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Overview / Commentary
44 Michigan Avenue
Detroit, MI 48226

First Independence Bank is headquartered in Detroit and is the 54th largest bank in the state of Michigan. It is also the 2,671st largest bank in the nation. It was established in 1970 and as of December of 2016, it had grown to 91 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 - YTD0.25%
Return on Equity - YTD3.22%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$234.8MM$216.8MM
LoansQ4 2016vs Q4 2015$155.1MM$132.3MM
DepositsQ4 2016vs Q4 2015$185.4MM$168.8MM
Equity CapitalQ4 2016vs Q4 2015$18.0MM$19.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.5MM$1.7MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.4MM$1.4MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0

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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