| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 65,913 | 42,155 |
| Depreciation and amortization/accretion | 4,408 | 3,064 |
| Provision for credit losses | 3,900 | 3,700 |
| Stock-based compensation expense | 2,652 | 1,723 |
| Stock grants to directors for retainer fees | 444 | 434 |
| Proceeds from sales of mortgage loans held for sale | 313,224 | 190,367 |
| Origination of mortgage loans held for sale | 305,622 | 196,413 |
| Net gain from sales of mortgage loans held for sale | 9,211 | 5,699 |
| Net gain from sales and valuation write-downs of foreclosed assets | 0 | 0 |
| Net gain from sale and write-down of former bank premises | 0 | 0 |
| Earnings on bank owned life insurance | 1,961 | 1,104 |
| Net loss on instruments designated at fair value and related derivatives | -155 | -210 |
| Accrued interest receivable | 1,445 | 278 |
| Other assets | 41,402 | 28,260 |
| Accrued interest payable and other liabilities | -18,731 | -20,680 |
| Net cash from operating activities | 12,324 | -10,781 |
| Loan originations and payments, net | 13,604 | 97,017 |
| Purchases of securities available for sale | 143,155 | 104,552 |
| Proceeds from maturities, calls and repayments of securities available for sale | 48,574 | 28,180 |
| Proceeds from sales of foreclosed assets | 0 | 0 |
| Proceeds from sales of fomer bank premises | 0 | 0 |
| Proceeds from bank owned life insurance claims | 1,062 | 0 |
| Net purchases of premises and equipment and lease activity | 6,537 | 3,898 |
| Net cash for investing activities | -113,660 | -177,287 |
| Net increase in time deposits | 29,341 | 51,158 |
| Net increase in all other deposits | 84,106 | -39,052 |
| Net increase (decrease) in securities sold under agreements to repurchase | 129,978 | 121,264 |
| Payoffs and paydowns of federal home loan bank advances | 60,862 | 50,862 |
| Proceeds from federal home loan bank advances | 20,000 | 20,000 |
| Employee stock purchase plan | 73 | 27 |
| Dividend reinvestment plan | 589 | 405 |
| Payment of cash dividends to common shareholders | 17,880 | 11,810 |
| Net cash from financing activities | 185,345 | 91,130 |
| Net change in cash and cash equivalents | 84,009 | -96,938 |
| Cash and cash equivalents at beginning of period | 393,010 | - |
| Cash and cash equivalents at end of period | 477,019 | - |
MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)