Macatawa Bank

Overview / Commentary

www.macatawabank.com

616-820-1444

10753 Macatawa Drive
Holland, MI 49424

Macatawa Bank is headquartered in Holland and is the 7^th largest bank in the state of Michigan. It is also the 444^th largest bank in the nation. It was established in 1997 and as of March of 2020, it had grown to 334 employees at 29 locations. Macatawa Bank has an A+ health rating.

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2018

2/12 - Promo Cds - Quick Look

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Health

A+

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #	34618
Year Established	1997
Employees	334
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.32%
Return on Equity - YTD	11.57%
Annual Interest Income	$17.5MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$2.03B$1.92B
Loans	Q1 2020vs Q1 2019	$1.38B$1.37B
Deposits	Q1 2020vs Q1 2019	$1.71B$1.62B
Equity Capital	Q1 2020vs Q1 2019	$236.6MM$231.4MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$18.9MM$16.9MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$7.2MM$409.00K
Real Estate Owned	Q1 2020vs Q1 2019	$2.6MM$3.3MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Macatawa Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Macatawa Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%	-	-	Health Savings Account
0.01%	-	-	Regular Savings
0.01%	-	-	IRA Savings

Macatawa Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%^*	$250k^*	-	Preferred Partner Money Market
OTHER TIERS: 0.02% → Up to $50k \| 0.05% → $50k - $100k \| 0.06% → $100k - $250k
0.05%^*	$100k^*	-	Personal Money Market
OTHER TIERS: 0.01% → Up to $5k \| 0.02% → $5k - $100k

Macatawa Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^*	$50k^*	-	Interest Rewards Checking
OTHER TIERS: 0.01% → Up to $50k

Macatawa Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$1k	-	36-47 Month CD
0.20%	$1k	-	48-59 Month CD
0.20%	$1k	-	60-120 Month CD
0.15%	$1k	-	24-35 Month CD
0.10%	$1k	-	12 Month Personal Easy Exit CD
0.10%	$1k	-	12-17 Month CD
0.10%	$1k	-	18-23 Month CD
0.05%	$1k	-	3-5 Month CD
0.05%	$1k	-	6-11 Month CD

Macatawa Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$1k	-	36-47 Month IRA
0.20%	$1k	-	48-59 Month IRA
0.20%	$1k	-	60-120 Month IRA
0.15%	$1k	-	24-35 Month IRA
0.10%	$1k	-	12-17 Month IRA
0.10%	$1k	-	18-23 Month IRA
0.05%	$1k	-	3-5 Month IRA
0.05%	$1k	-	6-11 Month IRA

Locations

Availability

Grand Rapids Area

Grand Rapids Area bank & credit union details

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