Macatawa Bank in Holland, Michigan (MI)



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Macatawa Bank routing number info

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Macatawa Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
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 ratio0.30%
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 deposits2.70%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$354,850
Number of Accounts1
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 Accounts569
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
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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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