Macatawa Bank Corp (MCBC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 03-2024 | 12-2023 | 09-2023 | 06-2023 | 03-2023 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 9,793 | 43,224 | 33,729 | 22,316 | 12,004 |
| Depreciation Amortization | 477 | 316 | 266 | 242 | 160 |
| Income taxes - deferred | 80 | 535 | 336 | 182 | 150 |
| Other Working Capital | -400 | -1,289 | -3,656 | -199 | 601 |
| Loans | 0 | 215 | 215 | 215 | 128 |
| Other Operating Activity | 166 | 799 | 112 | 82 | -314 |
| Operating Cash Flow | $10,116 | $43,800 | $31,002 | $22,838 | $12,729 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -903 | -439 | -698 | -538 | -496 |
| Purchase Of Investment | -2,399 | -38,861 | -33,685 | -30,577 | -28,038 |
| Sale Of Investment | 49,550 | 59,330 | 47,216 | 27,205 | 8,827 |
| Net Loans | -3,824 | -160,507 | -113,452 | -93,780 | -43,158 |
| Other Investing Activity | 0 | 2,699 | 2,699 | 2,699 | 2,699 |
| Investing Cash Flow | $42,424 | $-137,778 | $-97,920 | $-94,991 | $-60,166 |
| Cash Flows From Financing Activities | |||||
| Debt Repayment | -10,000 | N/A | N/A | N/A | N/A |
| Common Stock Repurchased | N/A | N/A | -22 | -22 | -15 |
| Dividend Paid | -3,082 | -11,285 | -8,201 | -5,467 | -2,733 |
| Other Financing Activity | 0 | -143 | 0 | 0 | 0 |
| Financing Cash Flow | $-144,411 | $-210,840 | $-177,779 | $-299,086 | $-286,995 |
| Beginning Cash Position | 450,352 | 755,170 | 755,170 | 755,170 | 755,170 |
| End Cash Position | 358,481 | 450,352 | 510,473 | 383,931 | 420,738 |
| Net Cash Flow | $-91,871 | $-304,818 | $-244,697 | $-371,239 | $-334,432 |
| Free Cash Flow | |||||
| Operating Cash Flow | 10,116 | 43,800 | 31,002 | 22,838 | 12,729 |
| Capital Expenditure | -903 | -439 | -698 | -538 | -496 |
| Free Cash Flow | 9,213 | 43,361 | 30,304 | 22,300 | 12,233 |