Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$31.86 $0.26 (0.82%) MBWM stock closing price May 23, 2017 (Closing)

The financial analysis of a company like Mercantile Bank involves checking the three financial statements of the company in detail, of which the balance sheet is one. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Mercantile Bank stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Mercantile Bank revenue was $34.56M and Mercantile Bank operating cash flow was $7.62M for 2017-Q1. The balance sheet shows total liabilities of $2.67B and shareholders equity of $348.05M. View Mercantile Bank quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4
Cash52.98M183.59M141.73M106.98M101.18M89.89M103.84M138.43M148.79M172.73M
Marketable Securities----------
Receivables2.42B2.36B2.39B2.36B2.28B2.26B2.2B2.16B2.1B2.07B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
2.48B2.54B2.53B2.47B2.38B2.35B2.31B2.29B2.25B2.24B
Property Plant & Equipment-74.17M73.23M72.93M72.62M72.9M72.87M72.54M72.27M71.96M
Accumulated Depreciation-28.71M28.02M27.37M26.65M26.03M25.36M24.63M23.9M23.15M
Mercantile Bank Net Property Plant & Equipment
45.85M45.45M45.21M45.55M45.96M46.86M47.5M47.9M48.36M48.81M
Investment & Advances341.68M336.08M333.46M331.47M351.37M354.55M374.74M381.01M427.39M446.61M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles58.79M59.43M60.06M60.7M61.38M62.1M62.81M63.53M64.3M65.09M
Deposits & Other Assets96.59M97.34M94.63M92.38M86.74M88.09M91.19M89.79M88.62M90.88M
Mercantile Bank Total Assets
3.02B3.08B3.06B3B2.93B2.9B2.88B2.88B2.88B2.89B
Notes Payable131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M
Accounts Payable2.28B2.37B2.33B2.28B2.27B2.28B2.25B2.28B2.28B2.28B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses16.17M15.23M15.54M16.45M17.74M16.44M17.29M13.28M14M12.26M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
2.42B2.52B2.49B2.43B2.45B2.45B2.43B2.44B2.44B2.46B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt250.01M219.83M222.66M222.49M142.32M123.15M122.98M102.81M102.65M108.49M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
2.67B2.74B2.71B2.66B2.59B2.57B2.55B2.55B2.54B2.57B
Minority Interest----------
Preferred Stock----------
Common Stock Net307.37M305.48M304.02M303.33M302.36M304.81M304.37M310.13M316.53M317.9M
Capital Surplus----------
Retained Earnings45.6M40.9M43.65M38.55M33.69M27.72M23.67M18.76M14.48M10.21M
Treasury Stock----------
Other Liabilities-4.92M-5.58M1.78M2.68M2.49M1.26M0.76M0.06M1.76M0.01M
Mercantile Bank Shareholders Equity
348.05M340.81M349.47M344.57M338.55M333.8M328.82M328.97M332.78M328.13M
Mercantile Bank Total Liabilities & Shareholders Equity
3.02B3.08B3.06B3B2.93B2.9B2.88B2.88B2.88B2.89B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Mercantile Bank stock price by looking at Mercantile Bank historical stock prices. One can compare PE with industry average by looking at the Mercantile Bank PE ratio chart. The common balance sheet items are:
  • Assets: Anything that the Mercantile Bank company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Mercantile Bank had total assets of $3.02B.
  • Liabilities: The total liabilities of Mercantile Bank for 2017-Q1 total to $2.67B. Liabilities for a company like Mercantile Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.02
Debt to Equity ratio
1.1
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.5210