REPORT
OF
BUILDING AND LOAN ASSOCIATIONS
FOR THE YEAR 1920
STAGEY W. WADE
INSURANCE COMMISSIONER
of rtjc
©mbersitp of iOlortf) Carolina
W^ii hook toafiJ ptmntth
Co 334.1^^7:
00040624609
This book must not be
taken from the Library
building.
REPORT
OF
BUILDING AND LOAN ASSOCIATIONS
DOING BUSINESS IN
NORTH CAROLINA
FILED WITH THE
INSURANCE COMMISSIONER
FOR THE YEAR
1920
RALEIGH
Mitchell Printing Company
State Printers
1921
o
if
INSURANCE COMMISSIONER'S REPORT
ON
BUILDING AND LOAN ASSOCIATIONS
State of I^orth Carolina,
Insurance Department,
Ealeigh, April 1, 1921.
To His Excellency, Cameron Morrison,
Governor of North Carolina.
Sir: — As provided in section 6273, Consolidated Statutes of I^orth
Carolina, the following report is submitted showing the condition on
December 31, 1920, of building and loan associations operating in the
State under the supervision of the Insurance Department.
LAW AND supervision
Chapter 93 of the Consolidated Statutes, sections 5169 to 5241, inclu-
sive, contains the law applicable to the organization and conduct of these
associations, and provides for the protection of domestic associations
against foreign corporations operating under this name, but lacking in
many of the principles of mutuality which characterized the local
association.
Their phenomenal growth in this State since the elimination of foreign
associations, the enactment of laws providing for supervision, and the
standardization of methods should be a matter of pride to every person
interested in the development of our State and the improvement of
its citizenship. Home ownership promotes a stability in the citizenship
of any community which amply justifies every encouragement that can
be given them, and the application of their principles has effectively
solved the housing problem in many sections of the State. Their invest-
ment stock has furnished an attractive opportunity to save, stimulating
the habit of thrift so strongly emphasized during the war, and it is
becoming apparent that these associations are to occupy a very important
position in the solution of future financial and housing problems of the
average citizen.
In spite of the philanthropic nature of these institutions, their con-
^fV tribution to the general advancement of the surrounding community,
^ some of our people fail to look upon them as entirely cooperative enter-
^ prises, but as corporations which should be taxed "all the traffic will
iv Building and Loan Associations
bear." When it is considered that over $80,000 tax is collected from
them for the past fiscal year, not a cent of which is used for supervision,
it must be apparent to any one that the danger of over-taxation is real,
and, without some remedial legislation, it is probable that their useful-
ness to the State in dollars and cents through the creation of taxable
property will be lessened by a far greater amount than the tax collected
from them. Many states, recognizing their value in the creation of tax-
able property, exempt them from taxation altogether, and our legislature
should let nothing stand in the way of taking similar action.
Through lack of funds available for that purpose the Department is
greatly handicapped in the matter of supervision, the license fees being
only sufficient to employ one man, whose time is practically taken up in
checking up the delinquents. A systematic and periodic examination of
every association in the State should be made, and while the audits of a
public accountant are of unquestionable value to the association, they are
made by accountants differing among themselves, and often with the
Department as to the objects in view, and, therefore, unproductive of the
best results. Some provision must soon be made, either for coordinating
the work of public auditors, or for regular departmental examination of
all associations. It is highly important that all new associations should
begin business with a full knowledge of proper methods and books, that
they be forewarned of practices which would result in ultimate failure.
The need for this information comes at a time when they are not able to
employ certified accountants. It is here that the Department, properly
equipped, could, through work of an educational nature, do much to
insure the permanency of newly incorporated associations.
uniformity
The serial plan, as originally adopted in this -State, is continually
being modified by various associations, and as their plans are enlarged
or extended the need for uniformity is also increased. Effective super-
vision and comprehensive statistics depend to a great extent upon stan-
dardization of forms, books and methods.
The associations of the State, through their State league, have mani-
fested a spirit of cooperation toward this end, which is encouraging to
the Department, and points to an early solution of many of the difficulties
in connection with filing reports, prepaid stock, etc.
GROWTH
In only three other states has the increase in number of building and
loan associations equaled our State during the last ten years, while the
increase in percentage of assets far exceeds the national average. At
Building and Loan Associations
V
the end of 1920 assets amounted to $29,368;il5, as against $23,452,771 in
1919, an increase of more than 25 per cent, while the number of share-
holders have increased to 831,404, 35 per cent over 1919, notwithstand-
ing the proportion of withdrawals in 1920 was larger than in 1919.
It is probable that in the near future many of our associations will
incorporate the Dayton, Ohio, or running stock feature, which may be
expected to further stimulate growth and expansion.
The following associations were dissolved or merged with other associa-
tions during the year :
Piedmont Building and Loan, Gastonia, N. C, merged with Home Building
and Loan, Gastonia, N. C.
Wadesboro Building and Loan, Wadesboro, N. C, merged with Anson Build-
ing and Loan, Wadesboro, N. C.
Workingman's Building and Loan, Wilmington, N. C. (Dissolved.)
Associations examined during the year ending April 1, 1921, by the
Department or by public accountants:
Shelby Building and Loan Association, Shelby, N. C.
N. C. Home Building and Loan Association, Wilmington, N. C.
Progressive Building and Loan Association, Wilmington, N. C.
Hanover Building and Loan Association, Wilmington, N. C.
Peoples Building and Loan Association, Wilmington, N, C.
Gastonia Mutual Building and Loan Association, Gastonia, N. C.
Atlantic Building and Loan Association, Wilson, N. C.
Peoples Building and Loan Association, Robersonville, N. C,
High Point Perpetual Building and Loan Association, High Point, N. C.
City and Suburban Building and Loan Association, Wilmington, N. C.
Cabarrus County Building and Loan Association, Concord, N. C.
Home Building and Loan Association, Wilmington, N. C.
Edgecombe Homstead and Loan Association, Tarboro, N. C.
Citizens Building and Loan Association, Wilmington, N. C.
Farmville Building and Loan Association, Farmville, N. C.
Home Building and Loan Association, Salisbury, N. C.
Home Building and Loan Association, Statesville, N. C.
Southport Building and Loan Association, Southport, N. C.
Wilson Home and Loan Association, Wilson, N. C.
Home Building and Loan Association, New Bern, N. C.
Mechanics Home Building and Loan Association, Wilmington, N. C.
Clayton Building and Loan Association, Clayton, N. C.
Oxford Building and Loan Association, Oxford, N. C.
Eureka Building and Loan Association, Kinston, N. C.
Graham Home Building and Loan Association, Graham, N. C.
Robeson Building and Loan Association, Lumberton, N. C.
Mebane Home Builders Association, Mebane, N. C.
Orton Building and Loan Association, Wilmington, N. C.
VI
Building and Loan Associations
Carolina Building and Loan Association, Wilmington, N. C.
Mecklenburg Building and Loan Association, Charlotte, N. C.
Duplin Rural Building and Loan Association, Wallace, N. C.
Rowan County Building and Loan Association, China Grove, N. C.
First Building and Loan Association, Statesville, N. C.
Peoples Mutual Building and Loan Association, Mount Gilead, N. C.
Mutual Building and Loan Association, Burlington, N. C.
Citizens Building and Loan Association, Winston-Salem, N. C.
Raeford Building and Loan Association, Raeford, N. C.
New Home Building and Loan Association, Rocky Mount, N. C.
Mutual Building and Loan Association, Charlotte, N. C.
Rural Building and Loan Association, Wilmington, N. C.
Winston-Salem Building and Loan Association, Winston-Salem, N. C.
Brevard Building and Loan Association, Brevard, N. C.
Piedmont Building and Loan Association, Gastonia, N. C.
Gate City Building and Loan Association, Greensboro, N. C.
Associations failing to report, or reporting too late to be included in-
statistical tables :
Beaufort Building and Loan, Beaufort, N. C.
Brevard Building and Loan, Brevard, N. C.
Alamance Home Building and Loan, Burlington, N. C.
Citizens Building and Loan, Carthage, N, C.
Albemarle Building and Loan, Edenton, N. C.
Elkin-Jonesville Building and Loan, Elkin, N. C.
Citizens Building and Loan, Goldsboro, N. C.
Home Building and Loan, Goldsboro, N. C.
Mutual Building and Loan, High Point, N. C.
Kernersville Building and Loan, Kernersville, N. C.
Boulevard Building and Loan, Leaksville, N, C.
Home Building and Loan, Marion, N. C.
Perpetual Building and Loan, Monroe, N. C.
Mount Olive Building and Loan, Mount Olive, N. C.
Mutual Building and Loan, Nashville, N. C.
Capital Building and Loan, Raleigh, N. C.
Citizens Building and Loan, Raleigh, N. C.
Mutual Building and Loan, Raleigh, N. C.
Randleman Building and Loan, Randleman, N. C.
Progressive Building and Loan, Reidsville, N. C.
Citizens Building and Loan, Salisbury, N. C.
Perpetual Building and Loan, Salisbury, N. C.
Salisbury-Spencer Building and Loan, Salisbury, N. C.
Selma Fidelity Building and Loan, Selma, N. C.
Stony Point Building and Loan, Stony Point, N. C.
Anson Building and Loan, Wadesboro, N. C.
Peoples Building and Loan, Winston-Salem, N. C.
Zebulon Building and Loan, Zebulon, N. C.
Building and Loan Associations
vii
CONCLUSION
The tables. following show the condition of all associations in a com-
parative manner as of December 31, 1920. The showing made is a
tribute to the zeal of the secretaries, whose unselfish service has made
possible the management of this great movement in the State at an
expense of less than 3% per cent of the installments paid to the associa-
tions.
The Department is grateful for their cooperation in filing reports,
answering inquiries, and making possible effective administration of
the law. Respectfully submitted,
Stacey W, Wade,
Insurance Commissioner.
Digitized by
the Internet ^
Archive
in 2013
http://archive.org/details/reportsofbuildinOOnort
ALBEMARLE BUILDING AND LOAN ASSOCIATION
OF ALBEMARLE, N. C.
Incorporated 1902. Commenced business October 1, 1902
President J. S. Efird Albemarle, N. C.
Vice-President C. J. Mauney Albemarle, N. C.
Secretary-Treasurer M. J. Harris Albemarle, N. C.
Attorney R. L. Smith Albemarle, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,230.40
Fines received during year 11.30
Fees received during year 188.60
$ 2,430.30
Deduct accrued income 58.54
Balance $ 2,371.76
Add accrued income at this date 218.37
Total earned income during year ^ $ 2,590.13
Expenses
Total expenses $ 479.64
Net earned income during year 2, 110.49
Balance of profits at beginning of year 4, 107. 15
Total profits $ 6,217.64
Deduct profits paid during the year on stock withdrawn I 313.66
Deduct profits paid or credited during year on matured stock 1,852.50
2,166.16
Balance of profits at close of year $ 4. 4,051.48
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per^
Share
Per
Share
Per Series
Per
Share
Per Series
19
50
326
163.5
$81.50
$ 4,075.00
1 666,262.50
$ 16.05
$ 801.90
$ 97.55
20
53
300
150.5
75.00
3,975.00
598,237.50
13.58
720.01
88.58
21
6
274
137.5
68.50
411.00
56,512.50
13.34
80.05
81.84
22
91
247
124
61.75
5,619.25
696,787.00
9.21
838. 64
70.96
23
44
221
111
55.25
2,431.00
269,841.00
7.38
324.77
62.63
24
27
195
98
48.75
1,316.25
128,992.50
5.75
155.32
54.50
25
43
169
85
42.25
1,816.75
154,423.75
4.32
185.86
46.57
26
96
143
72
35.75
3,432.00
247,104.00
3.09
297.41
38.84
27
19
117
59
29.25
555.75
32,789.25
1.95
37.06
31.20
28
117
91
46
22.75
2,661.75
122,440.50
1.25
147.37
24.00
29
528
65
33
16.25
8,580.00
283,140.00
.65
340.78
16.90
30
498
39
20
9.75
4,855.50
97,110.00
.23
116.88
9.98
31
197
13
7
3.25
640.25
4,481.75
.03
5.39
3.28
2
Building and Loan Associations
HOME BUILDERS ASSOCIATION
OF ALBEMARLE, N. C.
Incorporated 19n. Commenced business July 1, 1911
President J. M. Morrow Albemarle, N. C.
Vice-President E. E. Snuggs Albemarle, N. C.
Secretary-Treasurer A. P. Harris Albemarle, N. C.
Attorney __.W. L. Mann Albemarle, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 7,333.57
Fees received during year 913. 15
Total earned income during year $ 8,246.72
Expenses
Interest paid on borrowed money $ 778.73
Total expenses 1,833.39
$ 2,612.12
Net earned income during year 5, 634. 60
Balance of profits at beginning of year 7,031.79
Total profits $ 12,666.39
Deduct profits paid during the year on stock withdrawn $ 1,275.88
Deduct profits paid or credited during year on matured stock 1,457.00
2,732.88
Balance of profits at close of year $ 9,933.51
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
45
338
169.5
$ 84.50
$ 3,802.50
$ 644,523.75
$ 14.57
$ 655. 84
$ 99.07
8
116
312
156.5
78.00
9,048.00
1,416,012.00
12.42
1,440.88
90.42
9
37
286
143.5
71.50
2,645.50
379,629.25
10.44
386.30
81.94
10
77
260
130.5
65.00
5,005.00
653,152.50
8.63
664. 62
73.63
11
101
234
117.5
58.50
5,908.50
694,248.75
6.99
706.42
65.49
12
257
208
104.5
52.00
13,364.00
1,396,538.00
5.52
1,421.06
57.52
13
157
182
91.5
45.50
7,143.50
653,630.25
4.23
665.11
49.73
14
285
156
78.5
39.00
11,115.00
872,527.50
3.11
887.85
42.11
15
149
130
65.5
32.50
4,842.50
317,183.75
2.16
322.75
34.66
16
588
104
52.5
26.00
15,288.00
802,620.00
1.36
816.71
27.38
17
1,319
78
39.5
19.50
25,720.50
1,015,959.75
.78
1,033.80
20.28
18
2,383
52
26.5
13.00
30,979.00
820,943.50
.35
835.36
13.35
19
1,084
26
13.5
6.50
7,046.00
95,121.00
.08
96.79
6.58
Building and Loan Associations
3
RANDOLPH COUNTY BUILDING AND LOAN ASSOCIATION
OF asheboro, n. c.
Incorporated January, 1917. Commenced business February 1, 1917
President L. F. Ross Asheboro, N. C.
Vice-President W. M. Hannek Liberty, N. C.
Secretary E. R. Yow Asheboro, N. C.
Treasurer E. R. Yow Asheboro, N. C.
Attorney Chas. H. Redding Asheboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,459. 15
Fees received during year 61.90
$ 1,521.05
Deduct accrued income . 29.25
Balance . $ 1,491.80
Add accrued income at this date 16.80
Total earned income during year $ 1,508.60
Expenses '
Interest paid on borrowed money. % 178.76
Total expenses 462. 16
S 640.92
Net earned income during year 867. 68
Balance of profits at beginning of year 257.39
Total profits $ 1,125.07
Deduct profits paid or credited during year on prepaid stock % 78.00
Deduct profits paid during the year on stock withdrawn 78. 12
156.12
Balance of profits at close of year. $ 968.95
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value .
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
197
47
24
$ 47.00
$ 9,259.00
$ 2,222.16
$ 2.68
$ 527.97
$ 49.68
2
21
44
22.5
44.00
924.00
207.90
2.35
49.40
46.35
3
42
36
18.5
36.00
1,512.00
279.72
1.58
66.46
37.58
4
321
24
12.5
24.00
77.04
963.00
.71
228.79
24.71
5
246
15
8
15.00
3,690.00
295.20
.28
70.14
15.28
6
306
8
4.5
8.00
24.48
110.16
.08
26.18
8.08
4
Building and Loan Associations
PEOPLES BUILDING AND LOAN ASSOCIATION
OF asheboro, n. c.
Incorporated 1904. Commenced business September 15, 1904
President W. J. Armfield, Jr Asheboro, N. C.
Vice-President D. B. McCrary Asheboro, N. C.
Secretary-Treasurer W. A. Bunch Asheboro, N. C.
Attorney J. A. Spence Asheboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,853.71
Fines received during year 23.00
Fees received during year 57.80
$ 2,934.51
Deduct unpaid expenses and prepaid interest on mortgage and stock
loans at this date $ 117.50
Deduct accrued income 8.40
125.90
Balance. $ 2,808.61
Add accrued income at this date 72.95
Add accrued expense and prepaid interest on mortgage and stock
loans December 31, previous year 5.50
Total earned income during year $ 2,887.(
Expenses
Interest paid on borrowed money $ 494.98
Total expenses 521.25
— $ 1,016.23
Net earned income during year 1,870.83
Balance of profits at beginning of year 3,981.01
Total profits $ 5,851.84
Deduct profits paid during the year on stock withdrawn $ 47.63
Deduct profits paid or credited during year on matured stock 2,208.00
— • 2,255.63
Balance of profits at close of year I 3,596.21
Appoktionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
6
230
62
31.5
$ 62.00
1 142.60
1 449.19
$ 8.85
$ 2,036.26
$ 70.85
7
389
33
17
33.00
128.37
218.23
2.54
989.28
35.54
8
458
22
11.5
22.00
100.76
115.87
1.14
525.21
23.14
9
358
7
4
7.00
25.06
10.02
.13
45.46
7.13
Building and Loan Associations
BLUE RIDGE BUILDING AND LOAN ASSOCIATION
OF asheville, n. c.
Incorporated 1903. Commenced business 1903
President -J. E. Rankin Asheville, N. C.
Vice-President R. S. Jones Asheville, N. C.
Secretary-Treasurer E. L. Ray Asheville, N. C.
Attorney J. C. Maktin Asheville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 53,187.95
Fines received during year 3,563.99
Fees received during year 3, 546. 60
S 60,298.54
Deduct accrued income 16,133.30
Balance $ 44,175.24
Add accrued income at this date 10,278.73
Total earned income during year S 54,453.97
Expenses
Interest paid on borrowed money $ 815.73
Earned discount on prepaid stock 150. 79
Total expenses 12, 299. 30
$ 13,265.82
Net earned income during year 41, 188. 15
Balance of profits at beginning of year 82,986.35
Total profits $ 124,174.50
Deduct profits paid or credited during year on prepaid stock $ 5,400.00
Deduct profits paid during the year on stock withdrawn 4,715.00
Deduct profits paid or credited during year on matured stock 34,890.50
45,005.50
Balance of profits at close of year .$ 79,169.00
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
23-.
24..
25..
26..
27..
28-
29..
30..
31_.
32..
33-
34-
35-
852
930
1,074
1,102
978
833
843
1,111
772
2,754
3,418
6,988
5,615
326
300
274
248
221
195
169
143
117
163.5
150.5
137.5
124.5
111
98
85
72
59
46
33
20
7
$ 81.50
75.00
68.50
62.00
55.25
48.75
42.25
35.75
29.25
22.75
16.25
9.75
3.25
69,438.00
69,750.00
73,569.00
68,324.00
54,034.50
40,608.75
35,616.75
39,718.25
22,581.00
62,653.50
55,542.50
68,133.00
18,248.75
218,
201.
194
163
115
76
58
54,
25,
55
35
26
2
175.25
872.59
533.41
583.42
,342.87
,531.83
,219.69
,994.50
,620.75
,424.25
,248.12
,205.00
,264.25
15.62
13.24
11.05
9.05
7.19
5.60
4.21
3.02
2.02
1.23
.63
.23
.02
13,305.70
12,311.25
11,864.87
9,976.32
7,034.61
4,667.91
3,551.24
3,354.56
1,563.35
3,379.77
2,149.43
1,597.98
138.07
97.12
88.24
79.55
71.05
62.44
54.35
46.46
38.77
31.27
23.98
16.88
9.98
3.27
6
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF asheville, n. c.
Incorporated June 28, 1911. Commenced business July 1, 1911
President F. R. Hewitt 311 Montford, Asheville, N. C.
Vice-President. C. W. Brown, Legal Bldg., care Central Bank, Asheville, N. C.
Secretary-Treasurer S. L. Forbes 48 Patton Ave., Asheville, N. C.
Attorney Lee & Ford Drhumn Bldg., Asheville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8,007.18
Fines received during year 708.16
Fees received during year 661.60
$ 9,376.94
Add accrued income at this date 716.23
Total earned income during year $ 10,093.17
Expenses
Interest paid on borrowed money.. I 1,998.58
Total expenses __ 1,899.46
$ 3,898.04
Net earned income . 6, 195. 13
Blance of profits at beginning of year 7,944.02
Total profits $ 14,139.15
Deduct profits paid during the year on stock withdrawn $ 703.50
Deduct profits paid or credited during year on matured stock 2,591.75
3,295.25
Balance of profits at close of year $ 10,843.90
Apportionment of Profits to December 31, 1920
Series
Number
Due to be Paid
Profits
Num-
Age in
Average
Equalized
Value
ber
Shares
Per
Share
Weeks
Time
Per
Share
Per Series
Investment
Per
Share
Per Series
4
339
170
1 84.75
$ 339.00
$ 57,630.00
$ 16.25
$ 65.02
$ 101.00
31
326
163.5
81.50
2,526.50
413,082.75
15.03
466.06
96.53
25
313
157
78.25
1,956.25
307,131.25
13.86
346.52
92.11
25
287
144
71.75
1,793.75
258,300.00
11.65
291.43
83.40
59
274
137.5
68.50
4,041.50
555,706.25
10.62
626.98
79.12
118
261
131
65.25
7,699.50
1,008,634.50
9.64
1,138.00
74.89
132
248
124.5
62.00
8,184.00
1,018,908.00
8.71
1,149.59
70.71
87
235
118
58.75
5,111.25
603,127.50
7.82
680.48
66.57
73
221
111
55.25
4,033.25
447,690.75
6.92
505.11
62.17
94
208
104.5
52.00
4,888.00
510,796.00
6.13
576.31
58.13
205
195
98
48.75
9,993.75
979,387.50
5.40
1,105.00
54.15
91
182
91.5
45.50
4,140.50
378,855.75
4.70
427.45
50.02
59
169
85
42.25
2,492.75
211,883.75
4.05
238.87
46.30
85
156
78.5
39.00
3,315.00
260,227.50
3.34
293.60
42.34
169
143
72
35.75
6,041.75
435,006.00
2.90
490.80
38.65
78
130
65.5
32.50
2,535.00
166,042.50
2.40
187.34
34.90
191
117
59
29.25
5,586.75
325,618.25
1.92
367.38
31.17
331
104
52.5
26.00
8,606.00
451,815.00
1.54
509. 76
27.54
129
91
46
22.75
2,934.75
134,998.50
1.18
152.31
23.93
260
78
39.5
19.50
5,070.00
200,265.00
.83
225.95
20.33
755
65
33
16.25
12,268.75
404,868.75
.60
456.79
16.85
770
52
26.5
13.00
10,010.00
265,265.00
.39
299.29
13.39
736
39
20
9.75
7,176.00
143,520.00
.22
161.93
9.97
747
26
13.5
6.50
4,855.50
65,549.25
.09
73.96
6.59
311
13
7
3.25
1,010.75
7,075.25
.02
7.98
3.27
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Building and Loan Associations
7
r
WEST ASHEVILLE BUILDING AND LOAN ASSOCIATION
OF WEST ASHEVILLE, N. C.
Incorporated 1916. Commenced business October 2, 1916
President... M. L. Manet ■ West Asheville, N. C.
Vice-President R. P. Walker West Asheville, N. C.
Secretary-Treasurer H. B. Posey West Asheville, N. C.
Attorney R. M. Wells. West Asheville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 768.62
Total earned income during year $
768.62
Expenses
Interest paid on borrowed money % 132.40
Total expenses 128.93
Net earned income during year
Balance of profits at beginning of year
Total profits
Deduct profits paid during the year on stock withdrawn.
-I 261.33
507.29
664.25
-$ 1,171.54
28.84
Balance of profits at close of year % 1,142.70
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
224
15
221
208
111
104.5
$ 55.25
52.00
$ 12,376.00
780.00
$1,373,736.00
81,510.00
$ 4.78
4.75
% 1,078.70
64.00
1 60.03
56.75
2 ...
8
Building and Loan Associations
BADIN BUILDING AND LOAN ASSOCIATION
OF BADIN, N. C.
Incorporated Commenced business April, 1919
President P. E. Book Badin, N. C.
Vice-President : S. J. Horton Badin, N. C.
Secretary-Treasurer John S. Cox Badin, N. C.
Attorney R. L. Smith Badin, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 727.24
Fees received during year ' 165.50
Total earned income during year $ 892.74
Expenses
Interest paid on borrowed money $ 523.70
Total expenses 218.10
741.80
Balance of profits at close of year $ 150.94
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
109
243
214
25
*
2
t
3
t
4
**
*Dated April, 1919.
tDated October, 1919.
JDated April, 1920.
**Dated October, 1920.
Building and Loan Associations
9
BELHAVEN BUILDING AND LOAN ASSOCIATION
OF BELHAVEN, N. C.
Incorporated.
Commenced business November 3, 1919
President W. E. Jokdan Belhaven, N. C.
Vice-President G. A. Conner. Belhaven, N. C.
Secretary-Treasurer T. J. M. Stearn Belhaven, N. C.
Attorney J. G. Tooly. Belhaven, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 262.81
Fines received during year 309.75
Fees received during year 328.50
Total earned income during year $ 901.06
Expenses
Total expenses I 763.75
Balance of profits at close of year $ 137.31
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Valve
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
706
61
31
$ 15.25
$ 10.766.50
$ 333,761.50
$ 0.16
S 116.32
$ 15.41
2
131
52
26.5
13.00
1,703.00
45,129.50
.12
15.73
13.12
3
172
26
13.5
6.50
1,118.00
15,093.00
.03
5.26
6.53
10
Building and Loan Associations
BELMONT BUILDING AND LOAN ASSOCIATION
OF BELMONT, N. C.
Incorporated 1915. Commenced business March 6, 1915
President R. B. Suggs Belmont, N. C.
Vice-President- R. F. Cox Belmont, N. C.
Secretary-Treasurer W. B. Puett Belmont, N. C.
Attorney Geokge B. Mason Gastonia, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4,359.29
Fees received during year 501.00
$ 4,860.29
Deduct accrued income 249.07
Balance $ 4,611.22
Add other income 469. 28
Total earned income during year $ 5,080.50
Expenses
Total expenses $ 1 , 363 . 58
Net earned income during year 3,716.92
Balance of profits at beginning of year 5,212.52
Total profits $ 8,929.44
Deduct profits paid during the year on stock withdrawn 516.52
Balance of profits at close of year_ : $ 8,412.92
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
274
303
152
$ 75.75
$ 20,755.50
$3,154,836.00
$ 11.17
$306,139.97
$ 86.92
2
91
277
139
69.25
6,301.75
875,943.25
9.34
84,999.78
78.59'
3
116
251
126
62.75
7,279.00
917,154.00
7.67
88,998.78
70.42
4
77
225
113
56.25
4,331.25
489,431.25
6.17
47,493.42
62.42
5
208
199
100
49.75
10,348.00
1,034,800.00
4.83
100,415.92
54.58
6
124
173
87
43.25
5,363.00
466,581.00
3.65
45,277.08
46.90
7
151
147
74
36.75
5,549.25
410,644.50
2.64
39,849.12
39.39
8
212
120
60.5
30.00
6,360.00
384,780.00
1.76
37,339.28
31.76
9
439
95
48
23.75
10,426.25
500,460.00
1.11
48,564.63
24.86
10
405
68
34.5
17.00
6,885.00
237,532.50
.57
23,050.67
17.57
11
790
42
21.5
10.50
8,295.00
178,342.50
.22
17,305.99
10.72
12
563
16
8.5
4.00
2,252.00
19,142.00
.03
1,857.50
4.03
Building and Loan Associations
11
BESSEMER CITY BUILDING AND LOAN ASSOCIATION
OF BESSEMER CITY, N. C.
Incorporated Commenced business-
President J. L. HoBBS Bessemer City, N. C.
Secretary-Treasurer E. J. Rhyne Bessemer City, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 534.46
Fines received during year 48.81
Fees received during year 55.75
$ 639.02
Add accrued income at this date 3.88
Total earned income during year $ 642.90
Expenses
Total expenses $ 350. 17
Net earned income during year 292. 73
Blanace of profits at beginning of year 188.54
Total profits $ 481.27
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
526
91
46
$ 22.75
$ 11,966.50
$ 550,459.00
$ 7.66
$ 403.13
S30.41
2
98
78
39.5
19.50
1,911.00
75,484.50
5.64
55.28
25.14
3
30
52
26.5
13.00
390.00
10,335.00
2.52
7.57
15.52
4
60
39
20
9.75
585.00
11,700.00
1.42
8.57
11.17
5
40
26
13.5
6.50
260.00
3,510.00
.64
2.57
7.14
6
28
13
7
3.25
91.00
637.00
.16
.46
3.41
12
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF BURLINGTON, N. C.
Incorporated March, 1914. Commenced business April 4, 1914
President J. A. Barnwell Burlington, N. C.
Vice-President A. A. Apple Burlington, N. C.
Secretary-Treasurer D. R. Fonville Burlington, N. C.
Attorney D. R. Fonville Burlington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,266.20
Fines received during year 30.50
Fees received during year 428.75
^"^-■■^ 1 3,725.45
■ Deduct accrued income 303.17
Balance $ 3,422.28
Add other income (suspense) ' 6.40
Total earned income during year $ 3,428.68
Expenses
Interest paid on borrowed money $ 427.04
Total expenses 780.07
—8 1,207.11
Net earned income during year 2,221.57
Balance of profits at beginning of year 4,956.54
Total profits . . $ 7,178.11
Deduct profits paid or credited during year on prepaid stock $ 181.76
Deduct profits paid during the year on stock withdrawn 2,204.05
2,385.81
Balance of profits at close of year $ 4,792.30
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
2
63
326
163.5
$ 81.50
$ 5,134.50
1 839,490.75
$ 16.62
S 1,047.15
$ 98.12
3
15
300
150.5
75.00
1,125.00
169,312.50
14.08
211.20
89.08
4
45
274
137.5
68.50
3,082.50
423,843.75
11.75
528.69
80.25
5
51
248
124.5
62.00
3,162.00
393,669.00
9.63
491.05
71.63
6
87
221
111
55.25
4,806.75
533,549.25
7.65
665.53
62.90
7
54
195
98
48.75
2,632.50
257,985.00
5.96
321.80
54.71
8
35
169
85
42.25
1,478.75
125,693.75
4.48
156.79
46.73
9
68
143
72
35.75
2,431.00
175,032.00
3.21
218.33
38.96
10
32
116
58.5
29.00
928.00
54,288.00
2.12
67.72
31.12
11
210
91
46
22.75
4,777.50
219,765.00
1.31
274.13
24.06
12
873
65
33
16.25
14,186.25
468,146.25
.67
583.95
16.92
12A
5
65
33
16.25
81.25
2,681.25
.66
3.34
16.91
13
864
39
20
9.75
8,424.00
168,480.00
.24
210.16
9.99
14
361
13
7
3.25
1,173.25
8,212.75
.03
10.24
3.28
14A
23
13
7
6.50
149.50
1,046.50
.05
1.31
6.55
14B*
32
13
7
3.25
104.00
728.00
.02
.91
3.27
*Prepaid.
Building and Loan Associations
13
CANTON BUILDING AND LOAN ASSOCIATION
OF CANTON, N. C.
Incorporated March, 1909. Commenced business March, 1909.
President Joseph Clark
Vice-President N. R. Wild
Secretary-Treasurer E. N. Coon
Attorney J. Bat Smathers
-Canton, N. C.
.Canton, N. C.
.Canton, N. C.
.Canton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 935.95
Fines received during year 10.75
Fees received during year 96. 75
— — $ 1,043.45
Deduct accrued income 74.74
Balance - $ 968.71
Add accrued income at this date 174.50
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 7.50
Total earned income during year $ 1,150.71
Expenses
Interest paid on borrowed money $ 227.18
Total expenses 254.59
■ 1 481.77
Net earned income during year._ 668.94
Balance of profits at beginning of year 747.76
Total profits $ 1,416.70
Deduct profits paid during the year on stock withdrawn 119.24
Balance of profits at close of year $ 1,297.46
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
2
3 ...
4
120
10
273
247
137
124
$ 68.25
61.75
$ 8,190.00
617.50
■SI, 122,030.00
76,570.00
S 8.03
6.57
$ 963.25
65.74
$ 76.28
68.32
5
14
194
97.5
48.50
679.00
66,202.50
4.06
56.84
52.56
6
14
168
84.5
42.00
588.00
49,686.00
3.05
42.66
45.05
7
22
142
71.5
35.50
781.00
55,841.50
2.18
47.94
37.68
8
8
116
58.5
29.00
232.00
13,572.00
1.46
11.65
30.46
9
62
90
45.5
22.50
1,395.00
63,472.50
.88
54.48
23.38
10
63
58
29.5
14.50
913.50
26,948.25
.37
23.13
14.87
11
234
35
18
8.75
2,047.50
36,855.00
.14
31.64
8.89
12
17
8
4.5
2.00
34.00
153.00
.01
.31
2.01
14
BULLDING AND LoAN ASSOCIATIONS
MECHANICS PERPETUAL BUILDING AND LOAN
ASSOCIATION
OF CHARLOTTE, N. C.
Incorporated February 19, 1883. Commenced business March 1, 1883
President- J. H. Wearn Charlotte, N. C,
Vice-President— A. L. Smith Charlotte, N. C.
Secretary-Treasurer _E. J. Capfeey Charlotte, N. C.
Attorneys Clarkson, Taliaferro & Clarkson... Charlotte, N. C.
Pharr, Bell & Sparrow Charlotte, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 107,832.35
Fines received during year 3,147.70
Fees received during year . 6,274.50
$ 117,254.55
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 3,170.85
Deduct accrued income 3, 858. 00
Total deductions 7,028.85
Balance $ 110,225.70
Add accrued income at this date.— 4,998.66
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 773.00
Total earned income during year $ 115,997.36
Expenses
Interest paid on borrowed money -- $ 2,381.64
Earned discount on prepaid stock 1,146.82
Total expenses 14,055.75
$ 17,584.21
Net earned income during year 98,413.15
Balance of profits at beginning of year 179,959.34
Total profits S 278,372.49
Deduct profits paid during the year on stock withdrawn $ 5,093.02
Deduct profits paid or credited during year on matured stock 81,499.49
86,592.51
Balance of profits at close of year $ 191,779,98
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
64
2,024
330
165.5
$ 82.75
$166,980.00
$27,635,190.00
$ 16.03
$ 32,457.28
$ 98.53
65
1,700
304
152.5
76.00
129,200.00
19,703,000.00
13.61
23,140.99
89.61
66
1,599
278
139.5
69.50
111,130.50
15,502,635.00
11.38
18,207.70
80.88
67
2,735
252
126.5
63.00
173,305.00
21,796,582.50
9.35
25,599.89
72.35
68
2,801
226
113.5
56.50
158,256.50
17,962,112.75
7.53
21,096.34
64.03
69
2,922
200
100.5
50.00
146,100.00
14,683,050.00
5.91
17,245.01
55.91
70
2,758
174
87.5
43.50
119,973.00
10,497,637.50
4.47
12,329.39
47.97
71
3,835
148
74.5
37.00
141,895.00
10,571,177.50
3.24
12,415.75
40.25
72
4,023
121
61
30.25
121,695.75
7,423,440.75
2.16
8,718.76
32.41
73
5,130
96
48.5
24.00
123,120.00
5,971,320.00
1.36
7,013.26
25.36
74
7,271
69
35
17.25
12-5,424.75
4,389,866.25
.71
5,155.86
17.96
75
10,728
43
22
10.75
115,326.00
2,537,172.00
.27
2,979.89
11.02
76
9,374
17
9
4.25
39,839.50
358,555.50
.04
421.20
4.29
Building and Loan Associations
15
MECKLENBURG BUILDING AND LOAN ASSOCIATION
OF CHARLOTTE, N. C.
Incorporated 1908. Commenced business December 5, 1908
President C. H. Robinson Charlotte, N. C.
Vice-President J. L. Redwine Charlotte, N. C.
Secretary-Treasurer A. G. Craig Charlotte, N. C.
Attorney T. A. Adams Charlotte, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,121.45
Fines received during year 195.36
Fees received during year 141. 15
$ 3,457.96
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 20.13
Deduct accrued income 439.04
459.17
Balance $ 2,998.79
Add accrued income at this date 449.62
Add other income 142.39
Total earned income during year 3,590. 80
Expenses
Interest paid on borrowed money $ . 64.13
Total expenses- 1,053.20
$ 1,117.33
Net earned income during year 2,473.47
Balance of profits at beginning of year 6,929.61
Total profits 9,403.08
Deduct profits paid during the year on stock withdrawn $ 1, 183.00
Deduct profits paid or credited during year on matured stock 4,254.75
5,437.75
Balance of profits at close of year $ 3,965.33
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
24
13
330
165.5
$ 82.50
$ 1,072.50
$ 177,498.75
$ 13.00
$ 169.03
$ 95.50
25
26
6
317
159
79.25
475.50
75,604.50
12.00
72.00
91.25
27
81
291
146
72.75
5,892.75
860,341.50
10.11
819.30
82.86
28
28
278
139.5
69.50
1,946.00
271,467.00
9.23
258.52
78.73
29
36
265
133
66.25
2,385.00
317,205.00
8.39
302.08
74.64
30
36
252
126.5
63.00
2,268.00
286,902.00
7.58
273.22
70.58
31
43
239
120
59.75
2,569.25
308,310.00
6.82
293.60
66.57
32
44
226
113.5
56.50
2,486.00
282,161.00
6.10
268.70
62.60
33
21
213
107
53.25
1,118.25
119,652.75
5.42
113.95
58.67
34
59
200
100.5
50.00
2,950.00
296.475.00
4.78
282.33
54.78
35
3
186
93.5
46.50
139.50
13,043.25
4.14
12.42
50.64
36
9
174
87.5
43.50
391.50
34,256.25
3.62
32.62
47.12
37
5
161
81
40.25
201.25
16,301.25
3.10
15.52
43.36
38
64
148
74.5
37.00
2,368.00
176,416.00
2.60
168.09
39.60
39
10
135
68
33.75
337.50
22,950.00
2.18
21.86
35.93
40
33
121
61
30.25
998.25
60,893.25
1.75
57.99
32.00
41
29
108
54.5
27.00
783.00
42,673.50
1.40
40.64
28.40
42
127
96
48.5
24.00
3,048.00
147,828.00
1.11
140.78
25.11
43
116
82
41.5
20.50
2,378.00
98,687.00
.81
93.98
21.31
44
61
69
35
17.25
1,052.25
36,828.75
.57
35.07
17.82
45
36
56
28.5
14.00
504.00
14,364.00
.38
13.69
14.38
46
63
43
22
10.75
677.25
14,899.50
.22
14.19
10.97
47
97
30
15.5
7.50
727. 50
11,276.25
.11
10.74
7.61
48
142
17
9
4.25
603.50
5,431.50
.04
5.17
4.29
49
92
4
2.5
1.00
92.00
230.00
.22
16
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF CHARLOTTE, N. C.
Incorporated April, 1881. Commenced business April, 1881.
President John R. Pharr Charlotte, N. C.
Vice-President J. G. Shannonhouse Charlotte, N. C.
Secretary-Treasurer E. L. Keesler.. Charlotte, N. C.
Attorney Chase Brenizer and H. L. Taylor Charlotte, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 140,695.23
Fines received during year 4,151.50
Fees received during year 7,878.'l0
$ 152,724.83
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 3,192.58
Deduct accrued income ^ 3,022.33
Total deductions 6,214.91
Balance $ 146,509.92
Add accrued incoftie at this date 3,872.58
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 2,608.86
Add other income 738.31
Total earned income during year .| 153,729.67
Expenses
Interest paid on borrowed money $ 9,192.81
Earned discount on prepaid stock 11,259.52
Total expenses 27 , 956. 54
$ 48,408.87
Net earned income during year $ 105,320.80
Balance of profits at beginning of year 189,105.57
Total profits . $ 294,426.37
Deduct profits paid or credited during year on prepaid stock $ 419.65
Deduct profits paid or credited during year on matured stock 77,435.25
77,854.90
Balance of profits at close of year ' $ 216,571.47
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
65
723
326
163
5
$ 81
50
$ 58,924
50
$ 185,272
22
$ 16.84
.1? 12,172.38
S 98.34
66
834
313
157
78
25
65,260
50
197,036
51
15.52
12,945.30
93.77
67
615
300
150
5
75
00
46,125
00
133,496
43
14.26
8,770.72
89.26
68
738
287
144
71
75
52,951
50
146,442
62
13.04
9,621.28
84.79
69
1,343
274
137
5
68
50
91,995
50
243,257
33
11.90
15,982.00
80.40
70
1,097
261
131
65
25
71,579
25
180,324
65
10.80
11,847.33
76.05
71
1,744
248
124
5
62
00
108,128
00
258,883
39
9.75
17,008.64
71.75
72
1,450
235
118
58
75
85,187
50
193,310
09
8.76
12,700.47
67.51
73
1,610
221
111
55
25
88,952
50
189,879
38
7.80
12,475.08
63.05
74
2,387
208
104
5
52
00
124,124
00
249,441
50
6.87
16,388.31
58.87
75
2,284
195
98
48
75
111,345
00
209,842
50
6.04
13,786.65
54.79
76
1,382
182
91
5
45
50
62,881
00
110,646
38
5.26
7,269.47
50.76
77
1,764
169
85
42
25
74,529
00
121,834
42
4.54
8,004.52
46.79
78
1,626
f56
78
5
39
00
63,414
00
95,730
75
3.87
6,289.51
42.87
79
2,840
143
72
35
75
101,530
00
140,580
00
3.22
9,236.11
38.97
80
2,072
130
65
5
32
50
67,340
00
84,822
50
2.69
5,572.84
35.19
81
3,011
117
59
29
25
88,071
75
99,927
56
2.18
6,565.24
31.43
82
3,225
104
52
5
26
00
83,850
00
84,656
25
1.72
5,561.92
27.72
83
4,250
91
46
22
75
96,687
50
85,531
25
1.32
5,619.40
24.07
84
4,036
78
39
5
19
50
78,702
00
59,783
25
.97
3,927.76
20.47
85
6,387
65
33
16
25
103,788
75
65,865
94
.68
4,327.39
16.93
86
7,226
52
26
5
13
00
93,938
00
47,872
25
.44
3,145.21
13.44
87
8,114
39
20
9
75
79,111
50
30,427
50
.25
1,999.09
10.00
88
5,821
26
13
5
6
50
37,836
50
9,822
94
.12
645.36
6.62
89
5,932
13
7
3
25
19,279
00
2,595
25
.03
170.50
3.28
Building and Loan Associations
17
ORANGE COUNTY BUILDING AND LOAN ASSOCIATION
OF CHAPEL HILL, N. C.
Incorporated September 15, 1919. Commenced business March 6, 1920
President M. E. Hogan Chapel Hill, N. C.
Vice-President E. A. Abernethy Chapel Hill, N. C.
Secretary-Treasurer R. P. Andrews Chapel Hill, N. C.
Attorney Roberson & Whitfield Chapel Hill, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 125.13
Fines received during year .65
Fees received during year 215. 62
$ 341.40
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 100.00
. Balance $ 241.40
Add accrued income at this date 37.97
Total earned income during year S 279.37
Expenses
Interest paid on borrowed money $ 65.16
Total expenses 478.87
$ 544.03
Balance— loss $ 264 . 66
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
451
225
43
13
22
7
$ 10.75
2.25
$ 4,848.25
731.25
$
$
$
$
2
2
18
Building and Loan Associations
CHERRYVILLE BUILDING AND LOAN ASSOCIATION
OF CHERRYVILLE, N. C.
Incorporated March, 1912. Commenced business March, 1912.
President J. J. George
Vice-President D. R. Mauney
Secretary-Treasurer Geo. S. Falls
-Cherryville, N. C.
-Cherryville, N. C.
-Cherrvville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year 2,213.70
Add accrued income at this date 355.81
Total earned income during year | 2,569.51
Expenses
Interest paid on borrowed money $ 535.95
Total expenses . . 722.10
$ 1,258.05
Net earned income during year 1,311.46
Balance of profits at beginning of year 1,735.83
Total profits $ 3,047.29
Deduct profits paid during the year on stock withdrawn $ 30.50
Deduct profits paid or credited during year on matured stock 372.00
402.50
Balance of profits at close of year $ 2,644.79
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
6
8
330
165.5
$ 82.50
S 660.00
$ 109,230.00
$ 14.39
$ 115.13
$ 96.89
7
3
304
152.5
76.00
228.00
34,770.00
12.21
36.65
88.21
8
5
279
140
69.75
348.75
48,825.00
10.29
51.46
80.04
9
26
252
126.5
63.00
1,638.00
207,207.00
8.39
218.40
71.39
10
40
226
113.5
56.50
2,260.00
256,510.00
6.75
270.36
63.25
11
124
200
100.5
50.00
6,200.00
623,100.00
5.29
656.75
55.29
12
41
174
87.5
43.50
1,783.50
156,056.25
4.01
164.48
47.51
13
38
148
74.5
37.00
1,406.00
104,747.00
2.90
110.40
39.90
14
84
121
61
30.25
2,541.00
155,001.00
1.94
163.36
32.19
15
241
96
48.5
24.00
5,784.00
280,524.00
1.23
295.67
25.23
16
215
69
35
17.25
3,708.75
129,806.25
.64
136.82
17.89
17
1,665
43
22
10.75
17,898.75
393,772.50
.25
415.03
11.00
18
255
17
9
4.25
1,083.75
9,753.75
.04
10.28
4.29
Building and Loan Associations
19
ROWAN COUNTY BUILDING AND LOAN ASSOCIATION
OF CHINA GROVE, N. C.
Incorporated 1905. Commenced business June, 1905
President M. L. Ritchie China Grove, N. C.
Vice-President G. A. Ramsaur, M.D China Grove, N. C.
Secretary-Treasurer A. M. Hanna China Grove, N. C.
Gain AND Loss Statement
Income
Interest on loans received during year $ 4,284.35
Fees received during year 296.00
Total earned income during year $ 4,580.35
Expenses
Interest paid on borrowed money $ 220.08
Total expenses 803.67
$ 1,023.75
Net earned income during year 3,556.60
Balance of profits at beginning of year 5,313.99
Total profits $ 8 , 870 . 59
Deduct profits paid or credited during year on prepaid stock $ 319.05
Deduct profits paid during the year on stock withdrawn 1,984.00
2,303.05
Balance of profits at close of year I 6,567.54
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
20
74
317
159
$ 79.25
$ 5,864.50
$ 932,455.50
$ 13.93
$ 1,031.55
$ 93.18
21
78
291
146
72.75
5,674.50
828,477.00
11.75
916.52
84.50
22-.
116
265
133
66.25
7,685.00
1,022,105.00
9.74
1,130.72
75.99
23
69
239
120
59.75
4,122.75
494,730.00
7.92
547. 30
67.67
24
147
213
107
53.25
7; 827. 75
837,569.25
6.29
926.58
59.54
25
111
187
94
46.75
5,189.25
487,789.50
4.84
539.63
51.59
26
83
161
81
40.25
3,340.75
270,600.75
3.63
299.36
43.88
27
96
135
68
33.75
3,240.00
220,320.00
2.52
243.73
36.27
28
223
108
54
27.00
6,021.00
328,144.50
1.62
363.06
28.62
29
303
82
41
20.50
6,211.50
257,777.25
.94
285.17
21.44
30
446
56
28
14.00
6,244.00
177,954.00
.43
196.86
14.43
31
673
30
15
7.50
5,047.50
78,236.25
.12
85.50
7.62
32
201
4
2
1.00
201.00
502.50
.56
20
Building and Loan Associations
CLAYTON BUILDING AND LOAN ASSOCIATION
OF CLAYTON, N. C.
Incorporated Commenced busir
President A. Sam White Clayton, N. C.
Vice-President Charles W. Horne Clayton, N. C.
Secretary-Treasurer Neil Barnes Clayton, N. C.
Attorney Leon G. Stevens Smithfield, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 6,609.94
Fines received during year 94. 75
Fees received during year 328.25
$ 7,032.94
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans _ - 227. 26
Balance $ 6,805.68
Add accrued income at this date 1,994.19
Total earned income during year $ 8,799.87
Expenses
Interest paid on borrowed money S 569. 18
Earned discount on prepaid stock 1,142.91
Total expenses 1,819.42
$ 3,531.51
Net earned income during year $ 5,268.36
Balance of profits at beginning of year . 5,157.56
Total profits $ 10,425.92
Deduct profits paid during the year on stock withdrawn $ 230.09
Deduct profits paid or credited during year on matured stock 1,736.50
1,966.59
Balance of profits at close of year S 8,459.33
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
14
69
326
163.5
$ 81.50
$ 5,623.50
S 919,442.25
$ 11.31
$ 780.58
$ 92.81
15
81
300
150.5
75.00
6,075.00
914,287.50
9.58
776. 20
84.58
16
109
274
137.5
68.50
7,466.50
1,026,643.75
7.99
871.59
76.49
17
132
248
124.5
62.00
8,184.00
1,018.908.00
6.55
865.02
68.55
18
139
221
111
55.25
7,679.75
852,452.25
5.25
723.70
60.46
19
90
195
98
48.75
4,387.50
429,975.00
4.05
365.03
52.80
20
152
169
85
42.25
6,422.00
545,870.00
3.04
463.43
45.29
21
193
143
72
35.75
6,899.75
496,782.00
2.18
421.75
37.93
22
246
117
59
29.25
7,195.50
424,534.50
1.46
360.42
30.71
23
703
91
46
22.75
15,993.25
735,689.50
.89
624.58
23.64
24
722
65
33
16.25
11,732.50
387,172.50
.45
328. 70
16.70
25
633
39
20
9.75
6,171.75
123,435.00
.16
104.79
9.91
26
343
13
7
3.25
1,114.75
7,803.25
.02
6.61
3.27
Building and Loan Associations
21
CLINTON BUILDING AND LOAN ASSOCIATION
OF CLINTON, N. C.
Incorporated 1919. Commenced business 1919
President T. B. Smith Clinton, N. C.
Vice-President W. F. Peterson Clinton, N. C.
Secretary-Treasurer A. R. Parshley Clinton, N. C.
Attorney H. A. Grady Clinton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 542.28
Fines received during year 19. 75
Fees received during year 206.00
1 768.03
Add accrued income at this date 72.94
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 75.00
Total earned income during year $ 915.97
Expenses
Total expenses I 857.40
Net earned income during year 58.57
Balance of profits at beginning of year 155.95
Balance of profits at close of year $ 214.52
Apportionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
732
65
33
$ 16.25
$ 11,856.00
$ 391,248.00
$ 0.24
$ 179.00
$ 16.89
2
265
39
20
9.75
2,583.75
51,675.00
.09
23.64
9.84
3
128
36
18.5
9.00
1,152.00
21,312.00
.04
9.75
9.04
4
204
13
7
3.25
663.00
4,641.00
2.13
3.26
22 Building and Loan Associations
CABARRUS COUNTY BUILDING, LOAN, AND SAVINGS
ASSOCIATION
OF CONCORD, N. C.
Incorporated April
Commenced business April
President L. D. Coltrane Concord, N. C.
Vice-President W. C. Houston Concord, N. C.
Secretary-Treasurer J. M. Hendrix Concord, N. C.
Assistant Secretary-Treasurer Gilbert Hendrix Concord, N. C.
Attorney L. T. Hartsell Concord, N. C.
Assistant Attorney T. D. Maness Concord, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 22, 769. 74
Fines received during year 586.00
Fees received during year 1,613.00
$ 24,968.74
Deduct accrued income, last report 3,028.51
Balance - . 21,940.23
Add accrued income at this date 3,028.51
Total earned income during year $ 24,968.74
Expenses
Interest paid on borrowed money $ 2,539.45
Earned discount on prepaid stock 1,302.20
Total expenses 3, 602. 46
$ 7,444.11
Net earned income during year 17,524.63
Balance of profits at beginning of year 26,650.09
Total profits $ 44,174.72
Deduct profits paid or credited during year on prepaid stock $ 607.89
Deduct profits paid during the year on stock withdrawn 9,520.00
10,127.89
Balance of profits at close of year I 34,046.83
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
34
176
318
157
$ 78.25
$ 13,772.00
$2,162,204.00
$ 17.55
$ 3,089.09
$ 95.80
35
323
287
144
71.75
23,175.25
3,337,236.00
14.76
4,767.83
86.51
36
375
261
131
65.25
24,468.75
3,205,405.25
12.13
4,579.49
77.38
37
449
235
118
58.75
26,378.75
3,112,692.50
9.90
4,447.03
68.65
38
278
209
105
52.25
14,525.50
1,525,177.50
7.83
2,178.99
60.08
39
506
183
92
45.75
23,149.50
2,129,754.00
6.01
3,042.73
51.76
40
543
156
78.5
39.00
21,177.00
1,662,394.50
4.37
2,375.02
43.37
41
509
130
65.5
32.50
16,542.50
1,083,533.75
3.04
1,548.03
35.54
42
926
104
52.5
26.00
24,076.00
1,263,990.00
1.95
1,805.83
27.95
43.
