401k Plan data: COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV plan

COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV 401k Plan overview

Plan Name	COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV
Plan identification number	002

COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Stock bonus
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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).
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

PARK STERLING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: PARK STERLING CORPORATION

Employer identification number (EIN): 274107242

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about PARK STERLING CORPORATION

Jurisdiction of Incorporation: North Carolina Secretary of State

Incorporation Date:

Company Identification Number: 1170234

More information about PARK STERLING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2014-01-01 SUSAN SABO 2015-04-30
002 2011-01-01 JULIE LAMB

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2014-01-01	SUSAN SABO	2015-04-30
002	2011-01-01	JULIE LAMB

Plan Statistics for COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV

401k plan membership statisitcs for COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV

Measure Date Value
2011: COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV 2011 401k membership
Total participants, beginning-of-year 2011-01-01 208
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
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 0
Total of all active and inactive participants 2011-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 0
Number of participants with account balances 2011-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0

Measure	Date	Value
2011: COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV 2011 401k membership
Total participants, beginning-of-year	2011-01-01	208
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
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	0
Total of all active and inactive participants	2011-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	0
Number of participants with account balances	2011-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0

Financial Data on COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV

Measure	Date	Value
2011 : COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-920,169
Total unrealized appreciation/depreciation of assets	2011-12-31	$-920,169
Total transfer of assets from this plan	2011-12-31	$6,355,984
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	$4,048
Total income from all sources (including contributions)	2011-12-31	$1,026,432
Total loss/gain on sale of assets	2011-12-31	$1,202,366
Total of all expenses incurred	2011-12-31	$345,908
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$329,331
Value of total corrective distributions	2011-12-31	$3,121
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$780,925
Value of total assets at end of year	2011-12-31	$0
Value of total assets at beginning of year	2011-12-31	$5,679,508
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$13,456
Total interest from all sources	2011-12-31	$7,795
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	Yes
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
Contributions received from participants	2011-12-31	$470,751
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$91,135
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$100
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2011-12-31	$4,048
Administrative expenses (other) incurred	2011-12-31	$13,456
Liabilities. Value of operating payables at end of year	2011-12-31	$0
Liabilities. Value of operating payables at beginning of year	2011-12-31	$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	2011-12-31	No
Value of net income/loss	2011-12-31	$680,524
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$5,675,460
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 in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$3,339,895
Interest on participant loans	2011-12-31	$7,795
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$3,948
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$3,948
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-44,485
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	$0
Assets. Invements in employer securities at beginning of year	2011-12-31	$2,244,430
Contributions received in cash from employer	2011-12-31	$310,174
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$329,331
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	Yes
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	Yes
Aggregate proceeds on sale of assets	2011-12-31	$1,876,571
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$674,205
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	ELLIOTT DAVIS, LLC
Accountancy firm EIN	2011-12-31	570381582

Form 5500 Responses for COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV

2011: COMMUNITY CAPITAL CORPORATION ESOP WITH 401K PROV 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	Yes
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

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See full terms and conditions

Company Name:	PARK STERLING CORPORATION
Employer identification number (EIN):	274107242
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	1170234