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Show ANNUAL REPORT to' the Commissioner of financial Institutions State of Utah Report of Condition of Cedar' City Savings and Loan Association, Asso-ciation, Cedar City, County of Iron, State of Utah. Statement of Conditions as at the close of business, December Decem-ber 31, 1971. ' ASSETS Cash on hand and in. banks. 3,522.83 U. S. Government obligations $ 20,000.00 Other investment securities 20,000.00 Accrued interest receivable on investments 445,534.54 20,000.00 First Mortgage direct reduction loans 455,534.54 ' First mortgage share account sinking fund loans 3,500.00 Total 449,034.54 Loans secured by share or investment certificates of this Association 2,993.06 Furniture and fixtures $2,777.88 less Dcpr. $2,141.57, 632.31 TOTAL ASSETS - ... $476,181.74 LIABILITIES Installment shares $385,403.70 Full paid shares 5,700.00 Total Savings and Investment Share Accounts $391,103.70 Pass Book Pledged Shares 7,365.12 Mortgage pledged shares 1,820.72 Other borrowed money 7,000.00 Due borrowers on loans in process 2,363.34 Other liabilities 1,004.48 Legal reserve 19, 064.25 Bad debt reserve 20,344.28 Total - - - 39,408.53 Undivided profits or surplus 26,,115.85 TOTAL LIABILITIES $476,181.74 Total number of mortgage loan accounts 52 Total number of savings and investment share accounts 110 STATE OF UTAH, COUNTY OF IRON, ss. William L. Jones, being first duty sworn according to law, deposes and says that he is President of the above named corporation and that the foregoing report contains a full, true and correct statement of the condition of the said corporation corp-oration at the close of business on the 31st day of December, 1971. " ' ' ' ' Dated the first day of January, 1972. WILLIAM L. JONES, President ATTEST: Willarm C Jones, Lanell N. Lunt, Floyd Pickering. Directors. Subscriped and sworn to before me this 25th day of January, 1972 FLOYD PICKERING, Notary Public My Commission expires February 2, 1974. STATE OF UTAH, Officer of the Commissioner of financial Institutions: 1, 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 cor-poration filed in my Off ire on January 31, 1972. " W. S. BRIMHALL, Commissioner (February 24, March 2, 1972) i |