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Show I i REPORT OF CONDITION of "STATE BAXK OF SOUTHERN' UTAH" of Cedar City, in the State of Utah at the close of business on Dec. 21, 1971 ASSETS Cash and due from banks (including S221.3S3.7S posted debits) $l,000,33i,.f,8 U. S. Treasury securities 1,213,930.00 Obligations of other U. S. Government agencies and corporations 200,000.00 Obligations of States and political subdivisions .... 1,29-1,103.36 Federal funds sold and securities purchased under agreements to resell 900,000.00 Other Loans 7,S3G,335.89 Bank premises, furniture and fixtures and other assets representing bank premises 412,591.77 Other assets 3-31- TOTAL ASSETS . $12,S57,31 1.01 LIABILITIES Demand deposits of individuals, partnerships and corporations 3,337,999.37 Time and savings deposits of individuals, partnerships and corporations 6,339,4-16.97 Deposits of United States Government 36,405.47 Deposits of States and political subdivisions 1,907,722.10 Certified and officers checks, etc 104.S1S.32 TOTAL DEPOSITS $11,726,392.23 (a) Total demand deposits $ 4,086,019.98 (b) Total time and savings dep. .... $ 7,640,372.25 Other liabilities 1SS.2SS.61 TOTAL LIABILITIES $11,914,GS0.81 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) $125,593.05 TOTAL RESERVES ON LOANS AND SECURITIES 125,593.05 CAPITAL ACCOUNTS Equity capital $ 817,040.12 Common stock-total par value .:.. 180,000.00 (No shares authorized 25,000) (No shares outstanding 18,000) Surplus 500,000.00 Undivided profits : 137,010,12 TOTAL CAPITAL ACCOUNTS $ 817,040.12 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $12,857,314.01 MEMORANDA Average of total deposits for the 15 calendar days ending with call date $11,921,413.27 Average of total loans for the 15 calendar days ending with call date $ 8,102,361.52 I, Eldon W. Schmutz, Vice President and Cashier, of the above named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. Eldon W. Schmutz Correct Attest: Warren II. Bulloch, Elwood J. Corry, L.'A. Whetten, Directors. State of Utah, County of Iron, ss: Sworn to and subscribed before me this 19th day of January, Jan-uary, 1972. Carolyn Middlesworth, Notary Public STATE OF UTAH, Department of Financial Institutions, I, W. S. Erimhall, 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 this office on January 21, 1972. W. S. BRIMIIALL, Commissioner of Financial Institutions. (January 27, 1972) |