# FIRST INDEPENDENCE BANK
DETROIT, MI · FDIC certificate 20179 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $875.3M | |
| Deposits | $703.4M | |
| Loans and leases | $535.3M | |
| Total equity | $104.8M | |
| Loans / deposits | 74.59% (p34 of band) | 82.04% |
| Liquid assets / assets | 28.56% (p60 of band) | |
| Uninsured deposits / deposits | 40.67% (p89 of band) | 25.97% |
| Brokered deposits | 15.73% | |
| Wholesale funding | 21.74% (p95 of band) | |
| FHLB advances / assets | 0.29% | |
| Tier 1 leverage | 10.82% (p51 of band) | 10.81% |
| Unrealized securities loss / equity | -5.41% (p60 of band) | -8.10% |
| AOCI / equity | -0.73% (p32 of band) | |
| ROA (annualized) | 2.08% (p88 of band) | 1.28% |
| Net interest margin | 3.76% (p41 of band) | 3.91% |
| Efficiency ratio | 69.41% (p72 of band) | |
| Noncurrent loans | 0.71% (p63 of band) | 0.43% |
| Net charge-offs (annualized) | 1.30% (p99 of band) | |
| Reserve coverage of noncurrent | 279.33% | |
| Real estate % of loans | 47% | |
| Construction % of loans | 14.70% (p19 of band) | |
| Auto loans | $19.4M (3.63% of loans; DQ 0.11%, NCO 0.01%) | |
| Loans to nondepository financials | $39.4M (38% of equity) (p99 of band) | |
| Deposits YoY | 33.3% | |
| Employees | 125 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, charge-offs p90 |  |
| 2011-06 | 2 |  | charge-offs p90 |
| 2011-09 | 3 | charge-offs p90 |  |
| 2011-12 | 1 |  | expense ratio p90, charge-offs p90 |
| 2012-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money |
| 2012-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2012-09 | 1 | uninsured deposits leaving |  |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 1 | uninsured deposits >50% |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 2 | losing money | uninsured deposits >50% |
| 2014-03 | 4 | uninsured deposits >50%, charge-offs p90 |  |
| 2014-06 | 2 |  | capital falling, uninsured deposits >50% |
| 2014-09 | 4 | uninsured deposits >50%, reserve under noncurrent |  |
| 2014-12 | 3 |  | uninsured deposits >50% |
| 2015-03 | 3 | uninsured deposits >50%, capital falling | losing money, charge-offs p90 |
| 2015-06 | 4 | wholesale funding >15%, deposits shrinking | uninsured deposits >50% |
| 2015-09 | 1 | uninsured deposits >50% | reserve under noncurrent, capital falling, wholesale funding >15%, deposits shrinking |
| 2015-12 | 2 | wholesale funding >15% |  |
| 2016-03 | 4 | capital falling, deposits shrinking, assets shrinking | wholesale funding >15% |
| 2016-06 | 4 | wholesale funding >15%, reserve under noncurrent | deposits shrinking, assets shrinking |
| 2016-09 | 5 | run vulnerability, deposits shrinking | reserve under noncurrent |
| 2016-12 | 3 |  | wholesale funding >15%, deposits shrinking |
| 2017-03 | 7 | wholesale funding >15%, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2017-06 | 4 | loans-to-lenders >50% equity | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2017-09 | 5 | liquid assets <10% |  |
| 2017-12 | 3 | brokered >10% | run vulnerability, loans-to-lenders >50% equity, liquid assets <10% |
| 2018-03 | 2 |  | uninsured deposits >50% |
| 2018-06 | 2 | uninsured deposits >50%, run vulnerability | wholesale funding >15%, brokered >10% |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | wholesale funding >15%, deposits shrinking, assets shrinking, uninsured deposits leaving | uninsured deposits >50%, run vulnerability |
| 2019-03 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-06 | 4 | reserve under noncurrent, loans-to-lenders >50% equity, uninsured deposits leaving |  |
| 2019-09 | 4 | capital falling | reserve under noncurrent |
| 2019-12 | 4 | reserve under noncurrent | uninsured deposits leaving |
| 2020-03 | 4 | deposits shrinking | capital falling |
| 2020-06 | 5 | charge-offs p90, uninsured deposits leaving | reserve under noncurrent |
| 2020-09 | 3 |  | deposits shrinking, uninsured deposits leaving |
| 2020-12 | 4 | deposits shrinking |  |
| 2021-03 | 3 | expense ratio p90 | charge-offs p90, deposits shrinking |
| 2021-06 | 2 |  | loans-to-lenders >50% equity |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 | uninsured deposits >50% | wholesale funding >15% |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | capital falling |  |
