Mercantile Bank Balance Sheet (2011-2025) | MBWM

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Balance Sheet	Jun2011	Sep2011	Dec2011	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	127.00M	125.70M	76.37M	104.00M	136.00M	114.78M	57.98M	125.92M	146.97M	109.95M	118.85M	132.25M	101.18M	106.98M	141.73M	183.60M	52.98M	101.61M	177.05M	200.10M	211.16M	125.74M	80.02M	75.35M	214.89M	150.43M	228.54M	233.73M	236.72M	471.23M	554.59M	626.01M	652.34M	759.53M	825.36M	975.16M	770.20M	479.11M	284.01M	96.77M	57.94M	207.80M	265.99M	130.53M	237.23M	197.63M	328.55M	393.01M	385.46M	296.07M	477.02M
Cash Due from Bank	13.99M	18.89M			20.30M			33.21M	17.15M	25.82M	58.73M	49.71M	38.37M	60.09M	55.88M	50.20M	40.31M	52.85M	53.94M	55.13M	47.28M	56.34M	51.82M	64.87M	46.32M	57.67M	84.28M	53.26M	49.78M	84.52M	59.28M	62.83M	55.49M	75.89M	83.80M	59.41M	71.48M	89.17M	63.10M	61.89M	47.15M	69.13M	64.55M	70.41M	52.61M	61.86M	87.77M	56.99M	70.32M	98.90M	58.59M
Short-term Investments					134.66M			130.37M	139.49M	146.79M	479.44M	457.46M	339.69M	319.04M	322.52M	336.56M	339.96M	323.55M	332.76M	341.95M												1.00M	0.79M	2.57M	5.03M	4.61M	10.05M	17.07M	28.45M	26.17M	22.87M	26.88M	35.06M	27.50M	29.66M	30.16M	29.65M	26.79M	24.72M	25.93M	25.10M
Cash & Current Investments	127.00M	125.70M	76.37M	104.00M	270.67M	114.78M	57.98M	256.29M	286.45M	256.74M	598.29M	589.71M	440.87M	426.02M	464.25M	520.16M	392.94M	425.16M	509.81M	542.05M	211.16M	125.74M	80.02M	75.35M	214.89M	150.43M	228.54M	233.73M	236.72M	471.23M	554.59M	627.01M	653.13M	762.10M	830.39M	979.77M	780.26M	496.17M	312.46M	122.94M	80.81M	234.68M	301.05M	158.04M	266.89M	227.79M	358.19M	419.80M	410.18M	322.01M	502.12M
Interest Deposits	9.50M	9.63M			10.82M			6.43M	6.39M	6.29M	48.15M	72.44M	62.81M	46.90M	85.85M	133.40M	12.66M	48.76M	123.11M	144.97M	163.88M	69.40M	28.19M	10.48M	168.57M	92.75M	144.26M	180.47M	186.94M	386.71M	495.31M	563.17M	596.86M	683.64M	741.56M	915.75M	698.72M	389.94M	220.91M	34.88M	10.79M	138.66M	201.44M	60.12M	184.62M	135.77M	240.78M	336.02M	315.14M	197.17M	418.43M
Fed Funds Sold	103.51M	97.18M			104.88M			86.28M	123.43M	77.83M	19.23M	19.23M	7.57M	8.03M	8.03M	8.03M	9.24M	11.04M	11.04M	11.04M	11.04M	11.04M	11.07M	16.02M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	18.00M	17.72M	17.72M	17.72M	17.72M	17.72M	21.51M	21.51M	21.51M	21.51M	21.51M	21.51M	21.51M	21.51M	21.51M	21.51M
Securities - Mortgage Backed Securities											108.17M	100.26M	62.46M	57.55M	52.57M	47.39M	43.70M	40.20M	39.49M	38.79M
Securities - Tradable	199.78M	173.13M			138.31M			123.79M	131.18M	141.10M	475.27M	454.01M	343.81M	323.45M	325.44M	328.06M	332.44M	322.26M	330.09M	335.74M	336.99M	331.14M	326.53M	337.37M	337.88M	347.92M	345.53M	334.65M	312.15M	307.66M	312.42M	387.35M	434.26M	506.12M	559.56M	592.74M	605.66M	603.64M	583.00M	602.94M	619.97M	608.97M	592.30M	617.09M	609.15M	647.91M	703.38M	730.35M	787.58M	826.41M	855.14M
