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Mercantile Bank of Michigan
Mercantile Bank of Michigan Locations
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Mercantile Bank of Michigan, Financial Information
AboutMercantile Bank of Michigan
Address:
310 Leonard Street Nw
Grand Rapids,MI
Kent County,Michigan
Established:
Dec 1997
Number of domestic offices:
44
Total assets
$4,418M
Net income
$50M
Net income,quarterly
$15M
Total deposits
$3,424M
Domestic deposits
$3,424M
Equity capital
$459M
ROA
1.22%
ROAQ,quarterly
1.38%
ROA,pretax
1.38%
ROAQ,quarterly,pretax
1.73%
ROE
11.1%
ROEQ,quarterly
13.38%
Updated
May 20, 2021
Terms and Definitions
Domestic deposits
The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
Equity capital
Total equity capital (includes preferred and common stock, surplus and undivided profits).
ROA
Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
ROE
Return on equity, annualized net income as a percent of average equity on a consolidated basis.
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Historical Data