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FIRST INDEPENDENCE BANK

Detroit, MI

Latest Health Report

Latest Update: Sept. 30, 2021

Assets
$406,740,000
Deposits
$290,411,000
Loans
$158,835,000
Loan Loss Provision
$ -194,000
Profit
$3,406,000
Capital
$40,000,000
Reserves
$1,783,000
Past Due 90 Days
$ 0
Nonaccrual
$156,000
Other Real Estate Owned
$0
Capital Plus Reserves
$ 41,783,000
Total Troubled Assets
$ 156,000
Troubled Asset Ratio
0.37

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $287,416,000 $196,481,000 $161,064,000 $1,311,000 $ 27,769,000 $ 799,000 2.88
2019 $295,951,000 $209,356,000 $166,859,000 $1,558,000 $ 29,155,000 $ 3,207,000 11.00
2018 $259,692,000 $194,797,000 $175,851,000 $3,050,000 $ 26,775,000 $ 901,000 3.37
2016 $234,817,000 $185,362,000 $155,146,000 $594,000 $ 22,973,000 $ 1,372,000 5.97
2015 $216,821,000 $168,750,000 $132,307,000 $2,346,000 $ 24,454,000 $ 1,434,000 5.86