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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.40
MCBC's Cash to Debt is ranked higher than
60% of the 1734 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.88 vs. MCBC: 0.40 )
MCBC' s 10-Year Cash to Debt Range
Min: 0.08   Max: 8.98
Current: 0.4

0.08
8.98
Equity to Asset 0.09
MCBC's Equity to Asset is ranked higher than
61% of the 2241 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. MCBC: 0.09 )
MCBC' s 10-Year Equity to Asset Range
Min: 0.04   Max: 0.1
Current: 0.09

0.04
0.1
Interest Coverage 2.69
MCBC's Interest Coverage is ranked higher than
80% of the 2151 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.25 vs. MCBC: 2.69 )
MCBC' s 10-Year Interest Coverage Range
Min: 0.07   Max: 9999.99
Current: 2.69

0.07
9999.99
F-Score: 6
Z-Score: 0.09
WACC vs ROIC
9.78%
5.03%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 25.24
MCBC's Operating margin (%) is ranked higher than
67% of the 2344 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.14 vs. MCBC: 25.24 )
MCBC' s 10-Year Operating margin (%) Range
Min: -150.78   Max: 40.54
Current: 25.24

-150.78
40.54
Net-margin (%) 17.57
MCBC's Net-margin (%) is ranked higher than
65% of the 2344 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.16 vs. MCBC: 17.57 )
MCBC' s 10-Year Net-margin (%) Range
Min: -91.98   Max: 56.25
Current: 17.57

-91.98
56.25
ROE (%) 7.60
MCBC's ROE (%) is ranked higher than
69% of the 2347 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.98 vs. MCBC: 7.60 )
MCBC' s 10-Year ROE (%) Range
Min: -53.66   Max: 31.56
Current: 7.6

-53.66
31.56
ROA (%) 0.69
MCBC's ROA (%) is ranked higher than
67% of the 2356 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.81 vs. MCBC: 0.69 )
MCBC' s 10-Year ROA (%) Range
Min: -3.2   Max: 2.31
Current: 0.69

-3.2
2.31
ROC (Joel Greenblatt) (%) 28.20
MCBC's ROC (Joel Greenblatt) (%) is ranked higher than
57% of the 2318 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 87.69 vs. MCBC: 28.20 )
MCBC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -116.05   Max: 62.23
Current: 28.2

-116.05
62.23
Revenue Growth (3Y)(%) -14.20
MCBC's Revenue Growth (3Y)(%) is ranked higher than
51% of the 1995 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.00 vs. MCBC: -14.20 )
MCBC' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 17.6
Current: -14.2

0
17.6
EBITDA Growth (3Y)(%) 11.50
MCBC's EBITDA Growth (3Y)(%) is ranked higher than
80% of the 1805 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. MCBC: 11.50 )
MCBC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 71
Current: 11.5

0
71
EPS Growth (3Y)(%) 6.00
MCBC's EPS Growth (3Y)(%) is ranked higher than
69% of the 1825 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.90 vs. MCBC: 6.00 )
MCBC' s 10-Year EPS Growth (3Y)(%) Range
Min: -33.3   Max: 82.7
Current: 6

-33.3
82.7
» MCBC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

MCBC Guru Trades in Q1 2014

Jim Simons 119,472 sh (-9.56%)
» More
Q2 2014

MCBC Guru Trades in Q2 2014

Jim Simons 117,015 sh (-2.06%)
» More
Q3 2014

MCBC Guru Trades in Q3 2014

Jim Simons 133,182 sh (+13.82%)
» More
Q4 2014

MCBC Guru Trades in Q4 2014

Jim Simons 198,889 sh (+49.34%)
» More
» Details

Insider Trades

Latest Guru Trades with MCBC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 17.20
MCBC's P/E(ttm) is ranked higher than
71% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.90 vs. MCBC: 17.20 )
MCBC' s 10-Year P/E(ttm) Range
Min: 2.17   Max: 42.72
Current: 17.2

2.17
42.72
Forward P/E 7.08
MCBC's Forward P/E is ranked higher than
95% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. MCBC: 7.08 )
N/A
PE(NRI) 17.00
MCBC's PE(NRI) is ranked higher than
74% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.70 vs. MCBC: 17.00 )
MCBC' s 10-Year PE(NRI) Range
Min: 2.18   Max: 43.5
Current: 17

2.18
43.5
P/B 1.20
MCBC's P/B is ranked higher than
69% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.40 vs. MCBC: 1.20 )
MCBC' s 10-Year P/B Range
Min: 0.25   Max: 2.97
Current: 1.2

0.25
2.97
P/S 3.10
MCBC's P/S is ranked higher than
67% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.82 vs. MCBC: 3.10 )
MCBC' s 10-Year P/S Range
Min: 0.28   Max: 12.27
Current: 3.1

0.28
12.27
PFCF 12.00
MCBC's PFCF is ranked higher than
81% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. MCBC: 12.00 )
MCBC' s 10-Year PFCF Range
Min: 0.71   Max: 74.77
Current: 12

0.71
74.77
POCF 10.78
MCBC's POCF is ranked higher than
82% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 225.87 vs. MCBC: 10.78 )
MCBC' s 10-Year POCF Range
Min: 0.7   Max: 36.81
Current: 10.78

