FIRST BANK CORP has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2023 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2023 401k financial data |
|---|
| Total transfer of assets to this plan | 2023-12-31 | $5,137,925 |
| Total transfer of assets from this plan | 2023-12-31 | $7,764,943 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $73,865 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $484,633 |
| Total income from all sources (including contributions) | 2023-12-31 | $13,632,927 |
| Total of all expenses incurred | 2023-12-31 | $6,977,848 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $6,883,932 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $3,919,692 |
| Value of total assets at end of year | 2023-12-31 | $68,186,146 |
| Value of total assets at beginning of year | 2023-12-31 | $64,568,853 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $93,916 |
| Total interest from all sources | 2023-12-31 | $65,733 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $793,648 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $793,648 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $828,031 |
| Participant contributions at end of year | 2023-12-31 | $24,165 |
| Participant contributions at beginning of year | 2023-12-31 | $0 |
| Participant contributions at end of year | 2023-12-31 | $4,958 |
| Participant contributions at beginning of year | 2023-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $252,525 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-12-31 | $280,620 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $614,848 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-12-31 | $176,312 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $7,642 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $11,409 |
| Other income not declared elsewhere | 2023-12-31 | $607 |
| Administrative expenses (other) incurred | 2023-12-31 | $10,314 |
| Liabilities. Value of operating payables at end of year | 2023-12-31 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2023-12-31 | $44,717 |
| Total non interest bearing cash at beginning of year | 2023-12-31 | $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 | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $6,655,079 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $68,112,281 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $64,084,220 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $39,545 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $46,294,377 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $42,900,014 |
| Interest on participant loans | 2023-12-31 | $2,168 |
| Income. Interest from US Government securities | 2023-12-31 | $8,849 |
| Income. Interest from corporate debt instruments | 2023-12-31 | $24,539 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $3,671,576 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $1,887,129 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $1,887,129 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $30,177 |
| Asset value of US Government securities at end of year | 2023-12-31 | $10,649,513 |
| Asset value of US Government securities at beginning of year | 2023-12-31 | $12,577,200 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $8,853,247 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $2,476,813 |
| Employer contributions (assets) at end of year | 2023-12-31 | $1,458,802 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $1,692,178 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $6,883,932 |
| Asset. Corporate debt instrument debt (other) at end of year | 2023-12-31 | $5,830,230 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2023-12-31 | $5,055,400 |
| Liabilities. Value of benefit claims payable at end of year | 2023-12-31 | $66,223 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-12-31 | $428,507 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2023-12-31 | 731413977 |
| Total transfer of assets to this plan | 2023-01-01 | $5,137,925 |
| Total transfer of assets from this plan | 2023-01-01 | $7,764,943 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $73,865 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $484,633 |
| Total income from all sources (including contributions) | 2023-01-01 | $13,632,927 |
| Total of all expenses incurred | 2023-01-01 | $6,977,848 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $6,883,932 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $3,919,692 |
| Value of total assets at end of year | 2023-01-01 | $68,186,146 |
| Value of total assets at beginning of year | 2023-01-01 | $64,568,853 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $93,916 |
| Total interest from all sources | 2023-01-01 | $65,733 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $793,648 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $793,648 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $828,031 |
| Participant contributions at end of year | 2023-01-01 | $24,165 |
| Participant contributions at beginning of year | 2023-01-01 | $0 |
| Participant contributions at end of year | 2023-01-01 | $4,958 |
| Participant contributions at beginning of year | 2023-01-01 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2023-01-01 | $252,525 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-01-01 | $280,620 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $614,848 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-01-01 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-01-01 | $176,312 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-01-01 | $7,642 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-01-01 | $11,409 |
| Other income not declared elsewhere | 2023-01-01 | $607 |
| Administrative expenses (other) incurred | 2023-01-01 | $10,314 |
| Liabilities. Value of operating payables at end of year | 2023-01-01 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2023-01-01 | $44,717 |
| Total non interest bearing cash at beginning of year | 2023-01-01 | $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 | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $6,655,079 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $68,112,281 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $64,084,220 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $39,545 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $46,294,377 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $42,900,014 |
| Interest on participant loans | 2023-01-01 | $2,168 |
| Income. Interest from US Government securities | 2023-01-01 | $8,849 |
| Income. Interest from corporate debt instruments | 2023-01-01 | $24,539 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $3,671,576 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-01-01 | $30,177 |
| Asset value of US Government securities at end of year | 2023-01-01 | $10,649,513 |
| Asset value of US Government securities at beginning of year | 2023-01-01 | $12,577,200 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $8,853,247 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $2,476,813 |
| Employer contributions (assets) at end of year | 2023-01-01 | $1,458,802 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $1,692,178 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $6,883,932 |
| Asset. Corporate debt instrument debt (other) at end of year | 2023-01-01 | $5,830,230 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2023-01-01 | $5,055,400 |
| Liabilities. Value of benefit claims payable at end of year | 2023-01-01 | $66,223 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-01-01 | $428,507 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2023-01-01 | 731413977 |
| 2022 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-758,687 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-758,687 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $484,633 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $164,995 |
| Total income from all sources (including contributions) | 2022-12-31 | $-5,429,303 |
| Total loss/gain on sale of assets | 2022-12-31 | $-19,647 |
| Total of all expenses incurred | 2022-12-31 | $3,827,640 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $3,757,956 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,791,954 |
