REGISTRATION AND REPORTING UNDER THE SEC 3160
SECURITIES EXCHANGE ACT OF 1934
ANNUAL REPORTS ON FORM 11-K
Securities and Exchange Commission
Washington, D.C. 20549
Form 11 - K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE
ACT 0F 1934
For the fiscal year ended December 31, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES
EXCHANGE ACT 0F 1934
Commission file number: 000-26117
A. Full title of the plan and the address of the plan, if different from that of
the issuer named below:
Community Savings Bank Employees' Savings & Profit Sharing Plan,
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708 South Church Street, Burlington, NC 27215
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B. Name of issuer of the securities held pursuant to the plan and the address of
its prinicipal executive office
FIRST COMMUNITY FINANCIAL CORPORATION, 708 South Church Street,
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Burlington, NC 27215
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(End of cover page)
Community Savings Bank Employees' Savings & Profit Sharing Plan
Balance Sheet
December 31,1999
December 31,
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1998 1999
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Assets
Investments:
Corporate debt and equity instruments $2,480,037 $2,529,525
Other 32,950 55,127
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Total investments 2,512,987 2,584,652
Buildings and other property used in plan operations
Other assets 130
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Total assets 2,512,987 2,584,782
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Liabilities
Other liabilities $ 0 $ 440
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Total liabilities 0 440
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Net assets $2,512,987 $2,584,342
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Community Savings Bank Employees' Savings & Profit Sharing Plan
Income Statement
December 31,1999
December 31,
Income 1999
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Contributions received or receivable in cash from:
Employer $ 69,758
Employees 192,579
Others 0
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262,336
Earnings from investments (interest, dividends, rents, royalties) 9,025
Net realized gain (loss) on sale or exchange of assets 124,728
Unrealized gain on investments 220,409
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Total income 616,499
Expenses
Distribution of benefits and payments to provide benefits:
Directly to participants or their beneficiaries 528,526
Other 0
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Total distribution of benefits and payments to provide benefits 528,526
Administrative expenses (salaries, fees, commissions, insurance premiums) 13,396
Other expenses 3,222
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Total expenses 545,144
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Net income $ 71,355
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SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees (or other pesrsons who administer the employee benefit plan) have
duly caused this annual report to be signed by the undersigned, thereunto duly
authorized.
Community Savings Bank Employees' Savings and Profit Sharing Plan
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(Name of Plan)
Date: June 21, 2000 /s/ Christopher B. Redcay
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Christopher B. Redcay
Sr. Vice President, Treasurer and Chief Financial Officer