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Note 24 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

		2015				2014
ASSETS
Cash and cash equivalents		$	4,940,000			$	1,441,000
Investment in bank subsidiary			368,248,000				361,355,000
Other assets			20,940,000				20,948,000

Total assets		$	394,128,000			$	383,744,000

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities		$	5,170,000			$	1,134,000
Subordinated debentures			55,154,000				54,472,000
Shareholders’ equity			333,804,000				328,138,000

Total liabilities and shareholders’ equity		$	394,128,000			$	383,744,000

Condensed Income Statement [Table Text Block]

		2015				2014				2013
Income
Interest and dividends from subsidiaries		$	24,166,000			$	12,139,000			$	5,516,000
Total income			24,166,000				12,139,000				5,516,000

Expenses
Interest expense			2,569,000				2,145,000				1,213,000
Other operating expenses			2,276,000				3,552,000				2,773,000
Total expenses			4,845,000				5,697,000				3,986,000

Income before income tax benefit and equity in undistributed net income of subsidiary			19,321,000				6,442,000				1,530,000

Federal income tax benefit			(2,051,000	)			(1,758,000	)			(1,042,000	)

Equity in undistributed net income of subsidiary			5,648,000				9,131,000				14,461,000

Net income		$	27,020,000			$	17,331,000			$	17,033,000

Comprehensive income		$	28,267,000			$	22,920,000			$	9,810,000

Condensed Cash Flow Statement [Table Text Block]

		2015				2014				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:
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