| Value of total assets at end of year | 2022-12-31 | $64,568,853 |
| Value of total assets at beginning of year | 2022-12-31 | $73,506,158 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $69,684 |
| Total interest from all sources | 2022-12-31 | $400,616 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $1,183,674 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $1,183,674 |
| Administrative expenses professional fees incurred | 2022-12-31 | $34,295 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
| 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 | $1,070,173 |
| Participant contributions at end of year | 2022-12-31 | $0 |
| Participant contributions at beginning of year | 2022-12-31 | $5,323 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $280,620 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $295,974 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $255,429 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $176,312 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $134,361 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $11,409 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $22,932 |
| Other income not declared elsewhere | 2022-12-31 | $2,400 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $44,717 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $12,673 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $12,673 |
| 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 | $-9,256,943 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $64,084,220 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $73,341,163 |
| 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 | $35,389 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $42,900,014 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $52,605,668 |
| Income. Interest from US Government securities | 2022-12-31 | $179,466 |
| Income. Interest from corporate debt instruments | 2022-12-31 | $187,718 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,887,129 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1,635,805 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1,635,805 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $33,432 |
| Asset value of US Government securities at end of year | 2022-12-31 | $12,577,200 |
| Asset value of US Government securities at beginning of year | 2022-12-31 | $10,178,775 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-10,029,613 |
| 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 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $2,466,352 |
| Employer contributions (assets) at end of year | 2022-12-31 | $1,692,178 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $1,389,658 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $3,757,956 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $5,055,400 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $7,247,921 |
| Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $428,507 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $129,390 |
| 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 |
| Aggregate proceeds on sale of assets | 2022-12-31 | $5,199,835 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $5,219,482 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2022-12-31 | 731413977 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-01-01 | $-758,687 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $-758,687 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $484,633 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $164,995 |
| Total income from all sources (including contributions) | 2022-01-01 | $-5,429,303 |
| Total loss/gain on sale of assets | 2022-01-01 | $-19,647 |
| Total of all expenses incurred | 2022-01-01 | $3,827,640 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $3,757,956 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $3,791,954 |
| Value of total assets at end of year | 2022-01-01 | $64,568,853 |
| Value of total assets at beginning of year | 2022-01-01 | $73,506,158 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $69,684 |
| Total interest from all sources | 2022-01-01 | $400,616 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $1,183,674 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $1,183,674 |
| Administrative expenses professional fees incurred | 2022-01-01 | $34,295 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $1,070,173 |
| Participant contributions at end of year | 2022-01-01 | $0 |
| Participant contributions at beginning of year | 2022-01-01 | $5,323 |
| Assets. Other investments not covered elsewhere at end of year | 2022-01-01 | $280,620 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-01-01 | $295,974 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $255,429 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-01-01 | $176,312 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-01-01 | $134,361 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-01-01 | $11,409 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-01-01 | $22,932 |
| Other income not declared elsewhere | 2022-01-01 | $2,400 |
| Liabilities. Value of operating payables at end of year | 2022-01-01 | $44,717 |
| Liabilities. Value of operating payables at beginning of year | 2022-01-01 | $12,673 |
| Total non interest bearing cash at end of year | 2022-01-01 | $0 |
| Total non interest bearing cash at beginning of year | 2022-01-01 | $12,673 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-9,256,943 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $64,084,220 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $73,341,163 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Investment advisory and management fees | 2022-01-01 | $35,389 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $42,900,014 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $52,605,668 |
| Income. Interest from US Government securities | 2022-01-01 | $179,466 |
| Income. Interest from corporate debt instruments | 2022-01-01 | $187,718 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $1,887,129 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $33,432 |
| Asset value of US Government securities at end of year | 2022-01-01 | $12,577,200 |
| Asset value of US Government securities at beginning of year | 2022-01-01 | $10,178,775 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-10,029,613 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $2,466,352 |
| Employer contributions (assets) at end of year | 2022-01-01 | $1,692,178 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $1,389,658 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $3,757,956 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-01-01 | $5,055,400 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-01-01 | $7,247,921 |
| Liabilities. Value of benefit claims payable at end of year | 2022-01-01 | $428,507 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-01-01 | $129,390 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Aggregate proceeds on sale of assets | 2022-01-01 | $5,199,835 |
| Aggregate carrying amount (costs) on sale of assets | 2022-01-01 | $5,219,482 |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2022-01-01 | 731413977 |
| 2021 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $-415,978 |
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $-415,978 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $164,995 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $732,338 |
| Total income from all sources (including contributions) | 2021-12-31 | $12,570,246 |
| Total loss/gain on sale of assets | 2021-12-31 | $-47,604 |
| Total of all expenses incurred | 2021-12-31 | $2,271,162 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,191,219 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $3,286,165 |
| Value of total assets at end of year | 2021-12-31 | $73,506,158 |
| Value of total assets at beginning of year | 2021-12-31 | $63,774,417 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $79,943 |
| Total interest from all sources | 2021-12-31 | $404,971 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $1,889,690 |
| 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 | $1,889,690 |
