401k Plan data: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST plan

BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan Name	BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number	002

BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Profit-sharing Stock bonus 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). 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

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

Company Name: BANK OF OAK RIDGE

Employer identification number (EIN): 562149229

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about BANK OF OAK RIDGE

Jurisdiction of Incorporation: North Carolina Secretary of State

Incorporation Date:

Company Identification Number: 0543619

More information about BANK OF OAK RIDGE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01 THOMAS W. WAYNE
002 2016-01-01 THOMAS W. WAYNE
002 2015-01-01 THOMAS W. WAYNE
002 2014-01-01 THOMAS W. WAYNE
002 2013-01-01 THOMAS W. WAYNE
002 2012-01-01 THOMAS W. WAYNE
002 2011-01-01 THOMAS W. WAYNE
002 2010-01-01 THOMAS W. WAYNE

Plan Statistics for BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

401k plan membership statisitcs for BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 60
Number of retired or separated participants receiving benefits 2022-01-01 15
Number of other retired or separated participants entitled to future benefits 2022-01-01 31
Total of all active and inactive participants 2022-01-01 106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 106
Number of participants with account balances 2022-01-01 106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 105
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 53
Number of retired or separated participants receiving benefits 2021-01-01 14
Number of other retired or separated participants entitled to future benefits 2021-01-01 34
Total of all active and inactive participants 2021-01-01 101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 101
Number of participants with account balances 2021-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 3
2020: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year 2020-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 55
Number of retired or separated participants receiving benefits 2020-01-01 12
Number of other retired or separated participants entitled to future benefits 2020-01-01 33
Total of all active and inactive participants 2020-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 100
Number of participants with account balances 2020-01-01 99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 3
2019: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year 2019-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 55
Number of retired or separated participants receiving benefits 2019-01-01 9
Number of other retired or separated participants entitled to future benefits 2019-01-01 32
Total of all active and inactive participants 2019-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 96
Number of participants with account balances 2019-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 3
2018: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year 2018-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 56
Number of retired or separated participants receiving benefits 2018-01-01 5
Number of other retired or separated participants entitled to future benefits 2018-01-01 28
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 0
Total participants 2018-01-01 89
Number of participants with account balances 2018-01-01 88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 1
2017: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 88
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 55
Number of retired or separated participants receiving benefits 2017-01-01 3
Number of other retired or separated participants entitled to future benefits 2017-01-01 28
Total of all active and inactive participants 2017-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 86
Number of participants with account balances 2017-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 3
2016: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year 2016-01-01 79
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 51
Number of retired or separated participants receiving benefits 2016-01-01 2
Number of other retired or separated participants entitled to future benefits 2016-01-01 27
Total of all active and inactive participants 2016-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 80
Number of participants with account balances 2016-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 5
2015: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 75
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 51
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 26
Total of all active and inactive participants 2015-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 77
Number of participants with account balances 2015-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 7
2014: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 80
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 56
Number of retired or separated participants receiving benefits 2014-01-01 1
Number of other retired or separated participants entitled to future benefits 2014-01-01 17
Total of all active and inactive participants 2014-01-01 74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 74
Number of participants with account balances 2014-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 7
2013: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 60
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 16
Total of all active and inactive participants 2013-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 77
Number of participants with account balances 2013-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 19
2012: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 72
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 22
Total of all active and inactive participants 2012-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 94
Number of participants with account balances 2012-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 18
