401k Plan data: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX plan

SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 401k Plan overview

Plan Name	SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX
Plan identification number	001

SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 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).
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.

401k Sponsoring company profile

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

Company Name: FARMERS BANK OF APPOMATTOX

Employer identification number (EIN): 540208150

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 KATHERINE KRAINCE 2023-07-20 KATHERINE KRAINCE 2023-07-20
001 2021-01-01 KATHERINE KRAINCE 2022-07-20 KATHERINE KRAINCE 2022-07-20
001 2020-01-01 KATHERINE KRAINCE 2021-09-09 KATHERINE KRAINCE 2021-09-09
001 2019-01-01 KATHERINE KRAINCE 2020-07-23 KATHERINE KRAINCE 2020-07-23
001 2018-01-01 KATHERINE KRAINCE 2019-07-24 KATHERINE KRAINCE 2019-07-24
001 2017-01-01 KATHERINE KRAINCE 2018-07-25 KATHERINE KRAINCE 2018-07-25
001 2016-01-01 KATHERINE KRAINCE 2017-07-25 KATHERINE KRAINCE 2017-07-25
001 2015-01-01 KATHERINE KRAINCE 2016-07-25 KATHERINE KRAINCE 2016-07-25
001 2014-01-01 KATHERINE KRAINCE 2015-07-20 KATHERINE KRAINCE 2015-07-20
001 2013-01-01 KATHERINE KRAINCE 2014-06-30 KATHERINE KRAINCE 2014-06-30
001 2012-01-01 KATHERINE KRAINCE 2013-07-26
001 2011-10-01 KATHERINE KRAINCE 2012-07-26
001 2010-10-01 KATHERINE KRAINCE 2012-04-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	KATHERINE KRAINCE	2023-07-20	KATHERINE KRAINCE	2023-07-20
001	2021-01-01	KATHERINE KRAINCE	2022-07-20	KATHERINE KRAINCE	2022-07-20
001	2020-01-01	KATHERINE KRAINCE	2021-09-09	KATHERINE KRAINCE	2021-09-09
001	2019-01-01	KATHERINE KRAINCE	2020-07-23	KATHERINE KRAINCE	2020-07-23
001	2018-01-01	KATHERINE KRAINCE	2019-07-24	KATHERINE KRAINCE	2019-07-24
001	2017-01-01	KATHERINE KRAINCE	2018-07-25	KATHERINE KRAINCE	2018-07-25
001	2016-01-01	KATHERINE KRAINCE	2017-07-25	KATHERINE KRAINCE	2017-07-25
001	2015-01-01	KATHERINE KRAINCE	2016-07-25	KATHERINE KRAINCE	2016-07-25
001	2014-01-01	KATHERINE KRAINCE	2015-07-20	KATHERINE KRAINCE	2015-07-20
001	2013-01-01	KATHERINE KRAINCE	2014-06-30	KATHERINE KRAINCE	2014-06-30
001	2012-01-01	KATHERINE KRAINCE	2013-07-26
001	2011-10-01	KATHERINE KRAINCE	2012-07-26
001	2010-10-01	KATHERINE KRAINCE	2012-04-18

Plan Statistics for SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX

401k plan membership statisitcs for SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX

Measure Date Value
2022: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2022 401k membership
Market value of plan assets 2022-12-31 7,533,962
Acturial value of plan assets 2022-12-31 7,292,605
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 263,249
Number of terminated vested participants 2022-12-31 6
Fundng target for terminated vested participants 2022-12-31 588,307
Active participant vested funding target 2022-12-31 3,317,282
Number of active participants 2022-12-31 30
Total funding liabilities for active participants 2022-12-31 3,317,282
Total participant count 2022-12-31 39
Total funding target for all participants 2022-12-31 4,168,838
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 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
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 0
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 0
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 2022-12-31 126,494
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 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2021 401k membership
Market value of plan assets 2021-12-31 7,386,032
Acturial value of plan assets 2021-12-31 6,903,630
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 216,776
Number of terminated vested participants 2021-12-31 4
Fundng target for terminated vested participants 2021-12-31 128,123
Active participant vested funding target 2021-12-31 3,951,974
Number of active participants 2021-12-31 35
Total funding liabilities for active participants 2021-12-31 3,951,974
Total participant count 2021-12-31 41
Total funding target for all participants 2021-12-31 4,296,873
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 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
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 0
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 0
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 2021-12-31 142,060
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 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2020 401k membership
Market value of plan assets 2020-12-31 6,839,116
Acturial value of plan assets 2020-12-31 6,651,077
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 218,622
Number of terminated vested participants 2020-12-31 3
Fundng target for terminated vested participants 2020-12-31 118,719
Active participant vested funding target 2020-12-31 3,713,313
Number of active participants 2020-12-31 38
Total funding liabilities for active participants 2020-12-31 3,713,313
Total participant count 2020-12-31 43
Total funding target for all participants 2020-12-31 4,050,654
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 2020-12-31 478,159
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 503,071
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 0
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 0
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 2020-12-31 124,793
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 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2019 401k membership
Market value of plan assets 2019-12-31 5,689,272
Acturial value of plan assets 2019-12-31 5,942,106
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 325,310
Number of terminated vested participants 2019-12-31 1
Fundng target for terminated vested participants 2019-12-31 4,324
Active participant vested funding target 2019-12-31 3,447,924
Number of active participants 2019-12-31 42
Total funding liabilities for active participants 2019-12-31 3,529,994
Total participant count 2019-12-31 46
Total funding target for all participants 2019-12-31 3,859,628
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 2019-12-31 475,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 500,864
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 2019-12-31 500,000
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 2019-12-31 478,159
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 2019-12-31 123,044
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 2019-12-31 478,159
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 THE FARMERS BANK OF APPOMATTOX 2018 401k membership
Market value of plan assets 2018-12-31 5,539,235
Acturial value of plan assets 2018-12-31 5,401,785
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 427,891
Number of terminated vested participants 2018-12-31 3
Fundng target for terminated vested participants 2018-12-31 35,582
Active participant vested funding target 2018-12-31 3,054,324
Number of active participants 2018-12-31 43
Total funding liabilities for active participants 2018-12-31 3,172,662
Total participant count 2018-12-31 49
Total funding target for all participants 2018-12-31 3,636,135
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 1,859,242
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 131,561
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 1,727,681
Present value of excess contributions 2018-12-31 401,545
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 431,492
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 1,922,045
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 2018-12-31 500,000
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 2018-12-31 475,248
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 2018-12-31 131,358
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 2018-12-31 475,248
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 THE FARMERS BANK OF APPOMATTOX 2017 401k membership
Market value of plan assets 2017-12-31 4,828,042
Acturial value of plan assets 2017-12-31 4,940,283
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 39,233
Number of terminated vested participants 2017-12-31 3
Fundng target for terminated vested participants 2017-12-31 206,843
Active participant vested funding target 2017-12-31 2,995,446
Number of active participants 2017-12-31 47
Total funding liabilities for active participants 2017-12-31 3,158,844
Total participant count 2017-12-31 52
Total funding target for all participants 2017-12-31 3,404,920
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 1,465,771
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 118,676
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 1,347,095
Present value of excess contributions 2017-12-31 411,857
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 435,632
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 435,632
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 0
Balance of prefunding at beginning of current year 2017-12-31 1,859,242
Total employer contributions 2017-12-31 500,000
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 2017-12-31 474,645
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 2017-12-31 120,056
Net shortfall amortization installment of oustanding balance 2017-12-31 323,880
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 204,661
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 131,561
Additional cash requirement 2017-12-31 73,100
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 474,645
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 THE FARMERS BANK OF APPOMATTOX 2016 401k membership
Market value of plan assets 2016-12-31 4,394,491
Acturial value of plan assets 2016-12-31 4,597,257
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 40,210
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 204,560
Active participant vested funding target 2016-12-31 2,912,026
Number of active participants 2016-12-31 51
Total funding liabilities for active participants 2016-12-31 3,073,401
Total participant count 2016-12-31 55
Total funding target for all participants 2016-12-31 3,318,171
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 1,236,268
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 2016-12-31 110,737
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 1,125,531
Present value of excess contributions 2016-12-31 324,857
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 337,989
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 337,989
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 0
Balance of prefunding at beginning of current year 2016-12-31 1,465,771
Total employer contributions 2016-12-31 500,000
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 2016-12-31 473,786
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 2016-12-31 126,325
Net shortfall amortization installment of oustanding balance 2016-12-31 186,686
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 180,605
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 118,676
Additional cash requirement 2016-12-31 61,929
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 473,786
