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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.17
FFNM's Cash to Debt is ranked lower than
63% of the 1134 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.18 vs. FFNM: 1.17 )
Ranked among companies with meaningful Cash to Debt only.
FFNM' s Cash to Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.13 Max: N/A
Current: 1.17
Equity to Asset 0.10
FFNM's Equity to Asset is ranked higher than
51% of the 1602 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FFNM: 0.10 )
Ranked among companies with meaningful Equity to Asset only.
FFNM' s Equity to Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.11 Max: 0.13
Current: 0.1
0.08
0.13
Interest Coverage 1.18
FFNM's Interest Coverage is ranked lower than
55% of the 1585 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. FFNM: 1.18 )
Ranked among companies with meaningful Interest Coverage only.
FFNM' s Interest Coverage Range Over the Past 10 Years
Min: 0.05  Med: 0.20 Max: 2.08
Current: 1.18
0.05
2.08
F-Score: 2
M-Score: -2.49
WACC vs ROIC
6.10%
7.91%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) 13.38
FFNM's Operating margin (%) is ranked lower than
82% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.11 vs. FFNM: 13.38 )
Ranked among companies with meaningful Operating margin (%) only.
FFNM' s Operating margin (%) Range Over the Past 10 Years
Min: -56.67  Med: 1.37 Max: 19.56
Current: 13.38
-56.67
19.56
Net-margin (%) 28.09
FFNM's Net-margin (%) is ranked higher than
70% of the 1620 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.40 vs. FFNM: 28.09 )
Ranked among companies with meaningful Net-margin (%) only.
FFNM' s Net-margin (%) Range Over the Past 10 Years
Min: -68.11  Med: 1.37 Max: 30.17
Current: 28.09
-68.11
30.17
ROE (%) 9.48
FFNM's ROE (%) is ranked higher than
65% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.20 vs. FFNM: 9.48 )
Ranked among companies with meaningful ROE (%) only.
FFNM' s ROE (%) Range Over the Past 10 Years
Min: -25.78  Med: 0.63 Max: 10.73
Current: 9.48
-25.78
10.73
ROA (%) 0.95
FFNM's ROA (%) is ranked higher than
60% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. FFNM: 0.95 )
Ranked among companies with meaningful ROA (%) only.
FFNM' s ROA (%) Range Over the Past 10 Years
Min: -2.81  Med: 0.07 Max: 1.04
Current: 0.95
-2.81
1.04
Revenue Growth (3Y)(%) -3.80
FFNM's Revenue Growth (3Y)(%) is ranked lower than
76% of the 1336 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. FFNM: -3.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FFNM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -3.80 Max: 117.3
Current: -3.8
0
117.3
EBITDA Growth (3Y)(%) 92.30
FFNM's EBITDA Growth (3Y)(%) is ranked higher than
98% of the 1226 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. FFNM: 92.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FFNM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -24.10 Max: 92.3
Current: 92.3
0
92.3
» FFNM's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-23)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

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Business Description

Industry: Banks » Banks - Regional - US
Compare:OTCPK:STBI, OTCPK:PBNK, OTCPK:SBTB, OTCPK:PMHG, OTCPK:MVLY, OTCPK:CFST, OTCPK:WEIN, OTCBB:PLRM, OTCPK:VSBN, OTCPK:PARA, OTCPK:BAYK, OTCPK:QNTO, OTCPK:PPBN, OTCPK:PMRA, OTCPK:CBJC, OTCPK:LGHT, OTCPK:FBPA, OTCPK:TBNC, NAS:GLBZ, OTCPK:CBWA » details
First Federal of Northern Michigan Bancorp Inc is a bank holding company for First Federal of Northern Michigan (a savings bank). The Bank provides financial services to individuals, families and businesses.

