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Show ' REPORT OF CONDITION I Of the Milford State Bank of Milford, and Its Beaver City Branch of Beaver, In the Stale of Utah AT THE CLOSE OF BUSINESS ON MARCH 28. 1947 ASSETS 1. Cash, balances with other banks, including reserve balances, and cash items in process of collection $ 370,178.41 2. United States Government obligations, direct and guaranteed 769,170.79 3. Obligations of States and political subdivisions .... 20,000.00 6. Loans and discounts (including $1,121.97 overdrafts) 947,319.51 7. Bank premises owned $2,320.24, furniture and fixtures $1,300.22 3,620.46 11. Other assets 1.00 12. TOTAL ASSETS $2,110,290.17 LIABILITIES 13. Demand deposits of individuals, partnerships and corporations 1,160,258.44 14. Time deposits of individuals, partnerships and corporations 692,573.77 15. Deposits of United States Government (including postal savings) 11,774.91 16. Deposits of States and political subdivisions 90,240.00 18. Other deposits (certified and officers' checks, etc.) 31,205.31 19. TOTAL DEPOSITS $1,985,952.43 23. Other liabilities : 2,294.16 24. TOTAL LIABILITIES (not including subordinated obligations shown below) $1,988,346.59 CAPITAL ACCOUNTS 25. Capital 31,300.00 26. Surplus 45,000.00 27. Undivided profits 20,217.69 28. Reserves (and retirement account for preferred capital) : 25,425.89 29. TOTAL CAPITAL ACCOUNTS 121,943.58 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2,110,290.17 This bank's capital consists of: Capital notes and debentures of $ 6,300.00 Common stock with total par value of $25,000.00 MEMORANDA 31. Assets pledged- or assigned to secure liabilities and for other purposes 140,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is Cashier of the above named bank and that the above and foregoing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 28th day of March, 1947. J. ..C. SMITH. Subscribed and sworn to before me this 3rd day of April, 1947. (Seal) NORMA WHITE, Notary Public. Residing at Milford, Utah. My commission expires September Septem-ber 1, 1949. Correct Attest: Sam Cline. George Jefferson, and Harold Cline, Directors. State of Utah, Office of Bank Commissioner I, J. M. Knapp, Bank Commissioner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of the above named company, filed in my office on April 5, 1947. J. M. KNAPP, Bank Commissioner. |