|IhPWAMA     PARMEYMS MttUAL 1 4S. CO.                    1119
HERMAN FARMERS MUTUAL INSURANCE COMPANY
Herman, Wisconsin.
Home Office, IRON RIDGE, WIS., R. F. D.
[Incorporated March, 1856; commenced business March, 1857J]
President, DANIEL SCHULTZ.                              Secretary, H. F.
RINGLE.
Treasurer, CHARLES STEINBERG.
BALANCE SHEET.
Amount of ledger assets Dec. 31 of previous year ...................    
$ 71,844 36
Gross premiums ......................................      $28,867 98
Deduct gross amount paid for return premiums ......            580 79
Total premiums ............      ...................................  $28,287
19
Gross Interest on mortgage loans ....................................   
  3,350 25
Total Income .     ..................................................  $31,637
44
Total footings .       ..........................................  $103.481
80
DISBURSEMENTS.
Gross amount paid policyholders for losses ...........................  
$19,593 91
Expenses of adjustment and settlement of losses ....................    
    3 52 60
Commissions and brokerage .........5,522.....                           
  5,522 64
Salaries, fees and all other charges of officers, directorss, trustees
and home office employes .........................................      
2,002 10
Printing and stationery .............................................   
    280 1 5
Postage, telegrams, telephone and express ...........................   
     75 43
Legal expenses ...................6.... .  ............................ 
     40 (0
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses .............................................        
 82 03
State taxes on premiums .....................                           
    603 01
Insurance department licenses and fees .............................    
     56 00
Other disbursements:
For writing satisfactions and recording mortgages ...............       
    6 55
Total disbursements ..........       ...............................  $28,634
42
Balance ................................................     $74,847 38
LEDGER ASSETS.
Mortgage loans on real estate, first liens ..............  $ 69,440 00
Cash in company's office ........... ..-.-.-.......2.206 30
Agents' balances representing business written sub-
sequent to Oct. 1, 1912 ...................        -.      3,201 08
Total ledger assets ...........................................    $74,847
38
NON-LEDGER ASSETS.
Interest due, $486.73, and accrued, $1,911.00, on mortgages ........... 
  2,397 73
Other non-ledger assets:
Premium or deposit notes less assessments .......................      141,415
30
Gross assets ................................................     $218.660
41
54-Ins.-1