| Administrative expenses professional fees incurred | 2021-12-31 | $46,757 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $920,387 |
| Participant contributions at end of year | 2021-12-31 | $5,323 |
| Participant contributions at beginning of year | 2021-12-31 | $3,378 |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $295,974 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $175,384 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $134,361 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $119,798 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $22,932 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $0 |
| Other income not declared elsewhere | 2021-12-31 | $1,253 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $12,673 |
| Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $30,328 |
| Total non interest bearing cash at end of year | 2021-12-31 | $12,673 |
| Total non interest bearing cash at beginning of year | 2021-12-31 | $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 | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $10,299,084 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $73,341,163 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $63,042,079 |
| 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 |
| Investment advisory and management fees | 2021-12-31 | $33,186 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $52,605,668 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $44,389,081 |
| Income. Interest from US Government securities | 2021-12-31 | $180,436 |
| Income. Interest from corporate debt instruments | 2021-12-31 | $224,375 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $1,635,805 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $1,372,941 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $1,372,941 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $160 |
| Asset value of US Government securities at end of year | 2021-12-31 | $10,178,775 |
| Asset value of US Government securities at beginning of year | 2021-12-31 | $10,331,787 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $7,451,749 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $2,190,394 |
| Employer contributions (assets) at end of year | 2021-12-31 | $1,389,658 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $1,321,126 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,191,219 |
| Asset. Corporate debt instrument debt (other) at end of year | 2021-12-31 | $7,247,921 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2021-12-31 | $6,236,306 |
| Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $129,390 |
| Liabilities. Value of benefit claims payable at beginning of year | 2021-12-31 | $702,010 |
| 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 |
| Aggregate proceeds on sale of assets | 2021-12-31 | $5,068,964 |
| Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $5,116,568 |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2021-12-31 | 731413977 |
| 2020 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $90,299 |
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $90,299 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $732,338 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $401,828 |
| Total income from all sources (including contributions) | 2020-12-31 | $10,637,607 |
| Total loss/gain on sale of assets | 2020-12-31 | $6,001 |
| Total of all expenses incurred | 2020-12-31 | $4,010,455 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $3,946,234 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $3,072,223 |
| Value of total assets at end of year | 2020-12-31 | $63,774,417 |
| Value of total assets at beginning of year | 2020-12-31 | $56,816,755 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $64,221 |
| Total interest from all sources | 2020-12-31 | $396,452 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $1,114,070 |
| 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 | $1,114,070 |
| Administrative expenses professional fees incurred | 2020-12-31 | $37,411 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $874,845 |
| Participant contributions at end of year | 2020-12-31 | $3,378 |
| Participant contributions at beginning of year | 2020-12-31 | $9,350 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $110,511 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $119,798 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $124,968 |
| Liabilities. Value of operating payables at end of year | 2020-12-31 | $30,328 |
| Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $16,784 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $16,784 |
| 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 | $6,627,152 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $63,042,079 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $56,414,927 |
| 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 |
| Investment advisory and management fees | 2020-12-31 | $26,810 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $44,389,081 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $38,503,947 |
| Income. Interest from US Government securities | 2020-12-31 | $188,348 |
| Income. Interest from corporate debt instruments | 2020-12-31 | $202,786 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $1,372,941 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $1,134,760 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $1,134,760 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $5,318 |
| Asset value of US Government securities at end of year | 2020-12-31 | $10,331,787 |
| Asset value of US Government securities at beginning of year | 2020-12-31 | $5,982,334 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $5,958,562 |
| 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 |
| Contributions received in cash from employer | 2020-12-31 | $2,086,867 |
| Employer contributions (assets) at end of year | 2020-12-31 | $1,321,126 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $1,207,438 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $3,946,234 |
| Asset. Corporate debt instrument debt (other) at end of year | 2020-12-31 | $6,236,306 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2020-12-31 | $9,837,174 |
| Liabilities. Value of benefit claims payable at end of year | 2020-12-31 | $702,010 |
| Liabilities. Value of benefit claims payable at beginning of year | 2020-12-31 | $385,044 |
| 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 |
| Aggregate proceeds on sale of assets | 2020-12-31 | $5,267,641 |
| Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $5,261,640 |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2020-12-31 | 731413977 |
| 2019 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $173,588 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $173,588 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $173,588 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $173,588 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $401,828 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $401,828 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $1,032,304 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $1,032,304 |
| Total income from all sources (including contributions) | 2019-12-31 | $11,988,471 |
| Total income from all sources (including contributions) | 2019-12-31 | $11,988,471 |
| Total loss/gain on sale of assets | 2019-12-31 | $15,480 |
| Total loss/gain on sale of assets | 2019-12-31 | $15,480 |
| Total of all expenses incurred | 2019-12-31 | $3,552,256 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $3,501,318 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $3,501,318 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $2,773,599 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $2,773,599 |
| Value of total assets at end of year | 2019-12-31 | $56,816,755 |
| Value of total assets at end of year | 2019-12-31 | $56,816,755 |
| Value of total assets at beginning of year | 2019-12-31 | $49,011,016 |
| Value of total assets at beginning of year | 2019-12-31 | $49,011,016 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $50,938 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $50,938 |
