401k Plan data: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN plan

FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 401k Plan overview

Plan Name	FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN
Plan identification number	002

FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Profit-sharing 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.

401k Sponsoring company profile

FARMERS STATE BANK OF PARKSTON has sponsored the creation of one or more 401k plans.

Company Name: FARMERS STATE BANK OF PARKSTON

Employer identification number (EIN): 466013331

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01 SCOTT BORMANN 2021-06-21
002 2019-01-01
002 2018-01-01 SCOTT BORMANN
002 2017-01-01 SCOTT BORMANN
002 2016-01-01 SCOTT BORMANN
002 2015-01-01 SCOTT BORMANN SCOTT BORMANN 2016-07-22
002 2014-01-01 SCOTT BORMANN SCOTT BORMANN 2015-07-09
002 2013-01-01 SCOTT BORMANN SCOTT BORMANN 2014-09-24
002 2012-01-01 BLAINE MEIER BLAINE MEIER 2014-09-05
002 2011-01-01 J D BORMANN J D BORMANN 2012-07-26
002 2009-01-01 J D BORMANN J D BORMANN 2010-10-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01	SCOTT BORMANN	2021-06-21
002	2019-01-01
002	2018-01-01	SCOTT BORMANN
002	2017-01-01	SCOTT BORMANN
002	2016-01-01	SCOTT BORMANN
002	2015-01-01	SCOTT BORMANN		SCOTT BORMANN	2016-07-22
002	2014-01-01	SCOTT BORMANN		SCOTT BORMANN	2015-07-09
002	2013-01-01	SCOTT BORMANN		SCOTT BORMANN	2014-09-24
002	2012-01-01	BLAINE MEIER		BLAINE MEIER	2014-09-05
002	2011-01-01	J D BORMANN		J D BORMANN	2012-07-26
002	2009-01-01	J D BORMANN		J D BORMANN	2010-10-15

Plan Statistics for FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN

401k plan membership statisitcs for FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN

Measure Date Value
2023: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 31
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 2
Total of all active and inactive participants 2023-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 33
Number of participants with account balances 2023-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 32
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 33
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 0
Total of all active and inactive participants 2022-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 33
Number of participants with account balances 2022-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 35
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 31
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 0
Total of all active and inactive participants 2021-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 31
Number of participants with account balances 2021-01-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 32
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 3
Total of all active and inactive participants 2020-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 35
Number of participants with account balances 2020-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2
2019: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 35
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 34
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 0
Total of all active and inactive participants 2019-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 34
Number of participants with account balances 2019-01-01 0
2018: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 32
Number of retired or separated participants receiving benefits 2018-01-01 3
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 35
Number of participants with account balances 2018-01-01 35
2017: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 33
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 0
Total of all active and inactive participants 2017-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 33
Number of participants with account balances 2017-01-01 33
2016: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 33
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 0
Total of all active and inactive participants 2016-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 33
Number of participants with account balances 2016-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 33
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 0
Total of all active and inactive participants 2015-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 33
Number of participants with account balances 2015-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 23
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 0
Total of all active and inactive participants 2014-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 23
Number of participants with account balances 2014-01-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 21
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 0
Total of all active and inactive participants 2013-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 21
Number of participants with account balances 2013-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 22
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 22
Number of participants with account balances 2012-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 22
Total of all active and inactive participants 2011-01-01 22
Total participants 2011-01-01 22
Number of participants with account balances 2011-01-01 22
2009: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 23
Total of all active and inactive participants 2009-01-01 23
Total participants 2009-01-01 23
Number of participants with account balances 2009-01-01 23

Measure	Date	Value
2023: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	31
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	2
Total of all active and inactive participants	2023-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	33
Number of participants with account balances	2023-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	32
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	33
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	0
Total of all active and inactive participants	2022-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	33
Number of participants with account balances	2022-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	35
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	31
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	0
Total of all active and inactive participants	2021-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	31
Number of participants with account balances	2021-01-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	32
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	3
Total of all active and inactive participants	2020-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	35
Number of participants with account balances	2020-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2
2019: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	35
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	34
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	0
Total of all active and inactive participants	2019-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	34
Number of participants with account balances	2019-01-01	0
2018: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	32
Number of retired or separated participants receiving benefits	2018-01-01	3
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	35
Number of participants with account balances	2018-01-01	35
2017: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	33
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	0
Total of all active and inactive participants	2017-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	33
Number of participants with account balances	2017-01-01	33
2016: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	33
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	0
Total of all active and inactive participants	2016-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	33
Number of participants with account balances	2016-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	33
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	0
Total of all active and inactive participants	2015-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	33
Number of participants with account balances	2015-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	23
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	0
Total of all active and inactive participants	2014-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	23
Number of participants with account balances	2014-01-01	23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	21
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	0
Total of all active and inactive participants	2013-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	21
Number of participants with account balances	2013-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	22
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	22
Number of participants with account balances	2012-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	22
Total of all active and inactive participants	2011-01-01	22
Total participants	2011-01-01	22
Number of participants with account balances	2011-01-01	22
2009: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	23
Total of all active and inactive participants	2009-01-01	23
Total participants	2009-01-01	23
Number of participants with account balances	2009-01-01	23

Financial Data on FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN

Measure	Date	Value
2023 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$1,470,931
Expenses. Total of all expenses incurred	2023-12-31	$392,592
Benefits paid (including direct rollovers)	2023-12-31	$392,448
Total plan assets at end of year	2023-12-31	$9,598,778
Total plan assets at beginning of year	2023-12-31	$8,520,439
Value of fidelity bond covering the plan	2023-12-31	$500,000
Total contributions received or receivable from participants	2023-12-31	$76,030
Other income received	2023-12-31	$1,052,445
Net income (gross income less expenses)	2023-12-31	$1,078,339
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$9,598,778
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$8,520,439
Total contributions received or receivable from employer(s)	2023-12-31	$342,456
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$144
2022 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-779,813
Expenses. Total of all expenses incurred	2022-12-31	$33,204
Benefits paid (including direct rollovers)	2022-12-31	$28,247
Total plan assets at end of year	2022-12-31	$8,520,439
Total plan assets at beginning of year	2022-12-31	$9,333,456
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$66,228
Other income received	2022-12-31	$-1,176,536
Net income (gross income less expenses)	2022-12-31	$-813,017
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$8,520,439
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$9,333,456
Total contributions received or receivable from employer(s)	2022-12-31	$330,495
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$4,957
2021 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$1,258,283
Expenses. Total of all expenses incurred	2021-12-31	$662,928
Benefits paid (including direct rollovers)	2021-12-31	$662,898
Total plan assets at end of year	2021-12-31	$9,333,456
Total plan assets at beginning of year	2021-12-31	$8,738,101
Value of fidelity bond covering the plan	2021-12-31	$500,000
Other income received	2021-12-31	$794,786
Net income (gross income less expenses)	2021-12-31	$595,355
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$9,333,456
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$8,738,101
Total contributions received or receivable from employer(s)	2021-12-31	$463,497
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$30
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$1,091,752
Expenses. Total of all expenses incurred	2020-12-31	$175,064
Benefits paid (including direct rollovers)	2020-12-31	$175,064
Total plan assets at end of year	2020-12-31	$8,738,101
Total plan assets at beginning of year	2020-12-31	$7,821,413
Value of fidelity bond covering the plan	2020-12-31	$500,000
Other income received	2020-12-31	$714,359
Net income (gross income less expenses)	2020-12-31	$916,688
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$8,738,101
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$7,821,413
Total contributions received or receivable from employer(s)	2020-12-31	$377,393
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$1,299,719
Expenses. Total of all expenses incurred	2019-12-31	$413,257
Benefits paid (including direct rollovers)	2019-12-31	$413,016
Total plan assets at end of year	2019-12-31	$7,821,413
Total plan assets at beginning of year	2019-12-31	$6,934,951
Value of fidelity bond covering the plan	2019-12-31	$500,000
Other income received	2019-12-31	$1,133,953
Net income (gross income less expenses)	2019-12-31	$886,462
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$7,821,413
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$6,934,951
Total contributions received or receivable from employer(s)	2019-12-31	$165,766
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$241
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$351,266
Expenses. Total of all expenses incurred	2018-12-31	$101,331
Benefits paid (including direct rollovers)	2018-12-31	$101,191
Total plan assets at end of year	2018-12-31	$6,934,951
Total plan assets at beginning of year	2018-12-31	$6,685,016
Value of fidelity bond covering the plan	2018-12-31	$500,000
Other income received	2018-12-31	$-293,734
Net income (gross income less expenses)	2018-12-31	$249,935
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$6,934,951
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$6,685,016
Total contributions received or receivable from employer(s)	2018-12-31	$645,000
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$140
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$970,077
Expenses. Total of all expenses incurred	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$6,685,016
Total plan assets at beginning of year	2017-12-31	$5,714,939
Value of fidelity bond covering the plan	2017-12-31	$500,000
Other income received	2017-12-31	$696,707
Net income (gross income less expenses)	2017-12-31	$970,077
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$6,685,016
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$5,714,939
Total contributions received or receivable from employer(s)	2017-12-31	$273,370
2016 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$658,419
