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

    -NasdaqCM
    6.33 Up 0.07(1.12%) Sep 3, 4:00PM 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:83

    Business Summary 

    First Federal of Northern Michigan Bancorp, Inc. operates as a holding company for First Federal of Northern Michigan that 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 owner-occupied residential mortgage 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 develops, sells, leases, and maintains real estate properties. The company provides its services through eight full-service facilities located in Alpena, Cheboygan, Emmet, Iosco, Otsego, Montmorency, and Oscoda Counties, Michigan. First Federal of Northern Michigan Bancorp, Inc. was founded in 1957 and is based in Alpena, Michigan.

    Key Statistics


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    Key Executives 
     PayExercised
    Mr. Michael W. Mahler , 52
    Chief Exec. Officer, Director, Member of Exec. Committee, Chief Exec. Officer of First Federal of Northern Michigan and Director of First Federal of Northern Michigan
    209.00K0.00
    Mr. Jerome W. Tracey , 55
    Chief Lending Officer, Exec. VP, Chief Lending Officer for First Federal of Northern Michigan Bank and Exec. VP for First Federal of Northern Michigan
    119.00K0.00
    Mr. Craig A. Kus , 61
    Pres, Chief Operating Officer, Pres of First Federal of Northern Michigan and Chief Operating Officer of First Federal of Northern Michigan
    N/AN/A
    Ms. Eileen M. Budnick , 38
    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
    Joseph P. Garber ,
    Chief Credit Officer and Sr. VP
    N/AN/A
    Amounts are as of Dec 31, 2014 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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