401k Plan data: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN plan

SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
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

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

Company Name: SOUTH ATLANTIC BANK

Employer identification number (EIN): 261366826

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 RICHARD BURCH
001 2016-01-01 RICHARD BURCH
001 2015-01-01 RICHARD BURCH
001 2014-01-01 RICHARD BURCH
001 2013-01-01 RICHARD BURCH
001 2012-01-01 RICHARD BURCH
001 2011-01-01 RICHARD BURCH
001 2010-01-01 RICHARD BURCH
001 2009-01-01 RICHARD BURCH

Plan Statistics for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 157
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 8
Total of all active and inactive participants 2023-01-01 165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 165
Number of participants with account balances 2023-01-01 139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 6
2022: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 142
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 15
Total of all active and inactive participants 2022-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 157
Number of participants with account balances 2022-01-01 125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 10
2021: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 138
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 142
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 13
Total of all active and inactive participants 2021-01-01 155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 155
Number of participants with account balances 2021-01-01 117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 7
2020: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 131
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 138
Number of participants with account balances 2020-01-01 138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 4
2019: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 122
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 115
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 13
Total of all active and inactive participants 2019-01-01 128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 128
Number of participants with account balances 2019-01-01 123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 10
2018: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 105
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 112
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 10
Total of all active and inactive participants 2018-01-01 122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 122
Number of participants with account balances 2018-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 8
2017: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 83
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 92
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 13
Total of all active and inactive participants 2017-01-01 105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 105
Number of participants with account balances 2017-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 3
2016: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 81
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 71
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 12
Total of all active and inactive participants 2016-01-01 83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 83
Number of participants with account balances 2016-01-01 70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 4
2015: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 72
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 9
Total of all active and inactive participants 2015-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 81
Number of participants with account balances 2015-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 1
2014: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 55
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 62
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 4
Total of all active and inactive participants 2014-01-01 66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 66
Number of participants with account balances 2014-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 2
2013: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 44
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 52
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 3
Total of all active and inactive participants 2013-01-01 55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 55
Number of participants with account balances 2013-01-01 44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 42
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 2
Total of all active and inactive participants 2012-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 44
Number of participants with account balances 2012-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 34
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 2
Total of all active and inactive participants 2011-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 36
Number of participants with account balances 2011-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 1
2010: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 33
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 1
Total of all active and inactive participants 2010-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 34
Number of participants with account balances 2010-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 1
2009: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 29
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 32
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 1
Total of all active and inactive participants 2009-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 33
Number of participants with account balances 2009-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2023: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	157
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	8
Total of all active and inactive participants	2023-01-01	165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	165
Number of participants with account balances	2023-01-01	139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	6
2022: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	142
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	15
Total of all active and inactive participants	2022-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	157
Number of participants with account balances	2022-01-01	125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	10
2021: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	138
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	142
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	13
Total of all active and inactive participants	2021-01-01	155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	155
Number of participants with account balances	2021-01-01	117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	7
2020: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	131
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	138
