Mercantile Bank (MBWM) Mortgage Banking: 2011-2025

Historic Mortgage Banking for Mercantile Bank (MBWM) over the last 13 years, with Sep 2025 value amounting to $3.1 million.

  • Mercantile Bank's Mortgage Banking fell 7.79% to $3.1 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 27.16%. This contributed to the annual value of $12.3 million for FY2024, which is 61.96% up from last year.
  • Mercantile Bank's Mortgage Banking amounted to $3.1 million in Q3 2025, which was down 22.75% from $4.0 million recorded in Q2 2025.
  • In the past 5 years, Mercantile Bank's Mortgage Banking registered a high of $8.8 million during Q1 2021, and its lowest value of $1.2 million during Q1 2023.
  • Over the past 3 years, Mercantile Bank's median Mortgage Banking value was $2.8 million (recorded in 2023), while the average stood at $2.7 million.
  • In the last 5 years, Mercantile Bank's Mortgage Banking spiked by 234.98% in 2021 and then crashed by 75.79% in 2022.
  • Over the past 5 years, Mercantile Bank's Mortgage Banking (Quarterly) stood at $6.9 million in 2021, then plummeted by 75.79% to $1.7 million in 2022, then grew by 5.56% to $1.8 million in 2023, then soared by 104.47% to $3.6 million in 2024, then decreased by 7.79% to $3.1 million in 2025.
  • Its Mortgage Banking stands at $3.1 million for Q3 2025, versus $4.0 million for Q2 2025 and $2.7 million for Q1 2025.