401k Plan data: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Stock bonus
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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

SOUTHERN MICHIGAN BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name: SOUTHERN MICHIGAN BANCORP, INC.

Employer identification number (EIN): 382407501

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01 MATTHEW MOSES
002 2016-01-01 SUSAN L. WHITE
002 2015-01-01 SUSAN L. WHITE
002 2015-01-01 SUSAN L. WHITE
002 2015-01-01
002 2014-01-01 SUSAN L. WHITE
002 2013-01-01 SUSAN L. WHITE
002 2012-01-01 SUSAN L. WHITE
002 2011-01-01 SUSAN L. WHITE SUSAN L. WHITE 2012-07-26

Plan Statistics for SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 255
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 214
Number of retired or separated participants receiving benefits 2022-01-01 5
Number of other retired or separated participants entitled to future benefits 2022-01-01 74
Total of all active and inactive participants 2022-01-01 293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 293
Number of participants with account balances 2022-01-01 293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 241
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 196
Number of retired or separated participants receiving benefits 2021-01-01 18
Number of other retired or separated participants entitled to future benefits 2021-01-01 41
Total of all active and inactive participants 2021-01-01 255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 255
Number of participants with account balances 2021-01-01 255
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 221
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 187
Number of retired or separated participants receiving benefits 2020-01-01 21
Number of other retired or separated participants entitled to future benefits 2020-01-01 32
Total of all active and inactive participants 2020-01-01 240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 240
Number of participants with account balances 2020-01-01 240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 215
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 188
Number of retired or separated participants receiving benefits 2019-01-01 14
Number of other retired or separated participants entitled to future benefits 2019-01-01 16
Total of all active and inactive participants 2019-01-01 218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 218
Number of participants with account balances 2019-01-01 218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 234
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 173
Number of retired or separated participants receiving benefits 2018-01-01 10
Number of other retired or separated participants entitled to future benefits 2018-01-01 22
Total of all active and inactive participants 2018-01-01 205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 205
Number of participants with account balances 2018-01-01 205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 210
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 186
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 56
Total of all active and inactive participants 2017-01-01 242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 242
Number of participants with account balances 2017-01-01 224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 199
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 177
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 33
Total of all active and inactive participants 2016-01-01 210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 210
Number of participants with account balances 2016-01-01 187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 196
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 171
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 27
Total of all active and inactive participants 2015-01-01 198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 199
Number of participants with account balances 2015-01-01 181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 199
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 161
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 34
Total of all active and inactive participants 2014-01-01 195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 196
Number of participants with account balances 2014-01-01 174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 204
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 167
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 30
Total of all active and inactive participants 2013-01-01 198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 199
Number of participants with account balances 2013-01-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 197
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 180
Number of retired or separated participants receiving benefits 2012-01-01 3
Number of other retired or separated participants entitled to future benefits 2012-01-01 20
Total of all active and inactive participants 2012-01-01 203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 204
Number of participants with account balances 2012-01-01 175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 201
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 176
Number of retired or separated participants receiving benefits 2011-01-01 1
Number of other retired or separated participants entitled to future benefits 2011-01-01 19
Total of all active and inactive participants 2011-01-01 196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 197
Number of participants with account balances 2011-01-01 178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0

