Mercantile Bank Corporation

NASDAQ MBWM

Data sourced from iex and EODHD
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Mercantile Bank Corporation Balance Sheet 1998 - 2024

This table shows the Balance Sheet for Mercantile Bank Corporation going from 1998 until 2024. The balance sheet is a financial statement that presents the financial position of a company at a specific point in time, typically at the end of a fiscal period. It consists of three main components: assets (such as cash, inventory, property, and investments), liabilities (including debts, loans, and obligations), and shareholders' equity (the residual interest in the company's assets after deducting liabilities). The balance sheet provides insights into a company's liquidity, solvency, and overall financial health.
Balance Sheet Trend Unit 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 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 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 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 2002-06-30 2002-03-31 2001-12-31 2001-09-30 2001-06-30 2001-03-31 2000-12-31 2000-09-30 2000-06-30 2000-03-31 1999-12-31 1999-09-30 1999-06-30 1999-03-31 1998-12-31 1998-09-30 1998-06-30 1998-03-31
Cash
M 237 131 266 208 58 97 284 479 770 975 825 760 652 626 555 471 237 234 229 150 215 75 80 126 211 200 177 102 53 184 142 107 101 89 94 129 138 162 122 107 32 24 40 23 25 31 26 29 24 22 29 23 11 7 16 80 13 19 14 16 17 17 26 38 32 29 29 48 52 51 39 47 38 36 39 35 39 21 35 35 30 16 33 34 28 23 29 16 15 14 18 15 13 12 17 9 9 14 10 7 7 - - - -
Short-Term Investments
M 609 617 592 609 620 603 583 604 606 593 560 506 434 387 312 308 312 335 346 348 338 337 327 331 337 336 330 322 332 328 325 323 344 347 367 373 414 433 454 475 141 131 124 130 140 138 135,660 127,591 149,981 173 173,134 199,785 10 10 9 9 9 1 2 2,560 30,032 0 87 137 537 1 534 251 268 0 - - - 1 - - - 0 - - - 0 - - - 5 - - - 5 - - - 6 - - - - - - - - - - -
Cash and Short-Term Investments
M 237 687,500 657 678,105 667 700 867 1,083 1,376 1,568 1,385 1,266 1,087 1,013 867 779 549 568 574 498 553 413 407 457 548 536 507 424 385 512 467 430 445 436 461 502 552 594 576 582 173 155 163 153 165 169 26 29 24 22 29 23 21 16 25 26 22 20 16 16 17 17 26 38 32 29 29 48 52 51 39 47 38 36 39 35 39 21 35 35 30 16 33 34 28 23 29 16 15 14 18 15 13 12 17 9 9 14 10 7 7 - - - -
Receivables
M - - - 4,007 3,923 3,874 3,842 3,688 3,521 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 38 8 4 4 4 4 4 4 4 4 4 4 5 5 6 6 6 6 7 7 8 8 9 9 9 8 9 10 11 10 11 10 10 9 9 8 8 7 7 6 6 4 5 4 4 3 4 3 3 3 3 3 3 3 3 3 3 2 2 2 2 1 1 - - - -
Inventory
M - - 0 1 1 - - - - - 0 0 0 1 1 0 0 0 0 0 0 1 1 1 2 3 4 2 2 1 3 3 1 1 4 2 3 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - 3 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other Current Assets
M 259 150 286 225 76 19 14 -390 15 2,989 2,911 2,876 3,083 2,926 3,128 3,116 2,684 2,619 2,682 2,624 2,556 2,510 2,463 2,397 2,306 2,312 2,314 2,293 2,196 2,138 2,166 2,140 2,030 2,011 1,943 1,889 1,799 1,752 1,679 1,697 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 214 177 138 92
Current Assets
M 259 150 657 678,105 667 700 867 693 1,376 1,568 643,368 4,142 4,169 3,939 3,996 3,895 3,233 3,188 3,257 3,122 3,109 2,923 2,870 2,854 2,854 2,848 2,821 2,717 2,582 2,650 2,633 2,570 2,475 2,448 2,404 2,391 2,351 2,347 2,293 2,287 170,781 17 160,777 150,583 158,294 162,490 154,910 149,891 168,050 15 196,911 218,783 26,705 22,216 31,471 32,269 29,138 23 24,318 25,894 55,784 21 34,825 46,086 41,572 34 40,441 58,412 63,363 38 50 56 48 44 47 42 46 26 41 39 35 20 37 38 32 27 33 19 18 17 21 17 16 14 19 11 11 16 12 9 9 214 177 138 92
