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First Federal of Northern Michigan Bancorp, Inc. (FFNM)

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5.76 Up 0.09(1.60%) 10:51AM EDT
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First Federal of Northern Michigan Bancorp, Inc.
100 South Second Avenue
Alpena, MI 49707
United States - Map
Phone: 989-356-9041
Website: http://www.first-federal.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:71

Business Summary 

First Federal of Northern Michigan Bancorp, Inc., through its subsidiary, First Federal of Northern Michigan, provides various financial services to individuals, families, and businesses. It accepts various deposit products, including NOW accounts, regular savings, money market deposits, term certificate accounts, and individual retirement accounts. The company also offers various loans comprising one-to four-family residential real estate loans; commercial real estate loans; consumer and other loans, such as loans secured by savings accounts, new and used automobiles, mobile homes, boats, recreational vehicles, and other personal property; commercial loans consisting of term loans and revolving lines of credit; and construction loans. In addition, it engages in the mortgage banking activities that involve the origination and subsequent sale into the secondary mortgage market of one-to four-family residential mortgage loans. Further, the company develops, sells, leases, and maintains real estate properties. It provides its services through operating eight full-service facilities located in Alpena, Cheboygan, Emmet, Iosco, Otsego, Montmorency, and Oscoda Counties, Michigan. The company was founded in 1957 and is based in Alpena, Michigan.

Key Statistics


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Key Executives 
 PayExercised
Mr. Michael W. Mahler , 51
Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chief Exec. Officer for First Federal of Northern Michigan, Pres for First Federal of Northern Michigan and Director for First Federal of Northern Michigan
201.00K0.00
Mr. Jerome W. Tracey , 54
Chief Lending Officer, Exec. VP, Chief Lending Officer for First Federal of Northern Michigan Bank and Exec. VP for First Federal of Northern Michigan
122.00K0.00
Ms. Eileen M. Budnick , 37
Principal Accounting Officer, VP, Director of Financial Reporting & Accounting, Treasurer and Corp. Sec.
N/AN/A
Ms. Debra S. Weiss ,
Sr. VP of Retail Banking - First Federal of Northern Michigan
N/AN/A
Mr. Joseph W. Gentry II ,
VP of HR - First Federal of Northern Michigan
N/AN/A
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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