Vitals
  • Total Assets
    5.7B -2.5 %
  • Total Deposits
    3.7B 2.3 %
  • Total Net Loans
    4.0B 6.6 %
  • Net Income
    21.2M -13.7 %
  • Book Value
    825.6M 0.7 %
  • Book Value x2
    1.7B 0.7 %
  • Book Value x3
    2.5B 0.7 %
ROAA

.75

ROAE

4.969

Efficiency Ratio

62.666

Net Interest Margin

3.339

Balance Sheet Highlights
Financial Highlights Mercantile Bank All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 5,658,971 269,597
Total Net Loans 3,996,587 193,255
Total Deposits 3,664,207 215,260
Total Equity 825,698 29,356
Profitability
Net Income 21,217 2,768
Return on Average Assets .75 1.029
Return on Average Equity 4.969 10.704
Net Interest Margin 3.339 4.109
Efficiency Ratio 62.666 79.425
Noninterest Income/Revenue 12.896 10.376
Balance Sheet Ratios
Loan-to-Deposit 109.071 88.161
Securities/Assets .151 .345
Total Equity/Total Assets .146 .109
Tangible Equity/Tangible Assets .064 -.078
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 386,336 27,004
Tier 2 Capital 134,435 2,523
Total Capital 520,771 29,604
Total Risk Weighted Assets 4,558,639 211,278
Leverage Ratio 7.4 12.378
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 8.47 16.826
Total Capital Ratio 11.42 17.936

Timeline for Mercantile Bank

Carolina First Bank

Mercantile Bank was acquired by Carolina First Bank 16 years

View Profile Jul 01 2007

Bowditch Insurance Corporation

Bowditch Insurance Corporation became a new subsidiary organization for Mercantile Bank.

View Profile Jun 06 2005

Pointe Bank

Acquisition: Mercantile Bank acquired a new subsidiary, Pointe Bank, 18 years

View Profile May 06 2005

Will No-No, Inc.

Will No-No, Inc. became a new subsidiary organization for Mercantile Bank.

View Profile May 06 2005

Koss Olinger & Company, Inc.

Koss Olinger & Company, Inc. became a new subsidiary organization for Mercantile Bank.

View Profile Apr 04 2005

Want to see more?

Complete timeline for Mercantile Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Carolina First Bank Buyer 11,577,485 Pooling of Interests Discontinued 7/1/2007
Pointe Bank Seller 428,032 Acquisition Discontinued 5/6/2005
Florida Bank, National Association Seller 1,026,978 Acquisition Discontinued 7/16/2004
Cnb National Bank Seller 847,355 Acquisition Discontinued 7/16/2004
Central Bank Of Tampa Seller 223,175 Acquisition Discontinued 1/1/2003
Mercantile Bank Seller 524,978 Acquisition Discontinued 9/1/2002
Citizens First National Bank Seller 60,716 Pooling of Interests Discontinued 7/1/1999
Relationships Role Relationship Start Relationship End
South Financial Group, Inc., The Parent 7/1/1999 6/30/2007
First Commerce Banks Of Florida, Inc. Parent 9/13/1989 4/30/1995
Floreit, Inc. Subsidary 9/19/2001 6/30/2007
Flaresco, Inc. Subsidary 10/6/2003 6/30/2007
Cnb Properties, Inc. Subsidary 6/30/2007 6/30/2007
Koss Olinger & Company, Inc. Subsidary 6/30/2007 6/30/2007
Koss-Olinger Consulting, Inc. Subsidary 6/30/2007 6/30/2007
Bowditch Insurance Corporation Subsidary 6/30/2007 6/30/2007
Cnb Properties, Inc. Subsidary 7/16/2004 6/29/2007
Koss Olinger & Company, Inc. Subsidary 4/4/2005 6/29/2007
Koss-Olinger Consulting, Inc. Subsidary 4/4/2005 6/29/2007
Bowditch Insurance Corporation Subsidary 6/6/2005 6/29/2007
Will No-No, Inc. Subsidary 5/6/2005 6/1/2005
Citrus Reit Corporation Subsidary 7/19/2001 9/18/2001
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