Measure	Date	Value
2022: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	255
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	214
Number of retired or separated participants receiving benefits	2022-01-01	5
Number of other retired or separated participants entitled to future benefits	2022-01-01	74
Total of all active and inactive participants	2022-01-01	293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	293
Number of participants with account balances	2022-01-01	293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	241
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	196
Number of retired or separated participants receiving benefits	2021-01-01	18
Number of other retired or separated participants entitled to future benefits	2021-01-01	41
Total of all active and inactive participants	2021-01-01	255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	255
Number of participants with account balances	2021-01-01	255
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	221
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	187
Number of retired or separated participants receiving benefits	2020-01-01	21
Number of other retired or separated participants entitled to future benefits	2020-01-01	32
Total of all active and inactive participants	2020-01-01	240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	240
Number of participants with account balances	2020-01-01	240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	215
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	188
Number of retired or separated participants receiving benefits	2019-01-01	14
Number of other retired or separated participants entitled to future benefits	2019-01-01	16
Total of all active and inactive participants	2019-01-01	218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	218
Number of participants with account balances	2019-01-01	218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	234
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	173
Number of retired or separated participants receiving benefits	2018-01-01	10
Number of other retired or separated participants entitled to future benefits	2018-01-01	22
Total of all active and inactive participants	2018-01-01	205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	205
Number of participants with account balances	2018-01-01	205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	210
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	186
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	56
Total of all active and inactive participants	2017-01-01	242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	242
Number of participants with account balances	2017-01-01	224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	199
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	177
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	33
Total of all active and inactive participants	2016-01-01	210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	210
Number of participants with account balances	2016-01-01	187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	196
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	171
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	27
Total of all active and inactive participants	2015-01-01	198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	199
Number of participants with account balances	2015-01-01	181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	199
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	161
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	34
Total of all active and inactive participants	2014-01-01	195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	196
Number of participants with account balances	2014-01-01	174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	204
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	167
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	30
Total of all active and inactive participants	2013-01-01	198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	199
Number of participants with account balances	2013-01-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	197
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	180
Number of retired or separated participants receiving benefits	2012-01-01	3
Number of other retired or separated participants entitled to future benefits	2012-01-01	20
Total of all active and inactive participants	2012-01-01	203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	204
Number of participants with account balances	2012-01-01	175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	201
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	176
Number of retired or separated participants receiving benefits	2011-01-01	1
Number of other retired or separated participants entitled to future benefits	2011-01-01	19
Total of all active and inactive participants	2011-01-01	196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	197
Number of participants with account balances	2011-01-01	178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0

