401k Plan data: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT plan

SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 401k Plan overview

Plan Name	SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT
Plan identification number	001

SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BANK OF BOTETOURT has sponsored the creation of one or more 401k plans.

Company Name: BANK OF BOTETOURT

Employer identification number (EIN): 540132390

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about BANK OF BOTETOURT

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1901-09-27

Company Identification Number: 0000314

Legal Registered Office Address: MAIN STREET
P.O. BOX 905
BUCHANAN
United States of America (USA)
24066

More information about BANK OF BOTETOURT

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 MICHELLE CROOK 2020-07-23 MICHELLE CROOK 2020-07-23
001 2018-01-01 MICHELLE CROOK 2019-07-29 MICHELLE CROOK 2019-07-29
001 2017-01-01 MICHELLE CROOK 2018-07-30 MICHELLE CROOK 2018-07-30
001 2016-01-01 MICHELLE CROOK 2017-07-29 MICHELLE CROOK 2017-07-29
001 2015-01-01 MICHELLE CROOK 2016-07-26 MICHELLE CROOK 2016-07-26
001 2014-01-01 MICHELLE CROOK 2015-07-20 MICHELLE CROOK 2015-07-20
001 2013-10-01 MICHELLE CROOK 2014-07-17 MICHELLE CROOK 2014-07-17
001 2012-10-01 MICHELLE CROOK 2014-04-28
001 2011-10-01 MICHELLE CROOK 2013-04-26
001 2010-10-01 MICHELLE CROOK 2012-04-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01	MICHELLE CROOK	2020-07-23	MICHELLE CROOK	2020-07-23
001	2018-01-01	MICHELLE CROOK	2019-07-29	MICHELLE CROOK	2019-07-29
001	2017-01-01	MICHELLE CROOK	2018-07-30	MICHELLE CROOK	2018-07-30
001	2016-01-01	MICHELLE CROOK	2017-07-29	MICHELLE CROOK	2017-07-29
001	2015-01-01	MICHELLE CROOK	2016-07-26	MICHELLE CROOK	2016-07-26
001	2014-01-01	MICHELLE CROOK	2015-07-20	MICHELLE CROOK	2015-07-20
001	2013-10-01	MICHELLE CROOK	2014-07-17	MICHELLE CROOK	2014-07-17
001	2012-10-01	MICHELLE CROOK	2014-04-28
001	2011-10-01	MICHELLE CROOK	2013-04-26
001	2010-10-01	MICHELLE CROOK	2012-04-26

Plan Statistics for SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT

401k plan membership statisitcs for SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT