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 THE FARMERS BANK OF APPOMATTOX 2022 401k membership
Market value of plan assets	2022-12-31	7,533,962
Acturial value of plan assets	2022-12-31	7,292,605
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	263,249
Number of terminated vested participants	2022-12-31	6
Fundng target for terminated vested participants	2022-12-31	588,307
Active participant vested funding target	2022-12-31	3,317,282
Number of active participants	2022-12-31	30
Total funding liabilities for active participants	2022-12-31	3,317,282
Total participant count	2022-12-31	39
Total funding target for all participants	2022-12-31	4,168,838
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	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
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	0
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	0
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	126,494
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	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2021 401k membership
Market value of plan assets	2021-12-31	7,386,032
Acturial value of plan assets	2021-12-31	6,903,630
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	216,776
Number of terminated vested participants	2021-12-31	4
Fundng target for terminated vested participants	2021-12-31	128,123
Active participant vested funding target	2021-12-31	3,951,974
Number of active participants	2021-12-31	35
Total funding liabilities for active participants	2021-12-31	3,951,974
Total participant count	2021-12-31	41
Total funding target for all participants	2021-12-31	4,296,873
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	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
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	0
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	0
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	142,060
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	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2020 401k membership
Market value of plan assets	2020-12-31	6,839,116
Acturial value of plan assets	2020-12-31	6,651,077
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	218,622
Number of terminated vested participants	2020-12-31	3
Fundng target for terminated vested participants	2020-12-31	118,719
Active participant vested funding target	2020-12-31	3,713,313
Number of active participants	2020-12-31	38
Total funding liabilities for active participants	2020-12-31	3,713,313
Total participant count	2020-12-31	43
Total funding target for all participants	2020-12-31	4,050,654
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	478,159
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	503,071
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	0
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	0
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	124,793
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	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: SBA CASH BALANCE PENSION PLAN FOR THE FARMERS BANK OF APPOMATTOX 2019 401k membership
Market value of plan assets	2019-12-31	5,689,272
Acturial value of plan assets	2019-12-31	5,942,106
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	325,310
Number of terminated vested participants	2019-12-31	1
Fundng target for terminated vested participants	2019-12-31	4,324
Active participant vested funding target	2019-12-31	3,447,924
Number of active participants	2019-12-31	42
Total funding liabilities for active participants	2019-12-31	3,529,994
Total participant count	2019-12-31	46
Total funding target for all participants	2019-12-31	3,859,628
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	475,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	500,864
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	500,000
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	478,159
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	123,044
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	478,159
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 THE FARMERS BANK OF APPOMATTOX 2018 401k membership
Market value of plan assets	2018-12-31	5,539,235
Acturial value of plan assets	2018-12-31	5,401,785
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	427,891
Number of terminated vested participants	2018-12-31	3
Fundng target for terminated vested participants	2018-12-31	35,582
Active participant vested funding target	2018-12-31	3,054,324
Number of active participants	2018-12-31	43
Total funding liabilities for active participants	2018-12-31	3,172,662
Total participant count	2018-12-31	49
Total funding target for all participants	2018-12-31	3,636,135
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	1,859,242
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	131,561
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	1,727,681
Present value of excess contributions	2018-12-31	401,545
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	431,492
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	1,922,045
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	500,000
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	475,248
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	131,358
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	475,248
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 THE FARMERS BANK OF APPOMATTOX 2017 401k membership
Market value of plan assets	2017-12-31	4,828,042
Acturial value of plan assets	2017-12-31	4,940,283
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	39,233
Number of terminated vested participants	2017-12-31	3
Fundng target for terminated vested participants	2017-12-31	206,843
Active participant vested funding target	2017-12-31	2,995,446
Number of active participants	2017-12-31	47
Total funding liabilities for active participants	2017-12-31	3,158,844
Total participant count	2017-12-31	52
Total funding target for all participants	2017-12-31	3,404,920
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	1,465,771
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	118,676
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	1,347,095
Present value of excess contributions	2017-12-31	411,857
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	435,632
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	435,632
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	0
Balance of prefunding at beginning of current year	2017-12-31	1,859,242
Total employer contributions	2017-12-31	500,000
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	474,645
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	120,056
Net shortfall amortization installment of oustanding balance	2017-12-31	323,880
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	204,661
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	131,561
Additional cash requirement	2017-12-31	73,100
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	474,645
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 THE FARMERS BANK OF APPOMATTOX 2016 401k membership
Market value of plan assets	2016-12-31	4,394,491
Acturial value of plan assets	2016-12-31	4,597,257
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	40,210
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	204,560
Active participant vested funding target	2016-12-31	2,912,026
Number of active participants	2016-12-31	51
Total funding liabilities for active participants	2016-12-31	3,073,401
Total participant count	2016-12-31	55
Total funding target for all participants	2016-12-31	3,318,171
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	1,236,268
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	110,737
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	1,125,531
Present value of excess contributions	2016-12-31	324,857
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	337,989
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	337,989
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	0
Balance of prefunding at beginning of current year	2016-12-31	1,465,771
Total employer contributions	2016-12-31	500,000
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	473,786
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	126,325
Net shortfall amortization installment of oustanding balance	2016-12-31	186,686
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	180,605
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	118,676
Additional cash requirement	2016-12-31	61,929
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	473,786
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	FARMERS BANK OF APPOMATTOX
Employer identification number (EIN):	540208150
NAIC Classification:	522110
NAIC Description:	Commercial Banking