Macatawa bank corp (MCBC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income
Loans, including fees

62,010

63,609

63,963

63,311

61,592

58,852

56,337

54,189

52,323

51,068

49,971

49,005

48,099

47,400

46,720

46,132

45,650

44,857

44,147

43,536

42,931

42,911

43,174

43,530

44,476

45,201

46,410

50,947

52,691

54,549

56,355

55,321

57,278

59,334

63,501

67,827

0

0

0

Securities
Taxable

3,929

3,864

3,938

3,915

3,844

3,716

3,573

3,369

3,098

2,869

2,649

2,492

2,411

2,322

2,233

2,178

2,114

2,065

2,034

2,009

2,007

2,006

1,949

1,921

1,870

1,798

1,780

1,718

1,654

1,544

1,272

943

0

-

0

0

-

-

-

Tax-exempt

3,561

3,518

3,460

3,387

3,427

3,464

3,213

2,941

2,582

2,244

2,152

2,029

1,924

1,819

1,768

1,711

1,646

1,557

1,447

1,362

1,250

1,161

1,062

964

855

742

629

520

430

330

219

117

0

-

0

0

-

-

-

FHLB Stock

578

614

605

577

541

578

572

564

564

491

490

490

491

491

492

490

479

472

454

439

432

471

464

457

450

393

392

378

365

351

0

0

0

-

-

-

-

-

-

Taxable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Tax-exempt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

FHLB Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

269

256

0

0

0

Federal funds sold and other short-term investments

4,169

4,337

4,036

3,420

2,803

2,427

2,007

1,578

1,280

1,004

750

492

414

467

500

507

494

435

410

393

409

439

484

506

506

486

456

454

470

502

543

569

576

616

618

527

0

0

0

Total interest income

74,247

75,942

76,002

74,610

72,207

69,037

65,702

62,641

59,847

57,676

56,012

54,508

53,339

52,499

51,713

51,018

50,383

49,386

48,492

47,739

47,029

46,988

47,133

47,378

48,157

48,620

49,667

54,017

55,610

57,276

58,804

57,435

59,025

60,779

64,687

69,324

0

0

0

Interest expense
Deposits

8,201

8,854

8,923

8,189

7,143

5,881

4,764

3,887

3,125

2,612

2,208

1,907

1,789

1,771

1,793

1,883

2,054

2,210

2,352

2,445

2,455

2,576

2,946

3,285

3,647

3,993

4,171

4,614

5,157

5,721

6,412

7,120

8,011

9,273

11,456

14,043

0

0

0

Other borrowings

1,391

1,369

1,385

1,358

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

1,885

2,232

2,263

2,254

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

-

-

-

-

-

-

-

-

1,394

1,407

1,421

1,525

1,625

1,685

1,767

1,798

1,792

1,765

1,743

1,719

1,693

1,709

1,327

1,744

1,762

1,781

908

1,047

1,656

2,374

2,881

3,195

3,434

3,609

5,913

6,646

0

0

0

Long-term debt

-

-

-

-

-

-

-

-

1,785

1,713

1,665

1,594

1,540

1,503

1,440

1,400

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated and long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,712

1,381

1,473

1,563

0

0

0

-

-

-

-

-

-

-

-

-

-

Total interest expense

11,477

12,455

12,562

11,844

10,743

9,411

8,187

7,150

6,304

5,732

5,294

5,026

4,954

4,959

5,003

5,089

5,217

5,306

5,417

5,481

5,460

5,596

5,985

6,410

6,882

7,337

7,630

8,212

8,946

9,814

10,891

11,913

13,043

14,480

17,369

20,689

0

0

0

Net interest income

62,770

63,487

63,440

62,766

61,464

59,626

57,515

55,491

53,543

51,944

50,718

49,482

48,385

47,540

46,710

45,929

45,166

44,080

43,075

42,258

41,569

41,392

41,148

40,968

41,275

41,283

42,037

45,805

46,664

47,462

47,913

45,522

45,982

46,299

47,318

48,635

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

-4,150

-1,100

0

0

0

Net interest income after provision for loan losses

62,270

63,937

63,040

62,366

61,164

59,176

57,915

56,241

54,493

53,294

52,318

50,982

50,135

48,890

49,560

48,779

47,766

47,580

45,425

45,108

44,919

44,742

44,898

45,468

45,775

45,533

45,787

49,305

50,914

54,562

54,513

52,122

52,832

50,999

51,468

49,735

0

0

0

Noninterest income
The non-interest income earned through service charges and fees for deposit related services.

