8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): May 17, 2006

                First Federal of Northern Michigan Bancorp, Inc.
             (Exact name of registrant as specified in its charter)

        Maryland                       0-31957                  38-0135202
- ----------------------------     -----------------------     -----------------
(State or other jurisdiction      (Commission File No.)       (IRS Employer
    of incorporation)                                        Identification No.)



100 S. Second Ave., Alpena, Michigan                                 49707
- ------------------------------------                         ------------------
(Address of principal executive offices)                          (Zip Code)


Registrant's telephone number, including area code:  (989) 356-9041


                                 Not Applicable
         -------------------------------------------------------------
         (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CRF 240.13e-4(c))





Item 8.01.  Other Events.

     On May 17,  2006,  the Board of  Directors  of First  Federal  of  Northern
Michigan  Bancorp,  Inc. (the "Company")  announced the authorization of a stock
repurchase  program pursuant to which the Company intends to repurchase up to 5%
of its issued and outstanding shares, or up to approximately 156,000 shares.

     A copy of the press release dated May 17, 2006,  giving details  associated
with the stock repurchase program is attached as Exhibit 99 to this report.

Item 9.01.  Financial Statements and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

(c) Exhibits.

           Exhibit No.                   Description
           -----------                   -----------
               99                        Press release dated May 17, 2006






     SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                             FIRST FEDERAL OF NORTHERN MICHIGAN
                                             BANCORP, INC.


DATE:  May 18, 2006                         By: /s/ Amy E. Essex
                                                -------------------------------
                                                Amy E. Essex
                                                Chief Financial Officer

EX-99

                                   EXHIBIT 99

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

FOR IMMEDIATE RELEASE
May 17, 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.
                       ANNOUNCES STOCK REPURCHASE PROGRAM


ALPENA,  MICHIGAN - May 17, 2006;  First Federal of Northern  Michigan  Bancorp,
Inc. (Nasdaq: FFNM) announced today that its Board of Directors has authorized a
stock repurchase  program pursuant to which the Company intends to repurchase up
to 5% of its issued  and  outstanding  shares,  or up to  approximately  156,000
shares. The timing of the repurchases will depend on certain factors,  including
but not limited  to,  market  conditions  and prices,  the  Company's  liquidity
requirements and alternative uses of capital.  The stock repurchase  program may
be carried out through  open-market  purchases,  block trades, and in negotiated
private  transactions from time to time. Any repurchased  shares will be held as
treasury stock and will be available for general corporate  purposes,  including
the  funding  of the  Company's  stock-based  incentive  plan,  if  approved  by
stockholders  at the Company's  2006 Annual Meeting of  Stockholders  on May 17,
2006.

Martin A. Thomson, Chief Executive Officer of the Company, said, "We are pleased
to announce the repurchase program. We believe our common stock is an attractive
value at current  trading  prices and we believe the  deployment  of some of the
Company's capital into this investment is warranted."

First  Federal of Northern  Michigan  Bancorp,  Inc.,  headquartered  in Alpena,
Michigan,  is the parent of First  Federal of  Northern  Michigan,  a  federally
chartered  stock  savings  bank.  As of March 31,  2006,  the Company had $287.4
million in assets and  approximately  $185.6 million in deposits.  The Company's
common  stock  trades on the  Nasdaq  National  Market  under the  symbol  FFNM.
Investor    information    is    available   on   the    Company's    web   site
www.first-federal.com.

This news release contains certain forward-looking statements, which are subject
to risks and  uncertainties.  A number of factors could cause actual conditions,
events  or  results  to  differ   significantly  from  those  described  in  the
forward-looking  statements,  including general economic conditions,  changes in
interest  rates,  regulatory  considerations,  and  competition.  The  Company's
reports  filed from time to time with the  Securities  and Exchange  Commission,
including  the  Company's  Form  10-KSB for the year ended  December  31,  2005,
describe some of these factors.  Forward-looking statements speak only as of the
date they are made and the




Company  does not  undertake  to update  forward-looking  statements  to reflect
circumstances  or  events  that  occur  after  the  date of the  forward-looking
statements or to reflect the occurrence of unanticipated events.



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