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Financial Highlights : Macatawa Bank Corporation

Financial Highlights
2017 FQ2 YTD
6/30/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
2013 FY
12/31/2013
Balance Sheet ($000)
Total Assets 1,759,063 1,741,013 1,729,643 1,583,846 1,517,405
Total Net Loans 1,237,969 1,266,031 1,183,627 1,101,868 1,023,494
Total Deposits 1,459,990 1,448,724 1,435,512 1,306,325 1,249,734
Equity Attributable to Parent Company 170,175 162,239 151,977 142,519 132,522
Total Equity 170,175 162,239 151,977 142,519 132,522
Profitability (%)
Net Income($000) 9,223 15,951 12,794 10,473 9,549
Net Income Attributable to Parent($000) 9,223 15,951 12,794 10,473 9,549
ROAA 1.08 0.95 0.79 0.70 0.63
Core ROAA 1.08 0.93 0.79 0.70 0.63
ROAE 11.09 10.06 8.68 7.58 7.11
ROATCE 11.09 10.06 8.68 7.58 (7.68)
Core ROAE 11.09 9.80 8.63 7.55 7.05
Net Interest Margin 3.19 3.11 3.01 3.06 3.04
Reported: Net Interest Margin 3.25 3.11 3.01 3.07 3.05
Efficiency Ratio 64.91 68.28 72.67 78.06 80.33
Noninterest Inc/ Operating Rev 25.61 27.94 28.61 28.05 27.96
Balance Sheet Ratios (%)
Loans/ Deposits 85.71 88.41 83.45 85.62 83.41
Securities/ Assets 15.18 15.36 13.44 13.03 11.32
Total Equity/ Total Assets 9.67 9.32 8.79 9 8.73
Tangible Equity/ Tangible Assets 9.67 9.32 8.79 9 8.73
Tang Common Equity/ Tang Assets 9.67 9.32 8.79 9 8.73
Asset Quality (%)
NPAs/ Assets 1.74 2.43 3.28 5.23 7.04
NPA Excl Restructured/ Assets 0.43 0.72 1.06 2.31 3.23
NPAs & 90+ PD/ Assets 1.75 2.43 3.28 5.23 7.05
NPAs/ Loans & REO 2.43 3.27 4.66 7.20 9.88
Nonaccrual & 90+ & OREO/ Assets 0.44 0.72 1.06 2.32 3.24
NPAs & 90+ PD/ Loans & REO 2.45 3.27 4.66 7.21 9.89
NPA & Loans 90+/ Tangible Common Equity + LLR 16.53 23.66 33.60 51.34 69.76
NCOs/ Avg Loans (0.10) (0.10) (0.14) (0.14) (0.13)
Loan Loss Reserves/ Gross Loans 1.32 1.32 1.42 1.69 1.99
Reserves/ NPAs 54.04 40.01 30.08 22.91 19.47
Loan Loss Provision/ NCO NM NM NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 170,426 163,663 151,630 134,084 120,455
Tier 1 Capital($000) 210,426 203,663 191,630 174,084 160,455
Tier 2 Capital($000) 16,570 16,962 17,081 NA NA
Total Capital($000) 226,996 220,625 208,711 189,353 174,433
Total Risk-weighted Assets($000) 1,471,931 1,483,185 1,410,642 1,217,754 1,111,431
Tier 1 Common Capital (CET1) Ratio(%) 11.58 11.03 10.75 11.01 10.84
Tier 1 Ratio(%) 14.30 13.73 13.58 14.30 14.44
Total Capital Ratio(%) 15.42 14.88 14.80 15.55 15.69
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.21 12.01 11.54 11.61 10.61
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 33,938,486 33,940,788 33,925,113 33,866,789 33,801,097
Avg Diluted Shares(actual) 33,948,371 33,922,548 33,891,429 33,803,030 27,161,888
Basic Book Value per Share 5.01 4.78 4.48 4.21 3.92
As-reported Book Value per Share 5.01 4.78 4.48 4.21 3.92
Basic Tangible Book Value per Share 5.01 4.78 4.48 4.21 3.92
Reported: Tangible Book Value 5.01 4.78 4.48 4.21 3.92
Common Dividends Declared per Share 0.08 0.12 0.11 0.08 0
EPS after Extra 0.27 0.47 0.38 0.31 (0.29)
EPS after Extra Growth(%) 28.60 23.70 22.60 NM NM
Core EPS 0.27 0.46 0.38 0.31 0.34
Core EPS Growth(%) 36.10 21.20 22.30 (9.80) (74)
Diluted EPS before Amortization 0.27 0.47 0.38 0.31 (0.29)
Pre-Provision Earnings per Share 0.23 0.39 0.29 0.22 0.22
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.