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BDI
MB

Mercantile Bank

Grand Rapids, MichiganFDIC Cert #34598

STATEEstablished 199741 branches

Holding company: MERCANTILE BANK CORPRegulator: FDIC

FDICCERT + OFFDOM

Balance sheet & income statement

Financials

Reported balance-sheet positions and year-to-date earnings from the latest FDIC Call Report.

As of Q1 2026

Balance sheet trend

Assets & deposits

Time range
Reporting mode
Assets and deposits by reporting quarter
QuarterAssetsDeposits
Q2 2021$4.74B$3.68B
Q3 2021$4.95B$3.87B
Q4 2021$5.24B$4.1B
Q1 2022$5.16B$3.99B
Q2 2022$5.04B$3.89B
Q3 2022$5B$3.86B
Q4 2022$4.85B$3.73B
Q1 2023$4.88B$3.62B
Q2 2023$5.12B$3.78B
Q3 2023$5.23B$3.92B
Q4 2023$5.31B$3.92B
Q1 2024$5.42B$4.02B
Q2 2024$5.55B$4.16B
Q3 2024$5.86B$4.47B
Q4 2024$5.99B$4.72B
Q1 2025$6.07B$4.7B
Q2 2025$6.11B$4.73B
Q3 2025$6.23B$4.84B
Q4 2025$6.24B$4.9B
Q1 2026$6.36B$5.04B

Balance sheet

Core assets, funding, and capital reported at quarter end.

Assets
$6.36B
+4.7%y/y
Percentile by value69th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICASSET
Deposits
$5.04B
+7.2%y/y
Percentile by value65th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICDEP
Gross loans
$4.64B
−0.2%y/y
Percentile by value72nd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLNLSGR
Net loans
$4.59B
−0.2%y/y
Percentile by value72nd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLNLSNET
Securities
$933M
+18.4%y/y
Percentile by value60th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICSC
Cash
$525M
+36.3%y/y
Percentile by value82nd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICCHBAL
Liabilities
$5.63B
+4.7%y/y
Percentile by value69th percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICLIAB
Equity
$726M
+4.2%y/y
Peer standing74th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICEQ

Income statement

Year-to-date reported earnings and core revenue components.

Revenue
$63.1M
+6.9%y/y
Peer standing66th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNIM + NONII
NII
$52M
+3.4%y/y
Peer standing66th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNIM
Noninterest income
$11M
+27.2%y/y
Peer standing63rd percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNONII
Provision
−$1.16M
−181.1%y/y
Percentile by value3rd percentileby value
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICELNATR
Pretax income
$28.8M
+5.2%y/y
Peer standing74th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICPTAXNETINC
Net income
$23.8M
+7.1%y/y
Peer standing78th percentile
Peer standing in FFIEC UBPR Peer Group 3 — Insured commercial banks having assets between $3 billion and $10 billion
FDICNETINC