Mercantile Bank and Trust Company

Mercantile Bank and Trust Company Locations

61-65 Brookline Avenue
Boston, MA 2215
617.247.2800
www.mercantileboston.com

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Mercantile Bank and Trust Company is headquartered in Boston and is the 116^st largest bank in the state of Massachusetts. It is also the 3,163^rd largest bank in the nation. It was established in 1988 and as of March of 2012, it had grown to 36 employees at 3 locations. Mercantile Bank and Trust Company has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Mercantile Bank and Trust Company Checking Account Rates

Apy	Min	Max	Product
0.50%	-	-	Non-Profit Free Interest Checking
0.30%	$2,500	-	Premium Interest Checking
0.10%	-	-	50+ Free Interest Checking
0.10%	-	-	Direct Deposit Free Interest Checking

Mercantile Bank and Trust Company Savings Account Rates

Apy	Min	Max	Product
0.60%	$75k	-	Relationship Savings Account
0.20%	-	-	Passbook Savings Account
0.20%	-	-	Statement Savings Account
0.20%	-	-	Holiday Club Account
0.20%	-	-	All Purpose Club Account

Mercantile Bank and Trust Company Money Market Rates

Apy	Min	Max	Product
0.60%	$100k	-	Personal Money Market
0.60%	$100k	-	Commercial Money Market

Mercantile Bank and Trust Company CD Rates

Apy	Min	Max	Product
1.65%	$1k	-	60 Month CD
1.40%	$1k	-	48 Month CD
1.25%	$1k	-	36 Month CD
1.15%	$1k	-	36 Month Bump-Up CD
1.00%	$1k	-	24 Month CD
0.90%	$1k	-	24 Month Bump-Up CD
0.65%	$1k	-	18 Month CD
0.55%	$1k	-	12 Month CD
0.55%	$1k	-	18 Month Bump-Up CD
0.35%	$1k	-	6 Month CD
0.25%	$1k	-	31-181 Day CD

Mercantile Bank and Trust Company IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month IRA
1.65%	$500	-	60 Month Roth IRA
1.40%	$500	-	48 Month IRA
1.40%	$500	-	48 Month Roth IRA
1.25%	$500	-	36 Month IRA
1.25%	$500	-	36 Month Roth IRA
1.15%	$500	-	36 Month Bump-Up IRA
1.15%	$500	-	36 Month Bump-Up Roth IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	24 Month Roth IRA
0.90%	$500	-	24 Month Bump-Up IRA
0.90%	$500	-	24 Month Bump-Up Roth IRA
0.65%	$500	-	18 Month IRA
0.65%	$500	-	18 Month Roth IRA
0.55%	$500	-	12 Month IRA
0.55%	$500	-	18 Month Bump-Up IRA
0.55%	$500	-	12 Month Roth IRA
0.55%	$500	-	18 Month Bump-Up Roth IRA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.25%	$500	-	31-181 Day IRA
0.25%	$500	-	31-181 Day Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Mercantile Bank and Trust Company
FDIC Certificate #	27335
BankRate Report	View
Year Established	1988
Employees	36
Primary Regulator	FED
Assets and Liabilities
Assets	$196.84 million
Loans	$182.12 million
Deposits	$167.11 million
Equity Capital	$20.84 million
Loan Loss Allowance	$1.76 million
Historic Data - March 2011
Assets	$169.31 million
Equity Capital	$17.85 million
Loan Loss Allowance	$1.66 million
Unbacked Noncurrent Loans	$626,000
Profit Margin - Quarterly
Net Interest Margin	4.47%
Return on Assets	0.97%
Return on Equity	9.18%
Interest Income	$2.47 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Mercantile Bank and Trust Company had $0 in non-current loans and owned real-estate with $22.6 million in equity and loan loss allowances on hand to cover it. This gives Mercantile Bank and Trust Company a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth
In the past year, Mercantile Bank and Trust Company has increased its total deposits by $31.5 million, resulting in 23.22% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mercantile Bank and Trust Company has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mercantile Bank and Trust Company has $196.84 million in assets with $22.6 million in equity, resulting in a capitalization level of 11.48%, which is above average.

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