Level One Bank Mortgage Rates, Fees & Info

Farmington Hills, MI

LEI: 549300B3O78O3WRVJJ49

Tax ID: 32-0256611

5 stars - out of 5 stars, based on 47 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Level One Bank is a smaller bank specializing in Home Purchase and Refi loans. Level One Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Detroit, Ann Arbor, Flint, Grand Rapids, and Lansing among others. We have data for 98 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Level One Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Level One Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.87% 12/4/22
    30 Year Conventional Refi 6.82% 12/4/22
    30 Year Cash-out Refi 7.06% 12/4/22
    30 Year FHA Purchase 7.66% 12/4/22
    30 Year FHA Refi 7.71% 12/4/22
    30 Year USDA Purchase 6.58% 12/4/22
    15 Year Conventional Purchase 6.11% 12/4/22
    15 Year Conventional Refi 6.12% 12/4/22
    15 Year Cash-out Refi 6.12% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,212

    Origination Dollar Volume (All Markets)

    $707,360,000

    Employee count

    301

    Awards

    Level One Bank 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Level One Bank's average 30 year fixed mortgage rate was 3.16%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.01%.

    Relative Fees (Closing Costs)

    Level One Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,387.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1,316 $421,400,000 $320,213 $3,273 3.04%
    ANN ARBOR, MI (FHA|USDA|VA) 386 $132,800,000 $344,041 $3,450 3.01%
    FLINT, MI (FHA|USDA|VA) 61 $22,225,000 $364,344 $3,506 3.15%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 68 $21,430,000 $315,147 $2,982 3.13%
    Outside of Metro Areas 43 $14,665,000 $341,047 $3,736 3.07%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 27 $12,585,000 $466,111 $3,191 3.08%
    JACKSON, MI (FHA|USDA|VA) 62 $11,340,000 $182,903 $3,224 2.93%
    MONROE, MI (FHA|USDA|VA) 29 $5,945,000 $205,000 $2,981 3.19%
    Traverse City, MI (FHA|USDA|VA) 9 $4,005,000 $445,000 $3,516 3.06%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $3,470,000 $433,750 $5,128 2.89%
    Adrian, MI (FHA|USDA|VA) 15 $3,175,000 $211,667 $3,674 3.33%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $2,845,000 $316,111 $4,251 3.01%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,800,000 $466,667 $4,718 2.88%
    BATTLE CREEK, MI (FHA|USDA|VA) 5 $2,555,000 $511,000 $3,410 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,535,000 $362,143 $3,285 2.89%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,750,000 $437,500 $3,055 3.22%
    Holland, MI (FHA|USDA|VA) 8 $1,710,000 $213,750 $3,316 3.14%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,450,000 $362,500 $3,964 3.22%
    Hillsdale, MI (FHA|USDA|VA) 6 $1,330,000 $221,667 $2,894 3.29%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,670 2.88%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,235,000 $411,667 $4,156 3.04%
    COLUMBUS, OH (FHA|USDA|VA) 3 $1,235,000 $411,667 $4,665 2.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,852 3.25%
    SAGINAW, MI (FHA|USDA|VA) 4 $1,160,000 $290,000 $2,875 3.03%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,155,000 $231,000 $3,646 3.15%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,344 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $4,068 2.88%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 6 $1,110,000 $185,000 $3,109 3.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,882 2.94%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,050,000 $262,500 $4,446 3.22%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $930,000 $116,250 $2,482 3.03%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $890,000 $445,000 $5,684 3.06%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $885,000 $295,000 $2,431 3.04%
    TUCSON, AZ (FHA|USDA|VA) 3 $825,000 $275,000 $4,501 3.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $765,000 $255,000 $3,822 3.04%
    BOULDER, CO (FHA|USDA|VA) 2 $760,000 $380,000 $3,017 3.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $735,000 $735,000 $3,074 3.13%
    MUSKEGON, MI (FHA|USDA|VA) 3 $735,000 $245,000 $2,466 2.79%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $655,000 $655,000 $5,695 3.38%
    NILES, MI (FHA|USDA|VA) 2 $640,000 $320,000 $3,609 3.06%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $610,000 $305,000 $3,253 2.88%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $600,000 $300,000 $3,351 3.56%
