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Annual Report of the Superintendent of Banks of the State of A labam a FOR THE FISCAL YEAR ENDING 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 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 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 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. 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. 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. 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. 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 $6,000 from the bonding company on the bond of Mr. Bowen. A dividend of 60% has been paid to depositors and creditors. A final dividend will be paid, the amount of the dividend depending upon the value of the remaining assets, most of which are probably worthless. STATE SUPERINTENDENT OF BANKS 9 BAN K OF FLO M ATO N , FLO M ATO N , ALAStatement at Time of Failure, August 27, 1924 RESO U RC ES Loans and Discounts_______ !$ 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 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. 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. 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. 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 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. 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. 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 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. 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. 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. 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. 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%. 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. 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 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 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 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 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.” 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.” 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. 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 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_ ___ $34,778.95 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) 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 __________ _____________ $ 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 $ 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______ 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 .. $ 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 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 ------------------------------------ $ 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 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 ... ...$ 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 ____$ 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 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 _ 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 $ 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 ______________________ $ 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 $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 _____________ 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 . 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 $ 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 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 ________________________$ 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 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 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................... 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 *. 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 .$ 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 ________________________ $ 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........... 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 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 __________ ______ 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 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 $ 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 $ 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 $ 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 .......................... — . 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 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 $ 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 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 ________________________ $ 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 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 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 ......... ? 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 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 ------ $ 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 ______________________ $ 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 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 ________________________ $ 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 .$ 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........ . 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 .$ 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 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 _________ ____ _____ $ 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 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 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 _ .$ 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 .$ 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, $238.80 ________ 3,375.27 Undivided penses and Taxes U. S. Bonds, Certificates of Indebtedness and W. Other Bonds, Stocks Reserve for S. Stamps ____________________ 32,834.00 7,500.00 Furniture and Fixtures---------- 3,399.00 Other Real Estate____________ 5,000.00 Cash _________________________ 47,615.75 Due from Banks______________ 355,736.92 Checks and Cash Item s_____ 1,301.84 Cash Items in Transit----------- 360.00 100,000.00 E x paid___ 31,364.23 Taxes and In terest 2,700.00 312,972.28 39,150.00 Time Deposits .............. Banking House --------------------- T o ta l — less Individual Deposits ______ and W arrants --- ----- Profits ....$ 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 $ 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.. 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 ________________________ $ 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 .$ 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 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 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 .$ 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 $ 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 .$ 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 .... .$ 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 ________________ _______ $ 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 ____ ___ $ 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 ________________________ $ 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 ________________________ $ 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 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 __________________ $ 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 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 .$ 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 ----- ---- 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 ...$ 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 ________________ _____ $ 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 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 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 .$ 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 ...... ....... ...... ............... .........$ 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 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 ________________________ $ 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 ________________________$ 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______ 193.48 117,356.00 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 ________________________ $ 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 $ 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 ________________________ $ 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 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 ________________________ $ 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 ________________________ $ 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 -$ 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 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 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 ________________________ $ 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 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 .$ 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 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 .$ 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 .......... ...........-—..... - 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 _ __$ 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 ___ $ 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 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 .$ 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 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 $ 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 $ 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 _____________ 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______ 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 ________________________ $ 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 .$ 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 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 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 $ 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 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 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___ 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 ___$ 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 $ 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 .$ 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 .$ 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 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 $ 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 .$ 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 — $ 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 $ 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 __ ...$ 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 less 844.00 Demand Deposits _ and W arrants ................................. Total Profits .$ 272,370.32 Total $ 272,370.32
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