| Total interest from all sources | 2019-12-31 | $402,634 |
| Total interest from all sources | 2019-12-31 | $402,634 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $949,223 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $949,223 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| 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 | $949,223 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $949,223 |
| Administrative expenses professional fees incurred | 2019-12-31 | $26,092 |
| Administrative expenses professional fees incurred | 2019-12-31 | $26,092 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
| Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $826,413 |
| Contributions received from participants | 2019-12-31 | $826,413 |
| Participant contributions at end of year | 2019-12-31 | $9,350 |
| Participant contributions at end of year | 2019-12-31 | $9,350 |
| Participant contributions at beginning of year | 2019-12-31 | $14,190 |
| Participant contributions at beginning of year | 2019-12-31 | $14,190 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $127,358 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $127,358 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $124,968 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $124,968 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $90,513 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $90,513 |
| Liabilities. Value of operating payables at end of year | 2019-12-31 | $16,784 |
| Liabilities. Value of operating payables at end of year | 2019-12-31 | $16,784 |
| Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $28,064 |
| Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $28,064 |
| Total non interest bearing cash at end of year | 2019-12-31 | $16,784 |
| Total non interest bearing cash at end of year | 2019-12-31 | $16,784 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $44,958 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $44,958 |
| 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 |
| 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 | $8,436,215 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $56,414,927 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $56,414,927 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $47,978,712 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $47,978,712 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| 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 |
| Investment advisory and management fees | 2019-12-31 | $24,846 |
| Investment advisory and management fees | 2019-12-31 | $24,846 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $38,503,947 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $38,503,947 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $31,299,950 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $31,299,950 |
| Income. Interest from US Government securities | 2019-12-31 | $136,247 |
| Income. Interest from US Government securities | 2019-12-31 | $136,247 |
| Income. Interest from corporate debt instruments | 2019-12-31 | $236,716 |
| Income. Interest from corporate debt instruments | 2019-12-31 | $236,716 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $1,134,760 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $1,134,760 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $1,207,419 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $1,207,419 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $29,671 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $29,671 |
| Asset value of US Government securities at end of year | 2019-12-31 | $5,982,334 |
| Asset value of US Government securities at end of year | 2019-12-31 | $5,982,334 |
| Asset value of US Government securities at beginning of year | 2019-12-31 | $6,240,971 |
| Asset value of US Government securities at beginning of year | 2019-12-31 | $6,240,971 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $7,673,947 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $7,673,947 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| 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 |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $1,819,828 |
| Contributions received in cash from employer | 2019-12-31 | $1,819,828 |
| Employer contributions (assets) at end of year | 2019-12-31 | $1,207,438 |
| Employer contributions (assets) at end of year | 2019-12-31 | $1,207,438 |
| Employer contributions (assets) at beginning of year | 2019-12-31 | $1,091,501 |
| Employer contributions (assets) at beginning of year | 2019-12-31 | $1,091,501 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,501,318 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $3,501,318 |
| Asset. Corporate debt instrument debt (other) at end of year | 2019-12-31 | $9,837,174 |
| Asset. Corporate debt instrument debt (other) at end of year | 2019-12-31 | $9,837,174 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2019-12-31 | $9,021,514 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2019-12-31 | $9,021,514 |
| Liabilities. Value of benefit claims payable at end of year | 2019-12-31 | $385,044 |
| Liabilities. Value of benefit claims payable at end of year | 2019-12-31 | $385,044 |
| Liabilities. Value of benefit claims payable at beginning of year | 2019-12-31 | $1,004,240 |
| Liabilities. Value of benefit claims payable at beginning of year | 2019-12-31 | $1,004,240 |
| Did the plan have assets held for investment | 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 |
| 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 |
| 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 |
| Aggregate proceeds on sale of assets | 2019-12-31 | $7,898,509 |
| Aggregate proceeds on sale of assets | 2019-12-31 | $7,898,509 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $7,883,029 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $7,883,029 |
| 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 | HOGANTAYLOR LLP |
| Accountancy firm name | 2019-12-31 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2019-12-31 | 731413977 |
| 2018 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2018 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2018-12-31 | $-29,235 |
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $-29,235 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $1,032,304 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $956,468 |
| Total income from all sources (including contributions) | 2018-12-31 | $1,721,136 |
| Total loss/gain on sale of assets | 2018-12-31 | $4,734 |
| Total of all expenses incurred | 2018-12-31 | $6,338,626 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $6,273,896 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $3,221,897 |
| Value of total assets at end of year | 2018-12-31 | $49,011,016 |
| Value of total assets at beginning of year | 2018-12-31 | $53,552,670 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $64,730 |
| Total interest from all sources | 2018-12-31 | $299,544 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $889,368 |
| 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 | $889,368 |
| Administrative expenses professional fees incurred | 2018-12-31 | $37,418 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $803,212 |
| Participant contributions at end of year | 2018-12-31 | $14,190 |
| Participant contributions at beginning of year | 2018-12-31 | $15,840 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $707,717 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $90,513 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $86,746 |
| Liabilities. Value of operating payables at end of year | 2018-12-31 | $28,064 |
| Liabilities. Value of operating payables at beginning of year | 2018-12-31 | $15,014 |
| Total non interest bearing cash at end of year | 2018-12-31 | $44,958 |
| Total non interest bearing cash at beginning of year | 2018-12-31 | $29,917 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-4,617,490 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $47,978,712 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $52,596,202 |
| 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 |
| Investment advisory and management fees | 2018-12-31 | $27,312 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $31,299,950 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $36,484,675 |
| Income. Interest from US Government securities | 2018-12-31 | $80,833 |
| Income. Interest from corporate debt instruments | 2018-12-31 | $198,384 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $1,207,419 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $423,839 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $423,839 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $20,327 |
| Asset value of US Government securities at end of year | 2018-12-31 | $6,240,971 |
| Asset value of US Government securities at beginning of year | 2018-12-31 | $3,927,501 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-2,665,172 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| 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 |
| Contributions received in cash from employer | 2018-12-31 | $1,710,968 |
| Employer contributions (assets) at end of year | 2018-12-31 | $1,091,501 |
| Employer contributions (assets) at beginning of year | 2018-12-31 | $1,080,917 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $6,273,896 |
| Asset. Corporate debt instrument debt (other) at end of year | 2018-12-31 | $9,021,514 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2018-12-31 | $11,503,235 |
| Liabilities. Value of benefit claims payable at end of year | 2018-12-31 | $1,004,240 |
| Liabilities. Value of benefit claims payable at beginning of year | 2018-12-31 | $941,454 |
| 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 |
| Aggregate proceeds on sale of assets | 2018-12-31 | $4,605,000 |
| Aggregate carrying amount (costs) on sale of assets | 2018-12-31 | $4,600,266 |
| 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 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2018-12-31 | 731413977 |
| 2017 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2017 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2017-12-31 | $-66,855 |
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $-66,855 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $956,468 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $633,906 |
| Total income from all sources (including contributions) | 2017-12-31 | $8,784,309 |
| Total loss/gain on sale of assets | 2017-12-31 | $-2,939 |
| Total of all expenses incurred | 2017-12-31 | $2,907,401 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $2,835,799 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $2,434,295 |
| Value of total assets at end of year | 2017-12-31 | $53,552,670 |
| Value of total assets at beginning of year | 2017-12-31 | $47,353,200 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $71,602 |
| Total interest from all sources | 2017-12-31 | $236,495 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $733,087 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $733,087 |
| Administrative expenses professional fees incurred | 2017-12-31 | $44,874 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $776,156 |
| Participant contributions at end of year | 2017-12-31 | $15,840 |
| Participant contributions at beginning of year | 2017-12-31 | $17,389 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $4,981 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $86,746 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $64,161 |
| Administrative expenses (other) incurred | 2017-12-31 | $800 |
| Liabilities. Value of operating payables at end of year | 2017-12-31 | $15,014 |
| Liabilities. Value of operating payables at beginning of year | 2017-12-31 | $14,585 |
| Total non interest bearing cash at end of year | 2017-12-31 | $29,917 |
| Total non interest bearing cash at beginning of year | 2017-12-31 | $14,585 |
| 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 | $5,876,908 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $52,596,202 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $46,719,294 |
| 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 |
| Investment advisory and management fees | 2017-12-31 | $25,928 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $36,484,675 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $32,148,097 |
| Income. Interest from US Government securities | 2017-12-31 | $64,406 |
| Income. Interest from corporate debt instruments | 2017-12-31 | $165,148 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $423,839 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $620,468 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $620,468 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $6,941 |
| Asset value of US Government securities at end of year | 2017-12-31 | $3,927,501 |
| Asset value of US Government securities at beginning of year | 2017-12-31 | $5,400,896 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $5,450,226 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| 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 |
| Contributions received in cash from employer | 2017-12-31 | $1,653,158 |
| Employer contributions (assets) at end of year | 2017-12-31 | $1,080,917 |
| Employer contributions (assets) at beginning of year | 2017-12-31 | $1,072,009 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $2,835,799 |
| Asset. Corporate debt instrument debt (other) at end of year | 2017-12-31 | $11,503,235 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2017-12-31 | $8,015,595 |
| Liabilities. Value of benefit claims payable at end of year | 2017-12-31 | $941,454 |
| Liabilities. Value of benefit claims payable at beginning of year | 2017-12-31 | $619,321 |
| 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 |
| Aggregate proceeds on sale of assets | 2017-12-31 | $4,050,078 |
| Aggregate carrying amount (costs) on sale of assets | 2017-12-31 | $4,053,017 |
| 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 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2017-12-31 | 731413977 |
| 2016 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2016 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2016-12-31 | $-58,347 |
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $-58,347 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $633,906 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $8,475,697 |
| Total income from all sources (including contributions) | 2016-12-31 | $14,583,882 |
| Total loss/gain on sale of assets | 2016-12-31 | $-27,514 |
| Total of all expenses incurred | 2016-12-31 | $5,385,496 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $5,338,668 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $2,976,826 |
| Value of total assets at end of year | 2016-12-31 | $47,353,200 |
| Value of total assets at beginning of year | 2016-12-31 | $45,996,605 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $46,828 |
| Total interest from all sources | 2016-12-31 | $217,593 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $718,220 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $718,220 |
| Administrative expenses professional fees incurred | 2016-12-31 | $23,923 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $782,931 |
| Participant contributions at end of year | 2016-12-31 | $17,389 |
| Participant contributions at beginning of year | 2016-12-31 | $21,479 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $554,644 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $64,161 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $119,050 |
| Other income not declared elsewhere | 2016-12-31 | $8,466,136 |
| Liabilities. Value of operating payables at end of year | 2016-12-31 | $14,585 |
| Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $9,561 |
| Total non interest bearing cash at end of year | 2016-12-31 | $14,585 |
| Total non interest bearing cash at beginning of year | 2016-12-31 | $7,029 |
| 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 | $9,198,386 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $46,719,294 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $37,520,908 |
| 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 |
| Investment advisory and management fees | 2016-12-31 | $22,905 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $32,148,097 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $27,949,071 |
