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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.36% | 1.80% | 1.22% | 1.64% | 1.55% | -4.04% | 1.39% | 1.45% | -19 bps | |
| Return on Equity | 16.58% | 20.22% | 12.95% | 16.45% | 15.53% | -30.36% | 8.21% | 8.34% | -811 bps | |
| Net Interest Margin | 3.33% | 4.15% | 3.64% | 3.86% | 3.91% | -12.32% | 4.44% | 4.55% | +69 bps | |
| Efficiency Ratio | 56.39% | 53.08% | 63.65% | 58.15% | 56.87% | n/a | 49.07% | 48.14% | -1,001 bps | |
| Non-Interest Burden | 1.73% | 1.99% | 2.19% | 2.09% | 2.04% | -6.27% | 2.45% | 2.46% | +38 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 | -0.12% | -0.14% | 0.02% | -0.02% | -0.01% | 0.01% | -0.10% | -0.03% | -1 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 | |