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Note 24 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2016
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 2016 |  |  | 2015 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,257,000 |  |  | $ | 4,940,000 |
Investment in bank subsidiary |  |  | 365,291,000 |  |  |  | 368,248,000 |
Other assets |  |  | 20,665,000 |  |  |  | 20,940,000 |
Total assets |  | $ | 390,213,000 |  |  | $ | 394,128,000 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Liabilities |  | $ | 4,567,000 |  |  | $ | 5,170,000 |
Subordinated debentures |  |  | 44,835,000 |  |  |  | 55,154,000 |
Shareholders’ equity |  |  | 340,811,000 |  |  |  | 333,804,000 |
Total liabilities and shareholders’ equity |  | $ | 390,213,000 |  |  | $ | 394,128,000 |
Condensed Income Statement [Table Text Block] |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividends from subsidiaries |  | $ | 32,521,000 |  |  | $ | 24,166,000 |  |  | $ | 12,139,000 |
Total income |  |  | 32,521,000 |  |  |  | 24,166,000 |  |  |  | 12,139,000 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,490,000 |  |  |  | 2,569,000 |  |  |  | 2,145,000 |
Other operating expenses |  |  | 2,953,000 |  |  |  | 2,276,000 |  |  |  | 3,552,000 |
Total expenses |  |  | 5,443,000 |  |  |  | 4,845,000 |  |  |  | 5,697,000 |
Income before income tax benefit and equity in undistributed net income of subsidiary |  |  | 27,078,000 |  |  |  | 19,321,000 |  |  |  | 6,442,000 |
Federal income tax benefit |  |  | (836,000 | ) |  |  | (2,051,000 | ) |  |  | (1,758,000 | )
Equity in undistributed net income of subsidiary |  |  | 3,999,000 |  |  |  | 5,648,000 |  |  |  | 9,131,000 |
Net income |  | $ | 31,913,000 |  |  | $ | 27,020,000 |  |  | $ | 17,331,000 |
Comprehensive income |  | $ | 25,069,000 |  |  | $ | 28,267,000 |  |  | $ | 22,920,000 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 31,913,000 |  |  | $ | 27,020,000 |  |  | $ | 17,331,000 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiary |  |  | (3,999,000 | ) |  |  | (5,648,000 | ) |  |  | (9,131,000 | )
Stock-based compensation expense |  |  | 1,459,000 |  |  |  | 684,000 |  |  |  | 714,000 |
Stock grants to directors for retainer fees |  |  | 327,000 |  |  |  | 403,000 |  |  |  | 155,000 |
Gain on trust preferred securities repurchase |  |  | (2,970,000 | ) |  |  | 0 |  |  |  | 0 |
Change in other assets |  |  | 387,000 |  |  |  | 11,000 |  |  |  | (8,163,000 | )
Change in other liabilities |  |  | 78,000 |  |  |  | 4,717,000 |  |  |  | 21,979,000 |
Net cash from operating activities |  |  | 27,195,000 |  |  |  | 27,187,000 |  |  |  | 22,885,000 |
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 |  |  | 978,000 |  |  |  | 891,000 |  |  |  | 282,000 |
Employee stock purchase plan |  |  | 36,000 |  |  |  | 44,000 |  |  |  | 23,000 |
Dividend reinvestment plan |  |  | 1,601,000 |  |  |  | 655,000 |  |  |  | 209,000 |
Repurchase of common shares |  |  | (3,732,000 | ) |  |  | (15,762,000 | ) |  |  | 0 |
Cash dividends on common stock |  |  | (18,731,000 | ) |  |  | (9,516,000 | ) |  |  | (24,464,000 | )
Repurchase of trust preferred securities |  |  | (8,030,000 | ) |  |  | 0 |  |  |  | 0 |
Net cash for financing activities |  |  | (27,878,000 | ) |  |  | (23,688,000 | ) |  |  | (23,950,000 | )
Net change in cash and cash equivalents |  |  | (683,000 | ) |  |  | 3,499,000 |  |  |  | (1,065,000 | )
Cash and cash equivalents at beginning of period |  |  | 4,940,000 |  |  |  | 1,441,000 |  |  |  | 2,506,000 |
Cash and cash equivalents at end of period |  | $ | 4,257,000 |  |  | $ | 4,940,000 |  |  | $ | 1,441,000 |

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