401k Plan data: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN plan

BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 401k Plan overview

Plan Name	BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN
Plan identification number	001

BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BANK OF NORTH CAROLINA has sponsored the creation of one or more 401k plans.

Company Name: BANK OF NORTH CAROLINA

Employer identification number (EIN): 561663154

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about BANK OF NORTH CAROLINA

Jurisdiction of Incorporation: North Carolina Secretary of State

Incorporation Date:

Company Identification Number: 0296446

More information about BANK OF NORTH CAROLINA

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 PATTI HARRIS PATTI HARRIS 2018-10-09
001 2017-01-01 PATTI HARRIS PATTI HARRIS 2018-10-04
001 2016-01-01 ASHLEY BLACKWELL ASHLEY BLACKWELL 2017-07-19
001 2015-01-01 ASHLEY BLACKWELL ASHLEY BLACKWELL 2016-06-29
001 2014-06-01 ANITA KLEEBERG ANITA KLEEBERG 2015-07-07
001 2013-06-01 ANITA KLEEBERG ANITA KLEEBERG 2014-12-22
001 2012-06-01 ANITA KLEEBERG ANITA KLEEBERG 2014-12-26
001 2011-06-01 SUSAN SPRINGER SUSAN SPRINGER 2012-12-21
001 2009-06-01 SUE SPRINGER 2010-11-12
001 2009-06-01 SUE SPRINGER

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	PATTI HARRIS	PATTI HARRIS	2018-10-09
001	2017-01-01	PATTI HARRIS	PATTI HARRIS	2018-10-04
001	2016-01-01	ASHLEY BLACKWELL	ASHLEY BLACKWELL	2017-07-19
001	2015-01-01	ASHLEY BLACKWELL	ASHLEY BLACKWELL	2016-06-29
001	2014-06-01	ANITA KLEEBERG	ANITA KLEEBERG	2015-07-07
001	2013-06-01	ANITA KLEEBERG	ANITA KLEEBERG	2014-12-22
001	2012-06-01	ANITA KLEEBERG	ANITA KLEEBERG	2014-12-26
001	2011-06-01	SUSAN SPRINGER	SUSAN SPRINGER	2012-12-21
001	2009-06-01		SUE SPRINGER	2010-11-12
001	2009-06-01	SUE SPRINGER

Plan Statistics for BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2017: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 1,101
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 0
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 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 0
Number of participants with account balances 2017-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1,066
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 1,052
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 145
Total of all active and inactive participants 2016-01-01 1,197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 1,197
Number of participants with account balances 2016-01-01 1,063
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 930
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 862
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 117
Total of all active and inactive participants 2015-01-01 979
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 979
Number of participants with account balances 2015-01-01 894
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-06-01 874
Total number of active participants reported on line 7a of the Form 5500 2014-06-01 771
Number of retired or separated participants receiving benefits 2014-06-01 0
Number of other retired or separated participants entitled to future benefits 2014-06-01 62
Total of all active and inactive participants 2014-06-01 833
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-06-01 0
Total participants 2014-06-01 833
Number of participants with account balances 2014-06-01 740
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-06-01 29
2013: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-06-01 679
Total number of active participants reported on line 7a of the Form 5500 2013-06-01 690
Number of retired or separated participants receiving benefits 2013-06-01 0
Number of other retired or separated participants entitled to future benefits 2013-06-01 54
Total of all active and inactive participants 2013-06-01 744
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-06-01 0
Total participants 2013-06-01 744
Number of participants with account balances 2013-06-01 655
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-06-01 38
2012: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-06-01 550
Total number of active participants reported on line 7a of the Form 5500 2012-06-01 569
Number of retired or separated participants receiving benefits 2012-06-01 0
Number of other retired or separated participants entitled to future benefits 2012-06-01 34
Total of all active and inactive participants 2012-06-01 603
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-06-01 0
Total participants 2012-06-01 603
Number of participants with account balances 2012-06-01 521
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-06-01 35
2011: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-06-01 430
Total number of active participants reported on line 7a of the Form 5500 2011-06-01 480
Number of retired or separated participants receiving benefits 2011-06-01 0
Number of other retired or separated participants entitled to future benefits 2011-06-01 27
Total of all active and inactive participants 2011-06-01 507
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-06-01 0
Total participants 2011-06-01 507
Number of participants with account balances 2011-06-01 437
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-06-01 23
2009: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-06-01 254
Total number of active participants reported on line 7a of the Form 5500 2009-06-01 344
Number of retired or separated participants receiving benefits 2009-06-01 0
Number of other retired or separated participants entitled to future benefits 2009-06-01 14
Total of all active and inactive participants 2009-06-01 358
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-06-01 0
Total participants 2009-06-01 358
Number of participants with account balances 2009-06-01 273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-06-01 4

