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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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|
| Interest income | |||
| Loans, including fees | $ 42,911us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 45,201us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 54,549us-gaap_InterestAndFeeIncomeLoansAndLeases |
| Securities | |||
| Taxable | 2,006us-gaap_InterestIncomeSecuritiesTaxable | 1,798us-gaap_InterestIncomeSecuritiesTaxable | 1,544us-gaap_InterestIncomeSecuritiesTaxable |
| Tax-exempt | 1,161us-gaap_InterestIncomeSecuritiesTaxExempt | 742us-gaap_InterestIncomeSecuritiesTaxExempt | 330us-gaap_InterestIncomeSecuritiesTaxExempt |
| FHLB Stock | 471us-gaap_InterestIncomeFederalHomeLoanBankAdvances | 393us-gaap_InterestIncomeFederalHomeLoanBankAdvances | 351us-gaap_InterestIncomeFederalHomeLoanBankAdvances |
| Federal funds sold and other short-term investments | 439us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell | 486us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell | 502us-gaap_InterestIncomeFederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell |
| Total interest income | 46,988us-gaap_InterestAndDividendIncomeOperating | 48,620us-gaap_InterestAndDividendIncomeOperating | 57,276us-gaap_InterestAndDividendIncomeOperating |
| Interest expense | |||
| Deposits | 2,576us-gaap_InterestExpenseDeposits | 3,993us-gaap_InterestExpenseDeposits | 5,721us-gaap_InterestExpenseDeposits |
| Other borrowings | 1,709us-gaap_InterestExpenseBorrowings | 1,781us-gaap_InterestExpenseBorrowings | 2,374us-gaap_InterestExpenseBorrowings |
| Subordinated and long-term debt | 1,311mcbc_InterestExpenseJuniorSubordinatedDebenturesAndLongTermDebt | 1,563mcbc_InterestExpenseJuniorSubordinatedDebenturesAndLongTermDebt | 1,719mcbc_InterestExpenseJuniorSubordinatedDebenturesAndLongTermDebt |
| Total interest expense | 5,596us-gaap_InterestExpense | 7,337us-gaap_InterestExpense | 9,814us-gaap_InterestExpense |
| Net interest income | 41,392us-gaap_InterestIncomeExpenseNet | 41,283us-gaap_InterestIncomeExpenseNet | 47,462us-gaap_InterestIncomeExpenseNet |
| Provision for loan losses | (3,350)us-gaap_ProvisionForLoanAndLeaseLosses | (4,250)us-gaap_ProvisionForLoanAndLeaseLosses | (7,100)us-gaap_ProvisionForLoanAndLeaseLosses |
| Net interest income after provision for loan losses | 44,742us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 45,533us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 54,562us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
| Noninterest income | |||
| Service charges and fees | 4,334us-gaap_FeesAndCommissionsDepositorAccounts | 4,129us-gaap_FeesAndCommissionsDepositorAccounts | 3,471us-gaap_FeesAndCommissionsDepositorAccounts |
| Net gains on mortgage loans | 1,939us-gaap_GainLossOnSaleOfMortgageLoans | 2,554us-gaap_GainLossOnSaleOfMortgageLoans | 2,882us-gaap_GainLossOnSaleOfMortgageLoans |
| Trust fees | 2,701us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities | 2,413us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities | 2,389us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities |
| ATM and debit card fees | 4,654us-gaap_FeesAndCommissionsCreditCards | 4,325us-gaap_FeesAndCommissionsCreditCards | 4,130us-gaap_FeesAndCommissionsCreditCards |
| Gain on sale of securities | 75us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet | 120us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet | 73us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet |
| Other | 2,511us-gaap_NoninterestIncomeOtherOperatingIncome | 2,600us-gaap_NoninterestIncomeOtherOperatingIncome | 2,683us-gaap_NoninterestIncomeOtherOperatingIncome |
| Total noninterest income | 16,214us-gaap_NoninterestIncome | 16,141us-gaap_NoninterestIncome | 15,628us-gaap_NoninterestIncome |
| Noninterest expense | |||
| Salaries and benefits | 23,137us-gaap_LaborAndRelatedExpense | 23,012us-gaap_LaborAndRelatedExpense | 22,986us-gaap_LaborAndRelatedExpense |
| Occupancy of premises | 3,840us-gaap_OccupancyNet | 3,756us-gaap_OccupancyNet | 3,815us-gaap_OccupancyNet |
| Furniture and equipment | 3,190us-gaap_EquipmentExpense | 3,224us-gaap_EquipmentExpense | 3,259us-gaap_EquipmentExpense |
| Legal and professional | 846us-gaap_ProfessionalFees | 680us-gaap_ProfessionalFees | 664us-gaap_ProfessionalFees |
| Marketing and promotion | 932us-gaap_MarketingAndAdvertisingExpense | 870us-gaap_MarketingAndAdvertisingExpense | 929us-gaap_MarketingAndAdvertisingExpense |
| Data processing | 2,423us-gaap_InformationTechnologyAndDataProcessing | 2,306us-gaap_InformationTechnologyAndDataProcessing | 2,221us-gaap_InformationTechnologyAndDataProcessing |
| FDIC assessment | 1,218us-gaap_FederalDepositInsuranceCorporationPremiumExpense | 1,458us-gaap_FederalDepositInsuranceCorporationPremiumExpense | 2,196us-gaap_FederalDepositInsuranceCorporationPremiumExpense |
| Interchange and other card expense | 1,109mcbc_InterchangeAndOtherCardExpense | 1,300mcbc_InterchangeAndOtherCardExpense | 1,222mcbc_InterchangeAndOtherCardExpense |
