First Independence Bank
First Independence Bank
Overview / Commentary
First Independence Bank is headquartered in Detroit and is the 54th largest bank in the state of Michigan. It is also the 2,714th largest bank in the nation. It was established in 1970 and as of June 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
B+
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20179 |
| Year Established | 1970 |
| Employees | 92 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 3.09% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $229.3MM$200.3MM |
| Loans | Q2 2016vs Q2 2015 | $137.8MM$126.7MM |
| Deposits | Q2 2016vs Q2 2015 | $179.8MM$157.0MM |
| Equity Capital | Q2 2016vs Q2 2015 | $18.1MM$17.1MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.5MM$1.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.6MM$1.7MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$108.00K |
Rates
Sorry, we do not have rate data for First Independence Bank.
Locations
| First Independence Bank Locations | ||
|---|---|---|
| First Independence Bank | 44 Michigan Avenue | Detroit, MI 48226 |
| 7 Mile Branch | 7020 West Seven Mile Road | Detroit, MI 48221 |
| Garfield Branch | 38880 Garfield Rd | Clinton Township, MI 48038 |