VERABANK, N.A. has sponsored the creation of one or more 401k plans.
Additional information about VERABANK, N.A.
Submission information for form 5500 for 401k plan CITIZENS NATIONAL BANK 401 (K) SAVINGS PLAN & TRUST
401k plan membership statisitcs for CITIZENS NATIONAL BANK 401 (K) SAVINGS PLAN & TRUST
| Measure | Date | Value |
|---|
| 2010 : CITIZENS NATIONAL BANK 401 (K) SAVINGS PLAN & TRUST 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $1,341,438 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $1,341,438 |
| 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 | $3,675,004 |
| Total loss/gain on sale of assets | 2010-12-31 | $-14,889 |
| Total of all expenses incurred | 2010-12-31 | $790,505 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $788,976 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $1,728,606 |
| Value of total assets at end of year | 2010-12-31 | $20,898,051 |
| Value of total assets at beginning of year | 2010-12-31 | $18,013,552 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,529 |
| Total interest from all sources | 2010-12-31 | $141,745 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $478,104 |
| 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 | $478,104 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2010-12-31 | $171,540 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2010-12-31 | $164,270 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $657,192 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $16,809 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $39,835 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $68,902 |
| Administrative expenses (other) incurred | 2010-12-31 | $554 |
| Total non interest bearing cash at end of year | 2010-12-31 | $26,853 |
| 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 | $2,884,499 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $20,898,051 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $18,013,552 |
| 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 | $11,924,195 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $8,367,614 |
| Income. Interest from US Government securities | 2010-12-31 | $4,465 |
| Income. Interest from corporate debt instruments | 2010-12-31 | $135,324 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $808,407 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $620,419 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $620,419 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $1,956 |
| Asset value of US Government securities at end of year | 2010-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2010-12-31 | $524,981 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $0 |
| 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 |
| Contributions received in cash from employer | 2010-12-31 | $1,054,605 |
| Employer contributions (assets) at end of year | 2010-12-31 | $1,054,605 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $1,026,910 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $788,976 |
| Asset. Corporate debt instrument preferred debt at end of year | 2010-12-31 | $2,060,802 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2010-12-31 | $2,872,668 |
| Contract administrator fees | 2010-12-31 | $975 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $4,811,814 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $4,367,788 |
| 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 | $4,863,863 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $4,878,752 |
| 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 | BKD, LLP. |
| Accountancy firm EIN | 2010-12-31 | 440160260 |
