MERCANTILE BANK CORP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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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.
FY2024 · Filed Mar 3, 2025
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) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net income | $79,593 | $82,217 | $61,063 |
| Other comprehensive income (loss): | |||
| Unrealized holding gains (losses) on securities available for sale | 836 | 18,804 | (77,990) |
| Total other comprehensive income (loss) | 836 | 18,804 | (77,990) |
| Tax effect of unrealized holding gains (losses) on securities available for sale | (174) | (3,950) | 16,378 |
| Total tax effect of other comprehensive income (loss) | (174) | (3,950) | 16,378 |
| Other comprehensive income (loss), net of tax effect | 662 | 14,854 | (61,612) |
| Comprehensive income (loss) | $80,255 | $97,071 | $(549) |
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