401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK plan

RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK
Plan identification number	001

RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name: FIRST BANK

Employer identification number (EIN): 750164917

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01 HOLLI MCCLAIN 2020-09-10
001 2019-01-01 HOLLI MCCLAIN 2020-09-10
001 2018-01-01 HOLLI MCCLAIN 2019-09-25
001 2017-01-01 HOLLI MCCLAIN 2018-06-06
001 2016-01-01 JERRY JOHNSON 2017-07-03
001 2015-01-01 JERRY JOHNSON 2016-07-12
001 2014-01-01 JERRY JOHNSON 2015-07-16 JERRY JOHNSON 2015-07-16
001 2013-01-01 JERRY JOHNSON 2014-07-08
001 2012-01-01 JERRY JOHNSON 2013-07-30 JERRY JOHNSON 2013-07-30
001 2011-01-01 JERRY JOHNSON 2012-08-31 JERRY JOHNSON 2012-08-31
001 2010-01-01 JERRY JOHNSON 2011-09-28 JERRY JOHNSON 2011-09-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2020-01-01	HOLLI MCCLAIN	2020-09-10
001	2019-01-01	HOLLI MCCLAIN	2020-09-10
001	2018-01-01	HOLLI MCCLAIN	2019-09-25
001	2017-01-01	HOLLI MCCLAIN	2018-06-06
001	2016-01-01	JERRY JOHNSON	2017-07-03
001	2015-01-01	JERRY JOHNSON	2016-07-12
001	2014-01-01	JERRY JOHNSON	2015-07-16	JERRY JOHNSON	2015-07-16
001	2013-01-01	JERRY JOHNSON	2014-07-08
001	2012-01-01	JERRY JOHNSON	2013-07-30	JERRY JOHNSON	2013-07-30
001	2011-01-01	JERRY JOHNSON	2012-08-31	JERRY JOHNSON	2012-08-31
001	2010-01-01	JERRY JOHNSON	2011-09-28	JERRY JOHNSON	2011-09-28

