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Show I ANNUAL REPORT To the Bank Commissioner of the State of Utah. Made by the , CEDAR CITY HOME BUILDING SOCIETY of Cedar City, County of Iron, State of Utah. Statement of condition as at the close of bus- t lness, December 31, 1953. s ASSETS Cash on hand and in banks .-- $ 1,946.83 U. S, Government obligations $ 1,000.00 Accrued Interest receivable on investments 1,000.00 First mortgage share account sinking fund loans 395,460.00 Advances for taxes, insurance, etc, (unless included above) 114.63 395,574.63 TOTAL ASSETS - - - 398,521.46 LIABILITIES Unpledged Withdrawable Shares: A Installment shares $158,370.43 C Full paid shares - 98,100.00 Total savings and investment accounts .... 256,470.43 Mortgaged pledged share 95,139.95 Due borrowers on loans in process 2,500.00 A Legal reserve 8,105.56 B Federal insurance reserve (if insured) 22,414.91 General Reserves: D Real estate reserves 30,520.47 Undivided profits 13,890.61 TOTAL LIABILITIES 398,521.46 STATE OF UTAH, COUNTY OF IRON, ss. ARTHUR GARDNER, being first duly sworn according to law, deposes and says that he is the Secretary of the above named corporation cor-poration and that the foregoing report contains a full, true and correct statement of the condition of the said corporation at the close of business on the 31st day of December, 1953. Dated this 22nd day of January, 1954. ARTHUR GARDNER, Secretary. Subscribed and sworn to before me this 22nd day of January, 1954. FRANCIS W. BETENSON, Notary Public. My Commission expires 41557 ATTEST, Three Directors: Ianthus Wright, Clinton Milne, Chas. B. Cooley. STATE OF UTAH, Office of the 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 condition of the above named corporation as at the close of business on December 31, 1953, now on file in my office. LOUIS S. LEATHAM, Bank Commissioner. (Jan. 28, Feb. 4, 1954) |