MACATAWA BANK CORP financial data

Location
Holland, MI
Fiscal year end
31 December
Latest financial report
10-Q - Q1 2024 - 25 Apr 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 866% % -16%
Return On Equity 15% % -11%
Return On Assets 1.5% % 4.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 34,361,562 shares 0.2%
Common Stock, Shares, Outstanding 34,361,562 shares 0.2%
Common Stock, Value, Issued $220,421,000 USD 0.31%
Weighted Average Number of Shares Outstanding, Basic 34,361,562 shares 0.19%
Weighted Average Number of Shares Outstanding, Diluted 34,361,562 shares 0.19%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $50,910,000 USD 0.51%
Income Tax Expense (Benefit) $9,897,000 USD -0.2%
Net Income (Loss) Attributable to Parent $41,013,000 USD 0.68%
Earnings Per Share, Basic 1 USD/shares 1.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Deferred Income Tax Assets, Net $7,385,000 USD -13%
Property, Plant and Equipment, Net $38,971,000 USD -3.2%
Assets $2,614,906,000 USD -0.84%
Liabilities $2,321,933,000 USD -2.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax $23,919,000 USD 8.9%
Retained Earnings (Accumulated Deficit) $96,471,000 USD 44%
Stockholders' Equity Attributable to Parent $292,973,000 USD 12%
Liabilities and Equity $2,614,906,000 USD -0.84%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $10,116,000 USD -21%
Net Cash Provided by (Used in) Financing Activities $144,411,000 USD 50%
Net Cash Provided by (Used in) Investing Activities $42,424,000 USD
Common Stock, Shares Authorized 200,000,000 shares 0%
Common Stock, Shares, Issued 34,361,562 shares 0.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities $8,334,000 USD 93%
Deferred Tax Assets, Valuation Allowance $0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross $10,298,000 USD -4.8%
Payments to Acquire Property, Plant, and Equipment $903,000 USD 82%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $43,351,000 USD 63%
Current Income Tax Expense (Benefit) $9,432,000 USD -0.26%
Unrecognized Tax Benefits $0 USD
Deferred Tax Assets, Net of Valuation Allowance $10,298,000 USD -4.8%
Interest Expense $30,064,000 USD 237%