First Independence Bank
First Independence Bank
Overview / Commentary
First Independence Bank is headquartered in Detroit and is the 45th largest bank in the state of Michigan. It is also the 2,292nd largest bank in the nation. It was established in 1970 and as of December of 2017, it had grown to 91 employees at 3 locations. First Independence Bank has an A 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
A
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20179 |
| Year Established | 1970 |
| Employees | 91 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 7.27% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $286.6MM$234.8MM |
| Loans | Q4 2017vs Q4 2016 | $172.5MM$155.1MM |
| Deposits | Q4 2017vs Q4 2016 | $233.9MM$185.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $18.9MM$18.0MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $1.4MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $807.00K$1.4MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Rates
Sorry, we do not have rate data for First Independence Bank.
Locations
| First Independence Bank Locations | ||
|---|---|---|
| First Independence Bank | 7310 Woodward Ave. Suite 101 | Detroit, MI 48202 |
| 7 Mile Branch | 7020 West Seven Mile Road | Detroit, MI 48221 |
| Garfield Branch | 38880 Garfield Rd | Clinton Township, MI 48038 |