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Show STATE OF UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS 10 West 3rd South -Suite 331 i Sa It Lake City, Utah 84 101 REPORT OF CONDITION OF STATE BANK OF SOUTHERN UTAH Department of Financial institutions of Cedar City in the State of Utah at the close of business on June 30, 1974. ASSETS Cash and due from banks . . . ; $169,162.46 993,936.02 U.S. Treasury securities 1,299,693.36 Obligations of other U.S. Government agencies and corporations , 100,070.00 Obligations of States and political subdivisions 1,642,942.77 Other loans 11,625,095.41 Bank premises, furniture and fixtures, and other assets representing bank premises 477,637.33 Other assets 66.03 TOTAL ASSETS 16,139,440.92 LIABILITIES Demand deposits of individuals, partnerships, and corporations 3,963,568.85 Time and savings deposits of individuals, partnerships, partner-ships, and corporations .: 7,713,335.59 Deposits of United States Government 111,801.83 Deposits of States and political subdivisions 1,850,728.04 Certified and officers' checks, etc 236,532.33 TOTAL DEPOSITS $13,875,966.64 (a) Total demand deposits 4,667,497.62 (b) Total time and savings deposits 9,208,469.02 Federal funds purchased and securities sold under agreements to repurchase 600,000.00 Other liabilities 312,434.77 TOTAL LIABILITIES 14,788,401.41 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to IRS rulings) 190,391.41 TOTAL RESERVES ON LOANS AND SECURITIES . . . 190,391.41 CAPITAL ACCOUNTS Equity capital, total (sum of Items 36 to 40 below) 1,160,648.10 Common stock-total par value 180,000.00 (No. shares authorized 50,000) (No. shares outstanding 36,000) Surplus 820,000.00 Undivided profits 160,648.10 TOTAL CAPITAL ACCOUNTS (sum of Items 34 and 35 above) 1,160,648.10 TOTAL LIABILITIES, RESERVES. AND CAPITAL ACCOUNTS (sum of Items 28,29,33 & 41 above) 16,139,440.92 Average of total deposits for the 15 calendar days ending with call date 14,206,648.47 Average of total loans for the 15 calendar days ending with call date 11,896,659.35 I, Eldon W. Schmutz, Vice President & Cashier, of the above-named above-named bank, do solemnly (Swear-Affirm) that this report of condition con-dition is true and correct, to the best of my knowledge and belief. Correct-Attest: Eldon W. Schmutz State of Utah, County of Iron ss: Sworn to and subscribed before me this 12th day of July, 1974. Dianne Beatty, Notary Public James M. Bulloch Elwood J. Corry Directors. L. A. Whetten STATE OF UTAH Department of Financial Institutions I, W. S. Brimhall Commission 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 15, 1974. W. S. Brimhall Commissioner of Financial Institutions i |