401k Plan data: THE MERCHANTS BANK 401(K) ESOP PLAN plan

THE MERCHANTS BANK 401(K) ESOP PLAN 401k Plan overview

Plan Name	THE MERCHANTS BANK 401(K) ESOP PLAN
Plan identification number	002

THE MERCHANTS BANK 401(K) ESOP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

THE MERCHANTS BANK has sponsored the creation of one or more 401k plans.

Company Name: THE MERCHANTS BANK

Employer identification number (EIN): 030141230

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE MERCHANTS BANK 401(K) ESOP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2016-01-01
002 2015-01-01
002 2014-01-01
002 2013-01-01 JACQUELINE DRAGON JACQUELINE DRAGON 2014-07-30
002 2012-01-01 JACQUELINE DRAGON JACQUELINE DRAGON 2013-07-31
002 2011-01-01 CYNTHIA OLSON FBO MERCHANTS BANK CYNTHIA OLSON FBO MERCHANTS BANK 2012-07-27
002 2010-01-01 CYNTHIA OLSON FBO MERCHANTS BANK CYNTHIA OLSON FBO MERCHANTS BANK 2012-01-27
002 2009-01-01 CYNTHIA OLSON CYNTHIA OLSON 2010-10-13

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2016-01-01
002	2015-01-01
002	2014-01-01
002	2013-01-01	JACQUELINE DRAGON	JACQUELINE DRAGON	2014-07-30
002	2012-01-01	JACQUELINE DRAGON	JACQUELINE DRAGON	2013-07-31
002	2011-01-01	CYNTHIA OLSON FBO MERCHANTS BANK	CYNTHIA OLSON FBO MERCHANTS BANK	2012-07-27
002	2010-01-01	CYNTHIA OLSON FBO MERCHANTS BANK	CYNTHIA OLSON FBO MERCHANTS BANK	2012-01-27
002	2009-01-01	CYNTHIA OLSON	CYNTHIA OLSON	2010-10-13

Plan Statistics for THE MERCHANTS BANK 401(K) ESOP PLAN

401k plan membership statisitcs for THE MERCHANTS BANK 401(K) ESOP PLAN

Measure Date Value
2016: THE MERCHANTS BANK 401(K) ESOP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 452
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 293
Number of other retired or separated participants entitled to future benefits 2016-01-01 131
Total of all active and inactive participants 2016-01-01 424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 5
Total participants 2016-01-01 429
Number of participants with account balances 2016-01-01 412
2015: THE MERCHANTS BANK 401(K) ESOP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 463
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 304
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 140
Total of all active and inactive participants 2015-01-01 444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 4
Total participants 2015-01-01 448
Number of participants with account balances 2015-01-01 416
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: THE MERCHANTS BANK 401(K) ESOP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 444
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 317
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 120
Total of all active and inactive participants 2014-01-01 437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 2
Total participants 2014-01-01 439
Number of participants with account balances 2014-01-01 424
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: THE MERCHANTS BANK 401(K) ESOP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 436
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 333
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 104
Total of all active and inactive participants 2013-01-01 437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 438
Number of participants with account balances 2013-01-01 414
2012: THE MERCHANTS BANK 401(K) ESOP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 426
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 326
Number of other retired or separated participants entitled to future benefits 2012-01-01 104
Total of all active and inactive participants 2012-01-01 430
Total participants 2012-01-01 430
Number of participants with account balances 2012-01-01 411
2011: THE MERCHANTS BANK 401(K) ESOP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 407
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 331
Number of other retired or separated participants entitled to future benefits 2011-01-01 95
Total of all active and inactive participants 2011-01-01 426
Total participants 2011-01-01 426
Number of participants with account balances 2011-01-01 411
2010: THE MERCHANTS BANK 401(K) ESOP PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 382
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 337
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 83
Total of all active and inactive participants 2010-01-01 420
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 420
Number of participants with account balances 2010-01-01 407
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: THE MERCHANTS BANK 401(K) ESOP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 383
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 310
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 68
Total of all active and inactive participants 2009-01-01 378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 1
Total participants 2009-01-01 379
Number of participants with account balances 2009-01-01 389

