Exhibit 99.1
 
  
 
For Immediate Release
  
NASDAQ Stock Market:
MCBC
 
Macatawa Bank Corporation Reports
Second Quarter 2016 Results

HOLLAND, Mich. (July 28, 2016) – Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the second quarter of 2016, reflecting continued improvement in financial performance.

● Net income of $3.7 million in second quarter 2016, up 16% from $3.2 million in second quarter 2015
● Total loans up $81.8 million, or 7%, since second quarter 2015
● Net interest income increase of $763,000 aided by growth in loans
● Past due loans remained at very low levels - only 0.08% of total loans at end of second quarter 2016
● Nonperforming assets down 52% from second quarter 2015
● Favorable loan collection results – six consecutive quarters of net recoveries
● Strong capital levels

Macatawa reported net income of $3.7 million, or $0.11 per diluted share, in the second quarter 2016 compared to $3.2 million, or $0.09 per diluted share, in the second quarter 2015.  For the first six months of 2016, Macatawa reported net income of $7.2 million, or $0.21 per diluted share, compared to $6.1 million, or $0.18 per diluted share, for the same period in 2015.

"We continued to improve our financial performance in the second quarter showing 16% growth in earnings over the second quarter of last year,” said Ronald L. Haan, President and CEO of the Company.  “Our earnings improvement was due primarily to increased net interest income fueled by growth in portfolio loans, which were up $13.9 million since year end 2015 and up $81.8 million since the second quarter of 2015.  Consistent with our objectives, we have achieved this loan growth while also maintaining the quality of our loan portfolio.  Quarter end delinquencies continued at historically low levels at just 0.08 percent of total portfolio loans.  We experienced net loan recoveries again this quarter and have for the past six quarters.  As a result, we again had a negative provision for loan losses.  While second quarter expenses associated with the administration and disposition of problem assets increased from the same period in 2015, year to date they are still $209,000 below the level experienced in 2015.  We are pleased with the 52 percent reduction in the level of our non-performing assets since the second quarter of 2015, but recognize more reductions are necessary.”

Mr. Haan concluded:  "For the last several quarters we have been able to grow our revenue while maintaining a disciplined approach to expenses.  We have also been able to grow our loan portfolio while strengthening our capital levels.  These achievenments reflect a discipline that will continue to guide our focus in coming quarters.”
 
Macatawa Bank Corporation 2Q Results / page 2 of 5

Operating Results
Net interest income for the second quarter 2016 totaled $11.6 million, a decrease of $130,000 from the first quarter 2016 and an increase of $763,000 from the second quarter 2015.  Net interest margin was 3.08 percent for the second quarter 2016, down 1 basis point from the first quarter 2016, and up 7 basis points from the second quarter 2015.

Average interest earning assets for the second quarter 2016 decreased $7.6 million from the first quarter 2016 and were up $71.5 million from the second quarter 2015.  The decrease from the first quarter 2016 was due to seasonal paydowns on certain agricultural loans.

Non-interest income overall was consistent  between periods, with increases in deposit service charges,  trust fees and other noninterest income offsetting the impact of a lower level of gains on sales of mortgage loans in 2016.  Noninterest income for the first quarter 2016 was elevated due to the payout on a bank owned life insurance policy.   The Bank originated $19.0 million in loans for sale in the second quarter 2016 compared to $18.9 million in loans for sale in the first quarter 2016 and $28.0 million in loans for sale in the second quarter 2015.

Non-interest expense was $11.5 million for the second quarter 2016, compared to $11.6 million for the first quarter 2016 and $11.2 million for the second quarter 2015.  The largest fluctuations in non-interest expense related to costs associated with the administration and disposition of problem loans and non-performing assets, which increased $49,000 compared to the first quarter 2016 and increased $207,000 compared to the second quarter 2015.  Other categories of non-interest expense were consistent with levels experienced in the first quarter 2016 and the second quarter 2015.

