Macatawa Bank Corp
NASDAQ:MCBC
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Income Statement
Income Statement
Macatawa Bank Corp
| Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Net Interest Income |
41
|
41
|
41
|
41
|
42
|
42
|
43
|
44
|
45
|
46
|
47
|
48
|
48
|
49
|
51
|
52
|
54
|
55
|
58
|
60
|
61
|
63
|
63
|
63
|
63
|
62
|
61
|
62
|
61
|
60
|
60
|
56
|
54
|
55
|
60
|
70
|
80
|
86
|
89
|
87
|
86
|
|
| Interest Income |
48
|
47
|
47
|
47
|
47
|
48
|
49
|
49
|
50
|
51
|
52
|
53
|
53
|
55
|
56
|
58
|
60
|
63
|
66
|
69
|
72
|
75
|
76
|
76
|
74
|
72
|
68
|
67
|
65
|
64
|
63
|
59
|
56
|
57
|
63
|
75
|
89
|
101
|
110
|
114
|
116
|
|
| Interest Expense |
7
|
6
|
6
|
6
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
6
|
7
|
8
|
9
|
11
|
12
|
13
|
12
|
11
|
10
|
8
|
6
|
4
|
4
|
3
|
3
|
2
|
2
|
3
|
5
|
9
|
14
|
21
|
26
|
30
|
|
| Non Interest Income |
16
|
16
|
16
|
16
|
17
|
17
|
18
|
18
|
18
|
18
|
19
|
19
|
19
|
19
|
18
|
17
|
17
|
17
|
18
|
18
|
18
|
18
|
19
|
20
|
20
|
21
|
22
|
24
|
26
|
26
|
25
|
24
|
22
|
21
|
20
|
20
|
20
|
19
|
19
|
18
|
19
|
|
| Revenue |
57
N/A
|
57
-1%
|
57
+1%
|
58
+1%
|
59
+2%
|
60
+2%
|
61
+2%
|
62
+2%
|
63
+2%
|
64
+1%
|
65
+2%
|
67
+2%
|
67
+1%
|
68
+2%
|
69
+1%
|
69
+1%
|
71
+2%
|
73
+3%
|
75
+3%
|
77
+3%
|
79
+3%
|
81
+2%
|
83
+2%
|
83
+1%
|
83
0%
|
83
0%
|
83
0%
|
86
+3%
|
86
+1%
|
86
0%
|
85
-1%
|
80
-6%
|
76
-4%
|
76
-1%
|
80
+6%
|
90
+12%
|
100
+11%
|
105
+6%
|
108
+2%
|
106
-2%
|
104
-2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Loan Loss Provision |
5
|
5
|
4
|
3
|
3
|
3
|
2
|
4
|
3
|
3
|
3
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
1
|
2
|
4
|
3
|
2
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Non Interest Expense |
(47)
|
(47)
|
(46)
|
(46)
|
(47)
|
(47)
|
(46)
|
(47)
|
(47)
|
(47)
|
(47)
|
(46)
|
(45)
|
(44)
|
(44)
|
(44)
|
(44)
|
(45)
|
(45)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(45)
|
(44)
|
(44)
|
(46)
|
(45)
|
(47)
|
(47)
|
(46)
|
(46)
|
(47)
|
(47)
|
(48)
|
(49)
|
(49)
|
(50)
|
(52)
|
(53)
|
|
| Pre-Tax Income |
14
N/A
|
14
+1%
|
15
+5%
|
15
+1%
|
15
+2%
|
16
+4%
|
17
+4%
|
18
+11%
|
19
+4%
|
20
+4%
|
21
+7%
|
22
+4%
|
24
+7%
|
25
+6%
|
26
+4%
|
27
+3%
|
28
+2%
|
29
+5%
|
30
+5%
|
32
+7%
|
35
+7%
|
36
+5%
|
38
+4%
|
39
+3%
|
38
-4%
|
37
-1%
|
36
-4%
|
37
+2%
|
38
+5%
|
39
+1%
|
39
+1%
|
36
-8%
|
34
-6%
|
32
-5%
|
36
+11%
|
43
+21%
|
51
+18%
|
55
+9%
|
57
+3%
|
54
-6%
|
51
-5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
|
| Income from Continuing Operations |
10
|
10
|
10
|
10
|
11
|
11
|
12
|
13
|
13
|
14
|
15
|
16
|
17
|
18
|
18
|
19
|
20
|
22
|
24
|
26
|
28
|
30
|
31
|
32
|
31
|
30
|
29
|
30
|
32
|
32
|
32
|
29
|
27
|
26
|
29
|
35
|
41
|
44
|
46
|
43
|
41
|
|
| Net Income (Common) |
(8)
N/A
|
(8)
+2%
|
(7)
+7%
|
10
N/A
|
11
+2%
|
11
+4%
|
12
+4%
|
13
+10%
|
13
+5%
|
14
+4%
|
15
+10%
|
16
+4%
|
17
+6%
|
18
+6%
|
18
+2%
|
16
-11%
|
18
+8%
|
20
+11%
|
22
+10%
|
26
+23%
|
28
+7%
|
30
+4%
|
31
+4%
|
32
+4%
|
31
-4%
|
30
-1%
|
29
-3%
|
30
+3%
|
32
+5%
|
32
+1%
|
32
+0%
|
29
-9%
|
27
-6%
|
26
-5%
|
29
+11%
|
35
+20%
|
41
+17%
|
44
+9%
|
46
+3%
|
43
-6%
|
41
-5%
|
|
| EPS (Diluted) |
-0.23
N/A
|
-0.22
+4%
|
-0.21
+5%
|
0.31
N/A
|
0.31
N/A
|
0.32
+3%
|
0.33
+3%
|
0.38
+15%
|
0.38
N/A
|
0.4
+5%
|
0.45
+12%
|
0.47
+4%
|
0.5
+6%
|
0.53
+6%
|
0.53
N/A
|
0.47
-11%
|
0.51
+9%
|
0.57
+12%
|
0.63
+11%
|
0.78
+24%
|
0.83
+6%
|
0.87
+5%
|
0.91
+5%
|
0.94
+3%
|
0.91
-3%
|
0.89
-2%
|
0.86
-3%
|
0.88
+2%
|
0.92
+5%
|
0.93
+1%
|
0.93
N/A
|
0.85
-9%
|
0.8
-6%
|
0.76
-5%
|
0.84
+11%
|
1.01
+20%
|
1.18
+17%
|
1.29
+9%
|
1.33
+3%
|
1.26
-5%
|
1.19
-6%
|
|
