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Show REPORT OF CONDITION Of the Milford State Bank of Milford, and Its Beaver City Branch of Beaver, In the State of Utah AT THE CLOSE OF BUSINESS ON DECEMBER 31, 1945 ASSETS 1. Loans and discounts (including $3,245.44 overdrafts) ..$ 623,594.08 2. United States Government obligations, direct and guaranteed 770,119.19 3. Obligations" of States and political subdivisions 10,000.00 fi. Cash, balances with other banks, including reserve balances and cash items in process of collection 749,191.79 7. Bank premises owned $3,320.24, furniture and fixtures W.603.67 4,923.91 11. Other assets 1031.50 12. TOTAL ASSETS $2,158,860.47 LIABILITIES .13. Demand deposits of individuals, partnerships, and corporations cor-porations . $1,122,013.45 14. Time deposits of individuals, partnerships, and cor porations 607,202.06 15. Deposits of United States Government (including postal savings) 115,190.63 111. Deposits of States and political subdivisions 175,446 49 18. Other deposits (certified and officers' checks, etc.) 33139 62 19. TOTAL DEPOSITS $2,052 992 25 S3. Other liabilities isiA6 M. TOTAL LIABILITIES (not including- subordi- nated obligations shown below) 2,053,476.71 CAPITAL ACCOUNTS 9Pital $ 31,300.00 ? SUJ?J v - 45,000.00 87. Undivided profits 8 1 84 08 3S. Reserves (and retirement account for preferred capi- 20,899.68 S9. TOTAL CAPITAL ACCOUNTS 105,383.76 JO. TOTAL LIABILITIES AND CAPITAL ACCOUNTS .... 2,158.860.47 This bank's capital consists of $6,300.00 of capital notes and debentures; de-bentures; and common stock with total par value of $25,000.00. ' MEMORANDA 31. Pledged assets (and securities loaned) (book value): -(a) U. S. Government obligations, direct and guaranteed, guaran-teed, pledged to secure deposits and other liabilities liabil-ities $ 140,000.00 (e) TOTAL. $ 140,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes nd says, that he is Cashier of the above named bank and that the above and foregoing report contains a full, true and correct statement state-ment of the condition of the said bank at the close of business on the 31st day of December, 1945. J. C. SMITH Subscribed and sworn to before me this 4th day of January, 1946. Norma White, Notary Public (Seal) Residing at Milford, Utah.- My commission expires September, 1949. , . ' Correct Attest: George Jefferson, Sam Cline and Harold Cline. Directors. Statt of Utah, Office of Bank Commissioner- I. J. M. KXAPP, Bank Commissioner of the State of Utah, do hereby certify that the fore.oingas a true and correct copy of the statement of the above named company, filed in my office on Amuary 7, 1946. 1 ' J. M. KXAPP, j Bank Commissioner |