401k Plan data: SKAGIT BANK EMPLOYEES RETIREMENT PLAN plan

SKAGIT BANK EMPLOYEES RETIREMENT PLAN 401k Plan overview

Plan Name	SKAGIT BANK EMPLOYEES RETIREMENT PLAN
Plan identification number	002

SKAGIT BANK EMPLOYEES RETIREMENT 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

SKAGIT BANK has sponsored the creation of one or more 401k plans.

Company Name: SKAGIT BANK

Employer identification number (EIN): 910681718

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about SKAGIT BANK

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division

Incorporation Date: 1958-02-06

Company Identification Number: 600013580

More information about SKAGIT BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SKAGIT BANK EMPLOYEES RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2019-01-01 KRISTIN HAILE 2019-11-21
002 2018-01-01
002 2017-01-01 CARLA TUCKER
002 2016-01-01 CARLA TUCKER
002 2015-01-01 CARLA TUCKER
002 2014-01-01 CARLA TUCKER
002 2013-01-01 CARLA TUCKER
002 2012-01-01 CARLA TUCKER
002 2011-01-01 CARLA TUCKER
002 2010-01-01 CARLA TUCKER
002 2009-01-01 CARLA TUCKER CARLA TUCKER 2010-08-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2019-01-01	KRISTIN HAILE	2019-11-21
002	2018-01-01
002	2017-01-01	CARLA TUCKER
002	2016-01-01	CARLA TUCKER
002	2015-01-01	CARLA TUCKER
002	2014-01-01	CARLA TUCKER
002	2013-01-01	CARLA TUCKER
002	2012-01-01	CARLA TUCKER
002	2011-01-01	CARLA TUCKER
002	2010-01-01	CARLA TUCKER
002	2009-01-01	CARLA TUCKER		CARLA TUCKER	2010-08-05

Plan Statistics for SKAGIT BANK EMPLOYEES RETIREMENT PLAN

401k plan membership statisitcs for SKAGIT BANK EMPLOYEES RETIREMENT PLAN

Measure Date Value
2018: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 255
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 0
Number of retired or separated participants receiving benefits 2018-01-01 10
Number of other retired or separated participants entitled to future benefits 2018-01-01 52
Total of all active and inactive participants 2018-01-01 62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 62
Number of participants with account balances 2018-01-01 62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 10
2017: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 244
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 186
Number of retired or separated participants receiving benefits 2017-01-01 10
Number of other retired or separated participants entitled to future benefits 2017-01-01 59
Total of all active and inactive participants 2017-01-01 255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 255
Number of participants with account balances 2017-01-01 244
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 13
2016: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 225
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 179
Number of retired or separated participants receiving benefits 2016-01-01 7
Number of other retired or separated participants entitled to future benefits 2016-01-01 52
Total of all active and inactive participants 2016-01-01 238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 238
Number of participants with account balances 2016-01-01 230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 12
2015: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 229
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 174
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 49
Total of all active and inactive participants 2015-01-01 224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 224
Number of participants with account balances 2015-01-01 222
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 5
2014: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 224
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 175
Number of retired or separated participants receiving benefits 2014-01-01 1
Number of other retired or separated participants entitled to future benefits 2014-01-01 53
Total of all active and inactive participants 2014-01-01 229
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 229
Number of participants with account balances 2014-01-01 213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 10
2013: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 213
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 176
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 48
Total of all active and inactive participants 2013-01-01 224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 224
Number of participants with account balances 2013-01-01 214
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 6
2012: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 205
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 174
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 39
Total of all active and inactive participants 2012-01-01 213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 213
Number of participants with account balances 2012-01-01 188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 11
2011: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 209
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 167
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 38
Total of all active and inactive participants 2011-01-01 205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 205
Number of participants with account balances 2011-01-01 190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 16
2010: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 214
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 167
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 42
Total of all active and inactive participants 2010-01-01 209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 209
Number of participants with account balances 2010-01-01 197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 9
2009: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 218
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 162
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 52
Total of all active and inactive participants 2009-01-01 214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 214
Number of participants with account balances 2009-01-01 213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 14