    Cadillac, MI (FHA|USDA|VA) 3 $565,000 $188,333 $2,842 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $545,000 $545,000 $3,731 2.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,710 3.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $545,000 $545,000 $2,938 2.63%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $545,000 $545,000 $4,555 3.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $495,000 $495,000 $4,073 2.88%
    BOISE CITY, ID (FHA|USDA|VA) 1 $485,000 $485,000 $5,080 3.00%
    Heber, UT (FHA|USDA|VA) 1 $475,000 $475,000 $3,961 3.25%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $465,000 $465,000 $2,986 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $450,000 $225,000 $4,938 3.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $3,733 2.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $395,000 $395,000 $5,036 2.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $395,000 $395,000 $3,153 2.38%
    MADISON, WI (FHA|USDA|VA) 1 $375,000 $375,000 $2,385 2.75%
    TOLEDO, OH (FHA|USDA|VA) 3 $375,000 $125,000 $3,750 3.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $370,000 $185,000 $3,210 3.31%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $365,000 $365,000 $3,677 3.13%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $355,000 $355,000 $4,949 2.50%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $345,000 $345,000 $2,912 3.13%
    Frankfort, KY (FHA|USDA|VA) 1 $335,000 $335,000 $4,018 3.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $325,000 $325,000 $3,422 3.00%
    Marquette, MI (FHA|USDA|VA) 1 $325,000 $325,000 $3,241 3.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,956 2.75%
    MIDLAND, MI (FHA|USDA|VA) 1 $295,000 $295,000 $5,296 2.88%
    Ludington, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,729 3.50%
    AKRON, OH (FHA|USDA|VA) 2 $270,000 $135,000 $3,907 2.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $2,785 2.88%
    WICHITA, KS (FHA|USDA|VA) 2 $260,000 $130,000 $2,564 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,542 3.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $7,021 2.50%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,753 3.00%
    OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,591 3.13%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,625 3.00%
    Coldwater, MI (FHA|USDA|VA) 1 $205,000 $205,000 $938 2.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,765 3.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $4,096 2.88%
    NEW BERN, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,914 2.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,879 2.88%
    PEORIA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,372 3.15%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,535 3.13%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $160,000 $80,000 $2,621 2.75%
    WACO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,270 2.75%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,483 3.25%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,060 2.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,022 2.50%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,618 2.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,070 3.63%
    Sturgis, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,010 2.38%
    Escanaba, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,021 3.13%
    Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,228 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,709 2.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,029 2.25%
    BAY CITY, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,395 3.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,054 3.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,919 2.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,756 3.25%
    Level One Bank's top markets include Detroit, Ann Arbor, Flint, Grand Rapids, and Lansing among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Level One Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    St James Mortgage Corporation
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    PREFERRED CREDIT UNION
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    West Michigan Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,181 $700,905,000 $321,369 $3,295 3.04%
    FHA 31 $6,455,000 $208,226 $6,633 3.07%

    For 2021, Level One Bank's most frequently originated type of loan was Conventional, with 2,181 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 934 $331,780,000 $355,225 $3,943 3.09%
    Refi 781 $237,625,000 $304,257 $2,798 2.88%
    Cash Out Refi 403 $110,815,000 $274,975 $2,978 3.15%
    Other 65 $12,005,000 $184,692 $3,287 3.52%
    Home Improvement 29 $15,135,000 $521,897 $4,190 3.31%

