401k Plan data: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS plan

FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 401k Plan overview

Plan Name	FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS
Plan identification number	001

FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Stock bonus
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
The employer maintaining this ESOP is an S Corporation
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FIRST BANKSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: FIRST BANKSHARES, INC.

Employer identification number (EIN): 550617746

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

Additional information about FIRST BANKSHARES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1995-03-22

Company Identification Number: P95000023557

Legal Registered Office Address: 369 N. NEW YORK AVENUE

WINTER PARK

32789

More information about FIRST BANKSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2018-01-01
001 2017-01-01 ROBERT JACKSON DILLEY
001 2016-01-01 ROBERT JACKSON DILLEY
001 2015-01-01 ROBERT JACKSON DILLEY
001 2014-01-01 ROBERT JACKSON DILLEY
001 2013-01-01 ROBERT JACKSON DILLEY
001 2012-01-01 ROBERT JACKSON DILLEY
001 2011-01-01 ROBERT JACKSON DILLEY
001 2010-01-01 ROBERT JACKSON DILLEY
001 2009-01-01 ROBERT JACKSON DILLEY

Plan Statistics for FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS

401k plan membership statisitcs for FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS

Measure Date Value
2020: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2020 401k membership
Total participants, beginning-of-year 2020-01-01 84
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2019 401k membership
Total participants, beginning-of-year 2019-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 54
Number of retired or separated participants receiving benefits 2019-01-01 18
Number of other retired or separated participants entitled to future benefits 2019-01-01 9
Total of all active and inactive participants 2019-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 81
Number of participants with account balances 2019-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2018 401k membership
Total participants, beginning-of-year 2018-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 60
Number of retired or separated participants receiving benefits 2018-01-01 22
Number of other retired or separated participants entitled to future benefits 2018-01-01 7
Total of all active and inactive participants 2018-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 90
Number of participants with account balances 2018-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2017 401k membership
Total participants, beginning-of-year 2017-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 88
Number of retired or separated participants receiving benefits 2017-01-01 8
Number of other retired or separated participants entitled to future benefits 2017-01-01 7
Total of all active and inactive participants 2017-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 104
Number of participants with account balances 2017-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2016 401k membership
Total participants, beginning-of-year 2016-01-01 99
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 88
Number of retired or separated participants receiving benefits 2016-01-01 4
Number of other retired or separated participants entitled to future benefits 2016-01-01 15
Total of all active and inactive participants 2016-01-01 107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 108
Number of participants with account balances 2016-01-01 73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 1
2015: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2015 401k membership
Total participants, beginning-of-year 2015-01-01 87
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 76
Number of retired or separated participants receiving benefits 2015-01-01 4
Number of other retired or separated participants entitled to future benefits 2015-01-01 9
Total of all active and inactive participants 2015-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 90
Number of participants with account balances 2015-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 5
2014: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2014 401k membership
Total participants, beginning-of-year 2014-01-01 86
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 74
Number of retired or separated participants receiving benefits 2014-01-01 4
Number of other retired or separated participants entitled to future benefits 2014-01-01 6
Total of all active and inactive participants 2014-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 85
Number of participants with account balances 2014-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 6
2013: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2013 401k membership
Total participants, beginning-of-year 2013-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 68
Number of retired or separated participants receiving benefits 2013-01-01 4
Number of other retired or separated participants entitled to future benefits 2013-01-01 8
Total of all active and inactive participants 2013-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 81
Number of participants with account balances 2013-01-01 75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 7
2012: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2012 401k membership
Total participants, beginning-of-year 2012-01-01 65
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 52
Number of retired or separated participants receiving benefits 2012-01-01 2
Number of other retired or separated participants entitled to future benefits 2012-01-01 10
Total of all active and inactive participants 2012-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 64
Number of participants with account balances 2012-01-01 62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 8
2011: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2011 401k membership
Total participants, beginning-of-year 2011-01-01 61
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 55
Number of retired or separated participants receiving benefits 2011-01-01 1
Number of other retired or separated participants entitled to future benefits 2011-01-01 8
Total of all active and inactive participants 2011-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 64
Number of participants with account balances 2011-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 8
2010: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2010 401k membership
Total participants, beginning-of-year 2010-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 55
Number of retired or separated participants receiving benefits 2010-01-01 1
Number of other retired or separated participants entitled to future benefits 2010-01-01 5
Total of all active and inactive participants 2010-01-01 61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 61
Number of participants with account balances 2010-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 4
2009: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2009 401k membership
Total participants, beginning-of-year 2009-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 39
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 44
Number of participants with account balances 2009-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 5

