First Charter Corporation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
REPURCHASE SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
þ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 2006
OR
¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period : N/A
Commission file number 0-15829
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
FIRST CHARTER CORPORATION
RETIREMENT SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
FIRST CHARTER CORPORATION
10200 DAVID TAYLOR DRIVE
CHARLOTTE, NORTH CAROLINA 28262-2373
(704) 688-4300
REQUIRED INFORMATION
The First Charter Corporation Retirement Savings Plan (the Plan) is subject to the Employee
Retirement Income Security Act of 1974 (ERISA). Accordingly, the financial statements and
schedule of the Plan for the fiscal year ended December 31, 2006, which have been prepared in
accordance with the financial reporting requirements of ERISA, are included in this report.
FIRST CHARTER CORPORATION
RETIREMENT SAVINGS PLAN
TABLE OF CONTENTS
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1 |
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Financial Statements: |
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2 |
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3 |
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4 |
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Supplemental Schedule*: |
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9 |
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Exhibit 23 |
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* Other schedules required by Section 2520.103-10 of the Department of Labors Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974
(ERISA) have been omitted because they are not applicable. |
Report of Independent Registered Public Accounting Firm
The Compensation Committee
First Charter Corporation:
We have audited the accompanying statements of net assets available for plan benefits of the First
Charter Corporation Retirement Savings Plan (the Plan) as of December 31, 2006 and 2005, and the
related statement of changes in net assets available for plan benefits for the year ended December
31, 2006. These financial statements are the responsibility of the Plans 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 misstatements. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes 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 plan benefits of the Plan as of December 31, 2006 and 2005,
and the changes in net assets available for plan benefits for the year ended December 31, 2006 in
conformity with U. S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. Supplemental Schedule H, Line 4i, Schedule of Assets (Held at End of Year) as of
December 31, 2006 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
Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedule is the responsibility of the Plans management.
The supplemental schedule has been subjected to the auditing procedures applied in the audits of
the basic financial statements for the year ended December 31, 2006 and, in our opinion, is fairly
stated in all material respects in relation to the basic financial statements taken as a whole.
As discussed in Note 2, the Plan adopted Financial Accounting Standards Board Staff Position AAG
INV-1 and SOP 94-4-1, Reporting of Fully Benefit Responsive Investment Contracts Held by Certain
Investment Companies Subject to AICPA Investment Company Guide and Defined-Contribution Health and
Welfare and Pension Plans, as of December 31, 2006 and 2005.
Charlotte, North Carolina
June 29, 2007
1
FIRST CHARTER CORPORATION RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Plan Benefits
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December 31, |
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December 31, |
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2006 |
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2005 |
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Assets: |
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Cash |
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$ |
12,804 |
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$ |
15,798 |
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Investments, at fair value: |
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Mutual funds (cost of $27,476,736 and $26,548,495 at
December 31, 2006 and 2005, respectively) |
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30,615,979 |
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28,090,800 |
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Collective Trust Fund |
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3,087,716 |
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4,592,850 |
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First Charter Corporation common stock (cost of $6,946,304
and $5,896,978 at December 31, 2006 and 2005, respectively) |
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8,195,712 |
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7,147,080 |
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Participants loans receivable |
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694,343 |
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87,891 |
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Total investments, at fair value |
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42,593,750 |
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39,918,621 |
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Receivables: |
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Participant contributions |
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6,375 |
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Employer contributions |
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528,212 |
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301,945 |
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Total receivables |
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534,587 |
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301,945 |
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Accrued income |
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20,298 |
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79,598 |
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Total assets |
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43,161,439 |
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40,315,962 |
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Liabilities: |
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Excess contributions payable |
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33,105 |
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Accrued fees payable |
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19,609 |
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Total liabilities |
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19,609 |
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33,105 |
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Net assets available for benefits at fair value |
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43,141,830 |
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40,282,857 |
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Adjustments from fair value to contract value for fully
benefit-responsive investment contracts |
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30,879 |
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33,305 |
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Net assets available for benefits |
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$ |
43,172,709 |
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$ |
40,316,162 |
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See accompanying notes to financial statements.
2
FIRST CHARTER CORPORATION RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Plan Benefits
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Year Ended |
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December 31, 2006 |
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Additions: |
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Investment income: |
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Net realized and unrealized appreciation |
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$ |
1,881,039 |
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Capital gain distributions |
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815,073 |
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Dividends |
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804,940 |
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Interest from participant loans |
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29,746 |
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Net investment income |
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3,530,798 |
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Contributions: |
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Participants |
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3,162,363 |
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Employer |
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2,021,025 |
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Rollovers |
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664,464 |
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Total contributions |
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5,847,852 |
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Total additions |
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9,378,650 |
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Deductions: |
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Benefits: |
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Benefits paid to participants |
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668,381 |
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Rollovers to other plans |
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5,738,016 |
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Total benefits |
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6,406,397 |
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Administrative expenses |
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115,706 |
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Total deductions |
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6,522,103 |
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Increase in net assets available for benefits |
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2,856,547 |
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Net assets available for benefits: |
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Beginning of year |
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40,316,162 |
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End of year |
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$ |
43,172,709 |
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See accompanying notes to financial statements.
3
FIRST CHARTER CORPORATION RETIREMENT SAVINGS PLAN
Notes to Financial Statements
1. Description of the Plan
The First Charter Corporation Retirement Savings Plan (the Plan) is a defined contribution plan
which covers substantially all employees of First Charter Corporation (the Corporation). The
Plan was established on January 1, 1973 to provide retirement benefits for the Corporations
employees. The notes to the financial statements include only general information regarding the
Plan. Participants should refer to the Plan document for a more complete description of the Plans
provisions.
The Corporation and First Charter Bank (the Bank), a wholly-owned subsidiary and a related
party-in-interest, either directly or through subsidiaries, provide businesses and individuals a
broad range of financial services, including banking, financial planning, wealth management,
investments, insurance, mortgages and employee benefit services.
During 2002, the Plan was amended to provide for the addition of an Employee Stock Ownership Plan
(ESOP) provision. Shares of the Corporations common stock are held in this ESOP, which does not
have any debt to the Corporation or to third parties. All such shares have been allocated to
participants. Participants are entitled to exercise voting rights attributable to shares of the
Corporations common stock allocated to their accounts.
2. Summary of Significant Accounting Policies
Basis of Presentation
The accompanying financial statements of the Plan have been prepared on an accrual basis and
present the net assets and changes in net assets available for plan benefits.
The preparation of financial statements in accordance with accounting principles generally accepted
in the United States of America requires the Plan administrator to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of additions and
deductions during the reporting period. Actual results could differ from those estimates.
Trustee and Record Keeping
Under the terms of the Trust Agreement between the Bank and the Plan, the Bank acts as trustee for
the Plan. Additionally, the Bank, through its wholly-owned subsidiary, Southeastern Employee
Benefit Services (SEBS), acted as record keeper for the Plan until December 1, 2006. On December
1, 2006, the Bank sold SEBS to an independent third-party benefits administrator and SEBS continues
to act as record keeper for the Plan.
Investment Valuation and Income Recognition
As of December 31, 2006, the Plan adopted Financial Accounting Standards Board (the FASB) Staff
Position FSP AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive
Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company
Guide and Defined-Contribution Health and Welfare and Pension Plans, (the FSP). The FSP requires
that the Statement of Net Assets Available for Plan Benefits present both the fair value of the
Plans investments and the adjustment from fair value to contract value for the fully
benefit-responsive investment contracts. The Statement of Changes in Net Assets Available for
Benefits is prepared on a contract value basis for the fully benefit-responsive investment
contracts. The FSP was applied retroactively to the prior period presented on the Statement of Net
Assets Available for Plan Benefits as of December 31, 2005.
