LORAIN NATIONAL BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan LORAIN NATIONAL BANK RETIREMENT PENSION PLAN
| Measure | Date | Value |
|---|
| 2015 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2015 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2015-12-15 | $0 |
| Total transfer of assets from this plan | 2015-12-15 | $3,608,110 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-15 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-15 | $55,506 |
| Total income from all sources (including contributions) | 2015-12-15 | $28,612 |
| Total loss/gain on sale of assets | 2015-12-15 | $0 |
| Total of all expenses incurred | 2015-12-15 | $1,819,193 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-15 | $1,819,193 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-15 | $0 |
| Value of total assets at end of year | 2015-12-15 | $0 |
| Value of total assets at beginning of year | 2015-12-15 | $5,454,197 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-15 | $0 |
| Total interest from all sources | 2015-12-15 | $14,500 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-15 | $40,178 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-15 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-15 | $40,178 |
| Was this plan covered by a fidelity bond | 2015-12-15 | Yes |
| Value of fidelity bond cover | 2015-12-15 | $500,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-15 | No |
| Liabilities. Value of operating payables at beginning of year | 2015-12-15 | $55,506 |
| Total non interest bearing cash at end of year | 2015-12-15 | $0 |
| Total non interest bearing cash at beginning of year | 2015-12-15 | $7,935 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-15 | No |
| Value of net income/loss | 2015-12-15 | $-1,790,581 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-15 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-15 | $5,398,691 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-15 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-15 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-15 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-15 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-15 | $491,312 |
| Income. Interest from US Government securities | 2015-12-15 | $12,062 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-15 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-15 | $199,123 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-15 | $199,123 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-15 | $2,438 |
| Asset value of US Government securities at end of year | 2015-12-15 | $0 |
| Asset value of US Government securities at beginning of year | 2015-12-15 | $1,342,857 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-15 | $-26,066 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-15 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-15 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-15 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-15 | $1,819,193 |
| Asset. Corporate debt instrument debt (other) at end of year | 2015-12-15 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2015-12-15 | $99,571 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2015-12-15 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2015-12-15 | $3,313,399 |
| Did the plan have assets held for investment | 2015-12-15 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-15 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-15 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-15 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2015-12-15 | Disclaimer |
| Accountancy firm name | 2015-12-15 | BAKER TILLY VIRCHOW KRAUSE, LLP |
| Accountancy firm EIN | 2015-12-15 | 390859910 |
| 2014 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $361,169 |
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $361,169 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $55,506 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $33,025 |
| Total income from all sources (including contributions) | 2014-12-31 | $501,233 |
| Total loss/gain on sale of assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $813,472 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $770,277 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $0 |
| Value of total assets at end of year | 2014-12-31 | $5,454,197 |
| Value of total assets at beginning of year | 2014-12-31 | $5,743,955 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $43,195 |
| Total interest from all sources | 2014-12-31 | $20,176 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $119,888 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $119,888 |
| Administrative expenses professional fees incurred | 2014-12-31 | $43,195 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $5,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2014-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2014-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $0 |
| Liabilities. Value of operating payables at end of year | 2014-12-31 | $55,506 |
| Liabilities. Value of operating payables at beginning of year | 2014-12-31 | $33,025 |
| Total non interest bearing cash at end of year | 2014-12-31 | $7,935 |
| Total non interest bearing cash at beginning of year | 2014-12-31 | $6,850 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Income. Non cash contributions | 2014-12-31 | $0 |
| Value of net income/loss | 2014-12-31 | $-312,239 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $5,398,691 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $5,710,930 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $491,312 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $571,365 |
| Income. Interest from US Government securities | 2014-12-31 | $20,176 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $199,123 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $87,625 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $87,625 |
| Asset value of US Government securities at end of year | 2014-12-31 | $1,342,857 |
| Asset value of US Government securities at beginning of year | 2014-12-31 | $1,431,723 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Contributions received in cash from employer | 2014-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $770,277 |
