Mercantile Bank Corporation MBWM Balance Sheet

Income Statement

Quarter End	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Total Assets	4.96B	5.26B	5.18B	5.06B	5.02B	4.87B	4.9B	5.14B
Total Current Assets	0	0	0	0	0	0	0	0
Cash and Equivalents	825.36M	975.16M	770.2M	479.11M	284.01M	96.77M	57.94M	207.8M
Securities	559.56M	592.74M	605.66M	603.64M	583M	602.94M	619.97M	608.97M
Loans	3.28B	3.42B	3.52B	3.69B	3.84B	3.87B	3.92B	4.01B
Total Liabilities	4.51B	4.8B	4.74B	4.63B	4.6B	4.43B	4.43B	4.66B
Total Deposits	3.87B	4.08B	3.98B	3.87B	3.85B	3.71B	3.62B	3.76B
Common Equity	285.03M	285.75M	286.83M	288.2M	289.22M	290.44M	291.52M	292.91M
Retained Earnings	167.54M	174.54M	181.53M	188.45M	199.51M	216.31M	232.12M	247.31M

Year End December 30 2024	2017	2018	2019	2020	2021	2022	2023	2024
	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Total Assets	3.29B	3.36B	3.63B	4.44B	5.26B	4.87B	5.35B	6.05B
Total Current Assets	0	0	0	0	0	0	0	0
Cash and Equivalents	200.1M	75.35M	233.73M	626.01M	975.16M	96.77M	130.53M	393.01M
Securities	335.74M	337.37M	334.66M	387.35M	592.74M	602.94M	617.09M	730.35M
Loans	2.54B	2.73B	2.83B	3.18B	3.42B	3.87B	4.25B	4.55B
Total Liabilities	2.92B	2.99B	3.22B	4B	4.8B	4.43B	4.83B	5.47B
Total Deposits	2.52B	2.46B	2.69B	3.41B	4.08B	3.71B	3.9B	4.7B
Total Equity	365.87M	375.25M	416.56M	441.55M	456.56M	441.41M	522.15M	584.53M
Common Equity	309.77M	308.01M	305.04M	302.03M	285.75M	290.44M	295.11M	299.71M
Retained Earnings	61M	75.48M	107.83M	134.04M	174.54M	216.31M	277.53M	334.65M