S-4 S-4 EX-FILING FEES 0001042729 MERCANTILE BANK CORP N/A N/A 0001042729 2025-09-16 2025-09-16 0001042729 1 2025-09-16 2025-09-16 iso4217:USD xbrli:pure xbrli:shares

Calculation of Filing Fee Tables

S-4

MERCANTILE BANK CORP

Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities
Fees to be Paid 1 Equity Common Stock Other 923,942 $ 83,422,264.20 0.0001531 $ 12,771.95
Fees Previously Paid
Carry Forward Securities
Carry Forward Securities

Total Offering Amounts:

$ 83,422,264.20

$ 12,771.95

Total Fees Previously Paid:

$ 0.00

Total Fee Offsets:

$ 0.00

Net Fee Due:

$ 12,771.95

Offering Note

1

Rule 457(f) Fee Calculation Details

(1) The number of shares of common stock, without par value, of Mercantile Bank Corporation ("Mercantile" and such shares, "Mercantile common stock") being registered is based upon an estimate of (i) the exchange ratio of 0.7116 of a share of Mercantile common stock for each share of common stock, par value $5.00 per share, of Eastern Michigan Financial Corporation ("EFIN" and, such shares, the "EFIN common stock") multiplied by (ii) the estimated maximum number of 1,298,401 shares of EFIN common stock to be exchanged or converted for the securities being registered. Pursuant to Rule 416, this registration statement also covers an indeterminate number of shares of Mercantile common stock as may become issuable as a result of stock splits, stock dividends or similar transactions. (2) Estimated solely for the purpose of calculating the registration fee required by Section 6(b) of the Securities Act of 1933, as amended (the "Securities Act") and calculated in accordance with Rules 457(c) and 457(f)(l) under the Securities Act, based on the product of (i) $64.25, the average of the bid and asked prices of EFIN's common stock on September 12, 2025 (such date being within five business days of the date that this registration statement was first filed with the U.S. Securities and Exchange Commission) as quoted on the OTCID Basic Market, and (ii) the estimated maximum number of 1,298,401 shares of EFIN common stock to be exchanged or converted for the securities being registered. (3) Calculated by multiplying the estimated aggregate offering price of securities to be registered by 0.0001531.
Amount of Securities to be Received or Cancelled Value per Share of Securities to be Received or Cancelled Total Value of Securities to be Received or Cancelled Cash Consideration Received by the registrant Cash Consideration (Paid) by the registrant Maximum Aggregate Offering Price
1,298,401 $ 5.00 $ 6,492,005.00 $ 6,492,005.00

Table 2: Fee Offset Claims and Sources ☑Not Applicable
Registrant or Filer Name Form or Filing Type File Number Initial Filing Date Filing Date Fee Offset Claimed Security Type Associated with Fee Offset Claimed Security Title Associated with Fee Offset Claimed Unsold Securities Associated with Fee Offset Claimed Unsold Aggregate Offering Amount Associated with Fee Offset Claimed Fee Paid with Fee Offset Source
Rules 457(b) and 0-11(a)(2)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Rule 457(p)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Table 3: Combined Prospectuses ☑Not Applicable

Security Type

Security Class Title

Amount of Securities Previously Registered

Maximum Aggregate Offering Price of Securities Previously Registered

Form Type

File Number

Initial Effective Date

N/A N/A N/A N/A N/A N/A N/A N/A