The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Interest income | 85,426 | - | - | - |
| Interest expense | 29,525 | - | - | - |
| Net interest income | 55,901 | - | - | - |
| Provision for credit losses | -1,800 | - | - | - |
| Net interest income after provision for credit losses | 57,701 | - | - | - |
| Noninterest income | 11,688 | - | - | - |
| Noninterest expense | 42,107 | - | - | - |
| Income before federal income tax expense | 27,282 | - | - | - |
| Federal income tax expense | 4,597 | - | - | - |
| Net income | 22,685 | 22,840 | 23,758 | 42,155 |
| Depreciation and amortization | 1,697 | 1,389 | 1,344 | 3,064 |
| Accretion of acquired loans | 168 | - | - | - |
| Provision for credit losses | -1,800 | -700 | 200 | 3,700 |
| Deferred income tax expense (benefit) | - | 2,085 | - | - |
| Stock-based compensation expense | 971 | 821 | 929 | 1,723 |
| Stock grants to directors for retainer fees | 16 | 0 | 10 | 434 |
| Proceeds from sales of mortgage loans held for sale | 101,204 | 121,897 | 122,857 | 190,367 |
| Origination of mortgage loans held for sale | 102,736 | 118,246 | 109,209 | 196,413 |
| Net gain from sales of mortgage loans held for sale | 3,056 | 3,378 | 3,512 | 5,699 |
| Loss from sale of mortgage loans | - | 0 | - | - |
| Net gain from sales and valuation write-downs of foreclosed assets | - | 0 | 0 | 0 |
| Net (gain) loss from sale and write-downs on former bank premises | - | 0 | 0 | 0 |
| Earnings on bank owned life insurance | 665 | 1,332 | 857 | 1,104 |
| Net loss from sales and disposals of premises and equipment | -76 | -24 | - | - |
| Net loss (gain) on instruments designated at fair value and related derivatives | 17 | 92 | 55 | -210 |
| Accrued interest receivable | 1,526 | -1,315 | 1,167 | 278 |
| Other assets | -18,650 | 17,695 | 13,142 | 28,260 |
| Accrued interest payable and other liabilities | -7,022 | -3,279 | 1,949 | -20,680 |
| Net cash from (for) operating activities | 28,309 | 5,649 | 23,105 | -10,781 |
| Loan originations and payments, net | -5,708 | 5,646 | -83,413 | 97,017 |
| Proceeds from sale of mortgage loans | - | 0 | - | - |
| Net cash received from acquisition of eastern michigan financial corp | - | -53,569 | - | - |
| Proceeds from sales of former bank premises | - | 0 | 0 | 0 |
| Purchases of securities available for sale | 42,926 | 60,211 | 38,603 | 104,552 |
| Purchases of federal home loan bank stock | - | 0 | - | - |
| Proceeds from sales of foreclosed assets | - | 0 | 0 | 0 |
| Purchases of federal reserve stock | 2,154 | - | - | - |
| Purchases of bank owned life insurance | - | 0 | - | - |
| Proceeds from maturities, calls and repayments of securities available for sale | 15,386 | 18,743 | 20,394 | 28,180 |
| Proceeds from bank owned life insurance claims | 186 | 1,728 | 1,062 | 0 |
| Net purchases of premises and equipment and lease activity | 938 | 227 | 2,639 | 3,898 |
| Net cash for investing activities | -24,738 | 7,956 | 63,627 | -177,287 |
| Net increase (decrease) in time deposits | -33,716 | -24,293 | -21,817 | 51,158 |
| Net increase (decrease) in all other deposits | 168,709 | 22,034 | 123,158 | -39,052 |
| Net increase (decrease) in securities sold under agreements to repurchase | -12,778 | -19,208 | 8,714 | 121,264 |
| Payments on term note | 2,500 | - | - | - |
| Proceeds from term note issuance-Term Note | - | 30,000 | - | - |
| Payoffs and paydowns of federal home loan bank advances | 30,899 | 20,000 | 10,000 | 50,862 |
| Proceeds from federal home loan bank advances | 20,000 | 0 | 0 | 20,000 |
| Employee stock purchase plan | 46 | 55 | 46 | 27 |
| Dividend reinvestment plan | 181 | 183 | 184 | 405 |
| Payment of cash dividends to common shareholders | 6,634 | 6,071 | 6,070 | 11,810 |
| Net cash from financing activities | 102,409 | -17,300 | 94,215 | 91,130 |
| Net change in cash and cash equivalents | 105,980 | -3,695 | 180,947 | -96,938 |
| Cash and cash equivalents at beginning of period | 473,324 | 477,019 | 393,010 | - |
| Cash and cash equivalents at end of period | 579,304 | 473,324 | 477,019 | - |
MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)