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Show REPORT OF CONDITION Of the Milford State Bank of Milford in the State of Utah, at the close of business on December 31, 1974. ASSETS 1. Cash and due from banks (including $250,789.15 imposted debits $ 942,654.06 2. U. S. Treasury securities 1,130,648.39 3. Obligations of other U. S. Government agencies and corporations 100,000.00 4. Obligations of States and political subdivisions 1,200,205.68 5. Other securities' (including $ none corporate stocks) 723,375.00 6. Trading account securities ....... None 7. Federal funds sold and securities purchased under agreements to sell . . 1,600,000.00 8. Other loans 6,111,446.86 9. Bank premises, furniture and fixtures, and other assets representing bank premises 93,765.64 10. Real estate owned other than bank premises 1.00 13. Other assets 11,652.70 14. TOTAL ASSETS $11,913,740.33 LIABILITIES 15. Demand deposits of Individuals, partnerships, and corporations .... $ 2,781,537.55 16. Time and savings deposits of individuals, partnerships, and corporations . . , 6,377,451.69 17. Deposits of United States Government . 60,042.57 18. Deposits of States and political subdivisions 1,544,980.31 21. Certified and officers' checks, etc. . . 133,601.52 22. TOTAL DEPOSITS .... $10,897,613.64 (a) Total demand deposits 3,628,778.87 (b) Total time and savings deposits ... $ 7,268,834.77 27. Other liabilities 106,136.35 28. TOTAL LIABILITIES '.. . $11,003,749.99 29. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES .... None CAPITAL ACCOUNTS 35. Equity capital, total (sum of Items. 36 to 40 below) $ 909,990.34 37. Common stock -total par value 100,000.00 (No. shares authorized, 5000) (No. shares outstanding, 5000) 38. Surplus . 400,000.00 39. Undivided profits 323,494.47 40. Reserve for contingencies and other capital reserves 86,495.87 41. TOTAL CAPITAL ACCOUNTS (sum of Items 34 and 35 above 909,990.34 42. TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS (sum of Items 28, 29, 33 & 41 above) .... $11,913,740.33 MEMORANDA 1. Average of total deposits for the 15 calendar days ending with call date . . $10,783,489.33 2. Average of total loans for the 15 calendar days ending with call date . . . 7,697,492.96 I, J. H. Davis, 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. H. Davis CORRECT-ATTEST: J. C. Smith, S. G. Hickman, Robert H. Lee, Directors. STATE OF UTAH, County of Beaver ss: Sworn to and subscribed before me this 7th day of January, 1975. RONALD J. WUNDERLICH (SEAL) Notary Public STATE OF UTAH Department of Financial Institutions I, W. S. Brlmhall, Commissioner of Financial Institutions, Institu-tions, 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 10, 1975. W. S. Brlmhall Commissioner of Financial Institutions Published in the Beaver County News, January 16, 1975. |