First Independence Bank is headquartered in Detroit and is the 48th largest bank in the state of Michigan. It is also the 2,320th largest bank in the nation. It was established in 1970 and as of June of 2019, it had grown to 86 employees at 3 locations. First Independence Bank has a B health rating.
I got a loan from this bank and during the process they were rude, and did return calls.
| Overall | |
|---|---|
| FDIC Certificate # | 20179 |
| Year Established | 1970 |
| Employees | 86 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 14.46% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $278.9MM$270.8MM |
| Loans | Q2 2019vs Q2 2018 | $183.3MM$178.6MM |
| Deposits | Q2 2019vs Q2 2018 | $206.2MM$214.4MM |
| Equity Capital | Q2 2019vs Q2 2018 | $22.8MM$20.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.5MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.9MM$673.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$95.00K |
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| 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 |