2021 Q1 Form 10-Q Financial Statement

#000143774921011236 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $34.79M $37.94M
YoY Change -8.3% -1.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.400M $1.300M
YoY Change 7.69% 44.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.252M $7.617M
YoY Change -31.05% -4.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $17.58M $13.18M
YoY Change 33.41% -9.73%
Income Tax $3.340M $2.504M
% Of Pretax Income 19.0% 19.0%
Net Earnings $14.24M $10.67M
YoY Change 33.41% -9.73%
Net Earnings / Revenue 40.93% 28.13%
Basic Earnings Per Share $0.87 $0.65
Diluted Earnings Per Share $0.87 $0.65
COMMON SHARES
Basic Shares Outstanding 16.28M 16.35M
Diluted Shares Outstanding 16.28M 16.35M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $55.39M $59.14M
YoY Change -6.35% 18.03%
Goodwill $49.47M $49.47M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.20M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.710B $3.657B
YoY Change 28.79% 2.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.80M $19.30M
YoY Change 23.32% 25.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $141.3M $133.3M
YoY Change 6.0% 19.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.80M $19.30M
YoY Change 23.32% 25.32%
LONG-TERM LIABILITIES
Long-Term Debt $47.70M $47.10M
YoY Change 1.27% 1.51%
Other Long-Term Liabilities $17.30M
YoY Change
Total Long-Term Liabilities $65.00M $47.10M
YoY Change 38.0% 1.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.80M $19.30M
Total Long-Term Liabilities $65.00M $47.10M
Total Liabilities $4.269B $3.239B
YoY Change 31.8% 2.24%
SHAREHOLDERS EQUITY
Retained Earnings $143.6M $114.0M
YoY Change 25.99% 37.19%
Common Stock $299.4M $299.6M
YoY Change -0.08% -1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $441.2M $418.4M
YoY Change
Total Liabilities & Shareholders Equity $4.710B $3.657B
YoY Change 28.79% 2.97%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $14.24M $10.67M
YoY Change 33.41% -9.73%
Depreciation, Depletion And Amortization $1.400M $1.300M
YoY Change 7.69% 44.44%
Cash From Operating Activities -$1.421M -$9.778M
YoY Change -85.47% -499.92%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$3.160M
YoY Change -49.37% 15.75%
Acquisitions
YoY Change
Other Investing Activities -$236.3M $870.0K
YoY Change -27263.22% -102.09%
Cash From Investing Activities -$237.9M -$2.293M
YoY Change 10276.14% -94.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.538M $6.282M
YoY Change -43.68% 74.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $265.7M $15.06M
YoY Change 1664.29% -91.7%
NET CHANGE
Cash From Operating Activities -$1.421M -$9.778M
Cash From Investing Activities -$237.9M -$2.293M
Cash From Financing Activities $265.7M $15.06M
Net Change In Cash $26.34M $2.988M
YoY Change 781.46% -97.86%
FREE CASH FLOW
Cash From Operating Activities -$1.421M -$9.778M
Capital Expenditures -$1.600M -$3.160M
Free Cash Flow $179.0K -$6.618M
YoY Change -102.7% -227.88%

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ProvisionForLoanAndLeaseLosses
300000 USD
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
750000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
643000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
625000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
189018000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
68627000 USD
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
197245000 USD
CY2020Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
86206000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
9182000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
2096000 USD
CY2021Q1 mbwm Net Gain Loss From Sale And Valuation Write Down Of Foreclosed Assets
NetGainLossFromSaleAndValuationWriteDownOfForeclosedAssets
81000 USD
CY2020Q1 mbwm Net Gain Loss From Sale And Valuation Write Down Of Foreclosed Assets
NetGainLossFromSaleAndValuationWriteDownOfForeclosedAssets
49000 USD
CY2021Q1 mbwm Net Gain Loss From Sale And Valuation Write Down Of Former Bank Premises
NetGainLossFromSaleAndValuationWriteDownOfFormerBankPremises
-250000 USD
CY2020Q1 mbwm Net Gain Loss From Sale And Valuation Write Down Of Former Bank Premises
NetGainLossFromSaleAndValuationWriteDownOfFormerBankPremises
27000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-312000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-54000 USD
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
277000 USD
CY2020Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
336000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
971000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-220000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1367000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-271000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-483000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3153000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1421000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9778000 USD
CY2021Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
180147000 USD
CY2020Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
24910000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
87307000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
99002000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
30974000 USD
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
124510000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
158000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
106000 USD
CY2021Q1 mbwm Proceeds From Sale Of Former Bank Premises
ProceedsFromSaleOfFormerBankPremises
0 USD
CY2020Q1 mbwm Proceeds From Sale Of Former Bank Premises
ProceedsFromSaleOfFormerBankPremises
162000 USD
CY2021Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1603000 USD
CY2020Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
