Call reports 2023
MACATAWA BANK, NATIONAL ASSOCIATION — 2023
What MACATAWA BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,637,086,000 | 2,629,984,000 | 2,759,676,000 | 2,748,455,000 |
| Total loans | 1,221,026,000 | 1,271,576,000 | 1,291,290,000 | 1,338,386,000 |
| Allowance for loan losses | 16,794,000 | 17,109,000 | 17,001,000 | 17,442,000 |
| Securities available for sale | 525,959,000 | 512,837,000 | 503,277,000 | 508,798,000 |
| Securities held to maturity | 348,387,000 | 340,400,000 | 330,003,000 | 331,523,000 |
| Trading assets | 5,294,000 | 6,000,000 | 6,812,000 | 4,856,000 |
| Total deposits | 2,339,056,000 | 2,329,925,000 | 2,454,257,000 | 2,424,558,000 |
| Interest-bearing deposits | 1,640,451,000 | 1,617,136,000 | 1,792,534,000 | 1,772,696,000 |
| Noninterest-bearing deposits | 698,605,000 | 712,789,000 | 661,723,000 | 651,862,000 |
| Equity capital | 252,089,000 | 255,170,000 | 260,942,000 | 278,013,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 27,266,000 | 54,386,000 | 84,174,000 | 113,811,000 |
| Interest expense | 4,650,000 | 10,624,000 | 18,167,000 | 26,364,000 |
| Net interest income | 22,616,000 | 43,762,000 | 66,007,000 | 87,447,000 |
| Noninterest income | 4,867,000 | 9,503,000 | 14,157,000 | 18,799,000 |
| Noninterest expense | 12,254,000 | 24,711,000 | 37,301,000 | 51,074,000 |
| Provision for loan losses | 0 | 300,000 | 150,000 | 550,000 |
| Pretax income | 15,246,000 | 28,250,000 | 42,668,000 | 54,636,000 |
| Income tax | 3,031,000 | 5,551,000 | 8,400,000 | 10,711,000 |
| Net income | 12,215,000 | 22,699,000 | 34,268,000 | 43,925,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 278,347,000 | 285,930,000 | 294,503,000 | 300,943,000 |
| Total capital | 295,141,000 | 303,039,000 | 311,504,000 | 318,385,000 |
| Risk-weighted assets | 1,679,065,000 | 1,715,982,000 | 1,718,417,000 | 1,751,671,000 |