MBWM — what changed in the latest 10-Q
A section-by-section comparison of MBWM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −14 | ~46 | 14 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~5 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
Commercial and industrial loans increased $125 million, nonowner-occupied CRE loans were up $49.0 million and multi-family and residential rental property loans grew by $4.8 million, while owner-occupied CRE loans were down $21.5 million and land development and construction loans declined $4.7 mill…
Securities available for sale decreased $4.2 million during the first nine months of 2026, totaling $1.10 billion as of September 30, 2026. There were no purchases of U.S. Treasury securities during the first nine months of 2026, while proceeds from maturities totaled $4.0 million. Purchases of U.S.…
As of September 30, 2026, the portfolio was primarily comprised of U.S. Treasury and U.S. Government agency bonds (67%), municipal bonds (24%), U.S. Government agency guaranteed mortgage-backed securities (6%) and domestic corporate bonds (3%). All of our securities are currently designated as avail…
Interest-earning deposits, a vast majority of which are comprised of funds on deposit with the FRB Chicago, totaled $567 million as of September 30, 2026. Interest-earning deposits averaged $385 million during the first nine months of 2026, compared to $283 million during the first nine months of 20…
Average daily balance for nine months ended September 30, 2026
Text removed vs the prior filing · source: 10-Q · 2026-07-31
Commercial and industrial loans increased $163 million, owner-occupied CRE loans were up $25.0 million and land development and construction loans expanded by $2.0 million, while multi-family and residential rental property loans declined $39.0 million and non-owner occupied CRE loans were down $18.…
Securities available for sale increased $23.3 million during the first six months of 2026, totaling $1.13 billion as of June 30, 2026. There were no purchases or maturities of U.S. Treasury securities during the first six months of 2026. Purchases of U.S. Government agency bonds during the first six…
Interest-earning deposits, a vast majority of which are comprised of funds on deposit with the Federal Reserve Bank of Chicago, totaled $267 million as of June 30, 2026. Interest-earning deposits averaged $391 million during the first six months of 2026, compared to $230 million during the first six…
Weighted average interest rate for six months ended June 30, 2026
FHLBI advances declined $20.9 million during the first six months of 2026, totaling $305 million as of June 30, 2026. Bullet advances aggregating $30.0 million were obtained during the first six months of 2026, while bullet advance maturities aggregated $50.0 million. Payments on amortizing FHLBI ad…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice