OCR Text |
Show REPORT OF CONDITION Of the Milford State Bank of Milford In the State of Utah, at the close of business on Dec. 31 1972 ASSETS 1. Cash and due from banks (including $406,417.15 unposted debits) $1,193,811.93 2. U.S. Treasury securities 1,529,200.00 3. Obligations of other U.S. Government agencies and corporations 353,690.03 4. Obligations of States and political subdivisions .... 563,312.46 5. Other securities (including $ none corporate stocks) 98,375.00 6. Trading account securities none 7. Federal funds sold and securities purchased under agreements to resell 600,000.00 8. Other loans 5,007,487.71 9. Bank premises, furniture and fixtures, and other assets representing bank premises' 96,629.26 10. Real estate owned other than bank premises 1-00 13. Other assets 10,397.01 14. TOTAL ASSETS $9,452,904.40 LIABILITIES 15. Demand deposits of individuals, partnerships, and corporations $2,789,358.07 16. Time and savings deposits of individuals, partnerships, and corporations 4,867,266.08 17. Deposits of United States Government 27,735.94 18. Deposits of States and political subdivisions 894,483.49 21. Certified and officers' checks, etc 90,720.55 22. TOTAL DEPOSITS $8,669,564.13 (a) Total demand deposits $3,206,053.05 (b) Total time and savings deposits $5,463,511.08 27. Other liabilities 82,628.51 28. TOTAL LIABILITIES $8,752,192.64 29. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES none CAPITAL ACCOUNTS 35. Equity capital, total (sum of Items 36 to 40 below) 700,711.76 37. Common stock-total par value 100,000 00 (No. shares authorized 5,000) (No. shares outstanding 5,000) 38. Surplus 300,000.00 39. Undivided profits 218,172.42 40. Reserve for contingencies and other capital reserves 82,539.34 41. TOTAL CAPITAL ACCOUNTS (sum of Items 34 and 35 above) 700,711.76 42. TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS (sum of Items 28, 29, 33 & 41 above) $9,452,904.40 MEMORANDA 1. Average of tolai deposits for the 15 calendar days ending with call date 8,511,214.38 2. Average of total loans for the 15 calendar days ending with call date 4,950,429.85 I, J. H. Davis, Cashier, of the above-named bank, do solemnly sol-emnly swear that this report of condition is true and correct, to the best of my knowledge and belief. J. H. DAVIS CORRECT ATTEST: J. C. Smith, S. G. Hickman, and Robert H. Lee, Directors. STATE OF UTAH, County of Beaver, ss: Sworn to and subscribed before me this 9th day of January 1973. HAROLD L. MORRIS (SEAL,) Notary Public STATE OF UTAH Department of Financial Institutions I, C. B. Quinn, Chief Examiner of Financial Institutions, 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 16, 1973. 1 C. B. QUINN Chief Examiner of Financial Institutions Published in the Beaver County News, January 25, 1973, |