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

Robert B. Kaminski Jr. – Executive Vice President, Chief Operating Officer and Secretary:

That’d be correct, It’s obviously one of the larger credits we have in the bank. It has been struggling yet. There are some of kind things stabilizing a little bit. But you know obviously, we don’t expect that type of an event to happen again. This quarter we won’t have any on on our lights and that looks sizable at all going out to the medical bump and such. It has been an active workout situation which is a cooperative situation between the customer and our sales personnel. We hope to have a fairly positive revolution to it, but it may take some time as credits super size.

Michael H. Price – President and Chief Executive Officer:

And just you know from the numbers perspective, that was about two basic points of our margin for the 4th quarter. And it was third if we could put a nine a crew at the end of November or early December.

Damon Demachi – KBW:

Okay. Was that disclosed as a TDR in the queue per chance?

Michael H. Price – President and Chief Executive Officer:

Yeah, that was disclosed as a performing TDR as of September 30th. And it was turned to third quarter that we put that in the TDR status per skill. So the change in the 4th quarter was to actually put it on that.

Damon Demachi – KBW:

So you’re saying it wasn’t additional?

Michael H. Price – President and Chief Executive Officer:

Right.

Damon Demachi – KBW:

Okay, good to know. That’s all I had for now. Thank you.

Michael H. Price – President and Chief Executive Officer

Thank you

Operator:

The next question comes from Matthew Forgotson of Sandy O’Neill & Partners. Please go ahead.