First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Accounts Payable & Accrued Expense : $18.81 Mil (As of Sep. 2017)

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What is First Federal of Northern Michigan Bancorp Accounts Payable & Accrued Expense?

First Federal of Northern Michigan Bancorp's quarterly accounts payable & accrued expense increased from Mar. 2017 ($1.48 Mil) to Jun. 2017 ($1.71 Mil) and increased from Jun. 2017 ($1.71 Mil) to Sep. 2017 ($18.81 Mil).

First Federal of Northern Michigan Bancorp's annual accounts payable & accrued expense declined from Dec. 2014 ($1.71 Mil) to Dec. 2015 ($1.21 Mil) and declined from Dec. 2015 ($1.21 Mil) to Dec. 2016 ($1.11 Mil).

First Federal of Northern Michigan Bancorp Accounts Payable & Accrued Expense Historical Data

The historical data trend for First Federal of Northern Michigan Bancorp's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Federal of Northern Michigan Bancorp Accounts Payable & Accrued Expense Chart

First Federal of Northern Michigan Bancorp Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Payable & Accrued Expense

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1.51

1.29

1.71

1.21

1.11

First Federal of Northern Michigan Bancorp Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.41	1.11	1.48	1.71	18.81

First Federal of Northern Michigan Bancorp Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Federal of Northern Michigan Bancorp Inc (OTCPK:FFNM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.first-federal.com

First Federal of Northern Michigan Bancorp Inc operates as a full-service, community-oriented savings bank whose primary lending activity is the origination of one- to four-family residential real estate mortgages, commercial real estate loans, commercial loans, and consumer loans. Its primary services include accepting deposits, making a commercial, consumer and mortgage loans, and engaging in mortgage banking activities. Geographically all the operation of the group is functioned through the region of US.

Executives

Martin A Thomson

director