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Financial Highlights : Macatawa Bank Corporation

Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 1,978,405 1,975,124 1,890,232 1,741,013 1,729,643
Total Net Loans 1,327,642 1,389,197 1,304,917 1,266,031 1,183,627
Total Deposits 1,661,106 1,676,739 1,579,010 1,448,724 1,435,512
Equity Attributable to Parent Company 205,519 190,853 172,986 162,239 151,977
Total Equity 205,519 190,853 172,986 162,239 151,977
Profitability (%)
Net Income($000) 15,649 26,379 16,292 15,951 12,794
Net Income Attributable to Parent($000) 15,649 26,379 16,292 15,951 12,794
ROAA 1.59 1.40 0.93 0.95 0.79
Core ROAA 1.59 1.40 1.07 0.93 0.79
ROAE 15.87 14.69 9.60 10.06 8.68
ROATCE 15.87 14.69 9.60 10.06 8.68
Core ROAE 15.87 14.69 11.08 9.80 8.63
Net Interest Margin 3.46 3.36 3.19 3.11 3.01
Reported: Net Interest Margin 3.50 3.38 3.24 3.11 3.01
Efficiency Ratio 54.69 57.74 63.60 68.28 72.67
Noninterest Inc/ Operating Rev 22.77 22.69 25.11 27.94 28.61
Balance Sheet Ratios (%)
Loans/ Deposits 80.88 83.83 83.62 88.41 83.45
Securities/ Assets 16.01 15.75 16.84 15.36 13.44
Total Equity/ Total Assets 10.39 9.66 9.15 9.32 8.79
Tangible Equity/ Tangible Assets 10.39 9.66 9.15 9.32 8.79
Tang Common Equity/ Tang Assets 10.39 9.66 9.15 9.32 8.79
Asset Quality (%)
NPAs/ Assets 0.74 1.05 1.48 2.43 3.28
NPA Excl Restructured/ Assets 0.17 0.24 0.33 0.72 1.06
NPAs & 90+ PD/ Assets 0.75 1.05 1.48 2.43 3.28
NPAs/ Loans & REO 1.09 1.47 2.10 3.27 4.66
Nonaccrual & 90+ & OREO/ Assets 0.17 0.24 0.33 0.72 1.06
NPAs & 90+ PD/ Loans & REO 1.10 1.47 2.10 3.27 4.66
NPA & Loans 90+/ Tangible Common Equity + LLR 6.65 9.97 14.74 23.66 33.60
NCOs/ Avg Loans (0.07) 0.01 (0.08) (0.10) (0.14)
Loan Loss Reserves/ Gross Loans 1.26 1.20 1.26 1.32 1.42
Reserves/ NPAs 114.89 81.48 59.42 40.01 30.08
Loan Loss Provision/ NCO NM 258.62 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 204,178 193,131 174,258 163,663 151,630
Tier 1 Capital($000) 244,178 233,131 214,258 203,663 191,630
Tier 2 Capital($000) 16,886 16,876 16,600 16,962 17,081
Total Capital($000) 261,064 250,007 230,858 220,625 208,711
Total Risk-weighted Assets($000) 1,555,050 1,608,085 1,540,581 1,483,185 1,410,642
Tier 1 Common Capital (CET1) Ratio(%) 13.13 12.01 11.31 11.03 10.75
Tier 1 Ratio(%) 15.70 14.50 13.91 13.73 13.58
Total Capital Ratio(%) 16.78 15.54 14.99 14.88 14.80
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.34 12.12 11.88 12.01 11.54
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 34,064,831 34,045,411 33,972,977 33,940,788 33,925,113
Avg Diluted Shares(actual) 34,041,628 34,018,554 33,952,872 33,922,548 33,891,429
Basic Book Value per Share 6.03 5.61 5.09 4.78 4.48
Book Value per Share, As Reported 6.04 5.61 5.09 4.78 4.48
Basic Tangible Book Value per Share 6.03 5.61 5.09 4.78 4.48
Tangible Book Value per Share, As Reported 6.04 5.61 5.09 4.78 4.48
Common Dividends Declared per Share 0.14 0.25 0.18 0.12 0.11
EPS after Extra 0.46 0.78 0.48 0.47 0.38
EPS after Extra Growth(%) 24.30 62.50 2.10 23.70 22.60
Core EPS 0.46 0.78 0.55 0.46 0.38
Core EPS Growth(%) 24.30 40.70 21.10 21.20 22.30
Diluted EPS before Amortization 0.46 0.78 0.48 0.47 0.38
Pre-Provision Earnings per Share 0.44 0.77 0.49 0.39 0.29
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.