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Full text of "Reports of building and loan associations doing business in North Carolina filed with the Insurance Commissioner for the year ... [serial]"

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 



M... 
N.._ 
O.... 
P.... 
Q..-. 
R... 
S..._ 
T.._. 
U... 

v.... 
w... 

X... 
Y... 
Z.... 
AA-. 
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EE.. 
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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 





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 . / 


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. / 




oo, 116. 1 6 


=;Q 11A 97 

.oy , 110. ^ 


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. I 


AQ9 Qt^Q Q1 

^yz, 00.3. yo 


901 9AQ A7 
•3ul , 008. 0/ 


1Q7 ot;A 7c; 

18/ , yOD. / 


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 / . 1 


1 CO A7 
18Z. 0/ 


Q 7Qn OC 
8, ( oU. Z6 




l^AT A1 
8 , O"! ( . 1 






16,843.75 




16,843.75 


12,560.78 


4,282.97 


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 


OQft 70 
Z, Z-dO. / Z 


f;;; ot; 
00. zo 


OQ1 07 

z, /^yi . y 1 


99/f 9;; 
Z, 004. 00 


iQ7 A9 
'y / . 00 


45. 99 


1 1 

oU . 11 


oQR in 

Z, Z.30. lU 




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 




/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 


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 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 
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 
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 


100.00 


. \JOtJ(JOO 

. 068066 


. Uzo1d9 
. 015729 


880 


6,056 


351 


14 


100.00 


.075722 


! 018044 


927 


5 596 


135 


10 


100.00 


flfi9QQn 

. V\JiJUU\J 


. 014b80 


186 


2^126 


199 


41 


100.00 


.051050 


. 028330 


697 


3,595 


222 


10 


100.00 


. 055480 


! 024300 


1 , 350f 


5,850f 


469 


130 


100.00 


. 055770 


f\*lA 0(17 




4, 422 






100.00 




.023292 


464 


4, 801 


432 


102 


100.00 


.060034 


.049705 




456 


44 


1 


100.00 






3,244 


16 696 


526 


355 


100.00 




.030114 


856 


5; 109 


297 


131 


100.00 


.059100 


.032590 




308 


23 




100.00 






310 


1,502 


162 


10 


100.00 


.047593 


.030319 


234 


3,820 


281 


27 


100.00 






9 


'572 


85 


4 


100.00 
















19 


843 






100.00 


.062016 




79 


1,436 


166 




100.00 


1 285 


7 828 


325 




100.00 


. I/0/4U0 


.019931 


'632 
686 


6^190 






100.00 


. 059844 


.026392 


3,833 


237 


26 


100.00 


.059809 


! 019948 


40 


1,982 


203 




100.00 


.082600 


.018128 


160 


2,827 


166 


12 


100.00 


. 074390 


.025220 


85 


179 


38 




100.00 




303 


3,586 


363 




100.00 


. 042665 


fl37'?f)n 

• wo i OvW 


4,304 


17,448 


1,971 


374 


100.00 


.063429 


.017593 


793 


3,167 


206 


37 


100.00 


.062410 


. 025630 


1,034 


4,981 


245 


70 


100.00 


. 060600 


097910 


2,056 


9,714 






100.00 


.066192 


. 030252 


1,523 


5,742 


505 


290 


100.00 


.061851 




460 


1,133 


146 


30 


100.00 


'.054948 


.048007 


812 


3,502 


348 


124 


100.00 


.066124 


.048140 


212 


711 




141 


100.00 


.034128 


. 044990 


1, 790 


3 550 


350 


151 


100.00 


. Oody^o 


. 033666 


1 223 


3 783 


371 


40 


100. 00 


.057817 


.019477 


2,' 260 


5; 654 


442 


220 


100.00 


.069086 


.093272 


3,236 


15,000 


960 


479 


100.00 


. 062450 




1,003 


■ 4,681 


419 


117 


100! 00 


! 062263 


.032105 


896 
885 


2,833 


183 


97 


100.00 


.058354 


.031086 


7,087 


331 


66 


100.00 


.060608 


! 034159 


2,148 


8,419 


292 


174 


100.00 


.058040 


.027210 


411 


1,78H 
2,960^ 


76 


9 


100.00 


.049671 


.037911 




9,107' 


816 


27 


100.00 
100.00 














530 


8,357 


337 


88 


100.00 


.057570 


.022790 


3,420 


16,639 


1,110 


218 


100.00 


. 060274 


.033164 


2,238^ 


16,542 


873 


88 


100.00 


.056366 


.040721 


122,269 


831,404 


49, 608 


7,918 




.054768 


.033688 



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