(Official Publication)
REPORT OF THE
FINANCIAL CONDITION
of the
Bank of Kodiak
LOCATED AT KODIAK
TERRITORY OF ALASKA,
AT THE CLOSE OF BUSINESS
ON THE 31st DAY OF
DECEMBER 1945
RESOURCES
Loans and discounts $160,332.89
Loans on real estate 106,138.45
Overdrafts
United States bonds
owned 1,230,458.61
Other bonds and
warrants owned 18,597.98
Banking house, furni
ture, and fixtures 48,248.08
Other real estate owned
Checks on other
banks and other
cash items 133.54
Exchanges for clearing
house
Cash on hand & due
from other banks 516,176.18
Other resources judgments,
claims, etc. 1,628.69
Expenses in excess
of earnings
TOTAL $2,076,699.84
LIABILITIES
Capital stock paid in $60,000.00
Surplus fund
Undivided profits less
expenses Daid
Reserves
Dividends declared
but unpaid
Due to other banks—
overdrafts
Individual and savings
deposits 1,870,200. ft
Demand and time
certificates of
deposit
Cashier’s and
certified checks 27,882.31
Notes and bills
rediscounted
Bills payable (includ
ing certificates of
deposit) for money
borrowed
60,000.00
22,629.67
26,986.47
TOTAL $2,076,699.34
United States of America)
Territory of Alaska ) ss.
3rd Judicial Division )
I, O. A. Torgerson, President
of the above named bank, do
solemnly swear that the fore
going statement is true to the
best of my knowdedge and
belief.
O. A. Torgerson,
President & Cashier
(CORRECT ATTEST)
Chas. Madsen
Ben Kraft
Directors
Subscribed and sworn to before
me this 2nd day of January, 1946
Catherine Blankenburg
Notary Public in and for the
Territory of Alaska. My eommis
«ob expires 8-31, 1946.
• TAILORING
• ALTERING
m SEWING
Edythe
Smith
ACROSS FROM
BERT’S
Transfer Is Approved
I
Pacific Northern \irlmes is
the new name of the former
Woodley Airways, operators of
the Alaska company that pro
vides commecial plane service
I
to Kodiak four tira^s weekly.
Arthur Oszman, manager of
the local agency, announced that
approval of the transfer of routes
and equipment to the newly
formed organization was made by
the CAB on Dec. 22
A. C. Woodley retains control
as president of the new 2-million
dollar corporation, and new cap
ital is represented by William E
Boeing, Richard Ludington and
Robert Rowan
Notice
None but members of the Vol
unteer Fire Department are to
drive the city fire trucks to fires,
as a measure of protection to the
equipmeat.
Jack Allman,
Fire Chief
War re si A.
TayJor
Health & Accident
Automobile
Fire £ Life
Offiee on Brooklyn
Formerly WOODLEY AIRWAYS
PIONEER AIRLINE of ALASKA
' PACIFIC NORTHERN AIRLINES
CONNECTING LINES .
PRO'POSEDP.N.A. ROUTE
ROUTE OF THE COAST-LINERS.WITH
NEW POSTWAR DC-3’s. Operating
under its newly approved name, Pacific
Northern Airlines brings a new high stand
ard of air transport to Alaska, America’s
great frontier of opportunity. Featured in
Pacific Northern's fast, dependable flee=t
are three hew DC-3 twenty-one passenger
Coast-Liners .. . the first new transports in
Alaska. Built for Pacific Northern by Doug
las, they feature luxurious comfort, and are
fully equipped with electronic safety devices.
Pacific Northern Airlines