Monthly Report to the Board of Directors of The
Tryon Federal Savings & Loan Ass’n.
TRYON, N. C.
Assets
First Mortgage Loans:
Direct reduction loans - $170,926.51
Accrued interest 1,048.97
Total first mortgage loans $171,975.48
Stock in Federal Home Loan Bank 2,000.00
Cash on hand and in banks 8,305.94
Furniture, fixtures and equipment (less
depreciation) 106.42
Deferred Charges:
Prepaid bond and insurance premiums 173.95
Current operating expense (total) 1,150.92
TOTAL ASSETS $183,712.71
Liabilities
Repurchasable or Free Shares:
Total Private Shares $ 93,331.92
H. O. L. C. Investment. 53,000.00
Advances from F. H. L. B 17,500.00
Loans in Process 9,436.52
Uncollected Interest 1,048.97
General Reserves:
Federal Insurance 512.03
Contingencies 2,556.65
Bonus on Shares 24.80
Undivided Profits 2,479^5
Current Income (total) 3,822.47
TOTAL LIABILITIES $183,712.71