OCR Text |
Show REPORT OF CONDITION of "STATE BANK OF SOUTHERN UTAH" OF Cedar City In the State of Utah at the close of business on June 301972. ASSETS Cash and due from Banks (including $140,940.13 unposted debits) $ 760,403.47 U. S. Treasury securities 1,249,867.50 Obligations of other U. S. Government agendes and corporations 100,000.00 Obligations of States and political subdivisions 1,779,622.65 Federal Funds sold and securities purchased under agreements to resell 200,000.00 Other Loans 8,269,890.64 Bank premises, furniture and fixtures, and other assets representing bAnk premises 418,053.54 Other assets 5(063.96 TOTAL ASSETS $12,782,901.76 LIABILITIES Demand Deposits of Individuals, Partnerships, and corporations $, 3,216,236.56 Time and savings deposits of individuals, partnerships, and corporations 6,565,841.32 Deposits of United States Government 77,168,73 Deposits of States and political subdivisions 1,412,520.52 Certified and officers' checks, etc 228,004.24 TOTAL DEPOSITS $11,499,771.37 (a) Total demand deposits $ 3,861,919.19 (b) Total time and savings dep. $ 7,637,852.18. Other liabilities - 212,397.30 TOTOL LIABILITIES - $11,712,168.67 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) $ 125,422.21 TOTAL RESERVES ON LOANS AND SECURITIES 125,422.21 CAPITAL ACCOUNTS Equity capital ... ..... $ 945,310.88 Common stock total par value . 180,000.00 (No. of shares authorized 25,000) (No. of shares outstanding 18,000) Surplus ... .. - 500,000.00 Undivided profits - 1 265,310.88 TOTAL CAPITAL ACCOUNTS 945,310.88 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS . $12,782,901.76 MEMORANDA. Average of total deposits for the 15- calendar days ending with call date $11,630,067.25 Average of total loans for the 15 calendar days ending with call date $ 7,931,480.77 I, Eldon W. Sehmutz, 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. SCH MUTZ Correct Attest: " Warren H. Bulloch, L. A. Whetten, Elwood J. Cony, Directors. State of Utah, Country of Iron, ss: Sworn to and subscribed before me this 18th day of July, 1972. Carolyn Middlesworth, Notary Public 4-9-75 STATE OF UTAH, Department of Financial- Institutions, I, W. S. Brimhall, Commissioner of Financial Institutions, hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in this office on Jujy 19, 1972. Commissioner of Financial Institutions W. & BRIMHALU (August 10, 1972) , |