401k Plan data: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN plan

FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan Name	FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN
Plan identification number	001

FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 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.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all 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.
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

FIRST STATE BANCORPORATION has sponsored the creation of one or more 401k plans.

Company Name: FIRST STATE BANCORPORATION

Employer identification number (EIN): 850366665

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 CHRISTOPHER SPENCER CHRISTOPHER SPENCER 2012-02-29
001 2010-01-01 CHRISTOPHER C. SPENCER CHRISTOPHER C. SPENCER 2011-07-25
001 2009-01-01 H. PATRICK DEE H. PATRICK DEE 2010-07-19

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2011-01-01	CHRISTOPHER SPENCER	CHRISTOPHER SPENCER	2012-02-29
001	2010-01-01	CHRISTOPHER C. SPENCER	CHRISTOPHER C. SPENCER	2011-07-25
001	2009-01-01	H. PATRICK DEE	H. PATRICK DEE	2010-07-19

Plan Statistics for FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN

Measure Date Value
2011: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 585
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Total of all active and inactive participants 2011-01-01 0
Total participants 2011-01-01 0
2010: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 671
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 461
Number of retired or separated participants receiving benefits 2010-01-01 6
Number of other retired or separated participants entitled to future benefits 2010-01-01 109
Total of all active and inactive participants 2010-01-01 576
Total participants 2010-01-01 576
Number of participants with account balances 2010-01-01 436
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 8
2009: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,015
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 541
Number of retired or separated participants receiving benefits 2009-01-01 11
Number of other retired or separated participants entitled to future benefits 2009-01-01 117
Total of all active and inactive participants 2009-01-01 669
Total participants 2009-01-01 669
Number of participants with account balances 2009-01-01 520
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 28

Measure	Date	Value
2011: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	585
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Total of all active and inactive participants	2011-01-01	0
Total participants	2011-01-01	0
2010: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	671
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	461
Number of retired or separated participants receiving benefits	2010-01-01	6
Number of other retired or separated participants entitled to future benefits	2010-01-01	109
Total of all active and inactive participants	2010-01-01	576
Total participants	2010-01-01	576
Number of participants with account balances	2010-01-01	436
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	8
2009: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,015
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	541
Number of retired or separated participants receiving benefits	2009-01-01	11
Number of other retired or separated participants entitled to future benefits	2009-01-01	117
Total of all active and inactive participants	2009-01-01	669
Total participants	2009-01-01	669
Number of participants with account balances	2009-01-01	520
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	28

Financial Data on FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN

Measure	Date	Value
2011 : FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-07-13	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-07-13	$106,483
Total income from all sources (including contributions)	2011-07-13	$533,517
Total loss/gain on sale of assets	2011-07-13	$-27,439
Total of all expenses incurred	2011-07-13	$12,376,509
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-07-13	$12,292,976
Value of total corrective distributions	2011-07-13	$735
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-07-13	$128,456
Value of total assets at end of year	2011-07-13	$0
Value of total assets at beginning of year	2011-07-13	$11,949,475
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-07-13	$82,798
Total interest from all sources	2011-07-13	$14
Total dividends received (eg from common stock, registered investment company shares)	2011-07-13	$32,691
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-07-13	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-07-13	$0
Total dividends received from registered investment company shares (eg mutual funds)	2011-07-13	$32,691
Administrative expenses professional fees incurred	2011-07-13	$48,277
Was this plan covered by a fidelity bond	2011-07-13	Yes
Value of fidelity bond cover	2011-07-13	$500,000
If this is an individual account plan, was there a blackout period	2011-07-13	No
Were there any nonexempt tranactions with any party-in-interest	2011-07-13	No
Contributions received from participants	2011-07-13	$128,456
Total non interest bearing cash at beginning of year	2011-07-13	$356
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-07-13	No
Value of net income/loss	2011-07-13	$-11,842,992
Value of net assets at end of year (total assets less liabilities)	2011-07-13	$0
Value of net assets at beginning of year (total assets less liabilities)	2011-07-13	$11,842,992
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-07-13	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-07-13	No
Were any leases to which the plan was party in default or uncollectible	2011-07-13	No
Investment advisory and management fees	2011-07-13	$33,778
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-07-13	$10,915,319
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-07-13	$1,004,058
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-07-13	$1,004,058
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-07-13	$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-07-13	$399,795
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-07-13	No
Was there a failure to transmit to the plan any participant contributions	2011-07-13	No
Has the plan failed to provide any benefit when due under the plan	2011-07-13	No
Assets. Invements in employer securities at beginning of year	2011-07-13	$29,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-07-13	$12,292,976
Contract administrator fees	2011-07-13	$743
Liabilities. Value of benefit claims payable at beginning of year	2011-07-13	$106,483
Did the plan have assets held for investment	2011-07-13	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-07-13	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-07-13	Yes
Aggregate proceeds on sale of assets	2011-07-13	$2,303
Aggregate carrying amount (costs) on sale of assets	2011-07-13	$29,742
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-07-13	Yes
Opinion of an independent qualified public accountant for this plan	2011-07-13	Disclaimer
Accountancy firm name	2011-07-13	KPMG, LLP
Accountancy firm EIN	2011-07-13	135565207
2010 : FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$-212,396
Total unrealized appreciation/depreciation of assets	2010-12-31	$-212,396
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$106,483
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$61,516
Total income from all sources (including contributions)	2010-12-31	$2,334,033
Total loss/gain on sale of assets	2010-12-31	$-32,420
Total of all expenses incurred	2010-12-31	$2,675,867
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$2,564,842
Value of total corrective distributions	2010-12-31	$9,189
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,376,337
Value of total assets at end of year	2010-12-31	$11,949,475
Value of total assets at beginning of year	2010-12-31	$12,246,342
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$101,836
Total interest from all sources	2010-12-31	$-27
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$107,604
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$107,604
Administrative expenses professional fees incurred	2010-12-31	$36,346
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,345,367
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$30,970
Other income not declared elsewhere	2010-12-31	$3,963
Liabilities. Value of operating payables at beginning of year	2010-12-31	$321
Total non interest bearing cash at end of year	2010-12-31	$356
Total non interest bearing cash at beginning of year	2010-12-31	$1,324
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-341,834
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$11,842,992
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$12,184,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$10,915,319
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$10,565,661
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$1,004,058
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,321,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,321,743
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$-27
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$1,090,972
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$29,742
Assets. Invements in employer securities at beginning of year	2010-12-31	$340,259
Employer contributions (assets) at beginning of year	2010-12-31	$17,355
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$2,564,842
Contract administrator fees	2010-12-31	$65,490
Liabilities. Value of benefit claims payable at end of year	2010-12-31	$106,483
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$61,195
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$102,706
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$135,126

Form 5500 Responses for FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN

2011: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 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	Yes
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: FIRST STATE BANCORPORATION EMPLOYEE SAVINGS PLAN 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 – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FIRST STATE BANCORPORATION
Employer identification number (EIN):	850366665
NAIC Classification:	522110
NAIC Description:	Commercial Banking