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Bright New World .Which We ail ® ream of Carolina Building & Loan Ass’n. Is Ready To Help Initiate Your Home Ownership Dreams ... Financing Headquarters For Thousands Who Appreciate Friendly* Courteous Service 35* Annual Statement Assets-Liabilities for Period Ending Dec. .31st 1946 ASSET S The Association Owns: Cash in Banks and on Hand. $ 235.298.16 $ 196,739.98 Stock—Federal Home Loan Bank... 18,000.00 18,000.00 Bonds—U. S. Treasury and War Bonds. 1,994,844-00 2,194,844.00 Interest Receivable on Investments 7,525.19 8,816.76 First Mortgages. 2,092,827.87 1,506,275.28 Loans on improved real estate. Collateral Notes. 11,441.00 8,850.05 Loans on shares of the Association, not exceed ing 90 per cent of amount paid in. Advances . 30.92 93.10 For taxes and insurance in protection of bor rowers and recoverable under terms of mort gages. Furniture and Fixtures—Net. 1.00 1.00 Other Assets. 162.07 342.42 Accrued interest on loans .. TOTAL .:. $4,360,130.21 $3,933,962-59 AN ASSET WE INCLUDE—THE GOOD WILL OF THE PUBLIC. LIABILITIES The Association Holds in Trust for: Its Shareholders. $4,016,785.48 $3,636,867.35 Under the financial plan of the Association, in terest and principal repayments mature and are collected weekly or monthly. Independent, therefore, of growth, and surplus, the Associar tion always has a steady income to meet the demands of withdrawal many times over. Bills Payable and Advances Federal Home Loan Bank. NONE NONE Amouts due banks and others with definite due dates. Accounts Payable. 258.17 230.34 Loans in Process. 29,969.22 13,844.55 Other Liabilities. 75.42 268-09 Interest paid in advance. ““““ $4,047,088.29 $3,651,210.33 Surplus .. - $ 91,161.45 $ 80,871.79 Profits earned and to the credit of the share holders payable at maturity of series or divi dend period. ' \ Reserve: For Contingencies. 221,880.47 201,880.47 TOTAL . $4,360,130.21 $3,933,962-59 «* THIS IS TO CERTIFY THAT: I have examined the books and records of the CAROLINA BUILDING AND LOAN ASSOCIATION of Wilmington, North Carolina and prepared therefrom the within Balance Sheet as of December 31, 1946. Proper verification was made of all Assets and Liabilities as shown by the books and records with the exception of ex amining the collateral supporting the first mortgage loans, said collateral having been examined by the auditors of the State Insurance Department during' the year end ed December 31, 1946. In my opinion, based upon such examination, the within Balance Sheet correctly presents the financial condition of the Association as of December 31, 1946. W. C. NICHOLS, January 18, 1947. . , C. P. A. (N. C.) Some of CAROLINAS Activities In 1946 Made Loans Totaling.........$1,583,985.03 Paid to Shareholders in Dividends and Profits .. 97,372.90 Total Assets Increased .. 426,167.62 Total Shares Increased.... 10,931% j OFFICERS ROGER MOORE_President MURRAY G. JAMES - Vice-President W. A. FONVIELLE_Sec.-Treas. W. D. JONES_Asst. Sec.-Treas. J. O. CARR _ Attorney DIRECTORS D. B. BRANCH Retired J. 0. CARR Attorney W. A. FONVIELLE Real Estate Sec.-Treas. Carolina B. A L. Assn. JNO. R. HANBY Wholesale Confectioner H. JAFFE Furniture MURRAY G. JAMES Attorney W. D. JONES Real Estate . Asst. Sec.-Treas. Carolina B. & L. Assn. FRED E. LITTLE Commercial Printing: LLOYD W. MOORE, JR. Real Estate ROGER MOORE Real Estate J. F. POST * Retired \ SOL. STERNBERGER Retired HOWARD A. HANBY Wholesale Confectioner B. B. CAMERON, JR. MacMillan and Cameron J. D. CARR Attorney J. E. STERNBERGER Real Estate Four THE a MILLION DOLLAR * Carolina Building & Loan Ass’n. 201 Princess Street Wilmington, N. C.