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Profile - Macatawa Bank Corporation (NasdaqNM:MCBC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 28Price hit new 52-week high ($18.65)
Upcoming Events
Sep 28Dividend payment of $0.07
Location
348 South Waverly Road
Holland, MI 49423
Phone: (616) 820-1444
Fax: (616) 748-9616
Employees (last reported count): 124
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 13%
·Over the last 6 months:
 · 2 insider buys; 20.0K shares (2.9% of insider shares)
·Institutional: 27% (31% of float)
(22 institutions)
·Net Inst. Buying: 1.31M shares (+47.92%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Macatawa Bank Corporation, a bank holding company, owns all of the common stock of Macatawa Bank. The Bank provides a full range of commercial and consumer-banking services, through its network of 13 full-service branches located in communities in Michigan's counties of Ottawa, northern Allegan and southwestern Kent. The Bank's services include checking and savings accounts, including certificates of deposit; safe deposit boxes; travelers checks; money orders; trust services; and commercial, mortgage and consumer loans.
More from Market Guide: Expanded Business Description

Financial Summary
Macatawa Bank Corporation is a bank holding company for Macatawa Bank, a state chartered bank with 13 offices in Michigan. For the six months ended 6/30/01, total interest income rose 35% to $20.9 million. Net interest income after loan loss provision rose 38% to $9 million. Net income rose 70% to $2.3 million. Results reflect higher average loan balances, increased gains on the sale of loans and increased service charges on deposit accounts.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Benj. Smith, III, 57
Chairman of Directors and CEO
$150K
Steven Germond, 47
CFO
69K
Philip Koning, 46
Sec., Treasurer
179K
Ray Tooker, 57
Sr. VP Loan Admin. of the Bank
130K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:MCBCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 16-Oct-2000
$10.68 
Recent Price$18.12 
52-Week High
on 28-Aug-2001
$18.65 
Beta-0.11 
Daily Volume (3-month avg)18.2K
Daily Volume (10-day avg)14.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+46.4%
52-Week Change
relative to S&P500
+96.4%
Share-Related Items
Market Capitalization$96.2M
Shares Outstanding5.31M
Float4.60M
Dividends & Splits
Annual Dividend (indicated)$0.28 
Dividend Yield1.54%
Last Split: 34 for 33 on 19-Apr-2001
Per-Share Data
Book Value (mrq)$11.96 
Earnings (ttm)$1.13 
Earnings (mrq)$0.30 
Sales (ttm)$10.51 
Cash (mrq)$4.89 
Valuation Ratios
Price/Book (mrq)1.52 
Price/Earnings (ttm)15.98 
Price/Sales (ttm)1.72 
Income Statements
Sales (ttm)$39.8M
EBITDAN/A 
Income available to common (ttm)$4.29M
Profitability
Profit Margin (ttm)10.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.86%
Return on Equity (ttm)10.16%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$24.9M
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.0%
Shares Short
(Prior Month)
6,000 
Short Ratio0.11 
Daily Volume9,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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