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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 Stateof Utah at the close of business on "Dec. 31, 1978. Dollar Amount in Thousands ASSETS Cash and due from Banks ..2,405 U.S. Treasury Securities 1,799 Obligations of other US Government agencies and corporations 297 Obligations of States and political subdivisions 2,920 Federal funds sold and securities purchased under agreements to resell in domestic offices 2,150 a. Loans, Total (excluding unearned income) . 16,454 b. Less : Reserve for possible loan losses 202 c. Loans, net 16.252 Bank premises, furniture and fixtures, and other assets representing bank premises 1,013 Real estate owned other than bank premises 1 12 Other assets 91 TOTAL ASSETS (Sum of items 1 thru 15) 27,039 LIABILITIES Demand deposits of individuals, partnerships, and corporations cor-porations 7,569 Time and savings deposits of individuals, partnerships, and corporations .15,112 Deposits of States and political subdivisions 1,511 Deposits of commercial banks 110 Certified and officers checks 578 TOTAL DEPOSITS IN DOMESTIC OFFICES 24,880 a. Total demand deposits 8,558 b. Total time and savings deposits 16,322 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES OF-FICES 24,880 debentures) 24,880 EQUITY CAPITAL Common stock. ...a. No. shares authorized 50,000 Common stock., ..b. No. shares outstanding 42,000 210 Surplus 1,740 Undivided profits 209 TOTAL EQUITY CAPITAL (sum of items 32 thru 36) 2,159 TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 30, 31 and 37) 27,039 MEMORANDA Average for 15 or 30 calendar days ending with call date : a. Cash and due from banks (corresponds to item 1 above) 2,405 b. Federal funds sold and securities purchased under agreemnts to . - ' resell (corrs. to item 8 above) 2,150 c. Total loans.... (corresponds to item 9a above) 16,454 d. Time deposits of $100,000 or more in domestic offices (corrs. to Memoranda items 3a plus 3b below) 1,470 e. Total deposits. ...(corresponds to item 24 above) 24,880 Time deposits of $100,000 or more in domestic offices: a. Time certificates of deposit in denominations of $100,000 or more ; 1,270 b. Other time deposits in amounts of $100,000 or more 200 Number of operating branches as of call date . . Two I, Eldon W. Schmutz, Senior Vice President, of the above-named 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: Eldon W. Schmutz L. A. Whetten, James Hoyle Jr., Elwood J. Corry, Directors. State of Utah, County of Iron ss: Sworn to and subscribed before me this 22nd day of January 1979. Trudie Terry, Notary Public STATE OF UTAH Department of Financial Institutions I, 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 23. 1979. M. D. Borthick Commissioner of Financial Institutions Pub. Jan. 29 1979 |