Mercantile Bank Corp. (MBWM)’s 4th Quarter 2014 Earnings Result Conference Call Transcript

Charles E. Christmas – Senior Vice President, Chief Financial Officer and Treasurer:

Yeah, I got that Dan. Performing TDRs were 22.1 million. And our non-performing TDRs were 24.9.

Daniel Cardenas – Raymond James

Great and then in terms of loan work that you saw, could you maybe give us a little bit of color as to what line utilization look like this quarter and how they compare to Q3?

Charles E. Christmas – Senior Vice President, Chief Financial Officer and Treasurer:

Yeah, I think you know when you continue to look at the lines of credit we’re not seeing any major changes the percentage that are borrowed using the line. But we’re going because a lump of the nice percentage of that growth is what I’ve seen in our businesses. But overall we don’t see any major changes to the degree that companies are using their lines.

Daniel Cardenas – Raymond James

Okay great and just last question, if you could talk about competitive pressures and if there’s been any shift in terms of where those pressures are coming from? Are they coming more from the larger banks or is it just kind of a cross board?

Charles E. Christmas – Senior Vice President, Chief Financial Officer and Treasurer:

You know generally, you see it comes from across the border obviously some of the credits that we’re working with 10-12 of the larger competitors as we’ve seen a lot of cases from them. But, it’s okay to see competition from small banks and credit unions that come in and work hard to take some of the smaller loan transactions. As I said my comments about banking as well as relationships and offering competitive price to the customers could be a mutual beneficial relationship. Time and time again, our customers are gonna work with us and it’ll provide a lot of intangible benefits that they’ll see that they can obtain by banking mercantile and can have and at the same time we’re seeing a competitive package for all their loans and all their financial services. They’ll see it in the track of opportunity for them to work with the bank that they can have a partnership with us for a long time.

Daniel Cardenas – Raymond James

Okay great, thanks guys.

Operator