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Earnings Down, but Situation Still Good at Macatawa Bank


HOLLAND TWP., MI (WHTC) - Revenues were down at Macatawa Bank in the latest quarterly report from the Holland Township-based financial institution. Earnings of 2.6 million dollars over a three-month period was six hundred thousand dollars below the same time frame in 2012, but bank officials say that this was because of special provisions for tax deferrals and loan recoveries, and that the situation is better now due to a reduction in non-performing assets.