THE FIRST, A NATIONAL BANKING ASSOCIATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $15,502,195 |
| Total of all expenses incurred | 2023-12-31 | $3,334,092 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $3,129,735 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $9,490,191 |
| Value of total assets at end of year | 2023-12-31 | $48,421,509 |
| Value of total assets at beginning of year | 2023-12-31 | $36,253,406 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $204,357 |
| Total interest from all sources | 2023-12-31 | $51,088 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $1,352,240 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $1,352,240 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $4,858,210 |
| Participant contributions at beginning of year | 2023-12-31 | $143,321 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $3,191,220 |
| Administrative expenses (other) incurred | 2023-12-31 | $204,357 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $12,168,103 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $48,421,509 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $36,253,406 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $44,379,150 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $32,010,919 |
| Interest earned on other investments | 2023-12-31 | $51,088 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $4,042,359 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $4,050,250 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $4,608,676 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,440,761 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $48,916 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $3,129,735 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | PLITZ, WILLIAMS, LAROSA AND CO. |
| Accountancy firm EIN | 2023-12-31 | 640767134 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $15,502,195 |
| Total of all expenses incurred | 2023-01-01 | $3,334,092 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $3,129,735 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $9,490,191 |
| Value of total assets at end of year | 2023-01-01 | $48,421,509 |
| Value of total assets at beginning of year | 2023-01-01 | $36,253,406 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $204,357 |
| Total interest from all sources | 2023-01-01 | $51,088 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $1,352,240 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $1,352,240 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $4,858,210 |
| Participant contributions at beginning of year | 2023-01-01 | $143,321 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $3,191,220 |
| Administrative expenses (other) incurred | 2023-01-01 | $204,357 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $12,168,103 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $48,421,509 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $36,253,406 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $44,379,150 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $32,010,919 |
| Interest earned on other investments | 2023-01-01 | $51,088 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $4,042,359 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $4,050,250 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $4,608,676 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $1,440,761 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $48,916 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $3,129,735 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | PLITZ, WILLIAMS, LAROSA AND CO. |
| Accountancy firm EIN | 2023-01-01 | 640767134 |
| 2022 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $790,890 |
| Total of all expenses incurred | 2022-12-31 | $2,846,061 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,664,977 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $6,202,409 |
| Value of total assets at end of year | 2022-12-31 | $36,061,169 |
| Value of total assets at beginning of year | 2022-12-31 | $38,116,340 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $181,084 |
| Total interest from all sources | 2022-12-31 | $975 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $1,592,047 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $1,592,047 |
| Administrative expenses professional fees incurred | 2022-12-31 | $181,084 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $3,514,952 |
| Participant contributions at end of year | 2022-12-31 | $143,321 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,527,626 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-2,055,171 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $36,061,169 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $38,116,340 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $32,129,079 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $34,829,803 |
| Interest earned on other investments | 2022-12-31 | $33,531 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $975 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $3,932,090 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $3,286,537 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-7,004,541 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $1,159,831 |
| Employer contributions (assets) at end of year | 2022-12-31 | $48,916 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,664,977 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2022-12-31 | 640575804 |
| Total income from all sources (including contributions) | 2022-01-01 | $790,890 |
| Total of all expenses incurred | 2022-01-01 | $2,846,061 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $2,664,977 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $6,202,409 |
| Value of total assets at end of year | 2022-01-01 | $36,061,169 |
| Value of total assets at beginning of year | 2022-01-01 | $38,116,340 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $181,084 |
| Total interest from all sources | 2022-01-01 | $975 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $1,592,047 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $1,592,047 |
| Administrative expenses professional fees incurred | 2022-01-01 | $181,084 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $3,514,952 |
| Participant contributions at end of year | 2022-01-01 | $143,321 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $1,527,626 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-2,055,171 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $36,061,169 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $38,116,340 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $32,129,079 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $34,829,803 |
| Interest earned on other investments | 2022-01-01 | $33,531 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $975 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $3,932,090 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $3,286,537 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-7,004,541 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $1,159,831 |
