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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, al the close cf business on December 31, 1959 ASSETS 1. Cash, balances with other banks, including reserve balances, and cash items in process of collection . . . .$ 592,391.73 2. United States Government obligations, direct and guaranteed 976,132.63 3. Obligations of States and political subdivisions 67,242.00 4. Other bonds, notes, and debentures 133,725.00 6. Loans and discounts (including $885.14 overdrafts) .. 1,799,335.50 7. Bank premises owned $52,011.36, furniture and fixtures $32,274.06 ' 84,285.42 5. Real estate owned other than bank premises 1.00 11. Other assets 1,152.91 12. TOTAL ASSETS 3,654,266.19 LIABILITIES 13. Demand deposits of individuals, partnerships, and corporations ' 1,388,976.66 14. Time deposits of individuals, partnerships and corooralions 1,392,006.32 15. Deposit, if United States Government (including postal sa.ings) 25,560.20 16. Deposits of States and political subdivisions 531,063.60 18. Other deposits (certified and officers' checks, etc.).. 28,297.82 19. TOTAL DEPOSITS $3,365,904.60 23. Other liabilities 10,836.40 24. TOTAL LIABILITIES 3,376,741.00 ' I ; - . CAPITAL ACCOUNTS 25. Capital 50,000.00 2b. Surplus 175,000.00 27. Undivided profits 35,220.19 28. Reserves (and retirement account for preferred capital) 17,305.00 29. TOTAL CAPITAL ACCOUNTS 277,525.19 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS. . $3,654,266.19 This bank's capital consists of: ' Common stock with total par value of $50,000.00. MEMORANDA . 31. Assets pledged or assigned to secure liabilities and for other purposes 50,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is cashier of the above named bank and that the foregoing forego-ing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 31st day( of Dec, 1959. J. C. SMITH Subscribed and sworn to before me this 7th day of January, 1960. fSeal) JOHN H. DAVIS, Notary Public. Residing at Milford, Utah. My commission expires Oct. 17, 1963. Correct, Attest: Sam Cline, Harold Cline and George Jefferson, Directors. State of Utah, Office of the Bank Commissioner. I, Seth H. Young, Bank Commissioner of the State of Utah, 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 January 12, I960. SETH H. YOUNG, Bank Commissioner. |