Mercantile Bank
Grand Rapids, MI · Owner: Mercantile Bank Corp
$6.2B
total assets, June 30, 2026
$6.2B
total assets, June 30, 2026
Mercantile Bank is a state nonmember bank based in Grand Rapids, MI, owned by Mercantile Bank Corp. As of June 30, 2026 it held $6.2 billion in assets and $4.9 billion in deposits; assets were up 2.2% from a year before. It has 40 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$6.2B
+2.2% in a year · -1.8% in a quarter
Deposits
$4.9B
+4.2% in a year · -2.2% in a quarter
Loans
$4.8B
+0.6% in a year · +2.4% in a quarter
Profit so far
$50.6M
Jan 1 to Jun 30, 2026 · +6.5% in a year
Capital ratio
11.61%
-0.36 pts in a year
Return on assets
1.61%
+0.04 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 310 Leonard St Nw, Grand Rapids, MI, 49504
- County
- Kent
- Holding company
- Mercantile Bank Corp
- Established
- Dec 15, 1997
- Employees
- 741
- Branches
- 40
- Website
- www.mercbank.com
- Id
- b34598
Quarter by quarter
December 31, 1997 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
40 offices as of June 30, 2026, holding $4.9 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Michigan | 40 | $4.9B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Mercantile Bank (main office) | Grand Rapids, MI | $1.4B |
| Kalamazoo Branch | Kalamazoo, MI | $370M |
| Lansing Branch | East Lansing, MI | $272M |
| West M20 Branch | Mount Pleasant, MI | $239M |
| Wyoming Branch | Wyoming, MI | $207M |
| Troy Branch | Troy, MI | $194M |
| Forest Hills | Grand Rapids, MI | $182M |
| Northtown Branch | Alma, MI | $176M |
| M-76 Branch | West Branch, MI | $170M |
| Southside Branch | Berlin Township, MI | $160M |
Related pages
Questions and answers
How big is Mercantile Bank?
$6.2 billion in total assets and $4.9 billion in deposits as of June 30, 2026, with assets up 2.2% from a year before. Its loans were $4.8 billion.
How many branches does Mercantile Bank have?
40 branches in Michigan as of June 30, 2026.
Is Mercantile Bank profitable?
Yes: it earned $50.6 million from January 1 to June 30, 2026 (up 6.5% from the same months a year before). Its return on assets was 1.61% a year; about 1% is typical.
Who owns Mercantile Bank?
Mercantile Bank is owned by Mercantile Bank Corp, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.