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Mercantile Bank (MBWM) Loans - Loss Allowance: 2012-2024

Historic Loans - Loss Allowance for Mercantile Bank (MBWM) over the last 11 years, with Dec 2024 value amounting to $54.5 million.

  • Mercantile Bank's Loans - Loss Allowance rose 4.49% to $59.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $59.1 million, marking a year-over-year increase of 4.49%. This contributed to the annual value of $54.5 million for FY2024, which is 9.10% up from last year.
  • Per Mercantile Bank's latest filing, its Loans - Loss Allowance stood at $54.5 million for FY2024, which was up 9.10% from $49.9 million recorded in FY2023.
  • Over the past 5 years, Mercantile Bank's Loans - Loss Allowance peaked at $54.5 million during FY2024, and registered a low of $35.4 million during FY2021.
  • Moreover, its 3-year median value for Loans - Loss Allowance was $49.9 million (2023), whereas its average is $48.9 million.
  • Per our database at Business Quant, Mercantile Bank's Loans - Loss Allowance surged by 58.93% in 2020 and then dropped by 6.86% in 2021.
  • Mercantile Bank's Loans - Loss Allowance (Yearly) stood at $38.0 million in 2020, then fell by 6.86% to $35.4 million in 2021, then increased by 19.46% to $42.2 million in 2022, then climbed by 18.15% to $49.9 million in 2023, then climbed by 9.10% to $54.5 million in 2024.