MERCANTILE BANK CORP

For the period ended Sep 30, 2025. Filed Oct 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 31, 2025

MBWM$61.63+1.8%Stored close · as of Nov 9, 2026

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Contents

INDEX

PART I.	Financial Information	Page No.
Item 1. Financial Statements
	Consolidated Balance Sheets – September 30, 2025 (Unaudited) and December 31, 2024	1
	Consolidated Statements of Income (Unaudited) - Three and Nine Months Ended September 30, 2025 and September 30, 2024	2
	Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - Three and Nine Months Ended September 30, 2025 and September 30, 2024	3
	Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) – Three and Nine Months Ended September 30, 2025 and September 30, 2024	4
	Consolidated Statements of Cash Flows (Unaudited) – Nine Months Ended September 30, 2025 and September 30, 2024	8
	Notes to Consolidated Financial Statements (Unaudited)	10
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	46
	Item 3. Quantitative and Qualitative Disclosures About Market Risk	62
	Item 4. Controls and Procedures	64
PART II.	Other Information
	Item 1. Legal Proceedings	65
	Item 1A. Risk Factors	65
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	66
	Item 3. Defaults Upon Senior Securities	66
	Item 4. Mine Safety Disclosures	66
	Item 5. Other Information	66
	Item 6. Exhibits	67
	Signatures	68

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