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Macatawa Bank in Black for Quarter

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HOLLAND TWP., MI (WHTC) - Macatawa Bank reported fourth quarter earnings of 21.2 million dollars and made 35.5 million for all of 2012. Officials of the Holland Township-based financial institution say that those numbers are “significantly higher” than for the same periods in the prior year, and were “positively impacted by reversal of the deferred tax asset valuation of nearly 19 million dollars. Net loan growth was also seen for the first time in four years.

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