Level One Bancorp Inc
Financials · State Commercial Banks · MI · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $9.0M | $4.1M | $16.1M | $14.4M | $9.8M |
| Total assets | $2.52B | $2.44B | $1.58B | $1.42B | $1.30B |
| Total liabilities | $2.28B | $2.23B | $1.41B | $1.26B | $1.19B |
| Equity | $240.1M | $215.3M | $170.7M | $151.8M | $108.0M |
| EPS (diluted) | $1.10 | $0.53 | $2.05 | $1.91 | $1.49 |
| Shares out. | 7.6M | 7.7M | 7.7M | 7.8M | 6.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- —
- Net margin
- —
- Return on equity
- 3.7%
- Return on assets
- 0.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 90.5%
- Debt / equity
- 9.48×
- Book value / share
- $31.49
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 118.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Accruals / assets
- −1.8%clean
- Piotroski F-Score
- 6/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 2 good- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Other material eventMar 16, 2022
- Shareholder voteMar 1, 2022
- Results of operationsJan 28, 2022
- Other material eventJan 19, 2022
- Other material eventDec 15, 2021
- Entered a material agreement · Regulation FD disclosureNov 4, 2021
- Results of operationsOct 29, 2021
- Other material eventOct 20, 2021
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.