401k Plan data: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST plan

INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST
Plan identification number	001

INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INDEPENDENCE BANK has sponsored the creation of one or more 401k plans.

Company Name: INDEPENDENCE BANK

Employer identification number (EIN): 810331859

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 ANDY CARLSON 2024-10-10
001 2022-01-01 ANDY CARLSON 2023-07-31
001 2021-01-01 ANDY CARLSON 2022-07-12
001 2020-01-01 KAY MAYER 2021-09-16
001 2019-01-01 KAY MAYER 2020-06-03
001 2017-01-01 KAY MAYER
001 2016-01-01 KAY MAYER
001 2015-01-01 KAY MAYER
001 2014-01-01 KAY MAYER
001 2013-01-01 KAY MAYER
001 2012-01-01 KAY MAYER
001 2011-01-01 KAY MAYER
001 2010-01-01 KAY MAYER 2011-04-18
001 2009-01-01 KAY MAYER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	ANDY CARLSON	2024-10-10
001	2022-01-01	ANDY CARLSON	2023-07-31
001	2021-01-01	ANDY CARLSON	2022-07-12
001	2020-01-01	KAY MAYER	2021-09-16
001	2019-01-01	KAY MAYER	2020-06-03
001	2017-01-01	KAY MAYER
001	2016-01-01	KAY MAYER
001	2015-01-01	KAY MAYER
001	2014-01-01	KAY MAYER
001	2013-01-01	KAY MAYER
001	2012-01-01	KAY MAYER
001	2011-01-01	KAY MAYER
001	2010-01-01	KAY MAYER	2011-04-18
001	2009-01-01	KAY MAYER

Plan Statistics for INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year 2023-01-01 185
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 140
Number of retired or separated participants receiving benefits 2023-01-01 21
Number of other retired or separated participants entitled to future benefits 2023-01-01 32
Total of all active and inactive participants 2023-01-01 193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 193
Number of participants with account balances 2023-01-01 174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 9
2022: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 160
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 134
Number of retired or separated participants receiving benefits 2022-01-01 19
Number of other retired or separated participants entitled to future benefits 2022-01-01 30
Total of all active and inactive participants 2022-01-01 183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 183
Number of participants with account balances 2022-01-01 159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 9
2021: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 153
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 115
Number of retired or separated participants receiving benefits 2021-01-01 18
Number of other retired or separated participants entitled to future benefits 2021-01-01 24
Total of all active and inactive participants 2021-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 158
Number of participants with account balances 2021-01-01 149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 3
2020: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year 2020-01-01 142
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 115
Number of retired or separated participants receiving benefits 2020-01-01 17
Number of other retired or separated participants entitled to future benefits 2020-01-01 18
Total of all active and inactive participants 2020-01-01 150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 151
Number of participants with account balances 2020-01-01 140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 4
2019: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year 2019-01-01 136
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 110
Number of retired or separated participants receiving benefits 2019-01-01 13
Number of other retired or separated participants entitled to future benefits 2019-01-01 18
Total of all active and inactive participants 2019-01-01 141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 142
Number of participants with account balances 2019-01-01 133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4
2017: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 100
Number of retired or separated participants receiving benefits 2017-01-01 2
Number of other retired or separated participants entitled to future benefits 2017-01-01 29
Total of all active and inactive participants 2017-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 131
Number of participants with account balances 2017-01-01 118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 7
2016: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year 2016-01-01 119
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 97
Number of retired or separated participants receiving benefits 2016-01-01 1
Number of other retired or separated participants entitled to future benefits 2016-01-01 35
Total of all active and inactive participants 2016-01-01 133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 133
Number of participants with account balances 2016-01-01 118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 3
2015: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 90
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 27
Total of all active and inactive participants 2015-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 117
Number of participants with account balances 2015-01-01 102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 6
2014: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 110
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 87
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 25
Total of all active and inactive participants 2014-01-01 112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 112
Number of participants with account balances 2014-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 4
2013: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 80
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 26
Total of all active and inactive participants 2013-01-01 106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 106
Number of participants with account balances 2013-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 4
2012: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 80
Number of retired or separated participants receiving benefits 2012-01-01 3
Number of other retired or separated participants entitled to future benefits 2012-01-01 15
Total of all active and inactive participants 2012-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 98
Number of participants with account balances 2012-01-01 92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 3
2011: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 75
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 16
Total of all active and inactive participants 2011-01-01 91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 91
Number of participants with account balances 2011-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 9
2009: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 80
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 11
Total of all active and inactive participants 2009-01-01 91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 91
Number of participants with account balances 2009-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 4