2011: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 81
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 86
Number of participants with account balances 2011-01-01 86
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 13
2010: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 95
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 95
Number of participants with account balances 2010-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2022: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	60
Number of retired or separated participants receiving benefits	2022-01-01	15
Number of other retired or separated participants entitled to future benefits	2022-01-01	31
Total of all active and inactive participants	2022-01-01	106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	106
Number of participants with account balances	2022-01-01	106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	105
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	53
Number of retired or separated participants receiving benefits	2021-01-01	14
Number of other retired or separated participants entitled to future benefits	2021-01-01	34
Total of all active and inactive participants	2021-01-01	101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	101
Number of participants with account balances	2021-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	3
2020: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year	2020-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	55
Number of retired or separated participants receiving benefits	2020-01-01	12
Number of other retired or separated participants entitled to future benefits	2020-01-01	33
Total of all active and inactive participants	2020-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	100
Number of participants with account balances	2020-01-01	99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	3
2019: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year	2019-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	55
Number of retired or separated participants receiving benefits	2019-01-01	9
Number of other retired or separated participants entitled to future benefits	2019-01-01	32
Total of all active and inactive participants	2019-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	96
Number of participants with account balances	2019-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	3
2018: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year	2018-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	56
Number of retired or separated participants receiving benefits	2018-01-01	5
Number of other retired or separated participants entitled to future benefits	2018-01-01	28
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	0
Total participants	2018-01-01	89
Number of participants with account balances	2018-01-01	88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	1
2017: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	88
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	55
Number of retired or separated participants receiving benefits	2017-01-01	3
Number of other retired or separated participants entitled to future benefits	2017-01-01	28
Total of all active and inactive participants	2017-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	86
Number of participants with account balances	2017-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	3
2016: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year	2016-01-01	79
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	51
Number of retired or separated participants receiving benefits	2016-01-01	2
Number of other retired or separated participants entitled to future benefits	2016-01-01	27
Total of all active and inactive participants	2016-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	80
Number of participants with account balances	2016-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	5
2015: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	75
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	51
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	26
Total of all active and inactive participants	2015-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	77
Number of participants with account balances	2015-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	7
2014: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	80
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	56
Number of retired or separated participants receiving benefits	2014-01-01	1
Number of other retired or separated participants entitled to future benefits	2014-01-01	17
Total of all active and inactive participants	2014-01-01	74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	74
Number of participants with account balances	2014-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	7
2013: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	60
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	16
Total of all active and inactive participants	2013-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	77
Number of participants with account balances	2013-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	19
2012: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	72
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	22
Total of all active and inactive participants	2012-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	94
Number of participants with account balances	2012-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	18
2011: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	81
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	86
Number of participants with account balances	2011-01-01	86
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	13
2010: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	95
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	95
Number of participants with account balances	2010-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure	Date	Value
2022 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k financial data
Total income from all sources	2022-12-31	$371,544
Expenses. Total of all expenses incurred	2022-12-31	$253,186