Financial Data on SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$-1,936,203
Total unrealized appreciation/depreciation of assets	2022-12-31	$-1,936,203
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$210,766
Expenses. Interest paid	2022-12-31	$5,127
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2022-12-31	$5,127
Total income from all sources (including contributions)	2022-12-31	$-248,323
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$2,443,290
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$2,433,996
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,534,027
Value of total assets at end of year	2022-12-31	$17,517,996
Value of total assets at beginning of year	2022-12-31	$20,420,375
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$4,167
Total interest from all sources	2022-12-31	$4,180
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$149,673
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$360
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$959,123
Participant contributions at end of year	2022-12-31	$94,730
Participant contributions at beginning of year	2022-12-31	$109,372
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$97,875
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$522
Total non interest bearing cash at end of year	2022-12-31	$76,304
Total non interest bearing cash at beginning of year	2022-12-31	$71,268
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-2,691,613
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$17,517,996
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$20,209,609
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$3,807
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$10,948,042
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$11,577,209
Interest on participant loans	2022-12-31	$4,180
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$1,911,448
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,853,392
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Assets. Invements in employer securities at end of year	2022-12-31	$4,404,770
Assets. Invements in employer securities at beginning of year	2022-12-31	$6,603,210
Contributions received in cash from employer	2022-12-31	$477,029
Employer contributions (assets) at end of year	2022-12-31	$82,702
Employer contributions (assets) at beginning of year	2022-12-31	$205,924
Income. Dividends from common stock	2022-12-31	$149,673
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$2,433,996
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2022-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2022-12-31	$210,244
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2022-12-31	383061223
2021 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2021-12-31	$880,428
Total unrealized appreciation/depreciation of assets	2021-12-31	$880,428
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$210,766
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$289,959
Expenses. Interest paid	2021-12-31	$6,799
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2021-12-31	$6,799
Total income from all sources (including contributions)	2021-12-31	$4,160,445
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$600,298
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$589,262
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,746,429
Value of total assets at end of year	2021-12-31	$20,420,375
Value of total assets at beginning of year	2021-12-31	$16,939,421
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$4,237
Total interest from all sources	2021-12-31	$5,431
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$720,366
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$579,182
Administrative expenses professional fees incurred	2021-12-31	$4,237
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$78,819
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$889,473
Participant contributions at end of year	2021-12-31	$109,372
Participant contributions at beginning of year	2021-12-31	$117,620
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$39
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$423,364
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$522
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Total non interest bearing cash at end of year	2021-12-31	$71,268
Total non interest bearing cash at beginning of year	2021-12-31	$69,769
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$3,560,147
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$20,209,609
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$16,649,462
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$11,577,209
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$9,377,030
Interest on participant loans	2021-12-31	$5,431
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$1,853,392
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$1,411,870
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$807,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Assets. Invements in employer securities at end of year	2021-12-31	$6,603,210
Assets. Invements in employer securities at beginning of year	2021-12-31	$5,801,601
Contributions received in cash from employer	2021-12-31	$433,592
Employer contributions (assets) at end of year	2021-12-31	$205,924
Employer contributions (assets) at beginning of year	2021-12-31	$161,492
Income. Dividends from common stock	2021-12-31	$141,184
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$589,262
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2021-12-31	$210,244
Liabilities. Value of acquisition indebtedness at beginning of year	2021-12-31	$289,959
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2021-12-31	383061223
2020 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$-463,755
Total unrealized appreciation/depreciation of assets	2020-12-31	$-463,755
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$289,959
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$389,343
Expenses. Interest paid	2020-12-31	$8,849
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2020-12-31	$8,849
Total income from all sources (including contributions)	2020-12-31	$2,370,765
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$777,440
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$765,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,224,401
Value of total assets at end of year	2020-12-31	$16,939,421
Value of total assets at beginning of year	2020-12-31	$15,445,480
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$3,563
Total interest from all sources	2020-12-31	$5,797
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$379,321
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$239,783
Administrative expenses professional fees incurred	2020-12-31	$3,563
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$104,868