Number of participants with account balances	2020-01-01	138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	4
2019: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	122
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	115
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	13
Total of all active and inactive participants	2019-01-01	128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	128
Number of participants with account balances	2019-01-01	123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	10
2018: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	105
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	112
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	10
Total of all active and inactive participants	2018-01-01	122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	122
Number of participants with account balances	2018-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	8
2017: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	83
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	92
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	13
Total of all active and inactive participants	2017-01-01	105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	105
Number of participants with account balances	2017-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	3
2016: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	81
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	71
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	12
Total of all active and inactive participants	2016-01-01	83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	83
Number of participants with account balances	2016-01-01	70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	4
2015: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	72
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	9
Total of all active and inactive participants	2015-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	81
Number of participants with account balances	2015-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	1
2014: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	55
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	62
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	4
Total of all active and inactive participants	2014-01-01	66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	66
Number of participants with account balances	2014-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	2
2013: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	44
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	52
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	3
Total of all active and inactive participants	2013-01-01	55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	55
Number of participants with account balances	2013-01-01	44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	42
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	2
Total of all active and inactive participants	2012-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	44
Number of participants with account balances	2012-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	34
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	2
Total of all active and inactive participants	2011-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	36
Number of participants with account balances	2011-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	1
2010: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	33
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	1
Total of all active and inactive participants	2010-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	34
Number of participants with account balances	2010-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	1
2009: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	29
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	32
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	1
Total of all active and inactive participants	2009-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	33
Number of participants with account balances	2009-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2023 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$53,882
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$37,299
Total income from all sources (including contributions)	2023-12-31	$4,450,621
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$290,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$285,634
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,756,626
Value of total assets at end of year	2023-12-31	$18,712,859
Value of total assets at beginning of year	2023-12-31	$14,536,450
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$5,161
Total interest from all sources	2023-12-31	$9,119
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$472,257
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$986,157
Participant contributions at end of year	2023-12-31	$168,040
Participant contributions at beginning of year	2023-12-31	$64,860
Participant contributions at end of year	2023-12-31	$0
Participant contributions at beginning of year	2023-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2023-12-31	$535,364
Assets. Other investments not covered elsewhere at beginning of year	2023-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$114,615
Other income not declared elsewhere	2023-12-31	$247
Total non interest bearing cash at end of year	2023-12-31	$53,887
Total non interest bearing cash at beginning of year	2023-12-31	$37,318
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$4,159,826
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$18,658,977
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$14,499,151
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$14,527,161
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$10,668,843
Interest on participant loans	2023-12-31	$8,939
Value of interest in common/collective trusts at end of year	2023-12-31	$3,089,720
Value of interest in common/collective trusts at beginning of year	2023-12-31	$3,372,595
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$1,187
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$1,034
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$1,034
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-12-31	$180
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$2,212,372
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$655,854
Employer contributions (assets) at end of year	2023-12-31	$337,500
Employer contributions (assets) at beginning of year	2023-12-31	$391,800
Income. Dividends from common stock	2023-12-31	$472,257
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$285,634
Liabilities. Value of benefit claims payable at end of year	2023-12-31	$53,882
Liabilities. Value of benefit claims payable at beginning of year	2023-12-31	$37,299
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2023-12-31	570381582
2022 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$37,299
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-2,256,904
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,770,600
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,765,637
