Mercantile Bank Corporation · NASDAQ:MBWM
Mercantile Bank — Shareholder Meeting (May 2022)
18 slides from Mercantile Bank's shareholder meeting presentation, May 26, 2022
Slide 1: Annual Meeting of Shareholders
ANNUAL MEETING d Mercantile OF SHAREHOLDERS Bank Corporation MAY 26 2 Ve
Slide 2: Meeting Agenda
Meeting Agenda Mercantile Introductory Comments Call the Meeting to Order Introduction of Presenters Approval of Minutes Shareholder Proposals: a. Election of Seven Directors (each for a one-year term) b. Ratification of BDDO USA, LLP as Independent Registered Public Accounting Firm for 2022 c. Advi
Slide 3: Introductory Comments
m introductory Comments »< > Mercantile Bank Corpora ition
Slide 4: Annual Report & Proxy Statement
Annual Report & Proxy Statement AMercantile Overview Stock Filings Financials News & Market Data Resources Bank Corporation Annual Reports Mercantile Bank Corporation AMercant ile ‘Bank Corporation
Slide 5: Board of Directors
Board of Directors » Retired Owner Owner Owner b Real Estate Executive Jireh Metal Products, Inc. Clear Ridge Wealth Superior Property Management Management of St. Joseph oy fea) ts . 4 Aim <q President and Chairman of the Board Retired Chief Executive Officer Retired Banking Executive Banking Execu
Slide 6: Accounting Firm and Legal Counsel
Kevin Muntter Cynthia A. Moore Brad Wyatt Accounting Firm Legal Counsel Legal Counsel BDO USA, LLP Dickinson Wright, PLLC Dickinson Wright, PLLC
Slide 7: Shareholder Proxies
< Shareholder Proxies >< Jeff A. Gardner, CPM David B. Ramaker
Slide 8: Management Presentation
Management Presentation Robert B. Kaminski, Jr. Charles E. Christmas President Executive Vice President Chief Executive Officer Chief Financial Officer Treasurer swe BAF MK Nes we
Slide 9: Forward Looking Statements
vA >> YJ yy +X ae Forward Looking Statements This presentation contains statements or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements can be identified by words such as: “anticipate,” “
Slide 10: Michigan's Community Bank
Michigan’s a Community Bank’ Top 10 Deposit Market Share in Michigan exon west ae | Mt Pleasant | * Founded in Grand Rapids in 1997 * Second largest bank headquartered in MI * 45 banking locations * Expanded to Cincinnati, Ohio and Midland, Michigan in 2020 & Petoskey, Michigan in 2021 Holland Gra S
Slide 11: Strategic Initiatives
Strategic Initiatives • • • • • • • •
Slide 12: Uncertainties Remain
Uncertainties Remain PANDEMIC * The COVID-19 pandemic continues to impact our communities and economy ina variety of ways, including supply chain disruptions ® INFLATION * Inflation, lead by higher energy prices and rising labor costs, is impacting businesses and consumers INTEREST RATES * Increasin
Slide 13: Company Overview
Company Overview • Annualized net core commercial loan growth of approximately 11 percent • Sustained strength in commercial loan pipeline • Net interest income growth • Significant increases in several key fee income categories • Continued low levels of nonperforming assets and gross loan charge-of
Slide 14: Thoughts on Remainder of 2022
Thoughts on Remainder of 2022 Rising Prime/Libor/SOFR Rates May 4, 2022 50 June 15, 2022 25 July 27, 2022 25 September 21, 2022 25 Performance Metrics 2nd Qtr 3'4 Qtr 4th Qtr Net Interest Margin 2.65% - 2.75% 2.90% - 3.00% 3.10% - 3.20% Average Earning Assets $4.8B-$49B $4.7B-$48B $4.7 -$48B Fee Inc
Slide 15: Voting Results
Voting Results Mercantile Shareholder Proposals: a. Election of Seven Directors (each for a one-year term) b. Ratification of BDDO USA, LLP as Independent Registered Public Accounting Firm for 2022 c. Advisory Approval of the Compensation of the Named Executive Officers
Slide 16: Questions for Accountants and Legal Counsel
Questions for Accountants ane] Legal Counsel Kevin Muntter Cynthia A. Moore Brad Wyatt Accounting Firm Legal Counsel Legal Counsel BDO USA, LLP Dickinson Wright, PLLC Dickinson Wright, PLLC 14
Slide 17: Questions for Management
Questions for Management i _ £- ’ a < Robert B. Kaminski, Jr. Raymond E. Reitsma Charles E. Christmas President Executive Vice President Executive Vice President Chief Executive Officer Chief Operating Officer Chief Financial Officer President of the Bank Treasurer sww\ BK Ce Wes SBA 15
Slide 18: Thank You
THANK Mercantile YOU Bank Corporation NASDAQ Global Select Market Symbol: MBWM 310 Leonard Street NW, Grand Rapids, MI 49504 616.406.3000 or 800.453.8700 www.mercbank.com