Measure	Date	Value
2016: THE MERCHANTS BANK 401(K) ESOP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	452
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	293
Number of other retired or separated participants entitled to future benefits	2016-01-01	131
Total of all active and inactive participants	2016-01-01	424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	5
Total participants	2016-01-01	429
Number of participants with account balances	2016-01-01	412
2015: THE MERCHANTS BANK 401(K) ESOP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	463
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	304
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	140
Total of all active and inactive participants	2015-01-01	444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	4
Total participants	2015-01-01	448
Number of participants with account balances	2015-01-01	416
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: THE MERCHANTS BANK 401(K) ESOP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	444
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	317
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	120
Total of all active and inactive participants	2014-01-01	437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	2
Total participants	2014-01-01	439
Number of participants with account balances	2014-01-01	424
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: THE MERCHANTS BANK 401(K) ESOP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	436
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	333
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	104
Total of all active and inactive participants	2013-01-01	437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	438
Number of participants with account balances	2013-01-01	414
2012: THE MERCHANTS BANK 401(K) ESOP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	426
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	326
Number of other retired or separated participants entitled to future benefits	2012-01-01	104
Total of all active and inactive participants	2012-01-01	430
Total participants	2012-01-01	430
Number of participants with account balances	2012-01-01	411
2011: THE MERCHANTS BANK 401(K) ESOP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	407
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	331
Number of other retired or separated participants entitled to future benefits	2011-01-01	95
Total of all active and inactive participants	2011-01-01	426
Total participants	2011-01-01	426
Number of participants with account balances	2011-01-01	411
2010: THE MERCHANTS BANK 401(K) ESOP PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	382
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	337
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	83
Total of all active and inactive participants	2010-01-01	420
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	420
Number of participants with account balances	2010-01-01	407
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: THE MERCHANTS BANK 401(K) ESOP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	383
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	310
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	68
Total of all active and inactive participants	2009-01-01	378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	1
Total participants	2009-01-01	379
Number of participants with account balances	2009-01-01	389

