Mercantile Bank (FDIC #34598): Bank Stress & Real-Estate Credit Exposure

Mercantile Bank (FDIC Cert #34598): bank stress 52/100, moderate, STABLE over 7 days; parent MERCANTILE BANK CORP (MBWM).

Mercantile Bank (#34598) lends in 21 counties across 1 state; Mercantile Bank (#34598) reaches 356 ZIP codes: Michigan 21 counties, 356 ZIPs.

Mercantile Bank (#34598) largest markets: Oakland County, MI (71 branches, 71 ZIPs) (#34598), Kent County, MI (234 branches, 39 ZIPs) (#34598), Saginaw County, MI (56 branches, 28 ZIPs) (#34598), Ottawa County, MI (25 branches, 25 ZIPs) (#34598), Kalamazoo County, MI (75 branches, 25 ZIPs) (#34598), Montcalm County, MI (75 branches, 25 ZIPs) (#34598).

Mercantile Bank (#34598) reports $6.24 billion in total assets; Mercantile Bank (#34598) equity $731.4 million (11.7% of Mercantile Bank (#34598) assets); Mercantile Bank (#34598) domestic deposits $4.93 billion; Mercantile Bank (#34598) net income $50.6 million; Mercantile Bank (#34598) return on assets 1.61%; Mercantile Bank (#34598) return on equity 13.90%; Mercantile Bank (#34598) net interest income $105.4 million; Mercantile Bank (#34598) call report June 30, 2026.

Mercantile Bank (#34598) noncurrent real-estate loans: none reported; Mercantile Bank (#34598) residential -0.03%; Mercantile Bank (#34598) net charge-offs on real estate 0.11%.

Mercantile Bank (#34598) net interest margin 3.57% against an eight-quarter Mercantile Bank (#34598) average of 3.63% (Mercantile Bank (#34598) compression 0.06 points); Mercantile Bank (#34598) non-residential real estate 0.1% of equity; Mercantile Bank (#34598) rate-exposure score 40/100, Mercantile Bank (#34598) fixed-rate trap 40/100; Mercantile Bank (#34598) risk type credit driven; Mercantile Bank (#34598) rate regime rates elevated; Mercantile Bank (#34598) shares 5.7% below the 52-week high, Mercantile Bank (#34598) equity trend stable, Mercantile Bank (#34598) snapshot October 19, 2026.

Mercantile Bank (#34598) stress score moved from 53.9 on June 22, 2026 to 52.3 on October 19, 2026; Mercantile Bank (#34598) ranged 52.3 to 53.9 over 116 snapshots.

Mercantile Bank (#34598) alerts: 21 counties; top Mercantile Bank (#34598) alert scores: Clare County, MI 43 (moderate); Midland County, MI 42 (moderate); Ionia County, MI 39 (moderate); Cadillac County, MI 21 (low); East Lansing County, MI 21 (low).