ASSETS
 

LIABILITIES
 

Bonds and Mortgages   ....    $105,220,675.00
Bonds at Investment Value:

United    States    Government

Bonds........       12,990,099.86

Bonds of States, Counties and

Cities.........    19,441,556.40

Railroad Bonds, 1st Mortgage       41,204,322.78

Loans on Passbooks     ....             36,740.00

Banking House and Lot   .   .   .            400,000.00

Accrued Interest      .....         2,199,485.06

Cash on hand and in Banks and

Trust Companies      ....         3,969,377.08
 

Due 147,618 Depositors     .   .   .   $158,066,809.38
Surplus  for the  Protection  of

Depositors

At Investment Value     .    .   .       27,395,446.80
 

Surplus at Market Value, as fur¬
nished by the Banking Depart¬
ment of the State of New York,
$23,365,081.26
 

$185,462,256.18
 

$185,462,256.18
 

A mutual Savings Bank has no capital stock and no stockholders to whom dividends must be paid.
It is managed solely for the depositors. The earnings are paid out in interest to them, with the
exception of a reasonable amount set aside to surplus. This adds to the strength of the Bank and to be
strong is the Bank's first consideration.

A depositor in a Savings Bank is a part owner of the Bank.    His money is working for HIM.