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Show I i i Concentrating on basics has made our banks big enough to help, small enough Basics like leadership First Security has been the banking leader in mortgage loans, as well as agricultural industrial and commercial credit Actually making 60 000 of them totaling $1 6 billion, and another 72,248 loans totaling $434 4 million for everyday consumer needs to care Basics like confidence The confidence of our customers in our willingness and ability to provide the financial service they need Basics like strength It lets us make $10 4 million worth of loans every business day people First Security people Over 4000 And our people contribute themselves as bankers and citizens to make their communities a better place to live and their bank a better place to do business They earn their money and spend it in their own communities It's not by accident that First Security is the Intermountain Wests largest We re community bankers We sincerely appreciate the confidence shown in us by our customers and we pledge ourselves to meet your needs and aspirations with understanding, courteous and complete banking service of them Basics like safety Because our resources and our proven management do make First Security safe, over half a million individuals, businesses and governmental bodies have entrusted us with over 1 billion, 874 million dollars in deposits at year end 1976 And basics like people First Security is more than the primary source of money in Intermountain communities It's Basics like service Service in the form of loans to each of the 107 communities we are part of All kinds of loans Last year 145,000 of them totaling 2 billion 600 million dollars to help our customers help themselves and their areas grow messaqe from Georye S Eccles Chairman and ( hiet Executive Officer of the people at First Security A and all srnrnmk CONSOLIDATED RESOURCES ASSETS First Security Corporation December 31, 1976 (Unaudited) BALANCE SHEET Under Agreement to Resell Loans and Discounts (Net ot Valu 40,500,000 ation Reserve of $14 367 748 in 1976 and $11 955 316 in 1976 unearned income ot $25 076 132 in 1 517 094 581 1976 and $33 609 117 in 1975) 30 074 793 Direct Lease Financing Bank Premises Furniture and Fix 48 135 910 tures (Net Alter Depreciation) 3 060,000 Stock in Federal Reserve Bank Investment in 2 149 807 Subsidiary 21 203.954 Accrued Income Rece vabie Other Real Estate jNet ot Valuation Reserve ot S668 779 in 1976 and 7,264 701 $3 025 763 in 1975) 12 025,100 Other Assets TOTAL ASSETS $2 322 081.137 I C a. JS s 3 r e 3 4. 0 1966 1968 1970 TTT"' 1972 in 1 1974 v" y 1976 Tyj m -.- V j, t9Pyw i; ' LIABILITIES 1976 Cash and Due from Banks $ 245,391,384 United States Government Securities 221,216,358 Securities State and Municipal 92 407,263 Other Securities 69,585,664 11,971,622 Trading Account Securities Fed Funds Sold & Sec Purchased PV Deposits Demand Deposits T ime Deposits Total Deposits Fed Funds Purch S Sec Sold Under Agreements to Repurch Commercial Paper Accrued Income Taxes Accrued Interest etc Other Liabilities Notes Payable Within One Year 7 Notes Due October 1 1979 9 and 9 256 Notes Due 1982 86 Floating Rate Notes Due 1999 r 4 N First Security Corporation BANKS AND SUBSIDIARY COMPANIES V nip r . s I r 11 615615 6 378 742 30 046 166 25 000 000 10 000 000 29 916.000 2 159 796.582 845 897 TOTAL LIABILITIES Equity Capital Funds Preferred Slock $3 15 Cum Conv Series A Outstanding 1976 104 009 Shares Common Stockholders Equity Common Stock Par Value $1 25 Issued 1976 5 483 135 Shares Common Treasury Slock at Cost 36 817 Shares Surplus Total Common Slock-holde- ft Equity Total Stockholders Equity TOTAL LIABILITIES AND CAPITAL FUNDS , J jil nfrfrii 647,886.588 1,225,924,096 1,873,810,684 86 013,221 77,832 850 9 183 304 Minority w II S $ " 5,460 472 6 853 919 276 853 150,401,120 -- 1 155,978.186 161,438,658 $2 322.081,137 i' 2 |