First Northern Community Bancorp (FNRN) risk factors, FY2025 10-K

First Northern Community Bancorp's FY2025 10-K, filed Mar 13, 2026, lists 19 risk factors. Against the prior year's 20: 1 dropped, 9 substantially reworded.

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Risk factors listed
190 groups
New this year
0vs 20 last year
Dropped
1since the prior 10-K
Substantially reworded
9of those kept
Section length
12k wordsItem 1A

What the changes say

  • Allowance for credit losses decreased to $14.5 million or 1.36% of total loans at December 31, 2025.
  • Real estate-secured loans decreased from 87% to 84% of total loans.

What changed since the prior 10-K

Dropped

  • Dropped

    borrowers, improving underwriting standards, and increasing accountability and transparency in the securitization process

Reworded

  • 73% rewritten

    Increases in the Allowance for Credit Losses Would Adversely Affect the Bank ’ s Financial Condition and Results of Operations

    Allowance for credit losses decreased to $14.5 million, representing 1.36% of total loans at December 31, 2025, with zero provision recorded.

  • 56% rewritten

    Adverse Economic Factors Affecting Certain Industries the Bank Serves Could Adversely Affect Our Business

  • 55% rewritten

    Negative Developments in the Banking Industry, and any Legislative and/or Bank Regulatory Actions that may Result, Could Adversely Affect our Business Operations, Results of Operations and Financial Condition

    Was: Recent Negative Developments in the Banking Industry, and any Legislative and/or Bank Regulatory Actions that may Result, Could Adversely Affect our Business Operations, Results of Operations and Financial Condition

  • 46% rewritten

    The long-term impact of these developments on the markets we serve cannot be predicted at this time

    Real estate-secured loans as a percentage of total loans decreased to approximately 84% at December 31, 2025.

  • 45% rewritten

    The Bank is Subject to Interest Rate Risk

  • 29% rewritten

    The Company May Not Be Successful in Raising Additional Capital Needed in the Future

  • 26% rewritten

    The Bank’s Dependence on Real Estate Lending Increases Our Risk of Losses

    Loans secured by real estate and construction loans comprised approximately 84% of total loans at December 31, 2025.

  • 24% rewritten

    Competition Adversely Affects our Profitability

  • 23% rewritten

    There is a Limited Public Market for the Company ’ s Common Stock Which May Make It Difficult for Shareholders to Dispose of Their Shares

All 19 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Negative Developments in the Banking Industry, and any Legislative and/or Bank Regulatory Actions that may Result, Could Adversely Affect our Business Operations, Results of Operations and Financial Condition55% rewritten
  2. 02The Bank is Subject to Lending Risks of Loss and Repayment Associated with Commercial Banking Activities
  3. 03Increases in the Allowance for Credit Losses Would Adversely Affect the Bank ’ s Financial Condition and Results of Operations73% rewritten
  4. 04Material future additions to the allowance for estimated losses on loans may be necessary if material adverse changes in economic conditions in our markets were to continue to occur and the performance of the Bank’s loan portfolio were to deteriorate
  5. 05The Bank’s Dependence on Real Estate Lending Increases Our Risk of Losses26% rewritten
  6. 06Adverse Economic Factors Affecting Certain Industries the Bank Serves Could Adversely Affect Our Business56% rewritten
  7. 07Industry specific risks are beyond the Bank’s control and could adversely affect the Bank’s portfolio of loans, potentially resulting in an increase in non-performing loans or charge-offs and a slowing of growth or reduction in our loan portfolio
  8. 08The long-term impact of these developments on the markets we serve cannot be predicted at this time46% rewritten
  9. 09The Bank is Subject to Interest Rate Risk45% rewritten
  10. 10Our Ability to Pay Dividends is Subject to Legal Restrictions
  11. 11Competition Adversely Affects our Profitability24% rewritten
  12. 12Government Regulation and Legislation Could Adversely Affect the Company
  13. 13Changes in Deposit Insurance Premiums Could Adversely Affect Our Business
  14. 14Negative Public Opinion Could Damage Our Reputation and Adversely Affect Our Earnings
  15. 15Changes in Accounting Standards Could Materially Impact Our Financial Statements
  16. 16There is a Limited Public Market for the Company ’ s Common Stock Which May Make It Difficult for Shareholders to Dispose of Their Shares23% rewritten
  17. 17Information Security Breaches or Other Technological Difficulties Could Adversely Affect the Company
  18. 18Environmental Hazards Could Have a Material Adverse Effect on the Company ’ s Business, Financial Condition, and Results of Operations
  19. 19The Company May Not Be Successful in Raising Additional Capital Needed in the Future29% rewritten

Other First Northern Community Bancorp 10-Ks

  • FY2024 10-K risk factors
    20 risks

    The bank's risk profile centers on commercial and real estate loan concentration in California. Regional bank failures, California wildfires, and home insurance pullbacks increase credit and default risks.

    Filed Mar 07, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.