Measure	Date	Value
2018: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	255
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	0
Number of retired or separated participants receiving benefits	2018-01-01	10
Number of other retired or separated participants entitled to future benefits	2018-01-01	52
Total of all active and inactive participants	2018-01-01	62
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	62
Number of participants with account balances	2018-01-01	62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	10
2017: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	244
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	186
Number of retired or separated participants receiving benefits	2017-01-01	10
Number of other retired or separated participants entitled to future benefits	2017-01-01	59
Total of all active and inactive participants	2017-01-01	255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	255
Number of participants with account balances	2017-01-01	244
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	13
2016: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	225
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	179
Number of retired or separated participants receiving benefits	2016-01-01	7
Number of other retired or separated participants entitled to future benefits	2016-01-01	52
Total of all active and inactive participants	2016-01-01	238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	238
Number of participants with account balances	2016-01-01	230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	12
2015: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	229
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	174
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	49
Total of all active and inactive participants	2015-01-01	224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	224
Number of participants with account balances	2015-01-01	222
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	5
2014: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	224
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	175
Number of retired or separated participants receiving benefits	2014-01-01	1
Number of other retired or separated participants entitled to future benefits	2014-01-01	53
Total of all active and inactive participants	2014-01-01	229
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	229
Number of participants with account balances	2014-01-01	213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	10
2013: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	213
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	176
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	48
Total of all active and inactive participants	2013-01-01	224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	224
Number of participants with account balances	2013-01-01	214
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	6
2012: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	205
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	174
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	39
Total of all active and inactive participants	2012-01-01	213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	213
Number of participants with account balances	2012-01-01	188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	11
2011: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	209
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	167
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	38
Total of all active and inactive participants	2011-01-01	205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	205
Number of participants with account balances	2011-01-01	190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	16
2010: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	214
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	167
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	42
Total of all active and inactive participants	2010-01-01	209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	209
Number of participants with account balances	2010-01-01	197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	9
2009: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	218
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	162
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	52
Total of all active and inactive participants	2009-01-01	214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	214
Number of participants with account balances	2009-01-01	213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	14

