MERCANTILE BANK

GRAND RAPIDS, MI | Large | Est. Dec. 15, 1997, midnight | FDIC #34598 | RSSD #2608754 | FDIC
Latest Report: 2025-12-31

MERCANTILE BANK is aln large FDIC-insured commercial bank headquartered in GRAND RAPIDS, MI, established in Dec. 15, 1997, midnight. As of 2025-12-31, the bank reported total assets of $6.2B and total deposits of $4.9B. Profitability stands at 1.58% ROA and 13.49% ROE, with a net interest margin of 3.67%. The bank's CET1 capital ratio is 12.77%, well above the regulatory minimum. Asset quality metrics show a non-performing loan ratio of 0.15% and a Texas Ratio of 0.88%. FDIC Certificate #34598.

Assets

$6.2B

Deposits

$4.9B

Loans

$4.6B

Equity

$726M

Profitability

Return on Assets (ROA) 1.58%
Return on Equity (ROE) 13.49%
Net Interest Margin (NIM) 3.67%
Yield on Assets 5.73%
Cost of Funds 3.27%

Asset Quality

NPL Ratio 0.15%
Net Charge-Off Ratio 0.04%
Texas Ratio 0.88%
NPA Ratio 0.11%
ACL / Loans 1.20%

Capital & Liquidity

CET1 Ratio 12.77%
Tier 1 Capital 12.77%
Total Capital Ratio 13.80%
Leverage Ratio 11.54%
Loan-to-Deposit 94.68%

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