The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-11-15
Resources and Liabilities Of
384 State Banks and Three
Trust Companies Is Com.
pared With Report a Year
Ago. Classed as Optimistic
by Semingson

BUSINESS throughout North Da-
kota 10 on thoroughly sound basis,
State Bank Examiner Gilbert Sem.
ingson said here today in releasing
Tor publication the consolidated
statement Of the condition OF all
state banks as Of October 10.
"The financial situation as in
dicated by the general condition of
state banks is thoroughly sound
and might even be classed as optim-
tstic," Semingson said. Resources
have increased, deposits are on the
upgrade and reserves are in fine
shape"
The report lists the resources and
liabilities Of 364 state banks and
three trust companies as compared
with 426 banks and three trust COM
panies reporting q year ago. The
reduction in the number Of banks
has been due largely to consclida-
tions, some have liquidated their af-
fairs and quit business and some
have closed. Indications are, Sem
ingson said, that the next report
will show the same number Of
banks In operation AZ the present
report since practically all banks in
the state have strengthened their
position in recent months.
Loans Show Increase
Resources Of the banks reporting
balance with the liabilities at $685.
999, ,77O.12 as compared with q total
OF $69, ,637 ,626.03 q year ago and
81, ,059 ,526.46 on June 30, 1927.
Loans and discounts are $61 $685.
270.O3, = decrease Of $6,621 ,8O4. .90S
since June but m increase Of ST.
120. 0.470.53 over . year ago. War
rants, st ks and bonds other than
government issues total $4,557,-
z9S.76, . decrease Of $685., ,981 .08 as
compared with Z year ago but an
increase Of $322,471.31 since June.
Government issues total 1858, 1885,
06, . de'reaSe Of $689, ,646.54 since
. year ago but m increase Of $685.
7O6.57 since June.
A not ,ble decrease has been
made in the value Of real estate
other than, banking houses and fix
tures. This item now is listed at
$6A7O, ,l71.26, . decrease Of $7l2,-
$3.50 since October, 1926, but an
increase Of 81, 2,661.66 since June.
That bankers generally are
optimistic is indicated by the fact
that they are increasing their cur
rent expenses, the increase being
$72, 2,l6O.lO ar compared with Octo-
Der, 1926, and $262, 2,382.72 as COM
pared with June.
Reserve Increase Noted
A total Of $13,597, ,694.53 is listed
Is due from approved reserve
agents, an increase Of $2.9l9, ,092.-
e4 since October, 1926, and $6,316,-
615.19 since last June. Items due
from other banks and cash items
show substantial increases as COM
pared, with a year ago and with
last June. Cash on hand is placed
at 81, ,462, ,35l.95, . decrease Of $272,-
436.25 as compared with year ago
but an increase Of $246, ,605.90 since
June. S.
The liabilities account shows paid
in capital stock at $7,057.5O. . de-
crease Of $3.50, 900 during the last
year and Of SIS, 900 since June. The
surplus fund is $2,439, ,33l.65, . de-
crease Of 413O,06O.07 during the
last year and Of $15,457.7l since
June, Items due to other banks are
$263,010.60 larger than . year ago
and $226, $685. larger than in June.
Deposits Are Larger
Deposits subject to check total
$32, ,426, : ,700.19, m increase Of 81
676,6ll.9O since October, 1926, and
Of 4l0,347, ,So6.94 since June. Guar
anty fund deposits are $163, ,6l6.69,
q decrease Of $21O,S9l.46 during the
last year and $751; ,266.7O since
June. Demand certificates Of de-
posit ire 9208, ,O09. 80, Z decrease Of
$448, 8,6O2. SO during the last year and
Of s65, 5,662.63 since June. Time GER
tificates Of deposit total $85. .bl2,.
226.76, . decrease Of $6.649.6l6.Ol
during the last year and Of -. .16S.-
1892 since June. Savings deposits
ars $e,2ll.l08. .26, . decrease Of $11,-
l81.ll during the year and m In
crease of 32l0, ,O70.0l since June.
Bills payable have dropped. TO 81
SO6, ,7o2. 70, ! decrease Of $533. $780,
Q6 during the year and of~$S15,-
668.l7 since June.
Total deposits are {7S, ,100. .172.7S
a compared with $77.S60. .619 IN
October, 1926, and $50, ,156, ,6O5.0l IN
ymna. Total reserves are $16,614,a =