The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1914-02-27
IMMENSE INCREASE
IN BANK ASSETS OF
STATE INSTITUTIONS
FIRST BULLETIN ISSUED BY su.
PERiNTENDENT j, L. HUTTON =
MACS FINE SHOWING.
ALMOST DOUBLED IN ten YEARS
Twenty-seven State Banks Having
Surplus and Undivided Profits
Equal to Capital Stock Are Placed
on Departments Roll of Honor.

Equal to Capital Stock Are Placed
on Departments Roll Of Honor.
According to the reports of the
state banks of Tennessee made to
Col. ]. L. Hutton, the state bank su'
perintendent, on January 6, those in.
stitutions had aggregate assets OF
$1O2,747,3 07.46 as compared with half
that sum ten years ago. In 1906, or
only eight years ago, the aggregate
assets of the state banks of Tennes.
see were only $60,006,O0O showing a
gain in that period of more than six.
ty-six per centum.
There are 401 banks included in the
report and they had an aggregate OF
$75,267,977.S1 Of deposits, divided be-
tween demand deposits of $52,216,-
210.5S and savings and time deposits
of $23,O51, 1928. The deposits have
almost doubled during the past ten
years.
The total of the loans and discounts
on the date of the report was SCI ,054,-
541.S2. They had a total of bills pay.
able and rediscounts of $2,012, 401 .89.
A unique, but most interesting fea-
ture of the report is the statement Of
an average state bank" which has
been compiled by Superintendent
Hutton. According to this compila.
ton the average state bank in Ten
nessee has assets of $256,793.22 and
the average deposits are $1SS,169.91.
The average capital stock is $685..
IL and the average surplus fund is
81, 70S.02.
But the feature of Superintendent
Hutton's report that will attract most
and will undoubtedly prove
to be a great incentive for the build.
ing up Of surplus account, is. the
publication of Roll of Honor" Su.
perintendent Hutton places ON this
roll of distinction all the banks whose
surplus and undivided profits are
equal to their capital stock. There
are only twenty-seven of the 101
state banks in Tennessee on this roll.
Of this number eight are in Middle
Tennessee. Only one is located in
this congressional district, that be-
ing the Union Bank & Trust ompany
of Pulaski.
The statement is the most complete
and interesting ever published of the
state banks of Tennessee and reflects
great credit upon Superintendent
Hutton and his capable assistant
Jno. ]. Helm.
The following is the abstract of the
401 banks on Jan. 6:
Resources.
Loans and discounts S 61,O54,541.S2
Overdrafts ...... ..... 1,664,933.26
Bonds and stock ...... 4,297, 669.96
Banking house, fur
niture and fixtures ). 4,115,7 31.43
Other real estate ..... 9S3,76O.7O
Actual cash on hand =. 5,336,9S3.S1
Dne from banks and
bankers on demand. 1883, 439.72
Checks and cash items
and cash items in
transit ........ -. -. 2,539,9 S2.43
Invested trust funds and
other resources -. :. 5,214,264.33
IoIdl SlUz,l4l ~ 40
Liabilities.
Capital stock paid in 5 15,271,447.9O
Surplus fund and undivid-
ed profits -. -. :. 5,OS3,21O.47
Total demand deposits 52,216,21O.5S
Savings and time depos-
its 500. ...... -. 23,O51, 1878
Notes and bills payable 1
and rediscounts -. 2,4O1.S9
Other liabilities, including =
reserve for taxes, etc. 5.112,269
Total -. -. .... .$102,747,3O7.46