Mercantile Bank Corporation (MBWM) financial statements (2020 and earlier)

Company profile

Business Address 310 LEONARD STREET NW
GRAND RAPIDS, MI 49504
State of Incorp. MI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2347520018489162 
Cash and cash equivalents2347520018489162 
Disposal group, including discontinued operation     2 
Total current assets:2347520018489163 
Noncurrent Assets
Property, plant and equipment57484645474925
Intangible assets, net (including goodwill)535557596265
Goodwill494949494949 
Intangible assets, net (excluding goodwill)468101316 
Total noncurrent assets:11110310310510911425
Other undisclosed assets3,2893,1852,9832,7942,7052,6161,402
TOTAL ASSETS:3,6333,3643,2873,0832,9042,8931,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt143144119132155168 
Total current liabilities:143144119132155168 
Noncurrent Liabilities
Other undisclosed liabilities3,0742,8452,8022,6102,4152,3981,274
Total liabilities:3,2162,9892,9212,7422,5702,5651,274
Stockholders' equity
Stockholders' equity attributable to parent, including:417375366341334328153
Common stock305308310305305  
Accumulated other comprehensive income (loss)4(8)(5)(6)10(6)
Retained earnings (accumulated deficit)1087561412810(4)
Other undisclosed stockholders' equity attributable to parent     318163
Total stockholders' equity:417375366341334328153
TOTAL LIABILITIES AND EQUITY:3,6333,3643,2873,0832,9042,8931,427

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues16614614313512797 
Net investment income15814212611811289 
Cost of revenue(2)(1)(3)(3)   
Provision for loan, lease, and other losses(2)(1)
Financial services costs(3)(3)   
Gross profit:16514414013212797 
Operating expenses(18)(17)(61)(59)(58)(51)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
2213211
Operating income (loss):14913080757247(15)
Nonoperating income
(Bank Owned Life Insurance Income)
4131111
Interest and debt expense(34)(22)(16)(13)(11)(11)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(58)(57)(21)(17)(23)(12)49
Income from continuing operations before income taxes:60524647392525
Income tax expense(11)(10)(15)(15)(12)(8)(8)
Net income available to common stockholders, diluted:49423132271717

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:49423132271717
Comprehensive income:49423132271717
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(3)2(7)16(7)
Comprehensive income, net of tax, attributable to parent:61393325282310

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: