Total Assets
$6.2B
Total Deposits
$4.9B
Branches
41
Established
1997
Mercantile Bank is a bank headquartered in Grand Rapids, Michigan, established in 1997. It holds $6.2B in total assets across 41 branch locations. In our editorial opinion, based on public FDIC/NCUA data, Mercantile Bank earns a TFS Financial Health Grade of A- (86.1/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
86.1 / 100
Excellent financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| Mercantile BankHQ | 310 Leonard St Nw | Grand Rapids | MI | 11 |
| Mercantile Bank | 230 Woodworth Ave | Alma | MI | 23 |
| Mercantile Bank | 7300 N Alger Rd | Alma | MI | 11 |
| Mercantile Bank | 2600 South State Road | Berlin Township | MI | 11 |
| Mercantile Bank | 8851 E 34 Rd | Cadillac | MI | 11 |
| Mercantile Bank | 114 W Pine St | Cadillac | MI | 11 |
| Mercantile Bank | 806 N Mcewan St | Clare | MI | 11 |
| Mercantile Bank | 4613 Alpine Ave Nw | Comstock Park | MI | 11 |
| Mercantile Bank | 3001 Coolidge Rd | East Lansing | MI | 11 |
| Mercantile Bank | 1979 E Miller Rd | Fairview | MI | 11 |
| Mercantile Bank | 4737 Cascade Rd Se | Grand Rapids | MI | 11 |
| Mercantile Bank | 310 Leonard St Nw | Grand Rapids | MI | 24 |
| Mercantile Bank | 3156 Knapp St Ne | Grand Rapids | MI | 11 |
| Mercantile Bank | 170 College Ave | Holland | MI | 23 |
| Mercantile Bank | 830 W Shaw St | Howard City | MI | 11 |
| Mercantile Bank | 202 N Dexter St | Ionia | MI | 23 |
| Mercantile Bank | 219 E Center St | Ithaca | MI | 11 |
| Mercantile Bank | 211 E Water St | Kalamazoo | MI | 11 |
| Mercantile Bank | 811 S Drake Rd | Kalamazoo | MI | 11 |
| Mercantile Bank | 9531 N Greenville Rd | Lakeview | MI | 23 |
| Mercantile Bank | 2601 W Main St | Lowell | MI | 11 |
| Mercantile Bank | 125 W Saginaw St | Merrill | MI | 11 |
| Mercantile Bank | 109 E Main St | Midland | MI | 12 |
| Mercantile Bank | 1925 E Remus Rd | Mount Pleasant | MI | 11 |
| Mercantile Bank | 4699 E Pickard St | Mount Pleasant | MI | 11 |
| Mercantile Bank | 9344 West Belding Road | Otisco Township | MI | 11 |
| Mercantile Bank | 900 E Michigan Ave | Paw Paw | MI | 11 |
| Mercantile Bank | 430 E Mitchell St | Petosky | MI | 23 |
| Mercantile Bank | 2301 W Centre Ave | Portage | MI | 11 |
| Mercantile Bank | 201 W Wheatland Ave | Remus | MI | 11 |
| Mercantile Bank | 505 Bennett St | Rose City | MI | 11 |
| Mercantile Bank | 1990 N Saint Helen Rd | Saint Helen | MI | 11 |
| Mercantile Bank | 1065 Superior Dr | Saint Johns | MI | 11 |
| Mercantile Bank | 258 W Wright Ave | Shepherd | MI | 11 |
| Mercantile Bank | 102 Pine St | St. Charles | MI | 11 |
| Mercantile Bank | 125 S Park St | Traverse City | MI | 23 |
| Mercantile Bank | 1700 W Big Beaver Rd | Troy | MI | 11 |
| Mercantile Bank | 9002 E Howard City Edmore Rd | Vestaburg | MI | 11 |
| Mercantile Bank | 601 W Houghton Ave | West Branch | MI | 21 |
| Mercantile Bank | 2087 S M 76 | West Branch | MI | 11 |
| Mercantile Bank | 5610 Byron Center Ave Sw | Wyoming | MI | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
86.1
Tier 1 capital ratio
11.61%
Return on assets
1.61%
Non-performing loans
0.10%
Efficiency ratio
54.86%
Asset growth (YoY)
2.17%
Suggested direct comparisons
Grand Rapids, MI
$1.1B
$7.5B
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.