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NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NATIONAL BANKSHARES, INC has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL BANKSHARES, INC
Employer identification number (EIN):541375874
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about NATIONAL BANKSHARES, INC

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1986-04-28
Company Identification Number: 0286226
Legal Registered Office Address: P O BOX 90002
PO BOX 90002
BLACKSBURG
United States of America (USA)
24062-9002

More information about NATIONAL BANKSHARES, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032023-01-01
0032022-01-01
0032022-01-01
0032021-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01F. BRAD DENARDO
0032017-01-01F. BRAD DENARDO F. BRAD DENARDO2018-07-18
0032016-01-01JAMES G. RAKES JAMES G. RAKES2017-06-22
0032015-01-01JAMES G. RAKES
0032014-01-01JAMES G. RAKES
0032013-01-01JAMES G. RAKES JAMES G. RAKES2014-07-21
0032012-01-01JAMES G. RAKES JAMES G. RAKES2013-07-24
0032011-01-01JAMES G. RAKES
0032010-01-01JAMES G. RAKES JAMES G. RAKES2011-07-11
0032009-01-01JAMES G. RAKES JAMES G. RAKES2010-08-19
0032009-01-01JAMES G. RAKES JAMES G. RAKES2010-08-30

Plan Statistics for NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01215
Total number of active participants reported on line 7a of the Form 55002023-01-01182
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-0126
Total of all active and inactive participants2023-01-01210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-011
Total participants2023-01-01211
Number of participants with account balances2023-01-01211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-011
2022: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01224
Total number of active participants reported on line 7a of the Form 55002022-01-01175
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0125
Total of all active and inactive participants2022-01-01200
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01200
Number of participants with account balances2022-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01237
Total number of active participants reported on line 7a of the Form 55002021-01-01176
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0140
Total of all active and inactive participants2021-01-01216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01217
Number of participants with account balances2021-01-01217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01232
Total number of active participants reported on line 7a of the Form 55002020-01-01188
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0132
Total of all active and inactive participants2020-01-01221
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01221
Number of participants with account balances2020-01-01221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01216
Total number of active participants reported on line 7a of the Form 55002019-01-01187
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0133
Total of all active and inactive participants2019-01-01220
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01220
Number of participants with account balances2019-01-01219
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01221
Total number of active participants reported on line 7a of the Form 55002018-01-01190
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0126
Total of all active and inactive participants2018-01-01216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01217
Number of participants with account balances2018-01-01216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01214
Total number of active participants reported on line 7a of the Form 55002017-01-01186
Number of retired or separated participants receiving benefits2017-01-014
Number of other retired or separated participants entitled to future benefits2017-01-0118
Total of all active and inactive participants2017-01-01208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01208
Number of participants with account balances2017-01-01207
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01207
Total number of active participants reported on line 7a of the Form 55002016-01-01181
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0124
Total of all active and inactive participants2016-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01205
Number of participants with account balances2016-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01219
Total number of active participants reported on line 7a of the Form 55002015-01-01176
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0122
Total of all active and inactive participants2015-01-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01198
Number of participants with account balances2015-01-01197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01213
Total number of active participants reported on line 7a of the Form 55002014-01-01172
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0130
Total of all active and inactive participants2014-01-01203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01203
Number of participants with account balances2014-01-01203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01224
Total number of active participants reported on line 7a of the Form 55002013-01-01176
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0129
Total of all active and inactive participants2013-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01206
Number of participants with account balances2013-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01226
Total number of active participants reported on line 7a of the Form 55002012-01-01183
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-0126
Total of all active and inactive participants2012-01-01211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01212
Number of participants with account balances2012-01-01211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01229
Total number of active participants reported on line 7a of the Form 55002011-01-01189
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-0130
Total of all active and inactive participants2011-01-01220
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01220
Number of participants with account balances2011-01-01220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01236
Total number of active participants reported on line 7a of the Form 55002010-01-01207
Number of retired or separated participants receiving benefits2010-01-013
Number of other retired or separated participants entitled to future benefits2010-01-0115
Total of all active and inactive participants2010-01-01225
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01225
Number of participants with account balances2010-01-01223
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01236
Total number of active participants reported on line 7a of the Form 55002009-01-01199
Number of retired or separated participants receiving benefits2009-01-013
Number of other retired or separated participants entitled to future benefits2009-01-0117
Total of all active and inactive participants2009-01-01219
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01219
Number of participants with account balances2009-01-01219
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-1,508,819
Total unrealized appreciation/depreciation of assets2023-12-31$-1,508,819
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$-737,224
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$404,235
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$394,835
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$300,000
Value of total assets at end of year2023-12-31$6,664,254
Value of total assets at beginning of year2023-12-31$7,805,713
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$9,400
Total interest from all sources2023-12-31$10,289
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$461,255
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Other income not declared elsewhere2023-12-31$51
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-1,141,459
Value of net assets at end of year (total assets less liabilities)2023-12-31$6,664,254
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$7,805,713
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$221,992
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$96,703
