University of South Carolina Libraries
The Newberry Sun, Newberry, S. C., Thursday, January 8, 1970—PAGE 3 Newberry Federal Savings & Loan Association NEWBERRY, SOUTH CAROLINA Statement of Condition AFTER THE CLOSE OF BUSINESS DECEMBER 31,1969 ASSETS Mortgage Loans $27,301,095.99 Loans on Savings Accounts 242,397.44 Real Estate Owned - 31,357.40 Properties Sold on Contract - 67,860.65 Cash on Hand and in Banks v 1,059,928.70 Investments and Securities - 1,292,600.00 Fixed Assets (less depreciation) 616,200.56 Deferred Charges and Other Assets 344,001.91 TOTAL ASSETS $30,955,442.65 LIABILITIES Savings Accounts $27,026,754.35 Advances from Federal Home Loan Bank 900,000.00 Loans in Process 315,654.24 Other Liabilities 37,219.05 Specific Reserves 5,680.94 General Reserves $2,286,479.86 Undivided Profits 383,654.21 2,670,134.07 TOTAL LIABILITIES AND NET WORTH 30,955,442.65 .. & AVJNGS AND LOAN ASSOCIATION , A V I N r. TITVJTlON O U N t) fc_ D DIRECTORS John F. Clarkson J. K. Willingham E. B. Purcell W. C. Huffman A. E. Morehead P. M. DeLoache, Saluda, S. C. Robert W. Owen, Batesburg, S. C. .i Vi