Macatawa Bank’s Bottom Line Continues to be Promising

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.