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 10^th largest bank in the state of Michigan. It is also the 558^th largest bank in the nation. It was established in 2007 and as of September of 2019, it had grown to 250 employees at 12 locations. Level One Bank's money market rates are 4X the national average, and it boasts 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

A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58604
Year Established	2007
Employees	250
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.11%
Return on Equity - YTD	9.84%
Annual Interest Income	$53.0MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$1.51B$1.44B
Loans	Q3 2019vs Q3 2018	$1.18B$1.11B
Deposits	Q3 2019vs Q3 2018	$1.20B$1.14B
Equity Capital	Q3 2019vs Q3 2018	$175.0MM$148.8MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$12.3MM$11.9MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$10.7MM$13.0MM
Real Estate Owned	Q3 2019vs Q3 2018	$373.00K$0

Rates

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Savings
Money Market
Checking

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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
0.25%^*	$50k^*	-	Level One Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k
0.25%^*	$50k^*	-	Minor Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k
0.15%^*	$25k^*	-	Business Savings
OTHER TIERS: 0.10% → Up to $25k

Level One Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%^*	$25k^*	-	Mad Money Market Savings Special - New Money
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.50% → $10k - $25k
1.75%^*	$50k^*	-	Business Mad Money Market Savings Special - New Money
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.50% → $10k - $50k
0.50%^*	$50k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.25% → $10k - $50k
0.50%^*	$50k^*	-	Money Market IRA
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.25% → $10k - $50k
0.25%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.20% → $10k - $50k

Level One Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$1.5k^*	-	My Interest Checking
OTHER TIERS: 0.10% → Up to $1.5k
0.20%^*	$25k^*	-	IOLTA Checking
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $25k
0.15%^*	$2.5k^*	-	Select Business Checking
OTHER TIERS: 0.10% → Up to $2.5k

Locations

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Detroit Area

Detroit Area bank & credit union details

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