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FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN
Plan identification number 001

FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FIRST AMERICAN BANK CORPORATION
Employer identification number (EIN):362782306
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about FIRST AMERICAN BANK CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2027124

More information about FIRST AMERICAN BANK CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DANIEL B. O'CONNOR2024-09-27
0012022-01-01DANIEL B. O'CONNOR2023-10-03
0012021-01-01DANIEL B. O'CONNOR2022-10-07
0012020-01-01DANIEL B. O'CONNOR2021-09-23
0012019-01-01DANIEL B. O'CONNOR2020-10-02
0012018-01-01DANIEL B. O'CONNOR2019-10-02
0012017-01-01
0012016-01-01JOHN ELLIS
0012015-01-01DANIEL B. O'CONNOR
0012014-01-01SUSAN BERCHIOLLI
0012013-01-01SUSAN BERCHIOLLI
0012012-01-01SUSAN BERCHIOLLI
0012011-01-01SUSAN BERCHIOLLI
0012009-01-01SUSAN BERCHIOLLI

Plan Statistics for FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN

Measure Date Value
2023: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,109
Total number of active participants reported on line 7a of the Form 55002023-01-01858
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01249
Total of all active and inactive participants2023-01-011,107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-011,107
Number of participants with account balances2023-01-011,092
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0125
2022: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,076
Total number of active participants reported on line 7a of the Form 55002022-01-01842
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01238
Total of all active and inactive participants2022-01-011,080
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-011,080
Number of participants with account balances2022-01-011,073
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0135
2021: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,032
Total number of active participants reported on line 7a of the Form 55002021-01-01815
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01218
Total of all active and inactive participants2021-01-011,033
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-011,033
Number of participants with account balances2021-01-011,029
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0145
2020: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01981
Total number of active participants reported on line 7a of the Form 55002020-01-01819
Number of retired or separated participants receiving benefits2020-01-0135
Number of other retired or separated participants entitled to future benefits2020-01-01141
Total of all active and inactive participants2020-01-01995
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01995
Number of participants with account balances2020-01-01989
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0120
2019: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01843
Total number of active participants reported on line 7a of the Form 55002019-01-01720
Number of retired or separated participants receiving benefits2019-01-0122
Number of other retired or separated participants entitled to future benefits2019-01-01142
Total of all active and inactive participants2019-01-01884
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01884
Number of participants with account balances2019-01-01876
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0123
2018: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01810
Total number of active participants reported on line 7a of the Form 55002018-01-01675
Number of retired or separated participants receiving benefits2018-01-0120
Number of other retired or separated participants entitled to future benefits2018-01-01123
Total of all active and inactive participants2018-01-01818
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01818
Number of participants with account balances2018-01-01811
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0119
2017: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01724
Total number of active participants reported on line 7a of the Form 55002017-01-01607
Number of retired or separated participants receiving benefits2017-01-0118
Number of other retired or separated participants entitled to future benefits2017-01-01103
Total of all active and inactive participants2017-01-01728
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01728
Number of participants with account balances2017-01-01726
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0126
2016: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01737
Total number of active participants reported on line 7a of the Form 55002016-01-01570
Number of retired or separated participants receiving benefits2016-01-0126
Number of other retired or separated participants entitled to future benefits2016-01-01107
Total of all active and inactive participants2016-01-01703
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01703
Number of participants with account balances2016-01-01696
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0131
2015: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01697
Total number of active participants reported on line 7a of the Form 55002015-01-01574
Number of retired or separated participants receiving benefits2015-01-0125
Number of other retired or separated participants entitled to future benefits2015-01-01116
Total of all active and inactive participants2015-01-01715
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01715
Number of participants with account balances2015-01-01710
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0127
2014: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01712
Total number of active participants reported on line 7a of the Form 55002014-01-01538
Number of retired or separated participants receiving benefits2014-01-0111
Number of other retired or separated participants entitled to future benefits2014-01-01113
Total of all active and inactive participants2014-01-01662
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01662
Number of participants with account balances2014-01-01654
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0134
2013: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01672
Total number of active participants reported on line 7a of the Form 55002013-01-01544
Number of retired or separated participants receiving benefits2013-01-0119
Number of other retired or separated participants entitled to future benefits2013-01-01125
Total of all active and inactive participants2013-01-01688
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01688
Number of participants with account balances2013-01-01678
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0128
2012: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01672
Total number of active participants reported on line 7a of the Form 55002012-01-01535
Number of retired or separated participants receiving benefits2012-01-0112
