Hammond Times, Volume 15, Number 333, Hammond, Lake County, 7 April 1922 — Page 7

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THE TIMES Pacta So von ass 2S23 I3EEEEH25SES 2S35K2 S1K

ComparatSve Statement of the Condition

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RESOURCES Nov. .1,1921. Loans and Discounts $101,112.41 U.S. Bonds 12,450.00 Other Bonds .............. 23,1 1 7.50 Banking House ........... None Furniture and Fixtures .... .. 14,800.00 Due from Banks 34,21 2.09 Cash on Hand 7,851.27. Premium on Bonds ...... .: None Current Expenses 101.50 Interest Paid 110.62 Bills in Transit ........... 169.50

Total ..$193,924.89 LIABILITIES Capital Stock' ...... ., ... .$ 50,000.00 Surplus ............... . .; 5,000.00 Undivided Profits . ... .... . None Exchange, Disc. Interest . . 181.66 Demand Deposits ........ 79,364.66 Savings Deposits ........, 56,377.65 Trust Deposits ............ 2,400.95 Certified Checks ...... 46.75 Other Liabilities ......... . " 553.22 Total .trtlz. .$193,924.89

March 31, 1922. $157,306.31 9,550.00 101,147.50 15,000.00 . 14,942.75 18,807.10 8,817.94 1,873.32 5,203.16 1,368.71 35.00 $334,051.79.

$ 50,000.00 5,000.00 1 330.32 !; 9,075.60 123,259.93 144,692.57 1,209.32 193.95 290.10 $334,051.79

Net Gain-Five Montfis; $140, 126.90 TOTAL DEPOSITS Nov. 1, 1921, $138,143.26 March 31, 1922, $269,161.82 Net Gain, $131,018.56 TOTAL SAVINGS DEPOSITS Nov. 1, 1921, $56,377.65 March 31, 1922, $144,692.57 Gain, $88,3 14.92 or 160 During the 5 months we opened 476 new Savings Accounts and 21 5 new Commercial Accounts, a total of 691 new accounts. I, Alexander J. Marko, Cashier of the Peoples Co-Operative State Bank, do solemnity swear that the above statements are true. 1 ALEXANDER J. MARKO, Cashier. This marvelous growth of 100 in 5 months was reached through our pojicy of "Service First, Last and All the Time."

This Bank holds: i , First: That it is a fundamental that tanking institutions make profits by virtue of loaning the depositors money.

Second: It follows that depositors unquestionably have definite equities developed in such earnings; therefore we . limited the dividends of the stockholders to 1 0 and will distribute the profit to the depositors who helped us to' make it. We pay 4 on savings deposits from the date of the deposit to the date of withdrawal, compounded quarterly. We pay 2 on checking account when daily balance is $500 or more. For the convenience of the working people and business men we keep open Tuesday, Friday and Saturday evenings until 8 o'clock. Our tank is safe and strong under the supervision of the State and we have the moral and financial support of our brother bank of the Brotherhood of Locomotive Engineer Cooperative National Bank, Cleveland, Ohio, with a total resources of over 14 million dollars. On the Strength of This Statement We Solicit Your Business

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J. G. IBACH, President. DR. O. O. MELTON, 1 st Vice President. A. J. MARKO, Cashier.

- R. H. HARRINGTON, 2nd Vice President. D. E. GAVIT, Assistant Cashier.

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