FIRST NORTHERN COMMUNITY BANCORP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue10,448  10,884  10,183  10,767  Cost of Revenue1,155  1,071  1,062  1,168  Gross Profit -  9,813  9,121  9,599  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative7,161  8,842  6,944  8,304  Non Recurring -  (724)724   -  Others1,661  1,161  1,106  4,728  Total Operating Expenses -   -   -   -  Operating Income or Loss -  534  347  (3,433)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes471  534  347  (3,433)Interest Expense109  123  158  178  Income Before Tax362  411  189  (3,611)Income Tax Expense(169)(165)(264)(2,069)Minority Interest -   -   -   -  Net Income From Continuing Ops531  576  453  (1,542)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   - ...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 10-Q, Quarterly Report

ITEM 2. - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and subject to the "safe harbor" created by those sections. Forward-looking statements include the information concerning possible or assumed future results of operations of the Company set forth under the heading Management's Discussion and Analysis of Financial Condition and Results of Operations and elsewhere in this Report. Forward-looking statements also include statements in which words such as "expect," "anticipate," "intend," "plan," "believe," estimate," "consider" or similar expressions are used, and include assumptions concerning the Company's operations, future results, and prospects. These forward-looking statements are based upon current expectations and are subject to risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Some factors that may cause actual results to differ from the forward-looking statements include the following: (i) the effect of changing regional and national economic conditions, including the continuing fiscal challenges for the State of California and the financial crisis affecting the banking system and financial markets; (ii) uncertainty regarding the economic outlook resulting from the continuing hostilities in the Middle East and the war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism; (iii) significant changes in interest rates and prepayment speeds; (iv) credit risks of commerci...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Dis

Show all filings for FIRST NORTHERN COMMUNITY BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST NORTHERN COMMUNITY BANCORP 30-Oct-2009Results of Operations and Financial Condition, Regulation FD Dis Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inf...
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First Northern Community Bancorp 3rd Quarter Earnings Report

DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (FNRN) (OTCBB:FNRN - News), the single-bank holding company for First Northern Bank, today announced financial results through the third quarter of 2009. The Company reported year-to-date net income as of September 30, 2009 of $1.56 million, or $0.11 per diluted share, compared to $170 thousand, or $0.02 per diluted share for the same fiscal period last year. Net income for the quarter ended September 30, 2009 was $530 thousand or $0.03 per diluted share, compared to $970 thousand, or $0.11 per diluted share for the same fiscal period last year. (All 2008 per share earnings have been adjusted for a 4% stock dividend issued March 31, 2009.) Total assets at September 30, 2009 were $730.0 million, an increase of $72.5 million, or 11.0% from prior-year third quarter levels. Total deposits of $630.2 million increased $71.0 million or 12.7% compared to September 30, 2008 figures. During that same period, total net loans (including loans held-for-sale) decreased $44.7 million, or 8.4%, to $485.6 million.Owen J. Onsum, President & CEO stated, “This year has been highlighted by the Company’s strong deposit growth, strong liquidity position and maintaining a strong risk-based capital to risk-weighted assets ratio (as of September 30, 2009, First Northern Community Bancorp’s ratio was approximately 15.6%; bank regulators co...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 10-Q, Quarterly Report

ITEM 2. - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and subject to the "safe harbor" created by those sections. Forward-looking statements include the information concerning possible or assumed future results of operations of the Company set forth under the heading Management's Discussion and Analysis of Financial Condition and Results of Operations and elsewhere in this Report. Forward-looking statements also include statements in which words such as "expect," "anticipate," "intend," "plan," "believe," estimate," "consider" or similar expressions are used, and include assumptions concerning the Company's operations, future results, and prospects. These forward-looking statements are based upon current expectations and are subject to risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Some factors that may cause actual results to differ from the forward-looking statements include the following: (i) the effect of changing regional and national economic conditions, including the continuing fiscal challenges for the State of California and the financial crisis affecting the banking system and financial markets; (ii) uncertainty regarding the economic outlook resulting from the continuing hostilities in the Middle East and the war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism; (iii) significant changes in interest rates and prepayment speeds; (iv) credit risks of commerci...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Dis

Show all filings for FIRST NORTHERN COMMUNITY BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST NORTHERN COMMUNITY BANCORP 31-Jul-2009Results of Operations and Financial Condition, Regulation FD Dis Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inf...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and subject to the "safe harbor" created by those sections. Forward-looking statements include the information concerning possible or assumed future results of operations of the Company set forth under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this Report. Forward-looking statements also include statements in which words such as "expect," "anticipate," "intend," "plan," "believe," estimate," "consider" or similar expressions are used, and include assumptions concerning the Company's operations, future results, and prospects. These forward-looking statements are based upon current expectations and are subject to risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Some factors that may cause actual results to differ from the forward-looking statements include the following: (i) the effect of changing regional and national economic conditions, including the continuing fiscal challenges for the State of California and the financial crisis affecting the banking system and financial markets; (ii) uncertainty regarding the economic outlook resulting from the continuing hostilities in the Middle East and the war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism; (iii) significant changes in interest rates and prepayment speeds; (iv) credit risks of co...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Dis

Show all filings for FIRST NORTHERN COMMUNITY BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST NORTHERN COMMUNITY BANCORP 1-May-2009Results of Operations and Financial Condition, Regulation FD Dis Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All info...
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FIRST NORTHERN COMMUNITY BANCORP Files SEC form 10-K, Annual Report

ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION This report includes forward-looking statements, which include forecasts of our financial results and condition, expectations for our operations and business, and our assumptions for those forecasts and expectations. Do not rely unduly on forward-looking statements. Actual results might differ significantly from our forecasts and expectations. Please refer to Part I, Item 1A "Risk Factors" for a discussion of some factors that may cause results to differ. Introduction This overview of Management's Discussion and Analysis highlights selected information in this annual report and may not contain all of the information that is important to you. For a more complete understanding of trends, events, commitments, uncertainties, liquidity, capital resources and critical accounting estimates, you should carefully read this entire annual report. Our subsidiary, First Northern Bank of Dixon, is a California state-chartered bank that derives most of its revenues from lending and deposit taking in the Sacramento Valley region of Northern California. Interest rates, business conditions and customer confidence all affect our ability to generate revenues. In addition, the regulatory environment and competition can challenge our ability to generate those revenues. Financial highlights for 2008 include: The Company reported a net loss of $1.37 million, a 118.9% decrease compared to net income of $7.28 million for 2007. Net loss per common share for 2008 of $0.15 resulted in a decrease of 119.0% compared to net income per common share of $0.79 for 2007, and net loss per common share on a fully diluted basis was $0.15 for 2008, a decrease of 119.5% compared to net income per common share on a fully diluted basis of $0.77 for 2007. Loans (including loans held-for-sale) increased to $519.2 million at December 31, 2008, a 4.0% increase from $499.3 million at December...
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