FIRST NORTHERN COMMUNITY BANCORP
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
FNRN$16.50-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
BALANCESHEETS (UNAUDITED)
| (in thousands, except share amounts) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $163,918 | $149,211 |
| Certificates of deposit | 19,244 | 19,710 |
| Investment securities – available-for-sale, at estimated fair value, net of allowance for credit losses of $0; amortized cost of $665,113 at September 30, 2024 and $620,314 at December 31, 2023 | 632,404 | 572,357 |
| Loans, net of allowance for credit losses of $16,422 at September 30, 2024 and $16,596 at December 31, 2023 | 1,042,304 | 1,052,465 |
| Stock in Federal Home Loan Bank and other equity securities, at cost | 10,518 | 10,518 |
| Premises and equipment, net | 9,391 | 9,962 |
| Core deposit intangible | 3,524 | 4,141 |
| Interest receivable and other assets | 49,387 | 53,468 |
| Total Assets | $1,930,690 | $1,871,832 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Demand deposits | $747,123 | $744,799 |
| Interest-bearing transaction deposits | 387,587 | 380,477 |
| Savings and MMDA’s | 443,396 | 431,472 |
| Time, $250,000 or less | 116,098 | 109,373 |
| Time, over $250,000 | 37,838 | 26,323 |
| Total deposits | 1,732,042 | 1,692,444 |
| Interest payable and other liabilities | 16,651 | 20,143 |
| Total Liabilities | 1,748,693 | 1,712,587 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ Equity: | ||
| Common stock, no par value; 32,000,000 shares authorized; 15,263,027 shares issued and outstanding at September 30, 2024 and 15,482,332 shares issued and outstanding at December 31, 2023 | 121,391 | 123,235 |
| Additional paid-in capital | 977 | 977 |
| Retained earnings | 82,616 | 68,760 |
| Accumulated other comprehensive loss, net | (22,987) | (33,727) |
| Total Stockholders’ Equity | 181,997 | 159,245 |
| Total Liabilities and Stockholders’ Equity | $1,930,690 | $1,871,832 |
Index
CONDENSED CONSOLIDATED
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