First Independence Bank
First Independence Bank
Overview / Commentary
First Independence Bank is headquartered in Detroit and is the 49th largest bank in the state of Michigan. It is also the 2,438th largest bank in the nation. It was established in 1970 and as of December of 2018, it had grown to 88 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
B
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20179 |
| Year Established | 1970 |
| Employees | 88 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.15% |
| Return on Equity - YTD | 14.97% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $259.7MM$286.6MM |
| Loans | Q4 2018vs Q4 2017 | $175.9MM$172.5MM |
| Deposits | Q4 2018vs Q4 2017 | $194.8MM$233.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $21.5MM$19.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.4MM$1.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $901.00K$807.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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 |