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  1. US-listed companies
  2. MERCANTILE BANK CORP

MERCANTILE BANK CORPMBWM

Market cap
P/E ratio
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Income statementBalance sheetCash flow
Dec 31,
2011		Dec 31,
2012		Dec 31,
2013		Dec 31,
2014		Dec 31,
2015		Dec 31,
2016		Dec 31,
2017		Dec 31,
2018		Dec 31,
2019		Dec 31,
2020		Dec 31,
2021		Dec 31,
2022		Dec 31,
2023
Net income371317172731,913,00031,274,00042,024,00049,456,00044596182
Depreciation and amortization2228129,576,00010,358,0009,766,0009,553,0009,425,00013,678,00012,945,00011
Accretion of acquired loans----54,925,0002,338,0001,373,000686,000449,000135,000--
Provision (benefit) for credit losses-----------6,550,0008
Deferred income tax expense (benefit)-27,361,0006854-812,000831,000-372,00026,000-4,141,0002,020,000-1,353,000-2
us-gaap_ShareBasedCompensation61,00054,000473,000714,000684,0001,459,0001,981,0002,410,0002,931,0002,325,0003,784,0003,377,0003
Stock grants to directors for retainer fee---155,000403,000327,000363,000441,000375,000394,000344,000359,0000
Proceeds from sales of mortgage loans held for sale51845167121114,757,000111,311,000101,146,000261,021,000677,634,000686,418,000237,779,000196
Origination of mortgage loans held for sale50844865117110,778,000108,857,00096,179,000256,767,000665,992,000649,245,000217,030,000205
Net gain on sales of mortgage loans held for sale681,0001658,000243,699,0003,972,0003,536,0008,108,00029,541,00030,402,0008,197,0007
Net gain from sales and valuation write-downs of foreclosed assets--2-62,000520,000319,000169,000254,000325,00078,00069,0000
Net (gain) loss from sale and write-downs on former bank premises------35,000-133,00078,000436,00027,000140,000-275,000-0
Net (gain) loss from sales and disposals of premises and equipment-----55,000-174,000-71,000-134,000-294,000-1,514,000-246,00036,000-0
Earnings on bank owned life insurance221111,264,0002,731,0001,287,0003,886,0001,214,0001,164,0001,678,0002
Gain on sale of branch----------1,058,000--
Net (gain) loss on instruments designated at fair value and related derivatives-----------45,000-0
Accrued interest receivable-1,539,000-529,000-225,00011,000321,000-122,0001,056,0001,126,00048,000917,000-1,528,0006,165,0004
Other assets-2,771,0002-8,465,000-1,795,0005648,000354,0002,193,0007,636,00010,892,00016,279,000437,00030
Accrued interest and other liabilities----9,822,0004-1,046,000-943,00011,029,000-2,818,0001,895,000335,00032,524,00014
Net cash from operating activities23172914--38,665,00061,737,00044,767,00037,877,00064,573,000119,862,00067
Purchases of securities available for sale----------298,708,000107,011,00020
Proceeds from maturities, calls and repayments of securities available for sale81103357694172,173,00052,504,00040,308,00079,478,000321,164,00080,432,00017,984,00024
Loan originations and payments, net-162,928,000-16,237,000159118997,282,000178,373,000193,556,00099,620,000341,461,000267,899,000462,427,000387
Proceeds from Federal Home Loan Bank stock redemption-----------281,000-
Purchases of bank owned life insurance-----7,000,0001,500,000-4,500,000700,0002,000,0004,500,0004
Purchases of Federal Home Loan Bank stock-----459,0003,010,0004,986,0001,980,000---4
Proceeds from bank owned life insurance death benefits claim------2,720,000-7,708,000--628,000-
Purchases of bank owned life insurance-----7,000,0001,500,000-4,500,000700,0002,000,0004,500,0004
Net cash transferred in branch sale----------2,679,000--
Proceeds from bank owned life insurance death benefits claim------2,720,000-7,708,000--628,000-
Purchases of premises and equipment and lease activity556,000571,000326,000212,025,0005,423,0006,318,00013,484,0008,989,0005,602,0003,017,0007
Net cash transferred in branch sale----------2,679,000--
Proceeds from sales of former bank premises-----45,00025,0001,964,000854,000162,000753,0002,994,0001
Purchases of premises and equipment and lease activity556,000571,000326,000212,025,0005,423,0006,318,00013,484,0008,989,0005,602,0003,017,0007
Proceeds from sales of foreclosed assets11188432,059,000993,000772,000790,000700,000196,00069,0001
Proceeds from sales of former bank premises-----45,00025,0001,964,000854,000162,000753,0002,994,0001
Net cash for investing activities22867-12,419,00065---191,472,000-210,480,000-92,838,000-398,806,000-495,507,000-554,999,000-396
Proceeds from sales of foreclosed assets11188432,059,000993,000772,000790,000700,000196,00069,0001
Net cash for investing activities22867-12,419,00065---191,472,000-210,480,000-92,838,000-398,806,000-495,507,000-554,999,000-396
Net (decrease) increase in time deposits-210,617,000-47,257,000-23,038,000-58,927,000-147,106,000-20,854,000-55,839,000-30,091,000170,921,000-99,294,000-120,512,000-57,189,000423
Net (decrease) increase in all other deposits49707-11,307,000147120,457,000203,219,000-28,566,00055,755,000820,463,000806,796,000-313,193,000-235
Net (decrease) increase in securities sold under agreements to repurchase-44,410,000-7,804,000544-12,798,000-23,061,000-12,962,000-15,229,000-844,00015,690,00079,098,000-3,123,00035
Proceeds from Federal Home Loan Bank advances---------60,000,000-28,263,000240
Maturities of Federal Home Loan Bank advances2030-363,000,00045,000,00030,000,00040,000,00020,000,00020,000,00094,000,00080
Net proceeds from subordinated notes issuance----------73,635,00014,645,000-
Proceeds from stock option exercises, net of cashless exercises55,000227,000289,000282,000891,000978,000318,000108,000128,0003,00050,00036,000-
Employee stock purchase plan42,00039,00019,00023,00044,00036,00046,00052,00050,00049,00048,00045,0000
Dividend reinvestment plan-14,00033,000209,000655,0001,601,0001,576,0001,165,000729,000814,000877,000867,0001
Repurchases of common stock----163,732,000-5,943,0007,183,0006,591,00021,380,000--
Payment of cash dividends to common shareholders-774,0004241018,731,00012,046,00027,500,00017,108,00017,930,00018,524,00019,602,00021
Net cash (for) from financing activities-238,054,000-24,120,000-5,126,000-53,404,000--169,312,00023,996,000206,448,000753,204,000780,088,000-443,251,000363
Net change in cash and cash equivalents---------392,275,000349,154,000-878,388,00034
Interest------15,468,00021,569,00032,103,00027,703,00020,352,00021,765,00072
Federal income taxes---3815,125,00014,225,00010,075,00011,975,00010,950,00017,550,00011,200,00025
Transfers from loans to foreclosed assets---12414,000887,000744,000337,000146,00030,000-0
Transfers from bank premises to other real estate owned-----381,0001,736,000296,000258,000613,000--1
Transfers from premises and equipment to other assets-----------2,847,000-
Transfers from premises and equipment to other assets-------------