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Show Pioneer Savings and Loan Association 1045 East 2 1st South SALT LAKE CITY, UTAH STATE31ENT OF CONDITION As at December 31, 1956 ASSETS Cash on Hand and in Banks $161,224.21 United States Government Bonds 50,156.25 i $ 211,380.46 Federal Home Loan Bank Stock 11,700 00 First Mortgage Direct Reduction Loans .... 805io08'oO Home Improvement Loans 5648.40 Real Estate Sold on Contract 22,947 93 Loan Secured by Shares 3,999 21 of This Association Office Improvements and Equipment 22,062.46 (After Depreciation) Other Assets and Deferred Charges 3,388 70 TOTAL ASSETS $1,086,135.16 SAVINGS AND LIABILITIES Savings Accounts $ 746,378.77 Undisbursed on Construction Loans 226,883.02 Liabilities: Accounts Payable $ 2,362.08 Advance Payments by Borrowers for Taxes and Insurance 2,319.87 Total Liabilities 4,681.95 CAPITAL AND RESERVES Guarantee Capital Stock 75,000.00 Reserves, Surplus and Deferred Credits 33,191.42 108,191.42 Total Savings, Liabilities. Capital and Reserves $1,086,135.16 'STATE OF UTAH : : ss. COUNTY OF SALT LAKE : Robert E. Doidge, being first duly sworn according to law, deposes and says that he is the President of the above named corporation and that the foregoing report contains a full, true and correct statement of the condition of said corporation at the close of business on the 31st day of December, 1956. Dated this 23rd day of January, 1957. ATTEST ROBERT E. DOIDGE, President : Robert E. Doidge Subscribed and sworn to before Three ; Alan G. Mann J me this 23rd day of Jan., 1957. -Directors : C. Francis Solomon, HELEN B, OLSEN Junior ) Notary Public My Commission expires Sept. 11, 1960. (SEAL) STATE OF UTAH OFFICE OF THE BANK COMMISSIONER I, SETH H. YOUNG, Bank Commissioner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of condition of the above named corporation as at the close of business on December 31, 1956, now on file in my office. SETH H. YOUNG, Bank Commissioner |