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Overview / Commentary
200 North 33rd Street
Quincy, IL 62301

Mercantile Bank (IL) is headquartered in Quincy and is the 99th largest bank in the state of Illinois. It is also the 1,620th largest bank in the nation. It was established in 1906 and as of December of 2017, it had grown to 100 employees at 7 locations. Mercantile Bank (IL) has an A health rating.

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Health Grade Components

FDIC Certificate #11301
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD12.4%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$434.8MM$452.2MM
LoansQ4 2017vs Q4 2016$280.0MM$299.2MM
DepositsQ4 2017vs Q4 2016$351.1MM$350.9MM
Equity CapitalQ4 2017vs Q4 2016$42.2MM$43.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.2MM$3.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.1MM$1.2MM
Real Estate OwnedQ4 2017vs Q4 2016$227.00K$135.00K
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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

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

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

0.20%--eBanking Checking Account
0.05%--M Class Checking
0.05%$1,500-Community Checkinig

Mercantile Bank (IL) CD Rates

1.56%$1k-60 Month CD
1.46%$1k-48 Month CD
1.46%$100-48 Month College Saver CD
1.36%$1k-36 Month CD
1.26%$1k-18 Month CD
1.26%$1k-30 Month CD
1.21%$1k-24 Month CD
1.21%$100-24 Month College Saver CD
0.50%$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

1.56%$500-60 Month Roth IRA
1.46%$500-48 Month IRA
1.36%$500-36 Month IRA
1.26%$500-30 Month IRA
1.26%$500-18 Month IRA
1.21%$500-24 Month IRA
0.50%$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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