Loans - Gross	1,123.00M	1,094.04M	1,072.42M	1,035.29M	1,041.19M	1,022.96M	1,058.66M	1,075.49M	1,053.24M	1,066.80M	1,145.10M	1,186.71M	2,295.67M	2,379.94M	2,406.38M	1,884.55M	2,441.31M	2,527.28M	2,554.27M	2,169.96M	2,551.20M	2,636.86M	2,697.42M	2,753.09M	2,799.64M	2,881.49M	2,933.01M	2,856.67M	2,901.54M	3,333.06M	3,350.54M	365.00M	3,364.37M	3,250.00M	3,313.71M	3,453.46M	3,560.00M	3,723.80M	3,880.96M	3,916.62M	3,970.00M	4,051.84M	4,104.38M	4,303.76M	4,322.01M	4,440.00M	4,553.02M	4,600.78M	4,640.00M	4,700.00M	4,620.00M
Loans - Loss Allowance	38.72M	39.35M			28.68M			25.20M	22.82M	20.95M	20.86M	20.37M	16.26M	17.11M	17.53M	17.96M	18.28M	18.30M	19.19M	19.50M	19.97M	21.17M	21.69M	22.38M	23.14M	24.05M	24.41M	23.89M	24.83M	32.25M	35.57M	37.97M	38.70M	35.91M	37.42M	35.36M	35.15M	35.97M	39.12M	42.25M	42.88M	44.72M	48.01M	49.91M	51.64M	55.41M	56.59M	54.45M	56.67M	58.38M	59.13M
Loans - Net	1,084.28M	1,054.69M			1,012.51M			1,050.29M	1,030.42M	1,045.84M	2,052.63M	2,047.89M	2,279.41M	2,362.83M	2,388.85M	2,360.66M	2,423.04M	2,508.99M	2,535.08M	2,539.05M	2,531.23M	2,615.69M	2,675.72M	2,730.70M	2,776.50M	2,857.44M	2,908.60M	2,832.78M	2,876.72M	3,300.81M	3,314.97M	3,155.50M	3,325.68M	3,212.93M	3,276.29M	3,418.10M	3,520.64M	3,687.83M	3,841.84M	3,874.37M	3,922.65M	4,007.12M	4,056.37M	4,253.84M	4,270.37M	4,382.84M	4,496.43M	4,546.33M	4,579.88M	4,639.64M	4,556.03M
Non-Current Assets
Property, Plant & Equipment (Net)	27.14M	26.86M			25.92M			25.16M	24.90M	24.87M	49.00M	48.57M	45.96M	45.56M	45.21M	45.46M	45.85M	46.00M	45.61M	46.03M	46.30M	47.10M	48.10M	48.32M	50.11M	51.82M	54.59M	57.33M	59.14M	59.16M	60.45M	58.96M	55.39M	58.25M	57.47M	57.30M	56.08M	51.40M	52.12M	51.48M	51.51M	52.29M	52.23M	50.93M	50.84M	50.16M	54.23M	53.43M	53.69M	54.79M	56.16M
Long-Term Investments					173.02M				179.71M
Goodwill											50.87M	50.87M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M
Intangibles											17.21M	16.42M	11.92M	11.23M	10.59M	17.50M	9.32M	8.71M	8.16M	17.50M	7.04M	6.51M	6.04M	17.50M	5.08M	4.63M	4.24M	17.50M	3.44M	3.07M	2.75M	17.50M	2.12M	1.83M	1.59M	17.50M	1.11M	0.90M	0.74M	0.58M	0.42M	0.29M	0.21M
Goodwill & Intangibles											68.08M	67.29M	61.39M	60.70M	60.06M	66.97M	58.79M	58.19M	57.63M	66.97M	56.52M	55.99M	55.51M	66.97M	54.56M	54.11M	53.71M	66.97M	52.92M	52.55M	52.23M	66.97M	51.59M	51.30M	51.06M	66.97M	50.59M	50.37M	50.21M	50.06M	49.90M	49.76M	49.69M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M	49.47M
Long-Term Deferred Tax					24.24M			19.77M	17.75M	15.77M	9.24M
Other Non-Current Assets	16.59M	15.38M			15.31M			6.71M	30.16M	6.16M	20.70M	37.88M	27.50M	25.85M	27.76M	30.15M	30.38M	28.73M	31.31M	28.98M	31.66M	32.50M	33.52M	31.46M	30.02M	28.74M	33.42M	32.81M	31.13M	34.08M	36.78M	44.60M	47.25M	50.88M	56.46M	54.27M	64.76M	79.86M	97.74M	95.58M	91.25M	96.69M	120.84M	125.57M	127.46M	144.74M	147.82M	148.40M	153.99M	170.50M	180.88M
