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 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 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

2,212

Origination Dollar Volume (All Markets)

$707,360,000

Employee count

301

Awards

Level One Bank 30 Year Conventional Loans bronze

Show all (1) awards

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, KY (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)

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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	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	1880 South Rochester Road Rochester, MI 48307	Full Service B&M	$7,654
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
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

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