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THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTHE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (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

THE FIRST, A NATIONAL BANKING ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST, A NATIONAL BANKING ASSOCIATION
Employer identification number (EIN):640862173
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DEE DEE LOWERY2024-10-03 DEE DEE LOWERY2024-10-03
0022022-01-01
0022021-01-01
0022021-01-01
0022020-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01DONNA LOWERY DONNA LOWERY2018-10-11
0022016-01-01DONNA LOWERY DONNA LOWERY2017-10-13
0022015-01-01DEE DEE LOWERY DEE DEE LOWERY2016-10-12
0022014-01-01DEE DEE LOWERY DEE DEE LOWERY2015-09-25
0022013-01-01DEE DEE LOWERY DEE DEE LOWERY2014-10-10
0022012-01-01DEE DEE LOWERY DEE DEE LOWERY2013-10-09
0022011-01-01DEE DEE LOWERY DEE DEE LOWERY2012-10-08
0022009-01-01DEE DEE LOWERY DEE DEE LOWERY2010-10-13

Plan Statistics for THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,108
Total number of active participants reported on line 7a of the Form 55002023-01-01872
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01216
Total of all active and inactive participants2023-01-011,088
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-011,088
Number of participants with account balances2023-01-01674
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01804
Total number of active participants reported on line 7a of the Form 55002022-01-01690
Number of other retired or separated participants entitled to future benefits2022-01-01162
Total of all active and inactive participants2022-01-01852
Total participants2022-01-01852
Number of participants with account balances2022-01-01674
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0154
2021: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01800
Total number of active participants reported on line 7a of the Form 55002021-01-01642
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0172
Total of all active and inactive participants2021-01-01714
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01714
Number of participants with account balances2021-01-01671
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0114
2020: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01661
Total number of active participants reported on line 7a of the Form 55002020-01-01556
Number of other retired or separated participants entitled to future benefits2020-01-0146
Total of all active and inactive participants2020-01-01602
Total participants2020-01-01602
Number of participants with account balances2020-01-01528
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0111
2019: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01661
Total number of active participants reported on line 7a of the Form 55002019-01-01556
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0146
Total of all active and inactive participants2019-01-01602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01602
Number of participants with account balances2019-01-01528
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0111
2018: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01544
Total number of active participants reported on line 7a of the Form 55002018-01-01496
Number of other retired or separated participants entitled to future benefits2018-01-0151
Total of all active and inactive participants2018-01-01547
Total participants2018-01-01547
Number of participants with account balances2018-01-01341
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0124
2017: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01376
Total number of active participants reported on line 7a of the Form 55002017-01-01349
Number of other retired or separated participants entitled to future benefits2017-01-0130
Total of all active and inactive participants2017-01-01379
Total participants2017-01-01379
Number of participants with account balances2017-01-01370
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-018
2016: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01263
Total number of active participants reported on line 7a of the Form 55002016-01-01249
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-01258
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01258
Number of participants with account balances2016-01-01255
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0113
2015: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01252
Total number of active participants reported on line 7a of the Form 55002015-01-01225
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0115
Total of all active and inactive participants2015-01-01240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01240
Number of participants with account balances2015-01-01233
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0129
2014: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01228
Total number of active participants reported on line 7a of the Form 55002014-01-01231
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-016
Total of all active and inactive participants2014-01-01237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01237
Number of participants with account balances2014-01-01236
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0114
2013: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01184
Total number of active participants reported on line 7a of the Form 55002013-01-01211
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-019
Total of all active and inactive participants2013-01-01220
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01220
Number of participants with account balances2013-01-01217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0110
2012: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01188
Total number of active participants reported on line 7a of the Form 55002012-01-01179
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-01183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01183
Number of participants with account balances2012-01-01183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-019
2011: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01140
Total number of active participants reported on line 7a of the Form 55002011-01-01179
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-01181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-01183
Number of participants with account balances2011-01-01181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2009: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01148
Total number of active participants reported on line 7a of the Form 55002009-01-01134
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01136
Number of participants with account balances2009-01-01131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0115

Financial Data on THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-15,915
Total unrealized appreciation/depreciation of assets2023-12-31$-15,915
Total income from all sources (including contributions)2023-12-31$-1,145
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$18,463
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$18,463
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$9,615
Value of total assets at end of year2023-12-31$174,455
Value of total assets at beginning of year2023-12-31$194,063
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total income from rents2023-12-31$0
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$5,155
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$7,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$9,615
Administrative expenses (other) incurred2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-19,608
Value of net assets at end of year (total assets less liabilities)2023-12-31$174,455
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$194,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$6,453
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$10,710
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$10,710
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$168,002
Assets. Invements in employer securities at beginning of year2023-12-31$183,353
Income. Dividends from common stock2023-12-31$5,155
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$18,463
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PLITZ, WILLIAMS, LAROSA AND CO.
