Level One Bancorp, Inc. (LEVL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33026410433
Cash and cash equivalents33026410433
Total current assets:33026410433
Noncurrent Assets
Property, plant and equipment15161413
Intangible assets, net (including goodwill)38421010
Goodwill363699
Intangible assets, net (excluding goodwill)3700
Deferred income tax assets541
Total noncurrent assets:58622523
Other undisclosed assets2,1282,1171,4561,360
TOTAL ASSETS:2,5162,4431,5851,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt236698
Total current liabilities:236698
Noncurrent Liabilities
Long-term debt and lease obligation175181  
Long-term debt, excluding current maturities175181  
Total noncurrent liabilities:175181  
Other undisclosed liabilities2,0982,0431,3481,166
Total liabilities:2,2762,2281,4141,264
Stockholders' equity
Stockholders' equity attributable to parent240215171152
Preferred stock2323  
Common stock89888991
Accumulated other comprehensive income (loss)384(2)
Retained earnings125967863
Total stockholders' equity:240215171152
TOTAL LIABILITIES AND EQUITY:2,5162,4431,5851,416

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues87857264
Net investment income87837064
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (12)(1)(0)
Gross profit:87737063
Operating expenses(9)(9)(6)(5)
Operating income:78646458
Interest and debt expense(8)(16)(19)(13)
Income from continuing operations before equity method investments, income taxes:70484545
Other undisclosed loss from continuing operations before income taxes(30)(23)(26)(28)
Income from continuing operations before income taxes:40242017
Income tax expense(7)(4)(3)(3)
Net income attributable to parent:32201614
Preferred stock dividends and other adjustments(2)(0)  
Other undisclosed net loss available to common stockholders, basic  (0) 
Net income available to common stockholders, diluted:31201614

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:32201614
Other comprehensive income (loss)  (1)0
Comprehensive income:32201515
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)57(1)
Comprehensive income, net of tax, attributable to parent:27252114

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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