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$789,087
Participant contributions at end of year	2020-12-31	$117,620
Participant contributions at beginning of year	2020-12-31	$116,646
Participant contributions at end of year	2020-12-31	$39
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$36,746
Total non interest bearing cash at end of year	2020-12-31	$69,769
Total non interest bearing cash at beginning of year	2020-12-31	$38,086
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,593,325
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$16,649,462
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$15,056,137
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$9,377,030
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$7,330,505
Interest on participant loans	2020-12-31	$5,797
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,411,870
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$1,479,352
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,225,001
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Assets. Invements in employer securities at end of year	2020-12-31	$5,801,601
Assets. Invements in employer securities at beginning of year	2020-12-31	$6,370,224
Contributions received in cash from employer	2020-12-31	$398,568
Employer contributions (assets) at end of year	2020-12-31	$161,492
Employer contributions (assets) at beginning of year	2020-12-31	$110,667
Income. Dividends from common stock	2020-12-31	$139,538
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$765,028
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2020-12-31	$289,959
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$389,343
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2020-12-31	383061223
2019 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$321,419
Total unrealized appreciation/depreciation of assets	2019-12-31	$321,419
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$389,343
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$174,159
Expenses. Interest paid	2019-12-31	$10,015
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$10,015
Total income from all sources (including contributions)	2019-12-31	$3,064,196
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,060,236
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,045,151
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,594,650
Value of total assets at end of year	2019-12-31	$15,445,480
Value of total assets at beginning of year	2019-12-31	$13,226,336
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$5,070
Total interest from all sources	2019-12-31	$54,413
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$221,659
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$217,735
Administrative expenses professional fees incurred	2019-12-31	$5,070
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$679,118
Participant contributions at end of year	2019-12-31	$116,646
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$547,804
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$1,744
Other income not declared elsewhere	2019-12-31	$105,317
Total non interest bearing cash at end of year	2019-12-31	$38,086
Total non interest bearing cash at beginning of year	2019-12-31	$7,112,660
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,003,960
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$15,056,137
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$13,052,177
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$7,330,505
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$0
Interest on participant loans	2019-12-31	$3,288
Interest earned on other investments	2019-12-31	$48,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$169,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$169,133
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2,678
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$1,479,352
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$766,738
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Assets. Invements in employer securities at end of year	2019-12-31	$6,370,224
Assets. Invements in employer securities at beginning of year	2019-12-31	$5,911,920
Contributions received in cash from employer	2019-12-31	$367,728
Employer contributions (assets) at end of year	2019-12-31	$110,667
Employer contributions (assets) at beginning of year	2019-12-31	$32,623
Income. Dividends from common stock	2019-12-31	$3,924
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,045,151
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	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$389,343
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$172,415
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2019-12-31	383061223
2018 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$51,550
Total unrealized appreciation/depreciation of assets	2018-12-31	$51,550
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$174,159
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$299,454
Expenses. Interest paid	2018-12-31	$4,893
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2018-12-31	$4,893
Total income from all sources (including contributions)	2018-12-31	$1,764,058
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$463,615
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$458,722
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,394,040
Value of total assets at end of year	2018-12-31	$13,226,336
Value of total assets at beginning of year	2018-12-31	$12,051,188
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$0
Total interest from all sources	2018-12-31	$71,919
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$246,549
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$37,708
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$560,627
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$159
Assets. Other investments not covered elsewhere at end of year	2018-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2018-12-31	$79,819
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$494,652
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$1,744
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$0
Total non interest bearing cash at end of year	2018-12-31	$7,112,660
Total non interest bearing cash at beginning of year	2018-12-31	$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	2018-12-31	No
Value of net income/loss	2018-12-31	$1,300,443
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$13,052,177
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$11,751,734
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$566,851
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$169,133
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$476,586
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$476,586