Financial Data on THE MERCHANTS BANK 401(K) ESOP PLAN

Measure	Date	Value
2016 : THE MERCHANTS BANK 401(K) ESOP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$5,095,348
Total unrealized appreciation/depreciation of assets	2016-12-31	$5,095,348
Total transfer of assets to this plan	2016-12-31	$719,199
Total income from all sources (including contributions)	2016-12-31	$9,813,756
Total loss/gain on sale of assets	2016-12-31	$67,286
Total of all expenses incurred	2016-12-31	$6,484,586
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$6,484,253
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$2,352,586
Value of total assets at end of year	2016-12-31	$47,377,975
Value of total assets at beginning of year	2016-12-31	$43,329,606
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$333
Total interest from all sources	2016-12-31	$23,927
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$1,613,023
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$1,348,420
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$1,388,315
Participant contributions at end of year	2016-12-31	$566,759
Participant contributions at beginning of year	2016-12-31	$579,966
Participant contributions at end of year	2016-12-31	$105,648
Participant contributions at beginning of year	2016-12-31	$44,377
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$301,560
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$3,329,170
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$47,377,975
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$43,329,606
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$35,205,582
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$33,043,759
Interest on participant loans	2016-12-31	$23,927
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$1,862,972
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$1,862,972
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$661,586
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$11,447,625
Assets. Invements in employer securities at beginning of year	2016-12-31	$7,775,333
Contributions received in cash from employer	2016-12-31	$662,711
Employer contributions (assets) at end of year	2016-12-31	$52,361
Employer contributions (assets) at beginning of year	2016-12-31	$23,199
Income. Dividends from common stock	2016-12-31	$264,603
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$6,484,253
Contract administrator fees	2016-12-31	$333
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2016-12-31	No
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Aggregate proceeds on sale of assets	2016-12-31	$1,159,550
Aggregate carrying amount (costs) on sale of assets	2016-12-31	$1,092,264
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	No
Opinion of an independent qualified public accountant for this plan	2016-12-31	Unqualified
Accountancy firm name	2016-12-31	MCSOLEY MCCOY & CO.
Accountancy firm EIN	2016-12-31	030327374
2015 : THE MERCHANTS BANK 401(K) ESOP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$212,324
Total unrealized appreciation/depreciation of assets	2015-12-31	$212,324
Total income from all sources (including contributions)	2015-12-31	$2,492,237
Total loss/gain on sale of assets	2015-12-31	$-37,596
Total of all expenses incurred	2015-12-31	$7,073,072
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$7,073,072
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$2,598,075
Value of total assets at end of year	2015-12-31	$43,329,606
Value of total assets at beginning of year	2015-12-31	$47,910,441
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$0
Total interest from all sources	2015-12-31	$25,719
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$1,571,231
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$1,276,450
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$1,270,061
Participant contributions at end of year	2015-12-31	$579,966
Participant contributions at beginning of year	2015-12-31	$686,618
Participant contributions at end of year	2015-12-31	$44,377
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$740,108
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-4,580,835
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$43,329,606
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$47,910,441
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$33,043,759
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$36,571,810
Interest on participant loans	2015-12-31	$25,719
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$1,862,972
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$1,932,748
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$1,932,748
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-1,877,516
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Assets. Invements in employer securities at end of year	2015-12-31	$7,775,333
Assets. Invements in employer securities at beginning of year	2015-12-31	$8,719,265
Contributions received in cash from employer	2015-12-31	$587,906
Employer contributions (assets) at end of year	2015-12-31	$23,199
Income. Dividends from common stock	2015-12-31	$294,781
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$7,073,072
Contract administrator fees	2015-12-31	$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2015-12-31	No
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$1,118,690
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$1,156,286
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	No
Opinion of an independent qualified public accountant for this plan	2015-12-31	Unqualified
Accountancy firm name	2015-12-31	MCSOLEY MCCOY & CO.
Accountancy firm EIN	2015-12-31	030327374
2014 : THE MERCHANTS BANK 401(K) ESOP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$-453,897
Total unrealized appreciation/depreciation of assets	2014-12-31	$-453,897
Total income from all sources (including contributions)	2014-12-31	$3,604,879
Total loss/gain on sale of assets	2014-12-31	$-573,805
Total of all expenses incurred	2014-12-31	$3,943,752
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$3,934,227
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$2,079,709
Value of total assets at end of year	2014-12-31	$47,910,441
Value of total assets at beginning of year	2014-12-31	$48,249,314
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$9,525
Total interest from all sources	2014-12-31	$28,875
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$2,053,539
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$1,730,012
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$1,219,076
Participant contributions at end of year	2014-12-31	$686,618
Participant contributions at beginning of year	2014-12-31	$727,932
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$278,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$-338,873
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$47,910,441
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$48,249,314
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$36,571,810
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$35,336,557
Interest on participant loans	2014-12-31	$28,875
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$1,932,748
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$1,789,139
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$1,789,139
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$470,458
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Assets. Invements in employer securities at end of year	2014-12-31	$8,719,265
Assets. Invements in employer securities at beginning of year	2014-12-31	$10,395,686
Contributions received in cash from employer	2014-12-31	$582,001
Income. Dividends from common stock	2014-12-31	$323,527
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$3,934,227
Contract administrator fees	2014-12-31	$9,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2014-12-31	No
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$253,077
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$826,882
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	No
Opinion of an independent qualified public accountant for this plan	2014-12-31	Unqualified
Accountancy firm name	2014-12-31	MCSOLEY MCCOY & CO.
Accountancy firm EIN	2014-12-31	030327374
2013 : THE MERCHANTS BANK 401(K) ESOP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$2,345,141
Total unrealized appreciation/depreciation of assets	2013-12-31	$2,345,141
Total income from all sources (including contributions)	2013-12-31	$9,651,858
Total loss/gain on sale of assets	2013-12-31	$-309,250
Total of all expenses incurred	2013-12-31	$2,338,698
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$2,323,599
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$1,876,947
Value of total assets at end of year	2013-12-31	$48,249,314
Value of total assets at beginning of year	2013-12-31	$40,936,154
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$15,099
Total interest from all sources	2013-12-31	$29,387
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$1,834,715
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$1,476,437
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$1,225,188
Participant contributions at end of year	2013-12-31	$727,932
Participant contributions at beginning of year	2013-12-31	$719,080
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$88,103
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$7,313,160
