First Northern Q2 net income $3.5M ($0.26/diluted), up 7.3% YoY; loan growth ex-PPP +24.3%

FIRST NORTHERN COMMUNITY BANCORP

2022-Q2 EPS reported $0.48

Net income of $3.5M ($0.26/diluted) for Q2 2022, vs $3.3M ($0.23) in Q2 2021, up 7.3%.
Total assets $1.90B, up 3.4% YoY; total deposits $1.75B, up 5.3% YoY.
Net loans (ex-PPP) grew $181.9M or 24.3% YoY, driven by commercial real estate and ag originations.
Non-performing assets decreased 35% vs year-ago quarter.
Bank remained 'well capitalized' with total risk-based capital ratio above 10% threshold.

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