    For 2021, Level One Bank's most frequently cited loan purpose was Home Purchase, with 934 originations. The 2nd most popular reason was Refi, with 781 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,614 $492,620,000 $305,217 $3,387 3.16%
    15 Year 365 $92,125,000 $252,397 $2,828 2.58%
    20 Year 95 $22,715,000 $239,105 $2,641 2.88%
    30+ year 74 $57,090,000 $771,486 $6,221 3.06%
    10 Year 32 $13,370,000 $417,813 $2,713 2.51%
    Other 18 $7,080,000 $393,333 $2,507 3.17%
    5 Year 12 $16,850,000 $1,404,167 $0 4.08%
    3 Year 2 $5,510,000 $2,755,000 $0 3.90%

    For 2021, Level One Bank's most frequently cited loan duration was 30 Year, with 1,614 originations. The 2nd most popular length was 15 Year, with 365 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,246 $362,880,000 $291,236
    $<1k 676 $180,380,000 $266,834
    $2k-3k 154 $73,810,000 $479,286
    $3k-4k 54 $23,530,000 $435,741
    $5k+ 26 $19,370,000 $745,000
    $4k-5k 23 $10,845,000 $471,522

    Level One Bank's average total fees were $3,387, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,246 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,002 $342,010,000 $341,327
    3-4% 919 $287,075,000 $312,378
    <2.5% 243 $56,115,000 $230,926
    4-5% 46 $22,090,000 $480,217
    5-6% 2 $70,000 $35,000

    During 2021, Level One Bank's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,002 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 890 $247,140,000 $277,685 $3,313 3.04%
    $100k-200k 652 $99,230,000 $152,193 $2,796 3.01%
    $400k-600k 306 $148,890,000 $486,569 $3,925 3.00%
    $100,000 or less 183 $14,215,000 $77,678 $2,484 3.15%
    $600k-1MM 120 $90,290,000 $752,417 $5,025 3.08%
    $1MM+ 61 $107,595,000 $1,763,852 $6,492 3.17%

    2021 saw Level One Bank place emphasis on $200k-400k loans with 890 originations, totaling $247,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 459 $123,205,000 $268,420 $3,187 3.03%
    $150k-250k 447 $162,445,000 $363,412 $3,550 3.06%
    $50k-75k 384 $71,410,000 $185,964 $2,980 3.02%
    $75k-100k 336 $74,590,000 $221,994 $3,102 3.03%
    $250k+ 314 $206,220,000 $656,752 $4,434 3.01%
    $50k or less 226 $30,000,000 $132,743 $2,861 3.05%

    Level One Bank lent most frequently to those with incomes in the $100k-150k range, with 459 originations. The second most popular income band? $150k-250k, with 447 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 567 $175,225,000 $309,039 $3,251 2.96%
    30-36% 418 $140,870,000 $337,010 $3,517 3.06%
    <20% 252 $82,980,000 $329,286 $3,270 2.90%
    41% 95 $28,595,000 $301,000 $3,370 3.11%
    42% 86 $33,810,000 $393,140 $3,604 3.04%
    40% 86 $22,300,000 $259,302 $3,223 3.05%
    38% 85 $25,875,000 $304,412 $3,440 3.04%
    39% 83 $26,655,000 $321,145 $3,444 3.16%
    44% 82 $17,550,000 $214,024 $3,064 3.21%
    43% 81 $20,455,000 $252,531 $3,155 3.19%
    37% 79 $23,655,000 $299,430 $3,373 3.12%
    36% 78 $23,730,000 $304,231 $3,397 3.13%
    48% 45 $11,645,000 $258,778 $3,265 3.07%
    47% 42 $11,910,000 $283,571 $2,936 3.01%
    46% 38 $9,000,000 $236,842 $3,202 2.99%
    45% 34 $9,230,000 $271,471 $3,452 3.04%
    49% 33 $8,545,000 $258,939 $3,200 3.13%
    50-60% 7 $1,415,000 $202,143 $6,399 2.82%

