First Federal of Northern Michigan

First Federal of Northern Michigan is headquartered in Alpena and is the 60^th largest bank in the state of Michigan. It is also the 2,949^th largest bank in the nation. It was established in 1957 and as of March of 2012, it had grown to 87 employees at 8 locations. First Federal of Northern Michigan has a 4-star health rating.

First Federal of Northern Michigan Routing Number: 272471085

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Data for Q1 2012

Institution Statistics First Federal of Northern Michigan OTS # 06210 FDIC Certificate # 30985 BankRate Report View Year Established 1957 Employees 87 Primary Regulator OCC Assets and Liabilities Assets $215.80 million Loans $139.53 million Deposits $152.00 million Equity Capital $24.34 million Loan Loss Allowance $1.66 million Unbacked Noncurrent Loans $2.91 million Real Estate Owned $2.31 million Historic Data - March 2011 Assets $215.13 million Equity Capital $22.54 million Loan Loss Allowance $1.99 million Unbacked Noncurrent Loans $6.21 million Real Estate Owned $4.15 million Profit Margin - Quarterly Net Interest Margin 4.02% Return on Assets 1.21% Return on Equity 10.87% Interest Income $2.43 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Federal of Northern Michigan had $5.22 million in non-current loans and owned real-estate with $26.01 million in equity and loan loss allowances on hand to cover it. This gives First Federal of Northern Michigan a Texas Ratio of 20.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Federal of Northern Michigan decreased significantly from 41.87% as of March 31, 2011 to 20.08% as of March 31, 2012, resulting in a positive change of 52.03%.This indicates that the balance sheet and financial strength for First Federal of Northern Michigan has improved significantly in recent periods. Deposit Growth In the past year, First Federal of Northern Michigan has decreased its total deposits by -$5.44 million, resulting in -3.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Federal of Northern Michigan has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Federal of Northern Michigan has $215.8 million in assets with $26.01 million in equity, resulting in a capitalization level of 12.05%, which is excellent.

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