Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 27, 1945, edition 1 / Page 5
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All Previous Loan Records Shattered During 1944 $529,655.00 LOANED DURING YEAR Appraised-Valne 0! First Mortgage Improved Real Estate Security — $1,113,400.00 HERE'S THE RECORD FOR 1344 * (1) LOANS MADE 205 Loans on 1st Mig.Real Estate Totaling_$520,500.00 Share Loans.. 9,155.00 TOTAL _ $529,555.00 (2) PAID CUT TO SHAREHOLDERS For—Maturities _$113,263.00 Profits.—.$ 32,773.06 (3) NUMBER OF SHARES ISSUED During Year... 10,483 (4) NET OPERATING INCOME For Year. $67,526.97 All Accounts In This Institution Are Insured Up To $5,000.00 By An Agency Of U. S. Government NOTE NOTE Also Reserves For 47 YEARS Possible Losses WITHOUT A $120,000.00 Set Aside LOSS ★ Message To Veterans .World War No. 2 Your Fathers Helped Build This Institution And We Have Pledged To Help Rehabilitate YOU WE ARE MAKING Gl LOANS We Want To Help Yon Come In 47th ANNUAL STATEMENT 1 For Period Ending December 31, 1944 I 9 -LIABILITIES The Association Owns Cash in Bank and On Hand-_$ 52,159.14 Stock in Federal Home Loan Bank ___•... 11,900.00 Bonds—U. S. Treasury and War Bonds_-. 225,000.00 First Mortgage Loans on Improved Real Estate.... 1,305,977.35 Collateral Notes , Loans on Shares of Assn. Not Exceeding 90% of Paid in Value 3,599.00 Advances For Taxes and Insurance__ 57.15 Real Estate Sold Under Contract „__ NONE Real Estate Owned_,___ NONE Furniture and Fixtures..— 3,248.52 $1,601,941.16 - ASSETS - Instalment Shares. Serial Plan Savings_$ 190,217.75 Full Paid Investment Shares_ 819,300.00 Optional Shares (Running).. 423,669.87 Bills Payable—Fed. Home Loan Bank- NONE uMmmw* SURPLUS /KEEP** Profits Earned and To The Credit of Share- * YOUR * holders. Payable at Maturity or Dividend Periods _ 48,428.39 Loans In Process_ 325.15 Reserves For Contingencies For Possible Losses in Future-ZZ- 120,000.00 $1,601,941.16 U... , ' --- ' ■ -——— --- - . ..—— This Association Has Sold Several Millions In Bonds Since Pearl Harbor. Buy Yours Here Today and Help Bring Our Boys Back Quickly and Safely \ J H. HINTON, Pres. ATTORNEY I K. 0. BURGWIN | DIRECTORS: j L- R HUMMELL J. H. HINTON J- 0. HINTON DR. J. T. HOGGARD 124 PRINCESS STREET FREDERICK WILLETTS Sec’y-Treas. & Mgr. D. B. MOHONEY Asst. Sec’y & Treas. Members of Federal Home Loan Bank Also & Loan Insurance Corp. J. E. L. WADE, Vice Pm. ATTORNEY C. D. HOGUE DIRECTORS: J. E. L. WADE C. D. HOGUE K. 0. BURGWIN FRED K. WILLETT8
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 27, 1945, edition 1
5
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