Business & Real Estate

Dixon’s First Northern sees profits rise, crosses $1 billion asset threshold

Dixon-based First Northern Community Bancorp, the holding company for First Northern Bank, with nearly a dozen branches in the region, had net income available to common shareholders of $1.7 million, or 17 cents a share, in this year’s second quarter, up more than 30 percent from $1.3 million, or 13 cents a share, in the second quarter of 2014.

Through six months this year, profits totaled $3.3 million, up 22.2 percent from 2.7 million in the year-ago period.

Total assets as of June 30 were $1 billion, a first for the banking firm.