SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 1 0 - K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1997
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Commission file number: 0-27982
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FIRST NORTHERN CAPITAL CORP.
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(Exact name of registrant as specified in its charter)
Wisconsin 39-1830142
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
201 North Monroe Ave., P.O. Box 23100, Green Bay, WI 54305-3100
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(920) 437-7101
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Securities registered pursuant to Section 12(b) of the Act:
NONE
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, $1.00 PAR VALUE
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(Title of class)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ X ]
As of February 27, 1998, 8,922,023 shares of Common Stock
were outstanding, and the aggregate market value of the Common
Stock (based upon the $13.00 last sale price quotation on The
NASDAQ Stock Market, Inc./National Market System as reported in
the Wall Street Journal) held by non-affiliates (excludes a total
of 1,153,447 shares reported as beneficially owned by directors
and executive officers or held in the registrant's 401(k) Savings
Plan; does not constitute an admission as to affiliate status)
was approximately $100,991,488.
DOCUMENTS INCORPORATED BY REFERENCE<PAGE>
Part of Form 10-K Into Which
Document Portions of Document are Incorporated
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Poxy Statement for
Annual Meeting of
Stockholders on April 22, 1998 Part III<PAGE>
The purpose of this amended filing is to include the amended
Financial Data Schedule (_FDS_) for December 31, 1996, as a
result of the adoption of FAS 128 by First Northern Capital Corp.
during fiscal year 1997.
DATE: March 25, 1998
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BY: /s/Rick B. Colberg
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Vice President, Chief Financial Officer
and Treasurer
(Principal Accounting Officer)<PAGE>
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1997
<PERIOD-END> DEC-31-1996 DEC-31-1997
<CASH> 1,965 640
<INT-BEARING-DEPOSITS> 1,598 321
<FED-FUNDS-SOLD> 0 0
<TRADING-ASSETS> 0 0
<INVESTMENTS-HELD-FOR-SALE> 7,472 7,731
<INVESTMENTS-CARRYING> 25,908 31,906
<INVESTMENTS-MARKET> 25,880 32,002
<LOANS> 559,464<F1> 598,925
<ALLOWANCE> 2,937 3,177
<TOTAL-ASSETS> 615,503 667,696
<DEPOSITS> 458,323 481,788
<SHORT-TERM> 17,622 27,302
<LIABILITIES-OTHER> 4,237 4,953
<LONG-TERM> 59,650 75,975
0 0
0 0
<COMMON> 4,568 9,136
<OTHER-SE> 65,656 64,681
<TOTAL-LIABILITIES-AND-EQUITY> 615,503 667,696
<INTEREST-LOAN> 39,556 43,972
<INTEREST-INVEST> 2,320 2,624
<INTEREST-OTHER> 0 0
<INTEREST-TOTAL> 41,876 46,596
<INTEREST-DEPOSIT> 20,244 21,437
<INTEREST-EXPENSE> 23,203 26,491
<INTEREST-INCOME-NET> 18,673 20,105
<LOAN-LOSSES> 370 320
<SECURITIES-GAINS> 0 0
<EXPENSE-OTHER> 15,939 13,374
<INCOME-PRETAX> 5,050 9,687
<INCOME-PRE-EXTRAORDINARY> 5,050 9,687
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 3,283 6,036
<EPS-PRIMARY> .37<F1><F2> .68
<EPS-DILUTED> .36<F1><F2> .66
<YIELD-ACTUAL> 3.31 3.26
<LOANS-NON> 744 440
<LOANS-PAST> 0 0
<LOANS-TROUBLED> 0 0
<LOANS-PROBLEM> 0 0
<ALLOWANCE-OPEN> 2,608 2,937
<CHARGE-OFFS> 66 101
<RECOVERIES> 25 21
<ALLOWANCE-CLOSE> 2,937 3,177
<ALLOWANCE-DOMESTIC> 2,937 3,177
<ALLOWANCE-FOREIGN> 0 0
<ALLOWANCE-UNALLOCATED> 0 0
<FN>
<F1>See financial statements and notes thereto in Form 10-K.
<F2>Restated due to the adoption of FAS 128 in fiscal year 1997.
</FN>
</TABLE>
