401k Plan data: BANK OF FLORIDA CORPORATION 401(K) PLAN plan

BANK OF FLORIDA CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	BANK OF FLORIDA CORPORATION 401(K) PLAN
Plan identification number	002

BANK OF FLORIDA CORPORATION 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BANK OF FLORIDA CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: BANK OF FLORIDA CORPORATION

Employer identification number (EIN): 593535315

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about BANK OF FLORIDA CORPORATION

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1998-09-15

Company Identification Number: P98000080697

Legal Registered Office Address: 2457 CARE DRIVE

TALLAHASSEE

32308

More information about BANK OF FLORIDA CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF FLORIDA CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2012-01-01 JOE B. COX 2013-02-25
002 2011-01-01 JOE B. COX
002 2009-01-01 SHERRY L. MLAGAN
002 2009-01-01 SHERRY L. MLAGAN

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2012-01-01	JOE B. COX	2013-02-25
002	2011-01-01	JOE B. COX
002	2009-01-01	SHERRY L. MLAGAN
002	2009-01-01	SHERRY L. MLAGAN

Plan Statistics for BANK OF FLORIDA CORPORATION 401(K) PLAN

401k plan membership statisitcs for BANK OF FLORIDA CORPORATION 401(K) PLAN

Measure Date Value
2011: BANK OF FLORIDA CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 117
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 14
Total of all active and inactive participants 2011-01-01 14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 14
Number of participants with account balances 2011-01-01 14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: BANK OF FLORIDA CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 307
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 214
Number of other retired or separated participants entitled to future benefits 2009-01-01 127
Total of all active and inactive participants 2009-01-01 341
Total participants 2009-01-01 341
Number of participants with account balances 2009-01-01 281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 20

Measure	Date	Value
2011: BANK OF FLORIDA CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	117
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	14
Total of all active and inactive participants	2011-01-01	14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	14
Number of participants with account balances	2011-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: BANK OF FLORIDA CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	307
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	214
Number of other retired or separated participants entitled to future benefits	2009-01-01	127
Total of all active and inactive participants	2009-01-01	341
Total participants	2009-01-01	341
Number of participants with account balances	2009-01-01	281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	20

Financial Data on BANK OF FLORIDA CORPORATION 401(K) PLAN

Measure	Date	Value
2011 : BANK OF FLORIDA CORPORATION 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	$1,564
Total income from all sources (including contributions)	2011-12-31	$19,881
Total of all expenses incurred	2011-12-31	$692,751
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$684,513
Value of total assets at end of year	2011-12-31	$15,069
Value of total assets at beginning of year	2011-12-31	$689,503
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$8,238
Total interest from all sources	2011-12-31	$1
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$165
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$165
Was this plan covered by a fidelity bond	2011-12-31	No
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Participant contributions at beginning of year	2011-12-31	$0
Participant contributions at end of year	2011-12-31	$0
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	$1,564
Other income not declared elsewhere	2011-12-31	$1,542
Administrative expenses (other) incurred	2011-12-31	$8,026
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	$-672,870
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$15,069
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$687,939
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	$6,635
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$675,082
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$8,434
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$14,399
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$14,399
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$18,173
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	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$0
Assets. Invements in employer securities at beginning of year	2011-12-31	$0
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$22
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$684,513
Contract administrator fees	2011-12-31	$212
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	2011-12-31	No
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	PORTER KEADLE MOORE LLP
Accountancy firm EIN	2011-12-31	581303048
2010 : BANK OF FLORIDA CORPORATION 401(K) PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets	2010-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$0
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total transfer of assets to this plan	2010-12-31	$0
Total transfer of assets from this plan	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$1,564
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$1,564
Expenses. Interest paid	2010-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$370,678
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$5,211,466
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$5,083,686
Expenses. Certain deemed distributions of participant loans	2010-12-31	$79,375
Value of total corrective distributions	2010-12-31	$5,475
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$233,639
Value of total assets at end of year	2010-12-31	$689,503
Value of total assets at beginning of year	2010-12-31	$5,530,291
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$42,930
Total income from rents	2010-12-31	$0
Total interest from all sources	2010-12-31	$9,059
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$24,759
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2010-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$24,759
Administrative expenses professional fees incurred	2010-12-31	$18,000
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$229,344
Participant contributions at end of year	2010-12-31	$0
Participant contributions at beginning of year	2010-12-31	$238,919
Participant contributions at end of year	2010-12-31	$0
Participant contributions at beginning of year	2010-12-31	$180
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$4,295
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2010-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2010-12-31	$1,564
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$1,564
Other income not declared elsewhere	2010-12-31	$-116,333
Administrative expenses (other) incurred	2010-12-31	$14,400
Liabilities. Value of operating payables at beginning of year	2010-12-31	$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	2010-12-31	No
Income. Non cash contributions	2010-12-31	$0
Value of net income/loss	2010-12-31	$-4,840,788
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$687,939
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$5,528,727
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
Investment advisory and management fees	2010-12-31	$10,530
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$675,082
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$5,099,587
Interest on participant loans	2010-12-31	$9,056
Income. Interest from loans (other than to participants)	2010-12-31	$0
Interest earned on other investments	2010-12-31	$0
Income. Interest from US Government securities	2010-12-31	$0
Income. Interest from corporate debt instruments	2010-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$14,399
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$17,027
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$17,027
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$3
Expenses. Payments to insurance carriers foe the provision of benefits	2010-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$219,554
Net investment gain/loss from pooled separate accounts	2010-12-31	$0
Net investment gain or loss from common/collective trusts	2010-12-31	$0
Net gain/loss from 103.12 investment entities	2010-12-31	$0
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	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$0
Assets. Invements in employer securities at beginning of year	2010-12-31	$174,556
Contributions received in cash from employer	2010-12-31	$0
Employer contributions (assets) at end of year	2010-12-31	$22
Employer contributions (assets) at beginning of year	2010-12-31	$22
Income. Dividends from preferred stock	2010-12-31	$0
Income. Dividends from common stock	2010-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$5,083,686
Contract administrator fees	2010-12-31	$0
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	2010-12-31	No
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
Aggregate proceeds on sale of assets	2010-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	PORTER KEADLE MOORE LLP
Accountancy firm EIN	2010-12-31	581303048
2009 : BANK OF FLORIDA CORPORATION 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

Form 5500 Responses for BANK OF FLORIDA CORPORATION 401(K) PLAN

2011: BANK OF FLORIDA CORPORATION 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: BANK OF FLORIDA CORPORATION 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BANK OF FLORIDA CORPORATION
Employer identification number (EIN):	593535315
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1998-09-15
Company Identification Number:	P98000080697
Legal Registered Office Address:	2457 CARE DRIVE TALLAHASSEE 32308