Mercantile Bank
| Weiss Ratings |
Mercantile Bank
Grand Rapids, MI |
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| Rating | ||||
| Asset Quality Index | 8.20 | |||
| Capitalization Index | 10.00 | |||
| Liquidity Index | 1.60 | |||
| Profitability Index | 8.30 | |||
| Stability Index | 5.00 | |||
| Company Info |
Mercantile Bank
Grand Rapids, MI |
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| FDIC Number | 34598 | |||
| Phone Number | (616) 242-7760 | |||
| Website | www.mercbank.com | |||
| Asset Quality |
Mercantile Bank
Grand Rapids, MI |
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| 1-Year Asset Growth | 6.34% | |||
| 5-Year Asset Growth | 13.16% | |||
| 5-Year Charge-Offs to Average Loans | 0.00% | |||
| Charge-Offs to Average Loans | -0.02% | |||
| Non-Performing Assets to Assets | 0.30% | |||
| Non-Performing Loans to Capital | 1.80% | |||
| Non-Performing Loans to Loans | 0.40% | |||
| Balance Sheet |
Mercantile Bank
Grand Rapids, MI |
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| Total Assets | 6.23B | |||
| Total Deposits | 4.84B | |||
| Capital and Reserves |
Mercantile Bank
Grand Rapids, MI |
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| Capital | 735.95M | |||
| Leverage Ratio | 11.75 | |||
| Loan Loss Reserves to Loans | 1.28% | |||
| Risk-Based Capital Ratio | 14.25 | |||
| Liquidity |
Mercantile Bank
Grand Rapids, MI |
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| Hot Money Ratio | 12.04% | |||
| Liquidity Ratio | 10.24% | |||
| Profitability |
Mercantile Bank
Grand Rapids, MI |
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| 5-Year Return on Average Assets | 1.47% | |||
| Net Income | 74.05M | |||
| Net Interest Spread | 3.57% | |||
| Operating Profit to Average Assets | 1.92% | |||
| Overhead Efficiency Ratio | 50.40% | |||
| Return on Assets | 1.62% | |||
| Return on Equity | 13.95% | |||