Level One Bank in Farmington Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Level One Bank in Farmington Hills, Michigan (MI)
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Level One Bank - Overview

  • General
  • FDIC Certificate #: 58604
    Status: Active
    Federal Reserve ID: 3612525
    Bank Holding Company (Regulatory Top Holder): Level One Bancorp, Inc. (RSSDID: 3612543, Location: Farmington Hills, MI)
    Date Established: October 05, 2007
    WWW: http://www.levelonebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 458102
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 05, 2007
    Last Structure Change Effective Date: December 10, 2010
    Last Structure Change Process Date: December 13, 2010
    Last Data Update: December 13, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 30201 Orchard Lake Road, Farmington Hills, MI 48334
    County: Oakland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $463.0 mil
    Equity capital: $58.2 mil
    Deposits held in domestic offices: $380.7 mil
    Return on assets (ROA): 1.26% ($5.8 mil)
    Quarterly return on assets: 0.40% ($1.9 mil)
    Return on Equity (ROE): 10.86% ($6.3 mil)
    Quarterly return on equity: 3.15% ($1.8 mil)
    Net income: $5.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.91% ($8,843.9 mil)
    Quarterly Pretax return on assets: 0.60% ($2,778.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 96Total employees (full-time equivalent)
  • $463,033Total assets
  • $35,858Cash and due from depository institutions
  • $31,576Interest-bearing balances
  • $48,314Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $321,261Net loans & leases
  • $3,896Loan loss allowance
  • $0Trading account assets
  • $4,326Bank premises and fixed assets
  • $1,303Other real estate owned
  • $932Goodwill and other intangibles
  • $463,033Life insurance assets
  • $51,039All other assets
  • $404,879Total liabilities and capital
  • $380,721Total liabilities
  • $314,821Total deposits
  • $380,721Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 4348.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,092Trading liabilities
  • $0Other borrowed funds
  • $4,718Subordinated debt
  • $58,154All other liabilities
  • $58,154Total equity capital
  • $58,154Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $51,099Surplus
  • $6,055Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,771Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,328Income earned, not collected on loans
  • $0Earning assets
  • $2,304Long-term assets (5+ years)
  • $401,151Average Assets, year-to-date
  • $96,042Average Assets, quarterly
  • $444,828Volatile liabilities
  • $460,861Insider loans
  • $259,247FHLB advances
  • $458,970Loans and leases held for sale
  • $3,106Unused loan commitments
  • $1,552Tier 1 (core) risk-based capital
  • $57,267Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,554Total unused commitments
  • $27,427Restructured Loans and leases
  • $7,827Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,742Total interest income
  • $3,509Total interest expense
  • $22,233Net interest income
  • $5,227Provision for loan and lease losses
  • $4,022Total noninterest income
  • $0Fiduciary activities
  • $358Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,664Additional noninterest income
  • $12,843Total noninterest expense
  • $6,440Salaries and employee benefits
  • $1,207Premises and equipment expense
  • $5,196Additional noninterest expense
  • $8,185Pre-tax net operating income
  • $297Securities gains (losses)
  • $2,884Applicable income taxes
  • $5,598Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,598Net income attributable to bank
  • $0Net charge-offs
  • $5,598Cash dividends
  • $3,321Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.84%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 5.91%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 10.86%Return on equity (ROE)
  • 10.86%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 157.39%Credit loss provision to net charge-offs
  • 4.04%Efficiency ratio
  • 48,330Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 20.16%Noncurrent assets plus other real estate owned to assets
  • 4.46%Noncurrent loans to loans
  • 5.94%Net loans and leases to deposits
  • 84.38%Net loans and leases to core deposits
  • 96.52%Equity capital to assets
  • 12.56%Core capital (leverage) ratio
  • 12.48%Tier 1 risk-based capital ratio
  • 22.09%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $444,828Average earning assets
  • $51,549Average equity
  • $376,374Average loans

List of branches

  • 6 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0458102Level One Bank30201 Orchard Lake Road, Farmington Hills, MI 48334October 05, 2007Full Service Brick and Mortar
    561125Farmington Hills Ii Branch31000 Northwestern Highway, Farmington Hills, MI 48334Febuary 12, 1998Full Service Brick and Mortar
    6290774Birmingham Branch1732 West Maple Road, Birmingham, MI 48009June 01, 1998Full Service Brick and Mortar
    7453082Clinton Twp Branch39600 Garfield Rd., Clinton Township, MI 48038September 01, 2005Full Service Brick and Mortar
    8465873Ferndale Branch22635 Woodward Ave., Ferndale, MI 48220July 31, 2006Full Service Brick and Mortar
    9519708Northville Branch20550 Haggerty Road, Northville, MI 48167May 02, 2011Full Service Brick and Mortar

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