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 540^th largest bank in the nation. It was established in 2007 and as of December of 2019, it had grown to 251 employees at 13 locations. Level One Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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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 Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58604
Year Established	2007
Employees	251
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.14%
Return on Equity - YTD	10.17%
Annual Interest Income	$70.4MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$1.58B$1.41B
Loans	Q4 2019vs Q4 2018	$1.23B$1.12B
Deposits	Q4 2019vs Q4 2018	$1.18B$1.15B
Equity Capital	Q4 2019vs Q4 2018	$178.2MM$155.2MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$12.7MM$11.6MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$10.2MM$18.5MM
Real Estate Owned	Q4 2019vs Q4 2018	$921.00K$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
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

Availability

Detroit Area

Detroit Area bank & credit union details

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