1,068
78
39.5
19.50
20,826.00
822,627.00
1.09
1,175.27
20.59
44
2,989
52
26.5
13.00
38,857.00
1,029,710.50
.49
1,471.12
13.49
45
4,188
26
13.5
6.50
27,222.00
376,497.00
.12
537.89
6.62
Building and Loan Associations
23
CITIZENS BUILDING AND LOAN ASSOCIATION
OF CONCORD, N. C.
Incorporated April 30, 1906. Commenced business May 5, 1906
President W. C. Houston Concord, N. C.
Vice-President C. B. Wagoner Concord, N. C.
Secretary-Treasurer A. F. Goodman » Concord, N. C.
Assistant Secretary-Treasurer Miss Bessie O. Caldwell Concord, N. C.
Attorney J. L. Crowell Concord, N. C.
Gain and Loss Statement
Income
Interest on loans received during year .$ 15,635.82
Fines received during year 97. 54
Fees received during year 990.05
$ 16,723.41
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 294.10
Deduct accrued income, last report 774. 12
Total deductions 1 , 068. 22
Balance $ 15,655.19
Add accrued income at this date $ 709.07
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 235.41
Total earned income during year $ 16,599.67
Expenses
Interest paid on borrowed money $ 564.31
Total expenses 3,905.21
4,469.52
Net earned income during year 12, 130. 15
Balance of profits at beginning of year 24,768.86
Total profits . $ 36,899.01
Deduct profits paid or credited during year on prepaid stock $ 30.30
Deduct profits paid during the year on stock withdrawn 521.27
Deduct profits paid or credited during year on matured stock 7,089.75
7,641.32
Balance of profits at close of year $ 29,257.69
Apportionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
18
141
321
161
$ 80.25
$ 11,315.25
$ 35,033.75
$ 17.15
$ 2,419.02
$ 97.40
19
472
296
148.5
74.00
34,928.00
99,746.31
14.59
6,887.42
88.^9
20
225
269
135
67.25
15,131.25
39,283.07
12.05
2,712.44
79.30
21
383
243
122
60.75
23,267.25
54,588.55
9.84
3,769.28
70.59
22
448
217
109
54.25
24,304.00
50,944.92
7.85
3,517.70
62.10
23
248
191
96
47.75
11,842.00
21,862.15
6.09
1,509.53
53.84
24
466
165
83
41.25
19,222.50
30,682.07
4.54
2,118.55
45.79
25
522
139
70
34.75
18,139.50
24,418.56
3.23
1,686.05
37.98
26
589
113
57
28.25
16,639.25
18,239.18
2.14
1,259.37
30.39
27
645
87
44
21.75
14,028.75
11,870.48
1.27
819.61
23.02
28
3,384
61
31
15.25
51,606.00
30,765.11
.63
2,124.28
15.88
29
2,027
35
18
8.75
17,736.25
6,139.47
.21
423.88
8.96
30
888
8
4.5
2.00
1,776.00
153.69
.01
10.56
2.01
24 Building and Loan Associations
CONCORD PERPETUAL BUILDING AND LOAN
ASSOCIATION
OF CONCORD, N. C.
Incorporated 1888. Commenced business June, 1888.
President C. W. Swink Concord, N C
Vice-President W. W. Flowe Concord, N. C.
Secretary-Treasurer H. I. Woodhouse Concord, N. C.
Attorney L. T. Haetsell Concord, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 17,111.21
Fines received during year 191.44
Fees received during year 1,259.75
$ 18,562.40
Deduct accrued income, last report 837.35
Balance $ 17,725.05
Add accrued income at this date 1,486.57
Total earned income during year . $ 19,211.62
Expenses
Interest paid on borrowed money $ 831. 16
Total expenses 2,857.26
$ 3,688.42
Net earned income during year 15,523.20
Balance of profits at beginning of year ' 30,030.99
Total profits $ 45,554.19
Deduct profits paid or credited during year on prepaid stock $ 1,481.00
Deduct profits paid during the year on stock withdrawn 1,288.59
Deduct profits paid or credited during year on matured stock 11,471.25
14,240.84
Balance of profits at close of year $ 31,313.35
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
53
246
313
157
$ 78.25
$ 19,249.50
$3,022,171.50
$ 14.77
$ 3,634.12
$ 93.02
54
303
287
144
71.75
21,740.25
3,130,596.00
12.42
3,764.50
84.17
55
342
261
131
65.25
22,315.50
2,923,330.50
10.27
3,515.26
75.52
56
461
235
118
58.75
27,083.75
3,195,882.50
8.33
3,843.00
67.08
57
529
209
105
52.25
27,640.25
2,902,226.25
6.59
3,489.89
58.84
58
489
183
92
45.75
22,371.75
2,058,201.00
5.06
2,474.96
50.81
59
395
157
79
39.25
15,503.75
1,224,796.25
3.72
1,472.80
42.97
60
640
131
66
32.75
20,960.00
1,383,360.00
2.59
1,663.47
35.34
61
828
104
52.5
26.00
21,528.00
1,130.220.00
1.64
1,359.07
27.64
62
1,219
78
39.5
19.50
23,770.50
938,934.00
.92
1,129.06
20.42
63
2,253
52
26.5
13.00
29,289.00
776,158.50
.31
934. 52
13.31
64
2,112
26
13.5
6.50
13,728.00
185,328.00
.10
222.85
6.60
Building and Loan Associations
25
PEOPLES BUILDING AND LOAN ASSOCIATION
OF DALLAS, N. C.
Incorporated February 23, 1920. Commenced business April 1, 1920
President S. A. Wilkins Dallas, N. C.
Vice-President R. S. Lewis Dallas, N. C.
Secretary-Treasurer J. P. Hoffman Dallas, N. C.
Attorney A. L. Bulwinkle Gastonia, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 149.23
Fees received during year 243.50
1 392.73
Add accrued income at this date 17.42
Total earned income during year $ 410. 15
Expenses
Total expenses S 376.12
Balance of profits at close of year $ 34.03
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
874
47
39
13
20
7
S 9.75
1.75
$ 8,521.50
82.25
S 170,430.00
575.75
1
$ 16.55
.06
1
2
26
Buii.DiNG AND Loan Associations
DAVIDSON BUILDING AND LOAN ASSOCIATION
OF DAVIDSON, N. C.
Incorporated 1907. Commenced business April, 1907.
President J. M. McConnell Davidson, N. C.
Vice-President Z. K. Justice Davidson, N. C.
Secretary-Treasurer C. H. Hamilton Davidson, N. C.
Attorney A. Curbie Davidson, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 980.06
Fees received during year 81.75
Total earned income during year $ 1,061.81
Expenses
Interest paid on borrowed money $ 3.91
Total expenses 367. 12
$ 371.03
Net earned income during year 690. 78
Balance of profits at beginning of year 1,125.40
Total profits $ 1,816.18
Deduct profits paid during the year on stock withdrawn $ 77.50
Deduct profits paid or credited during year on matured stock 586.00
663.50
Balance of profits at close of year $ 1, 152.68
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
16
21
326
163.5
$ 81.50
$ 1,711.50
$ 279,830.25
$ 12.68
$ 266.35
$ 94.18
17
20
300
150.5
75.00
1,500.00
225,750.00
10.74
214.86
85.74
18
9
274
137.5
68.50
616.50
84,768.75
8.96
80.68
77.46
19
8
248
124.5
62.00
496.00
61,752.00
7.35
58.77
69.35
20
29
222
111.5
55.50
1,609.50
179,459.25
5.89
170.80
61.39
21
12
196
98.5
49.00
588.00
57,918.00
4.59
55.13
53.59
22
8
169
85
42.25
338.00
28,730.00
3.42
27.35
45.67
23
24
143
72
35.75
858.00
61,776.00
2.45
58.80
38.20
24
9
117
59
29.25
263.25
15,531.75
1.64
14.78
30.89
25
86
91
46
22.75
1,956.50
89,999.00
1.00
85.66
23.75
26
162
65
33
16.25
2,632.50
86,872.50
.51
82.68
16.76
27
186
39
20
9.75
1,813.50
36,270.00
.19
34.52
9.94
28
107
13
7
3.25
347.75
2,434.25
.02
2.32
3.27
Building and Loan Associations
27
DURHAM BUILDING AND INVESTMENT COMPANY
OF DURHAM, N. C.
Incorporated 1902. Commenced business 1902
President T. B. Fuller.. Durham, N. C.
Vice-President E. C. Brooks Raleigh, N. C.
Secretary-Treasurer I. F. Hill Durham, N. C.
Attorney E. J. Hill Durham, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 25,242.27
Fines received during year 357. 37
Fees received during year 1, 506. 25
$ 27,105.89
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 404.63
Balance $ 26,701.26
Add accrued income at this date 159.74
Total earned income during year $ 26,861.00
Expenses
Interest paid on borrowed money S 46.70
Total expenses 4 , 443 . 95
$ 4,490.65
Net earned income during year 22,370.35
Balance of profits at beginning of year 36,819.19
Total profits $ 59 , 1 89 . 54
Deduct profits paid during the year on stock withdrawn $ 994.00
Deduct profits paid or credited during year on matured stock 13,634.50
14,628.54
Balance of profits at close of year $ 44,561.04
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
27
527
313
157
$ 78.25
$ 41,237.75
$6,474,326.75
$ 15.09
$ 7,954.76
$ 93.34
28
443
287
144
71.75
31,785.25
4,577,076.00
12.69
5,623.68
84.44
29
832
261
131
65.25
54,288.00
7,111,728.00
10.50
8,737.91
75.75
30
699
235
118
58.75
41,066.25
4,845,817.50
8.51
5,953.87
67.26
31
742
208
104.5
52.00
38,584.00
4,032,028.00
6.67
4,954.00
58.67
32
379
182
91.5
45.50
17,244.50
1,577,871.75
5.11
1,938.67
50.61
33
551
156
78.5
39.00
21,489.00
1,686,886.50
3.76
2,072.61
42.76
34
473
130
65.5
32.50
15,382.50
1,007,553.75
2.61
1,237.94
35.11
35
1,550
104
52.5
26.00
40,300.00
2,115,750.00
1.67
2,599.54
27.67
36
1,750
78
39.5
19.50
34,222.50
1,351,788.75
.94
1,660.89
20.44
37
3,420
52
26.5
13.00
44,460.00
1,178,190.00
.42
1,447.60
13.42
38
2,039
26
13.5
6.50
13,253.50
178,922.25
.11
219.83
6.61
28
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF DURHAM, N. C.
Incorporated February 24, 1920. Commenced business April 3, 1920
President R. L. Baldwin Durham, N. C.
Vice-President K. W. Beyan Durham, N. C.
Secretary-Treasurer Raymond A. Dean Durham, N. C.
Attorney L. P. McLendon Durham, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 1,647.31
Fines received during year 1.00
Fees received during year 2,001.25
: 1
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans % 36.02
Deduct accrued income, last report 2.66
3,649.56
Total deductions-
Balance
Add accrued income at this date.
3,610.88
278.84
Total earned income during year $
Expenses
Interest paid on borrowed money $ 672.18
Total expenses 2,197.
Net earned income during year
.72
-$ 2,870.07
1,019.65
Balance of profits at close of year $ 1,019.65
Appoetionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
4,153
39
20
$ 9.75
$ 40,491.75
$ 809,835.00
S 0.15
$ 625.32
$ 8.25
2
1,360
26
13.5
6.50
8,840.00
119,340.00
.07
92.15
6.07
3
1,677
13
7
3.25
5,450.25
38,151.75
.02
29.46
2.64
Building and Loan Associations
29
PEOPLES BUILDING AND LOAN ASSOCIATION
OF DURHAM, N. C.
Incorporated August, 1915. Commenced business August 21, 1915
President W. G. Pearson .-Durham, N. C.
Vice-President Joseph Allen Durham, N. C.
Secretary-Treasurer John A. Dyer Durham, N. C.
Attorney E. W. Canady Durham, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 20.00
Fines received during year 4.95
Fees received during year 81.35
$ 106.30
Deduct accrued income, last report 71.92
Balance S 34.38
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 71.32
Total earned income during year I 105.70
Expenses
Total expenses $ 75.30
Balance of profits at close of year $ 30.40
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
5
250
125.5
$ 62.50
$ 312.50
$ 39,218.75
$ 5.02
$ 25.10
1 5.27
17
101
22
11.5
5.50
555.50
6,388.25
.04
4.09
.29
18
106
11
6
2.75
291.^0
1,749.00
.01
1.12
.26
30
Building and Loan Associations
EDENTON BUILDING AND LOAN ASSOCIATION
OF EDENTON, N. C.
Incorporated July, 1905. Commenced business July, 1905
President L. F. Ziegler Edenton, N. C.
Vice-President W. S. Privott Edenton, N. C.
Secretary-Treasurer R. E. Leary Edenton, N. C.
Attorney W. S. Privott Edenton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 2,433.96
Fines received during year 86. 10
Fees received during year 259. 50
$ 2,779.56
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 19.70
Deduct accrued income, last report 237. 63
257.33
Balance $ 2,522.23
Add accrued income at this date 514.52
Total earned income during year $ 3,036-75
Expenses
Interest paid on borrowed money $ 259.85
Total expenses 742.79
$ 1,002.64
Net earned income during year 2,034.11
Balance of profits at beginning of year 3,681.31
Total profits $ 5,715.42
Deduct profits paid during the year on stock withdrawn $ 37.36
Deduct profits paid or credited during year on matured stock 1,544.75
1,582.11
Balance of profits at close of year $ 4,133.31
Apportionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
20
55
313
157
$ 78.25
$ 4,303.75
$ 675,688.75
$ 16.19
1 890.48
$ 94.44
21
26
287
144
71.75
1,865.50
2S8,632.00
13.61
354.03
85.36
22
35
261
131
65.25
2,283.75
299,171.25
11.26
394.27
76.51
23
51
235
118
58.75
2,996.25
353,557.50
9.13
465.95
67.88
24
22
209
105
52.25
1,149.50
120,697.50
7.23
159.07
59.48
25
56
183
92
45.75
2,562.00
235,704.00
5.54
310.63
51.29
26
69
156
78.5
39. op
2,691.00
211,243.50
4.03
278.40
43.03
27
98
130
65.5
32.50
3,185.00
208,617.50
2.80
274.93
35.30
28
305
104
52.5
26.00
7,930.00
416,325.00
1.47
548.67
27.47
29
242
78
39.5
19.50
4,719.00
186,400.50
1.01
245.66
20.51
30
340
52
26.5
13.00
4,420.00
117,130.00
.45
154.36
13.45
31
431
26
13.5
6.50
2,801.50
37,820.25
.10
49.84
6.60
32
234
13
7
3.25
760.50
5,323.50
.03
7.02
3.28
Building and Loan Associations
31
ALBEMARLE BUILDING AND LOAN ASSOCIATION
OF ELIZABETH CITY, N. C.
Incorporated February 11, 1916. Commenced business March 4, 1916
President J. P. Kramer Elizabeth City, N. C.
Vice-President W. H. Zoeller ---Elizabeth City, N. C.
Secretary-Treasurer W. Ben Goodwin Elizabeth City, N. C.
Attorney J. B. Leigh Elizabeth City, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,757.96
Fines received during year 91.40
Fees received during year 483.25
$ 4,332.61
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 48.01
Balance $ 4,284.60
Add accrued income at this date 48.01
Total earned income during year $ 4,332.61
Expenses
Interest paid on borrowed money $ 245.26
Total expenses 1,257.32
1 1,502.58
Net earned income during year 2,830.03
Balance of profits at beginning of year 2,968.51
Total profits $ 5,798.54
Deduct profits paid during the year on stock withdrawn 37.00
Balance of profits at close of year $ 5,761.54
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
375
252
126.5
$ 63.00
$ 23,625.00
$2,988,562.50
$ 8.29
$ 3,110.06
$ 71.29
2
19
226
113.5
56.50
1,073.50
121,842.25
6.67
126.80
63.17
3
66
213
107
53.25
3,514.50
376,051.50
5.93
391.34
59.18
4
103
200
100.5
50.00
5,150.00
517,575.00
5.23
538.61
55.23
5
174
87.5
43.50
2,022.75
176,990.62
3.96
184.18
47.46
6
209
148
74.5
37.00
7,733.00
576,108.50
2.87
599.54
39.87
7
47
121
61
30.25
1,421.75
86,726.75
1.92
90.25
32.17
8
293
96
48.5
24.00
7,032.00
341,052.00
1.21
354.92
25.21
9
217
69
35
17.25
3,743.25
131,013.75
.63
136.34
17.88
10
834
43
22
10.75
9,362.25
197,241.00
.23
205.26
10.98
11
609
17
9
4.25
2,588.25
23,294.25
.03
24.24
4.28
32
Building and Loan Associations
PEOPLES BUILDING AND LOAN ASSOCIATION
OF ELIZABETH CITY, N. C.
Incorporated 1920. Commenced business November 27, 1920
President-.-.'--- C. F. Craven Elizabeth City, N. C-
Vice-President G. W. Caldwell Elizabeth City, N. C-
Secretary C. L. Long Elizabeth City, N. C-
Treasurer W. H. Holland Elizabeth City, N. C
Attorney C. W. Brown Elizabeth City, N. C ,
Gain and Loss Statement
Income
Fines received during year $ 1.10
Fees received during year 74.50
$
Expenses
Total expenses $ 128.36
Net loss 52.76
Building and Loan Associations
33
ENFIELD BUILDING AND LOAN ASSOCIATION
OF ENFIELD, N. C.
Incorporated October 23, 1912. Commenced business March 8, 1913
President P. O. Petway Enfield, N. C.
Vice-President R. E. Shervette Enfield, N. C.
Secretary-Treasurer L. D. Tucker Enfield, N. C.
Attorney R. C. Dunn Enfield, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,354.90
Fines received during year 6.55
Fees received during year 279.50
Total earned income during year $ 3, 640. 95
Expenses
Interest paid on borrowed money $ 797.34
Total expenses 598.75
$ 1,396.09
Net earned income during year 2,244.86
Balance of profits at beginning of year 2,995.14
Total profits $ 5,240.00
Deduct profits paid during the year on stock withdrawn $ 25.00
Deduct profits paid or credited during year on matured stock 790.50
815.50
Balance of profits at close of year $ 4,424.50
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
3
232
256
128.5
$ 64.00
$ 14,848.00
$1,907,968.00
$ 7.64
1 1,774.76
$ 71.64
4
250
205
103
51.25
12,812.50
1,319,687.50
4.91
1,227.55
56.16
5
296
100
50.5
25.00
7,400.00
373,700.00
1.17
347.61
26.17
6
380
76
38.5
19.00
7,220.00
277,970.00
.68
258.56
19.68
7
920
48
24.5
12.00
11,040.00
270,480.00
.27
251.60
12.27
3
34
Building and Loan Associations
FAIRMONT BUILDING AND LOAN ASSOCIATION
OF FAIRMONT, N. C.
Incorporated 1919. Commenced business January 1, 1920
President Geo. H. Cole Fairmont, N. C.
Vice-President A. J. Floyd Fairmont, N. C.
Secretary-Treasurer H. L. Blue, Jr Fairmont, N. C.
Attorneys McLean, Varser, McLean & Stacy. ..Lumberton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 123. 17
Fines received during year 26.50
Fees received during year 318.00
Total earned income during year $ 467.67
Expenses
Interest paid on borrowed money. J... $ 8.63
Total expenses - 285.16
$ 293.79
Net earned income during year $ 173.88
Balance of profits at close of year I 173.88
Building and Loan Associations
35
FARMVILLE BUILDING AND LOAN ASSOCIATION
OF FARMVILLE, N. C,
\ Incorporated 1914. Commenced business April 4, 1914
President J. W. Holmes Farmville, N. C.
Vice-President W. J. Tuknage Farmville, N. C.
Secretary-Treasurer A. H. Joynek Farmville, N. C.
Attorney
-Martin Sheppard Farmville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5,310.55
Fines received during year 66.25
Fees received during year 208.00
$ 5,584.80
Add accrued income at this date - 233.70
Total earned income during year $ 5,818.15
Expenses
Interest paid on borrowed money $ 193.68.
Total expenses 830.50
$ 1,024.18
Net earned income during year 4,794.32
Balance of profits at beginning of year 8,455.60
Total profits $ 13,249.92
Deduct profits paid or credited during year on matured stock 7,288.26
Balance of profits at close of year $ 5,961.66
Appoetionment of Profits to December 31, 1920
Series
Number
2
3
4
5
6
7
8
9
10
11
Num-
ber
Shares
108
123
178
110
29
81
355
601
140
15
Age in
Weeks
300
774
248
221
195
169
91
65
39
13
Average
Time
150.5
137.5
124.5
111
98
85
46
33
20
Due to be Paid
Per
Share
75.00
68.50
62.00
55.25
48.75
42.25
22.75
16.25
9.75
3.25
Per Series
$ 8,100.00
8,425.50
11,036.00
6,077.50
1,413.75
3,422.25
8,076.25
9,766.75
1,365.00
48.75
Equalized
Investment
$1,219,050.00
1,158,506.25
1,373,982.00
674,602.50
138,547.50
290,891.25
371,507.50
322,302.75
27,300.00
316.88
Profits
Per
Share
12.06
10.06
8.25
6.55
5.10
3.83
1.12
.57
.21
.02
Per Series
1,303.13
1,238.41
1,468.75
721.13
148.10
310.96
397.13
344.53
29.18
.34
Value
Per
Share
87.06
78.56
70.25
61.80
53.85
46.08
23.87
16.87
9.96
3.27
36
Building and Loan Associations
CAPE FEAR BUILDING AND LOAN ASSOCIATION
OF fayetteville, n. c.
Incorporated Commenced business June 5, 1920
President Dr. J. F. Highsmith Fayetteville, N. C.
Vice-President L. Banks Williamson Fayetteville, N. C.
Secretary-Treasurer Chas. V. Sharpe Fayetteville, N. C.
Attorney Chas. G. Rose Fayetteville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
Loan fee
231.81
20.60
593.25
845. 66
.50
Total earned income during year $
Expenses
Total expenses $ 355.61
Balance of profits at close of year $ 490.55
Appoktionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
1,888
227
7
1
4
1
S 7.00
1.00
1 13,216.00
227.00
$ 4,405.33
18.91
$ 0.26
.01
$ 488.45
2.10
$ 7.26
1.00
2
Building and Loan Associations
37
CROSS CREEK BUILDING AND LOAN ASSOCIATION
OF fayetteville, n. c.
Incorporated 1905. Commenced business September, 1905
President H. W. Lilly -.Fayetteville, N. C.
Vice-President H. R. Horne Fayetteville, N. C.
Secretary-Treasurer Frank H. Stedman Fayetteville, N. C.
Attorney Chas. G. Rose Fayetteville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 23,490.86
Fines received during year 330.25
Fees received during year 2,242.75
$ 26,063.86
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans at this date 5.16
Balance I 26,058.70
Add accrued income at this date 75.08
Total earned income during year $ 26,133.78
Expenses
Interest paid on borrowed money $ 4,184.39 *
Total expenses 3 , 699 . 49
$ 7,883.88
Net earned income during year 18,249.90
Balance of profits at beginning of year 28,102.14
T otal profits $ 46 , 352 . 04
Deduct profits paid during the year on stock withdrawn $ 1,567.96
Deduct profits paid or credited during year on matured stock 9,998.77
11,566.73
Balance of profits at close of year . $ 34,785.31
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks ^
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
20
156
339
170
$ 84.75
$ 13,221.00
$2,247,570.00
$ 17.07
$ 2,664.25
$ 101.82
21
193
313
157
78.25
15,102.25
2,371,053.25
14.56
2,810.62
92.81
22
417
287
144
71.75
29,919.75
4,308,444.00
12.24
5,107.18
83.98
23
554
261
131
65.25
36,148.50
4,735,453.50
10.13
5,613.36
75.38
24
469
235
118
58.75
27,555.75
3,251,578.50
8.21
3,854.39
66.96
25
348
208
104.5
52.00
18,096.00
1,891,032.00
6.44
2,241.61
58.44
26-
318
182
91.5
45.50
14,469.00
1,512,010.50
5.63
1,792.32
51.13
27
750
156
78.5
39.00
29,250.00
2,296,125.00
3.62
2,721.80
42.62
28
798
130
65.5
32.50
25,935.00
1,698,742.50
2.50
2,013.67
35.00
29
1,418
104
52.5
26.00
36,868.00
1,935,570.00
1.61
2,294.40
27.62
30
1,893
78
39.5
19.50
36,913.50
1,458,083.25
.91
1,728.40
20.41
31
4,100
52
26.5
13.00
53,300.00
1,412,450.00
.40
1,674.30
13.40
32
1,849
26
13.5
6.50
12,118.50
163,599.75
.10
193.93
6.60
38
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF fayetteville, n. c.
Incorporated 1916. Commenced business April, 1916
President J. V. McGougan Fayetteville, N. C.
Vice-President A. B. McMillain Fayetteville, N. C.
Secretary-Treasurer .John R. Toler, Jr Fayetteville, N. C.
Attorney H. McD. Robinson Fayetteville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4,244.32
Fines received during year 138.24
Fees received during year 1,162.25
Total earned income during year $ 5,544.81
Expenses
Net adjustment $ 55.71
Interest paid on borrowed money 1,246.00
Earned discount on prepaid stock... 66.75
T otal expenses 1 , 544 . 27
$ 2,912.73
Net earned income during year .._ $ 2,632.08
Balance of profits at beginning of year 2,782.89
Total profits $ 5,414.97
Deduct profits paid during the year on stock withdrawn 133.67
Balance of profits at close of year .$ 5,281.30
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
252
248
124.5
$ 62.00
1 15,624.00
$1,945,188.00
$ 8.46
$ 2,132.42
$ 70.46
2..
128
221
111
55.25
7,072.00
784,992.00
6,72
860.56
61.97
3
146
195
98
48.75
7,117.50
697,515.00
5.24
764.66
53.99
4
20
169
85
42.25
845.00
71,825.00
3.93
78.74
46. 18
5
93
143
72
35.75
3,324.75
239,382.00
2.82
262.42
38.57
6
39
117
59
29.25
1,140.75
67,304.25
1.88
73.83
31.13
7
348
91
46
22.75
7,917.00
364,082.00
1.18
399.13
23.93
8
406
65
33
16.25
6,597.50
217,717.50
.58
238.67
16.83
9
2,102
39
20
9.75
20,494.50
409,890.00
.21
449. 35
9.96
10
863
13
7
3.25
2,804.75
19,633.25
.02
21.52
3.27
Building and Loan Associations
39
FOREST CITY BUILDING AND LOAN ASSOCIATION
OF FOREST CITY, N. C.
Incorporated October, 1909. Commenced business October, 1909
President I. B. Covington ..Forest City, N. C.
Vice-President W. S. Moss .Forest City, N. C.
Secretary-Treasurer W. J. Davis Forest City, N. C.
Attorney R. R. Blanton Forest City, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,745.97
Fines received during year 28.05
Fees received during year 285. 65
$ 3,059.67
Add accrued income at this date 514.68
Total earned income during year $ 3,574.35
Expenses
Interest paid on borrowed money I 153.48
Earned discount on prepaid stock 129.28
Total expenses - 1 , 220 . 40
$ 11,503.16
Net earned income during year 2,071.19
Balance of profits at beginning of year 3,772.11
Total profits $ 5,843,30
Deduct profits paid during the year on stock withdrawn $ 99.08
Deduct profits paid or credited during year on matured stock 971.59
— 1,070.67
Balance of profits at close of year $ 4,772.63
Appoetionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
18
19
20
21
22
23
24
25
26
27
28
29
48
24
39
61
91
53
74
77
42
134
801
498
202
320
295
268
242
216
190
164
138
112
160.5
148
134.5
121.5
108.5
95.5
82.5
69.5
56.5
43.5
30.5
17.5
4
80.00
73.75
67.00
60.50
54.00
47.50
41.00
34.50
28.00
21.50
15.00
8.50
1.75
3,840
1,770
2,613
3,690
4,914
2,517
3,034
2,656
1,176
2,881
12,015
4,233
353
,320.00
,960.00
,448.50
,395.75
,169.00
,421.25
,305.00
,626.75
,444.00
,323.00
,457.50
,077.50
,414.00
17.81
14.55
12.02
9.80
7. 69
6.05
4.51
3.92
1.79
1.25
.60
.20
.09
845.16
349.29
468.80
597.92
700. 19
320.70
333.88
301.87
75.29
166.06
488.62
98.81
18.86
97.61
88.30
79.02
70.30
61.69
53.55
45.51
38.42
29.79
22.75
15.60
8.70
1.82
40
Building and Loan Associations
GASTONIA MUTUAL BUILDING AND LOAN ASSOCIATION
OF GASTONIA, N. C.
Incorporated 1905. Commenced business January 1, 1905
President S. A. Robinson Gastonia, N. C.
Vice-President E. Hahn Gastonia, N. C.
Secretary-Treasurer E. G. McLurd Gastonia, N. C.
Attorneys J. W. Timberlake, Garland Woltz Gastonia, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 18,707.71
Fines received during year 104.70
Fees received during year 1,362.05
$ 2Q,174.46
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans at this date $ 28.77
Deduct accrued income (interest, fines and fees unpaid) December
31st, previous year credit to profit account in last report 41. 62
70.39
Balance $ 20,104.07
Add accrued income at this date . 152.04
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 180.05
Total earned income during year $ 20,436.16
Expenses
Interest paid on borrowed money $ 158.53
Total expense 4,016.47
$ 4,175.00
Net earned income during year 16,261.16
Balance of profits at beginning of year 26,032.14
Total profits $ 42,293.30
Deduct profits paid during the year on stock . $ 625.50
Deduct profits paid or credited during year on matured stock 9,179.75
9,805.25
Balance of profits at close of year $ 32,488.05
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
21
261
312
156.5
$ 78.00
$ 20,358.00
•13,186,027.00
1 14.42
$ 3,766.21
$ 92.42
22
221
286
143.5
71.50
15,801.50
2,267,515.25
12.12
2,680.44
83.62
23
449
260
130.5
65.00
29,185,00
3,808,642.50
10.02
4,502.21
75.02
24
728
234
117.5
58.50
72,588.00
5,004,090.00
8.12
5,915.35
66.62
25
657
207
104
51.75
33,999.75
3,535,974.00
6.36
4,179.88
58.11
26
698
181
91
45.25
31,584.50
2,874,189.50
4.86
3,397.59
50.11
27
644
155
78
38.75
24,955.00
1,946,490.00
3.57
2,300.95
42.32
28
740
129
65
32.25
23,865.00
1,551,225.00
2.47
1,833.71
34.72
29
876
103
52
25.75
22,557.00
1,172,964.00
1.58
1,386.56
27.33
30
1,020
78
39.5
19.50
19,890.00
785,655.00
.91
928.72
20.41
31
183
65
33
32.50
5,947.50
196,267.50
1.26
232.01
33.76
32
2,295
52
26.5
13.00
29,835.00
790,627.50
.40
934.60
13.40
33
256
39
20
19.50
4,992.00
99,840.00
.46
118.02
19.96
34
1,453
26
13.5
6.50
9,444.50
127,500.75
.10
150.72
6.60
35
168
13
7
6.50
1,092.00
7,644.00
.05
9.04
6.55
Building and Loan Associations
41
HOME BUILDING AND LOAN ASSOCIATION
OF gastonia, n. c.
Incorporated April, 1912. Commenced business April, 1912
President E. B. Brittain Gastonia, N. C.
Second Vice-President Geo. R. Spencer Gastonia, N. C.
Secretary-Treasurer A. J. Rankin Gastonia, N. C.
Attorneys A. C. Jones & Geo. B. Mason Gastonia, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 18,425.34
Fines received during year 44.00
Fees received during year 2,019.90
$ 20,489.24
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 60.04
Deduct accrued income, last report 293.33
— 353.37
Balance $ 20,135.87
Add accrued income at this date 824.48
Total earned income during year $ 20,960.35
Expenses
Interest paid on borrowed money..-, $ 1,072.23
Earned discount on prepaid stock 163.46
Total expenses 4,984.45
$ 6,220.14
Net earned income during year 14,740.21
Balance of profits at beginning of year 20,496.05
Total profits $ 35,236.26
Deduct profits paid during the year on stock withdrawn i $ 644.00
Deduct profits paid or credited during year on matured stock 4,735.50
5,379.50
Balance of profits at close of year $ 29,856.76
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
44
338
169.5
$ 84.50
1 3,718.00
$ 630,201.00
$ 16.26
$ 715.28
$ 100.76
8
19
325
163
81.25
1,543.75
251,631.25
15.03
285.60
96.28
9
24
312
156.5
78.00
1,872.00
292,968.00
13.95
332.52
91.95
10
141
299
150
74.75
10,539.75
1,580,962.50
12.73
1,794.37
87.48
11
143
286
143.5
71.50
10,224.50
1,467,215.75
11.64
1,665.27
83.14
12
75
273
137
68.25
5,118.75
701,268.75
ID,. 61
795.94
78.86
13
191
260
130.5
65.00
12,415.00
1,620,157.50
9.63
1,838.85
74.63
14
36
247
124
61.75
2,223.00
275,652.00
8.69
312.87
70.44
15
412
234
117.5
58.50
24,102.00
2,831,985.00
7.80
3,214.25
66.30
16
867
220
110.5
55.25
47,685.00
5,269,192.50
6.90
5,980.44
62.15
17
261
207
104
52.00
13,506.75
1,404,702.00
6.11
1,594.32
58.11
18
101
194
97.5
48.75
4,898.50
477,603.75
5.37
542.09
54.12
19
118
181
91
45.50
5,339.50
485,894.50
4.67
551.49
50.17
20
144
168
84.5
42.00
6,048.00
511,056.00
4.03
580.05
46.03
21
280
155
78
38.75
10,850.00
846,300.00
3.43
960.54
42.18
22
187
142
71.5
35.50
6,638.50
474,652.75
2.88
538.73
38.38
23
828
129
65
32.25
26,703.00
1,735,695.00
2.38
1,969.99
34.63
24
491
116
58.5
29.00
14,239.00
832,981.50
1.92
945.43
30.92
25
663
103
52
25.75
17,072.25
887,757.00
1.52
1,007.59
27.27
26
865
90
45.5
22.50
19,462.50
885,543.75
1.16
1,005.08
23.66
27
1,202
77
39
19.25
23,138.50
902,401.50
.85
1,024.23
20.10
28
1,323
64
32.5
16.00
21,168.00
687,960.00
.59
780.83
16.59
29
30
2,346
51
26
12.75
29,911.50
777,699.00
.36
882.68
13.11
1,653
38
19.5
9.50
15,703.50
306,218.25
.21
347.55
9.71
31
1,785
25
13
6.25
11,156.25
145,031.25
.09
164.62
6.34
32
1,181
12
6.5
3.00
3,543.00
23,029.50
.02
26.15
3.02
42
Building and Loan Associations
GOLDSBORO BUILDING AND LOAN ASSOCIATION
OF GOLDSBORO, N. C.
Incorporated February 26, 1906. Commenced business March 3, 1906
President Geo. C. Rotall Goldsboro, N.
Vice-President - Geo. A. Norwood Goldsboro, N. C.
Secretary-Treasurer W. E. Stroud. Goldsboro, N. C.
Attorneys. Dickinson & Freeman Goldsboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 29,274.80
Fines received during year 83. 65
Fees received during year 10.70
Total earned income during year $ 29,369. 15
Expenses
Inerest paid on borrowed money $ 11,002.70
Total expenses 2 , 854 . 65
$ 13,857.35
Net earned income during year 15,511.80*
Balance of profits at beginning of year 30,178.92
Total profits $ 45,690.72
Deduct profits paid or credited during year on prepaid stock $ 250.48
Deduct profits paid during the year on stock withdrawn 2,096.35
Deduct profits paid or credited during year on matured stock 10,047.00
12,393.83
Balance of profits at close of year $ 33,296.89'
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Pai
d
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
33
125
330
165.5
$ 82.50
$ 10,312
50
11,706,718.75
$ 17.00
$ 2,125.00
$ 99.50'
34
107
317
159
79.25
8,479
75
1,348,280.25
15.75
1,685.25
95.00'
35
95
304
152.5
76.00
7,220
00
1,101,050.00
14.48
1,375.60
90.48
36
96
291
146
72.75
6,984
00
1,019,664,00
13.29
1,275.84
86.04
37
342
278
139.5
69.50
23,769
00
3,315,775.50
12.11
4,141.62
81.61
38
132
265
133
66.25
8,745
00
1,163,085.00
11.00
1,452.00
77.25
39
497
252
126.5
63.00
31,311
00
3,960,841.50
10.00
4,970.00
73.00>
40
127
239
120
59.75
7,588
25
910,590.00
9.00
1,143.00
68.75
41
130
226
113.5
56.50
7,345
00
833,657.50
8.00
1,040.00
64.50'
42
140
213
107
53.25
7,455
00
797,685.00
7.10
994.00
60.35
43
338
200
100.5
50.00
16,900
00
1,698,450.00
6.28
2,122.64
56.2a
44..
146
187
94
46.75
6,825
50
641,597.00
5.49
801.54
52.24
45
227
174
87.5
43.50
9,874
50
864,018.75
4.75
1,078.25
48.25
46
295
161
81
40.25
11,873
75
961,773.75
4.07
1,200.65
44.32
47
309
148
74.5
37.00
11,433
00
851,758.50
3.44
1,062.96
40.44
48
69
135
68
33.75
2,328
75
158,355.00
2.86
197.34
36.61
49
1,003
121
61
30.25
30,340
75
1,850,785.75
2.31
2,316.93
32.56
50
278
108
54.5
27.00
7,506
00
409,477.00
1.84
511.52
28.84
51
1,046
96
48.5
24.00
25, 104
00
1,217,544.00
1.45
1,516.70
25.45
52
411
82
41.5
20.50
8,425
50
349,658.25
1.05
431.55
21.55
53
596
69
35
17.25
10,281
00
359,835.00
.75
447.00
18.00
54
982
56
28.5
14.00
13,748
00
391,818.00
.49
481.18
14.4^
55
1,400
43
22
10.75
15,050
00
331,100.00
.30
420.00
11.05
56
2,135
30
15.5
7.50
16,012
909
50
248,193.75
.14
298.90
7.64
57
214
17
9
4.25
50
8,185.50
.04
8.56
4.29'
58
200
4
2.5
1.00
200
00
500.00
l.OO
Building and Loan Associations
43
GRAHAM HOME BUILDING COMPANY
OF GRAHAM, N. C.
Incorporated February 17, 1904. Commenced business March, 1904
President Chas. A. Scott Graham, N. C.
Vice-President C. P. Harden Graham, N. C.
Secretary-Treasurer Phil,. S. Dixon Graham, N. C.
Attorney E. S. Parks, Jr... Graham, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 6,045. 77
Fines received during year 74.00
Fees received during year 372.25
Total earned income during year $ 6,492.02
Expenses
Interest paid on borrowed money $ 191.70
Earned discount on prepaid stock 1,074.11
$ 1,265.81
Net earned income during year 5,226.21
Balance of profits at beginning of year 9,777.22
Total profits $ 15,003.43
Deduct profits paid or credited during year on matured stock 2,465.00
Balance of profits at close of year $ 12,538.43
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
11
184
82
41.5
S 82.00
$ 15,088.00
$ 626,152.00
$ 17.66
$ 3,250.85
$ 99.66
12
154
70
35.5
70.00
10,780.00
382,690.00
12.90
1,986.85
82.90
13
166
58
29.5
58.00
9,628.00
284,026.00
8.89
1,474.60
66.89
14
353
46
23.5
46.00
16,^38.01)
281,593.00
5.61
1,981.15
51.61
15
TQ5
34
17.5
34.00
23,970.00
335,580.00
3.08
2,177.83
37.08
16
964
22
11.5
22.00
21,208.00
243,892.00
1.31
1,266.24
23.31
17
1,404
10
5.5
10.00
14,040.00
77,220.00
.28
400.91
10.28
44
Building and Loan Associations
I
GRANITE BUILDING AND LOAN ASSOCIATION
OF granite falls, n. c.
Incorporated April 30, 1919. Commenced business July 1, 1919
President D. H. Warlick Granite Falls, N. C.
Vice-President A. D. Abernethy Granite Falls, N. C.
Secretary-Treasurer Grant Miller Granite Falls, N. C.
Attorney Mark Squires Lenoir, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
Pass books sold
1,237.29
22.60
164.15
1,424.04
4.65
Total earned income during year $ 1,428.69
Expenses
Interest paid on borrowed money ..I 172.57
Earned discount on prepaid stock 97. 64
Total expenses 521.17
1
Net earned income during year
Balance of profits at beginning of year
Balance of profits at close of year $
Appoktionment of Pkofits to December 31, 1920
791.38
637.31
104. 78
742.09
Series
Number
Num-"
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
905
78
39.5
$ 19.50
$ 17,647.50
$ 697,076.25
$ 0.60
S 548.00
$ 20.10
2
298
52
26.5
13.00
3,874.00
102,661.00
.27
80.70
13.27
3
140
26
13.5
6.50
910.00
12,285.00
.06
9.66
6.56
2*
35
52
2,537.50
131,950.00
103.73
*Prepaid stock.
Building and Loan Associations
45
GATE CITY BUILDING AND LOAN ASSOCIATION
OF GREENSBORO, N. C.
Incorporated September 17, 19Q3. Commenced business October 25, 1903
President W. G. Balsley Greensboro, N. C.
Vice-Presidents R. C. Beknau and L. J. Duffy Greensboro, N. C.
Secretary-Treasurer J. F. Stevens Greensboro, N. C.
Attorney Chas. A. Hines Greensboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 25,822.80
Fines received during year 325.17
Fees received during year 2,875. 25
Profit on re-sold stock 127.00
$ 29,150.22
Deduct accrued income, last report 817.81
Balance -$ 28,332.41
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 275.00
Total earned income during year $ 28,607.41
Expenses
Interest paid on borrowed money $ 2,261.96
Total expenses 5,952.11
$ 8,214.07
Net earned income during year 20 , 393 . 34
Balance of profits at beginning of year 24,866.21
Total profits . $ 45,259.55
Deduct profits paid or credited during year on prepaid stock 2,186.64
Deduct profits paid during the year on stock withdrawn 995.75
Deduct profits paid or credited during year on matured stock 8,896.00
12,078.39
Balance of profits at close of year... 33,181.16
46
Building and Loan Associations
GATE CITY BUILDING AND LOAN ASSOCIATION— Contirmed
Apportionment op Profits to December 31, 1920
25c Per Week
Series Number
Shares
in
Force
Weeks
Paid
Due to
be Paid
Equalized
Investment
Profit
Per Series
Value
Per Series
Value
Per
Share
23
311
326
$ 25,346.50
$ 79,694.99
$4,838.44
S 30,184.94
$97.06
24
244
300
18,300.00
52,964.35
3,215.56
21,515.56
88.18
25
247
274
16,919.50
44,738.86
2,716.17
19,635.67
79.49
26
302
248
18,724.00
44,829.48
2,721.68
21,445.68
71.01
27
79
235
4,641.25
10,532.04
639.42
5,280.67
66.84
28
281
221
15,525.25
33,140.30
2,012.00
17,537.25
62.41
29
190
208
9,880.00
19,855.00
1,205.43
11,085.43
58.34
30
307
195
14,966.25
28,205.63
1,712.41
16,678.66
54.33
31
52
182
2,366.00
4,192.24
254.52
2,620.52
50.39
32
217
169
9,168.25
14,986.45
909.86
10,078.11
46.44
33
108
156
4,212.00
6,358.50
386.04
4,598.04
42.57
34
208
143
7,436.00
10,296.00
625.09
8,061.09
38.75
35
295
130
9,587.50
12,076.42
733.18
10,320.68
34.99
36
361
117
10,559.25
11,980.51
727. 36
11,286.61
31.26
37
407
104
10,582.00
10,683.75
648. 64
11,230.64
27.59
38
893
91
20,315.75
17,971.63
1,091.08
21,406.83
23.97
39
1,043
78
20,338.50
15,448.92
937.94
21,276.44
20.40
40
875
65
14,218.75
9,023.00
547.81
14,766.56
16.88
41
1,129
52
14,677.00
7,479.62
454.11
15,131.11
13.40
42
994
39
9,691.50
3,727.50
226.31
9,917.81
9.98
43
1,779
26
11,563.50
3,001.17
182.21
11,745.71
6.60
44
1,025
13
3,331.25
447.93
27.20
3,358.45
3.28
50c Per Week
A- 1
108
169
$ 9,126.00
$ 14,917.39
$ 905.66
$ 10,031.66
$92.89
A- 2
28
165
2,184.00
3,297.00
200.16
2,384.16
85.15
A- 3
98
143
7,007.00
9,702.00
589.03
7,596.03
77.51
A- 4
19
130
1,235.00
1,555.61
94.45
1,329.45
69.97
A- 5
92
117
5,382.00
6,106.41
370.73
5,752.73
62.53
A- 6
54
104
2,808.00
2,835.00
172.11
2,980.11
55.19
A- 7
119
91
5,414.50
4,789.75
290.80
5, 705. 30
47.94
A- 8
162
78
6,318.00
4,799.09
291.36
6,609.36
40.80
A- 9
202
65
6,565.00
4,166.05
252.93
6,817.93
33.75
A-10.
417
52
10,842.00
5,525.25
335.45
11,177.45
26.80
A-11
281
39
5,479.50
2,107.50
127.95
5,607.45
19.96
A-12
313
26
4,069.00
1,056.06
64.12
4,133.12
13.20
A-13
491
13
3,191.50
429.13
26.05
3,217.55
6.55
Building and Loan Associations
47
GREENSBORO BUILDING AND LOAN ASSOCIATION
OF GREENSBORO, N. C.
Incorporated September 21, 1921. Commenced business October 15, 1920
President A. J. Klutz Greensboro, N. C.
Vice-President R. B. Coit Greensboro, N. C.
Secretary-Treasurer Phil R. Caklton Greensboro, N. C.
Attorney Julius C. Smith Greensboro, N. C.
Gain and Loss Statement
Income
Fees received during year $ 127.20
Total earned income during year.. $ 127.20
Expenses
Interest paid on borrowed money $ 1.90
Total expenses 539.99
$ 541.89
Balance— loss.
$ 414.69
48
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF GREENSBORO, N. C.
Incorporated 1914. Commenced business May, 1914
President E. P. Wharton Greensboro, N. C.
Vice-President Jos. J. Stone . Greensboro, N. C.
Secretary-Treasurer A. K. Moore . Greensboro, N. C.
Attorney R. D. Douglas Greensboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 15,630.51
Fines received during year 583. 25
Fees received during year 1 , 074. 75
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans . $ 164.44
Deduct accrued income, last report 1, 105.26
-$ 17,288.51
1,114.70
Balance $ 16,173.81
Add accrued income at this date 3,175.42
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 103.50
Profit in furniture 55.00
Total earned income during year $ 19,507.73
Expenses
Interest paid on borrowed money $ 1,302.17
Earned discount on prepaid stock 285.00
Total expenses 3,866.32
$ 5,453.49
Net earned income during year 14,054.24
Balance of profits at beginning of year 15,059.95
Total profits $ 29,114.19
Deduct profits paid or credited during year on prepaid stock $ 2,219.59
Deduct profits paid during the year on stock withdrawn 762.18
Deduct profits paid or credited during year on matured stock 6,386.33
9,368.10
Balance of profits at close of year ...$ 19,746.09
Building and Loan Associations
49
HOME BUILDING AND LOAN ASSOCIATION— Oowimwet?
Apportionment of Peofits to December 31, 1920
25c Per Week
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
onare
^Per
Per Series
Per
Share
Per Series
2
110
335
168
$ 83.75
$ 9,212.50
$ 29,763.36
$ 13.98
•S 1,537.07
$ 97. 73
3
86
321
161
80.25
6,901.50
21,368.08
12.83
1,103.66
93.08
4
88
308
154.5
77.00
6,776.00
20,132.46
11.82
1,039.85
88.82
5
109
294
147.5
73.50
8,011.50
22,724.87
10.77
1,173.74
84.27
6
79
282
141.5
70.50
5,569.50
15,155.44
9.91
782.74
80.41
7
84
269
135
67.25
5,649.00
14,665.00
9.01
757.45
76.26
8
26
256
128.5
64.00
1,664.00
4,111.98
8.17
212.37
72.17
9
62
243
122
60.75
3,766.50
8,836.74
7.36
456.40
68.11
10
95
230
115.5
57.50
5,462.50
12,133.02
6.60
626.64
64.10
11
166
217
109
54.25
9,005.50
18,876.86
5.87
974.95
60.12
12
116
204
102.5
51.00
5,916.00
11,661.25
5.19
602.28
56.19
13
63
191
96
47.75
3,008.25
5,553.64
4.55
286.83
52.30
14
103
178
89.5
44.50
4,583.50
7,888.87
3.96
407.44
48.46
15
115
165
83
41.25
4,743.75
7,571.72
3.40
391.06
44.65
16
131
152
76.5
38.00
4,978.00
7,323.29
2.89
378.23
40.89
17
139
139
70
34.75
4,830.25
6,502.14
2.42
335.82
37.17
18
22
126
63.5
31.50
693.00
846.25
1.99
43.71
33.49
19
119
113
57
28.25
3,361.75
3,684.95
1.60
190.32
29.85
20
260
100
50.5
25.00
6,500.00
6,312.28
1.25
326.01
26.25
21
362
87
44
21.75
7,873.50
6,661.89
.95
344.07
22.70
22
933
74
37.5
18.50
17,260.50
12,447.15
.69
642.87
19.19
23
517
61
31
15.25
7,884.25
4,700.05
.47
242.75
15.72
24
725
47
24
11.75
8,518.75
3,931.68
.28
203.06
12.03
25
714
35
18
8.75
6,247.50
2,161.99
.16
111.66
8.91
26
640
21
11
5.25
3,360.00
710.40
.06
36.69
5.31
27
423
8
4.5
2.00
846.00
73.18
.01
3.78
2.01
50c Per Week
100
59
178
89.5
$ 89.00
1 5,251.00
$ 9,037.74
$ 7.91
•1 466.78
$ 96.91
101
9
165
83
82.50
742.50
1,185.14
6.80
61.21
89.30
102
28
152
76.5
76.00
2,128.00
3,130.57
5.77
161.69
81.77
103
30
139
70
69.50
2,085.00
2,806.68
4.83
144.96
74.33
104
4
126
63.5
63.00
252.00
307.73
3.97
15.89
66.97
105
46
100
50.5
50.00
2,300.00
2,233.58
2.51
115.36
52.51
106
26
87
44
43.50
1,131.00
956.96
1.90
49.42
45.40
107
412
74
37.5
37.00
15,244.00
10,992.98
1.38
567.76
38.38
108
49
61
31
30.50
1,494.50
890.92
.94
46.01
31.44
109
190
47
24
23.50
4,465.00
2,060.74
.56
106.43
24.06
110
179
35
18
17.50
3,132.50
1,084.02
.31
55.99
17.81
111
132
21
11
10.50
1,386.00
293.04
.11
15.13
10.61
112
113
8
4.5
4.00
452.00
39.10
.01
2.02
4.01
4
50
Building and Loan Associations
PIONEER BUILDING AND LOAN ASSOCIATION
OF GREENSBORO, N. C.
Incorporated September 6, 1902. Commenced business November 1, 1902
President Dk. W. L. McNair Greensboro, N. C.
Vice-President Rev. S. S. Sevies Greensboro, N. C.
Secretary-Treasurer James B. Dudley Greensboro, N. C.
Attorney J. I. Scales Greensboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year , I 419.57
Fines received during year 1.10
Fees received during year 28.50
Total earned income during year... $ 449.17
Expenses
Interest paid on borrowed money $ 73.22
Total expenses 169.42
$ 242.64
Net earned income during year 206.53
Balance at beginning of year — loss 44.40
Total profits $ 162.13
Deduct taxes unpaid $ 22.52
Deduct expenses of real estate 76.60
Deduct profits paid during the year on stock withdrawn 6.15
Deduct profits paid or credited during year on matured stock 300.90
406.17
Balance of profits at close of year $ 244.04
Building and Loan Associattons
51
HOME BUILDING AND LOAN ASSOCIATION
OF GREENVILLE, N. C.
Incorporated 1906. Commenced business May 5, 1906
President R. C. Flanagan Greenville, N. C.
Vice-President D. J. Whichard— Greenville, N. C.
Secretary-Treasurer H. A. White Greenville, N. C.
Attorney J. B. Jambs Greenville, N. C.
