Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank. The Company offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services, mortgage and consumer loans.

Employee Rating

3.9More
TypePublic
HQHolland, US
Founded1997
Size (employees)296 (est)-13%
Websitemacatawabank.com
Macatawa Bank was founded in 1997 and is headquartered in Holland, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Macatawa Bank

Richard L. Postma

Richard L. Postma

Chairman Macatawa Bank Corporation CEO U.S. Signal Co., LLC, Chairman Macatawa Bank Corporation CEO of US Signal Co., LLC
Ronald L. Haan

Ronald L. Haan

President & CEO Macatawa Bank Corporation, Chairman, President & CEO Macatawa Bank, President & CEO
Mark J. Bugge

Mark J. Bugge

CFO VA Enterprises, LLC, CFO VA Enterprises, LLC
Charles A. Geenen

Charles A. Geenen

Partner GDK Construction Company, Partner GDK Construction Company
Robert Lynn Herr

Robert Lynn Herr

CPA Retired, CPA Retired
Birgit Maria Klohs

Birgit Maria Klohs

President the Right Place Inc, President the Right Place Program
Show more

Macatawa Bank Office Locations

Macatawa Bank has an office in Holland
Holland, US (HQ)
10753 Macatawa Dr
Show all (1)
Report incorrect company information

Macatawa Bank Financials and Metrics

Macatawa Bank Revenue

Macatawa Bank's revenue was reported to be $75.10 m in FY, 2017
USD

Revenue (Q3, 2018)

22.2m

Gross profit (Q3, 2018)

19.7m

Gross profit margin (Q3, 2018), %

88.6%

Net income (Q3, 2018)

6.9m

EBIT (Q3, 2018)

15.2m

Market capitalization (14-Dec-2018)

325.5m

Closing stock price (14-Dec-2018)

9.6

Cash (30-Sep-2018)

183.2m

EV

183.6m
Macatawa Bank's current market capitalization is $325.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

64.8m63.2m67.2m71.6m75.1m

Revenue growth, %

(2%)(22%)6%

Cost of goods sold

5.3m5.0m5.7m

Gross profit

61.9m66.6m69.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

16.8m16.9m17.6m17.4m18.2m18.1m18.5m18.9m20.2m21.3m22.2m

Cost of goods sold

1.4m1.3m1.3m1.3m1.2m1.3m1.3m1.5m1.8m2.2m2.5m

Gross profit

15.4m15.6m16.3m16.1m17.0m16.8m17.2m17.4m18.3m19.1m19.7m

Gross profit Margin, %

92%92%93%93%93%93%93%92%91%90%89%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

156.9m129.5m181.5m89.8m161.5m

Accounts Receivable

3.2m3.4m3.6m4.1m

Inventories

Total Assets

1.5b1.6b1.7b1.7b1.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

9.5m10.5m12.8m16.0m16.3m

Depreciation and Amortization

3.1m3.1m3.0m2.8m2.3m

Inventories

Accounts Payable

(3.7m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

7.3m2.6m5.4m8.2m2.8m6.1m9.3m3.5m7.2m11.8m4.5m9.2m14.1m5.8m12.5m19.3m

Depreciation and Amortization

2.3m774.0k1.6m2.4m684.0k1.5m2.2m659.0k1.4m2.1m537.0k973.0k1.4m534.0k1.3m1.9m

Accounts Payable

1.6m

Cash From Operating Activities

16.0m6.8m10.8m13.1m727.0k2.2m7.8m5.1m9.9m13.7m5.4m10.3m18.9m7.6m13.9m21.7m
USDY, 2018

EV/EBIT

12.1 x

EV/CFO

8.5 x

Debt/Equity

0.2 x

Financial Leverage

10.4 x
Show all financial metrics

Macatawa Bank Operating Metrics

Macatawa Bank's Total Loans was reported to be $1.3b in Q2, 2017.
Show all operating metrics
Report incorrect company information

Macatawa Bank Online and Social Media Presence

Embed Graph
Report incorrect company information

Macatawa Bank Company Life and Culture

Report incorrect company information

Macatawa Bank Frequently Asked Questions

  • When was Macatawa Bank founded?

    Macatawa Bank was founded in 1997.

  • Who are Macatawa Bank key executives?

    Macatawa Bank's key executives are Richard L. Postma, Ronald L. Haan and Mark J. Bugge.

  • How many employees does Macatawa Bank have?

    Macatawa Bank has 296 employees.

  • What is Macatawa Bank revenue?

    Latest Macatawa Bank annual revenue is $75.1 m.

  • What is Macatawa Bank revenue per employee?

    Latest Macatawa Bank revenue per employee is $253.7 k.

  • Who are Macatawa Bank competitors?

    Competitors of Macatawa Bank include HSBC, Wintrust and Carolina Financial.

  • Where is Macatawa Bank headquarters?

    Macatawa Bank headquarters is located at 10753 Macatawa Dr, Holland.

  • Where are Macatawa Bank offices?

    Macatawa Bank has an office in Holland.

  • How many offices does Macatawa Bank have?

    Macatawa Bank has 1 office.