| 2022-12 | 2 |  | capital falling |
| 2023-03 | 2 |  |  |
| 2023-06 | 4 | brokered >10%, wholesale funding >15%, capital falling | uninsured deposits >50% |
| 2023-09 | 4 |  |  |
| 2023-12 | 3 |  | expense ratio p90 |
| 2024-03 | 2 |  | capital falling |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | charge-offs p90 |  |
| 2025-06 | 2 |  | charge-offs p90 |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | charge-offs p90 |  |
| 2026-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-30 [First Independence Bank, Detroit, Michigan, Assumes All Deposits of Metropolitan Capital Bank & Trust, Chicago, Illinois - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMivAFBVV95cUxPYlVKeVV0aXRqYlJoQ0JoMzdHUm1uLUlSdXhPNnRQV2cyODFqdmhIa0F0RklqM2pBd0FCX3NOcC1HeTZuT1hYYmdXS3JRWUpONHREaTRVYURaX3RvUlFxOFlnT1YtaGZpdnhySy16aWdXczEzUXNOeXZQMU81M25DLWZhSmJZT0k4WGtCWlVyOU1HYnpmVW5VaUl0dGdJTlZKVTZsUzFVeFBwbDY2NnRzT2VabndfUVhLUkJDRQ?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-03-11 [First Independence Bank Taps Caroline Chambers to Lead New Community Investment Foundation - The Michigan Chronicle](https://news.google.com/rss/articles/CBMivgFBVV95cUxPd1l1WDJraEhjdGNiNU1GYVhBY28xTEVtRkEtSVNuTGNCVS10c1l0TXg4LVItcTZ1cXBlNzNZMG1wcm5MZnlmcW9jUWlhTFZ2RThCNFQ2UVluMU1mbF9VaEdzSmxMSXVYMmhybVlpRkV5SkVfWjZsQjJEeC14eEVrblJfcW05UzEwZHZXelFXRkdkMEctSUpFU3JDT3N2aEZzU3Z2N1Q1dEktcTlxLVhDeGdyTTVwXzYza2RaTU93?oc=5) · The Michigan Chronicle
- 2026-06-18 [Kenneth Kelly leads First Independence growth, banking sector advocacy - The Detroit News](https://news.google.com/rss/articles/CBMiiwJBVV95cUxQXzBTUnh6NjNpakU4Y3JKN2pXUVg3R3NHTTQ4SHZrbDZTZEV6Z2FOemMtRFV6dGg3SjJyckNqaExWeWlrcU1nbHZIaXZpa2wwOHFwT0JKY3Jua1RmLWZFRE5CLWktWl9yaTQzUkNkVXNFYm1MV1o0RnAzUjFhcEhSa3FYTHFMckpCTWs4dGZtVTI0clMwQ21KVFRCMUM0NDBDVC1hYXVwbDh2ODItcVgyTjVlZ0VQQUo0U3NfVjVDS1VQWlhPc3p0bXlHcXFxMU5pS1FFQkR5R0tUZWRmTC0xbWFPeVlPekVhZ1BjSEE1eFJUMlh4SGFOMnJqUWdLblRiQWpDMUdLQlFiZzQ?oc=5) · The Detroit News
- 2026-02-02 [Detroit bank acquires assets of failed Chicago bank - Crain's Detroit](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNOFRFTHFuZlFJYmlZbHFLNEEtRVBrNVFPMGFZYmZCVWZGY2dWVmhiVGRwbl9veF9EUGdFRWtHT2NDcG1zeVpodUVIR1QzZ0ctLVNLV0tObmtXTy10R20yWGdldUFhbkhzSG9tdUM0MDdTck85ZWduTW1ZYm5qN3hPRU53NV96X2tCRU44RDBKcmR2WnBMVVlWQlVxanI2V0VCVmt0ME0yejRwblc1czNfaTZYak1CWDBO?oc=5) · Crain's Detroit
- 2026-02-02 [First Bank Failure of 2026 is Largest in Almost Two Years - KBRA](https://news.google.com/rss/articles/CBMirwFBVV95cUxPZW1iOE9RUnplNm95cUtRdkpuVlZoQXFoaVZjU0pKOVZ0Ym54MTR6ZzladUFtaG5TZWZEdThiOHJzX2RnU0VhbjNRTWxtcUdHRVZVSm1DMG5obml5YlFWa25CaEJmUGNmQXlFUF9pT2xrNEItV2ZKTTVWVU94cDZlRjMxSE5HNWV5V1F5aWdwZzNzZWM2NTMybFQxQXNLY2pxdmtfTTFCOFRNTmsxN1Uw?oc=5) · KBRA
- 2026-03-19 [First Independence Bank Appoints Caroline Chambers as Director of Community Investments - DBusiness Magazine](https://news.google.com/rss/articles/CBMivgFBVV95cUxNMkRvQmUyUk9nTC1OQjdVVVBqWll0WDN6SlZpUTZ1bFNZU3U3Um5EU1hjZE1kak1NeV9xZjlDQkhqVldCNXpRLWdLR0NibnhwdjZ0Vlg5WEp5YnJLVUZKWnk5M1ZxUHJ3Y2lDMEJ0RWhPOERwbnJsalJ0ZldkVk1jNGhUNkRNby1IejFRemlIOXY3YmszU201dlZZUFdseDBkaUNqejRLZnludE5vbkJVN2xaYTU1bkNUQUNGSWVR?oc=5) · DBusiness Magazine
- 2025-10-21 [First Independence Bank Chairman and CEO Kenneth Kelly Elected as New ABA Chair - American Bankers Association (ABA)](https://news.google.com/rss/articles/CBMif0FVX3lxTE8xWk5CbkNRLUxJN2o3RWJVblJ5cVVEc0QtTllXeXowNXY1clZ4X2N6Zm9FcTMwZ0M5MUh5NjhlWDZ5TFdwVEpYMWtTYl9ITVl6WVFVWWpZMWNqVU9HNVBEMGJ3aXlVSTVXRno3eWRndzFXTXR5bjNqdU1lM3lDcFE?oc=5) · American Bankers Association (ABA)
- 2026-01-30 [Failed Bank Information for Metropolitan Capital Bank & Trust, Chicago, IL - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOczdnV21aVUQ0cE9YYkNfTll4bHlZbm8zM3dWQzdvR0psYWI1cllMNzZNN1ZrcldmLTRTaTR2aUVMaUhNQVpHdW9lTHJ3VkRLcG1JbENTQzZwWDh1Sm80WkdSN3ExQ2hpODI4bWVXRW92MlozeEhZWTdiU01UekwwaHloT1ZBNmdIUzFF?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20179 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/19.json (key "20179", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide