MACATAWA BANK CORP MCBC Cash Flow

Macatawa bank corp (MCBC)

CashFlow / TTM

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
30,744	31,979	30,850	29,545	28,270	26,379	21,530	19,552	17,587	16,292	18,205	17,934	16,916	15,951	15,382	13,979	13,449	12,794	11,574	11,135	10,674	10,473	10,389	9,865	9,715	9,549	28,549	32,896	33,478	35,490	15,342	9,808	9,023	5,829	0	0	0
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
2,301	2,212	2,343	2,633	2,660	2,562	2,744	2,569	2,282	2,285	2,091	2,375	2,683	2,805	2,951	2,850	2,944	2,969	2,868	3,103	3,049	3,139	3,244	3,173	3,041	3,067	3,060	3,006	3,066	2,970	2,980	2,994	3,040	3,117	0	0	0
Stock compensation expense
477	427	403	403	400	452	449	450	462	465	467	486	503	536	522	514	504	478	473	433	390	338	295	245	199	160	103	71	39	9	9	28	49	66	0	0	0
Provision for loan losses
500	-450	400	400	300	450	-400	-750	-950	-1,350	-1,600	-1,500	-1,750	-1,350	-2,850	-2,850	-2,600	-3,500	-2,350	-2,850	-3,350	-3,350	-3,750	-4,500	-4,500	-4,250	-3,750	-3,500	-4,250	-7,100	-6,600	-6,600	-6,850	-4,700	0	0	0
Origination of loans for sale
104,756	82,281	63,987	49,191	35,648	33,907	35,596	36,809	45,165	56,985	72,307	99,201	101,462	103,385	99,472	86,473	95,443	99,998	98,634	98,172	82,840	73,516	68,375	71,588	92,326	107,988	130,383	143,899	143,403	140,151	126,082	114,937	94,323	84,470	0	0	0
Proceeds from sales of loans originated for sale
106,088	81,749	64,611	49,622	36,130	35,624	38,729	40,965	49,219	59,532	74,183	100,023	103,919	107,004	103,265	92,890	98,241	102,494	99,427	97,224	83,070	75,023	72,267	76,479	98,095	116,757	141,298	149,140	151,225	135,929	122,902	111,056	88,467	87,709	0	0	0
Net gains on mortgage loans
2,786	2,347	1,941	1,386	994	924	934	1,033	1,287	1,574	2,062	2,868	2,965	3,024	2,911	2,441	2,689	2,925	2,783	2,757	2,404	1,939	1,814	1,747	1,987	2,554	2,835	3,164	3,236	2,882	2,527	2,282	1,764	1,728	0	0	0
Gain on sales of securities
-	-	-	-	-	-	-	-	0	3	28	28	38	124	109	145	135	129	143	107	148	75	91	91	110	120	80	94	93	73	0	0	0	-	-	-	-
Write-down of other real estate
35	14	42	42	53	323	335	335	345	129	275	494	899	964	1,002	655	335	724	1,010	1,586	1,843	1,623	1,616	2,616	2,841	2,922	3,404	2,653	3,925	5,236	5,790	8,078	8,870	9,879	0	0	0
Gain / (loss) on sales of other real estate owned
0	-	0	0	0	-	0	0	0	-	940	855	702	645	-798	-871	-901	-926	0	0	0	-	-	-	-	1,098	934	535	167	-59	335	790	1,397	1,515	0	0	0
Net gain on sales of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations, excluding increase (decrease) in valuation allowance.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
-	-	-	-	-	-	3,290	3,048	5,097	4,974	3,358	3,442	1,172	942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in net deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,835	-4,215	-6,469	-4,150	15,640	16,575	20,000	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.
3,112	2,037	5,541	2,259	2,784	1,841	620	1,803	1,930	-59	1,237	117	-408	1,585	871	1,026	621	1,323	1,244	396	488	-1,555	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued interest receivable and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	779	171	-627	1,980	0	0	0
Earnings in bank-owned life insurance
978	972	964	952	940	942	954	963	969	969	959	856	771	977	908	932	945	663	677	683	686	678	678	683	697	713	729	758	794	847	889	924	951	943	0	0	0
Change in accrued expenses and other liabilities
2,698	1,193	5,024	3,081	3,185	1,161	-3,272	586	324	241	2,592	-2,054	-1,517	-108	1,258	1,975	2,032	-910	1,069	-1,807	-720	1,737	-4,142	-3,691	-1,393	-3,694	-3	3,080	-2,358	1,153	2,183	607	3,003	889	0	0	0
Net cash from operating activities
30,973	29,720	30,958	31,909	30,719	29,635	25,562	26,363	24,973	22,779	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	12,243	6,808	7,794	12,153	0	0	0
Cash flows from investing activities
Net cash from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,377	-	11,287	7,976	10,510	16,618	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and payments, net
9,277	-20,805	32,602	16,035	59,105	85,816	84,230	75,809	58,845	38,629	22,752	38,697	48,920	81,988	43,358	81,372	81,747	80,350	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,822	-31,400	20,472	7,741	-14,193	18,449	1,584	8,657	0	0	0	-	-	-	-
Change in interest-bearing deposits in other financial institutions
-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	20,000	20,000	20,000	0	0	12,500	12,500	5,000	5,000	-7,500	-7,500	-25,000	-25,000	-25,000	-25,000	0	0	0	0	-	-	-	-
Loan originations and payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchases of securities available for sale
103,000	58,403	33,399	30,164	31,186	34,391	37,699	66,506	61,728	62,093	65,461	60,272	76,224	89,159	97,378	83,773	71,019	59,807	43,428	42,276	41,017	43,882	43,134	36,755	47,407	42,594	50,789	74,836	78,969	115,248	117,881	118,990	107,316	72,944	0	0	0
Purchases of securities held to maturity
25,856	20,478	17,777	14,605	2,816	7,623	33,760	45,062	47,852	42,547	0	0	0	-	-	-	-	36,547	24,592	37,051	35,551	25,225	25,610	18,632	18,632	19,732	19,347	5,100	5,100	4,000	0	0	0	-	-	-	-
