I had that happen to my guitar.

Someone knocked over my PA speaker column into the guitar - a 1972 Yamaha Red Label FG500 (a gorgeous sounding guitar)... putting a hole in the guitar front a couple of inches below the bridge. Several months later, the bridge gave loose - taken wood with it (like yours only worse).

That was 1975. Being young and foolish like I was at the time, I glued it back together with Elmer's Wood Glue. (I close the hole with it, too)

It has held together since. And the guitar still sounds AMAZING. I would never give it up. I recently went "guitar shopping" and a $5000 Taylor was the ONLY thing I played that came close to the sound...