Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

NOTE 10 - RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates were as follows (dollars in thousands).

	2012			2011

Beginning balance	$	1,370		$	868
New loans and renewals		10,222			3,937
Repayments and renewals		(5,947	)		(3,535	)
Effect of changes in related parties		---			100
Ending balance	$	5,645		$	1,370

Deposits from principal officers, directors, and their affiliates at December 31, 2012 and 2011 were $154.8 million and $149.4 million, respectively. The majority of the deposit balances for each year are associated with institutional accounts of affiliated organizations of one of the Company's directors.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details