3159000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-237925000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2293000 USD
CY2021Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-51961000 USD
CY2020Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-61810000 USD
CY2021Q1 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
302650000 USD
CY2020Q1 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
16842000 USD
CY2021Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
22945000 USD
CY2020Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
30595000 USD
CY2021Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
0 USD
CY2020Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
40000000 USD
CY2021Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
11000 USD
CY2020Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
14000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
213000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
192000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3538000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6282000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4636000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4492000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
265684000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15059000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26338000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2988000 USD
CY2020Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
626006000 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
233731000 USD
CY2021Q1 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
652344000 USD
CY2020Q1 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
236719000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
5509000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
8290000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2020Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
11000 USD
CY2021Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
9709000 USD
CY2020Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2021Q1 mbwm Transfers From Bank Premises To Assets Held For Sale
TransfersFromBankPremisesToAssetsHeldForSale
3450000 USD
CY2020Q1 mbwm Transfers From Bank Premises To Assets Held For Sale
TransfersFromBankPremisesToAssetsHeldForSale
0 USD
CY2021Q1 mbwm Transfers From Deposits To Liabilities Held For Sale
TransfersFromDepositsToLiabilitiesHeldForSale
17280000 USD
CY2020Q1 mbwm Transfers From Deposits To Liabilities Held For Sale
TransfersFromDepositsToLiabilitiesHeldForSale
0 USD
CY2021Q1 mbwm Interest Income On Commercial And Mortgage Loans Discontinued Period
InterestIncomeOnCommercialAndMortgageLoansDiscontinuedPeriod
P90D
CY2021Q1 mbwm Maximum Delinquency Period For Consumer And Credit Card Loans To Be Charged Off
MaximumDelinquencyPeriodForConsumerAndCreditCardLoansToBeChargedOff
P120D
CY2021Q1 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
41300000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
24000000.0 USD
CY2021Q1 us-gaap Servicing Asset
ServicingAsset
1110000000 USD
CY2020Q4 us-gaap Servicing Asset
ServicingAsset
1040000000.00 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
436481000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6107000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8331000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
434257000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
380403000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
7843000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
899000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
387347000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
262853000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8331000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
262853000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8331000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
119073000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
899000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
119073000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
899000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
185 pure
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
263000000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8300000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
64 pure
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
119000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
900000 USD
CY2021Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0 USD
CY2021Q1 mbwm Weighted Average Yield Of Securities Portfolio Due In One Year Or Less
WeightedAverageYieldOfSecuritiesPortfolioDueInOneYearOrLess
0.0253 pure
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearAmortizedCostBasis
5414000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
5425000 USD
CY2021Q1 mbwm Weighted Average Yield Of Securities Portfolio Due From One To Five Years
WeightedAverageYieldOfSecuritiesPortfolioDueFromOneToFiveYears
0.0116 pure
CY2021Q1 mbwm Debt Securities Availableforsale Amortized Cost Maturity Allocated And Single Maturity Date Year One Through Five
DebtSecuritiesAvailableforsaleAmortizedCostMaturityAllocatedAndSingleMaturityDateYearOneThroughFive
142876000 USD
CY2021Q1 mbwm Debt Securities Availableforsale Fair Value Maturity Allocated And Single Maturity Date Year One Through Five
DebtSecuritiesAvailableforsaleFairValueMaturityAllocatedAndSingleMaturityDateYearOneThroughFive
143569000 USD
CY2021Q1 mbwm Weighted Average Yield Of Securities Portfolio Due From Five To Ten Years
WeightedAverageYieldOfSecuritiesPortfolioDueFromFiveToTenYears
0.0163 pure
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
197842000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
195378000 USD
