2023 Q3 Form 10-Q Financial Statement

#000143774923022086 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $71.15M $65.92M $39.55M
YoY Change 47.84% 66.67% 10.56%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.500M $1.400M $1.500M
YoY Change 0.0% -6.67% 7.14%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $22.19M $18.37M $5.224M
YoY Change 285.75% 251.59% 6.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $25.99M $25.37M $14.63M
YoY Change 30.11% 73.45% -34.52%
Income Tax $5.132M $5.010M $2.888M
% Of Pretax Income 19.75% 19.75% 19.75%
Net Earnings $20.86M $20.36M $11.74M
YoY Change 30.1% 73.44% -35.12%
Net Earnings / Revenue 29.31% 30.88% 29.68%
Basic Earnings Per Share $1.30 $1.27 $0.74
Diluted Earnings Per Share $1.30 $1.27 $0.74
COMMON SHARES
Basic Shares Outstanding 16.02M 16.00M 15.85M
Diluted Shares Outstanding 16.02M 16.00M 15.85M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $266.0M $207.8M $479.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $52.23M $52.29M $51.40M
YoY Change 0.22% 1.73% -11.76%
Goodwill $49.47M $49.47M $49.47M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.251B $5.138B $5.059B
YoY Change 4.67% 1.56% 6.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.7M $76.63M $50.04M
YoY Change 27.75% 53.15% 121.39%
Accrued Expenses $4.000M $3.800M $3.000M
YoY Change -2.44% 26.67%
Deferred Revenue
YoY Change
Short-Term Debt $164.1M $219.5M $203.3M
YoY Change -17.37% 7.93% 19.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $270.8M $296.1M $53.04M
YoY Change 236.85% 458.28% 134.67%
LONG-TERM LIABILITIES
Long-Term Debt $138.4M $138.1M $137.0M
YoY Change 0.78% 0.77% 186.1%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $138.4M $138.1M $137.0M
YoY Change 0.78% 0.77% 186.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $270.8M $296.1M $53.04M
Total Long-Term Liabilities $138.4M $138.1M $137.0M
Total Liabilities $4.768B $4.659B $4.630B
YoY Change 3.63% 0.63% 7.53%
SHAREHOLDERS EQUITY
Retained Earnings $262.8M $247.3M $188.5M
YoY Change 31.75% 31.23% 19.92%
Common Stock $294.0M $292.9M $288.2M
YoY Change 1.64% 1.63% -1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $483.2M $478.7M $429.0M
YoY Change
Total Liabilities & Shareholders Equity $5.251B $5.138B $5.059B
YoY Change 4.67% 1.56% 6.33%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $20.86M $20.36M $11.74M
YoY Change 30.1% 73.44% -35.12%
Depreciation, Depletion And Amortization $1.500M $1.400M $1.500M
YoY Change 0.0% -6.67% 7.14%
Cash From Operating Activities $36.40M $19.40M $22.11M
YoY Change 10.99% -12.24% -6.32%
INVESTING ACTIVITIES
Capital Expenditures $1.400M $2.172M -$67.00K
YoY Change -179.23% -3341.79% -96.58%
Acquisitions
YoY Change
Other Investing Activities -$50.30M -$86.02M -$185.2M
YoY Change -69.48% -53.56% -510.47%
Cash From Investing Activities -$51.80M -$88.19M -$185.3M
YoY Change -68.91% -52.4% -529.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 73.50M 218.6M -127.9M
YoY Change -219.92% -270.9% -416.52%
NET CHANGE
Cash From Operating Activities 36.40M 19.40M 22.11M
Cash From Investing Activities -51.80M -88.19M -185.3M
Cash From Financing Activities 73.50M 218.6M -127.9M
Net Change In Cash 58.10M 149.9M -291.1M
YoY Change -129.78% -151.48% -371.55%
FREE CASH FLOW
Cash From Operating Activities $36.40M $19.40M $22.11M
Capital Expenditures $1.400M $2.172M -$67.00K
Free Cash Flow $35.00M $17.23M $22.18M
YoY Change 1.26% -22.3% -13.24%

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CY2023Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
402000 usd
CY2022Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
785000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
802000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1072000 usd
CY2023Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
598000 usd
CY2022Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
486000 usd
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1117000 usd
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
910000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
7645000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
7741000 usd
us-gaap Noninterest Income
NoninterestIncome
14597000 usd
us-gaap Noninterest Income
NoninterestIncome
17018000 usd
CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
16461000 usd
CY2022Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15676000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
33143000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
31186000 usd
CY2023Q2 us-gaap Occupancy Net
OccupancyNet
2098000 usd
CY2022Q2 us-gaap Occupancy Net
OccupancyNet
2084000 usd
us-gaap Occupancy Net
OccupancyNet
4387000 usd
us-gaap Occupancy Net
OccupancyNet
4168000 usd
CY2023Q2 us-gaap Equipment Expense
EquipmentExpense
878000 usd
CY2022Q2 us-gaap Equipment Expense
EquipmentExpense
935000 usd
us-gaap Equipment Expense
EquipmentExpense
1700000 usd
us-gaap Equipment Expense
EquipmentExpense
1869000 usd
CY2023Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2881000 usd
CY2022Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3091000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
6043000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
6064000 usd
CY2023Q2 mbwm Charitable Foundation Contribution Expense
CharitableFoundationContributionExpense
2000 usd
CY2022Q2 mbwm Charitable Foundation Contribution Expense
CharitableFoundationContributionExpense
500000 usd
mbwm Charitable Foundation Contribution Expense
CharitableFoundationContributionExpense
12000 usd
mbwm Charitable Foundation Contribution Expense
CharitableFoundationContributionExpense
506000 usd
CY2023Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5509000 usd
CY2022Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4656000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
11144000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
8891000 usd
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
27829000 usd
CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
26942000 usd
us-gaap Noninterest Expense
NoninterestExpense
56429000 usd
us-gaap Noninterest Expense
NoninterestExpense
