401k Plan data: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN plan

ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN
Plan identification number	002

ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
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.

401k Sponsoring company profile

ASHEVILLE SAVINGS BANK, S.S.B. has sponsored the creation of one or more 401k plans.

Company Name: ASHEVILLE SAVINGS BANK, S.S.B.

Employer identification number (EIN): 560125550

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 ERICA SMITH
002 2016-01-01 JONNA BRADHAM
002 2015-01-01 JONNA BRADHAM
002 2014-01-01 JONNA BRADHAM
002 2013-01-01 JONNA BRADHAM
002 2012-01-01 JONNA BRADHAM
002 2011-01-01 JONNA BRADHAM
002 2009-01-01 JONNA BRADHAM

Plan id#	Filing Submission Date	Name of Administrator
002	2017-01-01	ERICA SMITH
002	2016-01-01	JONNA BRADHAM
002	2015-01-01	JONNA BRADHAM
002	2014-01-01	JONNA BRADHAM
002	2013-01-01	JONNA BRADHAM
002	2012-01-01	JONNA BRADHAM
002	2011-01-01	JONNA BRADHAM
002	2009-01-01	JONNA BRADHAM

Plan Statistics for ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN

Measure Date Value
2017: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 156
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 121
Number of retired or separated participants receiving benefits 2017-01-01 1
Number of other retired or separated participants entitled to future benefits 2017-01-01 32
Total of all active and inactive participants 2017-01-01 154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 154
Number of participants with account balances 2017-01-01 122
2016: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 163
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 128
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 27
Total of all active and inactive participants 2016-01-01 156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 156
Number of participants with account balances 2016-01-01 122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 169
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 131
Number of retired or separated participants receiving benefits 2015-01-01 1
Number of other retired or separated participants entitled to future benefits 2015-01-01 30
Total of all active and inactive participants 2015-01-01 162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 163
Number of participants with account balances 2015-01-01 126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 160
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 141
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 28
Total of all active and inactive participants 2014-01-01 169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 169
Number of participants with account balances 2014-01-01 125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 136
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 24
Total of all active and inactive participants 2013-01-01 160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 160
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 0
2012: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 174
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 137
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 18
Total of all active and inactive participants 2012-01-01 155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 155
Number of participants with account balances 2012-01-01 120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 179
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 145
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 29
Total of all active and inactive participants 2011-01-01 174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 174
Number of participants with account balances 2011-01-01 132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 184
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 147
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 29
Total of all active and inactive participants 2009-01-01 176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 176
Number of participants with account balances 2009-01-01 121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2017: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	156
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	121
Number of retired or separated participants receiving benefits	2017-01-01	1
Number of other retired or separated participants entitled to future benefits	2017-01-01	32
Total of all active and inactive participants	2017-01-01	154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	154
Number of participants with account balances	2017-01-01	122
2016: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	163
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	128
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	27
Total of all active and inactive participants	2016-01-01	156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	156
Number of participants with account balances	2016-01-01	122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	169
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	131
Number of retired or separated participants receiving benefits	2015-01-01	1
Number of other retired or separated participants entitled to future benefits	2015-01-01	30
Total of all active and inactive participants	2015-01-01	162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	163
Number of participants with account balances	2015-01-01	126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	160
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	141
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	28
Total of all active and inactive participants	2014-01-01	169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	169
Number of participants with account balances	2014-01-01	125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	136
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	24
Total of all active and inactive participants	2013-01-01	160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	160
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	0
2012: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	174
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	137
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	18
Total of all active and inactive participants	2012-01-01	155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	155
Number of participants with account balances	2012-01-01	120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	179
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	145
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	29
Total of all active and inactive participants	2011-01-01	174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	174
Number of participants with account balances	2011-01-01	132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	184
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	147
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	29
Total of all active and inactive participants	2009-01-01	176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	176
Number of participants with account balances	2009-01-01	121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN

Measure	Date	Value
2017 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$1,165,853
Total unrealized appreciation/depreciation of assets	2017-12-31	$1,165,853
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
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	$2,985,733
Total loss/gain on sale of assets	2017-12-31	$188,773
Total of all expenses incurred	2017-12-31	$2,826,752
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$2,790,769
Expenses. Certain deemed distributions of participant loans	2017-12-31	$3,421
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$710,697
Value of total assets at end of year	2017-12-31	$7,516,130
Value of total assets at beginning of year	2017-12-31	$7,357,149
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$32,562
Total interest from all sources	2017-12-31	$13,964
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$241,085
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$6,000,000
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	$474,491
Participant contributions at end of year	2017-12-31	$202,451
Participant contributions at beginning of year	2017-12-31	$218,401
Participant contributions at end of year	2017-12-31	$20,341
Participant contributions at beginning of year	2017-12-31	$16,280
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$3,108
Administrative expenses (other) incurred	2017-12-31	$3,155
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	$158,981
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$7,516,130
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$7,357,149
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$5,442,047
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$4,382,062
Interest on participant loans	2017-12-31	$9,681
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$854,330
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$2,556,128
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$2,556,128
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$4,283
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$665,361
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	$989,563
Assets. Invements in employer securities at beginning of year	2017-12-31	$174,996
Contributions received in cash from employer	2017-12-31	$233,098
Employer contributions (assets) at end of year	2017-12-31	$7,398
Employer contributions (assets) at beginning of year	2017-12-31	$9,282
Income. Dividends from common stock	2017-12-31	$241,085
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$2,790,769
Contract administrator fees	2017-12-31	$29,407
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	$772,642
Aggregate carrying amount (costs) on sale of assets	2017-12-31	$583,869
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	SMITH LEONARD PLLC
Accountancy firm EIN	2017-12-31	205907591
2016 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$235,128
Total unrealized appreciation/depreciation of assets	2016-12-31	$235,128
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$1,483,226
Total loss/gain on sale of assets	2016-12-31	$-606
Total of all expenses incurred	2016-12-31	$1,203,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,166,011
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$918,758
Value of total assets at end of year	2016-12-31	$7,357,149
Value of total assets at beginning of year	2016-12-31	$7,077,080
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$37,146
Total interest from all sources	2016-12-31	$11,506
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$141,590
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$141,590
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$399,481
Participant contributions at end of year	2016-12-31	$218,401
Participant contributions at beginning of year	2016-12-31	$189,497
Participant contributions at end of year	2016-12-31	$16,280
Participant contributions at beginning of year	2016-12-31	$13,941
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$283,286
Administrative expenses (other) incurred	2016-12-31	$5,212
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$280,069
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$7,357,149
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$7,077,080
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$4,382,062
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$4,323,866
Interest on participant loans	2016-12-31	$8,374
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$2,556,128
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$970,098
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$970,098
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$3,132
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$176,850
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$174,996
Assets. Invements in employer securities at beginning of year	2016-12-31	$1,570,935
Contributions received in cash from employer	2016-12-31	$235,991
Employer contributions (assets) at end of year	2016-12-31	$9,282
Employer contributions (assets) at beginning of year	2016-12-31	$8,743
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,166,011
Contract administrator fees	2016-12-31	$31,934
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Aggregate proceeds on sale of assets	2016-12-31	$55,516
Aggregate carrying amount (costs) on sale of assets	2016-12-31	$56,122
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	No
Opinion of an independent qualified public accountant for this plan	2016-12-31	Unqualified
Accountancy firm name	2016-12-31	DIXON HUGHES GOODMAN,LLP
Accountancy firm EIN	2016-12-31	560747981
2015 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$248,271
Total unrealized appreciation/depreciation of assets	2015-12-31	$248,271
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$941,585
Total loss/gain on sale of assets	2015-12-31	$23
Total of all expenses incurred	2015-12-31	$448,226
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$413,123
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$604,488
Value of total assets at end of year	2015-12-31	$7,077,080
Value of total assets at beginning of year	2015-12-31	$6,583,721
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$35,103
Total interest from all sources	2015-12-31	$14,944
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$213,516
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$213,516
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$371,314
Participant contributions at end of year	2015-12-31	$189,497
Participant contributions at beginning of year	2015-12-31	$205,646
Participant contributions at end of year	2015-12-31	$13,941
Participant contributions at beginning of year	2015-12-31	$8,874
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$2,759
Administrative expenses (other) incurred	2015-12-31	$3,392
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$493,359
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$7,077,080
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$6,583,721
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$4,323,866
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$4,162,452
Interest on participant loans	2015-12-31	$8,594
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$970,098
