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Show REPORT OF CONDITION Of the Milford State Bank of Milford, and the Beaver City Branch of Beaver, In the ,State of Utah AT THE CLOSE OF BUSINESS ON OCTOBER 2, 1939 ASSETS 1. Loans and discounts (including $170.39 overdrafts) ..,...$293,040.55 2. United States Government obligations, direct and guaranteed' 31,113.19 3. Obligations of State and political subdivisions 14,000.00 6. Cash, balances with other banks, including reserve balance, and cash items in process of collection 159,707.44 7. Bank premises owned $5,797.24, furniture and fixtures $1,239.37 , 7,036.61 8. Real estate owned other than bank premises 6,285.48 9. Investments and other assets indirectly representing1 bank premises or other real estate 2,999.00 11. Other assets - - 868.40 12. TOTAL ASSETS v - - $514,550.67 LIABILITIES 13. Demand deposits of individuals, partnerships, and cor porations $237,699.31 14. Time deposits of individuals, partnerships, and corpora tions , - - 135,057.09 15. Deposits of United States Government (including postal savings) - - 4,342,. 46 16. Deposits of State and political subdivisions 50,918.73 18. Other deposits (certified and officers' checks, etc.) 7,768.00 19. TOTAL DEPOSITS . $435,785.59 23. Other liabilities - - 1,348.02 24. TOTAL LIABILITIES (not including subordinated Obligations shown below) $437,133.61 CAPITAL . ACCOUNT 25. Capital 40,000.00 26. Surplus - - 28,000.00 27. Undivided profits - - 8,417.06 28. Reserves (and retirement account for preferred capital) 3 .000.00 29. TOTAL CAPITAL ACCOUNTS 77,417.06 30. TOTAL LIABILITIES and' CATITAL ACCOUNTS $514,550.67 This bank's capital consists of $15,000.00 of capital notes and debentures; de-bentures; and common stock with total par value of $25,000.00. State of 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 that 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 Second cay of October, 1939. J. C. SMITH Subscribed and sworn to before me this 9th day of October, 1939. Lee Smithson, Notary Public (Seal) Residing at Milford, Utah. My commission will expire April 28. 1942. Correct attest: George Jefferson, Harold Cline and Sam Cline, Directors. State of Utah, Office of Bank Commissioner I, Rulon F. Starley, 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 October 13 1939 RULON F. STARLEY, Bank Commissioner |