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MERCANTILE BANK OF MICHIGAN

Grand Rapids, MI

Latest Health Report

Latest Update: March 31, 2021

Assets
$4,691,486,000
Deposits
$3,655,452,000
Loans
$3,325,675,000
Loan Loss Provision
$300,000
Profit
$15,539,000
Capital
$428,593,000
Reserves
$38,695,000
Past Due 90 Days
$1,000
Nonaccrual
$2,793,000
Other Real Estate Owned
$374,000
Capital Plus Reserves
$467,288,000
Total Troubled Assets
$3,168,000
Troubled Asset Ratio
0.68

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $4,418,422,000 $3,424,299,000 $3,178,391,000 $49,594,000 $457,203,000 $4,085,000 0.89
2019 $3,614,957,000 $2,696,430,000 $2,832,778,000 $55,551,000 $424,917,000 $2,826,000 0.67
2018 $3,344,251,000 $2,473,361,000 $2,730,706,000 $47,669,000 $388,591,000 $5,103,000 1.31
2016 $3,062,597,000 $2,379,242,000 $2,360,659,000 $33,182,000 $353,185,000 $6,769,000 1.92
2015 $2,883,076,000 $2,280,321,000 $2,262,047,000 $29,762,000 $347,433,000 $7,930,000 2.28