On March 14th, 1899, the Brevard Bank
ing Company was established by the citi
zens of Transylvania, which is now the old
est banking institution in Western North
Carolina.,
And now this same institution asks to con
tinue the good wishes of its neighbors, fel
. low - townsmen and residents of the County,
Upon the attainment of Its silver annivers
; ary marking the completion of twenty - five
Jrears of public service.
? * ? .
, Since, our forefathers' struggle for inde
pendence and the later strife of Civil War
with' the , result of a compact, firmly estab
lished Union, our nation has passed through
no more important period of life than the
quarter of a century of the existence of the
Brevard Banking Company. And the same
span of time has unquestionably meant
more to Transylvania County than all the
years of #ie past combined.
Twenty - five years ago, we were practi
cally isolated from thie world, while today
? our rail and highway facilities have brought
US into sustained contact and intercourse
and communication with our own section
rind all other sections of the country as well."
Twenty - fiye years ago, .our population
hardly exceeded six thousand souls; arid to
^ day we have more than ten thousand , pros
perils, progressive, people.
Think of thf change in our schools, in our
? ^ :-;v ? V-y v . , a, . v.. ?' V
OUR FIRST STATEMENT:
Aft the Clo$e of Business on the 7th day of
RESOURCES :
1. Loans and Discounts, Other Than De
manded Loans $18,613.53
2. Overdrafts, . . .... ....... / . 8.62
3k Banking House, Furniture and Fixtur
urea.... ... -318.56
< 4. Due from Banks and Bankers,
... ... ..... $11,01.7.93
;5j.-Cold Cpin, ' . 1,080.00
6: ^Silver Coin, including all minor
currency ... ...... ... . .. 1,310.71
7. North Carolina Bank Notes and ? -
other U. S. Money, $1,071.00
.$14,479.64
- Total, . ... $33,420.35 '
LIABILITIES:
1. Capital Stock . . ?? . ?.. . . . . $15,000.00
"2. Surplus Fund l. ? : . . , 6,750.00
3. Undivided Profits less current expenses
< .and tax?s paid ? . . ... . . 968.09
4. , Deposits subject to check, $16,777.26 ?
? i ? *
Total, . . ...... .... $33,420.35
; x OUR ORIGINAL OFFICERS AND
DIRECTORS:
D. England, President; '
. ? j. W. McMinn, Cashier.
DIRECTORS:
N. A. McMinn, ' . . . J. W. McMinn,
T. D. England, . . . N. E. McMinn,
W. A. Gash, . W. H. Allison.
j ? .
public utilities, our home conveniences ?
think, indeed, of the vast improvement of
all our conditions of living within the twenty
> five years since the organization of the Bre
vard Banking Company.
But the outstanding feature of this quar
, ter of a century period is the incalculable
, increase of our wealth. The value of all
property in Transylvania County today is
'? no doubt above twenty millions of dollars.
/ Twenty-five years ago, five millions would
probably exceed the actual figure. And
today, we are but entering the beginning of
( r pur destiny.
Our agriculture, our industries, our water
? powers, our tourist trade, our summer
. camps and educational interests, splendid
and inspiring as they are, are no 'more than
' the infant promises of the future. For an
other twenty-five years will see greater pro
gress^ than the last. And Transylvania
County is largely a personal pride. We
claim our share of credit therein. We have
labored long, faithfully and honorably for
/otur people. We have given unto all who
claimed them our best talents in private and
individual ambitions. We have thrown our
efforts into every forward movement for'the
commonwealth. , And today, as our Silver
Anniversary approaches, we beg rio higher
privilege than a place, according * to our
melritSj in tomorrow's work for the advapce
; ment of Transylvania County: y
* OUR LAST STATEMENT:
* At the Close of Business, Dec. 31st, 1821
RESOURCES: x
lioans and Discounts, . . . . $737,684.!89
Furniture and Fixtures 4,745.50
Keal Estate 13,921.58
Bond Account 17,937.74
Cash in Vault and Due from Banks ,
$112,422:64
? ' ,<n: J?** ? . *
Total, ... .'. ... $886,711.85
LIABILITIES:
/Capital Stock, $100,000.00
Surplus, ..... 33,000.00
Undivided Profits, 3,705.78
Bills Payable 125,000.00
Re-Discounts: d ...19,500.00
Dividends Unpaid ... 11.00
Reserve for Depreciation 932.65
^Deposits . .V. . . ?. . . ... . . .^.604,562.42
Total . $886,711.85
v .OUR PRESENT OFFICERS
Thos. H. Shipman, President; .
Jos. S. Silversteen, Vice-President;
R. B. Lyon, Cashier;
Annie L. Shipman, Assistant Cashier.
DIRECTORS:
Jos. S. Silversteen, ... . . W. S. Ashworth,
R. W. Everett C. C. Yongue,
C. E. Orr . . W. M. Henry,
Thos. H. Shipman,
. WE SHALL SOON BREAK GROUND FOR K NEW BANKING HOME. . We SHALL HAVE
A NEW HOME THAT REPRESENTS THE ESSENTIAL STRENGTH OF OUR INSTITUTION.
WE SHALL BUILD A HOME THAT WILL BE .A CREDIT TO TRANSYLVANIA COUNTY.
AND UPON ITS COMPLETION ABOUT JANUARY 1st, NEXT, WE SHALL INVITE OUR
, FRIENDS TO AN OLD ? TIME HOUSE - WARMING AND. A CELEBRATION OF COUNTY-WlDE
5C0PR i-\Ui ? 1 {? ? ViTvaift'fif ItfttlWI
BREVARD BANKING COMPANY
. . BREVARD, NORTH CAROLINA