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Show REPORT OF 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 DECEMBER 30, 1944. ASSETS 1. Loans and discounts (including $1,443.19 overdrafts) ....$498,787.21 2. United States Government obligations, direct and guaranteed 599 11919 6. Cash, balances with other banks, including reserve balances, and cash items in process of collection 582 534 17 7. Bank premises owned $3,473.24, furniture and fixtures $1-369.07 4j842.31 12. TOTAL ASSETS .$1,685,282.88 LIABILITIES 13. Demand deposits of individuals, partnerships', and cor porations $896,265.53 14. Time deposits of individuals, partnerships, and cor porations $413,411.67 15. Deposits. of United States Government (including postal savings) 91,142.22 16. Deposits of States and political subdivisions 162,841.00 18. Other deposits (certified and officers' checks, etc.) ... . 16,881,54 19. TOTAL DEPOSITS $1,580,541.96 23. Other liabilities 895.84 24. TOTAL LIABILITIES (not including subordinated obligations shown below) $1,581,437.80 CAPITAL ACCOUNTS 26. Capital , $ 31,300.00 26. Surplus 43,000.00 27. Undivided profits '. 13,195.40 28. Reserves (and retirement account for preferred capi tal) 16,349.68 29. TOTAL CAPITAL ACCOUNTS $ 103,845.08 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $1,685,282.88 This bank's capital consists of $6,300.00 of capital notes and de-bentures; de-bentures; and common stock with total par value of $25,000.00. MEMORANDA 31. 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 (e) TOTAL 4150,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is Cashier of the 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 30th day of December, 1944. J. C. SMITH Subscribed and sworn to before me this 5th day of January, 1945. Norma White, Notary Public (Seal) Residing at Milford, Utah. My commission expires September 1, 1945. Correct Attest: Harold Cline, George Jefferson and J. C. Smith. Directors. State of Utah, Office of Bank Commissioner I, J. M. Knapp, Chief Examiner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of the above named company, filed in my office on January 8, 1945. J. M. KNAPP, Chief Examiner |