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.
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 | 65 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 8.33% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $323.8MM$265.4MM |
| Loans | Q1 2021vs Q1 2020 | $160.6MM$159.2MM |
| Deposits | Q1 2021vs Q1 2020 | $231.8MM$176.7MM |
| Equity Capital | Q1 2021vs Q1 2020 | $26.8MM$22.6MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $2.1MM$3.0MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $532.00K$3.2MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |
Sorry, we do not have rate data for First Independence Bank.
| 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 |