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Show ANNUAL REPORT to the Commissioner of Financial Institutions State of Utah P sport of Condition of CEDAR CITY SAVINGS AND LOAN SSOCIATION, Cedar City, County of Iron, State of Utah., :atement of Conditions as at the Close of Business, Dec. 31, 1)68. ASSETS ash on hand and in banks $ 11,475.61 ther investment securities $ 5,000.00 $ 5,000.00 Tirst mortgage direct reduction loans 354,777.07 irst mortgage share account sinking fund loans 3,500.00 358,277.07 . Loans secured by shares or investment ! certificates of this Association 150.00 Furniture and fixtures $2,773.88 Less Depreciation $1,969.52 804.36 TOTAL ASSETS : $375,707.04 LIABILITIES A Installment shares $298,286.45 C Full paid shares 5,700.00 Total Savings & Investment Share Accounts .... $303,986.45 Mortgage pledged shares 1,920.74 Due borrowers on loans in process 9,242.00 j Advance payments by borrowers for taxes and insurance 1,432.65 Other liabilities 462.23 A Legal reserve $ 19,064.25 E Bad debts 20,344.28 39,408.53 Undivided profits or surplus 19,254.44 TOTAL LIABILITIES $375,707.04 Total Number of Mortgage Loan Accounts 49 Total Number of Savings and Investment Share Accounts 77 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, ture I and correct statement of the condition of the said corporation corpora-tion at the close of business on the 31st day of December, 1968. ' Dated this 15th day of January, 1969. WILLIAM L. JONES, President ATTTEST: Richard N. Gunn, Carroll Brown, F. B. Parkinson. Subscribed and sworn to before me this 15th day of January, 1969. Floyd Pickering, Notary Public My Commission expires Feb. 2, 1971. State of Utah Office of the Commissioner 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 condition of the above named corporation filed in my office on January 17, 1969. W. S. BRIMHALL, Commissioner (Published Feb. 13 and 20, 1969). ( |