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Mercantile Bank and Trust Company

Boston, MA · Cert 27335

FDIC

Q2 2012

$198.0MAssets
$188.0MLoans
$168.7MDeposits
$21.3MEquity
Loan mix
33%RE $56.9M67%C&I $116.1M0%Consumer $0.4MQ2 2011Q2 2012
Deposit mix
73%Interest-bearing $123.7M27%Noninterest $45.0MQ2 2011Q2 2012

NIM

5.66%Q2 ’105.44%Q2 ’115.02%Q2 ’12+6%-6%

Non-interest income vs. expense

2.93%Q2 ’102.84%Q2 ’112.61%Q2 ’12-2%-8%

Executive Summary

  • Earnings: ROA of 1.08%, down 7 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 111.43% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

1.08%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.27%-27 bps YoY

Efficiency Ratio (YTD, annualized)

57.60%-125 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets1.15%1.16%1.11%0.97%1.08%-7 bps
Return on Equity11.01%11.04%10.58%9.18%10.13%-88 bps
Net Interest Margin4.54%4.45%4.27%4.31%4.27%-27 bps
Efficiency Ratio58.85%58.22%58.67%60.98%57.60%-125 bps
Non-Interest Burden2.56%2.48%2.40%2.54%2.35%-20 bps
Growth
Asset Growth (YoY)7.29%10.47%14.66%16.26%10.70%+341 bps
Loan Growth (YoY)10.84%11.72%9.81%16.15%13.71%+287 bps
Deposit Growth (YoY)9.28%12.35%15.69%23.22%11.74%+246 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.16%0.12%0.00%0.00%0 bps
Allowance / Loans1.04%0.94%0.98%0.96%0.98%-6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.25%13.85%13.93%13.36%13.50%+25 bps
Equity / Assets10.28%10.74%10.62%10.59%10.74%+46 bps
Liquidity & Funding
Loans / Deposits109.51%108.80%106.68%110.04%111.43%+193 bps
Liquid Assets / Assets0.11%5.37%7.23%3.78%2.98%+287 bps
CRE / Total Capitaln/an/an/an/an/an/an/a