Mercantile Bank Balance Sheet Health
Financial Health criteria checks 6/6
Mercantile Bank has total assets of $5.9B and total equity of $583.3M. Total deposits are $4.5B, and total loans are $4.5B. It earns a Net Interest Margin of 4.1%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $358.2M.
Key information
10.1x
Asset to equity ratio
4.1%
Net interest margin
| Total deposits | US$4.46b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$358.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MCS's Assets to Equity ratio (10.1x) is moderate.
Allowance for Bad Loans: MCS has a sufficient allowance for bad loans (573%).
Low Risk Liabilities: 84% of MCS's liabilities are made up of primarily low risk sources of funding.
Loan Level: MCS has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: MCS's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: MCS has an appropriate level of bad loans (0.2%).