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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 29
Mercantile Bank Corp. in Grand Rapids, Mich., returned to profitability in the first quarter after two years of losses.
The $1.58 billion-asset company said Tuesday that it swung to a $1.1 million profit after reporting from a $3 million loss a year earlier. It posted a $5 million loss for the fourth quarter.
Mercantile's net interest margin expanded 28 basis points from the fourth quarter and 39 basis points from a year earlier, to 3.64%.
The company's loan-loss provision fell 68% from the fourth quarter and 74% from a year earlier, to $2.2 million. Nonperforming assets fell 12% from the fourth quarter and 35% from a year earlier, to $76.1 million.