Measure Date Value
2022: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2022 401k membership
Market value of plan assets 2022-12-31 6,286,798
Acturial value of plan assets 2022-12-31 5,956,697
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 1,216,714
Number of terminated vested participants 2022-12-31 17
Fundng target for terminated vested participants 2022-12-31 291,359
Active participant vested funding target 2022-12-31 2,805,805
Number of active participants 2022-12-31 111
Total funding liabilities for active participants 2022-12-31 2,840,405
Total participant count 2022-12-31 133
Total funding target for all participants 2022-12-31 4,348,478
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 236,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 248,021
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 400,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 379,022
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 299,772
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 379,022
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 132
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 111
Number of retired or separated participants receiving benefits 2022-01-01 5
Number of other retired or separated participants entitled to future benefits 2022-01-01 10
Total of all active and inactive participants 2022-01-01 126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2021 401k membership
Market value of plan assets 2021-12-31 5,934,042
Acturial value of plan assets 2021-12-31 5,531,076
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 274,137
Number of terminated vested participants 2021-12-31 12
Fundng target for terminated vested participants 2021-12-31 96,999
Active participant vested funding target 2021-12-31 3,777,310
Number of active participants 2021-12-31 111
Total funding liabilities for active participants 2021-12-31 3,819,884
Total participant count 2021-12-31 127
Total funding target for all participants 2021-12-31 4,191,020
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 427,154
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 449,238
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 250,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 236,684
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 281,355
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 236,684
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 109
Number of retired or separated participants receiving benefits 2021-01-01 5
Number of other retired or separated participants entitled to future benefits 2021-01-01 16
Total of all active and inactive participants 2021-01-01 130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2
2020: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2020 401k membership
Market value of plan assets 2020-12-31 5,220,955
Acturial value of plan assets 2020-12-31 5,028,318
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 493,637
Number of terminated vested participants 2020-12-31 9
Fundng target for terminated vested participants 2020-12-31 81,188
Active participant vested funding target 2020-12-31 3,259,232
Number of active participants 2020-12-31 110
Total funding liabilities for active participants 2020-12-31 3,284,502
Total participant count 2020-12-31 124
Total funding target for all participants 2020-12-31 3,859,327
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 353,269
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 371,816
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 450,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 427,154
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 238,193
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 427,154
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 111
Number of retired or separated participants receiving benefits 2020-01-01 4
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 5
2019: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2019 401k membership
Market value of plan assets 2019-12-31 4,438,335
Acturial value of plan assets 2019-12-31 4,642,628
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 708,649
Number of terminated vested participants 2019-12-31 12
Fundng target for terminated vested participants 2019-12-31 84,385
Active participant vested funding target 2019-12-31 2,881,839
Number of active participants 2019-12-31 95
Total funding liabilities for active participants 2019-12-31 2,898,024
Total participant count 2019-12-31 112
Total funding target for all participants 2019-12-31 3,691,058
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 304,748
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 321,814
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 375,000
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 353,269
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 212,363
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 353,269
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2018 401k membership
Market value of plan assets 2018-12-31 4,633,184
Acturial value of plan assets 2018-12-31 4,395,960
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 228,509
Number of terminated vested participants 2018-12-31 8
Fundng target for terminated vested participants 2018-12-31 75,719
Active participant vested funding target 2018-12-31 3,095,606
Number of active participants 2018-12-31 95
Total funding liabilities for active participants 2018-12-31 3,139,905
Total participant count 2018-12-31 106
Total funding target for all participants 2018-12-31 3,444,133
Balance at beginning of prior year after applicable adjustments 2018-12-31 1,363,315
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 977,972
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 153,388
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 1,209,927
Amount remaining of prefunding balance 2018-12-31 977,972
Present value of excess contributions 2018-12-31 259,217
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 289,045
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 1,396,377
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 1,128,677
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 325,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 304,748
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 183,103
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 304,748
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2017 401k membership
Market value of plan assets 2017-12-31 3,896,327
Acturial value of plan assets 2017-12-31 3,953,221
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 43,023
Number of terminated vested participants 2017-12-31 3
Fundng target for terminated vested participants 2017-12-31 26,774
Active participant vested funding target 2017-12-31 2,946,048
Number of active participants 2017-12-31 93
Total funding liabilities for active participants 2017-12-31 2,973,251
Total participant count 2017-12-31 98
Total funding target for all participants 2017-12-31 3,043,048
Balance at beginning of prior year after applicable adjustments 2017-12-31 1,405,999
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 669,363
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 139,213
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 1,266,786
Amount remaining of prefunding balance 2017-12-31 669,363
Present value of excess contributions 2017-12-31 240,847
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 257,604
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 257,604
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 1,363,315
Balance of prefunding at beginning of current year 2017-12-31 977,972
Total employer contributions 2017-12-31 300,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 280,259
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 174,430
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 174,430
Carryover balance elected to use to offset funding requirement 2017-12-31 153,388
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 21,042
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 280,259
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2016 401k membership
Market value of plan assets 2016-12-31 3,590,884
Acturial value of plan assets 2016-12-31 3,771,585
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 43,948
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 21,407
Active participant vested funding target 2016-12-31 2,732,112
Number of active participants 2016-12-31 83
Total funding liabilities for active participants 2016-12-31 2,749,044
Total participant count 2016-12-31 87
Total funding target for all participants 2016-12-31 2,814,399
Balance at beginning of prior year after applicable adjustments 2016-12-31 1,405,999
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 488,945
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 1,405,999
Amount remaining of prefunding balance 2016-12-31 488,945
Present value of excess contributions 2016-12-31 169,949
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 180,418
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 180,418
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 1,405,999
Balance of prefunding at beginning of current year 2016-12-31 669,363
Total employer contributions 2016-12-31 285,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 267,446
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 165,812
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 165,812
Carryover balance elected to use to offset funding requirement 2016-12-31 139,213
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 26,599
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 267,446
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2022 401k membership
