7Baggers

Mercantile Bank Quarterly Balance Sheets Chart

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 Goodwill  
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Mercantile Bank Quarterly Balance Sheets Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-06-30 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 
                                                        
  assets                                                      
  cash and due from banks98,900,000 70,320,000 56,991,000 87,766,000 61,863,000 52,606,000 70,408,000 64,551,000 69,133,000 47,151,000 61,894,000 63,105,000 89,167,000 71,480,000 59,405,000 83,804,000 75,893,000 55,489,000 62,832,000 59,283,000 84,516,000 49,781,000 53,262,000 84,275,000 57,675,000 46,322,000 56,338,000 33,207,000 16,789,000 14,382,000 20,302,000 15,311,000 18,405,000 13,642,000 12,402,000 18,890,000 13,988,000 11,277,000 6,674,000 15,854,000 16,521,000 12,606,000 18,896,000 14,445,000 15,601,000 17,155,000 16,754,000 25,694,000 37,632,000 31,903,000  28,764,000 48,190,000 52,098,000 
  interest-earning assets197,172,000                                                      
  total cash and cash equivalents296,072,000 385,460,000 393,010,000 328,546,000 197,629,000 237,231,000 130,533,000 265,987,000 207,796,000 57,938,000 96,772,000 284,014,000 479,105,000 770,204,000 975,160,000 825,361,000 759,531,000 652,344,000 626,006,000 554,591,000 471,227,000 236,719,000 233,731,000 228,538,000 150,425,000 214,894,000 125,740,000 125,918,000 57,977,000 114,777,000 136,003,000 103,995,000 82,466,000 85,008,000 76,372,000 125,703,000 126,999,000 76,888,000 64,198,000 171,996,000 79,883,000 96,433,000 21,735,000 66,675,000 38,902,000 137,286,000 25,804,000 30,601,000 37,769,000 32,440,000  29,298,000 48,441,000 65,766,000 
  securities available for sale826,415,000 787,583,000 730,352,000 703,375,000 647,907,000 609,153,000 617,092,000 592,305,000 608,972,000 619,973,000 602,936,000 582,999,000 603,638,000 605,661,000 592,743,000 559,564,000 506,125,000 434,257,000 387,347,000 312,424,000 307,661,000 312,147,000 334,655,000 345,533,000 347,924,000 337,876,000 331,142,000 123,793,000 130,134,000 140,013,000 138,314,000 135,660,000 127,591,000 149,981,000 172,992,000 173,134,000 199,785,000 207,321,000 220,830,000 214,343,000 217,117,000 212,949,000 182,492,000 160,880,000 158,996,000 161,484,000 162,669,000 144,019,000 129,013,000 133,978,000  135,243,000 133,247,000 133,346,000 
  federal home loan bank stock21,513,000 21,513,000 21,513,000 21,513,000 21,513,000 21,513,000 21,513,000 21,513,000 21,513,000 17,721,000 17,721,000 17,721,000 17,721,000 17,721,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 18,002,000 11,036,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 11,961,000 14,345,000 14,345,000 15,681,000 15,681,000 15,681,000 15,681,000 15,681,000 15,681,000 15,681,000 15,681,000 15,681,000 14,973,000 12,230,000  7,534,000 7,534,000 7,509,000 
  mortgage loans held for sale27,569,000 15,192,000 15,824,000 29,260,000 22,126,000 14,393,000 18,607,000 10,171,000 11,942,000 3,821,000 3,565,000 14,411,000 12,964,000 14,746,000 16,117,000 47,247,000 27,720,000 40,297,000                                     
  loans4,698,019,000 4,636,549,000 4,600,781,000 4,553,018,000 4,438,245,000 4,322,006,000 4,303,758,000 4,104,376,000 4,051,843,000 3,965,528,000 3,916,619,000 3,880,958,000 3,723,800,000 3,555,790,000 3,453,459,000 3,313,709,000 3,248,841,000 3,364,370,000 3,216,358,000 3,350,544,000 3,333,056,000 2,901,543,000 2,856,667,000 2,933,013,000 2,881,493,000 2,799,639,000 2,636,856,000 1,075,487,000 1,058,662,000 1,022,956,000 1,041,189,000 1,035,288,000 1,060,996,000 1,051,674,000 1,072,422,000 1,094,037,000 1,122,999,000 1,206,886,000                 
  allowance for credit losses-58,375,000 -56,666,000 -54,454,000 -56,590,000 -55,408,000 -51,638,000 -49,914,000 -48,008,000 -44,721,000 -42,877,000 -42,246,000 -39,120,000 -35,974,000 -35,153,000                                         
