This research was conducted in June 2016 in the Office of Regional Finance and Asset Management Board of North Halmahera Regency Government, aiming at analyzing the financial performance of North Halmahera Regency Government for the last five years (2009-2014). The research finds that (1) the region’s mean financial performance is unstable, (2) several financial ratios still show positive and negative trends, (3) the regional financial independence level has not been stable since it still to some extent depends on external sources of fund, particularly from the central government, and (4) the performance of North Halmahera Regency Government has not been effective since its effectiveness and efficiency rations have not been 1 (one) or 100 percent.