Washtenaw's Banks

There are eleven banks doing business in Washtenaw county, aside from the private banking house of the Kernpf Bros., at Chelsea, viz: Four in Ann Arbor, two in Ypsilanti, two in Manchester, one each in Chelsea, Milan and Dexter. These banks appear to be in a prosperous condition, and as they are the pulse of the people, they must show to a considerable extent the financial condition of the people, as a whole, ín tliis county. These banks indícate by their deposita the surplus cash of the thrifty, and by their loans the demand there is for business ventures. In each of these particulars the banks of the county indícate a very healthy condition of affairs. Tlio following table gives the deposits and loans : Banks Deposits. Loans. A. A. SaViDgfl Bank-4 010,820 24 $ 419,152 85 ■' lst National 260.495 BI 811,817 02 " F & M- 326,408 114 264,227 36 " State Sav - 105,528 04 185.468 17 Ypsi. lst Nat 384 S82 88 290,860 69 Mancheste?,Síeopírsr B0.258 40 58,52) 35 UuionSav.. 25.78:5 1 24,320 00 Chelsea Savings 151.7351)9 108,974 41 Milan F. & U 70,484 50 51,737 02 Dexter Savings 111,251 5S 68,828 79 Total $2,487,448 00 81,733,879 66 Before publishing this article we were in hopes of securing the report of the Ypsilanti Savings Bank, but as their last report has not been published in any paper, and a persistent use of the telephone has failed to secure the desired report, we are obliged to give it to our readers without their figures, which would add some $300,000 to deposits, $250,000 to loans, $50,000 to capital stock, etc. Then these various banks have in the columns of "Stocks, bonds and mortgages," and "overdrafts," which are in fact all loans, the following amounts : Banks. Stocks, etc. Overdrafts. A. A. Savings HB8.818 65 $1,318 85 " lst Nat. 84.000 00 2,028 09 " F. 4 H 84,798 B6 l.-r;7 Ui " State Savings 55,204 34 914 '.)■' Ypsi. lst. Nat 90,674 90 816 81 " Savings Manchester People's- 22.5S3 10 579 53 " Union 13,761 84 22 17 Chelsea. Savings 54,448 37 Milan, F. & M 2.5,101 52 2.025 57 Dexter, Savings 34,2!-; (3 Total $913,625 11 $91303 43 Adding the three items, "stocks, bonds, mortgages," "loans" and "overdrafts," and there is a total loaned by these banks in the county of $2,656,808.20. It will perhaps be noticed that the Ann Arbor Savings bank has more stocks, bonds, mortgages, etc, than all the other banks combined. Another thing to be noticed is the fact that the Chelsea Savings bank and the Dexter Savings bank are the only ones out of the entire number that have no overdraft to report. One item not included in the overdraft of the Ann Arbor Savings bank is this one: " Due from Washtenaw county, $11,118.15." No remarks are necessary. A great riek county like Washtenaw, with such an overdraft ! Two other items of interest is the ''capital stock," and amount of "Undivided profits." In these two respects the banks stand as follows : Capital. Und. Proflts. A. A. Savings $ 50,000 $174,827 81 " lst National 100,000 65 210 32 " F. & AI 50,000 35,811 31 ' State Savings 50,000 7,893 85 Ypsi. lst National 75,000 69,567 45 " Havtngs - , Manchester, People's... 50 000 7,303 18 " Union Sav 24.320 324 75 Chelsea, Savings 6U.0U0 7,051 75 Milan.F. &M 25,000 8,144 76 Dexter, Savings 40,000 5,929 0-' Total Í524.320 $380,003 70 We have united the surplus and undivided profits for each bank. It will be noticed once'again that the Ann Arbor Savings bank has nearly as much as all the other banks combined in its surplus. It is on this furid that a bank makes most of its money usually The gold and silver coin reported on hand by the banks, is : Gold. Silver A. A. Savings $35,400 00 $2 000 0( " F. & M 6,680 00 ■.!! 5 " State Savings 2,260 00 1 s,i ix Ypsi. Savings Manchester, People s___ 1,620 00 ' Union Sav 1,180 00 286 ii. Chelsea, Savings 1.455 00 1,306 50 Milan, F. & M 4,585 00 245 7 Dexter, Savings 691) w 558 1 Total.. Í53.790 00 $9,277k The lst National bank, of Ann Arbor and the lst National bank, of Ypsilanti do not divide their coin, but report botl as specie, of which the Ann Arbor bank has $13,741.15 and the Ypsilanti, $2."), 861.00, making a total of specie held bj all banks of the county of $102,699.7,!. The TJniou Bavings bank of Manches ter has been organized but a short time and is the baby out of the lot. Th banks rank in point of age, as nearly a we are able to teil, in the followin order, commencing with the youugest Manchester Union Savincjs bank, Dex ter Savings, Ann Arbor State Savings Milan Farmers' & Merchants', Ann Ar bor Farmers' & Mechantes', Chelse Savjngs, Manchester People's, Ypsi lanti Savings, Ann Arbor Savings ïpsilanti lst National, Ann Arbor Is' National.