First Federal of Northern Michigan Bancorp, Inc., a Maryland corporation was incorporated in 1957. The Company is a holding company for First Federal of Northern Michigan which is a full-service, community-oriented savings bank. The Bank provides financial services to individuals, families and businesses from eight full-service facilities located in Alpena, Antrim, Cheboygan, Emmett, Iosco, Otsego, Montmorency and Oscoda Counties, Michigan. First Federal of Northern Michigan's business consists mainly of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one -to-four-family residential mortgage loans, commercial real estate loans, commercial business loans, consumer loans and in investment securities and mortgage-backed securities. First Federal of Northern Michigan conducts operations through its main office in Alpena, Michigan, which is located in the northeastern lower peninsula of Michigan, and through its seven other branch offices in Michigan. The largest part of the company's loan portfolio is mortgage loans secured by one- to four-family residential real estate. Bancorp also originate commercial loans, commercial real estate loans and consumer loans. The company originates a variety of consumer and other loans, including loans secured by savings accounts, new and used automobiles, mobile homes, boats, recreational vehicles, and other personal property. It originates construction loans to local home builders in its market area, generally with whom the company has an established relationship, and to individuals engaged in the construction of its residence. First Federal of Northern Michigan Bancorp, Inc.'s only direct subsidiary is First Federal of Northern Michigan. First Federal of Northern Michigan has two wholly owned subsidiaries. One subsidiary, Financial Services & Mortgage Corporation, leases, sells, develops and maintains real estate properties. The Company encounters strong competition both in attracting deposits and in originating real estate and other loans. Its direct competition for deposits has historically come from commercial banks, other savings institutions, and credit unions in its market area. Competition for loans comes from such financial institutions. It competes for savings deposits by offering depositors a high level of personal service and a range of competitively priced financial products. It competes for real estate loans primarily on the basis of the interest rates and fees it charges and through advertising. Interest and other charges collected or contracted for by First Federal of Northern Michigan are subject to state usury laws and federal laws concerning interest rates. First Federal of Northern Michigan's operations are also subject to federal laws applicable to credit transactions.

Ratios

vs
industry
vs
history
P/E(ttm) 8.01
FFNM's P/E(ttm) is ranked higher than
77% of the 1682 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.67 vs. FFNM: 8.01 )
Ranked among companies with meaningful P/E(ttm) only.
FFNM' s P/E(ttm) Range Over the Past 10 Years
Min: 6.45  Med: 34.09 Max: 548
Current: 8.01
6.45
548
PE(NRI) 8.01
FFNM's PE(NRI) is ranked higher than
79% of the 1537 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.86 vs. FFNM: 8.01 )
Ranked among companies with meaningful PE(NRI) only.
FFNM' s PE(NRI) Range Over the Past 10 Years
Min: 6.45  Med: 34.19 Max: 548
Current: 8.01
6.45
548
Price/Owner Earnings (ttm) 13.12
FFNM's Price/Owner Earnings (ttm) is ranked higher than
62% of the 851 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.62 vs. FFNM: 13.12 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FFNM' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 5.85  Med: 18.48 Max: 206.59
Current: 13.12
5.85
206.59
P/B 0.73
FFNM's P/B is ranked higher than
72% of the 1759 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FFNM: 0.73 )
Ranked among companies with meaningful P/B only.
FFNM' s P/B Range Over the Past 10 Years
Min: 0.07  Med: 0.59 Max: 0.89
Current: 0.73
0.07
0.89
P/S 2.27
FFNM's P/S is ranked higher than
64% of the 1761 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.94 vs. FFNM: 2.27 )
Ranked among companies with meaningful P/S only.
FFNM' s P/S Range Over the Past 10 Years
Min: 0.25  Med: 1.47 Max: 2.4
Current: 2.27
0.25
2.4
EV-to-EBIT 19.73
FFNM's EV-to-EBIT is ranked lower than
68% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.90 vs. FFNM: 19.73 )
Ranked among companies with meaningful EV-to-EBIT only.
FFNM' s EV-to-EBIT Range Over the Past 10 Years
Min: -356.8  Med: 19.70 Max: 701
Current: 19.73
-356.8
701
EV-to-EBITDA 15.13
FFNM's EV-to-EBITDA is ranked lower than
57% of the 1649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.75 vs. FFNM: 15.13 )
Ranked among companies with meaningful EV-to-EBITDA only.
FFNM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -79.3  Med: 15.00 Max: 102.8
Current: 15.13
-79.3
102.8
PEG 0.49
FFNM's PEG is ranked higher than
82% of the 731 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FFNM: 0.49 )
Ranked among companies with meaningful PEG only.
FFNM' s PEG Range Over the Past 10 Years
Min: 0.77  Med: 0.90 Max: 1.43
Current: 0.49
0.77
1.43

