Bank
Mercantile Bank
Mercantile Bank of Michigan is a community bank based in Michigan, offering a full suite of FDIC-insured personal, business, and mortgage banking products and services.
Key Statistics
As of December 2025, public records show Mercantile Bank has originated approximately $1.1B in loan volume over the past 12 months, with an average loan size of $483k.
Volume (12mo)
$1.1B
Avg Loan Size
$483k
Total Mortgages
24,029
Total Borrowers
889
Lending Entities
Mercantile Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
15,435 mortgages recorded
8,589 mortgages recorded
+7 more not shown
Geography
Mercantile Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 1,717
Volume (12mo): $1.1B
Total Volume: $9.4B
Mortgages (12mo): 11
Volume (12mo): $8.2M
Total Volume: $847.3M
Mortgages (12mo): 8
Volume (12mo): $10.5M
Total Volume: $164.0M
Top Borrowers
The following individuals have the most recorded mortgage transactions with Mercantile Bank. Click on a borrower to view their full investor profile.
+886 more not shown
FAQ
What type of lender is Mercantile Bank?
Mercantile Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (15%) and personal loans in their portfolio.
What entities does Mercantile Bank fund loans under?
Mercantile Bank originates mortgages through 9 different lending entities. The most common include Mercantile Bank Of Michigan and Mercantile Bank. These are the legal entity names that appear on recorded mortgage documents.
Where is Mercantile Bank most active?
Based on recorded mortgages, Mercantile Bank is most active in Michigan, Florida, and Indiana.
How many loans has Mercantile Bank originated?
Public records show 24,029 mortgages recorded for Mercantile Bank, with $1.1B in volume over the past 12 months.
What is the average loan size for Mercantile Bank?
The average mortgage size for Mercantile Bank is $483k based on all recorded mortgages.
Does Mercantile Bank offer short-term loans?
Mercantile Bank primarily offers long-term financing, with only 7% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.