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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 "AMERICAN BANK OF COMMERCE" of Iron County in the State of Utah at the close of business on June 30, 1977. ASSETS Dollar amount in thousands Cash and due from banks 327 Obligations of other US Government agencies and corporations cor-porations Other bonds, notes, and debentures 250 Corporate stock 1 Federal funds sold and securities purchased under agreements to resell in domestic offices zou a. Loans, Total (excluding unearned income) in-come) 2604 b. Less : Reserve for possible loan losses .... 24 c. Loans net 2-580 Bank premises, furniture and fixtures, and other assets representing bank premises 174 Other assets TOTAL ASSETS ( sum of items 1 thru 15 ) 3,701 LIABILITIES Demand deposits of individuals, partnerships, and cor- porations i,0i' Time and savings deposits of individuals, partnerships and corporations L302 Deposits of United States Government 4 Deposits of States and political subdivisions 650 Certified and officers checks 46 TOTAL DEPOSITS IN DOMESTIC OFFICES OF-FICES 3,329 a. Total demand deposits 1,395 b. Total time and savings deposits 1,934 domestic and foreign offices 3,329 other liabilities 9 TOTAL LIABILITIES (excluding subordinated notes and debentures) 3338 EQUITY CAPITAL Common stock.. .a. No. shares authorized . .30,000 b. No. shares outstanding 22,500 (par value) 225 Surplus 113 Undivided profits 25 TOTAL EQUITY CAPITAL (sum of items 32 thru 36) 363 TOTAL LIABILITIES AND EQUITY CAPITAL (sum of items 30, 31, and 37) 3-701 MEMORANDA Average for 15 or 30 calendar days ending w ith call date: a. Cash and due from banks (corresponds to item 1 above) 309 b. Federal funds sold and securities purchased under agreements to resell (cors. to item 8 above) 300 c. Total loans ( corresponds to item 9a above ) 2,963 d. Time deposits of $100,000 or more in domestic offices (corresponds to Memoranda items 3a plus 3b below) 611 e. Total deposits (corresponds to item 24 above) 3,329 Time deposits of $100,000 or more in domestic offices : a. Time certificates of deposit in denominations of $100,000 or more 611 I, R. Kent Rhees. 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: Cal W. Carter; Robert L. Gardner; David C. Norton, Directors. State of Utah, County of Iron ss: Sworn to and subscribed before me this 26th day of July, 1377. Janis Urie Frank, 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 Julv 28. 1977. W. S. Brimhall Commissioner of Financial Institutions |