FIRST SOUTH BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
401k plan membership statisitcs for FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
| Measure | Date | Value |
|---|
| 2017 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2017 401k financial data |
|---|
| Total income from all sources (including contributions) | 2017-12-31 | $2,685,637 |
| Total of all expenses incurred | 2017-12-31 | $13,344,880 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $13,180,355 |
| Expenses. Certain deemed distributions of participant loans | 2017-12-31 | $117,150 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $1,275,165 |
| Value of total assets at end of year | 2017-12-31 | $4,216 |
| Value of total assets at beginning of year | 2017-12-31 | $10,663,459 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $47,375 |
| Total interest from all sources | 2017-12-31 | $14,294 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $207,280 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2017-12-31 | $0 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $191,697 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $8,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $735,350 |
| Participant contributions at end of year | 2017-12-31 | $0 |
| Participant contributions at beginning of year | 2017-12-31 | $440,593 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $44,800 |
| Administrative expenses (other) incurred | 2017-12-31 | $120 |
| Total non interest bearing cash at beginning of year | 2017-12-31 | $119,724 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $-10,659,243 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $4,216 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $10,663,459 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Investment advisory and management fees | 2017-12-31 | $20,991 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $24 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $8,071,861 |
| Interest on participant loans | 2017-12-31 | $13,019 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $1,294 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $304,877 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $304,877 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $1,275 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,188,898 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Assets. Invements in employer securities at end of year | 2017-12-31 | $2,898 |
| Assets. Invements in employer securities at beginning of year | 2017-12-31 | $1,726,404 |
| Contributions received in cash from employer | 2017-12-31 | $495,015 |
| Income. Dividends from common stock | 2017-12-31 | $15,583 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $13,180,355 |
| Contract administrator fees | 2017-12-31 | $26,264 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2017-12-31 | No |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
| Accountancy firm name | 2017-12-31 | CHERRY BEKAERT, LLP |
| Accountancy firm EIN | 2017-12-31 | 560587444 |
| 2016 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2016 401k financial data |
|---|
| Total income from all sources (including contributions) | 2016-12-31 | $2,529,128 |
| Total of all expenses incurred | 2016-12-31 | $1,037,060 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $1,024,609 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,515,669 |
| Value of total assets at end of year | 2016-12-31 | $10,663,459 |
| Value of total assets at beginning of year | 2016-12-31 | $9,171,391 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $12,451 |
| Total interest from all sources | 2016-12-31 | $14,987 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $275,249 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $275,249 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $8,000,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $815,065 |
| Participant contributions at end of year | 2016-12-31 | $440,593 |
| Participant contributions at beginning of year | 2016-12-31 | $406,373 |
| Participant contributions at beginning of year | 2016-12-31 | $65,920 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $293,762 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $10,746 |
| Administrative expenses (other) incurred | 2016-12-31 | $211 |
| Total non interest bearing cash at end of year | 2016-12-31 | $119,724 |
| Total non interest bearing cash at beginning of year | 2016-12-31 | $3,615 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $1,492,068 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $10,663,459 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $9,171,391 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Investment advisory and management fees | 2016-12-31 | $5,400 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $8,071,861 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $7,262,864 |
| Interest on participant loans | 2016-12-31 | $14,100 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $304,877 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $256,660 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $256,660 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $887 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $723,223 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Assets. Invements in employer securities at end of year | 2016-12-31 | $1,726,404 |
| Assets. Invements in employer securities at beginning of year | 2016-12-31 | $1,134,405 |
| Contributions received in cash from employer | 2016-12-31 | $406,842 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $30,808 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $1,024,609 |
| Contract administrator fees | 2016-12-31 | $6,840 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2016-12-31 | No |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
| Accountancy firm name | 2016-12-31 | CHERRY BEKAERT, LLP |
| Accountancy firm EIN | 2016-12-31 | 560574444 |
| 2015 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2015 401k financial data |
|---|
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $48,844 |
| Total income from all sources (including contributions) | 2015-12-31 | $1,623,163 |
| Total of all expenses incurred | 2015-12-31 | $989,917 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $984,901 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,642,673 |
| Value of total assets at end of year | 2015-12-31 | $9,171,391 |
| Value of total assets at beginning of year | 2015-12-31 | $8,586,989 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $5,016 |
