Mercantile Bank Corporation MBWM Recognized interest income
Recognized interest income at other companies
Other financials
Where this comes from
Reported directly by Mercantile Bank Corporation in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableNonaccrualInterestIncome.
The source filing: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026.
- Filed
- Apr 30, 2026, 8:00 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001437749-26-014320
Nonaccrual loans represent the entire balance of collateral dependent loans. As of March 31, 2026 and December 31, 2025, all collateral dependent loans were secured by real estate, with the exception of those classified as commercial and industrial, which were secured by accounts receivable, inventory, and equipment. Interest income recognized on nonaccrual loans totaled $0.2 million and $0.3 million during the three months ended March 31, 2026 and 2025, respectively, reflecting the collection of interest at the time of principal pay off.
Document
FAQ
- What is Mercantile Bank Corporation's recognized interest income?
- Mercantile Bank Corporation (MBWM) reported recognized interest income of $200K in Q1 2026.
- How has Mercantile Bank Corporation's recognized interest income changed year-over-year?
- Mercantile Bank Corporation's recognized interest income decreased by 33.3% year-over-year, from $300K to $200K.
- What does recognized interest income mean?
- Measures the interest income recognized on loans that have been placed on nonaccrual status, typically due to concerns regarding the collectability of principal or interest. This metric provides insight into the cash flow recovery from impaired assets and the effectiveness of the bank's workout strategies for distressed loans.
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