| Employer contributions (assets) at end of year | 2022-01-01 | $48,916 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $2,664,977 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2022-01-01 | 640575804 |
| 2021 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $8,853,155 |
| Total of all expenses incurred | 2021-12-31 | $2,676,054 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,503,503 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $4,662,860 |
| Value of total assets at end of year | 2021-12-31 | $38,116,340 |
| Value of total assets at beginning of year | 2021-12-31 | $31,939,239 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $172,551 |
| Total interest from all sources | 2021-12-31 | $742 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $1,937,054 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $1,937,054 |
| Administrative expenses professional fees incurred | 2021-12-31 | $172,551 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $2,953,497 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $649,815 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2021-12-31 | $11,939 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $6,177,101 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $38,116,340 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $31,939,239 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $34,829,803 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $29,198,117 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $742 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $3,286,537 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $2,741,122 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $2,252,499 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $1,059,548 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,491,564 |
| Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2021-12-31 | 640575804 |
| 2020 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $9,369,500 |
| Total of all expenses incurred | 2020-12-31 | $3,313,047 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $3,173,830 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $5,283,829 |
| Value of total assets at end of year | 2020-12-31 | $31,939,239 |
| Value of total assets at beginning of year | 2020-12-31 | $25,882,786 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $139,217 |
| Total interest from all sources | 2020-12-31 | $625 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $1,033,292 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $1,033,292 |
| Administrative expenses professional fees incurred | 2020-12-31 | $139,217 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $2,865,162 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $1,399,708 |
| 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 | $6,056,453 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $31,939,239 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $25,882,786 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $29,198,117 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $23,816,221 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $625 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $2,741,122 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $2,066,565 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $3,051,754 |
| 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 |
| Contributions received in cash from employer | 2020-12-31 | $1,018,959 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $3,173,830 |
| 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 |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2020-12-31 | 640575804 |
| 2019 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $9,975,063 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $3,301,768 |
| Total of all expenses incurred | 2019-12-31 | $3,301,768 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $3,185,020 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $6,219,120 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $6,219,120 |
| Value of total assets at end of year | 2019-12-31 | $25,882,786 |
| Value of total assets at end of year | 2019-12-31 | $25,882,786 |
| Value of total assets at beginning of year | 2019-12-31 | $19,209,491 |
| Value of total assets at beginning of year | 2019-12-31 | $19,209,491 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $116,748 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $116,748 |
| Total interest from all sources | 2019-12-31 | $23,826 |
| Total interest from all sources | 2019-12-31 | $23,826 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $922,728 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $922,728 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $922,728 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $922,728 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $7,000,000 |
| Value of fidelity bond cover | 2019-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $2,260,937 |
| Contributions received from participants | 2019-12-31 | $2,260,937 |
| Participant contributions at beginning of year | 2019-12-31 | $76,492 |
| Participant contributions at beginning of year | 2019-12-31 | $76,492 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $3,188,165 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $3,188,165 |
| Administrative expenses (other) incurred | 2019-12-31 | $116,748 |
| Administrative expenses (other) incurred | 2019-12-31 | $116,748 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $6,673,295 |
| Value of net income/loss | 2019-12-31 | $6,673,295 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $25,882,786 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $25,882,786 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $19,209,491 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $19,209,491 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $23,816,221 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $23,816,221 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $17,404,954 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $17,404,954 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $23,826 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $23,826 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $2,066,565 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $2,066,565 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $1,699,858 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $1,699,858 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,809,389 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,809,389 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $770,018 |
| Contributions received in cash from employer | 2019-12-31 | $770,018 |
| Employer contributions (assets) at beginning of year | 2019-12-31 | $28,187 |
| Employer contributions (assets) at beginning of year | 2019-12-31 | $28,187 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,185,020 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,185,020 |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Aggregate proceeds on sale of assets | 2019-12-31 | $0 |
| Aggregate proceeds on sale of assets | 2019-12-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm name | 2019-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2019-12-31 | 640575804 |
