Featured Savings Rates
Featured Accounts

Mercantile Bank (IL)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.41%5-year CD60 Month CD
0.32%1-year CD12 Month CD
0.05%SavingsDreamBuilder Savings

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

Mercantile Bank (IL) is headquartered in Quincy and is the 96th largest bank in the state of Illinois. It is also the 1,566th largest bank in the nation. It was established in 1906 and as of June of 2017, it had grown to 101 employees at 7 locations. Mercantile Bank (IL) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #11301
Year Established1906
Employees101
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD11.66%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$451.8MM$467.2MM
LoansQ2 2017vs Q2 2016$301.0MM$342.9MM
DepositsQ2 2017vs Q2 2016$354.7MM$354.4MM
Equity CapitalQ2 2017vs Q2 2016$42.2MM$46.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.4MM$3.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.4MM$1.3MM
Real Estate OwnedQ2 2017vs Q2 2016$93.00K$139.00K
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
0.20%--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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Star Money Market
OTHER TIERS: 0.15% $1k - $25k | 0.20% $25k - $50k
0.25%*$150k*-Business Money Market
OTHER TIERS: 0.15% $2,500 - $100k | 0.20% $100k - $150k

Mercantile Bank (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--eBanking Checking Account
0.05%--M Class Checking

Mercantile Bank (IL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%$1k-60 Month CD
1.26%$1k-18 Month CD
1.26%$1k-48 Month CD
1.26%$100-18 Month Back to Savings CD
1.26%$100-48 Month College Saver CD
0.85%$1k-36 Month CD
0.45%$1k-30 Month CD
0.43%$1k-24 Month CD
0.43%$100-24 Month College Saver CD
0.32%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%$500-60 Month Roth IRA
1.26%$500-48 Month IRA
1.26%$500-18 Month IRA
0.85%$500-36 Month IRA
0.45%$500-30 Month IRA
0.43%$500-24 Month IRA
0.32%$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