Home / Scharf, J. Thomas, ed. History of Westchester County, New York, including Morrisania, Kings Bridge, and West Farms, which have been annexed to New York City, Vol. II. Philadelphia: L.E. Preston & Co., 1886. / Passage

History of Westchester County, New York, Vol. II

Scharf, J. Thomas, ed. History of Westchester County, New York, including Morrisania, Kings Bridge, and West Farms, which have been annexed to New York City, Vol. II. Philadelphia: L.E. Preston & Co., 1886. 277 words

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.