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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
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A. |
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. |
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, 2006 and December 31,
2005
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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, 2006
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December
31, 2006
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January
1, 2005
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December
31, 2005
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|||||
Total
plan assets
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1,210,886
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1,402,889
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876,300
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1,210,886
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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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1,210,886
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1,402,889
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876,300
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1,210,886
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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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Ended
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Ended
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December
31, 2006
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December
31, 2005
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Contributions
received or receivable
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Employers
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117,055
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111,893
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Participants
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251,252
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223,645
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Others
(including rollovers)
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531
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-
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Noncash
contributions
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-
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-
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Other
income
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152,027
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50,365
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Total
Income
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520,865
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385,903
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Benefits
paid
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309,373
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43,905
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Corrective
distributions
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12,268
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1,315
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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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7,221
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6,097
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Total
Expenses
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328,862
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51,317
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Net
Income
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192,003
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334,586
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1.
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financial
information; and
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2.
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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:
/s/
David J. Baranko
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David
J. Baranko
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Chief
Financial Officer
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