XML 138 R124.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 24 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statement of Cash Flows (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities                      
Net income $ 11,574,000 $ 10,123,000 $ 9,446,000 $ 10,881,000 $ 7,979,000 $ 8,337,000 $ 7,343,000 $ 7,615,000 $ 42,024,000 $ 31,274,000 $ 31,913,000
Adjustments to reconcile net income to net cash from operating activities:                      
Stock-based compensation expense                 2,410,000 1,981,000 1,459,000
Stock grants to directors for retainer fees                 441,000 363,000 327,000
Gain on trust preferred securities repurchase                 0 0 (2,970,000)
Other assets                 (2,193,000) (354,000) (648,000)
Change in other liabilities                 11,029,000 (943,000) (1,046,000)
Cash flows from investing activities                      
Net cash for investing activities                 (210,480,000) (191,472,000) (96,561,000)
Cash flows from financing activities                      
Proceeds from stock option exercises, net of cashless exercises                 108,000 318,000 978,000
Employee stock purchase plan                 52,000 46,000 36,000
Dividend reinvestment plan                 1,165,000 1,576,000 1,601,000
Repurchase of common stock                 (5,943,000) 0 (3,732,000)
Payment of cash dividends to common shareholders                 (27,500,000) (12,046,000) (18,731,000)
Repurchase of trust preferred securities                 0 0 (8,030,000)
Net cash for financing activities                 23,996,000 169,312,000 155,664,000
Net change in cash and cash equivalents                 (124,747,000) 16,505,000 93,705,000
Parent Company [Member]                      
Cash flows from operating activities                      
Net income                 42,024,000 31,274,000 31,913,000
Adjustments to reconcile net income to net cash from operating activities:                      
Equity in undistributed net income of subsidiary                 (14,005,000) (17,158,000) (3,999,000)
Stock-based compensation expense                 2,410,000 1,981,000 1,459,000
Stock grants to directors for retainer fees                 441,000 363,000 327,000
Gain on trust preferred securities repurchase                 0 0 (2,970,000)
Other assets                 1,384,000 (230,000) 387,000
Change in other liabilities                 (187,000) (677,000) 78,000
Net cash from operating activities                 32,067,000 15,553,000 27,195,000
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                      
Proceeds from stock option exercises, net of cashless exercises                 108,000 318,000 978,000
Employee stock purchase plan                 52,000 46,000 36,000
Dividend reinvestment plan                 1,165,000 1,576,000 1,601,000
Repurchase of common stock                 (5,943,000) 0 (3,732,000)
Payment of cash dividends to common shareholders                 (27,500,000) (12,046,000) (18,731,000)
Repurchase of trust preferred securities                 0 0 (8,030,000)
Net cash for financing activities                 (32,118,000) (10,106,000) (27,878,000)
Net change in cash and cash equivalents                 (51,000) 5,447,000 (683,000)
Cash and cash equivalents at beginning of period       $ 9,704,000       $ 4,257,000 9,704,000 4,257,000 4,940,000
Cash and cash equivalents at end of period $ 9,653,000       $ 9,704,000       $ 9,653,000 $ 9,704,000 $ 4,257,000