v3.26.3
Note 15 - Business Segment Information (Tables)
9 Months Ended
Sep. 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

 $244,702  $19,315  $3,196  $(4,822) $262,391 

Interest expense

  82,268   1,771   9,023   (4,731)  88,331 

Net interest income

  162,434   17,544   (5,827)  (91)  174,060 

Provision for credit losses

  (2,700)  (200)  -   -   (2,900)

Net interest income after provision for credit losses

  165,134   17,744   (5,827)  (91)  176,960 

Noninterest income

  33,637   1,584   58,716   (58,500)  35,437 

Noninterest expense

  106,948   12,101   5,934   -   124,983 

Income before federal income tax expense

  91,823   7,227   46,955   (58,591)  87,414 

Federal income tax expense

  15,794   1,482   (2,547)  -   14,729 

Net income

 $76,029  $5,745  $49,502  $(58,591) $72,685 
                     

Goodwill

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

Core deposit intangible, net

  -   16,442   -   -   16,442 

Total assets

  6,529,958   587,643   1,051,866   (1,006,599)  7,162,868