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Show REPORT OF CONDITION Df the Milford State Bank in the State of Utah at the close of business on March 31, 1977. ASSETS 1. Cash and due from banks $ 2,071,000.00 2. UJ3. Treasury Securities . 2,283,000.00 3. Obligations of other VS. Government agencies and corporations 100,000.00 4. Obligations of States and political subdivisions 1,072,000.00 5. Other bonds, notes, and debentures .... 99,000.00 8. Federal funds sold and securities purchased under agreements to resell in domestic offices.... 900,000.00 9. a. Loans, Total (excluding unearned income) .... $7,953,000.00 b. Less: Reserve for possible loan losses . . 88,000.00 c. Loans, net 7,865,000.00 11. Bank premises, furniture and fixtures, and other assets representing bank premises 176,000.00 15. Other assets None 16. TOTAL ASSETS $14,566,000.00 LIABILITIES 17. Demand deposits of individuals, partnerships, and corporations $ 3,686,000.00 18. Time and savings deposits of individuals, i n.Hc : r : 8.323.000.00 19. Deposits of United States Government . . 12,000.00 J 20. Deposits of States and political ! subdivisions 1,295,000.00 22. Deposits of commercial banks 100,000.00 23. Certified and officers' checks 113,000.00 24. TOTAL DEPOSITS IN DOMESTIC OFFICES . . $13,529,000.00 a. Total demand deposits 4,289,000.00 b. Total time and savings deposits . . . 9,240,000.00 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES $13,529,000.00 30. TOTAL LIABILITIES (excluding subordinated notes and debentures . . . .) $13,529,000.00 EQUITY CAPITAL 33. Common stock -total par value $ 100,000.00 (No. shares authorized, 5,000) (No. shares outstanding, 5,000) 34. Surplus 600,000.00 3 5. Undivided profits 337,000.00 37. TOTAL EQUITY CAPITAL (sum -of items 32 thru 36) $ 1,037,000.00 38. TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 30, 31, and 37). $14,566,000.00 MEMORANDA 1. Average for 15 or 30 calendar days ending with call date: a. Cash and due from banks (corresponds to item 1 above) $ 1,777,000.00 b. Federal funds sold and securities purchased under agreements to resell (cors. to item 8 above) 800,000.00 c. Total loans (corresponds to Item i 9a above) 7,866,000.00 e. Total deposits (corresponds to item 24 above) 13,276,000.00 3. Time deposits of $100,000 or more in domestic offices: a. Time certificates of deposits in denominations of $100,000 or more . . 798,000.00 I, John H. Davis, Exec. Vice President & 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 C ORRECT -ATTEST: Sam Cline, S. G. Hickman, Robert H. Lee, Directors. STATE OF UTAH, County of Beaver ss: Sworn to and subscribed before me this 11th day of April, 1977. Ronald J. Wunderllch (SEAL) Notary Public STATE OF UTAH Department of Financial Institutions I W. S. Brimhall, 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 April 14, 1977. W. S. Brimhall Commissioner of Financial Institutions published In the Beaver County News, April 21, 1977. |