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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26410433
Cash and cash equivalents26410433
Total current assets:26410433
Noncurrent Assets
Property, plant and equipment161413
Intangible assets, net (including goodwill)421010
Goodwill3699
Intangible assets, net (excluding goodwill)700
Deferred income tax assets41
Total noncurrent assets:622523
Other undisclosed assets2,1171,4561,360
TOTAL ASSETS:2,4431,5851,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt36698
Total current liabilities:36698
Noncurrent Liabilities
Long-term debt and lease obligation181  
Long-term debt, excluding current maturities181  
Total noncurrent liabilities:181  
Other undisclosed liabilities2,0431,3481,166
Total liabilities:2,2281,4141,264
Stockholders' equity
Stockholders' equity attributable to parent215171152
Preferred stock23  
Common stock888991
Accumulated other comprehensive income (loss)84(2)
Retained earnings967863
Total stockholders' equity:215171152
TOTAL LIABILITIES AND EQUITY:2,4431,5851,416

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

12/31/2020
12/31/2019
12/31/2018
Revenues857264
Net investment income837064
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(12)(1)(0)
Gross profit:737063
Operating expenses(9)(6)(5)
Operating income:646458
Interest and debt expense(16)(19)(13)
Income from continuing operations before equity method investments, income taxes:484545
Other undisclosed loss from continuing operations before income taxes(23)(26)(28)
Income from continuing operations before income taxes:242017
Income tax expense(4)(3)(3)
Net income attributable to parent:201614
Preferred stock dividends and other adjustments(0)  
Other undisclosed net loss available to common stockholders, basic (0) 
Net income available to common stockholders, diluted:201614

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:201614
Other comprehensive income (loss) (1)0
Comprehensive income:201515
Other undisclosed comprehensive income (loss), net of tax, attributable to parent57(1)
Comprehensive income, net of tax, attributable to parent:252114

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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