First Northern Community Bancorp (FNRN) Financial Statements (2024 and earlier)

Company Profile

Business Address 195 N FIRST STREET
DIXON, CA 95620
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments149,211187,417345,929267,177111,493116,032
Cash and cash equivalents149,211187,417345,929267,177111,493116,032
Financing receivable, accrued interest, after allowance for credit loss 4,713   
Total current assets:153,924187,417345,929267,177111,493116,032
Noncurrent Assets
Operating lease, right-of-use asset4,0734,9055,1385,9136,962
Property, plant and equipment9,9626,1226,5526,5136,5946,646
Intangible assets, net (including goodwill)4,141     
Intangible assets, net (excluding goodwill)4,141     
Total noncurrent assets:18,17611,02711,69012,42613,5566,646
Other undisclosed assets1,699,7321,672,9171,541,4681,375,7731,167,5421,127,167
TOTAL ASSETS:1,871,8321,871,3611,899,0871,655,3761,292,5911,249,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    5,000  
Total current liabilities:    5,000  
Noncurrent Liabilities
Other undisclosed liabilities1,712,5871,746,3211,748,1761,499,7191,159,6761,137,384
Total liabilities:1,712,5871,746,3211,748,1761,504,7191,159,6761,137,384
Equity
Equity, attributable to parent159,245125,040150,911150,657132,915112,461
Common stock123,235116,099109,793107,527100,18792,618
Additional paid in capital977977977977977977
Accumulated other comprehensive income (loss)(33,727)(46,528)(4,197)5,038134(5,036)
Retained earnings68,76054,49244,33837,11531,61723,902
Total equity:159,245125,040150,911150,657132,915112,461
TOTAL LIABILITIES AND EQUITY:1,871,8321,871,3611,899,0871,655,3761,292,5911,249,845

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues74,12255,87548,48351,40749,60445,954
Net investment income74,12355,88247,17648,86448,99345,617
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,150)(900) (3,050) (2,100)
Gross profit:72,97254,97548,48348,35749,60443,854
Operating expenses(10,024)(7,836)(7,463)(7,049)(6,697)(5,727)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,9442,7212,3071,7044,6074,898
Operating income:64,89249,86043,32743,01247,51443,025
Nonoperating income
(Investment Income, Nonoperating)
 1,405     
Interest and debt expense(7,584)(1,186)(912)(1,484)(1,859)(1,268)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (22,989)(24,866)(25,264)(24,462)
Income from continuing operations before equity method investments, income taxes:58,71348,67419,42616,66220,39117,295
Other undisclosed loss from continuing operations before income taxes(29,067)(27,008)    
Income from continuing operations before income taxes:29,64621,66619,42616,66220,39117,295
Income tax expense(8,092)(5,782)(5,240)(4,501)(5,670)(4,744)
Income from continuing operations:21,55415,88414,18612,16114,72112,551
Income before gain (loss) on sale of properties:14,18612,16114,72112,551
Net income available to common stockholders, diluted:21,55415,88414,18612,16114,72112,551

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:21,55415,88414,18612,16114,72112,551
Other comprehensive income (loss) (5,340)17,8613,742(1,993)(2,103)267
Other undisclosed comprehensive loss      
Comprehensive income:16,21433,74517,92810,16812,61812,818
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18,141(60,192)(12,977)6,8977,273(906)
Comprehensive income (loss), net of tax, attributable to parent:34,355(26,447)4,95117,06519,89111,912

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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