Level One Bank Mortgage Rates, Fees & Info

Farmington Hills, MI

LEI: 549300B3O78O3WRVJJ49

Tax ID: 32-0256611

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Level One Bank is a smaller bank specializing in Refi and Home Purchase 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, Grand Rapids, Jackson, and Mount Pleasant among others. We have data for 104 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 a low 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.

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Originations

2,621

Origination Dollar Volume (All Markets)

$775,775,000

Employee count

278

Awards

Level One Bank 30 Year Conventional Loans silver

Level One Bank 30 Year Conventional Loans bronze

Level One Bank 30 Year Conventional Loans gold

Show all (10) awards

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)	1,523	$453,495,000	$297,764	$2,810	3.09%
ANN ARBOR, MI (FHA\|USDA\|VA)	557	$168,455,000	$302,433	$2,873	3.15%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	83	$27,645,000	$333,072	$2,906	3.13%
JACKSON, MI (FHA\|USDA\|VA)	56	$15,680,000	$280,000	$2,785	3.18%
Outside of Metro Areas	61	$15,195,000	$249,098	$3,022	2.89%
Mount Pleasant, MI (FHA\|USDA\|VA)	2	$6,510,000	$3,255,000	$2,623	3.55%
MONROE, MI (FHA\|USDA\|VA)	30	$6,200,000	$206,667	$2,571	3.08%
Adrian, MI (FHA\|USDA\|VA)	26	$5,560,000	$213,846	$3,107	3.24%
LANSING-EAST LANSING, MI (FHA\|USDA\|VA)	30	$5,400,000	$180,000	$2,642	3.02%
Traverse City, MI (FHA\|USDA\|VA)	14	$4,760,000	$340,000	$3,020	3.11%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	17	$4,735,000	$278,529	$4,300	3.04%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	6	$3,400,000	$566,667	$5,333	3.02%
FLINT, MI (FHA\|USDA\|VA)	20	$3,020,000	$151,000	$2,814	3.12%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	5	$2,815,000	$563,000	$5,414	3.00%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	9	$2,695,000	$299,444	$2,838	3.15%
Glenwood Springs, CO (FHA\|USDA\|VA)	8	$2,500,000	$312,500	$4,450	3.73%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	7	$2,025,000	$289,286	$3,092	3.20%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	5	$1,645,000	$329,000	$3,787	3.60%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	5	$1,625,000	$325,000	$3,837	2.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	7	$1,515,000	$216,429	$3,574	3.45%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	5	$1,495,000	$299,000	$2,312	3.35%
NILES, MI (FHA\|USDA\|VA)	5	$1,385,000	$277,000	$2,802	3.08%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	3	$1,315,000	$438,333	$2,565	2.67%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	3	$1,125,000	$375,000	$2,959	3.50%
Holland, MI (FHA\|USDA\|VA)	3	$1,095,000	$365,000	$2,521	3.04%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	4	$1,080,000	$270,000	$4,071	3.03%
TOLEDO, OH (FHA\|USDA\|VA)	4	$1,010,000	$252,500	$3,162	3.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	3	$995,000	$331,667	$2,884	3.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	4	$990,000	$247,500	$3,533	3.47%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	2	$970,000	$485,000	$3,610	3.06%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	2	$960,000	$480,000	$2,715	3.19%
Hillsdale, MI (FHA\|USDA\|VA)	6	$960,000	$160,000	$2,466	2.79%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	3	$955,000	$318,333	$4,763	3.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	2	$890,000	$445,000	$4,403	3.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	3	$875,000	$291,667	$3,993	3.42%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	2	$850,000	$425,000	$4,117	3.25%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	2	$810,000	$405,000	$3,595	3.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$785,000	$785,000	$7,437	3.50%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$745,000	$745,000	$3,832	3.63%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	2	$740,000	$370,000	$3,349	2.88%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	3	$685,000	$228,333	$2,554	3.42%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	3	$675,000	$225,000	$3,288	3.21%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$650,000	$325,000	$3,377	3.38%
BATTLE CREEK, MI (FHA\|USDA\|VA)	3	$645,000	$215,000	$2,483	2.96%
