401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI plan

RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI
Plan identification number	002

RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name: CITIZENS BANK

Employer identification number (EIN): 750194635

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 JEFF NUNN 2024-10-16 JEFF NUNN 2024-10-16
002 2022-01-01
002 2021-01-01 JEFF NUNN 2022-07-29 JEFF NUNN 2022-07-29
002 2020-01-01 JEFF NUNN 2021-10-14 JEFF NUNN 2021-10-14
002 2019-01-01 JEFF NUNN 2020-10-15 JEFF NUNN 2020-10-15
002 2018-01-01 JEFF NUNN 2019-03-05 JEFF NUNN 2019-03-05
002 2017-01-01 JEFF NUNN 2018-04-11 JEFF NUNN 2018-04-11
002 2016-01-01 JEFF NUNN 2017-03-20 JEFF NUNN 2017-03-20
002 2015-01-01 JEFF NUNN 2016-04-19 JEFF NUNN 2016-04-19
002 2014-01-01 JEFF NUNN 2015-07-03 JEFF NUNN 2015-07-03
002 2013-01-01 JEFF NUNN 2014-09-03 JEFF NUNN 2014-09-03
002 2012-01-01 JEFF NUNN 2013-07-31 JEFF NUNN 2013-07-31
002 2011-01-01 JEFF NUNN 2012-07-31 JEFF NUNN 2012-07-31
002 2010-01-01 JEFF NUNN 2011-07-28 JEFF NUNN 2011-07-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	JEFF NUNN	2024-10-16	JEFF NUNN	2024-10-16
002	2022-01-01
002	2021-01-01	JEFF NUNN	2022-07-29	JEFF NUNN	2022-07-29
002	2020-01-01	JEFF NUNN	2021-10-14	JEFF NUNN	2021-10-14
002	2019-01-01	JEFF NUNN	2020-10-15	JEFF NUNN	2020-10-15
002	2018-01-01	JEFF NUNN	2019-03-05	JEFF NUNN	2019-03-05
002	2017-01-01	JEFF NUNN	2018-04-11	JEFF NUNN	2018-04-11
002	2016-01-01	JEFF NUNN	2017-03-20	JEFF NUNN	2017-03-20
002	2015-01-01	JEFF NUNN	2016-04-19	JEFF NUNN	2016-04-19
002	2014-01-01	JEFF NUNN	2015-07-03	JEFF NUNN	2015-07-03
002	2013-01-01	JEFF NUNN	2014-09-03	JEFF NUNN	2014-09-03
002	2012-01-01	JEFF NUNN	2013-07-31	JEFF NUNN	2013-07-31
002	2011-01-01	JEFF NUNN	2012-07-31	JEFF NUNN	2012-07-31
002	2010-01-01	JEFF NUNN	2011-07-28	JEFF NUNN	2011-07-28