Investments are stated at their fair value. The fair value of mutual funds and common stock is
determined based on closing market quotations at December 31, 2006 and 2005. The investment
contracts held by the collective trust fund is presented at fair value on the Statement of Net
Assets Available for Plan Benefits. The investment in this fully benefit-responsive fund is also
stated at contract value. As provided in the FSP, an investment contract is generally valued at
contract value, rather than fair value, to the extent it is fully benefit-responsive.
4
Interest income is recorded on the accrual basis. Dividends on mutual funds are allocated to Plan
participants when paid. First Charter stock dividends are allocated to Plan participants based on
record date. Participant loans receivable are stated at cost which approximates fair value.
Interest rates on participant loans ranged from 5.00% to 9.25% during 2006 and ranged from 5.00% to
9.50% during 2005.
Administrative Expenses
Beginning in 2006, a portion of the administrative expenses were paid by the Plan. The amount of
expenses paid by the Plan is based on each participants account balance, up to a $250 maximum
annual fee per participant. During 2006, administrative expense of $115,706 and $90,426 were paid
by the Plan and the Corporation, respectively. The Plans administrative expenses of $115,706, and
the corresponding accrued expenses of $19,609, were paid to the trustee, a related party. During
2005, all expenses relating to the administration of the Plan, which totaled $168,522, were paid by
the Corporation.
Payment of Benefits
Benefits are recorded when paid. On separation of service due to death, disability, or retirement,
a participant may elect to receive either (a) a lump-sum amount equal to the value of the
participants vested interest in his or her account or (b) monthly or annual installments over a
ten year period. For termination of service for other reasons, a participant may receive the value
of the vested interest in his or her account as a lump sum distribution. In service distributions
from the plan are permitted as allowed by the Code that governs these Plans.
Participant Accounts
Each participants account is credited with the participants contribution, the Company
contribution and an allocation of Plan earnings, and charged with an allocation of administration
expenses. Allocations are based on participant account balances, as defined. The benefit to which
a participant is entitled is the participants vested account.
Participant Loans
Participants may borrow from their fund accounts in a minimum amount of $1,000 up to a maximum
amount equal to the lesser of $50,000 or 50 percent of their account balance. The loans are
secured by the balance in the participants account and bear interest at rates that range from 5
percent to 9.25 percent, which are commensurate with local prevailing rates as determined quarterly
by the Plan administrator. Principal and interest is paid ratably through bi-weekly payroll
deductions. Loans outstanding at December 31, 2006 and 2005 were $694,343 and $87,891,
respectively.
Put Option
Under federal income tax regulations, the Corporations common stock that is held by the Plan and
its participants and is not readily tradable on an established market, or is subject to trading
limitations, includes a put option. The put option is a right to demand that the Corporation buy
any shares of its stock distributed to participants for which there is no market. The put price is
representative of the fair market value of the stock. The Corporation can pay the put price with
reasonable interest over a period of five years. The purpose of the put option is to ensure that
the participant has the ability to ultimately obtain cash.
3. Investments
The Plan is a participant directed plan, providing participants with eleven investment options at
December 31, 2006 and 2005, consisting of mutual funds and the Corporations common stock.
