Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.6 on a scale of 0 to 10). Excellent current capitalization (8.9 on a scale of 0 to 10) based on a risk-based capital ratio of 17.1 and a capital leverage ratio of 10.3.
Other Rating Factors:
A current level of 1.2 percent of nonperforming loans to core capital contributes to the Good asset quality (6.8). Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.2 has resulted in Good (5.7) profitability.
Asset Mix:
Cash (34%), comm loans (24%), comm re (13%), home mtgs (5%), home eq lns (2%), securities (2%), other (20%)
States with Branches:
MI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Macatawa Bank Corporation
Investment Rating
--
Address
10753 Macatawa Drive
Holland, MI 49424
Holland, MI 49424
Phone Number
(616) 820-1444
Year Founded
1997
FDIC Number
Website
Largest Affiliates
No affiliate information available.