GAij«r AND Loss Statement
Income
Interest on loans received during year I 20,470.24
Fees received during year - -- 1, 557. 50
$ 32,027.74
Add accrued income at this date 1,268.38
Total earned income during year $ 23,296.12
Expenses
Interest paid on borrowed money $ 1,492.93
Total expenses 6,274.65
$ 7,767.58
Net earned income during year 15,528.54
Balance of profits at beginning of year 30,500.25
Total profits $ 46,028.79
Long and short account $ 3.71
Deduct profits paid during the year on stock withdrawn 203.00
Deduct profits paid or credited during year on matured stock 18,374.75
18,581.46
Balance of profits at close of year • $ 27,447.33
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
18
212
321
161
$ 80.25
$ 17,013.00
$2,739,093.00
$ 13.75
$ 2,888.75
$ 94.00
19
275
296
148.5
74.00
20,350.00
3,021,975.00
11.58
3,187.09
85.58
20
229
269
135
67.25
15,400.25
2,079,033.75
9.57
2,192.63
76.82
21
418
243
122
60.75
25,393.50
3,098,007.00
7.81
3,267.28
68.56
22
683
217
109
54.25
37,052,75
4,038,749.75
6.23
4,259.42
60.48
23
386
191
96
47.75
18,431.50
1,769,424.00
4.83
1,866.10
52.58
24..
358
165
83
41.25
14,767.50
1,225,702.50
3.61
1,292.67
44.86
25
536
139
70
34.75
18,626.00
1,303,820.00
2.56
1,375.06
31.75
26
1,028
113
57
28.25
29,041.00
1,655,337.00
1.69
1,745.78
29.94
27
1,963
87
44
21.75
42,695.25
1,878,591.00
l.QO
1,981.24
22.75
28
3,107
61
31
15.25
47,381.75
1,468,834.25
.50
1,549.09
15.75
29
3,371
35
18
8.75
29,496.25
530,932.50
.16
559.94
8.91
30
1,464
8
4.5
2.00
2,928.00
13,176.00
13.90
52
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF HENDERSON, N. C.
Incorporated May 4, 1912. Commenced business May, 1912
President W. A. Hunt Henderson, N. C.
Vice-President C. H. Turner Henderson, N. C.
Secretary-Treasurer J. H. Goodrich Henderson, N. C.
Attorneys A. J. Harris and T. M. Pittman Henderson, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,202.91
Fines received during year 94.30
Fees received during year 251.25
$ 3,548.46
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans at this date I 506.40
Deduct accrued income (interest, fines and fees unpaid) December
31st, previous year credited to profit account in last report 99.22
605.62
Balance $ 2,942.84
Add accrued income at this date 288.35
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 23.95
Total earned income during year $ 3,255.14
Expenses
Interest paid on borrowed money $ 512.09
Total expenses 870.28
— $ 1,382.37
Net earned income during year 1,872.77
Balance of profits at beginning of year . 3,028.78
Total profits $ 4,901.55
Deduct profits paid during the year on Stock withdrawn I 281.35
Deduct profits paid or credited during year on matured stock 1,030.23
1,311.58
Balance of profits at close of year $ 3,589.97
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
5
10
325
163
$ 81.25
$ 812.50
$ 132,437.50
$ 12.47
$ 124.17
$ 93.72
6
50
299
150
74.75
3,737.50
560,625.00
10.51
525.64
85.26
7
87
273
137
68.25
5,937.75
813,471.75
8.76
762.72
77.01
8
48
247
124
61.75
2,964.00
367,536.00
7.18
344.60
68.93
9
61
220
110.5
55.00
3,355.00
370,727.50
5.70
347. 60
60.70
10
47
194
97.5
48.50
2,279.50
222,251.25
4.43
208.38
52.93
11
132
168
84.5
42.00
5,544.00
468,468.00
3.32
439.24
45.32
12
84
142
71.5
35.50
2,982.00
213,213.00
2.38
199.91
37.88
13
71
107
54
26.75
1,899.25
102,559.50
1.35
96.16
28.10
14
327
90
45.5
22.50
7,357.50
334,766.25
.96
313.88
23.46
15
304
64
32.5
16.00
4,864.00
158,080.00
.49
148.22
16.49
16
423
38
19.5
9.50
4,018.50
78,360.75
.17
73.47
9.67
17
327
12
6.5
3.00
981.00
6,376.50
.02
5.98
3.02
Building and Loan Associations 53
LABORERS BUILDING AND LOAN ASSOCIATION
OF HENDERSONVILLE, N. C.
Incorporated May 6, 1909. Commenced business March 13, 1909
President W. A. Smith Hendersonville, N. C.
Vice-President R. H. Staton Hendersonville, N. C.
Secretary-Treasurer Hestley A. Stepp Hendersonville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year .$ 8,058.59
Fines received during year 17.50
Fees received during year 829.50
$ 8,905.59
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans at this date $ 250.00
Deduct accrued income (interest, fines and fees unpaid) December
.31st, previous year credited to profit account in last report 207.08
457.08
Balance $ 8,448.51
Add accrued income at this date 280.80
Total earned income during year $ 8,729.31
Expenses
Interest paid on borrowed money $ 466.00
Total expenses 2,765.08
$ 3,231.08
Net earned income during year 5,498.23
Balance of profits at beginning of year 8,493.37
Total profits S 13,991.60
Deduct profits paid or credited during year on prepaid stock 145.72
Balance of profits at close of year $ 13,845.88
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
239
306
153.5
$ 76.50
$ 18,283.50
$2,806,517.25
$ 14.05
$ 3,358.45
$ 90.55
8
238
273
132
68.25
16,243.50
2,225,359.50
11.18
2,663.00
79.43
9
77
234
117.5
58.50
4,504.50
529,278.75
8.22
633.37
66.72
10
162
219
110
54.75
8,869.50
975,645.00
7.21
1,167.52
61.96
11
191
192
96.5
48.00
9,168.00
884,712.00
5.54
1,058.70
53.54
12
13
243
168
84.5
42.00
10,206.00
862,407.00
4.24
1,032.02
46.24
216
140
70.5
35.00
7,560.00
532,980.00
2.95
637.80
37.95
14
132
121
61
30.25
3,993.00
243,573.00
2.20
291.47
32.35
15
130
154
77.5
38.50
5,005.00
387,887.50
3.57
464.17
42.07
16
487
95
48
23.75
11,566.25
555,180.00
1.36
664.37
25.11
17
1,652
67
34
16.75
27,671.00
940,814.00
.69
1,125.84
17.43
18
1,639
41
21
10.25
16,799.75
352,794.75
.26
422.18
10.51
19
1,287
15
8
3.75
4,826.25
38,610.00
.04
46.20
3.79
54
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF HENRIETTA, N. C.
Incorporated July, 1910. Commenced business July, 1910
Vice-President J. F. Whisnant Henrietta, N. C.
Secretary-Treasurer J, B. Watkins Avondale, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 167^61
Fines received during year 3.32
-$ 170.93
Deduct accrued income, last report 92.52
Balance $ 78.41
Add accrued income at this date 72.80
Total earned income during year . $
Expenses
Total expenses $ 204. 20
Net loss during year 52.99
Balance of profits at beginning of year 1, 197.45
Total profits $ 1,054.46
Deduct profits paid during the year on stock withdrawn $ 63.76
Deduct profits paid or credited during year on matured stock 374.50
Balance of profits at close of year I
438.26
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
8
10
330
165.5
S 82.50
1 825.00
$ 136,537.50
$ 16.09
$ 160.87
$ 98.59
10
12
312
156.5
78.00
936.00
146,484.00
14.37
172.58
92.37
11
2
286
143.5
71.50
143.00
20,520.50
12.09
24.18
71.50
12
11
259
130
64.75
712.25
92,592.50
9.91
109.09
74.66
13
8
233
117
58.25
466.00
54,522.00
8.03
64.24
56.28
14
2
205
103
51.25
102.50
10,557.5(0
6.22
12.44
57.47
Building and Loan Associations
55
FIRST BUILDING AND LOAN ASSOCIATION
OF HICKORY, N. C.
Incorporated 1890. Commenced business April, 1890
President G. H. Geitner... Hickory, N. C.
Vice-President J. D. Elliott Hickory, N. C.
Secretary-Treasurer .--George R. Wootten Hickory, N. C.
Assistant Secretary-Treasurer E. L. Fox Hickory, N. C.
Attorney B. B. Blackwelder Hickory, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 36,975.25
Fines received during year 1,186. 20
Fees received during year 2,660.85
$ 40,822.30
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans— ^ I 2,488.13
Deduct accrued income, last report •- 860.40
3,348.53
Balance . $ 37,473.77
Add accrued income at this date 1,264.51
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 650.60
Add other income 300.30
Total earned income during year $ 39, 689. 18
Expenses
Interest paid on borrowed money _$ 619.73
Total expenses 6 , 834 . 34
$ 7,454.07
Net earned income during year 32,235.11
Balance of profits at beginning of year 74,535.67
Total profits 106,770.78
Deduct profits paid or credited during year on prepaid stock $ 956.00
Deduct profits paid or credited during year on matured stock 35,931.75
36,887.75
Balance of profits at close of year $ 69,883.03
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1914-D-.
397
326
163
5
.$ 81.50-
$ 32,355.50
1 101,733.15
$ 17.34
$ 6,882.62
$ 98.84
1915-A-.-
541
313
157
78.25
42,333.25
127,813.41
15.98
8,646.95
94.23
1915-B....
290
300
150
5
75.00
21,750.00
62,949.43
14.68
4,258.90
89.68
1915-C.—
467
287
144
71.75
33,507.25
92,789.16
13.44
6,277.56
85.19
1915-D-..
345
274
137
5
68.50
23,632.50
62,489.51
12.25
4,227.78
80.75
1916-A....
551
261
131
65.25
35,952.75
90,572.82
11.12
6,127.62
76.37
1916-B....
399
248
124.
5
62.00
24,738.00
59,228.35
10.04
4,007.17
72.04
1916-C-...
316
235
118
58.75
18,565.00
42, 128.17
9.02
2,850.34
67.07
1916-D...
399
221
111
55.25
22,044.75
47,056.86
7.98
3,183.77
63.23
1917-A.-..
603
208
104
5
52.00
31,356.00
63,013.50
7.07
4,263.23
57.07
1917-B-—
384
195
98
48.75
18,720.00
35,280.00
6.22
2,387.06
54.97
1917-C-...
375
182
91
5
45.50
17,062.50
30,023.35
5.41
2,031.44
50.91
1917-D...
605
169
85
42.25
25,561.25
41,782.51
4.67
2,826.96
46.92
1918-A-—
324
156
78
5
39.00
12,636.00
19,075.50
3.98
1,290.83
42.98
1918-B..-
457
143
72
35.75
16,337.75
22,621.50
3.35
1,530.71
39.10
1918-C...-
391
130
65
5
32.50
12,707.50
16,006.36
2.77
1,083.20
35.27
1918-D-..
512
117
59
29.25
14,976.00
16,991.74
2.25
1,149.86
31.50
1919-A— .
767
104
52
5
26.00
19,942.00
20,133.75
1.78
1,362.42
27.78
1919-B— -
1,055
91
46
22.75
24,001.25
21,231.87
1.36
1,436.71
24.11
1919-C-—
1,095
78
39
5
19.50
21,352.50
16,219.14
1.00
1,097.59
20.50
1919-D...
823
65
33
16.25
13,373.25
8,486.77
.70
574.17
16.95
1920-A-—
1,379
52
26
5
13.00
17,927.00
9,135.87
.45
618.08
13.45
1920-B— -
1,345
39
20
9.75
13,113.75
5,043.75
.25
341.25
10.00
1920-C— .
1,016
26
13
5
6.50
6,604.00
1,713.99
.11
115.99
6.61
1920-D.-.
953
13
7
3.25
3,097.25
416.46
.03
28.17
3.28
56
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF HICKORY, N. C.
Incorporated September 18, 1912. Commenced business October 1, 1912
President J. W. Shufohd Hickory, N. C.
Vice-President J. A. Moretz Hickory, N. C.
Secretary-Treasurer W. H. Little Hickory, N. C.
Attorney T. P. Pruitt Hickory, N. C.
GAiiq' and Loss Statement
Income
Interest on loans received during year $ 8,745.61
Fines received during year 304.75
Fees received during year 912.75
$ 9,963.11
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 592.19
Deduct accrued income, last report 226.71
818.90
Balance $ 9,144.21
Add accrued income at this date 369.90
Other income, rent 250.00
Total earned income during year.i $ 9,764.11
Expenses
Interest paid on borrowed money $ 1,388.78
Total expenses 2 , 309 . 1 1
$ 3,697.89
Net earned income during year 6,066.22
Balance of profits at beginning of year 9,926.62
Total profits I 15,992.84
Deduct profits paid or credited during year on matured stock 4,571.25
Balance of profits at close of year $ 11,421.59
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
9-1914-D.
24
326
163.5
$ 81.50
$ 1,956.00
$ 319,806.00
S 16.74
$ 401.76
$ 98.24
10-1915-A-
3
313
157
78.25
234.75
36,855.75
15.43
46.29
93.68
11-1915-B.
30
300
150.5
75.00
2,250.00
338,625.00
14.18
425.40
89.18
12-1915-C-
66
287
144
71.75
4,735.50
681,912.00
12.97
856.02
84.72
13-1915-D.
56
274
137.5
68.50
3,836.00
527,450.00
11.59
649.04
80.09
14-1916-A.
71
261
131
65.25
4,632.75
606,890.25
10.47
743.37
75.72
15-1916-B.
48
248
124.5
62.00
2,976.00
370,512.00
9.45
453.60
71.45
16-1916-C.
53
235
118
58.75
3,113.75
367,422.50
8.49
449.97
67.24
17-1916-D.
69
221
111
55.25
3,812.25
423,159.75
7.57
522.33
62.82
18-1917-A.
110
208
104.5
52.00
5,720.00
597,740.00
6.70
737.00
58.70
19-1917-B.
88
195
98
48.75
4,290.00
420,420.00
5.89
518.32
54.64
20-1917-C_
69
182
91.5
45.50
3,139.50
287,264.25
5.13
353.97
50.63
21-1917-D.
66
169
85
42.25
2,788.50
237,022.50
4.36
287.76
46.61
22-1918-A.
85
156
78.5
39.00
3,315.00
260,227.50
3.71
315.35
42.79
23-1918-B.
74
143
72
35.75
2,645.50
190,476.00
3.11
230.14
38.86
24-1918-C.
175
130
65.5
32.50
5,687.50
' 372,531.25
2.59
453.25
35.09
25-1918-D.
219
117
59
29.25
6,405.75
377,939.25
2.08
455.52
31.33
26-1919-A.
670
104
52.5
26.00
17,420.00
914,550.00
1.65
1,105.50
27.65
27-1919-B.
528
91
46
22.75
12,012.00
552,552.00
1.26
665.28
24.01
28-1919-C.
615
78
39.5
19.50
11,992.50
233,858.75
.97
596.55
20.47
29-1919-D.
441
65
33
16.25
7,166.25
236,486.25
.64
282.24
16.89
30-1920-A.
552
52
26.5
13.00
7,176.00
190,164.00
.41
226.32
13.41
31-1920-B.
435
39
20
9.75
4,241.25
84,825.00
.23
100.05
9.98
32-1920-C-
233
26
13.5
6.50
1,514.50
20,445.75
.10
23.30
6.60
33-1920-D.
191
13
7
3.25
620.75
4,345.25
.03
5.73
3.28
Building and Loan Associations
57
HIDDENITE MUTUAL BUILDING AND LOAN ASSOCIATION
OF HIDDENITE, N. C.
Incorporated 1920. Commenced business December 4, 1919
President-. R. V. Sharpe Hiddenite, N. C.
Vice-President -T. L. Watt Taylorsville, N. C.
Secretary-Treasurer J. R. Thomas Hiddenite, N. C.
Attorney V. G. Beckham Hiddenite, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 333.76
Pines received during year 8.56
Pees received during year 111. 75
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans
454.07
83.24
Balance $
Add accrued income at this date
370.83
60.59
Total earned income during year $
431.42
Expenses
Interest paid on borrowed money $ 91.43
Total expenses 156. 77
248.20
Balance of profits at close of year .-.$ 183.22
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
333
56
28.5
$ 14.00
$ 4,662.00
$ 132,867.00
$ .50
$ 168.17
$ 14.50
2
81
30
15.5
7.50
607.50
9,416.25
.14
11.92
7.64
3
35
4
2.5
1.00
35.00
87.50
.02
.10
1.02
1 Prepaid
stock-6
56
28.5
14.00
84.00
2,394.00
.50
3.03
14.50
58
Building and Loan Associations
HIGH POINT PERPETUAL BUILDING AND LOAN
ASSOCIATION
OF HIGH POINT, N. C.
Incorporated 1901. Commenced business November 1, 1901
President— C. M. Hauser High Point, N. C.
Vice-President.-.. J. W. Harris High Point, N. C.
Secretary-Treasurer V. A. J. Idol High Point, N. C.
Attorney.. - Dred Peacock High Point, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 27,723.29
Fines received during year 194. 75
Fees received during year 410. 90
Total earned income during year $ 28,328.94
Expenses
Interest paid on borrowed money $ 1,001.74
Earned discount on prepaid stock 1,322.12
Total expenses 4, 111. 53
$ 6,435.39
Net earned income during year 21,893.55
Balance of profits at beginning of year 40 039.52
Total profits $ 61,933.07
Deduct profits paid or credited during year on matured stock 7,350.00
Balance of profits at close of year $ 54,583.07
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
12
738
82
41.5
$ 82.00
$ 60,516.00
$ 2i)9,284.50
$ 17.32
$ 12,783.62
1 99.32
13
458
76
38.5
76.00
34,808.00
111,675.67
14.89
6,821.96
90.89
14
554
70
35.5
70.00
38,780.00
114,724.17
12.65
7,008.19
82.65
15
411
64
32.5
64.00
26,304.00
71,240.00
10.59
4,351.86
74.59
16
713
58
29.5
58.00
41,354.00
101,661.91
8.71
6,210.25
66.71
17...
378
52
26.5
52.00
19,656.00
43,407.00
7.01
2,651.69
59.01
18..
760
46
23.5
46.00
34,960.00
68,463.53
5.50
4,182.25
51.50
19
570
40
20.5
40.00
22,800.00
38,950.00
4.18
2,379.35
44.18
20
658
34
17.5
34.00
22,372.00
32,625.00
3.03
1,993.02
37.03
21
481
28
14.5
28.00
13,468.00
16,273.83
2.07
994. 12
30.07
22
2,399
22
11.5
22.00
52,778.00
50,578.92
1.20
3,089.73
23.20
23
2,015
16
8.5
16.00
32,240.00
22,836.67
.66
1,395.03
16.66
24
2,362
10
5.5
10.00
23,620.00
10,825.83
.28
661.32
10.28
25
1,192
4
2.5
4.00
4,768.00
993.33
.05
60.68
4.05
Building and Loan Associations
59
PIEDMONT BUILDING AND LOAN ASSOCIATION
OF HIGH POINT, N. C.
Incorporated January 26, 1912. Commenced business April 15, 1912
President Geo. A. Matton High Point, N. C.
Vice-Presidents E. A. Snow and R. B. Terhy High Point, N. C.
Secretary-Treasurer W. C. Idol ..High Point, N. C.
Attorney ..Wescott Roberson High Point, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 19,860.85
Fines received during year 263.00
Fees received during year 245.00
$ 20,368.85
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 40.50
Deduct accrued income, last report 122.00
162.50
Total earned income during year $ 20,206.35
Expenses
Interest paid on borrowed money $ 4,425.71
Total expenses 2,434.64
6,860.35
Net earned income during year 13,346.00
Balance of profits at beginning of year 29,989.00
Total profits $ 43,335.00
Deduct profits returned to shareholders . 15, 435. 00
Balance of profits at close of year $ 27,900.00
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
5
6
7.
8.
9
10
11
12
13
14
15
255
334
288
289
313
861
650
1,012
1,565
1,656
728
77.00
72.00
66.00
60.00
54.00
48.00
36.00
24.00
18.00
12.00
6.00
19,635.00
24,048.00
19,008.00
17,340.00
16,902.00
41,328.00
23,400.00
24,288.00
28,170.00
19,872.00
4,368.00
63,813.75
73,146.00
53,064.00
44,072.50
38,733.75
84,378.00
36,075.00
25,300.00
22,301.25
10,764.00
1,274.00
15.42
13.49
11.35
9.39
7.62
6.04
3.42
1.54
.88
.40
.11
930.93
505.79
268.74
714.87
386.00
197. 68
222.22
1,558.49
1,373.75
663.06
78.47
92.42
85.49
77.35
69.39
61.62
54.04
39.42
25.54
18.88
12.40
6.11
60
BlJILDING AND LoAN ASSOCIATIONS
HILLSBORO BUILDING AND LOAN ASSOCIATION
OF HILLSBORO, N. C.
Incorporated September 6, 1913. Commenced business September 6, 1913
President C. H. Robertson Hillsboro, N. C.
Vice-President N. W. Brown Hillsboro, N. C.
Secretary-Treasurer C. M. Andrews Hillsboro, N. C.
Attorney A. H. Graham Hillsboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,776.43
Fines received during year 33. 75
Fees received during year 259. 70
$ 2,069.88
Deduct accrued income, last report 393.02
Balance I 1,676.86
Add Accrued income at this date 145.74
Total earned income during year $ 1,822.60
Expenses
Interest paid on borrowed money - $ 231.80
Total expenses 422 . 79
$ 654.59
Net earned income during year 1,168.01
Balance of profits at beginning of year 4,416.23
Total profits $ 5,584.24
Deduct profits paid during the year on stock withdrawn $ 195.00
Deduct profits paid or credited during year on matured stock 3,818.50
4,013.50
Balance of profits at close of year $ 1,570.74
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due t'O be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
C
20
268
134.5
$ 67.00
$ 1,340.00
$ 180,230.00
$ 9.58
$ 191.64
$ 76.58
D
8
226
113.5
56.50
452.00
51,302.00
6.78
54.26
63.28
E
80
200
100.5
50.00
4,000.00
402,000.00
5.34
427.76
55.34
F
56
169
85
42.25
2,366.00
201,110.00
3.81
213.84
46.06
G
74
117
59
29.25
2,164.50
127,705.50
1.80
135.79
31.05
H
271
78
39.5
19.50
5,284.50
208,737.75
.81
221.65
20.34
9
394
52
26.5
13.00
5,122.00
135,733.00
.36
144.32
13.36
10
381
26
13.5
6.50
2,476.50
33,432.75
.09
35.31
6.59
Building and Loan Associations
61
KINGS MOUNTAIN BUILDING AND LOAN ASSOCIATION
OF KINGS mountain, N. C.
Incorporated Febru3.ry, 1907. Commenced business February, 1907
President A. E. Cline Kings Mountain, N. C.
Vice-President W. P. Fulton Kings Mountain, N. C.
Secretary-Treasurer ' W. H. McGinnis Kings Mountain, N. C.
Attorney J. R. Davis Kings Mountain, N. C.
Gain and Loss Statement
Interest on loans received during year..
Fines received during year
Fees received during year
Deduct accrued income, last report
Balance
Add accrued income at this date
Add county and city tax refund
Total earned income dvi^ing year.
Income
$ 4,914.21
34.00
458.25
$ 5,406.46
1,398.05
.$ 4,008.41
1,371.00
99.27
$ 5,478.68
Expenses
Interest p5,id on borrowed money $ 76.00
Total expenses 867.03
-$ 943.03
Net earned income during year 4 , 535. 65
Balance of profits at beginning of year 9,931.34
Total profits . . $ 14,466.99
Deduct profits paid during the year on stock withdrawn $ 317.13
Deduct profits paid or credited during year on matured stock 4,620.33
4,937.46
Balance of profits at close of year S 9,529.53
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
10
16
336
168.5
$ 84.00
.1 1,344.00
$ 226,464.00
$ 14.37
$ 230.06
$ 98.37
11
28
335
168
83.73
2,345.00
393,960.00
14.29
400.22
98.04
12
80
308
154.5
77.00
6,160.00
951,720.00
12.08
966.83
89.08
13
36
281
141
70.25
2,529.00
356,589.00
10.06
362.25
80.31
14
121
256
128.5
64.00
7,744.00
995,104.00
8.35
1,010.90
72.35
15
35
230
115.5
57.50
2,012.50
232,443.75
6.75
236.13
64.25
16
89
204
102.5
51.00
4,539.00
465,247.50
5.31
472.63
56.31
17
44
178
89.5
44.50
1,958.00
175,241.00
4.04
178.02
48.54
18
138
152
76.5
38.00
5,244.00
401,166.00
2.95
407.54
40.95
19
222
126
63.5
31.50
6,993.00
444,055.50
2.03
451.11
33.53
20
535
99
50
24.75
13,241.25
662,062.50
1.25
672.57
26.00
21
416
76
38.5
19.00
7,904.00
304,304.00
.74
309.14
19.74
22
939
47
24
11.75
11,033.25
264,798.00
.29
269.00
12.04
23
395
21
11
5.25
2,073.75
22,811.25
.05
23.17
5.30
61
Building and Loan Associations
EUREKA BUILDING AND LOAN ASSOCIATION
OF KINSTON, N. G.
Incorporated December, 1906. Commenced business March, 1907
President J. H. Jones Kinston, N. C.
Vice-President E. K. Patterson Kinston, N. C.
Secretary-Treasurer J. G. Banton Kinston, N. C.
Attorney G. G. Moore Kinston, N. C.
Gain and Loss Statement
Income
Interest on loans received during year J $ 579.88
Fines received during year 92.50
Fees received during year 53.25
Total earned income during year $ 725.63
Expenses
Total expenses $ 275.34
Net earned income during year 450.29
Balance of profits at beginning of year 1,594.64
Total profits S 2,044.93
Deduct profits paid or credited during year on matured stock 818.27
Balance of profits at close of year $ 1,226.66
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
I
10
326
163.5
$ 81.50
$ 815.00
$ 133,252.50
$ 27.18
$ 271.79
1 108.68
J
1
299
150
74.75
74.75
11,212.50
22.87
22.87
97.62
K
5
275
138
68.75
343.75
77,437.50
3.15
157.94
71.90
L
17
251
126
62.75
1,066.75
134,410.50
1.61
274.15
64.36
M
3
221
111
55.25
165.75
18,398.25
1.35
37.53
56.50
N
12
197
99
49.25
591.00
58,509.00
.99
119.34
50.24
O
19
171
86
42.75
812.25
69,853.50
.75
142.48
43.50
P
6
144
77.5
36.00
216.00
16,740.00
.57
34.14
36.57
Q
20
118
59.5
29.50
590.00
35,105.00
.35
71.60
29.85
R
25
92
46.5
23.00
575.00
26,737.50
.22
54.53
23.22
S
16
66
33.5
16.50
264.00
8,854.00
.11
18.06
16.61
T
46
40
20.5
10.00
460.00
9,430.00
.05
19.23
10.05
U
56
14
7.5
3.50
196.00
1,470.00
.02
3.00
3.52
Building and Loan Associations
63
MUTUAL BUILDING AND LOAN ASSOCIATION
OF KINSTON, N. C.
Incorporated July, 1912. Commenced business July, 1912
President Dr. Henry Tull Kinston, N. C.
Vice-Presidents T. V. Moseley and L. J. Mewborn Kinston, N. C.
Secretary-Treasurer C. Oettinger Kinston, N. C.
Gain and Loss Statement '
Income
Interest on loans received during year $ 5,776.86
Fines received during year 139.39
Fees received during year 461.50
Total earned income during year $ 6, 377. 75
Expenses
Interest paid on borrowed money $ 293. 61
Total expenses 1,781.56
$ 2,075.17
Net earned income during year 4, 302. 58
Balance of profits at beginning of year 7,914.43
Total profits - $ 12,217.01
Deduct profits paid during the year on stock withdrawn $ 394.75
Deduct profits paid or credited during year on matured stock 4,257.50
4,652.25
Balance of profits at close of year $ 7,564.76
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
5
18
330
165.5
$ 82.50
$ 1,485.00
$ 245,767.50
$ 13.00
$ 233.87
S 95.50
6
158
304
152.5
76.00
12,008.00
1,831,220.00
11.00
1,741.40
87.00
7
74
278
139.5
69.50
5,143.00
717,448.50
9.22
682. i2
78.72
8
185
252
126.5
63.00
11,655.00
1,475,622.51)
7.60
1,401.10
70.60
9
221
226
113.5
56.50
12,486.50
1,417,217.75
6.10
1,346.19
62.50
10
89
200
100.5
50.00
4,450.00
447,225.00
4.77
424. 65
54.77
11
44
174
87.5
43.50
1,914.00
167,465.00
3.60
158.98
47.10
12
105
148
74.5
37.00
3,885.00
289,432.50
2.60
274.39
39.60
13
106
121
6a
30.25
3,206.50
195,596.50
1.75
185.19
32.00
14
515
96
48.5
24.00
12,360.50
599,484.25
1.10
566.12
25.10
15
472
69
35
17.25
8,142.00
284, 970. OD
.53
249.02
17.78
16
1,237
43
22
10.75
13,297.75
292,550.50
.20
272.87
10.95
17
417
17
9
4.25
1,772.25
15,950.25
28.86
4.25
64
Building and Loan Associations
i
HOME BUILDING AND LOAN ASSOCIATION
OF LANDIS, N. C.
Incorporated 1913. Commenced business 1913
President J. P. Linn Landis, N. C.
Vice-President C. J. Deal Landis, N. C.
Secretary-Treasurer O. L. Linn Landis, N. C.
Attorney R. L. Wright Salisbury, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,844.17
Fees received during year 133.50
$ 1,977.67
Deduct accrued income, last report 165.00
Total earned income during year $ 1,812.67
Expenses
Interest paid on borrowed money $ 270.00
Total expenses 347.00
$ 617.00
Net earned income during year 1, 195. 67
Balance of profits at beginning of year . 1,308.10
Total profits . $ 2,503.77
Deduct profits paid during the year on stock withdrawn 282.30
Balance of profits at close of year $ 2,221.47
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
4
35
312
156.5
$ 78.00
1 2,730.00
$ 427,245.00
$ 11.67
$ 408.59
$ 89.67
5
18
286
143.5
71.50
1,287.00
184,684.50
9.81
176.62
81.31
6
43
261
130.5
65.00
2,795.00
364,747.50
8.11
348.82
73.11
7
40
234
127.5
58.50
2,340.00
298,350.00
7.13
285.32
65.63
8
41
208
104.5
52.00
2,132.00
222,794.00
5.19
213.07
57.19
9
26
182
91.5
45.50
1,183.00
108,244.50
3.97
103.52
49.47
10
46
156
78.5
39.00
1,794.00
140,829.00
2.92
134.68
41.92
11
26
130
65.5
32.50
845.00
55,347.50
2.03
52.93
34.53
12
221
104
52.5
26.00
5,746.00
301,665.00
1.30
288.49
27.30
13
129
78
39.5
19.50
2,515.50
99,362.25
.72
95.02
20.22
14
294
52
26.5
13.00
3,822.00
101,283.00
.32
96.86
13.32
15
209
26
13.5
6.50
1,358.50
18,339.75
.05
17.54
5.55
Building and Loan Associations
65
TWIN CITY BUILDING AND LOAN ASSOCIATION
OF leaksville, n. c.
Incorporated 1909. Commenced business August 7, 19Q9
President J. W. Norman... ...Leaksville, N. C.
Vice-President A. W. Dunn Leaksville, N. C.
Secretary-Treasurer G. C. Gammon Leaksville, N. C.
Attorney A. W. Dunn Leaksville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5,723.08
Fines received during year 70.00
Fees received during year 532.25
Balance $ 6,325.33
Add accrued income at this date 419. 79
Total earned income during year $ 6,745.12
Expenses
Interest paid on borrowed money $ 1,037.10
Total expenses 704.87
$ 1,741.97
Net earned income during year 5,003. 15
Balance of profits at beginning of year 4,548.99
Total profits $ 9,552.14
Deduct profits paid during the year on stock withdrawn $ 895.93
Deduct profits paid or credited during year on matured stock 751.25
1,647.18
Balance of profits at close of year $ 7,904.96
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
12_
23
308
154.5
$ 77.00
$ 1,771.00
$ 273,619.50
$ 15.38
$ 354.12
$ 92.38
13
37
282
141.5
70.50
2,608.50
369,102.75
12.91
477.71
83.41
14
152
256
128.5
64.00
9,728.00
1,250,048.00
10.64
1,617.87
74.64
15
58
230
115.5
57.50
3,335.00
385,192.50
8.59
498.53
66.09
16
124
204
102.5
51.00
6,324.00
648,210.00
6.76
838.94
57.76
17
119
178
89.5
44.50
5,295.50
473,947.25
5.15
613.41
49.65
18
153
152
76.5
38.00
5,814.00
444,771.00
3.76
575.71
41.76
19
241
126
63.5
31.50
7,591.50
482,060.25
2.58
623.90
33.78
20
432
100
50.5
25.00
10,800.00
545,400.00
1.63
705.87
26.63
21
596
74
37.5
18.50
11,026.00
413,475.00
.86
535.14
19.36
22
397
61
31
15.25
6,054.25
187,681.75
.61
242.90
15.86
23
694
47
24
11.75
8,154.50
195,708.00
.36
253.29
12.11
24
456
39
20
9.75
4,446.00
88,920.00
115.08
9.75
25
193
63
120
30
17
8
15.5
9
4.5
7.50
4.25
2.00
1,447.50
267.75
240.00
22,436.25
2,409.75
1,080.00
28.20
3.10
7.50
4.25
26
27
1.40
2.00
5
66
Building and Loan Associations
CITIZENS BUILDING AND LOAN ASSOCIATION
OF LENOIR, N. C.
Incorporated 1888. Commenced business 1888
President J. H. Beall Lenoir, N. C.
Vice-President J. C. Seagle . Lenoir, N. C.
Secretary-Treasurer W. L. Minish Lenoir, N. C.
Attorney Mark Squires.
Lenoir, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 18,551.59 •
Fines received during year 331.60
Fees received during year 901.05
$ 19,784.24
Deduct accrued income, last report 757. 78
Balance $ 19,026.46
Add accrued income at this date 1,115.01
Total earned income during year $ 20,141.47
Expenses
Total expenses _ 1 2,068.67
Net earned income during year 18,072.80
Balance of profits at beginning of year 14,367.19
Total profits $ 32,439.99
Deduct profits paid to shareholders 16, 215. 36
Balance of profits at close of year $ 16,224.63
Appoetionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
28
44
313
657
1 78.25
$ 3,443.00
$ 540,551.00
$ 10.11
$ 444. 69
$ 88.36
28f
55
287
144
71.75
3,946.25
568,260.00
8.50
467.49
80.25
29
106
261
131
65.25
6,916.50
906,061.50
7.03
745.38
72.28
29i
81
235
118
58.75
4,758.75
561,532.50
5.70
461.95
64.45
30
255
208
104.5
52.00
13,260.00
1,385,670.00
4.47
1,139.94
56.47
30i
129
182
91.5
45.50
5,869.50
537,059.25
3.42
441.82
48.92
31
228
156
78.5
39.00
8,892.00
698,022.00
2.51
574.25
41.51
3U
202
130
65.5
32.50
6,565.00
430,007.50
1.75
353.75
34.25
32
631
104
52.5
26.00
16,406.00
861,315.00
1.12
708.57
27.12
32J.-...__
547
78
39.5
19.50
10,666.50
421,326.75
.63
346.61
20.13
33
1,318
52
26.5
13.00
17,134.00
454,051.00
.28
373.53
13.28
33i
966
26
13.5
6.50
6,279.00
84,768.50
.07
69.74
6.57
Building and Loan Associations
67
MUTUAL BUILDING AND LOAN ASSOCIATION
OF LENOIR, N. C.
Incorporated 1912. Commenced business July, 1912
President W. J. Lenoir Lenoir, N. C.
Vice-President K. A. Link Lenoir, N. C.
Secretary-Treasurer E. F. Allen Lenoir, N. C.
Attorneys Mark Sqires and J. T. Pritchett Lenoir, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 14,469.39
Fines received during year 338.85
Fees received during year 798.00
■ $ 15,606.24
Adjustment, due book 14.24
Total earned income during year $ 15, 620. 48
Expenses
Total expenses $ 1 , 560 . 63
Net earned income during year 14,059.85
Balance of profits at beginning of year 10,402.32
Total profits $ 24,461.17
Deduct profits paid or credited during year on prepaid stock S 5,846.76
Deduct profits paid during the year on stock withdrawn 1,404.12
Deduct profits paid or credited during year on matured stock 650.00
7,900.88
Balance of profits at close of year $ 16,561.29
Apportionment of Profits to December SI, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
6
70
313
157
$ 78.25
$ 5,477.50
$ 16,537.78
$ 14.30
$ 1,002.57
$ 92.55
7
4
287
144
71.75
287.00
794.77
12.27
48.18
84.02
8
111
261
131
65.25
7,242.75
18,246.07
10.06
1,106.14
75.31
9
64
235
118
58.75
3,760.00
8,532.29
8.07
517.25
66.82
10
142
209
105
52.25
7,419.50
14,981.57
6.44
908.24
58.69
11
106
183
92
45.75
4,849.50
8,579.85
4.90
520.14
50.65
12
168
156
78.5
39.00
6,552.00
9,891.00
3.63
599.62
42.63
13
97
130
65.5
32.50
3,152.50
3,970.89
2.42
240.73
34.92
14
369
104
52.5
26.00
9,594.00
9,686.25
1.56
587.21
27.56
15
637
78
39.5
19.50
12,421.50
7,435.24
.70
572.02
20.20
16
975
52
26.5
13.00
12,675.00
6,459.38
.51
391.59
13.51
17
866
26
13.5
6.50
5,629.00
1,460.94
.09
88.59
6.59
68
Building and Loan Associations
LEXINGTON HOME BUILDING AND LOAN ASSOCIATION
OF LEXINGTON, N, C.
Incorporated 1914. Commenced business January 1, 1915
President Wade H. Phillips ...Lexington, N. C.
Vice-President R. L. Reynolds Lexington, N. C.
Secretary-Treasurer Jas. E. Williams Lexington, N. C.
Attorney P. V. Critcher Lexington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,558.50
Fees received during year 169.25
Total earned income during year $ 1,727.75
Expenses
Interest paid on borrowed money $ 447.26
Total expenses 257.00
$ 704.26
Net earned income during year 1,023.49
Balance of profits at beginning of year 1,548.02
Total profits $ 2,571.51
Balance of profits at close of year $ 2,571.51
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
82
72
36.5
$ 72.00
1 5,904.00
$ 215,496.00
$ 13.89
$ 1,139.61
$ 85.89
2
58
60
30.5
60.00
3,480.00
106,140.00
9.67
561.30
69.67
4
60
48
24.5
48.00
2,880.00
70,560.00
6.21
373.14
54.21
5
43
36
18.5
36.00
1,548.00
28,638.00
3.52
151.45
39.52
6
108
24
12.5
24.00
2,592.00
32,400.00
1.58
171.34
25.58
7..
52
18
9.5
18.00
936.00
8,892.00
.90
47.03
18.90
8
237
12
6.5
12.00
2,844.00
18.486.00
.42
97.76
12.42
9
269
6
3.5
6.00
1,614.00
5,649.00
.11
29.88
6.11
Building and Loan Associations
69
PERPETUAL BUILDING AND LOAN ASSOCIATION
OF LEXINGTON, N. C.
Incorporated 1908. Commenced business 1910
President S. E. Williams Lexington, N. C-
Vice-President G. W. Montcastle Lexington, N. C-
Secretary-Treasurer Chas. E. McCeary Lexington, N. C-
Attorneys Roper & Roper Lexington, N. C-
Gain and Loss Statement
Income
Interest on loans received during year $ 13,111.25
Fines received during year 56. 25
Fees received during year 850. 25
$ 14,017.75
Deduct accrued income, last report 50.25
Total earned income during year $ 13,967.50
Expenses
Interest paid on borrowed money I 117.30
Total expenses 2, 659. 54
$ 2,776.84
Net earned income during year 11,190.66
Balance of profits at beginning of year 19,138.36
Total profits $ 30,329.02
Deduct profits paid during the year on stock withdrawn 8,024.00
Balance of profits at close of year $ 22,305.02
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
10
11.
12.
13
14.
15
16.
19
20.
21
22
194
176
160
382
150
405
296
429
257
997
659
2,129
39.5
36.5
33.5
30.5
27.5
24.5
41.5
18.5
15.5
12.5
9.5
6.5
3.5
78.00
72.00
66.00
60.00
54.00
48.00
42.00
36.00
30.00
24.00
18.00
12.00
6.00
15,132.00
12,672.00
10,560.00
22,920.00
8,100.00
19,444.00
12,432.00
15,444.00
7,710.00
23,928.00
11,862.00
25,548.00
5,916.00
49,809.
38,544.
29,480.
58,255.
18,562.
39,690.
22,274.
23,809.
9,958.
24,925.
9,390.
13,838.
1,725.
$ 16.83
14.35
12.08
9.99
8.11
6.42
3,265.01
2,526.46
1,933.40
3,818.52
1,216.77
2,601.68
1,460.06
1,560.71
652.80
1,633.83
615.56
907.11
113.11
70
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF LEXINGTON, N. C.
Incorporated 1919. Commenced business October 15, 1919
President. J. H. Greer Lexington, N. C.
Vice-Presidents J. V. Moffitt and B. H. Finch Lexington, N. C.
Secretary-Treasurer E. B. Craven Lexington, N. C.
Attorney L. A. Martin .Lexington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1 , 628. 94
Fines received during year .30
Fees received during year 339.50
5
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans at this date
1,968.74
119.56
Balance S 1,849.18
Add accrued income at this date 9.70
Total earned income during year $ 1,858.?
Expenses
Interest paid on borrowed money $ 20.52
Earned discount on prepaid stock 7.20
Total expenses 283.10
Net earned income during year
Balance of profits at beginning of year
-$ 310.82
1,548.06
80.84
Total profits . $ 1,628.90
Deduct profits paid or credited during year on dividend-bearing
stock $ 556.53
Deduct profits paid during the year on stock withdrawn 50.00
606.53
Balance of profits at close of year $ 1,022.37
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
«
Per
Share
Per Series
Per
Share
Per Series
1
723
15
8
$ 15.00
$ 10,845.00
S 86,960.00
$ 0.72
S 521.76
$ 15.72
2
821
12
6.5
12.00
9,852.00
64,038.00
.47
384.23
12.47
3
369
6
3.5
6.00
2,214.00
7,749.00
.12
46.49
6.12
Building and Loan Associations
Yl
LINCOLNTON BUILDING AND LOAN ASSOCIATION
OF LINCOLNTON, N. C.
Incorporated August, 1904. Commenced business August, 1904
President I. R. Self Lincolnton, N. C.
Vice-President- M. M. Rudisill Lincolnton, N. C.
Secretary-Treasurer V. M. Ramseur Lincolnton, N. C.
Attorney ^^..-W. H. Childs Lincolnton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year I 5,551.08
Fines received during year 86.75
Fees received during year 391.90
$ 6,029.73
Deduct accrued income, last report -- 152.91
Balance $ 5,876.82
Add accrued income at this date : 352.55
Total earned income during year $ 6,229.37
Expenses
Interest paid on borrowed money $ 335.96
Total expenses 1 , 139. 62
$ 1,475.58
Net earned income during year 4,753.79
Balance of profits at beginning of year 8,404.10
Total profits $ 13,157.89
Deduct profits paid during the year on stock withdrawn $ 185.25
Deduct profits paid or credited during year on matured stock 2,632.50
2,817.75
Balance of profits at close of year $ 10,340.14
Apportionment of Pkofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
21
108
330
165.5
S 82.50
$ 8,910.00
,11,474,605.00
$ 15.84
$ 1,710.88
$ 98.34
22
86
304
152.5
76.00
6,536.00
996,740.00
13.44
1,156.45
89.44
23
105
278
139.5
69.50
7,297.50
1,018,001.25
11.24
1,181.11
80.74
24
103
252
126.5
63.00
6,489.00
820,858.50
9.24
952.38
72.24
25
106
226
113.5
56.50
5,989.00
679,751.50
7.44
788.67
63.94
26
258
200
100.5
50.00
12,900.00
1,296,450.00
5.83
1,504.18
55.83
27
65
174
87.5
43.50
2,827.50
247,406.25
4.41
287.05
47.91
28
166
148
74.5
37.00
6,142.00
457,579.00
3.19
530.90
40.19
29
180
121
66
30.25
5,445.00
359,370.00
2.31
416.95
32.56
30
612
96
48.5
24.00
14,688.00
712,368.00
1.35
826.51
25.35
31
546
69
35
17.25
9,418.50
329,647.50
.70
382.47
17.95
32
838
43
22
10.75
9,008.50
198,187.00
.27
229.94
11.03
33
453
17
9
4.25
1,925.25
17,327.00
.04
20.10
4.29
72
Building and Loan Associations
PEOPLES HOME BUILDING AND LOAN ASSOCIATION
OF LINCOLNTON, N. C.
Incorporated September, 1909. Commenced business October, 1909
President R. S. Reinhardt Lincolnton, N. C.
Vice-President Jos. B. Johnston Lincolnton, N. C.
Secretary-Treasurer J. W. Mullen Lincolnton, N. C.
Attorney R. J. Mauser Lincolnton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,477.76
Fines received during year 137.43
Fees received during year 120.50
$ 2,735.69
Deduct accrued income, last report 428.74
Balance $ 2,306.95
Add accrued income at this date J 709.63
Total earned income during year $ 3,016.58
Expenses
Interest paid on borrowed money S 148.38
Total expenses 506. 42
$ 654.80
Net earned income during year 2,361.78
Balance of profits at beginning of year 3,834.72
Total profits $ 6,196.50
Deduct profits paid during the year on stock withdrawn $ 72.00
Deduct profits paid or credited during year on matured stock 1,673.75
1,745.75
Balance of profits at close of year 4,450.75
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
11
37
326
163.5
1 81.50
$ 3,015.50
S 493,034.25
$ 13.92
$ 514.95
$ 95.42
12
40
300
150.5
75.00
3,000.00
450,500.00
11.72
470.52
86.76
13
23
274
137.5
68.50
1,575.50
216,631.25
9.84
226.36
78.34
14
118
248
124.5
62.00
7,316.00
910,842.00
8.06
951.32
70.06
15
29
221
111
55.25
1,602.25
177,849.75
6.40
185.75
61.65
16
64
195
98
48.75
3,120.00
305,760.00
4.98
319.35
53.73
17
71
169
85
42.25
2,999.75
254,978.75
3.74
266.20
45.99
18
121
143
72
35.75
4,325.75
311,544.00
2.68
325.39
38.43
19
57
117
59
29.25
1,667.25
98,367.75
1.80
102.74
31.05
20
204
91
46
22.75
4,641.00
213,486.00
1.09
222.97
23.84
21
164
65
33
16.25
2,665.00
87,945.00
.56
91.85
16.81
22
301
39
20
9.75
2,934.75
58,695.00
.20
61.30
9.95
23
102
13
7
3.25
331.50
2,320.50
.02
2.42
3.27
Building and Loan Associations
73
ROBESON BUILDING AND LOAN ASSOCIATION
OF LUMBERTON, N. C.
Incorporated January 9, 1910. Commenced business February 5, 1910
President K. M. Biggs Lumberton, N. C.
Vice-President F. P. Gray Lumberton, N. C.
Secretary-Treasurer Geo. M. Whitfield Lumberton, N. C.
Attorney Junius J. Goodwin Lumberton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,659.88
Fees received during year 129.75
$ 1,789.63
Deduct accrued income, last report 502.43
P Balance ■- $ 1,287.20
Add accrued income at this date 29.00
Total earned income during year $ 1,316.20
Expenses
Interest paid on borrowed money $ 214.45
Total expenses 846.30
$ 1,060.75
Net earned income during year 255.45
Balance of profits at beginning of year 3,436.49
Total profits : I 3,691.94
Deduct profits paid or credited during year on matured stock 2,471.75
Balance of profits at close of year $ 1,220.69
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
10
3
339
170
$ 84.75
$ 254.25
$ 43,222.50
$ 9.30
$ 27.92
$ 94.05
13
58
261
131
65.25
3,784.50
495,769.50
5.32
308.75
70.60
14
134
235
118
58.75
7,872.50
928,955.00
4.31
578.52
63.06
15
45
208
104.5
52.00
2,340.00
244,530.00
3.36
151.28
55.36
16
15
178
89.5
44.50
667.50
59,741.25
2.48
37.20
46.98
17
25
156
78.5
39.00
975.00
76,537.50
1.91
47.66
40.91
18
90
52
26.5
13.00
1,170.00
31,005.00
.21
19.32
13.21
19
385
26
13.5
6.50
2,502.50
33,783.75
.06
21.04
6.56
74
Building and Loan Associations
MADISON BUILDING AND LOAN ASSOCIATION
OF MADISON, N. C.
Incorporated 1916. Commenced business 1916
President Nat M. Pickett Madison, N. C.
Vice-President H. N. Binford Madison, N. C.
Secretary-Treasurer V. H. Idol Madison, N. C.
Attorney J. C. Brown Madison, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,497.00
Fines received during year 17.60
Fees received during year 40.00
Total earned income during year 2,554.60
Expenses
Interest paid on borrowed money $ 107.19
Earned discount on prepaid stock 175.00
Total expenses 433.95
— $ 542.89
Net earned income during year 2,011.71
Balance of profits at beginning of year 2, 113.06
Total profits $ 4,124.77
Deduct profits paid or credited during year on prepaid stock 40.00
Balance of profits at close of year $ 4,084.77
Appoetionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
304
57
29
$ 57.00
$ 17,328.00
$ 502,512.00
$ 6.60
$ 2,024.37
$ 63.60
2
195
50
25.5
50.00
9,750.00
248,625.00
5.28
1,001.59
55.28
3
111
45
23
45.00
4,995.00
114,885.00
4.13
462.81
49.13
4
69
39
20
39.00
2,691.00
53,820.00
3.26
216.81
42.26
5
130
27
14
27.00
3,510.00
49,140.00
1.51
197.96
28.51
6
138
21
11
21.00
2,898.00
31,878.00
.92
128.43
21.92
7
49
15
8
15.00
735.00
5,880.00
.48
23.69
15.48
8
133
9
5
9.00
1,197.00
5,985.00
.18
24.11
9.18
Building and Loan Associations
75
NEW HOME BUILDING AND LOAN ASSOCIATION
OF MAIDEN, N. C.
Incorporated
Commenced business
President B. M. Spratt, Jr Maiden, N. C.
Vice-President G. E. Mauney Maiden, N. C.
Secretary-Treasurer E. G. Mauney Maiden, N. C.
Attorney W. C. Femster Newton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,609.43
Total earned income during year $ 1,609.43
Expenses
Interest paid on borrowed money $ 336.81
Total expenses 136.09
$ 472.90
Net earned income during year 1,136.53
Balance of profits at beginning of year . 1,713.89
Total profits . $ 2,850.42
Deduct profits paid or credited during year on prepaid stock $ 208.09
Deduct profits paid or credited during year on matured stock 305.00
— 513.09
Balance of profits at close of year $ 2,337.33
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
7
8
9
10
11
12
13
14
15
16
15
64
36
83
18
39
19
74
96
249
121
313
261
235
208
182
156
130
104
78
52
26
157
131
118
104.5
91.5
78.5
65.5
52.5
39.5
26.5
13.5
78.25
65.25
58.75
52.00
45.50
39.00
32.50
26.00
19.50
13.00
6.50
1,173.75
4,176.00
2,115.00
4,316.00
819.00
1,521.00
617.50
1,924.00
1,872.00
3,237.00
786.50
3,543.81
10,520.26
4,799.41
8,673.50
1,441.12
2,296.12
777.80
1,942.50
1,421.95
1,649.62
204.13
222.25
$ 93.07
659.76
75.56
300.98
67.11
543.94
58.55
90.38
50.52
144.00
42.69
48.78
35.07
121.82
27.65
89.17
20.43
103.45
13.42
12.80
6.61
76
Building and Loan Associations
McDowell building and loan association
OF MARION, N. C.
Incorporated July 1, 1904. Commenced business October 1, 1904
President Thos. Morris Marion, N. C.
Vice-President R. F. Burton Marion, N. C.
Secretary-Treasurer J. E. Neal Marion, N. C.
