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FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameFIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN
Plan identification number 003

FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (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 EMPLOYEES STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01LEE ANN NEIDECKER2023-10-16
0032021-01-01
0032015-01-01BARBARA BETHELL BARBARA BETHELL2016-10-11
0032014-01-01BARBARA BETHELL BARBARA BETHELL2015-10-11
0032013-01-01BARBARA BETHELL BARBARA BETHELL2014-10-12
0032012-01-01BARBARA BETHELL BARBARA BETHELL2013-10-10
0032011-01-01BARBARA BETHELL BARBARA BETHELL2012-10-11
0032009-01-01BARBARA BETHELL BARBARA BETHELL2010-10-07

Plan Statistics for FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN

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

Measure Date Value
2022: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01505
Total number of active participants reported on line 7a of the Form 55002022-01-01434
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01103
Total of all active and inactive participants2022-01-01537
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-01539
Number of participants with account balances2022-01-01539
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01463
Total number of active participants reported on line 7a of the Form 55002021-01-01422
Number of other retired or separated participants entitled to future benefits2021-01-0181
Total of all active and inactive participants2021-01-01503
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01505
Number of participants with account balances2021-01-01505
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0116
2015: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01430
Total number of active participants reported on line 7a of the Form 55002015-01-01349
Number of retired or separated participants receiving benefits2015-01-016
Number of other retired or separated participants entitled to future benefits2015-01-0124
Total of all active and inactive participants2015-01-01379
Total participants2015-01-01379
Number of participants with account balances2015-01-01379
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01432
Total number of active participants reported on line 7a of the Form 55002014-01-01398
Number of retired or separated participants receiving benefits2014-01-013
Number of other retired or separated participants entitled to future benefits2014-01-0129
Total of all active and inactive participants2014-01-01430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01430
Number of participants with account balances2014-01-01430
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01412
Total number of active participants reported on line 7a of the Form 55002013-01-01377
Number of retired or separated participants receiving benefits2013-01-0155
Total of all active and inactive participants2013-01-01432
Total participants2013-01-01432
Number of participants with account balances2013-01-01432
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-019
2012: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01425
Total number of active participants reported on line 7a of the Form 55002012-01-01383
Number of other retired or separated participants entitled to future benefits2012-01-0129
Total of all active and inactive participants2012-01-01412
Total participants2012-01-01412
Number of participants with account balances2012-01-01445
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01448
Total number of active participants reported on line 7a of the Form 55002011-01-01371
Number of retired or separated participants receiving benefits2011-01-016
Number of other retired or separated participants entitled to future benefits2011-01-0144
Total of all active and inactive participants2011-01-01421
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-014
Total participants2011-01-01425
Number of participants with account balances2011-01-01425
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-013
2009: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01410
Total number of active participants reported on line 7a of the Form 55002009-01-01403
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-0146
Total of all active and inactive participants2009-01-01450
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-01452
Number of participants with account balances2009-01-01452
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN

