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MERCANTILE BANK OF MICHIGAN

Grand Rapids, MI

Latest Health Report

Latest Update: June 30, 2020

Assets
$4,296,344,000
Deposits
$3,271,692,000
Loans
$3,300,810,000
Loan Loss Provision
$8,350,000
Profit
$22,292,000
Capital
$404,587,000
Reserves
$32,245,000
Past Due 90 Days
$0
Nonaccrual
$3,211,000
Other Real Estate Owned
$198,000
Capital Plus Reserves
$436,832,000
Total Troubled Assets
$3,409,000
Troubled Asset Ratio
0.78

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
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
2014 $2,873,028,000 $2,278,356,000 $2,069,236,000 $21,219,000 $332,749,000 $32,615,000 9.80