Macatawa Bank in Holland, Michigan (MI)
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| Macatawa Bank | |
|---|---|
| General | FDIC Certificate #: 34618 Status: Active Federal Reserve ID: 2634351 Bank Holding Company (Regulatory Top Holder): Macatawa Bank Corporation (RSSDID: 2634696, Location: Holland, MI) Date Established: November 25, 1997 WWW: http://www.macatawabank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 30 (Domestic: 30, Interstate: No) OTS Docket #: 16108 FDIC's unique #: 60841 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 25, 1997 Last Structure Change Effective Date: July 08, 2011 Last Structure Change Process Date: July 20, 2011 Last Data Update: July 20, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 10753 Macatawa Dr, Holland, MI 49424 County: Ottawa Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Grand Rapids Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000) Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266) Core Based Statistical Area (CBSA): Holland-Grand Haven, MI (#26100) CBSA Metro Statistical Area: Holland-Grand Haven, MI (#26100) |
| Financial Summary | Total assets: $1,506.0 mil Equity capital: $128.2 mil Deposits held in domestic offices: $1,225.8 mil Return on assets (ROA): 0.52% ($7.8 mil) Quarterly return on assets: 0.43% ($6.5 mil) Return on Equity (ROE): 6.64% ($8.5 mil) Quarterly return on equity: 5.12% ($6.6 mil) Net income: $8.0 mil Quarterly Net income: $1.6 mil Pretax return on assets: 0.52% ($7,831.1 mil) Quarterly Pretax return on assets: 0.43% ($6,475.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 392 |
| Total assets | $1,505,983 |
| Cash and due from depository institutions | $242,851 |
| Interest-bearing balances | $211,880 |
| Securities | $55,046 |
| Federal funds sold & reverse repurchase agreements | $190 |
| Net loans & leases | $1,040,360 |
| Loan loss allowance | $31,641 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $55,230 |
| Other real estate owned | $66,438 |
| Goodwill and other intangibles | $64 |
| All other assets | $45,804 |
| Life insurance assets | $1,505,983 |
| Total liabilities and capital | $1,377,752 |
| Total liabilities | $1,225,824 |
| Total deposits | $891,036 |
| Interest-bearing deposits | $1,225,824 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $148,603 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,325 |
| All other liabilities | $128,231 |
| Total equity capital | $128,231 |
| Total bank equity capital | $128,231 |
| Perpetual preferred stock | $0 |
| Common stock | $5,722 |
| Surplus | $150,873 |
| Undivided profits | $-28,364 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,026 |
| Income earned, not collected on loans | $28,946 |
| Earning assets | $282 |
| Long-term assets (5+ years) | $3,595 |
| Average Assets, year-to-date | $1,307,476 |
| Average Assets, quarterly | $261,320 |
| Volatile liabilities | $1,533,635 |
| Insider loans | $1,510,170 |
| FHLB advances | $1,139,950 |
| Loans and leases held for sale | $1,513,201 |
| Unused loan commitments | $25,957 |
| Tier 1 (core) risk-based capital | $25,957 |
| Tier 2 risk-based capital | $127,576 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $291,565 |
| Derivatives | $10,956 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $60,779 |
| Total interest expense | $12,882 |
| Net interest income | $47,897 |
| Provision for loan and lease losses | -$4,700 |
| Total noninterest income | $6,491 |
| Fiduciary activities | $2,543 |
| Service charges on deposit accounts | $3,693 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $255 |
| Total noninterest expense | $51,102 |
| Salaries and employee benefits | $21,994 |
| Premises and equipment expense | $7,021 |
| Additional noninterest expense | $22,087 |
| Pre-tax net operating income | $7,986 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $7,986 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $7,986 |
| Net charge-offs | $0 |
| Cash dividends | $7,986 |
| Sale, conversion, retirement of capital stock, net | $11,085 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.52% |
| Cost of funding earning assets | 0.96% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | 0.48% |
| Noninterest expense to earning assets | 3.80% |
| Net operating income to assets | 0.52% |
| Return on assets (ROA) | 0.52% |
| Pretax return on assets | 0.52% |
| Return on equity (ROE) | 6.64% |
| Retained earnings to average equity (YTD only) | 6.64% |
| Net charge-offs to loans | 0.98% |
| Credit loss provision to net charge-offs | -42.40% |
| Efficiency ratio | 0.30% |
| Assets per employee | $93,484 |
| Cash dividends to net income (YTD only) | 3.84% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.95% |
| Noncurrent assets plus other real estate owned to assets | 109.31% |
| Noncurrent loans to loans | 6.33% |
| Net loans and leases to deposits | 2.70% |
| Net loans and leases to core deposits | 84.87% |
| Equity capital to assets | 87.16% |
| Core capital (leverage) ratio | 8.51% |