| Accountancy firm EIN | 2019-12-31 | 640575804 |
| 2018 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2018 401k financial data |
|---|
| Total income from all sources (including contributions) | 2018-12-31 | $4,307,030 |
| Total of all expenses incurred | 2018-12-31 | $1,871,752 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,772,970 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $5,123,644 |
| Value of total assets at end of year | 2018-12-31 | $19,209,491 |
| Value of total assets at beginning of year | 2018-12-31 | $16,774,213 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $98,782 |
| Total interest from all sources | 2018-12-31 | $812,112 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $1,728,981 |
| Participant contributions at end of year | 2018-12-31 | $76,492 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $2,766,481 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $2,435,278 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $19,209,491 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $16,774,213 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Investment advisory and management fees | 2018-12-31 | $98,782 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $17,404,954 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $15,145,389 |
| Interest earned on other investments | 2018-12-31 | $793,659 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $18,453 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $1,699,858 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $1,628,824 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-1,628,726 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Contributions received in cash from employer | 2018-12-31 | $628,182 |
| Employer contributions (assets) at end of year | 2018-12-31 | $28,187 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,772,970 |
| Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2018-12-31 | 640575804 |
| 2017 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2017 401k financial data |
|---|
| Total income from all sources (including contributions) | 2017-12-31 | $8,459,389 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $1,324,767 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $1,264,081 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $6,507,977 |
| Value of total assets at end of year | 2017-12-31 | $16,774,213 |
| Value of total assets at beginning of year | 2017-12-31 | $9,639,591 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $60,686 |
| Total interest from all sources | 2017-12-31 | $438,304 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $7,000,000 |
| 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 | $1,420,647 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $4,574,554 |
| Total non interest bearing cash at beginning of year | 2017-12-31 | $1,539 |
| 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 | $7,134,622 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $16,774,213 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $9,639,591 |
| 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 | $60,686 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $15,145,389 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $8,446,571 |
| Interest on participant loans | 2017-12-31 | $0 |
| Interest earned on other investments | 2017-12-31 | $420,072 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $18,232 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $1,628,824 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $1,191,481 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,513,108 |
| 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 |
| Contributions received in cash from employer | 2017-12-31 | $512,776 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $1,264,081 |
| 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 |
| Aggregate proceeds on sale of assets | 2017-12-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2017-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2017-12-31 | 640575804 |
| 2016 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2016 401k financial data |
|---|
| Total transfer of assets to this plan | 2016-12-31 | $0 |
| Total transfer of assets from this plan | 2016-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $795 |
| Total income from all sources (including contributions) | 2016-12-31 | $2,355,715 |
| Total of all expenses incurred | 2016-12-31 | $682,202 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $673,184 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,776,424 |
| Value of total assets at end of year | 2016-12-31 | $9,639,591 |
| Value of total assets at beginning of year | 2016-12-31 | $7,966,873 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $9,018 |
| Total interest from all sources | 2016-12-31 | $462,194 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $7,000,000 |
| 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 | $954,155 |
| Participant contributions at beginning of year | 2016-12-31 | $33,293 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $483,069 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $795 |
| Administrative expenses (other) incurred | 2016-12-31 | $9,018 |
| Total non interest bearing cash at end of year | 2016-12-31 | $1,539 |
| 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 |
| Income. Non cash contributions | 2016-12-31 | $0 |
| Value of net income/loss | 2016-12-31 | $1,673,513 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $9,639,591 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $7,966,078 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $8,446,571 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $6,813,886 |
| Interest earned on other investments | 2016-12-31 | $448,780 |
| Income. Interest from US Government securities | 2016-12-31 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $13,414 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $1,191,481 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $1,107,285 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $117,097 |
| 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 |
| Contributions received in cash from employer | 2016-12-31 | $339,200 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $12,409 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $673,184 |
| 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 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2016-12-31 | 640575804 |
| 2015 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2015 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $795 |
| Total income from all sources (including contributions) | 2015-12-31 | $1,133,229 |
| Total of all expenses incurred | 2015-12-31 | $772,016 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $763,728 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,215,256 |
| Value of total assets at end of year | 2015-12-31 | $7,966,873 |
| Value of total assets at beginning of year | 2015-12-31 | $7,604,865 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $8,288 |