| Income. Interest from US Government securities | 2016-12-31 | $76,858 |
| Income. Interest from corporate debt instruments | 2016-12-31 | $137,806 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $620,468 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $961,346 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $961,346 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $2,929 |
| Asset value of US Government securities at end of year | 2016-12-31 | $5,400,896 |
| Asset value of US Government securities at beginning of year | 2016-12-31 | $6,993,189 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $2,290,968 |
| 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 beginning of year | 2016-12-31 | $1,792,245 |
| Contributions received in cash from employer | 2016-12-31 | $1,639,251 |
| Employer contributions (assets) at end of year | 2016-12-31 | $1,072,009 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $1,045,114 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $5,338,668 |
| Asset. Corporate debt instrument debt (other) at end of year | 2016-12-31 | $8,015,595 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2016-12-31 | $7,108,082 |
| Liabilities. Value of benefit claims payable at end of year | 2016-12-31 | $619,321 |
| Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $8,466,136 |
| 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 | $8,986,055 |
| Aggregate carrying amount (costs) on sale of assets | 2016-12-31 | $9,013,569 |
| 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 | HOGANTAYLOR LLP |
| Accountancy firm EIN | 2016-12-31 | 731413977 |
| 2015 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2015 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2015-12-31 | $-522,917 |
| Total unrealized appreciation/depreciation of assets | 2015-12-31 | $-522,917 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $8,475,697 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $9,831,540 |
| Total income from all sources (including contributions) | 2015-12-31 | $2,813,287 |
| Total loss/gain on sale of assets | 2015-12-31 | $-36,165 |
| Total of all expenses incurred | 2015-12-31 | $4,425,835 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $4,372,939 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $2,384,210 |
| Value of total assets at end of year | 2015-12-31 | $45,996,605 |
| Value of total assets at beginning of year | 2015-12-31 | $48,964,996 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $52,896 |
| Total interest from all sources | 2015-12-31 | $249,859 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $738,300 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $621,693 |
| Administrative expenses professional fees incurred | 2015-12-31 | $27,475 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Contributions received from participants | 2015-12-31 | $740,792 |
| Participant contributions at end of year | 2015-12-31 | $21,479 |
| Participant contributions at beginning of year | 2015-12-31 | $30,735 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $13,715 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $119,050 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $156,721 |
| Liabilities. Value of operating payables at end of year | 2015-12-31 | $9,561 |
| Liabilities. Value of operating payables at beginning of year | 2015-12-31 | $11,908 |
| Total non interest bearing cash at end of year | 2015-12-31 | $7,029 |
| Total non interest bearing cash at beginning of year | 2015-12-31 | $2,596 |
| 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 | $-1,612,548 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $37,520,908 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $39,133,456 |
| 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 |
| Investment advisory and management fees | 2015-12-31 | $25,421 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $27,949,071 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $28,666,438 |
| Income. Interest from US Government securities | 2015-12-31 | $119,359 |
| Income. Interest from corporate debt instruments | 2015-12-31 | $130,027 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $961,346 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $875,802 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $875,802 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $473 |
| Asset value of US Government securities at end of year | 2015-12-31 | $6,993,189 |
| Asset value of US Government securities at beginning of year | 2015-12-31 | $9,652,300 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | Yes |
| 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 | $1,792,245 |
| Assets. Invements in employer securities at beginning of year | 2015-12-31 | $2,524,004 |
| Contributions received in cash from employer | 2015-12-31 | $1,629,703 |
| Employer contributions (assets) at end of year | 2015-12-31 | $1,045,114 |
| Employer contributions (assets) at beginning of year | 2015-12-31 | $1,088,718 |
| Income. Dividends from common stock | 2015-12-31 | $116,607 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $4,372,939 |
| Asset. Corporate debt instrument debt (other) at end of year | 2015-12-31 | $7,108,082 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2015-12-31 | $5,967,682 |
| Liabilities. Value of benefit claims payable at end of year | 2015-12-31 | $8,466,136 |
| Liabilities. Value of benefit claims payable at beginning of year | 2015-12-31 | $9,819,632 |
| 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 | $11,499,194 |
| Aggregate carrying amount (costs) on sale of assets | 2015-12-31 | $11,535,359 |
| 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 | NORRIS TAYLOR & CO |
| Accountancy firm EIN | 2015-12-31 | 710534074 |
| 2014 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $1,831,780 |
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $1,831,780 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $9,831,270 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $7,441,222 |
| Total income from all sources (including contributions) | 2014-12-31 | $5,370,821 |
| Total loss/gain on sale of assets | 2014-12-31 | $131,509 |
| Total of all expenses incurred | 2014-12-31 | $6,331,745 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $6,293,728 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $2,322,132 |
| Value of total assets at end of year | 2014-12-31 | $48,964,996 |
| Value of total assets at beginning of year | 2014-12-31 | $47,535,872 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $38,017 |
| Total interest from all sources | 2014-12-31 | $328,736 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $756,664 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $592,305 |
| Administrative expenses professional fees incurred | 2014-12-31 | $12,853 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $693,372 |
| Participant contributions at end of year | 2014-12-31 | $30,735 |
| Participant contributions at beginning of year | 2014-12-31 | $25,116 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $4,730 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $156,721 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $249,082 |
| Administrative expenses (other) incurred | 2014-12-31 | $2,503 |
| Liabilities. Value of operating payables at end of year | 2014-12-31 | $11,908 |
| Liabilities. Value of operating payables at beginning of year | 2014-12-31 | $10,997 |
| Total non interest bearing cash at end of year | 2014-12-31 | $2,596 |
| 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 | $-960,924 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $39,133,726 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $40,094,650 |
| 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 |
| Investment advisory and management fees | 2014-12-31 | $22,661 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $28,666,438 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $25,111,622 |
| Income. Interest from US Government securities | 2014-12-31 | $163,816 |