Benefits paid (including direct rollovers)	2022-12-31	$215,530
Total plan assets at end of year	2022-12-31	$4,854,219
Total plan assets at beginning of year	2022-12-31	$4,735,861
Value of fidelity bond covering the plan	2022-12-31	$4,000,000
Other income received	2022-12-31	$86,544
Net income (gross income less expenses)	2022-12-31	$118,358
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$4,854,219
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$4,735,861
Assets. Value of employer securities	2022-12-31	$3,569,853
Total contributions received or receivable from employer(s)	2022-12-31	$285,000
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$37,656
2021 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k financial data
Total income from all sources	2021-12-31	$1,118,671
Expenses. Total of all expenses incurred	2021-12-31	$213,223
Benefits paid (including direct rollovers)	2021-12-31	$186,647
Total plan assets at end of year	2021-12-31	$4,735,861
Total plan assets at beginning of year	2021-12-31	$3,830,413
Value of fidelity bond covering the plan	2021-12-31	$4,000,000
Other income received	2021-12-31	$791,671
Net income (gross income less expenses)	2021-12-31	$905,448
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$4,735,861
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,830,413
Assets. Value of employer securities	2021-12-31	$3,543,012
Total contributions received or receivable from employer(s)	2021-12-31	$327,000
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$26,576
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$-241,569
Total unrealized appreciation/depreciation of assets	2020-12-31	$-241,569
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$162,116
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$256,951
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$227,356
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$360,000
Value of total assets at end of year	2020-12-31	$3,830,413
Value of total assets at beginning of year	2020-12-31	$3,925,248
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$29,595
Total interest from all sources	2020-12-31	$739
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$42,946
Total income from all sources	2020-12-31	$162,116
Expenses. Total of all expenses incurred	2020-12-31	$256,951
Benefits paid (including direct rollovers)	2020-12-31	$227,356
Total plan assets at end of year	2020-12-31	$3,830,413
Total plan assets at beginning of year	2020-12-31	$3,925,248
Value of fidelity bond covering the plan	2020-12-31	$4,000,000
Other income received	2020-12-31	$-197,884
Net income (gross income less expenses)	2020-12-31	$-94,835
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,830,413
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$3,925,248
Assets. Value of employer securities	2020-12-31	$2,800,411
Total contributions received or receivable from employer(s)	2020-12-31	$360,000
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$29,595
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Administrative expenses (other) incurred	2020-12-31	$29,595
Total non interest bearing cash at end of year	2020-12-31	$670,002
Total non interest bearing cash at beginning of year	2020-12-31	$536,768
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$-94,835
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$3,830,413
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$3,925,248
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Interest earned on other investments	2020-12-31	$739
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Assets. Invements in employer securities at end of year	2020-12-31	$2,800,411
Assets. Invements in employer securities at beginning of year	2020-12-31	$3,041,980
Contributions received in cash from employer	2020-12-31	$360,000
Employer contributions (assets) at end of year	2020-12-31	$360,000
Employer contributions (assets) at beginning of year	2020-12-31	$346,500
Income. Dividends from common stock	2020-12-31	$42,946
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$227,356
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
2019 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2019 401k financial data
Total income from all sources	2019-12-31	$615,590
Expenses. Total of all expenses incurred	2019-12-31	$106,545
Benefits paid (including direct rollovers)	2019-12-31	$78,356
Total plan assets at end of year	2019-12-31	$3,925,248
Total plan assets at beginning of year	2019-12-31	$3,416,203
Value of fidelity bond covering the plan	2019-12-31	$4,000,000
Other income received	2019-12-31	$269,090
Net income (gross income less expenses)	2019-12-31	$509,045
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,925,248
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,416,203
Assets. Value of employer securities	2019-12-31	$3,041,980
Total contributions received or receivable from employer(s)	2019-12-31	$346,500
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$28,189
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k financial data
Total income from all sources	2018-12-31	$535,307
Expenses. Total of all expenses incurred	2018-12-31	$66,876
Benefits paid (including direct rollovers)	2018-12-31	$29,817
Total plan assets at end of year	2018-12-31	$3,416,203
Total plan assets at beginning of year	2018-12-31	$2,947,772
Value of fidelity bond covering the plan	2018-12-31	$4,000,000
Other income received	2018-12-31	$215,807
Net income (gross income less expenses)	2018-12-31	$468,431
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,416,203
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,947,772
Assets. Value of employer securities	2018-12-31	$2,809,358
Total contributions received or receivable from employer(s)	2018-12-31	$319,500
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$37,059
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k financial data
Total income from all sources	2017-12-31	$655,830
Expenses. Total of all expenses incurred	2017-12-31	$43,033
Benefits paid (including direct rollovers)	2017-12-31	$16,514
Total plan assets at end of year	2017-12-31	$2,947,772
Total plan assets at beginning of year	2017-12-31	$2,334,975
Value of fidelity bond covering the plan	2017-12-31	$4,000,000
Other income received	2017-12-31	$295,830
Net income (gross income less expenses)	2017-12-31	$612,797
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,947,772
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,334,975
Assets. Value of employer securities	2017-12-31	$1,844,261
Total contributions received or receivable from employer(s)	2017-12-31	$360,000
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$26,519
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k financial data
Total income from all sources	2016-12-31	$473,467
Expenses. Total of all expenses incurred	2016-12-31	$51,567
Benefits paid (including direct rollovers)	2016-12-31	$15,845
Total plan assets at end of year	2016-12-31	$2,334,975
Total plan assets at beginning of year	2016-12-31	$1,913,075
Value of fidelity bond covering the plan	2016-12-31	$4,000,000
Other income received	2016-12-31	$233,467
Net income (gross income less expenses)	2016-12-31	$421,900
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,334,975
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,913,075
Assets. Value of employer securities	2016-12-31	$1,549,179
Total contributions received or receivable from employer(s)	2016-12-31	$240,000
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$35,722
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k financial data
Total income from all sources	2015-12-31	$447,415
Expenses. Total of all expenses incurred	2015-12-31	$44,844
Benefits paid (including direct rollovers)	2015-12-31	$9,246
Total plan assets at end of year	2015-12-31	$1,913,075
Total plan assets at beginning of year	2015-12-31	$1,510,504
Value of fidelity bond covering the plan	2015-12-31	$4,000,000
Other income received	2015-12-31	$267,415
Net income (gross income less expenses)	2015-12-31	$402,571
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,913,075
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,510,504
Assets. Value of employer securities	2015-12-31	$1,316,519
Total contributions received or receivable from employer(s)	2015-12-31	$180,000
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$35,598
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k financial data
Total income from all sources	2014-12-31	$611,040
Expenses. Total of all expenses incurred	2014-12-31	$32,522
Benefits paid (including direct rollovers)	2014-12-31	$16,536
Total plan assets at end of year	2014-12-31	$1,510,504
Total plan assets at beginning of year	2014-12-31	$931,986
Value of fidelity bond covering the plan	2014-12-31	$4,000,000
Other income received	2014-12-31	$151,040
Net income (gross income less expenses)	2014-12-31	$578,518
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,510,504
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$931,986
Assets. Value of employer securities	2014-12-31	$1,049,810
Total contributions received or receivable from employer(s)	2014-12-31	$460,000
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$15,986
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$92,789
Expenses. Total of all expenses incurred	2013-12-31	$68,969
Benefits paid (including direct rollovers)	2013-12-31	$68,969
Total plan assets at end of year	2013-12-31	$931,986
Total plan assets at beginning of year	2013-12-31	$908,166
Value of fidelity bond covering the plan	2013-12-31	$3,000,000
Other income received	2013-12-31	$2,789
Net income (gross income less expenses)	2013-12-31	$23,820
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$931,986
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$908,166
Total contributions received or receivable from employer(s)	2013-12-31	$90,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$5,285
Expenses. Total of all expenses incurred	2012-12-31	$798
Benefits paid (including direct rollovers)	2012-12-31	$798
Total plan assets at end of year	2012-12-31	$908,166
Total plan assets at beginning of year	2012-12-31	$903,679
Value of fidelity bond covering the plan	2012-12-31	$5,000,000
Other income received	2012-12-31	$5,285
Net income (gross income less expenses)	2012-12-31	$4,487
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$908,166
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$903,679
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2011 401k financial data
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$3,679
Expenses. Total of all expenses incurred	2011-12-31	$0
Benefits paid (including direct rollovers)	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$903,679
Total plan assets at beginning of year	2011-12-31	$900,000
Value of fidelity bond covering the plan	2011-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2011-12-31	$0
Other income received	2011-12-31	$3,679
Net income (gross income less expenses)	2011-12-31	$3,679
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$903,679
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$900,000
Total contributions received or receivable from employer(s)	2011-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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	$900,000
Expenses. Total of all expenses incurred	2010-12-31	$0
Total plan assets at end of year	2010-12-31	$900,000
Total plan assets at beginning of year	2010-12-31	$0
Value of fidelity bond covering the plan	2010-12-31	$90,000
Net income (gross income less expenses)	2010-12-31	$900,000
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$900,000
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$0
Total contributions received or receivable from employer(s)	2010-12-31	$900,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2022: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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: BANK OF OAK RIDGE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	First time form 5500 has been submitted	Yes
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

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Company Name:	BANK OF OAK RIDGE
Employer identification number (EIN):	562149229
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	0543619