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 First Independence Bank
First Independence Bank
| RSSD ID 254849 | CERTIFICATE 20179 | ABA NUMBER 72001079 |
| 7310 Woodward Ave |
Quarter Ended : |
2025-09-30 |
| Detroit, Michigan, 48202 |
Updated : |
2025-10-27 |
| 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 : |
4 |
Number of Employees : |
89 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 699,585 |
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Total Interest Income | 22,822 |
| Total Liabilities | 617,527 |
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Total NonInterest Income | 31,274 |
| Total Bank Equity Capital | 62,167 |
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Total Interest Expense | 9,515 |
| Total Deposits | 530,488 |
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Total NonInterest Expense | 36,228 |
| Net Loans & Leases | 388,521 |
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Net Income | 4,497 |
| Loan Loss Allowance | 5,535 |
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Net Charge Offs | 259 |
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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 | 383,670 |
| Total assets for the leverage ratio | 704,212 |
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Loans secured by real estate: | 226,498 |
| Tier 1 Leverage Ratio | 10.39 |
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Commercial and industrial loans | 113,039 |
| Off Balance Sheet Exposures (%) | 12.22 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 44,133 |
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:· First Independence Bank
