Mercantile Bank Corporation (MBWM)

Mercantile Bank Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	98.9	56.99	70.41	61.89	59.41	62.83
Securities and Investments	826.42	730.35	617.09	602.94	592.74	387.35
Trading Assets	27.57	15.82	18.61	3.57	16.12	22.89
Other Earning Assets	-	-	-	34.88	-	-
Gross Loans	-	-	4,304	3,917	3,453	3,193
Allowance for Loan Losses	-58.38	-54.45	-49.91	-42.25	-35.36	-37.97
Net Loans	4,640	4,546	4,254	3,874	3,418	3,156
Net Property, Plant & Equipment	54.79	53.43	50.93	51.48	57.3	58.96
Other Intangible Assets	-	-	-	-	1.35	2.44
Goodwill	49.47	49.47	49.47	49.47	49.47	49.47
Long-Term Investments	21.51	21.51	21.51	17.72	18	18
Other Non-Earning Assets	265.51	242.24	211.23	176.3	129.51	116.73
Total Assets	6,181	6,052	5,353	4,873	5,258	4,437
Interest-bearing deposits	3,530	3,434	2,653	2,108	2,405	1,978
Noninterest-bearing deposits	1,181	1,265	1,248	1,605	1,678	1,433
Total Deposits	4,710	4,698	3,901	3,713	4,083	3,412
Short-Term Interbank Borrowing and Repurchase Agreements	599.01	508.6	697.64	502.6	571.46	512.37
Long-Term Debt	140.16	139.64	138.62	137.59	121.89	47.56
Other Liabilities	99.83	121.02	93.9	78.21	24.64	24.31
Total Liabilities	5,549	5,468	4,831	4,431	4,801	3,996
Common Stock	302.29	299.71	295.11	290.44	285.75	302.03
Accumulated Other Comprehensive Income	-35.77	-49.83	-50.49	-65.34	-3.73	5.49
Retained Earnings	364.99	334.65	277.53	216.31	174.54	134.04
Shareholders' Equity	631.52	584.53	522.15	441.41	456.56	441.55
Total Liabilities & Equity	6,181	6,052	5,353	4,873	5,258	4,437
Total Debt	140.16	139.64	138.62	137.59	121.89	47.56
Net Cash (Debt)	-140.16	-139.64	-138.62	-137.59	-121.89	-47.56
Net Cash Per Share	-8.66	-8.66	-8.65	-8.68	-7.62	-2.92
Book Value	631.52	584.53	522.15	441.41	456.56	441.55
Book Value Per Share	39.03	36.24	32.60	27.83	28.56	27.14
Tangible Book Value	582.05	535.05	472.67	391.94	405.74	389.65
Tangible Book Value Per Share	35.97	33.17	29.51	24.71	25.38	23.95

Updated Jul 22, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q