| Weiss Ratings |
First Independence Bank
Detroit, MI |
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| Rating | ||||
| Asset Quality Index | 6.90 | |||
| Capitalization Index | 9.70 | |||
| Liquidity Index | 1.80 | |||
| Profitability Index | 7.90 | |||
| Stability Index | 5.00 | |||
| Company Info |
First Independence Bank
Detroit, MI |
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| FDIC Number | 20179 | |||
| Phone Number | (313) 256-8400 | |||
| Website | www.firstindependence.com | |||
| Asset Quality |
First Independence Bank
Detroit, MI |
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| 1-Year Asset Growth | 25.09% | |||
| 5-Year Asset Growth | 28.50% | |||
| 5-Year Charge-Offs to Average Loans | 0.04% | |||
| Charge-Offs to Average Loans | 2.07% | |||
| Non-Performing Assets to Assets | 0.59% | |||
| Non-Performing Loans to Capital | 3.65% | |||
| Non-Performing Loans to Loans | 0.71% | |||
| Balance Sheet |
First Independence Bank
Detroit, MI |
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| Total Assets | 875.30M | |||
| Total Deposits | 703.37M | |||
| Capital and Reserves |
First Independence Bank
Detroit, MI |
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| Capital | 82.36M | |||
| Leverage Ratio | 10.82 | |||
| Loan Loss Reserves to Loans | 1.99% | |||
| Risk-Based Capital Ratio | -- | |||
| Liquidity |
First Independence Bank
Detroit, MI |
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| Hot Money Ratio | 27.79% | |||
| Liquidity Ratio | 28.85% | |||
| Profitability |
First Independence Bank
Detroit, MI |
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| 5-Year Return on Average Assets | 0.71% | |||
| Net Income | 8.48M | |||
| Net Interest Spread | 3.51% | |||
| Operating Profit to Average Assets | 3.00% | |||
| Overhead Efficiency Ratio | 69.79% | |||
| Return on Assets | 2.45% | |||
| Return on Equity | 26.97% | |||