Mercantile Bank Balance Sheet Health
Financial Health criteria checks 6/6
Mercantile Bank has total assets of $5.5B and total equity of $536.6M. Total deposits are $4.0B, and total loans are $4.3B. It earns a Net Interest Margin of 4.1%. It has sufficient allowance for bad loans, which are currently at 0.1% of total loans. Cash and short-term investments are $237.2M.
Key information
10.2x
Asset to equity ratio
4.1%
Net interest margin
| Total deposits | US$4.01b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.1% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$237.23m |
Recent financial health updates
No updates
Recent updates
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19
Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Jan 22Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67
Jan 19Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold
Jan 19Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Aug 28Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34
Aug 14Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Jul 21Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Apr 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M
Oct 18Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Jul 22Mercantile Bank raises dividend by 3.2% to $0.32
Jul 19Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31
Jan 21Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now
May 20Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
Feb 27How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?
Feb 16Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield
Jan 21
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MBWM's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: MBWM has a sufficient allowance for bad loans (855%).
Low Risk Liabilities: 81% of MBWM's liabilities are made up of primarily low risk sources of funding.
Loan Level: MBWM has an appropriate level of Loans to Assets ratio (78%).
Low Risk Deposits: MBWM's Loans to Deposits ratio (107%) is appropriate.
Level of Bad Loans: MBWM has an appropriate level of bad loans (0.1%).