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

-NasdaqCM

4.52 May 22, 9:30AM 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
Fax: 989-354-8671
Website: http://www.first-federal.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:69

Business Summary 

First Federal of Northern Michigan Bancorp, Inc. operates as the bank holding company for First Federal of Northern Michigan that provides financial services to individuals, families, and businesses in northeastern lower peninsula of Michigan. 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 mortgage loans secured by one- to four-family residential real estate; 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; 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 eight full-service facilities located in Alpena, Cheboygan, Emmet, Iosco, Otsego, Montmorency, and Oscoda Counties. 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 , 50
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
199.00K0.00
Mr. Jerome W. Tracey , 53
Chief Lending Officer, Exec. VP, Chief Lending Officer for First Federal of Northern Michigan Bank and Exec. VP for First Federal of Northern Michigan
114.00K0.00
Ms. Eileen Budnick , 36
Principal Accounting Officer, Director of Financial Reporting & Accounting, Corp. Sec. and Treasurer
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 30, 2012 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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