Property, Plant, Equipment (Net)
M 51 51 52 52 52 51 52 51 56 57 57 58 55 59 60 59 59 57 55 52 50 48 48 47 46 46 46 46 46 45 45 46 46 47 48 48 48 49 49 49 25 25 25 25 26 26 26 26 26 27 27 27 28 28 28 29 29 30 30 31 32 32 33 34 34 34 34 35 34 34 32 31 30 30 31 29 27 25 21 18 17 15 15 14 12 12 11 11 10 10 8 6 5 4 4 3 3 4 4 3 2 2 1 1 1
Goodwill
M 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49 51 51 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Intangible Assets
M - 49,424 0 0 0 1 1 1 1 1 2 2 2 2 3 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 11 11 12 13 13 14 15 16 16 17 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 0 0 0 0
Goodwill and Intangible Assets
M - 49,473 50 50 50 50 50 50 51 51 51 51 52 52 52 53 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 61 61 62 63 64 64 65 67 68 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Tangible Assets
M - - 434 429 417 391 366 379 386 406 401 401 390 390 380 373 365 363 353 346 329 320 324 319 312 309 305 299 289 281 289 284 277 272 266 265 268 263 254 248 158 153 150 151 150 147 145 150 147 145 116 111 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Long-Term Investments
M 609 617 592 609 620 603 583 604 606 593 560 506 3,760 3,566 3,627 3,608 3,189 3,167 3,254 3,205 3,114 3,068 3,002 2,947 2,868 2,539 2,535 2,509 2,423 2,361 2,389 2,363 2,279 2,262 2,201 2,155 2,100 2,069 2,048 2,053 1,046 1,030 1,050 1,034 997 1,013 1,008 1,031 1,021 1,036 1,055 1,084 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total Investments
M 1,218 1,234 1,185 1,218 1,240 1,206 1,166 1,207 1,211 1,185 1,119 1,012 4,194 3,953 3,940 3,916 3,501 3,502 3,600 3,553 3,452 3,405 3,329 3,278 3,205 2,875 2,865 2,831 2,755 2,689 2,714 2,686 2,623 2,609 2,568 2,529 2,513 2,502 2,502 2,528 1,187 1,162 1,174 1,164 1,137 1,151 136,668 128,622 151,002 1,209 174,189 200,869 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Long-Term Assets (Other)
M 161 4,982 -592 101,344 -620 -704 -685 168 155 -650 177 -564 -490 3,313 -55,287 -80,621 2,684 2,847 2,682 2,624 2,556 2,576 2,463 2,397 2,306 2,717 2,314 2,293 2,196 2,317 2,166 2,140 2,111 2,088 2,015 1,995 1,915 1,904 1,817 -9,238 24,701 1,112 25,010 25,226 25,499 25,755 25,938 26,010 26,291 1,229 26,665 26,917 27,274 27,615 27,999 28,390 28,889 1,707 29,992 30,602 31,438 1,778 32,717 33,331 33,944 1,709 34,257 34,565 34,062 1,594 -220 -212 -211 -204 -201 -196 -187 -171 -160 -138 -129 -132 -119 -116 -113 -108 -99 -95 -86 -89 -79 -73 -67 -64 -57 -53 -50 -45 -39 -33 -30 - - - -
Total Long-Term Assets
M 5,207 5,210 102 102,055 101 704 685 705 712 701 668 616 541 498 425 419 424 445 454 454 443 441 430 434 440 439 433 426 437 433 431 430 451 456 478 485 526 547 570 592 40,635 1,268 44,930 45,093 46,147 47,934 48,901 51,449 51,572 1,428 26,865 27,144 27,518 27,873 28,251 28,636 29,141 1,980 30,247 30,854 31,697 2,038 32,958 33,557 34,178 1,946 34,492 34,797 34,294 1,822 220 212 211 204 201 196 187 171 160 138 129 132 119 116 113 108 99 95 86 89 79 73 67 64 57 53 50 45 39 33 30 2 2 2 1
Total Assets
M 5,466 5,360 5,251 5,138 4,896 4,873 5,017 5,059 5,176 5,258 4,964 4,757 4,710 4,437 4,421 4,314 3,657 3,633 3,710 3,576 3,552 3,364 3,300 3,289 3,294 3,287 3,255 3,143 3,019 3,083 3,064 3,000 2,926 2,904 2,881 2,876 2,877 2,893 2,863 2,879 1,414 1,427 1,422 1,344 1,385 1,423 1,388 1,385 1,402 1,433 1,478 1,538 1,577 1,632 1,813 1,804 1,903 1,906 2,017 2,071 2,240 2,208 2,207 2,163 2,116 2,121 2,106 2,104 2,090 2,067 2,027 1,969 1,897 1,838 1,797 1,709 1,665 1,536 1,475 1,379 1,294 1,203 1,154 1,035 968 922 870 782 728 699 647 618 560 513 476 440 410 368 331 292 262 216 179 140 93
