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Macatawa Bank Issues Quarterly Report


HOLLAND TWP., MI (WHTC) - Holland-based Macatawa Bank announced quarterly results yesterday that showed earnings of 3.2 million dollars before taxes for the third three-month period of 2013, down by more than half from the same time a year ago. However, company officials were pleased with a decrease in non-performing assets of 29 percent, improvement in weighted average grade of commercial loans, and continued low past due loan levels.