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Show ANNUAL REPORT TO THE BANK COMMISSIONER OP THE STATE OF UTAH Report of Condition of CEDAR CITY SAVINGS AND LOAN ASSOCIATION ASSO-CIATION OF CEDAR CITY, COUNTY OF IRON, STATE OF UTAH. STATEMENT OF CONDITION AS AT THE CLOSE OF BUSINESS DEC. 31, 1963. ASSETS Cash on hand and in b.nks 3,696.99 First mortgage direct reduction loans 403,867.38 First mortgage share account sink, fund loans 18,500.00 422,367.3 Loans secured by shares or investment certificates of tliis association 20,000.0(- Real estate owned and real estate subject to redemption 7,000.00) Furniture and fixtures 2,654.22 less depr. 1,290.48 1,36171 TOTAL ASSETS 454,428.1 i LIABILITIES Unpledged withdrawable Shares: A Installment shares 257,105JJ2r C Full paid shares - 6,50000- E Investment ceitificates - 77,750.00- Total savings and Investment share accounts 341.35TL32 Mortgage pledged shares 29,553.82 Other borrowed money 27,000.00 Accounts payable - - 3,04 U6 Adva. payments by borrowers for taxes and Insurance 481.32 General Reserves: A Legal reserve 37,000.91 E Reserve for bad debts 11,688.88 Undivided profits or surplus 4,2i3-50T TOTAL LIABILITIES - 454,428-11 Total number of mortgage loan accounts 61 Total number of savings and investment share accounts 108 STATE OF UTAH, COUNTY OF IRON, ss. ... William L. Jones, being first duly sworn aceordig to law, de-noses de-noses and says that he is the president of the above named corporation corpora-tion and that the foregoing report contains a full, true and correct statement of the condition of the said corporation at the close of-business of-business on the 31st day of December, 1963 Dated this 27th day of January, 1964. William L. Jones, President. Subscribed and sworn to before me this 27th day of January, 1964. Floyd D. Pickering, Notary Public. My Commission expires Feb. 2, 1967. ATTEST: Frank J. Petty, Clinton Milne, Frank L. Cooley, Directors Office of the Bank Commissioner, I, Spencer C. Taylor, 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 Jhe above named corporation f ilctl in my office on January 29, 1964. Spencer C. Taylor, Bank Commissioner. (Feb. 27, Mar. 5, 1961). - . ! |