Measure	Date	Value
2017: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	1,101
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	0
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	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	0
Number of participants with account balances	2017-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1,066
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	1,052
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	145
Total of all active and inactive participants	2016-01-01	1,197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	1,197
Number of participants with account balances	2016-01-01	1,063
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	930
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	862
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	117
Total of all active and inactive participants	2015-01-01	979
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	979
Number of participants with account balances	2015-01-01	894
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-06-01	874
Total number of active participants reported on line 7a of the Form 5500	2014-06-01	771
Number of retired or separated participants receiving benefits	2014-06-01	0
Number of other retired or separated participants entitled to future benefits	2014-06-01	62
Total of all active and inactive participants	2014-06-01	833
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-06-01	0
Total participants	2014-06-01	833
Number of participants with account balances	2014-06-01	740
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-06-01	29
2013: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-06-01	679
Total number of active participants reported on line 7a of the Form 5500	2013-06-01	690
Number of retired or separated participants receiving benefits	2013-06-01	0
Number of other retired or separated participants entitled to future benefits	2013-06-01	54
Total of all active and inactive participants	2013-06-01	744
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-06-01	0
Total participants	2013-06-01	744
Number of participants with account balances	2013-06-01	655
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-06-01	38
2012: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-06-01	550
Total number of active participants reported on line 7a of the Form 5500	2012-06-01	569
Number of retired or separated participants receiving benefits	2012-06-01	0
Number of other retired or separated participants entitled to future benefits	2012-06-01	34
Total of all active and inactive participants	2012-06-01	603
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-06-01	0
Total participants	2012-06-01	603
Number of participants with account balances	2012-06-01	521
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-06-01	35
2011: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-06-01	430
Total number of active participants reported on line 7a of the Form 5500	2011-06-01	480
Number of retired or separated participants receiving benefits	2011-06-01	0
Number of other retired or separated participants entitled to future benefits	2011-06-01	27
Total of all active and inactive participants	2011-06-01	507
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-06-01	0
Total participants	2011-06-01	507
Number of participants with account balances	2011-06-01	437
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-06-01	23
2009: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-06-01	254
Total number of active participants reported on line 7a of the Form 5500	2009-06-01	344
Number of retired or separated participants receiving benefits	2009-06-01	0
Number of other retired or separated participants entitled to future benefits	2009-06-01	14
Total of all active and inactive participants	2009-06-01	358
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-06-01	0
Total participants	2009-06-01	358
Number of participants with account balances	2009-06-01	273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-06-01	4

