SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Principles of Consolidation and Recent Events (Details) $ in Thousands |
12 Months Ended | ||
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Jul. 07, 2021
USD ($)
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Dec. 31, 2022
USD ($)
Loan
Branch
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Dec. 31, 2021
USD ($)
Loan
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |||
Number of full service branch offices | Branch | 26 | ||
PPP Loans [Member] | |||
Recent Events [Abstract] | |||
Number of loans originated | Loan | 1,000 | ||
Loans originated | $ 128,100 | ||
Fees generated for loans originated | $ 5,600 | ||
Number of loans forgiven | Loan | 251 | 1,722 | |
Loans forgiven | $ 43,200 | $ 318,400 | |
Net fees recognized for loans forgiven | 1,300 | $ 8,300 | |
Loans outstanding | $ 0 | ||
Macatawa Statutory Trust II [Member] | Common Securities [Member] | |||
Recent Events [Abstract] | |||
Trust securities redeemed | $ 619 | ||
Common securities repurchased | 619 | ||
Trusted Preferred Securities [Member] | Macatawa Statutory Trust II [Member] | |||
Recent Events [Abstract] | |||
Trust securities redeemed | $ 20,000 |
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- Definition The amount of the redemption of common stock repurchased from the trust. No definition available.
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- Definition Amount of fees collected from Small Business Administration for loans originated. No definition available.
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- Definition Amount of fees recognized for loans forgiven by Small Business Administration (SBA). No definition available.
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- Definition Amount of loans forgiven by SBA during the period. No definition available.
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- Definition Amount of loans outstanding as of the balance sheet date. No definition available.
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- Definition Amount of loans originated during the period. No definition available.
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- Definition Refers to the number of full service branch offices. No definition available.
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- Definition Number of loans forgiven under Payment Protection Program (PPP) during the period. No definition available.
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- Definition Number of loans originated under Payment Protection Program (PPP) during the period. No definition available.
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- References No definition available.
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- Definition The amount of the redemption of the preferred stocks issued by a business trust or other special purpose entity, mainly established by a bank holding entity, to third party investors. No definition available.
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- References No definition available.
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