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Mercantile Bank of Michigan, Financial Information

About Mercantile 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
ROA1.22%
ROAQ, quarterly1.38%
ROA, pretax1.38%
ROAQ, quarterly, pretax1.73%
ROE11.1%
ROEQ, quarterly13.38%
UpdatedMay 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.

Historical Data