MBWM Stock Cash Flow Statements

Mercantile Bank Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Mercantile Bank Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2024-12-31	2023-12-31	2023-09-30	2022-12-31	2022-09-30	2021-12-31	2021-09-30	2020-12-31	2020-09-30	2013-09-30	2013-06-30	2013-03-31	2012-06-30	2012-03-31	2011-12-31	2009-12-31

cash flows from operating activities
net income	19,626,000	-62,104,783,000	20,855,000,000	21,803,000,000	16,031,000,000	11,639,000,000	15,051,000,000	14,082,000,000	10,686,000,000	3,454,000,000	4,016,000,000	4,400,000,000	3,991,000,000	2,880,000,000	30,323,000,000	15,947,913,000
adjustments to reconcile net income to net cash from operating activities
depreciation and amortization/accretion
benefit from credit losses	1,500,000	-5,892,300,000	3,300,000,000	3,050,000,000	2,900,000,000
stock-based compensation expense	785,000	-2,501,616,000	824,000,000	979,000,000	790,000,000	2,059,000,000	448,000,000	223,000,000	736,000,000	118,000,000	118,000,000	118,000,000	5,000,000	4,000,000	-5,000,000	-465,389,000
stock grants to directors for retainer fees
proceeds from sales of mortgage loans held for sale	115,618,000	-143,126,783,000	73,043,000,000	42,405,000,000	59,853,000,000	176,655,000,000	157,023,000,000	172,032,000,000	214,117,000,000	14,491,000,000	13,038,000,000	16,260,000,000	16,072,000,000	16,431,000,000	21,322,000,000	-64,727,218,000
origination of mortgage loans held for sale	-98,412,000	144,681,273,000	-68,798,000,000	-30,149,000,000	-59,468,000,000	-138,674,000,000	-169,891,000,000	-159,309,000,000	-189,266,000,000	-12,764,000,000	-12,990,000,000	-15,393,000,000	-15,683,000,000	-17,066,000,000	-18,846,000,000	64,691,749,000
net gain from sales of mortgage loans held for sale			-2,474,000,000		-1,832,000,000		-6,659,000,000		-10,199,000,000	-155,000,000	-193,000,000	-202,000,000	-230,000,000	-253,000,000
net gain from sales and valuation write-downs of foreclosed assets	0	390,581,000	-391,000,000	-22,000,000	-27,000,000	-4,000,000	7,000,000	-142,000,000	0
net gain from sale and write-down of former bank premises
earnings on bank owned life insurance	-497,000	1,222,500,000	-422,000,000	-368,000,000	-238,000,000	-292,000,000	-298,000,000	-281,000,000	-290,000,000	-337,000,000	-350,000,000	-338,000,000	-385,000,000	-407,000,000	-437,000,000
net (gain) loss on instruments designated at fair value and related derivatives	-351,000
net change in:
accrued interest receivable	1,013,000	4,126,670,000	-2,645,000,000	-1,488,000,000	-3,104,000,000	675,000,000	-335,000,000	163,000,000	-1,734,000,000	-117,000,000	239,000,000	-25,000,000	532,000,000	-24,000,000	484,000,000	-442,575,000
other assets	-1,564,000	12,984,811,000	-11,677,000,000	-30,000,000	11,342,000,000	-910,000,000	-6,270,000,000	-4,623,000,000	-1,503,000,000	1,521,000,000	9,771,000,000	2,159,000,000	-628,000,000	629,000,000	172,000,000	9,423,593,000
accrued interest payable and other liabilities			22,036,000,000		3,669,000,000		2,605,000,000		138,000,000
net cash from (for) operating activities
cash flows from investing activities
loan originations and payments	-61,350,000	187,619,717,000	-52,597,000,000	-35,585,000,000	-156,912,000,000	-138,377,000,000	-65,224,000,000	130,956,000,000	-32,037,000,000	-16,799,000,000	-35,212,000,000	14,779,000,000	-8,510,000,000	7,951,000,000	13,119,000,000
purchases of securities available for sale	-69,095,000	12,997,059,000	-1,376,000,000	-15,811,000,000	-12,560,000,000	-40,741,000,000	-89,061,000,000	-99,563,000,000	-81,489,000,000	-8,519,000,000	-13,989,000,000	-14,984,000,000
proceeds from maturities, calls and repayments of securities available for sale	25,235,000	-12,831,858,000	2,658,000,000	4,722,000,000	1,621,000,000	2,901,000,000	33,006,000,000	24,269,000,000	75,979,000,000	3,040,000,000	16,224,000,000	12,314,000,000
proceeds from sales of foreclosed assets	0	-451,469,000	452,000,000	22,000,000	27,000,000	15,000,000	23,000,000	387,000,000	0	846,000,000	3,020,000,000	2,639,000,000	1,782,000,000	9,714,000,000
proceeds from sales of fomer bank premises
proceeds from bank owned life insurance claims
net purchases of premises and equipment and lease activity			-1,461,000,000		-1,767,000,000	-1,352,000,000	-695,000,000
