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SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 401k Plan overview

Plan NameSOUTHERN COMMUNITY BANCSHARES, INC. ESOP
Plan identification number 001

SOUTHERN COMMUNITY BANCSHARES, INC. ESOP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

SOUTHERN COMMUNITY BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN COMMUNITY BANCSHARES, INC.
Employer identification number (EIN):631176408
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about SOUTHERN COMMUNITY BANCSHARES, INC.

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 2010-12-27
Company Identification Number: 266-040
Legal Registered Office Address: 420 SECOND AVENUE SOUTHWEST CULLMAN,


United States of America (USA)
35055

More information about SOUTHERN COMMUNITY BANCSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN COMMUNITY BANCSHARES, INC. ESOP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALLISON MALTZ2024-05-16
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01WILLIAM R. FAULK
0012017-01-01WILLIAM R. FAULK
0012016-01-01WILLIAM R. FAULK
0012015-01-01WILLIAM R. FAULK
0012014-01-01WILLIAM R. FAULK
0012013-01-01WILLIAM R. FAULK
0012012-01-01WILLIAM R. FAULK
0012011-01-01WILLIAM R. FAULK
0012010-01-01WILLIAM R. FAULK
0012009-01-01WILLIAM R. FAULK

Plan Statistics for SOUTHERN COMMUNITY BANCSHARES, INC. ESOP

401k plan membership statisitcs for SOUTHERN COMMUNITY BANCSHARES, INC. ESOP

Measure Date Value
2023: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2023 401k membership
Total participants, beginning-of-year2023-01-0114
Total number of active participants reported on line 7a of the Form 55002023-01-012
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0112
Total of all active and inactive participants2023-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0114
Number of participants with account balances2023-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2022 401k membership
Total participants, beginning-of-year2022-01-0119
Total number of active participants reported on line 7a of the Form 55002022-01-013
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-019
Total of all active and inactive participants2022-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0114
Number of participants with account balances2022-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2021 401k membership
Total participants, beginning-of-year2021-01-0115
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0111
Total of all active and inactive participants2021-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0114
Number of participants with account balances2021-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2020 401k membership
Total participants, beginning-of-year2020-01-0131
Total number of active participants reported on line 7a of the Form 55002020-01-0112
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0110
Total of all active and inactive participants2020-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0124
Number of participants with account balances2020-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2019 401k membership
Total participants, beginning-of-year2019-01-0128
Total number of active participants reported on line 7a of the Form 55002019-01-0118
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0111
Total of all active and inactive participants2019-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0131
Number of participants with account balances2019-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2018 401k membership
Total participants, beginning-of-year2018-01-0123
Total number of active participants reported on line 7a of the Form 55002018-01-0111
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-0112
Total of all active and inactive participants2018-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0124
Number of participants with account balances2018-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2017 401k membership
Total participants, beginning-of-year2017-01-0125
Total number of active participants reported on line 7a of the Form 55002017-01-0113
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0125
Number of participants with account balances2017-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2016 401k membership
Total participants, beginning-of-year2016-01-0126
Total number of active participants reported on line 7a of the Form 55002016-01-0115
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0126
Number of participants with account balances2016-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2015 401k membership
Total participants, beginning-of-year2015-01-0127
Total number of active participants reported on line 7a of the Form 55002015-01-0115
Number of retired or separated participants receiving benefits2015-01-0111
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0126
Number of participants with account balances2015-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2014 401k membership
Total participants, beginning-of-year2014-01-0126
Total number of active participants reported on line 7a of the Form 55002014-01-0115
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0110
Total of all active and inactive participants2014-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0126
Number of participants with account balances2014-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2013 401k membership
Total participants, beginning-of-year2013-01-0124
Total number of active participants reported on line 7a of the Form 55002013-01-0114
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0111
Total of all active and inactive participants2013-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0125
Number of participants with account balances2013-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2012 401k membership
Total participants, beginning-of-year2012-01-0125
Total number of active participants reported on line 7a of the Form 55002012-01-0111
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0111
Total of all active and inactive participants2012-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0122
Number of participants with account balances2012-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2011 401k membership
Total participants, beginning-of-year2011-01-0125
Total number of active participants reported on line 7a of the Form 55002011-01-0113
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0112
Total of all active and inactive participants2011-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0125
Number of participants with account balances2011-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2010 401k membership
Total participants, beginning-of-year2010-01-0125
Total number of active participants reported on line 7a of the Form 55002010-01-0116
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-019
Total of all active and inactive participants2010-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0125
Number of participants with account balances2010-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2009 401k membership
Total participants, beginning-of-year2009-01-0123
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-018
Total of all active and inactive participants2009-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0124
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTHERN COMMUNITY BANCSHARES, INC. ESOP

