Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

OTHER BORROWED FUNDS, Scheduled Repayments of FHLB Advances (Details)

v3.22.4

OTHER BORROWED FUNDS, Scheduled Repayments of FHLB Advances (Details) - USD ($) $ in Thousands	May 27, 2022	Apr. 21, 2022	Jan. 21, 2022	Dec. 31, 2022	Dec. 31, 2021
Scheduled repayments of FHLB advances [Abstract]
2023				$ 0
2024				30,000
2025				0
2026				0
2027				0
Thereafter				0
Total				30,000	$ 85,000
Other Advances [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance amount	$ 20,000
Prepayment penalty	$ 87
Other Advances [Member] \| Minimum [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance interest rate	2.91%
Other Advances [Member] \| Maximum [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance interest rate	3.05%
Federal Home Loan Bank Advances [Member]
Scheduled repayments of FHLB advances [Abstract]
Total				$ 30,000	$ 85,000
Federal Home Loan Bank, Advances, Putable Option [Member] \| Federal Home Loan Bank Advances [Member] \| FHLB Advance One [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance amount			$ 25,000
FHLB advance interest rate			0.01%
FHLB advance maturity date			Jul. 21, 2031
FHLB advance paid off			$ 25,000
Federal Home Loan Bank, Advances, Putable Option [Member] \| Federal Home Loan Bank Advances [Member] \| FHLB Advance Two [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance amount			$ 25,000
FHLB advance interest rate			0.05%
FHLB advance maturity date			Jan. 21, 2032
FHLB advance paid off		$ 25,000
Federal Home Loan Bank, Advances, Putable Option [Member] \| Federal Home Loan Bank Advances [Member] \| FHLB Advance Three [Member]
Advances from Federal Home Loan Bank [Abstract]
FHLB advance amount	$ 10,000
FHLB advance interest rate	0.45%
FHLB advance paid off	$ 10,000

- Definition

Maturity date for the advances from the Federal Home Loan Bank, as of the balance sheet date, in YYYY-MM-DD format.

+ References

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Amount of borrowings as of the balance sheet date from the Federal Home Loan Bank, which are primarily used to cover shortages in the required reserve balance and liquidity shortages.

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Amount of Federal Home Loan Bank (FHLBank) advances to member financial institutions.

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Interest rate of advances made and reported by Federal Home Loan Bank (FHLBank).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of advance from Federal Home Loan Bank (FHLBank) maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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- Definition

Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest.

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Amount of cash outflow for repayment of Federal Home Loan Bank (FHLBank) borrowing, classified as financing activity.

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