Number of other retired or separated participants entitled to future benefits2012-01-01106
Total of all active and inactive participants2012-01-01653
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01653
Number of participants with account balances2012-01-01640
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01702
Total number of active participants reported on line 7a of the Form 55002011-01-01536
Number of retired or separated participants receiving benefits2011-01-017
Number of other retired or separated participants entitled to future benefits2011-01-01111
Total of all active and inactive participants2011-01-01654
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01654
Number of participants with account balances2011-01-01654
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-01630
2009: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01707
Total number of active participants reported on line 7a of the Form 55002009-01-01547
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01117
Total of all active and inactive participants2009-01-01664
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01664
Number of participants with account balances2009-01-01647
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN

Measure Date Value
2023 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$17,877
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$1,500
Total income from all sources (including contributions)2023-12-31$35,035,206
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$8,730,346
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$8,722,810
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$8,665,772
Value of total assets at end of year2023-12-31$172,292,676
Value of total assets at beginning of year2023-12-31$145,971,439
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$7,536
Total interest from all sources2023-12-31$1,198
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$2,673,114
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$2,673,114
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$6,240,980
Participant contributions at end of year2023-12-31$12,204
Participant contributions at beginning of year2023-12-31$27,206
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$476,014
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$17,877
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$1,500
Total non interest bearing cash at end of year2023-12-31$17,877
Total non interest bearing cash at beginning of year2023-12-31$1,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$26,304,860
Value of net assets at end of year (total assets less liabilities)2023-12-31$172,274,799
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$145,969,939
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$7,536
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$102,792,996
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$82,749,982
Income. Interest from loans (other than to participants)2023-12-31$1,198
Value of interest in common/collective trusts at end of year2023-12-31$67,520,821
Value of interest in common/collective trusts at beginning of year2023-12-31$61,461,241
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$15,924,448
Net investment gain or loss from common/collective trusts2023-12-31$7,770,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$1,948,778
Employer contributions (assets) at end of year2023-12-31$1,948,778
Employer contributions (assets) at beginning of year2023-12-31$1,731,425
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$8,722,810
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2023-12-31320043599
2022 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,500
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$41,772
Total income from all sources (including contributions)2022-12-31$-22,509,632
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$11,803,034
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$11,792,104
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$9,113,686
Value of total assets at end of year2022-12-31$145,971,439
Value of total assets at beginning of year2022-12-31$180,324,377
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$10,930
Total interest from all sources2022-12-31$2,107
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$3,785,164
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$3,785,164
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
Contributions received from participants2022-12-31$5,744,469
Participant contributions at end of year2022-12-31$27,206
Participant contributions at beginning of year2022-12-31$42,470
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,637,792
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$1,500
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$41,772
Total non interest bearing cash at end of year2022-12-31$1,585
Total non interest bearing cash at beginning of year2022-12-31$41,857
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-34,312,666
Value of net assets at end of year (total assets less liabilities)2022-12-31$145,969,939
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$180,282,605
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
Investment advisory and management fees2022-12-31$10,930
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$82,749,982
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$100,518,305
Interest on participant loans2022-12-31$2,107
Value of interest in common/collective trusts at end of year2022-12-31$61,461,241
Value of interest in common/collective trusts at beginning of year2022-12-31$78,042,737
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-25,955,794
Net investment gain or loss from common/collective trusts2022-12-31$-9,454,795
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
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
Contributions received in cash from employer2022-12-31$1,731,425
Employer contributions (assets) at end of year2022-12-31$1,731,425
Employer contributions (assets) at beginning of year2022-12-31$1,679,008
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$11,792,104
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 name2022-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2022-12-31320043599
2021 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$41,772
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$9,192
Total income from all sources (including contributions)2021-12-31$34,790,430
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$6,907,394
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$6,847,986
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$9,512,135
Value of total assets at end of year2021-12-31$180,324,377
Value of total assets at beginning of year2021-12-31$152,408,761
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$59,408
Total interest from all sources2021-12-31$3,030
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$5,720,711
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$5,720,711
