First Independence Bank

BankDetroit, Michigan
www.firstindependence.com

Total Assets

$696.9M

Total Deposits

$532.6M

Branches

4

Established

1970

TFS Health Grade

$
D

66.5 / 100

Below average financial health

How we grade

First Independence Bank is a bank headquartered in Detroit, Michigan, established in 1970. With $696.9M in total assets and 4 branch locations, it has a TFS Financial Health Grade of D (66.5/100).

Capital & Safety

Tier 1 Capital Ratio
10.39%(8%)
Total Capital Ratio
0.00%(10%)
Non-Performing Loan Ratio
0.24%

Profitability

Return on Assets (ROA)
0.85%(1%)
Return on Equity (ROE)
9.77%(10%)
Net Interest Margin
3.18%
Efficiency Ratio
81.21%(60%)

Lending & Liquidity

Total Loans
$421.3M
Loan-to-Deposit Ratio
78.00%
Net Charge-Off Ratio
0.06%

Growth

Asset Growth (YoY)
+8.20%
Deposit Growth (YoY)
+8.29%
Net Income
$5.8M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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