HOLLAND TWP., MI (WHTC) – Macatawa Bank announced quarterly earnings of 3.2 million dollars, up 16 percent from the 2.8 million the Holland Township-based financial institution reported for the same three-month period a year ago. Much of the growth came through performing loans, which were up 14 percent from the third quarter of 2014, while total non-interest expenses were reduced, and past-due loans are nearly half of what they were a year ago. Company officials say they’re pleased with the increase in virtually all revenue sources as diverse growth fosters further stability in the bank’s earnings performance.
Macatawa Bank’s Bottom Line Continues to be Promising
Oct 22, 2015 | 9:23 PM
