401k Plan data: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN plan

THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Profit-sharing Stock bonus

401k Sponsoring company profile

THE PEOPLES BANKSHARES LTD. has sponsored the creation of one or more 401k plans.

Company Name: THE PEOPLES BANKSHARES LTD.

Employer identification number (EIN): 480851090

NAIC Classification: 551111
NAIC Description: Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01 DAVID MACE JOHN LOOMIS 2019-07-02
002 2017-01-01 DAVID MACE FREDERICK LOOMIS 2018-07-19
002 2016-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2017-07-27
002 2015-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2016-07-25
002 2014-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2015-07-24
002 2013-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2014-07-24
002 2012-01-01 DAVID MACE FREDERICK LOOMIS 2013-08-06
002 2011-01-01 DAVID MACE FREDERICK LOOMIS 2012-07-19

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01	DAVID MACE	JOHN LOOMIS	2019-07-02
002	2017-01-01	DAVID MACE	FREDERICK LOOMIS	2018-07-19
002	2016-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2017-07-27
002	2015-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2016-07-25
002	2014-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2015-07-24
002	2013-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2014-07-24
002	2012-01-01	DAVID MACE	FREDERICK LOOMIS	2013-08-06
002	2011-01-01	DAVID MACE	FREDERICK LOOMIS	2012-07-19

Plan Statistics for THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 80
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 12
Total of all active and inactive participants 2022-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 92
Number of participants with account balances 2022-01-01 92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 88
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 11
Total of all active and inactive participants 2021-01-01 99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 99
Number of participants with account balances 2021-01-01 99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 89
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 9
Total of all active and inactive participants 2020-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 98
Number of participants with account balances 2020-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 74
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 14
Total of all active and inactive participants 2019-01-01 88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 89
Number of participants with account balances 2019-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 102
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 77
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 12
Total of all active and inactive participants 2018-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 89
Number of participants with account balances 2018-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 97
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 77
Number of retired or separated participants receiving benefits 2017-01-01 6
Number of other retired or separated participants entitled to future benefits 2017-01-01 16
Total of all active and inactive participants 2017-01-01 99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 3
Total participants 2017-01-01 102
Number of participants with account balances 2017-01-01 102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 1
2016: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 77
Number of retired or separated participants receiving benefits 2016-01-01 4
Number of other retired or separated participants entitled to future benefits 2016-01-01 12
Total of all active and inactive participants 2016-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 4
Total participants 2016-01-01 97
Number of participants with account balances 2016-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 1
2015: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 75
Number of retired or separated participants receiving benefits 2015-01-01 3
Number of other retired or separated participants entitled to future benefits 2015-01-01 12
Total of all active and inactive participants 2015-01-01 90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 4
Total participants 2015-01-01 94
Number of participants with account balances 2015-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 2
2014: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 75
Number of retired or separated participants receiving benefits 2014-01-01 3
Number of other retired or separated participants entitled to future benefits 2014-01-01 16
Total of all active and inactive participants 2014-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 95
Number of participants with account balances 2014-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 3
2013: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 76
Number of retired or separated participants receiving benefits 2013-01-01 3
Number of other retired or separated participants entitled to future benefits 2013-01-01 10
Total of all active and inactive participants 2013-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 90
Number of participants with account balances 2013-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 76
Number of retired or separated participants receiving benefits 2012-01-01 11
Number of other retired or separated participants entitled to future benefits 2012-01-01 9
Total of all active and inactive participants 2012-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 2
Total participants 2012-01-01 98
Number of participants with account balances 2012-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 99
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 76
Number of retired or separated participants receiving benefits 2011-01-01 16
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 2
Total participants 2011-01-01 94
Number of participants with account balances 2011-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2

