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REPORT OF THE CONDITION OF THEISABELLA COUNTY STATE BANKat Mt. Pleasant, Michigan, at the close of business June 30, 1926 as called for by the Commissioner of the Banking Department.RESOURCES Loans and Discounts, viz: Commercial SavingsSecured by collateral ..................$ 53,792.23Unsecured' ................/.______________________ 416,342.00Items in transit________________________________ 267.75Totals ------------------------ $470,401.98 $470,401.98Bonds, Mortgages and Securities *Real estate mortgages .--------$ 47,952.00 500,061.79Municipal bonds in office ...... 108,340.00U. S. Bonds and Certificates of indebtedness in office ............ 96,600.00Other bonds ........................................28,000.00 338,000.00Totals .......................i_______?..$75,952.00 1,043,001.79 %118,953.79Reserves viz:Due from Federal Reserve Bank...„$ 51,596.01 35,125.13* Due from Banks in Reserve Cities 67,757.69 18,409.72Exchange for clearing house .... 1,123.15 12.77Total cash on hand ____________________ 32,569*25 5,826.69Totals............................ $153,047.10 $59,374.31 212,421.41Combined Accounts,viz:Overdrafts ......................’.......... $ * 3,364.64Banking House _____________ ._____________________ 20,000.00Furniture and Fixtures —..................................—.------------ 6,000.00Other real estate --------- ...---------- —................... 18,903.63Due from Banks and Bankers other than in ReserveCities ................................ 29,000.00Customer’s bonds deposited with bank for safekeeping 128,785.00Stock .of Federal Reserve Bank ------..------------—------------- 2,650.00Total ________________________________________________________________________ 2,010,480.45LIABILITIESCapital Stock paid in ......---------i’.....--------...—i------ —..—....$ 60,000.00Surplus fund .... ,-------------------...— --------------------L— 30,000.00Undivided profits, net ------------------------------------------------— 1,713.35Reserved for Taxes, Interest, Depreciation, etc.. 5,000.00Commercial Deposits, viz:Commercial Deposits Subject to Check ....—....$595,785,35. Demand Certificates of Deposit 30,058.68Certified Checks .....----------------------------------------------*.. 907.70Cashier’s Checks .....---------.......-------.....-----------------104.80Due to Other Banks and Bankers------------------------ 24,895.78State Moneys on Deposit.—«—.— ------.............. 25,000.00Totals ‘ .......... __________........____________________.$676,752.31 676,752.31Savings Deposits, viz:Book Accounts—Subject to Savings By-Laws.$622,267.55 Certificates of Deposit—Subject to Savings By-Laws _____475,073.25Club Savings Deposits .(Xmas, Thrift, etc.).... 5,035.30Totals .......___________ .............________.....$1,102,376.10 1,102,376.10Customer’s Bonds Deposited with Bank for Safekeeping ' 128,785.00Other Liabilities .—....— ---------------------—.— -----------—. 5,853.69Total .................._________........................_____...v-------------...$ 2,010,480.45STATE OF MICHIGAN, County of Isabella, ss.I, John W. Benford, cashier, of the above named bank, do solemnly swear, that the above statement is true to the best of my knowledge and belief and correctly represents the true state of the several matters therein contained, as shown by the books of the bank.JOHN W. BENFORD, Cashier,Subscribed and sworn to before me this 10th day of July, 1926,J. ELMER GRAHAM, Notary Public My Commission expires December 21, 1928.Correct Attest:EVAN S. WEIDMAN PETER F, BREIDENSTEIN FRANK G. THIERSDirectors.
Newspaper Details
Mount Pleasant Isabella County Enterprise
Mount Pleasant, Michigan, US
Fri, Jul 16, 1926
Page 6
Full Page
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Anonymous
USA 06 Jun 2025
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