  premises and equipment54,792,000 53,693,000 53,427,000 54,230,000 50,158,000 50,835,000 50,928,000 52,231,000 52,291,000 51,510,000 51,476,000 52,117,000 51,402,000 56,078,000 57,298,000 57,465,000 58,250,000 55,388,000 58,959,000 60,446,000 59,155,000 59,143,000 57,327,000 54,585,000 51,823,000 50,109,000 47,102,000 25,159,000 25,382,000 25,665,000 25,919,000 26,100,000 26,164,000 26,467,000 26,802,000 26,865,000 27,144,000 27,518,000 27,873,000 28,251,000 28,636,000 29,141,000 29,684,000 30,247,000 30,854,000 31,697,000 32,334,000 32,958,000 33,557,000 34,178,000  34,492,000 34,797,000 34,294,000 
  bank owned life insurance95,012,000 94,417,000 93,839,000 86,486,000 86,001,000 85,528,000 85,668,000 81,907,000 81,500,000 81,113,000 80,727,000 75,880,000 75,664,000 75,508,000 75,242,000 72,963,000 72,679,000 72,395,000 72,131,000 71,170,000 70,900,000 70,613,000 70,297,000 67,993,000 67,678,000 69,789,000 69,321,000 51,073,000 50,736,000 50,386,000 50,048,000 49,690,000 49,312,000 48,927,000 48,520,000 48,083,000 47,631,000 47,182,000 46,743,000 46,335,000 45,890,000 45,436,000 45,024,000            
  goodwill49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000 49,473,000                            
  other assets170,498,000 153,986,000 148,396,000 147,816,000 144,744,000 127,459,000 125,566,000 120,845,000 96,687,000 91,250,000 94,993,000 97,740,000 79,862,000 64,759,000 54,267,000 56,462,000 50,879,000 47,246,000 44,599,000 36,778,000 34,079,000 31,132,000 32,812,000 33,420,000 28,740,000 30,023,000 32,504,000 6,710,000 6,558,000 14,745,000 15,310,000 15,532,000 15,719,000 15,483,000 14,994,000 15,379,000 16,592,000 17,144,000 18,553,000 23,458,000 24,585,000 25,632,000 26,745,000 48,598,000 38,250,000 30,588,000 26,303,000 28,307,000 26,022,000 24,766,000  18,787,000 20,310,000 14,954,000 
  total assets6,180,988,000 6,141,200,000 6,052,161,000 5,917,127,000 5,602,388,000 5,465,953,000 5,353,224,000 5,251,012,000 5,137,587,000 4,895,874,000 4,872,619,000 5,016,934,000 5,058,555,000 5,175,899,000 5,257,749,000 4,964,412,000 4,757,414,000 4,710,354,000 4,437,344,000 4,420,610,000 4,314,379,000 3,657,387,000 3,632,915,000 3,710,380,000 3,576,139,000 3,551,754,000 3,288,521,000 1,422,003,000 1,343,750,000 1,385,355,000 1,422,926,000 1,388,364,000 1,385,245,000 1,401,596,000 1,433,229,000 1,477,985,000 1,537,874,000 1,576,935,000 1,632,421,000 1,813,383,000 1,804,062,000 1,902,923,000 1,906,208,000 2,017,350,000 2,071,372,000 2,239,764,000 2,208,010,000 2,207,359,000 2,163,354,000 2,115,948,000 2,121,403,000 2,106,427,000 2,103,520,000 2,089,577,000 
  liabilities and shareholders' equity                                                      
  deposits                                                  1,591,181,000    
  noninterest-bearing1,180,801,000 1,173,499,000 1,264,523,000 1,182,219,000 1,119,888,000 1,134,995,000 1,247,640,000 1,309,672,000 1,371,633,000 1,376,782,000 1,604,750,000 1,716,904,000 1,740,432,000 1,686,203,000 1,677,952,000 1,647,380,000 1,620,829,000 1,605,471,000 1,433,403,000 1,449,879,000 1,445,620,000 956,290,000 924,916,000 967,189,000 918,581,000 857,734,000 884,470,000 216,055,000 197,304,000 189,477,000 190,241,000 166,890,000 164,532,000 151,617,000 147,031,000 144,022,000 144,761,000 136,025,000 112,944,000 111,338,000 126,572,000 118,391,000 121,157,000 108,509,000 122,388,000 112,617,000 110,712,000 109,154,000 131,107,000 121,755,000  121,336,000 124,977,000 130,857,000 
  interest-bearing3,529,671,000 3,508,286,000 3,433,843,000 3,273,679,000 3,026,686,000 2,872,815,000 2,653,278,000 2,591,063,000 2,385,156,000 2,221,236,000 2,108,061,000 2,129,181,000 2,133,461,000 2,290,048,000 2,405,241,000 2,221,611,000 2,050,442,000 2,039,491,000 1,978,150,000 1,922,155,000 1,816,660,000 1,689,126,000 1,765,468,000 1,799,902,000 1,700,628,000 1,753,240,000 1,645,341,000 905,454,000 864,011,000 903,313,000 944,963,000 940,676,000 941,098,000 941,817,000 965,044,000 1,041,311,000 1,103,171,000 1,117,619,000 1,160,888,000 1,240,526,000 1,213,588,000 1,301,818,000 1,280,470,000 1,342,459,000 1,356,245,000 1,538,666,000 1,488,863,000 1,466,559,000 1,413,597,000 1,432,995,000  1,519,648,000 1,514,033,000 1,555,300,000 