Attorney D. E. Hudgins. Marion, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8, 174.98
Fines received during year 16.50
Fees received during year 425. 10
$ 8,616.58
Deduct accrued income, last report 84.50
Balance $ 8,532.08
Add accrued income at this date 69.50
Add other income 198.67
Total earned income during year $ 8, 800. 25
Expenses
Interest paid on borrowed money $ 403.78
Total expenses 1 , 042 . 09
$ 1,445.87
Net earned income during year 7,354.38
Balance of profits at beginning of year 15,014.38
Total profits $ 22,368.76 ,
Deduct profits paid during the year on stock withdrawn I 1,294.64
Deduct profits paid or credited during year on matured stock 8,097.30
9,391.94
Balance of profits at close of year $ 12,976.82
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
20
164
78
39.5
$ 78.00
$ 12,792.00
$ 505,284.00
$ 15.81
$ 2,594.14
$ 93.81
21
82
72
36.5
72.00
5,904.00
215,496.00
13.49
1,106.36
85.49
22
62
66
33.5
66.00
4,092.00
137,082.00
11.35
703.78
77.35
23
260
60
30.5
60.00
15,600.00
475,800.00
9.40
2,442.77
69.40
24
1V2
54
27.5
54.00
9,288.00
255,420.00
7.62
1,311.33
61.62
25
166
48
24.5
48.00
7,968.00
195,216.00
6.03
1,002.24
54.03
26
201
42
21.5
42.00
8,442.00
181,503.00
4.53
931.84
46.53
27
226
36
18.5
36.00
8,136.00
142,380.00
2.29
730.98
39.32
28
190
30
15.5
30.00
5,700.00
88,350.00
1.46
453.59
32.29
29
411
24
12.5
24.00
9,864.00
123,300.00
.82
633.03
25.46
30
696
18
9.5
18.00
12,528.00
119,016.00
.36
611.03
18.82
31
794
12
6.5
12.00
9,528.00
61,932.00
.09
317.98
12.36
32
633
6
3.5
6.00
3,798.00
13,293.00
68.25
6.09
Building and Loan Associations
77
HOME BUILDING AND LOAN ASSOCIATION
OF MAXTON, N. C.
Incorporated October, 1919. Commenced business January 1, 1920
President Lacy Williams Maxton, N. C.
Vice-President- J. W. Carter Maxton, N. C.
Secretary-Treasurer J. E. Carpenter Maxton, N. C.
Attorney J. E. Carpenter Maxton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 496. 79
Fines received during year 9.00
Fees received during year 320.50
Total earned income during year $
Expenses
Interest paid on borrowed money $ 96.64
Total expenses 408.87
826.29
505.51
Balance of profits at close of year $ 320.78
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
896
290
52
26
26.5
13.5
$ 13.00
6.50
$ 11,684.00
1,885.00
$ 309,626.00
25,447.50
$ 3.30
.84
$ 296.42
24.36
1 16.30
7.34
78
Building and Loan Associations
MOORESVILLE BUILDING AND LOAN ASSOCIATION
OF MOORESVILLE, N. C.
Incorporated 1903. Commenced business May 1, 1903
President Geo. C. Goodman Mooresville, N. C.
Vice-President J. P. Mills Mooresville, N. C.
Secretary-Treasurer E. C. Deaton Mooresville, N. C.
Assistant Secretary-Treasurer A. W. Colson Mooresville, N. C.
Attorney Z. V. Turlington Mooresville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5,532.35
Fines received during year 22.04
Fees received during year 815.75
1 6,370.14
Deduct accrued income, last report 3,831.97
Balance $ 2,538.17
Add accrued income at this date 2,500.40
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 489.02
Total earned income during year $ 5,527.59
Expenses
Interest paid on borrowed money $ 1,538.88
Total expenses 2,450.74
S 3,989.62
Net earned income during year 1,537.97
Balance of profits at beginning of year 3,022.14
Total profits $ 4,560.11
Deduct profits paid during the year on stock withdrawn $ 191.25
Deduct profits paid or credited during year on matured stock 1,123.50
— $ 1,314.75
Balance of profits at close of year $ 3,245.36
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
24
24
321
161
$ 80.25
$ 1,926.00
$ 310,086.00
$ 12.55
$ 301.21
$ 92.80
25
38
296
148.5
74.00
2,812.00
417,582.00
10.67
405.63
84.67
26
30
269
135
67.25
2,017.50
272,362.50
8.81
264.57
76.06
27
46
243
122
60.75
2,794.50
340,929.00
7.19
331.17
67.94
28
41
217
109
54.25
2,224.25
242,443.25
5.74
235.50
59.99
29
7
191
96
47.75
334.25
32,088.00
4.45
31.17
52.20
30
62
165
83
41.25
2,557.50
212,272.50
3.32
206.20
44.57
31
152
139
70
34.75
5,282.00
369,740.00
2.36
359. 15
37.11
32
110
113
57
28.25
3,107.50
177,127.50
1.56
172.06
29.81
33
180
87
44
21.75
3,915.00
172,260.00
.93
167.33
22.68
34
329
61
31
15.25
5,017.25
155,534.75
.45
151.08
15.70
35
1,490
52
26.5
13.00
19,370.00
513,305.00
.33
498.61
13.33
36
414
39
20
9.75
4,036.50
80,730.00
.18
78.42
9.93
37
381
26
13.5
6.50
2,476.50
33,432.75
.08
32.48
6.58
38
446
13
7
3.25
1,449.50
10,146.50
.02
9.84
3.27
Building and Loan Associations
79
MOREHEAD CITY BUILDING AND LOAN ASSOCIATION
OF MOREHEAD CITY, N. C.
Incorporated August 29, 1918. Commenced business September 1, 1918
President K. P. B. Bonner Morehead City, N. C.
Vice-President T. C. Wade Morehead City, N. C.
Secretary-Treasurer Jas. B. Long Morehead City, N. C.
Attorney E. H. Gorham Morehead City, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 909.87
Fines received during year 39.25
Fees received during year 111.75
■$ 1,060.87
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 4.00
Balance - . S 1,056.87
Add accrued income at this date 119.50
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 60.00
Inventory of stationery 100.00
Total earned income during year $ 1, 336. 37
Expenses
Interest paid on borrowed money $ 29.28
Total expenses 313.95
$ 343.23
Net earned income during year 993. 14
Balance of profits at beginning of year 51.61
Balance of profits at close of year $ 1,044.75
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
422
121
77
$ 0.25
$ 12,765.50
$ 13,467.48
$ 1.66
$ 701.98
$ 31.91
2
83
104
76
.25
2,158.00
2,276.67
1.43
118.67
27.43
3
88
78
76
.25
1,716.00
1,810.36
1.07
94.36
20.57
4
92
52
76
.25
1,196.00
1,261.76
.71
65.76
13.71
5
179
26
76
.25
1,163.50
1,227.48
.35
63.98
6.85
80
Building and Loan Associations
MORGANTON BUILDING AND LOAN ASSOCIATION
OF MORGANTON, N. C.
Incorporated March 24, 1903. Commenced business April 1, 1903
President W. C. Ervin Morganton, N. C.
Vice-President I. P. Jeter Morganton, N. C.
Secretary-Treasurer E. B. Claywell Morganton, N. C.
Attorney Avery & Harfield Morganton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
6,931.16
232.55
339.10
7,502.81
1,667.53
Deduct accrued income, last report
Balance - $ 5,835.28
Add accrued income at this date 1,701.87
Total earned income during year $ 7,537.15
Expenses
Interest paid on borrowed money $ 331.25
Total expenses 1,019.(
-.$ 1,350.31
Net earned income during year 6,186.84
Balance of profits at beginning of year 13,595.36
Total profits - $ 19,762.20
Deduct profits paid or credited during year on prepaid stock $ 132.40
Deduct profits paid during the year on stock withdrawn 401.50
Deduct profits paid or credited during year on matured stock 5,270.00
5,803.90
Balance of profits at close of year $ 13,958.30
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
12
276
81
41
$ 81.00
$ 22,356.00
$ 916,596.00
$ 13.59
$ 3,752.48
$ 94.59
13
209
69
35
69.00
14,421.00
504,735.00
9.88
2,066.35
78.88
14
336
57
29
57.00
19,152.00
555,408.00
6.76
2,273.80
63.76
15
509
45
23
45.00
22,905.00
526,815.00
4.23
2,156.74
49.23
16
383
33
17
33.00
12,639.00
214,863.00
2.29
879. 63
35.29
17
936
21
11
21.00
19,656.00
216,216.00
.94
885.17
21.94
18
1,315
9
5
9.00
11,835.00
59,175.00
.18
242.26
9.18
Building and Loan Associations
81
PEOPLES BUILDING AND LOAN ASSOCIATION
OF MONROE, N. C.
Incorporated October, 1908. Commenced business 1908
President W. B. Brown Monroe, N. C.
Vice-President Hargrove Bowles .-.Monroe, N. C.
Secretary-Treasurer S. E. Haigler Monroe, N. C.
Attorney W. B. Love Monroe, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,259.45
Fees received during year 181.50
$ 1,440.95
Deduct accrued income, last report 365.00
Balance $ 1,075.95
Add accrued income at this date 292.50
Short and over 1.70
Total earned income during year $ 1,370.15
Expenses
Interest paid on borrowed money $ 97.86
Total expenses 1,006.77
$ 1,104.63
Net earned income during year 265.52
Balance of profits at beginning of year 1,210.22
Total profits $ 1,475.74
Deduct profits paid during the year on stock withdrawn $ 362.71
Deduct profits paid or credited during year on matured stock 381.25
743.96
Balance of profits at close of year $ 731.78
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits'
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
13
10
321
161
$ 80.25
$ 802.50
$ 2,484.66
$ 6.96
$ 872.07
$ 69.57
14
22
296
148.5
74.00
1,628.00
4,649.19
5.92
1,758.25
130.25
15
18
269
135
67.25
1,210.50
3,142.64
4.88
1,298.49
87.99
16
15
243
122
60.75
911.25
2,137.93
3.99
971.11
59.86
18
15
191
96
47.75
716.25
1,322.31
2.47
753.27
37.02
19
27
165
83
41.25
1,113.75
1,777.71
1.84
1,163.53
49.78
20
56
139
70
34.75
1,946.00
2,619.61
1.31
2,019.35
73.35
21
35
113
57
28.25
988.75
1,083.82
.87
1,019.10
30.35
22
132
87
44
21.75
2,871.00
2,429.31
.52
2,939.02
68.02
23
471
61
31
15. 25
7,182. 75
4,282.02
.25
7,302.65
119.90
24
30
35
18
8.75
262.50
90.86
.08
265.04
2.54
25
651
8
4.5
2.00
1,302.00
112.67
.00
1,305.15
3.15
6
82
Building and Loan Associations
MORVEN BUILDING AND LOAN ASSOCIATION
OF MORVEN, N. C.
Incorporated July, 1912. Commenced business July 1, 1912
President. T. V. Hardison Morven, N. C.
Vice-President W. E. Pennington Morven, N. C.
Secretary-Treasurer H. G. Huntley Morven, N. C.
Attorneys Robinson, Caudle & Pruett Wadesboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 521.63
Fees received during year 43.00
Total earned income during year $ 564.63
Expenses
Interest paid on borrowed money $ 291.77
Total expenses 160.56
— S 452.33
Net earned income during year 112.30
Balance of profits at beginning of year 2,073.27
Total profits - $ 2,185.57
Deduct profits paid during the year on stock withdrawn I 9. 75
Deduct profits paid or credited during year on matured stock 1,724.08
1,733.83
Balance of profits at close of year $ 451.74
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
3
18
90
45.5
$ 90.00
$ 1,620.00
$ 73,710.00
S 10.64
$ 191.63
1 100.64
5
1
66
33.5
66.00
66.00
2,211.00
5.75
5.75
71.75
6
17
60
30.5
60.00
1,020.00
31,110.00
4.78
80.88
64.78
7
22
54
27.5
54.00
1,188.00
32,670.00
3.86
84.94
57.86
8
16
42
21.5
42.00
672.00
14,448.00
2.34
37.56
44.34
9
10
36
18.5
36.00
360.00
6,660.00
1.73
17.32
37.73
10
20
24
12.5
24.00
480.00
6,000.00
.78
15.60
24.78
11
12
18
9.5
18.00
216.00
2,052.00
.44
5.33
• 18.44
12
56
12
6.5
12.00
672.00
4,368.00
.20
11.36
12.20
13
25
6
3.5
6.00
150.00
525.00
.05
1.37
6.05
Building and Loan Associations
83
WORKMEN'S BUILDING AND LOAN ASSOCIATION
OF MOUNT AIRY, N. C.
Incorporated 1910. Commenced business May, 1910
President W. G. Sydnor Mount Airy, N. C.
Vice-President John Banner Mount Airy, N. C.
Secretary-Treasurer M. H. Sparger Mount Airy, N. C.
Attorney W. F. Carter Mount Airy, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 9,371.93
Fines received during year 24. 15
Fees received during year 461.85
Total earned income during year $ 9,857.93
Expenses
Interest paid on borrowed money $ 527. 19
Total expenses 2, 144. 16
$ 2,671.35
Net earned income during year 7,186.58
Balance of profits at beginning of year 15,774.79
m Total profits - $ 22,961.37
Deduct profits paid during the year on stock withdrawn $ 513.50
Deduct profits paid or credited during year on matured stock 6,126.75
6,640.25
Balance of profits at close of year $ 16,321. 12
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
10
116
313
157
$ 78.25
$ 9,077.00
$1,425,089.00
.1 15.52
$ 1,799.65
$ 93.77
11
207
288
144.5
72.00
14,904.00
2,153,628.00
13.13
2,719.67
85.13
12
237
261
131
65.25
15,464.25
2,025,816.75
10.79
2,558.26
76.04
13
295
235
118
58.75
17,331.25
2,045,087.50
7.25
2,582.60
66.00
14
387
209
105
52.25
20,220.75
2,123,178.75
6.92
2,681.22
59.17
15
152
181
91
45.75
6,954.00
632,814.00
5.25
799.14
51.00
16
277
157
79
39.25
10,872.25
858,907.75
3.91
1,084.66
43.16
17
119
131
66
32.75
3,897.25
257,218.50
2.72
324.82
35.47
18
233
105
53
26.25
6,116.25
324,161.25
1.75
409.36
28.00
19
801
79
40
19.75
15,819.75
632,790.00
.99
799.10
20.74
20
944
53
27
13.25
12,508.00
337,716.00
.45
426.48
13.70
21
1,141
27
14
6.75
7,701.75
107,824.50
.11
136.16
6.86
84
Building and Loan Associations
PEOPLES MUTUAL BUILDING AND LOAN ASSOCIATION
OF MOUNT GILEAD, N. C.
Incorporated February, 1914. Commenced business April 11, 1914
President O. C. Burton Mount Gilead, N. C.
Vice-President R. E. Andrews Mount Gilead, N. C.
Secretary-Treasurer Walter Haywood Mount Gilead, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,533.22
Fines received during year 234.50
Fees received during year 153.70
$ 1,921.42
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 25.00
Balance $ 1,896.42
Add accrued income at this date 807.59
Tax refund 1.00
Total earned income during year $
Expenses
Interest paid on borrowed money $ 500. 66
Earned discount on prepaid stocK 4.29
Total expenses - 423.14
S 928.09
Net earned income during year.. 1,676.92
Balance of profits at beginning of year 3,191.63
Total profits $ 4,868.55
Deduct profits paid during the year on stock withdrawn $ 435.82
Deduct profits paid or credited during year on matured stock 2,692.46
3,128.28
Balance of profits at close of year $ 1,740.27
Building and Loan Associations
85
MOUNT HOLLY BUILDING AND LOAN ASSOCIATION
OF MOUNT HOLLY, N. C.
Incorporated September 14, 1908. Commenced business October 3, 1908
President O. L. Hoffman Mount Holly, N. C.
Vice-President T. M. McCoy Mount Holly, N. C.
Secretary-Treasurer J. A. Costner Mount Holly, N. C.
Attorney O. F. Mason Gastonia, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,822.84
Fees received during year 172. 75
-$ 1,995.59
81.68
Deduct accrued income, last report
Balance - $ 1,913.91
Add accrued income at this date 233.59
Total earned income during year $ 2, 147. 50
Expenses
Interest paid on borrowed money $ 5.00
Total expenses 519.54
Net earned income during year
Balance of profits at beginning of year
-$ 524.54
1,622.96
3,069.42
Total profits $ 4,692.38
Deduct profits paid during the year on stock withdrawn $ 96.00
Deduct profits paid or credited during year on matured stock 697.75
793. 75
Balance of profits at close of year $ 3,898.63
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
8
57
300
150
$ 75.00
$ 4,275.00
$ 643,387.50
$ 16.00
$ 855.92
$ 91.00
9
84
248
124
62.00
5,208.00
648,396.00
10.94
862.58
72.94
10
119
196
98
49.00
5,831.00
574,353.50
6.83
764.08
55.83
11
152
144
72
36.00
5,472.00
396,720.00
3.69
527.77
39.69
12
362
91
46
22.75
8,235.50
378,833.00
1.47
503.97
24.22
13
581
39
20
9.75
5,664.95
113,295.00
.27
150.72
10.02
86
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF NEW BERN, N. C.
Incorporated February 26, 1908. Commenced business April 1, 1908
President Wm. Dunn New Bern, N. C.
Vice-Presidents . T. A. Uzzell and E. C. Aemsteong New Bern, N. C.
Secretary-Treasurer W. H. Henderson New Bern, N. C.
Attorney Wm. Dunn, Jr New Bern, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4,402.80
Fees received during year 177.25
$ 4,580.05
Deduct accrued income, last report 476.50
Balance $ 4,103.55
Add accrued income at this date 222.50
Add other income 166. 18
Total earned income during year 4,492.23
Expenses
Interest paid on borrowed money $ 327.40
Total expenses 1 , 091 . 40
$ 1,418.80
Net earned income during year 3,073.43
Balance of profits at beginning of year 4,659.28
Total profits $ 7,732.71
Deduct profits paid during the year on stock withdrawn $ 1,270.85
Deduct profits paid or credited during year on matured stock 170.00
1,440.85
Balance of profits at close of year $ 6,291.86
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
22
284
69
35
$ 69.00
$ 19,596.00
$ 685,860.00
$ 8.22
$ 2,335.21
$ 77.22
23
180
63
32
63.00
11,340.00
362,880.00
6.86
1,235.53
69.86
24
74
57
29
57.00
4,218.00
122,322.00
5.63
416.48
62.63
25
122
51
26
51.00
6,222.00
161,772.00
4.51
550.80
55.51
26
64
45
23
45.00
2,880.00
66,240.00
3.52
225.53
48.52
27
171
39
20
39.00
6,669.00
133,380.00
2.66
454.13
41.66
28
197
33
17
33.00
6,501.00
110,517.00
1.91
376.31
34.91
29
153
27
14
27.00
4,131.00
57,834.00
1.28
196.92
28.28
30
433
21
11
21.00
9,093.00
100,023.00
.79
340.58
21.79
31
219
15
8
15.00
3,285.00
26,280.00
.41
89.48
15.41
32
427
9
5
9.00
3,843.00
19,215.00
.15
65.42
9.15
33
268
3
2
3.00
804.00
1,608.00
.02
5.47
3.02
Building and Loan Associations
87
NEW BERN BUILDING AND LOAN ASSOCIATION
OF NEW BERN, N. C.
Incorporated 1887. Commenced business 1887
President E. K. Bishop New Bern, N. C.
Vice-President E. B. Hackburn New Bern, N. C.
Secretary-Treasurer John Dunn New Bern, N. C.
Attorney R. A. Nunn New Bern, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 13,223.38
Fines received during year 38.00
Fees received during year 499.50
$ 13,760.88
Deduct unpaid expenses 181.50
Balance $ 13,579.38
Add accrued income at this date 181.50
Total earned income during year $ 13,760.88
Expenses
Interest paid on borrowed money $ 1,596.13
Total expenses : 3,135.66
$ 4,731.79
Net earned income during year 9,029.09
Balance of profits at beginning of year 16,523.41
Total profits $ 25, 552. 50
Deduct profits paid or credited during year on prepaid stock $ 112.00
Deduct profits paid during the year on stock withdrawn 336. 64
Deduct profits paid or credited during year on matured stock 7,456.00
7,904.64
Balance of profits at close of year $ 17,647.86
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
45
82
81
42
$ 81.00
$ 6,642.00
$ 278,960.00
$ 13.72
$ 1,125.78
$ 94.72
46
52
75
38
75.00
3,900.00
148,200.00
11.50
598.09
86.50
47
285
69
35
69.00
19,665.00
688,275.00
9.75
2,777.60
78.75
48
233
63
32
63.00
14,679.00
469,728.00
8.13
1,895.64
71.13
49
305
57
29
57.00
17,385.00
504,165.00
6.67
2,034.62
63.67
50
416
51
26
51.00
21,216.00
551,616.00
5.35
2,226.11
56.35
51
480
45
22
45.00
21,600.00
475,200.00
4.00
1,917.72
49.00
52
277
39
20
39.00
10,803.00
216,060.00
3.15
871.93
42.15
53
620
33
17
33.00
20,460.00
347,820.00
2.26
1,403.67
35.26
54
503
27
14
27.00
13,581.00
190,134.00
1.52
767.31
28.52
55
412
21
11
21.00
8,652.00
95,172.00
.93
384.08
21.93
56
1,155
15
8
15.00
17,325.00
138,600.00
.48
559.34
15.48
57
498
12
6.5
12.00
5,976.00
38,844.00
.31
156.76
12.31
58
932
9
5
9.00
8,388.00
41,940.00
.18
169.25
9.18
59
653
3
2
3.00
1,959.00
3,918.00
15.81
88
Building and Loan Associations
CITIZENS BUILDING AND LOAN ASSOCIATION
OF NEWTON, N. C.
Incorporated December, 1904. Commenced business December, 1904
President John P. Yount Newton, N. C.
Vice-President J. A. Gaither Newton, N. C.
Secretary-Treasurer D. B. Gaither Newton, N. C.
Attorney W. B. Gaither Newton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 14,518.49
Fines received during year 386.75
Fees received during year 808.55
$ 15,713.79 ,
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 325.88
Deduct accrued income, last report 118. 72
444.60
Balance $ 15,269.19
Add accrued income at this date—. 126.37
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 187.88
Miscellaneous interest 7.54
Total earned income during year $ 15,590.98
Expenses
Interest paid on borrowed money $ 320.06
Earned discount on prepaid stock 219. 18
Total expenses 2,142.94
$ 2,682.18
Net earned income during year 12,908.80
Balance of profits at beginning of year 22,393.87
Total profits.- S 35,302.67
Deduct interest paid advance December 31, 1919, on borrowed
money $ 3.65
Deduct profits paid or credited during year on matured stock 8,375.00
8,378.65
Balance of profits at close of year I 26,924.02
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
21
289
313
157
$ 78.25
$ 22,614.25
$3,550,437.25
$ 16.12
$ 4,661.15
$ 94.47
22
328
287
144
71.75
23,534.00
3,388,896.00
13.56
4,449.07
85.31
23
351
261
131
65.25
22,902.75
3,000,260.25
11.22
3,938.86
76.47
24
307
235
118
58.75
18,036.25
2,128,277.50
9.10
2,794.08
67.85
25
470
208
104.5
52.00
24,440.00
2,553,980.00
7.13
3,352.96
59.13
26
309
182
91.5
45.50
14,059.50
1,286,444.25
5.46
1,688.89
50.96
27
376
156
78.5
39.00
14,664.00
1,151,124.00
4.02
1,511.24
43.02
28
403
130
65.5
32.50
13,097.50
857,886.25
3.14
1,126.27
35.64
29
707
104
52.5
26.00
18,382.00
965,055.00
1.79
1,266.96
27.79
30
1,287
78
39.5
19.50
25,096.50
991,311.75
1.01
1,301.43
20.51
31
1,231
52
26.5
13.00
16,003.00
424,079.50
.45
556.75
13.45
32
1,302
26
13.5
6.50
8,463.00
114,250.50
.12
149.99
6.62
Building and Loan Associations
89
COOPERATIVE BUILDING AND LOAN ASSOCIATION
OF norlina, n. c.
Incorporated May 22, 1913. Commenced business May 31, 1913
President H. M. Teerell Norlina, N. C.
Vice-President J. L. Overby Norlina, N. C.
Secretary-Treasurer .--R. S. Register Norlina, N. C.
Attorney T. O. Rodwell Warrenton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,330.59
Fees received during year 61.00
$ 1,391.59
Deduct accrued income, last report 65.80
Balance . $ 1,325.79
Add accrued income at this date 257.76
Total earned income during year $ 1,583.55
Expenses
Interest paid on borrowed money $ 383.53
Total expenses 244.91
$ 628.44
Net earned income during year 955. 11
Balance of profits at beginning of year 1,906.43
Total profits - - - $ 2,861.54
Deduct profits paid or credited during year on prepaid stock $ 446.88
Deduct profits paid during the year on stock withdrawn 57.80
Deduct profits paid or credited during year on matured stock 903.87
1,408.55
Balance of profits at close of year $ 1,452.99
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1*
$
$
S
$
S
$
•2t
3t
4
15
356
188.5
89.00
1,335.00
251,647.50
12.82
193.20
101.88
5
11
343
172
85.75
943.25
162,339.00
11.33
124.64
97.08
6
2
317
159
79.25
158.50
25,201.50
9.67
19.35
88.92
7
5
291
146
72.75
363.75
53,107.50
8.15
40.77
80.90
8
22
265
133
66.25
1,457.50
193,847.50
6.76
148.83
73.01
9
30
239
120
59.75
1,792.50
215,100.00
5.50
165.14
65.25
10
15
213
107
53.25
798.75
85,466.25
4.37
65.62
57.62
11
9
187
94
46.75
420.75
39,550.50
3.37
30.36
50.12
12
42
161
81
40.25
1,690.55
136,930.50
2.50
105.13
42.75
13
57
135
68
33.75
1,923.75
130,815.00
1.76
100.43
35.51
14t
15
68
83
42
20.75
1,411.00
59,262.00
.66
45.50
21.41
16
130
56
28.5
14.00
1,820.00
51,870.00
.31
39.82
14.31
17
44
30
15.5
7.50
330.00
5,115.00
.08
3.93
7.58
18
70
4
2.5
1.00
70.00
175.00
.13
*This series matured May 1, 1920.
tThis series matured July 1 , 1920.
{Withdrawn.
90
Building and Loan Associations
NORTH WILKESBORO BUILDING AND LOAN ASSOCIATION
OF NORTH WILKESBORO, N. C.
Incorporated April 11, 1903. Comnnenced business April 11, 1903
President. W. F. Trogdon North Wilkesboro, N. C.
Vice-President A. B. Johnston North Wilkesboro, N. C.
Secretary-Treasurer Clem Wrenn North Wilkesboro, N. C.
Attorney F. D. Hackett North Wilkesboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,708.71
Fines received during year 23.65
$ 1,732.36
Profits paid into eighteenth series 25. 10
Total earned income during year . $ 1,757.46
Expenses
Interest paid on borrowed money $ 484.83
Total expenses 460 . 72
$ 945.55
Net earned income during year $ 811.91
Balance of profits at beginning of year 964.66
Total profits $ 1,776.57
Deduct profits paid during the year on stock withdrawn $ 203.89
Deduct profits paid or credited during year on matured stock 300.00
503.89
Balance of profits at close of year $ 1,272.68
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
4-Week
Periods
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per •
Share
Per
Share
Per Series
Per
Share
Per Series
20
5
85
43
$ 85.00
$ 425.00
$ 18,275.00
$ 11.29
S 56.46
1 96.29
22
5
72
36.5
72.00
360.00
13,140.00
7.69
38.49
79.69
23
20
65
33
65.00
1,300.00
42,900.00
6.28
125.67
71.28
24
33
52
26.5
52.00
1,716.00
45,474.00
4.03
133.21
56.03
25
149
39
20
39.00
5,811.00
116,220.00
2.28
340.46
41.28
26
499
26
13.5
26.00
12,974.00
175,149.00
1.02
513.08
27.02
27
245
13
7
13.00
3,185.00
22,295.00
.26
65.31
13.26
Building and Loan Associations
91
NORWOOD LOAN ASSOCIATION
OF NORWOOD, N. C.
Incorporated February 28, 1920. Commenced business February 28, 1920
President C. P. Crowley Norwood, N. C.
Secretary-Treasurer... J. H. Norwood Norwood, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fees received during year
245.48
219.50
$ 464.98
245.48
Total earned income during year $ 219.50
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans
Expenses
Interest paid on borrowed money $ 78.97
Total expenses 517. 11
596. (
Balance expenses— loss I 376.58
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
662
211
44
18
22.5
9.5
$ 11.00
$
$
$
$
$
2
92
Building and Loan Associations
OXFORD BUILDING AND LOAN ASSOCIATION
OF OXFORD, N. C.
Incorporgited Commenced business April 1, 1911
President W. Z. Mitchell, Oxford, N. C.
Vice-President A. H. Powell Oxford, N. C.
Secretary-Treasurer T. C. Harris. Oxford, N. C.
Attorney B. S. Royster Oxford, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8,972. 18
Fines received during year 70. 39
Fees received during year 359. 10
Total earned income during year $ 9, 401 . 67
Expenses
Interest paid on borrowed money $ 301.20
Total expenses 1, 552. 64
$ 1,853.84
Net earned income during year 7,547.83
Balance of profits at beginning of year 11,890.38
Total profits $ 19,438.21
Deduct profits paid during the year on stock withdrawn $ 24.63
Deduct profits paid or credited during year on matured stock 4,184.25
4.208.88
Balance of profits at close of year $ 15,229.33
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
8
228
325
163
1 81.25
S 18,525.00
$3,019,575.00
$ 14.41
$ 3,286.58
$ 95.66
9
170
299
150
74.75
12,707.50
1,906,125.00
12.23
2,074.68
86.98
10
123
273
137
68.25
8,394.75
1,150,080.75
10.18
1,251.78
78.43
11
189
247
124
61.75
11,670.75
1,447,080.00
8.36
1,575.04
70.11
12
256
221
111
55.25
14,144.00
1,569,984.00
6.67
1,708.81
61.92
13
170
195
98
48.75
8,287.50
812,175.00
5.21
883.99
53.96
14
479
169
85
42.25
20,237.75
1,720,208.75
3.90
1,872.80
46.15
15
248
143
72
35.75
8,866.00
638,352.00
2.80
694.80
38.55
16
260
117
59
29.25
7,605.00
442,795.00
1.87
481.95
31.12
17
693
91
46
22.75
15,765.75
725,224.50
1.14
789. 35
23.89
18
819
65
33
16.25
13,308.75
439.188.75
.58
478.02
16.83
19
532
39
20
9.75
5,187.00
103,740.00
.21
112.92
9.96
20
771
13
7
3.25
2,505.75
17,540.25
.02
19,09
3.27
Building and Loan Associations
93
PINETOPS BUILDING AND LOAN ASSOCIATION
OF PINETOPS, N. C.
Incorporated 1916. Commenced business December 2, 1916
President Dr. A. M. Wooten Pinetops, N. C.
Vice-President W. E. Cobb Pinetops, N. C.
Secretary-Treasurer W. L. Lane Pinetops, N. C.
Attorneys John L. Bridgers & Son Tarboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fees received during ^ear
Deduct accrued income, last report
2,229.21
187.00
2,416.21
274.86
Balance $ 2,141.35
Add accrued income at this date 834.91
Total earned income during year 2,976.26
Expenses
Interest paid on borrowed money $ 261.42
Total expenses 639.98
Net earned income during year
Balance of profits at beginning of year
-$ 901.40
2,074.86
1,827.07
Total profits . . $ 3,901.93
Deduct profits paid during the year on stock withdrawn 2.53
Balance of profits at close of year $ 3,899.40
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
2
3
4
5*
434
74
152
178
213
187
161
108
107
94
81
54.5
$ 53.25
46.75
40.25
27.00
1 23,110.50
3,459.50
6,118.00
4,806.00
$2,472,823.50
325,193.00
495,558.00
261,927.00
$ 4.17
3.21
2.38
1.07
$ 1,809.30
237.94
362.59
191.65
$ 57.42
49.96
42.63
28.07
6
410
82
41.5
20.50
8,405.00
348,807.50
.62
255.21
21.12
7
584
56
28.5
14.00
8,176.00
233,016.00
.29
170.49
14.29
8
437
30
15.5
7.50
3,277.50
50,802.25
.08
37,17
7.58
9
80
4
2.5
1.00
80.00
200.00
.01
.14
1.01
*None issued.
94
Building and Loan Associations
RAEFORD BUILDING AND LOAN ASSOCIATION
OF RAEFORD, N. C.
Incorporated 1913. Commenced business October, 1913
President Harry R. Cromartie Raeford, N. C.
Vice-President R. J. Baxjcom Raeford, N. C.
Secretary-Treasurer Arthur D. Yore Raeford, N. C.
Attorney Arthur D. Yore Raeford, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,240.86
Fines received during year 13.90
Fees received during year 129.00
$ 1,383.76
Deduct accrued income, last report ^ 138.53
Balance $ 1,245.23
Add accrued income at this date 227. 75
Total earned income during year $ 1,472.98
Expenses
Interest paid on borrowed money I 143.81
Total expenses 257.50
— $ 401.31
Net earned income during year 1,071. 67
Balance of profits at beginning of year 2,504.27
Balance of profits at close of year $ 3,575.94
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
180
86
43.5
$ 86.00
$ 15,480.00
$ 56,115.00
$ 16.08
$ 2,894.46
$ 102.08
2
15
83
42
83.00
1,245.00
4,357.50
14.92
223.84
97.92
3
10
77
38.5
77.00
770.00
2,502.50
12.91
129.12
89.91
4
5
5
65
32.5
65.00
325.00
893.75
8.82
44.13
73.82
6
5
53
27
53.00
265.00
596.25
6.15
30.75
59.15
7
10
46
23
46.00
460.00
900.83
4.64
46.44
50.64
8
20
40
20
40.00
800.00
1,366.66
3.52
70.48
43.52
9
10
10
33
17
33.00
330.00
467. 50
2.41
24.09
35.41
11
12
18
23
12
23.00
414.00
414.00
1.18
21.36
24.18
13
25
17
9
17.00
425.00
318.75
.66
16.46
17.66
14
34
14
7.5
14.00
476.00
297.50
.45
15.32
14.45
15
121
11
6
11.00
1,331.00
665.50
.28
34.31
11.28
16
146
8
4.5
8.00
1,184.00
444.00
.15
22.91
8.15
17
30
5
3
5.00
150.00
37.50
.06
1.96
5.06
18
25
2
1.5
2.00
50.00
6.25
.01
.31
2.01
Building and Loan Associations
95
RALEIGH BUILDING AND LOAN ASSOCIATION
OF RALEIGH. N. C.
Incorporated October 4, 1905. Commenced business October 7, 1905
President R. S. Busbee Raleigh, N. C.
Vice-President J. E. O'Donnell Raleigh, N. C.
Secretary-Treasurer J. C. Allison Raleigh, N. C.
Assistant Secretary-Treasurer D. F. Betts Raleigh, N. C.
Attorney Albert L. Cox Raleigh, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 34,436.52
Fines received during year 489.94
Fees received during year 2,012.60
!■ _ $ 36,939.06
Add accrued income at this date 1,098.46
Profits on stock resold 114.50
Total earned income during year 1 38, 152.02
Expenses
Interest paid on borrowed money $ 6,752.74
Total expenses 6,497.63
$ 13,250.37
Net earned income during year 24,901.65
Balance of profits at beginning of year 37,244.53
Total profits $ 62, 146. 18
Deduct profits paid during the year on stock withdrawn $ 2,061.40
Deduct profits paid or credited during year on matured stock 10,659.75
12,721.15
Balance of profits at close of year _ $ 49,425.03
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
19
389
326
163.5
$ 81.50
$ 31,703.50
15,183,522.25
$ 15,61
$ 6,072.36
$ 97.11
20
403
300
150.5
75.00
30,225.00
4,548,862.50
13.22
5,328.87
88.22
21
474
274
137.5
68.50
32,469.00
4,464,487.50
11.03
5,230.03
79.53
22
727
248
124.5
62.00
45,074.00
5,611,713.00
9.04
6,573.97
71.04
23
948
221
111
55.25
52,377.00
5,813,847.00
7.18
6,810.77
62.43
24
1,074
195
98
48.75
52,357.50
5,131,035.00
5.59
6,010.87
54.34
25
572
169
85
42.25
24,167.00
2,054,195.00
4.21
2,406.43
46.46
26
53l
143
72
35.75
18,983.25
1,366,794.00
3.01
1,601.16
38.76
27
1,167
117
59
29.25
34,134.75
2,013,950.25
2.02
2,359.29
31.27
28
2,639
91
46
22.75
60,037.25
2,761,713.50
1.22
3,235.27
23.97
29
2,959
65
33
16.25
48,083.75
1,586,763.75
.64
1,858.85
16.89
30
4,210
39
20
7.75
32,627.50
652,550.00
.23
764.44
7.98
31
2,786
13
7
3.25
9,054.50
63,381.50
.03
74.26
3.28
96
Building and Loan Associations
RED SPRINGS BUILDING AND LOAN ASSOCIATION
OF RED SPRINGS, N. C.
Incorporated November, 1919. Commenced business November 3, 1919
President J. C. Snoddy
Vice-President H. Grantham
Secretary-Treasurer Ernest Graham.
-Red Springs, N. C.
-Red Springs, N. C.
-Red Springs, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fees received during year
Add accrued income at this date
Attorney and recording fee
558.40
44.70
603. 10
249.88
36.99
Total earned income during year S
Expenses
Interest paid on borrowed money $ 64.84
Total expenses - 652.36
889.97
717.20
Balance of profits at close of year $ 172.77
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
1
1,148
61
31
$ 15.25
$ 17,507.00
$ 542,717.00
$ .15
$ 17,277.00
$ 15.40
• Building and Loan Associations
97
ROCKINGHAM BUILDING AND LOAN ASSOCIATION
OF REIDSVILLE, N. C.
Incorporated 1915. Commenced business October, 1915
President C. H. Fetzer Reidsville, N. C.
First Vice-President E. P. Cummings._.. Reidsville, N. C.
Second Vice-President R. G. Gladstone Reidsville, N. C.
Secretary-Treasurer F. B. Kemp Reidsville, N. C.
Attorney I. R. Humphreys Reidsville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year I 2,831.01
Fines received during year 10. 60
Fees received during year 103. 75
Total earned income during year $ 2,945.36
Expenses
Interest paid on borrowed money $ 203.94
Total expenses 485.17
$ 689.11
Net earned income during year 2,256.25
Balance of profits at beginning of year 2,945.35
Total profits - . | 5,201.60
Deduct profits paid during the year on stock withdrawn 518. 20
Balance of profits at close of year ..$ 4,683.40
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
293
274
137.5
$ 68.50
$ 20,070.50
12,759,693.75
$ 9.49
$ 2,782.02
$ 77.99
2
54
256
128.5
64.00
3,456.00
444,096.00
8.29
447.69
72.29
3
41
235
118
58.75
2,408.75
284,232.50
6.99
286.53
65.74
4
71
208
104.5
52.00
3,692.00
385,814.00
5.47
388.94
57.47
5
30
143
72
35.75
1,072.50
77,220.00
2.59
77.85
38.34
6
69
130
65.5
32.50
2,242.50
146,883.75
2.14
148.08
34.64
7
71
117
59
29.25
2,076.75
122,528.25
1.74
123.52
30.99
8
143
104
52.5
26.00
3,718.00
195,195.00
1.37
196.78
27.37
9
84
91
46
22.75
1,911.00
87,906.00
1.05
88.62
23.80
10
56
78
39.5
19.50
1,092.00
43,134.00
.77
43.48
20.27
11
101
65
33
16.25
1,641.25
54,161.25
.54
54.60
16.79
12
96
52
26.5
13.00
1,248.00
33,072.00
.34
33.34
13.34
13
135
26
13.5
6.50
877.50
11,846.25
.09
11.95
6.59
7
98
Building and Loan Associations
ROANOKE RAPIDS BUILDING AND LOAN ASSOCIATION
OF ROANOKE RAPIDS, N. C.
Incorporated August, 1914. Commenced business September 1, 1914
President Wells D. Tillery Roanoke Rapids, N. C.
Assistant Secretary. Meta Jones Roanoke Rapids, N C.
Secretary-Treasurer J. T. Stainback Roanoke Rapids, N. C'.
Attorneys Mason, Long & Matthews Roanoke Rapids, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4, 738.29
Fines received during year 42. 10
Fees received during year 1,224.55
S 6,004.94
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 11.50
Balance . $ 5,993.44
Add accrued income at this date 138.68
Total earned income during year $ 6, 132. 12
Expenses
Interest paid on borrowed money $ 630.81
Earned discount on prepaid stock , 168.99
Total expenses 1 , 601 . 52
S 2.401.32
Net earned income during year 3,730.80
Balance of profits at beginning of year 3.889.32
Total profits $ 7,620.12
Deduct profits paid or credited during year on prepaid stock $ 159.91
Deduct profits paid during the year on stock withdrawn 435.90
595.81
Balance of profits at close of year $ 7,024.31
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
67
330
165.5
$ 82.50
'$ 5,527.50
1 175,923.24
$ 17.13
$ 1,147.66
$ 99.63
2
53
304
152.5
76.00
4,028.00
118,128.52
14.54
770.65
90.54
3
40
278
139.5
69.50
2,780.00
74,578.80
12.16
486.56
81.66
4
96
252
126.5
63.00
6,048.00
147,128.64
10.00
959.85
73.00
5
82
226
113.5
56.50
4,633.00
101,124.04
8.04
659.69
64.54
6
72
200
100.5
50.00
3,600.00
69,576.48
6.30
453.90
56.30
7
15
174
87.5
43.50
652.50
10,979.55
4.77
71.62
48.27
8
129
148
74.5
37.00
4,773.00
68,241.00
3.45
445.19
40.45
9
181
121
61
30.25
5,475.25
64,227.85
2.31
419.00
32.56
10
459
96
48.5
24.00
11,016.00
102,742.56
1.46
670.26
25.46
11
718
69
35
17.25
12,385.50
83,359.80
.76
543.84
18.01
12
1,150
43
22
10.75
12,362.50
52,302.00
.30
341.23
11.05
13_.
1,144
17
9
4.25
4,862.00
8,408.40
.05
54.86
4.30
Building and Loan Associations
99
PEOPLES BUILDING AND LOAN ASSOCIATION
OF ROBERSONVILLE, N. C.
Incorporated January 29, 1917. Commenced business February 1, 1917
President R. A. Bailey Robersonville, N. C.
Vice-President C. L. Smith Robersonville, N. C.
Secretary-Treasurer D. R. Everett Robersonville, N. C.
Attorney J. C. Smith Robersonville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year 1
Fees received during year
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans
2,125.64
68.25
2,193.89
62.00
Balance - $ 2,139.i
Add accrued income at this date 14 J
Total earned income during year $ 2, 146.47
Expenses
Interest paid on borrowed money $ 514.70
Total expenses 491.26
Net earned income during year
Balance of profits at beginning of year
-$ 1,005.96
1,140.51
679.36
Balance of profits at close of year $ 1,819.87
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
214
203
102
$ 50.75
$ 10,860.50
$1,107,771.00
1 4.40
$ 940.33
$ 55.15
2
184
160
80.5
40.00
7,360.00
592,480.00
2.74
502.94
42.74
3
160
104
52.5
26.00
4,160.00
218,400.00
1.78
185.41
27.78
4
341
70
35.5
17.50
5,967.50
211,846.25
.53
179.84
18.03
5
115
30
• 15.5
7.50
862.50
13,368.75
.10
11.35
7.60
100
Building and Loan Associations
RICHMOND COUNTY BUILDING AND LOAN ASSOCIATION
OF ROCKINGHAM, N. C.
Incorporated — . Commenced business —
President W. P. McRae Rockingham, N. C.
Vice-President--- _ W. L. Paksons Rockingham, N. C.
Secretary-Treasurer A. G. Corpening Rockingham, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,967.92
Fines received during year 37. 50
Fees received during year 357.50
$ 4,362.92
Adjusting entries to instalments, stock account 388.00
Total earned income during year $ 4, 750. 92
Expenses
Irfterest paid on borrowed money $ 99.00
Total expenses 837. 79
$ 936. 79
Net earned income during year 3,814. 13
Balance of profits at beginning of year 9,762.65
Total profits . I 13,576.78
Deduct profits paid or credited during year on matured stock 6,944.00
Balance of profits at close of year $ 6,632.78
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
( Months)
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
8
95
84
42.5
$ 84.00
1 7,980.00
$ 339,150.00
$ 19.88
$ 1,888.64
$ 103.88
9
52
78
39.5
78.00
4,056.00
160,212.00
17.15
891.90
95.15
10
50
66
33.5
66.00
3,300.00
110,550.00
12.30
615.43
78.30
11
2
60
30.5
60.00
120.00
3,660.00
10.18
20.37
70.18
12
128
54
27.5
54.00
6,912.00
190,080.00
8.26
1,058.17
62.26
13
54
48
24.5
48.00
2,592.00
63,504.00
6.54
353.52
54.54
14
103
42
21.5
42.00
4,326.00
93,009.00
5.02
517.78
47.02
15
55
36
18.5
36.00
1,980.00
36,630.00
3.70
203.91
39.70
16
58
34
17.5
34.00
1,972.00
34,510.00
3.31
192.11
37.31
17
49
30
15.5
30.00
1,470.00
22,785.00
2.59
126.84
32.59
18
20
27
14
27.00
540.00
7,560.00
2.11
42.08
29.11
19
153
24
12.5
24.00
3,672.00
45,900.00
1.66
255.52
25.66
20
214
18
9.5
18.00
3,852.00
36,594.00
.95
203.71
18.95
21
392
12
6.5
12.00
4,704.00
30,576.00
.43
170.21
12.43
22
792
6
3.5
6.00
4,752.00
16,632.00
.11
92.59
6.11
Building and Loan Associations
101
PEOPLES COOPERATIVE BUILDING AND LOAN
ASSOCIATION
OF ROCKWELL, N. C.
Incorporated January 1, 1919. Commenced business January 1, 1919
President C. L. Miller Rockwell, N. C.
Vice-President T. H. Rinehardt Rockwell, N. C.
Secretary-Treasurer T. R. Garner Rockwell, N. C.
Attorney R. Lee Wright Salisbury, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 375.02
Fees received during year . 41.00
Total earned income during year $
Expenses
Interest paid on borrowed money $ '64.00
Total expenses 120. 62
Net earned income during year
Balance of profits at beginning of year
Balance of profits at close of year $
Apportionment of Profits to December 31, 1920
416.02
-$ 184.62
231.40
56.11
287.51
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
273
164
104
52
52.5
26.5
$ 26.00
13.00
$ 7,098.00
2,132.00
$ 372,645.00
56,498.00
$ 0.91
.21
$ 249. 66
37.85
$ 26.91
13.21
2
102
Building and Loan Associations
CITIZENS BUILDING AND LOAN ASSOCIATION
OF ROCKY MOUNT, N. C.
Incorporated 1907. Commenced business 1907
President J. C. Braswell, Rocky Mount, N. C.
Vice-President T. C. Gorham Rocky Mount, N. C.
Secretary-Treasurer W. S. Wilkinson Rocky Mount, N. C.
Attorney J. P. Bunn Rocky Mount, N. C.
Gain and Loss Statement
Income
Interest on loans received during year.- $ 18,395.21
Fines received during year 297. 70
Fees received during year 177.00
— $ 18,869.91
Add accrued income at this date 617.20
Total earned income during year $ 19,487. 11
Expenses
Interest paid on borrowed money S 2,772.93
Total expenses 1,749.50
— $ 4,522.43
Net earned income during year 14, 964. 68
Balance of profits at beginning of year «. 27,307.99
Total profits . - $ 42,272.67
Deduct profits paid or credited during year on matured stock 11,492.00
Balance of profits at close of year $ 30,780.67
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
17
717
81
41
$ 81.00
$ 58,077.00
$2,381,157.00
1 16.47
$ 11,815.45
$ 97,47
18
139
76
38.5
76.00
10,564.00
406,714.00
14.51
2,018.14
90.51
19
155
69
35
69.00
10,695.00
374,325.00
11.98
1,857.42
80.98
20
189
64
32.5
64.00
12,096.00
393,120.00
10.32
1.950.69
74.32
21
310
60
30.5
60.00
18,600.00
567,300.00
9.08
2,814.99
69.08
22
119
56
28.5
56.00
6,664.00
189,924.00
7.91
942.42
63.91
23
221
52
26.5
52.00
11,492.00
304,538.00
6.83
1,511.14
58.83
24
349
48
24.5
48.00
16,752.00
410,424.00
5.82
2,036.55
53.82
25
186
44
22.5
44.00
8,184.00
184,140.00
4.89
913.72
48.89
26
97
40
20.5
40.00
3,880.00
79,540.00
4.04
394. 68
44.04
27
138
36
18.5
36.00
4,968.00
91,908.00
3.27
456.05
39.27
28
223
32
16.5
32.00
7,136.00
117,744.00
2.59
584.25
34.59
29
371
27
14
27.00
10,017.00
140,238.00
1.92
695.87
28.92
30
550
22
11.5
22.00
12,100.00
139,150.00
1.22
690.47
23.22
31
686
18
9.5
18.00
12,348.00
117,306.00
.82
582.08
18.82
32
1,777
13
7
13.00
23,101.00-
161,707.00
.42
802.40
13.42
33
685
7
4
7.00
4,795.00
19,180.00
.12
95.17
7.12
34
400
1
1
1.00
400.00
400.00
1.98
Building and Loan Associations
103
MUTUAL BUILDING AND LOAN ASSOCIATION
OF ROCKY MOUNT, N. C.
Incorporated . Commenced business June, 1913
President. T. T. Thorne Rocky Mount, N. C.
Vice-President W. A. Bulluck.. -Rocky Mount, N. C.
Secretary-Treasurer C. C. Ward Rocky Mount, N. C.
Attorney S. T. Thorne Rocky Mount, N. C.
104
Building and Loan Associations
NEW HOME BUILDING AND LOAN ASSOCIATION
OF ROCKY MOUNT, N. C.
Incorporated July, 1912. Commenced business August 1, 1912
President Frank F. Fagan Rocky Mount, N. C.
Vice-President N. L. Alcocke Rocky Mount, N. C.
Secretary-Treasurer J. A. Higgins Rocky Mount, N. C.
Attorney Jos. B. Ramsey Rocky Mount, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 7,501.91
Fines received during year ' 30.00
Fees received during year 53.25
$ 7,585.16
Deduct accrued income, last report 148.40
Balance $ 7,436.76
Add accrued income at this date 735. 15
Total earned income during year $ 8,171.91
Expenses
Interest paid on borrowed money $ 1,747.00
Total expenses 791.31
$ 2,538.31
Net earned income during year 5,633.60
Balance of profits at beginning of year 8,979.61
Total profits $ 14,613.21
Deduct profits paid or credited during year on matured stock 2,337.00
Balance of profits at close of year $ 12,276.21
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
4
120
83
42
$ 83.00
$ 9,960.00
$ 418,320.00
$ 18.92
$ 2,270.84
$ 101.92
5
66
77
39
77.00
5,082.00
198,198.00
16.30
1,075.91
93.30
6
132
71
36
71.00
9,372.00
337,392.00
13.87
1,831.52
84.87
7
29
65
33
65.00
1,885.00
62,205.00
11.64
337.70
76.64
8
79
59
30
59.00
4,661.00
139,830.00
9.61
759.06
68.61
9
125
53
27
53.00
6,625.00
178,875.00
7.77
971.02
60.77
10
211
47
24
47.00
9,917.00
238,008.00
6.12
1,292.02
53.12
11
93
41
21
41.00
3,813.00
80,073.00
4.67
434.67
45.67
12
128
35
18
35.00
4,480.00
80,640.00
3.42
437.75
38.42
13
154
29
15
29.00
4,466.00
66,990.00
2.36
363.65
31.36
14
248
27
14
27.00
6,696.00
93,744.00
2.05
508.89
29.05
15
147
23
12
23.00
3,381.00
40,572.00
1.50
220.23
24.50
16
961
17
9
17.00
16,337.00
147,033.00
.84
798.16
17.84
17
415
11
6
11.00
4,565.00
27,390.00
.36
148.69
11.36
18
1,117
5
3
5.00
5,585.00
16,755.00
.08
90.95
5.08
Building and Loan Associations
105
ROCKY MOUNT HOMESTEAD AND LOAN ASSOCIATION
OF ROCKY MOUNT, N. C.
Incorporated 1902. Commenced business March 2, 1902
President Thos. H. Battle Rocky Mount, N. C.
Vice-President 1 W. H. Newell Rocky Mount, N. C.
Secretary-Treasurer R. B. Davis Rocky Mount, N. C.
Attorney L. V. Bassett Rocky Mount, N. C.
