401k Plan data: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN plan

FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FIRST BANK CORP has sponsored the creation of one or more 401k plans.

Company Name: FIRST BANK CORP

Employer identification number (EIN): 710682703

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01 HOGANTAYLOR LLP PREPARER
002 2016-01-01 HOGANTAYLOR LLP PREPARER

Plan Statistics for FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 465
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 386
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 75
Total of all active and inactive participants 2020-01-01 461
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 2
Total participants 2020-01-01 463
Number of participants with account balances 2020-01-01 463
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 7
2019: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 411
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 380
Number of other retired or separated participants entitled to future benefits 2019-01-01 84
Total of all active and inactive participants 2019-01-01 464
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 465
Number of participants with account balances 2019-01-01 465
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 6
2018: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 395
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 411
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 38
Total of all active and inactive participants 2018-01-01 449
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 450
Number of participants with account balances 2018-01-01 411
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 7
2017: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 398
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 345
Number of other retired or separated participants entitled to future benefits 2017-01-01 50
Total of all active and inactive participants 2017-01-01 395
Total participants 2017-01-01 395
Number of participants with account balances 2017-01-01 395
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 13
2016: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 423
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 348
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 50
Total of all active and inactive participants 2016-01-01 398
Total participants 2016-01-01 398
Number of participants with account balances 2016-01-01 398
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 9

Measure	Date	Value
2020: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	465
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	386
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	75
Total of all active and inactive participants	2020-01-01	461
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	2
Total participants	2020-01-01	463
Number of participants with account balances	2020-01-01	463
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	7
2019: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	411
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	380
Number of other retired or separated participants entitled to future benefits	2019-01-01	84
Total of all active and inactive participants	2019-01-01	464
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	465
Number of participants with account balances	2019-01-01	465
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	6
2018: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	395
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	411
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	38
Total of all active and inactive participants	2018-01-01	449
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	450
Number of participants with account balances	2018-01-01	411
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	7
2017: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	398
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	345
Number of other retired or separated participants entitled to future benefits	2017-01-01	50
Total of all active and inactive participants	2017-01-01	395
Total participants	2017-01-01	395
Number of participants with account balances	2017-01-01	395
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	13
2016: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	423
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	348
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	50
Total of all active and inactive participants	2016-01-01	398
Total participants	2016-01-01	398
Number of participants with account balances	2016-01-01	398
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	9

Financial Data on FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2020 : FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$-4,162,378
Total unrealized appreciation/depreciation of assets	2020-12-31	$-4,162,378
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$892,513
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$718,975
Expenses. Interest paid	2020-12-31	$1,962
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2020-12-31	$1,962
Total income from all sources (including contributions)	2020-12-31	$-1,605,964
Total of all expenses incurred	2020-12-31	$2,310,960
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$2,256,934
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,068,573
Value of total assets at end of year	2020-12-31	$28,030,142
Value of total assets at beginning of year	2020-12-31	$31,773,528
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$52,064
Total interest from all sources	2020-12-31	$1,951
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$1,485,890
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$52,064
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$152,910
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$758,941
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$721,141
Liabilities. Value of operating payables at end of year	2020-12-31	$421,828
Liabilities. Value of operating payables at beginning of year	2020-12-31	$187,453
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	$-3,916,924
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$27,137,629
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$31,054,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$28,502
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$187,187
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$187,187
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$1,951
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Assets. Invements in employer securities at end of year	2020-12-31	$26,557,479
Assets. Invements in employer securities at beginning of year	2020-12-31	$30,488,460
Contributions received in cash from employer	2020-12-31	$1,068,573
Employer contributions (assets) at end of year	2020-12-31	$685,220
Employer contributions (assets) at beginning of year	2020-12-31	$376,740
Income. Dividends from common stock	2020-12-31	$1,485,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$2,256,934
Liabilities. Value of benefit claims payable at end of year	2020-12-31	$470,685
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$129,952
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$401,570
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 EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$3,167,084
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$3,167,084
Total unrealized appreciation/depreciation of assets	2019-12-31	$3,167,084
Total unrealized appreciation/depreciation of assets	2019-12-31	$3,167,084
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$718,975
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$718,975
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$1,854,029
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$1,854,029
Expenses. Interest paid	2019-12-31	$26,633
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$26,633
Expenses. Interest paid	2019-12-31	$26,633
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$26,633
Total income from all sources (including contributions)	2019-12-31	$5,526,618
Total income from all sources (including contributions)	2019-12-31	$5,526,618
Total of all expenses incurred	2019-12-31	$3,107,078
Total of all expenses incurred	2019-12-31	$3,107,078
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$3,044,193
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$3,044,193
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$940,038
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$940,038
Value of total assets at end of year	2019-12-31	$31,773,528
Value of total assets at end of year	2019-12-31	$31,773,528
Value of total assets at beginning of year	2019-12-31	$30,489,042
Value of total assets at beginning of year	2019-12-31	$30,489,042
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$36,252
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$36,252
Total interest from all sources	2019-12-31	$9,424
Total interest from all sources	2019-12-31	$9,424
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,410,072
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$1,410,072
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
Administrative expenses professional fees incurred	2019-12-31	$36,252
Administrative expenses professional fees incurred	2019-12-31	$36,252
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$2,463,687
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$721,141
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$721,141
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$741,556
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$741,556
Liabilities. Value of operating payables at end of year	2019-12-31	$187,453
Liabilities. Value of operating payables at end of year	2019-12-31	$187,453
Liabilities. Value of operating payables at beginning of year	2019-12-31	$187,453
Liabilities. Value of operating payables at beginning of year	2019-12-31	$187,453
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	$2,419,540
Value of net income/loss	2019-12-31	$2,419,540
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$31,054,553
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$31,054,553
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$28,635,013
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$28,635,013
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 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
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$187,187
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$187,187
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$37,327
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$37,327
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$37,327
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$37,327
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$9,424
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$9,424
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	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
Assets. Invements in employer securities at end of year	2019-12-31	$30,488,460
Assets. Invements in employer securities at end of year	2019-12-31	$30,488,460
Assets. Invements in employer securities at beginning of year	2019-12-31	$29,509,542
Assets. Invements in employer securities at beginning of year	2019-12-31	$29,509,542
Contributions received in cash from employer	2019-12-31	$940,038
Contributions received in cash from employer	2019-12-31	$940,038
Employer contributions (assets) at end of year	2019-12-31	$376,740
Employer contributions (assets) at end of year	2019-12-31	$376,740
Employer contributions (assets) at beginning of year	2019-12-31	$200,617
Employer contributions (assets) at beginning of year	2019-12-31	$200,617
Income. Dividends from common stock	2019-12-31	$1,410,072
Income. Dividends from common stock	2019-12-31	$1,410,072
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$3,044,193
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$3,044,193
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$129,952
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$129,952
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$347,156
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$347,156
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
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$401,570
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$401,570
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$1,319,420
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$1,319,420
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
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
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
Accountancy firm EIN	2019-12-31	731413977
2018 : FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$1,517,728
Total unrealized appreciation/depreciation of assets	2018-12-31	$1,517,728
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$1,854,029
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$2,362,311
Expenses. Interest paid	2018-12-31	$36,416
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2018-12-31	$36,416
Total income from all sources (including contributions)	2018-12-31	$3,798,247
Total of all expenses incurred	2018-12-31	$3,959,064
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$3,877,117
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$875,476
Value of total assets at end of year	2018-12-31	$30,489,042
Value of total assets at beginning of year	2018-12-31	$31,158,141
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$45,531
Total interest from all sources	2018-12-31	$17,108
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$1,387,938
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	$1,008
Administrative expenses professional fees incurred	2018-12-31	$45,531
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$3,359,466
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$741,556
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$680,643
Liabilities. Value of operating payables at end of year	2018-12-31	$187,453
Liabilities. Value of operating payables at beginning of year	2018-12-31	$166,017
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	$-160,817
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$28,635,013
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$28,795,830
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$88,373
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$37,327
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$1,132,063
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$1,132,063
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$17,108
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-3
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Assets. Invements in employer securities at end of year	2018-12-31	$29,509,542
Assets. Invements in employer securities at beginning of year	2018-12-31	$28,708,176
Contributions received in cash from employer	2018-12-31	$875,476
Employer contributions (assets) at end of year	2018-12-31	$200,617
Employer contributions (assets) at beginning of year	2018-12-31	$548,886
Income. Dividends from common stock	2018-12-31	$1,386,930
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$3,877,117
Liabilities. Value of benefit claims payable at end of year	2018-12-31	$347,156
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$1,067,243
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2018-12-31	$1,319,420
Liabilities. Value of acquisition indebtedness at beginning of year	2018-12-31	$1,129,051
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 EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$4,580,562
Total unrealized appreciation/depreciation of assets	2017-12-31	$4,580,562
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$2,362,311
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$1,972,097
Expenses. Interest paid	2017-12-31	$48,606
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2017-12-31	$48,606
Total income from all sources (including contributions)	2017-12-31	$6,809,918
Total of all expenses incurred	2017-12-31	$2,555,784
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$2,465,787
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$853,915
Value of total assets at end of year	2017-12-31	$31,158,141
Value of total assets at beginning of year	2017-12-31	$26,513,793
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$41,391
Total interest from all sources	2017-12-31	$9,148
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$1,342,584
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	$2,866
Administrative expenses professional fees incurred	2017-12-31	$41,391
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$694,904
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$680,643
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-31	$660,399
Liabilities. Value of operating payables at end of year	2017-12-31	$166,017
Liabilities. Value of operating payables at beginning of year	2017-12-31	$187,453
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	$4,254,134
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$28,795,830
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$24,541,696
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$88,373
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$209,852
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$1,132,063
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$333,366
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$333,366
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$9,148
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$23,709
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Assets. Invements in employer securities at end of year	2017-12-31	$28,708,176
Assets. Invements in employer securities at beginning of year	2017-12-31	$24,761,700
Contributions received in cash from employer	2017-12-31	$853,915
Employer contributions (assets) at end of year	2017-12-31	$548,886
Employer contributions (assets) at beginning of year	2017-12-31	$548,476
Income. Dividends from common stock	2017-12-31	$1,339,718
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$2,465,787
Liabilities. Value of benefit claims payable at end of year	2017-12-31	$1,067,243
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$310,352
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2017-12-31	$1,129,051
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-31	$1,474,292
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 EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$3,136,012
Total unrealized appreciation/depreciation of assets	2016-12-31	$3,136,012
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$1,972,097
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$5,032,014
Expenses. Interest paid	2016-12-31	$56,954
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2016-12-31	$56,954
Total income from all sources (including contributions)	2016-12-31	$5,392,603
Total of all expenses incurred	2016-12-31	$1,768,678
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,667,829
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$886,107
Value of total assets at end of year	2016-12-31	$26,513,793
Value of total assets at beginning of year	2016-12-31	$25,949,785
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$43,895
Total interest from all sources	2016-12-31	$1,173
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$1,356,133
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	$3,352
Administrative expenses professional fees incurred	2016-12-31	$43,895
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$3,886,209
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$660,399
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2016-12-31	$672,494
Liabilities. Value of operating payables at end of year	2016-12-31	$187,453
Total non interest bearing cash at beginning of year	2016-12-31	$2,053
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	$3,623,925
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$24,541,696
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$20,917,771
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$209,852
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$122,915
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$333,366
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$1,750,012
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$1,750,012
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$1,173
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$13,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$24,761,700
Assets. Invements in employer securities at beginning of year	2016-12-31	$23,080,015
Contributions received in cash from employer	2016-12-31	$886,107
Employer contributions (assets) at end of year	2016-12-31	$548,476
Employer contributions (assets) at beginning of year	2016-12-31	$322,296
Income. Dividends from common stock	2016-12-31	$1,352,781
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,667,829
Liabilities. Value of benefit claims payable at end of year	2016-12-31	$310,352
Liabilities. Value of benefit claims payable at beginning of year	2016-12-31	$3,325,959
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
Liabilities. Value of acquisition indebtedness at end of year	2016-12-31	$1,474,292
Liabilities. Value of acquisition indebtedness at beginning of year	2016-12-31	$1,706,055
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

Form 5500 Responses for FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN

2020: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FIRST BANK CORP EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FIRST BANK CORP
Employer identification number (EIN):	710682703
NAIC Classification:	522110
NAIC Description:	Commercial Banking