Macatawa Bank in Holland, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Macatawa Bank in Holland, Michigan (MI)
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Macatawa Bank - Overview

  • 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)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 392Total employees (full-time equivalent)
  • $1,505,983Total assets
  • $242,851Cash and due from depository institutions
  • $211,880Interest-bearing balances
  • $55,046Securities
  • $190Federal funds sold & reverse repurchase agreements
  • $1,040,360Net loans & leases
  • $31,641Loan loss allowance
  • $0Trading account assets
  • $55,230Bank premises and fixed assets
  • $66,438Other real estate owned
  • $64Goodwill and other intangibles
  • $1,505,983Life insurance assets
  • $45,804All other assets
  • $1,377,752Total liabilities and capital
  • $1,225,824Total liabilities
  • $891,036Total deposits
  • $1,225,824Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $148,603Trading liabilities
  • $0Other borrowed funds
  • $3,325Subordinated debt
  • $128,231All other liabilities
  • $128,231Total equity capital
  • $128,231Total bank equity capital
  • $0Perpetual preferred stock
  • $5,722Common stock
  • $150,873Surplus
  • $-28,364Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,026Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,946Income earned, not collected on loans
  • $282Earning assets
  • $3,595Long-term assets (5+ years)
  • $1,307,476Average Assets, year-to-date
  • $261,320Average Assets, quarterly
  • $1,533,635Volatile liabilities
  • $1,510,170Insider loans
  • $1,139,950FHLB advances
  • $1,513,201Loans and leases held for sale
  • $25,957Unused loan commitments
  • $25,957Tier 1 (core) risk-based capital
  • $127,576Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $291,565Restructured Loans and leases
  • $10,956Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $60,779Total interest income
  • $12,882Total interest expense
  • $47,897Net interest income
  • -$4,700Provision for loan and lease losses
  • $6,491Total noninterest income
  • $2,543Fiduciary activities
  • $3,693Service charges on deposit accounts
  • $0Trading account gains & fees
  • $255Additional noninterest income
  • $51,102Total noninterest expense
  • $21,994Salaries and employee benefits
  • $7,021Premises and equipment expense
  • $22,087Additional noninterest expense
  • $7,986Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $7,986Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,986Net income attributable to bank
  • $0Net charge-offs
  • $7,986Cash dividends
  • $11,085Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 6.64%Return on equity (ROE)
  • 6.64%Retained earnings to average equity (YTD only)
  • 0.98%Net charge-offs to loans
  • -42.40%Credit loss provision to net charge-offs
  • 0.30%Efficiency ratio
  • 93,484Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.95%Loss allowance to noncurrent loans
  • 109.31%Noncurrent assets plus other real estate owned to assets
  • 6.33%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 84.87%Net loans and leases to core deposits
  • 87.16%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 11.19%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,533,635Average earning assets
  • $120,210Average equity
  • $1,344,573Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $354,850Managed Assets
  • 1Number of Accounts
  • $226,126Personal trust and agency accounts
  • $116,632Employee benefit-defined contribution accounts
  • $3,883Employee benefit-defined benefit accounts
  • $4,584Other retirement accounts
  • $24,445Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $72,339Other fiduciary accounts
  • $4,243Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 569Number of Accounts
  • $0Personal trust and agency accounts
  • $24,445Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $128,724Other retirement accounts
  • $2,938Corporate trust and agency accounts
  • $84,246Other fiduciary accounts
  • $4,821Fiduciary accounts held in foreign offices

List of branches

  • 30 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    060841Macatawa Bank10753 Macatawa Dr, Holland, MI 49424November 25, 1997Full Service Brick and Mortar
    3290740Southside Holland Branch701 Maple Avenue, Holland, MI 49423April 13, 1998Full Service Brick and Mortar
    4290741Jenison Branch2020 Baldwin Street, Jenison, MI 49428July 01, 1998Full Service Brick and Mortar
    5290742Allendale Branch6299 Lake Michigan Drive, Allendale, MI 49401July 15, 1998Full Service Brick and Mortar
    6290743Northside Branch489 Butternut Street, Holland, MI 49423October 01, 1998Full Service Brick and Mortar
    8290745Zeeland State Street Branch41 North State Street, Zeeland, MI 49464December 11, 1998Full Service Brick and Mortar
    9290746Douglas Branch132 South Washington Street, Douglas, MI 49406May 24, 1999Full Service Brick and Mortar
    11290748Eastside Branch699 East 16th Street, Holland, MI 49423November 02, 1998Full Service Brick and Mortar
    13290750Hamilton Branch4758 136th Avenue, Hamilton, MI 49419September 01, 1999Full Service Brick and Mortar
    14290751Lakewood Boulevard Branch20 East Lakewood Boulevard, Holland, MI 49424December 20, 1999Full Service Brick and Mortar
    15340836Royal Park Place Branch500 Parkside Drive, Zeeland, MI 49464July 07, 1999Limited Service Mobile
    17360698Grandville Branch3191 44th Street Sw, Grandville, MI 49418June 21, 2001Full Service Brick and Mortar
    18362537Hudsonville Branch3526 Chicago Drive, Hudsonville, MI 49426November 05, 2001Full Service Brick and Mortar
    20365537Clyde Park Avenue Branch5271 Clyde Park Avenue S.W., Wyoming, MI 49509November 14, 2002Full Service Brick and Mortar
    2138489Grand Rapids Downtown126 Ottawa Avenue, N.W., Grand Rapids, MI 49503August 17, 1987Full Service Brick and Mortar
    24419493Forest Hills Branch4590 Cascade Road, Grand Rapids, MI 49546November 04, 2002Full Service Brick and Mortar
    25429955Riley Branch12415 Riley Street, Holland, MI 49424October 13, 2003Full Service Brick and Mortar
    26429956East Beltline Branch3177 Knapp Street Ne, Grand Rapids, MI 49525December 08, 2003Full Service Brick and Mortar
    27429957Walker Branch2750 Walker Nw, Walker, MI 49544Febuary 16, 2004Full Service Brick and Mortar
    28429958Grand Haven Branch15135 Whitaker Way, Grand Haven, MI 49417October 27, 2003Full Service Brick and Mortar
    2943241168th Street Branch1575 68th Street, Se, Grand Rapids, MI 49508September 07, 2004Full Service Brick and Mortar
    30442602Freedom Village Branch145 Columbia Avenue, Holland, MI 49423March 18, 2004Limited Service Mobile
    31442975Rockford Branch2820 10 Mile Road, Rockford, MI 49341June 13, 2005Full Service Brick and Mortar
    33445561815 East Main Street Branch815 East Main Street, Zeeland, MI 49464October 10, 2005Full Service Brick and Mortar
    35453339Jenison East Branch520 Baldwin, Jenison, MI 49428May 15, 2006Full Service Brick and Mortar
    36461769Burton Branch2440 Burton Se, Grand Rapids, MI 49546January 22, 2007Full Service Brick and Mortar
    37461848Byron Center Branch2261 84th Street Sw, Byron Center, MI 49315Febuary 19, 2007Full Service Brick and Mortar
    384622528th Street Holland Branch141 East 8th Street, Holland, MI 49423Febuary 13, 2007Full Service Brick and Mortar
    39465812Cascade Branch6330 28th Street, Grand Rapids, MI 49546June 25, 2007Full Service Brick and Mortar
    40478346Grand Rapids Limited Service Office2510 Lake Michigan Drive, Grand Rapids, MI 49504July 01, 2008Limited Service Mobile

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