Macatawa Bank Corp (MCBC)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] by (Cboe BZX)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] [[ item.lastPriceExt ]] [[ item.priceChangeExt ]] ([[ item.percentChangeExt ]]) [[ item.tradeTimeExt ]]
Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 43,224 | 34,731 | 29,014 | 30,165 | 31,979 |
| Depreciation Amortization | 316 | 1,558 | 2,724 | 2,621 | 2,212 |
| Income taxes - deferred | 535 | 766 | 1,095 | -92 | N/A |
| Other Working Capital | -1,289 | -1,786 | 4,433 | -5,643 | -4,405 |
| Loans | 215 | 1,192 | 4,015 | -2,128 | -2,879 |
| Other Operating Activity | 799 | -1,661 | -5,357 | 5,652 | 2,813 |
| Operating Cash Flow | $43,800 | $34,800 | $35,924 | $30,575 | $29,720 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -439 | -796 | -993 | -2,274 | -699 |
| Purchase Of Investment | -38,861 | -452,138 | -347,082 | -168,237 | -78,881 |
| Sale Of Investment | 59,330 | 118,641 | 105,529 | 153,199 | 83,241 |
| Net Loans | -160,507 | -68,234 | 320,869 | -46,496 | 20,805 |
| Other Investing Activity | 2,699 | 47 | -8,922 | 192 | 656 |
| Investing Cash Flow | $-137,778 | $-402,480 | $69,401 | $-63,616 | $25,122 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | N/A | 25,000 | 25,000 | 10,000 | 10,000 |
| Debt Repayment | N/A | -80,000 | -30,619 | N/A | -30,619 |
| Common Stock Repurchased | N/A | N/A | N/A | -86 | -101 |
| Dividend Paid | -11,285 | -10,915 | -10,895 | -10,880 | -9,511 |
| Other Financing Activity | -143 | -207 | -130 | 0 | 0 |
| Financing Cash Flow | $-210,840 | $-28,938 | $262,727 | $544,327 | $46,324 |
| Beginning Cash Position | 755,170 | 1,151,788 | 783,736 | 272,450 | 171,284 |
| End Cash Position | 450,352 | 755,170 | 1,151,788 | 783,736 | 272,450 |
| Net Cash Flow | $-304,818 | $-396,618 | $368,052 | $511,286 | $101,166 |
| Free Cash Flow | |||||
| Operating Cash Flow | 43,800 | 34,800 | 35,924 | 30,575 | 29,720 |
| Capital Expenditure | -439 | -796 | -993 | -2,274 | -1,041 |
| Free Cash Flow | 43,361 | 34,004 | 34,931 | 28,301 | 28,679 |