| Bond and D&O Insurance | 659us-gaap_GeneralInsuranceExpense | 740us-gaap_GeneralInsuranceExpense | 909us-gaap_GeneralInsuranceExpense |
| FHLB Advance prepayment penalty | 0us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresRepaymentAndPenalties | 0us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresRepaymentAndPenalties | 322us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresRepaymentAndPenalties |
| Net losses on repossessed and foreclosed properties | 999us-gaap_OtherAssetImpairmentCharges | 1,825us-gaap_OtherAssetImpairmentCharges | 5,295us-gaap_OtherAssetImpairmentCharges |
| Administration and disposition of problem assets | 2,072us-gaap_ForeclosedRealEstateExpense | 3,699us-gaap_ForeclosedRealEstateExpense | 4,665us-gaap_ForeclosedRealEstateExpense |
| Other | 5,485us-gaap_OtherNoninterestExpense | 4,985us-gaap_OtherNoninterestExpense | 4,800us-gaap_OtherNoninterestExpense |
| Total noninterest expenses | 45,910us-gaap_NoninterestExpense | 47,855us-gaap_NoninterestExpense | 53,283us-gaap_NoninterestExpense |
| Income before income tax | 15,046us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 13,819us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 16,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Income tax expense (benefit) | 4,573us-gaap_IncomeTaxExpenseBenefit | 4,270us-gaap_IncomeTaxExpenseBenefit | (18,583)us-gaap_IncomeTaxExpenseBenefit |
| Net income | 10,473us-gaap_NetIncomeLoss | 9,549us-gaap_NetIncomeLoss | 35,490us-gaap_NetIncomeLoss |
| Effect of induced exchange of preferred stock | 0us-gaap_PreferredStockConversionsInducements | 17,575us-gaap_PreferredStockConversionsInducements | 0us-gaap_PreferredStockConversionsInducements |
| Net income available to common shares | $ 10,473us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (8,026)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 35,490us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Basic earnings per common share (in dollars per share) | $ 0.31us-gaap_EarningsPerShareBasic | $ (0.29)us-gaap_EarningsPerShareBasic | $ 1.31us-gaap_EarningsPerShareBasic |
| Diluted earnings per common share (in dollars per share) | $ 0.31us-gaap_EarningsPerShareDiluted | $ (0.29)us-gaap_EarningsPerShareDiluted | $ 1.31us-gaap_EarningsPerShareDiluted |
| Cash dividends per common share (in dollars per share) | $ 0.08us-gaap_CommonStockDividendsPerShareDeclared | $ 0us-gaap_CommonStockDividendsPerShareDeclared | $ 0us-gaap_CommonStockDividendsPerShareDeclared |
| X | ||||||||||
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- Definition
Costs associated with interchange and other card expense. No definition available.
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| X | ||||||||||
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- Definition
Interest expense incurred during the reporting period on junior subordinated debentures and long-term debt. No definition available.
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| X | ||||||||||
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- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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| X | ||||||||||
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- Definition
Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of repayments and penalties incurred in the satisfaction or roll-over of Federal Home Loan Bank (FHLB) advance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Income earned from credit card services including late, over limit, and annual fees. This item excludes interest income earned on credit card balances and transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Income from services rendered by trust departments or by any consolidated subsidiaries acting in a fiduciary capacity, including fees earned for (1) acting as an agent for fiduciary placement and loans and (2) custody or investment advisory services when such fees are not separately billed to the customer. This item excludes commissions and fees received for the accumulation or disbursement of funds deposited to Individual Retirement or Keogh plan accounts when such are not handled by the reporting entity's trust department. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense recognized during the period for the foreclosure on real estate assets. No definition available.
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| X | ||||||||||
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- Definition
The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) securities purchased under agreements to resell. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income from Federal Home Loan Bank (FHLBank) advances to member financial institutions. No definition available.
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The excess of (1) the fair value of all securities and other consideration transferred in transactions by the registrant to the holders of the convertible preferred stock over (2) the fair value of securities issuable pursuant to the original conversion terms, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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