Macatawa Bank Corporation Income Statement
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
132M
867.25%
114M
18M
15M
30M
0M
54M
1M
54M
11M
43M
24.45%
79M
87M
54M
0M
52M
14M
-82.86%
0M
14M
1M
28M
0M
48M
5M
43M
8M
35M
19.70%
1M
70M
49M
2M
48M
80M
-6.72%
0M
80M
-44M
26M
0M
36M
3M
36M
7M
29M
-3.82%
44M
56M
38M
3M
36M
86M
2.76%
0M
86M
-49M
26M
0M
37M
6M
37M
7M
30M
-5.67%
49M
62M
39M
3M
37M
83M
7.89%
0M
83M
-44M
25M
0M
39M
12M
39M
7M
32M
21.23%
44M
63M
42M
2M
39M
77M
11.20%
1M
76M
-34M
26M
0M
42M
9M
32M
6M
26M
61.91%
34M
60M
44M
3M
42M
69M
4.13%
4M
69M
-37M
25M
0M
33M
6M
27M
11M
16M
2.14%
37M
52M
35M
2M
33M
67M
7.66%
4M
67M
-39M
26M
0M
27M
5M
22M
6M
16M
24.68%
39M
48M
30M
0M
27M
62M
7.41%
2M
62M
-38M
26M
0M
24M
5M
18M
6M
13M
22.16%
38M
44M
27M
0M
24M
58M
0.32%
2M
58M
-37M
24M
0M
21M
6M
15M
0M
10M
9.68%
37M
0M
24M
0M
21M
57M
-8.98%
3M
57M
-36M
24M
0M
21M
7M
14M
0M
10M
-73.09%
36M
0M
24M
0M
21M
63M
3.10%
3M
63M
-36M
25M
0M
27M
10M
17M
0M
35M
508.85%
36M
0M
30M
0M
27M
61M
-10.79%
10M
61M
-41M
37M
0M
20M
14M
6M
0M
6M
-132.65%
41M
0M
23M
0M
20M
69M
-1.30%
48M
69M
-60M
38M
0M
9M
25M
-17M
0M
-18M
-71.95%
60M
0M
12M
0M
9M
69M
-8.90%
117M
69M
-99M
43M
0M
-29M
43M
-72M
0M
-64M
63.80%
99M
0M
-25M
0M
-29M
76M
-3.47%
95M
76M
-66M
27M
0M
11M
58M
-47M
0M
-39M
-519.18%
66M
0M
15M
0M
11M
79M
-3.16%
92M
79M
10M
25M
0M
89M
76M
13M
0M
9M
-53.26%
10M
0M
93M
0M
89M
82M
7.59%
74M
82M
13M
25M
0M
95M
66M
29M
0M
20M
-5.06%
13M
0M
98M
0M
95M
76M
22.20%
46M
76M
-3M
22M
0M
73M
43M
31M
0M
21M
63.50%
3M
0M
76M
0M
73M
62M
19.96%
34M
62M
-17M
19M
0M
45M
26M
19M
0M
13M
8.46%
17M
0M
48M
0M
45M
52M
24.15%
26M
52M
-12M
16M
0M
40M
22M
18M
0M
12M
23.83%
12M
0M
43M
0M
40M
42M
63.80%
26M
42M
-5M
13M
0M
37M
23M
14M
0M
10M
85.95%
5M
0M
39M
0M
37M
25M
36.40%
23M
25M
3M
8M
0M
29M
21M
8M
0M
5M
52.78%
3M
0M
30M
0M
29M
19M
54.13%
20M
19M
3M
7M
0M
22M
18M
4M
0M
3M
383.00%
3M
0M
23M
0M
22M
12M
347.19%
0M
12M
-2M
5M
0M
10M
9M
0M
0M
1M
-127.86%
2M
0M
11M
0M
10M
3M
-
0M
3M
-2M
0M
0M
1M
3M
0M
0M
-2M
-127.86%
2M
0M
1M
0M
1M
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
4Q2000
3Q2000
2Q2000
1Q2000
4Q1999
3Q1999
2Q1999
1Q1999
4Q1998
3Q1998
2Q1998
34M
151.02%
0M
34M
4M
9M
0M
-47M
0M
12M
2M
9M
-21.64%
23M
21M
20M
0M
18M
30M
22.81%
0M
30M
0M
7M
0M
14M
8M
14M
3M
11M
13.62%
0M
22M
14M
0M
14M
25M
29.58%
-2M
25M
0M
7M
0M
13M
6M
13M
2M
10M
57.00%
0M
21M
13M
0M
13M
27M
55.07%
0M
27M
0M
8M
0M
20M
5M
15M
3M
12M
100.07%
0M
23M
20M
0M
20M
14M
-24.76%
0M
14M
1M
4M
0M
18M
3M
15M
3M
12M
94.93%
1M
23M
18M
0M
18M
24M
24.09%
0M
24M
0M
8M
0M
14M
1M
13M
2M
10M
39.48%
0M
20M
14M
0M
14M
20M
-3.31%
0M
20M
0M
8M
0M
9M
1M
8M
1M
7M
-15.99%
0M
15M
9M
0M
9M
17M
-16.44%
0M
17M
-9M
7M
0M
8M
0M
7M
1M
6M
-22.86%
9M
13M
9M
1M
8M
18M
-22.95%
0M
18M
-23M
6M
0M
8M
1M
8M
1M
6M
-30.91%
23M
13M
9M
1M
8M
20M
-4.18%
0M
20M
0M
7M
0M
9M
1M
9M
2M
7M
1.15%
0M
14M
10M
1M
9M
20M
-3.17%
0M
20M
0M
8M
0M
10M
1M
10M
2M
8M
2.36%
0M
14M
11M
1M
10M
21M
3.87%
0M
21M
0M
8M
0M
10M
1M
10M
2M
8M
21.32%
0M
14M
11M
0M
10M
24M
13.59%
0M
24M
-22M
7M
0M
12M
1M
11M
2M
9M
10.10%
22M
17M
12M
1M
12M
20M
-1.46%
0M
20M
0M
7M
0M
10M
1M
9M
2M
7M
-12.72%
0M
15M
11M
1M
10M
21M
0.86%
0M
21M
0M
6M
0M
11M
1M
9M
2M
8M
-4.56%
0M
15M
12M
1M
11M
20M
-2.28%
0M
20M
0M
8M
0M
10M
2M
8M
1M
6M
-16.15%
0M
15M
11M
1M
10M
21M
3.65%
0M
21M
-22M
6M
0M
13M
3M
10M
2M
8M
16.03%
22M
16M
13M
1M
13M
21M
7.41%
0M
21M
0M
7M
0M
13M
3M
10M
2M
8M
19.06%
0M
16M
14M
0M
13M
21M
10.55%
0M
21M
0M
7M
0M
13M
3M
10M
2M
8M
18.95%
0M
16M
14M
1M
13M
20M
15.77%
0M
20M
0M
6M
0M
13M
3M
9M
2M
8M
32.86%
0M
16M
13M
1M
13M
20M
11.75%
4M
20M
-23M
6M
0M
12M
3M
9M
0M
7M
221.01%
23M
0M
12M
1M
12M
19M
11.44%
3M
19M
0M
7M
0M
11M
3M
8M
0M
7M
40.55%
0M
0M
12M
1M
11M
19M
9.24%
2M
19M
0M
7M
0M
10M
2M
8M
0M
7M
41.29%
0M
0M
11M
1M
10M
18M
5.97%
2M
18M
0M
7M
0M
9M
2M
7M
0M
6M
29.04%
0M
0M
9M
1M
9M
18M
4.54%
2M
18M
22M
7M
0M
8M
2M
7M
0M
2M
-46.59%
22M
0M
9M
1M
8M
17M
4.64%
1M
17M
0M
7M
0M
9M
1M
7M
0M
5M
5.89%
0M
0M
9M
0M
9M
17M
10.15%
1M
17M
0M
7M
0M
8M
1M
7M
0M
5M
27.16%
0M
0M
9M
0M
8M
17M
3.51%
1M
17M
0M
7M
0M
8M
1M
6M
0M
4M
27.61%
0M
0M
8M
1M
8M
17M
7.42%
1M
17M
22M
6M
0M
7M
1M
6M
0M
4M
16.11%
22M
0M
8M
1M
7M
17M
6.90%
1M
17M
0M
7M
0M
7M
1M
6M
0M
5M
43.83%
0M
0M
8M
1M
7M
16M
3.15%
1M
16M
0M
7M
0M
7M
1M
5M
0M
4M
16.49%
0M
0M
7M
1M
7M
16M
12.69%
1M
16M
0M
7M
0M
6M
1M
5M
0M
3M
23.06%
0M
0M
7M
1M
6M
16M
7.94%
-1M
16M
22M
6M
0M
6M
1M
5M
0M
4M
52.70%
22M
0M
7M
1M
6M
15M
11.47%
1M
15M
0M
7M
0M
6M
1M
5M
0M
3M
15.89%
0M
0M
7M
1M
6M
15M
11.15%
1M
15M
0M
7M
0M
6M
1M
5M
0M
3M
16.70%
0M
0M
7M
1M
6M
14M
1.68%
0M
14M
0M
7M
0M
5M
1M
4M
0M
3M
7.62%
0M
0M
6M
1M
5M
15M
3.95%
1M
15M
21M
6M
0M
5M
1M
3M
0M
2M
3.72%
21M
0M
5M
1M
5M
14M
-1.46%
1M
14M
0M
7M
0M
5M
1M
4M
0M
3M
23.41%
0M
0M
6M
1M
5M
14M
-3.07%
0M
14M
0M
7M
0M
5M
1M
4M
0M
3M
5.84%
0M
0M
6M
1M
5M
14M
-3.19%
0M
14M
0M
6M
0M
5M
1M
4M
0M
3M
6.71%
0M
0M
6M
1M
5M
14M
-3.73%
1M
14M
21M
6M
0M
5M
2M
3M
0M
2M
-89.48%
21M
0M
6M
1M
5M
14M
-21.80%
0M
14M
0M
6M
0M
5M
2M
3M
0M
2M
-66.01%
0M
0M
6M
1M
5M
14M
-8.50%
1M
14M
0M
7M
0M
6M
2M
4M
0M
3M
-18.30%
0M
0M
6M
1M
6M
14M
-3.64%
1M
14M
0M
6M
0M
6M
2M
4M
0M
2M
-44.86%
0M
0M
6M
1M
6M
15M
-2.05%
2M
15M
-26M
6M
0M
4M
2M
2M
0M
21M
1,855.25%
26M
0M
5M
1M
4M
18M
16.66%
1M
18M
0M
8M
0M
9M
2M
7M
0M
7M
525.95%
0M
0M
10M
1M
9M
15M
-0.49%
1M
15M
0M
9M
0M
6M
3M
3M
0M
3M
32.69%
0M
0M
6M
1M
6M
15M
-1.87%
0M
15M
0M
9M
0M
7M
3M
4M
0M
4M
247.41%
0M
0M
8M
1M
7M
15M
-10.14%
3M
15M
-24M
16M
0M
4M
3M
1M
0M
1M
30.06%
24M
0M
5M
1M
4M
15M
-4.55%
2M
15M
0M
7M
0M
4M
3M
1M
0M
1M
49.64%
0M
0M
5M
1M
4M
15M
-19.55%
2M
15M
0M
10M
0M
6M
4M
2M
0M
2M
37.36%
0M
0M
7M
1M
6M
15M
-7.39%
3M
15M
0M
9M
0M
6M
4M
1M
0M
1M
-106.11%
0M
0M
6M
1M
6M
17M
-0.77%
5M
17M
-30M
9M
0M
6M
5M
1M
0M
1M
-109.07%
30M
0M
6M
1M
6M
16M
-3.95%
7M
16M
0M
10M
0M
7M
6M
1M
0M
1M
-103.54%
0M
0M
8M
1M
7M
19M
8.61%
9M
19M
0M
10M
0M
10M
7M
3M
0M
2M
-105.75%
0M
0M
10M
1M
10M
16M
-8.96%
28M
16M
0M
10M
0M
-13M
8M
-21M
0M
-21M
410.38%
0M
0M
-12M
1M
-13M
17M
-3.08%
31M
17M
28M
16M
0M
-11M
9M
-21M
0M
-9M
-73.73%
28M
0M
-10M
1M
-11M
17M
-11.31%
32M
17M
0M
10M
0M
-10M
10M
-20M
0M
-20M
-1,162.69%
0M
0M
-9M
1M
-10M
18M
-12.51%
32M
18M
0M
9M
0M
-13M
11M
-24M
0M
-30M
-1,500.55%
0M
0M
-12M
1M
-13M
18M
-8.03%
23M
18M
0M
9M
0M
5M
12M
-7M
0M
-4M
-269.89%
0M
0M
6M
1M
5M
17M
-8.11%
27M
17M
21M
6M
0M
-27M
13M
-40M
0M
-35M
1,242.15%
21M
0M
-26M
1M
-27M
19M
-4.49%
16M
19M
1M
7M
0M
16M
14M
3M
0M
2M
-23.85%
1M
0M
17M
1M
16M
20M
-1.05%
33M
20M
1M
7M
0M
17M
14M
3M
0M
2M
-52.70%
1M
0M
18M
1M
17M
20M
-0.47%
19M
20M
1M
7M
0M
20M
17M
3M
0M
2M
-49.58%
1M
0M
21M
1M
20M
19M
-9.08%
29M
19M
-5M
7M
0M
14M
19M
-4M
0M
-3M
-191.81%
5M
0M
15M
1M
14M
20M
-3.50%
23M
20M
1M
6M
0M
23M
20M
3M
0M
2M
-59.11%
1M
0M
24M
1M
23M
20M
-1.21%
20M
20M
1M
6M
0M
26M
19M
7M
0M
5M
-20.26%
1M
0M
27M
1M
26M
20M
1.47%
20M
20M
1M
6M
0M
26M
19M
7M
0M
5M
-7.41%
1M
0M
27M
1M
26M
21M
6.00%
24M
21M
2M
6M
0M
22M
19M
4M
0M
3M
-48.66%
2M
0M
23M
1M
22M
21M
4.21%
18M
21M
1M
6M
0M
27M
18M
9M
0M
6M
8.27%
1M
0M
27M
1M
27M
21M
9.27%
17M
21M
1M
6M
0M
24M
16M
8M
0M
6M
9.39%
1M
0M
25M
1M
24M
20M
11.37%
15M
20M
1M
6M
0M
22M
14M
8M
0M
5M
15.15%
1M
0M
22M
1M
22M
20M
14.80%
13M
20M
1M
6M
0M
21M
13M
8M
0M
6M
24.60%
1M
0M
22M
1M
21M
20M
24.40%
13M
20M
1M
6M
0M
20M
12M
8M
0M
6M
162.29%
1M
0M
21M
1M
20M
19M
23.07%
11M
19M
1M
5M
0M
18M
10M
8M
0M
5M
57.26%
1M
0M
18M
1M
18M