52684000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25367000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14625000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51503000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28945000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5010000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2888000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10171000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5716000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20357000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11737000 usd
us-gaap Net Income Loss
NetIncomeLoss
41332000 usd
us-gaap Net Income Loss
NetIncomeLoss
23229000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.47
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.27
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16003372
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15848681
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15999775
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15844763
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16003372
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15848681
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15999775
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15844763
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20357000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11737000 usd
us-gaap Net Income Loss
NetIncomeLoss
41332000 usd
us-gaap Net Income Loss
NetIncomeLoss
23229000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6645000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-19969000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
4841000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-55619000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1395000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-4193000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1017000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-11680000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5250000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15776000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3824000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-43939000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15107000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4039000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
45156000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20710000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
467372000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
13000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
232000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
317000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
828000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5167000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20357000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5250000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
478702000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
441408000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
23000 usd
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
449000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
317000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1681000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10332000 usd
us-gaap Net Income Loss
NetIncomeLoss
41332000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3824000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
478702000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
436471000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
11000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
213000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
347000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
797000 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4817000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11737000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-15776000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
428983000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
456559000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
21000 usd
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
435000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
347000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
36000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1608000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9629000 usd
us-gaap Net Income Loss
NetIncomeLoss
23229000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-43939000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
428983000 usd
us-gaap Net Income Loss
NetIncomeLoss
41332000 usd
us-gaap Net Income Loss
NetIncomeLoss
23229000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
5930000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
6692000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2600000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
600000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1681000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1608000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
317000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
347000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
70280000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
135521000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
76088000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
127413000 usd
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
2569000 usd
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
4955000 usd
mbwm Net Gain Loss From Sale And Valuation Write Down Of Foreclosed Assets
NetGainLossFromSaleAndValuationWriteDownOfForeclosedAssets
-0 usd
mbwm Net Gain Loss From Sale And Valuation Write Down Of Foreclosed Assets
NetGainLossFromSaleAndValuationWriteDownOfForeclosedAssets
20000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-377000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-391000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
802000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1072000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-106000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