Proceeds From [Abstract]
Maturities and calls of securities
90,432	72,188	49,460	32,383	29,848	31,706	33,048	54,319	44,427	40,726	45,035	49,344	62,526	68,952	77,545	68,592	54,744	47,056	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and calls of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,340	12,376	13,159	20,847	22,748	33,261	40,042	37,613	45,120	30,977	27,495	0	0	0
Sales of securities available for sale
-	-	-	-	-	-	-	-	2,367	5,807	7,888	7,888	5,751	11,729	10,425	18,210	17,980	20,625	25,620	17,835	22,438	10,936	6,627	6,627	5,199	5,241	0	0	0	-	-	-	-	-	-	-	-
The cash inflow associated with the principal paydowns on securities.
13,167	11,053	8,175	17,248	17,397	17,322	16,878	6,629	6,643	5,992	5,717	5,667	4,357	4,159	3,809	3,591	3,662	3,670	3,866	3,919	3,771	3,642	3,565	4,485	5,115	6,100	6,885	6,139	5,325	3,884	2,364	1,221	522	273	0	0	0
Proceeds from sales of other real estate owned
0	-	0	0	0	-	0	0	0	-	7,411	7,627	4,184	5,339	12,082	11,891	11,563	11,540	6,136	8,087	10,438	12,487	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,848	18,280	16,513	18,729	18,596	18,797	20,973	21,540	0	0	0
Death benefit from bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	518	518	518	518	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to premises and equipment
1,097	1,041	1,390	1,560	1,709	1,283	1,351	1,187	871	1,191	1,248	1,255	1,496	1,188	1,069	1,142	1,074	1,170	1,016	1,385	1,424	1,766	2,845	2,428	2,717	2,407	1,272	1,189	906	707	919	905	1,002	1,031	0	0	0
Net cash from investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71,914	-	-142,372	-101,334	-112,660	-95,806	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from investing activities
-34,696	25,122	-26,452	-11,229	-44,961	-77,198	-104,161	-123,266	-106,972	-83,159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-13,921	-15,192	2,875	72,507	0	0	0
Cash flows from financing activities
Change in deposits
87,516	76,555	202,397	80,645	56,992	97,729	111,565	120,471	127,726	130,286	147,551	104,912	92,312	13,212	-8,222	27,265	20,318	129,187	150,760	112,089	103,738	56,591	-71,952	16,146	-14,612	-36,527	43,293	-35,939	16,919	70,972	47,846	46,324	-7,617	-13,159	0	0	0
Decrease in brokered deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-48,172	0	0	0
Repayments and maturities of other borrowed funds
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,803	37,153	47,153	57,103	61,781	46,781	46,781	46,733	0	0	0
Repayments and maturities of other borrowed funds
-	-	-	-	-	-	42,118	42,118	42,118	32,055	32,055	42,055	22,055	21,996	21,996	1,996	1,996	1,938	1,938	1,938	1,938	1,884	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other borrowed funds
10,000	10,000	10,000	25,000	30,000	20,000	40,000	25,000	20,000	40,000	20,000	20,000	30,000	10,000	10,000	10,000	0	10,000	10,000	10,000	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	102	102	102	0	0	0	0	-	-	-	-	-	-	-	-
Repurchase of shares for taxes withheld on vested restricted stock
112	101	136	136	131	136	183	188	188	183	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from option exercises
-	-	-	-	-	386	420	454	454	68	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
9,853	9,511	9,507	9,160	8,818	8,481	7,798	7,464	6,772	6,088	5,404	4,730	4,394	4,049	4,051	4,045	4,037	3,702	3,354	3,019	2,689	2,689	2,028	1,352	677	0	0	0	0	-	-	-	-	-	-	-	-
Net cash from financing activities
66,932	46,324	182,754	65,682	27,376	57,380	101,886	96,155	99,102	132,028	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-17,630	-13,927	-66,656	-77,745	0	0	0
Net change in cash and cash equivalents
63,209	101,166	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,061	-	155,299	116,967	108,946	51,751	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39,476	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	17,103	71,648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-20,396	-86,940	-57,313	-16,684	-19,308	-22,311	-55,987	6,915	0	0	0
Supplemental cash flow information
Interest paid
11,886	12,440	12,780	11,640	10,473	9,513	7,962	6,730	5,966	5,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,245	-	5,439	5,500	5,473	5,615	8,598	11,698	11,809	11,886	9,261	6,807	7,577	8,473	9,529	10,645	11,876	13,364	0	0	0
Income taxes paid
7,200	7,200	6,900	5,025	5,300	5,300	4,700	5,000	4,725	4,725	4,725	3,785	6,160	6,160	4,960	3,825	2,725	4,300	4,300	3,715	1,665	90	115	115	120	120	270	230	275	275	0	0	0	-	-	-	-
Supplemental noncash disclosures:
Additions, transfers from loans
0	0	0	0	0	293	353	353	357	120	297	297	293	339	1,321	1,180	1,923	2,520	3,668	4,100	5,077	4,932	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,336	4,197	5,628	9,168	15,345	22,699	29,690	38,358	0	0	0
The fair value of securities purchased not yet settled in noncash investing and financing activities.
1	9,901	1,558	1,747	-253	0	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	553	-2,857	1,626	0	0	0	-	-	-	0	-	-	-	-
Conversion of 300 shares of Preferred Stock Series B to 50,000 shares of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-