Mercantile Bank: Loan Portfolio
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Data as of · Call Report Schedule RC-C How we update
Mercantile Bank reported all 18 line items on this page on its Q3 2026 filing. Total loans and leases was $4.79B in Q3 2026, up 3.3% from $4.63B in Q3 2025. That is 73.3% of its total assets. Across the 12 quarters shown it ranged from $4.32B (Q4 2023) to $4.79B (Q3 2026).
What the loan portfolio page covers and where each line comes from.
The standout move of Q3 2026 was in Loan-to-deposit ratio: 4.54 percentage points lower than in Q2 2026, at 91.90%. Within Michigan, Mercantile Bank is 22nd of 72 on loan-to-deposit ratio, 91.90% as of Q3 2026. The median for banks in the $1B-10B asset tier is 88.13% on loan-to-deposit ratio. Mercantile Bank sits 3.77 points higher, at 91.90% (Q3 2026).
Loan totals
| Line item | Q3 2026 |
|---|---|
| Total loans and leases | $4.79B |
| Net loans and leases | $4.73B |
| Loans held for sale | $22.4M |
| Loans to total assets | 73.28% |
| Loan-to-deposit ratio | 91.90% |
| Net loans to equity capital | 6.65× |
Source: Call Report Schedule RC-C; Total loans and leases: Call Report Schedule RC-C, Part I, item 12 (RCON2122). Open the filed call report for Q3 2026 on the FFIEC CDR.
Portfolio mix (share of total loans)
| Line item | Q3 2026 |
|---|---|
| Commercial real estate (nonfarm nonresidential) | 36.77% |
| Multifamily (5+ residential) | 7.35% |
| Commercial and industrial | 23.71% |
| Consumer | 0.21% |
| Credit cards | 0.00% |
| Farm | 0.12% |
| Loans to depository institutions | 0.00% |
| State and political subdivisions | 0.71% |
Source: Call Report Schedule RC-C. Open the filed call report for Q3 2026 on the FFIEC CDR.
Concentration measures
| Line item | Q3 2026 |
|---|---|
| CRE concentration (Tier 1 capital + allowance) | 246.05% |
| Construction concentration (Tier 1 capital + allowance) | 51.60% |
Supervisory definition (FFIEC UBPR page 7B): construction and land development, multifamily, non-owner-occupied nonfarm nonresidential and unsecured CRE loans, over Tier 1 capital plus the allowance for credit losses. Owner-occupied CRE and farmland are excluded. The 2006 interagency guidance flags CRE above 300% of capital, or construction and development above 100%, for heightened supervisory scrutiny. These are screening thresholds, not limits.
Source: Call Report Schedule RC-C. Open the filed call report for Q3 2026 on the FFIEC CDR.
Loan earnings
| Line item | Q3 2026 |
|---|---|
| Yield on loans | 6.15% |
| Interest income on loans | $73.7M |
Source: Call Report Schedule RC-C. Open the filed call report for Q3 2026 on the FFIEC CDR.
Loan Portfolio by quarter
| Quarter | Total loans | Total deposits | Commercial real estate | Commercial and industrial | Consumer |
|---|---|---|---|---|---|
| Q4 2023 | $4.32B | $3.92B | 36.87% | 26.15% | 0.28% |
| Q1 2024 | $4.34B | $4.02B | 37.12% | 25.24% | 0.28% |
| Q2 2024 | $4.46B | $4.16B | 36.92% | 25.59% | 0.28% |
| Q3 2024 | $4.58B | $4.47B | 37.04% | 25.53% | 0.33% |
| Q4 2024 | $4.62B | $4.72B | 37.36% | 24.67% | 0.30% |
| Q1 2025 | $4.65B | $4.70B | 38.14% | 24.59% | 0.29% |
| Q2 2025 | $4.73B | $4.73B | 36.73% | 25.93% | 0.28% |
| Q3 2025 | $4.63B | $4.84B | 37.45% | 25.31% | 0.27% |
| Q4 2025 | $4.64B | $4.90B | 37.26% | 22.48% | 0.28% |
| Q1 2026 | $4.64B | $5.04B | 37.24% | 23.40% | 0.26% |
| Q2 2026 | $4.75B | $4.93B | 36.21% | 24.55% | 0.23% |
| Q3 2026 | $4.79B | $5.21B | 36.77% | 23.71% | 0.21% |
Mercantile Bank loan portfolio, quarter by quarter
Loan Portfolio since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedule RC-C, 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)