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LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 401k Plan overview

Plan NameLAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN
Plan identification number 001

LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

LAPEER COUNTY BANK & TRUST CO. TRUST DEPARTMENT has sponsored the creation of one or more 401k plans.

Company Name:LAPEER COUNTY BANK & TRUST CO. TRUST DEPARTMENT
Employer identification number (EIN):380746239
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01BRUCE CADY2020-10-08
0012018-01-01BRUCE CADY2019-10-09
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01BRUCE CADY
0012013-01-01BRUCE CADY
0012012-01-01BRUCE CADY
0012011-01-01BRUCE CADY
0012010-01-01BRUCE CADY
0012009-01-01BRUCE CADY

Plan Statistics for LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN

401k plan membership statisitcs for LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN

Measure Date Value
2019: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01182
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01182
Total number of active participants reported on line 7a of the Form 55002018-01-01129
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0153
Total of all active and inactive participants2018-01-01182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01182
Number of participants with account balances2018-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01206
Total number of active participants reported on line 7a of the Form 55002017-01-01139
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0141
Total of all active and inactive participants2017-01-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01182
Number of participants with account balances2017-01-01177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01127
Total number of active participants reported on line 7a of the Form 55002016-01-0180
Number of retired or separated participants receiving benefits2016-01-016
Number of other retired or separated participants entitled to future benefits2016-01-0146
Total of all active and inactive participants2016-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01132
Number of participants with account balances2016-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01154
Total number of active participants reported on line 7a of the Form 55002015-01-0177
Number of retired or separated participants receiving benefits2015-01-014
Number of other retired or separated participants entitled to future benefits2015-01-0142
Total of all active and inactive participants2015-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01123
Number of participants with account balances2015-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-014
2014: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01129
Total number of active participants reported on line 7a of the Form 55002014-01-01123
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0136
Total of all active and inactive participants2014-01-01159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01159
Number of participants with account balances2014-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01126
Total number of active participants reported on line 7a of the Form 55002013-01-0190
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0130
Total of all active and inactive participants2013-01-01120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01120
Number of participants with account balances2013-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01122
Total number of active participants reported on line 7a of the Form 55002012-01-0191
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0126
Total of all active and inactive participants2012-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01117
Number of participants with account balances2012-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01127
Total number of active participants reported on line 7a of the Form 55002011-01-0197
Number of retired or separated participants receiving benefits2011-01-0125
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01122
2010: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01127
Total number of active participants reported on line 7a of the Form 55002010-01-01107
Number of retired or separated participants receiving benefits2010-01-0120
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01127
Number of participants with account balances2010-01-01127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01107
Total number of active participants reported on line 7a of the Form 55002009-01-01107
Number of retired or separated participants receiving benefits2009-01-0117
Total of all active and inactive participants2009-01-01124
Total participants2009-01-01124