Measure Date Value
2022 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-1,027,443
Total unrealized appreciation/depreciation of assets2022-12-31$-1,027,443
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,004,241
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$1,787,642
Total of all expenses incurred2022-12-31$4,059,688
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,034,553
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,260,596
Value of total assets at end of year2022-12-31$29,120,249
Value of total assets at beginning of year2022-12-31$30,388,054
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$25,135
Total interest from all sources2022-12-31$7,386
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,614,785
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$9,291
Administrative expenses professional fees incurred2022-12-31$25,135
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$822,334
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$10
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,272,046
Value of net assets at end of year (total assets less liabilities)2022-12-31$28,116,008
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$30,388,054
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$584,799
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$153,816
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$998,735
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$998,735
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$7,386
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-67,682
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$26,681,248
Assets. Invements in employer securities at beginning of year2022-12-31$28,678,680
Contributions received in cash from employer2022-12-31$1,260,596
Employer contributions (assets) at end of year2022-12-31$878,052
Employer contributions (assets) at beginning of year2022-12-31$710,629
Income. Dividends from common stock2022-12-31$1,605,494
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,034,553
Liabilities. Value of benefit claims payable at end of year2022-12-31$1,004,241
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HOGANTAYLOR LLP
Accountancy firm EIN2022-12-31731413977
2021 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$3,118,902
Total unrealized appreciation/depreciation of assets2021-12-31$3,118,902
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$892,513
Total income from all sources (including contributions)2021-12-31$5,740,030
Total of all expenses incurred2021-12-31$2,489,605
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,461,975
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,110,908
Value of total assets at end of year2021-12-31$30,388,054
Value of total assets at beginning of year2021-12-31$28,030,142
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$27,630
Total interest from all sources2021-12-31$108
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,510,112
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$27,630
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$1,513,305
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$10
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$758,941
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$421,828
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$3,250,425
Value of net assets at end of year (total assets less liabilities)2021-12-31$30,388,054
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$27,137,629
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$998,735
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$28,502
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$28,502
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$108
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$28,678,680
Assets. Invements in employer securities at beginning of year2021-12-31$26,557,479
Contributions received in cash from employer2021-12-31$1,110,908
Employer contributions (assets) at end of year2021-12-31$710,629
Employer contributions (assets) at beginning of year2021-12-31$685,220
Income. Dividends from common stock2021-12-31$1,510,112
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,461,975
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$470,685
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HOGANTAYLOR LLP
Accountancy firm EIN2021-12-31731413977
2015 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$1,468,852
Total unrealized appreciation/depreciation of assets2015-12-31$1,468,852
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$5,032,014
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$2,384,128
Total income from all sources (including contributions)2015-12-31$3,610,764
Total of all expenses incurred2015-12-31$3,590,988
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,563,019
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$837,940
Value of total assets at end of year2015-12-31$25,949,785
Value of total assets at beginning of year2015-12-31$23,282,123
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$27,969
Total interest from all sources2015-12-31$70
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,303,902
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$2,549
Administrative expenses professional fees incurred2015-12-31$27,969
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$1,389,679
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$672,494
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$652,191
Total non interest bearing cash at end of year2015-12-31$2,053
Total non interest bearing cash at beginning of year2015-12-31$1,189
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$19,776
Value of net assets at end of year (total assets less liabilities)2015-12-31$20,917,771
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$20,897,995
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$122,915
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$121,262
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$1,750,012
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$75,395
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$75,395
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$70
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$23,080,015
Assets. Invements in employer securities at beginning of year2015-12-31$22,014,740
Contributions received in cash from employer2015-12-31$837,940
Employer contributions (assets) at end of year2015-12-31$322,296
Employer contributions (assets) at beginning of year2015-12-31$417,346
Income. Dividends from common stock2015-12-31$1,301,353
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,563,019
Liabilities. Value of benefit claims payable at end of year2015-12-31$3,325,959
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$2,384,128
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$1,706,055
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2015-12-31710534074
2014 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$1,362,485
Total unrealized appreciation/depreciation of assets2014-12-31$1,362,485
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,384,128
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,547,297
Total income from all sources (including contributions)2014-12-31$3,466,196
Total of all expenses incurred2014-12-31$1,015,862
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$984,994
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$832,121
Value of total assets at end of year2014-12-31$23,282,123
Value of total assets at beginning of year2014-12-31$20,994,958
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$30,868
Total interest from all sources2014-12-31$62
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,271,528
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$2,218
Administrative expenses professional fees incurred2014-12-31$28,368
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$222,076
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$652,191
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$606,956
Administrative expenses (other) incurred2014-12-31$2,500
Liabilities. Value of operating payables at beginning of year2014-12-31$122,955
Total non interest bearing cash at end of year2014-12-31$1,189
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$2,450,334
Value of net assets at end of year (total assets less liabilities)2014-12-31$20,897,995
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$18,447,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$121,262
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$106,699
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$75,395
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$89,018
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$89,018
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$62
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$22,014,740
Assets. Invements in employer securities at beginning of year2014-12-31$19,773,955
Contributions received in cash from employer2014-12-31$832,121
Employer contributions (assets) at end of year2014-12-31$417,346
Employer contributions (assets) at beginning of year2014-12-31$418,330
Income. Dividends from common stock2014-12-31$1,269,310
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$984,994
Liabilities. Value of benefit claims payable at end of year2014-12-31$2,384,128
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$2,424,342
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2014-12-31710534074
2013 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$1,786,307
Total unrealized appreciation/depreciation of assets2013-12-31$1,786,307
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,547,297
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,663,128
Total income from all sources (including contributions)2013-12-31$3,666,501
Total of all expenses incurred2013-12-31$2,512,910
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,489,826
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$801,014
Value of total assets at end of year2013-12-31$20,994,958
