PRIMIS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK
| Measure | Date | Value |
|---|
| 2023 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $10,241,109 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $3,436,824 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $3,221,914 |
| Value of total corrective distributions | 2023-12-31 | $3,657 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $5,112,790 |
| Value of total assets at end of year | 2023-12-31 | $36,298,762 |
| Value of total assets at beginning of year | 2023-12-31 | $29,494,477 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $211,253 |
| Total interest from all sources | 2023-12-31 | $28,308 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $218,942 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $218,942 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $2,937,629 |
| Participant contributions at end of year | 2023-12-31 | $495,126 |
| Participant contributions at beginning of year | 2023-12-31 | $465,927 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $526,215 |
| Other income not declared elsewhere | 2023-12-31 | $1,606 |
| Administrative expenses (other) incurred | 2023-12-31 | $1,450 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $6,804,285 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $36,298,762 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $29,494,477 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $76,085 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $7,313,017 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $7,190,533 |
| Interest on participant loans | 2023-12-31 | $28,308 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $27,126,842 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $20,366,437 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,368,559 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $3,510,904 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Assets. Invements in employer securities at end of year | 2023-12-31 | $1,363,777 |
| Assets. Invements in employer securities at beginning of year | 2023-12-31 | $1,471,580 |
| Contributions received in cash from employer | 2023-12-31 | $1,648,946 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $3,221,914 |
| Contract administrator fees | 2023-12-31 | $133,718 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | FORVIS MAZARS, LLP |
| Accountancy firm EIN | 2023-12-31 | 440160260 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $10,241,109 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $3,436,824 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $3,221,914 |
| Value of total corrective distributions | 2023-01-01 | $3,657 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $5,112,790 |
| Value of total assets at end of year | 2023-01-01 | $36,298,762 |
| Value of total assets at beginning of year | 2023-01-01 | $29,494,477 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $211,253 |
| Total interest from all sources | 2023-01-01 | $28,308 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $218,942 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $218,942 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $2,937,629 |
| Participant contributions at end of year | 2023-01-01 | $495,126 |
| Participant contributions at beginning of year | 2023-01-01 | $465,927 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $526,215 |
| Other income not declared elsewhere | 2023-01-01 | $1,606 |
| Administrative expenses (other) incurred | 2023-01-01 | $1,450 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $6,804,285 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $36,298,762 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $29,494,477 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $76,085 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $7,313,017 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $7,190,533 |
| Interest on participant loans | 2023-01-01 | $28,308 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $27,126,842 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $20,366,437 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,368,559 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $3,510,904 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Assets. Invements in employer securities at end of year | 2023-01-01 | $1,363,777 |
| Assets. Invements in employer securities at beginning of year | 2023-01-01 | $1,471,580 |
| Contributions received in cash from employer | 2023-01-01 | $1,648,946 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $3,221,914 |
| Contract administrator fees | 2023-01-01 | $133,718 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | FORVIS MAZARS, LLP |
| Accountancy firm EIN | 2023-01-01 | 440160260 |
| 2022 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-810,756 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $2,482,601 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,300,081 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $4,539,423 |
| Value of total assets at end of year | 2022-12-31 | $29,494,477 |
| Value of total assets at beginning of year | 2022-12-31 | $32,787,834 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $182,520 |
| Total interest from all sources | 2022-12-31 | $17,701 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $-76,714 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $232,906 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $2,259,894 |
| Participant contributions at end of year | 2022-12-31 | $465,927 |
| Participant contributions at beginning of year | 2022-12-31 | $508,581 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,025,866 |
| Other income not declared elsewhere | 2022-12-31 | $685 |
| Administrative expenses (other) incurred | 2022-12-31 | $182,520 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-3,293,357 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $29,494,477 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $32,787,834 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $7,190,533 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $29,770,369 |
| Interest on participant loans | 2022-12-31 | $17,701 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $20,366,437 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $795,988 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,873,308 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-3,418,543 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Assets. Invements in employer securities at end of year | 2022-12-31 | $1,471,580 |
| Assets. Invements in employer securities at beginning of year | 2022-12-31 | $1,712,896 |
| Contributions received in cash from employer | 2022-12-31 | $1,253,663 |
| Income. Dividends from common stock | 2022-12-31 | $-309,620 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,300,081 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | FORVIS, LLP |
| Accountancy firm EIN | 2022-12-31 | 440160260 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-810,756 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $2,482,601 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $2,300,081 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $4,539,423 |
| Value of total assets at end of year | 2022-01-01 | $29,494,477 |
| Value of total assets at beginning of year | 2022-01-01 | $32,787,834 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $182,520 |
| Total interest from all sources | 2022-01-01 | $17,701 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $-76,714 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $232,906 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $2,259,894 |
| Participant contributions at end of year | 2022-01-01 | $465,927 |
| Participant contributions at beginning of year | 2022-01-01 | $508,581 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $1,025,866 |
| Other income not declared elsewhere | 2022-01-01 | $685 |
| Administrative expenses (other) incurred | 2022-01-01 | $182,520 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-3,293,357 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $29,494,477 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $32,787,834 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $7,190,533 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $29,770,369 |
| Interest on participant loans | 2022-01-01 | $17,701 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $20,366,437 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $795,988 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,873,308 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $-3,418,543 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Assets. Invements in employer securities at end of year | 2022-01-01 | $1,471,580 |
| Assets. Invements in employer securities at beginning of year | 2022-01-01 | $1,712,896 |
| Contributions received in cash from employer | 2022-01-01 | $1,253,663 |
| Income. Dividends from common stock | 2022-01-01 | $-309,620 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $2,300,081 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | FORVIS, LLP |
| Accountancy firm EIN | 2022-01-01 | 440160260 |
| 2021 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $7,446,935 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $2,404,784 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,218,739 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $3,424,067 |
| Value of total assets at end of year | 2021-12-31 | $32,787,834 |
| Value of total assets at beginning of year | 2021-12-31 | $27,745,683 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $186,045 |
| Total interest from all sources | 2021-12-31 | $21,389 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $1,309,448 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $1,008,958 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $1,819,598 |
| Participant contributions at end of year | 2021-12-31 | $508,581 |
| Participant contributions at beginning of year | 2021-12-31 | $548,803 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $609,877 |
| Other income not declared elsewhere | 2021-12-31 | $497 |
| Administrative expenses (other) incurred | 2021-12-31 | $186,045 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $5,042,151 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $32,787,834 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $27,745,683 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $29,770,369 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $25,395,415 |
| Interest on participant loans | 2021-12-31 | $21,389 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $795,988 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $663,816 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $2,612,685 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $78,849 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Assets. Invements in employer securities at end of year | 2021-12-31 | $1,712,896 |
| Assets. Invements in employer securities at beginning of year | 2021-12-31 | $1,137,649 |
| Contributions received in cash from employer | 2021-12-31 | $994,592 |
| Income. Dividends from common stock | 2021-12-31 | $300,490 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,218,739 |
| Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | FORVIS, LLP |
| Accountancy firm EIN | 2021-12-31 | 440160260 |
| 2020 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $5,278,861 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $3,996,591 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $3,919,891 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $2,486,592 |
| Value of total assets at end of year | 2020-12-31 | $27,745,683 |
| Value of total assets at beginning of year | 2020-12-31 | $26,463,413 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $76,700 |
| Total interest from all sources | 2020-12-31 | $27,917 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $676,626 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $676,626 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $1,367,740 |
| Participant contributions at end of year | 2020-12-31 | $548,803 |
| Participant contributions at beginning of year | 2020-12-31 | $634,036 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $323,852 |
| Other income not declared elsewhere | 2020-12-31 | $0 |
| Administrative expenses (other) incurred | 2020-12-31 | $76,700 |
| Total non interest bearing cash at end of year | 2020-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $424 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,282,270 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $27,745,683 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $26,463,413 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $25,395,415 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $18,987,566 |
