Level One Bank

Overview / Commentary

www.levelonebank.com

248-737-0300

32991 Hamilton Court
Farmington Hills, MI 48334

Level One Bank is headquartered in Farmington Hills and is the 8^th largest bank in the state of Michigan. It is also the 419^th largest bank in the nation. It was established in 2007 and as of September of 2020, it had grown to 284 employees at 17 locations. Level One Bank has an A health rating.

View all posts from:

2018
2015
2009

12/12 - Level One Bank (MI) Flash Savings Ends Soon

8/25 - Level One Bank (MI) Offers Two Penalty-Free CDs

5/21 - Checking Account with 2% APY and $50 Bonus at Level One Bank in Michigan - Local Only
5/3 - 3.10% Reward Checking Account at Michigan Heritage Bank

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Health

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58604
Year Established	2007
Employees	284
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	8.87%
Annual Interest Income	$60.4MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$2.44B$1.51B
Loans	Q3 2020vs Q3 2019	$1.88B$1.18B
Deposits	Q3 2020vs Q3 2019	$1.98B$1.20B
Equity Capital	Q3 2020vs Q3 2019	$223.6MM$175.0MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$21.3MM$12.3MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$19.8MM$10.7MM
Real Estate Owned	Q3 2020vs Q3 2019	$0$373.00K

Rates

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Money Market
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Level One Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$50k^*	-	Level One Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $50k
0.15%^*	$50k^*	-	Minor Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $50k
0.10%^*	$25k^*	-	Business Savings
OTHER TIERS: 0.05% → Up to $25k

Level One Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$50k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k
0.25%^*	$50k^*	-	Money Market IRA
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $50k
0.25%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $25k \| 0.20% → $25k - $50k

Level One Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$10k^*	-	IOLTA Checking
OTHER TIERS: 0.10% → Up to $10k
0.10%^*	$1.5k^*	-	My Interest Checking
OTHER TIERS: 0.05% → Up to $1.5k
0.10%	-	-	Select Business Checking

Locations

Availability

Detroit Area

Detroit Area bank & credit union details

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