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Note 21 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statements of Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income      
Interest and dividends from subsidiaries $ 271,358 $ 181,839 $ 143,494
Expenses      
Interest expense 77,813 23,595 19,432
Federal income tax benefit 20,482 14,727 14,695
Net income 82,217 61,063 59,021
Other comprehensive income (loss) 14,854 (61,612) (9,215)
Comprehensive income (loss) 97,071 (549) 49,806
Parent Company [Member]      
Income      
Interest and dividends from subsidiaries 26,660 26,056 39,058
Total income 26,660 26,056 39,058
Expenses      
Interest expense 8,091 6,104 1,934
Other operating expenses 5,674 5,645 5,831
Total expenses 13,765 11,749 7,765
Income before income tax benefit and equity in undistributed net income of subsidiary 12,895 14,307 31,293
Federal income tax benefit (2,858) (2,535) (1,653)
Equity in undistributed net income of subsidiary 66,464 44,221 26,075
Net income 82,217 61,063 59,021
Other comprehensive income (loss) 14,854 (61,612) (9,215)
Comprehensive income (loss) $ 97,071 $ (549) $ 49,806