Financial Data on LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN

Measure Date Value
2019 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$-286,787
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$-286,787
Total unrealized appreciation/depreciation of assets2019-12-31$-286,787
Total unrealized appreciation/depreciation of assets2019-12-31$-286,787
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$21,510
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$21,510
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,024,679
Total loss/gain on sale of assets2019-12-31$1,854,158
Total loss/gain on sale of assets2019-12-31$1,854,158
Total of all expenses incurred2019-12-31$10,581,904
Total of all expenses incurred2019-12-31$10,581,904
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$10,580,590
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$10,580,590
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$755,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$755,000
Value of total assets at end of year2019-12-31$21,510
Value of total assets at end of year2019-12-31$21,510
Value of total assets at beginning of year2019-12-31$8,557,225
Value of total assets at beginning of year2019-12-31$8,557,225
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,314
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,314
Total interest from all sources2019-12-31$67,200
Total interest from all sources2019-12-31$67,200
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$90,804
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$90,804
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$40,918
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$40,918
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$429
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$429
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$1,314
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$1,314
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$21,081
Total non interest bearing cash at end of year2019-12-31$21,081
Total non interest bearing cash at beginning of year2019-12-31$2,248
Total non interest bearing cash at beginning of year2019-12-31$2,248
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-8,557,225
Value of net income/loss2019-12-31$-8,557,225
Value of net assets at end of year (total assets less liabilities)2019-12-31$0
Value of net assets at end of year (total assets less liabilities)2019-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,557,225
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,557,225
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,940,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,940,884
Income. Interest from US Government securities2019-12-31$20,516
Income. Interest from US Government securities2019-12-31$20,516
Income. Interest from corporate debt instruments2019-12-31$34,360
Income. Interest from corporate debt instruments2019-12-31$34,360
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$221,250
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$221,250
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$221,250
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$221,250
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$12,324
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$12,324
Asset value of US Government securities at end of year2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$0
Asset value of US Government securities at beginning of year2019-12-31$980,719
Asset value of US Government securities at beginning of year2019-12-31$980,719
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$-455,696
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$-455,696
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$755,000
Contributions received in cash from employer2019-12-31$755,000
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$695,990
Employer contributions (assets) at beginning of year2019-12-31$695,990
Income. Dividends from common stock2019-12-31$49,886
Income. Dividends from common stock2019-12-31$49,886
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$10,580,590
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$10,580,590
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$1,243,915
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$1,243,915
Contract administrator fees2019-12-31$1,314
Contract administrator fees2019-12-31$1,314
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$2,472,219
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$2,472,219
Liabilities. Value of benefit claims payable at end of year2019-12-31$20,196
Liabilities. Value of benefit claims payable at end of year2019-12-31$20,196
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31No
Did the plan have assets held for investment2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31Yes
Aggregate proceeds on sale of assets2019-12-31$14,891,420
Aggregate proceeds on sale of assets2019-12-31$14,891,420
Aggregate carrying amount (costs) on sale of assets2019-12-31$13,037,262
Aggregate carrying amount (costs) on sale of assets2019-12-31$13,037,262
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm EIN2019-12-31350921680
Accountancy firm EIN2019-12-31350921680
2018 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-763,707
Total unrealized appreciation/depreciation of assets2018-12-31$-763,707
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$313,812
Total loss/gain on sale of assets2018-12-31$257,699
Total of all expenses incurred2018-12-31$636,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$636,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$703,116
Value of total assets at end of year2018-12-31$8,557,225
Value of total assets at beginning of year2018-12-31$8,880,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$49,071
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$154,400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$95,737
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Other income not declared elsewhere2018-12-31$44,798
Total non interest bearing cash at end of year2018-12-31$2,248
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-322,796
Value of net assets at end of year (total assets less liabilities)2018-12-31$8,557,225
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,880,021
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,940,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,109,803
Income. Interest from US Government securities2018-12-31$12,266
Income. Interest from corporate debt instruments2018-12-31$34,969
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$221,250
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$210,992
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$210,992
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$1,836
Asset value of US Government securities at end of year2018-12-31$980,719
Asset value of US Government securities at beginning of year2018-12-31$879,807
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-131,565
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$703,116
Employer contributions (assets) at end of year2018-12-31$695,990
Employer contributions (assets) at beginning of year2018-12-31$551,093
Income. Dividends from common stock2018-12-31$58,663
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$636,608
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$1,243,915
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$1,029,819
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$2,472,219
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$3,098,507
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$1,463,692
Aggregate carrying amount (costs) on sale of assets2018-12-31$1,205,993
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CROWE LLP
Accountancy firm EIN2018-12-31350921680
2017 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$405,135
Total unrealized appreciation/depreciation of assets2017-12-31$405,135
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,619,158
Total loss/gain on sale of assets2017-12-31$142,975
Total of all expenses incurred2017-12-31$1,077,973
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,077,973
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$551,093
Value of total assets at end of year2017-12-31$8,880,021
Value of total assets at beginning of year2017-12-31$8,338,836
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$43,433
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$156,742
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$2,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$1,233
Other income not declared elsewhere2017-12-31$-1,233
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$541,185
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,880,021
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$8,338,836
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,109,803
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,784,194