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$988,324
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$988,324
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$6,350
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-139,657
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Assets. Invements in employer securities at end of year	2015-12-31	$1,570,935
Assets. Invements in employer securities at beginning of year	2015-12-31	$1,213,084
Contributions received in cash from employer	2015-12-31	$230,415
Employer contributions (assets) at end of year	2015-12-31	$8,743
Employer contributions (assets) at beginning of year	2015-12-31	$5,341
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$413,123
Contract administrator fees	2015-12-31	$31,711
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$14,878
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$14,855
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	No
Opinion of an independent qualified public accountant for this plan	2015-12-31	Unqualified
Accountancy firm name	2015-12-31	DIXON HUGHES GOODMAN,LLP
Accountancy firm EIN	2015-12-31	560747981
2014 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$226,487
Total unrealized appreciation/depreciation of assets	2014-12-31	$226,487
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$1,161,826
Total loss/gain on sale of assets	2014-12-31	$5,138
Total of all expenses incurred	2014-12-31	$1,190,302
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$1,161,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$590,578
Value of total assets at end of year	2014-12-31	$6,583,721
Value of total assets at beginning of year	2014-12-31	$6,612,197
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$28,965
Total interest from all sources	2014-12-31	$11,399
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$200,216
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	$200,216
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
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	$365,309
Participant contributions at end of year	2014-12-31	$205,646
Participant contributions at beginning of year	2014-12-31	$196,087
Participant contributions at end of year	2014-12-31	$8,874
Participant contributions at beginning of year	2014-12-31	$12,117
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$8,315
Administrative expenses (other) incurred	2014-12-31	$4,475
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$-28,476
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$6,583,721
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$6,612,197
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	$4,162,452
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$4,424,313
Interest on participant loans	2014-12-31	$7,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$988,324
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$995,982
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$995,982
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$3,974
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$128,008
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Assets. Invements in employer securities at end of year	2014-12-31	$1,213,084
Assets. Invements in employer securities at beginning of year	2014-12-31	$977,940
Contributions received in cash from employer	2014-12-31	$216,954
Employer contributions (assets) at end of year	2014-12-31	$5,341
Employer contributions (assets) at beginning of year	2014-12-31	$5,758
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$1,161,337
Contract administrator fees	2014-12-31	$24,490
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
Aggregate proceeds on sale of assets	2014-12-31	$85,911
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$80,773
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	DIXON HUGHES GOODMAN,LLP
Accountancy firm EIN	2014-12-31	560747981
2013 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$101,189
Total unrealized appreciation/depreciation of assets	2013-12-31	$101,189
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$1,589,478
Total loss/gain on sale of assets	2013-12-31	$1,801
Total of all expenses incurred	2013-12-31	$389,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$357,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$605,301
Value of total assets at end of year	2013-12-31	$6,612,197
Value of total assets at beginning of year	2013-12-31	$5,412,434
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$32,226
Total interest from all sources	2013-12-31	$10,137
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$93,681
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	$93,681
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$385,268
Participant contributions at end of year	2013-12-31	$196,087
Participant contributions at beginning of year	2013-12-31	$181,763
Participant contributions at end of year	2013-12-31	$12,117
Participant contributions at beginning of year	2013-12-31	$10,182
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$868
Administrative expenses (other) incurred	2013-12-31	$7,633
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	$1,199,763
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$6,612,197
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$5,412,434
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	$4,424,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$3,490,052
Interest on participant loans	2013-12-31	$7,929
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$995,982
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$909,786
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$909,786
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$2,208
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$777,369
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Assets. Invements in employer securities at end of year	2013-12-31	$977,940
Assets. Invements in employer securities at beginning of year	2013-12-31	$814,995
Contributions received in cash from employer	2013-12-31	$219,165
Employer contributions (assets) at end of year	2013-12-31	$5,758
Employer contributions (assets) at beginning of year	2013-12-31	$5,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$357,489
Contract administrator fees	2013-12-31	$24,593
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
Aggregate proceeds on sale of assets	2013-12-31	$74,961
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$73,160
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	DIXON HUGHES GOODMAN,LLP
Accountancy firm EIN	2013-12-31	560747981
2012 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$174,570
Total unrealized appreciation/depreciation of assets	2012-12-31	$174,570
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$1,284,901
Total loss/gain on sale of assets	2012-12-31	$12,048
Total of all expenses incurred	2012-12-31	$1,095,671
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,066,082
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$559,336
Value of total assets at end of year	2012-12-31	$5,412,434
Value of total assets at beginning of year	2012-12-31	$5,223,204
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$29,589
Total interest from all sources	2012-12-31	$8,523