Gain and Loss Statement
Income
Interest on loans received during year .$ 15,301.25
Fines received during year 28. 80
Total earned income during year $ 15,330.05
Expenses
Interest paid on borrowed money $ 1,596.33
Total expenses 2 , 083 . 47
• — $ 3,679.80
Net earned income during year 11,650.25
Balance of profits at beginning of year 25,305.08
Total profits . . $ 36,955.33
Deduct profits paid or credited during year on matured stock 13,034.00
Balance of profits at close of year $ 23,921.33
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
25
225
77
39
$ 77.00
$ 17,325.00
$ 675,675.00
$ 15.98
$ 3,595.59
$ 92.98
26
191
71
36
71.00
13,651.00
488,196.00
13.60
2,598.20
84.60
27
188
65
33
65.00
12,220.00
403,260.00
11.42
2,146.34
76.42
28
370
61
31
61.00
22,570.00
699,670.00
10.05
3,722.24
71.05
29
249
57
29
57.00
14,193.00
411,597.00
8.79
2,190.69
65.79
30
136
53
27
53.00
7,208.00
194,616.00
7.62
1,036.35
60.92
31
170
49
25
49.00
8,330.00
208,250.00
6.52
1,107.89
55.52
32
210
45
23
45.00
9,450.00
217,350.00
5.51
1,156.30
50.51
33
165
41
21
41.00
6,765.00
142,065.00
4.58
755.78
45.58
34
214
37
19
37.00
7,918.00
150,442.00
3.75
802.35
40.75
35
207
33
17
33.00
6,831.00
116,127.00
3.00
620.79
36.00
36
297
29
15
29.00
8,613.00
129,195.00
2.31
688.00
31.31
37
674
25
13
25.00
16,850.00
219,050.00
1.73
1,165.34
26.73
38
641
21
11
21.00
13,461.00
148,071.00
1.23
789. 73
22.23
39
548
17
9
17.00
9,316.00
83,844.00
.82
449.05
17.82
40
1,140
13
7
13.00
14,820.00
103,740.00
.49
554.89
13.49
41
1,762
9
5
9.00
15,858.00
79,290.00
.24
425.82
9.24
42
2,105
4
2.5
4.00
8,420.00
21,050.00
.06
115.98
4.06
106
Building and Loan Associations
ROWLAND BUILDING AND LOAN ASSOCIATION
OF ROWLAND, N. C.
Incorporated 1905. Commenced business 1905
President O. P. Chitty Rowland, N. C.
Vice-President W. H. McLellan Rowland, N. C.
Secretary-Treasurer A. T. McKellak Rowland, N. C.
Attorneys McLean, Vakser & McLean Lumberton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,438.24
Fees received during year 621.00
Total earned income during year S 3,059.24
Expenses
Interest paid on borrowed money $ 15.83
Total expenses 495.73
$ 511.56
Net earned income during year 2,547.68
Balance of profits at beginning of year 4,810.09
Total profits : $ 7,357.77
Deduct profits paid during the year on stock withdrawn $ 15.00
Deduct profits paid or credited during year on matured stock 1,920.00
1,935.00
Balance of profits at close of year : S 5,422.77
Appoetionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
8
63
81
41
$ 81.00
$ 5,103.00
$ 209,223.00
$ 20.23
$ 1,274.44
$ 101.23
9
136
61
31
61.00
8,296.00
257,176.00
11.52
1,566.51
72.52
10
180
49
25
49.00
8,820.00
220,500.00
7.46
1,343.13
56.46
11
100
37
19
37.00
3,700.00
70,300.00
4.28
428.22
41.28
12
100
25
13
25.00
2,500.00
32,500.00
1.98
197.97
26.98
13
400
18
9.5
18.00
7.200.00
68,400.00
1.04
416.65
19.04
14
366
12
6.5
12.00
4,392.00
28,548.00
.48
173.89
12.48
15
240
5
3
5.00
1,200.00
3,600.00
.09
21.93
5.09
Building and Loan Associations
107
CITIZENS BUILDING AND LOAN ASSOCIATION
OF RUTHERFORDTON, N. C.
Incorporated January 10, 1888. Commenced business January 13, 1888
President K. J. Carpenter Rutherfordton, N. C.
Vice-President W. J. McDaniel Rutherfordton, N. C.
Secretary-Treasurer Virginia Grayson Rutherfordton, N. C.
Attorney Fred McBrayer i-_Rutherfordton, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,949.85
Fees received during year 203. 75
$ 4,153.60
Deduct accrued income, last report . 103.88
Balance $ 4,049.72
Add accrued income at this date 198.08
Total earned income during year $ 4,247.80
Expenses
Interest paid on borrowed money $ 497.35
Total expenses 893.80
$ 1,391: 15
Net earned income during year 2,856.65
Balance of profits at beginning of year 3,799.00
Total profits . $ 6,655.65
Deduct profits paid or credited during year on prepaid stock $ 561.25
Deduct profits paid during the year on stock withdrawn 14.31
Deduct profits paid or credited during year on matured stock 945.50
1,521.06
Balance of profits at close of year $ 5,134.59
Apportionment of Proe;its to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
50
61
325
163
$ 81.25
$ 4,956.25
$ 807,868.75
$ 13.75
$ 838.52
$ 95.00
51
92
299
150
74.75
6,877.00
1,031,550.00
11.65
1,070.69
86.40
52
85
273
137
68.25
5,801.25
794,771.25
9.73
824.93
77.98
53
87
247
124
61.75
5,372.25
666,159.00
7.97
691.44
68.72
54
27
221
111
55.25
1,491.75
165,584.25
6.38
171.87
61.63
55
42
195
98
48.75
2,047.50
200,655.00
4.97
208.27
53.72
56
42
169
85
42.25
1,774.50
150,832.50
3.73
156.56
45.98
57
50
143
72
35.75
1,787.50
128,700.00
2.67
133.58
38.42
58
109
117
59
29.25
3,188.25
188,106.75
1.79
195.24
31.04
59
317
91
46
22.75
7,211.75
331,740.50
1.09
344.33
23.84
60
364
65
33
16.25
5,915.00
195,195.00
.56
202. 60
16.81
61
366
39
20
9.75
3,568.50
71,370.00
.20
74.08
9.95
62
400
13
7
3.25
1,300.00
9,100.00
.02
9.45
3.27
108
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF SALISBURY, N. C.
Incorporated May, 1919. Commenced business May 3, 1919
President James H. Ramsay Salisbury, N. C.
Vice-President W. E. McWhirter Salisbury, N. C.
Secretary-Treasurer T. E. Witherspoon Salisbury, N. C.
Attorney P. S. Carlton Salisbury, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 7,038.32
Fees received during year 514.55
$ 7,552.87
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans I 1,031.75
Deduct accrued income, last report 197. 72
1,229.47
Balance - $ 6,323.40
Add accrued income at this date 757. 61
Add other income 486.84
Total earned income during year $ 7,567.85
Expenses
Interest paid on borrowed money $ 1,520.79
Total expenses 1 , 852. 47
$ 3,373.26
Net earned income during year 4,194.59
Balance of profits at beginning of year 329. 16
Total profits $ 4,523.75
Deduct profits paid or credited during year on prepaid stock 2,644.60
Balance of profits at close of year $ 1,879. 15
Apportionment of Pkofi'BB to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
A
159
87
44
$ 43.50
•1 6,916.50
$ 304,326.00
$ 0.90
$ 148.39
$ 44.40
1
1,079
87
44
21.75
23,468.25
1,032,603.00
.46
503.51
22.21
B
64
74
37.5
37.00
2,368.00
88,800.00
.66
42.30
37.60
2
535
74
37.5
18.50
9,897.50
371,156.25
.33
180.98
18.53
C
15
61
31
30.50
457. 50
14,182.50
.46
6.92
30.96
3
485
61
31
15.25
7,396.25
229,283.75
.23
111.80
15.48
D
8
47
24
23.50
188.00
4,512.00
.40
3.20
23.90
4
407
47
24
11.75
4,782.25
114,774.00
.13
55.97
11.88
E
32
35
18
17.50
560.00
10,080.00
.15
4.92
17.65
5
542
35
18
8.75
4,742.50
85,365.00
.07
41.63
8.82
F.
10
21
11
10.50
105.00
1,155.00
.05
.56
10.55
6
717
21
11
5.25
3,764.25
41,406.75
.02
20.19
5.27
G
12
8
.45
4.00
48.00
216.00
.10
7
245
8
.45
2.00
490.00
2,205.00
1.08
Building and Loan Associations
109
SANFORD BUILDING AND LOAN ASSOCIATION
OF SANFORD, N. C.
Incorporated 1917. Commenced business March 3, 1917
President
Vice-President
Secretary-Treasurer.
Attorney
W. A. Crabtkee Sanford, N. C.
E. A. Griffin Sanford, N. C.
-J. E. Brinn Sanford, N. C.
.D. B. Teague Sanford, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2, 720.94
Fines received during year .50
Fees received during year 430.30
$ 3,151.74
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 30.00.
Deduct accrued income, last report 11.05
41.05
Balance S 3,110.69
Add accrued income at this date 22.50
Total earned income during year $ 3, 133. 19
Expenses
Interest paid on borrowed money $ 181.20
Total expenses - 736 . 44
$ 917.64
Net earned income during year 2,215.55
Balance of profits at beginning of year 1,068.36
Total profits $ 3,283.91
Deduct profits paid during the year on stock withdrawn 108.02
Balance of profits at close of year $ 3,175.89
Appoktionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
397
200
100.5
$ 50.00
$ 19,850.00
$1,994,925.00
$ 4.76
$ 1,893.18
1 54.76
2
21
174
87.5
43.50
913.50
79,931.25
3.61
75.85
47.11
3
159
148
74.5
37.00
5,883.00
438,283.50
2.61
415.93
39.61
4
348
96
48.5
24.00
9,312.00
441,632.00
1.20
419.10
25.20
5
270
69
35
17.25
4,657.00
163,012.50
.57
154.69
17.82
6
843
43
22
10.75
9,062.25
199,369.50
.22
189.20
10.95
7
758
17
9
4.25
3,221.50
28,993.50
.03
27.51
4.28
110
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF SCOTLAND NECK, N. C.
Incorporated 1912. Commenced business 1912
President G. Hoffman Scotland Neck, N. C.
Vice-President . O. J. Moore Scotland Neck, N. C.
Secretary-Treasurer » Henry T. Clark Scotland Neck, N. C.
Attorney S. H. Smith Scotland Neck, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 10,590. 15
Fines received during year 71.35
Fees receive^ during year 231.50
$ 10.893.00
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 5.37
Total earned income during year $ 10,887.63
Expenses
Interest paid on borrowed money $ 910.55
Total expenses ' 1 , 406. 80
$ 2,317.35
Net earned income during year 8,570.28
Balance of profits at beginning of year 12,966.97
Total profits $ 21,537.25
Deduct profits paid during the year on stock withdrawn 188.27
Deduct profits paid or credited during year on matured stock 7,012.50
7,200.77
Balance of profits at close of year $ 14,336.48
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
4
214
290
145.5
$ 72.50
S 15,515.00
12,257,432.50
$ 13.83
$ 2,961.55
1 86.33
5
67
264
132.5
66.00
4,422.00
638,915.00
12.51
838.19
78.51
6
307
238
119.5
59.50
18,207.00
2,175,736.50
9.29
2,854.33
68.79
7
192
212
106.5
53.00
10,176.00
1,083,744.00
7.40
1,421.75
60.40
8
357
186
93.5
46.50
16,600.50
1,552,146.75
5.70
2,036.25
52.20
9
292
160
80.5
40.00
11,680.00
940,240.00
4.22
1,233.49
44.22
10
271
134
67.5
33.50
9,078.50
612,798.50
2.96
803.93
36.46
11
392
108
54.5
27.00
10,584.00
576,828.00
1.92
756.73
28.92
12
665
82
41.5
20.50
13,632.50
565,748.75
1.11
742.20
21.61
13
1,191
56
28.5
14.00
16,674.04
475,209.00
.52
623.42
14.52
14
423
30
15.5
7.50
3,172.50
49,173.50
.15
64.51
7.65
15
39
4
2.5
, 1.00
39.00
97.50
.13
1.00
Building and Loan Associations
111
SELMA BUILDING AND LOAN ASSOCIATION
OF SELMA, N. C.
Incorporated September 1, 1919. Commenced business September 1, 1919
President J. N. Wiggs Selma, N. C.
Vice-President W. W. Hare Selma, N. C.
Secretary-Treasurer R. W. Etheredge Selma, N. C.
Attorney R. L. Ray
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
Add accrued income at this date
.Selma, N. C.
532.50
27.00
24.25
583.75
62.50
Total earned income during year $
Expenses
Interest paid on borrowed money $ 37.58
Total expenses 223.56
Net earned income during year
5.25
-$ 261.14
385.11
Balance of profits at close of year $ 385. 11
Apportionment of Profits to July 1, 1921
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
348
22
11.5
$ 22.00
$ 7,656.00
$ 88,044.00
$ 7.55
$ 262.95
$ 29.55
2
101
16
8.5
16.00
1,616.00
13,736.00
4.16
41.02
20.16
3
106
10
5.5
10.00
1,060.00
5,830.00
1.64
17.42
11.64
4
41
4
2.5
4.00
164.00
410.00
.29
1.22
4.29
112
Building and Loan Associations
SHELBY BUILDING AND LOAN ASSOCIATION
OF SHELBY, N. C.
Incorporated April 21, 1905. Commenced business May 6, 1905
President Chas. C. Blanton Shelby, N. C.
Vice-President E. Y. Webb Shelby, N. C.
Secretary-Treasurer J. F. Roberts. Shelby, N. C.
Attorneys Rybxjrn & Hoey Shelby, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 31,652.57
Fines received during year 29.50
Fees received during year 1,387.60
$ 33,069.67
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 1,295.00
Deduct accrued income, last report 1, 173. 68
2,468.68
Balance $ 30,600.99
Add accrued income at this date 2,277.61
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 3,552.32
Add other income 10,229.57
Total earned income during year $ 46,660.49
Expenses
Interest paid on borrowed money $ 1,867.74
Earned discount on prepaid stock 17,288.36
Total expenses , 4,086.93
$ 23,243.03
Net earned income during year 23,417.46
Balance of profits at beginning of year 28,443.68
Total profits $ 51,861.14
Interest due on matured stock $ 116.23
Deduct profits paid during the year on stock withdrawn 2,561.95
Deduct profits paid or credited during year on matured stock 10,455.00
13,133.18
Balance of profits at close of year $ 38,727.96
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
27
93
321
161
$ 80.25
$ 7,463.25
11,201,583.25
1 16.91
$ 1,572.83
$ 97.16
28
206
308
154.5
77.00
15,862.00
2,450,679.00
15.57
3,207.85
92.57
29
123
296
148.5
74.00
9,102.00
1,351,647.00
14.38
1,769.26
88.38
30
220
282
141.5
70.50
15,510.00
2,194,665.00
13.05
2,872.74
83.55
31
185
269
135
67.25
12,441.25
1,679,568.75
11.88
2,198.50
79.13
32
249
256
128.5
64.00
15,936.00
2,047,776.00
10.76
2,680.47
74.76
33
176
243
122
60.75
10,692.00
1,304,424.00
9.70
1,707.44
70.45
34
186
230
115.5
57.50
10,695.00
1,235,272.50
8.69
1,616.93
66.19
35
237
217
109
54.25
12,857.25
1,401,440.25
7.74
1,834.44
61.99
36
281
204
102.5
51.00
14,331.00
1,468,927.50
6.84
1,922.77
57.84
37
280
191
96
47.75
13,370.00
1,283,520.00
6.00
1,680.08
53.75
38
305
178
89.5
44.50
13,572.50
1,214,738.75
5.21
1,590.05
49.71
39
314
165
83
41.25
12,952.50
1,075,057.50
4.48
1,407.21
45.73
40
664
152
76.5
38.00
25,232.00
1,930,248.00
3.80
2,526.63
41.80
41
277
139
70
34.75
9,625.75
673,802.50
3.18
881.98
37.93
42
268
126
63.5
31.50
8,442.00
536,067.00
2.61
701.69
34.11
43
649
113
57
28.25
18,334.25
1,045,052.25
2.11
1,367.94
30.36
44
921
100
50.5
25.00
23,025.00
1,162,762.50
1.65
1,522.01
26.65
45-
708
87
44
21.75
15,399.00
677,556.00
1.25
886.90
23.00
46
778
74
37.5
18.50
14,393.00
539,737.50
.91
706.50
19.41
47
1,644
61
31
15.25
25,071.00
777,201.00
.62
1,017.33
15.87
48
1,196
47
24
11.75
14,053.00
337,272.00
.37
441.47
12.12
49
1,315
35
18
8.75
11,506.25
207,112.50
.10
271.10
8.85
50
786
21
11
5.25
4,126.50
45,391.50
.07
59.42
5.32
51
578
8
4.5
2.00
1,156.00
5,202.00
6.81
Building and Loan Associations
113
SHELBY AND CLEVELAND COUNTY BUILDING AND
LOAN ASSOCIATION
OF SHELBY, N. C.
Incorporated 1910. Commenced business 1910
President A. C. Miller Shelby,
Vice-President L. A. Gettys Shelby,
Secretary-Treasurer Jno. P. Mull Shelby,
Attorney Jno. P. Mull Shelby,
Gain and Loss Statement
Income
Interest on loans received during year $ 15,804.24
Fines received during year 187.87
Fees received during year 557.75
N. C.
N. C.
N. C.
N. a
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 180.76
Deduct accrued income, last report 1,816.10
-$ 16,549.86
1,996.86
Balance $ 14,553.00
Add accrued income at this date 1,980.76
Total earned income during year | 16,533.76
Expenses
Interest paid on borrowed money $ 188.20
Earned discount on prepaid stock 1,256.49
Total expenses 1 , 938. 01
$ 3,382.70
Net earned income during year 13, 151.06
Balance of profits at beginning of year 15,239.67
Total profits ,$ 28,
Deduct profits paid during the year on stock withdrawn I 931.99
Deduct profits paid or credited during year on matured stock.
4,736.00
390. 73
667.99
Balance of profits at close of year $ 22,722.74
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
12
80
325
163
.1 81.25
$ 6,500.00
110,595,000.00
$ 19.26
.1 1,542.84
$ 100.53
13
27
313
157
78.25
2,112.75
3,317,017.50
17.88
483.02
96.13
14
84
300
150.5
75.00
6,300.00
9,481,500.00
16.43
1,380.69
91.43
15
64
287
144
71.75
4,592.00
6,612,480.00
15.04
962.91
86.79
16
55
274
137.5
68.50
3,767.50
5,180,312.50
13.71
754.35
82.21
17
90
261
131
65.25
5,872.50
7,692,975.00
12.44
1,120.25
77.69
18
75
248
124
62.00
4,650.00
5,766,000.00
11.19
839.64
73.19
19
116
235
118
58.75
6,815.00
8,041,700.00
10.09
1,171.03
68.84
20
291
221
111
55.25
16,077.75
17,846,302.50
8.93
2,598.77
64.18
21
210
208
104
52.00
10,920.00
11,356,800.00
7.87
1,653.77
59.87
22
195
195
98
48.75
9,506.25
9,316,125.00
6.95
1,356.61
55.70
23
181
182
91.5
45.50
8,235.50
7,535,482.50
6.06
1,097.31
51.56
24
169
169
85
42.25
7,140.25
6,069,212.50
5.22
883.80
47.47
25
176
156
78.5
39.00
6,864.00
5,388,240.00
4.45
784.63
43.45
26
75
143
72
35.75
2,681.25
1,930,500.00
3.74
281.12
39.49
27
146
130
65.5
32.50
4,745.00
3,107,975.00
3.09
452.58
35.59
28
256
117
59
29.25
7,488.00
4,417,920.00
2.51
643.33
31.76
29
263
104
52.5
26.00
6,838.00
3,589,950.00
1.98
522.77
27.98
30
371
91
46
22.75
8,440.25
3,882,515.00
1.51
565.37
24.26
31
567
78
39.5
19.50
11,057.50
4,367,317.50
1.12
635.97
20.62
32
553
65
33
16.25
8,986.25
2,965,462.50
.78
431.83
17.03
33
646
52
26.5
13.00
8,398.00
2,225,470.00
.50
324.07
13.50
34
663
39
20
9.75
6,464.25
1,292,850.00
.28
188.26
10.03
35
419
27
14
6.75
2,828.25
395,955.00
.13
57.66
6.63
36
284
13
7
3.25
923.00
64,610.00
.03
9.40
3.28
8
114
Building and Loan Associations
SMITHFIELD BUILDING AND LOAN ASSOCIATION
OF SMITHFIELD, N. C.
Incorporated September 8, 1913. Commenced business October 1, 1913
President N. B. Grantham Smithfield, N. C.
Vice-President W. H. Austin Smithfield, N. C.
Secretary-Treasurer J. J. Broadhtjrst Smithfield, N. C.
Attorney F. H. Brooks Smithfield, N. C.
Gain and Loss Statement
Interest on loans received during year..
Fines received during year...-
Fees received during year
Total earned income during year.
Income
$ 11,106.38
20.25
514.50
S 11,641.13
Expenses
Interest paid on borrowed money $ 2,233.40
Total expenses 1 , 276. 83
$ 3,510.23
Net earned income during year 8, 130.90
Balance of profits at beginning of year 13,067.74
Total profits $ 21,198.64
Deduct profits paid during the year on stock withdrawn $ 245.53
Deduct profits paid or credited during year on matured stock 5,820.00
6,065.53
Balance of profits at close of year $ 15,133.11
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
D
69
325
163
$ 81.25
$ 1,106.94
$ 913,818.75
.$ 16.04
S 5,606.25
$ 97.29
E
22
312
156.5
78.00
325.31
268,554.00
14.78
1,716.00
92.78
F
60
299
150
74.75
814.93
672,750.00
13.57
4,485.00
88.33
G
201
286
143.5
71.50
2,489.84
2,062,310.25
12.39
14,371.50
83.89
H
26
273
137
68.25
294.48
243,106.50
11.33
1,774.50
79.58
I
145
260
130.5
65.00
1,489.90
1,229,962.50
10.27
9,425.00
75.27
J-
32
247
124
61.75
296.81
245,024.00
9.27
1,976.00
71.02
K
73
234
117.5
58.50
607.83
501,783.75
8.32
4,270.50
66.82
L
35
221
111
55.25
260.01
214,646.25
7.43
1,933.75
62.68
M
176
208
104.5
52.00
1,158.51
956,384.00
6.58
9,152.00
58.58
N
70
195
98
48.75
405.10
334,425.00
5.78
3,412.50
54.53
0
135
182
91.5
45.50
680.82
562,038.75
5.04
6,142.50
50.54
P
122
169
85
42.25
530.72
438,132.50
4.35
5,154.50
46.60
Q
166
156
78.5
39.00
615.60
508,209.00
3.71
6,474.00
42.71
R
91
143
72
35.75
283.74
234,234.00
3.11
3,253.25
38.86
S
100
130
65.5
32.50
257.86
212,875.00
2.57
3,250.00
35.07
T.-
142
117
59
29.25
296.84
245,056.50
2.09
4,153.50
31.34
U
870
104
52.5
26.00
1,438.52
1,187,550.00
1.65
22,620.00
27.65
V
417
91
46
22.75
528.62
436,390.50
1.27
9,486.75
24.02
w
360
78
39.5
19.50
335. 89
277,290.00
.93
7,020.00
20.43
X
387
65
33
16.25
251.39
207,528.75
.65
6,288.75
16.90
Y
1,300
52
26.5
13.00
542. 50
447,850.00
.41
16,900.00
13.41
26
397
39
20
9.75
93.77
77,415.00
.26
3,870.75
10.01
27
165
26
13.5
6.50
17.54
14,478.75
.11
1,072.50
6.60
28
35
13
7
3.25
9.64
796.25
.03
113.75
3.27
Building and Loan Associations
115
SOUTHPORT BUILDING AND LOAN ASSOCIATION
OF SOUTHPORT, N. C.
Incorporated 1911. Commenced business October 28, 1911
President M. C. Guthrie Southport, N. C.
Vice-President S. B. Northrop Southport, N. C.
Secretary-Treasurer D. I. Watson Southport, N. C.
Attorney - Robt. W. Davis Southport, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4,252.44
Fines received during year 157. 75
Fees received during year 207.50
$ 4,617.69
Deduct accrued income, last report 462.32
Balance $ 4,155.37
Add accrued income at this date 770. 26
Total earned income during year $ 4, 925. 63
Expenses
Interest paid on borrowed money $ 1,202.57
Total expenses 699.51
$ 1,902.08
Net earned income during year 3,023.55
Balance of profits at beginning of year 3,493.36
Total profits $ 6,516.91
Deduct profits paid during the year on stock withdrawn 1 85.60
Deduct profits paid or credited during year on matured stock 625.25
710.85
Balance of profits at close of year $ 5,806.06
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
21
326
163.5
$ 81.50
$ 1,711.50
$ 279,830.25
.$ 13.08
$ 274.70
$ 94.58
8
90
300
150.5
75.00
6,750.00
1,015,875.00
11.08
997.25
86.08
9
44
274
137.5
68.50
3,014.00
414,425.00
9.24
406.83
77.74
10
98
248
124.5
62.00
6,076.00
756,462.00
7.58
742.59
69.58
11
73
221
111
55.25
4,033.25
447,690.75
6.03
439.48
61.28
12
55
195
98
48.75
2,681.25
262,762.50
4.69
257.94
53.44
13-.
38
169
85
42.25
1,605.50
136,467.50
3.52
133.97
45.77
14
442
143
72
35.75
15,801.50
1,137,708.00
2.53
1,116.85
38.28
15
150
117
59
29.25
4,387.50
258,862.50
1.69
254.12
30.94
16
189
91
46
22.75
4,299.75
197,788.50
1.03
194.16
23.78
17
294
65
33
16.25
4,777.50
157,657.50
.53
154.76
16.78
18
290
39
20
9.75
2,827.50
56,550.00
.19
55.51
9.94
19
342
13
. 7
3.25
1,111.50
7,780.50
.02
7.64
3.27
116
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF SPRAY, N. C.
Incorporated 1909. Commenced business July, 1909
President. J. B. Ray Leaksville, N. C.
Vice-President : W. Stevenson Spray, N C
Secretary E. E. Emehson Sprayi N c'.
Assistant Secretary Mrs. Loula Seat Chambers Spray,' n! c!
Treasurer B. E. Ivie Draper, N. C.
Attorneys Ivie & Trotter Spray,' N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5,652.33
Fines received during year 12.50
Fees received during year 409.75
$ 6,074.58
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 117.16
Deduct accrued income, last report 244. 11
361.27
Balance $ 5,713.31
Add accrued income at this date 385.94
Add other income 62.00
Total earned income during year $ 6, 161.25
Expenses
Interest paid on borrowed money $ 501.80
Earned discount on prepaid stock 62.00
Total expenses 1,079.24
$ 1,643.04
Net earned income during year 4,518.21
Balance of profits at beginning of year 7,213.01
Total profits $ 11,731.22
Deduct profits paid or credited during year on prepaid stock | 92. 16
Deduct profits paid during the year on stock withdrawn 436.47
Deduct profits paid or credited during year on matured stock 1,576.50
2,105.13
Balance of profits at close of year_ $ 9,626.09
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Per
Share
Per Series
Equalized
Investment
Profits
Per
Share
Per Series
Value
Per
Share
11
12
13
14
15.
16.
17.
18.
19.
20.
21.
22.
23-
24-
25-
26.
27-
28.
29-
33
174
42
180
12
22
139
18
23
53
143
79
161
355
384
198
631
315
435
335
308
291
269
252
235
226
209
187
169
152
130
113
96
74
61
47
30
13
168
154.5
146
135
126.5
118
113.5
105
94
85
76.5
S 83.75
77.00
72.75
67.25
63.00
58.75
56.50
52.25
46.75
42.25
38.00
32.50
28.25
24.00
18.50
15.25
11.75
7.50
3.25
2,763.75
13,398.00
3,055.50
12,105.00
756.00
1,292.50
7,853.50
940. 60
1,075.25
2,239.25
5,434.00
2,567.60
4,548.25
8,520.00
7,104.00
3,019.60
7,414.25
2,362.50
1,413.75
.1 464
2,069
446,
1,634,
95,
152,
891,
98,
101,
190,
415,
168,
269,
413,
266,
93,
177,
36,
310.00
991.00
103.00
175.00
634.00
515.00
372.25
752.50
073.50
336.25
701.00
171.25
250.25
220.00
400.00
604.60
942.00
618.75
896.25
495.42
2,208.68
475.99
1,743.66
102.04
162.73
951.09
105.37
107.84
203.09
443.55
179.44
276.62
440. 90
284.25
99.88
189.86
39.07
10.56
98.76
89.63
84.08
77. 93
71.50
66.14
63.34
58.10
51.43
46.08
41.10
34.77
29.96
25.24
19.25
15.75
12.05
7. 60
3.27
Building and Loan Associations
117
FIRST BUILDING AND LOAN ASSOCIATION
OF statesville. n. c.
Incorporated February 5, 1887. Commenced business February 5, 1887
President L. C. Wagner Statesville, N. C.
Vice-President E. B. Watts Statesville, N. C.
Secretary-Treasurer H. V. Furches Statesville, N. C.
Attorney L. C. Caldwell . Statesville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 10,549. 91
Fees received during year 511.25
$ 11,061.16
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 360.64
Balance ---- $ 10,700.52
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 212.65
Other income 150.00
Total earned income during year $ 11,063.17
Expenses
Total expenses $ 2,381.93
$ 2,381.93
Net earned income during year 8,681.24
Balance of profits at beginning of year 12,962.80
Total profits - . $ 21,644.04
Deduct profits paid or credited during year on prepaid stock $ 4,311.95
Deduct profits paid during the year on stock withdrawn 636. 78
Deduct profits paid or credited during year on matured stock 790.42
■ 5,739.15
Balance of profits at close of year $ 15,904.89
Appoktionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
56
82
335
168
$ 83.75
$ 6,867.50
$ 22,187.31
$ 15.19
1 1,245.71
$ 98.94
57
278
308
154.5
77.00
21,406.00
63,600.52
12.84
3,569.99
89.54
58
141
282
141.5
70.50
9,940.50
25,126.55
10.00
1,410.60
80.50
59
226
256
128.5
64.00
14,464.00
35,742.77
8.88
2,006.17
72.88
60
202
230
115.5
57.50
11,615.00
25,798.70
7.17
1,448.31
64.67
61
278
204
102.5
51.00
14,178.00
27,947.02
5.64
1,568.83
56.64
62
204
178
89.5
44.50
9,078.00
15,624.63
4.30
877.54
48.80
63
310
152
76.5
38.00
11,780.00
17,330.19
3.14
973.22
41.14
64
164
126
63.5
31.50
5,166.00
6,308.48
2.16
354.91
33.66
65
888
100
50.5
25.00
22,200.00
21,559.61
1.36
1,210.49
26.36
66
470
87
44
21.75
10,222.50
8,649.81
1.03
486.25
22.78
67
431
74
37.5
18.50
7,973.50
5,750.12
.75
323.58
19.25
68
220
61
31
15.25
3,355.00
2,000.09
.51
113.21
15.76
69
772
47
24
11.75
9,071.00
4,186.61
.30
234.88
12.05
70
327
35
18
8.75
2,861.25
990.43
.17
55.56
8.92
71
375
21
11
5.25
1,968.75
416.46
.06
23.36
5.31
72
235
8
4.5
2.00
470.00
40.67
.01
2.28
2.01
118
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF STATESVILLE, N. C.
Incorporated April 24, 1919. Commenced business May 3, 1919
President L. N. Mills Statesville, N. C.
Vice-President F. L. Johnson _Statesville, N. C.
Secretary-Treasurer E. G. Gaither Statesville, N. C.
Attorney W. A. Bristol Statesville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4, 181. 57
Fines received during year 110.80
Fees received during year 739. 75
$ 5,032.12
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 582.84
Deduct accrued income, last report 24.46
607.30
Balance $ 4,424.82
Add accrued income at this date 250.82
Total earned income during year $ 4,675.64
Expenses
Earned discount on prepaid stock $ 827.54
Total expenses 1,728.11
$ 2,555.65
Net earned income during year 2, 119.99
Balance of profits at beginning of year 358.46
Total profits I 2,478.45
Deduct profits paid during the year on stock withdrawn 75.90
Balance of profits at close of year $ 2,402.55
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
982
87
44
$ 21.75
$ 21,358.50
$ 939,774.00
S 1.10
$ 1,127.59
$ 22.85
2
392
74
37.5
18.50
7,252.00
271,950.00
.80
326.30
19.30
3
321
61
31
15.25
4,895.25
151,752.75
.55
182.08
15.80
4
901
47
24
11.75
10,586.75
254,082.00
.33
304.86
12.08
5
864
35
18
8.75
7,560.00
136,080.00
.18
163.27
8.93
6
637
21
11
5.25
3,344.25
36,785.75
.07
44.13
5.32
7
325
8
4.5
2.00
650.00
2,925.00
.01
3.50
2.01
Building and Loan Associations
119
MUTUAL BUILDING AND LOAN ASSOCIATION
OF statesville, n. c.
Incorporated October 7, 1911. Commenced business October 7, 1911
President C. M. Steele Statesville, N. C.
Vice-President D. L. Raymeh Statesville, N. C.
Secretary-Treasurer W. E. Webb Statesville, N. C.
Attorney Dorman Thompson Statesville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8,074.68
Fees received during year 417.25
$ 8,491.93
Deduct accrued income, last report i 883.56
Balance $ 7,608.37
Add accrued income at this date 834.59
Total earned income during year $ 8,442.96
Expenses
Interest paid on borrowed money $ 421.56
Total expenses 2, 609. 54
$ 3,031.10
Net earned income during year 5,411.86
Balance of profits at beginning of year 8,917.68
Total profits $ 14,329.54
Deduct profits paid during the year on stock withdrawn $ 505.77
Deduct profits paid or credited during year on matured stock 4,026.00
4,531.77
Balance of profits at close of year $ 9,797.77
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
40
325
163
$ 81.25
$ 3,250.00
S 10,187.50
$ 15.29
$ 611.58
$ 96.54
8
122
300
150.5
75.00
9,150.00
26,482.21
13.03
1,589.75
88.03
9
65
274
137.5
68.50
4,452.50
11,773.44
10.87
706. 78
79.37
10
123
248
124.5
62.00
7,626.00
18,258.40
8.91
1,096.07
70.91
11-- -
76
221
111
55.25
4,199.00
8,963.25
7.08
538.08
62.33
12
318
195
98
48.75
15,502.50
29,216.25
5.51
1,753.87
54.26
13
119
169
75
42.25
5,027.75
8,218.44
4.14
493.37
46.39
14
205
143
72
35.75
. 7,328.75
10,147.50
2.97
609.17
38.72
15
195
117
59
29.25
5,703.75
6,471.56
1.99
388.51
31.24
16
991
91
46
22.75
22,545.25
19,943.88
1.21
1,197.25
23.96
17
338
78
39.5
19.50
6,591.00
5,006.62
.89
300.57
20.39
18
394
65
33
16.25
6,402.50
4,063.12
.64
243.93
16.89
19
268
52
26.5
13.00
3,484.00
1,775.50
.40
107.08
13.40
20
544
39
20
9.75
5,304.00
2,040.00
.22
122.48
9.97
21
172
26
13.5
6.50
1,118.00
290.25
.10
17.44
6.60
22
831
13
7
3.25
2,700.75
363.56
.03
21.84
3.28
120
Building and Loan Associations
ST. PAULS BUILDING AND LOAN ASSOCIATION
OF ST. PAULS, N. C.
Incorporated September, 1920. Commenced business
President J. A. McGeachy St. Pauls, N. C.
Vice-President A. R. McEachern St. Pauls, N. C.
Secretary-Treasurer J. C. Lentz St. Pauls, N. C.
Attorney Jno. S. Butler St. Pauls, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 6.93
Fees received during year J 114.00
Total earned income during year $ 120.93
Total expenses
Balance of profits at close of year.
Expenses
-S 71.80
.$ 49.13
Building and Loan Associations
121
EDGECOMBE HOMESTEAD AND LOAN ASSOCIATION
OF tarboro, n. c.
Incorporated 1889. Commenced business August, 1889
President C. A. Johnson Tarboro, N. C.
Vice-President Geo. Howard Tarboro, N. C.
Secretary-Treasurer S. S. Nash Tarboro, N. C.
Attorney Don Gilliam Tarboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 28,570.76
Fines received during year 374. 60
Fees received during year 1,454.00
$ 30,399.36
Premiums •- 61. 75
Total earned income during year 1 30,461. 11
Expenses
Interest paid on borrowed money $ 2,336.16
Total expenses 6, 177. 90
$ 8,514.06
Net earned income during year 21, 947. 05
Balance of profits at beginning of year 42,649.96
Total profits - - I 64,597.01
Deduct profits paid during the year on stock withdrawn $ 843. 10
Deduct profits paid or credited during year on matured stock 19,126.61
19,969.71
Balance of profits at close of year I 44,627.30
Cash variations-- 428.49
Balance of profits at close of year - $ 45,055.79
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
32
314
326
163.5
$ 81.50
$ 25,591.00
$4,184,128.50
$ 14.21
S 4,606.06
1 95.71
33
425
300
150.5
75.00
31,875.00
4,797,187.50
11.64
5,280.93
86.64
34
636
274
137.5
68.50
43,566.00
5,990,325.00
9.05
6,594.38
77.55
35
664
248
124.5
62.00
41,168.00
5,125,416.00
7.91
5,642.26
69.91
36
756
221
111
55.25
41,769.00
4,636,359.00
6.37
5,103.89
61.62
37
798
195
98
48.75
38,902.50
3,812,445.00
4.95
4,196.89
53.70
38
818
169
85
42.25
34,560.50
2,937,642.50
3.94
3,233.87
46.19
39
1,042
143
72
35.75
37,251.50
2,682,108.00
2.72
2,952.57
38.47
40
1,228
117
59
29.25
35,919.00
2,119,221.00
1.89
2,332.92
31.14
41
1,742
91
46
22.75
39,630.50
1,823,003.00
1.17
2,006.83
23.92
42.'-
4,175
65
33
16.25
67,843.75
2,238,843.75
.96
2,464.61
17.21
43
2,837
39
20
9.75
27,660.75
553,215.00
.47
609.00
10.22
44
1,261
13
7
3.25
4,098.25
28,687.75
.27
31.58
3.52
122
Building and Loan Associations
TARBORO BUILDING AND LOAN ASSOCIATION
OF TARBORO, N. C.
Incorporated September 22, 1906. Commenced business October 1, 1906
President T. T. Cherey Tarboro, N. C.
Vice-President Don Williams Tarboro, N. C.
Secretary-Treasurer T. B. Jacocks Tarboro, N. C.
Attorney R. G. Allsbrook Tarboro, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 9, 846. 53
Fines received during year 20.80
Fees received during year . 600.75
—$ 10,108.08
Error in cancellation stock 5.50
Total earned income during year $ 10, 113.58
Expenses
Interest paid on borrowed money. $ 1,586.29
Total expenses 1 , 95 1 . 02
$ 3,537.31
Net earned income during year 6, 576. 27
Balance of profits at beginning of year 11,640.91
Total profits $ 18,217.18
Deduct profits paid during the year on stock withdrawn I 174.07
Deduct profits paid or credited during year on matured stock 7,021.32
7,195.39
Balance of profits at close of year $ 11,021.79
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
13
51
326
163.5
$ 81.50
$ 4,156.50
$ 679,587.75
$ 14.04
$ 717.66
% 95. 54
14
147
300
150.5
75.00
11,025.00
1,659,262.50
11.89
1,752.21
86.89
15
120
274
137.5
68.50
8,220.00
,1,130,250.00
9.93
1,193.57
78.43
16
170
248
124.5
62.00
10,540.00
1,312,230.00
8.14
1,385.74
70.14
17
153
221
111
55.25
8,453.25
938,310.75
6.44
990.87
61.99
18
265
195
98
48.75
12,918.75
1,266,037.50
5.02
1,336.96
53.77
19
153
169
85
42.25
6,464.25
549,461.25
3.77
580. 24
46.02
20
207
143
72
35.75
7,400.25
532,818.00
2.70
562.67
38.45
21
458
117
59
29.25
13,396.50
790,393.50
1.81
834.67
31.06
22
751
91
46
22.75
17,085.25
785,921.50
1.10
829.95
23.85
23
1,064
65
33
16.25
17,290.00
570,570.00
.57
601.53
16.82
24
1,083
39
20
9.75
10,559.25
211,185.00
.21
223.02
Q.96
25
487
13
7
3.25
1,582.75
11,086.25
.03
11.70
3.28
Building and Loan Associations
123
CITIZENS BUILDING AND LOAN ASSOCIATION
OF thomasville, n. c.
Incorporated June 1, 1920. Commenced business June 1, 1920
President L. E. Teagtje Thomasville, N. C.
Vice-President J. W. Prevo Thomasville, N. C.
Secretary-Treasurer Susan Green Thomasville, N. C.
Attorney Z. I. Walser Lexington, N. C.
Gain and Loss Statement
Income
Fees received during year $ 77.00
Total earned income during year $ 77.00
Expenses
Interest paid on borrowed money $ 2.40
Total expenses 154. 63
$ 157.03
Loss.
$ 80.03
124
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF thomasville, n. c.
Incorporated 1915. Commenced business December 1, 1915
President Z. Griffith Thomasville, N. C.
Vice-President G. T. Cochrane Thomasville, N. C.
Secretary-Treasurer M. H. Stone Thomasville, N. C.
Attorney B. B. Vinson Thomasville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 2,703.41
Fines received during year ^ 16.75
Fees received during year 128.00
$ 2,848.16
Add accrued income at this date - 91.00
Total earned income during year $ 2,939.16
Expenses
Interest paid on borrowed money $ 326.69
Total expenses 529.80
$ 856.49
Net earned income during year 2,082.67
Balance of profits at beginning of year 2,765.76
Total profits - $ 4,848.43
Deduct profits paid during the year on stock withdrawn 618.23
Balance of profits at close of year I 4,230.20
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
282
61
31
$ 61.00
$ 17,202.00
$ 533,262.00
$ 7.48
$ 2,114.98
$ 68.48
2
59
55
28
55.00
3,245.00
90,860.00
6.10
360.36
61.10
S...
151
48
24.5
48.00
7,248.00
177,576.00
4.66
704.29
52.66
4
165
36
18.5
36.00
5,940.00
109,890.00
2.64
435.84
38.64
5
122
30
15.5
30.00
3,660.00
56,730.00
1.84
225.00
31.84
6
175
24
12.5
24.00
4,200.00
52,500.00
1.18
208.22
25.18
7---
133
18
9.5
18.00
2,394.00
22,743.00
.57
90.20
18.57
8
251
12
6.5
12.00
3,012.00
19,578.00
.31
77.65
12.31
9
164
6
3.5
6.00
984.00
3,444.00
.08
13.65
6.03
Building and Loan Associations
125
PEOPLES BUILDING AND LOAN ASSOCIATION
OF thomasville, n. c.
Incorporated May, 1909. Commenced business July, 1909
President A. H. Ragan Thomasville, N. C.
Vice-President C. R. Thomas Thomasville, N. C.
Secretary-Treasurer T. E. Jennings Thomasville, N. C.
Attorney L. A. Martin Lexington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 6,887.95
Fees received during year 381.25
$ 7,269.20
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 32.75
Deduct accrued income, last report 56. 18
88.93
Balance - --. $ 7,180.27
Add accrued income at this date ' 61.78
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 12.00
Total earned income during year $ 7,254.05
Expenses
Interest paid on borrowed money $ 559.32
Total expenses- 1,116.76
$ 1,676.08
Net earned income during year 5,577.97
Balance of profits at beginning of year 8,712.35
Total profits $ 14,290.32
Deduct profits paid during the year on stock withdrawn.. $ 385.38
Deduct profits paid or credited during year on matured stock 2,592.00
2,977.38
Balance of profits at close of year $ 11,312.94
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
9
56
82
41.5
$ 82.00
$ 4,592.00
$ 190,568.00
$ 16.37
$ 916.84
$ 98.37
10
153
76
38.5
76.00
11,628.00
447,678.00
14.07
2,153.82
90.07
11
42
70
35.5
70.00
2,940.00
104,370.00
11.95
502.13
81.95
12
134
64
32.5
64.00
8,576.00
278,720.00
10.00
1,340.95
74.00
13
127
58
29.5
58.00
7,366.00
217,297.00
8.23
1,045.44
66.23
14
271
52
26.5
52.00
14,092.00
373,438.00
6.62
1,796.65
58.62
15
124
48
24.5
48.00
5,952.00
145,824.00
5.65
701.57
53.65
16
89
45
23
45.00
4,005.00
92,115.00
4.97
443.17
49.97
17
27
42
21.5
42.00
1,134.00
24,381.00
4.34
117.30
46.34
18
50
39
20
39.00
1,950.00
39,000.00
3.75
187.63
42.75
19
96
36
18.5
36.00
3,456.00
63,936.00
3.20
307. 60
39.20
20
69
33
17
33.00
2,277.00
38,709.00
2.69
186.23
35.69
21
104
30
15.5
30.00
3,120.00
48,360.00
2.22
232.66
32.22
22
16
27
14
27.00
432.00
6,048.00
1.79
29.10
28.79
23
332
24
12.5
24.00
7,968.00
99,600.00
1.42
479.19
25.42
24
119
21
11
21.00
2,499.00
27,489.00
1.08
132.55
22.08
25
311
18
9.5
18.00
5,598.00
53,181.00
.80
255.86
18.80
26
286
15
8
15.00
4,290.00
34,320.00
.55
165.12
15.55
27
372
12
6.5
12.00
4,464.00
29,016.00
.35
139.60
12.35
28
333
9
5
9.00
2,997.00
14,985.00
.20
72.09
9.20
29
353
6
3.5
6.00
2,118.00
7,413.00
.08
35.66
6.08
30
356
3
2
3.00
1,068.00
2,136.00
.02
10.00
3.02
126
Building and Loan Associations
PEOPLES BUILDING AND LOAN ASSOCIATION
OF TRYON, N. C.
Incorporated May 8, 1920. Commenced buisness July 3, 1920
President E. E. Missildine Tryon, N. C.
Vice-President J. A. Steelman Tryon, N. C.
Secretary-Treasurer W. F. Little Tryon, N. C.
Attorney Waltek Jones Tryon, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 133.20
Fines received during year 2. 75
Fees received during year 3.00
Total earned income during year $ 138.95
Expenses
Total expenses $ 534.09
Balance— loss $ 395.14
Note. — Under "Non-Ledger Assets $395.14 is carried to be liquidated frorn subsequent series to
apportion initial (organization) expense which includes books, stationery, etc., most of which will last
ten years.
Building and Loan Associations
127
DUPLIN RURAL BUILDING AND LOAN ASSOCIATION
OF WALLACE, N. C.
Incorporated December 21, 191L Commenced business January 1, 1912
President D. E. Boney Wallace, N. C.
Vice-President J. A. Cavanaugh, Wallace, N. C.
Secretary-Treasurer Frank B. Powers Wallace, N. C.
Attorney Geo. R. Ward Wallace, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,324.21
Fines received during year 75.59
Fees received during year 100.00
$ 1,499.80
Add accrued income at this date 611.54
Add other income 513.75
Total earned income during year $ 2,625.09
Expenses
Interest paid on borrowed money $ 222.48
Total expenses 866.50
S 1,094.98
Net earned income during year 1, 530. 11
Balance of profits at beginning of year 1,305.33
Total profits % 2,835.44
Deduct profits paid or credited during year on prepaid stock I 568.75
Deduct profits paid during the year on stock withdrawn 5.00
573.75
Balance of profits at close of year $ 2, 261. 69
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
6
15
313
157
$ 78.25
$ 1,173.75
$ 184,278.75
$ 14.65
$ 219.78
$ 92.90
7
11
287
144
71.75
789.25
113,652.00
12.32
135.54
84.07
8
9
261
131
65.25
587.25
76,929.75
10.19
91.75
75.44
10
38
209
105
52.25
1,985.50
208,477.50
6.54
248.64
58.79
11
5
182
91.5
45.50
227.50
20,816.25
4.96
24.83
50.46
12
26
. 155
78
38. ,75
1,007.50
78,585.00
3.60
93.72
42.35
13
252
131
61
32.75
8,253.00
503,433.00
2.38
600.41
35.13
14
76
104
52.5
26.00
1,976.00
103,740.00
1.62
123.72
27.62
15
57
78
39.5
19.50
1,111.50
43,904.25
.91
52.36
20.41
16
73
52
26.5
13.00
949.00
25,148.50
.41
29.99
13.41
17
281
26
13.5
6.50
1,826.50
24,657.75
.10
29.41
6.60
128
Building and Loan Associations
WARSAW BUILDING AND LOAN ASSOCIATION
OF WARSAW, N. C.
Incorporated . Commenced business May 28, 1919
President A. B. Barnes Warsaw, N. C.
Vice-President W. F. Peircb Warsaw, N. C.
Secretary-Treasurer L. D. Grady Warsaw, N. C.
fD. L. Carlton )
Attorneys <R D. Johnson > Warsaw, N. C.
(W. L. Stevens )
Gain and Loss Statement
Income
Interest on loans received during year $ 755. 72
Fines received during year 1.90
Fees received during year 370.47
Balance S 1,128.09
Total earned income during year $ 1, 128.
Expenses
Interest paid on borrowed money $ 15.20
Total expenses 1 , 089. 69
$ 1,104.89
Balance of profits at close of year 23.20
Building and Loan Associations
129
BEAUFORT COUNTY BUILDING AND LOAN ASSOCIATION
OF WASHINGTON, N. C.
Incorporated December 16, 1915. Commenced business January 29, 1916
President J. K. Hoyt Washington, N. C.
Vice-President W. H. Ellison Washington, N. C.
Secretary-Treasurer Jno. P. Stedman , Washington, N. C.
Attorney Hakry McMullan Washington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year 1 8,806.28
Fines received during year 553.25
Fees received during year 192.25
$ 9,551.78
Deduct accrued income, last report 21.23
Balance - $ 9,530.55
Add accrued income at this date , 66.11
Total earned income during year $ 9,596.66
Expenses
Interest paid on borrowed money $ 166.90
Total expenses 1 , 822. 27
$ 1,989.17
Net earned income during year 7,607.49'
Balance of profits at beginning of year _ 6,702.17
Balance of profits at close of year $ 14,309.66<
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
690
256
128.5
S 64.00
$ 44,160.00
$5,674,560.00
$ 9.08
$ 6,264.82
$ 73.09
2
38
247
124
61.75
2,346.00
290,904.00
8.50
321.16
70.25
3
164
234
117.5
58.50
9,594.00
1,127,295.00
7.66
1,244.55
66.16
4
306
208
104.5
52.00
15,912.00
1,662,804.00
6.00
1,835.77
58.00
5
165
182
91.5
45.50
7,507.50
686,936.25
4.21
757.18
49.71
6
131
156
78.5
39.00
5,109.00
401,056.50
2.84
442.97
41.84
7
73
130
65.5
32.50
2,372.50
155,398.75
2.38
171.56
34.88
8
544
104
52.5
26.00
14,144.00
742,560.00
1.53
819.80
27.52
9
1,410
78
39.5
19.50
27,495.00
1,086,052.50
.84
1,199.02
20.34
10
2,711
52
26.5
13.00
35,243.00
933,939.50
.39
1,032.09
13.39
11
1,596
26
13.5
6.50
10,374.00
140,049.00
.09
154.63
6.59
9
130
Building and Loan Associations
HOME BUILDING AND LOAN ASSOCIATION
OF WASHINGTON, N. C.
Incorporated 1902. Commenced business 1902
President F. J. Berry Washington, N. C.
Vice-President C. A. Flynn , Washington, N. C.
Secretary-Treasurer Jno. B. Sparrow Washington, N. C.
Attorneys Stewart and Bryan... Washington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 10,030.08
Fines received during year 356.95
Fees received during year 340.25
Total earned income during year $ 10,727.28
Expenses
Interest paid on borrowed money $ 1,331.19
Total expenses 1,912.39
$ 3,243.58
Net earned income during year 7,483.70
Balance of profits at beginning of year 17, 104.44
Total profits $ 24,588.14
Deduct profits paid during the year on stock withdrawn $ 262.30
Deduct profits paid or credited during year on matured stock 6,552.92
6,815.22
Balance of profits at close of year $ 17,772.92
Apportionment of Profits to December 31, 1920
Series
Number
Num-
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
ber
Shares
Per
Share
Per Series
Per
Share
Per Series
Per
Share
25
160
338
169.5
$ 84.50
S 13,520.00
$2,291,640.00
$ 16.48
$ 2,637.34
$ 100.98
26
142
312
156.5
78.00
11,076.00
1,733,394.00
14.04
1.994.88
92.04
27
177
286
143.5
71.. 50
12,655.50
1,816,044.25
11.81
2,090.00
83.31
28
370
260
130.5
65.00
24,050.00
3,138,525.00
9.75
3,609.67
74.75
29
171
234
117.5
58.50
10,003.50
1,175,411.25
7.91
1,352.72
66.41
30
280
99
208
104.5
52.00
14,560.00
1,521,520.00
6.25
1,751.04
58.25
31
182
91.5
45.50
4,504.50
412,161.75
4.79
474.34
50.29
32
223
156
78.5
39.00
8,697.00
682,714.50
3.52
785.70
42.52
33
120
130
65.5
32.50
3,900.00
255,450.00
2.44
293.98
34.94
34
702
104
52.5
26.00
18,252.00
958,230.00
1.57
1,102.78
27.57
35
914
78
39.5
19.50
17,823.00
704,008.50
.88
810.21
20.38
36
1,988
52
26.5
13.00
25,844.00
684,866.00
.40
788.18
13.40
37
844
26
13
6.50
5,486.00
71,318.00
.09
82.08
6.59
Building and Loan Associations
131
WASHINGTON BUILDING AND LOAN ASSOCIATION
OF WASHINGTON, N. C,
Incorporated 1916. Commenced business 1916
President B. F. Bowers Washington, N. C.
