ompany-overview

Investor Relations

Financial Statements : Macatawa Bank Corporation

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Cash and due from banks 29,104 27,690 34,945 40,526 50,870
Federal funds sold and other short-term investments 152,372 62,129 126,522 130,758 319,566
Cash and cash equivalents 181,476 89,819 161,467 171,284 370,436
Interest-bearing time deposits in other financial institutions 20,000 NA NA NA NA
Debt securities available for sale, at fair value 166,815 184,433 220,720 226,986 209,895
Debt securities held to maturity 51,856 69,378 85,827 70,334 81,995
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 1,317
Total loans 1,197,932 1,280,812 1,320,309 1,405,658 1,377,227
Allowance for loan losses (17,081) (16,962) (16,600) (16,876) (17,145)
Net loans 1,180,851 1,263,850 1,303,709 1,388,782 1,360,082
Premises and equipment - net 51,456 50,026 46,629 44,862 43,956
Accrued interest receivable 3,622 4,092 4,680 5,279 5,335
Bank-owned life insurance 28,858 39,274 40,243 41,185 41,960
Other real estate owned - net 17,572 12,253 5,767 3,380 3,109
Net deferred tax asset 8,819 8,863 3,785 3,380 2,097
Other assets 3,984 5,286 4,639 7,679 12,758
Total assets 1,729,643 1,741,013 1,890,232 1,975,124 2,144,498

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing 477,032 501,478 490,583 485,530 501,731
Interest-bearing 958,480 947,246 1,088,427 1,191,209 1,318,409
Total deposits 1,435,512 1,448,724 1,579,010 1,676,739 1,820,140
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 11,335
Total liabilities 1,577,666 1,578,774 1,717,246 1,784,271 1,932,713
Commitments and contingent liabilities 0 0 0 0 0

Shareholders' equity

Common stock 216,540 216,731 217,081 217,783 218,052
Retained deficit (64,910) (53,008) (42,804) (24,652) (7,978)
Accumulated other comprehensive income (loss) 347 (1,484) (1,291) (2,278) 1,711
Total shareholders' equity 151,977 162,239 172,986 190,853 211,785
Total liabilities and shareholders' equity 1,729,643 1,741,013 1,890,232 1,975,124 2,144,498
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.