Financial Data on BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN

Measure	Date	Value
2017 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets	2017-12-11	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-11	$-928,963
Total unrealized appreciation/depreciation of assets	2017-12-11	$-928,963
Total transfer of assets to this plan	2017-12-11	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-11	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-11	$0
Total income from all sources (including contributions)	2017-12-11	$9,075,552
Total loss/gain on sale of assets	2017-12-11	$1,290,507
Total of all expenses incurred	2017-12-11	$70,015,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-11	$69,844,374
Expenses. Certain deemed distributions of participant loans	2017-12-11	$0
Value of total corrective distributions	2017-12-11	$5,389
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-11	$4,108,882
Value of total assets at end of year	2017-12-11	$0
Value of total assets at beginning of year	2017-12-11	$60,940,314
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-11	$166,103
Total income from rents	2017-12-11	$0
Total interest from all sources	2017-12-11	$34,455
Total dividends received (eg from common stock, registered investment company shares)	2017-12-11	$155,129
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-11	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2017-12-11	$0
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-11	$93,493
Administrative expenses professional fees incurred	2017-12-11	$0
Was this plan covered by a fidelity bond	2017-12-11	Yes
Value of fidelity bond cover	2017-12-11	$10,000,000
If this is an individual account plan, was there a blackout period	2017-12-11	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-11	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-11	No
Amount of non-exempt transactions with any party-in-interest	2017-12-11	$0
Contributions received from participants	2017-12-11	$2,517,701
Participant contributions at end of year	2017-12-11	$0
Participant contributions at beginning of year	2017-12-11	$1,373,534
Participant contributions at end of year	2017-12-11	$0
Participant contributions at beginning of year	2017-12-11	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-11	$370,041
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2017-12-11	$3,547
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-11	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-11	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-11	$0
Other income not declared elsewhere	2017-12-11	$3,531
Administrative expenses (other) incurred	2017-12-11	$0
Liabilities. Value of operating payables at beginning of year	2017-12-11	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-11	No
Value of net income/loss	2017-12-11	$-60,940,314
Value of net assets at end of year (total assets less liabilities)	2017-12-11	$0
Value of net assets at beginning of year (total assets less liabilities)	2017-12-11	$60,940,314
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-11	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-11	No
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 year	2017-12-11	$0
Were any leases to which the plan was party in default or uncollectible	2017-12-11	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2017-12-11	$0
Investment advisory and management fees	2017-12-11	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-11	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-11	$6,784,627
Value of interest in pooled separate accounts at end of year	2017-12-11	$0
Value of interest in pooled separate accounts at beginning of year	2017-12-11	$34,966,950
Interest on participant loans	2017-12-11	$34,455
Income. Interest from loans (other than to participants)	2017-12-11	$0
Interest earned on other investments	2017-12-11	$0
Income. Interest from US Government securities	2017-12-11	$0
Income. Interest from corporate debt instruments	2017-12-11	$0
Value of interest in common/collective trusts at end of year	2017-12-11	$0
Value of interest in common/collective trusts at beginning of year	2017-12-11	$5,794,704
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-11	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2017-12-11	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-11	$647,283
Net investment gain/loss from pooled separate accounts	2017-12-11	$1,468,709
Net investment gain or loss from common/collective trusts	2017-12-11	$2,296,019
Net gain/loss from 103.12 investment entities	2017-12-11	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-11	No
Was there a failure to transmit to the plan any participant contributions	2017-12-11	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-11	No
Assets. Invements in employer securities at end of year	2017-12-11	$0
Assets. Invements in employer securities at beginning of year	2017-12-11	$12,020,499
Contributions received in cash from employer	2017-12-11	$1,221,140
Employer contributions (assets) at end of year	2017-12-11	$0
Employer contributions (assets) at beginning of year	2017-12-11	$0
Income. Dividends from preferred stock	2017-12-11	$0
Income. Dividends from common stock	2017-12-11	$61,636
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-11	$69,840,827
Contract administrator fees	2017-12-11	$166,103
Liabilities. Value of benefit claims payable at beginning of year	2017-12-11	$0
Did the plan have assets held for investment	2017-12-11	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-11	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-11	Yes
Aggregate proceeds on sale of assets	2017-12-11	$14,055,108
Aggregate carrying amount (costs) on sale of assets	2017-12-11	$12,764,601
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-11	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-11	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-11	Disclaimer
Accountancy firm name	2017-12-11	CHERRY BEKAERT LLP
Accountancy firm EIN	2017-12-11	560574444
2016 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets	2016-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$2,513,128
Total unrealized appreciation/depreciation of assets	2016-12-31	$2,513,128
Total transfer of assets to this plan	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$20,212,224
Total loss/gain on sale of assets	2016-12-31	$87,738
Total of all expenses incurred	2016-12-31	$4,476,344
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$4,447,723
Expenses. Certain deemed distributions of participant loans	2016-12-31	$0
Value of total corrective distributions	2016-12-31	$886
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$14,659,488
Value of total assets at end of year	2016-12-31	$60,940,314
Value of total assets at beginning of year	2016-12-31	$45,204,434
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$27,735
Total income from rents	2016-12-31	$0
Total interest from all sources	2016-12-31	$64,245
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$145,025
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$67,691
Administrative expenses professional fees incurred	2016-12-31	$0
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Amount of non-exempt transactions with any party-in-interest	2016-12-31	$0
Contributions received from participants	2016-12-31	$4,438,060
Participant contributions at end of year	2016-12-31	$1,373,534
Participant contributions at beginning of year	2016-12-31	$1,642,661
Participant contributions at end of year	2016-12-31	$0
Participant contributions at beginning of year	2016-12-31	$97
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$7,950,923
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2016-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2016-12-31	$939
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2016-12-31	$0
Other income not declared elsewhere	2016-12-31	$0
Administrative expenses (other) incurred	2016-12-31	$0
Liabilities. Value of operating payables at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$15,735,880
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$60,940,314
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$45,204,434
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
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 year	2016-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2016-12-31	$0
Investment advisory and management fees	2016-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$6,784,627
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$5,113,514
