EX-1 3 dex1.htm 401(K) PROFIT SHARING PLAN 401(K) Profit Sharing Plan

EXHIBIT 1

 

 

 

 

 

 

 

COMMUNITY NATIONAL BANK

401(k) PROFIT SHARING PLAN

 

 

FINANCIAL REPORT

 

DECEMBER 31, 1999

 


C O N T E N T S

 

     Page

UNAUDITED FINANCIAL STATEMENTS     

Statement of Net Assets Available for Benefits

   1

Statement of Changes in Net Assets Available for Benefits

   2

 


COMMUNITY NATIONAL BANK 401(k) PROFIT SHARING PLAN

 

STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS

December 31, 1999


    

UNAUDITED

1999


ASSETS

      

Investments

      

Deposits with Principal Life Insurance Company

      

Pooled separate accounts, at fair value

   $ 1,113,548

Guaranteed interest accounts, at fair value

     102,248

Participant loans

     26,476

Employer Security, Community Bancorp, Inc.

     322,756
    

Net assets available for benefits

   $ 1,565,028
    


COMMUNITY NATIONAL BANK 401(k) PROFIT SHARING PLAN

 

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

Year Ended December 31, 1999


 

    

UNAUDITED

1999


ADDITIONS

      

Investment income

   $ 111,028

Contributions

      

Employer

     106,525

Participants

     304,340
    

Total additions

     521,893
    

DEDUCTIONS

      

Benefits paid

     125,890

Administrative expenses

     940
    

Total deductions

     126,830
    

Increase in Net Assets Available for Benefits

     395,063

Net Assets Available for Benefits

      

Beginning of year

     1,169,965
    

End of year

   $ 1,565,028
    

 

2