C
Mercantile Bank
Rating Date
August 2026
Risk Based
Capital Ratio
13.54
Leverage
Ratio
11.61
Return On
Assets
1.61%
Total
Assets
6.24B
Capital
731.37M
Total
Deposits
4.93B
Net
Income
50.57M
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Weiss Ratings Mercantile Bank
Grand Rapids, MI 		Click to
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Rating C
Asset Quality Index 8.20
Capitalization Index 10.00
Liquidity Index 1.10
Profitability Index 8.10
Stability Index 4.30
Company Info Mercantile Bank
Grand Rapids, MI 		Click to
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FDIC Number 34598
Phone Number (616) 242-7760
Website www.mercbank.com
Asset Quality Mercantile Bank
Grand Rapids, MI 		Click to
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1-Year Asset Growth 2.17%
5-Year Asset Growth 8.25%
5-Year Charge-Offs to Average Loans 0.01%
Charge-Offs to Average Loans -0.03%
Non-Performing Assets to Assets 0.28%
Non-Performing Loans to Capital 1.42%
Non-Performing Loans to Loans 0.37%
Balance Sheet Mercantile Bank
Grand Rapids, MI 		Click to
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Total Assets 6.24B
Total Deposits 4.93B
Capital and Reserves Mercantile Bank
Grand Rapids, MI 		Click to
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Capital 731.37M
Leverage Ratio 11.61
Loan Loss Reserves to Loans 1.12%
Risk-Based Capital Ratio 13.54
Liquidity Mercantile Bank
Grand Rapids, MI 		Click to
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Hot Money Ratio 12.24%
Liquidity Ratio 7.11%
Profitability Mercantile Bank
Grand Rapids, MI 		Click to
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5-Year Return on Average Assets 1.55%
Net Income 50.57M
Net Interest Spread 3.53%
Operating Profit to Average Assets 1.94%
Overhead Efficiency Ratio 54.86%
Return on Assets 1.61%
Return on Equity 13.91%