# LEVEL ONE BANK
FARMINGTON HILLS, MI · FDIC certificate 58604 · asset band $1-10B · latest filing 2022-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.39B | |
| Deposits | $1.95B | |
| Loans and leases | $1.66B | |
| Total equity | $246.0M | |
| Loans / deposits | 83.76% (p72 of band) | 72.64% |
| Liquid assets / assets | 24.94% (p32 of band) | |
| Uninsured deposits / deposits | 55.54% (p88 of band) | 32.22% |
| Brokered deposits | 0.95% | |
| Wholesale funding | 7.77% (p78 of band) | |
| FHLB advances / assets | 6.70% | |
| Tier 1 leverage | 9.31% (p46 of band) | 9.47% |
| Unrealized securities loss / equity | -8.53% (p58 of band) | -11.11% |
| AOCI / equity | -7.93% (p42 of band) | |
| ROA (annualized) | 0.22% (p5 of band) | 1.02% |
| Net interest margin | 3.20% (p60 of band) | 3.08% |
| Efficiency ratio | 94.46% (p98 of band) | |
| Noncurrent loans | 0.61% (p71 of band) | 0.31% |
| Net charge-offs (annualized) | 0.00% (p26 of band) | |
| Reserve coverage of noncurrent | 213.37% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 36.53% (p37 of band) | |
| Auto loans | $464,000 (0.03% of loans; DQ 1.51%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -8.3% | |
| Employees | 294 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | reserve under noncurrent |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | wholesale funding >15% |  |
| 2015-03 | 1 |  | capital falling |
| 2015-06 | 0 |  | wholesale funding >15% |
| 2015-09 | 1 | capital falling |  |
| 2015-12 | 0 |  | capital falling |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 | reserve under noncurrent | capital falling |
| 2016-12 | 2 | loans exceed deposits |  |
| 2017-03 | 2 | capital falling | loans exceed deposits |
| 2017-06 | 0 |  | reserve under noncurrent, capital falling |
| 2017-09 | 1 | reserve under noncurrent |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | charge-offs p90 |  |
| 2018-06 | 2 | wholesale funding >15% | charge-offs p90 |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | capital falling, noncurrent p90 | wholesale funding >15% |
| 2019-03 | 2 | wholesale funding >15% | capital falling, noncurrent p90 |
| 2019-06 | 1 |  | wholesale funding >15% |
| 2019-09 | 0 |  | reserve under noncurrent |
| 2019-12 | 4 | loans exceed deposits, wholesale funding >15%, noncurrent p90, reserve under noncurrent |  |
| 2020-03 | 2 |  | loans exceed deposits, noncurrent p90 |
| 2020-06 | 3 | uninsured deposits >50%, capital falling | reserve under noncurrent |
| 2020-09 | 3 | run vulnerability | wholesale funding >15% |
| 2020-12 | 2 |  | run vulnerability |
| 2021-03 | 1 |  | capital falling |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 4 | expense ratio p90, deposits shrinking, assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-11-04 [Farmington Hills-based Level One Bank to be acquired, become First Merchants - Detroit Free Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxNTjgzQnI3djR5YnprNG81TXB4TUx3U1lnb3VDbVEzU01sLU5PNG83OUNQQ3ZPQXluWXY4WDBKa2Fkd09QbzdUZE9TUU1HYWswdlQ5cnZhcERvSG1IWjRZLVhRNndKU0hOSzVQaDhPMnZTR0dkT01yaTFnMTNDQXZxMHJQTC1qMVc3czNkU1N6a2lUY1hZMF9uSGhCTjE?oc=5) · Detroit Free Press