  total deposits4,710,472,000 4,681,785,000 4,698,366,000 4,455,898,000 4,146,574,000 4,007,810,000 3,900,918,000 3,900,735,000 3,756,789,000 3,598,018,000 3,712,811,000 3,846,085,000 3,873,893,000 3,976,251,000 4,083,193,000 3,868,991,000 3,671,271,000 3,644,962,000 3,411,553,000 3,372,034,000 3,262,280,000  2,690,384,000 2,767,091,000 2,619,209,000 2,610,974,000 2,529,811,000 1,121,509,000 1,061,315,000 1,092,790,000 1,135,204,000 1,107,566,000 1,105,630,000 1,093,434,000  1,185,333,000 1,247,932,000 1,253,644,000  1,351,864,000 1,340,160,000 1,420,209,000  1,450,968,000 1,478,633,000 1,651,283,000  1,575,713,000 1,544,704,000 1,554,750,000  1,640,984,000 1,639,010,000 1,686,157,000 
  securities sold under agreements to repurchase242,785,000 242,102,000 121,521,000 220,936,000 221,898,000 228,618,000 229,734,000 164,082,000 219,457,000 227,453,000 194,340,000 198,605,000 203,339,000 204,271,000 197,463,000 175,850,000 169,737,000 141,310,000 118,365,000 157,017,000 167,527,000 133,270,000 102,675,000 103,990,000 119,669,000 111,235,000 94,573,000 65,680,000 57,328,000 68,744,000 64,765,000 60,031,000 52,831,000 57,440,000 72,569,000 69,340,000 71,207,000 80,821,000 116,979,000 116,241,000 108,271,000 98,619,000 99,755,000 102,847,000 109,585,000 91,982,000 94,413,000 105,986,000 82,300,000 83,184,000 97,465,000 88,683,000 84,987,000 78,045,000 
  federal home loan bank advances356,221,000 366,221,000 387,083,000 417,083,000 427,083,000 447,083,000 467,910,000 457,910,000 467,910,000 377,910,000 308,263,000 338,263,000 362,263,000 382,263,000 374,000,000 394,000,000 394,000,000 394,000,000 394,000,000 394,000,000 394,000,000 394,000,000 354,000,000 364,000,000 374,000,000 384,000,000 230,000,000 45,000,000 35,000,000 35,000,000 35,000,000 35,000,000 35,000,000 45,000,000 45,000,000 45,000,000 45,000,000 65,000,000 65,000,000 160,000,000 160,000,000 190,000,000 205,000,000 225,000,000 235,000,000 260,000,000 270,000,000 285,000,000 285,000,000 230,000,000 180,000,000 135,000,000 135,000,000 90,000,000 
  subordinated debentures50,672,000 50,501,000 50,330,000 50,158,000 49,987,000 49,815,000 49,644,000 49,473,000 49,301,000 49,130,000 48,958,000 48,787,000 48,585,000 48,415,000 48,244,000 48,074,000 47,904,000 47,733,000 47,563,000 47,392,000 47,222,000 47,051,000 46,881,000 46,710,000 46,540,000 46,369,000 45,858,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 32,990,000 
  subordinated notes89,486,000 89,400,000 89,314,000 89,228,000 89,143,000 89,057,000 88,971,000 88,885,000 88,800,000 88,714,000 88,628,000 88,542,000 88,457,000 88,428,000 73,646,000                                        
  accrued interest and other liabilities99,833,000 102,845,000 121,021,000 100,513,000 116,552,000 106,926,000 93,902,000 106,716,000 76,628,000 70,070,000 78,211,000 80,391,000 53,035,000 39,800,000 24,644,000 25,219,000 22,614,000 23,826,000 24,309,000 18,267,000 18,129,000 19,261,000 22,414,000 21,389,000 16,604,000 15,447,000 13,360,000 6,990,000 6,179,000 6,139,000 6,933,000 6,786,000 7,709,000 4,234,000 4,162,000 6,875,000 8,107,000 5,933,000 5,880,000    7,242,000    17,132,000        
  total liabilities5,549,469,000 5,532,854,000 5,467,635,000 5,333,816,000 5,051,237,000 4,929,309,000 4,831,079,000 4,767,801,000 4,658,885,000 4,428,502,000 4,431,211,000 4,600,673,000 4,629,572,000 4,739,428,000 4,801,190,000 4,512,134,000 4,305,526,000 4,269,111,000 3,995,790,000 3,988,710,000 3,889,158,000 3,238,998,000 3,216,354,000 3,303,180,000 3,176,022,000 3,168,025,000 2,913,602,000 1,272,169,000 1,192,812,000 1,235,663,000 1,276,336,000 1,243,806,000 1,235,583,000 1,234,512,000 1,268,230,000 1,341,252,000 1,406,957,000 1,450,121,000 1,506,485,000 1,678,649,000 1,665,019,000 1,764,703,000 1,766,104,000 1,840,059,000 1,889,680,000 2,070,419,000 2,033,638,000 2,036,011,000 1,995,641,000 1,941,653,000  1,928,703,000 1,928,989,000 1,914,100,000 
