Macatawa Bank is headquartered in Holland and is the 7th largest bank in the state of Michigan. It is also the 390th largest bank in the nation. It was established in 1997 and as of March of 2022, it had grown to 312 employees at 29 locations. Macatawa Bank has an A health rating.
|FDIC Certificate #||34618|
|Return on Assets - YTD||0.84%|
|Return on Equity - YTD||10.19%|
|Annual Interest Income||$13.1MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$2.93B$2.73B|
|Loans||Q1 2022vs Q1 2021||$1.09B$1.37B|
|Deposits||Q1 2022vs Q1 2021||$2.59B$2.40B|
|Equity Capital||Q1 2022vs Q1 2021||$237.5MM$254.9MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$14.6MM$17.5MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$91.00K$525.00K|
|Real Estate Owned||Q1 2022vs Q1 2021||$2.3MM$2.4MM|
Rates for Macatawa Bank are currently being reviewed.