OCR Text |
Show ANNUAL REPORT to the Commissioner of Financial Institutions Stat of Utah Report of Condition of CEDAR CITY SAVINGS & LOAN ASSOCIATION, AS-SOCIATION, Cedar City, County of Iron, State of Utah. Statement of Conditions as at the close of business, Dec. 31 1969. ASSETS Cash on hand and in banks $ 10,197.91 U. S. Government obligations $ 86,701.85 86,701.85 First Mortgage direct reduction loans .... 331,452.55 First mortgage share account sinking fund loans 3,500.00 334.05Z55 Loans secured by share or investment certificates of this Association 1,543.27 Furniture and fixtures, $2,773.88; Less Dep'r $2,026.87 747.01 TOTAL ASSETS . $434.05259 LIABILITIES A Installment shares $363,712.49 B Optional share 5,700.00 Total Savings and Investment Share Accounts ........ $369,442.49 Mortgage pledged shares 3,473.12 Accounts payable 40057 Due borrowers on loans in process ......... 1,629.99 Other liabilities Taxes 140.0G A Legal reserve . $19,064.25 Bad debts ..... 20,3-14.28 39,408.53 Undivided" profits or surplus .. 19,557.83 TOTAL LIABILITIES ... $434,05259 Total number of mortgage loan accounts 46 TVil ...Mu.. : 1 x . t a te juia iiuiuuui ji aavmga unu nivesuiieni snare acuuunui 00 STATE OF UTAH, County of Iron, ss. William L. Jones, being first duly sworn according to law, deposes and says that he is the president of the above-named corporation and that the foregoing report contains a full, true and correct statement of the condition of the said eor. poration at the close of business on the 31st day of Decern ber, 1969. WILLIAM L. JONES, Dated this 14th day of January, 1970. ATTEST: Lanell N. Lunt, F. B. Parkinson, Richard N. Gunn, Directors. Subscribed and sworn to before me this 14th day of January, 1970. FLOYD PICKERING, Notary Public My Commission expires Febrary 2, 1971. State of Utah, Office of the Commissioner of Financial Institutions, I, Spencer C. Taylor, Chief Examiner, Financial Institu-tions, Institu-tions, do hereby certify that the foregoing is a true and correct cor-rect copy of the statement of condition of the above named corporation filed in my office on January 16, 1970. SPENCER C. TAYLOR, Chief Examiner. (January 29, February 5, 1970). |