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 First Independence Bank
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First Independence Bank
| RSSD ID 254849 | CERTIFICATE 20179 | ABA NUMBER 72001079 |
| 7310 Woodward Ave |
Quarter Ended : |
2026-03-31 |
| Detroit, Michigan, 48202 |
Updated : |
2026-04-30 |
| www.firstindependence.com |
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| Institution Profile |
| Year Opened : |
1970 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
5 |
Number of Employees : |
133 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 875,011 |
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Total Interest Income | 9,922 |
| Total Liabilities | 772,076 |
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Total NonInterest Income | 18,080 |
| Total Bank Equity Capital | 81,453 |
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Total Interest Expense | 3,633 |
| Total Deposits | 684,233 |
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Total NonInterest Expense | 14,253 |
| Net Loans & Leases | 535,477 |
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Net Income | 7,202 |
| Loan Loss Allowance | 14,736 |
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Net Charge Offs | 985 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 479,858 |
| Total assets for the leverage ratio | 831,882 |
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Loans secured by real estate: | 242,241 |
| Tier 1 Leverage Ratio | 11.1 |
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Commercial and industrial loans | 192,894 |
| Off Balance Sheet Exposures (%) | 10.73 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 44,723 |
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:· First Independence Bank