Federal income tax expense was $1.7 million for the second quarter 2016 compared to $1.4 million for the first quarter 2016 and $1.4 million for the second quarter 2015.  The effective tax rate was 31.0 percent for the second quarter 2016, compared to 28.6 percent for the first quarter 2016 and 30.6 percent for the second quarter 2015.  The decrease in the effective tax rate for the first quarter 2016 was due to the elevated level of earnings on bank owned life insurance during the quarter due to the payment of a death benefit during the quarter.

Asset Quality
As a result of the consistent improvements in nonperforming loans and past due loans over the past several quarters, the reduction in historical loan loss ratios and net loan recoveries experienced in the second quarter 2016, a negative provision for loan losses of $750,000 was recorded in the second quarter 2016.  Net loan recoveries for the second quarter 2016 were $580,000, compared to first quarter 2016 net loan recoveries of $148,000 and second quarter 2015 net loan recoveries of $1,000.  The Company has experienced net loan recoveries in each of the past six quarters, and in eleven of the past twelve quarters. Total loans past due on payments by 30 days or more amounted to $979,000 at June 30, 2016, down 29 percent from $1.4 million at December 31, 2015 and down 48 percent from $1.9 million at June 30, 2015.  Delinquency as a percentage of total loans was 0.08 percent at June 30, 2016.
 
Macatawa Bank Corporation 2Q Results / page 3 of 5

The allowance for loan losses of $17.0 million was 1.40 percent of total loans at June 30, 2016, compared to 1.43 percent of total loans at December 31, 2015, and 1.61 percent at June 30, 2015.  The coverage ratio of allowance for loan losses to nonperforming loans continued to be strong and significantly exceeded 1-to-1 coverage at 4,845.43 percent as of June 30, 2016, compared to 2,259.39 percent at December 31, 2015, and 489.26 percent at June 30, 2015.

At June 30, 2016, the Company's nonperforming loans had declined to $350,000, representing 0.03 percent of total loans.  This compares to $756,000 (0.06 percent of total loans) at December 31, 2015 and $3.7 million (0.33 percent of total loans) at June 30, 2015.  Other real estate owned and repossessed assets were $14.1 million at June 30, 2016, compared to $17.6 million at December 31, 2015 and $26.3 million at June 30, 2015. Total nonperforming assets, including other real estate owned and nonperforming loans, have decreased by $15.6 million, or 52 percent, from June 30, 2015 to June 30, 2016.

A break-down of non-performing loans is shown in the table below.

Dollars in 000s
  
Jun 30,
2016
    
Mar 31,
2016
    
Dec 31,
2015
    
Sept 30,
2015
    
Jun 30,
2015
  
                               
Commercial Real Estate
  
$
291
    
$
312
    
$
525
    
$
922
    
$
1,188
  
Commercial and Industrial
    
26
      
79
      
174
      
3,119
      
2,392
  
Total Commercial Loans
    
317
      
391
      
699
      
4,041
      
3,580
  
Residential Mortgage Loans
    
2
      
2
      
2
      
42
      
2
  
Consumer Loans
    
31
      
34
      
55
      
128
      
134
  
Total Non-Performing Loans
  
$
350
    
$
427
    
$
756
    
$
4,211
    
$
3,716
  

Total non-performing assets were $14.4 million, or 0.87 percent of total assets, at June 30, 2016.  A break-down of non-performing assets is shown in the table below.

