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Overview / Commentary
44 Michigan Avenue
Detroit, MI 48226

First Independence Bank is headquartered in Detroit and is the 53rd largest bank in the state of Michigan. It is also the 2,619th largest bank in the nation. It was established in 1970 and as of March of 2017, it had grown to 90 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

Health Grade Components

Overall
FDIC Certificate #20179
Year Established1970
Employees90
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.5%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$240.0MM$256.5MM
LoansQ1 2017vs Q1 2016$156.4MM$136.9MM
DepositsQ1 2017vs Q1 2016$189.5MM$208.2MM
Equity CapitalQ1 2017vs Q1 2016$18.2MM$19.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.5MM$1.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.3MM$1.4MM
Real Estate OwnedQ1 2017vs Q1 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