Mercantile Bank Corp Balance Sheet

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Balance Sheet Dec2011 Dec2012 Dec2013 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Assets
Current Assets
Cash & Equivalents 76.37M136.00M146.97M183.60M200.10M75.35M233.73M626.01M975.16M96.77M130.53M393.01M
Cash Due from Bank 20.30M17.15M50.20M55.13M64.87M53.26M62.83M59.41M61.89M70.41M56.99M
Short-term Investments 134.66M139.49M336.56M341.95M1.00M4.61M26.17M27.50M26.79M
Cash & Current Investments 76.37M270.67M286.45M520.16M542.05M75.35M233.73M627.01M979.77M122.94M158.04M419.80M
Interest Deposits 10.82M6.39M133.40M144.97M10.48M180.47M563.17M915.75M34.88M60.12M336.02M
Fed Funds Sold 104.88M123.43M8.03M11.04M16.02M18.00M18.00M18.00M17.72M21.51M21.51M
Securities - Mortgage Backed Securities 47.39M38.79M
Securities - Tradable 138.31M131.18M328.06M335.74M337.37M334.65M387.35M592.74M602.94M617.09M730.35M
Loans - Gross 1,072.42M1,041.19M1,053.24M1,884.55M2,169.96M2,753.09M2,856.67M365.00M3,453.46M3,916.62M4,303.76M4,600.78M
Loans - Loss Allowance 28.68M22.82M17.96M19.50M22.38M23.89M37.97M35.36M42.25M49.91M54.45M
Loans - Net 1,012.51M1,030.42M2,360.66M2,539.05M2,730.70M2,832.78M3,155.50M3,418.10M3,874.37M4,253.84M4,546.33M
Non-Current Assets
Property, Plant & Equipment (Net) 25.92M24.90M45.46M46.03M48.32M57.33M58.96M57.30M51.48M50.93M53.43M
Long-Term Investments 173.02M179.71M
Goodwill 49.47M49.47M49.47M49.47M49.47M49.47M49.47M49.47M49.47M
Intangibles 17.50M17.50M17.50M17.50M17.50M17.50M0.58M
Goodwill & Intangibles 66.97M66.97M66.97M66.97M66.97M66.97M50.06M49.47M49.47M
Long-Term Deferred Tax 24.24M17.75M
Other Non-Current Assets 15.31M30.16M30.15M28.98M31.46M32.81M44.60M54.27M95.58M125.57M148.40M
Assets 1,422.93M1,426.97M3,082.57M3,286.70M3,363.91M3,632.91M4,437.34M5,257.75M4,872.62M5,353.22M6,052.16M
Liabilities
Current Liabilities
Accounts Payables 1,135.20M1,118.91M2,374.99M2,522.36M2,463.71M2,690.38M3,411.55M4,083.19M3,712.81M3,900.92M4,698.37M
Payables 1,135.20M1,118.91M2,374.99M2,522.36M2,463.71M2,690.38M3,411.55M4,083.19M3,712.81M3,900.92M4,698.37M
Accumulated Expenses 8.38M7.43M15.23M14.20M25.23M22.41M24.31M24.64M78.21M93.90M121.02M
Non-Current Liabilities
Non-Current Debt 64.77M69.31M175.00M220.00M350.00M354.00M394.00M374.00M308.26M467.91M387.08M
Non-Current Deferred Tax Liability 2.22M0.71M
Other Non-Current Liabilities 1.11M0.26M1.03M4.86M26.38M27.96M27.05M
Total Non-Current Liabilities 1,275.22M1,273.38M3,994.76M4,796.33M4,404.83M4,803.11M5,440.59M
Total Liabilities 1,276.34M1,273.64M2,741.76M2,920.83M2,988.66M3,216.35M3,995.79M4,801.19M4,431.21M4,831.08M5,467.64M
Shareholder's Equity
Total Debt 64.77M69.31M175.00M220.00M350.00M354.00M394.00M374.00M308.26M467.91M387.08M
Common Equity 165.00M146.59M153.32M340.81M365.87M375.25M416.56M441.55M456.56M441.41M522.14M584.53M
Shareholder's Equity 165.00M146.59M153.32M340.81M365.87M375.25M416.56M441.55M456.56M441.41M522.14M584.53M
Liabilities and Shareholders Equity 1,422.93M1,426.97M3,082.57M3,286.70M3,363.91M3,632.91M4,437.34M5,257.75M4,872.62M5,353.22M6,052.16M
Retained Earnings -21.13M-5.57M40.90M61.00M75.48M107.83M134.04M174.54M216.31M277.53M334.65M
Treasury Shares 0.04M0.07M0.06M0.23M0.24M0.26M0.26M0.26M0.35M0.23M