Measure	Date	Value
2023: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year	2023-01-01	185
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	140
Number of retired or separated participants receiving benefits	2023-01-01	21
Number of other retired or separated participants entitled to future benefits	2023-01-01	32
Total of all active and inactive participants	2023-01-01	193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	193
Number of participants with account balances	2023-01-01	174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	9
2022: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	160
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	134
Number of retired or separated participants receiving benefits	2022-01-01	19
Number of other retired or separated participants entitled to future benefits	2022-01-01	30
Total of all active and inactive participants	2022-01-01	183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	183
Number of participants with account balances	2022-01-01	159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	9
2021: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	153
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	115
Number of retired or separated participants receiving benefits	2021-01-01	18
Number of other retired or separated participants entitled to future benefits	2021-01-01	24
Total of all active and inactive participants	2021-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	158
Number of participants with account balances	2021-01-01	149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	3
2020: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year	2020-01-01	142
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	115
Number of retired or separated participants receiving benefits	2020-01-01	17
Number of other retired or separated participants entitled to future benefits	2020-01-01	18
Total of all active and inactive participants	2020-01-01	150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	151
Number of participants with account balances	2020-01-01	140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	4
2019: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year	2019-01-01	136
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	110
Number of retired or separated participants receiving benefits	2019-01-01	13
Number of other retired or separated participants entitled to future benefits	2019-01-01	18
Total of all active and inactive participants	2019-01-01	141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	142
Number of participants with account balances	2019-01-01	133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4
2017: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	100
Number of retired or separated participants receiving benefits	2017-01-01	2
Number of other retired or separated participants entitled to future benefits	2017-01-01	29
Total of all active and inactive participants	2017-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	131
Number of participants with account balances	2017-01-01	118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	7
2016: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year	2016-01-01	119
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	97
Number of retired or separated participants receiving benefits	2016-01-01	1
Number of other retired or separated participants entitled to future benefits	2016-01-01	35
Total of all active and inactive participants	2016-01-01	133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	133
Number of participants with account balances	2016-01-01	118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	3
2015: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	90
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	27
Total of all active and inactive participants	2015-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	117
Number of participants with account balances	2015-01-01	102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	6
2014: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	110
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	87
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	25
Total of all active and inactive participants	2014-01-01	112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	112
Number of participants with account balances	2014-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	4
2013: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	80
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	26
Total of all active and inactive participants	2013-01-01	106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	106
Number of participants with account balances	2013-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	4
2012: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	80
Number of retired or separated participants receiving benefits	2012-01-01	3
Number of other retired or separated participants entitled to future benefits	2012-01-01	15
Total of all active and inactive participants	2012-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	98
Number of participants with account balances	2012-01-01	92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	3
2011: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	75
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	16
Total of all active and inactive participants	2011-01-01	91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	91
Number of participants with account balances	2011-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	9
2009: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	80
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	11
Total of all active and inactive participants	2009-01-01	91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	91
Number of participants with account balances	2009-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	4

