401k Plan data: SOUTH CENTRAL BANCSHARES 401(K) PLAN plan

SOUTH CENTRAL BANCSHARES 401(K) PLAN 401k Plan overview

Plan Name	SOUTH CENTRAL BANCSHARES 401(K) PLAN
Plan identification number	001

SOUTH CENTRAL BANCSHARES 401(K) 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOUTH CENTRAL BANK, INC. has sponsored the creation of one or more 401k plans.

Company Name: SOUTH CENTRAL BANK, INC.

Employer identification number (EIN): 610126170

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH CENTRAL BANCSHARES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 GINA STEBBINS
001 2016-01-01 GINA STEBBINS
001 2015-01-01 GINA STEBBINS

Plan Statistics for SOUTH CENTRAL BANCSHARES 401(K) PLAN

401k plan membership statisitcs for SOUTH CENTRAL BANCSHARES 401(K) PLAN

Measure Date Value
2023: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 301
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 260
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 44
Total of all active and inactive participants 2023-01-01 304
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 304
Number of participants with account balances 2023-01-01 270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 2
2022: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 293
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 251
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 50
Total of all active and inactive participants 2022-01-01 301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 301
Number of participants with account balances 2022-01-01 273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 10
2021: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 294
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 256
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 37
Total of all active and inactive participants 2021-01-01 293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 293
Number of participants with account balances 2021-01-01 269
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2
2020: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 284
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 261
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 33
Total of all active and inactive participants 2020-01-01 294
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 294
Number of participants with account balances 2020-01-01 263
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 4
2019: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 288
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 255
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 29
Total of all active and inactive participants 2019-01-01 284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 284
Number of participants with account balances 2019-01-01 255
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4
2018: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 293
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 255
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 33
Total of all active and inactive participants 2018-01-01 288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 288
Number of participants with account balances 2018-01-01 257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 3
2017: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 266
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 249
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 44
Total of all active and inactive participants 2017-01-01 293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 293
Number of participants with account balances 2017-01-01 260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 9
2016: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 241
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 234
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 32
Total of all active and inactive participants 2016-01-01 266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 266
Number of participants with account balances 2016-01-01 237
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 3
2015: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 277
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 219
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 22
Total of all active and inactive participants 2015-01-01 241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 241
Number of participants with account balances 2015-01-01 211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 8

Measure	Date	Value
2023: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	301
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	260
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	44
Total of all active and inactive participants	2023-01-01	304
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	304
Number of participants with account balances	2023-01-01	270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	2
2022: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	293
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	251
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	50
Total of all active and inactive participants	2022-01-01	301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	301
Number of participants with account balances	2022-01-01	273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	10
2021: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	294
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	256
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	37
Total of all active and inactive participants	2021-01-01	293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	293
Number of participants with account balances	2021-01-01	269
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2
2020: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	284
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	261
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	33
Total of all active and inactive participants	2020-01-01	294
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	294
Number of participants with account balances	2020-01-01	263
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	4
2019: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	288
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	255
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	29
Total of all active and inactive participants	2019-01-01	284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	284
Number of participants with account balances	2019-01-01	255
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4
2018: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	293
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	255
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	33
Total of all active and inactive participants	2018-01-01	288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	288
Number of participants with account balances	2018-01-01	257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	3
2017: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	266
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	249
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	44
Total of all active and inactive participants	2017-01-01	293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	293
Number of participants with account balances	2017-01-01	260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	9
2016: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	241
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	234
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	32
Total of all active and inactive participants	2016-01-01	266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	266
Number of participants with account balances	2016-01-01	237
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	3
2015: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	277
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	219
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	22
Total of all active and inactive participants	2015-01-01	241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	241
Number of participants with account balances	2015-01-01	211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	8

