Mercantile Bank (MBWM) Mortgage Banking: 2009-2024

Historic Mortgage Banking for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $12.3 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.
  • According to the latest figures from FY2024, Mercantile Bank's Mortgage Banking is $12.3 million, which was up 61.96% from $7.6 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Mortgage Banking registered a high of $30.0 million during FY2021, and its lowest value of $7.6 million during FY2023.
  • Over the past 3 years, Mercantile Bank's median Mortgage Banking value was $8.7 million (recorded in 2022), while the average stood at $9.5 million.
  • Per our database at Business Quant, Mercantile Bank's Mortgage Banking spiked by 245.86% in 2020 and then crashed by 71.08% in 2022.
  • Over the past 5 years, Mercantile Bank's Mortgage Banking (Yearly) stood at $29.3 million in 2020, then rose by 2.09% to $30.0 million in 2021, then plummeted by 71.08% to $8.7 million in 2022, then fell by 12.34% to $7.6 million in 2023, then surged by 61.96% to $12.3 million in 2024.