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



March 15, 2006

  FOR IMMEDIATE RELEASE
  March 15, 2006

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



                FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
                               QUARTERLY DIVIDEND


     ALPENA,  Michigan - March 15,  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 $.05 per share for the
quarter ended March 31, 2006.  The dividend will be payable to  stockholders  of
record as of March 31, 2006 and will be paid on April 21, 2006.  The Company has
3,120,344 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)