Vice-President C. M. Brown Washington, N. C.
Secretary Jno. D. Webb Washington, N. C.
Treasurer A. M. Dumay Washington, N. C.
Attorney W. L. Vaughan..- Washington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 4, 941. 26
Fines received during year 868.94
Fees received during year 124.00
Total earned income during year $ 5,934.30
Expenses
Interest paid on borrowed money $ 1,294.44
Total expenses 699.39
$ 1,993.83
Net earned income during year 3,940.47
Balance of profits at beginning of year 4,081.41
Balance of profits at close of year $ 8,021.88
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
630
256
128.5
$ 51.20
$ 32,256.00
$4,144,896.00
$ 7.57
$ 4,767.40
$ 58.77
2
53
229
115
45.80
2,427.40
279,151.00
6.05
321.08
51.85
3
200
204
102.5
40.80
8,160.00
836,400.00
4.81
962.02
45.61
4
101
178
89.5
35.60
3,595.60
381,806.20
4.34
439.15
39.94
5
157
152
76.5
30.40
4,772.80
365,119.20
2.67
419.96
33.07
6
359
99
50
19.80
7,108.20
355,410.00
1.14
408.77
20.94
7
409
74
37.5
14.80
6,053.20
226,995.00
.64
261.09
15.44
8
1,606
47
24
9.40
15,096.40
362,313.60
.26
416.73
9.66
9
318
26
13.5
5.20
1,653.60
22,323.60
.08
25.68
5.28
132
Building and Loan Associations
HAYWOOD HOME BUILDING AND LOAN ASSOCIATION
OF waynesville, n. c.
Incorporated October, 1919. Commenced business October 1, 1919
President Dh. J. H. Way Waynesville, N. C.
Vice-President R. L. Prevost Hazelwood, N. C.
Secretary-Treasurer J. R. Boyd Waynesville, N. C.
Attorney . Geo. H. Ward.. Waynesville, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S
Fines received during year
Fees received during year
662.03
86.00
623.70
Deduct unpaid expenses and prepaid interest on
stock loans
lortgage and
1,371.73
151.18
Balance
Add accrued income.
1,220.55
8.18
Total earned income during year S 1,228.73
Expenses
Total expenses
Net earned income during year
s
273.90
954.83
Balance of profits at close of year $
Apportionment of Profits to December 31, 1920
954.83
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
788
65
33
.$ 16.25
$ 12,805.00
$ 422,565.00
$ 0.85
$ 671.21
$ 17.10
2
849
39
20
9.75
8,277.75
165,555.00
.31
262.97
10.06
3.
345
13
7
3.25
1,121.25
7,848.75
.03
12.47
3.28
Building and Loan Associations
133
WELDON BUILDING AND LOAN ASSOCIATION
OF WELDON, N. C.
Incorporated July 1, 1914. Commenced business July 1, 1914
President W. E. Daniel.. Weldon, N. C.
Vice-President W. T. Shaw Weldon, N. C.
Secretary-Treasurer L. C. Draper Weldon, N. C.
Attorney W. L. Knight Weldon, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5, 807. 66
Fines received during year 63.45
Fees received during year 367.75
Total earned income during year $ 6,238.
Expenses
Interest paid on borrowed money $ 67.50
Total expenses 962.98
$ 1,030.48
Net earned income during year 5,208.38
Balance of profits at beginning of year 10, 677. 87
Total profits $ 15,886.25
Deduct profits paid during the year on stock withdrawn $ 175.99
Deduct profits paid or credited during year on matured stock 7,315.00
7,490.99
Balance of profits at close of year $ 8,395.26
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average •
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
2
223
312
156.5
$ 78.00
1 17,394.00
•1 523,492.50
$ 14.55
$ 3,245.26
$ 92.55
3
83
286
143. 5
71.50
5,934.50
163,768.96
12.23
1,015.25
83.73
4
89
260
130.5
65.00
5,785.00
145,186.25
10.11
900.01
75.11
5
75
234
117.5
58.50
4,387.50
99,140.25
8.19
614.60
66.69
6
107
208
104.5
52.00
5,564.00
111,815.00
6.47
693.17
58.49
7
52
182
91.5
45.50
2,366.00
41,632s 24
4.96
258.09
50.46
8
74
156
78.5
39.00
2,886.00
43,567.50
3.64
270.09
42.65
9
120
130
65.5
32.50
3,900.00
49,124.40
2.53
304.54
35.04
10
205
104
52.5
26.00
5,330.00
53,812.50
1.62
333.60
27.63
11
453
78
39.5
19.50
8,833.50
67,098.36
.91
415.99
20.42
12
666
52
26.5
13.00
8,658.00
44,122.50
.41
273.53
13.41
13
680
26
13.5
6.50
4,420.00
11,471.60
.10
71.14
6.60
134
Building and Loan Associations
WENDELL BUILDING AND LOAN ASSOCIATION
OF WENDELL, N. C.
Incorporated November 10, 1919. Commenced business December 1, 1919
President C. R. Stott Wendell, N. C.
Vice-President Dr. T. A. Griffin Wendell, N. C.
Secretary-Treasurer F. Eugene Hester Wendell, N. C.
Attorney ...F. Eugene Hester Wendell, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 58.25
Fees received during year 7. 75
$ 66.00
Rent - 49.50
Total earned income during year 1 115.50
Expenses
Total expenses - $ 302 . 82
Net loss $ 187.32
Building and Loan Associations
135
MARTIN COUNTY BUILDING AND LOAN ASSOCIATION
OF williamston, n. c.
Incorporated
Commenced business 1914
President C. H. Godwin Williamston, N. C.
Vice-President -P. B. Cove Williamston, N. C.
Secretary-Treasurer .Wheeler Martin Williamston, N. C.
Attorney Wheeler Martin Williamston, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 7,862.35
Fines received during year 37.95
Fees received during year 216.75
Total earned income during year -$ 8,117.05
Expenses
Interest paid on borrowed money $ 574.26
Adjustment 1,289.08
Total expenses 1 , 521 . 55
$ 3,384.89
Net earned income during year 4,732. 16
Balance of profits at beginning of year 9,673.36
Total profits $ 14,405.52
Deduct profits paid or credited during year on matured stock 4,592.00
Balance of profits at close of year $ 9,813.52
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
2
328
344
172.5
$ 86.00
$ 28,208.00
$4,865,880.00
$ 4.00
$ 1,311.50
S 100.20
3
272
308
154.5
77.00
20,944.00
3,235,848.00
3.21
872.14
87.47
4
445
278
139.5
69.50
30,927.50
4,314,386.25
2.61
1,162.85
77.31
5
291
226
113.5
56.50
16,441.50
1,866,110.25
1.72
502.96
60.72
6
568
174
87.5
43.50
24,708.00
2,161,950.00
1.02
582.70
45.41
7
316
121
61
30.25
9,559.00
583,099.00
.50
157.15
30.97
8
845
69
35
17.25
14,576.25
510,168.75
.16
137.49
17.42
9
521
17
9
4.25
2,214.25
19,928.25
.01
5.37
4.26
136
Building and Loan Associations
CAROLINA BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated January 9, 1912. Commenced business February 1, 1912
President E. T. Taylor Wilmington, N. C.
Vice-President S. M. Boatwright Wilmington, N. C.
Secretary-Treasurer L. W. Moore Wilmington, N. C.
Attorney J. O. Carr Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 22,396.37
Fines received during year 518.55
Fees received during year 3,465.00
$ 26,379.92
Add accrued income at this date 578. 10
Total earned income during year $ 26,958.02
Expenses
Interest paid on borrowed money $ 729.59
Total expenses 5,838.96
■ $ 6,568.55
Net earned income during year 20,389.47
Balance of profits at beginning of year 16,462.60
Total profits $ 36,852.07
Deduct interest paid or credited during year on dividend-bearing
certificates $ 1,154.94
Deduct profits paid during the year on stock withdrawn 1,390. 10
Deduct profits paid or credited during year on matured stock 6,359.25
8,904.29
Balance of profits at close of year (including $1,418.21 unapportioned) $ 27,947.78
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
9
58
326
163.5
$ 81.50
$ 4,727.00
$ 772,864.50
$ 16.31
$ 945.85
$ 97.81
10
66
308
154.5
77.00
5,082.00
785,169.00
14.55
960.91
91.55
11
198
278
139.5
69.50
13,761.00
1,919,659.50
11.86
2,349.32
81.36
12
102
256
128.5
64.00
6,528.00
838,848.00
10.02
1,026.60
74.02
13
276
226
113.5
56.50
15,594.00
1,769,919.00
7.84
2,166.06
64.34
14
182
204
102.5
51.00
9,282.00
951,405.00
6.39
1,164.35
57.39
15
191
174
87.5
43.50
8,308.50
726,993.75
4.65
889.71
48.15
16
257
152
76.5
38.00
9,766.00
747,099.00
3.55
914.32
41.55
17
379
135
68
33.75
12,791.25
869,805.00
2.81
1,064.48
36.56
18
760
121
61
30.25
22,990.00
1,402,390.00
2.25
1,716.27
32.50
19
891
100
50.5
25.00
22,275.00
1,124,887.50
1.54
1,376.66
26.54
20
765
82
41.5
20.50
15,682.50
650,823.75
1.04
796.49
21.54
21
951
69
35
17.25
16,404.75
574,166.25
.74
702.68
17.99
22
1,536
47
24
11.75
18,048.00
433,152.00
.35
530.10
12.10
23
710
30
15.5
7.50
5,325.00
82,537.50
.14
101.01
7.64
24
1,476
17
9
4.25
6,273.00
56,457.00
.04
69.09
4.29
25
1,144
. 389
4
2.5
1.00
1,144.00
2,860.00
3.50
1.00
105
165
83
82.50
32,092.50
2,663,677.50
8.38
3,259.86
90.88
106
181
139
70
69.50
12,579.50
880,565.00
5.95
1,077.65
75.45
107
195
113
57
56.50
11,017.50
627,997.50
3.94
768.56
60.44
108
778
87
44
43.50
33,843.00
1,489,092.00
2.34
1,822.38
45.84
109
1,325
61
31
30.50
40,412.50
1,252,787.50
1.16
1,533.18
31.66
110
1,722
35
18
17.50
30,135.00
542,430.00
.38
663.84
17.88
111
2,206
8
4.5
4.00
8,824.00
39,708.00
.02
48.60
4.02
Building and Loan Associations
137
CITY AND SUBURBAN BUILDING ASSOCIATION
OF WILMINGTON, N. C.
Incorporated IQIL Commenced business 1911
President Milton Caldek Wilmington, N. C.
Vice-President J. W. Brooks Wilmington, N. C.
Secretary-Treasurer W. A. McGirt Wilmington, N. C.
Attorneys Henry Heyer and Robt. Ruark Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 5,797.53
Fines received during year 286.45
Fees received during year 409.40
$ 6,493.38
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 158.35
Deduct accrued income, last report 497. 26
655.61
Balance $ 5,837.77
Add accrued income at this date : 116.08
Add accrued expense, last report 147. 75
Total earned income during year $ 6,101.
Expenses ■
Interest paid on borrowed money $ 381.69
Total expenses 1, 227. 11
$ 1,608.80
Net earned income during year 4,492.80
Balance of profits at beginning of year 6,580.61
Total profits S 11,073.41
Deduct profits paid during the year on stock withdrawn S 1, 176.24
Deduct profits paid or credited during year on matured stock 1,100.50
■ 2,276.74
Balance of profits at close of year $ 8,796.67
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
7
29
321
161
$ 80.25
$ 2,327.25
$ 374,687.25
.$ 15.51
$ 449.71
•1 95.76
8
122
296
148.5
74.00
9,028.00
1,340,658.00
13.18
1,609.09
87.18
9
103
261
135
67.25
6,926.75
935,111.25
10.90
1,122.34
78.15
10
130
243
122
60.75
7,897.50
963,495.00
8.88
1,156.41
69.63
11
56
217
109
54.25
3,038.00
331,142.00
7.09
397.44
61.34
12
94
191
96
47.75
4,488.50
430,896.00
5.50
517.17
53.25
13
158
165
83
41.25
6,517.50
540,952.50
4.11
649.26
46.36
14
137
148
74.5
37.00
5,069.00
377,640.50
3.31
453.25
40.31
15
122
135
68
33.75
4,117.50
279,990.00
2.75
336.05
36.75
16
205
121
61
30.25
6,201.25
378,276.25
2.21
454.02
32.46
17
308
96
48.5
24.00
7,392.00
358,512.00
1.40
430.29
25.40
18- A
239
82
41.5
41.00
9,799.00
406,6.58.50
1.58
488.08
42.58
19
350
69
35
17.25
6,037.50
211,312.50
1.06
253.62
18.31
20-A
276
56
28.5
28.00
7,728.00
220,248.00
.75
264.35
28.75
21
245
43
22
10.75
2,633.75
57,942.50
.16
69.54
10.91
22-A
47
30
15.5
15.00
705.00
10,927.50
.05
13.12
15.05
23
340
17
9
4.25
1,445.00
13,005.00
.03
15.61
4.28
24-A
206
4
2.5
2.00
412.00
1,030.00
1.24
138
Building and Loan Associations
CITIZENS BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated September 21, 1887. Commenced business September 24, 1887
President Geo. S. LeGrand Wilmington, N. C.
Vice-President J. C. Springer Wilmington, N. C.
Secretary-Treasurer Jno. D. Bellamy, Jr Wilmington, N. C.
Attorneys Bellamy & Bellamy • Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year S 11, 168.33
Fines received during year 308.90
Fees received during year 407.75
$ 11,884.98
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 200.03
Deduct accrued income, last report 116.20
316.23
Balance $ 11,568.75
Add accrued income at this date 62.71
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 555.28
Total earned income during year $ 12, 186. 74
Expenses
Interest paid on borrowed money $ 1,403.09
Total expenses 1,792.24
$ 3,195.33
Net earned income during year 8,991.41
Balance of profits at beginning of year 14,698.42
Total profits $ 23,689.83
Deduct profits paid during the year on stock withdrawn $ 4,918.50
Deduct profits paid or credited during year on matured stock 1,470.73
6,389.23
Balance of profits at close of year $ 17,300.60
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
48
209
313
157
1 78.25
$ 16,354.25
$2,567,617.25
1 14.31
S 2,992.38
S 92.56
49
158
287
144
71.75
11,336.50
1,632,456.00
12.04
1,902.51
83.79
50
248
261
131
65.25
16,182.00
2,119,842.00
9.96
2,470.52
75.21
51
308
235
118
58.75
18,095.00
2,135,210.00
8.07
2,488.43
66.82
52
372
208
104.5
52.00
19,344.00
2,021,448.00
6.41
2,355.85
58.33
53
158
182
91.5
45.50
7,189.00
657,793.50
4.90
766.61
50.40
54
275
156
78.5
39.00
10,725.00
841,912.50
3.61
981.19
42.61
55
483
135
68
33.75
16,301.25
1,108,485.00
2.71
1,290.69
36.46
56
555
104
52.5
26.00
14,430.00
757,575.00
1.61
882.90
27.61
57
860
78
39.5
19.50
16,770.00
662,415.00
.91
773.15
20.41
58
652
52
26.5
13.00
8,476.00
224,614.00
.41
261.77
13.41
59
703
26
13.5
6.50
4,569.50
61,688.25
.10
71.89
6.60
Building and Loan Associations
139
COOPERATIVE BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated March 17,
Commenced business
President Jos. H. Hinton Wilmington, N. C.
Vice-President W. E. Yopp Wilmington, N. C.
Secretary-Treasurer Thos. H. Wright Wilmington, N. C.
Treasurer-Secretary R. H. Northrop Wilmington, N. C.
Attorneys K. O. Burgwin and C. D. Hogue Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 14,119.04
Fines received during year 1,023.40
Fees received during year 867.00
$ 16,009.44
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 81.62
Deduct accrued income, last report 521.71
603.33
Balance $ 15,406.11
Add accrued income at this date 552.40
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 360.00
Total earned income during year $ 16,318.51
Expenses
Interest paid on borrowed money $ 2,048.93
Total expenses 3,229.90
$ 5,378.83
Net earned income during year 10,939.68
Balance of profits at beginning of year 18,682.30
Total profits $ 29,621.98
Deduct profits paid during the year on stock withdrawn $ 1,272.54
Deduct profits paid or credited during year on matured stock 6,936.00
8,208.54
Balance of profits at close of year $ 21,413.44
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
32
178
321
161
$ 80.25
$ 14,284.50
$2,299,804.50
$ 16.43
$ 2,925.35
$ 96.68
33
157
296
148.5
74.00
11,618.00
1,725,273.00
13.97
2,194.55
87.97
34
166
269
135
67.25
11,163.50
1,507,072.50
11.54
1,917.00
78.79
35
245
243
122
60.75
14,883.75
1,815,817.50
9.42
2,309.71
70.17
36
302
217
109
54.25
16,383.50
1,785,801.50
7.52
2,271.53
61.77
37
200
191
96
47.75
9,550.00
916,800.00
5.83
1,166.16
53.58
38
442
165
83
41.25
18,232.50
1,513,297.50
4.35
1,920.91
45.60
39
246
139
70
34.75
8,548.50
598,395.00
3.09
761.16
37.84
40
202
135
68
33.75
6,817.50
463,590.00
2.91
589.29
36.66
41
693
113
57
28.25
19,577.25
1,115,903.25
2.04
1,419.43
30.29
42
293
100
50.5
25.00
7,325.00
369,912.50
1.63
480.16
26.63
43
1,298
87
44
21.75
28,231.50
1,242,186.00
1.21
1,580.06
22.96
44
1,581
61
31
15.25
24,110.25
747,417.75
.60
960.72
15.85
45
1,398
35
18
8.75
12,232.50
220,185.00
.20
280.08
8.95
46
276
26
13.5
13.00
3,588.00
48,438.00
.22
61.61
13.22
47
2,037
8
4.5
2.00
4,074.00
18,333.00
.10
23.32
2.10
140
Building and Loan Associations
HANOVER BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated 1907. Commenced business June 1, 1907
President J. W. Yates Wilmington, N. C.
Vice-President A. S. Yeager Wilmington, N. C.
Secretary-Treasurer H. F. Wilder Wilmington, N. C.
Attorney C. D. Weeks Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 9,062.32
Fines received during year 777.05
Fees received during year 1,096.25
-$ 10,935.62
Deduct accrued income, last report 917.16
Balance $ 10,018.46
Add accrued income at this date 823.23
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 65.30
Total earned income during year $ 10,
Expenses
Interest paid on borrowed money.-, $ 1,869.94
Total expenses 2,415.74
$ 4,285.68
Net earned income during year . 6,621.31
Balance of profits at beginning of year 10,633.39
Total profits $ 17,254.70
Deduct profits paid during the year on stock withdrawn $ 687.52
Deduct profits paid or credited during year on matured stock 3,805.00
4,492.52
Balance of profits at close of year_ I 12,761.18
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per .
Share
Per Series
Per
Share
Per Series
20
67
326
163.5
1 81.50
$ 5,460.50
$ 892,791.75
$ 16.62
$ 1,113.82
$ 98.12
21
100
300
150.5
75.00
7,500.00
1,167,500.00
14.50
1,450.30
89.50
22
76
274
137.5
68.50
5,206.00
715,825.00
11.75
893.05
80.25
23
217
248
124.5
62.00
13,454.00
1,675,023.00
9.63
2,089.71
71.63
24
162
221
111
55.25
8,950.50
993,505.50
7.65
1,239.46
62.90
25
148
195
98
48.75
7,215.00
707,070.00
5.96
882.12
54.71
26
203
168
84.5
42.00
8,526.00
720,447.00
4.42
898.81
46.42
27
213
143
72
35.75
7,614.75
548,262.00
3.21
684.00
38.96
28
156
135
68
33.75
5,265.00
358,020.00
2.86
446.66
36.61
29
159
117
59
29. 25
4,650.75
274,394,25
2.15
342.33
31.46
30
846
91
46
22.75
19,246.50
885,339.00
1.31
1,104.53
24.06
31
658
65
33
16.25
10,692.50
352,852.50
.76
440.21
17.01
32
867
39
20
9.75
8,453.25
169,065.00
.24
210.93
9.99
33
718
13
7
3.25
2,333.50
16,334.50
.02
20.38
3.27
101
197
78
39.5
39.00
7,683.00
303,478.50
1.92
378.62
40.92
102
559
52
26.5
26.00
14,534.00
385,151.00
.85
480.51
26.85
103
396
26
13.5
13.00
5,148.00
69,498.00
.21
86.74
6.71
Building and Loan Associations
141
HOME BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated March 22, 1915. Commenced business April 3, 1915
President D. D. Boylan Wilmington, N. C.
Vice-President J. H. Niggel Wilmington, N. C.
Secretary-Treasurer W. P. Fletcher Wilmington, N. C.
Attorney Herbert McClammy Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 1,327.21
Fines received during year 107.55
Fees received during year 273.75
Total earned income during year $ 1,708.51
Expenses
Interest paid on borrowed money $ 307. 54
Total expenses 635.65
$ 943.19
Net earned income during year 765.32
Balance of profits at beginning of year 999.99
Total profits $ 1,765.31
Deduct profits paid during the year on stock withdrawn 131.32
Balance of profits at close of year $ 1,633.99
Appoktionment of Profits to December 31, 1920
Serise
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
1
37
300
150.5
$ 75
00
$ 2,775
00
$ 417,637
50
$ 11.92
1 441
32
$ 86.92
2
8
287
144
71
75
574
00
82,656
00
10.91
87
34
82.66
3
18
269
135
67
25
1,210
50
163,417
50
9.59
172
68
76.84
4
12
252
126.5
63
00
756
00
95,634
00
8.42
101
06
71.42
5
31
235
118
58
75
1,821
25
214,907
50
7.32
227
09
66.07
6
1
217
109
54
25
54
25
5,913
25
6.25
6
25
6.25
7
12
204
102.5
51
00
612
00
62,730
00
5.52
66
29
59.77
8
14
178
89.5
44
50
623
00
55,758
50
4.21
58
93
55.21
9
39
135
68
33
75
1,316
25
89,505
00
2.42
94
58
46.92
10
7
121
61
30
25
211
75
12,916
75
1.95
13
65
35.70
11
40
108
54.5
27
00
1,080
00
58,860
00
1.55
62
20
31.80
12
44
96
48.5
24
00
1,056
00
51,216
00
1.23
54
12
28.23
13
108
78
39.5
19
50
2,106
00
83,187
00
.81
87
90
24.81
14
140
61
31
15
25
2,135
00
66,185
00
.50
69
94
20.00
15
160
43
22
10
75
1,720
00
37,840
00
.25
39
99
11.00
16
135
26
13.5
6
50
877
50
11,846
25
.09
12
52
6.59
17
161
8
4.5
2
00
322
00
1,449
00
1
53
2.00
101*
70
39
20
19
50
1,365
00
27,300
00
4.12
28
85
23.62
102*
96
17
9
8
50
816
00
7,344
00
.80
7
76
9.30
*50c series.
142
Building and Loan Associations
MECHANICS HOME BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated May 9, 1889. Commenced business May 11,
President Walker Taylor
Vice-President L. Stein
Secretary-Treasurer Wm. Struthers, Jr
Attorney W. B. McKoy
-Wilmington, N. C.
-Wilmington, N. C.
-Wilmington, N. C.
-Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 11,002.42
Fines received during year 322 . 25
Fees received during year 395.25
$ 11,719.92
Add accrued income at this date 238.75
Total earned income during year $ 11,958.67
Expenses
Interest paid on borrowed money I 2,498.15
Earned discount on prepaid stock 174.31
Total expenses 2,148.30
$ 4,820.76
Net earned income during year 7,137.91
Balance of profits at beginning of year 15,495.43
Total profits S 22,633.34
Deduct profits paid during the year on stock withdrawn $ 1,062. 61
Deduct profits paid or credited during year on matured stock 5,374.00
6,436.61
Balance of profits at close of year $ 16,196.73
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
49
154
313
157
$ 78.25
$ 12,050.50
$1,891,928.50
$ 15.62
$ 2,405.82
$ 93.87
50
247
287
144
71.75
17,722.25
2,552,004.00
13.13
3,245.18
84.88
51
179
261
131
65.25
11,679.75
1,530,047.25
18.87
1,945.64
76.12
52
222
235
118
58.75
13,042.50
1,539,015.00
8.81
1,957.04
67.56
53
378
208
104.5
52.00
19,656.00
2,054,052.00
6.91
2,611.98
58.91
54
139
m
91.5
45.50
6,324.50
578,691.75
5.29
735.88
50.79
55
220
156
78.5
39.00
8,580.00
673,530.00
3.89
856.47
42.89
56
365
135
68
33.75
12,318.75
837,675.00
2.91
1,065.20
36.66
57
395
104
52.5
26.00
10,270.00
539,175.00
1.73
685.63
27.73
58
291
78
39.5
19.50
5,674.50
224,142.75
.98
285.02
20.48
59
191
52
26.5
13.00
2,483.00
65,799.50
.43
83.67
13.43
60
721
26
13.5
6.50
4,686.50
63,267.75
.11
80.45
6.61
Building and Loan Associations
143
METROPOLITAN TRUST COMPANY
OF WILMINGTON. N. C.
Incorporated March, 1893. Commenced business March, 1893
President J. E. Taylor Wilmington, N. C.
Vice-President J. H. Johnson Wilmington, N. C.
Secretary-Treasurer Thomas Sweet Wilmington, N. C.
Attorney S. M. Empie Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 886.40
Fines received during year 62.20
Fees received during year 63.25
$ 1,011.85
Deduct accrued income, last report 2.01
Balance $ 1,009.84
Add other income 15.27
Total earned income during year $ 1,025.11
Expenses
Interest paid on borrowed money $ 109.44
Total expenses 326.01
$ 435.45
Net earned income during year 589. 66
Balance of profits at beginning of year 1,045. 15
Total profits $ 1,634.81
Deduct profits paid during the year on stock withdrawn $ 200.46
Deduct profits paid or credited during year on matured stock 224.00
424.46
Balance of profits at close of year $ 1,210.35
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
42
16
324
162.5
$ 81.00
$ 1,296.00
$ 210,600.00
1 8.63
$ 138.26
$ 89.63
43
20
304
152.5
76.00
1,520.00
231,800.00
7.60
152.06
83.60
44
2
286
143.5
71.50
143.00
20,520.50
6.73
13.46
78.23
45
40
274
137.5
68.50
2,740.00
376,750.00
6.17
247.15
74.16
46
28
250
125.5
62.50
1,750.00
219,625.00
5.01
143.50
67.51
47
11
231
115.5
57.75
635.50
73,400.25
4.31
47.92
61.86
48
13
222
111.5
55.50
721.50
80,447.25
4.06
52.77
59.56
49
52
202
101.5
50.50
2,626.00
266,539.00
3.36
174.85
53.86
50
15
169
85
42.25
633.75
53,868.75
2.37
35.34
44.62
51
35
148
74.5
37.00
1,295.00
96,477.50
1.80
63.28
38.80
52
16
116
58.5
29.00
464.00
27,144.00
1.11
17.80
30.11
53
94
96
48.5
24.00
2,256.00
109,416.00
.78
73.25
24.78
54
96
65
33
16.25
1,560.00
51,480.00
.35
33.77
16.57
55
93
43
22
10.75
999.75
21,994.50
.15
14.25
10.90
56
180
13
7
3.25
585.00
4,095.00
2.69
3.25
144
Building and Loan Associations
NORTH CAROLINA HOME BUILDING ASSOCIATION
OF WILMINGTON, N. C.
Incorporated March 31, 1890. Commenced business April 12, 1890
President J. W. Freeman Wilmington, N. C.
Vice-President T. D. Lane Wilmington, N. C.
Secretary-Treasurer Jas. Owen Reilly Wilmington, N. C.
Attorneys Jno. D. Bellamy & Son Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8,271.71
Fines received during year 167.21
Fees received during year 579.70
$ 9,018.62
Deduct accrued income, last report 595.08
Balance $ 8,423.54
Add accrued income at this date 827.86
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 928.70
Total earned income during year $
Expenses
Interest paid on borrowed money $ 2,104.25
Total expenses 1 , 883 . 82
$ 3,988.07
Net earned income during year 6, 192.03
Balance of profits at beginning of year 9,973.82
Total profits $ 16,165.85
Deduct profits paid during the year on stock withdrawn $ 580.71
Deduct profits paid or credited during year on matured stock 4,438.50
5,019.21
Balance of profits at close of year $ 11,146.64
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
53
94
326
163.5
$ 81.50
.1 7,661.00
$1,252,573.50
$ 13.82
$ 1,299.19
$ 95.32
54
60
304
152.5
76.00
4,560.00
695,400.00
12.02
721.28
88.02
55
93
287
144
71.75
6,672.75
960,876.00
10.71
996.64
82.46
56
37
274
137.5
68.50
2,534.50
348,493.75
9.76
361.46
78.26
57
51
261
131
65.25
3,327.75
435,935.25
8.86
452.16
74.11
58
134
248
124.5
62.00
8,308.00
1,034,346.00
8.00
1,072.84
70.00
59
69
230
115.5
57.50
3,967.50
458,246.25
6.88
475.30
64.38
60
90
213
107
53.25
4,792.50
512,797.50
5.90
531.88
59.15
61
80
200
100.5
50.00
4,000.00
402,000.00
5.21
416.96
55.21
62
147
182
91.5
45.50
6,688.50
611,997.75
4.31
634.78
49.81
63
141
161
81
40.25
5,675.25
459,695.25
3.38
476.81
43.63
64
70
148
74.5
37.00
2,590.00
192,955.00
2.85
200.14
39.85
65
307
135
68
33.75
10,361.25
704,565.00
2.38
730.79
36.13
66
205
117
59
29.25
5,996.25
353,778.75
1.79
366.95
31.04
67
344
104
52.5
26.00
8,944.00
469,560.00
1.41
487.04
27.41
68
315
91
46
22.75
7,166.25
329,647.50
1.08
341.92
23.83
69-
314
78
39.5
19.50
6,123.00
241,858.50
.79
250.86
20.29-
70
499
65
33
16.25
8,108.75
267,588.75
.55
277.55
16.80
71
319
52
26.5
13.00
4,147.00
109,895.50
.35
113.99
13.35
72
474
35
18
8.75
4,147.50
74,655.00
.16
77.43
8.91
73
123
26
13.5
13.00
1,599.00
21,586.50
.18
22.39
13.18
74
441
13
7
3.25
1,433.25
10,032.75
.02
10.42
3.27
Building and Loan Associations
145
ORTON BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated February 7, 1913. Commenced business February 15, 1913
President Thos. E. Cooper Wilmington, N. C.
Vice-President W. I. Baxter Wilmington, N. C.
Secretary-Treasurer Wm. G. James Wilmington, N. C.
Attorneys , Wright & Stevens Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
Add accrued income at this date
6,548.98
256.20
852.00
7,657.18
523.38
Total earned income during year $
.56
Expenses
Interest paid on borrowed money $ 1,512.03
Total expenses 1,431.02
Net earned income during year
Balance of profits at beginning of year
Total profits
Profits returned to shareholders.
-I 2,943.05
5,237.51
5,186.43
.$ 10,423.94
4,062.94
Balance of profits at close of year $ 6,361.00
Apportionment of Peofits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
6
23
326
163
5
$ 81
50
$ 1,874
50
1 306,480
75
$ 14.78
% 340
06
$ 96.28
7
14
308
154
5
77
00
1,078
00
166,551
00
13.20
184
80
90.20
• 8
36
291
146
72
75
2,619
00
382,374
00
11.78
424
27
84.53
9
45
274
137
5
68
50
3,082
50
423,843
75
10.45
470
28
78.95
10
52
256
128
5
64
00
3,328
00
427,648
00
9.12
474
50
73.12
11
77
239
120
59
75
4,600
75
552,090
00
7.95
612
57
67.70
12
15
221
111
55
25
828
75
91,991
25
6.80
102
07
62.05
13
82
204
102
5
51
00
4,182
00
428,655
00
5.80
475
62
56.80
14
41
187
94
46
75
1,916
75
180,174
50
4.87
199
91
51.62
15
86
169
85
42
25
3,633
50
308,847
50
3.98
342
68
46.23
16
58
152
76
5
38
00
2,204
00
168,606
00
3.22
187
08
41.22
17
87
135
68
33
75
2,936
25
199,665
00
2.54
221
54
36.29
18
85
117
59
29
25
2,486
25
146,688
75
1.91
162
76
31.16
19
200
100
50
5
25
00
5,000
00
252,500
00
1.40
280
16
26.40
20
659
82
41
5
20
50
13,509
50
560,644
25
.94
622
07
21.44
21
131
65
33
16
25
2,128
75
70,248
75
.59
77
94
16.84
22
597
47
24
11
75
7,014
75
168,354
00
.31
186
80
12.06
23
508
30
15
5
7
50
3,810
00
59,055
00
.13
65
52
7.63
24
511
13
7
3
25
1,660
75
11,625
25
.03
12
91
3.28
101
236
74
37
5
37
00
8,732
00
327,450
00
1.53
363
32
38.53
102
240
21
11
10
50
2,520
00
27,720
00
.12
30
76
10.62
10
146
Building and Loan Associations
PEOPLES BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated April, 1906. Commenced business April 7, 1906
President W. E. Perdew Wilmington, N. C.
Secretary-Treasurer D. R. Foster Wilmington, N. C.
Attorney Woodus Kellum Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 7,903.92
Fines received during year 519.45
Fees received during year 1,403.00
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans, this report $ 65.00
Deduct accrued income, last report 268.92
$ 9,826.37
333.92
Balance I 9,492.45
Add accrued income at this date 15.26
Total earned income during year $ 9,508.71
Expenses
Interest paid on borrowed money $ 1,635.46
Total expenses 2,415.69
I 4,051.15
Net earned income during year 5,457.56
Balance of profits at beginning of year 9,433.07
Total profits - - $ 14,890.63
Deduct profits paid during the year on stock withdrawn $ 1,061.06
Deduct profits paid or credited during year on matured stock 3,735.25
4,796.31
Balance of profits at close of year $ 10,094.32
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
27
62
317
159
1 79.25
•S 4,913
50
$ 781,246
50
,1 16.74
$ 1,037
96
$ 95.99
28
49
300
150
5
75.00
3,675
00
553,087
50
14.99
734
83
89.99
29
79
282
141
5
70.50
5,569
50
788,084
25
13.25
1,047
04
83.75
30
41
265
133
66.25
2,716
25
361,261
25
11.71
479
97
77.96
31
106
248
124
5
62.00
6,572
00
818,214
00
10.25
1,087
07
72.25
32
59
230
115
5
57.50
3,392
50
391,823
75
8.79
520
57
66.29
33
98
213
107
53.25
5,218
50
558,379
50
7.55
741
86
60.80
34
60
195
98
48.75
2,925
00
286,650
00
6.33
380
84
55.08
35
92
178
.89
5
44.50
4,094
00
366,413
00
5.27
486
81
49.77
36
94
161
81
40.25
3,783
£0
306,463
50
4.32
407
16
44.57
37
125
143
72
35.75
4,468
75
321,750
00
3.41
427
47
39.16
38
44
135
68
33.75
1,485
00
100,980
00
3.04
134
16
36.79
39
111
126
63
5
31.50
3,496
50
222,027
75
2.65
294
98
34.15
40
315
108
54
5
27.00
8,505
00
463,522
50
1.95
615
83
28.95
41
293
91
46
22.75
6,665
75
306,624
50
1.38
407
38
24.13
42
514
74
37
5
18.. 50
9,509
00
356,587
50
.92
473
76
19.42
43
726
56
28
5
14.00
10.164
00
289,674
00
.52
384
86
14.52
44
1,061
39
20
9.75
10,344
75
206,895
00
.26
274
88
10.01
45
610
30
15
5
7.50
4,575
00
70,912
50
.31
94
22
15.31
46
583
21
11
5.25
3,060
75
33,668
25
.08
44
73
5.33
47
532
4
2
5
1.00
532
00
1,330
00
1
78
1.00
Building and Loan Associations
147
PROGRESSIVE BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated 1912. Commenced business 1912
President Jos. W. Little Wilmington,
Vice-President W. N. Harriss Wilmington,
Secretary-Treasurer Fred E. Little Wilmington,
Attorney Jos. W. Little Wilmington,
Gain and Loss Statement
Income
Interest on loans received during year $ 15,701.55
Fines received during year 1 , 275. 34
Fees received during year 4,419.80
N. C.
n. c.
n. c.
N. C.
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans, this report $ 800.01
Deduct accrued income, last report 280.08
$ 21,396.
1,080.09
Balance I 20,316.60
Add accrued income at this date 840.00
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 837.92
Total earned income during year $ 21,
.52
Expenses
Interest paid on borrowed money $ 4,186. 15
Total expenses 5,861.74
Net earned income during year 11,
Balance of profits at beginning of year 13,
$ 10,047.89
946.63
010.48
Total profits I 24,957.11
Deduct profits paid during the year on stock withdrawn $ 434.74
Deduct profits paid or credited during year on matured stock 2,847.50
3,282.24
Balance of profits at close of year... $ 21,674.87
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
9
15
326
163.5
$ 81.50
$ 1,222.50
$ 199,878.75
$ 16.00
$ 240.05
$ 97.50
10
129
304
152.5
76.00
9,804.00
1,495,110.00
13.92
1,795.60
89.92
11
39
291
146
72.75
2,837.25
414,238.50
12.74
497.50
85.59
12
55
278
139.5
69.50
3,822.50
533,238.75
11.64
640.41
81.14
13
32
265
133
66.25
2,120.00
281,960.00
10.58
338.61
76.83
14
120
252
126.5
63.00
7,560.00
956,340.00
9.57
1,148.54
72.59
15
39
235
118
58.75
2,291.25
270,367.50
8.33
324.71
67.08
16
66
226
113.5
56.50
3,729.00
423,241.50
7.70
508.30
64.20
17
218
213
107
53.25
11,608.50
1,242,109.50
6.85
1,491.72
60.09
18
83
200
100.5
50.00
4,150.00
417,075.00
6.03
500.90
56.03
19
444
187
94
46.75
20,757.00
1,951,158.00
5.28
2,343.30
52.03
20
61
174
87.5
43.50
2,653.50
232,181.25
4.57
278.84
48.07
21
204
148
74.5
37.00
7,548.00
562,326.00
3.31
675.34
40.31
22
439
135
68
■ 33.75
14,816.25
1,007,505.00
2.93
1,290.00
36.68
23
190
121
61
30.25
5,747.50
350,597.50
2.22
421.06
32.47
24
160
108
54.5
27.00
4,320.00
235,440.00
1.76
282.76
28.76
25
953
96
48.5
24.00
22,872.00
1,109,292.00
1.40
1,332.24
25.40
26
1,282
82
41.5
20.50
26,281.00
1,090,661.50
1.02
1,309.86
21.52
27
844
69
35
17.25
14,559.00
509,565.00
.73
611.98
17.98
28
1,401
56'
28.5
14.00
19,614.00
558,999.00
.48
671.35
14.48
29
1,503
43
22
10.75
16,157.25
355,459.50
.28
426. 90
11.03
30
2,297
30
15.5
7.50
17,227.50
267,026.25
.14
320.70
7.64
31
2,532
17
9
4.25
10,761.00
96,849.00
.04
116.32
4.29
32
973
4
2.5
1.00
973.00
2,432.50
2.92
1*
439
39
20
39.00
17,121.00
342,420.00
.94
411.23
39.94
2*
482
21
11
21.00
10,122.00
111,342.00
.28
133.72
21.28
*$1.00.
148
Building and Loan Associations
RURAL BUILDING AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated May, 1905. Commenced business May, 1905
President J. Holmes Davis Wilmington, N. C.
Vice-President Marshall Shrier Wilmingtpn, N. C.
Secretary-Treasurer Jas. Owen Reilly Wilmington, N. C.
Attorney M. Bellamy, Jr Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 8,283.52
Fines received during year 281.06
Fees received during year 772.00
-$ 9,336.58
Deduct accrued income, last report 404.85
Balance I 8,931.73
Add accrued income at this date 216.38
Add other income 63.01
Total earned income during year I 9,211.12
Expenses
Interest paid on borrowed money $ 1,313.30
Total expenses 1 , 738 . 56
.$ 3,051.86
Net earned income during year 6, 159.26
Balance of profits at beginning of year 9,638.63
Total profits . $ 15,797.89
Deduct profits paid during the year on stock withdrawn I 597.97
Deduct profits paid or credited during year on matured stock 3,388.50
3,986.47
Balance of profits at close of year. I 11,811.42
Apportionment of Profits to December 31, 1920
Num-
ber
Shares
58
80
55
36
178
123
130
112
109
122
95
262
235
384
331
384
743
484
596
Age in
Weeks
321
308
291
269
256
239
217
204
187
165
152
135
113
100
82
61
47
30
Average
Time
161
154.5
146
135
128.5
120
109
102.5
94
83
76.5
68
57
50.5
41.5
31
24
15.5
4.5
Due to be Paid
Per
Share
$ 80.25
77.00
72.75
67.25
64.00
59.75
54.25
51.00
46.75
41.25
38.00
33.75
28.25
25.00
20.50
15.25
11.75
7.50
2.00
Per Series
4,654.50
6,160.00
4,001.25
2,421.00
11,392.00
7,349.25
7,052.50
5,712.00
5,095.75
5,032.50
3,610.00
8,842.50
6,638.75
9,600.00
6,785.50
5,856.00
8,730.25
3,630.00
1,192.00
Equalized
Investment
$ 749,374
951,720
584, 182
326,835
1,463,872
881,910
768,722
585,480
479,000
417,697
276,165
601,290
378,408
484,800
281,598
181,536
209,526
56,265
5,364,
Profits
Per
Share
15.47
14.24
12.71
10.87
9.84
8.58
7.08
6.25
5.26
4.09
3.48
2.74
1.92
1.51
1.01
.56
.33
.13
.01
Per Series
897.28
1,139.56
699.48
391.34
1,752.80
1,055.97
920.45
701.04
573.54
500.14
330.67
719.97
453.10
580.48
337.18
217.37
2c 0.88
67.37
6.42
Building and Loan Associations
149
WILMINGTON HOMESTEAD AND LOAN ASSOCIATION
OF WILMINGTON, N. C.
Incorporated August 11, 1886. Commenced business August 14,
President J. Hicks Bunting.
Vice-President Jno. R. Hanby
Secretary-Treasurer C. C. Bbown
Attorney Jno. D. Bellamy.
-Wilmington, N. C.
-Wilmington, N. C.
-Wilmington, N. C.
-Wilmington, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 6,870.96
Fines received during year 51.46
Fees received during year 412.50
-$ 7,334.92
Deduct accrued income, last report 291.89
Balance $ 7,043.03
Add accrued income at this date 508.06
Total earned income during year $ 7,551.09
Expenses
Interest paid on borrowed money $ 1,157.61
Total expenses 1 , 163. 70
$ 2,321.31
Net earned income during year . 5,229.78
Balance of profits at beginning of year 10,581.25
Total profits .| 15,811.03
Deduct profits paid during the year on stock withdrawn $ 645.87
Deduct profits paid or credited during year on matured stock 5,228.08
5,873.95
Balance of profits at close of year , $ 9,937.08
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
67
20
326
163.5
$ 81.50
$ 1,630.00
8 266,505.00
1 14.95
$ 299.07
1 96.45
68
83
313
157
78.25
6,494.75
1,019,675.75
13.76
1,144.28
92.01
69
85
300
150.5
75.00
6,375.00
959,437.50
12.66
1,076.68
87.66
70
29
287
144
71.75
2,080.75
299,628.00
11.59
336.24
83.34
71
44
274
137.5
68.50
3,014.00
414,425.00
10.56
465.07
79.06
72
87
261
131
65.25
5,676.75
743,654.25
9.59
834.53
74.84
73
121
248
124.5
62.00
7,502.00
933,999.00
8.66
1,048.13
70.66
74
82
235
118
58.75
4,817.50
568,465.00
7.77
637.93
66.52
75
81
221
111
55.25
4,475.25
496,752.75
6.88
557.46
62.13
76
126
208
104.5
52.00
6,552.00
684,684.00
6.09
768.35
58.09
77
41
195
98
48.75
1,998.75
195,877.50
5.36
219.85
54.11
78
80
182
91.5
45.50
3,640.00
333,060.00
4.76
373.76
50.26
79
41
169
85
42.25
1,732.25
147,241.25
4.03
165.23
46.28
80
59
156
78.5
39.00
2,301.00
180,628.50
3.43
202.70
42.43
81
151
135
68
33.75
5,096.25
346,545.00
2.57
388.89
36.32
82
51
117
59
29.25
1,491.75
88,013.25
2.12
98.77
31.37
83
133
104
52.5
26.00
3,458.00
181,545.00
1.61
203. 73
27.61
84
131
91
46
22.75
2,980.25
137,091.50
1.23
153.84
23.98
85
191
78
39.5
19.50
3,724.50
147,117.75
.91
165.09
20.41
86
105
65
33
16.25
1,706.25
56,306.25
.63
63.19
16.88
87
228
52
26.5
13.00
2,964.00
78,546.00
.40
88.14
13.40
88
539
39
20
• 9.75
5,255.25
105,105.00
.23
117.95
9.98
89-A
32
26
13.5
13.00
416.00
5,616.00
.20
6.30
13.20
90
82
26
13.5
6.50
533.00
7,195.50
.10
8.07
6.60
91
206
13
7
3.25
669.50
. 4,686.50
.01
5.26
3.26
92-B
5
13
7
13.00
65.00
455.00
.10
.51
13.11
150
Building and Loan Associations
ATLANTIC BUILDING AND LOAN ASSOCIATION
OF WILSON, N. C.
Incorporated 1907. Commenced business October 5, 1907
President W. S. Harriss Wilson, N. C.
Vice-President F. N. Bridgers . Wilson, N. C.
Secretary-Treasurer Geo. T. Stronach Wilson, N. C.
Attorney F. D. Swindell Wilson, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $
Fines received during year
Fees received during year
12,040.73
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 40.00
Balance $ 12,000.73
Salaries 300.00
Total earned income during year $ 12,300.73
Expenses
Interest paid on borrowed money $ 40.56
Total expenses 2 , 788 . 63
$ 2,829.19
Net earned income during year 9,471.54
Balance of profits at beginning of year 17,524.69
Total profits $ 26,996.23
Deduct profits paid during the year on stock withdrawn $ 773.65
Deduct profits paid or credited during year on matured stock 7,417.50
8,191.15
Balance of profits at close of year $ 18,805.08
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
15
101
326
163.5
$ 81.50
« 8,231.50
$1,345,850.25
1 15.53
$ 1,568.64
$ 97.03
16
238
300
150.5
75.00
17,850.00
2,686,425.00
13.15
3,131.13
88.15
17
228
274
137.5
68.50
15,618.00
2,147,475.00
10.98
2,502.97
79.48
18
235
248
124.5
62.00
14,570.00
1,813,965.00
8.99
2,114.25
70.99
19
359
221
111
55.25
19,834.75
2,201,657.25
7.15
2,566.12
62.40
20
333
195
98
48.75
16,233.75
1,590,907.50
5.57
1,854.27
54.32
21
335
169
85
42.25
14,153.75
1,203,068.75
4.18
1,402.22
46.43
22
343
143
72
35.75
12,262.25
882,882.00
3.00
1,029.03
38.75
23
281
117
59
29.25
8,219.25
484,935.75
2.01
565.21
31.26
24
743
91
46
22.75
16,903.25
777,549.50
1.22
906.26
23.97
25
1,177
65
33
16.25
19,126.25
631,166.25
.63
735.65
16.88
26
1,780
39
20
9.75
17,355.00
347,100.00
.23
404.56
9.98
27
934
13
7
3.25
3,035.50
21,248.50
.03
24.77
3.28
Building and Loan Associations
151
THE WILSON HOME BUILDING AND LOAN ASSOCIATION
OF WILSON, N. C.
Incorporated October 24, 1889. Commenced business January 4, 1890
President Jas. T. Wiggins Wilson, N. C.
Vice-President R. G. Briggs Wilson, N. C.
Secretary-Treasurer Ernest Deans Wilson, N. C.
Attorney John F. Bruton Wilson, N. C.
•
^ Gain and Loss Statement
Income
Interest on loans received during year . $ 14,720.64
Fines received during year 259.40
Fees received during year 1,063.00
$ 16,043.04
Deduct accrued income, last report 1,316.79
Balance $ 14,726.25
Add accrued income at this date 1,671.94
Total earned income during year .$ 16, 398. 19
Expenses
Interest paid on borrowed money $ 2.50
Total expenses 3,085.47
$ 3,087.97
Net earned income during year 13,310.22
Balance of profits at beginning of year 24,332.35
Total profits $ 37,642.57
Deduct profits paid or credited during year on prepaid stock $ 9,814.75
Deduct profits paid during the year on stock withdrawn 1,389.99
11,204.74
Balance of profits at close of year $ 26,437.83
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
48
23
330
165.5
$ 82.50
•1 1,895.25
$ 313,663.87
$ 15.22
$ 350. 15
$ 97.72
49
32
331
166
82.75
2,630.50
436,663.00
15.23
487.46
97.98
50
231
313
157
78.25
18,075.75
2,837,892.75
13.71
3,168.00
91.96
51
241
287
144
71.75
17,291.75
2,490,012.00
11.53
2,779.66
83.28
52
520
261
131
65.25
33,930.00
4,444,830.00
9.54
4,961.86
74.79
53...
223
235
118
58.75
13,101.25
1,545,947.50
7.74
1,725.78
66.49
54
742
208
104.5
52.00
38,584.00
4,032,028.00
6.06
4,501.04
58.06
55
283
182
91.5
45.50
12,876.50
1,178,199.75
4.64
1,315.25
50.14
56
372
156
78.5
39.00
14,508.00
1,138,878.00
3.42
1,271.36
42.42
57
359
130
65.5
32.50
11,667.50
764,221.25
2.37
853.12
34.87
58
898
105
53
26.25
23,572.50
1,249,342.50
1.55
1,394.67
27.80
59
1,116
78
39.5
19.50
21,762.00
859,599.00
.86
959.59
20.36
60
2,327
52
26.5
13.00
30,251.00
801,651.50
.39
894.90
13.39
61
1,052
26
13.5
6.50
6,838.00
92,313.00
.09
103.05
6.59
152
Building and Loan Associations
CITIZENS BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated April 18, 1912. Commenced business May 1, 1912
President ^ Jas. G. Hanes Winston-Salem, N. C.
Vice-President Jas. O. Cobb Durham, N. C.
Secretary-Treasurer W. Carey Brown Winston-Salem, N. C.
Attorneys Hastings & Whicker Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year...-- $ 4,001.29
Fines received during year 10.00
Fees received during year 304.46
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 75.50
Deduct accrued income, last report * 7.25
-$ 4,315.75
82.75
Balance 1 $ 4,233.00
Add accrued income at this date 609.09
Total earned income during year $ 4,842.09
Expenses
Interest paid on borrowed money $ 937.34
Total expenses 565.36
-$ 1,502.70
Net earned income during year 3,339.39
Balance of profits at beginning of year 665.79
Total profits $ 4,005. 18
Deduct profits paid or credited during year on prepaid stock $ 2,183.68
Deduct profits paid during the year on stock withdrawn 197.21
2,380.!
Balance of profits at close of year 1,624.29
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
Class B..
5
60
30.5
$ 60.00
1 300.00
1 9,150.00
S 5.72
$ 28.60
$ 65.72
10
57
29
57.00
570.00
16,530.00
5.17
51.67
62.17
33
48
24.5
48.00
1,584.00
38,808.00
5.20
121.30
53.20
10
47
24
47.00
470.00
11,280.00
3.52
35.26
50.52
60
44
22.5
44.00
2,640.00
59,400.00
3.09
185.56
47.09
10
43
22
43.00
430.00
9,460.00
2.95
29.57
45.95
12
42
21.5
42.00
504.00
10,836.00
2.82
33.88
44.82
9
38
19.5
38.00
342.00
6,669.00
2.31
20.84
40.31
11
34
17.5
34.00
374.00
6,545.00
1.86
20.46
35.86
20
30
15.5
30.00
600.00
9,300.00
1.45
29.07
31.45
28
24
12.5
24.00
672.00
8,400.00
.93
26.25
24.93
80
23
12
23.00
1,840.00
22,080.00
.86
69.02
23.86
37
22
11.5
22.00
814.00
9,361.00
.79
29.26
22.79
50
21
11
21.00
1,050.00
11,550.00
.72
36.10
21.72
15
20
10.5
20.00
300.00
3,150.00
.65
9.85
20.65
56
19
10
19.00
1,064.00
10,640.00
.59
33.26
19.59
30
18
9.5
18.00
540.00
5,130.00
.53
16.03
18.53
172
17
9
17.00
2,924.00
26,316.00
.47
82.25
17.47
10
16
8.5
16.00
160.00
1,360.00
.42
4.25
16.42
10
15
8
15.00
150.00
1,200.00
.37
3.75
15.37
70
14
7.5
14.00
980.00
7,350.00
.33
22.88
14.33
190
13
7
13.00
2,470.00
17,290.00
.28
54.04
13.28
10
12
6.5
12.00
120.00
780.00
.24
2.43
12.24
105
11
6
11.00
1,155.00
6,930.00
.20
21.66
11.20
50
10
5.5
10.00
500.00
2,750.00
.17
8.60
10.17
63
9
5
9.00
567.00
2,835.00
.14
8.86
9.14
80
8
4.5
8.00
640.00
2,880.00
.11
9.00
8.11
95
7
4
7.00
665.00
2,660.00
.09
8.31
7.09
59
3
2
3.00
177.00
354.00
.05
1.11
3.05
23
2
1.5
2.00
46.00
69.00
.22
Class D..
