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Overview / Commentary
44 Michigan Avenue
Detroit, MI 48226

First Independence Bank is headquartered in Detroit and is the 56th largest bank in the state of Michigan. It is also the 2,648th largest bank in the nation. It was established in 1970 and as of September of 2016, it had grown to 92 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 Grade Components

FDIC Certificate #20179
Year Established1970
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.45%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$236.1MM$244.8MM
LoansQ3 2016vs Q3 2015$157.5MM$128.7MM
DepositsQ3 2016vs Q3 2015$186.5MM$200.8MM
Equity CapitalQ3 2016vs Q3 2015$18.0MM$17.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.5MM$1.5MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.3MM$1.5MM
Real Estate OwnedQ3 2016vs Q3 2015$0$119.00K

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First Independence Bank Locations
First Independence Bank44 Michigan AvenueDetroit, MI 48226
7 Mile Branch7020 West Seven Mile RoadDetroit, MI 48221
Garfield Branch38880 Garfield RdClinton Township, MI 48038