Assets	1,537.87M	1,477.98M			1,422.93M			1,422.00M	1,426.97M	1,413.52M	2,879.28M	2,863.10M	2,926.06M	2,999.94M	3,063.96M	3,082.57M	3,018.92M	3,143.34M	3,254.66M	3,286.70M	3,293.90M	3,288.52M	3,300.11M	3,363.91M	3,551.75M	3,576.14M	3,710.38M	3,632.91M	3,657.39M	4,314.38M	4,420.61M	4,437.34M	4,710.35M	4,757.41M	4,964.41M	5,257.75M	5,175.90M	5,058.56M	5,016.93M	4,872.62M	4,895.87M	5,137.59M	5,251.01M	5,353.22M	5,465.95M	5,602.39M	5,917.13M	6,052.16M	6,141.20M	6,180.99M	6,308.49M
Liabilities
Current Liabilities
Accounts Payables	1,247.93M	1,185.33M			1,135.20M			1,121.51M	1,118.91M	1,108.25M	2,303.26M	2,271.71M	2,265.12M	2,279.72M	2,329.44M	2,374.99M	2,278.02M	2,370.72M	2,489.04M	2,522.36M	2,540.05M	2,529.81M	2,508.81M	2,463.71M	2,610.97M	2,619.21M	2,767.09M	2,690.38M	2,645.42M	3,262.28M	3,372.03M	3,411.55M	3,644.96M	3,671.27M	3,870.00M	4,083.19M	3,980.00M	3,873.89M	3,850.00M	3,712.81M	3,600.00M	3,760.00M	3,900.74M	3,900.92M	4,010.00M	4,150.00M	4,460.00M	4,698.37M	4,681.78M	4,710.47M	4,811.81M
Payables	1,247.93M	1,185.33M			1,135.20M			1,121.51M	1,118.91M	1,108.25M	2,303.26M	2,271.71M	2,265.12M	2,279.72M	2,329.44M	2,374.99M	2,278.02M	2,370.72M	2,489.04M	2,522.36M	2,540.05M	2,529.81M	2,508.81M	2,463.71M	2,610.97M	2,619.21M	2,767.09M	2,690.38M	2,645.42M	3,262.28M	3,372.03M	3,411.55M	3,644.96M	3,671.27M	3,870.00M	4,083.19M	3,980.00M	3,873.89M	3,850.00M	3,712.81M	3,600.00M	3,760.00M	3,900.74M	3,900.92M	4,010.00M	4,150.00M	4,460.00M	4,698.37M	4,681.78M	4,710.47M	4,811.81M
Accumulated Expenses	8.11M	6.88M			8.38M			6.99M	7.43M	6.42M	10.25M	16.20M	17.75M	16.46M	15.55M	15.23M	16.17M	14.02M	15.44M	14.20M	14.93M	13.36M	13.42M	25.23M	15.45M	16.60M	21.39M	22.41M	19.26M	18.13M	18.27M	24.31M	23.83M	22.61M	25.22M	24.64M	39.80M	53.03M	80.39M	78.21M	70.07M	76.63M	106.72M	93.90M	106.93M	116.55M	100.51M	121.02M	102.84M	99.83M	100.91M
Non-Current Liabilities
Non-Current Debt	71.21M	69.34M			64.77M			65.68M	69.31M	63.16M	124.11M	142.87M	162.31M	178.00M	178.00M	175.00M	205.00M	245.00M	220.00M	220.00M	220.00M	230.00M	240.00M	350.00M	384.00M	374.00M	364.00M	354.00M	394.00M	394.00M	394.00M	394.00M	394.00M	394.00M	394.00M	374.00M	382.26M	362.26M	338.26M	308.26M	377.91M	467.91M	457.91M	467.91M	447.08M	427.08M	417.08M	387.08M	366.22M	356.22M	346.22M
Liabilities from Discontinued Operations																																	17.28M
Non-Current Deferred Tax Liability					2.22M				0.71M
Other Non-Current Liabilities	1.14M	1.14M			1.11M			0.39M	0.26M	0.25M	0.39M	0.14M	0.27M																			1.03M	0.81M	2.67M	5.25M	4.86M	10.25M	17.20M	28.54M	26.38M	23.25M	27.19M	35.24M	27.96M	30.04M	30.52M	30.25M	27.05M	25.07M	26.40M	25.52M
Total Non-Current Liabilities	1,405.82M	1,340.11M			1,275.22M			1,271.78M	1,273.38M	1,255.58M	2,562.75M	2,541.98M	2,587.23M																			3,994.76M	4,268.30M	4,302.86M	4,506.88M	4,796.33M	4,729.18M	4,612.38M	4,572.13M	4,404.83M	4,405.25M	4,631.69M	4,732.56M	4,803.11M	4,899.27M	5,020.72M	5,303.56M	5,440.59M	5,507.78M	5,523.07M	5,625.34M