Value of interest in pooled separate accounts at end of year	2016-12-31	$34,966,950
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$25,393,984
Interest on participant loans	2016-12-31	$64,245
Income. Interest from loans (other than to participants)	2016-12-31	$0
Interest earned on other investments	2016-12-31	$0
Income. Interest from US Government securities	2016-12-31	$0
Income. Interest from corporate debt instruments	2016-12-31	$0
Value of interest in common/collective trusts at end of year	2016-12-31	$5,794,704
Value of interest in common/collective trusts at beginning of year	2016-12-31	$3,883,744
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2016-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$307,915
Net investment gain/loss from pooled separate accounts	2016-12-31	$2,404,623
Net investment gain or loss from common/collective trusts	2016-12-31	$30,062
Net gain/loss from 103.12 investment entities	2016-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$12,020,499
Assets. Invements in employer securities at beginning of year	2016-12-31	$9,169,495
Contributions received in cash from employer	2016-12-31	$2,270,505
Employer contributions (assets) at end of year	2016-12-31	$0
Employer contributions (assets) at beginning of year	2016-12-31	$0
Income. Dividends from preferred stock	2016-12-31	$0
Income. Dividends from common stock	2016-12-31	$77,334
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$4,447,723
Contract administrator fees	2016-12-31	$27,735
Liabilities. Value of benefit claims payable at beginning of year	2016-12-31	$0
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Aggregate proceeds on sale of assets	2016-12-31	$2,123,968
Aggregate carrying amount (costs) on sale of assets	2016-12-31	$2,036,230
Liabilities. Value of acquisition indebtedness at beginning of year	2016-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	No
Opinion of an independent qualified public accountant for this plan	2016-12-31	Unqualified
Accountancy firm name	2016-12-31	CHERRY BEKAERT LLP
Accountancy firm EIN	2016-12-31	560574444
2015 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets	2015-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$2,895,830
Total unrealized appreciation/depreciation of assets	2015-12-31	$2,895,830
Total transfer of assets to this plan	2015-12-31	$0
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	$12,890,414
Total loss/gain on sale of assets	2015-12-31	$-108,140
Total of all expenses incurred	2015-12-31	$2,934,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$2,905,485
Expenses. Certain deemed distributions of participant loans	2015-12-31	$0
Value of total corrective distributions	2015-12-31	$1,818
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$10,245,574
Value of total assets at end of year	2015-12-31	$45,204,434
Value of total assets at beginning of year	2015-12-31	$35,248,039
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$26,716
Total income from rents	2015-12-31	$0
Total interest from all sources	2015-12-31	$59,440
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$139,165
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$71,784
Administrative expenses professional fees incurred	2015-12-31	$0
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Amount of non-exempt transactions with any party-in-interest	2015-12-31	$0
Contributions received from participants	2015-12-31	$3,823,950
Participant contributions at end of year	2015-12-31	$1,642,661
Participant contributions at beginning of year	2015-12-31	$1,104,950
Participant contributions at end of year	2015-12-31	$97
Participant contributions at beginning of year	2015-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$4,470,616
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2015-12-31	$628
Value of other receiveables (less allowance for doubtful accounts) at end of year	2015-12-31	$939
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2015-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$0
Other income not declared elsewhere	2015-12-31	$0
Administrative expenses (other) incurred	2015-12-31	$0
Liabilities. Value of operating payables at beginning of year	2015-12-31	$0
Total non interest bearing cash at end of year	2015-12-31	$0
Total non interest bearing cash at beginning of year	2015-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$9,956,395
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$45,204,434
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$35,248,039
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
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 year	2015-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2015-12-31	$0
Investment advisory and management fees	2015-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$5,113,514
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$5,903,037
Value of interest in pooled separate accounts at end of year	2015-12-31	$25,393,984
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$18,985,605
Interest on participant loans	2015-12-31	$59,440
Income. Interest from loans (other than to participants)	2015-12-31	$0
Interest earned on other investments	2015-12-31	$0
Income. Interest from US Government securities	2015-12-31	$0
Income. Interest from corporate debt instruments	2015-12-31	$0
Value of interest in common/collective trusts at end of year	2015-12-31	$3,883,744
Value of interest in common/collective trusts at beginning of year	2015-12-31	$3,580,117
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2015-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-193,665
Net investment gain/loss from pooled separate accounts	2015-12-31	$-147,673
Net investment gain or loss from common/collective trusts	2015-12-31	$-117
Net gain/loss from 103.12 investment entities	2015-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Assets. Invements in employer securities at end of year	2015-12-31	$9,169,495
Assets. Invements in employer securities at beginning of year	2015-12-31	$5,674,330
Contributions received in cash from employer	2015-12-31	$1,951,008
Employer contributions (assets) at end of year	2015-12-31	$0
Employer contributions (assets) at beginning of year	2015-12-31	$0
Income. Dividends from preferred stock	2015-12-31	$0
Income. Dividends from common stock	2015-12-31	$67,381
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$2,904,857
Contract administrator fees	2015-12-31	$26,716
Liabilities. Value of benefit claims payable at beginning of year	2015-12-31	$0
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$6,101,825
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$6,209,965
Liabilities. Value of acquisition indebtedness at beginning of year	2015-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	No
Opinion of an independent qualified public accountant for this plan	2015-12-31	Unqualified
Accountancy firm name	2015-12-31	CHERRY BEKAERT LLP
Accountancy firm EIN	2015-12-31	560574444
2014 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets	2014-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$80,266
Total unrealized appreciation/depreciation of assets	2014-12-31	$80,266
Total transfer of assets to this plan	2014-12-31	$0
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	$3,863,511
Total loss/gain on sale of assets	2014-12-31	$-1,548
Total of all expenses incurred	2014-12-31	$1,488,288
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$1,474,372
Expenses. Certain deemed distributions of participant loans	2014-12-31	$0
Value of total corrective distributions	2014-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$3,071,867
Value of total assets at end of year	2014-12-31	$35,248,039
Value of total assets at beginning of year	2014-12-31	$32,872,816
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$13,916
Total income from rents	2014-12-31	$0
Total interest from all sources	2014-12-31	$29,513
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$83,842
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$50,689
Administrative expenses professional fees incurred	2014-12-31	$0
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Amount of non-exempt transactions with any party-in-interest	2014-12-31	$0
Contributions received from participants	2014-12-31	$1,933,048
Participant contributions at end of year	2014-12-31	$1,104,950
Participant contributions at beginning of year	2014-12-31	$1,122,654
Participant contributions at end of year	2014-12-31	$0
Participant contributions at beginning of year	2014-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$557,257
