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

First Independence Bank is headquartered in Detroit and is the 56th largest bank in the state of Michigan. It is also the 2,602nd largest bank in the nation. It was established in 1970 and as of September of 2017, it had grown to 89 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+

Health Grade Components

Overall
FDIC Certificate #20179
Year Established1970
Employees89
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.63%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$240.5MM$236.1MM
LoansQ3 2017vs Q3 2016$182.4MM$157.5MM
DepositsQ3 2017vs Q3 2016$188.4MM$186.5MM
Equity CapitalQ3 2017vs Q3 2016$18.8MM$18.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.5MM$1.5MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$845.00K$1.3MM
Real Estate OwnedQ3 2017vs Q3 2016$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