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Balance Sheets Overview

Debt to Asset Ratio
88.93%
Unit: Thousand (K) dollars
Assets Breakdown
    • Loans
    • Securities available for sale
    • Interest-earning deposits and fe...
    • Others
Liabilities Breakdown
    • Interest-bearing
    • Noninterest-bearing
    • Retained earnings
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and due from banks
69,802
48,431
54,755
58,593
Interest-earning deposits and federal funds sold
271,129
530,873
418,569
418,426
Total cash and cash equivalents
340,931
579,304
473,324
477,019
Securities available for sale
1,125,529
1,125,433
1,102,230
855,138
Federal home loan bank stock
-
-
-
21,513
Mortgage loans held for sale
31,272
21,748
17,160
17,433
Loans
4,915,553
4,816,693
4,821,888
4,615,160
Allowance for credit losses
55,441
56,736
58,191
59,129
Loans, net
4,860,112
4,759,957
4,763,697
4,556,031
Premises and equipment, net
60,727
61,861
62,468
56,155
Bank owned life insurance
116,578
105,862
105,342
94,848
Goodwill
73,689
73,689
72,656
49,473
Core deposit intangible
17,307
18,173
20,388
-
Other assets
193,345
199,008
217,954
180,877
Total assets
6,819,490
6,945,035
6,835,219
6,308,487
Noninterest-bearing
1,420,591
1,331,947
1,339,666
1,182,775
Interest-bearing
3,875,797
4,087,571
3,944,786
3,629,038
Total deposits
5,296,388
5,419,518
5,284,452
4,811,813
Securities sold under agreements to repurchase
217,470
219,513
232,291
251,499
Federal home loan bank advances
305,322
315,322
326,221
346,221
Subordinated debentures
51,358
51,186
51,015
50,844
Subordinated notes
89,829
89,743
89,657
89,571
Term note
25,000
27,500
30,000
-
Accrued interest and other liabilities
78,999
85,306
96,699
100,909
Total liabilities
6,064,366
6,208,088
6,110,335
5,650,857
Preferred stock, no par value 1,000,000 shares authorized none issued
0
0
0
0
Common stock, no par value 40,000,000 shares authorized 17,285,911 shares issued and outstanding at june 30, 2026, and 17,181,096 shares issued and outstanding at december 31, 2025
352,339
350,645
349,431
303,463
Retained earnings
434,786
415,499
399,448
382,679
Accumulated other comprehensive income (loss)
-32,001
-29,197
-23,995
-28,512
Total shareholders equity
755,124
736,947
724,884
657,630
Total liabilities and shareholders equity
6,819,490
6,945,035
6,835,219
6,308,487
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Loans$4,915,553K (4.63%↑ Y/Y)Interest-earning deposits andfederal funds sold$271,129K (37.51%↑ Y/Y)Cash and due frombanks$69,802K (-29.42%↓ Y/Y)Loans, net$4,860,112K (4.75%↑ Y/Y)Securities available forsale$1,125,529K (36.19%↑ Y/Y)Total cash and cashequivalents$340,931K (15.15%↑ Y/Y)Other assets$193,345K (13.40%↑ Y/Y)Bank owned lifeinsurance$116,578K (22.70%↑ Y/Y)Goodwill$73,689K (48.95%↑ Y/Y)Premises and equipment,net$60,727K (10.83%↑ Y/Y)Mortgage loans held forsale$31,272K (13.43%↑ Y/Y)Core depositintangible$17,307K Allowance for creditlosses$55,441K (-5.03%↓ Y/Y)Total assets$6,819,490K (10.33%↑ Y/Y)Total liabilities andshareholders equity$6,819,490K (10.33%↑ Y/Y)Total liabilities$6,064,366K (9.28%↑ Y/Y)Total shareholdersequity$755,124K (19.57%↑ Y/Y)Accumulated othercomprehensive income (loss)-$32,001K (10.53%↑ Y/Y)Total deposits$5,296,388K (12.44%↑ Y/Y)Federal home loan bankadvances$305,322K (-14.29%↓ Y/Y)Securities sold underagreements to repurchase$217,470K (-10.43%↓ Y/Y)Subordinated notes$89,829K (0.38%↑ Y/Y)Accrued interest andother liabilities$78,999K (-20.87%↓ Y/Y)Subordinated debentures$51,358K (1.35%↑ Y/Y)Term note$25,000K Retained earnings$434,786K (19.12%↑ Y/Y)Common stock, no parvalue 40,000,000...$352,339K (16.56%↑ Y/Y)Interest-bearing$3,875,797K (9.81%↑ Y/Y)Noninterest-bearing$1,420,591K (20.31%↑ Y/Y)

MERCANTILE BANK CORP (MBWM)

MERCANTILE BANK CORP (MBWM)