Sault Ste. Marie, MI (FHA\|USDA\|VA)	3	$625,000	$208,333	$3,949	3.00%
Houghton, MI (FHA\|USDA\|VA)	1	$595,000	$595,000	$8,404	2.88%
Coldwater, MI (FHA\|USDA\|VA)	3	$575,000	$191,667	$3,110	3.04%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$570,000	$285,000	$3,191	2.81%
SAGINAW, MI (FHA\|USDA\|VA)	3	$505,000	$168,333	$3,165	3.38%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$505,000	$505,000	$4,465	3.13%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	1	$495,000	$495,000	$3,545	3.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	1	$485,000	$485,000	$3,149	3.50%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$485,000	$485,000	$2,897	2.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$2,715	2.38%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	2	$450,000	$225,000	$2,135	3.88%
PITTSBURGH, PA (FHA\|USDA\|VA)	2	$440,000	$220,000	$4,658	2.69%
VALLEJO, CA (FHA\|USDA\|VA)	2	$430,000	$215,000	$2,784	3.44%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$415,000	$415,000	$2,649	3.38%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	2	$400,000	$200,000	$2,530	3.38%
Fremont, OH (FHA\|USDA\|VA)	2	$390,000	$195,000	$4,540	3.13%
MIDLAND, MI (FHA\|USDA\|VA)	2	$380,000	$190,000	$3,466	3.13%
MADISON, WI (FHA\|USDA\|VA)	1	$375,000	$375,000	$2,868	3.38%
MUSKEGON, MI (FHA\|USDA\|VA)	2	$370,000	$185,000	$2,750	3.19%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	1	$365,000	$365,000	$5,045	3.25%
BOULDER, CO (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,564	2.38%
RICHMOND, VA (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,675	3.00%
PUNTA GORDA, FL (FHA\|USDA\|VA)	2	$350,000	$175,000	$3,322	2.75%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$335,000	$335,000	$2,653	2.90%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$330,000	$165,000	$3,200	3.06%
TUCSON, AZ (FHA\|USDA\|VA)	2	$330,000	$165,000	$4,309	2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$325,000	$325,000	$3,049	3.00%
Key West, FL (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,913	3.00%
Angola, IN (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,420	3.13%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,688	2.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$300,000	$150,000	$2,975	2.81%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,108	3.00%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$265,000	$265,000	$4,929	2.88%
Big Rapids, MI (FHA\|USDA\|VA)	2	$260,000	$130,000	$2,006	3.31%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,430	3.00%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,185	3.13%
TULSA, OK (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,689	3.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,278	3.50%
Lewisburg, TN (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,942	2.63%
Ludington, MI (FHA\|USDA\|VA)	1	$225,000	$225,000	$1,819	3.20%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,862	4.75%
JACKSON, MS (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,969	3.88%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,189	3.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,704	2.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,233	2.50%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,728	2.88%
ROCKFORD, IL (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,322	3.38%
BEND, OR (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,426	3.88%
WORCESTER, MA-CT (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,807	3.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,635	3.25%
TERRE HAUTE, IN (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,385	3.13%
Branson, MO (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,039	2.25%
LYNCHBURG, VA (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,252	2.75%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,716	3.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,563	3.00%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,436	2.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,799	2.75%
TYLER, TX (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,840	2.63%
Cadillac, MI (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,241	3.50%
SPRINGFIELD, OH (FHA\|USDA\|VA)	1	$35,000	$35,000	$2,990	4.50%

