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Level One Bank

Farmington Hills, MI · Cert 58604

FDIC · 17 branches

Q1 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2022, the quarter ended March 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Level One Bank

Farmington Hills, MI · Cert 58604

FDIC · 17 branches

Q1 2022

$2.4BAssets
$1.7BLoans
$2.0BDeposits
$246.0MEquity
Loan mix
72%RE $975.4M28%C&I $378.5M0%Consumer $0.9MQ1 2021Q1 2022
Deposit mix
61%Interest-bearing $1.2B39%Noninterest $0.8BQ1 2021Q1 2022

NIM

4.23%Q1 ’203.47%Q1 ’213.15%Q1 ’22-4%-6%

Non-interest income vs. expense

3.07%Q1 ’202.40%Q1 ’213.33%Q1 ’22-44%+127%

Market Position · Detroit-Warren-Dearborn, MI · 2021 SOD (annual) · 0.9% share · #10 of 43 inst. · $1.7B of $202.0B

1.9% Oakland
2.2% Washtenaw
0.1% Wayne
0.2% Macomb

Executive Summary

  • Earnings: ROA of 0.22%, down 130 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.61% of loans (-22 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.31%, up 132 bps from a year ago.
  • Funding: loans stand at 84.87% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

0.22%-130 bps YoY

Net Interest Margin (YTD, annualized)

3.02%-21 bps YoY

Efficiency Ratio (YTD, annualized)

94.46%+3,975 bps YoY

Tier 1 Leverage Ratio

9.31%+132 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets1.52%1.38%1.45%1.40%0.22%-130 bps
Return on Equity16.18%14.52%15.01%14.23%2.13%-1,405 bps
Net Interest Margin3.22%3.18%3.27%3.21%3.02%-21 bps
Efficiency Ratio54.71%56.09%56.54%57.76%94.46%+3,975 bps
Non-Interest Burden1.23%1.38%1.44%1.48%2.80%+157 bps
Growth
Asset Growth (YoY)33.00%-1.26%4.12%3.08%-7.19%-4,019 bps
Loan Growth (YoY)26.71%-3.01%-8.90%-5.74%-11.84%-3,855 bps
Deposit Growth (YoY)43.81%12.26%5.37%3.05%-8.27%-5,208 bps
Asset Quality
Nonperforming Loans / Loans0.83%0.78%0.71%0.69%0.61%-22 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%-0.01%0 bps
Allowance / Loans1.20%1.30%1.25%1.29%1.30%+10 bps
Allowance Coverage of NPLs1.4x1.7x1.8x1.9x2.1x+0.7x
Capital
Tier 1 Leverage Ratio7.99%8.11%8.64%8.86%9.31%+132 bps
Total Risk-Based Capital13.62%13.66%13.80%14.37%14.33%+70 bps
Equity / Assets9.22%9.86%10.11%10.46%10.30%+108 bps
Liquidity & Funding
Loans / Deposits88.30%86.70%83.25%80.97%84.87%-344 bps
Liquid Assets / Assets7.05%7.03%10.34%11.94%7.85%+80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a