Mercantile Bank
Grand Rapids, MI · Cert 34598 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Mercantile Bank Corp.
State charter, non-member · FDIC · 1 affiliate bank · 40 branches (52 in holding)
Q2 2026
$6.2BAssets
$4.8BLoans
$4.9BDeposits
$731.4MEquity
Executive Summary
- Strongest standing: net charge-offs / loans outperforms 94% of banks $1B-$10B in assets operating in a single state (rank 20 of 258).
- Widest gap: net interest margin trails 59% of banks $1B-$10B in assets operating in a single state (rank 152 of 258).
- Overall: at or above the peer median on 6 of 9 directional measures.
Return on Assets
1.62%
Rank 49 of 258
Net Interest Margin
3.36%
Rank 152 of 258
Efficiency Ratio
54.86%
Rank 89 of 257
Equity / Assets
11.72%
Rank 66 of 258
Non-interest income vs. expense
Unfavorable gap of $96.0M · efficiency ratio beats 66% of banks $1B-$10B in assets operating in a single state | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.62% | 0.93% | 1.23% | 1.54% | Beats 81% | 49 / 258 | | |
| Return on Equity | 13.83% | 9.26% | 11.84% | 14.74% | Beats 67% | 86 / 258 | | |
| Net Interest Margin | 3.36% | 3.16% | 3.49% | 3.88% | Beats 41% | 152 / 258 | | |
| Efficiency Ratio | 54.86% | 51.71% | 60.30% | 69.65% | Beats 66% | 89 / 257 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.10% | 0.19% | 0.46% | 0.90% | Beats 88% | 33 / 258 | | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | 0.02% | 0.07% | Beats 94% | 20 / 258 | | |
| Capital |
| Tier 1 Capital Ratio | 12.59% | 11.41% | 12.98% | 15.12% | Beats 43% | 147 / 258 | | |
| Total Risk-Based Capital Ratio | 13.54% | 12.10% | 13.91% | 16.08% | Beats 44% | 145 / 258 | | |
| Equity / Assets | 11.72% | 9.09% | 10.24% | 11.72% | Beats 74% | 66 / 258 | | |
| Liquidity & Funding |
| Loans / Deposits | 96.44% | 73.24% | 86.34% | 95.95% | 76th pctl | 61 / 258 | | |
| Loans / Assets | 76.16% | 63.01% | 72.27% | 78.40% | 64th pctl | 92 / 258 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |