Witton Branch:

November 15th 1924 - September 6th 1927

 

March 31st 1925	4,079
March 31st 1926	14,023
November 30th 1926	17,747
March 31st 1927	22,351
September 3rd 1927	23,742
November 30th 1927	35,126
March 31st 1928	43,506

Following the opening of the branch's 100th account in December 1924, the following landmarks were reached:

 

 - 500th account opened in May 1925;

 

 - 1000th account opened in February 1926;

 

 - 1500th account opened in January 1927;

 

 - 2000th account opened on September 6th 1927

The opening of Account Number 2000 for the Infant, Walter James Bradshaw, on Tuesday, September 6th 1927, was one of the first accounts opened after Witton became a full-time Daily Branch on Saturday, September 3rd 1927. At that latter date, the branch had 1,492 Open Accounts with total balances of £23,742.

 

With deposit balances of £43,506 at March 31st 1928, and the Bank earning an Interest Margin of 1.19%, the branch's income of £517 would have covered the staffing cost, but would have been insufficient to cover property and other costs. The growth of the deposit balances over subsequent years without a significant increase in staffing levels would gradually make the opening of Witton as a permanent branch a feasible proposition. In the mid-1920s, the Bank considered that a branch was financially viable when it had attained deposit balances of £80,000 - Witton reached that figure in July 1930.