4,475

4,415

4,403

4,396

4,378

4,377

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

4,438

4,425

4,440

4,438

4,423

4,377

4,363

4,376

4,344

4,334

4,307

4,216

4,168

4,129

4,131

3,869

3,628

3,471

3,266

3,345

3,538

3,692

3,904

4,078

0

0

0

Net gains on mortgage loans

2,786

2,347

1,940

1,386

994

924

934

1,033

1,287

1,574

2,063

2,869

2,965

3,024

2,910

2,440

2,689

2,925

2,783

2,757

2,404

1,939

1,814

1,747

1,987

2,554

2,836

3,164

3,236

2,882

2,525

2,282

1,764

1,728

1,739

1,441

0

0

0

The non-interest income earned through trust fees.

3,857

3,812

3,697

3,666

3,608

3,643

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount of fees earned on ATM and Bank-issued debit card transactions.

5,764

5,753

5,693

5,650

5,583

5,535

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust fees

-

-

-

-

-

-

-

-

-

-

-

-

3,166

3,096

3,045

2,966

2,901

2,927

2,868

2,826

2,804

2,701

2,617

2,532

2,456

2,413

2,384

2,395

2,368

2,389

2,430

2,479

2,501

2,543

2,610

2,763

0

0

0

ATM and debit card fees

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ATM and debit card fees

-

-

-

-

-

-

-

-

-

-

-

-

-

4,980

4,916

4,864

4,826

4,750

4,778

4,728

4,712

4,654

4,538

4,472

4,401

4,325

4,248

4,193

4,125

4,130

4,099

4,063

4,026

3,963

3,920

3,864

0

0

0

Gain on sale of securities

0

-

0

0

0

-

0

0

0

3

28

28

38

124

109

145

135

129

143

107

148

75

90

90

110

120

81

95

93

73

73

59

0

-

0

0

-

0

0

Earnings in bank-owned life insurance

978

972

965

952

940

942

953

963

969

969

959

856

771

977

908

932

945

663

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

2,499

2,429

2,345

2,279

2,196

2,082

2,171

2,013

1,901

1,923

2,008

2,163

2,324

2,448

2,393

2,345

2,187

2,022

1,508

1,638

1,747

1,833

2,531

2,488

2,566

2,600

2,256

2,375

2,430

2,683

3,094

3,080

3,095

2,966

2,775

2,482

0

0

0

Total noninterest income

20,359

19,728

19,043

18,329

17,699

17,503

17,509

17,310

17,320

17,419

17,864

18,639

18,697

19,074

18,721

18,130

18,106

17,793

17,624

17,443

16,999

16,214

15,897

15,545

15,688

16,141

15,936

16,091

15,880

15,628

15,487

15,308

14,924

14,892

14,948

17,343

0

0

0

Noninterest expense
Salaries and benefits

25,126

24,679

25,159

25,247

25,257

25,207

25,383

25,234

24,998

24,803

24,709

24,664

24,679

24,867

24,715

24,707

24,673

24,668

24,434

24,086

23,496

23,137

22,829

22,853

23,041

23,012

23,282

23,069

23,060

22,986

22,666

22,713

22,590

22,217

22,161

22,047

0

0

0

Occupancy of premises

3,910

3,994

4,002

3,975

3,952

3,931

3,909

3,892

3,910

3,864

3,944

3,923

3,833

3,789

3,675

3,722

3,724

3,714

3,826

3,775

3,804

3,840

3,834

3,845

3,818

3,756

3,714

3,754

3,790

3,815

3,848

3,861

3,909

3,949

3,987

4,015

0

0

0

Furniture and equipment

3,431

3,420

3,384

3,257

3,164

3,125

3,109

3,146

3,123

3,050

3,059

3,034

3,123

3,256

3,282

3,345

3,319

3,237

3,227

3,195

3,133

3,190

3,205

3,221

3,315

3,224

3,180

3,167

3,180

3,259

3,352

3,358

3,329

3,318

3,312

3,388

0

0

0

Legal and professional

1,013

952

853

830

834

806

796

807

789

812

984

938

929

863

672

750

753

833

868

833

880

846

755

751

696

680

676

644

641

664

744

771

913

971

1,122

1,326

0

0

0

Marketing and promotion

929

919

884

884

880

881

890

888

884

882

853

902

952

1,000

945

933

921

951

1,074

1,075

1,084

1,056

1,065

1,046

1,020

990

1,034

1,002

966

929

791

806

820

834

890

877

0

0

0

Data processing

3,010

2,980

2,973

2,985

3,021

2,986

2,930

2,838

2,772

2,759

2,767

2,853

2,810

2,787

2,727

2,605

2,565

2,483

2,460

2,476

2,411

2,423

2,408

2,343

2,349

2,306

2,938

2,637

2,416

2,221

1,320

1,365

1,331

1,284

1,224

1,237

0

0

0

FDIC assessment

119

239

366

493

506

518

526

533

535

539

545

577

663

778

921

1,038

1,107

1,137

1,136

1,140

1,171

1,218

1,260

1,290

1,315

1,458

1,636

1,823

1,957

2,196

2,504

2,842

3,204

3,472

3,893

4,243

0

0

0

Costs associated with interchange and other card expense.

