Level One Bancorp, Inc. (LEVL) financial statements (2021 and earlier)

Company profile

Business Address 32991 HAMILTON COURT
FARMINGTON HILLS, MI 48334
State of Incorp. MI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10433
Cash and cash equivalents10433
Total current assets:10433
Noncurrent Assets
Property, plant and equipment1413
Intangible assets, net (including goodwill)1010
Goodwill99
Intangible assets, net (excluding goodwill)00
Deferred income tax assets1
Total noncurrent assets:2523
Other undisclosed assets1,4561,360
TOTAL ASSETS:1,5851,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6698
Total current liabilities:6698
Noncurrent Liabilities
Other undisclosed liabilities1,3481,166
Total liabilities:1,4141,264
Stockholders' equity
Stockholders' equity attributable to parent171152
Common stock8991
Accumulated other comprehensive income (loss)4(2)
Retained earnings7863
Total stockholders' equity:171152
TOTAL LIABILITIES AND EQUITY:1,5851,416

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
Revenues7264
Net investment income7064
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(0)
Gross profit:7063
Operating expenses(6)(5)
Operating income:6458
Interest and debt expense(19)(13)
Income from continuing operations before equity method investments, income taxes:4545
Other undisclosed loss from continuing operations before income taxes(26)(28)
Income from continuing operations before income taxes:2017
Income tax expense(3)(3)
Net income attributable to parent:1614
Other undisclosed net loss available to common stockholders, basic(0) 
Net income available to common stockholders, diluted:1614

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:1614
Other comprehensive income (loss)(1)0
Comprehensive income:1515
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7(1)
Comprehensive income, net of tax, attributable to parent:2114

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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