Dollars in 000s
  
Jun 30,
2016
    
Mar 31,
2016
    
Dec 31,
2015
    
Sept 30,
2015
    
Jun 30,
2015
  
                               
Non-Performing Loans
  
$
350
    
$
427
    
$
756
    
$
4,211
    
$
3,716
  
Other Repossessed Assets
    
---
      
---
      
---
      
---
      
---
  
Other Real Estate Owned
    
14,066
      
16,162
      
17,572
      
25,671
      
26,303
  
Total Non-Performing Assets
  
$
14,416
    
$
16,589
    
$
18,328
    
$
29,882
    
$
30,019
  
 
Macatawa Bank Corporation 2Q Results / page 4 of 5

Balance Sheet, Liquidity and Capital
Total assets were $1.67 billion at June 30, 2016, a decrease of $63.1 million from $1.73 billion at December 31, 2015 and an increase of $48.5 million from $1.62 billion at June 30, 2015.  Total assets were elevated at December 31, 2015 due to a year end seasonal inflow of business and municipal deposits.  Total loans were $1.21 billion at June 30, 2016, an increase of $13.9 million from $1.20 billion at December 31, 2015 and an increase of $81.8 million from $1.13 billion at June 30, 2015.

Commercial loans increased by $69.8 million from June 30, 2015 to June 30, 2016, along with an increase of $12.0 million in our residential mortgage and consumer loan portfolios.  Commercial real estate loans increased by $39.0 million and commercial and industrial loans increased by $30.9 million during the same period.

The composition of the commercial loan portfolio is shown in the table below:

Dollars in 000s
  
Jun 30,
2016
    
Mar 31,
2016
    
Dec 31,
2015
    
Sept 30,
2015
    
Jun 30,
2015
  
                               
Construction and Development
  
$
74,339
    
$
73,621
    
$
74,210
    
$
77,320
    
$
77,363
  
Other Commercial Real Estate
    
439,036
      
443,095
      
434,462
      
427,797
      
397,042
  
Commercial Loans Secured by Real Estate
    
513,375
      
516,716
      
508,672
      
505,117
      
474,405
  
Commercial and Industrial
    
381,058
      
388,625
      
377,298
      
376,966
      
350,202
  
Total Commercial Loans
  
$
894,433
    
$
905,341
    
$
885,970
    
$
882,083
    
$
824,607
  
                                         
Residential Developer Loans (a)
  
$
29,771
    
$
28,521
    
$
30,112
    
$
32,147
    
$
29,741
  

(a) Represents the amount of loans to residential developers secured by single family residential property which is included in commercial loans secured by real estate.

At June 30, 2016, total performing loans amounted to $1.21 billion, an increase of $14.3 million from December 31, 2015 and an increase of $85.2 million from June 30, 2015.

Total deposits were $1.36 billion at June 30, 2016, down $80.4 million from $1.44 billion at December 31, 2015 and were up $27.3 million from $1.30 billion at June 30, 2015.  The decrease in total deposits from December 31, 2015 was primarily in demand deposits and money market deposits for municipal and business customers deploying their seasonal increase of year-end deposits in the first quarter of 2016.  Higher costing time deposits were also down $8.5 million from December 31, 2015.  The Bank continues to be successful at attracting and retaining core deposit customers.  Customer deposit accounts remain insured to the highest levels available under FDIC deposit insurance.

The Bank's risk-based regulatory capital ratios were slightly higher at June 30, 2016 compared to June 30, 2015 and December 31, 2015 due to earnings growth, and continue to be at levels comfortably above those required to be categorized as “well capitalized” under applicable regulatory capital guidelines.  As such, the Bank was categorized as "well capitalized" at June 30, 2016.
 
Macatawa Bank Corporation 2Q Results / page 5 of 5

About Macatawa Bank
Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties.  The bank is recognized for its local management team and decision making, along with providing customers excellent service, a rewarding experience and superior financial products. Macatawa Bank has been recognized for the past five consecutive years as “West Michigan’s 101 Best and Brightest Companies to Work For”. For more information, visit www.macatawabank.com.

