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Show ANNUAL REPORT To the Bank Commissioner of the State of Utah Report of Condition of AMERICAN SAVINGS & LOAN ASS N. Of Salt Lake City, County of Salt Lake, State of Utah Statement of Condition as at the close of Business Dec. 31, 1961 ASSETS Cash on hand and in banks $ 350,269.96 U. S. Government obligations 3,048,256.29 Other investment securities 14,813.04 Accrued interest receivable on investments 589.67 3,063,659.00 First mortgage direct reduction loans . ; 50,715,910.43 First mortgage share account sinking fund loans None First mortgage straight loans None F.H.A. Title I loans and home improvement loans 79,147.93 Advances for taxes, insurance, etc. (unless included above) None 50,795,058.36 Second mortgage loans and advances None Loans secured by shares or investment invest-ment certificates of this Association 647,066.81 Real estate sold on contract 350,717.77 Advances for taxes, insurance, etc. on real estate sold on contract . . . None 350,717.77 Accrued interest receivable loans and contracts None Real estate owned and real estate subject to redemption 135,720.40 Stock in Federal Home Loan Bank 788,900.00 Office building $753,531.11 t -r 1111 co nn 639,061.21 Furniture and fixtures. 376,912.24 Less Dep'r 129,819.11 247,093.13 Deferred charges 17,767.12 Other assets 59,467.77 TOTAL ASSETS $57,094,781.53 LIABILITIES Unpledged Withdrawable Shares: Branches Home Office Sub-Total A Installment shares 777.31 34,480.91 35,258.22 B Optional shares ...35,220,741.14 9,873,230.11 45,093,971.25 C Full paid shares . . . 1,261,300.00 538,500.00 1,799,800.00 D Matured shares . . . None , None None E Investment certificates None ' None None Total Savings & Investment Share Accounts 46,929,029.47 Reserves for maturities None Mortgage pledged shares None Advances from Federal Home Loan Bank 3,017,115.21 Other borrowed money None Mortgages payable on real estate owned 14,964.37 Dividends declared, unpaid and. uncredited 578.42 . Taxes accrued and unpaid on real estate owned None Accounts payable 13,400.85 Due borrowers on loans in process 2,035,972.47 Advance payments by borrowers for taxes and insurance 122,163.93 Unapplied mortgage or contract payments 62,447.20 Other liabilities 8,503.11 Permanent, reserve or guaranty stock 207,705.00 Deferred Credits to Future Operations: A For unearned profit on real estate sold 2,944.24 B For income collected in advance 34,943.92 C None 37,888.16 Specific Reserves: A For uncollected interest None B For junior liens None C Redemption U. S. Bonds 12,025.00 12,025.00 General Reserves: A Legal reserve None B Federal insurance reserve (if insured) 2,244,980.13 C For contingencies None D Real Estate Reserve 1,571,004.26 E None 3,815,984.39 Reserve for bonus on shares ....... None Undivided profits or surplus 817 003 95 Reserve for estimated dividend requirements None TOTAL LIABILITIES $57.094,781.53 Total Number of Mortgage Loan Accounts 4 609 STATE bUTAHaVinSS Investment Share Accounts. .36,460 COUNTY OF SALT LAKE ss. Guy Anderson, being first duly sworn according to law, deposes and says that he is the Secretary of the above named corporation and that the foregoing report contains a full, true and correct statement of the condition of the said corporation at the close of business on the 31st day of December, 1961 Dated this 31st day of January, 1962. ATT c . GUJ ANDERSON, Secretary x Subscribed and sworn to before me Thee Directors this 31st day of January, 1962 F. J. Bradshaw Marie P. Gio Vengo Howard C. Bradshaw Notary Public STATE OFUTAHSaW My Commission expires 4-11-62 OFFICE OF THE BANK COMMISSIONER I, Spencer C. Taylor, Bank Commissioner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of condition of the above named corporation filed in my office on February 1. 1962. (2-16 2-23) SPENCER C. TAYLOR, Bank Commissioner |