form11k_2013-062614.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[X]
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
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For the fiscal year ended December 31, 2013
OR
[ ]
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
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For the transition period from _______________ to _______________
Commission File Number 001-34155
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
First Savings Bank, F.S.B. Employees’ Savings & Profit Sharing Plan
B: Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
First Savings Financial Group, Inc.
501 East Lewis & Clark Parkway
Clarksville, Indiana 47129
FIRST SAVINGS BANK, FSB EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN -
CLARKSVILLE, INDIANA
FINANCIAL STATEMENTS AND
SUPPLEMENTAL SCHEDULE
YEARS ENDED
DECEMBER 31, 2013 AND 2012
FIRST SAVINGS BANK, FSB EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
CONTENTS
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Page
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Report of Independent Registered Public Accounting Firm
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3
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FINANCIAL STATEMENTS:
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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4
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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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5
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NOTES TO FINANCIAL STATEMENTS
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6-12
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SUPPLEMENTAL SCHEDULE*:
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SCHEDULE OF ASSETS (HELD AT END OF YEAR)
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13
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* All other supplemental schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.
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MONROE SHINE
Knowledge for Today . . . Vision for Tomorrow
222 East Market Street, P.O. Box 1407, New Albany, Indiana 47150 * Phone: 812.945.2311 * Fax: 812.945.2603
Report of Independent Registered Public Accounting Firm
To the Compensation Committee of the
First Savings Bank, FSB Employees' Savings & Profit Sharing Plan
Clarksville, Indiana
We have audited the accompanying statements of net assets available for benefits of the First Savings Bank, FSB Employees' Savings & Profit Sharing Plan as of December 31, 2013 and 2012, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the First Savings Bank, FSB Employees' Savings & Profit Sharing Plan as of December 31, 2013 and 2012, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2013, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan’s management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with the standards of the Public Company Accounting Oversight Board (United States). In our opinion, the information is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Monroe Shine
New Albany, Indiana
June 25, 2014
-3-
FIRST SAVINGS BANK, FSB
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EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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DECEMBER 31, 2013 AND 2012
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|
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2013
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2012
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|
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Investments, at fair value:
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|
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First Savings Financial Group, Inc. unitized common stock fund
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$ 3,291,894
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$ 2,767,854
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Mutual funds
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4,602,714
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-
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Short-term investment funds
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-
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605,186
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Common/collective funds
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166,824
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3,066,299
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|
|
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Total Assets
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8,061,432
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6,439,339
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|
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Net Assets Available for Benefits
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$ 8,061,432
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$ 6,439,339
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|
|
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See notes to financial statements.
-4-
FIRST SAVINGS BANK, FSB
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EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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YEARS ENDED DECEMBER 31, 2013 AND 2012
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|
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|
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2013
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2012
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|
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Additions to net assets attributed to:
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Investment income:
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|
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Interest on short-term investment funds
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$ 680
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$ 1,713
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Dividends on mutual funds
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71,028
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-
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Dividends on common stock
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53,185
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52,981
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Net appreciation in fair value of investments
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1,030,035
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665,987
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1,154,928
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720,681
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|
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Contributions:
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|
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Employer
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341,699
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313,186
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Participant
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496,530
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446,540
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Participant rollovers
|
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4,099
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35,097
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|
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842,328
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794,823
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|
|
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Total additions
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1,997,256
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1,515,504
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Deductions from net assets attributed to:
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|
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Benefits paid to participants
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340,026
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98,421
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Administrative expenses
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35,137
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35,594
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Total deductions
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375,163
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134,015
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Net Increase
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1,622,093
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1,381,489
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Net assets available for benefits:
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Beginning of year
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6,439,339
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5,057,850
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End of Year
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$ 8,061,432
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$ 6,439,339
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|
|
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See notes to financial statements.
-5-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2013 AND 2012
(1) DESCRIPTION OF PLAN
The following description of the First Savings Bank, FSB Employees' Savings & Profit Sharing Plan (the “Plan”) provides only general information. Participants should refer to the Summary Plan Description for a more complete description of the Plan's provisions.
