MERCANTILE BANK CORP (MBWM)
Sector: Financials
Named Executive Officers
Compensation data for top executives (showing up to 3 years of data)
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Raymond E. Reitsma President and Chief Executive Officer of Mercantile Bank, and Chief Executive Officer of EMB | 2025 | $734,600 | $0 | $471,283 | $0 | $462,798 | $101,302 | $1,769,983 |
| 2024 | $627,500 | $0 | $0 | $0 | $458,850 | $95,440 | $1,181,790 | |
| 2023 | $484,784 | $0 | $316,208 | $0 | $242,392 | $92,464 | $1,135,848 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Charles E. Christmas Executive Vice President, Chief Financial Officer and Treasurer of Mercantile, Executive Vice President and Chief Financial Officer of EMB | 2025 | $444,050 | $0 | $198,037 | $0 | $186,501 | $71,392 | $899,980 |
| 2024 | $415,000 | $0 | $0 | $0 | $190,900 | $70,927 | $676,827 | |
| 2023 | $394,921 | $0 | $186,707 | $0 | $157,968 | $73,484 | $813,080 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Mark S. Augustyn Executive Vice President, Chief Commercial Banking Officer of Mercantile Bank | 2025 | $450,230 | $0 | $200,705 | $0 | $165,460 | $68,854 | $892,642 |
| 2024 | $420,777 | $0 | $0 | $0 | $169,363 | $62,944 | $653,979 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Scott P. Setlock Executive Vice President, Chief Operating Officer and Secretary of Mercantile and of Mercantile Bank | 2025 | $353,100 | $0 | $157,513 | $0 | $129,764 | $57,351 | $697,728 |
| 2024 | $330,000 | $0 | $0 | $0 | $132,825 | $51,935 | $514,760 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Brett E. Hoover Executive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank | 2025 | $294,250 | $0 | $116,436 | $0 | $92,689 | $53,667 | $557,042 |
| 2024 | $275,000 | $0 | $0 | $0 | $94,875 | $45,678 | $415,553 | |
| 2023 | $220,000 | $0 | $109,989 | $0 | $66,000 | $38,724 | $434,713 |