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.

Company Growth (employees)
Type
Public
HQ
Holland, US
Founded
1997
Size (employees)
343 (est)
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 Financials and Metrics

Macatawa Bank Financials

Macatawa Bank's revenue was reported to be $52.5 m in FY, 2016
USD

Revenue (Q3, 2017)

18.9 m

Gross profit (Q3, 2017)

17.4 m

Gross profit margin (Q3, 2017), %

92%

Net income (Q3, 2017)

4.9 m

EBIT (Q3, 2017)

13.5 m

Market capitalization (13-Dec-2017)

336.7 m

Cash (30-Sep-2017)

159.9 m

EV

218.1 m
Macatawa Bank's current market capitalization is $336.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

64.8 m63.2 m49.4 m52.5 m

Revenue growth, %

(2%)(22%)6%

Cost of goods sold

5.3 m5 m

Gross profit

44.1 m47.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

16.8 m16.9 m17.6 m17.4 m18.2 m18.1 m18.5 m18.9 m

Cost of goods sold

1.4 m1.3 m1.3 m1.3 m1.2 m1.3 m1.3 m1.5 m

Gross profit

15.4 m15.6 m16.3 m16.1 m17 m16.8 m17.2 m17.4 m

Gross profit Margin, %

92%92%93%93%93%93%93%92%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

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

Accounts Payable

1.4 b
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

141.6 m123.8 m94.6 m124.9 m57.8 m113.7 m145.3 m159.9 m

Total Assets

1.6 b1.7 b1.6 b1.7 b1.7 b1.7 b1.8 b1.8 b

Accounts Payable

1.3 b1.4 b1.3 b1.4 b1.4 b1.4 b1.5 b1.5 b

Long-term debt

41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

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

Depreciation and Amortization

2.3 m774 k1.6 m2.4 m684 k1.5 m2.2 m659 k1.4 m2.1 m537 k973 k1.4 m

Accounts Payable

1.6 m

Cash From Operating Activities

16 m6.8 m10.8 m13.1 m727 k2.2 m7.8 m5.1 m9.9 m13.7 m5.4 m10.3 m18.9 m
USDY, 2017

EV/EBIT

16.2 x

EV/CFO

11.5 x

Revenue/Employee

55.2 k

Financial Leverage

10.4 x
Show all financial metrics

Macatawa Bank Operating Metrics

Macatawa Bank's Total Loans Issued was reported to be $1.3 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$1.12 b$1.14 b$1.13 b$1.19 b$1.2 b$1.22 b$1.21 b$1.24 b$1.28 b$1.27 b$1.25 b

Non-accrual Loans

$8.29 m$9.71 m$3.64 m$4.14 m$739 k$396 k$350 k$233 k$300 k$401 k$466 k

Non-performing Loans

$8.43 m$9.81 m$72 k$4.21 m$756 k$427 k$350 k$233 k$300 k$401 k$670 k
Show all operating metrics

Macatawa Bank Market Value History

Macatawa Bank's Web-traffic and Trends

Macatawa Bank Online and Social Media Presence

Macatawa Bank Company Life and Culture

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