Financial Data on INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2023 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2023-12-31	$662,201
Total unrealized appreciation/depreciation of assets	2023-12-31	$662,201
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$3,478
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$3,337
Total income from all sources (including contributions)	2023-12-31	$4,988,790
Total loss/gain on sale of assets	2023-12-31	$368,349
Total of all expenses incurred	2023-12-31	$1,931,029
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$1,829,761
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$2,042,560
Value of total assets at end of year	2023-12-31	$29,302,408
Value of total assets at beginning of year	2023-12-31	$26,244,506
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$101,268
Total interest from all sources	2023-12-31	$13,559
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$866,513
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$467,749
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$6,000,000
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	$169,399
Participant contributions at end of year	2023-12-31	$25,651
Participant contributions at beginning of year	2023-12-31	$36,361
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$40,018
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$3,478
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$3,337
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	$3,057,761
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$29,298,930
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$26,241,169
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
Investment advisory and management fees	2023-12-31	$77,779
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$11,998,027
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$7,003,937
Interest on participant loans	2023-12-31	$1,330
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$81,908
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$1,819,184
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$1,819,184
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-12-31	$12,229
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$900,924
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$508,312
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,035,608
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
Assets. Invements in employer securities at end of year	2023-12-31	$12,327,700
Assets. Invements in employer securities at beginning of year	2023-12-31	$11,665,500
Contributions received in cash from employer	2023-12-31	$1,833,143
Employer contributions (assets) at end of year	2023-12-31	$1,833,143
Employer contributions (assets) at beginning of year	2023-12-31	$1,641,269
Income. Dividends from common stock	2023-12-31	$398,764
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$1,829,761
Contract administrator fees	2023-12-31	$3,933
Assets. Corporate common stocks other than exployer securities at end of year	2023-12-31	$2,135,055
Assets. Corporate common stocks other than exployer securities at beginning of year	2023-12-31	$3,569,943
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
Aggregate proceeds on sale of assets	2023-12-31	$6,332,270
Aggregate carrying amount (costs) on sale of assets	2023-12-31	$5,963,921
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2023-12-31	810446334
Unrealized appreciation/depreciation of other (non real estate) assets	2023-01-01	$662,201
Total unrealized appreciation/depreciation of assets	2023-01-01	$662,201
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$3,478
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-01-01	$3,337
Total income from all sources (including contributions)	2023-01-01	$4,988,790
Total loss/gain on sale of assets	2023-01-01	$368,349
Total of all expenses incurred	2023-01-01	$1,931,029
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-01-01	$1,829,761
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-01-01	$2,042,560
Value of total assets at end of year	2023-01-01	$29,302,408
Value of total assets at beginning of year	2023-01-01	$26,244,506
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-01-01	$101,268
Total interest from all sources	2023-01-01	$13,559
Total dividends received (eg from common stock, registered investment company shares)	2023-01-01	$866,513
Total dividends received from registered investment company shares (eg mutual funds)	2023-01-01	$467,749
Was this plan covered by a fidelity bond	2023-01-01	Yes
Value of fidelity bond cover	2023-01-01	$6,000,000
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	$169,399
Participant contributions at end of year	2023-01-01	$25,651
Participant contributions at beginning of year	2023-01-01	$36,361
Income. Received or receivable in cash from other sources (including rollovers)	2023-01-01	$40,018
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-01-01	$3,478
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-01-01	$3,337
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	$3,057,761
Value of net assets at end of year (total assets less liabilities)	2023-01-01	$29,298,930
Value of net assets at beginning of year (total assets less liabilities)	2023-01-01	$26,241,169
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
Investment advisory and management fees	2023-01-01	$77,779
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-01-01	$11,998,027
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-01-01	$7,003,937
Interest on participant loans	2023-01-01	$1,330
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-01-01	$81,908
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-01-01	$12,229
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-01-01	$900,924
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-01-01	$508,312
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-01-01	$1,035,608
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
Assets. Invements in employer securities at end of year	2023-01-01	$12,327,700
Assets. Invements in employer securities at beginning of year	2023-01-01	$11,665,500
Contributions received in cash from employer	2023-01-01	$1,833,143
Employer contributions (assets) at end of year	2023-01-01	$1,833,143
Employer contributions (assets) at beginning of year	2023-01-01	$1,641,269
Income. Dividends from common stock	2023-01-01	$398,764
