Macatawa Bank Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 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

SECURITIES, Available-for-sale Securities (Details)

v3.23.1

SECURITIES, Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available for Sale, Debt Securities [Abstract]
Amortized cost	$ 559,283	$ 539,318
Gross unrealized gains	486	82
Gross unrealized losses	(33,810)	(40,143)
Fair value	525,959	499,257
U.S. Treasury and Federal Agency Securities [Member]
Available for Sale, Debt Securities [Abstract]
Amortized cost	255,211	240,921
Gross unrealized gains	175	23
Gross unrealized losses	(13,528)	(16,310)
Fair value	241,858	224,634
U.S. Agency MBS and CMOs [Member]
Available for Sale, Debt Securities [Abstract]
Amortized cost	134,956	128,165
Gross unrealized gains	81	0
Gross unrealized losses	(12,793)	(14,347)
Fair value	122,244	113,818
Tax-Exempt State and Municipal Bonds [Member]
Available for Sale, Debt Securities [Abstract]
Amortized cost	37,142	37,198
Gross unrealized gains	77	10
Gross unrealized losses	(270)	(498)
Fair value	36,949	36,710
Taxable State and Municipal Bonds [Member]
Available for Sale, Debt Securities [Abstract]
Amortized cost	119,862	120,647
Gross unrealized gains	149	49
Gross unrealized losses	(6,874)	(8,525)
Fair value	113,137	112,171
Corporate Bonds and Other Debt Securities [Member]
Available for Sale, Debt Securities [Abstract]
Amortized cost	12,112	12,387
Gross unrealized gains	4	0
Gross unrealized losses	(345)	(463)
Fair value	$ 11,771	$ 11,924

- Definition

Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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