Macatawa Bank is headquartered in Holland and is the 7th largest bank in the state of Michigan. It is also the 398th largest bank in the nation. It was established in 1997 and as of December of 2020, it had grown to 329 employees at 29 locations. Macatawa Bank has an A health rating.
Overall | |
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FDIC Certificate # | 34618 |
Year Established | 1997 |
Employees | 329 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.34% |
Return on Equity - YTD | 12.94% |
Annual Interest Income | $67.2MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $2.64B$2.07B |
Loans | Q4 2020vs Q4 2019 | $1.42B$1.37B |
Deposits | Q4 2020vs Q4 2019 | $2.31B$1.76B |
Equity Capital | Q4 2020vs Q4 2019 | $253.0MM$230.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $17.4MM$17.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $533.00K$203.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $2.5MM$2.7MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Health Savings Account | |
0.01% | - | - | Regular Savings | |
0.01% | - | - | IRA Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $250k* | - | Personal Money Market | ||
OTHER TIERS: 0.01% → Up to $250k | |||||
0.05%* | $100k* | - | Preferred Partner Money Market | ||
OTHER TIERS: 0.01% → Up to $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $250k* | - | Interest Rewards Checking | ||
OTHER TIERS: 0.01% → Up to $250k |