New Britain Herald Newspaper, January 20, 1927, Page 3

NEW BRITAIN DAILY HERALD, THURSDAY, JANUARY 20, 1927. SAFETY FIRST ANNUAL MEETING of SAVINGS BANK of NEW BRITAIN INCREASE IN RESOURCES - - - $l,890,Q97.79 ALL who are seeking a strong bank in which to deposit savings, and all depositors of this hank, are urged to study carefully the report of the condition of this ¥ bank, made at the annual meeting of its incorporators, January 19, 1927. Established 1862 STATEMENT — JANUARY 1, 1927 . . i STATEMENT OF EARNINGS ASSETS Loans on Real Estate $10,578,684.00 Loans on Stocks and Bonds ...........ooeeeen.n. 918,152.83 b oy ; , s 4 SR Loans to Cities and Towns ..................... 30,000.00 . i Lo Less Expenses ...c.ooooeeeiann. 54,952.29 United States Bonds and Securities .............. 1,779,318.59 Foreign Governmient Bonds & .....ccovovsirvonane 1,928,509.10 State Bonds . 26,000.00 City and Town Bonds 1,787,750.00 g N oL T arTinae fon ey Railroad Bonds 11145,670.00 ; Sl ) Railroad Equipment Certificates 734,922.28 1S e il ) Public Utility Bonds 413,713.75 3 Dividends to Depositors Bank Stocks 244,787.00 g July 1. 1926 — 24 191.3%3.66 Real Estate, Banking House 104,460.00 : | ) "(1 e kel f'bb e Deposits in Banks and Trust Companies and Cash 602,345.36 : e N Jan. 1, 1027 — 214,% 434,687.20 856,070.86 Suspense Account 6.79 e Gross Earnings for the year $1,065,982.34 [hesS X es s . $38,663.81 Less Additional Reserve for Un- earned Interest ............. 15,000.00 108,616.10 e S 101,205.38 $20,294,319.70 LIABILITIES g i ) . J SURPLUS Depositsa i L s . S1R078 58100 i 4 Surplus Fund ..........ooooon.. ... .81,000,000.00 Interest Account 100,000.00 i Profit and Loss Account 215,746.70 81,215,746.70 Surplus Fund 1,000,000.00 oy - Profit and Loss Account 215,746.70 : ] || Market Value of Securities in excess of hook value 654,837.43 — e . $20,294,319.70 o : Total BUEplUE ivvivseyivnmivinsinrnonssns SLETRSRETS THE BANK OF AND FOR THE DEPOSITORS PAID IN DIVIDENDS TO DEPOSITORS SINCE ORGANIZATION - - - $11.437,176.58 I — = —_— [ MARKET VALUE OF SECURITIES CHANGES SHOWN FOR THE YEAR SIXTEEN NEW INCORPORATORS LU R L Increase in Accounts — 371 United States Securities 368,683.47 Increase in Deposits $1,786.274.06 Arthur G. Kimball Rodman W. Chamberlain . Increase in Real Estate Loans .................. 979,120.00 Howard S. H e 1l paa ) oward S. Humphrey William H. Hart, Jr. Foreign Government Bonds . .. 59,023.40 e T e T 59.043.88 pore] State Bonds -+ 950000 Increase in Foreign Government Bonds ......... 21,340, Benjumin W. Alling Edward F. Hall City and Town Bonds .. 81,557.00 Increase in Municipal Bonds ................... 38,138, Gardner C. Weld Railroad Bonds .. 224,657.50 Increase in Railroad Equipment Certificate < 5 ree TR o s Railroad Equipment Certificates 16,506.81 Increase in Public Utility Bonds ......... o 3 ; George T. Kimball Thomas Linder i e R Lt Decrease in United States Government Securities 1 Stanlev R, Bddy Al aiin Public Utilities Bonds s 123125 Decrease in Railroad Bonds 33,702.95 i Halies s Bank Stocks 196,678.00 Decrease in Loans to Cities and Towns ......... 10,000.00 Joseph E. Stone Richard E. Pritchard —_— Increase in Surplus, after reserve and charge-off . . ; o ; ‘ 365483743 of pl‘emium}; ($29,238.11) A Stanley J. Traceski Frederick G. Hausmann L—-—-———-—.—-—.—.——.—_—_—J e (e Boleslaus J. Monkiewicz ———— | ——————— DIRECTORS C. B. Oldershaw C. F. Smith C. J. Parker P. F. McDonough : IS H it 1 E. N. Stanley J. A. Anderson (. B. Parsons D. Russell . W. Christ G. W. Traut E. A. Moore J. B. Minor Noah Lucas Maurice Stanley OFFICERS E. N. STANLEY, President NOAH LUCAS, Treasurer C. F. SMITH, Vice-President C. B. OLDERSHAW, Asst. Treasurer and Secretary Deposits made on or before FEBRUARRY 3rd will draw interest from FEBRUARY It INTEREST at the rate of 5% being paid BANKING HOURS Monday Evenings—7 to 8:30 9A M tod P. M