net cash for investing activities	-102,961,000	196,655,068,000	-51,726,000,000	-52,003,000,000	-166,597,000,000	-179,071,000,000	-121,686,000,000	53,561,000,000	-40,319,000,000
cash flows from financing activities
net increase in time deposits	66,107,000	-281,873,219,000	54,765,000,000					-33,905,000,000	-1,308,000,000							160,847,731,000
net increase in all other deposits	176,361,000			-129,324,000,000	-52,561,000,000	220,872,000,000	218,981,000,000	73,424,000,000	111,062,000,000	22,457,000,000	-22,983,000,000	702,000,000	11,428,000,000	5,467,000,000	4,157,000,000	-12,438,679,000
net increase in securities sold under agreements to repurchase		30,293,394,000	-55,375,000,000	-4,265,000,000	-4,734,000,000	21,613,000,000	6,113,000,000	-38,652,000,000	-10,510,000,000			3,979,000,000			3,229,000,000	-8,428,658,000
payoffs and paydowns of federal home loan bank advances
proceeds from federal home loan bank advances	0	-199,760,000,000	0	0	0	0	0	0	0	10,000,000,000	0	0	10,000,000,000	10,000,000,000		-4,995,000,000
employee stock purchase plan	15,000	-32,955,000	10,000,000	12,000,000	12,000,000	13,000,000	13,000,000	12,000,000	12,000,000	0	10,000,000	9,000,000	11,000,000	9,000,000	12,000,000	-42,943,000
dividend reinvestment plan	201,000	-669,109,000	221,000,000	214,000,000	218,000,000	229,000,000	237,000,000	204,000,000	206,000,000	0	17,000,000	16,000,000			0	-8,989,000
payment of cash dividends to common shareholders	-5,702,000	15,640,996,000	-5,330,000,000	-4,995,000,000	-4,978,000,000	-4,644,000,000	-4,660,000,000	-4,494,000,000	-4,474,000,000	-1,037,000,000	-950,000,000	-864,000,000				508,406,000
net cash from financing activities						283,466,000,000	190,526,000,000	-3,717,000,000	94,988,000,000
net change in cash and cash equivalents	64,464,000	-169,181,239,000	58,191,000,000	-187,242,000,000	-195,091,000,000		65,830,000,000		83,364,000,000	67,941,000,000	-56,800,000,000	-21,226,000,000	-2,542,000,000	8,636,000,000	-49,331,000,000	-40,875,069,000
cash and cash equivalents at beginning of period	0	-96,675,228,000	0	0	0		0		0	0	0	136,003,000,000	0	76,372,000,000	0	-25,778,196,000
cash and cash equivalents at end of period	64,464,000	-265,856,467,000	58,191,000,000	-187,242,000,000	-195,091,000,000		65,830,000,000		83,364,000,000	67,941,000,000	-56,800,000,000	114,777,000,000	-2,542,000,000	85,008,000,000	-49,331,000,000	-66,653,265,000
supplemental disclosures of cash flows information
cash paid during the period for:
interest	34,193,000	-48,591,976,000	20,626,000,000	6,393,000,000	6,592,000,000		5,243,000,000		6,649,000,000	2,711,000,000	2,729,000,000	3,339,000,000	3,285,000,000	4,420,000,000	6,239,000,000	-49,571,337,000
federal income tax			4,740,000,000		800,000,000		2,300,000,000		2,650,000,000	0	0	0	0	0
depreciation and amortization	2,358,000	-8,845,504,000	2,927,000,000	3,090,000,000	3,163,000,000	3,478,000,000	3,445,000,000	3,163,000,000	2,877,000,000	543,000,000	533,000,000	553,000,000	578,000,000	510,000,000	506,000,000	-2,169,423,000
adjustments to reconcile net income to net cash from operating activities:
deferred income tax benefit
net gain on sales of mortgage loans held for sale																712,095,000
income from sale of mortgage loans
net (gain) income from sale and write-downs on former bank premises
net (gain) income from sales and disposals of premises and equipment
accrued interest and other liabilities
net cash from operating activities	59,858,000	-73,845,387,000	36,445,000,000	37,069,000,000	32,796,000,000	45,404,000,000		21,571,000,000		5,517,000,000	13,152,000,000	3,299,000,000	5,034,000,000	2,934,000,000
proceeds from sale of mortgage loans
proceeds from federal home loan bank stock redemption		0	0	0	0
purchases of federal home loan bank stock	0	3,788,208,000	0					0	0
purchases of bank owned life insurance								-700,000,000	0							1,006,882,000
proceeds from bank owned life insurance death benefits claim	0	0	0	0	0
purchases of premises and equipment and lease activity
proceeds from sales of former bank premises	0	-597,402,000		0	2,994,000,000	483,000,000	265,000,000	0	0
