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Show 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 October 12, 1978. W. S. Brimhall Commissioner of Financial Institutions Published in the Beaver County News, Oct. 19, 1978. , I p PUBLIC NOTICES" I C I J" BECAUSE THE PEOPLE MUST KNOW j Statement of Condition Of Milford State Bank of Milford in the State of Utah at the close of business on September 30, 1978 , ASSETS 1. Cash and due from banks $ 2,310,000.00 2. U.S. Treasury Securities " 3,768,000.00 3. Obligations of other U.S. Government agencies and corporations 100,000.00 4. Obligations of States and political subdivisions 1,193,000.00 5. Other bonds, notes, and debentures ... 99,000.00 8. Federal funds sold and securities purchased under agreements to resell in domestic offices 1,200,000.00 9. a. Loans, Total (excluding unearned income) $8,706,000.00 b. Less: Reserve for for possible loan losses . 89,000.00 c. Loans, net . . 8,617,000.00 11. Bank premises, furniture and fixtures, and other assets representing bank premises 239,000.00 15. Other assets None. 16. TOTAL ASSETS $17,526,000.00 LIABILITIES 17. Demand deposits of individuals, partnerships, and corporations $ 4,824,000.00 18. Time and savings deposits of individuals, partnerships, and corporations 9,853,000.00 19. Deposits of United States Government . 43,000.00 20. Deposits of States and political subdivisions 1,269,000.00 22. Deposits of commercial banks 100,000.00 23. Certified and officers' checks 103,000.00 24. TOTAL DEPOSITS IN DOMESTIC OFFICES . . . $16,192,000.00 a. Total demand deposits 5,419,000.00 b. Total time and savings deposits 10,773,000.00 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES $16,192,000.00 29. Other liabilities None 30. TOTAL LIABILITIES (excluding subordinated notes and debentures) . . . 16,192,000.00 EQUITY CAPITAL 33. Common stock - total par value $ 100,000.00 (No. shares authorized, 5,000) (No. shares outstanding, 5,000) 34. Surplus 700,000.00 35. Undivided profits 534,000.00 37. TOTAL EQUITY CAPITAL (sum of items 32 thru 36) 1,334,000.00 38. TOTAL LIABILITIES AND EQUITY CAPITAL(sum of items 30,31, and 37) . $17,526,000.00 MEMORANDA. 1. Average for 15 or 30 calandar days ending with call date: a. Cash and due from banks $ 2,141,000.00 b. Federal funds sold and securities purchased under agreements to resell 1,200,000.00 c. Total loans 8,621,000.00 d. Time deposits of $100,000 or more domestic offices 750,000.00 e. Total deposits . $15,956,000.00 3. Time d.eposits of $100,000 or more in domestic offices: a. Time certificates of depoisit in denomination of $100,000 or more . . 750,000.00 b. Other time deposits in amounts of $100,000 or more 100,000.00 . 4. Number of operating branches as of call date (two) 2 I, J. H. Davis, Executive 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 CORRECT-ATTEST: Sam Cline, S. G. Hickman, Robert H. Lee, Directors. STATE OF UTAH, County of Beaver ss: Sworn to and subscribed before me this 6th day of October, 1978. Harold L. Morris Notary Public |