W. J. SWAN, PRESIDENT GEO. B. PENDLETON, Vice-PREST JOHN. S.WESKETT, CASHIER

Che Bank of Pamlico,

OF BAYBORO.N. C.

Suly 1g 209-1 4.

To Our Stockholders:

gt is our pleasure to enclose Dividend Cheek for
3% on the Stock held by you in the Bank of Pamlico for the first six
months of this year, ending June 30th.

It is also gratifying to report that your Senk
hes been prospergus, and since our last Annual Meeting many new dew
positors have fevored us with thoir business.

You will note from our enclosed Statementof June
Soth that our Directors have placed #1500.00 our of our 1911 earnings
to our Undivided Profit Account, making a total of $4000.00 Undivided
Profits./

The growth and record of our Bank hes been in

every way satisfectory and we attribute it largely to the co-operation

of our stockholders. The growth in deposits and general business of
this Institution assures growth in deposits and in the earning capacity
of your stock. Theat we may still increase our business, the O#ficers
end Directors earnestly beg of you to give the Bank your support in every
possible ways
, Respectfully,
We Je Swan, President,

Je Se Yeskett, Cashier.