Mercantile Bank of Michigan

Mercantile Bank of Michigan is headquartered in Grand Rapids and is the 7^th largest bank in the state of Michigan. It is also the 476^th largest bank in the nation. It was established in 1997 and as of March of 2012, it had grown to 225 employees at 8 locations. Mercantile Bank of Michigan has a 3-star health rating.

Data for Q1 2012

Institution Statistics Mercantile Bank of Michigan FDIC Certificate # 34598 BankRate Report View Year Established 1997 Employees 225 Primary Regulator FDIC Assets and Liabilities Assets $1.40 billion Loans $1.02 billion Deposits $1.09 billion Equity Capital $193.69 million Loan Loss Allowance $30.94 million Unbacked Noncurrent Loans $36.99 million Real Estate Owned $13.51 million Historic Data - March 2011 Assets $1.58 billion Equity Capital $159.60 million Loan Loss Allowance $42.12 million Unbacked Noncurrent Loans $54.13 million Real Estate Owned $15.86 million Profit Margin - Quarterly Net Interest Margin 3.9% Return on Assets 0.91% Return on Equity 6.64% Interest Income $15.71 million

Institution Health Overall Score: 3 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 of Michigan had $50.49 million in non-current loans and owned real-estate with $224.64 million in equity and loan loss allowances on hand to cover it. This gives Mercantile Bank of Michigan a Texas Ratio of 22.48% which is 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 of Michigan decreased slightly from 34.52% as of March 31, 2011 to 22.48% as of March 31, 2012, resulting in a positive change of 34.88%.This indicates that the balance sheet and financial strength for Mercantile Bank of Michigan has improved slightly in recent periods. Deposit Growth In the past year, Mercantile Bank of Michigan has decreased its total deposits by -$160.08 million, resulting in -12.76% 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 of Michigan 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 of Michigan has $1.4 billion in assets with $224.64 million in equity, resulting in a capitalization level of 16.09%, which is excellent.

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