| Income. Interest from corporate debt instruments | 2014-12-31 | $164,736 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $875,802 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $1,442,078 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $1,442,078 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $184 |
| Asset value of US Government securities at end of year | 2014-12-31 | $9,652,300 |
| Asset value of US Government securities at beginning of year | 2014-12-31 | $7,798,610 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | Yes |
| 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 | $2,524,004 |
| Assets. Invements in employer securities at beginning of year | 2014-12-31 | $4,831,295 |
| Contributions received in cash from employer | 2014-12-31 | $1,624,030 |
| Employer contributions (assets) at end of year | 2014-12-31 | $1,088,718 |
| Employer contributions (assets) at beginning of year | 2014-12-31 | $1,131,967 |
| Income. Dividends from common stock | 2014-12-31 | $164,359 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $6,293,728 |
| Asset. Corporate debt instrument debt (other) at end of year | 2014-12-31 | $5,967,682 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2014-12-31 | $6,946,102 |
| Liabilities. Value of benefit claims payable at end of year | 2014-12-31 | $9,819,362 |
| Liabilities. Value of benefit claims payable at beginning of year | 2014-12-31 | $7,430,225 |
| 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 | $10,420,809 |
| Aggregate carrying amount (costs) on sale of assets | 2014-12-31 | $10,289,300 |
| 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 | NORRIS TAYLOR & CO. |
| Accountancy firm EIN | 2014-12-31 | 710534074 |
| 2013 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $5,248,749 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $5,248,749 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $7,441,222 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $8,297,734 |
| Total income from all sources (including contributions) | 2013-12-31 | $9,313,180 |
| Total loss/gain on sale of assets | 2013-12-31 | $499,742 |
| Total of all expenses incurred | 2013-12-31 | $3,283,134 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $3,245,773 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $2,447,487 |
| Value of total assets at end of year | 2013-12-31 | $47,535,872 |
| Value of total assets at beginning of year | 2013-12-31 | $42,362,338 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $37,361 |
| Total interest from all sources | 2013-12-31 | $340,569 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $776,633 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $503,668 |
| Administrative expenses professional fees incurred | 2013-12-31 | $17,901 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $651,216 |
| Participant contributions at end of year | 2013-12-31 | $25,116 |
| Participant contributions at beginning of year | 2013-12-31 | $24,771 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $235,922 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $249,082 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $91,524 |
| Liabilities. Value of operating payables at end of year | 2013-12-31 | $10,997 |
| 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 | $6,030,046 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $40,094,650 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $34,064,604 |
| 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 |
| Investment advisory and management fees | 2013-12-31 | $19,460 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $25,111,622 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $20,326,080 |
| Income. Interest from US Government securities | 2013-12-31 | $166,280 |
| Income. Interest from corporate debt instruments | 2013-12-31 | $174,048 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $1,442,078 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $1,416,800 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $1,416,800 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $241 |
| Asset value of US Government securities at end of year | 2013-12-31 | $7,798,610 |
| Asset value of US Government securities at beginning of year | 2013-12-31 | $9,987,163 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | Yes |
| 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 | $4,831,295 |
| Assets. Invements in employer securities at beginning of year | 2013-12-31 | $5,272,290 |
| Contributions received in cash from employer | 2013-12-31 | $1,560,349 |
| Employer contributions (assets) at end of year | 2013-12-31 | $1,131,967 |
| Employer contributions (assets) at beginning of year | 2013-12-31 | $1,036,820 |
| Income. Dividends from common stock | 2013-12-31 | $272,965 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $3,245,773 |
| Asset. Corporate debt instrument debt (other) at end of year | 2013-12-31 | $6,946,102 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2013-12-31 | $4,206,890 |
| Liabilities. Value of benefit claims payable at end of year | 2013-12-31 | $7,430,225 |
| Liabilities. Value of benefit claims payable at beginning of year | 2013-12-31 | $8,297,734 |
| 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 | $13,453,945 |
| Aggregate carrying amount (costs) on sale of assets | 2013-12-31 | $12,954,203 |
| 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 | NORRIS TAYLOR & CO |
| Accountancy firm EIN | 2013-12-31 | 710534074 |
| 2012 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $1,835,723 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $1,835,723 |
| Total transfer of assets to this plan | 2012-12-31 | $11,716 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $8,297,734 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $8,984,070 |
| Total income from all sources (including contributions) | 2012-12-31 | $5,557,783 |
| Total loss/gain on sale of assets | 2012-12-31 | $326,979 |
| Total of all expenses incurred | 2012-12-31 | $3,573,194 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $3,543,037 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $2,213,915 |
| Value of total assets at end of year | 2012-12-31 | $42,362,338 |
| Value of total assets at beginning of year | 2012-12-31 | $41,064,085 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $30,157 |
| Total interest from all sources | 2012-12-31 | $335,930 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $436,544 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Administrative expenses professional fees incurred | 2012-12-31 | $22,584 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $681,096 |
| Participant contributions at end of year | 2012-12-31 | $24,771 |
| Participant contributions at beginning of year | 2012-12-31 | $3,239 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $11,716 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $91,524 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $298,965 |
| 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 | $1,984,589 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $34,064,604 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $32,080,015 |
| 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 |
| Investment advisory and management fees | 2012-12-31 | $7,573 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $20,326,080 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $17,564,119 |
| Income. Interest from US Government securities | 2012-12-31 | $190,656 |
| Income. Interest from corporate debt instruments | 2012-12-31 | $145,059 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $1,416,800 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $1,039,777 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $1,039,777 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $215 |
| Asset value of US Government securities at end of year | 2012-12-31 | $9,987,163 |
| Asset value of US Government securities at beginning of year | 2012-12-31 | $11,926,416 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $408,692 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | Yes |
| 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 | $5,272,290 |
| Assets. Invements in employer securities at beginning of year | 2012-12-31 | $6,966,960 |
| Contributions received in cash from employer | 2012-12-31 | $1,521,103 |
