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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.
October 28
Losses are shrinking at Mercantile Bank Corp. in Grand Rapids, Mich.
The $1.6 billion-asset company reported Tuesday that it narrowed its fourth-quarter loss by 85% from a year earlier, to $5.3 million. For the year it narrowed its loss by 72%, to $14.6 million. The loan-loss provision for the quarter fell 73% from a year earlier, to $6.8 million. Nonperforming assets remain elevated at 5.3% of total assets, but have been declining. At Dec. 31 they were $86.1 million, a 22.5% decrease from a year earlier.
