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FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN
Plan identification number 001

FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

FIRST FARMERS & MERCHANTS BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST FARMERS & MERCHANTS BANK
Employer identification number (EIN):620198110
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01ROBERT C. MATTHEWS
0012024-01-01ROBERT C. MATTHEWS
0012023-01-01ROBERT C. MATTHEWS
0012022-01-01
0012022-01-01ROBERT C. MATTHEWS
0012021-01-01
0012021-01-01ROBERT C. MATTHEWS
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01ROBERT C. MATTHEWS ROBERT C. MATTHEWS2018-07-17
0012016-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2017-07-28
0012015-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2016-07-28
0012014-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2015-06-25
0012013-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2014-07-25
0012012-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2013-07-26
0012011-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2012-07-02
0012010-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2012-03-20
0012009-01-01JOHN P. TOMLINSON JOHN P. TOMLINSON2010-07-21

Plan Statistics for FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN

Measure Date Value
2022: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01268
Total number of active participants reported on line 7a of the Form 55002022-01-01202
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0166
Total of all active and inactive participants2022-01-01268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01268
Number of participants with account balances2022-01-01268
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01294
Total number of active participants reported on line 7a of the Form 55002021-01-01215
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0160
Total of all active and inactive participants2021-01-01275
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01276
Number of participants with account balances2021-01-01276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0115
2020: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01299
Total number of active participants reported on line 7a of the Form 55002020-01-01235
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0155
Total of all active and inactive participants2020-01-01290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01290
Number of participants with account balances2020-01-01290
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0112
2019: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01290
Total number of active participants reported on line 7a of the Form 55002019-01-01229
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0155
Total of all active and inactive participants2019-01-01284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01285
Number of participants with account balances2019-01-01285
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-018
2018: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01270
Total number of active participants reported on line 7a of the Form 55002018-01-01228
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0150
Total of all active and inactive participants2018-01-01278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01278
Number of participants with account balances2018-01-01278
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2017: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01259
Total number of active participants reported on line 7a of the Form 55002017-01-01207
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0151
Total of all active and inactive participants2017-01-01258
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01258
Number of participants with account balances2017-01-01258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-017
2016: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01265
Total number of active participants reported on line 7a of the Form 55002016-01-01204
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0145
Total of all active and inactive participants2016-01-01249
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01250
Number of participants with account balances2016-01-01250
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-017
2015: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01270
Total number of active participants reported on line 7a of the Form 55002015-01-01215
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0145
Total of all active and inactive participants2015-01-01261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01262
Number of participants with account balances2015-01-01262
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01281
Total number of active participants reported on line 7a of the Form 55002014-01-01223
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0138
Total of all active and inactive participants2014-01-01261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-01263
Number of participants with account balances2014-01-01263
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01283
Total number of active participants reported on line 7a of the Form 55002013-01-01228
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0145
Total of all active and inactive participants2013-01-01273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01274
Number of participants with account balances2013-01-01274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017
2012: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01282
Total number of active participants reported on line 7a of the Form 55002012-01-01241
Number of other retired or separated participants entitled to future benefits2012-01-0136
Total of all active and inactive participants2012-01-01277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01278
Number of participants with account balances2012-01-01278
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01301
Total number of active participants reported on line 7a of the Form 55002011-01-01237
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0137
Total of all active and inactive participants2011-01-01274
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-01276
Number of participants with account balances2011-01-01275
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-013
2010: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01311
Total number of active participants reported on line 7a of the Form 55002010-01-01243
Number of retired or separated participants receiving benefits2010-01-014
Number of other retired or separated participants entitled to future benefits2010-01-0148
