FIRST NORTHERN COMMUNITY BANCORP 10-K

ITEM 5 - MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Company’s common stock is not listed on any exchange. However, trades may be reported on the OTC Markets under the symbol “FNRN.” The Company is aware that JWTT, Inc., Monroe Securities and Raymond James all currently make a market in the Company’s common stock. Management is aware that there are also private transactions in the Company’s common stock, and the data set forth below may not reflect all such transactions. The following table summarizes the range of reported high and low bid quotations of the Company’s Common Stock for each quarter during the last two fiscal years and is based on information provided by D.A. Davidson. The quotations reflect the price that would be received by the seller without retail mark-up, mark-down or commissions and may not have represented actual transactions: QUARTER/YEAR HIGH* LOW* 4th Quarter 2021 $ 10.38 $ 9.63 3rd Quarter 2021 $ 10.71 $ 10.30 2nd Quarter 2021 $ 11.19 $ 9.90 1st Quarter 2021 $ 10.29 $ 8.98 4th Quarter 2020 $ 9.52 $ 7.43 3rd Quarter 2020 $ 7.44 $ 7.03 2nd Quarter 2020 $ 7.70 $ 6.99 1st Quarter 2020 $ 10.32 $ 7.07 * Price adjusted for stock dividends in the indicated periods for the 5% stock dividends payable March 25, 2022 and March 25, 2021, as described below. As of March 1, 2022, there were approximately 1,388 holders of record of the Company’s common stock, no par value. In the prior two fiscal years and to date, the Company has declared the following stock dividends: Shareholder Record Date Dividend Percentage Date Payable February 28, 2020 5% March 25, 2020 February 26, 2021 5% March 25, 2021 February 28, 2022 5% March 25, 2022 The Company does not expect to pay a cash dividend in the foreseeable future. Our ability to declare and pay dividends is affected by certain regulatory restrictions. See “Business – Restrictions on Dividends and Other Distributions” above. For information regarding securities authorized for issuance under equity compensation plans, see Part III, Item 12 of this Annual Report on Form 10-K. 27 Table of Contents Purchases of Equity Securities by the Issuer or Affiliated Purchasers On May 20, 2021, the Company approved a new stock repurchase program effective June 15, 2021. The new stock repurchase program, which will remain in effect until June 14, 2023, allows repurchases by the Company in an aggregate amount of no more than 4% of the Company’s 13,680,085 outstanding shares of common stock as of March 31, 2021. This represents total shares of 547,203 eligible for repurchase. The Company repurchased 505,824 shares of the Company’s outstanding common stock during the year ended December 31, 2021. The Company made the following repurchases of its common stock during the year ended December 31, 2021: (a) (b) (c) (d) Period Total number of shares purchased Average price paid per share Number of shares purchased as part of publicly announced plans or programs Maximum number of shares that may yet be purchased under the plans or programs June 1 - June 30, 2021 82,549 $ 11.15 82,549 464,654 July 1 - July 31, 2021 - - - 464,654 August 1 - August 31, 2021 102,693 10.95 102,693 361,961 September 1 - September 30, 2021 29,641 11.02 29,641 332,320 October 1 - October 31, 2021 - - - 332,320 November 1 - November 30, 2021 128,830 10.39 128,830 203,490 December 1 - December 31, 2021 162,111 10.22 162,111 41,379 28 Table of Contents ITEM 6 - RESERVED 29 Table of Contents