PREMIER BANK has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2011 : PREMIER BANK 401(K) PLAN 2011 401k financial data |
|---|
| 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 | $115 |
| Total income from all sources (including contributions) | 2011-12-31 | $37,588 |
| Total of all expenses incurred | 2011-12-31 | $540,992 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $538,338 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $175,713 |
| Value of total assets at end of year | 2011-12-31 | $1,944,660 |
| Value of total assets at beginning of year | 2011-12-31 | $2,448,179 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $2,654 |
| Total interest from all sources | 2011-12-31 | $3,650 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2011-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $175,713 |
| Participant contributions at end of year | 2011-12-31 | $3,853 |
| Participant contributions at beginning of year | 2011-12-31 | $0 |
| Participant contributions at end of year | 2011-12-31 | $437 |
| Participant contributions at beginning of year | 2011-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $115 |
| Administrative expenses (other) incurred | 2011-12-31 | $2,654 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-503,404 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $1,944,660 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,448,064 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $1,813,434 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $2,135,628 |
| Interest on participant loans | 2011-12-31 | $24 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $121,205 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $158,469 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $158,469 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $3,626 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-141,775 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $538,338 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $5,731 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $154,082 |
| Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
| Accountancy firm name | 2011-12-31 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2011-12-31 | 580692043 |
| 2010 : PREMIER BANK 401(K) PLAN 2010 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $115 |
| Total income from all sources (including contributions) | 2010-12-31 | $621,723 |
| Total of all expenses incurred | 2010-12-31 | $569,345 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $560,558 |
| Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $6,903 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $428,127 |
| Value of total assets at end of year | 2010-12-31 | $2,448,179 |
| Value of total assets at beginning of year | 2010-12-31 | $2,395,686 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,884 |
| Total interest from all sources | 2010-12-31 | $6,613 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $303,327 |
| Participant contributions at beginning of year | 2010-12-31 | $7,655 |
| Participant contributions at beginning of year | 2010-12-31 | $1,630 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $5,139 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $115 |
| Administrative expenses (other) incurred | 2010-12-31 | $1,884 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $52,378 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $2,448,064 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,395,686 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $2,135,628 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $2,122,194 |
| Interest on participant loans | 2010-12-31 | $210 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $158,469 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $163,996 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $163,996 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $6,403 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $186,983 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Contributions received in cash from employer | 2010-12-31 | $119,661 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $1,439 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $560,558 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $154,082 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $98,772 |
| Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2010-12-31 | 580692043 |
| 2009 : PREMIER BANK 401(K) PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
