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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 Doc. 31, 1970. ASSETS Cash and due from banks $ 318,923.75 U, S. Treasury Securities 1,784,780.00 Obligations of States and political subdivisions 47,000.00 Federal funds sold and securities purchased under agreements to resell 300,000.00 Other loans 2,507,710.34 Bank premises, furniture and fixtures, and other assets representing bank premises 7,731.20 Real estate owned other than bank premises 1.00 TOTAL ASSETS $4,966,149.29 LIABILITIES Demand deposits of individuals, partnerships and corporations $1,074,418.26 Time and savings deposits of individuals, partnerships, and corporations 2,314,212.30 Deposits of States and political subdivisions 999,181.81 Certified and officers' checks, etc 41,002.66 TOTAL DEPOSITS $4,428,843.03 (a) Total demand deposits $1,847,602.73 (b) Total time and savings dep $2,581,242.30 Other liabilities 107,721.74 TOTAL LIABILITIES $1,536,569.77 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to Internal Revenue Service rulings) 43,575.02 TOTAL RESERVE ON LOANS AND SECURITIES 43,575.02 CAPITAL ACCOUNTS Equity capital, total $ 386,001.50 Common stock, total par value 30,000.00 (No. shares authorized 3000) (No. share outstanding 3000) Surplus 210,000.00 Undivided profits 116,004.50 TOTAL CAPITAL ACCOUNTS 386,004.50 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $1,966,149.29 MEMORANDA Average of total deposits for the 15 calendar days ending with call date $1,479,GG7.47 Average of total loans for the 15 calendar days ending with the call date $2,450,111.21 I, Frankie Lou Bentley, Assistant Cashier, of the above-named above-named bank, do solemnly swear that this report of condition condi-tion is true and correct, to the best of my knowledge and belief. FRANKIE LOU BENTLEY CORRECT ATTEST: O. K. Nielsen, James A. Mercer, W. Scott Mitchell, Directors. State of Utah, County of Iron, ss. Sworn to and subscribed before me this 12th day of Jan. 1971. LAWANA TULLIS, Notary Public STATE OF UTAH, Department of Financial Institutions: I. W. S. Brimhall, Commissioner of Financial Institutions, do hereby certify that the foregoing In a true and correct copy of the statement of the above named bank, filed in this office on January 14, 1971. W. S. BRIMHALI-, Commissioner of Financial Institutions (January 21, 1971) t |