Applications / Mortgage Analytics / Lenders / Michigan / Mercantile Bank / Competition
Mercantile Bank
Grand Rapids, MI · State non-member bank · FDIC · $6.2 billion assets · 2,129 loans in 2025
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2,129
loans originated, 2025
3,076
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Who Mercantile Bank competes with, by dollars lent in 2025, in its five largest markets and the three it entered most recently. A Pareto chart puts the lenders in order of size and draws their running share, so the reader sees how concentrated each market is: where the line climbs steeply, a few lenders hold most of it.
FIG. 1 — GRAND RAPIDS-WYOMING-KENTWOOD, MI, 2025
Mercantile Bank ranks 6th of 436 lenders in Grand Rapids-Wyoming-Kentwood, MI, with $273.2M lent: 3.7% of a $7.34B market.
Grand Rapids-Wyoming-Kentwood, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 2 — NON-METRO MICHIGAN, 2025
Mercantile Bank ranks 5th of 606 lenders in non-metro Michigan, with $220.9M lent: 3.1% of a $7.04B market.
non-metro Michigan is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 38% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 3 — TRAVERSE CITY, MI, 2025
Mercantile Bank ranks 14th of 274 lenders in Traverse City, MI, with $27.6M lent: 2.0% of a $1.39B market.
Traverse City, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 4 — KALAMAZOO-PORTAGE, MI, 2025
Mercantile Bank ranks 11th of 281 lenders in Kalamazoo-Portage, MI, with $24.8M lent: 1.9% of a $1.29B market.
Kalamazoo-Portage, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 5 — LANSING-EAST LANSING, MI, 2025
Mercantile Bank ranks 20th of 333 lenders in Lansing-East Lansing, MI, with $20.9M lent: 1.0% of a $2.02B market.
Lansing-East Lansing, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 55% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 6 — WAUSAU, WI, 2025
Mercantile Bank ranks 116th of 196 lenders in Wausau, WI, with $395K lent: 0.1% of a $663.9M market.
Wausau, WI is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 52% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 7 — MILWAUKEE-WAUKESHA, WI, 2025
Mercantile Bank ranks 435th of 510 lenders in Milwaukee-Waukesha, WI, with $315K lent: 0.0% of a $10.55B market.
Milwaukee-Waukesha, WI is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 37% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 8 — AKRON, OH, 2025
Mercantile Bank ranks 357th of 401 lenders in Akron, OH, with $175K lent: 0.0% of a $3.33B market.
Akron, OH is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Mercantile Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 48% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
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