ompany-overview

Investor Relations

Peer Analysis : Macatawa Bank Corporation

Performance Ratios (%) MCBC Peer Median Peer Average
ROAA 0.93 0.81 0.84
ROAE 9.60 7.82 8.12
Net Interest Margin 3.19 3.65 3.57
Efficiency Ratio 63.60 65.06 66.83
Loans / Deposits 83.62 89.65 89.90
Asset Quality Ratios (%)
NPAs / Assets 1.48 1.54 1.52
NCOs / Avg Loans (0.08) 0.01 0.01
Reserves / Loans 1.26 0.96 0.89
Reserves / NPAs 59.42 32.29 47.69
Capital Ratios (%)
Tier 1 Capital 13.91 10.55 10.55
Tangible Equity / Tangible Assets 9.15 8.48 8.28
Total Equity / Total Assets 9.15 9.83 10.31
Market Ratios
Price / Earnings (x) 20.90 18.53 20.73
Price / Book (%) 196.98 137.19 141.01
Dividend Yield (%) 2.39 2.00 1.79
Data for trailing four quarters

Macatawa Bank Corporation's peer group consists of the following: Citizens Community Bancorp, Inc. (CZWI), F.S. Bancorp (FXLG), Fentura Financial, Inc. (FETM), Grand River Commerce, Inc. (GNRV), Horizon Bancorp (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 12/31/2017.

Peer financial data is as of 12/31/2017 except for these companies:

Fentura Financial, Inc.'s financial data is as of 9/30/2017.
Isabella Bank Corporation's financial data is as of 9/30/2017.
Grand River Commerce, Inc.'s financial data is as of 9/30/2017.