  RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ___________________ Other  Bonds,  Stocks  86,663.49 Capital Stock paid in_________$  18,000.00  273.29 Surplus Fund ________________  1,000.00  and  Undivided  W arrants __________________  6,473.80  Profits  less  penses and Taxes paid______  Banking House ____________________5,150.00 Reserve for  Taxes  3,295.00  Cash  4,630.88 •Demand Deposits ..........  Due from Banks................. Checks and Cash Items______ Cash Items in Transit________  2,802.39  and In­  Furniture and Fixtures............ ...................  E x­  terest ______________________  39.37 71,605.96  41,763.84 Time Deposits _______________  62,386.91  291.57 Cash Over ___________________  46.56  1,057.63  Other Resources ......  44.00  Lumber Invoices ..................... __  6,237.69  Total ______________________ $  155,881.19  Total ______________________ $  155,881.19  VINEMONT— CITIZENS STATE BANK R. I. Moore. President A. W . Tucker, Vice-President  J. W esley Curry, Cashier  RESOURCES  LIABILITIES  Loans and Discounts________ $ Overdrafts ___________________  60,563.08 Capital Stock paid in______ __ $ 24.75 Surplus Fund _____  Banking House ___  1,650.00 Undivided  Furniture and Fixtures.......  1,788.50  Other Real Estate ........ Cash _________________________ Due from Banks________ Checks and Cash Items........— Other Resources .......  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Profits  10,000.00 1,240.00  less  E x­  penses and Taxes paid_____  1,606.05  299.81 Demand Deposits ____________  41,461.77  7,580.37 Time Deposits _______________  30,179.36  12,562.95 Other Liabilities _____________  4.48  15.80 6.40  .$  84,491.66  T ota l  .$  84,491.66  155  STATE SUPERINTENDENT OF BANKS  WADLEY— BANK OF WADLEY J. M. Welch. President H. D. Pearson, Cashier  J. M. Hodge, Vice-President  LIABILITIES  RESOURCES Loans and Discounts.................$  116.49 Surplus Fund ________________  Overdrafts ___________________ Other  Bonds,  Stocks  133,941.27 Capital Stock paid in_________$  Undivided  and  Profits  25,000.00  E x­  paid___  11,747.88  Banking House ______________  2,500.00 Demand Deposits ....................  81,944.45  Furniture and Fixtures............  1,225.97 Time Deposits _______________  40,560.58  Cash _________________________  8,118.58 Notes and Bills Payable____  10,000.00  W arrants ............................. —  2,282.98  Due from Banks...................—  30,796.75  Cash Items in Transit_______  22,770.87  Total __________ ___________ $  201,752.91  penses and Taxes  less  32,500.00  Total _______________ _____ 201,752.91  WARRIOR— BANK OF WARRIOR T. M. Davidson, President Mrs. Ida Davidson, Assistant Cashier  E. C. Steele, Cashier RESOURCES  LIABILITIES  Loans and Discounts_________$ Other  Bonds,  Stocks  2,088.00 Capital Stock paid in......................... 10,000.00  and  Surplus Fund __ 75,000.00 Undivided  W arrants __________________  Profits  2,000.00 less  E x­  Furniture and Fixtures_______  5,000.00  Cash _________________  7,667.48 Demand Deposits ______________  Due from Banks______________  19,437.23  Checks and Cash Items_______  36.00  T o ta l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  104,728.71  penses and Taxes paid_____  T o ta l  4,177.43  .$  88,551.28  104,728.71  ANNUAL REPORT FOR 1924  156  WATERLOO— FARMERS & MERCHANTS BANK Buck Sharp, President J. L. Cooper, V ice-President and Cashier  W . S. Prim, Assistant Cashier  RESOURCES  LIABILITIES 44,618.26 Capital Stock paid in_______ $  Loans and Discounts______ -?  .17  O v e r d r a ft s  Banking House ____ _______  7,500.00  2,074.88 Undivided  Furniture and Fixtures____  1,575.00  Due from Banks.—.............. ....  $  10,000.00  Profits  less  E x589.27  penses and Taxes paid_____  1,773.31  36,666.62  10,103.34  30,228.93  24,847.26  7.40  84,992.22  T'ntal  $  84,992.22  WEDOWEE— BANK OF WEDOWEE J. C. Swann, President  W . H. McMurray, Vice-President  Lemerle Mashburn, Cashier  RESOURCES  LIABILITIES  Loans and Discounts___ _____ ? _____  112,010.35 Capital Sto'ck paid in_________$ 3,887.10 Surplus Fund ________________  Banking House_________ _____  2,117.36 Undivided 3,121.51  Profits  less  40,000.00 8,500.00  E x­  penses and Taxes paid.........  1,320.11  Other Real E state______ ..........  2,216.94 Demand Deposits ____________  131,307.05  _____  20,622.94 Time Deposits _______________  23,237.23  60,388.19  Due from Banks..............  T ota l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$  204,364.39  T ota l  .$  204,364.39  STATE SUPERINTENDENT OF BANKS  157  WEST BLOCTON— WEST BLOCTON SAVINGS BANK W . R. Young-, President Geo. W .  Randall, V ice-President  B. H.  RESOURCES  Gatlin,  Cashier  LIABILITIES  Loans and Discounts...............$  222,033.82 Capital Stock paid in_________$ 24.42 Surplus Fund ________________  O verdrafts ______________ ____ U. S. Bonds, Certificates of  Undivided  Profits  less  25.000.  00  45.000.  00  E x­  S.  penses and Taxes paid_____  6,452.01  Stamps __________ _________  585.25 Demand Deposits ......................  272,185.30  Indebtedness  Other  and  Bonds,  W.  Stocks  and  133,532.48  Time Deposits  W arrants __________________  163,344.47  Banking House ______________  1.500.00  Furniture and Fixtures—._____  1.600.00  Other Real Estate____________  14,247.00  Cash _________________________  36,069.99  Due from Banks______________  42,764.84  482,169.79  Total  .?  Total  482,169.79  WETUMPKA— BANK OF WETUMPKA John A. Lancaster. President G. B. Smith, Cashier  L. C. Smith, Vice-President Mary F. Samford, Assistant Cashier RESOURCES  LIABILITIES  Loans and Discounts_________$ Overdrafts ......................... _....... Other  Bonds,  Stocks  107,040.43 Capital Stock paid in_________$ 632.08 Surplus Fund _________  and  Undivided  W arrants ______________  15,210.00  Banking House _________  Profits  less  10,000.00 E x­  penses and Taxes paid........  20,000.00 Demand Deposits ........  Furniture and Fixtures______  295.37 119,395.31  3,872.62 Time Deposits _________  Other Real Estate......................  50,000.00  17,994.05  23,380.14 Notes and Bills P ayable..........  25,000.00  Cash _____________________  17,517.50 Other Liabilities ........................  51.64  Due from Banks_____________  34,533.35  Checks and Cash Items__ ___________ 229.83 Cash Items in T ra n sit.......... —  T o ta l —   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  320.42  222,736.37  T ota l  .$  222,736.37  ANNUAL. REPORT FOR 1924  158  WILSONVILLE— WILSONVILLE STATE BANK W . H. Pope, President Mrs. O. E. Black, Assistant Cashier  E. W. Holland, Vice-President  E. H. Payne, Cashier  RESOURCES  LIABILITIES  Loans and D iscounts_________$  41,591.70 Capital Stock paid in_________$  10 , 000.00  Overdrafts Secured __________  1,542.10 Surplus Fund ________________  3,000.00  Other  Bonds,  Stocks  and  Undivided  W arrants __________________  Profits  less  E x­  penses and Taxes paid______  1,069.42  Banking House ______________  2,300.00 Demand Deposits ___________  37,176.25  Furniture and Fixtures_______  1,801.00 Time Deposits __________ _ __  14,670.61  Cash _________________________  5,738.17 Cash Over ___________________  12.44  275.52  Due from Banks______________  11,148.44  Checks and Cash Items...... ....  84.07  Cotton Loans ________________  1,447.72  Total  65,928.72  ___ __ _ $  Total  65,928.72  WINFIELD— CITIZENS BANK A. M. Grimsley, President M.  