Mercantile Bank: Vital Signs
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Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
Mercantile Bank reported all 23 line items on this page on its Q3 2026 filing. CET1 capital ratio was 12.42% in Q3 2026, down 0.75 percentage points from 13.17% in Q3 2025. Across the 12 quarters shown it ranged from 12.42% (Q3 2026) to 13.17% (Q3 2025).
What the vital signs page covers and where each line comes from.
Loan-to-deposit ratio dropped 4.54 percentage points in Q3 2026, from 96.44% to 91.90%. It was the largest change from Q2 2026 among the key lines here. Within Michigan, Mercantile Bank is 23rd of 72 on return on assets, 1.59% as of Q3 2026. Mercantile Bank reported 1.59% on return on assets for Q3 2026, 0.29 points above the 1.30% median for banks in the $1B-10B asset tier.
Capital adequacy
| Line item | Q3 2026 |
|---|---|
| CET1 capital ratio | 12.42% |
| Tier 1 risk-based capital ratio | 12.42% |
| Total risk-based capital ratio | 13.38% |
| Tier 1 leverage ratio | 11.56% |
| Equity capital to assets | 10.90% |
| Tangible equity to tangible assets | 10.46% |
Source: Call Report Schedules RC, RC-N, RC-R and RI; CET1 capital ratio: Call Report Schedule RC-R, Part I (RCOAP793); Tier 1 risk-based capital ratio: Call Report Schedule RC-R, Part I (RCOA7206); Total risk-based capital ratio: Call Report Schedule RC-R, Part I (RCOA7205); Tier 1 leverage ratio: Call Report Schedule RC-R, Part I (RCOA7204). Open the filed call report for Q3 2026 on the FFIEC CDR.
Asset quality
| Line item | Q3 2026 |
|---|---|
| Nonperforming loans to loans | 0.18% |
| Nonperforming assets ratio | 0.13% |
| Net charge-off ratio | -0.02% |
| Texas ratio | 1.20% |
| Allowance for credit losses to loans | 1.13% |
| Reserve coverage of nonperforming loans | 622.60% |
Source: Call Report Schedules RC, RC-N, RC-R and RI. Open the filed call report for Q3 2026 on the FFIEC CDR.
Earnings
| Line item | Q3 2026 |
|---|---|
| Return on assets | 1.59% |
| Return on equity | 14.12% |
| Net interest margin | 3.76% |
| Efficiency ratio | 53.21% |
| Yield on earning assets | 5.54% |
| Cost of funds | 1.96% |
Source: Call Report Schedules RC, RC-N, RC-R and RI. Open the filed call report for Q3 2026 on the FFIEC CDR.
Liquidity and funding
| Line item | Q3 2026 |
|---|---|
| Loan-to-deposit ratio | 91.90% |
| Core deposits to total deposits | 93.32% |
| Brokered deposits to total deposits | 0.39% |
| Deposits to assets | 79.74% |
| Securities to assets | 14.30% |
Source: Call Report Schedules RC, RC-N, RC-R and RI. Open the filed call report for Q3 2026 on the FFIEC CDR.
Vital Signs by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | ROA |
|---|---|---|---|---|---|
| Q4 2023 | 12.43% | 12.43% | 13.42% | 12.23% | 1.69% |
| Q1 2024 | 12.78% | 12.78% | 13.79% | 12.28% | 1.80% |
| Q2 2024 | 12.80% | 12.80% | 13.86% | 12.22% | 1.55% |
| Q3 2024 | 12.82% | 12.82% | 13.89% | 11.99% | 1.55% |
| Q4 2024 | 12.92% | 12.92% | 13.94% | 11.86% | 1.43% |
| Q1 2025 | 12.94% | 12.94% | 13.99% | 11.79% | 1.48% |
| Q2 2025 | 12.82% | 12.82% | 13.88% | 11.98% | 1.67% |
| Q3 2025 | 13.17% | 13.17% | 14.25% | 11.75% | 1.70% |
| Q4 2025 | 12.77% | 12.77% | 13.80% | 11.54% | 1.58% |
| Q1 2026 | 12.78% | 12.78% | 13.79% | 11.57% | 1.52% |
| Q2 2026 | 12.59% | 12.59% | 13.54% | 11.61% | 1.70% |
| Q3 2026 | 12.42% | 12.42% | 13.38% | 11.56% | 1.59% |
Mercantile Bank vital signs, quarter by quarter
Vital Signs since Q3 2021 · peer percentiles on every line item · watchlist alerts
Unlock this bank, freeSource: Call Report Schedules RC, RC-N, RC-R and RI, 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)