5
22
11.5
66.00
330.00
3,795.00
11.86
Building and Loan Associations
153
FEALTY BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated January 16, 1913. Commenced business January 20, 1913
President John W. Fries Winston-Salem, N. C.
Secretary Walter G. Jerome Winston-Salem, N. C.
Treasurer John W. Fries Winston-Salem, N. C.
Attorney David H. Blair Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 3,849.95
Collected for expenses 609.00
Total earned income during year $ 4,458.95
Expenses
Interest paid on borrowed money $ 3,025.55
Total expenses 771.01
— $ 3,796.56
Net earned income during year 662.39
Balance of profits at beginning of year 3,697.63
Balance of profits at close of year $ 4,360.02
154
Building and Loan Associations
MUTUAL BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated September 1, 1920. Commenced business September 1, 1920
President R. M. Hanes Winston-Salem, N. C.
Vice-President K. E. Shaw Winston-Salem, N. C.
Secretary-Treasurer E. P. Yates Winston-Salem, N. C.
Attorney J. H. Whicker Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 525.04
Fines received during year 17.00
Total earned income during year $ 542.04
Total expenses
Balance of loss at close of year.
Expenses
.$ 1,580.02
$ 1,037.9&
Building and Loan Associations
155
PIEDMONT BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated 1903. Commenced business January 1, 1907
President N. L. Cranford Winston-Salem, N. C.
Vice-President E. R. Messick Winston-Salem, N. C.
Secretary-Treasurer N. Mitchell Winston-Salem, N. C.
Attorney D. H. Blair Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 33,094.99
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans 328.00
Balance $ 32,766.99
Add accrued income at this date 12.00
Total earned income during year $ 32,778.99
Expenses
Interest paid on borrowed money $ 2,342.76
Total expenses 2,196.19
$ 4,538.95
Net earned income during year 28,240.04
Balance of profits at beginning of year _• 6,252.45
Total profits : $ 34,492.49
Deduct profits paid or credited during year on prepaid stock I 20,558.69
Deduct profits paid during the year on stock withdrawn 195.85
Deduct profits paid or credited during year on matured stock 1,072.00
21,826.54
Balance of profits at close of year $ 12,665.95
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
9
11
84
42.5
S 84.00
$ 924.00
$ 39,270.00
$ 17.13
$ 188.40
$ 101.13
10
46
80
40.5
80.00
3,680.00
149,040.00
15.54
715.03
95.54
11
10
68
34.5
68.00
680.00
23,460.00
11.25
112.55
79.25
12
67
63
32
63.00
4,221.00
135,072.00
9.67
648.02
72.67
13
76
57
29
57.00
4,332.00
125,628.00
7.93
602.72
64.93
14
28
51
26
51.00
1,428.00
37,128.00
6.36
178.12
57.36
15
78
45
22
45.00
3,521.00
77,462.00
4.76
371.63
49.76
16
98
39
20
39.00
3,822.00
76,440.00
3.74
366.73
42.74
17
273
33
17
33.00
9,009.00
153,153.00
2.69
734.77
35.69
18
161
27
14
27.00
4,347.00
60,858.00
1.81
291.97
28.81
19
1,633
21
11
21.00
34,293.00
377,223.00
1.11
1,809.76
22.11
20
2,248
15
8
15.00
33,720.00
269,760.00
.57
1,294.20
15.57
21
2,750
9
5
-9.00
24,750.00
123,750.00
.21
593.70
9.21
22
878
3
2
3.00
2,634.00
5,268.00
.02
25.27
3.02
156
Building and Loan Associations
STANDARD BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated April 1, 1908. Commenced business April 6, 1908
President A. H. Eller Winston-Salem, N. C.
Vice-President E. W. O'Hanlon Winston-Salem, N. C.
Secretary-Treasurer Leon Cash Winston-Salem, N. C.
Attorney H. G. Hudson Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 44,697.58
Fines received during year 58.45
Fees received during year 5,793.00
$ 50,549.03
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 204.25
Deduct accrued income, last report 1,111.61
1,315.86
Balance $ 49,233.17
Add accrued income at this date 1,619.46
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 187.55
Total earned income during year , $ 51,040.18
Expenses
Interest paid on borrowed money $ 1,436.70
Total expenses 8, 826. 58
S 10,263.28
Net earned income during year 40,776.90
Balance of profits at beginning of year 24, 154.00
Total profits $ 64,930.90
Deduct profits paid or credited during year on prepaid stock $ 21,295.03
Deduct profits paid during the year on stock withdrawn 1,297.50
Deduct profits paid or credited during year on matured stock 9,424.00
Adjustment, loan account $5,700.00; adjustment, instalment
account $323.92 . 6,023.92
38,040.45
Balance of profits at close of year $ 26,890.45
Adjustment paid up, Stacy 400.00
$ 27,290.45
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Weeks
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Average
Time
Per
Share
Per Series
Per
Share
Per Series
14
150
325
163
$ 81
25
$ 12,187
50
$ 38,203
12
$ 15.35
$ 2,302
70
$ 96.60
15
149
299
150
74
75
11,137
75
32,128
10
13.11
1,936
53
87.86
16
176
273
137
68
25
12,012
00
31,647
00
10.84
1,907
53
79.07
17
429
247
124
61
25
26,490
75
64,131
79
9.01
3,865
55
70.26
18
517
220
110.5
55
00
28,435
00
60,424
34
7.04
3,642
09
62.04
19
523
195
98
48
75
25,496
25
47,358
32
5.17
2,854
53
53.92
20
242
182
91.5
45
50
11,011
00
19,375
10
4.83
1,167
84
50.33
21
122
169
85
42
25
5,154
50
8,425
62
4.16
507
86
46.41
22
236
156
78.5
39
00
9,204
00
13,894
50
3.56
837
49
42.56
23
498
143
72
35
75
17,803
50
24,651
00
2.98
1,485
84
38.73
24
252
130
65.5
32
25
8,190
00
10,316
25
2.47
621
81
34.72
25
266
117
59
29
25
7,780
50
9,714
60
2.20
585
55
31.45
26
1,006
104
52.5
26
00
26,156
00
26,599
80
1.59
1,603
30
27.59
27
1,082
91
46
22
75
24,615
50
21,557
70
1.20
1,299
39
23.95
28
1,241
78
39.5
19
50
24,199
50
18,147
79
.88
1,093
86
20.38
29
1,233
968
65
33
16
25
20,036
25
12,552
47
.61
754
79
16.86
30
52
26.5
13
00
12,584
00
6,301
61
.39
379
83
13.39
31
1,430
39
20
9
75
13,942
50
5,228
43
.22
315
14
9.97
32
992
26
13.5
6
50
6,448
00
1,708
15
.10
102
96
6.60
33
1,056
13
7
3
25
3,432
00
429
00
.02
25
86
3.27
Building and Loan Associations
157
WINSTON-SALEM BUILDING AND LOAN ASSOCIATION
OF WINSTON-SALEM, N. C.
Incorporated November, 1889. Commenced business November, 1889
President W. T. Vogler Winston-Salem, N. C.
Vice-President H. F. Shaffner Winston-Salem, N. C.
Secretary-Treasurer G. A. Fallin Winston-Salem, N. C.
Attorney T. W. Watson Winston-Salem, N. C.
Gain and Loss Statement
Income
Interest on loans received during year $ 67,917.96
Fines received during year 483.45
Fees received during year 1,859.95
$ 70,261.36
Deduct unpaid expenses and prepaid interest on mortgage and
stock loans $ 637.94
Deduct accrued income, last report 2,241. 13
2,879.07
Balance $ 67,382.29
Add accrued income at this date 3,921.93
Add accrued expense and prepaid interest on mortgage and stock
loans December 31st, previous year 584.77
To adjust instalment account of current year 452.00
Total earned income during year $ 72,340.99
Expenses
Interest paid on borrowed money $ 7,025.07
Total expenses 8,239.97
$ 15,265.04
Net earned income during year 57,075.95
Balance of profits at beginning of year 39,123.94
Total profits $ 96, 199. 89
Deduct profits paid or credited during year on prepaid stock $ 26,312.83
Deduct profits paid during the year on stock withdrawn 2, 174.70
Deduct profits paid or credited during year on matured stock 10,552.50
Credited to deficit charges 5,947.19
44,987.22
Balance of profits at close of year $ 51,212.67
Apportionment of Profits to December 31, 1920
Series
Number
Num-
ber
Shares
Age in
Months
Average
Time
Due to be Paid
Equalized
Investment
Profits
Value
Per
Share
Per
Share
Per Series
Per
Share
Per Series
17
373
85
43
$ 85.00
$ 31,705.00
$1,363,315.00
$ 17.16
$ 6,403.82
$ 102.16
18
428
80
40.5
80.00
34,240.00
1,386,720.00
15.21
6,513.76
95.21
19
393
74
37.5
74.00
29,082.00
1,090,575.00
13.03
5,122.70
87.03
20
390
68
34.5
68.00
26,520.00
914,940.00
11.01
4,297.70
79.01
21
839
62
31.5
62.00
52,018.00
1,638,567.00
9.17
7,696.75
71.17
22
688
56
28.5
56.00
38,528.00
1,098,048.00
7.49
5,157.80
63.49
23
371
50
25.5
50.00
18,550.00
473,025.00
5.98
2,221.91
55.98
24
488
45
23
45.00
21,960.00
505,080.00
4.86
2,372.48
49.86
25
407
39
20
39.00
15,873.00
317,460.00
3.66
1,491.19
42.66
26
786
33
17
33.00
25,938.00
440,946.00
2.63
2,071.23
35.63
27
680
27
14
27.00
18,360.00
257,040.00
1.77
1,207.38
28.77
28
3,121
21
11
21.00
65,541.00
720,951.00
1.09
3,386.48
22.09
29
3,462
15
8
15.00
51,930.00
415,440.00
.56
1,951.42
15.56
30
3,133
9
5
9.00
28,197.00
140,985.00
.21
662.24
9.21
31
735
3
2
3.00
2,205.00
4,410.00
.03
20.72
3.03
SUMMARY TABLES
SHOWING RECEIPTS AND DISBURSEMENTS, ASSETS AND LIABILITIES, STOCK
EXHIBIT, AND NATURE OF BUSINESS DONE BY BUILDING AND
LOAN ASSOCIATIONS OF NORTH CAROLINA FOR THE
YEAR ENDING DECEMBER 31, 1920
160
Building and Loan Associations
TABLE No. I—
SHOWING INCOME OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
Name of Association
Albemarle
Asheboro
Asheville
Badin
Beaufort
Belhaven
Belmont
Bessemer City.
Brevard
Burlington
Canton
Carthage
Charlotte
Chapel HilL--.
Clinton
Cherryville
China Grove.-.
Clayton
Concord
Dallas
Davidson
Durham
Edenton
Elizabeth City
Elkin
Enfield
Fairmont -
Farmville
Fayetteville
Forest City
Gastonia
Goldsboro
Graham
Granite Falls-.
Greensboro
Greenville
Hamlet
Henderson
Hendersonville
Henrietta
Hickory
Hiddenite
High Point
Albemarle
Home Builders
Randolph County
Peoples
Blue Ridge
Home
West Asheville
Badin
Beaufort
Belhaven
Belmont
Bessemer City
Brevard
Alamance Home
Mutual
Canton
Citizens
Mechanics Perpetual- -
Mecklenburg
Mutual
Orange County
Clinton
Cherryville
Rowan County
Clayton
Cabarrus County
Citizens
Concord Perpetual
Peoples
Davidson
Durham
Home
Peoples
Edenton
Albemarle
Albemarle
Elkin-Jonesville
Enfield
Fairmont
Farmville
Cape Fear
Cross Creek
Home
Forest City
Gastonia Mutual
Home
Piedmont
Citizens
Goldsboro
Home
Graham
Granite
Gate City
Greensboro
Home
Pioneer
Home
Hamlet
Home
Laborer's
Mutual
First
Mutual
Hiddenite
High Point Perpetual.
Building and Loan Associations
161
RECEIPTS
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920
Installments
20,972.25
80,272.75
13,724.00
16,197.00
297,872.10
63,220.72
3,779.00
7,976.00
Prepaid
Stock
2,500.00
"24'300^00
Borrowed
Money
10,250.00
25,000.00
3,000.00
9,000.00
Profits
2,430.30
8,246.72
1,521.05
2,934.51
60,298.54
9,376.94
768.62
892.74
Other
Income
14.83
Total
Income
23,402.55
88,519.47
17,745.05
29,381.51
407,470.64
75,612.49
4,547.62
17,868.74
12,306.25
41,906.75
7,663.50
901.06
4,860.29
639.22
13,207.31
46,767.04
8,302.72
32,281.03
6,825.89
3,200.00
3,000.00
8,700.00
3,725.45
1,043.45
135.64
42,342.12
16,569.34
688,896.00
15,683.50
1,071,794.75
6,295.25
14,420.00
32,824.28
33,375.81
45,080.50
209,355.25
131,116.50
123,771.25
9,065.00
7,359.25
174,535.75
47,563.00
1,162.85
21,289.75
58,700.00
5,000.00
325.00
372,800.00
4,700.00
674.42
17,500.00
9,500.00
11,126.38
417,311.12
28,000.00
34,000.00
9,500.00
750.00
59,250.00
17,527.55
6,200.00
117,254.55
3,457.96
152,724.83
341.40
768.03
2,213.70
4,580.35
7,032.94
24,978.74
16,723.41
18,562.40
392.73
1,061.81
27,105.89
3,649.56
106.30
2,779.56
5,019.15
4.15
28,242.31
87.10
3,303.83
75,592.47
3,246.82
116.00
291.19
484.73
816,169.70
19,470.61
,684,261.89
11,336.65
15,949.55
52,537.98
47,456.16
66,543.65
727,237.58
175,839.91
179,580.47
9,573.73
9,462.25
260,891.64
78,240.11
1,269.15
30,754.04
30,924.78
7,500.00
4,332.61
42,856.14
27,810.50
3,691.00
27,827.75
13,896.00
174,393.00
46,666.00
28,380.60
142,078.85
172,780.06
20,100.00
844.99
10,517.42
6,400.00
43,417.04
19,002.82
4,700.00
2,500.00
66,426.87
3,640.95
467.67
5,584.80
846.16
26,063.86
5,544.81
3,059.67
20,174.46
20,489.24
8.63
39.30
48.10
12,020.97
716.99
60^50'
51,551.45
5,012.29
43,929.97
14,742.16
243,873.90
71,252.93
42,588.37
176,774.28
260,413.16
137,877.50
22,000.00
124,000.00
30,559.90
314,497.
46,516.00
17,579.67
170,409.00
3,604.00
146,991.00
3,691.00
164,917.75
8,363.50
20,970.57
73,963.85
590.24
198,305.75
64,879.75
5,149.00
158,142.00
11
3,500.00
28,806.00
1,000.00
41,100.00
88,880.00
9,100.00
10,900.00
10,000.00
435.00
3,144.00
31,087.80
20,100.00
6,500.00
60,750.00
6
492
02
1
424
04
30.72
27
456
03
951.23
1
16
127
20
841
21
989.80
449
17
22
027
74
1
288
63
100.00
3
548
46
2,000.00
8
905
59
93
170
40
822
30
7,688.97
9
963
11
922.52
454
07
7.62
28
328
94
3,615.03
81,814.02
23,534.43
198,816.26
3,731.20
205,922.01
4,140.17
275,825.49
18,852.13
26,519.03
103,769.44
761.17
277,904.82
95,865.38
12,545.69
253,979.97
162
BriLDING AND LoAN ASSOCIATIONS
TABLE No. I—
5H0WING INCOME OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
High Point-
Hillsboro
Kernersville
Kings Mountain.
Kinston.
Landis
Leaksville.
Lenoir
Lexington.
Lincolnton.
Lumberton.
Madison
Maiden
Marion.
Maxton.
Monroe.
Mooresville
Morehead City.
Morganton
Morven
Mount Airy
Mount Gilead.
Mount Holly..
Mount Olive.-
Nashville
New Bern
Newton
Norlina
North Wilkesboro.
Norwood
Oxford. __
Pinetops.
Raeford-.
Raleigh..
Name of Association
Randleman
Red Springs
Reidsville
Roanoke Rapids.
Robersonville
Rockingham
Rockwell
Rocky Mount
Rowland
Ruthcrfordton...
Salisbury
Mutual
Piedmont
Hillsboro
Kernersville
Kings Mountain
Eureka
Mutual
Home
Boulevard
Twin City
Citizens
Mutual
Lexington
Lexington Perpetual.
Mutual
Lincolnton
Peoples _.
Robeson
Madison
New Home
Home
McDowell
Home
Peoples
Perpetual
Mooresville
Morehead City
Morganton
Morven
Workmen's
Peoples Mutual
Mount Holly
Mount Olive
Mutual
Home
New Bern
Citizens
Cooperative
North Wilkesboro
Norwood
Oxford
Pinetops
Raeford
Capital
Citizens
Mutual
Raleigh
Randleman
Red Springs
Progressive
Rockingham
Roanoke Rapids
Peoples
Richmond County
Peoples Cooperative- -
Citizens
Mutual
New Home
Rocky Mount
Rowland
Citizens
Citizens Cooperative.
Home
Perpetual
Salisbury-Spencer
Building and Loan Associations
163
RECEIPTS— Continued
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Installments
Prepaid
Stock
Borrowed
Money
Profits
Other
Income
Total
Income
$
$
1
$
1
$
100,580.00
16,366.00
38,000.00
9,000.00
20,368.85
2,069.88
158,948.85
27,435.88
37,767.00
2,835.75
44,563.25
14,834.11
23,850.75
53,308.00
57,217.12
44,963.16
10,269.00
88,587.00
21,389.00
43,393.75
16,646.30
9,976.75
13,272.00
11,597.25
18,200.00
10,000.00
1,638.52
1,150.00
5,406.46
725.63
• 6,377.75
1,977.67
2,957.02
6,325.33
19,784.24
15,606.24
5,104.27
76,477.73
5,199.90
52,091.00
16,811.78
29,682.77
70,633.33
178,326.36
162,359.40
23,496.75
146,304.75
49,832.74
55,123.48
20,581.99
14,766.38
22,611.60
24,527.00
2,875.00
11,000.00
101,325.00
101,790.00
2,500.00
9,000.00
43,700.00
3,000.00
4,000.00
1,200.00
3,000.00
6,725.00
11,320.32
1,727.75
14,017.75
1,968.74
6,029.73
2,735.69
1,789.63
2,554.60
1,609.43
23,475.00
1,700.00
60.00
49,493.48
• 13,942.75
12,181.57
52,825.00
4,750.00
2,000.00
8,616.58
826.29
1,440.95
322.29
213.51
1.70
111,257.35
19,732.55
15,624.22
50,198.25
10,247.00
44,496.00
2,315.00
61,054.75
9,900.75
16,093.50
26,300.00
2,080.00
6,370.14
1,060.87
7,502.81
564.63
9,857.93
1,922.42
1,995.59
84,948.39
11,322.87
66,863.81
6,879.63
70,912.68
29,306.25
19,089.09
15.00
165.00
14,700.00
4,000.00
416.25
14,900.00
1,000.00
2,166.83
29,412.00
78,838.00
99,592.50
6,268.00
13,160.00
8,012.08
57,941.00
21,556.50
7,490.18
13,000.00
100,100.00
15,200.00
9,400.00
2,500.00
7,300.00
34,500.00
11,596.41
5,000.00
4,580.00
13,760.88
15,713.79
1,391.59
1,732.36
464.98
9,401.67
2,416.21
1,383.76
201.18
1,608.50
1,118.04
47,193.23
194,307.38
131,624.33
22,159.59
17,417.46
15,777.06
101,842.67
35,569.12
13,873.94
5^i66"oo
25.10
226,667.75
111,558.70
37,053.56
375,280.01
15,009.50
2,800.00
603.10
36.97
18,449.57
16,745.50
44,947.75
13,550.80
24,731.50
5,638.50
88,890.00
9,955.00
40,215.00
114,634.00
17,850.00
22,601.48
2,000.00
10,500.00
13,200.00
5,000.00
3,500.00
92,500.00
4,449.47
11,000.00
25,000.00
2,500.00
8,575.00
2,945.36
6,004.94
2,193.89
4, 153.42
'416.02
■ 18,869.91
23.25
7,585.16
15,330.05
3,059.24
4,153.60
21,690.86
70,807.19
28,944.69
33 884.92
9,554.52
207,493.14
20,845.92
58,800.16
155,137.40
23,409.24
44,230.08
8,700.00
654.50
7,233.23
6,418.20
173.35
8,900.00
48,262.39
43,660.50
44,100.00
7,552.87
174.00
143,749.76
164
Building and Loan Associations
TABLE No. I—
SHOWING INCOME OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
• •
Name of Association
Sanford
Sanford... . _ . . _ . ......
Scotland Neck _
Home.. .... . ...
Selma . _
Selma. . _ .... . ... ... . ...
Shelby
Shelby _■
Smithfield
Shelby and Cleveland County . . ..
Smithfield
Southport . - - . _
Southport - _ . . - _ ...
Spray
Home.. ... . . ._ .....
Statesville _ _ _
First _
Stony Point.. . _
Home ... . - ... ... __ .. _ ... . _.
Mutual. . . _-_ _ .. ... - ___ .
Stony Point . . . ....
St. Pauls
St. Pauls
Tarboro
Edgecombe Homestead and Loan ....... _
Thomasville . .. _ ...
Tarboro.- ._ . . . . . . .
Citizens ... ._ .. .....
Try on ... . .
Homp>__. ........ ... .... .. ._ ..
Peoples.. ... -
Wadesboro. . - _
Anson... . . _ ...... _. ......
Wallace _ . _ ...
Duplin Rural .. . _____ ... .. .
Warsaw...
Warsaw _ __. . ________ _ . .
Washington... _ . ...
Beaufort County ...___ _ *._ .
Home _ . . _ . _ . . ... . .....
Washington .. _ . ... .. . . . .....
Haywood Home ..__. .. .__. ..
Weldon... . _ _ ___ .. . ._ _ .
Wendell- . . . _
Wendell _ . ._ .._._.._. . . . ...
Martin County -._ . _ . _.. __ ___ __
Wilmington . _ _ .
Wilson.. . _
Carolina.. .. .. ..._.__ __ ___
City and Suburban ........ . ... _ __..
Citizens __ .........
Cooperative. ... ... ... . ....
Hanover .. _ _. ... ....
Home. - . . _ _ . _ . .
Mechanics Home. ._ _ _ ...... .... ...
Metropolitan Trust ______ __ . . . ... ._ _ . .
North Carolina Home ..... . __
Orton
Peoples .. . . . ....... .......
Progressive... . ....... . .. _.
Rural.. ... .. .. ......... .
Wilmington Homestead and Loan. _ _ .... ... ...
Atlantic... __ .. ...... ______ .....
Winston-Salem .. _ _
Wilson Home. .. _ _ __ _ .....____ ...
Citizens.. _ ___ __ _. .... _..
Zebulon. . . . ....
Fealty
Mutual ...... . .....
Peoples ... ... .
Piedmont . .. . ._ ... __ _ .. ... . . _ _ __ .
Standard _ _ .. _ _ ........ ..__..._....
Winston-Salem.. . ___ . _ _ ___ _.....
Totals
Building and Loan Associations
165
RECEIPTS— Continued
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Installments
29,712.00
63,614.50
9,649.00
259,818.25
103,944.50
86,962.75
24,684.25
44,409.50
68,255.65
39,955.25
52,500.25
Prepaid
Stock
13,600.00
22,775.00
34,138.00
16,801.00
Borrowed
Money
6,000.00
60,800.00
1,800.00
103,100.00
14,525.00
97,809.66
5,000.00
14,000.00
8,000.00
Profits
3,151.74
10,893.00
585.75
33,069.67
16,549.86
11,641.13
4,617.69
6,074.58
11,061.16
5,032.12
8,491.93
Other
Income
650.90
35,779.11
13,015.73
6,138.00
150.00
4,920.28
2,705.25
205,143.96
59,935.25
2,216.00
17,474.00
48,912.00
3,084.75
20,000.00
5,500.00
4,000.00
12,133.73
4,100.00
120.93
30,399.36
10,108.08
77.00
2,848.16
7,269.20
138.95
18,677.25
8,019.86
234.38
8,511.50
22,338.75
91,430.03
72,458.75
35,059.80
19,440.25
38,181.75
2,656.50
40,791.25
331,877.00
47,861.75
65,859.75
110,069.50
85,217.00
13,240.52
47,636.00
7,245.75
55,954.70
73,468.72
25,910.00
176,459.25
54,152.25
37,434.25
81,668.00
113,409.00
14,912.75
57,599.78
40,705.00
3,500.00
1,000.00
14,000.00
27,000.00
10,500.00
7,000.00
500.00
82,000.00
12,800.00
12,200.00
9,550.00
31,445.00
2,000.00
33,500.00
45,900.00
12,700.00
19,300.00
5,600.00
34,702.26
4,400.00
19,477.92
22,900.00
15,200.00
9,000.00
1,500.00
24,300.00
1,499.80
1,128.09
9,551.78
10,727.28
5,934.30
1,370.55
6,238.86
7.75
8,117.05
26,379.92
6,493.38
11,884.98
16,009.44
10,935.62
1,708.51
11,719.92
1,011.85
9,018.62
7,657.18
9,826.37
21,396.69
9,336.58
7,334.92
12,040.73
16,043.04
4,288.75
3,849.95
542.04
513.75
"6"775^59'
5,270.00
6.18
"49!^ 50
27.50
63.01
4,509.25
3,376.48
641.00
,350.50
161,064.85
202,350.00
285,450.00
99,550.00
101,235.17
103,450.00
il3'037^70"
32,766.99
50,549.03
70,261.36
328.00
2,922.33
10,376,585.73
1,155,832.84
3,365,042.18
1,633,178.47
,263.93
166
Building and Loan Associations
TABLE No. II—
SHOWING NATURE OF DISBURSEMENTS OF BUILDING AND LOAN ASSOCIATIONS
tvity or 1 own
JName oi Association
Stock Retired
A 1U 1
A lU 1
$ 15,024.00
22, 189.00
1,981.00
12,858.00
279,325.75
26,500.07
627.50
Asheville -
Blue Ridge ... ....
Badin _ ... . .
West Asheville .. . . .
Badin
Beaufort.. . ...
Belhaven _ __
Belhaven ... . . . ....... ....
T3 1
18,324.75
1,334.25
Canton. . . _ .
Mutual... . . __ ... . .. .
17,127.00
2,137.41
Carthage. .....
Mechanics Perpetual .. . -._ .. ..
501,372.00
32,956.50
525,726.50
702.50
394.90
8,450.50
17,332.00
20,359.50
69, i^b. 50
55, 955. 75
88,294.75
650.00
4,144.75
89,493.25
1,391.75
1,291.48
10,811.45
Chapel Hill
Mecklenburg. ... . ... ._ ..
Mutual ..
Urange County . _ ...
Clinton . . ....
^.^imion. _. _ . ._
China Grove -._ .
Rowan County ... .
Clayton _ . . . .
Clayton... .....
Concord . ... ......
JJailas. ... ...
Concord Perpetual.. _ . ...
Peoples.. _ . . .
Davidson . . .
JJurham ... .
JJurnam.. _ ..... .
Edenton.. .
Peoples. ....... . __-
Edenton .... . .. _ .
Elizabeth City
Albemarle. . . . ........
Albemarle.- . . .. ..
3,562.75
Elkin
Peoples .. . . . _. ...
Elkin-Jonesville . . _ .
Enfield
iiintiela . ... .. . .. . ...
7 Qftft
/, oyU. 10
Fairmont..
Fairmont- ..... .. .
FarmviUe.. ....
Farmville - . . . ..
41,846.25
750.00
QA /lAO OK
o4, 4Di). ZO
10,680.00
5,993.01
85,612.10
45,813.75
Fayetteville.. ..
Cape Fear.. .... .... . ..
Forest City . ....
Uross Creek... — . -- —
Home-- -. . -. .... -.
Forest City .. — . . . .. ..
Gastonia . . . ...
Gastonia Mutual .. . .....
Goldsboro .
Home... -- ... .. . . .
Citizens . .. . . .
Graham ....
Goldsboro .. . -- -
77,794.00
Graham -- -- -
16,770.00
1,001.00
Granite Falls.. ... ..
Granite- -- -- . . ...
Greensboro
Gate City
Greenville ..
50,947.25
2,806.75
99,658.00
1,230.00
11,953.73
9,644.03
2,261.74
179,015.75
Home .. ... ..
Hamlet. .... . . ...
Hamlet . ... . ... . .. .
Henderson. ......
Hendersonville ..
Home... - - - - - .
Laborers --- - ... ...
Henrietta
Hickory _ . ..
Building and Loan Associations
167
DISBURSEMENTS
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Profits
Returned to
Shareholders
Borrowed
Money
Interest
Expenses
Other
Disburse-
ments
Total
Disburse-
ments
$ 2,166.16
2,732.88
156.12
2,255.63
45,005.50
3,295.25
28.84
$
$
S 479. 64
1,833.39
462.16
521.25
12,299.30
1,899.46
128.93
218.10
$
$ 17,669.80
40,534.00
4,928.04
26,329.86
352,473.69
40,698.51
2,417.67
741.80
13,000.00
2,150.00
10,200.00
15,000.00
8,000.00
1,500.00
778.73
178.76
494.98
815.73
1,003.73
132.40
523.70
27.41
763.75
1,363.58
350.17
763.75
20,204.85
1,684.42
516.52
2,385.81
119.24
7,325.00
6,150.00
427.04
227.18
780.07
254.59
35.76
28,080.68
8,888.42
86,592.51
5,437.75
82,931.90
5,000.00
3,325.00
377,405.25
1,200.00
2,381.64
64.13
9,192.81
65.16
14,055.75
972.20
27,956.54
478.87
857.40
722.10
803.67
1,819.42
3,602.46
3,905.21
2,857.26
376.12
367.12
4,443.95
2,197.89
75.30
742.79
6,165.97
81.00
33,457.25
615,567.87
42,836.58
1,056,670.25
2,446.53
1,258.30
18,836.05
23,158.80
40,042.20
536,252.32
96,966.59
148,919.62
1,026.12
5,179.28
174,916.33
6,289.37
1,366.78
21,250.34
6.00
402.50
2,303.05
1,966.59
10,127.89
7,641.32
14, 240s 84
8,725.00
2,500.00
11,676.38
384,274.80
28,900.00
38,000.00
535.95
220.08
569.18
2,539.45
564.31
831.16
3,651.13
66,381.22
4,695.61
663.50
14,628.50
3.91
46.70
672.18
66,303.93
2,027.55
1,582.11
7,700.00
259.85
154.14
37.00
15,000.00
245.26
1,233.33
128.36
122.74
20,201.08
128.36
815.50
11,600.00
797.34
8.63
193.68
598.75
285.16
830.50
355.61
3,699.49
1,544.27
1,220.40
4,016.47
4,984.45
21,202.34
293.79
54,658.69
1,105.61
161,413.86
17,265.70
12,989.56
102,092.35
107,588.39
7,288.26
4,500.00
11,566.73
133.67
1,070.67
9,805.25
5,379.50
57,500.00
3,500.00
2,310.00
2,500.00
48,725.00
4,184.39
1,246.00
153.48
158.53
1,072.23
161.76
2,242.00
1,613.46
12,393.83
101,000.00
11,002.70
4,045.40
7,950.49
214,186.42
2,465.00
29,006.00
191.70
172. 57
2,260.61
1.90
1,302.17
73.22
1,492.93
223.44
512.09
466.00
1,074.11
521 . 17
6,085.53
539.99
3,866.32
169.42
6,274.65
407.07
870.28
2,765.08
204.20
6,834.34
49,506.81
1 7O0 QQ
1 , /yz. 00
35,186.74
541.89
97,268.84
3,356.44
185,887.04
5,987.56
26,947.68
37,020.83
2,904.20
232,209.45
97. 64
12,078.39
14,762.21
9,368.10
307.05
18,577.75
287.05
1,311.58
145.72
438.26
36,887.75
§1,566.60
285.00
59,880.00
3,800.00
12,000.00
24,000.00
3.71
300.00
7,687.80
619.73
1,164.08
168
Building and Loan Associations
TABLE No. II—
SHOWING NATURE OF DISBURSEMENTS OF BUILDING AND LOAN ASSOCIATIONS
City or Town
Name of Association
Hickory Mutual
Hiddenite.
High Point.
Hillsboro
Kernersville
Kings Mountain.
Kinston
Landis
Leaksville.
Lenoir.
Lexington..
Lincolnton.
Lumberton.
Madison
Maiden
Marion
Maxton.
Monroe.
Mooresville
Morehead City.
Mofganton
Morven
Mount Airy...
Mount Gilead-
Mount Holly..
Mount Olive.
Nashville
New Bern
Newton.
Norlina
North Wilkesboro.
Norwood
Oxford
Pinetops
Raeford.
Raleigh-
Randleman..
Red Springs.
Reidsville
Roanoke Rapids.
Robersonville
Rockwell.
Rocky Mount.
Rockingham Richmond County
Hiddenite
High Point Perpetual.
Mutual
Piedmont
Hillsboro
Kernersville
Kings Mountain.
Eureka
Mutual
Home
Boulevard.
Twin City.
Citizens
Mutual
Lexington
Lexington Perpetual.
Mutual
Lincolnton
Peoples
Robeson
Madison
New Home-
Home
McDowell...
Home
Peoples
Perpetual
Mooresville
Morehead City.
Morganton
Morven
Workmen's
Peoples Mutual.
Mount Holly....
Mount Olive.
Mutual
Home
New Bern
Citizens
Cooperative
North Wilkesboro.
Norwood
Oxford
Pinetops
Raeford.
Capital..
Citizens.
Mutual..
Raleigh.
Randleman
Red Springs
Progressive
Rockingham
Roanoke Rapids.
Peoples
Peoples Cooperative
Citizens
Mutual
New Home
Rocky Mount Homestead and Loan.
Building and Loan Associations
169
DISBURSEMENTS— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Profits
Returned to
Shareholders
Borrowed
Money
Interest
Expenses
Other
Disburse-
ments
Total
Disburse-
ments
$ 4,571.25
$ 17,400.00
$ 1,388.78
91.43
1,001.74
$ 2,309.11
156.77
4,111.53
S 495.86
$ 56,243.00
396.20
154,523.42
7,350.00
81,650.00
5,024. 15
15,435.00
3,943.50
24,000.00
9,000.00
4, 425. 71
231.80
2,434.64
422.79
139,811.35
37,183.59
4,937.46
818.27
4,652.25
282.30
5,000.00
76.00
867.03
275.34
1,781.56
347.00
5,005.00
46,996.74
6,293.61
38,688.42
12,901.72
300.00
3,500.00
293.61
270.00
227.37
1,647.18
1,037.10
704.87
2,068. 67
1^560! 63
257.00
2,659.54
283. 10
1,139.' 62
506.42
846.30
433.95
136.09
24,845.40
80, 291. 22
70 ! 044! 64
8,819.26
88,118.84
6, 512.07
29,' 301.83
19,627.00
23,846.50
8,512.89
13,596.39
7,900.88
6,300.00
32,900.00
3, 750.00
o! ooo! 00
600.00
447.26
117.30
20. 52
335196
148.38
214.45
107.19
336.81
8,024.00
183.25
2,817!75
1, 745. 75
2,471.25
40.00
513.09
57.20
7,225.00
5!780!65
1.75
9,391.94
46,825.00
3,000.00
2^000.00
403.78
96. 64
97.86
1,027.30
408. 87
1,008.77
14.79
105,522.51
4,017. 77
12! 656. 20
743 . 96
1,314.75
2,755.00
3,400.00
13,700.00
1,538.88
29.28
331.25
291.77
527.19
500.66
5.00
2,450.74
313.95
1,019.06
160.56
2,144.16
423.14
519.54
377.59
52,982.71
5,608.73
50,698.81
13,807.16
54,491.85
25,578.84
9,009.54
5,671.50
1,733.83
3,128.28
793.75
5,500.00
4,565.00
1,000.00
49. 76
1,440.85
7| 904^64
8^375! 00
763. 15
503.89
26, 200. 00
112,900.00
loioooioo
600.00
6, 700.' 00
7,300.00
12^500! 00
1,735.00
5,000.00
327.40
1 , OW. LO
320.06
ouo . oo
484.83
78. 97
30L20
261.42
143.81
1 091 40
O , loo. 00
2,142.94
244 91
460^72
517 11
1,552^64
639.98
257.50
35 00
2 275 75
l' 329. 68
43 r92 90
1/0, IDo. lO
66,699.68
A mo
4:, luz. oy
14,812.44
7 Q7Q AQ
43,912.72
2,638.93
10.842.49
4,208.88
2.53
12,721.15
iio, you. uu
6,752.74
6,497.63
244,066.77
1,650.00
64.84
652.36
2,656.95
518.20
595.81
3,025.00
18,500.00
3,423.44
5,000.00
3,500.00
83,000.00
203.94
630.81
514.70
99.00
64.00
2,772.93
26.00
1,747.00
1,596.33
485.17
1,601.52
491.26
837.79
120.62
1,749.50
644.92
791.31
2,083.47
11,774.31
34,617.64
5,666.90
51,577.79
3,684.62
165,395.64
22,995.92
52,637.54
123,333.80
5,903.50
6,944.00
4^462^21"
3,000.00
3,489.23
11,492.00
2,670.00
2,337.00
13,034.00
28,850.00
25,000.00
170
Building and Loan Associations
TABLE No. II—
SHOWING NATURE OF DISBURSEMENTS OF BUILDING AND LOAN ASSOCIATIONS
City or Town
i\ H-ino oi j\ssoci3-tion.
Stock Retired
Rowland
Rowland. ._ . ... . _ _
$ 10,110.00
8,162.39
Rutherfordton..
Citizens.. . .. _ _
Salisbury ...
Citizens... . .... ... ... . ...
Sanford... . ... _ _
Home.. . . .-- .. . --- - . ... .
10,185.25
Perpetual... ... .. . .......
Salisbury-Spencer .... ... .
Sanford . .... .. .... . . _ . . . .
4,241.75
44,957.75
27.00
146,933.25
47,476.00
54,258.00
7,163.50
23,297.25
52,153.00
9,668.50
39,216.75
Scotland Neck ___
Home ...... .. . . .... .
Selma . _
Shelby
Selma.. ........ . .. ...
Shelby .-
Smithfield
Shelby and Cleveland County . . .....
Smithfield :
Southport__ _
Southport . . ...
Spray
Home - - - ... ... ...
Statesville . . . . .
First
Stony Point . - -
Home.. .. .. ... .. . , .
Mutual
Stony Point. .. ...
St. Pauls
St. Pauls
Tarboro--
Edgecombe Homestead and Loan __
143,792.89
53,449.75
Thomasville -_- - -
Tarboro _ ... _ .
Citizens . _ ... .
Tryon
Home... ... - .. .. -. ..
8,328.00
21,027.00
17.50
Peoples . .. . ...
Peoples ... ... . .. .
Wadesboro - . .
Anson... ... . . .
Wallace.
Duplin Rural.. . ... .. ...
2,451.75
1,204.50
10,676.26
40,933.01
5,270.07
Warsaw
Warsaw . . ..
Washington ....
Beaufort County.. __ . ... _. .
Waynesville . _
Home... . -
Washington. ._ .. ... '
Weldon.. .... . _ . _ _
Weldon _____ _.....
37,125.50
Wendell
Wendell
Williamston. ..... .. ..
Martin County . _ ..... ... .. ..
3,009.04
138,805.00
23,923.50
48,082.25
67,067.75
41,062.50
6,043.52
48,490.75
4,380.25
36,374.75
58,712.72
Wilmington. ... ....
Carolina _ __ .
Wilson . . .
City and Suburban . . ..... . .
Citizens ... _ .
Cooperative . _ __ .
Hanover ........ __ _ . .
Home... _ __ ___ ._ -_
Mechanics Home _ _ . ...
Metropolitan Trust _ ...___
North Carolina Home__ . . ... ....
Orton
Progressive
53,209.50
34,211.00
40,675.75
49,169.05
71,695.75
19,446.50
89,641.68
4,506.00
Rural .. _ __ __ ..___..
Wilmington Home _ .. . .. ..
Atlantic . .. ...
Winston-Salem .
Wilson Home
Citizens _ __ ... .
Zebulon
Fealty
Mutual .. .. . ... . ...
Piedmont ... .
103,158.00
244,059.18
122,806.50
Standard. .. . ... _
Winston-Salem .. ._ _
Totals
5,897,004.06
Building and Loan Associations
171
DISBURSEMENTS— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Profits
Returned to
Shareholders
Borrowed
Money
Interest
Expenses
Other
Disburse-
ments
Total
Disburse-
ments
$ 1,935.00
959.81
I 2,538.91
3,725.00
$ 15.83
497.35
1 495.73
893.80
%
$ 15,095.47
16,914.48
2,676.13
2,644.60
25,050.00
1,520.79
1,852.47
41,253.11
108.02
7,200.77
567.69
46,800.00
1,800.00
73,900.00
4,837.96
83,089.82
4,700.00
10,000.00
181.20
910.55
37.58
1,867.74
188.20
2,233.40
1,202.57
501.80
736.44
1,406.80
223.56
4,086.93
1,938.01
1,276.83
699.51
1,079.24
2,381.93
1,728.11
2,609.54
5,835.10
101,275.87
2,088.14
281,071.12
74,246.82
146,923.58
14,476.43
43,206.42
60,355.58
20,439.43
55,979.62
13,016.95
5,667.99
6,065.53
710.85
2,105.13
5,739.15
75.90
4,531.77
41,266.25
14,138.66
6,223.00
81.50
8,966.92
9,200.00
421.56
71.80
6,177.90
1,951.02
154.63
529.80
1,116.76
534.09
71.80
179,724.54
67,346.86
157.03
20,802.72
31,594.70
551.59
19,969.71
7,195.39
2,336.16
1,586.29
7,447.88
367.91
2.40
2,796.50
618.23
2,977.38
11,000.00
5,853.24
326.69
559.32
61.00
573.75
2,530.00
1,000.00
19,700.00
22,000.00
10,500.00
228.48
15.20
166.90
1,331.19
1,294.44
866.50
1,089.69
1,822.21
1,912.39
699.39
273.90
962.98
302.82
1,521.55
5,838.96
1,227.11
1,792.24
3,329.90
2,415.74
635.65
2,148.30
326.01
1,883.82
1,431.02
2,415.69
5,861.74
1,738.81
1 163 70
2^ 788! 63
3, 085. 47
565.36
771.01
•1,580.02
6,650.48
3,309.39
35,581.53
72,991.81
17,763.90
273.90
49,646.97
302.82
6,393.93
244,732.84
53,309.04
74,666.81
94,630.12
71,025.70
7,118.03
105,273.12
6,740.16
56,482.03
69,268.71
8,847.46
95,096.78
45,149.58
65,189.39
92, oUo. 25
31,256.64
98,252.93
6,521.02
3,216.16
6,815.22
7,490.99
4,000.00
67.50
574.26
729.59
381.69
1,403.09
2,048.93
1,869.94
307.54
2,498.15
109.44
2,104.25
1,512.03
1,635.46
4,186.15
1,313.30
1 157.61
40'.56
2. 50
937.34
3,025.55
1,289.08
8,904.29
2,276.74
6,389.23
8,208.54
4,492.52
131.32
6,610.92
424.46
5,019.21
4,062.94
4,796.31
3,282.24
3,986.47
5,873.95
8!l9L15
1 1 9(14 7i
• 2,380.89
90,455.00
25,500.00
17,000.00
13,975.00
21,185.00
45,525.00
1,500.00
11,100.00
3,550.00
28,557.15
3,900.00
fi 100 nn
5,000.00
0, uuu. uu
3,500.00
1 , 316. 79
4,426.55
4,814.69
435.00
21,826.54
32,016.53
41,623.87
91,230.00
5,000.00
16,400.00
2,342.76
1,436.70
7,025.07
2,196.19
8,826.58
8,239.97
220,753.49
297,362.91
200,405.36
6,023.92
4,309.95
865,905,01
2,924,684.28
135,776.00
300,615.50
267,409.00
10,391,393.85
172
Building and Loan Associations
TABLE No. Ill—
SHOWING THE ASSETS OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
Name of Association
Mortgage
Loans
Stock Loans
Albemarle. .
Albemarle _-- . _ - ---
$ 39,360.00
154,750.00
30,820.00
50,135.00
740,163.17
125,100.00
12,900.00
16,600.00
$ 3,345.00
3,961.71
380.00
1,305.00
112,115.11
6,488.00
1,330.00
250.00
Asheboro ... .
Home Builders ----- - - _
Randolph County _ _ _ --
Asheville. . .
Peoples.- - - - .
Blue Ridge
Badin_
Home -- - _ _ . .
West Asheville . _ ..
Badin ... . ... .. _ _ . _.
Beaufort .
Beaufort-. ..
Belhaven..
Belhaven.- .. .... _ . ... .
11,900.00
78,593.00
14,526.92
50.00
14,836.25
355.75
Belmont--- . -. _ -
Belmont. . ... ...
Bessemer City- --- - _
Bessemer City. ... . _ .......
Brevard--- - _ _ _
Brevard. .
Burlington. . .
Alamance Countv ...
Canton . .. . -
Mutual. . .
48,200.00
20,100.00
5,213.88
202.00
Canton.- .. .....
Carthage- - . . .
Citizens.. . -- _ -
Charlotte
Mechanics Perpetual.. _ ...
1,942,707.20
38,800.00
2,485,750.00
7,872
24,825.00
1,390.00
129,569.16
Chapel Hill ...
Mecklenburg ... .... .
Mutual
Orange County
Clinton .. .. . .. .
Clinton . _ _.. _ _ .
15,686.95
54,475.00
79,475.00
110,574.17
423,320.00
302,660.00
275,742.75
8,400.00
16,141.85
380,260.00
67,700.00
913.75
1,640.00
43,850.00
70,550.00
375.00
Cherry ville
Cherryville... ... . ..- . -
3,354.27
3,598.75
12,300.30
25,865.50
China Grove.. ..
Rowan County . --- . .
Clayton. ...
Clayton. ......
Concord.. ... _ _ __
Cabarrus Countv . ..
Dallas - . -
Citizens ... .
Concord Perpetual
32,468.00
Peoples. . . - -.- . .- . - _
Davidson-
Davidson _- -- _ - . -.
701.90
55,112.50
1,166.00
312.35
520.00
2,190.00
2,900.00
Durham - . . - -. -
Durham Building and Investment-
Edenton-
Home . . - .......
Peoples
Albemarle ... ....
Elizabeth City -
Edenton .. . ... ...
Albemarle... .
Elkin
Peoples.. ... _ - ...
Elkin- Jonesville .
Enfield
Enfield
45,503.50
4,500.00
68,000.00
13,450.00
414,950.00
91,779.97
68,247.05
330,300.00
370,535.00
13,400.00
Fairmont.-- - _
Fairmont.. - --
Farmville-- - .-- -
Farmville.- -------
3,186.25
31.50
14,738.00
6,787.75
3,592.00
31,355.00
26,148.48
Fayetteville - _ _
Cape Fear - -.
Forest City- - -
Cross Creek-.. ..
Home.. ... ... _-- _ _.
Forest City ..
Gastonia--- --- __
Gastonia.- _ - -- .
Goldsboro
Home ------- ------
Citizens--- - ------- - - -- .
Graham -- - -_
Goldsboro ... .. ... .......
371,000.00
31,275.09
Home .- -. - ... .. --
1 /Z, Ul 0. UU
26,600.00
464; 163. 73
1,800.00
293,114.51
8,418.00
356,601.98
29,200.00
59,800.00
147,686.00
2,700.00
574,747.18
Granite Falls- - _ -
Granite - _-_ _.
385.00
28,640.00
Greensboro . .. ...
Gate City
Greenville- . --
Greensboro .. ... .
Home .- ... --- --- - -_ --- .
10,701.50
1,646.36
40,636.88
300.00
Pioneer. _- _ .- -------- _
Home. -
Hamlet _ - - - -
Hamlet- - - -.. -----
Henderson. -_
Home- . - --- -- - - --- --. -
Hendersonville- -- -
Laborers - - - --- -- ---
13,645.00
Henrietta .
Mutual - ------- - -----
Hickory -
First
76,022.57
Building and Loan Associations
173
ASSETS
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Casn
Other
Assets
Total
Ledger
Assets
at End of
Year
Nonledger
Assets
Total
Assets
Ledger
Assets at
Beginning
of Year
Increase
in Ledger
Assets
During
Year
?! 1,51/. 00
© AA 999
Z 1 8 . 0 /
f 44. 440 7'?
C 90 400 A1
t K 790 ye;
719.30
189.00
159,620.01
159,620.01
111,634.54
47,985.47
551. 1.5
31,751. 15
64. 80
31 , 815. 95
1 O n9/i 1 A
Is, yo4. 14
12, 817. 01
19.76
51,459.76
182. 95
51 , 642. 71
AO A AO 1 1
48, 408. 11
3,051. 65
8,008.66
2,770.17
863,057.11
48,391.02
911,448.13
808,060.16
54,996.95
131,588.00
6,875.83
138,463.83
96,674.02
34,913.98
109. 70
14,339.70
662. 50
15,002.20
1 O OAn 7K
12, 209. 75
o 1 on AC
z, 129.95
272. 47
17 1 0A Q/t
1 / , IZO.
17, 126. 94
17 126.94
493.56
12,443.56
12,443.56
12,443.56
3,627.64
97,056.89
4,003.28
101,060. 17
70,494.70
26, 562. 19
407. 17
15,289.84
357.88
15, 647. 72
8, 671. 54
6,618.30
3,147.77
4,803.46
61,365.11
2,122.50
63,487.61
47,103.67
14,261.44
141 . 71
ZU, '±'±0. / 1
431 25
90 874 Qfi
ZU, 8(4-. yo
12 76"^. 79
7, 680 92
1 771 OC
ft Q7Q 1Q
0, o/y . iy
1 Q77 fifiO ft7
1 , y ( * , Doz. 0/
in (WA iA
ly , U'j^. 10
1 QQfi 8*?
1 , yyo, / 00. o6
1 777 080 84
1 , * # / , U8U.
