First Northern Community Bancorp, the holding company for First Northern Bank of Dixon, California, was noted for its financial characteristics. The company operates with just under $2 billion in assets.
The bank's balance sheet is described as very liquid, holding substantial cash and available-for-sale securities. This liquidity position is a key aspect of its financial stability.
Furthermore, the loan book is characterized as robust, exhibiting low non-accrual levels. The company also successfully resolved a non-performing loan recently without incurring a loss, demonstrating effective credit management.
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