Detail akcie Macatawa Bk Corp online

Business Summary: Macatawa Bank Corporation is a bank holding company of its subsidiary, Macatawa Bank (the Bank). The Bank offers a range of banking, retail and commercial lending, wealth management and e-commerce services to individuals, businesses and governmental entities. It operates a network of approximately 26 full-service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It offers loan products to business customers, including commercial and industrial and commercial real estate loans, construction and development loans, and multi-family and other non-residential real estate loans. It also offers loans products to retail customers, such as residential mortgage and consumer loans. It offers a range of deposit services, including checking accounts, savings accounts and time deposits of various types. It also offers trust services, which includes personal trust and retirement plan services.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Macatawa Bank Corp interest income increased 52% to $113.8M. Net interest income after loan loss provision increased 22% to $86.9M. Net income increased 24% to $43.2M. Net interest income after loan loss provision reflects Commercial Banking segment increase from $0K to $86.9M, Net Interest Margin, Total -% increase of 31% to 3.36%, Net Interest Spread, Total -% increase of 16% to 2.85%.