secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001114927-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern Q3 net income $4.6M ($0.33/diluted); loans ex-PPP up 28.8% YoY
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- Q3 2022 net income of $4.6M ($0.33/diluted), up 1.3% from $4.5M ($0.32/diluted) in Q3 2021.
- Nine-month 2022 net income $11.2M ($0.80/diluted), up 1.5% from $11.0M ($0.77/diluted) prior year.
- Net loans ex-PPP grew $217.1M (28.8%) YoY; total net loans $971.2M at Sep 30, 2022, up 17.6%.
- Provision for loan loss $300K in Q3 vs reversal of $1.8M in Q3 2021, driven by loan growth.
- Total assets $1.93B, deposits $1.80B; bank remains well-capitalized per regulatory thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492722000018/0001114927-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492722000018/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-22-000018

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