900 fiOl 8"?
zuu, oui . oO
16. 11
161 . 73
A(\ QA7 QA
■iU, 00/ . 84:
1 A'^Q AO
1 , Doy. DZ
AO 007 AA
*Z, UZ / . 4:0
A9 799 Q1
00, < 00. 81
i09 9A!; 07
'Zo, 000. \u
2,095.33
27,382.91
2,644, 797.40
19,386.58
2,664, 183.98
2,017,205.76
627,591.64
1 ni7 cfi
8 890 12
372 88
9 263 00
8 8Q0 1 9
10, 080. yo
1 r-OQ AO
1 , oyo. 08
17 oeo AQ
1 / , Z8U. no
1 OQe; 70
1 , yyo. 1 u
19 A01 ot;
10 , oy 1 . zo
1 0/11 01
Oy, U/U. -4:8
1 807 "ifi
1 , 8U / . 00
AO 878 04
OU, 0/8. U-±
OK 9AQ
ZO, OOO. 00
99 701 Q'i
66 , / ui . yo
219. 98
IM. OJ
CQ /1 1 Q 7Q
So, ^lo. / 0
oo, 116. 1 6
=;Q 11A 97
.oy , 110. 0 ^
0/1 007 9A
z*, zy K 00
723.65
3,414.28
127,012.40
12,317.69
139,330.09
100,510.95
26,501.45
Art 1 QQ 09
/lao 90^; /lo
*8y, ozo. 4Z
Q noQ f;i
o, UZB. 0 I
AQ9 Qt^Q Q1
^yz, 00.3. yo
901 9AQ A7
•3ul , 008. 0/
1Q7 ot;A 7c;
18/ , yOD. / 0
64.46
122.26
302,846.72
5, 171.32
308,018.04
223,973.40
78,873.32
-------
8.35
308,219.10
1,486.57
309,705.67
277,558.25
30,660.85
127. 51
on 1 n
ZU. lU
Q t;/i7 Ri
8 , O'l / . 0 1
1 CO A7
18Z. 0/
Q 7Qn OC
8, ( oU. Z6
0 l^AT A1
8 , O"! ( . 0 1
16,843.75
16,843.75
12,560.78
4,282.97
0 ni Q 71
/f07 OCR 01
■io ( , .dSO. Zl
Q Qt^A 01
0, oOO. Zl:
AAC\ 7'tO /It;
41U, / -iZ. 4,0
9j;i /)io on
o.ji , 'iiu. yu
Q!; 07^ 91
80, y 10. 01
2,630.20
454.54
71,950.74
9,557.59
81,. 508. 33
71,950.74
952. 10
Oo. oz
0 OQft 70
Z, Z-dO. / Z
f;;; ot;
00. zo
0 OQ1 07
z, /^yi . y 1
0 99/f 9;;
Z, 004. 00
iQ7 A9
'y / . 00
45. 99
1 1
oU . 11
0 oQR in
Z, Z.30. lU
0 OQA io
Z, ZoO. lU
QQ7 90
ys/ . oy
1 248 71
710.67
46,750.67
514.52
47,205.19
37,246.97
9! 503! 70
1,113.18
74,563.18
445.51
75,008.69
51,908.12
22,655.06
262.74
52.76
690. 50
690.50
690.50
12.64
13,849.36
72,765.50
72,765.50
42,416.39
30,349.11
218.50
4,718.50
4,718.50
4,718.50
1,234.88
72,421. 13
1,756.70
74, 177.83
83,149.85
110,728.72
1 tit; n(;
100. uo
lo, OOD. 00
QQO (\(\
661. UU
lo, uDo. 00
lo, OoD. 00
KQA 1 0
/I Qn OQO 1 C
4oU, ZSZ. 18
664 . 3.3
/1QA 0/1 A c;i
"loU, y^iD. 01
9/17 000 1/1
611 , SZZ. 14
09 AP,f\ C\A
fiOQ 70
D/y. /y
225 92
yy , -izo. '3^0
0 07n ttn
z, y /u. OU
in9 QOQ OQ*
lUii, oyo. yo
A AOR OO
40, 4u0. ZU
C^Q 007 9*3
Oo, yo / . ^0
QQQ 7C
OOC). to
ODD. oU
7Q ric;o AQ
/ 0, uoy. Oo
2, 155. 43
/o, iio. uo
/f9 /I AO CO
4o, 4oU. 8Z
90 f^OC 01
zy , oyo. ol
361,655.00
1,034.29
362,689.29
286,973.07
74,681.93
0/ 0. uo
1 , uzy. .30
4UU, 000. oy
1 0 AQO r;7
IZ, DOZ. 0/
/( 1 9 AAO /f A
41,3, Uoe. 4o
0/17 KA1 10
z4/, ool. Iz
1 so QOA 77
lOz, ez4. / /
Q QC7 R7
y, 05/ . 0/
110 A nn
IIZ, frOU. uu
K^A A10 7A
0Z4, DlZ. 10
AOA 9A1 OO
4z4, oOl. ZS
1 0A 911 AQ
100, oil . 46
2,437.43
124,450.43
124,450.43
92,143.22
32,307.21
1,358.33
28,343.33
113.90
28,457.23
6,601.28
21,742.05
736.95
468.45
494,009.13
6,489.03
500,498.16
330,379.61
163,629,52
1,389.31
414.69
3,604.00
267.00
3,871.00
3,604.00
7,020.56
1,531.39
312,367.96
11,475.67
323,843.63
203,714.79
108,653.17
154.76
341.94
10,561.06
10,561.06
244.40
10,605.46
5,262.51
1,316.08
403,817.45
5,289.13
409,106.58
313,879.00
89,938.45
1,145.54
30,645.54
523.50
31,169.04
17,780.97
12,864.57
717.23
60.517.23
2,588.85
63,106.08
60,945.88
1428. 65
9.40
13,000.00
174,340.40
1,490.73
175,831.13
107,-591.79
66,748.61
735.15
3,435.15
235.30
3,670.45
5,578.18
12,143.03
32.86
"10^136^45"
660,939.06
3,556.51
664,495.57
615,243.69
45,695.37
174
Building and Loan Associations
TABLE No. Ill—
SHOWING THE ASSETS OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
i\ EiniG OI -A-SSOCiSiLion
Mortgage
Loans
Stock Loans
$ 145,474.00
12,100.00
468,732.62
$ 13,903.00
Hidden itc
High Point
37,750.00
ATn + 11 Q 1
339,600.00
22,825.90
Hillsboro
838.00
Kernersville.- - _
Kings Mountain _
96,756.00
4,887.00
94,690.00
32,800.00
60,270.00
108,112.36
ooU, ooO. uu
278,145.00
29,900.00
235,200.00
AA Q97 nn
108,825.00
35,360.00
23,000.00
42,860.00
30,782.10
5,420.00
375.97
6,675.00
2,350.00
955.00
1,560.00
Kinston —
L&ndis
ATn + n n 1
Horne _
XjG&ksvillG
Lenoir
Lexington
ATnf n 5^ 1
7,080.00
2,700.00
LGxington Hom6 _____ _ _
Lexington Perp6tij.3,l — __ __
Mutual
1 , 4yo, UU
2,460.00
2,484.00
AAn nn
DOU. UU
0 9/in nn
3, .14U. 00
5, 104. 17
Peoples Home
iVIadison, __
M&rion. _ -
Maxton. ______ — _
XtJ K^X^KJW Cli
135,805.00
14 203 71
18U88!l9
ftQc cn
DCSo. oU
1 nof^ nn
1, UoiJ. UU
535.00
Home _ _ _
92,456.51
19,361.00
129,558.82
9,900.00
171,155.00
29,970.00
38,150.00
1,87.5.92
150.00
]VIor6heS;Cl City _ _
Morganton_ _ __ _ _
MorvGn__ _
Mount Airy _ _
jMount Gilcad _
1,281.97
Mount Holly _ _ _ _
Mount Olive _ _
New Bern _ ._ ______
/ D, OIU. UU
917 onn (\(\
/ , MUU. uu
253,275.00
00, Doy. uu
31,800.00
/ , oUU. uu
160,875.00
63,750.00
23,672.15
"r ^rn~t\n
5, 150. 00
n Qnn nn
y , oUU. 00
17,240.00
1 n^Q ccfl
1,000.00
Newton_. .__
I^ew Bern__ _ _ _ _ _ _ _
Norlina __ ____
North Wilkesboro
Norwood_
Norwood - ___
204. 70
25,105.00
225 00
0 nnn nn
z, UUU. UU
Oxford -
Pinetops__ _ __
Raeford__ __
Raleigh ._
Capital - -_ --_-_-
Randleman__
Kaleign - _
519,570.00
no C\4A Ot^
944. Zo
Red Springs
Red Springs - __
17,417.41
914.03
Reidsville.
Roanoke Rapids__
Rockingham _-_
50,855.04
95,650.00
40,600.00
55,100.00
8,700.00
240,935.00
31,610.11
100,865.30
215,800.00
44,500.00
180.00
Roanoke Rapids_- _
Robersonvillc _
Peoples • - - -
Rockingham ___
Richmond County.
645.00
Rockwell
Peoples Cooperative _
Rocky Mount
Citizens. --- ---
48,602.20
Rowland
Mutual
5,884.00
24,395.00
1,580.00
Rocky Mount Homestead and Loan _
Building and Loan Associations
175
ASSETS— Continued
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Other
Assets
7,037.47
11.12
3,743.78
Total
Ledger
Assets
at End of
Year
I 166,504.40
12,149.49
510,871.57
Nonledger
Assets
1,156.90
412.09
Total
Gross
Assets
167,661.30
12,561.58
510,871.57
Ledger
Assets at
Beginning
of Year
$ 126,882.02
'"41L415^02"
Increase
in Ledger
Assets
During
Year
$ 39.622.38
12,149.49
99,456.55
841.
6
083.
2
474.
1
210.
310.
2
180.
2
477.
212.
14
492.
269.
769.
78.
28.
851.
437.
652.
710.
2,327.70
2,000.00
344,343.25
26,505.50
122.25
145.74
344,465.50
26,651.24
325,205.75
36,253.21
19,137.50
19,747.71
9,291.50
755.64
150.00
4.80
139.35
199.30
896.00
323.13
117,550.78
8,492.68
102,575.51
35,460.06
63,405.86
112,299.67
380,552.08
299,717.74
.32,869.51
235,969.02
46.500.51
111,453.09
38,895.01
24,097.94
47,748.77
36,919.79
5,117.50
587.00
2,372.25
5,714.29
4,013.39
4,037.66
35.70
2,276.80
3,146.68
39.00
100.00
122,668.28
9,079.68
102,575.51
35,460.06
65,778.11
118,013.96
.384,565.47
303,755.40
32,869.51
2.35,969.02
46,536.21
113,729.89
42,041.69
24,136.94
47,848.77
36,919.79
88,069.79
9,586.39
89,172.93
315.50
47,175.07
66,511.74
282,516.94
207,402.98
18,192.02
177,783.11
3,179.84
85,631.44
37,940.02
33,178.06
33,650.06
25,989.18
29.480.99
11,093.71
13,402.58
35,144.56
16,230.79
45,787.93
98,035.14
92,314.76
14,677.49
58,185.91
43,320.67
25,821.65
954.99
19,080.12
14,098.71
10,930.61
46.92
41.14
474.64
136,490.72
15,714.78
19,914.45
126.10
3,841.50
136,616.82
15,714.78
23,755.95
130,755.
16,946.43
5,734.84
15,714.78
2,968.02
2,051.51
12.50
376.19
135.20
500.00
49.47
98,335.46
19,523.50
133,183.43
10,895.74
171,750.68
31,301.44
38,348.54
2,500.40
591.50
6,429.87
1,881.34
1,467.84
100,835,86
20,115.00
139,613.30
10,895.74
171,7.50.68
33,182.78
66,369.78
13,809.36
117,018.43
17,823.27
155,329.85
27,574.03
28,268.99
31,965.68
5,714.14
16,165.00
16,927.53
16,420.83
3,727.41
10,079.55
720.51
1.414.60
26.70
28.31
85,330.36
234,784.61
272,819.78
35,0.32.18
32,443.68
7,797.58
186,094.83
64,017.97
26,343.19
1,431.50
1,067.50
861.87
2,823.01
793.25
7,217.91
937.75
86,761.86
235,852.11
273,681.65
37,855.19
32,443.68
8,. 590. 83
186,094.83
71,235.88
27,280.94
82,130.03
215,735.41
207.895.13
16,975.18
29,838.66
128,164.88
31,087.78
23,311.74
3,200.33
19,049.20
64,924.65
18,057.00
2,605.02
7,797.58
57,929.95
32,930.19
3,031.45
616,084.35
3,642.96
360.13
619,727.31
484,871.11
131,213.24
18,499.87
18,860.00
2,707.25
15,792.62
12.50
101.17
3,500.00
22.92
19,645.00
21,861.80
51,1.39.90
101,866.12
41,077.79
56,424.78
9,372.42
293,547.70
32,292.93
1.30,198.06
263,856.08
46,643.77
138.88
14.58
2,614.00
3,049.20
1,321.70
3,310.15
51,139.90
102,004.80
41,092.37
59,038.78
9,372.42
296,. 596. 90
33,614.63
133,508.21
263,8.56.08
46,643.77
41,223.35
65,676.57
17,800.00
74,117.65
3,, 502. 52
251,450.20
34,442.93
124,035.44
232,0.52.48
38,330.00
9,916.55
36,189.55
23,277.79
117,692.87
5,869.90
42,097.50
12,150.00
6,162.62
31,803.60
8,313.77
176
Building and Loan Associations
City or Town
Rutherfordton.
Salisbury
Sanford
Scotland Neck.
Selma
Shelby
Smithfield_
Southport-
Spray
Statesville.
Stony Point.
St. Pauls
Tarboro
Thomasville-
Tryon
Wadesboro.
Wallace
Warsaw
Washington.
Waynesville.
Weldon
Wendell
Williamston.
Wilmington.
Wilson
Winston-Salem.
Zebulon
Totals.
TABLE No. Ill—
SHOWING THE ASSETS OF BUILDING AND LOAN ASSOCIATIONS OF
Name of Association
Citizens
Citizens
Home
Perpetual
Salisbury-Spencer.
Sanford
Home
Selma
Shelby
Shelby and Cleveland County .
Smithfield.
Southport.
Home
First
Home
Mutual
Stony Point
St. Pauls
Edgecombe Homestead and Loan .
Tarboro
Citizens.
Home...
Peoples..
Peoples..
Anson...
Duplin Rural
Warsaw
Beaufort County.
Home
Washington
Haywood County.
Weldon
Wendell
Martin County
Carolina
City and Suburban.
Citizens.-
Cooperative
Hanover
Home
Mechanics Home
Metropolitan Trust
North Carolina Home
Orton
Peoples .
Progressive
Rural
Wilmington Homestead and Loan.
Atlantic
Wilson Home
Citizens...
Fealty
Mutual
Peoples...
Piedmont-
Standard ...
Winston-Salem.
Zebulon
Mortgage
Loans
68,350.00
169,475.00
368,842.00
56,150.00
172,092.50
9,500.00
541,010.00
276,085.00
195,642.96
73,313.35
105.806.46
195,760.25
87,100.00
142,6.58.78
2,000.00
468,964.31
152,863.62
47,800.00
122,790.00
5,500.00
21,081.69
17,750.00
177,325.00
182,500.00
120,232.39
19,950.00
76,886.00
1,600.00
138,386.95
437,310.00
94,638.02
186,155.00
235,285.00
162,556.25
24,814.32
161,777.80
16,110.00
145,419.00
100,775.00
140,350.00
318,225.07
134,775.00
106,444.63
170,675.00
251,300.00
80,325.00
156.796.65
52,600.00
612,838.96
748,215.00
1,217,812.27
26,652,740.45
^Decrease. ^Minus.
Building and Loan Associations
177
ASSETS— Continued
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Other
Total
Ledger
Assets
at End of
Year
Nonledger
Assets
Total
Gross
Assets
Ledger
Beginning
of Year
20.00
$ 79,778.44
1,231.97
81,010.41
I 52,462.84
258.00
450.00
174,960.18
382,382.20
6,882.47
12,896.25
181,842.65
395,278.45
72,463.53
319,765.81
50.00
25,184.53
13,006.53
164.27
6,366.05
2,113.39
4,759.05
712.46
62,078.64
177,813.75
9,944.61
636,118.58
304,364.74
204,562.96
85,244.00
122,317.06
200,751.23
91,859.05
148,891.68
55.25
951.50
4,160.11
4,957.51
1,454.76
2,005.44
12,691.96
3,869.07
4,779.84
16^543^00"
62,133.89
177,813.75
10,896.11
640,278.69
309,322.25
204,562.96
86,698.76
124,322.50
213,443.19
95,728.12
153,671.52
29,050.00
143,131.22
485,422.67
230,576.47
155,073.00
65,418.49
81,301.40
158.865.00
28,252.83
119,078.12
446.39
3,114.29
80.03
221^65"
2,754.38
537,804.24
161,688.65
2,216.00
52,208.20
127.622.65
6,772.11
907.00
382.78
1,090.14
2,754.38
554,347.24
161,688.65
2,216.00
53,115.20
128,005.43
7,862.25
443,308.21
145,472.32
48,688.76
90,668.04
276.00
1,187
32
6,000
00
418
62
50
00
160
90
384
12
205
95
281
40
491
64
691
65
407
32
88
63
629
10
1,923
05
34
96
549
63
94
00
1,472.
24,233.99
21,157.45
190,376.38
188,635.21
120,523.48
23,286.65
85,881.01
2,902.00
166,499.61
470,369.68
100,987.44
194,762.42
261,515.66
187,053.95
27,868.24
174,197.77
19,378.60
152,291.20
114,101.87
148,082.56
364,673.17
143,971.55
118,574.62
205,063.18
268,133.14
82,992.93
158,934.72
59,305.00
2.554.79
800.90
7,038.61
117.18
7,701.96
6,600.85
953.58
645.21
3,008.15
2,607.98
1,685.00
1,354.25
4,1.57.11
4,753.63
1,123.26
8,422.00
1,726.13
508.06
1,391.90
7,091.94
2,644.
26,788.78
21,958.35
197,414.99
188,635.21
120,523.48
23,403.83
85,881.01
2,902.00
174.201.57
476,970.53
101,941.02
195,407.63
264,523.81
189,661.93
27,868.24
175,882.77
20,732.85
156,448.31
118,855.50
149,205.82
373,095.17
145,697.68
119,082.68
206,455.08
275,225.08
85,637.02
158,934.72
59,305.00
16,859.42
104,200
51
151,440
99
81,523
28
2,743
57
84,107
37
303
75
123,985
24
274,845
60
87,141
35
179,484
50
220,516
84
130,454
53
18,037
24
185,118
43
17,830
89
131,099
91
82,944
68
115,593
65
181,311
75
125,569
29
113,576
46
167,543
84
229,486
35
61,838
82
144,985
92
971.80
2,842.37
618,758.45
768,108.66
1,264,547.67
393.50
6,601.41
13,164.93
619,151.95
774,710.07
1,277,712.60
321,166.45
751,385.36
978,068.80
398,304.54
i, 933, 584. 29
434,531.63
29,368,115.
22,390,197.62
12
178
Building and Loan Associations
TABLE No. IV—
SHOWING THE LIABILITIES OF BUILDING AND LOAN ASSOCIATIONS OF
City or Town
Name of Association
Installments
Matured
Stock
Prepaid
Stock
Albemarle
Albemarle . ... . _ .
$ 39,889.25
137, 18&. 50
25,547.00
39,679.00
682,255.75
126,610.25
13,859.50
7,976.00
$ 1,000.00
$
Home Builders
Asheville..- -
Randolph County . .
2,500.00
Blue Ridge _ .. ... ..
11,000.00
128,900.00
Home... . - .... ..
West Asheville . _ . _ . ...
Badin. . ... ....
Beaufort.
Beaufort.. . ... .
Belhaven.. _ -
Belhaven .....
12,306.25
92,647.25
15,166.25
Belmont
Belmont- ... _ . _. . ...
Bessemer City --
Bessemer City
Brevard. .
Brevard . .. ..
Burlington... . .
Alamance County
Canton .
Mutual. _ .. ... _ ___
53,676.75
15,477.50
168.25
800.00
3,700.00
Canton. . . ...
Carthage..
Citizens...
Charlotte .. .
Mechanics Perpetual ...
1,747,640.50
38,042.00
2,233,833.25
5,663.00
16,318.75
46,398.25
67,346.19
124,498.25
381,215.75
272,366.25
261,505.50
8,580.25
14,579.00
394,705.00
55,450.00
2.190.25
2,236.10
40,127.45
67,199.14
340.50
53,511.75
Chapel Hill
Mecklenburg . . .
Mutual
3,200.00
Orange County _
Clinton
Clinton... ....
Cherryville .
Cherryville . . .
China Grove .. . .
Rowan County ... . ...
Clayton ....
Clayton . .. . . . . .
835. 25
Concord. ...
Cabarrus County ...
Dallas .
Citizens . . . . . .
Concord Perpetual.
8,640.00
Peoples. . - . - . . .
Davidson
Davidson .
41.75
Durham. ... .. _
Durham Building and Investment.. .
Edenton. ... .
9,500.00
Peoples... ... .. .
Albemarle... _ . . . .
Elizabeth City _.
Edenton _. ... . . .
Albemarle .. ......
Elkin
Peoples. . -
Enfield
Enfield
53,341.00
3,691.00
57,698.75
13,478.00
348,839.00
73,063.50
64,040.25
316,651.50
360,882.80
Fairmont
Fairmont . .......
Farmville. .
Farmville
Fayetteville.. . .
Cape Fear . . .... ....
Forest City
Cross Creek
Home ... .- - . - . .
Forest City ... ..
1,800.00
10,728.80
Gastonia... ..
Gastonia . . . .....
Goldsboro ..
Citizens. .
Graham.. _
Goldsboro.. .
300,925.50
21,900.00
Graham.. . ._ .. ..
111), oiZ. UO
23,189.07
443,435.00
3,871.00
195,112.25
8,440.00
327,659.25
23,010.00
47,009.71
145,035.25
3,054.25
526,413.75
Granite Falls
Granite. .... .
3,500.00
Greensboro ...
Gate City
Greenville .
Greensboro... ....
Home ._. .. ... ...
1,000.00
91,100.00
Pioneer .. .... .
Home.. . . . ....
Hamlet .. .-. .. -
Hamlet . . ..
Henderson.. . _.
Home. - ...
Hendersonville.
Laborers. ... . ... ...
10,700.00
Henrietta .
Mutual
Hickory
First
7,340.89
18,960.00
i
Building and Loan Associations
179
LIABILITIES
NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Accrued
Interest
and
Expenses
Profits
Unapportioned
Profits
Reserved
for Prepaid
Stock
Profits
Apportioned
to Installment
Stock
Borrowed
Money
Other
Liabilities
Total
Liabilities
$
$
$
$ 4,051.48
9,933.51
884. 14
3,596.21
74,895.06
$
$
$ 44,440.73
1.59,620.01
31,815.95
51,642.71
911,448.13
138,463.83
15,002.20
17,126.94
12,500.00
2,800.00
8,250.00
16.80
68.01
117.50
4,273.94
10,123.38
1,009.68
10,843.90
1,142.70
150.94
9,000.00
137.31
12,443.56
101,060.17
15,647.72
8,412.92
481.47
4,792.30
1,000.00
3,300.00
150.31
63,487.61
20,874.96
1,297.46
2,915.04
20.13
3,192.58
100.00
191,779.98
3,515.71
212,032.48
889.56
1,996,736.83
42,027.46
2,664,183.98
9,263.00
17,280.63
60,878.04
83,413.73
139,330.09
492,353.93
308,018.04
309,705.67
8,730.28
16,843.75
440,742.45
81,508.33
2,291.97
2,236.10
47,265.19
75,008.69
690.50
449. 62
4,538.99
124,565.00
3,500.00
650.00
11,825.00
9,500.00
5,310.00
65,124.12
6,100.00
5,000.00
82,821.68
72.94
1,311.46
214.52
1,343.33
6,567.54
6,465.14
29,804.28
29,257.69
27,503.50
16.61
1,152.68
44,401.30
746.93
30.40
24.42
227.26
1,994.19
4,242.55
11,967.23
294. 10
1,486.57
17.42
2,323.28
3,246.82
116.00
320.32
1,071.78
750.00
404. 63
38.68
71.32
159. 74
272.72
15,500.00
504.43
48.01
4,133.31
2,500.00
2,000.00
350.00
5,761.54
4,424.50
173.88
5,961.66
15,000.00
844.99
10,517.42
72,765.50
4,718.50
74,177.83
13,968.55
430,946.51
102,393.93
75,215.06
362,689.29
413,068.46
8.63
490.55
5.16
75.08
5,281.30
514.68
152.04
9,360.71
34,710.23
47,317.04
24,049.13
4,490.00
1,500.00
112.18
28.77
60.04
136.93
4,121.02
32,336.01
20,496.05
1,292.17
22,268.86
148.86
50.00
33,098.03
158,000.00
10,490.37
524,612.76
12,538.43
1,300.00
26.07
3,152.39
124,450.43
28,457.23
500,498.16
3,871.00
323,843.63
10,561.06
409,106.58
31,169.04
63,106.08
175,831.13
3,670.45
664,495.57
103.73
638.36
34,217.77
1,000.00
18,543.00
1,150.00
9.44
500.00
3,175.42
16,570.67
16,500.00
375.85
1,621.06
1,268.38
26.178.95
2,699.04
3,589.97
54,000.00
5,300.00
10,000.00
6,000.00
160.00
2,000.00
506.40
250.00
13,845.88
25.94
590.26
69,882.98
2,488.13
39,409.82
180
BriLDING AND LoAN ASSOCIATIONS
TABLE No. IV—
SHOWING THE LIABILITIES OF BUILDING AND LOAN ASSOCIATIONS
City or Town
In ame oi Association
j-nsT/aiimenLS
Matured
Stock
Prepaid
Stock
Hickory . .
Mutual- . ...
$ 124,375.00
5,. 360. 00
448,484.00
$
$
Hiddenite
Hiddenite.. .. ... . ...
435.00
iligri Jr-omt
Hillshnrn
High Point Perpetual . .
Mutual. - . ._ ... ....
Piedmont . ...
251,525.00
25,010.50
Hillsboro . ..
70.00
Kernersville. -
Kings Mountain...
Kinston. .. ._
Kings Mountain .....
75,120.75
33,000.00
Eureka. ...
6,214.50
89,860.75
^7,238.59
49,412.00
93,609.00
108,3.32.41
79,304.11
21,798.00
191,664.00
23,021.00
97,514.75
36,690.94
19,566.25
43,164.00
22,557.75
Landis ...
Mutual. .. ... ... ... . _. .
Home ..
Leaksville
Boulevard ... . ..
Lenoir _.
Twin City
Citizens. ... ... ......
260,008.43
207,890.00
2,500.00
Lexington ... ... .
Mutual. ..... ..... .
Lexington Home . . ...
Lincolnton
Lexington Perpetual .... ...
Mutual
22,000.00
Lincolnton .
500.00
900.00
Lumberton ... .
Peoples Home . ...........
Robeson ._ . .. '.
Madison
Madison . . .
600.00
Maiden
New Home .. .. ... .. .
Marion ..
Home ... ... .
Maxton
McDowell ... .
113,640.00
13,942.75
21,666.72
Home . ......
Monroe...
Peoples . ... ...
6.56.00
Mooresville
Mooresville . ...
57,190.50
19,051.25
123,156.00
6,444.00
149,284.56
18,611.25
35,917.75
40,400.00
Morehead City
Morehead City. . . .......
Morganton
Morganton... ... ... . . . .
Morven . _
Morven ..... . . _
Mount Airy .
Workmans .. ... .. . . . .
Mount Gilead..
Peoples Mutual .....
900.00
Mount Hollv -
Mount Holly
Mount Olive. . .
Mount Olive . .-. .
New Bern... ...
Home. ... .. .. ... .. ... .. ... .
78,970.00
192,683.00
232,231.75
14,711.25
25,771.00
8,345.35
147,365.50
57,458.75
23,705.00
Newton.. .
New Bern . ... . .
2,821.25
Citizens. .... . ..
Norlina...
Cooperative ........... .
7,090.95
5,200.00
North Wilkesboro.-
Norwood
North Wilkesboro.. ... .
Norwood- .... ... ..
Oxford
Oxford.. ..... . . . .
Pinetops-
Pinetops . -
Raeford.. ..
- Raeford. . ... .. ._ . . ..
Raleigh
Capital . ... . . . .
Randleman _.
Mutual
Raleigh ... ... ..
481,505.25
Randleman ... ... . ..
Red Springs .
Red Springs. . . . . ..
Reidsville.
Roanoke Rapids.
Robersonville
Rockingham. . .
45,056.50
77,816.50
29,210.50
52,288.00
9,084.91
232,083.00
26,809.00
97,982.00
209,424.00
41.221.00
Roanoke Rapids... . .. ........
8,535.00
Peoples.-- --- --- - -- - -
Rockingham..
Richmond County - ---
Rnnkwfill
Rocky Mount
Citizens-. . .. .. ...
Mutual. ......
New Home .
Rocky Mount Home.. . .
Rowland ..
Building and Loan Associations
181
LIABILITIES— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Accrued
Interest
and
Expenses
Profits
Unapportioned
Profits
Reserved
for Prepaid
Stock
Profits
Apportioned
to Installment
Stock
Borrowed
Money
Other
Liabilities
Total
Liabilities
$ 592.19
83.24
154.50
$ 517.53
183.22
54,583.07
$
$ 10,904.06
$ 30,600.00
6,500.00
76.50
$ 672.52
.12
$ 167,661.30
12,561.58
510,871.57
40.50
27,900.00
1,425.00
65,000.00
344,465.50
26,651.24
145. 74
1,371.00
2,616.88
5,541.65
1,226.66
5,000.00
18.00
1,638.52
5,150.00
122,668.28
9,079.68
102,575.51
35,460.06
65,778.11
118,013.96
384,565.47
303,755.40
32,869.51
235,969.02
46,536.21
113,729.89
42,041.69
24.136.94
47,848.77
36,919.79
7,564.76
2,221.47
6,000.00
12,475.00
16,500.00
3,891.11
7,303.79
4,477 9'?
601.17
9.27
11,737.44
9,979.01
6,-582.28
2,571.51
, 6,000.00
22,. 305. 02
952.48
22,000.00
373.28
1,775.00
119.56
69.89
352.55
9,987.59
3,600.00
4.450.75
350.00
1,220.69
4,079.77
3,000.00
5.00
2,337.33
4.500.00
7,524.71
69.50
12,907.32
320.78
731.78
10,000.00
136,616.82
15,714.78
23,7.55.95
1,451.25
701.45
3,245.36
1,044.75
5,858.05
451.74
100,835.86
20,115.00
139,613.30
10,895.74
171,750.68
33,182.78
39,816.38
4.00
15.00
8,099.25
2,500.00
4,000.00
6,145.00
10,335.00
16,321.12
932.68
3,665.04
25.00
807.59
233.59
1,571.26
6,291.86
17,445.88
26,797.65
993.35
1,500.00
22,700.00
14,200.00
86,761.86
235,852.11
273,681.65
37,855.19
32,443.68
8,590.83
186,094.83
71,235.88
27,280.94
14.08
126.37
257.76
1,272.68
187.90
325.88
201.88
9,400.00
5,400.00
245.48
15,229.33
3,064.49
3,348.19
23,500.00
9,861.41
834.91
227.75
16.32
1,098.46
48,326.57
88,797.03
619,727.31
172.77
1,150.00
26.48
18,860.00
2,256.25
2,427.15
7,024.31
1,400.00
7,000.00
10,000.00
51,139.90
102,004.80
41,092.37
59,038.78
9,372.42
296,596.90
33,614.63
133,508.21
263,856.08
46,643.77
11.50
62.00
168.99
1,448.50
1,819.87
6,632.78
287.51
30,163.47
2,178.00
118.00
617.20
26,500.00
4,527.63
23,250.00
30,000.00
7,233.23
100.00
12,276.21
23,921.33
510.75
5,422.77
182
Building and Loan Associations
TABLE No. IV—
SHOWING THE LIABILITIES OF BUILDING AND LOAN ASSOCIATIONS
City or Town
Name of Association
Installments
Matured
Stock
Prepaid
Stock
Rutherfordton .
Salisbury
Sanford
Scotland Neck.
Selma
Shelby
Smithfield.
Southport-
Spray
Statesville.
Stony Point.
St. Pauls
Tarboro
Thomasville.
Tryon
Wadesboro.
Wallace
Warsaw
Washington.
Waynesville.
Weldon
Wendell
Williamston.
Wilmington.
Wilson
Winston-Salem.
Zebulon
Totals.
Citizens
Citizens Cooperative.
Home
Perpetual
Salisbury-Spencer
$ 52,047.07
$11,817.50
Sanford
Home
Selma
Shelby
Shelby and Cleveland County.
Smithfield.
Southport.
Home
First
Home
Mutual .•
Stony Point
St. Pauls
Edgecombe Homestead and Loan.
Tarboro
Citizens.
Home_-_
Peoples..
Peoples..
Anson...
Duplin Rural
Warsaw
Beaufort County.
Home
Washington
Haywood Home.
Weldon
Wendell
Martin County.. ,
Carolina
City and Suburban.
Citizens
Cooperative
Hanover
Home
Mechanics Home
Metropolitan Trust
North Carolina Home.
Orton
Peoples
Progressive
Rural
Wilmington Homestead and Loan.
Atlantic
Wilson Home and Loan
Citizens...
Fealty
Mutual
Piedmont.
Standard.
Winston-Salem.
Zebulon
65,737.25
252,392.25
220. 50
73,600.00
104,526.48
52,928.00
129,821.00
10,511.00
568,339.50
274,668.75
2,600.00
154,265.75
59,672.75
88,779.25
173,712.75
92,581.50
107,882.75
22,885.64
,800.00
32,169.00
2,705.25
469,837.75
117,952.50
2,216.00
47,885.00
102,842.00
3,762.25
18,615.50
4,100.00
19,912.25
21,935.15
176,329.74
139,947.29
92,501.60
22,297.82
74,485.75
2,902.00
119,088.05
437,272.75
91,986.00
160,107.00
211,803.75
141,914.75
20,834.25
124,739.50
19,222.50
118,497.45
79,844.50
111,046.50
314,598.20
112,886.26
85,296.00
183,610.00
247,037.25
26,225.75
58,392.75
36,199.00
136,758.00
314,521.63
464,009.00
15,915.00
32,800.00
2,200.00
36,350.00
21,988,
249,549.03
22,900.00
436,200.00
407,150.00
643,188.01
2,621,821.
Building and Loan Associations
183
LIABILITIES— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Accrued
Interest
and
Expenses
Profits
Unapportioned
Profits
Reserved
for Prepaid
Stock
Profits
Apportioned
to Installment
Stock
Borrowed
Money
Other
Liabilities
Total
Liabilities
$
$ 198.08
$ 561.25
$ 4,936.51
•S 11,450.00
$
$ 81,010.41
464.42
15.28
12,896.25
1,863.87
25,463.47
39,200.00
741. 33
181,842.65
395,278.45
30.00
5.37
22.50
14, 336.48
3,153.39
6,000.00
no f\nf\ An
33,000.00
62,133.89
177,813.75
10.896.11
640,278.69
309,322.25
204,562.96
86,698.76
124,322.50
213,443.19
95, 728. 12
153,671.52
650.90
385.11
36,450.35
1,411.23
180.76
2, 277. 61
22, 722. 74
15, 133. 11
770. 21
387.22
29,200.00
11,750.00
35, 164. 10
5,035.80
8,482.85
15,904.89
2,069. 11
9, 797. 77
21,220.00
6,000.00
117.16
119.81
582.84
756.02
820. 10
161.23
3,822.00
333.44
49.13
45,055.79
11,021.79
2,754.38
554,347.24
161,688.65
2,216.00
53,-115.20
128,005.43
7,862.25
20,000.00
24,700.00
838. 20
8,014. 36
4,230.20
11,251. 16
1,000.00
13,403. 36
32.75
61. 78
414. 38
2,261.69
4,614.84
26,788.78
21,958.35
197,414.99
188,635.21
120,523.48
23,403.83
85,881.01
2,902.00
174,201.57
476,970.53
101,941.02
195,407.63
264,523.81
189,661.93
27,868.24
175,882.77
20,732.85
156,448.31
118,855.50
149,205.82
373,095.17
145,697.68
119,082.68
206,455.08
275,225.08
85,637.02
158,934.72
59,305.00
619,151.95
774,710.07
1,277,712.60
23.20
7,562.61
2,640.00
66.11
15, 132. 92
8,021.88
8.18
6,680.94
6,775.59
15,000.00
20,000.00
151.18
946.65
8,395.26
3,000.00
9,813.52
25,951.47
8,680.59
17,237.89
20,861.04
12,762.18
12,500.00
11, 750.00
1,000.00
17,800.00
31,225.00
34,985.00
5,400.00
578.10
116.08
62.71
552.40
1,418.21
158.35
200.03
81.62
1,633.99
238.75
937.07
15,957.98
1,210.35
10,318.78
5,837.62
10,078.02
18,034.86
11,595.04
9,937.08
31,809.47
300.00
827.86
523.38
16.26
840.00
216.38
26,804.22
32,650.00
28,000.04
276.99
21,000.00
65.00
1,800.01
1,000.00
36,545.11
23,849.60
4,000.00
1,750.00
20,800.00
93,225.45
40.00
18,805.-08
1,671.94
24, 765.89
1,624.29
4,360.02
75.50
561.48
2,956.50
206.00
328.00
204.25
637.94
2,552.08
2,181.00
5,107.50
3,286.84
7,932.87
27,290.45
51,212.67
33,200.00
20,436.24
113,037.70
2,340.44
26,081.69
335,582.65
63,595.61
1,770,298.52
1,722,385.57
590,631.62
29,368,115.92
184
Building and Loan Associations
TABLE No. V—
SHOWING NATURE OF STOCK OF BUILDING AND LOAN ASSOCIATIONS
City or Town
Name of Association
Number
Shares in
Force at
Beginning
of Year
Number
Shares
Subscribed
During
Year
Albemarle --. -- .
Albemarle. . . . .
1 , 395
3,533
892
1,265
18,675
3, 626
259
720
3,713
299
358
12,603
2,624
Asheboro--- - . -
Home Builders . ...
Randolph County.. „ ...
Asheville
Peoples . ... ...
Blue Ridge
Badin.
West Asheville
Badin... . .. ....
Beaufort. . ...
Beaufort. _ . .. ....
Belhaven
Belhaven __ . ..■ . .....
878
2,728
669
303
2,004
230
Belmont..
Belmont. .... _
Bessemer City. .
Bessemer City .... .... _ ..
Brevard.. .. . ... _ - .
Brevard... ..... _ _
Burlington
Alamance Home. . ..
Canton. ... _ ._ _. .
Mutual
1,973
342
1,390
386
Canton . ... .
Carthage. .... ......
Charlotte
Citizens.- _ ... ,
Mechanics Perpetual.. .......
43,460
1,347
49,777
22,142
478
26,323
750
709
2,306
1,162
Chapel Hill
Mecklenburg-- .. . ........
Mutual ,
Orange County ... . _. . .
Clinton. ... ....
Clinton. . _ -- -
755
940
1,955
Cherry ville .... ...
Cherryville--- . -
China Grove . .
Rowan County -.- --- .
Clayton ...
Clavton. .- . ..
Concord
Cabarrus County.. ......
8,911
9,020
7,983
921
449
6,390
6,452
3,925
5,039
100
295
5,825
7,714
222
Dallas .. .
Citizens.- _ .. . ... . -
Concord Perpetual - _- -
Peoples - --- . ~
Davidson.. .
Davidson... . ..
Durham
Durham Building and Loan .
Edenton .
Home... -_ -- ...
Peoples-- . - . -- - _ .-
30
Albemarle ._- -.. -
Elizabeth City
Edenton ...
1,286
1,55U
957
1,646
298
Albemarle- -
Elkin
Enfield
Enfield
1,315
936
318
155
2,290
6,868
3,501
1,147
4,514
7,706
Fairmont.. .
Farm ville.-
Farmville- ---
2,114
Fayetteville
Cape Fear -
Forest City
Cross Creek ..
8,846
1,838
1,259
7,577
9,513
Home-- -. . - - - --
Forest City-- --- --.
Gastonia.. . .
Gastonia- -- - - ..
Goldsboro. . .
Home -- _-
Graham
Goldsboro --- -- . . .
8,514
4,763
Home- . '.. .. . ..
Graham .........
2,661
941
9,414
1,404
565
933
1,262
3,612
185
4,835
Granite Falls .. ..
Granite.. ..
Greensboro.
Gate City
Greenville
Home -. ... .
5,698
276
10,075
Pioneer
Home
Hamlet .
Henderson. .
Home - -
1,600
4,009
72
13,548
548
3,349
Laborers -. ...
Mutual -. -
Hickory
First 1
4,693
Building and Loan Associations
185
STOCK EXHIBIT
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Number
Number
Shares
Shares
Number
Number
Par Value
Interest
Expense
Canceled and
in Force
White
Colored
of Each
Rate,
Ratio,
Withdrawn
at End of
Shareholders
Shareholders
Share
Per Cent
Per Cent
During Year
Year
346
1,769
110
11
$ 100.00
.062735
.022869
648
6,598
482
42
100.00
.052913
.022839
58
1,133
136
100.00
.025811
.033765
188
1,435
132
100.00
. 054397
.032182
2,719
28,559
1,212
131
100.00
.051241
.038176
685
5,565
191
66
100.00
.058195
.030044
20
239
23
100.00
.040831
.034110
591
172
1,009
90
2
100.00
.018122
.062061
1 282
3,450
248
9
100.00
. 050461
. 032536
'll7
'782
69
4
100.00
'. 038080
'.045690
545
2,818
243
10
100.00
.064863
.024164
164
564
38
100.00
.044641
.037297
8,702
56,900
2,485
890
100.00
.061073
.020403
571
1,254
88
36
100.00
. 049510
.052980
3,589
72^511
3,450
550
100.00
.065696
! 026123
74
676
118
86
100.00
165
1,329
15
100.00
.023791
.063889
501
2,745
258
100.00
.054807
.031488
364
2,620
246
4
100.00
. 057520
.031420
3,' 612
100.00
! 044146
! 040359
2,313
13,050
1,418
181
100.00
.074291
.017206
2, 507
10,438
995
37
100.00
. 069048
.029784
2 232
10, 790
900
30
100.00
. 062529
. 023085
'lOO
'921
68
6
100! 00
55
689
75
15
100.00
. 049492
. 049885
1,604
13,410
712
100
100.00
. 063890
.025461
429
7,285
426
39
100.00
. 040458
.046210
40
212
64
100.00
279
1,964
128
7
100.00
.059999
.033887
379
2,818^
267
5
100.00
.054114
.040657
298'
50
100.00
173
2,078
102
2
100.00
.048369
.021529
318
64
100.00
529
1,740
73
g
100.00
O'i'i'^Rfi
. \JiJOOO\}
175
2! 115
205
5
100! 00
. 048040
.015591
2,451
13,263
578
34
100.00
.061640
.021213
942
4,397
100. 00
* yjo 1 vuyj
.060866
0*^3001
262
2^144
188
12
100.00
.043001
1,442
10, 649
468
33
100.00
.061649
.028269
1,839
15,380
717
131
100.00
.059019
.028848
1,837
11,440
578
12
100.00
. 064946
.027356
145
3,930
100.00
.062300
.023100
128
1,378
121
100.00
.040880
.029740
10,347
650
70
100.00
.060711
.035530
1,262
101
4
100.00
835
8,475
560
44
100.00
.059800
.035974
104
357
1
53
100.00
880
14,030
100.00
.054841
.038047
177
1,921
142
100.00
.048755
.041500
665
6,693
313
6
100.00
.062220
.037380
27
45
9
100.00
.061266
.034596
2,215
16,026
1,113
238
100.00
.067657
.034463
186
Building and Loan Associations
TABLE No. V—
SHOWING NATURE OF STOCK OF BUILDING AND LOAN ASSOCIATIONS
City or Town
Name of Association
Number
Shares in
Force at
Beginning
of Year
Number
Shares
Subscribed
During
Year
Hickory . .
Mutual ... .
4,134
333
10,588
1,670
141
4,101
Hiddenite.-- - . -
Hiddenite.. . . ._, ... ..
High Point
High Point Perpetual . ..
Hillsboro . .
Mutual .... . ...
Piedmont ...... . .....
7,139
828
2,380
1,010
Hillsboro. .... .....
Kernersville _ . .
Kernersville _ . .
Kings Mountain _ .
Kings Mountain ,
2,517
350
2,548
820
1,514
2,775
5,119
3,707i
448
4,813
787
2,691
1,089
513
992
1,094
1,710
Kinston . _ .
Eureka. -_ . .. . . . . , , ,
Landis . .
Mutual ... , ..... , , ,
1,846
532
1,036
2,066
3,746i
3,192
506
3,401
1,532
1,534
481
502
170
750
Home,,. -., . .. ,
Leaksville . . _
Boulevard.. ... . , , . _, ,
Lenoir . .
Twin City
Citizens. .... ...... ..
Lexington,.. . _
Mutual.. .. - . ... ._ _,
Lexington Home.., ... ,. ... , _
Lincolnton... . .
Lexington Perpetual _, ,
Mutual , , .. - ,._ ,
Lincolnton,. .. ... .
Lumberton .
Peoples Home... ,,. .... _ ,, . ,,, .
Robeson . . .,
Madison.
Madison. . .
Maiden.. ..
New Home .......
Marion.. .
Home . .... ...
Maxton .
McDowell . .....
3,359
1,427
Home .. -.- ....
Monroe _
Peoples ...
961
681
Mooresville . . .
1,699
704
3,097
253
4,347
3,843
286
1,366
81
1.616
Morehead City.. .. . . .
Morehead City. .. ..... .
Morganton ... . ._ .. ...
Morganton .... , , ,
Morven..
Morven, .... ., , . _-.
Mount Airy. . . . __ .
Workmans . ..... .
Mount Gilead
Mount Holly
Mount Holly .. . ... . ....
923
691
Mount Olive,.
New Bern _ , .,_
Home. ... ...... ........
2,116
5,575
5,391
389
868
716
2,083
2,696
295
310
878
1,315
638
378
Newton .,.
New Bern . .. . ......
Citizens. ..... - .. ..
Norlina .
Cooperative ...
North Wilkesboro ...
North Wilkesboro
Norwood
Oxford. ._ ...
Oxford
3,988
1,919
339
Pinetops .
Pinetops , _
Ilaeford ._ .
Raeford,, ,., ,. .
Raleigh ...
Randleman
13,795
8,004
Red Springs _ . .
1,148
Reidsville.,.
Roanoke Rapids. . . .
1,188
2,171
921
1,585
273
6,122
1,123
2,895
6,214
1,099
291
2,473
115
1,184
164
2,344
181
1,654
4,621
621
Robersonville . _. ..„,.
Rockingham. . ... ..
Rockwell
Rocky Mount.. . .
Mutual .. ,.
Rocky Mount Homestead ,
Building and Loan Associations
187
STOCK EXHIBIT— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Number
Shares
Canceled and
Withdrawn
During Year
Number
Shares
in Force
at End of
Year
Number
White
Shareholders
Number
Colored
Shareholders
Par Value
of Each
Share
Interest
Rate,
Per Cent
Expense
Ratio,
Per Cent
833
4,971
366
14
$ 100.00
. 067877
.035590
25
449
56
100.00
.065813
. 030444
1,000
13,689
625
115
100.00
.061086
.025999
1 568
7 951
520
35
100.00
.061599
094906
654
1,284
104
100.00
. 055288
.025833
803
3,424
336
20
100.00
. 062093
.022957
114
236
150
100.00
. 106060
.097096
753
3, 641
240
10
100.00
. 049290
244
1,108
113
9
100.00
.049720
.023390
547
2,003
174
1
100.00
. 052987
.036754
983
3,858
233
41
100.00
. 067290
.013320
1,775^
7,0891
638
6
100.00
.042780
.036150
1 211-
5, 687f
504
71
100. 00
.034710
45
909
71
4
100.00
. 063459
.025026
994
7,220
684
70
100.00
.065380
.030021
186
2,133
144
24
100.00
.037535
.066310
599
3,626
330
52
100.00
.060330
.026260
239
1, 331
151
33
100. 00
033421
030420
260
755
78
100.00
.032380
.084820
27
1,135
76
9
100.00
.048340
.032690
1,030
814
114
11
100.00
.062713
.011734
729
4,057
242
12
100.00
.061608
.021055
1,186
100.00
.049781
.029324
160
1,482
91
3
100.00
.028002
.082646
1,792
3,750
316
8
100.00
.050511
.048821
126
864
81
100. 00
. yjoov^v
. vo^jyjoyj
499
3,964
398
47
100.00
.049127
. 022902
137
197
17
2
100.00
.031198
.069350
665
5,298
460
6
100.00
.065670
.035110
259
1,355
130
2
100.00
.069177
.032282
240
2,592
100.00
. 040857
.037107
755
6,903
572
4
100.00
. 048430
.039770
727
7,360
447
75
100.00
.068267
.021517
41
643
44
100.00
.039924
.021543
222
956
83
100.00
.015267
.035009
5
873
89
3
100.00
365
4,938
298
29
100.00
.056600
.026790
208
2,349
265
17
100.00
.038050
.029680
246
471
40
100.00
.051600
.034378
•
2,920
18,879
1,250
195
100.00
.060920
.028660
1, 148
95
100.00
.016553
. 043463
235
1,244
110
16
100.00
.052400
. 028970
351
4,293
214
100.00
.065327
.035630
22
1,014
68
2
100.00
.044141
. 036253
552
2,217
100.00
.066809
.038750
437
76
100.00
.0348.38
.021392
1,154
7,312
421
7
100.00
.059544
.016681
123
806
786
20
100.00
.041828
.057806
524
4,025
244
3
100.00
.065140
.019680
1,343
9,492
471
12
100.00
.063911
.018174
135
1,585
89
100.00
.031674
.027771
188
Building and Loan Associations
TABLE No. V—
SHOWING NATURE OF STOCK OF BUILDING AND LOAN ASSOCIATIONS
City or Town
Name of Association
Number
Shares in
Force at
Beginning
of Year
Number
Shares
Subscribed
During
Year
Rutherfordton.
Salisbury
Sanford
Scotland Neck.
Selma
Shelby
Smithfield.
Southport.
Spray
Statesville.
Stony Point-
St. Pauls
Tarboro
Thomasville_
Tryon
Wadesboro.
Wallace
Warsaw
Washington.
Waynesville.
Weldon
Wendell
Williamston.
Wilmington.
Wilson
Winston-Salem.
Zebulon
Totals-
Citizens
Citizens Cooperative.
Home
Perpetual
Salisbury-Spencer
Sanford
Home
Selma
Shelby
Shelby and Cleveland County _
Smithfield.
Southport.
Home
First
Home
Mutual
Stony Point •
St. Pauls
Edgecombe Homestead and Loan.
Tarboro
Citizens.
Home...
Peoples.
Peoples.
Anson..
Duplin Rural
Warsaw
Beaufort County.
Home
Washington
Haywood Home-
Weld on
Wendell
Martin County. _
Carolina
City and Suburban.
Citizens
Cooperative
Hanover
Home
Mechanics Home
Metropolitan Trust
North Carolina Home.
Orton
Peoples
Progressive
Rural
Wilmington Homestead and Loan.
Atlantic
Wilson Home and Loan
Citizens. --
Fealty
Mutual
Peoples
Piedmont.
Standard
Winston-Salem-
Zebulon
1,527
3,312
1,344
4,374
4,723
4,465
1,663
2,563
5,136^
2,073
4,337
15,002
4,336
1,321
2,549
008
354
1,156
359
3,978
5, 135
3,890
2,932
2,593
1,926
793
1,229
1,481
1,506
233
31
3,058
831
10,972^
10,7791
2,908
1,052
4,555
1,460
7,880
3,890
4,188
3,077
880
713
3,309
1,005
610
313
3,958
1,382
2,825
2,181
4,369
3,545
8,235
10,001
3,639
2,045
2,506
1,223
5,146
2,826
6,315
4,252
1,490^
702
2,566-^
4,513
15,124
14,902^
586,595
Building and Loan Associations
189
STOCK EXHIBIT— Continued
OF NORTH CAROLINA FOR THE YEAR ENDING DECEMBER 31, 1920.
Number
Number
Shares
Shares
"NFn TTi Vipy
intGrGst
Expense
Canceled and
in Force
White
Colored
of Each
Rate,
Withdrawn
at iiina 01
Shareholders
QVi Q ffiVi r»lH
Share
"Par- Can +
rev K^eni
Per Cent
During Year
Year
212
2,205
202
11
$ 100.00
.053973
707
5,280
321
13
100.00
167
2,796
100.00
.049354
.024785
864
4 409
127
32
100.00
. l/OoZ 10
.022114
25
596
100.00
2,513
12,639
642
55
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3,244
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526
355
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.030114
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297
131
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.032590
308
23
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310
1,502
162
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.047593
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234
3,820
281
27
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9
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843
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8,357
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3,420
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122,269
831,404
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190
Building and Loan Associations
TABLE No. VI
SUMMARY OF BUSINESS DONE BY BUILDING AND LOAN ASSOCIATIONS FOR
YEAR ENDING DECEMBER 31, 1920.
1. Income:
Installments
Prepaid stock
Borrowed money.
Profits
Other income
Total income.
2. DlSBtTRSEMENTS:
Stock retired
Profits returned to shareholders.
Borrowed money
Interest
Expenses
Other disbursements
Total disbursements
3. Assets:
Mortgage loans
Stock loans
Cash.--
Other ledger assets at end of year.
Nonledger
Total gross assets
Ledger assets at beginning of year-
Increase in ledger assets during year.
4.^LlABILITIES:
Installments
Matured stock
Prepaid stock
Accrued interest and expenses
Unapportioned profits
Profits reserved for prepaid stock
Profits apportioned to installment stock.
Borrowed money
Other liabilities
Total liabilities-
5. Stock Exhibit:
Number of shares in force at beginning of year '
Number of shares subscribed during year.
Number of shares canceled, matured, and withdrawn during year
Number of shares in force at end of year
Number of associations incorporated during year
Number of associations ceased doing business
Number of associations reporting for year ending December 31, 1920.
Number of associations failing to report
Number white shareholders
Number colored shareholders
Average interest rate earned .
Average expense ratio
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