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*5$8 "'ft
1. Its Responsibility To The Community
During 1956 we endeavored to discharge our responsibility to
the community in which we operate, live and are a part, by ex
tending 2816 loons to various individuals and business concerns
in Watauga County. These loans vary in size from $10 to $150,
000. This money was made available to the people of this county
at a cost to them far below any other available credit. We col
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lected for the citizens of this county $25,769,209.89 in out of town
checks. This service did not cost the citizens of this county a cent
and is a service without which the business of this county could
not operate. We provided for the people of this county any bank
ing or financial service that could have been obtained in New
York, Chicago or San Franscisco.
2. Its Responsibility To Its Depositors
We have endeavored to discharge our responsibility to our de
I
positors by affording a safe place for their money and by keep
ing their deposits insured with a cash insurance on each account
up to $10,000. In addition to this insurance we have capital, sur
plus and reserves of over $5,000,000. This five million dollars
, %
makes every dollar deposited in this bank safer and is an added
insurance on which our depositors can depend for the safety of
their money.