Total of all active and inactive participants2010-01-01295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01296
Number of participants with account balances2010-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-018
2009: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01308
Total number of active participants reported on line 7a of the Form 55002009-01-01258
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-0142
Total of all active and inactive participants2009-01-01301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-01303
Number of participants with account balances2009-01-01303
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN

Measure Date Value
2023 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-644,000
Total unrealized appreciation/depreciation of assets2023-12-31$-644,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$3,308,983
Total loss/gain on sale of assets2023-12-31$-15,134
Total of all expenses incurred2023-12-31$2,090,817
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$2,090,817
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$693,878
Value of total assets at end of year2023-12-31$27,747,217
Value of total assets at beginning of year2023-12-31$26,529,051
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$619,801
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$593,481
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$16,032
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$15,716
Other income not declared elsewhere2023-12-31$552,693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,218,166
Value of net assets at end of year (total assets less liabilities)2023-12-31$27,747,217
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$26,529,051
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$26,309,307
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$23,879,340
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,101,745
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31Yes
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$728,000
Assets. Invements in employer securities at beginning of year2023-12-31$1,372,000
Contributions received in cash from employer2023-12-31$693,878
Employer contributions (assets) at end of year2023-12-31$693,878
Employer contributions (assets) at beginning of year2023-12-31$1,261,995
Income. Dividends from common stock2023-12-31$26,320
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$2,090,817
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$772,378
Aggregate carrying amount (costs) on sale of assets2023-12-31$787,512
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PLANTE MORAN
Accountancy firm EIN2023-12-31381357951
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$-644,000
Total unrealized appreciation/depreciation of assets2023-01-01$-644,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$3,308,983
Total loss/gain on sale of assets2023-01-01$-15,134
Total of all expenses incurred2023-01-01$2,090,817
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$2,090,817
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$693,878
Value of total assets at end of year2023-01-01$27,747,217
Value of total assets at beginning of year2023-01-01$26,529,051
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$0
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$619,801
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$593,481
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$10,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$16,032
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$15,716
Other income not declared elsewhere2023-01-01$552,693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,218,166
Value of net assets at end of year (total assets less liabilities)2023-01-01$27,747,217
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$26,529,051
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$26,309,307
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$23,879,340
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$2,101,745
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01Yes
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Assets. Invements in employer securities at end of year2023-01-01$728,000
Assets. Invements in employer securities at beginning of year2023-01-01$1,372,000
Contributions received in cash from employer2023-01-01$693,878
Employer contributions (assets) at end of year2023-01-01$693,878
Employer contributions (assets) at beginning of year2023-01-01$1,261,995
Income. Dividends from common stock2023-01-01$26,320
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$2,090,817
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Aggregate proceeds on sale of assets2023-01-01$772,378
Aggregate carrying amount (costs) on sale of assets2023-01-01$787,512
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01PLANTE MORAN
Accountancy firm EIN2023-01-01381357951
2022 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$7,000
Total unrealized appreciation/depreciation of assets2022-12-31$7,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,184,702
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,467,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,467,157
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,261,995
Value of total assets at end of year2022-12-31$26,529,051
Value of total assets at beginning of year2022-12-31$30,180,910
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$517,989
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$493,909
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$15,716
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$8,934
Other income not declared elsewhere2022-12-31$748,533
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,651,859
Value of net assets at end of year (total assets less liabilities)2022-12-31$26,529,051
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$30,180,910
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$23,879,340
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$27,434,329
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,720,219
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$1,372,000
Assets. Invements in employer securities at beginning of year2022-12-31$1,365,000
Contributions received in cash from employer2022-12-31$1,261,995
Employer contributions (assets) at end of year2022-12-31$1,261,995
Employer contributions (assets) at beginning of year2022-12-31$1,372,647
Income. Dividends from common stock2022-12-31$24,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,467,157
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANTE MORAN
Accountancy firm EIN2022-12-31381357951
Unrealized appreciation/depreciation of other (non real estate) assets2022-01-01$7,000
