Mercantile Bank Corporation
MBWM · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Assets | – | – | – | – |
| Cash & Equivalents | $393,010 | $130,533 | $96,772 | $975,160 |
| Short-Term Investments | $730,352 | $617,092 | $602,936 | $592,743 |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other Curr. Assets | $0 | $0 | $0 | $0 |
| Total Curr. Assets | $1,123,362 | $747,625 | $699,708 | $1,567,903 |
| Property Plant & Equip (Net) | $53,427 | $50,928 | $51,476 | $57,298 |
| Goodwill | $49,473 | $49,473 | $49,473 | $49,473 |
| Intangibles | $0 | $11,343 | $583 | $1,351 |
| Long-Term Investments | $4,562,151 | $4,272,451 | $3,877,938 | $3,434,213 |
| Tax Assets | $0 | $0 | $0 | $0 |
| Other NC Assets | $263,748 | $232,747 | $193,441 | $147,511 |
| Total NC Assets | $4,928,799 | $4,605,599 | $4,172,911 | $3,689,846 |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $6,052,161 | $5,353,224 | $4,872,619 | $5,257,749 |
| Liabilities | – | – | – | – |
| Payables | $0 | $0 | $78,211 | $24,644 |
| Short-Term Debt | $121,521 | $229,734 | $194,340 | $197,463 |
| Tax Payable | $0 | $0 | $0 | $0 |
| Deferred Revenue | $0 | $0 | $0 | $0 |
| Other Curr. Liab. | $4,698,366 | $3,900,918 | $3,712,811 | $4,083,193 |
| Total Curr. Liab. | $4,819,887 | $4,130,652 | $3,985,362 | $4,305,300 |
| LT Debt | $526,727 | $606,525 | $445,849 | $495,890 |
| Deferred Rev, NC | $0 | $0 | $0 | $0 |
| Deferred Tax Liab, NC | $0 | $0 | $0 | $0 |
| Other NC Liab. | $121,021 | $93,902 | $0 | $0 |
| Total NC Liab. | $647,748 | $700,427 | $445,849 | $495,890 |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Cap. Leases | $0 | $0 | $0 | $0 |
| Total Liabilities | $5,467,635 | $4,831,079 | $4,431,211 | $4,801,190 |
| Equity | – | – | – | – |
| Pref Stock | $0 | $0 | $0 | $0 |
| Common Stock | $299,705 | $295,106 | $290,436 | $285,752 |
| Retained Earnings | $334,646 | $277,526 | $216,313 | $174,536 |
| AOCI | -$49,825 | -$50,487 | -$65,341 | -$3,729 |
| Other Equity | $0 | $0 | $0 | $0 |
| Total Equity | $584,526 | $522,145 | $441,408 | $456,559 |
| Supplemental Information | – | – | – | – |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liab. & Tot. Equity | $6,052,161 | $5,353,224 | $4,872,619 | $5,257,749 |
| Net Debt | $255,238 | $705,726 | $543,417 | -$281,807 |