Income. Interest from US Government securities2017-12-31$11,191
Income. Interest from corporate debt instruments2017-12-31$31,334
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$210,992
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$65,298
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$65,298
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$908
Asset value of US Government securities at end of year2017-12-31$879,807
Asset value of US Government securities at beginning of year2017-12-31$1,006,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$321,013
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$551,093
Employer contributions (assets) at end of year2017-12-31$551,093
Employer contributions (assets) at beginning of year2017-12-31$317,000
Income. Dividends from preferred stock2017-12-31$54,812
Income. Dividends from common stock2017-12-31$101,930
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,077,973
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$1,029,819
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$1,230,346
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$3,098,507
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$2,934,045
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$1,856,490
Aggregate carrying amount (costs) on sale of assets2017-12-31$1,713,515
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CROWE LLP
Accountancy firm EIN2017-12-31350921680
2016 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$70,880
Total unrealized appreciation/depreciation of assets2016-12-31$70,880
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$782,067
Total loss/gain on sale of assets2016-12-31$82,364
Total of all expenses incurred2016-12-31$408,709
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$408,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$317,000
Value of total assets at end of year2016-12-31$8,338,836
Value of total assets at beginning of year2016-12-31$7,965,478
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$47,376
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$127,462
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$85,794
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$1,233
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$1,233
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$373,358
Value of net assets at end of year (total assets less liabilities)2016-12-31$8,338,836
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$7,965,478
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,784,194
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,952,178
Income. Interest from US Government securities2016-12-31$13,971
Income. Interest from corporate debt instruments2016-12-31$32,749
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$65,298
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$136,125
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$136,125
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$656
Asset value of US Government securities at end of year2016-12-31$1,006,720
Asset value of US Government securities at beginning of year2016-12-31$840,758
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$135,752
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$317,000
Employer contributions (assets) at end of year2016-12-31$317,000
Employer contributions (assets) at beginning of year2016-12-31$357,800
Income. Dividends from common stock2016-12-31$41,668
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$408,709
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$1,230,346
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$1,182,658
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$2,934,045
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$2,495,959
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$2,003,478
Aggregate carrying amount (costs) on sale of assets2016-12-31$1,921,114
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CROWE HORWATH LLP
Accountancy firm EIN2016-12-31350921680
2015 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-206,167
Total unrealized appreciation/depreciation of assets2015-12-31$-206,167
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$406,322
Total loss/gain on sale of assets2015-12-31$244,238
Total of all expenses incurred2015-12-31$499,143
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$499,143
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$357,800
Value of total assets at end of year2015-12-31$7,965,478
Value of total assets at beginning of year2015-12-31$8,058,299
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$53,257
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$105,799
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$49,289
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-92,821
Value of net assets at end of year (total assets less liabilities)2015-12-31$7,965,478
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$8,058,299
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$2,952,178
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,535,409
Income. Interest from US Government securities2015-12-31$15,662
Income. Interest from corporate debt instruments2015-12-31$37,435
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$136,125
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$283,211
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$283,211
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$160
Asset value of US Government securities at end of year2015-12-31$840,758
Asset value of US Government securities at beginning of year2015-12-31$726,583
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-148,605
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$357,800
Employer contributions (assets) at end of year2015-12-31$357,800
Employer contributions (assets) at beginning of year2015-12-31$364,000
Income. Dividends from common stock2015-12-31$56,510
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$499,143
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$1,182,658
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$1,125,215
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$2,495,959
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$3,023,881
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$2,078,061
Aggregate carrying amount (costs) on sale of assets2015-12-31$1,833,823
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31CROWE HORWATH LLP
Accountancy firm EIN2015-12-31350921680
2014 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$50,488
Total unrealized appreciation/depreciation of assets2014-12-31$50,488
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$903,037
Total loss/gain on sale of assets2014-12-31$200,424
Total of all expenses incurred2014-12-31$175,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$175,514
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$364,000
Value of total assets at end of year2014-12-31$8,058,299
Value of total assets at beginning of year2014-12-31$7,330,776
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$48,308
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$112,307
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$38,668
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$4,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$727,523
Value of net assets at end of year (total assets less liabilities)2014-12-31$8,058,299
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$7,330,776
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,535,409
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,463,303
Income. Interest from US Government securities2014-12-31$16,274
Income. Interest from corporate debt instruments2014-12-31$31,970
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$283,211
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$260,319
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$260,319
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$64
Asset value of US Government securities at end of year2014-12-31$726,583
Asset value of US Government securities at beginning of year2014-12-31$642,683
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$127,510
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$364,000
Employer contributions (assets) at end of year2014-12-31$364,000
Employer contributions (assets) at beginning of year2014-12-31$346,000
Income. Dividends from common stock2014-12-31$73,639
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$175,514
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$1,125,215
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$1,173,441
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$3,023,881
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$2,445,030
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$2,110,945
Aggregate carrying amount (costs) on sale of assets2014-12-31$1,910,521
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31CROWE HORWATH LLP
Accountancy firm EIN2014-12-31350921680
2013 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$403,026
