Mercantile Bank

BankGrand Rapids, Michigan
www.mercbank.com

Total Assets

$6.2B

Total Deposits

$4.9B

Branches

41

Established

1997

TFS Health Grade

$
C+

79.5 / 100

Average financial health

How we grade

Mercantile Bank is a bank headquartered in Grand Rapids, Michigan, established in 1997. With $6.2B in total assets and 41 branch locations, it has a TFS Financial Health Grade of C+ (79.5/100).

Capital & Safety

Tier 1 Capital Ratio
11.54%(8%)
Total Capital Ratio
13.80%(10%)
Non-Performing Loan Ratio
0.15%

Profitability

Return on Assets (ROA)
1.61%(1%)
Return on Equity (ROE)
13.86%(10%)
Net Interest Margin
3.62%
Efficiency Ratio
50.71%(60%)

Lending & Liquidity

Total Loans
$4.6B
Loan-to-Deposit Ratio
93.54%
Net Charge-Off Ratio
0.04%

Growth

Asset Growth (YoY)
+4.13%
Deposit Growth (YoY)
+3.82%
Net Income
$98.7M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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