Mercantile Bank 4Q profit declines

Story date: 2008-01-09 04:13:00
Added on: 2008-01-09 09:00:19

Boston Globe - The margin on this spread, known as the net interest margin, shrank to 2.64 percent from 3.19 percent. "The 100 basis point cut in the prime rate during the September-December period immediately lowered the yield on our prime-based loans, while ...


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