For the quarter ending 2025-09-30, MBWM has $6,308,487K in assets. $5,650,857K in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 58,593 | 98,900 | ||
| Interest-earning deposits | 418,426 | 197,172 | ||
| Total cash and cash equivalents | 477,019 | 296,072 | ||
| Securities available for sale | 855,138 | 826,415 | ||
| Federal home loan bank stock | 21,513 | 21,513 | ||
| Mortgage loans held for sale | 17,433 | 27,569 | ||
| Loans | 4,615,160 | 4,698,019 | ||
| Allowance for credit losses | 59,129 | 58,375 | ||
| Loans, net | 4,556,031 | 4,639,644 | ||
| Premises and equipment, net | 56,155 | 54,792 | ||
| Bank owned life insurance | 94,848 | 95,012 | ||
| Goodwill | 49,473 | 49,473 | ||
| Other assets | 180,877 | 170,498 | ||
| Total assets | 6,308,487 | 6,180,988 | ||
| Noninterest-bearing | 1,182,775 | 1,180,801 | ||
| Interest-bearing | 3,629,038 | 3,529,671 | ||
| Total deposits | 4,811,813 | 4,710,472 | ||
| Securities sold under agreements to repurchase | 251,499 | 242,785 | ||
| Federal home loan bank advances | 346,221 | 356,221 | ||
| Subordinated debentures | 50,844 | 50,672 | ||
| Subordinated notes | 89,571 | 89,486 | ||
| Accrued interest and other liabilities | 100,909 | 99,833 | ||
| Total liabilities | 5,650,857 | 5,549,469 | ||
| Preferred stock, no par value 1,000,000 shares authorized none issued | 0 | 0 | ||
| Common stock, no par value 40,000,000 shares authorized 16,253,544 shares issued and outstanding at september 30, 2025 and 16,146,374 shares issued and outstanding at december 31, 2024 | 303,463 | 302,294 | ||
| Retained earnings | 382,679 | 364,991 | ||
| Accumulated other comprehensive income (loss) | -28,512 | -35,766 | ||
| Total shareholders equity | 657,630 | 631,519 | ||
| Total liabilities and shareholders equity | 6,308,487 | 6,180,988 | ||
MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)