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Macatawa Bank Corp  (MCBC)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Macatawa Bank Corp Income Statement Quarterly

MCBC


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Interest and Fee Income, Loans and Leases 18.64 18.07 17.18 15.66 14.27
Interest and Dividend Income, Securities 0.72 0.67 0.68 0.70 -3.35
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell 5.63 6.41 4.60 6.36 6.48
Other Income 4.65 4.65 4.67 4.55 8.05
Total Interest Income 29.64 29.79 27.12 27.27 25.45
Interest Expense, Deposits 8.04 7.38 5.82 4.49 2.43
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term 0.16 0.16 0.16 0.16 0.16
Total Interest Expense 8.20 7.54 5.97 4.65 2.59
Net Interest Income 21.44 22.24 21.15 22.62 22.87
Provision for loan losses 0.40 -0.15 0.30 - 0.38
Total Net Interest Income 21.04 22.39 20.85 22.62 22.49
Service Fees, Investment Banking, Brokerage and Other Transactions - - - - -
Revenue From Contract With Customer Including Assessed Tax 2.03 1.06 1.02 - -
Profit (Loss) from Real Estate Operations - - - - -
Other Noninterest Income 0.71 0.53 0.48 0.63 0.59
Interest And Dividend Income Securities Taxable - - - - -
Interest And Dividend Income Securities Tax Exempt - - - - -
Interest Income Federal Home Loan Bank Advances 0.10 0.08 0.07 0.07 0.04
Loss/ -Gain on Investment 0.03 0.01 0.02 0.01 0.03
Other Non-Interest Income 4.09 2.52 2.62 0.74 1.29
Interchange And Other Card Expense 0.42 0.43 0.40 0.38 0.40
Trust Fees -1.03 - - 1.03 0.99
A T M And Debit Card Fees -1.66 - - 1.66 1.68
Total Noninterest Income 4.68 4.62 4.61 4.53 5.03
Total Revenues 25.73 27.01 25.46 27.14 27.53
Salaries & employee benefits, SGA 8.28 7.17 7.05 6.92 6.82
Foreclosed Real Estate Expense - - - - -
Communications, Occupancy and Information Technology 0.95 1.02 1.10 1.14 -0.84
Professional Fees 0.45 0.36 0.27 0.35 0.23
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense 0.33 0.33 0.33 0.33 0.21
Other Noninterest Expense 1.36 1.31 1.33 0.94 1.47
Other loss/ -income 2.59 2.60 2.59 2.49 4.55
Total Operating Expenses 13.96 12.79 12.67 12.17 12.45
Total Costs & Expenses 22.16 20.33 18.65 16.82 15.03
Income /-loss before income taxes 11.76 14.22 12.79 14.98 15.08
Income taxes expenses/-benefit 2.27 2.81 2.47 2.98 2.96
Income after income taxes 9.50 11.41 10.31 12.00 12.12
Net income/-loss of other equity - - - - -
Income /-loss after income taxes 9.50 11.41 10.31 12.00 12.12
Noncontrolling Interests - - - - -
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 9.50 11.41 10.31 12.00 12.12
   Noncontrolling interests - - - - -
   Prefered dividends - - - - -
   Other - - - - -
Income/-loss to shareholder 9.50 11.41 10.31 12.00 12.12


Per Share (GAAP Quarterly, in $) (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Basic EPS (excl. extra items) 0.28 0.33 0.30 0.35 0.35
   Extraordinary items 0.00 0.00 0.00 0.00 0.00
Basic Net EPS 0.28 0.33 0.30 0.35 0.35
Basic shares outstanding (Mill. of Units) 33.96 34.58 34.37 34.30 35.01
   EPS other shares - - - - -
Diluted Net EPS 0.28 0.33 0.30 0.35 0.34
Diluted average shares (Mill. of Units) 33.96 34.58 34.37 34.30 34.39
Dividend per share 0.09 0.08 0.08 0.08 0.079



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