CY2021Q1 mbwm Weighted Average Yield Of Securities Portfolio Due Afterten Years
WeightedAverageYieldOfSecuritiesPortfolioDueAftertenYears
0.0202 pure
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
54638000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
53577000 USD
CY2021Q1 mbwm Weighted Average Yield Of Securities Portfolio
WeightedAverageYieldOfSecuritiesPortfolio
0.0155 pure
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
436481000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
434257000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3360000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3190000000 USD
CY2021Q1 mbwm Loans And Leases Receivable Period Increase Decrease
LoansAndLeasesReceivablePeriodIncreaseDecrease
171000000 USD
CY2021Q1 mbwm Loans And Leases Receivable Percentage Period Increase Decrease
LoansAndLeasesReceivablePercentagePeriodIncreaseDecrease
0.054 pure
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3364370000 USD
CY2021Q1 mbwm Loan Portfolio Classes And Segments As Percentage Of Aggregate Loan
LoanPortfolioClassesAndSegmentsAsPercentageOfAggregateLoan
1.000 pure
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3193470000 USD
CY2020Q4 mbwm Loan Portfolio Classes And Segments As Percentage Of Aggregate Loan
LoanPortfolioClassesAndSegmentsAsPercentageOfAggregateLoan
1.000 pure
CY2021Q1 mbwm Loans And Leases Receivable Net Of Deferred Income Increase Decrease Percentage
LoansAndLeasesReceivableNetOfDeferredIncomeIncreaseDecreasePercentage
0.054 pure
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2118000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
3362252000 USD
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3364370000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
3041000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
3190429000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3193470000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
22896000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
20915000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
22826000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
1939000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1922000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
487000 USD
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2069000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
24835000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
22837000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
487000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
24895000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
26892000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
24738000 USD
CY2020Q1 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
15714000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2266000 USD
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2220000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
551000 USD
CY2020Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3072000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
29158000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
26958000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
551000 USD
CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
18786000 USD
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
400000 USD
CY2020Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
300000 USD
CY2021Q1 mbwm Loans And Leases Receivable Nonaccrual Loans Interest Income Recognized
LoansAndLeasesReceivableNonaccrualLoansInterestIncomeRecognized
0 USD
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
100000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
37967000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
52000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
480000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
38695000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
487000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
38208000 USD
CY2021Q1 mbwm Loans And Leases Receivable Net Of Deferred Income Excluding Ppp Loans
LoansAndLeasesReceivableNetOfDeferredIncomeExcludingPPPLoans
2909799000 USD
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
22837000 USD
CY2021Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2886962000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
23889000 USD
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
750000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
40000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
229000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
24828000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1612000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
23216000 USD
CY2020Q4 mbwm Loans And Leases Receivable Net Of Deferred Income Excluding Ppp Loans
LoansAndLeasesReceivableNetOfDeferredIncomeExcludingPPPLoans
2828211000 USD
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
26958000 USD
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2801253000 USD
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3 pure
CY2021Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
130000 USD
CY2021Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
129000 USD
CY2020Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
17 pure
CY2020Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
10265000 USD
CY2020Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
10847000 USD
CY2021Q1 mbwm Minimum Number Of Days Past Due At Period End For Loans Modified As Troubled Debt Restructurings
MinimumNumberOfDaysPastDueAtPeriodEndForLoansModifiedAsTroubledDebtRestructurings
P30D
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3 pure
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
599000 USD
CY2020Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
1 pure