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.05
FFNM's Dividend Yield is ranked lower than
69% of the 2235 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. FFNM: 2.05 )
Ranked among companies with meaningful Dividend Yield only.
FFNM' s Dividend Yield Range Over the Past 10 Years
Min: 0.36  Med: 2.17 Max: 19.48
Current: 2.05
0.36
19.48
Dividend Payout 0.13
FFNM's Dividend Payout is ranked higher than
90% of the 1294 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FFNM: 0.13 )
Ranked among companies with meaningful Dividend Payout only.
FFNM' s Dividend Payout Range Over the Past 10 Years
Min: -0.6  Med: 0.65 Max: 5
Current: 0.13
-0.6
5
Forward Dividend Yield 2.32
FFNM's Forward Dividend Yield is ranked lower than
68% of the 2109 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.21 vs. FFNM: 2.32 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.05
FFNM's Yield on cost (5-Year) is ranked lower than
73% of the 2505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.58 vs. FFNM: 2.05 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FFNM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.36  Med: 2.17 Max: 19.48
Current: 2.05
0.36
19.48
3-Year Average Share Buyback Ratio -9.00
FFNM's 3-Year Average Share Buyback Ratio is ranked lower than
74% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FFNM: -9.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FFNM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -23.7  Med: 0.00 Max: 0
Current: -9
-23.7
0

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.77
FFNM's Price/Tangible Book is ranked higher than
71% of the 1747 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.12 vs. FFNM: 0.77 )
Ranked among companies with meaningful Price/Tangible Book only.
FFNM' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.09  Med: 0.75 Max: 2.19
Current: 0.77
0.09
2.19
Earnings Yield (Greenblatt) (%) 5.10
FFNM's Earnings Yield (Greenblatt) (%) is ranked lower than
62% of the 1803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. FFNM: 5.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FFNM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.1  Med: 1.80 Max: 17.1
Current: 5.1
0.1
17.1
Forward Rate of Return (Yacktman) (%) 12.28
FFNM's Forward Rate of Return (Yacktman) (%) is ranked higher than
52% of the 844 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.22 vs. FFNM: 12.28 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FFNM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -51.1  Med: 7.20 Max: 160.8
Current: 12.28
-51.1
160.8

More Statistics

Revenue (TTM) (Mil) $11.21
EPS (TTM) $ 0.85
Beta0.54
Short Percentage of Float0.17%
52-Week Range $5.86 - 7.28
Shares Outstanding (Mil)3.73
» More Articles for FFNM

Headlines

Articles On GuruFocus.com
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) Nov 15 2010 
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) Aug 16 2010 
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) May 17 2010 
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) Nov 16 2009 
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) Aug 14 2009 
First Federal of Northern Michigan Banco Reports Operating Results (10-Q) May 15 2009 

More From Other Websites
First Federal Of Northern Michigan Bancorp, Inc. Announces Second Quarter 2016 Results Jul 22 2016
First Federal Of Northern Michigan Bancorp, Inc. Announces Second Quarter 2016 Results Jul 22 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend Jul 19 2016
FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. Financials May 28 2016
First Federal of Northern Michigan Bancorp, Inc. :FFNM-US: Earnings Analysis: Q1, 2016 By the... May 02 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend Apr 19 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend Apr 19 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Strategic Loan Growth Initiative Mar 11 2016
First Federal of Northern Michigan Bancorp, Inc. Earnings Analysis: 2015 By the Numbers Feb 29 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Fourth Quarter 2015 and Full Year Results Feb 26 2016
First Federal Of Northern Michigan Bancorp, Inc. Announces Resignation Of Director Richard L.... Feb 05 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Increase to Quarterly Cash Dividend Jan 26 2016
First Federal of Northern Michigan Bancorp, Inc. Announces Increase to Quarterly Cash Dividend Jan 26 2016
FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. Financials Dec 31 2015
OTC Markets Group Welcomes First Federal of Northern Michigan Bancorp to OTCQX Dec 28 2015
OTC Markets Group Welcomes First Federal of Northern Michigan Bancorp to OTCQX Dec 28 2015
FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. Files SEC form 8-K, Notice of Delisting or Failure... Dec 15 2015
First Federal of Northern Michigan Bancorp, Inc. Announces Delisting of Stock From Nasdaq Capital... Dec 15 2015
First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend Nov 19 2015
/C O R R E C T I O N -- First Federal of Northern Michigan Bancorp, Inc./ Nov 19 2015

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