BNET Industries

First Federal of Northern Michigan Bancorp Inc.

(FFNM) is in the Financial Services Industry

Market Cap:$5.3M
Last Fiscal Year Sales:$15.6M
  • Public
  • US
Dow Jones Description

First Federal Savings and Loan in Alpena was founded in 1957 by eleven community leaders who were willing to risk their own savings to provide residents of Northeast Michigan with a safe and convenient place to save their money and to borrow money for the purchase, repair or modernization of residential property. Now known as First Federal of Northern Michigan, we continue to add new products and services to meet the needs of our communities. Through our branch network, we offer consumer, mortgage and commercial lending. First Federal has seven full-service offices located in Northern Michigan - in Alpena, the Main Office on Second Avenue, and a branch office on Ripley Boulevard, Alanson, Cheboygan, Gaylord, Lewiston, Mio and Oscoda. All of our offices are designed with customer service in mind. Comfortable private offices are provided for all Loan Officers. We have drive-thru facilities and night depository boxes at most locations. All the offices have ATMs. The Alpena (Main), Mio, Cheboygan, Lewiston and Gaylord offices have safety deposit boxes available for our customer's convenience. We are extremely proud of having the opportunity to share our commitment to communities throughout Northeast Michigan. We are encouraged by the exciting remarks made by our customers and general public regarding our positive presence in the area.

President & Chief Executive Officer
Michael Mahler
Number of Employees 77
Contact Information

100 S Second Ave

Alpena, Michigan 49707

www.first-feder...

(989) 356-9041

NAICS Code Offices of Bank Holding Companies: 551111

Recent Events

  • First Federal of Northern Michigan Bancorp, Inc. Announces Third Quarter 2009 Results

    11/09/09 - Financial Announcement - View Story

  • First Federal of Northern Michigan Bancorp, Inc. Announces Second Quarter 2009 Results

    8/06/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Michael Mahler President & Chief Executive Officer
Amy E. Essex CFO, Treasurer, Secretary
Gregory Matthews Chief Credit Officer
Jerry Tracey Executive Vice President & Chief Lending Officer
Julie Curtis Senior Vice President Commercial Lending
Linda Sansom Senior Vice President Mortgage & Consumer Lending
Joseph Gentry Vice President, Hr
Kathy Brown Vice President, Internal Auditing & Compliance
Gary C. Vanmassenhove Partner
Chantal Vandusen Assistant Branch Manager
Joann Dehring Branch Manager
Kristan Lawes Branch Manager
Melissa Chabot Branch Manager
Rosita Perez Branch Manager
Shauna McLean Internal Auditor

Board of Directors

Name (plus bio) Position
James C. Rapin Chairman of The Board
Keith D. Wallace Board of Directors
Martin A Thomson Chair of Board
Thomas R. Townsend Board of Directors

Michael W. Mahler was appointed as our President and Chief Operating Officer in January 2006. Prior to this appointment, Mr. Mahler was our Executive Vice President since November 2004. Prior to this appointment, since November 2002, Mr. Mahler was our Chief Financial Officer. Mr. Mahler was named as a director of the Bank in June 2007. From September 2000 until November 2002, Mr. Mahler was Corporate Controller at Besser Company, Alpena, Michigan, an international producer of concrete products equipment. From 1990 until 2000, Mr. Mahler was employed at LTV Steel Company, East Chicago, Indiana where he served in financial roles of increasing responsibility and served, from 1997 until 2000, as Controller for a northeast Michigan division.

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. President & Chief Executive Officer Current
First Federal of Northern Michigan Bancorp, Inc. Board of Directors Current
First Federal of Northern Michigan Bancorp, Inc. President & COO Former
First Federal of Northern Michigan Bancorp, Inc. Executive Vice President, Corporate Secretary & Tr Former
Besser Company Corporate Controller Former

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. CFO, Treasurer, Secretary Current
Besser Company Director of Tax and Risk Former

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Chief Credit Officer Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Executive Vice President & Chief Lending Officer Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Senior Vice President Commercial Lending Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Senior Vice President Mortgage & Consumer Lending Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Vice President, Hr Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Vice President, Internal Auditing & Compliance Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Partner Current
First Federal of Northern Michigan Bancorp, Inc. Board of Directors Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Assistant Branch Manager Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Branch Manager Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Branch Manager Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Branch Manager Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Branch Manager Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Internal Auditor Current

Array

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Chairman of The Board Current

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Board of Directors Current

Array

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Director Current
First Federal of Northern Michigan Bancorp, Inc. CEO Former

Organization Position Status
First Federal of Northern Michigan Bancorp, Inc. Board of Directors Current
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     FFNM $1.57 -0.22 (-12.29% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 1,088
Shares Outstanding 2.88M
Market Cap 4.5M
Year High 3.1
Year Low 0.65
Earnings Per Share -0.94
P/E Ratio -1.67
Dividend 0.20
Yield 12.74
IndustryTop Rated

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