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Last $5.93 USD
Change Today +0.23 / 4.04%
Volume 147.5K
FFNM On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

first federal of northern mi (FFNM) Snapshot

Open
$5.70
Previous Close
$5.70
Day High
$6.09
Day Low
$5.70
52 Week High
07/2/14 - $6.30
52 Week Low
10/31/14 - $4.69
Market Cap
22.1M
Average Volume 10 Days
28.0K
EPS TTM
$0.68
Shares Outstanding
3.7M
EX-Date
01/28/15
P/E TM
8.7x
Dividend
$0.08
Dividend Yield
1.35%
Current Stock Chart for FIRST FEDERAL OF NORTHERN MI (FFNM)

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first federal of northern mi (FFNM) Details

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 operating 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.

first federal of northern mi (FFNM) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $191.2K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $116.3K
Compensation as of Fiscal Year 2013.

first federal of northern mi (FFNM) Key Developments

First Federal of Northern Michigan Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

First Federal of Northern Michigan Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $2,643,000 compared to $2,074,000 a year ago. Net interest income was $2,339,000 compared to $1,805,000 a year ago. Income before income tax benefit was $319,000 compared to loss before income tax expenses of $192,000 a year ago. Net income was $319,000, or $0.09 per basic share compared to a net loss of $192,000, or $0.07 per basic and diluted share, for the quarter ended December 31, 2013. For the year, the company reported total interest income of $9,100,000 compared to $8,319,000 a year ago. Net interest income was $8,018,000 compared to $7,169,000 a year ago. Income before income tax expense was $2,249,000 compared to $55,000 a year ago. Net income was $2,249,000, or $0.70 per basic and diluted share, compared to a consolidated $55,000 or $0.02 per basic and diluted share, for the twelve months ended December 31, 2013.

First Federal of Northern Michigan Bancorp, Inc. Announces Amendments to Bylaws

On January 20, 2015, the board of directors of First Federal of Northern Michigan Bancorp, Inc. amended the company's bylaws. The amendments appear in numerous sections of the Bylaws, including Article IV, Sections 3 and 4, and reflect the bifurcation of the roles of Chief Executive Officer and President of the company. Additionally, Article II, Section 14, was amended to reduce the mandatory retirement age of officers to 72 years of age.

First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on or About February 20, 2015

First Federal of Northern Michigan Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend will be paid on or about February 20, 2015, to stockholders of record as of the close of business on January 30, 2015.

 

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FFNM Competitors

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Georgetown Bancorp Inc/Old $18.41 USD 0.00
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Industry Analysis

FFNM

Industry Average

Valuation FFNM Industry Range
Price/Earnings 8.5x
Price/Sales 2.4x
Price/Book 0.7x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
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