Measure	Date	Value
2020: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2020 401k membership
Total participants, beginning-of-year	2020-01-01	84
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2019 401k membership
Total participants, beginning-of-year	2019-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	54
Number of retired or separated participants receiving benefits	2019-01-01	18
Number of other retired or separated participants entitled to future benefits	2019-01-01	9
Total of all active and inactive participants	2019-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	81
Number of participants with account balances	2019-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2018 401k membership
Total participants, beginning-of-year	2018-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	60
Number of retired or separated participants receiving benefits	2018-01-01	22
Number of other retired or separated participants entitled to future benefits	2018-01-01	7
Total of all active and inactive participants	2018-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	90
Number of participants with account balances	2018-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2017 401k membership
Total participants, beginning-of-year	2017-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	88
Number of retired or separated participants receiving benefits	2017-01-01	8
Number of other retired or separated participants entitled to future benefits	2017-01-01	7
Total of all active and inactive participants	2017-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	104
Number of participants with account balances	2017-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2016 401k membership
Total participants, beginning-of-year	2016-01-01	99
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	88
Number of retired or separated participants receiving benefits	2016-01-01	4
Number of other retired or separated participants entitled to future benefits	2016-01-01	15
Total of all active and inactive participants	2016-01-01	107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	108
Number of participants with account balances	2016-01-01	73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	1
2015: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2015 401k membership
Total participants, beginning-of-year	2015-01-01	87
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	76
Number of retired or separated participants receiving benefits	2015-01-01	4
Number of other retired or separated participants entitled to future benefits	2015-01-01	9
Total of all active and inactive participants	2015-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	90
Number of participants with account balances	2015-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	5
2014: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2014 401k membership
Total participants, beginning-of-year	2014-01-01	86
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	74
Number of retired or separated participants receiving benefits	2014-01-01	4
Number of other retired or separated participants entitled to future benefits	2014-01-01	6
Total of all active and inactive participants	2014-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	85
Number of participants with account balances	2014-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	6
2013: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2013 401k membership
Total participants, beginning-of-year	2013-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	68
Number of retired or separated participants receiving benefits	2013-01-01	4
Number of other retired or separated participants entitled to future benefits	2013-01-01	8
Total of all active and inactive participants	2013-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	81
Number of participants with account balances	2013-01-01	75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	7
2012: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2012 401k membership
Total participants, beginning-of-year	2012-01-01	65
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	52
Number of retired or separated participants receiving benefits	2012-01-01	2
Number of other retired or separated participants entitled to future benefits	2012-01-01	10
Total of all active and inactive participants	2012-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	64
Number of participants with account balances	2012-01-01	62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	8
2011: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2011 401k membership
Total participants, beginning-of-year	2011-01-01	61
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	55
Number of retired or separated participants receiving benefits	2011-01-01	1
Number of other retired or separated participants entitled to future benefits	2011-01-01	8
Total of all active and inactive participants	2011-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	64
Number of participants with account balances	2011-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	8
2010: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2010 401k membership
Total participants, beginning-of-year	2010-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	55
Number of retired or separated participants receiving benefits	2010-01-01	1
Number of other retired or separated participants entitled to future benefits	2010-01-01	5
Total of all active and inactive participants	2010-01-01	61
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	61
Number of participants with account balances	2010-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	4
2009: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2009 401k membership
Total participants, beginning-of-year	2009-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	39
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	44
Number of participants with account balances	2009-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	5