Value of total assets at beginning of year2013-12-31$19,957,198
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$23,084
Total interest from all sources2013-12-31$97
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,079,083
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,938
Administrative expenses professional fees incurred2013-12-31$22,084
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$2,134,117
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$606,956
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$2
Administrative expenses (other) incurred2013-12-31$1,000
Liabilities. Value of operating payables at end of year2013-12-31$122,955
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,153,591
Value of net assets at end of year (total assets less liabilities)2013-12-31$18,447,661
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$17,294,070
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$106,699
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$80,690
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$89,018
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$216,105
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$216,105
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$97
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$19,773,955
Assets. Invements in employer securities at beginning of year2013-12-31$19,164,760
Contributions received in cash from employer2013-12-31$801,014
Employer contributions (assets) at end of year2013-12-31$418,330
Employer contributions (assets) at beginning of year2013-12-31$495,641
Income. Dividends from common stock2013-12-31$1,077,145
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$2,489,826
Liabilities. Value of benefit claims payable at end of year2013-12-31$2,424,342
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$2,663,128
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$56
Aggregate carrying amount (costs) on sale of assets2013-12-31$56
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2013-12-31710534074
2012 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-199,105
Total unrealized appreciation/depreciation of assets2012-12-31$-199,105
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$2,663,128
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$3,811,388
Total income from all sources (including contributions)2012-12-31$1,989,380
Total loss/gain on sale of assets2012-12-31$2,897
Total of all expenses incurred2012-12-31$620,310
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$604,870
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$772,178
Value of total assets at end of year2012-12-31$19,957,198
Value of total assets at beginning of year2012-12-31$19,736,388
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$15,440
Total interest from all sources2012-12-31$217
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,413,193
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$2,999
Administrative expenses professional fees incurred2012-12-31$15,440
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$648,730
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$2
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$544,813
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,369,070
Value of net assets at end of year (total assets less liabilities)2012-12-31$17,294,070
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$15,925,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$80,690
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$102,062
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$216,105
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$419,930
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$419,930
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$19,164,760
Assets. Invements in employer securities at beginning of year2012-12-31$18,118,100
Contributions received in cash from employer2012-12-31$772,178
Employer contributions (assets) at end of year2012-12-31$495,641
Employer contributions (assets) at beginning of year2012-12-31$551,483
Income. Dividends from common stock2012-12-31$1,410,194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$604,870
Liabilities. Value of benefit claims payable at end of year2012-12-31$2,663,128
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$3,811,388
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$119,310
Aggregate carrying amount (costs) on sale of assets2012-12-31$116,413
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2012-12-31710534074
2011 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,623,082
Total unrealized appreciation/depreciation of assets2011-12-31$-1,623,082
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,811,388
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$2,598,448
Total income from all sources (including contributions)2011-12-31$309,521
Total loss/gain on sale of assets2011-12-31$2,308
Total of all expenses incurred2011-12-31$4,104,952
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,088,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$810,641
Value of total assets at end of year2011-12-31$19,736,388
Value of total assets at beginning of year2011-12-31$22,318,879
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$16,615
Total interest from all sources2011-12-31$227
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,119,427
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$3,333
Administrative expenses professional fees incurred2011-12-31$16,615
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$1,967,520
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$544,813
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$571,408
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-3,795,431
Value of net assets at end of year (total assets less liabilities)2011-12-31$15,925,000
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$19,720,431
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$102,062
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$188,128
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$419,930
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$132,253
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$132,253
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$227
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$18,118,100
Assets. Invements in employer securities at beginning of year2011-12-31$20,866,560
Contributions received in cash from employer2011-12-31$810,641
Employer contributions (assets) at end of year2011-12-31$551,483
Employer contributions (assets) at beginning of year2011-12-31$560,530
Income. Dividends from common stock2011-12-31$1,116,094
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,088,337
Liabilities. Value of benefit claims payable at end of year2011-12-31$3,811,388
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$2,598,448
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$93,074
Aggregate carrying amount (costs) on sale of assets2011-12-31$90,766
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2011-12-31710534074
2010 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$2,585,838
Total unrealized appreciation/depreciation of assets2010-12-31$2,585,838
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,598,448
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,098,947
Total income from all sources (including contributions)2010-12-31$4,512,716
Total loss/gain on sale of assets2010-12-31$2,925
Total of all expenses incurred2010-12-31$1,645,144
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,627,235
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$820,894
Value of total assets at end of year2010-12-31$22,318,879
Value of total assets at beginning of year2010-12-31$18,951,806
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$17,909
Total interest from all sources2010-12-31$456
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,098,892
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$17,909
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$297,570
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$571,408
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$529,475
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,867,572
Value of net assets at end of year (total assets less liabilities)2010-12-31$19,720,431
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$16,852,859
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$188,128
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$166,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$132,253
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$91,242
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$91,242
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$456
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,711
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$20,866,560
Assets. Invements in employer securities at beginning of year2010-12-31$17,627,610
Contributions received in cash from employer2010-12-31$820,894
Employer contributions (assets) at end of year2010-12-31$560,530
Employer contributions (assets) at beginning of year2010-12-31$536,917
Income. Dividends from common stock2010-12-31$1,098,892
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,627,235
Liabilities. Value of benefit claims payable at end of year2010-12-31$2,598,448
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$2,098,947
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$93,652
Aggregate carrying amount (costs) on sale of assets2010-12-31$90,727
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31NORRIS TAYLOR & CO.
Accountancy firm EIN2010-12-31710534074
2009 : FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$477,020

Form 5500 Responses for FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN

2022: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2015: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FIRST BANK CORP EMPLOYEES STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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