Financial Data on SOUTH CENTRAL BANCSHARES 401(K) PLAN

Measure	Date	Value
2023 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$4,049,661
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$3,043,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$3,032,818
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,691,033
Value of total assets at end of year	2023-12-31	$16,429,041
Value of total assets at beginning of year	2023-12-31	$15,422,506
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$10,308
Total interest from all sources	2023-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$595,231
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$595,231
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,025,325
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$232,003
Administrative expenses (other) incurred	2023-12-31	$6,416
Total non interest bearing cash at end of year	2023-12-31	$2,320
Total non interest bearing cash at beginning of year	2023-12-31	$1,130
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$1,006,535
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$16,429,041
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$15,422,506
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$3,892
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$15,431,936
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$13,716,204
Value of interest in common/collective trusts at end of year	2023-12-31	$994,785
Value of interest in common/collective trusts at beginning of year	2023-12-31	$1,705,172
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,732,516
Net investment gain or loss from common/collective trusts	2023-12-31	$30,881
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$433,705
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$3,032,818
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	2023-12-31	Yes
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2023-12-31	570381582
2022 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-1,588,666
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$2,529,320
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$2,518,607
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,625,806
Value of total assets at end of year	2022-12-31	$15,422,506
Value of total assets at beginning of year	2022-12-31	$19,540,492
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$10,713
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$198,070
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$198,070
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,044,700
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$124,831
Total non interest bearing cash at end of year	2022-12-31	$1,130
Total non interest bearing cash at beginning of year	2022-12-31	$1,165
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-4,117,986
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$15,422,506
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$19,540,492
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$4,138
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$13,716,204
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$17,878,104
Value of interest in common/collective trusts at end of year	2022-12-31	$1,705,172
Value of interest in common/collective trusts at beginning of year	2022-12-31	$1,661,223
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-3,439,148
Net investment gain or loss from common/collective trusts	2022-12-31	$26,606
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$456,275
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$2,518,607
Contract administrator fees	2022-12-31	$6,575
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	2022-12-31	Yes
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2022-12-31	570381582
2021 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$3,855,763
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$1,205,599
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,189,929
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,552,264
Value of total assets at end of year	2021-12-31	$19,540,492
Value of total assets at beginning of year	2021-12-31	$16,890,328
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$15,670
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,120,001
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$1,120,001
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,041,625
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$52,470
Total non interest bearing cash at end of year	2021-12-31	$1,165
Total non interest bearing cash at beginning of year	2021-12-31	$750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$2,650,164
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$19,540,492
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$16,890,328
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$10,622
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$17,878,104
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$14,677,790
Value of interest in common/collective trusts at end of year	2021-12-31	$1,661,223
Value of interest in common/collective trusts at beginning of year	2021-12-31	$2,211,788
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,156,661
Net investment gain or loss from common/collective trusts	2021-12-31	$26,837
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$458,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,189,929
Contract administrator fees	2021-12-31	$5,048
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2021-12-31	570381582
2020 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$3,462,200
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$898,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$888,360
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,389,877
Value of total assets at end of year	2020-12-31	$16,890,328
Value of total assets at beginning of year	2020-12-31	$14,326,894
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$10,406
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$475,265
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$475,265
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$930,753
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$36,025
Total non interest bearing cash at end of year	2020-12-31	$750
Total non interest bearing cash at beginning of year	2020-12-31	$41,713
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$2,563,434
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$16,890,328
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$14,326,894
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$6,101
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$14,677,790
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$13,488,256
Value of interest in common/collective trusts at end of year	2020-12-31	$2,211,788
Value of interest in common/collective trusts at beginning of year	2020-12-31	$796,925
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,575,927
Net investment gain or loss from common/collective trusts	2020-12-31	$21,131
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$423,099
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$888,360
Contract administrator fees	2020-12-31	$4,305
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	2020-12-31	Yes
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2020-12-31	570381582
2019 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$3,939,341
Total income from all sources (including contributions)	2019-12-31	$3,939,341
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$664,097
Total of all expenses incurred	2019-12-31	$664,097
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$617,982
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$617,982
Value of total corrective distributions	2019-12-31	$35,238
Value of total corrective distributions	2019-12-31	$35,238
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,252,965
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,252,965
Value of total assets at end of year	2019-12-31	$14,326,894
Value of total assets at end of year	2019-12-31	$14,326,894
Value of total assets at beginning of year	2019-12-31	$11,051,650
Value of total assets at beginning of year	2019-12-31	$11,051,650
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$10,877
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$10,877
Total interest from all sources	2019-12-31	$0
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$479,158
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$479,158
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$479,158
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$479,158
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$857,062
Contributions received from participants	2019-12-31	$857,062
Total non interest bearing cash at end of year	2019-12-31	$41,713
Total non interest bearing cash at end of year	2019-12-31	$41,713
Total non interest bearing cash at beginning of year	2019-12-31	$1,709
Total non interest bearing cash at beginning of year	2019-12-31	$1,709
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$3,275,244
Value of net income/loss	2019-12-31	$3,275,244
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$14,326,894
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$14,326,894
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$11,051,650
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$11,051,650
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$5,115
Investment advisory and management fees	2019-12-31	$5,115
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$13,488,256
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$13,488,256
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$10,379,261
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$10,379,261
Value of interest in common/collective trusts at end of year	2019-12-31	$796,925