- 2022-04-03 [First Merchants merging with Level One - Monroe Evening News](https://news.google.com/rss/articles/CBMimgFBVV95cUxNY2h4R2FSS3d0a3lPUV9TeEoxN0JGR1JjMDh6RGhhbEp6QloxbF9kUDJZSU9iQ3ViTDVxclF0Nnd1Z2xZRmc4ZFFFdTJPaDJaOC1fY090Y21oZEcyYVg0WkFhTzFwU3pJTmpGd3QzeG5iZjF4OXVjWWpsc1hrd2VST2J4TWs0dGx2Ymk1V3h6enRPYUVvSlo5amV3?oc=5) · Monroe Evening News
- 2022-04-01 [First Merchants Corp. closes merger with Michigan-based Level One Bancorp - Northwest Indiana Business Magazine](https://news.google.com/rss/articles/CBMizgFBVV95cUxNeE95OXI0MFZxMjBNNTRzekZzTFVvNWR3a1BGVW9aMXJKaE9EMWFZYXg5eUt2MkpVeXcwY0ZacHVjajdIWElJWUI2VzhIa1kxUGtsS0RvakJ2WXRXWVBOZE1iRUtjYk01SXlVLXpiT25UZmpUN3BrWXFWa210V01ETmNPY3lsV1I2VGlFMFd2NERYa1BpdUhyRkh1M1BoX2dnV3pVSzk1SE9yWDRMUUxCbGpMeUhnU3BMR2tKLU9mZWMyMGhGdXNLQnBROVJvZw?oc=5) · Northwest Indiana Business Magazine
- 2014-11-20 [Level One to buy Lotus Bank - Observer and Eccentric Newspapers](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQUF8yNHIwa2c5blVDbGh3RE5ETVdVUE1YOUd5Y0d6bTVDV3I4cGVyZGYzMmVvWDdNSlhiSjZwYW13RUhfakFNZnU2bV9nS0ZLRG1PZlhLeFhYTEM4TEpsZlQwcDYxMUVBcmdtcURiQ0IzUGdwbmdvRThHU1hFOE93Z0FIZmtvU1pBeDJzb25kUmpUZjVoOXFOdDh3QVhOakdWR2J1ZFV0cTJOc2YwSW9nMnpEU2RweTAzSUUtZEhsdzVxMk4ydmhVUTMtaTZuanh3WFFIaVZ1WQ?oc=5) · Observer and Eccentric Newspapers
- 2015-10-22 [Farmington Hills-based Level One Bancorp to acquire Bank of Michigan - MLive.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNVzJ0S0VBRjZjcUFHUUhEWVZWVHdCYjRPcWo1b1Nobnl3amRpQXhBd2s0eVpvaU1SX2FhUzNZN1VSdmVWaUpkY0ZSVjgxS2oweXBSR0pUdFBhWXppR0hxMS1UNlNzNzJ5MFJGWlhJaWFjQ3gxN1VNb0dKVFgxYm5WbkhLVUtFRFdSaUE?oc=5) · MLive.com
- 2019-08-13 [Level One to merge with Ann Arbor Bancorp in $67.8 million deal - Detroit Free Press](https://news.google.com/rss/articles/CBMixAFBVV95cUxPdHhtMnRlaVUyY1dMcnZWby1WZ0RhcUkwVW84TjZ2LXpTcHdkQzkzRUN6SVJOa1BhNjhsNnkwWWVFYmg1NUhjY1lHSjdlNk43aEtMME55WVE4VEUwOW1YRDJQNG5aWkVPZHRjYkEwQnNFZXl5VEJiWTFYcXBON3FOQk5ZQjgtMGZtRXFHc3JRQ1BadHNTSXh3czQxVEN4Z0RHOS1yTzltT1VXZnl5T21FaEFkZjBCRkk2RGF3QTZiRkM5R3dp?oc=5) · Detroit Free Press
- 2011-07-26 [West Bloomfield Resident Jeff Levine Named New SVP of Level One Bank - Patch](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQdVB6RmNDdFFoUE16U3htdTIzeUdocWJRUWxnSW9kejYwM0s3UTlyMFQ1cS1UT0ZPNTdiSWNLTWJKbFVzdnNXc0N5NThwMjk0QWN4d2FEc0ZOTEFyaXU0ZjRfdXZwak9MdTZ6VU5Ia3R3cE1ua282XzduaVBoZ1RtSkZuLVFiSDdiYWZVcExZdUlwZUkxZGZxS1ZxV3dlbjZmZll4RnZpcEU?oc=5) · Patch
- 2022-02-23 [Chaldean-owned bank focuses on cash-intensive Detroit area businesses - The Detroit News](https://news.google.com/rss/articles/CBMizAFBVV95cUxPUEtxMHJYSHZLTnU4OHRPZUtIT2hpNUpyWjFRczhlRmFDbU8wSFJhMXFSZDdsSS10di16WXo2ZzM0QUJha3JjOVd4T2JLODhZS0R4R3ozM0p2dlFiNkdvNnhMYlZRcjdIajFudVpyUW9oMmg5RDRXVXJYMmlVVGtzZEkzLWVsbkxMLUU5cWpneW12Q2hudy15bmcySnZQSUFqZnFodjBqcE85Q0F5R1BZM3d1YmRhUkNCT2tsMmlQOFlrWXZsclAydGxpUU8?oc=5) · The Detroit News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58604 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/44.json (key "58604", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide