Note 25 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

	2014		2013
ASSETS
Cash and cash equivalents	$	1,441,000	$	2,506,000
Investment in bank subsidiary		361,355,000		179,706,000
Other assets		20,948,000		4,740,000
Total assets	$	383,744,000	$	186,952,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities	$	1,134,000	$	637,000
Subordinated debentures		54,472,000		32,990,000
Shareholders’ equity		328,138,000		153,325,000
Total liabilities and shareholders’ equity	$	383,744,000	$	186,952,000

Condensed Income Statement [Table Text Block]

	2014			2013			2012
Income
Interest and dividends from subsidiaries	$	12,139,000		$	5,516,000		$	32,532,000
Total income		12,139,000			5,516,000			32,532,000
Expenses
Interest expense		2,145,000			1,213,000			884,000
Other operating expenses		3,552,000			2,773,000			1,048,000
Total expenses		5,697,000			3,986,000			1,932,000
Income before income tax benefit and equity in undistributed net income (loss) of subsidiary		6,442,000			1,530,000			30,600,000
Federal income tax benefit		(1,758,000	)		(1,042,000	)		(665,000	)
Equity in undistributed net income (loss) of subsidiary		9,131,000			14,461,000			(18,730,000	)
Net income		17,331,000			17,033,000			12,535,000
Preferred stock dividends and accretion		0			0			1,030,000
Net income attributable to common shares	$	17,331,000		$	17,033,000		$	11,505,000
Comprehensive income	$	22,920,000		$	9,810,000		$	10,857,000

Condensed Cash Flow Statement [Table Text Block]

	2014			2013			2012
Cash flows from operating activities
Net income	$	17,331,000		$	17,033,000		$	12,535,000
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed (income) loss of subsidiary		(9,131,000	)		(14,461,000	)		18,730,000
Stock-based compensation expense		714,000			473,000			54,000
Change in other assets		(8,163,000	)		3,244,000			(3,006,000	)
Change in other liabilities		21,979,000			(708,000	)		1,073,000
Net cash from operating activities		22,730,000			5,581,000			29,386,000
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
Repurchase of preferred stock		0			0			(21,000,000	)
Repurchase of common stock warrant		0			0			(7,465,000	)
Stock option exercises, net of cashless exercises		282,000			289,000			227,000
Employee stock purchase plan		23,000			19,000			39,000
Dividend reinvestment plan		209,000			33,000			14,000
Stock grants to directors for retainer fees		155,000			0			0
Cash dividends on preferred stock		0			0			(496,000	)
Cash dividends on common stock		(24,464,000	)		(3,889,000	)		(774,000	)
Net cash for financing activities		(23,795,000	)		(3,548,000	)		(29,455,000	)
Net change in cash and cash equivalents		(1,065,000	)		2,033,000			(69,000	)
Cash and cash equivalents at beginning of period		2,506,000			473,000			542,000
Cash and cash equivalents at end of period	$	1,441,000		$	2,506,000		$	473,000