MERCANTILE BANK CORP Annual Interest Expense in USD from 2010 to 2023

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 2010 to 2023.
  • 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, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $77.8M +$54.2M +230% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-01
2022 $23.6M +$4.16M +21.4% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-01
2021 $19.4M -$6.64M -25.5% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-01
2020 $26.1M -$7.74M -22.9% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-03
2019 $33.8M +$11.9M +54.4% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-04
2018 $21.9M +$6.1M +38.6% Jan 1, 2018 Dec 31, 2018 10-K 2021-03-05
2017 $15.8M +$3.21M +25.5% Jan 1, 2017 Dec 31, 2017 10-K 2020-03-02
2016 $12.6M +$1.44M +12.9% Jan 1, 2016 Dec 31, 2016 10-K 2019-03-04
2015 $11.2M -$186K -1.64% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-05
2014 $11.3M +$554K +5.14% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-06
2013 $10.8M -$2.43M -18.4% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-07
2012 $13.2M -$6.62M -33.4% Jan 1, 2012 Dec 31, 2012 10-K 2015-03-10
2011 $19.8M -$12M -37.6% Jan 1, 2011 Dec 31, 2011 10-K 2014-02-28
2010 $31.8M Jan 1, 2010 Dec 31, 2010 10-K 2013-03-14
* An asterisk sign (*) next to the value indicates that the value is likely invalid.