First Northern Community Bancorp
First Northern Community Bancorp operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses. The company accepts demand deposits, interest-bearing transaction deposits, savings and money market deposit accounts, and time deposits. It also offers commercial, commercial real estat… Read more
First Northern Community Bancorp (FNRN) - Net Assets
Latest net assets as of September 2025: $204.77 Million USD
Based on the latest financial reports, First Northern Community Bancorp (FNRN) has net assets worth $204.77 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.91 Billion) and total liabilities ($1.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $204.77 Million |
| % of Total Assets | 10.73% |
| Annual Growth Rate | 6.78% |
| 5-Year Change | 17.04% |
| 10-Year Change | 105.4% |
| Growth Volatility | 9.7 |
First Northern Community Bancorp - Net Assets Trend (2000–2024)
This chart illustrates how First Northern Community Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Northern Community Bancorp (2000–2024)
The table below shows the annual net assets of First Northern Community Bancorp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $176.33 Million | +10.73% |
| 2023-12-31 | $159.25 Million | +27.36% |
| 2022-12-31 | $125.04 Million | -17.14% |
| 2021-12-31 | $150.91 Million | +0.17% |
| 2020-12-31 | $150.66 Million | +13.35% |
| 2019-12-31 | $132.91 Million | +18.19% |
| 2018-12-31 | $112.46 Million | +12.41% |
| 2017-12-31 | $100.04 Million | +8.39% |
| 2016-12-31 | $92.30 Million | +7.51% |
| 2015-12-31 | $85.85 Million | -6.74% |
| 2014-12-31 | $92.05 Million | +8.41% |
| 2013-12-31 | $84.91 Million | -8.03% |
| 2012-12-31 | $92.33 Million | +5.27% |
| 2011-12-31 | $87.70 Million | +10.18% |
| 2010-12-31 | $79.60 Million | +1.92% |
| 2009-12-31 | $78.09 Million | +25.90% |
| 2008-12-31 | $62.03 Million | -3.04% |
| 2007-12-31 | $63.98 Million | +3.20% |
| 2006-12-31 | $61.99 Million | +9.13% |
| 2005-12-31 | $56.80 Million | +9.44% |
| 2004-12-31 | $51.90 Million | +10.49% |
| 2003-12-31 | $46.97 Million | +8.13% |
| 2002-12-31 | $43.44 Million | +4.54% |
| 2001-12-31 | $41.56 Million | +13.74% |
| 2000-12-31 | $36.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Northern Community Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 536.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $81.30 Million | 46.11% |
| Other Components | $95.03 Million | 53.89% |
| Total Equity | $176.33 Million | 100.00% |
First Northern Community Bancorp Competitors by Market Cap
The table below lists competitors of First Northern Community Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pulmuone Holdi
KO:017810
|
$114.87 Million |
|
Roadrunner Transportation Systems Inc
PINK:RRTS
|
$114.88 Million |
|
Hannong Chem
KO:011500
|
$114.90 Million |
|
Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret AS
IS:INDES
|
$114.91 Million |
|
Giantplus Technology Co Ltd
TW:8105
|
$114.87 Million |
|
Green Landscaping Group AB (publ)
ST:GREEN
|
$114.86 Million |
|
Saha-Union Public Company Limited
BK:SUC
|
$114.86 Million |
|
MultiPlan Corporation
NYSE:MPLN
|
$114.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Northern Community Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 159,245,000 to 176,332,000, a change of 17,087,000 (10.7%).
- Net income of 20,034,000 contributed positively to equity growth.
- Dividend payments of 7,000 reduced retained earnings.
- Share repurchases of 3,764,000 reduced equity.
- New share issuances of 102,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.03 Million | +11.36% |
| Dividends Paid | $7.00K | -0.0% |
| Share Repurchases | $3.76 Million | -2.13% |
| Share Issuances | $102.00K | +0.06% |
| Other Changes | $722.00K | +0.41% |
| Total Change | $- | 10.73% |
Book Value vs Market Value Analysis
This analysis compares First Northern Community Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.14x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $8.94 | $10.19 | x |
| 2014-12-31 | $9.02 | $10.19 | x |
| 2015-12-31 | $8.04 | $10.19 | x |
| 2016-12-31 | $8.28 | $10.19 | x |
| 2017-12-31 | $7.43 | $10.19 | x |
| 2018-12-31 | $8.32 | $10.19 | x |
| 2019-12-31 | $9.80 | $10.19 | x |
| 2020-12-31 | $11.05 | $10.19 | x |
| 2021-12-31 | $10.90 | $10.19 | x |
| 2022-12-31 | $8.53 | $10.19 | x |
| 2023-12-31 | $9.80 | $10.19 | x |
| 2024-12-31 | $11.06 | $10.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Northern Community Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.47%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 10.73x
- Recent ROE (11.36%) is above the historical average (10.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 13.80% | 15.48% | 0.08x | 10.72x | $1.39 Million |
| 2001 | 12.82% | 16.12% | 0.08x | 10.58x | $1.17 Million |
| 2002 | 13.16% | 16.86% | 0.07x | 11.40x | $1.37 Million |
| 2003 | 13.01% | 16.30% | 0.07x | 11.89x | $1.41 Million |
| 2004 | 12.92% | 18.21% | 0.06x | 12.11x | $1.52 Million |
| 2005 | 15.30% | 18.63% | 0.07x | 11.63x | $3.01 Million |
| 2006 | 14.21% | 16.51% | 0.08x | 11.05x | $2.61 Million |
| 2007 | 11.38% | 13.06% | 0.08x | 11.10x | $883.50K |
| 2010 | 3.35% | 6.82% | 0.05x | 9.26x | $-5.29 Million |
| 2011 | 3.04% | 6.98% | 0.05x | 8.91x | $-6.11 Million |
| 2012 | 5.03% | 12.32% | 0.05x | 9.01x | $-4.59 Million |
| 2013 | 6.34% | 15.08% | 0.04x | 10.57x | $-3.11 Million |
| 2014 | 6.38% | 16.66% | 0.04x | 10.41x | $-3.34 Million |
| 2015 | 8.06% | 17.78% | 0.04x | 12.17x | $-1.66 Million |
| 2016 | 8.72% | 19.13% | 0.04x | 12.64x | $-1.18 Million |
| 2017 | 8.74% | 18.59% | 0.04x | 12.17x | $-1.26 Million |
| 2018 | 11.16% | 24.34% | 0.04x | 11.11x | $1.30 Million |
| 2019 | 11.08% | 27.10% | 0.04x | 9.72x | $1.43 Million |
| 2020 | 8.07% | 23.32% | 0.03x | 10.99x | $-2.90 Million |
| 2021 | 9.40% | 25.50% | 0.03x | 12.58x | $-905.10K |
| 2022 | 12.70% | 26.16% | 0.03x | 14.97x | $3.38 Million |
| 2023 | 13.54% | 29.53% | 0.04x | 11.75x | $5.63 Million |
| 2024 | 11.36% | 28.47% | 0.04x | 10.73x | $2.40 Million |
Industry Comparison
This section compares First Northern Community Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Northern Community Bancorp (FNRN) | $204.77 Million | 13.80% | 8.32x | $114.87 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |