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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Michigan, the state note

First Independence Bank

Detroit, Michigan · $875M in assets · beside the 11 other Michigan banks between $300M and $1B

The filing

15.2%
CRE / loans
2nd of 12
+35.9%
Loans, year over year
2nd of 12, largest first
1.95%
ROA
3rd of 12

First Independence Bank is the third largest of the 12 Michigan banks nearest its size between $300M and $1B, with $875M in assets at 30 June 2026. Loans are 76.1% of deposits, 5th of 12 against a median of 81.3%, and equity is 9.4% of assets, 8th of 12. Loans grew +35.9% in the year, 2nd of 12, and deposits grew 33.2%; the cohort's median loan growth is +9.2%.

Noncurrent loans are 0.71% of the book, 8th of 12 against a median of 0.63%; 2.58% is 30 to 89 days past due, and the allowance covers them 2.8 times. Net charge-offs are 1.98% of loans, the highest in the cohort. Commercial real estate is 15.2% of loans, 2nd of 12 against a median of 26.1%, and 87% of capital, below the 300% screen, with construction at 16% against the 100% screen. CRE has grown +95.0% over 36 months, past the guidance's 50% prong.

Return on assets is 1.95%, 3rd of 12 against a median of 1.46%, on an efficiency ratio of 69.8%, 9th of 12. Five years ago it was 0.38%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

Commercial real estate, share of loansMI banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 26.1% FB First Bank Upper Michigan 13.0% FI First Independence Bank 15.2% EM Eastern Michigan Bank 17.5% OB Oxford Bank 22.5% WS West Shore Bank 22.6% TB Tri-county Bank 26.1% CB Commercial Bank 26.2% TB Thumb Bank & Trust 28.8% CS Citizens State Bank 31.4% RB Range Bank 34.1% HC Highpoint Community Bank 36.3% FN First National Bank of Michigan 60.4%
Loans, year over yearMI banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +9.2% CS Citizens State Bank +55.0% FI First Independence Bank +35.9% TB Thumb Bank & Trust +15.8% TB Tri-county Bank +14.3% OB Oxford Bank +13.8% WS West Shore Bank +10.1% HC Highpoint Community Bank +8.2% FN First National Bank of Michigan +6.5% RB Range Bank +4.7% FB First Bank Upper Michigan +2.9% CB Commercial Bank -4.4% EM Eastern Michigan Bank -6.7%

SBA 7(a), FY2008 to FY2026

First Independence Bank is the 207th largest 7(a) lender into Michigan of 364, with $3M across 15 loans, 0.0% of everything approved in the state (The Huntington National Bank leads with $3.53B). 4 of its 4 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Michigan, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Wayne, MI$2M82nd of 1640.1%quiet FY2020
Oakland, MI$501K147th of 1850.0%quiet FY2017
Lapeer, MI$393K28th of 430.6%quiet FY2018
Macomb, MI$304K112th of 1260.0%quiet FY2019
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing2$1M39.6%0.00%1262nd of 2,246
Health care & social assistance2$493K14.4%0.00%1468th of 2,172
Information3$373K10.9%0.01%578th of 958
Accommodation & food services2$326K9.6%0.00%2079th of 2,596
Real estate & leasing1$306K9.0%0.00%1073rd of 1,452
7(a) lenders into Michigan, share of approvals since FY2008364 lenders on record; the ten largest and First Independence Bank
TH The Huntington National Bank 28.0% $3.53B · 19,577 loans FT Fifth Third Bank 7.1% $895M · 2,010 loans LO Live Oak Banking Company 4.7% $589M · 456 loans CB Choiceone Bank 3.3% $418M · 795 loans JC JPMorgan Chase Bank, National Ass… 2.7% $338M · 2,073 loans ON Old National Bank 2.6% $330M · 438 loans BB Byline Bank 1.8% $226M · 212 loans FI First Internet Bank of Indiana 1.7% $216M · 160 loans FM First Merchants Bank 1.7% $212M · 421 loans Bo Bank of Ann Arbor 1.6% $201M · 386 loans FI First Independence Bank 0.0% $3M · 15 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers, First Independence Bank among them; owner-occupied excluded; bold marks a screen met
First Independence BankRankCohort median
Total CRE against capital, the 300% screen87%3rd of 12162%
Construction against capital, the 100% screen16%4th of 1236%
Construction and land development, share of loans2.9%3rd of 125.7%
Non-owner-occupied nonfarm nonresidential, share of loans8.1%2nd of 1214.6%
Total CRE, the guidance definition, share of loans15.2%2nd of 1226.1%
CRE growth over 36 months, the third prong+95.0%11th of 12+45.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
First National Bank of Michigan$989M1.0%58.7%0.80%0.00%1.4%102.4%9.1%
Oxford Bank$931M1.0%71.6%2.26%-0.06%1.3%92.4%12.3%
First Independence Bank$875M2.0%69.8%0.71%1.98%2.0%76.1%9.4%
West Shore Bank$834M0.8%76.6%1.24%0.00%0.9%91.6%9.4%
Thumb Bank & Trust$673M1.6%57.3%0.03%0.00%1.1%70.3%9.5%
Tri-county Bank$639M2.2%39.5%1.30%-0.02%1.1%94.3%12.8%
First Bank Upper Michigan$629M2.0%59.0%0.63%0.07%1.1%85.4%13.3%
Range Bank$604M1.5%59.2%0.03%-0.01%1.3%72.4%10.9%
Highpoint Community Bank$592M0.8%73.1%0.04%0.00%1.1%68.9%8.3%
Citizens State Bank$581M1.8%42.1%0.18%0.25%1.1%85.9%8.3%
Eastern Michigan Bank$554M1.4%62.5%0.63%-0.07%1.2%42.8%17.7%
Commercial Bank$553M1.3%63.1%0.39%0.01%0.9%77.2%10.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First Independence BankCohort median
20212026Change20212026Change
Loans$151M$535M+253%$271M$453M+67%
Deposits$241M$703M+192%$449M$543M+21%
NPA / loans0.59%0.71%+0.13 pts0.46%0.63%+0.17 pts
Efficiency90.2%69.8%-20.4 pts63.0%60.8%-2.2 pts
ROA0.38%1.95%+1.57 pts1.00%1.46%+0.46 pts

This read was prepared for First Independence Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Independence Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MI banks $300M to $1B
Institution www.firstindependence.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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