Last $5.90 USD
Change Today +0.08 / 1.37%
Volume 762.0
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

first federal of northern mi (FFNM) Snapshot

Open
$5.96
Previous Close
$5.82
Day High
$5.96
Day Low
$5.90
52 Week High
07/2/14 - $6.30
52 Week Low
10/31/14 - $4.69
Market Cap
22.0M
Average Volume 10 Days
17.9K
EPS TTM
$0.56
Shares Outstanding
3.7M
EX-Date
01/28/15
P/E TM
10.5x
Dividend
$0.08
Dividend Yield
1.38%
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.

71 Employees
Last Reported Date: 06/30/14
Founded in 1957

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 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.

First Federal of Northern Michigan Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

First Federal of Northern Michigan Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported income before income tax benefit and net income of $1,614,346, or $0.48 per basic and diluted compared to reported income before income tax benefit and net income of $182,457, or $0.06 per basic and diluted share, for the quarter ended September 30, 2013. Interest income increased to $2,387,306 from $2,065,468 for the comparable period in 2013. Net interest income was $2,116,958 against $1,790,869 a year ago. Net interest income after provision for loan losses was $1,859,658 against $1,759,136 a year ago. For the nine months, the company reported income before income tax benefit and net income of $1,929,980, or $0.63 per basic and diluted share, compared to reported income before income tax benefit and net income of $246,589, or $0.09 per basic and diluted share for the nine months ended September 30, 2013. Interest income increased to $6,456,941 compared to $6,245,260 for the comparable period in 2013. The increase was due in large part to an increase of $26.0 million in the average balance of interest-earning assets. Net interest income was $5,678,690 against $5,364,657 a year ago. Net interest income after provision for loan losses was $5,405,625 against $4,993,097 a year ago.

 

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FFNM Competitors

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Company Last Change
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Industry Analysis

FFNM

Industry Average

Valuation FFNM Industry Range
Price/Earnings 10.1x
Price/Sales 2.3x
Price/Book 0.7x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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