Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1912-03-01
THE FIRST NATIONAL IS SHOWING.
An Explanation Of What Bank
Statement is.,

A statement Of the First National
Bank Of Great Bend, Kansas, appears
elsewhere in this paper, as called for
by the Comptroller Of the Currency.
washington, d. c., under date of Feb
ruary 20, 1912.
In publishing a statement Of this
character it is possible many readers
DO not understand its meaning and
fail to make comparisons with other
statements Of this kind, and making
common explanation OF this, the fol-
lowing will be Of much interest.
First, the Liabilities Of the bank
will be taken into consideration. Un-
der this heading are the amounts in
trusted to the officers by the stock
holders and depOsitos to carry ON the
business of a banking association.
The capital of 500 100000 is money
deposited by individuals for which
stock has been issued. Capital stock
is used to do business on.
Surplus of s2O,OOO.OO is the. amount
set aside to meet any losses and is
earnings on the Capital Stock which
belongs to the stock holders.
Undivided profits of $4,627.S2 is the
amount this bank has made clear
since the first of the year, after all
expenses have been paid and belongs
to the stockholders.
Circulation Of 81 10000 represents
National Bank notes or Currency is |
sued by this bank now in circulation
throughout the country.
Reserved for taxes, $154.16. This
amount represents what is left out
of $l5OOOO, after paying 1912 taxes.
Deposits Of $55S,565.49 represents
what banks and individuals Of this
section of Kansas have deposited in |
this bank. Adding the above figunes
makes Total Liabilities Of $3.50, 1861.
Under the heading of Resources,
which is the most essential in bank
ing, We have Loans and Discounts,
representing 1899, ,6S6.79 which repre-
sents money loaned to firms and in
dividuals in this section of Kansas.
Good loans We always try to make
bad loans we fight SHY of.
0verdrafts sS5O.54. This amount
represents, temporary Accommodations
granted customers. We do not make
practice of allowing overdrafts, but
keep them at the very smallest fig
ure.
Real Estate, Furniture and Fixtures
S9O,54517, represents our bank build
ing, furniture and fixtures, and other
real estate We own.
U. S. Bonds, tat par) $75, 100000 rep
resent Government Bonds after all
premiums have been paid. We have
these bonds deposited with the Gov
ernment to secure currency We issue
against this amount, 100000 Of this
amount being security for U. S. de-
pOsits.
High Grade Bonds lat par) SIG, ,2O0.-
90, We have school and municipal
Bonds for this amount and is the
quickest asset a bank may have to
realize on. Together with Cash and |
Sight Exchange OF $21S,Ol4.47 max
ing a total OF $244,214.47 OF nearly
As per cent of the total amount Of de
posits.
Cash and Sight Exchange represent
of actual cash in the bank
to carry on ordinary daily business
and the amounts deposited in City
Banks to our account to check against
for Exchange or Cash. Adding the
above figures makes total Resources
Of $749, 9,29s.S7.
The directors Of the bank, Chas.
E. Lobdell, W. Torrey, E. J. Eve
leigh, R. L. Hamilton, F. H. Miller,
F V. Russell and Ola B. Chapman,
make careful examination Of its af-
fairs each month, verify its accounts
and approve its loans. The officers
devote their entire time to the bank
and its interests which is the reason
it is known as The Bank That Does
Nothing but Banking"