  commitments and contingent liabilities                                                      
  shareholders' equity                                                      
  preferred stock, no par value; 1,000,000 shares authorized; none issued0 0  0 0 0  0 0 0  0 0 0  0 0 0  0 0 0  0 0 0 0 0 0 0                         
  common stock302,294,000 300,732,000 299,705,000 298,704,000 297,591,000 296,065,000 295,106,000 293,961,000 292,906,000 291,516,000 290,436,000 289,219,000 288,199,000 286,831,000 285,752,000 285,033,000 293,232,000 299,358,000 302,029,000 301,896,000 300,897,000 299,584,000 305,035,000 304,065,000 306,669,000 305,346,000 311,720,000 163,629,000 164,548,000 165,353,000 166,074,000 166,728,000 172,888,000 172,872,000 172,841,000 172,834,000 172,801,000 172,732,000 172,677,000 172,768,000 172,631,000 172,493,000 172,438,000 172,362,000 172,277,000 172,194,000 172,353,000 172,480,000 172,640,000 173,134,000  176,610,000 176,461,000 176,332,000 
  retained earnings364,991,000 348,281,000 334,646,000 320,722,000 306,804,000 293,554,000 277,526,000 262,838,000 247,313,000 232,123,000 216,313,000 199,505,000 188,452,000 181,532,000 174,536,000 167,541,000 157,150,000 143,642,000 134,039,000 124,451,000 118,239,000 114,012,000 107,831,000 98,876,000 90,618,000 83,107,000 74,084,000 -9,264,000 -12,718,000 -16,734,000 -21,134,000 -24,183,000 -26,799,000 -30,087,000 -32,639,000 -62,630,000 -65,312,000 -67,693,000 -68,781,000 -63,500,000 -57,818,000 -57,134,000 -54,170,000 -17,764,000 -12,158,000 -5,770,000 -1,281,000 -1,593,000 -2,672,000 -60,000  2,220,000 1,038,000 0 
  accumulated other comprehensive income-35,766,000         -56,267,000    -31,892,000    -1,757,000    4,793,000    -4,724,000  -4,531,000 -892,000 1,073,000 1,650,000 2,013,000 2,435,000 2,765,000 3,328,000 5,125,000 2,088,000 499,000 825,000 4,312,000 3,137,000 1,827,000 859,000 1,773,000 710,000 2,921,000 3,300,000 461,000 -2,255,000 1,221,000  -1,106,000 -2,968,000 -855,000 
  total shareholders’ equity631,519,000 608,346,000 584,526,000 583,311,000 551,151,000 536,644,000 522,145,000 483,211,000 478,702,000 467,372,000 441,408,000 416,261,000 428,983,000 436,471,000 456,559,000 452,278,000 451,888,000 441,243,000 441,554,000 431,900,000 425,221,000 418,389,000 416,561,000 407,200,000 400,117,000 383,729,000 374,919,000 149,834,000 150,938,000 149,692,000 146,590,000 144,558,000 149,662,000 167,084,000 164,999,000 136,733,000 130,917,000 126,814,000 125,936,000 134,734,000 139,043,000 138,220,000 140,104,000 177,291,000 181,692,000 169,345,000 174,372,000 171,348,000 167,713,000 174,295,000  177,724,000 174,531,000 175,477,000 
  total liabilities and shareholders’ equity6,180,988,000 6,141,200,000 6,052,161,000 5,917,127,000 5,602,388,000 5,465,953,000 5,353,224,000 5,251,012,000 5,137,587,000 4,895,874,000 4,872,619,000 5,016,934,000 5,058,555,000 5,175,899,000 5,257,749,000 4,964,412,000 4,757,414,000 4,710,354,000 4,437,344,000 4,420,610,000 4,314,379,000 3,657,387,000 3,632,915,000 3,710,380,000 3,576,139,000 3,551,754,000 3,288,521,000 1,422,003,000 1,343,750,000 1,385,355,000 1,422,926,000 1,388,364,000 1,385,245,000 1,401,596,000 1,433,229,000 1,477,985,000 1,537,874,000 1,576,935,000 1,632,421,000 1,813,383,000 1,804,062,000 1,902,923,000 1,906,208,000 2,017,350,000 2,071,372,000 2,239,764,000 2,208,010,000 2,207,359,000 2,163,354,000 2,115,948,000  2,106,427,000 2,103,520,000 2,089,577,000 
  interest-earning deposits 315,140,000 336,019,000 240,780,000 135,766,000 184,625,000  201,436,000 138,663,000 10,787,000 34,878,000 220,909,000 389,938,000 698,724,000 915,755,000 741,557,000 683,638,000 596,855,000 563,174,000 495,308,000 386,711,000 186,938,000 180,469,000 144,263,000 92,750,000 168,572,000 69,402,000                            
  accumulated other comprehensive gain -40,667,000  -36,115,000 -53,244,000 -52,975,000  -73,588,000 -61,517,000                                              
