ompany-overview

Investor Relations

Peer Analysis : Macatawa Bank Corporation

Performance Ratios (%) MCBC Peer Median Peer Average
ROAA 1.40 1.27 1.02
ROAE 14.69 11.25 9.42
Net Interest Margin 3.36 3.64 3.57
Efficiency Ratio 57.74 65.44 67.18
Loans / Deposits 83.83 88.22 90.38
Asset Quality Ratios (%)
NPAs / Assets 1.05 1.24 1.17
NCOs / Avg Loans 0.01 0.03 0.02
Reserves / Loans 1.20 0.95 0.87
Reserves / NPAs 81.48 47.59 64.55
Capital Ratios (%)
Tier 1 Capital 14.50 12.60 12.11
Tangible Equity / Tangible Assets 9.66 8.93 8.84
Total Equity / Total Assets 9.66 10.22 10.73
Market Ratios
Price / Earnings (x) 13.91 13.86 20.18
Price / Book (%) 193.55 139.00 140.10
Dividend Yield (%) 2.58 2.09 2.07
Data for trailing four quarters

Macatawa Bank Corporation's peer group consists of the following: Citizens Community Bancorp, Inc. (CZWI), Fentura Financial, Inc. (FETM), FS Bancorp (FXLG), Grand River Commerce, Inc. (GNRV), Horizon Bancorp, Inc. (HBNC), Independent Bank Corporation (IBCP), Isabella Bank Corporation (ISBA), MBT Financial Corp. (MBTF), Nicolet Bankshares, Inc. (NCBS), Southern Michigan Bancorp, Inc. (SOMC)

Macatawa Bank Corporation's financial data is as of 12/31/2018.

Peer financial data is as of 12/31/2018 except for these companies:

Grand River Commerce, Inc.'s financial data is as of 9/30/2018.