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2022 401k membership
Market value of plan assets 2022-12-31 454,986
Acturial value of plan assets 2022-12-31 454,986
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 75,494
Number of terminated vested participants 2022-12-31 1
Fundng target for terminated vested participants 2022-12-31 38,465
Active participant vested funding target 2022-12-31 370,976
Number of active participants 2022-12-31 21
Total funding liabilities for active participants 2022-12-31 370,976
Total participant count 2022-12-31 23
Total funding target for all participants 2022-12-31 484,935
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 9,813
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 9,813
Present value of excess contributions 2022-12-31 66,561
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 70,029
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 9,749
Total employer contributions 2022-12-31 60,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 57,161
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 0
Net shortfall amortization installment of oustanding balance 2022-12-31 39,698
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 3,669
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 3,669
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 57,161
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2021 401k membership
Market value of plan assets 2021-12-31 434,483
Acturial value of plan assets 2021-12-31 434,483
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 40,084
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 380,722
Number of active participants 2021-12-31 23
Total funding liabilities for active participants 2021-12-31 380,722
Total participant count 2021-12-31 24
Total funding target for all participants 2021-12-31 420,806
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 9,824
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 9,824
Present value of excess contributions 2021-12-31 8,230
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 8,671
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 9,813
Total employer contributions 2021-12-31 70,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 66,561
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 0
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 66,561
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2020 401k membership
Market value of plan assets 2020-12-31 456,565
Acturial value of plan assets 2020-12-31 456,565
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 222,280
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 335,491
Number of active participants 2020-12-31 23
Total funding liabilities for active participants 2020-12-31 335,491
Total participant count 2020-12-31 25
Total funding target for all participants 2020-12-31 557,771
Balance at beginning of prior year after applicable adjustments 2020-12-31 31,382
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 12,539
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 31,382
Amount remaining of prefunding balance 2020-12-31 12,539
Present value of excess contributions 2020-12-31 685
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 720
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 720
Reductions in caryover balances due to elections or deemed elections 2020-12-31 31,555
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 3,504
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 9,824
Total employer contributions 2020-12-31 32,310
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 31,576
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 0
Net shortfall amortization installment of oustanding balance 2020-12-31 111,030
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 23,346
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 23,346
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 31,576
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2019 401k membership
Market value of plan assets 2019-12-31 531,549
Acturial value of plan assets 2019-12-31 531,549
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 239,548
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 364,856
Number of active participants 2019-12-31 23
Total funding liabilities for active participants 2019-12-31 364,856
Total participant count 2019-12-31 25
Total funding target for all participants 2019-12-31 604,404
Balance at beginning of prior year after applicable adjustments 2019-12-31 73,281
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 12,482
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 253
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 73,028
Amount remaining of prefunding balance 2019-12-31 12,482
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 41,982
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 31,382
Balance of prefunding at beginning of current year 2019-12-31 12,539
Total employer contributions 2019-12-31 22,130
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 21,982
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 0
Net shortfall amortization installment of oustanding balance 2019-12-31 116,776
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 21,295
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 21,295
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 21,982
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2018 401k membership
Market value of plan assets 2018-12-31 564,047
Acturial value of plan assets 2018-12-31 564,047
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 256,503
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 341,352
Number of active participants 2018-12-31 23
Total funding liabilities for active participants 2018-12-31 341,352
Total participant count 2018-12-31 25
Total funding target for all participants 2018-12-31 597,855
Balance at beginning of prior year after applicable adjustments 2018-12-31 144,506
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 144,506
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 11,872
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 12,482
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 12,482
Reductions in caryover balances due to elections or deemed elections 2018-12-31 71,731
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 73,281
Balance of prefunding at beginning of current year 2018-12-31 12,482
Total employer contributions 2018-12-31 19,855
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 19,267
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 0
Net shortfall amortization installment of oustanding balance 2018-12-31 119,571
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 19,520
Carryover balance elected to use to offset funding requirement 2018-12-31 253
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 19,267
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 19,267
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2017 401k membership
Market value of plan assets 2017-12-31 642,525
Acturial value of plan assets 2017-12-31 642,525
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 262,479
Number of terminated vested participants 2017-12-31 0
Fundng target for terminated vested participants 2017-12-31 0
Active participant vested funding target 2017-12-31 356,463
Number of active participants 2017-12-31 23
Total funding liabilities for active participants 2017-12-31 356,463
Total participant count 2017-12-31 25
Total funding target for all participants 2017-12-31 618,942
Balance at beginning of prior year after applicable adjustments 2017-12-31 652,158
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 652,158
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 510,000
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 144,506
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 12,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 11,872
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 0
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 11,872
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2016 401k membership
Market value of plan assets 2016-12-31 694,993
Acturial value of plan assets 2016-12-31 694,993
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 273,331
Number of terminated vested participants 2016-12-31 0
Fundng target for terminated vested participants 2016-12-31 0
Active participant vested funding target 2016-12-31 321,944
Number of active participants 2016-12-31 21
Total funding liabilities for active participants 2016-12-31 321,944
Total participant count 2016-12-31 23
Total funding target for all participants 2016-12-31 595,275
Balance at beginning of prior year after applicable adjustments 2016-12-31 649,754
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 649,754
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 652,158
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 0
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 0
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 0
