New Britain Herald Newspaper, October 29, 1927, Page 3

NEW BRITAIN DAILY HERALD, SATURDAY, OCTOBER 29, 1927. LT || ToOur Depositors and the New Britain Public: | 4 #, Our Annual Report as of September 30, 1927 has been audited and forwarded to the Bank Commissioner of this State. It shows that during the year ending September 30, 1927, the Bumitt Mutual ‘ Savings Bank increased its deposits (exclusive of School Savings) ... $887,107.23 Increase n School Savings -« ----veeovieeiriieiiee e 19.139.2] T Total increase in deposits for the year ending September 30, 1927 ...... $906,246.44 Exclusive of School Savings accounts, the number of its depositors increased 379 New ACCOunts Opened during the year ........................................ ‘ 804 $298,995.92 was credited to depositors during the year as interest. A reserve of $9,000 was set up for interest on School Savings accounts. ‘ Investment Changes Were as Follows: , L T Real Estate Loans .........ccoovvuiueeeeo Increased ~ $402,000.00 U. S. Government Bonds ................o.c Increased 162,000.00 Public Utility Bonds ..........ooooiiiiie i, Increased 167,000.00 ' Canadian Bonds ...............oooo Increased 87,000.00 | Loans Secured by Collateral ...................................... Increased 57,000.00 v Bank Stocks Owned .........ccovioeiei Increased 68,000.00 Bank Balance and Cash .........c..coooviii Increased ~ 111,000.00 ) N o $1,054,000.00 i { | Increase in Deposits .........oo.oiiuiiii s $906,000.00 { f Increase in Surplus and Profit and Loss Accounts ........................ 124,000.00 ! Increase in Reserve Interest for School Savings ........................... 2,000.00 Decrease in Municipal Bonds Owned .................... 0 .. ... ... 7,000.00 Decrease in Real Estate Held Under Foreclosure ..........ooovvvovnn.. 1,000.00 Decrease in Value of West Main Street Property as Carried on Our Books 1,000.00 Decrease in Railroad Bonds ............. .. ... ... . . . . ... ... 13,000.00 - . . $1,054.000.00 The Market Value of its securities above amount at which they are caried on its books, are as follows: Municipal Bonds ..........coi i $ 2401.00 Public Utility Bonds ....... ... 24,000.00 Canadian Bonds ........... ... 19,625.24 Railroad Bonds .........ooo oo 48,402.47 B U. S. Government Securities ................coveioee 13,575.00 N | Bank Stocks ... ... 4(_)],607.58 Il Surplus AcCoUNt ... vt v 375,000.00 ? ‘ Profit and Loss Account ........... R 16,000.00 - i Actual Inventory Surplus ... $ 960,611.29 ] This Bank has paid 59 interest during the year to its regular depositors, 2V and Vs of 165 B extra March 31st, 1927 and 2Y4% and V4 of 19 extra September 30th, 1927, and inter- est at the rate of 429 per annum to its School Savings depositors. W. E. ATTWOOD, Vice-President and Treasurer OFFICERS DIRECTORS | J. E. Cooper, President James S. North ‘W. E. Latham l W. E. Attwood, Vice-President and Treasurer A. N. Abbe Emest W. Pelton ‘ Walter Meyer, Assistant Treasurer Joseph R. Andrews ’ 1 \