Macatawa Bank Corporation (MCBC) financial statements (2021 and earlier)

Company profile

Business Address 10753 MACATAWA DRIVE
HOLLAND, MI 49424
State of Incorp. MI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32513128413137
Cash and cash equivalents32513128413137
Total current assets:32513128413137
Noncurrent Assets
Property, plant and equipment43444445454646
Deferred income tax assets2   
Total noncurrent assets:45444445454646
Other undisclosed assets1,9912,0501,9031,8531,8901,8431,790
TOTAL ASSETS:2,0692,1441,9781,9261,9751,9191,873
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    101021
Total current liabilities:    101021
Noncurrent Liabilities
Other undisclosed liabilities1,8511,9331,7731,7281,7741,7251,672
Total liabilities:1,8511,9331,7731,7281,7841,7351,693
Stockholders' equity
Stockholders' equity attributable to parent217212206198191184180
Common stock218218218218218218218
Accumulated other comprehensive income (loss)221(0)(2)(4)(4)
Accumulated deficit(2)(8)(14)(19)(25)(29)(34)
Total stockholders' equity:217212206198191184180
TOTAL LIABILITIES AND EQUITY:2,0692,1441,9781,9261,9751,9191,873

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues19202019191817
Net investment income18191919181817
Cost of revenue    (0)  
Gross profit:19202019181817
Operating expenses(2)(2)(2)(2)(2)(2)(2)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111011
Operating income:17181817161615
Nonoperating income
(Bank Owned Life Insurance Income)
0000000
Interest and debt expense(3)(3)(3)(3)(3)(3)(2)
Income from continuing operations before equity method investments, income taxes:15151515141413
Other undisclosed loss from continuing operations before income taxes(5)(5)(5)(5)(5)(5)(5)
Income from continuing operations before income taxes:1010109988
Income tax expense(2)(2)(2)(2)(2)(2)(1)
Net income available to common stockholders, diluted:8888777

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:8888777
Comprehensive income:8888777
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0222(1)(0)
Comprehensive income, net of tax, attributable to parent:89109966

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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