Accountancy firm EIN2023-12-31640767134
2022 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$-37,850
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$0
Total unrealized appreciation/depreciation of assets2022-12-31$-37,850
Total income from all sources (including contributions)2022-12-31$-34,361
Value of total assets at end of year2022-12-31$194,063
Value of total assets at beginning of year2022-12-31$228,424
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$3,489
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$7,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-34,361
Value of net assets at end of year (total assets less liabilities)2022-12-31$194,063
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$228,424
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$10,710
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$7,221
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$7,221
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$183,353
Assets. Invements in employer securities at beginning of year2022-12-31$221,203
Income. Dividends from common stock2022-12-31$3,489
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2022-12-31640575804
2021 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$44,322
Total unrealized appreciation/depreciation of assets2021-12-31$44,322
Total income from all sources (including contributions)2021-12-31$69,562
Total of all expenses incurred2021-12-31$22,345
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$22,345
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$22,000
Value of total assets at end of year2021-12-31$228,424
Value of total assets at beginning of year2021-12-31$181,207
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$3,240
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$7,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$47,217
Value of net assets at end of year (total assets less liabilities)2021-12-31$228,424
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$181,207
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$7,221
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$4,327
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$4,327
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$221,203
Assets. Invements in employer securities at beginning of year2021-12-31$176,880
Contributions received in cash from employer2021-12-31$22,000
Income. Dividends from common stock2021-12-31$3,240
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$22,345
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2021-12-31640575804
2020 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Value of total assets at end of year2020-12-31$206,027
Value of total assets at beginning of year2020-12-31$206,027
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$7,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net assets at end of year (total assets less liabilities)2020-12-31$206,027
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$206,027
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$2,568
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$2,568
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$2,568
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$203,459
Assets. Invements in employer securities at beginning of year2020-12-31$203,459
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2020-12-31640575804
2019 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$30,186
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$30,186
Total unrealized appreciation/depreciation of assets2019-12-31$30,186
Total unrealized appreciation/depreciation of assets2019-12-31$30,186
Total income from all sources (including contributions)2019-12-31$47,590
Total income from all sources (including contributions)2019-12-31$47,590
Total of all expenses incurred2019-12-31$16,151
Total of all expenses incurred2019-12-31$16,151
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$16,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$16,088
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$16,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$16,000
Value of total assets at end of year2019-12-31$206,027
Value of total assets at end of year2019-12-31$206,027
Value of total assets at beginning of year2019-12-31$174,588
Value of total assets at beginning of year2019-12-31$174,588
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$63
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$63
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$7,000,000
Value of fidelity bond cover2019-12-31$7,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Administrative expenses (other) incurred2019-12-31$63
Administrative expenses (other) incurred2019-12-31$63
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$31,439
Value of net income/loss2019-12-31$31,439
Value of net assets at end of year (total assets less liabilities)2019-12-31$206,027
Value of net assets at end of year (total assets less liabilities)2019-12-31$206,027
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$174,588
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$174,588
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$2,568
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$2,568
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,315
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,315
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$203,459
Assets. Invements in employer securities at end of year2019-12-31$203,459
Assets. Invements in employer securities at beginning of year2019-12-31$173,273
Assets. Invements in employer securities at beginning of year2019-12-31$173,273
Contributions received in cash from employer2019-12-31$16,000
Contributions received in cash from employer2019-12-31$16,000
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$1,404
Income. Dividends from common stock2019-12-31$1,404
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$16,088
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$16,088
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31T.E. LOTT & COMPANY
Accountancy firm name2019-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2019-12-31640575804
Accountancy firm EIN2019-12-31640575804
2018 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-22,625
Total unrealized appreciation/depreciation of assets2018-12-31$-22,625
Total income from all sources (including contributions)2018-12-31$-21,478
Total of all expenses incurred2018-12-31$8
Value of total assets at end of year2018-12-31$174,588
Value of total assets at beginning of year2018-12-31$196,074
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$8
Total interest from all sources2018-12-31$1
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,146
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$7,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Administrative expenses (other) incurred2018-12-31$8
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-21,486
Value of net assets at end of year (total assets less liabilities)2018-12-31$174,588
