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Show REPORT OF CONDITION Of the Milford State Bank of Milford, and Its Beaver City Branch of Beaver, In the State of Utah At the Close of Business on October 4, 1950 ASSETS 1. Cash, balances with other banks, including reserve balances, and cash items in process of collection $ 500,363.27 2. United States Government obligations, direct and guaranteed 369,000.00 3. Obligations of States and Political Subdivisions 49,502.80 6. Loans and discounts (including 1,433.44 overdrafts) 1,263,794.62 7. Bank premises owned $820.24, furniture and fixtures $6,827.15 7,647.39 8. Real' estate owned other than bank premises .- 1.00 11. Other assets 29.94 12. TOTAL ASSETS '. $2,190,339.02 LIABILITIES 13. Demand deposits of individuals, partnerships and corporations 1,064,277.77 14. Time deposits of individuals, partnerships and corporations 706,371.83 15. Deposits of United States Government (including postal savings) 4,210.00 16. Deposits of States and political subdivisions 225,795.00 18. Other Deposits (certified and officers' checks, etc.) - 12,345.01 19. TOTAL DEPOSITS $2,012,999.61 23. Other liabilities 1,175.45 24. TOTAL LIABILITIES (not including subordi nated obligations shown below) $2,014,175.06 CAPITAL ACCOUNTS 25. Capital 50.000.00 26. Surplus 50,000.00 27. Undivided profits 63,264.53 28 Reserves (and retirement account for preferred capital- 12,899.43 29. TOTAL CAPITAL ACCOUNTS 176,163.96 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS , $2,190,339.02 This bank's capital consists of: Common stock with total par value of $50,000.00 MEMORANDA 31. Assets pledged or assigned to secure liabilities and for other purposes 50,000.00 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 4th day of October, 1950. J. C. SMITH. Subscribed and sworn to before me this 10th day of October, 1950. (Seal) JOHN H. DAVIS, Notary Public Residing at Milford, Utah. My commission expires June 18, 1951. Correct Attest: George Jefferson, Harold Cline and Sam Cline, Directors. State of Utah, Office of Bank Commissioner I, Roy W. Simmons, 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 October 13, 1950. ROY W. SIMMONS, Bank Commissioner. |