XML 137 R123.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 24 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statement of Cash Flows (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 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:      
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
Other assets (648,000) (4,815,000) 1,795,000
Change in other liabilities (1,046,000) 4,185,000 (9,822,000)
Net cash from operating activities 34,602,000 36,004,000 14,439,000
Cash flows from investing activities      
Proceeds from 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 stock (3,732,000) (15,762,000) 0
Payment of cash dividends to common shareholders (18,731,000) (9,516,000) (24,464,000)
Repurchase of trust preferred securities (8,030,000) 0 0
Net change in cash and cash equivalents 93,705,000 (82,847,000) 25,773,000
Parent Company [Member]      
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
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      
Proceeds from 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 stock (3,732,000) (15,762,000) 0
Payment of cash dividends to common shareholders (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