First Northern Community Bancorp (NASDAQ: FNRN) is a California-based bank holding company that operates First Northern Bank of Dixon, a state-chartered commercial bank serving businesses and individuals in Northern California. The company makes money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits, supplemented by non-interest income from service charges on deposit accounts, debit card income, gains on loan sales, and merchant processing services. The bank competes against major commercial banks that dominate California's banking market, with larger institutions holding substantially greater lending limits. As of December 31, 2025, approximately 40% of the bank's deposits were uninsured, and the company held a Federal Home Loan Bank collateral borrowing capacity of $390,191,000. The company pays stock dividends rather than cash dividends. Jeremiah Z. Smith serves as President and Chief Executive Officer, and Kevin Spink serves as Executive Vice President and Chief Financial Officer.

Revenue model

Net interest income from loans and investment securities, plus non-interest income including service charges on deposit accounts, debit card income, gains on sales of loans held-for-sale, and merchant processing services fees.

Products and services

Commercial banking products including loans, deposit accounts (non-interest-bearing demand, interest-bearing demand/NOW, time deposits), investment securities, debit card services, merchant processing services, and online and mobile banking.

Customers and end markets

Businesses and individuals in Northern California. End markets include commercial borrowers and small businesses. Approximately 40% of deposits were uninsured as of December 31, 2025 and 2024.

Value-chain role

Community bank and bank holding company; takes deposits, extends credit, and provides payment and merchant processing services to commercial and retail customers in its local market area.

Geographic exposure

Primary market area in Northern California, with production data center in Sacramento and recovery data center in Las Vegas (as disclosed in 10-K filed 2026-03-13).

Competitors

Major California commercial banks (unnamed in filing), Other financial institutions in Northern California market area

Source: SEC 10-K, filed 2026-03-13

Industry: Savings Institution, Federally Chartered Peers: BankFinancial CORP COMMUNITY WEST BANCSHARES / Finwise Bancorp PNC Financial Services Group Inc SB Financial Group Inc