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$71,919
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Assets. Invements in employer securities at end of year	2018-12-31	$5,911,920
Assets. Invements in employer securities at beginning of year	2018-12-31	$5,099,617
Contributions received in cash from employer	2018-12-31	$338,761
Employer contributions (assets) at end of year	2018-12-31	$32,623
Employer contributions (assets) at beginning of year	2018-12-31	$25,346
Income. Dividends from common stock	2018-12-31	$208,841
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$458,722
Asset. Corporate debt instrument debt (other) at end of year	2018-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2018-12-31	$1,370,976
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	2018-12-31	Yes
Assets. Corporate common stocks other than exployer securities at end of year	2018-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2018-12-31	$4,431,834
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2018-12-31	$172,415
Liabilities. Value of acquisition indebtedness at beginning of year	2018-12-31	$299,454
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2018-12-31	383061223
2017 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$1,837,527
Total unrealized appreciation/depreciation of assets	2017-12-31	$1,837,527
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$299,454
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$403,946
Expenses. Interest paid	2017-12-31	$5,724
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2017-12-31	$5,724
Total income from all sources (including contributions)	2017-12-31	$2,886,311
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$933,252
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$927,528
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$830,344
Value of total assets at end of year	2017-12-31	$12,051,188
Value of total assets at beginning of year	2017-12-31	$10,202,621
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$0
Total interest from all sources	2017-12-31	$99,141
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$119,299
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Assets. Corporate prefeered stocks other than exployer securities at end of year	2017-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2017-12-31	$0
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$514,622
Participant contributions at end of year	2017-12-31	$159
Participant contributions at beginning of year	2017-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2017-12-31	$79,819
Assets. Other investments not covered elsewhere at beginning of year	2017-12-31	$76,064
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$1,953,059
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$11,751,734
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$9,798,675
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$566,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$467,427
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$476,586
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$482,875
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$482,875
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$99,141
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Assets. Invements in employer securities at end of year	2017-12-31	$5,099,617
Assets. Invements in employer securities at beginning of year	2017-12-31	$4,382,770
Contributions received in cash from employer	2017-12-31	$315,722
Employer contributions (assets) at end of year	2017-12-31	$25,346
Employer contributions (assets) at beginning of year	2017-12-31	$78,304
Income. Dividends from common stock	2017-12-31	$119,299
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$927,528
Asset. Corporate debt instrument debt (other) at end of year	2017-12-31	$1,370,976
Asset. Corporate debt instrument debt (other) at beginning of year	2017-12-31	$1,062,529
Assets. Corporate common stocks other than exployer securities at end of year	2017-12-31	$4,431,834
Assets. Corporate common stocks other than exployer securities at beginning of year	2017-12-31	$3,652,652
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2017-12-31	$299,454
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-31	$403,946
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2017-12-31	383061223
2016 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$635,569
Total unrealized appreciation/depreciation of assets	2016-12-31	$635,569
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$403,946
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$256,902
Expenses. Interest paid	2016-12-31	$4,223
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2016-12-31	$4,223
Total income from all sources (including contributions)	2016-12-31	$1,820,025
Total loss/gain on sale of assets	2016-12-31	$179,641
Total of all expenses incurred	2016-12-31	$692,497
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$688,274
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$777,278
Value of total assets at end of year	2016-12-31	$10,202,621
Value of total assets at beginning of year	2016-12-31	$8,928,049
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$0
Total interest from all sources	2016-12-31	$51,292
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$176,245
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Assets. Corporate prefeered stocks other than exployer securities at end of year	2016-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2016-12-31	$20,020
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$475,574
Assets. Other investments not covered elsewhere at end of year	2016-12-31	$76,064
Assets. Other investments not covered elsewhere at beginning of year	2016-12-31	$74,296
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$3,914
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$1,127,528
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$9,798,675
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$8,671,147
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$467,427
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$392,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$482,875
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$557,423
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$557,423
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$51,292
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$4,382,770
Assets. Invements in employer securities at beginning of year	2016-12-31	$3,616,053
Contributions received in cash from employer	2016-12-31	$297,790
Employer contributions (assets) at end of year	2016-12-31	$78,304
Employer contributions (assets) at beginning of year	2016-12-31	$48,381
Income. Dividends from common stock	2016-12-31	$176,245
