Mercantile Bank (MBWM) Mortgage Banking (2016 - 2025)

Historic Mortgage Banking for Mercantile Bank (MBWM) over the last 13 years, with Q3 2025 value amounting to $3.1 million.

  • Mercantile Bank's Mortgage Banking fell 778.95% to $3.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $13.7 million, marking a year-over-year increase of 1656.99%. This contributed to the annual value of $12.3 million for FY2024, which is 6196.18% up from last year.
  • As of Q3 2025, Mercantile Bank's Mortgage Banking stood at $3.1 million, which was down 778.95% from $4.0 million recorded in Q2 2025.
  • Over the past 5 years, Mercantile Bank's Mortgage Banking peaked at $8.8 million during Q1 2021, and registered a low of $1.2 million during Q1 2023.
  • For the 5-year period, Mercantile Bank's Mortgage Banking averaged around $3.6 million, with its median value being $3.0 million (2024).
  • Per our database at Business Quant, Mercantile Bank's Mortgage Banking skyrocketed by 23498.29% in 2021 and then tumbled by 7578.87% in 2022.
  • Over the past 5 years, Mercantile Bank's Mortgage Banking (Quarter) stood at $6.9 million in 2021, then crashed by 75.79% to $1.7 million in 2022, then increased by 5.56% to $1.8 million in 2023, then surged by 104.47% to $3.6 million in 2024, then decreased by 15.09% 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.