First Independence Bank

First Independence Bank is headquartered in Detroit and is the 76^th largest bank in the state of Michigan. It is also the 3,519^st largest bank in the nation. It was established in 1970 and as of March of 2012, it had grown to 88 employees at 3 locations. First Independence Bank has a 4-star health rating.

First Independence Bank Routing Number: 072001079

Data for Q1 2012

Institution Statistics First Independence Bank FDIC Certificate # 20179 BankRate Report View Year Established 1970 Employees 88 Primary Regulator FDIC Assets and Liabilities Assets $170.82 million Loans $102.39 million Deposits $146.93 million Equity Capital $15.29 million Loan Loss Allowance $2.12 million Unbacked Noncurrent Loans $1.19 million Real Estate Owned $77,000 Historic Data - March 2011 Assets $204.72 million Equity Capital $15.64 million Loan Loss Allowance $2.37 million Unbacked Noncurrent Loans $1.58 million Real Estate Owned $203,000 Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets 0.23% Return on Equity 2.57% Interest Income $1.55 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Independence Bank had $1.26 million in non-current loans and owned real-estate with $17.42 million in equity and loan loss allowances on hand to cover it. This gives First Independence Bank a Texas Ratio of 7.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Independence Bank decreased slightly from 9.89% as of March 31, 2011 to 7.26% as of March 31, 2012, resulting in a positive change of 26.59%.This indicates that the balance sheet and financial strength for First Independence Bank has improved slightly in recent periods. Deposit Growth In the past year, First Independence Bank has decreased its total deposits by -$32.22 million, resulting in -17.98% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Independence Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Independence Bank has $170.82 million in assets with $17.42 million in equity, resulting in a capitalization level of 10.20%, which is above average.

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