{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013246","form_type":"8-K","ticker":null,"cik":"0001053584","company_name":"MACATAWA BANK CORP","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.062440+00:00","generated_at":"2026-06-03T07:20:22.173614+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Macatawa Bank Q1 net income $9.8M ($0.29 EPS), down from $12.0M; announces merger with Wintrust","bullets":["Net income $9.8M ($0.29 diluted) in Q1 2024 vs $12.0M ($0.35) in Q1 2023; net interest margin 3.26% vs 3.44%.","Entered definitive merger agreement with Wintrust Financial Corp on April 15, 2024; $300K merger-related expenses incurred.","Loan portfolio grew $3.8M (1.1% annualized) in Q1 2024; total loans $1.34B at quarter end.","Deposits decreased $131.3M in Q1 2024 due to seasonal municipal and business deposit fluctuations.","Non-performing assets below $1,000; allowance for credit losses at 1.30% of loans; no provision needed."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013246","json":"https://secwatch.observer/filing/0001437749-24-013246.json","markdown":"https://secwatch.observer/filing/0001437749-24-013246.md","text":"https://secwatch.observer/filing/0001437749-24-013246.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1053584/000143774924013246/0001437749-24-013246-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1053584/000143774924013246/mcbc20240223_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:20:22.173614+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e9f478612c7d3a9f316a6b9ad4f276b6d2356bf","claim":"MACATAWA BANK CORP reported first quarter 2024 results: net income $9.8 million, EPS $0.29 per diluted share.","evidence_excerpt":"The Company reported net income of $9.8 million, or $0.29 per diluted share, in first quarter 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1053584/000143774924013246/0001437749-24-013246-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$9.8 million"},{"label":"EPS","value":"$0.29 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}