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

FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	003

FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP). The employer maintaining this ESOP is an S Corporation Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: FIRST BANK

Employer identification number (EIN): 940127898

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2015-01-01 CYNTHIA N. GARDINER JAMES C. SARVELA 2016-10-03
003 2014-01-01 CYNTHIA N. GARDINER JAMES C. SARVELA 2015-10-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2015-01-01	CYNTHIA N. GARDINER		JAMES C. SARVELA	2016-10-03
003	2014-01-01	CYNTHIA N. GARDINER		JAMES C. SARVELA	2015-10-14

Plan Statistics for FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN

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

Measure Date Value
2015: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 139
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 125
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 22
Total of all active and inactive participants 2015-01-01 147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 147
Number of participants with account balances 2015-01-01 142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 10
2014: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 165
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 122
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 17
Total of all active and inactive participants 2014-01-01 139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 139
Number of participants with account balances 2014-01-01 136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 8

Measure	Date	Value
2015: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	139
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	125
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	22
Total of all active and inactive participants	2015-01-01	147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	147
Number of participants with account balances	2015-01-01	142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	10
2014: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	165
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	122
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	17
Total of all active and inactive participants	2014-01-01	139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	139
Number of participants with account balances	2014-01-01	136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	8

Financial Data on FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2015 : FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$257,053
Total unrealized appreciation/depreciation of assets	2015-12-31	$257,053
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$474,772
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$284,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$284,762
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$50,000
Value of total assets at end of year	2015-12-31	$4,014,906
Value of total assets at beginning of year	2015-12-31	$3,824,896
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$0
Total interest from all sources	2015-12-31	$2,775
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$164,944
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$190,010
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$4,014,906
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$3,824,896
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$161,123
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$490,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$490,783
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$2,775
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Assets. Invements in employer securities at end of year	2015-12-31	$3,853,783
Assets. Invements in employer securities at beginning of year	2015-12-31	$3,334,113
Contributions received in cash from employer	2015-12-31	$50,000
Income. Dividends from common stock	2015-12-31	$164,944
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$284,762
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	No
Opinion of an independent qualified public accountant for this plan	2015-12-31	Unqualified
Accountancy firm name	2015-12-31	ELGEE REDFELD MERTZ, LLC
Accountancy firm EIN	2015-12-31	921027098
2014 : FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$37,218
Total unrealized appreciation/depreciation of assets	2014-12-31	$37,218
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$299,307
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$76,711
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$76,711
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$100,000
Value of total assets at end of year	2014-12-31	$3,824,896
Value of total assets at beginning of year	2014-12-31	$3,602,300
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$0
Total interest from all sources	2014-12-31	$2,085
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$160,004
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$222,596
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$3,824,896
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$3,602,300
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$490,783
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$409,579
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$409,579
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$2,085
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Assets. Invements in employer securities at end of year	2014-12-31	$3,334,113
Assets. Invements in employer securities at beginning of year	2014-12-31	$3,192,721
Contributions received in cash from employer	2014-12-31	$100,000
Income. Dividends from common stock	2014-12-31	$160,004
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$76,711
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	No
Opinion of an independent qualified public accountant for this plan	2014-12-31	Unqualified
Accountancy firm name	2014-12-31	ELGEE REDFELD MERTZ, LLC
Accountancy firm EIN	2014-12-31	921027098

Form 5500 Responses for FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN

2015: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FIRST BANK
Employer identification number (EIN):	940127898
NAIC Classification:	522110
NAIC Description:	Commercial Banking