The Peoples Bank
Murfreesboro, N. C.
7
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STATEMENT OF
* ^??
THE PEOPLES BANK
MURFREESBORO, N. C.
AT THE CLOSE OF BUSINESS JUNE 30TH, 1923.
Resources:
LOANS AND DISCOUNTS --$328,976.28
This is the amount of notes held, securing
loans made to our customers to assist them
' , # in their business.
OVERDRAFTS * ? 528.16
Not desired but sometimes unavoidable.
ALL OTHER STOCKS, BONDS, ETC 6,162.50
Represents other securities held.
BANKING HOUSE AND OTHER REAL ESTATE 6,800.00
The Bank building including store and lot
in rear.
FURNITURE AND FIXTURES 2,600.00
Furniture and equipment inside Bank.
CASH IN VAULT AND DUE FROM BANKS 23,202.85
Reserve held in vault and on deposit with
other banks to meet checks.
CHECKS FOR CLEARING $339.78
REVENUE STAMPS 100.00 439.78
These two items explain themselves
TOTAL ? $368,743.57
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Liabilities: -
CAPITAL STOCK $ 2S.000.00
Amount paid in by Stockholders.
SURPLUS 12,500.00
Amount set aside out of earnings as addi
tional working Capital.
UNDIVIDED PROFITS ! 8,875.10
Amount of earnings over expenses to
credit of the Stock not yet paid out in divi
dends or set aside to surplus.
ACCRUED INTEREST SET ASIDE FOR
DEPOSITORS 2,049.51
This is interest due depositors set aside'
but of earnings to be credited July 1st.
CASHIER'S CHECKS OUTSTANDING 413.02
Cashier's checks issued not yet returned
to the bank for payment.
BILLS PAYABLE 1 10,000.00
For money borrowed by this bank which ,
sometimes, becomes necessary at this sea
son of the year to assist our farmer custo
mers.
DEPOSITS 309,905.94
Money which the people of this community
have faith enough to place here for safe
keeping. ________
TOTAL --$368,743.57
CONTINUED AND HEALTHY GROWTH AS SHOWN BY COMPARISON IN
DEPOSITS
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JUNE 30th, 1921 $218316.43
JUNE 30th, 1922 - - - $271,667.82
JUNE 30th, 1923 - - - $309,905.94
To every item in the above statement we invite your attention, with the assurance
that the same liberal, yet conservative and painstaking policy, which has enabled us
to be prepared to make such a statement, will be continued, AND, with the further
assurance that we are now as we have always been for the past NINETEEN YEARS
READY, WILLING and ABLE to provide you every reasonable banking accommo
dation/ W ,
=^== i :
D. G BARNES, Pres. U. VAUGHAN, Vice-Pres. W. A. McGLOHON, Cashier
ROBERT J. BRITTON, Asst. Cashier W. GARY PARKER, Asst Cashier