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FIRST INDEPENDENCE BANK

Detroit, MI

Latest Health Report

Latest Update: March 31, 2022

Assets
$396,316,000
Deposits
$291,792,000
Loans
$195,793,000
Loan Loss Provision
$ 250,000
Profit
$269,000
Capital
$45,052,000
Reserves
$2,292,000
Past Due 90 Days
$ 730,000
Nonaccrual
$402,000
Other Real Estate Owned
$0
Capital Plus Reserves
$ 47,344,000
Total Troubled Assets
$ 1,132,000
Troubled Asset Ratio
2.39

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
2021 $412,314,000 $301,204,000 $186,258,000 $4,230,000 $ 46,791,000 $ 531,000 1.13
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