OCR Text |
Show REPORT OF CONDITION Report of Condition of BANK OF IRON COUNTY of Par-owan Par-owan In the State of Utah 84761 at the close of business on December 31, 1973. ASSETS Cash and due from banks (Including no unposted debits) 551,112.14 U. S. Treasury securities 1,585.355.00 Obligations of States and political subdivisions 150,450.00 Other securities (including no coroprate stocks 300,000.00 Federal funds sold and securities purchased under agreements to resell 450,000.00 Other Loans 4,395,423.62 Bank premises, furniture and fixtures, and other assets representing bank premises 14,967.81 Real estate owned other than bank premises .... 28,974.00 TOTAL ASSETS 7,476.282.57 LIABILITIES Demand deposits of Individuals, partnerships, and corporations 1,880,678.21 Time and savings deposits of individuals, partnerships, and corporations 3,510,909.67 Deposits of States and political subdivisions 1,124,784.13 Lemned and omcers' checks, etc 93,269.61 TOTAL DEPOSITS 6,609.701.62 (a( Total demand deposits 2,243,551.95 (b) Total time and savings deposits 4,366,149.67 TOTAL DEPOSITS INFOREAa....G Other liabilities 201,732.41 TOTAL LIABILITIES 6,811,434.03 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) 73,786.36 TOTAL RESERVES ON LOANS AND SECURITIES 73,786.36 CAPITAL ACCOUNTS Equity capital, total 591,062.18 Common stock-total par value 90,000.00 (No. shares authorized 9000) (No. shares outstanding 9000) Surplus 360,000.00 Undivided profits 141,06218 TOTAL CAPITAL ACCOUNTS 591.06Z1S TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS 7,476,282.57 MEMORANDA Average of total deposits for the 15 calendar days ending with call date ... 6,524,545.21 Average of total loans for the 15 calendar days ending with call date 4,342,261.92 I, Frankie Lou Bentley, Assistant 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. Correct-Attest: Frankie Lou Bentley; James A. Mercer, D Robinson, O. K. Nielsen, directors. Sworn and subscribed before, Laurence Tullls 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 his office on January 10, 1974. 1 W. S. Brimhall Commissioner of Financial Institutions I (January 24, 1974) |