History of Westchester County, New York, Vol. II
Time certificates of deposit _ 91,766.58
Cashier's checks outstanding 1,255.00
Due to national and
state banks 2,735.91 219,192.17
Depositors guaranty
fund ". 1,576.69
Total $250,638.10
February 14, 1920:
Resources
Loans and discounts. . . $757,825.23
Overdrafts 6,067.36
Bonds, securities, judgments, claims, etc., including all government bonds 1,700.00
Banking house, furniture and fixtures. . . . 7.500.00
Other real estate 2,500.00
Current expenses, taxes
and interest paid. . . . 13,379.57
Due from national and
state banks $ 40.934.07
Checks and items of exchange 12,468.36
Currency 15,841.00
Gold coin 622.50
Silver, nickels and cents 4.283.89
Liberty loan bonds held
as cash reserve 13,735.09 87,884.91
Total $876,857.07
Liabilities Capital stock paid in. . . $ 25.000.00
Surplus fund 25.000.00
Undivided profits 21,390.93
Individual deposits subject to check $455,023.93
Demand certificates of
deposit 30,567.08
Time certificates of deposit 297,571.42
Cashier's checks outstanding 6,614.82
Due to national and state banks 8,517.69 798,294.94
Depositors guaranty
fund '. 7,171.20
Total $876,857.07
In 1910 the Valley State was officiated by Homer K. Burkett of Lincoln, as president, C.
A. Morrill, vice president, who was later succeeded in that office by M. W. Folsom of Lincoln, J. L. Johnson, cashier and John G. Burkett. assistant cashier.
This bank, at that time, had a paid up capital of $20,000.00, surplus $2,300.00. deposits $81,650.00. and loans and taxes $84,780.00.
This institution in 1910 was succeeded by The First National Bank of Bridgeport. The officers, in 1914, were: Directors. H. K. Burkett, M. W. Folsom, G. H. Watkins. J. L. Miller, J. L. Johnson, W. C. Dugger ; President, H. K. Burkett ; Vice-president, M. W. Folsom ; Cashier, G. H. Watkins ; Assistant Cashier. T. B. Estill.