Market Overview

First Northern Community Bancorp Reports Third Quarter 2017 Earnings


Record Net Income of $2.8 Million for Quarter

Third Quarter Diluted Earnings per Share Up 38.9%

Total Net Loans up 7.5% from prior year

First Northern Community Bancorp (the "Company," ticker symbol FNRN:
OTCQB), holding company for First Northern Bank ("First Northern" or the
"Bank"), today announced earnings through the third quarter of 2017.
Louise Walker, President and Chief Executive Officer, stated, "The
Company reported net income of $7.9 million for the nine months ended
September 30, 2017, up 36.2% compared to net income of $5.8 million
reported for the same period last year. These results include a pre-tax
gain in the first quarter of $1.2 million related to the sale-leaseback
of land and building that is partially occupied by our Auburn Branch.
Diluted earnings per share for the nine months ended September 30, 2017
was $0.70, up 34.6% compared to diluted earnings per share of $0.52 for
the same period last year."

Net income for the quarter ended September 30, 2017 was $2.8 million, up
40.0% compared to net income of $2.0 million reported for the same
period last year. Diluted earnings per share for the three months ended
September 30, 2017 was $0.25, up 38.9% compared to diluted earnings per
share of $0.18 for the same period last year.

Total assets at September 30, 2017 were $1.19 billion, an increase of
$73.8 million, or 6.6%, compared to September 30, 2016. Total deposits
were $1.08 billion, an increase of $64.3 million, or 6.3%, compared to
September 30, 2016. During the same period, total net loans (including
loans held-for-sale) increased $48.5 million, or 7.5%, to $694.9
million. The Company continued to be "well capitalized" under regulatory
definitions, exceeding the 10% total risk-based capital ratio threshold
at September 30, 2017.

Further commenting on the Company's financial results, Walker stated,
"Our third quarter performance set a new Company record for quarterly
earnings. This performance was driven in part by increases in net
interest income, investment & brokerage services income, and
mortgage-related income. In addition, our credit quality metrics
continued to be strong; as of September 30, 2017, our ratio of
non-performing assets to total assets remained exceptionally low at
0.3%. We believe this ratio is a reflection of the strength of our
regional economy and the diversification within our loan portfolio. But
it is the people side of our business, our exceptional team of bankers
and the relationships they've built that make our strong performance
possible. They are passionate about community banking and sharing with
others what differentiates First Northern Bank from the competition.
Their experience allows them the ability to keep a healthy balance
between developing new relationships while deepening existing ones."

First Northern Bank is an independent community bank that specializes in
relationship banking. The Bank, headquartered in Solano County since
1910, serves Solano, Yolo, Sacramento, Placer, and Contra Costa County,
as well as the west slope of El Dorado County. Experts are available in
small-business, commercial, real estate and agribusiness lending, as
well as mortgage loans. The Bank is an SBA Preferred Lender. Non-FDIC
insured Investment and Brokerage Services are available at every branch
location, including Dixon, Davis, West Sacramento, Fairfield, Vacaville,
Winters, Woodland, Sacramento, Roseville and Auburn. The Bank has a
full-service Trust Department in Sacramento and a commercial lending
office in Walnut Creek. Real estate mortgage and small-business loan
officers are available by appointment in any of the Bank's 10 branches.
First Northern is rated as a Veribanc "Blue Ribbon" Bank for the
earnings period ended June 30, 2017 (
The Bank can be found on the Web at,
on Facebook
and on LinkedIn.

Forward-Looking Statements

This press release may include certain "forward-looking statements"
about First Northern Community Bancorp and its subsidiaries (the
"Company"). These forward-looking statements are based on management's
current expectations, including but not limited to statements about
market conditions and current expectations about strategic focus and
competitive advantages, and are subject to certain risks, uncertainties
and changes in circumstances. Actual results may differ materially from
these expectations due to changes in global political, economic,
business, competitive, market and regulatory factors. More detailed
information about these risk factors is contained in the Company's most
recent reports filed with the Securities and Exchange Commission on
Forms 10-K and 10-Q, each as it may be amended from time to time, which
identify important risk factors that could cause actual results to
differ materially from those contained in the forward-looking
statements. The financial information contained in this release should
be read in conjunction with the consolidated financial statements and
notes thereto included in the Company's most recent reports on Form 10-K
and Form 10-Q, and any reports on Form 8-K. The Company undertakes no
obligation to update any forward-looking statements to reflect events or
circumstances arising after the date on which they are made. For further
information regarding the Company, please read the Company's reports
filed with the SEC and available at

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