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 Mercantile Bank
Mercantile Bank
| RSSD ID 2608754 | CERTIFICATE 34598 | ABA NUMBER 72413829 |
| 310 Leonard St Nw |
Quarter Ended : |
2025-03-31 |
| Grand Rapids, Michigan, 49504 |
Updated : |
2025-04-30 |
| www.mercbank.com |
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| Institution Profile |
| Year Opened : |
1997 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
43 |
Number of Employees : |
662 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 6,073,612 |
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Total Interest Income | 80,338 |
| Total Liabilities | 5,376,921 |
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Total NonInterest Income | 8,652 |
| Total Bank Equity Capital | 696,691 |
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Total Interest Expense | 29,999 |
| Total Deposits | 4,699,650 |
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Total NonInterest Expense | 30,201 |
| Net Loans & Leases | 4,579,882 |
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Net Income | 22,251 |
| Loan Loss Allowance | 56,666 |
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Net Charge Offs | (112) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 762,135 |
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Total loans | 4,626,750 |
| Total assets for the leverage ratio | 5,982,830 |
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Loans secured by real estate: | 3,373,859 |
| Tier 1 Leverage Ratio | 11.79 |
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Commercial and industrial loans | 1,156,739 |
| Tier 1 Capital Ratio | 12.94 |
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Loans to individuals - Credit Cards | 1,065 |
| Total Capital Ratio | 13.99 |
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Loans to individuals - Other | 11,926 |
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:· Mercantile Bank
