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THE JUDSON
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During 1843 ,
The Carolina
? Made Loan To-
frllny ...,
t Paid to SliJti
; holden In Drr-
8UaBffJ8
Fronts
Total, Assets In-
4211IT.6X
Total Share In- -
y..,..
D. B. T rh
Association
Turn Ihepicture info reality . .V.ahd own a h3 v
that will bring you happiness and comfort to you L
and your family. The Carolina Duilding & Loan
Association stands ready nov to bring you the
home you vanl. . . .
Statement
The FOUR Million Dollar
Carolina Building Ci Loan
For Period Ending December 31st, 1946
ASSETS
The Association Owns: 1946
Cash in Banks And On Hand $ 235,298.16
Stock - Federal Home Loan Bank 18,000.00
Bonds U. S. Treasury And War Bonds 1,994,844.00
Interest Receivable On Investments 7,525.19
First Mortgages ..; 2,092,827.87
: Loans on improver real eatato.
Collateral Notes .....:.......::...;.. 11,441.00
Loans on shares of the Association, not exceeding
90 percent of amount paid In.
Advances ; ......;....: 30.92
For taxes and Insurance In protection of borrower
and recoverable terms of mortgagee.
Furniture And Fixtures ."Net 1tO
Other Assets 162.07
Accrued intension loan.
TOTAL $4,360,130.21
An Asset We Inatade The Goad WW of the Pnblk
1945
$ 196,739.98
18,000.00
2,194,84400
8,816.76
1,506,275.28
8,850.05
93.10
1.00
342.42
$3,933,962.59
LIABILITIES
NONE
258.17
29,969.22
75.42
The Association Holds in Trust for: 1946
Its Shareholders ..! $4,016,785.48
J ' w Under the financial plan of the Association,
Interest and principal repayments mature
and are collected weekly or monthly. Inde
pendent, therefore, of growth and surplus,
the Association always has a steady Income
to meet the demands of withdrawals many
,vs times over.
Bills Payable and Advances Federal
f Home Loan Bank
: Amounta due banka and others with definite
:'"&.'; due dates.
Accounts Payable ..
Loans In Process
Other Liabilities
; "r Interest paid In advance. :
r ,047,0889
91,161.45
ProflU earned ajod to the credU of the ahare
' holders payable at maturity of eries or dlv
v . ldend period.
Reserve: For Contingencies '. 221,880.47
TOTAL ..- $460,130.21
THIS IS TO CKBTQT THAT:
I have examined the books and records of the CAROLINA BUILDING AND
LOAN ASSOCIATION of Wilmington, North Carolina and prepared therefrom the
within Balance Sheet a of December 31, 1M6. Proper verification was made of all
; Assets and Liabilities as shown by the books and records with the exception of exam
. lnlng the collateral supporting the first mortgage loans, said collateral having been ex
amined by the auditors of the State Insurance Department during the year ended Deo-
In my opinion, based upon such examination, the within Balance Sheet correctly
presents the financial condition of the Association as of December 81, 194&
v , . , W. C. NICHOLS,
r- ' January 18, 1844 ' ' C P.' A. (N. C.)
1945
$3,636,867.35
NONE
230.34
13,844.55
268.09
$3,651,210.33
$ 80,871.79
201,880.47
$3,933,962.59
It3 F0UH Millioti Dollar
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Eoger Moore, Pres. - M. C. James, Vice Pres. - W. A. Fonvlelle, See. St Treasi - W. D. Jones, Ass't Sec. & Treas. - J. O. Carr, Atty.
dk:ectc3
II. Jjffe .
1
D. B. Cameron, Jr.
J. C Stern&erger v .
J. O. Crrr
v, -1t'
1
Our Direct
Reduction
Loan '
Is The Ideal Plan
For Home - Financing
ECONOMICAL
PRACTICAL
I CONVENIENT
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? t ;"W.D.Jones 1
k vt " Fred E. Little
, ' Ll-yJ V. JTre
y