1,416

1,414

1,414

1,428

1,422

1,409

1,388

1,360

1,325

1,306

1,328

1,329

1,313

1,286

1,214

1,184

1,161

1,151

1,150

1,134

1,114

1,109

1,157

1,184

1,280

1,300

0

0

0

-

-

-

-

-

-

-

-

-

-

ATM and debit card processing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,199

1,220

1,223

1,206

1,194

1,121

0

0

0

Bond and D&O Insurance

414

413

419

427

434

440

448

456

464

471

486

499

512

527

541

556

571

584

605

624

641

659

676

697

717

740

769

795

827

909

1,072

1,238

1,401

1,512

1,692

1,866

0

0

0

The net gain (loss) resulting from repossessed and foreclosed properties.

-42

24

725

699

648

207

-596

-380

-63

428

666

361

-197

-318

-249

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB Advance prepayment penalty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Net losses (gains) on repossessed and foreclosed properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,047

1,657

1,580

1,825

2,471

2,118

3,758

5,295

5,449

7,287

7,474

8,371

8,576

6,882

0

0

0

Administration and disposition of problem assets

219

277

256

292

309

276

261

292

368

493

625

722

782

977

1,115

1,298

1,380

1,381

1,540

1,559

1,791

2,072

2,625

2,965

3,454

3,699

3,588

3,854

4,105

4,665

5,464

6,387

6,751

7,230

7,304

6,977

0

0

0

Other

5,079

4,961

4,993

5,089

5,002

4,957

4,948

4,875

5,003

5,137

5,290

5,361

5,326

5,334

5,302

5,227

5,232

5,163

5,507

5,456

5,442

5,361

4,972

4,954

4,858

4,865

4,155

4,283

4,510

4,800

5,653

5,774

5,788

5,698

5,614

5,653

0

0

0

Total noninterest expenses

44,708

44,224

43,978

44,208

44,133

44,329

45,184

44,701

44,234

43,688

43,924

44,441

45,119

45,782

46,909

46,890

46,642

46,953

46,452

46,587

46,603

45,910

45,833

46,806

47,443

47,855

48,720

48,746

50,757

53,283

54,384

57,622

58,733

60,062

60,969

59,632

0

0

0

Income before income tax

37,921

39,441

38,105

36,487

34,730

32,350

30,240

28,850

27,579

27,025

26,258

25,180

23,713

22,182

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

14,962

14,207

14,020

13,819

13,003

16,650

16,037

16,907

15,616

9,808

9,023

5,829

5,447

7,446

0

0

0

Income tax expense

7,177

7,462

7,254

6,942

6,460

5,971

8,710

9,297

9,992

10,733

8,054

7,247

6,797

6,231

5,990

6,040

5,781

5,626

5,024

4,830

4,641

4,573

4,571

4,340

4,305

4,270

-15,545

-16,245

-17,441

-18,583

275

0

0

0

0

1,303

0

0

0

Net income

30,744

31,979

30,851

29,545

28,270

26,379

21,530

19,553

17,587

16,292

18,204

17,933

16,916

15,951

15,382

13,979

13,449

12,794

11,573

11,134

10,674

10,473

10,391

9,867

9,715

9,549

28,548

32,895

33,478

35,490

15,341

9,808

9,023

5,829

5,447

6,143

0

0

0

Dividends declared on preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Net income available to common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,548

32,895

33,478

35,490

15,341

9,808

9,023

5,829

5,447

6,143

0

0

0

Basic earnings per common share (in dollars per share)

0.19

0.24

0.24

0.24

0.22

0.21

0.20

0.20

0.17

0.07

0.14

0.14

0.13

0.12

0.14

0.11

0.10

0.12

0.09

0.09

0.08

0.07

0.08

0.08

0.08

-0.56

0.08

0.10

0.09

0.78

0.24

0.12

0.17

0.02

0.04

0.13

0.07

0.04

0.10

Diluted earnings per common share (in dollars per share)

0.19

0.24

0.24

0.24

0.22

0.21

0.20

0.20

0.17

0.07

0.14

0.14

0.13

0.12

0.14

0.11

0.10

0.12

0.09

0.09

0.08

0.07

0.08

0.08

0.08

-0.56

0.08

0.10

0.09

0.78

0.24

0.12

0.17

0.02

0.04

0.13

0.07

0.04

0.10

Cash dividends per common share (in dollars per share)

0.08

0.07

0.07

0.07

0.07

0.07

0.06

0.06

0.06

0.05

0.05

0.04

0.04

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.02

-

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.02

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00