Value of interest in common/collective trusts at end of year	2019-12-31	$796,925
Value of interest in common/collective trusts at beginning of year	2019-12-31	$670,680
Value of interest in common/collective trusts at beginning of year	2019-12-31	$670,680
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,192,586
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,192,586
Net investment gain or loss from common/collective trusts	2019-12-31	$14,632
Net investment gain or loss from common/collective trusts	2019-12-31	$14,632
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$395,903
Contributions received in cash from employer	2019-12-31	$395,903
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$617,982
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$617,982
Contract administrator fees	2019-12-31	$5,762
Contract administrator fees	2019-12-31	$5,762
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	2019-12-31	Yes
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	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	ELLIOTT DAVIS
Accountancy firm name	2019-12-31	ELLIOTT DAVIS
Accountancy firm EIN	2019-12-31	570381582
Accountancy firm EIN	2019-12-31	570381582
2018 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$519,426
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$1,028,018
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$1,017,122
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,156,223
Value of total assets at end of year	2018-12-31	$11,051,650
Value of total assets at beginning of year	2018-12-31	$11,560,242
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$10,896
Total interest from all sources	2018-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$647,664
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$647,664
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$732,361
Total non interest bearing cash at end of year	2018-12-31	$1,709
Total non interest bearing cash at beginning of year	2018-12-31	$1,426
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-508,592
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$11,051,650
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$11,560,242
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Investment advisory and management fees	2018-12-31	$5,642
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$10,379,261
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$11,029,824
Value of interest in common/collective trusts at end of year	2018-12-31	$670,680
Value of interest in common/collective trusts at beginning of year	2018-12-31	$528,992
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-1,294,931
Net investment gain or loss from common/collective trusts	2018-12-31	$10,470
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$423,862
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$1,017,122
Contract administrator fees	2018-12-31	$5,254
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	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	CROWE LLP
Accountancy firm EIN	2018-12-31	350921680
2017 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$3,421,390
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$991,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$958,413
Value of total corrective distributions	2017-12-31	$18,183
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,720,943
Value of total assets at end of year	2017-12-31	$11,560,242
Value of total assets at beginning of year	2017-12-31	$9,130,434
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$14,986
Total interest from all sources	2017-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$423,467
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$423,467
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$769,721
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$277,289
Total non interest bearing cash at end of year	2017-12-31	$1,426
Total non interest bearing cash at beginning of year	2017-12-31	$31,353
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$2,429,808
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$11,560,242
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$9,130,434
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Investment advisory and management fees	2017-12-31	$10,087
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$11,029,824
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$8,477,381
Value of interest in common/collective trusts at end of year	2017-12-31	$528,992
Value of interest in common/collective trusts at beginning of year	2017-12-31	$621,700
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$1,269,153
Net investment gain or loss from common/collective trusts	2017-12-31	$7,827
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$673,933
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$958,413
Contract administrator fees	2017-12-31	$4,899
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	CROWE LLP
Accountancy firm EIN	2017-12-31	350921680
2016 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	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	$1,941,703
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$1,253,069
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,204,205
Value of total corrective distributions	2016-12-31	$37,225
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$1,259,963
Value of total assets at end of year	2016-12-31	$9,130,434
Value of total assets at beginning of year	2016-12-31	$8,441,800
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$11,639
Total interest from all sources	2016-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$222,977
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	$222,977
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
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
Contributions received from participants	2016-12-31	$687,878
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$286,394
Total non interest bearing cash at end of year	2016-12-31	$31,353
Total non interest bearing cash at beginning of year	2016-12-31	$24,550
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	$688,634
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$9,130,434
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$8,441,800
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
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Investment advisory and management fees	2016-12-31	$6,008
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$8,477,381
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$7,797,197
Value of interest in common/collective trusts at end of year	2016-12-31	$621,700
Value of interest in common/collective trusts at beginning of year	2016-12-31	$620,053
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$450,989
Net investment gain or loss from common/collective trusts	2016-12-31	$7,774
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	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$285,691
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,204,205
Contract administrator fees	2016-12-31	$5,631
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	CROWE HORWATH LLP
Accountancy firm EIN	2016-12-31	350921680
2015 : SOUTH CENTRAL BANCSHARES 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	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	$987,439
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$1,943,974
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$1,916,046
Value of total corrective distributions	2015-12-31	$10,836
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$986,238
Value of total assets at end of year	2015-12-31	$8,441,800
Value of total assets at beginning of year	2015-12-31	$9,398,335
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$17,092
Total interest from all sources	2015-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$496,177
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	$496,177
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
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
Contributions received from participants	2015-12-31	$696,297
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$262
Total non interest bearing cash at end of year	2015-12-31	$24,550
Total non interest bearing cash at beginning of year	2015-12-31	$1,805
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	$-956,535
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$8,441,800
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$9,398,335
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
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$9,412
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$7,797,197
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$8,547,213
Value of interest in common/collective trusts at end of year	2015-12-31	$620,053
Value of interest in common/collective trusts at beginning of year	2015-12-31	$849,317
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-502,727
Net investment gain or loss from common/collective trusts	2015-12-31	$7,751
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	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$289,679
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$1,916,046
Contract administrator fees	2015-12-31	$7,680
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	CROWE HORWATH LLP
Accountancy firm EIN	2015-12-31	350921680

Form 5500 Responses for SOUTH CENTRAL BANCSHARES 401(K) PLAN

2023: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SOUTH CENTRAL BANCSHARES 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Mulitple employer plan
2015-01-01	Submission has been amended	No
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 – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SOUTH CENTRAL BANK, INC.
Employer identification number (EIN):	610126170
NAIC Classification:	522110
NAIC Description:	Commercial Banking