MERCANTILE BANK CORP Quarterly Interest Expense in USD from Q2 2010 to Q1 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Mercantile Bank Corp quarterly/annual Interest Expense history and growth rate from Q2 2010 to Q1 2024.
  • Mercantile Bank Corp Interest Expense for the quarter ending March 31, 2024 was $29.4M, a 143% increase year-over-year.
  • Mercantile Bank Corp Interest Expense for the twelve months ending March 31, 2024 was $95.1M, a 210% increase year-over-year.
  • Mercantile Bank Corp annual Interest Expense for 2023 was $77.8M, a 230% increase from 2022.
  • Mercantile Bank Corp annual Interest Expense for 2022 was $23.6M, a 21.4% increase from 2021.
  • Mercantile Bank Corp annual Interest Expense for 2021 was $19.4M, a 25.5% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Quarterly (USD)
Interest Expense, YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q1 2024 $95.1M $29.4M +$17.3M +143% Jan 1, 2024 Mar 31, 2024 10-Q 2024-05-03
Q4 2023 $77.8M $25.2M +$17.5M +230% Oct 1, 2023 Dec 31, 2023 10-K 2024-03-01
Q3 2023 $60.3M $22.2M +$16.4M +286% Jul 1, 2023 Sep 30, 2023 10-Q 2023-11-03
Q2 2023 $43.8M $18.4M +$13.1M +252% Apr 1, 2023 Jun 30, 2023 10-Q 2023-08-04
Q1 2023 $30.7M $12.1M +$7.1M +142% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-03
Q4 2022 $23.6M $7.62M +$3.11M +68.9% Oct 1, 2022 Dec 31, 2022 10-K 2024-03-01
Q3 2022 $20.5M $5.75M +$989K +20.8% Jul 1, 2022 Sep 30, 2022 10-Q 2023-11-03
Q2 2022 $19.5M $5.22M +$321K +6.55% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-04
Q1 2022 $19.2M $5M -$255K -4.86% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-05
Q4 2021 $19.4M $4.51M -$1.26M -21.8% Oct 1, 2021 Dec 31, 2021 10-K 2024-03-01
Q3 2021 $20.7M $4.76M -$1.32M -21.7% Jul 1, 2021 Sep 30, 2021 10-Q 2022-11-04
Q2 2021 $22M $4.9M -$1.69M -25.6% Apr 1, 2021 Jun 30, 2021 10-Q 2022-08-05
Q1 2021 $23.7M $5.25M -$2.37M -31% Jan 1, 2021 Mar 31, 2021 10-Q 2022-05-06
Q4 2020 $26.1M $5.77M -$2.63M -31.3% Oct 1, 2020 Dec 31, 2020 10-K 2023-03-03
Q3 2020 $28.7M $6.09M -$2.63M -30.1% Jul 1, 2020 Sep 30, 2020 10-Q 2021-11-05
Q2 2020 $31.3M $6.59M -$2.11M -24.2% Apr 1, 2020 Jun 30, 2020 10-Q 2021-08-06
Q1 2020 $33.4M $7.62M -$375K -4.69% Jan 1, 2020 Mar 31, 2020 10-Q 2021-05-07
Q4 2019 $33.8M $8.4M +$2.02M +31.7% Oct 1, 2019 Dec 31, 2019 10-K 2022-03-04
Q3 2019 $31.8M $8.71M +$3.07M +54.3% Jul 1, 2019 Sep 30, 2019 10-Q 2020-11-06
Q2 2019 $28.7M $8.7M +$3.61M +70.8% Apr 1, 2019 Jun 30, 2019 10-Q 2020-08-07
Q1 2019 $25.1M $7.99M +$3.21M +67.1% Jan 1, 2019 Mar 31, 2019 10-Q 2020-05-11