121000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1486000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1573000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1338000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-22000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2873000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
16741000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37467000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49997000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
135410000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
269930000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
11641000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
78640000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
10198000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
11641000 usd
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
0 usd
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
20000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
3792000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
-0 usd
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
0 usd
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
281000 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
628000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
4680000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
399000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-145325000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-336399000 usd
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
227531000 usd
us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
-183553000 usd
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-77992000 usd
us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
-131308000 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
25117000 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
5876000 usd
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
40353000 usd
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
40000000 usd
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
200000000 usd
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
28263000 usd
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
14645000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
23000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
21000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
449000 usd
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
435000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10332000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9629000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
218882000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-209653000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
111024000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-496055000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
96772000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
975160000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
207796000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
479105000 usd
us-gaap Interest Paid Net
InterestPaidNet
28038000 usd
us-gaap Interest Paid Net
InterestPaidNet
8780000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13850000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5200000 usd
mbwm Transfers Of Premises And Equipment To Other Assets
TransfersOfPremisesAndEquipmentToOtherAssets
0 usd
mbwm Transfers Of Premises And Equipment To Other Assets
TransfersOfPremisesAndEquipmentToOtherAssets
2847000 usd
mbwm Transfer Of Bank Premises To Other Real Estate Owned
TransferOfBankPremisesToOtherRealEstateOwned
600000 usd
mbwm Transfer Of Bank Premises To Other Real Estate Owned
TransferOfBankPremisesToOtherRealEstateOwned
0 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
61000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2023Q2 us-gaap Continuing Involvement With Transferred Financial Assets Principal Amount Outstanding
ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
1370000000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
571000 usd
CY2022Q4 us-gaap Continuing Involvement With Transferred Financial Assets Principal Amount Outstanding
ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
1380000000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-2200000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-1000000.0 usd
CY2023Q2 mbwm Interest Income On Commercial And Mortgage Loans Discontinued Period
InterestIncomeOnCommercialAndMortgageLoansDiscontinuedPeriod
P90D
CY2023Q2 mbwm Maximum Delinquency Period For Consumer And Credit Card Loans To Be Charged Off
MaximumDelinquencyPeriodForConsumerAndCreditCardLoansToBeChargedOff
P120D
CY2023Q2 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
12200000 usd
CY2022Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
3600000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2600000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-700000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
686841000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
625000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
78494000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
608972000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
685646000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
83281000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
602936000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
78091000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8985000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
500297000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
69509000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
578388000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
78494000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
193930000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
17438000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
379216000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
65843000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
573146000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
83281000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
736 pure
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
578000000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
78500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
732 pure
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
573000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
83300000 usd
CY2023Q2 mbwm Weighted Average Yield Of Securities Portfolio Due In One Year Or Less
WeightedAverageYieldOfSecuritiesPortfolioDueInOneYearOrLess
0.0032 pure
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearAmortizedCostBasis
12635000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
12401000 usd
CY2023Q2 mbwm Weighted Average Yield Of Securities Portfolio Due From One To Five Years
WeightedAverageYieldOfSecuritiesPortfolioDueFromOneToFiveYears
0.0132 pure
CY2023Q2 mbwm Debt Securities Availableforsale Amortized Cost Maturity Allocated And Single Maturity Date Year One Through Five
DebtSecuritiesAvailableforsaleAmortizedCostMaturityAllocatedAndSingleMaturityDateYearOneThroughFive
319466000 usd
CY2023Q2 mbwm Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date Year One Through Five
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateYearOneThroughFive
291127000 usd
CY2023Q2 mbwm Weighted Average Yield Of Securities Portfolio Due From Five To Ten Years
WeightedAverageYieldOfSecuritiesPortfolioDueFromFiveToTenYears
0.0202 pure
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
278432000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
237792000 usd
CY2023Q2 mbwm Weighted Average Yield Of Securities Portfolio Due Afterten Years
WeightedAverageYieldOfSecuritiesPortfolioDueAftertenYears
0.0364 pure
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
39434000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
36632000 usd
CY2023Q2 mbwm Weighted Average Yield Of Securities Portfolio
WeightedAverageYieldOfSecuritiesPortfolio
0.0177 pure
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
686841000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
608972000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
4050000000.00 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3920000000 usd
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
135000000 usd
mbwm Loans And Leases Receivable Percentage Period Increase Decrease
LoansAndLeasesReceivablePercentagePeriodIncreaseDecrease
0.035 pure
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
4051843000 usd
CY2023Q2 mbwm Loan Portfolio Classes And Segments As Percentage Of Aggregate Loan
LoanPortfolioClassesAndSegmentsAsPercentageOfAggregateLoan
1.000 pure
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3916619000 usd
CY2022Q4 mbwm Loan Portfolio Classes And Segments As Percentage Of Aggregate Loan
LoanPortfolioClassesAndSegmentsAsPercentageOfAggregateLoan
1.000 pure
mbwm Loans And Leases Receivable Net Of Deferred Income Increase Decrease Percentage
LoansAndLeasesReceivableNetOfDeferredIncomeIncreaseDecreasePercentage
0.035 pure
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
4051843000 usd
CY2023Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3916619000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2023Q2 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
1564000 usd
CY2023Q2 mbwm Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
535000 usd
CY2023Q2 mbwm Financing Receivable Nonaccrual Allowance
FinancingReceivableNonaccrualAllowance
307000 usd
CY2023Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2099000 usd
CY2023Q2 mbwm Financing Receivable Nonaccrual Allowance
FinancingReceivableNonaccrualAllowance
307000 usd
us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2022Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
1313000 usd
CY2022Q4 mbwm Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
6415000 usd
CY2022Q4 mbwm Financing Receivable Nonaccrual Allowance
FinancingReceivableNonaccrualAllowance
2283000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7728000 usd
CY2022Q4 mbwm Financing Receivable Nonaccrual Allowance
FinancingReceivableNonaccrualAllowance
2283000 usd
CY2022 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2023Q2 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
661999000 usd
CY2023Q2 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1110839000 usd
CY2023Q2 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
848334000 usd
CY2023Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
471552000 usd
CY2023Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
112733000 usd
CY2023Q2 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
166466000 usd
CY2023Q2 mbwm Financing Receivable Term Loan
FinancingReceivableTermLoan
3371923000 usd
CY2023Q2 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
679920000 usd
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
4051843000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
69000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
242000 usd
mbwm Financing Receivable Term Loan Writeoff
FinancingReceivableTermLoanWriteoff
311000 usd
us-gaap Financing Receivable Excluding Accrued Interest Revolving Writeoff
FinancingReceivableExcludingAccruedInterestRevolvingWriteoff
256000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
567000 usd
CY2023Q2 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
0 usd
CY2022Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1343470000 usd
CY2022Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1016339000 usd
CY2022Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
538302000 usd
CY2022Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
149061000 usd
CY2022Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
79881000 usd
CY2022Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
115181000 usd
CY2022Q4 mbwm Financing Receivable Term Loan
FinancingReceivableTermLoan
3242234000 usd
CY2022Q4 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
674385000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3916619000 usd
CY2022Q4 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
0 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
42877000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2000000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
461000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
