{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-009173","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2022-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.437878+00:00","generated_at":"2026-06-26T06:25:28.333819+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mercantile Bank Q1 net income $11.5M ($0.73 EPS) down from $14.2M; core loans up 11% annualized","bullets":["Net income $11.5M ($0.73 diluted EPS) vs $14.2M ($0.87) in Q1 2021; revenue $40.2M vs $43.0M.","Net interest income rose 4.6% to $30.9M; net interest margin narrowed to 2.57% from 2.77%.","Core commercial loan growth annualized 11% (~$82M); total loans up $102M, offset by PPP decline.","Nonperforming assets remained low at $1.6M (<0.1% of assets); net loan recoveries $0.1M annualized.","Capital well-capitalized with total risk-based capital ratio 13.8% vs 13.6% year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-009173","json":"https://secwatch.observer/filing/0001437749-22-009173.json","markdown":"https://secwatch.observer/filing/0001437749-22-009173.md","text":"https://secwatch.observer/filing/0001437749-22-009173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922009173/0001437749-22-009173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922009173/mbwm20220418_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T06:25:28.333819+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}