MACATAWA BANK CORP MCBC Cash Flow

Macatawa bank corp (MCBC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income
6,411	8,172	8,158	8,003	7,646	7,043	6,853	6,728	5,755	2,194	4,875	4,763	4,460	4,107	4,604	3,745	3,495	3,538	3,201	3,215	2,840	2,318	2,762	2,754	2,639	2,234	2,238	2,604	2,473	21,234	6,585	3,186	4,485	1,086	1,051	2,401	1,291
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
721	537	347	696	632	668	637	723	534	850	462	436	537	656	746	744	659	802	645	838	684	701	880	784	774	806	809	652	800	799	755	712	704	809	769	758	781
Stock compensation expense
109	153	110	105	59	129	110	102	111	126	111	114	114	128	130	131	147	114	122	121	121	109	82	78	69	66	32	32	30	9	0	0	0	9	19	21	17
Provision for loan losses
700	0	0	-200	-250	850	0	-300	-100	0	-350	-500	-500	-250	-250	-750	-100	-1,750	-250	-500	-1,000	-600	-750	-1,000	-1,000	-1,000	-1,500	-1,000	-750	-500	-1,250	-1,750	-3,600	0	-1,250	-2,000	-1,450
Origination of loans for sale
29,356	28,572	24,894	21,934	6,881	10,278	10,098	8,391	5,140	11,967	11,311	16,747	16,960	27,289	38,205	19,008	18,883	23,376	25,206	27,978	23,438	22,012	24,744	12,646	14,114	16,871	27,957	33,384	29,776	39,266	41,473	32,888	26,524	25,197	30,328	12,274	16,671
Proceeds from sales of loans originated for sale
31,334	27,292	25,418	22,044	6,995	10,154	10,429	8,552	6,489	13,259	12,665	16,806	16,802	27,910	38,505	20,702	19,887	24,171	28,130	26,053	24,140	21,104	25,927	11,899	16,093	18,348	30,139	33,515	34,755	42,889	37,981	35,600	19,459	29,862	26,135	13,011	18,701
Net gains on mortgage loans
650	697	825	614	211	291	270	222	141	301	369	476	428	789	1,175	573	487	676	705	821	723	534	679	468	258	409	612	708	825	690	941	780	471	335	696	262	435
Gain on sales of securities
-	-	-	-	-	-	-	-	0	0	0	0	3	25	0	10	89	10	36	0	83	24	0	41	10	40	0	60	20	0	14	59	0	-	-	-	-
Write-down of other real estate
31	4	0	0	10	32	0	11	280	44	0	21	64	190	219	426	129	228	-128	106	518	514	448	363	298	507	1,448	588	379	989	697	1,860	1,690	1,543	2,985	2,652	2,699
Gain / (loss) on sales of other real estate owned
0	-	0	34	45	-	-26	-6	-126	-	190	321	149	280	105	168	92	-1,163	32	138	67	-	-	-	-	94	390	294	320	-70	-9	-74	94	324	446	533	212
Net gain on sales of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	484	-	-	-	-	-	-	-	-	-	-	-	-
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations, excluding increase (decrease) in valuation allowance.
-271	-	-	-	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
-	-	-	-	-	-	138	142	285	2,725	-104	2,191	162	1,109	-20	-79	-68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in net deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-744	-592	-	-555	-1,171	-1,177	-932	-935	-3,425	1,142	18,858	0	0	0	-	-	-	-
The net change during the reporting period in the amount due from borrowers for interest payments and other operating assets not otherwise defined in the taxonomy.
3,138	-3,136	2,956	154	2,063	368	-326	679	1,120	-853	857	806	-869	443	-263	281	1,124	-271	-108	-124	1,826	-350	-956	-32	-217	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued interest receivable and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,073	2,437	-1,473	-	529	-1,129	-450	1,829	-79	-1,927	2,157
Earnings in bank-owned life insurance
242	235	252	249	236	227	240	237	238	239	249	243	238	229	146	158	444	160	170	171	162	174	176	174	154	174	181	188	170	190	210	224	223	232	245	251	215
Change in accrued expenses and other liabilities
4,276	-3,198	1,890	-270	2,771	633	-53	-166	747	-3,800	3,805	-428	664	-1,449	-841	109	2,073	-83	-124	166	-869	1,896	-3,000	1,253	1,588	-3,983	-2,549	3,551	-713	-292	534	-1,887	2,798	738	-1,042	509	684
Net cash from operating activities
9,925	6,682	6,907	7,459	8,672	7,920	7,858	6,269	7,588	3,847	8,659	4,879	5,394	-	-	-	-	-	-	-	-	-	-	-	-	-	3,485	6,296	6,194	-	2,466	4,973	-1,326	6,130	-2,969	5,959	3,033
Cash flows from investing activities
Net cash from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,103	-	5,573	1,479	727	3,508	2,262	4,013	6,835	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and payments, net
8,725	8,345	33,456	-41,249	-21,357	61,752	16,889	1,821	5,354	60,166	8,468	-15,143	-14,862	44,289	24,413	-4,920	18,206	5,659	62,427	-4,545	16,809	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,220	-14,472	12,297	-13,427	-15,798	37,400	-434	-35,361	16,844	20,535	6,639	-	-	-	-
Change in interest-bearing deposits in other financial institutions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	0	0	0	0	0	12,500	0	-7,500	0	0	0	-25,000	0	0	0	0	-	-	-	-
Loan originations and payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45,092
Purchases of securities available for sale
49,894	35,380	8,154	9,572	5,297	10,376	4,919	10,594	8,502	13,684	33,726	5,816	8,867	17,052	28,537	21,768	21,802	25,271	14,932	9,014	10,590	8,892	13,780	7,755	13,455	8,144	7,401	18,407	8,642	16,339	31,448	22,540	44,921	18,972	32,557	10,866	10,549
Purchases of securities held to maturity
5,876	2,700	5,281	11,999	498	-1	2,109	210	5,305	26,136	13,411	3,000	0	-	-	-	-	11,955	12,766	1,500	10,326	0	25,225	0	0	385	18,247	0	1,100	0	4,000	0	0	-	-	-	-
Proceeds From [Abstract]
Maturities and calls of securities
26,544	26,349	20,697	16,842	8,300	3,621	3,620	14,307	10,158	4,963	24,891	4,415	6,457	9,272	29,200	17,597	12,883	17,865	20,247	3,749	5,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and calls of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,594	2,906	742	4,098	4,630	3,689	8,430	5,999	15,143	10,470	6,001	13,506	1,000	6,988
Sales of securities available for sale
-	-	-	-	-	-	-	-	0	0	0	2,367	3,440	2,081	0	230	9,418	777	7,785	0	12,063	5,772	0	4,603	561	1,463	0	3,175	603	-	-	-	-	-	-	-	-
The cash inflow associated with the principal paydowns on securities.