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2024 and december 31, 2023  0                                                    
  accumulated other comprehensive gain/  -49,825,000    -50,487,000    -65,341,000 -72,463,000 -47,668,000  -3,729,000 -296,000 1,506,000  5,486,000 5,553,000 6,085,000  3,695,000 4,259,000 2,830,000                              
  other interest-earning assets      60,125,000                                                
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2023 and december 31, 2022      0                                                
  core deposit intangible       212,000 291,000 424,000 583,000 741,000 900,000 1,112,000 1,351,000 1,589,000 1,827,000 2,118,000 2,436,000 2,754,000 3,072,000 3,443,000 3,840,000 4,237,000 4,634,000 5,084,000 6,514,000                            
  federal funds purchased         17,207,000                             0 0 0 0 2,600,000    0 0 16,000,000 15,800,000  3,300,000 9,100,000 0 
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2022 and december 31, 2021          0                                            
  allowance for loan losses              -35,363,000 -37,423,000 -35,913,000 -38,695,000 -37,967,000 -35,572,000 -32,246,000 -24,828,000 -23,889,000 -24,414,000 -24,053,000 -23,135,000 -21,167,000 -25,195,000 -24,947,000 -26,035,000 -28,677,000 -27,762,000 -29,689,000 -30,943,000 -36,532,000 -39,351,000 -38,720,000 -42,118,000                 
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2021 and december 31, 2020              0                                        
  assets held for sale                 13,159,000                                     
  liabilities held for sale                 17,280,000                                     
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2020 and december 31, 2019                  0                                    
  total depositss                     2,645,416,000                                 
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2019 and december 31, 2018                      0                                
  accumulated other comprehensive loss                          -10,885,000                            
  interest-bearing deposit balances                           6,428,000 6,108,000 10,801,000 10,822,000 10,672,000 10,585,000 10,344,000 9,641,000 9,630,000 9,501,000                  
  federal funds sold                           86,283,000 35,080,000 89,594,000 104,879,000 78,012,000 53,476,000 61,022,000 54,329,000 97,183,000 103,510,000 56,068,000 47,924,000 146,668,000 53,892,000 74,352,000 1,368,000 50,426,000 20,741,000 90,099,000 8,950,000 4,820,000      13,400,000 
  accrued interest receivable                           3,777,000 3,660,000 3,899,000 3,874,000 3,939,000 3,895,000 4,427,000 4,403,000 4,887,000 5,010,000 5,885,000 5,942,000 6,143,000 6,278,000 7,057,000 7,088,000 8,069,000 7,733,000 8,597,000 8,513,000 9,044,000 8,317,000 9,132,000  11,143,000 9,971,000 10,997,000 
  other real estate owned and repossessed assets                           3,549,000 3,916,000 6,506,000 6,970,000 11,160,000 11,545,000 13,506,000 15,282,000 17,287,000 18,473,000 15,884,000 16,675,000 21,896,000 23,020,000 23,096,000 26,608,000            
  net deferred tax asset                           19,771,000 19,711,000 20,482,000 22,015,000 22,801,000 25,285,000 25,105,000 26,013,000                    
  liabilities and shareholders’ equity                                                      
  shareholders’ equity                                                  178,155,000    
  other borrowed money                              1,444,000 1,433,000 1,423,000 1,414,000 1,434,000 1,714,000 1,721,000 11,733,000 11,804,000 11,831,000 16,836,000 16,829,000 16,890,000 16,867,000 16,850,000 16,825,000 19,528,000 19,393,000 14,245,000 4,086,000  3,839,000 3,653,000 3,480,000 
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at december 31, 2012, and 21,000 shares outstanding at december 31, 2011                              0                        