| Employer contributions (assets) at end of year | 2012-12-31 | $1,036,820 |
| Employer contributions (assets) at beginning of year | 2012-12-31 | $1,082,756 |
| Income. Dividends from common stock | 2012-12-31 | $436,544 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $3,543,037 |
| Asset. Corporate debt instrument debt (other) at end of year | 2012-12-31 | $4,206,890 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $2,181,853 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $8,297,734 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $8,984,070 |
| 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 | $13,076,101 |
| Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $12,749,122 |
| 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 | NORRIS TAYLOR & CO |
| Accountancy firm EIN | 2012-12-31 | 710534074 |
| 2011 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-1,319,266 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-1,319,266 |
| Total transfer of assets to this plan | 2011-12-31 | $173,934 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $8,984,070 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $2,289,313 |
| Total income from all sources (including contributions) | 2011-12-31 | $2,173,755 |
| Total loss/gain on sale of assets | 2011-12-31 | $-278,658 |
| Total of all expenses incurred | 2011-12-31 | $8,464,810 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $8,446,101 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $2,497,151 |
| Value of total assets at end of year | 2011-12-31 | $41,064,085 |
| Value of total assets at beginning of year | 2011-12-31 | $40,660,383 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $18,709 |
| Total interest from all sources | 2011-12-31 | $361,087 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $913,441 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $499,321 |
| Administrative expenses professional fees incurred | 2011-12-31 | $11,191 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $727,435 |
| Participant contributions at end of year | 2011-12-31 | $3,239 |
| Participant contributions at beginning of year | 2011-12-31 | $843 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $173,934 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $298,965 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $342,260 |
| 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 | $-6,291,055 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $32,080,015 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $38,371,070 |
| 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 |
| Investment advisory and management fees | 2011-12-31 | $7,518 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $17,564,119 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $16,394,552 |
| Income. Interest from US Government securities | 2011-12-31 | $303,909 |
| Income. Interest from corporate debt instruments | 2011-12-31 | $56,962 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $1,039,777 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $997,875 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $997,875 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $216 |
| Asset value of US Government securities at end of year | 2011-12-31 | $11,926,416 |
| Asset value of US Government securities at beginning of year | 2011-12-31 | $12,551,425 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
| 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 | $6,966,960 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $8,367,840 |
| Contributions received in cash from employer | 2011-12-31 | $1,595,782 |
| Employer contributions (assets) at end of year | 2011-12-31 | $1,082,756 |
| Employer contributions (assets) at beginning of year | 2011-12-31 | $1,055,328 |
| Income. Dividends from common stock | 2011-12-31 | $414,120 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $8,446,101 |
| Asset. Corporate debt instrument debt (other) at end of year | 2011-12-31 | $2,181,853 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2011-12-31 | $950,260 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $8,984,070 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $2,289,313 |
| 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 | $9,398,925 |
| Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $9,677,583 |
| 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 | NORRIS TAYLOR & CO. |
| Accountancy firm EIN | 2011-12-31 | 710534074 |
| 2010 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $3,047,453 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $3,047,453 |
| Total transfer of assets to this plan | 2010-12-31 | $32,811 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $2,289,313 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $1,991,313 |
| Total income from all sources (including contributions) | 2010-12-31 | $6,553,169 |
| Total loss/gain on sale of assets | 2010-12-31 | $11,534 |
| Total of all expenses incurred | 2010-12-31 | $1,856,809 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $1,837,928 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $2,368,625 |
| Value of total assets at end of year | 2010-12-31 | $40,660,383 |
| Value of total assets at beginning of year | 2010-12-31 | $35,666,023 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $18,881 |
| Total interest from all sources | 2010-12-31 | $415,020 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $710,537 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $254,255 |
| Administrative expenses professional fees incurred | 2010-12-31 | $12,428 |
| 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 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $726,561 |
| Participant contributions at end of year | 2010-12-31 | $843 |
| Participant contributions at beginning of year | 2010-12-31 | $1,402 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $32,811 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $116,972 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $119,577 |
| Total non interest bearing cash at end of year | 2010-12-31 | $225,288 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $314,128 |
| 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 | $4,696,360 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $38,371,070 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $33,674,710 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Investment advisory and management fees | 2010-12-31 | $6,453 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $16,394,552 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $14,087,415 |
| Income. Interest from US Government securities | 2010-12-31 | $385,708 |
| Income. Interest from corporate debt instruments | 2010-12-31 | $28,663 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $997,875 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $49,017 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $49,017 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $649 |
| Asset value of US Government securities at end of year | 2010-12-31 | $12,551,425 |
| Asset value of US Government securities at beginning of year | 2010-12-31 | $11,812,288 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
| 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 | $8,367,840 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $7,690,410 |
| Contributions received in cash from employer | 2010-12-31 | $1,609,253 |
| Employer contributions (assets) at end of year | 2010-12-31 | $1,055,328 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $1,079,386 |
| Income. Dividends from common stock | 2010-12-31 | $456,282 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $1,837,928 |
| Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $950,260 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $512,400 |
| Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $2,289,313 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $1,991,313 |
| 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 | $4,535,423 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $4,523,889 |
| 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 | NORRIS TAYLOR & CO. |
| Accountancy firm EIN | 2010-12-31 | 710534074 |