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-01-01	$1,829,761
Contract administrator fees	2023-01-01	$3,933
Assets. Corporate common stocks other than exployer securities at end of year	2023-01-01	$2,135,055
Assets. Corporate common stocks other than exployer securities at beginning of year	2023-01-01	$3,569,943
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
Aggregate proceeds on sale of assets	2023-01-01	$6,332,270
Aggregate carrying amount (costs) on sale of assets	2023-01-01	$5,963,921
Opinion of an independent qualified public accountant for this plan	2023-01-01	1
Accountancy firm name	2023-01-01	DOUGLAS WILSON & CO.
Accountancy firm EIN	2023-01-01	810446334
2022 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$-1,727,156
Total unrealized appreciation/depreciation of assets	2022-12-31	$-1,727,156
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$3,337
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$3,112
Total income from all sources (including contributions)	2022-12-31	$-644,259
Total loss/gain on sale of assets	2022-12-31	$166,007
Total of all expenses incurred	2022-12-31	$2,756,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$2,694,320
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,824,227
Value of total assets at end of year	2022-12-31	$26,244,506
Value of total assets at beginning of year	2022-12-31	$29,645,287
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$62,427
Total interest from all sources	2022-12-31	$55,770
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$978,061
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$619,576
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
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	$170,292
Participant contributions at end of year	2022-12-31	$36,361
Participant contributions at beginning of year	2022-12-31	$60,847
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$12,266
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$600
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$3,337
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$3,112
Administrative expenses (other) incurred	2022-12-31	$18,923
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	$-3,401,006
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$26,241,169
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$29,642,175
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
Investment advisory and management fees	2022-12-31	$43,504
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$7,003,937
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$7,911,982
Interest on participant loans	2022-12-31	$2,059
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$1,819,184
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$2,825,189
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$2,825,189
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$53,711
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$508,312
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$701,088
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,941,168
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
Assets. Invements in employer securities at end of year	2022-12-31	$11,665,500
Assets. Invements in employer securities at beginning of year	2022-12-31	$12,666,500
Contributions received in cash from employer	2022-12-31	$1,641,669
Employer contributions (assets) at end of year	2022-12-31	$1,641,269
Employer contributions (assets) at beginning of year	2022-12-31	$1,576,649
Income. Dividends from common stock	2022-12-31	$358,485
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$2,694,320
Assets. Corporate common stocks other than exployer securities at end of year	2022-12-31	$3,569,943
Assets. Corporate common stocks other than exployer securities at beginning of year	2022-12-31	$3,902,432
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
Aggregate proceeds on sale of assets	2022-12-31	$544,735
Aggregate carrying amount (costs) on sale of assets	2022-12-31	$378,728
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2022-12-31	810446334
Unrealized appreciation/depreciation of other (non real estate) assets	2022-01-01	$-1,727,156
Total unrealized appreciation/depreciation of assets	2022-01-01	$-1,727,156
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$3,337
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-01-01	$3,112
Total income from all sources (including contributions)	2022-01-01	$-644,259
Total loss/gain on sale of assets	2022-01-01	$166,007
Total of all expenses incurred	2022-01-01	$2,756,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-01-01	$2,694,320
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-01-01	$1,824,227
Value of total assets at end of year	2022-01-01	$26,244,506
Value of total assets at beginning of year	2022-01-01	$29,645,287
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-01-01	$62,427
Total interest from all sources	2022-01-01	$55,770
Total dividends received (eg from common stock, registered investment company shares)	2022-01-01	$978,061
Total dividends received from registered investment company shares (eg mutual funds)	2022-01-01	$619,576
Was this plan covered by a fidelity bond	2022-01-01	Yes
Value of fidelity bond cover	2022-01-01	$1,000,000
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	$170,292
Participant contributions at end of year	2022-01-01	$36,361
Participant contributions at beginning of year	2022-01-01	$60,847
Income. Received or receivable in cash from other sources (including rollovers)	2022-01-01	$12,266
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-01-01	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-01-01	$600
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-01-01	$3,337
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-01-01	$3,112
Administrative expenses (other) incurred	2022-01-01	$18,923
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	$-3,401,006
Value of net assets at end of year (total assets less liabilities)	2022-01-01	$26,241,169
Value of net assets at beginning of year (total assets less liabilities)	2022-01-01	$29,642,175
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
Investment advisory and management fees	2022-01-01	$43,504
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-01-01	$7,003,937
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-01-01	$7,911,982
Interest on participant loans	2022-01-01	$2,059
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-01-01	$1,819,184
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-01-01	$53,711
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-01-01	$508,312
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-01-01	$701,088
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-01-01	$-1,941,168
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
Assets. Invements in employer securities at end of year	2022-01-01	$11,665,500
Assets. Invements in employer securities at beginning of year	2022-01-01	$12,666,500
Contributions received in cash from employer	2022-01-01	$1,641,669
Employer contributions (assets) at end of year	2022-01-01	$1,641,269
Employer contributions (assets) at beginning of year	2022-01-01	$1,576,649
Income. Dividends from common stock	2022-01-01	$358,485
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-01-01	$2,694,320
Assets. Corporate common stocks other than exployer securities at end of year	2022-01-01	$3,569,943
Assets. Corporate common stocks other than exployer securities at beginning of year	2022-01-01	$3,902,432
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
Aggregate proceeds on sale of assets	2022-01-01	$544,735
Aggregate carrying amount (costs) on sale of assets	2022-01-01	$378,728
Opinion of an independent qualified public accountant for this plan	2022-01-01	1
Accountancy firm name	2022-01-01	DOUGLAS WILSON & CO.
Accountancy firm EIN	2022-01-01	810446334
2021 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2021-12-31	$2,738,849
Total unrealized appreciation/depreciation of assets	2021-12-31	$2,738,849
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$3,112
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$1,410
Total income from all sources (including contributions)	2021-12-31	$6,162,474
Total loss/gain on sale of assets	2021-12-31	$175,395
Total of all expenses incurred	2021-12-31	$7,782,067
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$7,725,473
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,759,738
Value of total assets at end of year	2021-12-31	$29,645,287
Value of total assets at beginning of year	2021-12-31	$31,263,178
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$56,594
Total interest from all sources	2021-12-31	$112,407
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,098,284
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$738,564
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$154,531
Participant contributions at end of year	2021-12-31	$60,847
Participant contributions at beginning of year	2021-12-31	$88,415
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$28,558
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$600
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$3,112
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$1,410
Administrative expenses (other) incurred	2021-12-31	$17,635
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	$-1,619,593
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$29,642,175
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$31,261,768
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
Investment advisory and management fees	2021-12-31	$38,959
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$7,911,982
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$6,312,831
Interest on participant loans	2021-12-31	$3,563
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$2,825,189
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$8,134,036
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$8,134,036
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$108,844
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$701,088
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$1,246,818
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$277,801
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
Assets. Invements in employer securities at end of year	2021-12-31	$12,666,500
Assets. Invements in employer securities at beginning of year	2021-12-31	$10,920,000
Contributions received in cash from employer	2021-12-31	$1,576,649
Employer contributions (assets) at end of year	2021-12-31	$1,576,649
Employer contributions (assets) at beginning of year	2021-12-31	$1,563,333
Income. Dividends from common stock	2021-12-31	$359,720
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$7,725,473
Assets. Corporate common stocks other than exployer securities at end of year	2021-12-31	$3,902,432
Assets. Corporate common stocks other than exployer securities at beginning of year	2021-12-31	$2,997,745
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
Aggregate proceeds on sale of assets	2021-12-31	$527,208
Aggregate carrying amount (costs) on sale of assets	2021-12-31	$351,813
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2021-12-31	810446334
2020 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$-27,861
Total unrealized appreciation/depreciation of assets	2020-12-31	$-27,861
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$1,410
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$2,115
Total income from all sources (including contributions)	2020-12-31	$3,534,307
Total loss/gain on sale of assets	2020-12-31	$631,827
Total of all expenses incurred	2020-12-31	$561,696
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$505,522
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,703,544
Value of total assets at end of year	2020-12-31	$31,263,178
Value of total assets at beginning of year	2020-12-31	$28,291,272
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$56,174
Total interest from all sources	2020-12-31	$90,256
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$609,550
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$236,533
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$6,000,000
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
Contributions received from participants	2020-12-31	$140,211
Participant contributions at end of year	2020-12-31	$88,415
Participant contributions at beginning of year	2020-12-31	$97,076
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$20
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$1,410
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$2,115
Administrative expenses (other) incurred	2020-12-31	$12,645
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	$2,972,611
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$31,261,768
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$28,289,157
