Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Cash Interest Coverage Ratio 1 year YoY Change (%) for the year ending December 31, 2023: 838.92%

Macatawa Bank Corporation Cash Interest Coverage Ratio 1 year YoY Change (%) is 838.92% for the year ending December 31, 2023, a 1,855.08% change year over year. The cash interest coverage ratio measures a company's ability to cover its interest expenses with its operating cash flow. It is calculated by dividing operating cash flow by interest expense. This ratio indicates the company's capacity to generate sufficient cash flow to meet its interest obligations. A higher ratio signifies better coverage and financial stability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Macatawa Bank Corporation Cash Interest Coverage Ratio for the year ending December 31, 2022 was 7.31, a -47.80% change year over year.
Macatawa Bank Corporation Cash Interest Coverage Ratio for the year ending December 31, 2021 was 14.01, a 160.50% change year over year.
Macatawa Bank Corporation Cash Interest Coverage Ratio for the year ending December 31, 2020 was 5.38.

NASDAQ: MCBC

Macatawa Bank Corporation

CEO	Mr. Ronald L. Haan
IPO Date	May 20, 1998
Location	United States
Headquarters	10753 Macatawa Drive, Holland, MI, United States, 49424
Employees	287
Sector	Financial Services
Industry	Banks - regional

Description

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

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