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Show LEGAL NOTICE ANNUAL REPORT TO THE BANK COMMISSIONER OF THE STATE OF UTAH Made by the Pioneer Savings and Loan Association of Salt Lake City County of Salt Lake, State of Utah STATEMENT OF CONDITION AS AT THE CLOSE OF BUSINESS, DEC. 31, 1955 ASSETS Cash on Hand and in Banks $165,701.73 U. S. Government Obligations $ 50,000.00 Accrued Interest Receivable on Investments 239.58 50,239.58 First Mortgage Direct Reduction Loans . . 333,030.08 Loans Secured by Shares or Investment Certificates of this Association 450.00 Real Estate Sold on Contract 10,970.00 Stock in Federal Home Loan Bank 2,000.00 Office Building Improvements less Depreciation Depreci-ation 11,896.76 Furniture and Fixtures Less Dep'r 7,359.12 Deferred Charges 323.05 Other Assets - 2,511.62 TOTAL ASSETS $584,481.94 LIABILITIES Total Savings 425,211.50 Accounts Payable 1,896.95 Due Borrowers on Loans in Process 61,598.67 Advance Payments by Borrowers for Taxes and Insurance 1,377.27 Permanent, Reserve or Guaranty Stock 75,000.00 Deferred Credits to Future Operations: For unearned profit on U. S. Obligations 893.74 General Reserves: Legal Reserve 15,604.80 Federal Insurance Reserve (if insured) 2,626.06 Bad Debt Reserve 772.95 19,003.81 TOTAL LIABILITIES $584,481.94 STATE OF UTAH COUNTY OF SALT LAKE ss. Robert E. Doidge, being first duly sworn according to law, deposes de-poses and says that he is the President of the above named corporation corpora-tion and that the foregoing report contains a full, true and correct statement of the condition of the said corporation at the close of business on the 31st day of December, 1955. Dated this 20th day of January, 1956. Robert E. Doidge President ATTEST Three Directors Alan G. Mann C. Francis Solomon F. Henri Henroid Subscribed and sworn to before me this 20th day of January, 1908 Preston A. Wurston, Notary Public My Commission expires 5-17-59. STATE OF UTAH OFFICE OF THE BANK COMMISSIONER I Louis S. Leatham, 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, 1955, now on file in my office. Louis S. Leatham Bank Commissioner |