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Financial Highlights : Macatawa Bank Corporation

Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 1,975,124 1,890,232 1,741,013 1,729,643 1,583,846
Total Net Loans 1,389,197 1,304,917 1,266,031 1,183,627 1,101,868
Total Deposits 1,676,739 1,579,010 1,448,724 1,435,512 1,306,325
Equity Attributable to Parent Company 190,853 172,986 162,239 151,977 142,519
Total Equity 190,853 172,986 162,239 151,977 142,519
Profitability (%)
Net Income($000) 26,379 16,292 15,951 12,794 10,473
Net Income Attributable to Parent($000) 26,379 16,292 15,951 12,794 10,473
ROAA 1.40 0.93 0.95 0.79 0.70
Core ROAA 1.40 1.07 0.93 0.79 0.70
ROAE 14.69 9.60 10.06 8.68 7.58
ROATCE 14.69 9.60 10.06 8.68 7.58
Core ROAE 14.69 11.08 9.80 8.63 7.55
Net Interest Margin 3.36 3.19 3.11 3.01 3.06
Reported: Net Interest Margin 3.38 3.24 3.11 3.01 3.07
Efficiency Ratio 57.74 63.60 68.28 72.67 78.06
Noninterest Inc/ Operating Rev 22.69 25.11 27.94 28.61 28.05
Balance Sheet Ratios (%)
Loans/ Deposits 83.83 83.62 88.41 83.45 85.62
Securities/ Assets 15.75 16.84 15.36 13.44 13.03
Total Equity/ Total Assets 9.66 9.15 9.32 8.79 9
Tangible Equity/ Tangible Assets 9.66 9.15 9.32 8.79 9
Tang Common Equity/ Tang Assets 9.66 9.15 9.32 8.79 9
Asset Quality (%)
NPAs/ Assets 1.05 1.48 2.43 3.28 5.23
NPA Excl Restructured/ Assets 0.24 0.33 0.72 1.06 2.31
NPAs & 90+ PD/ Assets 1.05 1.48 2.43 3.28 5.23
NPAs/ Loans & REO 1.47 2.10 3.27 4.66 7.20
Nonaccrual & 90+ & OREO/ Assets 0.24 0.33 0.72 1.06 2.32
NPAs & 90+ PD/ Loans & REO 1.47 2.10 3.27 4.66 7.21
NPA & Loans 90+/ Tangible Common Equity + LLR 9.97 14.74 23.66 33.60 51.34
NCOs/ Avg Loans 0.01 (0.08) (0.10) (0.14) (0.14)
Loan Loss Reserves/ Gross Loans 1.20 1.26 1.32 1.42 1.69
Reserves/ NPAs 81.48 59.42 40.01 30.08 22.91
Loan Loss Provision/ NCO 258.62 NM NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 193,131 174,258 163,663 151,630 134,084
Tier 1 Capital($000) 233,131 214,258 203,663 191,630 174,084
Tier 2 Capital($000) 16,876 16,600 16,962 17,081 NA
Total Capital($000) 250,007 230,858 220,625 208,711 189,353
Total Risk-weighted Assets($000) 1,608,085 1,540,581 1,483,185 1,410,642 1,217,754
Tier 1 Common Capital (CET1) Ratio(%) 12.01 11.31 11.03 10.75 11.01
Tier 1 Ratio(%) 14.50 13.91 13.73 13.58 14.30
Total Capital Ratio(%) 15.54 14.99 14.88 14.80 15.55
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.12 11.88 12.01 11.54 11.61
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 34,045,411 33,972,977 33,940,788 33,925,113 33,866,789
Avg Diluted Shares(actual) 34,018,554 33,952,872 33,922,548 33,891,429 33,803,030
Basic Book Value per Share 5.61 5.09 4.78 4.48 4.21
Book Value per Share, As Reported 5.61 5.09 4.78 4.48 4.21
Basic Tangible Book Value per Share 5.61 5.09 4.78 4.48 4.21
Tangible Book Value per Share, As Reported 5.61 5.09 4.78 4.48 4.21
Common Dividends Declared per Share 0.25 0.18 0.12 0.11 0.08
EPS after Extra 0.78 0.48 0.47 0.38 0.31
EPS after Extra Growth(%) 62.50 2.10 23.70 22.60 NM
Core EPS 0.78 0.55 0.46 0.38 0.31
Core EPS Growth(%) 40.70 21.10 21.20 22.30 (9.80)
Diluted EPS before Amortization 0.78 0.48 0.47 0.38 0.31
Pre-Provision Earnings per Share 0.77 0.49 0.39 0.29 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.