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2014-12-31	$644
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$0
Other income not declared elsewhere	2014-12-31	$-3,373
Administrative expenses (other) incurred	2014-12-31	$0
Liabilities. Value of operating payables at beginning of year	2014-12-31	$0
Total non interest bearing cash at end of year	2014-12-31	$0
Total non interest bearing cash at beginning of year	2014-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$2,375,223
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$35,248,039
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$32,872,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
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 year	2014-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2014-12-31	$0
Investment advisory and management fees	2014-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$5,903,037
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$6,027,486
Value of interest in pooled separate accounts at end of year	2014-12-31	$18,985,605
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$16,856,239
Interest on participant loans	2014-12-31	$29,513
Income. Interest from loans (other than to participants)	2014-12-31	$0
Interest earned on other investments	2014-12-31	$0
Income. Interest from US Government securities	2014-12-31	$0
Income. Interest from corporate debt instruments	2014-12-31	$0
Value of interest in common/collective trusts at end of year	2014-12-31	$3,580,117
Value of interest in common/collective trusts at beginning of year	2014-12-31	$3,264,689
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2014-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$-202,895
Net investment gain/loss from pooled separate accounts	2014-12-31	$785,005
Net investment gain or loss from common/collective trusts	2014-12-31	$20,834
Net gain/loss from 103.12 investment entities	2014-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Assets. Invements in employer securities at end of year	2014-12-31	$5,674,330
Assets. Invements in employer securities at beginning of year	2014-12-31	$5,601,748
Contributions received in cash from employer	2014-12-31	$581,562
Employer contributions (assets) at end of year	2014-12-31	$0
Employer contributions (assets) at beginning of year	2014-12-31	$0
Income. Dividends from preferred stock	2014-12-31	$0
Income. Dividends from common stock	2014-12-31	$33,153
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$1,473,728
Contract administrator fees	2014-12-31	$13,916
Liabilities. Value of benefit claims payable at beginning of year	2014-12-31	$0
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$549,517
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$551,065
Liabilities. Value of acquisition indebtedness at beginning of year	2014-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	No
Opinion of an independent qualified public accountant for this plan	2014-12-31	Unqualified
Accountancy firm name	2014-12-31	CHERRY BEKHAERT
Accountancy firm EIN	2014-12-31	560574444
Unrealized appreciation/depreciation of real estate assets	2014-05-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2014-05-31	$1,804,169
Total unrealized appreciation/depreciation of assets	2014-05-31	$1,804,169
Total transfer of assets to this plan	2014-05-31	$4,779,161
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-05-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-05-31	$0
Total income from all sources (including contributions)	2014-05-31	$8,870,238
Total loss/gain on sale of assets	2014-05-31	$146,258
Total of all expenses incurred	2014-05-31	$2,302,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-05-31	$2,278,802
Expenses. Certain deemed distributions of participant loans	2014-05-31	$0
Value of total corrective distributions	2014-05-31	$7,698
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-05-31	$4,493,157
Value of total assets at end of year	2014-05-31	$32,872,816
Value of total assets at beginning of year	2014-05-31	$21,526,359
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-05-31	$16,442
Total income from rents	2014-05-31	$0
Total interest from all sources	2014-05-31	$40,519
Total dividends received (eg from common stock, registered investment company shares)	2014-05-31	$141,636
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-05-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-05-31	$77,233
Administrative expenses professional fees incurred	2014-05-31	$0
Was this plan covered by a fidelity bond	2014-05-31	Yes
Value of fidelity bond cover	2014-05-31	$10,000,000
If this is an individual account plan, was there a blackout period	2014-05-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-05-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-05-31	No
Amount of non-exempt transactions with any party-in-interest	2014-05-31	$0
Contributions received from participants	2014-05-31	$2,748,851
Participant contributions at end of year	2014-05-31	$1,122,654
Participant contributions at beginning of year	2014-05-31	$764,095
Participant contributions at end of year	2014-05-31	$0
Participant contributions at beginning of year	2014-05-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2014-05-31	$738,428
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2014-05-31	$2,448
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-05-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-05-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-05-31	$0
Other income not declared elsewhere	2014-05-31	$37
Administrative expenses (other) incurred	2014-05-31	$0
Liabilities. Value of operating payables at beginning of year	2014-05-31	$0
Total non interest bearing cash at end of year	2014-05-31	$0
Total non interest bearing cash at beginning of year	2014-05-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-05-31	No
Value of net income/loss	2014-05-31	$6,567,296
Value of net assets at end of year (total assets less liabilities)	2014-05-31	$32,872,816
Value of net assets at beginning of year (total assets less liabilities)	2014-05-31	$21,526,359
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-05-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-05-31	No
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 year	2014-05-31	$0
Were any leases to which the plan was party in default or uncollectible	2014-05-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2014-05-31	$0
Investment advisory and management fees	2014-05-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-05-31	$6,027,486
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-05-31	$6,825,117
Value of interest in pooled separate accounts at end of year	2014-05-31	$16,856,239
Value of interest in pooled separate accounts at beginning of year	2014-05-31	$8,091,608
Interest on participant loans	2014-05-31	$40,519
Income. Interest from loans (other than to participants)	2014-05-31	$0
Interest earned on other investments	2014-05-31	$0
Income. Interest from US Government securities	2014-05-31	$0
Income. Interest from corporate debt instruments	2014-05-31	$0
Value of interest in common/collective trusts at end of year	2014-05-31	$3,264,689
Value of interest in common/collective trusts at beginning of year	2014-05-31	$2,439,250
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-05-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2014-05-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-05-31	$362,387
Net investment gain/loss from pooled separate accounts	2014-05-31	$1,890,720
Net investment gain or loss from common/collective trusts	2014-05-31	$-8,645
Net gain/loss from 103.12 investment entities	2014-05-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-05-31	No
Was there a failure to transmit to the plan any participant contributions	2014-05-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-05-31	No
Assets. Invements in employer securities at end of year	2014-05-31	$5,601,748
Assets. Invements in employer securities at beginning of year	2014-05-31	$3,406,289
Contributions received in cash from employer	2014-05-31	$1,005,878
Employer contributions (assets) at end of year	2014-05-31	$0
Employer contributions (assets) at beginning of year	2014-05-31	$0
Income. Dividends from preferred stock	2014-05-31	$0
Income. Dividends from common stock	2014-05-31	$64,403
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-05-31	$2,276,354
Contract administrator fees	2014-05-31	$16,442
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2014-05-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2014-05-31	$0
Did the plan have assets held for investment	2014-05-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-05-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-05-31	No
Aggregate proceeds on sale of assets	2014-05-31	$597,632
Aggregate carrying amount (costs) on sale of assets	2014-05-31	$451,374
Liabilities. Value of acquisition indebtedness at beginning of year	2014-05-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-05-31	No
Opinion of an independent qualified public accountant for this plan	2014-05-31	Unqualified
Accountancy firm name	2014-05-31	CHERRY BEKAERT
Accountancy firm EIN	2014-05-31	560574444
2013 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-05-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2013-05-31	$897,688
Total unrealized appreciation/depreciation of assets	2013-05-31	$897,688
Total transfer of assets to this plan	2013-05-31	$868,348
Total transfer of assets from this plan	2013-05-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-05-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-05-31	$0
Total income from all sources (including contributions)	2013-05-31	$7,138,426
Total loss/gain on sale of assets	2013-05-31	$30,155
Total of all expenses incurred	2013-05-31	$486,548
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-05-31	$443,928
Expenses. Certain deemed distributions of participant loans	2013-05-31	$0
Value of total corrective distributions	2013-05-31	$31,690
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-05-31	$4,239,912
Value of total assets at end of year	2013-05-31	$21,526,359
Value of total assets at beginning of year	2013-05-31	$14,006,133
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-05-31	$10,930
Total income from rents	2013-05-31	$0
Total interest from all sources	2013-05-31	$31,106
Total dividends received (eg from common stock, registered investment company shares)	2013-05-31	$167,779
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-05-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-05-31	$106,801
Administrative expenses professional fees incurred	2013-05-31	$0
Was this plan covered by a fidelity bond	2013-05-31	Yes
Value of fidelity bond cover	2013-05-31	$10,000,000
If this is an individual account plan, was there a blackout period	2013-05-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-05-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-05-31	No
Amount of non-exempt transactions with any party-in-interest	2013-05-31	$0
Contributions received from participants	2013-05-31	$2,257,737
Participant contributions at end of year	2013-05-31	$764,095
Participant contributions at beginning of year	2013-05-31	$657,181
Participant contributions at end of year	2013-05-31	$0
Participant contributions at beginning of year	2013-05-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2013-05-31	$1,183,447
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2013-05-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-05-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-05-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-05-31	$0
Other income not declared elsewhere	2013-05-31	$188
Administrative expenses (other) incurred	2013-05-31	$489
Liabilities. Value of operating payables at beginning of year	2013-05-31	$0
Total non interest bearing cash at end of year	2013-05-31	$0
Total non interest bearing cash at beginning of year	2013-05-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-05-31	No
Value of net income/loss	2013-05-31	$6,651,878
Value of net assets at end of year (total assets less liabilities)	2013-05-31	$21,526,359
Value of net assets at beginning of year (total assets less liabilities)	2013-05-31	$14,006,133
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-05-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-05-31	No
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 year	2013-05-31	$0
Were any leases to which the plan was party in default or uncollectible	2013-05-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2013-05-31	$0
Investment advisory and management fees	2013-05-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-05-31	$6,825,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-05-31	$5,185,515
Value of interest in pooled separate accounts at end of year	2013-05-31	$8,091,608
Value of interest in pooled separate accounts at beginning of year	2013-05-31	$4,112,728
Interest on participant loans	2013-05-31	$31,106
Income. Interest from loans (other than to participants)	2013-05-31	$0
Interest earned on other investments	2013-05-31	$0
Income. Interest from US Government securities	2013-05-31	$0
Income. Interest from corporate debt instruments	2013-05-31	$0
Value of interest in common/collective trusts at end of year	2013-05-31	$2,439,250
Value of interest in common/collective trusts at beginning of year	2013-05-31	$1,779,746
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-05-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2013-05-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-05-31	$510,298
Net investment gain/loss from pooled separate accounts	2013-05-31	$1,234,270
Net investment gain or loss from common/collective trusts	2013-05-31	$27,030
Net gain/loss from 103.12 investment entities	2013-05-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-05-31	No
Was there a failure to transmit to the plan any participant contributions	2013-05-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-05-31	No
Assets. Invements in employer securities at end of year	2013-05-31	$3,406,289
Assets. Invements in employer securities at beginning of year	2013-05-31	$2,270,963
Contributions received in cash from employer	2013-05-31	$798,728
Employer contributions (assets) at end of year	2013-05-31	$0
Employer contributions (assets) at beginning of year	2013-05-31	$0
Income. Dividends from preferred stock	2013-05-31	$0
Income. Dividends from common stock	2013-05-31	$60,978
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-05-31	$443,928
Contract administrator fees	2013-05-31	$10,441
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2013-05-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2013-05-31	$0
Did the plan have assets held for investment	2013-05-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-05-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-05-31	No
Aggregate proceeds on sale of assets	2013-05-31	$447,754
Aggregate carrying amount (costs) on sale of assets	2013-05-31	$417,599
Liabilities. Value of acquisition indebtedness at beginning of year	2013-05-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-05-31	No
Opinion of an independent qualified public accountant for this plan	2013-05-31	Unqualified
Accountancy firm name	2013-05-31	CHERRY BEKAERT
Accountancy firm EIN	2013-05-31	560574444
2012 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets	2012-05-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2012-05-31	$56,480
Total unrealized appreciation/depreciation of assets	2012-05-31	$56,480
Total transfer of assets to this plan	2012-05-31	$0
Total transfer of assets from this plan	2012-05-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-05-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-05-31	$0
Expenses. Interest paid	2012-05-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2012-05-31	$0
Total income from all sources (including contributions)	2012-05-31	$3,847,678
Total loss/gain on sale of assets	2012-05-31	$0
Total of all expenses incurred	2012-05-31	$1,120,694
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-05-31	$1,113,601
Expenses. Certain deemed distributions of participant loans	2012-05-31	$0
Value of total corrective distributions	2012-05-31	$18
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-05-31	$4,092,999
Value of total assets at end of year	2012-05-31	$14,006,133
Value of total assets at beginning of year	2012-05-31	$11,279,149
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-05-31	$7,075
Total income from rents	2012-05-31	$0
Total interest from all sources	2012-05-31	$24,667
Total dividends received (eg from common stock, registered investment company shares)	2012-05-31	$159,390
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-05-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-05-31	$130,356
Administrative expenses professional fees incurred	2012-05-31	$0
Was this plan covered by a fidelity bond	2012-05-31	Yes
Value of fidelity bond cover	2012-05-31	$10,000,000