Level One Bank's top markets include Detroit, Ann Arbor, Grand Rapids, Jackson, and Mount Pleasant among others.

Their top states include:

Michigan (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

California (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.

MONROE COUNTY COMMUNITY CREDIT UNION
Similarity Rank: 30

Community West Credit Union
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KENT COUNTY CREDIT UNION
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ADVANTAGE ONE Credit Union
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St James Mortgage Corporation
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PREFERRED CREDIT UNION
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Polish-American Federal Credit Union
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SECURITY CREDIT UNION
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BIRMINGHAM-BLOOMFIELD Credit Union
Similarity Rank: 472

Meijer Credit Union
Similarity Rank: 490

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	2,579	$768,055,000	$297,811	$2,836	3.11%
FHA	42	$7,720,000	$183,810	$5,873	3.22%

For 2020, Level One Bank's most frequently originated type of loan was Conventional, with 2,579 originations. Their 2nd most popular type was FHA, with 42 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	1,366	$397,200,000	$290,776	$2,578	3.00%
Home Purchase	780	$239,120,000	$306,564	$3,454	3.18%
Cash Out Refi	430	$118,470,000	$275,512	$2,781	3.28%
Other	24	$8,640,000	$360,000	$3,171	3.67%
Home Improvement	21	$12,345,000	$587,857	$4,626	3.33%

For 2020, Level One Bank's most frequently cited loan purpose was Refi, with 1,366 originations. The 2nd most popular reason was Home Purchase, with 780 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,940	$535,070,000	$275,809	$2,950	3.19%
15 Year	397	$90,135,000	$227,040	$2,467	2.70%
20 Year	122	$30,100,000	$246,721	$2,547	3.12%
10 Year	52	$33,750,000	$649,038	$2,328	2.73%
Other	52	$31,550,000	$606,731	$2,234	3.18%
30+ year	48	$40,180,000	$837,083	$5,818	3.21%
5 Year	8	$8,500,000	$1,062,500	$0	4.19%
3 Year	2	$6,490,000	$3,245,000	$0	4.00%

For 2020, Level One Bank's most frequently cited loan duration was 30 Year, with 1,940 originations. The 2nd most popular length was 15 Year, with 397 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	1,994	$538,210,000	$269,915
$1k-2k	436	$100,030,000	$229,427
$2k-3k	119	$60,925,000	$511,975
$3k-4k	13	$4,965,000	$381,923
$4k-5k	8	$2,540,000	$317,500
$5k+	8	$3,950,000	$493,750

Level One Bank's average total fees were $2,950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,994 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	1,147	$332,025,000	$289,473
2.5-3%	1,096	$331,830,000	$302,765
<2.5%	284	$66,810,000	$235,246
4-5%	83	$43,505,000	$524,157
5-6%	11	$1,605,000	$145,909

During 2020, Level One Bank's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 1,147 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	1,209	$339,725,000	$280,997	$2,887	3.09%
$100k-200k	788	$121,600,000	$154,315	$2,585	3.09%
$400k-600k	313	$146,245,000	$467,236	$3,459	3.06%
$100,000 or less	199	$14,565,000	$73,191	$2,420	3.34%
$600k-1MM	67	$48,495,000	$723,806	$3,861	3.17%
$1MM+	45	$105,145,000	$2,336,556	$5,428	3.22%

2020 saw Level One Bank place emphasis on $200k-400k loans with 1,209 originations, totaling $339,725,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	630	$161,550,000	$256,429	$2,866	3.12%
$150k-250k	565	$189,535,000	$335,460	$3,004	3.07%
$75k-100k	409	$89,805,000	$219,572	$2,751	3.13%
$50k-75k	402	$73,490,000	$182,811	$2,749	3.12%
$250k+	328	$159,970,000	$487,713	$3,371	3.05%
$50k or less	196	$25,370,000	$129,439	$2,740	3.14%

Level One Bank lent most frequently to those with incomes in the $100k-150k range, with 630 originations. The second most popular income band? $150k-250k, with 565 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	719	$190,575,000	$265,056	$2,766	3.06%
30-36%	494	$137,580,000	$278,502	$2,888	3.14%
<20%	412	$116,550,000	$282,888	$2,677	2.95%
41%	100	$28,850,000	$288,500	$3,235	3.18%
42%	93	$26,745,000	$287,581	$3,031	3.33%
37%	89	$26,335,000	$295,899	$2,890	3.17%
39%	87	$25,535,000	$293,506	$3,050	3.15%
40%	86	$25,320,000	$294,419	$3,083	3.18%
43%	80	$19,780,000	$247,250	$3,125	3.24%
36%	75	$20,525,000	$273,667	$2,758	3.10%
44%	74	$20,140,000	$272,162	$2,934	3.13%
38%	69	$21,985,000	$318,623	$2,896	3.10%
47%	47	$14,755,000	$313,936	$2,905	3.10%
48%	46	$11,100,000	$241,304	$3,506	3.27%
49%	37	$8,985,000	$242,838	$3,005	3.20%
45%	36	$8,560,000	$237,778	$3,093	3.19%
46%	34	$7,750,000	$227,941	$2,838	2.97%
50-60%	12	$2,070,000	$172,500	$5,699	3.11%
>60%	1	$135,000	$135,000	$1,721	3.25%

