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Show 1 REPORT OF CONDITION -Of the Milford State Bank of Milford and its Beaver City Branch of Beaver, in the State of Utah, at the Close of Business on April 30, 1970 ASSETS 1. Cash and due from banks (including $137,628.43 unposted debits) $ 641,161.07 - 2. U. S. Treasury Securities 1,202,544.75 - 4. Obligations of States and political subdivisions . . 202,683.06 5. Other securities (including no corporate stocks) . . 98 375.00 2 7. FederaJ funds sold and securities purchased under agreements to resell) 200,000.00 H 8. Other loans 4,177,147.35 E 9. Bank Premises, furniture and fixtures, and other assets representing bank premises 104,203.08 13. Other assets 7,435.36 14. TOTAL LIABILITIES $6,633,550.67 LIABILITIES 315. Demand deposits of individuals, partnerships, and corporations 1,971,745.12 16. Time and savings deposits of individuals, partnerships and corporations 3,230.897.74 "l7. Deposits of United States Government 21,367.55 18. Deposits of States and' political subdivisions . . . 699,586.76 21. Certified and officers' checks, etc 81,077.09 22. TOTAL-DEPOSITS $6,004,674.26 (a) Total demand deposits 2,310 237.72 ".: (b) Total time and savings deposits . . 3 694.416.54 : 27. Other liabilities .., 49,814.68 : 28. TOTAL LIABILITIES $6,054,488.94 . 28. TOTAL LIABILITIES $6,048,741.69 -- 29. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES None 5 RESERVES ON LOANS AND SECURITIES 30. Reserves for bad debt losses (set up pursuant to Internal Revenue Service rulings) . . None 31. Other reserves on loans None 32. Reserves on securities None 33. TOTAL RESERVES ON LOANS AND : SECURITIES None 1 GAPITAL ACCOUNTS 2 35. Equity capital, total (sum of items 36 to S 40 below) 579,061.73 EE37. Common stock total par value 100,000.00 5; (No shares authorized 5000) (No. shares outstanding 5000) 38. Surplus 235,000.00 ;39 Undivided profits 176,971.16 40. Reserves for contingencies and other 3 capital reserves 67,090.57 41. TOTAL CAPITAL ACCOUNTS (sum of items 34 and 35 above) 579,061.73 42. TOTAL LIABILITIES, RESERVES AND CAPITAL CAPI-TAL ACCOUNTS (sum of items 28, 29, 33, and 41 above) $6,633,550.67 MEMORANDA 1. Average of total deposits for the 15 calendar days ending with call date 6,006,996.92 2. Average of total loans for the 15 calendar days ending with call date 4.210,060.60 I, John 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. JOHN H. DAVIS. CORRECT ATTEST: J. C. Smith, S. G. Hickman and Robert II. Lee, Directors. STATE OF UTAH, County of Beaver, ss. Sworn and subscribed before me this 7th day of May, 1970. 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 May 14, 1970. C. B. QUINN. Chief Examiner of Financial Institutions |