Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: We made no unregistered sales of equity securities during the quarter ended September 30, 2025.
+Added: We made no unregistered sales of equity securities during the quarter ended March 31, 2026.
Issuer Purchases of Equity Securities
2 unchanged sentences
The program may be discontinued at any time.
−Removed: No shares were repurchased during the first nine months of 2025.
−Removed: Historically, stock repurchases have been funded from cash dividends paid to us from our bank.
−Removed: Additional repurchases may be made in future periods under the authorized plan or a new plan, which would also likely be funded from cash dividends paid to us from our bank.
−Removed: As of September 30, 2025, repurchases aggregating $6.8 million were available to be made under the current repurchase program.
−Removed: Repurchases made during the third quarter of 2025 are detailed in the table below.
+Added: No shares were repurchased during the first three months of 2026.
+Added: Historically, stock repurchases have been funded from cash dividends paid to us from Mercantile Bank.
+Added: Additional repurchases may be made in future periods under the authorized plan or a new plan, which would also likely be funded from cash dividends paid to us from our banks.
+Added: As of March 31, 2026, repurchases aggregating $6.8 million were available to be made under the current repurchase program.
+Added: Repurchases made during the first quarter of 2026 are detailed in the table below.
Maximum Number
9 unchanged sentences
(Dollars in thousands)
−Removed: August 1 – 31
−Removed: September 1 – 30
+Added: January 1 – 31
+Added: February 1 – 28
Defaults Upon Senior Securities.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.