XML 136 R121.htm IDEA: XBRL DOCUMENT v3.20.4
Note 23 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statement of Cash Flows (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities                      
Net income $ 14,082,000 $ 10,686,000 $ 8,697,000 $ 10,673,000 $ 13,317,000 $ 12,600,000 $ 11,715,000 $ 11,824,000 $ 44,138,000 $ 49,456,000 $ 42,024,000
Adjustments to reconcile net income to net cash from operating activities:                      
Stock-based compensation expense                 2,325,000 2,931,000 2,410,000
Stock grants to directors for retainer fees                 394,000 375,000 441,000
Other assets                 (10,892,000) (7,636,000) (2,193,000)
Accrued interest and other liabilities                 1,895,000 (2,818,000) 11,029,000
Cash flows from investing activities                      
Net cash for investing activities                 (398,806,000) (92,838,000) (210,480,000)
Cash flows from financing activities                      
Proceeds from stock option exercises, net of cashless exercises                 3,000 128,000 108,000
Employee stock purchase plan                 49,000 50,000 52,000
Dividend reinvestment plan                 814,000 729,000 1,165,000
Repurchases of common stock                 (6,591,000) (7,183,000) (5,943,000)
Payment of cash dividends to common shareholders                 (17,930,000) (17,108,000) (27,500,000)
Net cash for financing activities                 753,204,000 206,448,000 23,996,000
Parent Company [Member]                      
Cash flows from operating activities                      
Net income                 44,138,000 49,456,000 42,024,000
Adjustments to reconcile net income to net cash from operating activities:                      
Equity in undistributed net income of subsidiary                 (17,086,000) (33,449,000) (14,005,000)
Stock-based compensation expense                 2,325,000 2,931,000 2,410,000
Stock grants to directors for retainer fees                 394,000 375,000 441,000
Other assets                 (227,000) 2,387,000 1,384,000
Accrued interest and other liabilities                 812,000 (1,924,000) (187,000)
Net cash from operating activities                 30,356,000 19,776,000 32,067,000
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                 3,000 128,000 108,000
Employee stock purchase plan                 49,000 50,000 52,000
Dividend reinvestment plan                 814,000 729,000 1,165,000
Repurchases of common stock                 (6,591,000) (7,183,000) (5,943,000)
Payment of cash dividends to common shareholders                 (17,930,000) (17,108,000) (27,500,000)
Net cash for financing activities                 (23,655,000) (23,384,000) (32,118,000)
Net change in cash and cash equivalents                 6,701,000 (3,608,000) (51,000)
Cash and cash equivalents at beginning of period       $ 6,045,000       $ 9,653,000 6,045,000 9,653,000 9,704,000
Cash and cash equivalents at end of period $ 12,746,000       $ 6,045,000       $ 12,746,000 $ 6,045,000 $ 9,653,000