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Show STATE OF UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS 10 West 3rd South - Suite SSI Salt Lake City, Utah 84101 REPORT OF CONDITION OF BANK OF IRON . COUNTY of Parowan in the State of Utah at the close of business on March SI, 1980. ASSETS Dollar Amount in Thousands K. Cash and due from Banks, .... ....... 963 U.S. Treasury Securities 2,188 Obligations of States and political subdivisions , 318 Federal funds sold and securities purchased under agreements to resell in domestic offices . . . .' 1,450 . a. Loans, Total (excluding unearned income) 10,178 b. Less: Reserve for possible loan losses 72 c. Loans, net 10,106 , Bank premises, furniture and fixtures, and other assets representing ' bank premises 917 Real estate owned other than bank premises 35 Other assets 19 TOTAL ASSETS (Sum of items 1 thru 15) 15,996 LIABILITIES Demand deposits of individuals, partnerships, and corporations 3,479 Time and savings deposits of individuals, partnerships and corporations 8,465 Deposits of States and poltiical subdivisions 2,660 Certified and officers' checks 109 TOTAL DEPOSITS IN DOMESTIC OFFICES 14,713 a. Total demand deposit's 4,244 b. Total time and savings deposits 10,469 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES 14,713 Other liabilities 28 TOTAL LIABILITIES (excluding subordinated notes and debentures) 14,741 EQUITY CAPITAL Common stock a. No. shares authorized 9000 b. No. shares outstanding 9000 90 Surplus 1,010 Undivided profits 155 TOTAL EQUITY CAPITAL (sum of items S2 thru 36) 1.255 TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 50,31, and 37) 15,996 MEMORANDA Average for SO calendar days ending wit h call da te : Cash and due from banks (corresponds to item 1 above) 1,042 Federal funds sold and securities purchased under agreemtns to resell (cors. to item 8 above) 1,717 Total loans (corresponds to item 9a above) 10 Time deposits of $100,000 or more in domestic offices (corresponds to Memoranda items Sa plus Sb below) .'. 1,794 . Total deposits (corresponds to item 24 above) 149 Time deposits of $100,000 or more in domestic offices: Time certificates of deposit in denominations of $100,000 or more 1,794 Number of operating branches as of call date ........ 2 I, Frankie Lou Bentley, Assistant Vice President of the above named bank, do solemnly SWEAR AFFIRM thatthis report of condition is true and correct, to the best of my knowledge and belief. Correct Attest: Frankie Lou Bentley 0. K. Nielsen Rodger E. Allen -. Moroni W. Sanders, San-ders, Directors. State of Utah, County of Iron ss: Sworn to and subscribed before me this 14th day of April, 1980. Lawana Tullis. Notary Public ( Comm. exp. 8-13-81 STATE OF UTAH Department of Financial Institutions 1, Richard L. Burt, Chief Examiner of Financial Institutions, In-stitutions, 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 18, 1980. Richard L. Burt Chief Examiner of Financial Institutions Pub. May 1, 1980. |