401k Plan data: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN plan

GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN
Plan identification number	003

GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	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).

401k Sponsoring company profile

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

Company Name: GRAYSTONE TOWER BANK

Employer identification number (EIN): 260126034

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2014-01-01 JAMES STEELEY
003 2013-01-01 JAMES STEELEY
003 2012-01-01 JIM STEELEY
003 2011-01-01 JAMES H STEELEY
003 2009-01-01 PAUL BARBER

Plan id#	Filing Submission Date	Name of Administrator
003	2014-01-01	JAMES STEELEY
003	2013-01-01	JAMES STEELEY
003	2012-01-01	JIM STEELEY
003	2011-01-01	JAMES H STEELEY
003	2009-01-01	PAUL BARBER

Plan Statistics for GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN

401k plan membership statisitcs for GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN

Measure Date Value
2014: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 191
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 46
Total of all active and inactive participants 2013-01-01 46
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 46
Number of participants with account balances 2013-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 579
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 128
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 63
Total of all active and inactive participants 2012-01-01 191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 191
Number of participants with account balances 2012-01-01 191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 864
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 528
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 51
Total of all active and inactive participants 2011-01-01 579
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 579
Number of participants with account balances 2011-01-01 245
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 87
2009: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 184
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 267
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 45
Total of all active and inactive participants 2009-01-01 312
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 312
Number of participants with account balances 2009-01-01 307
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 30

Measure	Date	Value
2014: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	191
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	46
Total of all active and inactive participants	2013-01-01	46
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	46
Number of participants with account balances	2013-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	579
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	128
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	63
Total of all active and inactive participants	2012-01-01	191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	191
Number of participants with account balances	2012-01-01	191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	864
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	528
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	51
Total of all active and inactive participants	2011-01-01	579
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	579
Number of participants with account balances	2011-01-01	245
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	87
2009: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	184
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	267
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	45
Total of all active and inactive participants	2009-01-01	312
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	312
Number of participants with account balances	2009-01-01	307
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	30

Financial Data on GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN

Measure	Date	Value
2014 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources	2014-04-02	$-86,138
Expenses. Total of all expenses incurred	2014-04-02	$1,314,096
Benefits paid (including direct rollovers)	2014-04-02	$1,313,190
Total plan assets at end of year	2014-04-02	$0
Total plan assets at beginning of year	2014-04-02	$1,400,234
Value of fidelity bond covering the plan	2014-04-02	$2,000,000
Other income received	2014-04-02	$-86,138
Net income (gross income less expenses)	2014-04-02	$-1,400,234
Net plan assets at end of year (total assets less liabilities)	2014-04-02	$0
Net plan assets at beginning of year (total assets less liabilities)	2014-04-02	$1,400,234
Assets. Value of employer securities	2014-04-02	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-04-02	$906
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-04-02	$0
2013 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$337,606
Total unrealized appreciation/depreciation of assets	2013-12-31	$337,606
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	$795,273
Total loss/gain on sale of assets	2013-12-31	$375,379
Total of all expenses incurred	2013-12-31	$4,027,224
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$4,027,224
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$7,899
Value of total assets at end of year	2013-12-31	$1,400,234
Value of total assets at beginning of year	2013-12-31	$4,632,185
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$0
Total interest from all sources	2013-12-31	$92
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$74,297
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$7
Total non interest bearing cash at end of year	2013-12-31	$9
Total non interest bearing cash at beginning of year	2013-12-31	$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	2013-12-31	No
Value of net income/loss	2013-12-31	$-3,231,951
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$1,400,234
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,632,185
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$234,956
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$828,043
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$828,043
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$92
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Assets. Invements in employer securities at end of year	2013-12-31	$1,165,269
Assets. Invements in employer securities at beginning of year	2013-12-31	$3,804,135
Contributions received in cash from employer	2013-12-31	$7,899
Income. Dividends from common stock	2013-12-31	$74,297
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$4,027,224
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$2,487,832
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$2,112,453
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	SMITH ELLIOT KEARNS & COMPANY, LLC
Accountancy firm EIN	2013-12-31	520783935
2012 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$158,766
Total unrealized appreciation/depreciation of assets	2012-12-31	$158,766
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	$1,145,802
Total loss/gain on sale of assets	2012-12-31	$842,639
Total of all expenses incurred	2012-12-31	$1,578,318
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,578,318
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$0
Value of total assets at end of year	2012-12-31	$4,632,185
Value of total assets at beginning of year	2012-12-31	$5,064,701
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$0
Total interest from all sources	2012-12-31	$619
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$143,778
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-12-31	$0
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$7
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$0
Total non interest bearing cash at end of year	2012-12-31	$0
Total non interest bearing cash at beginning of year	2012-12-31	$693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-432,516
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,632,185
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$5,064,701
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$828,043
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$52,270
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$52,270
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$619
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$3,804,135
Assets. Invements in employer securities at beginning of year	2012-12-31	$5,011,738
Income. Dividends from common stock	2012-12-31	$143,778
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,578,318
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$4,144,515
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$3,301,876
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	SMITH ELLIOT KEARNS & COMPANY, LLC
Accountancy firm EIN	2012-12-31	520783935
2011 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$1,150,580
Total unrealized appreciation/depreciation of assets	2011-12-31	$1,150,580
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	$1,352,714
Total loss/gain on sale of assets	2011-12-31	$45,625
Total of all expenses incurred	2011-12-31	$499,550
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$492,557
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$0
Value of total assets at end of year	2011-12-31	$5,064,701
Value of total assets at beginning of year	2011-12-31	$4,211,537
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$6,993
Total interest from all sources	2011-12-31	$14
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$156,495
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Administrative expenses professional fees incurred	2011-12-31	$6,993
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Total non interest bearing cash at end of year	2011-12-31	$693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$853,164
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$5,064,701
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,211,537
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$52,270
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$5,443
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$5,443
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$14
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$5,011,738
Assets. Invements in employer securities at beginning of year	2011-12-31	$4,206,094
Income. Dividends from common stock	2011-12-31	$156,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$492,557
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$473,913
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$428,288
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	SMITH ELLIOT KEARNS & COMPANY, LLC
Accountancy firm EIN	2011-12-31	520783935
2010 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$-142,147
Total unrealized appreciation/depreciation of assets	2010-12-31	$-142,147
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	$18,392
Total income from all sources (including contributions)	2010-12-31	$108,403
Total loss/gain on sale of assets	2010-12-31	$17,298
Total of all expenses incurred	2010-12-31	$917,554
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$917,554
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$0
Value of total assets at end of year	2010-12-31	$4,211,537
Value of total assets at beginning of year	2010-12-31	$5,039,080
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$0
Total interest from all sources	2010-12-31	$1
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$233,251
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$1,931
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-809,151
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,211,537
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$5,020,688
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$5,443
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,934
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,934
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$1
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$4,206,094
Assets. Invements in employer securities at beginning of year	2010-12-31	$5,035,215
Employer contributions (assets) at beginning of year	2010-12-31	$0
Income. Dividends from common stock	2010-12-31	$233,251
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$917,554
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$18,392
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$418,752
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$401,454
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	SMITH ELLIOT KEARNS & COMPANY, LLC
Accountancy firm EIN	2010-12-31	520783935
2009 : GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN

2014: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	Yes
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP 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: GRAYSTONE TOWER BANK EMPLOYEES' STOCK OWNERSHIP 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

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	GRAYSTONE TOWER BANK
Employer identification number (EIN):	260126034
NAIC Classification:	522110
NAIC Description:	Commercial Banking