Statement of Condition — January 1, 1955

ASSETS

Cash on Hand and in Banks................................................  $    9,763,925.12

United States Government Bonds....................................      83,581,823.03

Other Bonds ..........................................................................................      13,149,837.21

Corporate Stocks ..............................................................................        1,859,956.42

Veterans' Mortgage Loans......................................................      72,155.017.23

F.H.A. Insured Mortgage Loans.......................................    144,963,446.54

Other First Mortgage Loans...................................................      87,202.238.96

Investment in Savings Banks Trust Company

and Institutional Securities Corporation............        1,419,600.00

Banking Houses .................................................................................        2,693,464.11

Accrued Interest.................................................................................        1,713,345.13

Other Assets ..........................................................................................        4,065,06-4.39

$422,567,718.14

LIABILITIES

Due 204,043 Depositors............................................................ $379,586,989.45

Other Liabilities.................................................................................        4,106,351.01

Reserves ......................................................................................................        7,476,637.71

Surplus and Undivided Profits....................................      31,397,739.97

$422,567,718.14

Member Federal Deposit Insurance Corporation