OCR Text |
Show HILL TOP TIMES Friday, April 11, 1986 15 DID YOU itWOUV? tile hove on entrance for the physically 4 challenged Please Colt 399-560- Lunch: Monday thru Friday I 1:30 to 2 00 Dinner: Mon.rThurs. Fri.. Sat. Sun. 3607 Washington Blvd., Ogden Hy f 1 Ji ' Uteris to I 7 399-580- 4 Dn I'll WE RGY RESO At H&R Block, we guarantee you the biggest refund you have coming, or your return is FREE. Don't settle for less come to H&R Block. URCESOFTHI SNATI0NAREAL0TU LAYTON KCTHEIETTERSONTHISCH CLEARFIELD NO. OGDEN SO. OGDEN (Weekdays 9 A.M.-- 9 MTTHRJUtraCTMUUIIUMBUMUll. i v.. TTTrrmZ. PLUvK flQ'K i THE ,NC0ME TAX 1 PE0PLE 394-263- 1 27 South Fort Lane 13 North Main P.M., 1065 Washington Boulevard 3595 Washington Boulevard Sat., 9 A.M. P.M., Appointments Available) feoff XXOMMTTMENT T0 NORTHERN UTAH WNCE its inception in 1875, Commercial Security Bank has recognized its financial responsibility to the people of Northern Utah. Even during the Great Depression, this Ogden-base- d bank remained open while other banks were forced to close their doors. The strength and stability that carried CSB through the depression was no accident It is a legacy left by banking pioneers who established strict standards of dependability, reliability and service. It is a banking tradition carried on by Richard K. Hemingway, longtime Ogden resident and current Chairman of the Board for Commercial Security Bank. THE SECURITY OF FDIC To prevent the catastrophes that befell many banks, the Federal government Depression-er- a instituted the Federal Deposit Insurance Corporation. This government agency assures bank customers that their deposits are safe and protected, up to the current $100,000 limit DEPOSITORS HAVE NOT LOST A SINGLE PENNY In recent months, bank customers in Weber County have experienced first hand the benefits of FDIC insurance and a strong Utah bank. For various reasons, two Weber County banks have foiled. The FDIC and CSB were able to step in and handle the problems and not a single depositor lost money. CSB SELECTED TO TAKE OVER FAILING BANKS Within the last six months, CSB protected Northern Utah depositors by acquiring some of the assets and assuming the deposit liabilities of the foiled banks. CSB expedited the changeover swiftly and efficiently so that the branches of both banks reopened for business trie next normal working day. Because of CSB's 1 history of strength and security it was qualified to bid in both of 10-ye- ar these difficult cases. COMMERCIAL SECURITY BANCORPO RATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CONDITION $790 MILLION STRONG As the Statement of Condition indicates, one of the reasons CSB could step in and purchase the foiling banks is its strong financial position. As of December 31, 1985, Commercial Security Bank had a total capital to adjusted total assets ratio of 7.4. This ratio is in excess of the 6.0 ratio established by the FDIC as the minimum acceptable level of total capital v for insured, state, nonmember banks. This strong capital position has enabled CSB to support both internal growth and growth through acquisitions. BANK WITH CONFIDENCE December 31, 1985 ASSETS Cash and Due from Banks Interest Bearing Deposits in other banks Federal Funds Sold, etc U.S. Treasury and Government Agency Securities State and Municipal Securities Other Securities Net Loans Premises and Equipment Accrued Income and Other Assets TOTAL $60,348,000 5,000,000 59,000,000 92,052,000 67,627,000 6,292,000 455,161 ,000 16,660,000 27,964,000 $790,104,000 LIABILITIES Deposits: Bearing Interest Bearing Total Deposits Federal Funds Purchased, etc Accrued Taxes and Other Expenses Other Liabilities Long-TerNotes Payable $150,255,000 519,599,000 669,854,000 51 . . . '1' ?1jWi?9 STOCKHOLDERS' EQUITY TOTAL asset base necessary in today's economic environment Because of this strength, stability, and commitment to Northern Utah, you can bank with confidence at Commercial Security Bank. 222 10,966,000 Total Liabilities' Stockholders' Equity. Our Directors and our Regional Board of Directors consist of Northern Utah's foremost business and industry leaders who give invaluable input to the operation of CSB. The knowledge and experience garnered over a century of financial service have given CSB the professional management skills and strong -- J&J $790 04,000 Commercial arc Dank Security MfcMetRFOC |