First Independence Bank

First Independence Bank


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

First Independence Bank is headquartered in Detroit and is the 49th largest bank in the state of Michigan. It is also the 2,350th largest bank in the nation. It was established in 1970 and as of March of 2021, it had grown to 65 employees at 3 locations. First Independence Bank has an A health rating.

Reviews (1)

Customer Service

Posted by: |

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
Employees65
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD8.33%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$323.8MM$265.4MM
LoansQ1 2021vs Q1 2020$160.6MM$159.2MM
DepositsQ1 2021vs Q1 2020$231.8MM$176.7MM
Equity CapitalQ1 2021vs Q1 2020$26.8MM$22.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$2.1MM$3.0MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$532.00K$3.2MM
Real Estate OwnedQ1 2021vs Q1 2020$0$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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