FIRST NATIONAL BANK OF SHELBY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF SHELBY PROFIT SHARING PLAN AND TRUST
401k plan membership statisitcs for FIRST NATIONAL BANK OF SHELBY PROFIT SHARING PLAN AND TRUST
| Measure | Date | Value |
|---|
| 2010 : FIRST NATIONAL BANK OF SHELBY PROFIT SHARING PLAN AND TRUST 2010 401k financial data |
|---|
| Total transfer of assets from this plan | 2010-05-12 | $14,929,263 |
| Expenses. Interest paid | 2010-05-12 | $6,395 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2010-05-12 | $6,395 |
| Total income from all sources (including contributions) | 2010-05-12 | $-335,075 |
| Total loss/gain on sale of assets | 2010-05-12 | $-389,948 |
| Total of all expenses incurred | 2010-05-12 | $1,274,311 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-05-12 | $1,267,916 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-05-12 | $301,761 |
| Value of total assets at end of year | 2010-05-12 | $0 |
| Value of total assets at beginning of year | 2010-05-12 | $16,538,649 |
| Total interest from all sources | 2010-05-12 | $117,023 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-05-12 | $23,312 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-05-12 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2010-05-12 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-05-12 | $1,283,755 |
| Was this plan covered by a fidelity bond | 2010-05-12 | Yes |
| Value of fidelity bond cover | 2010-05-12 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-05-12 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-05-12 | No |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-05-12 | $85,462 |
| Other income not declared elsewhere | 2010-05-12 | $-387,223 |
| Total non interest bearing cash at end of year | 2010-05-12 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-05-12 | No |
| Value of net income/loss | 2010-05-12 | $-1,609,386 |
| Value of net assets at end of year (total assets less liabilities) | 2010-05-12 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-05-12 | $16,538,649 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-05-12 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-05-12 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-05-12 | No |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-05-12 | $759,246 |
| Income. Interest from US Government securities | 2010-05-12 | $39,581 |
| Income. Interest from corporate debt instruments | 2010-05-12 | $77,442 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-05-12 | $1,049,143 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-05-12 | $1,049,143 |
| Asset value of US Government securities at beginning of year | 2010-05-12 | $2,183,879 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-05-12 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-05-12 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-05-12 | No |
| Contributions received in cash from employer | 2010-05-12 | $301,761 |
| Employer contributions (assets) at beginning of year | 2010-05-12 | $301,761 |
| Income. Dividends from common stock | 2010-05-12 | $23,312 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-05-12 | $1,267,916 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2010-05-12 | $3,711,689 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-05-12 | $7,163,714 |
| Did the plan have assets held for investment | 2010-05-12 | No |
| 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 | 2010-05-12 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-05-12 | Yes |
| Aggregate proceeds on sale of assets | 2010-05-12 | $-389,948 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-05-12 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-05-12 | Disclaimer |
| Accountancy firm name | 2010-05-12 | ELLIOTT DAVIS PLLC |
| Accountancy firm EIN | 2010-05-12 | 570381582 |
