OCR Text |
Show REPORT OF CONDITION of BANK OF IRON COUNTY of PAROWAN in the State of Utah IRON at the close of business on Dec. 31, 1975. ASSETS Cash and due from banks 1,283,509.93 U.S. Treasury securities 1,557,720.00 Obligations of States and political subdivisions 158,963.44 Federal funds sold and securities purchased under agreements to resell 300,000.00 Otherloans 5,828,843.86 Bank premises, furniture and fixtures, and other assets representing bank premises 216,073.63 Other assets 12,491.46 TOTAL ASSETS 9,357,602.32 LIABILITIES Demand deposits of individuals, partnerships, and corporations 2,356,741.60 Time and savings deposits of individuals, partnerships, and corporations 4,647,098.29 Deposits of States and political subdivisions 1,273,363.02 Certified and officer's checks, etc 38,262.36 TOTAL DEPOSITS $8,315,465.27 (a) Total demand deposits $2,746,271.98 (b) Total time and savings deposits ....$5,569,193.29 Other liabilities 224,895.71 TOTAL LIABILITIES 8,540,360.98 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) 75 435 43 TOTAL RESERVES ON LOANS AND SECURITIES .... 75,435.43 , CAPITAL ACCOUNTS Equity capital, total (sum of items 36 to 40 below) 741,805.91 Common stock-total par value 90000.00 (No. shares authorized 9000) (No. shares outstanding 9000) Surplus 410,000.00 Undivided profits 241,805.91 TOTAL CAPITAL ACCOUNTS (sum of Items 34 and 35 above) 741 805 91 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS (sum of Items 28,29,33 & 41 above) 9,357,602.32 MEMORANDA Average of total deposits for the 15 calendar days ending with call date 8,630,823.84 Average of total loans for the 15 calendar days ending with call date 6,011,237.91 I, Frankie Lou Bentley, Assistant Cashier 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 Elmer L. Lowe O.K.Nielsen Rodger E.Allen Directors. State of Utah, County of Iron ss: Sworn to and subscribed before me this 9th day of January 1976. Lawana Tullis, Notary Public My commission expires: 8-13-77 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 13, 1976. W.S. Brimhall Commissioner of Financial Institutions |