First Independence Bank

First Independence Bank
7310 Woodward Ave
Detroit, MI 48202

Status: Active
Concentration:Commercial Lending Specialization
Established:05/14/1970
FDIC Insurance:05/14/1970
FDIC Cert:#20179
Holden By:FIRST INDEPENDENCE CORP
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:4, ranked #2119
Website:www.firstindependence.com
Total Assets:$699,717,000, ranked #1386
Total Deposits:$527,863,000, ranked #1525
Total Equity Capital:$59,797,000, ranked #1270
Total Domestic Deposits:$527,863,000, ranked #1524
Net Income:$2,955,000, ranked #1645
Quarterly Net Income:$1,756,000, ranked #1534
Return on Assets:1%, ranked #1111
Quarterly Return on Assets:1%, ranked #1237
Return on Equity:10%, ranked #2243
Quarterly Return on Equity:12%, ranked #1835

Financial Information (2025-06-30 and Older)