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, 1970. ASSETS 1. Cash and due from banks (including $194,126.63 unposted debits) $674,961.45 2. U.S. Treasury securities 1,209,062.75 4. Obligations of States and political subdivisions. . . . 280,494.85 5. Other securities (including $. none.. corporate stocks) 98,375.00 7. Federal funds sold and securities purchased under agreements to resell 600,000.00 8. Other loans 4,308,743.46 9. Bank premises, furniture and fixtures, and other assets representing bank premises 105,398.34 10. Real estate owned other than bank premises 1.00 13. Other assets 10,163.66 14. TOTAL ASSETS $7,287,200.51 LIABILITIES 15. Demand deposits of individuals, partnerships, and corporations $2,189,688.00 16. Time and savings deposits of individuals, partnerships, and corporations 3,557,388.10 17. Deposits of United States Government 44,457.46 18. Deposits of States and political subdivisions 793,135.87 21. Certified and officers' checks, etc 49,368.03 22. TOTAL DEPOSITS $6,634,037.46 (a) Total demand deposits 2,629,671.36 (b) Total time and savings deposits 4,004,366.10 27. Other liabilities 59,280.94 28. TOTAL LIABILITIES 6,693,318.40 29. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES None CAPITAL ACCOUNTS 35. Equity capital, total (sum of items 36 to 40 below) 5!)3,882.11 37. Common stock-total par value 100,000.00 (No. shares authorized 5000) (N. shares outstanding 5000) 38. Surrl s 250,000.00 39. Undivided profits 145,608.77 40. Reserve for contingencies and other capital reserves 98,273.34 41. TOTAL CAPITAL ACCOUNTS 593,882.11 (sum of items 34 and 35 above) 42. TOTAL LIABILITIES. RESERVES, AND CAPITAL ACCOUNTS $7,287,200.51 (sum of items 28, 29, 33, and 41 above) MEMORANDA 1. Average of total deposits for the 15 calendar days ending with call date 50,547,673.40 2. Averace of total loans for the 15 calendar days ending with call date 4,325,780.46 I. J. H. Davis. Cashier, of the above-named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. J. II. DAVIS CORRECT ATTEST: Sam Cline, S. G. Hickman and J. C. Smith. Directors. STATE OF UTAH. County of Beaver, ss: Sworn to and subscribed before me this 8lh day of January 1971. HAROLD L. MORRIS (SEAL) Notary Public STATE OF UTAH Department of Financial Institutions I. W. S. Brimhail, commissioner 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 14, 1971. W. S. BRIMHALL Commissioner of Financial Institutions |