First Independence Bank: Financial Reports & UBPR Data
BankRegReports is independent of First Independence Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Independence Bank spends more to run itself than most banks of its size. The Detroit, Michigan bank had $875 million in assets at June 30, 2026, up 25.1% from a year earlier. It spends about 84 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also grew its loan book 35.9% over the year, 6.6 times the median of 5.5% for banks its size.
The commercial and industrial book ($185 million) is worsening: 2.85% of it is past due or on nonaccrual, up from 0.35% a year earlier. Net income for the quarter slipped 27% from a year earlier, to $1.3 million. Profitability lags: it earns about $0.59 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, First Independence Bank reported a return on assets of 0.59%, a nonperforming-loan ratio of 0.71% and a Texas ratio of 5.64%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 7310 Woodward Ave, Detroit, MI 48202
- County
- Wayne
- Metro Area
- Detroit-Warren-Dearborn, MI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 14, 1970
- Offices
- 5 domestic
- Employees (FTE)
- 125
- Domestic deposits
- $703.4M
- Allowance for credit losses
- $10.7M
- Net charge-offs (YTD)
- $5.3M
- Average total assets
- $868.7M
- Average total loans
- $522.8M
- Average interest-bearing deposits
- $532.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 14, 1970
- FDIC Cert
- 20179
- Fed RSSD
- 254849
- SEC CIK
- 745140 → filed by FIRST INDEPENDENCE CORPORATION
- Website
- www.firstindependence.com →
- Parent Holding Company
- FIRST INDEPENDENCE CORPORATION (RSSD 1134564)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Independence Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Independence Bank, freeFirst Independence Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.82% | 0.59% | 0.71% | 5.64% | 3.55% |
| Q1 2026 | 11.10% | 3.46% | 1.02% | 7.38% | 3.46% |
| Q4 2025 | 10.39% | 0.74% | 0.24% | 1.47% | 2.99% |
| Q3 2025 | 10.39% | 0.88% | 0.39% | 2.29% | 2.93% |
| Q2 2025 | 10.15% | 1.00% | 0.56% | 3.39% | 3.14% |
| Q1 2025 | 10.15% | 0.70% | 0.61% | 3.62% | 3.00% |
| Q4 2024 | 9.96% | 0.86% | 0.39% | 4.34% | 3.02% |
| Q3 2024 | 10.35% | 1.15% | 0.28% | 1.82% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 5 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Independence Bank (main office) | Detroit , MI | 48202 | $483.8M |
| Metropolitan Capital Bank & Trust Branch | Chicago , IL | 60611 | $131.4M |
| Lake Street Branch | Minneapolis , MN | 55407 | $40.8M |
| 7 Mile Branch | Detroit , MI | 48221 | $26.8M |
| University Branch | Minneapolis , MN | 55414 | $20.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 31, 2026 | Structure Change | Acquired Metropolitan Capital Bank & Trust Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 30, 2026 | Merger | Participated in FDIC Assisted Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for First Independence Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 2 against the institution (OCC)
- October 7, 1992, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Independence National Bank Of Detroit
- April 24, 1991, OCC: Formal Agreement: First Independence National Bank
- Period: Most recent institution action October 7, 1992. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in MI, rank 42 of 98 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 157 applications, 91 loans originated, $38.5M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $250K approved, $125K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
Add this badge to your website
Free to use. The badge always shows First Independence Bank’s most recent filed regulatory figures. It updates automatically each quarter, so it never goes stale.
Similar banks
Compare First Independence Bank with peers
Side-by-side comparison of capital, profitability, asset quality, and balance sheet. Pick a peer to view the full head-to-head.
Frequently asked about First Independence Bank
What are First Independence Bank's total assets?
As of the Q2 2026 filing, First Independence Bank reported total assets of $875.3 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Independence Bank headquartered?
First Independence Bank is headquartered in Detroit, MI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Independence Bank founded?
First Independence Bank was established in 1970, per the FDIC institution directory.
Is First Independence Bank FDIC-insured?
Yes. First Independence Bank is an FDIC-insured commercial bank (FDIC Certificate #20179). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Independence Bank?
First Independence Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does First Independence Bank operate?
First Independence Bank operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Independence Bank's Texas Ratio?
First Independence Bank's Texas Ratio is 5.64% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
Go deeper on First Independence Bank.
Unlock the full terminal: 26 years of quarterly trends, peer benchmarking, watch flags, and Excel tearsheets for this bank and every other US institution.
Unlock First Independence Bank, freeFree account