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

First Independence Bank is headquartered in Detroit and is the 46th largest bank in the state of Michigan. It is also the 2,359th largest bank in the nation. It was established in 1970 and as of June of 2018, it had grown to 88 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

Health Grade Components

Overall
FDIC Certificate #20179
Year Established1970
Employees88
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD15.07%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$270.8MM$228.1MM
LoansQ2 2018vs Q2 2017$178.6MM$166.9MM
DepositsQ2 2018vs Q2 2017$214.4MM$178.1MM
Equity CapitalQ2 2018vs Q2 2017$20.4MM$18.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.4MM$1.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$673.00K$622.00K
Real Estate OwnedQ2 2018vs Q2 2017$95.00K$0
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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