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Overview / Commentary
217-223-7300
200 North 33rd Street
Quincy, IL 62301

Mercantile Bank (IL) is headquartered in Quincy and is the 97th largest bank in the state of Illinois. It is also the 1,597th largest bank in the nation. It was established in 1906 and as of March of 2018, it had grown to 97 employees at 7 locations. Mercantile Bank (IL)'s money market rates are 36% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #11301
Year Established1906
Employees97
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.76%
Return on Equity - YTD27.85%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$440.3MM$461.0MM
LoansQ1 2018vs Q1 2017$280.9MM$301.1MM
DepositsQ1 2018vs Q1 2017$348.8MM$362.8MM
Equity CapitalQ1 2018vs Q1 2017$44.5MM$41.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$3.0MM$3.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$980.00K$1.4MM
Real Estate OwnedQ1 2018vs Q1 2017$5.00K$94.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mercantile Bank (IL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Health Savings Account
0.30%--M-Class SSA (Safety Sweep Account)
0.30%*$10k*-Business Savings
OTHER TIERS: 0.20% $100 - $2,500 | 0.25% $2,500 - $10k
0.20%--Pennywise Savings
0.20%--DreamBuilder Savings
0.20%--Corporate Earnings Credit Rate

Mercantile Bank (IL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$150k*-Business Money Market
OTHER TIERS: 0.30% $2,500 - $50k | 0.60% $50k - $100k | 0.75% $100k - $150k
0.60%*$50k*-Star Money Market
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k

Mercantile Bank (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--eBanking Checking Account
0.10%--M Class Checking
0.10%$1.5k-Community Checkinig

Mercantile Bank (IL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.17%$1k-60 Month CD
2.07%$1k-48 Month CD
2.07%$100-48 Month College Saver CD
1.96%$1k-36 Month CD
1.86%$1k-30 Month CD
1.76%$1k-24 Month CD
1.76%$100-24 Month College Saver CD
1.61%$1k-18 Month CD
0.85%$1k-12 Month CD
0.50%$1k-9 Month CD
0.30%$1k-182 Day CD
0.20%$1k-91 Day CD

Mercantile Bank (IL) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.17%$500-60 Month Roth IRA
2.07%$500-48 Month IRA
1.96%$500-36 Month IRA
1.86%$500-30 Month IRA
1.76%$500-24 Month IRA
1.61%$500-18 Month IRA
0.85%$500-12 Month IRA
Locations


Mercantile Bank (IL) Locations
Mercantile Bank200 North 33rd StreetQuincy, IL 62301
Maine Street Branch440 Maine StreetQuincy, IL 62301
Broadway Street Wal-Mart Branch5211 Broadway StreetQuincy, IL 62301
Quincy Branch101 N. 36th StreetQuincy, IL 62301
2001 Maine Street Branch2001 Maine StreetQuincy, IL 62301
Motor FacilityEighth and Jersey StreetsQuincy, IL 62301
Palmyra Savings Branch123 West LafayettePalmyra, MO 63461

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