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Show REPORT OF CONDITION of "BANK OF IRON COUNTY" of Parowan in the State of Utah 81761 at the close of business on June 30, 1970. ASSETS Cash and due from banks $ 295,659.03 U. S. Treasury securities 1,187,685.00 Obligations of States and political subdivisions 32,000.00 Federal funds sold and securities purchased under agreements to resell 350,000.00 Other loans 2,240,747.43 Bank premises, furniture and fixtures, and other assets representing bank premises 9,806.06 Real estate owned other than bank premises 1.00 Other assets ; 15.27 TOTAL ASSETS $4,115,913.79 LIABILITIES Demand deposits of individuals, partnerships and corporations $ 966,152.78 Time and savings deposits of individuals, partnerships and corporations 2,058,075.32 Deposits of states and political subdivisions 585,020.48 Certified and officers' checks, etc 12,076.18 TOTAL DEPOSITS $3,621,325.76 (a) Total demand deposits $1,280,049.44 (b) Total time and savings dep $2,341,276.32 Other liabilities 106,050.79 TOTAL LIABILITIES $3,727,376.55 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans set up pursuant pur-suant to Internal Revenue Service rulings) $ 51,593.71 TOTAL RESERVES ON LOANS AND SECURITIES 51,593.71 CAPITAL ACCOUNTS Equity Capital, total $ 336,940.53 Common stock-total par value $ 30,000.00 (No. shares authorized 3000) (No shares outstanding 3000). Surplus 210,000.00 Undivided profits 96,943.53 TOTAL CAPITAL ACCOUNTS 336,940.53 TOTAL LIABILITIES, RESERVES AND CAPITAL ACCOUNTS $4,115,913.79 MEMORANDA Average of total deposits for the 15 calendar days ending with call date $3,591,507.73 Average of total loans for the 15 calendar days ending with call date $2,154,759.18 I, Frankie Lou Bentley, Assistant Cashier, of the above-named above-named bank, no solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. FRANKIE LOU BENTLEY Q,rrPCt Attest: D Robinson, O. K. Nielsen, Norman H. Day, Directors State of Utah, County of Iron, ss: Sworn to and subscribed before me this 9th day of July, 1970. LAWANA TULLIS, Notary Public My Commission Expires Aug. 13, 1973. STATE OF UTAH, Department of Financial Institutions. I, W. S. Brimhall, Commissioner of Financial Institutions, do hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in my office of-fice on July 13, 1970. W. S. Brimhall, Commissioner of Financial Institutions. (Published July 23, 1970) |