MERCANTILE BANK CORPORATION
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $55.1M | $50.2M | $42.8M | $43.8M | $17.1M | $136.0M | $76.4M | $64.2M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $46.0M | $45.5M | $46.9M | $48.8M | $24.9M | $25.9M | $26.8M | $27.9M |
| Goodwill | $49.5M | $49.5M | $49.5M | $49.5M | $0 | — | — | — |
| Intangible Assets (Excl. Goodwill) | $7.6M | $10.0M | $12.6M | $15.6M | $0 | — | — | — |
| Total Assets | $3.29B | $3.08B | $2.90B | $2.89B | $1.43B | $1.42B | $1.43B | $1.63B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $2.92B | $2.74B | $2.57B | $2.57B | $1.27B | $1.28B | $1.27B | $1.51B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $61.0M | $40.9M | $27.7M | $10.2M | $-4.1M | $-21.1M | $-32.6M | $-68.8M |
| Total Stockholders' Equity | $365.9M | $340.8M | $333.8M | $328.1M | $153.3M | $146.6M | $165.0M | $125.9M |