Mercantile Bank Corporation · NASDAQ:MBWM
Mercantile Bank — Shareholder Meeting (May 2020)
14 slides from Mercantile Bank's shareholder meeting presentation, May 28, 2020
Slide 1: Agenda
AMercantile | AGENDA Bank Corporation Introductory Comments — Robert Kaminski, President & CEO Call the Meeting to Order Introduction of Inspectors, Secretary, Directors, Proxies, Officers, Accountants and Counsel Approval of Minutes of the 2019 Annual Shareholders Mesting - May 23, 2019 ‘Shareholde
Slide 2: Annual Meeting of Shareholders
ANNUAL MEETING OF SHAREHOLDERS
Slide 3: Forward-Looking Statements
Aercantile | FORWARD-LOOKING STATEMENTS This presentation contains comments or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such comments are based on current expectations that involve a number of risks and
Slide 4: Management Presentation
Aercantile | MANAGEMENT PRESENTATION ® ® Activities related to the COVID-19 Crisis Progress we continue to make Tegarding one of our most impactful areas of strategic focus — Non-Interest Income Growth
Slide 5: Locations
AMercantile | LOCATIONS Michigan's © Lending Center / Live ATM Banker
Slide 6: COVID-19 Activities & Timeline
AMercantile | covip-19 ACTIVITIES & TIMELINE January 2020
Slide 7: Credit Administration
AMercantile | CREDIT ADMINISTRATION With a significant portion of Michigan's economy shut down due to the Stay at Home Executive Order to combat COVID-19, Mercantile remains in close contact with its customers to monitor their status and financial condition. Mercantile has worked continuously since
Slide 8: Payment Relief Assistance
AMercantile | PAYMENT RELIEF ASSISTANCE Bank Corporation COMMERCIAL RETAIL Interest Only. Payment Deferrals By Loan Type | 463 | 421,104,000 Port Mortgage $20,266,000 “Consumer Term | $677,000 Payment Deferrals HELOC $1,182,000 ee ————————— | 1182, _FHLBI | $860,000 $5,000 | Personal Line 153 | $6,5
Slide 9: Paycheck Protection Program (PPP)
Bank Corporation AMercantile | PAYCHECK PROTECTION PROGRAM (P?) Round 1 Round 2 Totals From 4/9/2020 ~ 4/20/2020 From 4/27/2020 ~ 5/22/2020 # of Applications # of Applications # of Applications $ Funded $ Funded $ Funded
Slide 10: Online
AMercantile ONLINE Bank Corporation Retail Online Banking Business Online Banking Logins Increased 49% Year-Over-Year Logins Increased 17% Year-Over Retail Users Retail Logins Business Users assed 500,000 26,000 34,500 200,000 , r 24000 ae 100,000 ; ‘April 2019 Apt 2020 ‘evil 2019 Api 2020 ‘April 20
Slide 11: Non-Interest Income Strategic Initiatives
AMercantile Non-Interest Income Strategic Initiatives Bank Corporation | Mortgage Pipeline Trend Year-Over-Year Comparison 2019 Apps ™ 2020 Apps 800 Applications ° hoes (ies ————— a = = , —
Slide 12: Non-Interest Income Strategic Initiatives
AMercantile Non-Interest Income Strategic Initiatives Benk Corporation | Mortgage Production Year-Over-Year Comparison 2019 2020 —2019 Units 2020 Units $120,000,000 100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 ] s N Volume Units
Slide 13: Mercantile YOY Growth Rate
Mercantile YOY Growth Rate Bank Corporat mecorporanen’ | Revenue Streams 13.47% 1.7% 14.2% 248.0% =
Slide 14: Thank You
THANK YOU NASDAG Global Selet Maret Symi 310 Leonard Street NW Grand Rapids, Mi 49604 616.406.3000 or www mereban| |