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,609,636
Value of total assets at end of year	2022-12-31	$14,536,450
Value of total assets at beginning of year	2022-12-31	$18,526,655
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$4,963
Total interest from all sources	2022-12-31	$2,642
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$427,426
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$427,426
Administrative expenses professional fees incurred	2022-12-31	$4,153
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$861,547
Participant contributions at end of year	2022-12-31	$64,860
Participant contributions at beginning of year	2022-12-31	$73,952
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$25,202
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$52,786
Total non interest bearing cash at end of year	2022-12-31	$37,318
Total non interest bearing cash at beginning of year	2022-12-31	$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	2022-12-31	No
Value of net income/loss	2022-12-31	$-4,027,504
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$14,499,151
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$18,526,655
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$10,668,843
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$14,337,451
Interest on participant loans	2022-12-31	$2,545
Interest earned on other investments	2022-12-31	$97
Value of interest in common/collective trusts at end of year	2022-12-31	$3,372,595
Value of interest in common/collective trusts at beginning of year	2022-12-31	$3,694,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$1,034
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$59
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$59
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,296,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$695,303
Employer contributions (assets) at end of year	2022-12-31	$391,800
Employer contributions (assets) at beginning of year	2022-12-31	$395,361
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,765,637
Contract administrator fees	2022-12-31	$810
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$37,299
Liabilities. Value of benefit claims payable at beginning of year	2022-12-31	$0
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2022-12-31	570381582
2021 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$4,483,600
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$322,002
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$318,916
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,820,198
Value of total assets at end of year	2021-12-31	$18,526,655
Value of total assets at beginning of year	2021-12-31	$14,365,057
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$3,086
Total interest from all sources	2021-12-31	$2,986
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,211,821
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$1,211,821
Administrative expenses professional fees incurred	2021-12-31	$2,816
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$819,936
Participant contributions at end of year	2021-12-31	$73,952
Participant contributions at beginning of year	2021-12-31	$52,482
Participant contributions at end of year	2021-12-31	$25,202
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$21,165
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2021-12-31	$31,069
Administrative expenses (other) incurred	2021-12-31	$270
Total non interest bearing cash at end of year	2021-12-31	$0
Total non interest bearing cash at beginning of year	2021-12-31	$-9,823
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$4,161,598
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$18,526,655
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$14,365,057
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$14,337,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$11,166,197
Interest on participant loans	2021-12-31	$2,986
Value of interest in common/collective trusts at end of year	2021-12-31	$3,694,630
Value of interest in common/collective trusts at beginning of year	2021-12-31	$3,094,239
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$59
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$61,962
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$61,962
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,448,595
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$979,097
Employer contributions (assets) at end of year	2021-12-31	$395,361
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$287,847
Liabilities. Value of benefit claims payable at end of year	2021-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2021-12-31	$0
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2021-12-31	570381582
2020 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$3,426,133
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$195,143
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$193,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,448,960
Value of total assets at end of year	2020-12-31	$14,365,057
Value of total assets at beginning of year	2020-12-31	$11,134,067
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$1,772
Total interest from all sources	2020-12-31	$4,192
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$285,373
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$285,373
Administrative expenses professional fees incurred	2020-12-31	$1,502
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$820,001
Participant contributions at end of year	2020-12-31	$52,482
Participant contributions at beginning of year	2020-12-31	$92,422
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$40,099
Total non interest bearing cash at end of year	2020-12-31	$-9,823
Total non interest bearing cash at beginning of year	2020-12-31	$-3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$3,230,990
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$14,365,057
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$11,134,067
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$11,166,197
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$8,801,758
Interest on participant loans	2020-12-31	$4,192
Value of interest in common/collective trusts at end of year	2020-12-31	$3,094,239
Value of interest in common/collective trusts at beginning of year	2020-12-31	$2,239,700
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$61,962
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$190
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$190
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,687,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$588,860
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$193,371
Contract administrator fees	2020-12-31	$270
Liabilities. Value of benefit claims payable at end of year	2020-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2020-12-31	570381582
2019 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$32,856
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$32,856
Total income from all sources (including contributions)	2019-12-31	$3,526,878
Total income from all sources (including contributions)	2019-12-31	$3,526,878
