Mercantile Bank Corp
NASDAQ:MBWM

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Mercantile Bank Corp
NASDAQ:MBWM
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Price: 50.39 USD 2.75% Market Closed
Market Cap: 813.3m USD
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Balance Sheet

Balance Sheet Decomposition
Mercantile Bank Corp

Net Loans 4.5B
Investments 1B
PP&E 54.2m
Intangibles 49.5m
Other Assets 295.7m
Total Deposits 4.5B
Short Term Debt 220.9m
Long Term Debt 139.4m
Other Liabilities 517.6m

Balance Sheet
Mercantile Bank Corp

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Balance Sheet
Currency: USD
Dec-2014 Dec-2015 Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023
Assets
Net Loans
2 069
2 262
2 361
2 539
2 731
2 833
3 178
3 418
3 874
4 254
Investments
589
414
485
508
383
549
987
1 560
678
738
PP&E Net
49
47
46
46
48
57
59
57
52
51
PP&E Gross
49
47
46
46
48
57
59
57
52
51
Accumulated Depreciation
23
26
29
31
33
35
35
37
39
44
Intangible Assets
16
13
10
8
6
4
2
1
1
0
Goodwill
50
50
50
50
50
50
50
50
50
49
Customer Acceptances Liabilities
0
0
0
0
0
0
0
0
0
0
Other Assets
140
138
147
147
151
153
166
179
225
261
Total Assets
2 893
N/A
2 904
+0%
3 083
+6%
3 287
+7%
3 364
+2%
3 633
+8%
4 437
+22%
5 258
+18%
4 873
-7%
5 353
+10%
Liabilities
Accounts Payable
12
16
15
14
25
22
24
25
75
90
Accrued Liabilities
0
0
0
0
0
0
0
0
4
4
Short-Term Debt
168
155
132
119
104
103
118
198
194
230
Total Deposits
2 277
2 275
2 375
2 522
2 464
2 690
3 412
4 083
3 713
3 901
Other Interest Bearing Liabilities
54
68
175
220
350
354
394
374
308
468
Total Current Liabilities
180
171
147
133
129
125
143
222
273
324
Long-Term Debt
55
55
45
46
46
47
48
122
138
139
Total Liabilities
2 565
N/A
2 570
+0%
2 742
+7%
2 921
+7%
2 989
+2%
3 216
+8%
3 996
+24%
4 801
+20%
4 431
-8%
4 831
+9%
Equity
Common Stock
318
305
306
310
308
305
302
286
290
295
Retained Earnings
10
28
41
61
76
108
134
175
216
278
Unrealized Security Profit/Loss
0
1
6
5
8
4
6
4
65
50
Total Equity
328
N/A
334
+2%
341
+2%
366
+7%
375
+3%
417
+11%
442
+6%
457
+3%
441
-3%
522
+18%
Total Liabilities & Equity
2 893
N/A
2 904
+0%
3 083
+6%
3 287
+7%
3 364
+2%
3 633
+8%
4 437
+22%
5 258
+18%
4 873
-7%
5 353
+10%
Shares Outstanding
Common Shares Outstanding
17
16
16
17
17
16
16
16
16
16

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