| Interest on participant loans | 2020-12-31 | $27,917 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $663,816 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $5,531,293 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $2,060,250 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $27,476 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Assets. Invements in employer securities at end of year | 2020-12-31 | $1,137,649 |
| Assets. Invements in employer securities at beginning of year | 2020-12-31 | $1,310,094 |
| Contributions received in cash from employer | 2020-12-31 | $795,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $3,919,891 |
| 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 | 2020-12-31 | Yes |
| Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2020-12-31 | 560747981 |
| 2019 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $247,225 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $247,225 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $6,589,353 |
| Total loss/gain on sale of assets | 2019-12-31 | $32,153 |
| Total of all expenses incurred | 2019-12-31 | $3,428,304 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $3,398,226 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,981,870 |
| Value of total assets at end of year | 2019-12-31 | $26,463,413 |
| Value of total assets at beginning of year | 2019-12-31 | $23,302,364 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $30,078 |
| Total interest from all sources | 2019-12-31 | $28,038 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $772,980 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $772,980 |
| Administrative expenses professional fees incurred | 2019-12-31 | $30,078 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $1,247,375 |
| Participant contributions at end of year | 2019-12-31 | $634,036 |
| Participant contributions at beginning of year | 2019-12-31 | $582,436 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $28,882 |
| Total non interest bearing cash at end of year | 2019-12-31 | $424 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $3,161,049 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $26,463,413 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $23,302,364 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $18,987,566 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $15,876,471 |
| Interest on participant loans | 2019-12-31 | $28,038 |
| Value of interest in common/collective trusts at end of year | 2019-12-31 | $5,531,293 |
| Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $5,712,687 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $3,180,757 |
| Net investment gain or loss from common/collective trusts | 2019-12-31 | $346,330 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Assets. Invements in employer securities at end of year | 2019-12-31 | $1,310,094 |
| Assets. Invements in employer securities at beginning of year | 2019-12-31 | $1,130,770 |
| Contributions received in cash from employer | 2019-12-31 | $705,613 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,398,226 |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Aggregate proceeds on sale of assets | 2019-12-31 | $243,235 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $211,082 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
| Accountancy firm name | 2019-12-31 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2019-12-31 | 560747981 |
| 2018 : SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK 2018 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2018-12-31 | $232,343 |
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $232,343 |
| Total transfer of assets to this plan | 2018-12-31 | $5,828,263 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total income from all sources (including contributions) | 2018-12-31 | $730,574 |
| Total loss/gain on sale of assets | 2018-12-31 | $18,936 |
| Total of all expenses incurred | 2018-12-31 | $2,236,002 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $2,207,320 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $2,321,908 |
| Value of total assets at end of year | 2018-12-31 | $23,302,364 |
| Value of total assets at beginning of year | 2018-12-31 | $18,979,529 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $28,682 |
| Total interest from all sources | 2018-12-31 | $28,567 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $1,116,693 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $1,116,693 |
| Administrative expenses professional fees incurred | 2018-12-31 | $11,473 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $1,318,306 |
| Participant contributions at end of year | 2018-12-31 | $582,436 |
| Participant contributions at beginning of year | 2018-12-31 | $580,737 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $233,060 |
| Total non interest bearing cash at beginning of year | 2018-12-31 | $150,007 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-1,505,428 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $23,302,364 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $18,979,529 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Investment advisory and management fees | 2018-12-31 | $17,209 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $15,876,471 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $13,130,483 |
| Interest on participant loans | 2018-12-31 | $28,567 |
| Value of interest in common/collective trusts at end of year | 2018-12-31 | $5,712,687 |
| Value of interest in common/collective trusts at beginning of year | 2018-12-31 | $5,116,095 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-3,608,652 |
| Net investment gain or loss from common/collective trusts | 2018-12-31 | $620,779 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Assets. Invements in employer securities at end of year | 2018-12-31 | $1,130,770 |
| Contributions received in cash from employer | 2018-12-31 | $770,542 |
| Employer contributions (assets) at beginning of year | 2018-12-31 | $2,207 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $2,207,320 |
| Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Aggregate proceeds on sale of assets | 2018-12-31 | $50,278 |
| Aggregate carrying amount (costs) on sale of assets | 2018-12-31 | $31,342 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
| Accountancy firm name | 2018-12-31 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2018-12-31 | 560747981 |
