First Northern Community Bancorp reported its financial results for the second quarter and first half of 2026, revealing a net income of $10.6 million for the six months ending June 30, 2026, a 16.4% increase from $9.1 million in the same period last year. However, net income for the second quarter alone decreased by 13.5% to $4.7 million compared to $5.5 million in the prior year. The diluted earnings per share for the first half rose to $0.64, up from $0.55, while for the second quarter, it fell to $0.29 from $0.33.
The company's total assets increased to $1.93 billion as of June 30, 2026, reflecting a 0.8% rise from $1.91 billion at the end of 2025. Total net loans, including loans held-for-sale, grew by 4.0% to $1.09 billion, while total deposits also saw a modest increase of 0.8% to $1.69 billion. The net interest income for the first half of 2026 was $34.2 million, a 4.0% increase from $32.9 million in the same period last year, with a net interest margin of 3.79%, up from 3.74%.
In terms of operational developments, the company reported a provision for credit losses of $900,000 for the first half of 2026, compared to $850,000 in the same period last year. This provision was attributed to an increase in qualitative factors related to geopolitical risks. The company also noted a significant increase in non-interest income, which rose by 17.2% to $3.5 million for the first half, driven primarily by investment and brokerage services income following the acquisition of Beacon Wealth in late 2025.
The company’s loan portfolio showed a diverse composition, with commercial loans increasing significantly to $214.2 million from $146.2 million at the end of 2025. However, non-accrual loans decreased to $4.57 million from $6.03 million, indicating improved asset quality. The allowance for credit losses stood at 1.34% of total loans, reflecting a cautious approach to credit risk management. Looking ahead, First Northern Community Bancorp anticipates continued growth in its loan portfolio and deposits, although it remains vigilant regarding market conditions and regulatory changes that may impact its operations.
About FIRST NORTHERN COMMUNITY BANCORP
First Northern Community Bancorp is a bank holding company operating First Northern Bank of Dixon, a community bank serving California counties. It offers personal and business banking services, including loans, deposits, and investment products. The bank emphasizes small- and medium-sized business support, local market focus, and regulatory compliance, providing financial solutions through a network of branches, financial advisors, and digital channels.
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