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Note 22 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statement of Cash Flows (Details) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 61,063,000 $ 59,021,000 $ 44,138,000
Adjustments to reconcile net income to net cash from operating activities:      
Stock-based compensation expense 3,377,000 3,784,000 2,325,000
Stock grants to directors for retainer fee 359,000 344,000 394,000
Other assets (437,000) (12,655,000) (9,907,000)
Accrued interest and other liabilities 32,524,000 (3,513,000) 886,000
Cash flows from investing activities      
Net cash for investing activities (554,999,000) (495,507,000) (398,806,000)
Cash flows from financing activities      
Proceeds from stock option exercises, net of cashless exercises 36,000 50,000 3,000
Employee stock purchase plan 45,000 48,000 49,000
Dividend reinvestment plan 867,000 877,000 814,000
Net proceeds from subordinated notes issuance 14,645,000 73,635,000 0
Repurchases of common stock 0 (21,380,000) (6,591,000)
Payment of cash dividends to common shareholders (19,602,000) (18,524,000) (17,930,000)
Net cash (for) from financing activities (443,251,000) 780,088,000 753,204,000
Net change in cash and cash equivalents (878,388,000) 349,154,000 392,275,000
Parent Company [Member]      
Cash flows from operating activities      
Net income 61,063,000 59,021,000 44,138,000
Adjustments to reconcile net income to net cash from operating activities:      
Equity in undistributed net income of subsidiary (44,221,000) (26,075,000) (17,086,000)
Stock-based compensation expense 3,377,000 3,784,000 2,325,000
Stock grants to directors for retainer fee 359,000 344,000 394,000
Other assets 858,000 49,000 (227,000)
Accrued interest and other liabilities 1,636,000 (5,000) 812,000
Net cash from operating activities 23,072,000 37,118,000 30,356,000
Cash flows from investing activities      
Net capital investment into subsidiaries (15,000,000) (70,000,000) 0
Net cash for investing activities (15,000,000) (70,000,000) 0
Cash flows from financing activities      
Proceeds from stock option exercises, net of cashless exercises 36,000 50,000 3,000
Employee stock purchase plan 45,000 48,000 49,000
Dividend reinvestment plan 867,000 877,000 814,000
Net proceeds from subordinated notes issuance 14,645,000 73,635,000 0
Repurchases of common stock 0 (21,380,000) (6,591,000)
Payment of cash dividends to common shareholders (19,602,000) (18,524,000) (17,930,000)
Net cash (for) from financing activities (4,009,000) 34,706,000 (23,655,000)
Net change in cash and cash equivalents 4,063,000 1,824,000 6,701,000
Cash and cash equivalents at beginning of period 14,570,000 12,746,000 6,045,000
Cash and cash equivalents at end of period $ 18,633,000 $ 14,570,000 $ 12,746,000