The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 23,758 | 42,155 |
| Depreciation and amortization/accretion | 1,344 | 3,064 |
| Provision for credit losses | 200 | 3,700 |
| Stock-based compensation expense | 929 | 1,723 |
| Stock grants to directors for retainer fees | 10 | 434 |
| Proceeds from sales of mortgage loans held for sale | 122,857 | 190,367 |
| Origination of mortgage loans held for sale | 109,209 | 196,413 |
| Net gain from sales of mortgage loans held for sale | 3,512 | 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 | 857 | 1,104 |
| Net loss on instruments designated at fair value and related derivatives | 55 | -210 |
| Accrued interest receivable | 1,167 | 278 |
| Other assets | 13,142 | 28,260 |
| Accrued interest payable and other liabilities | 1,949 | -20,680 |
| Net cash from operating activities | 23,105 | -10,781 |
| Loan originations and payments, net | -83,413 | 97,017 |
| Purchases of securities available for sale | 38,603 | 104,552 |
| Proceeds from maturities, calls and repayments of securities available for sale | 20,394 | 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 | 2,639 | 3,898 |
| Net cash for investing activities | 63,627 | -177,287 |
| Net increase in time deposits | -21,817 | 51,158 |
| Net increase in all other deposits | 123,158 | -39,052 |
| Net increase (decrease) in securities sold under agreements to repurchase | 8,714 | 121,264 |
| Payoffs and paydowns of federal home loan bank advances | 10,000 | 50,862 |
| Proceeds from federal home loan bank advances | 0 | 20,000 |
| Employee stock purchase plan | 46 | 27 |
| Dividend reinvestment plan | 184 | 405 |
| Payment of cash dividends to common shareholders | 6,070 | 11,810 |
| Net cash from financing activities | 94,215 | 91,130 |
| Net change in cash and cash equivalents | 180,947 | -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)