STERLING NATIONAL BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PROVIDENT BANK EMPLOYEE STOCK OWNERSHIP PLAN
| Measure | Date | Value |
|---|
| 2015 : PROVIDENT BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2015-09-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2015-09-30 | $4,949 |
| Total unrealized appreciation/depreciation of assets | 2015-09-30 | $4,949 |
| Total transfer of assets to this plan | 2015-09-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-09-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-09-30 | $13,500 |
| Total income from all sources (including contributions) | 2015-09-30 | $-581,327 |
| Total loss/gain on sale of assets | 2015-09-30 | $0 |
| Total of all expenses incurred | 2015-09-30 | $13,544,582 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-09-30 | $13,544,517 |
| Value of total corrective distributions | 2015-09-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-09-30 | $0 |
| Value of total assets at end of year | 2015-09-30 | $0 |
| Value of total assets at beginning of year | 2015-09-30 | $14,139,409 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-09-30 | $65 |
| Total income from rents | 2015-09-30 | $0 |
| Total interest from all sources | 2015-09-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-09-30 | $103,714 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-09-30 | $0 |
| Administrative expenses professional fees incurred | 2015-09-30 | $65 |
| Was this plan covered by a fidelity bond | 2015-09-30 | Yes |
| Value of fidelity bond cover | 2015-09-30 | $25,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-09-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-09-30 | $3,371,408 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-09-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2015-09-30 | $0 |
| Contributions received from participants | 2015-09-30 | $0 |
| Participant contributions at end of year | 2015-09-30 | $0 |
| Participant contributions at beginning of year | 2015-09-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-09-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2015-09-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-09-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-09-30 | $9,855 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-09-30 | $13,500 |
| Other income not declared elsewhere | 2015-09-30 | $0 |
| Administrative expenses (other) incurred | 2015-09-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2015-09-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-09-30 | No |
| Value of net income/loss | 2015-09-30 | $-14,125,909 |
| Value of net assets at end of year (total assets less liabilities) | 2015-09-30 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-09-30 | $14,125,909 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-09-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2015-09-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2015-09-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2015-09-30 | $0 |
| Investment advisory and management fees | 2015-09-30 | $0 |
| Income. Interest from loans (other than to participants) | 2015-09-30 | $0 |
| Interest earned on other investments | 2015-09-30 | $0 |
| Income. Interest from US Government securities | 2015-09-30 | $0 |
| Income. Interest from corporate debt instruments | 2015-09-30 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-09-30 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-09-30 | $2,996 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-09-30 | $2,996 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-09-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2015-09-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-09-30 | $-689,990 |
| Net investment gain/loss from pooled separate accounts | 2015-09-30 | $0 |
| Net investment gain or loss from common/collective trusts | 2015-09-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2015-09-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-09-30 | No |
| Assets. Invements in employer securities at end of year | 2015-09-30 | $0 |
| Assets. Invements in employer securities at beginning of year | 2015-09-30 | $14,126,558 |
| Contributions received in cash from employer | 2015-09-30 | $0 |
| Employer contributions (assets) at end of year | 2015-09-30 | $0 |
| Employer contributions (assets) at beginning of year | 2015-09-30 | $0 |
| Income. Dividends from preferred stock | 2015-09-30 | $0 |
| Income. Dividends from common stock | 2015-09-30 | $103,714 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-09-30 | $13,544,517 |
| Contract administrator fees | 2015-09-30 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2015-09-30 | $0 |
| Did the plan have assets held for investment | 2015-09-30 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-09-30 | Yes |
| Aggregate proceeds on sale of assets | 2015-09-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2015-09-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2015-09-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2015-09-30 | Unqualified |
| Accountancy firm name | 2015-09-30 | CROWE HORWARTH LLP |
| Accountancy firm EIN | 2015-09-30 | 350921680 |
| 2014 : PROVIDENT BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2014-12-31 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $1,013,210 |
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $1,013,210 |
| Total transfer of assets to this plan | 2014-12-31 | $0 |
| Total transfer of assets from this plan | 2014-12-31 | $24,504 |
| 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 | $5,973,582 |
| Total income from all sources (including contributions) | 2014-12-31 | $569,208 |
| Total loss/gain on sale of assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $2,685,148 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $2,676,898 |
| Value of total corrective distributions | 2014-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $0 |
| Value of total assets at end of year | 2014-12-31 | $14,126,558 |
| Value of total assets at beginning of year | 2014-12-31 | $22,240,584 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $8,250 |
| Total income from rents | 2014-12-31 | $0 |
| Total interest from all sources | 2014-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $299,518 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $0 |
| Administrative expenses professional fees incurred | 2014-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $25,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $1,157,075 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Amount of non-exempt transactions with any party-in-interest | 2014-12-31 | $0 |
| Contributions received from participants | 2014-12-31 | $0 |
| Participant contributions at end of year | 2014-12-31 | $0 |
| Participant contributions at beginning of year | 2014-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2014-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $9,855 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2014-12-31 | $13,500 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-12-31 | $13,500 |
| Other income not declared elsewhere | 2014-12-31 | $-569,216 |
| Administrative expenses (other) incurred | 2014-12-31 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2014-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $-2,115,940 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $14,126,558 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $16,267,002 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2014-12-31 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2014-12-31 | $0 |
| Investment advisory and management fees | 2014-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2014-12-31 | $0 |
| Interest earned on other investments | 2014-12-31 | $0 |
| Income. Interest from US Government securities | 2014-12-31 | $0 |
| Income. Interest from corporate debt instruments | 2014-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $2,996 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $2,996 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2014-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $-174,304 |
| Net investment gain/loss from pooled separate accounts | 2014-12-31 | $0 |
| Net investment gain or loss from common/collective trusts | 2014-12-31 | $0 |
| Net gain/loss from 103.12 investment entities | 2014-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Assets. Invements in employer securities at end of year | 2014-12-31 | $14,126,558 |
| Assets. Invements in employer securities at beginning of year | 2014-12-31 | $22,227,733 |
| Contributions received in cash from employer | 2014-12-31 | $0 |
| Employer contributions (assets) at end of year | 2014-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2014-12-31 | $0 |
| Income. Dividends from preferred stock | 2014-12-31 | $0 |
| Income. Dividends from common stock | 2014-12-31 | $299,518 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $2,676,898 |
| Contract administrator fees | 2014-12-31 | $8,250 |
| Liabilities. Value of benefit claims payable at beginning of year | 2014-12-31 | $0 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Aggregate proceeds on sale of assets | 2014-12-31 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2014-12-31 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2014-12-31 | $5,960,082 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
| Accountancy firm name | 2014-12-31 | CROWE HORWATH LLP |
| Accountancy firm EIN | 2014-12-31 | 350921680 |
