EXHIBIT 99

        PRESS RELEASE OF FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.


                First Federal of Northern Michigan Bancorp, Inc.
                               100 S. Second Ave.
                                Alpena, MI 49707
                                 (989) 356-9041

December 12, 2006

  FOR IMMEDIATE RELEASE
  Contact: Martin A. Thomson, Chief Executive Officer
  First Federal of Northern Michigan Bancorp, Inc.
  Tel (989) 356-9041



                FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
                          ANNOUNCES QUARTERLY DIVIDEND


     ALPENA,  Michigan - December 12, 2006 - First Federal of Northern  Michigan
Bancorp, Inc. (the "Company") (NASDAQ: FFNM) announced the approval by its Board
of Directors  of a cash  dividend on its common stock of $0.05 per share for the
quarter ended December 31, 2006. The dividend will be payable to stockholders of
record as of December 31, 2006 and will be paid on January 19, 2007. The Company
has 3,034,999 shares of common stock outstanding.

     The  Company  is the  unitary  savings  and loan  holding  company of First
Federal of Northern  Michigan,  a federal savings bank  headquartered in Alpena,
Michigan.

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