If this is an individual account plan, was there a blackout period	2012-05-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-05-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-05-31	No
Amount of non-exempt transactions with any party-in-interest	2012-05-31	$0
Contributions received from participants	2012-05-31	$1,752,558
Participant contributions at end of year	2012-05-31	$657,181
Participant contributions at beginning of year	2012-05-31	$508,315
Participant contributions at end of year	2012-05-31	$0
Participant contributions at beginning of year	2012-05-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2012-05-31	$1,697,550
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2012-05-31	$615
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-05-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-05-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2012-05-31	$0
Other income not declared elsewhere	2012-05-31	$0
Administrative expenses (other) incurred	2012-05-31	$0
Liabilities. Value of operating payables at beginning of year	2012-05-31	$0
Total non interest bearing cash at end of year	2012-05-31	$0
Total non interest bearing cash at beginning of year	2012-05-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-05-31	No
Income. Non cash contributions	2012-05-31	$0
Value of net income/loss	2012-05-31	$2,726,984
Value of net assets at end of year (total assets less liabilities)	2012-05-31	$14,006,133
Value of net assets at beginning of year (total assets less liabilities)	2012-05-31	$11,279,149
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-05-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-05-31	No
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 year	2012-05-31	$0
Were any leases to which the plan was party in default or uncollectible	2012-05-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2012-05-31	$0
Investment advisory and management fees	2012-05-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-05-31	$5,185,515
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-05-31	$7,315,812
Value of interest in pooled separate accounts at end of year	2012-05-31	$4,112,728
Value of interest in pooled separate accounts at beginning of year	2012-05-31	$0
Interest on participant loans	2012-05-31	$24,667
Income. Interest from loans (other than to participants)	2012-05-31	$0
Interest earned on other investments	2012-05-31	$0
Income. Interest from US Government securities	2012-05-31	$0
Income. Interest from corporate debt instruments	2012-05-31	$0
Value of interest in common/collective trusts at end of year	2012-05-31	$1,779,746
Value of interest in common/collective trusts at beginning of year	2012-05-31	$1,296,373
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-05-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2012-05-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-05-31	$-785,111
Net investment gain/loss from pooled separate accounts	2012-05-31	$240,293
Net investment gain or loss from common/collective trusts	2012-05-31	$58,960
Net gain/loss from 103.12 investment entities	2012-05-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-05-31	No
Was there a failure to transmit to the plan any participant contributions	2012-05-31	Yes
Has the plan failed to provide any benefit when due under the plan	2012-05-31	No
Assets. Invements in employer securities at end of year	2012-05-31	$2,270,963
Assets. Invements in employer securities at beginning of year	2012-05-31	$2,158,649
Contributions received in cash from employer	2012-05-31	$642,891
Employer contributions (assets) at end of year	2012-05-31	$0
Employer contributions (assets) at beginning of year	2012-05-31	$0
Income. Dividends from preferred stock	2012-05-31	$0
Income. Dividends from common stock	2012-05-31	$29,034
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-05-31	$1,112,986
Contract administrator fees	2012-05-31	$7,075
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-05-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2012-05-31	$0
Did the plan have assets held for investment	2012-05-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-05-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-05-31	No
Aggregate proceeds on sale of assets	2012-05-31	$0
Aggregate carrying amount (costs) on sale of assets	2012-05-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2012-05-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-05-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-05-31	Unqualified
Accountancy firm name	2012-05-31	CHERRY BEKAERT & HOLLAND
Accountancy firm EIN	2012-05-31	560574444
2011 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-05-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-05-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-05-31	$0
Total income from all sources (including contributions)	2011-05-31	$3,135,129
Total loss/gain on sale of assets	2011-05-31	$0
Total of all expenses incurred	2011-05-31	$482,449
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-05-31	$465,269
Value of total corrective distributions	2011-05-31	$13,305
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-05-31	$2,450,533
Value of total assets at end of year	2011-05-31	$11,279,149
Value of total assets at beginning of year	2011-05-31	$8,626,469
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-05-31	$3,875
Total interest from all sources	2011-05-31	$20,304
Total dividends received (eg from common stock, registered investment company shares)	2011-05-31	$96,149
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-05-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-05-31	$96,149
Was this plan covered by a fidelity bond	2011-05-31	Yes
Value of fidelity bond cover	2011-05-31	$10,000,000
If this is an individual account plan, was there a blackout period	2011-05-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-05-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-05-31	No
Contributions received from participants	2011-05-31	$1,411,244
Participant contributions at end of year	2011-05-31	$508,315
Participant contributions at beginning of year	2011-05-31	$288,060
Participant contributions at end of year	2011-05-31	$0
Participant contributions at beginning of year	2011-05-31	$45,105
Income. Received or receivable in cash from other sources (including rollovers)	2011-05-31	$492,435
Other income not declared elsewhere	2011-05-31	$-507,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-05-31	No
Value of net income/loss	2011-05-31	$2,652,680
Value of net assets at end of year (total assets less liabilities)	2011-05-31	$11,279,149
Value of net assets at beginning of year (total assets less liabilities)	2011-05-31	$8,626,469
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-05-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-05-31	No
Were any leases to which the plan was party in default or uncollectible	2011-05-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-05-31	$7,315,812
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-05-31	$4,840,049
Interest on participant loans	2011-05-31	$20,304
Value of interest in common/collective trusts at end of year	2011-05-31	$1,296,373
Value of interest in common/collective trusts at beginning of year	2011-05-31	$956,483
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-05-31	$1,057,782
Net investment gain or loss from common/collective trusts	2011-05-31	$17,936
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-05-31	No
Was there a failure to transmit to the plan any participant contributions	2011-05-31	No
Has the plan failed to provide any benefit when due under the plan	2011-05-31	No
Assets. Invements in employer securities at end of year	2011-05-31	$2,158,649
Assets. Invements in employer securities at beginning of year	2011-05-31	$2,479,714
Contributions received in cash from employer	2011-05-31	$546,854
Employer contributions (assets) at end of year	2011-05-31	$0
Employer contributions (assets) at beginning of year	2011-05-31	$17,058
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-05-31	$465,269
Contract administrator fees	2011-05-31	$3,875
Did the plan have assets held for investment	2011-05-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-05-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-05-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-05-31	No
Opinion of an independent qualified public accountant for this plan	2011-05-31	Unqualified
Accountancy firm name	2011-05-31	CHERRY, BEKEART AND HOLLAND, LLP
Accountancy firm EIN	2011-05-31	560574444
2010 : BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-05-31	$0

