Call reports 2024
MACATAWA BANK, NATIONAL ASSOCIATION — 2024
What MACATAWA BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,614,849,000 | 2,654,342,000 | 3,085,640,000 | 3,283,285,000 |
| Total loans | 1,342,208,000 | 1,339,304,000 | 1,636,459,000 | 1,662,669,000 |
| Allowance for loan losses | 17,440,000 | 17,595,000 | 15,714,000 | 17,048,000 |
| Securities available for sale | 491,214,000 | 445,029,000 | 41,778,000 | 38,705,000 |
| Securities held to maturity | 300,751,000 | 254,517,000 | 0 | 0 |
| Trading assets | 5,553,000 | 4,793,000 | 3,381,000 | 4,271,000 |
| Total deposits | 2,292,617,000 | 2,325,418,000 | 2,542,828,000 | 2,737,481,000 |
| Interest-bearing deposits | 1,670,077,000 | 1,689,788,000 | 1,841,295,000 | 1,994,787,000 |
| Noninterest-bearing deposits | 622,540,000 | 635,630,000 | 701,533,000 | 742,694,000 |
| Equity capital | 284,510,000 | 292,636,000 | 499,207,000 | 513,886,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 29,077,000 | 58,593,000 | 29,755,000 | 73,608,000 |
| Interest expense | 8,350,000 | 16,577,000 | 6,204,000 | 16,324,000 |
| Net interest income | 20,727,000 | 42,016,000 | 23,551,000 | 57,284,000 |
| Noninterest income | 4,685,000 | 9,570,000 | 2,993,000 | 6,476,000 |
| Noninterest expense | 12,681,000 | 25,484,000 | 10,100,000 | 26,721,000 |
| Provision for loan losses | 0 | 150,000 | 12,708,000 | 14,064,000 |
| Pretax income | 12,720,000 | 25,932,000 | 1,899,000 | 21,605,000 |
| Income tax | 2,471,000 | 5,019,000 | 391,000 | 5,363,000 |
| Net income | 10,249,000 | 20,913,000 | 1,508,000 | 16,242,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 308,429,000 | 316,152,000 | 275,230,000 | 293,541,000 |
| Total capital | 325,869,000 | 333,747,000 | 289,791,000 | 307,829,000 |
| Risk-weighted assets | 1,745,280,000 | 1,752,911,000 | 1,890,588,000 | 1,892,332,000 |