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Show REPORT made to the Bank Commission of the State of Utah, of the condition of THE ST. GEORGE BUILDING SOCIETY Located at St. George, in the county of Washington, State of Utah, at the close of business on the 31st day of December, 1927. The amount of authorized $400,000.00 capital and the par value of each share $ 100.00 The number of shares sold during the year 432 Vi The number of shares cancelled can-celled and withdrawn during the year 350 Number of shares in force at the end of year 2,372 Statement of receipts and disbursements disburse-ments during the preceding year: January 1, 1927 to December 31, 1927: RECEIPTS Cash on hand at close of last fiscal year $ 980.99 Payments on installment stock 11,853.82 Repayment of installment stock loans 5.125.00 Partial payments, R. E. Loans 16.378.00 Interest and discounts 9,400.39 Membership oi withdrawal fees 48.85 Sundry accounts, fines 381.62 Borrowed money 11,300.00 Loan fees 78.00 Total receipts $68,596.67 DISBURSEMENTS Loans on first mortgage securities se-curities $27,083.62 Loans on installment stock.... 5,725.00 Withdrawals of installment stock 17,460.00 Withdrawals, savings stock 5,700.00 Dividends paid during fiscal year 2,211.33 Expenses, Inc., salaries 1.046.34 Interest paid 649.68 Borrowed money repaid 8,175.00 Cash on hand at close of fiscal year " 545.20 Total disbursements $68,596.67 ASSETS Cash on hand and in banks.. ..$ 545.20 Loans on real estate (1st mortgage) 115.050.00 Loans on installment stock.. 6,625.00 Expenses paid 1,046.34 Total assets $123,266.54 LIABILITIES Installment stock, all. classes $ 59,540.80 Savings stock 43,200.00 Reserves for contingent losses 5,791.70 Borrowed money 13,000.00 Interest collected 1,046.34 Uncompleted C o n t. Inc. Bldg. under construction.... 687.70 Total liabilities $123,266.54 -Number of shareholders Dec. 31, 1927 161 W. O. Bentley, being first duly sworn according to law deposes and says, that he is secretary of the above named company; that the statements made in the foregoing report are true and correct and that said statement contains a full and correct exhibit of the condition of said company's business busi-ness at the close of the year 1927. W. O. BENTLEY. Subscribed and sworn to before me this 25th day of February, 1928. WILFORD Mc ARTHUR, (SEAL) Notary Public. My commission expires Dec. 23, 1930. State of Utah, Office of Bank Commissioner: Com-missioner: I, Seth Pixton, Bank Commissioner-of Commissioner-of the State of Utah, do hereby certify cer-tify that the foregoing is a full, true and correct copy of the statement of the above named company, now on file in my office this second day of March. 1928. SETH PIXTON, Bank Commissioner. |