MACKINAC FINANCIAL CORP /MI/ company info

CIK 36506
IRS Number 382062816
State of incorporation MI
Business address 130 SOUTH CEDAR STREET
PO BOX 369
MANISTIQUE
MI
49854
Mail address 130 S CEDAR ST
P O BOX 369
MANISTIQUE
MI
49854

Short summary

MACKINAC FINANCIAL CORP /MI/ is a Michigan company, with head office located at 130 South Cedar Street Manistique, Michigan 49854. In 2017 the company owned a total of 1.02 billion USD worth of assets. 2016 was the year when the company amassed the most assets.

MACKINAC FINANCIAL CORP /MI/ Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Interest expense 7.426.465.144.604.124.144.394.89
Income Tax Expense (Benefit) 1.12-3.501.10-0.92-0.401.132.332.28
Net income 2.42-0.422.227.095.941.705.604.48

MACKINAC FINANCIAL CORP /MI/ Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 10.1151.1734.2933.2526.2220.7516.6640.2488.9857.68
Property, Plant and Equipment, Gross 19.0821.1521.6724.8626.0230.02
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 9.4510.5211.4612.2013.4914.13
Goodwill 3.815.175.695.69
Total assets 500.77492.37524.37553.50595.87735.34892.331,027.451,015.07
Long-term Debt 36.1436.0736.00
Total liabilities 444.54437.59464.01486.98529.39659.59815.25946.14932.42
Common Stock, Value, Issued 43.5143.5343.53
Retained Earnings (Accumulated Deficit) 1.24-0.105.138.1612.3313.8514.9819.1020.44
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.880.550.700.430.450.77

MACKINAC FINANCIAL CORP /MI/ Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 2.42-0.422.227.095.941.705.604.48
Depreciation and amortization 2.031.641.421.551.661.501.671.92
Depreciation 1.101.071.091.231.341.461.62
Amortization of Intangible Assets 0.010.120.20
Deferred Income Tax Expense (Benefit) 1.12-3.500.782.081.851.133.091.80
Net Cash Provided by (Used in) Operating Activities -8.7019.481.88
Payments to Acquire Productive Assets 0.680.611.032.101.501.431.342.14
Payments to Acquire Businesses, Net of Cash Acquired 1.90
Net Cash Provided by (Used in) Investing Activities -47.365.04-19.91
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 5.04-26.18-56.22-38.95-54.98-5.99-42.30
Proceeds from Issuance of Long-term Debt 3
Payments for Repurchase of Common Stock 0.510.141.120.15
Payments of Ordinary Dividends, Common Stock 0.220.941.312.182.50
Net Cash Provided by (Used in) Financing Activities 91.38-35.2317.39
Cash and Cash Equivalents, Period Increase (Decrease) 35.32-10.71-0.65