V. n TT THE JUDSON tfn MftMl l Till MTI 1K6 Achi:vc.7.:nfs 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 nnn L-i lj, Li Lj J l r 1 ' O . j:u- -lawalisiafr .i 1 TrT1, 10. tMtL t 31" eaasaar-Tiaas aTjjftWW'-WW' 1 lutecium, . a-j.u. . .... v w. j. UV. 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 mm- 0-k y-i it ? t ;"W.D.Jones 1 k vt " Fred E. Little , ' Ll-yJ V. JTre y