Financial Data on FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS

Measure	Date	Value
2020 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2020 401k financial data
Total plan liabilities at end of year	2020-06-30	$0
Total plan liabilities at beginning of year	2020-06-30	$0
Total income from all sources	2020-06-30	$53,552
Expenses. Total of all expenses incurred	2020-06-30	$1,705,176
Benefits paid (including direct rollovers)	2020-06-30	$1,705,176
Total plan assets at end of year	2020-06-30	$0
Total plan assets at beginning of year	2020-06-30	$1,651,624
Value of fidelity bond covering the plan	2020-06-30	$1,000,000
Total contributions received or receivable from participants	2020-06-30	$30,142
Other income received	2020-06-30	$8,732
Net income (gross income less expenses)	2020-06-30	$-1,651,624
Net plan assets at end of year (total assets less liabilities)	2020-06-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2020-06-30	$1,651,624
Assets. Value of employer securities	2020-06-30	$0
Total contributions received or receivable from employer(s)	2020-06-30	$14,678
2019 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$260,725
Expenses. Total of all expenses incurred	2019-12-31	$84,469
Benefits paid (including direct rollovers)	2019-12-31	$84,469
Total plan assets at end of year	2019-12-31	$1,651,624
Total plan assets at beginning of year	2019-12-31	$1,475,368
Value of fidelity bond covering the plan	2019-12-31	$1,000,000
Total contributions received or receivable from participants	2019-12-31	$103,217
Other income received	2019-12-31	$103,391
Net income (gross income less expenses)	2019-12-31	$176,256
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,651,624
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,475,368
Assets. Value of employer securities	2019-12-31	$0
Total contributions received or receivable from employer(s)	2019-12-31	$54,117
2018 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$183,608
Expenses. Total of all expenses incurred	2018-12-31	$264,350
Benefits paid (including direct rollovers)	2018-12-31	$264,350
Total plan assets at end of year	2018-12-31	$2,122,953
Total plan assets at beginning of year	2018-12-31	$2,203,695
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Total contributions received or receivable from participants	2018-12-31	$128,136
Other income received	2018-12-31	$-19,501
Net income (gross income less expenses)	2018-12-31	$-80,742
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,122,953
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,203,695
Assets. Value of employer securities	2018-12-31	$647,585
Total contributions received or receivable from employer(s)	2018-12-31	$74,973
2017 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$-564,868
Expenses. Total of all expenses incurred	2017-12-31	$149,621
Benefits paid (including direct rollovers)	2017-12-31	$149,621
Total plan assets at end of year	2017-12-31	$2,203,695
Total plan assets at beginning of year	2017-12-31	$2,918,184
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Total contributions received or receivable from participants	2017-12-31	$144,899
Other income received	2017-12-31	$-801,217
Net income (gross income less expenses)	2017-12-31	$-714,489
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,203,695
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,918,184
Assets. Value of employer securities	2017-12-31	$647,585
Total contributions received or receivable from employer(s)	2017-12-31	$91,450
2016 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$-39,984
Expenses. Total of all expenses incurred	2016-12-31	$56,732
Benefits paid (including direct rollovers)	2016-12-31	$56,732
Total plan assets at end of year	2016-12-31	$2,918,184
Total plan assets at beginning of year	2016-12-31	$3,014,900
Value of fidelity bond covering the plan	2016-12-31	$2,500,000
Total contributions received or receivable from participants	2016-12-31	$127,438
Other income received	2016-12-31	$-242,737
Net income (gross income less expenses)	2016-12-31	$-96,716
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,918,184
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$3,014,900
Assets. Value of employer securities	2016-12-31	$1,494,426
Total contributions received or receivable from employer(s)	2016-12-31	$75,315
2015 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$3
Total income from all sources	2015-12-31	$87,072
Expenses. Total of all expenses incurred	2015-12-31	$234,319
Benefits paid (including direct rollovers)	2015-12-31	$234,319
Total plan assets at end of year	2015-12-31	$3,014,900
Total plan assets at beginning of year	2015-12-31	$3,162,150
Value of fidelity bond covering the plan	2015-12-31	$2,500,000
Total contributions received or receivable from participants	2015-12-31	$126,170
Contributions received from other sources (not participants or employers)	2015-12-31	$49,459
Other income received	2015-12-31	$-165,188
Net income (gross income less expenses)	2015-12-31	$-147,247
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$3,014,900
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$3,162,147
