CAPITAL BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2011 : SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2011 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
| 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 | $622,669 |
| Total loss/gain on sale of assets | 2011-12-31 | $0 |
| Total of all expenses incurred | 2011-12-31 | $1,179,875 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $1,168,208 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $705,647 |
| Value of total assets at end of year | 2011-12-31 | $8,977,832 |
| Value of total assets at beginning of year | 2011-12-31 | $9,535,038 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $11,667 |
| Total interest from all sources | 2011-12-31 | $15,560 |
| 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 |
| Administrative expenses professional fees incurred | 2011-12-31 | $8,884 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $4,000,000 |
| 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 |
| Contributions received from participants | 2011-12-31 | $705,647 |
| Participant contributions at end of year | 2011-12-31 | $360,402 |
| Participant contributions at beginning of year | 2011-12-31 | $312,812 |
| Participant contributions at end of year | 2011-12-31 | $32,742 |
| Participant contributions at beginning of year | 2011-12-31 | $71,105 |
| Administrative expenses (other) incurred | 2011-12-31 | $2,783 |
| 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 | $-557,206 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $8,977,832 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $9,535,038 |
| 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 | $6,416,456 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $7,170,990 |
| Interest on participant loans | 2011-12-31 | $15,509 |
| Value of interest in common/collective trusts at end of year | 2011-12-31 | $1,057,265 |
| Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $1,051,342 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $184,428 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $156,363 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $156,363 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $51 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-108,115 |
| Net investment gain or loss from common/collective trusts | 2011-12-31 | $9,577 |
| 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 | $926,539 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $769,322 |
| Employer contributions (assets) at end of year | 2011-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2011-12-31 | $3,104 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $1,168,208 |
| 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 | No |
| 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 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2011-12-31 | 560747981 |
| 2010 : SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2010 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
| 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 | $0 |
| Total income from all sources (including contributions) | 2010-12-31 | $1,319,489 |
| Total loss/gain on sale of assets | 2010-12-31 | $0 |
| Total of all expenses incurred | 2010-12-31 | $855,393 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $845,145 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $1,261,435 |
| Value of total assets at end of year | 2010-12-31 | $9,535,038 |
| Value of total assets at beginning of year | 2010-12-31 | $9,070,942 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $10,248 |
| Total interest from all sources | 2010-12-31 | $13,328 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Administrative expenses professional fees incurred | 2010-12-31 | $6,830 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $500,000 |
| 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 |
| Contributions received from participants | 2010-12-31 | $934,058 |
| Participant contributions at end of year | 2010-12-31 | $312,812 |
| Participant contributions at beginning of year | 2010-12-31 | $235,589 |
| Participant contributions at end of year | 2010-12-31 | $71,105 |
| Participant contributions at beginning of year | 2010-12-31 | $66,216 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $0 |
| Administrative expenses (other) incurred | 2010-12-31 | $3,418 |
| 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 | $464,096 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $9,535,038 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $9,070,942 |
| 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 in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $7,170,990 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $6,285,138 |
| Interest on participant loans | 2010-12-31 | $13,308 |
| Value of interest in common/collective trusts at end of year | 2010-12-31 | $1,051,342 |
| Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $944,535 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $156,363 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $119,965 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $119,965 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $20 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $35,548 |
| Net investment gain or loss from common/collective trusts | 2010-12-31 | $9,178 |
| 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 | $769,322 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $1,413,343 |
| Contributions received in cash from employer | 2010-12-31 | $327,377 |
| Employer contributions (assets) at end of year | 2010-12-31 | $3,104 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $6,156 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $845,145 |
| 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 | 2010-12-31 | No |
| 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 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2010-12-31 | 560747981 |
| 2009 : SOUTHERN COMMUNITY BANK 401K RETIREMENT 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 |
