Mercantile Bank (IL)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.17%	5-year CD	60 Month CD 3.00% - Barclays 60 Month Online CD
0.85%	1-year CD	12 Month CD 2.40% - Ally Bank High Yield 12-Month CD
0.20%	Savings	DreamBuilder Savings 1.75% - American Express National Bank High Yield Savings Account

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 97^th largest bank in the state of Illinois. It is also the 1,597^th 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.

Overall
FDIC Certificate #	11301
Year Established	1906
Employees	97
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.76%
Return on Equity - YTD	27.85%
Annual Interest Income	$3.8MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$440.3MM$461.0MM
Loans	Q1 2018vs Q1 2017	$280.9MM$301.1MM
Deposits	Q1 2018vs Q1 2017	$348.8MM$362.8MM
Equity Capital	Q1 2018vs Q1 2017	$44.5MM$41.1MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$3.0MM$3.4MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$980.00K$1.4MM
Real Estate Owned	Q1 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	eBanking Checking Account
0.10%	-	-	M Class Checking
0.10%	$1.5k	-	Community Checkinig

Mercantile Bank (IL) CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 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

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