| Balance Sheet for First Federal of Northern Michigan Bancorp Inc. (FFNM) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Due from Banks | 3,568 | 4,160 | 4,498 | 4,686 | 3,380 | | Fed. Funds Sold/Securities Purchased | 5,970 | 4,197 | 4,765 | 4,666 | 4,460 | | Interest-Bearing Dep at Other Banks | - | 833 | 282 | 53 | 3,326 | | Investment Securities, Net | 23,451 | 44,850 | 55,187 | 42,033 | 34,670 | | Net Loans | 201,333 | 209,590 | 201,183 | 196,484 | 164,391 | | Premise and Equipment | 7,619 | 8,075 | 7,392 | 6,794 | 5,817 | | Due from Customers Acceptance | - | - | - | - | - | | Trading Account Securities | - | - | - | - | - | | Other Receivables | - | - | - | - | - | | Accrued Interest | 1,700 | 2,139 | 1,602 | 1,035 | 1,066 | | Deferred Acquisition Cost | - | - | - | - | - | | Accrued Investment Income | - | - | - | - | - | | Separate Account Business | - | - | - | - | - | | Time Deposit Placed | - | - | - | - | - | | Intangible Assets | 3,491 | 3,986 | 4,438 | 3,905 | 3,851 | | Other Assets | 3,699 | 3,129 | 3,428 | 3,144 | 2,962 | | Total Assets | 250,831 | 280,959 | 282,775 | 262,800 | 223,923 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Non-Interest Bearing Deposits | 10,186 | 10,029 | 10,878 | 10,929 | 7,281 | | Interesting Bearing Deposits | 154,284 | 167,029 | 177,857 | 171,560 | 144,421 | | Short Term Debt | - | - | 18,925 | 22,361 | 8,052 | | Other Liabilities | 1,174 | 2,406 | 2,988 | 2,533 | 3,111 | | Bankers Acceptance Outstanding | - | - | - | - | - | | Fed. Funds Purchased/Securities Sold | - | - | - | - | - | | Accrued Taxes | - | - | - | - | - | | Accrued Interest Payables | - | - | - | - | - | | Other Payables | - | - | - | - | - | | Capital Lease Obligations | - | - | - | - | - | | Claims and Claim Expense | - | - | - | - | - | | Future Policy Benefits | - | - | - | - | - | | Unearned Premiums | - | - | - | - | - | | Policy Holder Funds | - | - | - | - | - | | Participating Policyholder Equity | - | - | - | - | - | | Separate Accounts Business | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Long Term Debt | 52,684 | 66,042 | 35,478 | 33,640 | 39,107 | | Total Liabilities | 218,328 | 245,506 | 246,126 | 241,023 | 201,972 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 32,503 | 35,453 | 36,649 | 21,777 | 21,951 | | Total Equities | 32,503 | 35,453 | 36,649 | 21,777 | 21,951 | | | Total Common Shares Outstanding | 2,884 | 3,035 | 3,115 | 1,659 | 1,657 | | Total Preferred shares Outstanding | - | - | - | - | - | | | |
