Croswell, MI · Cert 982 · Mercantile Bank Corp.
State charter, Fed member · FED · 12 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
80
Asset Quality
71
Profitability
69
Liquidity
0
Efficiency
65
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Croswell, MI · Cert 982 · Mercantile Bank Corp.
State charter, Fed member · FED · 1 affiliate bank · 12 branches (52 in holding)
Q2 2026
Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.1% share · #22 of 37 inst. · $0.2B of $183.9B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.20% | 1.35% | 1.22% | 1.42% | 1.45% | 0.00% | 1.39% | 1.42% | -1 bps | |
| Return on Equity | 15.54% | 16.91% | 12.95% | 14.74% | 14.99% | 0.00% | 8.21% | 8.27% | -646 bps | |
| Net Interest Margin | 3.19% | 3.66% | 3.64% | 3.77% | 3.77% | 0.00% | 4.44% | 4.55% | +78 bps | |
| Efficiency Ratio | 58.76% | 57.15% | 63.65% | 60.83% | 59.46% | n/a | 49.07% | 48.60% | -1,223 bps | |
| Non-Interest Burden | 1.73% | 1.92% | 2.19% | 2.15% | 2.09% | 0.00% | 2.45% | 2.49% | +34 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.82% | -3.53% | -9.19% | -9.69% | 2.09% | 9.79% | 10.81% | 9.73% | +1,941 bps | |
| Loan Growth (YoY) | 8.10% | 3.61% | -4.64% | -6.25% | -6.10% | -7.42% | -2.01% | -6.72% | -47 bps | |
| Deposit Growth (YoY) | -1.70% | -5.44% | -2.32% | -2.63% | 0.77% | 0.91% | 2.05% | 0.66% | +329 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.90% | 0.87% | 0.92% | 0.47% | 0.51% | 0.50% | 0.38% | 0.63% | +16 bps | |
| Net Charge-Offs / Loans | -0.05% | -0.07% | 0.02% | 0.00% | 0.00% | 0.00% | -0.10% | -0.07% | -6 bps | |
| Allowance / Loans | 1.31% | 1.27% | 1.31% | 1.17% | 1.20% | 1.18% | 1.19% | 1.16% | 0 bps | |
| Allowance Coverage of NPLs | 1.5x | 1.5x | 1.4x | 2.5x | 2.4x | 2.4x | 3.1x | 1.8x | -0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.94% | 10.17% | 10.38% | 10.77% | 10.86% | 10.74% | 10.45% | 11.99% | +121 bps | |
| Total Risk-Based Capital | 14.60% | 15.91% | 16.93% | 17.58% | 18.93% | 16.41% | 17.84% | 20.29% | +271 bps | |
| Equity / Assets | 8.69% | 9.12% | 9.67% | 10.22% | 9.79% | 16.75% | 17.06% | 17.66% | +744 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 44.23% | 46.71% | 43.88% | 46.22% | 41.22% | 42.85% | 42.13% | 42.83% | -339 bps | |
| Liquid Assets / Assets | 22.42% | 24.09% | 26.54% | 25.32% | 34.15% | 17.02% | 18.30% | 18.35% | -697 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 149.32% | 159.99% | 151.45% | n/a | n/a | |
Croswell, MI · Cert 982 · Peer group: banks under $1B in assets (n=581-629) · Mercantile Bank Corp.
State charter, Fed member · FED · 1 affiliate bank · 12 branches (52 in holding)
Q2 2026
Return on Assets
1.45%
Rank 158 of 629
Net Interest Margin
4.55%
Rank 60 of 629
Efficiency Ratio
62.45%
Rank 220 of 629
Equity / Assets
17.66%
Rank 97 of 629
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 1.45% | 0.60% | 1.01% | 1.45% | Beats 75% | 158 / 629 | ||
| Return on Equity | 8.19% | 5.38% | 9.30% | 13.28% | Beats 41% | 368 / 629 | ||
| Net Interest Margin | 4.55% | 3.03% | 3.54% | 4.05% | Beats 90% | 60 / 629 | ||
| Efficiency Ratio | 62.45% | 58.35% | 67.79% | 79.08% | Beats 65% | 220 / 629 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.63% | 0.09% | 0.46% | 1.20% | Beats 42% | 340 / 581 | ||
| Net Charge-Offs / Loans | 0.00% | n/a | 0.01% | 0.06% | Beats 100% | 158 / 581 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 19.57% | 11.24% | 13.84% | 18.77% | Beats 77% | 144 / 629 | ||
| Total Risk-Based Capital Ratio | 20.29% | 11.58% | 14.43% | 19.66% | Beats 77% | 145 / 629 | ||
| Equity / Assets | 17.66% | 9.09% | 10.65% | 13.80% | Beats 85% | 97 / 629 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 42.83% | 67.24% | 80.90% | 93.48% | 7th pctl | 550 / 594 | ||
| Loans / Assets | 35.09% | 53.31% | 67.71% | 78.15% | 13th pctl | 549 / 629 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||