FIRST METRO BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST METRO BANK 401(K) RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : FIRST METRO BANK 401(K) RETIREMENT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| 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 | $2,526,482 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,233,569 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,227,142 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $794,875 |
| Value of total assets at end of year | 2023-12-31 | $12,735,915 |
| Value of total assets at beginning of year | 2023-12-31 | $11,443,002 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $6,427 |
| Total interest from all sources | 2023-12-31 | $10,887 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $547,492 |
| Participant contributions at end of year | 2023-12-31 | $190,281 |
| Participant contributions at beginning of year | 2023-12-31 | $187,723 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $1,292,913 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $12,735,915 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $11,443,002 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $9,492,148 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $8,487,269 |
| Interest on participant loans | 2023-12-31 | $10,887 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $3,053,486 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $2,768,010 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $1,657,850 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $62,870 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $247,383 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,227,142 |
| Contract administrator fees | 2023-12-31 | $6,427 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2023-12-31 | 580692043 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| 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 | $2,526,482 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $1,233,569 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $1,227,142 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $794,875 |
| Value of total assets at end of year | 2023-01-01 | $12,735,915 |
| Value of total assets at beginning of year | 2023-01-01 | $11,443,002 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $6,427 |
| Total interest from all sources | 2023-01-01 | $10,887 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $547,492 |
| Participant contributions at end of year | 2023-01-01 | $190,281 |
| Participant contributions at beginning of year | 2023-01-01 | $187,723 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $1,292,913 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $12,735,915 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $11,443,002 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $9,492,148 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $8,487,269 |
| Interest on participant loans | 2023-01-01 | $10,887 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $3,053,486 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $2,768,010 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $1,657,850 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $62,870 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $247,383 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $1,227,142 |
| Contract administrator fees | 2023-01-01 | $6,427 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2023-01-01 | 580692043 |
| 2022 : FIRST METRO BANK 401(K) RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| 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 | $-1,184,920 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $279,882 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $275,465 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $765,446 |
| Value of total assets at end of year | 2022-12-31 | $11,443,002 |
| Value of total assets at beginning of year | 2022-12-31 | $12,907,804 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $4,417 |
| Total interest from all sources | 2022-12-31 | $8,383 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $526,683 |
| Participant contributions at end of year | 2022-12-31 | $187,723 |
| Participant contributions at beginning of year | 2022-12-31 | $181,122 |
| Other income not declared elsewhere | 2022-12-31 | $410 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,464,802 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $11,443,002 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $12,907,804 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $8,487,269 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $10,443,945 |
| Interest on participant loans | 2022-12-31 | $8,383 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $2,768,010 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $2,282,737 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,995,702 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $36,543 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $238,763 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $275,465 |
| Contract administrator fees | 2022-12-31 | $4,417 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2022-12-31 | 580692043 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| 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 | $-1,184,920 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $279,882 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $275,465 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $765,446 |
| Value of total assets at end of year | 2022-01-01 | $11,443,002 |
| Value of total assets at beginning of year | 2022-01-01 | $12,907,804 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $4,417 |
| Total interest from all sources | 2022-01-01 | $8,383 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $526,683 |
| Participant contributions at end of year | 2022-01-01 | $187,723 |
| Participant contributions at beginning of year | 2022-01-01 | $181,122 |
| Other income not declared elsewhere | 2022-01-01 | $410 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-1,464,802 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $11,443,002 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $12,907,804 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $8,487,269 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $10,443,945 |
| Interest on participant loans | 2022-01-01 | $8,383 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $2,768,010 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $2,282,737 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-1,995,702 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $36,543 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $238,763 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $275,465 |
| Contract administrator fees | 2022-01-01 | $4,417 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2022-01-01 | 580692043 |
| 2021 : FIRST METRO BANK 401(K) RETIREMENT PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| 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 | $2,537,874 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $1,451,183 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,438,053 |
| Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $8,423 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $787,156 |
| Value of total assets at end of year | 2021-12-31 | $12,907,804 |
| Value of total assets at beginning of year | 2021-12-31 | $11,821,113 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $4,707 |
| Total interest from all sources | 2021-12-31 | $9,649 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $515,404 |
| Participant contributions at end of year | 2021-12-31 | $181,122 |
| Participant contributions at beginning of year | 2021-12-31 | $230,925 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $42,355 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,086,691 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $12,907,804 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $11,821,113 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $10,443,945 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $8,718,968 |
| Interest on participant loans | 2021-12-31 | $9,649 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $2,282,737 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $2,871,220 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $1,711,493 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $29,576 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $229,397 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,438,053 |
| Contract administrator fees | 2021-12-31 | $4,707 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | MAULDIN & JENKINS, LLC |
| Accountancy firm EIN | 2021-12-31 | 580692043 |
