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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 2,714th 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 Grade Components

FDIC Certificate #20179
Year Established1970
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.09%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$229.3MM$200.3MM
LoansQ2 2016vs Q2 2015$137.8MM$126.7MM
DepositsQ2 2016vs Q2 2015$179.8MM$157.0MM
Equity CapitalQ2 2016vs Q2 2015$18.1MM$17.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.5MM$1.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.6MM$1.7MM
Real Estate OwnedQ2 2016vs Q2 2015$0$108.00K

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First Independence Bank Locations
First Independence Bank44 Michigan AvenueDetroit, MI 48226
7 Mile Branch7020 West Seven Mile RoadDetroit, MI 48221
Garfield Branch38880 Garfield RdClinton Township, MI 48038