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Note 19 - Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Subordinated Borrowing [Table Text Block]

		Preferred Securities
Trust Name		Outstanding			Interest Rate		Maturity Date
Mercantile Bank Capital Trust I		$	21,000,000		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

Schedule of Variable Interest Entities [Table Text Block]

		Aggregate Assets				Aggregate Liabilities				Risk of Loss
Trust preferred securities		$	58,100,000			$	56,000,000			$	2,100,000

X

- 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.

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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