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 423^rd largest bank in the nation. It was established in 1997 and as of December of 2019, it had grown to 326 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 Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	34618
Year Established	1997
Employees	326
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.71%
Return on Equity - YTD	14.7%
Annual Interest Income	$75.9MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$2.07B$1.97B
Loans	Q4 2019vs Q4 2018	$1.37B$1.39B
Deposits	Q4 2019vs Q4 2018	$1.76B$1.68B
Equity Capital	Q4 2019vs Q4 2018	$230.3MM$224.3MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$17.2MM$16.9MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$203.00K$1.3MM
Real Estate Owned	Q4 2019vs Q4 2018	$2.7MM$3.4MM

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
0.05%^*	$1k^*	-	Health Savings Account
OTHER TIERS: 0.01% → Up to $1k
0.05%^*	$1k^*	-	Regular Savings
OTHER TIERS: 0.01% → Up to $1k
0.05%^*	$1k^*	-	IRA Savings
OTHER TIERS: 0.01% → Up to $1k

Macatawa Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$100k^*	-	Preferred Partner Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $100k
0.10%^*	$250k^*	-	Personal Money Market
OTHER TIERS: 0.01% → Up to $5k \| 0.05% → $5k - $250k

Macatawa Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$250k^*	-	Interest Rewards Checking
OTHER TIERS: 0.01% → Up to $50k \| 0.05% → $50k - $250k

Macatawa Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$1k	-	24-35 Month CD
0.50%	$1k	-	36-47 Month CD
0.50%	$1k	-	48-59 Month CD
0.50%	$1k	-	60-120 Month CD
0.35%	$1k	-	18-23 Month CD
0.25%	$1k	-	12 Month Personal Easy Exit CD
0.25%	$1k	-	6-11 Month CD
0.25%	$1k	-	12-17 Month CD
0.20%	$1k	-	3-5 Month CD

Macatawa Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$1k	-	24-35 Month IRA
0.50%	$1k	-	36-47 Month IRA
0.50%	$1k	-	48-59 Month IRA
0.50%	$1k	-	60-120 Month IRA
0.35%	$1k	-	18-23 Month IRA
0.25%	$1k	-	6-11 Month IRA
0.25%	$1k	-	12-17 Month IRA
0.20%	$1k	-	3-5 Month IRA

Locations

Availability

Grand Rapids Area

Grand Rapids Area bank & credit union details

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