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," "Macatawa" and "Company" mean Macatawa Bank Corporation and its subsidiaries, unless the context indicates another meaning. The term "Bank" means Macatawa Bank. Macatawa Bank Corporation is a Michigan corporation and a registered bank holding company. It wholly-owns Macatawa Bank, Macatawa Statutory Trust I and Macatawa Statutory Trust II. Macatawa Bank is a Michigan chartered bank with depository accounts insured by the FDIC. The Bank operates twenty-six branch offices and a lending and operational service facility, providing a full range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Statutory Trusts I and II are grantor trusts and have issued $20.0 million each of pooled trust preferred securities. These trusts are not consolidated in our Consolidated Financial Statements.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20170.480.06020.83
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.08Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap0.96
Net Inc/Inv Cap0.01Total Liab/Comm Equity7.91
Pretax Inc/Net Sales0.36Interest Coverage Ratio9.66
Net Inc/Net Sales0.22Curr Debt/Equity0.53
Cash Flow/Net Sales0.30LTD/EquityNA
SG&A/NetSales0.57Total Debt/Equity0.53
Asset Utilization   Liquidity  
Net Receivables Turnover17.12Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E1.61  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 20.15 19.57 18.93 18.52
Cost of Goods Sold 0.99 0.84 0.73 0.56
Selling & Admin Exps 11.23 11.06 10.56 10.59
Operating Income NA NA NA NA
Interest Exp 0.84 0.80 0.76 0.78
Pretax Income 6.98 6.67 7.03 6.89
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 5.76 2.19 4.88 4.76

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 447.19 479.57 447.56 410.41
Receivables - Total 5.20 4.68 4.53 4.08
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 46.11 46.63 46.82 48.63
Total Assets 1,863.78 1,890.23 1,803.05 1,759.06
Liabilities        
Accounts Payable 5.63 4.88 10.05 4.88
Debt in Current Liabilities 80.67 92.12 72.12 82.79
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,688.40 1,717.25 1,629.58 1,588.89
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 217.57 217.08 217.10 216.96
Retained Earnings 0.00 0.00 0.00 0.00
Treasury Stock NA NA NA NA
Total Stockholders' Equity 175.38 172.99 173.46 170.18
Total Liabilities and Stockholders' Equity 1,863.78 1,890.23 1,803.05 1,759.06

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 7.59 3.85 8.66 4.88
Net Cash Provided by Investing Activities -6.95 -93.27 -27.90 21.15
Net Cash Provided by Financing Activities -31.25 91.00 33.86 5.50

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201364.769.55-0.29
12/201463.2010.470.31
12/201567.1812.790.38
12/201671.5715.950.47
12/201775.1016.290.48
Growth Rates3.7714.29--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/187510,33030.37




Report Date : 7/16/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.