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Show REPORT of condition of "BANK OF SOUTHERN UTAH" of Cedar City, Utah, at the close of business December 31, 1954, a State banking institution institu-tion organized and operating under the banking laws of this State and a member of the Federal Reserve System. Published in accordance accord-ance with a call made- by the State Banking Authorities and by the Federal Reserve Bank of this District. ASSETS Cash balances with other banks, including reserve balance, and cash items in process of collection .... $1,046,950.63 Unitod States Government obligations, direct and guaranteed 4 2,465,671.50 Obligations of States and political subdivisions 439,079.79 Other bonds, notes, and debentures 89,977.72 Corporate stocks (including $12,000.00 stock of Federal Reserve Bank 12,000.00 Loans and discounts (including $16,574.62 overdrafts) 2,482,286.67 Bank premises owned $2,000.00, furniture ' and fixtures $60,000.00 62,000.00 Real estate owned other than bank premises 3,857.49 Other assets 3,936.90 TOTAL ASSETS $6,605,760.70 LIABILITIES Demand deposits of individuals, partnerships, and corporations '. $2,589,377.20 Time deposits of individuals, partnerships and corporations $2,160,054.07 Deposits of United States Government (including postal savings) 100,987.00 Deposits of States and political subdivisions 1,311,747.00 Other deposits (certified and officers checks, etc.) 19,482.90 TOTAL DEPOSITS $6,181,648.17 TOTAL LIABILITIES (not including subordinated obligations shown below) $6,181,648.17 CAPITAL ACCOUNTS Capital $ 100,000.00 Surplus . 300,000.00 Undivided profits 24,112.53 TOTAL CAPITAL ACCOUNTS 424,112.53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS $6,605,760.70 Thls bank's capital stock consists of: Common stock with total par value of $100,000.00 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes $250,000.00 (a) Loans as shown above are after deduction of reserves of 88,089.03 I, Arthur Gardner, Cashier of the above-named bank, hereby certify that the above statement Is true to the best of my knowledge and belief. ARTHUR GARDNER CORRECT ATTEST: Stanley Bradshaw Fred B. Parkinson Elwood' J. Corry Directors. State of Utah, County of Iron, ss: Sworn to and subscribed before be-fore me this 7th day of January, 1955. FRANCIS BETENSON, Notary Public. 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 the above named company filed In my office on January Janu-ary 10, 1955. LOUIS S. LEATHAM, Bank Commissioner. (Jan. 13, 1955) |