Total Liabilities	1,406.96M	1,341.25M			1,276.34M			1,272.17M	1,273.64M	1,255.83M	2,563.14M	2,542.11M	2,587.50M	2,655.36M	2,714.49M	2,741.76M	2,670.87M	2,785.84M	2,892.11M	2,920.83M	2,925.56M	2,913.60M	2,920.64M	2,988.66M	3,168.03M	3,176.02M	3,303.18M	3,216.35M	3,239.00M	3,889.16M	3,988.71M	3,995.79M	4,269.11M	4,305.53M	4,512.13M	4,801.19M	4,739.43M	4,629.57M	4,600.67M	4,431.21M	4,428.50M	4,658.89M	4,767.80M	4,831.08M	4,929.31M	5,051.24M	5,333.82M	5,467.64M	5,532.85M	5,549.47M	5,650.86M
Shareholder's Equity
Total Debt	71.21M	69.34M			64.77M			65.68M	69.31M	63.16M	124.11M	142.87M	162.31M	178.00M	178.00M	175.00M	205.00M	245.00M	220.00M	220.00M	220.00M	230.00M	240.00M	350.00M	384.00M	374.00M	364.00M	354.00M	394.00M	394.00M	394.00M	394.00M	394.00M	394.00M	394.00M	374.00M	382.26M	362.26M	338.26M	308.26M	377.91M	467.91M	457.91M	467.91M	447.08M	427.08M	417.08M	387.08M	366.22M	356.22M	346.22M
Common Equity	130.92M	136.73M	165.00M	144.56M	146.59M	149.69M	150.94M	149.83M	153.32M	157.69M	316.14M	320.99M	338.55M	344.58M	349.47M	340.81M	348.05M	357.50M	362.55M	365.87M	368.34M	374.92M	379.46M	375.25M	383.73M	400.12M	407.20M	416.56M	418.39M	425.22M	431.90M	441.55M	441.24M	451.89M	452.28M	456.56M	436.47M	428.98M	416.26M	441.41M	467.37M	478.70M	483.21M	522.14M	536.64M	551.15M	583.31M	584.53M	608.35M	631.52M	657.63M
Shareholder's Equity	130.92M	136.73M	165.00M	144.56M	146.59M	149.69M	150.94M	149.83M	153.32M	157.69M	316.14M	320.99M	338.55M	344.58M	349.47M	340.81M	348.05M	357.50M	362.55M	365.87M	368.34M	374.92M	379.46M	375.25M	383.73M	400.12M	407.20M	416.56M	418.39M	425.22M	431.90M	441.55M	441.24M	451.89M	452.28M	456.56M	436.47M	428.98M	416.26M	441.41M	467.37M	478.70M	483.21M	522.14M	536.64M	551.15M	583.31M	584.53M	608.35M	631.52M	657.63M
Liabilities and Shareholders Equity	1,537.87M	1,477.98M			1,422.93M			1,422.00M	1,426.97M	1,413.52M	2,879.28M	2,863.10M	2,926.06M	2,999.94M	3,063.96M	3,082.57M	3,018.92M	3,143.34M	3,254.66M	3,286.70M	3,293.90M	3,288.52M	3,300.11M	3,363.91M	3,551.75M	3,576.14M	3,710.38M	3,632.91M	3,657.39M	4,314.38M	4,420.61M	4,437.34M	4,710.35M	4,757.41M	4,964.41M	5,257.75M	5,175.90M	5,058.56M	5,016.93M	4,872.62M	4,895.87M	5,137.59M	5,251.01M	5,353.22M	5,465.95M	5,602.39M	5,917.13M	6,052.16M	6,141.20M	6,180.99M	6,308.49M
Retained Earnings	-65.31M	-62.63M			-21.13M			-9.26M	-5.57M	-3.87M	-2.99M	5.95M	33.70M	38.55M	43.66M	40.90M	45.60M	50.01M	55.26M	61.00M	68.24M	74.08M	80.28M	75.48M	83.11M	90.62M	98.88M	107.83M	114.01M	118.24M	124.45M	134.04M	143.64M	157.15M	167.54M	174.54M	181.53M	188.45M	199.50M	216.31M	232.12M	247.31M	262.84M	277.53M	293.55M	306.80M	320.72M	334.65M	348.28M	364.99M	382.68M
Preferred Shares	20.20M	20.27M
Treasury Shares			0.04M		0.07M				0.06M				0.94M	0.96M	0.96M	0.23M	0.96M	0.96M	0.96M	0.24M	0.96M	0.96M	0.96M	0.26M	1.28M	1.28M	1.39M	0.26M	0.22M			0.26M	0.12M	0.35M	0.64M	0.35M												0.23M	0.28M

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Mercantile Bank Balance Sheet (2011-2025) | MBWM

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