Mercantile Bank: Liquidity and Borrowings
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Data as of · Call Report Schedules RC and RC-M How we update
Mercantile Bank reported all 15 line items on this page on its Q3 2026 filing. Cash and balances due from depository institutions was $522.9M in Q3 2026, up 9.6% from $477.0M in Q3 2025. That is 8.0% of its total assets. Across the 12 quarters shown it ranged from $130.5M (Q4 2023) to $525.3M (Q1 2026).
What the liquidity and borrowings page covers and where each line comes from.
Open the full liquidity and funding analysis: liquid assets and unrealized securities losses, loans against deposits, the uninsured, brokered and borrowed share of funding, the cost of funds and capital headroom, by quarter with asset-tier medians.
The standout move of Q3 2026 was in Cash and balances due from depository institutions: 83.5% higher than in Q2 2026, at $522.9M. Mercantile Bank ranks 22nd of 72 Michigan banks on loan-to-deposit ratio, in the upper half at 91.90% (Q3 2026). Mercantile Bank reported 91.90% on loan-to-deposit ratio for Q3 2026, 3.77 points above the 88.13% median for banks in the $1B-10B asset tier.
Liquid assets
| Line item | Q3 2026 |
|---|---|
| Cash and balances due from depository institutions | $522.9M |
| Cash and noninterest-bearing balances to assets | 8.01% |
| Cash and securities | $1.46B |
| Fed funds sold and reverse repos | $3.3M |
| Fed funds sold and reverse repos to assets | 0.05% |
Source: Call Report Schedules RC and RC-M. Open the filed call report for Q3 2026 on the FFIEC CDR.
Borrowed funds
| Line item | Q3 2026 |
|---|---|
| Fed funds purchased and repos | $197.5M |
| Other borrowed money | $305.3M |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 4.68% |
| Trading liabilities | $0 |
Source: Call Report Schedules RC and RC-M. Open the filed call report for Q3 2026 on the FFIEC CDR.
Funding structure
| Line item | Q3 2026 |
|---|---|
| Loan-to-deposit ratio | 91.90% |
| Net loans and leases to deposits | 90.86% |
| Loans and leases to core deposits | 98.07% |
| Core deposits to total deposits | 93.32% |
| Brokered deposits to total deposits | 0.39% |
Source: Call Report Schedules RC and RC-M. Open the filed call report for Q3 2026 on the FFIEC CDR.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q4 2023 | 110.26% | 87.83% | $229.7M | $467.9M |
| Q1 2024 | 107.79% | 87.37% | $228.6M | $447.1M |
| Q2 2024 | 107.13% | 87.90% | $221.9M | $427.1M |
| Q3 2024 | 102.45% | 88.68% | $220.9M | $417.1M |
| Q4 2024 | 97.89% | 87.91% | $121.5M | $387.1M |
| Q1 2025 | 98.98% | 88.82% | $242.1M | $366.2M |
| Q2 2025 | 99.90% | 88.02% | $242.8M | $356.2M |
| Q3 2025 | 95.78% | 88.86% | $251.5M | $346.2M |
| Q4 2025 | 94.68% | 89.28% | $232.3M | $326.2M |
| Q1 2026 | 92.10% | 90.49% | $219.5M | $315.3M |
| Q2 2026 | 96.44% | 91.93% | $217.5M | $305.3M |
| Q3 2026 | 91.90% | 93.32% | $197.5M | $305.3M |
Mercantile Bank liquidity and borrowings, quarter by quarter
Liquidity and Borrowings since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedules RC and RC-M, Q3 2026. How these pages are built. See the full Mercantile Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 34598) · FFIEC NIC profile (RSSD 2608754)