Financial Data on SKAGIT BANK EMPLOYEES RETIREMENT PLAN

Measure	Date	Value
2018 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$9,077
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$6,400
Total income from all sources (including contributions)	2018-12-31	$1,608,818
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$16,113,757
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$16,061,583
Value of total corrective distributions	2018-12-31	$994
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,076,897
Value of total assets at end of year	2018-12-31	$5,294,646
Value of total assets at beginning of year	2018-12-31	$19,796,908
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$51,180
Total interest from all sources	2018-12-31	$36,974
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$394,137
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2018-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$349,737
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$663,422
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$212,911
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$9,429
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$1,123
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$0
Other income not declared elsewhere	2018-12-31	$3,055
Administrative expenses (other) incurred	2018-12-31	$51,180
Liabilities. Value of operating payables at end of year	2018-12-31	$7,118
Liabilities. Value of operating payables at beginning of year	2018-12-31	$0
Total non interest bearing cash at end of year	2018-12-31	$8,317
Total non interest bearing cash at beginning of year	2018-12-31	$6,400
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-14,504,939
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$5,285,569
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$19,790,508
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$3,074,892
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$17,186,883
Interest on participant loans	2018-12-31	$7,390
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$767,798
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$1,113,132
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$1,113,132
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$29,584
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$97,755
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Assets. Invements in employer securities at end of year	2018-12-31	$1,443,639
Assets. Invements in employer securities at beginning of year	2018-12-31	$734,272
Contributions received in cash from employer	2018-12-31	$404,046
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$543,310
Income. Dividends from common stock	2018-12-31	$44,400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$16,061,583
Liabilities. Value of benefit claims payable at end of year	2018-12-31	$836
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$6,400
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	No
Opinion of an independent qualified public accountant for this plan	2018-12-31	Unqualified
Accountancy firm name	2018-12-31	CLARK NUBER P.S.
Accountancy firm EIN	2018-12-31	911194016
2017 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$6,400
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	$3,538,947
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$1,084,816
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$1,048,175
Value of total corrective distributions	2017-12-31	$2,129
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,336,286
Value of total assets at end of year	2017-12-31	$19,796,908
Value of total assets at beginning of year	2017-12-31	$17,336,377
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$34,512
Total interest from all sources	2017-12-31	$20,729
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$502,266
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$475,974
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$4,000,000
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	$749,415
Participant contributions at end of year	2017-12-31	$212,911
Participant contributions at beginning of year	2017-12-31	$169,595
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$43,561
Administrative expenses (other) incurred	2017-12-31	$9,989
Total non interest bearing cash at end of year	2017-12-31	$6,400
Total non interest bearing cash at beginning of year	2017-12-31	$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	2017-12-31	No
Value of net income/loss	2017-12-31	$2,454,131
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$19,790,508
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$17,336,377
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	$17,186,883
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$14,634,709
Interest on participant loans	2017-12-31	$8,114
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$1,113,132
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$1,323,493
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$1,323,493
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$12,615
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$1,679,666
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	$734,272
Assets. Invements in employer securities at beginning of year	2017-12-31	$736,120
Contributions received in cash from employer	2017-12-31	$543,310
Employer contributions (assets) at end of year	2017-12-31	$543,310
Employer contributions (assets) at beginning of year	2017-12-31	$472,460
Income. Dividends from common stock	2017-12-31	$26,292
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$1,048,175
Contract administrator fees	2017-12-31	$24,523
Liabilities. Value of benefit claims payable at end of year	2017-12-31	$6,400
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$0
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
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	VSH, PLLC
Accountancy firm EIN	2017-12-31	454122247
2016 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
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	$2,134
Total income from all sources (including contributions)	2016-12-31	$2,720,702
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$1,282,727
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,252,247
Value of total corrective distributions	2016-12-31	$795
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$1,496,443
Value of total assets at end of year	2016-12-31	$17,336,377
Value of total assets at beginning of year	2016-12-31	$15,900,536
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$29,685
Total interest from all sources	2016-12-31	$14,659
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$448,554
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	$402,508
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$4,000,000
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	$639,974
Participant contributions at end of year	2016-12-31	$169,595
Participant contributions at beginning of year	2016-12-31	$254,317
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$384,009
Administrative expenses (other) incurred	2016-12-31	$6,683
Liabilities. Value of operating payables at end of year	2016-12-31	$0
Liabilities. Value of operating payables at beginning of year	2016-12-31	$2,134
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	$1,437,975
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$17,336,377
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$15,898,402
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	$14,634,709
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$13,880,286
Interest on participant loans	2016-12-31	$9,267
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$1,323,493
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$609,919
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$609,919
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$5,392
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$761,046
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	$736,120
Assets. Invements in employer securities at beginning of year	2016-12-31	$729,000
Contributions received in cash from employer	2016-12-31	$472,460
Employer contributions (assets) at end of year	2016-12-31	$472,460
Employer contributions (assets) at beginning of year	2016-12-31	$427,014
Income. Dividends from common stock	2016-12-31	$46,046
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,252,247
Contract administrator fees	2016-12-31	$23,002
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
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	VSH, PLLC
Accountancy firm EIN	2016-12-31	454122247
