MERCANTILE BANK CORP
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 1, 2024
MBWM$61.36-0.4%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| (Dollars in thousands) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net income | $82,217 | $61,063 | $59,021 |
| Other comprehensive income (loss): | |||
| Unrealized holding gains (losses) on securities available for sale | 18,804 | (77,990) | (11,664) |
| Total other comprehensive income (loss) | 18,804 | (77,990) | (11,664) |
| Tax effect of unrealized holding gains (losses) on securities available for sale | (3,950) | 16,378 | 2,449 |
| Total tax effect of other comprehensive income (loss) | (3,950) | 16,378 | 2,449 |
| Other comprehensive income (loss), net of tax effect | 14,854 | (61,612) | (9,215) |
| Comprehensive income (loss) | $97,071 | $(549) | $49,806 |
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