OCR Text |
Show REPORT OFL CONDITION Of the Milford State Bank of Milford, and Its Beaver City Branch of Beaver, In the Stale of Utah AT THE CLOSE OF BUSINESS ON OCTOBER 18, 1943 ASSETS 1. Loans and discounts (including $1,889.48 overdrafts) ....$394,655.92 2. United States Government obligations, direct and guaranteed) 462,112.00 3. Obligations of States and political subdivisions 20,000.00 6. Cash, balances with other banks, including reserve balances, and cash items in process of collection 261,303.7,4 7. Bank premises owned $3,973.24, furniture and fixtures $1,333.45 5,306.69 8. Real estate owned other than bank premises 182.26 11. Other assets 400.00 12. TOTAL ASSETS - $1,143,960.61 LIABILITIES 13. Demand deposits of individuals, partnerships, and cor porations $646,807.97 14. Time deposits of individuals, partnerships, and cor porations 275,660.19 15. Deposits of United States Government (including postal savings) 35,631.00 16. Deposits of States and political subdivisions 80,977.00 18. Other deposits (certified and officers' checks, etc.) 10,280.40 19. TOTAL DEPOSITS $1,049,356.56 23. Other liabilities ; 654.29 24. TOTAL LIABILITIES (not including subordinated obligations shown below 41,050,010.85 CAPITAL ACCOUNTS 27. Capital .$ 25,000.00 26. Surplus 38,000.00 27. Undivided profits 9,713.42 28. Reserves (and retirement account for preferred capi tal) 21,236.34 29. TOTAL CAf ITAX ACCOUNTS - 93,949.76 30. TOTAL UAiHELOTIES AND CAPITAL ACCOUNTS $1,143,960.61 This bank's capital consists of $6,300.00 of capital notes and debentures; de-bentures; and common stock with total par value of $25,000.00. MEMORANDA SI. Pledged assets (and securities loaned) (book value) : (a) U. S. Government obligations, direct and guaranteed, guaran-teed, pledged to secure deposits and other liabilities liabil-ities -....$150,000.00 TOTAL $150,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is Cashier of th above named bank and that the above and foregoing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 18th day of October, 1943. J. C. SMITH : .'Subscribed and sworn to before me this 22nd day of October, 1943. Norma White, Notary Public (Seal) Residing at Milford, Utah. My commission expires September 1, 1945. Correct Attest: Harold Cline, George Jefferson and Sam Cline. Directors. State of Utah, Office of Bank Commisaione'r I, J. M. Knapp, Chief Examiner of the Banking Department of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of tha above named company, filed in my office on October 25, 1943. J. M. KNAPP, Chief Examiner |