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Show REPORT OF CONDITION Report of Condition of STATE BANK OF SOUTHERN UTAH of Cedar City in the State of Utah at the close of business on December 31, 1973. ASSETS Cash and due from banks 1,356,158.00 U. S. Treasury securities - 1 249,627.50 Obligations of other U. S. Government agencies and corporations 100,000.00 Other securities 56 04 Other loans 11,392,978.19 Bank premises, furniture and fixtures, and other assests representing bank premises 454,677.63 Other assets 240.03 TOTAL ASSETS 16,237,409.52 LIABILITIES Demand deposits of individuals, partnerships and corporations . 4,175,343.45 Time and savings deposits of individuals, partnerships, and corporations 1 7,687,319.74 Deposits of United States Government 93,588.10 Deposits of States and political subdivisions 2,173,626.83 Certified and officers checks, ets 197,511.86 TOTAL DEPOSITS . 14,327,389.98 (a) Total demand deposits 5,050,005.87 (b) Total time and savings deposits 9,277,384.11 Federal funds purchased and securities sold under agreements to repurchase 350,000.00 Other liabilities 326,379.89 TOTAL L1BILITIES 15,003,769.87 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) 191,011.17 TOTAL RESERVES ON LOANS AND SECURITIES 191,011.17 CAPITAL ACCOUNTS Equity capital 1,042,628.48 Common stock-total par value 180,000.00 (No. shares authorized 50,000) (No. shares outsanding 36,000) Surplus :. 820,000.00 Undivided profits 42,628.48 TOTAL CAPITAL ACCOUNTS 1,042,628.48 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS 16,237,409.52 MEMORANDA Average of total deposits for the 15 calendar days ending with call date 14,426,018.66 Average of total loan's for the 15 calendar days ending with call date . 11,583,280.79 I, Eldon W. Schmutz, Vice President and Cashier, of the above-named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. Eldon W. Schmutz, Correct-Attest Robert B. Bradshaw, Elwood J, Corry Clarence E. Miller, Directors Sworn to and subscribed before me. Dianne Beatty, Notary Public STATE OF UTAH Department of Financial Institutions I, W. S. 'Brimhall, Commissioner of Financial Institutions, do hereby certify the foregoing is a true and correct copy of the statement of the above named bank, filed in this office on January 11, 1974. " W. S. Brimhall Commissioner of Financial Institutions |