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2022 401k membership
Market value of plan assets	2022-12-31	454,986
Acturial value of plan assets	2022-12-31	454,986
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	75,494
Number of terminated vested participants	2022-12-31	1
Fundng target for terminated vested participants	2022-12-31	38,465
Active participant vested funding target	2022-12-31	370,976
Number of active participants	2022-12-31	21
Total funding liabilities for active participants	2022-12-31	370,976
Total participant count	2022-12-31	23
Total funding target for all participants	2022-12-31	484,935
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	9,813
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	9,813
Present value of excess contributions	2022-12-31	66,561
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	70,029
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	9,749
Total employer contributions	2022-12-31	60,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	57,161
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	0
Net shortfall amortization installment of oustanding balance	2022-12-31	39,698
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	3,669
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	3,669
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	57,161
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2021 401k membership
Market value of plan assets	2021-12-31	434,483
Acturial value of plan assets	2021-12-31	434,483
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	40,084
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	380,722
Number of active participants	2021-12-31	23
Total funding liabilities for active participants	2021-12-31	380,722
Total participant count	2021-12-31	24
Total funding target for all participants	2021-12-31	420,806
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	9,824
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	9,824
Present value of excess contributions	2021-12-31	8,230
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	8,671
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	9,813
Total employer contributions	2021-12-31	70,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	66,561
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	0
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	66,561
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2020 401k membership
Market value of plan assets	2020-12-31	456,565
Acturial value of plan assets	2020-12-31	456,565
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	222,280
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	335,491
Number of active participants	2020-12-31	23
Total funding liabilities for active participants	2020-12-31	335,491
Total participant count	2020-12-31	25
Total funding target for all participants	2020-12-31	557,771
Balance at beginning of prior year after applicable adjustments	2020-12-31	31,382
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	12,539
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	31,382
Amount remaining of prefunding balance	2020-12-31	12,539
Present value of excess contributions	2020-12-31	685
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	720
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	720
Reductions in caryover balances due to elections or deemed elections	2020-12-31	31,555
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	3,504
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	9,824
Total employer contributions	2020-12-31	32,310
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	31,576
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	0
Net shortfall amortization installment of oustanding balance	2020-12-31	111,030
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	23,346
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	23,346
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	31,576
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2019 401k membership
Market value of plan assets	2019-12-31	531,549
Acturial value of plan assets	2019-12-31	531,549
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	239,548
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	364,856
Number of active participants	2019-12-31	23
Total funding liabilities for active participants	2019-12-31	364,856
Total participant count	2019-12-31	25
Total funding target for all participants	2019-12-31	604,404
Balance at beginning of prior year after applicable adjustments	2019-12-31	73,281
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	12,482
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	253
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	73,028
Amount remaining of prefunding balance	2019-12-31	12,482
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	41,982
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	31,382
Balance of prefunding at beginning of current year	2019-12-31	12,539
Total employer contributions	2019-12-31	22,130
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	21,982
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	0
Net shortfall amortization installment of oustanding balance	2019-12-31	116,776
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	21,295
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	21,295
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	21,982
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2018 401k membership
Market value of plan assets	2018-12-31	564,047
Acturial value of plan assets	2018-12-31	564,047
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	256,503
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	341,352
Number of active participants	2018-12-31	23
Total funding liabilities for active participants	2018-12-31	341,352
Total participant count	2018-12-31	25
Total funding target for all participants	2018-12-31	597,855
Balance at beginning of prior year after applicable adjustments	2018-12-31	144,506
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	144,506
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	11,872
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	12,482
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	12,482
Reductions in caryover balances due to elections or deemed elections	2018-12-31	71,731
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	73,281
Balance of prefunding at beginning of current year	2018-12-31	12,482
Total employer contributions	2018-12-31	19,855
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	19,267
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	0
Net shortfall amortization installment of oustanding balance	2018-12-31	119,571
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	19,520
Carryover balance elected to use to offset funding requirement	2018-12-31	253
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	19,267
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	19,267
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2017 401k membership
Market value of plan assets	2017-12-31	642,525
Acturial value of plan assets	2017-12-31	642,525
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	262,479
Number of terminated vested participants	2017-12-31	0
Fundng target for terminated vested participants	2017-12-31	0
Active participant vested funding target	2017-12-31	356,463
Number of active participants	2017-12-31	23
Total funding liabilities for active participants	2017-12-31	356,463
Total participant count	2017-12-31	25
Total funding target for all participants	2017-12-31	618,942
Balance at beginning of prior year after applicable adjustments	2017-12-31	652,158
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	652,158
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	510,000
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	144,506
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	12,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	11,872
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	0
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	11,872
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK OF TUCUMCARI 2016 401k membership
Market value of plan assets	2016-12-31	694,993
Acturial value of plan assets	2016-12-31	694,993
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	273,331
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	321,944
Number of active participants	2016-12-31	21
Total funding liabilities for active participants	2016-12-31	321,944
Total participant count	2016-12-31	23
Total funding target for all participants	2016-12-31	595,275
Balance at beginning of prior year after applicable adjustments	2016-12-31	649,754
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	649,754
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	652,158
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	0
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	0
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	CITIZENS BANK
Employer identification number (EIN):	750194635
NAIC Classification:	522110
NAIC Description:	Commercial Banking