Mercantile Bank (MBWM) - Total debt

Total debt on the balance sheet as of September 2024 : $0.55 Billion USD

According to Mercantile Bank's latest financial reports the company's total debt is $0.55 Billion USD. A company’s total debt is the sum of all current and non-current debts.

Mercantile Bank - Total debt on balance sheet (from 1999 to 2024)

Total debt by year

Year	Total debt	Change
2023-12-31	$0.60 B	36.04%
2022-12-31	$0.44 B	-10.09%
2021-12-31	$0.49 B	12.3%
2020-12-31	$0.44 B	10.15%
2019-12-31	$0.40 B	1.18%
2018-12-31	$0.39 B	49.22%
2017-12-31	$0.26 B	20.78%
2016-12-31	$0.21 B	78.5%
2015-12-31	$0.12 B	13.51%
2014-12-31	$0.10 B	39.11%
2013-12-31	$77.99 M	14.71%
2012-12-31	$67.99 M	-14.4%
2011-12-31	$79.42 M	-27.66%
2010-12-31	$0.10 B	-56.92%
2009-12-31	$0.25 B	-20.97%
2008-12-31	$0.32 B	48.62%
2007-12-31	$0.21 B	65.27%
2006-12-31	$0.13 B	-20.58%
2005-12-31	$0.16 B	6.95%
2004-12-31	$0.15 B	43.67%
2003-12-31	$0.10 B	590.86%
2002-12-31	$15.57 M	-2.65%
2001-12-31	$16 M	-0.35%
2000-12-31	$16.05 M	0.36%
1999-12-31	$16 M

Total debt for similar companies or competitors

Company	Total debt/th>	differencediff.	Country
Independent Bank (Michigan) IBCP	$79.34 M	-85.74%	🇺🇸 USA
Macatawa Bank MCBC	$20 M	-96.41%	🇺🇸 USA
1st Source SRCE	$0.20 B	-64.04%	🇺🇸 USA

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