Mercantile Bank Corp (MBWM)
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Fiscal Year End Date: 12/31
| 09-2022 | 06-2022 | 03-2022 | 12-2021 | 09-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 39,260 | 23,229 | 11,492 | 59,021 | 47,382 |
| Depreciation Amortization | 9,855 | 6,692 | 3,458 | 13,678 | 10,200 |
| Income taxes - deferred | N/A | N/A | N/A | 2,020 | N/A |
| Other Working Capital | 28,682 | 18,343 | 12,383 | -7,869 | -37,965 |
| Loans | 1,706 | 3,153 | 1,371 | 6,771 | -24,359 |
| Other Operating Activity | 3,290 | -1,420 | -816 | -9,048 | 23,911 |
| Operating Cash Flow | $82,793 | $49,997 | $27,888 | $64,573 | $19,169 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -2,166 | -399 | -332 | -5,602 | -4,250 |
| Net Acquisitions | N/A | N/A | N/A | -2,679 | -2,679 |
| Purchase Of Investment | -91,200 | -78,640 | -51,705 | -298,708 | -257,967 |
| Sale Of Investment | 13,543 | 11,922 | 3,135 | 80,432 | 77,531 |
| Net Loans | -426,842 | -269,930 | -102,241 | -267,899 | -129,522 |
| Other Investing Activity | 3,669 | 648 | 13 | -1,051 | 451 |
| Investing Cash Flow | $-502,996 | $-336,399 | $-151,130 | $-495,507 | $-316,436 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 1,142 | 5,876 | 6,808 | 79,098 | 57,485 |
| Debt Issued | 42,908 | 42,908 | 42,964 | 73,635 | 0 |
| Debt Repayment | -64,000 | -40,000 | -20,000 | -20,000 | 0 |
| Common Stock Issued | 689 | 471 | 258 | 927 | 698 |
| Common Stock Repurchased | 33 | 21 | 10 | -21,332 | -19,763 |
| Dividend Paid | -14,607 | -9,629 | -4,812 | -18,524 | -13,880 |
| Financing Cash Flow | $-270,943 | $-209,653 | $-81,714 | $780,088 | $496,622 |
| Beginning Cash Position | 975,160 | 975,160 | 975,160 | 626,006 | 626,006 |
| End Cash Position | 284,014 | 479,105 | 770,204 | 975,160 | 825,361 |
| Net Cash Flow | $-691,146 | $-496,055 | $-204,956 | $349,154 | $199,355 |
| Free Cash Flow | |||||
| Operating Cash Flow | 82,793 | 49,997 | 27,888 | 64,573 | 19,169 |
| Capital Expenditure | -2,166 | -399 | -332 | -5,602 | -4,250 |
| Free Cash Flow | 80,627 | 49,598 | 27,556 | 58,971 | 14,919 |