7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 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 income on instruments designated at fair value and related derivatives
    		                
      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 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   
      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   
      net (gain) loss on instruments designated at fair value and related derivatives
    		-351,000                
      net cash from (for) operating activities
    		                
      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
    		                
      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
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.