For the quarter ending 2026-03-31, MBWM has $6,945,035K in assets. $6,208,088K in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and due from banks | 48,431 | 54,755 | 58,593 | 98,900 |
| Interest-earning deposits and federal funds sold | 530,873 | 418,569 | 418,426 | 197,172 |
| Total cash and cash equivalents | 579,304 | 473,324 | 477,019 | 296,072 |
| Securities available for sale | 1,125,433 | 1,102,230 | 855,138 | 826,415 |
| Federal home loan bank stock | - | - | 21,513 | 21,513 |
| Mortgage loans held for sale | 21,748 | 17,160 | 17,433 | 27,569 |
| Loans | 4,816,693 | 4,821,888 | 4,615,160 | 4,698,019 |
| Allowance for credit losses | 56,736 | 58,191 | 59,129 | 58,375 |
| Loans, net | 4,759,957 | 4,763,697 | 4,556,031 | 4,639,644 |
| Premises and equipment, net | 61,861 | 62,468 | 56,155 | 54,792 |
| Bank owned life insurance | 105,862 | 105,342 | 94,848 | 95,012 |
| Goodwill | 73,689 | 72,656 | 49,473 | 49,473 |
| Core deposit intangible | 18,173 | 20,388 | - | - |
| Other assets | 199,008 | 217,954 | 180,877 | 170,498 |
| Total assets | 6,945,035 | 6,835,219 | 6,308,487 | 6,180,988 |
| Noninterest-bearing | 1,331,947 | 1,339,666 | 1,182,775 | 1,180,801 |
| Interest-bearing | 4,087,571 | 3,944,786 | 3,629,038 | 3,529,671 |
| Total deposits | 5,419,518 | 5,284,452 | 4,811,813 | 4,710,472 |
| Securities sold under agreements to repurchase | 219,513 | 232,291 | 251,499 | 242,785 |
| Federal home loan bank advances | 315,322 | 326,221 | 346,221 | 356,221 |
| Subordinated debentures | 51,186 | 51,015 | 50,844 | 50,672 |
| Subordinated notes | 89,743 | 89,657 | 89,571 | 89,486 |
| Term note | 27,500 | 30,000 | - | - |
| Accrued interest and other liabilities | 85,306 | 96,699 | 100,909 | 99,833 |
| Total liabilities | 6,208,088 | 6,110,335 | 5,650,857 | 5,549,469 |
| 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 17,274,356 shares issued and outstanding at march 31, 2026 and 17,181,096 shares issued and outstanding at december 31, 2025 | 350,645 | 349,431 | 303,463 | 302,294 |
| Retained earnings | 415,499 | 399,448 | 382,679 | 364,991 |
| Accumulated other comprehensive income (loss) | -29,197 | -23,995 | -28,512 | -35,766 |
| Total shareholders equity | 736,947 | 724,884 | 657,630 | 631,519 |
| Total liabilities and shareholders equity | 6,945,035 | 6,835,219 | 6,308,487 | 6,180,988 |
MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)