0001558370-16-006596.txt : 20160708 0001558370-16-006596.hdr.sgml : 20160708 20160708110024 ACCESSION NUMBER: 0001558370-16-006596 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160708 DATE AS OF CHANGE: 20160708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Equitable Financial Corp. CENTRAL INDEX KEY: 0001635626 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37489 FILM NUMBER: 161758090 BUSINESS ADDRESS: STREET 1: 113 N. LOCUST ST. CITY: GRAND ISLAND STATE: NE ZIP: 68801 BUSINESS PHONE: 308-382-3136 MAIL ADDRESS: STREET 1: 113 N. LOCUST ST. CITY: GRAND ISLAND STATE: NE ZIP: 68801 11-K 1 eqfn-20151231x11k.htm 11-K eqfn_Current_Folio_11K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 11-K

 

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

 

 

For the fiscal year ended December 31, 2015

 

 

OR

 

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES ECXHANGE ACT OF 1934.

 

 

 

For the transition period from ____________ to ____________

 

 

Commission File Number 001-37489

 

A.

Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

Equitable Bank Employees’ Savings and Profit Sharing Plan

 

B.

Name of issuer of the securities held pursuant to the plan and the address of its principal executive officer:

 

Equitable Financial Corp.

113 N. Locust St

Grand Island, NE 68801

 

 

 


 

Page 2 of 4

SUMMARY ANNUAL REPORT

 

This is a summary of the annual report for Equitable Bank Employees’ Savings & Profit Sharing Plan (Employer Identification Number 47-0151910) for the plan year January 1, 2015 through December 31, 2015.  The annual report has been filled with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

 

Basic Financial Statement

 

Benefits under the plan are provided by a combination of funding arrangements. Plan expenses were $435,169. These expenses included $9,571 in administrative expenses and $425,598 in benefits paid to participants and beneficiaries, and $0 in other expenses. A total of 70 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

 

The value of plan assets, after subtracting liabilities of the plan, was $3,084,798 as of December 31, 2015, compared to $2,890,242 as of January 01, 2015. During the plan year, the plan experienced an increase in its net assets of $194,556. This increase includes unrealized appreciation or depreciation in the value of the plan assets; that is, the difference between the value of plan's assets at the end of the year and the value of the assets at the beginning of the year or cost of assets acquired during the year. The plan had total income of $629,725, including employer contributions of $83,524, employee contributions of $253,822, and earnings from investments of $291,218.

 

Your Rights to Additional Information

 

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report:

- Financial information

- Insurance information including sales commissions paid by insurance carriers

- Information regarding any common or collective trusts, pooled separate accounts; master trusts or 103-12 investment entities in which the plan participates

 

To obtain a copy of the full annual report, or any part thereof, write or call

 

EQUITABLE BANK

113 NORTH LOCUST STREET

GRAND ISLAND, NE 68801-6003

(308) 382-3136.

 

The charge to cover copying costs will be $1.00 for the full annual report, or $.10 per page for any part thereof.

 

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual


 

Page 3 of 4

report from the plan administrator, these two statements and accompanying notes will be included as part of that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge. You also have the legally protected right to examine the annual report at the main office of the plan

 

113 NORTH LOCUST STREET

GRAND ISLAND, NE 68801-6003

 

and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210. The plan has met the requirements to waive the annual examination and report of an independent qualified public accountant. As of the end of the plan year, the following regulated financial institutions held or issued plan assets that qualified under the waiver.

 

 

 

Participant Loans

$
49,510.00 

Principal Funds Inc

$
1,495,218.84 

MFS Investment Management

$
33,509.55 

Principal Life Insurance Company

$
106,850.64 

Principal Trust Company

$
394,923.18 

Lord Abbett

$
14,621.40 

Ivy Investment Management Co

$
40,365.25 

Goldman Sachs

$
26,199.65 

JP Morgan Funds

$
36,598.88 

Eagle Financial Services, Inc.

$
29,356.08 

Equitable Financial Corp

$
857,644.29 

 

The plan has been issued a fidelity bond by TRAVELERS in the amount of $3,000,000. The bond protects the plan against losses through fraud or dishonesty and covers any person handling plan assets. You have the right to examine or receive from the plan administrator, on request and at no charge, copies of statements from the regulated financial institutions noted above describing the qualifying plan assets and evidence of the required bond. If you are unable to examine or obtain these documents, contact the Regional Office of the U.S. Department of Labor's Pension and Welfare Benefits Administration.

 

 


 

Page 4 of 4

SIGNATURES

 

The Plan.  Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly ceased this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

Equitable Bank Employees’ Savings & Profit Sharing Plan

 

 

 

Date:  July 8, 2016

By:

/s/ April Jilg

 

 

April Jilg, Plan Trustee