Market value of plan assets	2022-12-31	6,286,798
Acturial value of plan assets	2022-12-31	5,956,697
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	1,216,714
Number of terminated vested participants	2022-12-31	17
Fundng target for terminated vested participants	2022-12-31	291,359
Active participant vested funding target	2022-12-31	2,805,805
Number of active participants	2022-12-31	111
Total funding liabilities for active participants	2022-12-31	2,840,405
Total participant count	2022-12-31	133
Total funding target for all participants	2022-12-31	4,348,478
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	236,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	248,021
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	400,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	379,022
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	299,772
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	379,022
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	132
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	111
Number of retired or separated participants receiving benefits	2022-01-01	5
Number of other retired or separated participants entitled to future benefits	2022-01-01	10
Total of all active and inactive participants	2022-01-01	126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2021 401k membership
Market value of plan assets	2021-12-31	5,934,042
Acturial value of plan assets	2021-12-31	5,531,076
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	274,137
Number of terminated vested participants	2021-12-31	12
Fundng target for terminated vested participants	2021-12-31	96,999
Active participant vested funding target	2021-12-31	3,777,310
Number of active participants	2021-12-31	111
Total funding liabilities for active participants	2021-12-31	3,819,884
Total participant count	2021-12-31	127
Total funding target for all participants	2021-12-31	4,191,020
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	427,154
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	449,238
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	250,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	236,684
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	281,355
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	236,684
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	109
Number of retired or separated participants receiving benefits	2021-01-01	5
Number of other retired or separated participants entitled to future benefits	2021-01-01	16
Total of all active and inactive participants	2021-01-01	130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2
2020: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2020 401k membership
Market value of plan assets	2020-12-31	5,220,955
Acturial value of plan assets	2020-12-31	5,028,318
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	493,637
Number of terminated vested participants	2020-12-31	9
Fundng target for terminated vested participants	2020-12-31	81,188
Active participant vested funding target	2020-12-31	3,259,232
Number of active participants	2020-12-31	110
Total funding liabilities for active participants	2020-12-31	3,284,502
Total participant count	2020-12-31	124
Total funding target for all participants	2020-12-31	3,859,327
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	353,269
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	371,816
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	450,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	427,154
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	238,193
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	427,154
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	111
Number of retired or separated participants receiving benefits	2020-01-01	4
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	5
2019: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2019 401k membership
Market value of plan assets	2019-12-31	4,438,335
Acturial value of plan assets	2019-12-31	4,642,628
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	708,649
Number of terminated vested participants	2019-12-31	12
Fundng target for terminated vested participants	2019-12-31	84,385
Active participant vested funding target	2019-12-31	2,881,839
Number of active participants	2019-12-31	95
Total funding liabilities for active participants	2019-12-31	2,898,024
Total participant count	2019-12-31	112
Total funding target for all participants	2019-12-31	3,691,058
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	304,748
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	321,814
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	375,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	353,269
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	212,363
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	353,269
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2018 401k membership
Market value of plan assets	2018-12-31	4,633,184
Acturial value of plan assets	2018-12-31	4,395,960
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	228,509
Number of terminated vested participants	2018-12-31	8
Fundng target for terminated vested participants	2018-12-31	75,719
Active participant vested funding target	2018-12-31	3,095,606
Number of active participants	2018-12-31	95
Total funding liabilities for active participants	2018-12-31	3,139,905
Total participant count	2018-12-31	106
Total funding target for all participants	2018-12-31	3,444,133
Balance at beginning of prior year after applicable adjustments	2018-12-31	1,363,315
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	977,972
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	153,388
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	1,209,927
Amount remaining of prefunding balance	2018-12-31	977,972
Present value of excess contributions	2018-12-31	259,217
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	289,045
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	1,396,377
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	1,128,677
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	325,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	304,748
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	183,103
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	304,748
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2017 401k membership
Market value of plan assets	2017-12-31	3,896,327
Acturial value of plan assets	2017-12-31	3,953,221
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	43,023
Number of terminated vested participants	2017-12-31	3
Fundng target for terminated vested participants	2017-12-31	26,774
Active participant vested funding target	2017-12-31	2,946,048
Number of active participants	2017-12-31	93
Total funding liabilities for active participants	2017-12-31	2,973,251
Total participant count	2017-12-31	98
Total funding target for all participants	2017-12-31	3,043,048
Balance at beginning of prior year after applicable adjustments	2017-12-31	1,405,999
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	669,363
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	139,213
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	1,266,786
Amount remaining of prefunding balance	2017-12-31	669,363
Present value of excess contributions	2017-12-31	240,847
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	257,604
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	257,604
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	1,363,315
Balance of prefunding at beginning of current year	2017-12-31	977,972
Total employer contributions	2017-12-31	300,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	280,259
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	174,430
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	174,430
Carryover balance elected to use to offset funding requirement	2017-12-31	153,388
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	21,042
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	280,259
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 2016 401k membership
Market value of plan assets	2016-12-31	3,590,884
Acturial value of plan assets	2016-12-31	3,771,585
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	43,948
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	21,407
Active participant vested funding target	2016-12-31	2,732,112
Number of active participants	2016-12-31	83
Total funding liabilities for active participants	2016-12-31	2,749,044
Total participant count	2016-12-31	87
Total funding target for all participants	2016-12-31	2,814,399
Balance at beginning of prior year after applicable adjustments	2016-12-31	1,405,999
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	488,945
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	1,405,999
Amount remaining of prefunding balance	2016-12-31	488,945
Present value of excess contributions	2016-12-31	169,949
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	180,418
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	180,418
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	1,405,999
Balance of prefunding at beginning of current year	2016-12-31	669,363
Total employer contributions	2016-12-31	285,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	267,446
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	165,812
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	165,812
Carryover balance elected to use to offset funding requirement	2016-12-31	139,213
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	26,599
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	267,446
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Financial Data on SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT

Measure	Date	Value
2022 : SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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	$-914,627
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$558,537
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$535,165
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$400,000
Value of total assets at end of year	2022-12-31	$4,815,613
Value of total assets at beginning of year	2022-12-31	$6,288,777
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$23,372
Total interest from all sources	2022-12-31	$67
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$12,045
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$22,912
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
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	$-1,473,164
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,815,613
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$6,288,777
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
Investment advisory and management fees	2022-12-31	$460
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$4,658,725
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$6,031,272
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$6,888
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$7,505
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$7,505
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$67
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,326,739
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
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
Contributions received in cash from employer	2022-12-31	$400,000
Employer contributions (assets) at end of year	2022-12-31	$150,000
Employer contributions (assets) at beginning of year	2022-12-31	$250,000
Income. Dividends from common stock	2022-12-31	$12,045
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$535,165
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	YOUNT HYDE & BARBOUR, PC
Accountancy firm EIN	2022-12-31	541149263
2021 : SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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	$883,736
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$530,218
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$506,311
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$250,000
Value of total assets at end of year	2021-12-31	$6,288,777
Value of total assets at beginning of year	2021-12-31	$5,935,259
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$23,907
Total interest from all sources	2021-12-31	$52
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$14,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$24,294
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
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	$353,518
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$6,288,777
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$5,935,259
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
Investment advisory and management fees	2021-12-31	$-387
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$6,031,272
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$5,783,605
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$7,505
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$1,654
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$1,654
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$52
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$619,001
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
Contributions received in cash from employer	2021-12-31	$250,000
Employer contributions (assets) at end of year	2021-12-31	$250,000
Employer contributions (assets) at beginning of year	2021-12-31	$150,000
Income. Dividends from common stock	2021-12-31	$14,683
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$506,311
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	Disclaimer
Accountancy firm name	2021-12-31	YOUNT HYDE & BARBOUR, PC
Accountancy firm EIN	2021-12-31	541149263
2020 : SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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	$4,489
Total income from all sources (including contributions)	2020-12-31	$1,087,414
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$376,294
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$348,692
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$450,000
Value of total assets at end of year	2020-12-31	$5,935,259
Value of total assets at beginning of year	2020-12-31	$5,228,628
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$27,602
Total interest from all sources	2020-12-31	$6
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$33,746
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	$33,746
Administrative expenses professional fees incurred	2020-12-31	$21,118
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$1,910
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$4,489
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	$4,489
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	$711,120
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$5,935,259
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$5,224,139
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
Investment advisory and management fees	2020-12-31	$6,484
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$5,783,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$4,847,229
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$1,654
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$6
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$603,662
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
Contributions received in cash from employer	2020-12-31	$450,000
Employer contributions (assets) at end of year	2020-12-31	$150,000
Employer contributions (assets) at beginning of year	2020-12-31	$375,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$348,692
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	Disclaimer
Accountancy firm name	2020-12-31	YOUNT HYDE & BARBOUR, PC
Accountancy firm EIN	2020-12-31	541149263

Form 5500 Responses for SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT

2022: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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: SBA CASH BALANCE PENSION PLAN FOR BANK OF BOTETOURT 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

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Company Name:	BANK OF BOTETOURT
Employer identification number (EIN):	540132390
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1901-09-27
Company Identification Number:	0000314
Legal Registered Office Address:	MAIN STREET P.O. BOX 905 BUCHANAN United States of America (USA) 24066