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Monday, November 30, 2009, 5:39PM ET - U.S. Markets Closed. Dow Up 0.34% Nasdaq Up 0.29%
First Federal of Northern Michigan Bancorp, Inc. (FFNM)At 1:51PM ET: 1.4236  Down 0.0664 (4.46%)  
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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
Web Site: http://www.first-federal.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:88

BUSINESS SUMMARY 
First Federal of Northern Michigan Bancorp, Inc. operates as the holding company for First Federal of Northern Michigan that provides community-oriented banking services to individuals, families, and businesses. It generates various deposits, including NOW accounts, regular savings, money market deposits, term certificate accounts, and individual retirement accounts. The company also provides various loan products, such as mortgage loans secured by one- to four-family residential real estate; commercial loans; construction loans; commercial real estate loans; and consumer loans, including loans secured by savings accounts, new and used automobiles, mobile homes, boats, recreational vehicles, and other personal property. In addition, it engages in mortgage banking activities, which involve in the origination and subsequent sale into the secondary mortgage market of one- to four-family residential mortgage loans. Further, First Federal of Northern Michigan Bancorp sells life, property, casualty, and health insurance products, as well as non-insured investment products. Additionally, the company leases, sells, develops, and maintains real estate properties. As of December 31, 2008, it operated eight full-service facilities located in Alpena, Cheboygan, Emmett, 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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    CORPORATE GOVERNANCE 
    First Federal of Northern Michigan Bancorp, Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 32.4% of CGQ Universe companies and 18.4% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael W. Mahler , 46
    Chief Exec. Officer, Director, Member of Exec. Committee, Chief Exec. Officer of First Federal of Northern Michigan of First Federal of Northern Michigan
    N/A N/A
    Ms. Amy E. Essex , 45
    Chief Financial Officer, Principal Accounting Officer, Sec., Treasurer, Chief Financial Officer of First Federal of Northern Michigan Bank, Corp. Sec. of First Federal of Northern Michigan Bank and Treasurer of First Federal of Northern Michigan Bank
    $ 105.00KN/A
    Mr. Jerome W. Tracey , 49
    Chief Lending Officer, Exec. VP, Chief Lending Officer of First Federal of Northern Michigan Bank and Exec. VP of First Federal of Northern Michigan Bank
    $ 104.00KN/A
    Ms. Debra S. Weiss ,
    Sr. VP of Retail Banking - First Federal of Northern Michigan
    N/A N/A
    Mr. Joseph W. Gentry II,
    VP of HR - First Federal of Northern Michigan
    N/A N/A
    Dollar amounts are as of 31-Dec-08 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.
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