Accounts Payable
M - - 107 77 70 78 80 53 40 25 25 23 24 24 18 18 19 22 21 17 15 25 13 13 15 14 15 14 16 15 16 16 18 16 17 13 14 12 16 10 6 7 7 6 5 7 7 8 4 4 7 8 1,254 1,274 1,352 1,340 1,420 1,402 1,451 1,479 1,651 1,600 1,576 20 21 24 1,641 1,639 1,686 1,647 1,615 1,548 1,482 1,419 1,397 1,322 1,290 1,159 1,145 1,046 995 903 890 844 801 754 722 645 596 569 519 520 467 426 390 362 334 - - - - 1 1 0 0
Short-Term Debt
M 310 322 255 311 336 308 338 362 382 374 394 394 130 130 394 394 394 354 364 374 384 350 240 230 220 220 107 245 205 175 178 178 98 68 68 48 48 54 57 57 45 66 45 35 35 35 35 35 45 80 45 45 - - - - - 99 - - - 97 - - - 93 - - - 76 - 130 130 130 135 135 120 120 - 120 100 45 70 45 1 15 1 1 - - - - - - - 29 27 - - 18 17 - 15 11 5
Current Revenue (Deferred)
M - - -149 -234 -266 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other Current Liabilities
M 3,881 1,624 -107 -77 -70 -78 -80 -53 -40 -25 -25 -23 -24 -24 -18 -18 -19 -22 -21 -17 -15 -25 -13 -13 -15 -14 -15 -14 -16 -15 -16 -16 -18 -16 -17 -13 -14 -12 -16 -10 -6 -7 -7 -6 -5 -7 1,108 1,106 1,093 1,112 1,185 1,248 - - - - - - - - - - - -20 -21 -24 - - - - - - - - - - - - - - - - - - - - 776 689 639 611 563 561 505 465 430 366 338 324 287 247 - 189 - - -
Current Liabilities
M 4,192 1,945 107 77 70 78 80 53 40 25 25 23 24 24 18 18 19 22 21 17 15 25 13 13 15 14 107 14 16 15 16 16 18 16 17 13 14 12 16 10 6 66 7 6 5 7 1,209 1,201 1,200 80 1,307 1,372 1,405 1,462 1,634 1,615 1,715 99 1,790 1,840 2,021 97 1,984 20 21 93 1,892 1,892 1,878 76 1,823 130 130 130 135 135 1,486 120 1,319 120 100 45 70 45 1 15 776 691 639 611 563 561 505 465 430 395 365 324 287 265 17 190 16 11 5
Long-Term Debt
M 586 607 596 606 516 446 137 499 519 496 442 442 48 48 47 47 47 47 47 47 46 46 46 46 46 46 45 45 45 45 45 44 44 55 55 55 55 54 54 68 33 33 33 33 33 34 34 34 34 34 35 35 110 110 205 210 240 255 275 285 310 323 337 332 267 217 172 172 126 131 151 166 166 165 170 170 160 155 138 138 118 107 87 62 32 32 17 16 16 16 16 16 16 16 16 16 16 - - - - - - - -
Non-Current Liabilities (Other)
M - - - 219 227 194 199 203 204 197 176 170 159 118 157 168 133 103 104 120 111 104 112 95 105 119 122 111 127 132 147 137 162 155 158 152 148 168 143 124 63 69 66 57 69 65 60 53 57 73 69 71 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total Non-Current Liabilities
M 738 2,892 596 606 70 78 80 499 519 496 442 442 442 442 441 441 441 401 411 421 430 396 286 276 266 266 265 290 250 220 223 222 142 123 123 103 103 108 111 126 78 78 78 68 68 69 69 69 79 79 80 80 110 110 205 210 240 255 275 285 310 323 337 47 37 37 172 172 126 131 151 36 36 35 35 35 160 35 138 18 18 62 1 1 31 1 17 17 16 16 16 16 16 16 16 16 16 16 16 - - - - - -
Total Liabilities
M 4,929 4,838 4,768 4,659 4,429 4,431 4,601 4,630 4,739 4,801 4,512 4,306 4,269 3,996 3,989 3,889 3,239 3,216 3,303 3,176 3,168 2,989 2,921 2,914 2,926 2,921 2,892 2,786 2,671 2,742 2,714 2,655 2,588 2,570 2,553 2,547 2,544 2,565 2,542 2,563 1,256 1,274 1,272 1,193 1,236 1,276 1,244 1,236 1,235 1,268 1,341 1,407 1,450 1,506 1,679 1,665 1,765 1,766 1,840 1,890 2,070 2,034 2,036 1,996 1,942 1,943 1,929 1,929 1,914 1,895 1,859 1,808 1,738 1,683 1,644 1,560 1,520 1,395 1,337 1,244 1,161 1,073 1,032 951 886 842 793 707 655 627 579 577 521 481 446 395 365 340 304 265 235 190 152 128 81
Additional Paid-in Capital
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Common Stock (Net)
M - - - 293 292 290 289 288 287 286 285 293 299 302 302 301 300 305 304 307 305 308 313 312 311 310 309 308 307 305 304 303 302 305 304 310 317 318 317 318 162 163 164 165 165 166 167 173 173 173 173 173 - - - - - - - - - - - - - - - - - - - - 161 149 148 148 131 131 131 131 131 119 113 76 76 76 69 69 69 69 62 37 37 30 28 28 28 28 28 - - 28 28 14 14
Retained Earnings
M - - - 247 232 216 200 188 182 175 168 157 144 134 124 118 114 108 99 91 83 75 80 74 68 61 55 50 46 41 44 39 34 28 24 19 14 10 6 1 -1 -4 -9 -13 -17 -21 -24 -27 -30 -33 -63 -65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Accumulated Other Comprehensive Income
M -53 -50 -74 -62 -56 -65 -72 -48 -32 -4 0 2 -2 5 6 6 5 4 4 3 -5 -8 -13 -11 -11 -4 -2 -1 -5 -6 2 3 2 1 1 0 2 0 -2 -3 -4 -6 -5 -1 1 2 2 2 3 3 5 2 0 1 4 3 2 1 2 1 3 3 0 -2 1 0 -1 -3 -1 -1 -2 -3 -2 -1 0 0 -1 0 0 -1 1 0 0 1 1 1 1 1 0 0 1 0 1 0 0 -1 -1 -1 -1 - 0 0 0 0 -
Capital Lease Obligations
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shareholders' Equity
M 537 522 483 479 467 441 416 429 436 457 452 452 441 442 432 425 418 417 407 400 384 375 379 375 368 366 363 357 348 341 349 345 339 334 329 329 333 328 321 316 158 153 150 151 150 147 145 150 167 165 137 131 127 126 135 139 138 140 177 182 169 174 171 168 174 178 178 175 175 172 168 162 159 155 152 149 145 142 138 134 133 130 122 83 82 80 78 75 73 71 67 40 40 32 30 29 28 28 28 27 27 27 27 12 12
Shareholders' Equity and Liabilities
M 5,466 5,360 5,251 5,138 4,896 4,873 5,017 5,059 5,176 5,258 4,964 4,757 4,710 4,437 4,421 4,314 3,657 3,633 3,710 3,576 3,552 3,364 3,300 3,289 3,294 3,287 3,255 3,143 3,019 3,083 3,064 3,000 2,926 2,904 2,881 2,876 2,877 2,893 2,863 2,879 1,414 1,427 1,422 1,344 1,385 1,423 1,388 1,385 1,402 1,433 1,478 1,538 1,577 1,632 1,813 1,804 1,903 1,906 2,017 2,071 2,240 2,208 2,207 2,163 2,116 2,121 2,106 2,104 2,090 2,067 2,027 1,969 1,897 1,838 1,797 1,709 1,665 1,536 1,475 1,379 1,294 1,203 1,154 1,035 968 922 870 782 728 699 647 618 560 513 476 440 410 368 331 292 262 216 179 140 93
Treasury Stock
M - - - - - - - - - - - - - - - - - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Common, Diluted)
M 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 17 17 17 17 17 16 16 16 16 16 16 16 16 16 17 17 17 17 11 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 8 8 8 8 9 8 8 8 8 9 9 9 9 9 9 9 9 9 9 8 9 8 9 9 7 7 7 7 7 7 7 7 5 6 4 4 3 3 3 3 3 3 3 4 3 2 2
Shareholders' Equity (Tangible)
M - - 727 722 709 682 655 667 673 691 686 694 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net Debt
M - - - 678,554 1,141 1,146 1,343 1,582 1,895 2,064 1,827 1,708 1,264 1,191 1,308 1,220 990 969 985 919 983 809 693 733 814 801 660 714 635 731 690 653 587 559 584 605 655 703 687 708 251 254 241 221 233 239 95 98 103 137 108 103 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total Debt
M 896 928 852 917 852 754 476 862 901 870 836 836 178 178 441 441 441 401 411 421 430 396 286 276 266 266 153 290 250 220 223 222 142 123 123 103 103 108 111 126 78 99 78 68 68 69 69 69 79 115 80 80 - - - - - 353 - - - 420 - - - 310 - - - 207 - 296 296 295 305 305 280 275 - 258 218 152 157 107 33 47 17 18 - - - - - - - 45 43 - - - - - - - -
Current Part of Long-Term Debt
M - - - - - - - - - - - - - - - - - 40 40 40 30 40 30 20 30 20 388 401 332 352 325 315 - 278 - - - 276 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

StockViz Staff

September 19, 2024

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