Overview / Commentary
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 1,589th largest bank in the nation. It was established in 1906 and as of June of 2018, it had grown to 100 employees at 7 locations. Mercantile Bank (IL)'s money market rates are 36% higher than the national average, and it has an A health rating.

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Health Grade Components

FDIC Certificate #11301
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.87%
Return on Equity - YTD18.61%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$439.6MM$451.8MM
LoansQ2 2018vs Q2 2017$283.1MM$301.0MM
DepositsQ2 2018vs Q2 2017$343.9MM$354.7MM
Equity CapitalQ2 2018vs Q2 2017$45.5MM$42.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.1MM$3.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$813.00K$1.4MM
Real Estate OwnedQ2 2018vs Q2 2017$0$93.00K
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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

0.30%--Health Savings Account
0.30%--M-Class SSA (Safety Sweep Account)
0.30%*$10k*-Business Savings
OTHER TIERS: 0.20% $100 - $2.5k | 0.25% $2.5k - $10k
0.20%--Pennywise Savings
0.20%--DreamBuilder Savings
0.20%--Corporate Earnings Credit Rate

Mercantile Bank (IL) Money Market Rates

0.85%*$150k*-Business Money Market
OTHER TIERS: 0.30% $2.5k - $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

0.20%--eBanking Checking Account
0.10%--M Class Checking
0.10%$1.5k-Community Checking

Mercantile Bank (IL) CD Rates

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

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

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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