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Show REPORT OF CONDITION of "BANK OF IRON COUNTY" of Parowan in the State ol Utah 84761 at the close of busness on Dee. 31, 1969. ASSETS Cash and due from banks $1,288,443.24 Securities of other U. S. Government agencies and corporations 1,280,311.00 Obligations of States and political subdivisions .... 34,000.00 Other Loans 1,970,188.13 Bank premises, furniture and fixtures, and other assets representing bank premises 8,996.28 Real estate owned other than bank premises 1-00 TOTAL ASSETS $4,581,939.65 LIABILITIES Demand deposits of individuals, partnerships and corporations $ 988,594.83 Time and savings deposits of individuals, partnerships, and corporations 2,019,863.53 Deposits of States and political subdivisions 1,101,966.41 Certified and officers' checks, etc 19,722.16 TOTAL DEPOSITS $4,130,146.93 (a) Total demand deposits $1,983,283.40 (b) Total time and savings dep $2,146,863.53 Other liabilities 92,981.27 TOTAL LIABILITIES $4,223,128.20 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant pur-suant to Internal Revenue Service rulings) $ 45,337.45 TOTAL RESERVES ON LOANS AND SECURITIES $ 45,337.45 CAPITAL ACCOUNTS Common stock total par value $ 30,000.00 (No shares authorized 3000) (No. shares outstanding 3000) Surplus" -000.00 Undivided profits , J'4? TOTAL CAPITAL ACCOUNTS $ 313,474.00 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $4,581,939.65 MEMORANDA Average of total deposits for the 15 calendar days ending with call date $4,133,5o0.02 Avnrage of total loans for the 15 calendar days ending with call date $l,899,8cS8.b8 I Frankie Lou Bentley, Assistant Cashier, of the above-named above-named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. FRANKIE LOU BENTLEY. CORRECT ATTEST: W. Scott Mitchell, Elmer L. Lowe, D Robinson, directors State of Utah, County of Iron, ss: Sworn to and subscribed before me this 13th day of January, 197fJ . O. K. Nielsen, Notary Public. My Commission expires Dec. 4, 1971. STATE OF UTAH, Department of Financial Institutions. I nencer C Tavlor, Chief Emaminer, Financial Institutions.' Institu-tions.' do hereby certify that the foregoing is a true . and cor-rect cor-rect copy of the statement of the above-named bank, filed in this office on January 15, 1970. in xnis on w pENCER C. TAYLOR, Chief Examiner of Financial Institutions (January 22, 1970) |