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$791,762
Total of all expenses incurred	2019-12-31	$791,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$789,180
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$789,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,437,043
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,437,043
Value of total assets at end of year	2019-12-31	$11,134,067
Value of total assets at end of year	2019-12-31	$11,134,067
Value of total assets at beginning of year	2019-12-31	$8,431,807
Value of total assets at beginning of year	2019-12-31	$8,431,807
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$2,582
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$2,582
Total interest from all sources	2019-12-31	$6,414
Total interest from all sources	2019-12-31	$6,414
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$222,204
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$222,204
Administrative expenses professional fees incurred	2019-12-31	$2,582
Administrative expenses professional fees incurred	2019-12-31	$2,582
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
Value of fidelity bond cover	2019-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$707,029
Contributions received from participants	2019-12-31	$707,029
Participant contributions at end of year	2019-12-31	$92,422
Participant contributions at end of year	2019-12-31	$92,422
Participant contributions at beginning of year	2019-12-31	$131,578
Participant contributions at beginning of year	2019-12-31	$131,578
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$179,889
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$179,889
Total non interest bearing cash at end of year	2019-12-31	$-3
Total non interest bearing cash at end of year	2019-12-31	$-3
Total non interest bearing cash at beginning of year	2019-12-31	$32,856
Total non interest bearing cash at beginning of year	2019-12-31	$32,856
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,735,116
Value of net income/loss	2019-12-31	$2,735,116
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$11,134,067
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$11,134,067
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$8,398,951
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$8,398,951
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$8,801,758
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$8,801,758
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$6,626,122
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$6,626,122
Interest on participant loans	2019-12-31	$6,335
Interest on participant loans	2019-12-31	$6,335
Interest earned on other investments	2019-12-31	$57
Interest earned on other investments	2019-12-31	$57
Value of interest in common/collective trusts at end of year	2019-12-31	$2,239,700
Value of interest in common/collective trusts at end of year	2019-12-31	$2,239,700
Value of interest in common/collective trusts at beginning of year	2019-12-31	$1,641,095
Value of interest in common/collective trusts at beginning of year	2019-12-31	$1,641,095
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$190
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$190
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$156
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$156
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$156
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$156
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$22
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$22
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,861,217
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,861,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$550,125
Contributions received in cash from employer	2019-12-31	$550,125
Income. Dividends from common stock	2019-12-31	$222,204
Income. Dividends from common stock	2019-12-31	$222,204
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$789,180
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$789,180
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$0
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$32,856
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$32,856
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	ELLIOTT DAVIS
Accountancy firm name	2019-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2019-12-31	570381582
Accountancy firm EIN	2019-12-31	570381582
2018 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$907,341
Expenses. Total of all expenses incurred	2018-12-31	$185,548
Benefits paid (including direct rollovers)	2018-12-31	$183,710
Total plan assets at end of year	2018-12-31	$8,398,951
Total plan assets at beginning of year	2018-12-31	$7,677,158
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Total contributions received or receivable from participants	2018-12-31	$619,967
Expenses. Other expenses not covered elsewhere	2018-12-31	$690
Contributions received from other sources (not participants or employers)	2018-12-31	$822,744
Other income received	2018-12-31	$-1,059,004
Net income (gross income less expenses)	2018-12-31	$721,793
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$8,398,951
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$7,677,158
Assets. Value of participant loans	2018-12-31	$131,578
Assets. Value of employer securities	2018-12-31	$1,415,292
Total contributions received or receivable from employer(s)	2018-12-31	$523,634
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$1,148
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$2,590,410
Expenses. Total of all expenses incurred	2017-12-31	$8,704
Benefits paid (including direct rollovers)	2017-12-31	$7,496
Total plan assets at end of year	2017-12-31	$7,677,158
Total plan assets at beginning of year	2017-12-31	$5,095,452
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Total contributions received or receivable from participants	2017-12-31	$485,138
Expenses. Other expenses not covered elsewhere	2017-12-31	$460
Contributions received from other sources (not participants or employers)	2017-12-31	$469,147
Other income received	2017-12-31	$1,162,601
Net income (gross income less expenses)	2017-12-31	$2,581,706
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$7,677,158
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$5,095,452
Assets. Value of participant loans	2017-12-31	$79,227
Assets. Value of employer securities	2017-12-31	$1,760,306
Total contributions received or receivable from employer(s)	2017-12-31	$473,524
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$748
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$1,306,281
Expenses. Total of all expenses incurred	2016-12-31	$15,107
Benefits paid (including direct rollovers)	2016-12-31	$14,242
Total plan assets at end of year	2016-12-31	$5,095,452
Total plan assets at beginning of year	2016-12-31	$3,804,278
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Total contributions received or receivable from participants	2016-12-31	$392,595
Expenses. Other expenses not covered elsewhere	2016-12-31	$865
Contributions received from other sources (not participants or employers)	2016-12-31	$88,974
Other income received	2016-12-31	$681,337
Net income (gross income less expenses)	2016-12-31	$1,291,174
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$5,095,452
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$3,804,278
Assets. Value of participant loans	2016-12-31	$7,995
Assets. Value of employer securities	2016-12-31	$1,209,248
Total contributions received or receivable from employer(s)	2016-12-31	$143,375
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$571,910
Expenses. Total of all expenses incurred	2015-12-31	$104,012
Benefits paid (including direct rollovers)	2015-12-31	$103,280
Total plan assets at end of year	2015-12-31	$3,804,278
Total plan assets at beginning of year	2015-12-31	$3,336,380
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$348,700
Expenses. Other expenses not covered elsewhere	2015-12-31	$115
Contributions received from other sources (not participants or employers)	2015-12-31	$25
Other income received	2015-12-31	$96,021
Net income (gross income less expenses)	2015-12-31	$467,898
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$3,804,278
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$3,336,380
Assets. Value of participant loans	2015-12-31	$24,823
Assets. Value of employer securities	2015-12-31	$796,994
Total contributions received or receivable from employer(s)	2015-12-31	$127,164
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$617
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$1,027,234
Expenses. Total of all expenses incurred	2014-12-31	$191,454
Benefits paid (including direct rollovers)	2014-12-31	$189,355
Total plan assets at end of year	2014-12-31	$3,336,380
Total plan assets at beginning of year	2014-12-31	$2,500,600
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$298,185
Expenses. Other expenses not covered elsewhere	2014-12-31	$165
Contributions received from other sources (not participants or employers)	2014-12-31	$354,925
Other income received	2014-12-31	$212,987
Net income (gross income less expenses)	2014-12-31	$835,780
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$3,336,380
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,500,600
Assets. Value of participant loans	2014-12-31	$40,765
Assets. Value of employer securities	2014-12-31	$699,490
Total contributions received or receivable from employer(s)	2014-12-31	$161,137
Value of corrective distributions	2014-12-31	$1,094
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$840
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$818,217
Expenses. Total of all expenses incurred	2013-12-31	$20,743
Benefits paid (including direct rollovers)	2013-12-31	$12,871
Total plan assets at end of year	2013-12-31	$2,500,600
Total plan assets at beginning of year	2013-12-31	$1,703,126
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Total contributions received or receivable from participants	2013-12-31	$222,321
Expenses. Other expenses not covered elsewhere	2013-12-31	$90
Other income received	2013-12-31	$471,161
Net income (gross income less expenses)	2013-12-31	$797,474
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,500,600
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,703,126
Assets. Value of participant loans	2013-12-31	$67,732
Total contributions received or receivable from employer(s)	2013-12-31	$124,735
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$7,782
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$502,470
Expenses. Total of all expenses incurred	2012-12-31	$16,689
Benefits paid (including direct rollovers)	2012-12-31	$14,369
Total plan assets at end of year	2012-12-31	$1,703,126
Total plan assets at beginning of year	2012-12-31	$1,217,345
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$187,866
Contributions received from other sources (not participants or employers)	2012-12-31	$6,696
Other income received	2012-12-31	$196,769
Net income (gross income less expenses)	2012-12-31	$485,781
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,703,126
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,217,345
Assets. Value of participant loans	2012-12-31	$58,033
Total contributions received or receivable from employer(s)	2012-12-31	$111,139
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$2,320
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$241,576
Expenses. Total of all expenses incurred	2011-12-31	$2,255
Total plan assets at end of year	2011-12-31	$1,217,345
Total plan assets at beginning of year	2011-12-31	$978,024
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$169,852
Contributions received from other sources (not participants or employers)	2011-12-31	$7,306
Other income received	2011-12-31	$-34,905
Net income (gross income less expenses)	2011-12-31	$239,321
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,217,345
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$978,024
Assets. Value of participant loans	2011-12-31	$51,318
Total contributions received or receivable from employer(s)	2011-12-31	$99,323
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$2,255
2010 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$441,050
Expenses. Total of all expenses incurred	2010-12-31	$14,647
Benefits paid (including direct rollovers)	2010-12-31	$12,702
Total plan assets at end of year	2010-12-31	$978,024
Total plan assets at beginning of year	2010-12-31	$551,621
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$168,398
Contributions received from other sources (not participants or employers)	2010-12-31	$56,018
Other income received	2010-12-31	$116,755
Net income (gross income less expenses)	2010-12-31	$426,403
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$978,024
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$551,621
Assets. Value of participant loans	2010-12-31	$37,733
Total contributions received or receivable from employer(s)	2010-12-31	$99,879
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$1,945
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

2023: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

63206

Policy instance

Insurance contract or identification number	63206
Number of Individuals Covered	7
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

63206

Policy instance

Insurance contract or identification number	63206
Number of Individuals Covered	5
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

63206

Policy instance

Insurance contract or identification number	63206
Number of Individuals Covered	6
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

63206

Policy instance

Insurance contract or identification number	63206
Number of Individuals Covered	4
Insurance policy start date	2014-06-01
Insurance policy end date	2014-12-31
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

63206

Policy instance

Insurance contract or identification number	63206
Number of Individuals Covered	2
Insurance policy start date	2013-06-01
Insurance policy end date	2013-12-31
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

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Company Name:	SOUTH ATLANTIC BANK
Employer identification number (EIN):	261366826
NAIC Classification:	522110
NAIC Description:	Commercial Banking