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Show STATE OF UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS 10 West 3rd South Suite 331 Salt Lake City, Utah 84101 REPORT OF CONDITION OF "STATE BANK OF SOUTHERN UTAH" of Cedar City in the State of Utah at the clase of business on Dec. 31, 1977. Dollar Amount m Thousands ASSETS Cash and due from banks 2,622 U.S. Treasury Securities Obligations of other U.S. Government agencies and corporations Obligations of States and political subdivisions Ai& Federal funds sold and securities purchased under agreements to resell in domestic offices ifioO a. Loans, Total (excluding unearned income) in-come) b. Less : Reserve for possible loan losses .... 202 c. Loans, net 14,738 Bank premises, furniture and fixtures, and other assets representing bank premises 6f!0 Real Estate owned other than bank premises 7 ' Other Assets TOTAL ASSETS (Sum of items 1 thru 15) 24,009 LIABILITIES Demand deposits of indivduals, partnerships, and corporations . -5'843 Time and savings deposits of individuals, partnerships, and corporations 13,312 Deposits of United States Government 167 Deposits of States and political subdi visions 2,673 Deposits of commercial banks 57 Certified and officers' checks 289 TOTAL DEPOSITS IN DOMESTIC OFFICES OF-FICES 22,341 a. Total demand deposits 7,484 b. Total time and savings deposits 14,857 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES 22,341 TOTAL LIABILITIES (excluding subordinated notes and debentures) 22,342 EQUITY CAPITAL Common stock a. No. shares authorized b. No. shares outstanding 36,000 180 Surplus 1370 Undivided profits 118 TOTAL EQUITY CAPITAL (sum of items 32 thru 36) 1,668 liabilities and equity capital )sum of items 31, and 37) 24,009 MEMORANDA Average for 15 or 30 calnedar days ending with call date : cash and due from banks (corresponds to item 1 above) 2,622 b. Federal funds sold and securities purchased under agreements to resell (cor. to item 8 above) 1,050 c. Total loans (corresponds to item 9a above) 14,940 d. Time deposits of $100,000 or more in domestic offices (corresponds to Memoranda items 3a plus 3b below) . . .1,494 e. Total deposits (corresponds to item 24 above) 22,341 Time deposits of $100,000 or more in domestic offices. a. Time certificates of deposit in denominations of $100,000 or more 1,494 Number of operating branches as of call date one I, Eldon W. Schmutz, Senior V. P. and Cashier, of the above-swear-AFFIRM that this report of condition is true and correct, to the best of my knowledge and belief. Correct-Attest: Eldon W. Schmutz James Hoyle Jr. Clarence Miller Warren H. Bulloch Directors. State of Utah County of Iron ss: Sworn to and subscribed before me this 16th day of January 1978. Dianne Beatty, Notary Public State of Utah Department of Financial Institutions I, W. S. Brimhall 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 23, 1978. W. S. Brimhall Commissioner of Financial Institutions Vub. Feb. 2, 1978 |