    Level One Bank lent most frequently to those with DTI ratios of 20-30%, with 567 originations. The next most common DTI ratio? 30-36%, with 418 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,841 $572,855,000 $311,165 $3,364 3.03%
    Asian 114 $42,170,000 $369,912 $3,439 2.94%
    Not applicable 20 $33,690,000 $1,684,500 $0 3.97%
    Not provided 123 $31,295,000 $254,431 $3,002 3.03%
    Black 98 $23,250,000 $237,245 $3,192 3.15%
    American Indian 16 $4,100,000 $256,250 $3,660 3.47%

    Approval Rates

    Total approvals of all applications
    96.38%

    Level One Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.70%

    Level One Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,212 $707,360,000 $319,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,212 $707,360,000 $319,783

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 124 $19,200,000 $154,839 $2,516 2.78%
    40-60% 379 $97,735,000 $257,876 $2,807 2.83%
    60-80% 921 $304,655,000 $330,787 $3,215 3.11%
    80-100% 779 $281,325,000 $361,136 $3,888 3.10%
    Over 100% 1 $2,275,000 $2,275,000 $0 3.65%
    Under 20% 7 $1,165,000 $166,429 $2,714 2.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Level One Bank 1880 South Rochester Road Rochester, MI 48307 Full Service B&M $7,654
    Level One Bank 125 W. William Street Ann Arbor, MI 48104 Full Service B&M $230,175
    Level One Bank 1420 Washington Blvd Detroit, MI 48226 Full Service B&M $29,155
    Level One Bank 1712 West Maple Road Birmingham, MI 48009 Full Service B&M $51,695
    Level One Bank 611 N. Wisner Street Jackson, MI 49202 Full Service B&M $23,016
    Level One Bank 6450 Telegraph Road Bloomfield Hills, MI 48301 Full Service Retail $39,694
    Level One Bank 195 North Maple Road Ann Arbor, MI 48103 Full Service Retail $31,866
    Level One Bank 20550 Haggerty Road Northville, MI 48167 Full Service B&M $48,233
    Level One Bank 22635 Woodward Ave. Ferndale, MI 48220 Full Service B&M $38,411
    Level One Bank 2355 Burton Street Se Grand Rapids, MI 49506 Full Service B&M $29,363
    Level One Bank 30095 Northwestern Highway Farmington Hills, MI 48334 Full Service B&M $95,770
    Level One Bank 30201 Orchard Lake Road Farmington Hills, MI 48334 Full Service B&M $69,132
    Level One Bank 32991 Hamilton Court Farmington Hills, MI 48334 Full Service B&M $1,176,186
    Level One Bank 37100 Woodward Avenue Bloomfield Township, MI 48304 Full Service B&M $82,155
    Level One Bank 3930 S. State Road Ann Arbor, MI 48108 Full Service B&M $14,354
    Level One Bank 43683 Schoenherr Road Sterling Heights, MI 48313 Full Service B&M $43,133
    Level One Bank 44350 West 12 Mile Road Novi, MI 48377 Full Service B&M $48,281

    For 2021, Level One Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $86,650
    Net interest income $80,461
    Total noninterest income $22,340
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,069
    Trading account gains and fees $0
    Additional Noninterest Income $18,271
    Pre-tax net operating income $43,483
    Securities gains (or losses, -) $21
    Income before extraordinary items $35,215
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $35,215
    Minority interest net income $0
    Net income $35,215
    Sale, conversion, retirement of capital stock, net $579
    Net operating income $35,197

    Level One Bank's gross interest income from loans was $86,650,000.
    Level One Bank's net interest income from loans was $80,461,000.
    Level One Bank's fee based income from loans was $4,069,000.
    Level One Bank's net income from loans was $35,215,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,189
    Provision for credit losses $-725
    Total noninterest expense $60,043
    Salaries and employee benefits $39,184
    Premises and equipment expense $5,420
    Additional noninterest expense $15,439
    Applicable income taxes $8,289
    Net charge-offs $147
    Cash dividends $0