Measure	Date	Value
2022: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	80
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	12
Total of all active and inactive participants	2022-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	92
Number of participants with account balances	2022-01-01	92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	88
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	11
Total of all active and inactive participants	2021-01-01	99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	99
Number of participants with account balances	2021-01-01	99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	89
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	9
Total of all active and inactive participants	2020-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	98
Number of participants with account balances	2020-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	74
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	14
Total of all active and inactive participants	2019-01-01	88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	89
Number of participants with account balances	2019-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	102
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	77
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	12
Total of all active and inactive participants	2018-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	89
Number of participants with account balances	2018-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	97
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	77
Number of retired or separated participants receiving benefits	2017-01-01	6
Number of other retired or separated participants entitled to future benefits	2017-01-01	16
Total of all active and inactive participants	2017-01-01	99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	3
Total participants	2017-01-01	102
Number of participants with account balances	2017-01-01	102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	1
2016: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	77
Number of retired or separated participants receiving benefits	2016-01-01	4
Number of other retired or separated participants entitled to future benefits	2016-01-01	12
Total of all active and inactive participants	2016-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	4
Total participants	2016-01-01	97
Number of participants with account balances	2016-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	1
2015: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	75
Number of retired or separated participants receiving benefits	2015-01-01	3
Number of other retired or separated participants entitled to future benefits	2015-01-01	12
Total of all active and inactive participants	2015-01-01	90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	4
Total participants	2015-01-01	94
Number of participants with account balances	2015-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	2
2014: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	75
Number of retired or separated participants receiving benefits	2014-01-01	3
Number of other retired or separated participants entitled to future benefits	2014-01-01	16
Total of all active and inactive participants	2014-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	95
Number of participants with account balances	2014-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	3
2013: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	76
Number of retired or separated participants receiving benefits	2013-01-01	3
Number of other retired or separated participants entitled to future benefits	2013-01-01	10
Total of all active and inactive participants	2013-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	90
Number of participants with account balances	2013-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	76
Number of retired or separated participants receiving benefits	2012-01-01	11
Number of other retired or separated participants entitled to future benefits	2012-01-01	9
Total of all active and inactive participants	2012-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	2
Total participants	2012-01-01	98
Number of participants with account balances	2012-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	99
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	76
Number of retired or separated participants receiving benefits	2011-01-01	16
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	2
Total participants	2011-01-01	94
Number of participants with account balances	2011-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2