Measure Date Value
2023 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$-1,026,359
Expenses. Total of all expenses incurred2023-12-31$28,667
Benefits paid (including direct rollovers)2023-12-31$28,262
Total plan assets at end of year2023-12-31$2,143,614
Total plan assets at beginning of year2023-12-31$3,198,640
Value of fidelity bond covering the plan2023-12-31$2,000,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$405
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$-1,026,359
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$-1,055,026
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,143,614
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$3,198,640
Assets. Value of employer securities2023-12-31$2,005,675
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-132,370
Expenses. Total of all expenses incurred2022-12-31$31,511
Benefits paid (including direct rollovers)2022-12-31$31,511
Total plan assets at end of year2022-12-31$3,198,640
Total plan assets at beginning of year2022-12-31$3,362,521
Value of fidelity bond covering the plan2022-12-31$2,000,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-132,370
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-163,881
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,198,640
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,362,521
Assets. Value of employer securities2022-12-31$3,081,274
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$602,097
Expenses. Total of all expenses incurred2021-12-31$35,342
Benefits paid (including direct rollovers)2021-12-31$35,092
Total plan assets at end of year2021-12-31$3,362,521
Total plan assets at beginning of year2021-12-31$2,795,766
Value of fidelity bond covering the plan2021-12-31$2,000,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$602,097
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$566,755
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,362,521
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,795,766
Assets. Value of employer securities2021-12-31$3,239,450
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$250
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-353,273
Expenses. Total of all expenses incurred2020-12-31$6,519
Benefits paid (including direct rollovers)2020-12-31$6,001
Total plan assets at end of year2020-12-31$2,795,766
Total plan assets at beginning of year2020-12-31$3,155,558
Value of fidelity bond covering the plan2020-12-31$2,000,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-353,273
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-359,792
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,795,766
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,155,558
Assets. Value of employer securities2020-12-31$2,644,707
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$518
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$703,988
Expenses. Total of all expenses incurred2019-12-31$7,203
Benefits paid (including direct rollovers)2019-12-31$7,203
Total plan assets at end of year2019-12-31$3,155,558
Total plan assets at beginning of year2019-12-31$2,458,773
Value of fidelity bond covering the plan2019-12-31$2,000,000
Total contributions received or receivable from participants2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$703,988
Net income (gross income less expenses)2019-12-31$696,785
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,155,558
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,458,773
Assets. Value of employer securities2019-12-31$3,005,349
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2018 401k financial data
Total income from all sources2018-12-31$-200,567
Expenses. Total of all expenses incurred2018-12-31$792
Benefits paid (including direct rollovers)2018-12-31$792
Total plan assets at end of year2018-12-31$2,458,773
Total plan assets at beginning of year2018-12-31$2,660,132
Value of fidelity bond covering the plan2018-12-31$2,000,000
Other income received2018-12-31$-200,567
Net income (gross income less expenses)2018-12-31$-201,359
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,458,773
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,660,132
Assets. Value of employer securities2018-12-31$2,309,373
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2017 401k financial data
Total income from all sources2017-12-31$507,242
Expenses. Total of all expenses incurred2017-12-31$649
Benefits paid (including direct rollovers)2017-12-31$649
Total plan assets at end of year2017-12-31$2,660,132
Total plan assets at beginning of year2017-12-31$2,153,539
Value of fidelity bond covering the plan2017-12-31$2,000,000
Other income received2017-12-31$507,242
Net income (gross income less expenses)2017-12-31$506,593
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,660,132
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,153,539
Assets. Value of employer securities2017-12-31$2,518,166
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2016 401k financial data
Total income from all sources2016-12-31$380,675
