401k Plan data: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN plan

FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN
Plan identification number	001

FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

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

Company Name: DEERWOOD BANK

Employer identification number (EIN): 410216169

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 ANDREA BEDARD
001 2016-01-01 ANDREA BEDARD
001 2015-01-01 ANDREA BEDARD 2016-06-09
001 2014-01-01 A1079313 2015-07-14
001 2013-01-01 ANDREA BEDARD 2014-07-08
001 2012-01-01 ANDREA BEDARD 2013-07-19 ANDREA BEDARD 2013-07-23
001 2011-01-01 JENNIFER HARTING 2012-07-19
001 2010-01-01 JOHN L. OHLIN 2011-05-24

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	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	ANDREA BEDARD
001	2016-01-01	ANDREA BEDARD
001	2015-01-01	ANDREA BEDARD	2016-06-09
001	2014-01-01	A1079313	2015-07-14
001	2013-01-01	ANDREA BEDARD	2014-07-08
001	2012-01-01	ANDREA BEDARD	2013-07-19	ANDREA BEDARD	2013-07-23
001	2011-01-01	JENNIFER HARTING	2012-07-19
001	2010-01-01	JOHN L. OHLIN	2011-05-24

Plan Statistics for FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 200
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 169
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 33
Total of all active and inactive participants 2023-01-01 202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 202
Number of participants with account balances 2023-01-01 169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 7
2022: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 190
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 171
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 28
Total of all active and inactive participants 2022-01-01 199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 199
Number of participants with account balances 2022-01-01 160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 181
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 153
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 33
Total of all active and inactive participants 2021-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 186
Number of participants with account balances 2021-01-01 154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 9
2020: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 175
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 152
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 26
Total of all active and inactive participants 2020-01-01 178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 178
Number of participants with account balances 2020-01-01 151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 4
2019: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 178
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 151
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 23
Total of all active and inactive participants 2019-01-01 174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 174
Number of participants with account balances 2019-01-01 148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 6
2018: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 174
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 150
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 23
Total of all active and inactive participants 2018-01-01 173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 173
Number of participants with account balances 2018-01-01 138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 3
2017: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 145
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 28
Total of all active and inactive participants 2017-01-01 173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 173
Number of participants with account balances 2017-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 1
2016: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 139
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 109
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 29
Total of all active and inactive participants 2016-01-01 138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 138
Number of participants with account balances 2016-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 19

Measure	Date	Value
2023: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	200
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	169
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	33
Total of all active and inactive participants	2023-01-01	202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	202
Number of participants with account balances	2023-01-01	169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	7
2022: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	190
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	171
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	28
Total of all active and inactive participants	2022-01-01	199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	199
Number of participants with account balances	2022-01-01	160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	181
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	153
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	33
Total of all active and inactive participants	2021-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	186
Number of participants with account balances	2021-01-01	154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	9
2020: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	175
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	152
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	26
Total of all active and inactive participants	2020-01-01	178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	178
Number of participants with account balances	2020-01-01	151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	4
2019: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	178
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	151
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	23
Total of all active and inactive participants	2019-01-01	174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	174
Number of participants with account balances	2019-01-01	148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	6
2018: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	174
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	150
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	23
Total of all active and inactive participants	2018-01-01	173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	173
Number of participants with account balances	2018-01-01	138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	3
2017: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	145
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	28
Total of all active and inactive participants	2017-01-01	173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	173
Number of participants with account balances	2017-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	1
2016: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	139
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	109
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	29
Total of all active and inactive participants	2016-01-01	138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	138
Number of participants with account balances	2016-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	19

