Name/Title
Condition of the Bank--Sample PagesEntry/Object ID
2014.018.0069Description
10"h x 8 1/2"w
This form was filled in every day the bank did business, creating a very fat ledger. The sheet for the first day of each month was retained, plus a few others. The pages were fastened in the ledger at the top edge. The fasteners had rusted shut, so the retained pages had to be cut from the book. The top of each page said, "County Trust Company at Leonardtown in the State of Maryland." To free the pages, the top of the page says, "at Leonardtown in the State of Maryland." Under that is an italic line that said "at the close of business _________19__." The date was stamped on the empty line in purple. The column on the left, "Resources", used about one third of the width of the page. The column on the right, "Liabilities," used about two-thirds of the page. The many entries were made in the same black font throughout the examples, although there are a few handwritten entries here and there.
The verso of each page was blank.
“Resources” contained the following categories: Banking House, Furniture and Fixtures, Loans and Discounts, Mortgages, Judgments, F.H.A. Loans, County paper, Other Real Estate, Cash Due From Reserve Agents [Balto. Natl. Bank], Bond Redemption, Due From Other Banks, Due From Member Banks, Int. Paid on Deposits, State, Co., & City Taxes on Real Est., Expenses, Salaries, Per Diem Directors, Per Diem Spec. Com., Depreciation Charged Off on Bank Building and Furniture, Contingent Reserve, Losses Charged Off, Taxes and Insurance, County Corporation, Other Resources, Premium Paid on Insurance, Social Security Tax Reserve, Repairs Rose Cottage [handwritten] The entries after Due From Member Banks varied according to need. At the bottom of the column was a Total with an asterisk after it. Beginning in October 1947, Due From Other Banks is overwritten by hand with “Terminal Lease Bonds.” That entry gradually declined; its last appearance was May 1, 1948.
“Liabilities” contained the following categories: Deposits Subject to Check, Savings Deposits, Christmas Savings 19__, Christmas Savings 19__, Christmas Savings 19__, Certificates of Deposits—Special, Withheld Taxes, Certified Checks, Cashier’s Checks, Due to Member Banks, Reserved for Interest, Reserved for Losses and Contingencies, Reserved for Depreciation, Discounts, Interest on Mortgages, Interest Received Member Banks, Service Charges, Rentals, Int. on State, Co. or City Obligations, Losses Recovered, Other Income, Other Liabilities, Social Security Tax, Withholding Tax, Series E Bond Account. At the bottom of the column was a Total with an asterisk after it. Entries in this column were more scattered. Beginning in September 1947, State of MD. Sales Tax and Safe Deposit Box Tax were added to this column.
In 1947, the bank’s net income before deducting dividends was $18,099.87.
********************************************************
Text on verso: NoneCollection
County Trust Company CollectionPublication Details
Date Published
1947 - 1948