401k Plan data: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST plan

NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 401k Plan overview

Plan Name	NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST
Plan identification number	001

NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NORTHERN STATES FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: NORTHERN STATES FINANCIAL CORPORATION

Employer identification number (EIN): 363449727

NAIC Classification: 551111
NAIC Description: Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01 KERRY BIEGAY KERRY BIEGAY 2014-11-17
001 2013-01-01 KERRY BIEGAY KERRY BIEGAY 2014-10-14
001 2012-01-01 KERRY BIEGAY KERRY BIEGAY 2013-10-15
001 2011-01-01 KERRY BIEGAY KERRY BIEGAY 2012-10-15
001 2010-01-01 KERRY BIEGAY KERRY BIEGAY 2011-10-14
001 2009-01-01 KERRY BIEGAY KERRY BIEGAY 2010-07-19

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2014-01-01	KERRY BIEGAY	KERRY BIEGAY	2014-11-17
001	2013-01-01	KERRY BIEGAY	KERRY BIEGAY	2014-10-14
001	2012-01-01	KERRY BIEGAY	KERRY BIEGAY	2013-10-15
001	2011-01-01	KERRY BIEGAY	KERRY BIEGAY	2012-10-15
001	2010-01-01	KERRY BIEGAY	KERRY BIEGAY	2011-10-14
001	2009-01-01	KERRY BIEGAY	KERRY BIEGAY	2010-07-19

Plan Statistics for NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST

401k plan membership statisitcs for NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST

Measure Date Value
2014: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 142
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 129
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 120
Number of other retired or separated participants entitled to future benefits 2013-01-01 22
Total of all active and inactive participants 2013-01-01 142
Total participants 2013-01-01 142
Number of participants with account balances 2013-01-01 129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 138
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 114
Number of other retired or separated participants entitled to future benefits 2012-01-01 15
Total of all active and inactive participants 2012-01-01 129
Total participants 2012-01-01 129
Number of participants with account balances 2012-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 173
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 135
Number of other retired or separated participants entitled to future benefits 2011-01-01 6
Total of all active and inactive participants 2011-01-01 141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 141
Number of participants with account balances 2011-01-01 123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 160
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 137
Number of retired or separated participants receiving benefits 2010-01-01 9
Number of other retired or separated participants entitled to future benefits 2010-01-01 27
Total of all active and inactive participants 2010-01-01 173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 173
Number of participants with account balances 2010-01-01 173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 158
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 128
Number of retired or separated participants receiving benefits 2009-01-01 4
Number of other retired or separated participants entitled to future benefits 2009-01-01 28
Total of all active and inactive participants 2009-01-01 160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 160
Number of participants with account balances 2009-01-01 160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2014: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	142
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	129
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	120
Number of other retired or separated participants entitled to future benefits	2013-01-01	22
Total of all active and inactive participants	2013-01-01	142
Total participants	2013-01-01	142
Number of participants with account balances	2013-01-01	129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	138
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	114
Number of other retired or separated participants entitled to future benefits	2012-01-01	15
Total of all active and inactive participants	2012-01-01	129
Total participants	2012-01-01	129
Number of participants with account balances	2012-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	173
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	135
Number of other retired or separated participants entitled to future benefits	2011-01-01	6
Total of all active and inactive participants	2011-01-01	141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	141
Number of participants with account balances	2011-01-01	123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	160
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	137
Number of retired or separated participants receiving benefits	2010-01-01	9
Number of other retired or separated participants entitled to future benefits	2010-01-01	27
Total of all active and inactive participants	2010-01-01	173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	173
Number of participants with account balances	2010-01-01	173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	158
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	128
Number of retired or separated participants receiving benefits	2009-01-01	4
Number of other retired or separated participants entitled to future benefits	2009-01-01	28
Total of all active and inactive participants	2009-01-01	160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	160
Number of participants with account balances	2009-01-01	160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST

Measure	Date	Value
2014 : NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2014 401k financial data
Total transfer of assets from this plan	2014-01-13	$6,198,752
Total income from all sources (including contributions)	2014-01-13	$-36,045
Total of all expenses incurred	2014-01-13	$377
Value of total assets at beginning of year	2014-01-13	$6,235,174
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-01-13	$377
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-01-13	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2014-01-13	$0
Was this plan covered by a fidelity bond	2014-01-13	Yes
Value of fidelity bond cover	2014-01-13	$2,000,000
If this is an individual account plan, was there a blackout period	2014-01-13	Yes
Were there any nonexempt tranactions with any party-in-interest	2014-01-13	No
Assets. Other investments not covered elsewhere at beginning of year	2014-01-13	$773,165
Total non interest bearing cash at beginning of year	2014-01-13	$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-01-13	No
Value of net income/loss	2014-01-13	$-36,422
Value of net assets at beginning of year (total assets less liabilities)	2014-01-13	$6,235,174
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-01-13	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-01-13	No
Were any leases to which the plan was party in default or uncollectible	2014-01-13	No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-01-13	$5,402,110
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-01-13	$-36,045
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-01-13	No
Was there a failure to transmit to the plan any participant contributions	2014-01-13	No
Has the plan failed to provide any benefit when due under the plan	2014-01-13	No
Assets. Invements in employer securities at beginning of year	2014-01-13	$59,898
Contract administrator fees	2014-01-13	$377
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2014-01-13	Yes
Did the plan have assets held for investment	2014-01-13	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-01-13	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-01-13	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-01-13	Yes
Opinion of an independent qualified public accountant for this plan	2014-01-13	Disclaimer
Accountancy firm name	2014-01-13	PLANTE & MORAN, PLLC
Accountancy firm EIN	2014-01-13	381357951
2013 : NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$-5,135
Total unrealized appreciation/depreciation of assets	2013-12-31	$-5,135
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$1,643
Total income from all sources (including contributions)	2013-12-31	$1,317,338
Total of all expenses incurred	2013-12-31	$859,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$830,834
Value of total corrective distributions	2013-12-31	$26,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$242,005
Value of total assets at end of year	2013-12-31	$6,235,174
Value of total assets at beginning of year	2013-12-31	$5,779,325
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$2,932
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$201,250
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$201,250
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$239,031
Assets. Other investments not covered elsewhere at end of year	2013-12-31	$773,165
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$2,974
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$75
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$1,643
Other income not declared elsewhere	2013-12-31	$213,973
Total non interest bearing cash at end of year	2013-12-31	$1
Total non interest bearing cash at beginning of year	2013-12-31	$5,917
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$457,492
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$6,235,174
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$5,777,682
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$5,402,110
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$5,092,972
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$665,245
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Assets. Invements in employer securities at end of year	2013-12-31	$59,898
Assets. Invements in employer securities at beginning of year	2013-12-31	$82,123
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$830,834
Contract administrator fees	2013-12-31	$2,932
Assets. Corporate common stocks other than exployer securities at beginning of year	2013-12-31	$598,238
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
2012 : NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$11,973
Total unrealized appreciation/depreciation of assets	2012-12-31	$11,973
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$1,643
Total income from all sources (including contributions)	2012-12-31	$852,185
Total loss/gain on sale of assets	2012-12-31	$5,023
Total of all expenses incurred	2012-12-31	$298,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$293,021
Value of total corrective distributions	2012-12-31	$1,916
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$269,314
Value of total assets at end of year	2012-12-31	$5,779,325
Value of total assets at beginning of year	2012-12-31	$5,224,297
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$3,863
Total interest from all sources	2012-12-31	$1
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$116,260
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$92,736
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$269,314
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$641,900
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$75
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$1,643
Administrative expenses (other) incurred	2012-12-31	$88
Total non interest bearing cash at end of year	2012-12-31	$5,917
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$553,385
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$5,777,682
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$5,224,297
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$5,092,972
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$4,504,847
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$449,614
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$82,123
Assets. Invements in employer securities at beginning of year	2012-12-31	$77,550
Income. Dividends from common stock	2012-12-31	$23,524
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$293,021
Contract administrator fees	2012-12-31	$3,775
Assets. Corporate common stocks other than exployer securities at end of year	2012-12-31	$598,238
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$64,571
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$59,548
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	PLANTE & MORAN, PLLC
Accountancy firm EIN	2012-12-31	381357951
2011 : NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$559,319
Total of all expenses incurred	2011-12-31	$1,685,826
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,672,873
Value of total corrective distributions	2011-12-31	$10,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$363,892
Value of total assets at end of year	2011-12-31	$5,224,297
Value of total assets at beginning of year	2011-12-31	$6,350,804
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$2,611
Total interest from all sources	2011-12-31	$59,211
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$78,149
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$78,149
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$333,750
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$641,900
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$30,142
Other income not declared elsewhere	2011-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-1,126,507
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$5,224,297
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$6,350,804
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$4,504,847
Value of interest in common/collective trusts at end of year	2011-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$1,321,549
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$1,321,549
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$59,211
Asset value of US Government securities at beginning of year	2011-12-31	$842,615
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$58,067
Net investment gain or loss from common/collective trusts	2011-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$77,550
Assets. Invements in employer securities at beginning of year	2011-12-31	$193,088
Contributions received in cash from employer	2011-12-31	$0
Income. Dividends from common stock	2011-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,672,873
Asset. Corporate debt instrument preferred debt at beginning of year	2011-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2011-12-31	$356,688
Contract administrator fees	2011-12-31	$2,611
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	Yes
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$3,636,864
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	PLANTE & MORAN, PLLC
Accountancy firm EIN	2011-12-31	381357951
2010 : NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$-134,742
Total unrealized appreciation/depreciation of assets	2010-12-31	$-134,742
Total income from all sources (including contributions)	2010-12-31	$420,844
Total loss/gain on sale of assets	2010-12-31	$108,466
Total of all expenses incurred	2010-12-31	$785,997
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$785,194
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$329,890
Value of total assets at end of year	2010-12-31	$6,350,804
Value of total assets at beginning of year	2010-12-31	$6,715,958
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$803
Total interest from all sources	2010-12-31	$41,530
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$75,700
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$329,890
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-365,153
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$6,350,804
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$6,715,958
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$803
Income. Interest from US Government securities	2010-12-31	$2,032
Income. Interest from corporate debt instruments	2010-12-31	$9
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$1,321,549
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,946,210
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,946,210
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$39,489
Asset value of US Government securities at end of year	2010-12-31	$842,615
Asset value of US Government securities at beginning of year	2010-12-31	$726,259
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$193,088
Assets. Invements in employer securities at beginning of year	2010-12-31	$346,536
Income. Dividends from common stock	2010-12-31	$75,700
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$785,194
Asset. Corporate debt instrument debt (other) at end of year	2010-12-31	$356,688
Asset. Corporate debt instrument debt (other) at beginning of year	2010-12-31	$228,524
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$3,636,864
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$3,468,429
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$108,466
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	DONLAN GOLDMAN & ROTH, P.C.
Accountancy firm EIN	2010-12-31	364166110

Form 5500 Responses for NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST

2014: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	Yes
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: NORTHERN STATES FINANCIAL CORPORATION PROFIT SHARING TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NORTHERN STATES FINANCIAL CORPORATION
Employer identification number (EIN):	363449727
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies