LONG TERM DEBT (Details) - Macatawa Statutory Trust II [Member] - USD ($) $ in Thousands |
12 Months Ended | |
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Jul. 07, 2021 |
Dec. 31, 2022 |
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Debt Instruments [Abstract] | ||
Description of variable rate basis | three-month LIBOR | |
Maturity date | Mar. 18, 2034 | |
LIBOR [Member] | ||
Debt Instruments [Abstract] | ||
Basis spread on three-month LIBOR | 2.75% | |
Term of variable rate | 3 months | |
Common Securities [Member] | ||
Debt Instruments [Abstract] | ||
Aggregate liquidation amount of pooled trust preferred securities | $ 619 | |
Amount of securities associated with trust preferred securities redeemed | $ 619 | |
Preferred Securities [Member] | ||
Debt Instruments [Abstract] | ||
Aggregate liquidation amount of pooled trust preferred securities | $ 20,000 | |
Amount of securities associated with trust preferred securities redeemed | $ 20,000 |
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- Definition Term of the interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index. 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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- Definition The amount of the liquidation value for auction market preferred securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Description of reference rate used for variable rate of debt instrument. No definition available.
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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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