secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001114927-23-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northern Q2 net income $4.6M (+28.7% YoY); NIM 3.97%, loans up 9.3%
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- Net income Q2 2023 $4.6M, diluted EPS $0.31, up 28.7% YoY; six-month net income $10.1M, up 52.6%.
- Net interest margin expanded to 3.97% from 3.55% in Q1 2023, including 28bp benefit from $1.3M interest recovery.
- Total net loans $1.0B, up 9.3% YoY, driven by commercial real estate and residential mortgage growth.
- Charge-off of $2.6M on an agricultural loan; provision for credit losses $2.6M; also recognized $2.0M recovery on different agricultural loan.
- Company remained 'well capitalized' with total risk-based capital exceeding 10% threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000015/0001114927-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492723000015/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-23-000015

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