W . L. Roberts, Cashier  L. Lucas, Vice-President  RESOURCES  LIABILITIES 109,412.69 Capital Stock paid in_________$  Loans and Discounts___  4,310.17 Undivided  Furniture and Fixtures....  Profits  less  25,000.00  2 01 0.00  45.01 Surplus Fund ____ __ _________  Overdrafts .........................  ,  )  E x­  Other Real Estate______  2,550.00  penses and Taxes paid_____  2,460.75  Cash ______ __ ___________  7,980.47 Demand Deposits ____________  79,220.50  Due from Banks_______  25,698.26 Time Deposits _______________  41,535.35  20.00  Checks and Cash Items..  T otal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  150,016.60  T ota l  .$  150,016.60  159  STATE SUPERINTENDENT OF BANKS  WINFIELD— WINFIELD STATE BANK Raymond W . Harris, President J. G. Stalcup, Cashier  M. C. Hollis, Vice-President  RESOURCES  LIABILITIES 101,091.97 Capital Stock paid in......................... 15,000.00  Loans and Discounts......_....... $  294.63 Surplus Fund ________  Overdrafts ____ Other  Bonds,  Stacks  and  Undivided  W arrants ........... ......... _..........  7,657.50  Banking House _____  694.00  Other Real Estate________ Cash  ..............................  Due from Banks__________  less  15,000.00 E x­  penses and Taxes paid____  3,092.00 Reserve  Furniture and Fixtures_______  Profits  terest  for Taxes  7,974.25  and In­  ______________  2,500.00  7,150.00 Demand Deposits ____________  60,528.03  9,620.98 Time D e p o s its ... ........................  66,605.10  21,717.16 Other Liabilities .....................  Checks and Cash Items...........  873.10  1,604.06  Other Resources ____  5,058.18  Advanced on Cotton..................  10,500.00  Total .......... ..............................$  168,480.48  Total .................................... _...$  168,480.48  WOODLAWN— WOODLAWN SAVINGS BANK A. W . Bell, President H. G. Prickett, V ice-President  E. A. Carter, Vice-President  Margaret E. Gribbon, Cashier RESOURCES  LIABILITIES  Loans and Discounts................$ Overdrafts ___________________ Other  Bonds,  Stocks  617,157.47 Capital Stock paid in......................... 25,000.00 686.12 Surplus Fund _________  and  Warrants ________  Undivided 3,100.00  Profits  less  45,000.00 E x­  penses and Taxes paid.......  4,709.03  1,000.00 Demand Deposits ____________  394,962.73  Cash ....._______________________  23,147.23 Time Deposits _______________  221,172.83  Due from Banks..........................  65,392.34 Notes and Bills Payable...........  20,000.00  Furniture and Fixtures_______  Checks and Cash  Item s_____  274.60  Cash Short __________________  86.83  T o ta l __   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ...$  710,844.59  T o ta l  $  710,844.59  ANNUAL REPORT FOR 1924  160  YORK— BANK OF YORK G. C. Gowdey, President E. F. Allison, Vice-President  R. L. Adams, Cashier  Mary Dillard, Assistant Cashier  RESOURCES  LIABILITIES  Loans and Discounts..,-----------  179,154.20 Capital Stock paid in_______ 20,000.00  Overdrafts ----------- -----------------  12,098.75 Surplus Fund _______ .________  U. S. Bonds, Certificates of Indebtedness  and  W.  Undivided  S.  Stamps ____________________ Other  Bonds,  Stocks  16,000.00  E x­ 3,853.21  penses and Taxes paid_____  205,669.49  Time Deposits  20,617.62  2.300.00 Other Liabilities  6,230.00  5.500.00  Banking House --------------------Furniture and Fixtures...........  3.139.00  Other Real Estate......................  1,355.58  Cash _________________________  20,702.41  Due from Banks_____________  41,046.38  Other Resources --------------------  6.230.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  less  844.00 Demand Deposits _  and  W arrants .................................  Total  Profits  .$  272,370.32  Total  $  272,370.32