XML 143 R129.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 24 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements (Details) - Condensed Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 27,020,000 $ 17,331,000 $ 17,033,000
Adjustments to reconcile net income to net cash from operating activities:      
Stock-based compensation expense 684,000 714,000 473,000
Stock grants to directors for retainer fees 403,000 155,000 0
Change in other assets (4,815,000) 1,795,000 8,465,000
Cash flows from financing activities      
Stock option exercises, net of cashless exercises 891,000 282,000 289,000
Employee stock purchase plan 44,000 23,000 19,000
Dividend reinvestment plan 655,000 209,000 33,000
Repurchase of common shares (15,762,000) 0 0
Cash dividends on common stock (9,516,000) (24,464,000) (3,889,000)
Net change in cash and cash equivalents (82,847,000) 25,773,000 10,962,000
Parent Company [Member]      
Cash flows from operating activities      
Net income 27,020,000 17,331,000 17,033,000
Adjustments to reconcile net income to net cash from operating activities:      
Equity in undistributed net income of subsidiary (5,648,000) (9,131,000) (14,461,000)
Stock-based compensation expense 684,000 714,000 473,000
Stock grants to directors for retainer fees 403,000 155,000 0
Change in other assets 11,000 (8,163,000) 3,244,000
Change in other liabilities 4,717,000 21,979,000 (708,000)
Net cash from operating activities 27,187,000 22,885,000 5,581,000
Cash flows from investing activities      
Net capital investment into subsidiaries 0 0 0
Net cash for investing activities 0 0 0
Cash flows from financing activities      
Stock option exercises, net of cashless exercises 891,000 282,000 289,000
Employee stock purchase plan 44,000 23,000 19,000
Dividend reinvestment plan 655,000 209,000 33,000
Repurchase of common shares (15,762,000) 0 0
Cash dividends on common stock (9,516,000) (24,464,000) (3,889,000)
Net cash for financing activities (23,688,000) (23,950,000) (3,548,000)
Net change in cash and cash equivalents 3,499,000 (1,065,000) 2,033,000
Cash and cash equivalents at beginning of period 1,441,000 2,506,000 473,000
Cash and cash equivalents at end of period $ 4,940,000 $ 1,441,000 $ 2,506,000