Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $5.36 USD
Change Today -0.05 / -0.92%
Volume 17.8K
MCBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

macatawa bank corp (MCBC) Snapshot

Open
$5.44
Previous Close
$5.41
Day High
$5.44
Day Low
$5.30
52 Week High
12/8/14 - $5.65
52 Week Low
10/7/14 - $4.76
Market Cap
181.5M
Average Volume 10 Days
29.0K
EPS TTM
$0.32
Shares Outstanding
33.9M
EX-Date
08/11/15
P/E TM
16.8x
Dividend
$0.12
Dividend Yield
1.68%
Current Stock Chart for MACATAWA BANK CORP (MCBC)

Related News

No related news articles were found.

macatawa bank corp (MCBC) Related Businessweek News

View More BusinessWeek News

macatawa bank corp (MCBC) Details

Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides commercial and personal banking services in western Michigan. Its deposit products include business and consumer checking accounts, regular and money market savings accounts, and certificates of deposit. The company’s loan products portfolio comprises commercial and industrial loans offered to finance operations and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that primarily consist of residential mortgage loans; and consumer loans, such as automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also offers cash management, safe deposit boxes, trust services, ATMs, Internet banking, telephone banking, debit cards, and various brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. The company serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Ottawa County, Kent County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

347 Employees
Last Reported Date: 07/23/15
Founded in 1997

macatawa bank corp (MCBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $375.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $230.0K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $190.0K
Senior Vice President, Chief Commercial Banki...
Total Annual Compensation: $175.0K
Senior Vice President, Chief Retail Banking O...
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2014.

macatawa bank corp (MCBC) Key Developments

Macatawa Bank Corporation Declares Quarterly Cash Dividend, Payable on August 28, 2015

Macatawa Bank Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share on its common stock to be paid on August 28, 2015 to shareholders of record on August 13, 2015.

Macatawa Bank Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

Macatawa Bank Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $12.238 million compared to $11.528 million for the same period a year ago. Net interest income was $10.845 million compared to $10.156 million reported a year ago. Net interest income after provisions for loan losses was $11.345 million compared to $11.156 million reported a year ago. Income before taxes was $4.635 million compared to $3.986 million reported a year ago. Net income available to common shareholders was $3.215 million or $0.09 per basic and diluted share compared to net income available to common shares of $2.755 million or $0.08 per basic and diluted share a year ago. Return on average assets was 0.81% compared to 0.75% reported a year ago. Return on average equity was 8.78% compared to 8.03% reported a year ago. Book value per common share was $4.34 compared to $4.09 a year ago. Tangible book value per common share was $4.34 compared to $4.09 a year ago. For the six months, the company reported total interest income of $24.249 million compared to $23.498 million reported a year ago. Net interest income was $21.497 million compared to $20.631 million reported a year ago. Net interest income after provisions for loan losses was $22.997 million compared to $22.631 million reported a year ago. Income before taxes was $8.720 million compared to $7.801 million reported a year ago. Net income available to common shareholders was $6.055 million or $0.18 per basic and diluted share compared to net income available to common shares of $5.393 million or $0.16 per basic and diluted share a year ago. Return on average assets was 0.77% compared to 0.73% reported a year ago. Return on average equity was 8.34% compared to 7.94% reported a year ago. Book value per common share was $4.34 compared to $4.09 a year ago. Tangible book value per common share was $4.34 compared to $4.09 a year ago. For the quarter, the company announced negative net charge offs was $1,000 compared to $666,000 a year ago.

Macatawa Bank Corp.(NasdaqGS:MCBC) dropped from Russell 2000 Index

Macatawa Bank Corp. will be removed from Russell 2000 Index

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MCBC:US $5.36 USD -0.05

MCBC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Farmers Capital Bank Corp $25.68 USD +0.22
First Mid-Illinois Bancshares Inc $21.51 USD 0.00
Isabella Bank Corp $23.35 USD -0.40
MutualFirst Financial Inc $23.56 USD +0.06
Pulaski Financial Corp $13.22 USD +0.23
View Industry Companies
 

Industry Analysis

MCBC

Industry Average

Valuation MCBC Industry Range
Price/Earnings 16.4x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 16.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MACATAWA BANK CORP, please visit www.macatawabank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.