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$688,274
Asset. Corporate debt instrument debt (other) at end of year	2016-12-31	$1,062,529
Asset. Corporate debt instrument debt (other) at beginning of year	2016-12-31	$997,114
Assets. Corporate common stocks other than exployer securities at end of year	2016-12-31	$3,652,652
Assets. Corporate common stocks other than exployer securities at beginning of year	2016-12-31	$3,222,762
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Aggregate proceeds on sale of assets	2016-12-31	$362,824
Aggregate carrying amount (costs) on sale of assets	2016-12-31	$183,183
Liabilities. Value of acquisition indebtedness at end of year	2016-12-31	$403,946
Liabilities. Value of acquisition indebtedness at beginning of year	2016-12-31	$256,902
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	BRINK, KEY & CHLUDZINSKI, P.C.
Accountancy firm EIN	2016-12-31	383061223
2015 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$493,446
Total unrealized appreciation/depreciation of assets	2015-12-31	$493,446
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$256,902
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$10,292
Expenses. Interest paid	2015-12-31	$4,933
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2015-12-31	$4,933
Total income from all sources (including contributions)	2015-12-31	$1,709,340
Total loss/gain on sale of assets	2015-12-31	$20,284
Total of all expenses incurred	2015-12-31	$928,357
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$923,047
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$954,021
Value of total assets at end of year	2015-12-31	$8,879,668
Value of total assets at beginning of year	2015-12-31	$7,852,075
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$377
Total interest from all sources	2015-12-31	$60,049
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$181,540
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Assets. Corporate prefeered stocks other than exployer securities at end of year	2015-12-31	$20,020
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2015-12-31	$20,260
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$708,216
Assets. Other investments not covered elsewhere at end of year	2015-12-31	$466,296
Assets. Other investments not covered elsewhere at beginning of year	2015-12-31	$341,497
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$287,080
Administrative expenses (other) incurred	2015-12-31	$377
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$780,983
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$8,622,766
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$7,841,783
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$392,000
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$264,219
Interest on participant loans	2015-12-31	$10,292
Interest earned on other investments	2015-12-31	$755
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$557,423
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$515,896
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$515,896
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$49,002
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Assets. Invements in employer securities at end of year	2015-12-31	$3,616,053
Assets. Invements in employer securities at beginning of year	2015-12-31	$2,947,758
Contributions received in cash from employer	2015-12-31	$245,805
Employer contributions (assets) at end of year	2015-12-31	$0
Employer contributions (assets) at beginning of year	2015-12-31	$0
Income. Dividends from common stock	2015-12-31	$181,540
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$923,047
Asset. Corporate debt instrument debt (other) at end of year	2015-12-31	$997,114
Asset. Corporate debt instrument debt (other) at beginning of year	2015-12-31	$1,013,359
Assets. Corporate common stocks other than exployer securities at end of year	2015-12-31	$3,222,762
Assets. Corporate common stocks other than exployer securities at beginning of year	2015-12-31	$3,013,305
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$457,594
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$437,310
Liabilities. Value of acquisition indebtedness at end of year	2015-12-31	$256,902
Liabilities. Value of acquisition indebtedness at beginning of year	2015-12-31	$10,292
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2015-12-31	383235466
2014 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$284,734
Total unrealized appreciation/depreciation of assets	2014-12-31	$284,734
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$10,292
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$35,740
Expenses. Interest paid	2014-12-31	$1,161
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2014-12-31	$1,161
Total income from all sources (including contributions)	2014-12-31	$1,312,330
Total loss/gain on sale of assets	2014-12-31	$152,764
Total of all expenses incurred	2014-12-31	$521,591
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$520,430
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$668,484
Value of total assets at end of year	2014-12-31	$7,852,075
Value of total assets at beginning of year	2014-12-31	$7,086,784
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$0
Total interest from all sources	2014-12-31	$48,324
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$141,441
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Assets. Corporate prefeered stocks other than exployer securities at end of year	2014-12-31	$20,260
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2014-12-31	$20,180
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$427,925
Assets. Other investments not covered elsewhere at end of year	2014-12-31	$341,497
Assets. Other investments not covered elsewhere at beginning of year	2014-12-31	$783,790
Other income not declared elsewhere	2014-12-31	$16,583
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$790,739
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$7,841,783
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$7,051,044
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$515,896
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$405,109
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$405,109
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$48,324
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Assets. Invements in employer securities at end of year	2014-12-31	$2,947,758
Assets. Invements in employer securities at beginning of year	2014-12-31	$2,592,460
Contributions received in cash from employer	2014-12-31	$240,559
Income. Dividends from common stock	2014-12-31	$141,441
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$520,430
Asset. Corporate debt instrument debt (other) at end of year	2014-12-31	$1,013,359
