C
Mercantile Bank
Rating Date
March 2026
Risk Based
Capital Ratio
13.80
Leverage
Ratio
11.54
Return On
Assets
1.61%
Total
Assets
6.24B
Capital
725.80M
Total
Deposits
4.90B
Net
Income
98.71M
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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 1.60
Profitability Index 8.40
Stability Index 5.00
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 4.13%
5-Year Asset Growth 8.25%
5-Year Charge-Offs to Average Loans 0.00%
Charge-Offs to Average Loans 0.04%
Non-Performing Assets to Assets 0.24%
Non-Performing Loans to Capital 1.41%
Non-Performing Loans to Loans 0.32%
Balance Sheet Mercantile Bank
Grand Rapids, MI 		Click to
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Total Assets 6.24B
Total Deposits 4.90B
Capital and Reserves Mercantile Bank
Grand Rapids, MI 		Click to
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Capital 725.80M
Leverage Ratio 11.54
Loan Loss Reserves to Loans 1.20%
Risk-Based Capital Ratio 13.80
Liquidity Mercantile Bank
Grand Rapids, MI 		Click to
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Hot Money Ratio 12.33%
Liquidity Ratio 9.58%
Profitability Mercantile Bank
Grand Rapids, MI 		Click to
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5-Year Return on Average Assets 1.47%
Net Income 98.71M
Net Interest Spread 3.57%
Operating Profit to Average Assets 1.93%
Overhead Efficiency Ratio 50.71%
Return on Assets 1.61%
Return on Equity 13.83%