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. * * * (End)