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Image provided by: Newark Public Library
O u r q u a r t e r l y f i n a n c i a l r e p o r t s s h o w t h e o v e r a l l p i c t u r e — t h e t o t a l a m o u n t o f c o n f i d e n e e y o u h a v e p l a c e d in u s t h r o u g h t h e f i n a n c i a l s e r v i c e s v v e h a v e b e e n a b l e t o p r o v i d e . • B u t w e k n o w t h a t o u r - p u r p o s e is n o t s o m u c h t o b e b i g , b u t t o s e r v e . B e c a u s e , w h e n y o u c o m e r i g h t d o w n t o it, a F u l l - S e r v i c e B a n k i s o n l y a s g o o d a s t h e s e r v i c e y o u r e c e i v e e a c h t i m e . y o u v i s i t u s , w , ~ V S o w e r e l y h e a v i l y o n t h e 3 7 2 t e l l e r s in o u r 3 6 o f f i c e s , w h o t e l l o u r s t o r y m i l l i o n s - f - o f t i m e s e a c h y e a r . K a t h l e e n K e s s l e r , - s h o w n - a b o v e , i s o n e o f o u r t e l l e r s . , T h a n k s t o y o u — a n d i J b e n n — o u r o v e r a l l p i c t u r e is b r i g h t , a s i n d i c a t e d b y t h e f o l l o w i n g s t a t e m e n t o f c o n d i t i o n . / $ ' STATEMENT OF CONDITION At June 30 ASSETS Investment Securities: Ojfher Securities ...... •. ___ .... Total Investment Securities Loans: Mortgage Loans --------- ------------ - - ....... ..... ....... Instalment Loans ....................... , ......... . ............ . ............ . Total Loans ____ , _ . . . . ................. ......... . . ... .*456,076, 797 L e s s : Allowance for P o s s ible Loan Losses ........... 9,798,274 Other A s s e t s - ---------- ... TOTAL ASSETS .......cT.... ............... $738,513,762 1968 1967 $ 80,610,229 ^ $ 82,082,634 , 75,463,518 j 67,186,203 , 112,186,114 | i' 97,367,197 , 7,056,206 )h'h \1 .194,705,838 y ‘ 165;786;085 .. \ . 233,407.843 f • r 227,386,501' . 137,836,643 120,612,129 . ' 84,832,311 y 77,179,549 425,178,179 . 9,798,274 , 9,059,992 446,278,523 416,118,187 . 9:893,770 11,101,644 . 4,836,428 .3,740,174 . 2,188,974 ■ 874,502 .$738,513,762 $679,703,223 LIABILITIES AND CAPITAL 1968 Demand Deposits . . . . . . . . M . ........ ...... . . .......... ............. . v . $335.1-63.865 Savings and Time Deposits ................. „.... ................ 332.532.381 * Total Deposits ............................... P 667,696,246 Accrued Interest, Taxes and Other Expenses ....................... 3,482,001 Unearned Discount ................................ ... ..................................... 8,452,316. ~Other Liabilities 104,337 Total Liabilities . . . . . i . . . . . ......... 679,734,900 1968 * 1967, ’Book Value of Assets Under Trust Division Administration * . . . . . . . . . . . . . . . .. . ., .$f,020,296,946 $939,014,221 1967 $317,520,818 299.637,884 617,158.702 3,262,008 -. 7,699.769 524,810 628,645,289 j Capital: < Capital Notes . ......... . . . . . . . . . . . . 10.000.000 . Capital Stock-$10 Paf Value f . Authorized and\Outstanding Shares: v. 1968-1,700,000 1967-1,186,024 ....... ....... .... ............ 17,000,000 Surplus ...... 22:000,000 Undivided Profits ...... 9.778.862 Stockholders Equity ...... 48,778,862 ■ Total Capital ............................ ............. ........... 58,778,862 _________ TOTAL LIABILITIES AND CAPITAL ............... ....,-..$738,513,762 $679,703,223 1 0 . 000.000 ■ 11,860,240 2 2 , 000 , 000 . -7,197,694 41.057.934 51.057.934 ■S\ * NEWARK OFFICE Ansel W, Stork, Vice Presidentand Manager Jamds C. Corlew, A s s ’t Secretary \ Duane H. McCue.Ass'f Secretary Richard- D. Boerman, Ass’t Manager \ ( NewarkPlaza, Office ' , Albert Ryckbost, Ass’t Secretary andManager Christopher E. Coleman, A ss’t Manager Frank W. Wood,,Ass’i Manager ^ <- Daniel B. Chaffee . Presldent-Challee’slnc. Harry G. Chapman, 1 President—Perfection Poods, Inc. Harold H, Brake Vice Presidenl-C. H. Stuart Go,, Inc. Dr. Joseph A. Justino Orthodontist Carl A; Larson Manager—Sibley, Lindsay & Currpo. of Newark Glerin A- S tell, President—Elmer E. Stell& Sons, Inc. Leo F. Whelan PresmentPWhelan Cadillac-Pontlac, Inc. Raymond L. Wilson President—R. L. Wilson! & C o ., Inc. MACEDON OFFICE James E. Fitch, A ss’f Secretary and Manager Charles W. Burg.Ass’f Manager oward B. Bradley Retired ¥ p p m * * * Chrl Jeering*\ ■ Retired •V., : I” Albert Natale Real Estate Developer RichardH.Samueis __ Vice President—Plastics Division, MobilCpemical Company V L i n c o l n R o c h e s t e r flOCHEBiPER TRUST COMPANY MEMBER FOIC A L i n c o l n F i r s t b a n k