| Total interest from all sources | 2015-12-31 | $13,218 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $313,720 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $313,720 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $8,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Contributions received from participants | 2015-12-31 | $794,370 |
| Participant contributions at end of year | 2015-12-31 | $406,373 |
| Participant contributions at beginning of year | 2015-12-31 | $426,246 |
| Participant contributions at end of year | 2015-12-31 | $65,920 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $476,559 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $10,746 |
| Administrative expenses (other) incurred | 2015-12-31 | $101 |
| Total non interest bearing cash at end of year | 2015-12-31 | $3,615 |
| Total non interest bearing cash at beginning of year | 2015-12-31 | $133,559 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $633,246 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $9,171,391 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $8,538,145 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $7,262,864 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $6,724,095 |
| Interest on participant loans | 2015-12-31 | $13,204 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $256,660 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $171,089 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $171,089 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $14 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-346,448 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
| Assets. Invements in employer securities at end of year | 2015-12-31 | $1,134,405 |
| Assets. Invements in employer securities at beginning of year | 2015-12-31 | $1,132,000 |
| Contributions received in cash from employer | 2015-12-31 | $371,744 |
| Employer contributions (assets) at end of year | 2015-12-31 | $30,808 |
| Employer contributions (assets) at beginning of year | 2015-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $984,901 |
| Contract administrator fees | 2015-12-31 | $4,915 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2015-12-31 | No |
| Liabilities. Value of benefit claims payable at beginning of year | 2015-12-31 | $48,844 |
| Did the plan have assets held for investment | 2015-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
| Accountancy firm name | 2015-12-31 | CHERRY BEKAERT LLP |
| Accountancy firm EIN | 2015-12-31 | 560574444 |
| 2014 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $48,844 |
| Total income from all sources (including contributions) | 2014-12-31 | $1,374,207 |
| Total of all expenses incurred | 2014-12-31 | $955,863 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $948,581 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $934,784 |
| Value of total assets at end of year | 2014-12-31 | $8,586,989 |
| Value of total assets at beginning of year | 2014-12-31 | $8,119,801 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $7,282 |
| Total interest from all sources | 2014-12-31 | $13,408 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $298,673 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $298,673 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $620,195 |
| Participant contributions at end of year | 2014-12-31 | $426,246 |
| Participant contributions at beginning of year | 2014-12-31 | $301,013 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $19,453 |
| Administrative expenses (other) incurred | 2014-12-31 | $232 |
| Total non interest bearing cash at end of year | 2014-12-31 | $133,559 |
| Total non interest bearing cash at beginning of year | 2014-12-31 | $101,349 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $418,344 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $8,538,145 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $8,119,801 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $6,724,095 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $6,264,317 |
| Interest on participant loans | 2014-12-31 | $13,408 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $171,089 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $268,945 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $268,945 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $127,342 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Assets. Invements in employer securities at end of year | 2014-12-31 | $1,132,000 |
| Assets. Invements in employer securities at beginning of year | 2014-12-31 | $1,109,176 |
| Contributions received in cash from employer | 2014-12-31 | $295,136 |
| Employer contributions (assets) at end of year | 2014-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2014-12-31 | $75,001 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $948,581 |
| Contract administrator fees | 2014-12-31 | $7,050 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2014-12-31 | Yes |
| Liabilities. Value of benefit claims payable at end of year | 2014-12-31 | $48,844 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
| Accountancy firm name | 2014-12-31 | TURLINGTON AND COMPANY, LLC |
| Accountancy firm EIN | 2014-12-31 | 560817345 |
| 2013 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k financial data |
|---|
| Total income from all sources (including contributions) | 2013-12-31 | $2,519,312 |
| Total of all expenses incurred | 2013-12-31 | $1,794,798 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $1,781,645 |
| Value of total corrective distributions | 2013-12-31 | $9,293 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $1,147,896 |
| Value of total assets at end of year | 2013-12-31 | $8,119,801 |
| Value of total assets at beginning of year | 2013-12-31 | $7,395,287 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $3,860 |
| Total interest from all sources | 2013-12-31 | $12,899 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $234,032 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $234,032 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $550,704 |
| Participant contributions at end of year | 2013-12-31 | $301,013 |
| Participant contributions at beginning of year | 2013-12-31 | $341,164 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $250,684 |
| Administrative expenses (other) incurred | 2013-12-31 | $115 |
| Total non interest bearing cash at end of year | 2013-12-31 | $101,349 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $724,514 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $8,119,801 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $7,395,287 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $6,264,317 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $5,869,858 |
