First Independence Bank

First Independence Bank


Overview / Commentary
313-256-8400
7310 Woodward Ave Suite 101
Detroit, MI 48202

First Independence Bank is headquartered in Detroit and is the 48th largest bank in the state of Michigan. It is also the 2,320th largest bank in the nation. It was established in 1970 and as of June of 2019, it had grown to 86 employees at 3 locations. First Independence Bank has a B health rating.

Reviews (1)

Customer Service

Posted by: Anonymous | Sep 18, 2012

I got a loan from this bank and during the process they were rude, and did return calls.



Health

Health Grade Components

Overall
FDIC Certificate #20179
Year Established1970
Employees86
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD14.46%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$278.9MM$270.8MM
LoansQ2 2019vs Q2 2018$183.3MM$178.6MM
DepositsQ2 2019vs Q2 2018$206.2MM$214.4MM
Equity CapitalQ2 2019vs Q2 2018$22.8MM$20.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.5MM$1.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.9MM$673.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$95.00K
Rates

Sorry, we do not have rate data for First Independence Bank.

Locations


First Independence Bank Locations
First Independence Bank7310 Woodward Ave. Suite 101Detroit, MI 48202
7 Mile Branch7020 West Seven Mile RoadDetroit, MI 48221
Garfield Branch38880 Garfield RdClinton Township, MI 48038

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