0.7
36.81
EV-to-EBIT 17.19
MCBC's EV-to-EBIT is ranked higher than
74% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.40 vs. MCBC: 17.19 )
MCBC' s 10-Year EV-to-EBIT Range
Min: -19.6   Max: 101.8
Current: 17.19

-19.6
101.8
Days Sales Outstanding 20.81
MCBC's Days Sales Outstanding is ranked higher than
95% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. MCBC: 20.81 )
MCBC' s 10-Year Days Sales Outstanding Range
Min: 19.73   Max: 165.37
Current: 20.81

19.73
165.37

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.50
MCBC's Dividend Yield is ranked lower than
70% of the 2193 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.43 vs. MCBC: 1.50 )
MCBC' s 10-Year Dividend Yield Range
Min: 0.37   Max: 14.86
Current: 1.5

0.37
14.86
Dividend Payout 0.26
MCBC's Dividend Payout is ranked higher than
84% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.69 vs. MCBC: 0.26 )
MCBC' s 10-Year Dividend Payout Range
Min: 0.07   Max: 0.95
Current: 0.26

0.07
0.95
Yield on cost (5-Year) 1.50
MCBC's Yield on cost (5-Year) is ranked lower than
71% of the 2203 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. MCBC: 1.50 )
MCBC' s 10-Year Yield on cost (5-Year) Range
Min: 0.37   Max: 14.86
Current: 1.5

0.37
14.86
Share Buyback Rate -14.10
MCBC's Share Buyback Rate is ranked higher than
54% of the 1645 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.50 vs. MCBC: -14.10 )
MCBC' s 10-Year Share Buyback Rate Range
Min: 0.5   Max: -31.7
Current: -14.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.30
MCBC's Price/Tangible Book is ranked higher than
75% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. MCBC: 1.30 )
MCBC' s 10-Year Price/Tangible Book Range
Min: 0.5   Max: 3.21
Current: 1.3

0.5
3.21
Price/DCF (Projected) 0.60
MCBC's Price/DCF (Projected) is ranked higher than
89% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. MCBC: 0.60 )
MCBC' s 10-Year Price/DCF (Projected) Range
Min: 0.15   Max: 1.92
Current: 0.6

0.15
1.92
Price/Median PS Value 1.30
MCBC's Price/Median PS Value is ranked higher than
68% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. MCBC: 1.30 )
MCBC' s 10-Year Price/Median PS Value Range
Min: 0.23   Max: 4.29
Current: 1.3

0.23
4.29
Price/Graham Number 1.00
MCBC's Price/Graham Number is ranked higher than
76% of the 3164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. MCBC: 1.00 )
MCBC' s 10-Year Price/Graham Number Range
Min: 0.24   Max: 2.24
Current: 1

0.24
2.24
Earnings Yield (Greenblatt) 5.90
MCBC's Earnings Yield (Greenblatt) is ranked higher than
65% of the 2337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. MCBC: 5.90 )
MCBC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1   Max: 11.6
Current: 5.9

1
11.6
Forward Rate of Return (Yacktman) 12.14
MCBC's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 1371 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.52 vs. MCBC: 12.14 )
MCBC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.7   Max: 107.8
Current: 12.14

2.7
107.8

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Macatawa Bank Corp was incorporated in 1997. The Company's business is concentrated in a single industry segment - commercial banking. Through its wholly-owned subsidiary, Macatawa Bank, it offer a full range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans through its twenty-six branch offices and a lending and operation service facility in Ottawa County, Kent County and northern Allegan County, Michigan. Other services it offers include ATMs, internet banking, telephone banking and debit cards. The Bank provides various brokerage services, including discount brokerage through Infinex, personal financial planning and consultation regarding mutual funds. Its lending activities includes, commercial and industrial loans; commercial real estate loans; construction and development loans; multi-family and other non-residential real estate loans; retail loans; residential mortgage loans.; and consumer loans. It offers various deposit services including, checking accounts, savings accounts and time deposits of various types. It solicits deposit services from individuals, businesses, associations, churches, nonprofit organizations, financial institutions and government authorities. Deposits are gathered mainly from the communities it serves through its network of 26 branches. It offers business and consumer checking accounts, regular and money market savings accounts, and certificates of deposit with many term options. It also face competition from finance companies, insurance companies, mortgage companies, securities brokerage firms, money market funds and other providers of financial services. The Bank is subject to regulation by the Federal Reserve, the FDIC and OFIR, in addition to other regulatory and self-regulatory organizations.
» More Articles for MCBC

Headlines

Articles On GuruFocus.com
Banking on Michigan: More Than Just Automation Alley Aug 30 2013 
Macatawa Bank Corp. Reports Operating Results (10-K) Feb 24 2011 
Macatawa Bank Corp. Reports Operating Results (10-Q) Oct 28 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Jul 29 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Apr 29 2010 
Macatawa Bank Corp. Reports Operating Results (10-Q) Oct 30 2009 
Macatawa Bank Corp. Reports Operating Results (10-Q) May 08 2009 

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