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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Cash and due from banks 38,714 31,503 29,104 27,690 31,165
Federal funds sold and other short-term investments 118,178 97,952 152,372 62,129 114,104
Cash and cash equivalents 156,892 129,455 181,476 89,819 145,269
Interest-bearing time deposits in other financial institutions 25,000 20,000 20,000 NA NA
Securities available for sale, at fair value 139,659 161,874 166,815 184,433 184,761
Securities held to maturity 19,248 31,585 51,856 69,378 68,818
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 3,184
Total loans 1,042,377 1,118,483 1,197,932 1,280,812 1,251,355
Allowance for loan losses (20,798) (18,962) (17,081) (16,962) (16,570)
Net loans 1,021,579 1,099,521 1,180,851 1,263,850 1,234,785
Premises and equipment - net 53,641 52,894 51,456 50,026 48,626
Accrued interest receivable 3,231 3,399 3,622 4,092 4,084
Bank-owned life insurance 27,517 28,195 28,858 39,274 39,781
Other real estate owned - net 36,796 28,242 17,572 12,253 7,097
Net deferred tax asset 16,200 12,265 8,819 8,863 5,869
Other assets 4,491 2,831 3,984 5,286 5,231
Total assets 1,517,405 1,583,846 1,729,643 1,741,013 1,759,063

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing 344,550 404,143 477,032 501,478 481,769
Interest-bearing 905,184 902,182 958,480 947,246 978,221
Total deposits 1,249,734 1,306,325 1,435,512 1,448,724 1,459,990
Other borrowed funds 89,991 88,107 96,169 84,173 82,785
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 4,875
Total liabilities 1,384,883 1,441,327 1,577,666 1,578,774 1,588,888
Commitments and contingent liabilities 0 0 0 0 0

Shareholders' equity

Common stock 216,263 216,460 216,540 216,731 216,959
Retained deficit (81,786) (74,002) (64,910) (53,008) (46,491)
Accumulated other comprehensive income (loss) (1,955) 61 347 (1,484) (293)
Total shareholders' equity 132,522 142,519 151,977 162,239 170,175
Total liabilities and shareholders' equity 1,517,405 1,583,846 1,729,643 1,741,013 1,759,063
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.