CY2020Q1 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
97000 USD
CY2020Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
1433403000 USD
CY2021Q1 mbwm Allowance For Credit Losses Troubled Debt Restructuring
AllowanceForCreditLossesTroubledDebtRestructuring
1034000 USD
CY2020Q4 mbwm Allowance For Credit Losses Troubled Debt Restructuring
AllowanceForCreditLossesTroubledDebtRestructuring
467000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94169000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
33068000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35210000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55388000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58959000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1400000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
1300000 USD
CY2021Q1 us-gaap Deposits
Deposits
3640000000 USD
CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
233000000 USD
CY2021Q1 mbwm Aggregate Increase Decrease In Percentage Of Deposits
AggregateIncreaseDecreaseInPercentageOfDeposits
0.068 pure
CY2021Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
1605471000 USD
CY2021Q1 mbwm Percentage Of Non Interest Bearing Domestic Deposits To Deposits Demand
PercentageOfNonInterestBearingDomesticDepositsToDepositsDemand
0.440 pure
CY2020Q4 mbwm Percentage Of Non Interest Bearing Domestic Deposits To Deposits Demand
PercentageOfNonInterestBearingDomesticDepositsToDepositsDemand
0.420 pure
CY2021Q1 mbwm Percentage Of Increase Decrease In Non Interest Bearing Demand Deposits
PercentageOfIncreaseDecreaseInNonInterestBearingDemandDeposits
0.120 pure
CY2021Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
494495000 USD
CY2021Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.136 pure
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
473053000 USD
CY2020Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Checking
PercentageOfInterestBearingDomesticDepositsToDepositsChecking
0.139 pure
CY2021Q1 mbwm Percentage Of Increase Decrease Of Interest Bearing Checking Deposits
PercentageOfIncreaseDecreaseOfInterestBearingCheckingDeposits
0.045 pure
CY2021Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
673944000 USD
CY2021Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.185 pure
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
611912000 USD
CY2020Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market
PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket
0.179 pure
CY2021Q1 mbwm Percentage Of Increase Decrease In Money Market Deposits
PercentageOfIncreaseDecreaseInMoneyMarketDeposits
0.101 pure
CY2021Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
371344000 USD
CY2021Q1 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.102 pure
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
338070000 USD
CY2020Q4 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits Savings
PercentageOfInterestBearingDomesticDepositsToDepositsSavings
0.099 pure
CY2021Q1 mbwm Percentage Of Increase Or Decrease Of Savings Deposits
PercentageOfIncreaseOrDecreaseOfSavingsDeposits
0.098 pure
CY2021Q1 mbwm Domestic Time Deposits Less Than100000
DomesticTimeDepositsLessThan100000
151572000 USD
CY2021Q1 mbwm Percentage Of Domestic Time Deposits Under100000
PercentageOfDomesticTimeDepositsUnder100000
0.042 pure
CY2020Q4 mbwm Domestic Time Deposits Less Than100000
DomesticTimeDepositsLessThan100000
165548000 USD
CY2020Q4 mbwm Percentage Of Domestic Time Deposits Under100000
PercentageOfDomesticTimeDepositsUnder100000
0.049 pure
CY2021Q1 mbwm Percentage Of Increase Decrease In Domestic Time Deposits Under100000
PercentageOfIncreaseDecreaseInDomesticTimeDepositsUnder100000
-0.084 pure
CY2021Q1 mbwm Domestic Time Deposits100000 Or More
DomesticTimeDeposits100000OrMore
317223000 USD
CY2021Q1 mbwm Percentage Of Domestic Time Deposits100000 And Over
PercentageOfDomesticTimeDeposits100000AndOver
0.087 pure
CY2020Q4 mbwm Domestic Time Deposits100000 Or More
DomesticTimeDeposits100000OrMore
342633000 USD
CY2020Q4 mbwm Percentage Of Domestic Time Deposits100000 And Over
PercentageOfDomesticTimeDeposits100000AndOver
0.100 pure
CY2021Q1 mbwm Percentage Of Increase Decrease In Domestic Time Deposits100000 And Over
PercentageOfIncreaseDecreaseInDomesticTimeDeposits100000AndOver
-0.074 pure
CY2021Q1 mbwm Aggregate Local Deposit Liabilities
AggregateLocalDepositLiabilities
3614049000 USD
CY2021Q1 mbwm Aggregate Percentage Of Local Deposits
AggregatePercentageOfLocalDeposits
0.992 pure
CY2020Q4 mbwm Aggregate Local Deposit Liabilities
AggregateLocalDepositLiabilities
3364619000 USD
CY2020Q4 mbwm Aggregate Percentage Of Local Deposits
AggregatePercentageOfLocalDeposits
0.986 pure
CY2021Q1 mbwm Aggregate Percentage Increase Decrease In Local Deposits
AggregatePercentageIncreaseDecreaseInLocalDeposits
0.074 pure
CY2021Q1 mbwm Out Of Area Time Deposits100000 And Over
OutOfAreaTimeDeposits100000AndOver
30913000 USD
CY2021Q1 mbwm Percentage Of Out Of Area Time Deposits100000 And Over
PercentageOfOutOfAreaTimeDeposits100000AndOver
0.008 pure
CY2020Q4 mbwm Out Of Area Time Deposits100000 And Over
OutOfAreaTimeDeposits100000AndOver
46934000 USD
CY2020Q4 mbwm Percentage Of Out Of Area Time Deposits100000 And Over
PercentageOfOutOfAreaTimeDeposits100000AndOver
0.014 pure
CY2021Q1 mbwm Percentage Of Increase Decrease In Out Of Area Time100000 And Over
PercentageOfIncreaseDecreaseInOutOfAreaTime100000AndOver
-0.341 pure
CY2021Q1 us-gaap Deposits
Deposits
3644962000 USD
CY2021Q1 mbwm Aggregate Percentage Of Deposits
AggregatePercentageOfDeposits
1.000 pure
CY2020Q4 us-gaap Deposits
Deposits
3411553000 USD
CY2020Q4 mbwm Aggregate Percentage Of Deposits
AggregatePercentageOfDeposits
1.000 pure
CY2021Q1 mbwm Aggregate Increase Decrease In Percentage Of Deposits
AggregateIncreaseDecreaseInPercentageOfDeposits
0.068 pure
