The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 88,753 |
| Depreciation and amortization | 5,797 |
| Provision for credit losses | 3,200 |
| Deferred income tax expense (benefit) | 2,085 |
| Stock-based compensation expense | 3,473 |
| Stock grants to directors for retainer fees | 444 |
| Proceeds from sales of mortgage loans held for sale | 435,121 |
| Origination of mortgage loans held for sale | 423,868 |
| Net gain on sales of mortgage loans held for sale | 12,589 |
| Loss from sale of mortgage loans | 0 |
| Net gain from sales and valuation write-downs of foreclosed assets | 0 |
| Net (gain) loss from sale and write-downs on former bank premises | 0 |
| Net loss from sales and disposals of premises and equipment | -24 |
| Earnings on bank owned life insurance | 3,293 |
| Net (gain) loss on instruments designated at fair value and related derivatives | -63 |
| Accrued interest receivable | 130 |
| Change in other assets | 59,097 |
| Change in other liabilities | -22,010 |
| Net cash from operating activities | 17,973 |
| Purchases of securities available for sale | 203,366 |
| Proceeds from maturities, calls and repayments of securities available for sale | 67,317 |
| Loan originations and payments, net | 19,250 |
| Proceeds from sale of mortgage loans | 0 |
| Net cash received from acquisition of eastern michigan financial corp | -53,569 |
| Purchases of federal home loan bank stock | 0 |
| Purchases of bank owned life insurance | 0 |
| Proceeds from bank owned life insurance death benefit claims | 2,790 |
| Purchases of premises and equipment and lease activity | 6,764 |
| Proceeds from sales of former bank premises | 0 |
| Proceeds from sales of foreclosed assets | 0 |
| Net cash for investing activities | -105,704 |
| Net increase in time deposits | 5,048 |
| Net (decrease) increase in all other deposits | 106,140 |
| Net (decrease) increase in securities sold under agreements to repurchase | 110,770 |
| Proceeds from term note issuance-Term Note | 30,000 |
| Proceeds from federal home loan bank advances | 20,000 |
| Maturities of federal home loan bank advances | 80,862 |
| Employee stock purchase plan | 128 |
| Dividend reinvestment plan | 772 |
| Cash dividends on common stock | 23,951 |
| Net cash from financing activities | 168,045 |
| Net change in cash and cash equivalents | 80,314 |
| Cash and cash equivalents at beginning of period | 393,010 |
| Cash and cash equivalents at end of period | 473,324 |
MERCANTILE BANK CORP (MBWM)
MERCANTILE BANK CORP (MBWM)