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Show REPORT OF CONDITION Of the Milford State Bank of Milford, and Its pBeaver ;City Branch of Beaver, In the State of Utah AT THE CLOSE OF BUSINESS ON DECEMBER 31, 1941 ASSETS ' 1. Loans and discounts (Including $2,653.22 overdrafts)....$421,581.50 2. United .States Government obligations, direct and : guaranteed 31,000.00 3. Obligations of States and political subdivisions 21,666.00 4. Other bonds, notes, and debentures ..: 230.00 6. Cash, balances with other banks, including reserve balances, and cash items in process of collection 304,959.54 7. Bank premises owned $4,473.24, funiture and fixtures ' $1,074.13 5,547.37 8. Real estate owned other than bank premises 1,716.22 11. Other assets 400.00 12. TOTAL ASSETS $787,100.63 LIABILITIES IS. Demand deposits of individuals, partnerships, and corporations cor-porations $334,708.70 14. Time deposits of individuals, partnerships, and corpor- ! ations 196,204.09 15. Deposits of United States Government (including postal savings) 4,412.00 16. Deposits of States and political subdivisions 154,553.84 18. Other deposits (certified and officers' checks, etc.) 8,325.93 19. TOTAL DEPOSITS 4698,204.56 23. Other liabilities 2,273.37 24. TOTAL LIABILITIES (not including subordinated obligations shown below) .. $700,477.93 CAPITAL ACCOUNTS 25. Capital : $ 35,300.00 26. Surplus 31,000.00 27. Undivided profits 9,122.70 28. Reserves (and retirement account for preferred capi- i tal) 11,200.00 29. " TOTAL CAPITAL ACCOUNTS 86,622.70 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $787,100.63 ' This bank's capital consists of $10,300.00 of capital notes and debentures; de-bentures; and common stock with total par value of $25,000.00. 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 31st day of December, 1941. ! J. C. SMITH, Subscribed and sworn to before me this 8th day of January, 1942. 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 Commissioner I, Rulon F. Starley, Bank Commissioner 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 9 1942 RULON F. STARLEY, Bank Commissioner |