General
The Plan is a defined contribution plan, established by First Savings Bank, FSB (Bank), a wholly-owned subsidiary of First Savings Financial Group, Inc. (Company), covering substantially all employees of the Bank who have completed one year of service (minimum of 1,000 hours) and are age twenty-one or older. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
Contributions
Participants may make pre-tax and after-tax Roth elective salary deferrals up to 100% of eligible compensation, as defined in the plan document, subject to limitations imposed by Internal Revenue Code (IRC) regulations. Eligible participants are also permitted to make special pre-tax catch-up contributions in accordance with IRC regulations and contributions representing distributions from other qualified defined benefit or contribution plans. The Company made safe harbor matching contributions equal to 100% of the first 5% of eligible compensation that each participant contributed to the Plan for the years ended December 31, 2013 and 2012. Company contributions may also include additional discretionary employer profit sharing contributions as determined annually by the Compensation Committee. No discretionary employer profit sharing contributions were made for 2013 or 2012.
Participant Accounts
Each participant's account is credited with participant salary deferrals, Company contributions and an allocation of plan earnings, and charged with an allocation of plan losses and applicable administrative expenses. Allocations are based on participant compensation or account balances, as defined in the plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Participants direct the investment of their salary deferral contributions and the Company’s contributions into various investment options offered by the Plan. Participants may change their investment elections at any time.
Vesting
Participants are immediately 100% vested in their salary deferral contributions and all Company contributions, plus actual earnings thereon.
Payment of Benefits
On termination of service due to death, disability, retirement or other reasons, participants may receive a lump sum or partial lump sum distribution in an amount up to the value of their vested account balance. Separated participants with vested account balances exceeding $1,000 may elect to defer benefits until reaching normal retirement age.
-6-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The financial statements of the Plan are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.
Investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. The Plan reports its interests in fully benefit-responsive investment contracts at fair value in the statements of net assets available for benefits. In addition, any material difference between the fair value of these investments and their contract value is presented as a separate adjustment line in the statements of net assets available for benefits. Management has determined that the estimated fair value of the Plan's investment contract approximates its contract value. Accordingly, the statements of net assets available for benefits reflect no adjustment for the difference between net assets at fair value and net assets available for benefits.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the plan administrator to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates.
Investment Valuation and Income Recognition
The Plan’s investments are stated at fair value. See Note 8 for additional discussion of fair value measurements. Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest is recorded on the accrual basis.
Management fees and operating expenses charged to the Plan for investments in mutual funds and common/collective funds are deducted from income earned on a daily basis and are not separately reflected. Consequently, management fees and operating expenses are reflected as a reduction of the return for these investments.
Administrative Expenses
Some administrative expenses are paid by the Bank and some are paid by the Plan. Those that were paid by the Plan are reflected in the accompanying financial statements.
Employees of the Bank perform certain administrative functions for the Plan. Neither the Bank nor its employees receive compensation from the Plan.
-7-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(2 – continued)
Payment of Benefits
Benefits are recorded when paid.
Subsequent Events
Management has evaluated whether any subsequent events that require recognition or disclosure in the accompanying financial statements and related notes thereto have taken place through June 25, 2014, the date these financial statements were available to be issued. Management has determined that there are no such subsequent events.
The following presents investments that represent 5% or more of the Plan’s net assets at December 31, 2013 and 2012.
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2013
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2012
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First Savings Financial Group unitized common stock fund
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|
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148,283 and 146,766 units in
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|
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unitized common stock fund, respectively
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$ 3,291,894
|
$ 2,767,854
|
|
|
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SSGA Short-Term Investment Fund
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604,099 units in short-term investment fund
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—*
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604,099
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SSGA Target Retirement 2025 Fund
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42,129 units in common/collective fund
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—*
|
600,761
|
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SSGA Target Retirement 2045 Fund
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35,080 units in common/collective fund
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—*
|
492,629
|
|
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Loomis Sayles Ltd Term Gov't & Agency Fund
|
|
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47,709 shares in mutual fund
|
556,760
|
—*
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|
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Vanguard Target Retirement 2025 Fund
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51,360 shares in mutual fund
|
808,922
|
—*
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|
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Vanguard Target Retirement 2045 Fund
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37,458 shares in mutual fund
|
665,255
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—*
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*
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Balance was less than 5% of the Plan’s net assets as of the balance sheet date, but is presented for illustrative purposes.
|
During 2013 and 2012, the Plan’s investments appreciated in value as follows, including gains and losses on investments bought and sold, as well as held during the year:
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2013
|
2012
|
Unitized common stock fund
|
$ 455,907
|
$ 332,056
|
Mutual funds
|
376,477
|
—
|
Common/collective funds
|
197,651
|
333,931
|
|
$ 1,030,035
|
$ 665,987
|
-8-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(4) RELATED PARTY TRANSACTIONS
The Plan invests in shares of Company common stock through the unitized common stock fund, and the Bank is the plan sponsor as defined by the Plan. Transactions in such investments qualify as party-in-interest transactions that are exempt from the prohibited transaction rules of ERISA.
