BlastPoint's Banking Scorecard
Mercantile Bank
Grand Rapids, MI
41 branches across MI
Mercantile Bank has 3 strengths but faces 3 concerns
Key Strengths
Areas where this bank excels compared to peers
- + Credit Quality Leader: Top 20.0% in tier
- + ROA 0.15% above tier average
- + Efficiency Ratio 4.87% below tier average
Key Concerns
Areas that may need attention
- - Liquidity Strain: Bottom 4.5% in tier
- - Credit Quality Pressure: Bottom 7.0% in tier
- - Net Interest Margin 0.31% below tier average
Core Metrics
As of 2026-Q1
| Metric | Current | vs Tier | Tier Avg | State Avg (MI) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$6.4B
+4.7% YoY
+1.8% QoQ
|
+$3.5B |
$2.8B
-0.1% YoY
|
$993.6M
+8.4% YoY
|
$6.2B
+9.1% YoY
|
Top 9.4% in tier |
| Total Loans ? |
$4.6B
-0.2% YoY
+0.1% QoQ
|
+$2.6B |
$2.0B
+0.6% YoY
|
$752.3M
+12.4% YoY
|
$3.2B
+10.8% YoY
|
Top 8.5% in tier |
| Total Deposits ? |
$5.0B
+7.2% YoY
+2.9% QoQ
|
+$2.7B |
$2.3B
-0.3% YoY
|
$797.0M
+7.4% YoY
|
$4.8B
+8.2% YoY
|
Top 10.6% in tier |
| Return on Assets ? |
1.51%
+2.6% YoY
-6.0% QoQ
|
+0.15% |
1.37%
+19.6% YoY
|
1.15%
+25.2% YoY
|
1.23%
+13.4% YoY
|
72% |
| Net Interest Margin ? |
3.51%
-1.3% YoY
-3.1% QoQ
|
-0.31% |
3.82%
+6.9% YoY
|
3.99%
+5.8% YoY
|
3.89%
+5.7% YoY
|
42% |
| Efficiency Ratio ? |
56.19%
+9.7% YoY
+10.8% QoQ
|
-4.87% |
61.06%
-4.6% YoY
|
66.95%
-6.2% YoY
|
66.95%
-4.1% YoY
|
61% |
| Delinquency Rate ? |
0.15%
+26.8% YoY
-1.2% QoQ
|
-0.74% |
0.89%
+14.1% YoY
|
0.77%
+21.7% YoY
|
0.95%
+18.8% YoY
|
84% |
| Loan-to-Deposit Ratio ? |
91.02%
-6.9% YoY
-2.7% QoQ
|
+6.81% |
84.20%
+0.3% YoY
|
78.66%
+4.9% YoY
|
76.70%
+0.9% YoY
|
35% |
| Non-Interest-Bearing Deposit Share ? |
24.05%
-4.0% YoY
-3.1% QoQ
|
+2.76% |
21.29%
-2.5% YoY
|
24.69%
-2.1% YoY
|
22.01%
-1.2% YoY
|
68% |
| Nonperforming Asset Ratio ? |
0.11%
+20.9% YoY
-2.8% QoQ
|
-0.57% |
0.67%
+15.6% YoY
|
0.58%
+27.6% YoY
|
0.67%
+19.3% YoY
|
85% |
| Tier 1 Capital Ratio ? |
12.78%
-1.3% YoY
+0.1% QoQ
|
-2.38% |
15.16%
+2.0% YoY
|
20.91%
+0.5% YoY
|
17.06%
+0.8% YoY
|
45% |
| Non-Interest Income / Assets ? |
0.17%
+21.6% YoY
-73.7% QoQ
|
-0.08% |
0.26%
+1.6% YoY
|
0.19%
+5.8% YoY
|
0.32%
+4.1% YoY
|
62% |
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Signature Analysis
Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.
Strengths (1)
Credit Quality Leader
growthBest-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.
Concerns (2)
Liquidity Strain
riskLoan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.
Credit Quality Pressure
riskDelinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.
Metric Rankings
See how this bank ranks across all tracked metrics compared to peers.