First Northern Community Bancorp reported a net income of $21.1 million for the fiscal year ending December 31, 2025, reflecting a 5.5% increase from the previous year's net income of $20.0 million. The earnings per share rose to $1.30, an 8.3% increase compared to $1.20 in 2024. The company's net interest income also saw a rise, totaling $67.5 million, up 4.8% from $64.4 million in 2024, primarily driven by higher yields on loans and investment securities. The net interest margin improved to 3.77%, a 17 basis point increase from the prior year.
In terms of operational changes, First Northern Community Bancorp's total assets increased to approximately $1.91 billion, a 1.0% rise from $1.89 billion in 2024. The company experienced a slight decrease in total deposits, which fell by 1.2% to $1.68 billion. The loan portfolio, net of allowance for credit losses, increased marginally to $1.05 billion, with notable growth in commercial loans, which surged by 24% to $146.2 million. However, commercial real estate loans decreased by 2.9% to $702.5 million.
Strategically, the company has focused on enhancing its capital position, with stockholders' equity rising to $212.0 million, a 20.2% increase from $176.3 million in 2024. This growth was attributed to the net income generated during the year and a decrease in accumulated other comprehensive loss. The company also repurchased $4.7 million worth of its common stock during the year, as part of a stock repurchase program initiated in 2024.
First Northern Community Bancorp employed 204 full-time equivalent employees as of December 31, 2025, maintaining a stable workforce. The company continues to emphasize its community banking services across Northern California, with a focus on small- to medium-sized businesses and individual customers. The management remains optimistic about future growth, citing positive trends in the economy and housing market, although they acknowledge potential risks from economic fluctuations and regulatory changes.
Looking ahead, the company has indicated that it does not expect to pay cash dividends in the near future, as its focus remains on reinvesting in growth opportunities and maintaining a strong capital base. The management is also closely monitoring economic conditions and regulatory developments that could impact its operations and financial performance.
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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