| Asset. Corporate debt instrument debt (other) at end of year | 2014-12-31 | $99,571 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2014-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2014-12-31 | $3,313,399 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2014-12-31 | $3,646,392 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
| Accountancy firm name | 2014-12-31 | CROWE HORWATH LLP |
| Accountancy firm EIN | 2014-12-31 | 350921680 |
| 2013 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $768,690 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $768,690 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $33,025 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $24,200 |
| Total income from all sources (including contributions) | 2013-12-31 | $905,084 |
| Total loss/gain on sale of assets | 2013-12-31 | $0 |
| Total of all expenses incurred | 2013-12-31 | $883,157 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $846,357 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $0 |
| Value of total assets at end of year | 2013-12-31 | $5,743,955 |
| Value of total assets at beginning of year | 2013-12-31 | $5,713,203 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $36,800 |
| Total interest from all sources | 2013-12-31 | $22,584 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $113,810 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $113,810 |
| Administrative expenses professional fees incurred | 2013-12-31 | $36,800 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $5,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2013-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2013-12-31 | $27,219 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $6,850 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $6,956 |
| Other income not declared elsewhere | 2013-12-31 | $0 |
| Liabilities. Value of operating payables at end of year | 2013-12-31 | $33,025 |
| Liabilities. Value of operating payables at beginning of year | 2013-12-31 | $24,200 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $21,927 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $5,710,930 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $5,689,003 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $571,365 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $680,880 |
| Income. Interest from US Government securities | 2013-12-31 | $22,584 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $87,625 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $129,013 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $129,013 |
| Asset value of US Government securities at end of year | 2013-12-31 | $1,431,723 |
| Asset value of US Government securities at beginning of year | 2013-12-31 | $1,566,178 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $846,357 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2013-12-31 | $3,646,392 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2013-12-31 | $3,302,957 |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
| Accountancy firm name | 2013-12-31 | CROWE HORWATH LLP |
| Accountancy firm EIN | 2013-12-31 | 350921680 |
| 2012 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2012-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $333,230 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $333,230 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $24,200 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $17,425 |
| Total income from all sources (including contributions) | 2012-12-31 | $479,903 |
| Total loss/gain on sale of assets | 2012-12-31 | $0 |
| Total of all expenses incurred | 2012-12-31 | $558,156 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $523,867 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $0 |
| Value of total assets at end of year | 2012-12-31 | $5,713,203 |
| Value of total assets at beginning of year | 2012-12-31 | $5,784,681 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $34,289 |
| Total interest from all sources | 2012-12-31 | $24,459 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $119,059 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $119,059 |
| Assets. Real estate other than employer real property at end of year | 2012-12-31 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2012-12-31 | $0 |
| Administrative expenses professional fees incurred | 2012-12-31 | $34,289 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2012-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2012-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $5,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $0 |
| Participant contributions at end of year | 2012-12-31 | $0 |
| Participant contributions at beginning of year | 2012-12-31 | $0 |
| Participant contributions at end of year | 2012-12-31 | $0 |
| Participant contributions at beginning of year | 2012-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2012-12-31 | $27,219 |
| Assets. Other investments not covered elsewhere at beginning of year | 2012-12-31 | $24,602 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $6,956 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $8,707 |
| Assets. Loans (other than to participants) at end of year | 2012-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2012-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $0 |
| Other income not declared elsewhere | 2012-12-31 | $3,155 |
| Administrative expenses (other) incurred | 2012-12-31 | $0 |
| Liabilities. Value of operating payables at end of year | 2012-12-31 | $24,200 |
| Liabilities. Value of operating payables at beginning of year | 2012-12-31 | $17,425 |
| Total non interest bearing cash at end of year | 2012-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2012-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Income. Non cash contributions | 2012-12-31 | $0 |
| Value of net income/loss | 2012-12-31 | $-78,253 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $5,689,003 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $5,767,256 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2012-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2012-12-31 | $0 |