Level One Bank lent most frequently to those with DTI ratios of 20-30%, with 719 originations. The next most common DTI ratio? 30-36%, with 494 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,264	$623,750,000	$275,508	$2,883	3.10%
Not applicable	23	$60,015,000	$2,609,348	$0	3.97%
Asian	134	$42,120,000	$314,328	$2,957	2.94%
Not provided	132	$35,480,000	$268,788	$2,821	3.20%
Black	65	$13,615,000	$209,462	$2,950	3.27%
Native Hawaiian or Islander	1	$475,000	$475,000	$4,883	3.25%
American Indian	2	$320,000	$160,000	$2,252	3.00%

Approval Rates

Total approvals of all applications
97.92%

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
86.91%

Level One Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
4992.75	1	$555,000	$555,000
NA	2,620	$775,220,000	$295,885

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	2	$3,310,000	$1,655,000
Multifamily:Site-Built	19	$57,195,000	$3,010,263
Single Family (1-4 Units):Site-Built	2,600	$715,270,000	$275,104

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	126	$25,770,000	$204,524	$2,437	2.91%
40-60%	488	$121,250,000	$248,463	$2,502	2.97%
60-80%	1,175	$354,195,000	$301,443	$2,736	3.14%
80-100%	816	$254,330,000	$311,679	$3,401	3.18%
Over 100%	2	$16,660,000	$8,330,000	$0	3.38%
Under 20%	13	$3,385,000	$260,385	$2,403	2.97%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Level One Bank	125 W. William Street Ann Arbor, MI 48104	Full Service B&M	$72,592
Level One Bank	1420 Washington Blvd Detroit, MI 48226	Full Service B&M	$30,833
Level One Bank	1712 West Maple Road Birmingham, MI 48009	Full Service B&M	$49,771
Level One Bank	1880 South Rochester Road Rochester, MI 48307	Full Service B&M	$4,825
Level One Bank	195 North Maple Road Ann Arbor, MI 48103	Full Service Retail	$4,905
Level One Bank	20550 Haggerty Road Northville, MI 48167	Full Service B&M	$47,530
Level One Bank	22635 Woodward Ave. Ferndale, MI 48220	Full Service B&M	$30,682
Level One Bank	2355 Burton Street Se Grand Rapids, MI 49506	Full Service B&M	$18,604
Level One Bank	30095 Northwestern Highway Farmington Hills, MI 48334	Full Service B&M	$91,605
Level One Bank	30201 Orchard Lake Road Farmington Hills, MI 48334	Full Service B&M	$66,914
Level One Bank	32991 Hamilton Court Farmington Hills, MI 48334	Full Service B&M	$1,174,859
Level One Bank	37100 Woodward Avenue Bloomfield Township, MI 48304	Full Service B&M	$87,045
Level One Bank	3930 S. State Road Ann Arbor, MI 48108	Full Service B&M	$13,066
Level One Bank	43683 Schoenherr Road Sterling Heights, MI 48313	Full Service B&M	$38,385
Level One Bank	44350 West 12 Mile Road Novi, MI 48377	Full Service B&M	$50,718
Level One Bank	611 N. Wisner Street Jackson, MI 49202	Full Service B&M	$16,478
Level One Bank	6450 Telegraph Road Bloomfield Hills, MI 48301	Full Service Retail	$34,671

For 2020, Level One Bank had 17 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$82,595
Net interest income	$69,290
Total noninterest income	$27,850
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$3,104
Trading account gains and fees	$0
Additional Noninterest Income	$24,746
Pre-tax net operating income	$25,538
Securities gains (or losses, -)	$1,862
Income before extraordinary items	$22,675
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$22,675
Minority interest net income	$0
Net income	$22,675
Sale, conversion, retirement of capital stock, net	$723
Net operating income	$21,129