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$71,781
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	$71,777
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
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	$344,698
Participant contributions at end of year	2012-12-31	$181,763
Participant contributions at beginning of year	2012-12-31	$137,460
Participant contributions at end of year	2012-12-31	$10,182
Participant contributions at beginning of year	2012-12-31	$9,302
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$5,387
Administrative expenses (other) incurred	2012-12-31	$2,524
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$189,230
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$5,412,434
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$5,223,204
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$3,490,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$3,471,574
Income. Interest from loans (other than to participants)	2012-12-31	$7,254
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$909,786
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$979,174
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$979,174
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$1,269
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$458,643
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$814,995
Assets. Invements in employer securities at beginning of year	2012-12-31	$620,166
Contributions received in cash from employer	2012-12-31	$209,251
Employer contributions (assets) at end of year	2012-12-31	$5,656
Employer contributions (assets) at beginning of year	2012-12-31	$5,528
Income. Dividends from common stock	2012-12-31	$4
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,066,082
Contract administrator fees	2012-12-31	$27,065
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	$70,019
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$57,971
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	DIXON HUGHES GOODMAN,LLP
Accountancy firm EIN	2012-12-31	560747981
2011 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$89,501
Total unrealized appreciation/depreciation of assets	2011-12-31	$89,501
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$943,493
Total loss/gain on sale of assets	2011-12-31	$1,200
Total of all expenses incurred	2011-12-31	$225,870
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$217,103
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$945,371
Value of total assets at end of year	2011-12-31	$5,223,204
Value of total assets at beginning of year	2011-12-31	$4,505,581
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$8,767
Total interest from all sources	2011-12-31	$6,131
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$69,499
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	$69,492
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
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	$326,978
Participant contributions at end of year	2011-12-31	$137,460
Participant contributions at beginning of year	2011-12-31	$70,632
Participant contributions at end of year	2011-12-31	$9,302
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$422,573
Administrative expenses (other) incurred	2011-12-31	$1,598
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$717,623
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$5,223,204
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,505,581
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$3,471,574
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$3,301,003
Interest on participant loans	2011-12-31	$6,078
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$979,174
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$1,133,946
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$1,133,946
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$53
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-168,209
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$620,166
Contributions received in cash from employer	2011-12-31	$195,820
Employer contributions (assets) at end of year	2011-12-31	$5,528
Income. Dividends from common stock	2011-12-31	$7
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$217,103
Contract administrator fees	2011-12-31	$7,169
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	$10,112
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$8,912
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	DIXON HUGHES, PLLC
Accountancy firm EIN	2011-12-31	560747981
2010 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$993,989
Total of all expenses incurred	2010-12-31	$766,402
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$765,032
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$494,141
Value of total assets at end of year	2010-12-31	$4,505,581
Value of total assets at beginning of year	2010-12-31	$4,277,994
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$1,370
Total interest from all sources	2010-12-31	$7,992
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$66,118
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	$66,118
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
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
Contributions received from participants	2010-12-31	$315,946
Participant contributions at end of year	2010-12-31	$70,632
Participant contributions at beginning of year	2010-12-31	$116,056
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$17
Administrative expenses (other) incurred	2010-12-31	$1,370
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	$227,587
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,505,581
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,277,994
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	$3,301,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$3,010,330
Interest on participant loans	2010-12-31	$5,796
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$1,133,946
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,151,608
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,151,608
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$2,196
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$425,738
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
Contributions received in cash from employer	2010-12-31	$178,178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$765,032
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	DIXON HUGHES, PLLC
Accountancy firm EIN	2010-12-31	560747981
2009 : ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS 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

Form 5500 Responses for ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN

2017: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: ASHEVILLE SAVINGS BANK RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: ASHEVILLE SAVINGS BANK RETIREMENT 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	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: ASHEVILLE SAVINGS BANK RETIREMENT 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 funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	ASHEVILLE SAVINGS BANK, S.S.B.
Employer identification number (EIN):	560125550
NAIC Classification:	522120
NAIC Description:	Savings Institutions