| Investment advisory and management fees | 2012-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $680,880 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $554,372 |
| Value of interest in pooled separate accounts at end of year | 2012-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $0 |
| Interest on participant loans | 2012-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2012-12-31 | $0 |
| Interest earned on other investments | 2012-12-31 | $0 |
| Income. Interest from US Government securities | 2012-12-31 | $24,459 |
| Income. Interest from corporate debt instruments | 2012-12-31 | $0 |
| Value of interest in master investment trust accounts at end of year | 2012-12-31 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2012-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2012-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $129,013 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $82,195 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $82,195 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2012-12-31 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2012-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2012-12-31 | $0 |
| Asset value of US Government securities at end of year | 2012-12-31 | $1,566,178 |
| Asset value of US Government securities at beginning of year | 2012-12-31 | $1,279,463 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2012-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2012-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2012-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Assets. Invements in employer securities at end of year | 2012-12-31 | $0 |
| Assets. Invements in employer securities at beginning of year | 2012-12-31 | $0 |
| Assets. Value of employer real property at end of year | 2012-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2012-12-31 | $0 |
| Contributions received in cash from employer | 2012-12-31 | $0 |
| Employer contributions (assets) at end of year | 2012-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2012-12-31 | $500,000 |
| Income. Dividends from preferred stock | 2012-12-31 | $0 |
| Income. Dividends from common stock | 2012-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $523,867 |
| Asset. Corporate debt instrument preferred debt at end of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2012-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $0 |
| Contract administrator fees | 2012-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $3,302,957 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $3,335,342 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2012-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2012-12-31 | $0 |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Aggregate proceeds on sale of assets | 2012-12-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at end of year | 2012-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2012-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2012-12-31 | 381357951 |
| 2011 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2011-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-1,798 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-1,798 |
| Total transfer of assets to this plan | 2011-12-31 | $0 |
| Total transfer of assets from this plan | 2011-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $17,425 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $21,475 |
| Expenses. Interest paid | 2011-12-31 | $0 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2011-12-31 | $0 |
| Total income from all sources (including contributions) | 2011-12-31 | $645,724 |
| Total loss/gain on sale of assets | 2011-12-31 | $1,335 |
| Total of all expenses incurred | 2011-12-31 | $639,277 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $600,081 |
| Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $0 |
| Value of total corrective distributions | 2011-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $500,000 |
| Value of total assets at end of year | 2011-12-31 | $5,784,681 |
| Value of total assets at beginning of year | 2011-12-31 | $5,782,284 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $39,196 |
| Total interest from all sources | 2011-12-31 | $29,768 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $113,063 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $19,725 |
| Administrative expenses professional fees incurred | 2011-12-31 | $39,196 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $5,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2011-12-31 | $24,602 |
| Assets. Other investments not covered elsewhere at beginning of year | 2011-12-31 | $24,812 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $8,707 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $12,228 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $0 |
| Other income not declared elsewhere | 2011-12-31 | $3,356 |
| Administrative expenses (other) incurred | 2011-12-31 | $0 |
| Liabilities. Value of operating payables at end of year | 2011-12-31 | $17,425 |
| Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $21,475 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Income. Non cash contributions | 2011-12-31 | $0 |
| Value of net income/loss | 2011-12-31 | $6,447 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $5,767,256 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $5,760,809 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Investment advisory and management fees | 2011-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $554,372 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $456,298 |
| Interest on participant loans | 2011-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2011-12-31 | $0 |
| Interest earned on other investments | 2011-12-31 | $0 |
| Income. Interest from US Government securities | 2011-12-31 | $29,768 |
| Income. Interest from corporate debt instruments | 2011-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $82,195 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $106,757 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $106,757 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $0 |
| Asset value of US Government securities at end of year | 2011-12-31 | $1,279,463 |
