Mercantile Bank (IL)

200 North 33rd Street
Quincy, IL 62301
www.mercantilebk.com

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Mercantile Bank (IL) is headquartered in Quincy and is the 97^th largest bank in the state of Illinois. It is also the 1,582^nd largest bank in the nation. It was established in 1906 and as of December of 2012, it had grown to 127 employees at 5 locations. Mercantile Bank (IL) has a 2-star health rating.

3.29% 60-Month CD & IRA CD At Mercantile Bank In MO, IL & IN (Forum) - 7/10/2010

Mercantile Bank has some competitive long-term CD and IRA CD rates as of 7/10/10: 3.29% APY 60-month CD and IRA CD 2.88% APY 48-month CD and IRA CD 2.57% APY 36-month CD and IRA CD Minimum deposit is $500. A branch visit appears to be required to

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

Mercantile Bank (IL) Checking Account Rates

Apy	Min	Max	Product
0.20%	$100	-	eBanking Checking Account
0.05%	$100	-	M Class Checking
0.05%	$100	-	NOW Checking
0.05%	$1,500	-	Business NOW Checking

Mercantile Bank (IL) Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Corporate Earnings Credit Rate
0.15%	$100	-	Blue Moon Savings
0.15%	$100	-	Health Savings Account
0.15%	$100	-	M-Class SSA (Safety Sweep Account)
0.15%	$10k	-	Business Savings
0.05%	$25	-	Pennywise Savings
0.05%	$50	-	DreamBuilder Savings

Mercantile Bank (IL) Money Market Rates

Apy	Min	Max	Product
0.15%	$50k	-	Star Money Market
0.15%	$150k	-	Business Money Market

Mercantile Bank (IL) CD Rates

Apy	Min	Max	Product
1.21%	$1k	-	60 Month CD
1.01%	$1k	-	48 Month CD
1.01%	$100	-	48 Month College Saver CD
0.70%	$1k	-	36 Month CD
0.45%	$1k	-	30 Month CD
0.43%	$1k	-	24 Month CD
0.43%	$100	-	24 Month College Saver CD
0.40%	$1k	-	18 Month CD
0.40%	$100	-	18 Month Back to Savings CD
0.30%	$1k	-	12 Month CD
0.20%	$1k	-	182 Day CD
0.20%	$1k	-	9 Month CD
0.15%	$1k	-	92-181 Day CD
0.10%	$1k	-	91 Day CD
0.05%	$1k	-	1-31 Day CD
0.05%	$1k	-	32 Day CD

Mercantile Bank (IL) IRA Rates

Apy	Min	Max	Product
1.21%	$500	-	60 Month Roth IRA
1.01%	$500	-	48 Month IRA
0.70%	$500	-	36 Month IRA
0.45%	$500	-	30 Month IRA
0.43%	$500	-	24 Month IRA
0.40%	$25	-	18 Month IRA
0.30%	$500	-	1-11 Month Investor's IRA (less than 12 month term)
0.30%	$500	-	12 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Mercantile Bank
FDIC Certificate #	11301
BankRate Report	View
Year Established	1906
Employees	127
Primary Regulator	FDIC
Assets and Liabilities
Assets	$420.73 million
Loans	$245.63 million
Deposits	$372.92 million
Equity Capital	$28.94 million
Loan Loss Allowance	$6.77 million
Unbacked Noncurrent Loans	$8.16 million
Real Estate Owned	$5.47 million
Historic Data - December 2011
Assets	$627.02 million
Equity Capital	$35.69 million
Loan Loss Allowance	$11.27 million
Unbacked Noncurrent Loans	$13.27 million
Real Estate Owned	$13.29 million
Profit Margin - Quarterly
Net Interest Margin	2.58%
Return on Assets	-1.32%
Return on Equity	-19.83%
Interest Income	$17.09 million

Institution Health

Overall Score:

2 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 December 31, 2012 Mercantile Bank (IL) had $13.63 million in non-current loans and owned real-estate with $35.71 million in equity and loan loss allowances on hand to cover it. This gives Mercantile Bank (IL) a Texas Ratio of 38.17% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mercantile Bank (IL) decreased slightly from 56.57% as of December 31, 2011 to 38.17% as of December 31, 2012, resulting in a positive change of 32.52%.This indicates that the balance sheet and financial strength for Mercantile Bank (IL) has improved slightly in recent periods.
Deposit Growth
In the past year, Mercantile Bank (IL) has decreased its total deposits by -$191.19 million, resulting in -33.89% 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 (IL) has shown is poor.
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 (IL) has $420.73 million in assets with $35.71 million in equity, resulting in a capitalization level of 8.49%, which is average.