| Tier 1 risk-based capital ratio | 8.43% |
| Total risk-based capital ratio | 11.19% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $1,533,635 |
| Average equity | $120,210 |
| Average loans | $1,344,573 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $354,850 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $226,126 |
| Employee benefit-defined contribution accounts | $116,632 |
| Employee benefit-defined benefit accounts | $3,883 |
| Other retirement accounts | $4,584 |
| Corporate trust and agency accounts | $24,445 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $72,339 |
| Fiduciary accounts held in foreign offices | $4,243 |
| Non-managed Assets | $0 |
| Number of Accounts | 569 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $24,445 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $128,724 |
| Corporate trust and agency accounts | $2,938 |
| Other fiduciary accounts | $84,246 |
| Fiduciary accounts held in foreign offices | $4,821 |
| 30 Michigan Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 60841 | Macatawa Bank | 10753 Macatawa Dr, Holland, MI 49424 | November 25, 1997 | Full Service Brick and Mortar |  |
| 3 | 290740 | Southside Holland Branch | 701 Maple Avenue, Holland, MI 49423 | April 13, 1998 | Full Service Brick and Mortar |  |
| 4 | 290741 | Jenison Branch | 2020 Baldwin Street, Jenison, MI 49428 | July 01, 1998 | Full Service Brick and Mortar | |
| 5 | 290742 | Allendale Branch | 6299 Lake Michigan Drive, Allendale, MI 49401 | July 15, 1998 | Full Service Brick and Mortar | |
| 6 | 290743 | Northside Branch | 489 Butternut Street, Holland, MI 49423 | October 01, 1998 | Full Service Brick and Mortar | |
| 8 | 290745 | Zeeland State Street Branch | 41 North State Street, Zeeland, MI 49464 | December 11, 1998 | Full Service Brick and Mortar | |
| 9 | 290746 | Douglas Branch | 132 South Washington Street, Douglas, MI 49406 | May 24, 1999 | Full Service Brick and Mortar | |
| 11 | 290748 | Eastside Branch | 699 East 16th Street, Holland, MI 49423 | November 02, 1998 | Full Service Brick and Mortar | |
| 13 | 290750 | Hamilton Branch | 4758 136th Avenue, Hamilton, MI 49419 | September 01, 1999 | Full Service Brick and Mortar | |
| 14 | 290751 | Lakewood Boulevard Branch | 20 East Lakewood Boulevard, Holland, MI 49424 | December 20, 1999 | Full Service Brick and Mortar | |
| 15 | 340836 | Royal Park Place Branch | 500 Parkside Drive, Zeeland, MI 49464 | July 07, 1999 | Limited Service Mobile | |
| 17 | 360698 | Grandville Branch | 3191 44th Street Sw, Grandville, MI 49418 | June 21, 2001 | Full Service Brick and Mortar | |
| 18 | 362537 | Hudsonville Branch | 3526 Chicago Drive, Hudsonville, MI 49426 | November 05, 2001 | Full Service Brick and Mortar | |
| 20 | 365537 | Clyde Park Avenue Branch | 5271 Clyde Park Avenue S.W., Wyoming, MI 49509 | November 14, 2002 | Full Service Brick and Mortar | |
| 21 | 38489 | Grand Rapids Downtown | 126 Ottawa Avenue, N.W., Grand Rapids, MI 49503 | August 17, 1987 | Full Service Brick and Mortar | |
| 24 | 419493 | Forest Hills Branch | 4590 Cascade Road, Grand Rapids, MI 49546 | November 04, 2002 | Full Service Brick and Mortar | |
| 25 | 429955 | Riley Branch | 12415 Riley Street, Holland, MI 49424 | October 13, 2003 | Full Service Brick and Mortar | |
| 26 | 429956 | East Beltline Branch | 3177 Knapp Street Ne, Grand Rapids, MI 49525 | December 08, 2003 | Full Service Brick and Mortar | |
| 27 | 429957 | Walker Branch | 2750 Walker Nw, Walker, MI 49544 | Febuary 16, 2004 | Full Service Brick and Mortar | |
| 28 | 429958 | Grand Haven Branch | 15135 Whitaker Way, Grand Haven, MI 49417 | October 27, 2003 | Full Service Brick and Mortar | |
| 29 | 432411 | 68th Street Branch | 1575 68th Street, Se, Grand Rapids, MI 49508 | September 07, 2004 | Full Service Brick and Mortar | |
| 30 | 442602 | Freedom Village Branch | 145 Columbia Avenue, Holland, MI 49423 | March 18, 2004 | Limited Service Mobile | |
| 31 | 442975 | Rockford Branch | 2820 10 Mile Road, Rockford, MI 49341 | June 13, 2005 | Full Service Brick and Mortar | |
| 33 | 445561 | 815 East Main Street Branch | 815 East Main Street, Zeeland, MI 49464 | October 10, 2005 | Full Service Brick and Mortar | |
| 35 | 453339 | Jenison East Branch | 520 Baldwin, Jenison, MI 49428 | May 15, 2006 | Full Service Brick and Mortar | |
| 36 | 461769 | Burton Branch | 2440 Burton Se, Grand Rapids, MI 49546 | January 22, 2007 | Full Service Brick and Mortar | |
| 37 | 461848 | Byron Center Branch | 2261 84th Street Sw, Byron Center, MI 49315 | Febuary 19, 2007 | Full Service Brick and Mortar | |
| 38 | 462252 | 8th Street Holland Branch | 141 East 8th Street, Holland, MI 49423 | Febuary 13, 2007 | Full Service Brick and Mortar | |
| 39 | 465812 | Cascade Branch | 6330 28th Street, Grand Rapids, MI 49546 | June 25, 2007 | Full Service Brick and Mortar | |
| 40 | 478346 | Grand Rapids Limited Service Office | 2510 Lake Michigan Drive, Grand Rapids, MI 49504 | July 01, 2008 | Limited Service Mobile | |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.