Side-by-side · Q2 2026 data
Independent Bank vs Mercantile Bank
Metric by metric
| Measure | Independent Bank | Mercantile Bank |
|---|---|---|
| TellerScore | 63 | 73 (stronger) |
| Capital cushion | 47 | 66 (stronger) |
| Loan quality | 67 | 97 (stronger) |
| Earnings | 74 | 84 (stronger) |
| Funding & liquidity | 61 (stronger) | 18 |
| Problem-loan coverage | 85 | 99 (stronger) |
| Peer percentile | 30th | 70th |
| Total assets | $5.7B | $6.2B |
| Deposits / shares | $4.9B | $4.9B |
| Capital ratio | 9.67% | 11.61% (stronger) |
| Problem loans | 0.99% | 0.10% (stronger) |
| Net charge-offs | 0.03% | -0.03% (stronger) |
| Return on assets | 1.34% | 1.61% (stronger) |
| Loans ÷ deposits | 88.6% (stronger) | 95.4% |
| Uninsured deposits | 24.4% (stronger) | 57.5% |
| Offices | 57 | 33 |
| CFPB complaints (3 yrs) | — | — |
| Complaints per $1B deposits | — | — |
| Mortgage denial rate (HMDA) | 17.6% | 15.2% |
Mercantile Bank has the higher TellerScore (73 vs 63). On the 7 directional measures above (where higher or lower is clearly better), Independent Bank leads on 2 and Mercantile Bank on 5. Deposits are insured up to $250,000 per depositor, per ownership category, at both.
Where both have branches
- Grand Rapids, MI
- East Lansing, MI
- Howard City, MI
- Troy, MI