maturities of federal home loan bank advances	-30,000,000	50,272,647,000	-10,000,000,000	-30,000,000,000	-24,000,000,000	-20,000,000,000	0	0	0	0	0	0		-10,000,000,000		49,930,000,000
net proceeds from subordinated notes issuance		0	0	0	0
proceeds from stock option exercises, net of cashless exercises		0	0	0	0					0
net cash (for) from financing activities		-291,990,920,000	73,472,000,000	-172,308,000,000	-61,290,000,000
cash paid during the year for:
federal income taxes
noncash financing and investing activities:
transfers from loans to foreclosed assets	0	-111,888,000	51,000,000	0	0		0		135,000,000	350,000,000	63,000,000	1,647,000,000	775,000,000	8,096,000,000	1,644,000,000
transfers from bank premises to other real estate owned	0	-599,200,000	0						179,000,000
transfers from premises and equipment to other assets		0	0	0	0
stock grants to directors for retainer fee		-316,650,000	0	12,000,000	0	0	0	0	45,000,000
net gain from sales and valuation write-downs of former bank premises									0
net income from sales and write-downs of fixed assets							0		0
net decrease in securities sold under agreements to repurchase													-4,609,000,000	-15,129,000,000
net increase in federal funds purchased
payoffs of and paydowns on federal home loan bank advances
accretion of acquired loans				0	0	-33,000,000	-34,000,000	-112,000,000	-112,000,000
deferred income tax expense
gain on sale of branch				0	0	0	0
net cash transferred in branch sale				0	0	0	0
repurchases of common stock
net income from sales and valuation write-downs of former bank premises					275,000,000
net gain from sales and write-downs of fixed assets
net gain on instruments designated at fair value and related derivatives
net decrease in all other deposits			89,181,000,000
net (gain) income from sales and write-downs of fixed assets
net change in federal funds purchased
net proceeds from stock option exercises
proceeds from subordinated notes issuance
net cash from (for) financing activities																167,482,139,000
net decrease in time deposits				-3,950,000,000	24,753,000,000		-21,261,000,000			37,737,000,000	-8,492,000,000	-43,116,000,000	768,000,000	-24,108,000,000	-77,415,000,000
change in fair value of derivative asset
change in fair value of derivative liability
repurchases of common stock shares					0		-8,947,000,000		0
payoffs of federal home loan bank advances
benefit from loan losses						-3,400,000,000	1,900,000,000	2,500,000,000	3,200,000,000	-1,700,000,000	-1,500,000,000	-1,500,000,000	-3,000,000,000	0	1,900,000,000
net gain from sale and write-downs on former bank premises
net income from sales and disposals of premises and equipment
proceeds from bank owned life insurance cash value release and death benefits								0	0
mercantile bank corporation
consolidated statements of cash flows
years ended december 31, 2021, 2020 and 2019
net (gain) income from sales and valuation write-downs of former bank premises							-2,000,000
proceeds from stock option exercises									0			0		18,000,000	0
net cash (for) from operating activities
net cash for operating activities
net purchases of premises and equipment									-2,772,000,000
purchases of premises and equipment										-116,000,000	-54,000,000	-80,000,000	-67,000,000	-70,000,000	-334,000,000	28,956,000
years ended december 31, 2020, 2019 and 2018
net cash from/(for) operating activities
net gain from sales of available for sale securities
proceeds from sales of securities available for sale										6,405,000,000
years ended december 31, 2019, 2018 and 2017
net (gain) income from sale and valuation write-down of foreclosed assets										-129,000,000	-367,000,000	-528,000,000
accrued expenses and other liabilities										592,000,000	837,000,000	-2,205,000,000	2,828,000,000	72,000,000
net cash from (for) investing activities										-15,143,000,000						-203,905,433,000
net increase in other borrowed money										58,000,000	-32,000,000	81,000,000
repurchase of preferred stock										0
repurchase of common stock warrant
payment of cash dividends on preferred stock										0	0	0	-99,000,000	-263,000,000	-1,620,000,000	262,475,000
