Private company

MACATAWA BANK CORP

Michigan corporation1

In its 2024 annual report the company says: “The Bank operates twenty-six branch offices and a lending and operational service facility, providing a full range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.”3 It is headquartered in Holland, Michigan.1

Last updated Oct 20, 2026.

Overview

  • IndustryState Commercial Banks1
  • HeadquartersHolland, Michigan1
  • Incorporated inMI2
  • Business address10753 Macatawa Drive, Holland, Mi 494242
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Macatawa Bank Corporation is a Michigan corporation, incorporated in 1997, and is a registered bank holding company. It wholly owns Macatawa Bank, a Michigan chartered bank with depository accounts insured by the FDIC. The Bank operates twenty-six branch offices and a lending and operational service facility, providing a full range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income456789$43.2M in 2023+165% since 2017
0$20.0M$40.0M$60.0M2017: $16.3M$16.3M20172018: $26.4M$26.4M2018+62%2019: $32.0M$32.0M2019+21%2020: $30.2M$30.2M2020−6%2021: $29.0M$29.0M2021−4%2022: $34.7M$34.7M2022+20%2023: $43.2M$43.2M2023+24%
Fiscal year20172018201920202021202220232024
Interest$5.7M4$9.4M5$12.5M6$5.7M7$2.6M8$4.8M9$26.4M9
Income before tax$35.7M8$43.1M9$53.7M9
Income tax$10.7M4$6.0M5$7.5M6$6.6M7$6.7M8$8.3M9$10.5M9
Net income$16.3M4$26.4M5$32.0M6$30.2M7$29.0M8$34.7M9$43.2M9
Earnings per share$0.484$0.785$0.946$0.887$0.858$1.019$1.269
Earnings per share (diluted)$0.484$0.785$0.946$0.887$0.858$1.018
Shares (weighted, basic)34.2M shares834.3M shares934.3M shares9
Shares (weighted, diluted)34.2M shares834.3M shares934.3M shares9

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What it owns

What MACATAWA BANK CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$78.8M9 Dec 31, 2023$79.1M9 Dec 31, 2022−0.4%
Accumulated depreciation$40.2M9 Dec 31, 2023$38.8M9 Dec 31, 2022+3.6%
Property and equipment, net$38.6M9 Dec 31, 2023$40.3M9 Dec 31, 2022−4.2%
Operating-lease assets (leased space)$625.0K8 Dec 31, 2022$866.0K8 Dec 31, 2021−27.8%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$508.8M9 Dec 31, 2023$499.3M9 Dec 31, 2022+1.9%
Deposits held (banks)$2.4B9 Dec 31, 2023$2.6B9 Dec 31, 2022−7.6%

Leadership

Who has led MACATAWA BANK CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Benj A. Smith Iii.2006–2008
  2. Ronald L. Haan2011–2022
  3. Jon Swets2023–2024

President

  1. Philip J. Koning2008
  2. Ronald L. Haan2011–2022
  3. Jon Swets2023

Chief financial officer

  1. Jon Swets2006–2022
  2. Bryan L. Barker2023–2024

Chief operating officer

  1. Craig A. Hankinson2017–2024
2010201520202025
Board members and other officers (27)

Timeline

  1. Aug 1, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights44
  2. Jul 31, 20248-K Shareholder vote; Regulation FD disclosure45
  3. Jul 31, 20248-K Shareholder vote; Regulation FD disclosure46
  4. Apr 25, 20248-K Results of operations; Other events47
  5. Apr 15, 20248-K Entered a material agreement; Other events48
  6. Jan 25, 20248-K Results of operations49
  7. Nov 17, 2023New chief executive Jon Swets becomes CEO13
  8. Oct 26, 20238-K Results of operations50
  9. Oct 26, 20238-K Regulation FD disclosure; Other events51
  10. Oct 19, 20238-K Executive or director change; Regulation FD disclosure52
  11. Jul 27, 20238-K Results of operations53
  12. May 3, 20238-K Shareholder vote54
  13. Apr 27, 20238-K Results of operations55
  14. Jun 9, 2011New chief executive Ronald L. Haan becomes CEO14
  15. Jan 27, 2006New chief executive Benj A. Smith Iii. becomes CEO15