The following is a summary of investments at fair value as of December 31, 2006 and 2005, with
investments representing 5% or more of the Plans net assets available for benefits separately
identified:
5
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December 31, 2006 |
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December 31, 2005 |
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Number |
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Number |
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of Shares |
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Amount |
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of Shares |
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Amount |
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American Europacific Growth Fund |
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87,181 |
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$ |
4,059,125 |
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72,010 |
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$ |
2,958,906 |
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Federated Capital Preservation Fund |
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311,408 |
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3,087,716 |
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462,615 |
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4,592,850 |
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Federated Income Trust Fund |
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201,768 |
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2,060,054 |
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207,962 |
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2,129,529 |
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First Charter Corporation Common Stock |
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333,159 |
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8,195,712 |
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294,574 |
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7,147,080 |
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Janus Advisor Forty Fund |
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229,723 |
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7,029,517 |
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231,529 |
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6,651,834 |
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Vanguard Balanced Index Fund |
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185,205 |
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3,955,971 |
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198,760 |
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3,937,433 |
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Vanguard Explorer Fund |
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34,588 |
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2,584,043 |
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31,026 |
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2,330,396 |
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Vanguard Index 500 Fund |
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55,206 |
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7,209,338 |
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66,091 |
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7,595,206 |
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Other investments mutual funds and
participant loans |
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4,412,274 |
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2,575,387 |
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Total investments |
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$ |
42,593,750 |
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$ |
39,918,621 |
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During 2006, the Plans investments (including gains and losses on investments bought and sold, as
well as held during the year) appreciated in value by $1,881,039 as follows:
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Mutual funds and collective
trust fund |
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$ |
1,756,910 |
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Common stock |
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124,129 |
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Total |
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$ |
1,881,039 |
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As of December 31, 2006 and 2005, the Plan held 333,159 and 295,153 shares, respectively, of the
Corporations common stock. Dividends on the Corporations common stock were $236,937 and $218,816
in 2006 and 2005, respectively.
4. Contributions
The Plan is a defined contribution 401(k) plan sponsored by the Corporation and is subject to the
provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Effective January 1,
2006, an employee is eligible to become a participant in the Plan on the first entry date (the
first day of each calendar month) following the employees first day of employment, provided that
the employee has reached the age of 20. Prior to January 1, 2006, an employee was eligible to
become a participant in the Plan on the Plans first entry date (the first day of each calendar
month) following the completion of one month of service and the attainment of age 20.
Employees may contribute up to 50% of their qualified compensation to the Plan. Contributions were
limited to a maximum amount of $15,000 and $14,000 in 2006 and 2005, respectively. Participants
attaining age 50 or older prior to the close of the plan year may contribute additional catch-up
contributions after contributing the maximum annual amount allowable by the IRS. The catch-up
contribution is limited to $5,000 and $4,000 for 2006 and 2005, respectively. Participants may also
contribute amounts representing distributions from other qualified plans.
Employer matching contributions to the Plan are made by the Corporation quarterly. Plan
participants will receive $0.75 for every dollar contributed up to 6% of their compensation
beginning in the first calendar quarter following 6 months of service. The employer matching
contributions, net of forfeitures, totaled $1,832,055 and $1,220,773 in 2006 and 2005,
respectively. Forfeitures totaled $202,146 and $285,320 in 2006 and 2005, respectively. The
Corporation may also make a discretionary non-elective contribution amounting to 3% of an
employees compensation. To receive the non-elective discretionary contribution, an employee must
have (1) completed one year of service, (2) been an employee on January 1st or July
1st of the succeeding year and (3) been employed on the last day of the Plan year in
which the proceeding requirements were met. The Corporation did not make a discretionary
non-elective contribution in 2006. The Corporation may also make a discretionary supplemental
matching contribution to Plan participants with 6 months of service and employed on the last day of
the plan year, based on the Corporations earnings per share for the corresponding year. The
discretionary supplemental matching contribution made by the Corporation in 2006 and 2005 totaled
$188,970 and $264,490, respectively.
6
Excess contributions payable represent employee contributions made to the Plan that were in excess
of annual limitations, as well as any appropriate gains or losses, based on the compliance testing
performed for 2006. These amounts were refunded to employees within IRS guidelines.
5. Participant Accounts, Benefits and Vesting
The net investment income or loss is allocated to the individual participant accounts on a daily
basis. Employer matching contributions are allocated to individual participant accounts quarterly.
Employer discretionary non-elective and employer discretionary supplemental matching contributions
are allocated to individual participant accounts annually. Employer and employee contributions,
including related net investment income or loss, are accumulated separately within each participant
account. Employee contributions and the related net investment income or loss are fully vested at
all times. Participants become 25% vested in the employer contribution and the related net
investment income or loss after two years of credited service and vesting continues to increase by
25% for each additional year of service. Participants become 100% vested following the earlier of
five years of credited service, disability or death or attainment of normal retirement age of 65.
