Mercantile Bank
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Mercantile Bank's balance sheet done over the years? Its assets were worth $5,353,224,000 last year, which is more than in the previous period. 90% of Mercantile Bank’s total assets is currently financed by debt. Its liabilities reached the amount of $4,831,079,000, which means an increase by 9% compared compared to last year.
Debt to Assets
| 2014 | 2893379000 | 2.56B | 88.66% |
|---|---|---|---|
| 2015 | 2903556000 | 2.56B | 88.5% |
| 2016 | 3082571000 | 2.74B | 88.94% |
| 2017 | 3286704000 | 2.92B | 88.87% |
| 2018 | 3363907000 | 2.98B | 88.84% |
| 2019 | 3632915000 | 3.21B | 88.53% |
| 2020 | 4437344000 | 3.99B | 90.05% |
| 2021 | 5257749000 | 4.80B | 91.32% |
| 2022 | 4872619000 | 4.43B | 90.94% |
| 2023 | 5353224000 | 4.83B | 90.25% |
MBWM Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 130.53M | 96.77M | 975.16M | 626.00M | 233.73M | 75.35M | 200.10M | 183.59M | 89.29M | 161.53M |
Short term investments | 617.09M | 602.93M | 592.74M | 387.34M | 334.65M | 337.36M | 335.74M | 328.06M | 346.99M | 432.91M |
Net receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other current assets | 0 | 112.24M | 984.47M | 637.56M | 244.12M | 2.51B | 0 | 2.13B | 0 | 0 |
Total current assets | 130.53M | 699.70M | 1.56B | 1.01B | 568.38M | 2.92B | 2.84B | 2.64B | 2.44B | 2.34B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 50.92M | 51.47M | 57.29M | 58.95M | 57.32M | 48.32M | 46.03M | 45.45M | 46.86M | 48.81M |
Goodwill | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M | 49.47M |
Intangible assets | 0 | 583K | 1.35M | 2.43M | 3.84M | 5.56M | 7.6M | 9.95M | 12.63M | 15.62M |
Long term investments | 617.09M | 602.93M | 592.74M | 387.34M | 334.65M | 337.36M | 335.74M | 328.06M | 346.99M | 432.91M |
Other non-current assets | 4.49B | -28.93M | -11.64M | -11.63M | -7.36M | -9.01M | -7.54M | -12.80M | 2.71B | 2.61B |
Total non-current assets | 5.20B | 704.46M | 700.86M | 498.21M | 445.29M | 440.72M | 438.85M | 432.94M | 455.95M | 546.82M |
Total assets | 5.35B | 4.87B | 5.25B | 4.43B | 3.63B | 3.36B | 3.28B | 3.08B | 2.90B | 2.89B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | -197.57M | -266.81M | -114.05M | -120.26M | -118.28M | -124.54M | -161.48M | 0 | 0 |
Short term debt | 0 | 275.78M | 291.46M | 138.36M | 142.67M | 143.51M | 0 | 176.71M | 0 | 0 |
Total current liabilities | 1.94B | 78.21M | 24.64M | 24.30M | 22.41M | 25.23M | 14.20M | 15.23M | 16.44M | 12.26M |
| Non-current liabilities: | ||||||||||
Long term debt | 515.69M | 445.84M | 495.89M | 441.56M | 400.88M | 396.19M | 265.51M | 219.83M | 123.15M | 108.49M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.37B | -367.63M | -495.89M | -441.56M | -400.88M | 25.23M | 0 | -9.13M | 2.44B | 2.45B |
Total non-current liabilities | 2.89B | 78.21M | 495.89M | 441.56M | 400.88M | 396.19M | 265.51M | 219.83M | 123.15M | 108.49M |
Total liabilities | 4.83B | 4.43B | 4.80B | 3.99B | 3.21B | 2.98B | 2.92B | 2.74B | 2.56B | 2.56B |
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