305000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44721000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
42246000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2600000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
567000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
442000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
44721000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35153000 usd
CY2022Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
500000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
15000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
336000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35974000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35363000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
600000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
220000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
631000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35974000 usd
CY2023Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
10727000 usd
CY2022Q2 mbwm Financing Receivable Modified Number Of Contracts
FinancingReceivableModifiedNumberOfContracts
3 pure
CY2022Q2 mbwm Financing Receivable Troubled Debt Restructuring Premodification
FinancingReceivableTroubledDebtRestructuringPremodification
6657000 usd
CY2022Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
6657000 usd
mbwm Financing Receivable Modified Number Of Contracts
FinancingReceivableModifiedNumberOfContracts
5 pure
mbwm Financing Receivable Troubled Debt Restructuring Premodification
FinancingReceivableTroubledDebtRestructuringPremodification
6785000 usd
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
6785000 usd
CY2022Q2 mbwm Financing Receivable Troubled Debt Restructuring Subsequent Default Number Of Contracts
FinancingReceivableTroubledDebtRestructuringSubsequentDefaultNumberOfContracts
0 pure
CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 usd
mbwm Financing Receivable Troubled Debt Restructuring Subsequent Default Number Of Contracts
FinancingReceivableTroubledDebtRestructuringSubsequentDefaultNumberOfContracts
0 pure
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
90338000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
41095000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
38862000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52291000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51476000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
1400000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1500000 usd
us-gaap Depreciation
Depreciation
2900000 usd
us-gaap Depreciation
Depreciation
3100000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058 pure
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
900000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
CY2022Q4 mbwm Percentage Of Domestic Time Deposits Under100000
PercentageOfDomesticTimeDepositsUnder100000
0.030 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
604000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1012000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
578000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
479000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
434000 usd
CY2023Q2 mbwm Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1638000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4745000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
995000 usd
CY2023Q2 us-gaap Deposits
Deposits
3760000000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
44000000.0 usd
mbwm Aggregate Increase Decrease In Percentage Of Deposits
AggregateIncreaseDecreaseInPercentageOfDeposits
0.012 pure
CY2023Q2 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
1371633000 usd
CY2023Q2 mbwm Percentage Of Non Interest Bearing Domestic Deposits To Deposits Demand
PercentageOfNonInterestBearingDomesticDepositsToDepositsDemand
0.365 pure
CY2022Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
1604750000 usd
CY2022Q4 mbwm Percentage Of Non Interest Bearing Domestic Deposits To Deposits Demand
PercentageOfNonInterestBearingDomesticDepositsToDepositsDemand
0.432 pure
mbwm Percentage Of Increase Decrease In Non Interest Bearing Demand Deposits
PercentageOfIncreaseDecreaseInNonInterestBearingDemandDeposits
-0.145 pure
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
541168000 usd
CY2023Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.144 pure
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
575028000 usd
CY2022Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.155 pure
mbwm Percentage Of Increase Decrease Of Interest Bearing Checking Deposits
PercentageOfIncreaseDecreaseOfInterestBearingCheckingDeposits
-0.059 pure
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
927143000 usd
CY2023Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.247 pure
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
776723000 usd
CY2022Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.209 pure
mbwm Percentage Of Increase Decrease In Money Market Deposits
PercentageOfIncreaseDecreaseInMoneyMarketDeposits
0.194 pure
CY2023Q2 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
314606000 usd
CY2023Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.084 pure
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
381602000 usd
CY2022Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.103 pure
mbwm Percentage Of Increase Or Decrease Of Savings Deposits
PercentageOfIncreaseOrDecreaseOfSavingsDeposits
-0.176 pure
CY2023Q2 mbwm Domestic Time Deposits Less Than100000
DomesticTimeDepositsLessThan100000
144052000 usd
CY2023Q2 mbwm Percentage Of Domestic Time Deposits Under100000
PercentageOfDomesticTimeDepositsUnder100000
0.038 pure
CY2022Q4 mbwm Domestic Time Deposits Less Than100000
DomesticTimeDepositsLessThan100000
113099000 usd
mbwm Percentage Of Increase Decrease In Domestic Time Deposits Under100000
PercentageOfIncreaseDecreaseInDomesticTimeDepositsUnder100000
0.274 pure
CY2023Q2 mbwm Domestic Time Deposits100000 Or More
DomesticTimeDeposits100000OrMore
346908000 usd
CY2023Q2 mbwm Percentage Of Domestic Time Deposits100000 And Over
PercentageOfDomesticTimeDeposits100000AndOver
0.092 pure
CY2022Q4 mbwm Domestic Time Deposits100000 Or More
DomesticTimeDeposits100000OrMore
