Macatawa Bank Corporation
MCBC · NASDAQ
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $43,224 | $34,731 | $29,014 | $30,165 |
| Dep. & Amort. | $2,100 | $1,558 | $2,724 | $2,621 |
| Deferred Tax | $535 | $766 | $1,095 | -$695 |
| Stock-Based Comp. | $820 | $703 | $684 | $505 |
| Change in WC | -$601 | -$2,100 | $1,451 | -$2,038 |
| Other Non-Cash | -$2,558 | -$858 | $956 | $17 |
| Operating Cash Flow | $43,520 | $34,800 | $35,924 | $30,575 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$439 | -$796 | -$993 | -$2,274 |
| Net Acquisitions | -$162,926 | $0 | $320,869 | -$46,496 |
| Inv. Purchases | -$38,861 | -$452,138 | -$347,082 | -$168,237 |
| Inv. Sales/Matur. | $62,029 | $117,294 | $105,529 | $153,199 |
| Other Inv. Act. | $2,699 | -$66,840 | -$8,922 | $192 |
| Investing Cash Flow | -$137,498 | -$402,480 | $69,401 | -$63,616 |
| Financing Activities | – | – | – | – |
| Debt Repay. | $0 | $0 | $0 | $0 |
| Stock Issued | $0 | $0 | $0 | $0 |
| Stock Repurch. | -$143 | -$207 | -$130 | -$86 |
| Dividends Paid | -$11,285 | -$10,915 | -$10,895 | -$10,880 |
| Other Fin. Act. | -$199,555 | -$18,023 | $273,622 | $555,207 |
| Financing Cash Flow | -$210,840 | -$28,938 | $262,727 | $544,327 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Chg. in Cash | -$304,818 | -$396,618 | $368,052 | $511,286 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $755,170 | $1,151,788 | $783,736 | $272,450 |
| End Cash | $450,352 | $755,170 | $1,151,788 | $783,736 |
| Free Cash Flow | $43,081 | $34,004 | $34,931 | $28,301 |