Macatawa Bank Balance Sheet - Annual (NASDAQ:MCBC)

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$12.53 $0.05 (0.4%) MCBC stock closing price Jul 20, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Macatawa Bank stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Macatawa Bank stock analysis. Annual results are typically accompanied with the company releasing financial statements. Macatawa Bank had a long term debt of $133.35M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Macatawa Bank operating cash flow and Macatawa Bank revenue also. Macatawa Bank debt to equity ratio is 0.7.

View latest 10 year balance sheet data to check Macatawa Bank financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash161.46M89.81M201.47M149.45M181.89M226.35M243.04M236.12M78.74M68.28M
Marketable Securities----------
Receivables1.31B1.27B1.18B1.1B1.02B1.03B1.04B1.17B1.46B1.74B
Inventory1.2M2.18M2.77M2.34M1.91M8.13M1.02M2.53M-2.26M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
1.47B1.36B1.39B1.25B1.21B1.27B1.29B1.41B1.54B1.81B
Property Plant & Equipment82.71M83.54M82.38M81.21M82.95M81.43M80.92M82.93M84.77M84.05M
Accumulated Depreciation36.08M33.51M30.92M28.31M29.31M27.86M25.56M25.95M23.76M20.57M
Net Property Plant & Equipment
46.62M50.02M51.45M52.89M53.64M53.57M55.35M56.98M61.01M63.48M
Investment & Advances318.1M265.36M230.22M204.69M170.14M139.03M66.28M21.13M141.77M198.79M
Other Non-Current Assets5.76M12.25M17.57M28.24M36.79M51.58M66.43M57.98M37.18M19.51M
Deferred Charges3.78M8.86M8.81M12.26M16.2M18.78M----
Intangibles----------
Deposits & Other Assets44.88M44.56M32.84M31.02M32M31.23M32.59M29.87M47.55M52.61M
Total Assets
1.89B1.74B1.73B1.58B1.52B1.56B1.51B1.58B1.83B2.15B
Notes Payable----------
Accounts Payable1.58B1.45B1.44B1.31B1.25B1.29B1.22B1.28B1.42B1.67B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses4.88M4.63M4.74M5.65M3.92M9.24M6.46M5.57M4.93M8.37M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
1.58B1.45B1.44B1.31B1.25B1.3B1.22B1.28B1.42B1.67B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt133.35M125.41M137.4M129.34M131.22M134.71M191.49M228.22M320.91M326.02M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
1.72B1.58B1.58B1.44B1.38B1.43B1.41B1.51B1.74B2B
Minority Interest----------
Preferred Stock-----33.16M33.16M33.16M33.16M30.63M
Common Stock Net217.08M216.73M216.54M216.46M216.26M187.71M187.7M167.32M167.18M164.32M
Capital Surplus----------
Retained Earnings-42.8M-53M-64.91M-74M-81.78M-91.33M-126.82M-132.65M-114.8M-48.28M
Treasury Stock----------
Other Liabilities-1.29M-1.48M---1.95M---2.44M2.53M
Shareholders Equity172.98M162.23M151.97M142.51M132.52M130.5M94.42M67.84M87.99M149.21M
Total Liabilities & Shareholders Equity1.89B1.74B1.73B1.58B1.52B1.56B1.51B1.58B1.83B2.15B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Macatawa Bank historical stock prices and the current Macatawa Bank stock price can tell you how the stock price has moved, whereas the Macatawa Bank PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Macatawa Bank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for MCBC stock as of 2017 is $1.89B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Macatawa Bank for the year 2017 total to $1.72B. Liabilities for a company like Macatawa Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Macatawa Bank Balance Sheet - Key Ratios

Current ratio
0.92
Debt to equity ratio
0.7
Asset turnover ratio
0.04
Receivables turnover
0.06
Price to book ratio
2.48