Vitals
  • Total Assets
    234.8M 8.3 %
  • Total Deposits
    185.4M 9.8 %
  • Total Net Loans
    155.1M 17.3 %
  • Net Income
    594000.0000 -74.7 %
  • Book Value
    18.0M -5.3 %
  • Book Value x2
    36.0M -5.3 %
  • Book Value x3
    54.1M -5.3 %
ROAA

.641

ROAE

3.216

Efficiency Ratio

91.955

Net Interest Margin

4.194

Balance Sheet Highlights
Financial Highlights First Independence Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 234,817 330,697
Total Net Loans 155,146 227,599
Total Deposits 185,362 278,247
Total Equity 23,973 33,935
Profitability
Net Income 594 3,589
Return on Average Assets .641 .954
Return on Average Equity 3.216 8.772
Net Interest Margin 4.194 3.821
Efficiency Ratio 91.955 71.925
Noninterest Income/Revenue 61.586 24.061
Balance Sheet Ratios
Loan-to-Deposit 83.699 76.845
Securities/Assets .032 .16
Total Equity/Total Assets .102 .103
Tangible Equity/Tangible Assets .077 .098
Capital Adequacy
Tier 1 Common Capital 18,180 32,553
Tier 1 Capital 21,522 32,664
Tier 2 Capital 1,967 2,479
Total Capital 23,489 35,133
Total Risk Weighted Assets 168,688 242,208
Leverage Ratio 9.14 10.341
Common Equity Tier 1 Capital Ratio 10.78 15.339
Tier 1 Capital Ratio 12.76 15.393
Total Capital Ratio 13.92 16.423

Timeline for First Independence Bank

First Independence Mortgage Corporation

First Independence Mortgage Corporation became a new subsidiary organization for First Independence Bank.

View Profile Jul 01 2004

First Independence Mortgage Llc

First Independence Mortgage Llc became a new subsidiary organization for First Independence Bank.

View Profile Jun 23 2003

First Independence Corporation

First Independence Corporation became a new parent organization for First Independence Bank.

View Profile Jan 13 1986

First Independence Bank

First Independence Bank was established 53 years ago and is currently headquartered in Detroit, MI.

May 14 1970
Relationships Role Relationship Start Relationship End
First Independence Corporation Parent 1/13/1986
First Independence Mortgage Llc Subsidary 6/23/2003 12/31/2010
First Independence Mortgage Corporation Subsidary 7/1/2004 9/19/2004
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