ompany-overview

Investor Relations

Financial Statements : Macatawa Bank Corporation

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

ASSETS

Cash and due from banks 38,714 31,503 29,104 27,690 28,318
Federal funds sold and other short-term investments 118,178 97,952 152,372 62,129 131,571
Cash and cash equivalents 156,892 129,455 181,476 89,819 159,889
Interest-bearing time deposits in other financial institutions 25,000 20,000 20,000 NA NA
Securities available for sale, at fair value 139,659 161,874 166,815 184,433 214,182
Securities held to maturity 19,248 31,585 51,856 69,378 61,927
Federal Home Loan Bank (FHLB) stock 11,236 11,238 11,558 11,558 11,558
Loans held for sale, at fair value 1,915 2,347 2,776 2,181 2,199
Total loans 1,042,377 1,118,483 1,197,932 1,280,812 1,260,037
Allowance for loan losses (20,798) (18,962) (17,081) (16,962) (16,434)
Net loans 1,021,579 1,099,521 1,180,851 1,263,850 1,243,603
Premises and equipment - net 53,641 52,894 51,456 50,026 46,822
Accrued interest receivable 3,231 3,399 3,622 4,092 4,532
Bank-owned life insurance 27,517 28,195 28,858 39,274 40,042
Other real estate owned - net 36,796 28,242 17,572 12,253 6,661
Net deferred tax asset 16,200 12,265 8,819 8,863 5,992
Other assets 4,491 2,831 3,984 5,286 5,639
Total assets 1,517,405 1,583,846 1,729,643 1,741,013 1,803,046

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing 344,550 404,143 477,032 501,478 497,310
Interest-bearing 905,184 902,182 958,480 947,246 1,008,868
Total deposits 1,249,734 1,306,325 1,435,512 1,448,724 1,506,178
Other borrowed funds 89,991 88,107 96,169 84,173 72,118
Long-term debt 41,238 41,238 41,238 41,238 41,238
Accrued expenses and other liabilities 3,920 5,657 4,747 4,639 10,048
Total liabilities 1,384,883 1,441,327 1,577,666 1,578,774 1,629,582
Commitments and contingent liabilities 0 0 0 0 0

Shareholders' equity

Common stock 216,263 216,460 216,540 216,731 217,099
Retained deficit (81,786) (74,002) (64,910) (53,008) (43,307)
Accumulated other comprehensive income (loss) (1,955) 61 347 (1,484) (328)
Total shareholders' equity 132,522 142,519 151,977 162,239 173,464
Total liabilities and shareholders' equity 1,517,405 1,583,846 1,729,643 1,741,013 1,803,046
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.