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Mercantile Bank Corp (MBWM)

Mercantile Bank Corp (MBWM)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] by (Cboe BZX)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] [[ item.lastPriceExt ]] [[ item.priceChangeExt ]] ([[ item.percentChangeExt ]]) [[ item.tradeTimeExt ]]
Balance Sheet for [[ item.sessionDateDisplayLong ]]

Fiscal Year End Date: 12/31

(Values in U.S. thousands)
  03-2025 12-2024 09-2024 06-2024 03-2024
Assets
Cash & Cash Equivalents 70,320 56,991 87,766 61,863 52,606
Securities And Investments 787,583 730,352 703,375 647,907 609,153
Interest Bearing Deposits 315,140 336,019 240,780 135,766 184,625
Loans Gross 4,636,549 4,600,781 4,553,018 4,438,245 4,322,006
Allowance For Loan Losses -56,666 -54,454 -56,590 -55,408 -51,638
PPE Net 53,693 53,427 54,230 50,158 50,835
Intangibles 49,473 49,473 49,473 49,473 49,473
Other assets 285,108 279,572 285,075 274,384 248,893
Total Assets $6,141,200 $6,052,161 $5,917,127 $5,602,388 $5,465,953
Liabilities
Total deposits 4,681,785 4,698,366 4,455,898 4,146,574 4,007,810
Federal Funds Purchased 242,102 121,521 220,936 221,898 228,618
Long Term Debt 139,901 139,644 139,386 139,130 138,872
Other liabilities 469,066 508,104 517,596 543,635 554,009
Total Liabilities $5,532,854 $5,467,635 $5,333,816 $5,051,237 $4,929,309
Shareholders' Equity
Shares Outstanding, K 16,235 16,231 16,142 16,138 16,121
Common Shares 300,732 299,705 298,704 297,591 296,065
Retained earnings 348,281 334,646 320,722 306,804 293,554
Other shareholders' equity -40,667 -49,825 -36,115 -53,244 -52,975
TOTAL $608,346 $584,526 $583,311 $551,151 $536,644
Total Liabilities And Equity $6,141,200 $6,052,161 $5,917,127 $5,602,388 $5,465,953
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