Mercantile Bank (IL)

Overview | Receive alerts for this bank

LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.26%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.32%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	DreamBuilder Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all Mercantile Bank (IL) rates »

Overview / Commentary

www.mercantilebk.com

217-223-7300

200 North 33rd Street
Quincy, IL 62301

Mercantile Bank (IL) is headquartered in Quincy and is the 90^th largest bank in the state of Illinois. It is also the 1,537^th largest bank in the nation. It was established in 1906 and as of March of 2017, it had grown to 99 employees at 7 locations. Mercantile Bank (IL) has an A health rating.

Overall
FDIC Certificate #	11301
Year Established	1906
Employees	99
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	11.16%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$461.0MM$429.4MM
Loans	Q1 2017vs Q1 2016	$301.1MM$326.5MM
Deposits	Q1 2017vs Q1 2016	$362.8MM$325.1MM
Equity Capital	Q1 2017vs Q1 2016	$41.1MM$45.6MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$3.4MM$2.9MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.4MM$1.2MM
Real Estate Owned	Q1 2017vs Q1 2016	$94.00K$60.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Mercantile Bank (IL); we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	Corporate Earnings Credit Rate
0.15%	-	-	Health Savings Account
0.15%	-	-	M-Class SSA (Safety Sweep Account)
0.15%^*	$10k^*	-	Business Savings
OTHER TIERS: 0.05% → $100 - $2,500 \| 0.10% → $2,500 - $10k
0.05%	-	-	Pennywise Savings
0.05%	-	-	DreamBuilder Savings

Mercantile Bank (IL) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$50k^*	-	Star Money Market
OTHER TIERS: 0.05% → $1k - $25k \| 0.10% → $25k - $50k
0.15%^*	$150k^*	-	Business Money Market
OTHER TIERS: 0.05% → $2,500 - $100k \| 0.10% → $100k - $150k

Mercantile Bank (IL) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	-	-	eBanking Checking Account
0.05%	-	-	M Class Checking

Mercantile Bank (IL) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%	$1k	-	60 Month CD
1.10%	$1k	-	48 Month CD
1.10%	$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
0.32%	$1k	-	12 Month CD
0.20%	$1k	-	182 Day CD
0.20%	$1k	-	9 Month CD
0.10%	$1k	-	91 Day CD

Mercantile Bank (IL) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%	$500	-	60 Month Roth IRA
1.10%	$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
0.32%	$500	-	12 Month IRA

Locations

Mercantile Bank (IL) Locations
Mercantile Bank	200 North 33rd Street	Quincy, IL 62301
Maine Street Branch	440 Maine Street	Quincy, IL 62301
Broadway Street Wal-Mart Branch	5211 Broadway Street	Quincy, IL 62301
Quincy Branch	101 N. 36th Street	Quincy, IL 62301
2001 Maine Street Branch	2001 Maine Street	Quincy, IL 62301
Motor Facility	Eighth and Jersey Streets	Quincy, IL 62301
Palmyra Savings Branch	123 West Lafayette	Palmyra, MO 63461