Banking
First Northern Community Bancorp Executive Compensation (FY25)
FNRN · Executive and director compensation, fiscal 2024 to 2025
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
92 figures on this page: 88 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Figures cover fiscal 2024 through fiscal 2025, and the company reported 3 named executive officers for fiscal 2025. 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. 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.
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 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Brett Hamilton | OTHER | — | — | — | — | — | — | ◇ |
| Jeremiah Smith | OTHER | — | — | — | — | — | — | ◇ |
| Kevin Spink | OTHER | — | — | — | — | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Jeremiah Smith | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Brett Hamilton | RSU | ◇ | ◇ | — | — |
| Kevin Spink | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Sean P. Quinn Board chair | ◇ | — | — | — | — | — | ◇ |
Louise A. Walker | ◇ | — | — | — | — | — | ◇ |
Barbara A. Hayes | ◇ | — | — | — | — | — | ◇ |
John M. Carbahal | ◇ | — | — | — | — | — | ◇ |
Gregory DuPratt | ◇ | — | — | — | — | — | ◇ |
Richard M. Martinez | ◇ | — | — | — | — | — | ◇ |
Mark C. Schulze | ◇ | — | — | — | — | — | ◇ |
Patrick R. Brady | ◇ | — | — | — | — | — | ◇ |
Foy S. McNaughton | ◇ | — | — | — | — | — | ◇ |
Richard Bedoya | ◇ | — | — | — | — | — | ◇ |
Jeremiah Z. Smith and Jean-Luc Servat 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 19, 2026 | = | ◇ | ◇ | ◇ |
| 2022 | May 16, 2023 | = | ◇ | ◇ | ◇ |
| 2019 | June 25, 2020 | = | ◇ | ◇ | ◇ |
| 2016 | May 16, 2017 | = | ◇ | ◇ | ◇ |
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
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
92 figures on this page: 88 cited to the filing that reported them, 4 calculated from figures it prints.
88 cited to the filing
4 calculated from the filing
Documents cited
- 0001114927-26-000070
- 0001437749-26-0118662025 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
- 0001114927-25-000026Summary Compensation Table
- 0001114927-23-000013
- 0001114927-20-000019
- 0001114927-17-000011
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “First Northern Community Bancorp executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/FNRN (accessed 2026).
Short form: data: Velarion
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Terms on this page
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}
}