v3.26.1
Note 15 - Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

(Dollars in thousands)

 

Mercantile Bank

  

Eastern Michigan Bank

  

All Other

  

Intercompany Eliminations

  

Consolidated Total

 
                     

Interest income

 $160,309  $12,891  $2,122  $(3,200) $172,122 

Interest expense

  54,944   1,142   6,017   (3,140)  58,963 

Net interest income

  105,365   11,749   (3,895)  (60)  113,159 

Provision for credit losses

  (3,400)  (200)  -   -   (3,600)

Net interest income after provision for credit losses

  108,765   11,949   (3,895)  (60)  116,759 

Noninterest income

  21,886   1,132   39,169   (39,000)  23,187 

Noninterest expense

  69,533   8,045   3,905   -   81,483 

Income before federal income tax expense

  61,118   5,036   31,369   (39,060)  58,463 

Federal income tax expense

  10,550   1,033   (1,732)  -   9,851 

Net income

 $50,568  $4,003  $33,101  $(39,060) $48,612 
                     

Goodwill

 $32,171  $24,217  $17,301  $-  $73,689 

Core deposit intangible, net

  -   17,307   -   -   17,307 

Total assets

  6,240,346   553,623   1,046,837   (1,021,316)  6,819,490