MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Advisory Alpha, LLC's Holding History (CIK: 0001576762)

Note: Option positions (PUT/CALL) are excluded.

Q3 2020

Shares 356 Value ($000) $7 Avg Close $17.10 Range $14.08 - $19.75

Q1 2020

Shares 356 Value ($000) $7,779 Avg Close $24.07 Range $15.19 - $29.58

Q4 2019

Shares 356 Value ($000) $12,741 Avg Close $27.83 Range $24.96 - $29.70

Q3 2019

Shares 356 Value ($000) $11,474 Avg Close $25.24 Range $23.31 - $26.97

Q1 2019

Shares 356 Value ($000) $12,214 Avg Close $25.60 Range $21.46 - $27.59

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2020	356	$7	$17.10	$14.08 - $19.75
Q1 2020	356	$7,779	$24.07	$15.19 - $29.58
Q4 2019	356	$12,741	$27.83	$24.96 - $29.70
Q3 2019	356	$11,474	$25.24	$23.31 - $26.97
Q1 2019	356	$12,214	$25.60	$21.46 - $27.59