First Northern Community Bancorp Management
Management criteria checks 2/4
First Northern Community Bancorp's CEO is Jeremiah Smith, appointed in Jan 2023, has a tenure of 1.33 years. total yearly compensation is $1.04M, comprised of 45.8% salary and 54.2% bonuses, including company stock and options. directly owns 0.66% of the company’s shares, worth $917.56K. The average tenure of the management team and the board of directors is 3.8 years and 11.3 years respectively.
Key information
Jeremiah Smith
Chief executive officer
US$1.0m
Total compensation
| CEO salary percentage | 45.8% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.7% |
| Management average tenure | 3.8yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$20m |
| Dec 31 2023 | US$1m | US$475k | US$22m |
| Sep 30 2023 | n/a | n/a | US$19m |
| Jun 30 2023 | n/a | n/a | US$19m |
| Mar 31 2023 | n/a | n/a | US$18m |
| Dec 31 2022 | US$694k | US$331k | US$16m |
| Sep 30 2022 | n/a | n/a | US$14m |
| Jun 30 2022 | n/a | n/a | US$14m |
| Mar 31 2022 | n/a | n/a | US$14m |
| Dec 31 2021 | US$597k | US$315k | US$14m |
| Sep 30 2021 | n/a | n/a | US$14m |
| Jun 30 2021 | n/a | n/a | US$13m |
| Mar 31 2021 | n/a | n/a | US$13m |
| Dec 31 2020 | US$609k | US$309k | US$12m |
| Sep 30 2020 | n/a | n/a | US$12m |
| Jun 30 2020 | n/a | n/a | US$13m |
| Mar 31 2020 | n/a | n/a | US$13m |
| Dec 31 2019 | US$529k | US$292k | US$15m |
| Sep 30 2019 | n/a | n/a | US$14m |
| Jun 30 2019 | n/a | n/a | US$14m |
| Mar 31 2019 | n/a | n/a | US$14m |
| Dec 31 2018 | US$534k | US$275k | US$13m |
| Sep 30 2018 | n/a | n/a | US$10m |
| Jun 30 2018 | n/a | n/a | US$9m |
| Mar 31 2018 | n/a | n/a | US$9m |
| Dec 31 2017 | US$455k | US$250k | US$9m |
Compensation vs Market: Jeremiah's total compensation ($USD1.04M) is above average for companies of similar size in the US market ($USD667.63K).
Compensation vs Earnings: Jeremiah's compensation has increased by more than 20% in the past year.
CEO
Jeremiah Smith (47 yo)
1.3yrs
Tenure
US$1,036,734
Compensation
Mr. Jeremiah Z. Smith serves as Chief Executive Officer, President & Director and of First Northern Community BanCorp., and First Northern Bank of Dixon since January 1, 2023. He served as Senior Executive...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.3yrs | US$1.04m | 0.66% $ 917.6k | |
| Executive VP & CFO | 6.3yrs | US$524.66k | 0.27% $ 377.5k | |
| Executive VP & Chief Information Officer | no data | no data | 0.24% $ 340.0k | |
| VP & Corporate Secretary | no data | no data | no data | |
| Senior Vice President & Human Resources Director | no data | no data | no data | |
| Executive VP & Chief Communications Officer | 13.3yrs | no data | 0.28% $ 391.3k | |
| Senior VP & Operations Administrator | less than a year | no data | no data | |
| Executive VP & Chief Credit Officer | less than a year | no data | no data | |
| Executive VP & Senior Loan Officer | 13.3yrs | US$317.56k | 0.63% $ 880.3k |
3.8yrs
Average Tenure
54yo
Average Age
Experienced Management: FNRN's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.3yrs | US$1.04m | 0.66% $ 917.6k | |
| Independent Director | 24.3yrs | US$34.00k | 0.31% $ 429.4k | |
| Independent Director | 24.3yrs | US$32.50k | 0.78% $ 1.1m | |
| Independent Director | 24.3yrs | US$33.00k | 0.66% $ 921.7k | |
| Director | 13.3yrs | US$30.50k | 1.23% $ 1.7m | |
| Independent Director | 13.2yrs | US$30.50k | 0.17% $ 241.5k | |
| Independent Chairman | 11.3yrs | US$36.70k | 0.049% $ 67.7k | |
| Independent Director | 7.2yrs | US$27.50k | 4.34% $ 6.0m | |
| Independent Director | 8.3yrs | US$33.00k | 0.076% $ 105.7k | |
| Independent Vice Chairman | 7.6yrs | US$35.40k | 0.041% $ 56.6k | |
| Independent Director | 4.3yrs | US$31.00k | 0.0024% $ 3.3k |
11.3yrs
Average Tenure
66yo
Average Age
Experienced Board: FNRN's board of directors are seasoned and experienced ( 11.3 years average tenure).