| Company Name: | First Federal Northern Michigan Bancorp, Incorporated | | Ticker Symbol: | FFNM | | | WWW Address: | www.first-federal.com | | CEO: | Michael W. Mahler | | No. of Employees: | 77 | | Common Issue Type: | CS | | Business Description: | A holding company for First Federal of Northern Michigan, which provides community-oriented financial services to individuals, families and businesses in Michigan.
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| | | Industry Information: | BANKING - Regional - Midwest Banks [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 1.45 |  0.0 | 1.46 | 1.51 | 0 | 1.45 | 1.45 | - |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 4.2 | 2.9 | 1.75 | -1.12 | 0.20 | 0.0 | 13.8 | 2.94 - 0.65 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 1.45 | $ | | PE Ratio - LTM | 0.0 | |
| Market Capitalisation | 4.2 | mil |
| Latest Shares Outstanding | 2.9 | mil |
| Earnings pS (EPS) | -1.12 | $ |
| Dividend pS (DPS) | 0.20 | ¢ |
| Dividend Yield | 13.8 | % |
| Dividend Payout Ratio | 0 | % |
| Revenue per Employee | 203,169 | $ |
| Effective Tax Rate | 0.0 | % |
| Float | 2.7 | mil |
| Float as % of Shares Outstanding | 93.1 | % |
| Foreign Sales | - | |
| Domestic Sales | - | |
| Selling, General & Adm/tive (SG&A) as % of Revenue | - | |
| Research & Devlopment (R&D) as % of Revenue | - | |
| Gross Profit Margin | - | |
| EBITDA Margin | -1.0 | % |
| Pre-Tax Profit Margin | -41.0 | % |
| Assets Turnover | 0.1 | % |
| Return on Assets (ROA) | -2.5 | % |
| Return on Equity (ROE) | 0.0 | % |
| Return on Capital Invested (ROCI) | -8.2 | % |
| Current Ratio | - | |
| Leverage Ratio (Assets/Equity) | 9.2 | |
| Interest Cover | 0.0 | |
| Total Debt/Equity (Gearing Ratio) | 1.81 | |
| LT Debt/Total Capital | 64.0 | % |
| Working Capital pS | - | |
| Cash pS | - | |
| Book-Value pS | 9.00 | $ |
| Tangible Book-Value pS | 8.66 | $ |
| Cash Flow pS | -2.08 | $ |
| Free Cash Flow pS | 1.44 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 0.16 | |
| Price/Tangible Book Ratio | 0.17 | |
| Price/Cash Flow | -0.7 | |
| Price/Free Cash Flow | 1.0 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 0.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 09/17/2008 |
| Dividend Ex-Date | 09/25/2008 |
| Dividend Record Date | 09/29/2008 |
| Dividend Pay Date | 10/16/2008 |
| Dividend Amount | 50 |
| Type of Payment | Cash Payment |
| Dividend Rate | 0.20 |
| Current Dividend Yield | 13.8 |
| 5-Y Average Dividend Yield | 5.3 |
| Payout Ratio | 0.0 |
| 5-Y Average Payout Ratio | 89.0 |
|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -0.7 | 98 | 91 | 45 |
| 4 Weeks | 2.19 | 1.45 | 1.80 | -19.4 | 75 | 64 | 1,145 |
| 13 Weeks | 2.19 | 1.45 | 1.95 | -25.6 | 69 | 25 | 1,578 |
| 26 Weeks | 2.20 | 1.45 | 1.78 | -18.7 | 67 | 22 | 2,755 |
| 52 Weeks | 2.94 | 0.65 | 2.94 | -50.7 | 40 | 43 | 10,717 |
| YTD | 2.50 | 0.65 | - | 16.0 | 94 | 41 | 9,409 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 1.47 | 1.51 | 1.85 | 1.90 | 1.67 | 1.75 | 1.61 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | -4.23 | 30.7 | -12.39 |
| Income | 0.00 | 0.0 | 0.00 |
| Dividend | 0.00 | 0.0 | 0.00 |
| Capital Spending | -49.06 | NA | -73.52 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 0.00 | NA | 0.00 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -10.9 | -13.8 | -22.5 |
| Earnings % | 0.0 | 0.0 | 0.0 |
| EPS % | 0.0 | 0.0 | 0.0 |
| EPS $ | -0.95 | -1.10 | -0.56 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Free Cash Flow Margin | -0.78 |
| Free Cash Flow Margin 5YEAR AVG | 1.05 |
| Cash-Flow pS | 0.12 |
| Free Cash-Flow pS | -0.04 |
| FINANCIAL STRUCTURE RATIOS |
| Financial Leverage Ratio (Assets/Equity) | 8.42 |
| Debt Ratio | 88.12 |
| Total Debt/Equity (Gearing Ratio) | 1.37 |
| LT Debt/Equity | 1.37 |
| LT Debt/Capital Invested | 57.74 |
| LT Debt/Total Liabilities | 18.42 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | - |
| Tobin's Q Ratio | 0.02 |
| Current P/E Ratio - LTM | 0.00 |
| Enterprise Value (EV)/EBITDA | -0.08 |
| Enterprise Value (EV)/Free Cash Flow | -9.91 |
| Dividend Yield | 13.8 |
| Price/Tangible Book Ratio - LTM | 0.17 |
| Price/Book Ratio - LTM | 0.16 |
| Price/Cash Flow Ratio | -0.7 |
| Price/Free Cash Flow Ratio - LTM | 1.0 |
| P/E Ratio (1 month ago) - LTM | 0.0 |
| P/E Ratio (26 weeks ago) - LTM | 0.0 |
| P/E Ratio (52 weeks ago) - LTM | 0.0 |
| 5-Y High P/E Ratio | 0.0 |
| 5-Y Low P/E Ratio | 0.0 |
| 5-Y Average P/E Ratio | 0.0 |
| Current P/E Ratio as % of 5-Y Average P/E | 0 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 0.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 0.0 |
| PER SHARE FIGURES |
| Tangible Book Value pS - LTM | 8.66 |
| Book Value pS - LTM | 9.00 |
| Capital Invested pS | 24.14 |
| Cash Flow pS - LTM | -2.08 |
| Free Cash Flow pS - LTM | 1.44 |
| Earnings pS (EPS) | -1.12 |
| | | | OPERATING RATIOS | | PROFITABILITY |
| Return on Equity (ROE) | -11.02 |
| Return on Equity (ROE) - 5YEAR AVRG. | 0.0 |
| Return on Capital Invested (ROCI) | -4.66 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | -0.9 |
| Return on Assets (ROA) | -1.31 |
| Return on Assets (ROA) - 5YEAR AVRG. | -0.3 |
| EBIT Margin - LTM | -1.0 |
| EBITDA Margin - LTM | -1.0 |
| Pre-Tax Profit Margin | -69.93 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | -15.77 |
| Net Profit Margin | -47.40 |
| Net Profit Margin - 5YEAR AVRG. | -10.33 |
| Effective Tax Rate | 33.49 |
| Effective Tax Rate - 5YEAR AVRG. | 32.07 |
| EFFICIENCY RATIOS |
| Revenue per Employee - LTM | 184,754 |
| Net Income per Employee - LTM | -77,924 |
| Assets/Revenue - LTM | 1,000.00 |
| Assets/Revenue - 5YEAR AVRG. | 3,443.28 |
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