At December 31, 2013 and 2012, the Plan held 137,577 and 132,664 shares of Company common stock through the unitized common stock fund, respectively. The Plan received $53,185 and $52,981 in dividends on Company common stock for the year ended December 31, 2013 and 2012, respectively. During 2013 and 2012, the Plan purchased 10,571 and 7,111 shares of Company common stock in the open market through the unitized stock fund having a value of $230,363 and $129,175, respectively. During 2013 the Plan sold 5,658 shares of Company common stock in the open market through the unitized common stock fund for total proceeds of $128,277. During 2012 the Plan sold no shares of Company common stock in the open market through the unitized common stock fund.
(5) PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their employer contribution accounts.
(6) INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Bank by a letter dated September 4, 2013, that the Plan and related trust are designed in accordance with applicable sections of the IRC. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
The Plan has implemented the accounting guidance for uncertainty in income taxes under the provisions of Financial Account Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740, Income Taxes. Under that guidance, tax positions are recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the taxing authorities. As of December 31, 2013, the Plan has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Plan is not currently being examined and the Plan's management believes its tax-exempt status would be upheld under examination. Plan management believes the Plan is no longer subject to income tax examination for years prior to 2010.
-9-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(7) RISKS AND UNCERTAINTIES
The Plan invests in mutual funds, common stock, short-term investment funds and various common/collective funds. The investments are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with the investments, it is at least reasonably possible that changes in the values of investments will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits.
Participants should refer to the Company’s annual and quarterly financial statements filed with the Securities and Exchange Commission (Form 10-K and Form 10-Q) regarding risks associated with Company stock.
(8) FAIR VALUE MEASUREMENTS
FASB ASC Topic 820, Fair Value Measurements and Disclosures, provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC Topic 820 are described as follows.
|
Level 1:
|
Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available.
|
|
Level 2:
|
Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means.
|
|
Level 3:
|
Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation.
|
-10-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(8 – continued)
The following table presents the balances of the Plan's investments within the fair value hierarchy measured at fair value as of December 31, 2013 and 2012:
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
|
December 31, 2013:
|
|
Unitized common stock fund
|
$ 3,291,894
|
$ -
|
$ -
|
$ 3,291,894
|
Common/collective funds:
|
|
|
|
|
Fixed income funds
|
-
|
166,824
|
-
|
166,824
|
|
|
|
|
|
Mutual funds:
|
|
|
|
|
Bond funds
|
210,740
|
-
|
-
|
210,740
|
Asset allocation funds
|
860,682
|
-
|
-
|
860,682
|
Equity funds
|
884,814
|
-
|
-
|
884,814
|
Target retirement funds
|
2,089,718
|
-
|
-
|
2,089,718
|
Short term investment funds
|
556,760
|
-
|
-
|
556,760
|
Total mutual funds
|
4,602,714
|
-
|
-
|
4,602,714
|
|
|
|
|
|
Total investments
|
$ 7,894,608
|
$ 166,824
|
$ -
|
$ 8,061,432
|
December 31, 2012:
|
|
Unitized common stock fund
|
$ 2,767,854
|
$ -
|
$ -
|
$ 2,767,854
|
|
|
|
|
|
Short-term investment funds
|
-
|
605,186
|
-
|
605,186
|
|
|
|
|
|
Common/collective funds:
|
|
|
|
|
Bond funds
|
-
|
184,560
|
-
|
184,560
|
Asset allocation funds
|
-
|
393,807
|
-
|
393,807
|
Equity funds
|
-
|
939,061
|
-
|
939,061
|
Target retirement funds
|
-
|
1,419,842
|
-
|
1,419,842
|
Fixed income funds
|
-
|
129,029
|
-
|
129,029
|
Total common/collective funds
|
-
|
3,066,299
|
-
|
3,066,299
|
|
|
|
|
|
Total investments
|
$ 2,767,854
|
$ 3,671,485
|
$ -
|
$ 6,439,339
|
Fair value is based upon quoted market prices, where available (Level 1). If quoted market prices are not available, fair value is obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model (Level 2). Level 3 inputs are only used when Level 1 or Level 2 inputs are not available.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value during the years ended December 31, 2013 and 2012.
