莫肯特尔银行 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the transition period fromto. Commission File No. 000-26719 310 Leonard Street, NW, Grand Rapids, MI 49504(Address of principal executive offices) (Zip Code) (616) 406-3000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ Accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.Yes☐No☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ At July 24, 2026, there were 17,285,929shares of common stock outstanding. MERCANTILE BANK CORPORATIONINDEX PART I.Financial InformationPage No.Item 1.Financial StatementsConsolidated Balance Sheets – June 30, 2026(Unaudited) and December31, 20251Consolidated Statements of Income (Unaudited) - Three and Six Months Ended June 30, 2026 and June 30, 20252Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - Three and Six Months Ended June 30,2026and June 30, 20253Consolidated Statements of Changes in Shareholders’Equity (Unaudited) –Three and Six Months Ended June30, 2026and June 30, 20254Consolidated Statements of Cash Flows (Unaudited) – Six Months Ended June 30, 2026 and June 30, 20258Notes to Consolidated Financial Statements (Unaudited)10Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations41Item 3. Quantitative and Qualitative Disclosures About Market Risk57Item 4. Controls and Procedures59PART II.Other InformationItem 1. Legal Proceedings60Item 1A. Risk Factors60Item 2. Unregistered Sales of Equity Securities and Use of Proceeds61Item 3. Defaults Upon Senior Securities61Item 4. Mine Safety Disclosures61Item 5. Other Information61Item 6. Exhibits62Signatures63 MERCANTILE BANK CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Unaudited) MERCANTILE BANK CORPORATIONCONSOLIDATED STATEMENTS OFCHANGES IN SHAREHOLDERS’ EQUITY (Continued)(Unaudited) MERCANTILE BANK CORPORATIONCONSOLIDATED STATEMENTS OFCHANGES IN SHAREHOLDERS’ EQUITY (Continued)(Unaudited) MERCANTILE BANK CORPORATIONCONSOLIDATED STATEMENTS OFCHANGES IN SHAREHOLDERS’ EQUITY (Continued)(Unaudited) MERCANTILE BANK CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: The unaudited financial statements for the six months ended June 30, 2026, include the consolidatedresults of operations of Mercantile Bank Corporation and its consolidated subsidiaries (unless text clearly suggests otherwise,collectively, "we," "us," "our," "the Company," and "Mercantile"). These subsidiaries include Mercantile Bank and EasternMichigan Bank (collectively "our banks"),Mercantile Community Partners LLC ("MCP"), and Mercantile Insurance Center, Inc.("our insurance company"), a subsidiary of Mercantile Bank. These consolidated financial statements have been prepared inaccordance with the instructions for Form 10-Q and Item 303(b) of Regulation S-K and do not include all disclosures required byaccounting principles generally accepted in the United States ofAmerica (“GAAP”) for a complete presentation of our financialcondition and results of operations. In the opinion of management, the information reflects all adjustments (consisting only ofnormal recurring adjustments) which are necessary in order to make the financial statements not misleading and for a fairpresentation of the results of operations for such periods. The results for the period ended