261609000 usd
CY2022Q4 mbwm Percentage Of Domestic Time Deposits100000 And Over
PercentageOfDomesticTimeDeposits100000AndOver
0.071 pure
mbwm Percentage Of Increase Decrease In Domestic Time Deposits100000 And Over
PercentageOfIncreaseDecreaseInDomesticTimeDeposits100000AndOver
0.326 pure
CY2023Q2 mbwm Aggregate Local Deposit Liabilities
AggregateLocalDepositLiabilities
3645510000 usd
CY2023Q2 mbwm Aggregate Percentage Of Local Deposits
AggregatePercentageOfLocalDeposits
0.970 pure
CY2022Q4 mbwm Aggregate Local Deposit Liabilities
AggregateLocalDepositLiabilities
3712811000 usd
CY2022Q4 mbwm Aggregate Percentage Of Local Deposits
AggregatePercentageOfLocalDeposits
1.000 pure
mbwm Aggregate Percentage Increase Decrease In Local Deposits
AggregatePercentageIncreaseDecreaseInLocalDeposits
-0.018 pure
CY2023Q2 mbwm Out Of Area Time Deposits100000 And Over
OutOfAreaTimeDeposits100000AndOver
111279000 usd
CY2023Q2 mbwm Percentage Of Out Of Area Time Deposits100000 And Over
PercentageOfOutOfAreaTimeDeposits100000AndOver
0.030 pure
CY2022Q4 mbwm Out Of Area Time Deposits100000 And Over
OutOfAreaTimeDeposits100000AndOver
0 usd
CY2022Q4 mbwm Percentage Of Out Of Area Time Deposits100000 And Over
PercentageOfOutOfAreaTimeDeposits100000AndOver
0.000 pure
CY2023Q2 us-gaap Deposits
Deposits
3756789000 usd
CY2023Q2 mbwm Aggregate Percentage Of Deposits
AggregatePercentageOfDeposits
1.000 pure
CY2022Q4 us-gaap Deposits
Deposits
3712811000 usd
CY2022Q4 mbwm Aggregate Percentage Of Deposits
AggregatePercentageOfDeposits
1.000 pure
mbwm Aggregate Increase Decrease In Percentage Of Deposits
AggregateIncreaseDecreaseInPercentageOfDeposits
0.012 pure
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 5%; width: 95%; font-size: 10pt; font-family: Times New Roman; text-indent: 0px; margin-left: 18pt;"><tbody><tr style="vertical-align: bottom;"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; width: 1%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Six Months Ended</p> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; width: 1%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Twelve Months Ended</p> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td></tr> <tr style="vertical-align: bottom;"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">June 30, 2023</p> </td><td style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td><td style="font-family: Times New Roman; font-size: 10pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">December 31, 2022</p> </td><td style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; width: 1%;"> </td></tr> <tr style="vertical-align: bottom;"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Outstanding balance at end of period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">219,457,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">194,340,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Average interest rate at end of period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">1.52</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.75</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Average daily balance during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">213,853,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">200,499,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Average interest rate during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">1.17</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.15</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="width: 64%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 15%;"> </td><td style="width: 1%;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Maximum daily balance during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">262,992,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">235,577,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> </tbody></table>
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
219457000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
194340000 usd
us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
213853000 usd
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
200499000 usd
us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
262992000 usd
CY2022 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
235577000 usd
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
860000000 usd
CY2023Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
386000000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
6800000 usd
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000.0 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2023Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
2171262000 usd
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1908294000 usd
CY2023Q2 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
12200000 usd
CY2022Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
3600000 usd
CY2023Q2 mbwm Preferred Securities Of Subsidiary Trust
PreferredSecuritiesOfSubsidiaryTrust
47200000 usd
CY2022Q4 mbwm Preferred Securities Of Subsidiary Trust
PreferredSecuritiesOfSubsidiaryTrust
46900000 usd
CY2023Q2 mbwm Maximum Restricted Core Element Allowed In Tier One Capital Percent
MaximumRestrictedCoreElementAllowedInTierOneCapitalPercent
0.25 pure
CY2009Q4 mbwm Maximum Level Of Consolidated Aggregate Assets Allowing For Inclusion Of Trust Preferred Securities In Tier One Capital
MaximumLevelOfConsolidatedAggregateAssetsAllowingForInclusionOfTrustPreferredSecuritiesInTierOneCapital
15000000000.0 usd
CY2023Q2 mbwm Trust Preferred Securities Included In Tier One Capital
TrustPreferredSecuritiesIncludedInTierOneCapital
47200000 usd
CY2022Q4 mbwm Trust Preferred Securities Included In Tier One Capital
TrustPreferredSecuritiesIncludedInTierOneCapital
46900000 usd
CY2023Q2 mbwm Capital Conservation Buffer
CapitalConservationBuffer
0.025 pure
CY2023Q2 mbwm Common Equity Tier1 Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTier1RiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070 pure
CY2023Q2 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085 pure
CY2023Q2 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105 pure
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33

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