CAUTIONARY STATEMENT:  This press release contains forward-looking statements that are based on management's current beliefs, expectations, assumptions, estimates, plans and intentions.  Forward-looking statements are identifiable by words or phrases such as "believe," "expect," "may," "should," "will," "continue," "improving," "additional," "focus," "forward," "future," "efforts," "strategy," "momentum," "positioned," and other similar words or phrases.  Such statements are based upon current beliefs and expectations and involve substantial risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements.  These statements include, among others, statements related to trends in our key operating metrics and financial performance, future levels of earnings and profitability, future levels of earning assets, future asset quality, future growth, future yield compression and future net interest margin.  All statements with references to future time periods are forward-looking.  Management's determination of the provision and allowance for loan losses, the appropriate carrying value of intangible assets (including deferred tax assets) and other real estate owned and the fair value of investment securities (including whether any impairment on any investment security is temporary or other-than-temporary and the amount of any impairment) involves judgments that are inherently forward-looking. Our ability to sell other real estate owned at its carrying value or at all, reduce non-performing asset expenses, utilize our deferred tax asset, successfully implement new programs and initiatives, increase efficiencies, maintain our current level of deposits and other sources of funding, maintain liquidity, respond to declines in collateral values and credit quality, improve profitability, and produce consistent core earnings is not entirely within our control and is not assured.  The future effect of changes in the real estate, financial and credit markets and the national and regional economy on the banking industry, generally, and Macatawa Bank Corporation, specifically, are also inherently uncertain.  These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions ("risk factors") that are difficult to predict with regard to timing, extend, likelihood and degree of occurrence.  Therefore, actual results and outcomes may materially differ from what may be expressed in or implied by such forward-looking statements. Macatawa Bank Corporation does not undertake to update forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.
 
Risk factors include, but are not limited to, the risk factors described in "Item 1A - Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2015.  These and other factors are representative of the risk factors that may emerge and could cause a difference between an ultimate actual outcome and a preceding forward-looking statement.
 
MACATAWA BANK CORPORATION
CONSOLIDATED FINANCIAL SUMMARY
(Unaudited)
(Dollars in thousands except per share information)

   
Quarterly
    
Six Months Ended
  
   
2nd Qtr
    
1st Qtr
    
2nd Qtr
    
June 30,
  
EARNINGS SUMMARY
  
2016
    
2016
    
2015
    
2016
    
2015
  
Total interest income
  
$
12,873
    
$
13,008
    
$
12,238
    
$
25,881
    
$
24,249
  
Total interest expense
    
1,265
      
1,270
      
1,393
      
2,535
      
2,752
  
Net interest income
    
11,608
      
11,738
      
10,845
      
23,346
      
21,497
  
Provision for loan losses
    
(750
)
    
(100
)
    
(500
)
    
(850
)
    
