Newspaper Page Text
Cumming Georgia.
Department of Banking State of Georgia
REPORT OF CONDITION OF
BANK OF CUMMING
CUMMING, GEORGIA
AT THE CLOSE OF BUSINESS ON DECEMBER 31, 1954.
As Called for by the Superintendent of Banks
ROY P. OTWELL, President PAUL H. WORLEY, Cashier.
Date of Charter, October 11, 1904 Date Began Business. October 19, 1904
ASSETS
Cash, balances with other banks, including reserve balances,
and cash items in process of collection $ 512,121.38
United States Government obligations, direct & guaranteed 368,148.43
Obligations of States and political subdivisions 46,387.98
Ixtans and discounts (including $44.70 overdrafts) 1,169,547.34
Bank premises owned $4,030.00, furniture & fixtures $10,092.02 14,122.02
Other assets 10,692.15
TOTAL ASSETS $2,121,019.30
LIABILITIES
Demand deposits of individuals, partnerships & corporations 1,377,132.58
Time deposits of individuals, partnerships, and corporations 386,604.38
Deposits of United States Government! incl. postal savings) 4,323.61
Deposits of States and political subdivisions 136,846.67
Other deposits (certified and officers’ checks, etc) 14,605.14
TOTAL DEPOSITS $1,919,512.38
TOTAL LIABILITIES (not Including subordinated
obligations shown below) ' $1,919,512.38
CAPITAL ACCOUNTS
Capital* 5 50,000.00
Surplus 100,000.00
Undivided profits 51,506.92
TOTAL CAPITAL ACCOUNTS 201,506.92
TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2,121,019.30
•This bank’s capital consists of:
Common stock with total par value of $50,000100
I, Paul H. Worley, Cashier, of the above named bank, do solemnly (Swear)
(Affirm) that the above statement Is true, and that It fully and correctly
represents the true state of the several matters herein contained and set
forth, to the best of my knowledge and belief.
CORRECT—ATTEST— PAUL H. WORLEY, Cashier.
ROY P. OTWELL, B. L. REDD, Directors (SEAL)
GEORGIA—FORSYTH COUNTY:
Sworn to and subscribed before me this 3, day of January, 1955, and
I hereby certify that I am not an officer or director of this bank.
(SEAL) J. V. MERRITT, C. S. C.
My commission expires 12—31-56
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
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The Forsyth County News
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THE HOUSE SERVICE BUILT
Phones 2311 - 2312 ::: Cumming, Ga.
Thursday, January 6, 1955.