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Show REPORT OF CONDITION of "STATE BANK OF SOUTHERN UTAH" of Cedar City, in the State of Utah, at the close of business on Dec. 31, 1972. ASSETS Cash and due from banks (Including $152,152.03 unposted debits) .... $1,571,448.50 U. S. Treasury securities 1,249,867.50 Obligations of other U. S. Government agencies and corporations 100,000.00 Obligations of States and political subdivisions .... 1,926,388.49 Federal funds sold and securities purchased with agreements to resell 300,000.00 Other loans 9,115,033.88 Bank premises, furniture and fixtures, and other assets representing bank premises 402,203.21 TOTAL ASSETS $14,664,946.53 LIABILITIES , Demand deposits of Individuals, partnerships, and corporations $4,600,141.82 l ime and savings deposits of individuals, partnerships, and corporations 6,803,174.49 . Deposits of United States Government 66,526.16 Deposits of States and political subdivisions 1,698,310.84 Certified and officers' checks, etc. 167,669.09 TOTAL DEPOSITS $13,335,822.40 (a) Total demand deposits $5,182,023,86 (b) Total time and savings dep. $ 8,153,798.54 Other liabilities 231,486.92 TOTAL LIABILITIES $13,567,309.32 RESERVED ON LOANS AND SECURITIES Reserve for bad debt loans (set up pursuant to IRS rulings) . $ 148,673.92 TOTAL RESERVES ON LOANS AND SECURITIES 148,673.92 CAPITAL ACCOUNTS Equity capital $ 948,963.34 Common stock-total par value 180,000.00 (No. of shares authorized 25,000) (No of shares outstanding 18,000) Surplus 620,000.00 Undivided profits 148,963.34 : TOTAL CAPITAL ACCOUNTS 948,963.34 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $14,664,946.58 MEMORANDA Average of total deposits for the 15 calendar days ending with call date .... $12,816,631.95 Average of total loans for the 15 caleridar days ending with call date .... $ 9,260,72752 I, Eldon W. Schmutz, Vice President & 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. Correst Attest: ELDON W. SCHMUTZ. L. A. Whetten, James Hoyle, Jr., Elwood J. Corry, Directors. ; State of Utah, County of Iron, ss: ; Sworn to and subscribed before me this 11th day of Jan-j Jan-j uary, 1973. Dianne Beatty, Notary Public 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 my of- ri -4 t - ATI nee on January i, . , , . , Commission of Financial Institutions " W. S. BRIMHALL, ! (January 25, 1973) r . |