Expenses. Total of all expenses incurred2016-12-31$540
Benefits paid (including direct rollovers)2016-12-31$540
Total plan assets at end of year2016-12-31$2,153,539
Total plan assets at beginning of year2016-12-31$1,773,404
Value of fidelity bond covering the plan2016-12-31$2,000,000
Other income received2016-12-31$380,675
Net income (gross income less expenses)2016-12-31$380,135
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,153,539
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,773,404
Assets. Value of employer securities2016-12-31$2,018,329
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2015 401k financial data
Total income from all sources2015-12-31$-68,560
Expenses. Total of all expenses incurred2015-12-31$572
Benefits paid (including direct rollovers)2015-12-31$572
Total plan assets at end of year2015-12-31$1,773,404
Total plan assets at beginning of year2015-12-31$1,842,536
Value of fidelity bond covering the plan2015-12-31$2,000,000
Other income received2015-12-31$-68,560
Net income (gross income less expenses)2015-12-31$-69,132
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,773,404
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,842,536
Assets. Value of employer securities2015-12-31$1,645,033
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2014 401k financial data
Total income from all sources2014-12-31$-34,006
Expenses. Total of all expenses incurred2014-12-31$596
Benefits paid (including direct rollovers)2014-12-31$596
Total plan assets at end of year2014-12-31$1,842,536
Total plan assets at beginning of year2014-12-31$1,877,138
Value of fidelity bond covering the plan2014-12-31$2,000,000
Other income received2014-12-31$-34,006
Net income (gross income less expenses)2014-12-31$-34,602
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,842,536
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,877,138
Assets. Value of employer securities2014-12-31$1,720,958
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2013 401k financial data
Total income from all sources2013-12-31$348,791
Expenses. Total of all expenses incurred2013-12-31$533
Benefits paid (including direct rollovers)2013-12-31$533
Total plan assets at end of year2013-12-31$1,877,138
Total plan assets at beginning of year2013-12-31$1,528,880
Value of fidelity bond covering the plan2013-12-31$2,000,000
Other income received2013-12-31$348,791
Net income (gross income less expenses)2013-12-31$348,258
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,877,138
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,528,880
Assets. Value of employer securities2013-12-31$1,738,744
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2012 401k financial data
Total income from all sources2012-12-31$224,665
Expenses. Total of all expenses incurred2012-12-31$17,988
Benefits paid (including direct rollovers)2012-12-31$17,988
Total plan assets at end of year2012-12-31$1,528,880
Total plan assets at beginning of year2012-12-31$1,322,203
Value of fidelity bond covering the plan2012-12-31$3,000,000
Other income received2012-12-31$224,665
Net income (gross income less expenses)2012-12-31$206,677
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,528,880
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,322,203
Assets. Value of employer securities2012-12-31$1,397,205
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2011 401k financial data
Total income from all sources2011-12-31$79,644
Expenses. Total of all expenses incurred2011-12-31$52,096
Benefits paid (including direct rollovers)2011-12-31$52,096
Total plan assets at end of year2011-12-31$1,322,203
Total plan assets at beginning of year2011-12-31$1,294,655
Value of fidelity bond covering the plan2011-12-31$3,000,000
Contributions received from other sources (not participants or employers)2011-12-31$63
Other income received2011-12-31$72,662
Net income (gross income less expenses)2011-12-31$27,548
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,322,203
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,294,655
Assets. Value of employer securities2011-12-31$1,195,442
Total contributions received or receivable from employer(s)2011-12-31$6,919
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SOUTHERN COMMUNITY BANCSHARES, INC. ESOP 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$160,805
Expenses. Total of all expenses incurred2010-12-31$15,753
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$1,294,655
Total plan assets at beginning of year2010-12-31$1,149,603
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$15,753
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$160,805
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$145,052
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,294,655
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,149,603
Assets. Value of employer securities2010-12-31$1,202,330
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for SOUTHERN COMMUNITY BANCSHARES, INC. ESOP

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

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