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Show REPORT OF CONDITION Of the Milford State Hunk of Milford, and Its Heaver City Branch of Beaver, In the Stiile of Utah at the close of business on June 30, 1955 ASSETS 1. Cash, balances with other banks, Including reserve balances, and cash items in proceed of collection $ 710,421.04 ( 2. United States Government obligations, direct and I guaranteed tiO 1,399. 13 3. Obligations of Stales and political subdivisions 47,997.21 h. Loans and discounts (including , I $199.47 overdrafts) 1,297,327.85 7. Bank premises owned $1)19.00, furniture and fixtures $7,459.55 I!, 078. 55 I 8. Keal estate owned other than bank premises .... 1.00 I 11. Other Assets , 1,274.84 j 12. TOTAL ASSETS $2,666,499.62 I LIABILITIES 13. Demand deposits of individuals, partnerships and corporations 1,194,591.33 14. Time deposits of individuals, partnerships and corporations 819,393.26 15. Deposits of United States Government (including postal savings) 25,681.64 15. Deposits of States and political subdivisions 369,502.00 18. Other Deposits (certified and officers' checks, etc.) 42.5G7.89 19. TOTAL DEPOSITS $2,451,736.12 23. Other liabilities - 477.97 24. TOTAL LIABILITIES (not including subordi nated obligations shown below) 2,452,214.09 CAPITAL ACCOUNTS - 25. Capital 50,000.00 26. Surplus 100.000.00 27. Undivided Profits 51,910.57 28. Reserves (and retirement account for preferred capital) 12,374.96 29. TOTAL CAPITAL ACCOUNTS 214,285.53 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $2,666,499.62 This bank's capital consists of: Common stock with total par value of $50,000.00 MEMORANDA 31. Assets pledged or assigned to secure liabilities and for other purposes 50,000.00 State ot Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is Cashier of the above named bank and thai the above and foregoing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 30th day of June, 1955. J. C. SMITH. Subscribed and sworn to before me this 8th day of July, 1955. (Seal) GLADYS SHINGLETON, Notary Public. Residing at Milford, Utah. My commission expires August 2, 1958. Correct, Attest: Sam Cline, Harold piine, and George Jefferson, Jef-ferson, Directors. State of Utah, Office of Bank Commissioner I, Louis S. Leatham, Bank Commissioner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of the above named company, filed in my office on Julv 12, 1955. LOUIS S. LEATHAM, Bank Commissioner. |