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$96,703
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$10,289
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$6,142,262
Assets. Invements in employer securities at beginning of year2023-12-31$7,309,010
Contributions received in cash from employer2023-12-31$300,000
Employer contributions (assets) at end of year2023-12-31$300,000
Employer contributions (assets) at beginning of year2023-12-31$400,000
Income. Dividends from common stock2023-12-31$461,255
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$394,835
Contract administrator fees2023-12-31$9,400
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Disclaimer
Accountancy firm name2023-12-31YOUNT, HYDE AND BARBOUR, PC
Accountancy firm EIN2023-12-31541149263
2022 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$436,559
Total unrealized appreciation/depreciation of assets2022-12-31$436,559
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$1,445,939
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$860,577
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$850,777
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$400,000
Value of total assets at end of year2022-12-31$7,805,713
Value of total assets at beginning of year2022-12-31$7,220,351
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,800
Total interest from all sources2022-12-31$1,069
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$266,168
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other income not declared elsewhere2022-12-31$-23
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$585,362
Value of net assets at end of year (total assets less liabilities)2022-12-31$7,805,713
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,220,351
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$9,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$96,703
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$263,856
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$263,856
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$1,069
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$342,166
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$7,309,010
Assets. Invements in employer securities at beginning of year2022-12-31$6,596,495
Contributions received in cash from employer2022-12-31$400,000
Employer contributions (assets) at end of year2022-12-31$400,000
Employer contributions (assets) at beginning of year2022-12-31$360,000
Income. Dividends from common stock2022-12-31$266,168
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$850,777
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31YOUNT, HYDE AND BARBOUR, PC
Accountancy firm EIN2022-12-31541149263
2021 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$774,468
Total unrealized appreciation/depreciation of assets2021-12-31$774,468
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$1,446,418
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$533,879
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$524,239
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$360,000
Value of total assets at end of year2021-12-31$7,220,351
Value of total assets at beginning of year2021-12-31$6,307,812
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$9,640
Total interest from all sources2021-12-31$116
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$260,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$78,842
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Other income not declared elsewhere2021-12-31$-89
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$912,539
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,220,351
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,307,812
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$9,640
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$263,856
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$231,023
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$231,023
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$116
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$51,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$6,596,495
Assets. Invements in employer securities at beginning of year2021-12-31$5,776,789
Contributions received in cash from employer2021-12-31$360,000
Employer contributions (assets) at end of year2021-12-31$360,000
Employer contributions (assets) at beginning of year2021-12-31$300,000
Income. Dividends from common stock2021-12-31$260,758
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$524,239
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31YOUNT, HYDE & BARBOUR, PC
Accountancy firm EIN2021-12-31541149263
2020 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-2,723,383
Total unrealized appreciation/depreciation of assets2020-12-31$-2,723,383
Total transfer of assets to this plan2020-12-31$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$8,920
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$-2,151,177
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$557,952
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$548,552
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$300,000
Value of total assets at end of year2020-12-31$6,307,812
Value of total assets at beginning of year2020-12-31$9,025,861
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$9,400
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$978
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$255,119
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$417,049
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$0
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$16,109
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$8,920
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$-2,709,129
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,307,812
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$9,016,941
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$9,400
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$231,023
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$173,750
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$173,750
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$978
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$0
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$0
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$5,776,789
Assets. Invements in employer securities at beginning of year2020-12-31$8,552,111
Contributions received in cash from employer2020-12-31$300,000
Employer contributions (assets) at end of year2020-12-31$300,000
Employer contributions (assets) at beginning of year2020-12-31$300,000
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$255,119
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$548,552
Contract administrator fees2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31YOUNT, HYDE & BARBOUR, PC
Accountancy firm EIN2020-12-31541149263
2019 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,657,789
Total unrealized appreciation/depreciation of assets2019-12-31$1,657,789
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$8,920
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,222,210
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$708,369
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$699,449
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$300,000
Value of total assets at end of year2019-12-31$9,025,861
Value of total assets at beginning of year2019-12-31$7,503,100
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$8,920
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$3,135
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$261,286
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$669,819
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at end of year2019-12-31$8,920
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$1,513,841
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,016,941
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,503,100
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$8,920
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$173,750
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$199,433
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$199,433
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,135
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$8,552,111
Assets. Invements in employer securities at beginning of year2019-12-31$7,003,667
Contributions received in cash from employer2019-12-31$300,000
Employer contributions (assets) at end of year2019-12-31$300,000
Employer contributions (assets) at beginning of year2019-12-31$300,000
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$261,286
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$699,449
Contract administrator fees2019-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2019-12-31541149263
2018 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$-1,759,884
Total unrealized appreciation/depreciation of assets2018-12-31$-1,759,884
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-1,228,062
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,351,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,342,237
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$300,000
Value of total assets at end of year2018-12-31$7,503,100
Value of total assets at beginning of year2018-12-31$11,082,319
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$8,920
Total interest from all sources2018-12-31$3,989
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$227,833
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Administrative expenses (other) incurred2018-12-31$8,920
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,579,219
Value of net assets at end of year (total assets less liabilities)2018-12-31$7,503,100
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$11,082,319
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$199,433
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$146,074
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$146,074
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$3,989
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$7,003,667
Assets. Invements in employer securities at beginning of year2018-12-31$10,736,245
Contributions received in cash from employer2018-12-31$300,000
Employer contributions (assets) at end of year2018-12-31$300,000
Employer contributions (assets) at beginning of year2018-12-31$200,000
Income. Dividends from common stock2018-12-31$227,833
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,342,237
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31YOUNT, YYDE & BARBOUR, P.C.
Accountancy firm EIN2018-12-31541149263
2017 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$459,720
Total unrealized appreciation/depreciation of assets2017-12-31$459,720
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$935,924
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,033,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,024,820
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$200,000
Value of total assets at end of year2017-12-31$11,082,319
Value of total assets at beginning of year2017-12-31$11,180,015
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$8,800
Total interest from all sources2017-12-31$1,225
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$274,979
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Administrative expenses (other) incurred2017-12-31$8,800
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-97,696
Value of net assets at end of year (total assets less liabilities)2017-12-31$11,082,319
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,180,015
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$146,074
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$199,842
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$199,842
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,225
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$10,736,245
Assets. Invements in employer securities at beginning of year2017-12-31$10,830,173
Contributions received in cash from employer2017-12-31$200,000
Employer contributions (assets) at end of year2017-12-31$200,000
Employer contributions (assets) at beginning of year2017-12-31$150,000
Income. Dividends from common stock2017-12-31$274,979
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,024,820
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2017-12-31541149263
2016 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$1,986,212
Total unrealized appreciation/depreciation of assets2016-12-31$1,986,212
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$2,424,263
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$146,769
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$138,089
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$150,000
Value of total assets at end of year2016-12-31$11,180,015
Value of total assets at beginning of year2016-12-31$8,902,521
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$8,680
Total interest from all sources2016-12-31$340
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$287,711
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Administrative expenses (other) incurred2016-12-31$8,680
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$2,277,494
Value of net assets at end of year (total assets less liabilities)2016-12-31$11,180,015
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$8,902,521
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$199,842
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$141,859
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$141,859
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$340
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$10,830,173
Assets. Invements in employer securities at beginning of year2016-12-31$8,560,662
Contributions received in cash from employer2016-12-31$150,000
Employer contributions (assets) at end of year2016-12-31$150,000
Employer contributions (assets) at beginning of year2016-12-31$200,000
Income. Dividends from common stock2016-12-31$287,711
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$138,089
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2016-12-31541149263
2015 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$1,217,821
Total unrealized appreciation/depreciation of assets2015-12-31$1,217,821
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,688,812
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$736,031
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$727,111
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$200,000
Value of total assets at end of year2015-12-31$8,902,521
Value of total assets at beginning of year2015-12-31$7,949,740
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$8,920
Total interest from all sources2015-12-31$145
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$270,846
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Administrative expenses (other) incurred2015-12-31$8,920
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$952,781
Value of net assets at end of year (total assets less liabilities)2015-12-31$8,902,521
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$7,949,740
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$141,859
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$361,605
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$361,605
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$145
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$8,560,662
Assets. Invements in employer securities at beginning of year2015-12-31$7,488,209
Contributions received in cash from employer2015-12-31$200,000
Employer contributions (assets) at end of year2015-12-31$200,000
Employer contributions (assets) at beginning of year2015-12-31$99,926
Income. Dividends from common stock2015-12-31$270,846
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$727,111
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2015-12-31541149263
2014 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-1,638,087
Total unrealized appreciation/depreciation of assets2014-12-31$-1,638,087
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$-1,256,443
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$972,671
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$963,591
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$100,000
Value of total assets at end of year2014-12-31$7,949,740
Value of total assets at beginning of year2014-12-31$10,178,854
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$9,080
Total interest from all sources2014-12-31$82
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$281,562
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Administrative expenses (other) incurred2014-12-31$9,080
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-2,229,114
Value of net assets at end of year (total assets less liabilities)2014-12-31$7,949,740
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,178,854
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$361,605
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$70,124
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$70,124
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$82
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$7,488,209
Assets. Invements in employer securities at beginning of year2014-12-31$9,833,841
Contributions received in cash from employer2014-12-31$100,000
Employer contributions (assets) at end of year2014-12-31$99,926
Employer contributions (assets) at beginning of year2014-12-31$274,889
Income. Dividends from common stock2014-12-31$281,562
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$963,591
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2014-12-31541149263
2013 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$1,177,885
Total unrealized appreciation/depreciation of assets2013-12-31$1,177,885
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,749,636
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$551,895
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$542,615
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$275,000
Value of total assets at end of year2013-12-31$10,178,854
Value of total assets at beginning of year2013-12-31$8,981,113
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$9,280
Total interest from all sources2013-12-31$78
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$296,673
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Administrative expenses (other) incurred2013-12-31$9,280
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,197,741
Value of net assets at end of year (total assets less liabilities)2013-12-31$10,178,854
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$8,981,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$70,124
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$91,585
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$91,585
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$78
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$9,833,841
Assets. Invements in employer securities at beginning of year2013-12-31$8,519,639
Contributions received in cash from employer2013-12-31$275,000
Employer contributions (assets) at end of year2013-12-31$274,889
Employer contributions (assets) at beginning of year2013-12-31$369,889
Income. Dividends from common stock2013-12-31$296,673
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$542,615
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2013-12-31541149263
2012 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,189,188
Total unrealized appreciation/depreciation of assets2012-12-31$1,189,188
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,843,093
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$981,368
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$972,128
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$370,000
Value of total assets at end of year2012-12-31$8,981,113
Value of total assets at beginning of year2012-12-31$8,119,388
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$9,240
Total interest from all sources2012-12-31$157
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$283,748
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Administrative expenses (other) incurred2012-12-31$9,240
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$861,725
Value of net assets at end of year (total assets less liabilities)2012-12-31$8,981,113
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$8,119,388
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$91,585
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$137,004
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$137,004
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$157
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$8,519,639
Assets. Invements in employer securities at beginning of year2012-12-31$7,562,495
Contributions received in cash from employer2012-12-31$370,000
Employer contributions (assets) at end of year2012-12-31$369,889
Employer contributions (assets) at beginning of year2012-12-31$419,889
Income. Dividends from common stock2012-12-31$283,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$972,128
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2012-12-31541149263
2011 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-920,228
Total unrealized appreciation/depreciation of assets2011-12-31$-920,228
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$-232,755
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$108,690
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$99,250
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$419,889
Value of total assets at end of year2011-12-31$8,119,388
Value of total assets at beginning of year2011-12-31$8,460,833
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$9,440
Total interest from all sources2011-12-31$114
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$267,470
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Administrative expenses (other) incurred2011-12-31$9,440
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-341,445
Value of net assets at end of year (total assets less liabilities)2011-12-31$8,119,388
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$8,460,833
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$137,004
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$27,507
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$27,507
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$114
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$7,562,495
Assets. Invements in employer securities at beginning of year2011-12-31$8,083,326
Contributions received in cash from employer2011-12-31$419,889
Employer contributions (assets) at end of year2011-12-31$419,889
Employer contributions (assets) at beginning of year2011-12-31$350,000
Income. Dividends from preferred stock2011-12-31$267,470
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$99,250
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2011-12-31541149263
2010 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$689,986
Total unrealized appreciation/depreciation of assets2010-12-31$689,986
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,268,715
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$80,730
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$75,245
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$350,000
Value of total assets at end of year2010-12-31$8,460,833
Value of total assets at beginning of year2010-12-31$7,272,848
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$5,485
Total interest from all sources2010-12-31$94
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$228,635
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Administrative expenses (other) incurred2010-12-31$5,485
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,187,985
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,460,833
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,272,848
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$27,507
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$84,261
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$84,261
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$94
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$8,083,326
Assets. Invements in employer securities at beginning of year2010-12-31$6,888,587
Contributions received in cash from employer2010-12-31$350,000
Employer contributions (assets) at end of year2010-12-31$350,000
Employer contributions (assets) at beginning of year2010-12-31$300,000
Income. Dividends from preferred stock2010-12-31$228,635
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$75,245
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN2010-12-31541149263
2009 : NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedYes
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NATIONAL BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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