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

Note 10 - Other Borrowed Funds (Details Textual)

v3.24.0.1

Note 10 - Other Borrowed Funds (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 473,100	$ 446,100
Advance from Federal Home Loan Bank	30,000	30,000
Financing Receivable, after Allowance for Credit Loss	1,320,944	1,162,463
Federal Reserve Bank Advances [Member]
Short-Term Debt	0	0
Debt Instrument, Unused Borrowing Capacity, Amount	1,100	5,500
Federal Reserve Bank Advances [Member] \| Asset Pledged as Collateral [Member]
Financing Receivable, after Allowance for Credit Loss	1,100	5,800
Putable Advances [Member]
Advance from Federal Home Loan Bank	20,000	$ 20,000
Bank Term Funding Program [Member] \| Federal Reserve Bank Advances [Member]
Debt Instrument, Unused Borrowing Capacity, Amount	631,200
Financing Receivable, after Allowance for Credit Loss	$ 0

- Definition

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 unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date.

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Amount of the collateral pledged in support of federal home loan bank advances outstanding.

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Amortized cost, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

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Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

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