Level One Bank's gross interest income from loans was $82,595,000.
Level One Bank's net interest income from loans was $69,290,000.
Level One Bank's fee based income from loans was $3,104,000.
Level One Bank's net income from loans was $22,675,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$13,305
Provision for credit losses	$11,872
Total noninterest expense	$59,730
Salaries and employee benefits	$38,135
Premises and equipment expense	$5,511
Additional noninterest expense	$16,084
Applicable income taxes	$4,725
Net charge-offs	$2,249
Cash dividends	$41,500

Level One Bank's interest expense for loans was $13,305,000.
Level One Bank's payroll and benefits expense were $38,135,000.
Level One Bank's property, plant and equipment expenses $5,511,000.

Loan Performance

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

Deposits

Type	Value (in 000's)
Total deposits	$1,996,216
Deposits held in domestic offices	$1,996,216
Deposits by Individuals, partnerships, and corporations	$1,604,761
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$389,813
Deposits by Commercial banks and other depository institutions in U.S.	$1,642
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$779,501
Demand deposits	$671,273
Nontransaction accounts	$1,216,715
Money market deposit accounts (MMDAs)	$565,681
Other savings deposits (excluding MMDAs)	$54,219
Total time deposits	$596,815
Total time and savings deposits	$1,324,943
Noninterest-bearing deposits	$651,581
Interest-bearing deposits	$1,344,635
Retail deposits	$1,586,604
IRAs and Keogh plan accounts	$10,739
Brokered deposits	$29,282
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,440,929
Cash & Balances due from depository institutions	$262,461
Interest-bearing balances	$223,443
Total securities	$302,732
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,744,722
Loan and leases loss allowance	$22,297
Trading account assets	$0
Bank premises and fixed assets	$15,804
Other real estate owned	$0
Goodwill and other intangibles	$42,111
All other assets	$73,099

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,440,929
Total Liabilities	$2,208,257
Total deposits	$1,996,216
Interest-bearing deposits	$1,344,635
Deposits held in domestic offices	$1,996,216
% insured (estimated)	$43
Federal funds purchased and repurchase agreements	$3,204
Trading liabilities	$0
Other borrowed funds	$182,480
Subordinated debt	$0
All other liabilities	$26,357

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,744,722
Loan and leases loss allowance	$22,297
Total loans and leases (domestic)	$1,767,019
All real estate loans	$1,123,313
Real estate loans in domestic offices	$1,123,313
Construction and development loans	$85,448
Residential 1-4 family construction	$32,461
Other construction, all land development and other land	$52,987
Loans secured by nonfarm nonresidential properties	$574,703
Nonfarm nonresidential secured by owner-occupied properties	$267,867
Commercial real estate & other non-farm, non-residential	$306,836
Multifamily residential real estate	$113,187
1-4 family residential loans	$349,975
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$871
Commercial and industrial loans	$636,375
To non-U.S. addressees	$0
Loans to individuals	$1,716
Credit card loans	$0
Related Plans	$22
Consumer Auto Loans	$1,230
Other loans to individuals	$464
All other loans & leases	$4,744
Loans to foreign governments and official institutions	$0
Other loans	$35
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$24,180
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$978
Non 1-4 family restructured loans & leases	$546
Total loans and leases (foreign)	$0

Level One Bank had $1,744,722,000 of loans outstanding in 2020. $1,123,313,000 of loans were in real estate loans. $85,448,000 of loans were in development loans. $113,187,000 of loans were in multifamily mortgage loans. $349,975,000 of loans were in 1-4 family mortgage loans. $871,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,230,000 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	475	$156,428	$329,322
Nonfarm, nonresidential loans - <$100k	17	$907	$53,353
Nonfarm, nonresidential loans - $100-250k	91	$11,316	$124,352
Nonfarm, nonresidential loans - $250k-1MM	367	$144,205	$392,929
Commercial & Industrial, US addressed loans - <$1MM	2,311	$187,864	$81,291
Commercial & Industrial, US addressed loans - <$100k	1,379	$32,029	$23,226
Commercial & Industrial, US addressed loans - $100-250k	377	$39,095	$103,700
Commercial & Industrial, US addressed loans - $250k-1MM	555	$116,740	$210,342