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TEN YEARS OF GROWTH

FARMERS AND MERCHANTS NATIONAL BANK Cash and due from banks U. S. Government securities Securities of states and political subdivisions Other securities Federal funds sold Loans (Net) Bank premises and equipment Other assets Total Assets Demand deposits Time and savings deposits Total Deposits Other liabilities Total Liabilities Capital notes Capital stock Surplus Undivided Profits Total Equity Capital Total Liabilities and Capital December 31 1977 ASSETS $15,790,780 13,125,578 28,163,085 187,166 4,650,000 90,989,150 A 278,991 1,127,751 $157,312,501 December 31 1967 $ 6,726,883 6,622,674 4,158.482 136,957 NONE 27,888.031 1,437,523 37,626 $47,008,176 Per cent Increase 135.0 98.0 577.0 37.0 226.0 128.0 2,900.0 235.0 LIABILITIES AND CAPITAL ACCOUNTS $ 44.672,505 100,537,148 145.209.653 748.890 145.958,543 1,000,000 2.030.000 2.530.000 5,793,958 10,353,958 $157,312,501 $19,961,885 23,333,529 43,295,414 284,320 43,579,734 NONE 1,510,000 1,510,000 408,442 3.428.442 $47,008,176 124.0 331.0 235.0 164.0 235.0 202.0 235.0

FLINT HILL DIRECTORS:

L

John S. Browning Horbort Foster Louis P. Moor#

Jamos Dawson, III W. Arthur Millar Emory C. Russoll

Farmers and Merchants

National E3ank Memb., fdic BERRYVILLE • FLINT HILL • FRONT ROYAL. MIDDLETOWN • STEPHENS CITY • MAIN OFFICE WINCHESTER. VIRGINIA IN APPLE COUNTRY, WE’RE THE BG APPLE IN BANKING.

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