Call reports 2020
MACATAWA BANK, NATIONAL ASSOCIATION — 2020
What MACATAWA BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,030,324,000 | 2,450,370,000 | 2,508,399,000 | 2,641,173,000 |
| Total loans | 1,397,307,000 | 1,564,365,000 | 1,545,843,000 | 1,434,753,000 |
| Allowance for loan losses | 18,889,000 | 15,855,000 | 16,558,000 | 17,408,000 |
| Securities available for sale | 243,368,000 | 229,489,000 | 229,928,000 | 236,832,000 |
| Securities held to maturity | 82,514,000 | 89,195,000 | 91,394,000 | 79,468,000 |
| Trading assets | 4,295,000 | 5,012,000 | 5,080,000 | 4,217,000 |
| Total deposits | 1,712,313,000 | 2,125,132,000 | 2,178,080,000 | 2,305,305,000 |
| Interest-bearing deposits | 1,212,971,000 | 1,369,666,000 | 1,432,108,000 | 1,489,150,000 |
| Noninterest-bearing deposits | 499,342,000 | 755,466,000 | 745,972,000 | 816,155,000 |
| Equity capital | 236,641,000 | 242,709,000 | 247,020,000 | 253,043,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 17,495,000 | 34,001,000 | 49,823,000 | 67,224,000 |
| Interest expense | 1,952,000 | 3,202,000 | 4,187,000 | 4,917,000 |
| Net interest income | 15,543,000 | 30,799,000 | 45,636,000 | 62,307,000 |
| Noninterest income | 4,907,000 | 10,732,000 | 16,819,000 | 23,903,000 |
| Noninterest expense | 11,491,000 | 21,810,000 | 33,162,000 | 44,980,000 |
| Provision for loan losses | 700,000 | 1,700,000 | 2,200,000 | 3,000,000 |
| Pretax income | 8,273,000 | 18,057,000 | 27,129,000 | 38,262,000 |
| Income tax | 1,520,000 | 3,360,000 | 5,044,000 | 6,943,000 |
| Net income | 6,753,000 | 14,697,000 | 22,085,000 | 31,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 232,775,000 | 238,145,000 | 242,425,000 | 248,829,000 |
| Total capital | 251,664,000 | 254,000,000 | 258,983,000 | 266,237,000 |
| Risk-weighted assets | 1,635,655,000 | 1,506,010,000 | 1,498,561,000 | 1,492,469,000 |