Balance Sheet
Accounts PayablesAccumulated ExpensesAssetsCash & Current InvestmentsCash & EquivalentsCash Due from BankCommon EquityFed Funds SoldGoodwillGoodwill & IntangiblesInterest DepositsLiabilities and Shareholders EquityLoans - GrossLoans - Loss AllowanceLoans - NetNon-Current DebtOther Non-Current AssetsOther Non-Current LiabilitiesPayablesProperty, Plant & Equipment (Net)Retained EarningsSecurities - TradableShareholder's EquityShort-term InvestmentsTotal DebtTotal LiabilitiesTotal Non-Current LiabilitiesTreasury Shares
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios

Mercantile Bank (MBWM) Total Debt: 2012-2024

Historic Total Debt for Mercantile Bank (MBWM) over the last 11 years, with Dec 2024 value amounting to $387.1 million.

  • Mercantile Bank's Total Debt fell 16.99% to $346.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $346.2 million, marking a year-over-year decrease of 16.99%. This contributed to the annual value of $387.1 million for FY2024, which is 17.27% down from last year.
  • Per Mercantile Bank's latest filing, its Total Debt stood at $387.1 million for FY2024, which was down 17.27% from $467.9 million recorded in FY2023.
  • Mercantile Bank's 5-year Total Debt high stood at $467.9 million for FY2023, and its period low was $308.3 million during FY2022.
  • Its 3-year average for Total Debt is $387.8 million, with a median of $387.1 million in 2024.
  • As far as peak fluctuations go, Mercantile Bank's Total Debt decreased by 17.58% in 2022, and later spiked by 51.79% in 2023.
  • Yearly analysis of 5 years shows Mercantile Bank's Total Debt stood at $394.0 million in 2020, then dropped by 5.08% to $374.0 million in 2021, then decreased by 17.58% to $308.3 million in 2022, then soared by 51.79% to $467.9 million in 2023, then dropped by 17.27% to $387.1 million in 2024.