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Mercantile Bank Corporation operates as the holding company for Mercantile Bank of Michigan that provides commercial and retail banking services primarily to small- to medium-sized businesses and individuals. The company primarily engages in generating deposits and originating loans. Its deposit products include checking accounts, savings accounts, time deposits, demand deposits, money market accounts, certificates of deposit, and security repurchase agreements. Mercantile Bank Corporation also offers commercial loans, including loans and leases for working capital, accounts receivable financing, and machinery and equipment acquisition; commercial real estate loans for new construction and land development; single-family residential real estate loans; home equity line of credit programs; mortgage loans; and consumer loans, including loans for new and used automobiles, boat loans, credit cards, and overdraft protection. In addition, it provides telephone and online banking, courier services, and safe deposit facilities; and private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. As of May 8, 2009, the company operated nine full-service banking offices in Grand Rapids, Holland, Ann Arbor, Novi, and Lansing county areas in Michigan. It also operates seven automated teller machines. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

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Key Statistics

Closing Price	13.44
Volume	4660
Volume Avg	14974
52 Week High	13.76
52 Week Low	7.51
PE	3.30
PE (group average)	27
EPS Year	4.07
EPS change Q/Q	-1000%
EPS change Q/Q Yr ago	-1000%
EPS change Q/Q next Q est	-50%
EPS change Y/Y	-387.1%
REV change Q/Q	-8.33%
REV change Q/Q Yr ago	-18.99%
EPS next Q est	0.26
EPS next Y est	1.31
Divident Annual	0.00
Dividend Yield	0%