Calendar

When it reported results

  1. Apr 25, 2024Reported quarterly or annual results47
  2. Jan 25, 2024Reported quarterly or annual results49
  3. Oct 26, 2023Reported quarterly or annual results50
  4. Jul 27, 2023Reported quarterly or annual results53
  5. Apr 27, 2023Reported quarterly or annual results55
  6. Jan 26, 2023Reported quarterly or annual results56
  7. Oct 27, 2022Reported quarterly or annual results57
  8. Jul 28, 2022Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

113 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 19 major events, 64 insider forms, 6 large holders, 12 other. The latest 20:

  1. Nov 15, 2024SCHEDULE 13G/A EDGAR
  2. Aug 12, 202415-12G EDGAR
  3. Aug 2, 2024S-8 POS EDGAR
  4. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  5. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  6. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  7. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  8. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  9. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  10. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  11. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  12. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  13. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  14. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  15. Aug 2, 20244 OWNERSHIP DOCUMENT EDGAR
  16. Aug 1, 202425-NSE EDGAR
  17. Aug 1, 20244 OWNERSHIP DOCUMENT EDGAR
  18. Aug 1, 20248-K EDGAR
  19. Jul 31, 20248-K/A MCBC FORM 8-K/A EDGAR
  20. Jul 31, 20248-K MCBC FORM 8-K EDGAR

The 113 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 9 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 24, 2022Rosenbach Thomas PDirectorBuy4,682$8.80$41.2KForm 4
May 13, 2022Rosenbach Thomas PDirectorBuy3,000$8.97$26.9KForm 4
May 12, 2022Rosenbach Thomas PDirectorBuy908$8.86$8.0KForm 4
May 11, 2022Rosenbach Thomas PDirectorBuy3,000$8.91$26.7KForm 4
May 9, 2022Rosenbach Thomas PDirectorBuy210$8.84$1.9KForm 4
May 9, 2022Rosenbach Thomas PDirectorBuy1,855$8.83$16.4KForm 4
Mar 9, 2022Rosenbach Thomas PDirectorBuy7,000$9.08$63.6KForm 4
Mar 8, 2022Rosenbach Thomas PDirectorBuy5,000$9.02$45.1KForm 4
Mar 7, 2022Rosenbach Thomas PDirectorBuy1,200$9.02$10.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

6 such filings since October 2021:

  1. Nov 15, 2024SCHEDULE 13G/A
  2. Feb 14, 2024SC 13G
  3. Feb 7, 2024SC 13G/A
  4. Jan 31, 2024SC 13G
  5. Apr 8, 2022SC 13G/A
  6. Feb 4, 2022SC 13G

SEC filer profile

How MACATAWA BANK CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMACATAWA BANK CORP1
  • CIK0001053584
  • Employer ID (EIN)38-33913451
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inMichigan1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address10753 Macatawa Drive, Holland, MI 494241
  • Phone616-820-14441
  • Shares outstanding34,361,562 as of Apr 25, 202411
  • Public float$290.9M as of Jun 30, 202312
  • On EDGAR sinceFeb 6, 19981
  • Filings934 in all: 4 (384), 8-K (195), 10-Q (73), DEF 14A (25), 10-K (24), 4/A (23), 3 (20), CORRESP (19)1
    All 51 form types

    11-K (17), UPLOAD (17), 13F-HR (12), S-8 (10), DEFA14A (9), SC 13G (9), 5 (7), 8-K/A (7), SC 13D (7), 10QSB (6), FWP (6), SB-2/A (5), SC 13G/A (5), 424B3 (4), 425 (4), EFFECT (4), PRE 14A (3), S-8 POS (3), SC 13D/A (3), 10KSB (2), 13F-HR/A (2), 424B4 (2), 424B7 (2), D (2), S-1/A (2), S-2/A (2), S-3 (2), SB-2 (2), 10-K/A (1), 10-Q/A (1), 13F-NT (1), 15-12G (1), 25-NSE (1), 8-A12G (1), ARS (1), DEFM14A (1), POS AM (1), S-1 (1), S-2 (1), S-3/A (1), S-4 (1), S-4/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 15, 2024
    Quarterly report (10-Q) Apr 25, 2024
    Proxy statement (DEF 14A) Mar 17, 2023
    Latest 8-K (8-K) Aug 1, 2024

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