Financial Data on FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$15,732
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$3,096,525
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$346,183
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$299,851
Value of total corrective distributions	2023-12-31	$15,732
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,247,468
Value of total assets at end of year	2023-12-31	$13,248,397
Value of total assets at beginning of year	2023-12-31	$10,482,323
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$30,600
Total interest from all sources	2023-12-31	$21,209
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$269,053
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$269,053
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$7,000,000
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	$957,211
Participant contributions at end of year	2023-12-31	$61,889
Participant contributions at beginning of year	2023-12-31	$33,496
Participant contributions at end of year	2023-12-31	$58,588
Participant contributions at beginning of year	2023-12-31	$27,674
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$27,030
Total non interest bearing cash at end of year	2023-12-31	$262,170
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	$2,750,342
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$13,232,665
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$10,482,323
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
Investment advisory and management fees	2023-12-31	$30,000
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$12,459,773
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$9,839,292
Interest on participant loans	2023-12-31	$2,657
Income. Interest from loans (other than to participants)	2023-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$405,977
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$334,516
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$334,516
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-12-31	$18,552
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,558,795
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	$263,227
Employer contributions (assets) at end of year	2023-12-31	$0
Employer contributions (assets) at beginning of year	2023-12-31	$247,345
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$299,851
Contract administrator fees	2023-12-31	$600
Liabilities. Value of benefit claims payable at end of year	2023-12-31	$15,732
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	CLIFTONLARSONALLEN LLP
Accountancy firm EIN	2023-12-31	410746749
2022 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$0
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	$-612,180
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,573,270
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,536,767
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,161,088
Value of total assets at end of year	2022-12-31	$10,482,323
Value of total assets at beginning of year	2022-12-31	$12,667,773
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$36,503
Total interest from all sources	2022-12-31	$4,124
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$205,148
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$205,148
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$4,000,000
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	$852,774
Participant contributions at end of year	2022-12-31	$33,496
Participant contributions at beginning of year	2022-12-31	$38,901
Participant contributions at end of year	2022-12-31	$27,674
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$60,969
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	$-2,185,450
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$10,482,323
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$12,667,773
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
Investment advisory and management fees	2022-12-31	$34,883
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$9,839,292
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$12,201,537
Interest on participant loans	2022-12-31	$1,464
Income. Interest from loans (other than to participants)	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$334,516
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$181,764
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$181,764
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$2,660
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,982,540
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	$247,345
Employer contributions (assets) at end of year	2022-12-31	$247,345
Employer contributions (assets) at beginning of year	2022-12-31	$245,571
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,536,767
Contract administrator fees	2022-12-31	$1,620
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	ABDO LLP
Accountancy firm EIN	2022-12-31	411397419
2021 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$3,225,575
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$521,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$473,277
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,309,119
Value of total assets at end of year	2021-12-31	$12,667,773
Value of total assets at beginning of year	2021-12-31	$9,963,992
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$48,517
Total interest from all sources	2021-12-31	$2,063
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$221,314
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$221,314
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$4,000,000
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	$828,609
Participant contributions at end of year	2021-12-31	$38,901
Participant contributions at beginning of year	2021-12-31	$61,601
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$47,106
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$240,055
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	$2,703,781
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$12,667,773
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$9,963,992
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
Investment advisory and management fees	2021-12-31	$47,152
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$12,201,537
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$9,330,051
Interest on participant loans	2021-12-31	$2,026
Income. Interest from loans (other than to participants)	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$181,764
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$283,521
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$283,521
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$37
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,693,079
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	$240,455
Employer contributions (assets) at end of year	2021-12-31	$245,571
Employer contributions (assets) at beginning of year	2021-12-31	$241,713
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$473,277
Contract administrator fees	2021-12-31	$1,365
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	Disclaimer
Accountancy firm name	2021-12-31	ABDO EICK & MEYERS
Accountancy firm EIN	2021-12-31	411397419
2020 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$14,048
Total income from all sources (including contributions)	2020-12-31	$1,884,438
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$551,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$507,490
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,045,679
Value of total assets at end of year	2020-12-31	$9,963,992
Value of total assets at beginning of year	2020-12-31	$8,644,729
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$43,637
Total interest from all sources	2020-12-31	$4,659
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$136,403
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$136,403
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$4,000,000
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	$787,293
Participant contributions at end of year	2020-12-31	$61,601
Participant contributions at beginning of year	2020-12-31	$63,530
Participant contributions at end of year	2020-12-31	$47,106
Participant contributions at beginning of year	2020-12-31	$42,001
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$16,195
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	$1,333,311
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$9,963,992
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$8,630,681
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
Investment advisory and management fees	2020-12-31	$42,722
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$9,330,051
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$8,059,167
Interest on participant loans	2020-12-31	$2,804
Income. Interest from loans (other than to participants)	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$283,521
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$281,898
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$281,898
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$1,855
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$697,697
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	$242,191
Employer contributions (assets) at end of year	2020-12-31	$241,713
Employer contributions (assets) at beginning of year	2020-12-31	$198,133
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$507,490
Contract administrator fees	2020-12-31	$915
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$14,048
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	ABDO EICK & MEYERS
Accountancy firm EIN	2020-12-31	411397419
2019 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN 2019 401k financial data
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	$14,048
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$8,061
Total income from all sources (including contributions)	2019-12-31	$2,423,281
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$471,350
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$429,761
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,048,721
Value of total assets at end of year	2019-12-31	$8,644,729
Value of total assets at beginning of year	2019-12-31	$6,686,811
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$41,589
Total interest from all sources	2019-12-31	$9,012
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$164,270
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$164,270
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$4,000,000
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
Contributions received from participants	2019-12-31	$677,872
Participant contributions at end of year	2019-12-31	$63,530
Participant contributions at beginning of year	2019-12-31	$51,084
Participant contributions at end of year	2019-12-31	$42,001
Participant contributions at beginning of year	2019-12-31	$32,038
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$169,600
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	$1,951,931
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$8,630,681
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$6,678,750
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 leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$41,589
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$8,059,167
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$6,149,509
Interest on participant loans	2019-12-31	$2,948
Income. Interest from loans (other than to participants)	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$281,898
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$274,513
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$274,513
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$6,064
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,201,278
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
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	$201,249
Employer contributions (assets) at end of year	2019-12-31	$198,133
Employer contributions (assets) at beginning of year	2019-12-31	$179,667
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$429,761
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$14,048
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$8,061
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
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
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	ABDO EICK & MEYERS
Accountancy firm EIN	2019-12-31	411397419
2018 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$8,061
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$5,604
Total income from all sources (including contributions)	2018-12-31	$1,349,518
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$338,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$306,294
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,910,338
Value of total assets at end of year	2018-12-31	$6,686,811
Value of total assets at beginning of year	2018-12-31	$5,673,364
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$32,234
Total interest from all sources	2018-12-31	$7,269
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$128,077
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$128,077
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$2,000,000
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	$531,961
Participant contributions at end of year	2018-12-31	$51,084
Participant contributions at beginning of year	2018-12-31	$60,913
Participant contributions at end of year	2018-12-31	$32,038
Participant contributions at beginning of year	2018-12-31	$41,799
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$1,192,374
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	$1,010,990
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$6,678,750
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$5,667,760
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
Investment advisory and management fees	2018-12-31	$32,234
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$6,149,509
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$5,227,369
Interest on participant loans	2018-12-31	$2,548
Income. Interest from loans (other than to participants)	2018-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$274,513
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$213,303
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$213,303
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$4,721
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-696,166
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
Contributions received in cash from employer	2018-12-31	$186,003
Employer contributions (assets) at end of year	2018-12-31	$179,667
Employer contributions (assets) at beginning of year	2018-12-31	$129,980
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$306,294
Contract administrator fees	2018-12-31	$0
Liabilities. Value of benefit claims payable at end of year	2018-12-31	$8,061
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$5,604
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	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	ABDO EICK & MEYERS
Accountancy firm EIN	2018-12-31	411397419
2017 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$5,604
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$475
Total income from all sources (including contributions)	2017-12-31	$1,372,698
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$146,324
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$119,150
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$629,383
Value of total assets at end of year	2017-12-31	$5,673,364
Value of total assets at beginning of year	2017-12-31	$4,441,861
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$27,174
Total interest from all sources	2017-12-31	$3,675
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$90,759
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	$90,759
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$2,000,000
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	$383,997
Participant contributions at end of year	2017-12-31	$60,913
Participant contributions at beginning of year	2017-12-31	$53,495
Participant contributions at end of year	2017-12-31	$41,799
Participant contributions at beginning of year	2017-12-31	$16,019
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$115,406
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	$1,226,374
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$5,667,760
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$4,441,386
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
Investment advisory and management fees	2017-12-31	$27,174
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$5,227,369
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$3,999,446
Interest on participant loans	2017-12-31	$1,281
Income. Interest from loans (other than to participants)	2017-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$213,303
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$323,394
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$323,394
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$2,394
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$648,881
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
Contributions received in cash from employer	2017-12-31	$129,980
Employer contributions (assets) at end of year	2017-12-31	$129,980
Employer contributions (assets) at beginning of year	2017-12-31	$49,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$119,150
Liabilities. Value of benefit claims payable at end of year	2017-12-31	$5,604
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$475
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	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	ABDO EICK & MEYERS
Accountancy firm EIN	2017-12-31	411397419
2016 : FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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	$475
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$991,551
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$955,446
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$927,701
Value of total corrective distributions	2016-12-31	$475
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$513,758
Value of total assets at end of year	2016-12-31	$4,441,861
Value of total assets at beginning of year	2016-12-31	$4,405,281
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$27,270
Total interest from all sources	2016-12-31	$4,196
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$76,876
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	$76,876
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	$403,644
Participant contributions at end of year	2016-12-31	$53,495
Participant contributions at beginning of year	2016-12-31	$84,277
Participant contributions at end of year	2016-12-31	$16,019
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$384
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-12-31	$475
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$36,105
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$4,441,386
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$4,405,281
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
Investment advisory and management fees	2016-12-31	$22,960
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$3,999,446
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$4,100,484
Interest on participant loans	2016-12-31	$2,592
Income. Interest from loans (other than to participants)	2016-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$323,394
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$220,520
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$220,520
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$1,604
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$396,721
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
Contributions received in cash from employer	2016-12-31	$109,730
Employer contributions (assets) at end of year	2016-12-31	$49,507
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$927,701
Contract administrator fees	2016-12-31	$4,310
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	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	ABDO EICK & MEYERS
Accountancy firm EIN	2016-12-31	411397419

Form 5500 Responses for FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING PLAN

2023: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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 – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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: FIRST NATIONAL BANK OF DEERWOOD 401(K) PROFIT SHARING 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

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Company Name:	DEERWOOD BANK
Employer identification number (EIN):	410216169
NAIC Classification:	522110
NAIC Description:	Commercial Banking