401k Plan data: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Stock bonus
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

CAPITAL BANK CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: CAPITAL BANK CORPORATION

Employer identification number (EIN): 800623883

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about CAPITAL BANK CORPORATION

Jurisdiction of Incorporation: North Carolina Secretary of State

Incorporation Date:

Company Identification Number: 0467220

More information about CAPITAL BANK CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-10-01 BRENDA CUMMINGS
001 2012-10-01 BRENDA CUMMINGS
001 2012-01-01 BRENDA CUMMINGS
001 2011-01-01 BRENDA CUMMINGS

Plan id#	Filing Submission Date	Name of Administrator
001	2013-10-01	BRENDA CUMMINGS
001	2012-10-01	BRENDA CUMMINGS
001	2012-01-01	BRENDA CUMMINGS
001	2011-01-01	BRENDA CUMMINGS

Plan Statistics for 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2013: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-10-01 1
Total number of active participants reported on line 7a of the Form 5500 2013-10-01 0
Number of retired or separated participants receiving benefits 2013-10-01 0
Number of other retired or separated participants entitled to future benefits 2013-10-01 0
Total of all active and inactive participants 2013-10-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-10-01 0
Total participants 2013-10-01 0
Number of participants with account balances 2013-10-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-10-01 0
2012: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-10-01 3
Total number of active participants reported on line 7a of the Form 5500 2012-10-01 0
Number of retired or separated participants receiving benefits 2012-10-01 0
Number of other retired or separated participants entitled to future benefits 2012-10-01 1
Total of all active and inactive participants 2012-10-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-10-01 0
Total participants 2012-10-01 1
Number of participants with account balances 2012-10-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-10-01 0
Total participants, beginning-of-year 2012-01-01 693
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
2011: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 504
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 567
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 126
Total of all active and inactive participants 2011-01-01 693
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 693
Number of participants with account balances 2011-01-01 614
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 15

Measure	Date	Value
2013: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-10-01	1
Total number of active participants reported on line 7a of the Form 5500	2013-10-01	0
Number of retired or separated participants receiving benefits	2013-10-01	0
Number of other retired or separated participants entitled to future benefits	2013-10-01	0
Total of all active and inactive participants	2013-10-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-10-01	0
Total participants	2013-10-01	0
Number of participants with account balances	2013-10-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-10-01	0
2012: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-10-01	3
Total number of active participants reported on line 7a of the Form 5500	2012-10-01	0
Number of retired or separated participants receiving benefits	2012-10-01	0
Number of other retired or separated participants entitled to future benefits	2012-10-01	1
Total of all active and inactive participants	2012-10-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-10-01	0
Total participants	2012-10-01	1
Number of participants with account balances	2012-10-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-10-01	0
Total participants, beginning-of-year	2012-01-01	693
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
2011: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	504
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	567
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	126
Total of all active and inactive participants	2011-01-01	693
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	693
Number of participants with account balances	2011-01-01	614
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	15

Financial Data on 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2014 : 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources	2014-07-31	$9,185
Expenses. Total of all expenses incurred	2014-07-31	$145,840
Benefits paid (including direct rollovers)	2014-07-31	$145,840
Total plan assets at end of year	2014-07-31	$0
Total plan assets at beginning of year	2014-07-31	$136,655
Other income received	2014-07-31	$9,185
Net income (gross income less expenses)	2014-07-31	$-136,655
Net plan assets at end of year (total assets less liabilities)	2014-07-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2014-07-31	$136,655
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-07-31	$0
2013 : 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources	2013-09-30	$49,715
Expenses. Total of all expenses incurred	2013-09-30	$219,058
Benefits paid (including direct rollovers)	2013-09-30	$219,058
Total plan assets at end of year	2013-09-30	$136,655
Total plan assets at beginning of year	2013-09-30	$305,998
Value of fidelity bond covering the plan	2013-09-30	$500,000
Other income received	2013-09-30	$49,715
Net income (gross income less expenses)	2013-09-30	$-169,343
Net plan assets at end of year (total assets less liabilities)	2013-09-30	$136,655
Net plan assets at beginning of year (total assets less liabilities)	2013-09-30	$305,998
Assets. Value of employer securities	2013-09-30	$136,655
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-09-30	$0
2012 : 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-02-01	$0
Total transfer of assets from this plan	2012-02-01	$9,807,128
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-02-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-02-01	$0
Total income from all sources (including contributions)	2012-02-01	$449,800
Total loss/gain on sale of assets	2012-02-01	$49,667
Total of all expenses incurred	2012-02-01	$225,307
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-02-01	$188,918
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-02-01	$0
Value of total assets at end of year	2012-02-01	$0
Value of total assets at beginning of year	2012-02-01	$9,582,635
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-02-01	$36,389
Total interest from all sources	2012-02-01	$140
Total dividends received (eg from common stock, registered investment company shares)	2012-02-01	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-02-01	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-02-01	$0
Was this plan covered by a fidelity bond	2012-02-01	Yes
Value of fidelity bond cover	2012-02-01	$1,000,000
If this is an individual account plan, was there a blackout period	2012-02-01	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-02-01	$0
Were there any nonexempt tranactions with any party-in-interest	2012-02-01	No
Participant contributions at end of year	2012-02-01	$0
Participant contributions at beginning of year	2012-02-01	$49,885
Participant contributions at end of year	2012-02-01	$0
Participant contributions at beginning of year	2012-02-01	$46,853
Administrative expenses (other) incurred	2012-02-01	$198
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-02-01	No
Value of net income/loss	2012-02-01	$224,493
Value of net assets at end of year (total assets less liabilities)	2012-02-01	$0
Value of net assets at beginning of year (total assets less liabilities)	2012-02-01	$9,582,635
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-02-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-02-01	No
Were any leases to which the plan was party in default or uncollectible	2012-02-01	No
Investment advisory and management fees	2012-02-01	$36,191
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-02-01	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-02-01	$7,760,428
Income. Interest from loans (other than to participants)	2012-02-01	$140
Value of interest in common/collective trusts at end of year	2012-02-01	$0
Value of interest in common/collective trusts at beginning of year	2012-02-01	$1,425,473
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-02-01	$399,993
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-02-01	No
Was there a failure to transmit to the plan any participant contributions	2012-02-01	No
Has the plan failed to provide any benefit when due under the plan	2012-02-01	No
Assets. Invements in employer securities at end of year	2012-02-01	$0
Assets. Invements in employer securities at beginning of year	2012-02-01	$299,996
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-02-01	$188,918
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-02-01	Yes
Did the plan have assets held for investment	2012-02-01	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-02-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-02-01	Yes
Aggregate proceeds on sale of assets	2012-02-01	$335,504
Aggregate carrying amount (costs) on sale of assets	2012-02-01	$285,837
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-02-01	Yes
Opinion of an independent qualified public accountant for this plan	2012-02-01	Disclaimer
Accountancy firm name	2012-02-01	PRICE WATERHOUSE COOPERS LLP
Accountancy firm EIN	2012-02-01	134008324
2011 : 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-101,321
Total unrealized appreciation/depreciation of assets	2011-12-31	$-101,321
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	$954,804
Total loss/gain on sale of assets	2011-12-31	$26,507
Total of all expenses incurred	2011-12-31	$2,304,431
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$2,252,098
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$1,210,487
Value of total assets at end of year	2011-12-31	$9,582,635
Value of total assets at beginning of year	2011-12-31	$10,932,262
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$52,333
Total interest from all sources	2011-12-31	$3,283
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$179,908
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$179,908
Administrative expenses professional fees incurred	2011-12-31	$48,562
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$1,171,928
Participant contributions at end of year	2011-12-31	$49,885
Participant contributions at beginning of year	2011-12-31	$43,496
Participant contributions at end of year	2011-12-31	$46,853
Participant contributions at beginning of year	2011-12-31	$44,290
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$38,559
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-1,349,627
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$9,582,635
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$10,932,262
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$7,760,428
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$8,861,769
Income. Interest from loans (other than to participants)	2011-12-31	$3,280
Income. Interest from corporate debt instruments	2011-12-31	$3
Value of interest in common/collective trusts at end of year	2011-12-31	$1,425,473
Value of interest in common/collective trusts at beginning of year	2011-12-31	$1,641,302
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-394,934
Net investment gain or loss from common/collective trusts	2011-12-31	$30,874
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$299,996
Assets. Invements in employer securities at beginning of year	2011-12-31	$341,405
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$2,252,098
Contract administrator fees	2011-12-31	$3,771
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$107,907
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$81,400
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	PRICE WATERHOUSE COOPERS LLP
Accountancy firm EIN	2011-12-31	134008324

Form 5500 Responses for 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2013: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-10-01	Type of plan entity	Single employer plan
2013-10-01	Submission has been amended	No
2013-10-01	This submission is the final filing	Yes
2013-10-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-10-01	Plan is a collectively bargained plan	No
2013-10-01	Plan funding arrangement – Trust	Yes
2013-10-01	Plan benefit arrangement - Trust	Yes
2012: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-10-01	Type of plan entity	Single employer plan
2012-10-01	Submission has been amended	No
2012-10-01	This submission is the final filing	No
2012-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-10-01	Plan is a collectively bargained plan	No
2012-10-01	Plan funding arrangement – Trust	Yes
2012-10-01	Plan benefit arrangement - Trust	Yes
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: 1ST STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CAPITAL BANK CORPORATION
Employer identification number (EIN):	800623883
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	0467220