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Financial Highlights : Macatawa Bank Corporation

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 2,508,718 2,068,770 1,975,124 1,890,232 1,741,013
Total Net Loans 1,529,285 1,371,721 1,389,197 1,304,917 1,266,031
Total Deposits 2,170,579 1,753,294 1,676,739 1,579,010 1,448,724
Equity Attributable to Parent Company 233,865 217,469 190,853 172,986 162,239
Total Equity 233,865 217,469 190,853 172,986 162,239
Profitability (%)
Net Income($000) 21,169 31,979 26,379 16,292 15,951
Net Income Attributable to Parent($000) 21,169 31,979 26,379 16,292 15,951
ROAA 1.22 1.59 1.40 0.93 0.95
Core ROAA 1.22 1.59 1.40 1.07 0.94
ROAE 12.48 15.66 14.69 9.60 10.06
ROATCE 12.48 15.66 14.69 9.60 10.06
Core ROAE 12.48 15.66 14.69 11.08 9.89
Net Interest Margin 2.76 3.36 3.36 3.19 3.11
Reported: Net Interest Margin 2.77 3.38 3.38 3.24 3.11
Efficiency Ratio 54.46 53.17 57.74 63.60 68.05
Noninterest Inc/ Operating Rev 27.30 23.71 22.69 25.11 28.19
Balance Sheet Ratios (%)
Loans/ Deposits 71.06 79.03 83.83 83.62 88.41
Securities/ Assets 13.53 15.60 15.75 16.84 15.36
Total Equity/ Total Assets 9.32 10.51 9.66 9.15 9.32
Tangible Equity/ Tangible Assets 9.32 10.51 9.66 9.15 9.32
Tang Common Equity/ Tang Assets 9.32 10.51 9.66 9.15 9.32
Asset Quality (%)
NPAs/ Assets 0.48 0.80 1.05 1.48 2.43
NPA Excl Restructured/ Assets 0.11 0.14 0.24 0.33 0.72
NPAs & 90+ PD/ Assets 0.48 0.80 1.05 1.48 2.43
NPAs/ Loans & REO 0.78 1.19 1.47 2.10 3.27
Nonaccrual & 90+ & OREO/ Assets 0.11 0.14 0.24 0.33 0.72
NPAs & 90+ PD/ Loans & REO 0.78 1.19 1.47 2.10 3.27
NPA & Loans 90+/ Tangible Common Equity + LLR 4.81 7.06 9.97 14.74 23.66
NCOs/ Avg Loans 0.25 (0.06) 0.01 (0.08) (0.10)
Loan Loss Reserves/ Gross Loans 1.07 1.24 1.20 1.26 1.32
Reserves/ NPAs 137.34 103.86 81.48 59.42 40.01
Loan Loss Provision/ NCO 77.41 NM 258.62 NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 229,270 215,925 193,131 174,258 163,663
Tier 1 Capital($000) 249,270 235,925 233,131 214,258 203,663
Tier 2 Capital($000) 16,558 17,200 16,876 16,600 16,962
Total Capital($000) 265,828 253,125 250,007 230,858 220,625
Total Risk-weighted Assets($000) 1,498,497 1,604,198 1,608,085 1,540,581 1,483,185
Tier 1 Common Capital (CET1) Ratio(%) 15.30 13.46 12.01 11.31 11.03
Tier 1 Ratio(%) 16.60 14.70 14.50 13.91 13.73
Total Capital Ratio(%) 17.74 15.78 15.54 14.99 14.88
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.78 11.49 12.12 11.88 12.01
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 34,101,320 34,103,542 34,045,411 33,972,977 33,940,788
Avg Diluted Shares(actual) 34,108,676 34,056,200 34,018,554 33,952,872 33,922,548
Basic Book Value per Share 6.86 6.38 5.61 5.09 4.78
Book Value per Share, As Reported 6.86 6.38 5.61 5.09 4.78
Basic Tangible Book Value per Share 6.86 6.38 5.61 5.09 4.78
Tangible Book Value per Share, As Reported 6.86 6.38 5.61 5.09 4.78
Common Dividends Declared per Share 0.24 0.28 0.25 0.18 0.12
EPS after Extra 0.62 0.94 0.78 0.48 0.47
EPS after Extra Growth(%) (11.40) 20.50 62.50 2.10 23.70
Core EPS 0.62 0.94 0.78 0.55 0.46
Core EPS Growth(%) (11.40) 20.50 40.70 20 22.40
Diluted EPS before Amortization 0.62 0.94 0.78 0.48 0.47
Pre-Provision Earnings per Share 0.65 0.91 0.77 0.49 0.39
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.