Company Information

  

Address: 10753 MACATAWA DRIVE  
City: HOLLAND 
State: MI 
Zip Code: 49424 
Telephone: 616-820-1444 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

As used in this report, the terms "we," "us," "our" and "Company" mean Macatawa Bank Corporation and its subsidiaries, unless the context indicates another meaning. The term "Bank" means Macatawa Bank. Overview Macatawa Bank Corporation is a Michigan corporation and a registered bank holding company. The Company was incorporated in 1997. Our business is concentrated in a single industry segment - commercial banking. Through our wholly-owned subsidiary, Macatawa Bank, we offer a full range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans through our twenty-six branch offices and a lending and operation service facility in Ottawa County, Kent County and northern Allegan County, Michigan. Other services we offer include ATMs, internet banking, telephone banking and debit cards.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20170.540.05019.00
06/20170.530.05018.00
03/20170.500.04019.76
12/20160.470.04022.15
09/20160.460.03017.37
06/20160.410.03018.10
03/20160.400.03015.62
12/20150.380.03015.92

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.07Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap0.95
Net Inc/Inv Cap0.01Total Liab/Comm Equity7.28
Pretax Inc/Net Sales0.31Interest Coverage Ratio7.96
Net Inc/Net Sales0.22Curr Debt/Equity0.52
Cash Flow/Net Sales0.24LTD/EquityNA
SG&A/NetSales0.63Total Debt/Equity0.52
Asset Utilization   Liquidity  
Net Receivables Turnover18.56Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E1.43  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 18.93 18.52 18.08 18.35
Cost of Goods Sold 0.73 0.56 0.48 0.44
Selling & Admin Exps 10.56 10.59 10.66 11.13
Operating Income NA NA NA NA
Interest Exp 0.76 0.78 0.78 0.77
Pretax Income 7.03 6.89 6.43 5.91
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.88 4.76 4.46 4.11

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 447.56 410.41 378.39 355.19
Receivables - Total 4.53 4.08 4.20 4.09
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 46.82 48.63 49.83 50.03
Total Assets 1,803.05 1,759.06 1,748.85 1,741.01
Liabilities        
Accounts Payable 10.05 4.88 5.54 4.64
Debt in Current Liabilities 72.12 82.79 102.79 84.17
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,629.58 1,588.89 1,582.71 1,578.77
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 217.10 216.96 216.85 216.73
Retained Earnings 0.00 0.00 0.00 0.00
Treasury Stock NA NA NA NA
Total Stockholders' Equity 173.46 170.18 166.15 162.24
Total Liabilities and Stockholders' Equity 1,803.05 1,759.06 1,748.85 1,741.01

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 8.66 4.88 5.39 3.27
Net Cash Provided by Investing Activities -27.90 21.15 16.86 -59.91
Net Cash Provided by Financing Activities 33.86 5.50 1.68 88.71

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201272.9035.491.31
12/201364.769.55-0.29
12/201463.2010.470.31
12/201567.1812.790.38
12/201671.5715.950.47
Growth Rates-0.46-18.12--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17719,74028.70




Report Date : 12/11/2017

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