OCR Text |
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 SEPT. 5, 1952 ASSETS 1. Cash, balances with other banks, including reserve balances, and cash items in process of collection $ 543,886.19 2. United States Government obligations, direct and guaranteed 463,870.92 3. Obligations of States and Political Subdivisions 16,705.00 6. Loans and discounts (including $1,201.17 overdrafts) 1,352,082.33 7. Bank premises owned $1.00, furniture and fixtures $11,480.70 11,481.70 "8. Real estate owned oiher than bank premises 1.00 12. TOTAL ASSETS '. $2,388,027.14 LIABILITIES 13. Demand deposits of individuals, partnerships and corporations 1,145,822.50 14. Time deposits of individuals, partnerships , and corporations 741,110.85 15. Deposits of United States Government (including postal savings) . 12,819.91 16. Deposits of States and Political Subdivisions 237,524.00 18. Other Deposits (certified and officers' checks, etc.) 16,146.11 19. TOTAL DEPOSITS $2,153,423.37 23. ' Other Liabilities 30,622.83 24. TOTAL LIABILITIES (not including subordi nated obligations shown below) $2,184,046.20 CAPITAL ACCOUNTS 25. Capital 50,000.00 26. Surplus 50,000.00 27. Undivided Profits " 91,029.86 28. Reserves (and retirement account for preferred capital) 12,951.08 29. TOTAL CAPITAL ACCOUNTS 203,980.94 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $2,388,027.14 This bank's capital consists of: Common stock with total par value of $50,000.00 MEMORANDA 31. Assets pledged or assigned to secure j liabilities and for other purposes 50,000.00 I State of Utah, County of Beaver: I 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 5th day of September, 1952. J. C. SMITH. Subscribed and sworn to before me this 15th day of September Septem-ber 1952 (Seal) ' ROZETTA, KOCH, Notary Public. Residing at Milford, Utah. My commission expires June 28, 1955. Correct, Attest: Harold Cline, George Jefferson and A. R. Hamilton, directors. State of Utah, Office of Bank Commissioner I, Louis S. Leatham, 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 Sept. 17, 1952. LOUIS S. LEATHAM, Bank Commissioner. |