-11-
FIRST SAVINGS BANK, FSB
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS - CONTINUED
DECEMBER 31, 2013 AND 2012
(8 – continued)
Unitized Common Stock Fund
|
The First Savings Financial Group, Inc. unitized common stock fund includes shares of Company common stock valued at quoted market prices, and a nominal amount of cash and cash equivalents to provide liquidity for participant directed transactions. The unitized common stock fund’s holdings consisted of the following at December 31, 2013 and 2012:
|
|
2013
|
2012
|
Shares of Company common stock
|
137,577
|
132,664
|
Quoted market price at December 31
|
$ 22.85
|
$ 19.49
|
|
|
|
Fair value of Company common stock
|
$ 3,143,634
|
$ 2,585,621
|
Cash, cash equivalents and receivables
|
148,260
|
182,233
|
|
|
|
Unitized common stock fund fair market value
|
$ 3,291,894
|
$ 2,767,854
|
Short-Term Investment Funds and Common/Collective Funds
Investments in short-term investment funds and common/collective funds are valued at the fair value of the assets underlying the funds.
Mutual Funds
Mutual funds are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year end.
The fair value methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
-12-
FIRST SAVINGS BANK, FSB
|
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
|
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
|
EMPLOYER IDENTIFICATION NUMBER (EIN): 35-0309764, PLAN NUMBER (PN): 002
|
DECEMBER 31, 2013
|
|
|
|
|
(a)
|
(b) Identity of issue, borrower,
|
(c) Description of investment including
|
(e) Current
|
|
lessor or similar party
|
maturity date, rate of interest,
|
value
|
|
|
collateral, par or maturity value
|
|
|
|
|
|
*
|
First Savings Financial Group common stock
|
Unitized common stock fund
|
$ 3,291,894
|
|
State Street Daily EAFE Index
|
Common/collective fund
|
1
|
|
MetLife Stable Value
|
Common/collective fund
|
166,823
|
|
Loomis Sayles Ltd Term Gov't & Agency
|
Mutual fund
|
556,760
|
|
American Funds American Balanced
|
Mutual fund
|
381,866
|
|
Black Rock Equity Dividend
|
Mutual fund
|
103,766
|
|
Eagle Small Cap Growth
|
Mutual fund
|
3,479
|
|
American Funds EuroPacific Growth
|
Mutual fund
|
356,522
|
|
Franklin Utilities
|
Mutual fund
|
3,025
|
|
Ivy Mid Cap Growth
|
Mutual fund
|
2,550
|
|
Ivy Science & Technology
|
Mutual fund
|
157,267
|
|
JP Morgan Large Cap Growth
|
Mutual fund
|
185,932
|
|
MFS Global Equity
|
Mutual fund
|
8,644
|
|
Oppenheimer Developing Markets
|
Mutual fund
|
6,859
|
|
Ridgeworth Mid Cap Value Equity
|
Mutual fund
|
674
|
|
Templeton Global Bond
|
Mutual fund
|
528
|
|
Vanguard REIT Index
|
Mutual fund
|
52,982
|
|
Vanguard Intermediate Term Bond Index
|
Mutual fund
|
210,211
|
|
Vanguard Target Retirement Income
|
Mutual fund
|
10,631
|
|
Vanguard Target Retirement 2010
|
Mutual fund
|
3,101
|
|
Vanguard Target Retirement 2015
|
Mutual fund
|
161,593
|
|
Vanguard Target Retirement 2020
|
Mutual fund
|
116,098
|
|
Vanguard Target Retirement 2025
|
Mutual fund
|
808,922
|
|
Vanguard Target Retirement 2030
|
Mutual fund
|
38,890
|
|
Vanguard Target Retirement 2035
|
Mutual fund
|
262,789
|
|
Vanguard Target Retirement 2040
|
Mutual fund
|
3,242
|
|
Vanguard Target Retirement 2045
|
Mutual fund
|
665,255
|
|
Vanguard Target Retirement 2050
|
Mutual fund
|
15,720
|
|
Vanguard Target Retirement 2055
|
Mutual fund
|
3,478
|
|
Vanguard Small Cap Index
|
Mutual fund
|
139,614
|
|
Vanguard Mid Cap Index
|
Mutual fund
|
215,969
|
|
Vanguard 500 Index
|
Mutual fund
|
126,347
|
|
|
|
|
|
|
|
$ 8,061,432
|
* Denotes party-in-interest
-13-
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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FIRST SAVINGS BANK, F.S.B.
EMPLOYEES’ SAVINGS & PROFIT SHARING PLAN
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Date: June 26, 2014
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By:
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/s/ John P. Lawson, Jr. |
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John P. Lawson, Jr.
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Plan Administrator
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