Terminating participants receive the appropriate vested percentage of employer contributions.
Non-vested amounts will be forfeited and used to reduce the employers contribution. This
forfeitable amount will remain in the participants individual account until the December 31
valuation date coinciding with or next following five consecutive one-year breaks in service.
Excess contributions by the Corporation are also deemed to be non-vested forfeited balances.
Forfeitures totaling $202,146 and $285,320 in 2006 and 2005, respectively, were used to reduce
contributions receivable from the Corporation. Unused remaining forfeitures totaled $1,000 and
$39,373 at December 31, 2006 and 2005, respectively.
Participants may withdraw, in whole or in part, the current portion of their Extra Savings Account
(after-tax contributions) and Rollover Account contributions without specifying the reason for such
a withdrawal. This type of withdrawal may be made once during a plan year. A participant may also
receive a hardship withdrawal with the approval of the Retirement Savings Plan Administrative
Committee (the Committee). An employee must obtain the Committees approval before such a
distribution will be made and this withdrawal will result in a six-month suspension of the
participants before tax contribution account contributions.
Participants, at their retirement date, may elect to receive the accumulated benefits due him or
her under the Plan by lump sum cash payment, purchase of a nontransferable annuity contract,
installments from fixed income account or trust fund or any other method providing for installments
in approximately equal amounts not to exceed a period longer than the life expectancy of the
participant or his or her spouse. Such benefits are also payable to the participant if he or she
becomes permanently disabled or to his or her beneficiaries upon his/her death.
6. Plan Amendments
During 2006, the Plan was amended to remove certain restrictions related to participant loans.
Additionally, during 2006, the Corporation acquired GBC Bancorp, Inc. (GBC) and the Plan was
amended to allow former GBC employees to immediately participate in the Plan and to receive vesting
credit for prior service at GBC.
7. Plan Termination
Although the Corporation has not expressed any intent to terminate the Plan, it reserves the right
to amend or terminate the Plan or discontinue any discretionary contributions at any time. If the
Plan is terminated or there is a complete discontinuance of contributions, each participant becomes
fully vested in the amount allocated to his or her individual account.
8. Tax Status
The IRS issued its latest determination letter with respect to the Plan on September 5, 2003. The
letter stated that the Plan and its underlying trust qualify under the applicable provisions of the
Internal Revenue Code and, therefore, are exempt from federal income taxes. In the opinion of the
Plan administrator, the Plan and its underlying trust have operated within the terms of the Plan
and remain qualified under the applicable provisions of the Internal Revenue Code.
7
9. Risks and Uncertainties
The Plan invests in various securities. Investment securities are exposed to various risks such as
interest rate, market, and credit risks. Due to the level of risk associated with certain
investment securities, it is at least reasonably possible that changes in the values of investment
securities will occur in the near term and that such changes could materially affect participants
account balances and the amounts reported in the statements of net assets available for plan
benefits.
10. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements
at December 31, 2006 and 2005 to Form 5500:
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2006 |
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2005 |
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Net assets available for benefits per the
financial statements |
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$ |
43,172,709 |
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$ |
40,316,162 |
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Amounts allocated to withdrawing
participants |
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218,650 |
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|
Adjustment from fair value to contract
value for fully benefit-responsive
investment contracts |
|
|
(30,879 |
) |
|
|
(33,305 |
) |
|
|
|
|
|
|
|
Net assets available for benefits per the
Form 5500 |
|
$ |
43,360,480 |
|
|
$ |
40,282,857 |
|
|
|
|
|
|
|
|
The following is a reconciliation of total benefits per the financial statements for the year
ended December 31, 2006, to Form 5500:
|
|
|
|
|
Total benefits per the financial statements |
|
$ |
6,406,397 |
|
Add: Amounts allocated to withdrawing
participants at December 31, 2006 |
|
|
218,650 |
|
Less: Amounts allocated to withdrawing
participants at December 31, 2005 |
|
|
|
|
|
|
|
|
Benefits paid to participants per Form 5500 |
|
$ |
6,625,047 |
|
|
|
|
|
Amounts allocated to withdrawing participants are recorded on Form 5500 for benefit claims
that have been processed and approved for payment prior to December 31, 2006, but not yet paid as
of that date.