Assets. Value of employer securities	2015-12-31	$1,756,606
Total contributions received or receivable from employer(s)	2015-12-31	$76,631
2014 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$3
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$-2,169,491
Expenses. Total of all expenses incurred	2014-12-31	$443,376
Benefits paid (including direct rollovers)	2014-12-31	$443,373
Total plan assets at end of year	2014-12-31	$3,162,150
Total plan assets at beginning of year	2014-12-31	$5,775,014
Value of fidelity bond covering the plan	2014-12-31	$2,500,000
Total contributions received or receivable from participants	2014-12-31	$128,301
Expenses. Other expenses not covered elsewhere	2014-12-31	$3
Other income received	2014-12-31	$-2,382,437
Net income (gross income less expenses)	2014-12-31	$-2,612,867
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$3,162,147
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,775,014
Assets. Value of employer securities	2014-12-31	$1,927,023
Total contributions received or receivable from employer(s)	2014-12-31	$84,645
2013 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$-481,713
Expenses. Total of all expenses incurred	2013-12-31	$405,213
Benefits paid (including direct rollovers)	2013-12-31	$405,213
Total plan assets at end of year	2013-12-31	$5,775,014
Total plan assets at beginning of year	2013-12-31	$6,661,940
Value of fidelity bond covering the plan	2013-12-31	$2,500,000
Total contributions received or receivable from participants	2013-12-31	$132,964
Other income received	2013-12-31	$-701,839
Net income (gross income less expenses)	2013-12-31	$-886,926
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$5,775,014
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$6,661,940
Assets. Value of employer securities	2013-12-31	$4,325,970
Total contributions received or receivable from employer(s)	2013-12-31	$87,162
2012 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$790,826
Expenses. Total of all expenses incurred	2012-12-31	$151,688
Benefits paid (including direct rollovers)	2012-12-31	$151,688
Total plan assets at end of year	2012-12-31	$6,661,940
Total plan assets at beginning of year	2012-12-31	$6,022,802
Value of fidelity bond covering the plan	2012-12-31	$2,500,000
Total contributions received or receivable from participants	2012-12-31	$134,158
Contributions received from other sources (not participants or employers)	2012-12-31	$6,657
Other income received	2012-12-31	$572,725
Net income (gross income less expenses)	2012-12-31	$639,138
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$6,661,940
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$6,022,802
Assets. Value of employer securities	2012-12-31	$5,243,600
Total contributions received or receivable from employer(s)	2012-12-31	$77,286
2011 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$1,260,177
Expenses. Total of all expenses incurred	2011-12-31	$177,015
Benefits paid (including direct rollovers)	2011-12-31	$177,015
Total plan assets at end of year	2011-12-31	$6,022,802
Total plan assets at beginning of year	2011-12-31	$4,939,640
Value of fidelity bond covering the plan	2011-12-31	$2,500,000
Total contributions received or receivable from participants	2011-12-31	$131,915
Other income received	2011-12-31	$1,053,582
Net income (gross income less expenses)	2011-12-31	$1,083,162
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$6,022,802
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$4,939,640
Assets. Value of employer securities	2011-12-31	$4,981,420
Total contributions received or receivable from employer(s)	2011-12-31	$74,680
2010 : FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$1,427,687
Expenses. Total of all expenses incurred	2010-12-31	$533,607
Benefits paid (including direct rollovers)	2010-12-31	$533,607
Total plan assets at end of year	2010-12-31	$4,939,640
Total plan assets at beginning of year	2010-12-31	$4,045,560
Value of fidelity bond covering the plan	2010-12-31	$2,500,000
Total contributions received or receivable from participants	2010-12-31	$107,787
Other income received	2010-12-31	$1,258,338
Net income (gross income less expenses)	2010-12-31	$894,080
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$4,939,640
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$4,045,560
Assets. Value of employer securities	2010-12-31	$4,325,970
Total contributions received or receivable from employer(s)	2010-12-31	$61,562
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$54,600

Form 5500 Responses for FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS

2020: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 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	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: FIRST BANKSHARES, INC. ESOP WITH 401K PROVISIONS 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FIRST BANKSHARES, INC.
Employer identification number (EIN):	550617746
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1995-03-22
Company Identification Number:	P95000023557
Legal Registered Office Address:	369 N. NEW YORK AVENUE WINTER PARK 32789