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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

5.73%Q2 ’105.52%Q2 ’115.07%Q2 ’12+5%-6%

Non-interest income vs. expense

2.92%Q2 ’102.85%Q2 ’112.50%Q2 ’12-1%-13%

Executive Summary

  • Earnings: ROA of 1.18%, up 2 bps year over year; NIM at 4.33%.
  • 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 (quarter, annualized)

1.18%+2 bps YoY

Net Interest Margin (quarter, annualized)

4.33%-26 bps YoY

Efficiency Ratio (quarter, annualized)

54.35%-403 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets1.16%1.18%0.99%0.97%1.18%+2 bps
Return on Equity11.17%11.25%9.22%9.18%11.06%-11 bps
Net Interest Margin4.59%4.55%4.35%4.31%4.33%-26 bps
Efficiency Ratio58.38%56.99%59.98%60.98%54.35%-403 bps
Non-Interest Burden2.56%2.48%2.51%2.54%2.23%-33 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%0.49%0.00%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