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Mercantile Bank (MBWM) Interest Income - Deposits: 2009-2024

Historic Interest Income - Deposits for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $12.3 million.

  • Mercantile Bank's Interest Income - Deposits rose 10.33% to $4.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $13.3 million, marking a year-over-year increase of 33.33%. This contributed to the annual value of $12.3 million for FY2024, which is 121.87% up from last year.
  • Latest data reveals that Mercantile Bank reported Interest Income - Deposits of $12.3 million as of FY2024, which was up 121.87% from $5.5 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Interest Income - Deposits registered a high of $12.3 million during FY2024, and its lowest value of $876,000 during FY2020.
  • Moreover, its 3-year median value for Interest Income - Deposits was $5.5 million (2023), whereas its average is $7.5 million.
  • Its Interest Income - Deposits has fluctuated over the past 5 years, first slumped by 63.05% in 2020, then skyrocketed by 398.82% in 2022.
  • Yearly analysis of 5 years shows Mercantile Bank's Interest Income - Deposits stood at $876,000 in 2020, then rose by 6.51% to $933,000 in 2021, then spiked by 398.82% to $4.7 million in 2022, then grew by 19.17% to $5.5 million in 2023, then soared by 121.87% to $12.3 million in 2024.