| Interest on participant loans | 2013-12-31 | $12,226 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $268,945 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $438,121 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $438,121 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $673 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $1,124,485 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Assets. Invements in employer securities at end of year | 2013-12-31 | $1,109,176 |
| Assets. Invements in employer securities at beginning of year | 2013-12-31 | $746,144 |
| Contributions received in cash from employer | 2013-12-31 | $346,508 |
| Employer contributions (assets) at end of year | 2013-12-31 | $75,001 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $1,781,645 |
| Contract administrator fees | 2013-12-31 | $3,745 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | Yes |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
| Accountancy firm name | 2013-12-31 | TURLINGTON AND COMPANY, LLC |
| Accountancy firm EIN | 2013-12-31 | 560817345 |
| 2012 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2012-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $199,782 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $199,782 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
| Expenses. Interest paid | 2012-12-31 | $0 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2012-12-31 | $0 |
| Total income from all sources (including contributions) | 2012-12-31 | $1,788,427 |
| Total loss/gain on sale of assets | 2012-12-31 | $16,920 |
| Total of all expenses incurred | 2012-12-31 | $1,488,469 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $1,445,708 |
| Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $32,314 |
| Value of total corrective distributions | 2012-12-31 | $10,402 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $842,937 |
| Value of total assets at end of year | 2012-12-31 | $7,395,287 |
| Value of total assets at beginning of year | 2012-12-31 | $7,095,329 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $45 |
| Total income from rents | 2012-12-31 | $0 |
| Total interest from all sources | 2012-12-31 | $14,509 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $128,921 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $128,921 |
| Assets. Real estate other than employer real property at end of year | 2012-12-31 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2012-12-31 | $0 |
| Administrative expenses professional fees incurred | 2012-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2012-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2012-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $516,075 |
| Participant contributions at end of year | 2012-12-31 | $341,164 |
| Participant contributions at beginning of year | 2012-12-31 | $366,216 |
| Participant contributions at end of year | 2012-12-31 | $0 |
| Participant contributions at beginning of year | 2012-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2012-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2012-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $0 |
| Assets. Loans (other than to participants) at end of year | 2012-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2012-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $0 |
| Other income not declared elsewhere | 2012-12-31 | $0 |
| Administrative expenses (other) incurred | 2012-12-31 | $0 |
| Total non interest bearing cash at end of year | 2012-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2012-12-31 | $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 | 2012-12-31 | No |
| Income. Non cash contributions | 2012-12-31 | $0 |
| Value of net income/loss | 2012-12-31 | $299,958 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $7,395,287 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $7,095,329 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2012-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2012-12-31 | $0 |
| Investment advisory and management fees | 2012-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $5,869,858 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $4,668,228 |
| Interest on participant loans | 2012-12-31 | $13,492 |
| Income. Interest from loans (other than to participants) | 2012-12-31 | $0 |
| Interest earned on other investments | 2012-12-31 | $0 |
| Income. Interest from US Government securities | 2012-12-31 | $0 |
| Income. Interest from corporate debt instruments | 2012-12-31 | $0 |
| Value of interest in master investment trust accounts at end of year | 2012-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2012-12-31 | $1,141,102 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $438,121 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $483,262 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $483,262 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $1,017 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2012-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2012-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2012-12-31 | $0 |
| Asset value of US Government securities at end of year | 2012-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2012-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $549,561 |
| Net investment gain/loss from pooled separate accounts | 2012-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2012-12-31 | $35,797 |
| Net gain/loss from 103.12 investment entities | 2012-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Assets. Invements in employer securities at end of year | 2012-12-31 | $746,144 |
| Assets. Invements in employer securities at beginning of year | 2012-12-31 | $436,521 |
| Assets. Value of employer real property at end of year | 2012-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2012-12-31 | $0 |
| Contributions received in cash from employer | 2012-12-31 | $326,862 |
| Employer contributions (assets) at end of year | 2012-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2012-12-31 | $0 |
| Income. Dividends from preferred stock | 2012-12-31 | $0 |
| Income. Dividends from common stock | 2012-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $1,445,708 |
| Asset. Corporate debt instrument preferred debt at end of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $0 |
