Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
41.84
-0.23 (-0.55%)
Apr 25, 2025, 4:00 PM EDT - Market closed

Mercantile Bank Balance Sheet

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2015 - 2019
Period Ending
Mar '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2015 - 2019
Cash & Equivalents
385.46393.01130.5396.77975.16626.01
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Investment Securities
787.58704.98587.62570.98550.94362.46
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Trading Asset Securities
-26.7927.5126.174.611
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Mortgage-Backed Securities
-25.3729.4731.9541.824.89
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Total Investments
787.58757.15644.6629.11597.35388.35
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Gross Loans
4,6374,6014,3043,9173,4563,198
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Allowance for Loan Losses
-56.67-54.45-49.91-42.25-35.36-37.97
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Other Adjustments to Gross Loans
-----2.5-4.4
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Net Loans
4,5804,5464,2543,8743,4183,156
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Property, Plant & Equipment
53.6953.4350.9351.4857.358.96
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Goodwill
49.4749.4749.4749.4749.4749.47
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Other Intangible Assets
----1.352.44
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Loans Held for Sale
15.1915.8218.613.5716.1222.89
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Accrued Interest Receivable
-21.419.8115.489.3110.86
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Other Real Estate Owned & Foreclosed
--0.2--0.7
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Other Long-Term Assets
248.4194.04163.72134.65115.59104.17
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Total Assets
6,1416,0525,3534,8735,2584,437
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Interest Bearing Deposits
3,5082,6842,0321,8462,1061,589
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Institutional Deposits
-749.68621.75261.61299.12389.57
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Non-Interest Bearing Deposits
1,1731,2651,2481,6051,6781,433
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Total Deposits
4,6824,6983,9013,7134,0833,412
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Short-Term Borrowings
242.1121.52229.73194.34197.46118.37
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Current Portion of Long-Term Debt
-107.9127.9626.384.861.03
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Current Portion of Leases
-1.05----
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Accrued Interest Payable
102.8510.29.013.221.392.31
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Other Current Liabilities
-0.180.10.110.21-
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Long-Term Debt
89.489.3188.9788.6373.65-
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Federal Home Loan Bank Debt, Long-Term
366.22306.22467.91308.26374394
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Long-Term Leases
-3.373.73.52.8-
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Trust Preferred Securities
50.550.3349.6448.9648.2447.56
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Other Long-Term Liabilities
-79.1853.134515.3820.97
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Total Liabilities
5,5335,4684,8314,4314,8013,996
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Common Stock
300.73299.71295.11290.44285.75302.03
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Retained Earnings
348.28334.65277.53216.31174.54134.04
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Comprehensive Income & Other
-40.67-49.83-50.49-65.34-3.735.49
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Shareholders' Equity
608.35584.53522.15441.41456.56441.55
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Total Liabilities & Equity
6,1416,0525,3534,8735,2584,437
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Total Debt
748.22679.72867.92670.07701.01560.96
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Net Cash (Debt)
-362.76-259.91-709.89-547.12278.7666.05
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Net Cash Growth
----322.02%-
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Net Cash Per Share
-22.46-16.11-44.32-34.5017.444.06
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Filing Date Shares Outstanding
16.2416.2316.121615.8416.26
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Total Common Shares Outstanding
16.2416.1516.1315.9915.8416.33
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Book Value Per Share
37.4736.2032.3827.6028.8227.04
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Tangible Book Value
558.87535.05472.67391.94405.74389.65
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Tangible Book Value Per Share
34.4233.1429.3124.5025.6123.86
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Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.
SEC Filings: 10-K · 10-Q