Financial Data on THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$1,150,857
Expenses. Total of all expenses incurred	2022-12-31	$382,453
Benefits paid (including direct rollovers)	2022-12-31	$382,453
Total plan assets at end of year	2022-12-31	$7,187,919
Total plan assets at beginning of year	2022-12-31	$6,419,515
Value of fidelity bond covering the plan	2022-12-31	$1,000,000
Other income received	2022-12-31	$859,782
Net income (gross income less expenses)	2022-12-31	$768,404
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$7,187,919
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$6,419,515
Assets. Value of employer securities	2022-12-31	$6,605,040
Total contributions received or receivable from employer(s)	2022-12-31	$291,075
2021 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$2,110,448
Expenses. Total of all expenses incurred	2021-12-31	$746,231
Benefits paid (including direct rollovers)	2021-12-31	$746,231
Total plan assets at end of year	2021-12-31	$6,419,515
Total plan assets at beginning of year	2021-12-31	$5,055,298
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Other income received	2021-12-31	$1,742,681
Net income (gross income less expenses)	2021-12-31	$1,364,217
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$6,419,515
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$5,055,298
Assets. Value of employer securities	2021-12-31	$5,901,050
Total contributions received or receivable from employer(s)	2021-12-31	$367,767
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-1,164,814
Expenses. Total of all expenses incurred	2020-12-31	$727,284
Benefits paid (including direct rollovers)	2020-12-31	$727,284
Total plan assets at end of year	2020-12-31	$5,055,298
Total plan assets at beginning of year	2020-12-31	$6,947,396
Value of fidelity bond covering the plan	2020-12-31	$1,000,000
Other income received	2020-12-31	$-1,417,242
Net income (gross income less expenses)	2020-12-31	$-1,892,098
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$5,055,298
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$6,947,396
Assets. Value of employer securities	2020-12-31	$4,301,700
Total contributions received or receivable from employer(s)	2020-12-31	$252,428
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$465,209
2019 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$1,482,455
Expenses. Total of all expenses incurred	2019-12-31	$976,334
Benefits paid (including direct rollovers)	2019-12-31	$976,334
Total plan assets at end of year	2019-12-31	$6,947,396
Total plan assets at beginning of year	2019-12-31	$6,441,275
Value of fidelity bond covering the plan	2019-12-31	$1,000,000
Other income received	2019-12-31	$1,293,537
Net income (gross income less expenses)	2019-12-31	$506,121
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$6,947,396
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$6,441,275
Assets. Value of employer securities	2019-12-31	$6,222,691
Total contributions received or receivable from employer(s)	2019-12-31	$188,918
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$20,414
Expenses. Total of all expenses incurred	2018-12-31	$2,212,362
Benefits paid (including direct rollovers)	2018-12-31	$2,212,362
Total plan assets at end of year	2018-12-31	$6,441,275
Total plan assets at beginning of year	2018-12-31	$8,633,223
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Other income received	2018-12-31	$-250,330
Net income (gross income less expenses)	2018-12-31	$-2,191,948
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$6,441,275
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$8,633,223
Assets. Value of employer securities	2018-12-31	$6,012,476
Total contributions received or receivable from employer(s)	2018-12-31	$270,744
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$968,332
Expenses. Total of all expenses incurred	2017-12-31	$225,348
Benefits paid (including direct rollovers)	2017-12-31	$225,348
Total plan assets at end of year	2017-12-31	$8,633,223
Total plan assets at beginning of year	2017-12-31	$7,890,239
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Other income received	2017-12-31	$968,332
Net income (gross income less expenses)	2017-12-31	$742,984
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$8,633,223
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$7,890,239
Assets. Value of employer securities	2017-12-31	$7,589,250
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$1,510,042
Expenses. Total of all expenses incurred	2016-12-31	$47,824
Benefits paid (including direct rollovers)	2016-12-31	$47,824
Total plan assets at end of year	2016-12-31	$7,890,239
Total plan assets at beginning of year	2016-12-31	$6,428,021
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Other income received	2016-12-31	$1,399,410
Net income (gross income less expenses)	2016-12-31	$1,462,218
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$7,890,239
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$6,428,021
Assets. Value of employer securities	2016-12-31	$6,945,979
Total contributions received or receivable from employer(s)	2016-12-31	$110,632
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$521,785
Expenses. Total of all expenses incurred	2015-12-31	$136,582
Benefits paid (including direct rollovers)	2015-12-31	$136,582
Total plan assets at end of year	2015-12-31	$6,428,021
Total plan assets at beginning of year	2015-12-31	$6,042,818
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Other income received	2015-12-31	$343,546
Net income (gross income less expenses)	2015-12-31	$385,203
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$6,428,021
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$6,042,818
Assets. Value of employer securities	2015-12-31	$5,528,614
Total contributions received or receivable from employer(s)	2015-12-31	$178,239
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$578,769
Expenses. Total of all expenses incurred	2014-12-31	$158,425
Benefits paid (including direct rollovers)	2014-12-31	$158,425
Total plan assets at end of year	2014-12-31	$6,042,818
Total plan assets at beginning of year	2014-12-31	$5,622,474
Other income received	2014-12-31	$411,106
Net income (gross income less expenses)	2014-12-31	$420,344
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$6,042,818
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,622,474
Assets. Value of employer securities	2014-12-31	$4,983,700
Total contributions received or receivable from employer(s)	2014-12-31	$167,663
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$318,405
Expenses. Total of all expenses incurred	2013-12-31	$142,395
Benefits paid (including direct rollovers)	2013-12-31	$142,395
Total plan assets at end of year	2013-12-31	$5,622,474
Total plan assets at beginning of year	2013-12-31	$5,446,464
Value of fidelity bond covering the plan	2013-12-31	$4,750,000
Other income received	2013-12-31	$157,044
Net income (gross income less expenses)	2013-12-31	$176,010
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$5,622,474
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$5,446,464
Assets. Value of employer securities	2013-12-31	$5,029,452
Total contributions received or receivable from employer(s)	2013-12-31	$161,361
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$478,802
Expenses. Total of all expenses incurred	2012-12-31	$2,486,842
Benefits paid (including direct rollovers)	2012-12-31	$2,486,842
Total plan assets at end of year	2012-12-31	$5,446,464
Total plan assets at beginning of year	2012-12-31	$7,454,504
Value of fidelity bond covering the plan	2012-12-31	$4,750,000
Other income received	2012-12-31	$330,181
Net income (gross income less expenses)	2012-12-31	$-2,008,040
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$5,446,464
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$7,454,504
Assets. Value of employer securities	2012-12-31	$5,024,774
Total contributions received or receivable from employer(s)	2012-12-31	$148,621
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$-55,985
Expenses. Total of all expenses incurred	2011-12-31	$298,530
Benefits paid (including direct rollovers)	2011-12-31	$298,530
Total plan assets at end of year	2011-12-31	$7,454,504
Total plan assets at beginning of year	2011-12-31	$7,809,019
Value of fidelity bond covering the plan	2011-12-31	$4,750,000
Other income received	2011-12-31	$-237,779
Net income (gross income less expenses)	2011-12-31	$-354,515
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$7,454,504
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$7,809,019
Assets. Value of employer securities	2011-12-31	$6,840,064
Total contributions received or receivable from employer(s)	2011-12-31	$181,794
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$807,510
Expenses. Total of all expenses incurred	2010-12-31	$90,101
Benefits paid (including direct rollovers)	2010-12-31	$90,101
Total plan assets at end of year	2010-12-31	$7,809,019
Total plan assets at beginning of year	2010-12-31	$7,091,610
Other income received	2010-12-31	$618,335
Net income (gross income less expenses)	2010-12-31	$717,409
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$7,809,019
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$7,091,610
Assets. Value of employer securities	2010-12-31	$6,857,136
Total contributions received or receivable from employer(s)	2010-12-31	$189,175
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN

2022: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE PEOPLES BANKSHARES LTD. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE PEOPLES BANKSHARES LTD.
Employer identification number (EIN):	480851090
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies