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First Independence Bank
Detroit, MI · FDIC Certificate #20179 · Chartered 05/1
Total assets
$875.30M
Total deposits
$703.37M
Total equity
$104.76M
Net loans
$524.68M
Branches (offices)
5
Net income (YTD)
$8.48M
Rank: #1,164 of 4,213 U.S. banks by assets · #21 of 72 in Michigan. Assets changed 25.1% and deposits 33.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.08% |
| Return on equity | 22.33% |
| Net interest margin (YTD) | 3.76% |
| Equity to assets | 11.97% |
| Tier 1 leverage ratio | 10.82% |
| Uninsured deposits (share of deposits) | 40.7% |
| Noncurrent loans (share of loans) | 0.71% |
| Net charge-offs (share of loans) | 2.11% |
| Loans to deposits | 74.6% |
| Real estate loans (share of loans) | 48.4% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $254.14M | 48.4% | |
| Commercial & industrial | $184.70M | 35.2% | |
| Consumer / individual | $46.85M | 8.9% | |
| Construction & development | $15.40M | 2.9% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $457.75M | $350.27M | $393.00K | $47.65M |
| Jun 2023 | $581.35M | $461.42M | $309.00K | $56.24M |
| Jun 2024 | $609.13M | $471.36M | $2.62M | $67.63M |
| Jun 2025 | $699.72M | $527.86M | $2.96M | $79.05M |
| Jun 2026 | $875.30M | $703.37M | $8.48M | $104.76M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $510.66M | 2 |
| Illinois | $131.37M | 1 |
| Minnesota | $61.34M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $703.37M.
Similar-sized banks
Points West Community Bank ($877.59M) · Farmers And Merchants Bank ($874.47M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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