Mercantile Bank

Mercantile Bank of Grand Rapids, MI, chartered 1997: 33 offices, $6.24bn in assets, a 11.61% leverage ratio. Straight from the federal record.

Mercantile Bank is an FDIC-insured bank headquartered in Grand Rapids, MI, chartered in 1997. It is supervised by the FDIC and held by Mercantile Bank Corp. Every figure below is filed by the bank with its regulator and reproduced here unchanged.

Where Mercantile Bank has branches

33 full-service offices across 1 state:

• Michigan: 33 offices in 28 towns, holding $4.73bn at 30 June 2025

Mercantile Bank on its latest Call Report, 30 June 2026

• Total assets: $6.24bn
• Total deposits: $4.93bn
• Tier 1 leverage ratio: 11.61%
• Total risk-based capital ratio: 13.54%
• Noncurrent loans, as a share of loans: 0.10%
• Return on assets: 1.61%
• Net interest margin: 3.57%
• Staff: 741

Compare Mercantile Bank against every other bank with a branch in Michigan, or find the offices nearest you.

Charter and office records from the FDIC BankFind Suite; capital, loan and earnings figures from the bank's own Call Report; deposits by office from the FDIC Summary of Deposits, counted each 30 June.