Macatawa Bank

The mission of Macatawa Bank is “To provide financial service in an exceptional manner for the mutual benefit of our customers, communities, employees and shareholders.”

We have highly trained and experienced professionals to provide exceptional customer service. With courteous and caring people at the core, the team has developed a real drive and ambition to ensure this level of service is maintained as the Bank grows.

One key benefit of having experienced people on staff is they can make immediate and responsible decisions. There are no endless phone message trails that end up with revolving voicemails outside your community. Customers can call or come into any branch with any issue, and find the right person to resolve it with a sense of urgency that makes them feel important and appreciated.

Macatawa Bank Corporation and its subsidiaries offer a wide range of personal and business financial products and services that include: Personal Banking Services, Retail Lending, Commercial Banking or Deposit Services, Commercial Lending, Treasury Management Services, Personal Trust Services*, Private Banking, Asset Management, Financial Services*, Retirement Planning and Employee Benefit Plans*, and Health Saving Accounts.

Holland, US
Size (employees)
292 (est)-14%
Macatawa Bank was founded in 1997 and is headquartered in Holland, US

Macatawa Bank Office Locations

Macatawa Bank has an office in Holland
Holland, US (HQ)
10753 Macatawa Dr

Macatawa Bank Data and Metrics

Macatawa Bank Financial Metrics

Macatawa Bank's revenue was reported to be $52.5 m in FY, 2016 which is a 6% increase from the previous period.
$, USD

Revenue (FY, 2016)

52.5 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

47.5 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

16 m

EBIT (FY, 2016)

48.9 m

Market capitalization (23-Jun-2017)

318.7 m

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

89.8 m
Macatawa Bank's current market capitalization is $318.7 m.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016


64.8 m63.2 m49.4 m52.5 m

Revenue growth, %


Cost of goods sold

5.3 m5 m

Gross profit

44.1 m47.5 m

Gross profit Margin, %


Operating expense total

47.9 m45.9 m


45.5 m44.7 m47.6 m48.9 m

EBIT margin, %


Interest expense

7.3 m5.6 m

Pre tax profit

13.8 m15 m18.4 m22.2 m

Income tax expense

4.3 m4.6 m5.6 m6.2 m

Net Income

9.5 m10.5 m12.8 m16 m
$, USDFY, 2013FY, 2014FY, 2015FY, 2016


156.9 m129.5 m181.5 m89.8 m

Accounts Receivable

3.2 m3.4 m3.6 m4.1 m

Total Assets

1.5 b1.6 b1.7 b1.7 b

Retained Earnings

(81.8 m)(74 m)(64.9 m)(53 m)

Total Equity

132.5 m142.5 m152 m162.2 m

Financial Leverage

11.5 x11.1 x11.4 x10.7 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.5 m10.5 m12.8 m16 m

Depreciation and Amortization

3.1 m3.1 m3 m2.8 m

Accounts Payable

(3.7 m)

Cash From Operating Activities

16.3 m16.6 m14 m16.9 m

Purchases of PP&E

(42.6 m)(43.9 m)(59.8 m)(89.2 m)

Cash From Investing Activities

(41 m)(95.8 m)(95.3 m)(105.3 m)

Dividends Paid

(2.7 m)(3.7 m)(4 m)

Cash From Financing Activities

(44.8 m)51.8 m133.3 m(3.2 m)

Interest Paid

11.9 m5.6 m5.3 m5 m

Income Taxes Paid

120 k90 k4.3 m6.2 m
$, USDY, 2016


153.1 k

Financial Leverage

10.7 x

Macatawa Bank Market Value History

Macatawa Bank Online and Social Media Presence

Macatawa Bank Company Life and Culture

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