| Asset value of US Government securities at beginning of year | 2011-12-31 | $1,584,554 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2011-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2011-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2011-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Assets. Invements in employer securities at end of year | 2011-12-31 | $0 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $0 |
| Assets. Value of employer real property at end of year | 2011-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2011-12-31 | $0 |
| Contributions received in cash from employer | 2011-12-31 | $500,000 |
| Employer contributions (assets) at end of year | 2011-12-31 | $500,000 |
| Employer contributions (assets) at beginning of year | 2011-12-31 | $0 |
| Income. Dividends from preferred stock | 2011-12-31 | $0 |
| Income. Dividends from common stock | 2011-12-31 | $93,338 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $600,081 |
| Contract administrator fees | 2011-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $3,335,342 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $3,597,635 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2011-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2011-12-31 | $0 |
| Did the plan have assets held for investment | 2011-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Aggregate proceeds on sale of assets | 2011-12-31 | $296,335 |
| Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $295,000 |
| Liabilities. Value of acquisition indebtedness at end of year | 2011-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2011-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2011-12-31 | 381357951 |
| 2010 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $472,855 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $472,855 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $21,475 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $17,110 |
| Total income from all sources (including contributions) | 2010-12-31 | $588,842 |
| Total loss/gain on sale of assets | 2010-12-31 | $-276 |
| Total of all expenses incurred | 2010-12-31 | $470,858 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $441,583 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $0 |
| Value of total assets at end of year | 2010-12-31 | $5,782,284 |
| Value of total assets at beginning of year | 2010-12-31 | $5,659,935 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $29,275 |
| Total interest from all sources | 2010-12-31 | $40,043 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $73,784 |
| 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 | $0 |
| Assets. Real estate other than employer real property at end of year | 2010-12-31 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2010-12-31 | $0 |
| Administrative expenses professional fees incurred | 2010-12-31 | $29,275 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2010-12-31 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $600,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Participant contributions at end of year | 2010-12-31 | $0 |
| Participant contributions at beginning of year | 2010-12-31 | $0 |
| Participant contributions at end of year | 2010-12-31 | $0 |
| Participant contributions at beginning of year | 2010-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2010-12-31 | $24,812 |
| Assets. Other investments not covered elsewhere at beginning of year | 2010-12-31 | $25,239 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $12,228 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $13,775 |
| Assets. Loans (other than to participants) at end of year | 2010-12-31 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2010-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $0 |
| Other income not declared elsewhere | 2010-12-31 | $2,436 |
| Liabilities. Value of operating payables at end of year | 2010-12-31 | $21,475 |
| Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $17,110 |
| Total non interest bearing cash at end of year | 2010-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $117,984 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $5,760,809 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $5,642,825 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2010-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2010-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $456,298 |
| Income. Interest from US Government securities | 2010-12-31 | $17,984 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $106,757 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $29,718 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $29,718 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $22,059 |
| Asset value of US Government securities at end of year | 2010-12-31 | $1,584,554 |
| Asset value of US Government securities at beginning of year | 2010-12-31 | $1,765,454 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Assets. Invements in employer securities at end of year | 2010-12-31 | $0 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $129,985 |
| Assets. Value of employer real property at end of year | 2010-12-31 | $0 |
| Assets. Value of employer real property at beginning of year | 2010-12-31 | $0 |
| Employer contributions (assets) at end of year | 2010-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $1,400,000 |
| Income. Dividends from common stock | 2010-12-31 | $73,784 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $441,583 |
| Asset. Corporate debt instrument preferred debt at end of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $3,597,635 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $2,295,764 |
| Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2010-12-31 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2010-12-31 | $0 |
| Did the plan have assets held for investment | 2010-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Aggregate proceeds on sale of assets | 2010-12-31 | $543,400 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $543,676 |
| Liabilities. Value of acquisition indebtedness at end of year | 2010-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2010-12-31 | 381357951 |
| 2009 : LORAIN NATIONAL BANK RETIREMENT PENSION PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |