ompany-overview

Investor Relations

Financial Statements : Macatawa Bank Corporation

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Cash and due from banks 29,104 27,690 34,945 40,526 28,143
Federal funds sold and other short-term investments 152,372 62,129 126,522 130,758 115,843
Cash and cash equivalents 181,476 89,819 161,467 171,284 143,986
Interest-bearing time deposits in other financial institutions 20,000 NA NA NA NA
Debt securities available for sale, at fair value 166,815 184,433 220,720 226,986 224,645
Debt securities held to maturity 51,856 69,378 85,827 70,334 70,336
Federal Home Loan Bank (FHLB) stock 11,558 11,558 11,558 11,558 11,558
Loans held for sale, at fair value 2,776 2,181 1,208 415 512
Total loans 1,197,932 1,280,812 1,320,309 1,405,658 1,384,567
Allowance for loan losses (17,081) (16,962) (16,600) (16,876) (16,892)
Net loans 1,180,851 1,263,850 1,303,709 1,388,782 1,367,675
Premises and equipment - net 51,456 50,026 46,629 44,862 44,805
Accrued interest receivable 3,622 4,092 4,680 5,279 5,994
Bank-owned life insurance 28,858 39,274 40,243 41,185 41,433
Other real estate owned - net 17,572 12,253 5,767 3,380 3,261
Net deferred tax asset 8,819 8,863 3,785 3,380 2,660
Other assets 3,984 5,286 4,639 7,679 9,015
Total assets 1,729,643 1,741,013 1,890,232 1,975,124 1,925,880

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing 477,032 501,478 490,583 485,530 466,631
Interest-bearing 958,480 947,246 1,088,427 1,191,209 1,151,233
Total deposits 1,435,512 1,448,724 1,579,010 1,676,739 1,617,864
Other borrowed funds 96,169 84,173 92,118 60,000 60,000
Long-term debt 41,238 41,238 41,238 41,238 41,238
Accrued expenses and other liabilities 4,747 4,639 4,880 6,294 8,812
Total liabilities 1,577,666 1,578,774 1,717,246 1,784,271 1,727,914
Commitments and contingent liabilities 0 0 0 0 0

Shareholders' equity

Common stock 216,540 216,731 217,081 217,783 217,842
Retained deficit (64,910) (53,008) (42,804) (24,652) (19,384)
Accumulated other comprehensive income (loss) 347 (1,484) (1,291) (2,278) (492)
Total shareholders' equity 151,977 162,239 172,986 190,853 197,966
Total liabilities and shareholders' equity 1,729,643 1,741,013 1,890,232 1,975,124 1,925,880
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.