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK

Measure Date Value
2019: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2019 401k membership
Market value of plan assets 2019-12-31 2,417,740
Acturial value of plan assets 2019-12-31 2,417,740
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 1,719,297
Number of terminated vested participants 2019-12-31 16
Fundng target for terminated vested participants 2019-12-31 348,392
Active participant vested funding target 2019-12-31 517,026
Number of active participants 2019-12-31 16
Total funding liabilities for active participants 2019-12-31 517,026
Total participant count 2019-12-31 61
Total funding target for all participants 2019-12-31 2,584,715
Balance at beginning of prior year after applicable adjustments 2019-12-31 466,162
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 132,832
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 466,162
Amount remaining of prefunding balance 2019-12-31 132,832
Present value of excess contributions 2019-12-31 138,621
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 146,259
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 146,259
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 441,129
Balance of prefunding at beginning of current year 2019-12-31 271,958
Total employer contributions 2019-12-31 355,000
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 339,313
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 16,231
Net shortfall amortization installment of oustanding balance 2019-12-31 880,062
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 120,323
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 120,323
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 339,313
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2018 401k membership
Market value of plan assets 2018-12-31 2,411,087
Acturial value of plan assets 2018-12-31 2,411,087
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 1,682,034
Number of terminated vested participants 2018-12-31 16
Fundng target for terminated vested participants 2018-12-31 395,361
Active participant vested funding target 2018-12-31 473,827
Number of active participants 2018-12-31 19
Total funding liabilities for active participants 2018-12-31 473,827
Total participant count 2018-12-31 63
Total funding target for all participants 2018-12-31 2,551,222
Balance at beginning of prior year after applicable adjustments 2018-12-31 596,490
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 190,779
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 405,711
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 115,607
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 132,832
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 132,832
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 466,162
Balance of prefunding at beginning of current year 2018-12-31 132,832
Total employer contributions 2018-12-31 325,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 316,265
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 14,984
Net shortfall amortization installment of oustanding balance 2018-12-31 739,129
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 177,644
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 177,644
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 316,265
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2017 401k membership
Market value of plan assets 2017-12-31 2,145,837
Acturial value of plan assets 2017-12-31 2,145,837
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 1,257,945
Number of terminated vested participants 2017-12-31 16
Fundng target for terminated vested participants 2017-12-31 533,024
Active participant vested funding target 2017-12-31 708,715
Number of active participants 2017-12-31 23
Total funding liabilities for active participants 2017-12-31 708,715
Total participant count 2017-12-31 64
Total funding target for all participants 2017-12-31 2,499,684
Balance at beginning of prior year after applicable adjustments 2017-12-31 750,599
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 186,275
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 564,324
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 596,490
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 120,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 115,607
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 14,515
Net shortfall amortization installment of oustanding balance 2017-12-31 950,337
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 190,535
Carryover balance elected to use to offset funding requirement 2017-12-31 190,694
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 115,607
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2016 401k membership
Market value of plan assets 2016-12-31 2,192,732
Acturial value of plan assets 2016-12-31 2,192,732
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,292,326
Number of terminated vested participants 2016-12-31 16
Fundng target for terminated vested participants 2016-12-31 444,458
Active participant vested funding target 2016-12-31 732,651
Number of active participants 2016-12-31 26
Total funding liabilities for active participants 2016-12-31 732,651
Total participant count 2016-12-31 67
Total funding target for all participants 2016-12-31 2,469,435
Balance at beginning of prior year after applicable adjustments 2016-12-31 785,048
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 16,307
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 768,741
Amount remaining of prefunding balance 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 750,599
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 0
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 15,848
Net shortfall amortization installment of oustanding balance 2016-12-31 1,027,302
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 185,582
Carryover balance elected to use to offset funding requirement 2016-12-31 185,582
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2019: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2019 401k membership
Market value of plan assets	2019-12-31	2,417,740
Acturial value of plan assets	2019-12-31	2,417,740
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	1,719,297
Number of terminated vested participants	2019-12-31	16
Fundng target for terminated vested participants	2019-12-31	348,392
Active participant vested funding target	2019-12-31	517,026
Number of active participants	2019-12-31	16
Total funding liabilities for active participants	2019-12-31	517,026
Total participant count	2019-12-31	61
Total funding target for all participants	2019-12-31	2,584,715
Balance at beginning of prior year after applicable adjustments	2019-12-31	466,162
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	132,832
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	466,162
Amount remaining of prefunding balance	2019-12-31	132,832
Present value of excess contributions	2019-12-31	138,621
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	146,259
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	146,259
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	441,129
Balance of prefunding at beginning of current year	2019-12-31	271,958
Total employer contributions	2019-12-31	355,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	339,313
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	16,231
Net shortfall amortization installment of oustanding balance	2019-12-31	880,062
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	120,323
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	120,323
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	339,313
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2018 401k membership
Market value of plan assets	2018-12-31	2,411,087
Acturial value of plan assets	2018-12-31	2,411,087
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	1,682,034
Number of terminated vested participants	2018-12-31	16
Fundng target for terminated vested participants	2018-12-31	395,361
Active participant vested funding target	2018-12-31	473,827
Number of active participants	2018-12-31	19
Total funding liabilities for active participants	2018-12-31	473,827
Total participant count	2018-12-31	63
Total funding target for all participants	2018-12-31	2,551,222
Balance at beginning of prior year after applicable adjustments	2018-12-31	596,490
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	190,779
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	405,711
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	115,607
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	132,832
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	132,832
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	466,162
Balance of prefunding at beginning of current year	2018-12-31	132,832
Total employer contributions	2018-12-31	325,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	316,265
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	14,984
Net shortfall amortization installment of oustanding balance	2018-12-31	739,129
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	177,644
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	177,644
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	316,265
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2017 401k membership
Market value of plan assets	2017-12-31	2,145,837
Acturial value of plan assets	2017-12-31	2,145,837
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	1,257,945
Number of terminated vested participants	2017-12-31	16
Fundng target for terminated vested participants	2017-12-31	533,024
Active participant vested funding target	2017-12-31	708,715
Number of active participants	2017-12-31	23
Total funding liabilities for active participants	2017-12-31	708,715
Total participant count	2017-12-31	64
Total funding target for all participants	2017-12-31	2,499,684
Balance at beginning of prior year after applicable adjustments	2017-12-31	750,599
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	186,275
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	564,324
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	596,490
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	120,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	115,607
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	14,515
Net shortfall amortization installment of oustanding balance	2017-12-31	950,337
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	190,535
Carryover balance elected to use to offset funding requirement	2017-12-31	190,694
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	115,607
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: RETIREMENT PLAN FOR EMPLOYEES OF FIRST BANK 2016 401k membership
Market value of plan assets	2016-12-31	2,192,732
Acturial value of plan assets	2016-12-31	2,192,732
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,292,326
Number of terminated vested participants	2016-12-31	16
Fundng target for terminated vested participants	2016-12-31	444,458
Active participant vested funding target	2016-12-31	732,651
Number of active participants	2016-12-31	26
Total funding liabilities for active participants	2016-12-31	732,651
Total participant count	2016-12-31	67
Total funding target for all participants	2016-12-31	2,469,435
Balance at beginning of prior year after applicable adjustments	2016-12-31	785,048
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	16,307
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	768,741
Amount remaining of prefunding balance	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	750,599
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	15,848
Net shortfall amortization installment of oustanding balance	2016-12-31	1,027,302
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	185,582
Carryover balance elected to use to offset funding requirement	2016-12-31	185,582
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	FIRST BANK
Employer identification number (EIN):	750164917
NAIC Classification:	522110
NAIC Description:	Commercial Banking