Vitals
  • Total Assets
    3.1B 6.2 %
  • Total Deposits
    2.4B 4.3 %
  • Total Net Loans
    2.4B 4.4 %
  • Net Income
    33.2M 11.5 %
  • Book Value
    365.3M -0.8 %
  • Book Value x2
    730.6M -0.8 %
  • Book Value x3
    1.1B -0.8 %
ROAA

1.119

ROAE

8.99

Efficiency Ratio

58.963

Net Interest Margin

3.913

Balance Sheet Highlights
Financial Highlights Mercantile Bank Of Michigan All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 3,062,597 330,697
Total Net Loans 2,360,659 227,599
Total Deposits 2,379,242 278,247
Total Equity 365,292 33,935
Profitability
Net Income 33,182 3,589
Return on Average Assets 1.119 .954
Return on Average Equity 8.99 8.772
Net Interest Margin 3.913 3.821
Efficiency Ratio 58.963 71.925
Noninterest Income/Revenue 13.207 24.061
Balance Sheet Ratios
Loan-to-Deposit 99.219 76.845
Securities/Assets .107 .16
Total Equity/Total Assets .119 .103
Tangible Equity/Tangible Assets .104 .098
Capital Adequacy
Tier 1 Common Capital 335,224 32,553
Tier 1 Capital 335,224 32,664
Tier 2 Capital 17,961 2,479
Total Capital 353,185 35,133
Total Risk Weighted Assets 2,697,492 242,208
Leverage Ratio 11.14 10.341
Common Equity Tier 1 Capital Ratio 12.43 15.339
Tier 1 Capital Ratio 12.43 15.393
Total Capital Ratio 13.09 16.423

Timeline for Mercantile Bank Of Michigan

Firstbank

Acquisition: Mercantile Bank Of Michigan acquired a new subsidiary, Firstbank, 9 years

View Profile Jul 01 2014

Keystone Community Bank

Acquisition: Mercantile Bank Of Michigan acquired a new subsidiary, Keystone Community Bank, 9 years

View Profile Jul 01 2014

1St Investors Title Agency, Llc

1St Investors Title Agency, Llc became a new subsidiary organization for Mercantile Bank Of Michigan.

View Profile Jul 01 2014

Mercantile Bank Mortgage Company, Llc

Mercantile Bank Mortgage Company, Llc became a new subsidiary organization for Mercantile Bank Of Michigan.

View Profile Jan 01 2004

Mercantile Bank Real Estate Co, Llc

Mercantile Bank Real Estate Co, Llc became a new subsidiary organization for Mercantile Bank Of Michigan.

View Profile Dec 31 2003

Want to see more?

Complete timeline for Mercantile Bank Of Michigan is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Firstbank Seller 1,247,618 Acquisition Discontinued 7/1/2014
Keystone Community Bank Seller 250,224 Acquisition Discontinued 7/1/2014
Relationships Role Relationship Start Relationship End
Mercantile Bank Corporation Parent 12/15/1997
Mercantile Bank Real Estate Co, Llc Subsidary 12/31/2003
Mercantile Insurance Center, Inc. Subsidary 6/30/2007
1St Investors Title Agency, Llc Subsidary 7/1/2014 8/13/2015
Mercantile Bank Mortgage Company, Llc Subsidary 1/1/2004 12/31/2012
Mercantile Insurance Center, Inc. Subsidary 12/31/2003 6/29/2007
Mercantile Bidco, Inc Subsidary 1/29/2002 1/1/2006
Mercantile Bank Mortgage Company Subsidary 10/24/2000 12/31/2003
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