Q4 2018 $21.9M $6.38M +$1.88M +41.7% Oct 1, 2018 Dec 31, 2018 10-K 2021-03-05
Q3 2018 $20M $5.65M +$1.26M +28.6% Jul 1, 2018 Sep 30, 2018 10-Q 2019-11-06
Q2 2018 $18.8M $5.09M +$1.38M +37.3% Apr 1, 2018 Jun 30, 2018 10-Q 2019-08-05
Q1 2018 $17.4M $4.78M +$1.59M +49.7% Jan 1, 2018 Mar 31, 2018 10-Q 2019-05-06
Q4 2017 $15.8M $4.5M +$1.22M +37.2% Oct 1, 2017 Dec 31, 2017 10-K 2020-03-02
Q3 2017 $14.6M $4.39M +$1.13M +34.8% Jul 1, 2017 Sep 30, 2017 10-Q 2018-11-05
Q2 2017 $13.4M $3.71M +$663K +21.8% Apr 1, 2017 Jun 30, 2017 10-Q 2018-08-06
Q1 2017 $12.8M $3.2M +$188K +6.25% Jan 1, 2017 Mar 31, 2017 10-Q 2018-05-07
Q4 2016 $12.6M $3.28M +$364K +12.5% Oct 1, 2016 Dec 31, 2016 10-K 2019-03-04
Q3 2016 $12.2M $3.26M +$380K +13.2% Jul 1, 2016 Sep 30, 2016 10-Q 2017-11-06
Q2 2016 $11.8M $3.05M +$425K +16.2% Apr 1, 2016 Jun 30, 2016 10-Q 2017-08-07
Q1 2016 $11.4M $3.01M +$267K +9.75% Jan 1, 2016 Mar 31, 2016 10-Q 2017-05-05
Q4 2015 $11.2M $2.92M -$60K -2.02% Oct 1, 2015 Dec 31, 2015 10-K 2018-03-05
Q3 2015 $11.2M $2.88M -$35K -1.2% Jul 1, 2015 Sep 30, 2015 10-Q 2016-11-04
Q2 2015 $11.2M $2.62M -$307K -10.5% Apr 1, 2015 Jun 30, 2015 10-Q 2016-08-05
Q1 2015 $11.6M $2.74M +$216K +8.56% Jan 1, 2015 Mar 31, 2015 10-Q 2016-05-06
Q4 2014 $11.3M $2.98M +$298K +11.1% Oct 1, 2014 Dec 31, 2014 10-K 2017-03-06
Q3 2014 $11M $2.91M +$238K +8.9% Jul 1, 2014 Sep 30, 2014 10-Q 2015-11-06
Q2 2014 $10.8M $2.93M +$249K +9.29% Apr 1, 2014 Jun 30, 2014 10-Q 2015-08-07
Q1 2014 $10.6M $2.52M -$231K -8.39% Jan 1, 2014 Mar 31, 2014 10-Q 2015-05-07
Q4 2013 $10.8M $2.68M -$251K -8.57% Oct 1, 2013 Dec 31, 2013 10-K 2016-03-07
Q3 2013 $11M $2.67M -$511K -16% Jul 1, 2013 Sep 30, 2013 10-Q 2014-11-07
Q2 2013 $11.5M $2.68M -$739K -21.6% Apr 1, 2013 Jun 30, 2013 10-Q 2014-08-08
Q1 2013 $12.3M $2.76M -$929K -25.2% Jan 1, 2013 Mar 31, 2013 10-Q 2014-04-30
Q4 2012 $13.2M $2.93M -$1.14M -28.1% Oct 1, 2012 Dec 31, 2012 10-K 2015-03-10
Q3 2012 $14.4M $3.18M -$1.57M -33% Jul 1, 2012 Sep 30, 2012 10-Q 2013-11-12
Q2 2012 $15.9M $3.42M -$1.88M -35.5% Apr 1, 2012 Jun 30, 2012 10-Q 2013-08-05
Q1 2012 $17.8M $3.68M -$2.03M -35.5% Jan 1, 2012 Mar 31, 2012 10-Q 2013-05-09
Q4 2011 $19.8M $4.07M Oct 1, 2011 Dec 31, 2011 10-K 2014-02-28
Q3 2011 $4.75M -$3.05M -39.1% Jul 1, 2011 Sep 30, 2011 10-Q 2012-11-08
Q2 2011 $5.3M -$2.97M -35.9% Apr 1, 2011 Jun 30, 2011 10-Q 2012-08-08
Q1 2011 $5.71M Jan 1, 2011 Mar 31, 2011 10-Q 2012-05-09
Q3 2010 $7.8M Jul 1, 2010 Sep 30, 2010 10-Q 2011-11-08
Q2 2010 $8.28M Apr 1, 2010 Jun 30, 2010 10-Q 2011-08-08
* An asterisk sign (*) next to the value indicates that the value is likely invalid.