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
Investment advisory and management fees	2020-12-31	$43,529
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$6,312,831
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$6,297,710
Interest on participant loans	2020-12-31	$4,401
Interest earned on other investments	2020-12-31	$5,878
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$8,134,036
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$5,845,178
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$5,845,178
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$79,977
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,246,818
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$73,926
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$526,991
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	$10,920,000
Assets. Invements in employer securities at beginning of year	2020-12-31	$10,920,000
Contributions received in cash from employer	2020-12-31	$1,563,333
Employer contributions (assets) at end of year	2020-12-31	$1,563,333
Employer contributions (assets) at beginning of year	2020-12-31	$1,317,293
Income. Dividends from common stock	2020-12-31	$373,017
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$505,522
Assets. Corporate common stocks other than exployer securities at end of year	2020-12-31	$2,997,745
Assets. Corporate common stocks other than exployer securities at beginning of year	2020-12-31	$3,740,069
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
Aggregate proceeds on sale of assets	2020-12-31	$2,873,886
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$2,242,059
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2020-12-31	810446334
2019 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$1,637,722
Total unrealized appreciation/depreciation of assets	2019-12-31	$1,637,722
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$2,115
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$987
Total income from all sources (including contributions)	2019-12-31	$4,791,367
Total loss/gain on sale of assets	2019-12-31	$31,874
Total of all expenses incurred	2019-12-31	$599,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$552,537
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,453,099
Value of total assets at end of year	2019-12-31	$28,291,272
Value of total assets at beginning of year	2019-12-31	$24,098,673
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$47,359
Total interest from all sources	2019-12-31	$226,463
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$931,939
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$589,191
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$135,806
Participant contributions at end of year	2019-12-31	$97,076
Participant contributions at beginning of year	2019-12-31	$119,605
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$20
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$20
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$2,115
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$987
Other income not declared elsewhere	2019-12-31	$100
Administrative expenses (other) incurred	2019-12-31	$2,078
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	$4,191,471
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$28,289,157
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$24,097,686
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 leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$45,281
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$6,297,710
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$4,904,442
Interest on participant loans	2019-12-31	$5,676
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$5,845,178
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$5,318,477
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$5,318,477
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$220,787
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$73,926
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$85,873
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$510,170
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
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Assets. Invements in employer securities at end of year	2019-12-31	$10,920,000
Assets. Invements in employer securities at beginning of year	2019-12-31	$9,960,000
Contributions received in cash from employer	2019-12-31	$1,317,293
Employer contributions (assets) at end of year	2019-12-31	$1,317,293
Employer contributions (assets) at beginning of year	2019-12-31	$1,146,727
Income. Dividends from common stock	2019-12-31	$342,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$552,537
Assets. Corporate common stocks other than exployer securities at end of year	2019-12-31	$3,740,069
Assets. Corporate common stocks other than exployer securities at beginning of year	2019-12-31	$2,563,529
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
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	$456,950
Aggregate carrying amount (costs) on sale of assets	2019-12-31	$425,076
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2019-12-31	810446334
2018 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$900,306
Total unrealized appreciation/depreciation of assets	2018-12-31	$900,306
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$987
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$846
Total income from all sources (including contributions)	2018-12-31	$2,810,455
Total loss/gain on sale of assets	2018-12-31	$544,639
Total of all expenses incurred	2018-12-31	$455,377
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$403,230
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,306,411
Value of total assets at end of year	2018-12-31	$24,098,673
Value of total assets at beginning of year	2018-12-31	$21,743,454
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$52,147
Total interest from all sources	2018-12-31	$114,456
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$859,216
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$526,703
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$143,375
Participant contributions at end of year	2018-12-31	$119,605
Participant contributions at beginning of year	2018-12-31	$74,608
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$75
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$16,309
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$20
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$20
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$987
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$846
Other income not declared elsewhere	2018-12-31	$200
Administrative expenses (other) incurred	2018-12-31	$2,687
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	$2,355,078
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$24,097,686
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$21,742,608
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	$49,460
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$4,904,442
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$5,080,945
Interest on participant loans	2018-12-31	$5,564
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$5,318,477
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$3,653,436
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$3,653,436
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$108,892
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$85,873
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-914,773
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
Assets. Invements in employer securities at end of year	2018-12-31	$9,960,000
Assets. Invements in employer securities at beginning of year	2018-12-31	$8,360,000
Contributions received in cash from employer	2018-12-31	$1,146,727
Employer contributions (assets) at end of year	2018-12-31	$1,146,727
Employer contributions (assets) at beginning of year	2018-12-31	$1,022,831
Income. Dividends from common stock	2018-12-31	$332,513
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$403,230
Assets. Corporate common stocks other than exployer securities at end of year	2018-12-31	$2,563,529
Assets. Corporate common stocks other than exployer securities at beginning of year	2018-12-31	$3,551,539
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
Aggregate proceeds on sale of assets	2018-12-31	$1,871,545
Aggregate carrying amount (costs) on sale of assets	2018-12-31	$1,326,906
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	No
Opinion of an independent qualified public accountant for this plan	2018-12-31	Unqualified
Accountancy firm name	2018-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2018-12-31	810446334
2017 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$1,046,758
Total unrealized appreciation/depreciation of assets	2017-12-31	$1,046,758
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$846
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$3,381,764
Total loss/gain on sale of assets	2017-12-31	$95,812
Total of all expenses incurred	2017-12-31	$283,427
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$237,688
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,182,423
Value of total assets at end of year	2017-12-31	$21,743,454
Value of total assets at beginning of year	2017-12-31	$18,644,271
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$45,739
Total interest from all sources	2017-12-31	$78,532
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$596,246
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$324,549
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$147,233
Participant contributions at end of year	2017-12-31	$74,608
Participant contributions at beginning of year	2017-12-31	$73,562
Participant contributions at end of year	2017-12-31	$75
Participant contributions at beginning of year	2017-12-31	$30
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$12,359
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$20
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2017-12-31	$846
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$0
Other income not declared elsewhere	2017-12-31	$169
Administrative expenses (other) incurred	2017-12-31	$3,876
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	$3,098,337
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$21,742,608
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$18,644,271
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	$41,863
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$5,080,945
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$4,043,068
Interest on participant loans	2017-12-31	$2,832
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$3,653,436
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$3,286,382
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$3,286,382
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$75,700
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$381,824
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Assets. Invements in employer securities at end of year	2017-12-31	$8,360,000
Assets. Invements in employer securities at beginning of year	2017-12-31	$7,640,000
Contributions received in cash from employer	2017-12-31	$1,022,831
Employer contributions (assets) at end of year	2017-12-31	$1,022,831
Employer contributions (assets) at beginning of year	2017-12-31	$969,510
Income. Dividends from common stock	2017-12-31	$271,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$237,688
Assets. Corporate common stocks other than exployer securities at end of year	2017-12-31	$3,551,539
Assets. Corporate common stocks other than exployer securities at beginning of year	2017-12-31	$2,631,719
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	$521,445
Aggregate carrying amount (costs) on sale of assets	2017-12-31	$425,633
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	No
Opinion of an independent qualified public accountant for this plan	2017-12-31	Unqualified
Accountancy firm name	2017-12-31	DOUGLAS WILSON & CO.
Accountancy firm EIN	2017-12-31	810446334
2016 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2016 401k financial data
Total income from all sources	2016-12-31	$2,657,841
Expenses. Total of all expenses incurred	2016-12-31	$182,240
Benefits paid (including direct rollovers)	2016-12-31	$145,802
Total plan assets at end of year	2016-12-31	$18,644,270
Total plan assets at beginning of year	2016-12-31	$16,168,669
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Total contributions received or receivable from participants	2016-12-31	$125,929
Expenses. Other expenses not covered elsewhere	2016-12-31	$2,570
Other income received	2016-12-31	$1,562,402
Net income (gross income less expenses)	2016-12-31	$2,475,601
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$18,644,270
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$16,168,669
