BlastPoint's Banking Scorecard
Mercantile Bank
Mid-Market
Specialty: Commercial
MI
FDIC cert 34598
Grand Rapids, MI
201
banks in Mid-Market tier nationally
4 in MI
View Mid-Market leaderboard (MI) →
Mercantile Bank has 1 strength but faces 2 concerns
Key Strengths
Areas where this bank excels compared to peers
- + Credit Quality Leader: Top 41% in Mid-Market
Key Concerns
Areas that may need attention
- - Credit Quality Pressure: Bottom 4% in Mid-Market
- - Liquidity Strain: Bottom 13% in Mid-Market
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (MI) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$6.2B
+4.1% YoY
+0.1% QoQ
|
-$4.2B |
$10.5B
+2.9% YoY
|
$973.2M
+11.1% YoY
|
$5.9B
+6.5% YoY
|
22% |
| Total Loans ? |
$4.6B
+0.4% YoY
+0.1% QoQ
|
-$2.6B |
$7.1B
+4.5% YoY
|
$732.6M
+14.8% YoY
|
$3.1B
+8.5% YoY
|
29% |
| Total Deposits ? |
$4.9B
+3.8% YoY
+1.2% QoQ
|
-$3.6B |
$8.5B
+3.0% YoY
|
$781.1M
+10.4% YoY
|
$4.7B
+6.3% YoY
|
19% |
| Return on Assets ? |
1.61%
+1.1% YoY
-0.5% QoQ
|
+0.45% |
1.16%
+9.4% YoY
|
1.09%
+9.6% YoY
|
1.12%
+15.6% YoY
|
81% |
| Net Interest Margin ? |
3.62%
-4.0% YoY
-0.1% QoQ
|
+0.22% |
3.40%
+7.9% YoY
|
3.97%
+7.8% YoY
|
3.75%
+7.1% YoY
|
57% |
| Efficiency Ratio ? |
50.71%
+0.9% YoY
+0.6% QoQ
|
-5.89% |
56.60%
-3.2% YoY
|
66.94%
-3.1% YoY
|
65.09%
-5.1% YoY
|
72% |
| Delinquency Rate ? |
0.15%
+18.9% YoY
-30.5% QoQ
|
-0.53% |
0.68%
+12.0% YoY
|
0.80%
+62.9% YoY
|
0.66%
+20.3% YoY
|
Top 11% in tier |
| Loan-to-Deposit Ratio ? |
93.54%
-3.3% YoY
-1.1% QoQ
|
+8.07% |
85.47%
+1.1% YoY
|
78.71%
+2.4% YoY
|
78.04%
+0.7% YoY
|
29% |
| Non-Interest-Bearing Deposit Share ? |
24.83%
-7.5% YoY
+0.8% QoQ
|
+4.19% |
20.64%
-0.3% YoY
|
25.17%
-2.2% YoY
|
21.79%
-1.3% YoY
|
68% |
| Nonperforming Asset Ratio ? |
0.11%
+14.6% YoY
-30.5% QoQ
|
-0.39% |
0.50%
+7.3% YoY
|
0.57%
+48.1% YoY
|
0.48%
+20.8% YoY
|
Top 14% in tier |
| Tier 1 Capital Ratio ? |
12.77%
-1.1% YoY
-3.0% QoQ
|
-0.78% |
13.55%
+1.8% YoY
|
9.37%
-0.1% YoY
|
9.75%
-1.9% YoY
|
45% |
| Non-Interest Income / Assets ? |
0.66%
-2.0% YoY
+35.9% QoQ
|
-0.30% |
0.96%
+7.1% YoY
|
0.78%
-0.1% YoY
|
0.65%
+0.6% YoY
|
49% |
Signature Analysis
Strengths (1)
Credit Quality Leader
growth
#21 of 50 · Top 41% in Mid-Market
Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.
Why this signature
Delinquency Rate:
0.15%
(Tier: 0.68%, National: 0.66%)
50 of 50 Mid-Market banks match
·
443 nationally
→ Stable
+6 banks QoQ
|
QoQ rank declining
Concerns (2)
Credit Quality Pressure
risk
#5 of 113 · Bottom 4% in Mid-Market
Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.
Why this signature
Delinquency Rate:
0.15%
(Tier: 0.68%, National: 0.66%)
113 of 113 Mid-Market banks match
·
961 nationally
→ Stable
+22 banks QoQ
Liquidity Strain
risk
#11 of 80 · Bottom 13% in Mid-Market
Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.
Why this signature
Loan-to-Deposit Ratio:
93.54%
(Tier: 85.47%, National: 78.04%)
80 of 80 Mid-Market banks match
·
609 nationally
→ Stable
-4 banks QoQ
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
89
89th pctile
Delinquency Rate
Current: 0.15% · Tier avg: 0.68%
86
86th pctile
Nonperforming Asset Ratio
Current: 0.11% · Tier avg: 0.50%
81
81th pctile
Return on Assets
Current: 1.61% · Tier avg: 1.16%
72
72th pctile
Efficiency Ratio
Current: 50.71% · Tier avg: 56.60%
68
68th pctile
Non-Interest-Bearing Deposit Share
Current: 24.83% · Tier avg: 20.64%
57
57th pctile
Net Interest Margin
Current: 3.62% · Tier avg: 3.40%
49
49th pctile
Non-Interest Income / Assets
Current: 0.66% · Tier avg: 0.96%
45
45th pctile
Tier 1 Capital Ratio
Current: 12.77% · Tier avg: 13.55%
29
29th pctile
Loan-to-Deposit Ratio
Current: 93.54% · Tier avg: 85.47%
29
29th pctile
Total Loans
Current: $4.6B · Tier avg: $7.1B
22
22th pctile
Total Assets
Current: $6.2B · Tier avg: $10.5B
19
19th pctile
Total Deposits
Current: $4.9B · Tier avg: $8.5B
Top Weaknesses
19
19th pctile
Total Deposits
Current: $4.9B · Tier avg: $8.5B
22
22th pctile
Total Assets
Current: $6.2B · Tier avg: $10.5B
29
29th pctile
Total Loans
Current: $4.6B · Tier avg: $7.1B
29
29th pctile
Loan-to-Deposit Ratio
Current: 93.54% · Tier avg: 85.47%
45
45th pctile
Tier 1 Capital Ratio
Current: 12.77% · Tier avg: 13.55%
49
49th pctile
Non-Interest Income / Assets
Current: 0.66% · Tier avg: 0.96%
57
57th pctile
Net Interest Margin
Current: 3.62% · Tier avg: 3.40%
68
68th pctile
Non-Interest-Bearing Deposit Share
Current: 24.83% · Tier avg: 20.64%
72
72th pctile
Efficiency Ratio
Current: 50.71% · Tier avg: 56.60%
81
81th pctile
Return on Assets
Current: 1.61% · Tier avg: 1.16%
86
86th pctile
Nonperforming Asset Ratio
Current: 0.11% · Tier avg: 0.50%
89
89th pctile
Delinquency Rate
Current: 0.15% · Tier avg: 0.68%