3,949	4,729	2,380	2,109	1,835	1,851	11,453	2,258	1,760	1,407	1,204	2,272	1,109	1,132	1,154	962	911	782	936	1,033	919	978	989	885	790	901	1,909	1,515	1,775	1,686	1,163	701	334	166	20	2	85
Proceeds from sales of other real estate owned
91	-	-42	228	154	-	381	1,334	431	-	626	5,281	320	1,184	842	1,838	1,475	7,927	651	1,510	1,452	2,523	2,602	3,861	3,501	-	-	-	-	-	-	-	-	-	-	-	-
Sales of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,407	5,937	2,201	5,303	4,839	4,170	4,417	5,170	5,040	6,346	4,984
Death benefit from bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	518	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to premises and equipment
624	40	160	273	568	389	330	422	142	457	166	106	462	514	173	347	154	395	246	279	250	241	615	318	592	1,320	198	607	282	185	115	324	83	397	101	421	112
Net cash from investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,043	-	-60,752	-276	-18,346	-62,998	-19,714	-11,602	-1,492	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from investing activities
-34,535	-14,729	-24,016	38,584	25,283	-66,303	-8,793	4,852	-6,954	-93,266	-27,898	21,146	16,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-33,230	33,643	-27,190	-	-6,173	21,735	-23,144	-6,339	-7,444	39,802	46,488
Cash flows from financing activities
Change in deposits
-47,914	-66,846	159,034	43,242	-58,875	58,996	37,282	19,589	-18,138	72,832	46,188	26,844	-15,578	90,097	3,549	14,244	-94,678	68,663	39,036	7,297	14,191	90,236	365	-1,054	-32,956	-38,307	88,463	-31,812	-54,871	41,513	9,231	21,046	-818	18,387	7,709	-32,895	-6,360
Decrease in brokered deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,656	-9,707	-29,214	-5,595
Repayments and maturities of other borrowed funds
0	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,317	0	1,164	20,322	15,667	10,000	11,114	25,000	667	10,000	11,066
Repayments and maturities of other borrowed funds
-	-	-	-	-	-	10,667	20,000	11,451	0	10,667	20,000	1,388	0	20,667	0	1,329	0	667	0	1,271	0	667	0	1,217	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other borrowed funds
10,000	0	0	0	10,000	0	15,000	5,000	0	20,000	0	0	20,000	0	0	10,000	0	0	0	0	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	102	0	0	0	0	-	-	-	-	-	-	-	-
Repurchase of shares for taxes withheld on vested restricted stock
11	96	0	5	0	131	0	0	5	178	5	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from option exercises
-	-	-	-	-	0	0	0	386	34	34	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
2,720	2,378	2,372	2,383	2,378	2,374	2,025	2,041	2,041	1,691	1,691	1,349	1,357	1,007	1,017	1,013	1,012	1,009	1,011	1,005	677	661	676	675	677	0	0	0	0	-	-	-	-	-	-	-	-
Net cash from financing activities
-40,645	-89,939	156,662	40,854	-61,253	46,491	39,590	2,548	-31,249	90,997	33,859	5,495	1,677	-	-	-	-	-	-	-	-	-	-	-	-	-	86,146	-31,812	-56,035	-	-6,436	11,046	-11,932	-10,308	-2,733	-41,683	-23,021
Net change in cash and cash equivalents
-65,255	-97,986	139,553	86,897	-27,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97,019	-	37,358	6,292	22,243	89,406	-974	-1,729	-34,952	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86,873	-	-17,821	7,495	4,624	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-30,615	1,578	14,620	31,520	23,930	-	-	-	-	-	-	-	-	-	-	-	-29,609	-	56,401	8,127	-77,031	-7,893	-10,143	37,754	-36,402	-10,517	-13,146	4,078	26,500
Supplemental cash flow information
Interest paid
2,234	2,794	3,599	3,259	2,788	3,134	2,459	2,092	1,828	1,583	1,227	1,328	1,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,270	-	1,320	1,411	1,347	1,361	1,381	1,384	1,489	4,344	4,481	1,495	1,566	1,719	2,027	2,265	2,462	2,775	3,143	3,496	3,950
Income taxes paid
0	2,100	4,275	825	0	1,800	2,400	1,100	0	1,200	2,700	825	0	1,200	1,760	3,200	0	0	625	2,100	1,575	0	40	50	0	25	40	55	0	175	0	100	0	-	-	-	-
Supplemental noncash disclosures:
Additions, transfers from loans
0	0	0	0	0	0	0	0	293	60	0	4	56	237	0	0	102	1,219	-141	743	699	2,367	291	1,720	554	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	416	483	2,271	166	1,277	1,914	5,811	6,343	8,631	8,905	14,479
The fair value of securities purchased not yet settled in noncash investing and financing activities.
-10,153	9,251	-1,097	2,000	-253	908	-908	0	0	-	1,368	236	-236	-	1,315	-1,012	1,012	-	-190	-1,580	1,250	-	-553	3,966	-3,413	0	0	556	1,070	-	-	-	0	-	-	-	-
Conversion of 300 shares of Preferred Stock Series B to 50,000 shares of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300	-	-	-	-	-	-	-	-