Assets. Value of participant loans	2016-12-31	$73,562
Assets. Value of employer securities	2016-12-31	$7,640,000
Total contributions received or receivable from employer(s)	2016-12-31	$969,510
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$33,868
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total income from all sources	2015-12-31	$1,825,456
Expenses. Total of all expenses incurred	2015-12-31	$437,352
Benefits paid (including direct rollovers)	2015-12-31	$409,949
Total plan assets at end of year	2015-12-31	$16,168,669
Total plan assets at beginning of year	2015-12-31	$14,780,565
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$107,844
Contributions received from other sources (not participants or employers)	2015-12-31	$2,562
Other income received	2015-12-31	$885,612
Net income (gross income less expenses)	2015-12-31	$1,388,104
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$16,168,669
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$14,780,565
Assets. Value of participant loans	2015-12-31	$93,816
Assets. Value of employer securities	2015-12-31	$7,040,000
Total contributions received or receivable from employer(s)	2015-12-31	$829,438
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$27,403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources	2014-12-31	$1,588,410
Expenses. Total of all expenses incurred	2014-12-31	$271,793
Benefits paid (including direct rollovers)	2014-12-31	$250,055
Total plan assets at end of year	2014-12-31	$14,780,565
Total plan assets at beginning of year	2014-12-31	$13,463,948
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$88,857
Expenses. Other expenses not covered elsewhere	2014-12-31	$700
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$724,131
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$1,316,617
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$14,780,565
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$13,463,948
Assets. Value of participant loans	2014-12-31	$83,650
Assets. Value of employer securities	2014-12-31	$6,360,000
Total contributions received or receivable from employer(s)	2014-12-31	$775,422
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$21,038
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$2,573,683
Expenses. Total of all expenses incurred	2013-12-31	$296,628
Benefits paid (including direct rollovers)	2013-12-31	$283,576
Total plan assets at end of year	2013-12-31	$13,463,948
Total plan assets at beginning of year	2013-12-31	$11,186,893
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Total contributions received or receivable from participants	2013-12-31	$89,902
Contributions received from other sources (not participants or employers)	2013-12-31	$2,579
Other income received	2013-12-31	$1,773,320
Net income (gross income less expenses)	2013-12-31	$2,277,055
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$13,463,948
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$11,186,893
Assets. Value of participant loans	2013-12-31	$36,204
Assets. Value of employer securities	2013-12-31	$6,200,000
Total contributions received or receivable from employer(s)	2013-12-31	$707,882
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$13,052
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$1,924,842
Expenses. Total of all expenses incurred	2012-12-31	$213,808
Benefits paid (including direct rollovers)	2012-12-31	$205,553
Total plan assets at end of year	2012-12-31	$11,186,893
Total plan assets at beginning of year	2012-12-31	$9,475,859
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$75,348
Contributions received from other sources (not participants or employers)	2012-12-31	$10,697
Other income received	2012-12-31	$1,175,240
Net income (gross income less expenses)	2012-12-31	$1,711,034
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$11,186,893
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$9,475,859
Assets. Value of participant loans	2012-12-31	$104,380
Assets. Value of employer securities	2012-12-31	$5,171,400
Total contributions received or receivable from employer(s)	2012-12-31	$663,557
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$8,255
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources	2011-12-31	$1,429,614
Expenses. Total of all expenses incurred	2011-12-31	$255,949
Benefits paid (including direct rollovers)	2011-12-31	$250,096
Total plan assets at end of year	2011-12-31	$9,475,859
Total plan assets at beginning of year	2011-12-31	$8,302,194
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$66,130
Expenses. Other expenses not covered elsewhere	2011-12-31	$5,853
Contributions received from other sources (not participants or employers)	2011-12-31	$107,252
Other income received	2011-12-31	$619,971
Net income (gross income less expenses)	2011-12-31	$1,173,665
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$9,475,859
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$8,302,194
Assets. Value of participant loans	2011-12-31	$76,557
Assets. Value of employer securities	2011-12-31	$4,350,000
Total contributions received or receivable from employer(s)	2011-12-31	$636,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0

Form 5500 Responses for INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST

2023: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	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 – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2017: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: INDEPENDENCE BANK 401K PROFIT SHARING 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 – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: INDEPENDENCE BANK 401K PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

Insurance contract or identification number	336050-01
Number of Individuals Covered	13
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

Insurance contract or identification number	336050-01
Number of Individuals Covered	49
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

336050-01

Policy instance

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

55172

Policy instance

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

55172

Policy instance

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

55172

Policy instance

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Company Name:	INDEPENDENCE BANK
Employer identification number (EIN):	810331859
NAIC Classification:	522110
NAIC Description:	Commercial Banking