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Last $6.34 USD
Change Today +0.04 / 0.63%
Volume 3.6K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first federal of northern mi (FFNM) Snapshot

Open
$6.33
Previous Close
$6.30
Day High
$6.34
Day Low
$6.17
52 Week High
06/15/15 - $6.80
52 Week Low
10/31/14 - $4.69
Market Cap
23.6M
Average Volume 10 Days
1.7K
EPS TTM
$0.76
Shares Outstanding
3.7M
EX-Date
07/29/15
P/E TM
8.3x
Dividend
$0.12
Dividend Yield
1.42%
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.

83 Employees
Last Reported Date: 04/16/15
Founded in 1957

first federal of northern mi (FFNM) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $197.3K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $113.3K
Compensation as of Fiscal Year 2014.

first federal of northern mi (FFNM) Key Developments

First Federal of Northern Michigan Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

First Federal of Northern Michigan Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net interest income was $2,316 million against $1.796 million a year ago. Income before income tax expense was $0.356 million against $0.221 million a year ago. Net income was $0.356 million or $0.10 per basic and diluted share against $0.221 million or $0.08 per basic and diluted share a year ago. Book value per share at March 31, 2015 was $8.36 compared to $8.31 at March 31, 2014, primarily reflecting the company's improvement to earnings period over period and as a result of the recent merger. Return on average assets was 0.42% against 0.42% a year ago. Return on average equity was 4.58% against 3.73.% a year ago.

First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on or About May 15, 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 May 15, 2015, to stockholders of record as of the close of business on April 30, 2015.

First Federal of Northern Michigan Bancorp, Inc., Annual General Meeting, May 13, 2015

First Federal of Northern Michigan Bancorp, Inc., Annual General Meeting, May 13, 2015., at 13:00 US Eastern Standard Time. Location: Art in the Loft, 109 N. Second Ave. Suite 300. Agenda: To consider the election of three directors of First Federal of Northern Michigan Bancorp, Inc.; to consider the ratification of the appointment of Plante & Moran, PLLC as independent registered public accountants for the year ending December 31, 2015; to consider and approve a non-binding advisory resolution regarding the compensation of the company’s named executive officers; and to consider the such other matters as may properly come before the meeting, or any adjournments thereof.

 

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FFNM:US $6.34 USD +0.04

FFNM Competitors

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Company Last Change
Georgetown Bancorp Inc/Old $17.97 USD 0.00
Hamilton Bancorp Inc/MD $13.48 USD -0.02
Jacksonville Bancorp Inc/IL $23.74 USD -0.16
Polonia Bancorp Inc $11.49 USD -0.05
Wayne Savings Bancshares Inc $12.92 USD +0.22
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Industry Analysis

FFNM

Industry Average

Valuation FFNM Industry Range
Price/Earnings 8.7x
Price/Sales 2.2x
Price/Book 0.8x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful
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