net cash for financing activities										77,567,000,000	-43,846,000,000	-39,193,000,000	-23,492,000,000	-34,026,000,000	-71,917,000,000
net cash from investing activities												14,668,000,000	15,916,000,000	39,728,000,000	15,723,000,000
preferred stock cash dividend accrued												0	-134,000,000	134,000,000	-1,354,000,000	-133,866,000
adjustments to reconcile net income to net cash from (for) operating activities:
net gain on sale of mortgage loans held for sale
net gain on sale of held to maturity securities
gain on sale of commercial loans
net (gain) loss on sale and write-down of premises and equipment
net income on sale and valuation write-downs of foreclosed assets
recognition of unrealized gain on interest rate swaps															0	1,548,197,000
purchases of:
securities available for sale													-4,008,000,000	-17,985,000,000	-25,763,000,000	39,910,941,000
proceeds from:
maturities, calls and repayments of securities available for sale
proceeds from sale of held to maturity securities
proceeds from sale of commercial loans
proceeds from sale of foreclosed assets
maturities and prepayments of federal home loan bank advances															0
maturities of wholesale repurchase agreements															0
supplemental disclosures of cash flow information
net income from sale and valuation write-down of foreclosed assets													954,000,000	158,000,000
maturities, calls and repayments of available for sale securities													26,719,000,000	40,118,000,000
redemption of federal home loan bank stock
net decrease in other borrowed money													9,000,000	-20,000,000
securities held to maturity																1,023,975,000
maturities, calls and repayments of securities held to maturity
decrease in other borrowed money
proceeds from issuance of preferred stock and common stock warrant
gain from sale of commercial loans
net gain from sale of held to maturity securities
sales of held to maturity securities
proceeds from sales of commercial loans
net decrease in federal funds purchased
payment of cash dividends on common shares
benefit from loan and lease losses																-33,641,000,000
federal home loan bank stock																0
loan and lease originations and payments																-185,690,709,000
increase in structured repurchase agreements
maturities of structured repurchase agreements
increase in other borrowed money
transfers from loans and leases to foreclosed assets																-18,409,683,000
maturities, calls and repayments of held to maturity securities
cash paid in lieu of fractional shares on stock dividend
stock option exercises
net income on sale and write-down of foreclosed assets
earnings on bank owned life insurance policies
proceeds from the sales of commercial loans
proceeds from the sale of foreclosed assets
proceeds from issuance of preferred stock and common stock warrants
net gain on sales of mortgage loans
pay-offs of federal home loan bank advances
payment of cash dividend
net gain on sales of commercial loans
loss on sale of foreclosed assets
purchases of bank owned life insurance policies
pay-off of federal home loan bank advances
cash dividends
proceeds from the sale of mortgage loans held for sale
cash flows for investing activities
net increase in deposits
payment of cash dividends
proceeds from sale of mortgage loans held for sale
net decrease in deposits
benefit from deferred income taxes
federal home loan bank stock dividends
redemption of fhlb stock
cash flows for financing activities
loan and leases originations and payments
gain on sales of commercial loans
equity in undistributed income of subsidiary
equity compensation expense
change in other assets
change in other liabilities
net capital investment into subsidiaries
proceeds from the issuance of subordinated debentures
pay-off of subordinated debentures
fractional shares paid

We provide you with 20 years of cash flow statements 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 operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Mercantile Bank stock. Explore the full financial landscape of Mercantile Bank stock with our expertly curated income statements.

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