| Contract administrator fees | 2012-12-31 | $45 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $0 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2012-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2012-12-31 | $0 |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Aggregate proceeds on sale of assets | 2012-12-31 | $77,265 |
| Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $60,345 |
| Liabilities. Value of acquisition indebtedness at end of year | 2012-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2012-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | TURLINGTON AND COMPANY, LLC |
| Accountancy firm EIN | 2012-12-31 | 560817345 |
| 2011 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2011-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-345,749 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-345,749 |
| Total transfer of assets to this plan | 2011-12-31 | $0 |
| Total transfer of assets from this plan | 2011-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
| Expenses. Interest paid | 2011-12-31 | $0 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2011-12-31 | $0 |
| Total income from all sources (including contributions) | 2011-12-31 | $480,326 |
| Total loss/gain on sale of assets | 2011-12-31 | $-12,768 |
| Total of all expenses incurred | 2011-12-31 | $581,707 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $566,813 |
| Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $4,486 |
| Value of total corrective distributions | 2011-12-31 | $10,369 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $858,098 |
| Value of total assets at end of year | 2011-12-31 | $7,095,329 |
| Value of total assets at beginning of year | 2011-12-31 | $7,196,710 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $39 |
| Total income from rents | 2011-12-31 | $0 |
| Total interest from all sources | 2011-12-31 | $16,731 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $119,227 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $119,227 |
| Assets. Real estate other than employer real property at end of year | 2011-12-31 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2011-12-31 | $0 |
| Administrative expenses professional fees incurred | 2011-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2011-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2011-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $510,147 |
| Participant contributions at end of year | 2011-12-31 | $366,216 |
| Participant contributions at beginning of year | 2011-12-31 | $323,740 |
| Participant contributions at end of year | 2011-12-31 | $0 |
| Participant contributions at beginning of year | 2011-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2011-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2011-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $26,708 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $0 |
| Assets. Loans (other than to participants) at end of year | 2011-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2011-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $0 |
| Other income not declared elsewhere | 2011-12-31 | $0 |
| Administrative expenses (other) incurred | 2011-12-31 | $0 |
| Total non interest bearing cash at end of year | 2011-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2011-12-31 | $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 | 2011-12-31 | No |
| Income. Non cash contributions | 2011-12-31 | $0 |
| Value of net income/loss | 2011-12-31 | $-101,381 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $7,095,329 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $7,196,710 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2011-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2011-12-31 | $0 |
| Investment advisory and management fees | 2011-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $4,668,228 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $5,280,586 |
| Interest on participant loans | 2011-12-31 | $15,832 |
| Income. Interest from loans (other than to participants) | 2011-12-31 | $0 |
| Interest earned on other investments | 2011-12-31 | $0 |
| Income. Interest from US Government securities | 2011-12-31 | $0 |
| Income. Interest from corporate debt instruments | 2011-12-31 | $0 |
| Value of interest in master investment trust accounts at end of year | 2011-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2011-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2011-12-31 | $1,141,102 |
| Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $979,825 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $483,262 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $6 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $6 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $899 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2011-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2011-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $0 |
| Asset value of US Government securities at end of year | 2011-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2011-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-174,682 |
| Net investment gain/loss from pooled separate accounts | 2011-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2011-12-31 | $19,469 |
| Net gain/loss from 103.12 investment entities | 2011-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Assets. Invements in employer securities at end of year | 2011-12-31 | $436,521 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $612,553 |
| Assets. Value of employer real property at end of year | 2011-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2011-12-31 | $0 |
| Contributions received in cash from employer | 2011-12-31 | $321,243 |
| Employer contributions (assets) at end of year | 2011-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2011-12-31 | $0 |
| Income. Dividends from preferred stock | 2011-12-31 | $0 |
| Income. Dividends from common stock | 2011-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $566,813 |
| Asset. Corporate debt instrument preferred debt at end of year | 2011-12-31 | $0 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2011-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2011-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2011-12-31 | $0 |
| Contract administrator fees | 2011-12-31 | $39 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $0 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2011-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2011-12-31 | $0 |
| Did the plan have assets held for investment | 2011-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Aggregate proceeds on sale of assets | 2011-12-31 | $27,224 |
| Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $39,992 |
| Liabilities. Value of acquisition indebtedness at end of year | 2011-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2011-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
| Accountancy firm name | 2011-12-31 | TURLINGTON AND COMPANY, LLC |
| Accountancy firm EIN | 2011-12-31 | 560817345 |
| 2010 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2010-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $-357,047 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $-357,047 |
| Total transfer of assets to this plan | 2010-12-31 | $0 |
| Total transfer of assets from this plan | 2010-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
| Expenses. Interest paid | 2010-12-31 | $0 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2010-12-31 | $0 |
| Total income from all sources (including contributions) | 2010-12-31 | $1,402,442 |
| Total loss/gain on sale of assets | 2010-12-31 | $3,712 |
| Total of all expenses incurred | 2010-12-31 | $599,023 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $538,020 |
| Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $30,106 |
| Value of total corrective distributions | 2010-12-31 | $30,878 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $928,274 |
| Value of total assets at end of year | 2010-12-31 | $7,196,710 |
| Value of total assets at beginning of year | 2010-12-31 | $6,393,291 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $19 |
| Total income from rents | 2010-12-31 | $0 |
| Total interest from all sources | 2010-12-31 | $16,879 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $146,831 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $86,646 |
| Assets. Real estate other than employer real property at end of year | 2010-12-31 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2010-12-31 | $0 |
| Administrative expenses professional fees incurred | 2010-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2010-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $497,343 |
| Participant contributions at end of year | 2010-12-31 | $323,740 |
| Participant contributions at beginning of year | 2010-12-31 | $320,464 |
| Participant contributions at end of year | 2010-12-31 | $0 |
| Participant contributions at beginning of year | 2010-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2010-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2010-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $111,266 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $0 |
| Assets. Loans (other than to participants) at end of year | 2010-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2010-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $0 |
| Other income not declared elsewhere | 2010-12-31 | $0 |
| Administrative expenses (other) incurred | 2010-12-31 | $0 |
| Total non interest bearing cash at end of year | 2010-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $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 | 2010-12-31 | No |
| Income. Non cash contributions | 2010-12-31 | $0 |
| Value of net income/loss | 2010-12-31 | $803,419 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $7,196,710 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $6,393,291 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2010-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2010-12-31 | $0 |
| Investment advisory and management fees | 2010-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $5,280,586 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $4,219,413 |
| Interest on participant loans | 2010-12-31 | $16,878 |
| Income. Interest from loans (other than to participants) | 2010-12-31 | $0 |
| Interest earned on other investments | 2010-12-31 | $0 |
| Income. Interest from US Government securities | 2010-12-31 | $0 |
| Income. Interest from corporate debt instruments | 2010-12-31 | $0 |
| Value of interest in master investment trust accounts at end of year | 2010-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2010-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2010-12-31 | $979,825 |
| Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $947,590 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $6 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $7,661 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $7,661 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $1 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2010-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2010-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2010-12-31 | $0 |
| Asset value of US Government securities at end of year | 2010-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2010-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $642,262 |
| Net investment gain/loss from pooled separate accounts | 2010-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2010-12-31 | $21,531 |
| Net gain/loss from 103.12 investment entities | 2010-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Assets. Invements in employer securities at end of year | 2010-12-31 | $612,553 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $898,163 |
| Assets. Value of employer real property at end of year | 2010-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2010-12-31 | $0 |
| Contributions received in cash from employer | 2010-12-31 | $319,665 |
| Employer contributions (assets) at end of year | 2010-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $0 |
| Income. Dividends from preferred stock | 2010-12-31 | $0 |
| Income. Dividends from common stock | 2010-12-31 | $60,185 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $538,020 |
| Asset. Corporate debt instrument preferred debt at end of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $0 |
| Contract administrator fees | 2010-12-31 | $19 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $0 |
| Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2010-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2010-12-31 | $0 |
| Did the plan have assets held for investment | 2010-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Aggregate proceeds on sale of assets | 2010-12-31 | $167,817 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $164,105 |
| Liabilities. Value of acquisition indebtedness at end of year | 2010-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | TURLINGTON AND COMPANY, LLC |
| Accountancy firm EIN | 2010-12-31 | 560817345 |
| 2009 : FIRST SOUTH BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |