Original filing (PDF)20251014150118NAL0006540994001

BANK INDEPENDENT

Name: BANK INDEPENDENT — BANK INDEPENDENT STOCK BONUS PLAN, Form 5500 (2024)
Creator: BANK INDEPENDENT

Form 5500

FILING_RECEIVED

BANK INDEPENDENT STOCK BONUS PLAN

Defined-contribution retirement plan

Signals · 3

94% in single holding94% employer stockNo recordkeeper disclosed

Active participants

543

Accounts w/ balance

Plan assets (EOY)

$2.1M

Net assets (EOY)

$2.1M

How this plan invests

This plan

2 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade B

Above-average plan

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

Total plan cost

Vendor stack

Participation health

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BANK INDEPENDENT.

Plan sponsor

Name

BANK INDEPENDENT

EIN

63-0260951

Address

426 VETERANS DRIVE · SHEFFIELD, AL · 35630

Phone

(256) 386-5000

Industry

Commercial Banking· Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2I · Stock bonus

2O · ESOP (non-leveraged)

3I · Requires investment in employer securities

Audit & trust (Schedule H)

Auditor

CROWE LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

No Schedule C providers reported

Investments

2 direct securities· $2.1M(100% of reported assets)

PI	Investment	Type	Shares / units	Cost	Current value	% of plan
	BancIndependent, Incorporated Common Stock	—	—	$179K	$2.0M	94.5%
	BancIndependent, Incorporated Bank Deposit Account, interest rate is 0.05%	—	—	$117K	$117K	5.5%

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