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Show REPORT OF CONDITION Of the Milford State Bank of Milford, and Its Baver City Branch of Beaver, In the State of Utah AT THE CLOSE OF BUSINESS ON MARCH 28 1946 1 ASSETS 1. Loans and discounts (including $2,963.57 overdrafts) . .$ 688,172.84 2. United States Government obligations, direct and guaranteed 759 61919 3. Obligations of States and political subdivisions 2o'uOO 00 Cash, balances with other banks, including reserve Daiances and cash items in process of collection 612,116.2 7. Bank premises owned $2,820.24, furniture and fixtures "353.67 . . 9. 11. Other assets .' 1 00 12 TOTAL ASSETS $2,084,083.18 10 LIABILITIES 15. Demand deposits of individuals, partnerships, and cor porations 989,629.57 14. Time deposits of individuals, partnerships, and cor- porations 638,206.80 lb. Deposits of United States Government (including postal savings) 6 136,564.65 16. Deposits of States and political subdivisions 169 27100 18. Other deposits (certified and officers' checks, etc) 37 964 OS 19. TOTAL DEPOSITS $1,971,63611 ' ' 23. Other liabilities 2 143.96 24. TOTAL. LIABILITIES (not including subordil nated obligations shown below) 1,973,780.07 . CAPITAL ACCOUNTS f- Capital 31,300.00 ?t tt 5PLui - 45,000.00 27. Undivided profits , 10 153.43 28. Reserves (and retirement account for preferred capi- tal) 23,849.68 29. TOTAL CAPITAL ACCOUNTS 110,303.11 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS . ... 2,084,083.18 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 31. Pledged assets (and securities loaned) (book value): (a) U. S. Government obligations, direct and guaranteed, guaran-teed, pledged to secure deposits and other liabil-I liabil-I 'ties $ 140,000.00 (e) TOTAL .$ 140,000.00 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 state-ment of the condition of the said bank at the close of business on the 28th day of March, 1946. J. C. SMITH Subscribed and sworn to before me this 2nd day of April, 1946. Norma White, Notary Public (Seal) Residing at Milford, Utah. My commission expires September, 1949. Correct Attest: George Jefferson, Sam Cline and Harold Cline. Directors. Statt of Utah, Office of Bank Commissioner I, J. M. KNTAPP, Bank Commissioner of the State of Utah, do j hereby certify that the foregoing is a true and correct copy of the 1 statement or the above named company, filed in my office on April 5, 1946. J. M. KNAPP, I Bnk Commissioner |