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Show STATE OF UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS 10 West 3rd South - Suite 331 Salt Lake City, Utah 84701 REPORT OF CONDITION OF "STATE BANK OF SOUTHERN UTAH" of Cedar City in the State of Utah at the close of business on Sept. 30, 1(175. ASSETS Cash and due from banks ( including $269,807.74 unposted debit- s) 1,875,522.48 U.S. Treasury securities 1,350,421.17 Obligations of other U.S. Government agencies and corporations 738.28 Obligations of States and political subdivisions 1,943,193.83 Federal funds sold and securites purchased under agreements to resell 900,000.00 Other loans 11,732,278.02 Bank premises, furniture and fixtures, and other assets representing bank premises 621,234.86 Real estate owned other than bank premises 4,000.00 Other assets 14,287.58 TOTAL ASSETS 18,441,676.22 LIABILITIES Demand deposits of individuals, partnerships, and corporations cor-porations 5,237,957.35 Time and savings deposits of individuals, partnerships, and corporations 8,759,451.52 Deposits of United States Government 142,145.95 Deposits of States and political subdivisions 1,927,055.96 Deposits of commercial banks 202,444.84 Certified and officers checks, etc 323,480.43 TOTAL DEPOSITS $16,592,536.05 (a) Total demand deposits $ 6,188,472.23 (b) Total time and savings deposits $10,404,063.82 Other liabilities 340,943.62 TOTAL LIABILITIES 16,933,479.67 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) 193,128.26 TOTAL RESERVES ON LOANS AND SECURITIES . . . 193,128.26 CAPITAL ACCOUNTS Equity capital, total (sum of Items 36 to 40 below) 1,315,068.29 Common stock-total par value 180,000.00 ( No. shares authorized 50,000 ) ( No. shares outstanding 36,000) .... Surplus 920,000.00 Undivided profits 215,068.29 TOTAL CAPITAL ACCOUNTS (sum of Items 34 and 35 .1,315,068.29 LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS (sum of Items 28,29,33 & 41 above) 18,441,676.22 MEMORANDA Average of total deposits for the 15 calendar days ending with call date 16,181,952.17 Average of total loans for the 15 calendar days ending with call date 12,021,535.00 5,000.00 I, Eldon W. Schmutz, Vice President & Cashier of the above-named 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: Eldon W. Schmutz Wm. R. Thorley) Robert B. Bradshaw) Directors. Louis Webster State of Utah, County of Iron ss: Sworn to and subscrilx'd before me this 15th day of October, 1975 Diannc Beatty, Notary Public STATE OF UTAH Department of Financial Institutions I, C. B. Quinn. 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 October 16, 1975. C. B. Quinn Chief Examiner of Financial Institutions |