2. Macatawa Bank

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 6th largest bank in the state of Michigan. It is also the 429th largest bank in the nation. It was established in 1997 and as of December of 2018, it had grown to 335 employees at 29 locations. Macatawa Bank's money market rates are 59% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34618
Year Established1997
Employees335
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD13.33%
Annual Interest Income$69.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.97B$1.89B
LoansQ4 2018vs Q4 2017$1.39B$1.30B
DepositsQ4 2018vs Q4 2017$1.68B$1.58B
Equity CapitalQ4 2018vs Q4 2017$224.3MM$207.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$16.9MM$16.6MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.3MM$395.00K
Real Estate OwnedQ4 2018vs Q4 2017$3.4MM$5.8MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Macatawa Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Health Savings Account
OTHER TIERS: 0.05% → Up to $1k | 0.10% → $1k - $2.5k | 0.25% → $2.5k - $5k | 0.40% → $5k - $10k
0.20%*$1k*-Regular Savings
OTHER TIERS: 0.10% → Up to $1k
0.20%*$1k*-IRA Savings
OTHER TIERS: 0.10% → Up to $1k

Macatawa Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$250k*-Preferred Partner Money Market
OTHER TIERS: 0.25% → Up to $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k | 0.50% → $50k - $100k | 0.65% → $100k - $250k
0.60%*$250k*-Personal Money Market
OTHER TIERS: 0.20% → Up to $25k | 0.25% → $25k - $50k | 0.40% → $50k - $100k | 0.55% → $100k - $250k

Macatawa Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Interest Rewards Checking
OTHER TIERS: 0.15% → Up to $5k | 0.20% → $5k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k

Macatawa Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%$1k$100k29 Month CD Special
2.10%$1k$100k17 Month CD Special
2.01%$1k-48-59 Month CD
2.01%$1k-60-120 Month CD
1.62%$1k-36-47 Month CD
1.57%$1k-24-35 Month CD
1.26%$1k-18-23 Month CD
1.00%$1k-12-17 Month CD
0.60%$1k-6-11 Month CD
0.50%$1k-12 Month Personal Easy Exit CD
0.35%$1k-3-5 Month CD

Macatawa Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%$1k$100k29 Month IRA Special
2.10%$1k$100k17 Month IRA Special
2.01%$1k-48-59 Month IRA
2.01%$1k-60-120 Month IRA
1.62%$1k-36-47 Month IRA
1.57%$1k-24-35 Month IRA
1.26%$1k-18-23 Month IRA
1.00%$1k-12-17 Month IRA
0.60%$1k-6-11 Month IRA
0.35%$1k-3-5 Month IRA
Locations

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