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Show REPORT OF CONDITIONS of "STATE BANK OF SOUTHERN UTAH" of Cedar City In the State of Utah, Iron County, at the close of business on June 30, 1973. ASSETS Cash and due from banks (including $88,883.03 unposted debits) $ 1,286,373.53 U.S. Treasury securities 1,249,627.50 Obligations of other U.S. Government agencies and corporations 100,000.00 Obligations of States and political sub. 1,892,284.59 Other securities . 385,411.11 Other loans 10,665,476.16 Bank premises, furniture and fixtures, and other assets representing bank premises 461,184.76 Other assets 635.43 TOTAL ASSETS $16,040,993.08 LIABILITIES Demand deposits of individuals, partnerships and corporations $ 4,216,101.79 Time and savings deposits of individuals, partnerships, and corporations 7,572,692.91 Deposits of United States Government . 135,823.52 Deposits of States and political subdivisions 1,901,732.11 Certified and officers' checks, etc 395,194.73 TOTAL DEPOSITS $14,221,545.06 (a) Total demand deposits .... 5,301,249.98 (b) Total time & sav. dep 8,920,295.08 Federal funds purchased and securities sold under agreement to repurchase 400,000.00 Other liabilities 249,811.83 TOTAL LIABILITIES $14,871,356.89 i RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) $ 148,453.20 TOTAL RESERVES ON LOANS & SECURITIES.... 148,453.20 CAPITAL ACCOUNTS Equity capital, total (sum of Item 36 to 40 below) $ 1,021,182.99 Common stock-total par value 180,000.0p (No. shares authorized 25,000) (No. shares outstanding 18,000) Surplus ' 620,000.00 Undivided profits 221,182.99 TOTAL CAPITAL ACCOUNTS $ 1,021,182.99 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $16,040,993.08 MEMORANDA Average of total deposits for the 15 calendar days ending with call date 14,198,676.24 Average of total loans for the 15 calendar days ending with call date 11,087,755.68 I, Eldon W. Schrmitz, Vice President and Cashier, of the above named bank, do solemnly swear that this report of conition is true and correct, to the best of my knowledge and belief. sEldon W. Schmutz Correct Attest: Clarence E. Miller, L A. Whetten, James Hoyle, Jr., directors. State 6f Utah, County of Iron ss: Sworn to and subscribed before me this 19th day of July, 1973. Dianne Beatty, Notary Public STATE OF UTAH, Department of Financial Institutions: ' I, C: B. Quinn V Chief Examiner 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 July 23, 1973. C. B. Quinn, Chief Examiner |