MERCANTILE BANK CORPORATION MBWM Balance Sheet

Mercantile bank corporation (MBWM)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash and due from banks
49	53	84	57	46	64	51	56	47	55	53	52	40	50	55	60	38	42	43	44	42	43	49	58	25	17	33	16	14	20	15	18	13	12	18	13	6
Interest-earning deposits
186	180	144	92	168	10	28	69	163	144	123	48	12	133	85	46	62	46	49	83	95	117	72	48	6	6	6	6	10	10	10	10	10	9	9	9	9
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	10	9	10	11	10	11	77	123	86	35	89	104	78	53	61	54	97	103	47
Total cash and cash equivalents
236	233	228	150	214	75	80	125	211	200	177	101	52	183	141	106	101	89	103	138	148	172	132	118	109	146	125	57	114	136	103	82	85	76	125	126	64
Securities available for sale
312	334	345	347	337	337	326	331	336	335	330	322	332	328	325	323	343	346	367	373	413	432	454	475	141	131	123	130	140	138	135	127	149	172	173	199	220
Federal Home Loan Bank stock
18	18	18	18	18	16	11	11	11	11	11	11	9	8	8	8	7	7	7	7	13	13	19	19	11	11	11	11	11	11	11	11	11	11	11	11	14
Loans
2,901	2,856	2,933	2,881	2,799	2,753	2,697	2,636	2,551	2,558	2,554	2,527	2,441	2,378	2,406	2,379	2,295	2,277	2,217	2,171	2,120	2,089	2,068	2,073	1,066	1,053	1,075	1,058	1,022	1,041	1,035	1,060	1,051	1,072	1,094	1,122	1,262
Allowance for loan losses
24	23	24	24	23	22	21	21	19	19	19	18	18	17	17	17	16	15	16	16	21	20	20	20	20	22	25	24	26	28	27	29	30	36	39	38	45
Loans, net
2,876	2,832	2,908	2,857	2,776	2,730	2,675	2,615	2,531	2,539	2,535	2,508	2,423	2,360	2,388	2,362	2,279	2,262	2,201	2,155	2,099	2,069	2,047	2,052	1,045	1,030	1,050	1,033	996	1,012	1,007	1,031	1,020	1,035	1,054	1,084	1,217
Premises and equipment, net
59	57	54	51	50	48	48	47	46	46	45	45	45	45	45	45	45	46	47	47	48	48	48	49	24	24	25	25	25	25	26	26	26	26	26	27	27
Bank owned life insurance
70	70	67	67	69	69	69	69	69	68	66	66	66	67	66	66	59	58	58	58	58	57	55	55	51	51	51	50	50	50	49	49	48	48	48	47	46
Goodwill
49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	49	50	50	-	0	-	-	-	-	-	-	-	-	-	-	-
Core deposit intangible, net
3	3	4	4	5	5	6	6	7	7	8	8	9	9	10	11	11	12	13	14	14	15	16	17	-	0	-	-	-	-	-	-	-	-	-	-	-
Net deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	15	-	19	19	20	22	22	25	25	26	-	-	0
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	3	-	3	3	3	3	3	3	4	4	4	5	5
Other real estate owned and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	-	3	3	6	6	11	11	13	15	17	18	16
Other assets
31	32	33	28	30	31	33	32	31	28	31	28	30	30	27	25	27	29	32	31	30	33	37	20	6	30	6	6	14	15	15	15	15	14	15	16	18
Total assets
3,657	3,632	3,710	3,576	3,551	3,363	3,300	3,288	3,293	3,286	3,254	3,143	3,018	3,082	3,063	2,999	2,926	2,903	2,881	2,875	2,877	2,893	2,863	2,879	1,413	1,426	1,422	1,343	1,385	1,422	1,388	1,385	1,401	1,433	1,477	1,537	1,632
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing
956	924	967	918	857	889	879	884	830	866	826	800	757	810	731	733	678	674	619	612	568	558	535	515	230	224	216	197	189	190	166	164	151	147	144	144	112
Interest-bearing
1,689	1,765	1,799	1,700	1,753	1,573	1,629	1,645	1,709	1,655	1,663	1,570	1,520	1,564	1,597	1,546	1,587	1,600	1,635	1,666	1,710	1,718	1,736	1,787	877	894	905	864	903	944	940	941	941	965	1,041	1,103	1,160
Total depositss
2,645	2,690	2,767	2,619	2,610	2,463	2,508	2,529	2,540	2,522	2,489	2,370	2,278	2,374	2,329	2,279	2,265	2,275	2,254	2,278	2,279	2,276	2,271	2,303	1,108	1,118	1,121	1,061	1,092	1,135	1,107	1,105	1,093	1,112	1,185	1,247	1,273
Securities sold under agreements to repurchase
133	102	103	119	111	103	112	94	104	118	122	110	126	131	146	136	162	154	158	152	148	167	142	124	63	69	65	57	68	64	60	52	57	72	69	71	116
Federal Home Loan Bank advances
394	354	364	374	384	350	240	230	220	220	220	245	205	175	178	178	98	68	68	48	48	54	57	57	45	45	45	35	35	35	35	35	45	45	45	45	65
Subordinated debentures
47	46	46	46	46	46	46	45	45	45	45	45	45	44	44	44	44	55	54	54	54	54	54	54	32	32	32	32	32	32	32	32	32	32	32	32	32
Other borrowed money
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	-	-	-	1	1	1	1	1	1	11
Accrued interest and other liabilities
19	22	21	16	15	25	13	13	14	14	15	14	16	15	15	16	17	16	17	13	14	12	16	10	6	7	6	6	6	8	6	7	4	4	6	8	5
Total liabilities
3,238	3,216	3,303	3,176	3,168	2,988	2,920	2,913	2,925	2,920	2,892	2,785	2,670	2,741	2,714	2,655	2,587	2,569	2,552	2,546	2,544	2,565	2,542	2,563	1,255	1,273	1,272	1,192	1,235	1,276	1,243	1,235	1,234	1,268	1,341	1,406	1,506
Shareholders' equity
Preferred stock, no par value; 1,000,000 shares authorized; none issued
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	0	0	20	20	20	20	20
Common stock, no par value; 40,000,000 shares authorized; 16,205,207 shares outstanding at March 31, 2020 and 16,425,136 shares outstanding at December 31, 2019
299	305	304	306	305	308	312	311	310	309	309	308	307	305	304	303	302	304	304	310	316	317	317	318	162	162	163	164	165	166	166	172	172	172	172	172	172
Common stock warrant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	1	1	1	1	1
Retained earnings
114	107	98	90	83	75	80	74	68	61	55	50	45	40	43	38	33	27	23	18	14	10	5	0	-0	-4	-9	-12	-16	-21	-24	-26	-30	-32	-62	-65	-68
Accumulated other comprehensive income (loss)
4	3	4	2	-4	-8	-13	-10	-10	-4	-1	-0	-4	-5	1	2	2	1	0	0	1	0	-2	-2	-3	-5	-4	-0	1	1	2	2	2	3	5	2	0
Total shareholders’ equity
418	416	407	400	383	375	379	374	368	365	362	357	348	340	349	344	338	333	328	328	332	328	320	316	157	153	149	150	149	146	144	149	167	164	136	130	125
Total liabilities and shareholders’ equity
3,657	3,632	3,710	3,576	3,551	3,363	3,300	3,288	3,293	3,286	3,254	3,143	3,018	3,082	3,063	2,999	2,926	2,903	2,881	2,875	2,877	2,893	2,863	2,879	1,413	1,426	1,422	1,343	1,385	1,422	1,388	1,385	1,401	1,433	1,477	1,537	1,632