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First Independence Bank, Financial Information

About First Independence Bank

 Address:
7310 Woodward Ave. Suite 101
Detroit, MI
Wayne County, Michigan
 Established:
May 1970
 Number of domestic offices:
3
Total assets$287M
Net income$1M
Net income, quarterly$1M
Total deposits$196M
Domestic deposits$196M
Equity capital$23M
ROA0.46%
ROAQ, quarterly1.01%
ROA, pretax1.01%
ROAQ, quarterly, pretax1.27%
ROE5.75%
ROEQ, quarterly12.66%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Historical Data