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$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$5,244,155
Participant contributions at end of year2021-12-31$42,470
Participant contributions at beginning of year2021-12-31$57,973
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$2,588,972
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$41,772
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$9,192
Total non interest bearing cash at end of year2021-12-31$41,857
Total non interest bearing cash at beginning of year2021-12-31$2,720,186
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$27,883,036
Value of net assets at end of year (total assets less liabilities)2021-12-31$180,282,605
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$152,399,569
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
Investment advisory and management fees2021-12-31$59,408
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$100,518,305
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$84,925,569
Interest on participant loans2021-12-31$3,030
Value of interest in common/collective trusts at end of year2021-12-31$78,042,737
Value of interest in common/collective trusts at beginning of year2021-12-31$63,114,564
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$11,377,728
Net investment gain or loss from common/collective trusts2021-12-31$8,176,826
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
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
Contributions received in cash from employer2021-12-31$1,679,008
Employer contributions (assets) at end of year2021-12-31$1,679,008
Employer contributions (assets) at beginning of year2021-12-31$1,590,469
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$6,847,986
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 name2021-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2021-12-31320043599
2020 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$2,768,967
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$9,192
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$6,766
Total income from all sources (including contributions)2020-12-31$28,023,702
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$5,947,662
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$5,924,601
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$6,832,171
Value of total assets at end of year2020-12-31$152,408,761
Value of total assets at beginning of year2020-12-31$127,561,328
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$23,061
Total interest from all sources2020-12-31$135
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,928,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,928,758
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$4,710,522
Participant contributions at end of year2020-12-31$57,973
Participant contributions at beginning of year2020-12-31$16
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$531,180
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$12,482
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$9,192
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$6,766
Other income not declared elsewhere2020-12-31$579
Total non interest bearing cash at end of year2020-12-31$2,720,186
Total non interest bearing cash at beginning of year2020-12-31$6,936
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$22,076,040
Value of net assets at end of year (total assets less liabilities)2020-12-31$152,399,569
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$127,554,562
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$23,061
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$84,925,569
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$71,683,067
Interest on participant loans2020-12-31$135
Value of interest in common/collective trusts at end of year2020-12-31$63,114,564
Value of interest in common/collective trusts at beginning of year2020-12-31$54,565,379
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$12,826,276
Net investment gain or loss from common/collective trusts2020-12-31$6,435,783
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,590,469
Employer contributions (assets) at end of year2020-12-31$1,590,469
Employer contributions (assets) at beginning of year2020-12-31$1,293,448
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$5,924,601
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2020-12-31320043599
2019 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$1,907,751
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$6,766
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$5,700
Total income from all sources (including contributions)2019-12-31$29,863,712
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$4,633,811
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,614,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$5,878,255
Value of total assets at end of year2019-12-31$127,561,328
Value of total assets at beginning of year2019-12-31$100,422,610
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$18,944
Total interest from all sources2019-12-31$110
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,735,997
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,735,997
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$3,805,709
Participant contributions at end of year2019-12-31$16
Participant contributions at beginning of year2019-12-31$1,886
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$779,098
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$12,482
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$6,766
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$5,700
Other income not declared elsewhere2019-12-31$175
Total non interest bearing cash at end of year2019-12-31$6,936
Total non interest bearing cash at beginning of year2019-12-31$179,917
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$25,229,901
Value of net assets at end of year (total assets less liabilities)2019-12-31$127,554,562
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$100,416,910
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$18,944
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$71,683,067
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$60,548,904
Interest on participant loans2019-12-31$110
Value of interest in common/collective trusts at end of year2019-12-31$54,565,379
Value of interest in common/collective trusts at beginning of year2019-12-31$38,465,107
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$13,526,180
Net investment gain or loss from common/collective trusts2019-12-31$7,722,995
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,293,448
Employer contributions (assets) at end of year2019-12-31$1,293,448
Employer contributions (assets) at beginning of year2019-12-31$1,226,796
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,614,867
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2019-12-31320043599
2018 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$5,700
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$364,297
