Level One Bank was established on October 5, 2007 and is based in Farmington Hills, Michigan.  Level One Bank operates as a subsidiary of Level One Bancorp, Inc.  The bank has been FDIC insured since October 5, 2007.  Level One Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

At the close of 2008, the bank had total assets of $72,189,000 and total deposits of $58,318,000.  The bank operates with approximately 21 total employees.  Level One Bank ended 2008 with a net loss of -$2,224,000.

Level One Bank most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 4.48% 
Cost of funding earning assets 1.69% 
Net interest margin 2.80%
Return on equity (ROE) -18.62%
Return on assets (ROA) -5.09%
Noncurrent loans to loans 0%
Equity capital to assets 15.07% 
Core capital (leverage) ratio 17.24% 
Tier 1 risk-based capital ratio 15.92% 
Total risk-based capital ratio 17.08%

Level One Bank products and services:
 
Level One Bank consumer division offers personal savings and checking accounts including free checking and competitive interest bearing accounts such as money markets, IRAs, and bank CDs.  The bank also provides a complete array of consumer loan products including first mortgages, home equity, personal lines, auto, boat loans, recreational vehicles and credit card services.

Level One Bank commercial division provides a complete menu of products including lines of credit, asset-based lending, equipment financing, term loans, commercial mortgages, SBA loans, business credit cards and letters of credit.  The bank also offer business checking and savings accounts with treasury management services including lock box, courier service, remote capture, merchant processing, web bill payment, ACH transfers, and wire transfers.

Level One also provides online banking as a secure, internet-based service that gives convenient, 24-hour account access.

Level One Bank branch bank locations:

30201 Orchard Lake Rd
Suite 250
Farmington Hills, MI 48334
888-880-5663

Level One Bank web address: www.levelonebanking.com

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