401k Plan data: LEGEND BANK 401(K) PLAN plan

LEGEND BANK 401(K) PLAN 401k Plan overview

Plan Name	LEGEND BANK 401(K) PLAN
Plan identification number	003

LEGEND BANK 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

LEGEND BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name: LEGEND BANK, N.A.

Employer identification number (EIN): 750150372

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEGEND BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2012-01-01 TODD MCMURRAY
003 2011-01-01 MATT SMITH
003 2009-01-01 MATTHEW H. SMITH

Plan id#	Filing Submission Date	Name of Administrator
003	2012-01-01	TODD MCMURRAY
003	2011-01-01	MATT SMITH
003	2009-01-01	MATTHEW H. SMITH

Plan Statistics for LEGEND BANK 401(K) PLAN

401k plan membership statisitcs for LEGEND BANK 401(K) PLAN

Measure Date Value
2012: LEGEND BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 156
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
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 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Number of participants with account balances 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: LEGEND BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 154
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 130
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 26
Total of all active and inactive participants 2011-01-01 156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 156
Number of participants with account balances 2011-01-01 139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 5
2009: LEGEND BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 132
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 10
Total of all active and inactive participants 2009-01-01 142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 142
Number of participants with account balances 2009-01-01 120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 3

Measure	Date	Value
2012: LEGEND BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	156
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
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	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Number of participants with account balances	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: LEGEND BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	154
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	130
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	26
Total of all active and inactive participants	2011-01-01	156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	156
Number of participants with account balances	2011-01-01	139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	5
2009: LEGEND BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	132
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	10
Total of all active and inactive participants	2009-01-01	142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	142
Number of participants with account balances	2009-01-01	120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	3

Financial Data on LEGEND BANK 401(K) PLAN

Measure	Date	Value
2012 : LEGEND BANK 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-06-19	$0
Total transfer of assets from this plan	2012-06-19	$5,503,267
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-06-19	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-06-19	$8,258
Total income from all sources (including contributions)	2012-06-19	$457,192
Total loss/gain on sale of assets	2012-06-19	$0
Total of all expenses incurred	2012-06-19	$312,700
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-06-19	$305,238
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-06-19	$309,568
Value of total assets at end of year	2012-06-19	$0
Value of total assets at beginning of year	2012-06-19	$5,367,033
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-06-19	$7,462
Total interest from all sources	2012-06-19	$3,334
Total dividends received (eg from common stock, registered investment company shares)	2012-06-19	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-06-19	No
Was this plan covered by a fidelity bond	2012-06-19	Yes
Value of fidelity bond cover	2012-06-19	$6,000,000
If this is an individual account plan, was there a blackout period	2012-06-19	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-06-19	$0
Were there any nonexempt tranactions with any party-in-interest	2012-06-19	No
Contributions received from participants	2012-06-19	$172,351
Participant contributions at end of year	2012-06-19	$0
Participant contributions at beginning of year	2012-06-19	$159,499
Participant contributions at beginning of year	2012-06-19	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-06-19	$0
Liabilities. Value of operating payables at beginning of year	2012-06-19	$8,258
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-06-19	No
Value of net income/loss	2012-06-19	$144,492
Value of net assets at end of year (total assets less liabilities)	2012-06-19	$0
Value of net assets at beginning of year (total assets less liabilities)	2012-06-19	$5,358,775
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-06-19	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-06-19	No
Were any leases to which the plan was party in default or uncollectible	2012-06-19	No
Interest on participant loans	2012-06-19	$3,334
Value of interest in common/collective trusts at end of year	2012-06-19	$0
Value of interest in common/collective trusts at beginning of year	2012-06-19	$5,207,534
Net investment gain or loss from common/collective trusts	2012-06-19	$144,290
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-06-19	No
Was there a failure to transmit to the plan any participant contributions	2012-06-19	No
Has the plan failed to provide any benefit when due under the plan	2012-06-19	No
Contributions received in cash from employer	2012-06-19	$137,217
Employer contributions (assets) at beginning of year	2012-06-19	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-06-19	$305,238
Contract administrator fees	2012-06-19	$7,462
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	2012-06-19	Yes
Did the plan have assets held for investment	2012-06-19	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-06-19	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-06-19	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-06-19	Yes
Opinion of an independent qualified public accountant for this plan	2012-06-19	Disclaimer
Accountancy firm name	2012-06-19	JONES BAGGETT, LLP
Accountancy firm EIN	2012-06-19	264061453
2011 : LEGEND BANK 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$8,258
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$428
Total income from all sources (including contributions)	2011-12-31	$574,499
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$152,989
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$135,230
Value of total corrective distributions	2011-12-31	$8,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$720,681
Value of total assets at end of year	2011-12-31	$5,367,033
Value of total assets at beginning of year	2011-12-31	$4,937,693
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$9,501
Total interest from all sources	2011-12-31	$6,993
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$6,000,000
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	$388,236
Participant contributions at end of year	2011-12-31	$159,499
Participant contributions at beginning of year	2011-12-31	$150,225
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$14,780
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$23,976
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$193
Other income not declared elsewhere	2011-12-31	$1,696
Liabilities. Value of operating payables at end of year	2011-12-31	$8,258
Liabilities. Value of operating payables at beginning of year	2011-12-31	$428
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	$421,510
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$5,358,775
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,937,265
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
Interest on participant loans	2011-12-31	$6,993
Value of interest in common/collective trusts at end of year	2011-12-31	$5,207,534
Value of interest in common/collective trusts at beginning of year	2011-12-31	$4,761,795
Net investment gain or loss from common/collective trusts	2011-12-31	$-154,871
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
Contributions received in cash from employer	2011-12-31	$308,469
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$10,700
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$135,230
Contract administrator fees	2011-12-31	$9,501
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	JONES BAGGETT, LLP
Accountancy firm EIN	2011-12-31	264061453
2010 : LEGEND BANK 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$428
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	$1,390,545
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$808,596
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$802,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$823,058
Value of total assets at end of year	2010-12-31	$4,937,693
Value of total assets at beginning of year	2010-12-31	$4,355,316
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$6,259
Total interest from all sources	2010-12-31	$5,215
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,000,000
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	$384,698
Participant contributions at end of year	2010-12-31	$150,225
Participant contributions at beginning of year	2010-12-31	$93,040
Participant contributions at end of year	2010-12-31	$14,780
Participant contributions at beginning of year	2010-12-31	$15,240
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$193
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$148,842
Liabilities. Value of operating payables at end of year	2010-12-31	$428
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	$581,949
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,937,265
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,355,316
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
Interest on participant loans	2010-12-31	$5,215
Value of interest in common/collective trusts at end of year	2010-12-31	$4,761,795
Value of interest in common/collective trusts at beginning of year	2010-12-31	$4,234,392
Net investment gain or loss from common/collective trusts	2010-12-31	$562,272
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	$289,518
Employer contributions (assets) at end of year	2010-12-31	$10,700
Employer contributions (assets) at beginning of year	2010-12-31	$12,644
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$802,337
Contract administrator fees	2010-12-31	$6,259
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	JONES BAGGETT, LLP
Accountancy firm EIN	2010-12-31	264061453
2009 : LEGEND BANK 401(K) 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 LEGEND BANK 401(K) PLAN

2012: LEGEND BANK 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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: LEGEND BANK 401(K) 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: LEGEND BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	LEGEND BANK, N.A.
Employer identification number (EIN):	750150372
NAIC Classification:	522110
NAIC Description:	Commercial Banking