Total income from all sources (including contributions)2018-12-31$206,049
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$5,317,511
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,284,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$4,899,900
Value of total assets at end of year2018-12-31$100,422,610
Value of total assets at beginning of year2018-12-31$105,892,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$33,105
Total interest from all sources2018-12-31$450
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$4,007,676
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$4,007,676
Administrative expenses professional fees incurred2018-12-31$33,105
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$3,490,302
Participant contributions at end of year2018-12-31$1,886
Participant contributions at beginning of year2018-12-31$7,504
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$182,802
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$3,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$5,700
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$364,297
Other income not declared elsewhere2018-12-31$10
Total non interest bearing cash at end of year2018-12-31$179,917
Total non interest bearing cash at beginning of year2018-12-31$364,297
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-5,111,462
Value of net assets at end of year (total assets less liabilities)2018-12-31$100,416,910
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$105,528,372
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$60,548,904
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$66,924,032
Interest on participant loans2018-12-31$450
Value of interest in common/collective trusts at end of year2018-12-31$38,465,107
Value of interest in common/collective trusts at beginning of year2018-12-31$37,561,347
Net investment gain or loss from common/collective trusts2018-12-31$-8,701,987
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,226,796
Employer contributions (assets) at end of year2018-12-31$1,226,796
Employer contributions (assets) at beginning of year2018-12-31$1,032,489
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,284,406
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2018-12-31320043599
2017 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$364,297
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$226,159
Total income from all sources (including contributions)2017-12-31$26,011,594
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$4,589,406
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$4,556,572
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$10,603,176
Value of total assets at end of year2017-12-31$105,892,669
Value of total assets at beginning of year2017-12-31$84,332,343
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$32,834
Total interest from all sources2017-12-31$1,201
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$3,547,512
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$3,547,512
Administrative expenses professional fees incurred2017-12-31$32,834
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$2,988,191
Participant contributions at end of year2017-12-31$7,504
Participant contributions at beginning of year2017-12-31$15,171
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$6,582,496
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$3,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$553
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$364,297
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$226,159
Other income not declared elsewhere2017-12-31$5,001
Total non interest bearing cash at end of year2017-12-31$364,297
Total non interest bearing cash at beginning of year2017-12-31$226,244
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$21,422,188
Value of net assets at end of year (total assets less liabilities)2017-12-31$105,528,372
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$84,106,184
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$66,924,032
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$49,420,796
Interest on participant loans2017-12-31$1,201
Value of interest in common/collective trusts at end of year2017-12-31$37,561,347
Value of interest in common/collective trusts at beginning of year2017-12-31$33,722,958
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$7,517,008
Net investment gain or loss from common/collective trusts2017-12-31$4,337,696
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,032,489
Employer contributions (assets) at end of year2017-12-31$1,032,489
Employer contributions (assets) at beginning of year2017-12-31$946,621
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$4,556,572
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2017-12-31320043599
2016 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$226,159
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$3,072
Total income from all sources (including contributions)2016-12-31$9,305,435
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$7,263,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$7,254,902
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$4,341,953
Value of total assets at end of year2016-12-31$84,332,343
Value of total assets at beginning of year2016-12-31$82,067,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$8,533
Total interest from all sources2016-12-31$1,644
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,388,025
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,388,025
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$2,765,890
Participant contributions at end of year2016-12-31$15,171
Participant contributions at beginning of year2016-12-31$22,768
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$629,442
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$553
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$226,159
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$3,072
Administrative expenses (other) incurred2016-12-31$8,533
Total non interest bearing cash at end of year2016-12-31$226,244
Total non interest bearing cash at beginning of year2016-12-31$94,133
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$2,042,000
Value of net assets at end of year (total assets less liabilities)2016-12-31$84,106,184
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$82,064,184
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$49,420,796
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$33,820,522
Interest on participant loans2016-12-31$1,644
Value of interest in common/collective trusts at end of year2016-12-31$33,722,958
Value of interest in common/collective trusts at beginning of year2016-12-31$47,171,444
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,362,648
Net investment gain or loss from common/collective trusts2016-12-31$1,211,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$946,621
Employer contributions (assets) at end of year2016-12-31$946,621
