| OCR Text |
Show REPORT Made to the Bank Commission of the State of Utah, of the Condition of the ST. GEORGE litlLDING SOCIETY Located at St. George, in the county of Washington, State of Utah, at the close of business on the 31st day of December, 1928. Amount of authorized capital capi-tal ,$400,000.00 Par value of each share 100.00 Number shares sold during year - 38 Number shares cancelled and withdrawn during year 119 Number of shares in force at end of year 2,637 Statement receipts and disbursements during preceding year, Jan. 1, 1928, to December 31, 1928: RECEIPTS Cash on hand at close of last fiscal year $ 545.20 Payments on install, stock 12,252.88 Repayment of Installment Stock Loans 3,531.50 Deposits, savings stock 5,000.00 Partial payments R. E. loans 9,750.00 Interest and Discounts 10,538.16 Membership or withdrawal fees 39.80 Miscellaneous Receipts, viz: Loan fees , 45.00 Sundry accounts 62.24 Pines 479.73 Borrowed money 7,350.00 Total Receipts $ 49,594,51 DISBURSEMENTS Loans on first mortgage securities se-curities $ 20,119.60 Loans on installment stock 7,810.00 Withdrawals of install, stock 2,915.82 Withdrawals, savings stock.. 3,000.00 Dividends paid during fiscal year 2,644.90 Expenses, inc. salaries 888.54 Interest paid 658.35 Trans, of Deposits and Exch. 73.50 Sundry accounts 61.24 Borrowed money repaid 9,550.00 Cash or. hand at close of fiscal year 1,852.56 Total Disbursements 49,594.51 Statement of assets and liabilities at close of year: ASSETS Cash on hand and in banks$ 1,852.56 Loans on real estate (first mortgage) 126,000.00 Loans on installment stock.. 10,903.50 Expenses paid 888.54 Total assets $139,644.60 LIABILITIES Installment Stock, all classes$ 73,351.27 Savings stock 45,200.00 Reserves for cont. losses 8,136.69 Borrowed money 10,800.00 Interest collected - 888.54 Uncompleted cont. inc. bldg. under construction 1,268.10 Total liabilities -.$139,644.60 Number of shareholders December De-cember 31, 1928 170 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 1928. W. O. BENTLEY Subscribed and sworn to before me this 21st day of February, 1929. ELLIS J. PICKETT, Notary Public, residing at St. George, Utah. My com. expires Jan. 13, 1932. (SEAL) State of Utah, Office of Bank Commissioner. Com-missioner. I Seth Pixton, Bank Commissioner Com-missioner of the State of Utah, do hereby certify that the foregoing is a full, true and correct copy of the statement of the above named company, com-pany, now on file in my office this 23rd day of February, 1929. SETH PIXTON, ; . Bank Commissioner. |
