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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 BANK OF IRON COUNTY of Parowan, Utah 84761 in the State of Utah at the close of business on Dec. 31, 1978.ASSETS Dollar amount in Thousands Cash and due from banks 447 U.S. Treasury Securities ' .2,118 Obligations of other U.S. Government agencies and corporations . none Obligations of States and political subdivisons 205 Federal funds sold and securities purchased under agreements -mm ' to resell in domestic offices !1,000 a. Loans, Total (excluding unearned income) in-come) 8,836 b. Less: Reserve for possible loan losses 91 c. Loans, net 8,745 Bank premises, furniture and fixtures, and other assets representing bank premises 234 Other assets 16 TOTAL ASSETS (Sum of items 1 thru 15) 12,765 LIABILITIES Demand deposits of individuals, partnerships, and corporations cor-porations .3,216 Time and savings deposits of individuals, partnerships and corporations , 6,890 Deposits of States and political subdivisions 1,347 Certified and officers' checks ! 82 TOTAL DEPOSITS IN DOMESTIC OFFICES OF-FICES 11,535 a. Total demand deposits 3,881 b. Total time and savings deposits 7,654 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES OF-FICES 11,535 Federal funds purchased and securities sold under agreements to repurchase in domestic offices 100 Other liabilities 3 TOTAL LIABILITIES (excluding subordinated notes and debentures) 11,638 EQUITY CAPITAL Common stock. ...a, No. shares authorized 9,000 Common stock. ...b. No. shares outstnading 9,000 Surplus 850 Undivided profits 187 TOTAL EQUITY CAPITAL (sum of items 32 thru 36) . . . . . 1,127 TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 30, 31 and 37 12,765 MEMORANDA Average for 30 calendar days ending with call date: a. Cash and due from banks (corresponds to item 1 above) .739 Federal funds sold and securities purchased under agreements to resell (cors. toitemSabove) 1,515 c Total loans.... (corresponds to item 9a above) 9,098 Time deposits of $100,000 or more in domestic offices (corresponds to Memoranda items 3a plus 3b below) 552 Total deposits. ... ( corresponds to item 24 above) 12,343 Federal funds purchased and securities sold under agreem-ments agreem-ments to repurchase (corrs. to item 25 above) 40 Time deposits of $100,000 or more in domestic offices: a. Time certificates of deposit in denominations of $100,000 or more 552. Number of operating branches-as of call date 1 I, Frankie Lou Bentley, Assistant Vice President of the above-named bank, do solemnly SWEAR-AFFIRM that this report of condition is true and correct, to the best of my knowledge and belief. Correct - Attest : Frankie Lou Bentley 0, K. Nielsen, D. Robinson, Rodger E. Allen; Directors. State of Utah, County of Iron ss: " Sworn to and subscribed before me this 13th day of January 1979. Lawana Tullis; My Commission expires 8-13-81 Notary Public STATE OF UTAH Departrment of Financial Institutions 1, M. D. Borthick 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 22, 1979. M. D. Borthick Commissioner of Financial Institutions Feb. 1, 1979 |