(1,500
)
Net interest income after provision for loan losses
    
12,358
      
11,838
      
11,345
      
24,196
      
22,997
  
                                         
NON-INTEREST INCOME
                                        
Deposit service charges
    
1,112
      
1,047
      
1,097
      
2,159
      
2,098
  
Net gains on mortgage loans
    
572
      
487
      
821
      
1,060
      
1,544
  
Trust fees
    
788
      
708
      
723
      
1,496
      
1,457
  
Other
    
2,064
      
2,366
      
1,871
      
4,429
      
3,708
  
Total non-interest income
    
4,536
      
4,608
      
4,512
      
9,144
      
8,807
  
                                         
NON-INTEREST EXPENSE
                                        
Salaries and benefits
    
6,168
      
6,187
      
6,134
      
12,355
      
12,316
  
Occupancy
    
901
      
982
      
903
      
1,883
      
1,875
  
Furniture and equipment
    
839
      
865
      
813
      
1,704
      
1,596
  
FDIC assessment
    
220
      
251
      
289
      
472
      
571
  
Problem asset costs, including losses
    
460
      
411
      
253
      
871
      
1,080
  
Other
    
2,882
      
2,855
      
2,830
      
5,736
      
5,646
  
Total non-interest expense
    
11,470
      
11,551
      
11,222
      
23,021
      
23,084
  
Income before income tax
    
5,424
      
4,895
      
4,635
      
10,319
      
8,720
  
Income tax expense
    
1,679
      
1,400
      
1,420
      
3,079
      
2,665
  
Net income
  
$
3,745
    
$
3,495
    
$
3,215
    
$
7,240
    
$
6,055
  
                                         
Basic earnings per common share
  
$
0.11
    
$
0.10
    
$
0.09
    
$
0.21
    
$
0.18
  
Diluted earnings per common share
  
$
0.11
    
$
0.10
    
$
0.09
    
$
0.21
    
$
0.18
  
Return on average assets
    
0.91
%
    
0.84
%
    
0.81
%
    
0.87
%
    
0.77
%
Return on average equity
    
9.56
%
    
9.06
%
    
8.78
%
    
9.31
%
    
8.34
%
Net interest margin
    
3.08
%
    
3.09
%
    
3.01
%
    
3.09
%
    
3.04
%
Efficiency ratio
    
71.05
%
    
70.67
%
    
73.07
%
    
70.86
%
    
76.17
%
 
BALANCE SHEET DATA
  
June 30,
    
March 31,
    
June 30,
  
Assets
  
2016
    
2016
    
2015
  
Cash and due from banks
  
$
30,045
    
$
22,499
    
$
28,853
  
Federal funds sold and other short-term investments
    
94,888
      
72,104
      
112,721
  
Interest-bearing time deposits in other financial institutions
    
---
      
---
      
20,000
  
Securities available for sale
    
173,580
      
168,041
      
158,866
  
Securities held to maturity
    
49,373
      
51,303
      
43,229
  
Federal Home Loan Bank Stock
    
11,558
      
11,558
      
11,558
  
Loans held for sale
    
1,138
      
2,259
      
5,114
  
Total loans
    
1,211,844
      
1,216,184
      
1,130,024
  
Less allowance for loan loss
    
16,959
      
17,129
      
18,181
  
Net loans
    
1,194,885
      
1,199,055
      
1,111,843
  
Premises and equipment, net
    
50,639
      
50,944
      
52,132
  
Bank-owned life insurance
    
28,942
      
28,784
      
28,528
  
Other real estate owned
    
14,066
      
16,162
      
26,303
  
Other assets
    
17,433
      
17,276
      
18,867
  
                         
Total Assets
  
$
1,666,547
    
$
1,639,985
    
$
1,618,014
  
                         
Liabilities and Shareholders' Equity
                        
Noninterest-bearing deposits
  
$
451,644
    
$
424,356
    
$
389,828
  
Interest-bearing deposits
    
903,434
      
916,478
      
937,985
  
Total deposits
    
1,355,078
      
1,340,834
      
1,327,813
  
Other borrowed funds
    
104,840
      
94,840
      
96,836
  
Long-term debt
    
41,238
      
41,238
      
41,238
  
Other liabilities
    
6,929
      
7,832
      
5,284
  
Total Liabilities
    
1,508,085
      
1,484,744
      
1,471,171
  
                         
Shareholders' equity
    
158,462
      
155,241
      
146,843
  
                         
Total Liabilities and Shareholders' Equity
  
$
1,666,547
    
$
1,639,985
    
$
1,618,014
  
 
MACATAWA BANK CORPORATION
SELECTED CONSOLIDATED FINANCIAL DATA
(Unaudited)
(Dollars in thousands except per share information)

   
Quarterly
    
Year to Date
  
                                           
   
2nd Qtr
2016
    
1st Qtr
2016
    
4th Qtr
2015
    
3rd Qtr
2015
    
2nd Qtr
2015
    
2016
    
2015
  
EARNINGS SUMMARY
                                          
Net interest income
  
$
11,608
    
$
11,738
    
$
11,461
    
$
11,121
    
$
10,845
    
$
23,346
    
$
21,497
  
Provision for loan losses
    
(750
)
    
(100
)
    
(1,750
)
    
(250
)
    
(500
)
    
(850
)
    