Asset. Corporate debt instrument debt (other) at beginning of year	2014-12-31	$840,413
Assets. Corporate common stocks other than exployer securities at end of year	2014-12-31	$3,013,305
Assets. Corporate common stocks other than exployer securities at beginning of year	2014-12-31	$2,444,832
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$461,018
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$308,254
Liabilities. Value of acquisition indebtedness at end of year	2014-12-31	$10,292
Liabilities. Value of acquisition indebtedness at beginning of year	2014-12-31	$35,740
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2014-12-31	383235466
2013 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$498,314
Total unrealized appreciation/depreciation of assets	2013-12-31	$498,314
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$35,740
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$95,353
Expenses. Interest paid	2013-12-31	$2,487
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2013-12-31	$2,487
Total income from all sources (including contributions)	2013-12-31	$1,375,928
Total loss/gain on sale of assets	2013-12-31	$52,676
Total of all expenses incurred	2013-12-31	$422,047
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$418,596
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$645,796
Value of total assets at end of year	2013-12-31	$7,086,784
Value of total assets at beginning of year	2013-12-31	$6,192,516
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$964
Total interest from all sources	2013-12-31	$35,162
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$140,193
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Assets. Corporate prefeered stocks other than exployer securities at end of year	2013-12-31	$20,180
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$405,628
Assets. Other investments not covered elsewhere at end of year	2013-12-31	$783,790
Assets. Other investments not covered elsewhere at beginning of year	2013-12-31	$43,140
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$672
Other income not declared elsewhere	2013-12-31	$3,787
Administrative expenses (other) incurred	2013-12-31	$964
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	$953,881
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$7,051,044
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$6,097,163
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
Income. Interest from corporate debt instruments	2013-12-31	$35,120
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$405,109
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$395,551
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$395,551
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$42
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	$2,592,460
Assets. Invements in employer securities at beginning of year	2013-12-31	$2,404,482
Contributions received in cash from employer	2013-12-31	$239,496
Income. Dividends from preferred stock	2013-12-31	$790
Income. Dividends from common stock	2013-12-31	$139,403
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$418,596
Asset. Corporate debt instrument debt (other) at end of year	2013-12-31	$840,413
Asset. Corporate debt instrument debt (other) at beginning of year	2013-12-31	$1,388,908
Assets. Corporate common stocks other than exployer securities at end of year	2013-12-31	$2,444,832
Assets. Corporate common stocks other than exployer securities at beginning of year	2013-12-31	$1,960,435
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
Aggregate proceeds on sale of assets	2013-12-31	$568,071
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$515,395
Liabilities. Value of acquisition indebtedness at end of year	2013-12-31	$35,740
Liabilities. Value of acquisition indebtedness at beginning of year	2013-12-31	$95,353
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2013-12-31	383235466
2012 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$469,280
Total unrealized appreciation/depreciation of assets	2012-12-31	$469,280
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$95,353
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$289,995
Expenses. Interest paid	2012-12-31	$12,719
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2012-12-31	$12,719
Total income from all sources (including contributions)	2012-12-31	$1,236,413
Total loss/gain on sale of assets	2012-12-31	$7,428
Total of all expenses incurred	2012-12-31	$303,241
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$289,700
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$649,836
Value of total assets at end of year	2012-12-31	$6,192,516
Value of total assets at beginning of year	2012-12-31	$5,453,986
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$822
Total interest from all sources	2012-12-31	$19,007
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$114,676
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$404,832
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$43,140
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$40,359
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$2,575
Other income not declared elsewhere	2012-12-31	$-23,814
Administrative expenses (other) incurred	2012-12-31	$822
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	$933,172
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$6,097,163
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$5,163,991
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
Interest on participant loans	2012-12-31	$12,719
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$395,551
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$612,867
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$612,867
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$6,288
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	$2,404,482
Assets. Invements in employer securities at beginning of year	2012-12-31	$2,154,438
Contributions received in cash from employer	2012-12-31	$242,429
Income. Dividends from common stock	2012-12-31	$114,676
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$289,700
Asset. Corporate debt instrument debt (other) at end of year	2012-12-31	$1,388,908
Asset. Corporate debt instrument debt (other) at beginning of year	2012-12-31	$730,947
Assets. Corporate common stocks other than exployer securities at end of year	2012-12-31	$1,960,435
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-12-31	$1,915,375
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	$462,525
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$455,097
Liabilities. Value of acquisition indebtedness at end of year	2012-12-31	$95,353
Liabilities. Value of acquisition indebtedness at beginning of year	2012-12-31	$289,995
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	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2012-12-31	383235466
2011 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$218,338
Total unrealized appreciation/depreciation of assets	2011-12-31	$218,338
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$289,995
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$473,506
Expenses. Interest paid	2011-12-31	$23,850
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2011-12-31	$23,850
Total income from all sources (including contributions)	2011-12-31	$962,911
Total loss/gain on sale of assets	2011-12-31	$-21,915
Total of all expenses incurred	2011-12-31	$654,922
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$630,752
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$663,496
Value of total assets at end of year	2011-12-31	$5,453,986
Value of total assets at beginning of year	2011-12-31	$5,329,508
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$320
Total interest from all sources	2011-12-31	$74,125
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$26,168
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$410,609
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$40,359
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$36,835
Other income not declared elsewhere	2011-12-31	$2,699
Administrative expenses (other) incurred	2011-12-31	$320
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	$307,989
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$5,163,991
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,856,002
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 bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$612,867
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$636,504
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$636,504
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$74,125
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	$2,154,438
Assets. Invements in employer securities at beginning of year	2011-12-31	$1,974,720
Contributions received in cash from employer	2011-12-31	$252,887
Income. Dividends from common stock	2011-12-31	$26,168
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$630,752
Asset. Corporate debt instrument debt (other) at end of year	2011-12-31	$730,947
Asset. Corporate debt instrument debt (other) at beginning of year	2011-12-31	$1,183,709
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$1,915,375
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$1,497,740
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
Aggregate proceeds on sale of assets	2011-12-31	$1,288,826
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$1,310,741
Liabilities. Value of acquisition indebtedness at end of year	2011-12-31	$289,995
Liabilities. Value of acquisition indebtedness at beginning of year	2011-12-31	$473,506
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	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2011-12-31	383235466
2010 : SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$314,570
Total unrealized appreciation/depreciation of assets	2010-12-31	$314,570
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$473,506
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$610,325
Expenses. Interest paid	2010-12-31	$40,543
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2010-12-31	$40,543
Total income from all sources (including contributions)	2010-12-31	$1,091,633
Total loss/gain on sale of assets	2010-12-31	$-25,655
Total of all expenses incurred	2010-12-31	$337,637
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$296,975
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$698,945
Value of total assets at end of year	2010-12-31	$5,329,508
Value of total assets at beginning of year	2010-12-31	$4,712,331
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$119
Total interest from all sources	2010-12-31	$12,880
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$87,559
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	$1,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$431,499
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$36,835
Other income not declared elsewhere	2010-12-31	$3,334
Administrative expenses (other) incurred	2010-12-31	$119
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	$753,996
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,856,002
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,102,006
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
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$636,504
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$816,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$816,941
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$12,880
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	$1,974,720
Assets. Invements in employer securities at beginning of year	2010-12-31	$1,777,248
Contributions received in cash from employer	2010-12-31	$267,446
Employer contributions (assets) at beginning of year	2010-12-31	$38,269
Income. Dividends from common stock	2010-12-31	$87,559
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$296,975
Asset. Corporate debt instrument debt (other) at end of year	2010-12-31	$1,183,709
Asset. Corporate debt instrument debt (other) at beginning of year	2010-12-31	$1,646,698
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$1,497,740
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$433,175
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	$2,224,915
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$2,250,570
Liabilities. Value of acquisition indebtedness at end of year	2010-12-31	$473,506
Liabilities. Value of acquisition indebtedness at beginning of year	2010-12-31	$610,325
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	ROBERT J. DIEMER, CPA, CFP, LLC
Accountancy firm EIN	2010-12-31	383235466

Form 5500 Responses for SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
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: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: SOUTHERN MICHIGAN BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

812878

Policy instance

Insurance contract or identification number	812878
Number of Individuals Covered	242
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

812878

Policy instance

Insurance contract or identification number	812878
Number of Individuals Covered	255
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

812878

Policy instance

Insurance contract or identification number	812878
Number of Individuals Covered	240
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

812878

Policy instance

Insurance contract or identification number	812878
Number of Individuals Covered	218
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	SOUTHERN MICHIGAN BANCORP, INC.
Employer identification number (EIN):	382407501
NAIC Classification:	522110
NAIC Description:	Commercial Banking