Total unrealized appreciation/depreciation of assets2022-01-01$7,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-2,184,702
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$1,467,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,467,157
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$1,261,995
Value of total assets at end of year2022-01-01$26,529,051
Value of total assets at beginning of year2022-01-01$30,180,910
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$0
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$517,989
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$493,909
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$10,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$15,716
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$8,934
Other income not declared elsewhere2022-01-01$748,533
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-3,651,859
Value of net assets at end of year (total assets less liabilities)2022-01-01$26,529,051
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$30,180,910
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$23,879,340
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$27,434,329
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-4,720,219
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01Yes
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Assets. Invements in employer securities at end of year2022-01-01$1,372,000
Assets. Invements in employer securities at beginning of year2022-01-01$1,365,000
Contributions received in cash from employer2022-01-01$1,261,995
Employer contributions (assets) at end of year2022-01-01$1,261,995
Employer contributions (assets) at beginning of year2022-01-01$1,372,647
Income. Dividends from common stock2022-01-01$24,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,467,157
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01PLANTE MORAN
Accountancy firm EIN2022-01-01381357951
2021 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$175,000
Total unrealized appreciation/depreciation of assets2021-12-31$175,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,440,293
Total loss/gain on sale of assets2021-12-31$354,233
Total of all expenses incurred2021-12-31$2,217,836
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,217,836
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,372,647
Value of total assets at end of year2021-12-31$30,180,910
Value of total assets at beginning of year2021-12-31$27,958,453
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$382,517
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$358,997
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$8,934
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$8,957
Other income not declared elsewhere2021-12-31$1,132,827
Total non interest bearing cash at beginning of year2021-12-31$23,520
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,222,457
Value of net assets at end of year (total assets less liabilities)2021-12-31$30,180,910
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$27,958,453
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$27,434,329
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$25,672,074
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,023,069
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$1,365,000
Assets. Invements in employer securities at beginning of year2021-12-31$1,190,000
Contributions received in cash from employer2021-12-31$1,372,647
Employer contributions (assets) at end of year2021-12-31$1,372,647
Employer contributions (assets) at beginning of year2021-12-31$1,063,902
Income. Dividends from common stock2021-12-31$23,520
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,217,836
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$4,641,764
Aggregate carrying amount (costs) on sale of assets2021-12-31$4,287,531
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2021-12-31560747981
2020 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-175,000
Total unrealized appreciation/depreciation of assets2020-12-31$-175,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,822,065
Total loss/gain on sale of assets2020-12-31$-102,235
Total of all expenses incurred2020-12-31$2,214,938
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,214,938
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,063,902
Value of total assets at end of year2020-12-31$27,958,453
Value of total assets at beginning of year2020-12-31$26,351,326
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$388,028
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$364,508
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$8,957
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$13,393
Other income not declared elsewhere2020-12-31$770,435
Total non interest bearing cash at end of year2020-12-31$23,520
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,607,127
Value of net assets at end of year (total assets less liabilities)2020-12-31$27,958,453
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$26,351,326
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$25,672,074
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$24,138,912
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,876,935
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$1,190,000
Assets. Invements in employer securities at beginning of year2020-12-31$1,365,000
Contributions received in cash from employer2020-12-31$1,063,902
Employer contributions (assets) at end of year2020-12-31$1,063,902
Employer contributions (assets) at beginning of year2020-12-31$834,021
Income. Dividends from common stock2020-12-31$23,520
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,214,938
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$1,873,984
Aggregate carrying amount (costs) on sale of assets2020-12-31$1,976,219
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2020-12-31560747981
2019 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$168,000
Total unrealized appreciation/depreciation of assets2019-12-31$168,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$4,619,281
Total loss/gain on sale of assets2019-12-31$252,109
Total of all expenses incurred2019-12-31$1,233,231
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,233,231
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$842,917
Value of total assets at end of year2019-12-31$26,351,326
Value of total assets at beginning of year2019-12-31$22,965,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$500,914
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$474,874
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$8,896
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$13,393
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$16,031
Other income not declared elsewhere2019-12-31$682,999
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,386,050
Value of net assets at end of year (total assets less liabilities)2019-12-31$26,351,326
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$22,965,276
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$24,138,912
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$20,429,786
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,172,342
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$1,365,000
Assets. Invements in employer securities at beginning of year2019-12-31$1,368,000
Contributions received in cash from employer2019-12-31$834,021
Employer contributions (assets) at end of year2019-12-31$834,021
Employer contributions (assets) at beginning of year2019-12-31$1,151,459
Income. Dividends from common stock2019-12-31$26,040
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,233,231
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$3,385,356
Aggregate carrying amount (costs) on sale of assets2019-12-31$3,133,247
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2019-12-31560747981
2018 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$44,500
Total unrealized appreciation/depreciation of assets2018-12-31$44,500
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$290,264
Total loss/gain on sale of assets2018-12-31$294,916
Total of all expenses incurred2018-12-31$1,803,543
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,803,543
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,151,459
Value of total assets at end of year2018-12-31$22,965,276
Value of total assets at beginning of year2018-12-31$24,478,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$381,259
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$353,259
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$16,031
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$12,386
Other income not declared elsewhere2018-12-31$1,151,564
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,513,279
Value of net assets at end of year (total assets less liabilities)2018-12-31$22,965,276
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$24,478,555
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$20,429,786
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$22,259,998
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,733,434
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$1,368,000
Assets. Invements in employer securities at beginning of year2018-12-31$1,494,000
Contributions received in cash from employer2018-12-31$1,151,459
Employer contributions (assets) at end of year2018-12-31$1,151,459
Employer contributions (assets) at beginning of year2018-12-31$712,171
Income. Dividends from common stock2018-12-31$28,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,803,543
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$1,190,500
Aggregate carrying amount (costs) on sale of assets2018-12-31$895,584
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2018-12-31560747981
2017 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$337,300
Total unrealized appreciation/depreciation of assets2017-12-31$337,300
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$3,731,982
Total loss/gain on sale of assets2017-12-31$41,156
Total of all expenses incurred2017-12-31$1,272,921
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,272,921
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$712,171
Value of total assets at end of year2017-12-31$24,478,555
Value of total assets at beginning of year2017-12-31$22,019,494
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$287,008
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$256,608
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$12,386
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$9,795
Other income not declared elsewhere2017-12-31$925,259
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,459,061
Value of net assets at end of year (total assets less liabilities)2017-12-31$24,478,555
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$22,019,494
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$22,259,998
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$19,902,494
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,429,088
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$1,494,000
Assets. Invements in employer securities at beginning of year2017-12-31$1,316,000
Contributions received in cash from employer2017-12-31$712,171
Employer contributions (assets) at end of year2017-12-31$712,171
Employer contributions (assets) at beginning of year2017-12-31$791,205
Income. Dividends from common stock2017-12-31$30,400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,272,921
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$2,085,950
Aggregate carrying amount (costs) on sale of assets2017-12-31$2,044,794
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2017-12-31560747981
2016 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$279,300
Total unrealized appreciation/depreciation of assets2016-12-31$279,300
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$2,322,413
Total loss/gain on sale of assets2016-12-31$2,470
Total of all expenses incurred2016-12-31$3,076,211
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,076,211
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$791,205
Value of total assets at end of year2016-12-31$22,019,494
Value of total assets at beginning of year2016-12-31$22,773,292
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$284,371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$239,391
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$9,795
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$10,710
Other income not declared elsewhere2016-12-31$458,920
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-753,798
Value of net assets at end of year (total assets less liabilities)2016-12-31$22,019,494
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$22,773,292
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$19,902,494
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$20,513,356
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$506,147
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$1,316,000
Assets. Invements in employer securities at beginning of year2016-12-31$1,364,500
Contributions received in cash from employer2016-12-31$791,205
Employer contributions (assets) at end of year2016-12-31$791,205
Employer contributions (assets) at beginning of year2016-12-31$884,726
Income. Dividends from common stock2016-12-31$44,980
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,076,211
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$1,520,956
Aggregate carrying amount (costs) on sale of assets2016-12-31$1,518,486
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2016-12-31560747981
2015 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$107,000
Total unrealized appreciation/depreciation of assets2015-12-31$107,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$959,420
Total loss/gain on sale of assets2015-12-31$-2,077
Total of all expenses incurred2015-12-31$2,153,844
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,153,844
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$884,726
Value of total assets at end of year2015-12-31$22,773,292
Value of total assets at beginning of year2015-12-31$23,967,716
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$265,776
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$228,776
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$10,710
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$27,761
Other income not declared elsewhere2015-12-31$793,656
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,194,424
Value of net assets at end of year (total assets less liabilities)2015-12-31$22,773,292
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$23,967,716
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$20,513,356
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$22,676,339
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,089,661
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$1,364,500
Assets. Invements in employer securities at beginning of year2015-12-31$1,257,500
Contributions received in cash from employer2015-12-31$884,726
Employer contributions (assets) at end of year2015-12-31$884,726
Employer contributions (assets) at beginning of year2015-12-31$6,116
Income. Dividends from common stock2015-12-31$37,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,153,844
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$650,000
Aggregate carrying amount (costs) on sale of assets2015-12-31$652,077
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BKD, LLP
Accountancy firm EIN2015-12-31440160260
2014 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$7,500
Total unrealized appreciation/depreciation of assets2014-12-31$7,500
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$0
Total income from all sources (including contributions)2014-12-31$2,415,961
Total loss/gain on sale of assets2014-12-31$18,505
Total of all expenses incurred2014-12-31$1,265,655
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,265,655
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,028,695
Value of total assets at end of year2014-12-31$23,967,716
Value of total assets at beginning of year2014-12-31$22,817,410
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$309,659
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$254,159
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$7,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$27,761
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$8,909
Other income not declared elsewhere2014-12-31$880,223
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,150,306
Value of net assets at end of year (total assets less liabilities)2014-12-31$23,967,716
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$22,817,410
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$22,676,339
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$21,558,501
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$171,379
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$1,257,500
Assets. Invements in employer securities at beginning of year2014-12-31$1,250,000
Contributions received in cash from employer2014-12-31$1,028,695
Employer contributions (assets) at end of year2014-12-31$6,116
Income. Dividends from common stock2014-12-31$55,500
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,265,655
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$755,808
Aggregate carrying amount (costs) on sale of assets2014-12-31$737,303
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BKD, LLP
Accountancy firm EIN2014-12-31440160260
2013 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$123,000
Total unrealized appreciation/depreciation of assets2013-12-31$123,000
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$4,668,390
Total loss/gain on sale of assets2013-12-31$24,934
Total of all expenses incurred2013-12-31$1,175,916
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,175,916
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,596,773
Value of total assets at end of year2013-12-31$22,817,410
Value of total assets at beginning of year2013-12-31$19,324,936
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$291,032
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$246,890
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$7,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$8,909
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$9,126
Other income not declared elsewhere2013-12-31$473,502
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$3,492,474
Value of net assets at end of year (total assets less liabilities)2013-12-31$22,817,410
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$19,324,936
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$21,558,501
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$17,971,276
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,159,149
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$1,250,000
Assets. Invements in employer securities at beginning of year2013-12-31$1,344,534
Contributions received in cash from employer2013-12-31$1,596,773
Income. Dividends from common stock2013-12-31$44,142
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,175,916
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$1,756,787
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,731,853
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BKD, LLP
Accountancy firm EIN2013-12-31440160260
2012 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-324,501
Total unrealized appreciation/depreciation of assets2012-12-31$-324,501
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$2,291,975
Total loss/gain on sale of assets2012-12-31$13
Total of all expenses incurred2012-12-31$1,574,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,573,601
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,019,174
Value of total assets at end of year2012-12-31$19,324,936
Value of total assets at beginning of year2012-12-31$18,607,399
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$837
Total interest from all sources2012-12-31$562
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$284,906
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$262,835
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$7,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$9,126
