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Show Statement Of Condition Of Milford State Bank of Milford in the State of Utah at the close of business on June 30, 1979 ASSETS 1. Cash and due from banks $ 1,976,000.00 2. UJS. Treasury Securities 3,951,000.00 3. Obligations of other U.S. Government agencies and corporations 100,000.00 4. Obligations of States and political subdivisions . 1,041,000.00 5. Other bonds, notes, and debentures ... 51,000.00 8. Federal funds sold and securities purchased under agreements to resell in domestic offices 500,000.00 9. a. Loans, Total (excluding unearned income) $10,115,000.00 b. Less: Reserve for possible losses 88,000.00 c. Loans, net 10,027,000.00 11. Bank premises, furniture and other assets representing bank premises . . 228,000.00 16.TOTAL ASSETS $17,874,000.00 LIABILITIES 17. Demand deposits of individuals, partnerships, and corporations .... 4,165,000.00 18. Time and savings deposits of 1 individuals, partnerships, and corporations 10,344,000.00 19. Deposits of United States Government 39,000.00 20. Deposits of States and political subdivisions 1,596,000.00 22. Deposits of commercial banks 100,000.00 23. Certified and officers' checks 128,000.00 24. TOTAL DEPOSITS IN DOMESTIC OFFICES $16,372.00 a. Total demand deposits 4,641.00 b. Total time and savings deposits 11,731.00 TOTAL DEPOSITS IN DOMESTIC AND " " FOREIGN OFFICES 16,372,000.00 30. TOTAL LIABILITIES (excluding subordinated notes and debentures) . 16,373,000.00 EQUITY CAPITAL 33. Common stock (No. shares authorized 5,000) (No. shares outstanding 5,000 - par value) 100,000.00 34. Surplus 700,000.00 35. Undivided profits 701.000.00 37. TOTAL EQUITY CAPITAL 1,501,000.00 38. TOTAL LIABILITIES AND EQUITY CAPITAL $17,874,000.00 MEMORANDA 1. Average for 15 or 30 calendar days ending with call date: a. Cash and due from banks 1,933,000.00 b. Federal funds sold and securities purchased under agreements to resell. 500,000.00 c. Total loans 9,991,000.00 d. Time deposits of $100 or more in domestic offices 1,213,000.00 Memoranda items 100,000.00 e. Total deposits 16,302,000.00 3. Time deposits of $100,000 or more in domestic offices: a. Time certificates of deposit in denominations of $100,000 or more . . 1,213,000.00 b. Other time deposits in amounts of $100,000 or more 100,000.00 4. Number of operating branches as of call date . 2 I, J. H. Davis, Executive Vice President, of the above named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. J. H. Davis CORRECT - ATTEST: Sam Cline, S. G. Hickman, Robert H. Lee, Directors. STATE OF UTAH, County of Beaver ss: Sworn to and subscribed before me this 11th day of July, 1979. Harold L. Morris Notary Public STATE OF UTAH Department of Financial Institutions I, C. B. Quinn, Chief Examiner of Financial Institutions, Insti-tutions, do hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in this office on July 16, 1979. ' C . B. Quinn Chief Examiner |