Form 5500 Responses for BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN

2017: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	Yes
2017-01-01	This submission is the final filing	Yes
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2014 form 5500 responses
2014-06-01	Type of plan entity	Single employer plan
2014-06-01	This submission is the final filing	No
2014-06-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-06-01	Plan is a collectively bargained plan	No
2014-06-01	Plan funding arrangement – Insurance	Yes
2014-06-01	Plan funding arrangement – Trust	Yes
2014-06-01	Plan benefit arrangement – Insurance	Yes
2014-06-01	Plan benefit arrangement - Trust	Yes
2013: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2013 form 5500 responses
2013-06-01	Type of plan entity	Single employer plan
2013-06-01	This submission is the final filing	No
2013-06-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-06-01	Plan is a collectively bargained plan	No
2013-06-01	Plan funding arrangement – Insurance	Yes
2013-06-01	Plan funding arrangement – Trust	Yes
2013-06-01	Plan benefit arrangement – Insurance	Yes
2013-06-01	Plan benefit arrangement - Trust	Yes
2012: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2012 form 5500 responses
2012-06-01	Type of plan entity	Single employer plan
2012-06-01	Submission has been amended	Yes
2012-06-01	This submission is the final filing	No
2012-06-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-06-01	Plan is a collectively bargained plan	No
2012-06-01	Plan funding arrangement – Insurance	Yes
2012-06-01	Plan funding arrangement – Trust	Yes
2012-06-01	Plan benefit arrangement – Insurance	Yes
2012-06-01	Plan benefit arrangement - Trust	Yes
2011: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2011 form 5500 responses
2011-06-01	Type of plan entity	Single employer plan
2011-06-01	Submission has been amended	Yes
2011-06-01	This submission is the final filing	No
2011-06-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-06-01	Plan is a collectively bargained plan	No
2011-06-01	Plan funding arrangement – Insurance	Yes
2011-06-01	Plan funding arrangement – Trust	Yes
2011-06-01	Plan benefit arrangement – Insurance	Yes
2011-06-01	Plan benefit arrangement - Trust	Yes
2009: BANK OF NORTH CAROLINA SAVINGS AND PROFIT SHARING PLAN 2009 form 5500 responses
2009-06-01	Type of plan entity	Single employer plan
2009-06-01	Submission has been amended	No
2009-06-01	This submission is the final filing	No
2009-06-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-06-01	Plan is a collectively bargained plan	No
2009-06-01	Plan funding arrangement – Trust	Yes
2009-06-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

526820

Policy instance

Insurance contract or identification number	526820
Number of Individuals Covered	0
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-11
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $21,072
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	10536
Additional information about fees paid to insurance broker	PRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

526820

Policy instance

Insurance contract or identification number	526820
Number of Individuals Covered	979
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $25,616
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $12,808
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

807217

Policy instance

Insurance contract or identification number	807217
Number of Individuals Covered	0
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $11,372
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	5686
Additional information about fees paid to insurance broker	PRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

807217

Policy instance

Insurance contract or identification number	807217
Number of Individuals Covered	833
Insurance policy start date	2014-06-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $20,138
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $10,069
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

807217

Policy instance

Insurance contract or identification number	807217
Number of Individuals Covered	744
Insurance policy start date	2013-06-01
Insurance policy end date	2014-05-31
Total amount of commissions paid to insurance broker	USD $26,398
Total amount of fees paid to insurance company	USD $26,713
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $13,199
Amount paid for insurance broker fees	15353
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE AND PRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

807217

Policy instance

Insurance contract or identification number	807217
Number of Individuals Covered	603
Insurance policy start date	2012-06-01
Insurance policy end date	2013-05-31
Total amount of commissions paid to insurance broker	USD $14,258
Total amount of fees paid to insurance company	USD $14,362
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $7,129
Amount paid for insurance broker fees	7181
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE AND PRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?	3
Insurance broker name	PAYNE, ROBERT I.

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

807217

Policy instance

Insurance contract or identification number	807217
Number of Individuals Covered	507
Insurance policy start date	2011-12-01
Insurance policy end date	2012-05-31
Total amount of commissions paid to insurance broker	USD $2,600
Total amount of fees paid to insurance company	USD $4,762
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	BANK OF NORTH CAROLINA
Employer identification number (EIN):	561663154
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	0296446