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Macatawa Bank (MCBC) Annual Income Statement

Annual · GAAP · USD millions
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By examining income statement figures across successive periods, users can identify shifts in Macatawa Bank's profitability and expense structure.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2023)
2023 		(Dec 31 2022) (Dec 31 2021) (Dec 31 2020) (Dec 31 2019)
Revenues
Interest and Fee Income, Loans and Leases69.54
Interest and Dividend Income, Securities, Operating2.76
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell23.00
Other Income18.51
Total Interest Income113.81
Interest Expense, Deposits25.73
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term0.63
Net Interest (-)Expense / Income-26.36
Net Interest Income87.45
Provision for loan losses0.55
Total Net Interest Income86.90
Revenue From Contract With Customer Including Assessed Tax4.11
Other Non-interest Income2.34
Loss / Gain on Investment0.07
Other Non-Interest Income9.98
Total Non-interest Income18.44
Total Revenues105.34
Costs & Expenses
Salaries & employee benefits, SGA29.42
Foreclosed Real Estate Expense0.00
Communications, Occupancy and Information Technology4.21
Professional Fees1.43
Federal Deposit Insurance Corporation Premium Expense1.32
Other Noninterest Expense4.94
Other loss /-income10.28
Total Operating Expenses51.59
Total Costs & Expenses77.96
Income & Taxes
Income /-loss before income taxes53.75
Income taxes expenses/-benefit10.52
Income after income taxes43.22
Net income/-loss of other equity0.00
Income /-loss after income taxes43.22
Net Income/-loss43.22
Income/-loss to shareholder43.22
Earnings Per Share
Basic EPS (excl. extra items)1.26
Basic Net EPS1.26
Basic shares outstanding (Mill. of Units)34.30
Diluted Net EPS1.26
Diluted average shares (Mill. of Units)34.30
Dividend per share0.33
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About Macatawa Bank Corp Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.