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Note 21 - Mercantile Bank Corporation (Parent Company Only) Condensed Financial Statements - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 82,217 $ 61,063 $ 59,021
Adjustments to reconcile net income to net cash from operating activities:      
Stock-based compensation expense 3,384 3,377 3,784
Stock grants to directors for retainer fee 350 359 344
Other assets (30,189) (437) (12,655)
Accrued interest and other liabilities 14,252 32,524 (3,513)
Cash flows from investing activities      
Net cash for investing activities (395,932) (554,999) (495,507)
Cash flows from financing activities      
Proceeds from stock option exercises, net of cashless exercises 0 36 50
Employee stock purchase plan 45 45 48
Dividend reinvestment plan 891 867 877
Net proceeds from subordinated notes issuance 0 14,645 73,635
Repurchases of common stock 0 0 (21,380)
Payment of cash dividends to common shareholders (21,004) (19,602) (18,524)
Net cash (for) from financing activities 363,080 (443,251) 780,088
Net change in cash and cash equivalents 33,761 (878,388) 349,154
Cash and cash equivalents at beginning of period 96,772 975,160 626,006
Cash and cash equivalents at end of period 130,533 96,772 975,160
Parent Company [Member]      
Cash flows from operating activities      
Net income 82,217 61,063 59,021
Adjustments to reconcile net income to net cash from operating activities:      
Equity in undistributed net income of subsidiary (66,464) (44,221) (26,075)
Stock-based compensation expense 3,384 3,377 3,784
Stock grants to directors for retainer fee 350 359 344
Other assets (128) 858 49
Accrued interest and other liabilities 1,045 1,636 (5)
Net cash from operating activities 20,404 23,072 37,118
Cash flows from investing activities      
Net capital investment into subsidiaries 0 (15,000) (70,000)
Net cash for investing activities 0 (15,000) (70,000)
Cash flows from financing activities      
Proceeds from stock option exercises, net of cashless exercises 0 36 50
Employee stock purchase plan 45 45 48
Dividend reinvestment plan 891 867 877
Net proceeds from subordinated notes issuance 0 14,645 73,635
Repurchases of common stock 0 0 (21,380)
Payment of cash dividends to common shareholders (21,004) (19,602) (18,524)
Net cash (for) from financing activities (20,068) (4,009) 34,706
Net change in cash and cash equivalents 336 4,063 1,824
Cash and cash equivalents at beginning of period 18,633 14,570 12,746
Cash and cash equivalents at end of period $ 18,969 $ 18,633 $ 14,570