Funding for the digitization of this title was provided by the City of Covington, with additional funding from the Institute for Museum and Library Services through Georgia Public Library Service, a unit of the Board of Regents of the University System of Georgia and generous donations from Dr. Thomas Crews and Dr. R. Steven Whatley.
Newspaper Page Text
THE COVINGTON NEWS
Statement Of The Condition Of
: FIRST NATIONAL BANK
Of Covington,
On the Eve of Payment of the Third Semi=Annual Dividend of Four Per Cent, as Shown by Books in
This Bank at the Close of Business January 15th 1910.
ASSETS
Furniture and Fixtures, - - $ 4 918 24
Bills Receivable, - 100 443 16
Overdrafts, 2 305 59
Cash on Hand and Due From Banks 32 209 32
5 Per cent. Redemption Bonds, 2 000 00
U. S. Bonds, - 40 000 00
Premium on Bonds, - - 1 121 25
TOTAL, $182 997 56
We are extremely proud of our record at two years old, which is as follows:
We have paid back to our Stockholders in Dividends, 12 per cent, and still retain a surplus and un=
divided profit account of 8 1=2 per cent.
This proves that our Officers and Directors are without peers in the Banking Circles of thiscommu=
nity, and we wish to thank every patron of this bank for the business and cooperation that they have
given us the past two years, for without their aid and co-operation the above statement would not
have been possible.
N. Z. ANDERSON, L. O. BENTON, C. C. ROBINSON, It. E. STEPHENSON,
President, Vice President, Vice President, Cashier.
Directors
E O. Lee, Merchant A J Belcher, Farmer
C C Robinson, Merchant C R Rogers, Farmer
C C Brooks, Druggist R E Stephenson, Cashier
N Z Anderson, Physician J R Stephenson, Hardware
W B R Pennington, Farmer E W Fowler, Merchant
L O Benton, Banker E L. King, Farmer
We Are Still Growing Come And Grow With Us.
LIABILITIES
Capital Stock, - $ 40 000 00
Deposits, - 97 946 39
Bills Payable NONE
Surplus and Profits - ■ 3 451 17
Dividends Unpaid, - 1 600 00
Circulation 40 000 / 00
%
TOTAL - $ 182 997 56