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$196,074
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$1,315
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$176
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$176
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$1
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$173,273
Assets. Invements in employer securities at beginning of year2018-12-31$195,898
Income. Dividends from common stock2018-12-31$1,146
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2018-12-31640575804
2017 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$38,741
Total unrealized appreciation/depreciation of assets2017-12-31$38,741
Total income from all sources (including contributions)2017-12-31$43,107
Total of all expenses incurred2017-12-31$6,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$6,668
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$3,500
Value of total assets at end of year2017-12-31$196,074
Value of total assets at beginning of year2017-12-31$159,700
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$65
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$866
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$65
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$7,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$36,374
Value of net assets at end of year (total assets less liabilities)2017-12-31$196,074
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$159,700
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$176
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$1,073
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$1,073
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$195,898
Assets. Invements in employer securities at beginning of year2017-12-31$158,627
Contributions received in cash from employer2017-12-31$3,500
Income. Dividends from common stock2017-12-31$866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$6,668
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2017-12-31640575804
2016 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$53,987
Total unrealized appreciation/depreciation of assets2016-12-31$53,987
Total income from all sources (including contributions)2016-12-31$58,055
Total of all expenses incurred2016-12-31$7,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$7,701
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,000
Value of total assets at end of year2016-12-31$159,700
Value of total assets at beginning of year2016-12-31$109,411
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$65
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,068
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$65
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$7,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$50,289
Value of net assets at end of year (total assets less liabilities)2016-12-31$159,700
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$109,411
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$1,073
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$1,168
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$1,168
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$158,627
Assets. Invements in employer securities at beginning of year2016-12-31$108,243
Contributions received in cash from employer2016-12-31$3,000
Income. Dividends from common stock2016-12-31$1,068
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$7,701
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2016-12-31640575804
2015 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets2015-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$13,371
Total unrealized appreciation/depreciation of assets2015-12-31$13,371
Total income from all sources (including contributions)2015-12-31$21,484
Total of all expenses incurred2015-12-31$8,734
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$8,613
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$7,400
Value of total assets at end of year2015-12-31$109,411
Value of total assets at beginning of year2015-12-31$96,661
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$121
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$713
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$121
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$7,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$12,750
Value of net assets at end of year (total assets less liabilities)2015-12-31$109,411
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$96,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$1,168
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$560
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$560
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$108,243
Assets. Invements in employer securities at beginning of year2015-12-31$96,101
Contributions received in cash from employer2015-12-31$7,400
Income. Dividends from common stock2015-12-31$713
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$8,613
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2015-12-31640575804
2014 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$7,908
Total unrealized appreciation/depreciation of assets2014-12-31$7,908
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$16,574
Total loss/gain on sale of assets2014-12-31$163
Total of all expenses incurred2014-12-31$9,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$9,126
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$7,600
Value of total assets at end of year2014-12-31$96,661
Value of total assets at beginning of year2014-12-31$89,213
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$903
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$7,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$7,448
Value of net assets at end of year (total assets less liabilities)2014-12-31$96,661
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$89,213
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$560
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$433
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$433
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$96,101
Assets. Invements in employer securities at beginning of year2014-12-31$88,780
Contributions received in cash from employer2014-12-31$7,600
Income. Dividends from common stock2014-12-31$903
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$9,126
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$9,084
Aggregate carrying amount (costs) on sale of assets2014-12-31$8,921
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31T. E. LOTT & COMPANY
Accountancy firm EIN2014-12-31640575804
2013 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$9,793
Total unrealized appreciation/depreciation of assets2013-12-31$9,793
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$17,769
Total loss/gain on sale of assets2013-12-31$770
Total of all expenses incurred2013-12-31$7,367
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$7,302
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$6,235
Value of total assets at end of year2013-12-31$89,213
Value of total assets at beginning of year2013-12-31$78,811
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$65
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$906
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$65
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$7,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$443
Other income not declared elsewhere2013-12-31$65
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$10,402
Value of net assets at end of year (total assets less liabilities)2013-12-31$89,213
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$78,811
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$433
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$-126
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$-126
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$88,780
Assets. Invements in employer securities at beginning of year2013-12-31$78,494
Contributions received in cash from employer2013-12-31$6,235
Income. Dividends from common stock2013-12-31$906
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$7,302
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$7,266
Aggregate carrying amount (costs) on sale of assets2013-12-31$6,496
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31T. E. LOTT & COMPANY
Accountancy firm EIN2013-12-31640575804
2012 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$7,281
Total unrealized appreciation/depreciation of assets2012-12-31$7,281
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$10,040
Total loss/gain on sale of assets2012-12-31$-1,247
Total of all expenses incurred2012-12-31$5,178
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,035
Value of total assets at end of year2012-12-31$78,811
Value of total assets at beginning of year2012-12-31$73,949
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$65
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$906
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$65
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$7,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$443
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$443
Other income not declared elsewhere2012-12-31$65
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$4,862
Value of net assets at end of year (total assets less liabilities)2012-12-31$78,811
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$73,949
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$-126
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,026
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,026
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$78,494
Assets. Invements in employer securities at beginning of year2012-12-31$72,480
Contributions received in cash from employer2012-12-31$3,035
Income. Dividends from common stock2012-12-31$906
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,113
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$4,982
Aggregate carrying amount (costs) on sale of assets2012-12-31$6,229
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31T. E. LOTT & COMPANY
Accountancy firm EIN2012-12-31640575804
2011 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$6,474
Total unrealized appreciation/depreciation of assets2011-12-31$6,474
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$10,849
Total loss/gain on sale of assets2011-12-31$-546
Total of all expenses incurred2011-12-31$4,940
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,890
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$3,950
Value of total assets at end of year2011-12-31$73,949
Value of total assets at beginning of year2011-12-31$68,040
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$50
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$921
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$50
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$7,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$443
Other income not declared elsewhere2011-12-31$50
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$5,909
Value of net assets at end of year (total assets less liabilities)2011-12-31$73,949
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$68,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,026
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$478
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$478
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$72,480
Assets. Invements in employer securities at beginning of year2011-12-31$67,562
Contributions received in cash from employer2011-12-31$3,950
Income. Dividends from common stock2011-12-31$921
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,890
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$4,858
Aggregate carrying amount (costs) on sale of assets2011-12-31$5,404
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2011-12-31640575804
2010 : THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$6,260
Total unrealized appreciation/depreciation of assets2010-12-31$6,260
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$10,415
Total loss/gain on sale of assets2010-12-31$-338
Total of all expenses incurred2010-12-31$8,652
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$8,617
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,465
Value of total assets at end of year2010-12-31$68,040
Value of total assets at beginning of year2010-12-31$66,277
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$35
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$993
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$35
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$7,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Other income not declared elsewhere2010-12-31$35
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,763
Value of net assets at end of year (total assets less liabilities)2010-12-31$68,040
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$66,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$478
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$77
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$77
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$67,562
Assets. Invements in employer securities at beginning of year2010-12-31$66,200
Contributions received in cash from employer2010-12-31$3,465
Income. Dividends from common stock2010-12-31$993
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$8,617
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$8,611
Aggregate carrying amount (costs) on sale of assets2010-12-31$8,949
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31T. E. LOTT & COMPANY
Accountancy firm EIN2010-12-31640575804

Form 5500 Responses for THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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
2009: THE FIRST BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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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