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$45,934
Other income not declared elsewhere2012-12-31$319,995
Administrative expenses (other) incurred2012-12-31$837
Total non interest bearing cash at beginning of year2012-12-31$15,293
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$717,537
Value of net assets at end of year (total assets less liabilities)2012-12-31$19,324,936
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$18,607,399
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$17,971,276
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$16,823,611
Income. Interest from corporate debt instruments2012-12-31$562
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$991,826
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$1,344,534
Assets. Invements in employer securities at beginning of year2012-12-31$1,669,035
Contributions received in cash from employer2012-12-31$1,019,174
Income. Dividends from common stock2012-12-31$22,071
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,573,601
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$53,526
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$469,328
Aggregate carrying amount (costs) on sale of assets2012-12-31$469,315
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BKD, LLP
Accountancy firm EIN2012-12-31440160260
2011 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-188,035
Total unrealized appreciation/depreciation of assets2011-12-31$-188,035
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$709,930
Total loss/gain on sale of assets2011-12-31$-102,726
Total of all expenses incurred2011-12-31$5,321,673
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$5,320,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$873,378
Value of total assets at end of year2011-12-31$18,607,399
Value of total assets at beginning of year2011-12-31$23,219,142
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,004
Total interest from all sources2011-12-31$4,545
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$226,833
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$182,691
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$7,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$157,736
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$45,934
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$71,720
Other income not declared elsewhere2011-12-31$485,910
Administrative expenses (other) incurred2011-12-31$1,004
Total non interest bearing cash at end of year2011-12-31$15,293
Total non interest bearing cash at beginning of year2011-12-31$763,779
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-4,611,743
Value of net assets at end of year (total assets less liabilities)2011-12-31$18,607,399
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$23,219,142
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$16,823,611
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$17,390,323
Income. Interest from corporate debt instruments2011-12-31$4,545
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,906,903
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,906,903
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-589,975
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$1,669,035
Assets. Invements in employer securities at beginning of year2011-12-31$2,014,671
Contributions received in cash from employer2011-12-31$873,378
Income. Dividends from common stock2011-12-31$44,142
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$5,320,669
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$53,526
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$71,746
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$4,859,736
Aggregate carrying amount (costs) on sale of assets2011-12-31$4,962,462
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31KRAFT CPAS
Accountancy firm EIN2011-12-31620713250
2010 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-772,924
Total unrealized appreciation/depreciation of assets2010-12-31$-772,924
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$2,109,345
Total loss/gain on sale of assets2010-12-31$167,391
Total of all expenses incurred2010-12-31$3,706,343
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,705,504
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$763,779
Value of total assets at end of year2010-12-31$23,219,142
Value of total assets at beginning of year2010-12-31$24,816,140
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$839
Total interest from all sources2010-12-31$6,181
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$274,183
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$221,526
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$7,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$2,333
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$71,720
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$43,876
Other income not declared elsewhere2010-12-31$295,890
Administrative expenses (other) incurred2010-12-31$839
Total non interest bearing cash at end of year2010-12-31$763,779
Total non interest bearing cash at beginning of year2010-12-31$5,967
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-1,596,998
Value of net assets at end of year (total assets less liabilities)2010-12-31$23,219,142
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$24,816,140
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$17,390,323
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$19,879,853
Income. Interest from corporate debt instruments2010-12-31$4,537
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,906,903
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,492,916
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,492,916
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,644
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,374,845
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$2,014,671
Assets. Invements in employer securities at beginning of year2010-12-31$3,313,051
Contributions received in cash from employer2010-12-31$763,779
Income. Dividends from common stock2010-12-31$52,657
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,705,504
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$71,746
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$63,524
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$16,953
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$8,418,369
Aggregate carrying amount (costs) on sale of assets2010-12-31$8,250,978
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31KRAFT CPAS
Accountancy firm EIN2010-12-31620713250
2009 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN

2022: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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