8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report April 30, 2007

(Date of Earliest event reported)

FIRST NORTHERN COMMUNITY BANCORP

(Exact name of registrant as specified in its charter)

California	68-0450397
(State of Incorporation)	(IRS Employer ID Number)

000-30707

(Commission File No.)

First Northern Community Bancorp
195 North First Street, P.O. Box 547, Dixon, California	95620
(Address of principal executive offices)	(Zip Code)

(707) 678-3041

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION

On April 30, 2007, First Northern Community Bancorp issued a press release concerning financial results for the 1^st quarter of 2007, a copy of which is included as ITEM 9.01 (c) Exhibit 99.1 and incorporated herein by reference in both ITEM 2.02 and ITEM 7.01. The Company does not intend for this exhibit to be incorporated by reference into future filings under the Securities Exchange Act of 1934.

ITEM 7.01 REGULATION FD DISCLOSURE

On April 30, 2007, First Northern Community Bancorp issued a press release concerning financial results for the 1^st quarter of 2007, a copy of which is included as ITEM 9.01 (c) Exhibit 99.1 and incorporated herein by reference in both ITEM 2.02 and ITEM 7.01 in accordance with SEC Release No. 33-8216.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibit

99.1Earnings Press Release, dated April 30, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 30, 2007	First Northern Community Bancorp (Registrant)
	/s/ Louise A. Walker
	By: Louise A. Walker
	Senior Executive Vice President
	Chief Financial Officer

EXHIBIT INDEX

Exhibit	Document
99.1	Earnings Press Release, dated April 30, 2007

EX-99.1

EXHIBIT 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact:Owen J. Onsum                    April 30, 2007
  President & CEO

FIRST NORTHERN COMMUNITY BANCORP

& FIRST NORTHERN BANK

P.O. Box 547

Dixon, California
  (707) 678-3041

First Northern Community Bancorp 1st Quarter Earnings Report

Dixon, California - First Northern Community Bancorp (FNRN), holding company for First Northern Bank, today announced earnings for the first quarter of 2007. Owen “John” Onsum, President and Chief Executive Officer, stated, “We continued to post positive gains in our assets, deposits and loans. We believe our first quarter results were respectable in light of recent economic reports on projected 2007 corporate profits where there seems to be broad agreement that it will be a difficult earnings year due to the slowing economy. Also, it will be especially challenging to the banking industry as interest margins will continue to be compressed and competition for loans and deposits will continue to intensify. We are pleased to report that First Northern Bank was announced as a 2007 Super Premier Performing Bank by The Findley Reports in their April 2007 Banking Newsletter. This designation is the bank rating company’s highest award designation.”

Net income of $2.09 million, down 12.9% over the $2.40 million earned in the same fiscal period last year. (First quarter 2006 net income was increased through a $339 thousand, net of tax, recovery of provision for loan losses from a prior period. First quarter 2007 net income was increased through a $100 thousand, net of tax, recovery of provision for loan losses from a prior period.) Without the recoveries of loan loss provisions, net income would have been $1.99 million for 2007 and $2.06 million for 2006, a decrease of 3.4%.

Total assets at March 31, 2007 were $694.0 million, an increase of $32.0 million, or 4.8% over the first quarter of 2006. Total deposits of $614.7 million increased $25.7 million or 4.4% compared to March 31, 2006 figures. During that same period, total net loans (including loans held-for-sale) increased $2.4 million, or 0.5%, to $470.4 million.

Diluted earnings per share for the three months ended March 31, 2007 of $0.24, down 11.1% from the $0.27 reported in the same period last year (all 2006 per share earnings have been adjusted for a 6% stock dividend issued March 30, 2007).

Annualized Return on Average Assets for the period ended March 31, 2007 was 1.22%, compared to 1.44% for the same period in 2006. Annualized Return on Beginning Equity was 13.49%, compared to 16.91% one year ago.

First Northern Bank, an independent community bank headquartered in Solano County since 1910, serves Solano, Yolo, Sacramento, Placer and the west slope of El Dorado County. First Northern has 11 branches located in Dixon, Davis, West Sacramento, Fairfield, Vacaville (2), Winters, Woodland, Downtown Sacramento, Roseville, and Folsom, and has an SBA Loan Office and full service Trust Department in Sacramento. First Northern Bank also offers non-FDIC insured Investment and Brokerage Services at each branch location. The Bank can be found on the Web at www.thatsmybank.com.

Forward-Looking Statements

This press release may include certain "forward-looking statements" about First Northern Community Bancorp (the "Company"). These forward-looking statements are based on management's current expectations and are subject to certain risks, uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about these risk factors is contained in the Company's most recent reports filed with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's most recent reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances arising after the date on which they are made. For further information regarding the Company, please read the Company's reports filed with the SEC and available at www.sec.gov.

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