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Note 5 - Deposits | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] | 5. DEPOSITS Our total deposits at June 30, 2019 totaled $2.62 billion, an increase of $156 million, or 6.3%, from December 31, 2018. The components of our outstanding balances at June 30, 2019 and December 31, 2018, and percentage change in deposits from the end of 2018 to the end of the second quarter of 2019, are as follows:
|  | June 30, 2019 |  |  | December 31, 2018 |  |  | Percent Increase |
|  | Balance |  |  | % |  |  | Balance |  |  | % |  |  | (Decrease) |
Noninterest-bearing checking |  | $ | 918,581,000 |  |  |  | 35.1 | % |  | $ | 889,784,000 |  |  |  | 36.1 | % |  |  | 3.2 | %
Interest-bearing checking |  |  | 286,531,000 |  |  |  | 10.9 |  |  |  | 339,089,000 |  |  |  | 13.8 |  |  |  | (15.5 | )
Money market |  |  | 484,177,000 |  |  |  | 18.5 |  |  |  | 434,333,000 |  |  |  | 17.6 |  |  |  | 11.5 |
Savings |  |  | 270,563,000 |  |  |  | 10.3 |  |  |  | 317,014,000 |  |  |  | 12.9 |  |  |  | (14.7 | )
Time, under $100,000 |  |  | 205,452,000 |  |  |  | 7.8 |  |  |  | 160,092,000 |  |  |  | 6.5 |  |  |  | 28.3 |
Time, $100,000 and over |  |  | 284,460,000 |  |  |  | 10.9 |  |  |  | 210,164,000 |  |  |  | 8.5 |  |  |  | 35.4 |
Total local deposits |  |  | 2,449,764,000 |  |  |  | 93.5 |  |  |  | 2,350,476,000 |  |  |  | 95.4 |  |  |  | 4.2 |
Out-of-area time, under $100,000 |  |  | 0 |  |  | NA |  |  |  | 0 |  |  | NA |  |  | NA |
Out-of-area time, $100,000 and over |  |  | 169,445,000 |  |  |  | 6.5 |  |  |  | 113,232,000 |  |  |  | 4.6 |  |  |  | 49.6 |
Total out-of-area deposits |  |  | 169,445,000 |  |  |  | 6.5 |  |  |  | 113,232,000 |  |  |  | 4.6 |  |  |  | 49.6 |
Total deposits |  | $ | 2,619,209,000 |  |  |  | 100.0 | % |  | $ | 2,463,708,000 |  |  |  | 100.0 | % |  |  | 6.3 | %
Total time deposits of more than $250,000 totaled $319 million and $232 million at June 30, 2019 and December 31, 2018, respectively. (Continued) MERCANTILE BANK CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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