New Britain Herald Newspaper, November 13, 1926, Page 14

e R O A A S S S NEW BRITATN DAILY HERALD, SATURDAY, NOVEMBER 18, 1926. To Our Annual Report as of September 30, 1926, has been audited and forwarded to the ‘Bank Commissioner of this state. It shows that during the year ending September 30, 1926, the Bumitt Mutual Savings Bank increased its deposits (exclusive of school savings) $719,241 99 Increase in School Savings $23,139 48 Total increase in deposits for the year ending September 30, 1926 $742,381.47 Exclusive of School Savings accounts, the number of its depositors increased 643 ' New accounts opened during the year $257,693.25 was credited to Depositors during the year as interest. N\ A reserve of $6,500.00 was set up for interest on School Savings. “ Investment Changes as Follows: Real Estate Loans S .. Increased $483,000.00 U. S. Government Bonds Increased 254,000.00 | Public Wality. Bonds® o et o e . Increased 108,000.00 * Municipal Bonds Increased 60,000.00 Loans Secured by Collateral Increased 41,000.00 Canada Bonds Increased 33,000.00 Railroad Bonds Increased 21,000.00 ot e e Ve S S ST A R Increase in Deposits : Increase in Surplus, Profit and Loss Accounts Increase in Reserve Interest for School Savings Decrease in Cash Decrease in Real Estate, West Main Stree Decrease in Bank Stocks : Miscellaneous Decreases The Market Value of its securities above amount at which they were carred on its books, are as follows: Municipal Bonds $ 1,075.20 Public Utlity Bonds . Canada Bonds Railroad Bonds U. S. Government Bonds Bank Stocks 289,863.84 S o emial i e i s e e e e - 250,000.00 Profit and Loss Account 25,000.00 Actual Inventory Surplus ..ueivviniiniiiiiiinine . A e R S . $ 677,705.84 The Bumitt paid 5% interest during the year to its regular depositors, 24 and V4 of 19 exira, March 31st, 1926 and 249 and V4 of 19 extra September 30th, 1926, and interest at the rate of 41/29% per annum to its School Savings depositors. ' W. E. ATTWOOD, Vice-President and Treasurer \Brritt Mutual Savings Bank / OFFICERS DIRECTORS J. E. Cooper, President James S. North W. E. Latham W. E. Attwood, Vice-President and Treasurer A. N. Abbe Ermest W. Pelton F. G. Vibberts, Secretary W. H. Booth * Reuben C. Twichell Walter Meyer, Assistant Treasurer Joseph R. Andrews