Mercantile Bank Corporation Net Asset Quality Index
Mercantile Bank Corporation net asset quality index. Mercantile Bank Corporation (MBWM) has a Net Asset Quality Index of 11.1% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $6.82 Billion minus total liabilities of $6.06 Billion yields net assets of $755.12 Million. A higher index indicates a stronger, lower-leverage balance sheet. See Mercantile Bank Corporation book value and equity for net asset value and shareholders' equity analysis.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Mercantile Bank Corporation (1998–2025)
Net asset quality index of Mercantile Bank Corporation from 1998 to 2025. This chart shows how Mercantile Bank Corporation's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of June 2026, the index stands at 11.1%, representing net assets of $755.12 Million against total assets of $6.82 Billion USD. Check Mercantile Bank Corporation (MBWM) strategic asset index to assess the company's strategic physical and investment asset allocation.
Mercantile Bank Corporation Net Asset Quality Index by Year (1998–2025)
Mercantile Bank Corporation net asset quality index by year from 1998 to 2025. The table below presents the year-by-year Net Asset Quality Index for Mercantile Bank Corporation from 1998 to 2025, covering 28 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see Mercantile Bank Corporation (MBWM) market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 10.6% | $724.88 Million | $6.84 Billion | $6.11 Billion | ▲ +0.9 pp |
| 2024 | 9.7% | $584.53 Million | $6.05 Billion | $5.47 Billion | ▼ -0.1 pp |
| 2023 | 9.8% | $522.14 Million | $5.35 Billion | $4.83 Billion | ▲ +0.7 pp |
| 2022 | 9.1% | $441.41 Million | $4.87 Billion | $4.43 Billion | ▲ +0.4 pp |
| 2021 | 8.7% | $456.56 Million | $5.26 Billion | $4.80 Billion | ▼ -1.3 pp |
| 2020 | 10.0% | $441.55 Million | $4.44 Billion | $4.00 Billion | ▼ -1.5 pp |
| 2019 | 11.5% | $416.56 Million | $3.63 Billion | $3.22 Billion | ▲ +0.3 pp |
| 2018 | 11.2% | $375.25 Million | $3.36 Billion | $2.99 Billion | ▲ +0.0 pp |
| 2017 | 11.1% | $365.87 Million | $3.29 Billion | $2.92 Billion | ▲ +0.1 pp |
| 2016 | 11.1% | $340.81 Million | $3.08 Billion | $2.74 Billion | ▼ -0.4 pp |
| 2015 | 11.5% | $333.80 Million | $2.90 Billion | $2.57 Billion | ▲ +0.2 pp |
| 2014 | 11.3% | $328.14 Million | $2.89 Billion | $2.57 Billion | ▲ +0.6 pp |
| 2013 | 10.7% | $153.32 Million | $1.43 Billion | $1.27 Billion | ▲ +0.4 pp |
| 2012 | 10.3% | $146.59 Million | $1.42 Billion | $1.28 Billion | ▼ -1.2 pp |
| 2011 | 11.5% | $165.00 Million | $1.43 Billion | $1.27 Billion | ▲ +3.8 pp |
| 2010 | 7.7% | $125.94 Million | $1.63 Billion | $1.51 Billion | ▲ +0.4 pp |
| 2009 | 7.3% | $140.10 Million | $1.91 Billion | $1.77 Billion | ▼ -0.5 pp |
| 2008 | 7.9% | $174.37 Million | $2.21 Billion | $2.03 Billion | ▼ -0.5 pp |
| 2007 | 8.4% | $178.16 Million | $2.12 Billion | $1.94 Billion | ▲ +0.1 pp |
| 2006 | 8.3% | $171.91 Million | $2.07 Billion | $1.90 Billion | ▼ -0.1 pp |
| 2005 | 8.4% | $155.12 Million | $1.84 Billion | $1.68 Billion | ▼ -0.8 pp |
| 2004 | 9.2% | $141.62 Million | $1.54 Billion | $1.39 Billion | ▼ -1.6 pp |
| 2003 | 10.8% | $130.20 Million | $1.20 Billion | $1.07 Billion | ▲ +2.2 pp |
| 2002 | 8.7% | $79.83 Million | $921.86 Million | $842.02 Million | ▼ -1.6 pp |
| 2001 | 10.2% | $71.46 Million | $698.68 Million | $627.22 Million | ▲ +4.0 pp |
| 2000 | 6.2% | $31.85 Million | $512.75 Million | $480.89 Million | ▼ -1.4 pp |
| 1999 | 7.6% | $28.00 Million | $368.00 Million | $340.00 Million | ▼ -4.7 pp |
| 1998 | 12.3% | $26.70 Million | $216.24 Million | $189.54 Million | — |