MERCANTILE BANK CORP
Mercantile Bank Corporation (NASDAQ: MERC) operates as a registered bank holding company providing comprehensive financial services through its subsidiary banks, Mercantile Bank and Eastern Michigan Bank, which collectively maintain 54 office locations across Michigan. The company's website is www.mercbank.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What MERCANTILE BANK CORP does
In the company’s own words
Mercantile Bank Corporation (NASDAQ: MERC) operates as a registered bank holding company providing comprehensive financial services through its subsidiary banks, Mercantile Bank and Eastern Michigan Bank, which collectively maintain 54 office locations across Michigan. The company's website is www.mercbank.com.
The company's core business centers on commercial and retail banking services, primarily serving small- to medium-sized businesses and individual customers throughout Michigan. Mercantile Bank maintains its main office in Grand Rapids with operations concentrated in the West and Central portions of Michigan, including the metropolitan Detroit area, Traverse City, Petoskey, and Midland. Eastern Michigan Bank, acquired through a merger completed on December 31, 2025, operates from Croswell and serves Eastern Michigan markets. The banks plan to consolidate operations following core processor conversion in the first quarter of 2027.
The company employs 744 full-time and 42 part-time employees. Its loan portfolio reflects a significant concentration in commercial real estate lending, which comprises approximately 52.8% of total loans as of December 31, 2025. The banks originate secured and unsecured commercial, construction, mortgage, and consumer loans while accepting various deposit products including checking, savings, and time deposits. The company operates 16 automated teller machines and 37 video banking machines across its branch network.
Beyond traditional banking, Mercantile Bank Corporation operates Mercantile Insurance Center, Inc., which provides personal lines insurance products including automobile, homeowners, and life insurance through an arrangement with Hub International. The company also established Mercantile Community Partners to invest in community development tax credit investments, including low-income housing and energy tax credits.
The company maintains five business trusts that issue preferred securities used to fund capital contributions and support asset growth. As a financial holding company since 2014, Mercantile Bank Corporation operates under Federal Reserve Board regulation and supervision, with its banks holding FDIC insurance on deposits. The company's operations are concentrated within Michigan, with approximately 91% of commercial real estate loans supporting projects located within the state.
Company details
- Sector
- Financials
- Industry
- Banks & Brokers
- Headquarters
- GRAND RAPIDS, MI
- Fiscal year end
- December
- CIK
- 1042729
- SIC
- 6022
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns MERCANTILE BANK CORP — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · MERCANTILE BANK CORP’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
MERCANTILE BANK CORP’s bonds, as funds hold them
Funds report holding 1 issues of MERCANTILE BANK CORP’s debt, $7.90M at market value — what funds hold, not the company’s total debt.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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