Employer contributions (assets) at beginning of year2016-12-31$958,389
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$7,254,902
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2016-12-31320043599
2015 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$12,835,085
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$3,072
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$4,105
Total income from all sources (including contributions)2015-12-31$3,270,957
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$8,694,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$8,668,702
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,237,274
Value of total assets at end of year2015-12-31$82,067,256
Value of total assets at beginning of year2015-12-31$74,656,307
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$25,358
Total interest from all sources2015-12-31$2,484
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,673,568
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$1,673,568
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,723,379
Participant contributions at end of year2015-12-31$22,768
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$555,506
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$3,072
Administrative expenses (other) incurred2015-12-31$25,358
Total non interest bearing cash at end of year2015-12-31$94,133
Total non interest bearing cash at beginning of year2015-12-31$49,844
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-5,423,103
Value of net assets at end of year (total assets less liabilities)2015-12-31$82,064,184
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$74,652,202
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$33,820,522
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$23,806,353
Interest on participant loans2015-12-31$2,484
Value of interest in common/collective trusts at end of year2015-12-31$47,171,444
Value of interest in common/collective trusts at beginning of year2015-12-31$50,124,881
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-2,434,638
Net investment gain or loss from common/collective trusts2015-12-31$-207,731
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
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
Contributions received in cash from employer2015-12-31$958,389
Employer contributions (assets) at end of year2015-12-31$958,389
Employer contributions (assets) at beginning of year2015-12-31$675,229
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$8,668,702
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$4,105
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2015-12-31320043599
2014 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$4,105
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$4,519
Total income from all sources (including contributions)2014-12-31$7,215,016
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$4,863,692
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$4,845,415
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,288,784
Value of total assets at end of year2014-12-31$74,656,307
Value of total assets at beginning of year2014-12-31$72,305,397
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$18,277
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,703,360
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$1,703,360
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,370,443
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$243,112
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$282,135
Administrative expenses (other) incurred2014-12-31$18,277
Total non interest bearing cash at end of year2014-12-31$49,844
Total non interest bearing cash at beginning of year2014-12-31$78,200
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$2,351,324
Value of net assets at end of year (total assets less liabilities)2014-12-31$74,652,202
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$72,300,878
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$23,806,353
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$21,826,319
Value of interest in common/collective trusts at end of year2014-12-31$50,124,881
Value of interest in common/collective trusts at beginning of year2014-12-31$49,795,063
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-730,954
Net investment gain or loss from common/collective trusts2014-12-31$2,953,826
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
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
Contributions received in cash from employer2014-12-31$675,229
Employer contributions (assets) at end of year2014-12-31$675,229
Employer contributions (assets) at beginning of year2014-12-31$323,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$4,845,415
Liabilities. Value of benefit claims payable at end of year2014-12-31$4,105
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$4,519
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)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2014-12-31320043599
2013 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$4,519
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$92,066
Total income from all sources (including contributions)2013-12-31$16,680,012
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$4,218,827
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$4,212,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,783,727
Value of total assets at end of year2013-12-31$72,305,397
Value of total assets at beginning of year2013-12-31$59,931,759
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$6,791
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$967,038
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$967,038
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$2,164,132
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$295,915
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$282,135
Administrative expenses (other) incurred2013-12-31$6,791
Total non interest bearing cash at end of year2013-12-31$78,200
Total non interest bearing cash at beginning of year2013-12-31$106,238
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$12,461,185
Value of net assets at end of year (total assets less liabilities)2013-12-31$72,300,878
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$59,839,693
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$21,826,319
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$18,846,799
Value of interest in common/collective trusts at end of year2013-12-31$49,795,063
Value of interest in common/collective trusts at beginning of year2013-12-31$40,659,075
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$3,253,529
Net investment gain or loss from common/collective trusts2013-12-31$9,675,718
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
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
Contributions received in cash from employer2013-12-31$323,680
Employer contributions (assets) at end of year2013-12-31$323,680
Employer contributions (assets) at beginning of year2013-12-31$319,647
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$4,212,036
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Liabilities. Value of benefit claims payable at end of year2013-12-31$4,519
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$92,066
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
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 name2013-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2013-12-31320043599
2012 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$92,066
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,033
Total income from all sources (including contributions)2012-12-31$8,911,013
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$3,755,308
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,746,577
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,362,326
Value of total assets at end of year2012-12-31$59,931,759
Value of total assets at beginning of year2012-12-31$54,703,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$8,731
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$704,388
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$704,388
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,990,392
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$52,287
Administrative expenses (other) incurred2012-12-31$8,731
Total non interest bearing cash at end of year2012-12-31$106,238
Total non interest bearing cash at beginning of year2012-12-31$56,621
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$5,155,705
Value of net assets at end of year (total assets less liabilities)2012-12-31$59,839,693
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$54,683,988
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$18,846,799
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$17,932,777
Value of interest in common/collective trusts at end of year2012-12-31$40,659,075
Value of interest in common/collective trusts at beginning of year2012-12-31$36,713,623
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,477,649
Net investment gain or loss from common/collective trusts2012-12-31$4,366,650
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
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
Contributions received in cash from employer2012-12-31$319,647
Employer contributions (assets) at end of year2012-12-31$319,647
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,746,577
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Liabilities. Value of benefit claims payable at end of year2012-12-31$92,066
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$19,033
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
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 name2012-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2012-12-31320043599
2011 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,033
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$284,295
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$3,179,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,160,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,232,553
Value of total assets at end of year2011-12-31$54,703,021
Value of total assets at beginning of year2011-12-31$57,579,082
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$19,306
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$747,713
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$747,713
Administrative expenses professional fees incurred2011-12-31$19,306
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$2,012,609
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$219,944
Total non interest bearing cash at end of year2011-12-31$56,621
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-2,895,094
Value of net assets at end of year (total assets less liabilities)2011-12-31$54,683,988
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$57,579,082
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$17,932,777
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$19,014,621
Value of interest in common/collective trusts at end of year2011-12-31$36,713,623
Value of interest in common/collective trusts at beginning of year2011-12-31$38,564,461
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-883,915
Net investment gain or loss from common/collective trusts2011-12-31$-1,812,056
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,160,083
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Liabilities. Value of benefit claims payable at end of year2011-12-31$19,033
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
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 name2011-12-31WEBER & ASSOCIATES CPA, LLC
Accountancy firm EIN2011-12-31363237633
2010 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$9,750,054
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,073,259
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,064,560
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,913,533
Value of total assets at end of year2010-12-31$57,579,082
Value of total assets at beginning of year2010-12-31$50,902,287
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$8,699
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$357,952
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$357,952
Administrative expenses professional fees incurred2010-12-31$8,699
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,817,106
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$96,427
Total non interest bearing cash at beginning of year2010-12-31$10,050
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$6,676,795
Value of net assets at end of year (total assets less liabilities)2010-12-31$57,579,082
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$50,902,287
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$19,014,621
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$17,490,811
Value of interest in common/collective trusts at end of year2010-12-31$38,564,461
Value of interest in common/collective trusts at beginning of year2010-12-31$33,401,426
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,787,165
Net investment gain or loss from common/collective trusts2010-12-31$5,691,404
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,064,560
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
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 name2010-12-31WEBER & ASSOCIATES CPA, LLC
Accountancy firm EIN2010-12-31363237633
2009 : FIRST AMERICAN BANK CORPORATION PROFIT SHARING 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$0

Form 5500 Responses for FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN

2023: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FIRST AMERICAN BANK CORPORATION PROFIT SHARING 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 AMERICAN BANK CORPORATION PROFIT SHARING 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
2020: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FIRST AMERICAN BANK CORPORATION PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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