Macatawa Bank Corporation (MCBC) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3241352849129157
Cash and cash equivalents3241352849129157
Disposal group, including discontinued operation     2 
Total current assets:3241352849132157
Noncurrent Assets
Property, plant and equipment43454750515354
Long-term investments and receivables     1628
Accounts and financing receivable, after allowance for credit loss     1628
Deferred income tax assets2
Total noncurrent assets:45454750516981
Other undisclosed assets1,9911,8901,8091,6631,6291,3831,279
TOTAL ASSETS:2,0691,9751,8901,7411,7301,5841,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 10 2222 
Total current liabilities: 10 2222 
Noncurrent Liabilities
Other undisclosed liabilities1,8511,7741,7171,5771,5561,4391,385
Total liabilities:1,8511,7841,7171,5791,5781,4411,385
Stockholders' equity
Stockholders' equity attributable to parent217191173162152143133
Common stock218218217217217216216
Accumulated other comprehensive income (loss)2(2)(1)(1)00(2)
Accumulated deficit(2)(25)(43)(53)(65)(74)(82)
Total stockholders' equity:217191173162152143133
TOTAL LIABILITIES AND EQUITY:2,0691,9751,8901,7411,7301,5841,517

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues786972686460 
Net investment income756857524947 
Financial services revenue15161514 
Cost of revenue (0)  (4)(3) 
Provision for loan, lease, and other losses (0)
Financial services costs  (4)(3) 
Gross profit:786972686057 
Operating expenses(9)(9)(34)(34)(33)(35)(30)
Other operating income, net
(Noninterest Income, Other Operating Income)
2222333
Operating income (loss):716240363024(23)
Nonoperating income1111 12
Gains on sales of other real estate     11
Bank owned life insurance income1111 11
Interest and debt expense(12)(9)(6)(5)(5)(6)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (6)(5)42
Income from continuing operations before equity method investments, income taxes:59543532181514
Other undisclosed loss from continuing operations before income taxes(20)(21)(8)(10)   
Income from continuing operations before income taxes:39322722181514
Income tax expense(7)(6)(11)(6)(6)(5)(4)
Net income attributable to parent:32261616131010
Preferred stock dividends and other adjustments      (35)
Other undisclosed net income available to common stockholders, basic      18
Net income (loss) available to common stockholders, diluted:322616161310(8)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:32261616131010
Comprehensive income:32261616131010
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(1)0(2)02(3)
Comprehensive income, net of tax, attributable to parent:3626161413127

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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