OverviewSuggest Edit

Level One Bank provides business and consumer financial services. It offers a range of deposit services, including checking accounts, NOW accounts, savings, other time deposits, certificates of deposit, and specialty deposit accounts. The Company also provides lending products and related services comprising commercial mortgages, commercial and industrial loans with lines of credit, term loans, owner occupied mortgages to small businesses, loans under the SBA lending program, residential real estate loans, construction and land development loans, and consumer loans.
TypePublic
Founded2007
HQFarmington Hills, US
Websitelevelonebank.com
Employee Ratings3.8
Culture scoreF

Locations

Level One Bank is headquartered in
Farmington Hills, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)253
Job Openings2
Revenue (FY, 2019)$14.2 M(+102%)
Share Price (May 2020)$18.8 (-1%)

Key People/Management at Level One Bank

Patrick J. Fehring

Patrick J. Fehring

Chairman, President, CEO
Melanie C. Barrett

Melanie C. Barrett

Executive Vice President, Chief Human Resources Officer
Timothy R. MacKay

Timothy R. MacKay

Executive Vice President, Consumer Banking Officer
Eva D. Scurlock

Eva D. Scurlock

Executive Vice President, Risk Management Officer
Brad Donnelly

Brad Donnelly

VP Mortgage Banking
David C. Walker

David C. Walker

Executive Vice President, Chief Financial Officer
Show more

Level One Bank Office Locations

Level One Bank has offices in Farmington Hills, Ann Arbor, Birmingham, Bloomfield Hills and in 7 other locations
Farmington Hills, US (HQ)
32991 Hamilton Ct
Ann Arbor, US
1328 S Main St
Ann Arbor, US
195 N Maple Rd
Birmingham, US
1712 W Maple Rd
Bloomfield Hills, US
37100 Woodward Ave
Detroit, US
1420 Washington Blvd
Show all (14)

Level One Bank Financials and Metrics

Level One Bank Revenue

Level One Bank's revenue was reported to be $14.21 m in FY, 2019
USD

Revenue (Q1, 2020)

4.7m

Net income (Q1, 2020)

4.1m

Market capitalization (29-May-2020)

145.4m

Closing stock price (29-May-2020)

18.8

Cash (31-Mar-2020)

104.9m
Level One Bank's current market capitalization is $145.4 m.
Annual
USDFY, 2018FY, 2019

Revenue

7.1m14.2m

Sales and marketing expense

1.0m1.1m

R&D expense

2.1m2.4m

Operating expense total

7.4m8.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.4m1.5m1.9m2.3m3.5m3.9m4.7m

Sales and marketing expense

142.0k291.0k264.0k176.0k288.0k379.0k222.0k

R&D expense

436.0k511.0k565.0k595.0k606.0k661.0k847.0k

Operating expense total

1.8m1.9m1.8m1.8m2.3m1.9m2.2m
Annual
USDFY, 2018FY, 2019

Cash

33.3m103.9m

Accounts Receivable

1.1b1.2b

PP&E

13.2m13.8m

Total Assets

1.4b1.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

39.9m34.8m77.8m36.0m50.1m49.4m104.9m

Accounts Receivable

1.0b1.0b1.1b1.1b1.2b1.2b1.5b

PP&E

13.3m13.1m13.5m13.2m13.2m13.4m16.7m

Goodwill

9.4m9.4m9.4m
Annual
USDFY, 2018FY, 2019

Net Income

14.4m16.1m

Depreciation and Amortization

1.6m146.0k

Cash From Operating Activities

18.1m4.1m

Purchases of PP&E

(1.2m)(2.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

3.2m7.2m10.4m3.5m7.0m11.4m4.1m

Depreciation and Amortization

387.0k773.0k1.2m379.0k748.0k1.1m605.0k

Cash From Operating Activities

6.5m14.3m6.1m(6.5m)(7.7m)(20.0m)(6.4m)

Purchases of PP&E

(199.0k)(391.0k)(1.1m)(290.0k)(704.0k)(1.3m)(844.0k)
USDY, 2020

Financial Leverage

11 x
Show all financial metrics

Level One Bank Online and Social Media Presence

Embed Graph

Level One Bank Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    50/100

  • Compensation

    C

    67/100

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Level One Bank Frequently Asked Questions

  • When was Level One Bank founded?

    Level One Bank was founded in 2007.

  • Who are Level One Bank key executives?

    Level One Bank's key executives are Patrick J. Fehring, Melanie C. Barrett and Timothy R. MacKay.

  • How many employees does Level One Bank have?

    Level One Bank has 253 employees.

  • What is Level One Bank revenue?

    Latest Level One Bank annual revenue is $14.2 m.

  • What is Level One Bank revenue per employee?

    Latest Level One Bank revenue per employee is $56.2 k.

  • Who are Level One Bank competitors?

    Competitors of Level One Bank include Two River Community Bank, Eagle Bancorp and KeyCorp.

  • Where is Level One Bank headquarters?

    Level One Bank headquarters is located at 32991 Hamilton Ct, Farmington Hills.

  • Where are Level One Bank offices?

    Level One Bank has offices in Farmington Hills, Ann Arbor, Birmingham, Bloomfield Hills and in 7 other locations.

  • How many offices does Level One Bank have?

    Level One Bank has 14 offices.