| Total interest from all sources | 2015-12-31 | $564,146 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $7,000,000 |
| 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 | $781,533 |
| Participant contributions at end of year | 2015-12-31 | $33,293 |
| Participant contributions at beginning of year | 2015-12-31 | $11,197 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $146,830 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2015-12-31 | $795 |
| Administrative expenses (other) incurred | 2015-12-31 | $8,288 |
| Total non interest bearing cash at beginning of year | 2015-12-31 | $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 | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $361,213 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $7,966,078 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $7,604,865 |
| 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 | $6,813,886 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $6,471,292 |
| Interest earned on other investments | 2015-12-31 | $550,818 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $13,328 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $1,107,285 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $1,095,098 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-646,173 |
| 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 |
| Contributions received in cash from employer | 2015-12-31 | $286,893 |
| Employer contributions (assets) at end of year | 2015-12-31 | $12,409 |
| Employer contributions (assets) at beginning of year | 2015-12-31 | $27,278 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $763,728 |
| 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 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
| Accountancy firm name | 2015-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2015-12-31 | 640575804 |
| 2014 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2014 401k financial data |
|---|
| Total income from all sources (including contributions) | 2014-12-31 | $1,331,758 |
| Total of all expenses incurred | 2014-12-31 | $691,498 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $686,885 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $986,292 |
| Value of total assets at end of year | 2014-12-31 | $7,604,865 |
| Value of total assets at beginning of year | 2014-12-31 | $6,964,605 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $4,613 |
| Total interest from all sources | 2014-12-31 | $493,405 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $653,700 |
| Participant contributions at end of year | 2014-12-31 | $11,197 |
| Participant contributions at beginning of year | 2014-12-31 | $10,888 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $76,876 |
| Administrative expenses (other) incurred | 2014-12-31 | $4,613 |
| Total non interest bearing cash at end of year | 2014-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2014-12-31 | $1,065 |
| 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 | $640,260 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $7,604,865 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $6,964,605 |
| 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 | $6,471,292 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $5,866,092 |
| Interest earned on other investments | 2014-12-31 | $479,717 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $13,688 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $1,095,098 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $1,060,025 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $-147,939 |
| Net investment gain/loss from pooled separate accounts | 2014-12-31 | $0 |
| 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 |
| Contributions received in cash from employer | 2014-12-31 | $255,716 |
| Employer contributions (assets) at end of year | 2014-12-31 | $27,278 |
| Employer contributions (assets) at beginning of year | 2014-12-31 | $26,535 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $686,885 |
| 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 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2014-12-31 | 640575804 |
| 2013 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
| Total income from all sources (including contributions) | 2013-12-31 | $2,898,843 |
| Total of all expenses incurred | 2013-12-31 | $378,260 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $369,748 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $2,427,588 |
| Value of total assets at end of year | 2013-12-31 | $6,964,605 |
| Value of total assets at beginning of year | 2013-12-31 | $4,444,022 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $8,512 |
| Total interest from all sources | 2013-12-31 | $393,401 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $0 |
| 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 | $0 |
| Administrative expenses professional fees incurred | 2013-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| 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 | $643,938 |
| Participant contributions at end of year | 2013-12-31 | $10,888 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $1,535,295 |
| Administrative expenses (other) incurred | 2013-12-31 | $8,512 |
| Total non interest bearing cash at end of year | 2013-12-31 | $1,065 |
| 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 | $2,520,583 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $6,964,605 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $4,444,022 |
| 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 | $5,866,092 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $4,407,959 |
| Value of interest in pooled separate accounts at end of year | 2013-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $0 |
| Interest earned on other investments | 2013-12-31 | $393,401 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2013-12-31 | $1,060,025 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $36,063 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $77,854 |
| Net investment gain/loss from pooled separate accounts | 2013-12-31 | $77,854 |
| 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 |
| Contributions received in cash from employer | 2013-12-31 | $248,355 |
| Employer contributions (assets) at end of year | 2013-12-31 | $26,535 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $369,748 |
| 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 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
| Accountancy firm name | 2013-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2013-12-31 | 640575804 |
| 2012 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2012 401k financial data |
|---|
| Total income from all sources (including contributions) | 2012-12-31 | $1,487,373 |
| Total of all expenses incurred | 2012-12-31 | $206,326 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $206,326 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $1,043,293 |
| Value of total assets at end of year | 2012-12-31 | $4,444,022 |
| Value of total assets at beginning of year | 2012-12-31 | $3,162,975 |
| Total interest from all sources | 2012-12-31 | $110,335 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $474,997 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $378,777 |
| Other income not declared elsewhere | 2012-12-31 | $377,381 |
| 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 |
| Value of net income/loss | 2012-12-31 | $1,281,047 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $4,444,022 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $3,162,975 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $4,407,959 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $2,114,676 |
| Value of interest in pooled separate accounts at end of year | 2012-12-31 | $4,407,959 |
| Interest earned on other investments | 2012-12-31 | $110,335 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2012-12-31 | $36,063 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $1,048,299 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $-43,636 |
| Net investment gain/loss from pooled separate accounts | 2012-12-31 | $-43,636 |
| 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 |
| Contributions received in cash from employer | 2012-12-31 | $189,519 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $206,326 |
| 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 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
| Accountancy firm name | 2012-12-31 | T.E. LOTT & COMPANY |
| Accountancy firm EIN | 2012-12-31 | 640575804 |
| 2011 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
| 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 |
| Total income from all sources (including contributions) | 2011-12-31 | $397,095 |
| Total loss/gain on sale of assets | 2011-12-31 | $0 |
| Total of all expenses incurred | 2011-12-31 | $88,433 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $88,433 |
| Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $0 |
| Value of total corrective distributions | 2011-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $491,962 |
| Value of total assets at end of year | 2011-12-31 | $3,162,975 |
| Value of total assets at beginning of year | 2011-12-31 | $2,854,313 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $0 |
| Total interest from all sources | 2011-12-31 | $29,204 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Funding deficiency by the employer to the plan for this plan year | 2011-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2011-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 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 | $349,378 |
| 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 | $0 |
| Other income not declared elsewhere | 2011-12-31 | $0 |
| Administrative expenses (other) incurred | 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 |
| Value of net income/loss | 2011-12-31 | $308,662 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $3,162,975 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,854,313 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $2,114,676 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $1,910,481 |
| Value of interest in pooled separate accounts at end of year | 2011-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $0 |
| Interest on participant loans | 2011-12-31 | $0 |
| Interest earned on other investments | 2011-12-31 | $29,204 |
| Value of interest in common/collective trusts at end of year | 2011-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2011-12-31 | $1,048,299 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $943,832 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-124,071 |
| Net investment gain or loss from common/collective trusts | 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 | $0 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $0 |
| Contributions received in cash from employer | 2011-12-31 | $142,584 |
| 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 | $88,433 |
| 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 |
| 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 |
| 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 |
| 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 | T E LOTT & COMPANY |
| Accountancy firm EIN | 2011-12-31 | 640575804 |
| 2010 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
| 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 |
| Total income from all sources (including contributions) | 2010-12-31 | $702,656 |
| Total loss/gain on sale of assets | 2010-12-31 | $0 |
| Total of all expenses incurred | 2010-12-31 | $248,874 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $248,874 |
| Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $0 |
| Value of total corrective distributions | 2010-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $427,084 |
| Value of total assets at end of year | 2010-12-31 | $2,854,313 |
| Value of total assets at beginning of year | 2010-12-31 | $2,400,531 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $0 |
| Total interest from all sources | 2010-12-31 | $28,904 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Funding deficiency by the employer to the plan for this plan year | 2010-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2010-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 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 | $297,964 |
| 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 | $0 |
| Other income not declared elsewhere | 2010-12-31 | $0 |
| Administrative expenses (other) incurred | 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 |
| Value of net income/loss | 2010-12-31 | $453,782 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $2,854,313 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,400,531 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $1,910,481 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $1,466,088 |
| Value of interest in pooled separate accounts at end of year | 2010-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $0 |
| Interest on participant loans | 2010-12-31 | $0 |
| Interest earned on other investments | 2010-12-31 | $28,904 |
| Value of interest in common/collective trusts at end of year | 2010-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $943,832 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $934,443 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2010-12-31 | $246,668 |
| Net investment gain or loss from common/collective trusts | 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 | $0 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $0 |
| Contributions received in cash from employer | 2010-12-31 | $129,120 |
| Income. Dividends from common stock | 2010-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $248,874 |
| 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 |
| 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 |
| 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 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | T. E. LOTT & COMPANY |
| Accountancy firm EIN | 2010-12-31 | 640575804 |
| 2009 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2009 401k financial data |
|---|
| Funding deficiency by the employer to the plan for this plan year | 2009-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2009-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2009-12-31 | $0 |