(1,500
)
Total non-interest income
    
4,536
      
4,608
      
4,503
      
4,484
      
4,512
      
9,144
      
8,807
  
Total non-interest expense
    
11,470
      
11,551
      
12,615
      
11,254
      
11,222
      
23,021
      
23,084
  
Federal income tax expense
    
1,679
      
1,400
      
1,561
      
1,400
      
1,420
      
3,079
      
2,665
  
Net income
  
$
3,745
    
$
3,495
    
$
3,538
    
$
3,201
    
$
3,215
    
$
7,240
    
$
6,055
  
                                                         
Basic earnings per common share
  
$
0.11
    
$
0.10
    
$
0.10
    
$
0.09
    
$
0.09
    
$
0.21
    
$
0.18
  
Diluted earnings per common share
  
$
0.11
    
$
0.10
    
$
0.10
    
$
0.09
    
$
0.09
    
$
0.21
    
$
0.18
  
                                                         
MARKET DATA
                                                        
Book value per common share
  
$
4.67
    
$
4.58
    
$
4.48
    
$
4.42
    
$
4.34
    
$
4.67
    
$
4.34
  
Tangible book value per common share
  
$
4.67
    
$
4.58
    
$
4.48
    
$
4.42
    
$
4.34
    
$
4.67
    
$
4.34
  
Market value per common share
  
$
7.42
    
$
6.25
    
$
6.05
    
$
5.18
    
$
5.30
    
$
7.42
    
$
5.30
  
Average basic common shares
    
33,922,506
      
33,925,113
      
33,891,429
      
33,866,789
      
33,866,789
      
33,923,810
      
33,866,789
  
Average diluted common shares
    
33,922,506
      
33,925,113
      
33,891,429
      
33,866,789
      
33,866,789
      
33,923,810
      
33,866,789
  
Period end common shares
    
33,922,289
      
33,925,113
      
33,925,113
      
33,866,789
      
33,866,789
      
33,922,289
      
33,866,789
  
                                                         
PERFORMANCE RATIOS
                                                        
Return on average assets
    
0.91
%
    
0.84
%
    
0.85
%
    
0.77
%
    
0.81
%
    
0.87
%
    
0.77
%
Return on average equity
    
9.56
%
    
9.06
%
    
9.40
%
    
8.64
%
    
8.78
%
    
9.31
%
    
8.34
%
Net interest margin (fully taxable equivalent)
    
3.08
%
    
3.09
%
    
3.03
%
    
2.92
%
    
3.01
%
    
3.09
%
    
3.04
%
Efficiency ratio
    
71.05
%
    
70.67
%
    
79.02
%
    
72.12
%
    
73.07
%
    
70.86
%
    
76.17
%
Full-time equivalent employees (period end)
    
343
      
338
      
342
      
347
      
347
      
343
      
347
  
                                                         
ASSET QUALITY
                                                        
Gross charge-offs
  
$
36
    
$
76
    
$
252
    
$
170
    
$
202
    
$
112
    
$
280
  
Net charge-offs
  
$
(580
)
  
$
(148
)
  
$
(614
)
  
$
(285
)
  
$
(1
)
  
$
(728
)
  
$
(719
)
Net charge-offs to average loans (annualized)
    
-0.19
%
    
-0.05
%
    
-0.21
%
    
-0.10
%
    
0.00
%
    
-0.12
%
    
-0.13
%
Nonperforming loans
  
$
350
    
$
427
    
$
756
    
$
4,211
    
$
3,716
    
$
350
    
$
3,716
  
Other real estate and repossessed assets
  
$
14,066
    
$
16,162
    
$
17,572
    
$
25,671
    
$
26,303
    
$
14,066
    
$
26,303
  
Nonperforming loans to total loans
    
0.03
%
    
0.04
%
    
0.06
%
    
0.35
%
    
0.33
%
    
0.03
%
    
0.33
%
Nonperforming assets to total assets
    
0.87
%
    
1.01
%
    
1.06
%
    
1.80
%
    
1.86
%
    
0.87
%
    
1.86
%
Allowance for loan losses
  
$
16,959
    
$
17,129
    
$
17,081
    
$
18,217
    
$
18,181
    
$
16,959
    
$
18,181
  
Allowance for loan losses to total loans
    
1.40
%
    
1.41
%
    
1.43
%
    
1.53
%
    
1.61
%
    
1.40
%
    
1.61
%
Allowance for loan losses to nonperforming loans
    
4845.43
%
    
4011.48
%
    
2259.39
%
    
432.61
%
    
489.26
%
    
4845.43
%
    
489.26
%
                                                         
CAPITAL
                                                        
Average equity to average assets
    
9.47
%
    
9.27
%
    
9.07
%
    
8.89
%
    
9.18
%
    
9.37
%
    
9.24
%
Common equity tier 1 to risk weighted assets (Consolidated)
    
11.14
%
    
10.95
%
    
10.75
%
    
10.54
%
    
10.87
%
    
11.14
%
    
10.87
%
Tier 1 capital to average assets (Consolidated)
    
11.93
%
    
11.69
%
    
11.54
%
    
11.34
%
    
11.70
%
    
11.93
%
    
11.70
%
Total capital to risk-weighted assets (Consolidated)
    
15.18
%
    
15.01
%
    
14.80
%
    
14.61
%
    
15.09
%
    
15.18
%
    
15.09
%
Common equity tier 1 to risk weighted assets (Bank)
    
13.59
%
    
13.41
%
    
13.22
%
    
12.98
%
    
13.44
%
    
13.59
%
    
13.44
%
Tier 1 capital to average assets (Bank)
    
11.61
%
    
11.38
%
    
11.24
%
    
11.03
%
    
11.38
%
    
11.61
%
    
11.38
%
Total capital to risk-weighted assets (Bank)
    
14.80
%
    
14.63
%
    
14.43
%
    
14.23
%
    
14.69
%
    
14.80
%
    
14.69
%
Tangible common equity to assets
    
9.52
%
    
9.47
%
    
8.79
%
    
9.03
%
    
9.09
%
    
9.52
%
    
9.09
%
                                                         
END OF PERIOD BALANCES
                                                        
Total portfolio loans
  
$
1,211,844
    
$
1,216,184
    
$
1,197,932
    
$
1,192,878
    
$
1,130,024
    
$
1,211,844
    
$
1,130,024
  
Earning assets
    
1,539,877
      
1,518,752
      
1,602,599
      
1,527,714
      
1,480,839
      
1,539,877
      
1,480,839
  
Total assets
    
1,666,547
      
1,639,985
      
1,729,643
      
1,659,339
      
1,618,014
      
1,666,547
      
1,618,014
  
Deposits
    
1,355,078
      
1,340,834
      
1,435,512
      
1,366,849
      
1,327,813
      
1,355,078
      
1,327,813
  
Total shareholders' equity
    
158,462
      
155,241
      
151,977
      
149,733
      
146,843
      
158,462
      
146,843
  
                                                         
AVERAGE BALANCES
                                                        
Total portfolio loans
  
$
1,212,836
    
$
1,202,682
    
$
1,190,328
    
$
1,155,339
    
$
1,138,880
    
$
1,207,759
    
$
1,129,688
  
Earning assets
    
1,531,535
      
1,539,166
      
1,527,116
      
1,532,562
      
1,460,025
      
1,535,351
      
1,437,957
  
Total assets
    
1,654,325
      
1,663,590
      
1,660,869
      
1,667,736
      
1,594,365
      
1,658,958
      
1,572,493
  
Deposits
    
1,346,703
      
1,365,881
      
1,365,990
      
1,376,257
      
1,302,349
      
1,356,292
      
1,286,874
  
Total shareholders' equity
    
156,664
      
154,244
      
150,583
      
148,214
      
146,404
      
155,454
      
145,239