  common stock warrant                              0 0 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000            
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at september 30, 2012 and 21,000 shares outstanding at december 31, 2011                               0                       
  preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at june 30, 2012, and 21,000 shares outstanding at december 31, 2011                                0                      
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2012 and at december 31, 2011                                 20,396,000                     
  total                                  1,112,075,000    1,273,832,000    1,401,627,000    1,599,575,000    1,157,231,000,000    
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding                                  20,331,000    20,077,000                
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2011 and december 31, 2010                                   20,266,000                   
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2011 and december 31, 2010                                    20,202,000                  
  short-term investments                                     9,543,000 9,600,000 9,474,000 9,470,000 9,475,000 1,471,000 1,804,000   100,000     534,000 251,000 268,000 
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2011 and december 31, 2010                                     20,138,000                 
  securities held to maturity                                      0 0 0 0 59,211,000 61,927,000 61,934,000 65,451,000 64,437,000 64,002,000 63,787,000 65,318,000  64,863,000 63,664,000 64,372,000 
  loans and leases                                      1,262,630,000 1,329,156,000 1,410,710,000 1,497,624,000 1,539,818,000 1,614,226,000 1,708,524,000 1,778,057,000 1,856,915,000 1,870,799,000 1,840,793,000 1,794,310,000     
  allowance for loan and lease losses                                      -45,368,000 -43,876,000 -47,738,000 -50,126,000 -47,878,000 -33,443,000 -32,605,000 -31,884,000 -27,108,000 -29,511,000 -31,881,000 -29,957,000 25,814,000 -24,857,000 -22,800,000 -21,654,000 
  accrued expenses and other liabilities                                       5,723,000 6,762,000 6,056,000  11,387,000 16,622,000 17,339,000  16,929,000 20,402,000 20,843,000  23,907,000 24,249,000 23,428,000 
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2010 and december 31, 2009                                       20,016,000               
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2010 and december 31, 2009                                        19,955,000              
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at march 31, 2010 and december 31, 2009                                         19,896,000             
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at december 31, 2009                                          19,839,000            
  bank owned life insurance policies                                           44,490,000 43,103,000 42,807,000 42,462,000 41,459,000 41,004,000 39,553,000 39,118,000 32,962,000 32,330,000 31,155,000 
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at september 30, 2009                                           19,782,000           
  common stock warrants                                           1,138,000 1,138,000          
  short term investments                                            2,560,000 30,032,000  87,000 137,000 537,000     
  preferred stock, no par value; 1,000,000 shares authorized; 21,000 shares outstanding at june 30, 2009                                            19,725,000          
  preferred stock, no par value: 1,000,000 shares authorized, none issued                                             0    0    0 
  preferred stock, no par value; 1,000,000 shares authorized, none issued                                              0 0 0   0 0  
  consolidated results of operations:                                                      
  interest income                                                  144,181,000    
  interest expense                                                  88,624,000    
  net interest income                                                  55,557,000    
  benefit from loan and lease losses                                                  11,070,000    
  noninterest income                                                  5,870,000    
  noninterest expense                                                  38,356,000    
  income before income tax expense                                                  12,001,000    
  income tax expense                                                  3,035,000    
  net income                                                  8,966,000    
  consolidated balance sheet data:                                                      
  cash and cash equivalents                                                  29,430,000    
  securities                                                  211,736,000    
  loans and leases, net of deferred fees                                                  1,799,880,000    
  consolidated financial ratios:                                                      
  return on average assets                                                  430    
  return on average shareholders’ equity                                                  5,100    
  average shareholders’ equity to average assets                                                  8,440    
  nonperforming loans and leases to total loans and leases                                                  1,660    
  allowance for loan and lease losses to total loans and leases                                                  1,430    
  tier 1 leverage capital                                                  9,970    
  tier 1 leverage risk-based capital                                                  10,140    
  total risk-based capital                                                  11,390    
  per share data:                                                      
  net income:                                                      
  basic                                                  1,060    
  diluted                                                  1,060    
  book value at end of period                                                  20,890    
  dividends declared                                                  550    
  dividend payout ratio                                                  52,160    
  residential – vacant land                                                  19,730,000,000    
  residential – land development                                                  64,107,000,000    
  residential – construction                                                  30,828,000,000    
  commercial – vacant land                                                  27,664,000,000    
  commercial – land development                                                  31,754,000,000    
  commercial – construction nonowner occupied                                                  80,926,000,000    
  commercial – construction owner occupied                                                  7,906,000,000    
  commercial – nonowner occupied                                                  519,720,000,000    
  commercial – owner occupied                                                  374,596,000,000    
  total loans and leases                                                   1,796,962,000 1,776,026,000 1,748,838,000 

We provide you with 20 years of balance sheets for Mercantile Bank stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Mercantile Bank. Explore the full financial landscape of Mercantile Bank stock with our expertly curated balance sheets.

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