Mercantile Bank
Grand Rapids, MI
IDRSSD: 2608754
Total Assets
$6.24B
Latest filing
Total Deposits
$4.90B
Latest filing
Net Interest Margin
3.60%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
8 routesView all→
072402665SHEPHERD, MI072403211SHEPHERD, MI072404650LAKEVIEW, MI072404757GRAND RAPIDS, MI072413227SHEPHERD, MI072413816GRAND RAPIDS, MI072413829GRAND RAPIDS, MI072414022SHEPHERD, MI
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Mercantile Bank
310 Leonard St Nw
Grand Rapids, MI 49504
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/15/1997FDIC Certificate 60762
Branches (40)
Page 1 of 6| Name | Address | City / State |
|---|---|---|
| Mercantile Bank (Main) | 310 Leonard St Nw | Grand Rapids, MI |
| SHEPHERD BRANCH | 258 W Wright Ave | Shepherd, MI |
| WEST M20 BRANCH | 1925 E Remus Rd | Mount Pleasant, MI |
| VESTABURG BRANCH | 9002 E Howard City Edmore Rd | Vestaburg, MI |
| ALMA DRIVE-THRU BRANCH | 230 Woodworth Ave | Alma, MI |
| PICKARD BRANCH | 4699 E Pickard St | Mount Pleasant, MI |
| NORTHTOWN BRANCH | 7300 N Alger Rd | Alma, MI |
| ITHACA BRANCH | 219 E Center St | Ithaca, MI |
Showing 7 of 40
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 12/15/1997 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 49504 |
| State and County Number | 26081 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Grand Rapids-Kentwood, MI |
Operational Info
| Number of Employees | 683 |
| Domestic Offices | 43 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 10/09/2022 |
| Date of Deposit Insurance | 12/15/1997 |
| Primary Insurance Agency | DIF |
| Website | www.mercbank.com |
| Data Updated | 01/30/2026 |
| CERT | 34598 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $6.24B |
| Total Deposits | $4.90B |
| Total Liabilities | $5.52B |
| Total Equity Capital | $725.79M |
| Net Income | $24.65M |
| Net Loans and Leases | $4.58B |
| Assets Per Employee ($Millions) | $9.11M |
| Bank Premises and Fixed Assets | $54.99M |
| Cash and Balances due from Depository Institutions | $426.07M |
| Deposits Held in Domestic Offices | $4.90B |
Key Performance Ratios
| Return on Assets (ROA) | 1.58% |
| Return on Equity (ROE) | 13.49% |
| Net Interest Margin | 3.6% |
| Efficiency Ratio | 51.61% |
| Tier 1 Risk-Based Capital Ratio | 12.77% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.03% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.628% |
| Earning Assets to total Assets | 93.88% |
Income and Expense
| Total Interest Income | $82.26M |
| Total Noninterest Income | $10.88M |
| Total Interest Expense | $29.57M |
| Total Noninterest Expense | $32.81M |
| Net Interest Income | $52.69M |
| Pre-tax Net Operating Income | $30.33M |
| Provision for Credit Losses | $429.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $326.22M |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.70M |
| Federal Funds Purchased and Repurchased Agreement | $232.29M |
| All Other Liabilities | $61.70M |
| Total Liabilities and Capital | $6.24B |
Securities
| Securities | $903.86M |
| Available-for-sale debt securities | $903.86M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Mercantile Bank?
$6.24B as of the latest filing.
How much are Mercantile Bank's total deposits?
$4.90B in total deposits.
Where is Mercantile Bank located?
Grand Rapids, MI.
What is the Net Interest Margin?
3.60%.
How many domestic offices does it operate?
43.
When was it established?
12/15/1997.
What is the Return on Assets (ROA)?
1.58%.
How much are total loans and leases?
$4.58B (latest filing).
What is the total interest income (latest filing)?
$82.26M.