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First Northern Community Bancorp Executive Compensation (FY25)

FNRN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jeremiah Smith
Latest say-on-pay support
=
May 19, 2026
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Data as of October 22, 2026Latest filing (8-K): May 26, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
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First Northern Community Bancorp brief$1,500Get the executive brief
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133 figures on this page: 129 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jeremiah Smith: $831,346 → $931,888 (12.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Northern Community Bancorp's chief executive and what were they paid?
Total compensation for Jeremiah Smith, President, Chief Executive Officer and Director of the Bank and Company, came to $931,888 in fiscal 2025. Smith's total was 12.1% higher than the $831,346 reported for fiscal 2024.
What was First Northern Community Bancorp's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.8% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Louise Walker
President, Chief Executive Officer and Director of the Bank and Company
◇—◇—◇—◇◇
Jeremiah Smith
Senior Executive Vice President, Chief Operating Officer of the Bank and Company
◇—◇◇◇—◇◇
T. Joe Danelson
Executive Vice President, Chief Credit Officer of the Bank and Company
◇—◇—◇—◇◇
Kevin Spink
Executive Vice President, Chief Financial Officer of the Bank and Company
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremiah Smith
President, Chief Executive Officer and Director of the Bank and Company
◇—◇—◇—◇◇
T. Joe Danelson
Executive Vice President, Chief Credit Officer of the Bank and Company
◇—◇—◇—◇◇
Kevin Spink
Executive Vice President, Chief Financial Officer of the Bank and Company
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremiah Smith
President, Chief Executive Officer and Director of the Bank and Company
◇—◇—◇—◇◇
Kevin Spink
Executive Vice President, Chief Financial Officer of the Bank and Company
◇—◇—◇—◇◇
Brett Hamilton
Executive Vice President, Chief Credit Officer of the Bank and Company
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremiah Smith
President, Chief Executive Officer and Director of the Bank and Company
◇—◇—◇—◇◇
Kevin Spink
Executive Vice President, Chief Financial Officer of the Bank and Company
◇◇◇—◇—◇◇
Brett Hamilton
Executive Vice President, Chief Credit Officer of the Bank and Company
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brett HamiltonOTHER——————◇
Jeremiah SmithOTHER——————◇
Kevin SpinkOTHER——————◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeremiah SmithOption◇—◇—
RSU◇◇——
Brett HamiltonRSU◇◇——
Kevin SpinkRSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Brett Hamilton
Executive Vice President, Chief Credit Officer of the Bank and Company · Employment agreement · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-solicit period◇
Kevin Spink
Executive Vice President, Chief Financial Officer of the Bank and Company · Employment agreement · citing a 2024 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John M. Carbahal
◇——————
Richard M. Martinez
◇——————
Sean P. Quinn
Board chair
◇——————
Louise A. Walker
◇——————
Mark C. Schulze
◇——————
Barbara A. Hayes
◇——————
Richard Bedoya
◇——————
Patrick R. Brady
◇——————
Gregory DuPratt
◇——————
Foy S. McNaughton
◇——————
Jean-Luc Servat and Jeremiah Z. Smith served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Committee meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2022May 16, 2023=◇◇◇
2019June 25, 2020=◇◇◇
2016May 16, 2017=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Jeremiah Smith (President, Chief Executive Officer and Director of the Bank and Company), FY2025 total compensation $931,888 (base salary $500,175) [exec_comp, SEC accession 0001437749-26-011866, filed 2026-04-09]

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What this page does not include

Everything above is a fact First Northern Community Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
133 figures on this page: 129 cited to the filing that reported them, 4 calculated from figures it prints.
129 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001114927-26-000070
  2. 0001437749-26-011866
    2025 Director Compensation Table · 2025 Outstanding Equity Awards at Fiscal Year-End* · RATIFICATION OF THE APPOINTMENT BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF BAKER TILLY US LLP AS THE INDEPENDE · Summary Compensation Table
  3. 0001114927-25-000026
    Summary Compensation Table
  4. 0001114927-24-000038
  5. 0001114927-23-000013
  6. 0001114927-23-000009
    Narrative to Summary Compensation Table
  7. 0001114927-20-000019
  8. 0001114927-17-000011
  9. 0001140361-24-025147
    EX-10.44
  10. 0001140361-24-012415
    EX-10.40
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “First Northern Community Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FNRN (accessed 2026).
Short form: data: Velarion

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10 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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