x
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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o
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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A.
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Full
title of the plan and the address of the plan, if different from
that of
the issuer named below:
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B.
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Name
of issuer of the securities held pursuant to the plan and the address
of
its principal executive office:
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Albany
Bank & Trust 401(K) Profit Sharing Plan
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Sponsored
by Albany Bank & Trust, N.A.
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Financial
Information -- Small Plan
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from
Schedule I of the Annual Report on Form 5500 for the plan years
ended
December 31, 2005 and December 31, 2004
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Plan
Assets and Liabilities:
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|||||||||||||
As
of
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As
of
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As
of
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As
of
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||||||||||
January
1, 2005
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December
31, 2005
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January
1, 2004
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December
31, 2004
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||||||||||
Total
plan assets
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876,300
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1,210,886
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663,759
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876,300
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|||||||||
Total
plan liabilities
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-
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-
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-
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-
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|||||||||
Net
Plan assets
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876,300
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1,210,886
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663,759
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876,300
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Income,
Expenses, and Transfers for the Plan Year:
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For
the Plan Year
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For
the Plan Year
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|||||||||||
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Ended
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Ended
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|||||||||||
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December
31, 2005
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December
31, 2004
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|||||||||||
Contributions
received or receivable
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|||||||||||||
Employers
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111,893
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82,009
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|||||||||||
Participants
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223,645
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164,274
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|||||||||||
Others
(including rollovers)
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-
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17,567
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|||||||||||
Noncash
contributions
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-
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-
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|||||||||||
Other
income
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50,365
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39,256
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|||||||||||
Total
Income
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385,903
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303,106
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|||||||||||
Benefits
paid
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43,905
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81,939
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|||||||||||
Corrective
distributions
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1,315
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3,792
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|||||||||||
Certain
deemed distributions of participant loans
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-
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-
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|||||||||||
Other
expenses
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6,097
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4,834
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|||||||||||
Total
Expenses
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51,317
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90,565
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|||||||||||
Net
Income
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334,586
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212,541
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1. |
financial
information; and
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2. |
information
regarding any common or collective trusts, pooled separate accounts,
master trusts or 103-12 investment entities in which the plan
participates.
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THE
ALBANY BANK & TRUST
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SECTION
401(K) PROFIT SHARING PLAN
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By:
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/s/
David J. Baranko
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David
J. Baranko
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Chief
Financial Officer
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