| OCR Text |
Show REPORT OF CONDITION Of the Milford State Bank in the State of Utah, at the close of business on June 30, 1976. ASSETS 1. Cash and due from banks $ 1,355,000.00 2. U. S. TreasurySecurities 1,984,000.00 3. Obligations of other U.S. Government and corporations 100,000.00 4. Obligations of States and political subdivisions 1,148,000.00 5. Other bonds, notes, and debentures 1,224,000.00 8. Federal funds sold and securities purchased under agreements to resell in domestic offices 400,000.00 9. a. Loans, Total (excluding unearned income) $7,718,000.00 b. Less : Reserve for possible loan losses 2,000.00 c. Loans, net 7,716,000.00 11. Bank premises, furniture and fixtures, and other assets representing bank premises 105,000.00 15. Other assets 20,000.00 TOTAL ASSETS (Sum of items 1 thru 15). . . $14,052,000.00 LIABILITIES 17. Demand deposits of individuals, partnerships, and corporations $ 3,812,000.00 18. Time and savings deposits of individuals, partnerships, and corporations 7,794,000.00 19. Deposits of United States Government . . 27,000.00 20. Deposits of States and political subdivisions 1,180,000.00 22. Deposits of commercial banks 50,000.00 23. Certified and officers' checks 1 17,000.00 24. TOTAL DEPOSITS IN DOMESTIC OFFICES . . $12,980,000.00 (a) Total demand deposits . 4,282,000.00 (b) Total time and savings deposits 8,698,000.00 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES 12,980,000.00 29. Other liabilities . . None TOTAL LIABILITIES $12,980,000.00 EQUITY CAPITAL 33. Common stock-total par value $ 100,000.00 (No. shares authorized, 5,000) (No. shares outstanding, 5,000) 34. Surplus 500,000.00 35. Undivided profits 390,000.00 36. Reserve for contingencies and other capital reserves 82,000.00 37. TOTAL EQUITY CAPITAL (sum of items 32 thru 36) . $ 1,072,000.00 38. TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 30, 31, and 37) . $14,052,000.00 MEMORANDA 1. Average for 15 or 30 calendar days ending with call date $ 1,009,000.00 b. Federal funds sold and securities purchased under agreements to resell . 500,000.00 c. Total loans 7,697,000.00 d. Time deposits of $100,000 or more in domestic offices 1 . . 838,000.00 e. Total deposits $12,781,000.00 3. a. Time deposits of $100,000 or more in domestic offices $ 838,000.00 4. Number of operating branches as of call date 1 (One) I, J. H. Davis, Executive Vice President and 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. H. DAVIS CORRECT ATTEST: S. G. Hickman, Robert H. Lee, Sam Cline, Directors. STATE OF UTAH, County of Beaver ss: Sworn to and subscribed before me this 12th day of July, 1976. 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 July 15, 1976. C. B. QUINN, Chief Examiner of Financial Institutions Published in the Beaver County News, July 22, 1976. |
