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Show ANNUAL REPORT OF THE Spanish Fork Building & Loan Association OF SPANISH FORK. UTAH AT THE CLOSE OF BUSINESS DECEMBER 31 1935 TO THE STATE BANK COMMISSIONER, SALT LAKE CITY UTAH ASSETS Cash on hand and due from banks $ 5 123 78 First Mortgage Loans, Loaned 67373 63 Stocks, Certificate or Pass Book Loans 12 340 30 Accounts Receivable 541.98 Total Assets $ 85,379.69 LIABILITIES Shares Pledged on Mortgage Loans, Monthly Dues $ 54,425.58 Reserve for Maturity (Investment Shares) Shareholders Divi- dends : 10,097.21 Unapplied Mortgage Loan Credits, Contract Payable 2,712 30 Due Borrowers (Incomplete Loans) Accounts Receivable '. 338 92 Undivided Profits 7 805 jg Total Liabilities 85,379.69 STATEMENT OF RECEIPTS AND DISBURSEMENTS DURING THE YEAR RECEIPTS Pledged Shares, Accounts Receivable $ 506.85 Unapplied Stock Credits, Loan on Res 19,600.00 Repayments on Mortgages, Loan Fees B 230000 Stock or Share Loans repaid, M. Dues 17o49'85 Borrowed Money, other 6,900 00 Income, R. E. Owned, Fees , . . . . . ' U.00 Interest from all sources 6 404.97 Fees, Fines & Forfeitures ' 67 50 Other Receipts: (Itemize) a. Undivided Profits is. 00 b. Opening Balance, Overdraft . '. " . 7ig Total receipts during period $ 52,850.96 DISBURSEMENTS Investment Stocks, withdrawn $ 193 85 Loaned on 1st Mortgage Security m 7,900.00 Loaned on Stock or P. B. Sec 4 600 00 Borrowed Money, repaid F. H. L. B 9418!oO Borrowed Money, repaid other, Div 3 540.73 Investments or Securities Pur'd 18 638 32 Operating Expense, Incl. Salaries !!!.!!!!!.'! '55L37 Interest Expense, Borrowed Money 130 14 Taxes Paid, R. E. Owned 18.17 Other Disbursements: (Itemize) a. Undivided Profits 293 60 b. Contracts Payable 2 440 00 Total Disbursements dur. Period $ 47,727.18 Cash at Close of Period $ 5 125 78 Proof 52i55o!96 AUTHORIZED CAPITAL Authorized Issue, Permanent Stock, Common No of Shares 100 Par Value $100. No. of sliares sold during the year: Permanent Stock, Common 42y,. No. of Investment Certificates matured and paid during year 75 A STATEMENT OF SALARIES PAID TO EACH OF THE OFFICERS DURING THE YEAR President, $10.00; 1st Vice-President, $10.00; Secretary, $350.00-Treasurer, $350.00-Treasurer, None. ' R. H. Andrus being first duly sworn according to law deposes and j says, that he is the secretary of the above named company; that the statements made in the foregoing report are true and correct and that said statements contain a full and correct exhibit of the condition of said company's business at the elose of the year ending December 31, 1935. R. H. ANDRUS, Title Secretary.' (Seal) Correct Attest G. RAY HALES, H. B. ROBERTSON, JOHN E. BOOTH, Directors. Subscribed and sworn to before me this 4th day of February 1936 H. A. GARDNER, Notary Public. ' ' ; Spanish Fork, Utah. ; My Commission Expires October 28, 1937. ; STATE OF UTAH J Office of Bank Commissioner. j I, Rulon F. Starley, Bank Commissioner of the State of Utah do hereby certify that the foregoing is a full, true and correct copy of 'the 5 statement and report of the above named company, now on file in mv office this 21st clay of February, 1936. RULON F. STARLEY, Bank Commissioner. |