CY2021Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
241000000 USD
CY2020Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
272000000 USD
CY2021Q1 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 5%; margin-left: 18pt; width: 95%; font-size: 10pt; font-family: Times New Roman; text-indent: 0px;"><tbody><tr style="vertical-align: bottom;"><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Three Months Ended</p> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Twelve Months Ended</p> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td></tr> <tr style="vertical-align: bottom;"><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">March 31, 2021</p> </td><td style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px;"> </td><td style="font-family: Times New Roman; font-size: 10pt;"> </td><td colspan="2" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">December 31, 2020</p> </td><td style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px;"> </td></tr> <tr style="vertical-align: bottom;"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt; width: 64%;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Outstanding balance at end of period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">141,310,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">118,365,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: Times New Roman; font-size: 10pt;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Average interest rate at end of period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.11</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.12</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td style="font-family: Times New Roman; font-size: 10pt;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Average daily balance during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">132,845,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">132,880,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Average interest rate during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.11</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">0.12</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">%</p> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><td style="font-family: Times New Roman; font-size: 10pt;"> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Maximum daily balance during the period</p> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">169,102,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt;"> </td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td><td style="width: 15%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">173,186,000</td><td style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;"> </td></tr> </tbody></table>
CY2021Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
141310000 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
118365000 USD
CY2021Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
132845000 USD
CY2020 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
132880000 USD
CY2021Q1 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
169102000 USD
CY2020 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
173186000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
737000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
373000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRemainderOfFiscalYear
20000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
94000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
80000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
80000000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
50000000 USD
CY2021Q1 mbwm Federal Home Loan Bank Advance Maturity After Year Four
FederalHomeLoanBankAdvanceMaturityAfterYearFour
70000000 USD
CY2021Q1 mbwm Reserve Or Liability Balance For Financial Instruments With Off Balance Sheet Risk
ReserveOrLiabilityBalanceForFinancialInstrumentsWithOffBalanceSheetRisk
0 USD
CY2021Q1 mbwm Preferred Securities Of Subsidiary Trust
PreferredSecuritiesOfSubsidiaryTrust
45700000 USD
CY2020Q4 mbwm Preferred Securities Of Subsidiary Trust
PreferredSecuritiesOfSubsidiaryTrust
45500000 USD
CY2021Q1 mbwm Maximum Restricted Core Element Allowed In Tier One Capital Percent
MaximumRestrictedCoreElementAllowedInTierOneCapitalPercent
0.25 pure
CY2009Q4 mbwm Maximum Level Of Consolidated Aggregate Assets Allowing For Inclusion Of Trust Preferred Securities In Tier One Capital
MaximumLevelOfConsolidatedAggregateAssetsAllowingForInclusionOfTrustPreferredSecuritiesInTierOneCapital
15000000000.0 USD
CY2021Q1 mbwm Trust Preferred Securities Included In Tier One Capital
TrustPreferredSecuritiesIncludedInTierOneCapital
45700000 USD
CY2020Q4 mbwm Trust Preferred Securities Included In Tier One Capital
TrustPreferredSecuritiesIncludedInTierOneCapital
45500000 USD
CY2021Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1427008000 USD
CY2020Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
1430195000 USD
CY2021Q1 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
41300000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
24000000.0 USD
CY2021Q1 mbwm Capital Conservation Buffer
CapitalConservationBuffer
0.025 pure
CY2021Q1 mbwm Common Equity Tier1 Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTier1RiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070 pure
CY2021Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085 pure
CY2021Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105 pure
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000.0 USD
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
118000
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3500000 USD
CY2021Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
29.91
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
6300000 USD

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