Mercantile Bank Corp (MBWM)
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Fiscal Year End Date: 12/31
| 12-2023 | 09-2023 | 06-2023 | 03-2023 | 12-2022 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 82,217 | 62,187 | 41,332 | 20,974 | 61,063 |
| Depreciation Amortization | 11,496 | 8,857 | 5,930 | 3,049 | 12,945 |
| Income taxes - deferred | -2,036 | N/A | N/A | N/A | -1,353 |
| Other Working Capital | -35,309 | -4,589 | -14,074 | -7,567 | 38,474 |
| Loans | -15,042 | -6,606 | -8,377 | -256 | 12,552 |
| Other Operating Activity | 25,287 | 14,063 | 12,656 | 1,865 | -3,819 |
| Operating Cash Flow | $66,613 | $73,912 | $37,467 | $18,065 | $119,862 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -6,687 | -6,141 | -4,680 | -2,508 | -3,017 |
| Purchase Of Investment | -23,733 | -16,809 | -15,433 | -7,392 | -107,011 |
| Sale Of Investment | 24,142 | 12,856 | 10,198 | 1,703 | 18,265 |
| Net Loans | -387,283 | -188,007 | -135,410 | -48,939 | -462,427 |
| Other Investing Activity | -2,371 | 1,050 | 0 | 0 | -809 |
| Investing Cash Flow | $-395,932 | $-197,051 | $-145,325 | $-57,136 | $-554,999 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 35,394 | -30,258 | 25,117 | 50,320 | -3,123 |
| Debt Issued | 240,000 | 200,000 | 200,000 | 80,000 | 42,908 |
| Debt Repayment | -80,353 | -50,353 | -40,353 | -10,353 | -94,000 |
| Common Stock Issued | 891 | 670 | 449 | 217 | 903 |
| Common Stock Repurchased | 45 | 33 | 23 | 10 | 45 |
| Dividend Paid | -21,004 | -15,662 | -10,332 | -5,164 | -19,602 |
| Financing Cash Flow | $363,080 | $292,354 | $218,882 | $237 | $-443,251 |
| Beginning Cash Position | 96,772 | 96,772 | 96,772 | 96,772 | 975,160 |
| End Cash Position | 130,533 | 265,987 | 207,796 | 57,938 | 96,772 |
| Net Cash Flow | $33,761 | $169,215 | $111,024 | $-38,834 | $-878,388 |
| Free Cash Flow | |||||
| Operating Cash Flow | 66,613 | 73,912 | 37,467 | 18,065 | 119,862 |
| Capital Expenditure | -6,687 | -6,141 | -4,680 | -2,508 | -3,017 |
| Free Cash Flow | 59,926 | 67,771 | 32,787 | 15,557 | 116,845 |