MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Blue Water Asset Management's Holding History (CIK: 0002033384)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 5,591 Value ($000) $269 Avg Close $45.87 Range $42.41 - $50.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,591	$269	$45.87	$42.41 - $50.41