Macatawa Bank Corporation


Macatawa Bank Corporation (the Company) is a Michigan corporation and is the bank holding company for Macatawa Bank. Macatawa Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation. As a customer-driven financial institution, the Company is focused on providing individuals, businesses and governmental entities with value-based products and services in a highly personalized manner. Banking services include commercial, consumer and real estate financing, business and personal deposit services, ATM’s, Internet banking services, trust and employee benefit plan services. These are delivered through a network of 23 full service branches located in communities in Kent County, Ottawa County, and northern Allegan County. Management believes that they can attract clients who prefer to conduct business with a locally managed institution that demonstrates an active interest in their business and personal financial affairs, who places high priority on local decision-making and contributes financial and employee support to community initiatives.
Bank NameMacatawa Bank Corporation
Stock ExchangeLSE
SymbolMCBC
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
Chairman
CEOMr. Ronald L. Haan
Employees296
Websitemacatawabank.com
Registered Year1997

  2017 2016 2015
  € m € m € m
Revenue
Total interest income 58 52 49
Total Interest Expenses 6 5 5
Net Interest income 52 48 44
Total Net Revenue 69 67 62
Earnings per share
Basic 0.48 0.47 0.38
Diluted 0.48 0.47 0.38
Assets
Total current assets
Other assets 44,882 44,560 32,842
Total assets 1,890,232 1,741,013 1,729,643
Total current liabilities
Total liabilities 1,717,246 1,578,774 1,577,666
Total Equity 172,986 162,239 151,977
Net income
Net cash provided by operating activities 23 17 14
Net cash used for investment activities 83 105 95
Net cash provided by financing activities 132 3 133
Source:http://www.macatawabank.com
Currency in EUR, All numbers in million.

United States
Holland