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Show ANNUAL REPORT , TOTK BANK COMMISSIONER Or ITIE STATE of rrriUS Report of Condition of Cedar City Savings & Loan Association of ' 1 Cedar City, County of Iron, State of Utah. . Statement of Condition as at the close of Business Dec 31, 1961 ASSETS Cash on hand and in banks $ 8,484.96 First mortgage direct reduction loans $459,948.59 First mortgage share account sinking fund loans 39,600.00 Advances for taxes, insurance, etc. (unless included above) 499,548.59 Furniture and fixtures $1,971.31, less dep'r $197.13 1,774.18 Other assets, Accounts receivable 5,813.51 TOTAL ASSETS $515,621.24 LIABILITIES Unpledged Withdrawable Shares i Home Office A Installment shares $300,044.96 B Optional shares 14,000.00 C Full paid shares 80,200.00 Total Savings & Investment Share Accoints $394,244.96 Mortgage pledged shares 15,892.00 Other borrowed money 50000.00 Advance payments by borrowers for taxes and insurance '398.08 Other liabilities, Payroll taxes 105.78 General Reserves: A Legal reserve 18,000.00 C For contingencies ' 47,776.58 55,776.58 TOTAL LIABILITIES $515,621.24 Total number of mortgage loan accounts 78 Total number of savings and Investment share accounts 120 STATE OF UTAH, COUNTY OF IRON, ss. Charles T. Cooley, being first duly sworn according to law, deposes de-poses and says that he Is the Secretary of the above named corporation corpor-ation 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, 1961. Dated this 31st day of January, 1962. CHARLES T. COOLEY, Secretary ATTEST: William L. Jones, Frank J. Petty, Lanell N. Lunt. Subscribed and sworn to before me this 31st dav of January. 19fi2- MAESER DALLEY, Notary Public Residing at Cedar City, Utah My Commission expires May 8, 1964 STATE OF UTAH. OFFICE OF THE BANK COMMISSIONER, I. Spencer C Taylor, Bank Commissioner of the Stftte of Uth. do hereby certify that the foregoing Is a true and correct copy of ' the statement of condition of the above named corporation filed in my office on February 1, 1961 SPENCER C TAYIOR. Bank Commissioner. (February 8,15,1902) |