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$48,249,314
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$40,936,154
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$35,336,557
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$29,659,719
Interest on participant loans	2013-12-31	$29,387
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$1,789,139
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$1,656,921
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$1,656,921
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$3,874,918
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Assets. Invements in employer securities at end of year	2013-12-31	$10,395,686
Assets. Invements in employer securities at beginning of year	2013-12-31	$8,900,434
Contributions received in cash from employer	2013-12-31	$563,656
Income. Dividends from common stock	2013-12-31	$358,278
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$2,323,599
Contract administrator fees	2013-12-31	$15,099
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2013-12-31	No
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$265,795
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$575,045
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	No
Opinion of an independent qualified public accountant for this plan	2013-12-31	Unqualified
Accountancy firm name	2013-12-31	MCSOLEY MCCOY & CO.
Accountancy firm EIN	2013-12-31	030327374
2012 : THE MERCHANTS BANK 401(K) ESOP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$-688,533
Total unrealized appreciation/depreciation of assets	2012-12-31	$-688,533
Total income from all sources (including contributions)	2012-12-31	$4,943,844
Total loss/gain on sale of assets	2012-12-31	$-146,936
Total of all expenses incurred	2012-12-31	$2,396,305
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,386,101
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$1,931,200
Value of total assets at end of year	2012-12-31	$40,936,154
Value of total assets at beginning of year	2012-12-31	$38,388,615
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$10,204
Total interest from all sources	2012-12-31	$28,236
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$1,917,199
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$1,537,622
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$1,238,427
Participant contributions at end of year	2012-12-31	$719,080
Participant contributions at beginning of year	2012-12-31	$672,630
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$114,750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$2,547,539
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$40,936,154
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$38,388,615
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$29,659,719
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$25,967,383
Interest on participant loans	2012-12-31	$28,236
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$1,656,921
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$1,678,916
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$1,678,916
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$1,902,678
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$8,900,434
Assets. Invements in employer securities at beginning of year	2012-12-31	$10,069,686
Contributions received in cash from employer	2012-12-31	$578,023
Income. Dividends from common stock	2012-12-31	$379,577
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,386,101
Contract administrator fees	2012-12-31	$10,204
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	No
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$210,230
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$357,166
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	MCSOLEY MCCOY & CO.
Accountancy firm EIN	2012-12-31	030327374
2011 : THE MERCHANTS BANK 401(K) ESOP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$773,704
Total unrealized appreciation/depreciation of assets	2011-12-31	$773,704
Total income from all sources (including contributions)	2011-12-31	$3,283,863
Total loss/gain on sale of assets	2011-12-31	$-421,883
Total of all expenses incurred	2011-12-31	$1,147,084
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,139,868
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$2,707,121
Value of total assets at end of year	2011-12-31	$38,388,615
Value of total assets at beginning of year	2011-12-31	$36,251,836
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$7,216
Total interest from all sources	2011-12-31	$32,557
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$1,093,036
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$684,381
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$1,283,009
Participant contributions at end of year	2011-12-31	$672,630
Participant contributions at beginning of year	2011-12-31	$645,375
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$803,176
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$2,136,779
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$38,388,615
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$36,251,836
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$25,967,383
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$22,682,276
Interest on participant loans	2011-12-31	$32,557
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$1,678,916
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$2,205,035
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$2,205,035
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-900,672
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$10,069,686
Assets. Invements in employer securities at beginning of year	2011-12-31	$10,719,150
Contributions received in cash from employer	2011-12-31	$620,936
Income. Dividends from common stock	2011-12-31	$408,655
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,139,868
Contract administrator fees	2011-12-31	$7,216
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$860,999
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$1,282,882
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	MCSOLEY MCCOY & CO
Accountancy firm EIN	2011-12-31	030327374
2010 : THE MERCHANTS BANK 401(K) ESOP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$2,042,761
Total unrealized appreciation/depreciation of assets	2010-12-31	$2,042,761
Total income from all sources (including contributions)	2010-12-31	$7,197,542
Total loss/gain on sale of assets	2010-12-31	$-136,669
Total of all expenses incurred	2010-12-31	$1,334,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,327,576
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$2,302,307
Value of total assets at end of year	2010-12-31	$36,251,836
Value of total assets at beginning of year	2010-12-31	$30,388,482
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$6,612
Total interest from all sources	2010-12-31	$36,276
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$1,075,061
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$631,884
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,119,645
Participant contributions at end of year	2010-12-31	$645,375
Participant contributions at beginning of year	2010-12-31	$699,862
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$629,036
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$5,863,354
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$36,251,836
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$30,388,482
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$22,682,276
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$18,179,842
Interest on participant loans	2010-12-31	$36,024
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$2,205,035
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$2,322,299
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$2,322,299
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$252
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$1,877,806
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$10,719,150
Assets. Invements in employer securities at beginning of year	2010-12-31	$9,186,479
Contributions received in cash from employer	2010-12-31	$553,626
Income. Dividends from common stock	2010-12-31	$443,177
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,327,576
Contract administrator fees	2010-12-31	$6,612
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$238,860
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$375,529
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	MCSOLEY MCCOY & CO
Accountancy firm EIN	2010-12-31	030327374

Form 5500 Responses for THE MERCHANTS BANK 401(K) ESOP PLAN

2016: THE MERCHANTS BANK 401(K) ESOP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: THE MERCHANTS BANK 401(K) ESOP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: THE MERCHANTS BANK 401(K) ESOP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: THE MERCHANTS BANK 401(K) ESOP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: THE MERCHANTS BANK 401(K) ESOP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE MERCHANTS BANK 401(K) ESOP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: THE MERCHANTS BANK 401(K) ESOP PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: THE MERCHANTS BANK 401(K) ESOP PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE MERCHANTS BANK
Employer identification number (EIN):	030141230
NAIC Classification:	522110
NAIC Description:	Commercial Banking