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


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8.01+0.11 (+1.39%)
At close: 10:40AM EDT
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First Federal of Northern Michigan Bancorp, Inc.

100 South Second Avenue
Alpena, MI 49707
United States
989-356-9041
http://www.first-federal.com

SectorFinancial
IndustryRegional - Midwest Banks
Full Time Employees

Key Executives

NameTitlePayExercisedAge
Mr. Michael W. MahlerCEO and Director209kN/A54
Mr. Jerome W. TraceyChief Lending Officer & EVP119.28kN/A57
Mr. Craig A. KusPres & COON/AN/A63
Mrs. Eileen M. BudnickVP, Director of Financial Reporting & Accounting, Treasurer & Corp. Sec.,N/AN/A40
Ms. Kathleen R. BrownVP of Compliance - First Federal of Northern Michigan BankN/AN/AN/A
Amounts are as of December 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.

Description

First Federal of Northern Michigan Bancorp, Inc. operates as the holding company for First Federal of Northern Michigan that provides various financial services to individual and business customers. It offers checking and savings accounts, individual retirement accounts, Christmas club accounts, money market accounts, youth accounts, time deposits, and certificates of deposit, as well as debit and credit cards. The company also provides one- to four-family residential real estate mortgages, commercial real estate loans, commercial loans, and consumer loans; home mortgage loans, the Michigan State housing development authority loans, veterans affairs loans, USDA rural housing loans, FHA loans, reverse mortgage loans, home improvement loans, home equity loans, and home equity lines of credit; personal loans; auto and recreational vehicle loans; business term loans; construction loans; letters of credit; small business loans; and business lines of credit. In addition, it offers online and mobile banking services, telephone banking services, and e-statements; safe deposit box, signature guarantee, notary, night deposit, and wire transfer services; and financial planning, cash management, and other services, as well as operates ATMs. As of February 21, 2017, the company operated eight full-service offices located in Northern Michigan. First Federal of Northern Michigan Bancorp, Inc. was founded in 1957 and is based in Alpena, Michigan.

Corporate Governance

First Federal of Northern Michigan Bancorp, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.