18M
27.95%
9M
18M
1M
5M
0M
15M
8M
7M
0M
5M
58.23%
1M
0M
16M
1M
15M
17M
28.03%
9M
17M
-3M
5M
0M
14M
8M
7M
0M
4M
49.51%
3M
0M
15M
1M
14M
16M
15.73%
11M
16M
0M
5M
0M
10M
7M
3M
0M
2M
-30.92%
0M
0M
10M
1M
10M
15M
20.75%
8M
15M
1M
5M
0M
11M
6M
5M
0M
3M
14.12%
1M
0M
12M
1M
11M
14M
14.91%
7M
14M
0M
4M
0M
10M
6M
4M
0M
3M
1.99%
0M
0M
11M
1M
10M
13M
7.41%
7M
13M
13M
4M
0M
10M
6M
4M
0M
3M
2.06%
13M
0M
10M
1M
10M
14M
18.88%
6M
14M
1M
4M
0M
10M
5M
5M
0M
3M
11.99%
1M
0M
11M
1M
10M
13M
20.67%
6M
13M
-3M
4M
0M
10M
6M
4M
0M
3M
24.77%
3M
0M
11M
1M
10M
12M
67.17%
7M
12M
-2M
4M
0M
10M
6M
4M
0M
3M
85.60%
2M
0M
11M
1M
10M
12M
74.65%
7M
12M
-2M
4M
0M
10M
6M
4M
0M
3M
98.05%
2M
0M
11M
1M
10M
12M
74.93%
7M
12M
-1M
4M
0M
10M
6M
4M
0M
3M
102.50%
1M
0M
11M
1M
10M
11M
74.30%
7M
11M
-1M
3M
0M
10M
6M
3M
0M
2M
95.48%
1M
0M
10M
1M
10M
7M
25.93%
5M
7M
-1M
2M
0M
7M
4M
2M
0M
2M
38.72%
1M
0M
7M
0M
7M
7M
35.80%
5M
7M
0M
2M
0M
7M
5M
2M
0M
1M
39.98%
0M
0M
7M
0M
7M
7M
36.16%
6M
7M
1M
2M
0M
7M
5M
2M
0M
1M
42.60%
1M
0M
8M
0M
7M
6M
31.24%
6M
6M
1M
2M
0M
7M
5M
2M
0M
1M
46.01%
1M
0M
8M
0M
7M
6M
43.54%
6M
6M
1M
2M
0M
7M
5M
2M
0M
1M
107.25%
1M
0M
7M
0M
7M
5M
42.30%
6M
5M
1M
2M
0M
7M
5M
2M
0M
1M
150.35%
1M
0M
7M
0M
7M
5M
46.86%
5M
5M
1M
2M
0M
6M
5M
1M
0M
1M
215.71%
1M
0M
6M
0M
6M
5M
62.43%
5M
5M
1M
2M
0M
5M
4M
1M
0M
1M
1,958.31%
1M
0M
5M
0M
5M
4M
73.69%
4M
4M
0M
2M
0M
4M
4M
1M
0M
1M
-852.30%
0M
0M
4M
0M
4M
4M
92.71%
3M
1M
6M
3M
0M
0M
3M
0M
0M
0M
-207.69%
9M
0M
4M
0M
3M
3M
140.88%
3M
1M
6M
3M
0M
0M
3M
0M
0M
0M
-146.15%
8M
0M
3M
0M
3M
3M
253.75%
2M
1M
5M
3M
0M
0M
2M
0M
0M
0M
-104.35%
7M
0M
2M
0M
2M
2M
-
2M
1M
4M
2M
0M
0M
2M
0M
0M
0M
-104.35%
6M
0M
2M
0M
2M
2M
-
2M
0M
4M
2M
0M
0M
2M
0M
0M
0M
-104.35%
5M
0M
1M
0M
1M
1M
-
1M
0M
3M
2M
0M
-1M
1M
-1M
0M
-1M
-104.35%
4M
0M
0M
0M
0M
1M
-
0M
0M
2M
2M
0M
-1M
0M
-1M
0M
-1M
-104.35%
3M
0M
0M
0M
0M