BanksMERCANTILE BANK

MERCANTILE BANK

GRAND RAPIDS, MILargeEst. Dec. 15, 1997, midnightFDIC #34598RSSD #2608754FDIC
Latest · 2025-12-31

MERCANTILE BANK is an 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%. CET1 capital ratio: 12.77%, well above regulatory minimums. NPL ratio: 0.15% · Texas Ratio: 0.88%. Operates 41 domestic branches.

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 Margin3.67%
Yield on Assets5.73%
Cost of Funds2.27%

Asset Quality

NPL Ratio0.15%
Net Charge-Off Ratio0.04%
Texas Ratio0.88%
NPA Ratio0.11%
ACL / Loans1.20%

Capital & Liquidity

CET1 Ratio12.77%
Tier 1 Capital12.77%
Total Capital Ratio13.80%
Leverage Ratio11.54%
Loan-to-Deposit94.68%

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