I enclose herewith a comparative statement of the condition of this Bank, on the 1st instant, and on the 1st day of January, 1860.
Very respectfully, your obd't serv't,
Wm. McCREERY, Cashier.
Comparative State of the Farmers' Bank of
Fincastle, on the 1st day of Jan., 1860, and 1st day of Jan., 1861:
| 1860. | 1861. |
| debt outstanding | $88,367.81 | $141,223.81 |
| Stocks | 160,000.00 | 150,000.00 |
| Specie | 24,719.93 | 29,604.25 |
| Specie funds in hands of Auditor | 00.00 | 12,100.00 |
| Notes of other Banks in Virginia | 1,415.00 | 4,281.00 |
| Notes of Banks out of the State | 160.00 | 70.00 |
| property account | 849.66 | 860.64 |
| Permanent expenses | 381.39 | 465.52 |
| due by other Banks | 3,459.74 | 6,310.46 |
| | $279,353.53 | $354,915.68 |
| capital stock | $150,000.00 | $160,000.00 |
| circulation | 86,465.00 | 139,030.00 |
| Deposits | 25,274.53 | 30,192.57 |
| due to other Banks | 1,067.12 | 8,471.39 |
| Surplus and contingent fund. | 8,075.29 | 9,171.83 |
| Premium account | 1,221.75 | 00.00 |
| Fronts of the institution | 7,279.84 | 8,049.2 |
| | $279,383.53 | $354,915.68 |
| Quarter ending 31st Dec., 1860 | Quarter ending 31st Dec., 1859. |
| Capital | $160,000.00 | $150,000.00 |
| Stocks used as capital | 150,000.00 | 150,000.00 |
| Bills discounted: | | |
| Payable at the Bank | 102,243.79 | 00 |
| Foreign bills payable out of State | 5,000.00 | 00 |
| Domestic bills payable in the State | 33,980.02 | 00 |
| Bad debts | 00 | 00 |
| Doubtful debts | 00 | 00 |
| Specie | 29,604.25 | 24,710.93 |
| Denomination of notes issued | 5's, 10's, 100's | 5's, 10's, 100's |
| Circulation | 139,030.00 | 86,465.00 |
| Notes of other Banks in the State | 4,281.00 | 1,445.00 |
| Notes of other Banks out of the State | 70.00 | 160.00 |
| Value of real estate | 00 | 00 |
| Dealings in Exchange: | | |
| Premiums paid more than received | 284.58 | 00 |
| Premiums realized | 00 | 169.21 |
| Contingent fund | 9,171.83 | 8,075.29 |
| Deposits | 30,192.57 | 25,274.53 |
| Loans to Directors | 8,800.00 | 1,625.00 |
| Dividends | 6,400.00 | 6,750.00 |
| Aggregate debt due by the bank | 177,693.96 | 112,805.53 |
| Aggregate of the outstanding debt due to the B'k. | 307,534.27 | 251,827.55 |
The undersigned, Directors of the Farmers' Bank of
Fincastle, have examined the annexed statement of the condition of the Bank, and certify the same to be correct.
Given under our hands this 5th day of Jan., '61.
W. A. Glasgow,
President.
J. T. Logan.
George W. Carper.
Samuel M. Carper.
John H. Price.
This day,
Wm. McCreery,
Cashier of the Farmers' Bank of
Fincastle, came before me, a Justice of the Peace for the county aforesaid, and made oath that the accompanying statement is correct and true to the best of his knowledge and belief.
Given under my hand this 5th day of Jan., '61.
Samuel M. Carper, J. P.
