2024-10-15T17:06:56-07:00 2023-12-31 990 2023-01-01 856091798 FIRST AMERICAN BANK WELFARE BENEFIT PLAN FIRS 5757368935 PO Box AA Artesia NM 882107526 Brett deMilliano EVP\CFO 5757368935 2024-10-15 1 2023 2024-10-15 13:58:12Z Brett deMilliano 303 W Main Street Artesia NM 88210 2304522 0 X X VEBA 1987 NM Employee Welfare Benefits Plan to provide health, medical and similar benefits. This plan is self-insured. 0 0 0 0 0 0 0 0 2234347 2293798 1069 10724 0 0 2235416 2304522 0 0 1577561 1720370 0 0 0 0 0 573474 634707 2151035 2355077 84381 -50555 252282 201727 0 0 252282 201727 Employee Welfare Benefits Plan to provide health, medical and similar benefits. The plan is self-insured. 0 0 0 0 0 Part IX Item 4 - Benefits paid to or for members Admin/Prov/Cap Fees Vision Premiums Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X Amanda Gay 5757368916 PO Box AA Artesia NM 882107526 Brett deMilliano EVP\CFO 0 0.00 X 0 0 0 0 0 0 0 0 0 0 0 0 Employer Contribs-Health\Medical 900099 1655000 1655000 0 0 Employer Contributions 900099 638798 638798 0 0 0 0 0 0 2293798 10724 0 0 10724 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2304522 2293798 0 10724 0 0 0 1720370 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Admin/Prov/Cap Fees 611118 Vision Premiums 19802 3787 2355077 0 0 0 252282 201727 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 252282 201727 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 252282 201727 0 0 252282 201727 252282 201727 -50555 0 0 0 0 0 X 0 1 X 0 0 0 Other Liabilities 0 0 X 2304522 0 0 0 0 0 2304522 0 0 0 2304522 2355077 0 0 0 0 0 2355077 0 0 0 2355077 Schedule D, Part X, Line 2 The Plan was established to hold the assets as intended to pursuant to Section 501(c)9 of the Internal Revenue Code and accordingly the Plan's net investment income is exempt from income taxes. The Plan obtained a favorable tax determination letter from the IRS and the Plan sponsor believes the Plan, as amended, continues to qualify and to operate in accordance with applicable provisions of the IRS. In accordance with guidance on accounting for uncertainty in income taxes, the plan administrator has evaluated the Plan's tax positions and does not believe the Plan has any uncertain positions that require disclosure or adjustment to the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for the years prior to 2021. Form 990, Part VI, Section A, Line 8a These questions do not apply to a 5019(c)9 Voluntary Employee Benefits Association Plan ("VEBA") like the First American Bank Welfare Benefits Plan. It does not have a governing body, members, officers, directors or employees, nor does it have business policies to govern such. The Plan Sponsor of the Welfare Benefits Plan is First American Bank. Form 990 is prepared and reviewed by the Bank accounting department and reviewed by the independent audit firm. Form 990, Part VI, Section A, Line 8b These questions do not apply to a 5019(c)9 Voluntary Employee Benefits Association Plan ("VEBA") like the First American Bank Welfare Benefits Plan. It does not have a governing body, members, officers, directors or employees, nor does it have business policies to govern such. The Plan Sponsor of the Welfare Benefits Plan is First American Bank. Form 990 is prepared and reviewed by the Bank accounting department and reviewed by the independent audit firm. Form 990, Part VI, Section B, Line 11b These questions do not apply to a 5019(c)9 Voluntary Employee Benefits Association Plan ("VEBA") like the First American Bank Welfare Benefits Plan. It does not have a governing body, members, officers, directors or employees, nor does it have business policies to govern such. The Plan Sponsor of the Welfare Benefits Plan is First American Bank. Form 990 is prepared and reviewed by the Bank accounting department and reviewed by the independent audit firm. Form 990, Part VI, Section C, Line 19 These questions do not apply to a 5019(c)9 Voluntary Employee Benefits Association Plan ("VEBA") like the First American Bank Welfare Benefits Plan. It does not have a governing body, members, officers, directors or employees, nor does it have business policies to govern such. The Plan Sponsor of the Welfare Benefits Plan is First American Bank. Form 990 is prepared and reviewed by the Bank accounting department and reviewed by the independent audit firm. First American Bank 303 W Main Street Artesia NM 88210 850020635 Commercial Bank NM S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0