2015 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$222
Total unrealized appreciation/depreciation of assets	2015-12-31	$222
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$2,134
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$2,213
Total income from all sources (including contributions)	2015-12-31	$1,407,607
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$871,109
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$836,486
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$1,599,065
Value of total assets at end of year	2015-12-31	$15,900,536
Value of total assets at beginning of year	2015-12-31	$15,364,117
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$34,623
Total interest from all sources	2015-12-31	$12,351
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$641,494
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	$616,623
Administrative expenses professional fees incurred	2015-12-31	$34,623
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$5,000,000
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	$596,026
Participant contributions at end of year	2015-12-31	$254,317
Participant contributions at beginning of year	2015-12-31	$257,437
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$576,026
Liabilities. Value of operating payables at end of year	2015-12-31	$2,134
Liabilities. Value of operating payables at beginning of year	2015-12-31	$2,213
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	$536,498
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$15,898,402
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$15,361,904
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	$13,880,286
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$13,377,867
Interest on participant loans	2015-12-31	$12,048
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$609,919
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$602,782
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$602,782
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$303
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-845,525
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	$729,000
Assets. Invements in employer securities at beginning of year	2015-12-31	$746,700
Contributions received in cash from employer	2015-12-31	$427,013
Employer contributions (assets) at end of year	2015-12-31	$427,014
Employer contributions (assets) at beginning of year	2015-12-31	$379,331
Income. Dividends from common stock	2015-12-31	$24,871
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$836,486
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
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	VSH, PLLC
Accountancy firm EIN	2015-12-31	454122247
2014 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$15,248
Total unrealized appreciation/depreciation of assets	2014-12-31	$15,248
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$2,213
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$2,480
Total income from all sources (including contributions)	2014-12-31	$1,806,275
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$691,151
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$658,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$889,053
Value of total assets at end of year	2014-12-31	$15,364,117
Value of total assets at beginning of year	2014-12-31	$14,249,260
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$32,832
Total interest from all sources	2014-12-31	$11,774
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$533,999
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	$509,019
Administrative expenses professional fees incurred	2014-12-31	$32,832
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$5,000,000
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	$508,157
Participant contributions at end of year	2014-12-31	$257,437
Participant contributions at beginning of year	2014-12-31	$308,724
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$1,565
Liabilities. Value of operating payables at end of year	2014-12-31	$2,213
Liabilities. Value of operating payables at beginning of year	2014-12-31	$2,480
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	$1,115,124
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$15,361,904
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$14,246,780
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	$13,377,867
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$12,190,520
Interest on participant loans	2014-12-31	$11,716
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$602,782
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$617,421
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$617,421
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$58
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$356,201
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	$746,700
Assets. Invements in employer securities at beginning of year	2014-12-31	$743,232
Contributions received in cash from employer	2014-12-31	$379,331
Employer contributions (assets) at end of year	2014-12-31	$379,331
Employer contributions (assets) at beginning of year	2014-12-31	$389,363
Income. Dividends from common stock	2014-12-31	$24,980
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$658,319
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	No
Opinion of an independent qualified public accountant for this plan	2014-12-31	Unqualified
Accountancy firm name	2014-12-31	WILLIAMS & NULLE PLLC
Accountancy firm EIN	2014-12-31	910593897
2013 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$11,250
Total unrealized appreciation/depreciation of assets	2013-12-31	$11,250
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$2,480
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$1,515
Total income from all sources (including contributions)	2013-12-31	$2,771,741
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$431,556
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$395,722
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$850,622
Value of total assets at end of year	2013-12-31	$14,249,260
Value of total assets at beginning of year	2013-12-31	$11,908,110
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$35,834
Total interest from all sources	2013-12-31	$13,031
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$414,063
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	$388,544
Administrative expenses professional fees incurred	2013-12-31	$35,834
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$5,000,000
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	$456,746
Participant contributions at end of year	2013-12-31	$308,724
Participant contributions at beginning of year	2013-12-31	$309,131
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$4,513
Liabilities. Value of operating payables at end of year	2013-12-31	$2,480
Liabilities. Value of operating payables at beginning of year	2013-12-31	$1,515
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	$2,340,185
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$14,246,780
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$11,906,595
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	$12,190,520
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$9,423,671
Interest on participant loans	2013-12-31	$12,889
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$617,421
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$1,042,564
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$1,042,564
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$142
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$1,482,775
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	$743,232
Assets. Invements in employer securities at beginning of year	2013-12-31	$773,430
Contributions received in cash from employer	2013-12-31	$389,363
Employer contributions (assets) at end of year	2013-12-31	$389,363
Employer contributions (assets) at beginning of year	2013-12-31	$359,314
Income. Dividends from common stock	2013-12-31	$25,519
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$395,722
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	No
Opinion of an independent qualified public accountant for this plan	2013-12-31	Unqualified
Accountancy firm name	2013-12-31	WILLIAMS & NULLE PLLC
Accountancy firm EIN	2013-12-31	910593897
2012 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$-5,154
Total unrealized appreciation/depreciation of assets	2012-12-31	$-5,154
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$1,515
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$7,130
Total income from all sources (including contributions)	2012-12-31	$1,901,356
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$624,881
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$595,116
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$775,262
Value of total assets at end of year	2012-12-31	$11,908,110
Value of total assets at beginning of year	2012-12-31	$10,637,250
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$29,765
Total interest from all sources	2012-12-31	$12,934
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$351,709
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	$314,241
Administrative expenses professional fees incurred	2012-12-31	$29,765
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$4,000,000
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	$415,834
Participant contributions at end of year	2012-12-31	$309,131
Participant contributions at beginning of year	2012-12-31	$259,335
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$114
Liabilities. Value of operating payables at end of year	2012-12-31	$1,515
Liabilities. Value of operating payables at beginning of year	2012-12-31	$7,130
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	$1,276,475
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$11,906,595
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$10,630,120
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	$9,423,671
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$7,754,606
Interest on participant loans	2012-12-31	$12,532
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$1,042,564
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$1,507,530
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$1,507,530
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$402
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$766,605
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	$773,430
Assets. Invements in employer securities at beginning of year	2012-12-31	$785,334
Contributions received in cash from employer	2012-12-31	$359,314
Employer contributions (assets) at end of year	2012-12-31	$359,314
Employer contributions (assets) at beginning of year	2012-12-31	$330,445
Income. Dividends from common stock	2012-12-31	$37,468
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$595,116
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
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	WILLIAMS & NULLE PLLC
Accountancy firm EIN	2012-12-31	910593897
2011 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-50,876
Total unrealized appreciation/depreciation of assets	2011-12-31	$-50,876
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$7,130
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$5,575
Total income from all sources (including contributions)	2011-12-31	$692,868
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$564,981
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$529,474
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$694,133
Value of total assets at end of year	2011-12-31	$10,637,250
Value of total assets at beginning of year	2011-12-31	$10,507,808
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$35,507
Total interest from all sources	2011-12-31	$11,865
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$321,938
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	$298,688
Administrative expenses professional fees incurred	2011-12-31	$35,507
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$4,000,000
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	$363,688
Participant contributions at end of year	2011-12-31	$259,335
Participant contributions at beginning of year	2011-12-31	$239,871
Liabilities. Value of operating payables at end of year	2011-12-31	$7,130
Liabilities. Value of operating payables at beginning of year	2011-12-31	$5,575
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	$127,887
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$10,630,120
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$10,502,233
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	$7,754,606
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$7,811,859
Interest on participant loans	2011-12-31	$11,342
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$1,507,530
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$1,174,530
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$1,174,530
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$523
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-284,192
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	$785,334
Assets. Invements in employer securities at beginning of year	2011-12-31	$927,210
Contributions received in cash from employer	2011-12-31	$330,445
Employer contributions (assets) at end of year	2011-12-31	$330,445
Employer contributions (assets) at beginning of year	2011-12-31	$354,338
Income. Dividends from common stock	2011-12-31	$23,250
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$529,474
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	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	WILLIAMS & NULLE PLLC
Accountancy firm EIN	2011-12-31	910593897
2010 : SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$-5,966
Total unrealized appreciation/depreciation of assets	2010-12-31	$-5,966
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$5,575
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$8,090
Total income from all sources (including contributions)	2010-12-31	$1,821,899
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$513,214
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$484,188
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$754,121
Value of total assets at end of year	2010-12-31	$10,507,808
Value of total assets at beginning of year	2010-12-31	$9,201,638
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$29,026
Total interest from all sources	2010-12-31	$10,978
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$219,079
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	$195,135
Administrative expenses professional fees incurred	2010-12-31	$29,026
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$4,000,000
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	$399,783
Participant contributions at end of year	2010-12-31	$239,871
Participant contributions at beginning of year	2010-12-31	$206,616
Other income not declared elsewhere	2010-12-31	$172
Liabilities. Value of operating payables at end of year	2010-12-31	$5,575
Liabilities. Value of operating payables at beginning of year	2010-12-31	$8,090
Total non interest bearing cash at end of year	2010-12-31	$0
Total non interest bearing cash at beginning of year	2010-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$1,308,685
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$10,502,233
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$9,193,548
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	$7,811,859
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$6,612,114
Interest on participant loans	2010-12-31	$10,179
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$1,174,530
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,414,748
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,414,748
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$799
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$843,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$927,210
Assets. Invements in employer securities at beginning of year	2010-12-31	$968,160
Contributions received in cash from employer	2010-12-31	$354,338
Employer contributions (assets) at end of year	2010-12-31	$354,338
Employer contributions (assets) at beginning of year	2010-12-31	$0
Income. Dividends from common stock	2010-12-31	$23,944
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$484,188
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	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	WILLIAMS & NULLE PLLC
Accountancy firm EIN	2010-12-31	910593897
2009 : SKAGIT BANK EMPLOYEES RETIREMENT 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 SKAGIT BANK EMPLOYEES RETIREMENT PLAN

2018: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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: SKAGIT BANK EMPLOYEES RETIREMENT 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
2010: SKAGIT BANK EMPLOYEES RETIREMENT PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SKAGIT BANK EMPLOYEES RETIREMENT 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:	SKAGIT BANK
Employer identification number (EIN):	910681718
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Washington Secretary of State Corporations Division
Incorporation Date:	1958-02-06
Company Identification Number:	600013580