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Note 20 - Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2015

Subordinated Borrowings [Abstract]

Schedule of Subordinated Borrowing [Table Text Block]

		Preferred Securities
Trust Name		Outstanding		Interest Rate		Maturity Date
Mercantile Bank Capital Trust I		$32,000,000		3 Month Libor + 218 bps		September 16, 2034
Firstbank Capital Trust I		$10,000,000		3 Month Libor + 199 bps		October 18, 2034
Firstbank Capital Trust II		$10,000,000		3 Month Libor + 127 bps		April 7, 2036
Firstbank Capital Trust III		$7,500,000		3 Month Libor + 135 bps		July 30, 2037
Firstbank Capital Trust IV		$7,500,000		3 Month Libor + 135 bps		July 30, 2037

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- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

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- References

No definition available.

+ Details

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