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FFNM - First Federal of Northern Michigan Bancorp, Inc.


FFNM Stock Chart

FFNM Profile

First Federal of Northern Michigan Bancorp, Inc. logo

First Federal of Northern Michigan Bancorp, Inc. (FFNM) is a bank holding company that operates through its subsidiary, First Federal of Northern Michigan. The bank provides a range of financial products and services to individuals and businesses in Michigan, including deposit accounts, loans, mortgages, and wealth management services.

First Federal of Northern Michigan had a market capitalization of approximately $36 million. The company's total assets as of the end of fiscal year 2020 were $357 million, representing a slight decrease compared to the previous year. Net income for the same period was $1.7 million, a decrease from $2.7 million in the previous year.

First Federal of Northern Michigan has a strong focus on community involvement, and has been recognized for its commitment to supporting local communities.

The banking industry is subject to various risks, including changes in interest rates, regulatory risks, and economic downturns. However, First Federal of Northern Michigan's focus on community involvement and customer service should position it well for continued success in the future.

First Federal of Northern Michigan's stock is listed on the OTC Pink market under the ticker symbol FFNM. Investors should carefully consider their investment objectives, risk tolerance, and other factors before investing in First Federal of Northern Michigan or any other banking



 

 
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