Expenses. Total of all expenses incurred	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$5,714,939
Total plan assets at beginning of year	2016-12-31	$5,056,520
Value of fidelity bond covering the plan	2016-12-31	$500,000
Other income received	2016-12-31	$396,288
Net income (gross income less expenses)	2016-12-31	$658,419
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$5,714,939
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$5,056,520
Total contributions received or receivable from employer(s)	2016-12-31	$262,131
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
2015 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$691,760
Expenses. Total of all expenses incurred	2015-12-31	$231,805
Benefits paid (including direct rollovers)	2015-12-31	$225,401
Total plan assets at end of year	2015-12-31	$5,056,520
Total plan assets at beginning of year	2015-12-31	$4,596,565
Total contributions received or receivable from participants	2015-12-31	$393,750
Expenses. Other expenses not covered elsewhere	2015-12-31	$6,404
Other income received	2015-12-31	$-22,863
Net income (gross income less expenses)	2015-12-31	$459,955
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$5,056,520
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$4,596,565
Total contributions received or receivable from employer(s)	2015-12-31	$320,873
2014 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$249,549
Expenses. Total of all expenses incurred	2014-12-31	$6,769
Total plan assets at end of year	2014-12-31	$4,596,565
Total plan assets at beginning of year	2014-12-31	$4,353,785
Expenses. Other expenses not covered elsewhere	2014-12-31	$6,769
Other income received	2014-12-31	$157,892
Net income (gross income less expenses)	2014-12-31	$242,780
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$4,596,565
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$4,353,785
Total contributions received or receivable from employer(s)	2014-12-31	$91,657
2013 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$512,453
Expenses. Total of all expenses incurred	2013-12-31	$125,964
Benefits paid (including direct rollovers)	2013-12-31	$118,782
Total plan assets at end of year	2013-12-31	$4,353,785
Total plan assets at beginning of year	2013-12-31	$3,967,296
Expenses. Other expenses not covered elsewhere	2013-12-31	$7,182
Other income received	2013-12-31	$339,686
Net income (gross income less expenses)	2013-12-31	$386,489
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$4,353,785
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,967,296
Total contributions received or receivable from employer(s)	2013-12-31	$172,767
2012 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$393,818
Expenses. Total of all expenses incurred	2012-12-31	$8,681
Total plan assets at end of year	2012-12-31	$3,967,296
Total plan assets at beginning of year	2012-12-31	$3,582,159
Expenses. Other expenses not covered elsewhere	2012-12-31	$8,681
Other income received	2012-12-31	$221,619
Net income (gross income less expenses)	2012-12-31	$385,137
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,967,296
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$3,582,159
Total contributions received or receivable from employer(s)	2012-12-31	$172,199
2011 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$244,613
Expenses. Total of all expenses incurred	2011-12-31	$7,700
Benefits paid (including direct rollovers)	2011-12-31	$519
Total plan assets at end of year	2011-12-31	$3,582,159
Total plan assets at beginning of year	2011-12-31	$3,345,246
Expenses. Other expenses not covered elsewhere	2011-12-31	$7,181
Other income received	2011-12-31	$78,204
Net income (gross income less expenses)	2011-12-31	$236,913
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,582,159
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$3,345,246
Total contributions received or receivable from employer(s)	2011-12-31	$166,409
2010 : FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$893,992
Expenses. Total of all expenses incurred	2010-12-31	$216,817
Benefits paid (including direct rollovers)	2010-12-31	$209,632
Total plan assets at end of year	2010-12-31	$3,345,246
Total plan assets at beginning of year	2010-12-31	$2,668,071
Expenses. Other expenses not covered elsewhere	2010-12-31	$7,185
Other income received	2010-12-31	$706,294
Net income (gross income less expenses)	2010-12-31	$677,175
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$3,345,246
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,668,071
Total contributions received or receivable from employer(s)	2010-12-31	$187,698

Form 5500 Responses for FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN

2023: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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: FARMERS STATE BANK OF PARKSTON 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
2015: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FARMERS STATE BANK OF PARKSTON PROFIT-SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FARMERS STATE BANK OF PARKSTON
Employer identification number (EIN):	466013331
NAIC Classification:	522110
NAIC Description:	Commercial Banking