| Weiss Ratings |
First Independence Bank
Detroit, MI |
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| Rating | ||||
| Asset Quality Index | 6.80 | |||
| Capitalization Index | 9.10 | |||
| Liquidity Index | 2.40 | |||
| Profitability Index | 5.50 | |||
| Stability Index | 5.20 | |||
| 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 | 5.23% | |||
| 5-Year Asset Growth | 23.53% | |||
| 5-Year Charge-Offs to Average Loans | 0.27% | |||
| Charge-Offs to Average Loans | 0.09% | |||
| Non-Performing Assets to Assets | 0.22% | |||
| Non-Performing Loans to Capital | 1.97% | |||
| Non-Performing Loans to Loans | 0.39% | |||
| Balance Sheet |
First Independence Bank
Detroit, MI |
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| Total Assets | 699.59M | |||
| Total Deposits | 530.49M | |||
| Capital and Reserves |
First Independence Bank
Detroit, MI |
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| Capital | 62.17M | |||
| Leverage Ratio | 10.39 | |||
| Loan Loss Reserves to Loans | 1.40% | |||
| Risk-Based Capital Ratio | -- | |||
| Liquidity |
First Independence Bank
Detroit, MI |
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| Hot Money Ratio | 25.86% | |||
| Liquidity Ratio | 27.00% | |||
| Profitability |
First Independence Bank
Detroit, MI |
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| 5-Year Return on Average Assets | 0.63% | |||
| Net Income | 4.50M | |||
| Net Interest Spread | 3.02% | |||
| Operating Profit to Average Assets | 1.49% | |||
| Overhead Efficiency Ratio | 81.26% | |||
| Return on Assets | 1.25% | |||
| Return on Equity | 14.85% | |||