The following is a reconciliation of investment income per the financial statements to Form 5500:
|
|
|
|
|
Total investment income per the financial
statements |
|
$ |
3,530,798 |
|
Adjustments from fair value to contract
value for fully benefit-responsive
investment contracts |
|
|
(30,879 |
) |
|
|
|
|
Total investment income per the
Form 5500 |
|
$ |
3,499,919 |
|
|
|
|
|
Fully benefit-responsive contracts are recorded on the Form 5500 at fair value versus contract
value on the financial statements.
8
Supplemental Schedule
FIRST CHARTER CORPORATION RETIREMENT SAVINGS PLAN
Schedule H, Line 4i Schedule of Assets (Held at End of Year)
December 31, 2006
|
|
|
|
|
|
|
|
|
Identity of issuer, borrower, |
|
|
|
|
|
Current |
|
lessor or similar party and description of investment |
|
Cost |
|
|
Value |
|
|
Participant loans: |
|
|
|
|
|
|
|
|
* Participant loans receivable at various rates ranging
from 5% through 9.25% |
|
$ |
|
|
|
$ |
694,343 |
|
|
|
|
|
|
|
|
|
|
Mutual funds: |
|
|
|
|
|
|
|
|
American Europacific Growth Fund |
|
|
3,481,676 |
|
|
|
4,059,125 |
|
Dreyfus Premier Small Cap Fund |
|
|
875,013 |
|
|
|
905,185 |
|
Federated Income Trust Fund |
|
|
2,092,800 |
|
|
|
2,060,054 |
|
* First Charter Corporation Common Stock |
|
|
6,946,304 |
|
|
|
8,195,712 |
|
Janus Advisor Forty Fund |
|
|
6,007,882 |
|
|
|
7,029,517 |
|
Vanguard Balanced Index Fund |
|
|
3,480,488 |
|
|
|
3,955,971 |
|
Vanguard Explorer Fund |
|
|
2,608,168 |
|
|
|
2,584,043 |
|
Vanguard Index 500 Fund |
|
|
6,402,173 |
|
|
|
7,209,338 |
|
Vanguard Mid Cap Index Fund |
|
|
1,142,257 |
|
|
|
1,323,072 |
|
Vanguard Windsor II Fund |
|
|
1,386,279 |
|
|
|
1,489,674 |
|
|
|
|
|
|
|
|
|
|
Collective trust funds: |
|
|
|
|
|
|
|
|
Federated Capital Preservation Fund |
|
|
3,114,034 |
|
|
|
3,118,595 |
** |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
37,537,074 |
|
|
$ |
42,624,629 |
|
|
|
|
|
|
|
|
|
|
|
* |
|
Party-in-interest, not a prohibited transaction. |
|
** |
|
Valued at contract value as the contracts are fully benefit-responsive. |
9
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.
|
|
|
|
|
|
|
FIRST CHARTER CORPORATION
RETIREMENT SAVINGS PLAN |
|
|
|
|
|
|
|
By:
|
|
FIRST CHARTER BANK, Trustee |
|
|
|
|
|
Date: June 29, 2007
|
|
By:
|
|
/s/ Robert E. James, Jr. |
|
|
|
|
Robert E. James, Jr.
President and Chief Executive Officer |
10
EXHIBIT INDEX
|
|
|
EXHIBIT NO. |
|
|
|
23
|
|
Consent of KPMG LLP |
11