    Level One Bank's interest expense for loans was $6,189,000.
    Level One Bank's payroll and benefits expense were $39,184,000.
    Level One Bank's property, plant and equipment expenses $5,420,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,057,111
    Deposits held in domestic offices $2,057,111
    Deposits by Individuals, partnerships, and corporations $1,750,899
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $305,071
    Deposits by Commercial banks and other depository institutions in U.S. $1,141
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,054,592
    Demand deposits $843,715
    Nontransaction accounts $1,002,519
    Money market deposit accounts (MMDAs) $519,492
    Other savings deposits (excluding MMDAs) $57,226
    Total time deposits $425,801
    Total time and savings deposits $1,213,396
    Noninterest-bearing deposits $813,811
    Interest-bearing deposits $1,243,300
    Retail deposits $1,766,731
    IRAs and Keogh plan accounts $7,208
    Brokered deposits $23,066
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,516,065
    Cash & Balances due from depository institutions $330,146
    Interest-bearing balances $300,334
    Total securities $397,551
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,644,248
    Loan and leases loss allowance $21,425
    Trading account assets $0
    Bank premises and fixed assets $14,874
    Other real estate owned $201
    Goodwill and other intangibles $43,686
    All other assets $85,359

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,516,065
    Total Liabilities $2,252,836
    Total deposits $2,057,111
    Interest-bearing deposits $1,243,300
    Deposits held in domestic offices $2,057,111
    % insured (estimated) $44
    Federal funds purchased and repurchase agreements $2,342
    Trading liabilities $0
    Other borrowed funds $176,340
    Subordinated debt $0
    All other liabilities $17,043

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,644,248
    Loan and leases loss allowance $21,425
    Total loans and leases (domestic) $1,665,673
    All real estate loans $1,243,985
    Real estate loans in domestic offices $1,243,985
    Construction and development loans $79,042
    Residential 1-4 family construction $37,030
    Other construction, all land development and other land $42,012
    Loans secured by nonfarm nonresidential properties $587,056
    Nonfarm nonresidential secured by owner-occupied properties $282,499
    Commercial real estate & other non-farm, non-residential $304,557
    Multifamily residential real estate $142,535
    1-4 family residential loans $435,352
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $304
    Commercial and industrial loans $417,370
    To non-U.S. addressees $0
    Loans to individuals $825
    Credit card loans $0
    Related Plans $16
    Consumer Auto Loans $383
    Other loans to individuals $426
    All other loans & leases $3,189
    Loans to foreign governments and official institutions $0
    Other loans $263
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $20,231
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $563
    Non 1-4 family restructured loans & leases $334
    Total loans and leases (foreign) $0

    Level One Bank had $1,644,248,000 of loans outstanding in 2021. $1,243,985,000 of loans were in real estate loans. $79,042,000 of loans were in development loans. $142,535,000 of loans were in multifamily mortgage loans. $435,352,000 of loans were in 1-4 family mortgage loans. $304,000 of loans were in farm loans. $0 of loans were in credit card loans. $383,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 446 $150,978 $338,516
    Nonfarm, nonresidential loans - <$100k 18 $847 $47,056
    Nonfarm, nonresidential loans - $100-250k 86 $11,018 $128,116
    Nonfarm, nonresidential loans - $250k-1MM 342 $139,113 $406,763
    Commercial & Industrial, US addressed loans - <$1MM 1,031 $82,798 $80,308
    Commercial & Industrial, US addressed loans - <$100k 493 $6,857 $13,909
    Commercial & Industrial, US addressed loans - $100-250k 177 $12,003 $67,814
    Commercial & Industrial, US addressed loans - $250k-1MM 361 $63,938 $177,114
    Agriculture operations loans - <$1MM 1 $304 $304,000
    Agriculture operations loans - $250k-1MM 1 $304 $304,000