Total unrealized appreciation/depreciation of assets2013-12-31$403,026
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,293,217
Total loss/gain on sale of assets2013-12-31$182,469
Total of all expenses incurred2013-12-31$140,299
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$140,299
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$346,000
Value of total assets at end of year2013-12-31$7,330,776
Value of total assets at beginning of year2013-12-31$6,177,858
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$48,952
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$89,265
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$34,069
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$4,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,152,918
Value of net assets at end of year (total assets less liabilities)2013-12-31$7,330,776
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$6,177,858
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$2,463,303
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,744,722
Income. Interest from US Government securities2013-12-31$10,477
Income. Interest from corporate debt instruments2013-12-31$38,260
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$260,319
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$349,136
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$349,136
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$215
Asset value of US Government securities at end of year2013-12-31$642,683
Asset value of US Government securities at beginning of year2013-12-31$411,320
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$223,505
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$346,000
Employer contributions (assets) at end of year2013-12-31$346,000
Employer contributions (assets) at beginning of year2013-12-31$186,000
Income. Dividends from common stock2013-12-31$55,196
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$140,299
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$1,173,441
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$986,209
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$2,445,030
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$2,500,471
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$1,357,046
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,174,577
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31CROWE HORWATH LLP
Accountancy firm EIN2013-12-31350921680
2012 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$321,397
Total unrealized appreciation/depreciation of assets2012-12-31$321,397
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$719,667
Total loss/gain on sale of assets2012-12-31$-105,776
Total of all expenses incurred2012-12-31$456,347
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$456,347
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$186,000
Value of total assets at end of year2012-12-31$6,177,858
Value of total assets at beginning of year2012-12-31$5,914,538
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$44,000
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$95,800
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$39,886
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$4,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$263,320
Value of net assets at end of year (total assets less liabilities)2012-12-31$6,177,858
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$5,914,538
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$1,744,722
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,044,143
Income. Interest from US Government securities2012-12-31$8,406
Income. Interest from corporate debt instruments2012-12-31$35,106
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$349,136
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$194,234
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$194,234
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$488
Asset value of US Government securities at end of year2012-12-31$411,320
Asset value of US Government securities at beginning of year2012-12-31$300,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$178,246
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$186,000
Employer contributions (assets) at end of year2012-12-31$186,000
Employer contributions (assets) at beginning of year2012-12-31$212,000
Income. Dividends from common stock2012-12-31$55,914
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$456,347
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$986,209
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$864,112
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$2,500,471
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$2,299,329
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$1,612,035
Aggregate carrying amount (costs) on sale of assets2012-12-31$1,717,811
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31CROWE HORWATH LLP
Accountancy firm EIN2012-12-31350921680
2011 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$-16,431
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$46,504
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$46,504
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$212,000
Value of total assets at end of year2011-12-31$5,914,538
Value of total assets at beginning of year2011-12-31$5,977,473
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$32,010
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$103,785
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-62,935
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,914,538
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,977,473
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,044,143
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,108,221
Income. Interest from US Government securities2011-12-31$3,069
Income. Interest from corporate debt instruments2011-12-31$28,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$194,234
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,512,701
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,512,701
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$623
Asset value of US Government securities at end of year2011-12-31$300,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-364,226
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$212,000
Employer contributions (assets) at end of year2011-12-31$212,000
Employer contributions (assets) at beginning of year2011-12-31$75,000
Income. Dividends from common stock2011-12-31$103,785
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$46,504
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$864,112
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$2,299,329
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$2,281,551
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31REHMANN ACCOUNTING, LLC
Accountancy firm EIN2011-12-31383635706
2010 : LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$747,252
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$239,842
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$239,842
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$75,000
Value of total assets at end of year2010-12-31$5,977,473
Value of total assets at beginning of year2010-12-31$5,470,063
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$26,274
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$113,975
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$507,410
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,977,473
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,470,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,108,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,939,623
Interest earned on other investments2010-12-31$16,854
Income. Interest from US Government securities2010-12-31$9,236
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,512,701
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$99,036
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$99,036
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$184
Asset value of US Government securities at beginning of year2010-12-31$373,340
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$532,003
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$75,000
Employer contributions (assets) at end of year2010-12-31$75,000
Employer contributions (assets) at beginning of year2010-12-31$52,000
Income. Dividends from common stock2010-12-31$113,975
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$239,842
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$2,281,551
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$1,006,064
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31REHMANN ACCOUNTING
Accountancy firm EIN2010-12-31383635706

Form 5500 Responses for LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN

2019: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: LAPEER COUNTY BANK & TRUST CO. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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