401k Plan data: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN plan

FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	FARMERS STATE BANK 401(K) PROFIT SHARING PLAN
Plan identification number	001

FARMERS STATE BANK 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FARMERS STATE BANK has sponsored the creation of one or more 401k plans.

Company Name: FARMERS STATE BANK

Employer identification number (EIN): 740619630

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 WYNN FLOYD 2013-11-14 WYNN FLOYD 2013-11-14
001 2012-01-01 WYNN FLOYD 2013-05-20
001 2011-01-01 WYNN FLOYD WYNN FLOYD 2012-10-09
001 2009-01-01 ANNIE TAYLOR ANNIE TAYLOR 2010-09-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2013-01-01	WYNN FLOYD	2013-11-14	WYNN FLOYD	2013-11-14
001	2012-01-01	WYNN FLOYD	2013-05-20
001	2011-01-01	WYNN FLOYD		WYNN FLOYD	2012-10-09
001	2009-01-01	ANNIE TAYLOR		ANNIE TAYLOR	2010-09-29

Plan Statistics for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 11
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 8
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 11
Number of participants with account balances 2011-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 1
2009: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 10
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 10
Total participants 2009-01-01 10
Number of participants with account balances 2009-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	11
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	8
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	11
Number of participants with account balances	2011-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	1
2009: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	10
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	10
Total participants	2009-01-01	10
Number of participants with account balances	2009-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2011 : FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$16,171
Expenses. Total of all expenses incurred	2011-12-31	$170,424
Benefits paid (including direct rollovers)	2011-12-31	$170,352
Total plan assets at end of year	2011-12-31	$70,981
Total plan assets at beginning of year	2011-12-31	$225,234
Value of fidelity bond covering the plan	2011-12-31	$1,500,000
Other income received	2011-12-31	$4,404
Net income (gross income less expenses)	2011-12-31	$-154,253
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$70,981
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$225,234
Total contributions received or receivable from employer(s)	2011-12-31	$11,767
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$72
2010 : FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$35,216
Expenses. Total of all expenses incurred	2010-12-31	$4,844
Benefits paid (including direct rollovers)	2010-12-31	$4,844
Total plan assets at end of year	2010-12-31	$225,234
Total plan assets at beginning of year	2010-12-31	$194,862
Value of fidelity bond covering the plan	2010-12-31	$1,500,000
Other income received	2010-12-31	$17,216
Net income (gross income less expenses)	2010-12-31	$30,372
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$225,234
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$194,862
Total contributions received or receivable from employer(s)	2010-12-31	$18,000

Form 5500 Responses for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

2011: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FARMERS STATE BANK 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FARMERS STATE BANK
Employer identification number (EIN):	740619630
NAIC Classification:	522110
NAIC Description:	Commercial Banking