M&B Background
Mercantile Bank was started in...
1997
Who provides the most lucrative training at Mercantile?
Chris
$10M represents...
$10,000
Number that represents an "Acceptable" loan
5
The bank is generally interested in the __________ business
Commercial
Our mission is to deliver financial solutions that empower people to achieve their _____ and ______.
Goals, Dreams
How would one determine the amount of loan principal to be paid in the current year?
Prior Period CPLTD
What the first source to discover what is known about the company’s financial performance
The companies Financial Statements
Loan grades should be increased by a maximum of ___ full grade from the calculated grade of the credit.
One
Internal policy goals are set to establish a sound commercial loan portfolio that will provide a good ______ to our shareholders
Return
The bank that Mercantile acquired in 2013
First Michigan Bank
What does CADA stand for?
Cash After Debt Amortization
Avoid using vague descriptive words such as...
"Good" "Poor" "Very"
When grading an explicitly unsecured loan the collateral rating in all matrices shall be ___ by default.
6
Accrued interest will be required to be paid on any commercial loan on a _______ basis
Monthly
Mercantile had an early focus on __________ _______ because it was its biggest revenue driver
Commercial Lending
For the typical manufacturing company, these two accounts are associated with cost of goods sold on the UCA?
Account Payable and Inventory
Numbers over 9 should be _______ ___
Written out
The financial strength of a guarantor(s) or co-borrower, although not included in the loan grading paradigm, may justify a ______ ____ ______
Higher loan grade
Commercial Bankers operate within approved loan authorities set by the ______ __ _________
Board of Directors
Mercantile is the only bank in Michigan that offers _______.
Payroll
Ignoring cash, a change in any of these balance sheet accounts will not impact working capital
Any account that is part of working capital is the correct answer.
To help in the effort to determine what is known and what is relevant, each line of the balance sheet and income statement should be reviewed for ______ and _________.
TRENDS and ANOMALIES
!!!DAILY DOUBLE!!!
What are 4 criteria's that commercial loans are graded on?
Cash Flow, Financial Condition, Operating Performance, Business/Industry, Management, Collateral, and Repayment History.
General Responsibilities of Commercial Bankers are to uphold ______ and __________ of the bank
Values and Reputation