Newspaper Page Text
The Brantley Enterprise, Nahunta, Ga,, Thursday, January 8, 1970
CONSOLIDATED REPORT OF CONDITION OF
The Citizens Bank
of Folkston in the State of Georgia and Domestic Subsidiaries
at the close of business on December 31, 1969.
ASSETS
Cash and due from banks 1,422,253.38
U. S. Treasury securities 1,179,914.62
Obligations of States and political subdivisions 1,364,306.41
Federal funds sold and securities purchased under
agreement to resell 500,000.00
Other loans 4,888,511.47
Bank premises, furniture and fixtures, and other
assets representing bank premises 205,862.18
Real estate owned other than hank premises 30,000.00
Other assets 4,026 82
TOTAL ASSETS 9,594,874.88
LIABILITIES
Demand deposits of individuals, partnerships,
and corporations 3,128,572.33
Time and savings deposits of individuals,
partnerships, and corporations 4,428,050.67
Deposits of United States Government 99.380.33
Deposits of States and political subdivisions 777,968.24
Certified and officers’ checks, etc. 1,596.96
TOTAL DEPOSITS $8,433,568.53
(a) Total demand deposits $3,703,797.63
(b) Total time and savings deposits $4,729,770.90
Other liabilities 360,062.46
TOTAL LIABILITIES 8,793,630.99
RESERVES ON LOANS AND SECURITIES
Reserve for bad debt losses on loans < set up pursuant
to Internal Revenue Service rulings) 50,554.37
TOTAL RESERVES ON LOANS AND
SECURITIES 50,554,37
CAPITAL ACCOUNTS
Equity capital, total (sum of items 36 to 40 below) 750,689.52
Common stock-total par value 200,000.00
(No. shares authorized 20,000)
(No. shares outstanding 20,000)
Surplus 300,000.00
Undivided profits 250,689.52
TOTAL CAPITAL ACCOUNTS
(sum of items 34 and 35 above) 750,689.52
TOTAL LIABILITIES. RESERVES. AND CAPITAL
ACCOUNTS (sum of items 28, 29, 33, and 41
above) 9,594,874.88
I, C. W. Lance. Vice President & Cashier, of the above
named bank, do solemnly swear that this report of condition is
true and correct to the best of my knowledge and belief.
Correct — Attest: C. W. Lance.
J. H. Lester, Jr.
C. E. Glenn
E. B. Stapleton, Jr. Directors
State of Georgia, County of Charlton, ss:
Sworn to and subscribed before me this sth day of January,
1970, and I hereby certify that I am not an officer or director
of this bank.
Marie M. Mcllveen, Notary Public.
My Commission Expires July 28, 1973.
FARMERS
U«M loggers,
Bite^ T 00!
gpih;^
K/ Fanners are America’s largest group of woodland owners.
O They own almost a third of the nation’s commercial
forestland.
“ Alert farmers are fast becoming Tree Farmers by man-
aging and protecting their woodlands as the source of
BRUNSWICK
PULP and PAPER COMPANY
manufacturers of fine quality pulp and paperboard for
SCOTT PAPER COMPANY THE MEAD CORPORATION
BETTER LIVINS FROM TREES
a cash crop.
Be careful with fire in the woods. Protect the timber
crops.
wood
RECREATION
Georgia Power
Assigns David
To Waycross
Bennie F. David, manager
of the Georgia Power Compa
ny’s Jesup office, has been
named assistant to Rodney E.
Moore, the utility’s Waycross
district manager.
A native of Fargo, Fla., Mr.
David was graduated from
Jasper, Fla., High School. He
has completed supervisory and
management training at the
University of Georgia.
The newly promoted em
ploye joined the Florida Pow
er Corp, in 1932 and served
as groundman and line fore
man before becoming general
line foreman of Georgia Pow
er & Light Co. in 1951. Wh^n
the Georgia Power Light
Co. properties were acquired
by Georgia Power Company
in 1957. Mr. David was named
Blackshear local manager. He
was transferred to Jesup in
1964.
Mr. David has served as
vice president of the Jesup
Shrine Club, president of the
Jesup Rotary Club, vice presi
dent of the Jesun-Wayne
Countv Chamber of Commer
ce and a director of the
Slash Pine Area Planning and
Development Commission.
! He is married to the former
Lois Mountain of Inverness.
Fla. They have a daughter and
a son.
AMARYLLIS TIP
Looking for an indoor pot
plant you can start right a
way? Henry Clay, Extension
Service horticulturist at the
University of Georgia, says
you might try planting an
amaryllis. They are quite u
nique in that the stem and
flowers are produced long
before the leaves appear.
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