Banking & Depository

MERCANTILE BANK CORP CEO pay

Raymond E. Reitsma, President and Chief Executive. Fiscal year 2024, as reported to the SEC.

Total compensation

$1.2M

$1,181,790 for fiscal 2024: the Summary Compensation Table total, with stock and option awards at their grant-date value.

Definitive proxy statement, filed 2026-04-02SEC accession number 0001437749-26-010964

In context

The median chief executive among 245 Banking & Depository companies was paid $1.3M. The middle half ranged from $650K to $2.8M.

Raymond E. Reitsma's total is below that median.

See how your pay compares to MERCANTILE BANK CORP's peers

CEOSalary breaks this total into salary, bonus, stock and option awards, builds a peer set of comparable companies around it, and places your own package against them, with every figure cited to its filing.

Start a 3-day trial

Source: MERCANTILE BANK CORP's definitive proxy statement (SEC Form DEF 14A), Summary Compensation Table, fiscal year 2024. Figures are as reported by the company and are not adjusted or estimated. Context figures are from CEOSalary's snapshot of SEC filings as of 2026-10-28. Not financial, legal or compensation-consulting advice.